Financials - Half Yearly
The First 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 2,554,236 2,186,701
Balances with other Banks/NBFIs/MFBs 4,921,496 6,036,912
Lending to financial institutions - -
Investments - net of provisions 2,677,344 2,807,140
Advances - net of provisions 28,103,099 23,554,444
Operating fixed assets 2,667,154 1,187,584
Other assets 2,428,345 1,789,379
Deferred tax asset 120,526 63,120
Total assets 43,472,200 37,625,280
Liabilities
Deposits and other accounts 35,202,963 31,129,077
Borrowings - -
Subordinated debt - -
Other liabilities 2,300,493 992,876
Deferred tax liabilities - -
Total liabilities 37,503,456 32,121,953
Net assets 5,968,744 5,503,327
Represented by:
Issued, subscribed and paid-up capital 2,730,811 2,730,811

Share premium

620,690

620,690

Reserves

798,521

675,629

Unappropriated profit

1,821,659

1,477,604

  5,971,681 5,504,734
(Deficit) on revaluation of assets (2,937) (1,407)
Deferred grants - -
Total capital 5,968,744 5,503,327

The First 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 3,970,962 2,725,791
Mark-up / return / interest expensed (1,417,795) (730,327)
Net mark-up / interest income 2,553,167 1,995,464
Provision against non-performing loans and advances (267,541) (116,560)
Recovery against written off advances 17,979 11,016
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (249,562) (105,544)
Net mark-up / interest income after provisions 2,303,605 1,889,920
Non mark-up / non interest income
Fee, commission and brokerage income 347,797 215,784
Dividend income - -
Other income 419 3,290
Total non mark-up / non interest income 348,216 219,074
Non mark-up / non interest expenses
Administrative expenses (1,995,473) (1,398,772)
Other provisions/ write offs - -
Other charges - -
Total non-mark-up / non interest expenses (1,995,473) (1,398,772)
  656,348 710,222
Extra ordinary/ unusual items - -
Profit before taxation 656,348 710,222
Taxation - current (246,807) (247,808)
             - prior year - (12,091)
             - deferred 57,406 18,766
  (189,401) (241,133)
Profit after taxation 466,947 469,089
Unappropriated profit brought forward 1,477,604 735,345
Profit available for appropriations 1,944,551 1,204,434
Appropriations:
Transfer to: (93,389) (93,818)
    Statutory reserve (93,389) (93,818)
    Contribution to depositors' protection fund:    
       - 5% of profit after tax (23,347) (23,454)
       - Interest on investment (6,156) (2,330)
    Revenue reserve - -
    Proposed cash dividend Rs. nil share (2018: Rs. nil per share) - -
    Others - -
  (122,892) (119,602)
Unappropriated profit carried forward 1,821,659 1,084,832
Earnings per share (Rupee) 1.71 1.72
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.