Financials -  Yearly
The First 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 2,186,701 1,204,886
Balances with other banks / NBFIs / MFBs 6,036,912 2,638,550
Lending to financial institutions - -
Investments - net of provisions 2,807,140 5,934,139
Advances - net of provisions 23,554,444 14,394,668
Operating fixed assets 1,187,584 724,983
Other assets 1,789,379 1,001,745
Deferred tax asset 63,120 41,717
Total assets 37,625,280 25,940,688
Liabilities
Deposits and other accounts 31,129,077 20,887,192
Borrowing - -
Subordinated debt - -
Other liabilities 992,876 547,947
Deferred tax liabilities - -
Total liabilities 32,121,953 21,435,139
Net assets 5,503,327 4,505,549
Represented by
Share capital 2,730,811 2,730,811
Share premium 620,690 620,690
Reserves 675,629 419,419
Unappropriated profit 1,477,604 735,345
  5,504,734 4,506,265
(Deficit)/ surplus on revaluation of assets (1,407) (716)
Deferred grants - -
Total capital 5,503,327 4,505,549

The First MicroFinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2018 (Rupees in ' 000)
 
Dec 31, 2018
Dec 31, 2017
Markup / return / interest earned 6,047,176 3,719,299
Markup / return / interest expensed (1,682,653) (856,648)
Net markup / interest income 4,364,523 2,862,651
Provision against non-performing loans and advances (271,491) (113,461)
Recovery against written off advances 20,503 21,875
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (250,988) (91,586)
Net markup / interest income after provisions 4,113,535 2,771,065
Non mark-up / non interest income
Fee, commission and brokerage income 502,990 288,312
Dividend income - -
Amortization of deferred grant - 1,594
Other income 6,219 12,279
Total non-markup / non interest income 509,209 302,185
  4,622,744 3,073,250
Non mark-up / non interest expenses
Administrative expenses (3,112,150) (2,061,717)
Grant related expenses - (1,594)
Other provisions / write offs - -
Other charges - (2,687)
Total non-markup / non interest expenses (3,112,150) (2,065,998)
  1,510,594 1,007,252
Extra ordinary / unusual items - -
Profit before taxation 1,510,594 1,007,252
Taxation - current (499,854) (327,291)
             - prior years (32,073) (2,253)
             - deferred 21,403 8,064
  (510,524) (321,480)
Profit after taxation 1,000,070 685,772
Unappropriated profit brought forward 753,917 242,981
Profit available for appropriation 1,753,987 928,753
Appropriations
Transfer to:    
Statutory reserve (200,014) (137,154)
Capital reserve - -
Contribution to depositors protection fund:    
5% of Profit after tax (50,004) (34,289)
Interest on Investment  (6,192) (3,393)
Revenue reserve - -
Propsed Cash Dividend Rs. Nil per share (2017: Rs Nil per share) - -
Others - -
  (256,210) (174,836)
Unappropriated profit carried forward 1,497,777 753,917
Earning per share (Rupees) 3.66 2.51
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.