»  Financial Information  »  Financial Statements for February 2018

Financial Statements for February 2018


Balance Sheet (Unaudited)
As of February 28, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,336
Description Total
ASSETS  
Total cash 717,801
Cash - MMK 714,367
Cash - USD 3,434
Cash - THB -
Cash - EUR -
Bank deposits 1,782,722
Deposit with other banks 535,090
ST Deposit with other banks -
Current Deposit with other banks 535,090
Deposit with state bank 1,247,632
ST Deposit with MICB -
Current Deposit with MICB 1,247,632
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 23,920,358
Micro1 Business Loan 913,485
Micro2 Business Loan 22,827,776
Micro3 Business Loan 123,151
Staff Loan 55,945
Less general provision on loan (236,595)
Less specific provision (132,833)
Net loan assets 23,550,929
Prepayment and int. receivable 1,064,263
Prepayment 739,892
Interest receivable - MMK 324,372
Interest receivable - USD -
Other assets 2,524
Total fixed assets 504,201
Intangible assets 1,400
Accu. amortization-intangible assets (123)
Tangible assets 502,801
Accu. depre-building & tangible assets (407,643)
Net fixed assets 96,435
Total assets 27,214,674
LIABILITIES  
Total deposits 2,156,736
Withholding tax 43,016
Accrued expenses and other liabilities 1,522,167
Health insurance fund 1,728
Staff pension fund -
ACLEDA NGO-KfW loan -
ACLEDA NGO-counterpart fund -
Subordinate debts -
Short-term debts -
Long-term debts 12,919,300
Total liabilities 16,642,946
EQUITY  
Share capital 5,988,024
General Reserves 642,415
Retained earning previous period 1,927,245
Currency translation reserve 29,317
Net income current year 1,984,728
Total equity 10,571,728
Inter-branch balance -
Total liabilities & equity 27,214,674

Income Statement (Unaudited)
For: February 28, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,336
Description Total
Interest on micro1 business loan 21,465
Interest on micro2 business loan 516,825
Interest on micro3 business loan 1,170
Interest on personal loan 769
Interest on bad & doubtful loans 2,506
Interest on bank deposit -
Total interest income 542,736
Commission received on remittance -
Western Union -
Loan fee 35,606
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,452
Service chrg/penalty saving 2,186
Consultancy incomes -
Miscellaneous income 2
Recovery on loan prev chrg-off -
Total other revenues 39,246
Total financial income 581,982
Financial cost  
Interest expense on debts - MMK 140,828
Interest expense on debts - USD 2,083
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 20,825
Total financial cost 163,736
Gross financial result 418,246
Loan loss expense (44,480)
Provision for loan - MMK (44,480)
Provision for loan - USD -
Provision for accrued interest (1,131)
Currency translation expenses 390
Financial margin 373,024
Operational cost  
Total salaries 52,971
Health insur. & social welfare fund exp. 2,489
Other insurance expenses 376
Employee train-work related expenses 714
Depreciation expenses 3,101
Purchases of FF and equipments 1,261
ATM/Credit card expenses -
Motor vehicle operating expenses 550
Repair and maint exp-FF and equipment 279
Publicity expenses 174
Advertising and promotion expense 42
Rentals charges 16,926
Contribute to employee pension fund -
Employee uniform expense 1,400
Other employee expenses 525
Litigation expenses -
Bank charges 797
Fees & commission paid to bank -
Swift expense -
Office supplies 1,953
Other miscellaneous expenses 974
Printing & forms expenses 1,689
Other taxes expenses -
Telecommunication charges 712
Travel charges 3,895
Utilities charges 916
Disposal of fixed assets -
ACLEDA Bank MSA 53,220
Bank license fees 998
External advice / audit fee 292
Board of director expenses 2,989
Total administrative expense 149,243
Profit before capacity building grants income 223,781
Capapcity building grants income (IFC) 139,162
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants 139,162
Profit before income tax 362,943
Income tax expense 90,736
Net profit (loss) after taxes 272,207

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