Financials - Half Yearly
Meezan Bank Limited
Consolidated Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 63,710,069 64,556,409
Balances with other banks 6,237,739 4,940,090
Due from financial institutions - net 202,994,353 147,229,221
Investments - net 124,481,830 123,160,901
Islamic financing and related assets - net 405,487,719 419,929,149
Operating fixed assets 13,075,400 11,994,586
Deferred tax assets 287,494 -
Other assets - net 16,084,412 14,156,973
  832,359,016 785,967,329
Liabilities
Bills payable 12,712,506 11,168,093
Due to financial institutions 42,258,467 36,813,295
Deposits and other accounts 707,282,896 673,180,310
Sub-ordinated sukuk 7,000,000 7,000,000
Deferred tax liabilities - 230,787
Other liabilities 22,277,321 19,165,271
  791,531,190 747,557,756
Net assets 40,827,826 38,409,573
Represented by
Share capital 10,629,022 10,629,022
Reserves 14,218,384 13,393,125
Unappropriated profit 14,550,784 12,563,156
  39,398,190 36,585,303
Non-controlling interest 1,007,439 1,007,975
  40,405,629 37,593,278
Surplus on revaluation of investments (including amount relating to share of profit from associates) - net of tax 422,197 816,295
  40,827,826 38,409,573

Meezan Bank Limited
Consolidated 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 20,977,338 16,948,720
Profit on deposits and other dues expensed 8,494,396 7,232,298
Net spread earned 12,482,942 9,716,422
(Reversal of provision) / provision against non-performing Islamic financing and related assets - net 112,564 (21,366)
Provision against diminution in the value of investments 10,536 128,581
Provision against off-balance sheet obligations 1,820 -
Bad debts written off directly - -
  124,920 107,215
Net spread after provisions 12,358,022 9,609,207
Other Income
Fee, commission and brokerage income 3,360,422 3,083,322
Dividend income 108,248 90,871
Income from dealing in foreign currencies 714,043 445,811
Capital (loss) / gain on sale of investments - net (43,778) 843,307
Unrealised gain / (loss) on held for trading investments (774) -
Other income 180,247 210,143
Total other income 4,318,408 4,673,454
  16,676,430 14,282,661
Other Expenses
Administrative expenses 9,431,143 8,405,635
Other reversals (9,525) (8,323)
Other charges 805 10,268
Workers welfare fund  169,337 147,025
Total other expenses 9,591,760 8,554,605
  7,084,670 5,728,056
Share of results of associates before taxation 146,213 (206,887)
  7,230,883 5,521,169
Extraordinary / unusual items - -
Profit before taxation 7,230,883 5,521,169
Taxation - current 3,248,295 2,436,481
             - prior years - 391,525
             - deferred (306,075) (436,954)
  2,942,220 2,391,052
Profit after taxation 4,288,663 3,130,117
Attributable to:
Shareholders of the Holding company 4,146,510 3,010,215
Non - controlling interest 142,153 119,902
  4,288,663 3,130,117
Basic and diluted earnings per share (Rupees) 3.90 2.92
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.