ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for January 2014


Balance Sheet (Unaudited)
January 31, 2014

Description Amounts in USD
Assets  
Total cash 351,843
Cash - MMK 342,207
Cash - USD 9,636
Bank deposits 4,813,016
ST Deposit with MICB 1,005,066
Deposit with MICB & other banks 3,807,950
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 3,259,782
Loan assets MMK 3,259,782
Less specific provision -
Net loan assets 3,259,782
Prepayment and int. receivable 237,694
Prepayment 184,491
Interest receivable - MMK 53,203
Interest receivable - USD -
Other assets 27,360
Investment -
Total fixed assets 482,606
Intangible assets -
Accu. amortization-intangible assets -
Land -
Building -
Other tangible assets 482,606
Accu. depre-building & tangible assets (122,013)
Net fixed assets 360,593
Total assets 9,050,288
Liabilities  
Total deposits 130,354
Withholding tax 1,904
Accrued expenses and other liabilities 1,114,194
Health insurance fund (27)
General provision on loan 32,598
Staff pension fund -
Total liabilities 1,279,023
Equity  
Share capital 8,105,370
Position account foreign exchange -
Capacity building (grant by ACL) -
General reserves -
Retained earning previous period 641,832
Net income current year 307,726
Total equity 7,771,264
Inter-branch balance -
Total liabilities & equity 9,050,288

Income Statement (Unaudited)
January 31, 2014

Description Amounts in USD
Interest on micro 1 business loan 17,057
Interest on micro 2 business loan 56,857
Interest on micro 3 business loan 526
Interest on special mention loan 4
Interest on personal loan -
Interest on bad & doubtful loans -
Interest on bank deposit 4,924
Income on investment and trading securities -
Total interest income 79,367
Commission received on remittance -
Western union -
Loan fee 909
Payroll service -
Foreign currency exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 963
Service chrg/penalty saving 669
Consultancy incomes -
Miscellaneous income 1
Recovery on loan prev chrg-off -
Total other revenues 2,542
Total financial income 81,910
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 945
Total financial cost 945
Gross financial result 80,965
Loan loss expense (6,467)
Provision for loan - MMK (6,467)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/credit card provision expense -
Currency translation expenses (356)
Financial margin 74,143
Operational cost  
Total salaries 87,235
Health insur. & social welfare fund exp. 1,456
Other insurance expenses 334
Employee train-work related expenses 2,714
Depreciation expenses 13,602
Purchases of FF and equipments 2,886
ATM/credit card expenses -
Motor vehicle operating expenses 124
Repair and maint exp-FF and equipment 270
Publicity expenses 87
Advertising and promotion expense 254
Rentals charges 15,005
Contribute to employee pension fund 1,430
Employee uniform expense 4,818
Other employee expenses -
Litigation Expense -
Bank charges 4
Fees & commission paid to bank -
Swift expense -
Office supplies 1,997
Other miscellaneous expenses 793
Printing & forms expenses 1,706
Other taxes expenses -
Telecommunication charges 1,033
Travel charges 13,038
Utilities charges (146)
Disposal of fixed assets -
Bank license fees 1,828
External advice / audit fee -
Board of director expenses 1,000
Total administrative expense 151,469
Pre-tax financial income (77,327)
Tax on P&L on ordinary activities -
Net profit (loss) after taxes (77,327)
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