Financials -  Yearly
SME Bank Ltd
 Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 560,802 390,011
Balances with other banks 4,226 1,739
Lendings to financial institutions 445,000 885,000
Investments 4,869,535 4,117,491
Advances 2,771,720 2,751,710
Operating fixed assets 101,859 120,283
Deferred tax assets - net 256,177 -
Other assets 368,896 350,292
  9,378,215 8,616,526
Liabilities
Bills payable 95,443 114,107
Borrowings 3,460,326 2,888,685
Deposits and other accounts 5,228,716 4,770,201
Sub-ordinated loans - -
Liability against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 573,082 487,217
  9,357,567 8,260,210
Net assets 20,648 356,316
Represented by
Share capital 2,392,507 2,392,507
Reserves 206,526 206,526
Unappropriated loss (2,590,705) (2,296,206)
  8,328 302,827
Surplus on revaluation of assets - net of tax 12,320 53,489
  20,648 356,316

SME Bank Ltd
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 615,070 705,267
Mark-up / return / interest expensed 441,204 436,280
Net mark-up / interest income 173,866 268,987
Reversal of provision against non-performing loans and advances - net (2,102) (62,867)
Reversal of provision for diminution in the value of investments (62,164) -
Bad debts written off directly - -
  (64,266) (62,867)
Net markup / interest income after provisions 238,132 331,854
Non mark-up / interest income
Fee, commission and brokerage income 12,520 11,022
Dividend income 498 1,395
Income from dealing in foreign currencies - -
Gain on sale of securities 32,733 32,536
Unrealized gain on revaluation of investments classified as held for trading - -
Other income 1,519 2,981
Total non mark-up / interest income 47,270 47,934
  285,402 379,788
Non mark-up / interest expense
Administrative expenses 740,332 645,250
Other provisions / write offs 1,888 8,282
Other charges - 826
Total non mark-up / interest expenses 742,220 654,358
  (456,818) (274,570)
Extra ordinary / unusual items - -
Loss before taxation (456,818) (274,570)
Taxation - current 6,654 7,587
             - prior - -
             - deferred (264,230) -
  (257,576) 7,587
Loss after taxation (199,242) (282,157)
Unappropriated loss brought forward (2,296,206) (1,972,670)
Loss available for appropration (2,495,448) (2,254,827)
Basic / diluted loss per share (Rupees) (0.83) (1.18)
Auditor(s):

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