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ANNUAL REPORT 2013 |
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ASSETS, LIABILITIES AND EQUITY |
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Balance Sheet |
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As of
December 31, 2013 |
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ASSETS |
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CURRENT ASSETS |
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Cash - Collecting Officers |
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P
56,190.95 |
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Petty Cash Fund |
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0.00 |
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Cash in Bank - Local Currency, Current
Account |
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649,968.38 |
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Cash in Bank - Local Currency, Savings
Account |
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389,889.10 |
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Account Receivable |
P
2,387,900.59 |
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Allowance for Doubtful Accounts |
(660,978.05) |
1,769.922.54 |
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Due from Officers & Employees |
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0.00 |
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Other Receivables |
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9,874.90 |
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Inventories |
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Office Supplies Inventory |
29,353.12 |
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Accountable Forms Inventory |
26,594.00 |
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Other Supplies Inventory |
318,223.94 |
374,171.06 |
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Prepaid Rent |
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34,000.00 |
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Prepaid Insurance |
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30,817.91 |
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Construction in Progress - Agency Assets |
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316,662.09 |
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Total
Current Assets |
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3,588,496.93 |
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NON-CURRENT
ASSETS |
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Land |
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135,001.00 |
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Land Improvements |
38,047.90 |
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Acc. Depreciation - Land Improvements |
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(4,851.12) |
33,196.78 |
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Water System & Structures |
39,399,301.28 |
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Acc. Depreciation - Water System &
Structures |
(13,305,020.64) |
26,094,280.64 |
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Office Buildings |
2,062,334.80 |
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Acc. Depreciation - Office Buildings |
(834,697.53) |
1,227,637.27 |
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Office Equipment |
237,802.70 |
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Acc. Depreciation - Office Equipment |
(156,669.50) |
81,133.20 |
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Furniture and Fixtures |
283,500.90 |
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Acc. Depreciation - Furniture and Fixtures |
(225,528.31) |
57,972.59 |
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IT
Equipment |
193,130.00 |
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Acc. Depreciation - IT Equipment |
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(93,118.06) |
100,011.94 |
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Machinery |
54,690.00 |
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Acc. Depreciation - Machinery |
(47,639.04) |
7,050.96 |
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Communication Equipment |
17,912.00 |
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Acc. Depreciation - Communication Equipment |
(12,227.80) |
5,684.20 |
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Other Machineries & Equipment |
171,379.77 |
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Acc. Depreciation - Other Machineries &
Equipment |
(149,328.74) |
22,051.03 |
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Motor Vehicles |
227,545.58 |
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Acc. Depreciation - Motor Vehicles |
(170,805.42) |
56,740.16 |
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Other Assets |
257,063.22 |
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Acc. Depreciation - Other Assets |
(240,867.30) |
16,195.92 |
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Total
Non-Current Assets |
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27,836,955.69 |
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TOTAL ASSETS |
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P
31,425,452.62
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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Account Payable |
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230,999.43
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Due to BIR |
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72,363.52 |
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Due to GSIS |
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74,052.20 |
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Due to Pag-ibig |
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22,047.62 |
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Due to Philhealth |
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4,025.00 |
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Guaranty Deposit Payable |
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173,846.50 |
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Other Deferred Credits |
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103.90 |
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Other Payables |
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1,399.46 |
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Total
Current Liabilities |
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578,837.63 |
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NON-CURRENT
LIABILITIES |
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Loans Payable |
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15,762,724.26 |
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Total
Liabilities |
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P
16,341,561.89 |
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EQUITY |
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Retained Earnings |
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14,778,002.71 |
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Net Income (Loss) for the period |
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305,888.02 |
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Total Equity |
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P
15,083,890.73 |
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TOTAL
LIABILITIES AND EQUITY |
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P
31,425,452.62
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