Financials -  Yearly
Pak Oman 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 169,886 88,884
Balances with other banks 2,012,314 1,670,921
Lendings to financial institutions 2,038,288 935,826
Investments - net 40,240,634 20,831,182
Advances - net 18,788,493 14,834,851
Operating fixed assets 81,901 85,263
Deferred tax assets - net 558,070 439,434
Other assets 779,804 919,994
  64,669,390 39,806,355
Liabilities
Bills payable - -
Borrowings 44,607,690 25,150,898
Deposits and other accounts 10,501,149 5,342,975
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 1,346 1,671
Deferred tax liabilities - -
Other liabilities 1,435,848 849,613
  56,546,033 31,345,157
Net assets 8,123,357 8,461,198
Represented by
Share capital 6,150,000 6,150,000
Reserves 1,071,761 984,427
Unappropriated profit 838,056 972,325
  8,059,817 8,106,752
Surplus on revaluation of assets - net of deferred tax 63,540 354,446
  8,123,357 8,461,198

Pak Oman 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 3,955,607 2,287,972
Mark-up / return / interest expensed 3,099,597 1,436,373
Net mark-up / interest income 856,010 851,599
(Reversal) / provision against non-performing advances (186,343) 168,179
Provision / (reversal) for diminution in the value of investments 18,030 (161,531)
Bad debts written off directly - -
  (168,313) 6,648
Net mark-up / interest income after provisions 1,024,323 844,951
Non mark-up / interest income
Fee, commission and brokerage income 61,204 60,302
Dividend income 94,429 121,236
Income from dealing in foreign currencies - -
Gain on sale of securities 181,622 638,804
Unrealised gain on revaluation of investments classified as held-for-trading 1,512 2,581
Other income 1,670 4,750
Total non markup / interest income 340,437 827,673
  1,364,760 1,672,624
Non mark-up / interest expenses
Administrative expenses 573,254 568,798
Other provisions / write offs - -
Other charges 46,973 78,537
Total non markup / interest expenses 620,227 647,335
  744,533 1,025,289
Extra ordinary / unusual items - -
Profit before taxation 744,533 1,025,289
Taxation - current 277,563 340,939
             - prior years 38,904 3,206
             - deferred (8,602) (24,470)
  307,865 319,675
Profit after taxation 436,668 705,614
Unappropriated profit brought forward 972,325 776,899
Profit available for appropriation 1,408,993 1,482,513
Basic and diluted earnings per share 0.71 1.15
Auditor(s): KPMG Taseer Hadi & Co.

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