ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 31-Jan-17 31-Jan-16 31-Jan-15 31-Jan-14
1 Number of Branches 850 704 615 510
2 # of Microfinance Officers (MFOs) 4,217 3,440 2,932 2,461
3 Number of Total Staff 5,970 4,815 4,028 3,366
4 Number of Provinces Covered 82 82 81 80
5 Number of Clients 1,273,722 1,075,242 854,095 701,099
6 Clients' Savings Balance (PHP) 4,589,601,670 3,181,895,520 2,180,980,090 1,642,631,470
7 Number of Active Borrowers 1,273,722 1,075,242 854,095 701,099
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 93,885,571,000 63,812,319,000 44,267,608,000 31,054,158,000
   Target of Collections (cumulative) 85,113,195,194 58,281,805,551 40,721,358,925 28,379,717,085
   Actual Collections (cumulative) 85,093,737,194 58,278,560,508 40,720,256,011 28,379,197,868
   Outstanding Portfolio (PHP) 8,791,833,806 5,533,758,492 3,547,351,989 2,674,960,132
9 Recovery Rate 99.73% 99.92% 99.96% 99.97%
10 Portfolio at Risk 0.20% 0.04% 0.01% 0.01%
11 No. of Delinquent A/Cs 4,863 675 247 162
12 % of Delinquent A/Cs 0.38% 0.06% 0.03% 0.02%
13 Amount of Past Due (PHP) 19,458,000 3,245,043 1,102,914 519,217
14 Amount of Portfolio at Risk (PHP) 17,603,420 2,297,500 693,600 354,910

Assets and Property
COMPARATIVE BALANCE SHEET

 JANUARY-2017   JANUARY-2016   JANUARY-2015   JANUARY-2014 
   Cash on Hand 23,722,611 12,960,804 8,358,668 5,642,390
   Cash in Bank (All Branches) 442,009,383 392,469,999 234,658,995 144,855,512
   Cash in Bank (Checking) 67,522,870 327,081,402 322,218,297 258,959,978
Subtotal of Cash on Hand and in Bank 533,254,864 732,512,205 565,235,960 409,457,880
Loans Outstanding (Principal) 8,791,833,806 5,533,758,492 3,547,351,989 2,674,960,132
   Less: Reserved for Loan Loss -442,019,300 -408,209,310 -407,945,470 -241,520,510
Net Loans Outstanding 8,349,814,506 5,125,549,182 3,139,406,519 2,433,439,622
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 168,599,797 126,567,335 88,286,303 66,571,633
   Equipment and Vehicles 29,724,553 25,904,553 11,308,773 7,632,146
   Less: Accumulated Depreciation -132,093,747 -93,039,201 -66,466,494 -49,298,800
Subtotal of Property and Equipment 131,909,187 125,111,271 98,807,166 37,703,118
    Staff Advance from Salary 29,024,300 34,803,100 23,420,100 0
    Staff Advance from Motorcycle 74,632,800 54,358,100 50,121,500 47,092,000
    Special Advance 7,215,534 1,516,735 532,068 10,441,318
    Cash Advance to Staff 1,393,124 1,534,316 1,151,857 751,238
    Office Rental Deposit 21,546,386 15,738,898 12,066,879 9,134,415
    Others 93,768 1,513,887 4,623,556 333,375
Subtotal of Other Receivables 133,905,912 109,465,036 91,915,960 67,752,346
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 9,148,884,469 6,092,637,694 3,895,365,605 2,948,352,966
   Clients' CBU (Savings) 3,875,692,790 2,646,728,630 1,800,920,250 1,367,516,580
   Clients' LCBU (Savings) 713,908,880 535,166,890 380,059,840 275,114,890
   Subtotal of Clients' CBU 4,589,601,670 3,181,895,520 2,180,980,090 1,642,631,470
   BPSF 614,693,480 462,194,250 321,456,100 211,803,560
   Staff CBU 0 61,993,500 45,085,092 32,244,600
   Staff Cash Bond 0 126,316,350 92,854,700 69,133,300
   Retirement Benefit Obligation 426,202,600 207,253,100 120,178,500 85,318,000
   Staff Benevolent Fund 175,531,950 95,606,050 84,699,070 61,849,150
   Accounts Payable 61,832,449 27,605,907 9,661,133 7,752,685
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 255,875,749 226,000,565 138,219,876 18,916,194
   Borrowed Funds 760,000,000 574,000,000 351,600,000 252,000,000
   Placement Fund 0 200,000,000 0 75,000,000
   Subtotal of Other Liabilities 2,294,136,228 1,980,969,722 1,163,754,471 814,017,489
   Total Liabilities 6,883,737,898 5,162,865,242 3,344,734,561 2,456,648,959
   Grant Funds Previous Years 41,360,000 41,360,000 41,360,000 41,360,000
   Grant Funds Current Year 0 0 0 0
   Other Comprehensive Income -27,566,100 -27,566,100 11,195,000 10,436,000
   Income Over Exp Previous Year 2,201,757,190 886,317,933 563,067,665 456,515,924
   Income Over Exp This Year 49,595,481 29,660,619 -64,991,621 -16,607,917
   Total Equity or Fund Balance 2,265,146,571 929,772,452 550,631,044 491,704,007
TOTAL LIABILITIES and FUND BALANCE 9,148,884,469 6,092,637,694 3,895,365,605 2,948,352,966

Income
COMPARATIVE INCOME STATEMENT

      JAN-2017         JAN-2016         JAN-2015         JAN-2014  
   Service Charges from Loans 345,575,254 266,416,443 170,924,999 58,510,615
   Less: Rebates -10,063,304 -3,510,546 -1,506,060 -997,155
Subtotal 335,511,950 262,905,897 169,418,939 57,513,460
   Interest from Bank A/C 28,857 121,985 145,519 121,836
   Bad Debt Collection 175,310 167,340 69,334 139,585
   Miscellaneous 1,125,419 820,124 1,370,778 884,823
Subtotal 1,329,586 1,109,449 1,585,631 1,146,244
GROSS INCOME 336,841,536 264,015,346 171,004,570 58,659,704
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 2,101,875 3,270,278 965,778 1,308,995
Subtotal 2,101,875 3,270,278 965,778 1,308,995
   Basic Pay 80,787,305 59,344,584 44,277,857 36,570,129
   De minimis 9,578,266 9,028,119 5,090,593 3,030,800
   Employer's Contribution 7,474,015 5,635,395 4,420,079 3,601,470
Subtotal 97,839,586 74,008,098 53,788,529 43,202,399
   Staff Benevolent Funds 687,850 638,750 526,650 449,050
   Office Rental 9,858,038 7,607,633 5,907,471 4,981,734
   Light and Water 2,310,395 1,557,824 1,233,455 164,206
   Fuel and Lubricants 6,054 1,558 7,264 7,759
   Travel and Transportation 21,908,945 17,077,061 15,312,039 2,444,143
   Repair and Maintenance 6,903,316 4,727,117 4,187,045 5,057,663
   Postage and Telephone 2,996,845 1,236,755 853,657 47,310
   Office Supplies and Xerox 2,363,255 2,379,542 1,249,909 1,530,594
   Staff Development and Conferences 3,473,220 2,984,788 2,374,202 1,900,285
   Clients' Training 0 0 0 0
   Representation 91,896 2,500 3,000 402,618
   Bank Charges 60,145 71,749 46,943 49,095
   City/Municipality Taxes and Licenses 18,005,346 11,764,285 7,726,330 5,167,233
   Insurance Fees 42,956 14,159 1,400 73,029
   Professional Fees 39,850 415,316 259,326 371,771
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 225,249 223,980 212,793 273,000
   Miscellaneous 1,594,984 1,095,464 822,170 661,617
Subtotal 70,568,344 51,798,481 40,723,654 23,581,107
Provision for Unspent Expenses 110,000,000 100,000,000 8,343,000 13,338,100
Loan Loss Provision 0 0 132,175,230 -6,162,980
Depreciation 0 0 0 0
Grants and Donations 0 0 0 0
Taxes to BIR 6,736,250 5,277,870 0 0
TOTAL EXPENSES 287,246,055 234,354,727 235,996,191 75,267,621
NET INCOME 49,595,481 29,660,619 -64,991,621 -16,607,917
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