»  Financial Information  »  Financial Statements for April 2015

Financial Statements for April 2015


Balance Sheet (Unaudited)
April 30, 2015

Description Amounts in USD
ASSETS  
Total cash 186,003
Cash - MMK 185,853
Cash - USD 150
Bank deposits 189,587
Deposit with other banks 186,608
ST Deposit with other banks -
Current Deposit with other banks 186,608
Deposit with central bank 2,979
ST Deposit with MICB -
Current Deposit with MICB 2,979
Gross loan assets 8,276,812
Micro1 Business Loan 1,148,548
Micro2 Business Loan 7,120,150
Micro3 Business Loan 8,114
Personal Loan -
Less specific provision (926)
Net loan assets 8,275,886
Prepayment and int. receivable 562,687
Prepayment 458,392
Interest receivable - MMK 104,294
Interest receivable - USD -
Other assets 1,600
Total fixed assets 468,585
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 468,585
Accu. depre-building & tangible assets (304,382)
Net fixed assets 164,203
Total assets 9,379,966
LIABILITIES  
Total deposits 287,738
Withholding tax 15,042
Accrued expenses and other liabilities 847,025
Health insurance fund 1,136
General provision on loan 165,397
Staff pension fund -
Total liabilities 1,316,338
EQUITY  
Share capital 7,421,150
Position account foreign exchange -
General Reserves -
Retained earning previous period 610,140
Net income current year 32,338
Total equity 8,063,628
Inter-branch balance -
Total liabilities & equity 9,379,966

Income Statement (Unaudited)
April 30, 2015

Description Amounts in USD
Interest on micro1 business loan 29,726
Interest on micro2 business loan 178,102
Interest on micro3 business loan 40
Interest on personal loan -
Interest on bad & doubtful loans 633
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 208,501
Commission received on remittance -
Western Union -
Loan fee 13,244
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 276
Service chrg/penalty saving 452
Consultancy incomes -
Miscellaneous income 3
Recovery on loan prev chrg-off -
Total other revenues 13,976
Total financial income 222,477
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 3,724
Total financial cost 3,724
Gross financial result 218,753
Loan loss expense 2,490
Provision for loan - MMK 2,490
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (18,047)
Financial margin 203,196
Operational cost  
Total salaries 33,715
Health insur. & social welfare fund exp. 2,421
Other insurance expenses 290
Employee train-work related expenses -
Depreciation expenses 12,800
Purchases of FF and equipments 80
ATM/Credit card expenses -
Motor vehicle operating expenses 154
Repair and maint exp-FF and equipment 152
Publicity expenses 11
Advertising and promotion expense -
Rentals charges 14,721
Contribute to employee pension fund 1,799
Employee uniform expense 1,469
Other employee expenses 13
Litigation expenses -
Bank charges 3
Fees & commission paid to bank -
Swift expense -
Office supplies 839
Other miscellaneous expenses 2,627
Printing & forms expenses 481
Other taxes expenses -
Telecommunication charges 671
Travel charges 5,126
Utilities charges 1,074
Disposal of fixed assets -
ACLEDA Bank MSA 78,523
Bank license fees 618
External advice / audit fee -
Board of director expenses 2,493
Total administrative expense 160,079
Profit before capacity building grants income 43,117
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 43,117
Income tax expense 10,779
Net profit (loss) after taxes 32,338
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