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Audited Financial Statements

Balance Sheet

As at March 31, 2016
Currency - Myanmar Kyats (MMK)

  2016 2015
ASSETS
Cash on hand 107,218,950 93,063,883
Balances with other banks 14,776,761 6,555,065
Loans and advances to customers 9,985,459,952 8,819,688,912
Other assets 801,022,122 653,297,909
Property and equipment 41,831,515 188,713,620
Total assets 10,950,309,300 9,761,319,389
 
LIABILITIES
Due to other banks
Deposits from customers 440,882,391 310,814,793
Other liabilities 493,265,877 461,641,060
Provision for income tax 343,513,643 331,132,513
Total liabilities 1,277,661,911 1,103,588,366
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 1,254,485,541 493,298,267
Reserves 418,161,848 164,432,756
Total shareholder's funds 9,672,647,389 8,657,731,023
Total liabilities & shareholder's funds 10,950,309,300 9,761,319,389

Income Statement

For the year ended March 31, 2016
Currency - Myanmar Kyats (MMK)

FINANCIAL INCOME 2016 2015
Interest incomes 3,001,915,883 2,459,757,164
Interest expenses (54,879,680) (28,811,028)
Net interest incomes 2,947,036,203 2,430,946,136
Provision for loan losses (23,959,212) (132,224,138)
Net interest income after provision for loan losses 2,923,076,991 2,298,721,998
Fee and commission incomes 196,229,244 133,908,449
Fee and commission expenses (121,600,000) -
Net fee and commission income 74,629,244 133,908,449
Other incomes 629,204,503 1,043,154,746
Personnel Costs (1,573,990,799) (1,518,613,100)
Administrative and operating expenses (432,847,542) (438,065,394)
Foreign exchange translation (93,846,446) (29,512,581)
Depreciation and amortisation (152,171,380) (165,064,065)
  (1,623,651,664) (1,108,100,394)
Profit/(loss) before income tax 1,374,054,571 1,324,530,053
Income tax expense (359,138,205) (331,132,513)
Net profit/(loss) for the year 1,014,916,366 993,397,540

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

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