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) UBA UBA UBA UBA Continental Ghana Cameroun Cote d’lvoire Liberia Bank Limited Limited Limited Limited Benin N’million N’million N’million N’million N’million 18. CONDENSED RESULTS OF CONSOLIDATED ENTITIES Condensed profi t and loss Operating income 2 142 1 609 691 266 1 840 Operating expenses (2 680) (1 547) (2 013) (455) (1 372) Provision expense (257) (32) (2) (17) (883) (Loss)/profi t before tax (795) 30 (1 324) (206) (415) Tax (12) – – – – (Loss)/profi t for the period (807) 30 (1 324) (206) (415) Condensed fi nancial position Assets Cash and balances with central banks 3 642 7 627 858 857 7 241 Treasury bills 12 689 – – – 4 733 Due from other banks 6 239 7 277 842 1 183 1 403 Loans and advances to customers 3 542 7 139 6 640 662 10 077 Investment securities – – 650 – 1 154 Other assets 289 160 356 186 1 220 Property and equipment 975 599 903 485 660 27 376 22 802 10 249 3 373 26 488 Financed by: Customer deposits 20 597 20 646 7 513 2 149 21 110 Due to other banks – – 488 – 354 Current income tax 12 – – – – Other liabilities 722 937 968 95 1 189 Equity and reserves 6 045 1 219 1 280 1 129 3 835 27 376 22 802 10 249 3 373 26 488 Condensed cash fl ow Net cash from/(used in) operating activities 4 070 5 806 (995) 1 077 4 734 Net cash from fi nancing activities 5 854 248 1 436 703 1 488 Net cash (used in)/from investing activities (815) (306) (1 423) (358) 733 Increase/(decrease) in cash and cash equivalents 9 109 5 748 (982) 1 422 6 955 At period start 13 461 9 156 2 682 618 6 422 At period end 22 570 14 904 1 700 2 040 13 377 9 109 5 748 (982) 1 422 6 955 Annual Report 2009 65 Financials
Notes to the consolidated fi nancial statements for the period ended 31 December 2009 (continued) 66 Annual Report 2009 UBA Banque UBA UBA UBA Uganda Int’l du RFS Asset Mgt. Ins. Brokers Limited Burkina Faso Limited Limited Limited N’million N’million N’million N’million N’million 18. CONDENSED RESULTS OF CONSOLIDATED ENTITIES (continued) Condensed profi t and loss Operating income 338 5 674 225 1 809 469 Operating expenses (1 385) (4 861) (435) (1 575) (80) Provision expense – 236 (51) (359) (Loss)/profi t before tax (1 047) 1 049 (261) (125) 389 Tax – (39) – (327) – (Loss)/profi t for the period (1 047) 1 010 (261) (452) 389 Condensed fi nancial position Assets Cash and balances with central banks 702 3 321 22 344 336 Treasury bills 2 861 – 20 – – Due from other banks 400 1 997 733 – 754 Loans and advances to customers 798 34 093 – – – Investment securities – 21 887 – 24 942 – Other assets 480 5 127 80 1 145 39 Investment properties – – – 269 – Property and equipment 620 2 887 133 35 1 5 861 69 312 988 26 735 1 130 Financed by: Customer deposits 4 966 50 602 228 – – Due to other banks – 563 – – 253 Investment contracts liabilities – – – 22 095 – Current income tax – 40 – 285 – Other liabilities 635 9 036 32 1 131 408 Deferred income tax liabilities – – – – – Equity and reserves 260 9 071 728 3 224 469 5 861 69 312 988 26 735 1 130 Condensed cash fl ow Net cash (used in)/ from operating activities (884) 8 112 (48) (14 646) 584 Net cash (used in)/from fi nancing activities (46) 5 343 – (3 394) 5 Net cash from/(used in) investing activities 120 (13 701) (110) 9 457 – (Decrease)/increase in cash and cash equivalents (810) (246) (158) (8 583) 589 At period start 4 773 5 564 933 29 495 501 At period end 3 963 5 318 775 20 912 1 090 (810) (246) (158) (8 583) 589 Included in the Investment securities of UBA Asset Management Limited is N20.569 million short-term investments classifi ed as cash and cash equivalents.
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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
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 67: 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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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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2009 Annual Report and Financial Statements - UBA Plc

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