Financials - Half Yearly
PAIR Investment Company Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 38,475 64,205
Balances with other banks 124,903 432,783
Lendings to financial institutions 750,000 0
Investments - net 10,906,454 11,842,973
Advances - net 5,159,229 5,424,351
Operating fixed assets 160,011 176,982
Deferred tax assets - net 275,626 238,128
Other assets 505,768 419,049
  17,920,466 18,598,471
Liabilities
Bills payable - -
Borrowings 7,014,905 6,549,981
Deposits and other accounts 9,86,450 2,079,728
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 701,849 518,803
  8,703,204 9,148,512
Net assets 9,217,262 9,449,959
Represented by
Share capital 6,000,000 6,000,000
Reserves 823,243 794,107
Unappropriated profit 2,389,317 2,572,774
  9,212,560 9,366,881
Surplus on revaluation of assets - net of deferred tax 4,702 83,078
  9,217,262 9,449,959

PAIR Investment Company 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 567,150 635,199
Mark-up / return / interest expensed 230,147 282,742
Net mark-up / interest income 337,003 352,457
Provision against non-performing loans and advances - net 30,211 21,171
Provision / (Reversal) for diminution in the value of investments 3,245 (14,294)
Bad Debts written off directly - -
  33,456 6,877
Net mark-up / interest income after provisions 303,547 345,580
Non mark-up / interest income
Fees, commission and brokerage income 4,938 7,172
Dividend income 10,777 12,829
Income from dealing in foreign currencies (720) 423
Gain on sale / redemption of securities - net 68,764 79,163
Gain on sale of fixed assets - -
Unrealised gain on revaluation of investments classified as 'held for trading' securities 840 4
Other income - -
Total non mark-up / interest income 84,599 99,591
Non mark-up / interest expenses
Administrative expenses 176,063 169,730
Other write offs / provisions - -
Other charges - -
Total non mark-up / interest expenses 176,063 169,730
  212,083 275,441
Extra ordinary / unusual items - -
Profit before taxation 212,083 275,441
Taxation
- current 73,113 93,596
- prior year - -
- deferred (6,709) 2,945
  66,404 96,541
Profit after taxation 145,679 178,900
Basic and diluted earnings per share - (Rupees) 0.24 0.3
Auditor(s):

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