ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 28-FEB-17 28-FEB-16 28-FEB-15 28-FEB-14
1 Number of Branches 879 732 629 523
2 # of Microfinance Officers (MFOs) 4,299 3,439 2,915 2,503
3 Number of Total Staff 6,098 4,856 4,014 3,440
4 Number of Provinces Covered 82 82 81 80
5 Number of Clients 1,297,777 1,086,457 870,958 714,699
6 Clients' Savings Balance (PHP) 4,707,821,080 3,259,172,620 2,241,406,120 1,682,299,410
7 Number of Active Borrowers 1,297,777 1,086,457 870,958 714,699
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 96,931,632,000 65,847,408,000 45,504,494,000 32,033,723,000
   Target of Collections (cumulative) 87,855,051,666 60,075,936,759 41,861,265,580 29,306,654,044
   Actual Collections (cumulative) 87,828,157,916 60,063,826,607 41,860,190,145 29,301,227,435
   Outstanding Portfolio (PHP) 9,103,474,084 5,783,581,393 3,644,303,855 2,732,495,564
9 Recovery Rate 99.63% 99.71% 99.96% 99.84%
10 Portfolio at Risk 0.25% 0.15% 0.02% 0.14%
11 No. of Past due A/Cs 6,014 2,539 237 1,408
12 % of Past due A/Cs 0.46% 0.23% 0.03% 0.20%
13 Amount of Past Due (PHP) 26,893,750 12,110,152 1,075,435 5,426,608
14 Amount of Portfolio at Risk (PHP) 22,745,950 8,679,635 682,250 3,706,190

Assets and Property
COMPARATIVE BALANCE SHEET

FEBRUARY-2017 FEBRUARY-2016 FEBRUARY-2015 FEBRUARY-2014
   Cash on Hand 23,441,967 11,994,083 7,443,915 4,972,175
   Cash in Bank (All Branches) 522,043,778 301,994,045 252,857,234 206,942,863
   Cash in Bank CO 986,692,191 294,327,457 304,161,342 235,001,607
Subtotal of Cash on Hand and in Bank 1,532,177,936 608,315,585 564,462,491 446,916,645
Loans Outstanding (Principal) 9,103,474,084 5,783,581,393 3,644,303,855 2,732,495,564
   Less: Reserved for Loan Loss -455,173,800 -408,209,310 -419,094,940 -248,137,080
Net Loans Outstanding 8,648,300,284 5,375,372,083 3,225,208,915 2,484,358,484
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 174,823,881 129,606,313 90,996,025 67,800,849
   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 138,133,271 128,150,249 101,516,888 38,932,334
    Staff Advance from Salary 29,024,300 34,803,100 23,420,100 0
    Staff Advance from Motorcycle 75,113,400 53,338,700 48,732,100 46,770,000
    Special Advance 7,121,194 2,426,579 452,911 11,877,264
    Cash Advance to Staff 1,758,309 1,657,443 1,059,432 972,079
    Office Rental Deposit 22,267,186 16,535,360 12,516,229 9,597,610
    Others 2,529,461 1,734,623 4,799,680 780,503
Subtotal of Other Receivables 149,249,250 110,920,205 90,275,752 69,997,456
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 10,467,860,741 6,222,758,122 3,981,464,046 3,040,204,919
   Clients' CBU (Savings) 3,975,011,130 2,710,578,680 1,849,669,210 1,398,855,660
   Clients' LCBU (Savings) 732,809,950 548,593,940 391,736,910 283,443,750
   Subtotal of Clients' CBU 4,707,821,080 3,259,172,620 2,241,406,120 1,682,299,410
   BPSF 618,372,910 469,795,080 320,741,650 211,532,950
   Staff CBU 0 63,749,301 46,120,878 33,253,800
   Staff Cash Bond 0 129,176,600 95,253,200 70,950,000
   Retirement Benefit Obligation 426,181,600 207,253,100 120,151,900 85,318,000
   Staff Benevolent Fund 175,435,380 95,918,570 84,966,986 61,876,610
   Accounts Payable 65,097,538 28,170,387 12,121,376 8,090,619
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 364,187,065 241,146,116 111,097,691 49,500,627
   Borrowed Funds 750,000,000 569,000,000 351,600,000 249,500,000
   Placement Fund 1,000,000,000 200,000,000 0 75,000,000
   Subtotal of Other Liabilities 3,399,274,493 2,004,209,154 1,142,053,681 845,022,606
   Total Liabilities 8,107,095,573 5,263,381,774 3,383,459,801 2,527,322,016
   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 145,214,078 59,264,515 -17,618,420 4,570,979
   Total Equity or Fund Balance 2,360,765,168 959,376,348 598,004,245 512,882,903
TOTAL LIABILITIES and FUND BALANCE 10,467,860,741 6,222,758,122 3,981,464,046 3,040,204,919

Income
COMPARATIVE INCOME STATEMENT

JAN-FEB 2017 JAN-FEB 2016 JAN-FEB 2015 JAN-FEB 2014
   Service Charges from Loans 765,258,132 530,633,269 339,194,115 194,726,047
   Less: Rebates -25,322,691 -8,301,075 -3,159,790 -2,220,275
Subtotal 739,935,441 522,332,194 336,034,325 192,505,772
   Interest from Bank A/C 128,709 285,500 281,277 237,524
   Bad Debt Collection 313,930 286,730 122,799 246,125
   Miscellaneous 2,308,564 1,725,503 2,859,949 1,778,164
Subtotal 2,751,203 2,297,733 3,264,025 2,261,813
GROSS INCOME 742,686,644 524,629,927 339,298,350 194,767,585
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 7,051,736 5,180,556 2,460,570 2,337,819
Subtotal 7,051,736 5,180,556 2,460,570 2,337,819
   Basic Pay 162,381,693 119,274,948 89,160,341 72,155,705
   De minimis 19,676,481 18,097,307 10,308,539 6,425,759
   Employer's Contribution 15,075,332 11,283,208 8,866,410 7,231,122
Subtotal 197,133,506 148,655,463 108,335,290 85,812,586
   Staff Benevolent Funds 1,401,050 1,307,050 1,058,950 900,000
   Office Rental 19,712,533 14,888,697 11,489,058 10,228,563
   Light and Water 4,516,718 2,892,580 2,163,918 960,440
   Fuel and Lubricants 8,259 4,606 15,854 12,922
   Travel and Transportation 44,465,317 35,220,427 31,069,869 18,237,430
   Repairing and Maintenance 12,096,283 11,353,058 9,943,184 10,374,615
   Postage and Telephone 6,064,405 3,286,811 1,851,799 646,771
   Office Supplies and Xerox 9,407,303 10,093,862 2,808,511 2,903,874
   Staff Development and Conferences 7,250,310 6,309,434 4,715,151 4,467,786
   Clients' Training 0 0 0 0
   Representation 95,996 60,961 34,486 439,837
   Bank Charges 108,664 134,536 82,422 83,756
   City/Municipality Taxes and Licenses 18,575,805 12,519,870 9,527,153 5,816,995
   Insurance Fees 125,882 60,336 1,800 90,094
   Professional Fees 13,303,829 638,943 275,186 546,891
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 234,203 232,434 221,697 283,304
   Miscellaneous 2,915,103 2,038,900 1,595,382 1,171,233
Subtotal 140,281,660 101,042,505 76,854,420 57,164,511
Provision for Unspent Expenses 220,000,000 200,000,000 25,941,790 44,428,100
Loan Loss Provision 13,154,500 0 143,324,700 453,590
Depreciation 0 0 0 0
Grants and Donations 0 0 0 0
Taxes to BIR 19,851,164 10,486,888 0 0
TOTAL EXPENSES 597,472,566 465,365,412 356,916,770 190,196,606
NET INCOME 145,214,078 59,264,515 -17,618,420 4,570,979
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