Sample Income Stmt
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Accounting Study Guide
Sample accounts
SAMPLE ACCOUNTS
1: Sample Balance Sheet
ABC Credit Programme BALANCE SHEET As at December 31, 1995
ASSETS
LIABILITY AND EQUITY LIABILITIES
Cash & Bank Current Accounts Interest Bearing Deposits
5,000 8,000
Short-term Borrowings (commercial rate) Client Savings
18,000 0
Total Current Liabilities
18,000
Long-term Debt (commercial rate) Long-term Debt (concessionary rate) Restricted/Deferred Revenue
12,000 35,000 0
TOTAL LIABILITIES
65,000
3,300 15,800
EQUITY Loan Fund Capital Retained Net Surplus/(Deficit) prior years Net Surplus/(Deficit) current year TOTAL EQUITY
40,100 200 1,000 41,300
106,300
TOTAL LIABILITIES AND EQUITY
106,300
13,000 Loans Outstanding: Current Past-Due Restructured Loans Outstanding (Gross) (Loan Loss Reserve) Net Loans Outstanding Other Current Assets Total Current Assets Long-term Investments Property and Equipment: Cost (Accumulated Depreciation) Net Property and Equipment Total Long-term Assets
66,000 17,000 1,000 84,000 (7,000) 77,000 500 90,500 12,500 4,000 (700)
TOTAL ASSETS Source: SEEP Financial Services Working Group
Calmeadow
1
Accounting Study Guide
Sample accounts
2: Sample Balance Sheet (Comparative)
ABC Credit Programme BALANCE SHEET as at December 31, 1995 Dec. 31, 1995 ASSETS Cash & Bank Current Accounts Interest-bearing Deposits Loans Outstanding: Current Past-Due Restructured Loans Outstanding (Gross) (Loan Loss Reserve) Net Loans Outstanding Other Current Assets TOTAL CURRENT ASSETS Long-term Investments Property and Equipment: Cost (Accumulated Depreciation) Net Property and Equipment TOTAL LONG-TERM ASSETS
Dec. 31, 1994
5,000 8,000
% Change
2,500 7,000
+ 100% + 14%
65,000 1,000 75,500 11,000
+ 32% – 13% +100% + 20% + 40% + 19% – 50% + 20% + 14%
3,300 15,800
3,700 14,700
0% + 133% – 11% + 8%
TOTAL ASSETS LIABILITIES Short-term borrowings (commercial rate) Client Savings TOTAL CURRENT LIABILITIES Long-term debt (commercial rate) Long-term debt (concessional rate) Restricted/Deferred Revenue TOTAL LIABILITIES EQUITY Loan Fund Capital Retained Net Surplus/(Deficit) prior years Net Surplus/(Deficit) current year TOTAL EQUITY
106,300
90,200
+ 18%
18,000 0 18,000 12,000 35,000 0 65,000
12,000 0 12,000 15,000 30,000 0 57,000
+ 50% -+ 50% – 20% +17% -14%
40,100 200 1,000 41,300
33,000 0 200 33,200
+22% -+ 400% + 24%
TOTAL LIABILITIES AND EQUITY
106,300
90,200
+ 18%
66,000 17,000 1,000 84,000 (7,000)
50,000 19,500 500 70,000 (5,000) 77,000 500 90,500 12,500
4,000 (700)
4,000 (300)
Source: SEEP Financial Services Working Group
Calmeadow
2
Accounting Study Guide
Sample accounts
3: Sample Income Statement
ABC Credit Programme STATEMENT OF INCOME AND EXPENDITURE For the period ended December 31, 1995 FINANCIAL INCOME: Interest on Current & Past Due Loans Interest on Restructured Loans Interest on Investments Loan Fees/Service Charges Late fees on Loans Total Financial Income FINANCIAL COSTS: Interest on Debt Interest paid on Deposits Total Financial Costs
15,400 100 500 5,300 200 21,500 3,700 0 3,700 17,800
GROSS FINANCIAL MARGIN Provision for Loan Losses
2,500 15,300
NET FINANCIAL MARGIN Operating Expenses Salaries and benefits Administrative expenses Occupancy expense Travel Depreciation Other Total Operating Expenses NET INCOME FROM OPERATIONS Grant Revenue for Operations Excess Of Income Over Expenses
6,000 2,600 2,500 2,500 400 300 14,300 1,000 0 1,000
Source: SEEP Financial Services Working Group
Calmeadow
3
Accounting Study Guide
Sample accounts
4: Sample Income Statement (Comparative)
ABC Credit Programme STATEMENT OF INCOME AND EXPENDITURE For the period ended December 31, 1995 1995 FINANCIAL INCOME: Interest on Current & Past Due Loans Interest on Restructured Loans Interest on Investments Loan Fees/Service Charges Late fees on Loans Total Financial Income
1994
% Change
15,400 100 500 5,300 200 21,500
12,000 50 1,500 5,000 300 18,850
+ 28% +100% - 67% + 6% – 33% + 14%
3,700 0 3,700
3,500 0 3,500
+ 6% 0% + 6%
17,800
15,350
+ 16%
2,500
3,000
– 17%
NET FINANCIAL MARGIN
15,300
12,350
+ 24%
Operating Expenses Salaries and Benefits Administrative expenses Occupancy expense Travel Depreciation Other Total Operating Expenses NET INCOME FROM OPERATIONS
6,000 2,600 2,500 2,500 400 300 14,300 1,000
5,000 2,500 2,500 2,500 300 300 13,100 (750)
+ 20% + 4% 0% 0% + 33% 0% + 9% + 233%
Income from Grants for Credit Services
0
950
– 100%
1,000
200
+ 400%
FINANCIAL COSTS: Interest on Debt Interest paid on Deposits Total Financial Costs GROSS FINANCIAL MARGIN Provision for Loan Losses
Excess Of Income Over Expenses Source: SEEP Financial Services Working Group
Calmeadow
4
Accounting Study Guide
Sample accounts
5: Sample Statement of Changes in Financial Position ABC Credit Programme STATEMENT OF CHANGES IN FINANCIAL POSITION As at December 31, 1995 Sources of Funds: Excess of Revenue over Expenses Depreciation Provision for Loan Losses Increase in Borrowed Funds Increase in Loan Fund Capital Decrease in Other Assets
1,000 400 2,500 11,000 7,100 500 ______ 22,500
Total Sources of Funds Uses of Funds: Increase in Loans Outstanding Increase in Investments Decrease in Borrwoed Funds Loan Write-Offs
14,000 2,500 3,000 500 ______ 20,000
Total Uses of Funds
Calmeadow
Net Cash Flow, for the period
2,500
Cash, beginning of period
2,500
Cash, end of period
5,000
5
Sample accounts
SAMPLE ACCOUNTS
1: Sample Balance Sheet
ABC Credit Programme BALANCE SHEET As at December 31, 1995
ASSETS
LIABILITY AND EQUITY LIABILITIES
Cash & Bank Current Accounts Interest Bearing Deposits
5,000 8,000
Short-term Borrowings (commercial rate) Client Savings
18,000 0
Total Current Liabilities
18,000
Long-term Debt (commercial rate) Long-term Debt (concessionary rate) Restricted/Deferred Revenue
12,000 35,000 0
TOTAL LIABILITIES
65,000
3,300 15,800
EQUITY Loan Fund Capital Retained Net Surplus/(Deficit) prior years Net Surplus/(Deficit) current year TOTAL EQUITY
40,100 200 1,000 41,300
106,300
TOTAL LIABILITIES AND EQUITY
106,300
13,000 Loans Outstanding: Current Past-Due Restructured Loans Outstanding (Gross) (Loan Loss Reserve) Net Loans Outstanding Other Current Assets Total Current Assets Long-term Investments Property and Equipment: Cost (Accumulated Depreciation) Net Property and Equipment Total Long-term Assets
66,000 17,000 1,000 84,000 (7,000) 77,000 500 90,500 12,500 4,000 (700)
TOTAL ASSETS Source: SEEP Financial Services Working Group
Calmeadow
1
Accounting Study Guide
Sample accounts
2: Sample Balance Sheet (Comparative)
ABC Credit Programme BALANCE SHEET as at December 31, 1995 Dec. 31, 1995 ASSETS Cash & Bank Current Accounts Interest-bearing Deposits Loans Outstanding: Current Past-Due Restructured Loans Outstanding (Gross) (Loan Loss Reserve) Net Loans Outstanding Other Current Assets TOTAL CURRENT ASSETS Long-term Investments Property and Equipment: Cost (Accumulated Depreciation) Net Property and Equipment TOTAL LONG-TERM ASSETS
Dec. 31, 1994
5,000 8,000
% Change
2,500 7,000
+ 100% + 14%
65,000 1,000 75,500 11,000
+ 32% – 13% +100% + 20% + 40% + 19% – 50% + 20% + 14%
3,300 15,800
3,700 14,700
0% + 133% – 11% + 8%
TOTAL ASSETS LIABILITIES Short-term borrowings (commercial rate) Client Savings TOTAL CURRENT LIABILITIES Long-term debt (commercial rate) Long-term debt (concessional rate) Restricted/Deferred Revenue TOTAL LIABILITIES EQUITY Loan Fund Capital Retained Net Surplus/(Deficit) prior years Net Surplus/(Deficit) current year TOTAL EQUITY
106,300
90,200
+ 18%
18,000 0 18,000 12,000 35,000 0 65,000
12,000 0 12,000 15,000 30,000 0 57,000
+ 50% -+ 50% – 20% +17% -14%
40,100 200 1,000 41,300
33,000 0 200 33,200
+22% -+ 400% + 24%
TOTAL LIABILITIES AND EQUITY
106,300
90,200
+ 18%
66,000 17,000 1,000 84,000 (7,000)
50,000 19,500 500 70,000 (5,000) 77,000 500 90,500 12,500
4,000 (700)
4,000 (300)
Source: SEEP Financial Services Working Group
Calmeadow
2
Accounting Study Guide
Sample accounts
3: Sample Income Statement
ABC Credit Programme STATEMENT OF INCOME AND EXPENDITURE For the period ended December 31, 1995 FINANCIAL INCOME: Interest on Current & Past Due Loans Interest on Restructured Loans Interest on Investments Loan Fees/Service Charges Late fees on Loans Total Financial Income FINANCIAL COSTS: Interest on Debt Interest paid on Deposits Total Financial Costs
15,400 100 500 5,300 200 21,500 3,700 0 3,700 17,800
GROSS FINANCIAL MARGIN Provision for Loan Losses
2,500 15,300
NET FINANCIAL MARGIN Operating Expenses Salaries and benefits Administrative expenses Occupancy expense Travel Depreciation Other Total Operating Expenses NET INCOME FROM OPERATIONS Grant Revenue for Operations Excess Of Income Over Expenses
6,000 2,600 2,500 2,500 400 300 14,300 1,000 0 1,000
Source: SEEP Financial Services Working Group
Calmeadow
3
Accounting Study Guide
Sample accounts
4: Sample Income Statement (Comparative)
ABC Credit Programme STATEMENT OF INCOME AND EXPENDITURE For the period ended December 31, 1995 1995 FINANCIAL INCOME: Interest on Current & Past Due Loans Interest on Restructured Loans Interest on Investments Loan Fees/Service Charges Late fees on Loans Total Financial Income
1994
% Change
15,400 100 500 5,300 200 21,500
12,000 50 1,500 5,000 300 18,850
+ 28% +100% - 67% + 6% – 33% + 14%
3,700 0 3,700
3,500 0 3,500
+ 6% 0% + 6%
17,800
15,350
+ 16%
2,500
3,000
– 17%
NET FINANCIAL MARGIN
15,300
12,350
+ 24%
Operating Expenses Salaries and Benefits Administrative expenses Occupancy expense Travel Depreciation Other Total Operating Expenses NET INCOME FROM OPERATIONS
6,000 2,600 2,500 2,500 400 300 14,300 1,000
5,000 2,500 2,500 2,500 300 300 13,100 (750)
+ 20% + 4% 0% 0% + 33% 0% + 9% + 233%
Income from Grants for Credit Services
0
950
– 100%
1,000
200
+ 400%
FINANCIAL COSTS: Interest on Debt Interest paid on Deposits Total Financial Costs GROSS FINANCIAL MARGIN Provision for Loan Losses
Excess Of Income Over Expenses Source: SEEP Financial Services Working Group
Calmeadow
4
Accounting Study Guide
Sample accounts
5: Sample Statement of Changes in Financial Position ABC Credit Programme STATEMENT OF CHANGES IN FINANCIAL POSITION As at December 31, 1995 Sources of Funds: Excess of Revenue over Expenses Depreciation Provision for Loan Losses Increase in Borrowed Funds Increase in Loan Fund Capital Decrease in Other Assets
1,000 400 2,500 11,000 7,100 500 ______ 22,500
Total Sources of Funds Uses of Funds: Increase in Loans Outstanding Increase in Investments Decrease in Borrwoed Funds Loan Write-Offs
14,000 2,500 3,000 500 ______ 20,000
Total Uses of Funds
Calmeadow
Net Cash Flow, for the period
2,500
Cash, beginning of period
2,500
Cash, end of period
5,000
5
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