ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for September 2015


Balance Sheet (Unaudited)
September 30, 2015

Description Amounts in USD
ASSETS  
Total cash 78,734
Cash - MMK 49,506
Cash - USD 29,228
Bank deposits 1,259
Deposit with other banks 586
ST Deposit with other banks -
Current Deposit with other banks 586
Deposit with central bank 673
ST Deposit with MICB -
Current Deposit with MICB 673
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 7,763,102
Micro1 Business Loan 1,026,620
Micro2 Business Loan 6,736,106
Micro3 Business Loan 376
Personal Loan -
Less specific provision (214)
Net loan assets 7,762,888
Prepayment and int. receivable 463,298
Prepayment 347,872
Interest receivable - MMK 115,426
Interest receivable - USD -
Other assets 1,635
Total fixed assets 400,325
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 400,325
Accu. depre-building & tangible assets (314,798)
Net fixed assets 85,527
Total assets 8,393,340
LIABILITIES  
Total deposits 294,377
Withholding tax 39,871
Accrued expenses and other liabilities 622,115
Health insurance fund 4,067
General provision on loan 155,258
Staff pension fund -
Total liabilities 1,115,688
EQUITY  
Share capital 6,216,006
Capacity Building (Grant by ACL) -
General Reserves 127,764
Retained earning previous period 383,293
Currency translation reserve (24,851)
Net income current year 575,439
Total equity 7,277,652
Inter-branch balance -
Total liabilities & equity 8,393,340

Income Statement (Unaudited)
September 30, 2015

Description Amounts in USD
Interest on micro1 business loan 25,542
Interest on micro2 business loan 166,566
Interest on micro3 business loan 5
Interest on personal loan -
Interest on bad & doubtful loans 329
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 192,443
Commission received on remittance -
Western Union -
Loan fee 11,982
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 515
Service chrg/penalty saving 354
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 12,851
Total financial income 205,294
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 3,490
Total financial cost 3,490
Gross financial result 201,805
Loan loss expense (2,651)
Provision for loan - MMK (2,651)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (109)
Financial margin 199,045
Operational cost  
Total salaries 30,409
Health insur. & social welfare fund exp. 2,569
Other insurance expenses 290
Employee train-work related expenses -
Depreciation expenses 10,629
Purchases of FF and equipments 139
ATM/Credit card expenses -
Motor vehicle operating expenses 324
Repair and maint exp-FF and equipment 301
Publicity expenses 3,184
Advertising and promotion expense -
Rentals charges 12,498
Contribute to employee pension fund 1,556
Employee uniform expense 1,417
Other employee expenses 273
Litigation expenses -
Bank charges 2
Fees & commission paid to bank -
Swift expense -
Office supplies 767
Other miscellaneous expenses 988
Printing & forms expenses 504
Other taxes expenses -
Telecommunication charges 740
Travel charges 4,213
Utilities charges 1,177
Disposal of fixed assets -
ACLEDA Bank MSA 62,916
Bank license fees 518
External advice / audit fee -
Board of director expenses 7,036
Total administrative expense 142,448
Profit before capacity building grants income 56,597
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 56,597
Income tax expense 14,149
Net profit (loss) after taxes 42,448
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