Financials - Half Yearly
Saudi Pak Industrial & Agricultural Investment Company Limited
Balance Sheet
  As at June 30, 2017  
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 31,054,323 34,289,134
Balances with other banks 190,079,131 116,131,516
Lendings to financial institutions others - 340,000,000
Investments 9,958,751,666 11,349,103,494
Advances 75,57,895,952 8,256,263,088
Operating fixed assets 2,568,623,841 2,625,410,263
Deferred tax assets - -
Other assets 1,629,136,892 1,610,549,972
  21,935,541,805 24,331,747,467
Liabilities
Bills payable - -
Borrowings from financial institutions 8,433,635,280 10,717,907,824
Deposits and other accounts 156,635,226 131,399,425
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 776,303,722 857,778,189
Other liabilities 164,485,450 238,722,007
  9,531,059,678 11,945,807,445
Net assets 12,404,482,127 12,385,940,022
Represented by
Share capital 6,600,000,000 6,600,000,000
Reserves fund 801,227,124 801,227,124
General reserves 358,662,940 358,662,940
Unappropriated profit 2,625,946,018 2,160,685,872
  10,385,836,082 9,920,575,936
Surplus on revaluation of assets - net of tax 2,018,646,045 2,465,364,086
  12,404,482,127 12,385,940,022

Saudi Pak Industrial & Agricultural Investment Company Limited
Profit and Loss Account
  For the six months ended June 30, 2017  
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 612,231,654 746,675,077
Mark-up / return / interest expensed 240,647,521 321,753,172
Net mark-up / interest income 371,584,133 424,921,905
(Reversal) / provision against non-performing loans and advances - net 12,342,341 130,958,418
(Reversal) / provision for diminution in the value of investments - net (102,613,132) 128,337,776
Bad debts written off directly - -
  (90,270,791) 259,296,194
Net mark-up / interest income after provisions 461,854,924 165,625,711
Non mark-up / interest income
Fee, commission and brokerage income 19,850,730 3,062,255
Dividend income 85,627,444 71,316,142
Gain on sale of securities - net 98,700,656 356,691,028
Unrealized (loss) / gain on revaluation of held for trading investment - net (4,001,950) 2,273,727
Gain / (loss) from dealing in foreign currencies 2,185 (23,943)
Other income 71,282,840 72,367,239
Total non mark-up / interest income 271,461,905 505,686,448
  733,316,829 671,312,159
Non mark-up / interest expenses
Administrative expenses 157,032,865 146,822,663
Other provisions  / write offs - -
Other Charges - -
Total non mark-up / interest expenses 157,032,865 146,822,663
  576,283,964 524,489,496
Extra ordinary / unusual items - -
Profit before taxation 576,283,964 524,489,496
Taxation - current 129,226,134 199,946,578
             - prior years 34,788,138 37,781,486
             - deferred (18,104,186) (31,567,231)
  145,910,086 206,160,833
Profit after taxation 430,373,878 318,328,663
Earning per share - basic and diluted (Rupees) 0.652 0.482
Auditor(s):

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