Financials -  Yearly
     
House Building Finance Company Limited
Balance Sheet 
  As at December 31, 2017  
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 53,531 121,378
Balances with other banks 771,582 650,310
Lendings to financial institutions 851,542 400,188
Investments - net 6,489,513 6,841,040
Advances - net 11,449,397 11,816,929
Opened fixed assets 292,715 315,461
Deferred tax assets - net - -
Other assets 421,793 761,165
  20,330,073 20,906,471
Liabilities
Bills payable - -
Borrowings - -
Deposits and other accounts - -
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 5,300,971 6,587,429
  5,300,971 6,587,429
Net assets 15,029,102 14,319,042
Represented by
Share capital 19,365,000 3,001,000
Reserve 1,037,680 713,662
Accumulated loss (5,375,752) (5,757,934)
  15,026,928 (2,043,272)
Conversion of liabilities into share capital - 16,364,000
Surplus / (deficit) on revaluation of assets 2,174 (1,686)
  15,029,102 14,319,042

 House Building Finance Company Limited
 Profit and Loss Account
  For the year ended December 31, 2017  
 
Dec 31, 2017
Dec 31, 2016
Rental / Mark-up / return / interest income 2,268,561 2,606,851
Rental / Mark-up / return / interest expensed - (1,068,019)
Rental / Net mark-up / interest income - net 2,268,561 1,538,832
Reversal / (provision) against non-performing advances - net 655,502 (869,068)
Reversal of provision against lendings to finance institutions 1,114 17,619
Reversal of Provision against diminution in value of investments - net 24,844 -
  681,460 (851,449)
Reconciliation adjustments (75) (847)
Relief package and reprocessing adjustments (7,405) (9,736)
Ghar asaan incentive Scheme (86,468) -
Write-off against advances (598) (805)
  2,855,475 675,995
Non mark-up / interest income
Fee, commission and brokerage income - -
Dividend income - -
Income from dealing in foreign currencies - -
(Loss) / gain on sale of securities (487) 7,920
Unrealized gain / (loss) on revaluation of investment classified as held for trading - -
Other income 185,835 273,250
Total non mark-up / interest income 185,348 281,170
  3,040,823 957,165
Non mark-up / interest expense
Administrative expenses (1,017,816) (1,758,099)
Other provisions (2,488) (32,367)
Other charges (8,073) (9,552)
Total non mark-up / interest expenses (1,028,377) (1,800,018)
  2,012,446 (842,853)
Extra-ordinary / unusual items - -
Share of profit before taxation from associate 1,430 6,986
Profit / (loss) before taxation 2,013,876 (835,867)
Taxation (393,786) (30,083)
Profit / (loss) after taxation 1,620,090 (865,950)
Basic & diluted earning per share - Rupees 1.16 (2.89)
Auditor(s):

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