Financials - Half Yearly
U Microfinance Bank Limited
Balance Sheet
  As at June 30, 2019  
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with SBP and NBP 1,362,221,889 1,457,386,758
Balances with other Banks/ NBFIs/ MFBs 9,476,543,375 11,027,311,074
Lending to financial institutions - -
Investment - net of provisions 1,988,157,018 1,967,824,071
Advances - net of provisions 18,919,507,258 17,019,838,156
Operating fixed assets 3,005,508,265 754,499,905
Other assets 3,326,670,705 2,523,062,846
Deferred tax asset 65,829,463 41,654,400
Total assets 38,144,437,973 34,791,577,210
Liabilities
Deposits and other accounts 20,080,703,548 20,534,770,395
Borrowings 7,380,000,000 6,010,000,000
Subordinated debt 4,599,520,000 4,599,640,000
Other liabilities 3,013,752,080 838,664,403
Deferred tax liabilities - -
Total liabilities 35,073,975,628 31,983,074,798
Net assets 3,070,462,345 2,808,502,412
Represented by
Share capital 2,285,714,290 2,285,714,290
Discount on issue of share capital (25,714,290) (25,714,290)
Statutory and general reserves 178,914,625 178,914,625
Depositors' protection fund 44,728,656 44,728,656
Unappropriated profit 588,239,063 324,888,330
Share capital 3,071,882,344 2,808,531,611
Surplus / (Deficit) on revaluation of assets (1,419,999) (29,199)
Deferred grants - -
Total capital 3,070,462,345 2,808,502,412

U 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 3,431,076,506 1,964,775,164
Mark-up / return / interest expensed (1,781,223,981) (727,194,785)
Net mark-up / interest income 1,649,852,525 1,237,580,379
Provision against non-performing loans and advances (291,499,411) (86,637,120)
Provision for diminution in the value of investments - -
Bad debts written off directly - -
Net mark-up / interest income after provisions 1,358,353,114 1,150,943,259
Non mark-up / non interest income
Fee, commission and brokerage income 358,716,093 269,862,838
Dividend income - -
Other income 4,763,157 6,885,552
Total non mark-up / non interest income 363,479,250 276,748,390
  1,721,832,364 1,427,691,649
Non mark-up / non interest expenses
Administrative expenses (1,370,300,925) (1,019,276,304)
Other provisions / write offs - -
Other charges - -
Total non mark-up / non interest income (1,370,300,925) (1,019,276,304)
Extra ordinary / unusual items - -
Profit before taxation 351,531,439 408,415,345
Worker welfare fund (WWF) (7,031,815) 8,168,307
  344,499,624 400,247,038
Taxation
Current (103,230,771) (131,101,624)
Prior years (1,513,184) 496
Deferred 23,595,064 13,278,238
  (81,148,891) (117,822,890)
Profit after taxation 263,350,733 282,424,148
Unappropriated profit brought forward 324,888,330 32,149,466
Less: other comprehensive income - -
Profit available for appropriation 588,239,063 314,573,614
Appropriations:
Transfer to:
Statutory reserve - -
Capital reserve - -
Contribution to MSDF / DPF / RMF - -
Revenue reserve - -
Proposed cash dividend Rs.____ per share - -
Unappropriated profit carried forward 588,239,063 314,573,614
Earning per share 1.15 1.34
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.