ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for April 2017


Balance Sheet (Unaudited)
As of April 30, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,358
Description Total
ASSETS  
Total cash 987,487
Cash - MMK 985,756
Cash - USD 1,731
Cash - THB -
Cash - EUR -
Bank deposits 1,424,078
Deposit with other banks 980,878
ST Deposit with other banks -
Current Deposit with other banks 980,878
Deposit with central bank 443,200
ST Deposit with MICB -
Current Deposit with MICB 443,200
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 15,427,453
Micro1 Business Loan 748,510
Micro2 Business Loan 14,659,646
Micro3 Business Loan 19,297
Personal Loan -
Less specific provision (429)
Net loan assets 15,427,025
Prepayment and int. receivable 863,832
Prepayment 593,350
Interest receivable - MMK 270,482
Interest receivable - USD -
Other assets 2,021
Total fixed assets 398,280
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 398,280
Accu. depre-building & tangible assets (377,497)
Net fixed assets 20,783
Total assets 18,725,225
LIABILITIES  
Total deposits 795,586
Withholding tax 13,430
Accrued expenses and other liabilities 955,801
Health insurance fund 1,081
General provision on loan 154,270
Long-term debts 8,245,582
Total liabilities 10,165,751
EQUITY  
Share capital 5,891,016
Capacity Building (Grant by ACL) -
General Reserves 307,925
Retained earning previous period 2,220,106
Currency translation reserve -
Net income current year 140,427
Total equity 8,559,474
Inter-branch balance -
Total liabilities & equity 18,725,225

Income Statement (Unaudited)
For: April 30, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,358
Description Total
Interest on micro1 business loan 19,931
Interest on micro2 business loan 366,981
Interest on micro3 business loan 479
Interest on personal loan -
Interest on bad & doubtful loans 1,023
Interest on bank deposit 716
Total interest income 389,130
Commission received on remittance -
Western Union -
Loan fee 21,476
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 394
Service chrg/penalty saving 1,329
Consultancy incomes -
Miscellaneous income 17
Recovery on loan prev chrg-off -
Total other revenues 23,216
Total financial income 412,346
Financial cost  
Interest expense on debts - MMK 94,234
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 8,263
Total financial cost 102,498
Gross financial result 309,848
Loan loss expense 3,312
Provision for loan - MMK 3,312
Provision for loan - USD -
Provision for accrued interest -
Currency translation expenses (18)
Financial margin 313,142
Operational cost  
Total salaries 43,276
Health insur. & social welfare fund exp. 2,372
Other insurance expenses 268
Employee train-work related expenses 172
Depreciation expenses 932
Purchases of FF and equipments -
ATM/Credit card expenses -
Motor vehicle operating expenses 124
Repair and maint exp-FF and equipment 202
Publicity expenses 37
Advertising and promotion expense 331
Rentals charges 15,097
Contribute to employee pension fund 1,428
Employee uniform expense 1,151
Other employee expenses 435
Litigation expenses -
Bank charges 58
Fees & commission paid to bank -
Swift expense -
Office supplies 808
Other miscellaneous expenses 788
Printing & forms expenses 745
Other taxes expenses -
Telecommunication charges 1,622
Travel charges 4,274
Utilities charges 1,013
Disposal of fixed assets -
ACLEDA Bank MSA 47,769
Bank license fees -
External advice / audit fee 18
Board of director expenses 2,987
Total administrative expense 125,906
Profit before capacity building grants income 187,236
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 187,236
Income tax expense 46,809
Net profit (loss) after taxes 140,427
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