Financials -  Yearly Pakistan Mortgage Refinance Company Limited Statement Of Financial Position   As at December 31, 2018 (Rupees in ' 000)   Dec 31, 2018 Dec 31, 2017 Assets Cash and balances with treasury banks 653 14,083 Balances with other banks 504,566 1,240,575 Lendings to financial institutions 912,000 - Investments 1,009,632 - Advances 1,200,000 - Fixed assets 45,067 32,740 Deferred tax assets - 1,721 Other assets 66,648 31,602   3,749,678 1,320,721 Liabilities Bills payable - - Borrowings - - Deposits and other accounts - - Liabilities against assets subject to finance lease - - Advance against share capital - 1,159,905 Sub-ordinated loans - - Deferred tax liabilities - - Other liabilities 36,588 10,472   36,588 1,170,377 Net assets 3,713,090 150,344 Represented by Share capital 3,658,506 150,001 Reserves 11,007 - Surplus / (deficit) on revaluation of assets - - Unappropriated profit 43,577 343   3,713,090 150,344 Pakistan Mortgage Refinance Company Limited Profit And Loss Account   For the year ended December 31, 2018 (Rupees in ' 000)   Dec 31, 2018 Dec 31, 2017 Mark-up / return / interest earned 223,605 72,687 Mark-up / return / interest expensed - - Net mark-up / interest income 223,605 72,687 Non mark-up / interest income Fee and commission income - - Dividend income - - Foreign exchange income - - Income / (loss) from derivatives - - Gain / loss on securities - - Other income 30 2,134 Total non mark - up / interest income 30 2,134 Total income 223,635 74,821 Non mark-up / interest expenses Operating expenses 166,877 80,487 Workers welfare fund - - Other charges - - Total non mark-up / interest expenses 166,877 80,487 Profit / (loss) before provisions 56,758 (5,666) Provisions and write offs - net - - Extra ordinary / unusual items - - Profit (Loss) before taxation 56,758 (5,666) Taxation (1,721) 1,747 Profit (Loss) after taxation 55,037 (3,919) Basic and diluted  earnings (loss) / per share 0.22 (0.26) Auditor(s): Pakistan Banks' Association 2005. All Rights Reserved.