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Financial Statements for August 2015


Balance Sheet (Unaudited)
August 31, 2015

Description Amounts in USD
ASSETS  
Total cash 85,263
Cash - MMK 60,390
Cash - USD 24,873
Bank deposits 1,201
Deposit with other banks 522
ST Deposit with other banks -
Current Deposit with other banks 522
Deposit with central bank 679
ST Deposit with MICB -
Current Deposit with MICB 679
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 7,714,478
Micro1 Business Loan 1,039,028
Micro2 Business Loan 6,674,906
Micro3 Business Loan 544
Personal Loan -
Less specific provision (217)
Net loan assets 7,714,261
Prepayment and int. receivable 469,048
Prepayment 347,627
Interest receivable - MMK 121,421
Interest receivable - USD -
Other assets 1,487
Total fixed assets 404,176
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 404,176
Accu. depre-building & tangible assets (307,085)
Net fixed assets 97,092
Total assets 8,368,352
LIABILITIES  
Total deposits 288,820
Withholding tax 26,393
Accrued expenses and other liabilities 580,642
Health insurance fund 3,438
General provision on loan 154,285
Staff pension fund -
Total liabilities 1,053,577
EQUITY  
Share capital 6,284,368
Capacity Building (Grant by ACL) -
General Reserves 129,169
Retained earning previous period 387,508
Currency translation reserve (19,262)
Net income current year 532,992
Total equity 7,314,775
Inter-branch balance -
Total liabilities & equity 8,368,352

Income Statement (Unaudited)
August 31, 2015

Description Amounts in USD
Interest on micro1 business loan 26,462
Interest on micro2 business loan 170,636
Interest on micro3 business loan 9
Interest on personal loan -
Interest on bad & doubtful loans 171
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 197,278
Commission received on remittance -
Western Union -
Loan fee 11,737
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 549
Service chrg/penalty saving 292
Consultancy incomes -
Miscellaneous income 2
Recovery on loan prev chrg-off -
Total other revenues 12,580
Total financial income 209,859
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 3,505
Total financial cost 3,505
Gross financial result 206,354
Loan loss expense (2,730)
Provision for loan - MMK (2,730)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (6,776)
Financial margin 196,848
Operational cost  
Total salaries 30,169
Health insur. & social welfare fund exp. 2,068
Other insurance expenses 292
Employee train-work related expenses 194
Depreciation expenses 11,080
Purchases of FF and equipments 33
ATM/Credit card expenses -
Motor vehicle operating expenses 241
Repair and maint exp-FF and equipment 174
Publicity expenses 24
Advertising and promotion expense -
Rentals charges 12,635
Contribute to employee pension fund 1,568
Employee uniform expense 1,260
Other employee expenses 558
Litigation expenses -
Bank charges -
Fees & commission paid to bank -
Swift expense -
Office supplies 874
Other miscellaneous expenses 735
Printing & forms expenses 751
Other taxes expenses -
Telecommunication charges 602
Travel charges 4,322
Utilities charges 426
Disposal of fixed assets -
ACLEDA Bank MSA 68,517
Bank license fees 524
External advice / audit fee -
Board of director expenses 2,501
Total administrative expense 139,549
Profit before capacity building grants income 57,299
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) 300,000
Total capacity building grants 300,000
Profit before income tax 357,299
Income tax expense 89,325
Net profit (loss) after taxes 267,975
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