Financials - Half Yearly
Telenor Microfinance Bank Limited
 Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 2,562,233 3,116,926
Balances with other banks 2,573,008 2,558,937
Lendings to financial institutions 80,000 323,215
Investments 7,363,256 11,568,227
Advances- net of provisions 20,236,315 15,835,248
Operating fixed assets 1,705,798 1,041,611
Other assets 4,177,872 1,844,687
Deferred tax asset - net 20,830 14,795
  38,719,312 36,303,646
Liabilities
Deposits and other accounts 29,147,083 27,829,780
Borrowings - -
Subordinated debt - -
Other liabilities 4,658,005 3,887,957
Deferred tax liabilities - net - -
  33,805,088 31,717,737
Net assets 4,914,224 4,585,909
Represented by
Share capital 1,346,939 1,346,939
Reserves 1,372,592 1,286,756
Unappropriated profit 2,173,275 1,943,880
  4,892,806 4,577,575
Deficit on revaluation of assets - net of deferred tax (939) (1,527)
Deferred grants 22,357 9,861
  4,914,224 4,585,909

Telenor 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 2,778,765 2,005,802
Mark-up / return / interest expensed (802,951) (329,612)
Net mark-up / return / interest income 1,975,814 1,676,190
Provision against non-performing loans and advances (77,760) (25,997)
Provision for diminution in the value of investments - -
Bad debts written off directly (12,262) (13,688)
  (90,022) (39,685)
Net mark-up / return / interest income after provisions 1,885,792 1,636,505
Non mark-up / Non interest income
Fee, commission and brokerage income 4,294,085 738,285
Dividend income - -
Other income 62,267 69,044
Total non mark-up / non-interest income 4,356,352 807,329
  6,242,144 2,443,834
Non mark-up / Non interest expenses
Administrative expenses (5,698,242) (1,675,592)
Other provisions / write-offs (7,745) -
Other charges (11,011) (15,365)
Total non-mark-up / non-interest expenses (5,716,998) (1,690,957)
  525,146 752,877
Extra ordinary / unusual items - -
Profit before taxation 525,146 752,877
Taxation - current (172,310) (220,834)
             - prior years (43,894) (38,813)
             - deferred 6,289 (13,832)
  (209,915) (273,479)
Profit after taxation 315,231 479,398
Basic and diluted earnings per share - Rupees 2.34 3.56
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.