| |
|
|
|
|
|
|
|
|
|
|
 |
ANNUAL REPORT 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS, LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
Statement of
Financial Position |
|
|
|
As of
December 31, 2022 |
|
|
|
|
ASSETS |
|
CURRENT ASSETS |
|
|
|
Cash and Cash Equivalents |
|
|
|
Cash - Collecting Officers |
|
P 23,093.55 |
|
Petty Cash |
|
12,000.00 |
|
Cash in Bank - Local Currency, Current
Account |
|
4,883,154.39 |
|
Cash in Bank - Local Currency, Savings
Account |
|
4,237,383.44 |
|
|
|
9,155,631.38 |
|
Receivables |
|
|
|
Accounts Receivable |
P
2,798,543.09 |
|
|
Allowance for Impairment-Accounts Receivable |
(124,671.32) |
|
|
Net Value - Accounts Receivable |
|
2,673,871.77 |
|
Due from Other Funds |
|
0.00 |
|
Receivables - Disallowances/Charges |
|
23,020.00 |
|
Other Receivables |
|
55,567.38 |
|
|
|
2,752,159.15 |
|
Inventories |
|
|
|
Office Supplies Inventory |
|
45,035.47 |
|
Accountable Forms, Plates and Stickers
Inventory |
|
131,048.27 |
|
Chemical
and Filtering Supplies Inventory |
|
68,774.23 |
|
Supplies and Materials
for Water System Operations |
|
672,225.94 |
|
Semi-Expendable Other Machinery and
Equipment |
|
1,755.00 |
|
Semi-Expendable
Furniture and Fixtures |
|
5,825.00 |
|
|
|
924,663.91 |
|
Prepayments |
|
|
|
Prepaid Rent |
|
16,000.00 |
|
Prepaid Insurance |
|
11,258.35 |
|
Guaranty
Deposits |
|
74,182.92 |
|
Other Prepayment |
|
0.00 |
|
|
|
101,441.27 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
|
12,933,895.71 |
| |
|
|
|
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 |
(34,243.11) |
|
|
Net Value - Other Land Improvements |
|
3,804.79 |
|
Infrastructure Assets |
|
|
|
Water Supply Systems |
54,087,753.92 |
|
|
Accumulated Depreciation - Water
Supply Systems |
(25,647,680.00) |
|
|
Other Infrastructure Assets |
|
0.00 |
|
Net Value - Water Supply Systems |
|
28,440,073.92 |
|
Buildings and Other
Structures |
|
|
|
Buildings |
2,219,823.30 |
|
|
Accumulated Depreciation - Buildings |
(1,432,227.88) |
|
|
Net Value - Buildings |
|
787,595.42 |
|
Machinery and Equipment |
|
|
|
Information
and Communication Technology
Equipment |
60,450.02 |
|
|
Acc. Depreciation - ICT Equipment |
(60,450.02) |
|
|
Net Value - ICT Equipment |
|
0.00 |
|
Other Machinery and Equipment |
353,305.40 |
|
|
Acc. Depreciation - Other Machinery
and
Equipment |
(226,205.09) |
|
|
Net Value - Other Machinery and Equipment |
|
127,100.31 |
|
Transportation Equipment |
|
|
|
Motor Vehicles |
454,538.00 |
|
|
Accumulated Depreciation -
Transportation Equipment |
(360,553.06) |
|
|
Net Value - Transportation Equipment |
|
93,984.94 |
|
Leased Assets |
|
|
|
Leased Assets, Land |
|
1,340,669.94 |
|
Construction in Progress |
|
|
|
Construction in Progress - Infrastructure Assets |
|
380,525.89 |
|
|
|
|
|
TOTAL
NON-CURRENT ASSETS |
|
31,512,730.71 |
| |
|
|
|
TOTAL ASSETS |
|
P
44,446,626.42
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
CURRENT LIABILITIES |
|
|
|
FINANCIAL LIABILITIES |
|
|
|
Payables |
|
|
|
Accounts Payable |
|
148,710.43 |
|
Finance Lease Payable |
|
804,240.67 |
|
|
|
952,951.10 |
|
Inter-Agency Payables |
|
|
|
Due to BIR |
|
113,563.92 |
|
Due to GSIS |
|
115,865.71 |
|
Due to Pag-ibig |
|
14,949.89 |
|
Due to Philhealth |
|
12,474.61 |
|
Due to LGUs |
|
146,200.00 |
|
|
|
403,054.13 |
|
Trust
Liabilities |
|
|
|
Guaranty/Security Deposits Payable |
|
15,259.02 |
|
Customer's Deposits Payable |
|
173,846.50 |
|
|
|
189,105.52 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
|
1,545,110.75 |
| |
|
|
|
NON-CURRENT
LIABILITIES |
|
|
|
FINANCIAL LIABILITIES |
|
|
|
Bill/Bond/Loans Payable |
|
|
|
Loans Payable
- Domestic |
|
10,827,084.31 |
| |
|
|
|
TOTAL
LIABILITIES |
|
P
12,372,195.06 |
| |
|
|
| |
|
|
|
EQUITY |
|
|
|
RETAINED
EARNINGS (DEFICIT) |
|
|
|
Retained Earnings (Deficit), Beginning |
|
30,408,369.21 |
|
Net Income for the Period |
|
1,666,062.15 |
|
|
|
32,074,431.36 |
|
|
|
|
|
TOTAL
EQUITY |
|
P 30,074,431.36 |
| |
|
|
| |
|
|
|
TOTAL
LIABILITIES AND EQUITY |
|
P
44,446,626.42
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
