Untitled Document
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| STATEMENTS
OF FINANCIAL POSITIONS |
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As of December
31 |
| A s s e t s |
2009 |
2008 |
% of growth
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| Current assets |
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| Cash and cash equivalents |
81,610,221 |
74,138,030 |
10.08%
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| Loans receivable and other receivables, net |
450,029,359
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393,851,196
|
14.26%
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| Unquoted debt securities |
5,033,910
|
5,430,279 |
-7.30%
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| Held to maturity investments |
20,667,775 |
18,161,708 |
13.80%
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| Prepayments and other current assets, net |
3,202,933 |
2,738,572 |
16.96%
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| Total current assets |
560,544,198 |
494,319,785
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13.40%
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| Non-current assets |
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| Investment in MICOOP |
23,859,235 |
29,102,688 |
-18.02%
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| Pension Plan Assets |
17,233,048
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7,381,576
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81.50%
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| Investment in non-marketable equity securities |
1,972,961
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1,087,020
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133.46%
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| Investment Properties |
25,868,506
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26,117,458 |
-0.95% |
| Property & equipment, net |
93,709,892 |
89,187,179 |
5.07% |
| Other non-current assets, net |
17,921,074 |
10,135,202 |
76.82% |
| Total non-current
assets |
180,564,716 |
163,011,123 |
10.77% |
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| Total Assets |
741,108,914 |
657,330,908
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| L
i a b i l i t i e s a n d M e m b e r s' E q u i t i e s |
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| Current liabilities |
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| Deposits liabilities |
357,357,959
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318,428,166 |
12.23% |
| Loans payable-current portion |
59,316,903 |
71,361,636 |
-16.88% |
| Other current liabilities |
39,321,355 |
34,300,001 |
14.64% |
| Total current liabilities |
455,996,217 |
424,089,803 |
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| Non-current liabilities |
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| Loans payable - non-current portion |
136,810,099
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117,589,604 |
16.35% |
| Other non-current liabilities |
8,062,061 |
9,194,961 |
-12.32% |
| Total non-current
liabilities |
144,872,160
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126,784,565 |
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| Members' equities |
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| Paid-up share capital |
110,860,980 |
84,338,682 |
31.45% |
| Donations/Grants |
122,604 |
127,007 |
3.47% |
| Statutory funds |
29,256,953 |
21,990,851 |
33.04% |
| Total members' equities |
140,240,537 |
106,456,540 |
31.74% |
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| Total Members' Equities and Liabilities |
741,108,914 |
657,330,908 |
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| For the Years Ended December
31 |
2009 |
2008 |
% of growth |
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| Revenue |
136,371,239
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121,844,561 |
11.92% |
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| Expenses |
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| Financing/Borrowing costs |
38,265,154 |
34,676,121 |
10.35% |
| General and Administrative costs |
89,754,132 |
84,279,034 |
6.50% |
| Other cost and expense |
716,265 |
211,057 |
2.39% |
| Total expenses |
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Optional subsidy fund
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729,338 |
842,095 |
13.39% |
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| Net Surplus (For Allocation) |
8,365,026
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3,520,444 |
137.61% |
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| Other comprehensive income |
- |
- |
- |
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| Total Comprehensive Income |
1,494,345 |
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1,549,705 |
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| TOTAL COMPREHENSIVE INCOME |
8,365,026 |
3,520,444 |
137.61% |
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Distribution of Net Surplus
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Reserve fund
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4,182,513 |
1,760,222 |
137.61% |
COOP education &
training
|
836,503 |
352,044 |
137.61% |
| Optional fund |
836,503 |
352,044 |
137.61% |
| Interest on share
capital & patronage refund |
2,509,507 |
1,056,134 |
137.61% |
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Clerk (Central Office)
