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ARDY’s 2007 Balance Sheet

Time:2007-12-31 10:51:35From:ARDY Writer:Li ShiBin (Translated by Jenni Click:
  

 

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

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