ACLEDA MFI Myanmar Co., Ltd.

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Financial Statements for September 2017


Balance Sheet (Unaudited)
As of September 30, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,360
Description Total
ASSETS  
Total cash 216,680
Cash - MMK 212,774
Cash - USD 3,906
Cash - THB -
Cash - EUR -
Bank deposits 167,095
Deposit with other banks 165,723
ST Deposit with other banks -
Current Deposit with other banks 165,723
Deposit with state bank 1,372
ST Deposit with MICB -
Current Deposit with MICB 1,372
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 21,364,538
Micro1 Business Loan 974,884
Micro2 Business Loan 20,281,906
Micro3 Business Loan 44,232
Staff Loan 63,515
Less specific provision (215)
Net loan assets 21,364,323
Prepayment and int. receivable 763,505
Prepayment 435,593
Interest receivable - MMK 327,912
Interest receivable - USD -
Other assets 3,419
Total fixed assets 468,903
Intangible assets 1,375
Accu. amortization-intangible assets (7)
Tangible assets 467,528
Accu. depre-building & tangible assets (385,961)
Net fixed assets 82,935
Total assets 22,597,957
LIABILITIES  
Total deposits 1,430,681
Withholding tax 23,975
Accrued expenses and other liabilities 939,757
Health insurance fund -
General provision on loan 213,643
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 10,669,254
Total liabilities 13,277,309
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 913,091
Total equity 9,320,647
Inter-branch balance -
Total liabilities & equity 22,597,957

Income Statement (Unaudited)
For: September 30, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,360
Description Total
Interest on micro1 business loan 23,739
Interest on micro2 business loan 486,486
Interest on micro3 business loan 1,072
Interest on personal loan 836
Interest on bad & doubtful loans 914
Interest on bank deposit 3
Total interest income 513,050
Commission received on remittance -
Western Union -
Loan fee 30,267
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,630
Service chrg/penalty saving 1,656
Consultancy incomes -
Miscellaneous income 1
Recovery on loan prev chrg-off -
Total other revenues 33,555
Total financial income 546,605
Financial cost  
Interest expense on debts - MMK 131,349
Interest expense on debts - USD -
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 14,935
Total financial cost 146,284
Gross financial result 400,321
Loan loss expense (9,750)
Provision for loan - MMK (9,750)
Provision for loan - USD -
Provision for accrued interest -
Currency translation expenses 54
Financial margin 390,625
Operational cost  
Total salaries 50,253
Health insur. & social welfare fund exp. 404
Other insurance expenses 269
Employee train-work related expenses (40)
Depreciation expenses 2,554
Purchases of FF and equipments 1,247
ATM/Credit card expenses -
Motor vehicle operating expenses 261
Repair and maint exp-FF and equipment 806
Publicity expenses 292
Advertising and promotion expense -
Rentals charges 15,813
Contribute to employee pension fund 1,324
Employee uniform expense 1,866
Other employee expenses 9,723
Litigation expenses -
Bank charges 216
Fees & commission paid to bank 3,762
Swift expense -
Office supplies 2,061
Other miscellaneous expenses 1,426
Printing & forms expenses 2,265
Other taxes expenses -
Telecommunication charges 1,193
Travel charges 3,487
Utilities charges 1,181
Disposal of fixed assets (5)
ACLEDA Bank MSA 42,987
Bank license fees 490
External advice / audit fee -
Board of director expenses 10,985
Total administrative expense 155,180
Profit before capacity building grants income 235,444
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 235,444
Income tax expense 60,045
Net profit (loss) after taxes 175,399
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