Financials -  Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2015 (Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with SBP and NBP 622,106 484,308
Balances with other banks / NBFIs / MFBs 1,045,644 747,842
Lending to financial institutions - -
Investments - net of provisions 4,029,765 4,273,049
Advances - net of provisions 5,525,612 4,416,691
Operating fixed assets 382,967 205,717
Other assets 533,557 486,891
Deferred tax asset 47,686 60,232
Total assets 12,187,337 10,674,730
Liabilities
Deposits and other accounts 9,661,088 8,749,901
Borrowing 645,576 289,880
Subordinated debt - -
Other liabilities 336,267 397,810
Deferred tax liabilities - -
Total liabilities 10,642,931 9,437,591
Net assets 1,544,406 1,237,139
Represented by
Share capital 1,351,501 1,351,501
Statutory and general reserves 126,317 63,974
Depositors protection fund 36,716 19,588
Accumulated profit / (loss) 1,081 (226,929)
  1,515,615 1,208,134
Surplus on revaluation of assets 26,015 24,745
Deferred grants 2,776 4,260
Total capital 1,544,406 1,237,139

The First MicroFinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2015 (Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Markup / return / interest earned 1,972,947 1,655,588
Markup / return / interest expensed (595,485) (590,199)
Net markup / interest income 1,377,462 1,065,389
Provision against non-performing loans and advances (96,968) (142,455)
Recovery against written off advances 24,146 32,483
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (72,822) (109,972)
Net markup / interest income after provisions 1,304,640 955,417
Non mark-up / non interest income
Fee, commission and brokerage income 123,898 107,680
Dividend income - -
Amortization of deferred grant 1,762 2,290
Other income 6,812 14,311
Total non-markup / non interest income 132,472 124.301
  1,437,112 1,079,718
Non mark-up / non interest expenses
Administrative expenses (1,050,301) (976,722)
Grant related expenses (1,762) (2,290)
Other provisions / write offs - -
Other charges (40) (527)
Total non-markup / non interest expenses (1,052,103) (979,539)
  385,009 100,179
Extra ordinary / unusual items - -
Profit before taxation 385,009 100,179
Taxation - current (60,748) (17,777)
             - prior years - 3,695
             - deferred (12,546) 23,314
  (73,294) 9,232
Profit after taxation 311,715 109,411
Accumulated loss brought forward (223,972) (304,868)
Profit / (loss) before appropriation 87,743 (195,457)
Appropriations - Transfer to:
Statutory reserve (62,343) (21,882)
Capital reserve - -
Contribution to depositors protection fund: 5% of Profit after tax (15,586) (5,471)
Interest on Investment  (1,542) (1,162)
Revenue reserve - -
Dividend - -
  (79,471) (28,515)
Accumulated Profit / (loss) carried forward 8,272 (223,972)
Earning per share (Rupees) 2.31 0.81
Auditor(s):

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