ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for January 2017


Balance Sheet (Unaudited)
As of January 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,350
Description Total
ASSETS  
Total cash 161,577
Cash - MMK 155,950
Cash - USD 5,627
Bank deposits 11,539
Deposit with other banks 10,163
ST Deposit with other banks -
Current Deposit with other banks 10,163
Deposit with central bank 1,375
ST Deposit with MICB -
Current Deposit with MICB 1,375
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 14,209,178
Micro1 Business Loan 955,797
Micro2 Business Loan 13,234,117
Micro3 Business Loan 19,263
Personal Loan -
Less specific provision (431)
Net loan assets 14,208,747
Prepayment and int. receivable 769,598
Prepayment 541,897
Interest receivable - MMK 227,701
Interest receivable - USD -
Other assets 2,203
Total fixed assets 394,322
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 394,322
Accu. depre-building & tangible assets (376,632)
Net fixed assets 17,690
Total assets 15,171,354
LIABILITIES  
Total deposits 552,772
Withholding tax 11,330
Accrued expenses and other liabilities 934,052
Health insurance fund 379
General provision on loan 142,087
Staff pension fund -
Long-term debts 5,256,667
Total liabilities 6,897,286
EQUITY  
Share capital 5,925,926
Capacity Building (Grant by ACL) -
General Reserves 309,750
Retained earning previous period 929,249
Currency translation reserve (80,667)
Net income current year 1,189,810
Total equity 8,274,067
Inter-branch balance -
Total liabilities & equity 15,171,354

Income Statement (Unaudited)
For: January 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,350
Description Total
Interest on micro1 business loan 24,103
Interest on micro2 business loan 329,503
Interest on micro3 business loan 473
Interest on personal loan -
Interest on bad & doubtful loans 347
Interest on bank deposit (20)
Income on investment and trading securities -
Total interest income 354,427
Commission received on remittance -
Western Union -
Loan fee 20,035
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,047
Service chrg/penalty saving 1,122
Consultancy incomes -
Miscellaneous income 4
Recovery on loan prev chrg-off 108
Total other revenues 22,315
Total financial income 376,742
Financial cost  
Interest expense on debts - MMK 58,845
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 4,399
Total financial cost 63,245
Gross financial result 313,498
Loan loss expense (5,600)
Provision for loan - MMK (5,600)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses 466
Financial margin 308,363
Operational cost  
Total salaries 37,079
Health insur. & social welfare fund exp. 2,565
Other insurance expenses 210
Employee train-work related expenses 628
Depreciation expenses 723
Purchases of FF and equipments 1,724
ATM/Credit card expenses -
Motor vehicle operating expenses 292
Repair and maint exp-FF and equipment 174
Publicity expenses 75
Advertising and promotion expense -
Rentals charges 15,186
Contribute to employee pension fund 1,408
Employee uniform expense 1,035
Other employee expenses 831
Litigation expenses -
Bank charges 132
Fees & commission paid to bank 830
Swift expense -
Office supplies 994
Other miscellaneous expenses 1,337
Printing & forms expenses 2,251
Other taxes expenses -
Telecommunication charges 1,024
Travel charges 3,391
Utilities charges 915
Disposal of fixed assets -
ACLEDA Bank MSA 54,178
Bank license fees 494
External advice / audit fee 3,889
Board of director expenses 3,000
Total administrative expense 134,666
Profit before capacity building grants income 173,698
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 173,698
Income tax expense 43,424
Net profit (loss) after taxes 130,273
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