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ANNUAL REPORT 2015 |
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ASSETS, LIABILITIES AND EQUITY |
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Balance Sheet |
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As of
December 31, 2015 |
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ASSETS |
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CURRENT ASSETS |
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Cash - Collecting Officers |
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P
19,584.47 |
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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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1,410,628.20 |
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Cash in Bank - Local Currency, Savings
Account |
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507,285.70 |
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Account Receivable |
P
2,497,225.36 |
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Allowance for Doubtful Accounts |
(866,311.70) |
1,630,913.66 |
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Due from Officers & Employees |
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0.00 |
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Other Receivables |
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8,887.38 |
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Inventories |
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Office Supplies Inventory |
28,561.45 |
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Accountable Forms Inventory |
45,007.00 |
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Other Supplies Inventory |
414,274.26 |
487,842.71 |
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Prepaid Rent |
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30,000.00 |
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Prepaid Insurance |
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36,556.56 |
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Advances to Contractors |
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162,644.45 |
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Total
Current Assets |
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4,294,343.13 |
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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 |
(11,699.74) |
26,348.16 |
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Water System & Structures |
41,094,858.57 |
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Acc. Depreciation - Water system &
Structures |
(15,667,362.99) |
25,427,495.58 |
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Office Buildings |
2,062,334.80 |
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Acc. Depreciation - Office Buildings |
(972,064.89) |
1,090,269.91 |
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Office Equipment |
255,251.70 |
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Acc. Depreciation - Office Equipment |
(189,643.41) |
65,608.29 |
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Furniture and Fixtures |
285,300.90 |
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Acc. Depreciation - Furniture and Fixtures |
(244,988.32) |
40,312.58 |
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IT
Equipment |
200,409.00 |
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Acc. Depreciation - IT Equipment |
(139,580.89) |
60,828.11 |
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Machinery |
67,385.00 |
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Acc. Depreciation - Machinery |
(50,921.87) |
16,463.13 |
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Communication Equipment |
17,912.00 |
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Acc. Depreciation - Communication Equipment |
(15,750.40) |
2,161.60 |
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Other Machineries & Equipment |
171,379.77 |
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Acc. Depreciation - Other Machineries &
Equipment |
(158,857.25) |
12,522.52 |
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Motor Vehicles |
227,545.58 |
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Acc. Depreciation - Motor Vehicles |
(198,425.24) |
29,120.34 |
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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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4,520,073.42 |
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Total
Non-Current Assets |
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31,442,400.56 |
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TOTAL ASSETS |
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P
35,736,743.69
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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Account Payable |
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331,017.99
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Due to BIR |
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152,347.25 |
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Due to GSIS |
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72,765.34 |
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Due to Pag-ibig |
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20,065.98 |
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Due to Philhealth |
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3,600.00 |
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Guaranty Deposit Payable |
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291,206.80 |
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Other Deferred Credits |
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51,852.30 |
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Total
Current Liabilities |
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922,855.66 |
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NON-CURRENT
LIABILITIES |
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Loans Payable |
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14,760,077.63 |
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Total
Liabilities |
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P
15,682,933.29 |
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EQUITY |
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Donated Capital |
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4,524,990.50 |
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Retained Earnings |
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14,756,414.48 |
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Net Income (Loss) for the period |
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772,405.42 |
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Total Equity |
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P
20,053,810.40 |
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TOTAL
LIABILITIES AND EQUITY |
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P
35,736,743.69
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