Financials -  Yearly
MCB Islamic Bank Limited
Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
June 30, 2015
Assets
Cash and balances with treasury banks 56,880 -
Balances with other banks 8,150,590 10,000,000
Due from financial institutions - -
Investments - net 624,159 -
Islamic financing and related assets - net 972,634 -
Operating fixed assets 170,119 -
Deferred tax assets - net 9,388 -
Other assets - net 124,121 -
  10,107,891 10,000,000
Liabilities
Bills payable - -
Due to financial institutions - -
Deposits and other accounts 37,669 -
Sub-ordinated loan - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 85,939 37,693
  123,608 37,693
Net assets 9,984,283 9,962,307
Represented by
Share capital 10,000,000 10,000,000
Reserves 9,517 -
Unappropriated profit 373 (37,693)
  10,009,890 9,962,307
Deficit on revaluation of assets - net of tax (25,607) -
  9,984,283 9,962,307

MCB Islamic Bank Limited
Profit and Loss Account
  For the year ended December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2015
Jun 30, 2015
Profit / return earned on financings, investments and placements 154,648 -
Return on deposits and other dues expensed 58 -
Net spread earned 154,590 -
Provision for diminution in the value of investments - net - -
Provision against non-performing islamic financing and related assets - net - -
Bad debts written off directly - -
  - -
Net spread after provisions 154,590 -
Other income
Fee, commission and brokerage income 223 -
Dividend income 7,512 -
Income from dealing in foreign currencies 20 -
Gain on sale of investments - net 3,731 -
Unrealized gain / (loss) on revaluation of investments classified as held for trading - -
Other income - -
Total other income 11,486 -
  166,076 -
Other expenses
Administrative expenses 112,111 37,693
Other provision / (reversal) - net - -
Other charges 1,058 -
Total other expenses 113,169 37,693
Extra ordinary / unusual item - -
Profit / (loss) before taxation 52,907 (37,693)
Taxation - current 14,117 -
             - prior years (13,193) -
             - deferred 4,400 -
  5,324 -
Profit / (loss) after taxation 47,583 (37,693)
Accumulated (loss) / unappropriated profit brought forward (37,693) -
Profit available for appropriation 9,890 (37,693)
Basic and diluted earnings - after tax Rupees per share 0.05 (0.04)
Auditor(s):

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