City of Himamaylan

CONSOLIDATED BALANCE SHEET

As of December 31, 2010
(With Comparative Figures for CY 2009)
ASSETS
2010

2009

Current Assets
Cash (Note 5)
Receivables (Note 6)
Inventories (Note 7)
Prepayments (Note 8)
Total Current Assets

178,821,713.88
304,209,010.09
1,914,955.00
9,164,434.32
494,110,113.29

151,895,421.69
287,144,287.47
1,914,955.00
9,164,434.32
450,119,098.48

Property, Plant and Equipment-net of Depr. (Note 9)

Land
Land Improvements
Buildings
Office Equipments, Furniture and Fixtures
Machineries and Equipments
Transportation Equipment
Other Property, Plant and Equipment
Public Infrastructures
Construction in Progress
Total Property, Plant and Equipment
Other Assets (Note 10)

77,619,058.49
25,955,176.73
47,633,883.24
33,561,760.35
40,888,291.69
31,253,348.64
5,919,433.12
23,746,856.55
524,210,088.65
810,787,897.46
13,285,296.42

77,619,058.49
26,647,400.39
49,777,219.71
31,946,297.47
33,015,888.98
32,887,208.89
6,163,274.55
23,746,856.55
406,878,154.79
688,681,359.82
13,285,296.42

1,318,183,307.17

1,152,085,754.72

TOTAL ASSETS

LIABILITIES AND EQUITY

LIABILITIES
Current Liabilities (Note 11)
Long Term Liabilities (Note 12)
Deferred Credits (Note 13)
Total Liabilities
EQUITY
Government Equity, Beginning
Add/Deduct:
Retained Operating Surplus
Prior Years Adjustments
Transfers to Registry
Government Equity, End (Note 14)
TOTAL LIABILITIES AND EQUITY

66,617,281.35
59,360,519.39
208,983,394.02
334,961,194.76

27,230,295.22
55,954,054.09
193,279,566.16
276,463,915.47

875,621,839.25

742,304,362.62

119,685,874.53
(12,085,601.37)
0.00
983,222,112.41

133,958,541.34
(641,064.71)
0.00
875,621,839.25

1,318,183,307.17

1,152,085,754.72

(See Accompanying Notes to Financial Statements)

City of Himamaylan
CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
For the Year Ended December 31, 2010
(With Comparative Figures for CY 2009)

2010

2009

Income: (Note 15)

National Taxes
Local Taxes
Permits and Licenses
Service Income
Business Income
Other Income
Gain/Loss Accounts
Total Income

10,116.80
13,788,107.50
1,979,372.78
495,549.60
2,412,327.75
396,363,029.16
415,048,503.59

12,000.00
7,031,293.44
1,723,881.39
448,933.59
1,915,910.25
356,966,277.55
6,624,842.61
374,723,138.83

Less: Expenses (Note 16)

Personal Services
Maintenance & Other Operating Expenses
Financial Expenses
Total Expenses

89,611,054.92
177,286,406.43
5,879,721.72
272,777,183.07

72,034,114.70
149,362,265.97
3,541,810.72
224,938,191.39

Net Operating Income

142,271,320.52

149,784,947.44

Add:
Total
Less:

Subsidies from (Note 17)

Subsidies to Other LGUs (Note 17)

NET INCOME

105,510.85

142,376,831.37
22,690,956.84

149,784,947.44
15,826,406.10

119,685,874.53

133,958,541.34

(See Accompanying Notes to Financial Statements)

City of Himamaylan
CONSOLIDATED STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2010
(With Comparative Figures for CY 2009)
2010
Cash Flows from Operating Activities:
Cash Inflows:
Collection from taxes
Share from Internal Revenue Collections
Other Receipts
Total Cash Inflow
Cash Outflows:
PaymentsTo suppliers/creditors
To employees
Financial Expenses
Total Cash Outflow
Net Cash from Operating Activities
Cash Flows from Investing Activities:
Cash Inflows:
Collection of Other Income
Total Cash Inflow
Cash Outflows:
Purchase of Prop., Plant and Equipment
Total Cash Outflow
Net Cash from Investing Activities
Cash Flows from Financing Activities:
Cash Inflows:
From Acquisition of Loans
Total Cash Inflows
Cash Outflows:
Payment of Loan Amortization
Total Cash Outflow
Net Cash from Financing Activities
Net Increase in Cash
Cash at Beginning of the Period
Cash at the End of the Period

2009

13,298,852.67
390,655,749.00
21,022,767.77
424,977,369.44

20,491,066.80
354,377,032.16
6,414,367.84
381,282,466.80

215,174,588.52
89,910,420.92
305,085,009.44
119,892,360.00

158,411,882.98
84,418,617.82
242,830,500.80
138,451,966.00

47,398.50
47,398.50

358,553.90
358,553.90

90,540,209.89
90,540,209.89
(90,492,811.39)

99,578,162.57
99,578,162.57
(99,219,608.67)

11,613,356.00
11,613,356.00
14,086,612.42
14,086,612.42
(2,473,256.42)
26,926,292.19
151,895,421.69
178,821,713.88

9,652,919.51
9,652,919.51
(9,652,919.51)
29,579,437.82
122,315,983.87
151,895,421.69