Financials - Half Yearly
Sindh Microfinance Bank Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec  31, 2017
Assets
Cash and balances with SBP and NBP 5,091,664 1,005,398
Balances with other banks 352,166,961 423,921,212
Lendings to financial institutions - -
Investment - net of provisions - -
Advances - net of provisions 486,809,013 338,388,828
Operating fixed assets 12,156,674 9,012,416
Others assets 38,826,521 31,577,415
Deferred tax assets - net - -
Total assets 895,050,833 803,905,269
Liabilities
Deposits and other accounts 463,229 1,373,112
Borrowings 76,687,815 -
Subordinated debt - -
Other liabilities 2,613,425 2,729,942
Deferred tax liabilities - net 629,970 403,533
Total liabilities 80,394,439 4,506,587
Net assets 814,656,394 799,398,682
Represented by
Share capital 750,000,000 750,000,000
Statutory and general reserves 12,931,277 9,879,735
Depositors' protection fund 3,232,820 2,469,934
Unappropriated profit 48,492,297 37,049,013
  814,656,394 799,398,682
Surplus / (deficit) on revaluation of assets - -
Deferred grants - -
Total Equity 814,636,394 799,398,682

Sindh Microfinance Bank 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 95,717,097 49,724,676
Mark-up / return / interest expensed (1,573,160) -
Net mark-up / interest income 94,143,937 49,724,676
Provision against non-performing loans and advances (1,535,683) (1,147,253)
Provision for diminution in the value of investments - -
Bad debts written of directly (594,138) (89,873)
  (2,129,821) (1,237,126)
Net mark-up / interest income after provisions 92,014,116 48,487,550
Non mark-up / non interest income
Fee, commission and brokerage income - -
Dividend income - -
Other income - -
  - -
Total non mark-up / non interest income 92,014,116 48,487,550
Non mark-up / non interest expense
Administrative expenses (69,322,907) (35,970,954)
Other provision / write offs - -
Other charges (796,500) -
Total non mark-up / non interest expenses (70,119,407) (35,970,954)
Extraordinary / unusual items - -
Profit before taxation 21,894,709 12,516,596
     
Taxation - current (6,410,560) (4,458,047)
             - prior - -
             - deferred (226,437) 76,749
  (6,636,997) (4,381,298)
Profit after taxation 15,257,712 8,135,298
Unappropriated profit - brought forward 37,049,013 20,755,006
Profit available for appropriation 52,306,725 28,890,304
Appropriations
Transfer to    
             - statutory reserve 3,051,542 1,627,060
             - capital reserve - -
             - contribution to depositors' protection fund 762,886 406,765
             - revenue reserve - -
             - proposed dividend - -
Unappropriated profit - carried forward 48,492,297 26,856,479
Earnings per share 0.20 0.11
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.