Financial Statements - United Bank Limited

More documents

Recommendations

Info

NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 28.2 Details of donations Donations exceeding Rs.0.1 million 2012 2011 ------- (Rupees in '000) ------- Institute of Business Administration 20,000 10,000 Hisaar Foundation 3,060 - The Kidney Center Post Graduate Training Institute (TKCI) 2,700 2,850 Friends of Burns Centre 1,296 2,160 Al-Mehrab Tibbi Imdad 1,000 - The Citizens Foundation 1,000 - Marie Adelaide Leprosy Centre 850 850 Lahore University of Management Sciences 500 500 Kaghan Memorial Trust 500 - Mukhtar Mai Women's Organization 500 - Subh-e-Nau 500 - Pakistan Foundation Fighting Blindness 500 - SOS Children's Villages of Pakistan 450 736 Sindh Welfare Association of the Deaf 324 - Naseer Construction Co. (Renovation of courts) 277 - Children Welfare Society 200 500 Sindh Institute of Urology and Transplantation (SIUT) 200 75 Sargodian Spirit Trust 200 - Drug Free Pakistan Foundation 200 - The Oxford and Cambridge Society Karachi 165 - Karwan-e-Hayat 150 - Karachi Education Initiative - 20,000 Prime Minister's Relief Fund - 10,000 Civil Hospital Karachi - 2,000 Medical Aid Foundation - 1,000 Memon Medical Institute - 1,000 Family Education Services Foundation - 900 The Book Group - 437 Khorfakkan Club - 235 Thardeep Rural Development Program (TDRP) - 200 Donations not exceeding Rs.0.1 million - others 365 501 34,937 53,944 28.2.1 Donations were not made to any donee in which a Director or his spouse had any interest. 28.3 Auditors' remuneration 2012 Ernst & Young BDO Overseas Total Ford Rhodes Ebrahim Auditors Sidat Hyder & Co. ---------------------------- (Rupees in '000) ---------------------------- Audit fee 6,455 6,455 30,522 43,432 Fee for audit of EPZ branch 250 - - 250 Fee for other certifications 2,105 2,075 - 4,180 Out of pocket expenses 3,143 2,633 17 5,793 11,953 11,163 30,539 53,655 2011 Ernst & Young BDO Overseas Total Ford Rhodes Ebrahim Auditors Sidat Hyder & Co. ---------------------------- (Rupees in '000) ---------------------------- Audit fee 6,455 6,455 29,062 41,972 Fee for audit of EPZ branch 250 - - 250 Fee for other certifications 2,835 1,700 - 4,535 Out of pocket expenses 2,269 2,210 20 4,499 11,809 10,365 29,082 51,256 33
NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 29. OTHER PROVISIONS - NET Note 2012 2011 ------- (Rupees in '000) ------- Provision against other assets - net 13.2 190,619 89,935 Provision against off - balance sheet obligations 19.1 249 4,144 Other provisions 158,434 137,309 Provision / (reversal) against Ijarah Assets - Specific 12,485 (3,261) Provision / (reversal) against Ijarah Assets - General 141 (1,923) 361,928 226,204 30. WORKERS' WELFARE FUND The <strong>Bank</strong> is liable to pay Workers' Welfare Fund @ 2% of profit before tax as per the financial statements or declared income as per the income tax return, whichever is higher, under the Workers' Welfare Ordinance, 1971. 31. OTHER CHARGES 2012 2011 ------- (Rupees in '000) ------- Penalties imposed by the SBP 102,964 104,326 Other penalties 998 613 103,962 104,939 32. TAXATION 2012 Overseas Azad Kashmir Domestic Total ----------------------------------- (Rupees in '000) -------------------------------- Current 1,261,582 158,000 7,527,816 8,947,398 Prior years 497,000 - - 497,000 Deferred (448,015) 1,442 24,374 (422,199) 1,310,567 159,442 7,552,190 9,022,199 2011 Overseas Azad Kashmir Domestic Total ----------------------------------- (Rupees in '000) -------------------------------- Current 1,011,714 - 7,934,325 8,946,039 Prior years 391,734 - 287,556 679,290 Deferred (491,456) 5,261 (416,006) (902,201) 911,992 5,261 7,805,875 8,723,128 32.1 Relationship between tax expense and accounting profit 2012 2011 ------- (Rupees in '000) ------- Accounting profit for the year 27,028,927 24,222,791 Tax on income @ 35% (2011: 35%) 9,460,124 8,477,977 Tax effect of items that are either not included in determining taxable profit or taxed at reduced rates (permanent differences) (482,832) (157,247) Prior years tax charge 497,000 679,290 Others (452,093) (276,892) Tax charge 9,022,199 8,723,128 34
Page 1 and 2:
United Bank Limited UNCONSOLIDATED
Page 3 and 4:
U N I T E D B A N K L I M I T E D i
Page 5 and 6:
U N I T E D B A N K L I M I T E D B
Page 7 and 8:
U N I T E D B A N K L I M I T E D n
Page 9 and 10: U N I T E D B A N K L I M I T E D
Page 11 and 12: U N I T E D B A N K L I M I T E D A
Page 13 and 14: U N I T E D B A N K L I M I T E D d
Page 15 and 16: U N I T E D B A N K L I M I T E D T
Page 17 and 18: BOO EBRAHIM a: CO. CHARTERED ACCOUN
Page 19 and 20: U N I T E D B A N K L I M I T E D m
Page 21 and 22: BOO EBRAHIM ft CO. CHARTERED ACCOUN
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 59: 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
Page 111 and 112:
Disposals of operating fixed assets
Page 113 and 114:
Disposals of operating fixed assets
show all

Financial Statements - United Bank Limited

Create successful ePaper yourself

Delete template?

Save as template?