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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Notes to the Financial Statements<br />
for the financial year ended 31 December <strong>2002</strong><br />
42 Segment Information<br />
(a) Primary <strong>Report</strong>ing Format – Business Segments<br />
The Group – <strong>2002</strong><br />
Individual Institutional Global Investment<br />
<strong>Bank</strong>ing <strong>Bank</strong>ing Treasury <strong>Bank</strong>ing Others Total<br />
$’000 $’000 $’000 $’000 $’000 $’000<br />
Income before operating expenses 979,637 1,237,471 452,160 97,768 312,209 3,079,245<br />
Less: Operating expenses 414,776 292,025 135,826 58,726 30,128 931,481<br />
Less: Provisions 151,142 303,135 (30,274) 22,292 5,187 451,482<br />
Segment profit before tax 1 413,719 642,311 346,608 16,750 276,894 1,696,282<br />
Unallocated corporate expenses (142,496)<br />
1,553,786<br />
Goodwill amortisation (195,554)<br />
Operating profit after goodwill<br />
amortisation and provisions 1,358,232<br />
Exceptional items (48,065)<br />
Share of profit of associates 123,403<br />
Profit before tax 1,433,570<br />
Tax and minority interests (369,370)<br />
Net profit for the financial year<br />
attributable to members 1,064,200<br />
Other information:<br />
Segment assets 2 21,639,614 39,002,623 37,599,853 2,643,047 1,546,563 102,431,700<br />
Investment in associates 1,274,245<br />
Goodwill 3,666,046<br />
Unallocated assets 97,430<br />
Total assets 107,469,421<br />
Gross customer loans 23,176,469 39,162,286 – – – 62,338,755<br />
Non-performing loans (“NPLs”) 1,681,801 3,933,580 – – – 5,615,381<br />
Specific provision and<br />
interest-in-suspense for<br />
NPLs (cumulative) 471,145 1,558,590 – – – 2,029,735<br />
Dealing securities (gross)<br />
Debt securities* – – 250,170 461,388 – 711,558<br />
Equity shares and unit trusts – – 2,761 113,377 – 116,138<br />
Non-dealing securities (gross)<br />
Debt securities* – 723,335 9,984,029 1,486,090 – 12,193,454<br />
Equity shares – – 9,610 1,270,082 – 1,279,692<br />
Segment liabilities 2 40,175,325 29,794,953 21,895,606 86,771 22,610 91,975,265<br />
Debts issued<br />
Asset backed commercial paper – – 852,411 – – 852,411<br />
Subordinated notes 1,294,399<br />
Provision for current and deferred tax 472,897<br />
Unallocated liabilities 72,176<br />
Total liabilities 94,667,148<br />
Capital expenditure 26,103 30,684 8,685 619 207,939 274,030<br />
Depreciation of fixed assets 18,275 20,177 4,985 990 70,109 114,536<br />
* Include government treasury bills and securities.<br />
142
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