ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 31-May-17 31-May-16 31-May-15 31-May-14
1 Number of Branches 947 814 657 578
2 # of Microfinance Officers (MFOs) 4,596 3,610 3,013 2,666
3 Number of Total Staff 6,509 5,167 4,204 3,697
4 Number of Provinces Covered 82 82 82 81
5 Number of Clients 1,363,521 1,108,412 916,344 746,513
6 Clients' Savings Balance (PHP) 5,284,939,645 3,614,792,680 2,437,886,100 1,802,012,410
7 Number of Active Borrowers 1,363,521 1,108,412 916,344 746,513
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 107,133,595,000 72,360,084,000 49,704,871,000 34,994,744,000
   Target of Collections (cumulative) 96,695,750,747 66,056,314,970 45,611,122,839 32,082,114,481
   Actual Collections (cumulative) 96,645,448,522 66,033,796,709 45,602,103,622 32,072,506,873
   Outstanding Portfolio (PHP) 10,488,146,478 6,326,287,291 4,102,767,378 2,922,237,127
9 Recovery Rate 99.37% 99.51% 99.68% 99.53%
10 Portfolio at Risk 0.36% 0.25% 0.15% 0.22%
11 No. of Delinquent A/Cs 8,696 4,356 1,975 2,492
12 % of Delinquent A/Cs 0.64% 0.39% 0.22% 0.33%
13 Amount of Past Due (PHP) 50,302,225 22,518,261 9,019,217 9,607,609
14 Amount of Portfolio at Risk (PHP) 38,233,370 15,933,650 6,130,160 6,473,430

Assets and Property
COMPARATIVE BALANCE SHEET

MAY-2017 MAY-2016 MAY-2015 MAY-2014
   Cash on Hand 24,914,625 16,640,390 7,968,291 5,544,108
   Cash in Bank (All Branches) 288,451,944 362,045,568 221,679,794 228,622,218
   Cash in Bank (Head Office) 441,684,602 474,845,288 361,660,306 326,880,968
Subtotal of Cash & Bank 755,051,171 853,531,246 591,308,391 561,047,294
Loans Outstanding (Principal) 10,488,146,478 6,326,287,291 4,102,767,378 2,922,237,127
   Less: Reserved for Loan Loss -524,407,400 -408,209,310 -471,818,250 -336,057,270
Net Loans Outstanding 9,963,739,078 5,918,077,981 3,630,949,128 2,586,179,857
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 190,954,745 144,972,289 102,698,371 75,694,891
   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 154,366,135 143,516,225 113,219,234 46,826,376
    Staff Advance from Salary 62,642,640 52,147,080 34,214,600 4,851,000
    Staff Advance from Motorcycle 79,190,600 52,392,900 46,464,700 48,069,800
    Special Advance 6,112,022 1,350,296 449,677 14,960,780
    Cash Advance to Staff 3,681,969 2,941,330 1,697,159 1,225,256
    Office Rental Deposit 24,215,933 18,877,596 13,936,410 10,951,548
    Others 8,454,220 2,195,528 5,015,356 1,104,247
Subtotal of Other Receivables 184,297,384 129,904,730 101,777,902 81,162,631
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 11,057,453,768 7,045,030,182 4,437,254,655 3,275,216,158
   Clients' CBU (Savings) 4,495,599,395 3,023,199,070 2,011,363,320 1,494,775,860
   Clients' LCBU (Savings) 789,340,250 591,593,610 426,522,780 307,236,550
   Subtotal of Clients' CBU 5,284,939,645 3,614,792,680 2,437,886,100 1,802,012,410
   BPSF 654,720,810 478,424,120 347,011,530 229,235,935
   Staff CBU 0 62,899,791 48,591,690 34,733,139
   Staff Cash Bond 0 135,723,130 100,226,300 74,964,600
   Retirement Benefit Obligation 371,858,230 206,471,200 119,941,900 85,272,300
   Staff Benevolent Fund 175,065,060 93,953,320 86,402,350 64,416,700
   Accounts Payable 71,471,187 52,320,021 19,043,230 8,809,430
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 586,405,002 526,802,953 224,210,791 115,540,000
   Short-Term Financing 270,000,000 539,000,000 302,450,000 259,000,000
   Corporate Notes 1,000,000,000 200,000,000 75,000,000 75,000,000
   Subtotal of Other Liabilities 3,129,520,289 2,295,594,535 1,322,877,791 946,972,104
   Total Liabilities 8,414,459,934 5,910,387,215 3,760,763,891 2,748,984,514
   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 389,353,047 234,531,134 60,868,099 17,919,720
   Total Equity or Fund Balance 2,642,993,834 1,134,642,967 676,490,764 526,231,644
TOTAL LIABILITIES and FUND BALANCE 11,057,453,768 7,045,030,182 4,437,254,655 3,275,216,158

Income
COMPARATIVE INCOME STATEMENT

JAN-MAY 2017 JAN-MAY 2016 JAN-MAY 2015 JAN-MAY 2014
   Service Charges from Loans 2,105,719,801 1,413,856,817 891,987,138 603,899,960
   Less: Rebates -180,658,837 -27,628,257 -8,830,560 -6,120,996
Subtotal 1,925,060,964 1,386,228,560 883,156,578 597,778,964
   Interest from Bank A/C 2,082,754 981,195 874,194 724,525
   Bad Debt Collection 481,620 379,332 198,644 383,696
   Miscellaneous 6,262,680 4,232,298 5,818,260 4,605,991
Subtotal 8,827,054 5,592,825 6,891,098 5,714,212
GROSS INCOME 1,933,888,018 1,391,821,385 890,047,676 603,493,176
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 25,192,638 11,880,233 5,990,363 5,526,533
Subtotal 25,192,638 11,880,233 5,990,363 5,526,533
   Basic Pay 425,091,667 303,617,007 235,258,674 184,090,192
   De minimis 47,968,506 45,963,145 31,118,522 16,677,001
   Employer's Contribution 40,163,518 28,683,618 22,572,920 18,535,416
Subtotal 513,223,691 378,263,770 288,950,116 219,302,609
   Staff Benevolent Funds 4,063,620 3,340,900 2,711,730 2,313,650
   Office Rental 51,121,594 38,983,587 30,012,727 26,475,430
   Light and Water 12,302,923 7,456,272 4,878,564 3,890,178
   Fuel and Lubricants 23,394 20,084 35,568 37,422
   Travel and Transportation 112,569,991 91,052,173 64,695,166 64,911,339
   Repairing and Maintenance 33,859,921 25,954,315 13,221,657 24,492,271
   Postage and Telephone 17,873,614 10,183,110 4,419,824 2,678,918
   Office Supplies and Xerox 28,756,103 19,822,234 8,169,130 8,021,086
   Staff Development and Conferences 19,819,669 18,939,918 13,945,005 13,147,212
   Clients' Training 0 0 0 0
   Representation 127,704 85,447 75,675 472,657
   Bank Charges 440,629 367,797 212,265 204,977
   City/Municipality Taxes and Licenses 19,675,241 15,136,738 11,251,422 7,448,632
   Insurance Fees 3,519,862 418,827 26,499 109,969
   Professional Fees 18,603,524 1,799,942 1,005,628 1,554,493
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 555,209 533,706 253,042 599,066
   Miscellaneous 6,670,465 5,219,390 4,195,321 3,193,489
Subtotal 329,983,463 239,314,440 159,109,223 159,550,789
Provision for Unspent Expenses 550,000,000 500,000,000 174,450,790 112,540,000
Loan Loss Provision 82,388,100 0 196,048,010 88,373,780
Depreciation 0 0 0 0
Grants and Donations 110,000 15,000 4,631,075 279,745
Taxes to BIR 43,637,079 27,816,808 0 0
TOTAL EXPENSES 1,544,534,971 1,157,290,251 829,179,577 585,573,456
NET INCOME 389,353,047 234,531,134 60,868,099 17,919,720
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