Financials - Half Yearly
SME Bank Limited
Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 317,529 560,802
Balances with other banks 3,012 4,226
Lendings to financial institutions 585,000 445,000
Investments 55,650,824 4,869,535
Advances 2,407,912 2,771,720
Operating fixed assets 92,873 101,859
Deferred tax assets - net 366,298 256,177
Other assets 567,529 368,896
  9,990,977 9,378,215
Liabilities
Bills payable 77,527 95,443
Borrowings 4,120,121 3,460,326
Deposits and other accounts 5,203,923 5,228,716
Deferred tax liabilities - -
Other liabilities 585,019 573,082
  9,986,590 9,357,567
Net assets 4,387 20,648
Represented by
Share capital 2,392,507 2,392,507
Reserves 206,526 206,526
Unappropriated loss (2,617,749) (2,590,705)
  (18,716) 8,328
Surplus on revaluation of assets - net of deferred tax 23,103 12,320
  4,387 20,648

SME Bank Limited
Profit and Loss Account
  For the six month ended June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 295,201 316,797
Mark-up / return / interest expensed 235,668 219,672
Net mark-up / interest income 59,533 97,125
Provision / (reversal of provision) against non-performing loans advances - net (3,676) (17,662)
Charge / (reversal) for diminution in the value of investments 70 (61,413)
Bad debts written off directly - -
  (3,606) (79,075)
Net mark-up / interest income after provisions 63,139 176,200
Non mark-up / interest income
Fee, commission and brokerage income 5,353 5,483
Dividend income - 9
Income from dealing in foreign currencies - -
Gain on sale of securities 9,077 6,078
Unrealized gain on revaluation of investments classified as held for trading - -
Other income 615 540
Total non mark-up / interest income 15,045 12,110
  78,184 188,310
Non mark-up / interest expense
Administrative expenses 412,769 371,541
Other provisions / write offs 1,891 1,822
Other charges - -
Total non mark-up / interest expenses 414,660 373,363
Loss before taxation (336,476) (185,053)
Taxation - current 3,171 3,300
             - prior (198,095) -
             - deferred (114,508) -
  (309,432) 3,300
Profit / (loss) after taxation (27,044) (188,353)
Basic / diluted earning / (loss) per share (Rupees) (0.11) (0.79)
Auditor(s):

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