ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for August 2016


Balance Sheet (Unaudited)
As of August 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,208
Description Total
ASSETS  
Total cash 195,001
Cash - MMK 193,816
Cash - USD 1,185
Bank deposits 2,823,034
Deposit with other banks 216,504
ST Deposit with other banks -
Current Deposit with other banks 216,504
Deposit with central bank 2,606,529
ST Deposit with MICB -
Current Deposit with MICB 2,606,529
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 12,295,113
Micro1 Business Loan 886,921
Micro2 Business Loan 11,408,192
Micro3 Business Loan -
Personal Loan -
Less specific provision (482)
Net loan assets 12,294,631
Prepayment and int. receivable 697,126
Prepayment 491,762
Interest receivable - MMK 205,364
Interest receivable - USD -
Other assets 1,800
Total fixed assets 425,936
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 425,936
Accu. depre-building & tangible assets (412,601)
Net fixed assets 13,335
Total assets 16,024,926
LIABILITIES  
Total deposits 444,114
Withholding tax 22,532
Accrued expenses and other liabilities 1,019,660
Health insurance fund 3,493
General provision on loan 245,893
Staff pension fund -
Long-term debts 5,874,586
Total liabilities 7,610,278
EQUITY  
Share capital 6,622,517
Capacity Building (Grant by ACL) -
General Reserves 346,160
Retained earning previous period 1,038,481
Currency translation reserve (5,268)
Net income current year 412,758
Total equity 8,414,648
Inter-branch balance -
Total liabilities & equity 16,024,926

Income Statement (Unaudited)
For: August 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,208
Description Total
Interest on micro1 business loan 21,746
Interest on micro2 business loan 281,321
Interest on micro3 business loan -
Interest on personal loan -
Interest on bad & doubtful loans 164
Interest on bank deposit 24
Income on investment and trading securities -
Total interest income 303,255
Commission received on remittance -
Western Union -
Loan fee 16,357
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 974
Service chrg/penalty saving 613
Consultancy incomes -
Miscellaneous income 1
Recovery on loan prev chrg-off -
Total other revenues 17,945
Total financial income 321,199
Financial cost  
Interest expense on debts - MMK 42,117
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 5,182
Total financial cost 47,299
Gross financial result 273,901
Loan loss expense (17,711)
Provision for loan - MMK (17,711)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (6,422)
Financial margin 249,767
Operational cost  
Total salaries 32,506
Health insur. & social welfare fund exp. 2,254
Other insurance expenses 305
Employee train-work related expenses 166
Depreciation expenses 4,732
Purchases of FF and equipments 249
ATM/Credit card expenses -
Motor vehicle operating expenses 336
Repair and maint exp-FF and equipment 413
Publicity expenses 10
Advertising and promotion expense 152
Rentals charges 15,531
Contribute to employee pension fund 1,480
Employee uniform expense 1,258
Other employee expenses 991
Litigation expenses -
Bank charges 118
Fees & commission paid to bank 2,493
Swift expense -
Office supplies 1,107
Other miscellaneous expenses 2,120
Printing & forms expenses 675
Other taxes expenses -
Telecommunication charges 977
Travel charges 5,633
Utilities charges 916
Disposal of fixed assets -
ACLEDA Bank MSA 59,479
Bank license fees 552
External advice / audit fee -
Board of director expenses 2,968
Total administrative expense 137,422
Profit before capacity building grants income 112,345
Capapcity building grants income (IFC) 119,503
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants 119,503
Profit before income tax 231,848
Income tax expense 57,962
Net profit (loss) after taxes 173,886
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