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

More documents

Recommendations

Info

NOTES TO THE FINANCIAL STATEMENTS 28. CASH (USED IN)/GENERATED FROM OPERATIONS 2008 2007 2008 2007 US$ US$ Riel Million Riel Million (Unaudited) (Unaudited) Profit before income tax 27,592,062 25,143,485 112,603 100,649 Adjustments for: Depreciation and amortisation 1,282,794 799,904 5,235 3,202 Provision for loan losses (note 7a ) 13,593,843 16,772,419 55,476 67,140 Recovery of loan losses (note 7a ) (4,425,460) (15,631,743) (18,060) (62,574) Provision for staff gratitude obligations 810,350 - 3,307 - Gain on disposals of property and equipment (33,963) (1,373) (139) (5) Change in working capital: Balances with other banks 475,701 3,656,072 1,941 14,635 Loans and advances to customers (67,366,591) (128,137,122) (274,923) (512,933) Other assets 632,513 (2,243,895) 2,581 (8,982) Foreclosed properties 2,412,741 (314,051) 9,846 (1,257) Deposits from banks 19,038,577 2,866,795 77,697 11,476 Due to customers (15,208,054) 162,111,604 (62,064) 648,933 Other liabilities 1,255,786 619,234 5,126 2,478 Cash (used in)/generated from operations (19,939,701) 65,641,329 (81,374) 262,762 29. COMMITMENTS AND CONTINGENT LIABILITIES a) Loan commitments, guarantees and other financial liabilitie At 31 December 2008 and 31 December 2007, the Bank had the contractual amounts of the Bank's off-balance sheet financial instruments that commit it to extend credit to customers, guarantees and other facilities as follows: 2008 2007 2008 2007 US$ US$ Riel Million Riel Million (Unaudited) (Unaudited) Unused portion of approved credit facilities 28,459,913 39,748,989 116,145 159,115 Documentary credit 3,500,945 6,926,989 14,287 27,729 Bankers' acceptance 362,426 3,286,418 1,479 13,156 Performance and bankers' guarantees 644,632 759,482 2,631 3,040 Others 105,406 108,190 430 433 33,073,322 50,830,068 134,972 203,473 No material losses are anticipated as a result of these transactions. Annual Report 2008 51
NOTES TO THE FINANCIAL STATEMENTS 29. COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED) b) Lease commitments Where the Bank is the lessee, the future minimum lease payments under non-cancellable operating leases of its branches in Phnom Penh and provinces are as follows: 2008 2007 2008 2007 US$ US$ Riel Million Riel Million (Unaudited) (Unaudited) Not later than one year 307,385 176,080 1,254 705 Later than one year and not later than five years 770,315 589,160 3,144 2,358 Over five years 2,111,368 2,151,772 8,616 8,614 3,189,068 2,917,012 13,014 11,677 c) Capital expenditure and other service commitments The following are the capital commitments for new office buildings, new core banking software and other related services as at balance sheet date: Authorised and contracted for: 2008 2007 2008 2007 US$ US$ Riel Million Riel Million (Unaudited) (Unaudited) Not later than one year 5,656,910 1,425,464 23,086 5,706 Later than one year and not later than five years 622,188 559,753 2,539 2,241 6,279,098 1,985,217 25,625 7,947 The estimated total capital expenditure of the Bank's new head office building has been revised to approximately US$27.7 million, of which the cost incurred and capitalised under property and equipment to date is US$20.0 million. Out of the US$7.7 million of remaining capital expenditure, an amount of US$6.2 million has been contracted for. 52 Annual Report 2008
Page 1 and 2: Annual Report 2008 64
Page 3 and 4: sarlixitBIRbFan / naykRbtibtþi CUn
Page 5 and 6: CEO 4
Page 7 and 8: PRESIDENT’S AND CEO'S REPORT Dist
Page 9 and 10: VISION To be a premier and a well-r
Page 11 and 12: FIVE YEARS FINANCIAL REVIEW Total a
Page 13 and 14: RISK MANAGEMENT Being fully aware o
Page 15 and 16: BAD AND DOUBTFUL LOANS Before the f
Page 17 and 18: i) adopt appropriate accounting pol
Page 19 and 20: Opinion In our opinion, the accompa
Page 21 and 22: 20 Annual Report 2008
Page 23 and 24: )aykarN_lT§pl sMrab;dMNac;qñaMéf
Page 25 and 26: INCOME STATEMENT FOR THE YEAR ENDED
Page 27 and 28: 26 Annual Report 2008
Page 29 and 30: )aykarN_lMhUrsac;R)ak; sMrab;dMNac;
Page 31 and 32: CASH FLOW STATEMENT FOR THE YEAR EN
Page 33 and 34: 32 NOTES TO THE FINANCIAL STATEMENT
Page 35 and 36: 34 NOTES TO THE FINANCIAL STATEMENT
Page 37 and 38: NOTES TO THE FINANCIAL STATEMENTS 2
Page 51: NOTES TO THE FINANCIAL STATEMENTS 2
Page 73 and 74: Sihanouk Ville Independent Blvd., S
Page 75: Sovanna # 307-309, St. 271, Sangkat

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?