»  Financial Information  »  Financial Statements for October 2018

Financial Statements for October 2018


Balance Sheet (Unaudited)
As of October 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,560
Description Total
ASSETS  
Total cash 736,767
Cash - MMK 673,041
Cash - USD 63,726
Cash - THB -
Cash - EUR -
Bank deposits 534,737
Deposit with other banks 533,389
ST Deposit with other banks -
Current Deposit with other banks 533,389
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 23,649,241
Micro1 Business Loan 769,666
Micro2 Business Loan 22,021,382
Micro3 Business Loan 808,845
Staff Loan 49,348
Less general provision on loan (232,495)
Less specific provision (331,434)
Net loan assets 23,085,312
Prepayment and int. receivable 1,588,232
Prepayment 1,181,903
Interest receivable - MMK 406,330
Interest receivable - USD -
Other assets 3,623
Total fixed assets 657,252
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 657,252
Accu. depre-building & tangible assets (396,554)
Net fixed assets 260,698
Total assets 26,209,369
LIABILITIES  
Total deposits 3,064,716
Withholding tax 36,682
Accrued expenses and other liabilities 1,788,777
Health insurance fund 6,590
Staff pension fund -
Subordinate debts -
Short-term debts 3,205,128
Long-term debts 7,779,926
Total liabilities 15,881,820
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 1,133,883
Total equity 10,327,549
Inter-branch balance -
Total liabilities & equity 26,209,369

Income Statement (Unaudited)
For: October 31, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,560
Description Total
Interest on micro1 business loan 18,994
Interest on micro2 business loan 550,375
Interest on micro3 business loan 18,706
Interest on personal loan 733
Interest on bad & doubtful loans 4,677
Interest on bank deposit 1,766
Total interest income 595,251
Commission received on remittance -
Western Union -
Loan fee 32,974
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,613
Service chrg/penalty saving 2,382
Consultancy incomes -
Miscellaneous income 4
Recovery on loan prev chrg-off -
Total other revenues 36,973
Total financial income 632,224
Financial cost  
Interest expense on debts - MMK 121,638
Interest expense on debts - USD 2,060
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 33,360
Total financial cost 157,059
Gross financial result 475,165
Loan loss expense (18,398)
Provision for loan - MMK (18,398)
Provision for loan - USD -
Provision for accrued interest (25)
Currency translation expenses (649)
Financial margin 456,093
Operational cost  
Total salaries 72,893
Health insur. & social welfare fund exp. 4,247
Other insurance expenses 374
Employee train-work related expenses 312
Depreciation expenses 8,363
Purchases of FF and equipments 7,349
ATM/Credit card expenses -
Motor vehicle operating expenses 897
Repair and maint exp-FF and equipment 1,202
Publicity expenses 398
Advertising and promotion expense 36
Rentals charges 19,213
Contribute to employee pension fund -
Employee uniform expense 2,460
Other employee expenses 1,050
Litigation expenses -
Bank charges 381
Fees & commission paid to bank -
Swift expense -
Office supplies 3,284
Other miscellaneous expenses 2,572
Printing & forms expenses 2,932
Other taxes expenses -
Telecommunication charges 1,538
Travel charges 5,947
Utilities charges 1,543
Disposal of fixed assets 947
ACLEDA Bank MSA 61,864
Bank license fees 538
External advice / audit fee 38
Board of director expenses 6,168
Total administrative expense 206,547
Profit before capacity building grants income 249,546
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 249,546
Income tax expense 62,386
Net profit (loss) after taxes 187,159

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