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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
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