UOB Annual Report 2002 - United Overseas Bank

(b)
Secondary Reporting Format – Geographical Segments
The Group’s activities can be analysed into the following geographical areas:
The Group
Income Before
Profit
Operating Expenses Before Tax Total Assets
2002 2001 2002 2001 2002 2001
$’000 $’000 $’000 $’000 $’000 $’000
Singapore (including Asian
Currency Units) 2,330,211 1,725,398 1,264,829 1,100,816 77,285,422 83,042,172
Malaysia 356,599 247,319 230,129 122,452 9,256,549 9,588,852
Other ASEAN countries 125,146 80,981 (25,164) (39,461) 3,220,872 4,008,776
481,745 328,300 204,965 82,991 12,477,421 13,597,628
Other Asia-Pacific countries 187,867 115,996 111,846 35,511 8,365,078 8,135,632
Rest of the world 79,422 54,397 47,484 26,050 5,675,454 5,336,011
3,079,245 2,224,091 1,629,124 1,245,368 103,803,375 110,111,443
Goodwill – – (195,554) (47,806) 3,666,046 3,776,651
3,079,245 2,224,091 1,433,570 1,197,562 107,469,421 113,888,094
With the exception of Singapore and Malaysia, no individual country contributed 10% or more of the Group’s total income
before operating expenses, total profit before tax or total assets.
The geographical segment information is based on the location where the assets and transactions are booked. It provides an
approximation to geographical segment information that is based on the location of customers and assets.
Geographical segment information is stated after elimination of inter-segment transactions.
UNITED OVERSEAS BANK 145