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ACLEDA Bank Lao Ltd.

 »  Financial Information  »  Audited Financial Statements  »  For the year ended 2017

Audited Financial Statements

Statement of Financial Position

For the year ended December 31, 2017

  2017
LAK
2016
LAK
ASSETS
Cash and amounts due from other banks 209.954.999.424 218.177.404.369
Statutory deposits with Bank of Lao P.D.R 18.051.502.440 20.068.620.998
Loans and advances to customers 1.036.144.865.707 964.317.071.309
Intangible assets 6.626.964.612 9.868.033.182
Property and equipment 29.319.066.638 22.821.128.862
Other assets 19.703.210.166 21.210.454.429
TOTAL ASSETS 1.319.800.608.987 1.256.462.713.149
LIABILITIES AND EQUITY
LIABILITIES
Deposits from other banks 118.083.009.789 80.315.013.097
Deposits from customers 637.306.476.005 629.175.195.766
Borrowings 188.437.370.957 196.569.170.801
Other liabilities 50.937.721.324 54.823.445.266
TOTAL LIABILITIES 994.764.578.075 960.882.824.930
EQUITY
Paid-up capital 300.000.000.000 300.000.000.000
Accumulated earnings/(deficit) 22.532.427.821 (4.420.111.781)
Legal reserves 2.503.603.091 -
TOTAL EQUITY 325.036.030.912 295.579.888.219
TOTAL EQUITY AND LIABILITES 1.319.800.608.987 1.256.462.713.149

Income Statement

As at December 31, 2017

  2017
LAK
2016
LAK
Interest income 142.251.783.958 130.281.504.735
Interest expense (55.233.818.220) (55.903.338.000)
NET INTEREST INCOME 87.017.965.738 74.378.166.735
Fee and commission income 55.358.852.491 52.133.762.027
Fee and commission expense (2.169.487.385) (3.182.310.157)
NET FEE AND COMMISSION INCOME 53.189.365.106 48.951.451.870
Net gain from foreign currencies 2.342.589.948 1.469.083.929
Other income 10.723.047.100 25.396.612.578
OTHER INCOME 13.065.637.048 26.865.696.507
Payroll and other staff costs (60.733.449.532) (65.850.487.749)
General and administrative expenses (29.597.440.805) (30.422.965.468)
Depreciation and amortisation charges (12.858.312.821) (11.656.331.107)
TOTAL EXPENSES (103.189.203.158) (107.929.784.324)
NET OPERATING PROFIT 50.083.764.734 42.265.530.788
Provision for loan losses (18.474.943.697) (24.286.756.663)
Reversal of provision for loan losses 10.843.432.745 15.591.390.274
Net provision for loan losses (7.631.510.952) (8.695.366.389)
PROFIT BEFORE INCOME TAX 42.452.253.782 33.570.164.399
Income tax expense (12.996.111.089) (501.330.197)
PROFIT/(LOSS) FOR THE YEAR 29.456.142.693 33.068.834.202

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

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