»  Financial Information  »  Financial Statements for November 2018

Financial Statements for November 2018


Balance Sheet (Unaudited)
As of November 30, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,573
Description Total
ASSETS  
Total cash 704,106
Cash - MMK 666,536
Cash - USD 37,570
Cash - THB -
Cash - EUR -
Bank deposits 952,345
Deposit with other banks 950,998
ST Deposit with other banks -
Current Deposit with other banks 950,998
Deposit with state bank 1,347
ST Deposit with MICB -
Current Deposit with MICB 1,347
CBM reserve requirement -
Reserve requirement -
Capital guarantee deposit -
Gross loan assets 23,617,763
Micro1 Business Loan 811,446
Micro2 Business Loan 21,857,110
Micro3 Business Loan 894,906
Staff Loan 54,301
Less general provision on loan (232,124)
Less specific provision (343,740)
Net loan assets 23,041,899
Prepayment and int. receivable 1,527,857
Prepayment 1,144,420
Interest receivable - MMK 383,437
Interest receivable - USD -
Other assets 4,265
Total fixed assets 662,416
Intangible assets -
Accu. amortization-intangible assets -
Tangible assets 662,416
Accu. depre-building & tangible assets (402,010)
Net fixed assets 260,407
Total assets 26,490,878
LIABILITIES  
Total deposits 3,180,426
Withholding tax 57,410
Accrued expenses and other liabilities 1,997,133
Health insurance fund 7,552
Staff pension fund -
Subordinate debts -
Short-term debts 3,178,640
Long-term debts 7,715,629
Total liabilities 16,136,790
EQUITY  
Share capital 5,085,823
General Reserves 1,020,902
Retained earning previous period 3,085,563
Currency translation reserve (83,974)
Net income current year 1,245,773
Total equity 10,354,088
Inter-branch balance -
Total liabilities & equity 26,490,878

Income Statement (Unaudited)
For: November 30, 2018

(Amounts in USD)
Exchange Rate: USD 1 = Kyats 1,573
Description Total
Interest on micro1 business loan 19,204
Interest on micro2 business loan 525,151
Interest on micro3 business loan 20,345
Interest on personal loan 721
Interest on bad & doubtful loans 5,159
Interest on bank deposit 1,753
Total interest income 572,332
Commission received on remittance -
Western Union -
Loan fee 33,389
Payroll service -
Foreign exchange -
Trade finance -
Fees received on e-banking system -
Others commission income -
Income from sale of check book 1,379
Service chrg/penalty saving 2,500
Consultancy incomes -
Miscellaneous income -
Recovery on loan prev chrg-off -
Total other revenues 37,268
Total financial income 609,600
Financial cost  
Interest expense on debts - MMK 119,919
Interest expense on debts - USD 2,083
Interest expense on debts - THB -
Interest expense on debts - EUR -
Interest on deposits 33,434
Total financial cost 155,436
Gross financial result 454,164
Loan loss expense (16,595)
Provision for loan - MMK (16,595)
Provision for loan - USD -
Provision for accrued interest (504)
Currency translation expenses (887)
Financial margin 436,178
Operational cost  
Total salaries 142,334
Health insur. & social welfare fund exp. 5,419
Other insurance expenses 378
Employee train-work related expenses 526
Depreciation expenses 8,516
Purchases of FF and equipments 3,132
ATM/Credit card expenses -
Motor vehicle operating expenses 908
Repair and maint exp-FF and equipment 317
Publicity expenses 795
Advertising and promotion expense 36
Rentals charges 19,942
Contribute to employee pension fund -
Employee uniform expense 2,720
Other employee expenses 528
Litigation expenses -
Bank charges 363
Fees & commission paid to bank -
Swift expense -
Office supplies 4,017
Other miscellaneous expenses 2,705
Printing & forms expenses 2,976
Other taxes expenses -
Telecommunication charges 1,514
Travel charges 7,792
Utilities charges 1,673
Disposal of fixed assets -
ACLEDA Bank MSA 72,534
Bank license fees 314
External advice / audit fee 51
Board of director expenses 7,500
Total administrative expense 286,990
Profit before capacity building grants income 149,188
Capapcity building grants income (IFC) -
Capapcity building grants income (KfW) -
Capapcity building grants income (COFIBRED) -
Total capacity building grants -
Profit before income tax 149,188
Income tax expense 37,297
Net profit (loss) after taxes 111,891
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