ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for May 2016


Balance Sheet (Unaudited)
As of May 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,182
Description Total
ASSETS  
Total cash 253,441
Cash - MMK 198,197
Cash - USD 55,244
Bank deposits 1,945,453
Deposit with other banks 1,436,271
ST Deposit with other banks -
Current Deposit with other banks 1,436,271
Deposit with central bank 509,182
ST Deposit with MICB -
Current Deposit with MICB 509,182
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 9,792,867
Micro1 Business Loan 738,821
Micro2 Business Loan 9,053,419
Micro3 Business Loan -
Personal Loan 627
Less specific provision (317)
Net loan assets 9,792,550
Prepayment and int. receivable 655,058
Prepayment 493,659
Interest receivable - MMK 161,399
Interest receivable - USD -
Other assets 1,495
Total fixed assets 431,828
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 431,828
Accu. depre-building & tangible assets (406,141)
Net fixed assets 25,686
Total assets 12,673,684
LIABILITIES  
Total deposits 389,672
Withholding tax 21,559
Accrued expenses and other liabilities 814,700
Health insurance fund 1,397
General provision on loan 195,844
Staff pension fund -
Long-term debts 2,961,929
Total liabilities 4,385,101
EQUITY  
Share capital 6,768,190
Capacity Building (Grant by ACL) -
General Reserves 139,114
Retained earning previous period 1,275,985
Currency translation reserve (420)
Net income current year 105,714
Total equity 8,288,583
Inter-branch balance -
Total liabilities & equity 12,673,684

Income Statement (Unaudited)
For: May 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,182
Description Total
Interest on micro1 business loan 18,694
Interest on micro2 business loan 217,010
Interest on micro3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans 196
Interest on bank deposit 4,258
Income on investment and trading securities -
Total interest income 240,157
Commission received on remittance -
Western Union -
Loan fee 14,068
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 409
Service chrg/penalty saving 524
Consultancy incomes -
Miscellaneous income 4
Recovery on loan prev chrg-off -
Total other revenues 15,005
Total financial income 255,162
Financial cost  
Interest expense on debts - MMK 28,879
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 4,624
Total financial cost 33,503
Gross financial result 221,659
Loan loss expense (22,180)
Provision for loan - MMK (22,180)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest (4)
ATM/Credit card provision expense -
Currency translation expenses (2,581)
Financial margin 196,893
Operational cost  
Total salaries 34,248
Health insur. & social welfare fund exp. 2,356
Other insurance expenses 306
Employee train-work related expenses 7,234
Depreciation expenses 4,857
Purchases of FF and equipments 269
ATM/Credit card expenses -
Motor vehicle operating expenses 252
Repair and maint exp-FF and equipment 565
Publicity expenses 40
Advertising and promotion expense -
Rentals charges 15,585
Contribute to employee pension fund 1,486
Employee uniform expense 1,619
Other employee expenses 1,023
Litigation expenses -
Bank charges 219
Fees & commission paid to bank 7,783
Swift expense -
Office supplies 1,724
Other miscellaneous expenses 1,017
Printing & forms expenses 646
Other taxes expenses -
Telecommunication charges 987
Travel charges 4,384
Utilities charges 1,515
Disposal of fixed assets -
ACLEDA Bank MSA 58,842
Bank license fees 564
External advice / audit fee -
Board of director expenses 2,972
Total administrative expense 150,493
Profit before capacity building grants income 46,400
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 46,400
Income tax expense 11,600
Net profit (loss) after taxes 34,800
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