Utd.bk (regs) Regulatory News (UBLS)

"Annexure A" 

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

For the half year ended June 30, 2010 

Apr-Jun 2010

Apr-Jun 2009

Jan-Jun 2010

Jan-Jun 2009

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

Mark-up / return / interest earned

14,285,230

15,408,889

28,480,265

31,628,383

Mark-up / return / interest expensed

(5,969,069)

(7,725,407)

(11,965,176)

 (15,944,233)

Net mark-up / return / interest income

8,316,161

7,683,482

16,515,089

15,684,150

Provision against loans and advances - net

(1,658,279)

(3,784,936)

(3,393,401)

(5,389,381)

Provision for diminution in value of investments - net

(70,202)

(323,529)

(64,469)

(613,589)

Bad debts written off directly

(249,200)

(365,631)

(635,909)

(700,291)

(1,977,681)

(4,474,096)

(4,093,779)

(6,703,261)

Net mark-up / return / interest income after provisions

6,469,704

3,209,386

 12,421,310

8,980,889

Non mark-up / return / interest income

Fee, commission and brokerage income

1,634,739

1,608,249

3,107,754

2,872,224

Dividend income

140,002

236,227

277,627

271,032

Income from dealing in foreign currencies

330,672

371,361

692,034

842,191

Gain on sale of securities

54,258

229,178

140,331

354,139

Unrealised loss on revaluation of investments

classified as held for trading

(14,487)

(22,673)

(22,388)

(681)

Other income

221,850

1,616,985

532,960

1,870,230

Total non mark-up / return / interest income

2,367,034

4,039,327

4,728,318

6,209,135

8,705,514

7,248,713

17,149,628

15,190,024

Non mark-up / interest expenses

Administrative expenses

(4,344,900)

(4,150,176)

(8,427,248)

(8,067,775)

Other provisions / write offs / reversals - net

124,884

(186,063)

116,557

(183,093)

Workers' welfare fund

(89,459)

(86,727)

(178,367)

(169,345)

Other charges

(90,943)

(348)

(95,061)

(1,168)

Total non mark-up / interest expenses

(4,400,418)

(4,423,314)

(8,584,119)

(8,421,381)

Profit before taxation

4,305,096

2,825,399

8,565,509

6,768,643

Taxation

- Current

(1,556,754)

(1,339,001)

(3,098,464)

(2,946,897)

- Prior

(394,488)

(74,961)

(394,750)

(74,965)

- Deferred

63,337

340,204

128,417

540,768

(1,887,905)

(1,073,758)

(3,364,797)

(2,481,094)

Profit after taxation

2,417,191

1,751,641

5,200,712

4,287,549

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

Basic and diluted earnings per share

1.97

1.43

4.25

3.50

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

For the half year ended June 30, 2010

 Apr-Jun 2010

 Apr-Jun 2009

 Jan-Jun 2010

 Jan-Jun 2009

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

Mark-up / return / interest earned

14,450,730

15,497,873

28,817,605

31,805,012

Mark-up / return / interest expensed

(6,008,003)

(7,762,381)

(12,036,859)

 (16,020,201)

Net mark-up / return / interest income

8,442,727

7,735,492

16,780,746

15,784,811

Provision against loans and advances - net

(1,690,557)

(3,778,748)

(3,425,679)

(5,378,011)

Provision for diminution in value of investments - net

(55,215)

(323,529)

(60,730)

(613,589)

Bad debts written off directly

(249,200)

(365,631)

(635,909)

(700,291)

(1,994,972)

(4,467,908)

(4,122,318)

(6,691,891)

Net mark-up / return / interest income after provisions

6,447,755

3,267,584

12,658,428

9,092,920

Non Mark-up / Interest Income

Fee, commission and brokerage income

1,809,582

1,685,686

3,436,720

3,037,033

Dividend income

14,989

236,426

41,885

271,542

Income from dealing in foreign currencies

344,029

388,729

714,627

877,762

Gain on sale of securities

54,792

263,195

142,156

395,034

Unrealized loss on revaluation of investments classified as

held for trading

(15,398)

(22,673)

(23,101)

(681)

Other income

247,344

1,804,869

592,576

2,233,501

Total non mark-up / return / interest income

2,455,338

4,356,232

4,904,863

6,814,191

8,903,093

7,623,816

17,563,291

15,907,111

Non Mark-up / Interest Expenses

Administrative expenses

(4,686,484)

(4,459,400)

(9,079,424)

(8,658,866)

Other provisions / write offs / reversals - net

124,884

(186,276)

116,557

(183,306)

Workers' welfare fund

(90,296)

(86,727)

(180,032)

(169,345)

Other charges

(90,943)

(348)

(95,061)

(1,168)

Total non mark-up / interest expenses

(4,742,839)

(4,732,751)

(9,237,960)

(9,012,685)

4,160,254

2,891,065

8,325,331

6,894,426

Share of income from associates

118,863

32,403

184,651

212,318

Profit before taxation

4,279,117

2,923,468

8,509,982

7,106,744

Taxation - Current

(1,565,061)

(1,355,875)

(3,117,034)

(2,977,535)

- Prior

(394,488)

(74,961)

(394,750)

(74,965)

- Deferred

63,337

340,598

127,631

543,528

(1,896,212)

(1,090,238)

(3,384,153)

(2,508,972)

Profit after taxation

2,382,905

1,833,230

5,125,829

4,597,772

Attributable to:

Equity shareholders of the Bank

2,413,707

1,834,453

5,166,131

4,591,011

Minority Interest

(30,802)

(1,223)

(40,302)

6,761

2,382,905

1,833,230

5,125,829

4,597,772

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

Basic and diluted earnings per share

1.97

1.50

4.22

3.75