Financials - Half Yearly
Sindh Microfinance Bank Limited
Balance Sheet Consolidated
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec  31, 2016
Assets
Cash and balances with SBP and NBP 496,672 1,949,600
Balances with other banks 563,215,056 580,005,055
Lending to financial institutions - 100,000,000
Investments - net of provisions - -
Advances - net of provisions 182,234,174 68,657,071
Operating fixed assets 6,859,076 7,399,608
Others assets 35,149,863 22,680,807
Deferred tax assets - net - -
Total assets 787,954,841 780,692,141
Liabilities
Deposits and other accounts 125,624 1,138,626
Borrowings - -
Subordinated debt - -
Other liabilities 1,689,422 1,472,269
Deferred tax liabilities - net 331,158 407,907
Total liabilities 2,146,204 3,018,802
Net assets 785,808,637 777,673,339
Represented by
Share capital 750,000,000 750,000,000
Statutory and general reserves 7,161,726 5,534,666
Depositors' protection fund 1,790,432 1,383,667
Unappropriated profit 26,856,479 20,755,006
  785,808,637 777,673,339
Surplus / (deficit) on revaluation of assets - -
Deferred grants - -
Total equity 785,808,637 777,673,339

Sindh Microfinance Bank 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 49,724,676 26,734,838
Mark-up / return / interest expensed - -
Net mark-up / interest income 49,724,676 26,734,838
Provision against non-performing loans and advances (1,147,253) (45,869)
Provision for diminution in the value of investment - -
Bad debts written of directly (89,873) -
  (1,237,126) (45,869)
Net mark-up / interest income after provisions 48,487,550 26,688,969
Non mark-up / Non interest income
Fee, commission and brokerage income - -
Dividend income - -
Other income - -
Total non mark-up / non interest income - -
  48,487,550 26,688,969
Non mark-up / Non interest expense
Administrative expenses (35,970,954) (16,727,482)
Other provision / write offs - -
Other charges - -
Total non mark-up / non interest expenses (35,970,954) (16,727,482)
Extraordinary / unusual items - -
Profit for the period 12,516,596 9,961,487
Taxation - current (4,458,047) (3,380,682)
             - prior - -
             - deferred      76,749 (61,146)
  (4,381,298) (3,441,828)
Profit after taxation 8,135,298 6,519,659
Unappropriated profit - brought forward 20,755,006 11,409,618
Profit available for appropriation 28,890,304 17,929,277
Appropriations:
Transfer to    
             - statutory reserve 1,627,060 1,303,932
             - capital reserve - -
             - contribution to depositors' protection fund 406,765 325,983
             - revenue reserve - -
             - proposed dividend - -
Unappropriated profit - carried forward 26,856,479 16,299,362
Earnings per share 0.11 0.09
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.