UOB Annual Report 2002 - United Overseas Bank

The Bank
2001
Non-
Share Share Distributable Revenue
Note Capital Premium Reserves Reserves Total
$’000 $’000 $’000 $’000 $’000
Balance at 1 January 2001
As previously reported 1,052,451 783,488 1,460,184 1,864,546 5,160,669
Prior year adjustments resulting from
adoption of revised SAS 12 19 – – – 42,710 42,710
As restated 1,052,451 783,488 1,460,184 1,907,256 5,203,379
Net profit for the financial year
attributable to members – – – 746,639 746,639
Differences arising from currency
translation of financial statements
of foreign branches 18 – – (2,629) – (2,629)
Total recognised gains/(losses)
for the financial year – – (2,629) 746,639 744,010
Transfer to statutory reserves 18,19 – – 187,000 (187,000) –
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 OUB 16,18 518,281 – 4,431,679 – 4,949,960
Balance at 31 December 2001 1,571,109 786,192 6,076,234 2,148,951 10,582,486
Analyses of the movements in each component within ‘Share Capital’, ‘Share Premium’, ‘Non-Distributable Reserves’ and ‘Revenue
Reserves’ are presented in Notes 16, 17, 18 and 19 respectively.
The accompanying notes form an integral part of these financial statements. The Auditors’ Report is on page 90.
UNITED OVERSEAS BANK 97