ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for August 2013


Balance Sheet (Unaudited)
August 31, 2013

Description Amounts in USD
Assets  
Total cash 119,675
Cash - MMK 92,200
Cash - USD 27,475
Cash - THB -
Cash - EUR -
Cash - AUD -
Bank deposits 8,363,426
Deposit with MICB -
Deposit with other banks 8,363,426
MICB reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 558,024
Loan assets MMK 558,024
Loan assets USD -
Loan assets THB -
Less specific provision -
Net loan assets 558,024
Prepayment and int. receivable 130,774
Prepayment 122,946
Interest receivable - MMK 7,828
Interest receivable - USD -
Interest receivable - THB -
Interest receivable - EUR -
Other assets 25,901
Investment -
Total fixed assets 319,655
Fixed assets under constr/develop -
Fixed assets under const-tangible -
Fixed assets under const-intangible -
Intangible assets -
Accu. amortization-intangible assets -
Land -
Building -
Other tangible assets 319,655
Accu. depre-building & tangible assets (61,718)
Net fixed assets 257,937
Total assets 9,455,737
Liabilities  
Total deposits 40,360
Withholding tax 27,908
Accrued expenses and other liabilities 1,251,081
Health insurance fund 180
General provision on loan 11,160
Staff pension fund -
Subordinate debts -
Short-term loans -
Long-term loans -
Total liabilities 1,330,690
Equity  
Share capital 8,230,453
Position account foreign exchange -
Capacity building (grant by ACL) -
General reserves -
Retained earning previous period (648,256)
Net income current year 542,850
Total equity 8,125,047
Inter-branch balance -
Total liabilities & equity 9,455,737

Income Statement (Unaudited)
August 31, 2013

Description Amounts in USD
Interest on micro 1 business loan 8,847
Interest on micro 2 business loan 2,253
Interest on micro 3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans -
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 11,100
Commission received on remittance -
Western union -
Loan fee 5
Payroll service -
Foreign currency exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 483
Service chrg/penalty saving -
Consultancy incomes -
Miscellaneous income 196,991
Recovery on loan prev chrg-off -
Total other revenues 197,479
Total financial income 208,579
Financial cost  
Interest expense on debts- MMK -
Interest expense on debts - USD -
Interest expense on Debts - THB -
Interest expense on debts - EUR -
Interest on deposits 135
Total financial cost 135
Gross financial result 208,444
Loan loss expense (5,003)
Provision for loan - MMK (5,003)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/credit card provision expense -
Currency translation expenses (19,030)
Financial margin 184,411
Operational cost  
Total salaries 75,561
Health insur. & social welfare fund exp. 1,906
Other insurance expenses 261
Employee train-work related expenses 56,099
Depreciation expenses 8,865
Purchases of FF and equipments 2,065
ATM/credit card expenses -
Motor vehicle operating expenses -
Repair and maint exp-FF and equipment 29
Publicity expenses 82
Advertising and Promotion Expense 144
Rentals charges 12,099
Contribute to employee pension fund 1,532
Employee uniform expense 2,642
Other employee expenses -
Litigation expense -
Bank charges 5
Fees & commission paid to bank -
Swift expense -
Office supplies 1,315
Other miscellaneous expenses 1,847
Printing & forms expenses 1,063
Other taxes expenses -
Telecommunication charges 797
Travel charges 12,969
Utilities charges 2,648
Disposal of fixed assets -
Bank license fees 1,907
External advice / audit fee 1,590
Board of director expenses 3,003
Total administrative expense 188,429
Pre-tax financial income (4,018)
Tax on P&L on ordinary activities -
Net profit (loss) after taxes (4,018)
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