Financials - Half Yearly
Pak Oman Microfinance Bank Limited
Balance Sheet
  As at June 30, 2019
 
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and banks balances with SBP and NBP 3,254,257 3,751,514
Balances with other banks 2,627,924,846 491,355,790
Lendings to financial institutions - -
Investments - net of provisions 220,269,360 630,621,534
Advances - net of provision 1,489,292,639 1,208,640,993
Operating fixed assets 95,233,472 52,318,751
Other assets 97,899,361 79,961,693
Deferred tax assets 28,380,270 22,897,238
Total Assets 4,562,254,205 2,489,547,513
Liabilities
Deposits and other accounts 6,790,326 6,784,301
Borrowings 1,982,284,483 -
Subordinated - -
Other liabilities 171,505,965 116,426,732
Deferred tax liabilities - net - -
  2,160,580,774 123,211,033
Net assets 2,401,673,431 2,366,336,480
Represented by:
Share capital 2,308,300,000 2,308,300,000
Share premium 52,041,600 52,041,600
Statutory and general reserves 33,387,996 26,320,606
Depositor's protection fund 8,640,081 6,873,233
Accumulated losses (696,246) (27,198,959)
  2,401,673,431 2,366,336,480
Surplus on revaluation of assets - net deferred tax - -
  2,401,673,431 2,366,336,480

Pak Oman Microfinance Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2019
 
 
Jun 30, 2019
Jun 30, 2018
Mark-up / return / interest earned 314,015,184 189,458,821
Mark-up / return / interest expensed (3,306,615) (43,409)
Net mark-up / return / interest income 310,708,569 189,415,412
Provision against non-performing loans and advances 94,149,389 27,902,646
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  94,149,389 27,902,646
Net mark-up / return / interest income after provisions 216,559,180 161,512,766
Non mark-up / non interest income
Fee, commission and brokerage income 35,913,419 21,153,844
Dividend income 3,047,188 -
Other income 1,321,190 4,911,812
Total non-mark-up / non-interest income 40,281,797 26,065,656
  256,840,977 187,578,422
Non mark-up / non interest expenses
Administrative expenses 214,651,913 150,739,155
Other provisions / write offs - -
Other charges - -
Total non-mark-up / non-interest expenses 214,651,913 150,739,155
  42,189,064 36,839,267
Extraordinary / unusual items - -
Profit before taxation 42,189,064 36,839,267
Taxation - current 12,335,141 10,638,693
             - prior years - -
             - Deferred (5,483,028) -
  6,852,113 10,638,693
Profit after taxation 35,336,951 26,200,574
Basic and diluted earnings per share (Rupee) 0.15 0.11
Auditor(s):

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