Financial InformationAudited Financial StatementsFor the year ended 2019

Audited Financial Statements 2019

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended December 31, 2019

	2019	2018	2019	2018
	US$	US$	KHR'000	KHR'000
Interest income calculated using the effective interest method	483,543,466	453,550,641	1,959,318,124	1,834,612,343
Interest expense	(156,872,680)	(153,225,979)	(635,648,099)	(619,799,085)
Net interest income	326,670,786	300,324,662	1,323,670,025	1,214,813,258
Fee and commission income	48,734,619	42,840,593	197,472,676	173,290,199
Fee and commission expense	(996,897)	(172,297)	(4,039,427)	(696,941)
Net fee and commission income	47,737,722	42,668,296	193,433,249	172,593,258
Allowances for impairment losses on loans and advances, deposits and placements with other banks and other receivables	(23,411,205)	(511,542)	(94,862,203)	(2,069,187)
Allowance for impairment losses on off-balance sheet commitments	87,989	(187,550)	356,531	(758,640)
Net impairment losses	(23,323,216)	(699,092)	(94,505,672)	(2,827,827)
Net income after allowance for impairment	351,085,292	342,293,866	1,422,597,602	1,384,578,689
Other incomes	17,849,723	14,264,218	72,327,078	57,698,762
General and administrative expenses	(215,412,394)	(205,726,173)	(872,851,020)	(832,162,370)
Profit before income tax	153,522,621	150,831,911	622,073,660	610,115,081
Income tax expenses	(32,662,809)	(31,518,284)	(132,349,702)	(127,491,460)
Profit for the year	120,859,812	119,313,627	489,723,958	482,623,621
Other comprehensive income:
*Items that will not be reclassified to profit or loss:*
Remeasurement of employee benefit obligations	34,908	3,085,161	141,447	12,479,476
*Items that are or may be reclassified subsequently to profit or loss:*
Currency translation differences	-	-	7,330,165	(5,031,560)
Other comprehensive income for the year	34,908	3,085,161	7,471,612	7,447,916
Total comprehensive income for the year	120,894,720	122,398,788	497,195,570	490,071,537
Profit for the year attributable to:
Owners of the Bank	120,859,812	119,313,627	489,723,958	482,623,621
Non-controlling interests	-	-	-	-
	120,859,812	119,313,627	489,723,958	482,623,621
Total comprehensive income attributable to:
Owners of the Bank	120,894,720	122,398,788	497,195,570	490,071,537
Non-controlling interests	-	-	-	-
	120,894,720	122,398,788	497,195,570	490,071,537

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at December 31, 2019

	2019	2018	2019	2018
	US$	US$	KHR'000	KHR'000
ASSETS
Cash on hand	421,527,238	407,864,702	1,717,723,495	1,638,800,373
Deposits and placements with other banks	587,730,531	337,736,707	2,395,001,914	1,357,026,089
Financial investments	527,474,976	619,899,551	2,149,460,527	2,490,756,396
Loans and advances, net	3,846,020,519	3,594,358,641	15,672,533,615	14,442,133,020
Other assets	17,529,833	22,462,952	71,434,070	90,256,141
Statutory deposits	587,336,099	540,574,973	2,393,394,603	2,172,030,242
Property and equipment	131,159,792	137,862,097	534,476,153	553,929,906
Intangible assets	8,998,993	11,197,887	36,670,896	44,993,110
Right-of-use assets	32,569,457	-	132,720,537	-
Deferred tax assets, net	14,814,354	11,616,105	60,368,494	46,673,510
TOTAL ASSETS	6,175,161,792	5,683,573,615	25,163,784,304	22,836,598,787
LIABILITIES AND EQUITY
LIABILITIES
Deposits and placements of other banks and financial institutions	285,175,145	288,363,251	1,162,088,716	1,158,643,543
Deposits from customers	4,082,722,853	3,576,092,142	16,637,095,626	14,368,738,227
Other liabilities	58,810,875	64,620,311	239,654,316	259,644,414
Borrowings	564,971,701	790,260,392	2,302,259,682	3,175,266,255
Subordinated debts	139,302,580	77,468,913	567,658,014	311,270,092
Current income tax liabilities	30,459,303	13,810,997	124,121,660	55,492,586
Lease liabilities	30,915,939	-	125,982,451	-
Employee benefits	18,341,796	20,117,927	74,742,819	80,833,831
TOTAL LIABILITIES	5,210,700,192	4,830,733,933	21,233,603,284	19,409,888,948
EQUITY
Share capital	428,818,154	395,224,105	1,747,433,978	1,588,010,454
Reserves	414,748,726	377,798,286	1,708,085,266	1,529,226,903
Retained earnings	120,894,720	79,817,291	474,661,776	309,472,482
TOTAL EQUITY	964,461,600	852,839,682	3,930,181,020	3,426,709,839
Non-controlling interests	-	-	-	-
TOTAL LIABILITIES AND EQUITY	6,175,161,792	5,683,573,615	25,163,784,304	22,836,598,787

Note:

You may find the detail audited financial statements in our annual reports.
These financial statements are audited by KPMG Cambodia Ltd.
The published financial statements, up to the end of 2018, have been prepared in accordance with Cambodian Accounting Standards ("CAS") and the guidelines of the National Bank of Cambodia.
The published financial statements, from 2019 onwards, have been prepared in accordance with Cambodian International Financial Reporting Standards ("CIFRSs").