Financials - Half Yearly
Silkbank Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 15,707,095 8,871,567
Balances with other banks 652,911 309,994
Lendings of financial institutions 17,703,581 12,612,156
Investments 9,189,125 28,924,993
Advances 106,274,918 98,354,002
Fixed assets 3,945,892 3,921,271
Intangible assets 230,815 226,840
Deferred tax assets 2,908,998 3,058,647
Other assets 23,631,779 20,231,529
  180,245,109 176,570,999
Liabilities
Bills payable 1,649,866 2,866,568
Borrowings 4,304,468 18,051,854
Deposits and other accounts 148,276,430 132,664,084
Liabilities against assets subject to finance lease 390 2,663
Subordinated debt 1,999,400 1,999,600
Deferred tax liabilities - -
Other liabilities 9,457,201 6,599,483
  165,687,755 162,184,252
Net assets 14,557,354 14,386,747
Represented by
Share capital 23,431,374 23,431,374
Reserves 820,890 820,890
Deficit on revaluation of assets - net of tax (26,633) (68,207)
Accumulated loss (9,688,277) (9,797,310)
  14,557,354 14,386,747

Silkbank 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 / profit / interest earned 9,549,836 7,085,853
Mark-up / return / profit / interest expensed (6,076,277) (3,772,746)
Net mark-up / return / profit / interest income 3,473,559 3,313,107
Non mark-up / interest income
Fee and commission income 1,057,416 899,930
Dividend income 3,425 -
Foreign exchange (loss) / income (741,342) 144,633
Income / (loss) from derivatives 1,028,583 (10,771)
(Loss) / gain on securities (39,908) (17,367)
Other income 47,254 720,898
Total non-markup / interest income 1,353,428 1,737,323
Total income 4,826,987 5,050,430
Non mark-up / interest expenses
Operating expenses (3,838,901) (3,294,786)
Workers welfare fund (5,186) (21,921)
Other charges (125,092) (4,553)
Total non-mark-up / interest expenses (3,969,179) (3,321,260)
Profit before provision, extra ordinary / unusual item and taxation 857,808 1,729,170
Provision and write offs - net (603,680) (655,951)
Extra-ordinary / unusual items - -
Profit before taxation 254,128 1,073,219
Taxation (137,297) (327,309)
Profit after taxation 116,831 745,910
Basic and diluted earnings per share 0.01 0.08
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.