Welcome to the CGAP Appraisal Format Spreadsheet Model. This spreadsheet is meant to be used in conjunction with
the CGAP Appraisal Format
Each of the major tables in the Appraisal Format are included in the Spreadsheet Model, with each sheet dedicated
to a separate table. Cells with formulas are outlined in BLUE, however you can adjust any formula to fit your data.
Here are a few other hints for using the spreadsheet model:
The dates for all tables are inputted once in the "Shadow" table
The tables are set up for up to five "actual" and three "projected" periods; however, this configuration can be customized.
To see the constant local currency and constant US$ financial statements, press F5 and select the appropriate table.
The Balance Sheet Distribution table (sheet "Distrib") is not included in the Appraisal Format per se, but is meant
as a tool to help the analyst understand the structure of the balance sheet (it can be included in the Appraisal Report).
The "Monthly" table is used to generate monthly averages (where available) for ratio analysis. Note that the current
set-up assumes that only monthly portfolio data may be available, and adjusts other key balance sheet items accordingly.
If you have monthly data for all balance sheet items, be sure to deactivate the "adjustment factor".
Average balance sheet items for past years use the "Monthly" sheet figures, but annual averages are used for
projected ratios.
Make sure to annualize partial-year analysis on ratios that compare income statement figures to average balance sheet
figures. For instance, a ratio covering January through May should be divided by 5 then multiplied by 12. Similarly,
when applying the shadow prices in the "Adjust" sheet, make sure the interest rates and/or inflation rates properly
reflect the partial-year timeframe being analyzed.
The nominal local currency value of the outstanding portfolio is entered in two places: 1) the total past and projected
portfolio is entered on the "Balance" sheet; and 2) the past outstanding portfolio is aggregated BY PRODUCT in the
"Portfolio" sheet. Make sure the reconciliation test on the "Portfolio" sheet is accurate.
The "Portfolio" and "Yield" sheets allow analysis by credit product. The sheets allow for three credit products, but more
could be added. If information by product is not available, replace the appropriate formulas in the bottom sections of
the tables.
Use the "Delinquency" sheet to enter the local currency amounts (not percentages) of portfolio-at-risk for the various
products (if available). This allows for automatic calculation of portfolio-at-risk percentages in the "Portfolio" sheet.
The CGAP Secretariat welcomes all comments for improving this spreadsheet model and the Appraisal Format. Please
contact Brigit S. Helms, tel: (202)458-8706 / fax: (202)522-3744 / email: BHelms@Worldbank.org.
1.1 SUMMARY OF KEY DATA
ACTUAL PROJECTED
Branch Offices
Employees per Branch #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Loan Officers per Branch
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
3.2 Outreach Summary
ACTUAL PROJECTED
Dec-96 Dec-97 Dec-98 Dec-99 Jun-00 Dec-00 Dec-01 Dec-02
1.
Total outstanding loan balance in
US$ #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
2. Number of active loans
- - - - - - - -
3. Average loan balance (1/2) in US$
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Total balance of voluntary savings
4.
accounts in US$ #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
5. Number of voluntary savings clients
9. Number of staff
- - - - - - - -
10. Number of branch offices
- - - - - - - -
5.1 INCOME STATEMENT
(nominal local currency)
OPERATING INCOME
1. Interest and fee income from loans
2. Income from other finance-related services
3. Income from investments
4. Total Operating Income - - - - -
OPERATING EXPENSES
5. Interest and fee expense
6. Loan loss provision expense
7. Administrative expense -- Personnel
8. Other administrative expense - - - - -
rent
office materials and supplies
transportation and travel
utilities
publicity and publications
staff training
repairs and maintenance
bank charges
depreciation
other
9. Total Operating Expenses - - - - -
NON-OPERATIONAL INCOME
11. Cash donations for financial services
12. Other non-operational income
Total Non-Operational Income - - - - -
13. Total Non-Operational Expenses
14. TOTAL CONSOLIDATED PROFIT/LOSS - - - - -
5.2 BALANCE SHEET
(nominal local currency)
ASSETS
15. Cash and due from banks
16. Reserves in central bank
17. Short-term investments in market instruments
18. Total loan portfolio
19. (Loan loss reserve) - - - -
20. Other short-term assets
21. Long-term investments
22. Net fixed assets
23. TOTAL ASSETS - - - - -
LIABILITIES
24. Savings accounts: compulsory
25. Savings accounts: voluntary
26. Time deposits
27. Loans: commercial
28. Loans: central bank
29. Loans: subsidized
30. Other short-term liabilities
31. Other long-term liabilities
32. TOTAL LIABILITIES - - - - -
EQUITY
33. Paid-in equity from shareholders
34. Donated equity -- prior years, cumulative - - - -
35. Donated equity -- current year - - - - -
36. Prior years' retained earnings/losses - - - -
37. Current year retained earnings/loss - - - - -
38. Other capital accounts
39. TOTAL EQUITY - - - - -
Jun-00
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
Averages
Dec-96 Dec-97 Dec-98 Dec-99 Jun-00
Outstanding Portfolio - - - - -
Fixed Assets - - - - -
Equity - - - - -
Fixed assets and equity are straight year over year averages
Adjustment factor #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
5.3 Shadow Prices
ACTUAL PROJECTED
Dec-96 Dec-97 Dec-98 Dec-99 Jun-00 Dec-00 Dec-01 Dec-02
Inflation rate
GDP deflator
1. Return on Assets
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
2. Adjusted Return on Assets
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
3. Adjusted Return on Equity
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Operational Self-Sufficiency
4.
(excluding cost of funds) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Operational Self-Sufficiency
5
(including cost of funds) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
6. Financial Self-Sufficiency
#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
5.6 Efficiency
Dec-96 Dec-97 Dec-98 Dec-99 Jun-00
Portfolio-At-Risk Worksheet
Local Currency values
LOAN PRODUCT #1: Dec-96 Dec-97 Dec-98
Total outstanding balance associated with loans that are:
On time (and never refinanced)
On time (but have been refinanced)
Late (at least 1 payment) 1 - 30 days
Late " 31 - 60 days
Late " 61 - 90 days
Late " 91 - 180 days
Late " 181 - 360 days
Late " a year or more
LOAN PRODUCT #2:
Total outstanding balance associated with loans that are:
On time (and never refinanced)
On time (but have been refinanced)
Late (at least 1 payment) 1 - 30 days
Late " 31 - 60 days
Late " 61 - 90 days
Late " 91 - 180 days
Late " 181 - 360 days
Late " a year or more
LOAN PRODUCT #3:
Total outstanding balance associated with loans that are:
On time (and never refinanced)
On time (but have been refinanced)
Late (at least 1 payment) 1 - 30 days
Late " 31 - 60 days
Late " 61 - 90 days
Late " 91 - 180 days
Late " 181 - 360 days
Late " a year or more
TOTAL
Total outstanding balance associated with loans that are:
On time (and never refinanced)
On time (but have been refinanced)
Late (at least 1 payment) 1 - 30 days
Late " 31 - 60 days
Late " 61 - 90 days
Late " 91 - 180 days
Late " 181 - 360 days
Late " a year or more
Page 17
Delinquency
Dec-99 Jun-00
Page 18
5.7 Portfolio Data
LOAN PRODUCT #1: Dec-96 Dec-97 Dec-98 Dec-99 Jun-00
1. Total principal balance outstanding, end of period
2. Number of active loans (clients) at end of period
3. Average principal balance per client (line1/line2) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
4. Average principal balance outstanding over the period
5. Loan losses written off over the period
6. Increase in loan loss reserve over the period
7. Loan loss rate: (6) as a % of (4) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8.
Total outstanding balance associated with loans that are:
On time (and never refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
On time (but have been refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late (at least 1 payment) 1 - 30 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 31 - 60 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 61 - 90 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 91 - 180 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 181 - 360 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " a year or more #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
9. Portfolio-at-risk delinquency rate > 30 days late #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
LOAN PRODUCT #2:
1. Total principal balance outstanding, end of period
2. Number of active loans at end of period
3. Average principal balance per client (line1/line2) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
4. Average principal balance outstanding over the period
5. Loan losses written off over the period
6. Increase in loan loss reserve over the period
7. Loan loss rate: (6) as a % of (4) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8.
Total outstanding balance associated with loans that are:
On time (and never refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
On time (but have been refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late (at least 1 payment) 1 - 30 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 31 - 60 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 61 - 90 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 91 - 180 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 181 - 360 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " a year or more #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
9. Portfolio-at-risk delinquency rate > 30 days late #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
LOAN PRODUCT #3:
1. Total principal balance outstanding, end of period
2. Number of active loans at end of period
3. Average principal balance per client (line1/line2) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
4. Average principal balance outstanding over the period
5. Loan losses written off over the period
6. Increase in loan loss reserve over the period
7. Loan loss rate: (6) as a % of (4) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8.
Total outstanding balance associated with loans that are:
On time (and never refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
On time (but have been refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late (at least 1 payment) 1 - 30 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 31 - 60 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 61 - 90 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 91 - 180 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 181 - 360 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " a year or more #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
9. Portfolio-at-risk delinquency rate > 30 days late #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
TOTAL
1. Total principal balance outstanding, end of period - - - - -
2. Number of active loans at end of period - - - - -
3. Average principal balance per client (line1/line2) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
4. Average principal balance outstanding over the period - - - - -
5. Loan losses written off over the period - - - - -
6. Increase in loan loss reserve over the period - - - - -
7. Loan loss rate: (6) as a % of (4) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
8.
Total outstanding balance associated with loans that are:
On time (and never refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
On time (but have been refinanced) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late (at least 1 payment) 1 - 30 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 31 - 60 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 61 - 90 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 91 - 180 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " 181 - 360 days #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Late " a year or more #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
9. Portfolio-at-risk delinquency rate > 30 days late #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
5.8 Yield vs. Effective Rate
LOAN PRODUCT #1: Dec-96 Dec-97 Dec-98 Dec-99
LIABILITY # 1
Creditor
"Commercial" or
"non-commercial"
Balance outstanding
(US$ equivalent)
Currency in which
payment is due
Interest rate
Amortization
schedule
Details of external
guarantee
Other relevant
information
LIABILITY # 2
Creditor
"Commercial" or
"non-commercial"
Balance outstanding
(US$ equivalent)
Currency in which
payment is due
Interest rate
Amortization
schedule
Details of external
guarantee
Other relevant
information
LIABILITY # 3
Creditor
"Commercial" or
"non-commercial"
Balance outstanding
(US$ equivalent)
Currency in which
payment is due
Interest rate
Amortization
schedule
Details of external
guarantee
Other relevant
information
LIABILITY # 4
Creditor
"Commercial" or
"non-commercial"
Balance outstanding
(US$ equivalent)
Currency in which
payment is due
Interest rate
Amortization
schedule
Details of external
guarantee
Other relevant
information
LIABILITY # 5
Creditor
"Commercial" or
"non-commercial"
Balance outstanding
(US$ equivalent)
Currency in which
payment is due
Interest rate
Amortization
schedule
Details of external
guarantee
Other relevant
information
5.10 Cost of Funds Analysis
Dec-96 Dec-97 Dec-98 Dec-99 Jun-00
1. Interest and Fee Expense - - - - -
2. Average Funding Liabilities #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
3. (1) as a percentage of (2) #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
5.11 Commercial Liabilities