Financials -  Yearly
FINCA Microfinance Bank Limited
Balance Sheet
  As at December 31, 2018
(Rupees in ' 000)
 
Dec 31, 2018
Dec 31, 2017
Assets
Cash and balances with SBP and NBP 1,639,249,051 976,428,755
Balances with other banks/NBFIs/MFBs 2,489,461,972 1,556,694,589
Lending to financial institutions - -
Investments - net of provisions 3,827,477,298 5,209,160,227
Advances - net of provisions 20,580,529,143 14,863,341,016
Operating fixed assets 1,748,345,423 1,220,665,974
Other assets 1,970,560,758 1,306,807,645
Deferred tax asset 24,136,895 8,786,704
Total assets 32,279,760,540 25,141,884,910
Liabilities
Deposits and other accounts 23,741,811,865 19,183,925,717
Borrowings 3,318,500,544 1,668,981,702
Subordinated debt - -
Other liabilities 1,187,059,280 1,005,746,247
Total liabilities 28,247,371,689 21,858,653,666
Net assets 4,032,388,851 3,283,231,244
Represented by:
Share capital 6,348,887,110 6,348,887,110
Discount on issue of shares (4,089,040,293) (4,089,040,293)
Statutory reserve 557,278,327 365,982,212
Depositors' protection fund 150,988,407 96,448,556
Unappropriated profit 1,061,863,072 552,799,227
  4,029,976,623 3,275,076,812
Surplus on revaluation of fixed assets - -
Deferred grants 2,412,228 8,154,432
Total capital 4,032,388,851 3,283,231,244

FINCA Microfinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2018
(Rupees in ' 000)
 
Dec 31, 2018
Dec 31, 2017
Mark-up / return / interest earned 6,531,286,233 4,808,928,684
Mark-up / return / interest expensed (1,828,404,826) (1,256,380,927)
Net mark-up / interest income 4,702,881,407 3,552,547,757
Provision against non-performing loans and advances (423,542,159 (378,812,910)
Provision for diminution in the value of investments - -
Bad debts written off directly (11,373,889) (27,781,711)
  (434,916,048) (406,594,621)
Net mark-up / interest income after provisions 4,267,965,359 3,145,953,136
Non mark-up / non interest income
Fee, commission and brokerage income 675,657,653 564,058,024
Dividend income - -
Other income 126,227,546 129,420,187
Total non mark-up / non interest income 801,885,199 693,478,211
  5,069,850,558 3,839,431,347
Non mark-up / non interest expenses
Administrative expenses (3,453,480,483) (2,437,691,875)
Other charges (36,422,746) (23,485,767)
Total non mark-up / non interest expenses (3,489,903,229) (2,461,177,642)
Profit before taxation 1,579,947,329 1,378,253,705
Taxation - current (629,372,068 (484,276,120)
               prior years (4,977,481) (39,944,328)
               deferred 10,882,797 764,907
  (623,466,752) (523,455,541)
Profit after taxation 956,480,577 854,798,164
Other comprehensive loss
Items that will not be reclassified subsequently to profit and loss account - net of tax (8,296,588) (2,785,152)
Total comprehensive income for the year 948,183,989 852,013,012
Unappropriated profit / (loss) brought forward 552,799,227 (85,514,244)
Profit available for appropriation 1,500,983,216 766,498,768
Appropriations
Transfer to:    
    Statutory reserve (191,296,115) (170,959,633)
    Capital reserve - -
    Dividend (200,000,000) -
    Contribution to depositors' protection fund (47,824,029) (42,739,908)
    Revenue reserve - -
  (439,120,144) 213,699,541
Unappropriated profit carried forward 1,061,863,072 552,799,227
Earnings per share 1.51 1.35
Auditor(s):

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