ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 31-MAR-17 31-MAR-16 31-MAR-15 31-MAR-14
1 Number of Branches 914 761 637 548
2 # of Microfinance Officers (MFOs) 4,405 3,412 2,923 2,534
3 Number of Total Staff 6,225 4,860 4,052 3,502
4 Number of Provinces Covered 82 82 81 81
5 Number of Clients 1,322,642 1,091,197 890,020 725,787
6 Clients' Savings Balance (PHP) 4,892,000,450 3,345,548,310 2,299,972,890 1,719,859,280
7 Number of Active Borrowers 1,322,642 1,091,197 890,020 725,787
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 100,497,513,000 67,813,327,000 47,000,977,000 33,070,138,000
   Target of Collections (cumulative) 91,120,913,462 61,830,341,298 43,119,093,394 30,295,106,654
   Actual Collections (cumulative) 91,094,019,712 61,816,090,863 43,118,041,611 30,288,657,002
   Outstanding Portfolio (PHP) 9,403,493,288 5,997,236,137 3,882,935,389 2,781,480,998
9 Recovery Rate 99.57% 99.67% 99.96% 99.69%
10 Portfolio at Risk 0.29% 0.17% 0.02% 0.16%
11 No. of Past due A/Cs 6,078 2,942 233 1,692
12 % of Past due A/Cs 0.46% 0.27% 0.03% 0.23%
13 Amount of Past Due (PHP) 33,611,450 14,250,435 1,051,783 6,449,652
14 Amount of Portfolio at Risk (PHP) 27,716,020 10,076,380 675,410 4,357,860

Assets and Property
COMPARATIVE BALANCE SHEET

MARCH-2017 MARCH-2016 MARCH-2015 MARCH-2014
   Cash on Hand 25,588,214 14,662,148 951,364 5,428,405
   Cash in Bank (All Branches) 615,558,681 309,209,702 157,578,470 239,387,617
   Cash in Bank CO 743,116,200 252,989,430 270,904,131 282,390,557
Subtotal of Cash on Hand and in Bank 1,384,263,095 576,861,280 429,433,965 527,206,579
Loans Outstanding (Principal) 9,403,493,288 5,997,236,137 3,882,935,389 2,781,480,998
   Less: Reserved for Loan Loss -470,174,700 -408,209,310 -446,537,560 -319,870,320
Net Loans Outstanding 8,933,318,588 5,589,026,827 3,436,397,829 2,461,610,678
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 182,686,056 133,405,325 96,464,189 70,929,929
   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 145,995,446 131,949,261 106,985,052 42,061,414
    Staff Advance from Salary 48,800,620 43,889,560 30,564,900 0
    Staff Advance from Motorcycle 75,989,600 52,457,000 47,383,600 47,207,500
    Special Advance 7,348,857 1,161,949 491,914 14,977,068
    Cash Advance to Staff 1,727,502 2,179,621 1,534,849 1,038,417
    Office Rental Deposit 23,222,797 17,251,896 12,979,410 10,126,535
    Others 2,714,334 1,824,320 4,873,129 1,042,265
Subtotal of Other Receivables 159,803,710 118,764,346 97,827,802 74,391,785
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 10,623,380,839 6,416,601,714 4,070,644,648 3,105,270,456
   Clients' CBU (Savings) 4,136,662,630 2,784,313,500 1,896,169,320 1,427,873,170
   Clients' LCBU (Savings) 755,337,820 561,234,810 403,803,570 291,986,110
   Subtotal of Clients' CBU 4,892,000,450 3,345,548,310 2,299,972,890 1,719,859,280
   BPSF 631,459,020 478,555,082 329,406,160 213,782,950
   Staff CBU 0 63,973,460 45,824,004 34,088,890
   Staff Cash Bond 0 131,665,350 97,462,600 72,436,760
   Retirement Benefit Obligation 375,589,600 206,617,100 120,115,329 85,318,000
   Staff Benevolent Fund 175,491,550 94,342,470 85,384,166 61,963,320
   Accounts Payable 65,918,645 28,436,143 14,417,523 8,534,121
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 373,219,823 327,092,286 118,146,569 62,424,815
   Short-Term Financing 540,000,000 553,000,000 312,450,000 277,000,000
   Corporate Notes 1,000,000,000 200,000,000 0 75,000,000
   Subtotal of Other Liabilities 3,161,678,638 2,083,681,891 1,123,206,351 890,548,856
   Total Liabilities 8,053,679,088 5,429,230,201 3,423,179,241 2,610,408,136
   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 -195,500 -27,566,100 11,195,000 10,436,000
   Income Over Exp Previous Year 2,212,476,215 886,317,933 563,067,665 456,515,924
   Income Over Exp This Year 316,061,036 87,259,680 31,842,742 -13,449,604
   Total Equity or Fund Balance 2,569,701,751 987,371,513 647,465,407 494,862,320
TOTAL LIABILITIES and FUND BALANCE 10,623,380,839 6,416,601,714 4,070,644,648 3,105,270,456

Income
COMPARATIVE INCOME STATEMENT

JAN-MAR 2017 JAN-MAR 2016 JAN-MAR 2015 JAN-MAR 2014
   Service Charges from Loans 1,263,368,536 789,562,913 525,419,849 341,024,481
   Less: Rebates -44,439,321 -12,997,629 -5,219,535 -3,662,084
Subtotal 1,218,929,215 776,565,284 520,200,314 337,362,397
   Interest from Bank A/C 1,170,821 501,940 450,610 411,778
   Bad Debt Collection 423,790 338,280 156,299 326,436
   Miscellaneous 3,598,536 2,556,626 4,293,378 2,677,251
Subtotal 5,193,147 3,396,846 4,900,287 3,415,465
GROSS INCOME 1,224,122,362 779,962,130 525,100,601 340,777,862
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 13,260,763 7,389,149 3,348,904 3,339,582
Subtotal 13,260,763 7,389,149 3,348,904 3,339,582
   Basic Pay 244,410,279 180,105,102 134,720,146 108,777,784
   De minimis 29,917,605 27,324,529 15,609,076 9,727,961
   Employer's Contribution 22,859,872 17,016,070 13,346,243 10,916,895
Subtotal 297,187,756 224,445,701 163,675,465 129,422,640
   Staff Benevolent Funds 2,315,470 1,970,050 1,602,000 1,365,450
   Office Rental 29,607,976 22,656,894 17,626,022 15,346,663
   Light and Water 6,994,862 4,298,340 2,334,703 1,874,086
   Fuel and Lubricants 8,259 14,346 27,812 21,031
   Travel and Transportation 66,965,814 53,297,246 32,522,057 33,354,846
   Repairing and Maintenance 20,926,944 16,248,195 5,542,460 15,121,374
   Postage and Telephone 9,867,735 5,159,899 2,806,627 1,494,516
   Office Supplies and Xerox 18,735,372 12,823,911 4,455,554 4,540,726
   Staff Development and Conferences 11,631,249 10,433,069 7,468,356 8,278,246
   Clients' Training 0 0 0 0
   Representation 105,093 68,177 48,490 454,670
   Bank Charges 201,594 198,269 128,360 116,839
   City/Municipality Taxes and Licenses 19,284,331 13,431,193 10,158,598 6,446,688
   Insurance Fees 3,356,442 198,233 14,309 105,844
   Professional Fees 15,298,761 1,223,898 411,705 921,305
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 342,657 291,388 230,401 291,858
   Miscellaneous 4,354,809 2,964,884 2,296,926 1,867,617
Subtotal 209,997,368 145,278,392 87,674,380 91,601,759
Provision for Unspent Expenses 330,000,000 300,000,000 67,791,790 57,396,910
Loan Loss Provision 28,155,400 0 170,767,320 72,186,830
Depreciation 0 0 0 279,745
Grants and Donations 29,460,039 15,589,208 0 0
Taxes to BIR 19,851,164 10,486,888 0 0
TOTAL EXPENSES 908,061,326 692,702,450 493,257,859 354,227,466
NET INCOME 316,061,036 87,259,680 31,842,742 -13,449,604
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