Financials - Half Yearly
United Bank Limited
Consolidated Balance Sheet
  As at June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Dec 31, 2018
Assets
Cash and balances with treasury banks 241,547,490 187,915,671
Balances with other banks 50,208,092 41,747,060
Lendings to financial institutions 22,594,704 35,346,551
Investments 902,297,655 831,159,100
Advances 680,906,133 754,551,722
Fixed assets 58,678,345 50,898,280
Intangible assets 1,869,523 1,876,094
Deferred tax asset 5,651,123 6,685,952
Assets held for sale 4,303,337 -
Other assets 102,479,871 92,312,444
  2,070,536,273 2,002,492,874
Liabilities
Bills payable 29,881,692 27,272,967
Borrowings 233,674,324 279,918,125
Deposits and other accounts 1,534,086,187 1,448,324,041
Liabilities against assets subject to finance lease 23,082 10,000
Subordinated debts 10,000,000 9,000,000
Deferred tax liabilities - -
Liabilities held for sale 4,120,718 -
Other liabilities 75,911,883 69,343,882
  1,887,697,886 1,833,869,015
Net assets 182,838,387 168,623,859
Represented by:
Share capital 12,241,798 12,241,798
Reserves 68,831,132 60,078,870
Surplus on revaluation of assets 18,982,069 16,992,906
Unappropriated profit 75,922,513 73,749,955
Total equity attributable to the equity holders of the bank 175,977,512 163,063,529
Non-controlling interest 6,860,875 5,560,330
  182,838,387 168,623,859

United Bank Limited
Consolidated Profit and Loss Account
  For the six months ended June 30, 2019
(Rupees in ' 000)
 
Jun 30, 2019
Jun 30, 2018
Mark-up / return / interest earned 68,241,685 56,158,142
Mark-up / return / interest expensed 37,656,138 27,095,623
Net mark-up / interest income 30,585,547 29,062,519
Non mark-up / interest income
Fee and commission income 8,099,318 7,694,571
Dividend income 639,614 810,755
Foreign exchange income 2,286,903 1,550,144
Income / (loss) from derivatives 85,426 (6,272)
Gain on securities - net 309,937 4,734,224
Other income 1,727,373 379,121
Total non mark-up / interest income 13,148,571 15,162,543
Total income 43,734,118 44,225,062
Non mark-up / interest expenses
Operating expenses 20,902,009 20,262,638
Workers' welfare fund 356,662 286,898
Other charges 2,218 4,019
Total non mark-up / interest expenses 21,260,889 20,553,555
Share of profit of associates 348,724 300,412
Profit before provisions 22,821,953 23,971,919
Provisions and write-offs - net 3,677,940 4,745,522
Extra ordinary / unusual item - charge in respect of pension liability - 8,404,635
Profit before taxation from continuing operations 19,144,013 10,821,762
Taxation 8,646,392 4,709,742
Profit after taxation from continuing operations 10,497,621 6,112,020
Discontinued operations    
Loss from discontinued operations - net of tax (1,330,512) -
Profit after taxation 9,167,109 6,112,020
Attributable to:
Equity holders of the bank    
     from continuing operations 10,506,813 6,193,752
     from discontinued operations (1,330,512) -
  9,176,301 6,193,752
Non-controlling interest (9,192) (81,732)
  9,167,109 6,112,020
Earnings per share - basic and diluted (Rupees)    
     from continuing operations 8.58 5.06
     from discontinued operations (1.09) -
  7.49 5.06
Auditor(s):

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