Financial Results 2012

Head Office : 10, B.T.M.Sarani, Kolkata - 700 001 | Website : www.ucobank.com

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2012

(Rs. in Lakh)
SL No. Particulars Quarter Ended Year Ended
30.06.2012 31.03.2012 30.06.2011 31.03.2012
(Reviewed) (Audited) (Reviewed) (Audited)
1 Interest Earned (a)+(b)+(c)+(d) 417457 396464 340146 1463237
    (a) Interest/discount on advances / bills 330315 310560 262970 1138296
    (b) Income on investments 84139 81969 74802 315635
    (c) Interest on balances with R.B.I & other inter-bank funds 2512 1565 1622 5472
    (d) Others 491 2370 752 3834
2 Other Income 23282 25199 27542 96555
3 Total Income (1+2) 440739 421663 367688 1559792
4 Interest Expended 313125 291405 259281 1073027
5 Operating Expenses (i) + (ii) 49572 57446 47231 205623
    (i) Employees Cost 33188 36891 33037 138306
    (ii) Other Operating Expenses 16384 20555 14194 67317
6 Total Expenditure (4+5)
(excluding Provisions and Contingencies)		 362697 348851 306512 1278650
7 Operating Profit
(Before Provisions and Contingencies) (3-6)		 78042 72812 61176 281142
8 Provisions (other than tax) and Contingencies 40887 45609 30974 166116
9 Exceptional Items 0 0 0 0
10 Profit(+)/Loss(-) from Ordinary Activities before tax (7-8-9) 37155 27203 30202 115026
11 Tax Expense 909 1919 949 4159
12 Net Profit(+)/Loss(-) from Ordinary Activities after tax (10-11) 36246 25284 29253 110867
13 Extraordinary items (net of tax expense) 0 0 0 0
14 Net Profit(+)/Loss (-) for the period (12-13) 36246 25284 29253 110867
15 Paid-up Equity Share Capital (Face Value Rs. 10/- each) 66471.22 66471.22 62751.75 66471.22
16 Reserves excluding Revaluation Reserves
(As per Balance Sheet of previous accounting year)		 563160 563160 451793 563160
17 Analytical Ratios        
   (i) Percentage of shares held by Govt. of India 65.19% 65.19% 68.13% 65.19%
  (ii) Capital Adequacy Ratio:  Basel-I 11.10% 11.03% 12.59% 11.03%
                                          Basel-II 12.33% 12.35% 13.51% 12.35%
  (iii) Earning Per Share (EPS) (in Rs.) (Not Annualised)        
        Basic and diluted EPS before Extraordinary items  (net of tax expense) for the period, for the year to date and for the previous year. 5.45 3.37 4.66 15.02
        Basic and diluted EPS after Extraordinary items  for the period, for the year to date and for the previous year. 5.45 3.37 4.66 15.02
  (iv) NPA Ratios        
      a) Gross NPA 462398 408620 336052 408620
      b) Net NPA 261381 226394 203959 226394
      c) % of Gross NPA 3.88% 3.48% 3.50% 3.48%
      d) % of Net NPA 2.23% 1.96% 2.15% 1.96%
      e) Return on Assets (Annualised) (%) 0.81% 0.59% 0.75% 0.69%
18 Public Shareholding        
   - No. of Shares  (in lakh) 2313.76 2313.76 2000.00 2313.76
   - Percentage of Shareholding 34.81% 34.81% 31.87% 34.81%
19 Promoters and Promoter Group Shareholding        
  a) Pledged/Encumbered Nil
       Number of Shares
       Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
       Percentage of Shares (as a % of the total share capital of the Company)
  b) Non-Encumbered        
       Number of Shares (in lakh) 4333.36 4333.36 4275.17 4333.36
       Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 100.00% 100.00% 100.00% 100.00%
       Percentage of Shares (as a % of the total share capital of the Company) 65.19% 65.19% 68.13% 65.19%

 

SEGMENT REPORTING AS ON 30TH JUNE, 2012

PART : A   BUSINESS SEGMENTS
(Rs. in Lakh)
Sl. No. Particulars Quarter Ended Year Ended
30.06.2012 31.03.2012 30.06.2011 31.03.2012
(Reviewed) (Audited) (Reviewed) (Audited)
1 Segment Revenue        
i) Treasury Operations 92213 90159 87916 354832
ii) Corporate/Wholesale Banking 258363 235893 210664 897798
iii) Retail Banking 88711 93787 67980 301850
iv) Other Banking Operations 1452 1824 1128 5312
Total Revenue 440739 421663 367688 1559792
           
2 Segment Results        
i) Treasury Operations 11031 12181 7510 36761
ii) Corporate/Wholesale Banking 14929 9075 13762 48909
iii) Retail Banking 9743 4123 7802 24044
iv) Other Banking Operations 1452 1824 1128 5312
Profit Before Tax 37155 27203 30202 115026
Provision for Tax 909 1919 949 4159
Net Profit 36246 25284 29253 110867
           
3 Segment Assets        
i) Treasury Operations 5872636 6128883 5234190 6128883
ii) Corporate/Wholesale Banking 9260520 9230348 7620346 9230348
iii) Retail Banking 2820873 2690609 2177609 2690609
iv) Other Banking Operations 0 0 0 0
Total Assets 17954029 18049840 15032145 18049840
           
4 Segment Liabilities        
i) Treasury Operations 5044985 5079985 4563564 5079985
ii) Corporate/Wholesale Banking 9894922 10042506 8141925 10042506
iii) Retail Banking 3014122 2927349 2326656 2927349
iv) Other Banking Operations 0 0 0 0
Total Liabilities 17954029 18049840 15032145 18049840

 

PART : B  GEOGRAPHICAL  SEGMENTS
(Rs. in Lakh)
  Particulars Quarter Ended Year Ended
30.06.2012 31.03.2012 30.06.2011 31.03.2012
(Reviewed) (Audited) (Reviewed) (Audited)
  Domestic        
  i) Revenue 430406 412874 361130 1529466
  ii) Assets 16422782 16735110 14071343 16735110
  International        
  i) Revenue 10333 8789 6558 30326
  ii) Assets 1531247 1314730 960802 1314730
  Global        
  i) Revenue 440739 421663 367688 1559792
  ii) Assets 17954029 18049840 15032145 18049840

NOTES

  1. The financial results for the quarter  ended 30.06.2012  have been subjected to limited review by the Statutory Central Auditors and have been approved by the Board of Directors at its meeting held on 04.08.2012.

  2. The Bank has followed the same accounting policies in preparation of these financial results as were followed in the annual financial statements for the year ended 31st March, 2012.

  3. Observation of Auditors
    "The consequential effect of below mentioned item (a) and (b) has not been ascertained. a) Accounting of income from commission earned on Letters of Credit and Guarantees issued, on cash basis, not being in accordance with Accounting Standard (AS)-9 on "Revenue Recognition". (b) Reconciliation/adjustment of pending outstanding entries in the Inter-Office and Inter-Bank transactions."

    Our Reply

    1. The impact of such recognition of above referred income on cash basis on accounts, which bank is consistently following, will not be material. (b) Reconciliation of outstanding entries in Suspense Accounts, Inter Branch /Office Accounts and accounts with RBI and accounts with other Banks have been completed upto 30.06.2012 and elimination of outstanding entries is in progress.

  4. The requisite provision for Non-Performing Assets / Non Performing Investments / Standard Assets / Diminution in Fair Value of Assets has been arrived at as per prudential norms / directives issued by Reserve Bank of India.

  5. Provision for Income Tax and Depreciation on Fixed Assets, have been made on an estimated and proportionate basis and are subject to adjustment, if any, at the year end. Deferred Tax Liability / Asset are being reckoned on annual basis.

  6. Provision has been made for Employee Benefits viz. pension, gratuity, leave encashment, LFC/LTC, sick leave etc. in terms of the Revised Accounting Standard (AS)-15 as notified by the Central Government on an estimated and proportionate basis. The provision charged to Profit & Loss Account includes Rs. 144.08 Crore (Rs. 107.70 Crore) towards current liability for the current quarter.

  7. As per RBI circular DBOD No. BP.BC.80/21.4.018/2010-11 Dated February 09, 2011 issued on reopening of Pension Option to employees of Public sector Banks and enhancement in Gratuity Limits.-Prudential Regulatory Treatment, bank is permitted to amortize, in five years with effect from 2010-11,a total sum of Rs. 800.35 Crore being the total liability, on account of one more option for pension to active staff and for enhancement of upper ceiling of gratuity under the Gratuity Act from Rs. 3.5 lakh to Rs. 10 lakh and accordingly a sum of Rs. 40.02 crore (Rs. 40.02 Crore) is charged to Profit & Loss Account for the current quarter ended 30.06.2012. Remaining unamortized liability stood at Rs. 440.19 Crore (Rs. 600.26 Crore) on 30.06.2012.

  8. The Bank has recognized, MAT Credit to the extent of Rs. 111.51 Crore (Rs. 80.18 Crore) for the current quarter as MAT Credit Entitlement under Section 115JAA of the Income Tax Act, 1961 and treated the same as an Asset.

  9. Number of Investor Complaints:- (i) Outstanding at the beginning of the quarter - Nil, (ii) Received during the quarter -331 (iii) Disposed of during the quarter -331 and Outstanding at the end of the quarter - Nil

  10. Figures of the previous periods have been regrouped / reclassified wherever necessary.

 
     
(S. Chandrasekharan)
Executive Director		 (N. R. Badrinarayanan)
Executive Director		 (Arun Kaul)
Chairman & Managing Director
     
Place: Kolkata
Date: 04.08.2012 		   

 

Go Top