Notes to and forming part of the Unconsolidated Financial Statements

For the year ended December 31, 2018

2018 2017
Cost / Provision Cost / Provision
Surplus / Surplus /
Amortised for Carrying Value Amortised for Carrying Value
(Deficit) (Deficit)
cost diminution cost diminution
9.2 Investments by segment ------------------------------------------------------------------------ (Rupees in '000) ------------------------------------------------------------------------

Federal Government Securities

Market Treasury Bills 239,808,559 - (21,486) 239,787,073 407,020,255 - (1,471) 407,018,784
Pakistan Investment Bonds 410,287,002 - (14,261,303) 396,025,699 541,909,365 - 6,286,218 548,195,583
Government of Pakistan Sukuk 15,864,559 (61,108) (176,154) 15,627,297 19,102,273 - 56,993 19,159,266
Government of Pakistan Eurobonds 25,987,826 (331,670) (701,525) 24,954,631 20,166,318 - 538,229 20,704,547
Bai Muajjal Government of Pakistan 8,300,566 - - 8,300,566 - - - -
700,248,512 (392,778) (15,160,468) 684,695,266 988,198,211 - 6,879,969 995,078,180
Ordinary shares
Listed companies 18,018,211 (3,047,963) 1,747,978 16,718,226 18,362,304 (1,824,076) 1,780,418 18,318,646
Unlisted companies 753,562 (121,751) - 631,811 258,507 (128,508) - 129,999
18,771,773 (3,169,714) 1,747,978 17,350,037 18,620,811 (1,952,584) 1,780,418 18,448,645

Preference shares 482,687 (446,023) - 36,664 391,315 (354,688) - 36,627

Investment in REIT 458,590 - 41,273 499,863 458,590 - - 458,590

Non-Government Debt Securities

Listed companies 3,493,655 (97,278) (891) 3,395,486 3,494,089 (98,408) 4,479 3,400,160
Unlisted companies 15,500,199 (121,830) - 15,378,369 14,316,257 (161,603) - 14,154,654
18,993,854 (219,108) (891) 18,773,855 17,810,346 (260,011) 4,479 17,554,814
Foreign Securities
Market Treasury Bills 2,885,435 - - 2,885,435 6,601,781 - - 6,601,781
Sovereign bonds 49,540,283 (549,535) (459,301) 48,531,447 35,296,899 (2,107) 789,539 36,084,331
CDC SAARC Fund 302 - - 302 240 - - 240
Recovery note 428,008 (427,992) - 16 340,333 (340,333) - -
Other Bonds 8,495,165 (393,868) (110,867) 7,990,430 11,730,232 (239,524) 130,632 11,621,340
61,349,193 (1,371,395) (570,168) 59,407,630 53,969,485 (581,964) 920,171 54,307,692
Associates
UBL Liquidity Plus Fund - - - - 10,079 - - 10,079
UBL Money Market Fund - - - - 9,850 - - 9,850
Al Ameen Islamic Asset Allocation Fund - - - - 216,000 - - 216,000
Al Ameen Islamic Financial Planning Fund - - - - 301,751 - - 301,751
UBL Insurers Limited 240,000 - - 240,000 240,000 - - 240,000
Khushhali Bank Limited 832,485 - - 832,485 832,485 - - 832,485
Oman United Exchange Company,
Muscat 15,998 (51) - 15,947 14,152 - - 14,152
DHA Cogen Limited - - - - - - - -
1,088,483 (51) - 1,088,432 1,624,317 - - 1,624,317
Subsidiaries
United National Bank Limited (UBL UK) 2,855,223 - - 2,855,223 2,855,223 - - 2,855,223
UBL (Switzerland) AG 589,837 - - 589,837 589,837 - - 589,837
UBL Fund Managers Limited 100,000 - - 100,000 100,000 - - 100,000
UBL Bank (Tanzania) Limited 1,831,006 (882,587) - 948,419 1,322,014 (619,413) - 702,601
United Executors and Trustees
Company Limited 30,100 - - 30,100 30,100 - - 30,100
5,406,166 (882,587) - 4,523,579 4,897,174 (619,413) - 4,277,761

Total Investments 806,799,258 (6,481,656) (13,942,276) 786,375,326 1,085,970,249 (3,768,660) 9,585,037 1,091,786,626

Annual Report 2018 93