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ANNUAL REPORT 2017

 
     
     
 

ASSETS, LIABILITIES AND EQUITY

 
     
 

Balance Sheet

 
 

As of December 31, 2017

 
 

                            

ASSETS
CURRENT ASSETS    
   Cash - Collecting Officers    P         64,094.44 
   Cash in Bank - Local Currency, Current Account   4,824,485.74
   Cash in Bank - Local Currency, Savings Account   1,429,437.85
   Account Receivable  P         2,323,101.70  
   Allowance for Doubtful Accounts          (1,076,038.42) 1,247,063.28
   Due from Officers & Employees   0.00
   Due from Other Funds   107,210.00
   Receivables - Disallowances/Charges   84,976.00
   Other Receivables   34,497.38
   Inventories    
       Office Supplies Inventory 56,872.90  
       Accountable Forms Inventory 20,917.70  
       Other Supplies Inventory              560,347.99 638,138.59
   Prepaid Rent   26,000.00
   Prepaid Insurance   43,328.04
   Guaranty Deposits   36,475.87

Total Current Assets

  8,535,707.19
     
NON-CURRENT ASSETS    
   Land   135,001.00
   Land Improvements 38,047.90  
       Acc. Depreciation - Land Improvements             (18,548.36) 19,499.54
   Water System & Structures 41,753,772.08  
       Acc. Depreciation - Water system & Structures       (18,115,929.30) 23,637,842.78
   Office Buildings 2,061,298.80  
       Acc. Depreciation - Office Buildings         (1,108,987.58) 952,311.22
   Office Equipment 186,293.55  
       Acc. Depreciation - Office Equipment            (86,899.30) 99,394.25
   Furniture and Fixtures 124,753.90  
       Acc. Depreciation - Furniture and Fixtures            (124,753.90) 0.00
   IT Equipment 302,340.02  
       Acc. Depreciation - IT Equipment            (240,237.62) 62,102.40
   Other Machineries & Equipment 75,055.00  
       Acc. Depreciation - Other Machineries & Equipment            (70,054.04) 5,000.96
   Motor Vehicles 314,738.00  
       Acc. Depreciation - Motor Vehicles            (225,736.24) 89,001.76
   Construction in Progress - Agency Assets   8,657,983.88

Total Non-Current Assets

  33,658,137.79
     

TOTAL ASSETS

 
P    42,193,844.98
     
LIABILITIES AND EQUITY
CURRENT LIABILITIES    
   Accounts Payable   76,737.76
   Due to BIR   86,965.59
   Due to GSIS   101,934.98
   Due to Pag-ibig   15,044.53
   Due to Philhealth   4,875.00
   Due to LGU   113,150.00
   Guaranty Deposit Payable   191,464.65
   Other Deferred Credits               37,595.30

Total Current Liabilities

  627,767.81
     
NON-CURRENT LIABILITIES    
   Loans Payable   16,730,914.63
     

Total Liabilities

  P    17,358,682.44
     
EQUITY    
   Retained Earnings   24,835,162.54

Total Equity

  P    24,835,162.54
     
     
     

TOTAL LIABILITIES AND EQUITY

 
P    42,193,844.98

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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