ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for October 2013


Balance Sheet (Unaudited)
October 31, 2013

Description Amounts in USD
Assets  
Total cash 297,066
Cash - MMK 267,774
Cash - USD 29,292
Cash - THB -
Cash - EUR -
Cash - AUD -
Bank deposits 7,047,456
Deposit with MICB 514,403
Deposit with other banks 6,533,053
MICB reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 1,467,608
Loan assets MMK 1,467,608
Loan assets USD -
Loan assets THB -
Less specific provision -
Net loan assets 1,467,608
Prepayment and int. receivable 119,203
Prepayment 94,551
Interest receivable - MMK 24,651
Interest receivable - USD -
Interest receivable - THB -
Interest receivable - EUR -
Other assets 27,203
Investment -
Total fixed assets 453,636
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 453,636
Accu. depre-building & tangible assets (82,217)
Net fixed assets 371,419
Total assets 9,329,955
Liabilities  
Total deposits 60,508
Withholding tax 19,913
Accrued expenses and other liabilities 1,406,905
Health insurance fund 741
General provision on loan 29,352
Staff pension fund -
Subordinate debts -
Short-term loans -
Long-term loans -
Total liabilities 1,517,419
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 230,339
Total equity 7,812,536
Inter-branch balance -
Total liabilities & equity 9,329,955

Income Statement (Unaudited)
October 31, 2013

Description Amounts in USD
Interest on micro 1 business loan 11,561
Interest on micro 2 business loan 18,583
Interest on micro 3 business loan 483
Interest on personal loan -
Interest on bad & doubtful loans -
Interest on bank deposit 3,608
Income on investment and trading securities -
Total interest income 34,235
Commission received on remittance -
Western union -
Loan fee 175
Payroll service -
Foreign currency exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 623
Service chrg/penalty saving -
Consultancy incomes -
Miscellaneous income 5
Recovery on loan prev chrg-off -
Total other revenues 803
Total financial income 35,038
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 364
Total financial cost 364
Gross financial result 34,674
Loan loss expense (11,122)
Provision for loan - MMK (11,122)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/credit card provision expense -
Currency translation expenses 458
Financial margin 24,010
Operational cost  
Total salaries 78,269
Health insur. & social welfare fund exp. 894
Other insurance expenses 261
Employee train-work related expenses 9,906
Depreciation expenses 11,636
Purchases of FF and equipments 2,601
ATM/credit card expenses -
Motor vehicle operating expenses 77
Repair and maint exp-FF and equipment 542
Publicity expenses 118
Advertising and promotion expense -
Rentals charges 12,202
Contribute to employee pension fund 1,546
Employee uniform expense 2,162
Other employee expenses 719
Litigation Expense -
Bank charges 84
Fees & commission paid to bank -
Swift expense -
Office supplies 2,745
Other miscellaneous expenses 936
Printing & forms expenses 1,917
Other taxes expenses -
Telecommunication charges 704
Travel charges 11,511
Utilities charges 1,168
Disposal of fixed assets -
Bank license fees -
External advice / audit fee -
Board of director expenses 1,000
Total administrative expense 140,997
Pre-tax financial income (116,987)
Tax on P&L on ordinary activities -
Net profit (loss) after taxes (116,987)
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