notes to the consolidated financial statements - Sacombank

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2011 8.3 Analysis by group 113 ANNUAL REPORT 2011 31.12.2011 31.12.2010 Million VND Million VND Current 79,840,392 82,010,384 Special mentioned 235,868 29,899 Sub-standard 101,981 31,454 Doubtful 193,335 60,776 Bad 167,911 352,290 8.4 Analysis by maturity 80,539,487 82,484,803 31.12.2011 31.12.2010 Million VND Million VND Short-term 49,972,927 51,904,547 Medium-term 16,330,141 16,282,072 Long-term 14,236,419 14,298,184 80,539,487 82,484,803 8.5 Analysis by currency 31.12.2011 31.12.2010 Million VND Million VND Denominated in Vietnamese Dong 64,090,562 68,483,419 Denominated in foreign currencies and gold 16,448,925 14,001,384 80,539,487 82,484,803 8.6 Analysis by geography Form B 05/TCTD - HN 31.12.2011 31.12.2010 Million VND Million VND Ho Chi Minh City 35,387,512 38,430,655 Mekong Delta 11,153,599 10,854,857 Central and Eastern 21,223,154 19,796,391 Northern 10,821,827 11,629,839 Overseas 1,953,395 1,773,061 80,539,487 82,484,803
8.7 Analysis by type of business entity 31.12.2011 31.12.2010 Million VND Million VND State-owned enterprises 3,677,347 2,583,839 Joint-stock companies 20,086,296 19,909,520 Limited companies 23,774,054 23,484,859 Private companies 4,859,534 4,253,642 Co-operatives 127,391 268,760 Joint ventures 331,227 167,258 100% foreign-owned enterprises 264,200 270,002 Individuals 27,254,519 30,876,486 Others 164,919 670,437 9 PROVISION FOR LOSSES ON LOANS, ADVANCES AND FINANCE LEASES TO CUSTOMERS Provision for losses on loans, advances and finance leases to customers as at 31 December comprises: 80,539,487 82,484,803 31.12.2011 31.12.2010 Million VND Million VND Specific provision 188,820 218,921 General provision 624,120 601,682 812,940 820,603 9.1 Specific provision for losses on loans, advances and finance leases to customers 2011 2010 Million VND Million VND At 1 January 218,921 102,587 Charge for the year 87,028 119,253 Utilisation during the year (*) (47,067) (2,919) Decrease due to disposal of a subsidiary (Note 11(i)) (70,062) At 31 December 188,820 218,921 (*) Loans are written-off at the discretion of the Bank’s Risk Management Committee when they consider that all reasonable efforts for recovery of doubtful loans, including legal actions, have been exhausted. Loans are writtenoff in accordance with the requirements of Decision 493/2005/QD-NHNN. ANNUAL REPORT 2011 114
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Explanation about the meaning of fi
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MAJOR FINANCIAL INDICATORS (in VND
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ANNUAL REPORT 2011 4
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9 REGION BRANCH 8 7 3 2 5 1 4 6 TRA
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shortcomings of intensive concentra
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From the left, Mr Dang Van Thanh -
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InCoRPoRAtIon AnD DEVELoPMEnt SACOM
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HIStoRICAL MILEStonES 21 December 1
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2011 EVEnt HIGHLIGHtS 1. 22 Februar
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5. 7 April 2011 - Ho Chi Minh City
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oRGAnIzAtIon CHARt Management and S
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IntRoDUCtIon to tHE BoARD oF DIRECt
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ACtIVItIES oF tHE BoARD oF DIRECtoR
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IntRoDUCtIon to tHE BoARD oF SUPERV
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IntRoDUCtIon to tHE BoARD oF MAnAGE
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For 20 years, Sacombank has been de
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In addition, to ensure the highest
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Liquidity risk (i) High inflation o
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and foreign exchange rates were con
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Day and Sacombank Plus in associati
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Frequent training was provided thro
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BÁO CÁO KẾT QUẢ KINH DOANH AN
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Criteria Rating Meanings Issue cred
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Development orientation of the bank
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lending portfolio in accordance wit
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on job position/title, and proper a
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CORPORATE GOVERNANCE With the aim o
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the proper implementation of these
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Data Center Launch the virtualisati
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OBJECTIVES AND MANAGERIAL RESOLUTIO
Page 65 and 66: asset portfolio with risks with the
Page 67 and 68: n Third: building the business netw
Page 69 and 70: Results for some operational safety
Page 71 and 72: NUMBER OF STB SHARES BY YEAR 208,94
Page 73 and 74: SHAREHOLDING STRUCTURE AT 31 DECEMB
Page 75 and 76: As a large and responsible listed o
Page 77 and 78: Of these, Sacombank focuses special
Page 79 and 80: FOR A BETTER LIFE n Continuing to p
Page 81 and 82: FINANCIAL STATEMENTS Bringing added
Page 83 and 84: CORPORATE INFORMATION Banking Licen
Page 85 and 86: AuDITOR’S REPORT INDEPENDENT AUDI
Page 87 and 88: BALANCE SHEET (continued) B LIABILI
Page 89 and 90: CASH FLOW STATEMENT (Direct method)
Page 91 and 92: CONSOLIDATED FINANCIAL STATEMENTS F
Page 93 and 94: STATEMENT BY MANAGEMENT STATEMENT O
Page 95 and 96: Opinion In our opinion, the consoli
Page 97 and 98: CONSOLIDATED INCOME STATEMENT (Cont
Page 99 and 100: CONSOLIDATED INCOME STATEMENT (Dire
Page 101 and 102: NOTES TO THE CONSOLIDATED FINANCIAL
Page 103 and 104: Inter-company balances, transaction
Page 105 and 106: n Second-time rescheduled debts whi
Page 107 and 108: Gains or losses from disposal of tr
Page 109 and 110: 2.13 Cash and cash equivalents For
Page 111 and 112: 4 BALANCES WITH THE STATE BANK 31.1
Page 113 and 114: 6 TRADING SECURITIES 31.12.2011 31.
Page 115: 8 LOANS, ADVANCES AND FINANCE LEASE
Page 119 and 120: (ii) Included in debt securities is
Page 121 and 122: Accumulated depreciation At 1 Janua
Page 123 and 124: 15 OTHER ASSETS 31.12.2011 Million
Page 125 and 126: Denominated in VND 31 December 2010
Page 127 and 128: The facility financed for a subsidi
Page 129 and 130: 21.1 Payables to customers Included
Page 131 and 132: Number of shares Ordinary shares Sh
Page 133 and 134: In accordance with Decree No. 146/2
Page 135 and 136: 28 FEES AND COMMISSION INCOME 2011
Page 137 and 138: 34 GENERAL AND ADMINISTRATIVE EXPEN
Page 139 and 140: The deferred income tax assets aris
Page 141 and 142: 41 COMMITMENTS UNDER OPERATING LEAS
Page 143 and 144: 44.1.1 Credit risk measurement and
Page 145 and 146: 44.1.4 Collaterals As a common prac
Page 147 and 148: 44.1.5 Credit quality (continued) T
Page 149 and 150: 44.1.6 Concentration of risks of fi
Page 151 and 152: 44.1.6 Concentration of risks of fi
Page 153 and 154: 44.2 Market risk The Group takes on
Page 155 and 156: 44.2.1 Foreign exchange risk (conti
Page 157 and 158: 44.2.2 Interest rate risk (continue
Page 159 and 160: 44.2.3 Price risk The Group is expo
Page 161 and 162: 44.3.1 On-balance sheet items CURRE
Page 163 and 164: 45 FAIR VALUE MEASUREMENT The conso
Page 165 and 166: 4. Dong Anh Transaction Office 55 G
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4. Thua Thien Hue Branch 126 Nguyen
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2. Phan Ri Cua Transaction Office 2
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3. Ong Ta Transaction Office 785-78
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5. Le Trong Tan Transaction Office
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1. My Xuyen Transaction Office 1 Av
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ANNUAL REPORT 2011 174
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SAIGON THUONG TIN COMMERCIAL JOINT
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notes to the consolidated financial statements - Sacombank

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