Financials - Half Yearly
Pak-Libya Holding Company (Pvt.) Limited
Balance Sheet
  As at June 30, 2017  
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 29,170 20,420
Balances with other banks 89,801 72,705
Lendings to financial institutions 1,700,000 950,000
Investments 9,516,776 13,183,821
Advances 3,682,142 2,837,523
Operating fixed assets 78,272 87,697
Deferred tax assets - net 54,563 26,419
Other assets 1,620,321 1,716,856
  16,771,045 18,895,441
Liabilities
Bills payable - -
Borrowings from financial institutions 11,533,276 13,391,904
Deposits and other accounts 350,000 463,117
Sub-ordinated loans - -
Liabilities against assets subject to finance leases - -
Deferred tax liabilities - -
Other liabilities 193,747 279,005
  12,077,023 14,134,026
Net assets 4,694,022 4,761,415
Represented by
Share capital 6,141,780 6,141,780
Reserves 317,787 302,094
Accumulated losses (1,711,938) (1,774,710)
  4,747,629 4,669,164
(Deficit) / surplus on revaluation of assets - net of tax (53,607) 92,251
  4,694,022 4,761,415

Pak-Libya Holding Company (Pvt.) Limited
Profit and Loss Account
  For the six months ended June 30, 2017  
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 502,571 612,706
Mark-up / return / interest expensed 353,818 456,792
Net mark-up / interest income 148,753 155,914
(Reversal) / provision against non-performing advances - net (1,976) (1,057,554)
Provision / (reversal) for diminution in the value of investments - net 7,699 (55,530)
Reversal of provision against lendings to financial institutions - -
Bad debts written off directly - -
  5,723 (1,113,084)
Net mark-up / interest / income after provisions 143,030 1,268,998
Non mark-up / interest income
Fee, commission and brokerage income 13,084 9,058
Dividend income 19,408 31,454
Gain from trading in securities - net 218,030 54,885
Income from dealing in foreign currencies - -
Unrealised gain / (loss) on revaluation of investments classified as held-for-trading - (223)
Other income 2,081 2,694
Total non mark-up / interest income 252,603 97,868
  395,633 1,366,866
Non mark-up / interest expenses
Administrative expenses 248,508 206,106
Other provision / write off - 116,000
Other charges 10,143 14,629
Total non mark-up / interest expenses 258,651 336,735
  136,982 1,030,131
Extra ordinary / unusual items - -
Profit before taxation 136,982 1,030,131
Taxation - current 51,101 48,949
             - prior period - -
             - deferred 7,416 46,103
  58,517 95,052
Profit after taxation 78,465 935,079
Basic and diluted earnings per share (Rupees) 127.76 1,522.49
Auditor(s):

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