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ANNUAL REPORT 2017 |
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ASSETS, LIABILITIES AND EQUITY |
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Balance Sheet |
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As of
December 31, 2017 |
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ASSETS |
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CURRENT ASSETS |
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Cash - Collecting Officers |
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P
64,094.44 |
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Cash in Bank - Local Currency, Current
Account |
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4,824,485.74 |
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Cash in Bank - Local Currency, Savings
Account |
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1,429,437.85 |
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Account Receivable |
P
2,323,101.70 |
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Allowance for Doubtful Accounts |
(1,076,038.42) |
1,247,063.28 |
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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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107,210.00 |
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Receivables - Disallowances/Charges |
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84,976.00 |
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Other Receivables |
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34,497.38 |
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Inventories |
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Office Supplies Inventory |
56,872.90 |
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Accountable Forms Inventory |
20,917.70 |
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Other Supplies Inventory |
560,347.99 |
638,138.59 |
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Prepaid Rent |
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26,000.00 |
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Prepaid Insurance |
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43,328.04 |
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Guaranty Deposits |
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36,475.87 |
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Total
Current Assets |
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8,535,707.19 |
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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 |
(18,548.36) |
19,499.54 |
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Water System & Structures |
41,753,772.08 |
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Acc. Depreciation - Water system &
Structures |
(18,115,929.30) |
23,637,842.78 |
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Office Buildings |
2,061,298.80 |
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Acc. Depreciation - Office Buildings |
(1,108,987.58) |
952,311.22 |
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Office Equipment |
186,293.55 |
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Acc. Depreciation - Office Equipment |
(86,899.30) |
99,394.25 |
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Furniture and Fixtures |
124,753.90 |
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Acc. Depreciation - Furniture and Fixtures |
(124,753.90) |
0.00 |
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IT
Equipment |
302,340.02 |
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Acc. Depreciation - IT Equipment |
(240,237.62) |
62,102.40 |
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Other Machineries & Equipment |
75,055.00 |
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Acc. Depreciation - Other Machineries &
Equipment |
(70,054.04) |
5,000.96 |
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Motor Vehicles |
314,738.00 |
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Acc. Depreciation - Motor Vehicles |
(225,736.24) |
89,001.76 |
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Construction in Progress - Agency Assets |
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8,657,983.88 |
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Total
Non-Current Assets |
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33,658,137.79 |
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TOTAL ASSETS |
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P
42,193,844.98
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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Accounts Payable |
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76,737.76 |
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Due to BIR |
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86,965.59 |
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Due to GSIS |
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101,934.98 |
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Due to Pag-ibig |
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15,044.53 |
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Due to Philhealth |
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4,875.00 |
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Due to LGU |
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113,150.00 |
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Guaranty Deposit Payable |
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191,464.65 |
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Other Deferred Credits |
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37,595.30 |
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Total
Current Liabilities |
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627,767.81 |
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NON-CURRENT
LIABILITIES |
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Loans Payable |
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16,730,914.63 |
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Total
Liabilities |
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P
17,358,682.44 |
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EQUITY |
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Retained Earnings |
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24,835,162.54 |
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Total Equity |
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P
24,835,162.54 |
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TOTAL
LIABILITIES AND EQUITY |
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P
42,193,844.98
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