Financials -  Yearly
Pak Oman Investment Company Limited
Consolidated Balance Sheet
  As at December 31, 2018
(Rupees in ' 000)
 
Dec 31, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 122,740 172,235
Balances with other banks 2,294,067 2,040,902
Lendings to financial institutions 5,434,296 2,038,288
Investments 28,341,835 40,403,976
Advances 20,482,056 18,790,501
Fixed assets 103,626 90,675
Intangible assets 264,069 264,539
Deferred tax assets 264,069 264,539
Other assets 951,091 908,649
  58,396,653 65,220,622
Liabilities
Bills payable - -
Borrowings 40,254,145 45,158,690
Deposits and other accounts 9,010,490 10,501,149
Liabilities against assets subject to finance lease 992 1,346
Sub-ordinated loans - -
Deferred tax liabilities - -
Other liabilities 1,078,033 1,528,228
  50,343,660 57,189,413
Net assets 8,052,993 8,031,209
Represented by
Share capital 6,150,000 6,150,000
Reserves 1,164,643 1,071,761
Surplus on revaluation of assets 39,425 63,562
Unappropriated profit 690,607 737,744
Equity attributable to shareholder of holding company 8,044,675 8,023,067
Non Controlling interest 8,318 8,142
  8,052,993 8,031,209

Pak Oman Investment Company 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 3,572,436 3,969,612
Mark-up / return / interest expensed 2,735,373 3,121,481
Net mark-up / interest income 837,063 848,131
Non mark-up / interest income
Fee commission income 145,703 135,651
Dividend income 35,438 70,147
Foreign exchange income - -
Income / (loss) from derivatives - -
Gain on securities 34,136 183,532
Share of profit / (loss) from associates - net of tax 13,796 (56,277)
Other income 32,813 6,365
Total non markup / interest income 261,886 339,418
Total income 1,098,949 1,187,549
Non mark-up / interest expenses
Operating expenses 651,558 673,937
Worker welfare fund 8,479 19,550
Other charges 23,384 27,423
Total non markup / interest expenses 683,421 720,910
Profit before provisions 415,528 466,639
Reversals / (provisions) and write offs - net 332,101 168,313
Extra ordinary / unusual items - -
Profit before taxation 747,629 634,639
Taxation (280,994) (311,932)
Profit after taxation 466,635 323,020
Attributable To:
Shareholders of the holding company 466,459 324,542
Non-controlling interest 176 (1,522)
  466,635 323,020
Basic and diluted earnings per share attributable to shareholders of the holding company 0.76 0.53
Auditor(s): KPMG Taseer Hadi & Co.

Pakistan Banks' Association 2005. All Rights Reserved.