Financials - Half Yearly
 Pakistan Kuwait Investment Company (Private) Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 69,770 61,995
Balances with other banks 11,708 16,691
Lendings to financial institutions 2,391,598 2,632,880
Investments 22,925,004 21,206,169
Advances 3,187,303 4,422,496
Operating fixed assets 196,497 201,875
Deferred tax assets - -
Other assets 311,255 399,306
  29,093,135 28,941,412
Liabilities
Bills payable - -
Borrowings from financial institutions 2,613,647 2,661,764
Deposits and other accounts 3,600 3,650
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 1,406,702 1,135,537
Other liabilities 419,215 453,141
  4,443,164 4,254,092
Net assets 24,649,971 24,687,320
Represented by
Share capital 6,000,000 6,000,000
Reserves 6,876,320 6,876,320
Unappropriated profit 10,540,222 9,946,000
  23,416,542 22,822,320
Surplus on revaluation of 'available-for-sale' securities - net of tax 1,233,429 1,865,000
  24,649,971 24,687,320

 Pakistan Kuwait Investment Company (Private) Limited
Profit and Loss Account
  For the six month ended June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 373,174 632,178
Mark-up / return / interest expensed 52,103 178,340
Net mark-up / interest income 321,071 453,838
Reversal of provision against non-performing loans and advances - net (265,934) (37,824)
Provision for diminution / impairment in the value of investments 44,326 17,947
Bad debts written off directly - -
  (221,608) (19,877)
Net mark-up / interest income after provisions 542,679 473,715
Non mark-up / interest income
Fee, commission and brokerage income 627 1,792
Dividend income 117,532 158,596
Income from dealing in foreign currencies - -
Gain on sale of securities 88,786 58,052
Unrealized gain / (loss) on revaluation of 'held-for-trading' securities (1,460) 1,753
Share in results of associates - net 1,142,959 1,057,230
Other income 13,523 15,631
Total non mark-up / interest income 1,361,967 1,293,054
Non mark-up / interest expenses
Administrative expenses 229,735 254,197
Reversal of provision of fixed assets and non-current asset held for sale - net - (42,693)
Other charges - -
Total non mark-up / interest expenses 229,735 211,504
Extra ordinary / unusual items - -
Profit before taxation 1,674,911 1,555,265
Taxation - current 191,778 241,021
             - prior years - -
             - deferred 377,002 41,513
  568,780 282,534
Profit after taxation 1,106,131 1,272,731
Basic and diluted earning per share (on share Rs.25,000 each) 4,609 5,303
Auditor(s):

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