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ANNUAL REPORT 2014 |
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ASSETS, LIABILITIES AND EQUITY |
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Balance Sheet |
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As of
December 31, 2014 |
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ASSETS |
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CURRENT ASSETS |
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Cash - Collecting Officers |
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P
82,524.50 |
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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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538,858.15 |
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Cash in Bank - Local Currency, Savings
Account |
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455,794.62 |
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Account Receivable |
P
2,487,559.16 |
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Allowance for Doubtful Accounts |
(762,438.53) |
1,725,120.63 |
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Due from Officers & Employees |
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144.00 |
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Other Receivables |
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9,216.45 |
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Inventories |
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Office Supplies Inventory |
33,529.04 |
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Accountable Forms Inventory |
27,220.00 |
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Other Supplies Inventory |
371,618.90 |
432,367.94 |
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Prepaid Rent |
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32,000.00 |
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Prepaid Insurance |
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36,781.54 |
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Total
Current Assets |
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3,312,807.83 |
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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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(8,275.43) |
29,772.47 |
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Water System & Structures |
40,180,766.47 |
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Acc. Depreciation - Water System &
Structures |
(14,474,448.46) |
25,706,318.01 |
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Office Buildings |
2,062,334.80 |
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Acc. Depreciation - Office Buildings |
(903,381.21) |
1,158,953.59 |
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Office Equipment |
243,601.70 |
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Acc. Depreciation - Office Equipment |
(166,338.46) |
77,263.24 |
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Furniture and Fixtures |
285,300.90 |
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Acc. Depreciation - Furniture and Fixtures |
(235,943.33) |
49,357.57 |
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IT
Equipment |
200,409.00 |
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Acc. Depreciation - IT Equipment |
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(116,535.07) |
83,873.93 |
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Machinery |
54,690.00 |
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Acc. Depreciation - Machinery |
(49,439.04) |
5,250.96 |
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Communication Equipment |
17,912.00 |
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Acc. Depreciation - Communication Equipment |
(13,989.10) |
3,922.90 |
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Other Machineries & Equipment |
171,379.77 |
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Acc. Depreciation - Other Machineries &
Equipment |
(155,677.41) |
15,702.36 |
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Motor Vehicles |
227,545.58 |
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Acc. Depreciation - Motor Vehicles |
(185,693.71) |
41,851.87 |
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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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Construction in Progress - Agency Assets |
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133,109.85 |
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Total
Non-Current Assets |
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27,456,573.67 |
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TOTAL ASSETS |
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P
30,769,381.50
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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Account Payable |
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482,818.33
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Due to BIR |
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47,598.91 |
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Due to GSIS |
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81,955.07 |
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Due to Pag-ibig |
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17,684.18 |
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Due to Philhealth |
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4,775.00 |
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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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14,378.90 |
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Total
Current Liabilities |
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823,056.89 |
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NON-CURRENT
LIABILITIES |
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Loans Payable |
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15,189,910.13 |
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Total
Liabilities |
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P
16,012,967.02 |
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EQUITY |
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Retained Earnings |
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15,083,890.73 |
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Net Income (Loss) for the period |
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(327,476.25) |
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Total Equity |
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P
14,756,414.48 |
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TOTAL
LIABILITIES AND EQUITY |
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P
30,769,381.50
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