Financials -  Yearly
Silkbank Limited
Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 7,370,962 7,343,670
Balances with other banks 87,748 194,065
Lendings of financial institutions 706,572 6,260,444
Investments - net 37,488,482 35,512,864
Advances - net 64,802,628 61,074,207
Operating fixed assets 4,101,219 4,496,648
Deferred tax assets - net 3,704,745 4,180,969
Other assets 16,771,466 14,040,004
  135,033,822 133,102,871
Liabilities
Bills payable 3,996,044 2,413,342
Borrowings 30,195,702 33,230,182
Deposits and other accounts 86,787,423 81,097,581
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 10,694 14,145
Deferred tax liabilities - -
Other liabilities 1,989,371 1,770,959
  122,979,234 118,526,209
Net assets 12,054,588 14,576,662
Represented by
Share capital 77,998,099 77,998,099
Discount on issue of right shares (56,566,725) (56,566,725)
Reserves 327,845 180,134
Advance against shares subscription 2,000,000 2,000,000
Convertible preference shares - 2,200,000
Accumulated loss (11,757,111) (11,334,916)
  12,002,108 14,476,592
Surplus on revaluation of assets - net of tax 52,480 100,070
  12,054,588 14,576,662

Silkbank 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 9,959,053 8,933,315
Mark-up / return / interest expensed (5,609,691) (5,833,685)
Net mark-up / interest income 4,349,362 3,099,630
Reversal / (provision) against non-performing loans and advances - net (specific) 9,007 (589,293)
Reversal / (provision) against consumer financing - net 37,253 (88,190)
Recovery against written off loans 26,219 3,823
Provision for diminution in the value of investments - net - (5,344)
Impairment in the value of investment (23,684) (45,373)
  48,795 (724,377)
Net mark-up / interest income after provisions 4,398,157 2,375,253
Non mark-up / interest income
Fee, commission and brokerage income 1,241,599 976,838
Dividend income 58,911 40,652
Income from dealing in foreign currencies 154,203 181,696
Gain on sale of securities - net 145,019 650,948
Unrealized (loss) / gain on revaluation of investment - held for trading (488) 1,291
Other income 613,420 42,898
Total non-markup / interest income 2,212,664 1,894,323
  6,610,821 4,269,576
Non mark-up / interest expenses
Administrative expenses (5,500,470) (5,268,719)
Other reversals / (provision) / (write offs) - net 305,359 (762,976)
Other charges (130,578) (77,583)
Total non-mark-up / interest expenses (5,325,689) (6,109,278)
  1,285,132 (1,839,702)
Extra ordinary / unusual items - -
Profit / (loss) before taxation 1,285,132 (1,839,702)
Taxation - current - -
             - prior years (47,848) (92,322)
             - deferred (498,731) 220,419
  (546,579) 128,097
Profit / (loss) after taxation 738,553 (1,711,605)
Basic earnings / (loss) per share  0.09 (0.58)
Diluted earnings / (loss) per share  0.09 (0.58)
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.