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ANNUAL REPORT 2016 |
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ASSETS, LIABILITIES AND EQUITY |
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Balance Sheet |
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As of
December 31, 2016 |
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ASSETS |
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CURRENT ASSETS |
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Cash - Collecting Officers |
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P
47,925.11 |
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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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3,241,506.68 |
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Cash in Bank - Local Currency, Savings
Account |
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827,833.03 |
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Account Receivable |
P
2,598,432.73 |
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Allowance for Doubtful Accounts |
(971,633.11) |
1,626,799.62 |
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Due from Officers & Employees |
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0.00 |
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Due from Other Funds |
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0.00 |
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Other Receivables |
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23,677.38 |
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Inventories |
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Office Supplies Inventory |
36,172.275 |
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Accountable Forms Inventory |
15,655.77 |
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Other Supplies Inventory |
753,069.77 |
804,897.81 |
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Prepaid Rent |
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28,000.00 |
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Prepaid Insurance |
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39,381.60 |
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Other Prepaid Expenses |
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0.00 |
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Guaranty Deposits |
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36,475.87 |
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Total
Current Assets |
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6,676,497.10 |
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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 |
(15,124.05) |
22,923.85 |
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Water System & Structures |
41,402,929.87 |
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Acc. Depreciation - Water system &
Structures |
(16,881,983.60) |
24,520,946.27 |
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Office Buildings |
2,062,334.80 |
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Acc. Depreciation - Office Buildings |
(1,040,748.57) |
1,021,586.23 |
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Office Equipment |
261,918.70 |
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Acc. Depreciation - Office Equipment |
(206,261.84) |
55,656.86 |
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Furniture and Fixtures |
292,542.90 |
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Acc. Depreciation - Furniture and Fixtures |
(253,403.43) |
39,139.47 |
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IT
Equipment |
284,854.00 |
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Acc. Depreciation - IT Equipment |
(165,842.71) |
119,011.29 |
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Machinery |
67,385.00 |
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Acc. Depreciation - Machinery |
(53,206.97) |
14,178.03 |
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Communication Equipment |
17,912.00 |
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Acc. Depreciation - Communication Equipment |
(16,762.45) |
1,149.55 |
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Other Machineries & Equipment |
190,814.77 |
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Acc. Depreciation - Other Machineries &
Equipment |
(159,742.57) |
31,072.20 |
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Motor Vehicles |
311,440.58 |
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Acc. Depreciation - Motor Vehicles |
(211,982.06) |
99,458.52 |
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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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8,617,996.09 |
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Total
Non-Current Assets |
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34,694,315.28 |
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TOTAL ASSETS |
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P
41,370,812.38
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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Accounts Payable |
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97,664.93 |
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Due to BIR |
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113,476.52 |
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Due to GSIS |
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89,564.38 |
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Due to Pag-ibig |
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26,624.80 |
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Due to Philhealth |
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4,725.00 |
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Due to LGU |
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55,260.00 |
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Guaranty Deposit Payable |
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247,541.98 |
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Performance/Bidders Bonds Payable |
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7,133.00 |
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Other Payable |
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0.00 |
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Other Deferred Credits |
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75,545.30 |
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Total
Current Liabilities |
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714,535.91 |
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NON-CURRENT
LIABILITIES |
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Loans Payable |
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17,917,929.63 |
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Total
Liabilities |
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P
18,632,465.54 |
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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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15,528,819.90 |
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Net Income (Loss) for the period |
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2,684,536.44 |
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Total Equity |
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P
22,738,346.84 |
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TOTAL
LIABILITIES AND EQUITY |
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P
41,370,812.38
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