Financials - Half Yearly
Meezan Bank Limited
Consolidated Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 53,119,088 56,037,043
Balances with other banks 3,175,171 12,067,855
Due from financial institutions 143,761,016 129,115,165
Investments - net 122,812,235 134,796,574
Islamic financing and related assets - net 338,895,950 311,530,270
Operating fixed assets 11,724,404 9,031,686
Deferred tax assets - -
Other assets - net 11,939,469 10,689,082
  685,427,333 663,267,675
Liabilities
Bills payable 10,025,498 9,130,998
Due to financial institutions 22,192,170 32,005,501
Deposits and other accounts 593,244,094 563,999,852
Sub-ordinated sukuk 7,000,000 7,000,000
Deferred tax liabilities 1,134,540 1,955,203
Other liabilities 16,037,218 14,403,557
  649,633,520 628,495,111
Net assets 35,793,813 34,772,564
Represented by
Share capital 10,027,379 10,027,379
Reserves 10,356,646 9,724,001
Unappropriated profit 12,462,979 11,340,678
  32,847,004 31,092,058
Non-controlling interest 1,200,896 1,221,989
  34,047,900 32,314,047
Surplus on revaluation of investments (including amount relating to share of profit from associates) - net of tax 1,745,913 2,458,517
  35,793,813 34,772,564

Meezan Bank Limited
Consolidated 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 17,341,123 14,953,768
Profit on deposits and other dues expensed 7,232,298 6,151,251
Net spread earned 10,108,825 8,802,517
Reversal of provision against non-performing islamic financing and related assets - net (21,366) (222,920)
Provision / (Reversal of provision) against diminution in value of investments 128,581 (76,576)
Bad debts written off directly - -
  107,215 (299,496)
Net spread after provisions 10,001,610 9,102,013
Other Income
Fee, commission and brokerage income 3,140,809 1,810,518
Dividend income 90,871 205,562
Income from dealing in foreign currencies 445,811 643,674
Capital gain on sale of investments - net 843,307 499,795
Other income 247,664 168,161
Total other income 4,768,462 3,327,710
  14,770,072 12,429,723
Other Expenses
Administrative expenses 8,893,046 7,712,363
Other reversals of provisions (8,323) (101)
Other charges  10,268 381
Workers welfare fund  147,025 102,967
Total other expenses 9,042,016 7,815,610
  5,728,056 4,614,113
Share of results of associates before taxation (206,887) 513,083
  5,521,169 5,127,196
Extraordinary / unusual items - -
Profit before taxation 5,521,169 5,127,196
Taxation - current 2,436,481 1,577,211
             - prior years 391,525 175,280
             - deferred (436,954) 223,313
  2,391,052 1,975,804
Profit after taxation 3,130,117 3,151,392
Equity shareholders of the bank 3,010,215 3,006,972
Non - controlling interest 119,902 144,420
Profit attributable to shareholders 3,130,117 3,151,392
Basic and diluted earnings per share 3.00 3.00
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.