Financials -  Yearly
U Microfinance Bank Limited
Balance Sheet
  As at December 31, 2017
(Rupees in ' 000)
 
Dec 31, 2017
Dec 31, 2016
Assets
Cash and balances with SBP and NBP 772,153,529 470,734,405
Balances with other Banks/ NBFIs/ MFBs 2,586,898,409 2,391,207,419
Investments 1,786,374,826 1,130,131,255
Advances - net of provisions 10,554,358,150 5,528,421,228
Operating fixed assets 465,355,215 303,027,259
Other assets 1,444,876,987 683,128,491
Deferred tax asset 20,870,591 85,066,133
Total assets 17,630,887,707 10,591,716,190
Liabilities
Deposits 11,971,358,214 8,109,923,603
Borrowings 3,069,486,748 1,000,000,000
Subordinated debt 600,000,000 -
Other liabilities 611,042,422 359,326,176
Total liabilities 16,251,887,384 9,469,249,779
Net assets 1,379,000,323 1,122,466,411
Represented by
Share capital 1,285,714,290 1,285,714,290
Discount on issue of share capital (25,714,290) (25,714,290)
Statutory and other reserve 86,878,972 22,137,467
Accumulated profit / (loss) 32,149,466 (160,733,099)
  1,379,028,438 1,121,404,368
(Deficit) / surplus on revaluation of assets (28,115) 1,062,043
Total capital 1,379,000,323 1,122,466,411

U 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 2,644,949,519 1,051,487,448
Mark-up / return / interest expensed (1,152,285,232) (428,307,584)
Net mark-up / interest income 1,492,664,287 623,179,864
Provision against non-performing advances (86,252,023) (44,490,290)
Net mark-up / interest income after provisions 1,406,412,264 578,689,574
Non mark-up / non interest income
Fee, commission and brokerage income 448,264,770 312,449,856
Other income 5,097,590 5,067,159
Gain on sale of investments 4,736,459 1,463,600
Total non mark-up / non interest income 458,098,819 318,980,615
  1,864,511,083 897,670,189
Non mark-up / non interest expenses
Administrative expenses 1,446,736,556 800,812,379
Other Charges 1,851,000 1,130,000
Operating fixed assets written off - 154,867
  (1,448,587,556) (802,097,246)
Profit before taxation 415,923,527 95,572,943
Worker welfare fund (WWF) (8,318,471) 1,911,458
  407,605,056 93,661,485
Taxation - current (83,401,162) (9,232,980)
             - deferred (65,237,875) (12,075,942)
  (148,639,037) (21,308,922)
Profit after taxation 258,966,019 72,352,563
items not to be classified to profit and loss account in subsequent periods - net of tax - -
Accumulated loss brought forward (160,733,099) (214,997,521)
  98,232,920 (142,644,958)
Attributable to:
Transfer to:    
Statutory reserves 51,793,204 14,470,513
Depositor's protection fund 12,948,301 3,617,628
  64,741,505 18,088,141
Accumulated profit / (loss) carried forward 33,491,415 (160,733,099)
Earnings per share 2.01 0.56
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.