Financials -  Yearly
Saudi Pak Industrial and Agricultural Investment Company Limited
Balance Sheet
  As at December 31, 2016  
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 34,289,134 64,560,467
Balances with other banks 116,131,516 758,317,400
Lendings to financial institutions 340,000,000 180,000,000
Investments 11,349,103,494 12,702,241,117
Advances 8,256,263,088 6,674,954,403
Operating fixed assets 2,625,410,263 2,738,964,706
Other assets 1,610,549,972 1,743,267,307
  24,331,747,467 24,862,305,400
Liabilities
Bills payable - -
Borrowings 10,717,907,824 12,010,452,912
Deposits and other accounts 131,399,425 7,000,000
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 857,778,189 878,194,901
Other liabilities 238,722,007 224,419,749
  11,945,807,445 13,120,067,562
Net assets 12,385,940,022 11,742,237,838
Represented by
Share capital 6,000,000,000 6,000,000,000
Reserves fund 801,227,124 706,004,599
General reserve 358,662,940 358,662,940
Unappropriated profit 2,160,685,872 1,715,039,059
  9,920,575,936 9,379,706,598
Surplus on revaluation of assets - net of tax 2,465,364,086 2,362,531,240
  12,385,940,022 11,742,237,838

Saudi Pak Industrial and Agricultural Investment Company Limited
Profit and Loss Account
  For the year ended December 31, 2016  
 
Dec 31, 2016
Dec 31, 2015
Mark-up / return / interest earned 1,334,803,137 1,717,979,783
Mark-up / return / interest expensed 500,787,199 867,266,996
Net mark-up / interest income 834,015,938 850,712,787
Provisions against non-performing loans and advances - net 112,632,951 2,753,941
Provision for diminution in the value of  investments - net 154,449,144 83,171,688
Bad debts written off directly - -
  267,082,095 85,925,629
Net mark-up / interest income after provisions 566,933,843 764,787,158
Non mark-up / interest income
Fee, commission and brokerage income 13,998,496 9,541,338
Dividend income 124,633,826 106,547,220
(Loss) / gain from dealing in foreign currencies (4,210) 717,935
Gain on sale of securities - net 436,402,149 340,998,278
Unrealized gain on investments classified as held for trading 3,608,666 -
Other income 146,392,289 96,551,699
Total non mark-up / interest income 725,031,216 554,356,470
Non mark-up / interest expense
Administrative expenses 344,482,391 322,429,208
Other (reversal) / provisions (15,368,898) 13,512,000
Other charges - 583,000
Total non mark-up / interest expenses 329,113,493 336,524,208
Extra ordinary / unusual items - -
Profit before taxation 962,851,566 982,619,420
Taxation - current 251,860,519 236,135,952
             - prior years 69,763,310 29,855,048
             - deferred 165,115,110 (7,076,696)
  486,738,939 258,914,304
Profit after taxation 476,112,627 723,705,116
Basic earning per share 0.721 1.097
Auditor(s):

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