2013 annual report

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2013

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  • 2013

  • 2 - 2013

  • - 2013 3

  • 4 - 2013

    , , , .

  • - 2013 5

    , , .

  • , , , , , .

    2 179.6 , 652.3 3 230.9 . 50 123.3 , 143.9 .

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    6 - 2013

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    , 2013 .

    2013 32.8 , 54 20.7 , 66.5 , 17 11.7 . 1 686 . , , , , , , , . 3 230.9 18.4 . 35.1 , 17.7 .

    2013 , - , , .

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    - 2013 7

  • 2 2013 9 461 24.2 .

    , , .

    () 2013 17.6 . - 14.4 , 26.6 , 2.6 , 44 , 12.4 .

    - 11.7 , , , .

    2012 517.9 2013 803 . 3.6 5.1 . 2013 477 , 399.5 66.5 .

    , 5 927.6 19.6 , 6 178 3.1 250.4 4.1 .

    2013

    - ()

    :

    11.7%12.4%

    6.4%

    17.5%

    201220112010

    :

    2013201220112010

    5291,036

    250

    5,928

    4,958 4,9974,468

    3,0813,122

    5,994 6,178

    18.8%

    24.2%

    62.5%

    2013201220112010

    37.0%

    9,461

    7,617

    6,412

    4,682

    :

    8 - 2013

  • () 2013 12.5 . , 16.2 , 20 , 16.2 , 16.3 , 17.6 , 27.2 . 2013 .

    2013 , . - 5 .

    :

    12.5%

    14.0%13.0%

    10.2%

    -

    2013201220112010

    :

    1,7812922,354

    2,082

    6,7386,598

    4,2734,385

    4,818

    3,2002,909

    6,355

    2013201220112010

    .

    2013 10 627.4 . 4.5 . 4 272.7 . 2.6 , 6 354.7 . 5.7 . 2 82 . .

    2013 32.8 1.1 . 41 13.2 , 22.9 , 53.4 , 2.5 . , 15.6 , 21.3 .

    2013 54 2 47 . . , , . . 1,392 1,659 19.2 .

    :

    2013201220112010 .

    2,047

    4,452

    1,691

    4,715

    - 2013 9

  • 20 883.7 8 891.5 74.1 . - 2012 85.6 2013 119 .

    , 10 26.6 26.8 . 10 764.2 3 773.6 54 . 2012 88.4 2013 107.4 .

    16.5 , 16.3 , 13.6 , 12.4 .

    18 , 12.9 1 , 3 . 5.3 .

    1 323.8 338 34.3 .

    ,

    10.1%

    29.0% 16.5%

    12.4%

    2.1%

    16.3%

    13.6%

    :

    :

    /

    119.0%

    11,992

    20,884

    9,372

    6,246

    2013201220112010

    84.5%74.2%

    85.6%

    254 134 65.8 97.6 , 10 1 , 98.6 . 47.1 32.6 .

    1 670.5 7.2 . 20 16,301.8- 17,714.5- 8 .

    :

    2013201220112010

    1,671

    1,800

    1,374

    2,169

    10 - 2013

  • 17 126.4 18.8 17.5 .

    2013 93.9 18.9 . 5.3 2.9 35.4 .

    2013 263 381.1 129 51.2 .

    2013 29.8 11.3 60.6 .

    141 , , .

    , 73.8 6.1 9 .

    :

    126

    57

    2013201220112010

    81

    108

    ,

    7468

    49

    2013201220112010

    62

    :

    :

    381

    252

    129

    2013201220112010

    205

    - 2013 11

  • 12 - 2013

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    , , . , .

    2010 7 20- . 2011 2 10- , , , , . - .

    - 2013 13

  • 14 - 2013

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    - 9 8 . - 3 , , , . , , .

    , 2011 8 30- 2013 5 25- 192 , - 2013 7 16- 44 , 100 - .

    - , - .

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    - 2013 15

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    16 - 2013

  • , , , , - 2012 12 24- 54 . 4 , 13 , 5 , 74 .

    ( )

    -

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    - 2013 17

  • 2011 5 12 .

    2011 8 30 , . , . .

    2012 3 21 580 . . , , , 580 . 5 , 5.75 .

    2012 6 15 . 2012 55 6 2012 50 .

    2012 8 6 . 2012 47, 110, 106, 336, 124, 105 2012 202.5 1280 .

    2012 10 5 2012 148 2012 - 100 . . , .

    18 - 2013

  • 2012 12 31 . 2012 Best Debut Bond .

    2013 5 7 , 2013 5 B767-300ER . - . - . 2012 6 20- 5,341,500 ., 2013 5 7- 137 78,550,000 . , 83.9 . .

    2013 5 18 2013 5 18- 180 , -1 14.0 . 2013 , .

    2013 11 18 , , Inside Mongolia 2013 11 18- 2014 2 1- . 5 90 , 30 . 2,887,500 www.bloomberg. com .

    2013 9 9 . 2013 9 9-12 (, JBIC)- .

    - 2013 19

  • 143.9

    67.0

    49.1

    201320122011

    26.9

    -0.6

    -5.7 201320122011

    2,179.6

    493.6

    201320122011

    3,230.9

    201320122011

    76.9

    888.1

    2013 12 31- 3 230.9 2 342.7 3.6 . 1 686 .

    2012 580 . 5.75 , 5 . 2013 1 987.2 . 2018, 2022 . 2 179.6 .

    ( ) 50 143.9 2.1 . 42 6.2 , 4.6 , 17.7 .

    2013 12.8 5.5 , 2011 2 . 67.5 , 20.2 . 64.4 ( ), 31.5 , 4.1 .

    20 - 2013

  • (ROE)

    201320122011

    , , , , , , , , . , .

    37.1%

    33.1%

    24.5%

    5.3% ,

    , ,

    64.4%

    31.5%

    4.1%

    -1.2%

    -8.5%

    18.7%

    201320122011

    -0.8% -0.6%

    0.8%

    201320122011

    3.0%

    -0.2%

    2.4%

    (ROA)

    (NIM)

    (CAR)

    201320122011

    8.9%

    18.3%

    12.8%

    . .

    67.5%

    20.2%

    11.7%0.6%

    ,

    ,

    30.7%

    16.0%

    13.5%

    12.4%

    5.7%

    5.6%

    4.4%4.4%

    3.1%4.2%

    - 2013 21

  • ( )

    2013 2012 2011

    3,230.9 888.1 76.9

    379.5 216.5 75.8

    652.3 168.9 0.0

    2,179.6 493.6 0.0

    6.0 2.3 0.0

    3.8 0.0 0.0

    0.6 0.2 0.2

    0.8 0.7 0.8

    8.2 5.9 0.0

    3,087.0 821.1 27.8

    16.3 0.0 0.0

    0.4 0.5 1.1

    0.0 3.3 0.0

    111.0 0.0 0.0

    972.1 817.3 26.6

    1,987.2 0.0 0.0

    143.9 67.0 49.1

    123.3 73.3 49.7

    20.6 (6.3) (0.6)

    3,230.9 888.1 76.9

    ( )

    2013 2012 2011

    /() 42.0 (0.8) 0.1

    131.1 12.9 0.3

    (89.1) (13.7) (0.1)

    (6.2) - -

    2.0 0.0 -

    /() 1.9 (5.8) 0.0

    (4.6) (1.7) (0.7)

    /() 35.1 (8.3) (0.6)

    ()/ (8.2) 2.6 -

    /() 26.9 (5.7) (0.6)

    2013 2012 2011

    (ROE) 18.7% -8.5% -1.2%

    (ROA) 0.8% -0.6% -0.8%

    (NIM) 2.4% -0.2% 3.0%

    (CAR) 12.8% 18.3% 8.9%

    22 - 2013

  • - 2013 23

  • , , , , , , , , . 2 184 4.4 . 62.7 , 37.3 . , 30.7 , 16.0 , 13.5 , 12.4 , 5.7 , 5.6 , 4.4 , 4.4 , 3.1 , 4.2 .

    24 - 2013

  • (2013 12 31- )

    754.0 614.6 1,368.6 350.1 319.4 669.5 47.9 - 47.9 93.8 2.7 96.4 4.0 119.2 123.2 258.3 37.2 295.5 - 96.6 96.6 - 3.3 3.3 - 36.2 36.2 358.6 456.7 815.3 4.8 - 4.8 - 348.6 348.6 60.0 6.7 66.7 , 270.7 - 270.7 23.2 101.3 124.5 1,112.6 1,071.3 2,184.0

    - 30.9 , 29.8 , 11.1 , 9.5 , 9.0 , 3.5 31.5 , 24.3 , 23.2 , 8.4 , 5.4 .

    37.1 , , 33.1 , , 24.5 , , , 5.3 .

    ( )

    ,

    30.9%

    29.8%

    11.1%

    9.5%

    9.0%3.5%

    6.2%

    31.5%

    24.3%

    23.2%

    8.4%

    5.4%7.2%

    - 2013 25

  • ,

    266.6

    ,

    ,

    437.1

    ,

    385.4

    556.4

    181.5

    43.9

    110.7

    892.1

    258.9

    45.3

    234.5

    846.9 534.0

    44.6

    690.6

    :

    :

    :

    757.5

    578.4

    ( 3 )

    26 - 2013

  • 424.0

    ,

    320.4

    193.0

    106.8

    263.3

    143.9

    275.4

    33.0

    90.0

    82.2

    26.6

    80.0

    0.5

    56.2

    417.8

    0.8

    122.0

    :

    :

    :

    .

    (2013 12 31- )

    - 2013 27

  • ( )

    ( )

    %

    (%)- 107 45.5 45.5 44.3 97% 100%

    - 11 31.7 31.5 26.4 84% 23%- 100 37.4 37.4 32.9 88% 97%- 204 72.4 72.4 56.8 78% 100%- 100 21.5 21.5 17.1 80% 95%- 128 35.7 35.7 30.2 85% 100%- 165 82.6 82.6 59.3 72% 75%- - 90 3.2 3.2 3.1 97% 5%- 296 137.3 137.3 96.7 70% 73%- 90 49.5 49.5 33.6 68% 23%- 67 38.5 38.3 17.3 45% 50%- 238 133.5 133.5 42.5 32% 61%-- 178 87.8 87.8 43.4 49% 89%- 127 62.9 62.9 17.9 28% 15%- 100 46.4 46.0 13.9 30% 0% 2,001 885.7 885.0 535.4 60% 68%

    , , , , .

    - 2010 6 25- 36 , , , 2016 5,572 2013 , , , , , , . 570.0 5 ( ) . 2013 , . 75 , 61 , 73 2014 3 .

    , .

    27 2013 12 31- 339.4 , 14 10.7 . 570.0 350.1 61.0 . , , . :

    2013 1,800 2005-2012 8 1,712 4.8 .

    4 41.3 . , 3.2 8 .

    28 - 2013

  • (

    )

    ( )

    %

    (%) 2 3.3 3.3 3.1 94% 100% 1.1 1.1 1.1 0.9 82% 100%

    1 1.7 1.7 1.5 87% 100%

    0.3 1.5 1.5 1.4 94% 100%

    116 2.0 2.0 1.9 95% 100% -

    17.6 26.0 24.4 15.2 62% 60%

    4 - 4.5 12.5 12.5 11.6 92% 100% 4

    30.8 30.8 6.2 20% 5%

    -5 3.2 7.2 7.2 6.8 95% 100%- -7 1.9 3.5 3.5 3.3 95% 100% --

    1.3 1.5 1.5 1.4 96% 100%

    2.3 3.5 3.5 3.3 95% 100% -

    3.4 4.5 4.5 3.7 83% 100%

    -

    2 3.4 3.0 2.8 94% 100%

    - 4 6.6 5.7 7.6 135% 100% ,

    35/ 1.2 1.2 0.5 45% 70%

    - 6 6.7 - - 0% 0% 50.6 117.0 107.6 71.3 66% 90%

    44.6 .

    , 17 34.9 , 4 2.4 , 0.3 .

    - 2013 29

  • 20

    -

    -

    - 90 : 49.5

    - 100 : 45.0

    - 128 : 54.4

    - 107 : 45.4

    - 100 : 42.9

    - 67 : 38.2

    2013

    21

    -

    ---

    -

    -

    -

    - 238,4 : 111.3

    - 104 : 49.1

    - 296 : 137.3

    -- 177,9 : 87.8

    - 100 : 37.2

    - 127.1 : 62.9

    - 165,3 : 82.6

    2013

    2013 ,

    30 - 2013

  • 21

    -

    ---

    -

    -

    -

    - 238,4 : 111.3

    - 104 : 49.1

    - 296 : 137.3

    -- 177,9 : 87.8

    - 100 : 37.2

    - 127.1 : 62.9

    - 165,3 : 82.6

    2013

    - 2013 31

  • 2013 3 7- 81 , , , .

    , , 47.9 .

    33 2013 18 2 . 2 .

    , - , , , , , 2013 18 , 2 20 .

    32 - 2013

  • 2013 118 , , 92 . 416.8 200.0 .

    2013 6 , 198.7 , - , 224.7 38 . 210.6 34 , 95.0 93.8 .

    38 11 31 67.5 5 , . 6 90- .

    , 7 1,210.4 78,304 , , 70,920 , 18,225 , 10,480 , 16,450 . 8 459.02 5,142 , 2,880 , 4,400 .

    - 2013 33

  • 2012 121, 93, 161 , 2013 28, 82, 55 200.0 . - 267 156.1 . 2013 . 2 , , . 55.0 . - 267 22.5 . 2013 .

    - 2016 30.0 . , , .

    2 , , .

    34 - 2013

  • 2012 148 161 - 200.0 . 2012 100.0 ., 2013 100.0 . .

    , . - 2 .

    -

    - 2013 35

  • 2013 80, 261 50.0 . , 1.9 . 2013 .

    450 - . 2014 , 2015 , 2017 .

    , , . , .

    2013 375 491.7 . 2013 .

    2014 , , 2015 , 2019-2020 .

    . , . - 10.0 . .

    36 - 2013

  • III

    142 III 50 - 35.0 . 28.0 . 2013 .

    - 50 - , , , , , , .

    III 2014 5 186 , 585 /- 1 74.7 36 , , , .

    IV

    2012 99, 119 IV 100 - 70.0 . 1.9 . 2012 , 42.1 . 2013 .

    IV - -120/130-130-8 120 - , .

    IV 2014 11 500 ., 400 / 10 2 .

    2013 155 300 / 75.9 . , . 348 - .

    2014 12 , . .

    III

    - 2013 37

  • - I

    2013 263 - I 1,764 - 72.0 , 60.0 .

    567 9 , .

    () - 189

    - 2012 , 1.5 . 60.0 , - , 567 9 .

    , 40 1 1,280,000 .

    38 - 2013

  • 1152

    Viva city 10 1152 10 576 5 6.8 .

    , , , .

    ,

    , 100,000 2011 246 3955 - - . 2012 - 83.9 . . - - .

    2008-2012 , , .

    6

    , 2010 36 , 2011 138, 341 6 2012 , 50.0 2013 30.0 . , , , 1868 .

    - I

    - 2013 39

  • - - 2 , - 2012 61.3 . .

    2013 . 2014 4- . , 40 .

    .

    - -

    40 - 2013

  • -1

    , 2013 180 - -1 14.0 . . , 14.0 . .

    43.2 . , , Commerzbank, UniCredit, Standard Chartered - Commerzbank- , Basic Loan Agreement, Individual Loan Agreement- , . 13.2 Commerzbank- , - .

    -1 , , . 150,000 3 5,000 , , , , .

    -1

    - 2013 41

  • -

    2013 10, 283 18.6 18.3 2013 .

    8 , 1 2013 9 . 2014 1 .

    13 , 10 , 11 .

    4.5 , , .

    2013 76 , , 2013 14.1 3.3 2013 .

    , , , 450 - , , , .

    1- , . , 2,700 , , , .

    42 - 2013

  • -

    2013 137, 383 - 737-300ER 115.0 . .

    2012 5.3 . , 2013 137 84.2 . . - , 2.9 . .

    - / /, , , , - - - .

    - , , .

    -767-300ER

    - 2013 43

  • ,

    2013 126 141 4.5 172.4 . .

    , , , 5 , 269.0 . 189 , 51 91.6 . 51 36 44.5 .

    , , , , , , , , .

    , 9 , , , , 62 36.5 .

    , , , , , .

    , 980.0 . .

    , .

    44 - 2013

  • . 2013 .

    ( ):

    2013 (JBIC) 30 10 , 2011 . . (: S&P/Moodys - AA-/Aa3) 95 1.52 .

    2013 12 25-

    30

    -

    30

    10

    1.52% ()

    . .

    - :

    2012-2016 , 2020 - - -767-300ER 83.9 . . - .

    :

    , 2013 -1 13.1 - . Ebawe 17,350,000 . 30

    70 Euler Hermes- 5 - .

    13,115,000

    60

    6 EURIBOR +1.90%

    - 2013 45

  • , , , .

    2011 , , , . . , .

    , , Inside Mongolia 2013 11 18- 6 .

    , , 5 4900 . :

    2,887,500 www.bloomberg.com . www.bloomberg.com, www.businessweek.com , , .

    46 - 2013

  • 2011 8 24- :

    - , - (Export Import Bank of China) , .

    -

    , - (GAUFF En- gineering) , - , .

    2011 12 6- :

    , (Kuwait Investment Authority) , , .

    , (Kuwait Fund for Arab Economic Development) , .

    2012 3 12- :

    (SMBC)

    - (SMBC) , , , .

    2012 3 21- :

    - (ChIna DeVelopMent Bank)

    , - (China Development Bank) , , , .

    - 2013 47

  • 2012 5 1- :

    -

    , - (EXIM Bank of the United States of America) . - , , , , . - , , , , , .

    2012 10 10- :

    - (Greater Tumen Initiative) , , .

    2013 9 12- :

    (JBIC)

    , , , , , , , .

    2013 12 25- :

    - (ChIna DeVelopMent Bank)

    - III , - , .

    , :

    , 30 , , , , , - .

    GTI

    48 - 2013

  • 2013 , , , , .

    (GtI)

    2012 . , . , , , (UNDP) .

    14 2013 10 29- 31- , , 100 . , , 2014 , .

    , (aDFIap)

    , (ADFIAP) , 45 121 . ADFIAP- 36 . 2013

    , , , , , , , .

    , , - , ,

    .

    GTI

    - 2013 49

  • , , 2013 . , , , , () , .

    , , , , , .

    2013 , , , , . , , . , , , , , , .

    , , , , .

    2013 2 185.8 4.4 . 60.4 . 2013 94 , 0.2 , 5.8 . 6 224.8 . 2013 5 1 78.7 49 .

    2013 , , , , , .

    - 5 , , , , - . .

    , , , , 50 , 80 . 2013 . () 2013 .

    50 - 2013

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    .

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    2013 , , , . :

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    ,, ,

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    - 2013 51

  • 52 - 2013

  • 53

  • 55

    1. 2. 3. 4. 5. , 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. , 21. 22. 23. 24. 25. 26. 27. 28.

  • 56

    , , 6 , 601 2, -8, 14200, : +976 70009089, : +976(11)322068, www.pwc.com/mn

  • 57

    .

  • 58

    2013 12 31-

    2013 2012 ( )

    18 131,059,558 12,878,274

    19 (89,057,610) (13,695,488)

    /() 42,001,948 (817,214)

    8 (6,224,792) -

    /()

    35,777,156 (817,214)

    2,000,002 4,060

    /() 20 1,913,578 (5,771,355)

    21 (4,593,890) (1,703,320)

    /() 35,096,846 (8,287,829)

    ()/ 22 (8,209,258) 2,581,867

    /() 26,887,588 (5,705,962)

    /() 26,887,588 (5,705,962)

    2013 12 31-

    2012 1 1-

    17 49,700,000 (602,190) 49,097,810

    - (5,705,962) (5,705,962)

    - (5,705,962) (5,705,962)

    17 23,600,000 - 23,600,000

    2012 12 31-

    17 73,300,000 (6,308,152) 66,991,848

    - 26,887,588 26,887,588

    - 26,887,588 26,887,588

    17 50,000,000 - 50,000,000

    2013 12 31-

    17 123,300,000 20,579,436 143,879,436

    .

  • 59

    2013 12 31-

    2013 2012 ( )

    /() 35,096,846 (8,287,829)

    :

    203,988 149,868

    6,224,792 -

    372,892 34,913,681

    2,087 -

    (131,059,558) (12,878,274)

    89,057,610 13,695,488

    -

    23,325,423

    23,244,078 27,592,934

    (475,005,213) (160,282,560)

    (1,496,584,570) (492,228,742)

    (821,833) (2,281,848)

    16,270,435 7,013

    113,686,530 -

    (131,848) (633,905)

    (1,819,362,422) (627,827,108)

    (17,665,438) -

    95,391,193 28,062,104

    (85,571,417) (24,846,075)

    (1,827,208,084) (624,611,079)

    .

  • - 2013 12 31- ( )

    60

    2013 12 31-

    2013 2012 ( )

    (1,827,208,084) (624,611,079)

    (457,310) (117,265)

    (148,038) -

    (605,348) (117,265)

    50,000,000 23,600,000

    1,964,069,754 -

    112,613,993 769,717,076

    (135,939,416) (28,019,600)

    1,990,744,332 765,297,476

    ,

    62,127 81,328

    162,993,027 140,650,461

    216,468,206 75,817,745

    379,461,233 216,468,206

    .

  • - 2013 12 31- ( )

    61

    1.

    ( ) , 2010 7 20- 195 2011 2 10- 2011 3 25- , , 2011 5 . , .

    , , . , , , .

    . . 2011 5 16.7 . 2011 12 33 , 2012 12 23.6 2012 12 31- 73.3 . 2013 7, 8, 9 10.0 , 5.0 35.0 123.3 .

    21.1- , .

    , . , .

    2013 7 . 74 (2012 43 ). , 15170, 4/4, , 2-3 .

    - .

    2014 3 14- .

    . 2010 2011 , - 2012, 2013 .

    2013 10 3- 2013 11 1- .

  • - 2013 12 31- ( )

    62

    , . , , , , , , , .

    ( 26- ). - , , , , , , .

    , .

    . .

    .

    2.

    () , . . .

    .

    , .

  • - 2013 12 31- ( )

    63

    .

    . - . 2012 12 31- , , , .

    2012 12 31- 2,350 1,872 , 478 6,771 . 2012 01 01- 108 .

    2012 12 31- 12,896 , 2012 01 01- 102 - . 2012 12 31- 12- 13- .

    . - - 2012 12 31- - , 590 . 2012 12 31- 12- 13- .

    , . 2012 12 31- , - , 2,330 , . 2012 12 31- 12- 13- .

    : 2013 - , 2012 23,957 ( 13 ) 20- . 2012 12 31- - . , 2012 12 31- 12- 13- .

    : 2013 . 25 . 10 .

  • - 2013 12 31- ( )

    64

    2,475 . 12- 13- .

    : 2013 2012 2012 12 31- 3,314 . . 2012 12 31- 12- 13- .

    : 2012 01 01- 9,000 , - , . 2012 01 01- 3 .

    . 2013 /() /()- . - 5,767 /() , 4 /() . 2012 12 31- , 12- 13- .

    /(). 2013 - - 2,168 20- . /() 2012 12 31- . 2012 12 31- .

    : 2013 - . 158,410 3,275 . .

  • - 2013 12 31- ( )

    65

    2012 12 31- .

    2012 12 31

    ( )

    2012 12 31

    ( )

    215,990,270 477,936 6 216,468,206

    167,052,000 1,872,490 7 168,924,490

    489,704,568 3,851,399 8 493,555,967

    9,121,272 (9,121,272) 8 -

    2,285,515 - 9 2,285,515

    234,558 - 10 234,558

    726,688 - 11 726,688

    3,465,282 2,475,078 22 5,940,360

    888,580,153 (444,369) 888,135,784

    6,960 - 12 6,960

    3,425,136 (2,919,447) 12 505,689

    - 3,313,560 22 3,313,560

    12,896,260 (12,896,260) 14 -

    804,421,467 12,896,260 14 817,317,727

    820,749,823 394,113 821,143,936

    73,300,000 - 17 73,300,000

    (5,469,670) (838,482) (6,308,152)

    67,830,330 (838,482) 66,991,848

    888,580,153 (444,369) 888,135,784

  • - 2013 12 31- ( )

    66

    2012 12 31- .

    2012 ( )

    2012 ( )

    36,787,338 (23,909,064) - 18 12,878,274

    (37,652,609) 23,957,121 - 19 (13,695,488)

    /() (865,271) 48,057 - (817,214)

    48,057 (48,057) - -

    - - 4,060 4,060

    - - (5,771,355) 20 (5,771,355)

    (7,470,614) - 5,767,295 21 (1,703,320)

    (8,287,829) - - (8,287,829)

    3,420,349 (838,482) - 22 2,581,867

    (4,867,480) (838,482) - (5,705,962)

    (4,867,480) (838,482) - (5,705,962)

  • - 2013 12 31- ( )

    67

    2012 12 31- .

    2012 ( )

    2012 ( )

    /() (4,867,480) - (3,420,349) (8,287,829)

    : -

    (3,420,349) - 3,420,349 -

    149,868 - - 149,868

    34,913,681 - - 20 34,913,681

    (36,787,338) 23,909,064 - 18 (12,878,274)

    37,652,609 (23,957,121) - 19 13,695,488

    27,640,991 (48,057) - 27,592,934

    - - (160,282,560) 6 (160,282,560)

    (488,377,343) (3,851,399) - 8 (492,228,742)

    (2,281,848) - - 9 (2,281,848)

    - - 7,013 12 7,013

    2,292,555 (2,919,447) (7,013) 12 (633,905)

    (460,725,645) (6,818,903) (160,282,560) (627,827,108)

    24,786,520(24,846,075)

    --

    3,275,584-

    28,062,104(24,846,075)

    (460,785,200) (6,818,903) (157,006,976) (624,611,079)

  • - 2013 12 31- ( )

    68

    2012 ( )

    2012 ( )

    (460,785,200) (6,818,903) (157,006,976) (624,611,079)

    (117,265) - - 10 (117,265)

    (158,410,070) (1,872,490) 160,282,560 7 -

    3,275,584 - (3,275,584) 18 -

    (155,251,751) (1,872,490) 157,006,976 (117,265)

    23,600,000 - - 17 23,600,000

    769,717,076 - - 14 769,717,076

    (28,019,600) - - 14 (28,019,600)

    765,297,476 - - 765,297,476

    ,

    20,232 61,096 - 81,328

    149,280,758 (8,630,297) - 140,650,461

    66,709,512 9,108,233 - 6 75,817,745

    215,990,270 477,936 - 6 216,468,206

  • - 2013 12 31- ( )

    69

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    73

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  • - 2013 12 31- ( )

    78

    . 19, 20- 24 4 2012 12 31 2013 12 31- . 20- . . 2 20- .

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    , , . ( ) 2- .

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  • - 2013 12 31- ( )

    79

    5. ,

    2013 1 1- :

    10, (2011 05 , 2013 01 01- ) 27 -12 . 10 . . .

    11, , (2011 05 , 2013 01 01- ), 31 -13 . .. . . .

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  • - 2013 12 31- ( )

    80

    1- , (2011 06 , 2013 07 01- ) . 1- . .

    19, (2011 6 , 2013 01 01- ), , , . , () : (i) ; (ii) . .

    7- , (2011 12 , 2013 01 01- ). . .

    (2012 05 , 2013 01 01- ). . 1- : (i) - - - 1- - ; (ii) 23 - .

    1- , , . 16- . 32- 12- . 34- 8- . 34 . .

    10, 11 12- (2012 6 2013 01 01- ). 10 . 10- 10- 10- 27 12- ( 10- 2013 2012 ).

    10, 11 12 - . , 12- . .

  • - 2013 12 31- ( )

    81

    : 20, . , . 1- (2013 03 , 2013 01 01- ). - . .

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  • - 2013 12 31- ( )

    82

    10, 12 27- (2012 10 31- 2014 1 1- ). : (i) , (ii) (iii) , . , . .

    21 (2013 5 20- 2014 1 1- ). . . . . . .

    36- (2013 05 2014 01 01- ; 13- ). . .

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    19- : (2013 11 2014 07 01- ) . .

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    3 . : (1) 32 (2) , . 3-

  • - 2013 12 31- ( )

    83

    2014 07 01- .

    8 . : (1) , (2) .

    13- 13- - 39 , . 16 38 .

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    14 (2014 01 2016 01 01- ). 14 - . - , . - . .

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  • - 2013 12 31- ( )

    84

    6.

    2013 12 31 2012 12 31 ( )

    6,589 6,132

    418,732 31,672,320

    21,293,060 31,358,100

    357,742,852 153,431,654

    379,461,233 216,468,206

    , , .

    . 2013 12 31- 8.0-10.5 , . 3.0 (2012 : 8.0-11.5 , . 4.5-6.5 ) .

    , 3 .

    , . 2012 12 31 2013 12 31- .

    2013 12 31 2012 12 31 ( )

    ,

    -1 418,732 31,672,320

    1 208,905,738 80,940,815

    170,130,174 103,848,939

    ( )

    379,454,644 216,462,074

    . ( ) , .

  • - 2013 12 31- ( )

    85

    7.

    (3 , ), 8.5-12.0 , . 5.0-5.4 .

    2012 12 31 2013 12 31- , .

    2013 12 31 2012 12 31 ( )

    1 534,141,815 140,712,501

    118,196,212 28,211,989

    652,338,027 168,924,490

    . ( ) , .

    8.

    2012 12 31 2013 12 31- . :

    2013 12 31 2012 12 31 ( )

    1,321,250,545 256,215,623

    864,564,549 237,340,344

    2,185,815,094 493,555,967

    : (6,224,792) -

    2,179,590,302 493,555,967

    2013 12 31- 1,937,970 12 (2012: 418,202 ).

    , .

  • - 2013 12 31- ( )

    86

    , , .

    , .

    2013 9 10- 319 - .

    2013 12 27- , 12 30- . . . . ( 9- ) . . 356 252 . . 61.3 , . 20- .

    2013 12 31- .

    , :

    - 1,321,250,545 733,423,880 2,054,674,425

    ,

    1,321,250,545 733,423,880 2,054,674,425

    :

    - 30 : - 4,778,921 4,778,921

    - 4,778,921 4,778,921

    :

    - 126,361,748 126,361,748

    - 126,361,748 126,361,748

    : - (6,224,792) (6,224,792)

    1,321,250,545 858,339,757 2,179,590,302

    B1 . , .

    2013 12 31- 5 1,078,746 (2012 12 31- 394,898 ) 49 (2012 12 31- 80 )- .

  • - 2013 12 31- ( )

    87

    2012 12 31- .

    , :

    - 256,215,623 237,340,344 493,555,967

    256,215,623 237,340,344 493,555,967

    , . .

    .

    2013 (2012 ) .

    2013 12 01-

    - - -

    - 6,224,792 6,224,792

    2013 12 31-

    - 6,224,792 6,224,792

    (i) ( ) (ii) ( ) .

    2013 12 31- .

    :

    - 1,321,250,545 339,160,662 1,660,411,207

    - - 308,836,172 308,836,172

    - - 216,567,715 216,567,715

    ( )

    1,321,250,545 864,564,549 2,185,815,094

  • - 2013 12 31- ( )

    88

    .

    2012 12 31- .

    :

    - 256,215,623 141,512,394 397,728,017

    - - 1,923,000 1,923,000

    - - 93,904,950 93,904,950

    256,215,623 493,555,967

    2013 12 31- :

    2013 12 31

    2012 12 31

    :

    - 1,660,411,207 1,660,411,207 397,728,017 397,728,017

    - 308,836,172 308,836,172 1,923,000 1,923,000

    - 210,342,923 217,677,467 93,904,950 132,485,968

    2,179,590,302 2,186,924,846 493,555,967 532,136,985

    . :

    2013 12 31 2012 12 31( )

    % %

    - 127,700,433 6% 2,774,321 1%

    - 440,446,405 20% 88,440,238 18%

    - 301,953,037 14% - -

    - 690,416,375 32% 202,183,795 41%

    - 94,614,203 4% 427,860 0%

    - 67,364,832 3% - -

    - 101,318,012 5% 50,773,958 10%

    - 357,222,876 16% 141,512,394 29%

    - 4,778,921 0% 7,443,401 2%

    ( )

    2,185,815,094 100% 493,555,967 100%

  • - 2013 12 31- ( )

    89

    9.

    2013 12 31 2012 12 31

    5,097,610 2,168,468

    530 251

    746,160 -

    182,832 114,283

    9,358 2,513

    6,036,490 2,285,515

    , . 2012 8 , . . , . .

    2013 12 31- 5,098 . 2013 12 27 . . 4- .

    . . . , . 5,098 4,740 . 8- .

    . 0 15 850 , 20 2 150 . 2013 6 1 2013 12 .

    776 2013 12 31- 746 694 .

    , .

  • - 2013 12 31- ( )

    90

    10.

    :

    ,

    2012 01 01-

    140,609 71,970 - 212,579

    (25,607) (4,409) - (30,016)

    2012 01 01-

    115,002 67,561 182,563

    7,240 - 110,025 117,265

    21 (47,070) (7,197) (11,003) (65,270)

    2012 12 31-

    75,172 60,364 99,022 234,558

    2012 12 31-

    147,849 71,970 110,025 329,844

    (72,677) (11,606) (11,003) (95,286)

    2012 12 31-

    75,172 60,364 99,022 234,558

    149,131 71,679 236,500 457,310

    21 (74,931) 10,881) 20,932) (106,744)

    (5,964) - - (5,964)

    3,877 - - 3,877

    2013 12 31-

    147,285 121,162 314,590 583,037

    2013 12 31-

    291,016 143,649 346,525 781,190

    (143,731) 22,487) 31,935) (198,153)

    2013 12 31-

    147,285 121,162 314,590 583,037

  • - 2013 12 31- ( )

    91

    11.

    . :

    2012 01 01- 838,487 2,246 840,733

    (27,950) (1,497) (29,447)

    2012 01 01-

    810,537 749 811,286

    - - -

    21 (83,849) (749) (84,598)

    2012 12 31-

    726,688 - 726,688

    2012 12 31- 838,487 2,246 840,733

    (111,799) (2,246) (114,045)

    2012 12 31-

    726,688 - 726,688

    23,191 124,847 148,038

    21 (85,270) (11,972) (97,242)

    - (2,246) (2,246)

    - 2,246 2,246

    2013 12 31-

    664,610 112,875 777,485

    2013 12 31- 861,678 124,847 986,525

    (197,068) (11,972) (209,040)

    2013 12 31-

    664,610 112,875 777,485

    ( ) 3 . 2013 2.25 1 . .

  • - 2013 12 31- ( )

    92

    12.

    2013 12 31

    2012 12 31 ( )

    16,278,742 6,960

    16,278,742 6,960

    - 344,012

    373,841 161,677

    373,841 505,689

    16,652,583 512,649

    . 2013 12 31- 11 (2012 1 ).

    :

    2013 12 31

    2012 12 31 ( )

    - 99,732 -

    - 2,062,996 -

    - 11,665,299 -

    - 428,950 -

    - 2,021,765 -

    - - 6,960

    16,278,742 6,960

    13.

    8.5 , . 6.0 , 3 .

  • - 2013 12 31- ( )

    93

    14.

    :

    2013 12 31

    2012 12 31 ( )

    972,107,029 817,317,727

    972,107,029 817,317,727

    600 2011 11 .

    , .

    2011 12 9- 6.0 , 1 20 . . 2012 12 .

    580 . 2012 3 5.75 , 5 . 2013 5 78.55 . 7.5 , 232 2013 12 .

    . 23 .

    15.

    . 4.7917 , 2018 1 , 5 2022 12 , 10 .

    16.

    24- . 1- 100% . .

    24- , .

  • - 2013 12 31- ( )

    94

    ( ) .

    2013 12 31 2012 12 31( )

    5,097,610 68,330,733 2,168,468 2,168,468

    418,732 - 31,672,320 -

    12,862,872 11,234 - -

    110,000,000 2,059,027 - -

    - 4,935 21,761,643 50,637

    - 2,439,236 34,853,753 61,957

    850,000 - - -

    - (634,236) (25,663) - -

    1,987,189,199 (31,168,154) - -

    ( )

    2,115,784,177 41,651,348 90,456,184 2,281,062

    . 0 5.6 .

    (3 ) 9.2-10.4 , . 3.0 . 3 1 9.7-9.9 .

    9- , ( , , , ) .

    9- . 850 0 15 , . 660 634 . 10.5 202 . 4- .

    15- .

  • - 2013 12 31- ( )

    95

    .

    2013 12 31 2012 12 31( )

    : 1,321,250,545 46,793,594 256,215,623 1,257,554

    - 831,822,771 28,804,927 202,611,655 -

    - 101,318,012 4,730,430 50,773,958 1,198,125

    - 4- 76,187,348 3,138,873 2,774,321 3,740

    - 3,268,982 121,182 - -

    - 3,177,633 18,145 - -

    - 301,953,037 8,458,556 - -

    - 156,337 1,493,230 55,689 55,689

    - 3,366,426 28,251 - -

    : 458,752,906 32,712,609 150,878,795 2,799,924

    - 4,778,921 8,269,672 7,443,401 297,523

    - 339,160,662 22,461,325 141,512,394 2,502,401

    - 18,062,214 1,128,390 - -

    - 60,660,257 853,222 - -

    - 36,090,853 - 1,923,000 -

    1,780,003,452 79,506,204 407,094,418 4,057,478

    1- 5 , 6.75 - 9.6 , . 5.125 - 9.5 .

    2013 12 31 2012 12 31- - , , 468 231 .

    . 8- .

    , , . 14- .

    2012 9 13- - 84 . (138.7 ) - . 2 - .

  • - 2013 12 31- ( )

    96

    17.

    . .

    2011 5 12 16.7 33.0 . 2012 12 23.6 . 2013 7, 8 ,9 10.0 , 5.0 , 35.0 . 27- .

    :

    2013 12 31

    2012 12 31

    :

    123,300,000 73,300,000

    :

    01 01- 73,300,000 49,700,000

    50,000,000 23,600,000

    123,300,000 73,300,000

    18.

    2013 12 31

    2012 12 31

    , 37,036,192 5,335,614

    94,023,366 7,542,660

    131,059,558 12,878,274

    138,479 (2012 ).

  • - 2013 12 31- ( )

    97

    19.

    2013 12 31

    2012 12 31

    569,775 -

    51,823,121 13,695,488

    5,496,561 -

    31,168,154 -

    89,057,610 13,695,488

    . 2012 23,957 20- ( ) .

    2012 10 .

    20. ,

    , 9- 5,098 (2012 2,168 ) .

    2013 12 27- 2013 12 30- . . . .

    61.3 , . , 9- . , .

  • - 2013 12 31- ( )

    98

    21.

    2013 12 31- , 151.4 (2012 12 31- 57.5 ).

    2013 12 31

    2012 12 31

    , 2,383,736 1,010,328

    793,073 7,889

    251,744 217

    231,958 243,522

    , 10, 11 203,986 149,868

    169,093 39,702

    158,894 48,769

    , 122,050 69,771

    102,230 29,518

    100,573 42,858

    , 35,814 45,042

    34,983 13,701

    3,669 2,135

    2,087 -

    4,593,890 1,703,320

    22.

    .

    2013 12 31

    2013 12 31

    ( )

    ()

    10,505,432(2,296,174)

    3,313,560(5,895,427)

    /() 8,209,258 (2,581,867)

    , . 3

  • - 2013 12 31- ( )

    99

    (2012: 3 ) 10 , 3 (2012: 3 ) 25 (2012: 25 )- .

    :

    2013 12 31

    2013 12 31

    ( )

    /() 35,096,846 (8,287,829)

    (2013:25 , 2012:25 )

    8,774,212 (2,071,957)

    ,

    - (450,000) (450,000)

    - 42,775 7,490

    - (67,400)

    (157,729) -

    /() 8,209,258 (2,581,867)

    , , . .

    2 50 . . 26- .

    ( )- , .

    2013 1 1- 12 31- :

    ,

    ( )/ :

    (2,091,211) 1,320,091 (771,120)

    (408,815) (42,457,514) (42,866,329)

    (542,117) 542,117 -

    (65,215) (48,912) (114,127)

    (13) 350 337

    - (745,383) (745,383)

    9,047,731 37,905,564 46,953,295

    - 5,779,861 5,779,861

    5,940,360 2,296,174 8,236,534

  • - 2013 12 31- ( )

    100

    2012 1 1- 12 31- :

    ,

    ( )/ :

    - (2,091,211) (2,091,211)

    - (408,815) (408,815)

    - (542,117) (542,117)

    (6,522) (58,693) (65,215)

    - (13) (13)

    51,455 8,996,276 9,047,731

    44,933 5,895,427 5,940,360

    23.

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  • - 2013 12 31- ( )

    101

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  • - 2013 12 31- ( )

    102

    2013 10 - . . :

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  • - 2013 12 31- ( )

    103

    2013 12 31- , .

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  • - 2013 12 31- ( )

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  • - 2013 12 31- ( )

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    . 100 () ( ) :

    100 100

    2013

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    2012 12 31- (4,318,617) 4,318,617

    . . . .

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    2012 12 31-

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    - 972,107,209 - 972,107,029

    1,579,991,116 1,506,999,002 - 3,086,990,118

    /( ) 126,102,437 (1,722,823) 19,830 124,399,444

  • - 2013 12 31- ( )

    112

    2012 12 31- .

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    .

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    - 168,924,490 168,924,490

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    , .

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    - 858,339,757 858,339,757

    3,211,389,562 3,211,389,562

  • - 2013 12 31- ( )

    114

    2012 12 31- ( ):

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    : 168,924,490 168,924,490

    - 3

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    493,555,967 493,555,967

    - 256,215,623 256,215,623

    - 237,340,344 237,340,344

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  • - 2013 12 31- ( )

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    6,589 6,589 - -

    418,732 - 418,732 -

    21,293,060 - 21,293,060 -

    357,742,852 - 357,742,852 -

    652,338,027 - 652,338,027 -

    2,179,590,302 - - 2,179,590,302

    1,321,250,545 - - 1,321,250,545

    858,339,757 - - 858,339,757

    ( ) 3,211,389,562 6,589 1,031,792,671 2,179,590,302

    373,841 - 373,841 -

    16,278,742 - 16,278,742 -

    111,041,307 - 111,041,307 -

    1,987,189,199 - 1,987,189,199 -

    972,107,029 920,565,915 -

    972,107,029 920,565,915 - -

    ( ) 3,086,990,118 920,565,915 2,114,883,089 -

  • - 2013 12 31- ( )

    118

    2012 12 31- :

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    216,468,206 6,132 216,462,074 -

    6,132 6,132 - -

    31,672,320 - 31,672,320 -

    31,358,100 - 31,358,100 -

    153,431,654 - 153,431,654 -

    168,924,490 - 168,924,490 -

    493,555,967 - - 493,555,967

    256,215,623 - - 256,215,623

    237,340,344 - - 237,340,344

    ( ) 878,948,663 6,132 385,386,564 493,555,967

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    6,960 - 6,960 -

    - - - -

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    817,317,727 807,101,255 - -

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    ( ) 817,486,364 807,101,255 168,637 -

    26.

    2013 12 31 2012 12 31

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    - - 2012 9 13- 84.0 . - - .

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  • - 2013 12 31- ( )

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  • - 2013 12 31- ( )

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    - 2013 12 31- ( )

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    2013 12 31 2012 12 31 ( )

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    - 45,984,927 3,255,895

    - 48,038,495 4,286,765

    :

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    - 35,814,458 5,225,708

    - 1,221,678 109,905

    : 2,000,002 4,060

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  • 121