ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for July 2016


Balance Sheet (Unaudited)
As of July 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,187
Description Total
ASSETS  
Total cash 213,114
Cash - MMK 207,046
Cash - USD 6,068
Bank deposits 439,878
Deposit with other banks 395,091
ST Deposit with other banks -
Current Deposit with other banks 395,091
Deposit with central bank 44,787
ST Deposit with MICB -
Current Deposit with MICB 44,787
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 11,617,520
Micro1 Business Loan 823,685
Micro2 Business Loan 10,793,345
Micro3 Business Loan 490
Personal Loan -
Less specific provision (368)
Net loan assets 11,617,153
Prepayment and int. receivable 713,742
Prepayment 520,086
Interest receivable - MMK 193,656
Interest receivable - USD -
Other assets 1,928
Total fixed assets 431,729
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 431,729
Accu. depre-building & tangible assets (414,216)
Net fixed assets 17,513
Total assets 13,003,328
LIABILITIES  
Total deposits 410,194
Withholding tax 11,430
Accrued expenses and other liabilities 1,010,807
Health insurance fund 2,549
General provision on loan 232,341
Staff pension fund -
Long-term debts 2,949,452
Total liabilities 4,616,773
EQUITY  
Share capital 6,739,680
Capacity Building (Grant by ACL) -
General Reserves 352,285
Retained earning previous period 1,056,854
Currency translation reserve (1,135)
Net income current year 238,871
Total equity 8,386,555
Inter-branch balance -
Total liabilities & equity 13,003,328

Income Statement (Unaudited)
For: July 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,187
Description Total
Interest on micro1 business loan 20,123
Interest on micro2 business loan 265,191
Interest on micro3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans 279
Interest on bank deposit 2,724
Income on investment and trading securities -
Total interest income 288,316
Commission received on remittance -
Western Union -
Loan fee 16,144
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 826
Service chrg/penalty saving 600
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 17,570
Total financial income 305,886
Financial cost  
Interest expense on debts - MMK 33,017
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 5,040
Total financial cost 38,057
Gross financial result 267,829
Loan loss expense (16,029)
Provision for loan - MMK (16,029)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (1,866)
Financial margin 249,934
Operational cost  
Total salaries 34,203
Health insur. & social welfare fund exp. 2,166
Other insurance expenses 306
Employee train-work related expenses 289
Depreciation expenses 4,881
Purchases of FF and equipments 381
ATM/Credit card expenses -
Motor vehicle operating expenses 271
Repair and maint exp-FF and equipment 320
Publicity expenses 86
Advertising and promotion expense -
Rentals charges 15,806
Contribute to employee pension fund 1,493
Employee uniform expense 1,236
Other employee expenses 1,225
Litigation expenses -
Bank charges 87
Fees & commission paid to bank 2,125
Swift expense -
Office supplies 1,524
Other miscellaneous expenses 1,214
Printing & forms expenses 910
Other taxes expenses -
Telecommunication charges 913
Travel charges 4,533
Utilities charges 763
Disposal of fixed assets -
ACLEDA Bank MSA 59,882
Bank license fees 562
External advice / audit fee 126
Board of director expenses 8,703
Total administrative expense 144,004
Profit before capacity building grants income 105,929
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 105,929
Income tax expense 26,482
Net profit (loss) after taxes 79,447
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