Financials -  Yearly
Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Balance Sheet
  As at December 31, 2019  
 
Dec 31, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 36,415,621 54,688,164
Balances with other banks 145,929,979 360,191,365
Lendings to financial institutions 80,000,000 2,818,407,389
Investments 23,653,106,371 3,925,361,179
Advances 7,869,530,921 7,865,730,442
Fixed assets 3,226,138,281 3,296,060,467
Intangible assets 8,488,075 5,762,311
Deferred tax assets - -
Other assets 2,016,597,323 907,399,975
Development properties 246,626,663 213,625,822
  37,282,833,234 19,447,227,114
Liabilities
Bills payable - -
Borrowings 22,784,019,394 5,846,338,282
Deposits and other accounts 510,000,000 7,500,000
Liabilities against assets subject to finance lease - -
Subordinated debt - -
Deferred tax liabilities 299,466,049 272,361,026
Other liabilities 489,272,292 492,309,916
  24,082,757,735 6,618,509,224
Net assets 13,200,075,499 12,828,717,890
Represented by
Share capital 6,600,000,000 6,600,000,000
Statutory reserve 1,061,615,726 1,008,201,270
Revenue reserve 358,662,940 358,662,940
Surplus on revaluation of assets 2,187,318,205 1,838,548,018
Unappropriated / unremitted profit 2,992,478,628 3,023,305,662
  13,200,075,499 12,828,717,890

Saudi Pak Industrial and Agricultural Investment Company Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2019  
 
Dec 31, 2019
Dec 31, 2018
Mark-up / return / interest earned 2,346,115,801 1,017,413,081
Mark-up / return / interest expensed 1,557,546,517 405,634,085
Net mark-up / interest income 788,569,284 611,778,996
Non mark-up / interest income
Fee and commission income 14,699,794 9,544,922
Dividend income 184,264,953 153,811,455
Foreign exchange income 1,836,436 3,652,937
Income / (loss) from derivatives - -
Gain / (loss) on securities 21,578,967 79,237,006
Other income 214,083,801 229,579,751
Total non mark-up / interest income 436,463,951 475,826,071
Total income 1,225,033,235 1,087,605,067
Non mark-up / interest expense
Operating expenses 470,670,465 462,420,877
Workers welfare fund - -
Other charges 2,353,000 -
Total non mark-up / interest expenses 473,023,465 462,420,877
Profit before provisions 752,009,770 625,184,190
Provisions and write offs - net 328,486,672 (77,234,557)
Extraordinary / unusual items - -
Profit before taxation 423,523,098 702,418,747
Taxation 140,323,862 292,759,827
Profit after taxation 283,199,236 409,658,920
Basic earning per share 0.429 0.621
Diluted earning per share 0.429 0.621
Auditor(s):

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