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ACLEDA Bank - Audited Financial Statements

Income Statement

Consolidated Income Statement for the year ended December 31, 2012

	2012		2011
	US$	KHR'000 Unaudited	US$	KHR'000 Unaudited
Interest income	199,024,998	795,104,867	151,441,384	611,671,749
Interest expense	(43,601,347)	(174,187,381)	(30,458,968)	(123,023,771)
Net interest income	155,423,651	620,917,486	120,982,416	488,647,978
Provision for loan losses	(5,360,365)	(21,414,658)	(4,224,602)	(17,063,168)
Net interest income after provision for loan losses	150,063,286	599,502,828	116,757,814	471,584,810
Fee and commission income	25,576,740	102,179,076	23,263,396	93,960,856
Fee and commission expense	(385,319)	(1,539,349)	(446,538)	(1,803,567)
Net fee and commission income	25,191,421	100,639,727	22,816,858	92,157,289
Other income	1,944,580	7,768,597	5,226,848	21,111,239
Personnel expenses	(61,558,230)	(245,925,129)	(50,983,747)	(205,923,354)
Administrative and operating expenses	(26,165,784)	(104,532,307)	(22,802,758)	(92,100,339)
Depreciation	(6,023,769)	(24,064,957)	(6,904,486)	(27,887,219)
Amortisation	(1,590,027)	(6,352,158)	(1,494,223)	(6,035,166)
	(93,393,230)	(373,105,954)	(76,958,366)	(310,834,839)
Profit before income tax	81,861,477	327,036,601	62,616,306	252,907,260
Income tax expenses	(15,949,457)	(63,718,081)	(12,561,398)	(50,735,487)
Net profit for the year	65,912,020	263,318,520	50,054,908	202,171,773
Attributable to:
Equity holders of the Bank	65,002,550	259,685,187	49,598,978	200,330,272
Minority interest	909,470	3,633,333	455,930	1,841,501
	65,912,020	263,318,520	50,054,908	202,171,773

Balance Sheet

Consolidated Balance Sheet as at December 31, 2012

	2012		2011
	US$	KHR'000 Unaudited	US$	KHR'000 Unaudited
ASSETS
Cash on hand	148,733,920	594,192,010	122,610,841	495,225,187
Balances with the Central Bank	381,520,245	1,524,173,379	240,186,421	970,112,954
Balances with other banks	99,221,998	396,391,882	92,500,298	373,608,704
Loans and advances to customers	1,294,788,955	5,172,681,875	1,023,923,944	4,135,628,809
Other assets	21,866,948	87,358,457	15,685,476	63,353,638
Statutory deposits	250,313	1,000,000	247,586	1,000,000
Investment in subsidiaries	-	-	-	-
Property and equipment	19,184,930	76,643,795	15,923,380	64,314,532
Intangible assets	10,602,075	42,355,290	6,135,614	24,781,745
Deferred tax assets	6,310,037	25,208,598	4,115,268	16,621,567
Other investments	263,529	1,052,798	5,544,083	22,392,551
	1,982,742,950	7,921,058,084	1,526,872,911	6,167,039,687
LIABILITIES
Due to other banks	82,425,576	329,290,176	48,530,238	196,013,631
Deposits from customers	1,424,782,274	5,692,005,185	1,126,435,521	4,549,673,069
Other liabilities	43,898,585	175,374,846	28,084,240	113,432,245
Borrowings	58,549,145	233,903,834	34,316,766	138,605,418
Subordinated debts	65,207,468	260,503,835	66,075,211	266,877,777
Provision for income tax	16,196,734	64,705,952	12,555,361	50,711,103
Employee benefits	25,059,021	100,110,789	20,181,257	81,512,097
	1,716,118,803	6,855,894,617	1,336,178,594	5,396,825,340
EQUITIES
Share capital	113,169,560	452,112,392	78,372,500	316,546,528
General reserves	73,990,090	295,590,410	48,854,246	197,322,300
Currency translation reserve	315,423	1,260,115	308,308	1,245,256
Retained earnings	64,668,624	258,351,153	49,598,978	200,330,272
	252,143,697	1,007,314,070	177,134,032	715,444,356
Minority interest of subsidiaries	14,480,450	57,849,397	13,560,285	54,769,991
	266,624,147	1,065,163,467	190,694,317	770,214,347
	1,982,742,950	7,921,058,084	1,526,872,911	6,167,039,687