Financials - Half Yearly
United Bank Limited
Consolidated Balance Sheet
  As at June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Dec 31, 2017
Assets
Cash and balances with treasury banks 165,569,967 161,119,170
Balances with other banks 40,968,344 35,549,112
Lendings to financial institutions 43,689,293 35,893,920
Investments 840,112,516 1,124,921,300
Advances 715,764,500 642,506,720
Operating fixed assets 52,106,428 50,384,077
Deferred tax asset - net 3,290,893 -
Other assets 59,486,651 54,986,201
  1,920,988,592 2,105,360,500
Liabilities
Bills payable 15,568,285 13,392,978
Borrowings 299,943,198 517,082,159
Deposits and other accounts 1,395,836,645 1,366,157,914
Subordinated loans - -
Liabilities against assets subject to finance lease 11,602 4,375
Deferred tax liability - net - 2,980,466
Other liabilities 42,667,817 31,248,846
  1,754,027,547 1,930,866,738
Net assets 166,961,045 174,493,762
Represented by
Share capital 12,241,798 12,241,798
Reserves 52,366,391 47,203,516
Unappropriated profit 71,777,245 76,410,128
Total equity attributable to the equity holders of the bank 136,385,434 135,855,442
Non-controlling interest 5,074,387 4,810,519
  141,459,821 140,665,961
Surplus on revaluation of assets - net of deferred tax 25,501,224 33,827,801
  166,961,045 174,493,762

United Bank Limited
Consolidated Profit and Loss Account
  For the six months ended June 30, 2018
(Rupees in ' 000)
 
Jun 30, 2018
Jun 30, 2017
Mark-up / return / interest earned 56,158,142 51,305,607
Mark-up / return / interest expensed (27,095,623) (22,487,513)
Net mark-up / return / interest income 29,062,519 28,818,094
(Provision) / reversal against loans and advances - net (3,748,145) (396,834)
Reversal of provision against lendings to financial institutions - net 122,149 8,260
Provision for diminution in value of investments - net (740,295) (188,888)
Bad debts written off directly (40,251) (24,920)
  (4,406,542) 191,286
Net mark-up / return / interest income after provisions 24,655,977 29,009,380
Non mark-up / interest income
Fee, commission and brokerage income 7,694,571 7,039,730
Dividend income 810,755 779,624
Income from dealing in foreign currencies 1,550,144 959,939
Gain on sale of securities - net 4,735,514 3,996,614
Unrealized (loss) / gain on revaluation of investments classified as held for trading (1,290) 2,490
Other income 372,849 415,390
Total non mark-up / interest income 15,162,543 13,193,787
  39,818,520 42,203,167
Non mark-up / interest expenses
Administrative expenses (20,262,638) (18,850,819)
Other provisions / write offs - net (338,980) 2,508
Workers' welfare fund (286,898) (478,129)
Other charges (4,019) (58,640)
Total non-mark-up / interest expenses (20,892,535) (19,385,080)
  18,925,985 22,818,087
Share of income of associates 300,412 370,024
Profit before extraordinary / unusual item and taxaion 19,226,397 23,188,111
Extraordinary / unusual item - accrual in respect of pension liability (8,404,635) -
Profit before taxation 10,821,762 23,188,111
Taxation - Current (5,700,667) (8,495,148)
             - Prior (4,505) (459,532)
             - Deferred 995,430 (942,574)
  (4,709,742) (9,897,254)
Profit after taxation 6,112,020 13,290,857
Attributable to:
Equity shareholders of the bank 6,193,752 13,239,324
Non-controlling interest (81,732) 51,533
  6,112,020 13,290,857
Earnings per share - basic and diluted (Rupees) 5.06 10.81
Auditor(s):

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