Annual report 2008-OK-B-up.qxp - Canadia Bank Plc.
Annual report 2008-OK-B-up.qxp - Canadia Bank Plc.
Annual report 2008-OK-B-up.qxp - Canadia Bank Plc.
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NOTES TO THE FINANCIAL STATEMENTS<br />
20. SHARE CAPITAL<br />
In 2007, OCIC conducted a corporate restructuring whereby it transferred its investment in the <strong>Bank</strong> to<br />
CIHP. The restructuring was approved by the Central <strong>Bank</strong> and the Ministry of Commerce. Consequently,<br />
CIHP is now the new holding company of the <strong>Bank</strong>.<br />
The total authorised amount of share capital as at 31 December <strong>2008</strong> was 40,545,000 shares (2007:<br />
40,545,000 shares) with a par value of US$ 1 per share. All shares are fully paid. There were no share movement<br />
during the year.<br />
21. NET INTEREST INCOME<br />
<strong>2008</strong> 2007 <strong>2008</strong> 2007<br />
US$ US$ Riel Million Riel Million<br />
(Unaudited) (Unaudited)<br />
Interest income:<br />
Loans and advances to customers 50,824,983 31,713,930 207,417 126,952<br />
Other banks 1,099,034 3,478,277 4,485 13,923<br />
The Central <strong>Bank</strong> 785,224 1,222,377 3,205 4,893<br />
Total interest income 52,709,241 36,414,584 215,107 145,768<br />
Interest expense:<br />
Non-bank customers' deposits 12,419,340 9,077,984 50,683 36,339<br />
Other banks 704,617 23,669 2,876 95<br />
Borrowing 240,071 266,088 980 1,065<br />
Total interest expense 13,364,028 9,367,741 54,539 37,499<br />
Net interest income 39,345,213 27,046,843 160,568 108,269<br />
<strong>Annual</strong> Report <strong>2008</strong> 47