notes to the consolidated financial statements - Sacombank

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155 444.2.2 Interest rate risk (continued) CURRENCY: Million VND 1-5 years Over 5 years Total 6-12 months 3-6 months 1-3 months Up to 1 month Non-interest bearing As at 31 December 2010 Overdue ANNUAL REPORT 2011 Assets Cash and precious metals - 12,677,849 - - - - - - 12,677,849 Balances with the State Bank - - 3,618,973 - - - - - 3,618,973 Placements with and loans to other credit - - 10,210,856 4,735,967 3,903,612 2,360,107 - - 21,210,542 institutions (*) Trading securities (*) - 1,430,078 17,525 - 350,000 687,807 - - 2,485,410 Derivatives and other financial assets - 7,082 - - - - - - 7,082 Loans and advances to customers (*) 474,419 - 26,091,248 49,111,699 3,433,207 1,540,049 1,694,700 139,481 82,484,803 Investment securities (*) - 529,642 1,003,970 1,712,915 2,571,765 3,662,966 11,879,016 178,122 21,538,396 Investment in other entities and long-term - 656,579 - - - - - - 656,579 investments (*) Fixed assets - 3,135,519 - - - - - - 3,135,519 Other assets (*) - 5,617,510 - - - - - - 5,617,510 Total assets 474,419 24,054,259 40,942,572 55,560,581 10,258,855 8,250,929 13,573,716 317,603 153,432,663 Liabilities Due to Government and borrowings from - - 4,599,720 5,957 8,225 18,048 83,396 13,455 4,688,801 the State Bank of Vietnam Deposits and borrowings from other credit - - institutions 6,303,163 4,593,625 2,727,273 1,255,115 530,450 - 15,409,626 Funds received from Government, - - international and other institutions 1,827,627 - 31,250 31,250 250,000 93,750 2,233,877 Deposits from customers - 802,682 50,490,430 20,680,654 3,043,681 2,458,037 859,747 185 78,335,416 Certificate of deposits - - 10,511,938 8,379,244 1,953,218 7,069,659 663,077 - 28,577,136 Other liabilities - 8,447,105 - - - - - - 8,447,105 Total liabilities - 9,249,787 73,692,878 33,659,480 7,763,647 10,832,109 2,386,670 107,390 137,691,961 Interest gap of balance sheet items 474,419 14,804,472 (32,750,306) 21,901,101 2,494,937 (2,581,180) 11,187,046 210,213 15,740,702 Interest gap of off balance sheet items - - - - - - - - - Total interest gap 474,419 14,804,472 (32,750,306) 21,901,101 2,494,937 (2,581,180) 11,187,046 210,213 15,740,702 (*): The above balances exclude provision. ANNUAL REPORT 2011 155
44.2.3 Price risk The Group is exposed to equity securities price risk. The price risk relating to held for trading equity securities is managed through the analysis of the market movement and investment decision is made based on the purpose of gaining profit in short term. Investments on available for sale equity investments are made based on business purpose of the Group taking into account of diversification in the investment portfolio. 44.3 Liquidity risk Liquidity risk is the risk that the Group is unable to meet its payment obligations associated with its financial liabilities when they fall due and to replace funds when they are withdrawn. The consequence may be the failure to meet obligations to repay depositors and fulfil commitments to lend. The Group’s treasury department is responsible for the liquidity management which is supervised by the Asset and Liability Committee (ALCO). The main management processes include: n Monitor the day-to-day mobilisation and lending activities; n Maintain a portfolio of securities that can be easily converted into cash; and n Monitor the balance sheet liquidity ratios against the regulatory requirements of the SBV. ANNUAL REPORT 2011 156
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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
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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
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Of these, Sacombank focuses special
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FOR A BETTER LIFE n Continuing to p
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FINANCIAL STATEMENTS Bringing added
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CORPORATE INFORMATION Banking Licen
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AuDITOR’S REPORT INDEPENDENT AUDI
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BALANCE SHEET (continued) B LIABILI
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CASH FLOW STATEMENT (Direct method)
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CONSOLIDATED FINANCIAL STATEMENTS F
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STATEMENT BY MANAGEMENT STATEMENT O
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Opinion In our opinion, the consoli
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CONSOLIDATED INCOME STATEMENT (Cont
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CONSOLIDATED INCOME STATEMENT (Dire
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NOTES TO THE CONSOLIDATED FINANCIAL
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Inter-company balances, transaction
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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 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: 44.2.2 Interest rate risk (continue
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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