Financials - Half Yearly
Silkbank Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 7,712,376 7,370,962
Balances with other banks 203,921 87,748
Lendings of financial institutions 10,628,268 706,572
Investments - net 25,489,963 37,488,482
Advances - net 77,826,488 64,802,628
Operating fixed assets 4,108,291 4,101,219
Deferred tax assets - net 3,576,505 3,704,745
Other assets 17,280,686 16,771,466
  146,826,498 135,033,822
Liabilities
Bills payable 2,494,940 3,996,044
Borrowings 25,143,834 30,195,702
Deposits and other accounts 101,984,003 86,787,423
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 8,835 10,694
Deferred tax liabilities - -
Other liabilities 4,676,750 1,989,371
  134,308,362 122,979,234
Net assets 12,518,136 12,054,588
Represented by
Share capital 90,818,612 77,998,099
Discount on issue of right shares (67,387,238) (56,566,725)
Reserves 327,845 327,845
Advance against shares subscription - 2,000,000
Accumulated loss (11,293,320) (11,757,111)
  12,465,899 12,002,108
Surplus on revaluation of assets - net of tax 52,237 52,480
  12,518,136 12,054,588

Silkbank 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 5,158,004 5,113,251
Mark-up / return / interest expensed (2,555,596) (2,923,619)
Net mark-up / interest income 2,602,408 2,189,632
Provision against non-performing loans and advances - net (specific) (262,079) (322,184)
Provision against small enterprise and consumer financing - net (general) (27,766) (25,082)
Recovery against written off loans 39,355 5,074
Impairment in the value of investments (22,723) (10,654)
  (273,213) (352,846)
Net mark-up / interest income after provisions 2,329,195 1,836,786
Non mark-up / interest income
Fee, commission and brokerage income 684,521 605,950
Dividend income 22,244 28,408
Income from dealing in foreign currencies 72,075 96,372
Gain on sale of securities - net 48,437 61,846
Unrealized (loss) / gain on revaluation of investment - held for trading (652) (90)
Other income 492,576 148,566
Total non-markup / interest income 1,319,201 941,052
  3,648,396 2,777,838
Non mark-up / interest expenses
Administrative expenses (2,971,107) (2,611,179)
Other (provisions) / (write off) / reversals - net (2,597) 413,433
Other charges (60,936) (43,944)
Total non-mark-up / interest expenses (3,034,640) (2,241,690)
Profit before taxation 613,756 536,148
Income tax expense
Taxation - current - -
             - prior - -
             - deferred (135,496) (190,850)
  (135,496) (190,850)
Profit after taxation 478,260 345,298
Earnings per share - basic 0.05 0.04
Earnings per share - diluted 0.05 0.04
Auditor(s):

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