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www.ppa.com.ph
OUR COVER
Steering the Right Course through Best Practices
From sun up till sun down, the Philippine Ports Authority (PPA) tirelessly contributes to the countrys
national progress and economic development through facilities and services borne out of its more than
three decades of expertise in the port industry.
PPA continually strives to employ and adapt the best practices in the industry through efficient and
round-the-clock services in its nationwide network of port facilities. Hence, the theme of the annual report,
Steering the Right Course through Best Practices, captures the various elements that lead to the desired
directions of excellence and good governance that PPA consciously undertakes.
With a ships steering wheel as graphic element, the cover of the annual report presents PPAs continuing
resolve to employ widely-accepted and best practices through technology-backed systems and facilities.
The designs primary hue, the color violet, represents stability and steadfastness as interpreted in color
psychology.
TABLE OF CONTENTS
1Vision and Mission 2Message of the General Manager
6Shipping and Trade Performance 12Port Services
18Physical Infrastructure Development
& Maintenance
The PPA 2010 Annual Report cover is printed on 9 lives, 55% Recycled Silk 300gsm. The usage of 9 lives, which is made of 55%
- 100% post consumer fiber, is a sustainable solution in illustrating environmental approach without compromising printing quality.
Port of Iligan
Port of Ormoc
VISION
MISSION
CORPORATE VALUES
Creativity:
Responsibility:
Ethics:
Sincerity:
Teamwork:
Innovation, Adaptability.
Accountability, Taking and
Managing Risks.
Integrity within Moral Bounds.
Commitment to Fulfill Mandate
Synergy of Working Together
Port of Bauan
SHIPPING AND
TRADE PERFORMANCE
Port of Iloilo
Port of Iligan
Port of Bacolod
166,395,680
69,796,900
96,598,780
55,131,588
41,467,192
4,497,634
1,639,859
2,857,775
1,443,501
1,414,274
52,701,645
52,638,664
62,981
346,000
335,202
10,798
2009
149,895,054
71,936,419
77,958,635
47,583,576
30,375,059
4,011,531
1,593,039
2,418,492
1,221,914
1,196,578
43,872,565
43,820,426
52,139
314,421
304,643
9,778
Inc/(Dec)
Volume
16,500,626
(2,139,519)
18,640,145
7,548,012
11,092,133
486,103
46,820
439,283
221,587
217,696
8,829,080
8,818,238
10,842
31,579
30,559
1,020
%
11.01
(2.97)
23.91
15.86
36.52
12.12
2.94
18.16
18.13
18.19
20.12
20.12
20.79
10.04
10.03
10.43
Cargo
Total cargo throughput during the year was 11.01 percent
or 16.5 million metric tons (MMT) higher vis-a-vis 2009
signifying a more intense movement of goods passing
through the countrys ports. Foreign cargo went up by
18.64 MMT or a double-digit increase of 23.91 percent.
Domestic cargo, however, went down by 2.97 percent or
2.14 MMT.
The Exports industry is by far the most dynamic, growing
as much as 36.52 percent or 11.09 MMT during the
period. Imports, likewise, went up by about 7.55 MMT
or 15.86 percent. The higher demand for prime export
commodities such as mineral ores, nickel ores, limestone,
cold rolled coils and coco oil, etc.; and, importation of rice,
coal and other raw materials was evident in the sharp
increase of foreign cargo throughput at the various ports
led by PMOs Surigao (5.53 MMT), San Fernando (3.37
MMT), MICT (2.54 MMT), South Harbor (2.23 MMT) and,
Iloilo (1.78 MMT). Domestic cargo, on the other hand,
declined in 8 of the 24 PMOs. The decrease was highly
felt at PMOs North Harbor - 2.26 MMT (15.95 percent);
Legazpi - 2.23 MMT (47.03 percent); Pulupandan - 0.14
MMT (2.42 percent); and Batangas - 0.86 MMT (12.19
percent), among others.
Overall, six (6) PMOs did not fare well and posted
decreases in 2010, namely: PMOs Legazpi, North Harbor,
Batangas, Pulupandan, Nasipit and Cotabato.
150
100
50
0
2009 Domestic
2010 Foreign
2010 Distribution of
Containerized Cargoes
staging areas of
containers. The
transition from
PPA-managed to
privately-managed
terminal might have
affected business
operations in North Harbor.
Passengers
The 2010 election as well as the
continuing shift towards the use
of the SRNH route in travelling from
Manila to Visayas contributed to
the marked increase in the volume
of passengers that availed of water
transport. Nationwide domestic and
foreign traffic surged by 20.12 percent
or 8.82 million and 20.79 percent,
respectively, during the year. Growth
in passenger traffic was evident in the
PMOs of Batangas (31.59 percent);
Calapan (31.30 percent); Iligan (45.03
percent); Legazpi (34.05 percent); and
Tacloban (38.41 percent).
Ship Calls
The countrys ports serviced 346,000
vessels in 2010, a growth of 10.04
percent compared to the previous
year. Domestic and foreign ship
calls grew by 10.03 percent and
10.43 percent, respectively, an
indication of recovery and
improvement in both global
and domestic economy.
MICT & SH. 57.83%
Other Ports 42.17%
Port of Iloilo
PORT SERVICES
10
Port of Iloilo
11
Port of Iloilo
12
PORT SERVICES
Private Ports Operations
Permit/Clearance to Develop
COMPANY
LOCATION
COMPANY
LOCATION
Port of Nasipit
SM Land Inc.
Brgy. Esperanza,
Loreto, Dinagat
Petron Corp.
3. Niera Corporation
Lease Contracts
The Authority approved the 10-year contract
application of Goldwin CFS located at Blk. 168,
Railroad St., cor. 18th and 19th Sts., South Harbor.
Limay, Bataan
BASECO Compound,
Mariveles, Bataan
EEI Corp.
Investment Mineral
Development Corp.
Bauan, Batangas
Calambayungan, Brgy, Larap, Jose
Panganiban, Camarines Norte
Mabini, Batangas
PDO VISAYAS
Central Azucarera de Bais
Nicua Corp.
MacArthur, Leyte
SR Metals Inc.
13
LOCATION
3 - MONTHS (HOA)
1.
1 - MONTH (HOA)
2.
3.
4.
5.
1 - YEAR
Anchorage Area, Dinapigue, Isabela
Port of Brooks Point, Palawan
Anchorage area Molugan, El Salvador, Misamis Oriental
3 - YEARS
6.
7.
5 - YEARS
8.
Aurum Pacific Consolidated Inc.
9.
Prudential Customs Brokerage Svcs., Inc.
10. Antique Cargo Handling & Port Terminal Svcs.
11. FTM Brokerage & Port Svcs. Inc.
12. Jagna Arrastre & Terminal Svcs.
13. Leyte Integrated Port Svcs. Inc.
14. San Vicente Arrastre & Stevedoring Svcs.
15. Ubay Arrastre & Stevedoring Corp.
16. Northeastern Mindanao Handlers & Forwarders Inc.
17. Apollo Arrastre & Stevedoring Svcs., Inc.
8 - YEARS
18.
SUPPLEMENTAL CONTRACT
10 - YEARS
19.
MEMORANDUM OF AGREEMENT
3 - YEAR (MOA)
21.
LGU- Sarangani
14
15
PHYSICAL INFRASTRUCTURE
DEVELOPMENT
AND MAINTENANCE
Port of Iligan
Port of Pulupandan
16
17
PHYSICAL INFRASTRUCTURE
DEVELOPMENT AND MAINTENANCE
Completed and Ongoing LocallyFunded Projects
The year 2010 saw the completion of 40 Locally-Funded
Projects (LFPs) amounting to P1.74 billion. PPA invested
a total of P3.42 billion for 74 LFPs nationwide: 10 projects
in PDO Manila/Northern Luzon; 31 in PDO Southern
Luzon; 14 in PDO Visayas; 9 in PDO Northern Mindanao;
and 10 in PDO Southern Mindanao. As of yearend,
34 projects amounting to P1.68 billion are in various
stages (i.e. ongoing/ suspended/ terminated/under
procurement).
CY 2010
34.93%
12.13%
34.23%
13.03%
PDO Visayas
1.74 Completed
1.68 Ongoing
18
Dredging Operations
To ensure the safe navigation of large vessels calling
at the ports, PPA allotted some P546.64 million for its
CY 2010 Dredging Program. The amount covered the
removal of 1.84 million cubic meters of silts from 9 ports
nationwide and was implemented under the privatized
set-up with F.F. Cruz & Company, as contrator.
19
Hydrographic and
Topographic Surveys
Port of Iligan
20
P88.32
P3.50
P10.00
P1.26
P129.03
P177.44
of Iloilo
P207.34
P383.11
Visayas
Northern Mindanao
Southern Mindanao
E&A Exp
GAD
Unprogrammed
Manila/Northern Luzon
Southern Luzon
21
FINANCIAL PERFORMANCE
22
23
FINANCIAL PERFORMANCE
Revenue
In 2010, PPAs gross revenue reached P8,295.62 million,
an increase of at least P1,166.49 million or 16.36
percent from the 2009 figure. Port revenue generated
amounted to P8,123.39 million, a substantial increase of
P1,136.62 million or 16.27 percent from last year. Fund
Management Income (FMI) also grew from P142.35
million in 2009 to P172.32 million this year, which is at
least a P29.97 million or 21.05 percent increase.
ICTSI fees contributed the bulk of PPAs revenue
amounting to P2,760.14 million (34 percent), followed by
wharfage dues at P1,671.02 million (21 percent), vessel
charges at P1,190.93 million (15 percent), ATI Fees at
P923.57 million (11percent), arrastre/stevedoring income
at P678.07 million (8 percent), other sources of income at
P423.50 million (5 percent), and pilotage/storage fees at
P320.49 million (4 percent), and VTMS and Terminal Fees
at P226.30 million (21 percent).
5,455.28
4,711.11
15.80%
Southern Luzon
904.00
769.66
17.45%
Visayas
499.75
437.29
14.28%
Northern Mindanao
24
Deviation
534.08
466.61
14.46%
724.17
597.31
21.24%
8,117.28
6,981.98
16.26%
2010
383.87
% of Total
4.73%
Increase/
(Decrease)
347.51
10.46%
2009
Dockage
521.29
6.42%
443.34
17.58%
Usage Fees
273.47
3.37%
239.81
14.04%
Lay-up Fees
12.30
0.15%
1.91
543.98%
1,671.02
20.57%
1,394.00
19.87%
289.42
3.56%
200.50
44.35%
678.07
8.35%
461.21
47.02%
423.50
5.21%
352.19
20.25%
33.12%
Wharfage Dues
Storage
Arrastre/
Stevedoring
Other Income
Pilotage
2009
Southern Mindanao
Port Dues
ICTSI Fees
2010
Total
Account
ATI Fees
VTMS Fees
Terminal Fees
Total
31.07
0.38%
23.34
2,760.14
33.98%
2,526.89
9.23%
923.57
11.37%
769.76
19.98%
16.23
0.20%
15.13
7.27%
139.34
1.72%
211.17
-34.02%
6,986.77
16.27%
8,123.29 100.00%
Expenditures
Total Expenses reached P6,327.22 million, at least P985.05
million or 18.44% higher than last years P5,342.17 million
expenditures. This is largely due to higher Operating Expenses
brought about by increases in Repairs & Maintenance; Personal
Services due to the implementation of the 2nd tranche of
Salary Standardization III;, and Dredging costs. Likewise,
Non-Operating expense rose by 280.34 percent due to loss on
revaluation of loans. Foreign exchange revaluation registered
positive in 2009.
Net Income
PPAs Net Income amounted to P1,968 billion, 5.49 percent
lower than last years net income of P2,082 billion. PPA would
be left with a Net Income After Tax of P1.491 billion after
deducting income tax amounting to P476.54 million.
Collection Efficiency
Looking into the overall collection effort of the Authority, the
collection efficiency ratio (CER) for Prior Year accounts (PY) stood
at 87.55 percent where Receivables amounting to P858.80 million
at the beginning of the year, was reduced to P106.88 million with
actual amount collected reaching P751.92 million. This exceeded
the annual PY collection target of 60 percent. With regard to Current
Year (CY) accounts, the Authority projected 100 percent CER for
receivables of P7,420.63 million. However, a slight negative deviation
was posted with only P7,372.20 million actual collections for the
current year, or about P48.4369 million short of the target resulting to a
CER of 99.35 percent.
25
SUSTAINABILITY,
ENVIRONMENT AND PEOPLE
26
Port of Nasugbu
27
SUSTAINABILITY, ENVIRONMENT
AND PEOPLE
Manager Leopoldo C. Biscocho and Staff
28
Special Projects
MIS Computerization
The contractor for the PPA MIS Computerization Project
continues to resolve implementation issues as part of the
acceptance process of the computerized applications mainly
related to the Accounting and Financial Management System
(AFMS) applications developed for PPA. About 90 percent of
these applications have already been accepted and implemented
as of the end of 2010.
29
E-Ticketing
30
A PPA GAD-Managed
Day Care Center
31
Client-Focused Projects
Organization-Focused Projects
Information and Data Bank Generation
To support the formulation of GAD-related polices, a
baseline sex-disaggregated database was started.
Personal and professional data of employees with
information on past livelihood training attended were
collected and an inventory of GAD facilities per terminal
was conducted to assess and determine the appropriate
intervention programs for gender concerns among PPA
employees. At the end of the year, this was 60 percent
complete.
32
33
CONTAINER TRAFFIC
PASSENGER TRAFFIC
52.70 MILLION
34
346,000
UP BY 10% FROM 2009
GROSS INCOME
P8.295 BILLION
UP BY 16.36% FROM 2009
EXPENSES
P6.33 BILLION
UP BY 12.23% FROM 2009
NET INCOME
P1.491 BILLION
DOWN BY 7.5% FROM 2009
ENGINEERING
40 LOCALLY FUNDED PROJECTS
COMPLETED VALUED AT P1.74 BILLION
26 R&M PROJECTS COMPLETED VALUED AT
P760.73 MILLION
35
Implementing
Office
Project Description
Date Started
Completion
Project Cost
FO
FO
FO
Dec 28 2009
May 7 2010
Jun 24 2010
Jan 15 2010
Jun 20 2010
Oct 15 2010
248,579.10
11,251,482.62
8,389,619.55
FO
Roadway
Nov 6 2009
May 16 2010
9,137,192.56
FO
FO
Nov 17 2009
Apr 19 2010
Jul 30 2010
Jun 17 2010
13,960,371.59
4,391,731.00
47,378,976.42
FO
HO
HO
Mar 26 2010
Oct 12 2009
Jul 24 2007
Dec 15 2010
Oct 15 2010
Feb 16 2010
18,675,870.81
54,598,511.83
84,553,040.93
10
11
12
FO
FO
FO
May 9 2010
Aug 3 2010
May 31 2010
Apr 9 2010
May 10 2010
Aug 14 2010
9,594,630.17
19,826,161.82
45,049,083.37
FO
FO
Apr 8 2010
Apr 8 2010
Jun 27 2010
Jul 22 2010
1,887,380.01
19,065,000.00
15
16
PMO-Calapan
Calapan, Oriental Mindoro
Roxas Port, Oriental Mindoro
PMO Legazpi
Legazpi Port, Albay
Cataingan Port, Masbate
FO
HO
Dec 7 2009
Mar 5 2010
Apr 15 2010
Dec 29 2010
20,591,971.00
32,454,478.49
17
HO
18
19
20
21
22
HO
HO
HO
HO
HO
13
14
23
Jul 26 2007
Mar 25 2010
63,431,898.43
Apr 29 2010
Sept 1 2009
Sept 15 2009
Apr 9 2010
Mar 19 2009
Sept 28 2010
Feb 25 2010
Jul 5 2010
Jun 7 2010
Jan 12 2010
20,091,821.26
23,063,787.33
59,290,907.03
25,330,853.29
51,349,323.13
FO
Jan 17 2010
Aug 14 2010
17,569,239.14
566,423,958.04
FO
FO
Jun 18 2009
Dec 28 2009
Jan 18 2010
May 17 2010
47,734,547.33
9,221,645.30
PMO Dumaguete
Dumaguete Port, Negros Occ.
HO
Jun 17 2008
Feb 25 2010
430,753,591.28
Nov 06 2007
Feb 3 2010
52,188,064.93
28
29
Dumaguete Port
PMO Tacloban
Catbalogan Port, Western Samar
Tacloban Port, Leyte
HO
FO
Feb 4 2010
Feb 11 2010
Jul 3 2010
Jul 15 2010
35,827,466.13
576,423.68
30
PMO Tagbilaran
Catagbacan Port, Bohol
HO
31
HO
32
HO
33
HO
PDO VISAYAS
PMO Pulupandan
24
Himamaylan Port, Negros Occ.
25
Danao Port, Escalante City, Negros Occ.
26
27
36
FO
Apr 8 2009
May 21 2010
71,726,919.13
Feb 4 2010
Dec 29 2010
38,812,368.45
Mar 20 2008
Mar 9 2010
233,048,645.73
Nov 16 2009
Jul 26 2010
138,681,967.42
1,058,571,639.38
FO
Feb 20 2010
Aug 20 2010
4,651,514.93
FO
Dec 2 2009
Jan 21 2010
985,101.04
FO
FO
Aug 27 2010
Dec 18 2009
Nov 18 2010
Mar 12 2010
4,462,882.39
3,009,579.19
13,109,077.55
FO
HO
Jan 28 2010
Sept 3 2009
Sept 4 2010
Dec 10 2010
2,278,391.19
51,761,487.91
Nov 21 2009
Jun 15 2010
5,072,932.80
59,112,811.90
1,744,596,463.29
FO
philippine ports
authority
annual
re p o r t
Implementing
Office
16,279,475.05
Ongoing-42.82%
HO
HO
Feb 12 2010
Nov 16 2010
Feb 6 2011
Nov 10 2011
80,352,839.67
36,458,949.78
Suspended
Ongoing-5.05%
HO
Sept 3 2009
Feb 24 2011
265,629,689.00
398,720,953.50
Ongoing-87.95%
HO
HO
Construction of RC Pier
Port Expansion Project, Phase II (RoRo Ramp & Breasting
Dolphin, Reclamation)
Port Improvement Project (RoRo Ramp, Breasting Dolphin & RC
Platform)
Port Improvement Project (RC Pier, RoRo Ramp & Breasting
Dolphn; Rock Causeway & Back-up Area; Port Lighting System)
Phase 2-RC Pier, RORO Ramp & Breasting Dolphin; Rock
Causeway & Port Lighting System
RC Pier, RoRo Ramp & RC Wharf; Back-up Area & Rock
Causeway, Port Lighting System)
Improvement Project (RoRo Ramp & Breasting Dolphin,
Back-up Area, PTB)
May 13 2010
Nov 20 2009
June 8 2011
May 1 2011
25,942,235.16
40,850,532.46
Ongoing-79.84%
Ongoing-91.01%
Mar 4 2010
Apr 10 2011
32,797,551.71
Ongoing-59.96%
Dec 31 2007
Jul 9 2010
78,375,102.06
May 19 2010
Oct 14 2011
148,336,887.36
Terminated99.20%
Under Procurement
Ongoing-54.56%
Apr 30 2010
Apr 24 2011
48,639,199.66
Ongoing-89.98%
Oct 15 2009
Mar 18 2011
75,322,879.61
Ongoing-85.08%
HO
FO
FO
FO
Mar 25 2010
Nov 22 2010
Nov 22 2010
Nov 22 2010
May 1 2011
Mar 21 2011
Dec 29 2010
Jan 21 2011
70,838,651.52
2,751,347.00
689,200.00
1,316,494.00
Ongoing-60.47%
Ongoing-86.82%
Ongoing-95.00%
Ongoing-95.00%
HO
FO
Oct 20 2009
Dec 22 2010
Feb 25 2011
Jun 21 2011
91,114,815.00
12,496,136.43
629,471,031.97
Ongoing-88.32%
Ongoing
FO
Nov 19 2010
Aug 15 2011
28,575,426.21
Ongoing-54.73%
FO
May 24 2010
May 16 2011
48,634,407.74
Ongoing-94.70%
FO
Port Development
May 24 2010
Mar 16 2011
8,839,158.67
Ongoing-93.29%
FO
Port Development
May 24 2010
Aug 17 2011
27,510,910.36
113,559,902.98
Ongoing-69.90%
FO
HO
Port Improvement
Improvement Project (RC Wharf Extension, Relieving
Platform, Back-up Area)
Feb 20 2010
Apr 13 2010
Apr 20 2011
Oct 4 2011
27,042,882.62
187,898,070.18
Ongoing-63.98%
Ongoing-52.40%
FO
Dec 19 2009
Dec 9 2010
21,890,358.26
Ongoing-94.33%
HO
Nov 24 2009
Jun 15 2011
150,033,820.63
Ongoing-46.61%
FO
May 26 2010
15,408,298.60
402,273,430.29
Suspended
FO
Dec 4 2009
Nov 21 2011
29,760,654.89
Ongoing-8.50%
Dec 8 2009
Aug 11 2011
37,797,602.52
Ongoing-53.68%
HO
HO
10
HO
11
HO
12
PMO Calapan
Abra de Ilog Port, Occ. Min.
HO
29
30
31
32
33
34
Zamboanga Port, Zamboanga del Sur
Sub-Total PDO Southern Mindanao
Grand Total
Status
Apr 11 2011
PMO Nasipit
Masao Port, Agusan del Norte
PMO Ozamis
26
Ozamiz Port, Ozamis City
PMO Surigao
27
Sta. Monica Port, Surigao del Norte
Sub-Total PDO Northern Mindanao
PDO SOUTHERN MINDANAO
PMO Davao
28
Pantukan Port, Compostela Valley
Project Cost
Oct 14 2010
HO
25
Completion
Date Started
FO
13
14
15
16
Project Description
FO
HO
FO
FO
Mar 5 2010
Aug 2 2010
12,079,691.35
26,042,032.32
Ongoing-95.05%
Ongoing-11.20%
FO
Mar 11 2010
Mar 8 2011
23,053,297.01
Ongoing-97.44%
Mar 2 2010
Dec 22 2010
6,762,863.00
135,496,141.09
1,679,521,459.83
Ongoing-96.26%
FO
Under Procurement
37
GRAND TOTAL
2010
DOMESTIC
FOREIGN
GRAND TOTAL
2009
DOMESTIC
FOREIGN
70,316,061
16,146,329
12,958,525
18,266,554
16,314,686
6,629,967
24,861,197
11,929,164
5,374,364
913,378
6,274,691
369,600
45,454,864
4,217,165
7,584,161
17,353,176
10,039,995
6,260,367
61,687,825
17,406,085
10,734,949
15,639,479
14,670,054
3,237,258
26,667,432
14,183,402
5,385,457
822,314
5,929,723
346,536
35,020,393
3,222,683
5,349,492
14,817,165
8,740,331
2,890,722
26,882,615
18,724,059
1,558,560
2,230,180
4,369,816
10,614,469
6,175,429
1,558,560
1,482,714
1,397,766
16,268,146
12,548,630
0
747,466
2,972,050
29,820,142
20,807,830
1,279,234
4,210,246
3,522,832
13,328,832
7,032,623
1,279,234
3,712,950
1,304,025
16,491,310
13,775,207
0
497,296
2,218,807
PDO VISAYAS
Dumaguete
Iloilo
Ormoc
Pulupandan
Tacloban
Tagbilaran
23,768,003
1,919,351
7,724,638
4,368,848
6,045,063
1,688,880
2,021,223
16,030,126
1,696,120
3,376,511
2,276,490
5,675,037
1,328,378
1,677,590
7,737,877
223,231
4,348,127
2,092,358
370,026
360,502
343,633
20,771,261
1,676,118
5,757,577
3,949,240
6,267,092
1,346,944
1,774,290
15,301,624
1,517,029
3,191,403
2,104,973
5,815,762
1,184,671
1,487,786
5,469,637
159,089
2,566,174
1,844,267
451,330
162,273
286,504
28,823,840
6,229,040
2,493,573
2,466,396
1,022,834
16,611,997
9,751,271
5,028,157
1,569,548
1,599,869
916,300
637,397
19,072,569
1,200,883
924,025
866,527
106,534
15,974,600
22,823,025
5,698,752
2,446,272
2,818,802
865,597
10,993,602
8,702,033
4,186,894
1,679,738
1,449,656
834,954
550,791
14,120,992
1,511,858
766,534
1,369,146
30,643
10,442,811
16,605,161
56,544
617,480
10,624,929
2,668,433
2,637,775
166,395,680
8,539,837
56,544
413,477
4,120,627
1,580,445
2,368,744
69,796,900
8,065,324
0
204,003
6,504,302
1,087,988
269,031
96,598,780
14,792,801
70,036
585,120
9,299,841
2,520,255
2,317,549
149,895,054
7,936,498
70,036
415,651
3,813,631
1,454,737
2,182,443
71,936,419
6,856,303
0
169,469
5,486,210
1,065,518
135,106
77,958,635
38
philippine ports
authority
annual
re p o r t
Passenger Traffic
GRAND TOTAL
DISEMBARKED
2010
EMBARKED
GRAND TOTAL
DISEMBARKED
2009
EMBARKED
1,863,037
821,983
1,004,780
0
36,254
20
913,921
375,750
522,028
0
16,129
14
949,116
446,233
482,752
0
20,125
6
1,938,251
821,565
1,116,662
0
24
0
1,003,890
420,222
583,644
0
24
0
934,361
401,343
533,018
0
0
0
16,513,171
8,357,922
8,155,249
12,634,440
5,980,585
6,653,855
6,826,589
5,604,719
3,800,785
281,078
3,543,981
2,808,733
1,863,689
141,519
3,282,608
2,795,986
1,937,096
139,559
5,187,821
4,268,677
2,835,355
342,587
2,270,312
2,125,982
1,422,150
162,141
2,917,509
2,142,695
1,413,205
180,446
PDO VISAYAS
Dumaguete
Iloilo
Ormoc
Pulupandan
Tacloban
Tagbilaran
17,688,740
3,207,250
2,585,835
2,315,381
3,270,403
2,511,202
3,798,669
9,001,991
1,649,272
1,293,915
1,164,399
1,649,690
1,276,006
1,968,709
8,686,749
1,557,978
1,291,920
1,150,982
1,620,713
1,235,196
1,829,960
15,416,793
2,867,827
2,276,740
2,049,001
2,935,436
1,814,376
3,473,413
7,750,136
1,472,288
1,121,538
1,031,080
1,460,020
908,252
1,756,958
7,666,657
1,395,539
1,155,202
1,017,921
1,475,416
906,124
1,716,455
10,576,589
2,178,430
3,301,809
315,284
3,468,781
1,312,285
5,527,332
1,098,723
1,855,614
172,175
1,702,946
697,874
5,049,257
1,079,707
1,446,195
143,109
1,765,835
614,411
8,150,251
1,663,946
2,276,667
281,626
2,798,180
1,129,832
4,111,714
842,037
1,062,302
139,951
1,476,152
591,272
4,038,537
821,909
1,214,365
141,675
1,322,028
538,560
6,060,108
57
584,519
1,329,277
108,285
4,037,970
52,701,645
3,049,838
36
307,751
674,660
51,612
2,015,779
26,851,004
3,010,270
21
276,768
654,617
56,673
2,022,191
25,850,641
5,732,830
1,216
498,887
1,571,942
114,106
3,546,679
43,872,565
2,877,354
387
265,152
803,674
54,032
1,754,109
21,723,679
2,855,476
829
233,735
768,268
60,074
1,792,570
22,148,886
39
Number of Shipcalls
GRAND TOTAL
2010
DOMESTIC
FOREIGN
GRAND TOTAL
2009
DOMESTIC
FOREIGN
23,093
4,967
7,810
1,942
7,474
900
17,645
4,436
5,709
103
6,939
458
5,448
531
2,101
1,839
535
442
22,341
5,043
7,650
2,042
6,924
682
17,368
4,602
5,822
105
6,435
404
4,973
441
1,828
1,937
489
278
96,853
43,990
22,800
23,814
6,249
95,321
42,922
22,800
23,706
5,893
1,532
1,068
0
108
356
88,168
40,331
22,122
20,617
5,098
86,806
39,264
22,122
20,547
4,873
1,362
1,067
0
70
225
132,904
37,019
22,751
13,313
25,962
10,854
23,005
132,250
36,962
22,534
13,140
25,883
10,745
22,986
654
57
217
173
79
109
19
117,195
34,937
19,266
12,082
24,009
8,422
18,479
116,697
34,892
19,140
11,900
23,938
8,364
18,463
498
45
126
182
71
58
16
53,189
14,868
14,305
1,083
13,809
9,124
52,354
14,551
14,180
1,063
13,781
8,779
835
317
125
20
28
345
48,875
12,542
14,296
1,103
13,659
7,275
48,123
12,175
14,186
1,076
13,650
7,036
752
367
110
27
9
239
39,961
272
3,201
20,741
1,464
14,283
346,000
37,632
272
3,166
18,908
1,127
14,159
335,202
2,329
0
35
1,833
337
124
10,798
37,840
461
2,640
22,234
1,504
11,001
314,419
35,647
461
2,617
20,546
1,107
10,916
304,641
2,193
0
23
1,688
397
85
9,778
PDO VISAYAS
Dumaguete
Iloilo
Ormoc
Pulupandan
Tacloban
Tagbilaran
40
philippine ports
authority
annual
re p o r t
GRAND TOTAL
2010
DOMESTIC
GRAND TOTAL
FOREIGN
2009
DOMESTIC
FOREIGN
3,158,023
553,548
988,268
1,612,886
3,321
0
747,649
553,548
101,764
89,542
2,795
0
2,410,374
0
886,504
1,523,344
526
0
2,877,638
638,263
838,950
1,397,594
2,831
0
810,118
638,263
86,608
82,932
2,315
0
2,067,520
0
752,342
1,314,662
516
0
38,182
37,091
1091
18,946
18,749
197
Batangas
Calapan
Legazpi
Puerto Princesa
5,737
0
740
31,705
4,646
0
740
31,705
1091
0
0
0
1,649
0
1
17,296
1,452
0
1
17,296
197
0
0
0
PDO VISAYAS
Dumaguete
Iloilo
Ormoc
Pulupandan
Tacloban
Tagbilaran
246,873
20,453
99,374
7,416
92,709
15,788
11,133
246,873
20,453
99,374
7,416
92,709
15,788
11,133
0
0
0
0
0
0
0
238,492
21,188
90,850
6,721
96,013
13,258
10,462
238,492
21,188
90,850
6,721
96,013
13,258
10,462
0
0
0
0
0
0
0
256,379
170,975
21,940
34,250
27,687
1,527
236,648
151,244
21,940
34,250
27,687
1,527
19,731
19,731
0
0
0
0
222,786
149,189
15,380
29,804
26,531
1,882
193,461
119,864
15,380
29,804
26,531
1,882
29,325
29,325
0
0
0
0
798,177
0
6,156
584,669
140,027
67,325
4,497,634
371,598
0
6,156
212,129
85,988
67,325
1,639,859
426,579
0
0
372,540
54,039
0
2,857,775
653,669
0
6,292
453,348
130,907
63,122
4,011,531
332,219
0
6,292
181,227
81,578
63,122
1,593,039
321,450
0
0
272,121
49,329
0
2,418,492
41
42
philippine ports
authority
annual
re p o r t
Qualified Opinion
In our opinion, except for the effects and the possible effects on the financial statements of the matters described in the Basis for
Qualified Opinion paragraphs, the financial statements present fairly, in all material respects, the financial position of the Philippine
Ports Authority as at December 31, 2010, and of its financial performance and its cash flows for the year then ended in accordance with
state accounting principles generally accepted in the Philippines.
Emphasis of Matter
We draw attention to Note 49 to the financial statements which describes the uncertainty related to the outcome of the various
lawsuits involving the Authority.
Other Matter
As part of our audit of the 2009 financial statements, we also audited the adjustment described in Notes 9 and 27 that were applied to
amend the 2009 financial statements. In our opinion, such adjustments are appropriate and have been properly applied.
Report on the Supplementary Information Required Under Revenue Regulations 15-2010
Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary
information on taxes, duties and license fees in Note 48 to the financial statements is presented for purposes of filing with the Bureau
of Internal Revenue and is not a required part of the basic financial statements. Such information is the responsibility of management.
The information has been subjected to the auditing procedures applied in our audit of the basic financial statements. In our opinion,
the information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.
COMMISSION ON AUDIT
DIARALCASAN B. IBRAHIM
Supervising Auditor
43
Notes
ASSETS
Current Assets
Cash on Hand and in Banks
Receivables - Net
Inventories
Prepayments
Other Current Assets
Total Current Assets
2010
As Restated
2009
6
7
8
9
10
2,602,511,853
1,048,221,739
128,314,048
449,528,860
72,838,471
4,301,414,971
2,631,730,631
1,045,491,495
130,483,931
414,884,987
205,338,127
4,427,929,171
11
12
13
14
87,521,901,017
2,173,209,147
835,924,367
380,378,832
90,911,413,363
86,616,988,316
916,048,743
548,409,944
1,220,069,271
89,301,516,274
95,212,828,334
93,729,445,445
15
16
17
18
2,982,448,396
601,145,599
788,167,167
549,987,846
4,921,749,008
2,327,034,294
1,802,518,940
728,292,112
362,343,557
5,220,188,903
Non-Current Liabilities
Loans Payable - Foreign
Loans Payable - Domestic
Corporate Notes
Retirement Payable
Total Non-Current Liabilities
19
20
21
22
8,297,850,502
500,000,000
2,000,000,000
430,497,299
11,228,347,801
8,554,895,762
500,000,000
2,000,000,000
379,426,612
11,434,322,374
Deferred Credits
23
113,032,871
145,904,150
78,949,698,654
76,929,030,018
95,212,828,334
93,729,445,445
Non-Current Assets
Property and Equipment - Net
Investments in Securities
Notes Sinking Fund
Other Non-Current Assets
Total Non-Current Assets
Equity
44
philippine ports
authority
annual
re p o r t
Notes
REVENUES
ICTSI Fees
Wharfage Dues
Share in Arrastre/Stevedoring Income
Dockage Fees
Port Dues
Storage Charges
Port Usage Fees
Terminal Fees
Vessel Traffic Management Service Fees
Pilotage
Lay-Up Fees
Other Income
2010
As Restated
2009
46
1,242,469,260
3,597,940,082
4,840,409,342
2,128,901,357
172,321,940
16,952,837
(533,373,996)
(491,460,392)
141,073
142,350,268
17,449,706
295,763,460
(501,761,120)
(46,197,686)
1,968,407,059
42
43
44
45
1,313,540,451
3,988,847,768
(835,418,538)
OTHER INCOME/(EXPENSES)
Fund Management Income
Other General Income
Foreign Exchange Gain(Loss) on Revaluation
Financial Expenses
Gain on Sale of Disposed Assets
6,969,310,699
2,803,825,597
2,526,887,668
1,394,003,399
1,230,974,879
443,338,689
347,506,688
200,501,075
239,813,135
211,168,990
15,130,260
23,339,822
1,907,294
334,738,800
5,302,388,219
40
41
2,760,143,493
1,671,023,309
1,601,639,218
521,291,362
383,871,349
289,422,380
273,473,539
139,336,910
16,234,724
31,065,731
12,297,495
406,414,307
8,106,213,816
OPERATING EXPENSES
Personal Services
Maintenance and Other Operating Expenses
28
29
30
31
32
33
34
35
36
37
38
39
2,082,703,671
476,543,671
469,866,369
1,491,863,388
1,612,837,302
45
24
Donated Surplus
Balance at Beginning of Year
Donations Received from Mindanao
Development Authority
Donations Received from LGU and
Other Entities
As Restated
2009
2010
25
4,312,337,376
4,312,337,376
4,312,418,376
(81,000)
4,312,337,376
845,327,671
845,077,671
95,960
250,000
845,423,631
APPRAISAL SURPLUS
Balance at Beginning of Year
Adjustments in Assets Appraised Values
Balance at End of Year
57,623,437,073
12,105,824
57,635,542,897
14,135,822,074
529,359,688
1,491,863,388
16,157,045,150
14,033,813,395
212,115,749
1,612,837,302
(200,000,000)
(1,522,944,372)
14,135,822,074
78,949,698,654
76,929,030,018
26
RETAINED EARNINGS
Balance at Beginning of Year
Prior Years Adjustment
Net Profit During the Year
Dividends Paid During the Year
Provision for Additional Dividends
Balance at End of Year
845,327,671
57,635,542,897
(650,400)
57,634,892,497
27
TOTAL EQUITY
46
philippine ports
authority
annual
re p o r t
2009
7,691,706,150
172,321,940
423,367,144
62,227,402
441,625
(2,313,238,322)
(529,866,126)
(156,436,748)
(32,871,279)
6,761,069,712
142,350,268
19,355,257
5,800,158
(120,192)
(2,598,636,464)
(984,459,106)
(52,614,514)
4,978,541
5,317,651,786
3,297,723,660
(1,544,674,827)
(2,074,441,405)
(148,571,511)
23,441,815
(1,897,565,801)
1,053,934,831
(3,767,687,743)
(820,189,155)
(728,292,111)
(880,505,789)
31,867,167
500,000,000
(745,265,687)
(200,000,000)
(78,672,406)
(1,576,930,733)
(523,938,093)
(2,252,088)
(847,057)
(29,218,778)
1,952,749,355
2,631,730,631
678,981,276
2,602,511,853
2,631,730,631
47
o
o
o
o
o
o
o
As of December 31, 2010, the total cost incurred for the project was
P1.11 billion which includes payments to contractor, consultants,
softwares, IT hardware/equipment, furniture and fixtures, and
administrative expenses.
48
philippine ports
authority
handling and storage charges, cranage fees, terminal fees and other
port charges. In consideration, the MNHPI shall remit to the Authority
a fixed fee of six billion eight hundred eighteen million eight hundred
fifty five thousand pesos (P6,818,855,000) for a period of 25 years. The
management of the PPA at Manila North Harbor, on the other hand,
shall continue to collect charges such as Usage Fees, Wharfage and
Vessel Traffic Management Services Fees.
annual
re p o r t
Infrastructure
126.685
6.473
17.061
150.219
In Million US $
Equipment
IT
123.075
8.987
1.930
.362
15.180
.706
140.185
10.055
Total
258.747
8.765
32.947
300.459
On 13 March 1992, PPA entered into a contract with ATI granting the
company sole and exclusive management and operation of cargo
handling services at the South Harbor of Manila up to 13 March
2007. Subsequently, a Compromise Agreement was executed on 18
September 1995. On 2 March 1998, a Supplemental Agreement was
executed extending the contract with ATI up to 18 May 2013 renewable
for another 25 years.
Income Tax
For income tax purposes, net profit less tax credit on investment in
fixed assets is declared. The tax credit is allowed under Section 25 of
PD 857 dated 28 December 1975. The Bureau of Internal Revenue
ruled that there is no express legal basis by which the PPA shall
claim as deduction in full its investments or capital expenditures
and, simultaneously, recover its cost as depreciation allowance. The
PPA opted for the special deduction or tax credit on investment in
fixed assets or capital expenditures during the year instead of the
depreciation expense as allowable deduction in the computation of the
Regular Corporate Income Tax (RCIT).
Description
Infrastructure
Equipment
IT & Communication Requirements
In Million US$
$ 204.80
79.00
16.20
$ 300.00
$ 73.361
57.830
7.904
$ 139.095
Any excess funds from a specified project and any unused funds
for projects not implemented by agreement of the parties shall
be utilized for developments pursuant to the Investment Plan
as may be agreed by the parties.
49
Investments
Purchase
Age (Days) of
A/R Trade
Rate of
Allowance
1-30
31-90
91-180
181365
Over
365
10%
20%
40%
60%
Dormant
with
Nil Chance
of Collection
5%
100%
Inventories
In conformity with COA Circular 2005-002 dated 14 April 2005, semiexpendable items with estimated useful life of more than a year
but small enough to be considered as property and equipment are
considered part of the inventory upon acquisition. Items issued during
the year are treated as expense, charged to profit or loss of the current
year.
50
2010
2,574,743,169
27,356,383
275,745
136,556
2,602,511,853
2009
2,591,341,479
37,468,455
2,739,794
180,903
2,631,730,631
philippine ports
authority
7. RECEIVABLES
8. INVENTORIES
annual
re p o r t
Receivables-Trade
Accounts Receivable
Notes Receivable
Interest Receivable
Less Allowance for Doubtful Accounts
Other Receivables
Due from Officers & Employees
Due from Operating Units & Other Funds
Due from NGAs, GOCCs & LGUs
Miscellaneous Receivables
Less Allowance for Doubtful Accounts
2009
846,880,662
29,088,731
559,990
876,529,383
(77,274,265)
799,255,118
838,646,229
29,770,293
508,117
868,924,639
(115,617,133)
753,307,506
129,083,223
47,074,074
24,310,371
82,090,876
282,558,544
(33,591,923)
248,966,621
1,048,221,739
186,682,901
38,805,092
28,720,373
56,281,881
310,490,247
(18,306,258)
292,183,989
1,045,491,495
Due from Operating Units & Other Funds covers the net income of
Special Take-Over Units (STUs) that are due for remittance to the
Port Management Offices of the Authority, the revolving funds of
field or terminal offices and unsettled cash advances for various port
development projects.
Due from NGAs, GOCCs, & LGUs consists of the amounts due from
various departments, bureaus, corporations and local units of the
government. Included is a cash advance amounting to P4.20 million
issued by PMO Cagayan de Oro to the provincial government of Camiguin
for land acquisition and relocation expenses of families affected by port
development projects at Benoni. The account also includes accrued
interests on investments in Treasury Bills and on bank deposits.
Rate
5%
10%
20%
40%
60%
100%
Amount of
Provision
412,970
939,586
2,548,071
7,363,963
60,747,282
5,262,393
77,274,265
2010
194,315,625
150,527,568
22,980,647
14,291,617
67,413,403
449,528,860
As Restated
2009
199,930,177
66,657,062
26,204,868
23,519,721
98,573,159
414,884,987
The account balance for 2009 was restated to reflect the adjustment
for the overpayment of Income Tax for the said year in the amount of
P76.50million.
9. PREPAYMENTS
2010
63,621,456
8,980,255
236,760
72,838,471
2009
195,675,487
9,421,880
240,760
205,338,127
51
Miscellaneous-Input Value Added Tax (VAT) pertains to the carried over balance of VAT paid by the Authority for acquired goods and services that may
be applied as tax credit or deducted from the remittance of Output VAT.
Guaranty Deposits consist of the amounts deposited with contractors/suppliers to guarantee performance of obligation, such as deposits with
Meralco, PLDT, lessors of buildings occupied by the Authority, and others.
(Amounts in Thousands)
Machinery
Motor
and
Vehicles
Equipment
Land
Buildings
and Other
Structures
Construction in
Progress
59,484,221
59,484,221
36,196,258
(13,300,504)
22,895,754
2,687,404
2,687,404
199,410
(117,496)
81,914
59,484,221
914,752
(82,268)
-
22,895,754
1,448,543
(78,896)
(1,339,169)
2,687,404
2,418,542
(2,290,625)
-
(109,800)
Office
Equipment
Other
Fixed
Assets
TOTAL
286,526
(128,803)
157,723
1,388,562
(472,146)
916,416
1,352,949
(959,392)
393,557
101,595,330
(14,978,341)
86,616,989
81,914
1,373
(2,721)
(12,405)
157,723
39,753
(6,603)
(23,970)
916,416
220,757
(29,917)
(127,918)
393,557
(273,509)
(54,412)
86,616,989
5,043,720
(2,764,539)
(1,557,874)
2,199
8,024
39,286
243,896
183,605
60,316,705
22,816,432
2,815,321
70,360
174,927
1,018,624
309,532
87,521,901
60,316,705
60,316,705
37,565,905
(14,749,473)
22,816,432
2,815,321
2,815,321
198,062
(127,702)
70,360
319,676
(144,749)
174,927
1,579,402
(560,778)
1,018,624
1,079,440
(769,908)
309,532
103,874,511
(16,352,610)
87,521,901
The value of land includes the cost of entry of Judgment from the Supreme Court En Banc in G.R. Nos. 154211-12, 158252, 166200, 168272, 170683
and 173392 amounting to P255 million which will be paid in 2011 to the owners of property covered by Batangas Port Development Project Phase II.
The value of Construction in Progress corresponds to the percentage of completion of each project as reported by the Engineering Office as of
December 31.
Depreciation expense on port structures amounting P1,289,229,403 accounted for 82% of the total depreciation during the year of P1.57 billion.
The account includes various fixed assets currently being utilized by Asian Terminals, Inc. (ATI) and still in the books of PMO South Harbor. The list of
assets, their costs, accumulated depreciation and carrying amounts follows:
Asset Type/Description
ATI Hiring Hall (formerly Port Police Division/Port Engg. Office, Rotation Hall, Blk 155
Concrete and Asphalt Pavement, CY 01
Concrete Yard, CY 02
Concrete Yard, CY 03 (Stalag)
Water Line Distribution System, Pier 5*
Warehouse No. 1 Block 170 (formerly Metroport)
Warehouse No. 2/ATI Operations & Engg. Center, Blk 141 (formerly Metroport)
Warehouse No. 3/ATI Engg. Workshop Blk 142 (formerly Metroport)
Warehouse No. 1-B, Blk 109
No. 2 Pier 13, Shed E
No. 9 Pier 9, Shed B
Gate 4 Entrance Shed & Security Booth
ATI GSD Workshop (formerly Marina Motorpool Shop & Shed, Blk 177)
Pier 3
Pier 15 (old) including rehabilitation and other works
Pier 13
RO-RO Ramp, Pier 13
Pier 9 (old) including rehabilitation and other works
Pier 5 (old) including rehabilitation and other works
Note:
52
Reproduction
Cost
CY 2006
7,300,000
66,745,000
19,032,000
3,795,000
23,600,000
16,700,000
11,080,000
32,670,000
12,408,000
25,220,000
1,135,000
15,390,000
328,254,000
349,728,000
380,259,000
9,277,000
331,674,000
386,880,000
2,021,147,000
12,272,000
13,694,000
5,761,600
23,522,400
8,933,960
18,158,400
1,021,500
10,311,800
190,511,360
207,265,360
197,814,660
8,349,300
249,199,880
167,051,320
1,169,615,500
11,328,000
3,006,000
5,318,400
9,147,600
3,474,040
7,061,600
113,500
5,078,200
137,742,640
142,462,640
182,444,340
927,700
82,474,120
219,828,680
851,531,500
36,774,000
33,096,600
3,677,400
philippine ports
authority
2010
1,825,936,343
347,002,804
270,000
2,173,209,147
2009
817,095,558
98,683,185
270,000
916,048,743
The holding period of the T-bills, with interest rates of 4.35% to 4.60%,
ranges from 348 to 364 days. The Land Bank bonds consist of 25-year,
6% bonds that are tax-free; whereas the Treasury bonds with holding
period of 974 and 1,032 days and interest rate of 8.5% and 5.25% will
mature in March 2011 and January 2013.
13. NOTES SINKING FUND
Non-Operating Assets
Receivable from MNHPI
Restricted Cash Deposits
Deposits with the BTr
Receivable from the PNR
Items in Transit
Others
annual
re p o r t
2010
232,727,700
102,506,548
22,030,546
18,748,154
18,000,000
3,061,712
1,304,172
398,378,832
18,000,000
380,378,832
2009
287,085,898
102,506,548
743,573,384
18,748,154
18,000,000
66,936,756
1,218,531
1,238,069,271
18,000,000
1,220,069,271
2010
2,739,668,960
196,867,637
45,402,624
509,175
2,982,448,396
2009
1,921,991,429
265,871,357
46,341,955
92,829,553
2,327,034,294
53
Due to the BTr balance in CY 2009 was restated due to dividends for CY
2008 and 2009 of P712,919,626 remitted and taken up in CY 2010.
2010
470,287,912
80,230,795
27,169,682
12,818,357
4,981,733
4,551,753
979,049
126,318
601,145,599
As Restated
2009
1,551,310,931
173,202,752
7,846,175
16,944,080
1,422,706
50,312,467
1,259,906
219,923
1,802,518,940
Trust Liabilities
Depository Liabilities
Current Portion-Retirement Payable
Performance/Bidders Bonds Payable
Tax Refund Payable
Other Payables
2009
143,554,198
76,042,985
35,367,591
29,642,878
4,258,246
73,477,659
362,343,557
Interest
Rate
%
6.53
3.00
3.00
3.00
3.00
2.70
2.30
2.20
2.20
2.00
2.00
Current Portion
No. of Years
& Maturity
Date
20.0 Oct. 2012
20.5 June 2010
20.5 Sept. 2013
20.5 Jan. 2018
20.5 Jan. 2018
20.5 June 2021
20.5 Mar. 2027
20.0 Sept. 2028
31.0 Sept. 2038
20.0 Dec. 2011
20.0 Dec. 2011
Loan
Amount
$
43,083,327
1,529,753,393
169,794,479
61,381,669
169,158,544
5,497,049,624
502,889,141
13,788,000,000
767,000,000
306,775
2,388,410
Outstanding Balance
In Peso
In Foreign Currency
1,385,079,094
11,193,000
33,120,000
25,449,000
70,108,000
3,083,679,000
429,240,000
12,307,554,000
970,514,000
30,677
226,668
2010
P 520,216,578
13,349,016
12,067,317
33,243,564
1,513,067,434
217,492,229
6,265,970,071
503,569,595
890,158
6,151,707
9,086,017,669*
(788,167,167)
P 8,297,850,502
54
2009
P 700,711,514
5,662,539
16,755,408
12,874,649
35,467,637
1,560,033,206
217,152,516
6,226,391,569
490,983,033
2,045,100
15,110,703
9,283,187,874
(728,292,112)
P 8,554,895,762
philippine ports
authority
2010
Balance as of January 1
Less Payment of Retirement Gratuity and
Terminal Leave Benefit During the Year
Add Provisions for the Year
Accumulated Leave Credits
Retirement Gratuity
Total Retirement Payable December 31
Less Current Portion
Retirement Payable Non-Current Portion
2009
414,794,203
359,455,254
(49,197,621)
(42,463,908)
21,686,620
78,371,811
465,655,013
(35,157,714)
430,497,299
22,644,267
75,158,590
414,794,203
(35,367,591)
379,426,612
annual
re p o r t
Net Income for 2009 was restated due to excess payment of income
tax for CY 2009 taken up as prepaid taxes in 2010. In 2009, Financial
statement disclosed an income tax of P546,369,843 while the final
Income Tax Return showed that the amount due is P469,866,369
only with a difference of P76,503,474. Also, Provision for Dividends
as reflected in the Financial Statement was restated to reflect
understatement of Dividends Payable taken up in 2009. In 2009,
Dividends Payable taken up is only P810,024,746 for 2008 and none for
2009 in 2009 Financial Statements. In 2010, adjustment on Dividends
Payable of P712,919,626 was taken up, P89,179,362 for 2008 and
P623,740,264 for 2009.
The contract provides that the contractor shall remit to the Authority
in Philippine Pesos an amount equivalent to Three Hundred Thirteen
Million Seven Hundred Fifty Six Thousand ($313,756,000) US Dollars in
one hundred (100) quarterly installments, payable in advance not later
than the fifth (5th) day of the first month of every quarter without the
need for demand. The U.S. dollar equivalent of the Philippine peso
shall be based on the reference rate of the Bankers Association of the
Philippines or the equivalent reference rate at the time the payment is
made.
In addition to the Fixed Fee, the contractor shall share with the Authority
variable fee equivalent to 20% of its GROSS REVENUE which, as defined
in the contract, shall include all income generated by the Contractor
from the MICT from every source and on every account except interest
income, whether collected or not, to include but not limited to Harbor
Dues, Berthing Fees, Wharfage, Cargo Handling Revenues, Cranage
Fees, Stripping/Stuffing Charges and all other revenues from Ancillary
Services.
Output VAT
Deferred Credits to Income
Other Deferred Credits
2010
91,835,401
14,314,441
6,883,029
113,032,871
2009
86,102,505
53,011,269
6,790,376
145,904,150
26. APPRAISAL SURPLUS
3. For the extended term, the Fixed Fee shall be US$600 million
payable in 100 quarterly installments, to be paid in advance not
later than the 5th day of the first month of every quarter without
the need for demand;
4. The variable fee during the extended term shall be 20% of the gross
revenue earned at the MICT.
29. WHARFAGE DUES
55
Service Income
Fines and Penalties-Service Income
Seminar Fees
Other Service Income
Business Income
Rent Income-Buildings, Warehouses
&Guesthouses
Reefer Services
Sale of Water
Sale of Power
Printing and Publication Income
Net Income from STUs
Parking Fees
Fines and Penalties-Business Income
Rent Income-Operations/Rental of
Crane/Cargo Handling Equipment
Other Business Income
Income from Dormitory Operations
Truck Scale
Others
56
8,253,734
6,746,773
961,523
15,962,030
7,208,388
5,053,074
1,450,771
13,712,233
97,200,898
1,113,660
98,314,558
3,343,185
299,160
1,309,617
4,951,962
161,673,052
24,036,388
16,541,474
16,947,645
16,366,271
16,240,711
3,462,502
3,326,558
174,893,132
20,304,385
47,857,582
13,696,670
11,160,182
18,163,022
3,820,179
11,247,168
2,289,698
2,110,367
1,073,569
619,983
27,449,501
123,936
3,159,775
847,656
485,131
10,315,787
316,074,605
406,414,307
2009
292,137,719
334,738,800
2009
558,916,343
484,937,676
284,331,818
60,339,146
52,307,640
51,944,887
14,810,861
13,952,182
11,656,917
9,018,594
4,877,916
938,000
797,903
196,498
126,018
505,298,380
316,356,234
51,784,306
54,163,921
15,354,887
14,256,273
7,476,693
11,106,321
10,113,860
3,998,000
37,730,187
199,476
120,787
3,600
522,664,545
philippine ports
authority
2010
57,148,240
5,829,350
2,857,029
3,394,718
69,229,337
52,837,471
81,663,223
21,726,814
5,116,013
1,805,303
920,453
5,963,408
53,022,955
77,975,802
22,679,905
5,064,815
1,827,150
921,226
4,145,849
165,637,702
1,313,540,451
66,908,410
6,390,644
2,714,230
3,279,759
79,293,043
2009
170,032,685
1,242,469,260
760,731,614
606,242,583
214,658,692
151,530,706
126,308,269
110,835,520
70,725,240
51,057,580
50,959,115
49,425,300
37,313,693
27,818,682
24,716,710
20,624,843
16,998,669
11,323,727
8,163,110
8,000,000
3,904,554
1,607,146
1,089,769
754,304
571,829
473,833
8,500,240
2,364,335,728
341,543,528
569,824,706
192,677,178
162,679,271
114,603,814
232,890,224
66,709,913
44,291,818
80,504,922
6,241,250
31,881,638
22,528,595
22,932,570
20,907,530
7,862,226
10,591,805
11,308,919
8,000,000
556,000
29,822,350
1,268,866
581,693
602,735
294,432
179,214
8,508,104
1,989,793,301
1,557,874,705
34,532,864
32,070,426
34,045
1,571,632,180
29,360,866
6,910,159
243,576
1,608,146,781
3,988,847,768
Non-Cash Expenses
Depreciation Expense
Final Tax
Bad Debts Expense
Loss on Assets
2009
1,624,512,040
annual
re p o r t
3,597,940,082
2010
704,213,455
26,264,143
20,296,694
9,957,322
760,731,614
2009
317,631,502
8,023,690
6,578,767
9,309,569
341,543,528
Utility Expenses cover the costs of water, electricity, and gas for
illumination consumed at office buildings, grounds and other port
structures.
Taxes, Insurance and Other Fees represent the amounts incurred for
taxes, duties, licenses, vehicle registration fees, fidelity bond premiums
of accountable officers, and insurance premiums for motor vehicle and
other property.
Final Tax pertains to the tax deducted on the interest income earned on
investments in securities.
Interest Income
Insurance Income
Miscellaneous Income
2010
5,653,025
597,849
10,701,963
16,952,837
2009
3,539,903
318,562
13,591,241
17,449,706
57
2010
2009
(531,121,908)
296,610,517
(2,252,088)
(847,057)
(533,373,996)
295,763,460
The following are the peso equivalent per Bangko Sentral ng Pilipinas
guiding rates of exchange that were used in determining the outstanding
balances of foreign loans and dollar deposits as of reporting date:
Currency
United States Dollar ($)
Japanese Yen (Y)
European Euro ()
2010
43.8850
0.5374
58.0335
2009
46.3560
0.5059
66.6646
2010
391,336,219
93,262,599
6,511,933
290,291
59,350
491,460,392
2009
395,930,998
113,369,728
(10,199,217)
2,588,230
71,381
501,761,120
58
198,259,267
23,929,109
1,669,334
370,394
362,509,947
Total
Less Claims for Tax Credit and Other Adjustments
586,738,051
(535,391,479)
51,346,772
philippine ports
authority
10,500
23,197,344
1,720,240
75,328
803,937
25,807,349
5. Withholding Taxes
Tax on Compensation and Benefits
Creditable Withholding Taxes
Final Withholding Taxes
139,930,787
91,582,419
160,741,298
392,254,504
PPA has no final assessment notice from any BIR Regional Office.
annual
re p o r t
59
BOARD DIRECTORS
JOSE P. DE JESUS
Government Posts
Executive Director of the Career Executive Service Board under
the Civil Service Commission during the administration of
President Marcos
Director and Senior Vice President for Operations and later on as
President, Development Academy of the Philippines
Undersecretary, Department of Education, Culture & Sports under
President Corazon Aquino
Secretary for the Department of General Services, Presidential
Coordinating Assistant for Human Resources and Public Welfare
and Chairman of the Presidential Task Force on Post-Earthquake
Rehabilitation, under President Corazon Aquino
Public Works Secretary under President Corazon Aquino and during
the time of President Fidel V. Ramos.
Appointed Secretary, DOTC by President Benigno S. Aquino III
Private Positions
Vice-President of the Private Development Corporation of the
Philippines President and Chief Operating Officer of
Meralco Corporation.
Member of the board of management of the Asian and Pacific
Development Center (APDC)
Member of the Board of Directors and later as Executive
Vice-President of he Philippine Long Distance Co.
t
Chairman of the privatized Manila Waterworks & Sewerage System
Chairman of the Manila North Tollways Corporation
Government Posts
Project Officer & Coordinator of the Human Settlements
Regulatory Commission
Division Manager of the Regulatory and Legal Affairs Division and
later as Manager of the Port Operations Services Department,
Port District Manager of PDO Manila, Acting Assistant General
Manager for Operations, PPA
Executive Director of the Office of Transportation Cooperatives
under the Department of Transportation and Communications
Corporate Board Secretary to the Manila International
Airport Authority, Philippine National Lines, Philippine National
Railway, Toll Regulatory Board and the Maritime Industry Authority.
Member of the Board of Philippine National Lines,
Philippine National
Railway, Toll Regulatory Board and the Maritime Industry Authority.
Appointed by President Benigno S. Aquino III in July 2010 as
General Manager of PPA
GREGORY L. DOMINGO
Government Posts
Appointed as Undersecretary of the Industry and Investment Group,
DTI President Arroyo
Appointed as Secretary, DTI by President Benigno Aquino III
Private Positions
Started out in various financial institutions in Philadelphia,
Pittsburgh and New York, such as the First Boston, Drexel Burnham
Lambert and Mellon Bank
60
Private Positions
Senior Vice President of F.F. Cruz & Co., Inc.
Executive Vice President of F.F. Marine Corp.
Vice President of F.F. Shipping Corp.
Vice President, Freyssinet Filipinas, Inc.
Vice President, Filmetrics Corp.
Vice President, Philipps Technical Consultants Corp.
President, Forex Hongkong, Forex Britania, Ltc., Forex Singapura
President, Sta. Ana Aggregates Corp
Served as member of the Board of Directors to
St. Bernard Service Corp., Pantranco South Express Transport Corp.,
Fil-Transit Bus Corp., Manila City Bus Corp. and Pasvil Liner
CESAR V. PURISIMA
Government Posts
Secretary of the Department of Trade and Industry under
President Arroyo
Secretary of the Department of Finance under President Arroyo
Chair and Board Member of National Power Corporation, Land Bank
of the Philippines, and Monetary Board (Bangko Sentral ng Pilipinas)
Appointed as Secretary of DOF by President Benigno Aquino III
Private Positions
Member of Global Board of Andersen Worldwide
Head, Asia Pacific Assurance Practice of Andersen Worldwide and
ASEAN Operation
Member, the Global Executive Board of Ernst & Young
Member, Management Association of the Philippines, Philippine
Institute of Certified Public Accountants, Philippine-France
Business Council, Philippine-Thailand Business Council and the
MakatiBusiness Club
Government Posts
Junior Forester, Bureau of Forest Development (now Forest
Management Bureau) and later as Assistant Secretary for
Management Services and Director for Human Resources
Development and Undersecretary for Field Operations and
Programs Development, DENR and concurrent Executive Director of
the Minerals Development Council under the Office of the President
Appointed Secretary of DENR by President Benigno Aquino III
Awards & Distinctions
Ten Outstanding Young Men (TOYM) from the Philippine Jaycees
Outstanding Professional of the Philippines from the Professional
Regulation Commission
Outstanding Alumnus in Government Service from the University of
the Philippines at Los Baos
Dr. Jose Rizal Huwarang Pilipino Awardee for public service
given by the Parangal ng Bayan Awards Foundation
Government Posts
Systems Analyst and later as Assistant Director/Resident Manager,
Development Academy of the Philippines
Presidential Staff Director, Director IV, Assistant Executive Secretary
and Presidential Assistant I, Office of the President
Vice Chairman/Executive Vice President and later Chairman/
President of the Bases Conversion Development Authority
Senior Vice President of Fort Bonifacio Development Corp.
Chairman of the Board of John Hay Poro Point Development Corp.
Board Member for the Subic Bay Metropolitan Authority,
the National Power Corporation and the Metropolitan Waterworks
& Sewerage System
Appointed as Secretary, DPWH by President Benigno Aquino III
Private Positions
Senior Vice President of Citadel Holdings, Inc.
President & Chief Executive Officer of Maynilad Water Services
ROGELIO L. SINGSON
EMERSON M. LORENZO
Government Posts
Instructor and researcher specializing in economic and transport
geography and later as faculty member of the UP Department
of Geography
Senior Research Assistant and later as Director in June 1993
IMO Consultant for two (2) ASEAN projects
Appointed as MARINA Administrator by President Benigno Aquino III
Government Posts
Senior Corporate Attorney and later as Chief Corporate Attorney,
Division Manager and Acting Department Manager of the
Legal Services Division, PPA
Acting Port Manager of PMO Legaspi
61
EXECUTIVE OFFICERS
62
Hector E. Miole
David R. Simon
Tomas B. Carlos
Raul T. Santos
DEPARTMENT MANAGERS
Engineering
Service Office
Office of the
General Manager
Carlito M. Castillo
Facilities Construction &
Maintenance Dept.
Rosalia G. Banson
Controllership Dept.
Operations Office
Roberto C. Aquino
Port Operations &
Services Dept.
Emma L. Susara
Commercial Services
Dept.
Madeleine C. Abada
PPA Training Center
Jesus V. Tolosa
Port Police Dept.
Rolando K. Perez
Harbor Maintenance Dept.
Romelo T. Mascaria
Project Development Dept.
Virginia G. Quina
Treasury Dept.
Lilian T. Javier
Human Resource Management Dept.
Virginia S. Valero
Administrative Services Dept.
Francisquiel O. Mancile
Legal Services Dept.
63
Efren B. Bollozos
Edgar C. Pilar
Winfred G. Elizalde.
Silverio D. Mangaoang, Jr.
German P. Tuguigui
Hector E. Miole
PMO Batangas
PMO Legazpi
PMO Puerto Princesa
PMO Calapan
PDO Visayas
Renato T. Tolinero
Luis A. Cuison
Dominador D. Licayan
Enrique H. Fuentebaja
Glenn G. Cabaez, Jr.
Manuel A. Boholano
PMO Dumaguete
PMO Iloilo
PMO Tacloban
PMO Pulupandan
PMO Ormoc
PMO Tagbilaran
Christian V. Santillan
Christian V. Santillan
(concurrent)
Liberto C. De La Rosa
Liberto C. De La Rosa
(concurrent)
Roger B. Asprer
Leonilo E. Miole
64
PMO Davao
PMO General Santos
PMO Cotabato
PMO Dapitan
PMO Zamboanga
Head Office
Port of Iloilo
Prepared by:
Monitoring and Evaluation Division,
Concept, Design, Photography and Printing:
Mode Matrix Manila, Inc.
annual
r e p o r t
www.ppa.com.ph