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Audited Financial Statements

Balance Sheet

As at March 31, 2015
Currency - Myanmar Kyats (MMK)

  2015 2014
ASSETS
Cash on hand 93,063,883 243,504,917
Balances with other banks 6,555,065 3,044,400,973
Loans and advances to customers 8,819,688,912 4,907,631,110
Other assets 653,297,909 249,050,959
Property and equipment 188,713,620 338,881,722
Total assets 9,761,319,389 8,783,469,681
 
LIABILITIES
Due to other banks
Deposits from customers 310,814,793 137,414,564
Other liabilities 461,641,060 981,721,634
Provision for income tax 331,132,513 -
Total liabilities 1,103,588,366 1,119,136,198
EQUITIES
Capital – value per share K1,000
      Authorised - 8,000,000 shares
8,000,000,000 8,000,000,000
Share capital 8,000,000,000 8,000,000,000
Retained earning 493,298,267 (335,666,517)
Reserves 164,432,756 -
Total shareholder's funds 8,657,731,023 7,664,333,483
Total liabilities & shareholder's funds 9,761,319,389 8,783,469,681

Income Statement

For the year ended March 31, 2015
Currency - Myanmar Kyats (MMK)

FINANCIAL INCOME 2015 2014
Interest incomes 2,459,757,164 467,092,749
Interest expenses (28,811,028) (5,253,146)
Net interest incomes 2,430,946,136 461,839,603
Provision for loan losses (132,224,138) (48,984,013)
Net interest income after provision for loan losses 2,298,721,998 412,855,590
Fee and commission incomes 133,908,449 14,552,665
Fee and commission expenses - -
Net fee and commission income 133,908,449 14,552,665
Other incomes 1,043,154,746 1,084,069,404
Personnel Costs (1,518,613,100) (1,382,660,809)
Administrative and operating expenses (438,065,394) (425,721,553)
Foreign exchange translation (29,512,581) 719,639,248
Depreciation and amortisation (165,064,065) (128,296,268)
  (1,108,100,394) (132,969,978)
Profit/(loss) before income tax 1,324,530,053 294,438,277
Income tax expense (331,132,513) -
Net profit/(loss) for the year 993,397,540 294,438,277

Note: These financial statements are audited by Win Thin & Associates.


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