Financials - Half Yearly
United Bank Limited
Consolidated Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 90,644,524 113,762,323
Balances with other banks 37,459,659 27,713,772
Lendings to financial institutions 37,630,828 25,913,741
Investments 865,385,495 752,989,747
Advances 530,371,696 488,061,033
Operating fixed assets 37,751,447 35,982,258
Deferred tax asset - net - -
Other assets 47,863,208 41,763,939
  1,647,106,857 1,486,186,813
Liabilities
Bills payable 12,220,186 13,395,744
Borrowings 219,278,667 164,232,087
Deposits and other accounts 1,211,353,904 1,119,953,064
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 4,686 4,873
Deferred tax liability - net 6,727,677 4,515,165
Other liabilities 32,458,202 28,486,831
  1,482,043,322 1,330,587,764
Net assets 165,063,535 155,599,049
Represented by
Share capital 12,241,798 12,241,798
Reserves 41,932,600 41,624,817
Unappropriated profit 64,413,079 59,955,027
Total equity attributable to the equity holders of the bank 118,587,477 113,821,642
Non-controlling interest 4,887,279 5,223,744
  123,474,756 119,045,386
Surplus on revaluation of assets - net of deferred tax 41,588,779 36,553,663
  165,063,535 155,599,049

United Bank Limited
Consolidated Profit and Loss Account
  For the six months ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Mark-up / return / interest earned 51,361,419 47,930,237
Mark-up / return / interest expensed (21,007,085) (19,688,925)
Net mark-up / return / interest income 30,354,334 28,241,312
Reversal / (provision) against loans and advances - net (782,527) (1,959,905)
Provision for diminution in value of investments - net (692,682) (40,591)
Bad debts written off directly (45,370) (72,406)
  (1,520,579) (2,072,902)
Net mark-up / interest / income after provisions 28,833,755 26,168,410
Non mark-up / interest income
Fee, commission and brokerage income 7,402,536 7,351,574
Dividend income 1,275,902 1,282,142
Income from dealing in foreign currencies 1,097,433 1,382,339
Gain on sale of securities - net 4,770,886 2,747,687
Unrealized gain / (loss) on revaluation of investments classified as held for trading 8,756 (266,805)
Other income 546,415 855,528
Total non mark-up / interest income 15,101,928 13,352,465
  43,935,683 39,520,875
Non mark-up / interest expenses
Administrative expenses (17,862,355) (16,399,060)
Other provisions - net (264,353) (86,183)
Workers' welfare fund (509,151) (456,864)
Other charges (30,250) (63,566)
Total non-mark-up / interest expenses (18,666,109) (17,005,673)
  25,269,574 22,515,202
Share of income of associates 212,592 460,139
Profit before taxation 25,482,166 22,975,341
Taxation - Current (9,007,570) (8,212,621)
             - Prior (1,972,836) (1,623,490)
             - Deferred 98,879 279,903
  (10,881,527) (9,556,208)
Profit after taxation 14,600,639 13,419,133
Attributable to:
Equity shareholders of the bank 14,464,019 13,012,674
Non-controlling interest 136,620 406,459
  14,600,639 13,419,133
Earnings per share - basic and diluted 11.82 10.63
Auditor(s):

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