Financials -  Yearly
United Bank Limited
Consolidated Balance Sheet
  As at December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 133,467,502 113,762,323
Balances with other banks 32,267,304 27,713,772
Lendings to financial institutions 35,484,586 25,913,741
Investments 838,262,274 752,989,747
Advances
Performing 529,818,148 478,353,761
Non-performing - net of provision 7,963,998 9,707,272
  537,782,146 488,061,033
Operating fixed assets 39,298,927 35,982,257
Deferred tax asset - net - -
Other assets 45,179,521 41,763,940
  1,661,742,260 1,486,186,813
Liabilities
Bills payable 11,759,012 13,395,744
Borrowings 205,865,131 164,232,087
Deposits and other accounts 1,245,791,616 1,119,953,064
Subordinated loans - -
Liabilities against assets subject to finance lease 3,558 4,873
Deferred tax liability - net 5,230,571 4,515,165
Other liabilities 29,363,148 28,486,831
  1,498,013,036 1,330,587,764
Net assets 163,729,224 155,599,049
Represented by
Share capital 12,241,798 12,241,798
Reserves 42,615,188 41,624,817
Unappropriated profit 68,939,008 59,955,027
Total equity attributable to the equity holders of the bank 123,795,994 113,821,642
Non-controlling interest 4,227,693 5,223,744
  128,023,687 119,045,386
Surplus on revaluation of assets - net of deferred tax 35,705,537 36,553,663
  163,729,224 155,599,049

United Bank Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2016
(Rupees in ' 000)
 
Dec 31, 2016
Dec 31, 2015
Mark-up / return / interest earned 101,755,044 97,574,003
Mark-up / return / interest expensed 42,933,935 39,715,160
Net mark-up / return / interest income 58,821,109 57,858,843
Provision against loans and advances - net 624,626 2,940,750
Reversal of provision against lendings to financial institutions - net (15,500) -
Provision for diminution in value of investments 898,109 708,319
Bad debts written off directly 97,781 173,085
  1,605,016 3,822,154
Net mark-up / return / interest income after provisions 57,216,093 54,036,689
Non mark-up / return / interest income
Fee, commission and brokerage income 14,377,568 14,239,098
Dividend income 2,276,408 2,350,112
Income from dealing in foreign currencies 1,955,790 2,588,176
Gain on sale of securities - net 5,609,581 3,195,016
Unrealized (loss) / gain on revaluation of investments classified as held for trading (1,221) 16,245
Other income 916,264 1,298,577
Total non mark-up / return / interest income 25,134,390 23,687,224
  82,350,483 77,723,913
Non mark-up / return / interest expenses
Administrative expenses 35,022,240 34,004,803
Other provisions - net 231,368 79,417
Workers' Welfare Fund 930,022 851,968
Other charges 69,818 202,103
Total non mark-up / return / interest expenses 36,253,448 35,138,291
Share of profit of associates 1,057,248 861,704
Profit before taxation 47,154,283 43,447,326
Taxation - current 15,305,737 15,235,612
             - prior 2,251,412 1,801,172
             - deferred 1,594,832 (599,084)
  19,151,981 16,437,700
Profit after taxation 28,002,302 27,009,626
Attributable to:
Equity shareholders of the Bank 27,782,758 26,154,344
Non-controlling interest 219,544 855,282
  28,002,302 27,009,626
Earnings per share - basic and diluted 22.70 21.36
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.