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UOB Annual Report 2002 - United Overseas Bank

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Statement of Changes in Equity<br />

for the financial year ended 31 December <strong>2002</strong><br />

The <strong>Bank</strong><br />

<strong>2002</strong><br />

Non-<br />

Share Share Distributable Revenue<br />

Note Capital Premium Reserves Reserves Total<br />

$’000 $’000 $’000 $’000 $’000<br />

Balance at 1 January <strong>2002</strong><br />

As previously reported 1,571,109 786,192 6,076,234 2,106,241 10,539,776<br />

Prior year adjustments resulting from<br />

adoption of revised SAS 12 19 – – – 42,710 42,710<br />

As restated 1,571,109 786,192 6,076,234 2,148,951 10,582,486<br />

Net profit for the financial year<br />

attributable to members – – – 1,432,026 1,432,026<br />

Differences arising from currency<br />

translation of financial statements<br />

of foreign branches 18 – – (15,601) – (15,601)<br />

Total recognised gains/(losses)<br />

for the financial year – – (15,601) 1,432,026 1,416,425<br />

Transfer to statutory reserves 18,19 – – 741,193 (741,193) –<br />

Transfer from capital reserves 18,19 – – (1,000,109) 1,000,109 –<br />

Dividends 19 – – – (720,348) (720,348)<br />

Issue of shares to option holders<br />

who exercised their rights 16,17 494 5,041 – – 5,535<br />

Balance at 31 December <strong>2002</strong> 1,571,603 791,233 5,801,717 3,119,545 11,284,098<br />

96

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