Financials - Half Yearly
Khushhali Microfinance Bank Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with SBP and NBP 2,701,119 1,792,737
Balances with other banks/NBFIs/MFBs 6,868,410 7,498,358
Lending to financial institutions - 1,837,749
Investments 6,791,772 8,915,710
Advances - net of provisions 47,807,901 43,500,531
Operating fixed assets 3,858,405 1,353,528
Other assets 5,948,784 5,311,313
Deferred tax assets 369,381 262,025
Total assets 74,345,772 70,471,951
Liabilities
Deposits 56,713,890 56,017,988
Borrowings 2,162,114 2,964,872
Subordinated debt 1,000,000 1,000,000
Other liabilities 5,512,115 2,289,641
Total liabilities 65,388,119 62,272,501
Net assets 8,957,653 8,199,450
Represented by:
Share capital 1,705,000 1,705,000
Statutory reserve 1,756,799 1,693,035
Capital Reserve 24,255 24,255
Unappropriated profit 5,476,920 4,776,212
  8,962,974 8,198,502
Surplus / (deficit) on revaluation of assets (5,321) (235)
Deferred grants - 1,183
Total capital 8,957,653 8,199,450

Khushhali Microfinance Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Mark-up/ return/ interest earned 7,234,269 5,577,344
Mark-up/ return/ interest expensed 2,978,188 2,226,900
Net mark-up/ interest income 4,256,081 3,350,444
Provision against non-performing loans and advances 604,108 351,969
Bad debts written off directly 3,970 23,278
  608,078 375,247
Net mark-up/ interest income after provisions 3,648,003 2,975,197
Non mark-up / non interest income
Fee, commission and brokerage income 754,630 691,679
Other income 55,533 49,691
Total non-markup / non interest income 810,163 741,370
  4,458,166 3,716,567
Non mark-up / non interest expense
Administrative expenses 2,845,403 2,245,205
Other provisions 1,096 7,773
Other charges 11,759 6,548
Total non-markup / interest expenses 2,858,258 2,253,526
Profit before taxation 1,599,908 1,463,041
Taxation - current 429,946 452,157
             - prior years - 40,881
             - deferred (105,316) (30,858)
  324,630 462,180
Profit after taxation 1,275,278 1,000,861
Unappropriated profit brought forward 4,776,212 3,423,732
Less: other comprehensive loss transferred to equity - (2,055)
Profit available for appropriations 6,051,490 4,422,538
Appropriations - Transfers to
Statutory reserve 63,764 200,172
Microfinance social development fund 127,528 100,086
Depositors' protection fund 63,764 50,043
Risk mitigation fund 63,764 50,043
Final / Interim dividend 255,750 90,365
  574,570 490,709
Unappropriated profit carried forward 5,476,920 3,931,829
Earnings per share -  basic and diluted 5.98 4.70
Auditor(s):

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