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ANNUAL

REPORT

V O LU M E 2
Financial Report
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6 Asian Development Bank
MANAGEMENT’S DISCUSSION AND ANALYSIS

MANAGEMENT ‘S
DISCUSSION AND ANALYSIS
The Asian Development Bank (ADB) is an international development financial
institution whose vision is to make Asia and the Pacific free of poverty. ADB was
established in 1966 through the Agreement Establishing the Asian Development
Bank (the Charter), ratified by 31 countries to promote the social and economic
development of the region and reduce poverty. As of 31 December 2009, ADB is
owned by 67 members, 48 of which are in the region.
Annual Report 2009 7

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Deloitte Touche LLP


Certified Public Accountants
Unique Entity No. T08LL0721A
6 Shenton Way #32-00
DBS Building Tower Two
Singapore 068809
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Tel: +65 6224 8288


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www.deloitte.com

Deloitte Touche LLP (Unique Enity No. T08LL0721A) is an accounting limited liability partnership registered in Singapore
under the limited Liability Partnerships Act (Chapter 163A).

Member of Deloitte Touche Tohmatsu


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39
Annual Report 2009
40 Asian Development Bank

Deloitte Touche LLP


Certified Public Accountants
Unique Entity No. T08LL0721A
6 Shenton Way #32-00
DBS Building Tower Two
Singapore 068809
,1#)%"1.*"4)"-1&(,+1*&(

Tel: +65 6224 8288


Fax: +65 6538 6166
www.deloitte.com

Deloitte Touche LLP (Unique Enity No. T08LL0721A) is an accounting limited liability partnership registered in Singapore
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Member of Deloitte Touche Tohmatsu


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41
Annual Report 2009
42 Asian Development Bank

ASIAN DEVELOPMENT BANK—ORDINARY CAPITAL RESOURCES


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ASIAN DEVELOPMENT BANK—ORDINARY CAPITAL RESOURCES


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ASIAN DEVELOPMENT BANK—ORDINARY CAPITAL RESOURCES


STATEMENT OF CHANGES IN CAPITAL AND RESERVES
For the Years Ended 31 December 2009 and 2008
,1#)%"1.*"4)"-1&(,+1*&(

Expressed in Thousands of United States Dollars (Notes B and K)


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Annual Report 2009 47

OCR-4

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Accumulated Other Comprehensive Income (Note L)


For the Years Ended 31 December 2009 and 2008
Expressed in Thousands of United States Dollar (Note B)
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48 Asian Development Bank

ASIAN DEVELOPMENT BANK—ORDINARY CAPITAL RESOURCES


SUMMARY STATEMENT OF LOANS
31 December 2009 and 2008
,1#)%"1.*"4)"-1&(,+1*&(

Expressed in Thousands of United States Dollars (Note B)


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Annual Report 2009 49

OCR-5

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50 Asian Development Bank

ASIAN DEVELOPMENT BANK—ORDINARY CAPITAL RESOURCES


SUMMARY STATEMENT OF BORROWINGS
31 December 2009 and 2008
Expressed in Thousands of United States Dollars (Note B)
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Annual Report 2009 51

OCR-6

,1#)%"1.*"4)"-1&(,+1*&(
           % * , 
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52 Asian Development Bank

ASIAN DEVELOPMENT BANK—ORDINARY CAPITAL RESOURCES


STATEMENT OF SUBSCRIPTIONS TO CAPITAL STOCK AND VOTING POWER
31 December 2009
,1#)%"1.*"4)"-1&(,+1*&(

Expressed in Thousands of United States Dollars (Note B)


 (+(*1)&#*"4)"- 0,)%4,2&1
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0
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 *

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C  0  

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    #($)$. &-$- #,'&'.- #,($&$- $.,,( #&&$', &*&$
   &&( (((, ).), )(-- )*' #.-)& ()()
       #&.,& ()&( #'.,** #$('-& #),$) &,'-. (***
 = 
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=  &&$((( *$,& )*,#))- ))##$-& &.'.,* &.&*#& .'$$
 =

0  '. (((& #.,$ #)-* '. #.,(, ()((


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 7 
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 7


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 C  =  )$*.( (''# ,(#''# **'$.$ .&#.& *)(*& #('#
 C 5 0   )(.(& (-$& .-.$-, .*#(-# &)$(* ..'#. ('&.
 C   #..*&& )-#, &&*-.#' &#..*#' ##&'(# #*'(). )&-#
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!D )*( (((' *.,- *(-, )'( #.$,& ()(,
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  #.& (((. &&#$ &(,& #*, #.,*. ()(#
 C0   $'*$ (&)( #)''&) #)(($) '$.# &).-( (.$)
 C  *( (((# -$# -#' ,& #.*,& ()((
 6A0   &)$). (,#) )-&&$* ).,&#* &,(-( )$)., (-$'
 2   &), (((, ),$, ).), &*( #.-.$ ()()
 2 8  #&(-, ()#( #$$,&, #,,''& &#,). &,*$$ (*.-

  
1
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Annual Report 2009 53

OCR-7

,1#)%"1.*"4)"-1&(,+1*&(
 (+(*1)&#*"4)"- 0,)%4,2&1
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%,%1&),%"-      
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   #&(.( ()#( #$$(,. #-.$', #)#,$ &,**& (*.,
 =  #$*($, .-*' &$'#(&* &,$$*-* &(&.*( #''*'$ .#(,
   0 #&(.( ()#( #$$(,. #-.$', #)#,$ &,**& (*.,
 :   #&(.( ()#( #$$(,. #-.$', #)#,$ &,**& (*.,
 :  $&)*, &##- #&$,)'& ##',&'- '((', ',$,$ #''&
 E  #*)(,$ )'), &)'('(- &&&).,& #,-..* #,-*$( )..-
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   ,)'*( #,.. ''$$') '&$')# ,'',& -$.,& #,#.
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 8  ),&'. (')) *,,'(' *&-&#$ )','( *($(, #(.*
 8
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  #&(.( ()#( #$$(,. #-.$). #)&)( &,**& (*.,
 7  #&(.( ()#( #$$(,. #-.$', #)#,$ &,**& (*.,
 7    #&(.( ()#( #$$(,. #-.$', #)#,$ &,**& (*.,
 7 A  &(,*( (*)# )&&**# &'''.' &&,(& )*#,& (-&)
 C0 #&(.( ()#( #$$(,. #-.$', #)#,$ &,**& (*.,
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  >783 88/87  ! 5>933 779> !   !83 95! 8 /855

,"- 877>88 !!/!!! P3!59> P933!79! P! >> P7335 !!/!!!

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54 Asian Development Bank

ASIAN DEVELOPMENT BANK²ORDINARY CAPITAL RESOURCES


NOTES TO FINANCIAL STATEMENTS
31 December 2009 and 2008
,1#)%"1.*"4)"-1&(,+1*&(

NOTE A—NATURE OF OPERATIONS AND LIMITATIONS DPRXQWRIGLVEXUVHGORDQVDSSURYHGHTXLW\LQYHVWPHQWV


ON LOANS, GUARANTEES AND EQUITY DQGWKHPD[LPXPDPRXQWWKDWFRXOGEHGHPDQGHGIURP
INVESTMENTS $'%XQGHULWVJXDUDQWHHSRUWIROLRWRWKHWRWDODPRXQW
RI $'%·V XQLPSDLUHG VXEVFULEHG FDSLWDO UHVHUYHV DQG
Nature of Operations VXUSOXV$W'HFHPEHUDQGWKHWRWDORIVXFK
ORDQV HTXLW\ LQYHVWPHQWV DQG JXDUDQWHHV DJJUHJDWHG
7KH$VLDQ'HYHORSPHQW%DQN $'% DPXOWLODWHUDOGH DSSUR[LPDWHO\  DQG  UHVSHFWLYHO\ RI WKH
YHORSPHQWILQDQFLDOLQVWLWXWLRQZDVHVWDEOLVKHGLQ WRWDOVXEVFULEHGFDSLWDOUHVHUYHVDQGVXUSOXVDVGHILQHG
ZLWKLWVKHDGTXDUWHUVLQ0DQLOD3KLOLSSLQHV$'%DQGLWV EDVHGRQWKLVQHZSROLF\
RSHUDWLRQVDUHJRYHUQHGE\WKH$JUHHPHQW(VWDEOLVKLQJ $UWLFOH  SDUDJUDSK  RI WKH &KDUWHU SURYLGHV
WKH$VLDQ'HYHORSPHQW%DQN WKH&KDUWHU ,WVSXUSRVH WKDW HTXLW\ LQYHVWPHQWV VKDOO QRW H[FHHG  RI WKH
LVWRIRVWHUHFRQRPLFGHYHORSPHQWDQGFRRSHUDWLRQLQ XQLPSDLUHG SDLGLQ FDSLWDO WRJHWKHU ZLWK UHVHUYHV
WKH $VLDQ DQG 3DFLILF UHJLRQ DQG WR FRQWULEXWH WR WKH DQG VXUSOXV H[FOXVLYH RI WKH VSHFLDO UHVHUYH $W 
DFFHOHUDWLRQ RI WKH SURFHVV RI HFRQRPLF GHYHORSPHQW 'HFHPEHU  VXFK HTXLW\ LQYHVWPHQWV UHSUHVHQWHG
RI WKH GHYHORSLQJ PHPEHU FRXQWULHV '0&V  LQ WKH DSSUR[LPDWHO\ ² RIWKHSDLGLQFDSLWDO
UHJLRQFROOHFWLYHO\DQGLQGLYLGXDOO\:LWKWKHDGRSWLRQ UHVHUYHVDQGVXUSOXVDVGHILQHG
RI LWV SRYHUW\ UHGXFWLRQ VWUDWHJ\ DW WKH HQG RI 
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Deloitte Touche LLP


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DBS Building Tower Two
Singapore 068809
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Annual Report 2009
86 Asian Development Bank

Deloitte Touche LLP


Certified Public Accountants
Unique Entity No. T08LL0721A
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88 Asian Development Bank

ADF-1

ASIAN DEVELOPMENT BANK—ASIAN DEVELOPMENT FUND


SPECIAL PURPOSE STATEMENT OF ASSETS, LIABILITIES, AND FUND BALANCES
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ASIAN DEVELOPMENT BANK—ASIAN DEVELOPMENT FUND


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31 December 2009 and 2008
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"#6C3

ASIAN DEVELOPMENT BANK—ASIAN DEVELOPMENT FUND


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ADF-7

ASIAN DEVELOPMENT BANK—ASIAN DEVELOPMENT FUND


NOTES TO SPECIAL PURPOSE FINANCIAL STATEMENTS
31 December 2009 and 2008

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