2012 Annual Report & Financial Statements - UBA Plc

172
Notes to the consolidated and separate financial statements
continued …
Reconciliation of equity
In millions of Nigerian Naira
Group
Assets
Notes
Previous
GAAP
Effect of
transition to
IFRS
1 January
2011 IFRS
Cash and cash equivalents k 68,056 317,341 385,397
Due from other banks and financial institutions k 302,272 (302,272) –
Trading assets l – 2,594 2,594
Loans and advances to banks a, c, m – 11,226 11,226
Loans and advances to customers a, c, m 628,811 (38,014) 590,797
Treasury bills and government bonds j 123,455 (123,455) –
Investment in equity accounted investees 10,118 – 10,118
Investment securities b c, j, n 384,453 108,626 493,079
Property and equipment e, o 65,200 (3,191) 62,009
Intangible assets o p 3,479 3,147 6,626
Deferred tax assets f 3,341 3,708 7,049
Other assets i 28,511 1,779 30,290
Total assets 1,617,696 (18,511) 1,599,185
Liabilities
Derivative liabilities h – 9,310 9,310
Deposits from banks d, r – 7,456 7,456
Deposits from customers d, r 1,267,171 3,238 1,270,409
Due to other banks d, r 7,456 (7,456) –
Liability on investment contracts s 33,090 (33,090) –
Managed funds s – 32,753 32,753
Current tax liabilities 2,794 75 2,869
Deferred tax liabilities f 30 – 30
Other liabilities d, t 45,585 (3,914) 41,671
Subordinated liabilities d, u – 18,335 18,335
Borrowings d, u 82,144 (18,817) 63,327
Total liabilities 1,438,270 7,890 1,446,160
Equity
Share capital and share premium 124,423 – 124,423
Retained earnings and other reserves 52,106 (26,401) 25,705
Total equity attributable to equity holders of the Bank 176,529 (26,401) 150,128
Non-controlling interest 2,897 – 2,897
Total equity 179,426 (26,401) 153,025
Total liabilities and equity 1,617,696 (18,511) 1,599,185
Annual Report 2012