Professional Documents
Culture Documents
These have been converted at Rs 79.1 per US Dollar from the audited financial statements.
UNITED BANK LIMITED AND ITS SUBSIDIARY COMPANIES
CONSOLIDATED BALANCE SHEET
AS AT DECEMBER 31, 2008
2008 2007
ASSET Cash and balances with treasury banks
S
6 728,489 Balances with other banks
33,
938
1 138,842 Lendings to financial institutions
83,
825
288,316
3 Investments 1,454,605
13,
302
1,441,573
A Performing 4,651,922
dva
nce
s
3 Non-performing 130,647
,81
7,4
03
79,905
4 3,897,309 Operating fixed assets
,78
2,5
68
2 241,035 Deferred tax asset - net
51,
925
27,360 -
O 218,831 150,283
ther
ass
ets
7,841,3 6,910,833
69
LIABILITIES
Bills 65,878 76,958
pay
abl
e
B 565,746 752,116
orro
win
gs
D 6,223,480 5,202,060
epo
sits
and
oth
er
acc
oun
ts
S 151,632 75,813
ub-
ordi
nat
ed
loa
ns
L 25 41
iabil
ities
aga
inst
ass
ets
subj
ect
to
fina
nce
leas
e
D - 26,675
efer
red
tax
liabi
lity -
net
O 210,125 171,710
ther
liabi
litie
s
7 6,305,373 NET ASSETS
,21
6,8
86
624,48 605,459
3
REPRESENTED BY:
S 127,906 102,325
har
e
capi
tal
R 218,159 146,366
ese
rve
s
U 223,814 211,487
nap
pro
pria
ted
prof
it
5 460,178 Minority Interest
69,
879
2 26,747 595,728
5,8
49
4 Surplus on revaluation of assets - net of 28,755
86, deferred tax
925
1 624,483 605,459
18,
534
CONTI These have been converted at Rs 79.1 per US Dollar from the audited financial statements.
NGEN
CIES
AND
COMMI
TMENT
S
------- Thevaluationoflistedequitysecurities/mutualfundsheldunder‘available-for-
(US sale’categoryofinvestmentshasbeenarrivedatusingthemarketpricesquotedonthestockexchange/ne
Dollars tassetsvalueasofDecember31,2008andaportionofimpairmentlossarisingtherefromhasbeeninclude
in '000) dindeficitonrevaluationofassets–
------- netofdeferredtaxasallowedbyStateBankofPakistanandSecuritiesandExchangeCommissionofPakis
tan.UndertheregularaccountingpolicyoftheGroup,thesamewouldhaveresultedinachargetoprofitandl
ossaccountofUSD.18.324million(netoftax)and,consequently,theunappropriatedprofitfortheyearwou
ldhavebeenUSD.209.152millionandsurplusonrevaluationofassets-
netofdeferredtaxwouldhavebeenlowerbyUSD.18.324 million as given in note 9.5 to the
consolidated financial statements.
These have been converted at Rs 79.1 per US Dollar from the audited financial statements.
UNITED BANK LIMITED AND ITS SUBSIDIARY COMPANIES
CONSOLIDATED BALANCE SHEET
AS AT DECEMBER 31, 2008
2008 2007
ASSET Cash and balances with treasury banks
S
6 728,489 Balances with other banks
33,
938
1 138,842 Lendings to financial institutions
83,
825
288,316
3 Investments 1,454,605
13,
302
1,441,573
A Performing 4,651,922
dva
nce
s
3 Non-performing 130,647
,81
7,4
03
79,905
4 3,897,309 Operating fixed assets
,78
2,5
68
2 241,035 Deferred tax asset - net
51,
925
27,360 -
O 218,831 150,283
ther
ass
ets
7,841,3 6,910,833
69
LIABILITIES
Bills 65,878 76,958
pay
abl
e
B 565,746 752,116
orro
win
gs
D 6,223,480 5,202,060
epo
sits
and
oth
er
acc
oun
ts
S 151,632 75,813
ub-
ordi
nat
ed
loa
ns
L 25 41
iabil
ities
aga
inst
ass
ets
subj
ect
to
fina
nce
leas
e
D - 26,675
efer
red
tax
liabi
lity -
net
O 210,125 171,710
ther
liabi
litie
s
7 6,305,373 NET ASSETS
,21
6,8
86
624,48 605,459
3
REPRESENTED BY:
S 127,906 102,325
har
e
capi
tal
R 218,159 146,366
ese
rve
s
U 223,814 211,487
nap
pro
pria
ted
prof
it
5 460,178 Minority Interest
69,
879
2 26,747 595,728
5,8
49
4 Surplus on revaluation of assets - net of 28,755
86, deferred tax
925
1 624,483 605,459
18,
534
CONTI These have been converted at Rs 79.1 per US Dollar from the audited financial statements.
NGEN
CIES
AND
COMMI
TMENT
S
------- Thevaluationoflistedequitysecurities/mutualfundsheldunder‘available-for-
(US sale’categoryofinvestmentshasbeenarrivedatusingthemarketpricesquotedonthestockexchange/ne
Dollars tassetsvalueasofDecember31,2008andaportionofimpairmentlossarisingtherefromhasbeeninclude
in '000) dindeficitonrevaluationofassets–
------- netofdeferredtaxasallowedbyStateBankofPakistanandSecuritiesandExchangeCommissionofPakis
tan.UndertheregularaccountingpolicyoftheGroup,thesamewouldhaveresultedinachargetoprofitandl
ossaccountofUSD.18.324million(netoftax)and,consequently,theunappropriatedprofitfortheyearwou
ldhavebeenUSD.209.152millionandsurplusonrevaluationofassets-
netofdeferredtaxwouldhavebeenlowerbyUSD.18.324 million as given in note 9.5 to the
consolidated financial statements.
These have been converted at Rs 79.1 per US Dollar from the audited financial statements.