Financials -  Yearly
MCB Islamic Bank Limited
Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
 
Dec 31, 2015
(Restated)
Assets
Cash and balances with treasury banks 1,509,804 698,123
Balances with other banks 2,750,998 6,347,459
Due from financial institutions - -
Investments - net 5,769,675 5,995,470
Islamic financing and related assets - net 16,172,727 12,473,797
Operating fixed assets 2,104,250 1,192,382
Deferred tax assets - net - 9,388
Other assets - net 261,048 170,922
  28,568,502 26,887,541
Liabilities
Bills payable 447,776 89,864
Due to financial institutions 2,785,650 631,520
Deposits and other accounts 14,279,436 9,450,072
Sub-ordinated loan - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net 40,524 -
Other liabilities 749,243 6,733,333
  18,302,629 16,904,789
Net assets 10,265,873 9,982,752
Represented by
Share capital 10,000,000 10,000,000
Reserves 26,444 10,461
Unappropriated profit 68,087 4,153
  10,094,531 10,014,614
Surplus / (deficit) on revaluation of assets - net of tax 171,342 (31,862)
  10,265,873 9,982,752

MCB Islamic Bank Limited
Profit and Loss Account
  For the year ended December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
 
Dec 31, 2015
(Restated)
Profit / return earned 1,526,778 376,295
Profit / return expensed 576,544 101,057
Net spread earned 950,234 275,238
Provision against non-performing islamic financing and related assets - net (94,137) 30,591
Provision for diminution in the value of investments - net - 9,310
Bad debts written off directly - -
  (94,137) 39,901
Net spread after provisions 1,044,371 235,337
Other income
Fee, commission and brokerage income 34,678 9,874
Dividend income 58,802 7,511
Income from dealing in foreign currencies 17,322 3,968
Unrealized gain / (loss) on revaluation of investments classified as held for trading - -
Gain on sale of securities - net 137,370 2,928
Other income 10,992 787
Total other income 259,164 25,068
  1,303,535 260,405
Other expenses
Administrative expenses 1,187,266 200,698
Other provision - net - -
Other charges 2,296 2,076
Total other expenses 1,189,562 202,774
Extra ordinary / unusual item - -
Profit before taxation 113,973 57,631
Taxation - current (17,859) (924)
             - prior periods (4,866) -
             - deferred (11,331) (4,400)
  (34,056) (5,324)
Profit after taxation 79,917 52,307
Unappropriated profit / (accumulated loss) brought forward 4,153 (37,693)
Unappropriated profit carried forward 84,070 14,614
Basic / diluted earnings per share - after tax 0.080 0.052
Auditor(s):

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