Financials -  Yearly
Silkbank Limited
Statement of Financial Position
  As at December 31, 2018
(Rupees in ' 000)
 
2018
2017
Assets
Cash and balances with treasury banks 8,871,567 8,413,176
Balances with other banks 309,994 218,420
Lendings of financial institutions 12,612,156 8,620,649
Investments 28,924,993 38,266,735
Advances 98,354,002 85,850,715
Fixed assets 3,981,271 3,934,845
Intangible assets 226,840 241,901
Deferred tax assets 3,058,647 3,476,129
Other assets 17,337,316 17,831,962
  173,676,786 166,854,532
Liabilities
Bills payable 2,866,568 3,192,981
Borrowings 18,051,854 35,582,000
Deposits and other accounts 132,664,084 110,277,807
Liabilities against assets subject to finance lease 2,663 6,880
Sub-ordinated debt 1,999,600 2,000,000
Deferred tax liabilities - -
Other liabilities 3,705,270 2,613,518
  159,290,039 153,673,186
Net assets 14,386,747 13,181,346
Represented by
Shareholders' equity    
Share capital - net 23,431,374 23,431,374
Reserves 820,890 554,903
(Deficit) / surplus on revaluation of assets - net of tax (68,207) 52,723
Accumulated loss (9,797,310) (10,857,654)
  14,386,747 13,181,346

Silkbank Limited
Profit And Loss Account
  For the year ended December 31, 2018
(Rupees in ' 000)
 
2018
2017
Mark-up / return / profit / interest earned 15,596,213 11,670,271
Mark-up / return / profit / interest expensed (8,990,735) (6,184,217)
Net mark-up / return / profit / interest income 6,605,478 5,486,054
Non mark-up / interest income
Fee and commission income 1,739,877 1,516,926
Dividend income 2,190 47,611
Foreign exchange income / (loss) 135,950 (90,638)
Income from derivatives 214,517 283,576
(Loss) / gain on securities (63,671) (20,814)
Other income 1,386,009 1,165,179
Total non-markup / interest income 3,414,872 2,943,468
Total income 10,020,350 8,429,522
Non mark-up / interest expenses
Operating expenses (6,781,153) (6,434,457)
Workers welfare fund (38,303) (33,000)
Other charges (55,393) (21,780)
Total non-mark-up / interest expenses (6,874,849) (6,489,237)
Profit before provisions, extra ordinary / unusual item and taxation 3,145,501 1,940,285
Provisions and write offs - net (1,268,673) (553,737)
Extra ordinary / unusual items - -
Profit before taxation 1,876,828 1,386,548
Taxation (546,895) (251,260)
Profit after taxation 1,329,933 1,135,288
Basic and diluted earnings per share  (Rupees) 0.15 0.13
Auditor(s):

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