Financials - Half Yearly
Sindh Microfinance Bank Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec  31, 2018
Assets
Cash and balances with SBP and NBP 5,785,331 13,416,112
Balances with other banks 765,747,517 255,910,462
Lendings to financial institutions - -
Investment - net of provisions 163,550,000 100,000,000
Advances - net of provisions 726,913,598 583,101,762
Operating fixed assets 53,931,154 14,345,797
Others assets 27,635,492 36,679,795
Deferred tax assets - net - -
Total assets 1,743,563,092 1,003,453,928
Liabilities
Deposits and other accounts 69,221,915 77,769,113
Borrowings 750,000,000 76,522,815
Subordinated debt - -
Other liabilities 62,164,335 11,175,708
Deferred tax liabilities - net 364,172 503,589
Total liabilities 881,750,422 165,971,225
Net assets 861,812,670 837,482,703
Represented by:
Share capital 750,000,000 750,000,000
Statutory and general reserves 22,362,532 17,496,539
Depositors' protection fund 5,590,633 4,374,135
Unappropriated profit 83,859,505 65,612,029
  861,812,670 837,482,703
Surplus / (deficit) on revaluation of assets - -
Deferred grants - -
Total equity 861,812,670 837,482,703

Sindh Microfinance Bank 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 143,173,615 95,717,097
Mark-up / return / interest expensed (20,101,734) (1,573,160)
Net mark-up / interest income 123,071,881 94,143,937
Provision against non-performing loans and advances (2,379,580) (1,535,683)
Provision for diminution in the value of investments - -
Bad debts written of directly (1,142,434) (594,138)
  (3,522,014) (2,129,821)
Net mark-up / interest income after provisions 119,549,867 92,014,116
Non mark-up / non interest income
Fee, commission and brokerage income - -
Dividend income - -
Other income - -
  - -
Total non mark-up / non interest income 119,549,867 92,014,116
Non mark-up / non interest expense
Administrative expenses (85,282,308) (69,322,907)
Other provision / write offs - -
Other charges - (796,500)
Total non mark-up / non interest expenses (85,282,308) (70,119,407)
Extra ordinary / unusual items - -
Profit before taxation 34,267,559 21,894,709
Taxation - current (10,077,029) (6,410,560)
             - prior - -
             - deferred 139,437 (226,437)
  (9,937,592) (6,636,997)
Profit after taxation 24,329,967 15,257,712
Unappropriated profit - brought forward 65,612,029 37,049,013
Profit available for appropriation 89,941,996 52,306,725
Transfer to    
      - statutory reserve 4,865,993 3,051,542
      - capital reserve - -
      - contribution to depositors' protection fund 1,216,498 762,886
      - revenue reserve - -
      - proposed dividend - -
Unappropriated profit - carried forward 83,859,505 48,492,297
Earnings per share 0.32 0.20
Auditor(s):

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