Financials - Half Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with SBP and NBP 1,382,500 1,204,886
Balances with other Banks/NBFIs/MFBs 3,100,836 2,638,550
Investments - Net of Provisions 4,555,919 5,934,139
Advances - Net of Provisions 18,798,168 14,394,668
Operating fixed assets 909,645 724,983
Other assets 1,607,228 1,001,745
Deferred tax asset 60,483 41,717
Total assets 30,414,779 25,940,688
Liabilities
Deposits and other accounts 24,754,146 20,887,192
Borrowings - -
Other liabilities 686,452 547,947
Deferred tax liabilities - -
Total liabilities 25,440,598 21,435,139
Net assets 4,974,181 4,505,549
Represented by
Issued, subscribed and paid-up capital 2,730,811 2,730,811

Share premium account

620,690

620,690

Statutory & general reserves

420,541

326,723

Depositors' protection fund

118,480

92,696

Accumulated profit

1,084,832

735,345

  4,975,354 4,506,265
Deficit on revaluation of assets (1,173) (716)
Deferred grants - -
Total capital 4,974,181 4,505,549

The First MicroFinance Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Jun 30, 2017
Mark-up / return / interest earned 2,725,791 1,613,740
Mark-up / return / interest expensed (730,327) (337,076)
Net mark-up / interest income 1,995,464 1,276,664
Provision against non-performing loans and advances (116,560) (49,158)
Recovery against written off advances 11,016 12,155
  (105,544) (37,003)
Net mark-up / interest income after provisions 1,889,920 1,239,661
Non mark-up / non interest income
Fee, commission and brokerage income 215,784 117,777
Amortization of deferred grant - 548
Other income 3,290 11,500
Total non mark-up / non interest income 219,074 129,825
Non mark-up / non interest expenses
Administrative expenses (1,398,772) (887,174)
Grant related expenses - (548)
Loss on remeasurement of investments - -
Other charges - (10)
Total non-mark-up / non interest expenses (1,398,772) (887,732)
Profit before taxation 710,222 481,754
Taxation - current (247,808) (172,965)
             - prior year (12,091) -
             - deferred 18,766 5,101
  (241,133) (167,864)
Profit after taxation 469,089 313,890
Accumulated profit brought forward 735,345 231,578
Profit before appropriations 1,204,434 545,468
Appropriations - transfers to
Statutory reserve (93,818) (62,778)
Contribution to depositors' protection fund: 5% of profit after tax (23,454) (15,695)
Interest on investment (2,330) (1,486)
  (119,602) (79,959)
Accumulated profit carried forward 1,084,832 465,509
Earnings per share (Rupee) 1.72 1.15
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.