ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for January 2015


Balance Sheet (Unaudited)
January 30, 2015

Description Amounts in USD
ASSETS  
Total cash 94,543
Cash - MMK 94,482
Cash - USD 61
Bank deposits 7,581
Deposit with other banks 974
ST Deposit with other banks -
Current Deposit with other banks 974
Deposit with central bank 6,607
ST Deposit with MICB -
Current Deposit with MICB 6,607
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 8,957,819
Micro1 Business Loan 1,455,661
Micro2 Business Loan 7,499,143
Micro3 Business Loan 2,740
Personal Loan 275
Less specific provision (275)
Net loan assets 8,957,544
Prepayment and int. receivable 337,386
Prepayment 200,541
Interest receivable - MMK 136,845
Interest receivable - USD -
Other assets 1,816
Total fixed assets 487,125
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 487,125
Accu. depre-building & tangible assets (278,648)
Net fixed assets 208,477
Total assets 9,607,348
LIABILITIES  
Total deposits 259,906
Withholding tax 55,274
Accrued expenses and other liabilities 744,137
Health insurance fund 1,115
General provision on loan 179,151
Staff pension fund -
Total liabilities 1,239,582
EQUITY  
Share capital 7,804,878
Position account foreign exchange 495
Capacity Building (Grant by ACL) -
General Reserves -
Retained earning previous period (327,480)
Net income current year 889,873
Total equity 8,367,766
Inter-branch balance -
Total liabilities & equity 9,607,348

Income Statement (Unaudited)
January 30, 2015

Description Amounts in USD
Interest on micro1 business loan 38,445
Interest on micro2 business loan 190,785
Interest on micro3 business loan 90
Interest on personal loan -
Interest on bad & doubtful loans 368
Income on investment and trading securities -
Interest on bank deposit -
Total interest income 229,688
Commission received on remittance -
Western Union -
Loan fee 13,127
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 819
Service chrg/penalty saving 885
Consultancy incomes -
Miscellaneous income 10
Recovery on loan prev chrg-off -
Total other revenues 14,841
Total financial income 244,529
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 3,066
Total financial cost 3,066
Gross financial result 241,463
Loan loss expense (3,228)
Provision for loan - MMK (3,228)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest 2
ATM/Credit card provision expense -
Currency translation expenses 439
Financial margin 238,676
Operational cost  
Total salaries 35,920
Health insur. & social welfare fund exp. 2,410
Other insurance expenses 281
Employee train-work related expenses 229
Depreciation expenses 13,750
Purchases of FF and equipments 518
ATM/Credit card expenses -
Motor vehicle operating expenses 391
Repair and maint exp-FF and equipment 89
Publicity expenses 650
Advertising and promotion expense 634
Rentals charges 15,482
Contribute to employee pension fund 1,767
Employee uniform expense 1,341
Other employee expenses 720
Litigation expenses -
Bank charges 5
Fees & commission paid to bank -
Swift expense -
Office supplies 1,207
Other miscellaneous expenses 1,044
Printing & forms expenses 1,703
Other taxes expenses -
Telecommunication charges 882
Travel charges 2,752
Utilities charges 454
Disposal of fixed assets -
ACLEDA Bank MSA 79,607
Bank license fees 650
External advice / audit fee 586
Board of director expenses 2,500
Total administrative expense 165,572
Profit before capacity building grants 73,104
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 73,104
Income tax expense 18,276
Net profit (loss) after taxes 54,828
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