»  Financial Information  »  Financial Statements for December 2017

Financial Statements for December 2017


Balance Sheet (Unaudited)
As of December 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,362
Description Total
ASSETS  
Total cash 229,961
Cash - MMK 225,962
Cash - USD 3,999
Cash - THB -
Cash - EUR -
Bank deposits 1,861,415
Deposit with other banks 1,100,131
ST Deposit with other banks -
Current Deposit with other banks 1,100,131
Deposit with state bank 761,284
ST Deposit with MICB -
Current Deposit with MICB 761,284
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 22,777,948
Micro1 Business Loan 869,148
Micro2 Business Loan 21,798,697
Micro3 Business Loan 51,565
Staff Loan 58,539
Less specific provision (40,182)
Net loan assets 22,737,766
Prepayment and int. receivable 1,093,234
Prepayment 739,422
Interest receivable - MMK 353,813
Interest receivable - USD -
Other assets 2,356
Total fixed assets 492,807
Intangible assets 1,373
Accu. amortization-intangible assets (76)
Tangible assets 491,434
Accu. depre-building & tangible assets (394,462)
Net fixed assets 98,269
Total assets 26,023,001
LIABILITIES  
Total deposits 1,786,628
Withholding tax 25,292
Accrued expenses and other liabilities 1,393,278
Health insurance fund -
General provision on loan 225,987
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 12,672,676
Total liabilities 16,103,861
EQUITY  
Share capital 5,873,715
General Reserves 630,151
Retained earning previous period 1,890,454
Currency translation reserve 487
Net income current year 1,524,332
Total equity 9,919,140
Inter-branch balance -
Total liabilities & equity 26,023,001

Income Statement (Unaudited)
For: December 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,362
Description Total
Interest on micro1 business loan 22,603
Interest on micro2 business loan 552,932
Interest on micro3 business loan 1,317
Interest on personal loan 852
Interest on bad & doubtful loans 3,633
Interest on bank deposit -
Total interest income 581,337
Commission received on remittance -
Western Union -
Loan fee 32,651
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,166
Service chrg/penalty saving 1,836
Consultancy incomes -
Miscellaneous income 2
Recovery on loan prev chrg-off -
Total other revenues 35,655
Total financial income 616,992
Financial cost  
Interest expense on debts - MMK 155,108
Interest expense on debts - USD 2,935
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 19,378
Total financial cost 177,422
Gross financial result 439,570
Loan loss expense (33,162)
Provision for loan - MMK (33,162)
Provision for loan - USD -
Provision for accrued interest -
Currency translation expenses (1,239)
Financial margin 405,169
Operational cost  
Total salaries 51,271
Health insur. & social welfare fund exp. (139)
Other insurance expenses 270
Employee train-work related expenses 357
Depreciation expenses 3,334
Purchases of FF and equipments 793
ATM/Credit card expenses -
Motor vehicle operating expenses 427
Repair and maint exp-FF and equipment 196
Publicity expenses 1,751
Advertising and promotion expense 22
Rentals charges 16,566
Contribute to employee pension fund 1,154
Employee uniform expense 1,390
Other employee expenses 3,108
Litigation expenses -
Bank charges 665
Fees & commission paid to bank -
Swift expense -
Office supplies 1,453
Other miscellaneous expenses 12,422
Printing & forms expenses 2,472
Other taxes expenses -
Telecommunication charges 1,243
Travel charges 4,701
Utilities charges 1,142
Disposal of fixed assets -
ACLEDA Bank MSA 37,799
Bank license fees 489
External advice / audit fee 808
Board of director expenses 15,041
Total administrative expense 158,735
Profit before capacity building grants income 246,434
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 246,434
Income tax expense 61,609
Net profit (loss) after taxes 184,826
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