Annual report 2008-OK-B-up.qxp - Canadia Bank Plc.

NOTES TO THE FINANCIAL STATEMENTS
7. LOANS AND ADVANCES TO CUSTOMERS
2008 2007 2008 2007
US$ US$ Riel Million Riel Million
(Unaudited) (Unaudited)
Commercial loans:
Short-term loans 140,652,557 134,021,723 574,003 536,489
Overdrafts 98,594,541 79,924,839 402,364 319,939
Long-term loans 82,876,071 87,452,221 338,217 350,071
Micro-financing loans 116,364 147,507 476 590
322,239,533 301,546,290 1,315,060 1,207,089
Consumer loans:
Mortgage loans 88,108,882 43,778,016 359,572 175,243
Credit cards 1,089,667 1,028,354 4,447 4,117
Consumer loans/Leasing 683,447 385,502 2,789 1,543
89,881,996 45,191,872 366,808 180,903
Total loans (gross) 412,121,529 346,738,162 1,681,868 1,387,992
Provisions for bad and doubtful debts (20,708,846) (13,176,166) (84,513) (52,744)
Unamortised loan commitment fees (810,485) (1,158,006) (3,308) (4,635)
390,602,198 332,403,990 1,594,047 1,330,613
a) Provision for bad and doubtful debts
Movements in the provisions for bad and doubtful debts are as follows:
2008 2007 2008 2007
US$ US$ Riel Million Riel Million
(Unaudited) (Unaudited)
At beginning of the year 13,176,166 12,033,815 53,772 48,171
Charges for the year 13,593,843 16,772,419 55,476 67,140
Recovery during the year (4,425,460) (15,631,743) (18,060) (62,574)
Amount written off (1,632,740) (560) (6,663) (2)
Exchange differences (2,963) 2,235 (12) 9
At end of the year 20,708,846 13,176,166 84,513 52,744
The Bank wrote off US$1,632,740 (2007: US$560) loans and advances which had been previously fully
provisioned. These write-offs have no effect on income statement.
Annual Report 2008 39