(Thai) Annual Report 2005 - United Overseas Bank

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(Unit : Million Baht) CONSOLIDATED AND THE BANK ONLY As at 31 December 2004 Notional Fair value value* Foreign exchange contracts 34,411 217 Interest rate swap contracts 5,000 (7) *Fair value represents gain (loss) from mark to market as at the balance sheets date Methods and assumptions in estimating market value or fair value of financial instruments The following methods and assumptions were used by the Bank and its subsidiaries in estimating market value or fair value of financial instruments as disclosed herein : Cash and interbank and money market items The carrying amounts of cash and interbank and money market items which have remaining maturities of less than 1 year or bear floating rates of interest approximate their fair value. Fair value for fixed rate instruments with remaining maturities greater than 1 year is estimated by using a discounted cash flow calculation applying average interest rates currently being offered on similar instruments. Securities purchased under resale agreements The carrying amount of securities purchased under resale agreements estimates fair value. Investments Fair value for securities is based on quoted market prices, where available. If quoted market prices are not available, market value is based on quoted market prices of comparable instruments after adjusting for risk involved or the net asset values of such securities. Loans For floating-rate loans that reprice frequently and have no significant change in credit risk, fair value is based on carrying values. The fair value of fixed rate loans that reprice within 1 year from the balance sheet date is the carrying value at the balance sheet date. Fair value for other fixed interest rate loans is estimated using discounted cash flow analysis and using average interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. 104 United Overseas Bank (Thai) Public Company Limited
Fair value of hire-purchase and financial lease receivables is estimated by using discounted cash flow analysis and using interest rates currently being offered with average remaining years to maturity. Accrued interest receivable Fair value of accrued interest receivable is based on carrying values. Deposit liabilities The fair value of deposits which is payable on demand by the depositor, is equal to the carrying value of such deposits. The fair value of floating-rate, certificates of deposit (CDs) and fixed rate deposits repricing within 3 months approximate their carrying value at the reporting date. Fair value for other fixed rate deposits is estimated using a discounted cash flow calculation that applies the currently average deposit rates of the four major commercial banks to a schedule of aggregate expected monthly maturities on time deposits. Interbank and money market items (liabilities) The carrying amount of interbank and money market items which have remaining maturities of less than 1 year and/or bear floating rates of interest approximates their fair value at the reporting date. Fair value for fixed rate instruments with remaining maturities greater than 1 year is estimated by using a discounted cash flow calculation applying average interest rates currently being offered on similar instruments. Securities sold under repurchase agreements The carrying value of securities sold under repurchase agreements approximates fair value. Borrowings The fair value of borrowings with remaining maturities less than 1 year approximates their carrying value at the reporting date. Fair value of borrowings with remaining maturities greater than 1 year is estimated using discounted cash flow analysis based on the average current borrowing rates for similar types of borrowing arrangements. United Overseas Bank (Thai) Public Company Limited 105
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United Overseas Bank (Thai) Public
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Financial Highlights (consolidated
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two banks were realized. Excluding
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The Thai Economy in 2005 and the Ou
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Management Discussion and Analysis
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Report of Independent Auditor To Th
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BALANCE SHEETS (Continued) AS AT DE
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BALANCE SHEETS (Continued) AS AT DE
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STATEMENTS OF EARNINGS (Continued)
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STATEMENTS OF CHANGES IN SHAREHOLDE
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STATEMENTS OF CASH FLOWS (Continued
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Notes to Financial Statements 31 De
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Details of the assets, liabilities
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Condensed Statements of Earnings (P
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4. SIGNIFICANT ACCOUNTING POLICIES
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Fair values of securities are calcu
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Outstanding forward foreign exchang
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The Bank has a gratuities scheme wh
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(Unit : Million Baht) THE BANK ONLY
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(Unit : Million Baht) CONSOLIDATED
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8.2 Classified by the remaining per
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8.3 Revaluation surplus on investme
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CONSOLIDATED As at 31 December 2004
Page 56 and 57: Advance CCC Services Co., Ltd. regi
Page 58 and 59: 9. LOANS AND ACCRUED INTEREST RECEI
Page 60 and 61: 9.4 Classified by types of business
Page 62 and 63: In June 2003, the Bank was subjecte
Page 64 and 65: 9.8 Troubled debt restructuring Dur
Page 66 and 67: the first portion of profits, not e
Page 68 and 69: As at 31 December 2005 and 2004, th
Page 70 and 71: (Unit : Million Baht) THE BANK ONLY
Page 74 and 75: 15. CLASSIFIED ASSETS (Unit : Milli
Page 78 and 79: 19. BORROWINGS As at 31 December 20
Page 80 and 81: 20. OTHER LIABILITIES (Unit : Milli
Page 82 and 83: 25. COMMITMENTS AND CONTINGENCIES L
Page 84 and 85: 25.3 Other commitments The Bank has
Page 88 and 89: THE BANK ONLY As at 31 December 200
Page 90 and 91: 32. FINANCIAL POSITIONS AND RESULTS
Page 92 and 93: Results of operations for the years
Page 94 and 95: Accounting Policies Details of sign
Page 96 and 97: Remaining periods to earlier of rep
Page 98 and 99: Remaining periods to earlier of rep
Page 100 and 101: Liquidity Risk Liquidity risk is th
Page 104 and 105: Estimated Fair Value of Financial I
Page 108 and 109: Fair value of off-balance sheet fin
Page 110 and 111: Other Information 5. Piyalai Holdin
Page 112 and 113: Other Information Name Period Exper
Page 114 and 115: Other Information Name Education Pe
Page 116 and 117: Other Information 3.2 Management’
Page 118 and 119: Risk Factors and Risk Management to
Page 120 and 121: Report of the Audit Committee The A
Page 122 and 123: Corporate Governance UOB Thai, a su
Page 124 and 125: Corporate Governance 11. Mr. Lee Ts
Page 126 and 127: Management Structure The committee
Page 128 and 129: Management Structure Financial Rest
Page 130 and 131: Management Structure The committee
Page 132 and 133: Branch Networks HEAD OFFICE Sathon
Page 134 and 135: Branch Networks Nong Khaem 77/207 M
Page 136 and 137: Branch Networks Siam Square (Sub Br
Page 138 and 139: Branch Networks Thanon Pracha-U-Thi
Page 140 and 141: Branch Networks Sam Chuk 225/2 Mu 2
Page 142 and 143: Branch Networks Thanon Highway-Chia
Page 144 and 145: Referred Persons Auditor Miss Ratan
Page 146: Company Information Credit Ratings
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(Thai) Annual Report 2005 - United Overseas Bank

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