ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 31-Jul-17 31-Jul-16 31-Jul-15 31-Jul-14
1 Number of Branches 1,000 850 700 600
2 # of Microfinance Officers (MFOs) 4,965 4,042 3,247 2,864
3 Number of Total Staff 6,974 5,678 4,515 3,935
4 Number of Provinces Covered 82 82 82 81
5 Number of Clients 1,423,683 1,177,782 966,508 780,547
6 Clients' Savings Balance (PHP) 5,710,229,235 3,807,593,120 2,548,964,710 1,838,554,720
7 Number of Active Borrowers 1,423,683 1,177,782 966,508 780,547
8 Principal Portfolio (PHP) : : : :
   Disbursed (cumulative) 114,948,850,000 77,770,401,000 53,019,832,000 37,244,513,000
   Target of Collections (cumulative) 103,299,906,922 70,646,911,960 48,615,962,414 34,193,005,380
   Actual Collections (cumulative) 103,232,795,097 70,617,921,290 48,601,897,631 34,179,226,902
   Outstanding Portfolio (PHP) 11,716,054,903 7,152,479,710 4,417,934,369 3,065,286,098
9 Recovery Rate 99.25% 99.42% 99.55% 99.36%
10 Portfolio at Risk 0.43% 0.28% 0.21% 0.30%
11 No. of Delinquent A/Cs 10,813 5,408 3,031 3,518
12 % of Delinquent A/Cs 0.76% 0.46% 0.31% 0.45%
13 Amount of Past Due (PHP) 67,111,825 28,990,670 14,064,783 13,778,478
14 Amount of Portfolio at Risk (PHP) 50,506,745 19,954,160 9,415,970 9,319,660

Assets and Property
COMPARATIVE BALANCE SHEET

JUL-2017 JUL-2016 JUL-2015 JUL-2014
   Cash on Hand 26,275,365 17,094,216 11,162,066 7,159,307
   Cash in Bank (All Branches) 529,289,733 197,364,448 224,521,385 216,573,875
   Cash in Bank (Head Office) 427,644,017 392,436,428 567,045,378 342,186,527
Subtotal of Cash & Bank 983,209,115 606,895,092 802,728,829 565,919,709
Loans Outstanding (Principal) 11,716,054,903 7,152,479,710 4,417,934,369 3,065,286,098
   Less: Reserved for Loan Loss -585,802,800 -408,209,310 -508,062,450 -352,507,900
Net Loans Outstanding 11,130,252,103 6,744,270,400 3,909,871,919 2,712,778,198
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 203,030,297 153,768,922 110,855,761 80,458,359
   Equipment and Vehicles 31,706,553 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 168,321,687 152,312,858 121,376,624 51,589,844
    Staff Advance from Salary 61,589,400 45,520,000 37,222,700 17,324,000
    Staff Advance from Motorcycle 89,962,900 57,966,800 50,290,100 51,699,000
    Special Advance 5,775,283 1,920,052 479,098 5,949,657
    Cash Advance to Staff 4,132,527 3,319,626 2,317,587 1,844,148
    Office Rental Deposit 25,339,516 20,095,096 14,558,776 11,714,173
    Others 13,432,850 2,426,517 1,062,361 1,295,877
Subtotal of Other Receivables 200,232,476 131,248,091 105,930,622 89,826,855
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 12,482,015,381 7,634,726,441 4,939,907,994 3,420,114,606
   Clients' CBU (Savings) 4,876,657,545 3,185,621,650 2,095,227,410 1,514,548,420
   Clients' LCBU (Savings) 833,571,690 621,971,470 453,737,300 324,006,300
   Subtotal of Clients' CBU 5,710,229,235 3,807,593,120 2,548,964,710 1,838,554,720
   BPSF 676,721,230 486,270,250 344,657,320 259,803,040
   Staff CBU 0 78,173,360 48,982,370 35,627,730
   Staff Cash Bond 0 0 103,549,000 77,190,300
   Retirement Benefit Obligation 364,069,245 206,306,800 119,803,800 85,087,800
   Staff Benevolent Fund 174,942,890 94,122,340 87,065,520 65,071,420
   Accounts Payable 73,107,595 56,420,796 18,772,233 9,885,313
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 805,336,131 726,718,938 371,742,786 175,657,416
   Short-Term Financing 390,000,000 686,000,000 474,900,000 241,000,000
   Corporate Notes 1,500,000,000 200,000,000 100,000,000 75,000,000
   Subtotal of Other Liabilities 3,974,177,091 2,534,012,484 1,669,473,029 1,024,323,019
   Total Liabilities 9,684,406,326 6,341,605,604 4,218,437,739 2,862,877,739
   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 543,968,268 393,009,004 105,847,590 48,924,943
   Total Equity or Fund Balance 2,797,609,055 1,293,120,837 721,470,255 557,236,867
TOTAL LIABILITIES and FUND BALANCE 12,482,015,381 7,634,726,441 4,939,907,994 3,420,114,606

Income
COMPARATIVE INCOME STATEMENT

JAN-JUL 2017 JAN-JUL 2016 JAN-JUL 2015 JAN-JUL 2014
   Service Charges from Loans 3,145,805,176 2,093,231,401 1,335,542,229 891,302,981
   Less: Rebates -342,220,053 -48,240,920 -13,333,805 -9,146,535
Subtotal 2,803,585,123 2,044,990,481 1,322,208,424 882,156,446
   Interest from Bank A/C 2,479,081 1,509,250 1,401,905 1,101,327
   Bad Debt Collection 574,980 410,202 232,489 416,377
   Miscellaneous 9,242,547 3,342,669 7,419,640 6,779,325
Subtotal 12,296,608 5,262,121 9,054,034 8,297,029
GROSS INCOME 2,815,881,731 2,050,252,602 1,331,262,458 890,453,475
   Interest on CBU and Cashbond 0 0 0 0
   Interest on Borrowed Funds 36,895,971 15,972,509 8,334,113 7,614,603
Subtotal 36,895,971 15,972,509 8,334,113 7,614,603
   Basic Pay 665,568,319 444,473,858 335,773,844 266,101,323
   De minimis 63,989,339 62,704,183 46,706,130 24,527,645
   Employer's Contribution 59,815,164 42,277,624 32,475,138 26,745,133
Subtotal 789,372,822 549,455,665 414,955,112 317,374,101
   Staff Benevolent Funds 5,898,620 5,039,400 3,893,630 3,322,100
   Office Rental 73,541,309 56,094,747 43,267,322 37,915,237
   Light and Water 18,225,129 12,158,485 7,695,737 6,405,873
   Fuel and Lubricants 25,425 25,238 49,152 70,182
   Travel and Transportation 154,220,313 130,805,609 99,799,457 98,458,124
   Repairing and Maintenance 48,062,525 35,816,996 20,926,558 35,356,222
   Postage and Telephone 26,024,956 16,405,586 8,070,328 4,837,627
   Office Supplies and Xerox 40,176,183 26,174,881 14,343,883 12,602,984
   Staff Development and Conferences 31,346,330 29,416,461 21,343,156 19,997,501
   Clients' Training 0 0 0 0
   Representation 130,648 175,996 103,191 486,367
   Bank Charges 772,229 551,783 335,162 287,755
   City/Municipality Taxes and Licenses 23,282,179 18,289,472 12,755,358 8,139,511
   Insurance Fees 3,567,218 422,128 30,289 124,864
   Professional Fees 21,532,443 3,056,492 1,438,644 1,755,276
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 859,367 833,158 486,295 887,548
   Miscellaneous 10,791,371 7,631,481 8,553,135 4,890,502
Subtotal 458,456,245 342,897,913 243,091,297 235,537,673
Provision for Unspent Expenses 770,000,000 700,000,000 322,010,790 173,218,000
Loan Loss Provision 143,783,500 0 232,292,210 104,824,410
Depreciation 0 0 0 0
Grants and Donations 12,136,000 7,942,625 4,731,346 2,959,745
Taxes to BIR 61,268,925 40,974,886 0 0
TOTAL EXPENSES 2,271,913,463 1,657,243,598 1,225,414,868 841,528,532
NET INCOME 543,968,268 393,009,004 105,847,590 48,924,943
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