Financials -  Yearly
Sindh Microfinance Bank Limited
Balance Sheet
  As at December 31, 2017
(Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balance with SBP and NBP 1,005,398 516,805
Balance with other banks 423,921,212 581,437,850
Lending to financial institutions - 100,000,000
Investments - net of provisions - -
Advances - net of provisions 338,388,828 68,657,071
Operating fixed assets 9,012,416 7,399,608
Other assets 31,577,415 22,680,807
Deferred tax assets - net - -
  803,905,269 780,692,141
Liabilities
Deposits and other accounts 1,373,112 1,138,626
Borrowings - -
Subordinated debt - -
Other liabilities 2,729,942 1,472,269
Deferred tax liabilities-net 403,533 407,907
Total liabilities 4,506,587 3,018,801
Net assets 799,398,682 777,673,339
Represented by:
Share capital 750,000,000 750,000,000
Statutory and General Reserves 9,879,735 5,534,666
Depositor's protection fund 2,469,934 1,383,667
Unappropriated profit 37,049,013 20,755,006
  799,398,682 777,673,339
Surplus / (deficit) on revaluation of assets - -
Deferred grants - -
Total equity 799,398,682 777,673,339

Sindh Microfinance Bank 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 119,668,435 60,809,161
Mark-up / return / interest expensed (5,290) (236)
Net mark-up / interest income 119,663,145 60,808,925
Provision against non-performing loans and advances (2,724,665) (693,506)
Provision for diminution in the value of investments - -
Bad debts written off directly (469,926) -
  (3,194,591) (693,506)
Net mark-up / interest income after provisions 116,468,554 60,115,419
Non mark-up / non interest income
Fee, commission and brokerage income - -
Dividend income - -
Other income 9,725 16,000
  9,725 16,000
Total non mark-up / non interest income 116,478,279 60,131,419
Non mark-up / non interest expense
Administrative expenses (85,524,686) (39,390,100)
Other provisions / write offs - -
Other charges - -
Total non mark-up / non interest expenses (85,524,686) (39,390,100)
Extraordinary / unusual items - -
Profit before taxation 30,953,593 20,741,319
Taxation - current 9,232,624 6,900,501
             - prior - (110,092)
             - deferred (4,374) 1,490,392
  (9,228,250) (8,280,801)
Profit after taxation 21,725,343 12,460,518
Unappropriated profit - brought forward 20,755,006 11,409,618
Profit available for appropriation 42,480,349 23,870,136
Appropriations:
Transfer to    
- statutory reserve 4,345,069 2,492,104
- capital reserve - -
- contribution to depositor's protection fund 1,086,267 623,026
- revenue reserve - -
- proposed dividend - -
Unappropriated profit - carried forward 37,049,013 20,755,006
Earnings per share 0.29 0.17
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.