Financials -  Yearly
Telenor MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2017
(Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 3,497,633 3,116,926
Balances with other banks 4,154,764 2,558,937
Lendings to financial institutions 3,368,059 323,215
Investments 6,767,309 11,568,227
Advances - net of provisions 24,761,653 15,835,248
Operating fixed assets 1,729,560 1,041,611
Other assets 2,848,790 1,844,687
Deferred tax asset - net - 14,795
Total assets 47,127,768 36,303,646
Liabilities
Deposits and other accounts 36,664,927 27,829,780
Borrowings - -
Subordinated debt - -
Other liabilities 5,445,012 3,887,957
Deferred tax liabilities - net 12,034 -
Total liabilities 42,121,973 31,717,737
Net assets 5,005,795 4,585,909
Represented by
Share capital 1,346,939 1,346,939
Reserves 1,405,571 1,286,756
Accumulated profit 2,229,020 1,943,880
  4,981,530 4,577,575
Deficit on revaluation of assets - net of deferred tax (911) (1,527)
Deferred grants 25,176 9,861
  5,005,795 4,585,909

Telenor 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 6,063,887 4,486,604
Mark-up / return / interest expensed (1,767,054) (1,113,495)
Net mark-up / interest income 4,296,833 3,373,109
Provision against non-performing loans and advances (217,003) (66,384)
Provision for diminution in the value of investments - -
Bad debts written off directly (24,746) (37,171)
  (241,749) (103,555)
Net mark-up / non interest income after provisions 4,055,084 3,269,554
Non mark-up / non interest income
Fee, commission and brokerage income 8,352,400 1,530,390
Dividend income - -
Other income 135,108 122,830
Total non-mark-up / non interest income 8,487,508 1,653,220
  12,542,592 4,922,774
Non mark-up / non interest expenses
Administrative expenses (11,795,637) (3,485,207)
Other provisions / write offs (29,549) (37,396)
Other charges (29,962) (30,886)
Total non-mark-up / non interest expenses (11,855,148) (3,553,489)
  687,444 1,369,285
Extra ordinary / unusual items - -
Profit before taxation 687,444 1,369,285
Taxation - current (187,365) (453,569)
             - prior (51,272) (28,897)
             - deferred (32,051) 8,535
  (270,688) (473,931)
Profit after taxation 416,756 895,354
Other comprehensive income    
Items not to be reclassified to profit and loss account in subsequent periods - net of tax (12,801) 23,434
Total comprehensive income for the year 403,955 918,788
Accumulated profit brought forward 1,943,880 1,260,896
Profit available for appropriation 2,347,835 2,179,684
Appropriations: Transfer to:    
Statutory reserve (83,351) (179,071)
Capital reserve - -
Depositors protection fund (35,464) (56,733)
Contribution to MSDF / DPF / RMF - -
Revenue reserve - -
Proposed cash dividend - -
Accumulated profit carried forward 2,229,020 1,943,880
Earnings per share - basic and diluted 3.09 6.65
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.