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Audited Financial Statements

	30 Sep 2019	31 Mar 2019
ASSETS
Cash on hand	1,172,470,082	2,199,458,853
Balances with other banks	6,437,619,499	4,268,875,260
Loans and advances to customers	50,262,034,285	40,505,819,759
Other assets	1,984,801,191	2,067,357,198
Property and equipment	449,841,334	407,482,000
TOTAL ASSETS	60,306,766,391	49,448,993,070

LIABILITIES
Deposits from customers	7,579,308,998	5,938,685,840
Other liabilities	1,125,631,863	1,515,025,126
Borrowings	26,100,321,667	24,330,607,500
Current income tax liabilities	647,472,863	853,062,196
TOTAL LIABILITIES	35,452,735,391	32,637,380,662

EQUITY
Share capital	14,100,000,000	8,000,000,000
General reserves	2,688,507,751	2,202,903,103
Retained earning	8,065,523,249	6,608,709,305
TOTAL EQUITY	24,854,031,000	16,811,612,408
TOTAL LIABILITIES AND EQUITY	60,306,766,391	49,448,993,070

	30 Sep 2019	31 Mar 2019
Interest incomes	6,872,848,266	10,719,406,599
Interest expenses	(2,289,626,426)	(3,225,228,539)
Net interest incomes	4,583,221,840	7,494,178,060

Provision for loan losses	(240,370,905)	(475,540,098)
Net interest income after provision for loan losses	4,342,850,935	7,018,637,962

Fee and commission incomes	419,419,260	696,446,753
Fee and commission expenses	(120,019,060)	(262,449,873)
Net fee and commission income	299,400,200	433,996,880

Other incomes	1,016,638	38,438,570
Personnel expenses	(1,328,710,750)	(2,884,540,533)
General and administrative expenses	(640,712,035)	(1,248,005,815)
Foreign exchange translation	20,622,962	11,524,153
Depreciation charge	(104,576,494)	(128,694,440)
	(2,052,359,679)	(4,211,474,695)

Profit before income tax	2,589,891,456	3,241,160,147
Income tax expense	(647,472,863)	(853,062,195)
Profit for the year	1,942,418,593	2,388,097,952

Note: These financial statements are audited by Khin Su Htay & Associates Limited.