Utd.bk (regs) Regulatory News (UBLS)

UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (Unaudited)

FOR THE QUARTER ENDED MARCH 31, 2010

March 2010

 March 2009

------- (Rupees in '000) -------

Mark-up / return / interest earned

14,129,423

16,142,665

Mark-up / return / interest expensed

(5,996,107)

(8,243,972)

Net mark-up / interest income

8,133,316

7,898,693

Provision against loans and advances - net

(1,735,122)

(1,604,445)

Provision for diminution in value of investments - net

5,733

(290,060)

Bad debts written off directly

(386,709)

(334,660)

(2,116,098)

(2,229,165)

Net mark-up / return / interest income after provisions

6,017,218

5,669,528

Non Mark-up / Interest Income

Fee, commission and brokerage income

1,473,016

1,289,121

Dividend income

137,625

34,805

Income from dealing in foreign currencies

361,362

484,114

Gain on sale of securities

86,073

85,749

Unrealized (loss) / gain on revaluation of investment classified as held for trading

(7,901)

21,992

Other income

376,722

356,002

Total non mark-up / return / interest income

2,426,897

2,271,783

8,444,115

7,941,311

Non Mark-up / Interest Expenses

Administrative expenses

(4,082,348)

(3,917,599)

Other provisions / write offs - net

(8,327)

2,970

Worker welfare fund

(88,908)

(82,618)

Other charges

(4,118)

(820)

Total non mark-up / interest expenses

(4,183,701)

(3,998,067)

Profit before taxation

4,260,414

3,943,244

Taxation - Current

(1,541,710)

(1,607,896)

- Prior year

(262)

(4)

- Deferred

65,080

 200,565

(1,476,892)

(1,407,335)

Profit after taxation

2,783,522

2,535,909

Unappropriated profit brought forward

22,187,802

16,604,076

24,971,324

19,139,985

Transfer from surplus on revaluation of fixed assets - net of tax

70,510

97,315

Profit available for appropriation

24,041,834

19,237,300

----------- (Rupees) -----------

Earnings per share

2.50

2.28

Consolidated Condensed Interim Profit and Loss Account (Un-audited)

For the quarter ended March 31, 2010

March 31, 2010

March 31, 2009

------- (Rupees in '000) -------

Mark-up / return / interest earned

 14,301,263

 16,293,857

Mark-up / return / interest expensed

(6,028,856)

(8,282,966)

Net mark-up / return / interest income

8,272,407

8,010,891

Provision against loans and advances - net

(1,735,122)

(1,599,263)

Provision for diminution in value of investments - net

(5,515)

(290,060)

Bad debts written off directly

(386,709)

(334,660)

(2,127,346)

(2,223,983)

Net mark-up / return / interest income after provisions

6,145,061

5,786,908

Non Mark-up / Interest Income

Fee, commission and brokerage income

1,627,138

1,376,493

Dividend income

26,896

35,116

Income from dealing in foreign currencies

370,598

502,316

Gain on sale of securities

87,364

94,113

Unrealized loss on revaluation of investments classified as

held for trading

(7,703)

20,506

Other income

410,844

467,844

Total non mark-up / return / interest income

2,515,137

2,496,388

8,660,198

8,283,295

Non Mark-up / Interest Expenses

Administrative expenses

(4,392,940)

(4,199,466)

Other provisions / write offs / reversals - net

(8,327)

2,970

Workers' welfare fund

(89,736)

(82,618)

Other charges

(4,118)

(820)

Total non mark-up / interest expenses

(4,495,121)

(4,279,934)

4,165,077

4,003,361

Share of income of associates

65,788

179,915

Profit before taxation

4,230,865

4,183,276

Taxation - Current

(1,551,973)

(1,621,660)

- Prior

(262)

(4)

- Deferred

64,294

202,930

(1,487,941)

(1,418,734)

Profit after taxation

2,742,924

2,764,542

Attributable to:

Equity shareholders of the Bank

Minority Interest

2,742,924 2,764,542

----------- (Rupees) -----------

Basis and diluted earnings per share

2.47

2.48