» 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 |