Vietnam Technological and Commercial Joint Stock Bank Interim coneobdsted nancial ttements under Ingernatona Financ! Regoring Standarde 0 une 2016Vietnam Technological and Commercial Joint Stock Bank ‘CONTENTS General ntormaton Report ofthe Board of Management Report on review of inrim consolidated trancal statements Inter consotiated statement of eof orloss Inte consolidated statement of ether cemprehensve income Inte consol statement of franca posion Inte consoliatad statement of changes in eal Inter consoled statement of cash hows Nes to the intern consodtedfancil statements Pages 0-11 we AL ae fey.Vietnam Technological and Commercial Joint Stock Bank (GENERAL INFORMATION THE BANK. \etram Technological and Commercial Joint Stack Bank Che Bank’) i¢ 8 cone jont stock Dank rogstered and incorporated inthe Seoat Repub af Vietnam ‘The Bank was incorporated purusnt to Guiness License No. O4OINH-GP issue bythe Governor ihe State Bank of Veta (the SBV") on € August 1989 and Busmess Regisrabon Carteate No, (0507 Issued by tha Hancl Daparent of Panning ara rwesiment on 7 September 1888, The ‘perating duraon 89 yours under Deen No, 330/25-NHS aaued by the SBV en 8 October 1097, ‘Te principal sites ofthe Bank are mcbising an racing stor, medlum and iong-toxm depost ‘unde rom ofganaton ang ingiduals, proving shor, medum ana longsorm Tears up fe the ature and capably ofthe Sank’ coil resources, condocungsellemet and cash sarees sn ‘ihe banking survoes as approved by the SBV.condicinginvetimentenaubeisarn,sscocales, Jointvenlres and other companies, imesiments In bonds nd dealng In foreign exchange Ih ‘sccordance wih snpleablerequatons, BOARD OF DIRECTORS Members ofthe Board of Decors of he Bank during the sont pee ended 30 June 2016 and Untthe date of those nti concondsted nana ttamonts ae os flows Nome Position ar Ho Hung Anh chairman Mr Nguyen Bang Quang “he ft Viee Chama (om 25 Merch 2016) Mamper (ut 24 Maren 2076) ‘ir Nguyen Tiew Quang Viee Caan ti Nguyen Cana Son ice Gnaeman tw De en Anh Vee Graiman Wir Cee Boon Hat Member Mr. Nguyen Dean Hung Independent Member BOARD OF SUPERVISION Members ofthe Boar of Supervision of he Bank ding the sitmenth peed ended 30 June 2018 ‘nd vt he date of tse term consolidated franca satorets ar a oows Nome Postion He Hoang Huy Tung Head of Board of Suparision cum Member in charge Ie. Mag Ree Soe Oze Romauch Hennes: Memeer Ms, Nguyen Ts Hen Mame chrge Ma. BUT Hong Mat MemserVietnam Technological and Commercial Joint Stock Bank (GENERAL INFORMATION corned) ‘BOARD OF MANAGEMENT ‘Memes of te Board of Management ofthe Bank during the sixrnonth period ended 30 June 2016 ‘bod un the date of thee rim conoltes hana atoms we 0 oNoWe Name Postion Nguyen Le Quoc Ann Deputy Cet Executive Offcerin charge (tem #Hexes 2018) Haas of Strategy and Corprate Development ‘ir, Yuldashey MuratMashraphoveh Chet Exsoutve Oe url 1 March 2016), Me Da Tuan Aan uy Chef Executive cer Ne Pham Quang Thang Deputy Chet Execuve Ofc cum Head of ‘Cemmplanon, Operational Rk Management ans Lagat Me. Nguyen Beng Thanh Head of Busnass Baning (vt June 2076), Ie: Nguyen Canh Vinh Heed of wrasse Banking Ne Viegh ran ‘Group Che Financai ow, Me Pan Thanh Son ead of Treasury ana Finacial Markots Ne. Phung Quang Hung Head of Sais and Disruton Ns. Pham Vu Minn Dan eas of Human Resources Mr Le 83 Dung Head of Rsk Management fis. Le Th Bien Phueng esd of Perenal nancial Services ‘Ms, Nguyen Th Van At Head of Neretng and Branding ir Crestor Gorst esd ofr na Operations LEGAL REPRESENTATIVE ‘The legal epresentatve of he Bank during the sicmonth period ended 30 une 2016 and unt the ‘ate of hee nto consoated ancl ttements & Mr Ho Hung Aa, te Chatman, Ne Nguyen Le Quoe An ie auhodsed by Mr Ho Hung Ath to sign off raprtstdocuments related io ‘managing tte operaton ofthe Gank which nude the aesormpanyng Iti consoldalad nancial ‘Saterens forthe sicmonth pared ended 30 June 2016 under Declson No. CST2UG-HOGT cated 25 February 2016. ‘AuDITOR ‘The autor ofthe Bank Ena & Young Vietnam Linked,Vietnam Technological and Commercial Joint Stock Bank [REPORT OF THE BOARD OF MANAGEMENT ‘The Boar of Management of Vetnam Technological and Commercial Jet Stock Bank (the Bank’) ‘Zpleased to precont report ana the niin consolidated financial Sateen of te Bank ands Subscaves forthe sh-morth petad ended 3D sure 2016, MANAGEMENT'S RESPONSIBILITY FOR THE INTERIM CONSOLIDATED FINANCIAL, ‘STATEMENTS “Tne Soars ot Management ofthe Banks responsible othe intr consolidates nancial statements ‘teach nanos period wien que a tue sa fa ew of na term consoled nares positon ot the Bank and ts eeiaties and ofthe Interim consoldated rel of the operators, tetera ‘consoled charger in egy ard ther monn coneleated cash fows forthe perod n preparing those interim conolested travel satomonts, se Board af Manageront rogues 16 >Select utble accounting nobis and hen apply them constr > ake jodgmants and atmates that ae reasonale and pusent Stata whether applicable accountng standards have been folowed, sublet to exy metri depanures disclosed and explanes nha rim consolidates Marcial statements; ana > Prepare the interim consolstd franca statements on the going concer bas unas IS ‘nappeeprate to presume that he Bark ard fs subsiaies Wi cortnue te BUSS, ‘The Board of Managements respensible for ensuring that proper accounting ecards ee kept which Those that he Bark and ts subslsleres, upon nial recognition, designate a avaible- foneaie, ot Those ferwhich he Bank ones subse mey ntreaover subetanally al fit ini Investment, cher han because of ect deterioration ‘Aor ital measurement these assats are subsequenty messuted al amorised cos using EIR ess allowance foramen: Arorised cos scutes by taking rt account any tdazountorpromvom on aoqusiton a ows and costs thal aren neal pa af the EIR. ‘Ihe smorisaion fe ieudes in Inerest and sor ieome In the icin corsoicatd Hatem of profit oles, The losses ring rom mpatmant are recognised nthe erin onesidsted satrnet of iter ise n"Inpalment losses on fancil asets° 8Vietnam Technological and Commercial Joint Stock Bank NOTES TO THE INTERIM CONSOLIDATED FINANGIAL STATEMENTS (ontned) asa and for he si monn prod ended 90 Jone 2018 3. ACCOUNTING POLICIES (coninuee) 33 Summary of signieant accounting polcios (contin) 32.2 Financia Instruments intl recognition and subsequent messurement(ontousd) (i) ad cebts sido Vietnam Asset Management Company (VAMC) “The Bank sold ba loans to VAN basad onthe bok value under Decision No, 53/20"3ND- CP utieh selective fom @ Juy 2013 on “Establenment, organaston ard operation cf Vietnam Asset Management Corpany, Creuar No. 12013/TT-NHNN efecive on 6 September 2013 pond "Regulion of purchase, sale ad handing bad debts of itnart Aetot anagemant Compeny Unde he book value method, the soling pice Setormnad bybalanes oF a bod det minus te unueesepecte provision nd willbe ‘ecelved frm of speci bond svedby VAMC. The main trme for seling bad debs fe VAM and recon Speea bonds by VAMC ince: During the term of special bends, the prnclpals or intrest recovered by the Bank (25 ‘Snrusta by VAMC) e° VAR Crocovery amour”) must be deposed ino blockaded ‘Ssounts oF VAMC athe Bane the Bank ha ahanceloane besos on special bonds, ‘ein'8 werking days of fo next quarter, VAMC uses he recovery mount ented by ‘he Banko repay refinancing loans of te Bank > Daring th term of special Bons cred instustons must make provision for loss of pedal bonds which so! ower than the faze val of bonds al due date ‘VAMC i rented fe for purchase and management of bed debs fhe Bank. “The Bane uses special bands to repurchase bad debis sold to VAMC according to book vate of VAMC at due dat ofthe bonds bas debs re not handed or uly recvere, ‘The Bank uses provision when nas been mace lo neti aganct balance of puchased debts and montors tne Getic nthe ftoaance sh Gen tne above tems and conditions. the Bank nas efectiely nol anslrred substantial "ek and reward fom fete loans ond preserves recovery ght ror cath flows aid Fon {hase leans, Therefore, thes loans are rol qualled fo be derecognzea and continue o be ‘ontoed inthe lan portfolio af he Bark Measurement ofthese ans is made say 12 Common fans fo estore. (0) Valuobe pspers issued ané ener bored turds Financial insurers Issued bythe Bank hat are not designate 3 fr value trough pot ‘rloee, are cated as labates under Valuable pape ssued and Entsted funds, whore ‘he substance of te contractual crangement results nthe Sark having sn obligato eter to debver cath or another thancia asat ote hece, oto sat De obligation oe han by the exchange ofa fed emount of eas or ance’ franca eset for 2 fxoe numberof fm equly shares. ‘Afr intial measurement, valable papers lstved and entrusted funds are subsaquenty ‘measured at amorteed coat using the ER, Amrteed coe cleulted by ang mo socount ‘ny besa premsan othe sub and cost tha are an agra par oho ER, ‘A compound tinancalnsvument which contains bah a ily and an equly components Separatos at tease dae. A porn of tenet proceeds ofthe nsumer is alocated tote ‘bt component onthe dae of save based on ts far vale (fich is general eletries ‘Dated on the quoted marke pees fr sila” debt instrument). The equty componente [esignad the ressul amount ater doduting fom the fa valve ote stron a a whole ‘he amount separaiely determined forthe dabt component. The value of any cervalve features (euch as 9 eal option) embedded Inte compound farclalinsrumert cb than the aquty componente mluded i the det component 19