ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for April 2018


Balance Sheet (Unaudited)
As of April 30, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,340
Description Total
ASSETS  
Total cash 691,096
Cash - MMK 689,237
Cash - USD 1,859
Cash - THB -
Cash - EUR -
Bank deposits 4,299,799
Deposit with other banks 679,022
ST Deposit with other banks -
Current Deposit with other banks 679,022
Deposit with state bank 3,620,777
ST Deposit with MICB -
Current Deposit with MICB 3,620,777
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 24,393,812
Micro1 Business Loan 885,567
Micro2 Business Loan 23,332,708
Micro3 Business Loan 127,873
Staff Loan 47,665
Less general provision on loan (240,150)
Less specific provision (231,393)
Net loan assets 23,922,270
Prepayment and int. receivable 1,390,962
Prepayment 1,018,882
Interest receivable - MMK 372,080
Interest receivable - USD -
Other assets 2,643
Total fixed assets 503,099
Intangible assets 1,396
Accu. amortization-intangible assets (169)
Tangible assets 501,703
Accu. depre-building & tangible assets (413,204)
Net fixed assets 89,726
Total assets 30,396,496
LIABILITIES  
Total deposits 2,502,526
Withholding tax 42,229
Accrued expenses and other liabilities 1,640,157
Health insurance fund 1,012
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts 3,731,343
Long-term debts 11,556,761
Total liabilities 19,474,029
EQUITY  
Share capital 5,970,149
General Reserves 640,497
Retained earning previous period 4,180,002
Currency translation reserve -
Net income current year 131,818
Total equity 10,922,467
Inter-branch balance -
Total liabilities & equity 30,396,496

Income Statement (Unaudited)
For: April 30, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,340
Description Total
Interest on micro1 business loan 21,747
Interest on micro2 business loan 573,573
Interest on micro3 business loan 1,848
Interest on personal loan 706
Interest on bad & doubtful loans 3,693
Interest on bank deposit 1
Total interest income 601,567
Commission received on remittance -
Western Union -
Loan fee 36,315
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 987
Service chrg/penalty saving 2,255
Consultancy incomes -
Miscellaneous income 41
Recovery on loan prev chrg-off -
Total other revenues 39,598
Total financial income 641,165
Financial cost  
Interest expense on debts - MMK 206,836
Interest expense on debts - USD 2,064
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 26,324
Total financial cost 235,224
Gross financial result 405,941
Loan loss expense (41,166)
Provision for loan - MMK (41,166)
Provision for loan - USD -
Provision for accrued interest (1,049)
Currency translation expenses (196)
Financial margin 363,530
Operational cost  
Total salaries 59,395
Health insur. & social welfare fund exp. 3,719
Other insurance expenses 374
Employee train-work related expenses 524
Depreciation expenses 3,274
Purchases of FF and equipments 2,186
ATM/Credit card expenses -
Motor vehicle operating expenses 482
Repair and maint exp-FF and equipment 381
Publicity expenses 421
Advertising and promotion expense 42
Rentals charges 21,353
Contribute to employee pension fund -
Employee uniform expense 1,464
Other employee expenses 209
Litigation expenses -
Bank charges 354
Fees & commission paid to bank -
Swift expense -
Office supplies 1,858
Other miscellaneous expenses 20,081
Printing & forms expenses 2,166
Other taxes expenses -
Telecommunication charges 1,336
Travel charges 14,429
Utilities charges 1,530
Disposal of fixed assets -
ACLEDA Bank MSA 48,676
Bank license fees 498
External advice / audit fee 30
Board of director expenses 2,987
Total administrative expense 187,772
Profit before capacity building grants income 175,758
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 175,758
Income tax expense 43,939
Net profit (loss) after taxes 131,818
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