Financials -  Yearly
Industrial and Commercial Bank of China Limited
Pakistan Branches
Balance Sheet
  As at December 31, 2018
(Rupees in ' 000)
 
2018
 
2017
(Restated)

Assets

Cash and balances with treasury banks 27,658,474 15,585,904
Balances with other banks 4,015,685 1,461,579
Lendings to financial institutions 207,924,067 118,285,067
Investments 175,857,020 235,089,040
Advances 22,713,422 8,164,082
Fixed assets 590,331 581,047
Intangible assets 2,788 -
Deferred tax assets 7,961 633
Other assets 20,493,816 12,681,511
  459,263,564 391,848,863
Liabilities
Bills payable 1,292,129 4,573,858
Borrowings 355,486,464 303,724,827
Deposits and other accounts 66,540,142 57,698,198
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities - -
Other liabilities 9,686,726 9,011,917
  433,005,461 375,008,800
Net assets 26,258,103 16,840,063
Represented by
Head office capital account 20,829,285 9,506,699
Deficit on revaluation of assets - net of tax (57,530) (32,050)
Unremitted profit 5,486,348 7,365,414
  26,258,103 16,840,063

Industrial and Commercial Bank of China Limited
Pakistan Branches
Profit And Loss Account
  For the year ended December 31, 2018
(Rupees in ' 000)
 
2018
2017
Mark-up / return / interest earned 26,745,817 19,020,812
Mark-up / return / interest expensed 18,016,523 (12,669,163)
Net mark-up / Interest Income 8,729,294 6,351,649
Non mark-up / interest income
Fee and commission income 957,047 769,588
Dividend income - -
Foreign exchange income 1,298,623 (198,730)
Income / (loss) from derivatives - -
Gain / (loss) on securities - -
Other income 12 521
Total non mark-up / interest income 2,255,682 571,379
Total income 10,984,976 6,923,028
Non mark-up / interest expense
Operating expenses 2,257,492 1,401,970
Workers welfare fund 168,245 106,721
Other charges - -
Total non-mark-up / interest expenses 2,425,737 1,508,691
Profit before provisions 8,559,239 5,414,337
Provisions and write offs - net 146,963 82,465
Extra ordinary / unusual items - -
Profit before taxation 8,412,276 5,331,872
Taxation 3,345,296 2,013,206
Profit after taxation 5,066,980 3,318,666
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.