ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for November 2016


Balance Sheet (Unaudited)
As of November 30, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,308
Description Total
ASSETS  
Total cash 281,087
Cash - MMK 276,696
Cash - USD 4,391
Bank deposits 953,189
Deposit with other banks 304,254
ST Deposit with other banks -
Current Deposit with other banks 304,254
Deposit with central bank 648,935
ST Deposit with MICB -
Current Deposit with MICB 648,935
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 13,293,631
Micro1 Business Loan 929,277
Micro2 Business Loan 12,349,216
Micro3 Business Loan 15,138
Personal Loan -
Less specific provision (445)
Net loan assets 13,293,186
Prepayment and int. receivable 545,855
Prepayment 331,393
Interest receivable - MMK 214,462
Interest receivable - USD -
Other assets 1,948
Total fixed assets 402,016
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 402,016
Accu. depre-building & tangible assets (384,858)
Net fixed assets 17,158
Total assets 15,092,423
LIABILITIES  
Total deposits 473,157
Withholding tax 27,510
Accrued expenses and other liabilities 729,939
Health insurance fund 1,100
General provision on loan 132,932
Staff pension fund -
Long-term debts 5,425,459
Total liabilities 6,790,096
EQUITY  
Share capital 6,116,208
Capacity Building (Grant by ACL) -
General Reserves 319,696
Retained earning previous period 959,087
Currency translation reserve (53,535)
Net income current year 960,872
Total equity 8,302,327
Inter-branch balance -
Total liabilities & equity 15,092,423

Income Statement (Unaudited)
For: November 30, 2016

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,308
Description Total
Interest on micro1 business loan 22,715
Interest on micro2 business loan 295,214
Interest on micro3 business loan 238
Interest on personal loan -
Interest on bad & doubtful loans 336
Interest on bank deposit 21
Income on investment and trading securities -
Total interest income 318,524
Commission received on remittance -
Western Union -
Loan fee 17,510
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 983
Service chrg/penalty saving 720
Consultancy incomes -
Miscellaneous income 21
Recovery on loan prev chrg-off -
Total other revenues 19,234
Total financial income 337,758
Financial cost  
Interest expense on debts - MMK 58,776
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 5,347
Total financial cost 64,123
Gross financial result 273,635
Loan loss expense (7,232)
Provision for loan - MMK (7,232)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (1,253)
Financial margin 265,150
Operational cost  
Total salaries 38,113
Health insur. & social welfare fund exp. 2,391
Other insurance expenses 305
Employee train-work related expenses 153
Depreciation expenses 1,240
Purchases of FF and equipments 873
ATM/Credit card expenses -
Motor vehicle operating expenses 275
Repair and maint exp-FF and equipment 261
Publicity expenses 32
Advertising and promotion expense 482
Rentals charges 14,175
Contribute to employee pension fund 1,498
Employee uniform expense 1,440
Other employee expenses 851
Litigation expenses -
Bank charges 63
Fees & commission paid to bank 831
Swift expense -
Office supplies 1,167
Other miscellaneous expenses 1,156
Printing & forms expenses 1,794
Other taxes expenses -
Telecommunication charges 895
Travel charges 4,067
Utilities charges 971
Disposal of fixed assets -
ACLEDA Bank MSA 60,756
Bank license fees 510
External advice / audit fee -
Board of director expenses 2,997
Total administrative expense 137,295
Profit before capacity building grants income 127,855
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 127,855
Income tax expense 54,431
Net profit (loss) after taxes 73,424
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