ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for March 2017


Balance Sheet (Unaudited)
As of March 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,362
Description Total
ASSETS  
Total cash 231,198
Cash - MMK 208,216
Cash - USD 22,982
Bank deposits 1,510,544
Deposit with other banks 540,008
ST Deposit with other banks -
Current Deposit with other banks 540,008
Deposit with central bank 970,536
ST Deposit with MICB -
Current Deposit with MICB 970,536
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 15,712,417
Micro1 Business Loan 865,643
Micro2 Business Loan 14,830,601
Micro3 Business Loan 16,173
Personal Loan -
Less specific provision (427)
Net loan assets 15,711,989
Prepayment and int. receivable 861,936
Prepayment 603,536
Interest receivable - MMK 258,400
Interest receivable - USD -
Other assets 2,310
Total fixed assets 397,257
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 397,257
Accu. depre-building & tangible assets (375,606)
Net fixed assets 21,651
Total assets 18,339,629
LIABILITIES  
Total deposits 749,212
Withholding tax (35,766)
Accrued expenses and other liabilities 853,377
Health insurance fund -
General provision on loan 157,120
Staff pension fund -
Long-term debts 8,221,366
Total liabilities 9,945,308
EQUITY  
Share capital 5,873,715
Capacity Building (Grant by ACL) -
General Reserves 307,020
Retained earning previous period 921,061
Currency translation reserve (90,549)
Net income current year 1,383,073
Total equity 8,394,321
Inter-branch balance -
Total liabilities & equity 18,339,629

Income Statement (Unaudited)
For: March 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,362
Description Total
Interest on micro1 business loan 22,461
Interest on micro2 business loan 357,276
Interest on micro3 business loan 432
Interest on personal loan -
Interest on bad & doubtful loans 495
Interest on bank deposit 2,621
Income on investment and trading securities -
Total interest income 383,285
Commission received on remittance -
Western Union -
Loan fee 23,185
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 772
Service chrg/penalty saving 2,250
Consultancy incomes -
Miscellaneous income 16
Recovery on loan prev chrg-off -
Total other revenues 26,223
Total financial income 409,508
Financial cost  
Interest expense on debts - MMK 97,090
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 7,298
Total financial cost 104,388
Gross financial result 305,121
Loan loss expense (11,123)
Provision for loan - MMK (11,123)
Provision for loan - USD -
Provision for loan - THB -
Provision for accrued interest -
ATM/Credit card provision expense -
Currency translation expenses (45)
Financial margin 293,953
Operational cost  
Total salaries 36,150
Health insur. & social welfare fund exp. 714
Other insurance expenses 269
Employee train-work related expenses 147
Depreciation expenses 933
Purchases of FF and equipments 309
ATM/Credit card expenses -
Motor vehicle operating expenses 478
Repair and maint exp-FF and equipment 943
Publicity expenses 1,812
Advertising and promotion expense -
Rentals charges 15,052
Contribute to employee pension fund 1,408
Employee uniform expense 1,235
Other employee expenses 3,574
Litigation expenses -
Bank charges 362
Fees & commission paid to bank -
Swift expense -
Office supplies 1,784
Other miscellaneous expenses 2,575
Printing & forms expenses 1,618
Other taxes expenses -
Telecommunication charges 1,029
Travel charges 3,726
Utilities charges 897
Disposal of fixed assets -
ACLEDA Bank MSA 49,016
Bank license fees 526
External advice / audit fee 3,855
Board of director expenses 7,506
Total administrative expense 135,919
Profit before capacity building grants income 158,034
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 158,034
Income tax expense 39,508
Net profit (loss) after taxes 118,525
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