» 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 |