ACLEDA MFI Myanmar Co., Ltd.

 »  Financial Information  »  Financial Statements for October 2016

Financial Statements for October 2016


Balance Sheet (Unaudited)
As of October 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,285
Description Total
ASSETS  
Total cash 266,549
Cash - MMK 260,753
Cash - USD 5,796
Bank deposits 1,432,681
Deposit with other banks 460,868
ST Deposit with other banks -
Current Deposit with other banks 460,868
Deposit with central bank 971,813
ST Deposit with MICB -
Current Deposit with MICB 971,813
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 12,795,445
Micro1 Business Loan 932,425
Micro2 Business Loan 11,860,685
Micro3 Business Loan 2,335
Personal Loan -
Less specific provision (453)
Net loan assets 12,794,992
Prepayment and int. receivable 849,051
Prepayment 644,422
Interest receivable - MMK 204,629
Interest receivable - USD -
Other assets 1,732
Total fixed assets 404,860
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 404,860
Accu. depre-building & tangible assets (389,586)
Net fixed assets 15,273
Total assets 15,360,278
LIABILITIES  
Total deposits 443,162
Withholding tax 13,811
Accrued expenses and other liabilities 875,957
Health insurance fund 639
General provision on loan 127,950
Staff pension fund -
Long-term debts 5,522,568
Total liabilities 6,984,087
EQUITY  
Share capital 6,225,681
Capacity Building (Grant by ACL) -
General Reserves 325,418
Retained earning previous period 976,253
Currency translation reserve (38,609)
Net income current year 887,447
Total equity 8,376,191
Inter-branch balance -
Total liabilities & equity 15,360,278

Income Statement (Unaudited)
For: October 31, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,285
Description Total
Interest on micro1 business loan 23,107
Interest on micro2 business loan 293,744
Interest on micro3 business loan 60
Interest on personal loan -
Interest on bad & doubtful loans 211
Interest on bank deposit 22
Income on investment and trading securities -
Total interest income 317,145
Commission received on remittance -
Western Union -
Loan fee 17,299
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 872
Service chrg/penalty saving 644
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 18,816
Total financial income 335,960
Financial cost  
Interest expense on debts - MMK 61,822
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 5,409
Total financial cost 67,231
Gross financial result 268,729
Loan loss expense (6,255)
Provision for loan - MMK (6,255)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (949)
Financial margin 261,525
Operational cost  
Total salaries 37,881
Health insur. & social welfare fund exp. 2,378
Other insurance expenses 305
Employee train-work related expenses 758
Depreciation expenses 1,835
Purchases of FF and equipments 235
ATM/Credit card expenses -
Motor vehicle operating expenses 246
Repair and maint exp-FF and equipment 982
Publicity expenses 98
Advertising and promotion expense -
Rentals charges 14,600
Contribute to employee pension fund 1,495
Employee uniform expense 1,551
Other employee expenses -
Litigation expenses -
Bank charges 80
Fees & commission paid to bank 1,647
Swift expense -
Office supplies 1,238
Other miscellaneous expenses 1,333
Printing & forms expenses 938
Other taxes expenses -
Telecommunication charges 1,017
Travel charges 3,236
Utilities charges 952
Disposal of fixed assets 13
ACLEDA Bank MSA 60,435
Bank license fees 519
External advice / audit fee 23
Board of director expenses 4,425
Total administrative expense 138,220
Profit before capacity building grants income 123,305
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 123,305
Income tax expense 30,826
Net profit (loss) after taxes 92,479
Feedback Form     Legal Notice     Find us on Facebook
Online Visitors: 40    Today‚Äč Visitors: 215    Yesterday Visitors: 222