»  Financial Information  »  Financial Statements for September 2018

Financial Statements for September 2018


Balance Sheet (Unaudited)
As of September 30, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,560
Description Total
ASSETS  
Total cash 664,728
Cash - MMK 589,166
Cash - USD 75,562
Cash - THB -
Cash - EUR -
Bank deposits 586,573
Deposit with other banks 585,225
ST Deposit with other banks -
Current Deposit with other banks 585,225
Deposit with state bank 1,349
ST Deposit with MICB -
Current Deposit with MICB 1,349
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 23,159,716
Micro1 Business Loan 710,251
Micro2 Business Loan 21,709,721
Micro3 Business Loan 691,063
Staff Loan 48,681
Less general provision on loan (227,832)
Less specific provision (317,885)
Net loan assets 22,613,999
Prepayment and int. receivable 1,561,069
Prepayment 1,177,201
Interest receivable - MMK 383,869
Interest receivable - USD -
Other assets 2,978
Total fixed assets 616,783
Intangible assets 1,199
Accu. amortization-intangible assets (246)
Tangible assets 615,584
Accu. depre-building & tangible assets (388,197)
Net fixed assets 228,341
Total assets 25,657,688
LIABILITIES  
Total deposits 2,879,692
Withholding tax 18,955
Accrued expenses and other liabilities 1,628,448
Health insurance fund 5,150
Staff pension fund -
Subordinate debts -
Short-term debts 3,205,128
Long-term debts 7,779,926
Total liabilities 15,517,299
EQUITY  
Share capital 5,128,205
General Reserves 1,029,409
Retained earning previous period 3,111,276
Currency translation reserve (75,225)
Net income current year 946,723
Total equity 10,140,389
Inter-branch balance -
Total liabilities & equity 25,657,688

Income Statement (Unaudited)
For: September 30, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,560
Description Total
Interest on micro1 business loan 17,267
Interest on micro2 business loan 523,832
Interest on micro3 business loan 15,521
Interest on personal loan 678
Interest on bad & doubtful loans 3,789
Interest on bank deposit 2,151
Total interest income 563,238
Commission received on remittance -
Western Union -
Loan fee 32,326
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,457
Service chrg/penalty saving 2,400
Consultancy incomes -
Miscellaneous income 5
Recovery on loan prev chrg-off -
Total other revenues 36,189
Total financial income 599,428
Financial cost  
Interest expense on debts - MMK 127,900
Interest expense on debts - USD 17,468
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 29,434
Total financial cost 174,802
Gross financial result 424,625
Loan loss expense (13,226)
Provision for loan - MMK (13,226)
Provision for loan - USD -
Provision for accrued interest (42)
Currency translation expenses (1,501)
Financial margin 412,942
Operational cost  
Total salaries 61,537
Health insur. & social welfare fund exp. 3,957
Other insurance expenses 385
Employee train-work related expenses 415
Depreciation expenses 6,522
Purchases of FF and equipments 3,190
ATM/Credit card expenses -
Motor vehicle operating expenses 977
Repair and maint exp-FF and equipment 408
Publicity expenses 662
Advertising and promotion expense 36
Rentals charges 20,335
Contribute to employee pension fund -
Employee uniform expense 2,265
Other employee expenses 1,962
Litigation expenses -
Bank charges 496
Fees & commission paid to bank -
Swift expense -
Office supplies 3,632
Other miscellaneous expenses 2,802
Printing & forms expenses 3,495
Other taxes expenses -
Telecommunication charges 1,241
Travel charges 10,286
Utilities charges 1,406
Disposal of fixed assets -
ACLEDA Bank MSA 65,573
Bank license fees 1,205
External advice / audit fee 1,109
Board of director expenses 17,623
Total administrative expense 211,519
Profit before capacity building grants income 201,423
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 201,423
Income tax expense 50,356
Net profit (loss) after taxes 151,067

Feedback Form     Legal Notice     Find us on Facebook
Online Visitors: 12    Today‚Äč Visitors: 174    Yesterday Visitors: 348