Financials -  Yearly
Sindh 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 1,949,600 10,022
Balance with other banks 580,005,055 355,843,727
Lendings to financial institutions 100,000,000 400,000,000
Investments - net of provisions - -
Advances - net of provisions 68,657,071 -
Operating fixed assets 7,399,608 2,524,053
Other assets 22,680,807 8,182,149
Deferred tax asset-net - 1,082,485
  Total assets 780,692,141 767,642,436
Liabilities
Deposits and other accounts 1,138,626 -
Borrowings - -
Subordinated debt - -
Other liabilities 1,472,269 2,429,615
Deferred tax liabilities-net 407,907 -
Total liabilities 3,018,802 2,429,615
Net assets 777,673,339 765,212,821
Represented by:
Share capital 750,000,000 750,000,000
Statutory and General Reserves 5,534,666 3,042,562
Depositors' protection fund 1,383,667 760,641
Unappropriated profit 20,755,006 11,409,618
  777,673,339 765,212,821
Surplus / (deficit) on revaluation of assets - -
Deferred grants - -
Total equity 777,673,339 765,212,821

Sindh 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 60,809,161 38,501,984
Mark-up / return / interest expensed - -
Net mark-up / interest income 60,809,161 38,501,984
Provision against non-performing loans and advances (693,506) -
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (693,506) -
Net mark-up / interest income after provisions 60,115,655 38,501,984
Non mark-up / non interest income
Fee commission and brokerage income - -
Dividend income - -
Other income 16,000 -
  16,000 -
Total non mark-up / non interest income 60,131,655 38,501,984
Non mark-up / interest expense
Administrative expenses (39,390,336) (15,097,644)
Other provisions / write offs - -
Other charges - -
Total non mark-up / non interest expenses (39,390,336) (15,097,644)
Extraordinary / unusual items - -
Profit before taxation 20,741,319 23,404,340
Taxation - current 6,900,501 9,274,004
             - prior (48,946) -
             - deferred 1,429,246 (1,082,485)
  (8,280,801) (8,191,519)
Profit after taxation 12,460,518 15,212,821
Unappropriated profit - brought forward 11,409,618 -
Profit available for appropriation 23,870,136 15,212,821
Appropriations:
Transfer to    
 - Statutory reserve 2,492,104 3,042,562
 - Capital reserve - -
 - Contribution to depositors' protection fund 623,026 760,641
 - Revenue reserve - -
- Proposed dividend - -
Unappropriated profit - carried forward 20,755,006 11,409,618
Earnings per share 0.17 0.20
Auditor(s):

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