Financial InformationAudited Financial StatementsFor the year ended 2018

Audited Financial Statements

Consolidated Income Statement

For the year ended December 31, 2018

	2018	2017	2018	2017
	US$	US$	KHR'000	KHR'000
Interest income	423,256,184	425,345,629	1,700,643,347	1,717,120,304
Interest expense	(151,404,682)	(149,641,260)	(608,344,012)	(604,101,767)
Net interest income	271,851,502	275,704,369	1,092,299,335	1,113,018,537
Fee and commission income	64,413,418	58,862,019	258,813,114	237,625,971
Fee and commission expense	(749,501)	(2,867,061)	(3,011,495)	(11,574,325)
Net fee and commission income	63,663,917	55,994,958	255,801,619	226,051,646
Provision for loan losses and balances with other banks	(40,711,110)	(34,250,324)	(163,577,240)	(138,268,558)
Provision for off balance sheet commitments	142,248	(1,814,620)	571,552	(7,325,621)
Net provision for loan losses and off balance sheet commitments	(40,568,862)	(36,064,944)	(163,005,688)	(145,594,179)
Net income after provision	294,946,557	295,634,383	1,185,095,266	1,193,476,004
Other incomes	14,933,916	10,601,824	60,004,474	42,799,563
Personnel expenses	(125,922,231)	(112,238,869)	(505,955,524)	(453,108,314)
General and administrative expenses	(51,865,658)	(52,308,736)	(208,396,214)	(211,170,367)
Depreciation charges	(21,934,848)	(21,265,226)	(88,134,219)	(85,847,717)
Amortisation charges	(3,550,055)	(4,051,084)	(14,264,121)	(16,354,226)
	(203,272,792)	(189,863,915)	(816,750,078)	(766,480,624)
Profit before income tax	106,607,681	116,372,292	428,349,662	469,794,943
Income tax expenses	(22,598,413)	(23,844,294)	(90,800,423)	(96,259,415)
Profit for the year	84,009,268	92,527,998	337,549,239	373,535,528
Attributable to:
Equity holders of the Bank	84,009,268	91,684,504	337,549,239	370,130,343
Non-controlling interest	-	843,494	-	3,405,185
	84,009,268	92,527,998	337,549,239	373,535,528

Consolidated Balance Sheet

As at December 31, 2018

	2018	2017	2018	2017
	US$	US$	KHR'000	KHR'000
ASSETS
Cash on hand	407,864,703	321,744,245	1,638,800,377	1,298,881,517
Balances with the Central Banks	1,470,592,514	1,497,133,324	5,908,840,721	6,043,927,229
Balances with other banks	26,567,692	120,254,917	106,748,986	485,469,100
Loans and advances to customers	3,513,593,815	3,085,214,651	14,117,619,949	12,455,011,546
Other assets	51,351,402	49,569,779	206,329,935	200,113,198
Statutory deposits	248,880	307,159	1,000,000	1,240,000
Property and equipment	137,862,097	133,328,287	553,929,906	538,246,295
Intangible assets	11,197,887	11,340,345	44,993,110	45,780,973
Deferred tax assets	21,939,917	25,321,024	88,154,587	102,220,974
Other investments	153,529	153,529	616,880	619,797
TOTAL ASSETS	5,641,372,436	5,244,367,260	22,667,034,451	21,171,510,629
LIABILITIES AND EQUITY
LIABILITIES
Due to other banks	286,941,309	212,455,089	1,152,930,180	857,681,194
Deposits from customers	3,548,889,040	3,117,209,726	14,259,436,163	12,584,175,664
Provision for off balance sheet commitments	1,666,147	1,814,620	6,694,579	7,325,621
Other liabilities	103,963,704	86,097,342	417,726,163	347,574,970
Borrowings	784,671,879	906,378,182	3,152,811,610	3,659,048,721
Subordinated debts	77,101,490	108,684,090	309,793,787	438,757,671
Current income tax liabilities	13,810,997	23,971,605	55,492,586	96,773,369
Employee benefits	17,952,505	47,541,284	72,133,165	191,924,164
TOTAL LIABILITIES	4,834,997,071	4,504,151,938	19,427,018,233	18,183,261,374
EQUITY
Share capital	395,224,105	358,544,956	1,588,010,454	1,447,445,987
General reserves	348,162,806	302,148,410	1,398,918,155	1,219,773,131
Currency translation reserves	(6,741,470)	(2,512,499)	(27,087,226)	(10,142,958)
Other reserves	(14,279,344)	(14,132,007)	(57,374,404)	(57,050,912)
Retained earnings	84,009,268	91,684,504	337,549,239	370,130,343
	806,375,365	735,733,364	3,240,016,218	2,970,155,591
Minority interest	-	4,481,958	-	18,093,664
TOTAL EQUITY	806,375,365	740,215,322	3,240,016,218	2,988,249,255
TOTAL LIABILITIES AND EQUITY	5,641,372,436	5,244,367,260	22,667,034,451	21,171,510,629

Note:

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