Financials -  Yearly
PAIR Investment Company Limited
Balance Sheet
  As at December 31, 2017
(Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 37,870 64,205
Balances with other banks 91,727 432,783
Lendings to financial institutions 970,000 -
Investments 11,044,299 11,842,973
Advances 4,652,932 5,424,351
Operating fixed assets 198,003 176,982
Deferred tax assets - net 260,554 238,128
Other assets 430,280 419,049
  17,685,665 18,598,471
Liabilities
Bills payable - -
Borrowings 6,370,738 6,549,981
Deposits and other accounts 1,814,001 2,079,728
Liabilities against assets subject to finance lease - -
Sub-ordinated loans - -
Deferred tax liabilities - -
Other liabilities 245,594 518,803
  8,430,333 9,148,512
Net assets 9,255,332 9,449,959
Represented by
Share capital 6,000,000 6,000,000
Reserves 840,066 794,107
Unappropriated profit 2,452,552 2,572,774
  9,292,618 9,366,881
(Deficit) Surplus on revaluation of assets (37,286) 83,078
  9,255,332 9,449,959

PAIR Investment Company Limited
Profit and Loss Account
  For the year ended December 31, 2017
(Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Mark-up / return / interest earned 1,045,117 1,243,694
Mark-up / return / interest expensed 387,358 533,274
Net mark-up / interest income 657,759 710,420
Reversal for non-performing loans and advances (3,635) (49,647)
Provision / (reversal) of provision for diminution in the value of investments 70,226 (366,209)
  66,591 (415,856)
Net mark-up / interest income after provisions 591,168 1,126,276
Non mark-up / interest income
Fee, commission and brokerage income 10,327 19,631
Dividend income 39,683 30,205
(Loss) / gain from dealing in foreign currencies (771) 408
Gain on sale of securities - net 69,591 4,913
Unrealised gain / (loss) on revaluation of investments classified as held for trading - net 9,680 (1,920)
Other income - 5
Total non mark-up / interest income 128,510 53,242
Non mark-up / interest expenses
Administrative expenses 351,414 318,148
Other charges 50 279
Total non mark-up / interest expenses 351,464 318,427
  368,214 861,091
Extraordinary / unusual items - -
Profit before taxation 368,214 861,091
Taxation - current 120,909 214,558
             - prior year - 10,984
             - deferred 17,510 32,258
  138,419 257,800
Profit after taxation 229,795 603,291
Basic and diluted earnings per share - (Rupees) 0.38 1.01
Auditor(s):

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