2009 Annual Report and Financial Statements - UBA Plc

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Notes to the consolidated fi nancial statements for the period ended 31 December 2009 (continued) GROUP BANK 15 months to 12 months to 15 months to 12 months to 31 December 30 September 31 December 30 September 2009 2008 2009 2008 N’million N’million N’million N’million 9. TAXATION Charge Education tax 200 494 182 454 Under provision in prior periods 2 640 2 028 2 490 1 860 Income tax charge 2 222 4 124 1 234 2 989 5 062 6 646 3 906 5 303 Deferred tax reversal (note 28) (991) (1) (991) – Technology levy 191 559 160 546 Charge for the period 4 262 7 204 3 075 5 849 Payable At start of period 5 606 5 149 3 443 3 959 Tax paid (7 283) (6 188) (5 933) (5 819) Income tax charge 5 062 6 645 3 906 5 303 At end of period 3 385 5 606 1 416 3 443 GROUP BANK 31 December 30 September 31 December 30 September 2009 2008 2009 2008 N’million N’million N’million N’million 10. CASH AND BALANCES WITH CENTRAL BANKS Cash 35 386 39 370 23 725 23 991 Operating account with Central Banks 19 514 67 897 7 535 59 405 Included in cash and cash equivalents (note 40) 54 900 107 267 31 260 83 396 Mandatory reserve deposits with Central Banks 13 325 12 821 7 712 12 337 Mandatory reserve deposits are not available for use in the Group’s day to day operations. 68 225 120 088 38 972 95 733 11. TREASURY BILLS Nigerian government treasury bills 16 225 171 402 15 945 171 401 Ghana government treasury bills 13 665 2 603 – – Other government treasury bills 12 145 – – – 42 035 174 005 15 945 171 401 12. DUE FROM OTHER BANKS Current balances with banks within Nigeria 64 653 80 730 40 605 67 241 Current balances with banks outside Nigeria 238 134 296 769 223 824 284 039 Placements with banks and discount houses 167 408 277 370 195 400 240 511 470 195 654 869 459 829 591 791 Balances with banks outside Nigeria include N7.952 billion (2008: N5.039 billion) which represents the naira value of foreign currency bank balance held on behalf of customers in respect of letters of credit transactions. The corresponding liability is included in other liabilities (see note (27)). The amount is not available for the day to day operations of the Bank. Included in placements with banks and discount houses are placements with banks within Nigeria of N161.88 million (2008: N144.4 million). Annual Report 2009 59 Financials
Notes to the consolidated fi nancial statements for the period ended 31 December 2009 (continued) 60 Annual Report 2009 GROUP BANK 31 December 30 September 31 December 30 September 2009 2008 2009 2008 N’million N’million N’million N’million 13. LOANS AND ADVANCES Overdrafts 151 690 102 903 134 172 102 903 Term loans 485 305 298 238 436 716 271 780 Others 6 461 44 346 4 466 44 346 643 456 445 487 575 354 419 029 Loan loss provision (see note (13.4)) (34 076) (9 905) (29 301) (9 349) Interest-in-suspense (see note (13.5)) (2 764) (4 172) (2 764) (4 140) 606 616 431 410 543 289 405 540 13.1 Analysis by security Secured against real estate 99 900 95 220 99 900 94 608 Secured by shares of quoted companies 35 965 – 35 965 – Otherwise secured 483 858 341 720 415 764 316 000 Unsecured 23 733 8 547 23 725 8 421 643 456 445 487 575 354 419 029 13.2 Analysis by performance Performing Non-performing 589 798 429 288 535 717 403 450 – substandard 13 480 6 308 4 942 5 987 – doubtful 9 371 2 883 6 247 2 684 – lost 30 807 7 008 28 448 6 908 643 456 445 487 575 354 419 029 13.3 Analysis by maturity 0 – 30 days 278 544 100 892 249 064 96 814 1 – 3 months 53 045 118 111 47 432 114 557 3 – 6 months 51 895 65 766 46 402 50 089 6 – 12 months 36 185 63 678 32 354 62 354 Over 12 months 223 787 97 040 200 102 95 215 643 456 445 487 575 354 419 029 13.4 Movement in loan loss provision At start of period – Non-performing 4 428 7 743 3 903 7 448 – Performing 5 477 3 207 5 446 3 208 9 905 10 950 9 349 10 656 Additional provision: – Non-performing 57 916 5 053 53 313 4 717 – Performing (4 629) 2 270 (4 629) 2 238 Provision no longer required (25 832) (5 495) (25 448) (5 507) Amount written off (3 284) (2 873) (3 284) (2 755) 24 171 (1 045) 19 952 (1 307) At end of period – Non-performing 33 228 4 428 28 484 3 903 – Performing 848 5 477 817 5 446 34 076 9 905 29 301 9 349
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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
Page 11 and 12: Board of directors (continued) 8 An
Page 13 and 14: Senior management 10 Annual Report
Page 15 and 16: Chairman’s statement CHIEF FERDIN
Page 17 and 18: Chairman’s statement (continued)
Page 19 and 20: Group Managing Director/Chief Execu
Page 25 and 26: Review of Group’s fi nancial perf
Page 27 and 28: Review of Group’s fi nancial perf
Page 29 and 30: Our products and services Selected
Page 31 and 32: Corporate social responsibility rep
Page 37 and 38: Directors’ report for the period
Page 39 and 40: Directors’ report (continued) •
Page 41 and 42: Directors’ report (continued) AUD
Page 43 and 44: Corporate governance report (contin
Page 45 and 46: Report of the Audit Committee To Me
Page 47 and 48: Report of the independent auditors
Page 49 and 50: Accounting policies for the period
Page 55 and 56: Consolidated profi t and loss accou
Page 57 and 58: Consolidated cash fl ow statement f
Page 59 and 60: Notes to the consolidated fi nancia
Page 61: Notes to the consolidated fi nancia
Page 87 and 88: Group fi ve-year fi nancial summary
Page 89 and 90: Risk management report ENTERPRISE-W
Page 91 and 92: Risk management report (continued)
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Risk management report (continued)
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Shareholder information MARKET STAT
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Shareholder information (continued)
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Shareholder information (continued)
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Glossary AML Anti Money Laundering
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Corporate information (continued) N
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Notice of annual general meeting (c
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Notes 128 Annual Report 2009
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e-Dividend mandate form Dear Shareh
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Registrars UBA Registrars Limited R
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