Financials -  Yearly
     
House Building Finance Company Limited
Balance Sheet 
  As at December 31, 2015  
 
Dec 31, 2015
Dec 31, 2014
Restated
Assets
Cash and balances with treasury banks 82,376 70,155
Balances with other banks 107,638 244,608
Lendings to financial institutions - 2,006,302
Investments - net 7,729,999 7,145,567
Advances - net 11,512,906 10,205,586
Opened fixed assets 373,236 406,599
Deferred tax assets - -
Other assets 876,296 504,725
  20,682,451 20,583,542
Liabilities
Bills payable - -
Borrowings 11,242,300 11,242,300
Deposits and other accounts - -
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 10,194,912 8,163,793
  21,437,212 19,406,093
Net assets (754,761) 1,177,449
Represented by
Share capital 3,001,000 3,001,000
Reserves 713,662 713,662
Accumulated loss (4,789,697) (2,881,315)
  (1,075,035) 833,347
Advance against issue of capital 218,143 218,143
Surplus / (deficit) on revaluation of assets 102,131 125,959
  (754,761) 1,177,449

 House Building Finance Company Limited
 Profit and Loss Account
  For the year ended December 31, 2015  
 
Dec 31, 2015
Dec 31, 2014
Restated
Rental / Mark-up / return / interest income 2,502,980 2,644,840
Rental / Mark-up / return / interest expensed (1,068,019) (1,073,546)
Rental / Net mark-up / interest income 1,434,961 1,571,294
Provision / reversal for non-performing advance - net (566,180) 174,278
Provision for diminution in value of investments - net 39,101 27,770
Provision reversed against impairment of investment in a associate 35,507 -
  (491,572) 202,048
Reconciliation adjustments (9,562) 266
Reversal due to relief package and reprocessing adjustments (22,402) (65,645)
  911,425 1,707,963
Non mark-up / interest income
Fee, commission and brokerage income - -
Dividend income - -
Income from dealing in foreign currency - -
Gain / (loss) on sale of securities 4,882 (119)
Unrealized gain / (loss) on revaluation of investment classified as held for trading - -
Other income 63,578 53,608
Total non mark-up / interest income 68,460 53,489
  979,885 1,761,452
Non mark-up / interest expense
Administrative expenses (1,703,525) (1,643,124)
Other provisions / write offs (7,536) 19
Other charges (7,303) (10,239)
Total non mark-up / interest expenses (1,718,364) (1,653,344)
  (738,479) 108,108
Extra ordinary / unusual items - -
Share of profit before taxation from associate 9,774 -
(Loss) Profit before allocation for state bank of pakistan share (728,705) 108,108
State bank of pakistan share of profit on credit lines - 47,842
(Loss) Profit before taxation (728,705) 155,950
Taxation (123,255) (152,666)
(Loss) profit after taxation (851,960) 3,284
Basic & diluted earning per share - Rupees (2.84) 0.01
Auditor(s):

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