UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
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33 Movements in the Provisions for Diminution in Value of Investments and Other Assets<br />
(a) The Group<br />
Other<br />
Singapore Government<br />
Government Treasury<br />
Treasury Bills Bills and Dealing Other Investment Fixed<br />
and Securities Securities Securities Assets Securities Assets Total<br />
$’000 $’000 $’000 $’000 $’000 $’000 $’000<br />
<strong>2002</strong><br />
At 1 January 31,062 510 59,611 100,188 84,094 37,325 312,790<br />
Currency translation<br />
differences – (10) (182) (478) (2,502) (3) (3,175)<br />
Write-off against<br />
provisions – (139) (47,690) (325) (18,945) – (67,099)<br />
(Write-back)/charge<br />
to income statement (30,618) (357) 17,922 (22,729) 39,522 17,189 20,929<br />
Transfer from specific<br />
provisions and interestin-suspense<br />
for trade<br />
bills and advances<br />
to customers – – – – 9,135 – 9,135<br />
At 31 December 444 4 29,661 76,656 111,304 54,511 272,580<br />
2001<br />
At 1 January 3 879 20,089 57,946 15,655 36,236 130,808<br />
Currency translation<br />
differences – (6) 596 2,329 746 1,528 5,193<br />
Write-off against<br />
provisions – – (4,895) (154) (794) – (5,843)<br />
Charge/(write-back)<br />
to income statement 30,595 (660) (9,990) 34,820 5,941 2,051 62,757<br />
Transfer from specific<br />
provisions for trade<br />
bills and advances<br />
to customers – – – – 647 – 647<br />
Acquisition of OUB 19 297 52,780 7,954 62,981 – 124,031<br />
Disposal of subsidiaries – – (51) (2,707) – (2,490) (5,248)<br />
Transfer from life funds 445 – – – – – 445<br />
Reclassification – – 1,082 – (1,082) – –<br />
At 31 December 31,062 510 59,611 100,188 84,094 37,325 312,790<br />
UNITED OVERSEAS BANK 133
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