UOB Annual Report 2002 - United Overseas Bank

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Changes in Share Capital 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 26-6-1992 – Warrants issued in connection with the 5% Unsecured Bond 1992/1997 573,298,969 – 23,723,629 71,542,884 17-7-1992 893,597 Exercise of Warrants 1994 574,192,566 893,597 22,830,032 71,542,884 to 31-12-1992 808,926 Exercise of Warrants 1997 575,001,492 808,926 22,830,032 70,733,958 33,000 Exercise of Executives’ Share Options 575,034,492 – 22,830,032 70,733,958 21-1-1993 8,530,904 Exercise of Warrants 1994 583,565,396 8,530,904 14,299,128 70,733,958 to 17-9-1993 550,762 Exercise of Warrants 1997 584,116,158 550,762 14,299,128 70,183,196 3,321,000 Exercise of Executives’ Share Options 587,437,158 – 14,299,128 70,183,196 28-9-1993 73,429,644 Bonus Issue of 1 for 8 660,866,802 – – 78,956,095 5-10-1993 1,891,445 Exercise of Warrants 1994 662,758,247 1,891,445 12,407,683 78,956,095 to 31-12-1993 181,105 Exercise of Warrants 1997 662,939,352 181,105 12,407,683 78,774,990 147,000 Exercise of Executives’ Share Options 663,086,352 – 12,407,683 78,774,990 13-1-1994 3,100,493 Exercise of Warrants 1994 666,186,845 3,100,493 9,307,190 78,774,990 to 9-6-1994 1,460,531 Exercise of Warrants 1997 667,647,376 1,460,531 9,307,190 77,314,459 1,654,000 Exercise of Executives’ Share Options 669,301,376 – 9,307,190 77,314,459 28-6-1994 66,915,064 Rights Issue of 1 for 10 at $3.50 per share (local) and $4.12 per share (foreign) 736,216,440 – 9,307,190 82,034,979 30-6-1994 8,952,267 Exercise of Warrants 1994 745,168,707 8,952,267 354,923 82,034,979 to 31-12-1994 3,612,759 Exercise of Warrants 1997 748,781,466 3,612,759 – 78,422,220 166,000 Exercise of Executives’ Share Options 748,947,466 – – 78,422,220 16-1-1995 9,027,269 Exercise of Warrants 1997 757,974,735 9,027,269 – 69,394,951 to 12-5-1995 1,497,000 Exercise of Executives’ Share Options 759,471,735 – – 69,394,951 3-6-1995 151,894,347 Bonus Issue of 1 for 5 911,366,082 – – 83,273,941 3-7-1995 247,950 Exercise of Warrants 1997 911,614,032 247,950 – 83,025,991 to 29-12-1995 44,000 Exercise of Executives’ Share Options 911,658,032 – – 83,025,991 15-1-1996 28,081,987 Exercise of Warrants 1997 939,740,019 28,081,987 – 54,944,004 to 31-12-1996 326,000 Exercise of Executives’ Share Options 940,066,019 – – 54,944,004 16-1-1997 54,465,975 Exercise of Warrants 1997 994,531,994 54,465,975 – 478,029 to 29-12-1997 171,000 Exercise of Executives’ Share Options 994,702,994 – – – 1-1-1998 33,000 Exercise of Executives’ Share Options 994,735,994 – – – to 15-1-1998 1-1-1999 4,625,000 Exercise of Executives’ Share Options 999,360,994 – – – to 11-11-1999 12-11-1999 52,322,837 Bonus Issue of 50 for 1,000 local shares and 56 for 1,000 foreign shares 1,051,683,831 – – – 13-11-1999 178,000 Exercise of Executives’ Share Options 1,051,861,831 – – – to 31-12-1999 4-1-2000 589,000 Exercise of Executives’ Share Options 1,052,450,831 – – – to 31-12-2000 3-1-2001 366,000 Exercise of Executives’ Share Options 1,052,816,831 – – – to 6-9-2001 20-9-2001 518,280,794 Acquisition of 100% of to 26-10-2001 Overseas Union Bank Limited 1,571,097,625 – – – 7-12-2001 11,000 Exercise of Executives’ Share Options 1,571,108,625 – – – to 31-12-2001 3-1-2002 494,000 Exercise of Executives’ Share Options 1,571,602,625 – – – to 31-12-2002 178
Our International Network Banking Services Singapore United Overseas Bank Limited 80 Raffles Place UOB Plaza Singapore 048624 Telephone: (65) 6533 9898 Facsimile: (65) 6534 2334 Telex: RS 21539 TYEHUA SWIFT: UOVBSGSG Website: www.uobgroup.com United Overseas Bank Limited has 59 branches in Singapore (including 2 OUB branches). Far Eastern Bank Limited (a subsidiary) 156 Cecil Street, #01-00 Far Eastern Bank Building Singapore 069544 Telephone: (65) 6221 9055 Facsimile: (65) 6224 2263 Telex: RS 23029 FEBANK Website: www.uobgroup.com Far Eastern Bank Limited has 3 branches in Singapore. Australia UOB Sydney Branch United Overseas Bank Building Level 9, 32 Martin Place Sydney, NSW 2000 Telephone: (61)(2) 9221 1924 Facsimile: (61)(2) 9221 1541 Telex: AA 73507 TYHUA SWIFT: UOVBAU2S Email: UOB.Sydney@UOBgroup.com Regional Head, Australia & New Zealand: Peter Mackinlay General Manager: Kevin Yung Kin Man Brunei UOB Bandar Seri Begawan Branch RBA Plaza, Unit G5 Jalan Sultan Bandar Seri Begawan BS8811 Telephone: (673)(2) 225 477/ 222 210/220 380 Facsimile: (673)(2) 240 792 Cable: OVERSUNION BSB Telex: OUB BU 2256 Email: uobbsb@brunet.bn General Manager: Sia Kee Heng UOB Kuala Belait Branch Chinese Chamber of Commerce Building Ground Floor Lot 104, Jalan Bunga Raya Kuala Belait KA1131 Telephone: (673)(3) 331 889/341 012 Facsimile: (673)(3) 331 391 Email: uobkb@brunet.bn Branch Manager: Monica Suharju (Mrs) Canada UOB Vancouver Branch Vancouver Centre, Suite 310 650 West Georgia Street P O Box 11616 Vancouver, British Columbia Canada V6B 4N9 Telephone: (1)(604) 662 7055 Facsimile: (1)(604) 662 3356 Telex: 04-507520 TYEHUA VCR Email: UOB.Canada@UOBgroup.com General Manager: Koh Kok Jin China UOB Beijing Branch 2513, China World Trade Centre Tower 2 No. 1 Jian Guo Men Wai Avenue Beijing 100004 Telephone: (86)(10) 6505 1863 Facsimile: (86)(10) 6505 1862 Email: UOB.Beijing@UOBgroup.com General Manager: Anthony Liau Guan Siang UOB Guangzhou Branch Guangzhou Aether Square, Unit 205 986 Jie Fang Bei Road Guangdong Province Guangzhou 510040 Telephone: (86)(20) 8667 6029 Facsimile: (86)(20) 8667 0779 Telex: 440931 UOBGZ CN Email: UOB.Guangzhou@UOBgroup.com General Manager: Freddy Lim Ah Tee UOB Shanghai Branch 2201 Jin Mao Tower 88 Century Boulevard Pudong New Area Shanghai 200121 Telephone: (86)(21) 5047 3688 Facsimile: (86)(21) 5047 8688 Telex: 33170 UOBSH CN SWIFT: UOVBCN22SHB Email: UOB.Shanghai@UOBgroup.com General Manager: Oh Eng Lock UOB Shenzhen Branch Di Wang Commercial Centre Shun Hing Square Unit 2, G2 Floor 5002 Shennan Road East Shenzhen 518008 Telephone: (86)(755) 8246 1298 Facsimile: (86)(755) 8246 3326 Telex: 420385 OUB SZ CN Email: UOB.Shenzhen@UOBgroup.com General Manager: Lim Tow Meng UNITED OVERSEAS BANK 179
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ANNUAL REPORT 2002 United for Growt
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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
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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
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(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 and 178: Statistics of Shareholdings as at 1
Page 179: Changes in Share Capital The follow
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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