Financials - Half Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with SBP and NBP 943,777 840,523
Balances with other Banks/NBFIs/MFBs 2,186,201 2,111,977
Investments - Net of Provisions 3,932,675 4,627,558
Advances - Net of Provisions 10,505,802 8,183,228
Operating fixed assets 509,029 496,359
Other assets 903,489 584,933
Deferred tax asset 38,754 33,653
Total assets 19,019,727 16,878,231
Liabilities
Deposits and other accounts 14,454,642 12,237,466
Borrowings - 297,820
Other liabilities 422,275 512,441
Deferred tax liabilities - -
Total liabilities 14,876,917 13,047,727
Net assets 4,142,810 3,830,504
Represented by
Issued, subscribed and paid-up capital 2,730,811 2,730,811

Share premium account

620,690

620,690

Statutory & general reserves

252,347

189,569

Depositors protection fund

72,195

55,014

Accumulated profit

465,509

231,578

  4,141,552 3,827,662
Surplus on revaluation of assets 210 1,248
Deferred grants 1,048 1,594
Total capital 4,142,810 3,830,504

The First MicroFinance Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 1,613,740 1,154,603
Mark-up / return / interest expensed (337,076) (279,104)
Net mark-up / interest income 1,276,664 875,499
Provision against non-performing loans and advances (49,158) (13,454)
Recovery against written off advances 12,155 16,328
  (37,003) 2,874
Net mark-up / interest income after provisions 1,239,661 878,373
Non mark-up / non interest income
Fee, commission and brokerage income 114,887 72,446
Amortization of deferred capital grant 548 590
Other income 14,390 4,086
Total non mark-up / non interest income 129,825 77,122
Non mark-up / non interest expenses
Administrative expenses (887,174) (737,887)
Grant related expenses (548) (590)
Loss on remeasurement of investments - -
Other charges (10) (1,392)
Total non-mark-up / non interest expenses (887,732) (739,869)
Profit before taxation 481,754 215,626
Taxation - current (172,965) (56,720)
             - deferred 5,101 -
  (167,864) (56,720)
Profit after taxation 313,890 158,906
Accumulated profit brought forward 231,578 1,081
Profit / (Loss) before appropriations 545,468 159,987
Appropriations - transfers to
Statutory reserve (62,778) (31,781)
Contribution to depositors' protection fund: 5% of profit after tax (15,695) (7,945)
Interest on investment (1,486) (1,657)
  (79,959) (41,383)
Accumulated profit carried forward 465,509 118,604
Earnings per share (Rupee) 1.15 0.96
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.