Financial InformationAudited Financial StatementsFor the year ended 2017

Audited Financial Statements

Consolidated Income Statement

For the year ended December 31, 2017

	2017	2016	2017	2016
	US$	US$	KHR'000	KHR'000

Interest income	425,345,629	411,925,807	1,717,120,304	1,662,944,483
Interest expense	(149,641,260)	(124,702,772)	(604,101,767)	(503,425,091)
Net interest income	275,704,369	287,223,035	1,113,018,537	1,159,519,392
Fee and commission income	58,862,019	52,863,407	237,625,971	213,409,574
Fee and commission expense	(2,867,061)	(4,736,575)	(11,574,325)	(19,121,553)
Net fee and commission income	55,994,958	48,126,832	226,051,646	194,288,021
Provision for loan losses	(34,250,324)	(13,655,023)	(138,268,558)	(55,125,328)
Provision for off balance sheet commitments	(1,814,620)	-	(7,325,621)	-
Net provision for loan losses and off balance sheet commitments	(36,064,944)	(13,655,023)	(145,594,179)	(55,125,328)

Net income after provision	295,634,383	321,694,844	1,193,476,004	1,298,682,085
Other incomes	10,601,824	10,814,975	42,799,563	43,660,054

Personnel expenses	(112,238,869)	(105,784,312)	(453,108,314)	(427,051,268)
General and administrative expenses	(52,308,736)	(42,142,228)	(211,170,367)	(170,128,174)
Depreciation charges	(21,265,226)	(22,888,987)	(85,847,717)	(92,402,841)
Amortisation charges	(4,051,084)	(3,311,079)	(16,354,226)	(13,366,826)
	(189,863,915)	(174,126,606)	(766,480,624)	(702,949,109)
Profit before income tax	116,372,292	158,383,213	469,794,943	639,393,030
Income tax expenses	(23,844,294)	(31,014,485)	(96,259,415)	(125,205,476)
Profit for the year	92,527,998	127,368,728	373,535,528	514,187,554

Attributable to:
Equity holders of the Bank	91,684,504	126,886,969	370,130,343	512,242,694
Minority interest	843,494	481,759	3,405,185	1,944,860
	92,527,998	127,368,728	373,535,528	514,187,554

Consolidated Balance Sheet

As at December 31, 2017

	2017	2016	2017	2016
	US$	US$	KHR'000	KHR'000
ASSETS
Cash on hand	321,744,245	286,216,621	1,298,881,517	1,155,456,499
Balances with the Central Banks	1,497,133,324	1,239,883,281	6,043,927,229	5,005,408,806
Balances with other banks	120,254,917	86,820,790	485,469,100	350,495,529
Loans and advances to customers	3,085,214,651	2,841,390,830	12,455,011,546	11,470,694,781
Other assets	49,569,779	51,987,525	200,113,198	209,873,639
Statutory deposits	307,159	307,159	1,240,000	1,240,000
Property and equipment	133,328,287	125,990,861	538,246,295	508,625,106
Intangible assets	11,340,345	11,841,825	45,780,973	47,805,448
Deferred tax assets	25,321,024	20,133,459	102,220,974	81,278,774
Other investments	153,529	153,529	619,797	619,797
TOTAL ASSETS	5,244,367,260	4,664,725,880	21,171,510,629	18,831,498,379
LIABILITIES AND EQUITY
LIABILITIES
Due to other banks	212,455,089	361,414,079	857,681,194	1,459,028,637
Deposits from customers	3,117,209,726	2,764,757,416	12,584,175,664	11,161,325,689
Provision for off balance sheet commitments	1,814,620	-	7,325,621	-
Other liabilities	86,097,342	80,619,149	347,574,970	325,459,505
Borrowings	906,378,182	616,064,141	3,659,048,721	2,487,050,937
Subordinated debts	108,684,090	109,400,000	438,757,671	441,647,800
Current income tax liabilities	23,971,605	35,697,545	96,773,369	144,110,989
Employee benefits	47,541,284	35,983,909	191,924,164	145,267,041
TOTAL LIABILITIES	4,504,151,938	4,003,936,239	18,183,261,374	16,163,890,598
EQUITY
Share capital	358,544,956	307,763,911	1,447,445,987	1,242,442,909
General reserves	302,148,410	238,722,359	1,219,773,131	963,722,163
Currency translation reserves	(2,512,499)	(2,082,409)	(10,142,958)	(8,406,685)
Other reserves	(14,132,007)	(14,132,007)	(57,050,912)	(57,050,912)
Retained earnings	91,684,504	126,886,969	370,130,343	512,242,694
	735,733,364	657,158,823	2,970,155,591	2,652,950,169
Minority interest	4,481,958	3,630,818	18,093,664	14,657,612
TOTAL EQUITY	740,215,322	660,789,641	2,988,249,255	2,667,607,781
TOTAL LIABILITIES AND EQUITY	5,244,367,260	4,664,725,880	21,171,510,629	18,831,498,379

Note:

You may find the detail audited financial statements in our annual reports.
These financial statements are audited by PricewaterhouseCoopers (Cambodia) Ltd.