Financials -  Yearly
FINCA Microfinance Bank Limited
Balance Sheet
  As at December 31, 2019
(Rupees in ' 000)
 
Dec 31, 2019
Dec 31, 2018
Assets
Cash and balances with SBP and NBP 1,595,527,281 1,639,249,051
Balances with other banks/NBFIs/MFBs 1,642,664,760 2,489,461,972
Lending to financial institutions - -
Investments - net of provisions 6,244,458,500 3,827,477,298
Advances - net of provisions 22,038,804,318 20,580,529,143
Operating fixed assets 3,131,121,056 1,748,345,423
Other assets 2,613,415,832 1,970,560,758
Deferred tax asset 45,897,267 24,136,895
Total assets 37,311,889,014 32,279,760,540
Liabilities
Deposits and other accounts 23,911,341,828 23,741,811,865
Borrowings 4,752,852,994 3,318,500,544
Subordinated debt 800,000,000 -
Other liabilities 3,129,387,288 1,187,059,280
Total liabilities 32,593,582,110 28,247,371,689
Net assets 4,718,306,904 4,032,388,851
Represented by:
Share capital 6,348,887,110 6,348,887,110
Discount on issue of shares (4,089,040,293) (4,089,040,293)
Statutory reserve 687,948,818 557,278,327
Depositors' protection fund 203,099,973 150,988,407
Unappropriated profit 1,563,709,236 1,061,863,072
  4,714,604,844 4,029,976,623
Surplus on revaluation of fixed assets 1,547,100 -
Deferred grants 2,154,960 2,412,228
Total capital 4,718,306,904 4,032,388,851

FINCA Microfinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2019
(Rupees in ' 000)
 
Dec 31, 2019
Dec 31, 2018
Mark-up / return / interest earned 8,312,159,411 6,531,286,233
Mark-up / return / interest expensed (2,997,774,339) (1,828,404,826)
Net mark-up / interest income 5,314,385,072 4,702,881,407
Provision against non-performing loans and advances (1,086,754,079) (423,542,159)
Provision for diminution in the value of investments - -
Bad debts written off directly (2,839,918) (11,373,889)
  (1,089,593,997) (434,916,048)
Net mark-up / interest income after provisions 4,224,791,075 4,267,965,359
Non mark-up / non interest income
Fee, commission and brokerage income 798,515,302 675,657,653
Dividend income - -
Other income 155,968,627 126,227,546
Total non mark-up / non interest income 954,483,929 801,885,199
  5,179,275,044 5,069,850,558
Non mark-up / non interest expenses
Administrative expenses (4,102,036,922) (3,453,480,483)
Other charges (65,669,905) (36,422,746)
Total non mark-up / non interest expenses (4,167,706,827) (3,489,903,229)
Profit before taxation 1,011,568,177 1,579,947,329
Taxation - current (331,642,626) (629,372,068)
               prior years (54,704,446) (4,977,481)
               deferred 28,131,352 10,882,797
  (358,215,720) (623,466,752)
Profit after taxation 653,352,457 956,480,577
Unappropriated profit brought forward 1,061,863,072 552,799,227
Add: Other comprehensive income / (loss) 11,831,821 (8,296,588)
Profit available for appropriation 1,727,047,350 1,500,983,216
Appropriations
Transfer to:    
    Statutory reserve (130,670,491) (191,296,115)
    Capital reserve - -
    Dividend - (200,000,000)
    Contribution to depositors' protection fund (32,667,623) (47,824,029)
    Revenue reserve - -
  (163,338,114) (439,120,144)
Unappropriated profit carried forward 1,563,709,236 1,061,863,072
Earnings per share 1.03 1.51
Auditor(s):

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