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)aykarN_RbcaMqñaM 2012<br />
2012 <br />
Annual Report 2012
matika<br />
<br />
CONTENTS<br />
TMB½r<br />
頁 碼<br />
Page<br />
3-14<br />
15<br />
16-17<br />
18-20<br />
21-26<br />
27-29<br />
30<br />
31-33<br />
34-36<br />
sarlixitCUncMeBaHPaKTunik<br />
致 利 益 相 關 方 的 信<br />
Leer to Stakeholders<br />
TsSn³vis½y ebskkmμ nigtMélsñÚl<br />
理 念 , 任 務 及 核 心 價 值 觀<br />
Vision, Mission and Core Values<br />
esckþIsegçbGMBIhirBaØvtßú<br />
財 務 摘 要<br />
Financial Highlights<br />
karTTYlxusRtUvkñúgsgÁm<br />
社 會 及 社 團 的 公 益 活 動<br />
Corporate Social Responsibility<br />
kareFVIGPi)alkic©rbs;FnaKar<br />
公 司 治 理<br />
Corporate Governance<br />
r)aykarN_rbs;RkumRbwkSaPi)al<br />
董 事 會 報 告<br />
Directors’ Report<br />
r)aykarN_rbs;svnkrÉkraCü<br />
獨 立 審 計 報 告<br />
Independent Auditor’s Report<br />
taragtulükarRkumh‘unrYm<br />
合 併 資 產 負 債 表<br />
Consolidated Balance Sheet<br />
r)aykarN_lT§plRkumh‘unrYm<br />
合 併 損 益 表<br />
Consolidated Income Statement<br />
TMB½r<br />
頁 碼<br />
Page<br />
37-39<br />
40-42<br />
43-45<br />
46-48<br />
49-51<br />
52-54<br />
55-120<br />
121-128<br />
129<br />
r)aykarN_bERmbRmYlmUlFnrYm<br />
合 併 股 東 權 益 變 動 表<br />
Consolidated Statement of Changes in Equity<br />
r)aykarN_lMhUrsac;R)ak;Rkumh‘unrYm<br />
合 併 現 金 流 量 表<br />
Consolidated Statement of Cash Flows<br />
taragtulükar<br />
資 產 負 債 表<br />
Balance Sheet<br />
r)aykarN_lT§pl<br />
損 益 表<br />
Income Statement<br />
r)aykarN_bERmbRmYlmUlFn<br />
股 東 權 益 變 動 表<br />
Statement Of Changes in Equity<br />
r)aykarN_lMhUrsac;R)ak;<br />
現 金 流 量 表<br />
Statement of Cash Flows<br />
kMNt;sMKal;r)aykarN_hirBaØvtßú<br />
財 務 報 表 備 註<br />
Notes to Financial Statements<br />
B½t’mansMrab;TMnak;TMng<br />
公 司 聯 係 方 式<br />
Corporate Contact Informaon<br />
bNþajsaxaFnaKar<br />
加 華 銀 行 分 行 營 業 網 絡<br />
Branch Network
សារលិខិតជូនចំះភាគទុនិក<br />
ភាពរងមាំ និងស្ថ ិរភាព តំណាងយធនាគារ កាណាឌីយា ក.អ។ ក្ន ងនាមជាធនាគារលមានើមទុនរងមាំ<br />
បំផុតក្ន ង សកម្ព ជា និងជាធនាគារលស ចបានលទ្ធ ផលហិរ វត្ថ ដ៏ខ្ព ស់សំ រាប់ឆា ំ <strong>២០១២</strong> ះ<br />
ើងកំពុងអនុវត្ត ឧត្ត មភាព កួត ងរបស់ើង រ ះដ៏លីរន្ទ ឺ និងប្ក ើន ក់ចំញជូនភាគទុនិក<br />
កបយជំឿទុកចិត្ត ជាមួយនឹងចក្ខ វស័យចស់លាស់ ើងងផ្ដ ល់ជូននូវវា ដ៏ល្អ បំផុតជូន អតិថិជន<br />
របស់ើង។<br />
វស័យធនាគារ<br />
និង<br />
ហិរ វត្ថ លមានក្ន ង<br />
សកម្ព ជា បន្ត<br />
ស្ថ ិរភាពលជាលទ្ធ<br />
ផលការរកចំន<br />
ើ ប់វស័យ និង<br />
លនបាយ<br />
ដ៏ ើរបានជួយដល់<br />
កំើនចំះ ក់<br />
ប ើ<br />
និង ក់កម្ច ី<br />
យាងឆាប់រហ័ស និងគួរយគត់សមា ល់ជាខា ំងយ<br />
តុថា ចំនួន ជាជន មាណ ១៣ ភាគរយប៉ុ ះ<br />
ល ើ ស់វាហិរ វត្ថ ។ វស័យះរពឹងថានឹង<br />
បន្ត ទទួលបានកំើនអ្ន ក ើ ស់វាប្ថ មៀត<br />
នាលអនាគត។ ជាមួយនឹងកំើនដ្ឋកិច្ច យាង<br />
ឆាប់រហ័ស សកម្ព ជា និងការឿទុកចិត្ត របស់<br />
សាធារណជនទូ និងការផ្ត ល់ទំនុកចិត្ត ក្ន ង ព័ន្ធ<br />
ធនាគារ ើងរពឹងថានឹងទទួលបានកំើនស្ថ ិរ ភាព<br />
ទូទាំងវស័យះជារួម និងសំរាប់ធនាគារ កាណាឌីយា<br />
ក.អ ជាពិសផងរ ។<br />
យអនុវត្ត នូវយុទ្ធ សា្ត ដ៏រងមាំ និងមាន វត្ត ិ គ<br />
ជ័យនាលកន្ល ងមក ធនាគារ កាណាឌីយា ក.អ<br />
អាចធានាបាននូវចំណាត់ថា ក់ ឈានមុខ តាមរយៈ<br />
ការ តើយុទ្ធ សា ្ត<br />
ទីផរ។<br />
បំញតាមត វ ការរបស់<br />
ើងបន្ត ្វ ើឱ ើរើងនូវ ក់ចំណល<br />
តាមរយៈការ្វ ើពីពិធកម្ម ក់ចំណលរបស់ើង ខណៈ<br />
លលើង វកាត់បន្ថ យ ហានិភ័យរបស់ើង<br />
តាមរយៈការ ប់ ងផលប័ ឥណទាន កបយ<br />
សិទ្ធ ភាព។ ធនាគារ បន្ត ្វ ងរកឱកាសើមីរកលូត<br />
លាស់ និងកំរទ ង់ជាសា ប័នហិរ វត្ថ លឈាន<br />
មុខ។<br />
លទ្ធ ផលហិរ វត្ថ <br />
ការ តជាសំខាន់ើលទ្ធ ផលហិរ វត្ថ ជាមួយ នឹង<br />
គណយភាពហិរ វត្ថ កបយភាព ឹម វ និង<br />
អាចវាស់ងបានអាចអនុ តឱើង កសាងនូវតារាង<br />
តុលការមួយ លនឹងប្ក ើននកំើនអាជីវកម្ម<br />
ស ប់ឆា ំខាងមុខ។ ើងផ្ត ល់ត្ល ្ម ើគា ើសារៈ<br />
សំខាន់នូវកំើន ក់ចំណល<br />
និង ក់ចំញក៏<br />
ដូចជាើអនុបាតសាច់ ក់ងាយ ួល និងអនុបាត<br />
ចំណាត់ថា ក់ើមទុន ល កបយភាពរងមាំ។<br />
លជាមួយគា ះរ ើងប្ក ើតយុទ្ធ សា ្ត ច ស់<br />
លាស់ើមី្វ ើអ្វ ីលមានសារៈសំខាន់<br />
ើមីប ើ<br />
អតិថិជន និងរក ក់ចំណល។ លទ្ធ ផលហិរ វត្ថ ដ៏<br />
ខ្ព ស់ះ បាននាំយើងទទួលបាននូវពានរងា ន់<br />
សមិទ្ធ ផលហិរ វត្ថ ដ៏្ន ើមជាងបំផុតក្ន ង ស<br />
កម្ព ជាពី ុមអ្ន កចង ង ទិន្ន ន័យអន្ដ រ ជាតិ (IDG)<br />
អាសាន។ ពានរងា ន់ះ វបាន ផ្ត ល់ជូនក្ន ងកម្ម វធី<br />
អាហារលលា ចលបានៀបចំ្វ ើើង្ង ទី ០៥<br />
មិថុនា ឆា ំ២០១៣ រាជធានីភ្ន ំញ។<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 03
ក្ន ងឆា ំ <strong>២០១២</strong> ើងទទួលបានលទ្ធ ផល្ន ក<br />
ហិរ វត្ថ ើនើង និងច គួរឱកត់សមា ល់។<br />
ើងខ្ញ ំមានចក្ត ីរករាយ សូមជ បជូនថា ធនាគារ<br />
កាណាឌីយា ក.អ ស ចបាននូវលទ្ធ ផលហិរ វត្ថ គួរ<br />
ឱកត់សមា ល់ក្ន ងឆា ំ <strong>២០១២</strong> ជាមួយនឹងកំើន<br />
ក់ចំញសុទ្ធ ក់កម្ច ី និង ក់ប ើ និងការរក<br />
បាននូវចំណាត់ថា ក់ើមទុនដ៏រងមាំ។ កំើនះ<br />
ស ចបានយការ តជាសំខាន់ើការអនុវត្ត<br />
យុទ្ធ សា ្ត របស់ើង កបយ សិទ្ធ ភាព និង<br />
សមត្ថ ភាពរបស់ធនាគារើមីស បខ្ល ន និង ើល<br />
ើលើទីផរ លកំពុងវវត្ត ិក្ន ងនដ៏ឿន<br />
មួយ ។<br />
ឆា ំ <strong>២០១២</strong> ក់ចំញសុទ្ធ របស់ើងបានើន<br />
ើង ៦៣% ើ ៀបៀបនឹងកាលពីឆា ំ ២០១១<br />
្ម ើនឹង ៣៥ លានដុលា រសហរដ្ឋ អារក។ ើសពីះ<br />
ៀត ការ តើការរក ក់ចំណលស្ន ល អនុបាត<br />
ក់ចំញៀបនឹង ពភាគទុនិកបានើនើង<br />
ដល់ ១៧,៦៥% គឺើនើង ១៧% ើ ៀបៀប<br />
នឹងឆា ំមុន។ ក់ចំណលក្ន ងមួយហ៊ុនក៏បានើន<br />
ើង ០,២៨ ដុលា រសហរដ្ឋ អារក ើ ៀបៀប<br />
នឹង ០,២១ ដុលា រសហរដ្ឋ អារក កាលពីឆា ំកន្ល ង។<br />
កំើនដ៏ខ្ព ស់ពីចំណលការ ក់ឥណទាន និងបុ<br />
ទានដល់អតិថិជនល្វ ើយចំណលការ ក់សុទ្ធ<br />
ើនើងក្ន ងទំហំដ៏ធំមួយដល់ ៥២,០% គឺ ៥៦,១<br />
លានដុលា រសហរដ្ឋ អារក ។ ើងក៏ តើការ<br />
មូល ក់ប ើសនំលចំណាយការ ក់ទាបើយ<br />
វាក៏ជួយជំរុញចំណលការ ក់របស់ើងយកាន់<br />
ខ្ព ស់ផងរ ។<br />
ធនាគារ កាណាឌីយា ក.អ បន្ត រក នូវកំរត<br />
ើមទុនដ៏រងមាំជាមួយនឹងើមទុនលំដាប់ថា ក់ទី១ គឺ<br />
២០,០៨% និងអនុបាតើមទុនសរុប ប់ ន់ចំនួន<br />
២០,០២%។ អនុបាតសាធនភាពគឺ ២០,៦% និងសាច់<br />
ក់ងាយ ួលគឺ ៧៩,២% លស្ថ ិតើត វការ<br />
អនុបាតអបរមាលចប់កំណត់ ឹម ១៥% សំរាប់<br />
អនុបាតសាធនភាព និង ៥០% សំរាប់អនុបាតសាច់<br />
ក់ងាយ ួល ។ អនុបាតទាំងះឆ្ល ះប ំងឱើញ<br />
ពីយុទ្ធ សា ្ត លបាន ងទុកជាមុន ើមីរកកំរត<br />
សាច់ ក់ងាយ ួលយឈរើកំរតរងមាំតាម<br />
រយៈការ មូល ក់ប ើ ការ្វ ើពិពិធកម្ម ភពហិរ-<br />
បទាន និងការៀបចំយមាន ពសកម្ម ងាយ<br />
ួល ។<br />
ពសកម្ម សរុបើនើងដល់ ១,៥៤៥ លានដុលា រ<br />
សហរដ្ឋ អារក ្ម ើនឹង ២៣,១% ើៀបនឹងឆា ំ<br />
២០១១ ចំក ក់កម្ច ីបានើនើងដល់ ៨៨០,៥<br />
លានដុលា រសហរដ្ឋ អារក គឺ្ម ើនឹង ១៧,១% ខណៈ<br />
ល ក់ប ើបានើនើង ២១,២% គឺ្ម ើនឹង<br />
១,២៨៣ លានដុលា រអារក។ ក្ន ងឆា ំ <strong>២០១២</strong><br />
ចំកទីផរ ក់ប ើរបស់ើង រ<br />
១៩,០% និងចំកទីផរផ្ត ល់ ក់កម្ច ីរបស់ើង<br />
គឺមានចំនួន១៧% ។<br />
"លទ្ធ ផលហិរ វត្ថ ដ៏ខ្ព ស់ ការ្ត ជា ចិត្ត មិនអាចកាត់្ល<br />
បានចំះភាគទុនិក អតិថិជន និងនិជិត។ ការ្ត ជា<br />
ចិត្ត យាងខា ប់ខ្ជ ន ចំះអនាគតរបស់ ះរាជាណាច<br />
កម្ព ជា ធនាគារ កាណាឌីយា ក.អ រងមាំ"<br />
ក់ចំណលសុទ្ធ បានើនើង ២៥% ្ម ើនឹង ១២,៥<br />
លានដុលា រអារកើៀបនឹងឆា ំមុនគឺ ១០ លានដុលា រ<br />
អារក យទទួលបានពីក វាៀបចំ ក់កម្ច ី<br />
វា្ទ រ ក់ និងក វាពាក់ពន្ធ ័ងៀត និង<br />
យការ ប់ ងចំណាយ កបយការ ុង យ័ត្ន<br />
ខ្ព ស់យការកាត់បន្ថ យអនុបាត ចំណាយើ តិបត្ត ិ ការ<br />
ៀបនឹង ក់ចំណលដុលពីចំនួន ៣៧,៤% ៣០,៣%<br />
ក្ន ងឆា ំះ។<br />
04<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
ក្ន ងបរបទ កួត ងយាងខា ំងះ ធនាគារ<br />
កាណាឌីយា ក.អ ទទួលបានកំើន ផល ័តឥណទាន<br />
យ តើគុណភាពឥណទានជាអាទិភាព និង<br />
ើងអាច ប់ ងចំនូលពីឥណទានសរុបជាមួយនឹង<br />
កំើនគួរយកត់សមា ល់។ រួមជាមួយនឹងការ ប់<br />
ង កបយ សិទ្ធ ភាពខ្ព ស់ះ ចំនូល តិបត្ដ ិ<br />
ការសរុបបានើនើង ជាង ៣៥% ើ ៀបៀប<br />
នឹងឆា ំ២០១១ គឺ្ម ើនឹង ៧០លានដុលា រអារក។<br />
កំទ ង់ើមីភាពរកចំន<br />
• ការអភិវឌន៍អាជីវកម្ម ថ្ម ី<br />
ការរីកចំរើនកាន់តែខ្លាំងឡើងនៃតម្លៃផលិតផល<br />
និងវាកម្ម នឹងផ្ដ ល់ឱើងនូវ ភពចំណល<br />
ប្ថ មៀត ពីជ ើសកាលានុវត្ដ ភាពអាជីវកម្ម<br />
លនឹងទទួលបានផលជាវជា មាន និង កួត<br />
ងទាំងក្ន ង សកម្ព ជា និងក្ន ងតំបន់។<br />
• ការ តពិនិត និង ប់ ងហានិភ័យ<br />
វបធម៌ និង បខណ ប់ ងហានិភ័យដ៏រមាំ<br />
មួយចាំបាច់ វ្វ ើឱមានតុលភាព រវាងបរបទ<br />
ទីផរ កួត ង និងយុទ្ធ សា្ដ អាជីវកម្ម រ<br />
បស់ើង។<br />
ធនាគារទទួលសា ល់ថា ើមីរកបានជាធនាគារល<br />
ឈានមុខ ះរាជាណាច កម្ព ជា<br />
្ល ើយតប<br />
ធនាគារ វ<br />
និងស ចចិត្ដ យបាន ឹម វនឹង<br />
ល័ក្ខ ខ័ណ ទីផរថ្ម ី និងភាពជាក់្ដ ង។ ទាំងអស់ះ<br />
ឆ្ល ះប ំងពីការ ើ ស់នូវយុទ្ធ សា្ដ ដ៏ខា ំង របស់<br />
ើងជាមួយនឹងថា ក់ ប់ ង លមានបទពិធន៍<br />
ជា ើនឆាំក្នងវស័យះ ើមីបន្ដនូវមាគារល កប<br />
យលចស់លាស់។ ធនាគារបានកសាង<br />
នូវទំនុកចិត្ដ និងវនិគើធនធានមនុស ើមី<br />
ធានា នូវ តិបត្ដ ិការ ល កបយ សិទ្ធ ភាពខ្ព ស់<br />
និងធានាបាននូវការផ្ដ ល់វាដ៏ល្អ បំផុត ជូនអតិថិជន<br />
របស់ើង។<br />
• ការើកម្ព ស់អាជីវកម្ម ស្ន ល<br />
អាជីវកម្ម ស្ន លរបស់ធនាគារដូចជាការទទួល ក់<br />
ប ើ និងការផ្ដ ល់ ក់កម្ច អាចប្ក ើត ក់ចំណល<br />
រហូតដល់ ៨០% ចំណលទាំងអស់របស់<br />
ធនាគារ។ ដូ្ន ះើមីប្ក ើន ក់ចំណលឱមាន<br />
រភាព ើង វអនុវត្ដ អាជីវកម្ម ស្ន លរបស់<br />
ើងើមីទទួលបានកំើន ក់ចំណលប្ថ ម<br />
ៀត។<br />
• ការ ប់ ងធនធានមនុស<br />
និងការចូលរួម<br />
របស់បុគ្គ លិក<br />
ើមីជំរុញឱបុគ្គ លិកខា ំងពូ ើងបានប្ក ើត<br />
ត្ល សំខាន់ៗដូចជា ភាពឿជាក់ ភាពជាមា ស់<br />
ការ និងលទ្ធ ផលការងារក្ន ងការ្វ ើ យ ធនាគារ<br />
ឈានមុខ ក្ន ងបរបទ កួត ងកាន់ខា ំង<br />
ើងនាលបច្ច បន្ន ះ។<br />
• ដំើរការ និង សិទ្ធ ភាព ុមហ៊ុន<br />
ើមីធានាបាននូវដា រចនាសម្ព ័ន្ធ និងធនធាន<br />
របស់អង្គ ភាពមួយ ើង វពិនិតើលថាើ<br />
ធនធានមនុស ការចំណាយ និងលលា ឬ<br />
ការយកចិត្ដ ទុកដាក់ ទាំងអស់ះ វ បាន ើ<br />
ស់ យាងមាន សិទ្ធ ភាពក្ន ងការស ចល<br />
ជាយុទ្ធ សា្ដ អាជីវកម្ម។<br />
ការទទួលខុស វចំះសង្គ ម<br />
ើងបានព ីកកម្ម វធីការទទួលខុស វ ចំះ សង្គ ម<br />
និងើកទឹកចិត្ដ ឱបុគ្គ លិកចូលរួម<br />
ក្ន ងសហគមន៍។<br />
ធនាគារ កាណាឌីយា និងបុគ្គ លិកទាំងអស់ងគាំ<br />
ដល់និសិតពូ យផ្ដ ល់អាហារូបករណ៍ជូននិសិត<br />
ទាំងះ និងសាខាៀននានាតាម ជនបទដាច់<br />
យាល តាមរយៈការផ្ដ ល់ហិរ វត្ថ ដូចជាការបរចា គ<br />
ការះជុំរយុវជន និងកម្ម វធីអភិវឌន៍អាជីព និងការងារ<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 05
ស ប់និសិតមិន<br />
ទាន់ ប្ច ប់ការសិក។<br />
ើងផ្ដ ល់ត្ល ខ្ព ស់<br />
ចំះការអប់រនិង<br />
គាំ ដល់ជន ី<br />
ើមីទទួលបានការ<br />
អប់រ។ ើងឿជាក់<br />
ថាការចូលរួមបន្ដ ិច<br />
បន្ដចះនឹង្វើឱ សហគមន៍ទាំងមូលមានភាពខុស្លក<br />
និងកាន់ ើរមុខ និងមានសុទិដ្ឋ ិនិយមចំះ<br />
ការផា ស់ប្ដ រជានិរន្ដ ន៍។<br />
ការសម្ល ឹងើលមុខយភាពឿជាក់<br />
ឮ<br />
ឆា ំ២០១៣ គឺជាឆា ំដ៏សំខាន់ស ប់ធនាគារ កាណាឌីយា<br />
ការ តើយុទ្ធ សា្ដ និងការ ប់ ងហានិភ័យឱ<br />
បាន ឹម វ<br />
អាចអនុ តឱ ៀមខ្ល នរួចជា ច<br />
កបយទំនុកចិត្ដ ើមី ឈមនឹងការ កួត<br />
ងដ៏ខា ំងកា ក្ន ងវស័យធនាគារ។ ធនាគារ<br />
កាណាឌីយា នឹងបន្ដ អនុវត្ដ នូវយុទ្ធ ស្ដ ដ៏មាន សិទ្ធ ភាព<br />
ើមីធានាបាននូវការរកចំន និងវឌនភាព។ ប្ថ ម<br />
ពីះ ើងបានប្ក ើតនូវគំនិតផ្ដ ច្ដ ើមជាយុទ្ធ សា្ដ<br />
ជា ើន ើមីរកបានជាធនាគារឈានមុខ មិន ឹម<br />
ក្ន ង សកម្ព ជាប៉ុ ះ មទាំងជាធនាគារ<br />
នាំមុខក្ន ងតំបន់ លអាចឱើងកា យជាសា ប័ន<br />
ផ្ដ ល់វាហិរ វត្ថ ជាសកលតាមរយៈ<br />
លធនាគារ កាណាឌីយា គឺជាធនាគារមួយល<br />
ទទួលបានទំនុកចិត្ដ បំផុតក្ន ង សកម្ព ជា។<br />
• តការយកចិត្ដ ទុកដាក់ និង្ដ ជា ចិត្ដ រកទំនាក់<br />
ទំនងជា មួយអតិថិជនឱបានខា ំងកា និងមាន<br />
ភាពស្ន ិទ្ធ សា ល តុះើយ ើងឿជាក់<br />
ថានឹងទទួលនូវការរកចំនជារភាព។ យ<br />
ទទួលបានទំនុកចិត្ដពីអតិថិជនបានជំរុញឱើង<br />
កាន់ខិតខំ ឹង ងប្ថ មៀត ើមីបំញ<br />
វាកម្ម ដ៏ល្អ បំផុតជូនអតិថិជន។<br />
• ការប្ក ើតសម្ព ័ន្ធ ភាពជាយុទ្ធ សា្ដ ជាមួយ<br />
គូ ស ក្ន ងការព ីកផលិតផល និងវា<br />
កម្ម ធនាគារស ប់សហ សខា តតូច និងមធម<br />
វាកម្ម មី ហិរ វត្ថ និងវាកម្ម ធានារាប់រង<br />
អាយុជីវត ើមីប ើ អតិថិជនកាន់ ើរ<br />
ជាង មុន។ តាមរយៈសម្ព ័នភាព ជាយុទ្ធ សា្ដ ះ<br />
នឹងជំរុញឱធនាគារ កាណាឌីយា កាន់រកចំន<br />
យទទួលបាន ភពចំណលនានា។ តុ<br />
ដូ្ន ះើយ ើងនឹងបន្ដ ការខិតខំ ឹង ងឱ<br />
អស់ពីសមត្ថ ភាព ើមីផ្ដ ល់វាដ៏ល្អ បំផុតជូន<br />
អតិថិជន ដល់ ប់តំបន់លើងកំពុង្វ ើ<br />
តិបត្ដ ិការអាជីវកម្ម ។<br />
• ្វ ើឱ ើរនូវដា រចនាសម្ព ័ន្ធ ព័ត៌មានវទ<br />
និងការដាក់ឱដំើរការវាកម្ម ធនាគារតាម<br />
អ៊នធឺត នឹងផ្ដ ល់នូវភាពងាយ ួលឱកាន់<br />
ើរើង ជូនអតិថិជនជា ុមហ៊ុន និង<br />
ឯកត្ដ ជន។<br />
• ធនាគារ កាណាឌីយា នឹងជំរុញនូវការ កួត<br />
ងតាមរយៈការអនុវត្ដ ន៍កម្ម វធី<br />
អភិវឌន៍<br />
និងហ្វ ឹកហ្វ ឺនពសលបុគ្គ លិក ការគាំ ការ<br />
រកចំនរភាព និងកា យជានិជកដ៏ល្អ ។<br />
• ើងនឹងបំញត វការរបស់អតិថិជន យ<br />
ផ្ដ ល់ជូន អតិថិជននូវវាកម្ម លមានគុណ<br />
ភាពខ្ព ស់បំផុត តាមរយៈបទពិធន៍ជាង ២២ ឆា ំ<br />
06<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
ការ្ល ងអំណរគុណ<br />
ខ្ញ ំសូម្ល ងអំណរគុណដ៏ ះ ជូនដល់និជិតធនាគារ<br />
កាណាឌីយា ទាំងអស់ចំះការខិតខំ ឹង ងការចង្អ ល<br />
បងា ញ និងការដឹកនាំដ៏ឆា ត និងខ្ញ ំសូម្ល ងអំណរគុណ<br />
ជាពិសជូនសមាជិក ុម ឹកភិបាលចំះឆន្ទ ះដ៏<br />
ឧដ្ដ ងឧត្ដ ម លនាំើងខ្ញ ំឱស ចបានលទ្ធ ផលដ៏<br />
គជ័យះ។<br />
ខ្ញ ំសូម្ល ងអំណរគុណយាង ល ជូនអតិថិជន<br />
ទាំងអស់លងគាំ ធនាគារ កាណាឌីយា អស់<br />
រយៈលជាង២២ឆា ំ កន្ល ងមកតាមរយៈត វការ្ន ក<br />
ហិរ វត្ថ នា លកន្ល ងមក និងអនាគត។ ើងខ្ញ ំ<br />
មានទភាព ក្ន ងការប ើវាជូនក-ក ី<br />
ុម សារ មទាំងសហគមន៍របស់ើងទាំងមូល។<br />
ើងខ្ញ ំមានចក្ដ ីរករាយ<br />
នឹងរង់ចាំប ើវាជូន<br />
ក-ក ី ប់លលា ើយក-ក ី<br />
អ្ន កងជាគូលមិន អាចខ្វ ះ បានរបស់ ធនាគារ<br />
កាណាឌីយា។<br />
ជាចុង យះ ខ្ញ ំសូម្ល ងអំណរគុណជូនដល់រាជរដា<br />
ភិបាលកម្ព ជា និងជាពិសជូនធនាគារជាតិកម្ព ជា<br />
ចំះ ការបន្ដ ការគាំ យកចិត្ដ ទុកដាក់ និងជាមគ្គ <br />
សន៍ ដឹកនាំដ៏ឧដ្ដ ងឧត្ដ ម។<br />
ខ្ញ ំសូម្ល ងអំណរគុណ ដល់និតជិតរបស់ើង<br />
ទាំងអស់ចំនួន ១,៥០០ ចំះការរួមចំក និងខិតខំ<br />
បំញការងារ។ និតរបស់ើងទាំងអស់ខិតខំ<br />
លំអរការផ្ត ល់វាជាៀងរាល់ល ើមីបំវាជូន<br />
អតិថិជនយបានល្អ បំផុត។ និជិតរបស់ើង<br />
កំពុងបំញត វជូនអតិថិជន លអាចយើង<br />
កសាងនូវសា ប័នផ្ត ល់វាហិរ វត្ថ លំដាប់ថា ក់ពិភព<br />
ក។<br />
ជាចុង យ ខ្ញ ំសូម្ល ងអំណរគុណដល់ភាគទុនិករបស់<br />
ើងលងជួយគាំ ជាៀងដ៏រាបមក។ ើគា ន<br />
ពួក ើងក៏មិនអាចទទួលបាននូវកំើន និងរក<br />
ចំនយាង ះរ។<br />
ធនាគារកាណាឌីយា កាន់ភា ប់ ្ត ជា ចិត្ត ស្ថ ិ រភាព រងមាំ<br />
ចរតលក្ខ ណះដ៏រងមាំលទទួលការគាំ និងមានជំឿទុកចិត្ត ពី សាធារណជនទូទៅ<br />
ពុង ឃាវ<br />
ធាន ុម ឹកភិបាល<br />
(MICHAEL) LOR CHEE LENG<br />
អគ្គ នាយក<br />
កាលបរ្ឆ ទៈ ១៧ មិថុនា ២០១៣<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 07
致 利 益 相 關 方 的 信<br />
加 華 銀 行 的 品 牌 代 表 著 實 力 和 穩 定 性 。 作 為 柬 埔 寨 資 本 水 平 最 好 和 2012 年 財 務 表 現 最 突 出 的 銀<br />
行 之 一 , 我 們 信 心 十 足 地 發 揮 自 身 競 爭 優 勢 , 憑 藉 良 好 的 聲 譽 和 強 大 的 企 業 名 望 , 不 斷 驅 動 股<br />
東 價 值 。 抱 著 明 確 的 目 標 , 我 們 將 一 如 既 往 地 致 力 於 為 廣 大 客 戶 提 供 品 質 最 優 的 產 品 和 服 務 。<br />
由 於 全 行 業 系 統 的<br />
逐 步 改 善 和 政 策 的<br />
日 益 健 全 , 柬 埔 寨<br />
的 銀 行 和 金 融 部 門<br />
持 續 保 持 穩 定 , 這<br />
有 助 於 促 進 存 款 和<br />
貸 款 的 快 速 增 長 。<br />
對 只 有 百 分 之 十 三<br />
的 柬 埔 寨 人 口 可 獲<br />
得 金 融 服 務 來 說 ,<br />
如 此 快 速 的 增 長 著<br />
實 令 人 讚 歎 , 尤 其<br />
是 剩 余 高 達 百 分 之<br />
八 十 七 的 有 待 開 發<br />
的 市 場 空 間 , 所 帶 來 的 成 長 潜 力 将 是 更 加 可 观<br />
的 , 這 已 成 為 業 內 的 共 識 。 隨 著 柬 埔 寨 經 濟 飛<br />
速 發 展 , 以 及 廣 大 民 眾 對 銀 行 體 系 的 信 心 , 我<br />
們 預 計 整 個 行 業 包 括 加 華 銀 行 將 繼 續 保 持 穩 定<br />
增 長 。<br />
憑 藉 我 們 強 大 的 企 業 名 望 和 穩 健 堅 實 的 經 營 歷<br />
史 , 加 華 銀 行 通 過 實 施 專 注 于 滿 足 市 場 需 求 的<br />
戰 略 規 劃 , 繼 續 鞏 固 自 身 銀 行 業 的 領 軍 者 地<br />
位 。 我 們 以 拓 展 收 入 渠 道 和 積 極 的 貸 款 組 合 管<br />
理 , 強 化 抗 風 險 能 力 , 不 斷 提 升 我 行 在 柬 埔 寨<br />
市 場 的 影 響 力 。 作 為 行 業 領 先 的 金 融 機 構 , 加<br />
華 銀 行 一 貫 致 力 於 尋 求 新 增 長 點 和 不 斷 增 強 自<br />
身 實 力 。<br />
業 績 表 現<br />
我 們 注 重 自 身 財 務 表 現 , 審 慎 嚴 謹 地 履 行 會 計<br />
責 任 , 建 立 清 晰 的 資 產 負 債 表 , 推 動 未 來 業 務<br />
的 持 續 快 速 增 長 。 我 們 也 同 樣 注 重 收 入 和 利 潤<br />
的 不 斷 增 長 , 以 及 充 足 的 資 金 流 動 性 和 資 本 狀<br />
況 。 同 時 , 我 們 針 對 如 何 能 更 好 地 服 務 客 戶 和<br />
驅 動 收 入 增 加 , 而 建 立 了 明 確 的 戰 略 方 針 。<br />
這 種 堅 持 財 務 審 慎 原 則 的 嚴 謹 紀 律 , 使 我 們<br />
榮 獲 了 國 際 數 據 集 團 ( 東 盟 )(IDG ASEAN) 頒 發<br />
的 “ 柬 埔 寨 最 傑 出 財 務 表 現 銀 行 " 的 榮 譽 。<br />
2013 年 6 月 5 日 , 我 行 于 國 際 數 據 集 團 ( 東 盟 )<br />
在 金 邊 市 舉 行 的 晚 宴 上 獲 得 此 項 殊 榮 。<br />
我 們 欣 喜 地 向 大 家 彙 報 ,2012 年 加 華 銀 行 的 盈<br />
利 能 力 和 財 務 效 益 業 績 斐 然 , 再 創 佳 績 , 淨 利<br />
潤 , 貸 款 和 存 款 的 增 長 , 均 保 持 強 勁 勢 頭 。 這<br />
些 得 益 于 我 們 專 注 和 高 效 地 執 行 戰 略 規 劃 , 凸<br />
顯 了 加 華 銀 行 在 擴 張 態 勢 的 市 場 中 所 具 備 的 強<br />
大 適 應 能 力 , 和 對 市 場 動 態 及 發 展 方 向 的 敏 锐<br />
洞 察 力 和 準 確 预 判 力 。<br />
2012 年 , 我 行 的 凈 利 潤 與 2011 年 相 比 增 長 了 百<br />
分 之 六 十 三 , 達 到 三 千 八 百 万 美 元 。 此 外 , 由<br />
於 有 效 專 注 核 心 業 務 盈 利 , 我 們 的 股 東 權 益 回<br />
報 率 (ROE) 上 升 至 百 分 之 十 七 點 六 五 , 與 去 年<br />
相 比 提 高 了 百 分 之 十 七 。 每 股 收 益 也 從 去 年 同<br />
期 的 0.21 美 元 增 加 至 0.28 美 元 。<br />
客 戶 貸 款 和 墊 款 的 增 長 驅 動 凈 利 息 收 入 達 到 五<br />
千 六 百 一 十 万 美 元 , 增 長 了 百 分 之 五 十 二 。 我<br />
們 著 重 低 成 本 存 款 以 更 有 效 地 管 理 息 差 。<br />
得 益 于 貸 款 處 理 費 , 匯 款 及 其 他 相 關 費 用 收 入<br />
的 大 幅 上 升 , 淨 手 續 費 收 入 同 比 增 長 了 百 分 之<br />
二 十 五 , 從 去 年 的 一 千 萬 美 元 增 至 一 千 二 百 五<br />
十 萬 美 元 。 與 此 同 時 , 我 們 通 過 謹 慎 的 成 本 控<br />
制 措 施 , 全 面 有 效 地 降 低 了 經 營 成 本 , 使 其 佔<br />
總 收 入 的 比 例 從 百 分 之 三 十 七 點 四 降 至 百 分 之<br />
三 十 點 三 。<br />
加 華 銀 行 的 資 本 狀 況 保 持 穩 健 , 第 一 級 資 本 為<br />
百 分 之 二 十 點 零 八 , 總 資 本 充 足 率 為 百 分 之 二<br />
十 點 二 。 償 付 能 力 和 流 動 性 比 率 分 別 為 百 分 之<br />
二 十 點 六 和 百 分 之 七 十 九 點 二 , 上 述 比 率 遠 高<br />
於 監 管 部 門 對 上 述 兩 項 比 率 分 別 規 定 的 百 分 之<br />
十 五 和 百 分 之 五 十 的 最 低 要 求 。 這 些 比 率 反 映<br />
了 我 們 有 效 的 經 營 策 略 , 維 持 了 良 好 的 流 動 資<br />
金 狀 況 , 通 過 吸 收 存 款 , 安 置 流 動 資 產 方 面 堅<br />
持 多 樣 化 管 理 以 保 證 資 金 來 源 。<br />
08<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
我 們 的 總 資 產 增 長 至 十 五 點 四 五 億 美 元 , 較<br />
2011 年 增 長 了 百 分 之 二 十 三 點 一 ; 貸 款 上 升 到 八<br />
點 八 零 五 億 美 元 , 比 去 年 增 長 了 百 分 之 十 七 點<br />
一 ; 存 款 增 長 了 百 分 之 二 十 一 點 一 達 到 十 二 點<br />
八 三 億 美 元 。2012 年 , 我 行 的 存 款 市 場 份 額 為<br />
百 分 之 十 九 , 與 去 年 持 平 , 貸 款 市 場 份 額 為 百<br />
分 之 十 七 。<br />
“ 傑 出 的 財 務 表 現 .<br />
對 股 東 負 責 , 對 客 戶 負 責 , 對 員 工 負 責 .<br />
為 柬 埔 寨 的 美 好 未 來 而 不 懈 努 力 .<br />
加 華 銀 行 在 行 業 中 巍 然 屹 立 ."<br />
業 務 創 造 的 可 持 續 回 報 , 為 我 行 的 未 來 增<br />
長 奠 定 了 堅 實 的 基 礎 。<br />
• 開 發 新 業 務<br />
我 們 的 特 許 專 營 業 務 的 擴 展 需 要 從 其 他 業<br />
務 機 會 尋 求 新 的 收 入 來 源 , 以 保 持 在 柬 埔<br />
寨 和 區 域 內 的 可 行 性 和 競 爭 力 。<br />
• 風 險 管 理 與 控 制<br />
平 衡 可 預 期 的 市 場 競 爭 環 境 與 我 們 的 業<br />
務 增 長 戰 略 , 需 要 穩 健 的 風 險 管 理 體 系 和<br />
文 化 。<br />
• 人 力 資 源 和 員 工 參 與<br />
堅 實 的 員 工 基 礎 是 集 信 念 , 主 人 翁 意 識 和<br />
績 效 驅 動 于 一 體 的 , 也 是 推 動 我 行 在 競 爭<br />
日 益 激 烈 的 環 境 中 勇 往 直 前 、 不 斷 進 取 的<br />
重 要 因 素 。<br />
• 企 業 效 率 和 進 程<br />
為 了 確 保 基 礎 建 设 和 企 業 資 源 - 無 論 是 人<br />
力 , 成 本 , 時 間 或 重 心 - 都 以 最 有 效 的 方<br />
式 進 行 分 配 和 引 導 , 以 滿 足 業 務 戰 略 目 標<br />
的 需 要 。<br />
企 業 社 會 責 任<br />
在 競 爭 日 益 激 烈 的 環 境 中 , 加 華 銀 行 採 取 審 慎<br />
及 嚴 謹 的 態 度 , 把 信 貸 資 產 的 質 量 放 在 優 先 考<br />
慮 的 位 置 , 保 持 貸 款 總 收 益 率 。 隨 著 經 營 效 率<br />
的 提 高 , 與 2011 年 相 比 , 我 行 的 營 業 收 入 總 額<br />
增 長 超 過 百 分 之 三 十 五 , 達 到 七 千 万 美 元 。<br />
轉 型 增 效<br />
我 們 意 識 到 , 爲 永 葆 行 業 領 先 地 位 , 就 必 須 適<br />
時 果 斷 地 針 對 新 的 市 場 狀 況 和 實 際 情 況 作 出 正<br />
確 反 應 。 這 在 很 大 程 度 上 需 要 運 用 我 們 強 大 的<br />
品 牌 影 響 力 和 豐 富 的 管 理 經 驗 , 承 載 新 目 標 ,<br />
切 實 行 動 起 來 。 我 們 傾 注 極 大 的 關 注 和 資 源 ,<br />
簡 化 業 務 操 作 流 程 , 為 我 們 的 客 戶 提 供 更 高<br />
效 、 更 便 捷 的 服 務 。<br />
我 們 不 斷 擴 展 企 業 社 會 責 任 系<br />
列 公 益 活 動 , 鼓 勵 員 工<br />
接 觸 社 會 , 參 與 社 區<br />
服 務 。 加 華 銀 行<br />
及 員 工 對 學 校 優<br />
秀 學 生 提 供 獎 學<br />
金 , 向 農 村 學 校<br />
捐 贈 善 款 , 舉 辦<br />
青 年 營 , 員 工 職<br />
業 發 展 計 劃 和 學 術<br />
交 流 活 動 。 我 們 十<br />
分 重 視 教 育 , 並 積 極 向<br />
弱 勢 團 體 伸 出 援 手 。 我 們 相 信 , 所 有 點 滴 的<br />
付 出 和 努 力 將 彙 聚 成 推 動 社 會 向 前 邁 進 的 力<br />
量 , 為 需 要 幫 助 的 人 們 點 亮 改 變 人 生 的 希 望 。<br />
展 望 未 來 , 我 們 滿 懷 信 心<br />
• 增 強 核 心 業 務<br />
我 行 的 收 入 基 礎 為 吸 收 存 款 和 零 售 貸 款 等<br />
傳 統 業 務 , 占 總 收 入 的 百 分 之 八 十 。 核 心<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 09
回 首 往 事 成 績 驕 人 , 展 望 未 來 信 心 十 足 。2013<br />
年 又 將 是 一 個 生 機 勃 勃 、 充 滿 機 遇 的 一 年 。 我<br />
們 將 專 注 於 企 業 戰 略 管 理 和 風 險 管 理 , 以 足 夠<br />
的 信 心 和 實 力 迎 接 新 的 挑 戰 。 我 行 將 繼 續 實 施<br />
有 效 的 戰 略 規 劃 , 以 確 保 銀 行 的 增 長 和 發 展 。<br />
此 外 , 我 們 還 欣 喜 地 看 到 , 為 建 立 一 個 全 方<br />
位 、 綜 合 性 金 融 服 務 集 團 所 實 施 的 一 些 戰 略 舉<br />
措 , 提 升 了 加 華 銀 行 在 柬 埔 寨 和 區 域 內 的 領 先<br />
地 位 :<br />
• 我 們 致 力 於 提 供 最 優 質 的 服 務 , 以 滿 足 客<br />
戶 的 不 同 需 求 。 超 過 二 十 二 年 的 經 營 實 踐<br />
已 經 證 明 , 加 華 銀 行 將 一 直 是 柬 埔 寨 最 值<br />
得 信 賴 的 銀 行 。<br />
致 謝<br />
在 此 , 我 們 由 衷 地 感 謝 加 華 銀 行 董 事 會 的 奉<br />
獻 、 指 引 和 英 明 領 導 , 使 我 們 在 過 去 一 年 取 得<br />
如 此 驕 人 的 業 績 。<br />
同 時 , 我 們 真 誠 感 謝 加 華 銀 行 的 廣 大 忠 實<br />
客 戶 的 長 期 厚 愛 與 支 持 。 二 十 二 年 來 , 您<br />
與 加 華 銀 行 風 雨 同 舟 , 并 將 您 的 金 融 需 求<br />
和 對 安 全 理 財 未 來 的 期 待 寄 託 與 我 們 。 為<br />
您 和 您 的 家 庭 , 以 及 我 們 的 社 會 服 務 , 是<br />
我 們 最 大 的 榮 幸 。 加 華 銀 行 的 大 門 永 遠 為<br />
您 敞 開 , 我 們 愿 成 為 您 永 遠 的 好 夥 伴 。<br />
• 著 力 深 化 客 戶 關 係 。 我 們 相 信 , 銀 行 自 身<br />
強 勁 而 可 持 續 的 增 長 , 與 強 大 的 客 戶 關 係<br />
密 不 可 分 。 為 回 饋 廣 大 客 戶 對 加 華 銀 行 的<br />
信 賴 , 我 們 將 繼 續 努 力 , 向 客 戶 提 供 最 優<br />
質 的 服 務 。<br />
• 為 中 小 企 業 銀 行 , 小 額 融 資 和 人 壽 保<br />
險 引 入 海 外 合 作 夥 伴 , 建 立 戰 略 聯<br />
盟 , 以 更 好 地 服 務 於 我 們 的 客 戶 。 通<br />
過 多 元 化 的 合 作 和 經 營 視 野 的 拓 寬 ,<br />
將 促 進 加 華 銀 行 的 快 速 成 長 。 我 們<br />
將 繼 續 勤 勉 工 作 , 勵 精 圖 治 , 為 廣<br />
大 客 戶 提 供 更 多 領 域 的 優 質 服 務 。<br />
• 提 升 我 行 的 IT 信 息 網 絡 技 術 的 基 礎 建<br />
設 , 推 出 網 上 銀 行 服 務 , 更 加 快 捷 簡 便<br />
地 滿 足 企 業 和 零 售 客 戶 的 不 同 需 求 。<br />
• 通 過 增 強 員 工 培 訓 和 人 才 發 展 計 劃 , 保 持<br />
加 華 銀 行 的 競 爭 力 和 持 續 增 長 勢 頭 , 實 現<br />
成 為 “ 最 佳 雇 主 " 的 目 標 。<br />
此 外 , 我 們 要 向 柬 埔 寨 王 國 政 府 , 特 別 是 柬<br />
埔 寨 國 家 銀 行 表 示 最 崇 高 的 敬 意 , 感 謝 他 們<br />
對 加 華 銀 行 的 指 引 和 一 貫 的 支 持 與 信 任 。<br />
我 們 還 要 感 謝 全 體 一 千 五 百 名 加 華 銀 行 員 工 的<br />
無 私 奉 獻 和 努 力 , 正 是 由 於 我 們 員 工 每 日 盡 心<br />
盡 力 的 勤 勉 工 作 , 和 堅 持 不 懈 地 為 客 戶 提 供 最<br />
優 服 務 的 敬 業 精 神 , 使 我 們 能 夠 建 立 一 個 國 際<br />
水 平 的 金 融 服 務 企 業 。<br />
最 後 , 我 們 感 謝 所 有 的 股 東 多 年 來 對 加 華 銀 行<br />
的 支 持 , 因 爲 有 您 們 , 加 華 銀 行 才 得 以 不 斷 成<br />
長 和 壯 大 。<br />
加 華 銀 行 . 堅 定 . 奉 獻 . 穩 健 . 堅 強 .<br />
柬 埔 寨 家 喻 戶 曉 、 值 得 信 賴 的 脊 樑 品 牌 .<br />
方 僑 生<br />
董 事 長<br />
盧 志 能<br />
行 政 總 裁<br />
2013 年 06 月 17 日<br />
10<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
LETTER TO SHAREHOLDERS<br />
The <strong>Canadia</strong> <strong>Bank</strong> brand stands for strength and stability. As one of the best capitalized banks in<br />
Cambodia, and as 2012’s Most Outstanding Financial Performance <strong>Bank</strong>, we are leveraging our<br />
compeve advantages, solid reputaon and strong pedigree to drive shareholder value with<br />
confidence. With clear purpose we will always deliver the best for our customers.<br />
The banking and<br />
financial sector in<br />
Cambodia remains<br />
stable as a result of<br />
industry-wide improvements<br />
and sound<br />
policies, which helped<br />
drive rapid growth in<br />
deposits and loans.<br />
The growth is impressive<br />
considering that<br />
only thirteen percent<br />
of Cambodia’s populaon<br />
has access to financial services. The<br />
industry recognizes the opportunity for significant<br />
reach to the balance of eighty seven percent.<br />
With the rapid pace of economic development<br />
in Cambodia, and the general public’s trust and<br />
confidence in the banking system, we expect<br />
stable growth throughout the industry and at<br />
<strong>Canadia</strong> <strong>Bank</strong>.<br />
By leveraging our strong pedigree and reliable<br />
history, <strong>Canadia</strong> <strong>Bank</strong> secured its posion as<br />
the market leader through implementaon of<br />
our strategic business focus to meet the market<br />
needs. We connue to improve revenue by<br />
diversifying our revenue streams while migang<br />
our risks through diligent and effecve porolio<br />
management. The <strong>Bank</strong> connuously seeks<br />
opportunies to grow and improve as a leading<br />
financial instuon.<br />
PERFORMANCE REVIEW<br />
Our focus on financial performance, coupled with<br />
measured and deliberate financial accountability,<br />
allows us to build a balance sheet that will<br />
accelerate business growth for years to come.<br />
Equal importance is placed on growing revenue<br />
and profits as well as on strong liquidity and<br />
capital posion. At the same me we establish<br />
clear strategies to do what is essenal to serve<br />
our customers and drive revenue. This tenacious<br />
discipline over financial prudence has earned<br />
us Cambodia’s Most Outstanding Financial<br />
Performance <strong>Bank</strong> from the Internaonal Data<br />
Group (IDG) ASEAN. We were awarded this<br />
recognion at their Gala Dinner held on June 5,<br />
2013, in Phnom Penh.<br />
2012 resulted in impressive financial gains and<br />
standing. We are pleased to report that <strong>Canadia</strong><br />
<strong>Bank</strong> achieved record financial results in 2012,<br />
with growth in net profits, loans and deposits,<br />
and maintaining a strong capital posion. The<br />
growth, driven by a focus on effecve execuon<br />
of our strategy, highlights the <strong>Bank</strong>’s ability to<br />
adapt and ancipate a market that is developing<br />
at an aggressive pace.<br />
2012 net profit for <strong>Canadia</strong> <strong>Bank</strong> grew by 63<br />
percent as compared to 2011, which translates<br />
into net profit of $38 million dollars. Further,<br />
with our disciplined focus on core earnings, our<br />
Return on Equity (RoE) rose to 17.65 percent,<br />
an improvement of 17 percent compared to the<br />
previous year. Earnings per share also increased<br />
to US$ 0.28, compared to US$ 0.21 last year.<br />
Interest from loans and advances drove net<br />
interest income growth by 52 percent for a total<br />
of US$ 56.1 million. Our focus on lower cost<br />
deposit accounts allowed us to manage our<br />
interest margins more effecvely.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 11
Net fee income grew 25% to US$ 12.5 million<br />
compared to US$ 10.0 million last year, due<br />
to higher volumes of loan processing fee,<br />
remiances, and other related fees. Meanwhile<br />
cost efficiency improved through effecve<br />
management of our operang cost base, which<br />
reduced operang costs to total income rao<br />
from 37.4% to 30.3% in the year.<br />
<strong>Canadia</strong> <strong>Bank</strong>’s capital posion remains solid and<br />
strong, with a capital adequacy rao (CAR) Tier 1<br />
of 20.08 percent and total CAR of 20.2 percent.<br />
Solvency and liquidity raos were 20.6 percent<br />
and 79.2 percent respecvely, well above the<br />
regulatory minimum requirements of 15 percent<br />
and 50 percent respecvely. These raos reflect<br />
our strategy to maintain a strong liquidity posion<br />
through deposit collecons, diversificaon in<br />
sources of funding and placement in liquid assets.<br />
Our total assets grew to US$1,545 million,<br />
increasing 23.1 percent compared to 2011; loans<br />
grew to US$ 880.5 million, up by 17.1 percent,<br />
while deposits grew by 21.2 percent to US$<br />
1,283 million. <strong>Canadia</strong> <strong>Bank</strong>’s 2012 market share<br />
of deposits remained constant at 19.0 percent,<br />
and lending market share at 17 percent.<br />
“Outstanding financial<br />
performance. Uncompromising<br />
commitment to shareholders,<br />
customers and employees.<br />
Steadfast commitment to<br />
Cambodia’s future. <strong>Canadia</strong> <strong>Bank</strong><br />
stands strong.”<br />
Amidst a very compeve environment, <strong>Canadia</strong><br />
<strong>Bank</strong> grew its loan porolio in a disciplined<br />
manner placing priority on credit quality and<br />
maintaining our gross loan yield. With improved<br />
efficiency, total operang income jumped more<br />
than 35% compared to 2011, to reach US$70<br />
million.<br />
TRANSFORMATION FOR PERFORMANCE<br />
The <strong>Bank</strong> recognizes that to remain the leading<br />
bank in Cambodia, it is imperave that the<br />
bank responds appropriately and decisively<br />
to new market condions and realies. Much<br />
of this entailed leveraging our strong brand<br />
and experienced management to embark on<br />
ambious but realisc goals. The <strong>Bank</strong> devoted<br />
great aenon and resources to ensure that<br />
we streamline operaons and become more<br />
efficient in how we conduct business with and<br />
for our customers.<br />
• Enhancing Core Business<br />
Our tradional business of deposit<br />
collecons and lending in retail and<br />
business banking represents 80 percent of<br />
our revenue base. To generate sustainable<br />
returns from our core business provides<br />
a stable plaorm from which to pursue<br />
further growth.<br />
• Developing New Business<br />
Further growth of our franchise requires<br />
pursuit of new revenue streams from<br />
alternave business opportunies to<br />
remain viable and compeve both in<br />
Cambodia and in the region.<br />
• Risk Management and Controls<br />
A robust risk management framework<br />
and culture is necessary to balance the<br />
expected compeve market environment<br />
alongside our business growth strategies.<br />
12<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
• Human Resources and Employee Engagement<br />
A strong employee base where trust,<br />
ownership and performance are the key<br />
organizaonal values to drive the <strong>Bank</strong><br />
forward in the increasingly compeve<br />
environment.<br />
• Corporate Efficiency and Processes<br />
To ensure that the infrastructure and<br />
resources of the organizaon – whether<br />
people, cost, me, or focus - are channeled<br />
effecvely towards meeng strategic<br />
business goals in the most efficient manner.<br />
CORPORATE SOCIAL RESPONSIBILITY<br />
We have expanded our corporate social<br />
responsibility program and encourage employees<br />
to reach out into the community. <strong>Canadia</strong> <strong>Bank</strong><br />
and its employees support<br />
educaonal endeavors<br />
with scholarships for<br />
outstanding students, s,<br />
rural schools by<br />
providing targeted<br />
funding in the form<br />
of donaons, youth<br />
camp, and career r<br />
development programs<br />
for undergraduate students.<br />
We place great value on educaon<br />
and serving those who are less privileged. We<br />
believe that every bit of difference that is made is<br />
a step forward for the community, and hope for<br />
those whose lives are changed forever.<br />
LOOKING AHEAD WITH CONFIDENCE<br />
head on and with confidence. The <strong>Bank</strong> connues<br />
to implement effecve strategies to ensure growth<br />
and development. In addion, we are excited<br />
about several strategic iniaves to advance our<br />
leading posion in Cambodia and throughout the<br />
region as we build a universal financial services<br />
group:<br />
• We will deliver the highest quality service<br />
to meet our dynamic customers’ needs.<br />
Just as we have proven for more than 22<br />
years, <strong>Canadia</strong> <strong>Bank</strong> will remain Cambodia’s<br />
most trusted bank.<br />
• Focus and commitment to enhance our<br />
customer relaonships. We believe that<br />
strong and sustainable growth, and strong<br />
customer relaonships are inmately<br />
connected. Our customers have confidence<br />
in us and we will connue to strive for what<br />
is best for our customers.<br />
• Strategic alliances for SME banking, microfinance<br />
and life insurance with overseas<br />
partners to beer serve our customers.<br />
This will accelerate the <strong>Bank</strong>’s growth<br />
through partnerships and diversified revenue<br />
streams. We will connue to work diligently<br />
to provide our customers the best service in<br />
all the areas we operate in.<br />
• Enhance the <strong>Bank</strong>’s IT infrastructure and the<br />
rollout of internet banking services to beer<br />
serve our corporate and retail customers’<br />
ever evolving needs for improved convenience.<br />
• Maintain <strong>Canadia</strong> <strong>Bank</strong>’s compeveness<br />
by upgrading the talent pool with employee<br />
training and development programs,<br />
supporng sustainable growth and aiming<br />
to be “the Employer of Choice”.<br />
ACKNOWLEDGEMENT<br />
We would like to thank our fellow colleagues on the<br />
<strong>Canadia</strong> <strong>Bank</strong> Board for their dedicaon, guidance<br />
and leadership. The Board’s dedicated passion to<br />
excellence enabled us to achieve successful results.<br />
2013 will be another excing year for <strong>Canadia</strong><br />
<strong>Bank</strong>. Our focus on strategy and proper risk<br />
management prepares us to meet new challenges<br />
Many thanks to our loyal customers. For over 22<br />
years you have entrusted us with your financial<br />
needs and ensuring a secure financial future. We<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 13
are proud to serve you, your families and our<br />
community. Our doors are always open to you<br />
and you will always have a partner in <strong>Canadia</strong><br />
<strong>Bank</strong>.<br />
Our appreciaon also goes to the Royal<br />
Government of Cambodia, parcularly the<br />
Naonal <strong>Bank</strong> of Cambodia, for their guidance,<br />
connuous support and trust.<br />
As for our 1,500 employees of <strong>Canadia</strong> <strong>Bank</strong>,<br />
thank you for your dedicated service and<br />
hard work. Our employees strive every day to<br />
improve and build a bank whose purpose is to<br />
serve customers with the very best they can<br />
give. It is our employees serving the needs of our<br />
customers that will enable us to build a worldclass<br />
financial services company.<br />
Finally, we would also like to thank our<br />
shareholders. You have remained commied<br />
to the <strong>Bank</strong> over the years and without your<br />
support, expansion and growth would not have<br />
been made possible.<br />
C B. S. C. S. S.<br />
S C <br />
.<br />
PUNG KHEAV SE<br />
Chairman<br />
(MICHAEL) LOR CHEE LENG<br />
Chief Execuve Officer<br />
Date: 17 June 2013<br />
14<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
VISION, MISSION, CORE VALUES<br />
Vision<br />
To be Cambodia’s best bank<br />
Mission<br />
With best-in-class standards in delivery capabilies,<br />
customer experience and performance excellence<br />
for lasng, fulfilling banking relaonships with our<br />
customers.<br />
Core Values<br />
Trust: To have utmost confidence in our colleagues to<br />
play their part in achieving our common goals.<br />
Ownership: To take pride in our work in being commied<br />
to its successful compleon.<br />
Performance Driven: To relentlessly achieve our goal and<br />
objecves, by which we are recognized and rewarded.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 15
FINANCIAL HIGHLIGHTS 2012<br />
Profit<br />
Net Profit<br />
+53%<br />
Deposits<br />
+21.2%<br />
Loans<br />
+17.1%<br />
1,369<br />
Employees<br />
42 Branches<br />
74 ATMs<br />
Total Assets<br />
+12.2%<br />
16<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
KEY PERFORMANCE INDICATOR<br />
Total Assets<br />
Gross Revenue<br />
Loans and Adances (net)<br />
Net Profit<br />
Shareholder’s Equity<br />
Deposit<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 17
CORPORATE SOCIAL RESPONSIBILITY<br />
<strong>Canadia</strong> <strong>Bank</strong> is Cambodia’s long standing local<br />
bank, operang more than 20 years. <strong>Canadia</strong><br />
<strong>Bank</strong> contributes to society by delivering<br />
assistances and aid in a variety of forms. To<br />
become a socially responsible bank, <strong>Canadia</strong><br />
<strong>Bank</strong> commied itself to engage in different<br />
acvies that return back to the local society at<br />
large. The <strong>Bank</strong> has also built deep and strong<br />
relaonships with the public with our disncve<br />
culture, sociality responsibility, and educaon.<br />
<strong>Canadia</strong> <strong>Bank</strong> has produced and delivered real<br />
and concrete value by connuing to support the<br />
Cambodian economy, sustainable growth and<br />
poverty reducon throughout the country.<br />
addional language skills, which would also be<br />
a sustainable commitment to society. Further,<br />
the provision of scholarship helps to develop<br />
students’ maturity and academic performance.<br />
Students would have the benefit of a culture that<br />
promotes excellence throughout the academic<br />
years. School principals gave short speeches to<br />
show their gratude to Mr. Pung Kheav Se for<br />
his assistance, which has been consistent and<br />
enthusiasc as he promotes social well-being.<br />
1.2 Donaons to Hun Sen Preksday Secondary<br />
School<br />
1. Contribuons to society through educaon<br />
programs<br />
1.1 Scholarships for Outstanding Chinese<br />
Students<br />
Donaons to Hun Sen Preksday Secondary School<br />
MOU with Chinese Schools<br />
<strong>Canadia</strong> <strong>Bank</strong> has been very supporve<br />
of educaonal development, which was<br />
demonstrated through the scholarship program,<br />
“Scholarship for Outstanding Chinese School<br />
Students”. The program was implemented on<br />
10 March 2012, in partnership with three major<br />
local Chinese schools: Duan Fa, Min Sheng and<br />
Chong Zheng.<br />
The scholarship program has a significant and<br />
posive impact on Cambodia’s economic growth.<br />
Mr. Pung Kheav Se, Chairman, has emphasized<br />
that with the increasing demand for Chinese<br />
language skills, students are encouraged to learn<br />
At the request of the principal, Mr. Pung granted<br />
a new Canon photocopy machine and Sony Vaio<br />
laptop to Hun Sen Preksday Secondary School<br />
located in Preksadey Commune, Kohthom<br />
district, Kandal province.<br />
This auspicious ceremony was held on 11 April<br />
2012, at <strong>Canadia</strong> Tower, and presided over by<br />
Mr. Pung Kheav Se. <strong>Canadia</strong> <strong>Bank</strong> management<br />
and principals of Hun Sen Preksdey Secondary<br />
School, parcpated in the ceremony.<br />
Since 2007, Mr. Pung has been a strong supporter<br />
of the school, providing a new building equipped<br />
with educaonal staonaries and tradional<br />
musical instruments for students’ use. He also<br />
supports the school’s Red Cross Youth. <strong>Canadia</strong><br />
<strong>Bank</strong> connues to contribute in response to the<br />
school’s current development needs, and donote<br />
staonaries. The ceremony came to a successful<br />
18<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
conclusion with a presentaon delivered by Mr.<br />
Heng Viboth on the improvements on effecveness<br />
and efficiency of the school process.<br />
1.3 Donaons to Sangkum Thmey High School<br />
In keeping with the theory of “Knowledge is Power”<br />
and with good understanding of the difficules<br />
of students at Sangkum Thmey High School, Mr.<br />
Byung Soo Moon, Senior Vice President of <strong>Canadia</strong><br />
<strong>Bank</strong>, donated his own resouces to purchase<br />
1,544 textbooks and four bilingual diconaries to<br />
the school for the academic year 2012-2013 on 15<br />
December 2012.<br />
During the ceremony Mr. Moon spoke to the<br />
students and encouraged them to cherish the<br />
opportunity of studying and to help contribute to<br />
their motherland in the future.<br />
The 3 rd Youth Camping occasion from 17 to 26<br />
December 2012, is another event that <strong>Canadia</strong><br />
<strong>Bank</strong> parcipates in. The camp was organized at<br />
Cultural Village in Siem Reap, and aracted 272<br />
parcipants, which included youths from public<br />
and private instutes, boy scouts, youth volunteer<br />
teams and even youths who study abroad.<br />
There was also an official meeng with camping<br />
students on 18 December 2012, to encourage them<br />
to develop both mentally and physically. The goal<br />
of this camp is to provide an opportunity for youth<br />
to develop their personal skills such as independent<br />
thinking skills, effecve communicaon, and<br />
team work. It is valuable experience for the youths<br />
as a part of their personality development process<br />
and their futures.<br />
Sangkum Thmey High School is located in a less<br />
developed province (Preah Vihear) and the study<br />
environment is difficult. Mr. Moon brought public<br />
aenon to this, and he himself being a leader<br />
that helped to contribute to educaonal programs<br />
in Cambodia.<br />
It is important to note that <strong>Canadia</strong> <strong>Bank</strong> has<br />
provided assistance and donaons to remote areas<br />
throughout Cambodia, including rice donaon to<br />
Tekha Panhao Pagoda, cash donaon to Neakavao<br />
pagoda to renovate the temple, and other school<br />
supplies to Porthyvong Primary School. These<br />
acons, among others, demonstrate <strong>Canadia</strong><br />
<strong>Bank</strong>’s commitment to sustain the well-being<br />
of the society and to promote corporate social<br />
responsibility.<br />
2. Youth Camp<br />
Youth camp at cultural village in Siem Reap Province<br />
3 rd youth camp at cultural village in Siem Reap Province<br />
3. Career Development Programs<br />
<strong>Canadia</strong> <strong>Bank</strong> is a leader in corporate social<br />
responsibility, and strives to contribute to<br />
society at large. Despite donaons, scholarships,<br />
organizing Youth Camp program, <strong>Canadia</strong> <strong>Bank</strong><br />
also reinforces the quality of service we provide<br />
to general public. In order to enhance the quality<br />
of products and services, <strong>Canadia</strong> <strong>Bank</strong> provides<br />
numerous internal staff training programs,<br />
workshops, including financial supports to scholars<br />
who seek to connue their studies.<br />
Business development is closely linked to the<br />
competency of each employee. Through effecve<br />
and responsive training, seminars and workshops<br />
the <strong>Bank</strong> is able to enhance the knowledge base for<br />
employees that is related to their professions, and<br />
thus improve the <strong>Bank</strong>’s development capability.<br />
Examples of internal training programs include:<br />
cheque clearing process, customer service,<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 19
compliance, trade service and trade finance,<br />
careers on accounng and finance. The workshops<br />
and training sessions provide parcipants relevant<br />
knowledge pertaining to the industry and to their<br />
specific job funcon. In addion, the workshops<br />
encourage communicaon and dialog between<br />
staffs, allowing staff to discuss maers and reach<br />
effecve soluons as a team.<br />
<strong>Canadia</strong> <strong>Bank</strong> prides itself on the care and wellbeing<br />
of its employees. Appreciaon pared<br />
are held aer training and seminars. Doing so<br />
creates a balance with studies and performance<br />
improvement and employee well-being. Seminars,<br />
workshops and training sessions are interesng<br />
and engaging, thus encouraging staff to fully<br />
parcipate in the many programs available to<br />
them.<br />
<strong>Canadia</strong> <strong>Bank</strong> also provides educaon funds to<br />
exisng employees who wish to parcipate in<br />
other professional studies such as CAT and ACCA,<br />
or Master Degree. Provision of such programs<br />
marries the <strong>Bank</strong>’s business strategy with enhanced<br />
corporate efficiency.<br />
4. The exchange of experiences<br />
<strong>Canadia</strong> <strong>Bank</strong> has delegates who visit other<br />
countries or provinces to observe and study, such<br />
as vising Provinces for business invesgaons.<br />
<strong>Canadia</strong> <strong>Bank</strong> seeks to improve and enhance its<br />
business porolio, so exchange experiences such<br />
as these are valuable. Delegates from China, Taiwan<br />
and Myanmar, and students from local public<br />
and private schools visited <strong>Canadia</strong> <strong>Bank</strong>. The<br />
visits from these delegates provide opportunity<br />
for exchange of business experience, improve<br />
our staffs’ communicaon and performance<br />
thus bringing the <strong>Bank</strong> to a higher level overall.<br />
Sustainability relies on more than just internal<br />
development. It relies on career paths, challenging<br />
work, personal improvement and a dynamic<br />
working environment.<br />
<strong>Canadia</strong> <strong>Bank</strong> is engaged in different areas of<br />
acvies, and encourages and supports a dynamic<br />
environment. <strong>Canadia</strong> <strong>Bank</strong> constantly seeks to<br />
improve internally, and to support the society.<br />
Team building group photo at Independence Hotel, Sihanoukville province.<br />
20<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
CORPORATE GOVERNANCE<br />
<strong>Canadia</strong> <strong>Bank</strong> (The <strong>Bank</strong>) is commied to<br />
conduct business in a prudent manner and<br />
to uphold the highest standard of effecve<br />
corporate governance. The <strong>Bank</strong> develops<br />
and maintains appropriate internal control and<br />
risk management systems consistent with the<br />
Naonal <strong>Bank</strong> of Cambodia’s (NBC) guidelines<br />
and principles of effecve corporate governance<br />
to achieve consistent strong performance results,<br />
sustainable growth, and strong reputaon and<br />
brand.<br />
Informaon Disclosure and Transparency<br />
The <strong>Bank</strong> has always recognized the importance<br />
of disclosing informaon that is necessary<br />
for stakeholders and regulators. The Board<br />
of Directors (Board) is responsible for the<br />
preparaon of the <strong>Bank</strong>’s financial statement.<br />
The Board assigned review of the financial<br />
statement to the Audit Commiee to ensure<br />
they are accurate, reliable and in compliance<br />
with NBC’s and Cambodia Accounng Standards<br />
guidelines. The annual report includes the<br />
audited financial statements and other relevant<br />
informaon, and is published and disseminated<br />
to stakeholders. In addion, the <strong>Bank</strong> published<br />
the annual audited financial statements on its<br />
website at www.canadiabank.com.kh.<br />
Code of Conduct<br />
The highest standards of professionalism, ethics,<br />
integrity and honesty are expected of all <strong>Bank</strong><br />
employees. Staff and management are required<br />
to perform their work diligently and honestly,<br />
placing first the interests of the <strong>Bank</strong>. In addion,<br />
all staff and management understand, accept<br />
and abide by the <strong>Bank</strong>’s Code of Conduct, which<br />
is as follows:<br />
• Not to solicit or to receive on an solicited<br />
basis gis, commissions, kickbacks or<br />
valuables of any kind from customers;<br />
• Not to use their posion to conduct<br />
private business;<br />
• Not to conduct in any acts, behaviors or<br />
arrangements causing damages to the<br />
<strong>Bank</strong>’s; and<br />
• Not to engage in any acts, behaviors or<br />
arrangements causing damages to the<br />
<strong>Bank</strong>’s reputaon and/or financial interest.<br />
• Maintain and safeguard of confidenal<br />
informaon.<br />
Internal Control and Audit<br />
The <strong>Bank</strong> implemented various iniaves in order<br />
to establish an internal control system, which is<br />
in line with generally accepted standards, and<br />
NBC’s regulaons and guidelines. The <strong>Bank</strong>’s<br />
internal control structure includes the following:<br />
1. Audit Commiee is charged with the duty<br />
and responsibility of reviewing the <strong>Bank</strong>’s<br />
financial reports to ensure that they are<br />
accurate and adequately disclosed. The<br />
commiee is responsible for ensuring that<br />
the <strong>Bank</strong>’s internal control and internal<br />
audit funcons are adequate, appropriate<br />
and effecve. Along with external and internal<br />
auditors, the commiee reviews the systems<br />
on a regular basis.<br />
2. The Board’s Internal Control and Compliance<br />
Commiee is in the process of establishing<br />
an appropriate internal control structure,<br />
system and process to idenfy, evaluate,<br />
monitor and manage significant risks that may<br />
affect the achievement of business objecves.<br />
Compliance maers are reported to the<br />
Board, which provides a holisc and overall<br />
view of all compliance maers across the<br />
<strong>Bank</strong>’s operaons.<br />
3. Internal Audit Department is responsible for<br />
performing the annual risk-based audit. The<br />
audit is priorized and scoped according to<br />
an assessment of financial and operaonal<br />
risk exposure of the <strong>Bank</strong>’s the head office,<br />
including key operaonal departments, and<br />
branch operaons under the direct supervision<br />
and guidance of the Audit Commiee. The<br />
Internal Audit Department reports directly to<br />
the Audit Commiee.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 21
4. Internal Control and Compliance Department<br />
is responsible for providing recommendaons<br />
to ensure that the <strong>Bank</strong> is compliant with<br />
the rules and regulaons issued by relevant<br />
authories, as well as the <strong>Bank</strong>’s internal<br />
policies and procedure. Internal Control<br />
and Compliance Department reports directly<br />
to the Board’s Internal Control and Compliance<br />
Commiee.<br />
5. The <strong>Bank</strong> has in place an appropriate<br />
“Whistle Blowing” policy. The Chairman of<br />
the Board or Chairman of the Audit Commiee<br />
reviews anonymous complaints that<br />
employees may raise about possible<br />
misappropriaon, malpracce, malfeasance<br />
or conflicts of interest. The complaints are<br />
independently invesgated and followed-up.<br />
COMPOSITION OF THE BOARD OF DIRECTORS<br />
The composion of the Board has been realigned<br />
to strengthen its strategic capacity, overall<br />
business policy development, and provide<br />
leadership for management and staff. As at 31<br />
December 2012, the Board is comprised of eight<br />
(8) members, three (3) of who are independent<br />
non-execuve directors: Mr. Leow Min Fong, Mr.<br />
Gerald Yeo and Mr. Peter Michael Buerger.<br />
Independent non-execuve directors of the<br />
<strong>Bank</strong> are directors who meet qualificaons and<br />
requirements specified by NBC’s regulaons.<br />
The <strong>Bank</strong> compiled The Director Independence<br />
Standards for the Board of Directors, adopted to<br />
make its independent determinaons with the<br />
exercise of a director’s judgment independent of<br />
management.<br />
Roles of the Chairman and the CEO are separated,<br />
which is consistent with the corporate principle<br />
of balancing power and authority. In addion,<br />
as a principle of good corporate governance, all<br />
directors are subject to re-nominaon and reelecon<br />
every three (3) years, which is provided<br />
in the <strong>Bank</strong>’s Memorandum and Arcles of<br />
Associaon. All appointments of directors must<br />
be approved by NBC.<br />
RESPONSIBILITIES OF THE BOARD OF DIRECTORS<br />
AND BOARD COMMITTEE<br />
The Board directs the <strong>Bank</strong> in the conduct of<br />
its affairs. In doing so the Board undertakes<br />
a fiduciary role to ensure that corporate<br />
responsibility and ethical standards are met,<br />
and ensures the viability of the <strong>Bank</strong> in the<br />
best of interest of the <strong>Bank</strong>’s shareholders<br />
while also taking into account the interests of<br />
other stakeholders. The Board is responsible for<br />
supervising the business operaons, establishing<br />
corporate governance policies with praccal<br />
guidelines to ensure the funconing of its dues,<br />
seng strategic direcon and long-term goals<br />
of the <strong>Bank</strong>, ensuring that adequate resources<br />
are available to meet strategic objecves, and<br />
establishing a risk framework and strategy for<br />
risks to be assessed and managed.<br />
The Board formed commiees which are<br />
divided into two level authories: (1) the Board<br />
Commiees and; (2) Execuve Management<br />
Commiee, with parcular terms of reference<br />
for regulatory purposes when it needs assistance<br />
or when an issue requires more resources and<br />
aenon. This allows the Board to concentrate<br />
on broader strategic issues and direcons.<br />
The Board may either delegate some of its<br />
powers to the commiee, enabling it to act<br />
directly, or may require recommendaons of the<br />
commiee to be approved by the Board. The<br />
exact definion of the powers of the commiee<br />
will be governed in its board approved Charter.<br />
1. Board Commiees include: Audit Commiee<br />
(AC), Board Risk Management Commiee<br />
(BRMC), Board Remuneraon and Nominaon<br />
Commiee, and Internal Control and<br />
Compliance Commiee.<br />
2. Execuve Management commiees closely<br />
monitor and oversee the <strong>Bank</strong>’s day-to-day<br />
operaons, and report actual progress to<br />
the Board on a regular basis. These<br />
commiees include: Credit Commiee (CC),<br />
Assets and Liabilies Management Commiee<br />
(ALCO), and Human Resource Commiee<br />
(HRC). Each commiee has wrien terms of<br />
reference that describe the responsibilies of<br />
its member for day-to-day operaon of the <strong>Bank</strong>.<br />
22<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
3. For the purpose of compliance with NBC<br />
guidelines, the Board commiees are<br />
described as follows:<br />
(1) THE AUDIT COMMITTEE<br />
Purpose<br />
The primary objecve of the Audit Commiee (as<br />
a standing commiee of the Board) is to assist the<br />
Board in the effecve discharge of its fiduciary<br />
responsibilies for corporate governance,<br />
financial reporng and internal control.<br />
Composion<br />
At the end of 2012, the Audit Commiee is<br />
comprised of three (3) members from the<br />
Board, and led by one independent director with<br />
experse in accounng, finance and auding.<br />
1. Mr. Jimmy Leow Min Fong, Chairman<br />
(Independent Non-Execuve Director)<br />
2. Mr. Charles Vann, Member (Execuve<br />
Director)<br />
3. Mrs. Pung Carolyne, Member (Execuve<br />
Director)<br />
Authority and Main Responsibility<br />
• The Audit Commiee is authorized by<br />
the Board to invesgate any acvity<br />
within its jurisdicon. The Commiee<br />
shall have unrestricted access to both<br />
the internal and external auditors and<br />
to all employees o the <strong>Bank</strong>. The<br />
Commiee may, with the approval of the<br />
Board, consult legal or other professionals<br />
where they consider necessary to carry<br />
out their dues.<br />
• The Audit Commiee shall consider the<br />
appointment of external auditors, audit<br />
fee and any quesons or registraon or<br />
dismissal.<br />
• The Commiee shall review the financial<br />
reports and report to the Board.<br />
• The Commiee shallperform any other<br />
tasks as directed by the Board.<br />
Meengs<br />
The Audit Commiee schedules meengs at<br />
least once every three (3) months. The Audit<br />
Commiee held six (6) meengs during 2012.<br />
(2) THE BOARD RISK MANAGEMENT COMMITTEE<br />
Purpose<br />
The Board Risk Management Commiee acvely<br />
manages the risk inherent in the <strong>Bank</strong>. In order<br />
to manage risks, the Board defines and forms<br />
the Commiee to oversee the risk profile and<br />
approve the risk management framework.<br />
In addion, the Commiee shall take<br />
responsibilies by the Board’s discreonary<br />
power to set risk tolerance, approve frameworks,<br />
and policies and procedures for effecve<br />
management of risks.<br />
Composion<br />
As at the date of this report, the Board Risk<br />
Management Commiee is comprised of four (4)<br />
members from the Board:<br />
1. Mr. Gerald Yeo, Chairman (Independent<br />
Non-Execuve Director)<br />
2. Mr Peter Michael Buerger , Vice-chairman<br />
(Independent Non-Executive Director)<br />
3. Mr. Michael Lor, Member (CEO/Execuve<br />
Director)<br />
4. Mr. Charles Vann, Member (EVP/<br />
Execuve Director)<br />
Authority and Main Responsibility<br />
The Commiee will recommend to the Board<br />
the parameters of the <strong>Bank</strong>’s risk framework,<br />
monitoring the alignment of risk profile with risk<br />
tolerance as defined. The Commiee’s oversight<br />
responsibilies include, but not limited to, the<br />
following elements:<br />
• The Commiee shall review the report of<br />
internal audits and monitor the<br />
performance of the internal audit<br />
department on regular basis.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 23
a). Credit Risk<br />
• Review and approve the framework for the<br />
management of credit risk in accordance<br />
with the Credit Policies and Procedure<br />
manual.<br />
• Review and monitor the risk profile,<br />
performance and management of the<br />
credit porolio.<br />
• Review and develop appropriate credit<br />
risk policies.<br />
• Review the <strong>Bank</strong>’s bad debt performance<br />
and provision for loan loss (general and<br />
specific provision in compliance with<br />
NBC guidelines).<br />
b). Market Risk<br />
• Review and approve the framework for<br />
the management of market risk.<br />
• Review and monitor the <strong>Bank</strong>’s market<br />
risk performance and exposure against<br />
limits.<br />
• Review and develop appropriate market<br />
risk policies.<br />
• Review and approve market risk limits<br />
including but not limited to Value at Risk<br />
Limits and Net Interest Income at Risk<br />
Limits.<br />
• Review structural interest rate risk<br />
posions for the <strong>Bank</strong>.<br />
c). Liquidity Risk<br />
• Review and approve the framework for<br />
the management of liquidity risk.<br />
• Review and monitor the <strong>Bank</strong>’s liquidity<br />
posion and requirements in consultaon<br />
with the Assets and Liabilies<br />
Management Commiee (ALCO) and<br />
the development of appropriate liquidity<br />
risk policies.<br />
• Review and monitor the <strong>Bank</strong>’s funding<br />
plan and funding requirements.<br />
d). Operaonal Risk<br />
• Review and approve the framework for<br />
the management of operaonal risk.<br />
• Review and monitor the performance of<br />
operaonal risk management and<br />
internal controls.<br />
• Review the development and ongoing<br />
review of appropriate operaonal risk<br />
policies.<br />
In relaon to compliance risk:<br />
• Review the compliance risk processes<br />
that are in place to ancipate and<br />
effecvely manage the impact of<br />
regulatory change on the <strong>Bank</strong>’s<br />
operaons;<br />
• Oversee compliance by the <strong>Bank</strong> with<br />
applicable laws, regulaons and<br />
regulatory requirements that may impact<br />
the <strong>Bank</strong>’s risk profile;<br />
• Discuss with management and external<br />
auditor any correspondences with NBC,<br />
regulators or government agencies,<br />
and any published reports that raise<br />
issues material to the <strong>Bank</strong>;<br />
e). Reputaon and other Risk<br />
• Review and monitor the performance of<br />
• reputaon risk management & controls.<br />
• Review and monitor the performance of<br />
other risk types as appropriate.<br />
Meengs<br />
The Board Risk Management Commiee<br />
schedules meeng at least once every three (3)<br />
months. The Board Risk Management Commiee<br />
held five (5) meengs during the periods and as<br />
at the date of this report.<br />
(3) THE REMUNERATION AND NOMINATION<br />
COMMITTEE<br />
Purpose<br />
Commiee members are appointed by the Board<br />
and:<br />
• Assist the Board to develop and administer<br />
a fair and transparent procedure for<br />
seng policy on the remuneraon of<br />
directors and senior management of<br />
the <strong>Bank</strong>, and determine their<br />
remuneraon packages.<br />
• Review selecon and appointment<br />
pracces of the <strong>Bank</strong> and the processes<br />
24<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
for evaluang the performance of the<br />
Board, Board commiees and execuve<br />
management commiee members.<br />
Monitor and present recommendaons<br />
regarding Board governance issues.<br />
Composion and Qualificaons<br />
As of December 2012, the Commiee is<br />
comprised of three (3) members from the Board<br />
and Management led by the President/CEO:<br />
1. Mr. Peter Michael Buerger, Chairman<br />
(Independent Non-Execuve Director)<br />
2. Mrs. Pung Carolyne, Member (Execuve<br />
Director)<br />
3. Ms. Taing Sok Kieng, Member (Payroll<br />
Manager/Corporate Secretary)<br />
Authority and Main Responsibility for<br />
Remuneraon<br />
• Make recommendaons to the Board<br />
on the policy and structure of the <strong>Bank</strong><br />
for all remuneraon of directors and<br />
senior management, and establishment<br />
of a formal and transparent procedure<br />
for developing policy on such<br />
remuneraon.<br />
• Recommend to the Board the specific<br />
remuneraon packages of all execuve<br />
directors and senior management,<br />
including without limitaon: base<br />
salaries, deferred compensaon, stock<br />
opon and any benefits in kind, pension<br />
rights and incenve payments and any<br />
compensaon payable for loss or<br />
terminaon of their office or<br />
appointment, and make recommendaons<br />
to the Chairman on the remuneraon<br />
of non-execuve directors. The Commiee<br />
may consider factors such as salaries<br />
paid by comparable companies, me<br />
commitment, responsibilies, employment<br />
condions elsewhere in the group and<br />
the market, and desirability of performancebased<br />
remuneraon.<br />
• Review and approve performance-based<br />
remuneraon by reference to corporate<br />
goals and objecves resolved by the<br />
Board from me to me.<br />
• Review and approve the compensaon<br />
payable to execuve directors and senior<br />
management in connecon with any loss<br />
or terminaon of their office or<br />
appointment to ensure that such<br />
compensaon is determined in accordance<br />
with relevant contractual terms and that<br />
such compensaon is otherwise fair and<br />
not excessive for the <strong>Bank</strong>.<br />
• Review and approve compensaon<br />
arrangements related to dismissal<br />
or removal of directors for misconduct,<br />
and ensure that such arrangements<br />
are determined in accordance with<br />
relevant contractual terms and that<br />
any compensaon payment is otherwise<br />
reasonable and appropriate.<br />
• Provide advice to the Chairman of<br />
the Board regarding remuneraon<br />
for supplementary dues and liabilies<br />
of Directors who are also members of a<br />
Board Commiee.<br />
Authority and Main Responsibility for Nominaon<br />
• Assess and enhance necessary and<br />
desirable competencies of the Board, its<br />
commiees and directors.<br />
• Make recommendaon on the size<br />
and composion of the Board, including<br />
succession plans to enable an appropriate<br />
balance of skills, experience and experse<br />
to be maintained.<br />
• Make recommendaons to the Board on<br />
the appointment and removal of directors.<br />
• Review a process for evaluaon of the<br />
performance of the Board.<br />
• Idenfy candidates and review<br />
nominaons for appointments of members<br />
of the Board and senior management.<br />
• Review succession planning for the<br />
Chairman, alternate chairman, CEO, EVP<br />
and senior management, and talent<br />
review in the <strong>Bank</strong>.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 25
• Monitor and make recommendaons<br />
to the Board on board governance issues<br />
including board policies and pracces as<br />
necessary or appropriate to enable the<br />
Board to operate effecvely and efficiently.<br />
• Monitor developing trends, iniaves or<br />
proposals in relaon to board governance<br />
issues in Cambodia and elsewhere in<br />
order to determine the extent to which<br />
such iniaves impact the <strong>Bank</strong> and<br />
make recommendaons to the Board on<br />
any changes to be implemented.<br />
Meengs<br />
The Board Remuneraon and Nominaon<br />
Commiee schedules meengs at least once<br />
every two (2) months to assess maers as<br />
assigned by the Board. The Remuneraon and<br />
Nominaon Commiee held four (4) meengs in<br />
2012.<br />
(4) THE BOARD INTERNAL CONTROL AND<br />
COMPLIANCE COMMITTEE<br />
Purpose<br />
This Commiee was established in pursuant to<br />
the NBC’s Prakas No. B7.010.172 Pro Kor, Internal<br />
Control of <strong>Bank</strong> and Financial Instuons. The<br />
Commiee’s funcons are setup to ensure<br />
independent reporng to the Board on the<br />
<strong>Bank</strong>’s compliance performance in a mely and<br />
effecve manner, making the decision-making<br />
process efficient and responsive.<br />
Composion<br />
The Commiee is comprised of four (4) members<br />
including:<br />
1. Mr. Leow Min Fong , Chairman (Independent<br />
Non-Execuve Director)<br />
2. Mr. Lor Chee Leng, Vice-Chairman (CEO/<br />
Execuve Director)<br />
3. Mr. Charles Vann, Member (EVP/ Execuve<br />
Director)<br />
4. Mrs. Pung Carolyne, Member (Execuve<br />
Director)<br />
Authority and Responsibility<br />
• Prepare and present to the Board a wrien<br />
report on the compliance assessment and<br />
corresponding recommendaons reported<br />
by the chief compliance officer.<br />
• Take and keep minutes and other notes of<br />
quarterly and ad-hoc meengs.<br />
• The membership of the Commiee shall<br />
be updated from me to me, and<br />
approved by the Board.<br />
• Report annually to NBC according to<br />
NBC’s requirements.<br />
Meengs<br />
This Board Internal control and Compliance<br />
Commiee schedules meengs at least once<br />
every three (3) months to assess maers as<br />
assigned by the Board. In 2012, the Commiee<br />
held four (4) meengs.<br />
TOP<br />
26<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
DIRECTORS’ REPORT<br />
The Board of Directors (“the Directors”)<br />
hereby submit their report together with the<br />
consolidated financial statements of <strong>Canadia</strong><br />
<strong>Bank</strong> <strong>Plc</strong>. (“the <strong>Bank</strong>”) and its subsidiary, Cana<br />
Securies Ltd. (together referred to as “the<br />
Group”) and the separate financial statements of<br />
the <strong>Bank</strong> (collecvely referred to as “the financial<br />
statements”) as at 31 December 2012 and for the<br />
year then ended.<br />
CANADIA BANK PLC.<br />
The <strong>Bank</strong> is a commercial bank operang<br />
in accordance with the Cambodian Law on<br />
Commercial Enterprises and under the supervision<br />
of the Naonal <strong>Bank</strong> of Cambodia (“NBC” or “the<br />
Central <strong>Bank</strong>”), pursuant to the Law on <strong>Bank</strong>ing<br />
and Financial Instuons of Cambodia and in<br />
accordance with <strong>Bank</strong>ing Licence No. 05 issued<br />
by the NBC, since 1991. The <strong>Bank</strong>’s licence was<br />
renewed on 18 October 2006 for an indefinite<br />
period following the NBC’s Prakas No. B7-06-207,<br />
dated 13 September 2006.<br />
HOLDING COMPANY<br />
The holding company of the Group is <strong>Canadia</strong><br />
Investment Holding <strong>Plc</strong>. (“CIHP”), a public<br />
limited company incorporated in the Kingdom of<br />
Cambodia.<br />
PRINCIPAL ACTIVITIES<br />
The principal acvies of the <strong>Bank</strong> consist of<br />
operaons of core banking business and provisions<br />
of related financial services through the <strong>Bank</strong>’s<br />
head office and various branches in Phnom Penh<br />
and in provinces.<br />
There was no significant change in the nature of<br />
these principal acvies during the year.<br />
In February 2010, Cana Securies Ltd. (“the<br />
Subsidiary”) was incorporated as a wholly-owned<br />
subsidiary of the <strong>Bank</strong>. The Subsidiary received its<br />
securies underwring licence from the Securies<br />
Exchange Commission of Cambodia (“SECC”)<br />
on 20 October 2010. The principal acvies of<br />
the Subsidiary are to provide securies-related<br />
services; these include, but are not limited to,<br />
securies underwring, dealing, brokerage and<br />
investment related services.<br />
FINANCIAL PERFORMANCE<br />
The financial performance of the Group and of the<br />
<strong>Bank</strong> for the year ended 31 December 2012 are<br />
set out in the consolidated income statement and<br />
income statement on pages 8 and 12 respecvely.<br />
DIVIDENDS<br />
The <strong>Bank</strong> declared and paid dividends<br />
totaling US$8,104,264 during the year (2011:<br />
US$69,455,000), as disclosed in Note 21 to the<br />
financial statements.<br />
SHARE CAPITAL<br />
The <strong>Bank</strong> increased its capital to US$130,000,000<br />
during the year (2011: US$110,000,000), as<br />
disclosed in Note 19 to the financial statements.<br />
RESERVES AND PROVISIONS<br />
There was no material movement to or from<br />
reserves and provisions during the financial<br />
year other than those disclosed in the financial<br />
statements.<br />
BAD AND DOUBTFUL LOANS AND ADVANCES<br />
Before the financial statements of the Group and<br />
of the <strong>Bank</strong> were drawn up, the Directors took<br />
reasonable steps to ascertain that acon had been<br />
taken in relaon to the wring-off of bad loans<br />
or the making of provisions for bad and doubul<br />
loans and advances, and have sasfied themselves<br />
that all known bad loans and advances had been<br />
wrien-off and that adequate provisions had been<br />
made for bad and doubul loans and advances.<br />
At the date of this report, the Directors are not<br />
aware of any circumstances that would render the<br />
amount wrien-off for bad loans and advances or<br />
the amount of the provision for bad and doubul<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 27
loans and advances in the financial statements<br />
of the Group and of the <strong>Bank</strong> inadequate to any<br />
material extent.<br />
ASSETS<br />
Before the financial statements of the Group<br />
and of the <strong>Bank</strong> were drawn up, the Directors<br />
took reasonable steps to ensure that any assets<br />
that were unlikely to be realised in the ordinary<br />
course of business at their value as shown in the<br />
accounng records of the Group and of the <strong>Bank</strong>,<br />
have been wrien down to an amount that they<br />
might be expected to realise.<br />
At the date of this report, the Directors are not<br />
aware of any circumstances that would render<br />
the values aributed to the assets in the financial<br />
statements of the Group and of the <strong>Bank</strong><br />
misleading in any material respect.<br />
VALUATION METHODS<br />
At the date of this report, the Directors are not<br />
aware of any circumstances that have arisen<br />
that would render adherence to the exisng<br />
method of valuaon of assets and liabilies in<br />
the financial statements of the Group and of the<br />
<strong>Bank</strong> misleading or inappropriate in any material<br />
respect.<br />
CONTINGENT AND OTHER LIABILITIES<br />
At the date of this report, there is:<br />
(a) no charge on the assets of the Group and of<br />
the <strong>Bank</strong> that has arisen since the end of<br />
the year that secures the liabilies of any<br />
other person, and<br />
(b) no conngent liability in respect of the Group<br />
and of the <strong>Bank</strong> that has arisen since the end<br />
of the year other than in the ordinary course<br />
of banking business.<br />
No conngent or other liability of the Group and<br />
of the <strong>Bank</strong> has become enforceable, or is likely<br />
to become enforceable within the period of 12<br />
months aer the end of the year which, in the<br />
opinion of the Directors, will or might have a<br />
material effect on the ability of the Group and<br />
of the <strong>Bank</strong> to meet its obligaons as and when<br />
they become due.<br />
CHANGE OF CIRCUMSTANCES<br />
At the date of this report, the Directors are not<br />
aware of any circumstances not otherwise dealt<br />
with in this report or the financial statements of<br />
the Group and of the <strong>Bank</strong> that would render<br />
any amount stated in the financial statements<br />
misleading in any material respect.<br />
ITEMS OF AN UNUSUAL NATURE<br />
The results of the operaons of the Group and<br />
of the <strong>Bank</strong> for the year were not, in the opinion<br />
of the Directors, materially affected by any item,<br />
transacon or event of a material and unusual<br />
nature. There has not arisen in the interval<br />
between the end of the year and the date of<br />
this report any item, transacon or event of a<br />
material and unusual nature likely, in the opinion<br />
of the Directors, to affect substanally the results<br />
of the operaons of the Group and of the <strong>Bank</strong><br />
for year in which this report is made.<br />
THE BOARD OF DIRECTORS<br />
The members of the Board of Directors of the<br />
<strong>Bank</strong> during the year and at the date of this<br />
report are:<br />
• Mr. Pung Kheav Se, Chairman<br />
• Mr. Lor Chee Leng, Chief Execuve Officer<br />
• Mr. Charles Vann, Execuve Vice President<br />
• Mrs. Pung Carolyne, Assistant to Chairman<br />
• Mr. Chen Lee Yiaw Hui, Senior Vice President<br />
• Mr. Leow Ming Fong, Independent Non-<br />
Execuve<br />
• Mr. Gerald Yeo, Independent Non-Execuve<br />
• Mr. Peter Michael Buerger, Independent Non-<br />
Execuve<br />
DIRECTORS’ INTERESTS<br />
The <strong>Bank</strong>’s director who holds shares in CIHP, the<br />
ulmate parent of the <strong>Bank</strong>, is Mr. Pung Kheav Se.<br />
DIRECTORS’ BENEFITS<br />
During and at the end of the year, no arrangement<br />
existed to which the <strong>Bank</strong> was a party with<br />
the object of enabling directors of the <strong>Bank</strong> to<br />
acquire benefits by means of the acquision of<br />
shares in or debentures of the <strong>Bank</strong> or any other<br />
body corporate.<br />
28<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
No director of the <strong>Bank</strong> has received or become<br />
entled to receive any benefit by reason of a<br />
contract made by the <strong>Bank</strong> with the directors or<br />
with a firm of which the director is a member,<br />
or with a company in which the director has a<br />
substanal financial interest other than those<br />
disclosed in the financial statements.<br />
STATEMENT OF THE BOARD OF DIRECTORS’<br />
RESPONSIBILITIES IN RESPECT OF THE<br />
FINANCIAL STATEMENTS<br />
The Board of Directors is responsible for<br />
ensuring that the financial statements are<br />
properly drawn up so as to present fairly, in<br />
all material respects, the financial posion of<br />
the Group and of the <strong>Bank</strong> as at 31 December<br />
2012, and their financial performance and<br />
cash flows for the year then ended. The Board<br />
of Directors oversees preparaon of these<br />
financial statements by management, which is<br />
required to:<br />
i) adopt appropriate accounng policies that<br />
are supported by reasonable and prudent<br />
judgements and esmates and then apply<br />
them consistently;<br />
ii) comply with the disclosure requirements and<br />
the guidelines issued by the Naonal <strong>Bank</strong> of<br />
Cambodia and Cambodian Accounng<br />
Standards or, if there has been any departure<br />
in the interests of fair presentaon, ensure<br />
that these have been appropriately disclosed,<br />
explained and quanfied in the financial<br />
statements;<br />
The Board of Directors confirms that the<br />
Group and the <strong>Bank</strong> have complied with the<br />
above requirements in preparing the financial<br />
statements.<br />
APPROVAL OF THE FINANCIAL STATEMENTS<br />
The accompanying financial statements,<br />
together with the notes thereto, which present<br />
fairly, in all material respects, the financial<br />
posion of the Group and of the <strong>Bank</strong> as<br />
at 31 December 2012, and their financial<br />
performance and cash flows of the Group<br />
and of the <strong>Bank</strong> for the year then ended in<br />
accordance with the guidelines issued by the<br />
Naonal <strong>Bank</strong> of Cambodia and Cambodian<br />
Accounng Standards, were approved by the<br />
Board of Directors.<br />
Signed in accordance with a resoluon of the<br />
Board of Directors.<br />
__________________<br />
Mr. Pung Kheav Se<br />
Chairman<br />
__________________<br />
Mr. Lor Chee Leng<br />
Chief Execuve Officer<br />
Phnom Penh, Kingdom of Cambodia<br />
Date: 26 March 2013<br />
iii) maintain adequate accounng records and an<br />
effecve system of internal controls;<br />
iv) prepare the financial statements on a goingconcern<br />
basis, unless it is inappropriate to<br />
assume that the Group will connue<br />
operaons in the foreseeable future, and<br />
v) effecvely control and direct the Group in all<br />
material decisions affecng its operaons and<br />
performance and ascertain that these<br />
have been properly reflected in the financial<br />
statements.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 29
INDEPENDENT AUDITOR’S REPORT<br />
To the Shareholders of <strong>Canadia</strong> <strong>Bank</strong> <strong>Plc</strong>.<br />
We have audited the accompanying<br />
consolidated financial statements of <strong>Canadia</strong><br />
<strong>Bank</strong> <strong>Plc</strong>. (“the <strong>Bank</strong>”) and its subsidiary, Cana<br />
Securies Ltd. (together referred to as “the<br />
Group”) and the separate financial statements<br />
of the <strong>Bank</strong> (collecvely referred to as “the<br />
financial statements”), which comprise the<br />
balance sheets as at 31 December 2012 of<br />
the Group and of the <strong>Bank</strong> and the income<br />
statements, statements of changes in equity<br />
and statement of cash flows for the year then<br />
ended, and a summary of significant accounng<br />
policies and other explanatory notes.<br />
Management’s responsibility for the financial<br />
statements<br />
The management is responsible for the<br />
preparaon and fair presentaon of these<br />
financial statements in accordance with<br />
the guidelines issued by the Naonal <strong>Bank</strong><br />
of Cambodia and Cambodian Accounng<br />
Standards, and for such internal control as<br />
management determines is necessary to enable<br />
the preparaon of financial statements that are<br />
free from material misstatement, whether due<br />
to fraud or error.<br />
Auditor’s responsibility<br />
Our responsibility is to express an opinion on<br />
these financial statements based on our audit.<br />
We conducted our audit in accordance with<br />
Cambodian Internaonal Standards on Auding.<br />
Those Standards require that we comply with<br />
ethical requirements and plan and perform the<br />
audit to obtain reasonable assurance about<br />
whether the financial statements are free from<br />
material misstatement.<br />
An audit involves performing procedures to<br />
obtain audit evidence about the amounts and<br />
disclosures in the financial statements. The<br />
procedures selected depend on the auditor’s<br />
judgement, including assessment of the risks<br />
of material misstatement of the financial<br />
statements, whether due to fraud or error. In<br />
making those risk assessments, the auditor<br />
considers internal controls relevant to the<br />
enty’s preparaon and fair presentaon of<br />
the financial statements in order to design<br />
audit procedures that are appropriate in the<br />
circumstances, but not for the purpose of<br />
expressing an opinion on the effecveness of the<br />
enty’s internal controls. An audit also includes<br />
evaluang the appropriateness of accounng<br />
policies used and the reasonableness of<br />
accounng esmates made by management,<br />
as well as evaluang the overall presentaon of<br />
the financial statements.<br />
We believe that the audit evidence we have<br />
obtained is sufficient and appropriate to<br />
provide a basis for our audit opinion.<br />
Opinion<br />
In our opinion, the financial statements<br />
present fairly, in all material respects, the<br />
financial posion of the Group and of the <strong>Bank</strong><br />
as at 31 December 2012, and their financial<br />
performance and cash flows for the year<br />
then ended in accordance with the guidelines<br />
issued by the Naonal <strong>Bank</strong> of Cambodia and<br />
Cambodian Accounng Standards.<br />
For PricewaterhouseCoopers (Cambodia) Ltd.<br />
By Kuy Lim<br />
Partner<br />
Phnom Penh, Kingdom of Cambodia<br />
Date: 26 March 2013<br />
30<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
តារាងតុលការរួម<br />
គិត ឹម្ង ទី ៣១ ធ្ន ឆា ំ <strong>២០១២</strong><br />
<br />
<br />
<br />
<br />
.. . .. .<br />
.. .. .. ..<br />
.. . .. .<br />
.. .. .. ..<br />
.. . - -<br />
.. . .. .<br />
. . . .<br />
.. . .. .<br />
.. . .. .<br />
<br />
<br />
... .. ... ..<br />
<br />
.. . .. .<br />
... .. .. ..<br />
.. . .. .<br />
<br />
.. . .. .<br />
.. . .. .<br />
<br />
.. . .. .<br />
.. . .. .<br />
... .. ... ..<br />
<br />
.. . .. .<br />
.. . - -<br />
.. . .. .<br />
.. . .. .<br />
... .. ... ..<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 31
2012 年 12 月 31 日<br />
<br />
2012 2011<br />
備 註 美 元 柬 幣 美 元 柬 幣<br />
( 億 為 單 位 ) ( 億 為 單 位 )<br />
資 產<br />
<br />
現 金 91,404,020 365,159 87,295,889 352,588<br />
中 央 銀 行 結 餘 4 412,116,864 1,646,407 298,268,845 1,204,708<br />
其 他 同 業 銀 行 結 餘 5 128,458,506 513,192 97,471,765 393,689<br />
貸 款 及 預 付 款 6 845,419,324 3,377,450 721,512,278 2,914,189<br />
備 供 出 售 投 資 7 3,277,228 13,093 <br />
物 業 和 設 備 9 44,604,259 178,195 37,310,430 150,696<br />
無 形 資 產 10 349,736 1,397 333,805 1,348<br />
遞 延 所 得 稅 資 產 11 1,303,097 5,206 1,036,355 4,186<br />
其 他 資 產 12 12,873,612 51,430 12,199,293 49,273<br />
<br />
資 產 總 額 1,539,806,646 6,151,529 1,255,428,660 5,070,677<br />
<br />
負 債 及 股 東 權 益<br />
<br />
<br />
負 債<br />
<br />
其 他 銀 行 存 款 13 69,989,329 279,607 84,658,613 341,936<br />
客 戶 存 款 14 1,207,259,222 4,823,001 965,603,777 3,900,074<br />
應 交 所 得 稅 29 8,863,499 35,410 5,893,101 23,803<br />
借 款 15 17,913,025 71,563 19,274,829 77,851<br />
次 級 債 務 16 7,080,000 28,285 7,080,000 28,596<br />
員 工 補 償 預 備 金 17 2,175,845 8,693 1,767,357 7,138<br />
其 他 負 債 18 25,261,198 100,918 17,261,794 69,721<br />
<br />
負 債 總 額 1,338,542,118 5,347,477 1,101,539,471 4,449,119<br />
<br />
股 東 權 益<br />
<br />
資 本 19 130,000,000 519,350 110,000,000 444,290<br />
儲 備 金 20 15,091,569 60,291 <br />
留 存 收 益 56,172,959 224,411 43,889,189 177,268<br />
<br />
股 東 權 益 總 額 201,264,528 804,052 153,889,189 621,558<br />
<br />
負 債 及 股 東 權 益 總 額 1,539,806,646 6,151,529 1,255,428,660 5,070,677<br />
<br />
<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
32<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
CONSOLIDATED BALANCE SHEET<br />
AS AT 31 DECEMBER 2012<br />
2012<br />
2011<br />
Note US$ MillionRiel US$ MillionRiel<br />
<br />
ASSETS<br />
<br />
Cashonhand 91,404,020 365,159 87,295,889 352,588<br />
BalanceswiththeNBC 4 412,116,864 1,646,407 298,268,845 1,204,708<br />
Balanceswithotherbanks 5 128,458,506 513,192 97,471,765 393,689<br />
Loansandadvances 6 845,419,324 3,377,450 721,512,278 2,914,189<br />
Availableforsalefinancialassets 7 3,277,228 13,093 <br />
Propertyandequipment 9 44,604,259 178,195 37,310,430 150,696<br />
Intangibleassets 10 349,736 1,397 333,805 1,348<br />
Deferredtaxassets 11 1,303,097 5,206 1,036,355 4,186<br />
Otherassets 12 12,873,612 51,430 12,199,293 49,273<br />
<br />
Totalassets 1,539,806,646 6,151,529 1,255,428,660 5,070,677<br />
<br />
LIABILITIESANDEQUITY<br />
<br />
<br />
LIABILITIES<br />
<br />
Depositsfrombanks 13 69,989,329 279,607 84,658,613 341,936<br />
Depositsfromcustomers 14 1,207,259,222 4,823,001 965,603,777 3,900,074<br />
Incometaxpayable 29 8,863,499 35,410 5,893,101 23,803<br />
Borrowings 15 17,913,025 71,563 19,274,829 77,851<br />
Subordinateddebt 16 7,080,000 28,285 7,080,000 28,596<br />
Provisionforstaffgratitude 17 2,175,845 8,693 1,767,357 7,138<br />
Otherliabilities 18 25,261,198 100,918 17,261,794 69,721<br />
<br />
Totalliabilities 1,338,542,118 5,347,477 1,101,539,471 4,449,119<br />
<br />
EQUITY<br />
<br />
Sharecapital 19 130,000,000 519,350 110,000,000 444,290<br />
Reserves 20 15,091,569 60,291 <br />
Retainedearnings 56,172,959 224,411 43,889,189 177,268<br />
<br />
Totalequity 201,264,528 804,052 153,889,189 621,558<br />
<br />
Totalliabilitiesandequity 1,539,806,646 6,151,529 1,255,428,660 5,070,677<br />
<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 33
របាយការណ៌លទ្ធ ផលរួម<br />
គិត ឹម្ង ទី ៣១ ធ្ន ឆា ំ <strong>២០១២</strong><br />
<br />
<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
.. . .. .<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
34<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
2012 年 12 月 31 日<br />
<br />
<br />
2012<br />
2011<br />
備 註 美 元 柬 幣 美 元 柬 幣<br />
( 億 為 單 位 ) ( 億 為 單 位 )<br />
利 息 收 入 22 91,824,962 366,841 66,525,938 268,698<br />
利 息 支 出 22 (35,481,291) (141,748) (29,645,543) (119,739)<br />
<br />
淨 利 息 收 入 22 56,343,671 225,093 36,880,395 148,959<br />
<br />
手 續 費 及 佣 金 收 入 23 15,419,977 61,603 12,271,993 49,565<br />
手 續 費 及 佣 金 支 出 23 (2,888,831) (11,541) (2,252,376) (9,097)<br />
<br />
淨 手 續 費 及 佣 金 收 入 23 12,531,146 50,062 10,019,617 40,468<br />
<br />
其 他 佣 金 收 入 24 1,215,818 4,857 4,729,365 19,103<br />
<br />
營 業 收 入 總 額 70,090,635 280,012 51,629,377 208,530<br />
<br />
人 事 費 用 25 (8,811,945) (35,204) (7,681,711) (31,026)<br />
折 舊 以 及 攤 銷 費 用 26 (4,369,588) (17,457) (4,093,052) (16,532)<br />
行 政 及 管 理 費 用 27 (8,361,462) (33,404) (7,632,762) (30,829)<br />
貸 款 及 預 付 款 損 失 預 備 金 28 (4,114,753) (16,438) (3,350,010) (13,530)<br />
<br />
稅 前 利 潤 44,432,887 177,509 28,871,842 116,613<br />
<br />
所 得 稅 費 用 29 (8,994,076) (35,931) (5,716,801) (23,090)<br />
<br />
年 度 淨 利 潤 35,438,811 141,578 23,155,041 93,523<br />
<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
合 併 股 東 權 益 變 動 表<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 35
CONSOLIDATED INCOME STATEMENT<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2012<br />
2011<br />
Note US$ MillionRiel US$ MillionRiel<br />
<br />
Interestincome 22 91,824,962 366,841 66,525,938 268,698<br />
Interestexpense 22 (35,481,291) (141,748) (29,645,543) (119,739)<br />
<br />
<br />
Netinterestincome 22 56,343,671 225,093 36,880,395 148,959<br />
<br />
Feeandcommissionincome 23 15,419,977 61,603 12,271,993 49,565<br />
Feeandcommissionexpense 23 (2,888,831) (11,541) (2,252,376) (9,097)<br />
<br />
Netfeeandcommissionincome 23 12,531,146 50,062 10,019,617 40,468<br />
<br />
Otheroperatingincome 24 1,215,818 4,857 4,729,365 19,103<br />
<br />
Totaloperatingincome 70,090,635 280,012 51,629,377 208,530<br />
<br />
Personnelexpenses 25 (8,811,945) (35,204) (7,681,711) (31,026)<br />
Depreciationandamortisation<br />
expenses 26 (4,369,588) (17,457) (4,093,052) (16,532)<br />
Generalandadministrative<br />
expenses 27 (8,361,462) (33,404) (7,632,762) (30,829)<br />
Provisionforloanlosses 28 (4,114,753) (16,438) (3,350,010) (13,530)<br />
<br />
Profitbeforeincometax 44,432,887 177,509 28,871,842 116,613<br />
<br />
Incometaxexpense 29 (8,994,076) (35,931) (5,716,801) (23,090)<br />
<br />
Profitfortheyear 35,438,811 141,578 23,155,041 93,523<br />
<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
36<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
របាយការណ៍ប ប លមូលធនរួម<br />
ស ប់ដំណាច់ឆា ំ្ង ទី៣១ ធ្ន ឆា ំ<strong>២០១២</strong><br />
<br />
<br />
<br />
<br />
.. - .. ..<br />
.. - - ..<br />
- .. (..) -<br />
- - (..) (..)<br />
<br />
. - .<br />
- - .. ..<br />
.. .. .. ..<br />
. . . .<br />
<br />
.. - .. ..<br />
.. - - ..<br />
- - (..) (..)<br />
- - .. ..<br />
.. - .. ..<br />
. - . .<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 37
2012 年 12 月 31 日<br />
<br />
<br />
資 本 儲 備 金 留 存 收 益 總 額<br />
備 註 美 元 美 元 美 元 美 元<br />
2012 年 1 月 1 日 結 餘 110,000,000 43,889,189 153,889,189<br />
發 行 股 本 19 20,000,000 20,000,000<br />
轉 到 儲 備 金 20 15,050,777 (15,050,777) <br />
股 息 21 (8,104,264) (8,104,264)<br />
備 供 出 售 金 融 資 產 價 值 變 動 20 40,792 40,792<br />
年 度 利 潤 35,438,811 35,438,811<br />
2012 年 12 月 31 日 結 餘 130,000,000 15,091,569 56,172,959 201,264,528<br />
柬 幣 ( 億 為 單 位 ) 519,350 60,291 224,411 804,052<br />
2011 年 1 月 1 日 結 餘 40,545,000 90,189,148 130,734,148<br />
發 行 股 本 19 69,455,000 69,455,000<br />
股 息 21 (69,455,000) (69,455,000)<br />
年 度 利 潤 23,155,041 23,155,041<br />
2011 年 12 月 31 日 結 餘 110,000,000 43,889,189 153,889,189<br />
柬 幣 ( 億 為 單 位 ) 444,290 177,268 621,558<br />
<br />
<br />
<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
38<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
Paidup<br />
Retained<br />
capital Reserves earnings Total<br />
Notes US$ US$ US$ US$<br />
At1January2012 110,000,000 43,889,189 153,889,189<br />
Issueofsharecapital 19 20,000,000 20,000,000<br />
Transferredtoreserves 20 15,050,777 (15,050,777) <br />
Dividends 21 (8,104,264) (8,104,264)<br />
Changeinvalueofavailableforsale<br />
financialassets 20 40,792 40,792<br />
Profitfortheyear 35,438,811 35,438,811<br />
At31December2012 130,000,000 15,091,569 56,172,959 201,264,528<br />
MillionRielequivalent 519,350 60,291 224,411 804,052<br />
At1January2011 40,545,000 90,189,148 130,734,148<br />
Issueofsharecapital 19 69,455,000 69,455,000<br />
Dividends 21 (69,455,000) (69,455,000)<br />
Profitfortheyear 23,155,041 23,155,041<br />
At31December2011 110,000,000 43,889,189 153,889,189<br />
MillionRielequivalent 444,290 177,268 621,558<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 39
របាយការណ៍លំហូរសាច់ ក់រួម<br />
ស ប់ដំណាច់ឆា ំ្ង ទី៣១ ធ្ន ឆា ំ<strong>២០១២</strong><br />
<br />
<br />
<br />
/( ) .. . (..) (.)<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
/( )<br />
.. . (..) (.)<br />
<br />
<br />
<br />
(..) (.) (..) (.)<br />
(.) () (.) ()<br />
<br />
. . <br />
(..) (.) .. .<br />
(..) (.) (..) (.)<br />
<br />
<br />
<br />
.. . .. .<br />
<br />
- - .. .<br />
<br />
(..) (.) (.) (.)<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
/()<br />
.. . (..) (.)<br />
.. .. .. ..<br />
- (.) - (.)<br />
.. .. .. ..<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
40<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
2012 年 12 月 31 日<br />
<br />
2012 2011<br />
備 註 美 元 柬 幣 美 元 柬 幣<br />
( 億 為 單 位 ) ( 億 為 單 位 )<br />
營 業 活 動 現 金 流 量<br />
<br />
來 自 ( 所 用 ) 營 業 活 動 的 現 金 30 71,255,080 284,665 (89,470,625) (361,373)<br />
利 息 收 入 91,260,094 364,584 64,416,642 260,179<br />
利 息 支 出 (34,108,135) (136,262) (27,560,518) (111,317)<br />
所 得 稅 支 出 29 (6,290,420) (25,130) (4,022,650) (16,247)<br />
<br />
來 自 ( 所 用 ) 營 業 活 動 的 現 金 122,116,619 487,857 (56,637,151) (228,758)<br />
<br />
投 資 活 動 現 金 流 量<br />
<br />
增 購 物 業 和 設 備 9 (11,529,264) (46,059) (8,292,774) (33,495)<br />
增 購 電 腦 軟 体 10 (237,466) (949) (156,751) (633)<br />
收 入 來 自 于 出 售 物 業 和 設 備 108,730 434 45,704 185<br />
備 供 出 售 金 融 資 產 (3,236,436) (12,930) 7,000,000 28,273<br />
投 資 活 動 所 用 的 現 金 淨 額 (14,894,436) (59,504) (1,403,821) (5,670)<br />
<br />
融 資 運 作 現 金 流 量<br />
<br />
發 行 股 本 所 收 到 的 資 金 19 20,000,000 79,900 69,455,000 280,529<br />
借 款 收 入 7,474,607 30,190<br />
償 還 借 款 (1,361,804) (5,440) (717,197) (2,897)<br />
已 付 股 息 21 (8,104,264) (32,377) (69,455,000) (280,529)<br />
<br />
投 資 活 動 所 用 的 現 金 淨 額 10,533,932 42,083 6,757,410 27,293<br />
<br />
現 金 及 約 當 現 金 之 ( 減 少 ) 增 加 餘 額 117,756,115 470,436 (51,283,562) (207,135)<br />
現 金 及 約 當 現 金 年 初 額 338,029,013 1,365,300 389,312,575 1,577,884<br />
匯 率 變 動 差 額 (14,875) (5,449)<br />
<br />
<br />
現 金 及 約 當 現 金 年 終 額 31 455,785,128 1,820,861 338,029,013 1,365,300<br />
<br />
<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 41
CONSOLIDATED STATEMENT OF CASH FLOWS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2012 2011<br />
Note US$ MillionRiel US$ MillionRiel<br />
<br />
Cashflowsfromoperatingactivities<br />
<br />
Cashfrom/(usedin)operations 30 71,255,080 284,665 (89,470,625) (361,373)<br />
Interestreceived 91,260,094 364,584 64,416,642 260,179<br />
Interestpaid (34,108,135) (136,262) (27,560,518) (111,317)<br />
Incometaxpaid 29 (6,290,420) (25,130) (4,022,650) (16,247)<br />
<br />
Netcashfrom/(usedin)operating<br />
activities 122,116,619 487,857 (56,637,151) (228,758)<br />
<br />
Cashflowsfrominvestingactivities<br />
<br />
Purchasesofpropertyandequipment 9 (11,529,264) (46,059) (8,292,774) (33,495)<br />
Purchasesofintangibleassets 10 (237,466) (949) (156,751) (633)<br />
Proceedsfromdisposalsofpropertyand<br />
equipment 108,730 434 45,704 185<br />
Availableforsalefinancialassets (3,236,436) (12,930) 7,000,000 28,273<br />
Netcashusedininvesting<br />
activities (14,894,436) (59,504) (1,403,821) (5,670)<br />
<br />
Cashflowsfromfinancingactivities<br />
<br />
Proceedsfromissueofsharecapital 19 20,000,000 79,900 69,455,000 280,529<br />
Proceedsfromborrowings 7,474,607 30,190<br />
Repaymentsofborrowings (1,361,804) (5,440) (717,197) (2,897)<br />
Dividendspaid 21 (8,104,264) (32,377) (69,455,000) (280,529)<br />
<br />
Netcashfromfinancingactivities 10,533,932 42,083 6,757,410 27,293<br />
<br />
Netincrease/(decrease)incashandcash<br />
equivalents 117,756,115 470,436 (51,283,562) (207,135)<br />
Cashandcashequivalentsat<br />
beginningofyear 338,029,013 1,365,300 389,312,575 1,577,884<br />
Currencytranslationdifferences (14,875) (5,449)<br />
<br />
Cashandcashequivalentsatendofyear 31 455,785,128 1,820,861 338,029,013 1,365,300<br />
<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
42<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
តារាងតុលការ<br />
ស ប់ដំណាច់ឆា ំ្ង ទី៣១ ធ្ន ឆា ំ<strong>២០១២</strong><br />
<br />
<br />
<br />
.. . .. .<br />
.. .. .. ..<br />
.. . .. .<br />
<br />
.. .. .. ..<br />
.. . .. .<br />
.. . .. .<br />
. . . .<br />
.. . .. .<br />
.. . .. .<br />
<br />
<br />
... .. ... ..<br />
<br />
.. . .. .<br />
... .. .. ..<br />
.. . .. .<br />
<br />
.. . .. .<br />
.. . .. .<br />
<br />
.. . .. .<br />
.. . .. .<br />
... .. ... ..<br />
<br />
.. . .. .<br />
.. . - -<br />
.. . .. .<br />
.. . .. .<br />
... .. ... ..<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 43
2012 年 12 月 31 日<br />
2012<br />
2011<br />
備 註 美 元 柬 幣 美 元 柬 幣<br />
( 億 為 單 位 ) ( 億 為 單 位 )<br />
資 產<br />
<br />
現 金 91,403,720 365,158 87,295,889 352,588<br />
中 央 銀 行 結 餘 4 411,115,612 1,642,407 297,281,922 1,200,722<br />
其 他 同 業 銀 行 結 餘 5 128,458,506 513,192 97,471,765 393,689<br />
貸 款 及 預 付 款 6 845,419,324 3,377,450 721,512,278 2,914,189<br />
投 資 子 公 司 8 10,158,400 40,583 10,000,000 40,390<br />
物 業 和 設 備 9 44,502,927 177,790 37,264,437 150,511<br />
無 形 資 產 10 349,736 1,397 333,805 1,348<br />
遞 延 所 得 稅 資 產 11 1,303,097 5,206 1,036,355 4,186<br />
其 他 資 產 12 12,818,691 51,211 12,339,520 49,839<br />
<br />
資 產 總 額 1,545,530,013 6,174,394 1,264,535,971 5,107,462<br />
<br />
負 債 及 股 東 權 益<br />
<br />
<br />
負 債<br />
<br />
其 他 銀 行 存 款 13 69,989,329 279,607 84,658,613 341,936<br />
客 戶 存 款 14 1,212,835,272 4,845,277 974,644,319 3,936,589<br />
應 交 所 得 稅 29 8,861,815 35,403 5,893,101 23,803<br />
借 款 15 17,913,025 71,563 19,274,829 77,851<br />
次 級 債 務 16 7,080,000 28,285 7,080,000 28,596<br />
員 工 補 償 預 備 金 17 2,175,845 8,693 1,767,357 7,138<br />
其 他 負 債 18 25,257,461 100,904 17,245,456 69,655<br />
<br />
負 債 總 額 1,344,112,747 5,369,732 1,110,563,675 4,485,568<br />
<br />
股 東 權 益<br />
<br />
資 本 19 130,000,000 519,350 110,000,000 444,290<br />
儲 備 金 20 15,050,777 60,128 <br />
留 存 收 益 56,366,489 225,184 43,972,296 177,604<br />
<br />
股 東 權 益 總 額 201,417,266 804,662 153,972,296 621,894<br />
<br />
負 債 及 股 東 權 益 總 額 1,545,530,013 6,174,394 1,264,535,971 5,107,462<br />
<br />
<br />
<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
44<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
BALANCE SHEET<br />
AS AT 31 DECEMBER 2012<br />
2012<br />
2011<br />
Note US$ MillionRiel US$ MillionRiel<br />
<br />
ASSETS<br />
<br />
Cashonhand 91,403,720 365,158 87,295,889 352,588<br />
BalanceswiththeNBC 4 411,115,612 1,642,407 297,281,922 1,200,722<br />
Balanceswithotherbanks 5 128,458,506 513,192 97,471,765 393,689<br />
Loansandadvances 6 845,419,324 3,377,450 721,512,278 2,914,189<br />
Investmentinsubsidiary 8 10,158,400 40,583 10,000,000 40,390<br />
Propertyandequipment 9 44,502,927 177,790 37,264,437 150,511<br />
Intangibleassets 10 349,736 1,397 333,805 1,348<br />
Deferredtaxassets 11 1,303,097 5,206 1,036,355 4,186<br />
Otherassets 12 12,818,691 51,211 12,339,520 49,839<br />
<br />
Totalassets 1,545,530,013 6,174,394 1,264,535,971 5,107,462<br />
<br />
LIABILITIESANDEQUITY<br />
<br />
<br />
LIABILITIES<br />
<br />
Depositsfrombanks 13 69,989,329 279,607 84,658,613 341,936<br />
Depositsfromcustomers 14 1,212,835,272 4,845,277 974,644,319 3,936,589<br />
Incometaxpayable 29 8,861,815 35,403 5,893,101 23,803<br />
Borrowings 15 17,913,025 71,563 19,274,829 77,851<br />
Subordinateddebt 16 7,080,000 28,285 7,080,000 28,596<br />
Provisionforstaffgratitude 17 2,175,845 8,693 1,767,357 7,138<br />
Otherliabilities 18 25,257,461 100,904 17,245,456 69,655<br />
<br />
Totalliabilities 1,344,112,747 5,369,732 1,110,563,675 4,485,568<br />
<br />
EQUITY<br />
<br />
Sharecapital 19 130,000,000 519,350 110,000,000 444,290<br />
Reserves 20 15,050,777 60,128 <br />
Retainedearnings 56,366,489 225,184 43,972,296 177,604<br />
<br />
Totalequity 201,417,266 804,662 153,972,296 621,894<br />
<br />
Totalliabilitiesandequity 1,545,530,013 6,174,394 1,264,535,971 5,107,462<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 45
របាយការណ៍លទ្ធ ផល<br />
ស ប់ដំណាច់ឆា ំ្ង ទី៣១ ធ្ន ឆា ំ<strong>២០១២</strong><br />
<br />
<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
.. . .. .<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
46<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
2012 年 12 月 31 日<br />
2012 2011<br />
備 註 美 元 柬 幣 美 元 柬 幣<br />
( 億 為 單 位 ) ( 億 為 單 位 )<br />
利 息 收 入 22 91,674,962 366,241 66,525,938 268,698<br />
利 息 支 出 22 (35,572,340) (142,111) (29,645,543) (119,739)<br />
<br />
淨 利 息 收 入 22 56,102,622 224,130 36,880,395 148,959<br />
<br />
手 續 費 及 佣 金 收 入 23 15,410,355 61,564 12,271,993 49,565<br />
手 續 費 及 佣 金 支 出 23 (2,886,001) (11,530) (2,252,376) (9,097)<br />
<br />
淨 手 續 費 及 佣 金 收 入 23 12,524,354 50,034 10,019,617 40,468<br />
<br />
其 他 佣 金 收 入 24 1,228,630 4,908 4,740,615 19,148<br />
<br />
營 業 收 入 總 額 69,855,606 279,072 51,640,627 208,575<br />
<br />
人 事 費 用 25 (8,639,637) (34,515) (7,647,574) (30,889)<br />
折 舊 以 及 攤 銷 費 用 26 (4,311,837) (17,226) (4,087,872) (16,511)<br />
行 政 及 管 理 費 用 27 (8,248,577) (32,953) (7,603,461) (30,710)<br />
貸 款 及 預 付 款 損 失 預 備 金 28 (4,114,753) (16,438) (3,350,010) (13,530)<br />
<br />
稅 前 利 潤 44,540,802 177,940 28,951,710 116,935<br />
<br />
所 得 稅 費 用 29 (8,991,568) (35,921) (5,716,801) (23,090)<br />
<br />
年 度 淨 利 潤 35,549,234 142,019 23,234,909 93,845<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 47
INCOME STATEMENT<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2012<br />
2011<br />
Note US$ MillionRiel US$ MillionRiel<br />
<br />
Interestincome 22 91,674,962 366,241 66,525,938 268,698<br />
Interestexpense 22 (35,572,340) (142,111) (29,645,543) (119,739)<br />
<br />
Netinterestincome 22 56,102,622 224,130 36,880,395 148,959<br />
<br />
Feeandcommissionincome 23 15,410,355 61,564 12,271,993 49,565<br />
Feeandcommissionexpense 23 (2,886,001) (11,530) (2,252,376) (9,097)<br />
<br />
Netfeeandcommissionincome 23 12,524,354 50,034 10,019,617 40,468<br />
<br />
Otheroperatingincome 24 1,228,630 4,908 4,740,615 19,148<br />
<br />
Totaloperatingincome 69,855,606 279,072 51,640,627 208,575<br />
<br />
Personnelexpenses 25 (8,639,637) (34,515) (7,647,574) (30,889)<br />
Depreciationandamortisation<br />
expenses 26 (4,311,837) (17,226) (4,087,872) (16,511)<br />
Generalandadministrative<br />
expenses 27 (8,248,577) (32,953) (7,603,461) (30,710)<br />
Provisionforloanlosses 28 (4,114,753) (16,438) (3,350,010) (13,530)<br />
<br />
Profitbeforeincometax 44,540,802 177,940 28,951,710 116,935<br />
<br />
Incometaxexpense 29 (8,991,568) (35,921) (5,716,801) (23,090)<br />
<br />
Profitfortheyear 35,549,234 142,019 23,234,909 93,845<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
48<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
របាយការណ៍ប ប លមូលធន<br />
ស ប់ដំណាច់ឆា ំ្ង ទី៣១ ធ្ន ឆា ំ<strong>២០១២</strong><br />
<br />
<br />
<br />
.. - .. ..<br />
.. - - ..<br />
- .. (..) -<br />
- - (..) (..)<br />
- - .. ..<br />
.. .. .. ..<br />
. . . .<br />
<br />
.. - .. ..<br />
.. - - ..<br />
- - (..) (..)<br />
- - .. ..<br />
.. - .. ..<br />
. - . .<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 49
2012 年 12 月 31 日<br />
資 本 儲 備 金 留 存 收 益 總 額<br />
備 註 美 元 美 元 美 元 美 元<br />
2012 年 1 月 1 日 結 餘 110,000,000 43,972,296 153,972,296<br />
發 行 股 本 19 20,000,000 20,000,000<br />
轉 到 儲 備 金 20 15,050,777 (15,050,777) <br />
股 息 21 (8,104,264) (8,104,264)<br />
年 度 利 潤 35,549,234 35,549,234<br />
<br />
2012 年 12 月 31 日 結 餘 130,000,000 15,050,777 56,366,489 201,417,266<br />
<br />
柬 幣 ( 億 為 單 位 ) 519,350 60,128 225,184 804,662<br />
<br />
2011 年 1 月 1 日 結 餘 40,545,000 90,192,387 130,737,387<br />
發 行 股 本 19 69,455,000 69,455,000<br />
股 息 21 (69,455,000) (69,455,000)<br />
年 度 利 潤 23,234,909 23,234,909<br />
<br />
2011 年 12 月 31 日 結 餘 110,000,000 43,972,296 153,972,296<br />
<br />
柬 幣 ( 億 為 單 位 ) 444,290 177,604 621,894<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
50<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
STATEMENT OF CHANGES IN EQUITY<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
Paidup<br />
Retained<br />
capital Reserves earnings Total<br />
Notes US$ US$ US$ US$<br />
At1January2012 110,000,000 43,972,296 153,972,296<br />
Issueofsharecapital 19 20,000,000 20,000,000<br />
Transferredtoreserves 20 15,050,777 (15,050,777) <br />
Dividends 21 (8,104,264) (8,104,264)<br />
Profitfortheyear 35,549,234 35,549,234<br />
At31December2012 130,000,000 15,050,777 56,366,489 201,417,266<br />
MillionRielequivalent 519,350 60,128 225,184 804,662<br />
At1January2011 40,545,000 90,192,387 130,737,387<br />
Issueofsharecapital 19 69,455,000 69,455,000<br />
Dividends 21 (69,455,000) (69,455,000)<br />
Profitfortheyear 23,234,909 23,234,909<br />
At31December2011 110,000,000 43,972,296 153,972,296<br />
MillionRielequivalent 444,290 177,604 621,894<br />
<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 51
របាយការណ៍លំហូរសាច់ ក់<br />
ស ប់ដំណាច់ឆា ំ្ង ទី៣១ ធ្ន ឆា ំ<strong>២០១២</strong><br />
<br />
<br />
<br />
/( ) .. . (..) (.)<br />
.. . .. .<br />
(..) (.) (..) (.)<br />
(..) (.) (..) (.)<br />
/( )<br />
.. . (..) (.)<br />
<br />
<br />
<br />
(.) () (..) (.)<br />
(..) (.) (..) (.)<br />
(.) () (.) ()<br />
<br />
. . <br />
- - .. .<br />
<br />
(..) (.) (..) (.)<br />
<br />
<br />
<br />
.. . .. .<br />
<br />
- - .. .<br />
<br />
(..) (.) (.) (.)<br />
(..) (.) (..) (.)<br />
.. . .. .<br />
/()<br />
.. . (..) (.)<br />
.. .. .. ..<br />
- (.) - (.)<br />
.. .. .. ..<br />
កំណត់សមា ល់លភា ប់មកជាមួយ ពីទំព័រទី ៥៥ ដល់ទំព័រទី ១២០ គឺជា្ន ករបាយការណ៍ហិរ វត្ថ ះ។<br />
52<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
2012 年 12 月 31 日<br />
2012<br />
2011<br />
備 註 美 元 柬 幣 美 元 柬 幣<br />
( 億 為 單 位 ) ( 億 為 單 位 )<br />
營 業 活 動 現 金 流 量<br />
<br />
來 自 ( 所 用 ) 營 業 活 動 的 現 金 30 71,255,080 284,665 (89,470,625) (361,373)<br />
利 息 收 入 91,260,094 364,584 64,416,642 260,179<br />
利 息 支 出 (34,108,135) (136,262) (27,560,518) (111,317)<br />
所 得 稅 支 出 29 (6,290,420) (25,130) (4,022,650) (16,247)<br />
<br />
來 自 ( 所 用 ) 營 業 活 動 的 現 金 122,116,619 487,857 (56,637,151) (228,758)<br />
<br />
投 資 活 動 現 金 流 量<br />
<br />
增 購 物 業 和 設 備 9 (11,529,264) (46,059) (8,292,774) (33,495)<br />
增 購 電 腦 軟 体 10 (237,466) (949) (156,751) (633)<br />
收 入 來 自 于 出 售 物 業 和 設 備 108,730 434 45,704 185<br />
備 供 出 售 金 融 資 產 (3,236,436) (12,930) 7,000,000 28,273<br />
<br />
投 資 活 動 所 用 的 現 金 淨 額 (14,894,436) (59,504) (1,403,821) (5,670)<br />
<br />
融 資 運 作 現 金 流 量<br />
<br />
發 行 股 本 所 收 到 的 資 金 19 20,000,000 79,900 69,455,000 280,529<br />
借 款 收 入 7,474,607 30,190<br />
償 還 借 款 (1,361,804) (5,440) (717,197) (2,897)<br />
已 付 股 息 21 (8,104,264) (32,377) (69,455,000) (280,529)<br />
<br />
投 資 活 動 所 用 的 現 金 淨 額 10,533,932 42,083 6,757,410 27,293<br />
<br />
現 金 及 約 當 現 金 之 ( 減 少 ) 增 加 餘 額 117,756,115 470,436 (51,283,562) (207,135)<br />
現 金 及 約 當 現 金 年 初 額 338,029,013 1,365,300 389,312,575 1,577,884<br />
匯 率 變 動 差 額 (14,875) (5,449)<br />
<br />
<br />
現 金 及 約 當 現 金 年 終 額 31 455,785,128 1,820,861 338,029,013 1,365,300<br />
隨 附 備 註 第 55 至 120 頁 屬 於 財 務 報 表 的 組 成 部 分<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 53
STATEMENT OF CASH FLOWS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2012 2011<br />
Note US$ MillionRiel US$ MillionRiel<br />
<br />
Cashflowsfromoperatingactivities<br />
<br />
Cashfrom/(usedin)operations 30 68,303,788 272,872 (80,580,198) (325,465)<br />
Interestreceived 91,110,094 363,985 64,416,642 260,179<br />
Interestpaid (34,199,184) (136,626) (27,560,518) (111,317)<br />
Incometaxpaid 29 (6,289,596) (25,127) (4,022,650) (16,247)<br />
<br />
Netcashfrom/(usedin)operatingactivities 118,925,102 475,104 (47,746,724) (192,850)<br />
<br />
Cashflowsfrominvestingactivities<br />
<br />
Investmentinsubsidiary (158,400) (633) (8,941,600) (36,115)<br />
Purchasesofpropertyandequipment 9 (11,416,083) (45,607) (8,241,601) (33,288)<br />
Purchasesofintangibleassets 10 (237,466) (949) (156,751) (633)<br />
Proceedsfromdisposalsofpropertyand<br />
equipment 108,730 434 45,704 185<br />
Availableforsalefinancialinvestment 7,000,000 28,273<br />
<br />
Netcashusedininvesting<br />
activities (11,703,219) (46,755) (10,294,248) (41,578)<br />
<br />
Cashflowsfromfinancingactivities<br />
<br />
Proceedsfromissueofsharecapital 19 20,000,000 79,900 69,455,000 280,529<br />
Proceedsfromborrowings 7,474,607 30,190<br />
Repaymentsofborrowings (1,361,804) (5,440) (717,197) (2,897)<br />
Dividendspaid 21 (8,104,264) (32,377) (69,455,000) (280,529)<br />
<br />
Netcashfromfinancingactivities 10,533,932 42,083 6,757,410 27,293<br />
<br />
Netincrease/(decrease)incashandcash<br />
equivalents 117,755,815 470,432 (51,283,562) (207,135)<br />
Cashandcashequivalentsat<br />
<br />
beginningofyear<br />
338,029,013 1,365,300 389,312,575 1,577,884<br />
Currencytranslationdifferences (14,872) (5,449)<br />
<br />
<br />
Cashandcashequivalentsatendofyear 31 455,784,828 1,820,860 338,029,013 1,365,300<br />
<br />
The accompanying notes on pages 55 to 120 form an integral part of these financial statements.<br />
54<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
1. BACKGROUND INFORMATION<br />
<strong>Canadia</strong> <strong>Bank</strong> <strong>Plc</strong>. (“the <strong>Bank</strong>”) and its subsidiary<br />
(together referred to as “the Group”) were<br />
incorporated in the Kingdom of Cambodia.<br />
The <strong>Bank</strong> is a commercial bank operang<br />
in accordance with the Cambodian Law<br />
on Commercial Enterprises and under the<br />
supervision of the Naonal <strong>Bank</strong> of Cambodia<br />
(“NBC” or “the Central <strong>Bank</strong>”), pursuant to<br />
the Law on <strong>Bank</strong>ing and Financial Instuons<br />
of Cambodia and in accordance with <strong>Bank</strong>ing<br />
Licence No. 05 issued by the NBC, since 1991.<br />
The <strong>Bank</strong>’s licence was renewed on 18 October<br />
2006 for an indefinite period following the NBC’s<br />
Prakas No. B7-06-207, dated 13 September<br />
2006.<br />
<strong>Canadia</strong> Investment Holding <strong>Plc</strong>. (“CIHP”), a<br />
public limited company incorporated in the<br />
Kingdom of Cambodia, is the ulmate holding<br />
company of the <strong>Bank</strong>.<br />
The principal acvies of the <strong>Bank</strong> consist of<br />
the operaon of core banking business and the<br />
provision of related financial services through<br />
the <strong>Bank</strong>’s head office and various branches in<br />
Phnom Penh and in the provinces.<br />
The registered office of the <strong>Bank</strong> is currently<br />
located at No. 315, Ang Duong Street, Corner<br />
Monivong Boulevard, Phnom Penh, Kingdom of<br />
Cambodia. The <strong>Bank</strong> has a total of 42 branches<br />
located in Phnom Penh and major provinces in<br />
Cambodia.<br />
As at 31 December 2012, the Group and the<br />
<strong>Bank</strong> has a total of 1,391 and 1,369 employees,<br />
respecvely (2011: Group: 1,202 and <strong>Bank</strong>:<br />
1,193 employees).<br />
The financial statements were authorised and<br />
approved for issue by the Board of Directors on<br />
26 March 2013.<br />
2. SUMMARY OF SIGNIFICANT ACCOUNTING<br />
POLICIES<br />
The significant accounng policies adopted<br />
in the preparaon of the financial statements<br />
are set out below. These policies have been<br />
consistently applied to all the years presented,<br />
unless otherwise stated.<br />
2.1 Basis of preparaon<br />
The financial statements have been prepared<br />
in accordance with the guidelines issued by the<br />
Naonal <strong>Bank</strong> of Cambodia and Cambodian<br />
Accounng Standards (“CAS”). In applying CAS,<br />
the Group and the <strong>Bank</strong> also apply the Cambodian<br />
Internaonal Financial Reporng Standard<br />
(“CIFRS”) 7: Financial Instruments: Disclosures.<br />
The accounng principles applied may differ<br />
from generally accepted accounng principles<br />
adopted in other countries and jurisdicons.<br />
The accompanying financial statements are<br />
therefore not intended to present the financial<br />
posion and results of operaons and cash<br />
flows in accordance with jurisdicons other<br />
than Cambodia. Consequently, these financial<br />
statements are addressed only to those who<br />
are informed about Cambodia’s accounng<br />
principles, procedures and pracces.<br />
The consolidated and separate financial<br />
statements are prepared based on the historical<br />
cost convenon, as modified by revaluaon of<br />
available-for-sale financial assets.<br />
The preparaon of financial statements in<br />
accordance with the guidelines issued by the<br />
Naonal <strong>Bank</strong> of Cambodia and CAS requires the<br />
use of esmates and assumpons that affect the<br />
reported amounts of assets and liabilies and<br />
disclosure of conngent assets and liabilies at<br />
the date of financial statements and the reported<br />
amounts of revenues and expenses during the<br />
reporng period. Although these esmates<br />
are based on management’s best knowledge<br />
of current events and acons, actual results<br />
may ulmately differ from those esmates.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 55
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
The areas involving a higher degree of<br />
judgement or complexity, or areas where<br />
assumpons and esmates are significant to<br />
the financial statements are disclosed in Note 3<br />
to the financial statements.<br />
2.2 New financial reporng framework<br />
On 28 August 2009, the Naonal Accounng<br />
Council of the Ministry of Economy and<br />
Finance announced the adopon of<br />
Cambodian Internaonal Financial Reporng<br />
Standards (“CIFRS”) which are based on<br />
all standards published by Internaonal<br />
Accounng Standard Board (“IASB”) including<br />
other interpretaons and amendments<br />
to each standard that might arise in<br />
certain circumstances, by adding the word<br />
“Cambodian”. Publicly accountable enes<br />
shall prepare their financial statements in<br />
accordance with CIFRS for accounng periods<br />
beginning on or aer 1 January 2012.<br />
The Naonal Accounng Council of the<br />
Ministry of Economy and Finance, through<br />
Circular No. 086 MoEF.NAC, dated 30 July<br />
2012, has approved banks and financial<br />
instuons’ delaying the adopon of CIFRS<br />
unl periods beginning on or aer 1 January<br />
2016.<br />
The first financial statement of the <strong>Bank</strong> that<br />
will be prepared under CIFRS is for the year<br />
ending 31 December 2016. CAS, the current<br />
accounng standard used, is different from<br />
CIFRS in many areas. Hence, the adopon<br />
of CIFRS will have significant impact on the<br />
financial statements of the <strong>Bank</strong>.<br />
2.3 Basis of consolidaon<br />
The consolidated financial statements include<br />
the financial statements of the <strong>Bank</strong> and its<br />
subsidiary made up to the end of the financial<br />
year. A subsidiary is a company in which the<br />
Group has power to exercise control over<br />
the financial and operang policies of the<br />
enterprise so as to obtain benefits from its<br />
acvies.<br />
The subsidiary is consolidated using the<br />
acquision method of accounng. Under the<br />
acquision method of accounng, the results<br />
of the subsidiary acquired or disposed of<br />
during the year are included from the date of<br />
acquision and up to the date of disposal. At<br />
the date of acquision, the fair values of the<br />
subsidiary’s net assets are determined and<br />
these values are reflected in the consolidated<br />
financial statements.<br />
Intercompany transacons, balances and<br />
unrealised gain or loss arising from intercompany<br />
transacons are eliminated and<br />
the consolidated financial statements reflect<br />
external transacons only. Losses resulng<br />
from intra-group transacons, which indicate<br />
an impairment loss, will be recognised<br />
in the consolidated financial statements.<br />
Consolidated financial statements are<br />
prepared using uniform accounng policies<br />
for like transacons and other events in similar<br />
circumstances. The gain or loss on disposal of<br />
a subsidiary, which is the difference between<br />
net disposal proceeds and the Group’s share<br />
of its net assets as of the date of disposal,<br />
is recognised in the consolidated income<br />
statement.<br />
2.4 Investment in subsidiary<br />
Investment in subsidiary, which is eliminated<br />
on consolidaon, is stated at cost less<br />
accumulated impairment loss. On disposal<br />
of such investment, the difference between<br />
the net disposal proceeds and its carrying<br />
amounts is recognised as the gain or loss on<br />
disposal in the income statement of the <strong>Bank</strong>.<br />
56<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2.5 Foreign currencies<br />
(i) Funconal and presentaon currency<br />
Items included in the financial statements of<br />
the <strong>Bank</strong> are measured using the currency of<br />
the primary economic environment in which<br />
the <strong>Bank</strong> operates (‘the funconal currency’).<br />
The financial statements are presented in<br />
United States dollars (“US$”), which is the<br />
<strong>Bank</strong>’s funconal and presentaon currency.<br />
For the sole regulatory purpose of complying<br />
with Prakas No. B7-07-164 dated 13 December<br />
2007 of the NBC, a translaon into Khmer Riel<br />
is provided for the balance sheets, income<br />
statements, statements of changes in equity,<br />
cash flow statements and notes to the financial<br />
statements as at and for the year ended 31<br />
December 2012 using the average official<br />
exchange rate regulated by the NBC as at the<br />
reporng date, which was US$1 equal to Khmer<br />
Riel (“KHR”) 3,995 (31 December 2011: US$1<br />
equal to KHR 4,039). Such translated amounts<br />
are unaudited and should not be construed<br />
as representaons that the US$ amounts<br />
represent, or have been or could be, converted<br />
into Khmer Riel at that or any other rate.<br />
(ii) Transacons and balances<br />
Transacons in currencies other than US$<br />
are translated into US$ at the exchange rates<br />
prevailing at the transacon dates. Foreign<br />
exchange gains and losses resulng from the<br />
selement of such transacons and from the<br />
translaon of monetary assets and liabilies<br />
denominated in currencies other than US$ at<br />
the year-end exchange rates, are recognised in<br />
the income statement.<br />
2.6 Cash and cash equivalents<br />
For the purposes of the cash flow statement,<br />
cash and cash equivalents comprise balances<br />
with original maturity of three months or less<br />
from the date of acquision, including cash on<br />
hand, the non-restricted balance with the NBC<br />
and balances with other banks.<br />
2.7 Loans and advances<br />
All loans and advances are stated in the<br />
balance sheet at outstanding principal, net of<br />
unamorsed loan commitment fees less any<br />
amounts wrien off and allowance for losses<br />
on loans and advances.<br />
Loans are wrien-off when there is no realisc<br />
prospect of recovery. Recoveries of loans and<br />
advances previously wrien-off, or provided<br />
for, decrease the amount of the provision for<br />
loan losses in the income statement.<br />
Loans and advances classified as substandard,<br />
doubul or loss are considered to be nonperforming<br />
loans.<br />
2.8 Allowance for losses on loans and advances<br />
Allowance for losses on loans and advances is<br />
made with regard to specific risks and relate<br />
to those loans and advances that have been<br />
individually reviewed and specifically idenfied<br />
as special menon, sub-standard, doubul<br />
or loss. In addion, a general provision is also<br />
maintained for loans classified as normal.<br />
The <strong>Bank</strong> follows the mandatory credit<br />
classificaon and provisioning as required<br />
by Prakas B7-09-074, dated 25 February<br />
2009, issued by the NBC. The Prakas requires<br />
commercial banks to classify their loans,<br />
advances and similar assets into five classes<br />
and the minimum mandatory level of specific<br />
provisioning is provided, depending on the<br />
classificaon concerned and regardless of the<br />
assets pledged as collateral as follows:<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 57
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
Classificaon<br />
Rate of<br />
Provision (%)<br />
General provision:<br />
Normal 1<br />
Specific provision:<br />
Special meno n 3<br />
Sub-standard 20<br />
Doubul 50<br />
Loss 100<br />
2.9 Other credit-related commitments<br />
In the normal course of business, the Group<br />
and the <strong>Bank</strong> enter into other credit-related<br />
commitments including loan commitments,<br />
leers of credit and guarantees. The accounng<br />
policy and provision methodology are similar<br />
to those for originated loans as noted above.<br />
Specific provisions are raised against other<br />
credit-related commitments when losses are<br />
considered probable.<br />
2.10 Available-for-sale financial assets<br />
Available-for-sale financial assets are nonderivaves<br />
that are either designated in this<br />
category or not classified in any of the other<br />
categories. They are included in non-current<br />
assets unless the investment matures or<br />
management intends to dispose of it within 12<br />
months of the end of the reporng period.<br />
Available-for-sale financial assets are subsequently<br />
carried at fair value. Gains and losses<br />
arising from changes in the fair value of<br />
available-for-sale financial assets are recognised<br />
in the income statement, unl the financial<br />
asset is derecognised or impaired. At this<br />
me, the cumulave gains or losses previously<br />
recognised in the equity are recognised in the<br />
income statement.<br />
2.11 Property and equipment<br />
Property and equipment are stated at cost less<br />
accumulated depreciaon, except freehold<br />
land and assets under construcon, which<br />
are not depreciated. Historical cost includes<br />
expenditure that is directly aributable to the<br />
acquision of the asset items.<br />
Subsequent costs are included in the asset’s<br />
carrying amount or recognised as a separate<br />
asset, as appropriate, only when it is probable<br />
that the future economic benefits associated<br />
with the item will flow to the Group and the<br />
<strong>Bank</strong> and the cost of the item can be measured<br />
reliably. All other repairs and maintenance are<br />
charged to the income statement during the<br />
year in which they are incurred.<br />
Capital work-in-progress is not depreciated.<br />
Depreciaon of property and equipment assets<br />
is calculated using the following methods and<br />
rates:<br />
Buildings – straight-line 5%<br />
Vehicles – declining 25%<br />
Office equipment – declining 25%<br />
Furniture and fixtures – declining 25%<br />
Computers and IT equipment – declining 50%<br />
An asset’s carrying amount is wrien-down<br />
immediately to its recoverable amount if the<br />
asset’s carrying amount is greater than its<br />
esmated recoverable amount.<br />
Gains and losses on disposals recognised in the<br />
income statement are determined by comparing<br />
the proceeds and the carrying amount of the<br />
disposed property and equipment.<br />
2.12 Intangible assets<br />
Intangible assets, which comprise acquired<br />
computer soware licences and related cost,<br />
are stated at cost less accumulated amorsaon<br />
and impairment loss. Acquired computer<br />
soware is capitalised on the basis of the costs<br />
incurred to acquire the specific soware and<br />
bring it to use. These costs are amorsed at the<br />
rate of 50% using the declining balance method.<br />
Costs associated with maintaining computer<br />
soware programs are recognised as expense<br />
when incurred.<br />
58<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2.13 Impairment of non-financial assets<br />
Assets that have an indefinite useful life are not<br />
subject to amorsaon and are tested annually<br />
for impairment. Assets that are subject to<br />
amorsaon or depreciaon are reviewed<br />
for impairment whenever events or changes<br />
in circumstances indicate that the carrying<br />
amount may not be recoverable. Impairment<br />
loss is recognised for the amount by which the<br />
asset’s carrying amount exceeds its recoverable<br />
amount. The recoverable amount is the higher<br />
of an asset’s fair value less costs to sell and its<br />
value in use.<br />
Any impairment loss is charged to the income<br />
statement in the year in which it arises. Reversal<br />
of an impairment loss is recognised in the<br />
income statement to the extent that the asset’s<br />
carrying amount does not exceed the carrying<br />
amount that would have been determined,<br />
net of depreciaon and amorsaon, had no<br />
impairment loss been recognised.<br />
2.14 Subordinated debt<br />
Subordinated debt is recognised inially at cost<br />
and subsequently stated at the outstanding<br />
principal amount.<br />
2.15 Provision for staff gratude<br />
The <strong>Bank</strong> provides its employees with<br />
rerement and resignaon benefits. At the<br />
age of rerement, the rered employee will be<br />
given compensaon based on the number of full<br />
year’s service rendered mulplied by the final<br />
month’s salary. An employee who has worked<br />
for the <strong>Bank</strong> for two years or more is entled<br />
upon resignaon to a lump sum payment<br />
represenng the employee’s final month’s<br />
salary mulplied by the number of full years’<br />
service rendered. The payment of employment<br />
benefits is subject to the discreon of the<br />
<strong>Bank</strong>’s management.<br />
The Group and the <strong>Bank</strong> recognise the provision<br />
for the employment benefits in the financial<br />
statements, which is calculated for employees<br />
who are entled to receive this benefit.<br />
2.16 Interest income and expense<br />
Interest earned on loans and advances,<br />
balances with the NBC and other banks are<br />
recognised on an accrual basis, except where<br />
serious doubt exists as to the collectability of<br />
loans and advances, in which case no interest<br />
income is recognised. The policy on the<br />
suspension of interest is in conformity with the<br />
NBC’s guidelines on the suspension of interest<br />
on non-performing loans and provision for loan<br />
losses.<br />
Interest expense on deposits from banks,<br />
customers, borrowings and subordinated debt<br />
are recognised on an accrual basis.<br />
2.17 Fee and commission income<br />
Fee and commission income is recognised<br />
on an accrual basis when the service has<br />
been provided. Fee and commission income<br />
comprises income received from inward and<br />
outward bank transfers, loan processing, bank<br />
guarantees, leers of credit, ATM/Visa and<br />
MasterCard charges. Loan commitment fees<br />
are deferred and recognised to other income<br />
in the income statement over the loan term<br />
period. Unamorsed loan commitment fees<br />
are presented as a deducon from loans and<br />
advances.<br />
2.18 Operang leases<br />
Leases in which a significant poron of the<br />
risks and rewards of ownership are retained<br />
by the lessor are classified as operang leases.<br />
Payments made under operang leases are<br />
charged to the income statement on a straightline<br />
basis over the period of the lease.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 59
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
2.19 Provisions<br />
Provisions are recognised when the Group or<br />
the <strong>Bank</strong> has a present legal or construcve<br />
obligaon as a result of past events, when it<br />
is probable that an oulow of resources will<br />
be required to sele the obligaon and the<br />
amount can be reliably esmated.<br />
When there are a number of similar obligaons,<br />
the likelihood that an oulow will be required<br />
in selement is determined by considering the<br />
class of obligaons as a whole.<br />
Provisions are measured at the present value<br />
of the expenditures expected to be required<br />
to sele the obligaon using a pre-tax discount<br />
rate that reflects current market assessments of<br />
the me value of money and the risks specific<br />
to the obligaon. The increase in the provision<br />
due to the passage of me is recognised as<br />
interest expense.<br />
2.20 Current and deferred income tax<br />
Current income tax<br />
Current income tax assets and liabilies for the<br />
current and prior periods are measured at the<br />
amounts expected to be recovered from or paid<br />
to the taxaon authories. The tax rates and<br />
tax laws used to compute the amount are those<br />
that are enacted at the balance sheet date.<br />
Deferred income tax<br />
Deferred income tax is provided using the<br />
balance sheet liability method on temporary<br />
differences at the balance sheet date between<br />
the tax base of assets and liabilies and<br />
their carrying amount for financial reporng<br />
purposes.<br />
Deferred income tax liabilies are recognised<br />
for all taxable temporary differences, except<br />
where the deferred income tax liability arises<br />
from the inial recognion of an asset or<br />
liability in a transacon that at the me of the<br />
transacon affects neither the accounng profit<br />
nor taxable profit or loss.<br />
Deferred income tax assets are recognised for<br />
all deducble temporary differences to the<br />
extent that it is probable that future taxable<br />
profits will be available against which these<br />
differences can be ulised, except where the<br />
deferred tax arises from the inial recognion<br />
of an asset or liability in a transacon which at<br />
the me of the transacon affects neither the<br />
accounng profit nor taxable profit or loss.<br />
The carrying amount of deferred income tax<br />
assets is reviewed at each balance sheet date<br />
and reduced to the extent that it is no longer<br />
probable that sufficient taxable profits will be<br />
available to allow all or part of the assets to be<br />
recovered. Unrecognised deferred income tax<br />
assets are re-assessed at each balance sheet<br />
date and are recognised to the extent that it has<br />
become probable that future taxable profit will<br />
allow the deferred tax assets to be recovered.<br />
2.21 Fiduciary assets<br />
Assets held in trust or in a fiduciary capacity are<br />
not reported in the financial statements since<br />
they are not the assets of the Group or the<br />
<strong>Bank</strong>.<br />
2.22 Rounding of amounts<br />
Amounts in the financial statements have<br />
been rounded off to the nearest dollar and<br />
nearest million Riel for US$ and Riel amounts,<br />
respecvely.<br />
3. CRITICAL ACCOUNTING ESTIMATES,<br />
ASSUMPTIONS AND JUDGEMENTS<br />
The Group and the <strong>Bank</strong> make esmates,<br />
assumpons and judgements that affect the<br />
reported amounts of assets and liabilies.<br />
Esmates, assumpons and judgements are<br />
connually evaluated and are based on historical<br />
60<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
experience and other factors, including<br />
expectaons of future events that are believed<br />
to be reasonable under the circumstances.<br />
(a) Impairment losses on loans and advances<br />
The Group and the <strong>Bank</strong> follow the mandatory<br />
credit classificaon and provisioning as required<br />
by Prakas No. B7-09-074, dated 25 February<br />
2009, on asset classificaon and provisioning in<br />
banking and financial instuons, issued by the<br />
NBC. The NBC requires commercial banks to<br />
classify their loans, advances and similar assets<br />
into five classes and the minimum mandatory<br />
level of provisioning is provided, depending<br />
on the classificaon concerned and regardless<br />
of the assets pledged as collateral. For the<br />
purposes of loan classificaon, the Group and<br />
the <strong>Bank</strong> take into account all relevant factors<br />
that may affect the counterpares’ repayment<br />
abilies.<br />
(b) Income tax<br />
Taxes are calculated on the basis of the current<br />
interpretaon of the tax regulaons. However,<br />
these regulaons are subject to periodic<br />
variaon and the ulmate determinaon of tax<br />
expenses will be made following inspecon by<br />
the General Department of Taxaon.<br />
Where the final tax outcome of these maers<br />
is different from the amounts that were inially<br />
recorded, such differences will have an impact<br />
on the provision for income tax and deferred<br />
tax in the year in which such determinaon is<br />
made.<br />
(c) Fair value of securies not quoted in an<br />
acve market<br />
The fair value of such securies not quoted in<br />
an acve market may be determined by the<br />
Group using reputable pricing sources. Quotes<br />
as obtained from the pricing sources may be<br />
indicave and not executable or binding. The<br />
Group would exercise judgement and esmates<br />
on the quanty and quality of price sources<br />
used.<br />
The fair value of debt securies classified<br />
as available-for-sale financial assets as at 31<br />
December 2012 was based on the redempon<br />
offer leer issued by the issuer of the bonds<br />
that the Company acquired and held.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 61
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
4. BALANCES WITH THE NBC<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
Million<br />
Million<br />
Million<br />
Million<br />
<br />
US$ Riel<br />
US$ Riel<br />
US$ Riel<br />
US$ Riel<br />
<br />
<br />
Currentaccounts 91,671,917 366,229 27,172,700 109,751 91,671,917 366,229 27,172,700 109,751<br />
Termdeposits 162,000,000 647,190 144,000,000 581,616 162,000,000 647,190 144,000,000 581,616<br />
Capitalguaranteedeposits(i) 14,001,252 55,935 11,986,923 48,415 13,000,000 51,935 11,000,000 44,429<br />
Reservedeposits(ii) 144,443,695 577,053 115,109,222 464,926 144,443,695 577,053 115,109,222 464,926<br />
<br />
<br />
412,116,8641,646,407 298,268,845 1,204,708 411,115,612 1,642,407 297,281,922 1,200,722<br />
(i) Capital guarantee deposits<br />
Under the NBCPrakas No. B7-01-136, dated 15<br />
October 2001, banks are required to maintain<br />
a capital guarantee deposit of 10% of paid-up<br />
capital. This deposit is refundable should the<br />
<strong>Bank</strong> voluntarily cease its operaons in<br />
Cambodia and it is not available for use in the<br />
<strong>Bank</strong>’s day-to-day operaons.<br />
In compliance with the SECC’sPrakas No. 009<br />
on the licensing of securies firms and<br />
securies representaves, the Subsidiary is<br />
required to place a statutory deposit into<br />
SECC’s bank account maintained with the NBC<br />
amounng to Riel 4 billion for operang as a<br />
securies underwriter in Cambodia.<br />
(ii) Reserve deposits<br />
Reserve deposits represent the minimum<br />
reserve requirement calculated at 8% (2011:<br />
8%) for Riel and 12.5% (2011: 12%) for other<br />
currencies of the total amount of deposits<br />
from customers and borrowings.<br />
(iii) Interest rates<br />
Current accounts and reserve deposits do not<br />
earn interest. Annual interest rates on other<br />
balances with the NBC are as follows:<br />
Term deposits<br />
Capital guarantee<br />
deposits<br />
2012<br />
0.10%- 0.14%<br />
0.18%- 0.20%<br />
2011<br />
0.09%- 0.14%<br />
0.10%- 0.11%<br />
62<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
5. BALANCES WITH OTHER BANKS<br />
Group and <strong>Bank</strong><br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Localbanks:<br />
<br />
Currentaccounts 10,345,754 41,331 2,613,623 10,556<br />
Savingsaccounts 44,922 179 43,238 175<br />
Termdeposits 8,359,174 33,395 12,162,055 49,123<br />
<br />
Overseasbanks:<br />
<br />
Currentaccounts(i) 98,614,123 393,964 71,974,910 290,707<br />
Termdeposits 11,094,533 44,323 10,677,939 43,128<br />
<br />
128,458,506 513,192 97,471,765 393,689<br />
<br />
(i) Securityrequirements:<br />
<br />
TheGroupandthe<strong>Bank</strong>havepledgedpartoftheirbalanceswithotherbanksassecuritywithdetailsasfollows:<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
VisaCardoperations 431,436 1,724 431,392 1,742<br />
MasterCardoperations 487,879 1,949 479,949 1,939<br />
Borrowedfundsofthefirstfacility(Note15) 16,830,000 67,236 17,000,000 68,663<br />
<br />
17,749,315 70,909 17,911,341 72,344<br />
<br />
(ii) Annualinterestrates:<br />
<br />
2012 2011<br />
Currentaccounts Nil1.15% Nil 1.15%<br />
Savingsaccounts 1% Nil<br />
Termdeposits 2.00%5.00% 2.00% 6.50%<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 63
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
6. LOANS AND ADVANCES<br />
Group and <strong>Bank</strong><br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Commercialloans:<br />
<br />
Shorttermloans 514,847,632 2,056,816 403,391,733 1,629,299<br />
Overdrafts 120,235,206 480,340 134,512,018 543,294<br />
Longtermloans 184,652,397 737,686 136,822,182 552,625<br />
Microfinanceloans 220,369 881 298,411 1,206<br />
819,955,604 3,275,723 675,024,344 2,726,424<br />
Consumerloans:<br />
<br />
Mortgageloans 57,837,899 231,062 74,314,243 300,155<br />
Creditcards 1,216,645 4,860 1,207,333 4,876<br />
Leasing 1,497,802 5,984 1,669,938 6,745<br />
60,552,346 241,906 77,191,514 311,776<br />
<br />
Totalgrossloans 880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
Allowanceforlossesonloansand<br />
advances (31,697,739) (126,632) (27,293,209) (110,237)<br />
Unamortisedloancommitmentfees (3,390,887) (13,547) (3,410,371) (13,774)<br />
<br />
845,419,324 3,377,450 721,512,278 2,914,189<br />
<br />
64<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
6. LOANS AND ADVANCES (connued)<br />
(a) Allowance for losses on loans advances<br />
Movements in the allowance for losses on loans and advances follow:<br />
<br />
Specific<br />
provision<br />
General<br />
provision<br />
Total<br />
US$ US$ US$<br />
<br />
Balanceat1January2012 20,573,539 6,719,670 27,293,209<br />
Chargesfortheyear 15,263,973 2,527,342 17,791,315<br />
Recoveriesduringtheyear (12,444,132) (943,832) (13,387,964)<br />
Writtenoff (440) (440)<br />
Exchangedifferences 1,619 1,619<br />
<br />
Balanceat31December2012 23,394,559 8,303,180 31,697,739<br />
<br />
MillionRielequivalent 93,461 33,171 126,632<br />
<br />
<br />
Balanceat1January2011 19,627,790 4,609,738 24,237,528<br />
Chargesfortheyear 9,822,742 2,142,191 11,964,933<br />
Recoveriesduringtheyear (8,871,713) (32,259) (8,903,972)<br />
Writtenoff (5,784) (5,784)<br />
Exchangedifferences 504 504<br />
<br />
Balanceat31December2011 20,573,539 6,719,670 27,293,209<br />
<br />
MillionRielequivalent 83,096 27,141 110,237<br />
<br />
(b) By industry<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Financialinstitutions 2,752,253 10,995 3,672,934 14,835<br />
Service 162,042,463 647,360 192,131,405 776,019<br />
Mortgage 63,055,972 251,909 71,294,204 287,957<br />
Buildingandconstruction 152,969,507 611,113 63,298,278 255,662<br />
Wholesaleandretail 166,336,140 664,513 150,105,261 606,275<br />
Importandexport 161,302,009 644,402 94,472,491 381,574<br />
Agriculture 95,943,936 383,296 65,129,746 263,059<br />
Others 76,105,670 304,041 112,111,539 452,819<br />
<br />
<br />
880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 65
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
6. LOANS AND ADVANCES (connued)<br />
(a) By loan classificaon<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Normal:<br />
<br />
Secured 829,877,483 3,315,361 672,717,376 2,717,105<br />
Unsecured 440,599 1,760 414,818 1,676<br />
Specialmention:<br />
<br />
Secured 603,870 2,412 38,892,532 157,087<br />
<br />
Substandard:<br />
<br />
Secured 28,659,595 114,495 23,701,695 95,731<br />
Unsecured 3,521 14<br />
Doubtful:<br />
<br />
Secured 6,563,758 26,222 3,625,202 14,642<br />
Unsecured 38,554 156<br />
Loss:<br />
<br />
Secured 13,804,483 55,149 12,720,909 51,380<br />
Unsecured 558,162 2,230 101,251 409<br />
<br />
880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
<br />
(d)<br />
<br />
By maturity<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Notlaterthan1year 686,620,809 2,743,050 560,948,230 2,265,670<br />
Laterthan1yearandnolater<br />
than3years 54,273,655 216,823 76,393,108 308,552<br />
Laterthan3yearsandnolater<br />
than5years 60,111,150 240,144 80,330,079 324,453<br />
Laterthan5years 79,502,336 317,612 34,544,441 139,525<br />
<br />
<br />
880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
66<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
6. LOANS AND ADVANCES (connued)<br />
(e) By large exposure<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Largeexposure 145,243,693 580,249 112,920,016 456,084<br />
Nonlargeexposure 735,264,257 2,937,380 639,295,842 2,582,116<br />
<br />
<br />
880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
<br />
The large exposure is defined by the NBC as the overall credit exposure to any individual beneficiary<br />
which exceed 10% of the <strong>Bank</strong>’s net worth.<br />
<br />
(f)<br />
By related pares<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Relatedparties 239,140 955 248,481 1,004<br />
Nonrelatedparties 880,268,810 3,516,674 751,967,377 3,037,196<br />
<br />
<br />
880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
(g) Interest rates<br />
<br />
<br />
Annual interest rates during the year are as follows:<br />
<br />
2012 2011<br />
Creditcards 18.00% 21.96% 18.00% 21.96%<br />
Microfinanceloans 12.00% 21.60% 12.00% 21.60%<br />
Longtermloans 5.00% 18.00% 5.00% 18.00%<br />
Leasing 8.04% 14.40% 8.04% 14.40%<br />
Shorttermloans 6.00% 21.60% 6.00% 21.60%<br />
Overdrafts 6.00% 18.00% 6.00% 18.00%<br />
Mortgageloans 7.00% 12.00% 7.00% 12.00%<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 67
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
7. AVAILABLE-FOR-SALE FINANCIAL ASSETS<br />
Group<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
At1January <br />
Additions 3,236,436 12,930 <br />
Disposals <br />
Netlossestransferfromequity (33,179) (133) <br />
Netgainstransfertoequity 73,971 296 <br />
<br />
<br />
At31December 3,277,228 13,093 <br />
<br />
<br />
Lessnoncurrentportion 3,000,000 11,985 <br />
<br />
<br />
Currentportion 277,228 1,108 <br />
<br />
Availableforsalefinancialassetsincludethefollowing:<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Listedsecurities:<br />
<br />
Equitysecurities 277,228 1,108 <br />
Unlistedsecurities:<br />
<br />
Debtsecurities 3,000,000 11,985 <br />
<br />
<br />
At31December 3,277,228 13,093 <br />
<br />
<br />
The fair value of equity securies is based on<br />
quoted market prices at the reporng date.<br />
The fair value of debt securies not quoted in any<br />
acve market is based on the redemponoffer<br />
leer issued by the issuer of the bonds the<br />
company acquired and held.<br />
The debt securies are fixed interest bonds<br />
issued by a private company and have<br />
maturityunl 2014. The fixed interest bonds<br />
bear annual interest at rate of 5% per annum.<br />
(2011: Nil).<br />
None of these financial assets is either past due<br />
or impaired.<br />
8. INVESTMENT IN SUBSIDIARY<br />
In February 2010, Cana Securies Ltd. was<br />
incorporated as a wholly-owned subsidiary of<br />
the <strong>Bank</strong>. The Subsidiary received its securies<br />
underwring licence from the Securies<br />
Exchange Commission of Cambodia on 20<br />
October 2010. The principal acvies of the<br />
Subsidiary are to provide securies-related<br />
services; these include, but are not limited to,<br />
securies underwring, dealing, brokerage and<br />
investment-related services.<br />
68<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
9. PROPERTY AND EQUIPMENT<br />
<br />
Group<br />
2012<br />
Freeholdland Buildings<br />
Construction<br />
inprogress<br />
Furniture<br />
andfixtures <br />
Office<br />
equipment<br />
Computer<br />
andIT<br />
equipment Vehicles Total<br />
US$ US$ US$ US$ US$ US$ US$ US$<br />
<br />
Cost <br />
At1January2012 5,035,890 27,578,870 583,252 5,163,609 5,649,782 3,761,955 3,295,147 51,068,505<br />
Additions 1,805,397 6,890,131 5,091 380,621 497,214 881,540 1,069,270 11,529,264<br />
Transfers 277,396 (383,936) 69,995 36,820 (275) <br />
Disposals (12,687) (68,403) (236,954) (255,792) (231,284) (805,120)<br />
<br />
At31December2012 6,841,287 34,746,397 191,720 5,545,822 5,946,862 4,387,428 4,133,133 61,792,649<br />
<br />
Accumulateddepreciation <br />
At1January2012 4,125,401 2,179,874 2,791,779 2,995,606 1,665,415 13,758,075<br />
Depreciation 1,516,115 766,400 747,269 604,386 513,883 4,148,053<br />
Transfers (4,708) 4,708 <br />
Disposals (59,656) (224,820) (251,968) (181,294) (717,738)<br />
<br />
At31December2012 5,641,516 2,881,910 3,318,936 3,348,024 1,998,004 17,188,390<br />
<br />
Netbookvalue 6,841,287 29,104,881 191,720 2,663,912 2,627,926 1,039,404 2,135,129 44,604,259<br />
<br />
MillionRielequivalent 27,331 116,274 766 10,642 10,499 4,152 8,531 178,195<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 69
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
9. PROPERTY AND EQUIPMENT (connued)<br />
<br />
Group<br />
2011<br />
Freeholdland Buildings<br />
Construction<br />
inprogress<br />
Furniture<br />
andfixtures <br />
Office<br />
equipment<br />
Computer<br />
andIT<br />
equipment Vehicles Total<br />
US$ US$ US$ US$ US$ US$ US$ US$<br />
<br />
Cost <br />
At1January2011 4,508,490 21,377,643 1,213,293 4,726,076 5,237,566 3,282,448 2,582,644 42,928,160<br />
Additions 527,400 5,242,469 613,197 154,574 419,485 480,158 855,491 8,292,774<br />
Transfers 958,758 (1,243,238) 284,480 <br />
Disposals (1,521) (7,269) (651) (142,988) (152,429)<br />
<br />
At31December2011 5,035,890 27,578,870 583,252 5,163,609 5,649,782 3,761,955 3,295,147 51,068,505<br />
<br />
Accumulateddepreciation <br />
At1January2011 2,935,006 1,289,082 1,925,107 2,488,886 1,383,047 10,021,128<br />
Depreciation 1,190,395 891,410 870,202 506,883 387,724 3,846,614<br />
Transfers (127) 127 355 31 386<br />
Disposals (491) (3,657) (518) (105,387) (110,053)<br />
<br />
At31December2011 4,125,401 2,179,874 2,791,779 2,995,606 1,665,415 13,758,075<br />
<br />
Netbookvalue 5,035,890 23,453,469 583,252 2,983,735 2,858,003 766,349 1,629,732 37,310,430<br />
<br />
MillionRielequivalent 20,340 94,729 2,356 12,051 11,543 3,095 6,582 150,696<br />
70<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
9. PROPERTY AND EQUIPMENT (connued)<br />
<br />
<strong>Bank</strong><br />
2012<br />
Freeholdland Buildings<br />
Construction<br />
inprogress<br />
Furniture<br />
andfixtures <br />
Office<br />
equipment<br />
Computer<br />
andIT<br />
equipment Vehicles Total<br />
US$ US$ US$ US$ US$ US$ US$ US$<br />
<br />
Cost <br />
At1January2012 5,035,890 27,578,870 583,252 5,144,106 5,649,782 3,730,285 3,295,147 51,017,332<br />
Additions 1,805,397 6,890,131 5,091 364,909 497,214 836,571 1,016,770 11,416,083<br />
Transfers 277,396 (383,936) 69,995 36,820 (275) <br />
Disposals (12,687) (68,403) (236,954) (255,701) (231,284) (805,029)<br />
<br />
At31December2012 6,841,287 34,746,397 191,720 5,510,607 5,946,862 4,310,880 4,080,633 61,628,386<br />
<br />
Accumulateddepreciation <br />
At1January2012 4,125,401 2,179,373 2,791,779 2,990,927 1,665,415 13,752,895<br />
Depreciation 1,516,115 757,721 747,269 568,439 500,758 4,090,302<br />
Transfers (4,708) 4,708 <br />
Disposals (59,656) (224,820) (251,968) (181,294) (717,738)<br />
<br />
At31December2012 5,641,516 2,872,730 3,318,936 3,307,398 1,984,879 17,125,459<br />
<br />
Netbookvalue 6,841,287 29,104,881 191,720 2,637,877 2,627,926 1,003,482 2,095,754 44,502,927<br />
<br />
MillionRielequivalent 27,331 116,274 766 10,538 10,499 4,009 8,373 177,790<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 71
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
9. PROPERTY AND EQUIPMENT (connued)<br />
<br />
<strong>Bank</strong><br />
2011<br />
Freeholdland Buildings<br />
Construction<br />
inprogress<br />
Furniture<br />
andfixtures <br />
Office<br />
equipment<br />
Computer<br />
andIT<br />
equipment Vehicles Total<br />
US$ US$ US$ US$ US$ US$ US$ US$<br />
<br />
Cost <br />
At1January2011 4,508,490 21,377,643 1,213,293 4,726,076 5,237,566 3,282,448 2,582,644 42,928,160<br />
Additions 527,400 5,242,469 613,197 135,071 419,485 448,488 855,491 8,241,601<br />
Transfers 958,758 (1,243,238) 284,480 <br />
Disposals (1,521) (7,269) (651) (142,988) (152,429)<br />
<br />
At31December2011 5,035,890 27,578,870 583,252 5,144,106 5,649,782 3,730,285 3,295,147 51,017,332<br />
<br />
Accumulateddepreciation <br />
At1January2011 2,935,006 1,289,082 1,925,107 2,488,886 1,383,047 10,021,128<br />
Depreciation 1,190,395 890,909 870,202 502,204 387,724 3,841,434<br />
Transfers (127) 127 355 31 386<br />
Disposals (491) (3,657) (518) (105,387) (110,053)<br />
<br />
At31December2011 4,125,401 2,179,373 2,791,779 2,990,927 1,665,415 13,752,895<br />
<br />
Netbookvalue 5,035,890 23,453,469 583,252 2,964,733 2,858,003 739,358 1,629,732 37,264,437<br />
<br />
MillionRielequivalent 20,340 94,729 2,356 11,975 11,543 2,986 6,582 150,511<br />
72<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
10.INTANGIBLE ASSETS<br />
<br />
<br />
Group and <strong>Bank</strong><br />
2012 2011<br />
US$<br />
US$<br />
Cost<br />
<br />
1January 2,172,757 2,016,006<br />
Additions 237,466 156,751<br />
Disposals (4,646) <br />
<br />
<br />
31December 2,405,577 2,172,757<br />
<br />
<br />
Accumulatedamortisation <br />
1January 1,838,952 1,592,514<br />
Amortisationcharge 221,535 246,438<br />
Disposals (4,646) <br />
<br />
<br />
31December 2,055,841 1,838,952<br />
<br />
<br />
Netbookvalue 349,736 333,805<br />
<br />
MillionRielequivalent 1,397 1,348<br />
11.DEFERRED TAX ASSETS<br />
<br />
Group and <strong>Bank</strong><br />
Unamortised Provisionfor<br />
Provisionfor commitment accrued<br />
staffgratitude fees bonus Total<br />
US$ US$ US$ US$<br />
2012<br />
At1January2012 353,471 682,884 1,036,355<br />
Recognisedintheincomestatement 81,698 (4,707) 189,751 266,742<br />
At31December2012 435,169 678,177 189,751 1,303,097<br />
<br />
MillionRielequivalent 1,739 2,709 758 5,206<br />
2011<br />
At1January2011 352,309 352,309<br />
Recognisedintheincomestatement 353,471 330,575 684,046<br />
At31December2011 353,471 682,884 1,036,355<br />
<br />
MillionRielequivalent 1,428 2,758 4,186<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 73
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
12.PROPERTY AND EQUIPMENT (connued)<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Accruedinterestreceivable 6,322,556 25,259 5,757,688 23,255 6,322,556 25,259 5,757,688 23,255<br />
Otheradvances 1,001,645 4,002 1,961,826 7,924 995,577 3,977 1,961,826 7,924<br />
Prepaidexpenses 1,514,813 6,052 1,245,021 5,029 1,465,960 5,857 1,226,848 4,955<br />
Supplies 848,736 3,391 412,578 1,666 848,736 3,391 412,578 1,666<br />
Travellers’chequespurchased 26,592 106 40,993 166 26,592 106 40,993 166<br />
Others 3,159,270 12,620 2,781,187 11,233 3,159,270 12,621 2,939,587 11,873<br />
<br />
12,873,612 51,430 12,199,293 49,273 12,818,691 51,211 12,339,520 49,839<br />
74<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
13.DEPOSITS FROM BANKS<br />
Group and <strong>Bank</strong><br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Currentaccounts 7,427,639 29,673 14,040,567 56,710<br />
Savingsaccounts 12,307,371 49,168 17,412,812 70,330<br />
Termdeposits 50,236,319 200,694 53,187,234 214,823<br />
Marginaldeposits 18,000 72 18,000 73<br />
<br />
<br />
69,989,329 279,607 84,658,613 341,936<br />
<br />
Annualinterestratesduringtheyearareasfollows:<br />
<br />
2012 2011<br />
Currentaccounts Nil Nil<br />
Savingsaccounts 0.50% 4.75% 0.75%<br />
Termdeposits 1.00% 3.50% 1.00% 4.75%<br />
<br />
Marginal deposits represent the aggregate balance of required non-interest bearing cash deposits from<br />
banks for leers of credit and guarantees outstanding at year-end.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 75
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
14.DEPOSITS FROM CUSTOMERS<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Currentaccounts 76,779,883 306,736 51,038,151 206,143 77,055,933 307,838 60,078,693 242,658<br />
Savingsaccounts 421,151,009 1,682,498 333,322,239 1,346,289 421,151,009 1,682,498 333,322,239 1,346,289<br />
Termdeposits 708,431,747 2,830,185 580,154,940 2,343,246 713,731,747 2,851,358 580,154,940 2,343,246<br />
Marginaldeposits 896,583 3,582 1,088,447 4,396 896,583 3,583 1,088,447 4,396<br />
<br />
1,207,259,222 4,823,001 965,603,777 3,900,074 1,212,835,272 4,845,277 974,644,319 3,936,589<br />
<br />
Annualinterestratesfollow:<br />
<br />
<br />
2012 2011<br />
<br />
Currentaccounts Nil2.00% Nil 2.00%<br />
Savingsaccounts 0.75%2.00% 0.75% 2.00%<br />
Termdeposits 2.00%5.50% 2.50% 6.00%<br />
Marginal deposits represent the aggregate balance of required non-interest bearing cash deposits from customers for leers of<br />
credit and guarantees outstanding at year-end.<br />
76<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
15.BORROWINGS<br />
Group and <strong>Bank</strong><br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
ChinaDevelopment<strong>Bank</strong>Corporation(i) 16,830,000 67,236 17,474,607 70,580<br />
KfWthroughMoEF(ii) 1,083,025 4,327 1,800,222 7,271<br />
<br />
17,913,025 71,563 19,274,829 77,851<br />
<br />
(i)<br />
(ii)<br />
Represents two loan facilies with an<br />
overseas bank obtained in 2010 comprising<br />
US$20 million a nd Renminbi66 million<br />
(approximately US$10 million) for a term of<br />
eight years. These borrowings bear annual<br />
interest at six-month LIBOR plus credit spread<br />
of 4.0%.For security pledged, refer to Note 5.<br />
Represents loans from Kreditanstalt fur<br />
Wiederauau (“KfW”) through the Ministry of<br />
Economy and Finance (“MoEF”) that resulted<br />
from loan and finance agreements between<br />
the <strong>Bank</strong>, KfW and MoEF, dated 23 April 2003<br />
and 18 October 2005 for Small and Medium<br />
Enterprise (“SME”) term-lending Phase I and<br />
Phase II respecvely. The agreements spulate<br />
that the funds borrowed from KfW through<br />
MoEF shall be sub-lent to SMEs to build SME<br />
capacity in Cambodia. The sub-loans are<br />
classified as an asset of the <strong>Bank</strong> under loans<br />
and advances. KfW borrowing is unsecured<br />
and bears annual interest at an average rate of<br />
5.62% (2011: 6.38%).<br />
16. SUBORDINATED DEBT<br />
On 28 October 2005, the <strong>Bank</strong> entered into<br />
an agreement with Mr.Pung Kheav Se, the<br />
Chairman (see Note 33), a main shareholder<br />
of the <strong>Bank</strong> through CIHP, to provide the <strong>Bank</strong><br />
with a subordinated loan of US$7.08 million for<br />
the purpose of acquiring shares in the Foreign<br />
Trade <strong>Bank</strong> of Cambodia (“FTB”). This subordinated<br />
debt is unsecured, non-interest bearing and<br />
has no fixed terms of repayment. The debt was<br />
approved by the NBC on 28 December 2005.<br />
On 16 March 2012, the Board of Directors<br />
approved the amendments in the subordinated<br />
debt agreement which include the change in the<br />
tenor of the debt to a ten-year term effecve<br />
from 1 January 2011 with an annual interest<br />
charge at 6% per annum.<br />
The subordinated debt is treated as a liability<br />
for financial reporng purposes and included as<br />
capital Tier II in the <strong>Bank</strong>’s net worth calculaon<br />
based on the NBC’s guidelines (Note 34.4).<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 77
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
17.PROVISION FOR STAFF GRATITUDE<br />
The Group and the <strong>Bank</strong> has contributed to its employees’ rerement and resignaon plan since August 2006. Movements in the<br />
provision for staff benefits of the Group and the <strong>Bank</strong> are as follows:<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
At1January 1,767,357 7,061 1,413,269 5,708<br />
Provisionduringtheyear 569,644 2,276 490,991 1,983<br />
Paymentsduringtheyear (161,156) (644) (136,903) (553)<br />
<br />
At31December 2,175,845 8,693 1,767,357 7,138<br />
18.OTHER LIABILITIES<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Accruedinterestpayable 15,010,560 59,967 13,637,404 55,081 15,010,560 59,967 13,637,404 55,081<br />
Othertradepayables 1,378,932 5,509 1,053,236 4,254 1,377,007 5,501 1,037,495 4,190<br />
Accruedstaffbonuses 1,143,744 4,569 985,015 3,978 1,143,744 4,569 985,015 3,978<br />
Accruedexpenses 330,236 1,319 380,504 1,537 330,236 1,319 380,504 1,537<br />
Othertaxespayable 508,724 2,032 246,951 997 506,912 2,025 246,354 995<br />
Others 6,889,002 27,522 958,684 3,874 6,889,002 27,523 958,684 3,874<br />
<br />
25,261,198 100,918 17,261,794 69,721 25,257,461 100,904 17,245,456 69,655<br />
78<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
19.SHARE CAPITAL<br />
Group and <strong>Bank</strong><br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
Issuedandfullypaid:<br />
At1January 110,000,000 444,290 40,545,000 164,329<br />
Issueofshares 20,000,000 79,900 69,455,000 280,529<br />
Currencytranslationdifferences (4,840) (568)<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
At31December 130,000,000 519,350 110,000,000 444,290<br />
<br />
During the year, the authorised paid-up capital<br />
was increased by US$ 20,000,000 by the issue<br />
of 20,000,000 shares of US$ 1 each.As at 31<br />
December 2012, the <strong>Bank</strong>’s total paid-up capital<br />
20.RESERVES<br />
Group<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Generalreserves 15,050,777 60,128 <br />
ChangeinfairvalueofAFSfinancialassets 40,792 163 <br />
<br />
15,091,569 60,291 <br />
<br />
<strong>Bank</strong><br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Generalreserves 15,050,777 60,128 <br />
<br />
<br />
As at 31 December 2012, the <strong>Bank</strong> has established<br />
the general reserves of US$15,050,777 by<br />
transferring from the retained earnings. The<br />
general reserves were approved by the NBC’s<br />
leer no. B7-012-165 dated 22 June 2012.This<br />
reserve is not distributable unless approved by<br />
the NBC. The reserveis included as capital Tier I<br />
in the <strong>Bank</strong>’s net worth calculaon based on the<br />
NBC’s guidelines (Note 34.4).<br />
is US$130 million shares with a par value of US$<br />
1 per share. All shares are issued to and fully paid<br />
by CIHP.<br />
21. DIVIDENDS<br />
The <strong>Bank</strong> has declared and paid dividends<br />
totaling to US$8,104,264 during the year<br />
(2011: US$69,455,000) to its sole shareholder,<br />
CIHP. In 2011, the dividend has been<br />
re-invested in the <strong>Bank</strong> as a capital increase<br />
(Note 19).<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 79
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
22.NET INTEREST INCOME<br />
Group and <strong>Bank</strong><br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Interestincome: <br />
Loansandadvances 90,325,251 360,849 65,315,984 263,811 90,325,251 360,849 65,315,984 263,811<br />
Balanceswithotherbanks 1,097,825 4,386 1,007,112 4,068 1,097,825 4,386 1,007,112 4,068<br />
BalanceswiththeNBC 251,886 1,006 202,842 819 251,886 1,006 202,842 819<br />
Availableforsalefinancialassets 150,000 600 <br />
<br />
Totalinterestincome 91,824,962 366,841 66,525,938 268,698 91,674,962 366,241 66,525,938 268,698<br />
<br />
Interestexpense: <br />
Depositsfromcustomers 32,704,050 130,653 27,614,904 111,537 32,795,099 131,016 27,614,904 111,537<br />
Depositsfrombanks 1,449,385 5,790 1,207,739 4,878 1,449,385 5,790 1,207,739 4,878<br />
Borrowings 1,327,856 5,305 822,900 3,324 1,327,856 5,305 822,900 3,324<br />
<br />
Totalinterestexpense 35,481,291 141,748 29,645,543 119,739 35,572,340 142,111 29,645,543 119,739<br />
<br />
Netinterestincome 56,343,671 225,093 36,880,395 148,959 56,102,622 224,130 36,880,395 148,959<br />
80<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
23.NET FEE AND COMMISSION INCOME<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Loancommitmentfees 6,576,646 26,274 4,419,149 17,849 6,576,646 26,274 4,419,149 17,849<br />
Commissionfromremittances 2,477,623 9,898 2,464,335 9,953 2,477,623 9,898 2,464,335 9,953<br />
Miscellaneousloanfeesandcharges 1,561,251 6,237 1,370,760 5,536 1,561,251 6,237 1,370,760 5,536<br />
Incomefromlettersofcredit 519,887 2,077 447,498 1,807 519,887 2,077 447,498 1,807<br />
Feesfortelex,faxandphone 268,582 1,073 265,615 1,073 268,582 1,073 265,615 1,073<br />
ATMandcreditcardfees 244,670 977 197,909 799 244,670 977 197,909 799<br />
Feesforcreditcardadvancesandlate<br />
payments 128,972 515 140,035 566 128,972 515 140,035 566<br />
Otherfeesandcommission 3,642,346 14,552 2,966,692 11,982 3,632,724 14,513 2,966,692 11,982<br />
<br />
Totalfeeandcommissionincome 15,419,977 61,603 12,271,993 49,565 15,410,355 61,564 12,271,993 49,565<br />
<br />
Feeandcommissionexpense 2,888,831 11,541 2,252,376 9,097 2,886,001 11,530 2,252,376 9,097<br />
<br />
Netfeeandcommissionincome 12,531,146 50,062 10,019,617 40,468 12,524,354 50,034 10,019,617 40,468<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 81
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
24.OTHER OPERATING INCOME<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
GainonsaleofsharesinFTB 3,500,000 14,137 3,500,000 14,137<br />
Gainonforeignexchange<br />
currencies 808,443 3,230 1,024,637 4,139 808,443 3,230 1,024,637 4,139<br />
Rentalincome 279,847 1,118 158,319 639 306,847 1,226 169,569 685<br />
Otherincome 127,528 509 46,409 188 113,340 452 46,409 187<br />
<br />
1,215,818 4,857 4,729,365 19,103 1,228,630 4,908 4,740,615 19,148<br />
<br />
<br />
<br />
25.PERSONNEL EXPENSES<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Wagesandsalaries 7,770,460 31,043 6,751,230 27,268 7,598,152 30,355 6,717,093 27,131<br />
Staffgratitudebenefits 569,644 2,276 490,991 1,983 569,644 2,276 490,991 1,983<br />
Othershorttermbenefits 471,841 1,885 439,490 1,775 471,841 1,884 439,490 1,775<br />
<br />
8,811,945 35,204 7,681,711 31,026 8,639,637 34,515 7,647,574 30,889<br />
82<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
26.DEPRECIATION AND AMORTISATION EXPENSES<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Depreciationofpropertyandequipment 4,148,053 16,571 3,846,614 15,536 4,090,302 16,341 3,841,434 15,516<br />
Amortisationofintangibleassets 221,535 886 246,438 996 221,535 885 246,438 995<br />
<br />
4,369,588 17,457 4,093,052 16,532 4,311,837 17,226 4,087,872 16,511<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 83
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
27.GENERAL AND ADMINISTRATIVE EXPENSES<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Utilities 1,605,065 6,412 1,367,939 5,525 1,605,065 6,412 1,367,939 5,525<br />
Charitabledonationsandgifts 1,013,610 4,049 975,670 3,941 1,013,610 4,049 975,670 3,941<br />
Advertisingandpublicrelations 572,666 2,288 653,866 2,641 544,368 2,175 653,670 2,640<br />
Buildingrental 909,545 3,634 621,239 2,509 906,545 3,622 619,989 2,504<br />
Legalandprofessionalfees 817,620 3,266 629,474 2,542 789,126 3,153 617,411 2,494<br />
Taxesandduties 605,941 2,421 830,840 3,356 586,157 2,342 820,971 3,316<br />
Travel,accommodationandfoods 557,053 2,225 588,714 2,378 544,740 2,176 588,714 2,378<br />
Communication 490,288 1,959 430,343 1,738 490,288 1,959 430,343 1,738<br />
Repairsandmaintenance 514,718 2,056 364,557 1,472 514,718 2,056 364,557 1,472<br />
Motorvehicles 244,208 976 230,537 931 244,208 976 230,537 931<br />
Printingandforms 201,039 803 206,370 834 201,039 803 206,370 834<br />
Stationeryandsupplies 204,779 818 174,979 707 196,792 786 173,543 701<br />
Insuranceexpense 137,818 551 105,510 426 137,818 551 105,510 426<br />
Boardofdirectors’fee 149,836 599 141,318 571 149,836 599 141,318 571<br />
Others 337,276 1,347 311,406 1,258 324,267 1,294 306,919 1,239<br />
<br />
8,361,462 33,404 7,632,762 30,829 8,248,577 32,953 7,603,461 30,710<br />
84<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
27.PROVISION FOR LOAN LOSSES<br />
Group and <strong>Bank</strong><br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Provisionforlossesonloans(Note6a) 17,791,315 71,076 11,964,933 48,326<br />
(Recovery)/Provisionforlossesonaccruedinterestreceivable (288,598) (1,153) 289,049 1,167<br />
Recoveryoflossesonloans(Note6a) (13,387,964) (53,485) (8,903,972) (35,963)<br />
28.INCOME TAX<br />
<br />
4,114,753 16,438 3,350,010 13,530<br />
a) Current tax liabilies<br />
<br />
<br />
<br />
The movements of the Group and the <strong>Bank</strong>’s income tax payable are as follows:<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
<br />
At1January 5,893,101 23,543 3,514,904 14,197 5,893,101 23,543 3,514,904 14,197<br />
Incometaxexpense 9,260,818 36,997 6,400,847 25,853 9,258,310 36,987 6,400,847 25,853<br />
Incometaxpaid (6,290,420) (25,130) (4,022,650) (16,247) (6,289,596) (25,127) (4,022,650) (16,247)<br />
<br />
At31December 8,863,499 35,410 5,893,101 23,803 8,861,815 35,403 5,893,101 23,803<br />
The <strong>Bank</strong> has obtained tax clearance up to the fiscal year 2011. The current year’s income tax is subject to the General Department<br />
of Taxaon (“GDT”) assessment, the outcome of which cannot be determined as at the date of these financial statements.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 85
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
29.INCOME TAX(connued)<br />
<br />
b) Income tax expense<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Currenttax 9,260,818 36,997 6,400,847 25,853 9,258,310 36,987 6,400,847 25,853<br />
Deferredtax (266,742) (1,066) (684,046) (2,763) (266,742) (1,066) (684,046) (2,763)<br />
<br />
8,994,076 35,931 5,716,801 23,090 8,991,568 35,921 5,716,801 23,090<br />
<br />
<br />
<br />
c) Reconciliaon between accounng profit and income tax expense of the Group and the bank are as follows:<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Profitbeforeincometax 44,432,887 177,509 28,871,842 116,613 44,540,802 177,940 28,951,710 116,935<br />
<br />
Taxcalculationat20% 8,886,577 35,502 5,774,368 23,323 8,908,160 35,588 5,790,342 23,387<br />
Taxeffectsinrespectof: <br />
Expensesnotdeductiblefortax<br />
purposes 83,408 333 296,283 1,196 83,408 333 280,309 1,132<br />
Taxlossnotrecognised 24,091 96 <br />
Recognitionofpreviouslyunrecognised<br />
temporarydifferences (353,850) (1,429) (353,850) (1,429)<br />
<br />
8,994,076 35,931 5,716,801 23,090 8,991,568 35,921 5,716,801 23,090<br />
86<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
29.INCOME TAX (connued)<br />
In accordance with the Cambodian tax laws, the<br />
<strong>Bank</strong> has an obligaon to pay corporate income<br />
tax of either tax on profit at a rate of 20% on<br />
taxable profit or minimum tax at 1% of turnover,<br />
whichever is higher.<br />
The tax returns of the Group and of the <strong>Bank</strong><br />
are subject to periodic examinaon by the<br />
General Department of Taxaon. As the<br />
applicaon of tax laws and regulaons to<br />
various types of transacons is suscepble to<br />
varying interpretaons, amounts reported in<br />
the financial statements of the Group and of<br />
the <strong>Bank</strong> could be changed at a later date, upon<br />
final determinaon by the General Department<br />
of Taxaon.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 87
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
30.CASH FROM/(USED IN) OPERATIONS<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Profitbeforeincometax 44,432,887 177,509 28,871,842 116,613 44,540,802 177,940 28,951,710 116,935<br />
Adjustmentsfor: <br />
Depreciationandamortisation 4,369,588 17,457 4,093,052 16,532 4,311,837 17,226 4,087,872 16,511<br />
Provisionforlossesonloans 17,791,315 71,076 11,964,933 48,326 17,791,315 71,076 11,964,933 48,326<br />
Recoveryoflossesonloans (13,387,964) (53,485) (8,903,972) (35,963) (13,387,964) (53,485) (8,903,972) (35,963)<br />
Gainondisposalsofpropertyandequipment (21,348) (85) (2,942) (12) (21,439) (86) (2,942) (12)<br />
Foreignexchangegainsonstatutorydeposits<br />
withtheNBC (14,329) (57) <br />
Netinterestincome (56,343,671) (225,093) (36,880,395) (148,959) (56,102,622) (224,130) (36,880,395) (148,959)<br />
GainondisposalofFTBshares (3,500,000) (14,137) (3,500,000) (14,137)<br />
Changesinworkingcapital: <br />
Cashcollateralonborrowings 162,026 647 (6,945,552) (28,053) 162,026 647 (6,945,552) (28,053)<br />
BalanceswithNBCcapitalandreservedeposits (31,334,473) (125,181) (32,709,892) (132,115) (31,334,473) (125,181) (32,709,892) (132,115)<br />
Balanceswithotherbanksmaturitymore<br />
thanthreemonths 1,000,000 4,039 1,000,000 4,039<br />
Loansandadvances (128,310,397) (512,600) (228,097,725) (921,287) (128,310,397) (512,600) (228,097,725) (921,287)<br />
Otherassets (109,451) (437) 665,098 2,686 85,697 342 506,777 2,047<br />
Depositsfrombanks (14,669,284) (58,604) (32,126,027) (129,757) (14,669,284) (58,604) (32,126,027) (129,757)<br />
Depositsfromcustomers 241,655,445 965,414 211,163,372 852,889 238,190,953 951,573 220,153,770 889,201<br />
Provisionforstaffgratitude 408,488 1,632 354,088 1,430 408,488 1,632 354,088 1,430<br />
Otherliabilities 6,626,248 26,472 1,583,495 6,395 6,638,849 26,522 1,567,157 6,329<br />
<br />
Cashfrom/(usedin)operations 71,255,080 284,665 (89,470,625) (361,373) 68,303,788 272,872 (80,580,198) (325,465)<br />
88<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
31.CASH AND CASH EQUIVALENTS<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Cashonhand 91,404,020 365,159 87,295,889 352,588 91,403,720 365,158 87,295,889 352,588<br />
BalanceswiththeNBC: <br />
Currentaccounts 91,671,917 366,229 27,172,700 109,751 91,671,917 366,229 27,172,700 109,751<br />
Termdeposits(maturityofthree<br />
monthsorless) 162,000,000 647,190 144,000,000 581,616 162,000,000 647,190 144,000,000 581,616<br />
Balanceswithotherbanks: <br />
Currentaccounts 91,210,562 364,386 56,677,192 228,919 91,210,562 364,386 56,677,192 228,919<br />
Savingsaccounts 44,922 179 43,238 175 44,922 179 43,238 175<br />
Termdeposits(maturityofthree<br />
monthsorless) 19,453,707 77,718 22,839,994 92,251 19,453,707 77,718 22,839,994 92,251<br />
<br />
455,785,128 1,820,861 338,029,013 1,365,300 455,784,828 1,820,860 338,029,013 1,365,300<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 89
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
32.COMMITMENTS AND CONTINGENCIES<br />
a) Loan commitments, guarantees and other financial liabilies<br />
Contractual amounts arising from off-balance sheet financial instruments that the Group and the <strong>Bank</strong><br />
commied to extend credit to customers, guarantees and other facilies are as follows:<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Unusedportionofapprovedcreditfacilities 110,350,709 440,851 85,798,082 346,538<br />
Performanceandbankers’guarantees 23,183,807 92,619 4,397,500 17,762<br />
<strong>Bank</strong>ers'acceptance 5,472,361 21,862 5,478,921 22,129<br />
Documentarycredit 5,904,682 23,589 3,332,032 13,458<br />
Others 46,580 186 27,421 111<br />
<br />
<br />
144,958,139 579,107 99,033,956 399,998<br />
<br />
<br />
No material losses are ancipated as a result of these transacons.<br />
<br />
<br />
b) Operang lease commitments<br />
<br />
Where the Group or the <strong>Bank</strong> is the lessee, the future minimum lease payments of the Group’s and the<br />
<br />
<strong>Bank</strong>’s branches in Phnom Penh and provinces under a non-cancellable operang leasearrangement are<br />
<br />
as follows:<br />
<br />
<br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Notlaterthanoneyear 680,296 2,718 784,691 3,169<br />
Laterthanoneyearandnotlaterthanfiveyears 2,240,529 8,951 1,901,274 7,679<br />
Overfiveyears 3,267,913 13,055 3,742,027 15,114<br />
<br />
<br />
6,188,738 24,724 6,427,992 25,962<br />
<br />
90<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
33.RELATED PARTY TRANSACTIONS AND BALANCES<br />
a) Related pares and relaonship<br />
The related pares of, and their relaonship with the Group and the <strong>Bank</strong> are as follows:<br />
<br />
Relationship<br />
Relatedparty<br />
<br />
Immediateandultimateparentcompany <strong>Canadia</strong>InvestmentHolding<strong>Plc</strong>.(“CIHP”)<br />
<br />
Subsidiary<br />
Whollyownedsubsidiaryofthe<strong>Bank</strong>,CanaSecuritiesLtd.<br />
<br />
Keymanagementpersonnel<br />
AlldirectorsoftheGroupandthe<strong>Bank</strong>whomakecriticaldecisions<br />
inrelationtothestrategicdirectionoftheGroupandthe<strong>Bank</strong>and<br />
seniormanagementstaff(includingtheirclosefamilymembers)<br />
<br />
<br />
b) Loans and advances to directors and key management<br />
<br />
Group and <strong>Bank</strong><br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
At1January 248,481 993 177,807 718<br />
Loansadvancedduringtheyear 51,162 204 108,128 437<br />
Loanrepaymentsreceived (60,503) (242) (37,454) (151)<br />
<br />
At31December 239,140 955 248,481 1,004<br />
<br />
Interestincome 21,682 87 20,621 83<br />
<br />
<br />
Loans to directors and key management earn annual interest at rates ranging from 8.40% to 10.00%.<br />
<br />
c) Deposits from related pares<br />
<br />
Group<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Parentcompany 406,424 1,624 123,521 499<br />
Keymanagementpersonnel 1,879,541 7,509 2,006,296 8,103<br />
<br />
2,285,965 9,133 2,129,817 8,602<br />
<br />
Interestexpense 12,214 49 77,864 314<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 91
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
33.RELATED PARTY TRANSACTIONS AND BALANCES (connued)<br />
<br />
<br />
<br />
<br />
c) Deposits from related pares (connued)<br />
<br />
<strong>Bank</strong><br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Parentcompany 406,424 1,624 123,521 499<br />
Subsidiary 5,576,051 22,276 9,040,542 36,515<br />
Directorsandkeymanagement 1,879,541 7,509 2,006,296 8,103<br />
<br />
Atendofyear 7,862,016 31,409 11,170,359 45,117<br />
<br />
Interestexpense 103,263 413 77,864 314<br />
<br />
<br />
The deposits from parent company, subsidiary and key management personnel bear interest at rates<br />
ranging from 0.75% and 2.00% per annum.<br />
<br />
d) Subordinated debt<br />
<br />
Group and <strong>Bank</strong><br />
<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
SubordinateddebtfromtheChairman 7,080,000 28,285 7,080,000 28,596<br />
<br />
Interestexpense 424,800 1,697 424,800 1,716<br />
e) Key management personnel compensaon<br />
Group<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Salariesandshortterm<br />
benefits 1,404,905 5,613 935,448 3,778<br />
Postemploymentbenefits 53,014 212 40,600 164<br />
<br />
1,457,919 5,825 976,048 3,942<br />
<br />
92<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
33.RELATED PARTY TRANSACTIONS AND BALANCES (connued)<br />
e) Key management personnel compensaon (connued)<br />
<br />
<strong>Bank</strong><br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Salariesandshorttermbenefits 1,354,920 5,413 935,448 3,778<br />
Postemploymentbenefits 53,014 212 40,600 164<br />
<br />
1,407,934 5,625 976,048 3,942<br />
<br />
<br />
<br />
f) Other transacons with related pares<br />
<br />
Group<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Managementfeechargedbyparentcompany 33,000 132 33,000 133<br />
<strong>Bank</strong><br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Managementfeechargedbyparentcompany 33,000 132 33,000 133<br />
<br />
Rentalincomefromsubsidiary 27,000 108 12,500 50<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 93
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT<br />
The Group and the <strong>Bank</strong>’s acvies expose them to a variety of<br />
financial risks: credit risk, market risk (including currency risk,<br />
interest rate risk and price risk), and liquidity risk. Taking risk is<br />
core to the financial business, and the operaonal risks are the<br />
inevitable consequence of being in business.<br />
The Group and the <strong>Bank</strong> do not use derivave financial instruments<br />
such as foreign exchange contract and interest rate<br />
swaps to manage their risk exposure. The financial assets and<br />
liabilies held by the Group and the <strong>Bank</strong> are as follows:<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
Financialassets<br />
Cashonhand 91,404,020 365,159 87,295,889 352,588 91,403,720 365,158 87,295,889 352,588<br />
BalanceswiththeNBC 412,116,864 1,646,407 298,268,845 1,204,708 411,115,612 1,642,407 297,281,922 1,200,722<br />
Balanceswithotherbanks 128,458,506 513,192 97,471,765 393,689 128,458,506 513,192 97,471,765 393,689<br />
Loansandadvances 845,419,324 3,377,450 721,512,278 2,914,189 845,419,324 3,377,450 721,512,278 2,914,189<br />
Availableforsalefinancialassets 3,277,228 13,093 <br />
Otherassets 6,322,556 25,259 5,757,688 23,255 6,322,556 25,259 5,757,688 23,255<br />
Totalfinancialassets 1,486,998,498 5,940,560 1,210,306,465 4,888,4291,482,719,718 5,923,466 1,209,319,542 4,884,443<br />
<br />
Financialliabilities <br />
Depositsfrombanks 69,989,329 279,607 84,658,613 341,936 69,989,329 279,607 84,658,613 341,936<br />
Depositsfromcustomers 1,207,259,222 4,823,001 965,603,777 3,900,0741,212,835,272 4,845,277 974,644,319 3,936,589<br />
Borrowings 17,913,025 71,563 19,274,829 77,851 17,913,025 71,563 19,274,829 77,851<br />
Subordinateddebt 7,080,000 28,285 7,080,000 28,596 7,080,000 28,285 7,080,000 28,596<br />
Otherliabilities 24,752,474 98,886 17,014,843 68,724 24,750,549 98,879 16,999,102 68,660<br />
<br />
Totalfinancialliabilities 1,326,994,050 5,301,342 1,093,632,062 4,417,1811,332,568,175 5,323,611 1,102,656,863 4,453,632<br />
<br />
Netfinancialassets 160,004,448 639,218 116,674,403 471,248 150,151,543 599,855 106,662,679 430,811<br />
94<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1 Credit risk<br />
The Group takes exposure to credit risk, which is<br />
the risk that counterparty will cause a financial<br />
loss to the Group by failing to discharge an<br />
obligaon. Credit risk is the most important risk<br />
for the business of the Group. Credit exposure<br />
arises principally in lending acvies. There is<br />
also credit risk in off-balance sheet financial<br />
instruments, such as loan commitments.The<br />
credit risk management of the <strong>Bank</strong> is carried out<br />
by its credit commiee.<br />
a) Credit risk measurement<br />
The <strong>Bank</strong> assesses the probability of default<br />
of individual counterpares using internal<br />
rang tool. Credit commiee is responsible for<br />
determining the risk rang for each borrower.<br />
In measuring credit risk of loans and advances at<br />
a counterparty level, the <strong>Bank</strong> reflects the nine<br />
risk rang grades which are: (i) minimal risk, (ii)<br />
below average risk, (iii) average risk, (iv) above<br />
average risk, (v) higher than above average risk<br />
but sll acceptable, (vi) watch, (vii) substandard,<br />
(viii) doubul and (ix) loss.<br />
Risk rangs are reviewed and updated at least<br />
annually, and in the event of a change in loan<br />
terms and condions including extension;<br />
repayment irregularies or delinquencies; and<br />
adverse informaon relang to the borrower or<br />
transacon.<br />
b) Risk limit control and migaon policies<br />
The <strong>Bank</strong> operates and provides loans and<br />
advances to individuals or enterprises within<br />
the Kingdom of Cambodia. The <strong>Bank</strong> manages<br />
limits and controls the concentraon of credit<br />
risk whenever it is idenfied. Large exposure is<br />
defined by the NBC as overall credit exposure to<br />
any individual beneficiary which exceeds 10% of<br />
the <strong>Bank</strong>’s net worth.<br />
The <strong>Bank</strong> is required, under the condions of<br />
Prakas No. B7-06-226, to maintain at all mes a<br />
maximum rao of 20% between the <strong>Bank</strong>’s overall<br />
credit exposure to any individual beneficiary and<br />
the <strong>Bank</strong>’s net worth. The aggregaon of large<br />
credit exposure must not exceed 300% of the<br />
<strong>Bank</strong>’s net worth.<br />
The <strong>Bank</strong> employs a range of policies and<br />
pracces to migate credit risk. The most<br />
tradional of these is the taking of security in the<br />
form of collateral for loans and advances. The<br />
<strong>Bank</strong> implements guidelines on the acceptability<br />
of specific classes of collateral or credit risk<br />
migaon. The principal collateral types as<br />
security for loans and advances are:<br />
• Mortgages over residenal properes<br />
(land, building and other properes);<br />
• Charges over business assets such as land<br />
and buildings; and<br />
• Cash in the form of margin deposits.<br />
c) Impairment and provisioning policies<br />
The <strong>Bank</strong> is required to follow the mandatory<br />
credit classificaon and provisioning in<br />
accordance with the relevant Prakas, as stated in<br />
note 2.8 to the financial statements.<br />
Loan classificaon and loan loss provisioning are<br />
determined taking into account past due period<br />
of loans and advances to customers and other<br />
relevant qualitave factors.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 95
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1 Credit risk (connued)<br />
d) Maximum exposures to credit risk before collateral held or other credit enhancements of the Group and the <strong>Bank</strong> are as follows:<br />
<br />
Group <strong>Bank</strong><br />
2012 2011 2012 2011<br />
US$ MillionRiel US$ MillionRiel US$ MillionRiel US$ MillionRiel<br />
<br />
Creditriskexposuresrelatingtoon<br />
balancesheetassets: <br />
Balanceswithotherbanks 128,458,506 513,192 97,471,765 393,689 128,458,506 513,192 97,471,765 393,689<br />
Loansandadvances 845,419,324 3,377,450 721,512,278 2,914,189 845,419,324 3,377,450 721,512,278 2,914,189<br />
Availableforsalefinancialassets 3,277,228 13,093 <br />
Otherassets 6,322,556 25,259 5,757,688 23,255 6,322,556 25,259 5,757,688 23,255<br />
983,477,614 3,928,994 824,741,731 3,331,133 980,200,386 3,915,901 824,741,731 3,331,133<br />
Creditriskexposuresrelatingtooff<br />
balancesheetitems: <br />
Unusedportionofapprovedcredit<br />
facilities 110,350,709 440,851 85,798,082 346,538 110,350,709 440,851 85,798,082 346,538<br />
Guarantees,acceptancesandother<br />
financialfacilities 34,607,430 138,256 13,235,874 53,460 34,607,430 138,256 13,235,874 53,460<br />
144,958,139 579,107 99,033,956 399,998 144,958,139 579,107 99,033,956 399,998<br />
1,128,435,753 4,508,101 923,775,687 3,731,1311,125,158,525 4,495,008 923,775,687 3,731,131<br />
The above table represents a worst case scenario of credit risk<br />
exposure to the Group and the <strong>Bank</strong>, since collateral held and/<br />
or other credit enhancement aached were not taken into<br />
account. For on-balance sheet assets, the exposures set out<br />
above are based on net carrying amounts. As at 31 December<br />
2012, 75% (2011: 78%) of total maximum exposure is derived<br />
from loans and advances.Management is confident of its ability<br />
to connue to control and sustain minimal exposure on credit<br />
risk resulng from the <strong>Bank</strong>’s loans and advances due to the<br />
following:<br />
• Almost all loans and advances are collateralised and<br />
loan to collateral value range from 60% to 70%.<br />
• 83.36% of loan porolio is considered neither past due<br />
nor impaired (2011: 89.39%).<br />
Allowance for losses on loans and advances had been provided<br />
for those individually impaired loans in accordance with the<br />
NBC’s requirement.<br />
96<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1. Credit risk (connued)<br />
e) Credit quality of financial assets<br />
Loans and advances of the Group and the <strong>Bank</strong> are as follows:<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Loansandadvancesneitherpastduenorimpaired 734,022,788 2,932,421 672,438,744 2,715,980<br />
Loansandadvancespastduebutnotimpaired 96,899,164 387,112 39,585,982 159,888<br />
Loansandadvancesindividuallyimpaired 49,585,998 198,096 40,191,132 162,332<br />
<br />
880,507,950 3,517,629 752,215,858 3,038,200<br />
<br />
<br />
For loan provisioning purposes, expected ii. Loans and advances past due but not<br />
recovery from collateral (except cash) is not impaired<br />
<br />
taken into consideraon in accordance with the<br />
<br />
NBC’s requirements.<br />
<br />
<br />
i. Loans and advances neither past due nor<br />
<br />
impaired<br />
<br />
<br />
<br />
Loans and advances not past due are not<br />
considered impaired, unless other informaon is<br />
available to indicate the contrary.<br />
<br />
<br />
Loans and advances less than 90 days past<br />
due are not considered impaired, unless other<br />
informaon is available to indicate the contrary.<br />
Gross amount of loans and advances that were<br />
past due but not impaired are as follows:<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
Pastdueupto90days 96,899,164 387,112 39,585,982 159,888<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 97
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1. Credit risk (connued)<br />
e) Loans and advances (connued)<br />
iii. Loans and advances individually impaired<br />
In accordance with PrakasB7-09-074 dated<br />
25 February 2009 on the classificaon and<br />
provisioning for bad and doubul debts, loans<br />
and advances that are past due for more than<br />
90 days are considered impaired and a minimum<br />
level of specific provision for impairment is made<br />
depending on the classificaon concerned,<br />
unless other informaon is available to indicate<br />
the contrary.<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Pastdue91to180days 28,659,595 114,495 23,705,215 95,745<br />
Pastdue181to360days 6,563,759 26,222 3,663,756 14,798<br />
Pastdueformorethan360days 14,362,644 57,379 12,822,161 51,789<br />
<br />
Total 49,585,998 198,096 40,191,132 162,332<br />
<br />
iv. Loans and advances renegoated<br />
Restructuring acvies include extended<br />
payment arrangements, modificaon and<br />
deferral of payments. Following restructuring,<br />
the loan is sll kept in its current classificaon<br />
unless there is strong evidence of improvement<br />
in the customer’s financial condion.<br />
f) Repossessed properes<br />
Repossessed properes are classified in the<br />
balance sheet as foreclosed properes. The <strong>Bank</strong><br />
repossessed properes totallingUS$293,600<br />
during the year (2011: US$58,377).<br />
There were no restructured loans and advances<br />
during the year (2011: US$5.36million).<br />
98<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1. Credit risk (connued)<br />
g) Concentraon of financial assets with credit risk exposure<br />
i. Geographical sector<br />
The following table provides a breakdown of the Group and the <strong>Bank</strong>’s main credit exposure at their carrying amount, as categorised<br />
by geographical region. The Group and the <strong>Bank</strong> allocated exposure to regions based on the country of domicile of the counterpares.<br />
<br />
Group<br />
Cambodia NorthAmerica<br />
OtherAsia<br />
Pacificcountries<br />
OtherASEAN<br />
countries Othercountries Total<br />
US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Balanceswithotherbanks 23,330,831 28,590,933 59,191,809 11,929,501 5,415,432 128,458,506<br />
Loansandadvances 845,419,324 845,419,324<br />
Availableforsalefinancialassets 3,277,228 3,277,228<br />
Otherassets 6,207,120 114,046 1,390 6,322,556<br />
Totalcreditexposure 878,234,503 28,704,979 59,193,199 11,929,501 5,415,432 983,477,614<br />
<br />
MillionRielequivalent 3,508,547 114,676 236,477 47,658 21,635 3,928,993<br />
<br />
Asat31December2011 <br />
Balanceswithotherbanks 14,818,916 6,377,918 55,017,522 18,019,404 3,238,005 97,471,765<br />
Loansandadvances 721,512,278 721,512,278<br />
Otherassets 5,309,015 448,673 5,757,688<br />
Totalcreditexposure 741,640,209 6,826,591 55,017,522 18,019,404 3,238,005 824,741,731<br />
<br />
MillionRielequivalent 2,995,485 27,573 222,216 72,780 13,078 3,331,132<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 99
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1 Credit risk (connued)<br />
g) Concentraon of financial assets with credit risk exposure(connued)<br />
i. Geographical sector (connued)<br />
<br />
<strong>Bank</strong><br />
Cambodia NorthAmerica<br />
OtherAsia<br />
Pacificcountries<br />
OtherASEAN<br />
countries Othercountries Total<br />
US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Balanceswithotherbanks 23,330,831 28,590,933 59,191,809 11,929,501 5,415,432 128,458,506<br />
Loansandadvances 845,419,324 845,419,324<br />
Otherassets 6,207,120 114,046 1,390 6,322,556<br />
Totalcreditexposure 874,957,275 28,704,979 59,193,199 11,929,501 5,415,432 980,200,386<br />
<br />
MillionRielequivalent 3,495,454 114,676 236,477 47,658 21,635 3,915,900<br />
<br />
Asat31December2011 <br />
Balanceswithotherbanks 14,818,916 6,377,918 55,017,522 18,019,404 3,238,005 97,471,765<br />
Loansandadvances 721,512,278 721,512,278<br />
Otherassets 5,309,015 448,673 5,757,688<br />
Totalcreditexposure 741,640,209 6,826,591 55,017,522 18,019,404 3,238,005 824,741,731<br />
<br />
MillionRielequivalent 2,995,485 27,573 222,216 72,780 13,078 3,331,132<br />
100<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1 Credit risk (connued)<br />
g) Concentraon of financial assets with credit risk exposure (connued)<br />
ii. Industry sector<br />
<br />
Group<br />
<br />
Financial<br />
institutions Service Mortgage<br />
Buildingand<br />
construction<br />
Wholesale<br />
andretail<br />
Importand<br />
export Agriculture Others Total<br />
US$ US$ US$ US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Balanceswithotherbanks 128,458,506 128,458,506<br />
Loansandadvances 2,724,730 146,911,632 61,761,855 148,912,257 261,305,678 59,678,029 94,508,909 69,616,234 845,419,324<br />
Availableforsalefinancial<br />
assets 3,000,000 277,228 3,277,228<br />
Otherassets 341,582 916,283 930,327 1,715,445 795,746 896,622 390,196 336,355 6,322,556<br />
Totalcreditexposure 131,524,818 147,827,915 62,692,182 153,627,702 262,101,424 60,574,651 94,899,105 70,229,817 983,477,614<br />
<br />
MillionRielequivalent 525,442 590,573 250,455 613,743 1,047,095 241,996 379,122 280,568 3,928,994<br />
<br />
Asat31December2011 <br />
Balanceswithotherbanks 97,471,765 97,471,765<br />
Loansandadvances 3,636,206 180,864,764 70,459,849 60,342,711 180,665,716 60,029,533 63,989,222 101,524,277 721,512,278<br />
Otherassets 1,681,185 1,414,350 233,466 903,620 584,102 284,450 656,515 5,757,688<br />
Totalcreditexposure 101,107,971 182,545,949 71,874,199 60,576,177 181,569,336 60,613,635 64,273,672 102,180,792 824,741,731<br />
<br />
MillionRielequivalent 408,375 737,303 290,300 244,667 733,359 244,818 259,601 412,708 3,331,131<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 101
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.1 Credit risk (connued)<br />
g) Concentraon of financial assets with credit risk exposure(connued)<br />
ii. Industry sector (connued)<br />
<br />
<strong>Bank</strong><br />
<br />
Financial<br />
institutions Service Mortgage<br />
Buildingand<br />
construction<br />
Wholesale<br />
andretail<br />
Importand<br />
export Agriculture Others Total<br />
US$ US$ US$ US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Balanceswithotherbanks 128,458,506 128,458,506<br />
Loansandadvances 2,724,730 146,911,632 61,761,855 148,912,257 261,305,678 59,678,029 94,508,909 69,616,234 845,419,324<br />
Otherassets 341,582 916,283 930,327 1,715,445 795,746 896,622 390,196 336,355 6,322,556<br />
Totalcreditexposure 131,524,818 147,827,915 62,692,182 150,627,702 262,101,424 60,574,651 94,899,105 69,952,589 980,200,386<br />
<br />
MillionRielequivalent 525,442 590,573 250,455 601,758 1,047,095 241,996 379,122 279,461 3,915,902<br />
<br />
Asat31December2011 <br />
Balanceswithotherbanks 97,471,765 97,471,765<br />
Loansandadvances 3,636,206 180,864,764 70,459,849 60,342,711 180,665,716 60,029,533 63,989,222 101,524,277 721,512,278<br />
Otherassets 1,681,185 1,414,350 233,466 903,620 584,102 284,450 656,515 5,757,688<br />
Totalcreditexposure 101,107,971 182,545,949 71,874,199 60,576,177 181,569,336 60,613,635 64,273,672 102,180,792 824,741,731<br />
<br />
MillionRielequivalent 408,375 737,303 290,300 244,667 733,359 244,818 259,601 412,708 3,331,131<br />
102<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2. Market risk<br />
The Group and the <strong>Bank</strong> takes exposure to<br />
market risk, which is the risk that the fair value<br />
or future cash flow of a financial instrument will<br />
fluctuate because of changes in market prices.<br />
Market risk arises from open posions in interest<br />
rates, currency and equity products, all of which<br />
are exposed to general and specific market<br />
movements and changes in the level of volality<br />
of market rates or prices such as interest rates,<br />
credit spreads, foreign exchange rates and equity<br />
prices.<br />
The Group and the <strong>Bank</strong> do not use derivave<br />
financial instruments such as foreign exchange<br />
contract and interest rate swaps to hedge its risk<br />
exposure.<br />
a) Foreign exchange risk<br />
The Group and the <strong>Bank</strong> operate in Cambodia<br />
and transacts in many currencies, and is exposed<br />
to various currency risks, primarily with respect<br />
to Riel, Renminbi, Euro and Thai Baht.<br />
Foreign exchange risk arises from future<br />
commercial transacons and recognised assets<br />
and liabilies denominated in a currency that<br />
is not the Group’s and the <strong>Bank</strong>’s funconal<br />
currency.<br />
Management monitors foreign exchange risk<br />
against the Group’s and the <strong>Bank</strong>’s funconal<br />
currency. However, the Group and the <strong>Bank</strong> do<br />
not hedge its foreign exchange risk exposure<br />
arising from future commercial transacons and<br />
recognised assets and liabilies using forward<br />
contracts.<br />
The Group’s and the <strong>Bank</strong>’s policy is to maintain<br />
foreign currency exposure within acceptable<br />
limits and within exisng regulatory guidelines.<br />
The Group and the <strong>Bank</strong> did not present a<br />
sensivity analysis on the impact of reasonably<br />
possible change in foreign currency on profit and<br />
loss before tax and equity since the exposure to<br />
foreign currency risk is minimal.<br />
The table below summarises the Group’s and the<br />
<strong>Bank</strong>’s exposure to foreign currency exchange<br />
rate risk. Included in the table are the Group<br />
and <strong>Bank</strong>’s financial instruments at their carrying<br />
amounts by currency in US$ equivalent.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 103
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2.Market risk (connued)<br />
a) Foreign exchange risk(connued)<br />
<br />
(inUS$) Group<br />
US$ Riel RMB EUR THB Other Total<br />
Asat31December2012 <br />
Financialassets <br />
Cashonhand 78,799,047 11,305,368 4,137 38,278 1,114,065 143,125 91,404,020<br />
BalanceswiththeNBC 392,195,356 19,921,508 412,116,864<br />
Balanceswithotherbanks 103,794,500 404,982 21,927,944 1,193,079 124,148 1,013,853 128,458,506<br />
Loansandadvances 844,320,994 1,098,330 845,419,324<br />
Availableforsalefinancialassets 3,000,000 277,228 3,277,228<br />
Otherassets 4,887,870 1,304,647 118,218 2,252 6,799 2,770 6,322,556<br />
Totalfinancialassets 1,426,997,767 33,213,733 22,050,299 1,233,609 2,343,342 1,159,748 1,486,998,498<br />
<br />
Financialliabilities <br />
Depositsfrombanks 67,594,981 2,392,189 2,159 69,989,329<br />
Depositsfromcustomers 1,159,803,735 42,244,360 91 5,204,998 6,038 1,207,259,222<br />
Borrowings 17,913,025 17,913,025<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 23,940,989 744,694 3,841 62,944 6 24,752,474<br />
Totalfinancialliabilities 1,276,332,730 45,381,243 3,932 5,270,101 6,044 1,326,994,050<br />
<br />
Netposition 150,665,037 (12,167,510) 22,050,299 1,229,677 (2,926,759) 1,153,704 160,004,448<br />
<br />
MillionRielequivalent 601,907 (48,609) 88,091 4,913 (11,692) 4,609 639,219<br />
<br />
Creditcommitments 144,859,708 6,533 91,897 144,958,138<br />
<br />
MillionRielequivalent 578,715 26 367 579,108<br />
104<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2. Market risk (connued)<br />
a) Foreign exchange risk(connued)<br />
<br />
(inUS$) Group<br />
US$ Riel RMB EUR THB Other Total<br />
Asat31December2011 <br />
Financialassets <br />
Cashonhand 71,495,187 11,092,863 28,089 4,546,022 133,728 87,295,889<br />
BalanceswiththeNBC 292,354,133 5,914,712 298,268,845<br />
Balanceswithotherbanks 74,708,066 15,281 21,945,953 131,082 671,383 97,471,765<br />
Loansandadvances 720,212,711 1,299,567 721,512,278<br />
Otherassets 5,697,003 5,440 50,442 4,803 5,757,688<br />
Totalfinancialassets 1,164,467,100 17,022,856 21,945,953 164,611 5,896,031 809,914 1,210,306,465<br />
<br />
Financialliabilities <br />
Depositsfrombanks 84,254,101 403,887 625 84,658,613<br />
Depositsfromcustomers 946,103,679 14,174,705 776 5,324,617 965,603,777<br />
Borrowings 18,800,222 474,607 19,274,829<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 16,775,046 146,352 93,445 17,014,843<br />
Totalfinancialliabilities 1,073,013,048 14,724,944 474,607 776 5,418,687 1,093,632,062<br />
<br />
Netposition 91,454,052 2,297,912 21,471,346 163,835 477,344 809,914 116,674,403<br />
<br />
MillionRielequivalent 369,383 9,281 86,723 662 1,928 3,271 471,248<br />
<br />
Creditcommitments 99,024,033 6,352 3,571 99,033,956<br />
<br />
MillionRielequivalent 399,958 26 14 399,998<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 105
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2.Market risk (connued)<br />
a) Foreign exchange risk(connued)<br />
<br />
(inUS$) <strong>Bank</strong><br />
US$ Riel RMB EUR THB Other Total<br />
Asat31December2012 <br />
Financialassets <br />
Cashonhand 78,798,747 11,305,368 4,137 38,278 1,114,065 143,125 91,403,720<br />
BalanceswiththeNBC 392,195,356 18,920,256 411,115,612<br />
Balanceswithotherbanks 103,794,500 404,982 21,927,944 1,193,079 124,148 1,013,853 128,458,506<br />
Loansandadvances 844,320,994 1,098,330 845,419,324<br />
Otherassets 4,887,870 1,304,647 118,218 2,252 6,799 2,770 6,322,556<br />
Totalfinancialassets 1,423,997,467 31,935,253 22,050,299 1,233,609 2,343,342 1,159,748 1,482,719,718<br />
<br />
Financialliabilities <br />
Depositsfrombanks 67,594,981 2,392,189 2,159 69,989,329<br />
Depositsfromcustomers 1,165,379,785 42,244,360 91 5,204,998 6,038 1,212,835,272<br />
Borrowings 17,913,025 17,913,025<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 23,939,064 744,694 3,841 62,944 6 24,750,549<br />
Totalfinancialliabilities 1,281,906,855 45,381,243 3,932 5,270,101 6,044 1,332,568,175<br />
<br />
Netposition 142,090,612 (13,445,990) 22,050,299 1,229,677 (2,926,759) 1,153,704 150,151,543<br />
<br />
MillionRielequivalent 567,652 (53,717) 88,091 4,913 (11,692) 4,609 599,856<br />
<br />
Creditcommitments 144,859,708 6,533 91,897 144,958,138<br />
<br />
MillionRielequivalent 578,715 26 367 579,108<br />
106<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2. Market risk (connued)<br />
a) Foreign exchange risk(connued)<br />
<br />
(inUS$) <strong>Bank</strong><br />
US$ Riel RMB EUR THB Other Total<br />
Asat31December2011 <br />
Financialassets <br />
Cashonhand 71,495,187 11,092,863 28,089 4,546,022 133,728 87,295,889<br />
BalanceswiththeNBC 292,354,133 4,927,789 297,281,922<br />
Balanceswithotherbanks 74,708,066 15,281 21,945,953 131,082 671,383 97,471,765<br />
Loansandadvances 720,212,711 1,299,567 721,512,278<br />
Otherassets 5,697,003 5,440 50,442 4,803 5,757,688<br />
Totalfinancialassets 1,164,467,100 16,035,933 21,945,953 164,611 5,896,031 809,914 1,209,319,542<br />
<br />
Financialliabilities <br />
Depositsfrombanks 84,254,101 403,887 625 84,658,613<br />
Depositsfromcustomers 955,144,221 14,174,705 776 5,324,617 974,644,319<br />
Borrowings 18,800,222 474,607 19,274,829<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 16,759,305 146,352 93,445 16,999,102<br />
Totalfinancialliabilities 1,082,037,849 14,724,944 474,607 776 5,418,687 1,102,656,863<br />
<br />
Netposition 82,429,251 1,310,989 21,471,346 163,835 477,344 809,914 106,662,679<br />
<br />
MillionRielequivalent 332,932 5,295 86,723 662 1,928 3,271 430,811<br />
<br />
Creditcommitments 99,024,033 6,352 3,571 99,033,956<br />
<br />
MillionRielequivalent 399,958 26 14 399,998<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 107
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2. Market risk (Connued)<br />
b) Equity price risk<br />
Equity price risk is the risk that the fair values of<br />
equity instruments will fluctuate as a result of<br />
changes in the levels of equity indices and the<br />
value of individual stocks. The Group is exposed<br />
to equity securies price risk. This arises from<br />
investments held by the Group for which prices<br />
in the future are uncertain. The Group does not<br />
have a policy to manage its price risk.<br />
c) Interest rate risk<br />
Interest rate risk is the risk that the future cash<br />
flows of a financial instrument will fluctuate<br />
because of changes in market interest rates. Fair<br />
value interest rate risk is the risk that the value<br />
of a financial instrument will fluctuate because<br />
of changes in market interest rates. Interest<br />
margins may increase as a result of changes but<br />
may reduce losses in the event that unexpected<br />
movements arise. At this stage, the management<br />
of the Group and the <strong>Bank</strong>do not have a policy<br />
to set limits on the level of mismatch of interest<br />
rate repricing.<br />
The table below summarises the exposures of<br />
the Group and of the <strong>Bank</strong> to interest rate risk.<br />
The assets and liabilies at carrying amount are<br />
categorised by the earlier of contractual repricing<br />
or maturity dates.<br />
108<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2. Market risk (connued)<br />
c) Interest rate risk (connued)<br />
<br />
Group<br />
Upto1month 1to3months 4to12months 1to5years Over5years Noninterest<br />
bearing Total<br />
US$ US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Financialassets <br />
Cashonhand 91,404,020 91,404,020<br />
BalanceswiththeNBC 162,000,000 157,443,695 92,673,169 412,116,864<br />
Balanceswithotherbanks 11,139,455 8,359,174 17,749,315 91,210,562 128,458,506<br />
Loansandadvances 215,217,120 82,197,961 346,314,819 120,106,978 81,582,446 845,419,324<br />
Availableforsalefinancialassets 3,000,000 277,228 3,277,228<br />
Otherassets 6,322,556 6,322,556<br />
388,356,575 90,557,135 346,314,819 123,106,978 256,775,456 281,887,535 1,486,998,498<br />
<br />
Financialliabilities <br />
Depositsfrombanks 37,379,807 7,908,661 16,436,022 819,200 7,445,639 69,989,329<br />
Depositsfromcustomers 532,371,056 151,807,371 415,890,657 37,980,882 69,209,256 1,207,259,222<br />
Borrowings 213,714 17,119,768 579,543 17,913,025<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 24,752,474 24,752,474<br />
569,750,863 159,929,746 449,446,447 39,379,625 7,080,000 101,407,369 1,326,994,050<br />
<br />
Totalinterestraterepricinggap (181,394,288) (69,372,611) (103,131,628) 83,727,353 249,695,456 180,480,166 160,004,448<br />
<br />
MillionRielequivalent (724,670) (277,144) (412,011) 334,491 997,533 721,018 639,217<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 109
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2.Market risk (connued)<br />
c) Interest rate risk (connued)<br />
Group<br />
Upto1month 1to3months 4to12months 1to5years Over5years Noninterest<br />
bearing Total<br />
US$ US$ US$ US$ US$ US$ US$<br />
Asat31December2011 <br />
Financialassets <br />
Cashonhand 87,295,889 87,295,889<br />
BalanceswiththeNBC 144,000,000 126,109,222 28,159,623 298,268,845<br />
Balanceswithotherbanks 45,245 22,839,994 17,911,341 56,675,185 97,471,765<br />
Loansandadvances 185,153,380 38,632,631 299,904,932 162,750,774 35,070,561 721,512,278<br />
Otherassets 5,757,688 5,757,688<br />
329,198,625 61,472,625 299,904,932 162,750,774 179,091,124 177,888,385 1,210,306,465<br />
<br />
Financialliabilities <br />
Depositsfrombanks 30,071,800 18,052,208 22,194,038 300,000 14,040,567 84,658,613<br />
Depositsfromcustomers 431,235,608 118,774,146 318,070,759 37,456,928 5,997,283 54,069,053 965,603,777<br />
Borrowings 213,714 17,688,321 1,372,794 19,274,829<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 17,014,843 17,014,843<br />
461,307,408 137,040,068 357,953,118 39,129,722 13,077,283 85,124,463 1,093,632,062<br />
<br />
Totalinterestraterepricinggap (132,108,783) (75,567,443) (58,048,186) 123,621,052 166,013,841 92,763,922 116,674,403<br />
<br />
MillionRielequivalent (533,587) (305,217) (234,457) 499,305 670,530 374,673 471,247<br />
<br />
110<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2. Market risk (connued)<br />
c) Interest rate risk (connued)<br />
<strong>Bank</strong><br />
Upto1month 1to3months 4to12months 1to5years Over5years Noninterest<br />
bearing Total<br />
US$ US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Financialassets <br />
Cashonhand 91,403,720 91,403,720<br />
BalanceswiththeNBC 162,000,000 157,443,695 91,671,917 411,115,612<br />
Balanceswithotherbanks 11,139,455 8,359,174 17,749,315 91,210,562 128,458,506<br />
Loansandadvances 215,217,120 82,197,961 346,314,819 120,106,978 81,582,446 845,419,324<br />
Otherassets 6,322,556 6,322,556<br />
388,356,575 90,557,135 346,314,819 120,106,978 256,775,456 280,608,755 1,482,719,718<br />
<br />
Financialliabilities <br />
Depositsfrombanks 37,379,807 7,908,661 16,436,022 819,200 7,445,639 69,989,329<br />
Depositsfromcustomers 532,947,106 151,807,371 420,890,657 37,980,882 69,209,256 1,212,835,272<br />
Borrowings 213,714 16,269,768 1,429,543 17,913,025<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 24,750,549 24,750,549<br />
570,326,913 159,929,746 453,596,447 40,229,625 7,080,000 101,405,444 1,332,568,175<br />
<br />
Totalinterestraterepricinggap (181,970,338) (69,372,611) (107,281,628) 79,877,353 249,695,456 179,203,311 150,151,543<br />
<br />
MillionRielequivalent (726,972) (277,144) (428,590) 319,110 997,533 715,917 599,854<br />
<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 111
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.2.Market risk (connued)<br />
c) Interest rate risk (connued)<br />
<strong>Bank</strong><br />
Upto1month 1to3months 4to12months 1to5years Over5years Noninterest<br />
bearing Total<br />
US$ US$ US$ US$ US$ US$ US$<br />
Asat31December2011 <br />
Financialassets <br />
Cashonhand 87,295,889 87,295,889<br />
BalanceswiththeNBC 144,000,000 126,109,222 27,172,700 297,281,922<br />
Balanceswithotherbanks 45,245 22,839,994 17,911,341 56,675,185 97,471,765<br />
Loansandadvances 185,153,380 38,632,631 299,904,932 162,750,774 35,070,561 721,512,278<br />
Otherassets 5,757,688 5,757,688<br />
329,198,625 61,472,625 299,904,932 162,750,774 179,091,124 176,901,462 1,209,319,542<br />
<br />
Financialliabilities <br />
Depositsfrombanks 30,071,800 18,052,208 22,194,038 300,000 14,040,567 84,658,613<br />
Depositsfromcustomers 440,276,150 118,774,146 318,070,759 37,456,928 5,997,283 54,069,053 974,644,319<br />
Borrowings 213,714 17,688,321 1,372,794 19,274,829<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 16,999,102 16,999,102<br />
470,347,950 137,040,068 357,953,118 39,129,722 13,077,283 85,108,722 1,102,656,863<br />
<br />
Totalinterestraterepricinggap (141,149,325) (75,567,443) (58,048,186) 123,621,052 166,013,841 91,792,740 106,662,679<br />
<br />
MillionRielequivalent (570,102) (305,217) (234,457) 499,305 670,530 370,751 430,810<br />
<br />
112<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.3. Liquidity risk<br />
Liquidity risk is the risk that the Group and the<br />
<strong>Bank</strong> are unable to meet its payment obligaons<br />
associated with its financial liabilies when they<br />
fall due and to replace funds when they are<br />
withdrawn. The consequence of this may be the<br />
failure to meet obligaons to repay depositors<br />
and fulfil commitments to lend.<br />
a) Liquidity risk management process<br />
Management monitors balance sheet liquidity<br />
and manage the concentraon and profile of debt<br />
maturies. Monitoring and reporng, taking the<br />
form of daily cash posion and projecon for the<br />
next day, week and month respecvely, are key<br />
periods for liquidity management. In addion,<br />
management monitors the movement of main<br />
depositors and projecon of their withdrawals.<br />
b) Funding approach<br />
The Group’s and <strong>Bank</strong>’s main sources of liquidity<br />
arise from shareholder’s paid-up capital,<br />
customers’ deposits and borrowings. The<br />
sources of liquidity are regularly reviewed by<br />
management through review of maturity of term<br />
deposits and the key depositors.<br />
c) Non-derivave cash flows<br />
The table below presents the cash flows of the<br />
financial instruments by the Group and the <strong>Bank</strong><br />
by remaining contractual maturies at the<br />
balance sheet date. The amounts disclosed in the<br />
table are the contractual undiscounted cash<br />
flows, whereas the Group and the <strong>Bank</strong> manage<br />
the inherent liquidity risk based on expected<br />
undiscounted cash flows.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 113
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.3.Liquidity risk(connued)<br />
c) Non-derivave cash flows(connued)<br />
<br />
Group<br />
Upto1month 1to3months 4to12months 1to5years Over5years Total<br />
US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Financialassets <br />
Cashonhand 91,404,020 91,404,020<br />
BalanceswiththeNBC 253,677,996 158,438,868 412,116,864<br />
Balanceswithotherbanks 92,917,248 13,426,590 1,690,586 928,884 20,857,944 129,821,252<br />
Loansandadvances 104,044,842 135,817,695 482,134,016 146,537,168 143,749,871 1,012,283,592<br />
Availableforsalefinancialassets 277,228 150,000 3,150,000 3,577,228<br />
Otherassets 6,322,556 6,322,556<br />
Totalfinancialassetsbyremainingcontractualmaturities 548,643,890 149,244,285 483,974,602 150,616,052 323,046,683 1,655,525,512<br />
<br />
Financialliabilities <br />
Depositsfrombanks 47,444,750 7,048,556 16,353,633 70,846,939<br />
Depositsfromcustomers 606,642,581 151,576,445 428,818,475 39,711,790 1,226,749,291<br />
Borrowings 225,063 316,224 5,386,776 16,739,050 22,667,113<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 24,752,474 24,752,474<br />
Totalfinancialliabilitiesbyremainingcontractualmaturities 678,839,805 158,850,064 445,488,332 45,098,566 23,819,050 1,352,095,817<br />
<br />
Netliquiditysurplus/(gap) (130,195,915) (9,605,779) 38,486,270 105,517,486 299,227,633 303,429,695<br />
<br />
MillionRielequivalent (520,133) (38,375) 153,753 421,542 1,195,414 1,212,201<br />
114<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.3.Liquidity risk(connued)<br />
c) Non-derivave cash flows(connued)<br />
<br />
Group<br />
Upto1month 1to3months 4to12months 1to5years Over5years Total<br />
US$ US$ US$ US$ US$ US$<br />
Asat31December2011 <br />
Financialassets <br />
Cashonhand 87,295,889 87,295,889<br />
BalanceswiththeNBC 286,281,922 11,986,923 298,268,845<br />
Balanceswithotherbanks 56,720,430 22,839,994 17,911,341 97,471,765<br />
Loansandadvances 185,153,380 38,632,631 299,904,932 162,750,774 35,070,561 721,512,278<br />
Otherassets 5,757,688 5,757,688<br />
Totalfinancialassetsbyremaining<br />
contractualmaturities 621,209,309 61,472,625 299,904,932 162,750,774 64,968,825 1,210,306,465<br />
<br />
Financialliabilities <br />
Depositsfrombanks 44,112,367 18,052,208 22,194,038 300,000 84,658,613<br />
Depositsfromcustomers 485,304,660 118,774,146 318,070,760 37,456,928 5,997,283 965,603,777<br />
Borrowings 213,714 213,714 1,372,794 17,474,607 19,274,829<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 17,014,843 17,014,843<br />
Totalfinancialliabilitiesbyremaining<br />
contractualmaturities 546,431,870 137,040,068 340,478,512 39,129,722 30,551,890 1,093,632,062<br />
<br />
Netliquiditysurplus/(gap) 74,777,439 (75,567,443) (40,573,580) 123,621,052 34,416,935 116,674,403<br />
<br />
MillionRielequivalent 302,026 (305,217) (163,877) 499,305 139,010 471,247<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 115
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.3.Liquidity risk(connued)<br />
c) Non-derivave cash flows(connued)<br />
<strong>Bank</strong><br />
Upto1month 1to3months 4to12months 1to5years Over5years Total<br />
US$ US$ US$ US$ US$ US$<br />
Asat31December2012 <br />
Financialassets <br />
Cashonhand 91,403,720 91,403,720<br />
BalanceswiththeNBC 253,677,996 157,437,616 411,115,612<br />
Balanceswithotherbanks 92,917,248 13,426,590 1,690,586 928,884 20,857,944 129,821,252<br />
Loansandadvances 104,044,842 135,817,695 482,134,016 146,537,168 143,749,871 1,012,283,592<br />
Otherassets 6,322,556 6,322,556<br />
Totalfinancialassetsbyremaining<br />
contractualmaturities 548,366,362 149,244,285 483,824,602 147,466,052 322,045,431 1,650,946,732<br />
<br />
Financialliabilities <br />
Depositsfrombanks 47,444,750 7,048,556 16,353,633 70,846,939<br />
Depositsfromcustomers 606,942,581 151,576,445 433,818,475 39,711,790 1,232,049,291<br />
Borrowings 225,063 316,224 5,386,776 16,739,050 22,667,113<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 24,750,549 24,750,549<br />
Totalfinancialliabilitiesbyremaining<br />
contractualmaturities 679,137,880 158,850,064 450,488,332 45,098,566 23,819,050 1,357,393,892<br />
<br />
Netliquiditysurplus/(gap) (130,771,518) (9,605,779) 33,336,270 102,367,486 298,226,381 293,552,840<br />
<br />
MillionRielequivalent (522,432) (38,375) 133,178 408,958 1,191,414 1,172,743<br />
116<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.3.Liquidity risk(connued)<br />
c) Non-derivave cash flows(connued)<br />
<br />
<strong>Bank</strong><br />
Upto1month 1to3months 4to12months 1to5years Over5years Total<br />
US$ US$ US$ US$ US$ US$<br />
Asat31December2011 <br />
Financialassets <br />
Cashonhand 87,295,889 87,295,889<br />
BalanceswiththeNBC 171,172,700 126,109,222 297,281,922<br />
Balanceswithotherbanks 56,720,430 22,839,994 17,911,341 97,471,765<br />
Loansandadvances 185,153,380 38,632,631 299,904,932 162,750,774 35,070,561 721,512,278<br />
Otherassets 5,757,688 5,757,688<br />
Totalfinancialassetsbyremaining<br />
contractualmaturities 506,100,087 61,472,625 299,904,932 162,750,774 179,091,124 1,209,319,542<br />
<br />
Financialliabilities <br />
Depositsfrombanks 44,112,367 18,052,208 22,194,038 300,000 84,658,613<br />
Depositsfromcustomers 494,345,203 118,774,146 318,070,759 37,456,928 5,997,283 974,644,319<br />
Borrowings 213,714 213,714 1,372,794 17,474,607 19,274,829<br />
Subordinateddebt 7,080,000 7,080,000<br />
Otherliabilities 13,007,761 1,098,889 2,892,452 16,999,102<br />
Totalfinancialliabilitiesbyremaining<br />
contractualmaturities 551,465,331 138,138,957 343,370,963 39,129,722 30,551,890 1,102,656,863<br />
<br />
Netliquiditysurplus/(gap) (45,365,244) (76,666,332) (43,466,031) 123,621,052 148,539,234 106,662,679<br />
<br />
MillionRielequivalent (183,230) (309,655) (175,559) 499,305 599,950 430,811<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 117
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.3. Liquidity risk (connued)<br />
d) Off-balance sheet items<br />
i. Loan commitments<br />
The contractual maturity dates of the Group and<br />
the <strong>Bank</strong>’s off-balance sheet financial instruments<br />
with commitment to extend credit to customers<br />
and other facilies are summarised in the table<br />
below.<br />
ii. Other financial facilies<br />
Other financial facilies are also included below<br />
based on the earliest contractual date.<br />
iii. Operang lease commitments<br />
Where the <strong>Bank</strong> is the lessee, the future minimum<br />
lease payments under non-cancellable operang<br />
leases are summarised in the table below.<br />
All commitments of the Group and the <strong>Bank</strong>, as<br />
disclosed in Note 32, are summarised in the table<br />
below.<br />
<br />
Nolaterthan<br />
1year<br />
1to5<br />
year Over5years Total<br />
Asat31December2012<br />
<br />
Unusedportionofapprovedcreditfacilities 110,350,709 110,350,709<br />
Acceptancesandother<br />
financialfacilities 33,893,892 713,538 34,607,430<br />
Operatingleasecommitments 680,296 2,240,529 3,267,913 6,188,738<br />
<br />
144,924,897 2,954,067 3,267,913 151,146,877<br />
<br />
MillionRielequivalent 578,975 11,801 13,055 603,831<br />
<br />
Asat31December2011<br />
<br />
Unusedportionofapprovedcreditfacilities 85,798,082 85,798,082<br />
Acceptancesandother<br />
financialfacilities 12,393,874 842,000 13,235,874<br />
Operatingleasecommitments 784,691 1,901,274 3,742,027 6,427,992<br />
<br />
98,976,647 2,743,274 3,742,027 105,461,948<br />
<br />
MillionRielequivalent 399,767 11,080 15,114 425,961<br />
<br />
118<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.4. Fair value of financial assets and liabilies<br />
As at the balance sheet date, the fair values of<br />
financial instruments of the Group and of the<br />
<strong>Bank</strong> approximate their carrying amounts.<br />
The esmated fair values are based on the<br />
following methodologies and assumpons:<br />
(i) Balances with the NBC and other banks<br />
The carrying amounts of balances with the NBC<br />
and other banks approximate their fair values,<br />
since these accounts consist mostly of current,<br />
savings and short-term deposits.<br />
(ii) Loans and advances<br />
Loans and advances are stated, net of<br />
unamorsed loan commitment fees less any<br />
amounts wrien off and allowance for losses on<br />
loans and advances as determined based on the<br />
requirements of the relevant the NBC’s Prakas.<br />
(iii) Available-for-sale financial assets<br />
The fair value of equity securies is based on<br />
quoted market prices at the reporng date.<br />
(iv) Deposits from banks and customers<br />
The fair values of deposit from customers and<br />
deposits from banks approximate their carrying<br />
amounts. The esmated fair value of deposits<br />
with no stated maturies, which include<br />
non-interest earning deposits, is the amount<br />
repayable on demand.<br />
Deposits with fixed interest are not quoted in<br />
acve market and are short-term. Their fair value<br />
approximates the carrying amount.<br />
(v) Borrowings and subordinated debt<br />
Borrowings and subordinated debt are not<br />
quoted in acve market and their fair value<br />
approximates their carrying amount.<br />
(vi) Other financial assets and liabilies<br />
The carrying amounts of other financial assets<br />
and liabilies are assumed to approximate their<br />
fair values as these items are not materially<br />
sensive to the shi in market interest rates.<br />
The fair value of debt securies not quoted in<br />
any acve market is based on the redempon<br />
offer leer issued by the issuer of the bonds the<br />
Company acquired and held.<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 119
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER 2012<br />
34.FINANCIAL RISK MANAGEMENT (connued)<br />
34.4. Capital management<br />
The <strong>Bank</strong>’s objecves when managing capital,<br />
which is a broader concept than the ‘equity’ on<br />
the face of balance sheet, are:<br />
• To comply with the capital requirement set<br />
by the NBC;<br />
• To safeguard the <strong>Bank</strong>’s ability to connue<br />
as a going concern so that it can connue to<br />
provide return for shareholder and benefits<br />
for other stakeholders; and<br />
• To maintain a strong capital base to support<br />
the development of business.<br />
The NBC requires all commercial banks to i) hold<br />
a minimum capital requirement, ii) maintain the<br />
<strong>Bank</strong>’s net worth at least equal to the minimum<br />
capital, and iii) comply with solvency, liquidity<br />
and other prudenal raos.<br />
The table below summarises the composion of<br />
the <strong>Bank</strong>’s regulatory capital:<br />
2012 2011<br />
US$ MillionRiel US$ MillionRiel<br />
<br />
Sharecapital 130,000,000 519,350 110,000,000 444,290<br />
Reserves 15,050,777 60,128 <br />
Retainedearnings 56,366,489 225,184 43,972,296 177,604<br />
<br />
201,417,266 804,662 153,972,296 621,894<br />
<br />
Less:Intangibleassets (349,736) (1,397) (333,805) (1,348)<br />
Loanstorelatedparties (239,140) (955) (248,481) (1,004)<br />
Investmentsinfinancialinstitutions (10,183,988) (40,686) (10,025,000) (40,491)<br />
Add:Generalprovision 8,303,180 33,171 6,719,670 27,141<br />
Subordinateddebt 7,080,000 28,285 7,080,000 28,596<br />
<br />
206,027,582 823,080 157,164,680 634,788<br />
<br />
35. EVENTS AFTER THE REPORTING PERIOD<br />
On 23 February 2013, the <strong>Bank</strong> injected addional capital of US$841,600 to increase its investment in<br />
subsidiary to US$11,000,000.<br />
120<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
CORPORATE CONTACT INFORMATION<br />
Name in Khmer: FnaKar kaNaDIya: k>G<br />
Name in Chinese:<br />
Name in English: CANADIA BANK PLC (“CNB”)<br />
Legal Representave: Pung Kheav Se<br />
<strong>Bank</strong>’s license: indefinite period<br />
Registered Address of Head Office: No315, Ang<br />
Duong St. ⊥ Monivong Blvd., Sangkat Wat Phnom,<br />
Khan Daun Penh, Phnom Penh, Cambodia.<br />
Tel: 023-868 222<br />
E-mail: info@canadiabank.com.kh<br />
Website: www.canadiabank.com<br />
OLYMPIC BRANCH<br />
BATTAMBANG BRANCH<br />
#394, Preah Sihanouk Blvd., Phnom Penh,<br />
Cambodia.<br />
Tel : (855) 23 218 397/378, 23 720 492/503<br />
HP : (855) 11 807 998 / 17 662 415<br />
Fax: (855) 23 218 395<br />
Email: canadia.ob@canadiabank.com.kh<br />
#11-13, the North of Phsar Nat, Prekmohatep<br />
Village, Sangkat Svaypor, Krong Baambang,<br />
Baambang Province, Cambodia.<br />
Tel : (855) 53 952 267<br />
HP : (855) 92 564 418 / 17 959 543<br />
Fax: (855) 53 952 005 / 730 666<br />
Email: canadia.bb@canadiabank.com.kh<br />
SIHANOUK VILLE BRANCH<br />
KAMPONG CHAM BRANCH<br />
#197, Ekareach St., Group 7, 2 Village, Sangkat 2,<br />
Sihanouk Province, Cambodia.<br />
Tel : (855) 34 933 490 / 934 284<br />
HP : (855) 12 648 164 / 97 710 1818<br />
Fax: (855) 34 933 697<br />
Email: canadia.sb@canadiabank.com.kh<br />
Monivong St., 7 Village, Sangkat Kampong<br />
Cham, Krong Kampong Cham, Kampong<br />
Cham Province, Cambodia.<br />
Tel : (855) 42 941 361 / 638 8801<br />
HP : (855) 12 848 672 / 97 791 5846<br />
Fax: (855) 42 941 360<br />
Email: canadia.kc@canadiabank.com.kh<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 121
CORPORATE CONTACT INFORMATION<br />
CHARLES DE GAULLE BRANCH<br />
POI PET BRANCH<br />
#126, Charles De Gaulle Blvd., Sangkat Oresey<br />
4, Khan 7 Makara, Phnom Penh, Cambodia.<br />
Tel : (855) 23 214 668 / 23 214 898<br />
HP : (855) 16 666 005 / 88 44 77778<br />
Fax: (855) 23 222 809<br />
Email: canadia.cg@canadiabank.com.kh<br />
Naonal Road #5, Kbal Spean Village, Sangkat<br />
Poipet, Krong Poipet, Banteay Meanchey<br />
Province, Cambodia.<br />
Tel : (855) 54 967 107 / 54 710 266<br />
HP : (855) 12 757 588 / 97 760 1818<br />
Fax: (855) 65 967 104<br />
Email: canadia.pb@canadiabank.com.kh<br />
PAILIN BRANCH<br />
KAMPOT BRANCH<br />
#215, Badenneav Village, Sangkat Pailin,<br />
Krong Pailin, Pailin Province, Cambodia.<br />
Tel : (855) 055 956 021 / 055 956 019<br />
HP : (855) 97 755 323 / 17 928 585<br />
Fax: (855) 055 956 020<br />
Email: canadia.pl@canadiabank.com.kh<br />
#33, Angkor St., Kampong Bay South Village,<br />
Sangkat Kampong Bay, Krong Kampot, Kampot<br />
Province, Cambodia.<br />
Tel : (855) 33 932 392 / 33 932 593<br />
HP : (855) 11 557 722 / 97 762 1818<br />
Fax: (855) 33 392 391<br />
Email: canadia.kp@canadiabank.com.kh<br />
SIEM REAP “SKY” BRANCH<br />
SORYA BRANCH<br />
Sivutha St., Mondol 1 Village, Sangkat Svay<br />
Dangkum, Krong Siem Reap, Siem Reap<br />
Province, Cambodia.<br />
Tel : (855) 63 964 808 / 63 761 950 / 63 761 905<br />
HP : (855) 92 919 178 / 12 316 106<br />
Fax: (855) 63 964 809 / 804<br />
Email: canadia.sr@canadiabank.com.kh<br />
Sorya Shopping Centre, #13-16, Trasok Pa-Em<br />
St., Sangkat Phsar Thmey 1, Khan Daun Penh,<br />
Phnom Penh, Cambodia.<br />
Tel : (855) 23 220 311 / 23 220 367 / 23 220 312<br />
HP : (855) 12 570 052 / 16 777 225<br />
Fax: (855) 23 220 313<br />
Email: canadia.ss@canadiabank.com.kh<br />
122<br />
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CORPORATE CONTACT INFORMATION<br />
BANTEAY MEANCHEY BRANCH<br />
KAMPONG CHHNANG BRANCH<br />
#15-18, 3 Village, Sangkat Preah Ponlea, Krong<br />
Serey Sorphorn, Banteay Meanchey Province,<br />
Cambodia.<br />
Tel : (855) 54 958 989 / 54 958 969<br />
HP : (855) 16 530 013 / 97 790 1818<br />
Fax: (855) 54 710 263<br />
Email: canadia.bm@canadiabank.com.kh<br />
Naonal Road #5, Lor Teuk Trey Village, Sangkat<br />
Kampong Chhnang, Krong Kampong Chhnang,<br />
Kampong Chhnang Province, Cambodia.<br />
Tel : (855) 26 770 017 / 26 770 018<br />
HP : (855) 16 870 248 / 12 980 665<br />
Fax: (855) 26 770 027<br />
Email: canadia.kn@canadiabank.com.kh<br />
POCHENTONG BRANCH<br />
NEAK LOEUNG BRANCH<br />
#327, Russian Federaon Blvd., Sangkat Kakap,<br />
Khan Dangkor, Phnom Penh, Cambodia.<br />
Tel : (855) 23 890 805<br />
HP : (855) 12 777 450 / 12 756 409<br />
Fax: (855) 23 890 807<br />
Email: canadia.pt@canadiabank.com.kh<br />
#255-257, 4 Village , Preak Ksay “B” Commune,<br />
Srok Peam Ror, Prey Veng Province, Cambodia.<br />
Tel : (855) 43 750 222<br />
HP : (855) 12 503 838 / 97 222 0183<br />
Fax: (855) 43 750 223<br />
Email: canadia.nl@canadiabank.com.kh<br />
TAKHMAO BRANCH<br />
STAT CHAS BRANCH<br />
#2, St. 204, Takhmao Village, Sangkat Takhmao,<br />
Khan Takhmao, Kandal Province, Cambodia.<br />
Tel : (855) 023 425 885 / 23 425 886<br />
HP : (855) 16 883 802 / 12 688 456<br />
Fax: (855) 23 425 887<br />
Email: canadia.tk@canadiabank.com.kh<br />
#A15, St. 93 ⊥70⊥900, Sangkat Sras Chork,<br />
Khan Daun Penh, Phnom Penh, Cambodia.<br />
Tel : (855) 23 427 217 / 23 427 225<br />
HP : (855) 12 251 333 / 12 507 104<br />
Fax: (855) 23 427 226<br />
Email:canadia.sc@canadiabank.com.kh<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 123
CORPORATE CONTACT INFORMATION<br />
SOVANNA BRANCH<br />
CHENLA BRANCH<br />
Sovanna Shopping Centre, #307-309, St. 271,<br />
Golden City, Sangkat Tumnupteuk, Khan<br />
Chamkamorn, Phnom Penh, Cambodia.<br />
Tel : (855) 23 214 129 / 23 214 130<br />
HP : (855) 12 665 998<br />
Fax: (855) 23 215 125<br />
Email: canadia.sv@canadiabank.com.kh<br />
Mao Tse Tung Blvd.⊥, Preah Monireth Blvd.,<br />
Sangkat Phsar Deaum Kor, Khan Tuol Kork,<br />
Phnom Penh, Cambodia.<br />
Tel : (855) 23 880 619 / 23 880 620<br />
HP : (855) 12 451 008 / 15 767 798<br />
Fax: (855) 23 880 621<br />
Email: canadia.cl@canadiabank.com.kh<br />
SIEM REAP “PHSAR LEU” BRANCH<br />
PHSAR HENG LY BRANCH<br />
#107-108, Banteaychas Village, Sangkat Slorkram,<br />
Krong Siem Reap, Siem Reap Province, Cambodia.<br />
Tel : (855) 63 966 806 / 63 966 807<br />
HP : (855) 12 929 876 / 97 831 1818<br />
Fax: (855) 63 760 542<br />
Email: canadia.srpl@canadiabank.com.kh<br />
#27B, St. 271, Sangkat Teuk Thla, Khan Sen<br />
Sok, Phnom Penh, Cambodia.<br />
Tel : (855) 23 880 316 / 23 880 317<br />
HP : (855) 15 347 505 / 12 696 992<br />
Fax: (855) 23 880 319<br />
Email: canadia.hl@canadiabank.com.kh<br />
KBAL THNAL BRANCH<br />
TUOL KORK BRANCH<br />
#480, Phsar Kbal Thnal, Naonal Road #2,<br />
Sangkat Chak Angre Leu, Khan Meanchey,<br />
Phnom Penh, Cambodia.<br />
Tel : (855) 23 222 768<br />
HP : (855) 12 646 474 / 97 709 1818<br />
Fax: (855) 23 222 144<br />
Email: canadia.kb@canadiabank.com.kh<br />
#101F, St. 289, Khan Tuol Kork, Sangkat<br />
Boeung Kok 1, Phnom Penh, Cambodia.<br />
Tel : (855) 23 880 492 / 23 880 495<br />
HP : (855) 12 307 977 / 88 312 5555<br />
Fax: (855) 23 880 427<br />
Email: canadia.tu@canadiabank.com.kh<br />
124<br />
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CORPORATE CONTACT INFORMATION<br />
PURSAT BRANCH<br />
TAKEO BRANCH<br />
Naonal Road #5, Ra Village, Sangkat Svay Art,<br />
Krong Pursat, Pursat Province, Cambodia.<br />
Tel : (855) 52 740 287 / 52 740 288<br />
HP : (855) 97 755 5322 / 17 347 487<br />
Fax: (855) 52 740 289<br />
Email: canadia.ps@canadiabank.com.kh<br />
#91, Naonal Road #2, Lori Village, Sangkat<br />
Roka Khnong, Krong Daun Keo, Takeo Province,<br />
Cambodia.<br />
Tel : (855) 32 931 111<br />
HP : (855) 16 935 217 / 88 8935 217<br />
Fax: (855) 32 931 166<br />
Email: canadia.ta@canadiabank.com.kh<br />
SUON OUSAHAKAM BRANCH<br />
KRATIE BRANCH<br />
Veng Sreng St., Trapeang Kloeung Village,<br />
Sangkat Chomchao, Khan Dongkor, Phnom<br />
Penh, Cambodia.<br />
Tel : (855) 23 865 257 / 23 865 258<br />
HP : (855) 12 232 471 / 16 897 398<br />
Fax: (855) 23 865 251<br />
Email: canadia.sk@canadiabank.com.kh<br />
#427, Suramarith Blvd., Krae Village,<br />
Sangkat Krae, Krong Krae, Krae Province,<br />
Cambodia.<br />
Tel : (855) 72 971 222<br />
HP : (855) 17 887 070 / 12 883 115<br />
Fax: (855) 72 917 234<br />
Email: canadia.kr@canadiabank.com.kh<br />
CHBAR AMPOV BRANCH<br />
SUONG BRANCH<br />
#570AB, Naonal Road #1, Sangkat Chbar<br />
Ampov2, Khan Meanchey, Phnom Penh,<br />
Cambodia.<br />
Tel : (855) 23 720 068 / 23 720 070<br />
HP : (855) 12 736 567 / 12 453 110<br />
Fax: (855) 23 720 069<br />
Email: canadia.ca@canadiabank.com.kh<br />
Naonal Road #7,Phum Suong Lech, Sangkat<br />
Suong, Krong Suong, Kampong Cham Province,<br />
Cambodia.<br />
Tel : (855) 42 680 1111 / 42 680 1112<br />
HP : (855) 12 855 553 / 15 838 078<br />
Fax: (855) 42 680 1113<br />
Email: canadia.su@canadiabank.com.kh<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 125
CORPORATE CONTACT INFORMATION<br />
MEMOT BRANCH<br />
BAVET BRANCH<br />
Naonal Road #7,Phum Memot Phsar,<br />
Khum Memot, Srok Memot, Kampong Cham<br />
Province, Cambodia.<br />
Tel : (855) 42 680 2222 / 42 680 2223<br />
HP : (855) 11 219 080 / 16 938 898<br />
Fax: (855) 42 680 2224<br />
Email: canadia.mm@canadiabank.com.kh<br />
Naonal Road #1, Phum Bavet Kandal, Sangkat<br />
Bavet, Krong Bavet, Svay Rieng Province,<br />
Cambodia.<br />
Tel : (855) 44 715 031 / 44 715 032<br />
HP : (855) 16 817 272 / 88 878 7877<br />
Fax: (855) 44 715 033<br />
Email: canadia.bv@canadiabank.com.kh<br />
THMOR KOL BRANCH<br />
MAUNG RUSSEY BRANCH<br />
#19-20, Group 30, Phum Poiyung, Khum Tapoung,<br />
Srok Thmor Kol, Baambang Province, Cambodia.<br />
Tel : (855) 53 690 1111 / 53 690 2222<br />
HP : (855) 12 736 062 / 97 759 1818<br />
Fax: (855) 53 211 132<br />
Email: canadia.tm@canadiabank.com.kh<br />
Naonal Road #5, Phum Kansai Kantheay,<br />
Khum Maung, Srok Maung Russey, Baambang<br />
Province, Cambodia.<br />
Tel : (855) 53 217 233<br />
HP : (855) 16 540 000 / 17 657 665<br />
Fax: (855) 53 217 226<br />
Email: canadia.mr@canadiabank.com.kh<br />
SKUN BRANCH<br />
KAMBOL BRANCH<br />
Naonal Road #6, Phum Pana, khum Sotep,<br />
Srok Cheung Prey, Kampong Cham Province,<br />
Cambodia.<br />
Tel : (855) 42 680 0062 / 42 680 0063<br />
HP : (855) 97 712 1818 / 12 474 044<br />
Fax: (855) 42 681 5001<br />
Email: canadia.sn@canadiabank.com.kh<br />
Naonal road 4 (P.P Special Economic Zone)<br />
Phun Tro Pang Kol Sangkat Kon Tork, Kan<br />
Dangkor, Phnom Penh, Cambodia.<br />
Tel : (855) 23 968 787 / 23 968 788<br />
HP : (855) 12 522 933 / 97 886 5586<br />
Fax: (855) 23 968 786<br />
Email: kambol.br@canadiabank.com.kh<br />
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CORPORATE CONTACT INFORMATION<br />
KAMPONG THOM BRANCH<br />
KAMPONG SPEU BRANCH<br />
Naonal Road 6, Phum II, Sangkat Kampong<br />
Thom, Krong Stung Sen, Kampong Thom<br />
Province, Cambodia.<br />
Tel : (855) 62 961 787 / 62 961 788<br />
HP : (855) 88 555 7 999 / 12 916 833<br />
Fax: (855) 62 961 786<br />
Email: kampongthom.br@canadiabank.com.kh<br />
Phum Krangpultep, Sangkat Rokathom, Krong<br />
Chbamorn, Kampong Speu Province, Cambodia<br />
Tel : (855) 25 210 222 / 25 210 211<br />
HP : (855) 97 666 9988 / 16 669 988<br />
Fax: (855) 25 210 207<br />
Email: kampongspeu.br@canadiabank.com.kh<br />
KOH KONG BRANCH<br />
RATANAKIRI BRANCH<br />
Phum Ii, Sangkat Smach Men Chey, Krong<br />
Khemerak Phum Men, Koh Kong Province,<br />
Cambodia.<br />
Tel : (855) 35 936 787 / 35 936 788<br />
HP : (855) 16 944498 / 11 600 183<br />
Fax: (855) 35 936 786<br />
Email: kohkong.br@canadiabank.com.kh<br />
Phum 1, Sangkat Labanseak, Krong Banlung,<br />
Ratanakkiri Province, Cambodia.<br />
Tel : (855) 75 974 158 / 75 974 159<br />
HP : (855) 11 778 815 / 92 713 729<br />
Fax: (855) 75 974 160<br />
Email: ratanakiri.br@canadiabank.com.kh<br />
STUNGTRENG BRANCH<br />
SANTHOR MOK BRANCH<br />
Phum Kandal, Sangkat Stungtreng, Krong<br />
Stungtreng. Stungtreng Province, Cambodia.<br />
Tel : (855) 74 973 787 / 74 973 788<br />
HP : (855) 12 940 509 / 97 634 7835<br />
Fax: (855) 74 973 889<br />
Email: stungtreng.br@canadiabank.com.kh<br />
#741, Kampuchea Krom Blvd., Sangkat<br />
Toek Laak1, Khan Tuol Kork, Phnom Penh,<br />
Cambodia.<br />
Tel : (855) 23 885 717 / 23 885 718<br />
HP : (855) 17 789 998 / 16 897 398<br />
Fax: (855) 023-885716<br />
Email: santhormok.br@canadiabank.com.kh<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 127
CORPORATE CONTACT INFORMATION<br />
TUOL SVAY PREY BRANCH<br />
VIMEAN EKAREACH<br />
#772, St. 360, Sangkat Boeng Keng Kang3,<br />
Khan Chamkarmorn, Phnom Penh, Cambodia.<br />
Tel : (855) 23 216 238 / 23 216 239<br />
HP : (855) 016 358 566 / 97 222 0183<br />
Fax: (855) 023 216 237<br />
Email: tuolsvayprey.br@canadiabank.com.kh<br />
#138D, Preah Norodom Blvd, Sangkat Tonle<br />
Bassac, Khan Chamkarmorn, Phnom Penh,<br />
Cambodia.<br />
Tel : (855) 023 212 737 / 023 212 736<br />
HP : (855) 92 611 168 / 12 990 398<br />
Fax: (855) 23 212 735<br />
Email: vimean-ekareach.br@canadiabank.com.kh<br />
TOUL TOMPOUNG<br />
CHAK ANGRE<br />
#108CD, Mao Tse Tong Blvd, Sangkat Toul<br />
Tompoung II, Khan Chamkarmorn, Phnom<br />
Penh, Cambodia.<br />
Tel : (855) 23 212 779 / 23 212 778<br />
HP : (855) 12 696 992 / 092 499 999<br />
Fax: (855) 23 212 780<br />
Email: toul-tumpoung.br@canadiabank.comcomkh<br />
#1515, Naonal Road 2, Phum Toul Rorka,<br />
Sangkat Chak Ang Re Rkom, Khan Meanchey,<br />
Phnom Penh, Cambodia.<br />
Tel : (855) 23 424 277 / 23 425 276<br />
HP : (855) 12 222 810 / 92 779 968<br />
Fax: (855) 23 425 275<br />
Email: chak-angre.br@canadiabank.com.kh<br />
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Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong>
BRANCH NETWORK<br />
Your Best Partner !<br />
Oddar Meanchey<br />
Preah Vihear<br />
Banteay<br />
Meanchey<br />
Siem Reap<br />
(Opening Soon)<br />
Stung Treng<br />
Ratanakiri<br />
Pailin<br />
Battambang<br />
Kampong Thom<br />
Kratie<br />
Mondul Kiri<br />
(Opening Soon)<br />
Pursat<br />
Kampong<br />
Chhnang<br />
Kampong Cham<br />
Koh Kong<br />
Kampong<br />
Speu<br />
Phnom<br />
Penh<br />
Kondal<br />
Prey<br />
Veng<br />
Svay<br />
Rieng<br />
* <strong>Canadia</strong> <strong>Bank</strong>’s Network:<br />
- 48 Branches Nationwide<br />
- 80 ATM Locations<br />
Kampot<br />
Takeo<br />
<strong>Canadia</strong> <strong>Bank</strong> Services:<br />
Consumer Deposit accounts<br />
Business Deposit Accounts<br />
Credit & Debit Cards<br />
Housing Loans<br />
Cash Settlement<br />
Security Trading<br />
Consumer Loans<br />
Business Loans<br />
Private <strong>Bank</strong>ing<br />
Trade Services<br />
Foreign Exchange<br />
Other Financial Services<br />
Local & International Remittances<br />
Payroll Services<br />
<strong>Bank</strong>ers Guarantee<br />
Real Estate Brokerage & Trustee Services<br />
Annual Report 2012 <strong>Canadia</strong> <strong>Bank</strong> 129
No. 315, Ang Doung St. (Corner of Monivong Blvd.),<br />
Khan Daun Penh, Phnom Penh, Cambodia.<br />
Tel: (855) 23 - 868 222 Telex: CANADIA KA 36188<br />
Fax: (855) 23 - 427 064 SWIFT: CADI KH PP<br />
info@canadiabank.com.kh www.canadiabank.com.kh
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