Financial Statements - United Bank Limited

NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2012
Effective yield /
interest rate
On-balance sheet financial instruments %
2011
Total Exposed to yield / interest rate risk Non-interest
Upto 1 month Over 1 month
to 3 months
Over 3 months
to 6 months
Over 6 months
to 1 year
Over 1 year to
2 years
Over 2 years
to 3 years
Over 3 years
to 5 years
Over 5 years
to 10 years
Over 10 years bearing
financial
instruments
-------------------------------------------------------------------------------------------------- (Rupees in '000) --------------------------------------------------------------------------------------------------
Assets
Cash and balances with treasury banks 0.02% 86,216,168 1,432,766 - - - - - - - - 84,783,402
Balances with other banks 1.03% 14,385,823 11,156,988 - 899,457 - - - - - - 2,329,378
Lendings to financial institutions 6.04% 11,890,082 1,969,092 5,346,026 3,327,692 239,052 - - - - - 1,008,220
Investments 11.82% 294,410,661 7,827,998 21,992,156 47,859,174 133,423,335 5,194,260 1,182,745 32,574,639 20,193,272 1,495,740 22,667,342
Advances 12.10% -
Performing 314,181,110 63,913,126 153,524,346 39,484,003 13,392,249 6,319,428 9,787,003 8,853,192 3,152,668 15,755,095 -
Non-performing 11,166,098 - - - - - - - - - 11,166,098
Operating fixed assets - Ijarah assets 10%-23% 441,220 11,273 22,546 33,819 67,638 135,276 135,276 35,392 - - -
Other assets 0% 13,543,509 - - - - - - - - - 13,543,509
746,234,671 86,311,243 180,885,074 91,604,145 147,122,274 11,648,964 11,105,024 41,463,223 23,345,940 17,250,835 135,497,949
Liabilities
Bills payable 0% 5,879,043 - - - - - - - - - 5,879,043
Borrowings 12.23% 49,953,251 30,764,811 10,009,431 4,504,431 255,614 261,447 405,482 1,265,795 2,486,240 - -
Deposits and other accounts 4.29% 612,980,139 252,532,609 60,620,583 22,585,676 32,976,633 5,940,342 2,545,046 7,499,243 6,453,061 4,303 221,822,643
Subordinated loans 12.80% 11,317,080 - 8,652,640 - 665,040 1,999,400 - - - - -
Other liabilities 0% 17,796,644 - - - - - - - - - 17,796,644
697,926,157 283,297,420 79,282,654 27,090,107 33,897,287 8,201,189 2,950,528 8,765,038 8,939,301 4,303 245,498,330
On-balance sheet gap 48,308,514 (196,986,177) 101,602,420 64,514,038 113,224,987 3,447,775 8,154,496 32,698,185 14,406,639 17,246,532 (110,000,381)
Non financial net assets 30,844,394
Total net assets 79,152,908
Off-balance sheet financial instruments
Interest Rate Derivatives - Long position 8,444,451 1,000,000 2,149,300 329,801 250,000 1,000,000 - - 3,715,350 - -
Interest Rate Derivatives - Short position (8,444,451) - (3,385,550) (1,579,801) - (1,000,000) - - (2,479,100) - -
Cross Currency Swap - Long position 35,041,839 5,255,285 24,924,238 4,862,316 - - - - - - -
Cross Currency Swap - Short Position (35,041,839) (5,255,285) (24,924,238) (4,862,316) - - - - - - -
Foreign currency forward purchases 136,641,383 61,759,877 45,893,954 27,202,572 1,784,980 - - - - - -
Foreign currency forward sales (94,144,141) (48,935,976) (29,313,441) (15,894,724) - - - - - - -
Off-balance sheet Gap 42,497,242 13,823,901 15,344,263 10,057,848 2,034,980 - - - 1,236,250 - -
Total Yield/Interest Risk Sensitivity Gap 90,805,756 (183,162,276) 116,946,683 74,571,886 115,259,967 3,447,775 8,154,496 32,698,185 15,642,889 17,246,532 (110,000,381)
Cumulative Yield/Interest Risk Sensitivity Gap (183,162,276) (66,215,593) 8,356,293 123,616,260 127,064,035 135,218,531 167,916,716 183,559,605 200,806,137 90,805,756
Yield risk is the risk of decline in earnings due to adverse movement of the yield curve.
Interest rate risk is the risk that the value of the financial instrument will fluctuate due to changes in market interest rates.
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