BALANCE SHEET AS AT 31
DECEMBER 2008
|
|
|
2008 |
|
2007 |
|
|
|
USD |
|
KHR’000 |
|
USD |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash in hand |
|
15,189 |
|
61,637 |
|
4,559 |
|
Balances with
banks inside Cambodia |
|
193,643 |
|
785,803 |
|
59,745 |
|
Balances with
central bank |
|
319 |
|
1,295 |
|
140 |
|
Statutory deposits
with central bank |
|
13,500 |
|
54,783 |
|
20,550 |
|
Loans and advances
to customers |
|
1,372,285 |
|
5,568,732 |
|
805,722 |
|
Deposit in
registered stock shares of Consorzio ETIMOS |
|
1,417 |
|
5,750 |
|
654 |
|
Property and
equipment |
|
60,558 |
|
245,744 |
|
20,783 |
|
Other assets |
|
8,868 |
|
35,987 |
|
8,060 |
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
|
1,665,779 |
|
6,759,731 |
|
920,213
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS’ FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits from
non-bank customers |
|
- |
|
- |
|
99,495 |
|
Amounts due to
shareholders |
|
133,000 |
|
539,714 |
|
- |
|
Short term
borrowings |
|
297,895 |
|
1,208,858 |
|
200,000 |
|
Other liabilities |
|
26,984 |
|
109,500 |
|
14,334 |
|
Provision for
income tax |
|
7,652 |
|
31,052 |
|
4,428 |
|
|
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
|
465,531 |
|
1,889,124 |
|
318,257 |
|
|
|
|
|
|
|
|
|
LONG-TERM
BORROWINGS |
|
866,854 |
|
3,517,694 |
|
296,919 |
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
1,332,385 |
|
5,406,818 |
|
615,176 |
|
|
|
|
|
|
|
|
|
SHAREHOLDERS’
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share capital |
|
270,000 |
|
1,095,660 |
|
270,000 |
|
Capital reserve
|
|
7,122 |
|
28,902 |
|
5,653 |
|
Retained earnings |
|
56,272 |
|
228,351 |
|
29,384 |
|
|
|
|
|
|
|
|
|
TOTAL
SHAREHOLDERS’ FUNDS |
|
333,394 |
|
1,352,913 |
|
305,037
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES & SHAREHOLDERS’ FUNDS |
1,665,779 |
|
6,759,731 |
|
920,213
|
STATEMENT OF INCOME FOR THE YEAR ENDED 31 DEC 2008
|
|
|
2008 |
|
2007 |
|
|
|
USD |
|
KHR’000 |
|
USD |
|
|
|
|
|
|
|
|
|
Interest income
|
|
323,841 |
|
1,314,147 |
|
226,279 |
|
Interest expense |
|
(44,465) |
|
(180,439) |
|
(44,526) |
|
|
|
|
|
|
|
|
|
Net interest
income |
279,376 |
|
1,133,708 |
|
181,753
|
|
|
|
|
|
|
|
|
Non-interest
income |
|
5,436 |
|
22,060 |
|
6,819 |
|
|
|
|
|
|
|
|
|
Payroll and other
staff costs |
|
(108,869) |
|
(441,790) |
|
(64,226) |
|
Depreciation of
property and equipment |
|
(16,185) |
|
(65,678) |
|
(5,608) |
|
Other operating
expenses |
|
(105,012) |
|
(426,139) |
|
(78,868) |
|
|
|
|
|
|
|
|
|
Operating profit
before provision for impairment |
54,746 |
|
222,161 |
|
39,870
|
|
|
|
|
|
|
|
|
|
Provision for
impairment losses |
|
(1,870) |
|
(7,588) |
|
(3,745) |
|
|
|
|
|
|
|
|
|
Profit before
income tax |
|
52,876 |
|
214,573 |
|
36,125 |
|
|
|
|
|
|
|
|
|
Income tax expense |
|
(10,584) |
|
(42,950) |
|
(6,759) |
|
|
|
|
|
|
|
|
|
Net profit after
income tax |
|
42,292 |
|
171,623 |
|
29,366 |
|
