Financials -  Yearly
Meezan Bank Limited
Consolidated Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 56,037,043 43,685,791
Balances with other banks 12,067,855 11,205,707
Due from financial institutions 129,115,165 101,079,476
Investments - net 134,796,574 150,137,212
Islamic financings and related assets - net 311,530,270 207,568,823
Operating fixed assets 9,031,686 8,161,435
Deferred tax assets - -
Other assets - net 10,689,082 14,111,489
  663,267,675 535,949,933
Liabilities
Bills payable 9,130,998 6,560,324
Due to financial institutions 32,005,501 13,609,551
Deposits and other accounts 563,999,852 471,799,473
Sub-ordinated sukuk 7,000,000 -
Deferred tax liabilities 1,955,203 730,923
Other liabilities 14,403,557 13,569,243
  628,495,111 506,269,514
Net assets 34,772,564 29,680,419
Represented by
Share capital 10,027,379 10,027,379
Reserves 9,724,001 8,611,679
Unappropriated profit 11,340,678 9,238,479
  31,092,058 27,877,537
Non controlling interest 1,221,989 944,623
  32,314,047 28,822,160
Surplus on revaluation of investments (including amount relating to share of profit from associates) - net of tax 2,458,517 858,259
  34,772,564 29,680,419

Meezan Bank Limited
Consolidated 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 financing and related assets, investments and placements 31,429,642 33,113,547
Profit on deposits and other dues expensed 12,871,789 14,895,778
Net spread earned 18,557,853 18,217,769
(Reversal of provision) / provision against non-performing islamic financing and related assets - net (120,246) 425,908
(Reversal of provision) / provision against diminution in the value of investments (64,673) 121,093
Provision against off balance sheet obligations - 16,173
Bad debts written off directly - -
  (184,919) 563,174
Net spread after provisions 18,742,772 17,654,595
Other income
Fee, commission and brokerage income 3,942,236 2,891,445
Dividend income 345,288 184,320
Income from dealing in foreign currencies 1,207,563 1,471,337
Capital gain on sale of investments - net 1,012,424 488,697
Other income 357,060 301,034
Total other income 6,864,571 5,336,833
  25,607,343 22,991,428
Other expenses
Administrative expenses 16,115,217 14,049,760
Other (reversals of provisions) / provisions (74,038) (59,152)
Other charges 3,600 4,067
Workers Welfare Fund 211,940 191,116
Total other expenses 16,256,719 14,304,095
  9,350,624 8,687,333
Share of results of associates before taxation 1,166,467 238,580
Extraordinary / unusual items - -
Profit before taxation 10,517,091 8,925,913
Taxation - current 3,283,846 2,559,908
             - prior years 268,219 709,046
             - deferred 362,603 589,017
  3,914,668 3,857,971
Profit after taxation 6,602,423 5,067,942
Attributable to:
Equity shareholders of the bank 6,181,901 4,857,804
Non-controlling interest 420,522 210,138
  6,602,423 5,067,942
Basic and diluted earnings per share 6.17 4.84
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.