The initial registered capital of the Branch is LAK 100,661,400,000. The actual paid-up capital as at 31 December 2013 is LAK 100,661,400,000.

Transcription

1 Maybank Lao Branch GENERAL INFORMATION THE BANK Maybank Lao Branch ("the Branch") is a branch established in Lao People's Democratic Republic ("Lao P.D.R") of Malayan Banking Berhad, a bank incorporated in Malaysia. The Branch operates under Banking License No. 35/BOL granted by the Bank of Lao P. D. R ("the BOL") on 26 October The initial registered capital of the Branch is LAK 100,661,400,000. The actual paidup capital as at 31 December 2013 is LAK 100,661,400,000. The principal activities of the Branch are to provide comprehensive banking and related financial services in Lao PD.R The Branch is located at No. 43, 45, 47 Lane Xang Avenue, Hatsady Village, Chantabouly District, Vientiane Lao PD.R MANAGEMENT Members of the Management during the period from 5 November 2012 to 31 December 2013 and at the date of this report are as follows: Name Mr. Lim Wai Hoong Mr. Felix Desmond Francis Mr. Bembi Ng Boon Sin Ms. Phengsomchith Phonphosy Position General Manager Head of Operation Department Head of Business Development Department Head of Credit Administration Department 14 May September May September 2012 LEGAL REPRESENTATIVE The legal representative of the Branch during the period from 5 November 2012 to 31 December 2013 and at the date of this report is Mr. Lim Wai Hoong General Manager. AUDITORS The auditors of the Branch are Ernst & Young Lao Limited.

2 Maybank Lao Branch REPORT OF MANAGEMENT Management of Maybank Lao Branch ("the Branch") is pleased to present its report and the Branch's financial statements as at and for the period from 5 November 2012 (date of establishment) to 31 December MANAGEMENT'S RESPONSIBILITY IN RESPECT OF THE FINANCIAL STATEMENTS The Branch's Management is responsible for preparation of the financial statements of each financial period which give a true and fair view of the state of affairs of the Branch and of its results and cash flows for the period in accordance with the Enterprise Accounting Law of Lao P.D.R and other relevant accounting regulations stipulated by the Branch of Lao PD.R. In preparing those financial statements, the management of the Branch is required to: ~ select suitable accounting policies and then apply them consistently; ~ make judgments and estimates that are reasonable and prudent; ~ state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and ~ prepare the financial statements on the going concern presume that the Branch will continue in business. basis unless it is inappropriate to The Branch's Management is responsible for ensuring that proper accounting records are kept which disclose, with reasonable accuracy at any time, the financial position of the Branch and to ensure that the accounting records comply with the registered accounting system. It is also responsible for safeguarding the assets of the Branch and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Branch's Management has confirmed that the Branch has complied with the above requirements in preparing the financial statements for the period from 5 November 2012 to 31 December STATEMENT BY MANAGEMENT Management does hereby state that, in its opinion, the accompanying financial statements give a true and fair view of the financial position of the Branch as at 31 December 2013 and of the results of its operations and its cash flows for the period from 5 November 2012 to 31 December 2013 in accordance with the Enterprise accounting law of Lao P.D.R and relevant accounting regulations stipulated by the Bank of Lao P.D.R. For and on behalf of Management: Vientiane, Lao P.D.R 25 March

3 EY Building a better working world Ernst 8. Young Lao Limited Tel th FloOI, Capital Tower Fa ' 8562 j 45"> Singha Road, Nongbone Village ey,c m ::>aysetthd DlslllcL Vientiane Capital, Lao DR Reference: / INDEPENDENT AUDITORS' REPORT To: The Management of Maybank Lao Branch We have audited the accompanying financial statements of Maybank Lao Branch ("the Branch"), which comprise the balance sheet as at 31 December 2013, the income statement, statement of changes in equity and cash flow statement for the period from 5 November 2012 to 31 December 2013, and a summary of significant accounting policies and other explanatory notes, as set out on pages 4 to 31, Management's Responsibility for the Financial Statements The Branch's management is responsible for the preparation and fair presentation of these financial statements in accordance with the Enterprise Accounting Law of Lao P.D.R and other relevant accounting regulations stipulated by the Bank of Lao P.D.R, and for such internal control as management determines is necessary to enable the preparation of the financial statements that are free from material misstatements, whether due to fraud or error. Auditors'Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the Branch's preparation and fair presentation of the financial statements 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 6ranch's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

4 Building a better working world Opinion In our opinion, the financial statements present fairly, in all material respects the financial position of Maybank Lao Branch as at 31 December 2013 and of its financial performance and cash flows for the period from 5 November 2012 (date of establishment) to 31 December 2013 in accordance with the Enterprise Accounting Law of Lao P. D. R and relevant accounting regulations stipulated by the Bank of Lao P.D.R We draw attention to Note 2.2 to the financial statement on basis of preparation, which describes the purpose of presenting reference figures in USD in additions to LAK'OOO. The equivalent amounts in USD are presented in the accompanying financial statements for the purpose of the Branch's internal use only and should not be used for any other purpose. 28 February 2014

5 lu~'uj'lj(jlj cclsu ~,5U~0J(0;J,iJU((c15lJU1 5 w:;.!iin 2012 m, 5lJU1 31 UllJ0' 2013 ~7f5U (:JU:: m:7dvm 5 tv:: fn 2012 m7 ~,5u bu:;((c1 5lJU1 5 w:;.!iin :!nc'iu :J7unw CBn::iJW ~BVtlI7U DVm 31 mv D72013 iijvnu 2012 m,5lju1 31 UllJ0' 2013 U1:lUCzi1, LC1;J, A. ;:J'U6U ((;:J:; ;:J,uiJ'U~1nmlJc'11CiJlJj'lJ 1. ;:J'U6uC1SncUU ((;:J:; ;:J,u6tJUifl,ui'inlJ 3 4,703, , ;J'U5UC1SncUU ((;J:; ;J'U5UU1fl,ui'inlJ;J:;m6'JU1:;lJ,mlJ 56,720 7, ;J'U5uC18ncuu ((;J:; ;J'U5uU\fl,uf\nlJ'il1n;~mfl, 3,465, , ;J'U5UC1SncUU ((;J:; ;J'U5u61f1,u1lnlJ~lJ~ 1,181, , ;:J'UiJ,UC1Sncuu CC;J:; ;:J,uiJ,uU1fl,ui'inlJ 3 (2,739,925) (342,362) 2.1 ;J'Ui,uC1SncUU C(;J:; ;J'Ui,uU1fl,u1lnlJ;J:;m6'jU1:;lJ' fl1lj (2,134,690) (266,736) 2.2 ;J'Ui,uC18ncuu ((;J:; ;J'Ui,u61f1,u1lnlJLm;~mf1' (605,235) (75,626) I. ;J'U6UC18ncuu ((;J:; ;:J'U5tJ U1fl,ui'inlJ~C1Ui 1,963, ,360 3 ;J'U5U'il1nrmn'lJ:llJ ((;J:; mlju;;jmlj 4 898, ,252 4 ;J,ui,u'il1nrmn'lJ:llJ ((;J:; mlju;;jmlj 4 (134,425) (16,797) 5 n'(;j~c1ui 'il1nmlj~2'u(jljmc1'jlj:;cu1c1 ((;J:; r" 5 64,240 8,027 II. ;:J,U 5 U~C1U1'il' nmljcl' cij lj j'lj 2,791, ,842 B ;:J'U6U ((;J:; ;J'U~'U8lJ:J 6 ;J'U5U'il1nmlJc'mDlJj'lJ8lJ~ 6 158,161 19,763 7 ;J,ui,uE'l,u;im'lJ (7,531,584) (941,095) 71 ;J'Ui1U(JlJC(\8lJ ((;J:; 8lJ~U1n:l0 SJnuw:;iJnj'lJ 7 (3,339,323) (417,259) 7.2 ;J,Ui,uE'l'U;;Jm'lJ8lJ ~ 8 (4,192,261) (523,836) 5

6 LtJ;mJj'lJtJlJ (cl5tj (~) i:i,;suti1,ulj 5uUi 31 mu;), 2013 ;;170U ;;l7unw f8n::~w ~B1JtJ),U 2013 ;Jwnu 2012 ;Jwnu III. 11 IV. ;),ui,urnmum:lu.. [[;):: n,dabj.j ;),ui'u5lj~:ril",n'ljn,[ijlj"u ()ljm5~::[/jj':: «(nun,)ldlunlj()ljt(5~' ;Suc)lJi)~m;:Jnn, ()lj((5~::[/jj,::mlj"mlmlj~,;su()lji)~m;:jnn, [nunljn'[[5mi[~e.r.o::[/jj'::[)lji)~m;:jnn, emmlj;);)j.jr'lbljdlnb",blj B",BW'UtfltJ::yiJu 2'ClmUq]Jmns",su (1,579,118) (551,409) (14,119) 14,119 (6,712,167) (6,712,167) (197,314) (68,900) (1,764) 1,764 (838,704) (838,704) UlUU1;)Ulm.J: th,u U'J ~;)wsu 5J~~r:m.J th,u Lim Wai Hoon '"lj m;)oij,w~r[unmuulj~ [e;j~ mueju rj';lclmululu U~flSUlD;)J;)JJ';lu. ~.tj.tj ;J,;) 25.uu,

7 lu~::;mu~u~jjucl "l' Ut5Uiil 31 UlU;:J, 2013 ::lin ~ufjlj wn:: t'j71j ~8lJ dim 31 till};)? 2013 :J71JiiU 31 tilljd? 2013 t/ljucdi? (n;;n I CJU~Cl CC;Jt cjuwm ~U1tU,muccmJ ~tjtj ;JKJ "U1m;J" 128,974,087 16,115,717 1 CJU~Cl ~ UTl1.u 10 4,209, ,034 2 cjucjmntcm;;),u5u ,764,234 15,589,683 II etc18ji5u';]mu1tu,mu~u 12 22,605,866 2,824, cjucjmnt([~;;),u5u dm.h n.uil, ij Cl 10,556,307 12,049,559 1,319,044 1,505,630 III ;)JU1u1um;Sn~u m;)n~u~il t)~f]'f1uil,ijcl IV cju~1rn~nfl' (CJUCCi5~tCW't~Cliil) ,612,477 13,696,423 V ~u~j.juclf1j61 mua~'jil,;sjr11cijumu((;;)t ~U~Uf1J~W;:JJ.J 7,044, ,185 1 di8uu1u 420,802 52,580 2 ~U~J.JUCl(1J~.ufl ;:Jflu ,269, ,351 3 ~U~J.JUClf1Jiilu.ufl;:Jflu ,157 44,254 VI 1 ~u:aueuj Clsncuufl'J5u 3,644, , ,405 36,427 2 ~U~U81J~ 15 3,353, ,978 ;J;)J.J~u:au 271,881,145 33,972,404 7

8 LU~~~U~U~~IJJUC1 (~) lj~5ljiii 31 mlj;j, 2013 CBn::i:J7JJ 31/12/ /72/2013 ;;)/(1 ~UEJJ ~BJJdi1U LAK'ooo mjucjf1[(i;;) 1 I d{jcl8j~j~rruj1~lj,mlj lj 150,844,949 18,848,550 1 cjlj(jmn~cc~;;mj5lj ,041,148 1,254,673 2 cjlj(jmljli,ucl ,803,801 17,593,877 II d{jcl8j~j~m;:jnel' 17 18,213,058 2,275,779 1 cjlj(jmn~c(~;;)'u5lj 4,229, ,512 2 cjlj(jmlj~tjcl 4,312, ,808 3 cjlj(jmljli,ucl 9,671,295 1,208,459 III diholj8lj::j 8,325,843 1,040,339 1 ()8mln.Jfl'J~'U 2,303, , m8lJfl'J~'U 18 36,574 4,570 3 d{jcl8j~'u~lj::j 19 5,986, ,987 tiu ~ lj;;) ;:JJ.J 177,383,850 22,164,668 IV UilJ CC;;)~ ElJ~'i58J 94,497,295 11,807,736 1 U1lJ';]mJ1~UJlJ'l8mc;'5;J ,661,400 12,577,958 2 ElJ~~~J.JC1U.J;;)~UJumlJ 3 nj2~mu'ljl(1;;)~f\cl 4 njc( i5 cit 8n'lJCC;;)n UJlJ (JlJ C1' c1' JlJ ~C tf)cl 5 nj(ci5~;j rlj~,;su(jlji) ,062 68,482 6 li,b~~~j.j (6,712,167) (838,704) ;;)~J.JUilJ 94,497,295 11,807,736 ;;)~J.JtiU~lJ CC;;)~ UilJ 271,883,657 33,972,716 8

9 lu:i:l~mu~u:e.uucl (c\) "'( U::;5UUl 31 VlU~' 2013 ;::)/n ;::)7UmlJlJ8n?U;,::mu~uiB.uun.., can::;'71j ~8lJ';hu 31 mljd LAK'OOO 31 tiilkj liijuctf!,[m7 I rmruu:luu,z1ihi ~6i ~5 1 ~teinnwuul'jmucjulmccn;;jnfi, 62,958 7,867 ;);).uubc1~9nwu 62, II qjn~urm.j~nu CC;)~ mujjc1'i, A 1 qjn~urm.j::nu ((;):: mujjc1'i,:ll,;suc3ljlj 1jJn~ufmJ:::nu cc;)::: mujjc1'i,~,;suc3ui}lm ccn;;jnfi, 167,194, ,194,690 20,891,502 20,891,502 B 1 qjn~ulm.j::nu CC;):: mujjc1'i, ~,;SuoiJJ~{;'U~ nuulbbn '" 1jJn~U~mJ::nu cc;):: mujjc1i,~,;suoijj~{;' U::nu6iBBnLO'mn;;Jnfi, 62,958 62, ,867 1jJn~rn,u::nu CC;):: mujjc1i, 167,257,648 20, til,u u'j E;iw8U 5J~::rJ,tJ til,u Lim Wai Hoang m;)rru,w:::[(unmuuu~ ((;):: mu[]u WilC1muLmu U:::08Ul]J;)J;)JJ',)U, ~.tj.tj ;),~ 25 1Ju,

10 Ul~1Jm'1JCJJCCU) ~'!:?';;J'~ (u;mjj'umuij ::lumj j2sjulu ~,;Sut;JU::: m15uul 5 llj:::~ll 2012 m,ui,uu 5UUl 31 UlU~' 2013 ;;numu t1iu~nlll::uju r;8n[[;5~ wuiiu fij~::~.lj nw:j::ujumu wufiu fij[[diji~ruij1f5u iim::ij,eul~ B wufiu nj[[:jnujuljum CJ1JU::lllln wuiiu n1 r;;w::~.lj wuiiu :JD.lJ wufiu USClCrDsu:::5uUl 5 l1l:::'in 2012 llj U'iClU1:::U JucilJ JJC njj t1sllcc;5~ 100,661, ,661,400 2'C1llJU~C1UlllJ'U~uu. (6,712,167) (6,712,167) ~, JnJ~:::~ JJC11JJ;J::: UJum UllJ'U~ UU mllnjcc5u\~ hj~uu 548, ,062 cflunurmias JJ~,;SUCJ ui) ~ UU. ~~U[h'lJJ~1ll9C1mCCJlliJJU.. usmtijsu:::5uui 31!i\u<:l' ,661, ,062 (6,712,167) 94,497,295 ll:::lljjj tclu: UlUU1~U tclu: c; 1il,u u'j ~;jlljsu 5J~:::cJ'u 1il,u Lim Wai Hoong, IC '1.J~I_ '" m~:loij'llj:::ccullmutiu~ CC;J::: mucju ~",jclmu~mu "~"::''''':J'~7 10

11 Ul:::U'fl'UCJJCCU:J ~,~,;),;) LtJ~'tJ.1'lJ mlju JlJCCtJ U1lJ ~,;Subu::; CCC15lJUl 5 w::;'i1n 2012 m,ui,uu 5lJUl 31 UllKJ' 2013 tjju~oll1::uju c'jwstf);]'(uis7 njis7sbj[[;;muju f/bncc;j;) njcjwswmujnu fjuc'jufj cjun7c71ju::c1i10 n1 (;:);:J::iaJ) ;:);)J) ;:)7unw li1juctf)7 'to;:)7 li1juctf)7 'to;:)7 lf7juctf)7 'to;:)7 li1juctf)7 'to;:)7 li1juctf)7 'to;:)1 li1juctf)7 'to;:)7 uencqjelj::5ljm 5 l1j::;~n 2012 c3ljuilj'~"ul::;u JlJC@.lJCCl.lJlU'U'1lJU 12,577,958 12,577,958 21C1UilJ~"UlW,u'1lJU (838,704) (838,704) ~ 'JoJC3lJCCSlU1llUJOUlU'U'1lJU ~,u'ij,uc'j'ljccsu1~hjw,u'1lju 68,482 68,482 CllUf\lJC'j'lJCCSU1~hJw,u'1lJU ~~ljac1c1j J';)msC1C1'CC;JntJ JlJ uencqjelj::5ljm 31 UllJ;l, ,577,958 68,482 (838,704) 11,807,736 n::nj.ljl"u: tiluul~ljl"u: ;;;~ unlj lj'j ~5lU8lJ 5J~:::cJ'u til,lj Lim Wai Hoong m~zru,w:::ccljnll1ljulj~ CC;J::: ll1ljc3lj cj~"mlj'1mu lj::;fl8ljl!j~j~jj~lj, ~.tj.tj ;J'~ 25 DlJ,

12 lu;;;jiujilm::;cc ~CJlJ~(l ~,;5u bu::;eec15ljul 5 w::;~n 2012 U111n1UU 5lJUl 31 U\lJ~' 2013 ~,;5u ~ ~ Je~ ;;),ijueec1 ~,;)U ~~J( ~ ;;),ijueec1 ;J7Un71J csn:: fj71j RSV m7u 5lJUl 5 w::;~n 2012 m,til,uu 5lJUl 31 U\lJ~' 2013 tijviiu 5lJUl 5 w::;~n 2012 m,til,uu 5lJUl 31 U\lJ~' 2013 liijuct!i,'tn;:;, li, C;;):;JClUlriJJ81ll8lJ (6,712,167) (838,704) r1clceil~,;)u: ;;;)1triJ1U81n81Jcier\l1U ;;;),u.,uf1,~um::l1jec;;;)::: n,c~elj.ljuf:l ,574 1,579,118 4, ,314 ;;;) 1U ij1tj('1jcos~ 1;:)UCJUl) ,181 70,246 OlUOU c,ucc<; :il,;:)uc'ul) 13.2 (14,119) (1,764) n::;ee~ejljscl.,n~'clull.11ljmljc1,eijljj'lj i18ljmljujljeetjj~8j~ulaljee;)::; oti3lj (e@jj lj )/mcl;jj!? 8J~u~m 1ll m ljc1,djlj J'lJ.". ejljrj,n~ m::;lj,mlj 8lJ ejljt) ee;;)::; ejlj;j~jo1j,'lm;~mf1, ;;)'U5UClSncuufi'J5U ~UialJ8lJ::J (e@ JJ~ lj )/mcl;jj!?sjdliialj'ij1ll m ljc1,edljj,lj.". ejljrj1ll ee;;)::; ejlji)'ij1llm::;lj,mlj8lj \S\JrJ1ll!?sJ~nfi, ee;;)::;dlillsj~j~lj::j!?sj;;jnfi, s1llsljli, r;;)'lsnce;':j~w,u'llj~~je~;;), ;;),ui,uclsncuufi'ji, u duialj 8lJ ::J (4,548,413) (28,011,810) (109,612,477) (291,520) (3,773,883) 150,844,949 18,213, ,303,129 5,986,140 (568,338) (3,500,164) (13,696,423) (36,427) (471,558) 18,848,550 2,275, , ,987 n::;ee~ejljscl:;jclul.1llficl'ij::;li,mljc1,djljj'lj m lje~8ljcm~c'1, lj mlj;jjullj ~,ui'u~~u~jjucl ee;;)::; filu:::nslj n::: ee~ejljia m1ll mlje~ 8lJCm~m, Jcl,lJ m lj;j JUllJ m lje~ 8lJCm~m, JC'1, ljm lj;j JUllJ mlju:::nsumljeujjjee\jj n::;((~ejljiacl:;jcliiillmmlj(~eljrm~m'jcl'ljmljejlj 31,109,173 (8,202,430) (8,202,430) 100,661, ,661,400 3,887,188 (1,024,919) (1,024,919) 12,577,958 12,577,958 12

13 ~lj;)'ufljn~cc~c5lj~c1 ~,;5u l;ju:;ccc15uul 5 1U:;~n 2012 m,cil,ulj 5UUl 31 U1U;)' 2013 C'UOO CC;;;):: Ul~Ucm't'1JSmWJJ2lJ::'ClUl , C,u~Cl CC;;;):: Ul~ucv'ht'lJ~Cl~lJ~lJU i:h\~~oomcc;;;)nu:luc)umc1'~tj::culcl c,uro C(;;;):: Ul:lUcu'1'C'lJ~c)~UU\'uU zh,u u'j i3;j1u8u 5J~:;cJ'u m;)oij'1u:;ccljnmljulj~ CC;J:; mljcjlj lj:;f18ljq};)j;):lj"illj. ~.tj.tj 25.ulJ, 2014 ;J,;) 13

14 Maybank Lao Branch INCOME STATEMENT for the period from 5 November 2012 to 31 December 2013 Code ITEMS Notes For the period from 5 November 2012 to 31 December 2013 LAK'OOO For the period from 5 November 2012 to 31 December 2013 USD equivalent A. OPERATING INCOME AND EXPENSES 1. Interest and similar income 3 4,703, , Interest and similar income from interbank 56,720 7, Interest and similar income from customers 3,465, , Other interest and similar income 1,181, , Interest and similar expense 3 (2,739,925) (342,362) 2.1 Interest and similar expense for interbank (2,134,690) (266,736) 2.2 Interest and similar expense for customers (605,235) (75,626) I. NET INTEREST AND SIMILAR INCOME 1,963, ,360 3 Fee and commission income 4 898, ,252 4 Fee and commission expense 4 (134,425) (16,797) 5 Net gain from dealing in foreign currencies and gold 5 64,240 8,027 II. NET OPERATING INCOME 2,791, ,842 B OTHER INCOME AND EXPENSES 6 Other operating income 6 158,161 19,763 7 Administration expenses (7,531,584) (941,095) 7.1 Payroll and other staff costs 7 (3,339,323) (417,259) 7.2 Other administration expenses 8 (4,192,261) (523,836) 8 Depreciation and amortization charges (1,579,118) (197,314) 9 Other operating expenses 9 (551,409) (68,900) 10 Net specific provision (charges)/reversal for loans to customers Specific provision of credit losses of loans to customers (14,119) (1,764) 10.2 Reversal of specific provision for credit losses 14,119 1,764 III. TOTAL LOSS BEFORE TAX (6,712,167) (838,704) 11 Current enterprise income tax 18 IV. LOSS AFTER TAX (6,712,167) (838,704) Prepared by: Reviewed by: Ms. Siliphone Vongsaphay Executive of Accounting and Finance Department Vientiane, Lao PD.R 25 March

15 Maybank Lao Branch BALANCE SHEET as at 31 December 2013 Code ASSETS Notes 31/12/2013 LAK'OOO 31/12/2013 usa equivalent I Cash and balances with the SOL 128,974,087 16,115,717 1 Cash on hand 10 4,209, ,034 2 Demand deposits ,764,234 15,589,683 II Amounts due from other banks 12 22,605,866 2,824,674 1 Demand deposits 10,556,307 1,319,044 2 Term deposits 12,049,559 1,505,630 III Investment in securities 1 Held to maturity IV Loans to customers (net of specific provision) ,612,477 13,696,423 V Fixed assets 7,044, ,185 1 Construction in progress and fixed assets in transit 420,802 52,580 2 Tangible fixed assets ,269, ,351 3 Intangible fixed assets ,157 44,254 VI Other assets 3,644, ,405 1 Accrued interests 291,520 36,427 2 Other assets 15 3,353, ,978 TOTAL ASSETS 271,881,145 33,972,404 6

16 Maybank Lao Branch BALANCE SHEET (continued) as at 31 December 2013 Code ASSETS Notes 31/12/2013 LAK'OOO 31/12/2013 USD equivalent I Amounts due to other banks 150,844,949 18,848,550 1 Demand deposits ,041,148 1,254,673 2 Term deposits ,803,801 17,593,877 II Amounts due to customers 17 18,213,058 2,275,779 1 Demand deposits 4,229, ,512 2 Saving deposits 4,312, ,808 3 Term deposits 9,671,295 1,208,459 III Other liabilities 8,325,843 1,040,339 1 Accrued interest 2,303, ,782 2 Tax payable 18 36,574 4,570 3 Other payables 19 5,986, ,987 I TOTAL LIABILITIES 177,383,850 22,164,668 IV Capital and reserves 94,497,295 11,807,736 1 Paidup capital ,661,400 12,577,958 2 Regulatory reserve fund 3 Business expansion fund 4 Foreign currency translation reserve 5 General provision for credit activities ,062 68,482 6 Retained earnings (6,712,167) (838,704) TOTAL CAPITAL 94,497,295 11,807,736 TOTAL L1ABILITES AND CAPITAL 271,883,657 33,972,716 7

17 Maybank Lao Branch BALANCE SHEET (continued) as at 31 December 2013 Code OFF BALANCE SHEET ITEMS Notes 31/12/2013 LAK'OOO 31/ USD equivalent I 1 Commitments Commitments for financing given to customers 62,958 7,867 TOTAL COMMITMENTS GIVEN 62,958 7,867 II Collaterals and Mortgages A 1 Collaterals and Mortgages for loans Collaterals and Mortgages for loans to customers 167,194, ,194,690 20,891,502 20,891,502 B 1 Collaterals and Mortgages for guarantees Collaterals and Mortgages for guarantees given to customers 62,958 62,958 7,867 7,867 COLLATERALS AND MORTGAGES 167,257,648 20,899,369 Reviewed by: Ms. Siliphone Vongsaphay Executive of Accounting and Finance Department Vientiane, Lao P.D.R 25 March

18 Maybank Lao Branch STATEMENT OF CHANGES IN EQUITY for the period from 5 November 2012 to 31 December 2013 Foreign I General currency Regulatory provision for translation Retained Paidup capital reserve fund credit activities reserve earnings Total ITEMS LAK'OOO LAK'OOO LAK'OOO LAK'OOO LAK'OOO LAK'OOO Balance as at 5 November 2012 Additional paidup capital in the period 100,661, ,661,400 Net loss for the period (6,712,167) (6,712,167) Created regulatory reserve fund for the period General provision charged during the period 548, ,062 Reversal of general provision during the period Foreign exchange difference Balance as at 31 December ,661, ,062 (6,712,167) 94,497,295 9

19 Maybank Lao Branch STATEMENT OF CHANGES IN EQUITY (continued) for the period from 5 November 2012 to 31 December 2013 ITEMS Paidup capital USD equivalent Regulatory reserve fund USD equivalent General provision for credit activities USD equivalent Foreign currency translation reserve USD equivalent Retained earnings USD equivalent Total USD equivalent Balance as at 5 November Additional paidup capital in the period 12,577,958 12,577,958 Net loss for the period (838,704) (838,704) Created regulatory reserve fund for the period General provision charged during the period 68,482 68,482 Reversal of general provision during the period Foreign exchange difference Balance as at 31 December ,577,958 68,482 (838,704) 11,807,736 Prepared b~ ~ Ms. Siliphone Vongsaphay Executive of Accounting and Finance Department Vientiane, Lao P.D.R 25 March

20 Maybank Lao Branch NOTE TO THE FINANCIAL STATEMENTS as at and for the period from 5 November 2012 to 31 December 2013 ITEMS Notes For the period from 5 November 2012 to 31 December 2013 LAK'OOO For the period from 5 November 2012 to 31 December 2013 USD equivalent Net profit after tax (6,712,167) (838,704) Adjustments for: Tax payable 18 36,574 4,570 Depreciation and amortization charges 1,579, ,314 Loan loss provision expenses ,181 70,246 Reversal of provision for credit losses 13.2 (14,119) (1,764) Cash outflows due to operating loss before changing in operating assets and liabilities (4,548,413) (568,338) (Increase)/Decrease in operating assets Balances with other banks Loans and advances to customers Accrued interest receivables Other assets Increase/(Decrease) in operating liabilities Deposits and borrowings from other banks Customer deposits and other amounts due to customers Corporate tax paid during the period Accrued interest payables Other liabilities Net cash flows from operating activities INVESTING ACTIVITIES Payments to acquire property and equipment Net cash flows used in investing activities (28,011,810) (109,612,477) (291,520) (3,773,883) 150,844,949 18,213, ,303,129 5,986,140 31,109,173 (8,202,430) (8,202,430) (3,500,164) (13,696,423) (36,427) (471,558) 18,848,550 2,275, , ,987 3,887,188 (1,024,919) (1,024,919) FINANCING ACTIVITIES Capital contribution Net cash flows from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the period Effect of foreign exchange difference 100,661, ,661, ,568,143 Cash and cash equivalents at the end of the period ,568,143 15,440,227 12,577,958 12,577,958 15,440,227 y Prepared by: Reviewed by: Siliphone Vongsaphay Executive of Accounting and Finance Department Vientiane, Lao PO.R 25 March