ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for October 2017


Balance Sheet (Unaudited)
As of October 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,366
Description Total
ASSETS  
Total cash 120,378
Cash - MMK 119,359
Cash - USD 1,019
Cash - THB -
Cash - EUR -
Bank deposits 169,743
Deposit with other banks 168,372
ST Deposit with other banks -
Current Deposit with other banks 168,372
Deposit with state bank 1,371
ST Deposit with MICB -
Current Deposit with MICB 1,371
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 21,972,698
Micro1 Business Loan 939,731
Micro2 Business Loan 20,923,589
Micro3 Business Loan 47,159
Staff Loan 62,219
Less specific provision (213)
Net loan assets 21,972,485
Prepayment and int. receivable 755,783
Prepayment 433,822
Interest receivable - MMK 321,960
Interest receivable - USD -
Other assets 2,870
Total fixed assets 472,319
Intangible assets 1,369
Accu. amortization-intangible assets (30)
Tangible assets 470,950
Accu. depre-building & tangible assets (387,148)
Net fixed assets 85,141
Total assets 23,106,400
LIABILITIES  
Total deposits 1,556,458
Withholding tax 43,279
Accrued expenses and other liabilities 1,171,122
Health insurance fund 875
General provision on loan 219,725
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 10,622,390
Total liabilities 13,613,849
EQUITY  
Share capital 5,856,515
General Reserves 628,306
Retained earning previous period 1,884,919
Currency translation reserve (3,124)
Net income current year 1,125,935
Total equity 9,492,551
Inter-branch balance -
Total liabilities & equity 23,106,400

Income Statement (Unaudited)
For: October 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,366
Description Total
Interest on micro1 business loan 23,925
Interest on micro2 business loan 517,815
Interest on micro3 business loan 1,091
Interest on personal loan 927
Interest on bad & doubtful loans 1,950
Interest on bank deposit 1
Total interest income 545,708
Commission received on remittance -
Western Union -
Loan fee 30,158
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,347
Service chrg/penalty saving 1,878
Consultancy incomes -
Miscellaneous income 1
Recovery on loan prev chrg-off -
Total other revenues 33,385
Total financial income 579,093
Financial cost  
Interest expense on debts - MMK 129,177
Interest expense on debts - USD 2,923
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 16,635
Total financial cost 148,735
Gross financial result 430,358
Loan loss expense (7,020)
Provision for loan - MMK (7,020)
Provision for loan - USD -
Provision for accrued interest -
Currency translation expenses (297)
Financial margin 423,042
Operational cost  
Total salaries 51,177
Health insur. & social welfare fund exp. 2,446
Other insurance expenses 269
Employee train-work related expenses 303
Depreciation expenses 2,692
Purchases of FF and equipments 1,154
ATM/Credit card expenses -
Motor vehicle operating expenses 412
Repair and maint exp-FF and equipment 256
Publicity expenses 1,013
Advertising and promotion expense -
Rentals charges 15,671
Contribute to employee pension fund 1,324
Employee uniform expense 1,670
Other employee expenses 84
Litigation expenses -
Bank charges 188
Fees & commission paid to bank -
Swift expense -
Office supplies 1,632
Other miscellaneous expenses 1,588
Printing & forms expenses 2,007
Other taxes expenses -
Telecommunication charges 1,307
Travel charges 4,439
Utilities charges 1,179
Disposal of fixed assets (146)
ACLEDA Bank MSA 45,103
Bank license fees 488
External advice / audit fee -
Board of director expenses 2,996
Total administrative expense 139,251
Profit before capacity building grants income 283,791
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 283,791
Income tax expense 70,947
Net profit (loss) after taxes 212,844
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