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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.

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

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