Financials -  Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2016 (Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with SBP and NBP 840,523 622,106
Balances with other banks / NBFIs / MFBs 811,977 1,045,644
Lending to financial institutions - -
Investments - net of provisions 5,931,703 4,029,765
Advances - net of provisions 8,183,228 5,525,612
Operating fixed assets 496,359 382,967
Other assets 580,788 533,557
Deferred tax asset 33,653 47,686
Total assets 16,878,231 12,187,337
Liabilities
Deposits and other accounts 12,237,466 9,661,088
Borrowing 297,820 645,576
Subordinated debt - -
Other liabilities 512,441 336,267
Deferred tax liabilities - -
Total liabilities 13,047,727 10,642,931
Net assets 3,830,504 1,544,406
Represented by
Share capital 2,730,811 1,351,501
Share premium 620,690 -
Statutory and general reserves 189,569 126,317
Depositors protection fund 55,014 36,716
Accumulated profit 231,578 1,081
  3,827,662 1,515,615
Surplus on revaluation of assets 1,248 26,015
Deferred grants 1,594 2,776
Total capital 3,830,504 1,544,406

The First MicroFinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2016 (Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Markup / return / interest earned 2,480,263 1,972,947
Markup / return / interest expensed (580,886) (595,485)
Net markup / interest income 1,899,377 1,377,462
Provision against non-performing loans and advances (31,624) (96,968)
Recovery against written off advances 16,012 24,146
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (15,612) (72,822)
Net markup / interest income after provisions 1,883,765 1,304,640
Non mark-up / non interest income
Fee, commission and brokerage income 158,770 123,898
Dividend income - -
Amortization of deferred grant 1,182 1,762
Other income 10,609 6,812
Total non-markup / non interest income 170,561 132,472
  2,054,326 1,437,112
Non mark-up / non interest expenses
Administrative expenses (1,559,937) (1,050,301)
Grant related expenses (1,182) (1,762)
Other provisions / write offs - -
Other charges (1,392) (40)
Total non-markup / non interest expenses (1,562,511) (1,052,103)
  491,815 385,009
Extra ordinary / unusual items - -
Profit before taxation 491,815 385,009
Taxation - current (155,566) (60,748)
             - prior years (5,957) -
             - deferred (14,033) (12,546)
  (175,556) (73,294)
Profit after taxation 316,259 311,715
Accumulated profit / (loss) brought forward 8,272 (223,972)
Profit before appropriation 324,531 87,743
Appropriations - Transfer to:
Statutory reserve (63,252) (62,343)
Capital reserve - -
Contribution to depositors protection fund: 5% of Profit after tax (15,813) (15,586)
Interest on Investment  (2,485) (1,542)
Revenue reserve - -
Dividend - -
  (81,550) (79,471)
Accumulated Profit carried forward 242,981 8,272
Earning per share (Rupees) 1.44 2.31
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.