Financials - Yearly
 Pakistan Kuwait Investment Company (Private) Limited
Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 61,995 63,957
Balances with other banks 16,691 20,718
Lendings to financial institutions 2,632,880 -
Investments 21,206,169 22,142,622
Advances 4,422,496 5,113,644
Operating fixed assets 201,875 169,034
Deferred tax assets - -
Other assets 399,306 857,012
  28,941,412 28,366,987
Liabilities
Bills payable - -
Borrowings 2,661,764 6,246,955
Deposits and other accounts 3,650 179,750
Subordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 1,135,537 857,838
Other liabilities 453,141 466,550
  4,254,092 7,751,093
Net assets 24,687,320 20,615,894
Represented by
Share capital 6,000,000 6,000,000
Reserves 6,876,320 5,748,570
Unappropriated profit 9,946,000 7,978,238
  22,822,320 19,726,808
Surplus on revaluation of 'available-for-sale' securities - net of tax 1,865,000 889,086
  24,687,320 20,615,894

 Pakistan Kuwait Investment Company (Private) 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 1,027,732 1,229,530
Mark-up / return / interest expensed 244,012 365,227
Net mark-up / interest income 783,720 864,303
Reversal of provision against non-performing loans and advances - net (66,941) (60,021)
Provision for diminution / impairment in the value of investments 66,349 494,741
Bad debts written off directly - -
  (592) 434,720
Net mark-up / interest income after provisions 784,312 429,583
Non mark-up / interest income
Fee, commission and brokerage income 4,374 13,812
Dividend income 330,195 344,121
Income from dealing in foreign currencies - -
Gain on sale of securities 318,077 352,871
Unrealised gain / (loss) on revaluation of 'held-for-trading' securities 2,330 (2,026)
Share in results of associates - net 3,094,625 1,886,303
Other income 37,395 24,840
Total non mark-up / interest income 3,786,996 2,619,921
Non mark-up / interest expenses
Administrative expenses 484,948 545,222
Reversal of provision of fixed assets and non-current assets held for sale - net (42,106) -
Other charges - 30
Total non mark-up / interest expenses 442,842 545,252
Extra ordinary / unusual items - -
Profit before taxation 4,128,466 2,504,252
Taxation - current 419,576 394,067
             - prior years - -
             - deferred 256,396 281,635
  675,972 675,702
Profit after taxation 3,452,494 1,828,550
Basic earnings per share (on share of Rs. 25,000 each) 14,385 7,619
Diluted earnings per share (on share of Rs. 25,000 each) 14,385 7,619
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.