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Audited Financial Statements
Balance Sheet
As at March 31, 2018
Currency - Myanmar Kyats (MMK)
| 31 Mar 2018 | 31 Mar 2017 | |
| ASSETS | ||
| Cash on hand | 182,515,562 | 314,891,012 |
| Balances with other banks | 495,044,192 | 2,057,361,344 |
| Loans and advances to customers | 32,118,918,174 | 20,975,180,424 |
| Other assets | 1,828,400,332 | 1,177,306,818 |
| Property and equipment | 122,600,255 | 29,489,015 |
| Intangible assets | 1,674,400 | - |
| Total assets | 34,749,152,915 | 24,554,228,613 |
| LIABILITIES | ||
| Due to other banks | - | - |
| Deposits from customers | 34,749,152,915 | 1,020,426,851 |
| Other liabilities | 643,264,280 | 306,635,004 |
| Borrowings | 643,264,280 | 11,197,500,000 |
| Provision for income tax | 1,045,291,278 | 596,601,529 |
| Total liabilities | 20,325,638,460 | 13,121,163,384 |
| EQUITIES | ||
| Capital – value per share K1,000 Authorised - 8,000,000 shares |
8,000,000,000 | |
| Share capital | 8,000,000,000 | 8,000,000,000 |
| Retained earning | 4,817,635,840 | 2,574,798,921 |
| Reserves | 1,605,878,615 | 858,266,308 |
| Total equities | 14,423,514,455 | 11,433,065,229 |
| Total liabilities & equities | 34,749,152,915 | 24,554,228,613 |
Income Statement
For the year ended March 31, 2018
Currency - Myanmar Kyats (MMK)
| FINANCIAL INCOME | 31 Mar 2018 | 31 Mar 2017 |
| Interest incomes | 8,303,899,078 | 4,644,605,736 |
| Interest expenses | (2,329,598,126) | (846,764,242) |
| Net interest incomes | 5,974,300,952 | 3,797,841,494 |
| Provision for loan losses | (362,707,350) | (8,781,379) |
| Net interest income after provision for loan losses | 5,611,593,602 | 3,789,060,115 |
| Fee and commission incomes | 522,265,251 | 292,751,628 |
| Fee and commission expenses | (139,679,060) | (84,405,001) |
| Net fee and commission income | 382,586,191 | 208,346,627 |
| Other incomes | 308,922,910 | 509,676,396 |
| Personnel Costs | (1,573,160,039) | (1,531,791,813) |
| Administrative and operating expenses | (655,491,785) | (531,196,338) |
| Foreign exchange translation | 4,216,027 | (14,946,620) |
| Depreciation and amortisation | (41,316,140) | (42,742,259) |
| (1,956,829,027) | (1,611,000,634) | |
| Profit/(loss) before income tax | 4,037,350,766 | 2,386,406,108 |
| Income tax expense | (1,046,901,540) | (625,988,268) |
| Net profit/(loss) for the year | 2,990,449,226 | 1,760,417,840 |
Note: These financial statements are audited by Win Thin & Associates.
