Financials - Half Yearly
Silkbank Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 12,084,642 8,413,176
Balances with other banks 271,227 218,420
Lendings of financial institutions 2,473,678 8,620,649
Investments - net 30,167,025 38,266,735
Advances - net 93,554,133 85,850,715
Operating fixed assets 4,278,750 4,176,746
Deferred tax assets - net 3,211,598 3,476,129
Other assets 15,847,507 17,831,962
  161,888,560 166,854,532
Liabilities
Bills payable 1,835,199 3,192,981
Borrowings 15,743,749 35,582,000
Deposits and other accounts 125,363,204 110,277,807
Sub-ordinated loans 1,999,800 2,000,000
Liabilities against assets subject to finance lease 4,825 6,880
Deferred tax liabilities - -
Other liabilities 3,050,416 2,613,518
  147,997,193 153,673,186
Net assets 13,891,367 13,181,346
Represented by
Share capital 90,818,612 90,818,612
Discount on issue of right shares (67,387,238) (67,387,238)
Reserves 554,903 554,903
Accumulated loss (10,100,724) (10,857,654)
  13,885,553 13,128,623
Surplus on revaluation of assets - net of deferred tax 5,814 52,723
  13,891,367 13,181,346

Silkbank 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 7,085,853 5,158,004
Mark-up / return / interest expensed (3,772,746) (2,555,596)
Net mark-up / interest income 3,313,107 2,602,408
Provision against non-performing loans and advances - net (specific) (679,192) (262,079)
Provision against small enterprise and consumer financing - net (general) (65,398) (27,766)
Recovery against written off loans 89,460 39,355
Impairment in the value of investments - (22,723)
Bad debts written off directly - -
  (655,130) (273,213)
Net mark-up / interest income after provisions 2,657,977 2,329,195
Non mark-up / interest income
Fee, commission and brokerage income 899,930 684,521
Dividend income - 22,244
Income from dealing in foreign currencies 120,817 72,075
(Loss) / gain on sale of securities - net (17,771) 48,437
Unrealized gain / (loss) on revaluation of investment - held for trading - net 404 (652)
Other income 733,943 492,576
Total non-markup / interest income 1,737,323 1,319,201
  4,395,300 3,648,396
Non mark-up / interest expenses
Administrative expenses (3,255,173) (2,971,107)
Other (provisions) / reversals / (write off) - net (821) (2,597)
Other charges (66,087) (60,936)
Total non-mark-up / interest expenses (3,322,081) (3,034,640)
  1,073,219 613,756
Extra-ordinary / unusual items - -
Profit before taxation 1,073,219 613,756
Taxation - current (38,181) -
             - prior - -
             - deferred (289,128) (135,496)
  (327,309) (135,496)
Profit after taxation 745,910 478,260
Earnings per share - basic and diluted 0.08 0.05
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.