Financials -  Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2017 (Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with SBP and NBP 1,204,886 840,523
Balances with other banks / NBFIs / MFBs 2,638,550 2,111,977
Lending to financial institutions - -
Investments - net of provisions 5,934,139 4,627,558
Advances - net of provisions 14,394,668 8,183,228
Operating fixed assets 724,983 496,359
Other assets 1,001,745 584,933
Deferred tax asset 41,717 33,653
Total assets 25,940,688 16,878,231
Liabilities
Deposits and other accounts 20,887,192 12,237,466
Borrowing - 297,820
Subordinated debt - -
Other liabilities 547,947 512,441
Deferred tax liabilities - -
Total liabilities 21,435,139 13,047,727
Net assets 4,505,549 3,830,504
Represented by
Share capital 2,730,811 2,730,811
Share premium 620,690 620,690
Statutory and general reserves 326,723 189,569
Depositors' protection fund 92,696 55,014
Accumulated profit 735,345 231,578
  4,506,265 3,827,662
(Deficit)/ surplus on revaluation of assets (716) 1,248
Deferred grants - 1,594
Total capital 4,505,549 3,830,504

The First MicroFinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2017 (Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Markup / return / interest earned 3,719,299 2,480,263
Markup / return / interest expensed (856,648) (580,886)
Net markup / interest income 2,862,651 1,899,377
Provision against non-performing loans and advances (113,461) (31,624)
Recovery against written off advances 21,875 16,012
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (91,586) (15,612)
Net markup / interest income after provisions 2,771,065 1,883,765
Non mark-up / non interest income
Fee, commission and brokerage income 288,312 158,770
Dividend income - -
Amortization of deferred grant 1,594 1,182
Other income 12,279 10,609
Total non-markup / non interest income 302,185 170,561
  3,073,250 2,054,326
Non mark-up / non interest expenses
Administrative expenses (2,061,717) (1,559,937)
Grant related expenses (1,594) (1,182)
Other provisions / write offs - -
Other charges (2,687) (4,663)
Total non-markup / non interest expenses (2,065,998) (1,565,782)
  1,007,252 488,544
Extra ordinary / unusual items - -
Profit before taxation 1,007,252 488,544
Taxation - current (327,291) (152,295)
             - prior years (2,253) (5,957)
             - deferred 8,064 (14,033)
  (321,480) (172,285)
Profit after taxation 685,772 316,259
Accumulated profit brought forward 242,981 8,272
Profit before appropriation 928,753 324,531
Appropriations - Transfer to:
Statutory reserve (137,154) (63,252)
Capital reserve - -
Contribution to depositors protection fund: 5% of Profit after tax (34,289) (15,813)
Interest on Investment  (3,393) (2,485)
Revenue reserve - -
Dividend - -
  (174,836) (81,550)
Accumulated Profit carried forward 753,917 242,981
Earning per share (Rupees) 2.51 1.44
Auditor(s):

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