»  Financial Information  »  Financial Statements for August 2018

Financial Statements for August 2018


Balance Sheet (Unaudited)
As of August 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,512
Description Total
ASSETS  
Total cash 614,999
Cash - MMK 513,597
Cash - USD 101,402
Cash - THB -
Cash - EUR -
Bank deposits 2,106,108
Deposit with other banks 418,246
ST Deposit with other banks -
Current Deposit with other banks 418,246
Deposit with state bank 1,687,862
ST Deposit with MICB -
Current Deposit with MICB 1,687,862
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 23,608,202
Micro1 Business Loan 703,805
Micro2 Business Loan 22,199,614
Micro3 Business Loan 657,149
Staff Loan 47,635
Less general provision on loan (232,033)
Less specific provision (327,575)
Net loan assets 23,048,594
Prepayment and int. receivable 1,438,186
Prepayment 1,040,445
Interest receivable - MMK 397,741
Interest receivable - USD -
Other assets 2,831
Total fixed assets 573,765
Intangible assets 1,237
Accu. amortization-intangible assets (233)
Tangible assets 572,528
Accu. depre-building & tangible assets (392,398)
Net fixed assets 181,134
Total assets 27,391,852
LIABILITIES  
Total deposits 2,862,129
Withholding tax 34,387
Accrued expenses and other liabilities 1,677,217
Health insurance fund 4,621
Staff pension fund -
Subordinate debts -
Short-term debts 3,306,878
Long-term debts 9,200,271
Total liabilities 17,085,503
EQUITY  
Share capital 5,291,005
General Reserves 567,636
Retained earning previous period 3,704,499
Currency translation reserve (52,448)
Net income current year 795,656
Total equity 10,306,349
Inter-branch balance -
Total liabilities & equity 27,391,852

Income Statement (Unaudited)
For: August 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,512
Description Total
Interest on micro1 business loan 17,424
Interest on micro2 business loan 548,045
Interest on micro3 business loan 15,523
Interest on personal loan 536
Interest on bad & doubtful loans 3,772
Interest on bank deposit 2,220
Total interest income 587,520
Commission received on remittance -
Western Union -
Loan fee 33,837
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,454
Service chrg/penalty saving 2,644
Consultancy incomes -
Miscellaneous income 10
Recovery on loan prev chrg-off -
Total other revenues 37,946
Total financial income 625,466
Financial cost  
Interest expense on debts - MMK 146,275
Interest expense on debts - USD 2,065
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 30,835
Total financial cost 179,174
Gross financial result 446,291
Loan loss expense (27,241)
Provision for loan - MMK (27,241)
Provision for loan - USD -
Provision for accrued interest (182)
Currency translation expenses (8,431)
Financial margin 410,437
Operational cost  
Total salaries 60,984
Health insur. & social welfare fund exp. 3,837
Other insurance expenses 375
Employee train-work related expenses 333
Depreciation expenses 6,102
Purchases of FF and equipments 1,951
ATM/Credit card expenses -
Motor vehicle operating expenses 1,011
Repair and maint exp-FF and equipment 627
Publicity expenses 595
Advertising and promotion expense 37
Rentals charges 20,215
Contribute to employee pension fund -
Employee uniform expense 2,113
Other employee expenses 196
Litigation expenses -
Bank charges 1,922
Fees & commission paid to bank -
Swift expense -
Office supplies 2,785
Other miscellaneous expenses 2,331
Printing & forms expenses 4,046
Other taxes expenses -
Telecommunication charges 1,484
Travel charges 4,019
Utilities charges 1,056
Disposal of fixed assets -
ACLEDA Bank MSA 55,461
Bank license fees 441
External advice / audit fee 40
Board of director expenses 7,500
Total administrative expense 179,462
Profit before capacity building grants income 230,976
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 230,976
Income tax expense 57,744
Net profit (loss) after taxes 173,232

Feedback Form     Legal Notice     Find us on Facebook
Online Visitors: 4    Today‚Äč Visitors: 184    Yesterday Visitors: 134