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Financial Statements for November 2017


Balance Sheet (Unaudited)
As of November 30, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,364
Description Total
ASSETS  
Total cash 77,316
Cash - MMK 74,797
Cash - USD 2,519
Cash - THB -
Cash - EUR -
Bank deposits 205,031
Deposit with other banks 203,659
ST Deposit with other banks -
Current Deposit with other banks 203,659
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 22,657,160
Micro1 Business Loan 906,032
Micro2 Business Loan 21,640,833
Micro3 Business Loan 51,663
Staff Loan 58,632
Less specific provision (6,751)
Net loan assets 22,650,409
Prepayment and int. receivable 736,299
Prepayment 406,993
Interest receivable - MMK 329,306
Interest receivable - USD -
Other assets 2,736
Total fixed assets 492,155
Intangible assets 1,371
Accu. amortization-intangible assets (53)
Tangible assets 490,785
Accu. depre-building & tangible assets (390,649)
Net fixed assets 101,454
Total assets 23,773,244
LIABILITIES  
Total deposits 1,717,615
Withholding tax 66,578
Accrued expenses and other liabilities 1,403,658
Health insurance fund 1,473
General provision on loan 225,916
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 10,637,966
Total liabilities 14,053,204
EQUITY  
Share capital 5,865,103
General Reserves 629,227
Retained earning previous period 1,887,682
Currency translation reserve (1,478)
Net income current year 1,339,506
Total equity 9,720,040
Inter-branch balance -
Total liabilities & equity 23,773,244

Income Statement (Unaudited)
For: November 30, 2017

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,364
Description Total
Interest on micro1 business loan 22,774
Interest on micro2 business loan 525,935
Interest on micro3 business loan 1,206
Interest on personal loan 885
Interest on bad & doubtful loans 2,326
Interest on bank deposit 1
Total interest income 553,128
Commission received on remittance -
Western Union -
Loan fee 30,682
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,255
Service chrg/penalty saving 1,970
Consultancy incomes -
Miscellaneous income 16
Recovery on loan prev chrg-off 22
Total other revenues 33,944
Total financial income 587,072
Financial cost  
Interest expense on debts - MMK 125,222
Interest expense on debts - USD 2,933
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 17,600
Total financial cost 145,756
Gross financial result 441,316
Loan loss expense (12,406)
Provision for loan - MMK (12,406)
Provision for loan - USD -
Provision for accrued interest -
Currency translation expenses (279)
Financial margin 429,189
Operational cost  
Total salaries 52,453
Health insur. & social welfare fund exp. 2,842
Other insurance expenses 269
Employee train-work related expenses -
Depreciation expenses 3,028
Purchases of FF and equipments 1,216
ATM/Credit card expenses -
Motor vehicle operating expenses 452
Repair and maint exp-FF and equipment 315
Publicity expenses 27
Advertising and promotion expense 41
Rentals charges 15,782
Contribute to employee pension fund 1,326
Employee uniform expense 1,675
Other employee expenses 602
Litigation expenses -
Bank charges 234
Fees & commission paid to bank -
Swift expense -
Office supplies 1,914
Other miscellaneous expenses 1,913
Printing & forms expenses 1,617
Other taxes expenses -
Telecommunication charges 1,164
Travel charges 3,666
Utilities charges 1,028
Disposal of fixed assets -
ACLEDA Bank MSA 49,372
Bank license fees 489
External advice / audit fee -
Board of director expenses 3,004
Total administrative expense 144,428
Profit before capacity building grants income 284,762
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 284,762
Income tax expense 71,190
Net profit (loss) after taxes 213,571

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