UNITED BANK LIMITED

BALANCE SHEET
Amounts in Thousand
2009
ASSETS
Current Assets
Fixed Assets
Total Assets

2010
(Rupees)

2011

313,112,229.00
327,337,300.00
640,449,529.00

322,043,808.00
403,345,835.00
725,389,643.00

85,763,200.00
667,853,436.00
753,616,636.00

387,743,269.00
185,387,897.00
573,131,166.00

443,897,799.00
206,357,664.00
650,255,463.00

237,295,447.00
435,192,301.00
672,487,748.00

EQUITY
Capital and reserves
58,194,427.00
Surplus on revaluation of fixed assets 9,123,936.00
Total Equity
67,318,363.00

66,127,210.00
9,006,970.00
75,134,180.00

71,204,345.00
9,924,543.00
81,128,888.00

725,389,643.00

753,616,636.00

LIABILITIES AND EQUITY

LIABILITIES
Current Liabilities
Long Term Liabilities
Total Liabilities

Total Liabilities & Equity

640,449,529.00

UNITED BANK LIMITED

PROFIT AND LOSS STATEMENT
Amounts in Thousand
2009
61,107,025.00
(28,163,787.00)
32,943,238.00

2010
(Rupees)
59,331,761.00
(25,223,253.00)
34,108,508.00

70,450,475.00
(31,025,869.00)
39,424,606.00

Provision against loans and advances - net (9,623,204.00)

Provision against lending to financial institutions
(560,852.00)
Provision for diminution in value of investments(945,342.00)
- net
Bad debts written off directly
(1,485,976.00)
Net mark-up / return / interest income after20,327,864.00
provisions

(6,803,355.00)
(204,573.00)
(996,772.00)
26,103,808.00

(6,194,551.00)
(345,858.00)
(410,085.00)
(340,416.00)
32,133,696.00

Fee, commission and brokerage income

5,925,082.00
6,337,745.00
Dividend income
606,347.00
591,017.00
Income from dealing in foreign currencies
1,213,881.00
1,653,793.00
Gain on sale of securities - net
629,418.00
158,885.00
Unrealized loss on revaluation of investments classified
(3,006.00)
as held for trading
-38,365
Other income
3,047,849.00
1,417,557.00
Total non mark-up / return / interest income
11,419,571.00
10,120,632.00

6,949,191.00
786,496.00
2,078,260.00
518,710.00
(43,750.00)
2,429,346.00
12,718,253.00

Mark-up / return / interest earned

Mark-up / return / interest expensed
Net mark-up / interest income

Administrative expenses
Other provisions / write offs - net
Workers' Welfare Fund
Other charges
Total non mark-up / interest expenses
Profit Before Taxation
Taxation
Profit after taxation
Earning Per Share

2011

(16,608,561.00)
(642,274.00)
(397,547.00)
(64,552.00)
(17,712,934.00)
14,034,501.00

(17,765,056.00)
(63,233.00)
(413,542.00)
(240,391.00)
(18,482,222.00)
17,742,218.00

(19,784,894.00)
(226,204.00)
(513,121.00)
(104,939.00)
(20,629,158.00)
24,222,791.00

(4,841,814.00)
9,192,687.00

(6,582,288.00)
11,159,930.00

(8,723,128.00)
15,499,663.00

Rs.7.51

Rs.9.12

Rs.12.66

UNITED BANK LIMITED

STATEMENT OF CASH FLOWS
Amounts in Thousand
2009

2010
(Rupees)

2011

CASH FROM OPERATING ACTIVITIES

Cash Inflow
Cash OutFlow
Total Cash From Operating Activities

46,640,889.00 124,143,121.00
(23,541,457.00) (23,622,773.00)
23,099,432.00 100,520,348.00

121,310,709.00
(12,739,027.00)
108,571,682.00

793,375.00
687,867.00
(15,115,931.00) (78,391,314.00)
(14,322,556.00) (77,703,447.00)

850,623.00
(86,709,855.00)
(85,859,232.00)

CASH FROM INVESTING ACTIVITIES

Cash Inflow
Cash OutFlow
Total Cash From Investing Activities
CASH FROM FINANCING ACTIVITIES
Cash Inflow
Cash OutFlow
Total Cash From Financing Activities

(1,015,767.00)
(1,015,767.00)

Exchange differences on translation of net investment in foreign

1,549,269.00
branches
Net Increase/ Decrease in Cash
9,310,378.00

(4,010,459.00)
(4,010,459.00)

(7,401,657.00)
(7,401,657.00)

419,851.00
19,226,293.00

1,541,259.00
16,852,052.00

Beginning Balance

57,567,139.00

66,877,517.00

86,103,810.00

Ending Balance

66,877,517.00

86,103,810.00

102,955,862.00

UNITED BANK LIMITED

STATEMENTS OF CHANGES IN EQUITY
Amounts in Thousand
2009
Beginning Balance
42,222,777.00
Changes in equity
Final cash dividend for the year ended
(1,011,719.00)
Interim cash dividend for the half year ended
Transfer to reserve for issue of bonus share
Issue of bonus shares at 10%
Total Comprehensive Income
10,812,174.00

2010
(Rupees)
52,276,246.00

2011
60,180,924.00

(2,782,227.00)
(1,224,180.00)
11,657,044.00

(4,896,719.00)
(1,836,270.00)
17,108,079.00

Transfer from surplus on revaluation of fixed assets 253,014

to unappropriated
254,041.00
profit - net of tax66,919.00
Transfer to statutory reserve
Ending Balance
52,276,246.00
60,180,924.00
70,622,933.00