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Financial Statement

Financial Statement is an essential publication by the financial institution and LOLC prepares financial statement in accordance with Cambodian International Financial Reporting Standards (CIFRSs). For the purpose of transparency, financial position, performance and key financial ratios with the latest period as well as reports from previous years are published. The growth in loan portfolio, customer deposit and borrowing are indicators that LOLC (Cambodia) Plc. is a trusted financial institution to both customers and lenders.

2019
Audited
2018
Audited
2017
Audited
Assets
Cash and placement with banks $230,796,683 $118,141,614 $43,738,883
Loans to customers $772,214,265 $483,845,307 $322,647,698
Loan Loss Reserve ($7,678,823) ($5,399,625) ($4,479,108)
Property, plant and equipment (net) $8,002,205 $7,325,856 $7,273,494
Other Assets $6,017,174 $6,415,217 $2,249,787
Total Assets $1,009,351,504 $610,328,369 $371,430,754
Liabilities
Deposits from customers $457,661,470 $236,910,385 $91,834,678
Borrowings $379,643,479 $272,997,312 $206,345,750
Other liabilities $36,241,114 $19,250,058 $12,871,196
Total Liabilities $873,546,063 $529,157,755 $311,051,624
Equities
Share capital $55,460,850 $29,701,373 $17,756,775
Reserves and others $53,603,944 $34,951,409 $2,923,124
Retained Earnings $26,740,647 $16,517,832 $39,699,231
Total Equity $135,805,441 $81,170,614 $60,379,130
Total Liabilities and Equity $1,009,351,504 $610,328,369 $371,430,754

INCOME STATEMENT
2019
Audited
2018
Audited
2017
Audited
Interest Income $116,360,582 $77,838,135 $62,478,247
Interest Expenses ($53,180,109) ($34,255,249) ($20,974,925)
Net interest income $63,180,473 $43,582,886 $41,503,322
Provision for bad and doubtful Financial Instruments ($4,253,852) ($3,314,339) ($2,779,514)
Net interest income after provision $58,926,621 $40,268,547 $38,723,808
Net foreign exchange gain/(loss) ($1,064,576,00) $345,864 $330,153
Other income $17,457,280 $10,044,688 $2,629,418
Personnel expenses ($24,694,156) ($18,797,377) ($14,346,624)
Depreciation and Amortization ($2,543,703) ($2,233,491) ($1,056,611)
Other administrative expenses ($9,800,225) ($8,861,142) ($6,822,447)
Profit from operations $38,281,241 $20,767,089 $19,457,697
Income Tax expense ($4,261,123) ($5,129,276) ($3,869,640)
Net Profit for the Period  $34,020,118 $15,637,813 $15,588,057