04
Banco Comercial De Macau !"#
Annual Report 2004 Financial Highlights
Governing Bodies
As at 31 December 2003 !
2004 Change %
!"#$%&'$()*+,-
Total net assets
Loans and advances to banks
Loans and advances to customers (gross)
Customer deposits
Provisions for possible credit losses
Shareholders' funds
2003
(USD ) 2004/2003
!"
!"#$%&
!"
!
!"#
!
!
972,026
415,417
443,243
880,418
7,406
68,490
!
!
!"
!"
!"
!
!"#
!" (1)
!"#
!
14.1%
-4.8%
34.6%
14.1%
-1.2%
-2.0%
!"
7,800,509
3,333,720
3,557,026
7,065,351
59,432
549,632
!"
6,836,827
3,503,520
2,643,091
6,189,797
60,178
560,805
4.1%
20.7%
-2.4%
33.5%
3.8%
11.5%
10.2%
-78.9%
18.5%
194,320
62,851
131,469
70,691
115,076
13,266
9,976
500
63,342
186,734
52,090
134,644
52,963
110,841
11,896
9,054
2,366
53,451
6,799,829
3,831,351
2,546,350
6,144,465
52,965
553,587
219,878
76,892
142,986
49,342
109,318
13,925
10,367
927
57,791
OTHER INDICATORS !"
Interest rate spread (2)
Net interest margin (3)
Return on average assets (ROA)
Return on average equity (ROE)
Shareholders' funds to total assets (4)
Loans-to-deposits ratio
Efficiency ratio (5)
BIS Capital ratio
Credit coverage ratio (6)
Number of employees
Number of branches
Number of ATM's
Gross dividend paid per share (MOP)
Gross dividend paid per share (USD)
Dividend pay out ratio (pre-tax)
! (2)
!" (3)
!"#$(ROA)
!"#$%&(ROE)
! / !" (4)
!
! (5)
!"#$%&'
!"# (6)
!
!
!"#$
!"
!"
!"
!
!
-
-
-
-
1.70%
1.74%
0.9%
11.9%
7.0%
50.3%
63.5%
12.3%
1.7%
268
16
26
63.34
7.89
90.0%
1.86%
1.90%
0.8%
9.9%
8.2%
42.7%
65.4%
16.9%
2.3%
276
17
25
47.51
5.94
80.0%
(1) Dividends are paid in gross terms, therefore Income Tax on profits distributed is paid by Shareholders
!"#$%&'%()*+#,-./012345
(2) Difference between the average interest rate earned on interest-earning assets and the average interest rate paid on interest bearing liabilities
!"#$%&'()*+,
,-#./&'()*&01234
(3) Net interest income as a percentage of average interest-earning assets: Net interest revenue/Average interest-earning assets
!"#$%&'(!)*+,-.: !" / !"#$
(4) At end of year
!"#
(5) (Non-interest expense + Amortization and depreciation) / (Net interest revenue + Non-interest revenue)
( !" + !)/( !" + !")
(6) Provisions for possible loan losses / Loans and advances to customers (gross)
!"# / !"#$%
!
Chairman
Leonel Alberto Alves
Secretary
Liu Chak Wan
Ma Iao Lai
BOARD OF DIRECTORS
Chairman
Jorge Manuel Jardim Gonçalves
Jorge Manuel Jardim Gonçalves
!"
!"#)
24,214
7,832
16,382
8,809
14,340
1,653
1,243
62
7,893
GENERAL MEETING OF SHAREHOLDERS
2002
INCOME STATEMENT FOR THE YEAR !"#$% (In thousands Interest and similar revenue
Interest and similar expense
Net interest revenue
Non-interest revenue
Non-interest expense
Amortization and depreciation
Provisions for credit losses (net)
Provision for income tax (1)
Net income for the year
2004
2004/2003
(In MOP thousands unless otherwise indicated)
( !"#$%&)
!
!"#$!#%&
BALANCE SHEET AT YEAR END SELECTED DATA
!!"==05
1.94%
2.01%
0.9%
10.8%
8.1%
41.4%
64.1%
18.0%
2.1%
280
18
24
51.37
6.42
80.0%
Member
Christopher de Beck
Christopher de Beck
António Manuel Pereira Caldas de Castro Henriques
António Manuel Pereira Caldas de Castro Henriques
Manuel d’Almeida Marecos Duarte
António Maria Matos
Leonel Leonardo Guerreiro da Costa
Chan Sou Chao, Kenneth
EXECUTIVE COMMITTEE
Chief Executive Officer
António Maria Matos
Member
Leonel Leonardo Guerreiro da Costa
Chan Sou Chao, Kenneth
AUDIT BOARD
Chairman
Pedro João Reis de Matos Silva
Pedro João Reis de Matos Silva
Member
José Rodrigues de Jesus
José Rodrigues de Jesus
Fernando Manuel da Conceição Reisinho
Fernando Manuel da Conceição Reisinho
!"
!