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Quarterly financial statements

Year-2017 Quarter- 1

Quarter-1,2017
FINANCIAL STATEMENT
(in thousands of MNT)
Items 3/31/2017
1 ASSET
1.1 Cash and cash equivalents                           2,893,336.46
1.2 Due from banks                                                –
1.3 Financial investments (available for sale)                                   9,140.00
 1.3.1 Investmens in associates                                                –
1.4 Loans and advances to customers (net)                           5,513,505.86
 1.4.1 Performing loans                           1,860,000.00
 1.4.2 Non-performing loans                           5,619,208.19
 1.4.6 Deferred loan payment                                                –
 1.4.7 Accrued interest receivable                                 12,697.94
 1.4.8 (Loan Loss Provision)                        (1,978,400.27)
1.5 Derivative financial assets                                                –
1.6 Other financial assets                                                –
1.7 Other non-financial assets                              533,200.46
1.8 Fixed assets (net)                              750,332.98
1.9 Real estate for investment                                                –
1.10 Assets for sale                                                –
1.11 Intangible assets                              325,907.85
1.12 Total assets                        10,025,423.61
2 LIABILITIES
2.1 Current account                              103,166.43
2.2 Savings                                 40,879.59
2.3 Due to banks & financial instituitions                                       740.52
2.4 Other deposits                                                –
2.5 Other liabilities                              311,496.98
2.10 Total liabilities                              456,283.52
3 EQUITY
3.1 Share capital                        16,000,000.00
3.2 Share premium                                                –
3.3 Treasury stock                                                –
3.4 Revaluation surplus                                 16,353.39
3.5 Retained earnings                        (6,475,159.98)
3.6 Other reserves                                 27,946.69
3.7 Total equity                           9,569,140.10
4 TOTAL LIABILITIES AND EQUITY                        10,025,423.61
INCOME STATEMENT
(in thousands of MNT)
Items 3/31/2017
1 Interest income                              223,143.83
 1.1 from Bank of Mongolia                                                –
 1.2 From Other banks & financial institutions                                                –
 1.3 from BoM securities                                                –
 1.4 Loan interest income                              223,143.83
 1.5 Other interest income                                                –
2 Interest expense                                       691.13
 2.1 Interests paid to Current account                                                –
 2.2 Interests paid to Savings                                       691.13
 2.3 Interest paid to Borrowed fund                                                –
 2.4 Securities interest expense                                                –
 2.5 Other interest expense                                                –
3 NET INTEREST INCOME (1-2)                              222,452.70
4 Provision expenses                                   4,621.97
 4.1 Deposits at other banks and financial sectors                                                –
 4.2 Securities                                                –
 4.3 Loans                                   4,621.97
5 Net interest income after provision [(3)-(4)]                              217,830.74
6 Other income                              148,657.55
 6.1 Non-interest income                              148,657.55
  6.1.1 Trade income                                                –
  6.1.2 Exchange and revaluation adjustment expense                                 77,837.59
  6.1.3 Fees and commission income                                         92.25
  6.1.4 Other non-interest income                                 70,727.71
 6.2 Other income                                                –
7 Other expense                              286,395.27
 7.1 Non-interest expense                              283,069.34
  7.1.1 Other provision expense                                                –
  7.1.2 Trade expense                                                –
  7.1.3 Exchange and revaluation adjustment expense                                 77,642.42
  7.1.4 Fees and commission expense                                       430.40
  7.1.5 Other operating expense                              204,996.51
 7.2 Other expense                                   3,325.94
8 Net Profit Before Taxes (5+6-7)                                 80,093.01
9 Income tax expense                                                –
10 Net Profit After Taxes (8-9)                                 80,093.01
11 Other comprehensive income                                                –
12 Total comprehensive income for the year (10+11)                                 80,093.01
PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA
Ratios Limit Bank
Tier 1 ratio ≥ 9% 152.0%
Capital adequacy ratio ≥ 12% 152.3%
Liquidity ≥ 25% 634.1%
Foreign currency open position ratio (by each currency) < ±15% -0.3%
Foreign currency open position ratio (total) < ±40% -0.3%

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