UOB Annual Report 2002 - United Overseas Bank

The Group
2001
Non-
Share of
Share Share Distributable Revenue Reserves of
Note Capital Premium Reserves Reserves Associates Total
$'000 $'000 $'000 $'000 $'000 $'000
Balance at 1 January 2001
As previously reported 1,052,451 783,488 1,820,477 2,792,288 519,469 6,968,173
Prior year adjustments
resulting from adoption
of revised SAS 12 19 – – – 63,133 – 63,133
As restated 1,052,451 783,488 1,820,477 2,855,421 519,469 7,031,306
Net profit for the financial year
attributable to members – – – 924,579 – 924,579
Differences arising from currency
translation of financial statements
of foreign branches and subsidiaries 18 – – 92,741 – – 92,741
Group’s share of reserves of
associates 20 – – – – 17,885 17,885
Total recognised gains/(losses)
for the financial year – – 92,741 924,579 17,885 1,035,205
Net transfer from revenue reserves 18,19 – – 220,148 (220,148) – –
Transfer from revenue reserves
due to bonus shares issued
by subsidiary 18,19 – – 57,796 (57,796) – –
Goodwill, previously eliminated
against reserves on acquisition,
reinstated on disposal of subsidiary 19 – – – 15,231 – 15,231
Dividends 19 – – – (317,944) – (317,944)
Issue of shares to option holders
who exercised their rights 16,17 377 2,704 – – – 3,081
Issue of shares as part
consideration for the
acquisition of
Overseas Union
Bank Limited (“OUB”) 16,18 518,281 – 4,431,679 – – 4,949,960
Balance at 31 December 2001 1,571,109 786,192 6,622,841 3,199,343 537,354 12,716,839
Analyses of the movements in each component within ‘Share Capital’, ‘Share Premium’, ‘Non-Distributable Reserves’, ‘Revenue
Reserves’ and ‘Share of Reserves of Associates’ are presented in Notes 16, 17, 18, 19 and 20 respectively.
The accompanying notes form an integral part of these financial statements. The Auditors’ Report is on page 90.
UNITED OVERSEAS BANK 95