Financials - Half Yearly
SME Bank Limited
Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 565,013 435,791
Balances with other banks 12,639 11,321
Lendings to financial institutions - -
Investments 7,639,495 6,911,314
Advances 2,345,348 2,505,509
Operating fixed assets 66,855 64,251
Deferred tax assets - net 507,525 465,198
Other assets 587,357 601,710
  11,724,232 10,995,094
Liabilities
Bills payable 57,796 92,554
Borrowings 5,789,488 5,308,315
Deposits and other accounts 6,084,449 5,343,655
Sub-ordinated loans - -
Liability against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 692,059 684,915
  12,623,792 11,429,439
Net assets (899,560) (434,345)
Represented by
Share capital 2,392,507 2,392,507
Reserves 206,526 206,526
Unappropriated loss (3,378,287) (3,005,398)
  (779,254) (406,365)
Deficit on revaluation of assets - net of tax (120,306) (27,980)
  (899,560) (434,345)

SME Bank Limited
Profit and Loss Account
  For the six month ended June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Jun 30, 2017
Mark-up / return / interest earned 359,000 295,201
Mark-up / return / interest expensed 315,747 235,668
Net mark-up / interest income 43,253 59,533
Provision against non-performing loans advances - net (12,053) (3,676)
Charge / (reversal) for diminution in the value of investments 47,747 70
Bad debts written off directly - -
  35,694 (3,606)
Net mark-up / interest income after provisions 7,559 63,139
Non mark-up / interest income
Fee, commission and brokerage income 5,022 5,353
Dividend income 1 -
Income from dealing in foreign currencies - -
Gain on sale of securities 1,606 9,077
Unrealized gain on revaluation of investments classified as held for trading - -
Other income 801 615
Total non mark-up / interest income 7,430 15,045
  14,989 78,184
Non mark-up / interest expenses
Administrative expenses 427,195 412,769
Other provisions / write offs (1,454) 1,891
Other charges - -
Total non mark-up / interest expenses 425,741 414,660
Loss before taxation (410,752) (336,476)
Taxation - current 4,755 3,171
             - prior - (198,095)
             - deferred (42,618) (114,508)
  (37,863) (309,432)
Loss after taxation (372,889) (27,044)
Basic / diluted profit / (loss) per share (Rupees) (1.56) (0.11)
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.