Financials -  Yearly
United Bank Limited
Consolidated Statement of Financial Position
  As at December 31, 2017
(Rupees in ' 000)
 
2017
2016
Assets
Cash and balances with treasury banks 161,119,170 133,467,502
Balances with other banks 35,549,112 32,267,304
Lendings to financial institutions 35,893,920 35,484,586
Investments 1,124,921,300 838,262,274
Advances
Performing 629,824,756 529,818,148
Non-performing - net of provision 12,681,964 7,963,998
  642,506,720 537,782,146
Operating fixed assets 50,384,077 39,298,927
Deferred tax asset - net - -
Other assets 54,986,201 45,179,521
  2,105,360,500 1,661,742,260
Liabilities
Bills payable 13,392,978 11,759,012
Borrowings 517,082,159 205,865,131
Deposits and other accounts 1,366,157,914 1,245,791,616
Subordinated loans - -
Liabilities against assets subject to finance lease 4,375 3,558
Deferred tax liability - net 2,980,466 5,230,571
Other liabilities 31,248,846 29,363,148
  1,930,866,738 1,498,013,036
Net assets 174,493,762 163,729,224
Represented by
Share capital 12,241,798 12,241,798
Reserves 47,203,516 42,615,188
Unappropriated profit 76,651,713 68,939,008
Total equity attributable to the equity holders of the bank 136,097,027 123,795,994
Non-controlling interest 4,810,519 4,227,693
  140,907,546 128,023,687
Surplus on revaluation of assets - net of deferred tax 33,586,216 35,705,537
  174,493,762 163,729,224

United Bank Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2017
(Rupees in ' 000)
 
2017
2016
Mark-up / return / interest earned 110,579,895 101,755,044
Mark-up / return / interest expensed 52,487,753 42,933,935
Net mark-up / return / interest income 58,092,142 58,821,109
Provision against loans and advances - net 1,877,257 624,626
Reversal of provision against lendings to financial institutions - net (8,260) (15,500)
Provision for diminution in value of investments - net 719,845 898,109
Bad debts written off directly 187,443 97,781
  2,776,285 1,605,016
Net mark-up / return / interest income after provisions 55,315,857 57,216,093
Non mark-up / return / interest income
Fee, commission and brokerage income 14,831,990 14,377,568
Dividend income 1,733,757 2,276,408
Income from dealing in foreign currencies 2,150,117 1,955,790
Gain on sale of securities - net 4,797,686 5,609,581
Unrealized gain / (loss) on revaluation of investments classified as held for trading 2,207 (1,221)
Other income 780,328 916,264
Total non mark-up / return / interest income 24,296,085 25,134,390
  79,611,942 82,350,483
Non mark-up / return / interest expenses
Administrative expenses 38,455,334 35,022,240
Other provisions / write offs - net (389,069) 231,368
Workers' Welfare Fund 814,699 930,022
Other charges 59,688 69,818
Total non mark-up / return / interest expenses 38,940,652 36,253,448
Share of profit of associates 459,702 1,057,248
Profit before taxation 41,130,992 47,154,283
Taxation - current 14,701,343 15,305,737
             - prior (2,031,665) 2,251,412
             - deferred 2,264,725 1,594,832
  14,934,403 19,151,981
Profit after taxation 26,196,589 28,002,302
Attributable to:
Equity shareholders of the Bank 26,190,302 27,782,758
Non-controlling interest 6,287 219,544
  26,196,589 28,002,302
Earnings per share - basic and diluted (rupees) 21.39 22.70
Auditor(s):

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