Financials - Half Yearly
Meezan Bank Limited
Consolidated Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 96,338,559 65,022,412
Balances with other banks 13,230,745 8,277,146
Due from financial institutions - net 131,254,232 184,814,600
Investments - net 220,506,572 127,115,376
Islamic financing and related assets - net 483,894,177 512,564,522
Fixed assets 19,776,136 13,228,398
Intangible assets 647,959 644,956
Deferred tax assets 1,911,866 868,024
Other assets - net 40,379,148 29,215,973
  1,007,939,394 941,751,407
Liabilities
Bills payable 19,568,699 23,750,543
Due to financial institutions 33,259,583 36,407,811
Deposits and other accounts 841,769,248 785,444,592
Sub-ordinated sukuk 14,000,000 14,000,000
Deferred tax liabilities - -
Other liabilities 52,519,973 38,571,522
  961,117,503 898,174,468
Net assets 46,821,891 43,576,939
Represented by
Share capital 12,861,116 11,691,924
Reserves 16,585,914 15,185,565
Unappropriated profit 16,632,318 15,738,899
Deficit on revaluation of assets - net of tax (306,525) (45,883)
  45,772,823 42,570,505
Non-controlling interest 1,049,068 1,006,434
  46,821,891 43,576,939

Meezan Bank Limited
Consolidated Profit and Loss Account
  For the six months ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Profit / return earned on Islamic financing and related assets, investments and placements 40,011,089 21,124,766
Profit on deposits and other dues expensed 19,255,013 8,719,085
Net spread earned 20,756,076 12,405,681
Other Income
Fee and commission income 3,856,279 3,360,422
Dividend income 108,193 108,248
Foreign exchange income 1,074,466 791,304
Gain / (loss) on securities - net (141,029) (43,778)
Unrealised gain / (loss) on held for trading investments - (774)
Other income 221,978 170,686
  5,119,887 4,386,108
Total income 25,875,963 16,791,789
Other Expenses
Operating expenses 11,677,102 9,431,143
Workers' welfare fund  344,685 169,337
Other charges 2,155 805
Total other expenses 12,023,942 9,601,285
  13,852,021 7,190,504
Share of results of associates before taxation (300,731) 146,213
Profit before provisions 13,551,290 7,336,717
Provisions / (reversals) and write offs - net 1,052,237 105,834
Extraordinary / unusual items - -
Profit before taxation 12,499,053 7,230,883
Taxation 5,495,046 2,942,220
Profit after taxation 7,004,007 4,288,663
Attributable to:
Shareholders of the Holding company 6,964,554 4,146,510
Non - controlling interest 39,453 142,153
  7,004,007 4,288,663
Basic and diluted earnings per share (Rupees)
5.42
Restated
3.22
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.