Financials -  Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2019 (Rupees in ' 000)
 
2019
2018
Assets
Cash and balances with SBP and NBP 2,875,826 2,186,701
Balances with other banks / NBFIs / MFBs 3,404,932 6,036,912
Lending to financial institutions - -
Investments - net of provisions 4,512,898 2,807,140
Advances - net of provisions 30,936,267 23,554,444
Operating fixed assets 2,819,654 1,187,584
Other assets 2,462,334 1,789,379
Deferred tax asset 220,110 63,120
Total assets 47,232,021 37,625,280
Liabilities
Deposits and other accounts 38,403,643 31,129,077
Borrowing - -
Subordinated debt - -
Other liabilities 2,780,946 992,876
Deferred tax liabilities - -
Total liabilities 41,184,589 32,121,953
Net assets 6,047,432 5,503,327
Represented by
Share capital 2,730,811 2,730,811
Share premium 620,690 620,690
Reserves 824,003 675,629
Unappropriated profit 1,872,561 1,477,604
  6,048,065 5,504,734
(Deficit) on revaluation of assets (633) (1,407)
Deferred grants - -
Total capital 6,047,432 5,503,327

The First MicroFinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2019 (Rupees in ' 000)
 
2019
2018
Markup / return / interest earned 8,521,507 6,047,176
Markup / return / interest expensed (3,467,735) (1,682,653)
Net markup / interest income 5,053,772 4,364,523
Provision against non-performing loans and advances (884,719) (271,491)
Recovery against written off advances 31,878 20,503
Provision for diminution in the value of investments - -
Bad debts written off directly - -
  (852,841) (250,988)
Net markup / interest income after provisions 4,200,931 4,113,535
Non mark-up / non interest income
Fee, commission and brokerage income 764,768 502,990
Dividend income - -
Other income 3,162 6,219
Total non-markup / non interest income 767,930 509,209
  4,968,861 4,622,744
Non mark-up / non interest expenses
Administrative expenses (4,267,675) (3,112,150)
Other provisions / write offs - -
Other charges (25) -
Total non-markup / non interest expenses (4,267,700) (3,112,150)
  701,161 1,510,594
Extra ordinary / unusual items - -
Profit before taxation 701,161 1,510,594
Taxation - current (324,908) (499,854)
             - prior years (531) (32,073)
             - deferred 156,990 21,403
  (168,449) (510,524)
Profit after taxation 532,712 1,000,070
Other comprehensive income/ (loss) 10,619 (1,601)
Unappropriated profit brought forward 1,477,604 735,345
Profit available for appropriation 2,020,935 1,733,814
Appropriations
Transfer to:    
Statutory reserve (106,542) (200,014)
Capital reserve - -
Contribution to depositors' protection fund:    
5% of Profit after tax (26,636) (50,004)
Interest on Investment  (15,196) (6,192)
Revenue reserve - -
Proposed Cash Dividend Rs. Nil per share (2018: Rs Nil per share) - -
Others - -
  (148,374) (256,210)
Unappropriated profit carried forward 1,872,561 1,477,604
Earning per share (Rupees) 1.95 3.66
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.