Financials -  Yearly
Industrial and Commercial Bank of China Limited
Pakistan Branches
Balance Sheet
  As at December 31, 2019
(Rupees in ' 000)
 
2019
2018

Assets

Cash and balances with treasury banks 32,354,350 27,658,474
Balances with other banks 13,270,408 4,015,685
Lendings to financial institutions 214,503,548 207,924,067
Investments 211,160,688 175,857,020
Advances 29,162,284 22,713,422
Fixed assets 628,978 590,331
Intangible assets 3,863 2,788
Deferred tax assets - 7,961
Other assets 4,313,952 20,493,816
  505,398,071 459,263,564
Liabilities
Bills payable 4,125,334 1,292,129
Borrowings 351,242,058 355,486,464
Deposits and other accounts 94,465,934 66,540,142
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities 93,908 -
Other liabilities 17,756,365 9,686,726
  467,683,599 433,005,461
Net assets 37,714,472 26,258,103
Represented by
Head office capital account 23,227,140 20,829,285
Surplus / (deficit) on revaluation of assets - net of tax 124,975 (57,530)
Unremitted profit 14,362,357 5,486,348
  37,714,472 26,258,103

Industrial and Commercial Bank of China Limited
Pakistan Branches
Profit And Loss Account
  For the year ended December 31, 2019
(Rupees in ' 000)
 
2019
2018
Mark-up / return / interest earned 53,566,088 26,745,817
Mark-up / return / interest expensed 37,245,090 18,016,523
Net mark-up / Interest Income 16,320,998 8,729,294
Non mark-up / interest income
Fee and commission income 1,033,567 957,047
Dividend income - -
Foreign exchange income 1,289,562 1,298,623
Income / (loss) from derivatives - -
Gain / (loss) on securities - -
Other income 469 12
Total non mark-up / interest income 2,323,598 2,255,682
Total income 18,644,596 10,984,976
Non mark-up / interest expense
Operating expenses 1,990,152 2,257,492
Workers welfare fund 325,281 168,245
Other charges - -
Total non-mark-up / interest expenses 2,315,433 2,425,737
Profit before provisions 16,329,163 8,559,239
Provisions and write offs - net 65,138 146,963
Extra ordinary / unusual items - -
Profit before taxation 16,264,025 8,412,276
Taxation 6,687,103 3,345,296
Profit after taxation 9,576,922 5,066,980
Auditor(s):

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