Financials - Half Yearly
FINCA Microfinance Bank Limited
Balance Sheet
  As at June 30, 2019
 
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with SBP and NBP 2,127,296,599 1,639,249,051
Balances with other banks/NBFIs/MFBs 412,550,313 2,489,461,972
Lendings to financial institutions - -
Investments - net of provisions 7,845,246,736 3,827,477,298
Advances - net of provisions 21,714,407,409 20,580,529,143
Operating fixed assets 3,348,513,854 1,748,345,423
Other assets 2,920,949,334 1,970,560,758
Deferred tax asset 65,227,154 24,136,895
Total assets 38,434,191,399 32,279,760,540
Liabilities
Deposits and other accounts 24,851,900,669 23,741,811,865
Borrowings 5,908,144,371 3,318,500,544
Subordinated debt - -
Other liabilities 3,247,645,595 1,187,059,280
Total liabilities 34,007,690,635 28,247,371,689
Net assets 4,426,500,764 4,032,388,851
Represented by
Share capital 6,348,887,110 6,348,887,110
Discount on issue of shares (4,089,040,293) (4,089,040,293)
Statutory reserve 634,770,967 557,278,327
Depositors protection fund 178,673,053 150,988,407
Unappropriated profit 1,352,460,471 1,061,863,072
  4,425,751,308 4,029,976,623
Surplus on revaluation of fixed assets - -
Deferred grants 749,456 2,412,228
Total capital 4,426,500,764 4,032,388,851

FINCA Microfinance Bank Limited
Balance Sheet
  For the six months ended June 30, 2019
 
 
Jun 30, 2019
Jun 30, 2018
Mark-up / return / interest earned 4,045,840,016 3,018,387,016
Mark-up / return / interest expensed (1,267,994,144) (830,813,929)
Net mark-up / interest income 2,777,845,872 2,187,573,087
Provision against non-performing loans and advances (411,451,867) (167,438,522)
Provision for diminution in value of investments - -
Bad debts written off directly (4,541,777) (9,002,555)
  (415,993,644) (176,441,077)
Net mark-up / interest income after provisions 2,361,852,228 2,011,132,010
Non mark-up / non interest income
Fee, commission and brokerage income 366,977,441 287,681,814
Dividend income - -
Other income 73,101,366 46,805,118
Total non mark-up / non interest income 440,078,807 334,486,932
  2,801,931,035 2,345,618,942
Non mark-up / non interest expenses
Administrative expenses (2,044,785,127) (1,600,576,641)
Other charges (17,188,297) (19,228,597)
Total non mark-up / non interest expenses (2,061,973,424) (1,619,805,238)
Profit before taxation 739,957,611 725,813,704
Taxation  - current year (337,669,991) (277,422,276)
              - prior years (55,914,680) -
              - deferred 41,090,259 12,690,191
  (352,494,412) (264,732,085)
Profit after taxation 387,463,199 461,081,619
Other comprehensive income for the period    
Item that will not be reclassified subsequently to profit and loss account - net of tax - -
Total comprehensive income for the period 387,463,199 461,081,619
Unappropriated profit brought forward 1,061,863,072 552,799,227
Profit available for appropriation 1,449,326,271 1,013,880,846
  Appropriations:
Transfer to:    
  Statutory reserve (77,492,640) (92,216,324)
  Capital reserve - -
  Dividend - -
  Contribution to depositors' protection fund (19,373,160) (23,054,081)
  Revenue reserve - -
  (96,865,800) (115,270,405)
Unappropriated profit carried forward 1,352,460,471 898,610,441
Earnings per share 0.61 0.73
Auditor(s):

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