United Leasing

	JAN-MAR'12	JAN-MAR'11
.OPERATING INCOME
Interest income	325,000	267,501
Interest paid on deposites, borrowings, etc	(188,451)	(133,659)
Net interest income	137,016	133,842
Investment income	2,012	3,063
Commission, exchange and brokerage	-	-
Other operating income	5,752	38,344
Total operating income (A)	144,780	175,249
OPERATING EXPENSES
Salaries and allowances	31,564	23,377
Rent, taxes, insurance, electricity etc	7,467	6,918
Legal expenses	1,092	672
Postage, stamp,telecommunication etc.	1,189	892
Stationery, printing, advertisements etc	909	797
Managing director's salary and benifits	1,753	1,280
Directors' fees	39	28
Auditors fees	31	33
Charges on loan losses	-	-
Depriciation and repair of assets	9,280	5,541
Other expenses	4,630	5,534
Total operating expenses (B)	57,954	45,072
Profit before provision against lease, loans and advances (C=A-B)	86,826	130,177
Provision against lease, loans and investments	8,750	15,912
Provision for diminution in value of investments	-	-
Total provisions (D)	8,750	15,912
Operating profit before tax (C-D)	78,076	114,265
Non-operating income	-	212,660
Total profit before tax	78, 076	114,265
Provision for taxation	34,731	61,834
Net profit after tax	43,345	52,431
Appropriations
Statutory reserve	-	-
General reserve	-	-
Retained surplus	43,345	52,431
Earnings per share (EPS)	0.47	9.93
Restatement of EPS:
Considering outstanding no. of shares as on March 31, 2012	0.47	0.57
Considering outstanding no. of shares & excluding write-off collectionas on March 31, 2012	0.47	0.37
\| Details of 1st quarter financials \|