Financials -  Yearly
MCB Islamic Bank Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 10,235,212 6,990,369
Balances with other banks 1,496,498 1,422,701
Due from financial institutions 5,086,664 4,675,000
Investments - net 18,035,907 12,713,954
Islamic financing and related assets - net 59,802,594 62,907,204
Fixed assets 5,343,922 2,619,980
Intangible assets 564,879 524,791
Deferred tax assets - net 997,898 751,065
Other assets - net 5,326,587 2,258,686
  106,890,161 94,863,750
Liabilities
Bills payable 1,091,032 1,303,992
Due to financial institutions 5,718,579 7,800,628
Deposits and other accounts 83,205,434 73,307,185
Liabilities against assets subject to finance lease - -
Sub-ordinated loans - -
Deferred tax liabilities - net - -
Other liabilities 7,136,491 2,382,431
  97,151,536 84,794,236
Net assets 9,738,625 10,069,514
Represented by
Share capital 11,200,000 11,200,000
Reserves 26,444 26,444
Surplus on revaluation of assets - net of tax 77,329 132,272
Accumulated loss (1,565,148) (1,289,202)
  9,738,625 10,069,514

MCB Islamic Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Profit / return earned 4,368,617 1,578,157
Profit / return expensed 2,634,746 910,477
Net spread earned 1,733,871 667,680
Other income
Fee and commission income 141,152 53,193
Dividend income 44,007 41,519
Foreign exchange income 59,089 78,721
(Loss) / gain on securities - net (43,077) 15,668
Other income 9,402 5,116
Total other income 210,573 194,217
Total income 1,944,444 861,897
Other expenses
Operating expenses 2,219,887 1,176,083
Workers welfare fund - -
Other charges 43 -
Total other expenses 2,219,930 1,176,083
Profit / (loss) before provisions (275,486) (314,186)
Provisions and other write offs - net 149,669 253,306
Extra ordinary / unusual item - -
Loss before taxation (425,155) (567,492)
Taxation (148,787) (197,135)
Loss after taxation (276,368) (370,357)
Basic and diluted earnings / (loss) per share - after tax (Rupees) (0.247) (0.337)
Auditor(s):

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