notes to the consolidated financial statements - Sacombank

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