Financials -  Yearly
Tameer MicroFinance Bank Limited
Balance Sheet
  As at December 31, 2019
(Rupees in ' 000)
 
Dec 31, 2019
Dec 31, 2018
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 3,463,741 4,210,306
Balances with other banks 7,408,549 3,864,399
Lendings to financial institutions 4,950,000 5,473,364
Investments 13,773,400 9,008,445
Advances - net of provisions 19,998,939 32,944,819
Operating fixed assets 7,667,057 3,001,351
Other assets 3,598,248 3,963,292
Deferred tax asset - net - -
Total assets 60,859,934 62,465,976
Liabilities
Deposits and other accounts 41,170,537 42,274,909
Borrowings - -
Subordinated debt - -
Other liabilities 11,369,058 6,369,572
Deferred tax liabilities - net 273,360 153,066
Total liabilities 31,717,737 48,797,547
Net assets 4,585,909 13,668,429
Represented by
Share capital 4,277,589 3,547,269
Reserves 20,585,009 10,412,953
Accumulated losses (16,830,229) (345,238)
  8,032,369 13,614,984
Deficit on revaluation of assets - net of deferred tax (4,130) (2,359)
- Net of deferred tax 18,740 55,804
Deferred grants 18,740 55,804
  8,046,979 13,668,429

Tameer MicroFinance Bank 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 9,288,624 8,721,206
Mark-up / return / interest expensed (3,671,426) (2,595,036)
Net mark-up / return / interest income 5,617,198 6,126,170
Provision against non-performing loans and advances - net (8,819,976) (1,365,385)
Provision for diminution in the value of investments - -
Bad debts written off directly (49,502) (21,124)
  (8,869,478) (1,386,509)
Net mark-up / non interest income after provisions (3,252,280) 4,739,661
Non mark-up / non interest income
Fee, commission and brokerage income 8,241,218 8,172,650
Dividend income - -
Other income 296,886 214,128
Total non-mark-up / non interest income 8,538,104 8,386,778
  5,285,824 13,126,439
Non mark-up / non interest expenses
Administrative expenses (20,818,968) (14,948,448)
Other provisions / write offs (250,891) (272,601)
Other charges (116) (19,358)
Total non-mark-up / non interest expenses (21,069,975) (15,240,407)
  (15,784,151) (2,113,968)
Extra ordinary / unusual items - -
Loss before taxation (15,784,151) (2,113,968)
Taxation - current (361,944) (228,444)
             - prior (84,669) (43,233)
             - deferred (121,063) (130,093)
  (567,676) (401,770)
Loss after taxation (16,351,827) (2,515,738)
Other comprehensive loss ( carried forward to equity )    
Items not to be reclassified to statement of profit or loss in
subsequent periods - net of tax (Remeasurement loss on
defined benefit obligation)
(99,688) (40,318)
Total comprehensive loss for the year ( carried forward to equity ) (16,451,515) (2,556,056)
Accumulated (loss) / profit brought forward (345,238) 2,229,020
Accumulated loss available for appropriation (16,796,753) (327,036)
Appropriations:    
Transfer to: - -
Statutory reserve - -
Capital reserve (33,476) (18,202)
Depositors protection fund - -
Revenue reserve - -
Proposed cash dividend    
Accumulated loss carried forward (16,830,229) (345,238)
  (45.25) (9.64)
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.