ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for November 2015


Balance Sheet (Unaudited)
November 30, 2015

Description Amounts in USD
ASSETS  
Total cash 117,678
Cash - MMK 117,412
Cash - USD 266
Bank deposits 1,944
Deposit with other banks 1,277
ST Deposit with other banks -
Current Deposit with other banks 1,277
Deposit with central bank 667
ST Deposit with MICB -
Current Deposit with MICB 667
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 7,884,847
Micro1 Business Loan 958,954
Micro2 Business Loan 6,925,893
Micro3 Business Loan -
Personal Loan -
Less specific provision (212)
Net loan assets 7,884,635
Prepayment and int. receivable 444,696
Prepayment 323,738
Interest receivable - MMK 120,958
Interest receivable - USD -
Other assets 1,420
Total fixed assets 396,824
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 396,824
Accu. depre-building & tangible assets (333,428)
Net fixed assets 63,396
Total assets 8,513,769
LIABILITIES  
Total deposits 304,410
Withholding tax 27,964
Accrued expenses and other liabilities 711,935
Health insurance fund 4,817
General provision on loan 157,693
Staff pension fund -
Total liabilities 1,206,818
EQUITY  
Share capital 6,153,846
Capacity Building (Grant by ACL) -
General Reserves 126,487
Retained earning previous period 379,460
Currency translation reserve (31,323)
Net income current year 678,481
Total equity 7,306,951
Inter-branch balance -
Total liabilities & equity 8,513,769

Income Statement (Unaudited)
November 30, 2015

Description Amounts in USD
Interest on micro1 business loan 24,486
Interest on micro2 business loan 170,917
Interest on micro3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans 262
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 195,665
Commission received on remittance -
Western Union -
Loan fee 12,097
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 389
Service chrg/penalty saving 266
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 12,752
Total financial income 208,417
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 3,641
Total financial cost 3,641
Gross financial result 204,776
Loan loss expense (2,173)
Provision for loan - MMK (2,173)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (1,220)
Financial margin 201,383
Operational cost  
Total salaries 31,449
Health insur. & social welfare fund exp. 2,023
Other insurance expenses 290
Employee train-work related expenses -
Depreciation expenses 10,489
Purchases of FF and equipments -
ATM/Credit card expenses -
Motor vehicle operating expenses 178
Repair and maint exp-FF and equipment 1,122
Publicity expenses 60
Advertising and promotion expense 62
Rentals charges 12,386
Contribute to employee pension fund 1,550
Employee uniform expense 1,320
Other employee expenses 614
Litigation expenses -
Bank charges -
Fees & commission paid to bank -
Swift expense -
Office supplies 977
Other miscellaneous expenses 810
Printing & forms expenses 622
Other taxes expenses -
Telecommunication charges 869
Travel charges 2,804
Utilities charges 751
Disposal of fixed assets -
ACLEDA Bank MSA 66,426
Bank license fees 513
External advice / audit fee -
Board of director expenses 1,494
Total administrative expense 136,807
Profit before capacity building grants income 64,576
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 64,576
Income tax expense 16,144
Net profit (loss) after taxes 48,432
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