Financials - Half Yearly
AlBaraka Bank (Pakistan) Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 11,012,688 18,725,350
Balances with other banks 351,026 984,125
Due from financial institutions 5,395,411 2,692,703
Investments 21,177,022 24,601,518
Islamic financing and related assets 70,470,721 66,785,266
Operating fixed assets 4,422,300 4,502,269
Deferred tax assets 2,940,101 2,873,137
Other assets 5,993,196 5,634,265
  1,21,762,465 1,26,798,633
Liabilities
Bills payable 1,441,374 1,386,390
Due to financial institutions 3,106,476 3,223,109
Deposits and other accounts 1,01,165,120 1,05,843,084
Sub-ordinated loans 1,285,710 1,428,568
Deferred tax liabilities - -
Other liabilities 3,427,327 3,527,979
  1,10,426,007 1,15,409,130
Net assets 11,336,458 11,389,503
Represented by
Share capital 13,739,628 13,739,628
Discount on issuance of shares (632,766) (632,766)
Reserves 159,348 159,348
Accumulated loss (2,228,898) (2,281,369)
  11,037,312 10,984,841
Suplus on revaluation of investments - net of tax 299,146 404,662
  11,336,458 11,389,503

AlBaraka Bank (Pakistan) Limited
Profit and Loss Account
  For the six months ended June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Jun 30, 2016
Profit / return earned on islamic financing and related assets, investments and placements 3,338,821 2,351,422
Return on deposits and other dues expensed (1,518,129) (1,253,187)
Net spread earned 1,820,692 1,098,235
Reversal / (provision) against non-performing islamic financing and related assets 129,104 (133,855)
Provision for diminution in the value of investments (33,311) (2,010)
  95,793 (135,865)
Net spread after provisions 1,916,485 962,370
Other income
Fee, commission and brokerage income 345,906 222,989
Dividend income 19,216 8,473
Income from dealing in foreign currencies 79,280 72,978
Gain on sale of securities 152,749 15,710
Unrealized loss on revaluation of investments classified as held for trading (1,495) -
Other income 35,771 1,875
Total other income 631,427 322,025
  2,547,912 1,284,395
Other expenses
Administrative expenses (2,439,695) (1,525,801)
Other provisions / write off - -
Other charges (26,407) (63)
Total other expenses (2,466,102) (1,525,864)
  81,810 (241,469)
Extra ordinary / unusual items - -
Profit / (Loss) before taxation 81810 (241,469)
Taxation - current (39,717) (26,734)
             - prior years - -
             - deferred 10,230 95,934
  (29,487) 69,200
Profit / (Loss) / after taxation 52,323 (172,269)
Earnings / (loss) per share - basic / diluted 0.04 (0.19)
Auditor(s):

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