Financials - Half Yearly
Pak Oman 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 319,308 122,604
Balances with other banks 1,513,119 2,275,589
Lendings to financial institutions 7,714,640 5,434,296
Investments 47,312,217 28,433,357
Advances 20,866,710 20,480,702
Fixed assets 222,203 95,732
Intangible assets 203 437
Deferred tax assets 420,430 439,439
Other assets 1,276,776 828,316
  79,645,606 58,110,472
Liabilities
Bills payable - -
Borrowings 63,839,747 39,961,645
Deposits and other accounts 6,870,301 9,010,490
Liabilities against assets subject to finance lease 805 992
Subordinated debt - -
Deferred tax liabilities - -
Other liabilities 1,003,437 994,407
  71,714,290 49,967,534
Net assets 7,931,316 8,142,938
Represented by
Share capital 6,150,000 6,150,000
Reserves 1,210,475 1,164,643
Surplus on revaluation of assets 27,922 39,425
Unappropriated profit 542,919 788,870
  7,931,316 8,142,938

Pak Oman 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 2,707,687 1,542,160
Mark-up / return / interest expensed 2,219,233 1,143.063
Net mark-up / interest income 488,454 399,097
Non mark-up / interest income
Fee and commission income 33,169 46,068
Dividend income 27,314 19,845
Foreign exchange income - -
Income / (loss) from derivatives - -
Gain on securities 19,827 24,406
Other income 684 19,043
Total non-markup / interest income 80,994 109,362
Total Income 569,448 508,459
Non mark-up / interest expenses
Operating expenses 284,947 292,437
Workers welfare fund 3,565 5,500
Other charges 11,974 12,719
Total non-markup / interest expenses 300,486 310,656
Profit before provisions 268,962 197,803
(Provisions)/reversals and write offs - net 28,431 216,458
Extra ordinary / unusual items - -
Profit before taxation 297,393 414,261
Taxation (68,234) (191,177)
Profit after taxation 229,159 223,084
Basic and diluted earnings per share 0.37 0.36
Auditor(s):

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