Financials -  Yearly
MCB Islamic Bank Limited
Statement of Financial Position
  As at December 31, 2017
(Rupees in ' 000)
 
2017
2016
Assets
Cash and balances with treasury banks 3,390,753 1,509,804
Balances with other banks 2,703,251 2,750,998
Due from financial institutions 1,400,000 -
Investments - net 9,186,213 5,769,675
Islamic financing and related assets - net 31,472,935 16,172,727
Operating fixed assets 2,622,993 2,104,250
Deferred tax assets - net 289,465 -
Other assets - net 705,156 261,048
  51,770,766 28,568,502
Liabilities
Bills payable 314,210 447,776
Due to financial institutions 7,926,790 2,785,650
Deposits and other accounts 32,690,808 14,279,436
Sub-ordinated loan - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - 40,524
Other liabilities 1,208,179 749,243
  42,139,987 18,302,629
Net assets 9,630,779 10,265,873
Represented by
Share capital 10,000,000 10,000,000
Reserves 26,444 26,444
(Accumulated loss) / unappropriated profit (194,065) 68,087
  9,832,379 10,094,531
(Deficit) / surplus on revaluation of assets - net of tax (201,600) 171,342
  9,630,779 10,265,873

MCB Islamic Bank Limited
Profit and Loss Account
  For the year ended December 31, 2017
(Rupees in ' 000)
 
2017
2016
Profit / return earned 2,060,927 1,526,778
Profit / return expensed 1,005,671 576,544
Net spread earned 1,055,256 950,234
Reversal of provision against non-performing Islamic financing and related assets - net (55) (94,137)
Provision for diminution in the value of investments - net - -
Bad debts written off directly - -
  (55) (94,137)
Net spread after provisions 1,055,311 1,044,371
Other income
Fee, commission and brokerage income 46,325 34,678
Dividend income 84,593 58,802
Income from dealing in foreign currencies 29,846 17,322
Unrealized gain / (loss) on revaluation of investments classified as held for trading - -
Gain on sale of securities - net 267,763 137,370
Other income 10,483 10,992
Total other income 439,010 259,164
  1,494,321 1,303,535
Other expenses
Administrative expenses 1,845,119 1,187,266
Other write off 1 -
Other charges 128 2,296
Total other expenses 1,845,248 1,189,562
Extra ordinary / unusual item - -
(Loss) / profit before taxation (350,927) 113,973
Taxation - current (31,249) (17,859)
             - prior periods (4,488) (4,866)
             - deferred 123,667 (11,331)
  87,930 (34,056)
(Loss) / profit after taxation (262,997) 79,917
Unappropriated profit brought forward 84,070 4,153
(Accumulated loss) / unappropriated profit carried forward (178,927) 84,070
Basic / diluted (loss) / earnings per share - after tax (Rupees) (0.263) 0.080
Auditor(s):

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