Financials - Half Yearly
Industrial and Commercial Bank of China Limited
Pakistan Branches
Balance Sheet
 

As at June 30, 2018

(Rupees in ' 000)
 

Jun 30, 2018

Dec 31, 2017

Assets

Cash and balances with treasury banks

17,498,510

15,585,904

Balances with other banks

1,411,779

1,461,579

Lendings to financial institutions

154,934,782

118,285,067

Investments

197,662,076

235,089,040

Advances

17,447,943

8,164,082

Operating fixed assets

568,020

581,047

Deferred tax assets

8,175

633

Other assets

11,162,589

12,034,886

 

400,693,874

391,202,238

Liabilities

Bills payable

4,907,821

4,573,858

Borrowings from financial institutions

301,191,559

303,724,827

Deposits and other accounts

66,924,452

57,698,198

Sub-ordinated loans

-

-

Liabilities against assets subject to finance lease

-

-

Deferred tax liabilities

-

-

Other liabilities

7,262,126

8,365,292

 

380,285,958

374,362,175

Net assets

20,407,916

16,840,063

Represented by

Head office capital account

10,460,666

9,506,699

Unremitted profit

9,997,025

7,365,414

  20,457,691 16,872,113

Deficit on revaluation of investments - net of tax

(49,775)

(32,050)

  20,407,916 16,840,063

 
Industrial and Commercial Bank of China Limited
Pakistan Branches
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 10,867,892 8,032,614
Mark-up / return / interest expensed (6,795,463) (4,825,164)
Net mark-up / return / interest income 4,072,429 3,207,450
Provision against non-performing loans and advances (93,777) -
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (93,777)  
Net mark-up / interest income after provisions 3,978,652 3,207,450

Non mark-up / interest income

Fee, commission and brokerage income 553,040

383,552

Dividend income -

-

Income / (loss) from dealing in foreign currencies 484,587 (196,197)
Income / (loss) on sale of securities -

-

Unrealized gain / (loss) on revaluation of investments - -
Other income - 244
Total non-markup / interest income 1,037,627 187,599
  5,016,279 3,395,049
Non mark-up / interest expenses
Administrative expenses (584,537)

(488,162)

Other provision / write - offs -

-

Other charges -

-

Total non-markup / interest expenses (584,537) (488,162)
  4,431,742 2,906,887
Extra ordinary / unusual items - -
Profit before taxation 4,431,742 2,906,887

Taxation - current

1,798,128

1,021,234

             - prior years - 90,959
             - deferred 2,003 (3,580)
  1,800,131 1,108,613
Profit after taxation 2,631,611 1,798,274
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.