Financial Statements

Financial Statements for the year ended 31 December 2019 and Report of the Independent Auditors.

	2019		2018
	US$	KHR'000	US$	KHR'000
Continuing operations
Revenue - fee and commission incomes	46,401	188,017	120,092	485,772
Finance income	86,524	350,595	92,220	373,030
Other gains/(losses) - net	(3,533)	(14,316)	1,507	6,096
	129,392	524,296	213,819	864,898
Expenses
Salaries and wages	186,653	756,318	171,712	694,575
Utilities	4,320	17,505	4,320	17,474
Membership and registration fees	16,424	66,550	15,479	62,613
Bonuses and incentives	24,255	98,281	16,600	67,147
Legal and professional fees	6,330	25,649	5,522	22,336
Communication	6,238	25,276	6,221	25,164
Amortisation charge	5,352	21,686	4,812	19,465
Retirement benefits	4,386	17,772	2,475	10,011
Other benefits	11,778	47,725	26,172	105,866
Depreciation charge	1,448	5,867	1,560	6,310
Other expenses	3,904	15,819	5,503	22,260
	271,088	1,098,448	260,376	1,053,221
(Loss)/profit before income tax	(141,696)	(574,152)	(46,557)	(188,323)
Income tax benefit/(expense)	(4,311)	(17,468)	6,340	25,645
Net(loss)/profit for the year	(146,007)	(591,620)	(40,217)	(162,678)

Other comprehensive income:
Remeasurement of employee benefit obligations	(1,336)	(5,413)	(19,887)	(80,443)
Currency translation differences	-	119,204	-	(40,383)
Other comprehensive income for the year	(1,336)	(113,791)	(19,887)	(120,826)
Total comprehensive (lose)/income for the year	(147,343)	(477,829)	(60,104)	(283,504)
(Loss)/profit attributable to:
Owner of the Company	(146,007)	(591,620)	(40,217)	(162,678)
Total comprehensive (lose)/income attributable to:
Owner of the Company	(147,343)	(477,829)	(60,104)	(283,504)

	2019		2018
	US$	KHR'000	US$	KHR'000
ASSETS Non-current assets
Statutory deposit	245,399	1,000,000	248,880	1,000,000
Intangible assets	10,089	41,113	15,441	62,042
Property and equipment	4,025	16,403	1,385	5,565
Deferred tax assets	20,982	85,502	23,963	96,283
Total non-current assets	280,495	1,143,018	289,669	1,163,890
Current assets
Term deposits	1,676,595	6,832,125	1,935,015	7,774,890
Other assets	38,655	157,519	35,781	143,768
Cash and cash equivalents	142,908	582,350	12,338	49,574
Total current assets	1,858,158	7,571,994	1,983,134	7,968,232
TOTAL ASSETS	2,138,653	8,715,012	2,272,803	9,132,122

EQUITY AND LIABILITIES
Equity
Share capital	2,010,000	8,040,000	2,010,000	8,040,000
Retained earning	(6,576)	(31,187)	140,767	565,846
Other reserves	-	155,140	-	35,936
Total equity	2,003,424	8,163,953	2,150,767	8,641,782
Liabilities
Non-current liabilities
Employee benefits	57,442	234,077	59,039	237,219
	57,442	234,077	59,039	237,219
Current liabilities
Accruals and other payables	77,662	316,473	62,886	252,675
Current income tax liabilities	125	509	111	446
	77,787	316,982	62,997	253,121
Total liabilities	135,229	551,059	122,036	490,340
Total equity and liabilities	2,138,653	8,715,012	2,272,803	9,132,122