Financials -  Yearly
Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Balance Sheet
  As at December 31, 2018  
 
Dec 31, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 54,688,164 40,327,154
Balances with other banks 360,191,365 285,287,037
Lendings to financial institutions 2,818,407,389 -
Investments 3,925,361,179 9,133,899,147
Advances 7,865,730,442 8,458,110,408
Fixed assets 3,296,060,467 2,677,395,125
Intangible assets 5,762,311 699,171
Deferred tax assets - -
Other assets 907,399,975 1,620,498,197
Development properties 213,625,822 246,160,698
  19,447,227,114 22,462,376,937
Liabilities
Bills payable - -
Borrowings 5,846,338,282 9,176,845,649
Deposits and other accounts 7,500,000 7,500,000
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities 272,361,026 651,353,904
Other liabilities 492,309,916 243,099,227
  6,618,509,224 10,078,798,780
Net assets 12,828,717,890 12,383,578,157
Represented by
Share capital 6,600,000,000 6,600,000,000
Statutory reserve 1,008,201,270 926,690,686
Revenue reserve 358,662,940 358,662,940
Surplus on revaluation of assets 1,838,548,018 1,573,785,281
Unappropriated / unremitted profit 3,023,305,662 2,924,439,250
  12,828,717,890 12,383,578,157

Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2018  
 
Dec 31, 2018
Dec 31, 2017
Mark-up / return / interest earned 1,017,413,081 1,245,295,806
Mark-up / return / interest expensed 405,634,085 492,569,289
Net mark-up / interest income 611,778,996 752,726,517
Non mark-up / interest income
Fee and commission income 9,544,922 32,353,740
Dividend income 153,811,455 194,218,714
Foreign exchange income 3,652,937 818,933
Income / (loss) from derivatives - -
Gain / (loss) on securities 79,237,006 337,312,905
Other income 229,579,751 196,294,747
Total non mark-up / interest income 475,826,071 760,999,039
Total income 1,087,605,067 1,513,725,556
Non mark-up / interest expense
Operating expenses 462,420,877 404,977,340
Workers welfare fund - -
Other charges - -
Total non mark-up / interest expenses 462,420,877 404,977,340
Profit before provisions 625,184,190 1,108,748,216
Provisions and write offs - net (77,234,557) 238,605,539
Extraordinary / unusual items - -
Profit before taxation 702,418,747 870,142,677
Taxation 292,759,827 238,243,453
Profit after taxation 409,658,920 631,899,224
Basic earning per share 0.621 0.957
Diluted earning per share 0.621 0.957
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.