Financials -  Yearly
MCB Islamic Bank Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 5,869,195 3,390,753
Balances with other banks 515,985 2,703,251
Due from financial institutions - 1,400,000
Investments - net 12,468,619 9,186,213
Islamic financing and related assets - net 52,978,941 31,472,935
Operating fixed assets 2,993,010 2,622,993
Deferred tax assets - net 454,863 289,465
Other assets - net 1,044,334 633,515
  76,324,947 51,699,125
Liabilities
Bills payable 1,542,483 314,210
Due to financial institutions 11,199,402 7,926,790
Deposits and other accounts 51,637,534 32,690,808
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 1,385,021 1,136,538
  65,764,440 42,068,346
Net assets 10,560,507 9,630,779
Represented by
Share capital 11,200,000 10,000,000
Reserves 26,444 26,444
Accumulated loss (564,000) (194,065)
  10,662,444 9,832,379
Deficit on revaluation of assets - net of tax (101,937) (201,600)
  10,560,507 9,630,779

MCB Islamic Bank 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 1,578,157 818,067
Profit / return expensed 910,477 370,094
Net spread earned 667,680 447,973
Provision / (reversal of rrovision) against non-performing islamic financing and related assets - net 5,669 (341)
Provision for diminution in the value of investments - net 247,540 -
Bad debts written off directly - -
  353,209 (341)
Net spread after provisions 414,471 448,314
Other income
Fee, commission and brokerage income 53,193 22,576
Dividend income 41,519 34,084
Income from dealing in foreign currencies 78,721 13,299
Gain on sale of securities - net 15,668 299,611
Unrealized gain / (loss) on revaluation of investments classified as held for trading - net - -
Other income 5,116 5,467
Total other income 194,217 375,037
  608,688 823,351
Other expenses
Administrative expenses 1,176,083 777,374
Other Provision - net 97 -
Other charges - 909
Total other expenses 1,176,180 778,283
Extra ordinary / unusual item - -
(Loss) / profit before taxation (567,492) 45,068
Taxation - current (22,155) (14,914)
             - prior periods - -
             - deferred 219,290 (436)
  197,135 (15,350)
(Loss) / profit after taxation (370,357) 29,718
Basic / diluted (loss) / earnings per share (Rupees) (0.337) 0.030
Auditor(s):

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