Financials -  Yearly
Pak Oman 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 88,884 93,725
Balances with other banks 1,670,921 1,586,956
Lendings to financial institutions 935,826 362,824
Investments - net 20,831,182 14,073,356
Advances - net 14,834,851 9,993,263
Operating fixed assets 85,263 82,316
Deferred tax assets - net 439,434 379,314
Other assets 919,994 622,875
  39,806,355 27,194,629
Liabilities
Bills payable - -
Borrowings 25,150,898 14,479,440
Deposits and other accounts 5,342,975 4,009,860
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 1,671 1,973
Deferred tax liabilities - -
Other liabilities 849,613 538,270
  31,345,157 19,029,543
Net assets 8,461,198 8,165,086
Represented by
Share capital 6,150,000 6,150,000
Reserves 984,427 843,304
Unappropriated profit 972,325 776,899
  8,106,752 7,770,203
Surplus on revaluation of assets - net of deferred tax 354,446 394,883
  8,461,198 8,165,086

Pak Oman 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 2,287,972 2,242,063
Mark-up / return / interest expensed 1,436,373 1,356,296
Net mark-up / interest income 851,599 885,767
Provision against non-performing advances 168,179 20,548
(Reversal) / provision for diminution in the value of investments (161,531) 175,587
Bad debts written off directly - -
  6,648 196,135
Net mark-up / interest income after provisions 844,951 689,632
Non mark-up / interest income
Fee, commission and brokerage income 60,302 39,488
Dividend income 121,236 143,009
Income from dealing in foreign currencies - -
Gain on sale of securities 638,804 618,126
Unrealised gain / (loss) on revaluation of investments classified as held-for-trading 2,581 (10,651)
Other income 4,750 -
Total non markup / interest income 827,673 789,972
  1,672,624 1,479,604
Non mark-up / interest expenses
Administrative expenses 568,798 468,230
Other provisions / write offs - -
Other charges 78,537 36,110
Total non markup / interest expenses 647,335 504,340
  1,025,289 975,264
Extra ordinary / unusual items - -
Profit before taxation 1,025,289 975,264
Taxation - current 340,939 357,943
             - prior years 3,206 23,718
             - deferred (24,470) (8,868)
  319,675 372,793
Profit after taxation 705,614 602,471
Unappropriated profit brought forward 776,899 545,915
Profit available for appropriation 1,482,513 1,148,386
Basic and diluted earnings per share 1.15 0.98
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.