»  Financial Information  »  Financial Statements for September 2016

Financial Statements for September 2016


Balance Sheet (Unaudited)
As of September 30, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,255
Description Total
ASSETS  
Total cash 236,468
Cash - MMK 234,432
Cash - USD 2,036
Bank deposits 1,896,932
Deposit with other banks 344,148
ST Deposit with other banks -
Current Deposit with other banks 344,148
Deposit with central bank 1,552,784
ST Deposit with MICB -
Current Deposit with MICB 1,552,784
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 12,460,843
Micro1 Business Loan 914,419
Micro2 Business Loan 11,544,034
Micro3 Business Loan 2,390
Personal Loan -
Less specific provision (464)
Net loan assets 12,460,379
Prepayment and int. receivable 850,602
Prepayment 656,348
Interest receivable - MMK 194,254
Interest receivable - USD -
Other assets 1,753
Total fixed assets 412,779
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 412,779
Accu. depre-building & tangible assets (402,907)
Net fixed assets 9,872
Total assets 15,456,005
LIABILITIES  
Total deposits 433,305
Withholding tax 40
Accrued expenses and other liabilities 761,746
Health insurance fund -
General provision on loan 124,604
Staff pension fund -
Long-term debts 5,654,582
Total liabilities 6,974,276
EQUITY  
Share capital 6,374,502
Capacity Building (Grant by ACL) -
General Reserves 333,197
Retained earning previous period 999,590
Currency translation reserve (20,528)
Net income current year 794,969
Total equity 8,481,729
Inter-branch balance -
Total liabilities & equity 15,456,005

Income Statement (Unaudited)
For: September 30, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,255
Description Total
Interest on micro1 business loan 21,572
Interest on micro2 business loan 276,310
Interest on micro3 business loan 2
Interest on personal loan -
Interest on bad & doubtful loans 229
Interest on bank deposit 22
Income on investment and trading securities -
Total interest income 298,135
Commission received on remittance -
Western Union -
Loan fee 16,820
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,015
Service chrg/penalty saving 545
Consultancy incomes -
Miscellaneous income 4
Recovery on loan prev chrg-off -
Total other revenues 18,384
Total financial income 316,519
Financial cost  
Interest expense on debts - MMK 61,258
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 5,054
Total financial cost 66,312
Gross financial result 250,207
Loan loss expense 112,080
Provision for loan - MMK 112,080
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (2,249)
Financial margin 360,039
Operational cost  
Total salaries 32,449
Health insur. & social welfare fund exp. (1,573)
Other insurance expenses 305
Employee train-work related expenses 1,964
Depreciation expenses 3,896
Purchases of FF and equipments 131
ATM/Credit card expenses -
Motor vehicle operating expenses 258
Repair and maint exp-FF and equipment 565
Publicity expenses 2,729
Advertising and promotion expense -
Rentals charges 14,949
Contribute to employee pension fund 1,473
Employee uniform expense 1,410
Other employee expenses 4,064
Litigation expenses -
Bank charges 133
Fees & commission paid to bank (472)
Swift expense -
Office supplies 1,273
Other miscellaneous expenses 1,293
Printing & forms expenses 949
Other taxes expenses -
Telecommunication charges 876
Travel charges 3,973
Utilities charges 995
Disposal of fixed assets -
ACLEDA Bank MSA 57,484
Bank license fees 531
External advice / audit fee -
Board of director expenses 11,686
Total administrative expense 141,340
Profit before capacity building grants income 218,699
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) 290,916
Total capacity building grants 290,916
Profit before income tax 509,615
Income tax expense 127,404
Net profit (loss) after taxes 382,211
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