Financials - Half Yearly
AlBaraka Bank (Pakistan) Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 14,877,217 8,915,585
Balances with other banks 594,375 2,932,165
Due from financial institutions 4,800,000 5,095,411
Investments 21,553,157 19,393,486
Islamic financing and related assets 73,025,993 71,203,056
Operating fixed assets 3,987,633 4,082,153
Deferred tax assets 3,387,168 3,238,985
Other assets 5,576,465 5,799,760
  127,802,008 120,660,601
Liabilities
Bills payable 1,454,980 1,691,141
Due to financial institutions 2,600,046 3,209,400
Deposits and other accounts 107,380,578 98,589,904
Sub-ordinated loans 2,500,000 2,642,852
Deferred tax liabilities - -
Other liabilities 3,288,728 3,765,083
  117,224,332 109,898,380
Net assets 10,577,676 10,762,221
Represented by
Share capital 13,739,628 13,739,628
Discount on issuance of shares - net (632,766) (632,766)
Reserve 159,348 159,348
Accumulated loss (2,945,740) (2,675,723)
  10,320,470 10,590,487
Surplus on revaluation of assets - net of tax 257,206 171,734
  10,577,676 10,762,221

AlBaraka Bank (Pakistan) Limited
Profit and Loss Account
  For the six months ended June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Jun 30, 2017
Profit / return earned on Islamic financing and related assets, investments and placements 3,659,563 3,338,821
Return on deposits and other dues expensed (1,683,837) (1,518,129)
Net spread earned 1,975,726 1,820,692
Provision / (reversal) against non-performing Islamic financing and related assets (469,088) 129,104
Provision for diminution in the value of investments (108,983) (33,311)
  (578,071) 95,793
Net spread after provisions 1,397,655 1,916,485
Other income
Fee, commission and brokerage income 363,986 345,906
Dividend income 15,805 19,216
Income from dealing in foreign currencies 167,033 79,280
Gain on sale of securities 22,043 152,749
Unrealized loss on revaluation of investments classified as held for trading (1,973) (1,495)
Other income 9,256 36,141
Total other income 576,150 631,797
  1,973,805 2,548,282
Other expenses
Administrative expenses (2,375,258) (2,440,065)
Other provisions / write off (4,132) -
Other charges (5,897) (26,407)
Total other expenses (2,385,287) (2,466,472)
  (411,482) 81,810
Extra ordinary / unusual items - -
(Loss) / profit before taxation (411,482) 81,810
Taxation - current (52,971) (39,717)
             - prior years - -
             - deferred 194,288 10,230
  141,317 (29,487)
(Loss) / profit after taxation (270,165) 52,323
(Loss) / earnings per share - basic / diluted (0.20) 0.04
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.