Financials - Half Yearly
House Building Finance Company
 Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 40,640 34,387
Balances with other banks 494,593 412,020
Lendings to financial institutions 1,450,285 4,206,891
Investments 8,498,488 4,010,448
Advances 11,768,039 11,681,180
Fixed assets 344,394 312,517
Intangible assets 1,221 1,503
Deferred tax assets - -
Other assets 410,169 218,934
  23,007,829 20,877,881
Liabilities
Bills payable - -
Borrowings 2,000,000 -
Deposits and other accounts - -
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities - -
Other liabilities 3,585,530 3,972,657
  5,585,530 3,972,657
Net assets 17,422,299 16,905,224
Represented by
Share capital 19,365,000 19,365,000
Reserves 1,349,466 1,246,974
Deficit on revaluation of investments (16,231) (20,845)
Accumulated losses (3,275,936) (3,685,905)
  17,422,299 16,905,224

House Building Finance Company
Profit and Loss Account
  For the six months ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Mark-up / return / profit / interest earned 1,356,613 1,068,581
Mark-up / return / profit / interest expensed (45,239) -
Net mark-up / interest income 1,311,374 1,068,581
Non mark-up / interest income
Fee and commission income - -
Dividend income 336 336
Foreign exchange income - -
Income / (loss) from derivatives - -
Loss on securities (2,899) (484)
Other income 80,580 39,140
Total non-markup / interest income 78,017 38,992
Total income 1,389,391 1,107,573
Not mark-up / interest expense
Operating expenses (753,855) (671,878)
Workers Welfare Fund (13,233) (8,392)
Other charges - -
Total non mark-up / interest expenses (767,088) (680,270)
Profit before provisions 622,303 427,303
Reversal of provision and write offs - net 36,792 136,918
Relief package and reprocessing charges (12,482) (47,047)
Share of profit from associate - (6,259)
Profit before taxation 646,613 510,915
Taxation (134,152) (89,344)
Profit after taxation 512,461 421,571
Earnings per share - basic and diluted (Rupees) 0.26 0.22
Auditor(s):

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