Balance Sheet | ||
Association for Rural Development in Yilong | December 30, 2007 | |
| Beginning-of-the-Month Amounts | End-of-the-Month Amounts |
Assets |
|
|
Cash on Hand | -4,499.20 | 7,878.37 |
Cash in Bank | 414,783.76 | 121,904.13 |
Funds Advanced |
|
|
Funds Advanced to Townships |
|
|
Loan Portfolio |
|
|
Current Loans | 4,929,445.30 | 6,106,972.00 |
Past Due Loans | 85,649.33 | 17,405.00 |
Rescheduled Loans |
|
|
Total Loans Outstanding | 5,015,094.63 | 6,124,377.00 |
Less: Loan Loss Reserve | 796,342.51 | 40,481.40 |
Net Loans Outstanding | 4,218,752.12 | 6,083,895.60 |
Interest Receivable | 104,897.54 | 104,897.54 |
Other Receivables | 1,634,888.32 | 318,862.42 |
Prepaid Expenses | 20,822.60 | 13,704.60 |
Total Current Assets | 6,389,645.14 | 6,649,142.66 |
Fixed Assets – Cost | 198,867.78 | 1,370,684.78 |
(Accumulated Depreciation) | 44,390.64 | 56,834.64 |
Total Fixed Assets | 154,477.24 | 1,314,050.14 |
Other Assets |
|
|
TOTAL ASSETS | 6,544,122.28 | 7,963,192,80 |
| ||
Liabilities and Equity Liabilities |
|
|
Client Deposits | -12,924.00 | 1,173,723.00 |
Accounts Payable |
|
|
Interest Payable |
|
|
Accrued Expenses | 1,251.00 | 21,354.00 |
Other Liabilities | 975,916.60 | 257,537.42 |
Deferred Revenue |
|
|
Total Current Liabilities | 964,343.60 | 1,452,614.42 |
Long-Term Debt |
|
|
UNDP Revolving Loan Fund |
|
|
Long-term Loan from Commercial Banks |
| 598,425.88 |
Long-term Loans from Other Sources | 1,069,626.73 |
|
Total Liabilities | 4,978,960.33 | 2,051,040.30 |
| ||
Equity |
|
|
Restricted Funds | 2,266,891.95 | 6,372,308.68 |
Unrestricted Funds |
|
|
| 73,700.00 | 780,100.00 |
Prior Year Retained Earnings | -845,993.97 | -1,283,855.38 |
Current Year Profit (Loss) | 80,563.97 | 23,699.21 |
Total Equity | 1,565,161.95 | 5,912,152.50 |
TOTAL LIABILITIES & EQUITY | 6,544,122.28 | 7,963,192.80 |
