Financials -  Yearly
Pak Oman Investment Company Limited
Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with treasury banks 93,725 99,912
Balances with other banks 1,586,956 269,173
Lendings to financial institutions 362,824 614,177
Investments 14,073,356 12,179,521
Advances 9,993,263 9,070,314
Operating fixed assets 82,316 68,669
Deferred tax assets 379,314 380,028
Other assets 622,875 683,829
  27,194,629 23,365,623
Liabilities
Bills payable - -
Borrowings 14,479,440 8,868,730
Deposits and other accounts 4,009,860 6,295,986
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 1,973 488
Deferred tax liabilities - -
Other liabilities 538,270 488,248
  19,029,543 15,653,452
Net assets 8,165,086 7,712,171
Represented by
Share capital 6,150,000 6,150,000
Reserves 843,304 722,810
Unappropriated profit 776,899 545,915
  7,770,203 7,418,725
Surplus on revaluation of assets - net of deferred tax 394,883 293,446
  8,165,086 7,712,171

Pak Oman Investment Company Limited
Profit and Loss Account
  For the year ended December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Mark-up / return / interest earned 2,242,063 2,117,169
Mark-up / return / interest expensed 1,356,296 1,360,752
Net mark-up / interest income 885,767 756,417
Provision / (reversal) against non-performing advances 20,548 (44,953)
Provision for diminution in the value of investments 175,587 265,986
Bad debts written off directly - -
  196,135 221,033
Net mark-up / interest income after provisions 689,632 535,384
Non mark-up / interest income
Fee, commission and brokerage income 39,488 29,699
Dividend income 143,009 107,157
Income from dealing in foreign currencies - -
Gain on sale of securities 618,126 263,713
Unrealised (loss) / gain on revaluation of investments classified as held-for-trading (10,651) 202
Other income - 1,903
Total non markup / interest income 789,972 402,674
  1,479,604 938,058
Non mark-up / interest expenses
Administrative expenses 468,230 372,736
Other provisions / write offs - 1,966
Other charges 36,110 18,073
Total non markup / interest expenses 504,340 392,775
  975,264 545,283
Extra ordinary / unusual items - -
Profit before taxation 975,264 545,283
Taxation - current 357,943 215,914
             - prior years 23,718 -
             - deferred (8,868) (54,224)
  372,793 161,690
Profit after taxation 602,471 383,593
Unappropriated profit brought forward 545,915 488,112
Profit available for appropriation 1,148,386 871,705
Basic and diluted earnings per share 0.98 0.62
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.