asia-pacific development bank
TRANSCRIPT
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
CONTENTS Pages
CEO Statement ..................................................................................................................... 1
Corporate Information ........................................................................................................... 2
Vision, Mission and Core Value ............................................................................................ 3
Organization Chart ............................................................................................................... 4
Management Team .......................................................................................................... 5 - 8
Audited Financial Statements in accordance with Cambodian International Financial Reporting Standards
Report of The Board Of Directors .................................................................................. 9 - 12 Independent Auditorβs Report ...................................................................................... 13 - 15 Statement of Financial Position .......................................................................................... 16 Statement of Profit Or Loss And Other Comprehensive Income ........................................ 17 Statement of Changes In Equity .................................................................................. 18 - 19 Statement of Cash Flows .................................................................................................... 20 Notes to the financial statements ................................................................................ 21 β 70
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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CEO STATEMENT
Global economy 2019 has virtually ground to a halt, recording its slowest growth since the Financial Crisis a decade ago. While economic outlook becoming uncertain and unpredictable, businesses and investments take cautious measures to sustain themselves and maintain their pace in this unprecedented situation. Thanks to stable political environment and social stability in Cambodia leading a sustainable economic growth of 7%, these have assured investors to continue their investment agenda and to reinvent new opportunities. To facilitate these investments, the banking sector in Cambodia continues play a crucial role through the mobilization and allocation of financial resources to fuel and support our economy.
Over the past years we have strived enormously to achieve a momentous milestone by successfully upgrading ourselves to commercial bank. Our total assets have jumped significantly from USD24million in 2018 to USD80.47million this year. Meanwhile, our gross loans increased more than 3 folds from USD21.49million to USD70.80million. Together with these growths, the Bank has enforced stringent assets management; hence, there is no non-performing loan for 4 consecutive years. As of May 2020, despite global economic recession due to Covid-19 and uncertainties pertaining withdrawal of EBA (Everything But Arms) from Cambodia, our assets quality remains sound and healthy. Moving forward, while constantly securing strong financial and operational foundation, APD Bank is equipping ourselves to embark greater journey of commercial bank.
We aim to be at the forefront in introducing cutting-edge digital banking technology and solutions to Cambodia. Focusing on technological innovation for financial services, APD Bank will vigorously develop mobile banking in the future, prioritizing on mobile account opening, remittance, payment and other innovative services, and implementing new technological financial experience to our remote customers. We also provide Internet and online banking services for local and international customers convenience.
We aim to achieve our goal of "being in Cambodia and serving the whole Asia-Pacific" by providing comprehensive cross-border financial services to the entire Asia-Pacific region including China, Hong Kong, Taiwan, Singapore, Thailand, Malaysia, etc.
We will continue to prioritize full compliance and to build a strong governance and robust risk management culture. APD Bank places the highest priority in making sure all requirements are met and all internal policies and processes are adhered to at all times. We will keep ourselves abreast to the latest development of the regulatory requirements and regulations.
To all my beloved colleagues, I would like to express my sincere thanks and recognition for all your hard-work, commitments and initiatives to betterment of APD Bank. I firmly believe 2020 comes with another exciting chapter for our commercial banking journey, a remarkable journey to be filled with challenges, opportunities, excitements and growth.
Finally, we would like to express our gratitude to our shareholders and Board of Directors for their attentive guidance in positioning APD Bank. We also thank our customers for their trust and cooperation. Last but not least, our utmost appreciation goes to the National Bank of Cambodia and other regulatory authorities for their ongoing guidance and supports. Hsiao Charng Geng, Chief Executive Officer Phnom Penh, 8 June 2020
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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CORPORATE INFORMATION
Bank Asia-Pacific Development Bank Plc. Registration No 00007514 Registered office Lot No.132, Street no. 294 (Corner Norodom Blvd) Sangkat Tonle Bassac, Khan Chamkarmorn Phnom Penh, Kingdom of Cambodia Shareholders Mr. Vong Pech Mr. Lau Yao Zhong Board of Directors Mr. Vong Pech Chairman Mr. Lau Yao Zhong Vice Chairman Mr. Zhao Wen Qing Director Mr. Lonh Hay Director Mr. Yu Yongshun Director Management team Mr. Hsiao Charng Geng Chief Executive Officer Ms. Chen Ya-Duan Deputy CEO Mr. Svay Pisal Head of Risk Management Ms. Saing Manita Head of Compliance Mr. Thol Lyna Head of Internal Audit Mr. Chheu Tech Head of Finance and Accounting Ms. Thai Sreymom Head of Admin and HR and Secretariat Auditors Ernst & Young (Cambodia) Ltd
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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VISION, MISSION AND CORE VALUE
Vision
APD Bankβs vision is to be one of the leading financial institutions offering quality service to fulfill dreams across generations, beyond borders.
Mission
APD Bank is committed to delivering a whole range of international quality financial services that will create value and enrich the lives of our customers, employees, shareholders and the communities we serve.
Core Value
Accountability : We are active and accountable in our customersβ, employeesβ and shareholdersβ best interests.
Passion : We put our soul into our work and stamp it with our own personality to accomplish our customerβs objective. Enthusiasm is very important for our achievement.
Diligence : We understand what a priority is, and we are committed to doing the best of our ability by whatever means necessary.
Best : We strive to get better, smarter and more innovative and be the best in everything we do.
Acumen : We master market trends and use our operational knowledge and strategic thinking to provide high quality service to our customers.
Network : We achieve our goals and objectives by collaborating and working together. We will also use the resources from our Group efficiently and effectively with full cooperation and effective communication to yield greater results.
Knowledge : We believe in knowledge orientation, specialized employees, up-to-date technology, creativity, and innovation in our activities.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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ORGANIZATIONAL CHART
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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MANAGEMENT TEAM
MR. HSIAO CHARNG GENG AKA JOE HSIAO
CHIEF EXECUTIVE OFFICER
Mr. Joe Hsiao has more than 35 years of banking experience in various banks across Taiwan, China and Southeast Asia. In 2015, he was appointed as CEO to establish APD Specialized Bank and subsequently upgraded the Bank to full-fledged Commercial Bank in 2019.
Prior to joining APD Bank, Mr. Joe worked for Fubong Commercial Bank, Mega International Commercial Bank and Taiwan Shin Kong Commercial Bank. In addition to working in Taiwan, he was dispatched to work in Manila (Philippines), Ningbo, Dongguan, Shenzhen and Hong Kong for almost 20 years. His main fields of expertise include operations, business promotion and marketing, loans/credit, foreign exchange, trade finance, securities, trust, overseas branch operation and management.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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MS. CHEN YA-DUAN (ELAINE) DEPUTY CEO
Ms. Chen Ya-Duan has more than 30 years banking experience in Information Technology and Business Administration with various banks. She joined APD Bank in 2019 as deputy CEO specializing in digitalization transformation.
Prior to joining APD Bank, she was Professor of FinTech in Soochow University, Taiwan. She was also our consultant during the establishment of IT infrastructure for APD Specialized Bank in 2016. Before this, she worked for CitiBank Taiwan, Mega International Commercial Bank, ANZ Taiwan, DBS Taiwan and Taiwan Shin Kong Commercial Bank.
Ms. Chen Ya-Duan holds Master of Computer Science from Florida Institute of Technology (FIT), USA and Bachelor of Business Administration from National Taiwan University (NTU).
MR. SVAY PISAL HEAD OF RISK MANAGEMENT
Mr. Pisal is currently the Head of Risk Management responsible for overall risk managements of the Bank. He is one of core management team joining APD Bank since the first day of operations in June 2016 as Operation Manager.
Along the way of banking career, Mr. Pisal has come across with varieties of roles and responsibilities from very junior to managerial levels including Customer Services, Sales and Marketing, Operations, Loans/Credits and Branch Management. He started his first Banking job in 2005 as a junior staff in Card Business Department with a local Bank. In late 2005, he moved to a leading Malaysian-owned Bank as an Authorizer of Card Centre in Head Office and subsequently be promoted as Branch Manager in 2009. He remained with the same Bank until end of 2014 with his last role as Branch Manager before moving to another Malaysian-owned Bank in 2015 in the position of Branch Manager of Head Office Branch.
Mr. Pisal holds a Master of Finance from National University of Management (NUM), Phnom Penh. He graduated Bachelorβs degree of Management from the same university in 2004.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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MS. SAING MANITA
HEAD OF COMPLIANCE
Ms. Saing Manita, Head of Compliance, is responsible for overall management of the Bankβs Compliance function and works as the principal liaison with the NBC and other regulators. She joined APD Bank in 2017 and subsequently obtained official approval from the National Bank of Cambodia (NBC) as Head of Compliance.
Ms. Nita has accumulated 6 years of working experience in banking, starting her first job in 2014 specializing in risk and compliance at a local MDI. During her career path, she has attended various workshops and seminars in banking and finance industry. Moreover, she has obtained Certificate of Regulatory Compliance from Institute of Banking and Finance (IBF), Cambodia.
Ms. Nita is currently pursuing Master of Risk Management in Insurance, Banking and Finance at Royal University of Law and Economics (RULE). She holds double bachelor degrees in Accounting from National University of Management (NUM) and English Education from Institute of Foreign Languages (IFL).
MR. THOL LYNA
HEAD OF INTERNAL AUDIT
Mr. Thol Lyna, Head of Internal Audit, is responsible for overall management of the Bankβs audit and internal control functions. He joined APD Bank in 2019 and obtained official approval from the National Bank of Cambodia (NBC) as Head of Internal Audit in the same year.
Mr. Lyna has more than 10 years of working experience. He experienced with a βbig fourβ international accounting and audit firm and promoted to Senior Auditor prior to moving to his banking journey with one of the leading banks as Assistant Finance Manager and subsequently upgraded to Head of Taxation. In 2018, he moved to a local MDI to pursue his audit career as Internal Audit Manager. With his diverse background in finance, audit and banking, he is able to bring innovation and carry out any task required for his position.
Mr. Lyna is pursuing a UK-based ACCA Program at CamEd Business School. He holds bachelor degree in Business Administration majoring in Finance and Banking from the National University of Management (NUM). In addition, he was a four-year scholarship awardee from a France Organization majoring in Management.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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MR. CHHEU TECH
HEAD OF FINANCE AND
ACCOUNTING
Mr. Tech, Head of Finance and Accounting, is responsible for planning, executing, managing all finance and accounting activities of the Bank. He is one of core management team joining APD Bank since 2017 as Head of Internal Audit.
Prior to his current position, Mr. Tech worked for one of the βbig fourβ international audit firms for 3 years with his last position as Senior Auditor. During his service, he has performed audit in various industries such as banks, MFIs, insurance, manufacturing, companies and NGOs.
Mr. Tech is an Affiliate of the UK-based Association of Chartered Certified Accountants (ACCA). He also holds Bachelor of Finance and Banking from Royal University of Law and Economics (RULE) and Bachelor of Education from Institute of Foreign Languages (IFL).
MS. THAI SREYMOM
HEAD OF ADMIN AND HR &
SECRETARIAT
Ms. Thai Sreymom, Head of Admin and Human Resource & Secretariat, is responsible for managing the administrative tasks as well as HR strategies involving talent acquisition, staff consultation, capacity building and resource development. She joined APD Bank in March 2020.
Ms. Sreymom has 11 years of banking experience with a number of local, Malaysian-owned and Taiwanese-owned banks. She started her banking career in 2009 and exposed herself to many fields such as finance, accounting, budgeting, administration, procurement, human resources and management. Prior to joining APD Bank, she was one of the core management team members in setting up a newly-incorporated local bank.
Ms. Sreymom holds Bachelor Degree in Accounting and Finance from Vanda Institute of Accounting. She also attended various courses and trainings on taxation, human resource management and leadership skills.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
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AUDITED FINANCIAL STATEMENTS
REPORT OF THE BOARD OF DIRECTORS The Board of Directors of Asia-Pacific Development Bank Plc. (βthe Bankβ) presents its report and the Bankβs financial statements as at 31 December 2019 and for the year then ended. THE BANK The Bank was incorporated in the Kingdom of Cambodia and registered with the Ministry of Commerce as a public limited company under registration number 00007514 dated 5 April 2016. The Bank obtained its specialized banking license from the National Bank of Cambodia (βNBCβ) on 16 June 2016 to operate as a specialized bank with a permanent validity and officially commenced its operations on 11 July 2016. On 26 June 2019, the Bank obtained a commercial bank license from the NBC and changed its name from Asia-Pacific Development Specialized Bank Plc to Asia-Pacific Development Bank Plc. The amendments of the Bankβs legal documents submitted to relevant authorities following the change of the Bankβs status were fully completed on 13 February 2020. The Bank is principally engaged in commercial banking business and provision of related financial services in the Kingdom of Cambodia. The Bankβs registered office address is located at No. 132, Street no. 294 (Corner Norodom Blvd), Sangkat Tonle Bassac, Khan Chamkarmorn, Phnom Penh, Kingdom of Cambodia. FINANCIAL RESULTS The financial performance of the Bank is set out in the statement of profit or loss and other comprehensive income. DIVIDENDS No dividend was declared or paid and the Board of Directors do not recommend any dividend to be paid for the year (2018: nil). SHARE CAPITAL The paid-up capital of the Bank as at 31 December 2019 was US$77.49 million or KHR 309.96 billion (2018: US$15 million or KHR60.00 billion). WRITTEN OFF OF AND ALLOWANCE FOR FINANCIAL ASSETS Before the financial statements were prepared, the Board of Directors took reasonable steps to ascertain that action had been taken in relation to the writing off of financial assets that have no reasonable expectations of recovering the contractual cash flows in their entirety or a portion thereof and making of allowance for expected credit losses on financial assets, and satisfied themselves that there all known financial assets that have no reasonable expectations of recovering the contractual cash flows were written off and that adequate allowance for expected credit losses on financial assets have been made. At the date of this report and on the best of knowledge, the Board of Directors is not aware of any circumstances which would render the amount of the allowance for expected credit losses on financial assets in the financial statements of the Bank inadequate to any material extent.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) REPORT OF THE BOARD OF DIRECTORS (continued)
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ASSETS Before the financial statements of the Bank were prepared, the Board of Directors ascertained that management took reasonable steps to ensure that any current assets, which were unlikely to be realised in the ordinary course of business at their values as shown in the accounting records of the Bank had been written down to amounts which they might be expected to realise. VALUATION METHODS At the date of this report, the Board of Directors is not aware of any circumstances that have arisen which render adherence to the existing method of valuation of assets and liabilities in the financial statements of the Bank misleading or inappropriate. CONTINGENT AND OTHER LIABILITIES At the date of this report, there does not exist:
(a) any charge on the assets of the Bank which has arisen since the end of the financial year which secures the liabilities of any other person; and
(b) any contingent liability in respect of the Bank that has arisen since the end of the financial year other than in the ordinary course of its business operations.
No contingent or other liability of the Bank has become enforceable, or is likely to become enforceable within the period of 12 months after the end of the financial year which, in the opinion of the Board of Directors, will or may have a material effect on the ability of the Bank to meet its obligations as and when they fall due. CHANGE OF CIRCUMSTANCES At the date of this report, the Board of Directors is not aware of any circumstances, not otherwise dealt with in this report or the financial statements of the Bank, which would render any amount stated in the financial statements misleading. ITEMS OF AN UNUSUAL NATURE The results of the operations of the Bank for the year were not, in the opinion of the Board of Directors, substantially affected by any item, transaction or event of a material and unusual nature. There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the Board of Directors, which affect substantially the financial performance of the Bank for the current financial year in which this report is made. EVENTS AFTER THE REPORTING DATE At the date of this report, to the best knowledge of the Board of Directors, there have been no significant events occurring after reporting date which would require adjustments or disclosures to be made in the financial statements.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) REPORT OF THE BOARD OF DIRECTORS (continued)
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THE BOARD OF DIRECTORS The members of the Board of Directors holding office during the year and at the date of this report are: Name Position Mr. Vong Pech ChairmanMr. Lau Yao Zhong Vice-ChairmanMr. Zhao Wenqing DirectorMr. Lonh Hay DirectorMr. Yu Yongshun Director (appointed on 27 June 2019) DIRECTORSβ INTERESTS The directors who held office at the end of the financial year and their interests in the shares of the Bank are as follows:
31 December 2019 31 December 2018
% of
ownership Number
of sharesAmount
US$% of
ownershipNumber
of shares Amount
US$ Mr. Vong Pech 94.19% 4,866 72,990,000 70% 700 10,500,000Mr. Lau Yao Zhong 5.81% 300 4,500,000 30% 300 4,500,000
100% 5,166 77,490,000 100% 1,000 15,000,000 Other than the directors disclosed above, the other directors did not have any interest in the ordinary shares of the Bank during the financial year. DIRECTORSβ BENEFITS During and at the end of the year, no arrangement existed to which the Bank was a party with the objective of enabling the directors of the Bank to acquire benefits by means of the acquisition of shares in or debentures of the Bank or any other body corporate. During the financial year, no director of the Bank has received or become entitled to receive any benefit (other than a benefit include in the aggregate amount of emoluments receivable by the directors as disclosed in the financial statements) by reason of a contract made by the Bank or a related corporation with a firm of which the director is a member, or with a company in which the director has substantial financial interest other than as disclosed in the financial statements. RESPONSIBILITIES OF THE BOARD OF DIRECTORS IN RESPECT OF THE FINANCIAL STATEMENTS The Board of Directors is responsible for ascertaining that the financial statements present fairly, in all material respects, the financial position of the Bank as at 31 December 2019, and its financial performance and its cash flows for the year then ended. In preparing these financial statements, the Board of Directors ensures that:
adopts appropriate accounting policies which are supported by reasonable and prudent judgments and estimates and then apply them consistently;
comply with the disclosure requirements of Cambodian International Financial Reporting Standards (βCIFRSsβ), or if there have been any departures in the interest of fair true and fair presentation, ensure that these have been appropriately disclosed, explained and quantified in the financial statement;
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) REPORT OF THE BOARD OF DIRECTORS (continued)
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RESPONSIBILITIES OF THE BOARD OF DIRECTORS IN RESPECT OF THE FINANCIAL STATEMENTS (continued)
oversee the Bankβs financial reporting process and maintains adequate accounting records and an effective system of internal controls;
assess the Bankβs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so; and
effectively control and direct effectively the Bank in all material decisions affecting the operations and performance and ascertain that such have been properly reflected in the financial statements.
The Board of Directors confirms that they have fulfilled and complied with the above responsibilities in preparing the financial statements. APPROVAL OF THE FINANCIAL STATEMENTS We hereby approve the accompanying financial statements which give a true and fair view of the financial position of the Bank as at 31 December 2019, and its financial performance and its cash flows for the year then ended in accordance with Cambodian International Financial Reporting Standards. On behalf of the Board of Directors:
Vong Pech Chairman Phnom Penh, Kingdom of Cambodia 26 March 2020
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Reference: 61552160/21288598
INDEPENDENT AUDITORβS REPORT To: The Shareholders of Asia-Pacific Development Bank Plc. Opinion We have audited the accompanying financial statements of Asia-Pacific Development Bank Plc. (βthe Bankβ) which comprise the statement of financial position as at 31 December 2019, and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the financial statements give a true and fair view of the financial position of the Bank as at 31 December 2019, and its financial performance and its cash flows for the year then ended in accordance with Cambodian International Financial Reporting Standards (βCIFRSsβ). Basis for Opinion We conducted our audit in accordance with Cambodian International Standards on Auditing (βCISAsβ). Our responsibilities under those standards are further described in the Auditorβs Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Bank in accordance with the sub-decree on the Code of Ethics for Professional Accountants and Auditors promulgated by the Royal Government of Cambodia, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other Matter The financial statements of the Bank as at and for the year ended 31 December 2018 were audited by another auditor who expressed an unmodified opinion on those financial statements on 26 March 2019. Information Other than the Financial Statements and Auditorβs Report Thereon The other information obtained at the date of the auditorβs report comprises the Report of the Board of Directors as set out in pages 1 to 4. Management is responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with CIFRSs, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Bankβs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Bankβs financial reporting process. Auditorβs Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorβs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with CISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with CISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bankβs internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of managementβs use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bankβs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorβs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorβs report. However, future events or conditions may cause the Bank to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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Auditorβs Responsibilities for the Audit of the Financial Statements (continued) We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Ernst & Young (Cambodia) Ltd. Certified Public Accountants Registered Auditors Phnom Penh, Kingdom of Cambodia 26 March 2020
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) STATEMENT OF FINANCIAL POSITION as at 31 December 2019
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Notes 31 December 2019 31 December 2018 1 January 2018
US$ KHRβ000
equivalent US$ KHRβ000
equivalent US$ KHRβ000
equivalent (Note 2.3) (Note 2.3) (Note 2.3) (As restated - Note 3) (As restated - Note 3) ASSETS Cash on hand 6 18,701 76,207 343,507 1,380,211 2,000 8,074 Balance with National Bank of Cambodia 7 122,502 499,196 100,517 403,877 96,462 389,417 Balances with other banks 8 1,060,822 4,322,850 283,967 1,140,979 500,948 2,022,327 Loans and advances to customers 9 70,358,681 286,711,625 21,282,410 85,512,723 21,080,223 85,100,860 Statutory deposit 10 7,750,000 31,581,250 750,000 3,013,500 750,000 3,027,750 Other assets 11 22,145 90,240 27,335 109,832 28,075 113,340 Software 12 357,808 1,458,068 230,148 924,735 306,716 1,238,212 Property and equipment 13 456,162 1,858,860 677,993 2,724,176 929,564 3,752,650 Right-of-use asset 14 214,338 873,427 313,264 1,258,695 412,190 1,664,011 Deferred tax assets 15 (iii) 114,000 464,550 - - - -
TOTAL ASSETS 80,475,159 327,936,273 24,009,141 96,468,728 24,106,178 97,316,641
LIABILITIES AND SHAREHOLDERSβ EQUITY LIABILITIES Current income tax liability 15 (i) 582,067 2,371,923 47,705 191,679 2,284 9,221 Other liabilities 16 194,324 791,871 590,470 2,372,508 170,699 689,112 Lease liability 14 246,952 1,006,329 352,231 1,415,264 452,386 1,826,282 Borrowing 17 - - 8,300,000 33,349,400 8,800,000 35,525,600
TOTAL LIABILITIES 1,023,343 4,170,123 9,290,406 37,328,851 9,425,369 38,050,215 SHAREHOLDERSβ EQUITY Share capital 18 77,490,000 309,960,000 15,000,000 60,000,000 15,000,000 60,000,000 Retained earnings (accumulated losses) 1,259,662 5,100,919 (503,115) (2,030,808) (542,921) (2,191,772) Regulatory reserve 19 702,154 2,852,883 221,850 895,644 223,730 903,198 Cumulative exchange differences on translation - 5,852,348 - 275,041 - 555,000
TOTAL SHAREHOLDERSβ EQUITY 79,451,816 323,766,150 14,718,735 59,139,877 14,680,809 59,266,426 TOTAL LIABILITIES AND SHAREHOLDERSβ EQUITY 80,475,159 327,936,273 24,009,141 96,468,728 24,106,178 97,316,641
The accompanying notes from 1 to 29 form an integral part of these financial statements.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME for the year ended 31 December 2019
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Notes For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000
equivalent US$
KHRβ000
equivalent (Note 2.3) (Note 2.3) (As restated - Note 3) Operating income
Interest income 20 4,437,820 17,982,047 2,051,369 8,297,788 Interest expense 20 (120,777) (489,388) (488,886) (1,977,544)
Net interest income 4,317,043 17,492,659 1,562,483 6,320,244
Other operating income 21 51,414 208,330 9,652 39,042 Personnel expenses 22 (825,459) (3,344,760) (764,406) (3,092,022)Depreciation and amortisation 12,13,14 (451,583) (1,829,814) (442,968) (1,791,806)Other operating expenses 23 (315,379) (1,277,916) (264,462) (1,069,749)(Provision for) reversal of
provision for expected credit losses 24 (25,429) (103,038) 2,387 9,655
Profit before income tax 2,750,607 11,145,461 102,686 415,364
Income tax expense 15 (507,526) (2,056,495) (64,760) (261,954)
Net profit 2,243,081 9,088,966 37,926 153,410
Other comprehensive income item: Exchange difference on translation - 5,577,307 - (279,959)
Total comprehensive income for the year 2,243,081 14,666,273 37,926 (126,549)
The accompanying notes from 1 to 29 form an integral part of these financial statements.
ASIA-PACIFIC DEVELOPMENT BANK PLC.(formerly Asia-Pacific Development Specialized Bank Plc.)
STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2019
18
Share capital Retained earnings Regulatory reserve
Cumulative exchange
differenceson translation Total
US$ KHRβ000equivalent
US$ KHRβ000equivalent
US$ KHRβ000equivalent
KHRβ000equivalent
US$ KHRβ000 equivalent
(Note 2.3) (Note 2.3) (Note 2.3) (Note 2.3) (Note 2.3)
As at 1 January 2019 (as restated - Note 3) 15,000,000 60,000,000 (503,115) (2,030,808) 221,850 895,644 275,041 14,718,735 59,139,877
Additional share capital 62,490,000 249,960,000 - - - - - 62,490,000 249,960,000 Net profit for the year - - 2,243,081 9,088,966 - - - 2,243,081 9,088,966 Transfer to regulatory reserve - - (480,304) (1,957,239) 480,304 1,957,239 - - - Exchange difference on
translation - - - - - 5,577,307 - 5,577,307
As at 31 December 2019 77,490,000 309,960,000 1,259,662 5,100,919 702,154 2,852,883 5,852,348 79,451,816 323,766,150
The accompanying notes from 1 to 29 form an integral part of these financial statements.
-
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) STATEMENT OF CHANGES IN EQUITY (continued) for the year ended 31 December 2019
19
Share capital Accumulated losses Regulatory reserve
Cumulative exchange
differenceson translation Total
US$ KHRβ000
equivalent US$ KHRβ000
equivalent US$ KHRβ000
equivalent KHRβ000
equivalent US$ KHRβ000
equivalent (Note 2.3) (Note 2.3) (Note 2.3) (Note 2.3) (Note 2.3) As at 1 January 2018
(as previously reported) 15,000,000 60,000,000 (267,023) (1,077,972) - - 555,000 14,732,977 59,477,028 Effect of transition to CIFRSs
(Note 3) - - (52,168) (210,602) - - - (52,168) (210,602) Transfer to regulatory reserve - - (223,730) (903,198) 223,730 903,198 - - -
As at 1 January 2018 (as restated - Note 3) 15,000,000 60,000,000 (542,921) (2,191,772) 223,730 903,198 555,000 14,680,809 59,266,426
Net profit for the year (as restated - Note 3) - - 37,926 153,410 - - - 37,926 153,410
Transfer to regulatory reserve - - 1,880 7,554 (1,880) (7,554) - - - Exchange difference on
translation - - - - - - (279,959) - (279,959)
As at 31 December 2018 (as restated - Note 3) 15,000,000 60,000,000 (503,115) (2,030,808) 221,850 895,644 275,041 14,718,735 59,139,877
The accompanying notes from 1 to 29 form an integral part of these financial statements.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) STATEMENT OF CASH FLOWS for the year ended 31 December 2019
20
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000
equivalent US$
KHRβ000
equivalent (Note 2.3) (Note 2.3) (As restated - Note 3) OPERATING ACTIVITIES
Profit before income tax 2,750,607 11,145,461 102,686 415,364 Adjustments for:
Depreciation and amortisation 451,583 1,829,814 442,968 1,791,806 Expected credit losses on:
Loans and advances 7,174 29,069 (2,200) (8,899)Balances with other banks 18,270 74,030 (75) (303)
Loss on disposal of property and equipment 1,564 6,337 2,349 9,502
Provision for employee benefits (22,118) (89,622) 54,020 218,511 Changes in:
Statutory deposit (7,000,000) (28,364,000) - -Loans and advances to customers (49,083,445) (198,886,119) (199,988) (808,951)Other assets 5,190 21,030 740 2,993 Other liabilities (359,307) (1,455,912) 385,597 1,559,740
Cash used in operations (53,230,482) (215,689,912) 786,097 3,179,763 Income tax paid (87,164) (353,189) (19,339) (78,226)
Net cash (used in) generated from operating activities (53,317,646) (216,043,101) 766,758 3,101,537
INVESTING ACTIVITIES Purchase of property and equipment (40,968) (166,002) (8,930) (36,122)Purchase of software (219,082) (887,720) (9,413) (38,076)Proceeds from disposal of property and
equipment - - 91 368
Net cash used in investing activities (260,050) (1,053,722) (18,252) (73,830) FINANCING ACTIVITIES Proceed from additional share capital 62,490,000 253,209,480 - -Lease payments (120,000) (486,240) (120,000) (485,400)Repayment of borrowing (8,300,000) (33,631,600) (5,300,000) (21,438,500)Proceeds from borrowing - - 4,800,000 19,416,000
Net cash generated from (used in) financing activities 54,070,000 219,091,640 (620,000) (2,507,900)
Net increase in cash and cash equivalents 492,304 1,994,817 128,506 519,807
Cash and cash equivalents at the beginning of year 728,193 2,925,879 599,687 2,420,936
Exchange difference on translation - 52,830 - (14,864)
Cash and cash equivalents at the end of year 1,220,497 4,973,526 728,193 2,925,879
The accompanying notes from 1 to 29 form an integral part of these financial statements.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2019
21
1. CORPORATE INFORMATION
Asia-Pacific Development Bank Plc (βthe Bankβ) was incorporated in the Kingdom of Cambodia and registered with the Ministry of Commerce as a public limited company under registration number 00007514 dated 5 April 2016. The Bank obtained its specialized banking license from the National Bank of Cambodia (βNBCβ) on 16 June 2016 to operate as a specialized bank with a permanent validity and officially commenced its operations on 11 July 2016. On 26 June 2019, the Bank obtained a commercial bank license from the NBC and changed its name from Asia-Pacific Development Specialized Bank Plc to Asia-Pacific Development Bank Plc. The Bank is principally engaged in commercial banking business and provision of related financial services in the Kingdom of Cambodia. The Bankβs registered office address is located at No. 132, Street no. 294 (Corner Norodom Boulevard), Sangkat Tonle Bassac, Khan Chamkarmorn, Phnom Penh, Kingdom of Cambodia. As at 31 December 2019, the Bank had 30 employees (2018: 21 employees).
2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS
The financial statements, expressed in United States dollar (βUS$β), have been prepared on a historical cost basis, except otherwise indicated.
2.1. Basis of preparation
This is the first set of financial statements of the Bank prepared in accordance with the Cambodian International Financial Reporting Standards (βCIFRSsβ). The Bankβs date of transition to CIFRSs is 1 January 2018. The financial statements for the year ended 31 December 2018 were prepared in accordance with Cambodian Accounting Standards (βCASsβ) and relevant regulations and guidelines issued by the NBC, collectively referred to as the previous generally accepted accounting principles (βprevious GAAPβ). The transition to the CIFRSs has resulted to a number of changes in the Bankβs accounting policies compared to those used when applying previous GAAP. Note 3 to the financial statements describes the differences between the equity and profit or loss presented under previous GAAP and the newly presented amounts under CIFRSs for the reporting year ended at 31 December 2018, as well as the equity presented in the opening statement of financial position as at 1 January 2018. It also describes all the required changes in accounting policies made on first-time adoption of the CIFRSs.
2.2 Fiscal year The Bankβs fiscal year starts on 1 January and ends on 31 December.
2.3 Functional and presentation currency
Presentation currency
The financial statements are presented in US$, which is the Bankβs functional and presentation currency.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
22
2. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS (continued)
2.3 Functional and presentation currency (continued)
Transactions and balances
Transactions in currencies other than US$ are translated into US$ at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in currencies other than US$ which are outstanding at the reporting date are translated into US$ at the rate of exchange ruling at that date. Exchange differences arising on translation are recognized in profit or loss. Translation of US$ in KHR
The translation of the US$ amounts into thousands KHR (βKHRβ000β) is presented in the financial statements to comply with the Law on Accounting and Audit dated 11 April 2016 using the closing and average rates for the year then ended, as announced by the General Department of Taxation.
Assets and liabilities included in the statement of financial position are translated at the closing rate prevailing at the end of each reporting date, whereas income and expense items presented in the statement of profit or loss and other comprehensive income are translated at the average rate for the year then ended. All resulting exchange differences are recognized in the statement of profit or loss and other comprehensive income. Such translation should not be construed as a representation that the US$ amounts represent, or have been or could be, converted into KHR at that or any other rate. All values in KHR are rounded to the nearest thousand (βKHRβ000β), except if otherwise indicated.
The financial statements are presented in KHR based on the applicable exchange rates per US$1 as follows:
2019 2018 2017 Closing rate 4,075 4,018 4,037Average rate 4,052 4,045 4,045
2.4 Rounding of amounts
Except as indicated otherwise, amounts in the financial statements have been rounded off to the nearest dollar for US$ amounts and nearest thousand for KHR amounts.
2.5 Standards issued but not yet effective
The standards and amendments that are issued, but not yet effective, up to the date of issuance of the Bankβs financial statements are disclosed below. These standards and amendments to CIFRSs issued but not yet effective are not expected to have a significant impact on the financial position or performance of the Bank.
CIFRS 17, Insurance
Amendments to CIFRS 3: Definition of Business
Amendments to CIAS 1 and CIAS 8: Definition of Material
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
23
3. RECONCILIATION BETWEEN PREVIOUS GAAP AND NEW PRESENTATION UNDER CIFRSs
As a first-time adopter of CIFRSs, the Bank has applied retrospectively accounting policies based on each CIFRS effective as at end of the first CIFRSs reporting period (31 December 2019), except for areas of exceptions and optional exemptions set out in CIFRS 1. In the table below, equity determined in accordance with CIFRSs is reconciled to equity determined in accordance with the previous GAAP at both 1 January 2018 (the date of transition to the CIFRSs) and 31 December 2018 (the end of the latest period presented in the most recent financial statements prepared in accordance with the previous GAAP). 1 January 2018 31 December 2018 Previous GAAP Reclassification Remeasurement CIFRSs Previous GAAP Reclassification Remeasurement CIFRSs US$ US$ US$ US$ US$ US$ US$ US$ ASSETS Cash on hand 2,000 - - 2,000 343,507 - - 343,507 Balances with the NBC 96,462 - - 96,462 100,517 - - 100,517 Balances with other banks (a) 501,225 - (277) 500,948 281,327 - 2,640 283,967 Loans and advances to customers (a) 21,014,596 77,197 (11,570) 21,080,223 21,196,479 81,137 4,794 21,282,410 Statutory deposit 750,000 - - 750,000 750,000 - - 750,000 Other assets (a) 105,272 (77,197) - 28,075 108,472 (81,137) - 27,335 Intangible assets 306,716 - - 306,716 230,148 - - 230,148 Property and equipment 929,564 - - 929,564 677,993 - - 677,993 Right-of-use asset (b) - - 412,190 412,190 - - 313,264 313,264
TOTAL ASSETS 23,705,835 - 400,343 24,106,178 23,688,443 - 320,698 24,009,141
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
24
3. RECONCILIATION BETWEEN PREVIOUS GAAP AND NEW PRESENTATION UNDER CIFRSs (continued)
1 January 2018 31 December 2018 Previous GAAP Reclassification Remeasurement CIFRSs Previous GAAP Reclassification Remeasurement CIFRSs US$ US$ US$ US$ US$ US$ US$ US$
LIABILITIES AND SHAREHOLDERSβ EQUITY LIABILITIES Current income tax liability 2,284 - - 2,284 47,705 - - 47,705 Other liabilities (a) 170,574 - 125 170,699 590,457 - 13 590,470 Borrowings 8,800,000 - - 8,800,000 8,300,000 - - 8,300,000 Lease liability (a) - - 452,386 452,386 - - 352,231 352,231
TOTAL LIABILITIES 8,972,858 - 452,511 9,425,369 8,938,162 - 352,244 9,290,406 SHAREHOLDERSβ EQUITY Share capital 15,000,000 - 15,000,000 15,000,000 - - 15,000,000 Accumulated losses (267,023) (223,730) (52,168) (542,921) (249,719) (221,850) (31,546) (503,115) Regulatory reserve (e) - 223,730 - 223,730 - 221,850 - 221,850
TOTAL SHAREHOLDERSβ EQUITY 14,732,977 - (52,168) 14,680,809 14,750,281 - (31,546) 14,718,735
TOTAL LIABILITIES AND SHAREHOLDERSβ EQUITY 23,705,835 - 400,343 24,106,178 23,688,443 - 320,698 24,009,141
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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3. RECONCILIATION BETWEEN PREVIOUS GAAP AND NEW PRESENTATION UNDER CIFRSs (continued)
The table below summarises the differences between the profit or loss presented under previous GAAP and the newly-presented amounts under the CIFRSs for the year ended 31 December 2018:
Note Previous GAAP Reclassification Remeasurement CIFRSs US$ US$ US$ US$ Interest income 1,873,064 171,032 7,273 2,051,369 Interest expense (d) (469,041) - (19,845) (488,886)
Net interest income 1,404,023 171,032 (12,572) 1,562,483
Other operating income (c) 180,684 (171,032) - 9,652 (Provision for) reversal of provision
for expected credit losses (a) (9,733) - 12,120 2,387 Personnel expenses (764,406) - - (764,406) Depreciation and amortisation (d) (344,042) - (98,926) (442,968) Other expenses (d) (384,462) - 120,000 (264,462)
Profit before income tax 82,064 - 20,622 102,686
Income tax expense (64,760) - - (64,760)
Profit for the year 17,304 - 20,622 37,926
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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3. RECONCILIATION BETWEEN PREVIOUS GAAP AND NEW PRESENTATION UNDER
CIFRSs (continued) Explanatory notes to the reconciliation tables (a) Financial assets and liabilities impacted by the transition to CIFRSs
1 January 2018
Note
Original classification under previous GAAP
New classification under CIFRS 9
Original carrying
amount under previous
GAAP
New carryingamount under
CIFRS 9 US$ US$ Financial assets Balances with other banks (i) Cost Amortised cost 501,225 500,948 Loans and advances to
customers (ii) Carrying amount Amortised cost 21,014,596 21,080,223 Other assets (iii) Carrying amount Amortised cost 105,272 28,075
Financial liabilities Lease liability (iv) Cost Amortised cost - 452,386 Other liabilities (v) Cost Amortised cost 170,574 170,699
(i) As at 1 January 2018, balances with other banks decreased by US$ 277 to recognise
cumulative transition adjustment for expected credit loss (βECLβ) on balances with other banks following the requirement of CIFRS 9.
(ii) Under previous GAAP, the Bank recognised loans and advances at carrying amount
while they are now recognised at amortized cost using EIR method. Loans and advances decreased by US$ 65,627 due to the following:
- Reclassification of accrued interest receivable of US$ 77,197 from other assets to loans and advances.
- Under previous GAAP, loan processing fees were fully recognized in the profit or loss for the year ended on and before 31 December 2018. As at 1 January 2018, cumulative transition adjustment of unamortized loan processing fees was recognised which decreased loans and advances by US$ 220,843.
- Under previous GAAP, the Bank determined the allowance for losses on loans and advances based on impairment provisioning mandated by NBC Prakas No. B7-017-344 for the year ended on and before 31 December 2018. As at 1 January 2018, loans and advances increased by US$ 209,273 due to the cumulative transition adjustment following CIFRS 9 because ECL on loans and advances to customers was lower than the regulatory provision by that amount.
(iii) Other assets decreased by US$ 77,197 because accrued interest receivable was reclassified from other assets to loans and advances as explained in (ii) above.
(iv) As at 1 January 2018, there was no recognition of lease liability under previous
GAAP. A cumulative transition adjustment to lease liability amounting to US$ 452,386 was recognised under CIFRS 16.
(v) As at 1 January 2018, a cumulative transition adjustment of US$ 125 as provision for
off-balance sheet items was recognized under other liabilities following CIFRS 9.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
27
3. RECONCILIATION BETWEEN PREVIOUS GAAP AND NEW PRESENTATION UNDER
CIFRSs (continued) Explanatory notes to the reconciliation tables (continued)
(b) Lease
As at 1 January 2018, cumulative transition adjustment to recognise the right-of-use asset amounting to US$ 412,190 and lease liability amounting to US$ 452,386 was made based on CIFRS16, with the difference adjusted in the opening retained earnings.
(c) Interest income and other operating income
Interest income for the year ended 31 December 2018 increased by US$178,305 due to amortisation of loan processing fees reclassified from other operating income.
(d) Lease expense
(i) Interest expense increased by US$ 19,845 to recognise accretion of interest on lease
liability for the year ended 31 December 2018. (ii) For the year ended 31 December 2018, depreciation and amortisation increased by
US$ 98,926 for the amortisation of right-of-use asset following the requirement of CIFRS 16. Other operating expenses decreased by US$ 120,000 to derecognise lease expenses based on actual payments.
(e) The transfer from retained earnings to regulatory reserve based on NBC requirement
(Note 19).
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES
4.1 Cash and cash equivalents Cash and cash equivalents consist of notes on hand, unrestricted balances the NBC, balances with other banks and highly-liquid financial assets with original maturities of three months or less from the date of acquisition that are subject to an insignificant risk of changes in their fair value, and are used by the Bank in the management of its short-term commitments.
4.2 Financial instruments
The Bankβs financial assets and liabilities include cash on hand, balances with the NBC (except statutory deposit), balances with other banks, loans and advances to customers, other assets (except for non-refundable deposits and prepayments), borrowings and other liabilities (except for income tax payable) which are measured at amortised cost following the business model discussed in Note 4.2.1.
Initial recognition and measurement
Financial assets and financial liabilities are recognised in the Bankβs statement of financial position when the Bank becomes a party to the contractual provisions of the instruments.
Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued)
Initial recognition and measurement (continued) If the transaction price differs from fair value at initial recognition, the Bank will account for such difference as follows:
If fair value is evidenced by a quoted price in an active market for an identical asset or liability or based on a valuation technique that uses only data from observable markets, then the difference is recognised in profit or loss on initial recognition (i.e. day 1 profit or loss);
In all other cases, the fair value will be adjusted to bring it in line with the transaction price (i.e. day 1 profit or loss will be deferred by including it in the initial carrying amount of the asset or liability).
4.2.1 Business model
The Bank measures balances with the NBC (except for statutory deposit), balances with other banks, loans and advances to customers, and other assets (except for non-refundable deposits and prepayments) at amortised cost based on the business model or management of the assetβs contractual term when the following conditions are met:
The financial assets is held within a business model with the objective to hold financial assets in order to collect contractual cash flow
The contractual terms of the financial asset give rise on a specified date to cash flows that are solely payment of principal and interest (SPPI) on the principal amount outstanding
The details of these conditions are outlined below. The Bank makes an assessment of the objective of a business model in which an asset is held at a portfolio level that best reflects how the assets are managed. Factors considered includes:
the stated policies and objectives for the portfolio and the operation of those policies in practice. In particular, whether managementβs strategy focuses on earning contractual interest revenue, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of the liabilities that are funding those assets or realizing cash flows through the sale of the assets;
how the performance of the portfolio is evaluated and reported to the Bankβs management;
the risks that affect the performance of the business model (and the financial assets held within that business model) and its strategy for how those risks are managed;
how managers of the business are compensated (e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected); and
the frequency, volume and timing of sales in prior periods, the reasons for such sales and its expectations about future sales activity. However, information about sales activity is not considered in isolation, but as part of an overall assessment of how the Bankβs stated objective for managing the financial assets is achieved and how cash flows are realized.
Financial assets that are held for trading or managed and whose performance is evaluated on a fair value basis are measured at FVTPL because they are neither held to collect contractual cash flows nor held both to collect contractual cash flows and to sell financial assets.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued)
4.2.2 Solely payments of principal and interest (βSPPIβ) test
As a second step of its classification process, the Bank assess the contractual terms of the financial asset to identify whether they meet the SPPI test.
For purposes of this assessment, βprincipalβ is defined as the fair value of the financial asset on initial recognition. βInterestβ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as profit margin.
In assessing whether the contractual cash flows are SPPI, the Bank considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition.
In making the assessment, the Bank considers:
β’ contingent events that would change the amount and timing of cash flows;
β’ leverage features;
β’ prepayment and extension terms;
β’ terms that limit the Bankβs claim to cash flows from specified assets (e.g. non-recourse loans); and
β’ features that modify consideration of the time value of money (e.g. periodical reset of interest rates).
Non-recourse loans
In some cases, loans made by the Bank that are secured by collateral of the borrower limit the Bankβs claim to cash flows of the underlying collateral (non-recourse loans). The Bank applies judgment in assessing whether the non-recourse loans meet the SPPI criterion. The Bank typically considers the following information when making this judgement:
β’ whether the contractual arrangement specifically defines the amounts and dates of the cash payments of the loan;
β’ the fair value of the collateral relative to the amount of the secured financial asset;
β’ the ability and willingness of the borrower to make contractual payments, notwithstanding a decline in the value of collateral;
β’ whether the borrower is an individual or a substantive operating entity or is a special-purpose entity;
β’ the Bankβs risk of loss on the asset relative to a full-recourse loan;
β’ the extent to which the collateral represents all or a substantial portion of the borrowerβs assets; and
β’ whether the Bank will benefit from any upside from the underlying assets.
Reclassification of financial assets and liabilities
Financial assets are not reclassified subsequent to their initial recognition, except in the period after the Bank changes its business model for managing financial assets.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued) 4.2.3 Derecognition of financial assets and liabilities
Financial assets
The Bank derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Bank neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. On derecognition of a financial asset, the difference between the carrying amount of the asset (or the carrying amount allocated to the portion of the asset derecognised) and the sum of (i) the consideration received (including any new asset obtained less any new liability assumed) and (ii) any cumulative gain or loss that had been recognized in OCI is recognized in profit and loss. Financial liabilities
A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability. The difference between the carrying value of the original financial liability and the consideration paid is recognised in profit or loss.
4.2.4 Modifications and forbearance of financial assets
If the terms of a financial asset are modified, then the Bank evaluates whether the cash flows of the modified asset are substantially different.
If the cash flows are substantially different, then the contractual rights to cash flows from the original financial asset are deemed to have expired. In this case, the original financial asset is derecognized and a new financial asset is recognized at fair value plus any eligible transaction costs. Any fees received as part of the modification are accounted for as follows:
β’ fees that are considered in determining the fair value of the new asset and fees that represent reimbursement of eligible transaction costs are included in the initial measurement of the asset; and
β’ other fees are included in profit and loss as part of the gain or loss on derecognition.
β’ If cash flows are modified when the borrower is in financial difficulties, then the objective of the modification is usually to maximize recovery of the original contractual terms rather than to originate a new asset with substantially different terms. If the Bank plans to modify a financial asset in a way that would result in forgiveness of cash flows, then it first considers whether a portion of the asset should be written off before the modification takes place (see below for write-off policy). This approach impacts the result of the quantitative evaluation and means that the derecognition criteria are not usually met in such cases.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued)
4.2.4 Modifications of financial assets and financial liabilities (continued)
β’ If the modification of a financial asset measured at amortised cost or FVOCI does not result in derecognition of the financial asset, then the Bank first recalculates the gross carrying amount of the financial asset using the original effective interest rate of the asset and recognises the resulting adjustment as a modification gain or loss in profit and loss. For floating-rate financial assets, the original effective interest rate used to calculate the modification gain or loss is adjusted to reflect current market terms at the time of the modification. Any costs or fees incurred and fees received as part of the modification adjust the gross carrying amount of the modified financial asset and are amortised over the remaining term of the modified financial asset.
β’ If such a modification is carried out because of financial difficulties of the borrower, then the gain or loss is presented together with impairment losses. In other cases, it is presented as interest income calculated using the effective interest rate method.
4.2.5 Offsetting
Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Bank has a legal right to set off the amounts and it intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.
4.2.6 Fair value measurement
βFair valueβ is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or, in its absence, the most advantageous market to which the Bank has access at that date. The fair value of a liability reflects its non-performance risk. When one is available, the Bank measures the fair value of an instrument using the quoted price in an active market for that instrument. A market is regarded as βactiveβ if transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued)
4.2.6 Fair value measurement (continued)
If there is no quoted price in an active market, then the Bank uses valuation techniques that maximize the use of relevant observable inputs and minimize the use of unobservable inputs. The chosen valuation technique incorporates all of the factors that market participants would take into account in pricing a transaction.
The best evidence of the fair value of a financial instrument on initial recognition is normally the transaction price β i.e. the fair value of the consideration given or received. If the Bank determines that the fair value on initial recognition differs from the transaction price and the fair value is evidenced neither by a quoted price in an active market for an identical asset or liability nor based on a valuation technique for which any unobservable inputs are judged to be insignificant in relation to the measurement, then the financial instrument is initially measured at fair value, adjusted to defer the difference between the fair value on initial recognition and the transaction price. Subsequently, that difference is recognized in profit and loss on an appropriate basis over the life of the instrument but no later than when the valuation is wholly supported by observable market data or the transaction is closed out.
If an asset or a liability measured at fair value has a bid price and an ask price, then the Bank measures assets and long positions at a bid price and liabilities and short positions at an ask price.
Portfolios of financial assets and financial liabilities that are exposed to market risk and credit risk that are managed by the Bank on the basis of the net exposure to either market or credit risk are measured on the basis of a price that would be received to sell a net long position (or paid to transfer a net short position) for the particular risk exposure. Portfolio-level adjustments β e.g. bid-ask adjustment or credit risk adjustments that reflect the measurement on the basis of the net exposure β are allocated to the individual assets and liabilities on the basis of the relative risk adjustment of each of the individual instruments in the portfolio.
The fair value of a financial liability with a demand feature (e.g. a demand deposit) is not less than the amount payable on demand, discounted from the first date on which the amount could be required to be paid.
The Bank recognizes transfers between levels of the fair value hierarchy as of the end of the reporting period during which the change has occurred.
4.2.7 Expected credit losses (βECLsβ) The Bank recognises allowance for ECLs on the following financial instruments that are not measured at FVTPL:
β’ Balances with other banks;
β’ Loans and advances to customers; and
β’ Loan commitments and financial guarantee contracts issued. ECLs are required to be measured through a loss allowance at an amount equal to:
β’ 12-month ECL, i.e. lifetime ECL that result from those default events on the financial instrument that are possible within 12 months after the reporting date, (referred to as Stage 1); or
β’ full lifetime ECL, i.e. lifetime ECL that result from all possible default events over the life of the financial instrument, (referred to as Stage 2 and Stage 3).
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued) 4.2.7 Expected credit losses (βECLsβ) (continued)
A loss allowance for full lifetime ECL is required for a financial instrument if the credit risk on that financial instrument has increased significantly since initial recognition. For all other financial instruments, ECLs are measured at an amount equal to the12-month ECL. More details on the determination of a significant increase in credit risk are provided below.
ECLs are a probability-weighted estimate of the present value of credit losses. These are measured as the present value of the difference between the cash flows due to the Bank under the contract and the cash flows that the Bank expects to receive arising from the weighting of multiple future economic scenarios, discounted at the assetβs EIR.
β’ for undrawn loan commitments, the ECL is the difference between the present value of the difference between the contractual cash flows that are due to the Bank if the holder of the commitment draws down the loan and the cash flows that the Bank expects to receive if the loan is drawn down; and
β’ for financial guarantee contracts, the ECL is the difference between the expected payments to reimburse the holder of the guaranteed debt instrument less any amounts that the Bank expects to receive from the holder, the debtor or any other party.
The Bank measures ECL on an individual basis, or on a collective basis for portfolios of loans that share similar economic risk characteristics. The measurement of the loss allowance is based on the present value of the assetβs expected cash flows using the assetβs original EIR, regardless of whether it is measured on an individual basis or a collective basis. Credit-impaired financial assets
A financial asset is βcredit-impairedβ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Credit-impaired financial assets are referred to as Stage 3 assets. Evidence of credit-impairment includes observable data about the following events:
β’ significant financial difficulty of the borrower or issuer;
β’ a breach of contract such as a default or past due event;
β’ the lender of the borrower, for economic or contractual reasons relating to the borrowerβs financial difficulty, having granted to the borrower a concession that the lender would not otherwise consider;
β’ the disappearance of an active market for a security because of financial difficulties; or
β’ the purchase of a financial asset at a deep discount that reflects the incurred credit losses. It may not be possible to identify a single discrete event- instead, the combined effect of several events may have caused financial assets to become credit-impaired. The Bank assesses whether debt instruments that are financial assets measured at amortised cost or FVTOCI are credit-impaired at each reporting date. To assess if sovereign and corporate debt instruments are credit impaired, the Bank considers factors such as bond yields, credit ratings and the ability of the borrower to raise funding.
A loan is considered credit-impaired when a concession is granted to the borrower due to a deterioration in the borrowerβs financial condition, unless there is evidence that as a result of granting the concession the risk of not receiving the contractual cash flows has reduced significantly and there are no other indicators of impairment. For financial assets where concessions are contemplated but not granted the asset is deemed credit impaired when there is observable evidence of credit-impairment including meeting the definition of default.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued)
4.2.7 Expected credit losses (βECLsβ) (continued)
The definition of default (see below) includes unlikeliness to pay indicators and a backstop if amounts are overdue for 90 days or more. Definition of default
Critical to the determination of ECL is the definition of default. The definition of default is used in measuring the amount of ECL and in the determination of whether the loss allowance is based on 12-month or lifetime ECL, as default is a component of the probability of default (βPDβ) which affects both the measurement of ECLs and the identification of a significant increase in credit risk.
The Bank considers the following as constituting an event of default:
β’ the borrower is past due more than 90 days on any material credit obligation to the Bank; or
β’ the borrower is unlikely to pay its credit obligations to the Bank in full.
This definition of default is used by the Bank for accounting purposes as well as for internal credit risk management purposes and is broadly aligned to the regulatory definition of default. The definition of default is appropriately tailored to reflect different characteristics of different types of assets. Overdrafts are considered as being past due once the customer has breached an advised limit or has been advised of a limit smaller than the current amount outstanding.
When assessing if the borrower is unlikely to pay its credit obligation, the Bank takes into account both qualitative and quantitative indicators. The information assessed depends on the type of the asset, for example in corporate lending a qualitative indicator used is the breach of covenants, which is not relevant for retail lending. Quantitative indicators, such as overdue status and non-payment on another obligation of the same counterparty are key inputs in this analysis. The Bank uses a variety of sources of information to assess default which are either developed internally or obtained from external sources. As noted in the definition of credit impaired financial assets above, default is evidence that an asset is credit impaired. Therefore, credit impaired assets will include defaulted assets, but will also include other non-defaulted given the definition of credit impaired is broader than the definition of default. Significant increase in credit risk
The Bank monitors all financial assets, issued loan commitments and financial guarantee contracts that are subject to the impairment requirements to assess whether there has been a significant increase in credit risk since initial recognition. If there has been a significant increase in credit risk, the Bank will measure the loss allowance based on lifetime rather than 12-month ECL. The Bankβs accounting policy is not to use the practical expedient that financial assets with βlowβ credit risk at the reporting date are deemed not to have had a significant increase in credit risk. As a result, the Bank monitors all financial assets, issued loan commitments and financial guarantee contracts that are subject to impairment for significant increase in credit risk.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.2 Financial instruments (continued)
4.2.7 Expected credit losses (βECLsβ) (continued)
Significant increase in credit risk (continued)
In assessing whether the credit risk on a financial instrument has increased significantly since initial recognition, the Bank compares the risk of a default occurring on the financial instrument at the reporting date based on the remaining maturity of the instrument with the risk of a default occurring that was anticipated for the remaining maturity at the current reporting date when the financial instrument was first recognised. In making this assessment, the Bank considers both quantitative and qualitative information that is reasonable and supportable, including historical experience and forward-looking information that is available without undue cost or effort, based on the Bankβs historical experience and expert credit assessment including forward-looking information.
Multiple economic scenarios form the basis of determining the probability of default at initial recognition and at subsequent reporting dates. Different economic scenarios will lead to a different probability of default. It is the weighting of these different scenarios that forms the basis of a weighted average probability of default that is used to determine whether credit risk has significantly increased.
For corporate lending, forward-looking information includes the future prospects of the industries in which the Bankβs counterparties operate, obtained from economic expert reports, financial analysts, governmental bodies, relevant think-tanks and other similar organisations, as well as consideration of various internal and external sources of actual and forecast economic information. For retail, lending forward-looking information includes the same economic forecasts as corporate lending with additional forecasts of local economic indicators, particularly for regions with a concentration to certain industries, as well as internally generated information of customer payment behaviour. The Bank allocates its counterparties to a relevant internal credit risk grade depending on their credit quality. The quantitative information is a primary indicator of significant increase in credit risk and is based on the change in lifetime PD by comparing:
β’ the remaining lifetime PD at the reporting date; with
β’ the remaining lifetime PD for this point in time that was estimated based on facts and circumstances at the time of initial recognition of the exposure.
The PDs used are forward-looking and the Bank uses the same methodologies and data used to measure the loss allowance for ECL. The qualitative factors that indicate significant increase in credit risk are reflected in PD models on a timely basis. However, the Bank still considers separately some qualitative factors to assess if credit risk has increased significantly. For corporate lending there is particular focus on assets that are included on a βwatch listβ given an exposure is on a watch list once there is a concern that the creditworthiness of the specific counterparty has deteriorated. For retail lending, the Bank considers the expectation of forbearance and payment holidays, credit scores and events such as unemployment, bankruptcy, divorce or death.
Given that a significant increase in credit risk since initial recognition is a relative measure, a given change, in absolute terms, in the PD will be more significant for a financial instrument with a lower initial PD than compared to a financial instrument with a higher PD.
As a backstop when an asset becomes 30 days past due, the Bank considers that a significant increase in credit risk has occurred and the asset is in stage 2 of the impairment model, i.e. the loss allowance is measured as the lifetime ECL. In addition, loans that are individually assessed and are included on a watch list are in stage 2 of the impairment model. As noted if there is evidence of credit-impairment the assets are at stage 3 of the impairment model.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued) 4.2 Financial instruments (continued) 4.2.7 Expected credit losses (βECLsβ) (continued)
Write-off
Loans and debt securities are written off when the Bank has no reasonable expectations of recovering the financial asset (either in its entirety or a portion of it). This is the case when the Bank determines that the borrower does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. A write-off constitutes a derecognition event. The Bank may apply enforcement activities to financial assets written off. Recoveries resulting from the Bankβs enforcement activities will result in impairment gains, which will be presented in βnet impairment loss on financial assets/other incomeβ in profit or loss. Presentation of allowance for ECL in the statement of financial position
Loss allowances for ECL are presented in the statement of financial position as follows:
β’ for financial assets measured at amortised cost: as a deduction from the gross carrying amount of the assets;
β’ for loan commitments and financial guarantee contracts: as a provision; and
β’ where a financial instrument includes both a drawn and an undrawn component, and the Bank cannot identify the ECL on the loan commitment component separately from those on the drawn component: the Bank presents a combined loss allowance for both components. The combined amount is presented as a deduction from the gross carrying amount of the drawn component. Any excess of the loss allowance over the gross amount of the drawn component is presented as a provision.
4.2.8 Financial liabilities and equity
Debt and equity instruments that are issued are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangement. A financial liability is a contractual obligation to deliver cash or another financial asset or to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the Bank or a contract that will or may be settled in the Bankβs own equity instruments and is a non-derivative contract for which the Bank is or may be obliged to deliver a variable number of its own equity instruments, or a derivative contract over own equity that will or may be settled other than by the exchange of a fixed amount of cash (or another financial asset) for a fixed number of the Bankβs own equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Bank are recognised at the proceeds received, net of direct issue costs. Repurchase of the Bankβs own equity instruments is recognised and deducted directly in equity. No gain/loss is recognised in profit or loss on the purchase, sale, issue or cancellation of the Bankβs own equity instruments. Other financial liabilities Other financial liabilities, including borrowings, are initially measured at fair value, net of transaction costs. Other financial liabilities are subsequently measured at amortised cost using the effective interest method.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued) 4.2 Financial instruments (continued)
4.2.8 Financial liabilities and equity (continued)
Other financial liabilities
The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The EIR is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period, to the net carrying amount on initial recognition. For details on EIR, see the βnet interest income sectionβ below. Foreign exchange gains and losses
For financial liabilities that are denominated in a foreign currency and are measured at amortised cost at the end of each reporting period, the foreign exchange gains and losses are determined based on the amortised cost of the instruments. These foreign exchange gains and losses are recognised in the βother gains and lossesβ line item in profit or loss for financial liabilities that are not part of a designated hedging relationship. For those which are designated as a hedging instrument for a hedge of foreign currency risk, foreign exchange gains and losses are recognised in other comprehensive income and accumulated in a separate component of equity.
The fair value of financial liabilities denominated in a foreign currency is determined in that foreign currency and translated at the spot rate at the end of the reporting period. For financial liabilities that are measured as at FVTPL, the foreign exchange component forms part of the fair value gains or losses and is recognised in profit or loss for financial liabilities that are not part of a designated hedging relationship.
Modification and derecognition of financial liabilities
The Bank derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference between the carrying amount of the financial liability derecognised and consideration paid is recognised in profit and loss. Consideration paid includes non-financial assets transferred, if any, and the assumption of liabilities, including the new modified financial liability.
If the modification of a financial liability is not accounted for as derecognition, then the amortised cost of the liability is recalculated by discounting the modified cash flows at the original effective interest rate and the resulting gain or loss is recognised in profit and loss. For floating-rate financial liabilities, the original effective interest rate used to calculate the modification gain or loss is adjusted to reflect current market terms at the time of the modification. Any costs and fees incurred are recognised as an adjustment to the carrying amount of the liability and amortised over the remaining term of the modified financial liability by re-computing the effective interest rate on the instrument.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued) 4.3 Property and equipment
Items of property and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Where an item of property and equipment have different useful lives, then they are accounted for as separate items (major components) of property and equipment. Any gains or losses on disposal of an item of property and equipment is recognise in profit or loss.
Depreciation is calculated to write off the cost of items of property and equipment less their estimated residual values using the straight-line method over their estimated useful lives, and is generally recognised in recognised in the statement of profit and loss and other comprehensive income. Useful life based on
number of years Leasehold improvements 5Furniture and fixture 5Equipment 5Computer equipment 5Motor vehicles 4 - 5 Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. Work in progress is not depreciated until they are ready for use as intended by the management. Subsequent expenditure is capitalised only when it is probable that the future economic benefits of the expenditure will flow to the Bank. Ongoing repairs and maintenance are expensed as incurred. Gains or losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment and are recognised net within βother incomeβ in the statement of profit and loss. Fully depreciated property and equipment are retained in the statement of financial position until they are disposed of or written-off.
4.4 Software Computer software and related costs are stated at cost less accumulated amortisation and accumulated impairment losses, if any. Amortisation is recognised in the statement of profit and loss on a straight-line basis at the rate of 20% per annum. If there is an indication that there has been a significant change in amortisation rate or useful life of an intangible asset, the amortisation is revised prospectively to reflect the new expectations. Software in progress is not amortised until they are ready for use as intended by the management.
4.5 Leases
The Bank assesses whether a contract is or contains a lease, at inception of a contract.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.5 Leases (continued)
The Bank recognises a right-of-use asset and a corresponding lease liability with respect to all lease agreements in which it is the lessee, except for leases of low value assets. For these leases, the Bank recognises the lease payments as an operating expense on a straight-line basis over the term of the lease.
Right-of-use asset
The right-of-use asset comprises the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day and initial direct costs, if any. They are subsequently measured at cost less accumulated depreciation and impairment losses.
Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. The depreciation starts at the commencement date of the lease.
The right-of-use assets are presented as a separate line in the statement of financial position. Lease liability
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using its incremental borrowing rate which is interest that the Bank would have to pay to borrow over a similar term and with a similar security the funds necessary to obtain an asset of a similar value to the right-of-use-asset in a similar economic environment.
Lease payments included in the measurement of the lease liability comprise:
Fixed lease payments, less any lease incentives;
Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease.
The lease liability is presented as a separate line in the statement of financial position.
The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Bank remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever:
The lease term has changed in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate.
A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate.
Short-term leases and leases of low-value assets
The Bank applies the short-term lease recognition exemption to its short-term leases of office equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.6 Impairment of non-financial assets
The carrying amounts of the non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the assetβs recoverable amount is estimated.
The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less cost to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For the purpose of impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the βcash-generating unitβ).
An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its estimated recoverable amount. Impairment losses are recognised in the statement of profit and loss.
4.7 Employee benefits Short-term employee benefits
Short term employee benefits are accrued in the period in which the associated services are rendered by the employees of the Bank. Other long-term employee benefits
The Bankβs net obligation in respect of other long-term employee benefits is the amount of the benefit that employees have earned in return for their service in the current and prior periods. That benefit is discounted to determine its present value. Remeasurements are recognised in the statement of profit and loss in the period in which they arise.
4.8 Provisions
Provisions are recognised in the statement of financial position when the Bank has a present legal or constructive obligation as a result of a past event, and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability.
4.9 Effective interest method
Effective interest rate (βEIRβ) is a rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability. When calculating the effective interest rate, the Bank estimates the expected cash flow by considering all the contractual terms of the financial instrument, but not considering the expected credit loss. The calculation includes all fees and points paid or received between parties to the contract that are an integral part of the effective interest rate, transaction costs, and all other premiums or discounts. Transaction costs are incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or financial liability. An incremental cost is one that would not have been incurred if the entity had not acquired, issued or disposed of the financial instrument.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued) 4.9 Effective interest method (continued) 4.9.1 Interest income
Interest income are recognized in profit and loss using the effective interest method. It is calculated by applying the effective interest rate to the gross carrying amount of financial asset except for:
Purchased or originated credit-impaired financial assets. Credit-adjusted EIR is applied to the amortised cost of the financial assets.
Financial assets that are not purchased or originated credit-impaired financial assets but subsequently have become credit-impaired financial assets. EIR to the amortised cost of the financial asset in subsequent reporting periods is applied.
Credit-adjusted effective interest rate is a rate that exactly discounts the estimated future cash payment or receipts through the expected life of the financial asset to the amortised cost of a financial assets that is a purchased or originated credit-impaired financial asset. Interest income calculated using the effective interest method presented in the statement of comprehensive income includes interest on financial assets measured at amortized cost.
4.9.2 Interest expense
Interest expense is also calculated using the EIR method for all financial liabilities held at amortised cost. Interest expense presented in the statement of comprehensive income includes financial liabilities measured at amortized cost.
4.10 Other fees and income
Other fees and income are recognized as the related services are performed. A contract with a customer that results in a recognized financial instrument in the Bank and the Bankβs financial statements may be partially in the scope of CIFRS 9 and partially in the scope of CIFRS 15. If this is the case, then the Bank first applies CIFRS 9 to separate and measure the part of the contract that is in the scope of CIFRS 9 and then applies CIFRS 15 to the residual.
4.11 Income tax Income tax on the statement of profit and loss for the year comprises current and deferred tax. Income tax is recognised in the profit and loss except to the extent that it relates to items recognised directly to equity, in which case it is recognised in equity. Current tax is the expected tax payable on the taxable income for the year using tax rates enacted or substantially enacted at the reporting date, and any adjustments to tax payable in respect of previous years. Deferred tax is provided using the balance sheet method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted at the reporting date. A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.
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4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (continued)
4.12 Regulatory reserve
According to NBC Prakas No. B7-017-344 on Credit Risk Grading and Impairment Provisioning, any excess amount of impairment calculated in accordance with regulatory provision compared with the ECLs calculated under CIFRS 9 should be transferred from retained earnings (accumulated losses) to regulatory reserve (Note 19).
4.13 Related parties
Parties are considered to be related to the Bank if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions, or where the Bank and the other party are subject to common control or significant influence. Related parties may be individuals or corporate entities and include close family members of any individual considered to be a related party.
5. CRITICAL ACCOUNTING JUDGMENTS AND ESTIMATION The preparation of financial statements in accordance with CIFRSs requires the use of judgments, estimates and assumptions that affect the reported amounts and disclosures of assets and liabilities at the date of financial statements and the reported amounts and disclosures of revenues and expenses during the reporting period. The resulting accounting judgments and estimates will, by definition, seldom equal the related actual results. Judgments, estimates and assumptions are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
5.1 Judgments The following are the critical judgements, apart from those involving estimation (Note 5.2), that management has made in the process of applying the Bankβs accounting policies that have the most significant effect on the amounts recognised in the financial statements. (i) Significant increase in credit risk
As explained in Note 4, ECLs are measured as an allowance equal to 12-month ECL for stage 1 assets, or lifetime ECL for stage 2 or stage 3 assets. An asset moves to stage 2 when its credit risk has increased significantly since initial recognition. CIFRS 9 does not define what constitutes a significant increase in credit risk. In assessing whether the credit risk of an asset has significantly increased, the Bank takes into account qualitative and quantitative reasonable and supportable forward-looking information.
(ii) Business model assessment
Classification and measurement of financial assets depends on the results of the SPPI and the business model test. The Bank determines the business model at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. This assessment includes judgement reflecting all relevant evidence including how the performance of the assets is evaluated and their performance is measured, the risks that affect the performance of the assets and how these are managed and how the managers of the assets are compensated.
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5. CRITICAL ACCOUNTING JUDGMENTS AND ESTIMATION (continued)
5.1 Judgments (continued)
(ii) Business model assessment (continued)
The Bank monitors financial assets measured at amortised cost or fair value through other comprehensive income that are derecognised prior to their maturity to understand the reason for their disposal and whether the reasons are consistent with the objective of the business for which the asset was held. Monitoring is part of the Bankβs continuous assessment of whether the business model for which the remaining financial assets are held continues to be appropriate and if it is not appropriate whether there has been a change in business model and so a prospective change to the classification of those assets.
(iii) Establishing groups of assets with similar credit risk characteristics
When ECLs are measured on a collective basis, the financial instruments are grouped on the basis of shared risk characteristics. Note 4.2 provides details of the characteristics considered in this judgement. The Bank monitors the appropriateness of the credit risk characteristics on an ongoing basis to assess whether they continue to be similar. This is required in order to ensure that should credit risk characteristics change there is appropriate re-segmentation of the assets. This may result in new portfolios being created or assets moving to an existing portfolio that better reflects the similar credit risk characteristics of that group of assets.
Re-segmentation of portfolios and movement between portfolios is more common when there is a significant increase in credit risk (or when that significant increase reverses) and so assets move from 12-month to lifetime ECLs, or vice versa, but it can also occur within portfolios that continue to be measured on the same basis of 12-month or lifetime ECLs but the amount of ECL changes because the credit risk of the portfolios differ.
(iv) Models and assumptions used
The Bank uses various models and assumptions in measuring fair value of financial assets as well as in estimating ECL. Judgement is applied in identifying the most appropriate model for each type of asset, as well as for determining the assumptions used in these models, including assumptions that relate to key drivers of credit risk.
5.2 Estimation
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Bank based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond the control of the Bank. Such changes are reflected in the assumptions when they occur. (i) Taxes
Taxes are calculated on the basis of the tax laws and regulations and its current interpretation. However, these regulations are subject to periodic variation and the ultimate determination of tax expense will be made following inspection by the General Department of Taxation (βGDTβ). The Bankβs tax returns are subject to periodic examination by the GDT. As the application of tax laws and regulations to many types of transactions are susceptible to varying interpretations, amounts reported in the financial statements could be changed at a later date upon final determination by the GDT.
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5. CRITICAL ACCOUNTING JUDGMENTS AND ESTIMATION (continued)
5.2 Estimation (continued)
(ii) Establishing the number and relative weightings of forward-looking scenarios for each
type of product/market and determining the forward-looking information relevant to each scenario:
When measuring ECL, the Bank uses reasonable and supportable forward-looking information, which is based on assumptions for the future movement of different economic drivers and how these drivers will affect each other. Note 4.2 provides more details regarding the estimated forward-looking information.
(iii) Probability of default
PD constitutes a key input in measuring ECL. PD is an estimate of the likelihood of default over a given time horizon, the calculation of which includes historical data, assumptions and expectations of future conditions. Note 4.2 provides more details, including analysis of the sensitivity of the reported ECL to changes in PD resulting from changes in economic drivers.
(iv) Loss given default (LGD)
LGD is an estimate of the loss arising on default. It is based on the difference between the contractual cash flows due and those that the lender would expect to receive, taking into account cash flows from collateral and integral credit enhancements. See note 4.2 for more details, including analysis of the sensitivity of the reported ECL to changes in LGD resulting from changes in economic drivers.
6. CASH ON HAND
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent(Note 2.3)
US dollar 18,691 76,166 343,319 1,379,456 Khmer Riel 10 41 188 755
18,701 76,207 343,507 1,380,211
For the purpose of the statement of cash flows, cash and cash equivalents comprise:
31 December 2019 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Cash on hand 18,701 76,207 343,507 1,380,211 Balances with NBC 122,502 499,196 100,517 403,877 Balances with other banks 1,079,294 4,398,123 284,169 1,141,791
1,220,497 4,973,526 728,193 2,925,879
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
45
7. BALANCE WITH THE NBC This represent a current account with the NBC denominated in US$. 8. BALANCES WITH OTHER BANKS
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3)Mega International Commercial
Bank Co., Ltd - Phnom Penh Branch 220,245 897,498 279,948 1,124,831
Maybank (Cambodia) Plc. - Phnom Penh Branch 881 3,590 937 3,765
ACLEDA Bank Plc. 51,207 208,669 - -Canadia Bank Plc. 806,961 3,288,366 3,284 13,195
1,079,294 4,398,123 284,169 1,141,791
Allowance for ECLs (18,472) (75,273) (202) (812)
1,060,822 4,322,850 283,967 1,140,979
These are current accounts denominated in KHR and US$ which earn annual interest at rates ranging from 0% to 0.2%.
9. LOANS AND ADVANCES TO CUSTOMERS
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000 equivalent
(Note 2.3)equivalent (Note 2.3)
(As restated - Note 3)Consumer loans Housing loans 68,379,140 278,644,996 21,049,014 84,574,938 Term loans 2,421,771 9,868,716 447,763 1,799,111
Total loans and advances to customers β gross 70,800,911 288,513,712 21,496,777 86,374,049
Unamortised processing fee income (434,260) (1,769,610) (213,571) (858,128)
Carrying amount 70,366,651 286,744,102 21,283,206 85,515,921
Allowance for ECLs (7,970) (32,477) (796) (3,198)
Loans and advances - net 70,358,681 286,711,625 21,282,410 85,512,723
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
46
9. LOANS AND ADVANCES TO CUSTOMERS - NET (continued)
Breakdown of allowance for ECLs on loans and advances to customers is as follows:
2019 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Stage 1 7,970 32,477 796 3,198 Stage 2 - - - -Stage 3 - - - -
Total 7,970 32,477 796 3,198
Further analyses of loans and advances to customers are as follows: (i) Staging of gross loan portfolio
2019 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Stage 1 70,800,911 288,513,713 21,496,777 86,374,049 Stage 2 - - - -Stage 3 - - - -
Total 70,800,911 288,513,713 21,496,777 86,374,049
(ii) Refer to Note 28.2 on Credit risk for analysis of loan quality.
(iii) Refer to Note 28.2 on Credit risk for analysis of loans by maturity, type, currency,
security, residency, relationship, and exposure
(iv) By interest rate (annum): 2019 2018
Interest rate per annum 7.5% - 9% 8% - 9%
10. STATUTORY DEPOSIT
Under NBC Prakas No. B7-01-136 dated 15 October 2001, banks are required to maintain a capital guarantee of 10% of registered capital with the NBC. This deposit is not available for use in the Bankβs day-to-day operations but is refundable when the Bank voluntarily ceases to operate the business in Cambodia. The statutory deposits earns interest at 0.54% - 0.72% per annum (2018:0.46% - 0.62% per annum).
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
47
11. OTHER ASSETS
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000 equivalent
(Note 2.3) equivalent (Note 2.3)
(As restated - Note 3) Security deposits 19,800 80,685 15,300 61,475 Prepayments - - 4,478 17,993 Others 2,345 9,555 7,557 30,364
22,145 90,240 27,335 109,832
12. SOFTWARE
Computer
softwareSoftware in
progress Total US$ US$ US$2019 Cost As at 1 January 2019 430,971 - 430,971 Additions 53,945 165,137 219,082
At 31 December 2019 484,916 165,137 650,053
Accumulated amortization As at 1 January 2019 200,823 - 200,823 Charge during the year 91,422 - 91,422
As at 31 December 2019 292,245 - 292,245
Net book value
As at 31 December 2019 192,671 165,137 357,808
In KHRβ000 equivalent (Note 2.3) 785,134 672,934 1,458,068
Computer
softwareSoftware in
progress Total US$ US$ US$2018 Cost
As at 1 January 2018 421,558 - 421,558 Additions 9,413 - 9,413
As at 31 December 2018 430,971 - 430,971
Accumulated amortisation As at 1 January 2018 114,842 - 114,842 Charge during the year 85,981 - 85,981
As at 31 December 2018 200,823 - 200,823
Net book value
As at 31 December 230,148 - 230,148
In KHRβ000 equivalent (Note 2.3) 924,735 - 924,735
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
48
13. PROPERTY AND EQUIPMENT
Leasehold improvements
Furniture and fixture Equipment
Computer equipment Motor vehicles Total
US$ US$ US$ US$ US$ US$ 2019 Cost As at 1 January 2019 811,626 49,067 173,555 43,884 216,571 1,294,703 Additions 5,169 - 19,650 16,149 - 40,968 Disposals - - (4,450) - - (4,450)
As at 31 December 2019 816,795 49,067 188,755 60,033 216,571 1,331,221
Accumulated depreciation As at 1 January 2019 384,616 26,283 82,630 22,157 101,024 616,710 Charge during the year 162,841 9,564 35,477 10,057 43,296 261,235 Disposals - - (2,886) - - (2,886)
As at 31 December 2019 547,457 35,847 115,221 32,214 144,320 875,059
Net book value
As at 31 December 2019 269,338 13,220 73,534 27,819 72,251 456,162
In KHRβ000 equivalent (Note 2.3) 1,097,552 53,872 299,651 113,362 294,423 1,858,860
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
49
13. PROPERTY AND EQUIPMENT (continued)
Leasehold improvements
Furniture and fixture Equipment
Computer equipment Motor vehicle Total
US$ US$ US$ US$ US$ US$ 2018 Cost As at 1 January 2018 811,626 49,067 170,661 42,134 216,571 1,290,059 Additions - - 7,180 1,750 - 8,930 Disposals - - (4,286) - - (4,286)
As at 31 December 2018 811,626 49,067 173,555 43,884 216,571 1,294,703
Accumulated depreciation As at 1 January 2018 222,176 16,719 50,269 13,603 57,728 360,495 Charge during the year 162,440 9,564 34,207 8,554 43,296 258,061 Disposals - - (1,846) - - (1,846)
As at 31 December 2018 384,616 26,283 82,630 22,157 101,024 616,710
Net book value
As at 31 December 2018 427,010 22,784 90,925 21,727 115,547 677,993
In KHRβ000 equivalent (Note 2.3) 1,715,726 91,546 365,337 87,299 464,268 2,724,176
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
50
14. LEASES
Right-of-use asset
The Bank entered into a lease contract for office premise used in its operations with a lease term of 6 years. The Bankβs obligation under this lease is secured by the lessorβs title to the leased asset.
The Bank also leases two printing machines with lease terms more than 12 months, but considered as low-value assets. As such, the Bank applies the βshort-term leaseβ and βlease of low-value assetsβ recognition exemption for these leases. Rental expense on low-value assets was recognised under other operating expenses (Note 23).
Set out below are the carrying amounts of right-of-use asset and lease liability recognized and the movements during the year: Right-of-use asset
2019 2018 US$ KHRβ000 US$ KHRβ000 equivalent
(Note 2.3) equivalent (Note 2.3)
(As restated - Note 3) Cost As at 1 January 593,554 2,384,900 593,554 2,396,177 Exchange difference on
translation - 33,833 - (11,277)As at 31 December 593,554 2,418,733 593,554 2,384,900
Accumulated amortisation As at 1 January 280,290 1,126,205 181,364 732,166 Charge during the year 98,926 400,848 98,926 400,156 Exchange difference on
translation - 18,253 - (6,117)As at 31 December 379,216 1,545,306 280,290 1,126,205
Carrying amount
As at 31 December 214,338 873,427 313,264 1,258,695
Lease liability
2019 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) As at 1 January 352,231 1,415,264 452,386 1,826,283 Accretion of interest 14,721 59,648 19,845 80,272 Payments (120,000) (486,240) (120,000) (485,400)Exchange difference on
translation - 17,657 - (5,891)
As at 31 December 246,952 1,006,329 352,231 1,415,264
Current and non-current portion Current 110,666 450,964 105,279 423,011 Non-current 136,286 555,365 246,952 992,253
246,952 1,006,329 352,231 1,415,264
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
51
14. LEASES (continued)
The following amounts were recognised in profit or loss:
2019 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) Depreciation of right-of-use
asset 98,926 400,848 98,926 400,156 Lease of low-value assets
(Note 23) 3,786 15,341 3,655 14,785 Accreted interest on lease
liability (Note 20) 14,721 59,649 19,845 80,273
Total lease expenses 117,433 475,838 122,426 495,214
15. INCOME TAX
(i) Current income tax liability
2019 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
As at 1 January 47,705 191,679 2,284 9,221 Income tax expense 621,526 2,518,423 64,760 261,954 Income tax paid (87,164) (353,189) (19,339) (78,226)Exchange difference on
translation - 15,010 - (1,270)
As at 31 December 582,067 2,371,923 47,705 191,679
(ii) Income tax expense
For the year ended
31 December 2019 For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) Current income tax 621,526 2,518,423 64,760 261,954 Deferred tax (114,000) (461,928) - -
Income tax expense 507,526 2,056,495 64,760 261,954
In accordance with Cambodian Law on Taxation, the Bank has an obligation to pay corporate income tax of either the profit tax at the rate of 20% of taxable profit or the minimum tax at 1% of annual turnover, whichever is higher.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
52
15. INCOME TAX (continued)
(ii) Income tax expense (continued) The reconciliation of income tax expense computed at the statutory tax rate of 20% to the income tax expense shown in the statement of profit or loss is as follows:
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) Profit before tax 2,750,607 11,145,461
102,686 415,364
Income tax at statutory rate of 20% 550,121 2,229,090 20,537 83,073
Non-deductible expenses 6,403 25,945 21,164 85,608 Tax loss utilisation - - (4,600) (18,607)Prior yearβs unrecognised
temporary differences (48,998) (198,540) 27,659 111,880
Income tax expense 507,526 2,056,495 64,760 261,954
(iii) Deferred tax assets
Temporary differences recognized during the year giving rise to deferred tax assets are as follows: 2019 2018
US$ KHRβ000 US$ KHRβ000
equivalent (Note 2.3)
equivalent (Note 2.3)
Deferred tax assets Lease under CIFRS 16 6,523 26,581 - -
ECLs under CIFRS9 5,288 21,549 - -Provision for seniority
indemnity 6,381 26,003 - -Unamortised loan
processing fees 86,852 353,922 - -Others 11,083 45,163 - -
Deferred tax liability Property and equipment (2,127) (8,668) - -
Deferred tax assets - net 114,000 464,550 - -
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
53
16. OTHER LIABILITES
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) Accrued expenses 133,537 544,163 155,196 623,578 Provision for seniority indemnity 31,902 130,001 54,020 217,052 Salary payable 11,026 44,931 6,694 26,896 Allowance for off-balance sheet items - - 13 52 Withholding tax payable 1,970 8,028 8,350 33,550 Others 15,889 64,748 366,197 1,471,380
194,324 791,871 590,470 2,372,508
Provision was made for seniority indemnity payment required by Prakas No. 443 issued by the Ministry of Labour and Vocational Training on 21 September 2018. The Prakas was subsequently amended by Instruction No. 042/19 dated 22 March 2019 now requiring all employers, other than those in the garment and footwear sector, to settle retroactive seniority indemnity to their employees, as follows:
Equal to three days payable every June; and
Equal to three days payable every December. The retroactive seniority payment shall not exceed 6 months of an employeeβs average wage of each retrospective year. Employees are not entitled to the payment if they resign before receiving it.
Movements of provision for seniority indemnity are as follows:
2019 2018
US$ KHRβ000 US$ KHRβ000 equivalent
(Note 2.3) equivalent (Note 2.3)
As at 1 January 54,020 217,052 - -(Reversal of) provision during the
year (22,118) (89,622) 54,020 218,511 Exchange difference on translation - 2,571 - (1,459)
As at 31 December 31,902 130,001 54,020 217,052
17. BORROWING
On 7 November 2016, the Bank entered into a borrowing agreement with a shareholder, Mr. Vong Pech, for a total amount of US$15,000,000 with interest rate at 5% per annum. The borrowing had maturity of five years effective from the date of first drawdown. The borrowing was fully paid on 3 April 2019.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
54
18. SHARE CAPITAL
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Registered, issued and fully paid ordinary shares of US$15,000 each 77,490,000 309,960,000 15,000,000 60,000,000
On 26 June 2019, the Bank obtained its commercial bank license from the NBC and thus increased its share capital from US$ 15,000,000 to US$ 77,490,000. All amendments to the Bankβs legal documents submitted to relevant authorities following the change in the Bankβs status were fully completed on 13 February 2020.
Details of shareholding are as follows: 31 December 2019 31 December 2018
% of
ownershipnumber of share
amountUS$
% of ownership
number of share
amountUS$
Mr. Vong Pech 94.19% 4,866 72,990,000 70% 700 10,500,000Mr. Lau Yao Zhong 5.81% 300 4,500,000 30% 300 4,500,000
100% 5,166 77,490,000 100% 1,000 15,000,000
19. REGULATORY RESERVE
A regulatory reserve is established for the difference between the provision for expected credit losses as determined in accordance with CIFRS 9 and the regulatory provision in accordance with NBC Prakas No. B7-017-344 dated 1 December 2017 and Circular No. B7-018-001 dated 16 February 2018 on credit risk classification and provisioning for banks and financial institutions. An entity shall compare the regulatory provision with the provision calculated in accordance with CIFRS 9, and:
(i) In case the regulatory provision calculated is lower than the provision calculated in accordance with CIFRS 9, the entity records the provision calculated in accordance with CIFRS 9; and
(ii) In case the regulatory provision calculated is higher than the provision calculated in CIFRS 9, the entity records the provision calculated in accordance with CIFRS 9 and transfer the difference from the retained earnings (accumulated losses) to regulatory reserve in the shareholdersβ equity of the statement of the financial position.
The Prakas on regulatory provision requires banks and financial institutions to classify their loan portfolio into five classes and provide general and specific allowance based on the loan classification as follows:
Classification Number of days past due Allowance rate Standard
0 to 14 days (short-term) 0 to 29 days (long-term) 1%
Special mention 15 days to 30 days (short-term) 30 days to 89 days (long-term) 3%
Substandard 31 days to 60 days (short-term) 90 days to 179 days (long-term) 20%
Doubtful 61 days to 90 days (short-term) 180 days to 359 days (long-term) 50%
Loss From 91 days (short-term) 360 days or more (long-term) 100%
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
55
19. REGULATORY RESERVE (continued)
The movements in regulatory reserve are as follows:
2019 2018
US$ KHRβ000 US$ KHRβ000equivalent(Note 2.3)
equivalent (Note 2.3)
Balance as at 1 January 221,850 895,644 223,730 903,198 Transfer to (from) regulatory reserve 480,304 1,957,239 (1,880) (7,554)
Balance as at 31 December 702,154 2,852,883 221,850 895,644
20. NET INTEREST INCOME
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3)Interest income
Loans and advances to customers 4,415,457 17,891,432 2,047,223 8,281,017
Balances with other banks 22,363 90,615 4,146 16,771
4,437,820 17,982,047 2,051,369 8,297,788 Interest expense
Borrowing 106,056 429,739 469,041 1,897,271 Lease liability 14,721 59,649 19,845 80,273
120,777 489,388 488,886 1,977,544
Net interest income 4,317,043 17,492,659 1,562,483 6,320,244
21. OTHER OPERATING INCOME
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3)
Foreign exchange gains - net 28,162 114,112 396 1,602 Penalty income 22,617 91,644 9,256 37,440 Others 635 2,574 - -
51,414 208,330 9,652 39,042
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
56
22. PERSONNEL EXPENSES
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Salaries 643,135 2,605,983 543,585 2,198,801 Other staff benefits 182,324 738,777 220,821 893,221
825,459 3,344,760 764,406 3,092,022
23. OTHER OPERATING EXPENSES
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) Professional fee 54,507 220,862 33,908 137,158 License and membership fee 54,306 220,048 24,380 98,617 Other taxes 44,288 179,455 97,695 395,176 Repairs and maintenance 39,631 160,585 33,807 136,749 Stamp and registration 33,891 137,326 338 1,367 Utilities 15,256 61,817 14,602 59,065 Security 15,083 61,116 15,576 63,005 Business meals and entertainment 13,850 56,120 7,092 28,687 Transportation 10,814 43,818 11,628 47,035 Office supplies 9,341 37,850 2,047 8,280 Communication 6,966 28,226 6,889 27,866 Insurance 4,478 18,145 4,823 19,509 Lease of low-value assets 3,786 15,341 3,655 14,785Advertising 726 2,942 424 1,715 Others 8,456 34,265 7,598 30,735
315,379 1,277,916 264,462 1,069,749
24. PROVISIONS (REVERSAL OF PROVISIONS) FOR EXPECTED CREDIT LOSSES
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
(As restated - Note 3) Balances with other banks 18,269 74,026 (75) (303) Loans and advances to customers 7,173 29,065 (2,200) (8,899) Loan commitments (13) (53) (112) (453)
Net 25,429 103,038 (2,387) (9,655)
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
57
25. RELATED PARTY TRANSACTIONS AND BALANCES 25.1 Outstanding balance with a shareholder
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Borrowing (Note 17) - - (8,300,000) (33,349,400)
25.2 Significant transactions with shareholders
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Rental of land and building 120,000 486,240 120,000 485,400 Interest expense 106,056 429,738 469,041 1,897,271 Drawdown from borrowing - - 4,800,000 19,416,000 Repayment of borrowing 8,300,000 33,822,500 5,300,000 21,438,500
25.3 Key management compensation
For the year ended 31 December 2019
For the year ended 31 December 2018
US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
Salaries and benefits (*) 563,079 2,281,596 457,988 1,852,561
(*) There are 7 key management personnel as at 31 December 2019 (2018: 5 personnel).
26. COMMITMENT AND CONTINGENCY 26.1 Credit commitment
2019 2018
US$ KHRβ000
equivalentUS$
KHRβ000
equivalent (Note 2.3) (Note 2.3)
Undisbursed portion of loans and advances - - 500,375 2,010,507
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
58
26.2 Taxation contingency
The taxation system in Cambodia has undergone numerous changes and is characterized by either often unclear, contradictory and/or differing interpretations existing among numerous taxation authorities and jurisdictions. Taxes are subject to review and investigation by a number of authorities, who are enabled by law to impose severe fines, penalties and interest charges. These facts may create tax risks in Cambodia substantially more significant than in other countries.
Management believes that it has adequately provided for tax liabilities based on its interpretation of tax legislation. However, the relevant authorities may have differing interpretations and the effects since the incorporation of the Bank and its subsidiaries could be significant.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
59
27. MATURITY PROFILE OF ASSETS AND LIABILITIES
The following table shows an analysis of assets and liabilities as to whether they are expected to be recovered or settled within one year or beyond one year from the statement of financial position date:
31 December 2019 31 December 2018 Within one year Beyond one year Total Within one year Beyond one year Total
US$ US$ US$ US$ US$ US$
Financial assets Cash on hand 18,701 - 18,701 343,507 - 343,507 Balance with NBC 122,502 - 122,502 100,517 - 100,517 Balances with other banks 1,060,822 - 1,060,822 283,967 - 283,967 Loans and advances to customers
- gross 1,700,207 69,100,704 70,800,911 1,639,894 19,856,883 21,496,777 Unamortised processing fee
income (434,260) - (434,260) (213,571) - (213,571) Other assets 22,145 - 22,145 22,857 - 22,857
2,490,117 69,100,704 71,590,821 2,177,171 19,856,883 22,034,054
Non-financial assets Statutory deposit - 7,750,000 7,750,000 - 750,000 750,000 Property and equipment - 1,331,221 1,331,221 - 1,294,703 1,294,703 Right-of-use asset - 593,554 593,554 - 593,554 593,554 Software - 650,053 650,053 - 430,971 430,971 Deferred tax assets - 114,000 114,000 - - - Other assets - - - 4,478 - 4,478
- 10,438,828 10,438,828 4,478 3,069,228 3,073,706
2,490,117 79,539,532 82,029,649 2,181,649 22,926,111 25,107,760
Allowance for ECLs (7,970) (796) Accumulated depreciation and amortization of non-financial assetsοΏ½ (1,546,520) (1,097,823)
Total assets 80,475,159 24,009,141
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
60
27. MATURITY PROFILE OF ASSETS AND LIABILITIES (continued)
31 December 2019 31 December 2018 Within one year Beyond one year Total Within one year Beyond one year Total
US$ US$ US$ US$ US$ US$
Financial liabilitiesBorrowing - - - - 8,300,000 8,300,000 Lease liability 110,666 136,286 246,952 105,279 246,952 352,231 Other liabilities 181,328 - 181,328 575,426 - 575,426
291,994 136,286 428,280 680,705 8,546,952 9,227,657
Non-financial liabilities Other liabilities 12,996 - 12,996 15,044 - 15,044 Current income tax liability 582,067 - 582,067 47,705 - 47,705
595,063 - 595,063 62,749 - 62,749
Total liabilities 887,057 136,286 1,023,343 743,454 8,546,952 9,290,406
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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28. FINANCIAL RISK MANAGEMENT
The Bank has exposure to the following risks from financial instruments:
Operational risk;
Credit risk;
Market risk; and
Liquidity risk This note presents information about the Bankβs exposure to each of the above risks and the Bank βs objectives, policies and processes for measuring and managing risk, and the Bankβs management of capital. Risk management functional and governance structure
The Bankβs activities expose it to a variety of financial risks: credit risk, market risk (including currency risk, interest rate risk and price risk) and liquidity risk. Taking risk is core to the financial business, and the operational risks are an inevitable consequence of being in business.
The Bank does not use derivative financial instruments such as foreign exchange contract and interest rate swaps to manage its risk exposure.
A primary objective of the Bank in risk management is to comply with NBCβs regulations. On the other hand, the Bank has recognized the importance of achieving international best practices on risk management. The Board of Directors has established a Credit Committee to formulate broad parameters of acceptable risk for the Bank and monitor the activities against these parameters.
28.1 Operational risk
Operational risk is the risk of direct or indirect loss arising from inadequate or failed internal processes, personnel, technology and infrastructure, and from external factors other than credit, market and liquidity risks such as those arising from legal and regulatory requirements and generally accepted standards of corporate behavior. The operational risk loss is managed through established operational risk management processes, proper monitoring and reporting of the business activities by control and support units which are independent of the business units and oversight provided by the senior management of the Bank. The Bankβs operational risk management entails the establishment of clear organizational structures, roles and control policies. Various internal control policies and measures have been implemented including the establishment of signing authorities, defining system parameters controls, streamlining procedures and documentation and compliance with regulatory and other legal requirements. These are continually reviewed to address the operational risks of the business unit as well as to assess the level of compliance with the Bank policies by a program of periodic reviews undertaken by the internal audit function. The results of internal audit reviews are discussed with the management of the business unit to which they relate, with summaries submitted to the Audit Board Committee and senior management of the Bank.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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28. FINANCIAL RISK MANAGEMENT (continued) 28.2 Credit risk
The Bank takes on exposure to credit risk, which is the risk that a counterparty will cause a financial loss to the Bank by failing to discharge an obligation. Credit risk is the most important risk for the Bankβs business. Credit exposure arises principally in lending activities that lead to loans and advances. There is also credit risk in off-balance sheet financial instruments, such as loan commitments. The lending activities are guided by the Bankβs credit policy to ensure that the overall objectives in the area of lending are achieved; i.e., that the loan portfolio is strong and credit risks are well diversified. The credit policy documents the lending policy, collateral policy and credit approval processes, including the Bankβs own internal grading system, and procedures implemented to ensure compliance with the NBCβs guidelines. (a) Credit risk measurement
The Bank assesses the probability of default of individual counterparties using internal rating tool. Local credit committee is responsible for determining the risk rating policies.
Risk ratings are reviewed and updated regularly, and in events of (i) change of loan terms and conditions including extension; (ii) repayment irregularities or delinquencies and (iii) adverse information relating to the borrower or transaction.
(b) Risk limit control and mitigation policies
The Bank operates and provides loans and advances to individuals or enterprises within the Kingdom of Cambodia. The Bank manages, limits and controls the concentration of credit risk whenever it is identified. Large exposure is defined by the NBC as overall credit exposure to any individual beneficiary which exceeds 10% of the Bankβs net worth.
The Bank is required, under the conditions of NBC Prakas No. B7-06-226, to maintain at all times a maximum ratio of 20% between the Bankβs overall credit exposure to any single beneficiary and the Bankβs net worth. The aggregate of large credit exposure must not exceed 300% of the Bankβs net worth. The Bank employs a range of policies and practices to mitigate credit risk. The most traditional of these is the taking of security in the form of collateral for loans and advances to customers, which is common practice. The Bank implements guidelines on the acceptability of specific classes of collateral or credit risk mitigation. The principal collateral types to secure for loans and advances to customers are:
Mortgages over residential properties (land, building and other properties);
Charges over business assets such as land and buildings; and
Cash in the form of margin deposits.
(c) Management of credit risk
Developing and maintaining the Bankβs processes for measuring ECL: This includes processes for:
- initial approval, regular validation and back-testing of the models used;
- determining and monitoring significant increase in credit risk; and
- incorporation of forward-looking information.
Reviewing compliance of business units with agreed exposure limits, including those for selected industries, country risk and product types. Regular reports on the credit quality of local portfolios are provided to Bank Credit, which may require appropriate corrective action to be taken. These include reports containing estimates of ECL allowances.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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28. FINANCIAL RISK MANAGEMENT (continued) 28.2 Credit risk (continued)
(c) Management of credit risk (continued)
Providing advice, guidance and specialist skills to business units to promote best practice throughout the Bank in the management of credit risk.
(d) Maximum exposure to credit risk before collateral held or other credit enhancements
Details of maximum exposure to credit risk before collateral held or other credit enhancements are as follows: 31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
On-balance sheet
financial assets Cash and cash equivalents 18,701 76,207 343,507 1,380,211 Balances with the NBC 122,502 499,196 100,517 403,877 Balances with other banks 1,060,822 4,322,850 283,967 1,140,978 Loans and advances - net 70,358,681 286,711,625 21,282,410 85,512,724 Other assets 22,145 90,241 22,856 91,835
71,582,851 291,700,119 22,033,257 88,529,625 Off-balance sheet item Credit commitments - - 500,375 2,010,507
Total credit exposure 71,582,851 291,700,119 22,533,632 90,540,132
(e) Concentration of risk
Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate the relative sensitivity of the Bankβs performance to developments affecting a particular industry or geographic location. The Bank monitors concentration of credit risk of counterparty by industry. An analysis of concentration of the credit risk as at the reporting date for loans and advances to customer is shown below:
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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28. FINANCIAL RISK MANAGEMENT (continued) 28.2 Credit risk (continued)
(e) Concentration of risk (continued)
31 December 2019 31 December 2018 US$ KHRβ000 US$ KHRβ000
equivalent(Note 2.3)
equivalent (Note 2.3)
By maturity
Within 1 month 460,126 1,875,013 304,048 1,221,665 1 to 3 months 222,515 906,749 252,521 1,014,629 3 to 12 months 1,017,566 4,146,581 1,083,325 4,352,800 1 to 3 years 2,656,548 10,825,433 3,107,823 12,487,233 3 to 5 years 5,005,983 20,399,381 2,714,509 10,906,897 Over 5 years 61,438,173 250,360,555 14,034,551 56,390,825
70,800,911 288,513,712 21,496,777 86,374,049
By security Secured 23,249,561 94,741,961 18,971,106 76,225,904 Unsecured 47,551,350 193,771,751 2,525,671 10,148,145
70,800,911 288,513,712 21,496,777 86,374,049
By types Housing 68,379,140 278,644,996 21,049,014 84,574,938 Term loan 2,421,771 9,868,716 447,763 1,799,111
70,800,911 288,513,712 21,496,777 86,374,049
By currency US dollar 62,361,397 254,122,692 21,496,777 86,374,049 Khmer riel 8,439,514 34,391,020 - -
70,800,911 288,513,712 21,496,777 86,374,049
By residency Non-residents 50,501,044 205,791,754 - -Residents 20,299,867 82,721,958 21,496,777 86,374,049
70,800,911 288,513,712 21,496,777 86,374,049
By relationship
Non-related parties 70,800,911 288,513,712 21,496,777 86,374,049
By exposure: Large exposures 16,041,228 65,368,002 2,026,432 8,142,204 Non-large exposures 54,759,683 223,145,710 19,470,345 78,231,845
Total 70,800,911 288,513,712 21,496,777 86,374,049
Interest rates (per annum) 7.5% - 9% 8% - 9%
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
65
28. FINANCIAL RISK MANAGEMENT (continued)
28.2 Credit risk (continued)
(e) Concentration of risk (continued)
A βlarge exposureβ is defined under NBC Prakas as the overall gross exposure of the aggregate balance of loans and advances with one single beneficiary, which exceeds 10% of the Bankβs net worth. The exposure is the higher of the outstanding loans or commitments and the authorised loans or commitment.
31 December 2019 Stage 1 Stage 2 Stage 3 Total
US$ US$ US$ US$
Cash and cash equivalents 18,701 - - 18,701 Balance with the NBC 122,502 - - 122,502 Balances with other banks β
gross 1,079,294 - - 1,079,294 Loans and advances to
customers - gross 70,800,911 - - 70,800,911 Other assets 22,145 - - 22,145
72,043,553 - - 72,043,553
(18,472) - - (18,472)Allowance for ECLs Balances with other banks Loans and advances to customers (7,970) - - (7,970)
72,017,111 - - 72,017,111
In KHR'000 equivalent (Note 2.3) 293,469,728 - - 293,469,728
31 December 2018 Stage 1 Stage 2 Stage 3 Total
US$ US$ US$ US$
2018 Cash and cash equivalents 343,507 - - 343,507
Balances with the NBC 100,517 - - 100,517 Balances with other banks β
gross 284,169 - - 284,169 Loans and advances to
customers - gross 21,496,777 - - 21,496,777 Other assets 22,856 - - 22,856
22,247,826 - - 22,247,826
(202) - - (202)Allowance for ECLs Balances with other banks Loans and advances to customers (796) - - (796)
22,246,828 - - 22,246,828
In KHR'000 equivalent (Note 2.3) 89,387,755 - - 89,387,755
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.)
NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
66
28. FINANCIAL RISK MANAGEMENT (continued)
28.2 Credit risk (continued)
(e) Concentration of risk (continued)
The Bank applies a three-stage approach based on the change in credit quality since initial recognition:
Allowance for impairment will be made based on the following three-stage approach which reflects the change in credit quality of the financial instrument since initial recognition:
(i) Stage 1: 12-month ECL β not credit-impaired
For exposures where there has not been a significant increase in credit risk since initial recognition and that are not credit-impaired upon origination, the ECL associated with the probability of default events occurring within next 12 months will be recognized.
(ii) Stage 2: Lifetime ECL β not credit-impaired
For exposures where there has been a significant increase in credit risk since initial recognition but that are not credit-impaired, a lifetime ECL will be recognized.
(iii) Stage 3: Lifetime ECL β credit-impaired
Financial assets are assessed as credit-impaired when one or more events that have detrimental impact on the estimated future cash flows of that asset have occurred. For financial assets that are credit-impaired, a lifetime ECL will be recognized.
(iv) Incorporation of forward-looking information
The Bank incorporates forward-looking information into both the assessment of whether the credit risk of an instrument has increased significantly since its initial recognition and the measurement of ECL.
External information considered includes economic data and forecasts published by governmental bodies and monetary authorities in the countries where the Bank operates, supranational organizations such as the International Monetary Fund, and selected private-sector and academic forecasters.
The Bank has identified and documented key drivers of credit risk and credit losses for each portfolio of financial instruments in accordance with each country and, using an analysis of historical data, has estimated relationships between macro-economic variables and credit risk and credit losses.
(f) Repossessed collateral
During the year, the Bank did not repossess any collateral held as security.
28.3 Market risk
The Bank takes on exposure to market risk, which is the risk that the fair value or future cash flow of a financial instrument will fluctuate because of changes in market prices. Market risk arises from open positions in interest rates, currency and equity products, all of which are exposed to general and specific market movements and changes in the level of volatility of market rates or prices such as interest rates, credit spreads, foreign exchange rates and equity prices.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
67
28. FINANCIAL RISK MANAGEMENT (continued)
28.3 Market risk (continued)
The Bank does not use derivative financial instruments such as foreign exchange contract and interest rate swaps to hedge its risk exposure. (i) Foreign exchange risk
Foreign exchange risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the Bankβs functional currency. The Bank maintains a policy of not exposing itself to large foreign exchange positions. Any foreign currency exchange open positions are monitored against the operating requirements, pre-determined position limits and cut-loss limits.
As at 31 December 2019, balances in monetary assets and liabilities denominated in currencies other than US$ are not significant. Therefore, no sensitivity analysis for foreign currency exchange risk was presented.
(ii) Price risk
The Bank is not exposed to price risk of securities because it does not hold any investments classified on the statement of financial position as marketable securities.
(iii) Interest rate risk
Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Interest margins may increase as a result of changes and may reduce losses in the event that unexpected movements arise. The management of the Bank at this stage does not have a policy to set limits on the level of mismatch of interest rate re-pricing that may be undertaken; however, management regularly monitors the mismatch.
The Bank has no significant financial assets and liabilities with floating interest rates. Balances with the NBC, balances with other banks, and loans and advances earn fixed interest rates and deposits from other banks and customers have fixed interest rates.
28.4 Liquidity risk
Liquidity risk relates to the ability to maintain sufficient liquid assets to meet its financial commitments and obligations when they fall due at a reasonable cost. In addition to full compliance of all liquidity requirements, the management of the Bank closely monitors all inflows and outflows and the maturity gaps through periodical reporting. Movements in loans and customersβ deposits are monitored and liquidity requirements adjusted to ensure sufficient liquid assets to meet its financial commitments and obligations as and when they fall due. The following table provides an analysis of the financial assets and liabilities of the Bank into relevant maturity groupings, including instalments due.
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
68
28. FINANCIAL RISK MANAGEMENT (continued)
28.4 Liquidity risk (continued)
Maturity analysis for financial liabilities and financial assets 31 December 2019
Up to 1 month
> 1 β 3months
> 3 β 12 months
> 1 β 3years
> 3 β 5years
Over 5years No fixed term Total
US$ US$ US$ US$ US$ US$ US$ US$
Financial assets Cash on hand - - - - - - 18,701 18,701Balance with NBC - - - - - - 122,502 122,502 Balances with other banks - - - - - - 1,060,822 1,060,822 Loans and advances to customers - gross 460,126 222,515 1,017,566 2,656,548 5,005,983 61,438,173 (7,970) 70,792,941Unamortised processing fee income - - - - - - (434,260) (434,260)Other assets - - - - - - 22,145 22,145
460,126 222,515 1,017,566 2,656,548 5,005,983 61,438,173 781,940 71,582,851
Financial liabilities Lease liability 9,013 18,138 83,515 136,286 - - - 246,952Other liabilities - - - - - - 181,328 181,328
9,013 18,138 83,515 136,286 - - 181,328 428,280
Maturity gap 451,113 204,377 934,051 2,520,262 5,005,983 61,438,173 600,612 71,154,571
In KHRβ000 equivalent (Note 2.3) 1,838,287 832,835 3,806,259 10,270,068 20,399,380 250,360,555 2,447,494 289,954,878
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
69
28. FINANCIAL RISK MANAGEMENT (continued)
28.4 Liquidity risk (continued)
31 December 2018
Up to 1 month> 1 β 3months
> 3 β 12 months
> 1 β 3 years
> 3 β 5years
Over 5years No fixed term
Carrying amount
US$ US$ US$ US$ US$ US$ US$
Financial assets Cash on hand - - - - - - 343,507 343,507Balance with NBC - - - - - - 100,517 100,517 Balances with other banks - - - - - - 283,967 283,967 Loans and advances to customers
- gross 304,048 252,521 1,083,325 3,107,823 2,714,509 14,034,552 (796) 21,495,982 Unamortised processing fee income - - - - - - (213,571) (213,571)Other assets - - - - - - 22,856 22,856
304,048 252,521 1,083,325 3,107,823 2,714,509 14,034,552 536,480 22,033,258
Financial liabilities Borrowings - - - 8,300,000 - - - 8,300,000 Interest payable 35,736 68,014 317,015 792,071 - - 1,212,836 2,425,672 Lease liability 8,574 17,255 79,450 226,993 19,959 - - 352,231 Other liabilities - - - - - - 575,426 575,426
44,310 85,269 396,465 9,319,064 19,959 - 1,788,262 11,653,329
Maturity gap 259,738 167,252 686,860 (6,211,241) 2,694,550 14,034,552 (1,251,782) 10,379,929
In KHRβ000 equivalent (Note 2.3) 1,043,627 672,017 2,759,804 (24,956,767) 10,826,704 56,390,829 (5,029,658) 41,706,556
ASIA-PACIFIC DEVELOPMENT BANK PLC. (formerly Asia-Pacific Development Specialized Bank Plc.) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 December 2019
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28. FINANCIAL RISK MANAGEMENT (continued)
28.4 Liquidity risk (continued)
The table above presents a maturity analysis of the Bankβs financial assets and liabilities. The sum of the balances depicted in the maturity analysis do not reconcile with the carrying amount of the assets/liabilities as disclosed in the consolidated statement of financial position. This is because the maturity analysis incorporates, on an undiscounted basis, all cash flows relating to principal and future coupon payments. The amount for issued loan commitments is the maximum amount that may be drawn down under the loan commitment included in the earliest possible period that this could be paid.
28.5 Fair value of financial assets and liabilities
Fair value represents the amount at which an asset could be exchanged or a liability settled on an arms-length basis. As verifiable market prices are not available, market prices are not available for a significant proportion of the Bankβs financial assets and liabilities. Fair values, therefore, have been based on management assumptions according to the profile of the asset and liability base. In the opinion of the management, the carrying amounts of the financial assets and liabilities included in the statement of financial position are a reasonable estimation of their fair values. In making this assessment, the management assumes that loans and advances are mainly held to maturity with fair values equal to the book value of loans adjusted for allowance for loan losses, if any.
29. EVENTS AFTER REPORTING PERIOD
With the recent and rapid development of the coronavirus outbreak, many countries have required entities to limit or suspend business operations and implemented travel restrictions and quarantine measures. These measures and policies have significantly disrupted (or are expected to disrupt) the activities of many entities. The coronavirus outbreak occurred at a time close to the reporting date and the condition has continued to evolve throughout the time line crossing 31 December 2019. Amid outbreak, Cambodia is among those affected countries that signifies economic slowdown due to global recession. On 9 March 2020, the NBC advised all banks and financial institutions to exercise flexibility in dealing with issues pertaining to loan and interest payments as part of measures to soften the economic blow of coronavirus on business and household borrowers. Based on managementβs assessment on forward-looking to 2020, the impact of the potential disease outbreak could be minimal due to availability of loan protection measures in controlling credit risks of the portfolio. Management will continuously pay attention to the formation of the COVID-19 in Cambodia, operations of its loan customers, as well as their ability to service debts.
Other than as disclosed elsewhere in these financial statements, at the date of this report, there were no events which occurred subsequent to 31 December 2019 that had significant impact on the financial position of the Bank as at 31 December 2019.
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αααα αααααα α αααααααααααααα α αααα αααααααααααααααααααΎαααααααααααα αα ααααααα ααα αααααα ααααα α ααααααααα αααα αααααα ααααααααααΎααα’ααα αααΎααααααα
α αααααααα’ααα α αααα ααααΎαααααΎαααα ααααααααα ααααααααα ααααα αααα ααααα ααααααα ααααααααα ααααααααααααα αααα α ααααα ααααααααααα’ααααααααααΎαααααααααααααα αααΎαααααααααααααααααααααΎααααααααααααααα αααααααα’ααααααααα αααααααααα ααααααααααααααα αααα ααααααα’ααααΎαααααααααα αα
αααΎααααααα ααααααααααααααΎαα βααααααααα α α αααααα ααααααααααααααααααΎαααααα-ααα ααααααβ ααααααααααααα αααα ααααααααααααααααα α αααααα α-ααα αα
αααααααααααααα α α ααα αα α ααα αα αα ααα‘α ααααααα αααααα
αααΎααααααααα αααααααα α αααααααα α ααα αα’ααααα α ααα ααα αααααααααααα αααα²ααα ααα α αααααααααα’αααα α αααααααα ααααΎ αα αααααααααααααα αααα α ααα ααααααααααα ααααα αααααααα αααΎαααααααααα ααα’αααα α αα αα ααααααααααααα
ααα ααααααααααααααα’α αααααααααααααα’αααα αα α αααα’ααααα’ααα ααααα α ααααααααα ααααααααααααα αααααααα ααααΎααααΎααααααααα’ααα αααααααα²ααααααααααΎααα‘αΎα α αααααΏαααααααα αα αα α’α α’α ααααααα αααααααααααααααααααααααα αααααααααααα αααααααααααα α αααααα ααα ααα ααααααα ααααΎαα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
2
ααα α ααα α αααΎααααααααααααααααααα αααααααα αααααααα ααα αααααααααααααα αααα ααααααααααααααααα αααΎααααααα’αααααα’ααααααα’ααααααααααα αα αααα αααα’αααααΎαααααααΎαααα αααααα α α αααΎααααααααααα’αααααααααααααααααααααααααααααααααααααααααααααα αα αα αααααααααα
Hsiao Charng Geng
ααααααααα αααααααα ααααα α¨ ααααα αα α’α α’α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
3
ααααα’ααααα αααα αααα αα’ -ααα αα αααα‘αααα α.α α αααα αααααααααα 00007514 α α ααα α‘αααα 132 ααα294 αααααα ααααααα ααα ααα αααααα α ααα α αααα αααααααα ααα α α αααααα ααααα α α αα αααα α α α αα’ααα α αααααα ααα α α αα αααα αααααααααα ααα α α α αα’ααα α α’ααααααααααα ααα α α Zhao Wen Qing αααα α α α‘α αα αααα α α Yu Yongshun αααα α’αααααααα α α Hsiao Charng Geng α’ααααααααααα α ααα Chen Ya Duan α’ααααααααααααα α α α α α α ααααααα α ααααααα ααα α ααα α αα ααααααα α ααααααα α α α αα α ααααααα α ααααααααααααα α α α ααα ααααααα α αα αααααα αααααααα α ααα αα ααα ααααααα α αααααα ααααααα αααααααα ααααα α’ααα αα’α αα (αααα )
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
4
α ααααα ααααααα αααααααα α ααααα
α αααααααααααα αα’ -ααα αα αααα‘αααα α.α ααααΎαααα ααααα α ααα ααααααααααααααααα α αααααααα αααααααα αααααααα αααΎααααααααααααααααααααααα αααααααααα α
ααααααα αααΎαααααα α αααααααααααααααα α ααααααααααααα ααααα αααααα’ααααα ααααααααααΎααααα αααααααΎααααααααα’αααα ααααα ααααα αααα αααααααααΎα α
αααααα αααααααααα α αααΎααααααα ααααααααααα ααααααααααααα’ααααααα’αα
αα ααααα ααααααα α
α ααα ααα αα α αααΎααααααααα’ααααα ααα ααααα αα αααααααΎαααααα α ααααααααααααααααααα’αααα α ααααα αααα ααα αααα ααααααααααααααααααΎααα α
ααααααααα α αααΎααααααα’ααααα ααα αα αΎααααΎαααααααα ααααααα’αααααααα ααα α ααααΎαααα α
αααα’ααα α αααΎααααααααααΎα±ααααααααααΎααα‘αΎα αααααα ααα ααααααααα αα αααααααααααααα αα αΎαααααα α±αααααα’αααααα’ααα α
ααααα αααα’ α αααΎααα α αααα αααα α ααααααΎαααα αααααααααααααααααα αααααααααΎααααααΎααααααα ααααααααααααααα’αααα ααααααΎααα α
α α α α αααΎαααααααα αααα ααααααααααααααΎααα αααααα α αα αα ααααααΎααααααα α αααΎαααααααΎαααααααααααα ααααααα α αααααααα αααααααααα αααααα α αα ααααααααααααααααααααααααααα αααααααααααΎαααααααααααααααααααααΎαα
α ααααα α αααΎαααααα ααααΎα αααααααα ααααα α αααα ααα α αααααααα αααααα αααααααα αααααααααααααΎαααα
.
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
5
αα ααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
6
ααααααααα
α α HSIAO CHARNG GENG AKA JOE HSIAO ααααααααα
α α Joe Hsiao αααααα αααααααααααααα α£α₯αα ααααααααααα α αααααα α ααααα α ααααα αααα α’α α‘α₯ α ααααααααα ααααααααααα αααΎαααααααΎαααααα―αααααα’αα ααα ααααααα α’α α‘α© α αααααααααααααααααα ααααααααααααααααααααα α αααααα ααααααΎααααααααααααα’αα α α Joe Hsiao αααααααΎααα²αααααααααα ααα (Fubong) αααααααααα α α’ααααα (Mega International) αααααααααααα ααααα (Taiwan Shin Kong)α ααααααααΎαααααα α α ααααααα α αα²ααααααααααααααααααααα αα αααααααα (αααααα αααα) ααααααα αααααααα ααααααα α ααααααα ααα (αααααα α) α’αααααααααα’α αα α αααα ααααααα ααααα αααααααααααα ααα ααα αααα’ααα ααααα αααααααα /αα α₯ααα ααααααααααα α αααααααααααααα ααααα αααααα αααααααααααααααααααααα α αααααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
7
αααααCHEN YA-DUAN (ELAINE) ααααααααααα
α ααα Chen Ya-Duan αααααα ααααα£α αα ααααααααααααααααα α ααααααααααα αααααααααααααα ααα α αααααααα αΎαα α αααααα ααααααΎαααααα αααααα’ααααααα α’α α‘α© αααααααααααααααααααα’ααα ααααααααα αααααα ααααααΎαααααααααααα’αα α ααα Chen Ya-Duan α α α α ααααααααα α ααααα ααα ααα (FinTech) αα ααααααααα α (Soochow) αα αα α ααααααααα αααααααΎααα αααααααααα (CitiBank) αα α αααααααααα α α’ααααα (Mega International) αααα ANZαα ααααααααα’α (DBS) αα α αααααααααα ααααα (Taiwan Shin Kong)α α αααααα αααααα ααααααααααΎα αα α αα αααααααααααααααααααααα―αααααα’αα ααααα α’α α‘α¦ α α ααα Chen Ya-Duan αααααααα αααα’αααα αααα αααααααα αααα α αααα α αααααααααααα (FIT)αα ααα αααα αααααα αααααααα αααααααα ααααααααααα α (NTU) α
α α α α α α ααααααα α ααααααα ααα
α α α α α α αααααααα α αααααααααααααααααα αααΎαααααααα ααα
αααααααααα α α ααααααααααααα αααααααααααα αααα ααααααΎαααααα αααααα’αα α α ααααααααααΎ ααααααααααααααααα αααααααα αα α’α α‘α¦ ααααααααα’αααααααα ααααααααα ααααα αααααα α α α α α α ααααααααααααααααααα αααα α αααααΎαααα αααα ααα ααααα ααααααα αααααα αααα’αα
αα ααα ααα αααα’ααα ααααα αααααααα αα α₯ααα αααααααα αα ααααα α’α α α₯ α αααα αααααΎααααα ααααααααααααα αααααααααααα α α ααααααα ααααααααααααααα ααα ααα α’α α α₯ α ααααα αααααααααααααααα αααααααααααααααααααααααααααα‘α αααααααα Author-izer αααααα αααααααα α α αα αΎααααααααααααααα‘αΎα αα ααααα ααααα α’α α α©α α αααααααααΎααααααααα ααααααα αααααα αααα ααα α’α α‘α€ ααααα ααααα αααααααααααααα αααααααααααααα‘ααααα α’α α‘α₯ ααααααααα ααααα ααααααα α ααα α α α α α αααααααα αααα’αααα αα ααα αααα
ααααααααααααααα (NUM) ααααααααα α αααααα ααααα αααααααααααααα
ααααααααα αα ααααα α’α α α€ α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
8
α ααα α αα ααααααα α ααααααα α
α ααα α αα αααααααα α ααααααα αααααααααα ααααααααααααα αααααααααααααααα αααα αααααα’αα αααααααααααααα αααααα αααααααααααα ααααααααα ααααααα α αααααα ααααααΎαααα αααααααα’ααααααα α’α α‘α§ ααααααααααααααααααααααααααααααααα αααααααααα ααα α ααααααα αα α ααα α αα αααααααΎααααααα αααααααα’αααααααααα¦αα α αα αααααΎα αααααααααααα ααα αααααααα ααα
ααα α ααααα ααα αααααα ααααααα αΎαααααα ααααααα α’α α‘α€α αααααααΎ α αααααααααα αα α αααααα ααααααααααα αα α α ααααα αα αα ααααααααααααα ααα αααα αααΎααααααααααα α ααααααααααα αα ααααααααααααα ααααααααα (Regulatory Compliance) αααα α αααααααα ααα ααα (IBF) αααααααααα α ααα α αα αααααααααα αα αα’αααα ααααααααααα ααα ααααα ααα αααα ααα ααα ααα αα ααααααααααααα
ααα ααααα ααααααααα α (RULE)α α ααααααααααα ααααααα αααα ααααα ααααααααααα ααααααααααααααα (NUM) ααααααα’ααα α’αααααα ααα α ααααααα (IFL)α
α α αα α ααααααα α ααααααααααααα
α α αα α αααααααα α ααααααααααααα αααααααααααΎαααααααααααααααααααααα αααααααααααααααααααα ααααα α αααα ααααααΎαααααααααααα’αααααα α’α α‘α© ααααααααααααααααααααααααααααααααα ααααααααααααα α ααααααααααααααααα ααααα α α αα α αααααα αααααααα α‘α αα α α αααα ααααααΎααααααααααα ααααααα ααααααααα’ααααααα αααα α ααααα αααααα αααααααααα αααααααααααα ααααααα αααααα ααααααααααααααα ααα αααααα’ααααααααα ααα ααα αα αΎααααααααα‘αΎαααα αααααααα ααααΎ αααα αααα α’α α‘α¨
α ααααα αααααα αααααΎααααααααα α αααα α ααα ααα αααααααααα αΎ αααααααααα’ααααααααααααααααααααα αααααααααααααααααααααα αααα αααα αααα ααα ααα αααααααααααα α α α αααααααα α αααααααααα αααα ααααααααααΎα ααααααα ααααα α ααααα α α αα α αααααααααα ααααα ACCA ααααααα α αααα ααααα’ααααα αααα ααα α αααααα’α (CamEd)α α ααααααααα ααααααα αααααααα ααα ααα αααααα α ααααααααααααααα (NUM) α αααΎααααααααααα α αααααα ααααααααααααααα ααααααααα αα’ααααα αααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
9
α α α ααα ααααααα α αα ααα ααα αααααααα
α α α ααα αααααααα α αα ααα ααα αααααααα αααααααααααα ααααα αααααα ααααααααααααα ααα ααα ααααααααααα’ααααααααα α αααααααααααα αααααααααααα αααααα ααααααΎααααααααααααα’αα αααα α’α α‘α§ ααααααααααααααα α αααααααααααααα
αααααα ααααααααα α αααα α α α ααα ααα ααααααΎααααααα αααα αααααααααααααααα’ααααααα αααα α ααααα αααααα α’ααααααα α£αα αααααααα ααααααααα ααααααααααααα ααααα‘αααααααααΎαααααααα αααα α αααααααΎαααααααα§α α ααααα αααα αα ααααα ααα α αα
ααα ααα ααα αα ααα ααααα α αααα α ααα’αααααααα α αααα
α α α ααα ααααα Affiliate ααααααααααααααααα (ACCA) ααααααα α αααα ααααα’αααααα α ααααααααα ααααααα αααα ααααα ααααα ααα ααα αααααα α
ααααααααααααα ααα ααααα ααααααααα α ααααααα’ααα α’ααααα αααα α αα ααααα (IFL)α
α ααα αα ααα ααααααα α αααααα ααααααα αααααααα
α ααα αα ααα αααααααα α αααααα ααααααα αααααααα ααααααααααααααααααααααααα αααααααα αααααααααα αααααααααααααΎααα αΎαααααα αααααααααααααα ααα αα α ααααααα ααααα’ααα ααααα α ααα ααα ααααααΎαααααααααααα’αα ααααααα αα α’α α’α α
α ααα αα ααα αααααα αααααααααααααααα α‘α‘αα ααααααααααααα αααααααααααααα αα ααααααααα‘α αααα α α α αααααα αααααΎα αααααααααα α’α α α© αααααααα α αααααα αΎααα α
α ααα ααα αααααα αααααααα ααααα αααααα ααααααα ααααααααααα αααααα ααααααΎααααααααααααα’αα α ααααααααααααααααααααααααααααα αααααααΎαααααααααααααααα
α ααα αα ααα ααααααααα αααααααααααααααα ααα αααα ααα α α α ααααααα α ααααααα ααααααααα αα α αααααααα ααααΎααα ααααααααααααααα ααααααααα’αααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααα ααα
10
αααααα αααααααα ααα ααα αα α ααααΎααααα ααααααααααααααααα αααααααα α ααααααααα αααα αα’ -ααα αα αααα‘αααα α.α α ααα (βααααβ) αααααααααΎ αααααααα αααααααααα αα αααα31 αααα αα 2019 ααααααααααααα ααααα αα
αααα
αααα ααααααααααΎααα‘αΎααααααααα α α αααααα αα ααααα αα αααααααααααααααα αααααα αααα ααααααααααααα αααα αα ααααααααααααα 00007514 ααααα05 αααα αα 2016α
αααα ααααα αα ααα ααααα―αααα ααααααααααααα (βNBCβ) αααααα16 ααααα αα 2016 αααΎααααααΎαααααααααααααα―αααα α ααααααααα’α ααααα ααα αααααΎααααααααααααααααααααα11 ααααα αα 2016α αααααα26 ααααα αα 2019 αααα ααααα αα ααα αααααααα ααααααααααααα αααααα ααααααα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα ααααααα αα’ -ααα αα αααα‘αααα α.αα ααααααΎαα αααααα―α ααααα αα α α ααααα αααα α αααααααααα ααααα ααα αα ααααααααα ααααααα αααααααααααα13 αααααα αα 2020 α
ααααααα αααααααααα ααααααααααΎαααααααααααΎαααααα ααααααααααααα αααα ααααααα αααα αααααααααααααααα αααααα αααααααα α α ααααααα
α α αααα αααα ααααααα αααα αααααα α’ααααα 132 αααααα294 (αααα ααααααα ααα) ααα αααααα α ααα α αααα αααααααα ααα α α ααααααα
αααααα αααααα αααααα ααααααααααααα αααααααα ααααααααααααα ααα α¬αα ααα ααααα αα ααα
αα α
αααααααααα¬ααααααα ααα α αα αΎαα’αααααααααααΎα²αααααααααα ααα αααααααααααα ααααααα (2018: αα α)α
αααΎααα
αααΎαααααααααα ααααα31 αααα αα 2019 ααα αα 77.49 αα α α αααα α¬ 309.96 αα ααααα (ααααα31 αααα αα 2018α 15 αα α α αααα α¬ 60.00 αα ααααα)α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααα ααα (ααααααα)
11
αααααα ααααα ααααααααΎαααααααααΎααααααααα αααααα
αααααααααααα ααααααα ααααααααααααα αααααα αααααα ααααααααααααα α αααααα αααΎααααα αα ααααααααααααααααααα αααααααααααα αααααα ααααααααααααααααααααααα α α ααα ααααααααααααα¬ αααααααααα α ααα ααααααααΎαααααααααα ααααααα₯ααααααααααααααΎααααααααα αααααα αα αΎααααααααΏααα αααααααααα ααααααααα’ααααααααααα ααααα α ααααα αααα α α ααααααα α ααα ααααααααα α αα αΎααααααααααααααααααααααΎαα‘αΎα ααααααααααα₯ααααααααααααααΎααααααααα ααααααα
αααααα αααααααααα αααααα ααααααααααα αααα αααααααα α αα²αα ααααααααααααα ααααΎααααααα₯ααααααααααααααΎααααααααα αααααα αααααααααααα ααααααααα ααααααααααααααααα αααααααα αααα αααααααα
ααααααααα ααα
αααααααααααα ααααααα ααααααααααααα αααααα αααααα αααααααααααα ααααααααααααα α αααααα αααΎααααα ααα α ααααααααα αααααα’α ααααα α ααααααααααααααααααααααα αααααααα αααααααααααα²αααααααΎααααααααααααααα αααααααααααα α
αα αααααααααα
αααααα αααααααααα αααααα ααααααααα α ααα αα ααααααααΎααα‘αΎα ααααααΎα²αααααααααα’αααααα ααααααααααααααααααα ααααααααααααα ααααααα’ααα αααααααααααα αααααααααααααααααααααααααα ααααααααααααααα
ααααααα ααααααα αααααα
αααααα αααααααααα αααα (α) αα αααα αααααααα ααααααααα ααααααΎααααα‘αΎαα α ααα αααααααα αααα
αααααααα ααααααααααααα αααα‘αΎα α¬ (α) ααααααα α ααααααααΎααααα‘αΎαα ααααααα α α αααααα αααααααα αααα
αααα’ααααααααα αααααααα ααααααα α
αααααααααααα ααα αααααααααα α α¬ααααα ααααααααααααα αααααααααα α¬ α αααααααααααααααααα 12 αα ααα αααααααα αα αααα αααααααααΎα²ααααααααα α¬ α ααααααα ααααααααααααααααααααααααααααααααα α αααααα αα αααααααα ααααααααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααα ααα (ααααααα)
12
αααα αααααααα αααα
αααααα αααααααααα αααααα αααααααααααααααααα αααα αα ααααααααα αα ααααααααααααααα α¬ααααααα αααααα ααααα α α α αα²αα αααααα
αα αααααααα ααααααααααααα ααααααααααααααααααααααα α
ααααααααααααααα
αααααααααααα ααα αααααααααααααΎααααααααααααααααααααααααα ααα αααααααααααααααααααα ααααα ααααααααααααααα α¬ααααααα ααααααααααααα
αααα αααααααααααααα α
αααααα αααααααααααααα αααααα ααα ααααα αααααα αααααααα αα ααααααα αααααααααα αααα ααα ααααααααααααααα α¬ααααααα ααααααααααααα αααα ααααααααααααΎαααααααΎα ααα α αα²ααααααααααααααααααααααααααααααααααααααα ααααα αααααααααααααααα ααααΎαααααα α
ααααααααααααααααα αα αααα ααααααααααα αααααααΎααα‘αΎααααααααααα αα αααα αααααααα²ααααα ααα α α¬ ααααα αααααααααααααααα ααα ααα αα αΎα ααααααααααα αααααα ααααααααααααα αααααααααααα
αααααα ααα
αααααααααα αααααααααααααααααααααα αα αααα αααααααα ααααααααααααααα
α α αα αααα αααααααααα ααα α α α αα’ααα α α’ααααααααααα ααα α α Zhao Wenqing αααα α α α‘α αα αααα α α Yu Yongshun αααα (αααααααα ααααααα 27 ααααα αα 2019)
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααα ααα (ααααααα)
13
α αααα αααααααααα ααα
α’αααααααααααααα αααααααα αα ααααααααα αααααααααααα ααααααα ααααα 31 αα αα αα 2019 ααααα 31 αα αα αα 2018 % α αα ααααα % α αα ααααα αααα ααα α α α α αααα αααα ααα α α α α αααα
α α αα αααα 94.19% 4,866 72,990,000 70% 700 10,500,000 α α α αα’ααα α 5.81% 300 4,500,000 30% 300 4,500,000
100% 5,166 77,490,000 100% 1,000 15,000,000
ααααα’ααααααααααα ααααααΎααα αααα’ααααα ααααααααααααααααα αα ααα α αααααααααααα α
α’ααααααααααααααααα ααα
αααααα’α‘αααααααα αα αααα αααααααα ααα ααααααααα ααααα α αααααα α ααααααααααααααα α ααααααααααααα α αααααα αααα α αααααααααααααααααααα ααα
αα αα²ααααααααα’αααααααα ααααααααα αα αα αααααααα α α¬ααααααααααααα α¬ ααααααααααα
αααααα’α‘αααααααα ααα αααααα ααααααααααααα ααα αα αααααα α¬ααααααααααααα’αααααααα αα (ααααα’αααααααα αααααααααα ααααα ααααααααααααα αααααα) ααααααα ααα α αααααααΎαα‘αΎαα ααααα α¬α ααααα ααααααααααααααααα αααααααααααααα ααααααααααα α¬αααααααα αααααααααααααα αααααααααααααααααααααααααα ααααααααα αΎα αααΎααααααααααα ααααααααααααα ααααααα
ααααααααααααααααααα ααααααΎααααααα αααααα
αααααα ααααααααααααΎααα’α αααα αα ααααααα ααααααααααααα αα‘αΎααααααααα αααΎααα αα’αααα ααααααα αααααααααα α αααα αααααααααααααααααα 31 αα αα αα 2019 ααααααααααα αααααα αααα α α ααα ααααααααααα αααααααααα α α αααααααααααα ααααααα ααααααααα αααααα αααα αα ααααααα (α) α’ααααααααααααααααααααααααααα α αααα’ααααΎααααα αα αααααα
αααα αααααα ααααααααααααα αα αΎαααααΎααα’αααααααααα ααααααα α (α) αααα αααααααααα αααα αααααααααααααα ααααααα’ααααααααααα (βCIFRSsβ)
α¬αααααααΎαααααααααααααα αααΎααααα ααααααααααααα ααααααααα αααααααα²αααα αα α ααααααααααααααααααααα αααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααα ααα (ααααααα)
14
ααααααααααααααααααα ααααααΎααααααα αααααα (ααααααα) (α) ααααααααααααααααΎ αααααααααα ααααααααααααα αααα ααααααα ααααααα²α
αααααααα αααααααααααααααααααααααααααααα²αααααααααα α (α) αααααααααααααααααααααααααααααααααα ααααα αααααααααααΎαα ααα α
αααα αααααααΎαααααααααα αα ααααααααααααααααααα ααααα ααααααΎααα αα α αααααααααααααααααααΎααααααα’αααααααααααααα αααααααα αα’ αααααΎ ααααααα α¬ αα ααααααΎαααααααααααααααααααααΎαααααα α αα
(α) ααααααα αααααααααα²αααααααααααααΎ αααα ααααααα ααααα ααααα ααα’αααααααααααααααααααααααα ααααααΎ αααααααααααα αΎααααααααα αα α ααααα ααααααααααα ααααααααααααααααααααα αααααα α
αααααα αααααα’α αα ααα’αααααα ααααααα αα αα αααααααααΎαααααααααα ααααααα ααααααα
ααα’ααααααΎααααααα αααααα
αααΎαααα’ααααααΎααααααα αααααααα αααα ααααα ααααααααααααα α αααα ααααααααααααα ααααα 31 αα αα αα 2019 ααααααααααα αααααα αααα ααααααααααααα ααααααααααα αααααααααα α α αα’αα ααα αααα αααααααα ααααααααααααα’αααααααααααα
α αα²ααααααα ααα
_____________________________ α α αα αααα αααααααααα ααα
αααααααα ααα α α αααααα
αααα 26 αα αα αα 2020
15
αααα 61552160/21288598
ααααααααααααααα―α αα
ααα αααααααααααα αααα αα’ -ααα αα αααα‘αααα α.α
αααααα αααΎααα ααααααΎαααααααααΎααααααα ααααααααα αααα αα’ -ααα αα αααα‘αααα α.α αααα (βααααβ) ααααααααααααα α αααα ααααααααααα 31 αα αα αα 2019 ααααααααα ααα α¬αα αααααααααααα αα ααααααααααααααααααααα αααααααααα α
α ααα ααααααααααα αααααααααα α αααααααα ααααΎααααααα αααααααααααααααα αααααααααααααααααααααααααα
αααααααααααααΎααα ααααααα ααααααα ααααααααα ααα αααααααααααααααααα αααα αααααααααααααααααα 31 αα αα αα 2019 ααααααααααα αααααα αααα αααααα
ααααααααααα αααααααααα α α αα’αα ααα α ααα αααααααααααααα ααααααα’ααααααααααα (βCIFRSsβ)α
αα α ααααααααα αααΎαααααααααΎααααααα αα’αα ααα αααα αα’ααααααααααααααααααααα ααααααααααααααααΎααα ααα αααα αα’αααααααααααααααααααα ααααααααααααααααααααααα βααααααααααααααααααα αααααααααΎαααααααααΎααααααα ααααααβ ααααααααααααααΎαααα αααΎαααααα―α ααααααααα α αααα αα’ααααααααααΎαααααααααααααα ααααααααααααααααα ααααααααααααααα αα α αα α ααα ααααα α α αααααα αα αΎααααΎααααααααααααααααααααααααααααααααααα ααααααααααααααα αααΎααααααΏααα ααα αααααααααααααΎααααααααααααααααααααα ααααααα αααΎαααααααα α αααααααααα αααααααααααααΎαααα
ααα αα αα ααααααα ααααααααααααα αααααααα ααααα ααααα31 αααα αα 2018 αααααααααΎααααααα α ααααααα ααααα ααααααααα ααααααααααααααααααΎααααααααααα ααααα26 αααα αα 2019α
ααααααααααααααα αααααα αααααααααααααααα αααααα ααααααααααααααααααααα ααααααααααααα αααα ααααααααα αααααα ααα ααααααααα αααααα1 αααααα5α αααααααααααααααααααα ααααααααα ααααααα
16
ααααααααααααααα αααααα αααααααααααααααα (ααααααα) ααααααααααααΎααα αααΎααααααα αααααααααααααα ααααΎαααααα αααα αα αΎααααΎααααααααα αααα ααααα α αααα’α αααααααα αααααααΎαααααα ααααααααα
ααααααααααααΎααααααααααααΎααααααΎααααααα αααααα ααααααααααααααΎααα ααα ααααααα ααααα αα αΎααα α ααααΎααααααααα αααααααα α ααααα¬αα αααααααααααα αααααα α¬α ααααα αααααααααααααααααΎαααααα α¬ααααΎαααααα ααααα αααα ααααα ααααα¬ααα ααα αααααααααααΎαααααααααΎ αααααααΎαααΎαααααα α αα αααα ααααα
ααααα ααααααααα ααααα αααΎαααααααα²α αααααααααααααααα αααΎαααααααα ααααα’ααααααααα²α ααααα ααααααααα αααααααα
αααααααααααααα’αααααααα ααα’ααααααααααααΎα’ααααα α αααΎααααααα αααααα ααααααααα αα’ααααααααααα αααααααααα ααααααα αααααααααααααααααααα α ααααααααααα α αα’αα ααα α CIFRSs αα αΎααααααααααααα αα αααααα ααααααααααααααααααααα ααααααααααααααααα αααααααααααααααααα ααααααα αααααα αααααααα ααααα αααα αααα α ααααααααααααα α¬αααααα α‘α
αααααααααααα ααααααα αααααα ααααααααααα’ααααααααααααααα ααααααααΎααααααααααααααααααα ααααααΎαα ααα α (αααααααΎαα) ααααα αα α ααααααααα
ααααααα ααααα ααααααααΎααααα α αααααααα αααααααααααααααααααααααααααα αααΎααααααααααααααααααααααααααα α α¬ ααααααααααααααααα α¬ααα ααααααααα α αααααααααααααα
α’ααααααααααααΎα’ααααα α αααααααααααααααααααααααααΎααααΎααααΎ ααααααα αααα α’αα αααααααααααααα
ααααααααααααααααααααααααααααΎααααααααααααα αααααα ααααααααααααΎααα ααααΎαααααααααααααα’α αααααααα αααα ααααααα ααααααααααααααα ααααα αααα αααα α ααααααααααααα α¬αααααα α‘ αα αΎαααααΎαααα αα ααααααααααααααααααααααααααααααααααΎαααα ααααααααααα ααα ααααααα’α αααααααααα ααααααααααααααα αααααααααααααααααααααα αα’αα α αααα αα’αααααααααααααααααααα ααααααααααΎαααα α αααα ααααα αααααααααααααα α αα αααα α αααΎααα ααααααααααα α¬αααααα α‘ αααααααα ααααα αααα αααααααΎαα ααααααα’αααα (αααα α¬ ααα ααα ααα) α ααα₯αααααααΎααααααα α αααααααααααα α αααα’ααααααΎαααα αααα’ααααΎαα α αααααααα αααααααααααα
17
ααααααααααααααααααααααααααααΎααααααααααααα αααααα (ααααααα) ααααααααααααααααααααααα’αα α αααα αα’αααααααααααααααααααα αααΎαααααααααΎ ααααα αα αααα ααα αααααααα αααα ααααααααααΎ αααααααααα αααΎααααααα
ααα αα ααααα ααααααα ααααα αααα ααααααααα αααααααααα α ααααααααααααα α¬αααααα α‘αα ααα ααααααΎα ααα’αααααααααααααααααααααΎααααααα αααααααα αα αΎαααααααα αααααααα²ααααααααα ααααααα αααααααααα α αααααααααα αααααααααααααΎαααα αααααααα α αααααΎα αα ααααα αααα αααα α ααααααααααααα ααααααααααα αααααααα α αααααΎααα αααα αααα α αααααααααα α‘ αααααααααααααα α ααααααααααααα ααααα αααααα αα ααα αα αα αααααααααααα α¬ αααααα αααααααααααααααααααα
ααααααα’ααααααααααααααααααααααααααααααααααααααα αααΎαααααααΎαααααααααααααααααααααα αααααααα ααααααααααααααααααααααΎαααααα ααααααααααΎαααααααααααααααααααααααααααααααααα
αααααααααααααααααααααααααααααααααααααΎααα αααααααα ααααααααα α ααααααα ααααααα αααααααααααα ααααα αααααααΎαα‘αΎαα ααααααααααα
ααααΎααα ααααα α α αααααΎαααααααααααααααΎααααα α αααααααα ααααα ααααααααααααααααα αααααααααα αα ααααααα ααααααααααααααα αααΎαααααααΎααααα α αααααΎααααααααααααααααααααα ααααααααααααααααα α¬ ααααααααα α
ααααα²ααααααα αα αααα αααααΎαααααααααααααΎ ααα ααααααααααααα¬ααααααααααΎαααΎαααααα α αα ααααααααααααααααααααα αααα αααΎαααααααα²αααα α
αααα αααααααααααααα αααΎαααααα αααααααααααααααααα αααααα α¬αααααααΎαααααα ααααααααααααααααααααααα αααΎαααααααααΎαααααααααααααααααααΎαααα ααααα α αααααααΎααα αααααα’ααααΎααα ααααααααααααααααα ααααααααα αααααααααααααααααα α ααααααααααααα ααααααα α¬αααααααααααα’ααα α α αααα²ααααααα α αααααααααα ααααααααααααα
αααααααααα αααα ααα ααααα ααααααααααα αααααα ααααα ααααααααα ααα αα αα αααααα ααααααα αααααα α αα²ααααααααα ααααααααααααααα α ααααΎααααααα ααααααααα ααααααααα
18
ααααααααααααααααααα αααααααααΎαααααααααΎααααααα αααααα (ααααααα) αααα α αααα ααααααα αααΎαααααααααΎαααααααααααα’ααααααααααααΎα’ααααα α α’αα αααααααααααααα ααααααα αααααααααααα αααααααα αΎααααα ααααα αααααααα αααααααααααααααΎαααααααααααααααααα ααααααΎααααααααΎαααααααααααΎααααααα
Ernst & Young (Cambodia) Ltd.
αααα αααααααααααα ααααααααααα
ααααΎαα αααααααα ααα α α αααααα
αααα 26 αααα αα 2020
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα α αααα αααααα ααααα 31 αα αα αα 2019
19
ααα
ααα α ααααα31 αααα αα 2019 ααααα31 αααα αα 2018 ααααα1 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3) (αααααα α 2.3) (αααααα α 2.3)
(αα αααααα‘αΎααα-αααααα α 3) (αα αααααα‘αΎααα-αααααα α 3)
αααααααα
α αααααααα 6 18,701 76,207 343,507 1,380,211 2,000 8,074 ααααααααααααααααααα 7 122,502 499,196 100,517 403,877 96,462 389,417 αααααααααααααααα 8 1,060,822 4,322,850 283,967 1,140,979 500,948 2,022,327 α₯ααα αααααααααααα’αααα 9 70,358,681 286,711,625 21,282,410 85,512,723 21,080,223 85,100,860 ααααααα αα αα 10 7,750,000 31,581,250 750,000 3,013,500 750,000 3,027,750 αααααααααα αα 11 22,145 90,240 27,335 109,832 28,075 113,340 αα αααα 12 357,808 1,458,068 230,148 924,735 306,716 1,238,212 αααα αααααα α 13 456,162 1,858,860 677,993 2,724,176 929,564 3,752,650 ααααααΎααααααΎααααααααααα 14 214,338 873,427 313,264 1,258,695 412,190 1,664,011 αααααααααααΎααααααα 15 (iii) 114,000 464,550 - - - - ααααααααααα 80,475,159 327,936,273 24,009,141 96,468,728 24,106,178 97,316,641 ααααα’ααααα αααααα αααα α
ααααα’ααα
ααααααααααα 15 (i) 582,067 2,371,923 47,705 191,679 2,284 9,221 ααααα’ααααα αα 16 194,324 791,871 590,470 2,372,508 170,699 689,112 ααααα’αααααααα 14 246,952 1,006,329 352,231 1,415,264 452,386 1,826,282 ααα 17 - - 8,300,000 33,349,400 8,800,000 35,525,600 ααααα’αααααα 1,023,343 4,170,123 9,290,406 37,328,851 9,425,369 38,050,215
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα α αααα αααααα (ααααααα) ααααα 31 αα αα αα 2019
20
ααα
ααα α ααααα31 αααα αα 2019 ααααα31 αααα αα 2018 ααααα1 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3) (αααααα α 2.3) (αααααα α 2.3)
(αα αααααα‘αΎααα-αααααα α 3) (αα αααααα‘αΎααα-αααααα α 3)
αααααα αααα α
αααΎααα 18 77,490,000 309,960,000 15,000,000 60,000,000 15,000,000 60,000,000 αααα ααααα αα (αααααα) 1,259,662 5,100,919 (503,115) (2,030,808) (542,921) (2,191,772) αααααα ααααααααα 19 702,154 2,852,883 221,850 895,644 223,730 903,198 αααα’ αααααααααααααααααααα - 5,852,348 - 275,041 - 555,000
αααααα αααα αααα 79,451,816 323,766,150 14,718,735 59,139,877 14,680,809 59,266,426
αααααα αααα α ααααααα’αααααα 80,475,159 327,936,273 24,009,141 96,468,728 24,106,178 97,316,641
αααααα αααα 1 αα 29 ααααααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααα ααα α¬αα ααα ααααααα αα ααααα 31 αα αα αα 2019
21
ααα
ααα α
ααααααααααα ααααα α
αααα31 αααα αα 2019
ααααααααααα ααααα α
αααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3) (αααααα α 2.3)
(αα αααααα‘αΎααα-αααααα α 3)
α αααααααααα
α ααααααα 20 4,437,820 17,982,047 2,051,369 8,297,788
α αααααα 20 (120,777) (489,388) (488,886) (1,977,544)
α ααααααααααα 4,317,043 17,492,659 1,562,483 6,320,244
α αααααααααααα αα 21 51,414 208,330 9,652 39,042
α αααααα 22 (825,459) (3,344,760) (764,406) (3,092,022)
ααα 12,13,14 (451,583) (1,829,814) (442,968) (1,791,806)
α ααααααααααα αα 23 (315,379) (1,277,916) (264,462) (1,069,749)
(αααααα) α¬αααααααα ααααΎ
ααααααα₯ααααααααααα 24 (25,429) (103,038) 2,387 9,655
α αααααααα αααα 2,750,607 11,145,461 102,686 415,364
α αααααααΎαααα ααα 15 (507,526) (2,056,495) (64,760) (261,954)
α αααααα 2,243,081 9,088,966 37,926 153,410
α ααααααα αα
αααααα ααα’α αααααα - 5,577,307 - (279,959)
α ααααααααα αα 2,243,081 14,666,273 37,926 (126,549)
αααααα αααα 1 αα 29 ααααααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααααααααα ααααα 31 αα αα αα 2019
22
αααΎααα αααα ααααα αα (αααααα) αααααα ααααααααα
αααααα αααα
αααααααααα
α’α αααααα ααα
α α α αααα αααααααααα α α α αααα αααααααααα α α α αααα αααααααααααααααααααα α α α αααα αααααααααα
(ααα
ααα α 2.3)
(ααα
ααα α 2.3)
(ααα
ααα α 2.3)
(ααα
ααα α 2.3)
(ααα
ααα α 2.3)
αααααααααα1 αααα αα 2019
(αα αααααα‘αΎααα-αααααα α 3) 15,000,000 60,000,000 (503,115) (2,030,808) 221,850 895,644 275,041 14,718,735 59,139,877
αααΎαααααααα 62,490,000 249,960,000 - - - - - 62,490,000 249,960,000
α ααααααααα αα - - 2,243,081 9,088,966 - - - 2,243,081 9,088,966
αααααααααααααα ααααααααα - - (480,304) (1,957,239) 480,304 1,957,239 - - -
αααααα ααααααααααα’α
αααααα - - - - - - 5,577,307 - 5,577,307
αααααα31 αααα αα 2019 77,490,000 309,960,000 1,259,662 5,100,919 702,154 2,852,883 5,852,348 79,451,816 323,766,150
αααααα αααα 1 αα 29 ααααααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
ααααααααααααααααααααα (ααααααα) ααααα 31 αα αα αα 2019
23
αααΎααα αααα ααααα αα (αααααα) αααααα ααααααααα
αααααα αααα
αααααααααα
α’α αααααα ααα
α α α αααα αααααααααα α α α αααα αααααααααα α α α αααα αααααααααααααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(ααα ααα α 2.3)
(αααααα α 2.3)
(αααααα α 2.3)
(ααα ααα α 2.3)
αααααααααα1 αααα αα 2018 ( ααα ααααααα) 15,000,000 60,000,000 (267,023) (1,077,972) - - 555,000 14,732,977 59,477,028
ααααααααααα αααααα CIFRSs (αααααα α 3) - - (52,168) (210,602) - - - (52,168) (210,602)
αααααααααααααα ααααααααα - - (223,730) (903,198) 223,730 903,198 - - -
αααααααααα1 αααα αα 2018 (αα αααααα‘αΎααα-αααααα α 3) 15,000,000 60,000,000 (542,921) (2,191,772) 223,730 903,198 555,000 14,680,809 59,266,426
α ααααααααα αα (αα αααααα‘αΎααα- αααααα α 3) - - 37,926 153,410 - - - 37,926 153,410
αααααααααααααα ααααααααα - - 1,880 7,554 (1,880) (7,554) - - -
αααααα ααα’α αααααα - - - - - - (279,959) - (279,959)
αααααααααα31 αααα αα 2018 (αα αααααα‘αΎααα -αααααα α 3) 15,000,000 60,000,000 (503,115) (2,030,808) 221,850 895,644 275,041 14,718,735 59,139,877
αααααα αααα 1 αα 29 ααααααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααααα α α ααα ααααα31 αααα αα 2019
24
ααααααααααα ααααα α
αααα31 αααα αα 2019
ααααααααααα ααααα α
αααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3) (αααααα α 2.3)
(αα αααααα‘αΎααα-αααααα α 3)
αααααααααααααα
αααα αααααααααα 2,750,607 11,145,461 102,686 415,364ααααααΎααααααα ααα 451,583 1,829,814 442,968 1,791,806ααααααα₯ααααααααααα
ααα₯ααα ααααααααα 7,174 29,069 (2,200) (8,899) αααααααααααααααα 18,270 74,030 (75) (303)αααααΎααααα’α αααααα
ααα αααααα 1,564 6,337 2,349 9,502αααααααααΎα’ααααααααααααα (22,118) (89,622) 54,020 218,511
ααααααααα ααααααα αα αα (7,000,000) (28,364,000) - -α₯ααα αααααααααααα’αααα (49,083,445) (198,886,119) (199,988) (808,951)αααααααααα αα 5,190 21,030 740 2,993ααααα’ααααα αα (359,307) (1,455,912) 385,597 1,559,740
α αααααααΎααααααααααααααααα (53,230,482) (215,689,912) 786,097 3,179,763ααααααΎαααα ααααααααααα (87,164) (353,189) (19,339) (78,226)
α αααααα (ααααΎααα) αααααα
αααααααααααααα (53,317,646) (216,043,101) 766,758 3,101,537
ααααααααααα ααααα’α αααααα ααα αααααα (40,968) (166,002) (8,930) (36,122)αααααα αααα (219,082) (887,720) (9,413) (38,076)
α αααααααααααααα’α αα
αααα ααα αααααα - - 91 368α ααααααααααΎααααααααααα
ααα (260,050) (1,053,722) (18,252) (73,830)
αααααα αααα 1 αα 29 ααααααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααααα α α ααα (ααααααα) ααααα 31 αα αα αα 2019
25
ααααααααααα ααααα α
αααα31 αααα αα 2019
ααααααααααα ααααα α
αααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(ααα
ααα α 2.3)
(ααα
ααα α 2.3)
(αα αααααα‘αΎααα- αααααα α 3)
ααααααα ααααααα
α ααααααααααααααΎααα 62,490,000 253,209,480 - -α αααααααααΎααααα (120,000) (486,240) (120,000) (485,400)α αααααααααααΎαααααα (8,300,000) (33,631,600) (5,300,000) (21,438,500)α αααααααααααα - - 4,800,000 19,416,000 α ααααααααα (ααααΎααα)
ααααααα ααααααα 54,070,000 219,091,640 (620,000) (2,507,900)αααααΎααα‘αΎαααααα α ααα αα
α ααααααα 492,304 1,994,817 128,506 519,807
α ααα αα α αααααααα
αααΎαααααααα αα 728,193 2,925,879 599,687 2,420,936 αααααα ααααααααααα’α ααα
ααα - 52,830 - (14,864)
α ααααα α αααααααα
α αααααααα αα 1,220,497 4,973,526 728,193 2,925,879
αααααα αααα 1 αα 29 ααααααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
26
1. α’ααααα
αααα αα’ -ααα αα αααα‘αααα α.α α ααα (βααααβ) αααααααΎααα‘αΎαααααα ααα α α αααααα ααααα 5 αα αα αα 2016 ααααααα αααα αααααααααα 00007514 αα αα αααααααααααα α
αααα ααααα αα ααα ααααα―αααα ααααααααααααα (βNBCβ) αααααα16 ααααα αα 2016 αααΎααααααΎαααααααααααααα―αααα α ααααααααα’α ααααα ααα αααααΎααααααααααααααααααααα11 ααααα αα 2016α αααααα26 ααααα αα 2019 αααα ααααα αα ααα αααααααα ααααααααααααα αααααα ααααααα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα ααααααα αα’ -ααα αα αααα‘ααααα.αα ααααααΎαα αααααα―α ααααα αα α α ααααα αααα α αααααααααα ααααα
ααα αα ααααααααα ααααααα αααααααααααα13 αααααα αα 2020 α
ααααααα αααααααααα ααααααααααΎαααααααααααΎαααααα ααααααααααααα ααααααααααα αααα αααααααααααααααα αααααααααααααα α α ααααααα
α α αααα αααα ααααααα αααα αααααα α’ααααα 132 αααααα294 (αααα ααααααα ααα) ααα αααααα α ααα α αααα αααααααα ααα α α ααααααα αααααααααααα αα 30 αα ααααα 31 αα αα αα 2019 (2018: 21 αα) α
2. αα α αααααααααα ααααααα αααααα
ααααααα αααααα αααααααα αααααα α α αααααααααααααα αα‘αΎαα αααα’ααααΎαα α ααααααααααα ααααααΎααααααααααα αα’αααα ααα αααααα
2.1 αα α αααααααααα αααααααααααα αααααααααααααααα ααααααααααααα αα‘αΎαα αα’αα α αααα αααααααααααααα ααααααα’ααααααααααα (βCIFRSsβ)α αααααα αααααααα ααααααααααααα CIFRSs αα αααααΎαααααα1 αααα αα 2018α ααααααα αααααααααααααα ααααα ααααα31 αααα αα 2018 αααααααααα αα‘αΎαα αα’αα α αααα ααααααααααα (CASs) αα αααααααα αααααααααααααααα αα ααααααααααααα (βNBCβ) (ααααααα α α ααααααααααααααα α ααααααααα α¬ ααααααααααααααβ)α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
27
2. αα α αααααααααα ααααααα αααααα (ααααααα)
2.1 αα α αααααααααα (ααααααα) αααα αααααα CIFRSs α α αα±ααααααα ααααααα αααααααααααααααααααααααααααααααΎααα ααααααααααααααααααααααααα αααααα α ααα3 ααααααααα ααααααααααα’ααααααα α ααααααααααα ααα α¬αα αααααααα α αααααααααααααααα ααα αααααααααααααααααα αααα
α CIFRSs ααααααααααααααααα ααααα ααααααα31 αααα αα 2018 ααα ααααααααααααα αααααααααααα α αααα αααααααααααα1 αααα αα 2018α αααααα αα ααααα ααααα αα ααααααααααααααααααααααα ααα’ααααα CIFRSs ααααΎααααα
2.2 αα ααααΎααα αα ααααΎααααααααααα αααααΎααααααα 1 αααα ααααα α αααααα 31 ααααα
2.3 αααααααααα ααααααααααααααααΎααααα α ααααααααααααααΎααααα α ααααααα αααααααααααααα αα αααα α α αααα ααααααααααααααααααααααααΎααααα ααααααααα ααααααααααααααα ααααααααααααααααα αααααα αααααααα α α ααααααααααααααααααα α ααααα α αααααΎα’α αααααααααααααααααααααα α ααααααααααααααα αααααααααααααααααα αα αααα αααααααααααα ααααααααααααα α α αααα ααααααααααααααα α α αααα α αααααΎα’α ααααααα αα ααααααα α αααααα’ ααααααααααααα ααααααΎααα‘αΎαααααααααααα α ααα ααα α¬ααα ααααααααααααααα α α αααα αααααααααα ααααααααααααα α α αααα αααααααααα (βααααααααααβ) αααααααα ααααααααααααα αααααα αααΎααα’αα α αα αααααααααα ααααααα ααααα11 αααααα 2016 α αααααΎα’α α αααααα’α ααααααααααααααααα ααααα α ααααααα αα αα αα’ααααα α αααα αα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
28
2. αα α αααααααααα ααααααα αααααα (ααααααα)
2.3 αααααααααα ααααααααααααααααΎααααα α (ααααααα) ααααααααααααααα’ααααααααααααααααααα α αααα αααααα αααααααα αα’αα ααα αααααααα αα αααααααα α αααα―α ααααα α αααααααα ααααααααααααα ααα α¬αα αααααααααααα αα ααααααα αααα αα’α ααααααααααααααα ααααα αα ααααααα ααααααααααααα αααααααααααα α ααααααααααααα ααα α¬αα ααα ααααααα ααα ααααααααααααααααααα αα ααααααααα α α ααααααα’αααα ααααααααααααααααα α α αααααααΎ α’α αααααααααααα αααααααα’ααααααα ααααααααα αααααααααα (βααααααααααβ) αααΎααααααααααααα ααα αααααα ααααααα αααααααααααααα αααααααααα αααα’ααααΎα’α ααααααααααααα’ααααααα 1 α α α αααααα ααααααα
2019 2018 2017
α’α α ααα 4,075 4,018 4,037
α’α αααααα 4,052 4,045 4,045
2.4 αααααααααα αααΎααααααααααα ααα ααααα αααααααααααααααα ααααααααααααααααααααα α α αααα ααααααααααααα
2.5 ααα αααααααα αα αααααααααααααααααα ααα ααααααα αααααααααααααα αα α ααααααααααααααααααα ααααααααα αααα αααααααα ααααααααααααααααααααα ααα ααααααα ααα αααααααααΎαα αααααα ααα CIFRSs ααααα ααααααα αα αααααααααααααααααα αα αΎαααααααααααααααααααααα ααααα±αααααα ααααΎααααααα αααααα α¬ ααααααααααααααααα‘αΎαα CIFRS 17, αααα ααα αααα αααααααΎ CIFRS 3: ααααααα ααααα αααα αααααααΎ CIAS 1 αα CIAS 8: ααααααα αααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
29
3. ααααα ααα αα αααααααααααααααα αα ααααα ααα α CIFRSs
ααααααα’ααα’αααα CIFRSs αααΎαααα ααααα’αααααααααααααααααααα‘αΎααα α αααα’α α CIFRS αααα αααααααααααααααααα αααααααα αα αααα α CIFRSs αααΎαααα (αααα31 αααα αα 2019) αααΎααααααα αα αα α ααααααα αααααα CIFRS 1α ααααα αααααααααα ααααααααααααααα α CIFRSs αααααααααα ααα α αααααααααααααααααα αα’αα α αααααααααααααααα αααααα1 αααα αα 2018 (αααααα αααααααα αααααα CIFRSs) αααααα 31 αααα αα 2018 (ααααααα ααα ααααααααααααα α ααααααα ααααααα αααααα ααα αααααααααααααααα)α ααααα1 αααα αα 2018 ααααα31 αααα αα 2018
αααααα
ααααααααα
ααααααΎα α
αα ααα‘αΎααα
αα αααα
αα‘αΎααα CIFRSs
αααααα
ααααααααα
ααααααΎα α
αα ααα‘αΎααα
αα αααα
αα‘αΎααα CIFRSs
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
αααααααα
α αααααααα 2,000 - - 2,000 343,507 - - 343,507
ααααααααααααααααααα 96,462 - - 96,462 100,517 - - 100,517
αααααααααααααα (α) 501,225 - (277) 500,948 281,327 - 2,640 283,967
α₯ααα αααααααααααα’αααα (α) 21,014,596 77,197 (11,570) 21,080,223 21,196,479 81,137 4,794 21,282,410
ααααααα αα αα 750,000 - - 750,000 750,000 - - 750,000
αααααααααα αα (α) 105,272 (77,197) - 28,075 108,472 (81,137) - 27,335
αα αααα 306,716 - - 306,716 230,148 - - 230,148
αααα αααααα α 929,564 - - 929,564 677,993 - - 677,993
ααααααΎααααααΎααααααααααα (α) - - 412,190 412,190 - - 313,264 313,264
ααααααααααα 23,705,835 - 400,343 24,106,178 23,688,443 - 320,698 24,009,141
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
30
3. ααααα ααα αα αααααααααααααααα αα ααααα ααα α CIFRSs (ααααααα)
ααααα1 αααα αα 2018 ααααα31 αααα αα 2018
GAAP ααα
ααααααΎα α
αα ααα‘αΎααα
αα αααα
αα‘αΎααα CIFRSs GAAP ααα
ααααααΎα α
αα ααα‘αΎααα
αα αααα
αα‘αΎααα CIFRSs
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
ααααα’ααα αααααααα αααα α
ααααα’ααα
αααααααααΎαααα αααααααα 2,284 - - 2,284 47,705 - - 47,705
ααααα’ααααα αα (α) 170,574 - 125 170,699 590,457 - 13 590,470
ααα 8,800,000 - - 8,800,000 8,300,000 - - 8,300,000
ααααα’αααααααα (α) - - 452,386 452,386 - - 352,231 352,231
ααααα’αααααα 8,972,858 - 452,511 9,425,369 8,938,162 - 352,244 9,290,406
αααααα αααα α
αααΎααα 15,000,000 - 15,000,000 15,000,000 - - 15,000,000
αααααα (267,023) (223,730) (52,168) (542,921) (249,719) (221,850) (31,546) (503,115)
αααααα ααααααααα (α) - 223,730 - 223,730 - 221,850 - 221,850
αααααα αααα αααα 14,732,977 - (52,168) 14,680,809 14,750,281 - (31,546) 14,718,735
αααααα αααα α αααααα
α’ααα ααα 23,705,835 - 400,343 24,106,178 23,688,443 - 320,698 24,009,141
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
31
3. ααααα ααα αα αααααααααααααααα αα ααααα ααα α CIFRSs (ααααααα)
ααααααααααααα’ααααααα α α α ααα α¬ αα αααααααα α αααααααααααααααα ααα ααααααααα αααααααα αα CIFRSs ααααααααααα ααααα α αααα31 αααα αα 2018α
ααα
ααα α
αααααααααααα
ααα ααααααΎα ααα ααα‘αΎααα αα αααααα‘αΎααα CIFRSs
α α α αααα α α α αααα α α α αααα α α α αααα
α ααααααα 1,873,064 171,032 7,273 2,051,369
α αααααα (α) (469,041) - (19,845) (488,886)
α ααααααααααα 1,404,023 171,032 (12,572) 1,562,483
α αααααααααααα αα (α) 180,684 (171,032) - 9,652
(α ααααααα) α¬αααααααα α αααααα
αααααΎααααααα₯ααααααααααα (α) (9,733) - 12,120 2,387
α ααααΎααααα (764,406) - - (764,406)
ααα (α) (344,042) - (98,926) (442,968)
α ααα αα (α) (384,462) - 120,000 (264,462)
α ααααααααααααα 82,064 - 20,622 102,686
α αααααααΎαααα ααα (64,760) - - (64,760)
α αααααα 17,304 - 20,622 37,926
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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3. ααααα ααα αα αααααααααααααααα αα ααααα ααα α CIFRSs (ααααααα)
ααααααα α’α αααα ααα α
α) αααααααα ααααααα’αααα ααααααα α ααααα αααααα CIFRSs
ααααα1 αααα αα 2018
ααα
ααα α
αααααα
ααααααααα
ααααααΎα α
αα α α
CIFRS 9
ααααα α
αααααα
ααααααααα
ααααα α
CIFRS 9
α α α αααα α α α αααα
ααααααααα αααααα αααααααααααααα (i) αααααααΎα ααααααααααα 501,225 500,948
α₯ααα ααααααααα (ii) αααααααα ααααααααααα 21,014,596 21,080,223
αααααααααα αα (iii) αααααααα ααααααααααα 105,272 28,075
ααααα’αααα αααααα
ααααα’αααααααα (iv) αααααααΎα ααααααααααα - 452,386
ααααα’ααααα αα (v) αααααααΎα ααααααααααα 170,574 170,699
(i) ααααααααα1 αααα αα 2018 αααααααααααααα αααααααααα αα αα 277 α α α αααα αααΎααααα α ααααααααααααΎαααα ααααααααα αααα ECL αααΎ αααααααααααααααααααααααα ααααααααα CIFRS 9α
(ii) αααααααααααααααα ααααααααα α αα₯ααα ααααααααααααααααααααααα ααα₯αααααααααααααααααααα α α αααααααΎα
αααα αααααΎαα ααα EIRα α₯ααααααααααααααα ααααααα’αα αα 65,627 α α α αααα α α αααα - ααααααΎα ααα ααα‘αΎααα ααααααααααααααααααααα α αα 77,197
α α α ααααααααααααααααααααα αα αααααααααααα₯ααααααααααααα
- αααααααααααααααα αααααααΎααααΎ ααααααα₯ααα ααααα ααα α ααα ααααααα αααααααααα ααα α¬αα ααααααααααα ααααα αααα αα αααα31 αααα αα 2018α ααααααα1 αααα αα 2018 αααααααααααΎαααα ααααααααα αααααααααΎααααΎ ααααααα₯αααααααααααα αααααααα α α ααααααΎα²αααααααα₯αααααααααααα ααα αα αα 220,843 α α α ααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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3. ααααα ααα αα αααααααααααααααα αα ααααα ααα α CIFRSs(ααααααα)ααααααα α’α αααα ααα α (ααααααα)
α) αααααααα ααααααα’αααα ααααααα α ααααα αααααα CIFRSs (ααααααα)- αααααααααααααααα ααααααααααΎαααααααααΎαααααα
α₯αααααααααααα α αααα’ααααΎααααααα’αα α ααααααααααααααααααααααα B7-017-344 ααααααααααα ααααα αααααα31 αααα αα 2018α ααααααααα1 αααα αα 2018 α₯ααα ααααααααααααααΎααα‘αΎα α αα 209,273 α α α αααα αααααααααααααααΎαααα αααααααα ααα α CIFRS 9 ααααα ECL αααΎα₯ααααααααααααααα’αααα αα αααααααα
ααααααααα α ααααααααα (iii) αααααααααα αα ααααα α α αα 77,197 α α α αααα ααααα ααααααααα
αααααααααα αααααααααΎα ααα ααα‘αΎααα ααααααααααααααααα αα αααααααααααα₯ααα ααααααααα αα ααααααααα α αα (ii) αααααΎα
(iv) αααααααααααααααα αααααααα α αααααα’ααααααααααααα ααααααααα1 αααα αα 2018 α ααα αα αααααααααααααααααα αααα αααΎααααα’ααα ααααα α CIFRS 16 αααααααα α α α αα 452,386 α α α ααααα
(v) ααααααα1 αααα αα 2018 αααααααααααααααααα αααα α αα 125 α α α αααααααΎαααααααααααα αααααα αααααααα α ααααααααααααααα’ααα αα αα α’αα α α αααααα CIFRS 9α
α) ααααα
ααααααα1 αααα αα 2018 αααααααααααααααααα αααα α αα 412,190 α α α αααααααΎααααααααααααααααααΎααααααααααα αα α αα 452,386 α α α αααα αααΎααααααααααα’αααααααα α’αα α ααααααα CIFRS 16α α αααααα α αααααααααααααααααα α αααααααα αααααααααα
α) α ααααααα ααα αααααααααααα αα
α ααααααα ααααααααααα ααααα ααααα31 αααα αα 2018 αααααΎααα‘αΎαα αα 178,305 α α α αααα α α αααααααΎααααααααααΎααααααααΎ ααααααα₯ααα ααααααααααααΎα ααα ααα‘αΎααα αα ααααααααα ααααααααααααα αααοΏ½
α) α ααααΎααααα
(i) α ααααΎααααααααααΎααα‘αΎα α αα 19,845 α α α αααα αααΎααααα α α ααααααααα αααΎααααα’αααααααα ααααααααααα ααααα ααααα31 αααα αα 2018α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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3. ααααα ααα αα αααααααααααααααα αα ααααα ααα α CIFRSs (ααααααα) ααααααα α’α αααα ααα α (ααααααα) α) α ααααΎααααα (ααααααα)
(ii) ααααααααααα ααααα ααααα31 αααα αα 2018 ααααααααΎααα‘αΎαα αα 98,926 α α α αααα αααΎααααα α ααααααααααααΎααααααΎααααααααααα ααααααααα CIFRS 16α α ααααααααααα αα ααααα αα αα 120,000 α α α
αααα αααΎααααααα α αα α ααααα α α αααααααααααα α) ααααααααααααααααα ααααααααα αααααααα ααααααααα αααααααααα
αααααα ααααααααααααααα (αααααα αααα 19)α
4. αααααααααααααααααα
4.1 α ααα αα α ααααααα α ααα αα α ααααααα ααααααααα α αααααααα ααααααααααααα
ααααααααααααααααα α ααααααααΎα αααααααααααα ααααααααααα αααααα αααααααα ααααααααααα 3 αα α¬αα αα αα αΎαααα α αααα α αααααα αααα ααα ααααα αα α ααααααα αααααααα αααααααααααΎαααα αααααααααααααααααααααα α α αααααααααααααααααα
4.2 α§ααααα αααααα ααααααααα ααααααααααααα’αααα ααααααααααααα αααα α αααααααα αααααααααααααααααααα (αααΎααααααααααααα αα αα) αααααααααααααααα₯ααααααααααααααα’αααα αααααααααα ααααα (αααΎααααααααααααααααααα αααα ααα ααααα) αααααααααα’ααααα ααααα (αααΎαααααααααααααα) ααααα ααααα αααααααααααααα α’αα α ααα ααααα (αααααα α 4.2.1)α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα
4.2 α§ααααα αααααα (ααααααα) ααααα α α αα ααααααααΎαααα
ααααααααα ααααααααααααα’αααα αααααα αααααααα α α ααααααααααα α αααα ααααααααααααα ααααααααααα αα αααααα α ααααααα αααα α αααα ααααααααααααααα’αααα αααααα ααααα ααααααααΎαααα αααααααααααα α α αααααααααααα α ααααααααα¬αααα ααααααααααα ααααααα’αααα αααααα α ααα α (ααααααααααααααααααα’αααα αααααα ααα α ααααααααααααααααααααααα ααα α¬αα) ααααααααααα¬αα αααααααααααααααααααααα¬ααααα’αααα αααααα ααααα αααααα α ααααα
αααααααΎαααααααααααα ααααααααααΎααααααααα α αααα ααααααααα α αα αααααα αα ααααααα αααααααΎαααααααααα αααααααα αα ααααααααααααααααα ααααα αααα
ααααααααα¬α’ααααα αα αα α¬αααα’ααααΎααα α αααα ααααααααααααΎαααααα αα αααα α α’ααααααααα αααααααα αααααα α ααααααααααα ααα α¬αα αααΎααααα α αααα (α§αα ααα ααα αααα¬αααααααα 1);
ααααααααα’α ααααααααααααααααααααααααααα αααΎααααααΎα²α ααααααααααααααααααα (α§αα ααα ααα αααα¬αααααααα 1 ααααααααααααααααα α α α α αααα ααααααααααα αααααααααααααα¬ααααα’ααα) α
4.2.1 αα ααααα αααα αααα αααααααααααααααααααα (αααΎααααααααααααα αα αα) ααααααααααααααα α₯ααααααααααααααα’αααα αααααααααα ααααα (αααΎααααααααααααααααααααααα ααα ααααα) αααααααααααααα ααα’α αααααααα α¬ αααααα αααααααααααααααααα α ααα ααααααααααα αααααααααααααααα
ααααααααα αααααααααααααααΎαα‘αΎα ααα αααααααααααααααα αα αααΎαααααααα α α ααα ααα α ααα
αααααα ααααααααααα αααααα αααααΎααα‘αΎααααααααα αααα ααααα α α ααααααααααααααααααααΎααααααΎαααααααααααα α α αααααΎα αααααΎααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα)
4.2.1 αα ααααα (ααααααα) α αα ααα’ααααααααα αααααααααα ααα αααααα α
ααααααααΎαα αααααα’ααααααααααα αααααααααααααααα αααααααααααααααααααα ααααααααααααααααα ααααααααααααααααααα ααααααααααα α α αα α ααααα
αααααα ααααααααααααααα α ααααααα αααααααα ααααα’αααααααααααααΎαααααααααααα ααααα ααα ααααααα’ααααααααα ααα ααααΎααααααααα ααααααα ααα α ααα α ααα ααα’α ααααααα ααααααααααα ααααααααααααααααααα αααααααααα ααααααααααααα’ααα αααααααααααΎαααα αααααααααααααααααα α¬ααααα α αααα α α ααα α ααααααααααααααααααα
ααααααααααα’αααααα αααααααααααααααα αααααα αααααααααααα ααααααααααααα ααααααα αααααααααααααααααααααααααααα
ααααααααααααααα’αααααα ααααα (ααααααααααα αααααααααααααααααα αααααααα) αααααααααααα ααααααααααααααα
ααααααααα’αααααααα ααααααααααααα (α§αα ααααααΎααααααα’ααααΎααααααααααααααααααααααααααααααα¬αα α α ααα ααα α ααααααααααααα
αααααα αααα ααααααα ααααααααααααααααα αααα αααα ααααααααΎα²ααααα αααααααααααααααααααααααα’αααα ααααααα αα αααααααααααααα ααααααααα α α ααα‘αααααα αα ααααααααααααααααα αααΎαααα αααααααα ααα ααααααααα αααΎααααααααααααααα
ααααααααααααααααα αααααααααααα ααααααααα α α αα α α αααα ααααααααα ααααααααα ααα α¬ααααα α ααααααααααααααααα ααααα αααα ααααααααααα ααα αααα αααααααααααααααααααααααα ααα α¬αα
(βFVTPLβ) αααααααααααααααααα α αααααααα α ααααα α α ααα α¬αααααααααααα ααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.2 ααααααΎαααααααΎ αααααααααααααΎα ααααααααα α α
αα αα2 ααααααΎ αααααααΎα ααα αααααααα ααααα ααααααααΎαααααα αα α ααα ααααααααααα αααααααααΎαααααα α αααααα SPPI αααα¬ααα
αααααααααααααα ααααα βααααααΎαβ αααααααααααααααααααααααααααααα αααααααααΎααααα α ααααα βαααααβ ααααααααααααααααααααααααααα αα α ααα αααααα αααα₯ααααααααααααα αααααααααααααααααα’α‘αααααα α αα α αααα― ααααααααααα₯ααα αααα (αα αα ααααααΎ α ααααααααααα αααααα) ααααα αααα ααααα αααααα α α ααα ααα α αααα SPPI ααααααααααα α αααΎαααααααααα α αααα αααααααα ααααα αααααααααΎααααααααα αααααααααααααααα α αααααα α αα ααααααααα α¬α αααα α α ααα ααα α ααα ααααααααααααααα
ααααααα αααααα αααΎααααααΎαα αααααααααααααααα ααααααΎα
ααααααα α αα ααααα ααααααααααααααα α α ααα
α αααααααα
ααααααααααααααααααααααα
αααααα ααααα’ ααααΎααααααααααααααααΎαα α α αααααααααααααα ααα (α§αα αααα₯αααααα ααααα)αα
α ααα ααααααααααααααααααααα α ααα ααααααααα αααααα (α§αα ααααααααα’α ααααααα‘αΎααα ααααααααααααααα)α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.2 α§ααααα αααααα (ααααααα) 4.2.2 ααααααΎαααααααΎ αααααααααααααΎα ααααααααα α α (ααααααα)
α₯ααααααααααα αααααααααα₯ααααααα ααααα αααααααα αααααααα αααα’αααα αααααααααα αααααααααααααα αα αααααα ααααα (α₯αααααα ααααα)α ααααααααΎαααα αααααΎα₯αααααα ααααα αααΎαααααα₯ααααααααααααα α αα αααααααα α SPPIα ααααααααΎααααααααααα ααααααααααααααα αα α αααα₯αααααααα αααα αα ααααααΎα ααααααα αααααααα αααα
ααα‘αα
ααααααααααααααααααα ααα αααααααααααααααααααα αααααααααααααα
αααααααααααααααα’αααα αααααααα ααα α ααα αααααααααα αα αααααααααααααα αα αα
α’αααα αα―αααααα α¬αααα α α¬αααα αααααααααΎααααααααααααααα
αααααααααα ααααααααααααΎαααααααα ααααααα₯αααααααααααααααααα
αααααααααααααα’αααα ααααααααα α αααααα αα
αααααααααααα’ααααααααααααααα‘αΎααααααααααααα α ααα ααα ααα‘αΎαααααααααααααααα’αααα αααααα ααααααααα αααααααααααααααααΎα ααα ααα‘αΎααα ααα ααααα α ααααααα αα‘αΎααααΎααααααααααααααα αα αααααααααααααα ααααααααααα αααΎααααααααααααααααα ααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.3 ααααααα α αααααααααα ααααααααααααα’αααα αααααα
ααααααααα αααααα ααααααααα α ααααΎ ααααααααα ααααααααααα ααααα α αααααααααααα α ααααααααΎααααααααααααααααα α¬αααααααααα¬ααααααα αααααααααααααα ααααααααααααααααααααααααα¬ααααααα αααααα αααααααα α αααααααααα αααααα αααααα α ααααααααααααααα (α¬ααααααααααααααααα αααα ααααααααααααααααα α α) αααααααα (i) ααααα α ααααα ( αααα αααααααααααααααααααα ααααααααααααααα ααα) αα (ii) αααααα αααα¬αα αααααααα α ααααααααααααα ααα α¬αα ααααααα
ααα α ααααααααααααα ααα α¬ααααα ααααααα ααα ααααα’αααα αααααα ααααα’αααα ααααααααααα ααααα α ααααααααααααααα α ααααααααααα α αααα αα¬αααααα ααααααααααααα’αααα αααααααααααα αααααααααα αααααα’αααα ααααααααααααα ααα αα₯ααααααααααααααααα αααα ααααα α α¬αααααα ααααααααααα αααααα ααααα αααα ααααα¬ααααααααααα αααααα αααααααααααα α αααααααΎαααααααα α ααααααα αααααα α αααααααααααααα αααααααααΎααααααααααααααααααααααα α ααααααααααααα ααα α¬ααα
4.2.4 ααααααα αααα αααααααααααα αααααα αααααααΎαααααα ααααααααααα αααααααααααααααα αααααααααααΎαα ααααααααΎαα α
α αααααααααααααααααααααααααααααααααααααααα αα αα αααααααΎαα α α ααααααααααα αα αααα ααααααΎαα α α ααααααα α ααα αααααααααα αααααααααΎααααααα αααααααααα αααααααααααααααααα αααααααααΎααααααααα α α αα αΎαααααααααα αααααααααααααααα α αααααααααααααααααααααααααααααααα αααααααααααααααααααααααααααααααααα α ααα ααααααα ααααα ααααααααα αααααααααααααααααααααααααααααααααααααααα ααα
α αα±αααααααααααααααααααααα ααααα αααα αααααα αααααααααααααααααα αα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.4 ααααααα αααα ααα ααααααααα αααααα (ααααααα)
αααααααα αααααααααα αααα ααααααααααα ααα α¬αα ααααααααααααααα αααα¬αααααΎααααααα α αα
αααααααΎαα α α αααααααααααααααααα αααα’αααα αααααααααααα αααααα ααα αααααααααααααααααααααα αααΎααααααααααααααα α α αααα α’αααα ααααααα αα α ααααααΎα αααααααααΎαααααααααααααααααααααα αααααααα αΎαα αααααααΎααααααααααααααααααααααααα αααααα ααααααααααα
α αα±ααααααααΎαααααααΎαα α α αααααα ααααααααα α αααααααΎααααααααααααααααααααααααααααα α αααααααααααααααΎααα‘αΎα (αααααΎααα
αααααααααααααααααααα α) α αα αααααα ααα₯αααααααααααααααααααααααΎαααααααα ααααααααααααααααααα ααααααααααα α α
ααααααααααααα α αααααααΎαααααααααααααααα αααααααααααααα αααα α αα ααααα¬
FVOCI ααα α αα±αααααααααα α αααααααααα αααααααααααααααααααααΎααααααα‘αΎαααααα αααααααααααααααααααααααααααααα ααααααα αααααΎα’α ααααααααααααααααααααααααα α ααααααααααα αααα ααααααα αααααααα α ααααααααααα ααα α¬ααα α αααααααααααα αααααα α’α α’ααα αα’α ααααααααααααααααα ααααααααααααΎαααΎααααααααααΎααα‘αΎαα¬ααααααααααααααααααααΎαααααααα αααααααα αα ααα α αααααααααααααΎαααααααα ααααααΎαα¬αααααα αααααααααααααααααααααααα αααααα αααααααΎαααααααααααααααααααααααααα αΎααααααααααααΎααααααΎααααααααααααααααααααααααααααααα
αααααααΎααααααααααααααααααα’ααααα α αααααααα ααααα αααααααααα’αααα ααα ααααααααα αααα¬αααααααααα ααααα ααα αααααααααααΎα±αααααααααα αααααααα ααααα αααααααα ααα ααααααα ααααααααα α α’α αααααααααα ααααααααα
4.2.5 αααααα ααααααααα ααααααααααααα’ααααα αααααα ααααααααααα αΎαααααααα αααα αααααααααααα α αααα αααααα αα αααα αααααααααααα²αααααααααααααααααα ααααααααααα ααααααααααααααααα αααααΎααααααα α¬ αα ααααααααααααααα ααααααααααααα’αααα ααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.2 α§ααααα αααααα (ααααααα) 4.2.6 αα αααα ααααααααααα
'αααααααααα' αααααααααααααααααααααααααααααα α¬ααααααΎαααααααααααααααααααα α αααααααααααα ααααααααα αααααα αααααααΎαα¬ααααααααααααααα αααα’ααααααααααα αΎααααααααααααα αααααααα αααααα ααααααααααααααααααααααααααα αα αααααααααΎ αααα
ααααααααΎααααααααααααααααα α§ααααα ααααααα αααααΎααααααααααααααααααα ααααα αα ααααααααααα"αα ααααα" ααααααααααααααααααααααααααααααααααααααα ααααααα’ααααααΎααα‘αΎααααα ααααααααααααααααααααα αΎαααα α αααααα ααααααααααααααααααα αααα αααααααΎααααααααααα ααααααααα αααααα ααα αααααααααααααΎαα ααααααααααααα αααααααααααααααα ααααα ααααααααααααααααααααα
ααααααα’αααα ααααα αααααααα ααααα α ααααααααααααααα’αααααα
αααα ααα’ααααααααααααααααααα§ααααα ααααααααααααααααααααα ααααααααααααααααα α§αα αααααααααααααααααααΎαααααααααααα¬ααα αααααααΎααααααααααααααααα ααααααααααααααααααααααααα ααααααααααααααΎαααααααα αα αΎα αααααααααααααααααΎαααααααααα α α αααααααααα ααααααααααα ααααααααααααααααα ααααααα’ααα αα αΎαααααααα α αααααα αααααααααααα αααααα α αααααααα ααααααα ααααααααααΎααααΎααααα αααααααααααα αααααααααααααααααααααΎ αα αΎαα§ααααα αααααααααααααααααα αααααΎααααααααααααα ααααααααααααααααΎαα‘αΎααααααααααααααααα ααααααααααα αααααααααααααααααααααααααααααααααααααααααααΎααααα‘αΎαα αααααα’ αααααα αα ααααααααααααα ααα α¬αα ααααααααααααααααα’ αααααααααΎααα‘αΎα ααααααααααααααα α αααααααααααααααα§ααααααα’αααααααααααααααα‘αΎα αα αΎαααααααααααααααααααααααα α αααααΎαααααα αα¬αααααααααααα αααααααα
αααααααΎααααααααααααααα’αααααααα ααααα αααααΎαααααα α α ααααααααα αααααααα ααααααα α ααααααααααααααα ααα αααααααααααααααααααααααααααααααααα α αααααΎα’α αααααα αααααααααααααα’αααααα ααααααααααααααααα αααααΎα’α ααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.2 α§ααααα αααααα (ααααααα) 4.2.6 αα αααα ααααααααααα (ααααααα)
αααααααααααααααα ααααααααααααα’αααα αααααα αααααααααααααααα ααα αα ααα αααα₯αααααααααααααααααα ααααα α αααα’ααααΎ ααααα
ααααα ααα αααα₯αααααααα αααα α αααα’ααααΎααααααα α αααααααααααα ααααααααααααααααααααα (α¬α ααααΎαααααααααααααααααααααααααα) αααα ααααααααα ααα ααααααααααααα αα α α’α αα αα - α¬ ααααααα αααα₯ααα ααααα αα αααααααααααααα α ααα ααααααααααααααααα ααααα ααααααααα ααααααα’αααααααααααααα α ααααααααααααα
αααα ααααααααααααααααα’αααα ααααααααααααααα ααα αααααα αααααααΎαααα αααααααα αααααααααΎααααα ααααααααααα αααααααααααααα²αααα
ααααααα α ααααααα ααα αααααααααα α α αααααααααα αααααααα αα ααααααααααααααααααααααα αααααααααΎααα‘αΎαα
4.2.7 αααααα α ECL ααααααα α ααααααααααα ECLs αααΎα§ααααα αααααααα αααααααααααααααα ααααα ααααααα αα α αα ααααααααααααα ααα α¬αα (FVTPL)α αααααααααααααα ααα α₯ααααααααααααααα’αααα αα αα α αααα₯ααααααα α αααααα ααααααααααααα α ECLs ααααααααααααΎαα αααα ααααααααααααααααα αααααααααααΎααα 12 αα ECL ααα ECL αααααααα αααααααααααααααααα αααΎα§ααααα ααα
ααααααα’α‘αααα 12 ααααα αααααααα αα αααα (ααα αα αααα 1) α α¬ ECL αααααααα αααECL αααααααααααααααααααααααααααααα ααα
α ααααααΎα²ααααααααααααΎ α§ααααα αααααα (αα αααααΎα αααα 2 ααα αααα 3)α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.2 α§ααααα αααααα (ααααααα) 4.2.7 αααααα α ECL (ααααααα)
αααααααααααααααα ECL αααααααα ααααααααααααα§ααααα αααααααααααααΎ αααα₯ααααααΎα§ααααα ααααααααααααααΎααα‘αΎααα α ααααααα
α ααααα α αααα§ααααα αααααααα ααααα ECLs ααααα αααααααα αααααααααααΎααECL12ααα ααααααα’ααααααααααααααΎααα ααα αααα₯ααααααα ααααααα ECLs αααααα α αα αααα’ααααΎααααααααααααααα α ααααααααααααα₯αααα αααααααααα αααααααααααα α αααα αααααααα α ααα α α αααα α ααααααααααααα α ααααααα α α ααα ααααααααααααααααααααααααααααα
α ααααααααα α ααααα’ααα αααααααΎα²αα’α ααααααααααααα (EIR) αα αααααααααααααα αα αα β’ α₯ααααα α αααααααααααα αα²αα’ααααααααΎααα ECL αααααααα α α
αααααα α αααααααααααα α ααα α α ααα ααα α ααα ααααααΎααα‘αΎαα α ααααααααααααΎα’ααααααααααα α ααααα₯ααα αααα α α ααααααααααααααααααααααααααααΎ α₯αααααααααααα α αα
αααααα α αααααα αααααα ECL αααααααα α αααα ααααααααααααΎααααα’ααααα§αααααααααααααααα ααα ααααααααααααααααααααααααααα’ααααααααα ααααα¬αααα αααααα
ααααααα ECL αααΎαα α αααααα¬ααα’ααααΎαα α αααα αααααααααααα₯ααααααααααααα ααααααααα α αααααααα α ααααααααααααααααααα’ααααΎαααααα α αααααααα α α ααααααααααααααααααα αααααΎ EIR αααΎααααααααα ααα ααα’ααααΎαα α αααααααα α¬αααα αααα‘αΎαα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
44
4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.7 αααααα α ECL (ααααααα)
α₯αααα’αααααααααααααααα αααααα αααα ααααα ααααααα "α₯αααα’αααααα" ααααααααααααααα¬ααα αΎαααααααααααααααα ααααΎαα α α αααα ααααααααααα’ααα ααααααααααααα αααααααααααΎααα‘αΎαα α₯αααα’αααααααααααααααα αααααααααααααα αααααααααααααααα α3 α ααα αααααα ααα αα₯ααααααααααααααα α α’ααααααα’αααααααααα ααααααα αααααααααα αααααααααααααα’αααα α¬α’αααααα α αααααααααααΎαα α ααααα ααααα ααααααα¬α ααααααα αααααα αααααααααααααα α αααααααΎα²αα’αααα ααααααααααααααααα‘α ααααααα’ααα²ααα αα
αααααα α αααααααααΎααααααααααΎα₯ααααααααααα αα‘αΎα ααααααααα αααα ααααααααΎαααααααα²αααααααα ααααααα α¬ ααααααααααααα αααααααααααααα ααααααααα α αααα α αααααααααα
α₯ααα α
αα α ααααααααααΎαααααααααααα α ααα αααααα αααααααα₯αααααααα αααααααααααα αα α α α αα±αααααααααα αααααααα ααα₯αααα’ααααααα αααα ααααααααΎα§ααααααα ααααααααααααα ααααααααααα ααααα αααα ααααα¬ FVTOCI αααααα α₯ααα ααααααα ααααααααααααα αααΎααααααααααααααΎα§ααααααααααααααα αααααααα αα₯ααααααααα α αααΎ
α α αα ααααααααα αααα’α α₯ααα αααααααααααα’αααα αααααααααααααα
α₯ααααααααα αααααααααα αα₯ααα αααααααααααααααααααααααα’αααα α α ααααααααααααα αααα α αααα αααααααααα’αααα ααα αααα αααα αααα α αααααααααα αααααααααααααααα α α ααα ααα α αααααααα αααα±αααααα ααα αααααα ααααα αααααααααα αααα α αααααααααααα αααααα ααααααααααααααα α αααααααααααα αααααααααααααααα ααααααααααααα₯ααααααααααααα α ααα α αααΎααααΎααααα ααα αα₯αααααααααααααααααα ααααααααααααααΎα (αααααΎααααααα) ααααα αααααααααααααααααα‘αααααααα ααα αααααααααααααααααααααααα‘αααααααΎαααααααααααα 90 αααα¬ααα αΎαααααααα α α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
45
4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.7 αααααα α ECL (ααααααα)
αααααααααααα αααααα αααααα αααECLαααααααααααααα α αααααααααα
αα αααααααααΎααααα αααααECL ααααααααααααααΎαααααααααΎααααααααααααΎ ααα 12 ααα¬ ECLs αααααααα αααααααα’ααααα ααααααααΎα
αα‘αΎαααα±αααααααα αααα₯ααα α
αααααα α ααα αα ααααααααααααααααΎα²αααααααα αααΎααααα‘αΎαα α’αααα αααα αααααααααααΎαα 90 ααααααΎαααααα α α₯ααα ααα ααα
ααααα α¬ α’αααα ααααααααα¬ααααΎ ααααααα α α₯αααααααααααααααα
αααααααααααα αααααααααΎααα α αααααααααααααααααααααααα ααααααααααααααααα αααα₯ααααααααα ααα αααααααα²αααααααααααααααααααααα α αααααααααααα αααααααααα ααααααααααΎαααααααα ααααααααα αααα αααααααααααααααα α α₯αααααααααααααα ααααα ααααααα ααααααααααα’αααααααααα αα’αααααααααα α α ααα ααααα αα²ααα ααααααα ααααααααααααααααααααα α ααααα
ααααα ααααααααααααΎα’αααα αααααααα α¬ααααΎ ααααααα α α₯ααααααααααα ααααααααααααααα αααααααααααααα ααααααααα ααααα ααααααΎααααααααααααααααα§αα ααααααααααα₯αααααααααα α αα αααααααααααααααααααΎαααααααααααααααααααΎαα α αααααα α ααααααααααααααααα₯αααα αα ααααααααα α α αααα αααααα ααααααααααααααΎαααααα α αααααααααααααα αα ααααα αααααααααααααααααα ααααααααΎααααααααααααααα αΎααααΎαα ααααααααααααααα αααααααααααααΎααα‘αΎααααααααα¬αααααααααααααααα αα αααααααααα αααααααααααααααααααααα αααααααααααα αα₯ααα αααααααα ααααααα ααααααααααααααααα αα₯αααα ααα ααααααααααααα αααα₯αααααααααα ααααααα αααααααααααααααααααα αααααααααααα ααααα αααααααααααααααααα ααα αα₯ααααααααααααα ααααααααααααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.2 α§ααααα αααααα (ααααααα) 4.2.7 αααααα α ECL (ααααααα)
αααααΎααα‘αΎα αααα₯αααααα±αααααα α ααααααααααα αααααααααα ααααααααα’α ααααααα ααα α ααα α₯ααααααα α ααααα αααα αααααα ααααααααααααααααααααααααΎαα ααααααααααΎααα αααα₯ααααααΎααα‘αΎαα α ααααααααα α ααααα αααααααΎαααααααΎααα‘αΎαααα±αααααα ααα αααα₯αααααααααααααΎαα αααααααΎαααααααααΎαααααα ααααααΎ αααααα ECL αααααα 12 ααα ααααααααααααααααααααααα ααααααααααααααΎααααααααααα αααααααααααα αααααα αα αααα₯ααααααααααααα ααααααααααααα α αααααααα αααα₯ααααααΎααα‘αΎαα αααααααααααα αααΎα αααααααααα ααααααααα’α ααααααα ααα α αααα₯ααα αααα α ααααα αααα αααααααααααααααααα ααααααααΎααα‘αΎα αααα₯αααα
ααααα ααααααααααΎ αααα₯ααα αααααΎα§ααααα αααααααααααΎααα‘αΎαααα±αααααα αα α ααααααα α ααααα ααααααα ααααα ααααααααααααααΎα§ααααα αααααααααααααα αααααααα α αααα’ααααΎ αααα₯ααααααααααααα αααααα§αααα αααααααααααα ααααααααααΎααα‘αΎαααααα αα αααααααα αααα₯ααα ααααααααααααααα αααααααααα α ααααααααααααα§ααααα αααααααααααααα α ααααααα α αααααααααΎαα αααααααααααααα α ααααααααααααααααααααααα ααααα α ααααα ααααα αααααααααααααΎααααα ααα α ααααα αααα αα α α α¬ααααααααα α αααα’ααααΎαααα αα ααααααα αα ααααααααααα αααααα₯ααααααααααααααααααααααΎαααααα
ααααααααααα α αααα αΎααααααΎαααααα α α ααααααααααααααααααααααααααααααααααα α ααααααααα αα αααααααααααααααα αα αααααααααα α αααα αααα±αααααααααα ααααααααα α αααααααααααα α ααααα αααα ααααααααΎαααα α αααααααααααααα ααααααααααααΎαααΎααααααααΎ αααα₯αααααααα α αααΎααα‘αΎαααα±αααααα ααααα¬ααα α αααα₯αααααααααα α ααααααααααααααααΎαααα’ααα α αααααα ααα
α αααα αααααααααααααααααααααααα ααααααααααααααααα αααααααααααααα αα αα’ααααααααααα α α’αααααα αααααα α’ααααα α ααα α’αααααααααααα’αααααααααααα αα ααααα ααα ααααααααααααα αααααααααα α ααααααααα α ααααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.2 α§ααααα αααααα (ααααααα)
4.2.7 αααααα α ECL (ααααααα) αααααΎααα‘αΎα αααα₯αααααα±αααααα α (ααααααα) αααααα αα α ααααααααα₯αααααα αααααααααα α ααααααααααααααα α αα αα αααααααα₯ααααααα α αααααααααααααααααα ααααααααα α αααααααααααααααααα αααααα ααααΎα§α α ααααα αααα αααααααααααααΎααααααααααα₯αααααααααααααα’ααααα ααααααααα αααααααααααααα α αααα₯ααααααααα αααααααα ααααααΎααααα₯ααααααααααα ααααα’αααααααααα αα’αααα αααααααααααΎααα‘αΎαααα±αααααα α αα αααα₯αααααααα’ααααΎαααα ααααααα PD ααααααα αααααα αααααα PD αααααααααααααααααα αα αααα ααα PD ααααααααααααααα αα ααααααααααααα αααααααααααα α αα α
ααα’ααααΎα’αααα αααααααααααααααααααααα α ααααααααααααα PDs ααααααααααααΎααααααααααα ααααααα αΎαααααααααΎαα αααααααααααα αααααΎαα ααααααααααααααα ECL α α α αααααααααα αααααααΎααα‘αΎαααα±αααααα ααα αααα₯αααααααααααααα αααααααα PD α±αααααααααα α ααααα αα α αααααααααα α αααΎα α ααααααα αα α α ααα‘ααααΎαα ααααααααααααΎ αααα₯ααααααααΎααα‘αΎαααα±αααααα αα α αααα₯αααααααααα αααααααα αααααααααααΎααααααααααααααααααα αααα β ααα αα αααΎαβ ααααααααααααααααααααα αα αααΎα αααααααααααααααααααααα±αααα ααααααααααα αααα ααα αα αααααααααα₯ααα αααααα α αααΎαααααααααααααα ααααααααααααααααααααααα₯αααααααααααααα αααααααααααααααΎ α ααα ααααααα α¬αα α αα α α ααααααΎααα‘αΎααα αααα₯αααα α αα ααααα α αααααααααααααααααααα ααααααααααααα±αααααα PD αααααααα αααααααααα§ααααα ααααααααααα PD αααααααΎααα αααααααααα§ααααα αααααα ααααα PD ααααααααα αααΎαααα α α αααα₯αααααααα αααααααααααααααααααααααα 30 ααααααααα α ααααααΎααα‘αΎααα αααα₯ααα αααααΎααα‘αΎααα αΎαααααααααααααααα αααα 2 ααααα’αααααααααααααααααααααααααΎααααααααααα ααααα ECL ααααααααα αααΎαααααααααα₯ααααααααααα ααααααααααααααααααααααααα ααααααα α ααααααααααα αααα 2 ααααα’αααα αα ααααααα ααααααααΎααααα αααα ααααα ααα αα₯αααααααααααααααααα αααα 3 ααααααααα ααα αα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.7 αααααα α ECL (ααααααα)
αααααΎααα‘αΎα αααα₯αααααα±αααααα α (ααααααα) αααααα α α₯ααααααααααααα ααααααααα ααααααααααααααααααααααααααααααααααααααααααααααααα αααααα (ααααα¬αααααααααα₯ααα)α αααααα αααΎααα‘αΎα ααα ααααααααααα α’αααα αααααααααααα α¬ααααα ααααα α αααααΎα αα α α ααααααααααααααααα ααααααααααααααααα αα αααααα αααααααααΎαααααααααααααααα α αα αααα α α’αααααααααα αα ααα αααααααααααα ααααααααααααααα αα ααααααααααααα αααααααααααα’αααααααααα αα ααααααααα ααα α αα±αααααα ααααααΎα’ααααααα ααααααααααααα αα "αααααΎα’αααααααααα αααΎααααααααα αααααα α¬α ααααα" αααααααααα αααα« ααα ααααα ααααααααααααα ECL ααααααααααα α αααα αααααα αααααΎαααααααααα ECL αααααα αααααααααααα α αααα αααααα αα ααααααα ααααααααααααα ααααααααααα α ααααααααα ααααααααααααααααα
ααααααααααααα αααααα α αααα₯ααα αααα α αααααα αααααα α αααααααααα αα ααααααααα§ααααα ααααααααααα ααα α αααααααααααααα α ααααα
ααα ααα α αααααααα α ααααααααΎ ECL α ααααα α αααα₯ααααααααα α α ααα‘αα α ααααααααα ααα αΎαααα ααααααααα αααααααΎαααααα αααααα αααααααααααααα α ααααααααααα αααααααα αα αααααα ααααααααααααα α ααααααααααα αα αααααααααααααααααααΎααα ααααααα α ααα αααααααα αααααααααααα αααααααααα αα ααααααα
4.2.8 ααααα’αααα αααααα αααααα α§ααααααααααααα αααααααααααα α αααααααααΎα ααα α αααααα’αααα ααααααα¬ααααααα αααα αααααααααα αα α αααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.8 ααααα’αααα αααααα αααααα (ααααααα)
ααααα’αααα αααααααααααααα α ααα α ααα ααααααααα α ααα α¬ααααααααα αααααααα ααααα α¬αααΎαααααααααααααα¬α’αααα αααααα αααααα α ααα ααααα αααααααααααααααα ααα α ααααααα’α ααααααααα α¬αα α αααααααα α¬ α αααααααααααααα§αααααααααα αααααααα αααα α ααααααααααααα ααααα αααααααααα¬ α αααααααα α αααααα ααα’αααααα§αααααααααα αααα α¬αα α ααααα ααααα αααΎαααααα αααααααααααα ααααααα αααα αααααααααα (ααααααααα αααααααα ααααα) αααααα§αααααααααααααα αααααααααα α§ααααααααααααααα α α ααααααααααααα α α αα αααααααααααααααααααααΎααα αα ααααααααααα§αααααααααα αααααααααααααααα
α αααααα ααα ααααααααα ααααα αααα¬αααααααααα α ααααααααααααα ααα α¬αα αααΎαααααα αααα αα¬αααααααααααΎα§αααααααααα αααααααααααααα ααααα’αααα αααααααα ααααα’αααα αααααααα ααααα₯ααα ααααα αααααααα ααααααααααααααααααααααΎαααααααααα ααααα’αααα αααααααα ααααα ααααααααααα αα αα ααααα αααααΎαα αααααααααααααααα αα ααααααααααααααα (EIR) αααα ααααααααααααα αααααα ααααα’αααα αααααα ααααααααα αα αααααααααααααααααααααααα EIR αα α’α αααααααααααα ααααααααααα αααΎ α αααααααα α αααααα’ααα α ααα ααααααααααααααα’αααα αααααα α¬αααααααααααααα αααααααααααααααααααααααα αααΎααααα α ααααα ααααααααααα’αα’α EIR αααααΎα ααααβα ααααααααααβ ααααααα α ααα αααααααΎαααααααααααααααα ααααααααα’αααα αααααα ααααααααααααααααα ααααααα αααα αααααααααα αααααα ααααα ααααααααα αα αΎαα ααααααααααΎα’α ααααααααααα ααααααααα αααα’ααααΎααααααΎαααααααααΎαααα§ααααααα ααα ααααααααααααααΎα’ααααααααααααααα αααααααα α αααααααα βα ααααααα ααβ αααααααααα ααα α¬αα ααααααα’αααα αααααααααααααααααααααααααααααααααααα’αααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.2 α§ααααα αααααα (ααααααα) 4.2.8 ααααα’αααα αααααα αααααα (ααααααα)
α αααα―ααααα’αααα ααααααααααααααααα§αααααααα’α αααααα ααααααααα α’α αααααααααΎ ααααααααααααααααα α αααααααααααααααααααααα αααααααα α ααααααααααααα ααα α¬αα ααα ααααααα αα ααααααααααααααααααααα α α ααα‘αααααααα ααα ααααααααα’αααα ααααααααααααααααααααααα ααααααααααααααααααααααα αα αΎααααααααααΎααααα αα’α αααααααα ααααα α ααααααααα α αααααααα’αααα αααααααααααααα αααα α FVTPL αααααααααααααααα αααααΎααααα αααααααααα αααα¬αααααααααααα αα αΎααααααααα α ααααααααααα ααα α¬αα ααααααααα’αααα ααααααααααααααααααααααααααααααα ααααααααααΎααααααααΎα’α ααααααα
αααααααααααααααα α αααααα’αααα αααααα ααααααααα α αααααα’αααα ααααααααααα ααααααααα ααα αααααααααααα αΎααα α α ααααααααααααααααααααααααααααα αα αα αααααααααα αααααααα αααααααααααααααααα α α ααααααα αα αααααα α αααααααααααααα αααααααααααααα α α αααααα α αααααααααα α ααααΎααααααα ααα α¬ααααααα α αααα α αααΎααααααααα ααααααααααααααααααααα ααααααααααααααααααααααΎαα αααααααααααααααααααααα’αααα ααααααααααααααααααα
αααααααΎαααααααααααα’αααα αααααα αααααααααα αααααααα αααα αααααααααααααα‘αΎαααα αααα αα’α αααααααααααα αα αΎαα αααα¬αααααααααααα ααααααααα αα ααααααααααααα ααα α¬αααααααα α αααααααα’αααα ααααααα’α α’ααα αα’α αααααααααααααααααΎα ααααααααααααΎαααΎαααααα αααα¬ααααααααααααααααΎαααααααα αααααααα αα ααα α αααα α ααααααΎααααααααα
ααααααα α αααααααααααα ααααααααααααααααααααααααααα ααααααααααααααΎ ααααα αααααα ααααα αα αΎαααααααααααααααααααα αααααΎ α’α ααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.3 αααα αααααα α
αααααααααα αααααα α αααααααα ααααααααΎαααααααααα αααααααααααΎα±ααα αααααααααααααααΎαα α αααααααααααααααα αααααα ααα αααααααΎαααααααα ααααααααααααα αααααααααα ααα ααααααα αααααα αα α αααα¬αααααααααα ααααααααααα αααααα α αααααααααα α ααααααααααααα ααα α¬ααα ααα αααααααααααΎαααααα αααααααΎααααααα αααααα α αααα ααααααααααα α αααααΎαα ααααααααααα α αααααααΎααααα α α αααααααα α ααα ααα α¬αα αααααααααααα ααα α¬αα α
αααααααΎααααα α ααααααα αααααα ααααα ααααααα α αααα αα ααααααααααα
αααααααααα’ 5 αα ααα αααα αα ααααα αααα 5 αα αααα α 5 αα αααα αααααααα 5 αα ααααα 4 β 5 αα
αα αααααα αααααααΎααα ααααααααααα ααααααααααααααα ααα αααα αα αααα αα αΎαααααααααααααααααΎααααα α αααα αααα ααα ααααααααααααααα ααα αααααα αααααα αααααααααα αα αααααααααααΎααα αα αααααααααα α α αααααααααα ααα αααα ααααααααααααααααααααααααα αααααα ααααααααα α ααα αα αα αΎα αααααααααα αααααααααααααααααααααα αααααααΎ α ααααααααααααα’αααααααα αααααα α ααααα’ααααααααααααΎααααα ααααΎα α αααα αααα ααα ααααα αααααααα α ααα ααααααααααααα ααααααααααΎααα‘αΎαα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.3 αααα αααααα α (ααααααα)
ααα αααα¬αα αααΎαααααα ααααα αααααα ααα αααααααα α αααα αααααα ααααααααααααααααα α ααα ααααααααααααα αααααα αααα ααααααα
ααα α ααα ααααα αααααα ααααα αα αααααααααααα ααα α¬ααα αααα αααααα αααααααααα’αααααααα αααααααααααααααααα αα ααααααααα ααααααααα αα α α¬ααααα α αα
4.4 ααααααααα’αα ααααααααα’αα αααααααααααααα ααααααααααα ααα αααααααα αα ααααα αααα αααααααΎαααααααααα αααααααααα α ααααααααα ααααα αααααααΎ
ααα ααααααααααα α ααα ααααααααααα ααα α¬αα ααα’α ααα α αααααααααα’α 20% ααα αα α αααααααΎααααααα α αααααααα αααααααα αααα α’α ααα α¬ αααααααΎαααααααααααααα’αα ααααααααααααααααΎαα‘αΎααα αααΎααααα αα’α ααααα α
αα αααααααααα‘αΎα ααααααααααααααα ααα αααα ααααααααα αααααααααα αα αααααααααααΎααα αα αααααααααα α α αααααααααα
4.5 ααααα αααα ααα ααα αα α ααααα ααααααα¬αα αααααα αααααΎααα α αααα ααααααα α α αααααααΎααααααΎαααααααααα ααααααα’αααααααααααααααα αα ααα α αααααα ααααααα’ααααααααα’αααα αααΎαααααααααααααααααααααααααααααα α αααααααααααα ααααααα α ααααααααααα αααα αααααααααα ααααααΎαα α αααααα ααααααααα α αααα αααααααΎααααααΎαααααααα αααααααΎααααααΎαααααααα αααααα ααααα ααααααααααααααα’ααααααααααααα ααααααααααααααΎαα‘αΎαααα¬αααααα αααααΎαααααααααΎαααααααααααΎααα ααα ααα ααααα αααα ααααααααΎα αααααααααααα±ααααααααααΎααααααα αααααααΎααααααΎαααααααα αααααααα ααααααααααα αα α ααααααααααα
ααααααααααααααααααααααααα ααααα αααα αααααΎαααααααα ααα αααααΎαααααααα αααααααΎααααααΎαααααααα αααααααα αα α α ααα‘αααααααααααα α αααα ααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.5 ααααα (ααααααα)
ααααα’αααααααα ααααα’αααααααα ααααα αααα ααααααα α αααα ααααααααααααααααααααα ααααααααααα ααα αααααΎααααααα αααααα αααααααααΎαααα’α ααααΎ αα₯ααα ααααααααααααααααααααααααΎαααα ααααααααααααααααα αα αααααααααααα αααααααα αααα αα αααΎααααααααααααααααα ααααααααααα ααααα ααααααααααΎααααααααααα αααααααααααααα α αααααααα α αααααααααααααααααα α αα ααααααααααα’αααααααααααα αα ααααααααααααα αααα ααααααααααααααααα ααααααααααααααα ααα α ααααα αααααααΎαααααααααααααααααα
ααα ααααα’αααααααααΎααααΎααααα ααα α αααααα ααααα’αααααααααααααααα α α α ααα‘αααααααααααα α αααα ααααααα ααα αααααααα’ααααααααααααα αααα α ααααααΎαααααααα αα αααααααααΎααααα’αααααααα (α αααααΎααααααααααααααααα) ααα αααααααα ααααααααα αα α α αααααααααααααα αααααα ααααΎαα ααααααααααΎααααα’αααααααα (ααααααΎαααααααα ααααααααααααααααααααααΎααααααααααα) ααααααααα
αααααααααααααααααα αααα ααααααααα ααααα’ααααααααααααα αααααααα α ααααΎαααααααααα ααα’α ααα αααααααα
αα α ααααααααααααααα αααααααααααααααααααααααα α αααααααα ααα‘α ααααααααα ααααα’ααααααααααααα ααααααα α αααααΎαααααααααα ααα’α ααα αααααααα
ααααααααααααα αααααααααααααααααααααααααααα ααααα’αααααααααΎαααααααΎααααα α ααα α ααααααααααααα α αααααααα§ααααααααααααααααα (α§αα ααα ααααααααααααααα 12αα α¬αα ααααα αααααα αααααΎα αααααααααααΎααα) α αααααα’αααα αααααΎααααααααα α αααααααααααααααααααααααα α αααααααα§αααααααααααααααααα ααααααααααααα αααααααααα αααααααααααααααααααααααααααααααααααα αααααααα α αααααα αααα’ααααΎαα α ααααααα αααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.6 α±ααααααααααααααααααα αααααα ααααααααααααααααα αααααα ααααααααααααα αααααααααααααα‘αΎααααα ααααααα αα αααααααα αααΎαααααααααΎααααα α αααααααα αα αααααααααααααααα±ααααααααα α αααααααΎααααα αααααααΎααα‘αΎα αααα α ααααΎααααααα α ααααααααααααααααααααααααααααααΎαα‘αΎαα ααααααα α αααααααααααααααααααα α¬α―α αααααΎα α ααα ααααααααααααα α ααααααααΎααα αααααααα αααα ααααΎαααααα α α αααααααααααααααααααΎααα αα αααααααααααααααααααααα’ααα αααααα’αα αα αααααΎα’α αααααααααααα ααααααααα ααα ααα α αααααααΎααααααααα αα α ααα αα ααααα α ααααααααααααααααα α ααααααααααααααααααααααααΎ α±ααααααααααααααααα ααααα αααα ααα ααααααα α αααααΎα α ααααααα αααααααααααααααΎααα α αααααααα’ααα ααααΎαα ααααααααααααααααααααααα α¬ααααααααααααααααααα ααα (βα―α αααααΎα α αααβ) α αααααααααΎα±ααααααααα αααααααα α ααααααααΎααααααααααααααααααα α¬α―α αααααΎα α αααααα αααααΎααααααααα α αααααααααα α αααααααααΎ α±ααααααααα αααααααα α ααααααααααααα ααα α¬ααα
4.7 α’ααααααααααααα α’ααααααααααααααααααααα
α’αααααααααααααααααααααααα αααααααα αα οΏ½ αααααααα οΏ½ααα αααααα αοΏ½ααααααααααααα αα αΎα α
α’αααααααααααααααααααααα αααααα α ααααααα ααααααα’ααααααααααααααααααααααααααα αααααααααα’ααααααααααααααααααααααααααααα ααααααααα αααα’α‘αααααα α αααα ααααααααααα α α’ααααααααααα αααααααααΎα’αα ααααΎααααααααααα α αααα α αα αααααα‘αΎααα αααααααα α ααααααααααα ααα α¬αα αααα’α‘ααααααααααααΎααα‘αΎα α
4.8 αααααα αααααα αααααααα α αααααααααααα α αααα αααααα αααααααααααααααααααα α ααααα αα α¬αααααα α ααααααααααα α αααα αααααααααααααααααααααααααα αα αΎαααααααα αααααααα²ααααα ααα αααα’αααααααααααααα α ααααααααααααααααα α αααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.8 αααααα (ααααααα) αααααααΎααααααααααααα ααααααααααααααααααα αααααα ααααααα αααααα ααααααααααααααααααα’ααα αα’α ααααααααααα αααααα αααααα α ααα αα α αααα ααααααααααα ααααααα αα ααααα αα ααααααααααα α
4.9 αααααα’α αααααααααααα αααααα’α αααααααααααα ααα’α αααααααα ααααααααα ααααΎαα α ααα α α αααααααα α¬αααααααααααα’ααα α αααααααααα αααααααα α¬ααααα’αααα αααααα ααααααααααααααααααααααααα ααααααα¬ααααααααααααααα α’αααα ααααααα ααααααααα’α αααααααααααα αααα αα α ααα αααΎαα α α αααα α αα α αααΎαααααααααα α ααααααα§ααααα αααααα αααααααααααααααΎαα αααα αααΎα₯αααααααααααααα ααααααααααααα αααα’ααααααα ααα αααααα αααααααα ααααααα αα ααα α ααα αααααααααα ααα’α αααααααααααα αααααααααααα ααααααααα α α¬ααααα ααααααα ααααααα αααααααααααα ααααααααααΎ α αααααααα‘αΎαα ααα αα ααααααααα αααα αα¬ααααααα αααααααααα αααααα α¬ααααα’αααα ααααααα ααααααααΎ ααααααααα αααααααααααααααΎααα‘αΎα αααααααΎα’αααααααααααα αααα αα¬ααααα αα§ααααα ααααααα
4.9.1 α ααααααα
α ααααααα αααααααα α ααααααααααααα ααα α¬αα α αααααΎαααααααααααααααααα ααααααααααααΎαααα’α αααααααααααα αααααααααααααααααααααα αααααααααΎααααααα ααααααααα ααααααααααα¬ααα α αααααα±αααα₯αααα α’α ααααα
ααααααα ααααααααααααααΎα₯ααα αααααααααααααΎααα αααααΎααααααααααΎαααααααααααα ααααααα
ααααααααα αααααααααααααα α¬ααααα ααααααα±αααα₯ααα ααααααααααααααααα ααααααααααα αααααααααααα±αααα α’α αααααααααααααααααααα ααααα α αααααααααααααΎααα αααααΎααααααααααΎαααααααααααα ααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα)
4.9 αααααα’α αααααααααααα (ααααααα) 4.9.1 α ααααααα (ααααααα)
α’α αααααααααααα ααααααααααααααΎα₯ααα αα α’α αααααααα ααααααααα ααααΎαα α ααα α α αααααααα α¬αααααααααααα’ααα α αααααααααααααααααα α¬ααααα’αααα αααααα αα ααααααααααααααα’αααα αααααα ααααααααααααα ααααααααααα¬ααα α αααααα±αααα₯αααα α αααααααααααααααα αααααΎαααααα’α αααααααααααα αααααααα ααααααααααααα ααα α¬αα ααα ααααααα αα ααααααα αααααααααΎααααααααΎααααααααα αααααααααααααα ααααα ααααααααα
4.9.2 α αααααα
α ααααααα ααααααααα αααααΎαααααα’α αααααααααααα ααααααααα’αααα αααααα ααααααα αααααααααααα α αααααα αααααααα ααααααααααααα ααα α¬αα ααα ααααααα αα ααααααα αααααααααΎααααα’αααα αααααααααααααα ααααα ααααααααα
4.10 αααα αα α αααα αα αααα αα α αααα αα αααααα α αα αα αααααααα αααααααααααα
αα α ααααααα’αααα αααααααΎα²αααααααα α ααααΎα§ααααα αααααα ααααααααα αααααααααααα ααααααααααααα α αααααααα αααααααααα CIFRS 9 ααα αααααααααα CIFRS 15α αααααααΎααααααααααα ααααααα’αααα α CIFRS 9 αααΎαααααα αα αααα αααααααα α ααα ααααααααα αααα αα CIFRS 9 ααααα ααα α’αααα α CIFRS 15 αααααΎαααααααααοΏ½
4.11 ααααααΎαααα ααα ααααααΎαααα ααα α¬αααααααααααα ααααααααααααΎαααα αααααα αα αα αααααααα ααααααΎαααα αααααα αα αααααααα α ααααααααααααα ααα α¬αα αααΎααααααααααααααα ααααααααααααα ααααααααα α ααααααααααααααααααααααα αααααα αααααα ααααααααααααααααααα α
ααααααΎαααα αααααα αα αααααααααααααα ααααααααααΎαααα ααααααααααα ααααααα αα α αααααΎα’α ααααααααα’ααα α¬ααα’αααα αααααααααα αα αααα αααααααααα αααααααΎααααααααααα ααα α ααααααα αααααααα ααα ααα αααααααααααΎααααα’ααααα α α αααα ααααα ααααααααααααα ααααααααααααααααααααααΎααααααα αααααα αααααααααααααΎ ααααααααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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4. αααααααααααααααααα (ααααααα) 4.11 ααααααΎαααα ααα (ααααααα)
ααααααααααααααααααααααααααα αααα’ααααΎααααααααααααΏααααααααα α¬ααααα ααααααααΎααα‘αΎαα αααααααααααααααααα αααααα αααααΎα’α ααααααααααααααα αα αααα α αααααααααααααααααααααααα α α αααααααα α αααααΎααααα‘αΎααααααΎαααα ααα αααααααααα’ααα ααα α ααααΎαααααααααααααααα α αααααααααααααααα αααααααααααααααααααα αα α αααΎααα‘αΎαααα’αααααααααααααααααααααααα α ααααααΎαααααα
4.12 αααααα ααααααααα ααα ααααααααααααααααααα ααα B7-017-344 αααα ααα α ααα α₯ααα αααααααααααΎα’αααααα ααααα’ααααααααα α’αα α ααααααα αααααααα ααααααααααααα’ααααααααααααα’αα α α CIFRS αααααααααα αααα ααα α¬αααααααααααααα ααααααααα (αααααα α 19)α
4.13 ααααααα ααααααααααα αααααααααααααααααα αααααααΎααααααααααααααααααα ααα α α¬α αααααααααΎαααααααα α¬ααα₯αααααααα ααααααΎααααααααααααααΎααα ααααααα αααΎααααα αααααα αααααααααα α¬αααα ααααα α αα αα αααααα αααααααΎαααα αααααααααααααααααααααααααααα α¬αααα₯αααααααα α α ααααααα α αααααααααα α¬ αααααα ααααααα αααααααααααα αα ααααααααα αααααααααα ααααααα αααααααααααααα α
5. ααααα αα αααααα α α αααααααααα
ααααααα ααααααα αααααααααααααα αα’αα α α CIFRSs ααααα ααααααααααααααΎααααα αα αααα α α αααααααα αααααααααα ααααααα ααααααα ααααααααααα ααααααα’αααα’α‘ααααααααααα ααα αααααα ααα αααααααααααα αααα αα αααα αααα αα ααα α αααααααααααα ααα αααααααααα αα αααααααα αααααα α α ααααααααααΎαααααααααΎαααααααααααααα α
ααααα αα αααα α α αααααααα αααααααα ααααα ααααααΎαααα αα ααα ααα ααααα ααααα ααααααααααααααα’αααααααααα ααααααααΏααα ααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
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5. ααααα αα αααααα α α αααααααααα (ααααααα)
5.1 ααααα αα α αα ααα ααααααααα ααα α ααααααααααα αα αααααααααααααααααααΎαααα α α (αααααα α 5.2) ααααααααααααααααααΎααααααααααααααααααααααα αααααααααααααααα ααααααΎα ααααααααααααααα α ααααααααααα ααααααα (i) αααααΎααα‘αΎαααα αααααααα αααα₯ααα
αα ααααααααααααααα αααα 4 ECL αα αααα α ααααααααααααΎααECL 12αα ααααααααααααα αααα 1 α¬ ECLαααααααα α ααααααααααααα αααα 2 α¬α αααα 3α ααααααααααααα αααα 2 αααααααα αααα₯ααα αααααααΎααα‘αΎααααα α ααααααα α ααααα CIFRS 9 ααααααααααααΎαααα αααααααΎα²ααααααααΎααα‘αΎααα αα ααα αα ααααα ααααααααΎ αααα₯ααααααααααααααααααΎααα‘αΎαααα±αααααα αααα ααααααααααααααα αααα ααααααααα α αααΎαααααααα
(ii) αα ααααααα ααααα α ααα α αα αα ααααααααααααααα αααααα ααααααΎααααααα SPPI ααααααααΎαααααα αααααα ααααααααα αααααααααααααααααααααα αααααααααααααααααααααααα αααααααααααααααααααααα αααΎααααααα αααααααα ααααα αα αα αα ααααααααααααα ααααααααααααααααααααααααααα αααα αααααα ααααααααααααααα’αααααααααααα ααααααααααααααααα ααααααααααα’ααααααααααααααααααααααααααα
αααααααααααααααααααα ααααααααααα ααααα αα αααα α¬ααααααααα αααααααα αααααααααα αααααααααααααααααα α αααααααα αααΎααααααααααα αααααααααααα αααααααα α αααααααααααααααααααααααααααααα ααα ααααααααααααα αααααα¬αα α ααααααααα αααααααααααα ααααααααααααααα α αααααα αααααααααααααααααααααα ααααααααααααααααααααααααααααααααααα αα ααααααααα₯ααααααααα’αααααααααααααααααααααααααααααααααααα ααααααααααα’ααααααααααααααααααααααααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
59
5. ααααα αα αααα α α αααααααααα (ααααααα)
5.1 ααααα αα (ααααααα) (iii) αααααααΎαααααααααααααααααααααααα αααα₯ααααααααααα
αααααααα ECLs ααααα ααααααα α αααα ααα§ααααα ααααααααααα αααααααα’ααααΎααααα αααααα αααααα α 3 αααααα αααα’αα’ααααααααααααα α αααααααααα αααααα ααααααααααα αααΎααααααα α’αα ααααααα αααα₯ααα ααα α α αααααααααααα α αααααααΎααααααααααααα ααααα ααααααααααααααα α αααααααααααααααΎααααααααααααααα ααααααααα αααααα₯ααα ααααααααα ααα‘αΎααααααααααααααααααα ααα α α α αα±αααααααααααααααααααααΎααα‘αΎα α¬αααααααααααααα αααααα αααααααααααα α α αααααα αα±ααααααααααΎααα‘αΎα ααααααα αααα₯ααααααααααα ααααααααααααααααα ααααααα αααααα αααααα ααααααααα αααααααα αααααΏαααα ααααααααααααΎααα‘αΎααα ααα αααα₯ααα (α¬αααααααααααααΎααα‘αΎααα αααα ααααααα αα ααααα ) αα αΎαααα αααααααααααα ααααα 12 αααα ECL αααααααα α¬ααααααα ααααα α αααΎααα‘αΎαααααααααααα αααΎααααα αααααααΎαα α ααα αα αα12 αα α¬ECL ααα
ααααα ααααα αα ECL αααααα ααααααααα αααα₯ααααααααααααα ααααααααα α
(iv) αα αααααααααααααααααΎ ααααααααΎαα αααααααααα αααα ααααα ααααααααααααααααααααα ααααααααα αααααααα α α ECL α ααααα αααααααα’ααααααααααααααααααααααααααααααααααααααα ααα αααααααααααααααααααααααΎαααααααααααα αααααααααααααααααααα α ααα αα αααα₯αααα
5.2 αααα α α
ααααααααααααααααα’ααααααααααααααα ααααααααααα α α αααΎααααα αα α αααααααα αααααααααα ααααα αααααα±αααααα α αααααααααΎα²ααααααααα αααααααΎ αααααααααααααααααααααα’αααααααα α ααααααααα αααααααααααα ααααααα ααααααα’ααααΎαααααααααααα α ααααααααααΎα αααααααααα α ααααααααα ααααααα ααααααα ααααααααααΎααα‘αΎα ααααααααα’αααααααααααα’αααα ααααα αααααααΎαααααααααα α α αα α ααααα αα¬ααααααα αααααΎαααααααααααααααααα ααααααααααααα αααααααα αααααααα α ααααααααααααΎααα‘αΎαα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
60
5. ααααα αα αααα α α αααααααααα (ααααααα)
5.2 αααα α α (ααααααα) (i) ααα
αααααααααααααα’ααααΎαα α αααα αααααααααααααααααα α ααααααα α αα α ααααα αααααα ααααααααααααααα α αααααααααα αα’α‘αααα αα αα αΎαααααααα α αααααααααα αααα αααααααααΎαα‘αΎαααα αααααααααααααα αα’ααααα α αααα α (βGDTβ)α αααααααααααααααααααααααααααααααααααα ααααααα α GDTα α α αααα’ααααα αααααααααααααααα ααααααααααααααα αΎαααααα ααααααααααα αααααα ααααααααα αααααααααααααααα αααααα α ααααααα ααααααααααααα ααααααα α αααααα α GDT α
(ii) ααααααα αα αααα αααα αααααααΎαααααααααα’αααααααα ααααααααααααααα¬αα ααααα αααααααααααααα αααααααααααααααααααααα ααααα αααα ECL ααααααααΎαααααααααα ααααα α ααααα ααααα α ααα αααα αααααα’ααααΎαααααα αααΎαααααααααααΎα α αααααα α αα ααααααα’ααα ααααααΎα α αααααααααα₯αααααααΎαα αααα αααα α αααααα α 3 αα αααααααααααα’ααααααααααα’ααααα α ααααΎααααααα ααααα α
(iii) αααααααααΎα₯ααααα (PD) PD ααααααααααααααα αααα ECL α PD αααααααααααααααααααααΎαααααααααα’α‘αααααααααα ααααααααααααααα αααααααααααα ααααααα αααααα ααααααααααααααααα ααααα’αααα αααααα α 3 αααααααααααααα’αααααααααααααααα αααααα’αααααααααααα ECL ααααα ααααααααααααααα αααα PD αααα α αααααααα ααααααα α αααααα α α
(iv) αααααααααΎα₯ααααα (LGD) LGD αααααα α ααααααΎαααααααααα₯ααααα α ααα’ααααΎαααααα α α αα α α ααααααααααα ααα α ααα αα α αααααααα αααααααααααααα αααααααααααααα ααααα α α αααααααααααααα ααα§ααααααααα₯ααααααα αααααα α 3 αααααααααααααα’αααααααααααααα αααααα’αααααααααααα ECL ααααα ααααααα αααααααα αααα LGD ααα α α αααααααα ααααααα α αααααα α αοΏ½
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
61
6. α αααααααα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα(ααα
ααα α 2.3)
(αααααα α 2.3)
α α α αααα 18,691 76,166 343,319 1,379,456
αααααααοΏ½ 10 41 188 755
18,701 76,207 343,507 1,380,211
αααααααααααααααααααα α α ααα α αααααααααα α ααααααα αααα αα
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018 α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
α αααααααα 18,701 76,207 343,507 1,380,211
ααααααααααααααααααα 122,502 499,196 100,517 403,877
αααααααααααααα 1,079,294 4,398,123 284,169 1,141,791
1,220,497 4,973,526 728,193 2,925,879
7. αααααααααααααααααααοΏ½
ααααααααα α αα²ααααα ααα αααααααααααααα αα α α αααααοΏ½
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
62
8. αααααααααααααα - ααα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα(αααααα α
2.3)
(αααααα α 2.3)
(αα αααααα‘αΎααα-αααααα α 3)
αααααα α α’ααααΎαααααα αααααΎαα ααα αα’ααα α ααααα 220,245 897,498 279,948 1,124,831
αααα αααααα (αααα) αα’αα αααααα 881 3,590 937 3,765
αααα αα’αα αα’αα 51,207 208,669 - -
αααα α αα αα’αα 806,961 3,288,366 3,284 13,195
1,079,294 4,398,123 284,169 1,141,791
αα ECLαααΎααααααααααα ααα (18,472) (75,273) (202) (812)
1,060,822 4,322,850 283,967 1,140,979
αααααααααααααααα ααα ααααααααααα α α ααααααααααααα’α αααααα αα 0% αα 0.2% α
9. α₯ααα ααααααααα - ααα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018 α α α αααα αααααααααα α α α αααα αααααααααα (αααααα α
2.3)(αααααα α
2.3) (αα αααααα‘αΎααα-ααα
ααα α 3)α₯αααα’ααααααΎααα
α₯αααααα α α 68,379,140 278,644,996 21,049,014 84,574,938
α₯αααααααααα 2,421,771 9,868,716 447,763 1,799,111
αααα₯ααα ααααααααα - αα 70,800,911 288,513,712 21,496,777 86,374,049
ααααααααΎ ααααααα₯ααα αααααα (434,260) (1,769,610) (213,571) (858,128)
ααααααα 70,366,651 286,744,102 21,283,206 85,515,921
αααααααααααααααα α₯ααααααααααα (7,970) (32,477) (796) (3,198)
αααα₯ααα ααααααααα - ααα 70,358,681 286,711,625 21,282,410 85,512,723
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
63
9. α₯ααα ααααααααα - ααα (ααααααα) ααααααααααααααααα₯ααααααααααααααΎα₯ααα αααααααααα
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
α αααα 1οΏ½ 7,970 32,477 796 3,198 α αααα 2 - - - -α αααα 3 - - - -
ααα 7,970 32,477 796 3,198
ααααααααααααα₯ααα αααααααααααα’αααααααα ααααααα (i) α ααα ααααα₯ααα αα
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
α αααα 1 70,800,911 288,513,712 21,496,777 86,374,049 α αααα 2 - - - -α αααα 3 - - - -
ααα 70,800,911 288,513,712 21,496,777 86,374,049
(ii) αα αα αααααα α 28.2 ααααααααΎ αααα₯ααααααααα₯αααα
(iii) αα αα αααααα α 28.2 ααααα α ααααα ααααα ααααα αααααα ααααααα α αα α α αααααα αααα αααα
(iv) ααα αα’α ααααα (ααα αα )α 2019 2018
α’α αααααααα αα 7.5%-9% 8%-9%
10. ααααααα αα αα
ααα αααααααα α7-01-136 αα.α α ααααα15 ααα αα 2001 ααααααααα αααααααααααααΎαααΎααα ααααΎαα 10% αααααΎαααα αααα ααα―αααααααααααα α
ααααααααΎααα αααααααααααΎαααααααααααααααααα αααααααααααα αα αΎα α αααααααα αααααααααααα ααααααααα ααααα αααααααα α α αααααα α ααααααα αα αα αααααααααααααα’α α ααα αα 0.54% αα 0.72% ααααααα (2018α α ααα αα 0.46% αα 0.62% ααααααα )α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
64
11. αααααααααα αα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα (αααααα α
2.3)
(αααααα α 2.3)
( ααα αααα ααα‘αΎααα -αααααα α 3)
ααααα 19,800 80,685 15,300 61,475 α ααααα - - 4,478 17,993 αααααααααα αα 2,345 9,555 7,557 30,364
22,145 90,240 27,335 109,832
12. αα αααα
αα ααααααααα αα αααααααααα‘αΎα ααα
α α α αααα α α α αααα α α α αααα
2019
αααααααΎα
ααααα1 αα αα αα 2019 430,971 - 430,971 ααααααααα 53,945 165,137 219,082
ααααα 31 αα αα αα 2019 484,916 165,137 650,053 ααααααα ααααα 1 αα αα αα 2019 200,823 - 200,823 ααααααααααααα αα 91,422 - 91,422
ααααα 31 αα αα αα 2019 292,245 - 292,245 ααααααααααααα
ααααα 31 αα αα αα 2019 192,671 165,137 357,808
αααααααααα (αααααα α 2.3) 785,134 672,934 1,458,068
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
65
12. αα αααα (ααααααα)
ααααααα αααα αα αααααααααα‘αΎα ααα
α α α αααα α α α αααα α α α αααα
2018
αααααααΎα
ααααα 1 αα αα αα 2018 421,558 - 421,558 ααααααααα 9,413 - 9,413
ααααα 31 αα αα αα 2018 430,971 - 430,971 ααααααα ααααα 1 αα αα αα 2018 114,842 - 114,842 ααααααααααααα αα 85,981 - 85,981
ααααα 31 αα αα αα 2018 200,823 - 200,823 ααααααααααααα
ααααα 31 αα αα αα 2018 230,148 - 230,148
αααααααααα (αααααα α 2.3) 924,735 - 924,735
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
66
13. αααα αααααα α
αααααααα
αα’
ααα αααα αααα
ααα αααα αααα α αααα αααααααα ααααα ααα
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
2019
αααααααΎα
ααααα1 αααα αα 2019 811,626 49,067 173,555 43,884 216,571 1,294,703 ααααααααα 5,169 - 19,650 16,149 - 40,968 αααααα α - - (4,450) - - (4,450)
ααααα31 αααα αα 2019 816,795 49,067 188,755 60,033 216,571 1,331,221 ααααααα ααααα1 αααα αα 2019 384,616 26,283 82,630 22,157 101,024 616,710 ααααααααααααα αα 162,841 9,564 35,477 10,057 43,296 261,235 αααααα α - - (2,886) - - (2,886)
ααααα31 αααα αα 2019 547,457 35,847 115,221 32,214 144,320 875,059
ααααααααααααα
ααααα31 αααα αα 2019 269,338 13,220 73,534 27,819 72,251 456,162
αααααααααα (αααααα α 2.3) 1,097,552 53,872 299,651 113,362 294,423 1,858,860
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
67
13. αααα αααααα α (ααααααα)
αααααααααα’
ααα αααα αααα
ααα αααα αααα α αααα αααααααα ααααα ααα
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
2018
αααααααΎα
ααααα1 αααα αα 2018 811,626 49,067 170,661 42,134 216,571 1,290,059 ααααααααα - - 7,180 1,750 - 8,930 αααααα α - - (4,286) - - (4,286)
ααααα31 αααα αα 2018 811,626 49,067 173,555 43,884 216,571 1,294,703
ααααααα ααααα1 αααα αα 2018 222,176 16,719 50,269 13,603 57,728 360,495 ααααααααααααα αα 162,440 9,564 34,207 8,554 43,296 258,061 αααααα α - - (1,846) - - (1,846)
ααααα31 αααα αα 2018 384,616 26,283 82,630 22,157 101,024 616,710
ααααααααααααα
ααααα31 αααα αα 2018 427,010 22,784 90,925 21,727 115,547 677,993
αααααααααα (αααααα α 2.3) 1,715,726 91,546 365,337 87,299 464,268 2,724,176
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
68
14. ααααα
αααααααΎαααααααααααα αααα ααα ααα α αααααα αααααα ααααααα ααααααα αααΎααααααΎααααααΎαααααααααααααα αααααααααα 6αα α αααααααααααα α αααΎαααααααα αααααααα αααα ααααααααααα ααααααααααααα
ααααααααααα αααα αα 2 αααααααααααα αααΎαα 12 αα ααααα αααααα αααα ααααααααααααααααα ααα αα ααααααα’αααα αααααΎααααααα α αααααα ααααααααααααααααααα αααααααααα αααααα α ααααα αααΎαααααααααααααα αααααααα
α ααααααααααα ααααααααααα αα (αααααα α 23) α
ααα ααααααα ααααααααααα αααααααΎααααααααααα αααααααα α α αααααααααααααααααααααα ααα
2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
( ααα αααα ααα‘αΎααα -
αααααα α 3)αααααααΎα
ααααα 1 αα αα 593,554 2,384,900 593,554 2,396,177 αααα’ ααααααααααααααααα - 33,833 - (11,277)
ααααα 31 αα αα 593,554 2,418,733 593,554 2,384,900
ααααααα ααααα 1 αα αα 280,290 1,126,205 181,364 732,166 ααααααααααααα αα 98,926 400,848 98,926 400,156 αααα’ ααααααααααααααααα - 18,253 - (6,117)
ααααα 31 αα αα 379,216 1,545,306 280,290 1,126,205 214,338 873,427 313,264 1,258,695
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
69
14. ααααα (ααααααα) ααααα’αααααααα
2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
( ααα αααα ααα‘αΎααα -αααααα α 3)
ααααα 1 αα αα 352,231 1,415,264 452,386 1,826,283 ααααααααα 14,721 59,648 19,845 80,272
α αααααα (120,000) (486,240) (120,000) (485,400)αααα’ ααααααααααααα - 17,657 - (5,891)
ααααα 31 αα αα 246,952 1,006,329 352,231 1,415,264
ααααα ααα ααα’α ααα
ααααα ααα 110,666 450,964 105,279 423,011 ααααα’α ααα 136,286 555,365 246,952 992,253 246,952 1,006,329 352,231 1,415,264
αααααααααα ααα ααα αααα α ααααααααααα ααα α¬ααα
2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
( ααα αααα ααα‘αΎααα -
αααααα α 3)
α αααααααΎαααααααΎααααααααααα 98,926 400,848
98,926 400,156 α ααααΎααααααααααα
(αααααα α 23) 3,786 15,341 3,655 14,785ααααααααΎααααα’αααααααα
(αααααα α 23) 14,721 59,649
19,845 80,273
α ααααααααα 117,433 475,838 122,426 495,214
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
70
15. ααααααΎαααα ααα (i) αααααααααΎαααα ααα
2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
ααααα1 αααα 47,705 191,679 2,284 9,221ααααααΎαααα ααα 621,526 2,518,423 64,760 261,954
ααααααΎαααα αααααααααα (87,164) (353,189) (19,339) (78,226)
αααα’ ααααααααααααααααα - 15,010 - (1,270)
ααααα 31 αα αα 582,067 2,371,923 47,705 191,679
(ii) α αααααααΎαααα ααα ααααααααααα ααααααα
ααα ααααα 31 αα αα αα 2019ααααααααααα αααααααααα α
αααα 31 αα αα αα 2018α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
(αα αααααα‘αΎααα-ααα
ααα α 3)
ααααααΎαααα ααα 621,526 2,518,423 64,760 261,954 ααααααα (114,000) (461,928) - -
α αααααααΎαααα ααα 507,526 2,056,495 64,760 261,954
α’αα ααα αα αα ααααΎαααααααα α α αααααα αααααααααααα α ααααααααΎααα α αααα αααα αα’α 20% αααααα αααααααααααααααΎ αααααααααα’ααααα αααααα αα’α 1% αααααα ααααα α αααα αααααααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
71
15. ααααααΎαααα ααα (ααααααα)
(ii) α αααααααΎαααα ααα (ααααααα) ααααα ααα αααααααΎαααα ααα αααααααα αα’α ααα20%ααααααααααα αααααααΎ αααα ααααααααα ααααααααααα ααα α¬αα αααα ααααααα
ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
ααααααααααα αααααααααα ααααα 31 αα αα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
(αα αααααα‘αΎααα-ααα
ααα α 3)
αααα αααααααααα 2,750,607 11,145,461 102,686 415,364
ααααααΎαααα αααααα’α α
α’α ααααααααα 20% 550,121 2,229,090 20,537 83,073α ααα α αααααα 6,403 25,945 21,164 85,608ααααα ααα α αααααα - - (4,600) (18,607)ααααααααααααααααα
α αααα αα (48,998) (198,540) 27,659 111,880
α αααααααΎαααα ααα 507,526 2,056,495 64,760 261,954
(iii) αααααααααααΎααααααα αααααα αα α α ααα αααααααα α ααααααααααα αα ααααααα²ααααααααααααααααααα αααα ααααααα
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3) (αααααα α 2.3)
αααααααααααααααα ααααα α CIFRS 16 6,523 26,581 - - ECL α CIFRS 9 5,288 21,549 - - ααααααααααα’αααα
ααααααααααα 6,381 26,003 - - ααααααααΎ αααααα₯ααα
ααααααααα 86,852 353,922 - - αα αα 11,083 45,163 - -ααααααααααααα’ααα
αααα αααααα α (2,127) (8,668) - -
αααααααααααΎααααααα - ααα 114,000 464,550 - -
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
72
16 ααααα αα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
(αα αααααα‘αΎααα-ααα
ααα α 3)
α ααααα 133,537 544,163 155,196 623,578 αααααααααΎα’αααααααα 31,902 130,001 54,020 217,052 αααααααα αααααα 11,026 44,931 6,694 26,896 αααααααααΎαα ααα α
ααααα - - 13 52 αααααααααααα 1,970 8,028 8,350 33,550 ααααα αα 15,889 64,748 366,197 1,471,380
194,324 791,871 590,470 2,372,508
αααααααααΎαααα’αααααααα αααααααααΎαα‘αΎαααα αααααααα 443 αα αα ααααααααα ααααα αα α αααα ααα αααααα21 ααααα αα 2018 α αααααα ααααααα αααααααααα αααα αααααααα 042/19 α ααααα 22 αα αα αα 2019 αααααααα²ααααααααα’α (ααααααα αααα αααααααααΎα) αααααααααα’αααααααααααααααααααα ααααααα
β’ α ααααααΎαα 3 ααα ααααααααΎαααααααααα α β’ α ααααααΎαα 3 ααα ααααααααΎααααααααα α
ααααααα’αααααααα ααααααααΎααα ααα’ααααααααΎαα 6 ααααααα ααααα ααααααααααααααααααααααα‘αΎαα ααααααααααααααααααααααα’ααααααααααααααααααααααααααααα αααααααΎααααααα αααααααα α
αααααααααααααααααααΎααααααα’αααααααα αααα ααααααα 2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα (αααααα α
2.3) (αααααα α
2.3)ααααα 1 αα αα 54,020 217,052 - -(ααααα αααα α) ααα α αααα ααααααα ααα α¬αα (22,118) (89,622) 54,020 218,511 αααα’ ααααααααααααααααα - 2,571 - (1,459)
ααααα 31 αα αα 31,902 130,001 54,020 217,052
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
73
17. αααααα
αααααα7 αααα αα αα 2016 ααααααα ααα α ααααα ααααααααααα α αα α αα αααα αααααααααααααα αα 15 αα α α αααα αα αΎαααα’α ααααα 5.00% ααααααα α αααααα ααα αααααααα 5 αα ααα αααααααααααααααα αααΎαααα α αααααα αααααααααααααααααα’α αααααα3 αααα αα 2019α
18. αααΎααα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα (αααααα α
2.3) (αααααα α
2.3) αααΎααααααααα αααα αααα α αα ααααααααααααααα ααααα αααααα 15,000 α α α αααα 77,490,000 309,960,000 15,000,000 60,000,000
αααααα26 ααααα αα 2019 ααααααααα αα αααααααααααα ααααααααααααα αααααααααΎααααΎαααα 15,000,000 α α α αααα αα 77,490,000 α α α ααααα ααααααΎαα αααααα―α
ααααα αα αααααα αααα α αααααααααα ααααα ααα αα ααααααααα ααααααα αααααααααααα13 αααααα αα 2020 α ααααααα’αα’αααααααααα ααααα αααααα α
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
%
αααα
α αα
ααααα α
αααααα
α α α αααα
%
αααα
α αα
ααααα α
αααααα
α α α αααα
α α αα αααα 94.19% 4,866 72,990,000 70% 700 10,500,000α α α αα’ααα α 5.81% 300 4,500,000 30% 300 4,500,000
100% 5,166 77,490,000 100% 1,000 15,000,000
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
74
19. αααααα ααααααααα αααααα αααααααααααααααααααΎααα‘αΎα α ααααααα α α αααααα α ECL ααααααα α CIFRS αααααααα ααααααααααααααα ααα B7-017-344 α ααααα 1 αααα αα 2017 ααααααααααααααα αα α αααα ααα B7-018-001 α.α.α .α α ααααα16 αααααα αα 2018 αααααα’αααααααααααα ααα α αααα₯ααα αααααααααααΎα’ααααααα ααα αααααααα 73 ααααααααα ααα α ααααααα αααααα α ααααααααααααα αααααααααααα 49 αα 71 αααααααααααα ααααααααα ααα ααααα 72 αα αΎααααααα αα ααααααα (i) αααααααααααααααααααααα ααααααααα αααααααααααααααααααα α
CIFRS 9 ααα α ααααααα αααααα αααααα α CIFRS 9 α (ii) αααααααααααααααααααααα ααααααααα ααααααααααααααααααααα α
CIFRS 9 ααα α ααααααα αααααααααααα α CIFRSs αα αΎααααααααα αααααα αααααααα ααααα ααα¬αααααααααααααα αααααα ααααααααα αααααααααααα αααααααααααααα α αααα αααααααοΏ½
ααααααααααααα ααααααααα ααααα αα ααααα ααααα α αα αααααα ααααΎα ααα α
α₯αααα 5 αα α αα ααααΎααααααααα αααα α α αααα’α αα ααα αα₯ααααα αα
ααααα
α ααα α α ααααααααα αααααααα α’α αααααα
ααα α α αα α αα 14 ααα (α₯ααααααααααα)
α αα α αα 29 ααα (α₯αααααααααααα) 1%
αα αααΎα α αα 15 αα 3α ααα (α₯ααααααααααα)
α αα 3α αα 89 ααα (α₯αααααααααααα) 3%
ααααααα α α αα 31 αα 6α ααα (α₯ααααααααααα)
α αα 9α αα 179 ααα (α₯αααααααααααα) 20%
αα α α αα 61 αα 9α ααα (α₯ααααααααααα)
α αα 18α αα 359 ααα (α₯αααααααααααα) 50%
αααα αααΎαα 91 ααα (α₯ααααααααααα)
αααΎαα 36α ααα (α₯αααααααααααα) 100%
αααααααααααΎαααααα ααααααααααααα αααααααοΏ½ 2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα (αααααα α
2.3) (αααααα α
2.3)
αααααααααα1 αααα 221,850 895,644 223,730 903,198 ααααααααα (ααα) αααααα ααααααααα 480,304 1,957,239 (1,880) (7,554)
αααααααααα31 αααα 702,154 2,852,883 221,850 895,644
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
75
20. α αααααααα
ααααααααααα αααααααααα α
αααα 31 αα αα αα 2019ααααααααααα αααααααααα α
αααα 31 αα αα αα 2018α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
(αα αααα ααα‘αΎααα- ααα
ααα α 3)
α αααααααα
α₯ααα ααααααααα 4,415,457 17,891,432 2,047,223 8,281,017 ααααααααΎ ααααααααααα
ααααααα 22,363 90,615 4,146 16,771
4,437,820 17,982,047 2,051,369 8,297,788
α ααααααα ααα 106,056 429,739 469,041 1,897,271 ααααα’αααααααα 14,721 59,649 19,845 80,273
120,777 489,388 488,886 1,977,544
α αααααααα - ααα 4,317,043 17,492,659 1,562,483 6,320,244
21. α αααααααααααα αα
ααααααααααα αααααααααα α
αααα 31 αα αα αα 2019ααααααααααα αααααααααα α
αααα 31 αα αα αα 2018α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
(αα αααα ααα‘αΎααα- ααα
ααα α 3)
α αααααααααααααα ααα 28,162 114,112 396 1,602 α αααααααααα 22,617 91,644 9,256 37,440 α αααα αα 635 2,574 - -
51,414 208,330 9,652 39,042
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
76
22. α ααααΎααααα
ααααααααααα αααααααααα α
αααα 31 αα αα αα 2019ααααααααααα αααααααααα α
αααα 31 αα αα αα 2018α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
αααααααα α 643,135 2,605,983 543,585 2,198,801 α’ααααααααααααααα αα 182,324 738,777 220,821 893,221
825,459 3,344,760 764,406 3,092,022
23. α ααααααααααα αα
ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
ααααααααααα αααααααααα ααααα 31 αα αα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
(αα αααα ααα‘αΎααα-
αααααα α 3)
ααααααα ααα 54,507 220,862 33,908 137,158 αα ααα αααααααα 54,306 220,048 24,380 98,617
ααααααααα αα 44,288 179,455 97,695 395,176 αααααα ααααααα’ 39,631 160,585 33,807 136,749 ααααα ααα αααα 33,891 137,326 338 1,367 ααααααΎα 15,256 61,817 14,602 59,065 ααααα 15,083 61,116 15,576 63,005
α αααααα αα 13,850 56,120 7,092 28,687 ααααααααααΎααααΎ α 10,814 43,818 11,628 47,035 ααααααααααα ααααααα 9,341 37,850 2,047 8,280 αααααααα 6,966 28,226 6,889 27,866 αα ααα 4,478 18,145 4,823 19,509 αααααααααααααααααα 3,786 15,341 3,655 14,785ααα ααα αααααααα 726 2,942 424 1,715 α ααα αα 8,456 34,265 7,598 30,735 315,379 1,277,916 264,462 1,069,749
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
77
24. αααααααααα (ααα αααα ααα) ααααααα₯ααααααααααα
ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
ααααααααααα αααααααααα ααααα 31 αα αα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3)
(αααααα α 2.3)
(αα αααααα‘αΎααα-αααααα α 3)
αααααααααααααα 18,269 74,026 (75) (303) α₯ααα αααααααααααα’αααα 7,173 29,065 (2,200) (8,899) ααααααΎα₯ααα (13) (53) (112) (453)
25,429 103,038 (2,387) (9,655)
25. ααααα αααααααααααααααααααα 25.1 αααααααααα αααα α
αααα31 αααα αα 2019 αααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα (αααααα α
2.3) (αααααα α
2.3)
αααααα (αααααα α 17) - - (8,300,000) (33,349,400)
25.2 ααααααααααααααααα αααα α
2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
α ααααΎααααα αα αα 120,000 486,240 120,000 485,400 α αααααα 106,056 429,738 469,041 1,897,271 αααααα ααααα - - 4,800,000 19,416,000 αααααα ααααα 8,300,000 33,822,500 5,300,000 21,438,500
25.3 αααααααααααααα ααααααααααα
2019 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
αααααααα α ααα’αααααααααα αα (*) 563,079 2,281,596 457,988 1,852,561
(*) ααααα31 αααα αα 2019 ααααααααααα’ααααααααααααα αα 7 αα (2018α 5 αα)
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
78
26. αα α ααα αααααα
26.1 αα α αααα₯ααα ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α
2.3)
(αααααα α
2.3)
ααααααααααα αααααααααααααααα α - - 500,375 2,010,507
26.2 αααααααΎααα α ααααααααα αααααααααααααααααα αααααααα αΎα αααααα αααααΎα ααααα ααα ααααα αα ααααα αα/α¬ ααααααα ααααα α α αα ααααα α ααα α ααα α ααα α ααααααααα αααααΎαα’αααα α αα αααα αα ααααααααααααααααα αα ααααααα αααα αααα ααα ααααααααααα α ααα ααααα α αααααΎαα²ααα
αααααααααααααα α α ααααααααααααααααααααααααααααααα α ααααααααααααΏαααααααααΎαααααααααααααααααααα αααα’ααααΎααααα α αααααααααα α ααααα αα ααααααααα α αααααααα ααααα αα αΎααα αααα α αααααα α α
27. ααααα ααααααααααα ααααααα’ααα αααααααααααα αα ααααααααΎαααααααα ααααααα’ααα ααααααααααααα
αααΎαααααααααααΎαααααααα α«ααααααααΎααααα’ααα ααααααααααα 1αα α«αααΎαα 1αα ααααααααα αααααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
79
27. ααααα ααααααααααα ααααααα’ααα (ααααααα) ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
ααααααααααααα αααΎαααααα ααα ααααααααααααα αααΎαααααα ααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
ααααααααα ααααααα αααααααα 18,701 - 18,701 343,507 - 343,507
ααααααααααααααααααα 122,502 - 122,502 100,517 - 100,517 αααααααααααααααα 1,060,822 - 1,060,822 283,967 - 283,967 α₯ααα αααααααααααα’αααα - αα 1,700,207 69,100,704 70,800,911 1,639,894 19,856,883 21,496,777 ααααααααΎ ααααααα₯ααααααααα (434,260) - (434,260) (213,571) - (213,571) αααααααααα αα 22,145 - 22,145 22,857 - 22,857
2,490,117 69,100,704 71,590,821 2,177,171 19,856,883 22,034,054
αααααααααααααα αααααα ααααααα αα αα - 7,750,000 7,750,000 - 750,000 750,000 αααα αααααα α - 1,331,221 1,331,221 - 1,294,703 1,294,703 ααααααΎααααααΎααααααααααα - 593,554 593,554 - 593,554 593,554 αα αααα - 650,053 650,053 - 430,971 430,971 αααααααααααΎααααααα - 114,000 114,000 - - - αααααααααα αα - - - 4,478 - 4,478
- 10,438,828 10,438,828 4,478 3,069,228 3,073,706 2,490,117 79,539,532 82,029,649 2,181,649 22,926,111 25,107,760
ααα αααααααααΎααααααα₯ααα (7,970) (796)
ααααααααααΎαααααααααααααα αααααα (1,546,520) (1,097,823)
ααααααααααα 80,475,159 24,009,141
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
80
27. ααααα ααααααααααα ααααααα’ααα (ααααααα)
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018 ααααααααααααα αααΎαααααα ααααααααααααα αααΎαααααα ααααααααααααα αααΎαααααα
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
ααααα’αααα αααααα ααα - - - - 8,300,000 8,300,000 ααααα’αααααααα 110,666 136,286 246,952 105,279 246,952 352,231 ααααα’ααααα αα 181,328 - 181,328 575,426 - 575,426
291,994 136,286 428,280 680,705 8,546,952 9,227,657
ααααα’ααααααααα αααααα ααααα’ααααα αα 12,996 - 12,996 15,044 - 15,044 α αααααααΎαααα ααα 582,067 - 582,067 47,705 - 47,705
595,063 - 595,063 62,749 - 62,749
ααααα’αααααα 887,057 136,286 1,023,343 743,454 8,546,952 9,290,406
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
81
28. αααααααα αααα αααααα
αααααααααααα ααααααΎα§ααααα αααααααα ααααααα ααααααααααα αααα₯ααα ααααα α ααα α αααααααα
αααααα ααααααα αα’ααααα α ααα ααααααα αααααααααααααααα αααααααα ααααααααααααααααααααααααα αααα αααα αααααααα ααα αααααααααααααΎαααααααααααααααα
αααααααααα ααααααα ααααααα’ααααα α ααααααααααααα αααααααα αααα ααααααααααα αααα₯ααα ααααα α (αααα ααααααααα αααα’α ααααα αα ααααααα) αα ααα α ααααααααα αααααααα αααααα α ααααααα αααααα αααααα αα αΎα ααααααααααααααααααααααααα α αααααααααααααΎααααααα
ααααααααααΎα§ααααα αααααααα αα αα ααα α αααααααααααααα αααααα ααααα’αααααα αααΎαααααααα ααααααααααα‘αΎαα
ααααααα ααααααααααααααααααααα ααα αααααααα ααααααααααααααααααααααααα ααααααααα ααααααααα α αα αααααααααααααα ααααααα’ααααααα’ αα’ααααααααΎαααααααα αααα αααααα ααααααααααΎαααα αααααα₯ααααααΎαααααααΎαααα ααααααα α ααα α ααα ααααααααααα ααααααααααααααααα α ααααααα αααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
82
28. αααααααα αααα αααααα (ααααααα)
28.1 ααααααααααα ααααααααααα αα ααααααααααααα α α¬αααααααααααΎααααα‘αΎααααααα
αα α¬ α ααααααααΎ αααααααα ααα α αααα αααα α αα αααααα αααααΎααα‘αΎααα α αααααααα αααααα ααααααααα αααα₯ααα ααααα α αα ααα α αααααααα αα α α α ααααααΎααααα‘αΎααααααααα αα ααααααααααα αα ααααα ααααααα α αααααααααααα ααα ααααα α
αααααααααααααααααααααα ααααααααΎ ααααααααα ααα αααααααα ααααααα αααΎααααααααα αα αααααααΎαααααα ααααα ααααα α α’ααααααααααα ααααααα αα αααα―α αααααΎα’αααα ααααα αα αΎαααααααααααααα’αααααααααααααααααααα α αααααααααααΎ αααααααααααααααααα ααααα²ααααααΎααααα ααααααα αα α ααααααααααααααααααααα α αααααα αααααααααααααααααααααααα αΎααααααα’αααα αααααααααααΎαα’αααααααα αα ααααα ααααααααααααααα ααα α ααααααα αααααα ααα―α αα ααα αααααααα’αααα ααααααααα αααααααα αα αααα α αααααααααααααααααααααα‘αΎααα αααααααααααα αααααααααΎααααααααααααααααααααααααααΎααααααα α αααααααααααααααααα ααααααααααααααααααααααα αααααααααα αα ααααααααααααααααααααααααααααα ααααααα ααααααααααα αααααααα’α αααααααααα αα αΎαααααααα α ααα αααααααα α ααα ααααααα α αααααααααα αααα²αααααααααααααα ααα’ααααααααααααααααα
28.2 αααα₯ααα ααααααααααααααα αααα₯ααα ααα αααααααααΎααα‘αΎααααααααααααααααααααααααααααααααααααα α αααΎααααααααααΎαα αααα₯αααα αααα₯ααα αα αααααααααααα ααααααααααααα α α α αααααααα²ααα
αααα₯ααααααΎααα α αααααααααα₯αααααα’ααααα α§ααααα αααααααααααα ααααααααα αααα₯αααααα αα ααα α αααα₯αααααααΎαα αααααααα ααααααααα αααααααα₯αααααααααα αααΎααααααααααααα ααααα²ααα αααααα’αααα α§αα αα α₯αααααααααααα‘αααα αα αΎα αααα₯ααααααααααα ααα ααααααα₯ααααα αα’α ααααααααααααααα αααααααααααΎαααα αααα ααααααΎ αααααααα’αααα₯ααα α ααααααα ααααααααααααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
83
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα) (α) αα αααα αααα₯ααα
αααα αααααααααααααααααααααααα’αααα αα αα α αααααΎαα ααα αααααααααααααααα αααααα ααα₯αααααααααα αααααααααααΎααααααααααααα αααα αααα ααααααααααααααα ααααααΎαα α ααααααα²ααααααααα αα αΎαααααααααααααααααααααααΎα αα αα (i) ααααααααααααΎαααααααααα₯ααα αααααααα αα ααααααααααααααααααααα₯ααα (ii) ααααααα‘ααααααααααααα α¬αααααα ααααααα αα (iii) ααααααα αααααα’αααα α¬αααααααααααα’αααα α
(α) αααααααααααα ααα αααααααααααααα ααα ααααααααΎαααααααα αααααα₯ααα αααααααααααα’ααααααααα α¬αα ααααααααααα α α αααααα α ααααααααααααααα₯ααα ααααααααααααααααα αααα₯ααααααααααααααααΎα α αααααααααααα αααααααααα αααα αα αααα₯ααααααα αααα’ααααααααα―αααααααααααααΎαα 10% αααααααα ααααααααααα α ααα ααααααα ααααααααα α7-06-226 αα.α ααααααααααααααα ααααα αα ααααα αααααααα ααα’αααα’ααααα αα 20% α α ααα α₯αααααααααααααααααααα’αααααααα―ααααα αα αααααααα ααααααααααα α αααα₯αααααααα ααααααααΎαα 300% αααααααα ααααααααααααα α ααααααααΎααααααααα ααααα’αααααααα αΎα αααΎαααααααα αααα₯ααα ααααααααααααααααα α ααα αααααααααα αααΎα₯ααα αααααααααα’αααα ααααααα ααααα’αααααααααααααααααααααααααααα ααα ααα ααααααααα α¬αααααααα αααα₯ααα α
ααααααααααααα αααααααΎαα ααα₯ααα αααααααααα’αααα αααα αα
β’ αααααα αααΎααααααααααααα ααααα (ααααα α’αα ααααααααααα αα αα) αα
β’ αααααα αααααΎααααααααααα ααααα αα αααα ααα’αα β’ α αααααααααααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
84
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα)
(α) αααααααα αααα₯ααα ααα’ααα αααααααααααααααααααααααΎ ααααααα αααα α ECLα α αα
ααα αααα αααααααΎ αααααααα ααα’αααααα αααααααΎαααααα αα ααααααΎαααααααααΎααααααααα
ααααααΎααα αΎαααααααααΎααα ααα ααααααααααααΎαααααΎααα‘αΎααα αααααα αααα₯ααα αα αααα ααααααααααααααααααΎααααα βforward-lookingβ
αααααααΎααααΎα’αα ααα ααααααα ααααα α αααααΎαααααααααααααααααααααααααα α ααααα αα ααα ααααααααααα αα ααααααΎ αααααα αα αααααααααααααααΎαααα ααααααα αααααααααααααααα₯αααααααααα ααααααααααααααα²αααα αα
αα αααααααααααα αααα αααααααα ECLα ααααααααα ααααα αααααααα ααα αααααααα ααααααααΎαααααΎα
ααα ααα’αααααα’αααα αααααααααααααααααααΎαααααααα ααα α₯αααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
85
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα)
(α) αααα₯αααα’ααααααααααααααααα α¬ααααααα₯ααααα αα
αααααααα’αααααααααΎ αααα₯αααααααααα αααααΎαααα αααα α¬ααααααα₯ααααα ααα
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααα
αααααα
α α α αααα αααα
αααααα
(αααααα α 2.3) (αααααα α 2.3)
ααααααααα ααααααααα α
ααααα
α ααα 18,701 76,207 343,507 1,380,211ααααααααααααα 122,502 499,196 100,517 403,877 αααααααααααααα 1,060,822 4,322,850 283,967 1,140,978 α₯αααααααααααα-ααα 70,358,681 286,711,625 21,282,410 85,512,724 αααααααααα αα 22,145 90,241 22,856 91,835
71,582,851 291,700,119 22,033,257 88,529,625
ααααα αααααα
αααα₯ααα - - 500,375 2,010,507
αααα₯αααααα 71,582,851 291,700,119 22,533,632 90,540,132
(α) α ααααααααοΏ½ αααααααααααΎααααα‘αΎαααααααααααααααααα ααααααααααα ααααα αααααααα α¬αααααααααααα α¬αααααααααααααααααααα α αααααααα ααααααααααα α ααααααΎα²ααααααααααααααααααααα ααααααααααα αααααααααα α ααααα α¬α α αα ααα αααααααααα α αα ααααΎαααααααααααααΎααααααΎ ααααααααααααααααααα α αα α¬αααα αααα α ααα αααααααααααααααα α α ααα ααααααααααΎ ααααααααααααααααααααα ααααααα₯ααα αααααααααααααα ααα ααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
86
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα) (α) α ααααααααοΏ½ (ααααααα)
ααααα31 αααα αα 2019 ααααα31 αααα αα 2018
α α α αααα αααααααααα α α α αααα αααααααααα
(αααααα α 2.3) (αααααα α 2.3)
αααααα
αα αα 1 αα 460,126 1,875,013 304,048 1,221,665 1 αα 3 αα 222,515 906,749 252,521 1,014,629 3 αα 12 αα 1,017,566 4,146,581 1,083,325 4,352,800 1 αα 3 αα 2,656,548 10,825,433 3,107,823 12,487,233 3 αα 5 αα 5,005,983 20,399,381 2,714,509 10,906,897 αααΎαα 5αα 61,438,173 250,360,555 14,034,551 56,390,825
70,800,911 288,513,712 21,496,777 86,374,049
αααααα
αααααααα 23,249,561 94,741,961 18,971,106 76,225,904 αα ααααααα 47,551,350 193,771,751 2,525,671 10,148,145
70,800,911 288,513,712 21,496,777 86,374,049
αααααα₯ααα
ααα α α 68,379,140 278,644,996 21,049,014 84,574,938 α₯ααααααα
ααα 2,421,771 9,868,716 447,763 1,799,111 70,800,911 288,513,712 21,496,777 86,374,049
ααααααα
α α α αααα 62,361,397 254,122,692 21,496,777 86,374,049 αααα 8,439,514 34,391,020 - -
70,800,911 288,513,712 21,496,777 86,374,049
αα αα α α
α’α αααα 50,501,044 205,791,754 - -α αααα 20,299,867 82,721,958 21,496,777 86,374,049
70,800,911 288,513,712 21,496,777 86,374,049
ααααααα
αααααααααααα 70,800,911 288,513,712 21,496,777 86,374,049
α ααα
αααα 16,041,228 65,368,002 2,026,432 8,142,204 ααα αααα 54,759,683 223,145,710 19,470,345 78,231,845
70,800,911 288,513,712 21,496,777 86,374,049
ααααααααα αα’α ααααα (ααααααα ) 7.5%-9% 8%-9%
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
87
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα) (α) α ααααααααοΏ½ (ααααααα)
αααα ααααααααααααα ααααααααααααααααααααααααααα ααααααααααααα₯ααα αααααααααααααααααα’αααααα αα αααΎαα 10% αααααααα αααααααααααα ααααα αααΎα αααααααααααα ααααααααα₯ααα α¬ααααααααααααα ααα₯αααα¬ααααααααααα’αααα
αα α 1 αα α 2 αα α 3 ααα
α α α αααα α α α αααα α α α αααα α α α αααα
2019
α ααα αα α ααααααα 18,701 - - 18,701
ααααααααααααα 122,502 - - 122,502
αααααααααααααα 1,079,294 - - 1,079,294
α₯ααααααααααααααα’αααα
- αα 70,800,911 - - 70,800,911
αααααααααα αα 22,145 - - 22,145
72,043,553 - - 72,043,553
αα αααααα α ECL
αααααααααααααα (18,472) - - (18,472)
α₯ααααααααααααααα’αααα (7,970) - - (7,970)
72,017,111 - - 72,017,111
αααααα(αααααα α 2.3) 293,469,728 - - 293,469,728
2018
α ααααα α ααααααα 343,507 - - 343,507
ααααααααααααα 100,517 - - 100,517
αααααααααααααα 284,169 - - 284,169
α₯ααααααααααααααα’αααα
- αα 21,496,777 - - 21,496,777
αααααααααα αα 22,856 - - 22,856
22,247,826 - - 22,247,826
αα αααααα α ECL
αααααααααααααα (202) - - (202)
α₯ααααααααααααααα’αααα (796) - - (796)
22,246,828 - - 22,246,828
αααααα(αααααα α 2.3) 89,387,755 - - 89,387,755
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
88
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα) (α) α ααααααααοΏ½ (ααααααα)
ααααα’αααααα ααα 3 αα α α αααα’ααααΎααααααααααααα₯ααα ααααα ααα α₯ααααααααααααα
αααααααααααΎα’ααααααααααααααααα αααα’ααααΎ αα ααα 3 αα αααααααααα ααααααααααααααΎααααα₯αααααα§ααααα αααααα αααααααα α ααααα
(i) αα α 1 α ECL 12 αα - α₯αααααααα αααααα
ααααα₯αααααααααααααααααα ααααα α αααααααα α₯αααααα αα αΎαααααα’αααααα α αααααΎαααααα ECL αααΎαααααααααα α αααα αααααααααααααααααααα 12 αα αααααααα α αα
(ii) αα α 2 α ECL αααΎ ααααααα- α₯αααααααα αααααα
ααααα₯αααααααααααααααα ααααα α αααααααα α αααα ECL ααααααααα αααα₯ααααα ECL αααΎ ααααααα αααααααα α αα
(iii) αα α 3 α ECL αααΎ ααααααα - α₯αααα αααααα
ααααααααα αααααα ααααα αααααααα₯ααααα αααααααααααααααααααα¬ααα αΎααααααααααααααΎαααααααααααα α α ααααααα α’αααα ααααααααααααα ααααααα αααααα ECLαααΎ ααααααααααα₯ααα αααααααα α α α
(iv) ααααα ααααααα α αααααααααααααααα βforward lookingβ
ααααααααα αααααααα αααααααααααααααα βforward lookingβ ααααααααααααααΎ αααα₯ααααααααααΎααα‘αΎααα α αααααααα α αααα αααα αααα α ECLα
ααααααααααα ααααα ααααααααααα α αααα αααααααααα α ααααααααααα ααααααααα αα α α ααα α ααα αα αα αααααααααααααααααααααααααααααΎ ααα α’ααααααααααααααααα αΎαα ααααα α ααααα’ααααα ααα’αααααααααααααααα’αααα α
αααα αααααααΎαααααα α α αααααα αααα₯ααα αααααααα α₯ααα ααααααα§ααααα αααααα ααααααααααααα αα αΎαααααΎαααααααααααααα αααΎααααααααααααααααα α αααααααααααααααααα α ααααα
αααα₯ααα ααααααααα₯αααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
89
28. αααααααα αααα αααααα (ααααααα)
28.2 αααα₯ααα (ααααααα) (α ) ααααααΆααΆααα’α
αααααααααα ααααα ααααααααααααα’αααααααα αααα’αααααα αααααααα
28.3 ααααα α
αααααααααα ααααα α αααα αααααααΎα²ααααααα ααα α αααα α¬αα α α ααααα’ααααααα§ααααα αααααααααααααααα α α αααααααααααααααααααα αα ααααα ααααΎααα‘αΎααααααααααααα’α ααααα αααααα ααααααααααα αααααα’αααααααααααααααααααααα ααα α ααααα ααααααααααααααααααα’αααααααα’α α¬αααααα ααα α α’α ααααα ααααααα₯ααα α’α ααααααααα ααααααααααα
αααα ααααααΎαααα§ααααα αααααααα α αα ααα α αααααααααααα αααα α αααα ααα α ααααα αααΎαααααααα ααααααααα
(i) αααααααααααααα ααααααααααα ααα αααααΎααααααααα’α αααααααααααα’α ααααααΎ
α αααααα αααααααααααααα ααααααΎααα‘αΎαααααααααααααα α αααααααα αααααααααααα α ααααααα²ααααα α αααααααααααααααααααααα αΎααααααα αααααααααααααααα ααααααΎαα α ααααααααα ααααααααααααααααααααααααααααααα αααααα α ααααααα ααααααααααααααααααααααα α ααααα31 αααα αα 2019 αααααααααααααααααααα’ααα αααααααααααα ααααα ααααα α α ααααααααααααααα’ααα α αα ααααααααααααααααααααααααααααα ααα‘αΎαα
(ii) ααααααα αααααααα αααααααααααααα‘αΎα α α αααααααααα¬αα ααααα αααααααα ααα αααααααααα α αααα αααααααααααααααααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα) αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
90
28. αααααααα αααα αααααα (ααααααα)
28.3 ααααα α (ααααααα)
(iii) αααα’α ααααα αααα’α ααααα ααα αααΎαααααααααααα ααααααααααα α ααα
αααααααα ααααααα’α ααααα αααααα αααααααααααααααααααααααα ααααααα’ααα α αααααααα αααα’α ααααααααααα αααααααααααα₯αααααααααααααΎαααα α α α αααααααα αΎαααααααααααα αααααααααααααααα ααα’α ααααα αααααααααα αα αα’α αα α ααααααααααΎαα ααα§ααααα αααααα αααΎαααα α α ααααααααααα α
28.4 ααα α αααααααα
ααα α ααααααααα α ααααααααααααααααααααααααααααα α ααααα ααααααααα αααααααα’αααα αααααααααααα α αααααααααΎααα’ααααααααααααα ααααααααα α αααααααα α’αααααααααααα αααααααααααα ααα ααααααΎαα ααααααα α αααα αααααααα ααα αΎα ααααα ααα α αα ααα αααααααααα ααααααα α ααααααααααα₯ααα ααααααααααΎααα α’αααα αααααααααααα α α αα αΎααααααα α αααααααα αααααααααΎαααααααα αααΎαααααα²αα ααααααααααααα α ααααααααααα²ααααααα αααΎααααααααααα αααααααα α α αααααα αααααααααααααααααα
ααααααα ααα αααα’α ααααααααααααααα ααααααα’αααα ααααααααααααα αααα αα ααα αααααααα αααααα α
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
91
28. αααααααα αααα αααααα (ααααααα) 28.4 ααα α αααααααα (ααααααα)
ααααα αααα ααααααααααα ααααααα’αααα αααααα
αα ααα 1 αα > 1 β 3 αα > 3 β 12 αα > 1 β 3 αα > 3 β 5 αα αααΎαα 5 αα
ααααααααα ααα
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
αααα31 αααα αα 2019
ααααααααα αααααα
α αααααααα - - - - - - 18,701 18,701 ααααααααααααααααααα - - - - - - 122,502 122,502 αααααααααααααα - - - - - - 1,060,822 1,060,822 α₯ααα αααααααααααα’αααα 460,126 222,515 1,017,566 2,656,548 5,005,983 61,438,173 (7,970) 70,792,941 ααααααααΎ ααααααα₯ααααααααα - - - - - - (434,260) (434,260) αααααααααα αα - - - - - - 22,145 22,145
460,126 222,515 1,017,566 2,656,548 5,005,983 61,438,173 781,940 71,582,851
ααααα’αααα αααααα ααααα’αααααααα 9,013 18,138 83,515 136,286 - - - 246,952 ααααα’ααααα αα - - - - - - 181,328 181,328
9,013 18,138 83,515 136,286 - - 181,328 428,280
ααα α αααα αα 451,113 204,377 934,051 2,520,262 5,005,983 61,438,173 600,612 71,154,571
αααααααααα (αααααα α 2.3) 1,838,287 832,835 3,806,259 10,270,068 20,399,380 250,360,555 2,447,494 289,954,878
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
92
28. αααααααα αααα αααααα (ααααααα)
28.4 ααα α αααααααα (ααααααα)
αα ααα 1 αα > 1 β 3 αα > 3 β 12 αα > 1 β 3 αα > 3 β 5 αα αααΎαα 5 αα
αααααααααοΏ½ ααααααα
α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα α α α αααα
αααα31 αααα αα 2018
ααααααααα αααααα
α αααααααα - - - - - - 343,507 343,507 ααααααααααααααααααα - - - - - - 100,517 100,517 αααααααααααααα - - - - - - 283,967 283,967 α₯ααα ααααααααα 304,048 252,521 1,083,325 3,107,823 2,714,509 14,034,552 (796) 21,495,982 ααααααααΎ ααααααα₯ααααααααα - - - - - - (213,571) (213,571) αααααααααα αα - - - - - - 22,856 22,856
304,048 252,521 1,083,325 3,107,823 2,714,509 14,034,552 536,480 22,033,258 ααααα’αααα αααααα αααααα - - - 8,300,000 - - - 8,300,000 ααααααααααααααα’ααα 35,736 68,014 317,015 792,071 - - 1,212,836 2,425,672 ααααα’αααααααα 8,574 17,255 79,450 226,993 19,959 - - 352,231 ααααα’ααααα αα - - - - - - 575,426 575,426 44,310 85,269 396,465 9,319,064 19,959 - 1,788,262 11,653,329
ααα α αααα αα 259,738 167,252 686,860 (6,211,241) 2,694,550 14,034,552 (1,251,782) 10,379,929
ααααααααααα (αααααα α 2.3) 1,043,627 672,017 2,759,804 (24,956,767) 10,826,704 56,390,830 (5,029,658) 41,706,556
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
93
28. αααααααα αααα αααααα (ααααααα)
28.4 ααα α αααααααα (ααααααα) ααααααΎ ααα ααααααααααα αααα αααααααααααα ααααααα’αααα ααααααααα
ααααα α ααααααααααααααα ααααααα αααα αα ααααααΎαααααααααααααααααααααααααα’ααααααααααα αααααααααα α αααα αααααααααααα αααα α ααααααααααα αααα αα ααα αα αααααα α αααααααααα ααααααααΎαα α α ααα αααααααααααααΎα αααααααααααα’αααα ααααααα ααααααα α αααα₯αααααααααα’ααααααα α αααααααααααα α αααα₯ααα ααααα αααααααααααΏαααα ααααααααααα
28.5 ααααααααααααααααααα ααααααα’αααα αααααα
ααααααααα ααααααααααααααααα α ααααα α¬αααααα’ααααααααα αααααααααααα ααααααααα αααααααααααα (arms-length-basis) α α α ααααααααααααα α ααα ααα αααααα αα α αααααα ααα α ααα αααααααααααααααααααααααααααααααα ααααααα’αααα αααααααααααα α ααααααα α αα αααα αααααααααααα αααα’ααααΎαααααααααα’ααααααααααααα ααααααααααααααα ααααααα’αααα αααααα α
αααααααααααααααα αααα αααααααααααααααααααα’αααα ααααααααα αααα αααααααααααα α αααα αααααααααααα α αααααα αααααααααα ααααααααααααα αααααααααΎαααα αα αααααααααααΎαααα α ααα₯αααααααααααααααααααααααα αΎα ααααΎαααααα αααααααααααααααααααα ααααα₯ααα ααααααααααααααααααααααΎααααααααααααααααααααααα ααα α ααααααααααααααααααααααΎα₯ααααααααααααα
29. ααααααααααααααααα αα αααα α α αααααααααα‘αΎαααααααα αααααααααα ααααααααα ααααααααα αΎαααααααα αα’αααααα ααα α¬αα’ ααααααααα ααααα ααα’ααααααααααααα αααααααΎα ααα αααααα αα ααα α α ααα‘α α α αααααααααααααααααααα ααααααΎα ααααααααααα ααααααααααααΎαααααααααα’αααααααα αΎα α ααααααα‘αΎααα α αααα ααα αααααΎααα‘αΎααααα’α‘ααααααααΎαααααα αααα 31 αααα αα 2019 αα αΎα α ααα αααααααααα‘αΎαααααααα αα αα αααααααααααααα‘αΎαααααα αααα αααααααααααααααααααααααααα αααα α ααααααααα’ααααααΎαααα α αααααα αααααα αα ααααααααα α α α ααααααααααααα α αααα α α αααααα9 αααα αα 2020 ααααααααααααααααααα ααα α ααααααα α ααα ααααααααα’α αα ααααααα αααααααααααα αααααααααααααααααααααααααααα ααααααααααααααααααααΎα ααααααα αααααα ααααα α ααααααααααααααααα
αααα αα’ -ααα αα αααα‘αααα α.α (αα ααααααα―αααα αα’ -ααα αα αααα‘αααα αα’αα)
αααααα ααααΎααααααα αααααα (ααααααα) ααααααααααα αααααααααα ααααα 31 αα αα αα 2019
94
29. ααααααααααααααααα αα αααα (ααααααα)
ααα’α ααα ααααααααα’αααααααααααΎααααααααααααα 2020 αααααααααααααααααααα‘αΎαααααα ααα ααααα αα ααα α α ααααααααααααα ααααααααααα₯αααααααααααααα αααα₯αααα ααααααααααααααααααα αααα αααα α α ααααααααΎααα‘αΎααααααα ααααααααα ααααααααααααα₯ααααααααααααααααα’αααα α
ααααααααα ααααααααααααα ααααααααα ααααααα ααααααααααααα αααααα αααα αα α ααααααΎααα‘αΎαααα αα αααα31 αααα αα 2019 ααααααα αααααααααααα αααααα ααααααΎααααααα αααααααααααααααααα αααα31 αααα αα 2019 ααααα α