ACLEDA MFI Myanmar Co., Ltd.

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Audited Financial Statements

STATEMENT OF FINANCIAL POSITION

As at March 31, 2019
Currency - Myanmar Kyats (MMK)

  31 Mar 2019 31 Mar 2018
ASSETS
Cash on hand 2,199,458,853 182,515,562
Balances with other banks 4,268,875,260 495,044,192
Loans and advances to customers 40,505,819,759 32,118,918,174
Other assets 2,067,357,198 1,828,400,332
Property and equipment 407,482,000 122,600,255
Intangible assets - 1,674,400
TOTAL ASSETS 49,448,993,070 34,749,152,915
LIABILITIES
Deposits from customers 5,938,685,840 3,151,022,902
Other liabilities 1,515,025,126 643,264,280
Borrowings 24,330,607,500 15,486,060,000
Current income tax liabilities 853,062,196 1,045,291,278
TOTAL LIABILITIES 32,637,380,662 20,325,638,460
EQUITY
Share capital 8,000,000,000 8,000,000,000
General reserves 2,202,903,103 1,605,878,615
Retained earning 6,608,709,305 4,817,635,840
TOTAL EQUITY 16,811,612,408 14,423,514,455
TOTAL LIABILITIES AND EQUITY 49,448,993,070 34,749,152,915

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended March 31, 2019
Currency - Myanmar Kyats (MMK)

  31 Mar 2019 31 Mar 2018
Interest incomes 10,719,406,599 8,303,899,078
Interest expenses (3,225,228,539) (2,329,598,126)
Net interest incomes 7,494,178,060 5,974,300,952
Provision for loan losses (475,540,098) (362,707,350)
Net interest income after provision for loan losses 7,018,637,962 5,611,593,602
Fee and commission incomes 696,446,753 522,265,251
Fee and commission expenses (262,449,873) (139,679,060)
Net fee and commission income 433,996,880 382,586,191
Other incomes 38,438,570 308,922,910
Personnel expenses (2,884,540,533) (1,573,160,039)
General and administrative expenses (1,248,005,815) (655,491,785)
Foreign exchange translation 11,524,153 4,216,027
Depreciation charge (128,694,440) (41,120,540)
Amortisation charge (196,630) (195,600)
  (4,211,474,695) (1,956,829,027)
Profit before income tax 3,241,160,147 4,037,350,766
Income tax expense (853,062,195) (1,046,901,540)
Profit/(loss) for the year 2,388,097,952 2,990,449,226
Other comprehensive income - -
Total comprehensive income for the year 2,388,097,952 2,990,449,226

Note: These financial statements are audited by Khin Su Htay & Associates Limited.

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