ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for October 2014


Balance Sheet (Unaudited)
October 31, 2014

Description Amounts in USD
ASSETS  
Total cash 85,899
Cash - MMK 85,845
Cash - USD 54
Bank deposits 89,881
ST Deposit with MICB -
Deposit with MICB & other banks 89,881
CBM reserve requirement -
Gross loan assets 8,729,987
Loan assets MMK 8,729,987
Less specific provision (166)
Net loan assets 8,729,821
Prepayment and int. receivable 217,005
Prepayment 92,541
Interest receivable - MMK 124,464
Interest receivable - USD -
Other assets 1,721
Investment -
Total fixed assets 494,022
Other tangible assets 494,022
Accu. depre-building & tangible assets (241,862)
Net fixed assets 252,160
Total assets 9,376,486
LIABILITIES  
Total deposits 220,524
Withholding tax 15,335
Accrued expenses and other liabilities 773,999
Health insurance fund 3,988
General provision on loan 174,593
Staff pension fund -
Total liabilities 1,188,439
EQUITY  
Share capital 7,952,286
Position account foreign exchange -
Retained earning previous period (333,665)
Net income current year 569,426
Total equity 8,188,047
Inter-branch balance -
Total liabilities & equity 9,376,486

Income Statement (Unaudited)
October 31, 2014

Description Amounts in USD
Interest on micro 1 business loan 39,633
Interest on micro 2 business loan 181,719
Interest on micro 3 business loan 149
Interest on personal loan -
Interest on bad & doubtful loans 2
Interest on bank deposit -
Total interest income 221,502
Loan fee 10,090
Others commission income -
Income from sale of check book 1,619
Service chrg/penalty saving 942
Miscellaneous income 46
Total other revenues 12,697
Total financial income 234,199
Financial cost  
Interest expense on debts - MMK -
Interest expense on debts - USD -
Interest on deposits 2,493
Total financial cost 2,493
Gross financial result 231,706
Loan loss expense (89,454)
Provision for loan - MMK (89,454)
Currency translation expenses (7,528)
Financial margin 134,724
Operational cost  
Total salaries 113,511
Health insur. & social welfare fund exp. 2,364
Other insurance expenses 324
Employee train-work related expenses 336
Depreciation expenses 13,954
Purchases of FF and equipments 360
Motor vehicle operating expenses 435
Repair and maint exp-FF and equipment 216
Publicity expenses 17
Advertising and promotion expense 2
Rentals charges 14,801
Contribute to employee pension fund 1,748
Employee uniform expense 723
Other employee expenses 234
Bank charges 85
Fees & commission paid to bank -
Swift expense -
Office supplies 1,048
Other miscellaneous expenses 1,087
Printing & forms expenses 2,214
Other taxes expenses -
Telecommunication charges 1,043
Travel charges 3,747
Utilities charges 586
Disposal of fixed assets -
Bank license fees 663
External advice / audit fee -
Board of director expenses 2,495
Total administrative expense 161,992
Profit before capacity building grants (27,268)
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Profit after capacity building grants (27,268)
Tax on P&L on ordinary activities -
Net profit (loss) after taxes (27,268)
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