Financials -  Yearly
PAIR Investment Company Limited
Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 64,205 46,114
Balances with other banks 432,783 215,426
Lendings to financial institutions - -
Investments 11,842,973 18,543,009
Advances 5,424,351 3,502,948
Operating fixed assets 176,982 191,311
Deferred tax assets - net 238,128 259,691
Other assets 419,049 462,778
  18,598,471 23,221,277
Liabilities
Bills payable - -
Borrowings 6,549,981 11,652,435
Deposits and other accounts 2,079,728 1,890,502
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 518,803 484,862
  9,148,512 14,027,799
Net assets 9,449,959 9,193,478
Represented by
Share capital 6,000,000 6,000,000
Reserves 794,107 673,449
Unappropriated profit 2,572,774 2,390,166
  9,366,881 9,063,615
Surplus on revaluation of assets - net of deferred tax 83,078 129,863
  9,449,959 9,193,478

PAIR Investment Company Limited
Profit and Loss Account
  For the year ended December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Mark-up / return / interest earned 1,243,694 1,509,674
Mark-up / return / interest expensed 533,274 627,125
Net mark-up / interest income 710,420 882,549
(Reversal) / provision against non-performing loans and advances (49,647) 36,247
(Reversal) of provision for diminution in the value of investments (366,209) (19,298)
  (415,856) 16,949
Net mark-up / interest income after provisions 1,126,276 865,600
Non mark-up / interest income
Fee, commission and brokerage income 19,631 13,825
Dividend income 30,205 30,260
Gain from dealing in foreign currencies 408 542
Gain on sale of securities - net 4,913 313,567
Unrealised (loss) / gain on revaluation of investments classified as held for trading - net (1,920) 738
Other income 5 828
Total non mark-up / interest income 53,242 359,760
Non mark-up / interest expenses
Administrative expenses 318,148 302,183
Other provisions / write offs - -
Other charges / (reversal) - net 279 (154)
Total non mark-up / interest expenses 318,427 302,029
  861,091 923,331
Extra ordinary / unusual items - -
Profit before taxation 861,091 923,331
Taxation - current 214,558 267,480
             - prior year 10,984 42,925
             - deferred 32,258 15,512
  257,800 325,917
Profit after taxation 603,291 597,414
Basic and diluted earnings per share - (Rupees) 1.01 1.00
Auditor(s):

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