Financials -  Yearly
Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Balance Sheet
  As at December 31, 2015  
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with treasury banks 64,573,297 48,584,577
Balances with other banks 761,486,417 702,528,078
Non-current asset classified as held for sale - 67,936,844
Lendings to financial institutions 180,000,000 900,000,000
Investments 12,202,241,117 10,307,306,443
Advances 6,674,995,524 6,588,745,208
Operating fixed assets 2,885,892,566 2,432,288,351
Deferred tax assets - -
Other assets 2,302,444,256 2,192,183,694
Development properties 192,848,993 174,419,530
  25,264,482,170 23,413,992,725
Liabilities
Bills payable - -
Borrowings 12,010,452,912 11,224,671,255
Deposits and other accounts 7,000,000 577,975,620
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred liabilities 878,194,901 801,008,091
Other liabilities 463,155,590 697,814,291
  13,358,803,403 13,301,469,257
Net assets 11,905,678,767 10,112,523,468
Represented by
Share capital 6,000,000,000 6,000,000,000
Reserves fund 706,004,599 739,191,770
General reserve 358,662,940 358,662,940
Unappropriated profit 1,878,479,988 1,636,983,163
  9,543,147,527 8,734,837,873
Non-controlling interest - (440,310,197)
Surplus on revaluation of AFS securities - net of tax 599,633,914 436,530,172
Surplus on revaluation of operating fixed assets - net of tax 1,762,897,326 1,378,465,620
  11,905,678,767 10,112,523,468

Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2015  
 
Dec 31, 2015
Dec 31, 2014
Mark-up / return / interest earned 1,720,811,064 1,370,132,050
Mark-up / return / interest expensed 868,487,575 724,450,042
Net mark-up / interest income 852,323,489 645,682,008
Provisions / (reversals) against non-performing loans and advances 2,753,941 (85,991,605)
Provision for diminution in the value of  investments 94,414,929 72,352,259
Bad debts written off directly - 10,470,884
  97,168,870 (3,168,462)
Net mark-up / interest income after provisions 755,154,619 648,850,470
Non mark-up / interest income
Fee, commission and brokerage income 9,541,338 16,379,253
Dividend income 106,547,220 53,641,377
Gain / (loss) from dealing in foreign currencies 717,935 (1,224,908)
Net gain on dealing in quoted securities 169,413,822 219,733,015
Gain on dealing in government securities 236,629,799 405,424,281
Gain on dealing in mutual funds 2,299,669 7,633,692
Impairment loss reversal on asset classified as held for sale at its fair value - 1,290,118
Unrealized gain on investments classified as held for trading - 5,638,289
Other income 121,220,809 144,524,740
Total non mark-up / interest income 646,370,592 853,039,857
Non mark-up / interest expense
Administrative expenses 341,960,722 351,586,635
Impairment loss on quoted securities 53,473,724 -
Other provisions / (reversal) and write offs 13,512,000 (38,012,563)
Other charges 583,000 270,000
Total non mark-up / interest expenses 409,529,446 313,844,072
Extra ordinary / unusual items - -
Profit before taxation 991,995,765 1,188,046,255
Taxation - current 236,922,335 119,940,047
             - super tax 39,563,744 -
             - prior years (9,681,259) 265,511
             - deferred (7,076,696) 124,479,360
  259,728,124 244,684,918
Profit after taxation 732,267,641 943,361,337

Attributable to:

Equity holders of the company 732,267,641 1,080,603,140
Non-controlling interest - (137,241,803)
  732,267,641 943,361,337
Basic and diluted earning per share 1.109 1.637
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.