Financials - Half Yearly
Summit Bank Limited
Consolidated Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 14,205,316 12,786,629
Balances with other banks 2,415,952 2,582,694
Lendings to financial institutions 4,141,248 1,631,583
Investments 97,149,920 90,364,950
Advances 84,125,848 79,844,271
Operating fixed assets 12,651,267 12,326,303
Deferred tax assets - net 5,200,950 5,151,050
Other assets 7,987,321 10,298,579
  227,877,822 214,986,059
Liabilities
Bills payable 3,461,542 5,061,470
Borrowings 57,704,293 49,819,840
Deposits and other accounts 148,117,392 142,735,727
Sub-ordinated loan 1,496,205 1,496,550
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 4,782,914 3,227,249
  215,562,346 202,340,836
Net assets 12,315,476 12,645,223
Represented by
Share capital 17,786,663 17,786,663
Convertible preference shares 2,155,959 2,155,959
Advance against subscription of shares 1,854,870 1,854,870
Reserves (1,722,341) (1,722,341)
Accumulated losses (9,762,067) (9,541,930)
  10,313,084 10,533,221
Surplus on revaluation of assets - net of tax 2,002,392 2,112,002
  12,315,476 12,645,223

Summit Bank Limited
Consolidated 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 5,298,208 5,456,001
Mark-up / return / interest expensed (3,690,323) (4,161,529)
Net mark-up / interest income 1,607,885 1,294,472
Provision against non-performing loans and advances - net (55,581) (1,153,562)
(Provision) / reversal of provision for diminution in the value of investments 104,038 (64,349)
Bad debts written off directly (3,891) -
  44,566 (1,217,911)
Net mark-up / interest income after provision 1,652,451 76,561
Non mark-up / interest income
Fee, commission and brokerage income 617,261 603,018
Dividend income 14,553 27,187
Income from dealing in foreign currencies 278,991 273,876
Gain on sale of securities - net 229,824 596,375
Gain on disposal of operating fixed assets - net 27,375 7,953
Unrealised loss on revaluation of investments classified as held-for-trading - net (33,279) (6,408)
Other income 54,927 32,205
Total non-mark-up / interest income 1,189,652 1,534,206
  2,842,103 1,610,767
Non mark-up / interest expenses
Administrative expenses (3,003,849) (2,980,480)
Other provisions / write-offs 2 (13,006)
Other charges (10,885) (43,586)
Total non mark-up / interest expenses (3,014,732) (3,037,072)
  (172,629) (1,426,305)
Extra ordinary / unusual items - -
(Loss) / profit before taxation (172,629) (1,426,305)
Taxation
- Current (90,627) (68,550)
- Prior years - -
- Deferred (13,504) 450,484
  (104,131) 381,934
Loss after taxation (276,760) (1,044,371)
Basic Loss per share (0.13) (0.48)
Diluted loss per share (0.13) (0.48)
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.