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ANNUAL REPORT 2013

 
     
     
 

ASSETS, LIABILITIES AND EQUITY

 
     
 

Balance Sheet

 
 

As of December 31, 2013

 
 

                            

ASSETS
CURRENT ASSETS    
   Cash - Collecting Officers    P         56,190.95 
   Petty Cash Fund   0.00
   Cash in Bank - Local Currency, Current Account   649,968.38
   Cash in Bank - Local Currency, Savings Account   389,889.10
   Account Receivable  P         2,387,900.59  
   Allowance for Doubtful Accounts           (660,978.05) 1,769.922.54
   Due from Officers & Employees   0.00
   Other Receivables   9,874.90
   Inventories    
       Office Supplies Inventory 29,353.12  
       Accountable Forms Inventory 26,594.00  
       Other Supplies Inventory              318,223.94 374,171.06
   Prepaid Rent   34,000.00
   Prepaid Insurance   30,817.91
   Construction in Progress - Agency Assets   316,662.09

Total Current Assets

  3,588,496.93
     
NON-CURRENT ASSETS    
   Land   135,001.00
   Land Improvements 38,047.90  
       Acc. Depreciation - Land Improvements       _      (4,851.12) 33,196.78
   Water System & Structures 39,399,301.28  
       Acc. Depreciation - Water System & Structures       (13,305,020.64) 26,094,280.64
   Office Buildings 2,062,334.80  
       Acc. Depreciation - Office Buildings            (834,697.53) 1,227,637.27
   Office Equipment 237,802.70  
       Acc. Depreciation - Office Equipment            (156,669.50) 81,133.20
   Furniture and Fixtures 283,500.90  
       Acc. Depreciation - Furniture and Fixtures            (225,528.31) 57,972.59
   IT Equipment 193,130.00  
       Acc. Depreciation - IT Equipment       _     (93,118.06) 100,011.94
   Machinery 54,690.00  
       Acc. Depreciation - Machinery              (47,639.04) 7,050.96
   Communication Equipment 17,912.00  
       Acc. Depreciation - Communication Equipment              (12,227.80) 5,684.20
   Other Machineries & Equipment 171,379.77  
       Acc. Depreciation - Other Machineries & Equipment            (149,328.74) 22,051.03
   Motor Vehicles 227,545.58  
       Acc. Depreciation - Motor Vehicles            (170,805.42) 56,740.16
   Other Assets 257,063.22  
       Acc. Depreciation - Other Assets            (240,867.30) 16,195.92

Total Non-Current Assets

  27,836,955.69
     

TOTAL ASSETS

 
P    31,425,452.62
     
LIABILITIES AND EQUITY
CURRENT LIABILITIES    
   Account Payable   230,999.43 
   Due to BIR   72,363.52
   Due to GSIS   74,052.20
   Due to Pag-ibig   22,047.62
   Due to Philhealth   4,025.00
   Guaranty Deposit Payable   173,846.50
   Other Deferred Credits                    103.90
   Other Payables                  1,399.46

Total Current Liabilities

  578,837.63
     
NON-CURRENT LIABILITIES    
   Loans Payable   15,762,724.26
     

Total Liabilities

  P    16,341,561.89
     
EQUITY    
   Retained Earnings   14,778,002.71
   Net Income (Loss) for the period             305,888.02

Total Equity

  P    15,083,890.73
     
     
     

TOTAL LIABILITIES AND EQUITY

 
P    31,425,452.62

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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