ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for May 2014


Balance Sheet (Unaudited)
May 31, 2014

Description Amounts in USD
Assets  
Total cash 217,573
Cash - MMK 207,969
ST Deposit with MICB -
Deposit with MICB & other banks 1,690,244
CBM reserve requirement -
Gross loan assets 6,785,027
Loan assets MMK 6,785,027
Less specific provision -
Net loan assets 6,785,027
Prepayment and int. receivable 224,867
Prepayment 126,003
Interest receivable - MMK 98,864
Interest receivable - USD -
Other assets 2,248
Investment -
Total fixed assets 510,743
Other tangible assets 510,743
Accu. depre-building & tangible assets (179,287)
Net fixed assets 331,457
Total assets 9,251,417
Liabilities  
Total deposits 182,583
Withholding tax 24,185
Accrued expenses and other liabilities 1,115,026
Health insurance fund (1,100)
General provision on loan 67,850
Staff pension fund -
Total liabilities 1,388,544
Equity  
Share capital 8,281,573
Position account foreign exchange -
Retained earning previous period (345,752)
Net income current year (72,949)
Total equity 7,862,873
Inter-branch balance -
Total liabilities & equity 9,251,417

Income Statement (Unaudited)
May 31, 2014

Description Amounts in USD
Interest on micro 1 business loan 34,518
Interest on micro 2 business loan 123,416
Interest on micro 3 business loan 346
Interest on personal loan -
Interest on bad & doubtful loans 0
Interest on bank deposit (4,311)
Total interest income 153,969
Loan fee 3,114
Income from sale of check book 2,213
Service chrg/penalty saving 512
Consultancy incomes -
Miscellaneous income 9
Total other revenues 5,849
Total financial income 159,818
Financial cost  
Interest expense on debts- MMK -
Interest on deposits 1,595
Total financial cost 1,595
Gross financial result 158,223
Loan loss expense (10,555)
Provision for loan - MMK (10,555)
Provision for loan - USD -
Currency translation expenses 141
Financial margin 147,809
Operational cost  
Total salaries 111,762
Health insur. & social welfare fund exp. 1,246
Other insurance expenses 587
Employee train-work related expenses 54
Depreciation expenses 14,377
Purchases of FF and equipments 1,440
Motor vehicle operating expenses 503
Repair and maint exp-FF and equipment 430
Publicity expenses 17
Advertising and promotion expense (148)
Rentals charges 15,331
Contribute to employee pension fund 1,652
Employee uniform expense 748
Other employee expenses 277
Bank charges 398
Office supplies 3,984
Other miscellaneous expenses 686
Printing & forms expenses 1,871
Telecommunication charges 1,565
Travel charges 6,684
Utilities charges 721
Bank license fees 690
External advice / audit fee -
Board of director expenses 2,495
Total administrative expense 167,370
Pre-tax financial income (19,561)
Tax on P&L on ordinary activities -
Net profit (loss) after taxes (19,561)
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