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MALOLOS CREDIT AND DEVELOPMENT COOPERATIVE

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

2017
ASSETS
Current Assets
Cash and Cash Equivalents 9,604,471
Loans and other Receivables 119,406,976
Other Current Assets 636,353
Total Current Assets 129,647,800

Non-Current Assets
Long term Investments 13,704,689
Real and Other Properties Acquired 1,605,028
Property and Equipment 9,720,165
Other Non-Current Assets 2,086,187
Total Non-Current Assets 27,116,069
TOTAL ASSETS 156,763,869

LIABILITIES AND MEMBERS' EQUITY


Current Liability
Deposit Liabilities 105,976,268
Other Current Liabilities 1,205,250
Loans Payable-Current Portion 1,649,786
Total Current Liabilities 108,831,304

Non-Current Liabilities
Other Non-Current Liabilities 2,182,453
Loans Payable- Noncurrent Portion 13,873,751
Total Non-Current Liabilities 16,056,204

Members Equity
Paid-up Capital - Preferred 116,700
Paid-up Capital - Common 25,962,600
Donations and Grants 30,000
Statutory Funds 5,767,061
Total Members' Equity 31,876,361
TOTAL LIABILITIES AND MEMEBERS' EQUITY 156,763,869
COOPERATIVE
IAL CONDITION
HORIZONTAL VERTICAL
2016 2017 2017 2016

9,709,251 -1% 6% 7%
106,254,154 12% 76% 74%
423,522 50% 0% 0%
116,386,927 11% 83% 81%

13,443,731 2% 9% 9%
1,605,028 0% 1% 1%
9,928,065 -2% 6% 7%
2,081,650 0% 1% 1%
27,058,474 0% 17% 19%
143,445,401 9% 100% 100%

91,407,719 16% 68% 64%


1,657,674 -27% 1% 1%
1,649,786 0% 1% 1%
94,715,179 15% 69% 66%

2,754,701 -21% 1% 2%
15,833,333 -12% 9% 11%
18,588,034 -14% 10% 13%

99,000 18% 0% 0%
24,533,800 6% 17% 17%
30,000 0% 0% 0%
5,479,388 5% 4% 4%
30,142,188 6% 20% 21%
143,445,401 9% 100% 100%
MALOLOS CREDIT AND DEVELOPMENT COOPERATIVE
CONSOLIDATED STATEMENTS OF OPERATIONS

2017 2016
Revenues
Income from Lending Activities 22,907,682 20,112,343
Income from Investing Activities 547,347 502,144
Miscellaneous Income 1,239,319 1,261,246
24,694,348 21,875,733

Operating Expenses
Financial Costs 6,570,891 4,155,486
Administrative Expenses 14,939,137 14,759,572
Democratic Governance Costs 459,759 370,582
21,969,787 19,285,640

Net Surplus 2,724,561 2,590,093

DISTRIBUTION OF NET SURPLUS


General Reserve Fund 10% 272,456 259,009
Education and Training Fund 3% 81,737 77,703
DUE to CETF 3% 81,737 77,703
Community Development Fund 10% 272,456 259,009
Optional Fund 7% 190,719 181,307
Interest On Share Capital Payable 1,253,298 1,191,442
Patronage Refund Payable 572,158 543,919
2,724,561 2,590,092
HORIZONTAL VERTICAL
2017 2017 2016

14% 93% 92%


9% 2% 2%
-2% 5% 6%
13% 100% 100%

58% 27% 19%


1% 60% 67%
24% 2% 2%
14% 89% 88%

5% 11% 12%
MALOLOS CREDIT AND DEVELOPMENT COOPERATIVE
CONSOLIDATED STATEMENTS OF CHANGES IN MEMBER'S EQUITY
HORIZONTAL
2017 2016 2017
PAID-UP CAPITAL
Preferred- P100 par value
Authorized - 10,000 shares
Issued and Outstanding 116,700 99,000 18%

Common - P100 par value


Authorized - 400,000 Share
Issued and Outstanding 25,962,600 24,533,800 6%

DONATIONS AND GRANTS 30,000 30,000 0%

STATUTORY FUNDS
General Researve Fund 2,732,984 2,460,528 11%
Education and Traing Fund 101,548 166,775 -39%
Community Development Fun 1,113,920 1,224,196 -9%
Optional Fund 1,818,609 1,627,889 12%
5,767,061 5,479,388 5%

31,876,361 30,142,188 6%
VERTICAL
2017 2016
MALOLOS CREDIT AND DEVELOPMENT COOPERATIVE
CONSOLIDATED STATEMENTS OF CHANGES IN MEMBER'S EQUITY

2017 2016
CASH FLOW FROM OPERATING ACTIVITIES
Net Surplus 2,724,561 2,590,093
Adjusments for:
Provision For Probable Losses on loan 964,210 1,501,407
Depreciation and Amortization 630,151 491,475
Operating income before working capital changes 4,318,922 4,582,975
Increase in:
Loans and Other Receivables -13,152,822 -19,792,208
Other Current Assets -212,831 -70,108
Increase (Decrease) in:
Deposit Liabilities 14,568,549 17,407,744
Other Current Liabilities -3,323,835 -1,540,717
Net Cash Generated from Operations 2,197,983 587,686

CASH FLOW FORM INVESTING ACTIVITIES


Net Increase in Property and Equipment -422,242 -2,527,974
Decrease (Increase) in other Current Assets -4,537 1,854,111
Additional Long-Term Investments -260,958 -2,369,847
Net Cash Used in Investing Activities -687,737 -3,043,710

NET DECREASE IN CASH AND CASH EQUIVALENTS -104,780 -1,890,779


CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 9,709,251 11,600,030
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 9,604,471 9,709,251
HORIZONTAL VERTICAL
2017 2017 2016

5% 1.24 4.41

-36% 0.44 2.55


28% 0.29 0.84
-6% 1.96 7.80

-34% -5.98 - 33.68


204% -0.10 - 0.12

-16% 6.63 29.62


116% -1.51 - 2.62
274% 1.00 1.00

-83% 0.61 0.83


-100% 0.01 -0.61
-89% 0.38 0.78
-77% 1.00 1.00

-94% -0.01 -0.19


-16% 1.01 1.19
-1% 1.00 1.00