Reviewed Financial Results for the Quarter ended 30th June, 2006

(Amount in lakhs)

Particulars

Quarter Ended
30.06.2006

Quarter Ended
30.06.2005

Year Ended
31.03.2006

(Reviewed)

(Reviewed)

(Audited)
I. Interest earned (a)+(b)+(c)+(d)

122303

100102

435458
(a) Interest/discount on advances / bills

78639

58203

263110
(b) Income on investments

38639

38287

155717
(c) Interest on balances with Reserve Bank of India and other inter-bank funds

4268

3053

12483
(d) Others

757

559

4148
2. Other Income

11251

8333

46373
A. TOTAL INCOME(1+2)

133554

108435

481831
3. Interest Expended

81502

62212

278884
4. Operating Expenses (e) + (f)

28682

28117

117737
(e) Payments to and provisions for employees

20280

21723

87994
(f) Other operating expenses

8402

6394

29743
B. TOTAL EXPENDITURE (3+4)

110184

90329

396621
(excluding Provisions and Contingencies)      
C. OPERATING PROFIT (A-B)

23370

18106

85210
(Profit before Provisions and Contingencies)      
D. Provisions and Contingencies

16487

12795

64166
( Of which provisions for Non-performing assets)

7480

-3342

18367
E. Provision for taxes

732

810

1379
…of which provisions for Fringe Benefit Tax (FBT)

52

115

281
F. Net Profit(C-D-E)

6151

4501

19665
5. Paid -up equity share capital

79936

79936

79936
6. Reserves excluding revaluation reserves

118777

98899

118777
(As per balance sheet of previous accounting year)      
7. Analytical Ratios      
(I) Percentage of shares held by Govt. of India

74.98

74.98

74.98
(ii) Capital Adequacy Ratio

11.91%

10.53%

11.12%
(iii) Earning per share (in Rs.) (not annualised)

0.77

0.56

2.46
(iv) (a) Amount of gross non- performing assets

126738

136160

123474
(b) Amount of net non-performing assets

76327

83632

78598
(c) % of gross NPA to gross Advances

3.42

4.75

3.27
(d) % of net NPA to net Advances

2.09

2.97

2.1
(v) Return on Assets (Annualised)

0.39%

0.34%

0.34%
8. Aggregate of Non-Promoter Shareholding      
Number of shares ( in lakhs)

2000

2000

2000
Percentage of shareholding

25.02

25.02

25.02

   

SEGMENT REPORTING

(Rs.in crores)

PART-A BUSINESS SEGMENTS
   TREASURY OPERATIONS

OTHER BANKING
OPERATIONS

TOTAL
  

Quarter ended
30.06.06

Quarter ended
30.06.05

Year ended
31.03.06

Quarter ended
30.06.06

Quarter ended
30.06.05

Year ended 31.03.06

Quarter ended
30.06.06

Quarter
ended
30.06.05

Year ended
31.03.06
Revenue

456.14

435.59

1799.18

878.73

648.44

3014.74

1334.87

1084.03

4813.92
Result

51.19

99.33

518.82

193.35

90.44

371.92

244.54

189.77

890.74
Unallocated Expenses (Net)            

10.84

8.71

38.64
Operating Profit

233.7

181.06

852.1
Income Taxes (including FBT)

7.32

8.1

13.79
Provisions & Contingencies

164.87

127.95

641.66
Net Profit

61.51

45.01

196.65
OTHER INFORMATION                   
Segment Assets

26506.04

23412.4

23191.9

37364.86

28900.31

38036..09

63870.9

52312.71

61227.99
Unallocated Assets    

626.63

408.73

611.41
Total Assets

64497.53

52721.44

61839.4
Segment Liabilities 26544.77

22769.22

23293.16

35419.99

27842.8

36083.71

61964.76

50612.02

59376.87
Unallocated Liabilities            

473.18

278.79

475.40
Total

62437.94

50890.81

59852.27
Capital & Reserves

2059.59

1830.63

1987.13
Total Liabilities 

64497.53

52721.44

61839.40

 

PART-B GEOGRAPHICAL SEGMENTS

(Rs. in Crores)

PARTICULARS

DOMESTIC

INTERNATIONAL

TOTAL
  

Quarter ended
30.06.06

Quarter ended
30.06.05

Year
ended
31.03.06

Quarter ended
30.06.06

Quarter ended
30.06.05

Year
ended 31.03.06

Quarter ended
30.06.06

Quarter
ended
30.06.05

Year ended 31.03.06

REVENUE

1280.47

1048.91

4637.91

55.07

35.44

180.40

1335.54

1084.35

4818.31

ASSETS

60999.54

49836.14

58394.61

3497.99

2885.30

3444.79

64497.53

52721.44

61839.40

  

Notes:
  1. The working results for the Quarter ended 30.06.06 have been arrived at after considering the provision for non-performing assets, standard assets and investment depreciation on the basis of prudential norms issued by the Reserve Bank of India. In respect of income tax, fringe benefit tax, pension, gratuity, leave encashment etc. necessary provisions have been made on an estimated and proportionate basis. Additional liability on account of employee benefits as per the revised Accounting Standard 15 issued by the Institute of Chartered Accountants of India (ICAI) is yet to be ascertained.
      
  2. Reconciliation of outstanding entries in Suspense Accounts and Inter Branch/Office accounts is in progress. The impact of such reconciliation on the accounts will not be material.
      
  3. Consequent upon transfer of certain Government Securities from Available for Sale Category to Held to Maturity Category as permitted by RBI, depreciation amounting to Rs. 50.93 crores (166.29 crores) has been charged to Profit & Loss Account during this quarter.
      
  4. There has been no change in the Accounting Policies adopted during the Quarter ended 30.06.06 to those followed in the previous year.
      
  5. The above results for the quarter ended 30.06.06 have been subjected to review by the Auditors of the Bank.
      
  6. The above results have been taken on record by the Board at its meeting held on 29th July, 2006.
      
  7. The previous period figures have been regrouped /rearranged wherever necessary.
      
  8. Number of Investor Complaints:
    Outstanding at the beginning of the quarter – Nil ; Received during the quarter – 88 ; Disposed off during the quarter – 88 ; Lying unresolved as at the end of the quarter – Nil.

    

   

For UCO BANK
Place : Kolkata
Date : 29.07.2006		 S.A.Bhatt
Executive Director

(V.Sridhar)
Chairman & Managing Director

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