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ANNUAL REPORT 2015

 
     
     
 

ASSETS, LIABILITIES AND EQUITY

 
     
 

Balance Sheet

 
 

As of December 31, 2015

 
 

                            

ASSETS
CURRENT ASSETS    
   Cash - Collecting Officers    P         19,584.47 
   Petty Cash Fund   0.00
   Cash in Bank - Local Currency, Current Account   1,410,628.20
   Cash in Bank - Local Currency, Savings Account   507,285.70
   Account Receivable  P         2,497,225.36  
   Allowance for Doubtful Accounts           (866,311.70) 1,630,913.66
   Due from Officers & Employees   0.00
   Other Receivables   8,887.38
   Inventories    
       Office Supplies Inventory 28,561.45  
       Accountable Forms Inventory 45,007.00  
       Other Supplies Inventory              414,274.26 487,842.71
   Prepaid Rent   30,000.00
   Prepaid Insurance   36,556.56
   Advances to Contractors   162,644.45

Total Current Assets

  4,294,343.13
     
NON-CURRENT ASSETS    
   Land   135,001.00
   Land Improvements 38,047.90  
       Acc. Depreciation - Land Improvements             (11,699.74) 26,348.16
   Water System & Structures 41,094,858.57  
       Acc. Depreciation - Water system & Structures       (15,667,362.99) 25,427,495.58
   Office Buildings 2,062,334.80  
       Acc. Depreciation - Office Buildings            (972,064.89) 1,090,269.91
   Office Equipment 255,251.70  
       Acc. Depreciation - Office Equipment            (189,643.41) 65,608.29
   Furniture and Fixtures 285,300.90  
       Acc. Depreciation - Furniture and Fixtures            (244,988.32) 40,312.58
   IT Equipment 200,409.00  
       Acc. Depreciation - IT Equipment            (139,580.89) 60,828.11
   Machinery 67,385.00  
       Acc. Depreciation - Machinery              (50,921.87) 16,463.13
   Communication Equipment 17,912.00  
       Acc. Depreciation - Communication Equipment              (15,750.40) 2,161.60
   Other Machineries & Equipment 171,379.77  
       Acc. Depreciation - Other Machineries & Equipment            (158,857.25) 12,522.52
   Motor Vehicles 227,545.58  
       Acc. Depreciation - Motor Vehicles            (198,425.24) 29,120.34
   Other Assets 257,063.22  
       Acc. Depreciation - Other Assets            (240,867.30) 16,195.92
   Construction in Progress - Agency Assets   4,520,073.42

Total Non-Current Assets

  31,442,400.56
     

TOTAL ASSETS

 
P    35,736,743.69
     
LIABILITIES AND EQUITY
CURRENT LIABILITIES    
   Account Payable   331,017.99 
   Due to BIR   152,347.25
   Due to GSIS   72,765.34
   Due to Pag-ibig   20,065.98
   Due to Philhealth   3,600.00
   Guaranty Deposit Payable   291,206.80
   Other Deferred Credits               51,852.30

Total Current Liabilities

  922,855.66
     
NON-CURRENT LIABILITIES    
   Loans Payable   14,760,077.63
     

Total Liabilities

  P    15,682,933.29
     
EQUITY    
   Donated Capital            4,524,990.50
   Retained Earnings   14,756,414.48
   Net Income (Loss) for the period             772,405.42

Total Equity

  P    20,053,810.40
     
     
     

TOTAL LIABILITIES AND EQUITY

 
P    35,736,743.69

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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