Financials - Half Yearly
United Bank Limited
Consolidated Balance Sheet
  As at June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Dec 31, 2016
Assets
Cash and balances with treasury banks 155,618,315 133,467,502
Balances with other banks 27,093,990 32,267,304
Lendings to financial institutions 37,547,442 35,484,586
Investments 1,035,726,665 838,262,274
Advances 600,980,704 537,782,146
Operating fixed assets 42,065,392 39,298,927
Deferred tax asset - net - -
Other assets 49,104,524 45,179,521
  1,948,137,032 1,661,742,260
Liabilities
Bills payable 17,585,492 11,759,012
Borrowings 399,924,000 205,865,131
Deposits and other accounts 1,327,687,785 1,245,791,616
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 5,273 3,558
Deferred tax liability - net 4,573,487 5,230,571
Other liabilities 31,858,099 29,363,148
  1,781,634,136 1,498,013,036
Net assets 166,502,896 163,729,224
Represented by
Share capital 12,241,798 12,241,798
Reserves 44,199,691 42,615,188
Unappropriated profit 72,310,043 68,939,008
Total equity attributable to the equity holders of the bank 128,751,532 123,795,994
Non-controlling interest 4,400,702 4,227,693
  133,152,234 128,023,687
Surplus on revaluation of assets - net of deferred tax 33,350,662 35,705,537
  166,502,896 163,729,224

United Bank Limited
Consolidated Profit and Loss Account
  For the six months ended June 30, 2017
(Rupees in ' 000)
 
Jun 30, 2017
Jun 30, 2016
Mark-up / return / interest earned 51,305,607 51,361,419
Mark-up / return / interest expensed (22,487,513) (21,007,085)
Net mark-up / return / interest income 28,818,094 30,354,334
Reversal / (provision) against loans and advances - net 396,834 (782,527)
Reversal of provision against lendings to financial institutions - net 8,260 0
Provision for diminution in value of investments - net (188,888) (692,682)
Bad debts written off directly (24,920) (45,370)
  191,286 (1,520,579)
Net mark-up / interest / income after provisions 29,009,380 28,833,755
Non mark-up / interest income
Fee, commission and brokerage income 7,039,730 7,402,536
Dividend income 779,624 1,275,902
Income from dealing in foreign currencies 959,939 1,097,433
Gain on sale of securities - net 3,996,614 4,770,886
Unrealized gain / (loss) on revaluation of investments classified as held for trading 2,490 8,756
Other income 415,390 546,415
Total non mark-up / interest income 13,193,787 15,101,928
  42,203,167 43,935,683
Non mark-up / interest expenses
Administrative expenses (18,850,819) (17,862,355)
Other provisions - net 2,508 (264,353)
Workers' welfare fund (478,129) (509,151)
Other charges (58,640) (30,250)
Total non-mark-up / interest expenses (19,385,080) (18,666,109)
  22,818,087 25,269,574
Share of income of associates 370,024 212,592
Profit before taxation 23,188,111 25,482,166
Taxation - Current (8,495,148) (9,007,570)
             - Prior (459,532) (1,972,836)
             - Deferred (942,574) 98,879
  (9,897,254) (10,881,527)
Profit after taxation 13,290,857 14,600,639
Attributable to:
Equity shareholders of the bank 13,239,324 14,464,019
Non-controlling interest 51,533 136,620
  13,290,857 14,600,639
Earnings per share - basic and diluted 10.81 11.82
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.