ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for June 2016


Balance Sheet (Unaudited)
As of June 30, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,181
Description Total
ASSETS  
Total cash 273,378
Cash - MMK 245,317
Cash - USD 28,061
Bank deposits 1,035,942
Deposit with other banks 272,307
ST Deposit with other banks -
Current Deposit with other banks 272,307
Deposit with central bank 763,635
ST Deposit with MICB -
Current Deposit with MICB 763,635
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 10,877,192
Micro1 Business Loan 774,644
Micro2 Business Loan 10,102,547
Micro3 Business Loan -
Personal Loan -
Less specific provision (246)
Net loan assets 10,876,945
Prepayment and int. receivable 689,900
Prepayment 507,890
Interest receivable - MMK 182,010
Interest receivable - USD -
Other assets 2,954
Total fixed assets 433,159
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 433,159
Accu. depre-building & tangible assets (411,167)
Net fixed assets 21,993
Total assets 12,901,111
LIABILITIES  
Total deposits 423,778
Withholding tax 33,100
Accrued expenses and other liabilities 910,714
Health insurance fund 2,236
General provision on loan 217,534
Staff pension fund -
Long-term debts 2,964,437
Total liabilities 4,551,799
EQUITY  
Share capital 6,773,920
Capacity Building (Grant by ACL) -
General Reserves 354,074
Retained earning previous period 1,062,223
Currency translation reserve (331)
Net income current year 159,425
Total equity 8,349,312
Inter-branch balance -
Total liabilities & equity 12,901,111

Income Statement (Unaudited)
For: June 30, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,181
Description Total
Interest on micro1 business loan 18,462
Interest on micro2 business loan 236,073
Interest on micro3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans 244
Interest on bank deposit 0
Income on investment and trading securities -
Total interest income 254,779
Commission received on remittance -
Western Union -
Loan fee 14,295
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 625
Service chrg/penalty saving 502
Consultancy incomes -
Miscellaneous income 9
Recovery on loan prev chrg-off -
Total other revenues 15,432
Total financial income 270,211
Financial cost  
Interest expense on debts - MMK 32,115
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 4,720
Total financial cost 36,835
Gross financial result 233,376
Loan loss expense (21,454)
Provision for loan - MMK (21,454)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest 4
ATM/Credit card provision expense -
Currency translation expenses 404
Financial margin 212,331
Operational cost  
Total salaries 33,757
Health insur. & social welfare fund exp. 2,540
Other insurance expenses 306
Employee train-work related expenses 467
Depreciation expenses 4,725
Purchases of FF and equipments 155
ATM/Credit card expenses -
Motor vehicle operating expenses 300
Repair and maint exp-FF and equipment 178
Publicity expenses 2,109
Advertising and promotion expense 191
Rentals charges 15,725
Contribute to employee pension fund 1,505
Employee uniform expense 1,442
Other employee expenses 833
Litigation expenses -
Bank charges 244
Fees & commission paid to bank 2,084
Swift expense -
Office supplies 1,476
Other miscellaneous expenses 1,464
Printing & forms expenses 1,013
Other taxes expenses -
Telecommunication charges 1,006
Travel charges 3,360
Utilities charges 1,126
Disposal of fixed assets -
ACLEDA Bank MSA 60,385
Bank license fees 564
External advice / audit fee -
Board of director expenses 3,763
Total administrative expense 140,717
Profit before capacity building grants income 71,614
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 71,614
Income tax expense 17,903
Net profit (loss) after taxes 53,710
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