Financials -  Yearly
MCB Islamic 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 3,045,272 1,509,804
Balances with other banks 3,686,763 2,750,998
Due from financial institutions - -
Investments - net 7,771,648 5,769,675
Islamic financing and related assets - net 24,972,965 16,172,727
Operating fixed assets 2,403,616 2,104,250
Deferred tax assets - net 9,595 -
Other assets - net 377,565 261,048
  42,267,424 28,568,502
Liabilities
Bills payable 330,276 447,776
Due to financial institutions 8,078,654 2,785,650
Deposits and other accounts 22,727,975 14,279,436
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - 40,524
Other liabilities 917,095 749,243
  32,054,000 18,302,629
Net assets 10,213,424 10,265,873
Represented by
Share capital 10,000,000 10,000,000
Reserves 32,388 26,444
Unappropriated profit 92,511 68,087
  10,124,899 10,094,531
Surplus on revaluation of assets - net of tax 88,525 171,342
  10,213,424 10,265,873

MCB Islamic Bank 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 818,067 868,358
Profit / return expensed 370,094 277,744
Net spread earned 447,973 590,614
(Reversal of Provision) / Provision against non-performing islamic financing and related assets - net - 56,000
Provision for diminution in the value of investments - net (341) -
Bad debts written off directly - -
  (341) -
Net spread after provisions 448,314 534,614
Other income
Fee, commission and brokerage income 22,576 17,035
Dividend income 34,084 23,207
Income from dealing in foreign currencies 13,299 9,042
Gain on sale of securities - net 299,611 71,352
Unrealized gain / (loss) on revaluation of investments classified as held for trading - net - -
Other income 5,467 6,791
Total other income 375,037 127,427
  823,351 662,041
Other expenses
Administrative expenses 777,374 464,730
Other Provision - net - -
Other charges 909 13,873
Total other expenses 778,283 478,603
Extra ordinary / unusual item - -
Profit before taxation 45,068 183,438
Taxation - current (14,914) (70,160)
             - prior periods - -
             - deferred (436) (11,165)
  (15,350) (81,325)
Profit / (loss) after taxation 29,718 102,113
Basic / diluted earnings per share 0.03 0.10
Auditor(s):

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