»  Financial Information  »  Financial Statements for July 2018

Financial Statements for July 2018


Balance Sheet (Unaudited)
As of July 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,429
Description Total
ASSETS  
Total cash 704,229
Cash - MMK 703,277
Cash - USD 952
Cash - THB -
Cash - EUR -
Bank deposits 3,156,251
Deposit with other banks 1,370,425
ST Deposit with other banks -
Current Deposit with other banks 1,370,425
Deposit with state bank 1,785,827
ST Deposit with MICB -
Current Deposit with MICB 1,785,827
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 24,379,127
Micro1 Business Loan 723,506
Micro2 Business Loan 22,961,487
Micro3 Business Loan 661,303
Staff Loan 32,831
Less general provision on loan (239,550)
Less specific provision (323,738)
Net loan assets 23,815,838
Prepayment and int. receivable 1,523,606
Prepayment 1,106,711
Interest receivable - MMK 416,896
Interest receivable - USD -
Other assets 2,642
Total fixed assets 598,081
Intangible assets 1,309
Accu. amortization-intangible assets (224)
Tangible assets 596,773
Accu. depre-building & tangible assets (405,805)
Net fixed assets 192,052
Total assets 29,394,618
LIABILITIES  
Total deposits 2,859,532
Withholding tax 43,371
Accrued expenses and other liabilities 1,815,520
Health insurance fund 3,364
Staff pension fund -
Subordinate debts -
Short-term debts 3,498,950
Long-term debts 10,452,106
Total liabilities 18,672,844
EQUITY  
Share capital 5,598,321
General Reserves 600,606
Retained earning previous period 3,919,666
Currency translation reserve (19,243)
Net income current year 622,424
Total equity 10,721,775
Inter-branch balance -
Total liabilities & equity 29,394,618

Income Statement (Unaudited)
For: July 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,429
Description Total
Interest on micro1 business loan 18,512
Interest on micro2 business loan 576,719
Interest on micro3 business loan 14,846
Interest on personal loan 505
Interest on bad & doubtful loans 3,597
Interest on bank deposit 2,349
Total interest income 616,528
Commission received on remittance -
Western Union -
Loan fee 34,851
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,271
Service chrg/penalty saving 2,866
Consultancy incomes -
Miscellaneous income 12
Recovery on loan prev chrg-off -
Total other revenues 38,999
Total financial income 655,527
Financial cost  
Interest expense on debts - MMK 159,538
Interest expense on debts - USD 2,076
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 31,003
Total financial cost 192,616
Gross financial result 462,911
Loan loss expense (29,389)
Provision for loan - MMK (29,389)
Provision for loan - USD -
Provision for accrued interest (409)
Currency translation expenses (3,220)
Financial margin 429,893
Operational cost  
Total salaries 60,030
Health insur. & social welfare fund exp. 4,119
Other insurance expenses 376
Employee train-work related expenses 1,293
Depreciation expenses 6,043
Purchases of FF and equipments 1,648
ATM/Credit card expenses -
Motor vehicle operating expenses 774
Repair and maint exp-FF and equipment 1,554
Publicity expenses 1,128
Advertising and promotion expense 39
Rentals charges 20,724
Contribute to employee pension fund -
Employee uniform expense 1,990
Other employee expenses 1,076
Litigation expenses -
Bank charges 354
Fees & commission paid to bank -
Swift expense -
Office supplies 2,914
Other miscellaneous expenses 2,272
Printing & forms expenses 3,770
Other taxes expenses -
Telecommunication charges 1,355
Travel charges 4,185
Utilities charges 1,683
Disposal of fixed assets -
ACLEDA Bank MSA 55,972
Bank license fees 502
External advice / audit fee (147)
Board of director expenses 7,474
Total administrative expense 181,128
Profit before capacity building grants income 248,765
Capapcity building grants income (IFC) -
Capapcity building grants income (KFW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 248,765
Income tax expense 62,191
Net profit (loss) after taxes 186,574

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