ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 30-Jun-17 30-Jun-16 30-Jun-15 30-Jun-14
1 Number of Branches 975 831 680 586
2 # of Microfinance Officers (MFOs) 4,730 3,853 3,134 2,798
3 Number of Total Staff 6,671 5,445 4,385 3,857
4 Number of Provinces Covered 82 82 82 81
5 Number of Clients 1,391,072 1,143,653 936,149 759,850
6 Clients' Savings Balance (PHP) 5,524,478,270 3,708,748,390 2,489,481,020 1,824,601,530
7 Number of Active Borrowers 1,391,072 1,143,653 916,149 759,850
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 111,172,570,000 75,119,887,000 51,251,331,000 36,053,158,000
   Target of Collections (cumulative) 99,856,317,089 68,400,069,702 47,051,324,840 33,080,972,655
   Actual Collections (cumulative) 99,799,593,564 68,373,859,267 47,039,162,536 33,069,109,742
   Outstanding Portfolio (PHP) 11,372,976,436 6,746,027,733 4,212,168,464 2,984,048,258
9 Recovery Rate 99.33% 99.46% 99.59% 99.43%
10 Portfolio at Risk 0.38% 0.27% 0.19% 0.27%
11 No. of Delinquent A/Cs 9,366 5,019 2,636 3,045
12 % of Delinquent A/Cs 0.67% 0.44% 0.28% 0.40%
13 Amount of Past Due (PHP) 56,723,525 26,210,435 12,162,304 11,862,913
14 Amount of Portfolio at Risk (PHP) 42,956,125 18,085,960 8,103,630 7,969,500

Assets and Property
COMPARATIVE BALANCE SHEET

JUN-2017 JUN-2016 JUN-2015 JUN-2014
   Cash on Hand 25,272,618 19,186,196 11,001,585 6,311,803
   Cash in Bank (All Branches) 334,040,053 265,671,281 272,396,102 239,819,205
   Cash in Bank (Head Office) 543,929,399 266,137,845 535,083,796 330,101,406
Subtotal of Cash & Bank 903,242,070 550,995,322 818,481,483 576,232,414
Loans Outstanding (Principal) 11,372,976,436 6,746,027,733 4,212,168,464 2,984,048,258
   Less: Reserved for Loan Loss -568,648,900 -408,209,310 -484,399,370 -343,165,560
Net Loans Outstanding 10,804,327,536 6,337,818,423 3,727,769,094 2,640,882,703
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 195,909,902 149,263,669 107,327,182 78,270,065
   Equipment and Vehicles 29,826,553 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 159,321,292 147,807,605 117,848,045 49,401,550
    Staff Advance from Salary 62,409,300 52,780,940 35,598,900 11,086,400
    Staff Advance from Motorcycle 81,560,000 53,176,700 48,532,400 48,948,300
    Special Advance 5,899,808 1,271,753 473,868 10,615,644
    Cash Advance to Staff 3,140,602 3,187,854 1,929,568 1,357,022
    Office Rental Deposit 24,744,503 19,588,896 14,829,614 11,370,623
    Others 12,546,008 2,415,705 5,196,942 1,426,166
Subtotal of Other Receivables 190,300,221 132,421,848 106,561,292 84,804,155
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 12,057,191,119 7,169,043,198 4,770,659,914 3,351,320,822
   Clients' CBU (Savings) 4,713,337,130 3,100,935,240 2,049,738,120 1,509,374,700
   Clients' LCBU (Savings) 811,141,140 607,813,150 439,742,900 315,226,830
   Subtotal of Clients' CBU 5,524,478,270 3,708,748,390 2,489,481,020 1,824,601,530
   BPSF 667,048,400 485,068,854 348,380,170 234,781,900
   Staff CBU 0 201,035,760 48,593,000 35,151,070
   Staff Cash Bond 0 0 101,540,200 76,127,700
   Retirement Benefit Obligation 370,719,760 206,366,800 119,941,900 85,202,300
   Staff Benevolent Fund 175,430,100 93,608,370 86,935,900 64,747,220
   Accounts Payable 70,236,119 54,099,164 18,042,148 9,308,246
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 695,584,996 626,744,588 297,963,986 144,795,829
   Short-Term Financing 390,000,000 373,000,000 463,300,000 256,500,000
   Corporate Notes 1,500,000,000 200,000,000 100,000,000 75,000,000
   Subtotal of Other Liabilities 3,869,019,375 2,239,923,536 1,584,697,304 981,614,265
   Total Liabilities 9,393,497,645 5,948,671,926 4,074,178,324 2,806,215,795
   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 410,052,687 320,259,439 80,858,925 36,793,103
   Total Equity or Fund Balance 2,663,693,474 1,220,371,272 696,481,590 545,105,027
TOTAL LIABILITIES and FUND BALANCE 12,057,191,119 7,169,043,198 4,770,659,914 3,351,320,822

Income
COMPARATIVE INCOME STATEMENT

JAN-JUN 2017 JAN-JUN 2016 JAN-JUN 2015 JAN-JUN 2014
   Service Charges from Loans 2,605,576,234 1,760,773,209 1,104,601,974 751,326,391
   Less: Rebates -262,561,469 -37,706,275 -11,045,638 -7,646,705
Subtotal 2,343,014,765 1,723,066,934 1,093,556,336 743,679,686
   Interest from Bank A/C 2,213,178 1,292,075 1,078,628 907,614
   Bad Debt Collection 533,710 397,372 218,174 396,556
   Miscellaneous 7,716,218 5,109,385 6,554,780 5,659,868
Subtotal 10,463,106 6,798,832 7,851,582 6,964,038
GROSS INCOME 2,353,477,871 1,729,865,766 1,101,407,918 750,643,724
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 30,386,388 14,456,871 6,982,030 6,570,008
Subtotal 30,386,388 14,456,871 6,982,030 6,570,008
   Basic Pay 562,260,332 372,833,770 284,459,495 225,319,496
   De minimis 55,986,714 54,247,457 38,832,914 20,678,465
   Employer's Contribution 49,867,589 35,363,604 27,420,437 22,580,214
Subtotal 668,114,635 462,444,831 350,712,846 268,578,175
   Staff Benevolent Funds 4,961,920 4,057,850 3,291,080 2,806,600
   Office Rental 62,223,614 47,433,935 36,671,653 32,099,568
   Light and Water 15,225,549 9,669,823 6,275,874 5,138,781
   Fuel and Lubricants 25,425 21,991 45,491 64,242
   Travel and Transportation 133,537,406 110,875,764 82,028,371 81,580,171
   Repairing and Maintenance 40,720,421 30,977,567 16,825,927 31,672,724
   Postage and Telephone 21,482,033 12,816,662 6,535,724 4,149,030
   Office Supplies and Xerox 33,790,835 23,361,354 12,249,083 9,936,463
   Staff Development and Conferences 25,366,353 24,184,145 16,858,369 15,823,945
   Clients' Training 0 0 0 0
   Representation 127,704 164,851 83,646 479,136
   Bank Charges 660,064 449,606 268,539 247,795
   City/Municipality Taxes and Licenses 22,954,793 16,414,824 12,399,682 7,813,810
   Insurance Fees 3,567,118 420,928 29,339 123,944
   Professional Fees 19,758,695 2,648,003 1,273,955 1,674,961
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 634,432 546,059 262,796 621,320
   Miscellaneous 9,121,930 6,247,160 4,999,858 4,018,138
Subtotal 394,158,292 290,290,522 200,099,387 198,250,628
Provision for Unspent Expenses 660,000,000 660,000,000 248,230,790 142,040,000
Loan Loss Provision 126,629,600 0 208,629,130 95,482,070
Depreciation 0 0 0 0
Grants and Donations 12,110,000 7,842,625 5,894,810 2,929,745
Taxes to BIR 52,026,269 34,571,478 0 0
TOTAL EXPENSES 1,943,425,184 1,409,606,327 1,020,548,993 713,850,621
NET INCOME 410,052,687 320,259,439 80,858,925 36,793,103
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