Financials -  Yearly
U Microfinance Bank Limited
Balance Sheet
  As at December 31, 2019
 
 
Dec 31, 2019
Dec 31, 2018
Assets
Cash and balances with SBP and NBP 1,717,205,410 1,457,386,758
Balances with other Banks/ NBFIs/ MFBs 3,019,826,466 11,027,311,074
Lending to financial institutions - -
Investments - net of provisions 6,969,538,668 1,967,824,071
Advances - net of provisions 21,374,079,265 17,019,838,156
Operating fixed assets 3,104,521,964 754,499,905
Other assets 3,828,677,455 2,523,062,846
Deferred tax asset 76,354,529 41,654,400
Total assets 40,090,203,757 34,791,577,210
Liabilities
Deposits and other accounts 23,290,259,471 20,534,770,395
Borrowings 6,733,331,333 6,010,000,000
Subordinated debt 4,599,400,000 4,599,640,000
Other liabilities 2,416,350,107 838,664,403
Deferred tax liabilities - -
Total liabilities 37,039,340,911 31,983,074,798
Net assets 3,050,862,846 2,808,502,412
Represented by
Share capital 2,285,714,290 2,285,714,290
Discount on issue of share capital (25,714,290) (25,714,290)
Statutory and general reserves 229,644,265 178,914,625
Depositors protection fund 57,411,066 44,728,656
Unappropriated protit 512,586,043 324,888,330
  3,059,641,374 2,808,531,611
Surplus / (deficit) on revaluation of assets (8,778,528) (29,199)
Deferred grants - -
Total capital 3,050,862,846 2,808,502,412

U Microfinance Bank Limited
Profit and Loss Account
  For the year ended December 31, 2019
 
 
Dec 31, 2019
Dec 31, 2018
Mark-up / return / interest earned 7,266,317,884 4,365,933,802
Mark-up / return / interest expensed (3,842,508,867) (1,676,143,400)
Net mark-up / interest income 3,423,809,017 2,689,790,402
Provision against non-performing loans and advances (809,740,000) (259,713,803)
Provision for diminution in the value of investments - -
Bad debts written off directly (28,716,236) -
Net mark-up / interest income after provisions 2,585,352,781 2,430,076,599
Non mark-up / non interest income
Fee, commission and brokerage income 900,356,644 625,463,208
Dividend income - -
Other income 39,075,818 15,019,173
Total non mark-up / non interest income 939,432,462 640,482,381
  3,524,785,243 3,070,558,980
Non mark-up / non interest expenses
Administrative expenses 3,206,406,891 2,267,866,712
Other provisions / write offs - -
Other Charges 7,665,076 2,399,837
Total non-markup / non interest expenses 3,214,071,967 2,270,266,549
Extra ordinary / unusual items - -
Profit before taxation 310,713,276 800,292,431
Worker welfare fund (WWF) (6,214,266) (16,005,849)
  304,499,010 784,286,582
  Taxation
     Current (81,447,841) (261,029,309)
     Prior years (1,317,977) 4,096,213
     Deferred 31,915,809 19,703,750
  (50,850,809) (237,229,346)
Profit after taxation 253,648,201 547,057,236
Unappropriated profit brought forward 324,888,330 32,149,466
Less other comprehensive income (2,538,438) (3,268,348)
Profit available for appropriation 575,998,093 575,938,354
Appropriations:
Transfer to:    
Statutory reserves 50,729,640 109,411,447
Capital reserve - -
Contribution to MSDF / DFP / RMF 12,682,410 27,352,862
Revenue reserve - -
Interim cash dividend Rs. nil (2018 : Rs. 50 paisa per share) - 114,285,715
  63,412,050 251,050,024
Unappropriated profit carried forward 512,586,043 324,888,330
Earnings per share 1.11 2.49
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.