Financials - Half Yearly
First Women Bank Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 1,329,364 1,081,532
Balances with other banks 227,774 112,042
Lendings to financial institutions 447,503 100,000
Investments 9,360,965 8,032,819
Advances 9,616,678 8,213,247
Operating fixed assets 332,847 337,077
Deferred tax asset - net 250,929 249,635
Other assets - net 406,076 394,212
  21,972,136 18,520,564
Liabilities
Bills payable (365,351) (214,155)
Borrowings from financial institutions (382,953) (743,909)
Deposits and other accounts (17,017,465) (13,708,791)
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liability - -
Other liabilities (345,018) (373,187)
  (18,110,787) (15,040,042)
Net assets 3,861,349 3,480,522
Represented by
Share capital 3,494,113 3,494,113
Advance against issuance of ordinary shares 500,000 0
Statutory reserve 307,717 307,717

Accumulated loss

(561,477)

(463,975)

  3,740,353 3,337,855
Surplus on revaluation of assets 120,996 142,667
  3,861,349 3,480,522

First Women 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 552,900 613,692
Mark-up / return / interest expensed (243,542) (301,906)
Net mark-up / interest income 309,358 311,786
Reversal against non-performing loans and advances - net (11,397) 3,331
Reversal against diminution in the value of investments - -
Bad debts written off directly - -
  (11,397) 3,331
Net mark-up / interest income after provisions 297,961 315,117
Non mark-up / interest income
Fee, commission and brokerage income 35,140 25,432
Dividend income 5,673 4,240
Income / (Loss) from dealing in foreign currencies - net 9,591 8,490
Gain on sale / redemption of securities - net 16,350 49,979
Unrealized loss on revaluation of investments classified as held for trading - (1,686)
Other income - net 6,535 16,714
Total non mark-up / interest income 73,289 103,169
  371,250 418,286
Non mark-up / interest expenses
Administrative expenses (453,557) (423,608)
Other provisions / write offs (1,441) (4,011)
Other charges (SBP penalty) (7) (21,867)
Total non-mark-up / interest expenses (455,005) (449,486)
Extra ordinary / unusual item - -
(Loss) / profit before taxation (83,755) (31,200)
Taxation - current (6,277) (7,101)
             - deferred (9,359) 72,777
  (15,636) 65,676
Profit after taxation (99,391) 34,476
Basic and diluted earnings per share (0.28) 0.01
Auditor(s):

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