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 44.4 Liquidity risk Liquidity risk is the risk that the Bank may be unable to meet its obligations or to fund increases in assets as they fall due without incurring unacceptable cost or losses. The Assets and Liability Management Committee (ALCO) of the Bank has the responsibility for the formulation of overall strategy and oversight of liquidity management and meets on a monthly basis or more frequently, if required. The Bank’s approach to liquidity management is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking sustained damage to business franchises. A centralized approach is adopted, based on an integrated framework incorporating an assessment of all material known and expected cash flows and the availability of collateral which could be used to secure additional funding if required. The framework entails careful monitoring and control of the daily liquidity position, and regular liquidity stress testing under a variety of scenarios. These encompass both normal and stressed market conditions, including general market crises and the possibility that access to markets could be impacted by a stress event affecting some part of the Bank’s business. 44.4.1 Maturities of assets and liabilities - based on working prepared by the Assets and Liabilities Management Committee (ALCO) of the Bank Assets and Liabilities having contractual maturity dates are bucketed as per their respective maturities. The maturity profile of non-contractual deposits and bills payable is estimated using an Exponentially Weighted Moving Average model based on the last seven years' data. The maturity profile of certain non-contractual assets and liabilities which are related to specific assets and liabilities follows the maturity profile of the underlying asset or liability. The maturity profile of other non-contractual assets and liabilities is expected to follow historical patterns of behavior. The methodology and the assumptions have been approved by ALCO. 2012 Total Upto 1 month Over 1 month Over 3 months Over 6 months Over 1 year to Over 2 years Over 3 years Over 5 years Over 10 years to 3 months to 6 months to 1 year 2 years to 3 years to 5 years to 10 years --------------------------------------------------------------------------------------------------- (Rupees in '000) --------------------------------------------------------------------------------------------------- Assets Cash and balances with treasury banks 94,081,133 44,508,137 1,839,196 1,787,171 2,597,694 3,584,393 2,763,819 4,394,916 8,053,205 24,552,602 Balances with other banks 15,234,326 15,234,326 - - - - - - - - Lendings to financial institutions 21,953,458 10,457,978 4,072,539 1,876,956 2,362,578 2,015,356 300,000 - - 868,051 Investments 349,590,182 9,108,767 19,992,107 52,591,389 127,380,627 21,787,647 20,105,452 50,940,751 30,970,097 16,713,345 Advances - Performing 350,500,822 66,836,808 94,200,314 33,888,199 23,688,147 15,109,357 11,056,364 56,526,025 46,232,261 2,963,347 Advances - Non-performing 13,862,980 - - - - - - - - 13,862,980 Operating fixed assets 24,431,069 115,690 261,742 410,286 201,613 776,065 762,779 3,029,062 2,123,639 16,750,193 Deferred tax assets - - - - - - - - - - Other assets 24,744,682 3,157,044 5,224,331 5,215,744 6,808,176 584,090 342,734 1,272,242 925,044 1,215,277 894,398,652 149,418,750 125,590,229 95,769,745 163,038,835 43,856,908 35,331,148 116,162,996 88,304,246 76,925,795 Liabilities Bills payable 7,600,633 2,686,303 1,777,680 1,733,605 1,403,045 - - - - - Borrowings 67,214,445 45,238,799 10,064,403 6,764,183 1,162,436 344,291 493,639 864,494 2,282,200 - Deposits and other accounts 699,935,518 105,450,285 78,645,008 51,243,330 47,799,084 40,912,786 31,639,622 47,517,234 94,966,619 201,761,550 Subordinated loan 9,319,264 - 2,333,268 - 333,868 667,728 2,400 4,800 5,977,200 - Deferred tax liability 277,970 - - - (125,336) (222,750) 313,028 313,028 - - Other liabilities 18,886,996 4,735,039 1,730,498 851,451 1,285,168 638,154 453,414 907,610 2,562,118 5,723,544 803,234,826 158,110,426 94,550,857 60,592,569 51,858,265 42,340,209 32,902,103 49,607,166 105,788,137 207,485,094 Net assets 91,163,826 (8,691,676) 31,039,372 35,177,176 111,180,570 1,516,699 2,429,045 66,555,830 (17,483,891) (130,559,299) Represented by: Share capital 12,241,798 Reserves 29,044,219 Unappropriated profit 36,341,135 Surplus on revaluation of assets 13,536,674 91,163,826 53
NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 2011 Total 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 --------------------------------------------------------------------------------------------------- (Rupees in '000) --------------------------------------------------------------------------------------------------- Assets Cash and balances with treasury banks 86,216,168 38,372,814 2,872,540 1,670,114 2,427,859 3,347,917 2,582,483 4,105,661 7,528,468 23,308,312 Balances with other banks 14,385,823 12,383,083 1,673,024 329,716 - - - - - - Lendings to financial institutions 11,890,082 1,697,544 5,708,314 2,817,164 182,579 176,260 300,000 - 906,847 101,374 Investments 294,410,661 3,759,283 15,565,305 34,799,292 141,208,392 18,601,489 9,808,205 32,974,425 20,467,327 17,226,943 Advances - Performing 314,187,793 79,513,374 73,674,288 33,307,299 30,066,377 9,323,136 14,824,609 21,969,319 34,503,506 17,005,885 Advances - Non-performing 11,159,415 - - - - - - - - 11,159,415 Operating fixed assets 22,981,878 51,186 109,565 175,602 260,857 789,783 702,065 1,981,500 2,170,025 16,741,295 Deferred tax assets 1,991,185 - - - 661,884 743,928 292,687 292,686 - - Other assets 20,836,736 3,095,390 3,101,264 11,384,502 2,395,737 316,738 81,390 - (28,019) 489,734 778,059,741 138,872,674 102,704,300 84,483,689 177,203,685 33,299,251 28,591,439 61,323,591 65,548,154 86,032,958 Liabilities Bills payable 5,879,043 2,029,249 1,392,601 1,358,074 1,099,119 - - - - - Borrowings 49,953,251 30,764,823 10,009,418 4,504,430 255,614 261,447 405,483 1,265,796 2,486,240 - Deposits and other accounts 612,980,139 82,511,233 75,012,058 41,006,147 50,553,911 36,242,696 26,124,728 54,323,789 69,865,214 177,340,363 Subordinated loan 11,317,080 - 998,908 - 998,908 2,667,136 667,728 4,800 5,979,600 - Other liabilities 18,777,320 7,638,192 1,217,096 1,823,123 1,460,333 390,927 276,201 422,512 1,424,299 4,124,637 698,906,833 122,943,497 88,630,081 48,691,774 54,367,885 39,562,206 27,474,140 56,016,897 79,755,353 181,465,000 Net assets 79,152,908 15,929,177 14,074,219 35,791,915 122,835,800 (6,262,955) 1,117,299 5,306,694 (14,207,199) (95,432,042) Represented by: Share capital 12,241,798 Reserves 24,847,019 Unappropriated profit 33,534,116 Surplus on revaluation of assets 8,529,975 79,152,908 54
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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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U N I T E D B A N K L I M I T E D n
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U N I T E D B A N K L I M I T E D
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U N I T E D B A N K L I M I T E D A
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U N I T E D B A N K L I M I T E D d
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U N I T E D B A N K L I M I T E D T
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BOO EBRAHIM a: CO. CHARTERED ACCOUN
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U N I T E D B A N K L I M I T E D m
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BOO EBRAHIM ft CO. CHARTERED ACCOUN
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UNCONSOLIDATED STATEMENT OF FINANCI
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UNCONSOLIDATED STATEMENT OF COMPREH
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UNCONSOLIDATED STATEMENT OF CHANGES
Page 29 and 30: NOTES TO AND FORMING PART OF THE UN
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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
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Financial Statements - United Bank Limited

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