Financials - Half Yearly
Pakistan Kuwait Investment Company (Private) Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 51,417 60,901
Balances with other banks 12,926 9,690
Lendings to financial institutions 5,772,930 1,071,204
Investments 22,991,001 25,815,300
Advances 2,004,927 2,698,181
Fixed assets 197,246 204,172
Intangible assets 18,735 13,210
Deferred tax assets - -
Other assets 205,403 104,568
  31,254,585 29,977,226
Liabilities
Bills payable - -
Borrowings 1,393,366 1,371,474
Deposits and other accounts - 35,000
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities 1,590,362 1,462,940
Other liabilities 620,856 558,503
  3,604,584 3,427,917
Net assets 27,650,001 26,549,309
Represented by
Share capital 6,000,000 6,000,000
Reserves 8,193,002 8,193,002
Surplus on revaluation of assets - net 31,770 167,303
Unappropriated profit 13,425,229 12,189,004
  27,650,001 26,549,309

 Pakistan Kuwait Investment Company (Private) Limited
Profit and Loss Account
  For the six month ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Mark-up / return / interest earned 569,701 484,817
Mark-up / return / interest expensed 15,035 49,946
Net mark-up / interest income 554,666 434,871
Non mark-up / interest income
Fee and commission income 2,650 2,300
Dividend income 101,091 81,197
Foreign exchange income - -
Income / (loss) from derivatives - -
(Loss) / gain on securities (24,812) 127,697
Share in results of associates - net 2,110,460 1,466,437
Other income 2,860 119,283
Total non-mark-up / interest income 2,192,249 1,796,914
Total income 2,746,915 2,231,785
Non mark-up / interest expenses
Operating expenses 268,359 269,385
Worker welfare fund 41,969 37,642
Other charges 1,045 -
Total non-markup / interest expenses 311,373 307,027
Profit before provisions 2,435,542 1,924,758
Provision - net 337,099 42,632
Extra ordinary / unusual items - -
Profit before taxation 2,098,443 1,882,126
Taxation 415,940 388,393
Profit after Taxation 1,682,503 1,493,733
Basic and diluted earnings per share (on share of Rs.25,000 each) 7,010 6,224
Auditor(s):

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