Financials - Half Yearly
Telenor Microfinance Bank Limited
 Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 4,897,904 4,210,306
Balances with other banks 5,318,891 3,864,399
Lendings to financial institutions 7,100,000 5,473,364
Investments 6,613,432 9,008,445
Advances- net of provisions 32,067,869 32,944,819
Operating fixed assets 4,427,484 3,001,351
Other assets 4,603,330 3,963,292
Deferred tax asset - net - -
Total assets 65,028,910 62,465,976
Liabilities
Deposits and other accounts 45,204,482 42,274,909
Borrowings - -
Subordinated debt - -
Other liabilities 9,966,888 6,369,572
Deferred tax liabilities - net 105,443 153,066
Total liabilities 55,276,813 48,797,547
Net assets 9,752,097 13,668,429
Represented by:
Share capital 3,547,269 3,547,269
Reserves 10,427,900 10,412,953
Accumulated loss (4,277,567) (345,238)
  9,697,602 13,614,984
Deficit on revaluation of assets - net of deferred tax (1,309) (2,359)
Deferred grants 55,804 55,804
  9,752,097 13,668,429

Telenor 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 5,347,209 3,963,702
Mark-up / return / interest expensed (1,781,539) (1,176,531)
Net mark-up / return / interest income 3,565,670 2,787,171
Provision against non-performing loans and advances (1,672,594) (223,626)
Provision for diminution in the value of investments - -
Bad debts written off directly (22,239) (12,369)
  (1,694,833) (235,995)
Net mark-up / return / interest income after provisions 1,870,837 2,551,176
Non mark-up / Non interest income
Fee, commission and brokerage income 4,050,769 4,198,190
Dividend income - -
Other income 118,689 79,613
Total non mark-up / non-interest income 4,169,458 4,277,803
  6,040,295 6,828,979
Non mark-up / Non interest expenses
Administrative expenses (9,792,878) (6,951,382)
Other provisions / write-offs (66,441) (163,046)
Other charges (5) (7,851)
Total non-mark-up / non-interest expenses (9,859,324) (7,122,279)
  (3,819,029) (293,300)
Extraordinary / unusual items - -
Loss before taxation (3,819,029) (293,300)
Taxation - current (145,976) (113,242)
             - prior - (24,200)
             - deferred 47,623 101,427
  (98,353) (36,015)
Loss after taxation (3,917,382) (329,315)
Basic and diluted loss per share - Rupees (11.04) (1.59)
Auditor(s):

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