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ANNUAL REPORT 2016

 
     
     
 

ASSETS, LIABILITIES AND EQUITY

 
     
 

Balance Sheet

 
 

As of December 31, 2016

 
 

                            

ASSETS
CURRENT ASSETS    
   Cash - Collecting Officers    P         47,925.11 
   Petty Cash Fund   0.00
   Cash in Bank - Local Currency, Current Account   3,241,506.68
   Cash in Bank - Local Currency, Savings Account   827,833.03
   Account Receivable  P         2,598,432.73  
   Allowance for Doubtful Accounts           (971,633.11) 1,626,799.62
   Due from Officers & Employees   0.00
   Due from Other Funds   0.00
   Other Receivables   23,677.38
   Inventories    
       Office Supplies Inventory 36,172.275  
       Accountable Forms Inventory 15,655.77  
       Other Supplies Inventory              753,069.77 804,897.81
   Prepaid Rent   28,000.00
   Prepaid Insurance   39,381.60
   Other Prepaid Expenses   0.00
   Guaranty Deposits   36,475.87

Total Current Assets

  6,676,497.10
     
NON-CURRENT ASSETS    
   Land   135,001.00
   Land Improvements 38,047.90  
       Acc. Depreciation - Land Improvements             (15,124.05) 22,923.85
   Water System & Structures 41,402,929.87  
       Acc. Depreciation - Water system & Structures       (16,881,983.60) 24,520,946.27
   Office Buildings 2,062,334.80  
       Acc. Depreciation - Office Buildings         (1,040,748.57) 1,021,586.23
   Office Equipment 261,918.70  
       Acc. Depreciation - Office Equipment            (206,261.84) 55,656.86
   Furniture and Fixtures 292,542.90  
       Acc. Depreciation - Furniture and Fixtures            (253,403.43) 39,139.47
   IT Equipment 284,854.00  
       Acc. Depreciation - IT Equipment            (165,842.71) 119,011.29
   Machinery 67,385.00  
       Acc. Depreciation - Machinery              (53,206.97) 14,178.03
   Communication Equipment 17,912.00  
       Acc. Depreciation - Communication Equipment              (16,762.45) 1,149.55
   Other Machineries & Equipment 190,814.77  
       Acc. Depreciation - Other Machineries & Equipment            (159,742.57) 31,072.20
   Motor Vehicles 311,440.58  
       Acc. Depreciation - Motor Vehicles            (211,982.06) 99,458.52
   Other Assets 257,063.22  
       Acc. Depreciation - Other Assets            (240,867.30) 16,195.92
   Construction in Progress - Agency Assets   8,617,996.09

Total Non-Current Assets

  34,694,315.28
     

TOTAL ASSETS

 
P    41,370,812.38
     
LIABILITIES AND EQUITY
CURRENT LIABILITIES    
   Accounts Payable   97,664.93
   Due to BIR   113,476.52
   Due to GSIS   89,564.38
   Due to Pag-ibig   26,624.80
   Due to Philhealth   4,725.00
   Due to LGU   55,260.00
   Guaranty Deposit Payable   247,541.98
   Performance/Bidders Bonds Payable   7,133.00
   Other Payable   0.00
   Other Deferred Credits               75,545.30

Total Current Liabilities

  714,535.91
     
NON-CURRENT LIABILITIES    
   Loans Payable   17,917,929.63
     

Total Liabilities

  P    18,632,465.54
     
EQUITY    
   Donated Capital            4,524,990.50
   Retained Earnings   15,528,819.90
   Net Income (Loss) for the period           2,684,536.44

Total Equity

  P    22,738,346.84
     
     
     

TOTAL LIABILITIES AND EQUITY

 
P    41,370,812.38

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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