Financials -  Yearly
Tameer MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 3,116,926 1,588,338
Balances with other banks 2,558,937 1,118,190
Lendings to financial institutions 323,215 346,702
Investments 11,568,227 3,784,189
Advances - net of provisions 15,835,248 12,125,628
Operating fixed assets 1,041,611 645,474
Other assets 1,844,687 1,433,577
Deferred tax asset - net 14,795 16,025
Total assets 36,303,646 21,058,123
Liabilities
Deposits and other accounts 27,829,780 15,555,258
Borrowings - 85,474
Sub-ordinated debt - -
Other liabilities 3,887,957 1,728,108
Deferred tax liabilities - net - -
Total liabilities 31,717,737 17,368,840
Net assets 4,585,909 3,689,283
Represented by
Share capital 1,346,939 1,346,939
Reserves 1,286,756 1,050,952
Accumulated profit 1,943,880 1,260,896
  4,577,575 3,658,787
Deficit on revaluation of assets - net of deferred tax (1,527) (836)
Deferred grants 9,861 31,332
  4,585,909 3,689,283

Tameer 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 4,486,604 3,503,342
Mark-up / return / interest expensed (1,113,495) (662,922)
Net mark-up / interest income 3,373,109 2,840,420
Provision against non-performing loans and advances (66,384) (43,262)
Provision for diminution in the value of investments - -
Bad debts written off directly (37,171) (36,514)
  (103,555) (79,776)
Net mark-up / non interest income after provisions 3,269,554 2,760,644
Non mark-up / non interest income
Fee, commission and brokerage income 1,530,390 1,475,761
Dividend income - -
Other income 122,830 118,297
Total non-mark-up / non interest income 1,653,220 1,594,058
  4,922,774 4,354,702
Non mark-up / non interest expenses
Administrative expenses (3,485,207) (3,045,569)
Other provisions / write offs (37,396) -
Other charges (30,886) (26,839)
Total non-mark-up / non interest expenses (3,553,489) (3,072,408)
  1,369,285 1,282,294
Extra ordinary / unusual items - -
Profit before taxation 1,369,285 1,282,294
Taxation - current (453,569) (414,004)
             - prior (28,897) (29,952)
             - deferred 8,535 13,402
  (473,931) (430,554)
Profit after taxation 895,354 851,740
Other comprehensive income    
Items not to be reclassified to profit and loss account in subsequent periods - net of tax 23,434 (14,865)
Total comprehensive income for the year 918,788 836,875
Accumulated profit brought forward 1,260,896 646,831
Profit available for appropriation 2,179,684 1,483,706
Appropriations: Transfer to:    
Statutory reserve (179,071) (170,348)
Capital reserve - -
Depositors protection fund (56,733) (52,462)
Contribution to MSDF / DPF / RMF - -
Revenue reserve - -
Proposed cash dividend - -
Accumulated profit carried forward 1,943,880 1,260,896
Earnings per share - basic and diluted (Rupees) 6.65 6.32
Auditor(s):

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