Financials -  Yearly Sindh Microfinance Bank Limited Balance Sheet   As at December 31, 2017 (Rupees in ' 000)   Dec 31, 2017 Dec 31, 2016 Assets Cash and balance with SBP and NBP 1,005,398 516,805 Balance with other banks 423,921,212 581,437,850 Lending to financial institutions - 100,000,000 Investments - net of provisions - - Advances - net of provisions 338,388,828 68,657,071 Operating fixed assets 9,012,416 7,399,608 Other assets 31,577,415 22,680,807 Deferred tax assets - net - -   803,905,269 780,692,141 Liabilities Deposits and other accounts 1,373,112 1,138,626 Borrowings - - Subordinated debt - - Other liabilities 2,729,942 1,472,269 Deferred tax liabilities-net 403,533 407,907 Total liabilities 4,506,587 3,018,801 Net assets 799,398,682 777,673,339 Represented by: Share capital 750,000,000 750,000,000 Statutory and General Reserves 9,879,735 5,534,666 Depositor's protection fund 2,469,934 1,383,667 Unappropriated profit 37,049,013 20,755,006   799,398,682 777,673,339 Surplus / (deficit) on revaluation of assets - - Deferred grants - - Total equity 799,398,682 777,673,339 Sindh Microfinance Bank Limited Profit and Loss Account   For the year ended December 31, 2017 (Rupees in ' 000)   Dec 31, 2017 Dec 31, 2016 Mark-up / return / interest earned 119,668,435 60,809,161 Mark-up / return / interest expensed (5,290) (236) Net mark-up / interest income 119,663,145 60,808,925 Provision against non-performing loans and advances (2,724,665) (693,506) Provision for diminution in the value of investments - - Bad debts written off directly (469,926) -   (3,194,591) (693,506) Net mark-up / interest income after provisions 116,468,554 60,115,419 Non mark-up / non interest income Fee, commission and brokerage income - - Dividend income - - Other income 9,725 16,000   9,725 16,000 Total non mark-up / non interest income 116,478,279 60,131,419 Non mark-up / non interest expense Administrative expenses (85,524,686) (39,390,100) Other provisions / write offs - - Other charges - - Total non mark-up / non interest expenses (85,524,686) (39,390,100) Extraordinary / unusual items - - Profit before taxation 30,953,593 20,741,319 Taxation - current 9,232,624 6,900,501              - prior - (110,092)              - deferred (4,374) 1,490,392   (9,228,250) (8,280,801) Profit after taxation 21,725,343 12,460,518 Unappropriated profit - brought forward 20,755,006 11,409,618 Profit available for appropriation 42,480,349 23,870,136 Appropriations: Transfer to     - statutory reserve 4,345,069 2,492,104 - capital reserve - - - contribution to depositor's protection fund 1,086,267 623,026 - revenue reserve - - - proposed dividend - - Unappropriated profit - carried forward 37,049,013 20,755,006 Earnings per share 0.29 0.17 Auditor(s): Pakistan Banks' Association 2005. All Rights Reserved.