Final Report Chapter 8 Project Implementation Plan Table 8.1-4 Balance Sheet of MPT (2008/09-2011/12) Myanma Posts & Telecommunications Balance Sheet (B) as at 31st March'2009-2012 ( Kyats In Million ) Particular Fixed Assets 2008/09 2009/10 2010/11 86,498.349 125,777.000 (a) Land & Buildings 25,655.282 36,339.460 43,804.011 41,741.632 (b) Machineries & Equipments 53,893.393 82,654.633 134,832.312 156,987.385 (c) Vehicles 754.741 742.171 969.334 1,275.541 (d) Office Furniture 276.494 375.840 488.698 666.747 5,715.671 5,428.691 4,808.112 4,504.994 202.768 236.205 220.681 205.157 23,016.165 35,418.275 57,668.411 44,596.206 2.040 2.040 2.040 2.040 Government Accounts( Investment for operation) 75,417.724 81,527.430 81,603.745 7,304.409 Current Assets 32,094.757 40,038.308 46,401.290 52,003.261 (a) Inventories 239.411 221.257 291.304 412.241 (e) Office Equipments (f) Tools & Equipments for Training Works in Process (Projects) Investment in Myanmar DHL (b) Payments in Advance (c) Sundry Debtors Short Term Liabilities Income Tax payable restated (a) Sundry Creditors 205,381.456 6.929 4.651 24.865 29.434 31,773.228 39,739.551 46,017.479 51,432.946 75.189 72.849 67.642 128.640 217,029.035 282,763.053 370,798.634 309,287.372 87,136.465 98,396.577 97,810.821 117,423.026 65,178.990 70,651.870 72,854.034 98,105.619 20,049.511 23,651.976 22,943.387 16,907.264 (d) Cash in Hand Total Assets 185,123.148 2011/12 (b) Remittance in Transit 106.972 99.034 72.731 30.064 1,800.992 3,993.697 1,940.669 2,380.079 Net Assets 129,892.570 184,366.476 272,987.813 191,864.346 Particular 2008/09 2009/10 2010/11 2011/12 12,090.185 37,233.321 91,424.225 79,500.519 116,627.039 146,079.721 180,629.293 111,525.205 1,175.346 1,053.434 934.295 838.622 Fixed Deposit 179.009 189.625 183.639 187.813 Loans 996.337 863.809 750.656 650.809 129,892.570 184,366.476 272,987.813 191,864.346 (c) Suspense Accounts Equity Capital Reserved Fund restated ( State Contribution,Bad Debt ) Long - Term Liabilities Total Capitalization (Note) Equity in each year is indicated in accordance with international standard and in order to keep continuity and consistency between years, some corrections have been made that corporate tax values have been deducted from the reserved fund in MPT BS and indicated as Income Tax payable restated. 3) Issues encountered by the operator (MPT) As described above, the management status of MPT is good in terms of its financial situation. This means that if the management environment to date is maintained, it can be said that the 8-9

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