Financials -  Yearly
Meezan Bank Limited
Consolidated Statement of Financial Position
  As at December 31, 2018
(Rupees in ' 000)
 
2018
 
2017
Restated
Assets
Cash and balances with treasury banks 65,022,412 64,556,409
Balances with other banks 8,277,146 4,940,090
Due from financial institutions - net 184,814,600 147,229,221
Investments - net 127,115,376 123,160,901
Islamic financings and related assets - net 512,564,522 419,929,149
Fixed assets 13,228,398 11,464,973
Intangible assets 644,956 529,613
Deferred tax assets 868,024 -
Other assets - net 29,215,973 21,265,777
  941,751,407 793,076,133
Liabilities
Bills payable 23,750,543 17,175,035
Due to financial institutions 36,407,811 36,813,295
Deposits and other accounts 785,444,592 667,173,368
Sub-ordinated sukuk 14,000,000 7,000,000
Deferred tax liabilities - 230,787
Other liabilities 38,571,522 26,274,075
  898,174,468 754,666,560
Net assets 43,576,939 38,409,573
Represented by
Share capital 11,691,924 10,629,022
Reserves 15,185,565 13,393,125
Unappropriated profit 15,738,899 12,563,156
(Deficit) / surplus on revaluation of assets - net of tax (45,883) 816,295
  42,570,505 37,401,598
Non controlling interest 1,006,434 1,007,975
  43,576,939 38,409,573

Meezan Bank Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2018
(Rupees in ' 000)
 
2018
 
2017
Restated
Profit / return earned on Islamic financing and related assets, investments and placements 48,629,139 36,434,663
Profit on deposits and other dues expensed 20,453,359 15,681,641
Net spread earned 28,175,780 20,753,022
Other income
Fee, commission and brokerage income 6,822,735 6,030,008
Dividend income 242,429 287,977
Foreign Exchange Income 1,318,460 1,210,827
(Loss) / gain on securities - net (39,376) 939,266
Unrealised loss on held for trading investments - (1,708)
Other income 313,486 387,460
  8,657,734 8,853,830
Total income 36,833,514 29,606,852
Other expenses
Operating expenses 19,787,222 17,125,835
Workers Welfare Fund 383,801 290,837
Other charges 16,419 10,824
Total other expenses 20,187,442 17,427,496
  16,646,072 12,179,356
Share of results of associates before taxation (298,031) (963,186)
Profit before provisions 16,348,041

11,216,170

Provisions and write offs - net 1,168,051 1,283,326
Extraordinary / unusual items - -
Profit before taxation 15,179,990 9,932,844
Taxation 6,046,080 4,152,851
Profit after taxation 9,133,910 5,779,993
Attributable to:
Shareholders of the Holding company 8,957,761 5,618,512
Non-controlling interest 176,149 161,481
  9,133,910 5,779,993
Basic and diluted earnings per share (Rupees) 7.66 4.95

 

Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.