Financials -  Yearly
Telenor MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2018
(Rupees in ' 000)
 
Dec 31, 2018
Dec 31, 2017
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 4,210,306 3,497,633
Balances with other banks 3,864,399 4,310,776
Lendings to financial institutions 5,473,364 3,368,059
Investments 9,008,445 6,767,309
Advances - net of provisions 32,944,819 24,761,653
Operating fixed assets 3,001,351 1,729,560
Other assets 3,963,292 3,052,877
Deferred tax asset - net - -
Total assets 62,465,976 47,487,867
Liabilities
Deposits and other accounts 42,274,909 36,664,927
Borrowings - -
Subordinated debt - -
Other liabilities 6,369,572 5,805,111
Deferred tax liabilities - net 153,066 12,034
Total liabilities 48,797,547 42,482,072
Net assets 13,668,429 5,005,795
Represented by
Share capital 3,547,269 1,346,939
Reserves 10,412,953 1,405,571
Accumulated profit (345,238) 2,229,020
  13,614,984 4,981,530
Deficit on revaluation of assets - net of deferred tax (2,359) (911)
Deferred grants 55,804 25,176
  13,668,429 5,005,795

Telenor MicroFinance Bank 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 8,721,206 6,063,887
Mark-up / return / interest expensed (2,595,036) (1,767,054)
Net mark-up / return / interest income 6,126,170 4,296,833
Provision against non-performing loans and advances (1,365,385) (217,003)
Provision for diminution in the value of investments - -
Bad debts written off directly (21,124) (24,746)
  (1,386,509) (241,749)
Net mark-up / return / non interest income after provisions 4,739,661 4,055,084
Non mark-up / non interest income
Fee, commission and brokerage income 8,172,650 8,352,400
Dividend income - -
Other income 214,128 135,108
Total non-mark-up / non interest income 8,386,778 8,487,508
  13,126,439 12,542,592
Non mark-up / non interest expenses
Administrative expenses (14,948,448) (11,811,976)
Other provisions / write offs (272,601) (29,549)
Other charges (19,358) (13,623)
Total non-mark-up / non interest expenses (15,240,407) (11,855,148)
  (2,113,968) 687,444
Extra ordinary / unusual items - -
(Loss) / profit before taxation (2,113,968) 687,444
Taxation - current (228,444) (187,365)
             - prior (43,233) (51,272)
             - deferred (130,093) (32,051)
  (401,770) (270,688)
(Loss) / profit after taxation (2,515,738) 416,756
Other comprehensive income    
Items not to be reclassified to profit and loss account in subsequent periods - net of tax (40,318) (12,801)
Total comprehensive income for the year (2,556,056) 403,955
Accumulated profit brought forward 2,229,020 1,943,880
Accumulated (loss) / profit available for appropriation (327,036) 2,347,835
Appropriations: Transfer to:    
Statutory reserve - (83,351)
Capital reserve - -
Depositors protection fund (18,202) (35,464)
Contribution to MSDF / DPF / RMF - -
Revenue reserve - -
Proposed cash dividend - -
Accumulated (loss) profit carried forward (345,238) 2,229,020
(Loss) / earnings per share - basic and diluted (9.64) 1.87
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.