Financials - Half Yearly
 Pakistan Kuwait Investment Company (Private) Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 59,957 61,148
Balances with other banks 5,984 18,730
Lendings to financial institutions 71,944 2,476,726
Investments 25,959,169 22,922,841
Advances 2,519,690 3,166,570
Operating fixed assets 217,556 196,533
Deferred tax assets - -
Other assets 232,626 286,616
  29,066,926 29,129,164
Liabilities
Bills payable - -
Borrowings 1,471,785 2,562,007
Deposits and other accounts 2,500 2,500
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 1,395,314 1,283,926
Other liabilities 625,110 473,321
  3,494,709 4,321,754
Net assets 25,572,217 24,807,410
Represented by
Share capital 6,000,000 6,000,000
Reserves 7,431,389 7,431,389
Unappropriated profit 11,673,852 10,696,759
  25,105,241 24,128,148
Surplus on revaluation of 'available-for-sale' securities - net of tax 466,976 679,262
  25,572,217 24,807,410

 Pakistan Kuwait Investment Company (Private) Limited
Profit and Loss Account
  For the six month ended June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Jun 30, 2017
Mark-up / return / interest earned 484,817 373,174
Mark-up / return / interest expensed 49,946 52,103
Net mark-up / interest income 434,871 321,071
Reversal of provision against non-performing loans and advances - net (12,618) (265,934)
Provision for diminution / impairment in the value of investments 29,762 44,326
Bad debts written off directly - -
  17,144 (221,608)
Net mark-up / interest income after provisions 417,727 542,679
Non mark-up / interest income
Fee, commission and brokerage income 2,300 627
Dividend income 81,197 117,532
Income from dealing in foreign currencies - -
(Loss) / gain on sale of securities 127,257 88,786
Unrealized (loss) / gain on revaluation of 'held-for-trading' securities 440 (1,460)
Share in results of associates - net 1,466,437 1,142,959
Other income 119,283 13,523
Total non mark-up / interest income 1,796,914 1,361,967
Non mark-up / interest expenses
Administrative expenses 307,027 229,735
Provision on other assets 25,488 -
Other charges - -
Total non mark-up / interest expenses 332,515 229,735
Extra ordinary / unusual items - -
Profit before taxation 1,882,126 1,674,911
Taxation - current 255,715 191,778
             - prior years - -
             - deferred 132,678 377,002
  388,393 568,780
Profit after taxation 1,493,733 1,106,131
Basic and diluted earning per share (on share Rs.25,000 each) 6,224 4,609
Auditor(s):

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