MANAGEMENT

ACCOUNTING
CITY UNION BANK LTD
Indian Private sector bank

Founded in 1904

“Best Bank Award” at the Annual Banking Summit in 2020

The bank has an extensive network of branches

CUB has a strong commitment to social responsibility

Currently trading at 158-160 on NSE

Balance Sheet as on 31st March, 2022 As on 31/3/22 As on 31/3/21

CAPITAL AND LIABILITIES

Share Capital 73,95,85 73,88,22
Reserves and Surplus 6511,74,69 5768,59,40
Deposits 47689,66,98 44537,36,37
Borrowings 5311,82,36 1345,69,57
Other Liabilities and Provisions 1943,71,59 1586,14,75
Total 61530,91,47 53311,68,31

ASSETS
Cash and Balances with RBI 2965,09,68 2792,71,05
Balances with Banks & Money at Call and Short Notice 3721,83,31 2822,34,99
Investments 12221,22,47 9435,94,42
Advances 40358,46,82 36157,82,88
Fixed Assets 214,65,46 232,69,01
Other Assets 2049,63,73 1870,15,96
Total 61530,91,47 53311,68,31

Contingent Liabilities 9295,73,03 8191,54,23

Bills for Collection 409,01,82 372,62,32
Profit and Loss Account for the year ended 31/3/22 Year ended 31/3/22 Year ended 31/3/21

I. INCOME
Interest Earned 4104,77,85 4134,68,49
Other Income 759,08,44 688,76,66
Total 4863,86,29 4823,45,15

II. EXPENDITURE
Interest Expended 2188,29,05 2305,01,82
Operating Expenses 1080,26,14 1050,59,27
Provisions and Contingencies 835,14,59 875,01,78
Total 4103,69,78 4230,62,87

III. PROFIT/LOSS
Net Profit/ Loss for the given year 760,16,51 592,82,28
Profit/ Loss brought forward 61,45,45 57,93,59
Total 821,61,96 650,75,87
IV. APPROPRIATIONS
-Transfer to Statutory Reserve 200,00,00 150,00,00
-Transfer to Capital Reserve 4,25,73 104,86,03
-Transfer to General Reserve 405,00,00 220,00,00
-Investment Reserve Account 1,00,00 0
-Transfer to Special Reserve under IT Act, 1961 75,00,00 70,00,00
-Dividend Paid 36,94,11 36,86,60
-Dividend Tax Paid 0 7,57,79
-Balance carried over to Balance Sheet 99,42,12 61,45,45
Total 821,61,96 650,75,87
 31/3/2022 31/3/21 Change in Absolute Terms Change in %
1.SOURCES OF FUNDS
CShare Capital 739585 738822 763 0.10
aReserves and Surplus 65117469 57685940 7431529 12.88
Owner’s Funds 65857054 58424762 7432292 12.72
Less: Miscellaneous Expenditure -  - 
Net Worth 65857054 58424762 7432292 12.72

1.Loan Funds
Borrowings 53118236 13456957 39661279 294.73
Deposits 476896698 445373637 31523061 7.08
Liaibilties and Provision 19437159 15861475 3575684 22.54
Total Funds Available 549452093 474692069 74760024 15.75

A.Application of Funds
(a). Fixed Assets 2146546 2326901 -180355 -7.75
(b). Cash and Bank Balance
i) Cash Balance with RBI 29650968 27927105 1723863 6.17
ii) Balances with Banks & Money at Call & Short
Notice 37218331 28223499 8994832 31.87
(c). Investments 122212247 94359442 27852805 29.52
(d). Other financial assets 20496373 18701596 1794777 9.60
(e). Loans 403584682 361578288 42006394 11.62
Application Of Funds (B) 615309147 533116831 82192316 15.42
 31/3/2022 31/03/2021 Change in Absolute Terms Change in %
I. Interest Earned 41047785 41346849 -299064 -0.72
II. Less: Interest Expended 21882805 23050182 -1167377 -5.06
III. Gross Profit (I-II) 19164980 18296667 868313 4.75

Less: Operating Expenses

Payments to and Provision for Employees 5035951 4637185 398766 8.60

Rent, Taxes and Lighting 1256777 1587267 -330490 -20.82
Repairs and Maintenance 1072299 832690 239609 28.78
Other expenses 2587376 2574049 13327 0.52

IV. Total Operating Expenses 9952403 9631191 321212 3.34

V. Operating Profit (III - IV) 9212577 8665476 547101 6.31

Add: Other non-operating income 7590844 6887666 703178 10.21

V. Profit before tax and depreciation 16803421 15553142 1250279 8.04
Depreciation and amortization expense 850211 874736 -24525 -2.80
VI. Profit before tax 15953210 14678406 1274804 8.68

VII.Tax Expenses: 8351459 8750178 -398719 -4.56

VIII. Net Profit after tax 7601751 5928228 1673523 28.23

Highlights of Trend Analysis