ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for December 2015


Balance Sheet (Unaudited)
December 31, 2015

Description Amounts in USD
ASSETS  
Total cash 84,794
Cash - MMK 60,362
Cash - USD 24,432
Bank deposits 1,313
Deposit with other banks 649
ST Deposit with other banks -
Current Deposit with other banks 649
Deposit with central bank 664
ST Deposit with MICB -
Current Deposit with MICB 664
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 7,865,572
Micro1 Business Loan 932,923
Micro2 Business Loan 6,932,648
Micro3 Business Loan -
Personal Loan -
Less specific provision (211)
Net loan assets 7,865,361
Prepayment and int. receivable 579,745
Prepayment 451,781
Interest receivable - MMK 127,963
Interest receivable - USD -
Other assets 2,012
Total fixed assets 394,440
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 394,440
Accu. depre-building & tangible assets (342,199)
Net fixed assets 52,241
Total assets 8,585,466
LIABILITIES  
Total deposits 319,392
Withholding tax 41,472
Accrued expenses and other liabilities 762,510
Health insurance fund -
General provision on loan 157,307
Staff pension fund -
Total liabilities 1,280,681
EQUITY  
Share capital 6,111,536
Capacity Building (Grant by ACL) -
General Reserves 125,617
Retained earning previous period 376,851
Currency translation reserve (35,772)
Net income current year 726,554
Total equity 7,304,785
Inter-branch balance -
Total liabilities & equity 8,585,466

Income Statement (Unaudited)
December 31, 2015

Description Amounts in USD
Interest on micro1 business loan 24,208
Interest on micro2 business loan 177,786
Interest on micro3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans 167
Interest on bank deposit -
Income on investment and trading securities -
Total interest income 202,160
Commission received on remittance -
Western Union -
Loan fee 12,466
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 374
Service chrg/penalty saving 348
Consultancy incomes -
Miscellaneous income 68
Recovery on loan prev chrg-off -
Total other revenues 13,256
Total financial income 215,417
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 3,780
Total financial cost 3,780
Gross financial result 211,637
Loan loss expense (699)
Provision for loan - MMK (699)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (704)
Financial margin 210,234
Operational cost  
Total salaries 31,190
Health insur. & social welfare fund exp. (3,403)
Other insurance expenses 290
Employee train-work related expenses 179
Depreciation expenses 10,770
Purchases of FF and equipments 106
ATM/Credit card expenses -
Motor vehicle operating expenses 261
Repair and maint exp-FF and equipment 174
Publicity expenses 188
Advertising and promotion expense 630
Rentals charges 14,073
Contribute to employee pension fund 1,553
Employee uniform expense 1,128
Other employee expenses 5,834
Litigation expenses 1
Bank charges 3
Fees & commission paid to bank -
Swift expense -
Office supplies 961
Other miscellaneous expenses 2,649
Printing & forms expenses 528
Other taxes expenses -
Telecommunication charges 854
Travel charges 5,339
Utilities charges 1,168
Disposal of fixed assets -
ACLEDA Bank MSA 66,177
Bank license fees 509
External advice / audit fee -
Board of director expenses 4,977
Total administrative expense 146,136
Profit before capacity building grants income 64,097
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 64,097
Income tax expense 16,024
Net profit (loss) after taxes 48,073
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