Financials - Half Yearly
PAIR Investment Company Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 50,808 73,144
Balances with other banks 148,395 60.653
Lendings to financial institutions 100,000 105,000
Investments 10,191,342 11,259,928
Advances 6,132,969 6,223,926
Fixed assets 244,114 193,031
Intangible assets 450 211
Deferred tax assets 386,072 346,484
Other assets 395,858 263,060
  17,650,008 18,525,437
Liabilities
Bills payable - -
Borrowings 7,242,455 7,915,859
Deposits and other accounts 848,940 1,221,724
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities - -
Other liabilities 442,354 278,164
  8,533,749 9,415,747
Net assets 9,116,259 9,109,690
Represented by
Share capital 6,000,000 6,000,000
Reserves 851,794 840,066
Surplus / (deficit) on revaluation of assets (123,771) (71,701)
Unappropriated profit 2,388,236 2,341,325
  9,116,259 9,109,690

PAIR Investment Company 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 810,530 328,067
Mark-up / return / interest expensed 405,194 207,407
Net mark-up / interest income 405,336 120,660
Non mark-up / interest income
Fees and commission income 4,396 3,447
Dividend income 23,145 11,137
Foreign exchange income 639 331
Income / (loss) from derivatives - -
(Loss) / gain on sale of securities (6,301) 60,162
Other income - -
Total non mark-up / interest income 21,879 75,077
Total income 427,215 195,737
Non mark-up / interest expenses
Operating expenses 171,420 137,071
Workers welfare fund 2,500 2,501
Other charges - -
Total non mark-up / interest expenses 173,920 139,572
Profit before provisions 253,295 56,165
Provisions and write offs - net 152,862 185,860
Profit / (loss) before taxation 100,433 (129,695)
Taxation 41,794 25,606
Profit / (loss) after taxation 58,639 (155,301)
Basic and diluted earnings / (loss) per share - (Rupees) 0.10 (0.26)
Auditor(s):

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