Financials - Half Yearly
Soneri 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 19,277,876 16,718,428
Balances with other banks 1,095,440 1,634,544
Lendings to financial and other institutions 5,486,441 3,093,938
Investments - net 151,368,229 108,846,113
Advances - net 115,884,682 112,001,752
Operating fixed assets 5,256,950 4,956,732
Deferred tax assets - net - -
Other assets - net 6,980,067 6,090,322
  305,349,685 253,341,829
Liabilities
Bills payable 3,399,442 2,751,084
Borrowings 74,775,111 39,875,623
Deposits and other accounts 202,221,716 185,222,383
Sub-ordinated loans 2,998,800 3,000,000
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net 1,448,103 1,417,042
Other liabilities 2,432,302 2,883,755
  287,275,474 235,149,887
Net assets 18,074,211 18,191,942
Represented by
Share capital 11,024,636 11,024,636
Reserves 1,283,161 1,049,465
Discount on issue of right shares - (1,001,361)
Unappropriated profit 2,867,788 4,263,217
  15,175,585 15,335,957
Surplus on revaluation of assets - net of tax 2,898,626 2,855,985
  18,074,211 18,191,942

Soneri 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 9,328,905 9,177,859
Mark-up / return / interest expensed 5,532,733 5,452,791
Net mark-up / return / interest income 3,796,172 3,725,068
Provision against non-performing loans and advances - net 71,674 420,084
Reversal of provision against diminution in the value of investments (6,941) -
Bad debts written off directly 355 -
  65,088 420,084
Net mark-up / return / interest income after provisions 3,731,084 3,304,984
Non mark-up / interest income
Fee, commission and brokerage income 657,140 704,817
Dividend income 80,277 86,377
Income from dealing in foreign currencies 183,170 261,923
Unrealised (loss) / gain on revaluation of investments classified as held-for-trading / further contracts (13,169) (8,507)
Gain on sale of securities - net 608,947 582,838
Other income 18,099 22,199
Total non mark-up / interest income 1,534,464 1,649,647
  5,265,548 4,954,631
Non mark-up / interest expenses
Administrative expenses 3,163,438 2,943,596
Provision against other assets - net - 127
Other charges 53,455 97,601
Total non mark-up / interest expenses 3,216,893 3,041,324
  2,048,655 1,913,307
Extraordinary / unusual items - -
Profit before taxation 2,048,655 1,913,307
Taxation - current 734,909 770,092
             - prior 163,556 116,286
             - deferred (25,316) (80,683)
  873,149 805,695
Profit after taxation 1,175,506 1,107,612
Earning per share - Basic and diluted 1.0663 1.0047
Auditor(s):

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