ASA Philippines Foundation, Inc.

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At a Glance Report

No. Description 31-Dec-16 31-Dec-15 31-Dec-14 31-Dec-13
1 Number of Branches 850 700 600 510
2 # of Microfinance Officers (MFOs) 4,224 3,465 2,916 2,456
3 Number of Total Staff 5,964 4,824 4,024 3,354
4 Number of Provinces Covered 82 82 81 80
5 Number of Clients 1,273,136 1,073,580 849,232 701,779
6 Clients' Savings Balance (PHP) 4,528,168,220 3,115,605,750 2,158,054,220 1,635,005,080
7 Number of Active Borrowers 1,273,136 1,073,580 849,232 701,779
8 Principal Loans (PHP) : : : :
   Disbursed (cumulative) 91,664,968,000 62,093,523,000 43,130,307,000 30,252,025,000
   Target of Collections (cumulative) 82,828,769,498 56,470,915,031 39,556,186,277 27,524,003,826
   Actual Collections (cumulative) 82,824,582,848 56,467,590,901 39,555,036,060 27,523,473,783
   Outstanding Portfolio (PHP) 8,840,385,152 5,625,932,099 3,575,270,940 2,728,551,217
9 Recovery Rate 99.94% 99.91% 99.95% 100.00%
10 Portfolio at Risk 0.05% 0.04% 0.02% 0.01%
11 No. of Delinquent A/Cs 1,371 699 258 164
12 % of Delinquent A/Cs 0.11% 0.07% 0.03% 0.02%
13 Amount of Past Due (PHP) 4,186,650 3,324,130 1,150,217 530,043
14 Amount of Portfolio at Risk (PHP) 4,470,000 2,422,390 739,200 365,220

Assets and Property
COMPARATIVE BALANCE SHEET

 December 2016    December 2015    December 2014    December 2013  
   Cash on Hand 24,967,917 0 0 0
   Cash in Bank (All Branches) 174,695,406 173,696,686 183,227,788 137,345,393
   Cash in Bank CO 119,268,911 88,422,909 300,804,721 323,112,170
Subtotal of Cash on Hand and in Bank 294,195,551 262,119,595 484,032,509 460,527,318
Loans Outstanding (Principal) 8,840,385,152 5,625,932,099 3,575,270,940 2,728,551,217
   Less: Reserved for Loan Loss -442,019,300 -408,209,310 -275,770,240 -247,683,490
Net Loans Outstanding 8,398,365,852 5,217,722,789 3,299,500,700 2,480,867,727
   Office Building 65,678,584 65,678,584 65,678,584 12,798,139
   Office Building Improvements 0 0 0 0
   Furniture and Fixtures 167,013,410 124,327,964 87,299,609 66,045,115
   Equipment and Vehicles 26,984,553 11,504,553 10,725,701 7,632,146
   Less: Accumulated Depreciation -132,093,747 -93,039,201 -66,466,494 -49,298,800
Subtotal of Property and Equipment 127,582,800 108,471,900 97,237,400 37,176,600
    Staff Advance from Salary 24,640,900 36,865,500 26,264,900 9,558,000
    Staff Advance for Motorcycle Advance 75,883,000 53,502,000 52,721,000 48,247,000
    Special Advance 7,824,077 972,180 487,189 316,508
    Cash Advance to Staff 323,338 787,512 637,814 257,811
    Office Rental Deposit 21,434,796 15,408,230 11,980,049 8,832,354
    Others 0 0 0 0
Subtotal of Other Receivables 130,106,111 107,535,422 96,290,952 67,211,673
Due from HO/Branches 0 0 0 0
TOTAL ASSETS & PROPERTIES 8,950,250,314 5,695,849,706 3,977,061,561 3,045,783,318
   Clients' CBU (Savings) 3,825,943,160 2,593,273,030 1,787,174,290 1,365,706,870
   Clients' LCBU (Savings) 702,225,060 522,332,720 370,879,930 269,298,210
   Subtotal of Clients' CBU 4,528,168,220 3,115,605,750 2,158,054,220 1,635,005,080
   BPSF 622,551,800 448,430,620 326,057,410 203,890,600
   Staff CBU 0 63,124,700 46,872,650 34,716,120
   Staff Cash Bond 0 122,680,600 90,558,900 67,578,900
   Retirement Benefit Obligation 426,253,100 207,273,100 120,232,500 85,318,000
   Staff Benevolent Fund 175,294,500 95,263,400 84,257,300 62,687,500
   Accounts Payable 63,704,809 22,515,363 17,446,402 8,344,619
   Due to HO/Branches 0 0 0 0
   Accrued Expenses 148,676,170 141,844,340 153,359,514 141,430,575
   Loan from LB, BPI, PNB, BDO & PBSP 770,000,000 579,000,000 364,600,000 298,500,000
   Fund from ADF 0 0 0 0
   Other Liabilities 2,206,480,379 1,680,132,123 1,203,384,676 902,466,314
   Total Liabilities 6,734,648,599 4,795,737,873 3,361,438,896 2,537,471,394
   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 -27,566,100 -27,566,150 11,195,000 10,436,000
   Income Over Exp Previous Year 886,317,933 563,067,665 456,515,924 350,799,116
   Income Over Exp This Year 1,315,489,882 323,250,318 106,551,741 105,716,808
   Total Equity or Fund Balance 2,215,601,715 900,111,833 615,622,665 508,311,924
TOTAL LIABILITIES and FUND BALANCE 8,950,250,314 5,695,849,706 3,977,061,561 3,045,783,318

Income
COMPARATIVE INCOME STATEMENT

JAN-DEC 2016 JAN-DEC 2015 JAN-DEC 2014 JAN-DEC 2013
   Service Charges from Loans 4,286,240,708 2,408,702,209 1,632,424,223 1,321,279,082
   Less: Rebates -382,173,644 -124,151,792 -82,386,103 -61,348,821
Subtotal 3,904,067,064 2,284,550,417 1,550,038,120 1,259,930,261
   Interest from Bank A/C 2,376,450 2,318,070 2,447,873 1,281,358
   Bad Debt Collection 745,462 485,991 608,440 601,940
   Miscellaneous 7,759,090 2,889,008 11,329,322 6,106,852
Subtotal 10,881,002 5,693,069 14,385,635 7,990,150
GROSS INCOME 3,914,948,066 2,290,243,486 1,564,423,755 1,267,920,411
   Interest on CBU and Cashbond 0 985,125 793,875 729,625
   Interest on Borrowed Funds 29,862,933 16,336,415 17,766,174 11,120,212
Subtotal 29,862,933 17,321,540 18,560,049 11,849,837
   Basic Pay 1,001,392,737 735,260,522 603,912,945 479,447,428
   De minimis 108,404,485 88,767,089 46,438,949 0
   Employer's Contribution 78,942,403/td> 59,520,320 48,478,934 37,621,280
Subtotal 1,410,182,075 932,391,431 730,405,110 543,827,008
   Staff Benevolent Funds 59,174,800 17,048,150 25,963,380 32,948,600
   Office Rental 102,224,478 78,235,370 67,691,820 53,121,623
   Light and Water 27,773,992 16,332,257 13,399,031 10,681,011
   Fuel and Lubricants 42,214 76,890 112,611 93,537
   Travel and Transportation 342,581,989 281,975,471 259,453,379 158,991,147
   Repair and Maintenance 78,189,039 54,369,834 69,218,818 84,605,356
   Postage and Telephone 40,989,796 16,404,621 9,983,146 6,424,765
   Office Supplies and Xerox 50,489,454 35,714,338 27,733,990 23,531,930
   Staff Development and Conferences 92,531,751 42,198,057 35,580,393 22,048,167
   Clients' Training 0 0 0 0
   Representation 217,251 196,488 629,694 973,642
   Bank Charges 1,046,270 710,478 572,055 772,344
   City/Municipality Taxes and Licenses 20,623,233 15,467,976 11,206,032 7,994,614
   Insurance Fees 483,025 122,688 227,914 0
   Professional Fees 7,674,886 3,946,739 7,020,235 4,561,014
   IT Expenses 0 0 0 0
   Association Dues and Membership Fees 1,191,257 759,973 1,208,206 0
   Miscellaneous 12,896,801 13,186,388 8,621,584 7,684,782
Subtotal 838,130,236 576,745,718 538,622,288 414,432,532
Provision for Unspent Expenses 0 0 0 0
Loan Loss Provision 67,830,135 150,133,980 38,000,000 0
Depreciation 39,054,546 26,572,707 19,601,433 17,826,327
Grants and Donations 32,052,946 14,028,625 12,640,401 6,616,000
Taxes to BIR 182,345,313 249,799,167 100,042,733 167,651,899
TOTAL EXPENSES 2,599,458,184 1,966,993,168 1,457,872,014 1,162,203,603
NET INCOME 1,315,489,882 323,250,318 106,551,741 105,716,808
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