Utd.bk (regs) Regulatory News (UBLS)

 Annexure "A"

Unconsolidated Condensed Interim Profit And Loss Account (Un-audited) 

For the quarter and nine months ended September 30, 2010 

 Jul-Sep 2010

 Jul-Sep 2009

 Jan-Sep 2010

Jan-Sep 2009 

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

Mark-up / return / interest earned

14,770,768

14,534,687

43,251,033

 46,163,070

Mark-up / return / interest expensed

(6,204,464)

(6,315,266)

(18,169,640)

(22,259,499)

Net mark-up / return / interest income

8,566,304

8,219,421

25,081,393

23,903,571

Provision against loans and advances - net

(1,861,529)

(2,321,431)

(5,254,930)

(7,710,812)

Provision for diminution in value of investments - net

(77,667)

(45,567)

(142,136)

(659,156)

Bad debts written off directly

(217,134)

(324,272)

(853,043)

(1,024,563)

(2,156,330)

(2,691,270)

(6,250,109)

(9,394,531)

Net mark-up / return / interest income after provisions

6,409,974

5,528,151

18,831,284

14,509,040

Non mark-up / return / interest income

Fee, commission and brokerage income

1,602,632

1,448,714

4,710,386

4,320,938

Dividend income

169,715

71,303

447,342

342,335

Income from dealing in foreign currencies

505,440

78,211

1,197,474

920,402

Gain on sale of securities

8,701

293,683

149,032

647,822

Unrealised loss on revaluation of investments classified as held for trading

(2,179)

(18,091)

(24,567)

(18,772)

Other income

280,917

167,995

813,877

2,038,225

Total non mark-up / return / interest income

2,565,226

2,041,815

7,293,544

8,250,950

8,975,200

7,569,967

26,124,828

22,759,991

Non mark-up / interest expenses

Administrative expenses

(4,432,572)

(4,212,401)

(12,859,820)

(12,280,176)

Other provisions / write offs / reversals - net

14,084

(59,202)

130,641

(242,295)

Workers' welfare fund

(122,246)

(113,026)

(300,613)

(282,371)

Other charges

(74,991)

(2,383)

(170,052)

(3,551)

Total non mark-up / interest expenses

(4,615,725)

(4,387,012)

(13,199,844)

(12,808,393)

Profit before taxation

4,359,475

3,182,955

12,924,984

 9,951,598

Taxation

- Current

(2,132,147)

(2,003,513)

(5,230,611)

(4,950,410)

- Prior

(1,693)

(757)

(396,443)

(75,722)

- Deferred

633,926

901,007

762,343

1,441,775

(1,499,914)

(1,103,263)

(4,864,711)

(3,584,357)

Profit after taxation

2,859,561

2,079,692

8,060,273

6,367,241

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

Basic and diluted earnings per share

2.34

1.70

6.58

5.20

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

For the quarter and nine months ended September 30, 2010

 Jul-Sep 2010

Jul-Sep 2009

Jan-Sep 2010

Jan-Sep 2009

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

Mark-up / return / interest earned

14,981,888

14,858,248

43,799,493

46,663,260

Mark-up / return / interest expensed

(6,258,491)

(6,356,511)

(18,295,350)

(22,376,712)

Net mark-up / return / interest income

8,723,397

8,501,737

25,504,143

24,286,548

Provision against loans and advances - net

(1,861,850)

(2,321,442)

(5,287,529)

(7,699,453)

Provision for diminution in value of investments - net

(88,159)

(45,567)

(148,889)

(659,156)

Bad debts written off directly

(217,134)

(324,272)

(853,043)

(1,024,563)

(2,167,143)

(2,691,281)

(6,289,461)

(9,383,172)

Net mark-up / return / interest income after provisions

6,556,254

5,810,456

19,214,682

14,903,376

Non mark-up / return / interest income

Fee, commission and brokerage income

1,730,538

1,553,276

5,167,258

4,590,309

Dividend income

27,405

71,706

69,290

343,248

Income from dealing in foreign currencies

518,857

90,360

1,233,484

968,122

Gain on sale of securities

4,931

324,221

147,087

719,255

Unrealized loss on revaluation of investments classified as

held for trading

10,785

(18,091)

(12,316)

(18,772)

Other income

308,830

164,535

901,406

2,398,036

Total non mark-up / return / interest income

2,601,346

2,186,007

7,506,209

9,000,198

9,157,600

7,996,463

26,720,891

23,903,574

Non mark-up / interest expenses

Administrative expenses

(4,735,451)

(4,532,480)

(13,814,875)

(13,191,346)

Other provisions / write offs / reversals - net

14,084

(59,301)

130,641

(242,607)

Workers' welfare fund

(123,101)

(113,026)

(303,133)

(282,371)

Other charges

(74,991)

(2,383)

(170,052)

(3,551)

Total non mark-up / interest expenses

(4,919,459)

(4,707,190)

(14,157,419)

(13,719,875)

4,238,141

3,289,273

12,563,472

10,183,699

Share of income from associates

56,290

181,201

240,941

393,519

Profit before taxation

4,294,431

3,470,474

12,804,413

10,577,218

Taxation - Current

(2,145,987)

(2,031,062)

(5,263,021)

(5,008,597)

- Prior

(1,693)

(757)

(396,443)

(75,722)

- Deferred

634,627

901,598

762,258

1,445,126

(1,513,053)

(1,130,221)

(4,897,206)

(3,639,193)

Profit after taxation

2,781,378

2,340,253

7,907,207

6,938,025

Profit/ (loss) attributable to:

Equity shareholders of the Bank

2,793,532

2,335,055

7,959,663

6,926,066

Non-controlling interests

(12,154)

5,198

(52,456)

11,959

2,781,378

2,340,253

7,907,207

6,938,025

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

Basic and diluted earnings per share

2.28

1.91

6.50

5.66