Financials - Half Yearly
Sindh Microfinance Bank Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec  31, 2015
Assets
Cash and balances with State Bank of Pakistan an National Bank of Pakistan 83,308 10,022
Balances with other banks / NBFIs/MFBs 250,790,303 155,843,727
Lendings / placements to financial institutions 500,000,000 600,000,000
Investments - net of provisions - -
Advances - net of provisions 4,541,038 -
Operating fixed assets 4,227,449 2,524,053
Others assets 12,409,398 8,182,149
Deferred tax assets - net 1,021,339 1,082,485
Total assets 773,072,835 767,642,436
Liabilities
Deposits and other accounts 2,231 -
Borrowings - -
Sub-ordinated debt - -
Other liabilities 1,338,124 2,429,615
Deferred tax liabilities - -
Total liabilities 1,340,355 2,429,615
Net assets 771,732,480 765,212,821
Represented by
Share capital 750,000,000 750,000,000
Statutory and general reserves 4,346,494 3,042,562
Depositors' protection fund 1,086,624 760,641
Unappropriated profit 16,299,362 11,409,618
  771,732,480 765,212,821
Surplus / (deficit) on revaluation of assets - -
Deferred grants - -
Total capital 771,732,480 765,212,821

Sindh Microfinance Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Mark-up / return / interest earned 26,734,838 12,098,788
Mark-up / return / interest expensed - -
Net mark-up / interest income 26,734,838 12,098,788
Provision against non-performing loans and advances (45,869) -
Provision for diminution in the value of investment - -
Bad debts written off directly - -
  (45,869) -
Net mark-up / interest income after provisions 26,688,969 12,098,788
Non mark-up / non interest income
Fee, commission and brokerage income - -
Dividend income - -
Other income - -
Total non mark-up / non interest income - -
  26,688,969 12,098,788
Non mark-up / non interest expense
Administrative expenses (16,727,482) (7,090,752)
Other provisions /write offs - -
Other charges - -
Total non mark-up / non interest expenses (16,727,482) (7,090,752)
Extraordinary / unusual items - -
Profit before taxation 9,961,487 5,008,036
Taxation - Current (3,380,682) (1,652,464)
             - prior - -
             - deferred (61,146) -
  (3,441,828) (1,652,464)
Profit after taxation 6,519,659 3,355,572
Unappropriated profit - brought forward 11,409,618 -
Appropriations:
Transfer to    
             - statutory reserve 1,303,932 -
             - capital reserve - -
             - depositors' protection fund 325,983 -
Unappropriated profit - carried forward 16,299,362 3,355,572
Earnings per share - basic and diluted 0.09 0.04
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.