Financials - Half Yearly
PAIR Investment Company Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 31,921 37,870
Balances with other banks 42,498 91,727
Lendings to financial institutions 550,000 970,000
Investments 10,684,446 11,044,299
Advances 4,699,013 4,652,932
Fixed assets 195,971 198,003
Deferred tax assets 239,162 260,554
Other assets 382,592 430,280
  16,825,603 17,685,665
Liabilities
Bills payable - -
Borrowings 6,586,121 6,370,738
Deposits and other accounts 924,814 1,814,001
Liabilities against assets subject to finance lease - -
Sub-ordinated loans - -
Deferred tax liabilities - net - -
Other liabilities 185,256 245,594
  7,698,191 8,430,333
Net assets 9,129,412 9,255,332
Represented by
Share capital 6,000,000 6,000,000
Reserves 840,066 840,066
Unappropriated / unremitted profit 2,269,581 2,452,552
  9,109,647 9,292,618
Surplus / (deficit) on revaluation of assets 19,765 (37,286)
  9,129,412 9,255,332

PAIR Investment Company 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 328,067 567,150
Mark-up / return / interest expensed 207,407 230,147
Net mark-up / interest income 120,660 337,003
Provision against non-performing loans and advances - net 46,221 30,211
Provision / (reversal) for diminution in the value of investments 67,309 3,245
Bad debts written-off directly - -
  (113,530) (33,456)
Net mark-up / interest income after provisions 7,130 303,547
Non mark-up / interest income
Fees, commission and brokerage income 3,447 4,938
Dividend income 11,137 10,777
Income from dealing in foreign currencies 331 (720)
Gain on sale / redemption of securities - net 61,885 68,764
Gain on sale of fixed assets - -
Unrealised (loss) / gain on revaluation of investments classified as held for trading securities (1,723) 840
Other income - -
Total non mark-up / interest income 75,077 84,599
Non mark-up / interest expenses
Administrative expenses 139,572 176,063
Other write offs / provisions - -
Other charges - -
Total non mark-up / interest expenses 139,572 176,063
Extra-ordinary / unusual items - -
(Loss) / profit before taxation (57,365) 212,083
Taxation - current 15,783 73,113
             - prior year - -
             - deferred 9,823 (6,709)
  25,606 66,404
(Loss) / profit after taxation (82,971) 145,679
Basic and diluted earnings per share - (Rupees) (0.14) 0.24
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.