Financials - Half Yearly
AlBaraka Bank (Pakistan) Limited
Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 18,388,268 14,934,799
Balances with other banks 1,414,502 854,171
Due from financial institutions 2,429,581 -
Investments 24,227,763 21,345,325
Islamic financing and related assets - net 76,299,551 75,011,976
Fixed assets 4,710,143 2,310,578
Intangible assets 1,566,417 1,572,861
Deferred tax assets 3,293,423 3,238,909
Other assets 10,560,967 9,544,420
  142,890,615 128,813,039
Liabilities
Bills payable 4,564,708 3,697,477
Due to financial institutions 3,391,185 3,836,022
Deposits and other accounts 111,249,290 99,915,011
Subordinated debt 3,603,519 3,746,377
Deferred tax liabilities - -
Other liabilities 9,386,765 6,913,069
  132,195,467 118,107,956
Net assets 10,695,148 10,705,083
Represented by
Share capital - net 13,106,862 13,106,862
Reserves 170,546 159,348
Surplus on revaluation of assets 287,140 353,212
Accumulated loss (2,869,400) (2,914,339)
  10,695,148 10,705,083

AlBaraka Bank (Pakistan) Limited
Profit and Loss Account
  For the six months ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Profit / return earned on Islamic financing and related assets, investments and placements 5,467,289 3,659,563
Return on deposits and other dues expensed (3,007,341) (1,704,740)
Net spread earned 2,459,948 1,954,823
Other income
Fee and commission income 3,85,974 365,322
Dividend income 15,803 15,805
Foreign exchange income 235,466 186,600
Gain / (loss) on securities 10,666 20,070
Other income 3,807 9,256
Total other income 651,716 597,053
Total income 3,111,664 2,551,876
Other expenses
Operating expenses (2,548,751) (2,375,258)
Workers' welfare fund (2,316) -
Other charges (789)

(5,897)
Total other expenses (2,551,856) (2,381,155)
Profit before provisions 559,808 170,721
Provisions and write offs - net (446,333) (582,203)
Extra ordinary / unusual items - -
Profit / (loss) before taxation 113,475 (411,482)
Taxation (57,486) 141,317
Profit / (loss) after taxation (55,989) (270,165)
Profit / (loss) per share - basic / diluted (Rupees) 0.04 (0.20)
Auditor(s):
Pakistan Banks' Association 2005. All Rights Reserved.