UOB Annual Report 2002 - United Overseas Bank

More documents

Recommendations

Info

Notes to the Financial Statements for the financial year ended 31 December 2002 2 Significant Accounting Policies (continued) (p) Repurchase and Reverse Repurchase Agreements Repurchase agreements are treated as collateralised borrowings and the amounts borrowed are shown as liabilities, included in deposits and balances of banks and agents (Note 21). The securities sold under repurchase agreements are treated as pledged assets and remain on the balance sheets as assets, included in Singapore Government treasury bills and securities (Note 24) and other government treasury bills and securities (Note 25). Reverse repurchase agreements are treated as collateralised lending and the amounts lent are shown as assets, included in placements and balances with banks and agents (Note 27). The difference between the amount received and the amount paid under repurchase agreements and reverse repurchase agreements is amortised as interest expense and interest income respectively. (q) Comparatives Where necessary, comparative figures have been adjusted to conform with changes in the current presentation. Where applicable, the comparatives have been adjusted or extended to take into account the requirements of the revised SAS 12 and INT 5 which the Group and the Bank adopted in 2002. 3 Interest Income The Group The Bank 2002 2001 2002 2001 $'000 $'000 $'000 $'000 Government treasury bills and securities 239,966 194,894 192,661 104,213 Trade bills and advances to customers 2,810,875 2,183,795 2,164,769 1,296,157 Placements and balances with banks and agents 545,722 951,806 481,673 869,439 Dealing and investment securities 155,916 82,789 113,049 45,975 3,752,479 3,413,284 2,952,152 2,315,784 Received/receivable from: Subsidiaries – – 28,724 45,141 Associates 11,718 21,129 11,678 20,811 Third parties 3,740,761 3,392,155 2,911,750 2,249,832 3,752,479 3,413,284 2,952,152 2,315,784 104
4 Interest Expense The Group The Bank 2002 2001 2002 2001 $'000 $'000 $'000 $'000 Non-bank deposits 1,066,224 1,318,879 752,219 874,637 Deposits and balances of banks and agents 396,122 611,922 372,792 547,774 Debts issued 121,012 53,332 108,012 50,332 1,583,358 1,984,133 1,233,023 1,472,743 Paid/payable to: Subsidiaries – – 30,073 64,553 Associates 1,005 1,605 817 1,245 Third parties 1,582,353 1,982,528 1,202,133 1,406,945 1,583,358 1,984,133 1,233,023 1,472,743 5 Dividend Income The Group The Bank 2002 2001 2002 2001 $'000 $'000 $'000 $'000 Dividend income from: Investments in subsidiaries Quoted – – 8,257 33,593 Unquoted – – 168,189 151,989 Investments in associates Quoted – – 37,265 38,434 Unquoted – – 20,628 1,606 Other investments Quoted 19,336 28,910 10,857 3,458 Unquoted 12,545 4,791 11,190 2,077 31,881 33,701 256,386 231,157 6 Fee and Commission Income The Group The Bank 2002 2001 2002 2001 $'000 $'000 $'000 $'000 Credit card 95,948 63,708 74,352 45,085 Fund management 74,476 52,879 5,723 – Futures broking and stockbroking 48,802 32,839 – – Investment-related 29,035 13,851 27,729 9,696 Loan-related 86,187 60,937 61,042 33,132 Service charges 44,193 35,243 36,393 24,936 Trade-related 100,910 80,272 71,801 45,604 Others 20,994 15,472 16,644 5,550 500,545 355,201 293,684 164,003 UNITED OVERSEAS BANK 105
Page 1 and 2:
ANNUAL REPORT 2002 United for Growt
Page 3 and 4:
Our Mission To be a premier bank in
Page 5 and 6:
Performance in Brief Profit For The
Page 7 and 8:
Profit growth was derived mainly fr
Page 9 and 10:
Financial Highlights Group Assets 2
Page 11 and 12:
Group Return On Average Shareholder
Page 13 and 14:
Corporate Information Honorary Life
Page 15 and 16:
Left to right: Koh Beng Seng, Ngiam
Page 17 and 18:
Left to right: Tan Kok Quan, Prof L
Page 19 and 20:
Mr Francis Lee Chin Yong Managing D
Page 21 and 22:
The Bank has a budget for directors
Page 23 and 24:
independent and non-executive direc
Page 25 and 26:
work of each of the banking subsidi
Page 27 and 28:
Risk Management Credit and Country
Page 29 and 30:
The composition of loans and advanc
Page 31 and 32:
Group Non-Performing Loans (NPLs) a
Page 33 and 34:
Group NPLs and Cumulative Provision
Page 35 and 36:
Group Specific Provision by Region
Page 37 and 38:
Collateral Types The majority of th
Page 39 and 40:
Exposure to the Five Regional Count
Page 41 and 42:
Cross-Border Exposure to the Five R
Page 43 and 44:
Complementing the static analysis i
Page 45 and 46:
Sources of Deposits The Group has a
Page 47 and 48:
The VaR calculations are performed
Page 49 and 50:
Group Daily VaR Distribution for 20
Page 51 and 52:
As part of the Group's comprehensiv
Page 53 and 54:
The celebratory light-up linking UO
Page 55 and 56: services so as to meet the increasi
Page 57 and 58: Our subsidiary, UOB Asset Managemen
Page 59 and 60: Grow our services In line with the
Page 61 and 62: exercise, achieved well ahead of th
Page 63 and 64: processes in place that will suppor
Page 65 and 66: Group Financial Review Review of Fi
Page 67 and 68: Group Profits The Group achieved a
Page 69 and 70: Analysis of Changes in Net Interest
Page 71 and 72: Cost Savings from Integration The G
Page 73 and 74: Overview of Balance Sheet Assets Mi
Page 75 and 76: Gross Customer Loans Analysed by Cu
Page 77 and 78: Capital Adequacy Ratios The Capital
Page 79 and 80: Directors’ Report for the financi
Page 81 and 82: In addition, the following subsidia
Page 83 and 84: Arrangements to Enable Directors to
Page 85 and 86: Ability to Meet Obligations No cont
Page 87 and 88: Share Options of the Bank (a) From
Page 89 and 90: (d) (e) (f) No options have been gr
Page 91 and 92: Statement by Directors for the fina
Page 93 and 94: Income Statements for the financial
Page 95 and 96: The Group The Bank Note 2002 2001 2
Page 97 and 98: The Group 2001 Non- Share of Share
Page 99 and 100: The Bank 2001 Non- Share Share Dist
Page 101 and 102: Notes to the Financial Statements f
Page 103 and 104: (e) Investments (i) Singapore Gover
Page 105: (k) Derivative Financial Instrument
Page 109 and 110: (c) Equity Compensation Benefits Op
Page 111 and 112: 11 Directors’ Fees and Other Remu
Page 113 and 114: 14 Tax (a) The tax charge to the in
Page 115 and 116: 2002 2001 Fair Value of Depreciable
Page 117 and 118: Deferred tax assets and liabilities
Page 119 and 120: 18 Non-Distributable Reserves (a) T
Page 121 and 122: 19 Revenue Reserves (a) The Group 2
Page 123 and 124: (c) The interim dividend paid in sp
Page 125 and 126: 23 Debts Issued The Group The Bank
Page 127 and 128: (b) Included in other government tr
Page 129 and 130: (c) Total gross trade bills and adv
Page 131 and 132: 29 Other Assets The Group The Bank
Page 133 and 134: 32 Investments in Subsidiaries (a)
Page 135 and 136: 33 Movements in the Provisions for
Page 137 and 138: 34 Fixed Assets (a) The Group 2002
Page 139 and 140: (e) Certain freehold and leasehold
Page 141 and 142: 39 Derivative Financial Instruments
Page 143 and 144: (c) Derivative financial instrument
Page 145 and 146: The Group - 2001 Individual Institu
Page 147 and 148: (b) Secondary Reporting Format - Ge
Page 149 and 150: Discussions on the main financial r
Page 151 and 152: The Group - 2002 Hong Singapore US
Page 153 and 154: Other foreign exchange exposures of
Page 155 and 156: The Group - 2002 Non- Over 7 Over O
Page 157 and 158:
The Group - 2001 Non- Over 7 Over O
Page 159 and 160:
The Group - 2002 Over 7 Over Over O
Page 161 and 162:
The Group - 2001 Over 7 Over Over O
Page 163 and 164:
Where quoted and observable market
Page 165 and 166:
Percentage of Paid-Up Capital Held
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Investor Reference Financial Highli
Page 173 and 174:
1998 1997 1996 1995 1994 1993 1992
Page 175 and 176:
1998 1997 1996 1995 1994 1993 1992
Page 177 and 178:
Statistics of Shareholdings as at 1
Page 179 and 180:
Changes in Share Capital The follow
Page 181 and 182:
Our International Network Banking S
Page 183 and 184:
United Overseas Bank (Malaysia) Bhd
Page 185 and 186:
UOB Venture Management (Shanghai) C
Page 187 and 188:
Notes to Resolutions 4, 6, 7, 8, 9,
Page 189:
Notes: 1 Please insert the number o
show all

UOB Annual Report 2002 - United Overseas Bank

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?