Utd.bk (regs) Regulatory News (UBLS)

Annexure - A

UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2011

Jul- Sep 2011

Jul-Sep 2010

Jan-Sep 2011

Jan-Sep 2010

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

Mark-up / return / interest earned

18,473,595

14,777,764

52,532,004

43,237,719

Mark-up / return / interest expensed

(8,152,142)

(6,169,039)

(22,898,926)

(18,025,424)

Net mark-up / return / interest income

10,321,453

8,608,725

29,633,078

25,212,295

Provision against loans and advances - net

(1,437,810)

(1,861,529)

(5,830,654)

(5,254,930)

Provision against lendings to financial institutions

-

-

(91,354)

-

Provision for diminution in value of investments - net

(46,468)

(77,667)

(251,983)

(142,136)

Bad debts written off directly

(103,324)

(217,134)

(336,440)

(853,043)

(1,587,602)

(2,156,330)

(6,510,431)

(6,250,109)

Net mark-up / return / interest income after provisions

8,733,851

6,452,395

23,122,647

18,962,186

Non mark-up / return / interest income

 Fee, commission and brokerage income

1,711,515

1,602,632

4,991,508

4,710,386

 Dividend income

107,757

169,715

429,750

447,342

 Income from dealing in foreign currencies

441,235

505,441

1,516,804

1,197,474

 Gain on sale of securities

49,209

8,701

245,115

149,032

 Unrealised gain / (loss) on revaluation of investments

classified as held for trading

106,216

(2,179)

54,847

(24,567)

 Other income

622,395

280,917

1,698,893

813,888

Total non mark-up / return / interest income

3,038,327

2,565,227

8,936,917

7,293,555

11,772,178

9,017,622

32,059,564

26,255,741

Non mark-up / interest expenses

 Administrative expenses

(5,016,266)

(4,474,994)

(14,758,344)

(12,990,733)

 Other provisions / write offs / reversals - net

(14,724)

14,084

(1,020)

130,641

 Workers' welfare fund

(151,111)

(122,246)

(369,820)

(300,613)

 Other charges

(67,661)

(74,991)

(178,622)

(170,052)

Total non mark-up / interest expenses

(5,249,762)

(4,658,147)

(15,307,806)

(13,330,757)

Profit before taxation

6,522,416

4,359,475

16,751,758

12,924,984

Taxation

- Current

(2,670,332)

(2,132,147)

(6,485,379)

(5,230,611)

- Prior

(370,165)

(1,693)

(362,636)

(396,443)

- Deferred

765,990

633,926

1,048,707

762,343

(2,274,507)

(1,499,914)

(5,799,308)

(4,864,711)

Profit after taxation

4,247,909

2,859,561

10,952,450

8,060,273

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

Basic and diluted earnings per share

3.47

2.34

8.95

6.58

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

For the nine months ended September 30, 2011

Jul - Sep 2011

Jul - Sep 2010

Jan- Sep 2011

Jan- Sep 2010

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

Mark-up / return / interest earned

18,708,674

14,988,884

53,196,597

43,786,179

Mark-up / return / interest expensed

(8,223,404)

(6,223,066)

(23,072,829)

(18,151,134)

Net mark-up / return / interest income

10,485,270

8,765,818

30,123,768

25,635,045

Provision against loans and advances - net

(1,437,810)

(1,861,850)

(5,830,654)

(5,287,529)

Provision against lendings to financial institutions

-

-

(91,354)

-

Provision for diminution in value of investments - net

(46,468)

(88,159)

(254,013)

(148,889)

Bad debts written off directly

(103,324)

(217,134)

(336,440)

(853,043)

(1,587,602)

(2,167,143)

(6,512,461)

(6,289,461)

Net mark-up / return / interest income after provisions

8,897,668

6,598,675

23,611,307

19,345,584

Non Mark-up / return/ interest Income

Fee, commission and brokerage income

1,910,575

1,730,538

5,513,175

5,167,258

Dividend income

34,198

27,405

131,186

69,290

Income from dealing in foreign currencies

459,252

518,858

1,567,887

1,233,484

Gain on sale of securities

49,889

4,931

255,965

147,087

Unrealized gain / (loss) on revaluation of investments classified as

held for trading

108,475

10,785

62,356

(12,316)

Other income

656,662

308,830

1,812,180

901,417

Total non mark-up / return / interest income

3,219,051

2,601,347

9,342,749

7,506,220

12,116,719

9,200,022

32,954,056

26,851,804

Non Mark-up / Interest Expenses

Administrative expenses

(5,391,542)

(4,777,873)

(15,897,196)

(13,945,789)

Other provisions / write offs / reversals - net

(14,724)

14,084

(1,020)

130,641

Workers' welfare fund

(151,367)

(123,101)

(370,971)

(303,133)

Other charges

(67,661)

(74,991)

(178,622)

(170,052)

Total non mark-up / interest expenses

(5,625,294)

(4,961,881)

(16,447,809)

(14,288,333)

6,491,425

4,238,141

16,506,247

12,563,472

Share of (loss) / income of associates

(26,109)

56,290

(100,669)

240,941

Profit before taxation

6,465,316

4,294,431

16,405,578

12,804,413

Taxation - Current

(2,672,451)

(2,145,987)

(6,492,146)

(5,263,021)

- Prior

(370,165)

(1,693)

(362,636)

(396,443)

- Deferred

766,301

634,627

1,047,953

762,258

(2,276,315)

(1,513,053)

(5,806,829)

(4,897,206)

Profit after taxation

4,189,001

2,781,378

10,598,749

7,907,207

Attributable to:

Equity shareholders of the Bank

4,176,252

2,793,532

10,596,978

7,959,663

Non-controlling interest

12,749

(12,154)

1,771

(52,456)

4,189,001

2,781,378

10,598,749

7,907,207

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

Basic and diluted earnings per share

3.41

2.28

8.66

6.50