ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 31-Aug-17 31-Aug-16 31-Aug-15 31-Aug-14
1 Number of Branches 1,000 850 700 600
2 # of Microfinance Officers (MFOs) 5,073 4,126 3,324 2,910
3 Number of Total Staff 7,114 5,830 4,621 4,003
4 Number of Provinces Covered 82 82 82 81
5 Number of Clients 1,458,847 1,218,522 1,000,953 804,261
6 Clients' Savings Balance (PHP) 5,878,003,970 3,917,680,590 2,616,118,430 1,877,483,870
7 Number of Active Borrowers 1,458,847 1,218,522 1,000,953 804,261
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 118,822,264,000 80,754,963,000 54,744,641,000 38,305,285,000
   Target of Collections (cumulative) 106,870,349,387 73,210,906,156 50,035,375,063 35,175,821,124
   Actual Collections (cumulative) 106,791,849,137 73,176,665,655 50,019,311,280 35,159,883,602
   Outstanding Portfolio (PHP) 12,030,414,863 7,578,297,345 4,725,329,720 3,145,401,398
9 Recovery Rate 99.17% 99.34% 99.51% 99.29%
10 Portfolio at Risk 0.49% 0.31% 0.23% 0.34%
11 No. of Delinquent A/Cs 12,213 6,076 3,457 4,024
12 % of Delinquent A/Cs 0.84% 0.50% 0.35% 0.50%
13 Amount of Past Due (PHP) 78,500,250 34,240,501 16,063,783 15,937,522
14 Amount of Portfolio at Risk (PHP) 58,867,115 23,593,968 10,712,820 10,701,950

Assets and Property
COMPARATIVE BALANCE SHEET

AUG-2017 AUG-2016 AUG-2015 AUG-2014
   Cash on Hand 25,831,168 22,534,295 10,152,002 7,080,182
   Cash in Bank (All Branches) 652,271,934 301,363,775 163,862,672 249,770,078
   Cash in Bank (Head Office) 405,551,932 238,145,493 473,996,702 324,861,418
Subtotal of Cash & Bank 1,083,655,034 562,043,563 648,011,376 581,711,678
Loans Outstanding (Principal) 12,030,414,863 7,578,297,345 4,725,329,720 3,145,401,398
   Less: Reserved for Loan Loss -601,520,800 -408,209,310 -543,412,910 -361,721,150
Net Loans Outstanding 11,428,894,063 7,170,088,035 4,181,916,810 2,783,680,248
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 207,485,170 157,199,449 115,200,875 82,167,673
   Equipment and Vehicles 31,765,853 25,904,553 11,397,978 7,632,146
   Less: Accumulated Depreciation -132,093,747 -93,039,201 -66,466,494 -49,298,800
Subtotal of Property and Equipment 172,835,860 155,743,385 125,810,943 53,299,158
    Staff Advance from Salary 63,770,400 39,581,160 39,059,100 23,720,100
    Staff Advance from Motorcycle 98,244,550 71,310,350 52,885,700 54,191,000
    Special Advance 5,785,824 3,179,185 643,514 3,254,467
    Cash Advance to Staff 5,157,909 3,176,006 2,225,011 2,150,804
    Office Rental Deposit 25,858,706 20,374,796 14,741,948 11,785,853
    Others 12,848,295 2,762,876 1,097,950 1,397,623
Subtotal of Other Receivables 211,665,684 140,384,373 110,653,223 96,499,847
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 12,897,050,641 8,028,259,356 5,066,392,352 3,515,190,931
   Clients' CBU (Savings) 5,020,854,940 3,278,547,000 2,149,987,020 1,544,902,790
   Clients' LCBU (Savings) 857,149,030 639,133,590 466,131,410 332,581,080
   Subtotal of Clients' CBU 5,878,003,970 3,917,680,590 2,616,118,430 1,877,483,870
   BPSF 685,251,680 493,989,310 354,179,310 268,956,690
   Staff CBU 0 0 50,124,310 36,491,179
   Staff Cash Bond 0 0 105,617,520 78,835,400
   Retirement Benefit Obligation 360,989,566 205,686,400 119,704,200 84,971,900
   Staff Benevolent Fund 175,404,950 121,037,340 87,567,530 65,299,700
   Accounts Payable 75,408,719 74,042,227 24,577,182 9,703,987
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 915,051,722 800,000,000 401,519,286 210,830,416
   Short-Term Financing 370,000,000 1,006,000,000 569,900,000 313,500,000
   Corporate Notes 1,500,000,000 0 0 0
   Subtotal of Other Liabilities 4,082,106,637 2,700,755,277 1,713,189,338 1,068,589,272
   Total Liabilities 9,960,110,607 6,618,435,867 4,329,307,768 2,946,073,142
   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 2,212,476,287 886,317,933 563,067,665 456,515,924
   Income Over Exp This Year 683,299,247 509,711,656 121,461,919 60,805,865
   Total Equity or Fund Balance 2,936,940,034 1,409,823,489 737,084,584 569,117,789
TOTAL LIABILITIES and FUND BALANCE 12,897,050,641 8,028,259,356 5,066,392,352 3,515,190,931

Income
COMPARATIVE INCOME STATEMENT

JAN-AUG 2017 JAN-AUG 2016 JAN-AUG 2015 JAN-AUG 2014
   Service Charges from Loans 3,699,190,736 2,472,113,956 1,544,949,280 1,037,205,331
   Less: Rebates -427,993,139 -60,314,223 -15,443,821 -10,540,965
Subtotal 3,271,197,597 2,411,799,733 1,529,505,459 1,026,664,366
   Interest from Bank A/C 2,699,130 1,576,797 1,672,190 1,236,487
   Bad Debt Collection 623,920 410,412 236,723 427,707
   Miscellaneous 10,857,798 4,265,966 8,187,023 7,966,770
Subtotal 14,180,848 6,253,175 10,095,936 9,630,964
GROSS INCOME 3,285,378,445 2,418,052,908 1,539,601,395 1,036,295,330
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 44,720,695 17,832,718 9,711,891 8,545,882
Subtotal 44,720,695 17,832,718 9,711,891 8,545,882
   Basic Pay 772,448,497 517,823,527 365,469,848 307,323,068
   De minimis 72,085,915 71,268,314 54,705,381 28,484,726
   Employer's Contribution 70,116,792 49,390,934 37,698,207 30,965,017
Subtotal 914,651,204 638,482,775 457,873,436 366,772,811
   Staff Benevolent Funds 6,871,170 5,763,800 4,505,280 3,839,600
   Office Rental 85,168,696 65,012,533 50,067,331 43,785,893
   Light and Water 21,167,087 14,766,371 9,027,491 7,551,145
   Fuel and Lubricants 29,586 31,602 52,578 70,182
   Travel and Transportation 176,259,831 151,359,156 118,250,960 115,971,180
   Repairing and Maintenance 55,174,503 40,586,485 24,735,836 40,705,444
   Postage and Telephone 29,663,648 20,684,900 8,932,618 5,671,374
   Office Supplies and Xerox 45,105,837 29,007,441 16,288,069 15,717,445
   Staff Development and Conferences 36,860,549 35,367,932 24,599,675 23,719,110
   Clients' Training 0 0 0 0
   Representation 139,839 188,454 103,191 494,896
   Bank Charges 893,474 646,964 408,333 313,154
   City/Municipality Taxes and Licenses 23,449,916 18,989,004 13,098,534 8,392,577
   Insurance Fees 3,567,218 423,063 30,889 124,784
   Professional Fees 23,086,869 3,517,047 1,473,931 1,890,947
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 867,821 881,112 495,604 896,102
   Miscellaneous 12,109,299 8,527,729 9,369,023 5,638,534
Subtotal 520,415,343 395,753,593 281,439,343 274,782,367
Provision for Unspent Expenses 880,000,000 800,000,000 396,740,790 208,391,000
Loan Loss Provision 159,501,500 0 267,642,670 114,037,660
Depreciation 0 0 0 0
Grants and Donations 12,136,000 7,942,625 4,731,346 2,959,745
Taxes to BIR 70,654,456 48,329,541 0 0
TOTAL EXPENSES 2,602,079,198 1,908,341,252 1,418,139,476 975,489,465
NET INCOME 683,299,247 509,711,656 121,461,919 60,805,865
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