Financials - Half Yearly
Saudi Pak Industrial & Agricultural Investment Company Limited
Balance Sheet
  As at June 30, 2019  
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 108,769,083 54,652,113
Balances with other banks 220,175,331 326,583,007
Lendings to financial institutions 400,000,000 2,818.407,389
Investments 13,403,122,821 4,159,039,630
Advances 7,839,436,875 7,865,329,442
Fixed assets 3,062,174,895 3,111,658,376
Intangible assets 4,959,627 5,762,311
Deferred tax assets - -
Other assets 1,305,751,116 849,153,274
  26,344,389,748 19,190,585,542
Liabilities
Bills payable - -
Borrowings 13,333,814,299 5,771,338,282
Deposits and other accounts 7,500,000 7,500,000
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities 161,617,876 272,361,026
Other liabilities 397,766,941 490,669,964
  13,900,699,116 6,541,869,272
Net assets 12,443,690,632 12,648,716,270
Represented by
Share capital 6,600,000,000 6,600,000,000
Statutory reserve 1,008,201,270 1,008,201,270
Revenue reserve 358,662,940 358,662,940
Surplus on revaluation of assets 1,661,510,852 1,838,548,018
Unappropriated / unremitted profit 2,815,315,570 2,843,304,042
  12,443,690,632 12,648,716,270

Saudi Pak Industrial & Agricultural Investment Company Limited
Profit and Loss Account
  For the six months ended June 30, 2019  
 
Jun 30, 2019
Jun 30, 2018
Mark-up / return / interest earned 921,204,041 493,438,040
Mark-up / return / interest expensed 527,827,621 207,999,186
Net mark-up / interest income 393,376,420 285.438,854
Non mark-up / interest income
Fee and commission income 5,182,164 5,041,163
Dividend income 79,681,769 73,583,738
Foreign exchange income 3,271,575 1,609,915
Income / (loss) from derivatives - -
(Loss) / gain on securities (32,395,834) 45,230,374
Other income 107,971,452 123,042,830
Total non-mark-up / interest income 163,711,126 248,508,020
Total Income 557,087,546 533,946,874
Non mark-up / interest expenses
Operating expenses 210,414,914 191,364,056
Workers Welfare Fund - -
Other charges - -
Total non-mark-up / interest expenses 210,414,914 191,364,056
Profit before provision 346,672,632 342,582,818
Provisions and write offs - net 227,407,254 (6,189,029)
Extra ordinary / unusual items - -
Profit before taxation 119,265,378 348,771,847
Taxation 17,514,646 171,517,112
Profit after taxation 101,750,732 177,254,735
Basic earnings per share 0.154 0.269
Diluted earnings per share 0.154 0.269
Auditor(s):

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