In the pictures are the the balance sheet and income statement of a bank
Read the key items and performance indicators.
Explain: what are their trends compared to last year? why are these indicators important for monitoring?
CONSOLIDATED STATEMENT OF INCOME (VND MILLION) Growth Growth 31/12/2017 31/12/2018 31/12/2019 rate in rate in 2018 (%) 2019 (6) Net interest income 21,937,546 28,408,516 34,577,350 29.50 21.71 Net fee and commission income 2,538,209 3,402,492 4,306,844 34.05 26.58 Net gain from trading of foreign currencies 2,042,417 2,266,429 3,378,274 10.97 49.06 Net gain from trading securities 476,400 250,462 145,982 -47.43 -41.71 Net other income 2,099,530 3,234,365 3,069,795 54.05 -5.09 Income from capital contributions and equity investments 331,761 1,716,169 245,096 417.29 -85.72 TOTAL OPERATING INCOME 29,406,121 39,278,433 45,730,381 33.57 16.43 TOTAL OPERATING EXPENSES 11,866,345 13,611,094 15,817,575 14.70 16.21 VIll. Net operating profit before allowance for credit losses 17,539,776 25,667,339 29,912,806 46.34 16.54 Allowance for credit losses 6,198,415 7,398,113 6,790,429 19.35 -8.21 PROFIT BEFORE TAX 11,341,361 18,269,226 23,122,377 61.08 26.56 Corporate income tax expenses 2,230,773 3,647,164 4,596,389 63.49 26.03 NET PROFIT AFTER TAX 9,110,588 14,622,062 18,525,988 60.50 26.70 Non-controlling interest 19,518 16,484 15,090 -15.54 -8.46 Net profit for the year 9,091,070 14,605,578 18,510,898 60.66 26.74 Basic earnings per share (VND/share) (restated) 1,994 3,584 4,481 79.74 25.03VIETCOMBANK PART A Consolidated Balance Sheet (VND million) GROWTH RATE Growth Growth 31/12/2017 31/12/2018 31/12/2019 rate in rate in 2018 (6) 2019 (96) A. ASSETS Cash on hand, gold, silver and gemstones 10,102,861 12,792,045 13,778,358 26.62 7.71 Balance with the State Banks 93,615,618 10,845,701 34,684,091 -88.41 219.80 Balances with and loans to other credit institutions 232,973,403 250,228,037 249,470,372 7.41 -0.30 Trading securities 9,669,033 2,654,806 1,801,126 -72.54 -32.16 Derivative financial instruments and other financial assets 832,354 275,983 98,312 -66.84 -64.38 Loans to customers 535,321,404 621,573,249 724,290,102 16.11 16.53 Investment securities 129,952,272 149,296,430 167,529,689 14.89 12.21 Capital contributions, long-term investments 3,552,828 2,476,067 2,464,493 -30.31 -0.47 Fixed assets 6,162,361 6,527,466 6,710,443 5.92 2.80 Other assets 13,111,149 17,356,776 21,891,872 32.38 26.13 TOTAL ASSETS 1,035,293,283 1,074,026,560 1,222,718,858 3.74 13.84B. LIABILITIES Amounts due to the Government and the State Banks 171,385,068 90,685,315 92,365,806 -47.09 1.85 Deposits and borrowings from other credit institutions 66,942,203 76,524,079 73,617,085 14.31 -3.80 Deposits from customers 708,519,717 801,929,115 928,450,869 13.18 15.78 Funds for finance, entrusted investments and entrusted loans 23,153 25,803 20,431 11.45 -20.82 Valuable papers issued 18,214,504 21,461,132 21,383,932 17.82 -0.36 Other liabilities 17,650,679 21,221,737 25,997,753 20.23 22.51 TOTAL LIABILITIES 982,735,324 1,011,847,181 1,141,835,876 2.96 12.85 C. SHAREHOLDERS' EQUITY Capital 36,321,931 36,322,343 42,428,820 0.001 16.81 Reserves 7,253,682 9,445,732 12,186,141 30.22 29.01 Foreign exchange differences 94,485 84,450 16,361 -10.62 -80.63 Differences upon asset revaluation 83,285 119,178 113,011 43.10 -5.17 Retained profits 8,715,252 16,138,687 26,055,190 85.18 61.45 Non-controlling interest 68,989 89.324 83,459 29.48 -6.57 TOTAL SHAREHOLDERS' EQUITY 52,557,959 62,179,379 80,882,982 18.31 30.08 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,035,293,283 1,074,026,560 1,222,718,858 3.74 13.84
