Financials -  Yearly
Pak Oman Investment Company Limited
Consolidated Balance Sheet
  As at December 31, 2018
(Rupees in ' 000)
 
Dec 31, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 153,272 122,740
Balances with other banks 1,975,535 2,294,067
Lendings to financial institutions 8,132,475 5,434,296
Investments 59,074,973 28,341,835
Advances 20,024,133 20,482,056
Fixed assets 232,765 103,626
Intangible assets 223,278 264,069
Deferred tax assets 329,034 402,873
Other assets 2,052,573 951,091
  92,198,038 58,396,653
Liabilities
Bills payable - -
Borrowings 73,793,526 40,254,145
Deposits and other accounts 8,576,392 9,010,490
Liabilities against assets subject to finance lease 610 992
Sub-ordinated loans - -
Deferred tax liabilities - -
Other liabilities 1,617,609 1,078,033
  83,988,137 50,343,660
Net assets 8,209,901 8,052,993
Represented by
Share capital 6,150,000 6,150,000
Reserves 1,265,504 1,164,643
Surplus on revaluation of assets 161,727 39,425
Unappropriated profit 626,494 690,607
Equity attributable to shareholder of holding company 8,203,725 8,044,675
Non Controlling interest 6,176 8,318
  8,209,901 8,052,993

Pak Oman Investment Company 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 7,542,742 3,572,436
Mark-up / return / interest expensed 6,529,065 2,735,373
Net mark-up / interest income 1,013,677 837,063
Non mark-up / interest income
Fee commission income 87,782 145,703
Dividend income 45,612 35,438
Foreign exchange income - -
Income / (loss) from derivatives - -
Gain on securities 105,307 34,136
Share of profit / (loss) from associates - net of tax 48,820 13,796
Other income 15,150 32,813
Total non markup / interest income 302,671 261,886
Total income 1,316,348 1,098,949
Non mark-up / interest expenses
Operating expenses 712,729 651,558
Worker welfare fund 9,572 8,479
Other charges 22,468 23,384
Total non markup / interest expenses 744,769 683,421
Profit before provisions 571,579 415,528
Reversals / (provisions) and write offs - net 34,136 332,101
Extra ordinary / unusual items - -
Profit before taxation 605,715 747,629
Taxation (1,55,026) (280,994)
Profit after taxation 450,689 466,635
Attributable To:
Shareholders of the holding company 452,831 466,459
Non-controlling interest (2,142) 176
  466,635 466,635
Basic and diluted earnings per share attributable to shareholders of the holding 0.74 0.76
Auditor(s): KPMG Taseer Hadi & Co.

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