Financials -  Yearly
Al Baraka Bank (Pakistan) Limited
Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 18,725,350 10,847,429
Balances with other banks 984,125 1,560,544
Due from financial institutions 2,692,703 1,831,716
Investments 24,601,518 17,358,401
Islamic Financing and related assets 66,785,266 47,644,690
Operating fixed assets 4,502,269 2,671,911
Deferred tax assets 2,873,137 1,392,003
Other assets 5,634,265 3,625,816
  126,798,633 86,932,510
Liabilities
Bills payable 1,386,390 883,698
Due to financial institutions 3,223,109 2,108,255
Deposits and other accounts 105,843,084 71,644,386
Sub-ordinated loans 1,428,568 3,756,734
Deferred tax liabilities - -
Other liabilities 3,527,979 2,266,200
  115,409,130 80,659,273
Net assets 11,389,503 6,273,237
Represented by
Share capital 13,739,628 8,935,200
Advance against issuance of shares - 95,704
Discount on issuance of shares - net (632,766) (767,290)
Reserves 159,348 159,348
Accumulated loss (2,281,369) (2,135,310)
  10,984,841 6,287,652
Surplus / (deficit) on revaluation of assets - net of tax 404,662 (14,415)
  11,389,503 6,273,237

Al Baraka Bank (Pakistan) Limited
Profit and Loss Account
  For the year ended December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Profit / return earned on islamic financings related assets, investments and placements 5,158,073 6,269,086
Return on deposits and other dues expensed (2,794,910) (3,790,618)
Net spread earned 2,363,163 2,478,468
Reversal / (provision) against non-performing islamic financing and related assets 167,580 (104,690)
(Provision) / reversal for diminution in the value of investments (3,330) 230,132
  164,250 125,442
Net spread after provisions 2,527,413 2,603,910
Other income
Fee, commission and brokerage income 521,529 439,105
Dividend income 20,182 21,592
Income from dealing in foreign currencies 133,413 160,842
Gain on sale of securities 194,346 12,838
Unrealised gain on revaluation of investments classified as held-for-trading - 3,434
Other income 4,730 18,533
Total other income 874,200 656,344
  3,401,613 3,260,254
Other expenses
Administrative expenses (3,414,381) (2,848,910)
Other provisions / write offs (87,476) (4,407)
Other charges (504) (328)
Total other expenses (3,502,361) (2,853,645)
  (100,748) 406,609
Extra ordinary / unusual items - -

(Loss) / profit before taxation

(100,748) 406,609
Taxation - current (60,323) (69,254)
             - prior years - (18,278)
             - deferred 5,544 (78,631)
  (54,779) (166,163)
(Loss) / profit after taxation (155,527) 240,446
(Loss) / earning per share - basic / diluted (0.17) 0.27
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.