UOB Annual Report 2002 - United Overseas Bank

Notes to the Financial Statements
for the financial year ended 31 December 2002
27 Placements and Balances with Banks and Agents (continued)
(b) Included in placements and balances with banks and agents are:
The Group
The Bank
2002 2001 2002 2001
$'000 $'000 $'000 $'000
Negotiable certificates of deposit, floating rate
certificates of deposit and other similar instruments 1,956,618 1,456,200 1,516,029 810,315
Government securities bought under reverse
repurchase agreements 383,393 189,232 383,393 189,232
2,340,011 1,645,432 1,899,422 999,547
28 Trade Bills and Advances to Customers
(a)
The Group
The Bank
2002 2001 2002 2001
$'000 $'000 $'000 $'000
Gross trade bills 1,061,210 1,204,164 139,405 62,280
Specific provisions (10,180) – – –
1,051,030 1,204,164 139,405 62,280
Gross advances to customers 61,277,545 63,006,762 52,521,429 24,382,913
Specific provisions (1,726,403) (1,613,974) (1,326,679) (342,551)
Interest-in-suspense (293,152) (270,356) (146,615) (68,668)
General provisions (1,425,013) (1,434,502) (1,231,305) (538,133)
57,832,977 59,687,930 49,816,830 23,433,561
Total gross trade bills and advances to customers 62,338,755 64,210,926 52,660,834 24,445,193
(b)
Total gross trade bills and advances to customers analysed by maturity period:
The Group
The Bank
2002 2001 2002 2001
$'000 $'000 $'000 $'000
Within 1 year 29,393,922 27,723,225 23,986,707 11,148,964
Over 1 year but within 3 years 10,045,408 10,411,987 9,471,390 4,161,913
Over 3 years but within 5 years 6,626,850 7,303,078 6,030,506 2,946,549
Over 5 years 16,272,575 18,772,636 13,172,231 6,187,767
62,338,755 64,210,926 52,660,834 24,445,193
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