Financial Statements - United Bank Limited

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NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 23.2 Maturity analysis of derivatives Remaining maturity 2012 No. of Notional Unrealized contracts principal (Loss) Gain Net ------------------------------------- (Rupees in '000) ---------------------------------- Upto 1 month 1 308,867 - 803 803 1 to 3 months 1 22,000 - 11,762 11,762 3 to 6 months 12 459,584 (343) - (343) 6 months to 1 year 3 4,365,750 (72,511) 45,841 (26,670) 1 to 2 years 2 3,861,950 (4,675) 41 (4,634) 2 to 3 Years 2 5,855,800 (1,388) 93,967 92,579 3 to 5 years 2 582,898 (14,754) 15,265 511 5 to 10 years 6 5,476,519 (175,363) 321,451 146,088 Above 10 years - - - - - 29 20,933,368 (269,034) 489,130 220,096 Remaining maturity 2011 No. of Notional Unrealized contracts principal (Loss) Gain Net ------------------------------------- (Rupees in '000) ---------------------------------- Upto 1 month - - - - - 1 to 3 months - - - - - 3 to 6 months - - - - - 6 months to 1 year 2 6,799,201 (2,581) 68,258 65,677 1 to 2 years 8 5,351,906 (71,252) 82,442 11,190 2 to 3 years 2 3,529,700 (48,378) - (48,378) 3 to 5 years 5 21,611,032 (1,623,223) 49,529 (1,573,694) 5 to 10 years 8 6,194,451 (116,810) 194,695 77,885 Above 10 years - - - - - 25 43,486,290 (1,862,244) 394,924 (1,467,320) 24. MARK-UP / RETURN / INTEREST EARNED 2012 2011 ------- (Rupees in '000) ------- On loans and advances to customers 37,996,341 39,357,168 On lendings to financial institutions Call money lending 11,599 28,593 Securities purchased under resale agreements 330,322 498,919 Advances to financial institutions 465,686 331,952 807,607 859,464 On investments in Held for trading securities 804,860 1,334,591 Available for sale securities 22,316,810 15,838,536 Held to maturity securities 11,438,496 12,922,458 34,560,166 30,095,585 On deposits with financial institutions 143,301 138,680 73,507,415 70,450,897 25. MARK-UP / RETURN / INTEREST EXPENSED On deposits 27,662,443 23,726,846 On securities sold under repurchase agreements 3,836,423 3,157,294 On other short term borrowings 2,249,071 2,642,233 On long term borrowings 1,199,761 1,499,496 34,947,698 31,025,869 31
NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 26. GAIN ON SALE OF SECURITIES - NET Note 2012 2011 ------- (Rupees in '000) ------- Federal government securities Market Treasury Bills 176,751 184,128 Pakistan Investment Bonds 40,845 6,714 217,596 190,842 Ordinary shares of Listed companies 435,093 170,391 Unlisted companies 17,078 - 452,171 170,391 Other securities (205,381) 157,477 464,386 518,710 27. OTHER INCOME Charges recovered 578,666 580,085 Grant income 284,427 106,969 Rent on properties 124,002 142,879 Income from dealing in derivatives 2,965,657 1,563,446 Gain on sale of operating fixed assets 24,879 39,679 Loss on trading liabilities - net (2,397) (3,712) 3,975,234 2,429,346 28. ADMINISTRATIVE EXPENSES Salaries, allowances etc. 28.1 8,773,262 7,748,487 Charge for compensated absences 36.8 548,507 423,268 Medical expenses 442,961 400,821 Contribution to defined contribution plan 163,849 142,354 Reversal in respect of defined benefit obligations (82,925) (143,595) Rent, taxes, insurance, electricity etc. 3,068,514 2,514,090 Outsourced service charges including sales commission 2,203,159 1,645,442 Advertisement and publicity 626,391 577,756 Communications 982,341 799,445 Depreciation 11.2 1,506,194 1,234,055 Legal and professional charges 344,957 230,936 <strong>Bank</strong>ing service charges 829,830 711,979 Stationery and printing 504,430 405,620 Travelling 266,819 244,286 Cash transportation charges 398,467 313,831 Repairs and maintenance 1,047,993 947,748 Insurance expense 125,545 141,434 Vehicle expense 181,534 152,094 Amortization 11.3 405,878 300,667 Training and seminars 103,483 52,997 Office running expense 410,530 330,574 Entertainment 154,791 126,949 Cartage, freight and conveyance 87,952 78,371 Auditors' remuneration 28.3 53,655 51,256 Subscriptions 52,898 44,590 Brokerage expenses 27,949 30,028 Donations 28.2 34,937 53,944 Non-executive Directors' fees 34,133 34,553 Zakat paid by overseas branch 84,803 71,141 Miscellaneous expenses 145,275 119,773 23,528,112 19,784,894 28.1 This includes employee benefits in the form of awards / bonus to all permanent staff including the Chief Executive Officer and is determined on the basis of employees' evaluation and the <strong>Bank</strong>'s performance during the year. The aggregate benefit determined in respect of all permanent staff amounted to Rs.954.428 million (2011: Rs.779.929 million). 32
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United Bank Limited UNCONSOLIDATED
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U N I T E D B A N K L I M I T E D i
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U N I T E D B A N K L I M I T E D B
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Page 17 and 18: BOO EBRAHIM a: CO. CHARTERED ACCOUN
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Page 23 and 24: UNCONSOLIDATED STATEMENT OF FINANCI
Page 25 and 26: UNCONSOLIDATED STATEMENT OF COMPREH
Page 27 and 28: UNCONSOLIDATED STATEMENT OF CHANGES
Page 29 and 30: NOTES TO AND FORMING PART OF THE UN
Page 57: NOTES TO AND FORMING PART OF THE UN
Page 87 and 88: Annexure 'A' as referred to in note
Page 95 and 96: Sr. No. 1 Commercial Reprsentation
Page 97 and 98: Sr. No. Annexure 'B' as referred to
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Sr. No. Annexure 'B' as referred to
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Disposals of operating fixed assets
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Disposals of operating fixed assets
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Financial Statements - United Bank Limited

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