Strong Breakthrough - Masan Group

NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS (continued)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2010
Form B05/TCTD-HN
For the year ended 31 December 2010
Form B05/TCTD-HN
14. OTHER ASSETS
16. DEPOSITS AND BORROWINGS FROM OTHER CREDIT INSTITUTIONS
31/12/2010
VND million
31/12/2009
VND million
31/12/2010
VND million
31/12/2009
VND million
Receivables 8,747,242 3,889,531
• Internal receivables 174,352 86,623
• Deposits for offi ce rental 192,160 147,280
• Receivables from SBV relating to Interest Subsidy Program 47,507 108,581
• Advances for contracts 181,021 87,188
• Repurchase agreements with other credit institutions - 60,000
• Funds entrusted to other parties 3,724 510,623
• Advance to purchase securities (i) 7,869,982 1,681,150
• Deposits for gold, commodity and foreign currencies trading in futures markets 17,771 976,018
• Other external receivables 258,076 232,068
• Receivables on fund management activities 2,649 -
Accrued interest and fee receivables 2,219,043 1,112,806
Other assets 477,472 168,619
• Construction in progress 8,036 12,008
• Materials 65,694 53,802
• Prepayments 202,318 101,557
• Others 201,424 1,252
Deferred tax assets (ii) 23,922 21,942
Allowance for other on-balance sheet assets (184) (184)
11,467,495 5,192,714
(i)
These are short-term advances in VND to securities companies for the purpose of purchasing securities on
behalf of the Bank. As at 31 December 2010, no securities have been bought by the securities companies (31
December 2009: Nil). The securities companies paid annual interest rates ranging from 11.0% to 15.5% (2009:
10.0 % - 13.5 %) to the Bank from the date of advance to the date of purchasing securities during the year.
(ii) Deferred tax assets are attributable to the unearned revenue
15. AMOUNTS DUE TO THE GOVERNMENT AND THE STATE BANK OF VIETNAM
Demand deposits
Demand deposits in VND 3,453,561 242,687
Demand deposits in foreign currencies 3,445,992 303,786
Term deposits
Term deposits in VND 10,590,340 4,254,050
Term deposits in foreign currencies 4,710,085 2,906,443
22,199,978 7,706,966
Borrowings
Borrowings in VND 240,000 386,040
Borrowings in foreign currencies 5,343,136 2,253,080
5,583,136 2,639,120
17. DEPOSITS FROM CUSTOMERS
27,783,114 10,346,086
31/12/2010
VND million
31/12/2009
VND million
Current accounts
Current accounts in VND 8,437,188 8,175,620
Current accounts in foreign currencies 1,661,068 1,159,661
Term deposits
Term deposits in VND 56,025,427 37,204,824
Term deposits in foreign currencies 13,081,268 12,252,296
Marginal deposits
Marginal deposits in VND 704,805 1,587,693
Marginal deposits in foreign currencies 640,997 1,967,306
80,550,753 62,347,400
This represents borrowings from the State Bank of Vietnam under repurchase agreements of the Government
bonds (Note 10). These borrowings have original terms of 7 days (2009: 15 days) and bear annual interest rate of
10% (2009: 8%).
Deposits from customers by type of customers were as follows:
31/12/2010
VND million
31/12/2009
VND million
Economic entities 18,744,743 19,543,720
Individuals 61,806,010 42,803,680
80,550,753 62,347,400
Annual Report 2010
80
Annual Report 2010
81