»  Financial Information  »  Financial Statements for February 2015

Financial Statements for February 2015


Balance Sheet (Unaudited)
February 28, 2015

Description Amounts in USD
ASSETS  
Total cash 105,664
Cash - MMK 105,603
Cash - USD 61
Bank deposits 7,293
Deposit with other banks 1,815
ST Deposit with other banks -
Current Deposit with other banks 1,815
Deposit with central bank 5,478
ST Deposit with MICB -
Current Deposit with MICB 5,478
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 8,899,385
Micro1 Business Loan 1,404,564
Micro2 Business Loan 7,492,252
Micro3 Business Loan 2,569
Personal Loan -
Less specific provision (437)
Net loan assets 8,898,948
Prepayment and int. receivable 450,651
Prepayment 331,087
Interest receivable - MMK 119,564
Interest receivable - USD -
Other assets 1,810
Total fixed assets 487,098
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 487,098
Accu. depre-building & tangible assets (290,604)
Net fixed assets 196,495
Total assets 9,660,861
LIABILITIES  
Total deposits 273,334
Withholding tax 27,492
Accrued expenses and other liabilities 774,909
Health insurance fund 1,791
General provision on loan 177,949
Staff pension fund -
Total liabilities 1,255,475
EQUITY  
Share capital 7,789,679
Position account foreign exchange -
Capacity Building (Grant by ACL) -
General Reserves -
Retained earning previous period (326,842)
Net income current year 942,550
Total equity 8,405,387
Inter-branch balance -
Total liabilities & equity 9,660,861

Income Statement (Unaudited)
February 28, 2015

Description Amounts in USD
Interest on micro1 business loan 33,201
Interest on micro2 business loan 175,347
Interest on micro3 business loan 61
Interest on personal loan -
Interest on bad & doubtful loans 342
Income on investment and trading securities -
Interest on bank deposit -
Total interest income 208,951
Commission received on remittance -
Western Union -
Loan fee 13,540
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 701
Service chrg/penalty saving 630
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 14,871
Total financial income 223,823
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 3,000
Total financial cost 3,000
Gross financial result 220,822
Loan loss expense 690
Provision for loan - MMK 690
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (1,099)
Financial margin 220,414
Operational cost  
Total salaries 38,016
Health insur. & social welfare fund exp. 3,144
Other insurance expenses 290
Employee train-work related expenses -
Depreciation expenses 12,437
Purchases of FF and equipments 261
ATM/Credit card expenses -
Motor vehicle operating expenses 242
Repair and maint exp-FF and equipment 330
Publicity expenses 24
Advertising and promotion expense 470
Rentals charges 15,452
Contribute to employee pension fund 1,767
Employee uniform expense 1,557
Other employee expenses 97
Litigation expenses -
Bank charges 1
Fees & commission paid to bank -
Swift expense -
Office supplies 1,142
Other miscellaneous expenses 1,061
Printing & forms expenses 1,711
Other taxes expenses -
Telecommunication charges 954
Travel charges 5,083
Utilities charges 1,062
Disposal of fixed assets -
ACLEDA Bank MSA 79,743
Bank license fees 649
External advice / audit fee 2,020
Board of director expenses 3,998
Total administrative expense 171,511
Profit before capacity building grants 48,903
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 48,903
Income tax expense 12,226
Net profit (loss) after taxes 36,678
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