» Financial Information » Financial Statements for February 2017
Financial Statements for February 2017
Balance Sheet (Unaudited)
As of February 28, 2017
| (Amounts in USD) Exchange Rate: USD 1 = Kyats 1,360 | |
| Description | Total |
|---|---|
| ASSETS | |
| Total cash | 204,379 |
| Cash - MMK | 199,657 |
| Cash - USD | 4,722 |
| Bank deposits | 2,776,536 |
| Deposit with other banks | 495,750 |
| ST Deposit with other banks | - |
| Current Deposit with other banks | 495,750 |
| Deposit with central bank | 2,280,786 |
| ST Deposit with MICB | - |
| Current Deposit with MICB | 2,280,786 |
| CBM reserve requirement | - |
| Reserve requirement | - |
| Capital guarantee deposit | - |
| Gross loan assets | 14,621,590 |
| Micro1 Business Loan | 928,439 |
| Micro2 Business Loan | 13,675,491 |
| Micro3 Business Loan | 17,659 |
| Personal Loan | - |
| Less specific provision | (428) |
| Net loan assets | 14,621,162 |
| Prepayment and int. receivable | 742,401 |
| Prepayment | 520,691 |
| Interest receivable - MMK | 221,710 |
| Interest receivable - USD | - |
| Other assets | 2,603 |
| Total fixed assets | 395,045 |
| Intangible assets | - |
| Accu. amortization-intangible assets | - |
| Tangible assets | 395,045 |
| Accu. depre-building & tangible assets | (375,150) |
| Net fixed assets | 19,895 |
| Total assets | 18,366,975 |
| LIABILITIES | |
| Total deposits | 628,464 |
| Withholding tax | 23,440 |
| Accrued expenses and other liabilities | 1,046,286 |
| Health insurance fund | 1,152 |
| General provision on loan | 146,212 |
| Staff pension fund | - |
| Long-term debts | 8,233,456 |
| Total liabilities | 10,079,010 |
| EQUITY | |
| Share capital | 5,882,353 |
| Capacity Building (Grant by ACL) | - |
| General Reserves | 307,472 |
| Retained earning previous period | 922,416 |
| Currency translation reserve | (88,822) |
| Net income current year | 1,264,547 |
| Total equity | 8,287,966 |
| Inter-branch balance | - |
| Total liabilities & equity | 18,366,975 |
Income Statement (Unaudited)
For: February 28, 2017
| (Amounts in USD) Exchange Rate: USD 1 = Kyats 1,360 | |
| Description | Total |
|---|---|
| Interest on micro1 business loan | 21,658 |
| Interest on micro2 business loan | 308,321 |
| Interest on micro3 business loan | 426 |
| Interest on personal loan | - |
| Interest on bad & doubtful loans | 416 |
| Interest on bank deposit | - |
| Income on investment and trading securities | - |
| Total interest income | 330,820 |
| Commission received on remittance | - |
| Western Union | - |
| Loan fee | 20,136 |
| Payroll service | - |
| Foreign exchange | - |
| Trade finance | - |
| Fees received on e-banking system | - |
| Others commission income | - |
| Income from sale of check book | 881 |
| Service chrg/penalty saving | 1,183 |
| Consultancy incomes | - |
| Miscellaneous income | 2 |
| Recovery on loan prev chrg-off | - |
| Total other revenues | 22,201 |
| Total financial income | 353,022 |
| Financial cost | |
| Interest expense on debts - MMK | 59,021 |
| Interest expense on debts - USD | - |
| Interest expense on debts - THB | - |
| Interest expense on debts - EUR | - |
| Interest on deposits | 5,626 |
| Total financial cost | 64,647 |
| Gross financial result | 288,374 |
| Loan loss expense | (5,169) |
| Provision for loan - MMK | (5,169) |
| Provision for loan - USD | - |
| Provision for loan - THB | - |
| Provision for accrued interest | - |
| ATM/Credit card provision expense | - |
| Currency translation expenses | (1,106) |
| Financial margin | 282,100 |
| Operational cost | |
| Total salaries | 38,180 |
| Health insur. & social welfare fund exp. | 2,421 |
| Other insurance expenses | 269 |
| Employee train-work related expenses | 147 |
| Depreciation expenses | 919 |
| Purchases of FF and equipments | - |
| ATM/Credit card expenses | - |
| Motor vehicle operating expenses | 328 |
| Repair and maint exp-FF and equipment | 710 |
| Publicity expenses | 17 |
| Advertising and promotion expense | - |
| Rentals charges | 15,074 |
| Contribute to employee pension fund | 1,408 |
| Employee uniform expense | 1,298 |
| Other employee expenses | 273 |
| Litigation expenses | - |
| Bank charges | 334 |
| Fees & commission paid to bank | 45,837 |
| Swift expense | - |
| Office supplies | 1,186 |
| Other miscellaneous expenses | 1,223 |
| Printing & forms expenses | 1,658 |
| Other taxes expenses | - |
| Telecommunication charges | 1,001 |
| Travel charges | 3,808 |
| Utilities charges | 739 |
| Disposal of fixed assets | - |
| ACLEDA Bank MSA | 54,285 |
| Bank license fees | 490 |
| External advice / audit fee | 7,844 |
| Board of director expenses | 3,000 |
| Total administrative expense | 182,450 |
| Profit before capacity building grants income | 99,650 |
| Capapcity building grants income (IFC) | - |
| Capapcity building grants income (KFW) | - |
| Capapcity building grants income (COFIBRED) | - |
| Total capacity building grants | - |
| Profit before income tax | 99,650 |
| Income tax expense | 24,912 |
| Net profit (loss) after taxes | 74,737 |