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navigate_nextFinancial Informationnavigate_nextAudited Financial Statementsnavigate_nextFor the year ended 2012
Audited Financial Statements
Balance Sheet
As at December 31, 2012
| 2012 LAK |
2011 LAK |
|
|---|---|---|
| ASSETS | ||
| Cash and amounts due from other banks | 116,204,476,189 | 28,797,350,396 |
| Statutory deposits with the BOL | 66,520,239,772 | 62,558,032,248 |
| Investment in securities | 875,820,000 | 43,190,420,000 |
| Loans and advances to customers (net of specific provision) | 518,724,705,541 | 283,665,337,227 |
| General provision for loans and advances to customers | (5,167,036,273) | (2,846,591,577) |
| Intangible asset | 6,528,857,358 | 7,380,171,181 |
| Property and equipment | 16,530,816,498 | 11,991,140,323 |
| Other assets | 12,562,632,439 | 10,214,678,047 |
| TOTAL ASSETS | 732,780,511,524 | 444,950,537,845 |
| LIABILITIES AND CAPITAL | ||
| LIABILITIES | ||
| Amounts due to other banks | 55,382,298,234 | 37,144,906,997 |
| Amounts due to customers | 363,257,272,764 | 206,152,727,861 |
| Borrowings | 87,582,000,000 | - |
| Other liabilities | 19,994,501,452 | 12,097,611,744 |
| TOTAL LIABILITIES | 526,216,072,450 | 255,395,246,602 |
| EQUITY | ||
| Paid up capital | 220,000,000,000 | 220,000,000,000 |
| Legal reserve | - | 963,218,603 |
| Deficit | (13,435,560,926) | (31,407,927,360) |
| TOTAL EQUITY | 206,564,439,074 | 189,555,291,243 |
| TOTAL EQUITY AND LIABILITES | 732,780,511,524 | 444,950,537,845 |
Income Statement
For the year ended December 31, 2012
| 2012 LAK |
2011 LAK |
|
|---|---|---|
| Interest and similar income | 72,614,227,297 | 49,073,730,150 |
| Interest and similar expense | (23,500,414,559) | (13,391,946,860) |
| NET INTEREST AND SIMILAR INCOME | 49,113,812,738 | 35,681,783,290 |
| Fee and commission income | 12,909,675,689 | 10,769,388,437 |
| Fee and commission expense | (184,771,295) | (173,396,252) |
| NET FEE AND COMMISSION INCOME | 12,724,904,394 | 10,595,992,185 |
| Net gain from dealing in foreign currencies and gold | 1,784,627,033 | 490,063,752 |
| Other income | 5,247,757,579 | 4,866,526,275 |
| OTHER INCOME | 7,032,384,612 | 5,356,590,027 |
| Payroll and other staff costs | (24,221,873,204) | (20,319,158,587) |
| General and administrative expenses | (15,463,194,386) | (11,518,826,062) |
| Depreciation and amortisation charges | (5,293,486,793) | (4,809,168,373) |
| Other operating expenses | (3,454,718,313) | (1,798,015,894) |
| TOTAL EXPENSES | (48,433,272,696) | (38,445,168,916) |
| NET OPERATING PROFIT | 20,437,829,048 | 13,189,196,586 |
| Specific provision expense for loans and advances to customers | (3,930,600,811) | (4,549,949,330) |
| Reversal of specific provision for loans and advances to customers | 1,444,866,848 | 1,664,464,656 |
| Net specific provision for loans and advances to customers | (2,485,733,963) | (2,885,484,674) |
| PROFIT BEFORE TAX | 17,952,095,085 | 10,303,711,912 |
| Income tax expense | (942,947,254) | (671,525,884) |
| NET PROFIT FOR THE YEAR | 17,009,147,831 | 9,632,186,028 |
Note:
- Please click here for our financial reports 2012 brochure in Laos.
- Please click here for our audited financial statements in Laos.
- You may find more detailed reports in our Annual Reports.
