Financials -  Yearly
Summit Bank Limited
Consolidated Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 12,786,629 10,539,924
Balances with other banks 2,582,694 2.919.394
Lendings to financial institutions 1,631,583 1,000,000
Investments 90,364,950 78,016,205
Advances 79,844,271 70,554,280
Operating fixed assets 12,326,303 9,589,774
Deferred tax assets - net 5,151,050 5,545,433
Other assets 10,298,579 10,200,685
  214,986,059 188,365,695
Liabilities
Bills payable 5,061,470 2,728,797
Borrowings 49,819,840 49,755,998
Deposits and other accounts 142,735,727 119,742,108
Sub-ordinated loans 1,496,550 1,497,240
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 3,227,249 2,693,008
  202,340,836 176,417,151
Net assets 12,645,223 11,948,544
Represented by
Share capital 17,786,663 10,779,796
Convertible preference shares 2,155,959 2,155,959
Advance against subscription of shares 1,854,870 7,006,867
Reserves (1,722,341) (1,722,341)
Accumulated losses (9,541,930) (7,430,321)
  10,533,221 10,789,960
Surplus on revaluation of assets - net of deferred tax 2,112,002 1,158,584
  12,645,223 11,948,544

Summit Bank Limited
Consolidated 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 10,629,247 10,709,851
Mark-up / return / interest expensed (7,853,065) (7,653,842)
Net mark-up / interest income 2,776,182 3,056,009
Provision against non-performing loans and advances - net (1,910,761) (1,195,844)
Provision for diminution in the value of investments - net (13,527) (375,398)
Bad debts written off directly (114) (4,166)
  (1,924,402) (1,575,408)
Net mark-up / interest income after provisions 851,780 1,480,601
Non mark-up / interest income
Fee, commission and brokerage income 1,350,831 1,272,680
Dividend income 63,296 79,784
Income from dealing in foreign currencies 488,272 534,090
Gain on sale of securities - net 1,189,824 2,443,376
Gain on disposal of operating fixed assets - net 47,426 2,895
Unrealised loss on revaluation of investments classified as held-for-trading - net (16,009) (13,498)
Other income 101,643 104,122
Total non-markup / interest income 3,225,283 4,423,449
  4,077,063 5,904,050
Non mark-up / interest expenses
Administrative expenses (5,902,575) (5,188,247)
Other provisions / write-offs (71,822) 8,079
Other charges (43,559) (30,989)
Total non-markup / interest expenses (6,017,956) (5,211,157)
  (1,940,893) 692,893
Extra ordinary / unusual items - -
(Loss) / profit before taxation (1,940,893) 692,893
Taxation - current (132,029) (137,032)
             - prior years - (57)
             - deferred (118,557) (317,601)
  (250,586) (454,690)
(Loss) / profit after taxation (2,191,479) 238,203
Basic (loss) / earnings per share (1.01) 0.16
Diluted (loss) / earnings per share (1.01) 0.10
Auditor(s):

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