»  Financial Information  »  Financial Statements for January 2018

Financial Statements for January 2018


Balance Sheet (Unaudited)
As of January 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,330
Description Total
ASSETS  
Total cash 726,455
Cash - MMK 722,232
Cash - USD 4,223
Cash - THB -
Cash - EUR -
Bank deposits 1,722,899
Deposit with other banks 943,328
ST Deposit with other banks -
Current Deposit with other banks 943,328
Deposit with state bank 779,571
ST Deposit with MICB -
Current Deposit with MICB 779,571
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 23,683,110
Micro1 Business Loan 941,036
Micro2 Business Loan 22,568,637
Micro3 Business Loan 114,904
Staff Loan 58,533
Less general provision on loan (234,597)
Less specific provision (91,817)
Net loan assets 23,356,696
Prepayment and int. receivable 1,148,045
Prepayment 760,890
Interest receivable - MMK 387,155
Interest receivable - USD -
Other assets 2,736
Total fixed assets 503,926
Intangible assets 1,406
Accu. amortization-intangible assets (102)
Tangible assets 502,520
Accu. depre-building & tangible assets (406,170)
Net fixed assets 97,654
Total assets 27,054,486
LIABILITIES  
Total deposits 2,057,094
Withholding tax 48,915
Accrued expenses and other liabilities 1,623,909
Health insurance fund 1,001
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 12,977,583
Total liabilities 16,708,501
EQUITY  
Share capital 6,015,038
General Reserves 645,313
Retained earning previous period 1,935,939
Currency translation reserve 37,175
Net income current year 1,712,520
Total equity 10,345,985
Inter-branch balance -
Total liabilities & equity 27,054,486

Income Statement (Unaudited)
For: January 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,330
Description Total
Interest on micro1 business loan 23,073
Interest on micro2 business loan 564,944
Interest on micro3 business loan 1,337
Interest on personal loan 873
Interest on bad & doubtful loans 3,121
Interest on bank deposit 2
Total interest income 593,350
Commission received on remittance -
Western Union -
Loan fee 32,787
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,490
Service chrg/penalty saving 1,946
Consultancy incomes -
Miscellaneous income 4
Recovery on loan prev chrg-off -
Total other revenues 36,227
Total financial income 629,577
Financial cost  
Interest expense on debts - MMK 156,527
Interest expense on debts - USD 2,333
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 21,230
Total financial cost 180,089
Gross financial result 449,488
Loan loss expense (53,840)
Provision for loan - MMK (53,840)
Provision for loan - USD -
Provision for accrued interest (5,367)
Currency translation expenses 4,190
Financial margin 394,471
Operational cost  
Total salaries 53,335
Health insur. & social welfare fund exp. 3,097
Other insurance expenses 86
Employee train-work related expenses (41)
Depreciation expenses 3,408
Purchases of FF and equipments 452
ATM/Credit card expenses -
Motor vehicle operating expenses 600
Repair and maint exp-FF and equipment 563
Publicity expenses 239
Advertising and promotion expense 43
Rentals charges 17,002
Contribute to employee pension fund -
Employee uniform expense 1,372
Other employee expenses 532
Litigation expenses -
Bank charges 295
Fees & commission paid to bank -
Swift expense -
Office supplies 2,170
Other miscellaneous expenses 1,598
Printing & forms expenses 1,887
Other taxes expenses -
Telecommunication charges 1,255
Travel charges 3,323
Utilities charges 889
Disposal of fixed assets -
ACLEDA Bank MSA 45,114
Bank license fees 501
External advice / audit fee 4,323
Board of director expenses 1,507
Total administrative expense 143,553
Profit before capacity building grants income 250,918
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 250,918
Income tax expense 62,730
Net profit (loss) after taxes 188,189
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