Financials -  Yearly
Meezan Bank Limited
Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with treasury banks 43,685,636 29,728,764
Balances with other banks 11,175,060 5,501,077
Due from financial institutions 170,474,422 90,766,297
Investments - net 76,909,951 114,089,252
Islamic financings and related assets - net 207,568,823 175,711,942
Operating fixed assets 8,056,743 6,273,239
Deferred tax assets - 815,464
Other assets - net 13,979,299 14,624,233
  531,849,934 437,510,268
Liabilities
Bills payable 6,560,324 5,619,826
Due to financial institutions 13,609,551 15,465,418
Deposits and other accounts 471,820,959 380,421,569
Sub-ordinated loans - -
Liabilities against assets subject to finance leases - -
Deferred tax liabilities 393,121 -
Other liabilities 13,118,869 12,113,125
  505,502,824 413,619,938
Net assets 26,347,110 23,890,330
Represented by
Share capital 10,027,379 10,027,379
Reserves 8,587,363 7,288,754
Unappropriated profit 6,942,042 5,958,587
  25,556,784 23,274,720
Surplus on revaluation of investments - net of tax 790,326 615,610
  26,347,110 23,890,330

Meezan Bank Limited
Profit and Loss Account
  For the year ended December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Profit / return earned on islamic financings, investments and placements 33,113,741 28,803,059
Profit on deposits and other dues expensed 14,897,149 15,440,250
Net spread earned 18,216,592 13,362,809
Provision against non-performing islamic financing and related assets - net 425,908 545,764
Provision / (reversal of provision) against diminution in the value of investments 121,093 (83,857)
Provision against off balance sheet obligations 16,173 4,897
Reversal of provision against amounts due from financial institutions - (300)
Bad debts written off directly - -
  563,174 466,504
Net spread after provisions 17,653,418 12,896,305
Other income
Fee, commission and brokerage income 1,987,212 1,569,327
Dividend income 628,661 283,633
Income from dealing in foreign currencies 1,471,337 1,626,363
Capital gain on sale of investments - net 342,136 1,148,499
Other income 167,374 127,062
Total other income 4,596,720 4,754,884
  22,250,138 17,651,189
Other expenses
Administrative expenses 13,560,648 10,459,934
Other provisions 59,152 96,288
Other charges 4,067 49,433
Workers Welfare Fund 175,018 147,000
Total other expenses 13,798,885 10,752,655
  8,451,253 6,898,534
Extraordinary / unusual items - -
Profit before taxation 8,451,253 6,898,534
Taxation - current 2,394,558 2,223,292
             - prior years 459,143 -
             - deferred 575,043 105,156
  3,428,744 2,328,448
Profit after taxation 5,022,509 4,570,086
Basic and diluted earnings per share 5.01 4.56
Auditor(s):

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