Beruflich Dokumente
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Telephone
Fax
Internet
Manabat Sanagustin
& Co.,
CPAs,
a Philippine
partnership and a member firm of the KPMG network of
independent member firms affiliated with KPMG International
Cooperative (KPMG International), a Swiss entity.
ABCD
Loans and Advances
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Per branch, per area and consolidated aging schedule of loans receivable;
Loan status report from January 2011 to December 2011;
Actual monthly releases of loans per program from January 2011 to December 2011;
Interest rates for each loan program during the year;
Per branch and consolidated aging schedule of employee loan with subsequent collection
after December 31, 2011, segregated for each funds;
Per branch and consolidated aging schedule of advances to officers and employees with
subsequent collections after the period end segregated for each funds;
Consolidated aging schedule of accounts receivable others with subsequent collections
after the period end segregated for each fund;
Schedule of Accounts Receivable - AUSAID OI with supporting documents;
Schedule of Accounts Receivable - COCOLIFE with supporting documents
Schedule of Accounts Receivable - DSPI with supporting documents;
Schedule of Accounts Receivable - Others II with supporting documents
Schedule of Accounts Receivable - Katuwang Foundation with supporting documents; and
Schedule of accounts receivable written-off with corresponding board resolution on the
said write-off.
Consolidated schedule of prepaid expense segregated per fund, including clear and concise
descriptions;
Consolidated schedule of prepaid supplies segregated per fund, including clear and concise
descriptions;
Consolidated schedule of other prepayments segregated per fund, including clear and
concise descriptions; and
Consolidated schedule of prepaid rent, segregated per fund and indicate period of
applicability.
4.
Investments
1.
2.
3.
ABCD
Due to / Due from
1.
Other Assets
1.
2.
3.
4.
Consolidated aging schedule of cash advances with subsequent collections after period end
segregated for each funds;
Cash surrender value of insurance premium with Ayala life;
Schedule of contributions to Ayala Life for the year; and
Schedule of receivable from KMBI with supporting documents.
Schedule of accounts payable with subsequent payments after December 31, 2011; and
Schedule of accrued expenses.
Other Liabilities
1. Supporting schedule of Miscellaneous Liabilities included under Other Liabilities; and
2. Schedule of Due to Loan Beneficiaries (Misc. Liabilities - CBU including accrued
interests).
Income and Expenses
1.
2.
3.
Moreover, kindly fill-out the hereto attached Annex A (disclosure requirements for the separate
financial statements of the Company).
Please be advised that the above requests are not all-inclusive. Other items may be requested
during the course of the audit.
We would like to emphasize that all schedules to support the trial balance should be duly
reconciled with the trial balance before submitting to us and please provide a soft copy of the
above requirements preferably in MS Excel format.
ABCD
*For lists of banks, creditors and legal counsel, please provide us these schedules within a week
after you have received this letter in order for us to facilitate the preparation and distribution of
confirmation letters.
We would appreciate the receipt of above-mentioned audit requirements on or before January 4,
2012.
Very truly yours,
Jectofer D. Arlos
Supervisor
CONFORME:
Taytay sa Kauswagan, Inc.
By:
_____________________
Date: _____________________
ABCD
ANNEX A
Please fill-out the hereunder disclosure requirements for the separate financial statements of
Taytay sa Kauswagan, Inc.
Financial Risk Management
Credit Risk
An analysis of the gross and net (of allowances for impairment) amounts of individually
impaired assets by risk grade as of December 31, 2011 are set out below:
Available-for-sale
Securities
Gross
Net
Liquidity Risk
The following tables summarize the maturity of the Organizations financial assets and
liabilities based on contractual repayment arrangements:
Up to 1 Year
Total
Assets
Cash and cash equivalents
Loans and advances - net
Prepayments and other assets
Liabilities
Accounts payable and
accrued expenses
Borrowings
Due to loan beneficiaries
Net liquidity gap
ABCD
Property and Equipment
The movements in this account follow:
Year Ended December 31, 2011
Furniture,
Buildings and Transportation Fixtures and
Leasehold
Land Improvements
Equipment Equipment Improvements
Total
Costs:
Beginning balance
Additions
Ending balance
Accumulated depreciation and
amortization:
Beginning balance
Depreciation and amortization
Ending balance
Carrying amount:
Beginning balance
Ending balance
Amount
Subsidiary
Subsidiary
The key management personnel compensation and other benefits included as part of Personnel
cost account under project expenses in the separate statements of revenues and expenses are as
follows:
Amount
Short-term employee benefits
Post-employment benefits
Lease Contracts
Rent Income
Future minimum rental commitments are as follows:
Amount
Not later than one (1) year
Later than one (1) year and not later than five (5) years
ABCD
Rent Expense
The future aggregate minimum lease payments follow:
Amount
Not later than one (1) year
Later than one (1) year and not later than five (5) years
ABCD
ANNEX B
Please ensure that the hereunder minimum disclosure requirements are presented in the audited
financial statements of the subsidiaries. This will help expedite the consolidation of the financial
statements of the Taytay sa Kauswagan, Inc. and Subsidiaries.
Financial Risk Management
Credit Risk
An analysis of the gross and net (of allowances for impairment) amounts of individually
impaired assets by risk grade as of December 31, 2011 are set out below:
Available-for-sale
Securities
Gross
Net
Liquidity Risk
The following tables summarize the maturity of the Organizations financial assets and
liabilities based on contractual repayment arrangements:
Up to 1 Year
Total
Assets
Cash and cash equivalents
Loans and advances - net
Prepayments and other assets
Liabilities
Accounts payable and
accrued expenses
Borrowings
Due to loan beneficiaries
Net liquidity gap
ABCD
Total
Costs:
Beginning balance
Additions
Ending balance
Accumulated depreciation and
amortization:
Beginning balance
Depreciation and amortization
Ending balance
Carrying amount:
Beginning balance
Ending balance
KMDC
OK Bank
Nature of Relationship
Subsidiary
Subsidiary
Amount
The key management personnel compensation and other benefits included as part of Personnel
cost account under project expenses in the separate statements of revenues and expenses are as
follows:
Amount
Short-term employee benefits
Post-employment benefits
Lease Contracts
Rent Income
Future minimum rental commitments are as follows:
Amount
Not later than one (1) year
Later than one (1) year and not later than five (5) years
ABCD
Rent Expense
The future aggregate minimum lease payments follow:
Amount
Not later than one (1) year
Later than one (1) year and not later than five (5) years
10