Financials -  Yearly
Silkbank Limited
Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with treasury banks 7,343,670 5,102,984
Balances with other banks 194,065 139,478
Lendings of financial institutions 6,777,944 3,000,000
Investments - net 34,999,068 18,105,414
Advances - net 61,074,207 58,966,877
Operating fixed assets 4,496,648 4,563,290
Deferred tax assets - net 4,180,969 3,937,182
Other assets 14,070,688 8,920,628
  133,137,259 102,735,853
Liabilities
Bills payable 2,413,342 2,153,091
Borrowings 33,230,182 21,742,246
Deposits and other accounts 81,097,581 68,770,255
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 14,145 17,105
Deferred tax liabilities - -
Other liabilities 1,805,347 1,552,329
  118,560,597 94,235,026
Net assets 14,576,662 8,500,827
Represented by
Share capital 77,998,099 26,716,048
Discount on issue of right shares (56,566,725) (13,284,674)
Reserves 180,134 180,134
Advance against shares subscription 2,000,000 2,000,000
Convertible preference share 2,200,000 2,200,000
Accumulated loss (11,334,916) (9,444,123)
  14,476,592 8,367,385
Surplus on revaluation of assets - net of tax 100,070 133,442
  14,576,662 8,500,827

Silkbank 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 8,933,315 9,429,216
Mark-up / return / interest expensed (5,833,685) (5,969,099)
Net mark-up / interest income 3,099,630 3,460,117
Provision against non-performing loans and advances - net (589,293) (79,077)
Provision against consumer financing - net (88,190) (127,402)
Recovery against written off loans 3,823 4,004
(Provision) / reversal  for diminution in the value of investments - net (5,344) 2,537
Impairment in the value of investment (45,373) (167,675)
  (724,377) (367,613)
Net mark-up / interest income after provisions 2,375,253 3,092,504
Non mark-up / interest income
Fee, commission and brokerage income 976,838 868,263
Dividend income 40,652 47,168
Income from dealing in foreign currencies 181,696 196,672
Gain on sale of securities - net 650,948 346,592
Unrealized gain on revaluation of investment - held for trading 1,291 169,053
Other income 42,898 92,615
Total non-markup / interest income 1,894,323 1,720,363
  4,269,576 4,812,867
Non mark-up / interest expenses
Administrative expenses (5,268,719) (4,692,044)
Other (provision) / (write offs) / reversal - net (762,976) 38,019
Other charges (77,583) (27,427)
Total non-mark-up / interest expenses (6,109,278) (4,681,452)
  (1,839,702) 131,415
Extra ordinary / unusual items - -
(Loss) / profit before taxation (1,839,702) 131,415
Taxation - current - -
             - prior (92,322) -
             - deferred 220,419 (44,555)
  128,097 (44,555)
(Loss) / profit after taxation (1,711,605) 86,860
Basic (loss) / earnings per share  (0.58) 0.03
Diluted (loss) / earnings per share  (0.58) 0.02
Auditor(s):

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