Financials - Half Yearly
Pak China Investment Company Limited
 Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
June 30, 2017
Jun 30, 2016
Assets
Cash and balances with treasury banks 26,529,844 2,080,940,035
Balances with other banks 2,168,944,684 3,086,523,031
Lending's to financial institutions - 2,647,918,347
Investments 13,848,108,959 7,734,253,189
Advances 7,899,991,599 6,039,819,501
Operating fixed assets 174,362,497 177,302,573
Deferred tax assets 104,637,929 131,269,202
Other assets 198,390,647 620,213,706
  24,420,966,159 22,518,239,584
Liabilities
Bills payable - -
Borrowings 9,576,859,910 8,196,454,866
Deposits and other accounts - -
Subordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 175,535,989 195,701,401
  9,752,395,899 8,392,156,267
Net assets 14,668,570,260 14,126,083,317
Represented by
Share capital 9,116,400,000 9,116,400,000
Reserves 1,110,843,079 977,364,488
Unappropriated profit 4,441,081,441 3,907,167,079
  14,668,324,520 14,000,931,567
Surplus on revaluation of assets - net of tax 245,740 125,151,750
  14,668,570,260 14,126,083,317

Pak China Investment Company Limited
 Profit and Loss Account
  For the six months ended June, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 1,221,634,298 990,161,388
Mark-up / return / interest expensed (669,157,259) (293,493,410)
Net mark-up / interest income 552,477,039 696,667,978
Provision against non-performing loans and advances (32,062,293) (140,292,676)
(Reversal) / provision for diminution in the value of investments (71,805,000) 71,805,000
Bad debts written off directly - -
  (103,867,293) (68,487,676)
Net mark-up / interest income after provisions 656,344,332 765,155,654
Non mark-up / interest income
Fee, commission and brokerage income 178,242,678 65,700,276
Dividend income - 1,000,000
income from dealing in foreign currency - -
Exchange gain 58,884,810 2,736,306
Gain on sale of securities 430,881,857 356,628,069
Unrealized gain / (loss) on revaluation of investment classified as held-for-trading - -
Other income 10,204,645 9,446,952
Share in profit of associated companies 46,631,684 -
Total non-markup / interest income 724,845,674 435,511,603
  1,381,190,006 1,200,667,257
Non mark-up / interest expenses
Administrative expenses 326,916,517 321,626,030
Impairment loss on investments 33,118,151 1,392,956
Other charges 51,352,478 19,177,411
Total non-markup / interest expenses 411,387,146 342,196,397
  969,802,860 858,470,860
Extra ordinary / unusual items - -
Profit before taxation 969,802,860 858,470,860
Taxation - current 183,405,985 285,199,975
             - prior years 82,656,601 35,391,315
             - Deferred 33,145,371 (77,249,821)
  299,207,957 243,341,469
Profit after taxation 670,594,903 615,129,391
Unappropriated profit brought forward 4,029,905,638 3,414,776,247
Profit available for appropriation 4,700,500,541 4,029,905,638
Basic and diluted earnings per share 0.74 0.67
Auditor(s):

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