UOB Annual Report 2002 - United Overseas Bank

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Statistics of Shareholdings as at 17 March 2003 Other Shareholdings Shareholdings in which Registered in Substantial the Name of Shareholders are Substantial Deemed to have Shareholders an Interest Total Interest Percentage Substantial Shareholders No. of Shares No. of Shares No. of Shares of Shares Lien Ying Chow 316,516 81,321,554 * 81,638,070 5.19 Lien Ying Chow (Pte) Ltd – 81,221,771 * 81,221,771 5.17 Wah Hin & Company (Pte) Ltd 65,621,771 15,600,000 81,221,771 5.17 Wee Cho Yaw 16,390,248 206,509,557 ** 222,899,805 14.18 Wee Ee Cheong 2,794,899 143,951,011 ** 146,745,910 9.34 Wee Ee Chao 141,164 114,602,696 ** 114,743,860 7.30 Wee Ee Lim 1,606,834 143,933,758 ** 145,540,592 9.26 Wee Investments Private Ltd 110,909,021 571,021 111,480,042 7.09 * Lien Ying Chow and Lien Ying Chow (Pte) Ltd are each deemed to have an interest in 81,221,771 shares held by Wah Hin & Company (Pte) Ltd. ** Wee Cho Yaw, Wee Ee Cheong, Wee Ee Chao and Wee Ee Lim are each deemed to have an interest in 111,480,042 shares held by Wee Investments Private Ltd. 176
Changes in Share Capital The following table sets out the changes in the issued share capital of the Bank from 11 July 1970 (when a public quotation was first obtained for the Bank's ordinary shares) to 31 December 2002: Resultant Resultant Resultant No. of Total Total No. Total No. Ordinary Issued Share No. of of Issued of Issued Shares Capital Warrants Warrants Warrants Date Issued Source of Increase ($) Converted 1994 1997 11-7-1970 2,500,000 Public Issue at par 25,000,000 – – – 6-4-1972 5,000,000 Bonus Issue of 1 for 5 30,000,000 – – – 29-4-1972 5,000,000 Rights Issue of 1 for 5 at par 35,000,000 – – – 17-12-1972 3,000,000 Placement in Hong Kong 38,000,000 – – – 12-4-1973 1,401,405 Acquisition of 54.6% of Lee Wah Bank Limited 39,401,405 – – – 23-5-1973 39,401,405 Rights Issue of 1 for 1 at par 78,802,810 – – – 30-7-1973 8,073,080 Acquisition of further 28.7% of Chung & 31-8-1973 Khiaw Bank Limited and remaining 45.4% of Lee Wah Bank Limited 86,875,890 – – – 21-8-1975 21,718,973 Rights Issue of 1 for 4 at $2.50 per share 108,594,863 – – – 13-11-1976 10,859,487 Bonus Issue of 1 for 10 119,454,350 – – – 13-12-1976 36,198,288 Rights Issue of 1 for 3 at $3.00 per share 155,652,638 – – – 12-5-1978 15,565,264 Bonus Issue of 1 for 10 171,217,902 – – – 24-1-1979 4,362,950 Share exchange pursuant to a takeover offer made to the shareholders of Singapore Finance Limited 175,580,852 – – – 27-2-1979 111,500 Share exchange pursuant to a takeover offer made to the shareholders of Singapore Finance Limited 175,692,352 – – – 19-10-1979 17,569,236 Bonus Issue of 1 for 10 193,261,588 – – – 12-5-1980 19,326,159 Bonus Issue of 1 for 10 212,587,747 – – – 6-11-1980 42,517,550 Rights Issue of 1 for 5 at $3.00 per share 255,105,297 – – – 12-12-1980 7,889,399 Conversion of Bonds 262,994,696 – – – to 12-8-1981 12-10-1981 65,748,674 Bonus Issue of 1 for 4 328,743,370 – – – 26-11-1981 65,748,674 Rights Issue of 1 for 4 at $3.00 per share 394,492,044 – – – 17-8-1987 38,156,025 Share exchange pursuant to a takeover to 22-10-1987 offer made to the shareholders of Industrial & Commercial Bank Limited 432,648,069 – – – 20-2-1988 15,230,903 Share exchange issued to Chung Khiaw Bank Limited shareholders pursuant to the scheme of arrangement dated 21 December 1987 447,878,972 – – – 27-5-1989 55,984,871 Bonus Issue of 1 for 8 503,863,843 – – – 6-12-1989 – Warrants issued in connection with the 1.5% Unsecured Loan Stock 1989/1994 503,863,843 – 41,988,653 – 30-12-1989 16,211 Exercise of Warrants 1994 503,880,054 16,211 41,972,442 – 13-1-1990 470,963 Exercise of Warrants 1994 504,351,017 470,963 41,501,479 – to 15-5-1990 28-5-1990 50,435,102 Bonus Issue of 1 for 10 554,786,119 – 41,501,479 – 8-6-1990 2,870,183 Exercise of Warrants 1994 557,656,302 2,870,183 38,631,296 – to 31-12-1990 15-1-1991 2,101,829 Exercise of Warrants 1994 559,758,131 2,101,829 36,529,467 – to 31-12-1991 308,000 Exercise of Executives’ Share Options 560,066,131 – 36,529,467 – 15-1-1992 12,805,838 Exercise of Warrants 1994 572,871,969 12,805,838 23,723,629 – to 26-6-1992 427,000 Exercise of Executives’ Share Options 573,298,969 – 23,723,629 – UNITED OVERSEAS BANK 177
Page 1 and 2:
ANNUAL REPORT 2002 United for Growt
Page 3 and 4:
Our Mission To be a premier bank in
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Performance in Brief Profit For The
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Profit growth was derived mainly fr
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Financial Highlights Group Assets 2
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Group Return On Average Shareholder
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Corporate Information Honorary Life
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Left to right: Koh Beng Seng, Ngiam
Page 17 and 18:
Left to right: Tan Kok Quan, Prof L
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Mr Francis Lee Chin Yong Managing D
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The Bank has a budget for directors
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independent and non-executive direc
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work of each of the banking subsidi
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Risk Management Credit and Country
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The composition of loans and advanc
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Group Non-Performing Loans (NPLs) a
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Group NPLs and Cumulative Provision
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Group Specific Provision by Region
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Collateral Types The majority of th
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Exposure to the Five Regional Count
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Cross-Border Exposure to the Five R
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Complementing the static analysis i
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Sources of Deposits The Group has a
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The VaR calculations are performed
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Group Daily VaR Distribution for 20
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As part of the Group's comprehensiv
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The celebratory light-up linking UO
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services so as to meet the increasi
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Our subsidiary, UOB Asset Managemen
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Grow our services In line with the
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exercise, achieved well ahead of th
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processes in place that will suppor
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Group Financial Review Review of Fi
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Group Profits The Group achieved a
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Analysis of Changes in Net Interest
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Cost Savings from Integration The G
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Overview of Balance Sheet Assets Mi
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Gross Customer Loans Analysed by Cu
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Capital Adequacy Ratios The Capital
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Directors’ Report for the financi
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In addition, the following subsidia
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Arrangements to Enable Directors to
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Ability to Meet Obligations No cont
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Share Options of the Bank (a) From
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(d) (e) (f) No options have been gr
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Statement by Directors for the fina
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Income Statements for the financial
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The Group The Bank Note 2002 2001 2
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The Group 2001 Non- Share of Share
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The Bank 2001 Non- Share Share Dist
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Notes to the Financial Statements f
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(e) Investments (i) Singapore Gover
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(k) Derivative Financial Instrument
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4 Interest Expense The Group The Ba
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(c) Equity Compensation Benefits Op
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11 Directors’ Fees and Other Remu
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14 Tax (a) The tax charge to the in
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2002 2001 Fair Value of Depreciable
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Deferred tax assets and liabilities
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18 Non-Distributable Reserves (a) T
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19 Revenue Reserves (a) The Group 2
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(c) The interim dividend paid in sp
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23 Debts Issued The Group The Bank
Page 127 and 128: (b) Included in other government tr
Page 129 and 130: (c) Total gross trade bills and adv
Page 131 and 132: 29 Other Assets The Group The Bank
Page 133 and 134: 32 Investments in Subsidiaries (a)
Page 135 and 136: 33 Movements in the Provisions for
Page 137 and 138: 34 Fixed Assets (a) The Group 2002
Page 139 and 140: (e) Certain freehold and leasehold
Page 141 and 142: 39 Derivative Financial Instruments
Page 143 and 144: (c) Derivative financial instrument
Page 145 and 146: The Group - 2001 Individual Institu
Page 147 and 148: (b) Secondary Reporting Format - Ge
Page 149 and 150: Discussions on the main financial r
Page 151 and 152: The Group - 2002 Hong Singapore US
Page 153 and 154: Other foreign exchange exposures of
Page 155 and 156: The Group - 2002 Non- Over 7 Over O
Page 157 and 158: The Group - 2001 Non- Over 7 Over O
Page 159 and 160: The Group - 2002 Over 7 Over Over O
Page 161 and 162: The Group - 2001 Over 7 Over Over O
Page 163 and 164: Where quoted and observable market
Page 165 and 166: Percentage of Paid-Up Capital Held
Page 171 and 172: Investor Reference Financial Highli
Page 173 and 174: 1998 1997 1996 1995 1994 1993 1992
Page 175 and 176: 1998 1997 1996 1995 1994 1993 1992
Page 177: Statistics of Shareholdings as at 1
Page 181 and 182: Our International Network Banking S
Page 183 and 184: United Overseas Bank (Malaysia) Bhd
Page 185 and 186: UOB Venture Management (Shanghai) C
Page 187 and 188: Notes to Resolutions 4, 6, 7, 8, 9,
Page 189: Notes: 1 Please insert the number o
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UOB Annual Report 2002 - United Overseas Bank

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