Notes to and forming part of the Unconsolidated Financial Statements

For the year ended December 31, 2018

43 SEGMENT INFORMATION

43.1 Segment details with respect to business activities

2018
Corporate / International
Treasury Branch Banking Islamic Banking Others Total
Commercial branch
Profit & Loss -------------------------------------------------------- (Rupees in '000) --------------------------------------------------------

Net mark-up / return / profit 29,169,912 38,054,781 (21,778,872) 2,256,974 8,531,476 - 56,234,271
Inter segment (expense) / revenue - net (25,119,792) (32,293,809) 55,328,232 - - 2,085,369 -
Non mark-up / return / interest income 2,945,167 9,172,158 9,989,431 206,059 2,045,808 713,186 25,071,809
Total Income 6,995,287 14,933,130 43,538,791 2,463,033 10,577,284 2,798,555 81,306,080

Segment direct expenses 1,171,679 565,182 24,150,372 1,514,278 6,962,460 9,061,368 43,425,339
Inter segment expense allocation 433,840 62,153 4,200,757 95,788 660,416 (5,452,954) -
Total expenses 1,605,519 627,335 28,351,129 1,610,066 7,622,876 3,608,414 43,425,339
Reversals / (Provisions) (408,496) (1,229,209) 468,714 (7,276) (11,568,920) (168,890) (12,914,077)
Profit / (loss) before tax 4,981,272 13,076,586 15,656,376 845,691 (8,614,512) (978,749) 24,966,664

Balance Sheet

Cash & Bank balances 25,660 51,299,328 79,947,294 13,483,155 60,363,310 1,694,309 206,813,056
Investments 7,213,391 653,902,739 - 30,746,758 88,243,845 6,268,593 786,375,326
1HWLQWHUVHJPHQWOHQGLQJ 2,249,966 - 880,425,313 - 1,202,781 37,278,794 921,156,854
Lendings to financial institutions - 23,499,887 - 10,066,732 374,927 - 33,941,546
Advances - performing 449,219,279 26,411 65,893,889 22,580,996 160,439,827 5,107,633 703,268,035
Advances - non-performing net of provision 1,777,079 - 262,540 15,068 10,586,944 27,065 12,668,696
Others 27,761,067 21,515,106 12,478,295 625,250 19,888,592 64,264,177 146,532,487
Total Assets 488,246,442 750,243,471 1,039,007,331 77,517,959 341,100,226 114,640,571 2,810,756,000

Borrowings 45,688,288 196,540,422 4,171,413 143,000 21,580,910 - 268,124,033

Subordinated debt - - - - - 9,000,000 9,000,000
Deposits & other accounts 38,238,653 35,170 993,358,839 73,434,945 259,572,141 1,420,300 1,366,060,048
1HWLQWHUVHJPHQWERUURZLQJ 377,589,646 543,078,514 - 488,694 - - 921,156,854
Others 24,033,549 10,691,578 34,324,820 922,413 14,528,536 10,644,221 95,145,117
Total Liabilities 485,550,136 750,345,684 1,031,855,072 74,989,052 295,681,587 21,064,521 2,659,486,052
Equity 2,696,306 (102,213) 7,152,259 2,528,907 45,418,639 93,576,050 151,269,948
Total Equity & liabilities 488,246,442 750,243,471 1,039,007,331 77,517,959 341,100,226 114,640,571 2,810,756,000

Contingencies and Commitments 415,595,186 252,604,420 21,489,804 340,262 426,945,992 1,923,829 1,118,899,493

Segment details with respect to business activities

2017 (Restated)
Corporate / International
Treasury Branch Banking Islamic Banking Others Total
Commercial branch
Profit & Loss -------------------------------------------------------- (Rupees in '000) --------------------------------------------------------

Net mark-up / return / profit 20,185,214 46,064,385 (19,627,225) 1,127,850 8,458,526 215,630 56,424,380
Inter segment (expense) / revenue - net (15,792,691) (30,807,574) 45,141,057 - - 1,459,208 -
Non mark-up / return / interest income 2,448,710 7,387,572 8,228,303 117,148 3,125,768 854,641 22,162,142
Total Income 6,841,233 22,644,383 33,742,135 1,244,998 11,584,294 2,529,479 78,586,522

Segment direct expenses 1,097,822 616,477 22,450,416 938,828 6,459,010 4,655,703 36,218,256
Inter segment expense allocation 361,441 74,233 3,759,778 (45,332) 695,439 (4,845,559) -
Total expenses 1,459,263 690,710 26,210,194 893,496 7,154,449 (189,856) 36,218,256
Reversals / (Provisions) 1,525,275 (76,826) 1,756,873 (14,051) (4,767,601) (873,480) (2,449,810)
Profit / (loss) before tax 6,907,245 21,876,847 9,288,814 337,451 (337,756) 1,845,855 39,918,456

Balance Sheet

Cash & Bank balances 28,025 54,053,124 58,654,476 11,979,558 51,820,364 563,338 177,098,885
Investments 7,834,991 974,793,372 - 25,401,968 78,235,537 5,520,758 1,091,786,626
1HWLQWHUVHJPHQWOHQGLQJ 7,192,612 1,273,806 831,512,169 - - 25,166,962 865,145,549
Lendings to financial institutions - 6,874,353 - 3,694,215 - 298,963 10,867,531
Advances - performing 356,645,367 28,173 54,691,150 22,101,684 176,537,821 4,549,560 614,553,755
Advances - non-performing net of provision 2,352,642 316 238,817 8,942 10,169,863 34,501 12,805,081
Others 25,038,114 19,107,147 9,690,949 721,793 10,574,595 60,689,458 125,822,056
Total Assets 399,091,751 1,056,130,291 954,787,561 63,908,160 327,338,180 96,823,540 2,898,079,483

Borrowings 32,114,222 459,164,420 4,584,439 1,500,000 15,287,384 - 512,650,465

Subordinated debt - - - - - - -
Deposits & other accounts 49,621,139 200,730 905,659,402 59,775,999 256,361,152 1,169,402 1,272,787,824
1HWLQWHUVHJPHQWERUURZLQJ 292,223,792 571,548,191 - - 1,373,566 - 865,145,549
Others 22,066,726 4,900,354 41,411,599 789,666 7,321,818 11,698,435 88,188,598
Total Liabilities 396,025,879 1,035,813,695 951,655,440 62,065,665 280,343,920 12,867,837 2,738,772,436
Equity 3,065,872 20,316,596 3,132,121 1,842,495 46,994,260 83,955,703 159,307,047
Total Equity & liabilities 399,091,751 1,056,130,291 954,787,561 63,908,160 327,338,180 96,823,540 2,898,079,483

Contingencies and Commitments 421,838,014 181,543,951 22,966,778 142,799 322,857,427 1,408 949,350,378

126 United Bank Limited