» Financial Information » Financial Statements for February 2018
Financial Statements for February 2018
Balance Sheet (Unaudited)
As of February 28, 2018
| (Amounts in USD) Exchange Rate: USD 1 = Kyats 1,336 | |
| Description | Total |
|---|---|
| ASSETS | |
| Total cash | 717,801 |
| Cash - MMK | 714,367 |
| Cash - USD | 3,434 |
| Cash - THB | - |
| Cash - EUR | - |
| Bank deposits | 1,782,722 |
| Deposit with other banks | 535,090 |
| ST Deposit with other banks | - |
| Current Deposit with other banks | 535,090 |
| Deposit with state bank | 1,247,632 |
| ST Deposit with MICB | - |
| Current Deposit with MICB | 1,247,632 |
| CBM reserve requirement | - |
| Reserve requirement | - |
| Capital guarantee deposit | - |
| Gross loan assets | 23,920,358 |
| Micro1 Business Loan | 913,485 |
| Micro2 Business Loan | 22,827,776 |
| Micro3 Business Loan | 123,151 |
| Staff Loan | 55,945 |
| Less general provision on loan | (236,595) |
| Less specific provision | (132,833) |
| Net loan assets | 23,550,929 |
| Prepayment and int. receivable | 1,064,263 |
| Prepayment | 739,892 |
| Interest receivable - MMK | 324,372 |
| Interest receivable - USD | - |
| Other assets | 2,524 |
| Total fixed assets | 504,201 |
| Intangible assets | 1,400 |
| Accu. amortization-intangible assets | (123) |
| Tangible assets | 502,801 |
| Accu. depre-building & tangible assets | (407,643) |
| Net fixed assets | 96,435 |
| Total assets | 27,214,674 |
| LIABILITIES | |
| Total deposits | 2,156,736 |
| Withholding tax | 43,016 |
| Accrued expenses and other liabilities | 1,522,167 |
| Health insurance fund | 1,728 |
| Staff pension fund | - |
| ACLEDA NGO-KfW loan | - |
| ACLEDA NGO-counterpart fund | - |
| Subordinate debts | - |
| Short-term debts | - |
| Long-term debts | 12,919,300 |
| Total liabilities | 16,642,946 |
| EQUITY | |
| Share capital | 5,988,024 |
| General Reserves | 642,415 |
| Retained earning previous period | 1,927,245 |
| Currency translation reserve | 29,317 |
| Net income current year | 1,984,728 |
| Total equity | 10,571,728 |
| Inter-branch balance | - |
| Total liabilities & equity | 27,214,674 |
Income Statement (Unaudited)
For: February 28, 2018
| (Amounts in USD) Exchange Rate: USD 1 = Kyats 1,336 | |
| Description | Total |
|---|---|
| Interest on micro1 business loan | 21,465 |
| Interest on micro2 business loan | 516,825 |
| Interest on micro3 business loan | 1,170 |
| Interest on personal loan | 769 |
| Interest on bad & doubtful loans | 2,506 |
| Interest on bank deposit | - |
| Total interest income | 542,736 |
| Commission received on remittance | - |
| Western Union | - |
| Loan fee | 35,606 |
| Payroll service | - |
| Foreign exchange | - |
| Trade finance | - |
| Fees received on e-banking system | - |
| Others commission income | - |
| Income from sale of check book | 1,452 |
| Service chrg/penalty saving | 2,186 |
| Consultancy incomes | - |
| Miscellaneous income | 2 |
| Recovery on loan prev chrg-off | - |
| Total other revenues | 39,246 |
| Total financial income | 581,982 |
| Financial cost | |
| Interest expense on debts - MMK | 140,828 |
| Interest expense on debts - USD | 2,083 |
| Interest expense on debts - THB | - |
| Interest expense on debts - EUR | - |
| Interest on deposits | 20,825 |
| Total financial cost | 163,736 |
| Gross financial result | 418,246 |
| Loan loss expense | (44,480) |
| Provision for loan - MMK | (44,480) |
| Provision for loan - USD | - |
| Provision for accrued interest | (1,131) |
| Currency translation expenses | 390 |
| Financial margin | 373,024 |
| Operational cost | |
| Total salaries | 52,971 |
| Health insur. & social welfare fund exp. | 2,489 |
| Other insurance expenses | 376 |
| Employee train-work related expenses | 714 |
| Depreciation expenses | 3,101 |
| Purchases of FF and equipments | 1,261 |
| ATM/Credit card expenses | - |
| Motor vehicle operating expenses | 550 |
| Repair and maint exp-FF and equipment | 279 |
| Publicity expenses | 174 |
| Advertising and promotion expense | 42 |
| Rentals charges | 16,926 |
| Contribute to employee pension fund | - |
| Employee uniform expense | 1,400 |
| Other employee expenses | 525 |
| Litigation expenses | - |
| Bank charges | 797 |
| Fees & commission paid to bank | - |
| Swift expense | - |
| Office supplies | 1,953 |
| Other miscellaneous expenses | 974 |
| Printing & forms expenses | 1,689 |
| Other taxes expenses | - |
| Telecommunication charges | 712 |
| Travel charges | 3,895 |
| Utilities charges | 916 |
| Disposal of fixed assets | - |
| ACLEDA Bank MSA | 53,220 |
| Bank license fees | 998 |
| External advice / audit fee | 292 |
| Board of director expenses | 2,989 |
| Total administrative expense | 149,243 |
| Profit before capacity building grants income | 223,781 |
| Capapcity building grants income (IFC) | 139,162 |
| Capapcity building grants income (KFW) | - |
| Capapcity building grants income (COFIBRED) | - |
| Total capacity building grants | 139,162 |
| Profit before income tax | 362,943 |
| Income tax expense | 90,736 |
| Net profit (loss) after taxes | 272,207 |