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ANNUAL REPORT 2024 |
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ASSETS, LIABILITIES AND EQUITY |
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Statement of
Financial Position |
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As of
December 31, 2024 |
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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 17,731.16 |
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Cash in Bank - Local Currency, Current
Account |
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5,791,617.76 |
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Cash in Bank - Local Currency, Savings
Account |
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5,441,232.73 |
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11,250,581.65 |
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Receivables |
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Accounts Receivable |
P
2,859,765.34 |
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Allowance for Impairment-Accounts Receivable |
(125,811.06) |
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Net Value - Accounts Receivable |
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2,733,954.28 |
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Receivables - Disallowances/Charges |
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10,260.00 |
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Other Receivables |
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58,097.38 |
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2,802,311.66 |
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Inventories |
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Office Supplies Inventory |
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33,695.31 |
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Accountable Forms, Plates and Stickers
Inventory |
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52,918.74 |
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Chemical
and Filtering Supplies Inventory |
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75,993.51 |
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Supplies
and Materials for Water System Operations |
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1,274,766.7 |
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1,437,374.53 |
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Prepayments |
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Prepaid Rent |
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12,000.00 |
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Guaranty Deposits |
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74,182.92 |
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86,182.92 |
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TOTAL
CURRENT ASSETS |
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15,576,450.76 |
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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 |
55,142,128.04 |
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Accumulated Depreciation - Water
Supply Systems |
(28,627,733.84) |
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Net Value - Water Supply Systems |
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26,514,394.20 |
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Buildings and Other
Structures |
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Buildings |
2,357,200.55 |
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Accumulated Depreciation - Buildings |
(1,570,366.60) |
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Net Value - Buildings |
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786,833.95 |
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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. |
(3,206.41) |
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Net Value - Other Machinery and Equipment |
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79,540.52 |
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Other Machinery and Equipment |
478,305.40 |
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Acc. Depreciation - Other Machinery
and
Equipment |
(324,822.19) |
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Net Value - Other Machinery and Equipment |
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153,483.21 |
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Transportation Equipment |
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Motor Vehicles |
624,338.00 |
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Accumulated Depreciation -
Transportation Equipment |
(413,082.10) |
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Net Value - Transportation Equipment |
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211,255.90 |
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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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29,839,169.10 |
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TOTAL ASSETS |
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P
45,415,619.86
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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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109,095.18 |
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Finance Lease Payable |
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888,031.00 |
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997,126.18 |
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Inter-Agency Payables |
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Due to BIR |
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146,393.56 |
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Due to GSIS |
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161,145.37 |
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Due to Pag-ibig |
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0.00 |
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Due to Philhealth |
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1,972.70 |
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Due to LGUs |
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152,170.00 |
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461,681.63 |
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Trust
Liabilities |
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Guaranty/Security Deposits Payable |
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25,448.39 |
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25,448.39 |
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Provisions |
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Leave Benefits Payable |
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84,406.01 |
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84,406.01 |
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TOTAL
CURRENT LIABILITIES |
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1,568,662.21 |
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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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7,633,357.56 |
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TOTAL
NON-CURRENT LIABILITIES |
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7,633,357.56 |
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TOTAL
LIABILITIES |
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P
9,202,019.77 |
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EQUITY |
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RETAINED
EARNINGS (DEFICIT) |
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Retained Earnings (Deficit), Beginning |
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33,623,992.02 |
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Net Income for the Period |
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2,589,608.07 |
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36,213,600.09 |
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TOTAL
EQUITY |
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P 36,213,600.00 |
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TOTAL
LIABILITIES AND EQUITY |
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P
45,415,619.86
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