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Financial Statements for August 2017


Balance Sheet (Unaudited)
As of August 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,360
Description Total
ASSETS  
Total cash 421,405
Cash - MMK 419,422
Cash - USD 1,983
Cash - THB -
Cash - EUR -
Bank deposits 2,211,429
Deposit with other banks 739,468
ST Deposit with other banks -
Current Deposit with other banks 739,468
Deposit with central bank 1,471,961
ST Deposit with MICB -
Current Deposit with MICB 1,471,961
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 20,394,899
Micro1 Business Loan 951,261
Micro2 Business Loan 19,351,788
Micro3 Business Loan 44,945
Staff Loan 46,904
Less specific provision (161)
Net loan assets 20,394,738
Prepayment and int. receivable 1,071,395
Prepayment 707,551
Interest receivable - MMK 363,843
Interest receivable - USD -
Other assets 2,509
Total fixed assets 467,771
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 467,771
Accu. depre-building & tangible assets (383,448)
Net fixed assets 84,323
Total assets 24,185,798
LIABILITIES  
Total deposits 1,346,979
Withholding tax 26,067
Accrued expenses and other liabilities 1,488,239
Health insurance fund 1,562
General provision on loan 203,947
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 11,973,757
Total liabilities 15,040,551
EQUITY  
Share capital 5,882,353
Capacity Building (Grant by ACL) -
General Reserves 631,078
Retained earning previous period 1,893,235
Currency translation reserve 891
Net income current year 737,692
Total equity 9,145,248
Inter-branch balance -
Total liabilities & equity 24,185,798

Income Statement (Unaudited)
For: August 31, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,360
Description Total
Interest on micro1 business loan 22,741
Interest on micro2 business loan 474,007
Interest on micro3 business loan 1,120
Interest on personal loan 295
Interest on bad & doubtful loans 716
Interest on bank deposit 1,929
Total interest income 500,808
Commission received on remittance -
Western Union -
Loan fee 25,037
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,753
Service chrg/penalty saving 1,268
Consultancy incomes -
Miscellaneous income 2
Recovery on loan prev chrg-off -
Total other revenues 28,059
Total financial income 528,867
Financial cost  
Interest expense on debts - MMK 143,516
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 13,900
Total financial cost 157,416
Gross financial result 371,451
Loan loss expense (16,812)
Provision for loan - MMK (16,812)
Provision for loan - USD -
Provision for accrued interest (17)
Currency translation expenses 67
Financial margin 354,689
Operational cost  
Total salaries 50,223
Health insur. & social welfare fund exp. 2,801
Other insurance expenses 269
Employee train-work related expenses 437
Depreciation expenses 2,595
Purchases of FF and equipments 1,663
ATM/Credit card expenses -
Motor vehicle operating expenses 545
Repair and maint exp-FF and equipment 1,095
Publicity expenses 75
Advertising and promotion expense -
Rentals charges 15,813
Contribute to employee pension fund 1,321
Employee uniform expense 1,446
Other employee expenses 161
Litigation expenses -
Bank charges 675
Fees & commission paid to bank 3,765
Swift expense -
Office supplies 2,404
Other miscellaneous expenses 1,266
Printing & forms expenses 2,647
Other taxes expenses -
Telecommunication charges 1,160
Travel charges 2,407
Utilities charges 1,446
Disposal of fixed assets -
ACLEDA Bank MSA 46,267
Bank license fees 490
External advice / audit fee -
Board of director expenses 3,001
Total administrative expense 143,974
Profit before capacity building grants income 210,715
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 210,715
Income tax expense 52,679
Net profit (loss) after taxes 158,036

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