Financial InformationAudited Financial StatementsFor the year ended 2020

Audited Financial Statements 2020

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended December 31, 2020

	2020	2019	2020	2019
	US$	US$	KHR'000	KHR'000
Interest income calculated using the effective interest method	515,094,476	483,543,466	2,100,040,179	1,959,318,124
Interest expense	(150,777,317)	(156,872,680)	(614,719,121)	(635,648,099)
Net interest income	364,317,159	326,670,786	1,485,321,058	1,323,670,025
Fee and commission income	45,775,165	48,734,619	186,625,348	197,472,676
Fee and commission expense	(1,742,125)	(996,897)	(7,102,644)	(4,039,427)
Net fee and commission income	44,033,040	47,737,722	179,522,704	193,433,249
Allowances for impairment losses on loans and advances, deposits and placements with other banks and other receivables	(20,794,031)	(23,411,205)	(84,777,264)	(94,862,203)
Allowance for impairment losses on off-balance sheet commitments	54,156	87,989	220,794	356,531
Net impairment losses	(20,739,875)	(23,323,216)	(84,556,470)	(94,505,672)
Net income after allowance for impairment	387,610,324	351,085,292	1,580,287,292	1,422,597,602
Other incomes	18,351,358	17,849,723	74,818,487	72,327,078
General and administrative expenses	(225,926,220)	(215,412,394)	(921,101,199)	(872,851,020)
Profit before income tax	180,035,462	153,522,621	734,004,580	622,073,660
Income tax expenses	(38,542,872)	(32,662,809)	(157,139,291)	(132,349,702)
Profit for the year	141,492,590	120,859,812	576,865,289	489,723,958
Other comprehensive income:
*Items that will not be reclassified to profit or loss:*
Remeasurement of employee benefit obligations	169,447	34,908	690,835	141,447
*Items that are or may be reclassified subsequently to profit or loss:*
Currency translation differences	-	-	(8,160,026)	7,330,165
Other comprehensive income for the year	169,447	34,908	(7,469,191)	7,471,612
Total comprehensive income for the year	141,662,037	120,894,720	569,396,098	497,195,570
Profit for the year attributable to:
Owners of the Bank	141,492,590	120,859,812	576,865,289	489,723,958
Non-controlling interests	-	-	-	-
	141,492,590	120,859,812	576,865,289	489,723,958
Total comprehensive income attributable to:
Owners of the Bank	141,662,037	120,894,720	569,396,098	497,195,570
Non-controlling interests	-	-	-	-
	141,662,037	120,894,720	569,396,098	497,195,570
The earnings per share attributable to shareholders of Bank during the yearare as follows:
Basic earnings per share	0.33	0.29	1.32	1.20
Diluted earnings per share	0.33	0.29	1.32	1.20

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at December 31, 2020

	2020	2019	2020	2019
	US$	US$	KHR'000	KHR'000
ASSETS
Cash on hand	412,759,051	421,527,238	1,669,610,361	1,717,723,495
Deposits and placements with other banks	534,653,146	587,730,531	2,162,671,976	2,395,001,914
Financial investments	566,674,523	527,474,976	2,292,198,446	2,149,460,527
Loans and advances, net	4,471,300,618	3,846,020,519	18,086,411,000	15,672,533,615
Other assets	22,766,913	17,529,833	92,092,163	71,434,070
Statutory deposits	360,377,008	587,336,099	1,457,724,997	2,393,394,603
Property and equipment	127,546,441	131,159,792	515,925,354	534,476,153
Intangible assets	14,690,675	8,998,993	59,423,780	36,670,896
Right-of-use assets	29,529,768	32,569,457	119,447,912	132,720,537
Deferred tax assets, net	11,195,845	14,814,354	45,287,193	60,368,494
TOTAL ASSETS	6,551,493,988	6,175,161,792	26,500,793,182	25,163,784,304
LIABILITIES AND EQUITY
LIABILITIES
Deposits and placements of other banks and financial institutions	317,009,459	285,175,145	1,282,303,262	1,162,088,716
Deposits from customers	4,294,286,048	4,082,722,853	17,370,387,064	16,637,095,626
Other liabilities	63,751,108	58,810,875	257,873,232	239,654,316
Borrowings	542,398,916	564,971,701	2,194,003,615	2,302,259,682
Subordinated debts	167,158,623	139,302,580	676,156,630	567,658,014
Current income tax liabilities	30,292,370	30,459,303	122,532,637	124,121,660
Lease liabilities	28,617,902	30,915,939	115,759,414	125,982,451
Employee benefits	18,354,055	18,341,796	74,242,152	74,742,819
TOTAL LIABILITIES	5,461,868,481	5,210,700,192	22,093,258,006	21,233,603,284
EQUITY
Share capital	433,163,019	428,818,154	1,752,144,412	1,747,433,978
Share premiums	11,706,215	-	47,351,640	-
Reserves	503,094,236	414,748,726	2,048,708,997	1,708,085,266
Retained earnings	141,662,037	120,894,720	559,330,127	474,661,776
TOTAL EQUITY	1,089,625,507	964,461,600	4,407,535,176	3,930,181,020
Non-controlling interests	-	-	-	-
TOTAL LIABILITIES AND EQUITY	6,551,493,988	6,175,161,792	26,500,793,182	25,163,784,304

Note:

You may find the detail audited financial statements here.
These financial statements are audited by KPMG Cambodia Ltd.
The published financial statements, from 2019 onwards, have been prepared in accordance with Cambodian International Financial Reporting Standards ("CIFRSs").