Financials -  Yearly
     
House Building Finance Company Limited
Balance Sheet 
  As at December 31, 2016  
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 121,378 82,376
Balances with other banks 650,310 107,638
Lendings to financial institutions 400,188 -
Investments - net 6,841,040 7,729,999
Advances - net 11,816,929 11,512,906
Opened fixed assets 315,461 373,236
Deferred tax assets - -
Other assets 761,165 876,296
  20,906,471 20,682,451
Liabilities
Bills payable - -
Borrowings - 11,242,300
Deposits and other accounts - -
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 6,587,429 10,194,912
  6,587,429 21,437,212
Net assets 14,319,042 (754,761)
Represented by
Share capital 3,001,000 3,001,000
Reserves 713,662 713,662
Accumulated loss (5,757,934) (4,789,697)
  (2,043,272) (1,075,035)
Conversion of liabilities into share capital 16,364,000 -
Advance against issue of capital - 218,143
(Deficit) / surplus on revaluation of assets (1,686) 102,131
  14,319,042 (754,761)

 House Building Finance Company Limited
 Profit and Loss Account
  For the year ended December 31, 2016  
 
Dec 31, 2016
Dec 31, 2015
Rental / Mark-up / return / interest income 2,606,851 2,509,819
Rental / Mark-up / return / interest expensed (1,068,019) (1,068,019)
Rental / mark-up / return / interest income - net 1,538,832 1,441,800
Provision made against non-performing advances - net (869,068) (566,180)
Reversal of provision against lendings to finance institutions 17,619 -
Reversal of Provision against diminution in value of investments - net - 39,101
Reversal of Provision against impairment of investment in a associate - 35,507
  (851,449) (491,572)
Reconciliation adjustments (847) 9.562)
Relief package and reprocessing adjustments (9,891) (22,402)
Write-off against advances (650) -
  675,995 918,264
Non mark-up / interest income
Fee, commission and brokerage income - -
Dividend income - -
Income from dealing in foreign currency - -
Gain on sale of securities 7,920 4,882
Unrealized gain / (loss) on revaluation of investment classified as held for trading - -
Other income 273,250 56,739
Total non-mark-up / interest income 281,170 61,621
  957,165 979,885
Non mark-up / interest expense
Administrative expenses (1,758,099) (1,703,525)
Other provisions (32,367) (7,536)
Other charges (9,552) (7,303)
Total non mark-up / interest expenses (1,800,018) (1,718,364)
  (842,853) (738,479)
Extraordinary / unusual items - -
Share of profit before taxation from associate 9,986 9,774
Loss before allocation for state bank of pakistan share (835,867) (728,705)
State bank of pakistan share of profit on credit lines - -
Loss before taxation (835,867) (728,705)
Taxation (30,083) (123,255)
Loss after taxation (865,950) (851,960)
Basic & diluted earnings per share - Rupees (2.89) (2.84)
Auditor(s):

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