ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for March 2014


Balance Sheet (Unaudited)
March 31, 2014

Description Amounts in USD
Assets  
Total cash 252,598
Cash - MMK 246,283
Cash - USD 6,315
Bank deposits 3,158,092
ST Deposit with MICB 518,672
Deposit with MICB & other banks 2,639,420
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 5,161,402
Loan assets MMK 5,161,402
Less specific provision -
Net loan assets 5,161,402
Prepayment and int. receivable 231,694
Prepayment 155,103
Interest receivable - MMK 76,591
Interest receivable - USD -
Other assets 26,661
Investment -
Total fixed assets 502,973
Intangible assets -
Accu. amortization-intangible assets -
Land -
Building -
Other tangible assets 502,973
Accu. depre-building & tangible assets (151,436)
Net fixed assets 351,537
Total assets 9,181,985
Liabilities  
Total deposits 142,546
Withholding tax -
Accrued expenses and other liabilities 1,035,538
Health insurance fund -
General provision on loan 51,614
Staff pension fund -
Total liabilities 1,229,699
Equity  
Share capital 8,298,755
Position account foreign exchange -
Capacity building (grant by ACL) -
General reserves -
Retained earning previous period 653,636
Net income current year 307,167
Total equity 7,952,286
Inter-branch balance -
Total liabilities & equity 9,181,985

Income Statement (Unaudited)
March 31, 2014

Description Amounts in USD
Interest on micro 1 business loan 28,215
Interest on micro 2 business loan 90,640
Interest on micro 3 business loan 443
Interest on personal loan -
Interest on bad & doubtful loans -
Interest on bank deposit 4,634
Total interest income 123,932
Commission received on remittance -
Western union -
Loan fee 1,235
Payroll service -
Foreign currency exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,237
Service chrg/penalty saving 582
Consultancy incomes -
Miscellaneous income 200,011
Recovery on loan prev chrg-off -
Total other revenues 203,065
Total financial income 326,998
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 1,261
Total financial cost 1,261
Gross financial result 325,736
Loan loss expense (10,776)
Provision for loan - MMK (10,776)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
Currency translation expenses (5,657)
Financial margin 309,303
Operational cost  
Total salaries 121,551
Health insur. & social welfare fund exp. (452)
Other insurance expenses 684
Employee train-work related expenses 8,417
Depreciation expenses 14,217
Purchases of FF and equipments 5,639
ATM/credit card expenses -
Motor vehicle operating expenses 292
Repair and maint exp-FF and equipment 372
Publicity expenses 36
Advertising and promotion expense 26
Rentals charges 15,363
Contribute to employee pension fund 2,650
Employee uniform expense 4,260
Other employee expenses 3,903
Litigation Expense -
Bank charges 480
Fees & commission paid to bank -
Swift expense -
Office supplies 3,712
Other miscellaneous expenses 8,259
Printing & forms expenses 1,934
Other taxes expenses -
Telecommunication charges 1,303
Travel charges 16,359
Utilities charges 1,894
Disposal of fixed assets -
Bank license fees -
External advice / audit fee 2,949
Board of director expenses 7,000
Total administrative expense 220,849
Pre-tax financial income 88,454
Tax on P&L on ordinary activities -
Net profit (loss) after taxes 88,454
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