(Thai) Annual Report 2005 - United Overseas Bank

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STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED 31 DECEMBER 2005 AND 2004 (Unit : Baht) THE BANK ONLY Unrealised Issued and Discount Revaluation Revaluation losses on cash Retained earnings paid-up on share surplus on surplus (deficit) flow hedging (Deficits) Note share capital capital fixed assets on investments instruments Appropriated Unappropriated Total Beginning balance as of 1 January 2004 50,954,467,130 (11,145,837,378) 749,676,160 667,255,913 (86,553,929) 439,591,201 (26,981,304,891) 14,597,294,206 Amortisation of revaluation surplus on fixed assets - - (4,259,411) - - - 1,997,080 (2,262,331) Revaluation deficits on investments - - - (200,622,129) - - - (200,622,129) Unrealised gains on cash flow hedging instruments - - - - 79,816,320 - - 79,816,320 Gains (losses) not yet recognised in the statements of earnings 50,954,467,130 (11,145,837,378) 745,416,749 466,633,784 (6,737,609) 439,591,201 (26,979,307,811) 14,474,226,066 Net earnings for the year - - - - - - 760,787,816 760,787,816 Ending balance as of 31 December 2004 50,954,467,130 (11,145,837,378) 745,416,749 466,633,784 (6,737,609) 439,591,201 (26,218,519,995) 15,235,013,882 Amortisation of revaluation surplus on fixed assets - - (4,606,271) - - - 4,172,750 (433,521) Revaluation deficits on investments - - - (334,494,192) - - - (334,494,192) Reversal of unrealised losses on cash flow hedging instruments - - - - 6,737,609 - - 6,737,609 Gains (losses) not yet recognised in the statements of earnings 50,954,467,130 (11,145,837,378) 740,810,478 132,139,592 - 439,591,201 (26,214,347,245) 14,906,823,778 Net earnings for the year - - - - - - 953,520,793 953,520,793 Increased in share capital 2 31,216,154,530 (14,515,511,857) - - - - - 16,700,642,673 Merger adjustment 2 - - - - - - (9,159,211,942) (9,159,211,942) Ending balance as of 31 December 2005 82,170,621,660 (25,661,349,235) 740,810,478 132,139,592 - 439,591,201 (34,420,038,394) 23,401,775,302 The accompanying notes are an integral part of the financial statements. 26 United Overseas Bank (Thai) Public Company Limited
STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2005 AND 2004 (Unit : Baht) CONSOLIDATED THE BANK ONLY 2005 2004 2005 2004 CASH FLOWS FROM OPERATING ACTIVITIES Net earnings for the years 953,520,793 760,787,816 953,520,793 760,787,816 Adjustments to reconcile net earnings to net cash provided by (used in) operating activities : Loss in subsidiaries in respect of minority shareholders 114,134 - - - Share of losses (profits) of subsidiaries and associated companies accounted for under equity method 8,035,160 (8,048,932) (107,992,338) (90,008,552) Depreciation 446,635,254 519,203,224 265,647,891 328,178,179 Amortisation and losses on assets written off 133,392,860 49,798,255 86,548,908 48,708,100 Amortisation of goodwill 1,654,767 1,654,767 - - Unrealised (gain) losses on revaluation of investments (7,792,962) 2,736,774 (7,792,962) 2,736,774 Losses on impairment of investments 1,741,207,353 128,202,992 1,741,207,353 113,202,992 Bad debt and doubtful accounts-loans and accrued interest receivables (reversal) (148,902,980) 1,354,782,547 (153,256,535) 1,310,078,866 Losses on impairment of assets (248,676,811) (2,289,099) (251,743,492) (2,289,099) Interest income recognised by amortisation of revaluation allowance from debt restructuring (5,953,427) (51,741,064) (5,953,427) (51,741,064) Gains on reversal of other liabilities - (135,000,000) - (135,000,000) Losses on impairment of properties foreclosed 312,146,655 184,989,681 312,146,657 184,062,295 Gains on disposal of investments (177,063,634) (243,938,702) (177,063,634) (243,938,702) Gains on liquidation - (97,881,725) - (97,881,725) Gains on disposal of premises and equipment (6,961,935) (36,648,371) (6,961,935) (15,039,054) Gains on translation adjustments (4,068,171) (17,184,317) (4,068,171) (17,184,317) Amortisation of premium on long-term investments - net 49,808,284 71,484,147 49,808,284 71,484,147 Decrease in interest and dividend income receivables 45,251,361 134,021,069 43,009,139 126,146,985 Increase in accrued other income (39,458,429) (15,099,049) (1,962,693) (14,072,067) Decrease in accrued interest expenses (232,767,184) (120,414,988) (231,938,453) (121,678,190) Increase (decrease) in accrued other expenses 179,169,555 (40,381,690) 174,062,234 (54,589,549) Net cash from operating activities before changes in operating assets and liabilities 2,999,290,643 2,439,033,335 2,677,217,619 2,101,963,835 The accompanying notes are an integral part of the financial statements. United Overseas Bank (Thai) Public Company Limited 27
Page 3 and 4: United Overseas Bank (Thai) Public
Page 5 and 6: Financial Highlights (consolidated
Page 7: two banks were realized. Excluding
Page 12 and 13: The Thai Economy in 2005 and the Ou
Page 14 and 15: Management Discussion and Analysis
Page 20 and 21: Report of Independent Auditor To Th
Page 22 and 23: BALANCE SHEETS (Continued) AS AT DE
Page 24 and 25: BALANCE SHEETS (Continued) AS AT DE
Page 26 and 27: STATEMENTS OF EARNINGS (Continued)
Page 30 and 31: STATEMENTS OF CASH FLOWS (Continued
Page 32 and 33: Notes to Financial Statements 31 De
Page 34 and 35: Details of the assets, liabilities
Page 36 and 37: Condensed Statements of Earnings (P
Page 38 and 39: 4. SIGNIFICANT ACCOUNTING POLICIES
Page 40 and 41: Fair values of securities are calcu
Page 42 and 43: Outstanding forward foreign exchang
Page 44 and 45: The Bank has a gratuities scheme wh
Page 46 and 47: (Unit : Million Baht) THE BANK ONLY
Page 48 and 49: (Unit : Million Baht) CONSOLIDATED
Page 50 and 51: 8.2 Classified by the remaining per
Page 52 and 53: 8.3 Revaluation surplus on investme
Page 54 and 55: 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 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
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(Unit : Million Baht) THE BANK ONLY
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THE BANK ONLY As at 31 December 200
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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
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Remaining periods to earlier of rep
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Liquidity Risk Liquidity risk is th
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(Unit : Million Baht) THE BANK ONLY
Page 104 and 105:
Estimated Fair Value of Financial I
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(Unit : Million Baht) CONSOLIDATED
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Fair value of off-balance sheet fin
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Other Information 5. Piyalai Holdin
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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
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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
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Branch Networks HEAD OFFICE Sathon
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Branch Networks Nong Khaem 77/207 M
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Branch Networks Siam Square (Sub Br
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Branch Networks Thanon Pracha-U-Thi
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Branch Networks Sam Chuk 225/2 Mu 2
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Branch Networks Thanon Highway-Chia
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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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