»  Financial Information  »  Financial Statements for March 2015

Financial Statements for March 2015


Balance Sheet (Unaudited)
March 31, 2015

Description Amounts in USD
ASSETS  
Total cash 90,617
Cash - MMK 90,477
Cash - USD 140
Bank deposits 6,383
Deposit with other banks 2,091
ST Deposit with other banks -
Current Deposit with other banks 2,091
Deposit with central bank 4,292
ST Deposit with MICB -
Current Deposit with MICB 4,292
Gross loan assets 8,846,618
Micro1 Business Loan 1,326,431
Micro2 Business Loan 7,518,058
Micro3 Business Loan 2,130
Personal Loan -
Less specific provision (269)
Net loan assets 8,846,349
Prepayment and int. receivable 634,502
Prepayment 494,144
Interest receivable - MMK 140,358
Interest receivable - USD -
Other assets 1,621
Total fixed assets 488,150
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 488,150
Accu. depre-building & tangible assets (304,398)
Net fixed assets 183,752
Total assets 9,763,224
LIABILITIES  
Total deposits 302,643
Withholding tax -
Accrued expenses and other liabilities 853,536
Health insurance fund -
General provision on loan 176,927
Staff pension fund -
Total liabilities 1,333,107
EQUITY  
Share capital 7,789,679
Position account foreign exchange -
General Reserves -
Retained earning previous period (326,842)
Net income current year 967,281
Total equity 8,430,118
Inter-branch balance -
Total liabilities & equity 9,763,224

Income Statement (Unaudited)
March 31, 2015

Description Amounts in USD
Interest on micro1 business loan 34,999
Interest on micro2 business loan 193,075
Interest on micro3 business loan 57
Interest on personal loan -
Interest on bad & doubtful loans 414
Interest on bank deposit -
Total interest income 228,545
Loan fee 14,384
Income from sale of check book 523
Service chrg/penalty saving 784
Miscellaneous income 1
Total other revenues 15,693
Total financial income 244,237
Financial cost  
Interest expense on debts - MMK -
Interest expense on debts - USD -
Interest on deposits 3,538
Total financial cost 3,538
Gross financial result 240,699
Loan loss expense 1,190
Provision for loan - MMK 1,190
Provision for accrued interest -
Currency translation expenses (1,496)
Financial margin 240,394
Operational cost  
Total salaries 38,223
Health insur. & social welfare fund exp. (196)
Other insurance expenses 290
Employee train-work related expenses -
Depreciation expenses 13,794
Purchases of FF and equipments 267
ATM/Credit card expenses -
Motor vehicle operating expenses 273
Repair and maint exp-FF and equipment 231
Publicity expenses 353
Advertising and promotion expense -
Rentals charges 15,452
Contribute to employee pension fund 1,769
Employee uniform expense 1,537
Other employee expenses 3,474
Litigation expenses -
Bank charges 3
Fees & commission paid to bank -
Swift expense -
Office supplies 956
Other miscellaneous expenses 1,016
Printing & forms expenses 814
Other taxes expenses -
Telecommunication charges 1,295
Travel charges 5,459
Utilities charges 1,498
Disposal of fixed assets -
ACLEDA Bank MSA 88,233
Bank license fees 649
External advice / audit fee 2,240
Board of director expenses 7,000
Total administrative expense 184,629
Profit before capacity building grants 55,765
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 55,765
Income tax expense 13,941
Net profit (loss) after taxes 41,824
Feedback Form     Legal Notice     Find us on Facebook
Online Visitors: 16    Today‚Äč Visitors: 98    Yesterday Visitors: 293