The new audited financial statements of ADFIAP show that the Association’s financial resources have reached the one million dollar mark, a milestone in ADFIAP’s quest for a more stable and sustainable organization. As of December 31, 2010, the total assets of the Association have been recorded at US$ 1,017,608.

The financial statements for the year ended December 31, 2010 are the Association’s first financial statements prepared in accordance with the Philippine Financial Reporting Standards PFRS for Small and Medium-sized Entities. For all periods up to and including December 31, 2008, the Association prepared its financial statements in accordance with generally accepted accounting principles applicable to non-publicly accountable entities (previously GAAP).