Financials - Half Yearly
SME Bank Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 405,717 390,011
Balances with other banks 1,457 1,739
Lendings to financial institutions 585,000 885,000
Investments 4,025,321 4,117,491
Advances 2,596,196 2,751,710
Operating fixed assets 115,582 120,283
Deferred tax assets - -
Other assets 346,958 350,292
  8,076,231 8,616,526
Liabilities
Bills payable 41,609 114,107
Borrowings 2,613,087 2,888,685
Deposits and other accounts 4,727,064 4,770,201
Other liabilities 476,308 487,217
  7,858,068 8,260,210
Net assets 218,163 356,316
Represented by
Share capital 2,392,507 2,392,507
Reserves 206,526 206,526
Unappropriated loss (2,484,559) (2,296,206)
  114,474 302,827
Surplus on revaluation of assets 103,689 53,489
  218,163 356,316

SME Bank Limited
Profit and Loss Account
  For the six month ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Mark-up / return / interest earned 316,797 360,927
Mark-up / return / interest expensed 219,672 195,148
Net mark-up / interest income 97,125 165,779
Provision / (reversal of provision) against non-performing loans advances - net (17,662) (64,066)
Reversal for diminution in the value of investments - net (61,413) -
Bad debts written off directly - -
  (79,075) (64,066)
Net mark-up / interest income after provisions 176,200 229,845
Non mark-up / interest income
Fee, commission and brokerage income 5,483 5,590
Dividend income 9 211
Income from dealing in foreign currencies - -
Gain on sale of securities 6,078 25,224
Unrealized gain on revaluation of investments classified as held for trading - -
Other income 540 1,393
Total non mark-up / interest income 12,110 32,418
  188,310 262,263
Non mark-up / interest expense
Administrative expenses 371,541 321,023
Other provisions / write offs 1,822 7,902
Other charges - 1,035
Total non mark-up / interest expenses 373,363 329,960
Loss before taxation (185,053) (67,697)
Taxation - current 3,300 3,949
             - prior - -
             - deferred - -
  3,300 3,949
Loss after taxation (188,353) (71,646)
Basic / diluted earning / (loss) per share (Rupees) (0.79) (0.30)
Auditor(s):

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