Financials - Half Yearly
Advans Pakistan Microfinance Bank Limited
Balance Sheet
 

As at June 30, 2019

 
 

Jun 30, 2019

Dec 31, 2018

Assets

Cash and balances with State Bank of Pakistan and National Bank of Pakistan

79,333,374 101,998,500

Balances with other banks and microfinance banks

98,581,821

28,246,980

Lendings to financial institutions

-

-

Investments - net of provisions

51,697,337

-

Advances - net of provisions

1,213,438,914 978,030,637

Operating fixed assets

193,247,885 97,994,443

Other assets

65,746,237 64,913,943

Deferred tax assets - net

31,411,111 25,416,095
Total assets 1,733,456,679 1,296,600,598

Liabilities

Deposits and other accounts

700,942,753 552,310,868

Borrowings

300,000,000 100,000,000

Subordinated debt

-

-

Other liabilities

101,312,120 132,807,144

Lease liability

86,204,472

 

Deferred tax liabilities

-

-

Total liabilities

1,188,459,345 785,118,012

Net assets

544,997,334 511 ,482,586

Represented by

Share capital

1,290,163,100 1,290,163,100

Reserves

-

-

Accumulated losses

(745,880,435) (779,829,667)
  544,282,665 510,333,433

Surplus (deficit) on revaluation of assets

-

-

Deferred grant

714,669 1,149,153
  544,997,334 511,482,586

 
Advans Pakistan Microfinance Bank Limited
Profit and Loss Account
 

For the six months ended June 30, 2019

 
 

Jun 30, 2019

Jun 30, 2018

Mark-up / return / interest earned 243,238,224 144,967,618
Mark-up / return / interest expensed (55,988,714) (24,873,626)
Net mark-up / interest income 187,249,510 120,093,992
Provision against non-performing loans and advances - net 28,338,012 12,506,471
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  28,338,012 12,506,471
Net mark-up/ return / interest income after provisions 158,911,498 107,587,521

Non mark-up / non interest income

Fee, commission and brokerage income 35,058,468 20,045,541
Dividend income -

-

Unrealised loss on revaluation of investments classified as held for trading - net

(47,143)

-

Other income 77,487,069 4,714,176
Total non-mark-up / non-interest income 112,498,394 24,759,717
  271,409,892 132,347,238
Non mark-up / non interest expenses
Administrative expenses 236,987,262 188,196,956
Other provision / write offs -

-

Other operating expenses / Other charges 1,306,346 3,788,626
Total non-markup / non interest expenses 238,293,608 191,985,582
Extra ordinary / unusual items -

-

Profit / (Loss) before taxation 33,116,284 (59,638,344)

Taxation - current

5,162,068 2,798,245
             - prior - -
             - deferred (5,995,016)

-

  (832,948)

2,798,245

Profit / (Loss) after taxation

33,949,232 (62,436,589)
Accumulated loss brought forward (779,829,667) (665,620,870)
  (745,880,435) (728,057,459)
Appropriations
Transfer to:    
   Statutory reserve -

-

   Capital reserve -

-

   Depositors' protection fund -

-

   Revenue reserve -

-

   Proposed cash dividend -

-

Accumulated loss carried forward (745,880,435) (728,057,459)
Profit / (loss) per share - basic and diluted (Rupee) 0.26 (0.48)
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.