Financials -  Yearly
Pak Oman 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 7,996,608 1,751,918
Balances with other banks / NBFIs / MFBs 28,527,405 22,164,318
Lendings to financial institutions 184,700,000 545,925,775
Investments - net of provision 516,913,445 105,194,693
Advances - net of provisions 428,478,754 358,715,951
Operating fixed assets 32,960,402 37,085,008
Other assets 33,911,082 26,804,259
Deferred tax asset - net 27,010,763 29,541,475
Total Assets 1,260,498,459 1,127,183,397
Liabilities
Deposits and other accounts 148,895,471 24,844,675
Borrowings - -
Subordinated debt - -
Other liabilities 39,259,383 27,877,451
Deferred tax liabilities - net - -
Total Liabilities 188,154,854 52,722,126
Net assets 1,072,343,605 1,074,461,271
Represented by:
Share capital 1,151,820,000 1,151,820,000
Statutory and general reserves 8,362,742 7,065,605
Depositors' protection fund 2,093,454 1,766,402
Accumulated losses (90,631,662) (86,417,667)
  1,071,644,534 1,074,234,340
Surplus on revaluation of assets - net of deferred tax 699,071 226,931
  1,072,343,605 1,074,461,271

Pak Oman Microfinance Bank 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 176,541,376 168,664,524
Mark-up / return / interest expensed (4,977,136) (250,356)
Net mark-up / interest income 171,564,240 168,414,168
Provision against non-performing advances 18,560,128 13,178,363
Provision for diminution in the value of investments - 4,853,640
Bad debts written off directly - -
  18,560,128 18,032,003
Net mark-up / return / interest income after provisions 153,004,112 150,382,165
Non mark-up / non interest income
Fee, commission and brokerage income 23,693,523 16,131,636
Dividend income 439,289 2,403,500
Other income 18,865,454 5,327,299
Total non-mark-up / non-interest income 42,998,266 23,862,435
  196,002,378 174,244,600
Non mark-up / non interest expenses
Administrative expenses 181,647,435 162,456,986
Other provisions / write offs - -
Other charges (414,893) 316,255
Total non markup-up / non-interest expenses 181,232,542 162,773,241
Extra ordinary / unusual items - -
Profit before taxation 14,769,836 11,471,359
Taxation - current 5,722,544 2,494,224
             - prior years 225,323 -
             - deferred 2,336,285 3,229,398
  8,284,152 5,723,622
Profit after taxation 6,485,684 5,747,737
Accumulated losses brought forward (86,417,667) 89,608,443
  (79,931,983) (83,860,706)
Appropriations:
Transfer to:    
Statutory reserve (1,297,137) (1,149,547)
Capital reserve - -
Depositor's protection fund (324,284) (287,387)
Revenue reserve - -
Proposed cash dividend - -
Accumulated losses carried forward (81,553,404) 85,297,640
Earning per share - basis and diluted 0.063 0.056
Auditor(s):

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