»  Financial Information  »  Financial Statements for July 2015

Financial Statements for July 2015


Balance Sheet (Unaudited)
July 31, 2015

Description Amounts in USD
ASSETS  
Total cash 100,397
Cash - MMK 51,024
Cash - USD 49,373
Bank deposits 1,149
Deposit with other banks 471
ST Deposit with other banks -
Current Deposit with other banks 471
Deposit with central bank 678
ST Deposit with MICB -
Current Deposit with MICB 678
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 7,804,810
Micro1 Business Loan 1,045,180
Micro2 Business Loan 6,758,901
Micro3 Business Loan 729
Personal Loan -
Less specific provision (223)
Net loan assets 7,804,587
Prepayment and int. receivable 501,416
Prepayment 376,239
Interest receivable - MMK 125,177
Interest receivable - USD -
Other assets 1,742
Total fixed assets 415,189
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 415,189
Accu. depre-building & tangible assets (304,446)
Net fixed assets 110,743
Total assets 8,520,034
LIABILITIES  
Total deposits 284,700
Withholding tax 48,473
Accrued expenses and other liabilities 770,137
Health insurance fund 2,883
General provision on loan 156,092
Staff pension fund -
Total liabilities 1,262,286
EQUITY  
Share capital 6,472,492
Capacity Building (Grant by ACL) -
General Reserves 133,036
Retained earning previous period 399,109
Currency translation reserve (11,906)
Net income current year 265,017
Total equity 7,257,748
Inter-branch balance -
Total liabilities & equity 8,520,034

Income Statement (Unaudited)
July 31, 2015

Description Amounts in USD
Interest on micro1 business loan 27,215
Interest on micro2 business loan 172,430
Interest on micro3 business loan 13
Interest on personal loan -
Interest on bad & doubtful loans 210
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 199,867
Commission received on remittance -
Western Union -
Loan fee 11,913
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 405
Service chrg/penalty saving 361
Consultancy incomes -
Miscellaneous income 4
Recovery on loan prev chrg-off -
Total other revenues 12,682
Total financial income 212,550
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 3,480
Total financial cost 3,480
Gross financial result 209,069
Loan loss expense (2,126)
Provision for loan - MMK (2,126)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (48,009)
Financial margin 158,934
Operational cost  
Total salaries 30,910
Health insur. & social welfare fund exp. 2,703
Other insurance expenses 291
Employee train-work related expenses 95
Depreciation expenses 11,408
Purchases of FF and equipments (57)
ATM/Credit card expenses -
Motor vehicle operating expenses 237
Repair and maint exp-FF and equipment 608
Publicity expenses 952
Advertising and promotion expense -
Rentals charges 13,014
Contribute to employee pension fund 1,550
Employee uniform expense 1,332
Other employee expenses 1,781
Litigation expenses -
Bank charges 6
Fees & commission paid to bank -
Swift expense -
Office supplies 1,133
Other miscellaneous expenses 711
Printing & forms expenses 666
Other taxes expenses -
Telecommunication charges 826
Travel charges 4,206
Utilities charges 635
Disposal of fixed assets -
ACLEDA Bank MSA 67,808
Bank license fees 539
External advice / audit fee -
Board of director expenses 1,599
Total administrative expense 142,953
Profit before capacity building grants income 15,981
Capapcity building grants income (IFC) 200,000
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants 200,000
Profit before income tax 215,981
Income tax expense 53,995
Net profit (loss) after taxes 161,986
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