ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 30-APR-17 30-APR-16 30-APR-15 30-APR-14
1 Number of Branches 925 800 648 565
2 # of Microfinance Officers (MFOs) 4,423 3,448 2,952 2,539
3 Number of Total Staff 6,287 4,950 4,114 3,542
4 Number of Provinces Covered 82 82 81 81
5 Number of Clients 1,334,676 1,096,960 894,994 727,071
6 Clients' Savings Balance (PHP) 4,988,828,610 3,451,409,310 2,358,788,480 1,749,659,940
7 Number of Active Borrowers 1,334,676 1,096,960 894,994 727,071
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 103,082,370,000 69,986,741,000 48,186,776,000 33,868,294,000
   Target of Collections (cumulative) 93,362,484,552 63,916,523,923 44,286,643,575 31,063,800,564
   Actual Collections (cumulative) 93,322,039,277 63,902,585,096 44,279,867,531 31,057,012,303
   Outstanding Portfolio (PHP) 9,760,330,723 6,084,155,904 3,906,908,469 2,811,281,697
9 Recovery Rate 99.49% 99.69% 99.76% 99.66%
10 Portfolio at Risk 0.33% 0.16% 0.12% 0.16%
11 No. of Delinquent A/Cs 7,460 2,856 1,495 1,812
12 % of Delinquent A/Cs 0.56% 0.26% 0.17% 0.25%
13 Amount of Past Due (PHP) 40,445,275 13,938,827 6,776,044 6,788,261
14 Amount of Portfolio at Risk (PHP) 32,351,980 9,756,920 4,528,010 4,594,550

Assets and Property
COMPARATIVE BALANCE SHEET

APRIL-2017 APRIL-2016 APRIL-2015 APRIL-2014
   Cash on Hand 17,227,959 15,293,635 7,307,896 4,997,651
   Cash in Bank (All Branches) 467,684,252 400,732,058 278,818,433 237,927,171
   Cash in Bank (Head Office) 515,243,497 346,815,908 329,516,009 300,568,384
Subtotal of Cash on Hand and in Bank 1,000,155,708 762,841,601 615,642,338 543,493,206
Loans Outstanding (Principal) 9,760,330,723 6,084,155,904 3,906,908,469 2,811,281,697
   Less: Reserved for Loan Loss -488,016,600 -408,209,310 -449,294,470 -323,297,410
Net Loans Outstanding 9,272,314,123 5,675,946,594 3,457,613,999 2,487,984,287
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 186,049,227 139,995,704 99,288,808 72,918,047
   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 149,358,617 138,539,640 109,809,671 44,049,532
    Staff Advance from Salary 60,494,480 48,522,520 31,957,400 0
    Staff Advance from Motorcycle 76,537,100 51,546,500 46,151,300 46,904,800
    Special Advance 6,681,821 1,100,949 611,114 19,371,568
    Cash Advance to Staff 2,066,158 2,722,986 1,268,502 1,206,558
    Office Rental Deposit 23,212,547 18,248,396 13,323,410 10,453,375
    Others 7,949,043 2,173,645 4,987,853 996,027
Subtotal of Other Receivables 176,941,149 124,314,996 98,299,579 78,932,328
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 10,598,769,597 6,701,642,831 4,281,365,587 3,154,459,353
   Clients' CBU (Savings) 4,220,320,550 2,875,861,370 1,945,304,440 1,452,271,520
   Clients' LCBU (Savings) 768,508,060 575,547,940 413,484,040 297,388,420
   Subtotal of Clients' CBU 4,988,828,610 3,451,409,310 2,358,788,480 1,749,659,940
   BPSF 638,992,920 489,638,510 337,191,100 216,472,985
   Staff CBU 0 62,965,130 48,218,267 34,639,920
   Staff Cash Bond 0 133,949,430 99,131,300 73,832,660
   Retirement Benefit Obligation 374,817,800 206,512,700 119,941,900 85,318,000
   Staff Benevolent Fund 175,846,490 94,494,770 85,899,600 62,282,420
   Accounts Payable 62,469,384 29,497,294 17,076,536 8,514,338
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 478,567,600 426,872,844 174,112,643 79,126,508
   Short-Term Financing 290,000,000 546,000,000 307,450,000 261,500,000
   Corporate Notes 1,000,000,000 200,000,000 75,000,000 75,000,000
   Subtotal of Other Liabilities 3,020,694,194 2,189,930,678 1,264,021,346 896,686,831
   Total Liabilities 8,009,522,804 5,641,339,988 3,622,809,826 2,646,346,771
   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 335,606,078 160,191,010 42,933,096 -199,342
   Total Equity or Fund Balance 2,589,246,793 1,060,302,843 658,555,761 508,112,582
TOTAL LIABILITIES and FUND BALANCE 10,598,769,597 6,701,642,831 4,281,365,587 3,154,459,353

Income
COMPARATIVE INCOME STATEMENT

JAN-APR 2017 JAN-APR 2016 JAN-APR 2015 JAN-APR 2014
   Service Charges from Loans 1,598,506,621 1,098,394,055 696,453,729 453,912,780
   Less: Rebates -60,428,737 -19,107,082 -6,818,725 -4,709,484
Subtotal 1,538,077,884 1,079,286,973 689,635,004 449,203,296
   Interest from Bank A/C 1,459,087 762,773 694,511 589,496
   Bad Debt Collection 437,240 364,072 170,794 358,676
   Miscellaneous 4,815,681 3,433,667 5,061,033 3,579,700
Subtotal 6,712,008 4,560,512 5,926,338 4,527,872
GROSS INCOME 1,544,789,892 1,083,847,485 695,561,342 453,731,168
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 19,398,263 9,240,464 4,115,571 4,497,607
Subtotal 19,398,263 9,240,464 4,115,571 4,497,607
   Basic Pay 327,239,123 240,955,937 180,979,522 146,378,351
   De minimis 40,170,217 36,570,440 22,714,418 13,036,387
   Employer's Contribution 30,746,656 22,777,615 17,900,417 14,677,538
Subtotal 398,155,996 300,303,992 221,594,357 174,092,276
   Staff Benevolent Funds 3,185,870 2,643,150 2,154,150 1,833,000
   Office Rental 39,766,846 30,597,437 23,750,487 20,659,944
   Light and Water 9,385,765 5,745,179 3,669,619 2,854,813
   Fuel and Lubricants 18,468 18,631 33,443 29,138
   Travel and Transportation 89,933,512 72,050,008 48,664,272 48,841,619
   Repairing and Maintenance 27,415,738 21,375,701 9,835,734 20,405,488
   Postage and Telephone 15,692,424 7,307,788 4,000,301 2,152,615
   Office Supplies and Xerox 22,838,673 16,835,902 6,147,309 6,002,315
   Staff Development and Conferences 14,749,057 14,915,926 11,082,917 10,499,600
   Clients' Training 0 0 0 0
   Representation 105,779 70,712 60,409 471,135
   Bank Charges 266,320 265,557 164,551 156,112
   City/Municipality Taxes and Licenses 19,455,470 13,979,461 10,706,511 6,899,060
   Insurance Fees 3,519,862 225,796 26,199 107,369
   Professional Fees 17,254,291 1,755,211 603,287 1,274,199
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 546,755 520,852 244,188 590,512
   Miscellaneous 5,519,796 4,133,010 3,325,529 2,533,713
Subtotal 269,654,626 192,440,321 124,468,906 125,310,632
Provision for Unspent Expenses 440,000,000 400,000,000 124,335,290 74,136,330
Loan Loss Provision 45,997,300 0 173,524,230 75,613,920
Depreciation 0 0 0 0
Grants and Donations 110,000 10,000 4,589,892 279,745
Taxes to BIR 35,867,629 21,661,698 0 0
TOTAL EXPENSES 1,209,183,814 923,656,475 652,628,246 453,930,510
NET INCOME 335,606,078 160,191,010 42,933,096 -199,342
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