» Financial Information » Financial Statements for July 2017
Financial Statements for July 2017
Balance Sheet (Unaudited)
As of July 31, 2017
| (Amounts in USD) Exchange Rate: USD 1 = Kyats 1,363 | |
| Description | Total |
|---|---|
| ASSETS | |
| Total cash | 477,059 |
| Cash - MMK | 473,576 |
| Cash - USD | 3,483 |
| Cash - THB | - |
| Cash - EUR | - |
| Bank deposits | 3,475,602 |
| Deposit with other banks | 1,273,203 |
| ST Deposit with other banks | - |
| Current Deposit with other banks | 1,273,203 |
| Deposit with central bank | 2,202,400 |
| ST Deposit with MICB | - |
| Current Deposit with MICB | 2,202,400 |
| CBM reserve requirement | - |
| Reserve requirement | - |
| Capital guarantee deposit | - |
| Gross loan assets | 18,678,269 |
| Micro1 Business Loan | 840,373 |
| Micro2 Business Loan | 17,804,462 |
| Micro3 Business Loan | 33,435 |
| Personal Loan | - |
| Less specific provision | (534) |
| Net loan assets | 18,677,735 |
| Prepayment and int. receivable | 1,012,855 |
| Prepayment | 716,230 |
| Interest receivable - MMK | 296,626 |
| Interest receivable - USD | - |
| Other assets | 2,614 |
| Total fixed assets | 463,895 |
| Intangible assets | - |
| Accu. amortization-intangible assets | - |
| Tangible assets | 463,895 |
| Accu. depre-building & tangible assets | (380,121) |
| Net fixed assets | 83,774 |
| Total assets | 23,729,639 |
| LIABILITIES | |
| Total deposits | 1,157,592 |
| Withholding tax | 35,267 |
| Accrued expenses and other liabilities | 1,434,549 |
| Health insurance fund | 622 |
| General provision on loan | 186,776 |
| Staff pension fund | - |
| ACLEDA NGO-KfW loan | - |
| ACLEDA NGO-counterpart fund | - |
| Subordinate debts | - |
| Short-term debts | - |
| Long-term debts | 11,947,403 |
| Total liabilities | 14,762,209 |
| EQUITY | |
| Share capital | 5,869,406 |
| Capacity Building (Grant by ACL) | - |
| General Reserves | 629,689 |
| Retained earning previous period | 1,889,067 |
| Currency translation reserve | (387) |
| Net income current year | 579,655 |
| Total equity | 8,967,430 |
| Inter-branch balance | - |
| Total liabilities & equity | 23,729,639 |
Income Statement (Unaudited)
For: July 31, 2017
| (Amounts in USD) Exchange Rate: USD 1 = Kyats 1,363 | |
| Description | Total |
|---|---|
| Interest on micro1 business loan | 20,210 |
| Interest on micro2 business loan | 439,468 |
| Interest on micro3 business loan | 853 |
| Interest on personal loan | - |
| Interest on bad & doubtful loans | 698 |
| Interest on bank deposit | 7,937 |
| Total interest income | 469,167 |
| Commission received on remittance | - |
| Western Union | - |
| Loan fee | 25,632 |
| Payroll service | - |
| Foreign exchange | - |
| Trade finance | - |
| Fees received on e-banking system | - |
| Others commission income | - |
| Income from sale of check book | 1,201 |
| Service chrg/penalty saving | 1,198 |
| Consultancy incomes | - |
| Miscellaneous income | 84 |
| Recovery on loan prev chrg-off | - |
| Total other revenues | 28,116 |
| Total financial income | 497,283 |
| Financial cost | |
| Interest expense on debts - MMK | 143,200 |
| Interest expense on debts - USD | - |
| Interest expense on debts - THB | - |
| Interest expense on debts - EUR | - |
| Interest on deposits | 12,155 |
| Total financial cost | 155,355 |
| Gross financial result | 341,928 |
| Loan loss expense | (9,342) |
| Provision for loan - MMK | (9,342) |
| Provision for loan - USD | - |
| Provision for accrued interest | - |
| Currency translation expenses | (104) |
| Financial margin | 332,690 |
| Operational cost | |
| Total salaries | 49,258 |
| Health insur. & social welfare fund exp. | 2,965 |
| Other insurance expenses | 269 |
| Employee train-work related expenses | 317 |
| Depreciation expenses | 2,322 |
| Purchases of FF and equipments | 1,950 |
| ATM/Credit card expenses | - |
| Motor vehicle operating expenses | 376 |
| Repair and maint exp-FF and equipment | 1,191 |
| Publicity expenses | 222 |
| Advertising and promotion expense | 176 |
| Rentals charges | 15,779 |
| Contribute to employee pension fund | 1,321 |
| Employee uniform expense | 1,357 |
| Other employee expenses | - |
| Litigation expenses | - |
| Bank charges | 288 |
| Fees & commission paid to bank | 3,768 |
| Swift expense | - |
| Office supplies | 1,601 |
| Other miscellaneous expenses | 3,154 |
| Printing & forms expenses | 2,118 |
| Other taxes expenses | - |
| Telecommunication charges | 1,141 |
| Travel charges | 4,693 |
| Utilities charges | 926 |
| Disposal of fixed assets | - |
| ACLEDA Bank MSA | 46,336 |
| Bank license fees | 489 |
| External advice / audit fee | 110 |
| Board of director expenses | 3,000 |
| Total administrative expense | 145,126 |
| Profit before capacity building grants income | 187,564 |
| Capapcity building grants income (IFC) | 89,934 |
| Capapcity building grants income (KFW) | - |
| Capapcity building grants income (COFIBRED) | - |
| Total capacity building grants | 89,934 |
| Profit before income tax | 277,498 |
| Income tax expense | 69,375 |
| Net profit (loss) after taxes | 208,124 |