2009 Annual Report and Financial Statements - UBA Plc

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Risk management report (continued) Multi-currency balance sheet as at 31 December 2009 Naira Dollar GBP Euro Others Total million million million million million million Assets Cash and balances with central banks 23 983 2 084 1 312 460 40 387 68 225 Treasury bills 15 945 _ _ _ 26 090 42 035 Due from other banks 237 092 200 506 5 585 26 929 82 470 195 Loans and advances to customers 506 073 32 853 2 199 2 254 63 237 606 616 Investment securities 153 175 12 190 _ _ 23 041 188 407 Investment in associates 9 261 _ _ _ _ 9 261 Investment in joint venture 245 _ _ _ _ 245 Goodwill 2 983 _ _ _ _ 2 983 Investment properties 269 _ _ _ _ 269 Other assets 76 721 1 892 29 9 8 352 87 003 Property and equipment 63 600 335 _ _ 9 106 73 042 Total assets 1 089 348 249 860 9 124 29 653 170 295 1 548 281 Financed by Customer deposits 779 562 305 347 2 026 3 613 155 102 1 245 650 Due to other banks 14 877 930 _ _ _ 15 807 Liability on investment contracts 22 138 _ _ _ _ 22 138 Other borrowings _ 14 760 _ _ _ 14 760 Current income tax 3 385 _ _ _ _ 3 385 Other liabilities 31 184 9 243 173 1 595 16 013 58 207 Deferred income tax liabilities 2 _ _ _ _ 2 Retirement benefi t obligations 1 503 _ _ _ _ 1 503 Capital and reserves 236 697 (80 419) 6 925 24 445 (820) 186 829 Total equity and liabilities 1 089 348 249 860 9 124 29 653 170 295 1 548 281 Off -balance sheet engagement and contingencies 532 963 135 212 1 555 14 113 5 637 689 479 Annual Report 2009 103 Financials
Risk management report (continued) LIQUIDITY RISK Liquidity risk is the risk that the Group is unable to meet its payment obligations associated with its fi nancial liabilities when they fall due and to replace funds when they are withdrawn. The consequence may be the failure to meet obligations to repay depositors and fulfi l commitments to lend. Liquidity risk management process The Group’s Liquidity Risk Measurement technique is approached from two angles; the development of cash fl ow projections and ratio analysis. The Balance Sheet Management Team uses a combination of both techniques to measure the Bank’s exposure to liquidity risk. The cash fl ow technique is applied through the use of maturity ladder by assessing all of the Bank’s cash infl ows against its outfl ows to identify the potential for net shortfalls or net funding requirements (i.e. a cumulative net excess or defi cit of funds) at selected maturity dates. The maturity ladder is monitored on a day to day basis and stress testing is undertaken on a quarterly basis by applying diff erent scenarios to the maturity ladder and assessing the Bank’s funding requirements under each scenario. These scenarios are useful in managing the Bank’s net funding requirements under extreme cases and give an indicator as to the Bank’s capacity for coping with less drastic internal and external problems. In creating scenarios, the Balance Sheet Management Team develops and incorporates assumptions based on the behaviour of assets, liabilities and off -balance-sheet activities as they aff ect the cash infl ow and outfl ow All UBA countries and subsidiaries also construct their maturity ladder and compile a monthly report based on agreed assumptions, which is consolidated into a global report for Group ALCO review. The Country Treasurer for each subsidiary/Group Head, Balance Sheet Management also documents the appropriate actions and includes the same into the Contingency Funding Plan (CFP) for implementation. The Balance Sheet Management Team uses liquidity ratios to quantify liquidity. Ratios are usually expressed as either a percentage or an equivalent amount. Liquidity ratios are not interpreted on their own but in conjunction with the outcome of the maturity ladder scenarios. The Middle Offi ce monitors the various internal as well as market risk indicators of potential liquidity problems at the Bank. The Middle Offi ce also monitors compliance with set internal and regulatory limits. Country ALCO and Group ALCO controls the Bank’s exposure to liquidity risk by ensuring that limits are set and that Contingency Funding Plan (CFP) are in place across the Group and are based on realistic assumptions. 104 Annual Report 2009
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United Bank for Africa Plc RC: 2457
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Deposits (N’Billion) 1500 1200 90
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Group at a glance Countries of oper
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Board of directors 4 Annual Report
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Board of directors (continued) 6 An
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Board of directors (continued) 8 An
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Senior management 10 Annual Report
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Chairman’s statement CHIEF FERDIN
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Chairman’s statement (continued)
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Group Managing Director/Chief Execu
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Review of Group’s fi nancial perf
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Review of Group’s fi nancial perf
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Our products and services Selected
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Corporate social responsibility rep
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Directors’ report for the period
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Directors’ report (continued) •
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Directors’ report (continued) AUD
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Corporate governance report (contin
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Report of the Audit Committee To Me
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Report of the independent auditors
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Accounting policies for the period
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Page 55 and 56: Consolidated profi t and loss accou
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Page 89 and 90: Risk management report ENTERPRISE-W
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Page 119 and 120: Shareholder information MARKET STAT
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Page 125 and 126: Glossary AML Anti Money Laundering
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Page 129 and 130: Notice of annual general meeting (c
Page 131 and 132: Notes 128 Annual Report 2009
Page 134: e-Dividend mandate form Dear Shareh
Page 137 and 138: Registrars UBA Registrars Limited R
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2009 Annual Report and Financial Statements - UBA Plc

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