Utd.bk (regs) Regulatory News (UBLS)

Annex A

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

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018

January - September 2018

January - September 2017

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

Mark-up / return / interest earned

83,884,857

78,157,814

Mark-up / return / interest expensed

(42,001,398)

(35,975,564)

Net mark-up / return / interest income

41,883,459

42,182,250

(Provision) / reversal against loans and advances - net

(6,178,554)

202,198

Reversal of provision against lendings to financial institutions - net

124,118

8,260

Provision for diminution in value of investments - net

(818,177)

(209,967)

Bad debts written off directly

(99,965)

(43,520)

(6,972,578)

(43,029)

Net mark-up / return / interest income after provisions

34,910,881

42,139,221

Non mark-up / return / interest income

Fee, commission and brokerage income

9,990,302

8,763,034

Dividend income

1,395,348

1,543,805

Income from dealing in foreign currencies

2,688,646

1,323,130

Gain on sale of securities - net

4,676,085

3,844,529

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

6

(20,845)

Other income

668,839

661,096

Total non mark-up / return / interest income

19,419,226

16,114,749

54,330,107

58,253,970

Non mark-up / interest expenses

Administrative expenses

(28,155,442)

(26,101,334)

Other provisions / write offs - net

(473,456)

(76,173)

Workers' Welfare Fund

(417,386)

(630,235)

Other charges

(43,358)

(59,039)

Total non mark-up / interest expenses

(29,089,642)

(26,866,781)

Profit before extra ordinary / unusual item and taxation

25,240,465

31,387,189

Extraordinary / unusual item - accrual in respect of pension liability

(8,746,607)

-

Profit before taxation

16,493,858

31,387,189

Taxation - Current

(8,272,967)

(11,105,212)

- Prior

172,200

(72,612)

- Deferred

1,338,373

(1,109,865)

(6,762,394)

(12,287,689)

Profit after taxation

9,731,464

19,099,500

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

Earnings per share - basic and diluted

7.95

15.60

Annex B

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

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018

 January -

September 2018

 January - September 2017

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

 Mark-up / return / interest earned

86,991,106

80,621,771

 Mark-up / return / interest expensed

(43,553,484)

(37,245,028)

 Net mark-up / return / interest income

43,437,622

43,376,743

 Provision against loans and advances - net

(6,190,069)

(103,188)

 Reversal of provision against lendings to financial institutions - net

124,118

8,260

 Provision for diminution in value of investments - net

(1,344,757)

(209,967)

 Bad debts written off directly

(104,454)

(136,637)

(7,515,162)

(441,532)

 Net mark-up / return / interest income after provisions

35,922,460

42,935,211

 Non mark-up / interest income

 Fee, commission and brokerage income

11,447,163

10,470,520

 Dividend income

1,045,814

1,031,875

 Income from dealing in foreign currencies

2,843,801

1,535,891

 Gain on sale of securities - net

4,793,268

4,295,042

 Unrealized gain / (loss) on revaluation of investments classified

as held for trading

6

(20,907)

 Other income

632,474

598,064

 Total non mark-up / interest income

20,762,526

17,910,485

56,684,986

60,845,696

 Non mark-up / interest expenses

 Administrative expenses

(30,733,737)

(28,462,966)

 Other provisions / write offs - net

(473,456)

(76,173)

 Workers' Welfare Fund

(424,918)

(638,724)

 Other charges

(43,358)

(59,039)

 Total non mark-up / interest expenses

(31,675,469)

(29,236,902)

25,009,517

31,608,794

 Share of income / (loss) of associates

455,007

342,570

 Profit before extraordinary / unusual item and taxation

25,464,524

31,951,364

 Extraordinary / unusual item - accrual in respect of

 pension liability

(8,746,607)

-

 Profit before taxation

16,717,917

31,951,364

Taxation - Current

(8,420,574)

(11,348,979)

- Prior

(6,375)

(72,612)

- Deferred

1,202,437

(1,077,347)

(7,224,512)

(12,498,938)

 Profit after taxation

9,493,405

19,452,426

 Attributable to:

 Equity shareholders of the Bank

9,747,927

19,349,717

 Non-controlling interest

(254,522)

102,709

9,493,405

19,452,426

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

 Earnings per share - basic and diluted

7.96

15.81