ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for May 2018


Balance Sheet (Unaudited)
As of May 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,355
Description Total
ASSETS  
Total cash 274,087
Cash - MMK 271,728
Cash - USD 2,359
Cash - THB -
Cash - EUR -
Bank deposits 4,256,465
Deposit with other banks 675,757
ST Deposit with other banks -
Current Deposit with other banks 675,757
Deposit with state bank 3,580,708
ST Deposit with MICB -
Current Deposit with MICB 3,580,708
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 25,120,336
Micro1 Business Loan 778,031
Micro2 Business Loan 23,935,387
Micro3 Business Loan 364,962
Staff Loan 41,956
Less general provision on loan (247,128)
Less specific provision (269,410)
Net loan assets 24,603,798
Prepayment and int. receivable 1,418,417
Prepayment 1,001,970
Interest receivable - MMK 416,447
Interest receivable - USD -
Other assets 2,434
Total fixed assets 589,989
Intangible assets 1,380
Accu. amortization-intangible assets (190)
Tangible assets 588,609
Accu. depre-building & tangible assets (413,173)
Net fixed assets 176,626
Total assets 30,731,827
LIABILITIES  
Total deposits 2,716,547
Withholding tax 61,241
Accrued expenses and other liabilities 1,863,107
Health insurance fund 1,134
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts 3,690,037
Long-term debts 11,428,827
Total liabilities 19,760,893
EQUITY  
Share capital 5,904,059
General Reserves 633,407
Retained earning previous period 4,133,729
Currency translation reserve (1,459)
Net income current year 301,198
Total equity 10,970,934
Inter-branch balance -
Total liabilities & equity 30,731,827

Income Statement (Unaudited)
For: May 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,355
Description Total
Interest on micro1 business loan 19,496
Interest on micro2 business loan 587,137
Interest on micro3 business loan 6,494
Interest on personal loan 668
Interest on bad & doubtful loans 3,450
Interest on bank deposit 1
Total interest income 617,246
Commission received on remittance -
Western Union -
Loan fee 35,637
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,349
Service chrg/penalty saving 2,876
Consultancy incomes -
Miscellaneous income 7
Recovery on loan prev chrg-off -
Total other revenues 39,869
Total financial income 657,115
Financial cost  
Interest expense on debts - MMK 161,833
Interest expense on debts - USD 2,077
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 28,689
Total financial cost 192,598
Gross financial result 464,517
Loan loss expense (50,215)
Provision for loan - MMK (50,215)
Provision for loan - USD -
Provision for accrued interest (1,521)
Currency translation expenses (422)
Financial margin 412,357
Operational cost  
Total salaries 69,054
Health insur. & social welfare fund exp. 4,280
Other insurance expenses 376
Employee train-work related expenses 1,209
Depreciation expenses 4,030
Purchases of FF and equipments 6,399
ATM/Credit card expenses -
Motor vehicle operating expenses 781
Repair and maint exp-FF and equipment 3,463
Publicity expenses 203
Advertising and promotion expense 108
Rentals charges 18,903
Contribute to employee pension fund -
Employee uniform expense 1,694
Other employee expenses 1,706
Litigation expenses -
Bank charges 116
Fees & commission paid to bank -
Swift expense -
Office supplies 3,176
Other miscellaneous expenses 4,662
Printing & forms expenses 3,501
Other taxes expenses -
Telecommunication charges 1,241
Travel charges 4,391
Utilities charges 1,466
Disposal of fixed assets -
ACLEDA Bank MSA 52,244
Bank license fees 492
External advice / audit fee 30
Board of director expenses 2,991
Total administrative expense 186,517
Profit before capacity building grants income 225,840
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 225,840
Income tax expense 56,460
Net profit (loss) after taxes 169,380
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