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navigate_nextFinancial Informationnavigate_nextAudited Financial Statementsnavigate_nextFor 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.
