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ACLEDA Bank Lao Ltd.

 »  Financial Information  »  Audited Financial Statements  »  For the year ended 2016

Audited Financial Statements

Balance Sheet

As at December 31, 2016

  2016
LAK
2015
LAK
ASSETS
Cash and amounts due from other banks 218.177.404.369 254.190.014.767
Statutory deposits with Bank of Lao P.D.R 20.068.620.998 22.097.001.198
Loans and advances to customers 964.317.071.309 791.502.218.324
Intangible assets 9.868.033.182 8.798.686.428
Property and equipment 22.821.128.862 26.214.726.877
Other assets 21.210.454.429 19.454.171.341
TOTAL ASSETS 1.256.462.713.149 1.122.256.818.935
LIABILITIES AND EQUITY
LIABILITIES
Amounts due to other banks 80.315.013.097 15.001.000.008
Amounts due to customers 629.175.195.766 686.483.029.400
Borrowings 196.569.170.801 106.683.685.087
Other liabilities 54.823.445.266 51.578.050.423
TOTAL LIABILITIES 960.882.824.930 859.745.764.918
EQUITY
Paid-up capital 300.000.000.000 300.000.000.000
Deficit (4.420.111.781) (37.488.945.983)
TOTAL EQUITY 295.579.888.219 262.511.054.017
TOTAL EQUITY AND LIABILITES 1.256.462.713.149 1.122.256.818.935

Statement of Income

For the year ended December 31, 2016

  2016
LAK
2015
LAK
Interest income 130.281.504.735 121.463.478.532
Interest expense (55.903.338.000) (59.719.933.648)
NET INTEREST INCOME 74.378.166.735 61.743.544.884
Fee and commission income 52.133.762.027 29.459.422.227
Fee and commission expense (3.182.310.157) (2.363.237.310)
NET FEE AND COMMISSION INCOME 48.951.451.870 27.096.184.917
Net gain from foreign currencies 1.469.083.929 935.104.924
Other income 25.396.612.578 10.252.126.853
OTHER INCOME 26.865.696.507 11.187.231.778
Payroll and other staff costs (65.850.487.749) (56.807.842.113)
General and administrative expenses (30.422.965.468) (28.991.588.134)
Depreciation and amortisation charges (11.656.331.107) (11.029.958.389)
TOTAL EXPENSES (107.929.784.324) (96.829.388.636)
NET OPERATING PROFIT 42.265.530.788 3.197.572.943
Provision for loan losses (24.286.756.663) (43.378.760.935)
Reversal of provision for loan losses 15.591.390.274 27.217.864.774
Net provision for loan losses (8.695.366.389) (16.160.896.161)
PROFIT/(LOSS) BEFORE INCOME TAX 33.570.164.399 (12.963.323.218)
Income tax expense (501.330.197) -
PROFIT/(LOSS) FOR THE YEAR 33.068.834.202 (12.963.323.218)

Note: You may find more detailed reports in our Annual Reports.

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