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navigate_nextFinancial Informationnavigate_nextAudited Financial Statementsnavigate_nextFor 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.
