ACLEDA MFI Myanmar Co., Ltd.

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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
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