UOB Annual Report 2002 - United Overseas Bank

Notes to the Financial Statements
for the financial year ended 31 December 2002
33 Movements in the Provisions for Diminution in Value of Investments and Other Assets (continued)
(b) The Bank
Singapore Other
Government Government
Treasury Bills Treasury Investments Investments
and Bills and Dealing Other Investment in in Fixed
Securities Securities Securities Assets Securities Associates Subsidiaries Assets Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
2002
At 1 January 22,476 3 6,875 83,625 9,491 2,960 185,736 2,417 313,583
Currency
translation
differences – – (138) (310) (1,115) – (325) (72) (1,960)
Charge/
(write-back)
to income
statement (22,476) 1 15,891 (19,645) 43,561 (170) 156,907 12,624 186,693
Transfer from
subsidiaries
upon merger – – – 1,000 16,437 574 – 1,928 19,939
At 31 December – 4 22,628 64,670 68,374 3,364 342,318 16,897 518,255
2001
At 1 January – 565 18,600 49,488 4,291 20,084 207,848 2,557 303,433
Currency
translation
differences – (8) 693 103 292 (22) 1,668 50 2,776
Write-off
against
provisions – – – (24) – – (10,745) – (10,769)
Charge/
(write-back)
to income
statement 22,476 (554) (12,418) 34,058 4,908 (17,102) (13,035) (190) 18,143
At 31 December 22,476 3 6,875 83,625 9,491 2,960 185,736 2,417 313,583
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