Financials -  Yearly
United Bank Limited
Consolidated Balance Sheet
  As at December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Assets
Cash and balances with treasury banks 113,762,323 75,660,306
Balances with other banks 27,713,772 21,948,274
Lendings to financial institutions 31,304,861 23,435,222
Investments 747,598,627 519,602,007
Advances
Performing 477,649,098 455,078,880
Non-performing - net of provision 9,629,045 12,286,412
  487,278,143 467,365,292
Operating fixed assets 36,677,638 33,335,646
Deferred tax asset - net - -
Other assets 41,851,449 41,106,366
  1,486,186,813 1,182,453,113
Liabilities
Bills payable 13,395,744 9,559,255
Borrowings 164,232,087 53,248,526
Deposits and other accounts 1,119,953,064 951,902,296
Subordinated loans - -
Liabilities against assets subject to finance lease 4,873 429
Deferred tax liability - net 4,515,165 2,139,586
Other liabilities 28,486,831 28,098,410
  1,330,587,764 1,044,948,502
Net assets 155,599,049 137,504,611
Represented by
Share capital 12,241,798 12,241,798
Reserves 41,624,817 37,286,088
Unappropriated profit 59,955,027 52,507,655
Total equity attributable to the equity holders of the bank 113,821,642 102,035,541
Non-controlling interest 5,223,744 4,553,250
  119,045,386 106,588,791
Surplus on revaluation of assets - net of deferred tax 36,553,663 30,915,820
  155,599,049 137,504,611

United Bank Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2015
(Rupees in ' 000)
 
Dec 31, 2015
Dec 31, 2014
Mark-up / return / interest earned 97,574,003 85,760,646
Mark-up / return / interest expensed 39,715,160 38,846,868
Net mark-up / return / interest income 57,858,843 46,913,778
Provision against loans and advances - net 2,942,024 533,523
Provision against lendings to financial institutions - net - 165,744
Provision for diminution in value of investments - net 708,319 459,812
Bad debts written off directly 173,085 177,222
  3,823,428 1,336,301
Net mark-up / return / interest income after provisions 54,035,415 45,577,477
Non mark-up / return / interest income
Fee, commission and brokerage income 14,239,098 13,292,093
Dividend income 2,350,112 1,819,136
Income from dealing in foreign currencies 2,588,176 3,091,592
Gain on sale of securities - net 3,195,016 2,063,436
Unrealized gain / (loss) on revaluation of investments classified as held for trading 16,245 (28,723)
Other income 1,298,577 1,118,583
Total non mark-up / return / interest income 23,687,224 21,356,117
  77,722,639 66,933,594
Non mark-up / return / interest expenses
Administrative expenses 34,004,803 31,752,088
Other provisions - net 78,143 276,446
Workers' Welfare Fund 851,968 673,005
Other charges 202,103 10,427
Total non mark-up / return / interest expenses 35,137,017 32,711,966
Share of profit of associates 861,704 1,394,686
Profit before taxation 43,447,326 35,616,314
Taxation - current 15,235,612 10,859,677
             - prior 1,801,172 361,962
             - deferred (599,084) 369,872
  16,437,700 11,591,511
Profit after taxation 27,009,626 24,024,803
Attributable to:
Equity shareholders of the Bank 26,154,344 23,647,704
Non-controlling interest 855,282 377,099
  27,009,626 24,024,803
Earnings per share - basic and diluted 21.36 19.32
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.