Financials -  Yearly
PAIR Investment Company Limited
Statement of Financial Position
  As at December 31, 2018
(Rupees in ' 000)
 
2018
2017
Assets
Cash and balances with treasury banks 73,144 37,870
Balances with other banks 60,653 91,727
Lendings to financial institutions 105,000 970,000
Investments 11,259,928 11,044,299
Advances 6,223,926 4,652,932
Fixed assets 193,031 197,598
Intangible assets 211 405
Deferred tax assets 346,484 260,554
Other assets 263,060 430,280
  18,525,437 17,685,665
Liabilities
Bills payable - -
Borrowings 7,915,859 6,370,738
Deposits and other accounts 1,221,724 1,814,001
Liabilities against assets subject to finance lease - -
Subordinated loans - -
Deferred tax liabilities - -
Other liabilities 278,164 245,594
  9,415,747 8,430,333
Net assets 9,109,690 9,255,332
Represented by
Share capital 6,000,000 6,000,000
Reserves 840,066 840,066
Deficit on revaluation of assets (71,701) (37,286)
Unappropriated profit 2,341,325 2,452,552
  9,109,690 9,255,332

PAIR Investment Company Limited
Profit and Loss Account
  For the year ended December 31, 2018
(Rupees in ' 000)
 
2018
2017
Mark-up / return / interest earned 907,417 1,045,117
Mark-up / return / interest expensed 472,607 387,358
Net mark-up / interest income 434,810 657,759
Non mark-up / interest income
Fee and commission income 12,767 10,327
Dividend income 29,295 39,683
Foreign exchange income / (loss) 963 (771)
Income / (loss) from derivatives - -
Gain on securities 58,211 79,271
Other income - -
Total non mark-up / interest income 101,236 128,510
Total income 536,046 786,269
Non mark-up / interest expenses
Operating expenses 267,421 296,323
Workers welfare fund - 55,091
Other charges 4 50
Total non mark-up / interest expenses 267,425 351,464
Profit before provisions 268,621 434,805
Provisions and write offs - net 257,163 66,591
Extraordinary / unusual items - -
Profit before taxation 11,458 368,214
Taxation 21,689 138,419
(Loss) / profit after taxation (10,231) 229,795
Basic and diluted (loss) / earnings per share - (Rupees) (0.02) 0.38
Auditor(s):

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