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ANNUAL REPORT 2018 |
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ASSETS, LIABILITIES AND EQUITY |
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Balance Sheet |
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As of
December 31, 2018 |
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ASSETS |
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CURRENT ASSETS |
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Cash and Cash Equivalents |
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Cash - Collecting Officers |
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P
1,654.38 |
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Petty Cash |
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0.00 |
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Cash in Bank - Local Currency, Current
Account |
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5,021,706.55 |
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Cash in Bank - Local Currency, Savings
Account |
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2,030,831.91 |
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7,054,192.84 |
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Receivables |
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Accounts Receivable |
P
2,430,360.42 |
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Allowance for Doubtful Accounts |
(105,180.70) |
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Net Value - Accounts Receivable |
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2,325,179.72 |
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Due from Other Funds |
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0.00 |
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Receivables - Disallowances/Charges |
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57,976.00 |
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Other Receivables |
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45,346.98 |
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2,428,502.70 |
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Inventories |
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Office Supplies Inventory |
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64,615.37 |
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Accountable Forms, Plates and Stickers
Inventory |
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29,374.53 |
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Chemical
and Filtering Supplies Inventory |
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12,311.01 |
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Other Supplies
and Materials Inventory |
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740,998.56 |
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847,299.47 |
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Advances |
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Advances for Payroll |
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0.00 |
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0.00 |
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Prepayments |
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Prepaid Rent |
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24,000.00 |
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Prepaid Insurance |
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41,949.44 |
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Guaranty Deposits |
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36,475.87 |
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102,425.31 |
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TOTAL
CURRENT ASSETS |
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10,432,420.32 |
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NON-CURRENT
ASSETS |
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PROPERTY, PLANT AND EQUIPMENT |
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Land |
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Land |
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338,194.50 |
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Land
Improvements |
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Other Land Improvements |
38,047.90 |
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Accumulated Depreciation -
Other Land Improvements |
(21,972.67) |
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Net Value - Other Land Improvements |
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16,075.23 |
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Infrastructure Assets |
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Water Supply Systems |
50,206,436.88 |
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Accumulated Depreciation - Water
Supply Systems |
(19,362,138.25) |
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Net Value - Water Supply Systems |
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30,844,298.63 |
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Buildings and Other
Structures |
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Buildings |
2,061,298.80 |
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Accumulated Depreciation - Buildings |
(1,177,639.10) |
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Net Value - Buildings |
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883,659.70 |
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Machinery and Equipment |
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Office Equipment |
189,136.55 |
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Accumulated Depreciation - Office Equipment |
(108,958.90) |
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Net Value - Office Equipment |
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80,177.65 |
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Information
and Communication Technology
Equipment |
331,335.02 |
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Acc. Depreciation - ICT Equipment |
(254,760.02) |
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Net Value - ICT Equipment |
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76,575.00 |
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Communication
Equipment |
0.00 |
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Acc. Depreciation -
Communication Equipment |
(0.00) |
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Net Value - Communication Equipment |
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0.00 |
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Other Machinery and Equipment |
403,908.00 |
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Acc. Depreciation - Other Machinery
and
Equipment |
(70,054.04) |
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Net Value - Other Machinery and Equipment |
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333,853.96 |
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Transportation Equipment |
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Motor Vehicles |
454,538.00 |
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Accumulated Depreciation -
Transportation Equipment |
(245,509.90) |
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Net Value - Transportation Equipment |
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209,028.10 |
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Furniture,
Fixtures and Books |
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Furniture and Fixtures |
124,753.90 |
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Accumulated Depreciation -
Furniture and Fixtures |
(124,753.90) |
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Net Value - Furniture and Fixtures |
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0.00 |
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Construction in Progress |
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Construction in Progress - Infrastructure Assets |
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2,558,150.96 |
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TOTAL
NON-CURRENT ASSETS |
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35,340,013.73 |
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TOTAL ASSETS |
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P
45,772,434.05
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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FINANCIAL LIABILITIES |
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Payables |
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Accounts Payable |
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182,964.85 |
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Due to Officers and Employees |
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0.00 |
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182,964.85 |
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Inter-Agency Payables |
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Due to BIR |
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116,299.35 |
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Due to GSIS |
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113,427.65 |
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Due to Pag-ibig |
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13,177.48 |
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Due to Philhealth |
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7,955.54 |
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Due to LGUs |
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122,850.00 |
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373,710.02 |
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Trust
Liabilities |
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Guaranty/Security Deposits Payable |
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14,984.56 |
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Customer's Deposits Payable |
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173,846.50 |
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188,831.06 |
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DEFERRED CREDITS/UNEARNED INCOME |
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Deferred Credits |
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Other Deferred Credits |
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51,270.30 |
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TOTAL
CURRENT LIABILITIES |
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796,776.23 |
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NON-CURRENT
LIABILITIES |
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FINANCIAL LIABILITIES |
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Bill/Bond/Loans Payable |
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Loans Payable
- Domestic |
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16,920,625.12 |
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TOTAL
LIABILITIES |
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P
17,717,401.35 |
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EQUITY |
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RETAINED
EARNINGS (DEFICIT) |
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Retained Earnings (Deficit), Beginning |
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25,465,138.12 |
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Net Income for the Period |
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2,589,894.58 |
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28,055,032.70 |
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TOTAL
EQUITY |
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P
28,055,032.70 |
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TOTAL
LIABILITIES AND EQUITY |
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P
45,772,434.05
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