Financials -  Yearly
Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Balance Sheet
  As at December 31, 2017  
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 40,327,154 34,292,665
Balances with other banks 285,287,037 151,477,516
Lendings to financial institutions - 340,000,000
Investments 9,133,899,147 11,061,364,020
Advances 8,485,110,408 8,256,518,591
Operating fixed assets 2,678,094,296 2,772,774,625
Deferred tax assets - -
Other assets 1,620,498,197 1,778,535,679
Development properties 246,160,698 129,692,494
  22,462,376,937 24,524,925,590
Liabilities
Bills payable - -
Borrowings 9,176,845,649 10,717,907,824
Deposits and other accounts 7,500,000 131,399,425
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 651,353,904 857,778,189
Other liabilities 243,099,227 258,135,836
  10,078,798,780 11,965,221,274
Net assets 12,383,578,157 12,559,704,316
Represented by
Share capital 6,600,000,000 6,600,000,000
Reserves fund 926,690,686 801,227,124
General reserve 358,662,940 358,662,940
Unappropriated profit 2,924,439,250 2,334,450,166
  10,809,792,876 10,094,340,230
Surplus on revaluation of assets - net of tax 1,573,785,281 2,465,364,086
  12,383,578,157 12,559,704,316

Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2017  
 
Dec 31, 2017
Dec 31, 2016
Mark-up / return / interest earned 1,245,295,806 1,337,143,373
Mark-up / return / interest expensed 492,569,289 500,787,199
Net mark-up / interest income 752,726,517 836,356,174
(Reversals) / Provisions against non-performing loans and advances - net (84,269,333) 112,632,951
Provision for diminution in the value of  investments - net 322,874,872 154,449,144
Bad debts written off directly - -
  238,605,539 267,082,095
Net mark-up / interest income after provisions 514,120,978 569,274,079
Non mark-up / interest income
Fee, commission and brokerage income 32,353,740 13,998,496
Dividend income 194,218,714 124,633,826
Gain / (loss) from dealing in foreign currencies 818,933 (4,210)
Gain on sale of securities - net 339,610,086 436,402,149
Unrealized (loss) / gain on revaluation of investments classified as held for trading (2,297,181) 4,612,754
Other income 181,291,642 179,557,966
Total non mark-up / interest income 745,995,934 759,200,981
Non mark-up / interest expense
Administrative expenses 389,974,235 370,348,655
Other (reversal) / provisions - (17,388,744)
Other charges - -
Total non mark-up / interest expenses 389,974,235 352,959,911
Extraordinary / unusual items - -
Profit before taxation 870,142,677 975,515,149
Taxation - current 294,074,924 254,013,328
             - prior years 43,895,747 69,763,310
             - deferred (99,727,218) 165,115,110
  238,243,453 488,891,748
Profit after taxation 631,899,224 486,623,401
Unappropriated profit brought forward 2,334,450,166 1,878,479,988
Profit available for appropriation 2,966,349,390 2,365,103,389
Attributable to:
Equity holders of the Company 631,899,224 486,623,401
Basic earning per share 0.957 0.737
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.