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navigate_nextFinancial Informationnavigate_nextAudited Financial Statementsnavigate_nextFor the year ended 2011
Audited Financial Statements
Balance Sheet
As at December 31, 2011
| 2011 LAK |
2010 LAK |
|
|---|---|---|
| ASSETS | ||
| Cash and Current accounts with the "BOL" | 89,876,039,564 | 163,495,595,173 |
| Cash on hand | 26,503,181,196 | 18,900,152,191 |
| Demand deposits | 63,372,858,368 | 144,595,442,982 |
| Amounts Due from other banks | 1,479,343,080 | 791,189,445 |
| Demand deposits | 1,479,343,080 | 791,189,445 |
| Investment in Securities | 43,190,420,000 | - |
| Available for sales | 43,190,420,000 | - |
| Loans and advances to customers, net of specific provision | 283,665,337,226 | 156,049,668,303 |
| Fixed Assets | 19,371,311,504 | 22,291,769,060 |
| Constructions in progress | 19,023,500 | - |
| Intangible fixed assets | 7,380,171,181 | 7,018,216,112 |
| Tangible fixed assets | 11,972,116,823 | 15,273,552,948 |
| Other Assets | 10,214,678,048 | 7,333,118,734 |
| Accrued interests | 4,510,952,744 | 1,839,906,432 |
| Account receivables | 181,122,926 | 116,213,014 |
| Others | 5,522,602,378 | 5,376,999,288 |
| TOTAL ASSETS | 447,797,129,422 | 349,961,340,715 |
| LIABILITIES AND CAPITAL | ||
| Amounts due to other banks | 37,144,906,997 | 17,001,000,005 |
| Demand deposits | 26,853,890 | 1,000,005 |
| Term deposits | 37,118,053,107 | 17,000,000,000 |
| Borrowing from other banks | - | - |
| Amounts due to customers | 206,152,727,861 | 143,362,111,000 |
| Demand deposits | 3,408,782,486 | 1,780,298,507 |
| Saving deposits | 92,400,409,700 | 43,307,956,415 |
| Term deposits | 110,343,535,675 | 98,273,856,078 |
| Other liabilities | 12,097,611,744 | 8,146,645,377 |
| Accrued interest | 2,565,676,356 | 2,871,367,700 |
| Tax payable | 365,249,475 | 136,502,500 |
| Other payables | 9,166,685,913 | 5,138,775,177 |
| TOTAL LIABILITIES | 255,395,246,602 | 168,509,756,382 |
| Capital and reserves | ||
| Paid-up capital | 220,000,000,000 | 220,000,000,000 |
| Regulatory reserve fund | 963,218,603 | - |
| General provision for credit activities | 2,846,591,577 | 1,528,479,118 |
| Retained earnings/(accumulated losses) | (31,407,927,360) | (40,076,894,785) |
| TOTAL CAPITAL | 192,401,882,820 | 181,451,584,333 |
| TOTAL LIABILITIES AND CAPITAL | 447,797,129,422 | 349,961,340,715 |
| OFF BALANCE SHEET ITEMS | ||
| Collaterals and Mortgages for loans | 1,336,214,405,460 | 1,265,314,782,525 |
| Collaterals and Mortgages for loans to other banks | - | - |
| Collaterals and Mortgages for loans to customers | 1,336,214,405,460 | 1,265,314,782,525 |
| COLLATERALS AND MORTGAGES | 1,336,214,405,460 | 1,265,314,782,525 |
Income Statement
For the year ended December 31, 2011
| 2011 LAK |
2010 LAK |
|
|---|---|---|
| OPERATING INCOME AND EXPENSES | ||
| Interest and similar income | 45,813,267,494 | 26,865,032,577 |
| Interest and similar income from interbank | 973,655 | - |
| Interest and similar income from customers | 45,812,293,839 | 26,865,032,577 |
| Interest and similar expense | (13,391,946,860) | (12,094,436,995) |
| Interest and similar expense for interbank | (1,447,879,721) | - |
| Interest and similar expense for customers | (11,944,067,139) | (12,094,436,995) |
| NET INTEREST AND SIMILAR INCOME | 32,421,320,634 | 14,770,595,582 |
| Fee and commission income | 10,769,388,437 | 7,040,788,789 |
| Fee and commission expense | (173,396,252) | (102,625,886) |
| Net gain/(loss) from government bonds | 3,260,462,656 | - |
| Net gain/(loss) from dealing in foreign currencies and gold | 490,063,752 | 315,872,250 |
| NET OPERATING INCOME | 46,767,839,227 | 22,024,630,735 |
| OTHER INCOME AND EXPENSES | ||
| Other operating income | 4,866,526,276 | 1,013,597,370 |
| Administration expenses | (31,837,984,648) | (26,736,691,867) |
| Payroll and other staff costs | (20,319,158,587) | (16,692,132,498) |
| Other administration expenses | (11,518,826,061) | (10,044,559,369) |
| Depreciation and amortization charges | (4,809,168,374) | (5,440,376,819) |
| Other operating expenses | (1,798,015,894) | (1,395,982,417) |
| Net specific provision charges/(reversal) for loans to customers | (2,885,484,674) | (5,077,672,434) |
| Specific provision of credit losses of loans to customers | (4,549,949,330) | (5,077,672,434) |
| Reversal of specific provision for credit losses | 1,664,464,656 | - |
| TOTAL PROFIT/(LOSS) BEFORE TAX | 10,303,711,913 | (15,612,495,432) |
| Current enterprise income tax | (671,525,884) | (353,039,000) |
| PROFIT/(LOSS) AFTER TAX | 9,632,186,028 | (15,965,534,432) |
Note:
- Please click here for our financial reports 2011 brochure in Laos.
- You may find the detail audited financial statements in our annual reports.
