Financials -  Yearly
Al Baraka Bank (Pakistan) Limited
Statement of Financial Position
  As at December 31, 2017
(Rupees in ' 000)
 
2017
2016
Assets
Cash and balances with treasury banks 8,915,585 18,725,350
Balances with other banks 2,932,165 984,125
Due from financial institutions 5,095,411 2,692,703
Investments 19,393,486 24,601,518
Islamic Financing and related assets 71,203,056 66,785,266
Operating fixed assets 4,082,153 4,502,269
Deferred tax assets 3,238,985 2,873,137
Other assets 5,799,760 5,634,265
  120,660,601 126,798,633
Liabilities
Bills payable 1,691,141 1,386,390
Due to financial institutions 3,209,400 3,223,109
Deposits and other accounts 98,589,904 105,843,084
Sub-ordinated loans 2,642,852 1,428,568
Deferred tax liabilities - -
Other liabilities 3,765,083 3,527,979
  109,898,380 115,409,130
Net assets 10,762,221 11,389,503
Represented by
Share capital 13,739,628 13,739,628
Discount on issuance of shares - net (632,766) (632,766)
Reserves 159,348 159,348
Accumulated loss (2,675,723) (2,281,369)
  10,590,487 10,984,841
Surplus on revaluation of assets - net of tax 171,734 404,662
  10,762,221 11,389,503

Al Baraka Bank (Pakistan) Limited
Profit and Loss Account
  For the year ended December 31, 2017
(Rupees in ' 000)
 
2017
2016
Profit / return earned on Islamic financings related assets, investments and placements 6,717,570 5,158,073
Return on deposits and other dues expensed (3,077,721) (2,794,910)
Net spread earned 3,639,849 2,363,163
Reversal of provision against non-performing Islamic financing and related assets 15,709 167,580
Provision for diminution in the value of investments (114,042) (3,330)
  (98,333) 164,250
Net spread after provisions 3,541,516 2,527,413
Other income
Fee, commission and brokerage income 667,109 521,529
Dividend income 44,469 20,182
Income from dealing in foreign currencies 173,949 133,413
(Loss) / gain on sale of securities (4,659) 194,346
Unrealized loss on revaluation of investments classified as held-for-trading (6,098) -
Other income 93,026 4,730
Total other income 967,796 874,200
  4,509,312 3,401,613
Other expenses
Administrative expenses (4,929,047) (3,414,381)
Other provisions / write off (87,021) (87,476)
Other charges (24,317) (504)
Total other expenses (5,040,385) (3,502,361)
  (531,073) (100,748)
Extra ordinary / unusual items - -

Loss before taxation

(531,073) (100,748)
Taxation - current (96,143) (60,323)
             - prior year - -
             - deferred 237,778 5,544
  141,635 (54,779)
Loss after taxation (389,438) (155,527)
Loss per share - basic / diluted (rupees) (0.28) (0.17)
Auditor(s):

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