Financials -  Yearly
   Transfer to
Sindh Microfinance Bank Limited
 Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Assets
Cash and balances with SBP and NBP 10,022
Balances with other banks / NBFIs / MFBs 155,843,727
Lending to financial institutions 600,000,000
Investments - net of provisions -
Advances - net of provisions -
Operating fixed assets 2,524,053
Other assets 8,182,149
Deferred tax asset 1,082,485
  Total assets 767,642,436
Liabilities
Deposits and other accounts -
Borrowings -
Subordinated debt -
Other liabilities -
Deferred tax liabilities 2,429,615
Total liabilities 2,429,615
Net assets 765,212,821
Represented by:
Share capital 750,000,000
Statutory and General Reserves 3,042,562
Depositors' protection fund 760,641
Unappropriated profit 11,409,618
  765,212,821
Surplus / (deficit) on revaluation of assets -
Deferred grants -
Total capital 765,212,821

Sindh Microfinance Bank Limited
 Profit and Loss Account
  For the year ended December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Mark-up / return / interest earned 38,501,984
Mark-up / return / interest expensed -
Net mark-up / interest income 38,501,984
Provision against non-performing loans and advances -
Provision for diminution in the value of investments -
Bad debts written off directly -
  -
Net mark-up / interest income after provisions 38,501,984
Non mark-up / non interest income
Fee, commission and brokerage income -
Dividend income -
Other income -
Total non mark-up / non interest income -
  38,501,984
Non mark-up / non interest expense
Administrative expenses (15,097,644)
Other provisions / write offs -
Other charges -
Total non mark-up / non interest expenses (15,097,644)
Extraordinary / unusual items -
Profit before taxation 23,404,340
Taxation - current 9,274,004
             - prior -
             - deferred (1,082,485)
  (8,191,519)
Profit after taxation 15,212,821
Unappropriated profit - brought forward -
Appropriations:
Transfer to  
- statutory reserve 3,042,562
- capital reserve -
- contribution to depositors' protect fund 760,641
- revenue reserve -
- dividend -
- others -
Unappropriated profit - carried forward 11,409,618
Earnings per share - basic and diluted - Rupees 0.20
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.