Financials -  Yearly
Tameer MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 1,588,338 1,371,733
Balances with other banks 1,118,190 717,070
Lendings to financial institutions 346,702 -
Investments 3,784,189 3,775,640
Advances - net of provisions 12,125,628 8,941,759
Operating fixed assets 645,474 556,761
Other assets 1,433,577 1,030,330
Deferred tax asset - net 16,025 -
Total assets 21,058,123 16,393,293
Liabilities
Deposits and other accounts 15,678,541 12,261,354
Borrowings 85,474 239,211
Sub-ordinated debt - -
Other liabilities 1,604,825 1,044,847
Deferred tax liabilities - net - 3,960
Total liabilities 17,368,840 13,549,372
Net assets 3,689,283 2,843,921
Represented by
Share capital 1,346,939 1,346,939
Reserves 1,050,952 828,142
Accumulated profit 1,260,896 646,831
  3,658,787 2,821,912
Deficit on revaluation of assets - net of deferred tax (836) (959)
Deferred grants 31,332 22,968
  3,689,283 2,843,921

Tameer MicroFinance Bank 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 3,503,342 3,054,770
Mark-up / return / interest expensed (662,922) (766,186)
Net mark-up / interest income 2,840,420 2,288,584
Provision against non-performing loans and advances (43,262) (26,120)
Provision for diminution in the value of investments - -
Bad debts written off directly (36,514) (89,462)
  (79,776) (115,582)
Net mark-up / non interest income after provisions 2,760,644 2,173,002
Non mark-up / non interest income
Fee, commission and brokerage income 1,427,207 1,195,071
Dividend income - -
Other income 166,851 99,164
Total non-mark-up / non interest income 1,594,058 1,294,235
  4,354,702 3,467,237
Non mark-up / non interest expenses
Administrative expenses (3,045,569) (2,425,400)
Other provisions / write offs - (309)
Other charges (26,839) (21,039)
Total non-mark-up / non interest expenses (3,072,408) (2,446,748)
  1,282,294 1,020,489
Extra ordinary / unusual items - -
Profit before taxation 1,282,294 1,020,489
Taxation - current (414,004) (318,119)
             - prior (29,952) -
             - deferred 13,402 6,123
  (430,554) (311,996)
Profit after taxation 851,740 708,493
Other comprehensive income    
Items not to be reclassified to profit and loss account in subsequent periods - net of tax (14,865) (29,559)
Total comprehensive income for the year 836,875 678,934
Interim cash dividend @ Rs. Nil (2014: Re.0.38 per share) - (51,453)
Accumulated profit brought forward 646,831 205,787
Profit available for appropriation 1,483,706 833,268
Appropriations: Transfer to:    
Statutory reserve (170,348) (141,699)
Capital reserve - -
Depositors protection fund (52,462) (44,738)
Contribution to MSDF / DPF / RMF - -
Revenue reserve - -
Proposed cash dividend - -
Accumulated profit carried forward 1,260,896 646,831
Earnings per share - basic and diluted (Rupees) 6.32 5.26
Auditor(s):

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