Financials - Half Yearly
Sindh Bank 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 9,093,768 9,680,631
Balances with other banks 2,402,196 3,442,989
Lendings to financial institutions - 5,331,327
Investments - net 104,510,802 113,509,902
Advances - net 71,170,429 65,051,730
Operating fixed assets 1,604,177 1,663,440
Deferred tax assets 2,020,742 1,611,539
Others assets 4,223,504 4,233,506
  195,025,618 204,525,064
Liabilities
Bills payable 1,395,268 905,423
Borrowings 52,930,182 50,971,174
Deposits and other accounts 122,220,299 134,204,090
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 2,489,412 2,327,166
  179,035,161 188,407,853
Net assets 15,990,457 16,117,211
Represented by
Share capital 10,010,130 10,010,130
Reserves 1,570,795 1,464,329
Unappropriated profit 5,634,923 5,212,873
  17,215,848 16,687,332
Deficit on revaluation of investments - net of related deferred tax (1,225,391) (570,121)
  15,990,457 16,117,211

Sindh Bank 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 6,903,774 5,346,177
Mark-up / return / interest expensed 3,803,708 2,816,586
Net mark-up / profit / interest income 3,100,066 2,529,591
Provision against non-performing loans and advances 54,384 69,940
Provision against consumer & small enterprise advances 2,237 1,440
Provision for diminution in the value of investments 123,276 -
Bad debts written of directly 594 90
  180,491 71,470
Net mark-up / return /interest income after provisions 2,919,575 2,458,121
Non mark-up / interest income
Fee, commission and brokerage income 168,354 205,087
Dividend income 38,215 84,136
Income from dealing in foreign currencies 12,867 44,930
Gain on sale / redemption of securities 2,929 699,129
Unrealized gain on revaluation of investments classified as held - for - trading - -
Other income 6,395 7,756
Total non mark-up / interest income 228,760 1,086,038
  3,148,335 3,544,159
Non mark-up / interest expenses
Administrative expenses 2,211,966 2,131,161
Other charges 38,443 68
Total non mark-up / interest expenses 2,250,409 2,131,229
  897,926 1,412,930
Extraordinary / unusual items - -
Profit before taxation 897,926 1,412,930
Taxation - current 425,777 520,992
             - prior year - 160,336
             - deferred (56,367) (28,974)
  369,410 652,354
Profit after taxation 528,516 760,576
Basic and diluted earnings per share (Rupees) 0.53 0.76
Auditor(s):

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