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ANNUAL REPORT 2014

 
     
     
 

ASSETS, LIABILITIES AND EQUITY

 
     
 

Balance Sheet

 
 

As of December 31, 2014

 
 

                            

ASSETS
CURRENT ASSETS    
   Cash - Collecting Officers    P         82,524.50 
   Petty Cash Fund   0.00
   Cash in Bank - Local Currency, Current Account   538,858.15
   Cash in Bank - Local Currency, Savings Account   455,794.62
   Account Receivable  P         2,487,559.16  
   Allowance for Doubtful Accounts           (762,438.53) 1,725,120.63
   Due from Officers & Employees   144.00
   Other Receivables   9,216.45
   Inventories    
       Office Supplies Inventory 33,529.04  
       Accountable Forms Inventory 27,220.00  
       Other Supplies Inventory              371,618.90 432,367.94
   Prepaid Rent   32,000.00
   Prepaid Insurance   36,781.54

Total Current Assets

  3,312,807.83
     
NON-CURRENT ASSETS    
   Land   135,001.00
   Land Improvements 38,047.90  
       Acc. Depreciation - Land Improvements       _      (8,275.43) 29,772.47
   Water System & Structures 40,180,766.47  
       Acc. Depreciation - Water System & Structures       (14,474,448.46) 25,706,318.01
   Office Buildings 2,062,334.80  
       Acc. Depreciation - Office Buildings            (903,381.21) 1,158,953.59
   Office Equipment 243,601.70  
       Acc. Depreciation - Office Equipment            (166,338.46) 77,263.24
   Furniture and Fixtures 285,300.90  
       Acc. Depreciation - Furniture and Fixtures            (235,943.33) 49,357.57
   IT Equipment 200,409.00  
       Acc. Depreciation - IT Equipment       _    (116,535.07) 83,873.93
   Machinery 54,690.00  
       Acc. Depreciation - Machinery              (49,439.04) 5,250.96
   Communication Equipment 17,912.00  
       Acc. Depreciation - Communication Equipment              (13,989.10) 3,922.90
   Other Machineries & Equipment 171,379.77  
       Acc. Depreciation - Other Machineries & Equipment            (155,677.41) 15,702.36
   Motor Vehicles 227,545.58  
       Acc. Depreciation - Motor Vehicles            (185,693.71) 41,851.87
   Other Assets 257,063.22  
       Acc. Depreciation - Other Assets            (240,867.30) 16,195.92
   Construction in Progress - Agency Assets   133,109.85

Total Non-Current Assets

  27,456,573.67
     

TOTAL ASSETS

 
P    30,769,381.50
     
LIABILITIES AND EQUITY
CURRENT LIABILITIES    
   Account Payable   482,818.33 
   Due to BIR   47,598.91
   Due to GSIS   81,955.07
   Due to Pag-ibig   17,684.18
   Due to Philhealth   4,775.00
   Guaranty Deposit Payable   173,846.50
   Other Deferred Credits                   14,378.90

Total Current Liabilities

  823,056.89
     
NON-CURRENT LIABILITIES    
   Loans Payable   15,189,910.13
     

Total Liabilities

  P    16,012,967.02
     
EQUITY    
   Retained Earnings   15,083,890.73
   Net Income (Loss) for the period             (327,476.25)

Total Equity

  P    14,756,414.48
     
     
     

TOTAL LIABILITIES AND EQUITY

 
P    30,769,381.50

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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