Financials -  Yearly
United Bank Limited
Consolidated Statement of Financial Position
  As at December 31, 2019
(Rupees in 000)
 
2019
2018
Assets
Cash and balances with treasury banks 243,370,701 187,915,671
Balances with other banks 42,722,227 41,747,060
Lending to financial institutions 21,756,404 35,346,551
Investments 874,561,737 831,159,100
Advances 694,934,463 754,551,722
Fixed assets 58,276,411 50,898,280
Intangible assets 2,070,938 1,876,094
Deferred tax assets 1,723,553 6,685,952
Assets classified as held for sale 236,450 -
Other assets 84,085,440 92,312,444
  2,023,738,324 2,002,492,874
Liabilities
Bills payable 22,929,220 27,272,967
Borrowings 170,405,060 279,918,125
Deposits and other accounts 1,557,995,306 1,448,324,041
Liabilities against assets subject to finance lease 19,095 10,000
Subordinated debts 10,000,000 9,000,000
Deferred tax liabilities - -
Liabilities directly associated with assets classified as held for sale 17,936 -
Other liabilities 71,499,836 69,343,882
  1,832,866,453 1,833,869,015
Net assets 190,871,871 168,623,859
Represented by
Share capital 12,241,798 12,241,798
Reserves 66,676,411 60,078,870
Surplus on revaluation of assets 27,404,558 16,992,906
Unappropriated profit 77,335,249 73,749,955
Total equity attributable to the equity holders of the bank 183,658,016 163,063,529
Non-controlling interest 7,213,855 5,560,330
  190,871,871 168,623,859

United Bank Limited
Consolidated Profit and Loss Account
  For the year ended December 31, 2019
(Rupees in 000)
 
2019
2018
Mark-up / return / interest earned 157,277,853 116,833,977
Mark-up / return / interest expensed 93,936,935 58,890,757
Net mark-up / interest income 63,340,918 57,943,220
Non mark-up / interest income
Fee and commission income 15,631,895 15,859,283
Dividend income 1,123,261 1,683,678
Foreign exchange income 4,669,102 3,656,352
Income / (loss) from derivatives 64,627 (87,716)
Gain on securities - net 216,670 3,885,834
Other income 1,852,427 1,014,156
Total non mark-up / interest income 23,557,982 26,011,587
Total income 86,898,900 83,954,807
Non mark-up / interest expenses
Operating expenses 43,843,588 42,047,048
Workers' Welfare Fund 747,859 (2,163,314)
Other charges 40,109 114,798
Total non mark-up / interest income 44,631,556 39,998,532
Share of profit of associates 776,853 699,294
Profit before provisions 43,044,197 44,655,569
Provisions and write offs - net 7,313,543 12,446,609
Extra ordinary / unusual item - charge in respect of pension liability - 6,657,216
Profit before taxation from continuing operations 35,730,654 25,551,744
Taxation 15,457,158 10,384,383
Profit after taxation from continuing operations 20,273,496 15,167,361
Discontinued operation
Loss from discontinued operation - net of tax (1,225,198) (117,807)
  19,048,298 15,049,554
Attributable to:
Equity holders of the Bank 20,320,339 15,600,858
from continuing operations (1,225,198) (117,807)
from discontinued operations 19,095,141 15,483,051
Non-controlling interest (46,843) (433,497)
  19,048,298 15,049,554
Earnings per share for profit from continuing operations attributable to the ordinary equity holders of the Bank    
Basic and diluted 16.60 12.74
Earnings per share for profit attributable to the ordinary
equity holders of the Bank
   
Basic and diluted 16.60 12.65
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.