Six Years’ Horizontal Analysis

Statement of Financial Position / Profit & Loss Account

Rupees in Million
Statement of Financial Position
2018 18 Vs 17 2017 17 Vs 16 2016 16 Vs 15 2015 15 Vs 14 2014 14 Vs 13 2013 13 Vs 12
Assets % % % % % %
Cash and balances with treasury banks 65,022 1 64,556 15 56,037 28 43,686 47 29,729 4 28,583 49
Balances with other banks 8,255 69 4,896 (59) 12,021 8 11,175 103 5,501 55 3,554 (8)
Due from financial institutions 184,815 26 147,229 14 129,115 28 101,079 11 90,766 1,119 7,443 1,389
Investments 123,743 4 119,238 (8) 130,156 (11) 146,305 28 114,089 (25) 151,614 (1)
Islamic financing and related assets 512,564 22 420,029 35 311,530 50 207,569 18 175,712 38 127,623 44
Fixed assets 13,129 16 11,364 34 8,470 11 7,596 32 5,748 8 5,327 13
Intangible assets 625 22 512 13 455 (1) 461 (12) 525 96 268 59
Deferred tax asset 983 - - - - - - (100) 815 522 131 (76)
Other assets 28,779 37 20,984 47 14,271 (21) 17,993 4 17,264 129 7,552 (6)
937,915 19 788,808 19 662,055 24 535,864 22 440,149 33 332,095 19
Liabilities
Bills payable 23,751 38 17,175 25 13,757 36 10,100 38 7,298 46 4,993 63
Due to financial institutions 36,408 (1) 36,813 15 32,006 135 13,610 (12) 15,465 36 11,375 (38)
Deposits and other accounts 785,477 18 667,181 19 559,398 19 468,281 24 378,744 31 288,433 25
Sub-ordinated Sukuk 14,000 100 7,000 - 7,000 - - - - - - -
Deferred tax liabilities - (100) 8 (99) 1,362 247 393 - - - - -
Other liabilities 37,946 48 25,554 42 18,058 5 17,133 16 14,752 76 8,381 (12)
897,582 19 753,731 19 631,581 24 509,517 22 416,259 33 313,182 20

Net Assets 40,333 15 35,077 15 30,474 16 26,347 10 23,890 26 18,913 14

Represented by:
Share capital 11,692 10 10,629 6 10,027 - 10,027 - 10,027 - 10,027 11
Reserves 15,161 13 13,369 38 9,700 13 8,588 18 7,289 105 3,551 29
Unappropriated profit 13,526 31 10,340 23 8,422 21 6,942 17 5,958 38 4,330 17
(Deficit) / Surplus on revaluation
of assets (46) (106) 739 (68) 2,325 194 790 28 616 (39) 1,005 (6)
40,333 15 35,077 15 30,474 16 26,347 10 23,890 26 18,913 14
Profit & Loss Account

2018 18 Vs 17 2017 17 Vs 16 2016 16 Vs 15 2015 15 Vs 14 2014 14 Vs 13 2013 13 Vs 12

% % % % % %
Profit on financing, investments
and placements 48,625 33 36,427 17 31,027 (6) 32,893 15 28,487 24 23,016 7
Profit on deposits and other
dues expensed (20,457) 30 (15,684) 18 (13,239) (13) (15,181) (2) (15,539) 23 (12,658) 11
Net spread earned 28,168 36 20,743 17 17,788 - 17,712 37 12,948 25 10,358 1
Fee, commission, forex and
other income 6,887 23 5,622 37 4,102 13 3,617 7 3,387 72 1,971 39
Dividend income and gain on securities 575 (71) 2,002 23 1,622 67 971 (32) 1,432 (7) 1,539 56

Total income 35,630 26 28,367 21 23,512 5 22,300 26 17,767 28 13,868 10

Operating and other expenses (19,670) 17 (16,832) 14 (14,787) 11 (13,313) 28 (10,402) 28 (8,128) 17
Profit before Provisions 15,960 38 11,535 32 8,725 (3) 8,987 22 7,365 28 5,740 1
Provisions and write offs - net (1,168) (9) (1,283) (689) 218 (141) (535) 15 (467) 402 (93) (79)
Profit before taxation 14,792 44 10,252 15 8,943 6 8,452 23 6,898 22 5,647 8
Taxation (5,830) 48 (3,939) 17 (3,381) (1) (3,429) 47 (2,328) 38 (1,690) (2)
Profit after taxation 8,962 42 6,313 14 5,562 11 5,023 10 4,570 15 3,957 13

(Comparitive information has been reclassified / rearranged for better presentation)

24 ANNUAL REPORT 2018