notes to the consolidated financial statements - Sacombank

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2011 20 CERTIFICATES OF DEPOSITS AND BONDS 125 ANNUAL REPORT 2011 31 December 2011 Denominated in Denominated in foreign currency VND and gold Million VND Million VND Total Million VND Short-term 11,615,643 3,680,838 15,296,481 Medium-term 1,910,102 410,125 2,320,227 13,525,745 4,090,963 17,616,708 31 December 2010 Denominated in Denominated in foreign currency VND and gold Million VND Million VND Total Million VND Short-term 4,501,935 17,629,939 22,131,874 Medium-term 5,567,484 877,778 6,445,262 21 OTHER LIABILITIES Form B 05/TCTD - HN 10,069,419 18,507,717 28,577,136 31.12.2011 31.12.2010 Million VND Million VND Accrued interest expenses 1,288,768 1,206,003 Remittance in transit payable 11,664 59,531 Payables to the State Budget 230,856 255,809 Payables to customers (Note 21.1) 11,813,907 12,150 Unearned interest income - 37,119 Payables to employees 470,505 69,457 Dividends payable 44,878 5,617 Other payables 472,702 406,284 Provision for severance allowance 16,564 15,794 Other provisions (Note 21.2) 135,100 52,388 Science and Technology Development Fund (Note 21.3) 61,053 80,245 Gold borrowings for trading purpose - 693,356 Payables in relation to gold margin trading in Cambodia - 2,631,213 Advances from investors for bond brokerage contracts - 2,922,139 14,545,997 8,447,105
21.1 Payables to customers Included in payables to customers is VND11,801,501 million of gold kept in custodian for customers. 21.2 Other provisions 2011 2010 Million VND Million VND General provision for losses on credit contingencies and commitments (i) 79,688 52,388 Provision for receivables from customers (ii) 55,412 - 135,100 52,388 (i) General provision for losses on credit contingencies and commitments 2011 2010 Million VND Million VND At 1 January 52,388 41,855 Charge for the year 27,300 10,533 At 31 December 79,688 52,388 (ii) Provision for receivables from customers: At 1 January Addition 256,830 Utilisation (201,418) At 31 December 55,412 21.3 Science and Technology Development Fund 2011 2010 Million VND Million VND 31.12.2011 31.12.2010 Million VND Million VND Science and Technology Development Fund - not yet used (i) 4,040 4,040 Science and Technology Development Fund-used (ii) 57,013 76,205 61,053 80,245 (i) Movement of Science and Technology Development Fund – not used: ANNUAL REPORT 2011 126
Page 2:
Explanation about the meaning of fi
Page 5 and 6:
MAJOR FINANCIAL INDICATORS (in VND
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ANNUAL REPORT 2011 4
Page 9 and 10:
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
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asset portfolio with risks with the
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n Third: building the business netw
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Results for some operational safety
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NUMBER OF STB SHARES BY YEAR 208,94
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SHAREHOLDING STRUCTURE AT 31 DECEMB
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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 and 116: 8 LOANS, ADVANCES AND FINANCE LEASE
Page 117 and 118: 8.7 Analysis by type of business en
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: The facility financed for a subsidi
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
Page 167 and 168: 4. Thua Thien Hue Branch 126 Nguyen
Page 169 and 170: 2. Phan Ri Cua Transaction Office 2
Page 171 and 172: 3. Ong Ta Transaction Office 785-78
Page 173 and 174: 5. Le Trong Tan Transaction Office
Page 175 and 176: 1. My Xuyen Transaction Office 1 Av
Page 177 and 178: ANNUAL REPORT 2011 174
Page 179:
SAIGON THUONG TIN COMMERCIAL JOINT
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