Financials - Half Yearly
Pak Oman Investment Company 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 169,257 170,000
Balances with other banks 1,479,409 2,043,137
Lendings to financial institutions 6,236,023 2,038,288
Investments - net 25,842,108 40,403,976
Advances - net 22,261,967 18,790,501
Operating fixed assets 339,626 355,214
Deferred tax assets - net 436,353 510,857
Other assets 1,081,631 908,649
  57,846,374 65,220,622
Liabilities
Bills payable - -
Borrowings 38,453,611 45,158,690
Deposits and other accounts 10,450,694 10,501,149
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 1,167 1,346
Deferred tax liabilities - -
Other liabilities 1,123,039 1,528,228
  50,028,511 57,189,413
Net assets 7,817,863 8,031,209
Represented by
Share capital 6,150,000 6,150,000
Reserves 1,116,378 1,071,761
Unappropriated profit 486,505 737,744
  7,752,883 7,959,505
Non controlling intrest 8,382 8,142
  7,761,265 7,967,647
Surplus on revaluation of assets - net defferred tax 56,598 63,562
  7,817,863 8,031,209

Pak Oman Investment Company Limited
Consolidated 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 1,552,794 1,827,581
Mark-up / return / interest expensed 1,156,451 1,400,770
Net mark-up / interest income 396,343 426,811
(Reversal) of provision against non-performing advances (207,216) (91,495)
(Reversal) / provision for diminution in the value of investments (9,242) 334
Bad debts written off directly - -
  (216,458) (91,161)
Net mark-up / interest income after provisions 612,801 517,972
Non mark-up / interest income
Fee, commission and brokerage income 94,597 61,158
Dividend income 1,539 17,850
Income from dealing in foreign currency - -
Gain on sale of securities 21,780 170,901
Unrealised gain / (loss) on revaluation of investments classified as 'held-for-trading' securities 4,333 (10,746)
Other income 23,743 930
Total non-markup / interest income 145,992 240,093
  758,793 758,065
Non mark-up / interest expenses
Administrative expenses 334,886 308,548
Other write offs / provisions - -
Other charges 18,219 26,374
Total non-markup / interest expenses 353,105 334,922
  405,688 423,143
Share of profit / (loss) from associates - net of tax 11,888 (6,474)
Extra ordinary / unusual items - -
Profit before taxation 417,576 416,669
Taxation - current 87,780 162,061
             - prior 27,884 38,904
             - deferred 79,274 (17,575)
  194,938 183,390
Profit after taxation 222,638 233,279
Profit attributable to:
Shareholders of the holding company 222,398 233,996
Non-controlling interest 240 (717)
  222,638 233,279
Basic and diluted earnings per share (Rupee) 0.36 0.38
Auditor(s):

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