Notes to and forming part of the Unconsolidated Financial Statements

For the year ended December 31, 2018

Note 2018 2017

------- (Rupees in '000) -------
9.2.1 Investments given as collateral - at market value

Market Treasury Bills 104,483,301 239,588,138

Pakistan Investment Bonds 55,064,705 211,713,424
Government of Pakistan Eurobonds 1,457,053 -
Foreign bonds - sovereign 2,938,477 -
Foreign bonds - others 1,167,508 -
165,111,044 451,301,562

9.3 Provision for diminution in value of investments

9.3.1 Opening balance 3,768,660 2,428,208

Impact on adoption of IFRS 9 5.1.2 871,640 -
Exchange adjustments 373,968 51,363

Charge / (reversals)
Charge for the year 1,567,939 1,370,128
Reversals for the year (12,388) (30,870)
1,555,551 1,339,258
Reversal on disposal (60,438) (49,101)
Amounts written off (27,725) (1,068)
Closing balance 9.11 6,481,656 3,768,660

9.3.2 Particulars of provision against debt securities

Category of classification 2018 2017

Non Non
performing performing
investment Provision investment Provision
(NPI) (NPI)
----------------------------- (Rupees in '000) -------------------------
Domestic
Loss 2,136,944 219,107 2,563,729 259,952

Overseas
Not past due but impaired - - 41,280 2,212
Overdue by:
+<= * 729,205 729,179 579,811 579,811

Total 2,866,149 948,286 3,184,820 841,975

2018 2017
9.4 Bai Muajjal with Government of Pakistan ------- (Rupees in '000) -------

Bai Muajjal Investment 11,420,000 -

Less: Deferred Income (3,119,434) -
Bai Muajjal Investment - net 8,300,566 -

9.5 Quality of Available for Sale Securities

Details regarding quality of Available for Sale (AFS) securities are as follows;

94 United Bank Limited