Financials -  Yearly
U Microfinance Bank Limited
Balance Sheet
  As at December 31, 2018
(Rupees in ' 000)
 
Dec 31, 2018
Dec 31, 2017
Assets
Cash and balances with SBP and NBP 1,457,386,758 772,153,529
Balances with other Banks/ NBFIs/ MFBs 11,027,311,074 2,58,898,409
Lending to financial instiutions - -
Investments - net of provisions 1,967,824,071 1,786,374,826
Advances - net of provisions 17,019,838,156 10,554,358,150
Operating fixed assets 754,499,905 465,355,215
Other assets 2,523,062,846 1,444,876,987
Deferred tax asset 41,654,400 20,870,591
Total assets 31791,577,210 17,630,887,707
Liabilities
Deposits and other accounts 20,534,770,395 11,971,358,214
Borrowings 6,010,000,000 3,069,486,748
Subordinated debt 4,599,640,000 600,000,000
Other liabilities 838,664,403 611,042,422
Deferred tax liabilities - -
Total liabilities 31,983,074,798 16,251,887,384
Net assets 2,808,502,412 1,379,000,323
Represented by
Share capital 2,285,714,290 1,285,714,290
Discount on issue of share capital (25,714,290) (25,714,290)
Statutory and other general reserves 178,914,625 69,503,178
Depositors protection fund 44,728,656 17,375,794
Unappropriated protit 324,888,330 32,149,466
  2,808,531,611 1,379,028,438
Surplus / (deficit) on revaluation of assets (29,199) (28,115)
Deferred grants - -
Total capital 2,808,502,412 1,379,000,323

U 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 4,365,933,802 2,644,949,519
Mark-up / return / interest expensed (1,676,143,400) (1,152,285,232)
Net mark-up / interest income 2,689,790,402 1,492,664,287
Provision against non-performing loans and advances (259,713,803) (86,252,023)
Provision for diminution in the value of investments - -
Bad debts written off directly - -
Net mark-up / interest income after provisions 2,430,076,599 1,406,412,264
Non mark-up / non interest income
Fee, commission and brokerage income 625,463,208 448,264,770
Dividend income - -
Other income 15,019,173 9,834,049
Total non mark-up / non interest income 640,482,381 458,098,819
  3,070,558,980 1,864,511,083
Non mark-up / non interest expenses
Administrative expenses 2,267,866,712 1,446,736,556
Other provisions / write offs - -
Other Charges 2,399,837 1,851,000
Total non-markup / non interest expenses 2,270,266,549 1,448,587,556
Extra ordinary / unusual items - -
Profit before taxation 800,292,431 415,923,527
Worker welfare fund (WWF) (16,005,849) (8,318,471)
  784,286,582 407,605,056
  Taxation
     Current (261,029,309) (83,401,162)
     Prior years 4,096,213 -
     Deferred 19,703,750 (65,237,875)
  (237,229,346) 148,639,037
Profit after taxation 547,057,236 258,966,019
Unappropriated profit / (loss) brought forward 32,149,466 (160,733,099)
Less other comprehensive income (3,268,348) (1,341,949)
Profit available for appropriation 575,938,354 96,890,971
Appropriations:
Transfer to:    
Statutory reserves 109,411,447 51,793,204
Capital reserve - -
Contribution to MSDF / DFP / RMF 27,352,862 12,948,301
Revenue reserve - -
Interim cash dividend Rs. 50 paisa per share ( 2017 : nil ) 114,285,715 -
  251,050,024 64,741,505
Unappropriated profit carried forward 324,888,330 32,149,466
Earnings per share 2.49 2.01
Auditor(s):

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