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ANNUAL REPORT 2023 |
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ASSETS, LIABILITIES AND EQUITY |
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Statement of
Financial Position |
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As of
December 31, 2023 |
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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 10,076.89 |
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Cash in Bank - Local Currency, Current
Account |
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5,254,779.86 |
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Cash in Bank - Local Currency, Savings
Account |
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4,839,146.77 |
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10,104,003.52 |
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Receivables |
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Accounts Receivable |
P
2,760,211.81 |
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Allowance for Impairment-Accounts Receivable |
(125,283.63) |
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Net Value - Accounts Receivable |
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2,634,928.18 |
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Receivables - Disallowances/Charges |
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10,260.00 |
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Other Receivables |
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55,707.38 |
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2,700,895.56 |
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Inventories |
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Office Supplies Inventory |
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44,167,.16 |
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Accountable Forms, Plates and Stickers
Inventory |
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107,562.38 |
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Chemical
and Filtering Supplies Inventory |
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78,552.88 |
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Supplies and Materials
for Water System Operations |
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994,129.91 |
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Semi-Expendable
Office Equipment |
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25,599.80 |
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1,254,012.13 |
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Prepayments |
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Prepaid Rent |
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14,000.00 |
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Guaranty Deposits |
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74,182.92 |
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88,182.92 |
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TOTAL
CURRENT ASSETS |
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14,147,094.13 |
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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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338,975.50 |
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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 |
(34,243.11) |
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Net Value - Other Land Improvements |
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3,804.79 |
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Infrastructure Assets |
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Water Supply Systems |
54,558,605.21 |
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Accumulated Depreciation - Water
Supply Systems |
(27,213,432.83) |
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Net Value - Water Supply Systems |
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27,345,172.38 |
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Buildings and Other
Structures |
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Buildings |
2,310,813.55 |
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Accumulated Depreciation - Buildings |
(1,501,039.61) |
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Net Value - Buildings |
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809,773.94 |
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Machinery and Equipment |
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Information
and Communication Technology
Equipment |
60,450.02 |
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Acc. Depreciation - ICT Equipment |
(60,450.02) |
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Net Value - ICT Equipment |
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0.00 |
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Disaster Response and Rescue Equipment |
82,746.93 |
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Acc. Depreciation -
Disaster Response & Rescue Eqpt. |
(2,792.68) |
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Net Value - Other Machinery and Equipment |
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79,954.25 |
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Other Machinery and Equipment |
478,305.40 |
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Acc. Depreciation - Other Machinery
and
Equipment |
(289,800.06) |
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Net Value - Other Machinery and Equipment |
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188,505.34 |
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Transportation Equipment |
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Motor Vehicles |
454,538.00 |
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Accumulated Depreciation -
Transportation Equipment |
(382,122.81) |
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Net Value - Transportation Equipment |
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72,415.19 |
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Leased Assets |
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Leased Assets, Land |
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1,735,337.16 |
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Construction in Progress |
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Construction in Progress - Infrastructure Assets |
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15,543.87 |
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TOTAL
NON-CURRENT ASSETS |
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30,589,482.42 |
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TOTAL ASSETS |
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P
44,736,576.55
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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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195,759.20 |
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195,759.20 |
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Inter-Agency Payables |
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Due to BIR |
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129,190.03 |
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Due to GSIS |
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146,337.61 |
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Due to Pag-ibig |
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3,920.94 |
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Due to Philhealth |
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200.01 |
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Due to LGUs |
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152,020.00 |
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431,668.59 |
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Trust
Liabilities |
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Guaranty/Security Deposits Payable |
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13,137.06 |
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Customer's Deposits Payable |
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173,671.50 |
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186,808.56 |
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Provisions |
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Leave Benefits Payable |
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64,135.61 |
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64,135.61 |
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TOTAL
CURRENT LIABILITIES |
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878,371.96 |
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NON-CURRENT
LIABILITIES |
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FINANCIAL LIABILITIES |
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Payables |
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Finance Lease Payable |
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1,111,898.30 |
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1,111,898.30 |
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Bill/Bond/Loans Payable |
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Loans Payable
- Domestic |
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9,229,501.56 |
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TOTAL
NON-CURRENT LIABILITIES |
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10,341,399.86 |
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TOTAL
LIABILITIES |
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P
11,219,771.82 |
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EQUITY |
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RETAINED
EARNINGS (DEFICIT) |
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Retained Earnings (Deficit), Beginning |
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31,939,906.54 |
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Net Income for the Period |
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1,576,898.19 |
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33,516,804.73 |
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TOTAL
EQUITY |
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P 33,516,804.73 |
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TOTAL
LIABILITIES AND EQUITY |
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P
44,736,576.55
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