Financials -  Yearly
Silkbank Limited
Statement of Financial Position
  As at December 31, 2019
(Rupees in ' 000)
 
2019
2018
Assets
Cash and balances with treasury banks 11,838,682 8,871,567
Balances with other banks 1,168,163 309,994
Lendings of financial institutions 18,101,837 12,612,156
Investments 36,245,350 28,924,993
Advances 105,374,947 98,354,002
Fixed assets 5,910,389 3,981,271
Intangible assets 217,077 226,840
Deferred tax assets 4,864,227 3,058,647
Other assets 19,737,679 20,231,529
Assets held for sale 2,229,729 -
  205,688,080 176,570,999
Liabilities
Bills payable 2,483,658 2,866,568
Borrowings 31,973,231 18,051,854
Deposits and other accounts 148,853,513 132,664,084
Liabilities against assets subject to finance lease - 2,663
Sub-ordinated debt 2,125,418 1,999,600
Deferred tax liabilities - -
Other liabilities 9,480,373 6,599,483
  194,916,193 162,184,252
Net assets 10,771,887 14,386,747
Represented by
Shareholders' equity    
Share capital - net 23,431,374 23,431,374
Reserves 820,890 820,890
Surplus / (deficit) on revaluation of assets - net of tax 256,510 (68,207)
Accumulated loss (13,736,887) (9,797,310)
  10,771,887 14,386,747

Silkbank Limited
Profit And Loss Account
  For the year ended December 31, 2019
(Rupees in ' 000)
 
2019
2018
Mark-up / return / profit / interest earned 16,697,901 15,596,213
Mark-up / return / profit / interest expensed (15,081,744) (8,990,735)
Net mark-up / return / profit / interest income 1,616,157 6,605,478
Non mark-up / interest income
Fee and commission income 2,284,214 1,739,877
Dividend income 4,824 2,190
Foreign exchange income 473,842 135,950
(Loss) / income from derivatives (72,753) 214,517
Gain / (loss) on securities 537,974 (63,671)
Other income 8,133 1,386,009
Total non-markup / interest income 3,236,234 3,414,872
Total income 4,852,391 10,020,350
Non mark-up / interest expenses
Operating expenses (8,051,497) (6,781,153)
Workers welfare fund - (38,303)
Other charges (197,007) (55,393)
Total non-mark-up / interest expenses (8,248,504) (6,874,849)
(Loss) / profit before provisions, extra ordinary / unusual item and taxation (3,396,113) 3,145,501
Provisions and write offs - net (2,432,830) (1,268,673)
Extra ordinary / unusual items - -
(Loss) / Profit before taxation (5,828,943) 1,876,828
Taxation 1,875,940 (546,895)
(Loss) / profit after taxation (3,953,003) 1,329,933
Basic and diluted (loss) / Earning per share (0.44) 0.15
Auditor(s):

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