Financials - Half Yearly
Pak Oman 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 96,084 88,884
Balances with other banks 1,264,020 1,670,921
Lendings to financial institutions 649,486 935,826
Investments - net 50,398,283 20,831,182
Advances - net 19,837,979 14,834,851
Operating fixed assets 95,543 85,263
Deferred tax assets - net 491,578 439,434
Other assets 1,109,823 919,994
  73,942,796 39,806,355
Liabilities
Bills payable - -
Borrowings 56,158,771 25,150,898
Deposits and other accounts 8,321,833 5,342,975
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 1,512 1,671
Deferred tax liabilities - net - -
Other liabilities 1,330,115 849,613
  65,812,231 31,345,157
Net assets 8,130,565 8,461,198
Represented by
Share capital 6,150,000 6,150,000
Reserves 1,041,034 984,427
Unappropriated profit 708,236 972,325
  7,899,270 8,106,752
Surplus on revaluation of assets - net of deferred tax 231,295 354,446
  8,130,565 8,461,198

Pak Oman 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 1,824,506 1,123,269
Mark-up / return / interest expensed 1,397,585 678,160
Net mark-up / interest income 426,921 445,109
(Reversal) of provision against non-performing advances (91,495) (105,074)
Provision for diminution in the value of investments 334 19,945
Bad debts written off directly - -
  (91,161) (85,129)
Net mark-up / interest income after provisions 518,082 530,238
Non mark-up / interest income
Fee, commission and brokerage income 36,613 40,390
Dividend income 42,132 52,213
Income from dealing in foreign currency - -
Gain on sale of securities 170,901 392,556
Unrealised gain / (loss) on revaluation of investments classified as 'held-for-trading' securities (10,925) 9,811
Other income 288 1,956
Total non-markup / interest income 239,009 496,926
  757,091 1,027,164
Non mark-up / interest expenses
Administrative expenses 267,083 272,318
Other write offs / provisions - -
Other charges 26,374 10,683
Total non-markup / interest expenses 293,457 283,001
  463,634 744,163
Extra ordinary / unusual items - -
Profit before taxation 463,634 744,163
Taxation - current 159,271 205,440
             - prior years 38,904 38,746
             - deferred (17,575) 37,820
  180,600 282,006
Profit after taxation 283,034 462,157
Basic and diluted earnings per share 0.46 0.75
Auditor(s):

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