»  Financial Information  »  Financial Statements for May 2015

Financial Statements for May 2015


Balance Sheet (Unaudited)
May 31, 2015

Description Amounts in USD
ASSETS  
Total cash 110,505
Cash - MMK 110,355
Cash - USD 150
Bank deposits 17,131
Deposit with other banks 15,299
ST Deposit with other banks -
Current Deposit with other banks 15,299
Deposit with central bank 1,832
ST Deposit with MICB -
Current Deposit with MICB 1,832
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 8,562,668
Micro1 Business Loan 1,143,140
Micro2 Business Loan 7,418,320
Micro3 Business Loan 1,209
Personal Loan -
Less specific provision (253)
Net loan assets 8,562,415
Prepayment and int. receivable 566,535
Prepayment 433,989
Interest receivable - MMK 132,546
Interest receivable - USD -
Other assets 2,056
Total fixed assets 463,987
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 463,987
Accu. depre-building & tangible assets (314,533)
Net fixed assets 149,454
Total assets 9,408,096
LIABILITIES  
Total deposits 292,123
Withholding tax 27,222
Accrued expenses and other liabilities 905,772
Health insurance fund 1,942
General provision on loan 171,248
Staff pension fund -
Total liabilities 1,398,307
EQUITY  
Share capital 7,339,450
Capacity Building (Grant by ACL) -
General Reserves -
Retained earning previous period 603,423
Currency translation reserve (356)
Net income current year 67,273
Total equity 8,009,789
Inter-branch balance -
Total liabilities & equity 9 ,408,096

Income Statement (Unaudited)
May 31, 2015

Description Amounts in USD
Interest on micro1 business loan 29,379
Interest on micro2 business loan 186,146
Interest on micro3 business loan 23
Interest on personal loan -
Interest on bad & doubtful loans 347
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 215,894
Commission received on remittance -
Western Union -
Loan fee 12,685
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 328
Service chrg/penalty saving 397
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 13,411
Total financial income 229,305
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 3,679
Total financial cost 3,679
Gross financial result 225,625
Loan loss expense (7,010)
Provision for loan - MMK (7,010)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (6,637)
Financial margin 211,979
Operational cost  
Total salaries 36,992
Health insur. & social welfare fund exp. 2,306
Other insurance expenses 290
Employee train-work related expenses 107
Depreciation expenses 13,111
Purchases of FF and equipments 899
ATM/Credit card expenses -
Motor vehicle operating expenses 233
Repair and maint exp-FF and equipment 807
Publicity expenses 17
Advertising and promotion expense -
Rentals charges 14,559
Contribute to employee pension fund 1,802
Employee uniform expense 1,555
Other employee expenses 709
Litigation expenses -
Bank charges 68
Fees & commission paid to bank -
Swift expense -
Office supplies 1,001
Other miscellaneous expenses 676
Printing & forms expenses 620
Other taxes expenses -
Telecommunication charges 869
Travel charges 4,750
Utilities charges 1,081
Disposal of fixed assets -
ACLEDA Bank MSA 78,168
Bank license fees 1,070
External advice / audit fee -
Board of director expenses 3,712
Total administrative expense 165,400
Profit before capacity building grants income 46,579
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 46,579
Income tax expense 11,645
Net profit (loss) after taxes 34,934
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