Financials -  Yearly
Silkbank Limited
Statement of Financial Position
  As at December 31, 2017
(Rupees in ' 000)
 
2017
2016
Assets
Cash and balances with treasury banks 8,413,176 7,370,962
Balances with other banks 218,420 87,748
Lendings of financial institutions 8,620,649 706,572
Investments - net 38,266,735 37,488,482
Advances - net 85,850,715 64,802,628
Operating fixed assets 4,176,746 4,101,219
Deferred tax assets - net 3,476,129 3,704,745
Other assets 17,831,962 16,771,466
  166,854,532 135,033,822
Liabilities
Bills payable 3,192,981 3,996,044
Borrowings 35,582,000 30,195,702
Deposits and other accounts 110,277,807 86,787,423
Sub-ordinated loans 2,000,000 -
Liabilities against assets subject to finance lease 6,880 10,694
Deferred tax liabilities - -
Other liabilities 2,613,518 1,989,371
  153,673,186 122,979,234
Net assets 13,181,346 12,054,588
Represented by
Share capital 90,818,612 77,998,099
Discount on issue of right shares (67,387,238) (56,566,725)
Reserves 554,903 327,845
Advance against shares subscription - 2,000,000
Accumulated loss (10,857,654) (11,757,111)
  13,128,623 12,002,108
Surplus on revaluation of assets - net of tax 52,723 52,480
  13,181,346 12,054,588

Silkbank Limited
Profit And Loss Account
  For the year ended December 31, 2017
(Rupees in ' 000)
 
2017
2016
Mark-up / return / interest earned 11,670,271 9,959,053
Mark-up / return / interest expensed (6,184,217) (5,609,691)
Net mark-up / interest income 5,486,054 4,349,362
(Provision) / reversal of provision against non-performing loans and advances - net (specific) (299,276) 9,007
(Provision) / reversal of provision against small enterprise and consumer financing - net (77,731) 37,253
Recovery against written off loans 111,155 26,219
Provision for diminution in the value of investments - net - -
Impairment in the value of investment (22,723) (23,684)
  (288,575) 48,795
Net mark-up / interest income after provisions 5,197,479 4,398,157
Non mark-up / interest income
Fee, commission and brokerage income 1,516,926 1,241,599
Dividend income 47,611 58,911
Income from dealing in foreign currencies 192,938 154,203
Gain on sale of securities - net 17,338 145,019
Unrealized gain / (loss) on revaluation of investment - held for trading 3,476 (488)
Other income 1,165,179 613,420
Total non-markup / interest income 2,943,468 2,212,664
  8,140,947 6,610,821
Non mark-up / interest expenses
Administrative expenses (6,341,426) (5,500,470)
Other (provisions) / reversals / (write offs) - net (265,162) 305,359
Other charges (147,811) (130,578)
Total non-mark-up / interest expenses (6,754,399) (5,325,689)
  1,386,548 1,285,132
Extra ordinary / unusual items - -
Profit / (loss) before taxation 1,386,548 1,285,132
Taxation - current - -
             - prior years 5,399 (47,848)
             - deferred (256,659) (498,731)
  (251,260) (546,579)
Profit / (loss) after taxation 1,135,288 738,553
Basic earnings per share  (Rupees) 0.13 0.09
Diluted earnings per share  (Rupees) 0.13 0.09
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.