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ANNUAL REPORT 2020

 
     
     
 

ASSETS, LIABILITIES AND EQUITY

 
     
 

Balance Sheet

 
 

As of December 31, 2020

 
 

                            

ASSETS
CURRENT ASSETS    
   Cash and Cash Equivalents    
   Cash - Collecting Officers   P             76,585.52 
   Petty Cash    0.00
   Cash in Bank - Local Currency, Current Account   4,003,743.32
   Cash in Bank - Local Currency, Savings Account             3,034,501.11

 

  7,114,829.95
   Receivables    
   Accounts Receivable  P         2,977,654.59  
   Allowance for Impairment-Accounts Receivable          (115,643.21)  
   Net Value - Accounts Receivable   2,862,011.38
   Due from Other Funds   0.00
   Receivables - Disallowances/Charges   25,770.00
   Other Receivables                 59,807.38

  

  2,947,588.76
   Inventories    
   Office Supplies Inventory   46,339.17
   Accountable Forms, Plates and Stickers Inventory     78,521.02
   Chemical and Filtering Supplies Inventory     29,475.38
   Other Supplies and Materials Inventory   521,282.40
   Semi-Expendable Other Machinery and Equipment                0.00

  

  675,617.97
   Advances    
   Advances for Payroll                          0.00

  

  0.00
   Prepayments    
   Prepaid Rent   20,000.00
   Prepaid Insurance   50,099.68
    Guaranty Deposits   74,182.92
   Other Prepayment                          0.00

 

  144,282.60
     

TOTAL CURRENT ASSETS

  10,882,319.28
     
NON-CURRENT ASSETS    
 PROPERTY, PLANT AND EQUIPMENT    
   Land    
   Land   338,975.50
   Land Improvements    
   Other Land Improvements 38,047.90  
   Accumulated Depreciation - Other Land Improvements             (28,821.29)  
   Net Value - Other Land Improvements   9,226.61
   Infrastructure Assets    
   Water Supply Systems 53,408,763.88  
   Accumulated Depreciation - Water Supply Systems       (22,536,861.38)  
   Other Infrastructure Assets   0.00
   Net Value - Water Supply Systems   30,871,902.50
   Buildings and Other Structures    
   Buildings 2,114,407.80  
   Accumulated Depreciation - Buildings         (1,301,317.04)  
   Net Value - Buildings   813,090.76
   Machinery and Equipment    
   Office Equipment 189,136.55  
   Accumulated Depreciation - Office Equipment            (141,652.30)  
   Net Value - Office Equipment   47,484.25
   Information and Communication Technology Equipment 353,325.02  
   Acc. Depreciation - ICT Equipment            (290,837.87)  
   Net Value - ICT Equipment   62,487.15
   Other Machinery and Equipment 403,908.00  
   Acc. Depreciation - Other Machinery and Equipment            (188,441.12)  
   Net Value - Other Machinery and Equipment   215,466.88
   Transportation Equipment    
   Motor Vehicles 454,538.00  
   Accumulated Depreciation - Transportation Equipment            (303,031.48)  
   Net Value - Transportation Equipment   151,506.52
   Furniture, Fixtures and Books    
   Furniture and Fixtures 124,753.90  
   Accumulated Depreciation - Furniture and Fixtures            (124,753.90)  
   Net Value - Furniture and Fixtures   0.00
   Construction in Progress    
   Construction in Progress - Infrastructure Assets   380,525.89
     

TOTAL NON-CURRENT ASSETS

  32,890,666.06
     

TOTAL ASSETS

 
P    43,772,985.34
     
LIABILITIES AND EQUITY
CURRENT LIABILITIES    
 FINANCIAL LIABILITIES    
   Payables    
   Accounts Payable   74,711.27
   Due to Officers and Employees                         0.00
     74,711.27
   Inter-Agency Payables    
   Due to BIR   112,571.80
   Due to GSIS   9,677.48
   Due to Pag-ibig   10,456.85
   Due to Philhealth   0.01
   Due to LGUs               146,550.00
     279,256.14
   Trust Liabilities    
   Guaranty/Security Deposits Payable   14,103.78
   Customer's Deposits Payable               173,846.50
     187,950.28
 DEFERRED CREDITS/UNEARNED INCOME    
   Deferred Credits    
   Other Deferred Credits                141.90
     

TOTAL CURRENT LIABILITIES

  542,059.59
     
NON-CURRENT LIABILITIES    
   FINANCIAL LIABILITIES    
   Bill/Bond/Loans Payable    
      Loans Payable - Domestic   14,603,805.00
     

TOTAL LIABILITIES

  P    15,145,864.59
     
     
EQUITY    
   RETAINED EARNINGS (DEFICIT)    
   Retained Earnings (Deficit), Beginning   27,318,283.73
   Net Income for the Period            1,308,837.02
         28,627,120.75
     

TOTAL EQUITY

  P    28,627,120.75
     
     

TOTAL LIABILITIES AND EQUITY

 
P    43,772,985.34

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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