ACLEDA Financial Trust

Financial Statements

Balance Sheet
As at December 31, 2015

  2015
US$
2014
US$
Assets
Cash in bank 110,147 175,838
Investment 66,713,499 56,623,238
Other receivables 17,842 17,733
Property and equipment 582 1,617
Total assets 66,842,070 56,818,426
Liabilities
Accruals and other payables 48,309 6,000
Deferred grant income 139,092 139,092
Total liabilities 187,401 145,092
Registered initial capital and reserves
Registered initial capital 9,331,721 9,331,721
Retained earnings 57,322,948 47,341,613
Total registered initial capital and reserves 66,654,669 56,673,334
Total liabilities and registered initial capital and reserves 66,842,070 56,818,426

Income Statement
For the year ended December 31, 2015

  2015
US$
2014
US$
Dividend from ACLEDA Bank Plc. 10,090,261 10,008,240
Foreign exchange (loss)/gain - net (2,392) 63,637
Total operating income 10,087,869 10,071,877
Administrative expenses (85,499) (43,196)
Management and administration fee (20,000) (12,000)
Depreciation charge (1,035) (1,035)
Total operating expenses (106,534) (56,231)
Profit before income tax 9,981,335 10,015,646
Income Tax Expense - -
Net profit for the year 9,981,335 10,015,646