Financials - Half Yearly
Pakistan Mortgage Refinance Company Limited
Statement of Financial Position
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 62,952 653
Balances with other banks 7,042,976 504,566
Lendings to financial institutions 360,000 912,000
Investments 1,978,850 1,009,632
Advances 7,171,195 1,200,000
Operating fixed assets 80,765 45,067
Intangible assets 9,982 11,112
Deferred tax assets - -
Other assets 168,063 66,648
  16,874,783 3,749,678
Liabilities
Bills payable - -
Borrowings 5,646,292 -
Deposits and other accounts - -
Liabilities against assets subject to finance lease - -
Subordinated debt 7,050,716 -
Deferred tax liabilities - -
Other liabilities 209,455 36,588
  12,906,463 36,588
Net assets 3,968,320 3,713,090
Represented by
Share capital 3,658,506 3,658,506
Reserves 62,380 11,007
Surplus/ (Deficit) on revaluation of assets (1,638) -
Unappropriated profit 249,072 43,577
  3,968,320 3,713,090

Pakistan Mortgage Refinance 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 / profit earned 479,504 75,633
Mark-up / return / interest expensed 83,451 -
Net mark-up / interest income 396,053 75,633
Non Mark-Up / Interest Income
Fees and commission income - -
Dividend income - -
Foreign exchange income - -
Income / (loss) from derivatives - -
Gain on securities 6 -
Other income - -
Total non-markup / interest income 6 -
Total income 396,059 75,633
Non mark-up / interest expenses
Operating expenses 132,790 64,843
Workers welfare fund 6,401 -
Other charges - -
Total non-markup / interest expenses 139,191 64,843
Profit before provisions 256,868 10,790
Provisions and write off - net - -
Profit before taxation 256,868 10,790
Taxation - (1,721)
Profit after taxation 256,868 9,069
Basic and diluted earnings per share 0.70 0.07
Auditor(s):

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