Financials - Yearly
 Pakistan Kuwait Investment Company (Private) Limited
Balance Sheet
  As at December 31, 2017
(Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 61,148 61,995
Balances with other banks 18,730 16,691
Lendings to financial institutions 2,476,726 2,632,880
Investments 22,922,841 21,206,169
Advances 3,166,570 4,422,496
Operating fixed assets 196,533 201,875
Deferred tax assets - -
Other assets 286,616 399,306
  29,129,164 28,941,412
Liabilities
Bills payable - -
Borrowings 2,562,007 2,661,764
Deposits and other accounts 2,500 3,650
Subordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 1,283,926 1,135,537
Other liabilities 473,321 453,141
  4,321,754 4,254,092
Net assets 24,807,410 24,687,320
Represented by
Share capital 6,000,000 6,000,000
Reserves 7,431,389 6,876,320
Unappropriated profit 10,696,759 9,946,000
  24,128,148 22,822,320
Surplus on revaluation of 'available-for-sale' securities - net of tax 679,262 1,865,000
  24,807,410 24,687,320

 Pakistan Kuwait Investment Company (Private) 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 740,818 1,027,732
Mark-up / return / interest expensed 104,125 244,012
Net mark-up / interest income 636,693 783,720
Reversal of provision against non-performing loans and advances - net (284,942) (66,941)
Provision for diminution / impairment in the value of investments 211,237 66,349
Bad debts written off directly - -
  (73,705) (592)
Net mark-up / interest income after provisions 710,398 784,312
Non mark-up / interest income
Fee, commission and brokerage income 2,104 4,374
Dividend income 233,885 330,195
Income from dealing in foreign currencies - -
Gain on sale of securities 89,776 318,077
Unrealised gain on revaluation of 'held-for-trading' securities 4,455 2,330
Share in results of associates - net 2,055,026 3,094,625
Other income 17,677 37,395
Total non mark-up / interest income 4,402,923 3,786,996
Non mark-up / interest expenses
Administrative expenses 509,869 484,948
Provision for impairment in other assets 9,740 -
Reversal of provision of fixed assets and non-current assets held for sale - net - (42,106)
Other charges 60 -
Total non mark-up / interest expenses 519,669 442,842
Extra ordinary / unusual items - -
Profit before taxation 2,593,652 4,128,466
Taxation - current 401,978 419,576
             - prior years - -
             - deferred 341,445 256,396
  743,423 675,972
Profit after taxation 1,850,229 3,452,494
Basic earnings per share (on share of Rs. 25,000 each) 7,709 14,385
Diluted earnings per share (on share of Rs. 25,000 each) 7,709 14,385
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.