2012 Annual Report & Financial Statements - UBA Plc

174
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
31 December
2011 IFRS
Cash and cash equivalents k 178,295 255,923 434,218
Due from other banks and financial institutions k 251,514 (251,514) –
Financial assets held-for-trading l – 1,303 1,303
Loans and advances to banks a m – 41,564 41,564
Loans and advances to customers a 689,625 (83,998) 605,627
Treasury bills and government bonds j 175,525 (175,525) –
Investment in equity-accounted investees 10,356 – 10,356
Investment securities b, c, j, n 525,975 196,333 722,308
Property and equipment e 52,852 2,766 55,618
Intangible assets o p 9,658 (3,728) 5,930
Deferred tax assets f 25,062 1,936 26,998
Other assets i 23,931 (7,418) 16,513
Total assets 1,942,793 (22,358) 1,920,435
Liabilities
Derivative liabilities h – 817 817
Deposits from banks r – 19,510 19,510
Deposits from customers r 1,444,988 834 1,445,822
Due to other banks r 17,201 (17,201) –
Liability on investment contracts u 41,996 (41,996) –
Managed funds s – 51,943 51,943
Current tax liabilities 2,005 622 2,627
Deferred tax liabilities f 26 – 26
Other liabilities t 74,421 (16,211) 58,210
Subordinated liabilities u – 53,500 53,500
Borrowings u 192,123 (55,083) 137,040
Total liabilities 1,772,760 (3,265) 1,769,495
Equity
Share capital and share premium 124,423 – 124,423
Retained earnings and other reserves 42,038 (19,116) 22,922
Total equity attributable to equity holders of the Bank 166,461 (19,116) 147,345
Non-controlling interest 3,572 23 3,595
Total equity 170,033 (19,093) 150,940
Total liabilities and equity 1,942,793 (22,358) 1,920,435
Annual Report 2012