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$: International Commercial Bank Lao · PDF fileVientiane Capital, Lao PDR ... I\n audit also includes evaluating the appropri aten ... The International Commercial Bank Lao Limited ("the$
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International Commercial Bank Lao Limited

Audited Financial Statements and

Independent Auditors Report Year ended 31 December 2012

1


Contents Page

1 Corporate information 1

2 Managements responsibilities 2

3 Independent auditors report 3-4

4 Statement of financial position 5

1 -j 5 Statement of income 6

6 Statement ofchanges in equity 7

7 Statement ofcash flows 8

8 Notes to the financial statements 9-28


Corporate Information

Bank International Commercial Bank Lao Limited

Banking Licence No 033-08IMOPI Dated 1732008

Busiuess Registration Certificate No 48IBoL dated 21102008

Board of Directors

Chief Executive Officer

Registered office

Auditors

Mr Tee Kim Chan Mr Tee Say Beng Mr Khammanh Sayaseng Mr Peter Choo Mr Khampheng Vongkhanty

Mr Zulkitlee Bin Abdullah

House No 12707 Hatsady Road Hatsady Tai Village Chanthaboury District Vientiane Capital Lao PDR

KPMG Lao Co Ltd 4th Floor 37 KP Tower 23 Singha Road po Box 6978 Vientiane Capital Lao PDR

Chairman Member Member Member Member

TERNATIONAL COMMERCIAL BANK LAO LIMITED

MANAGEMENTS RESPONSIBILITY IN RESPECT OF TH E FINANCIAL STATEM ENTS

The Management of International Commercial Bank Lao Lim ited (Sank) is responsible for the preparation of the financial statements of each financial year that ensure a true and fair presentation of its statement of financia l pos ition of the Bank as at the year end the statement of income statement of change in equ ity and statement of cash flows for the year then ended and notes in accordance with the accounting regu lations and accounting principles generally accepted in the Lao Peoples Democratic Republic (Lao PDR) In preparing the finan cial statements Management is required to

i) Adopt appropriate accounting policies which are supported by reasonable and prudent judgements and estimates and then apply them consistently

ii) Comply with accounting principles generally accepted in the Lao PDR (Lao GAAP) and the guidelines issued by the Bank of the Lao PDR if there have been any departu res in the interest of true and fair pr sentati on ensure that these have been appropriate disclosed explained and quantified in the financ ial statements

iii) Maintain adequate accounting records and an effective system of internal controls

iv) Take reasonable steps for safeguarding the assets of the Bank and for preventi ng and detecting fraud error and other irregularities

v) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Bank will continue operations in the foreseeable future and

vi) Effectively control and direct the Bank and be involved in all material decisions affecting the Banks operations and performance and ascertain that such ha e been properly reflected in the fi nancial statements

Management confirms that they have complied with the above requirements in preparIng the fi nancial statements

APPROV AL OF THE FINANCIAL STATEMENTS

I Zulkiflec Bin Abdullah on behalf of the Boards of Directors and Management do hereby state that the financial statements set out on pages 5-28 give a true and fair view of the financial position of International Commercial Bank Lao Limited as at 31 December 2012 and of the results of its operations and its cash flows for the year then ended and have been properly drawn up in accordance with generally accepted accounting pri nciples in the Lao PDR

Signed on behalfofthe Boards ofDirectors and Management

V

rJ I~ I J I~

I I~ 1 Zulkif1~e BinAbdlllJah I Chief Exetlltivt OJjilef 29 Mardl20 l )

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127107 Hatsady Road Halsad Tai Village ChanthabolJry Vientiane Capi lal Lao PDH Tel +85621 250388250420 Fax +85621 2501179 Email enqUlrylcb-Iaocom

2

KPMG lao Co ltd Telephone + 856 (2 1) 454240-7

3rd - 4tr f loor 37 KP Tower Fax + 856 (2 1) 900347

23 Sin gha Road Email infolao kpmgcom

Ban Phonexay Saysettha District

P O Box 6978

Vienti ane Capital Lao PD R

INDEPENDENT AUDITORS REPORT

To The Sbarebolders International Commercial Bank Lao Limited

We have audited the accompanying statement of fin ancial po ition of International Commercial Ban k Lao Limited (the Bank) as at 3 1 December 20 12 the related statements of income changes in equity and cash flows for the year then ended and n te comprising a summary of significant accounting policies and other explanatory information

The financial statements have been prepared by the Bank u ing the basis of financial statement preparation and the accounting policies described in Notes 2 and 3 to the financial statements

Management s Responsibility fo r the Financial Statements Management is responsible for the preparation and fa ir presentation of these financial statements in accordance with Lao POR generally accepted account ing principles and for such internal control as management determ ines is necessary to enable the preparation f fi nancial statements that are free from mater ial misstatement whether due to fraud or enmiddotor

Auditors Responsibility Our res pon ibil ity is to express an opinion on these fi nancial staLe11lints ba cd on ou r audi t We cond ucted Ollr audit in accorda nce with In ternational Standards on Audi ting Those standards requ ire that we com ply with relevant eth ica l requi rements and plan and perform the aud it tu obtain reasona ble a suranc whether the fin ancial statements are Free of material m iss tatemen l

An audit invo lve performing proced ures I obta in audit evidence about the amou nt and disclosures in the fin anc ial statements The procedu res se lected depend on our judgment includi ng the assessmen t of the ris of material missta temen t of the fin ancia l sta tement bether due to rralld or error In making those risk assess men s we consider internal control re levant to the entitys

pre parat ion and fai r presentation of the finan cial staten c nts in order to design aud it pro edures that are appropriate in the circumstances but not ror the purpose of e pressi ng an opinion on th e effective ness of the enti ty internal contro l In audit also includes evaluat ing the appropri aten ss or account ing polic ie~ used and the reasonab leness of accounti ng estimates made by management as we ll as eva luating the overa ll presentation of the financ ia l sta teme nts

We believe tha t the audit ev idence e have obta ined is ufficient and appropriate to prov ide a ba I

Ii r Ollr audi t op inion

Opinion In ou r opinion the fi na ncial statement present fairly in al l material rcpects the fi nanc ial po ition of In ternational Commercial Bank Lao Li m ited as of 3 I 0 cemb r 2012 an d the resu lts of its operations and its cash flows for the year then nded in accordance with the accou nti ng regu lations of the Bank of th Lao PDR and the accolln ti ng pri ncipl s generally accepted in the Lao PDR

KPMG Llto CQ L1i II Compm lucnJoCd IIl1drllu

forcl(n ]ncstmelll um o(Uc POR u 11lt1cml)et flf

KPMG Inltfuniout 11 s~us ooopcralH

3

Emphasis of Maller Without qualifying our opinion we draw attention to Notc 2(a)(i ) to th fi nan ial statements which states that the accompanying fi nancial statements are not intended to present the fi nancial position nd resu lts f operations and ca_ h flows in accordance with the accounting principles and practices

aenera lly accepted in countries and jurisdictions other than the Lao PDR Ac rd ingly the accompanying financial statements are not designed for those who are not informed about Lao legal and statutory requirements

KPMG Lao Co Ltd Vien tiane Capital Lao PDR

Date 29 March 2013

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For(lpt hcslrnc_nl La oruo PDR 1) J l u( ~bc1I)r

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4

International Commercial Bank Lao Limited middot Statement of Financial Position

Year ended 31 December 2012

Total assets 585805487726

LIABILITIES AND SHAREHOLDERS EQUITY

Deposits from customers 12 301297697968

Interbank and money market items 13 109524980940

Provision for income tax 14 1 2798983 19

Other liabilities 15 7360124921J

Total liabilities 419462702148

Shareholders equity

Share capital 16 150000000000

Statutory reserve 17 2178112859

Retained earnings I (deficit) 14164672719

Total shareholders equity 166342785578

Total liabilities and shareholders 585805487726 equity

The accompanying notes form an integral part of these financial statements

middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash

Interbank and money market items

Statutory deposits with Central Bank

Investments

Loans and advances - net

Property and equipment I

I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5

International Commercial Bank Lao Limited Statement of income Year ended 31 December 2012

2012 2011 Notes LAK LAK

Interest income Interest from loans and advances 36231228021

Interest from interbank and money market items 5732569sect~

1rotalinterestincome 18 36804484981

Interest expense Interest on deposits (15366042568)

1rotal interest expense 19 (15366042568)

Net interest income 21438442413

Provision for bad and doubtful loans and advances

8 (1396871919)

Net income from interest after 20041570494 doubtful accounts

Other income 20 2530767182

Gain I (Loss) on foreign exchange 546689383

Total other income 3077456565

Income before non-interest expense 23119027059 and income tax

Personnel expenses (4895834892) Other expenses (6553729120)

(11449564012)

Profit before income tax 11669463047

Income tax 21 (3790993264)

Profit for the year 7878469783


27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j

International Commercial Bank Lao Limited Statement of changes in equity Year ended 31 December 2012

Share capital

Note LAK

Balance at 1 January 2011 120000000000 Additional share capital 16 28400000000 Transfer of retained earnings to capital

16 1600000000

Profit for the year Statutory reserve Balance at 31 December 2011 150000000000

and 1 January 2012

Profit for the year

Statutory reserve

Balance at 31 December 2012 150000000000


Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7

International Commercial Bank Lao Limited Statement of cash flows Year ended 31 December 2012

Cash flow from operating activities

Profit for the year

i Adjustment for Allowance for doubtful debts

Foreign exchange translation gain

Depreciation and amortisation

Loss on disposal ofproperty and equipment

Income tax expense

Change in statutory deposits

Change in loans and advances

Change in other assets

Change in deposits from customers

Change in deposits from banks

Change in other liabilities Cash generated from(used in) operating

activities

Income tax paid

Net cash generated from I(used in) operating activities

I Cash flows from investing activities

Acquisition of property and equipment

I Acquisition of intangible assets Income from investment in government bonds

i Net cash generated from(used in) J investing activities

Cash flows from financing activities j

Proceeds from issuance ofshares

Net cash generated from financing activities

Net increase(decrease) in cash and cash equivalents

Cash and cash equivalents at 1 January

Cash and cash equivalents at 31 December

2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]

International Commercial Bank Lao Limited Notes to financial statements Year ended 31 December 2012

1 Organisation and principal activities

The International Commercial Bank Lao Limited (the Bank) is a private bank incorporated in the Lao Peoples Democratic Republic (Lao PDR) and has its registered office at House No 12707 Hatsady Road Hatsady Tai Village Chanthaboury District Vientiane Lao Peoples Democratic Republic (Lao PDR) The Bank has investment license number 033-08 dated 17 March 2008 It received approval from the Bank of the Lao PDR (BoL) to operate as a bank under Banking Licence number 481B0L dated 2 October 2008 and commenced its operations on that date

The Bank is owned 100 by ICB Financial Group Holdings AG with LAK 150 Billion legal capital which is incorporated in Switzerland

The principal activities ofthe Bank consist offunding lending and depositing service

As at 31 December 2012 the bank had 59 (2011 55) employees

2 Basis of financial statement preparation

(a) General basis of accounting

(i) Basis of preparation

The accompanying financial statements are expressed in Lao Kip (LAK) which is the functional currency of the Bank The financial statements have been prepared in accordance with the accounting regulations and accounting principles generally accepted in the Lao PDR which may differ in some material respects from International Financial Reporting Standards and the generally accepted accounting principles and standards of other countries Accordingly the accompanying financial statements are not intended to present the financial position results of operations changes in equity cash flows and notes thereto in accordance with generally accepted accounting principles and practices in countries or jurisdictions other than the Lao PDR Furthermore their utilisation is not designed for those who are not informed about the Lao PDRs accounting principles procedures and practices

The financial statements were authorised for issue by the Board of Directors on 29 March 2013

(1) Basis of measurement

The financial statements are prepared on the historical cost basis except as stated in the accounting policies The accounting policies have been consistently applied by the Bank and are consistent with those used in the previous year except otherwise stated

J

9

International Commercial Bank Lao Limited Notes to financial statements (continued) Year ended 31 December 2012

2 Basis of financial statement preparation (continued)

(iii) Use of accounting estimates and judgments

The preparation of the Banks financial statements requires management to make judgments estimates and assumptions based on the managements best knowledge of current events and actions that affect the application of accounting policies and the reported amounts of assets liabilities income expenses and the disclosures of contingent liabilities at the reporting date Estimates and underlying assumptions are reviewed on an ongoing basis Actual outcomes may differ from managements assessment and such differences could require revisions that are recognised in the period in which the estimates are revised and in any future periods affected

Information about significant assumptions and estimation uncertainties is included in Note 3k

(b) Foreign currency transactions

Transactions in a currency other than the functional currency of the Bank are translated to LAK at the exchange rates approximating those ruling at the transaction dates

All monetary assets and liabilities denominated in foreign currencies at the reporting date are translated into LAK at the foreign exchange rates ruling at that date All realised and unrealised foreign exchange differences arising from the translation are recognised in the statement of income

The applicable exchange rates for the Lao Kip against the USD and THB as at 31 December 2012 were LAK 7965 (2011 LAK 8007) and LAK 26035 (2011 LAK 25l75) respectively

(c) Going concern assumption

At the time of this report there is no reason for the Directors to believe that the foreign parent Bank will not continue their support Accordingly the financial statements do not include any adjustments relating to the recoverability and classification of recorded assets amounts or to amounts and classifications of Iiabilities that may be necessary if the Bank is unable to continue as a going concern The assumption is premised on future events the outcome of which is inherently uncertain

(d) Fiscal Year

The Bank reporting period starts on I January and ends on 31 December

10

I

International Commercial Bank Lao Limited r 1 Notes to financial statements (continued)


3 Summary of significant accounting policies

The significant accounting policies set out below have been adopted by the Bank in the preparation ofthe financial statements

(a) Financial instruments

The Banks financial instruments include cash and cash equivalents originated loans and receivables deposits investments inter-bank balances and other receivables and payables The accounting policies for the recognition and measurement of these items are disclosed in the respective accounting policies

Cash and cash equivalents consist of cash and bank balances demand deposits and short-term highly liquid investments with maturities of three months or less when purchased and that are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value

(b) Investments

Investments in bonds issued by the BoL are stated at par Unearned interest income arising on the acquisition of securities is shown as Other liabilities and amortized to interest income on an accrual basis

Other investments are stated at cost

(c) Loans and advances

Loans and advances are originated by the Bank providing money to a customer for purposes other than short-term profit taking They are stated at the outstanding principal balances less an impairment allowance for bad and doubtful loans and advances to reflect the estimated recoverable amount Loans and advances except bank overdrafts are shown exclusive of accrued interest receivable

(d) Allowance for bad and doubtful loans and advances

In compliance with BoL regulations a minimum specific allowance for doubtful loans and J advances is made for loans and advances that are identified as non-performing In addition a general allowance based on 1 of Normal outstanding loans and advances (performing loans) is maintained by the Bank against risks which are not specifically identified

Classification Number of days past due Provision

Normal (A) 0-30 days 1 Special mention (B) 30-89 days 3

bull Substandard (C) 90-179 days 20 I Doubtful (D) 180-359 days 50

Loss (E) Over 360 days 100 i

i

II


3 Summary of significant accounting policies (continued)

(d) Allowance for bad and doubtful loans and advances (continued)

The Special mention category was added in 2011 to comply with 324IBOL regulation issued on 19 April 201 I

Recoveries on loans previously written off and reversals of previous provisions are disclosed as a deduction from the provision for bad and doubtful accounts in the statement of income

An uncollectible loan or portion of a loan classified as bad is written off after taking into consideration the realisable value of the collateral if any when in the judgement of the management there is no prospect ofrecovery

(e) Deposits with banks

Deposits with banks are carried at cost

(1) Property and equipment

(i) Items of property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses if any Where an item of property comprises major components having different useful lives the components are accounted for as separate items of property and equipment

Oi) Depreciation of property and equipment is charged to the statement of income on a straight line basis over the estimated useful lives of the individual assets at the following annual rates

Buildings 20 Furniture and fittings 10 - 20 Office equipment 10 20 Vehicles 20

(iii) Subsequent expenditure relating to an item of property and equipment that has already been recognised is added to the carrying amount of the asset when it is probable that future economic benefits in excess of the originally assessed standard of perfonnance of the existing asset will flow to the Bank All other subsequent expenditure is recognised as an expense in the period in which it is incurred

(iv) Gains or losses ansmg from the retirement or disposal of an item of propelty and equipment are determined as the difference between the estimated net disposal proceeds and the carrying amount of the assets and are recognised in the statement of income on the date of retirement or disposal

_~I (v) Fully depreciated property and equipment is retained on the balance sheet until disposed of or written off

i i

12

1

International Commercial Bank Lao Limited 1 Notes to financial statements (continued)



(g) Intangible assets

Software acquired by the Bank is stated at cost less accumulated amortization and accumulated impairment loss if any

Subsequent expenditure on software assets is capitalized only when it increases future economic benefits embodied in the specific asset to which it relates All other expenditure is expensed when incurred

Amortization is recognised in the statement of income on a straight line basis over the estimated useful life of software from the date that it is available for use The estimated useful life of software is 5 years

(h) Deposits

Deposits are stated at placement value and are adjusted for interest accrued thereon

(i) Income recognition

Interest income is recognised on a daily accrual basis except in relation to non-performing accounts Where an account becomes non-performing the recording of interest as income is suspended until it is realized on a cash basis Customers accounts are deemed to be nonshyperforming where repayments are in arrears for more than three months in accordance with BoL regulations

Income from the various activities of the Bank is accrued using the following bases

(i) Loan arrangement fees and commissions on services and facilities extended to customers are recognised on the occurrence of such transactions

(ii) Commitment fees and guarantee fees on services and facilities extended to cllstomers are recognised as income over the period in which the services and facilities are extended and

(iii) Service charges and processing fees are recognised when the service is provided

(j) Interest expense

Interest expense on deposits is recognised on a monthly accrual basis

(k) Income tax

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the date of the statement of financial position Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations is subject to interpretation and establishes provisions of amounts payable to the tax authorities

13

International Commercial Bank Lao Limited Notes to financial statements (continued) Yeareuded 31 December 2012


(k) Income tax (continued)

Provision is made for taxation based on the current years total revenue as per the laws governing taxation within the Lao PDR For each profitable year the Bank is subject to the current tax rate of28 on total profit before tax or 1 minimum tax rate oftotal revenue in case ofiosses whichever is higher

As per the revised tax law from 1 January 2013 the minimum tax of 1 was abolished and the new corporate tax rate is 24 the effect ofthis change cannot presently be determined

The Banks tax returns are subject to examination by the tax authorities Because the application of tax laws and regulations to many types of transactions is susceptible to varying interpretations amount reported in the financial statements could be changed at a later date upon final determination by the tax authorities

The taxation system in Lao PDR is relatively new and is characterized by numerous taxes and frequently changing legislation which is often unclear contradictory and subject to interpretation Often differing interpretations exist among numerous taxation authorities and jurisdictions Taxes are subject to review and investigation by a number of authorities who are enabled by Jaw to impose severe fines penalties and interest charges

These facts may create tax risks in Lao PDR substantially more significant than in other countries Management believes that it has adequately provided for tax liabilities based on its interpretation of tax legislation However the relevant authorities may have differing interpretations and the effects could be significant

(I) Provisions

A provIsIOn is recognised if as a result of a past event the Bank has a present legal or constructive obligation that can be estimated reliably and it is probable that an outflow of economic benefits will be required to settle the obligation Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability

J (m) Related parties

Parties are considered to be related to the Bank if one party has the ability directly or indirectly to control the other party or exercise significant influence over the other party in making financial and operating decisions or where the Bank and the party are subject to common control or significant influence Related parties may be individuals or corporate entities and include close family members of any individual considered to be a related party

14

-----


4 Cash

2012 2011 LAK LAK

Lao Kip (LAK) 3149020000 3381306500 United States Dollar (USD) 4257587205 4904487675 Thai Baht (THB) 2784980352 2474754109

10191587557 1 0760548284

5 Interbank and money market items

a) Domestic items 2012 2011 LAK LAK

At call Bank of Lao PDR 105436346696 51185121080 Other commercial banks 94040758 54819691

105530387 454 51239940771

b) Foreign items 2012 2011

At Call Term Total At Call Term Total

LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966

6 Statutory deposits with Central Bank

Statutory deposits on Capital Customer deposits

201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---


6 Statutory deposits with Central Bank (continued)

Statutory deposits on capital are maintained with the Bank of the Lao PDR (Central Bank or BoL) in compliance with BoL regulations the amounts of which are determined as 25 of the Banks capital In accordance with BoL NoOI 1B0L 28 January 2010 the BoL allowed the Bank to use this deposit to repair the banks office and banks business operations but subject to approval from the BoL

Statutory deposits on customer deposits with BoL are maintained in compliance with applicable BoL regulations the amounts of which are determined as a defined percentage of customers deposits with the Bank ie 5 on deposits of Lao Kip and 10 on deposits of USD and Thai Baht

These deposits do not earn interest

7 Investments

2012 2011 LAK LAK

Government Bonds 5000000000 8000000000 Accrued interest receivable 93047948 191671233

5093047948 8191671233

Investments represent investments in BoL bonds These bonds have maturities ranging from 20 March 2012 to 20 March 2013 (2011 26 July 2011 to 26 July 2012) and interest rates ranging from 3 to 65 (2011 45 to 65)

8 Loans and advances - net

2012 2011 LAK LAK

Loans and receivables

Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801

383702408849 267417825577 Add Accrued interest receivable 1235918657 887560821 Less Allowances for bad and doubtful loans and advances

General (3621327 569) (2518873436) Specific (851655294) (565034123)

(4472982863) (3083907559)

Loans and advances net 380465344643 265221478839

16


8 Loans and advances shy net (continued)

a) Classified by residual maturity

2012

LAK 2011 LAK

Within 1 year Over 1 year

154563827190 229138581659

383702408849

139827214770 127590610807

267417825577

b) Classified by currencies

2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577

c) Classified by economic sectors

2012 LAK

2011 LAK

Industrial Commercial Service Other sectors

154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577

d) Classified by performance

2012 LAK

2011 LAK

Performing loans Non-performing loans

383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17

International Commercial Bank Lao Limited Notes to financial statements (continned) Year ended 31 December 2012

8 Loans and advances - net (continued)

e) Classified by relationship

2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577

t) Classified by interest rate (per annum)

2012 2011

Overdrafts LAK 12-18 12-18 THB 10-13 11-13 USD 8-11 6-11

Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14

g) The movement in the allowance for bad and doubtful loans and advances is as follows

2012 2011 LAK LAK

Balance at beginning of the year (3083907559) (1124124557) Foreign exchange translation gain 7796615 4920744 Provision made in the year (1396871919) (l 964703746)

Balance at end of the year (4472982863) (3083907559)

18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___


9 Property and equipment

Cost Balance at 1 January 2011 Additions Disposal Balance at 31 December 2011 and 1 January 2012 Additions Balance at 31 December 2012

Leasehold improvements

LAK

4234270094 1452176325

5686446419

5686446419

Furniture and Equipment

LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849

Motor Vehicles Total

LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432

Accumulated depreciation Balance at 1 January 2011 Charge for the year Disposal Balance at 31 December 2011 and 1 January 2012 Charge for the year Balance at 31 December 2012

776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586

Net book value At 1 January 2011 3458090419 1828509522 806071490 6092671431

At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19


10 Intangible assets

Computer software LAK

Cost Balance at 1 January 2011 2883051850 Additions 353701950 Balance at 31 December 2011 and 1 January 2012 3236753800 Additions 15574650 Balance at 31 December 2012 3252328450

Accumulated depreciation Balance at 1 January 2011 1185928362 Charge for the period 623770630 Balance at 31 December 2011 and 1 January 2012 1809698992 Charge for the year 650206113 Balance at 31 December 2012 2459905105

Net book value at 1 January 2011 1697123488 Net book value at31 December 2011 1427054808 Net book value at 31 December 2012 79~423345

11 Other assets

2012 2011 LAK LAK

I i

Prepayments 174]031571 1773263741 Advance interest to customers 1737289498 Others 40638782 50230000

3518959851 1823493741

20


~--- -----------~--~~--~---~----

12 Deposits from customers

a) Classified by type of deposits

Current Savings Tenn (residual maturity)



LAK THB USD

(c) Interest rate (per annum)

Saving accounts LAK THB USD

Fixed deposits LAK THB USD

2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy

Current Account 6230940 478756866 Fixed Deposit 109518750000 89278050000

109524980940 89756806866

Deposits from other banks are analysed as follows

a) By residence Domestic Foreign

b) By maturity At call Term

c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l


15 Other liabilities

2012 2011 LAK LAK

Interest payable 4995716471 2787776682 Other payables and accrued expenses 2364408450 1100723664

7360124921 3888500346

16 Share capital

In 2010 the BoL required all commercial banks to convert their registered capital to Lao Kip at the following rates

bull Registered capital at the date of the BoL notification was translated at the rate prevailing at 31 January 2010 (LAK 847059 USD 1) and

bull Subsequent capital injections were translated at the rate prevailing at the transaction date

The Bank has a registered share capital of LAK 150 billion (2011 LAK 150 billion) BoL regulations require the Bank to maintain a minimum capital of LAK 100 billion and increase this minimum registered capital from LAK 100 billion to LAK 300 billion by 2014 The Bank has not increased its registered capital in 2012 and plans to inject additional capital in 2013 and to attain registered capital ofLAK 300 billion by 2014

17 Statutory reserve

The statutory reserve is provided for at the rate of at least 10 of net income during the year in accordance with the regulations ofthe Bank of Lao PDR

18 Interestincome

2012 2011 LAK LAK

Loans and advances 36231228021 27047366320 Deposits and placements with other banks 3130245 2503869 Investment in bonds 570126715 423962329

-----shy36804484981 27473832518

23


19 Interest expense

Savings deposits Fixed deposits

Customer Bank

Interest in suspense

20 Other income

Fee and commission income

Commissions on loans Commissions on guarantees Commissions on letters ofcredit Commissions on fund transfers

Total fee and commission income Other income

2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574

The corporate tax expense is calculated as the higher of the minimum tax payable of 1 of total revenue or 28 on taxable profit The calculation of effective tax rate based on taxable profit is as below

2012 2011 LAK LAK

Profit before income tax 11669463047 9898834021

Profit tax calculated at tax rate of28 3790993264 2063510574

As per the revised tax law issued in December 2011 the minimum tax rate of 1 was abolished and the new corporate tax rate has been 24 with effect from 1 January 2013

The calculation of taxable income is subject to review and approval ofthe tax authorities

22 Cash and cash equivalents

2012 2011 LAK=---_ LAK

Cash 10191587557 10760548284 Deposits and placements with other banks 127363171067 64945746966 Investment in bond 5000000000 4000000000

142554758624 79706295250

-

25


23 Related party transactions

A portion of the Banks assets liabilities revenues and expenses has arisen from transactions with related parties These parties are related through common shareholdings andor directorships The financial statements reflect the effects of these transactions which are through negotiated agreements

~ The following are relationships with related parties that control or jointly control the Bank or are

l j being controlled or jointly controlled by the Bank or have transactions with the Bank

Name of entities Country of Nature of incorporation relationship

ICB Financial Group Holdings AG Switzerland Parent company ICB Global Management Sdn Bhd Malaysia Related company

The year end balances and transactions during the year with related parties are summarized as follows

Year end balances Deposit from related parties Accrued Interest Balance outstanding

as at 31 December Name of entities 2012 2011 2012 2011

LAK LAK LAK LAK ICB Financial Group Holdings AG 691203 22067 78354811 76712265 ICB Albania 344679844 672014138 15930000000 16014000000 ICB Dj ibouti 1781977670 82658583 55755000000 24021000000 ICB Republic ofGuinea - 35230800000

Transactions during the year 2012 2011 LAK LAK

Interest Expense ICB Financial Group Holdings A G 2770227 1095458008 ICB Albania 898413254 115564933 ICB Djibouti 2354039421 650259501 ICB Republic of Guinea 521

ICB Global Management Sdn Bhd Stationery 53492940 33365169 Computer software 29321634 Support service fees 570294000 533266200 Other general and administrative expenses 159

Key management salaries and other expenses amounting to LAK 135405000 (2011 LAK 64056000) have been paid by the Banks holding Company

26


24 Commitments

In the nonnal course of business the Bank makes various commitments and incurs certain contingent liabilities with legal recourse to its customers No material losses are anticipated from these transactions which consist of

2012 2011 LAK LAK

Letters ofcredit outstanding 192776895 870761250 Bank guarantees outstanding 6241071810 2733639093

643384870S 3604400343

25 Financial risk management policies

The guidelines and policies adopted by the Bank to manage the risks that arise in the conduct of its business activities are as follows

(a) Operational risk

The operational risk losses which could result from inadequate or failed internal processes people and systems are managed through established operational risk management processes proper monitoring and reporting of the business activities by control and support units which are independent of the business units and oversight provided by the management

The operational risk management entails the establishment of a clear organisational structure roles and control policies Various internal control policies and measures have been implemented These include the establishment of signing authorities defining system parameters controls streamlining procedures and documentation These are reviewed continually to address the operational risks of its banking business

(b) Credit risk

Credit risk is the potential loss of revenue and principal in the fonn of specific provisions as a result of defaults by the borrowers or counterparties through the Banks lending hedging and investing activities

The Banks primary exposure to credit risk arises through its loans and advances The amount of credit exposure in this regard is represented by the carrying amounts of the assets on the balance sheet The lending activities are guided by the Banks credit policy to ensure that the overall objectives in the area oflending are achieved ie that the loan portfolio is strong and healthy and that credit risks are well diversified The credit policy documents the lending policy collateral policy and credit approval processes including the Banks own internal grading system

The credit exposure arising from off balance sheet activities ie commitments and contingencies is addressed in Notes 24

27


25 Financial risk management policies (continued)

(c) Market risk

Market risk is the risk of loss arising from adverse movement in the level of market prices or rates the two key components being foreign currency exchange risk and interest rate risk

(i) Foreign currency exchange risk

Foreign currency exchange risk refers to adverse exchange rate movements on foreign currency exchange positions taken from time to time The Bank maintains a policy ofnot exposing itself to large foreign exchange positions Any foreign currency exchange open positions are monitored against the operating requirements predetermined position limits and cut-loss limits

(ii) Interest rate risk

Interest rate risk refers to the volatility in net interest income as a result ofchanges in the levels of interest rate and shifts in the composition of the assets and liabilities Interest rate risk is managed through close monitoring of returns on investment market pricing and cost of funds and through interest rate sensitivity gap analysis The potential reduction in net interest income from an unfavourable interest rate movement is monitored against the risk tolerance limits set

(d) Liquidity risk

Liquidity risk relates to the Banks ability to maintain sufficient liquid assets to meet its financial commitments and obligations at a reasonable cost when they fall due

The management of the Bank closely monitors all inflows and outflows and the maturity gaps through periodical reporting Movements in loans and customers deposits are monitored and liquidity requirements adjusted to ensure sufficient liquid assets to meet its financial commitments and obligations as and when they fall due

28

1


Contents Page

1 Corporate information 1

2 Managements responsibilities 2

3 Independent auditors report 3-4

4 Statement of financial position 5

1 -j 5 Statement of income 6

6 Statement ofchanges in equity 7

7 Statement ofcash flows 8

8 Notes to the financial statements 9-28






Board of Directors


Registered office

Auditors



















V

rJ I~ I J I~


--- shy1 j


2





P O Box 6978
















3




Date 29 March 2013




4










Shareholders equity







middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash



Investments



I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28






Board of Directors


Registered office

Auditors



















V

rJ I~ I J I~


--- shy1 j


2





P O Box 6978
















3




Date 29 March 2013




4










Shareholders equity







middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash



Investments



I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28














V

rJ I~ I J I~


--- shy1 j


2





P O Box 6978
















3




Date 29 March 2013




4










Shareholders equity







middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash



Investments



I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28





P O Box 6978
















3




Date 29 March 2013




4










Shareholders equity







middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash



Investments



I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28




Date 29 March 2013




4










Shareholders equity







middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash



Investments



I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28










Shareholders equity







middot1

2011

LAK

10760548284

64945746966

74422653782

8191671233

265221478839

8029102098

1427054808

1823493741

ASSETS

Cash



Investments



I Intangible assets

Other assets

Notes

4

5

6

7

8

9

10

11

2012

LAK

10191587557

127363171067

51796079469

5093047948

380465344643

6584873846

792423345

3518959851

434821749751

180865569748

89756806866

1846556996

3888500346

276357433956

150000000000

1390265881

7074049914

158464315795

434821749751

5










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28










8 (1396871919)







(11449564012)


Income tax 21 (3790993264)



27047366320

426466198 27473832518

(7662591904) (7662591904) 19811240614

(1964703746)

17846536868

1914462144

193032186 2107494330

19954031198

(4475907179) (5579289998)

(10055197177)

9898834021

(2063510574) shy

7835323447

6

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

~j


Share capital

Note LAK


16 1600000000


and 1 January 2012

Profit for the year

Statutory reserve



Retained earnings

LAK

1622258812

(1600000000)

7835323447 (783532345) 7074049914

7878469783

~787846978)

14164672719

Statutory reserve

LAK

606733536

783532345 1390265881

787846978

2178112859

Total

LAK

122228992348 28400000000

7835323447

158464315795

7878469783

166342785578

7



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28



Profit for the year





Income tax expense







activities

Income tax paid












2012 2011

Note LAK LAK

7878469783 7835323447

8 1396871919

(7796615)

2258763687

1964703746

(4920744)

1904548127

4642397

21 3790993264

15317302038

2063510574

13767807547

22626574314

( 116632941108)

(1695466111)

120432128219

19768174074

3471624576 -shy

63287396002

(29412318350)

(42786539105)

607895347

(10089351434)

33749319810

(1449497124) shy

(35612683309)

(4357651941 ) (630974429)

58929744061 (36243657738)

( 164329322)

(15574650)

4098623285

(3221850561 )

(353701950)

2131287671

3918719313 (1444264840)

28400000000

28400000000

22

62848463374

79706295250

142554758624

(9287922578)

88994217828 ~-

79706295250


8

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

]














J

9












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28












(d) Fiscal Year


10

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

I








(b) Investments











i

II
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28
















i i

12

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

1








(h) Deposits










(k) Income tax


13









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28









(I) Provisions




14

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

-----


4 Cash

2012 2011 LAK LAK


10191587557 1 0760548284




105530387 454 51239940771



LAK LAK

Euro 187327176 187327176 USD 20094586670 20094586670 13067232953 13067232953 THB 1550869767 1550869767 638573242 638573242

21832783613 21832783613 13705806195 13705806195

127363171067 127363171 067 64945746966 64945746966



201~

LAK

37500000000 14296079469

51796079469

2011 LAK

60000000000 14422653782

74422653782

bull j

15

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

---






7 Investments

2012 2011 LAK LAK


5093047948 8191671233



2012 2011 LAK LAK


Overdrafts 151252343342 88158415776

Loans 232450065507 179259409801



(4472982863) (3083907559)


16




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28




2012

LAK 2011 LAK


154563827190 229138581659

383702408849

139827214770 127590610807

267417825577


2012 LAK

2011 LAK

USD THB LAK

211752217409 15969241744

155980949696

383702408849

196349923023 10852599257 60215303297

267417825577


2012 LAK

2011 LAK


154656920388 125699017247 37870035919 65476435295

383702408849

601874 70636 105934167544

12750775335 88545412062

267417825577


2012 LAK

2011 LAK


383491515988

210892861

383702408849

2672069327] 6

210892861

267417825577

17




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28




2012 2011 LAK LAK

Customers 383429794219 267278642218 Staff 272614630 139183359

383702408849 267417825577


2012 2011


Loans LAK 12-18 12-18 THB 10-13 10-13 USD 8-11 8-14


2012 2011 LAK LAK



18

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

__-~__ _ ________w~_~ __~~ middot~_ ~_~___





LAK

4234270094 1452176325

5686446419

5686446419


LAK

2653435841 1337053836

(7142150)

3983347527 164329322

4147676849


LAK LAK

1321702764 432620400

1754323164

1754323164

8209408699 3221850561

(7142150) 11424117110

164329322 11588446432


776179675 459731417

1235911092 568644642

1804555734

824926319 535074508 (2499753)

1357501074 689048299

2046549373

515631274 2116737268 285971572 1280777497

(2499753)

801602846 3395015012 350864633 1608557574

1152467479 5003572586


At 31 December 2011 4450535327 2625846453 952720318 8029102098

At 31 December 2012 3881890685 2101127476 6018556~5 6584873846

19







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28







11 Other assets

2012 2011 LAK LAK

I i


3518959851 1823493741

20


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28


~--- -----------~--~~--~---~----






LAK THB USD




2012 LAK

71685060775 81826704250

10225922201 137560010742

301297697968

2012 LAK

81479860407 22307901168

197509936393

301297697968

2012 (Yo

2011 LAK

84953843141 41461841345

5576870247 48873015015

180865569748

2011 LAK

24503043015 20006454356

136356072377

180865569748

2011

300 300 200 200 200 200

600-1300 600-1200 35-700 300-550 35-700 300-550

21


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28


---------~ --- --~- shy


2012 2011 LAK LAK

-- shy


109524980940 89756806866




c) By currency USD

14 Tax payabJe

Corporate tax

2012 2011 LAK LAK

6230940 14491006866 109518750000 75265800000 109524980940 89756806866

6230940 109518750000 109524980940

478756866 89278050000 89756806866

109524980940 89756806866

2012 2011 LAK LAK

1279898319 1846556996

22

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28

----

~l



2012 2011 LAK LAK


7360124921 3888500346

16 Share capital







18 Interestincome

2012 2011 LAK LAK


-----shy36804484981 27473832518

23


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28


19 Interest expense


Customer Bank


20 Other income




2012 LAK

1623637636

7712988877 5986314230

43101825 15366042568

2012

1071718039 187928172 13745027

718413652 1991804890

538962292 2530767182

2011 LAK

1187553246

3214992157 3235142275

24904226 _shy

7662591904

2011 LAK

676088271 88053094 6961533

850586856 1621689754

292772390 1914462144

~ J i

24


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28


21 Income tax

2012 2011

LAK LAK

Tax expense 3790993264 2063510574


2012 2011 LAK LAK






2012 2011 LAK=---_ LAK


142554758624 79706295250

-

25
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28
















26


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28


24 Commitments


2012 2011 LAK LAK


643384870S 3604400343






(b) Credit risk




27



(c) Market risk






(d) Liquidity risk



28



(c) Market risk






(d) Liquidity risk



28

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