Financials -  Yearly
SME Bank Ltd
Unconsolidated Statement of Financial Position
  As at December 31, 2017
(Rupees in ' 000)
  2017
2016
Assets
Cash and balances with treasury banks 435,791 560,802
Balances with other banks 11,321 4,226
Lendings to financial institutions - 445,000
Investments 6,911,314 4,869,535
Advances 2,505,509 2,771,720
Operating fixed assets 64,251 101,859
Deferred tax assets - net 465,198 256,177
Other assets 601,710 368,896
  10,995,094 9,378,215
Liabilities
Bills payable 92,554 95,443
Borrowings 5,308,315 3,460,326
Deposits and other accounts 5,343,655 5,228,716
Sub-ordinated loans - -
Liability against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 684,915 573,082
  11,429,439 9,357,567
Net assets (434,345) 20,648
Represented by
Share capital 2,392,507 2,392,507
Reserves 206,526 206,526
Unappropriated loss (3,005,398) (2,590,705)
  (406,365) 8,328
Surplus on revaluation of assets - net of tax (27,980) 12,320
  (434,345) 20,648

SME Bank Ltd
Unconsolidated Profit and Loss Account
  For the year ended December 31, 2017
(Rupees in ' 000)
  2017
2016
Mark-up / return / interest earned 649,278 615,070
Mark-up / return / interest expensed 520,408 441,204
Net mark-up / interest income 128,870 173,866
Provision against non-performing loans and advances - net (16,877) (2,102)
Charge / (reversal) for diminution in the value of investments 70 (62,164)
Bad debts written off directly - -
  (16,807) (64,266)
Net markup / interest income after provisions 145,677 238,132
Non mark-up / interest income
Fee, commission and brokerage income 11,737 12,520
Dividend income 498 498
Income from dealing in foreign currencies - -
Gain on sale of securities 10,009 32,733
Unrealized gain on revaluation of investments classified as held for trading - -
Other income 2,494 1,519
Total non mark-up / interest income 24,738 47,270
  170,415 285,402
Non mark-up / interest expense
Administrative expenses 840,252 740,332
Other provisions / write offs    
- against land 31,593 -
- against other assets 19,577 1,888
Other charges - -
Total non mark-up / interest expenses 891,422 742,220
Loss before taxation (721,007) (456,818)
Taxation - current 7,854 6,654
             - prior (232,601) -
             - deferred (202,238) (264,230)
  (426,985) (257,576)
Loss after taxation (294,022) (199,242)
Unappropriated loss brought forward (2,590,705) (2,296,206)
Loss available for appropriation (2,884,727) (2,495,448)
Basic / diluted loss per share (Rupees) (1.23) (0.83)
Auditor(s):

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