»  Financial Information  »  Financial Statements for December 2014

Financial Statements for December 2014


Balance Sheet (Unaudited)
December 31, 2014

Description Amounts in USD
ASSETS  
Total cash 120,316
Cash - MMK 120,248
Cash - USD 68
Bank deposits 10,402
ST Deposit with MICB -
Deposit with MICB & other banks 10,402
CBM reserve requirement -
Gross loan assets 8,790,629
Loan assets MMK 8,790,629
Less specific provision (219)
Net loan assets 8,790,409
Prepayment and int. receivable 295,285
Prepayment 163,932
Interest receivable - MMK 131,353
Interest receivable - USD -
Other assets 2,072
Investment -
Total fixed assets 485,647
Other tangible assets 485,647
Accu. depre-building & tangible assets (264,668)
Net fixed assets 220,980
Total assets 9,439,464
LIABILITIES  
Total deposits 230,411.35
Withholding tax 41,635
Accrued expenses and other liabilities 686,190
Health insurance fund -
General provision on loan 175,807
Staff pension fund -
Total liabilities 1,134,043
EQUITY  
Share capital 7,797,271
Position account foreign exchange -
General Reserves -
Retained earning previous period (327,160)
Net income current year 835,310
Total equity 8,305,421
Inter-branch balance -
Total liabilities & equity 9,439,464

Income Statement (Unaudited)
December 31, 2014

Description Amounts in USD
Interest on micro 1 business loan 39,674
Interest on micro 2 business loan 186,104
Interest on micro 3 business loan 107
Interest on personal loan -
Interest on bad & doubtful loans 374
Interest on bank deposit -
Total interest income 226,260
Loan fee 12,380
Others commission income -
Income from sale of check book 994
Service chrg/penalty saving 1,357
Miscellaneous income -
Total other revenues 14,730
Total financial income 240,990
Financial cost  
Interest expense on debts - MMK -
Interest expense on debts - USD -
Interest on deposits 2,782
Total financial cost 2,782
Gross financial result 238,207
Loan loss expense (355)
Provision for loan - MMK (355)
Currency translation expenses 1,404
Financial margin 239,261
Operational cost  
Total salaries 114,546
Health insur. & social welfare fund exp. (3,930)
Other insurance expenses 325
Employee train-work related expenses (13)
Depreciation expenses 13,727
Purchases of FF and equipments 427
Motor vehicle operating expenses 495
Repair and maint exp-FF and equipment 292
Publicity expenses 3,675
Advertising and promotion expense 10
Rentals charges 15,467
Contribute to employee pension fund 1,787
Employee uniform expense 711
Other employee expenses 8,729
Bank charges 16
Fees & commission paid to bank -
Swift expense -
Office supplies 1,315
Other miscellaneous expenses 1,014
Printing & forms expenses 2,087
Other taxes expenses -
Telecommunication charges 1,067
Travel charges 6,443
Utilities charges 1,134
Disposal of fixed assets -
Bank license fees 650
External advice / audit fee 1,754
Board of director expenses 6,993
Total administrative expense 178,724
Profit before capacity building grants 60,537
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) 447,978
Capapcity building grants income (COFIBRED) -
Profit after capacity building grants 508,515
Tax on P&L on ordinary activities 256,870
Net profit (loss) after taxes 251,645
Feedback Form     Legal Notice     Find us on Facebook
Online Visitors: 12    Today‚Äč Visitors: 151    Yesterday Visitors: 293