Financials -  Yearly
Summit Bank Limited
Consolidated Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with treasury banks 10,539,924 9,383,948
Balances with other banks 2,919,394 4,377,298
Lendings to financial institutions 1,459,868 650,000
Investments 77,557,913 45,329,692
Advances 70,554,280 66,454,697
Operating fixed assets 9,608,669 7,607,167
Deferred tax assets - net 5,545,433 5,584,805
Other assets 10,180,214 9,056,687
  188,365,695 148,444,294
Liabilities
Bills payable 2,728,797 1,531,639
Borrowings 49,755,998 25,312,661
Deposits and other accounts 119,742,108 105,222,446
Sub-ordinated loans 1,497,240 1,497,930
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 2,693,008 2,547,644
  176,417,151 136,112,320
Net assets 11,948,544 12,331,974
Represented by
Share capital 10,779,796 10,779,796
Convertible preference shares 2,155,959 2,155,959
Advance against subscription of shares 7,006,867 7,506,867
Reserves (1,722,341) (1,765,785)
Accumulated losses (7,430,321) (7,689,076)
  10,789,960 10,987,761
Surplus on revaluation of assets - net of deferred tax 1,158,584 1,344,213
  11,948,544 12,331,974

Summit Bank Limited
Consolidated 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 10,709,851 9,828,995
Mark-up / return / interest expensed (7,653,842) (7,392,589)
Net mark-up / interest income 3,056,009 2,436,406
Provision against non-performing loans and advances - net (1,195,844) (76,920)
Provision for diminution in the value of investments - net (375,398) (476,099)
Bad debts written off directly (4,166) (10,055)
  (1,575,408) (563,074)
Net mark-up / interest income after provisions 1,480,601 1,873,332
Non mark-up / interest income
Fee, commission and brokerage income 1,272,680 1,183,067
Dividend income 79,784 37,740
Income from dealing in foreign currencies 534,090 506,237
Gain on sale of securities - net 2,443,376 1,351,481
Gain on disposal of operating fixed assets - net 2,895 38,724
Unrealised loss on revaluation of investments classified as held-for-trading - net (13,498) (749)
Other income 104,122 88,503
Total non-markup / interest income 4,423,449 3,205,003
  5,904,050 5,078,335
Non mark-up / interest expenses
Administrative expenses (5,188,247) (4,971,020)
Other provisions / write-offs 8,079 (41,573)
Other charges (30,989) (30,171)
Total non-markup / interest expenses (5,211,157) (5,042,764)
  692,893 35,571
Extra ordinary / unusual items - -
Profit before taxation 692,893 35,571
Taxation - current (137,032) (122,029)
             - prior years (57) (1,855)
             - deferred (317,601) 329,933
  (454,690) 206,049
Profit after taxation 238,203 241,620
Basic earnings per share 0.16 0.16
Diluted earnings per share 0.10 0.12
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.