Financials -  Yearly
Meezan Bank Limited
Consolidated Statement of Financial Position
  As at December 31, 2019
(Rupees in ' 000)
 
2019
2018
Assets
Cash and balances with treasury banks 92,193,877 65,022,412
Balances with other banks 15,414,833 8,277,146
Due from financial institutions - net 223,689,325 184,814,600
Investments - net 229,667,072 127,115,376
Islamic financings and related assets - net 493,775,346 512,564,522
Fixed assets 23,663,521 13,228,398
Intangible assets 800,532 644,956
Deferred tax assets - 868,024
Other assets - net 46,910,457 29,215,973
  1,126,114,963 941,751,407
Liabilities
Bills payable 17,186,807 23,750,543
Due to financial institutions 42,047,390 36,407,811
Deposits and other accounts 932,568,765 785,444,592
Sub-ordinated sukuk 14,000,000 14,000,000
Deferred tax liabilities 3,008,451 -
Other liabilities 54,522,604 38,571,522
  1,063,334,017 898,174,468
Net assets 62,780,946 43,576,939
Represented by
Share capital 12,861,116 11,691,924
Reserves 18,231,980 15,185,565
Unappropriated profit 21,117,202 15,738,899
Surplus / (deficit) on revaluation of assets - net of tax 9,400,835 (45,883)
  61,611,133 42,570,505
Non-controlling interest 1,169,813 1,006,434
  62,780,946 43,576,939

Meezan Bank Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2019
(Rupees in ' 000)
 
2019
2018
Profit / return earned on Islamic financing and related assets, investments and placements 94,278,810 48,629,139
Profit on deposits and other dues expensed 47,746,059 20,453,359
Net spread earned 46,532,751 28,175,780
Other income
Fee and commission income 7,427,474 6,822,735
Dividend income 276,464 242,429
Foreign exchange income 2,684,097 1,318,460
Loss on securities - net (428,782) (39,376)
Other income 535,615 313,486
  10,494,868 8,657,734
Total income 57,027,619 36,833,514
Other expenses
Operating expenses 25,454,005 19,787,222
Workers Welfare Fund 628,458 383,801
Other charges 82,275 16,419
Total other expenses 26,164,738 20,187,442
  30,862,881 16,646,072
Share of results of associates before taxation 301,295 (298,031)
Profit before provisions 31,164,176 16,348,041
Provisions and write offs - net 4,186,430 1,168,051
Extraordinary / unusual items - -
Profit before taxation 26,977,746 15,179,990
Taxation 11,198,107 6,046,080
Profit after taxation 15,779,639 9,133,910
Attributable to:
Shareholders of the Holding company 15,584,441 8,957,761
Non-controlling interest 195,198 176,149
  15,779,639 9,133,910
    Restated
Basic and diluted earnings per share - Rupees 12.12 6.96

 

Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.