Financials - Half Yearly
Saudi Pak Industrial & Agricultural Investment Company Limited
Balance Sheet
  As at June 30, 2018  
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 66,695,943 40,303,180
Balances with other banks 585,932,771 123,073,428
Lendings to financial institutions 850,894,856 -
Investments 4,618,809,002 9,468,147,212
Advances 7,899,211,708 8,457,894,406
Operating fixed assets 2,483,341,272 2,518,447,287
Deferred tax assets - -
Other assets 761,759,054 1,558,819,473
  17,266,644,606 22,166,684,986
Liabilities
Bills payable - -
Borrowings from financial institutions 4,656,409,784 9,076,845,649
Deposits and other accounts 7,500,000 7,500,000
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 70,246,638 651,353,904
Other liabilities 249,230,869 225,559,300
  4,983,387,291 9,961,258,853
Net assets 12,283,257,315 12,205,426,133
Represented by
Share capital 6,600,000,000 6,600,000,000
Reserves fund 926,690,686 926,690,686
General reserve 358,662,940 358,662,940
Unappropriated profit 2,827,241,373 2,746,287,226
  10,712,594,999 10,631,640,852
Surplus / (deficit) on revaluation of assets - net of tax 1,570,662,316 1,573,785,281
  12,283,257,315 12,205,426,133

Saudi Pak Industrial & Agricultural Investment Company Limited
Profit and Loss Account
  For the six months ended June 30, 2018  
 
Jun 30, 2018
Jun 30, 2017
Mark-up / return / interest earned 493,438,040 612,231,654
Mark-up / return / interest expensed 207,999,186 240,647,521
Net mark-up / interest income 285,438,854 371,584,133
Provision / (reversal) against non-performing loans and advances - net 80,707,360 12,342,341
(Reversal) / provision for diminution in the value of investments - net (86,896,389) (102,613,132)
Bad debts written off directly - -
  (6,189,029) (90,270,791)
Net mark-up / interest income after provisions 291,627,883 461,854,924
Non mark-up / interest income
Fee, commission and brokerage income 5,041,163 19,850,730
Dividend income 73,583,738 85,627,444
Gain on sale of securities - net 45,230,374 98,700,656
Unrealized gain / (loss) on revaluation of held for trading investment - net - (4,001,950)
Gain from dealing in foreign currencies 1,609,915 2,185
Other income 116,279,203 71,282,840
Total non mark-up / interest income 241,744,393 271,461,905
  533,372,276 733,316,829
Non mark-up / interest expenses
Administrative expenses 184,600,429 157,032,865
Other provisions  / write offs - -
Other Charges - -
Total non mark-up / interest expenses 184,600,429 157,032,865
  348,771,847 576,283,964
Extra ordinary / unusual items - -
Profit before taxation 348,771,847 576,283,964
Taxation - current 132,685,726 129,226,134
             - prior years 602,254,976 34,788,138
             - deferred (563,423,590) (18,104,188)
  171,517,112 145,910,086
Profit after taxation 177,254,735 430,373,878
Earning per share - basic and diluted (Rupees) 0.269 0.652
Auditor(s):

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