Notes To FS Conso

Annex F
DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT

Regional Office X
Financial statements for the year ended December 31, 2016
DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT PPSAS 1

Notes to Financial Statements
For the year ended December 31, 2016
1. General Information/Agency Profile
The financial statements of Department of Social Welfare and Development PPSAS

Regional Office X were authorized for issue on January 19, 2016 as shown in the 1.63(b)
Statement of Management Responsibility for Financial Statements signed by Nestor PPSAS
B. Ramos, the Regional Director. 14.26
On 15 February 1915, upon creation of the Public Welfare Board during the
American Regime, the government started to get involved in social welfare. The PPSAS
board was established to coordinate, regulate and supervise social services 1.150
activities and other charitable works rendered by religious orders and organizations.
Finally, in 1917, the first government orphanage was established. As a result of
several changes by the government in its bureaus and departments, the original
Public Welfare Board of the year 1915 became The Department of Social Welfare
and Development (DSWD). After which, The Social Welfare Administrator was
formally created by virtue of Executive Order No. 396 dated 13 January 1951.
Republic Act No. 5416 known as the Social Welfare Act was approved in 1968. It
was made into a Department, whose responsibility was to provide comprehensive
program of social welfare services designed to ameliorate the living conditions of
distressed Filipinos, particularly those who are handicapped by reason of poverty,
youth, physical and mental disability, illness and old age, or who are victims of
natural calamities including assistance to members of the cultural minorities.
With the provision of DSWD Mandate under Executive Order No. 15, DSWD was
transformed from the rowing to steering role that usher in the new vision, mission
and goals for the Department.
The Departments vision is directed towards the attainment of a society where the
poor, vulnerable and disadvantaged individuals, families and communities are
empowered for an improved quality of life.
In the pursuit of its vision, the DSWD mission is to provide social protection and
promote the rights and welfare of the poor, vulnerable, and disadvantage individuals,
family and community to contribute to poverty alleviation and empowerment through
SWD policies, programs, projects and services implemented with or through Local
Government Units (LGUs), Non-Government Organizations (NGOs), Peoples
Organization and other members of civil society.
1.1 Programs/Projects/Activities
General Administration and Support Services

Development of Policies, Plans, and Programs
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Formulation and Enhancement for Policies and Plans

Programs Development and Promotion
Standard-Setting, Licensing, Accreditation and Compliance
Monitoring
Capability Building of and Technical Assistance to Intermediaries
Trainings and Capability Building Program of Intermediaries

Provision of Technical Assistance and Related Services to
Intermediaries
Protection and Promotion of Rights and Welfare of the Poor , Vulnerable

and the Disadvantaged
Augmentation and Support Services to Intermediaries in their

implementation of Social Welfare and Development Programs and
Activities for Distressed and Displaced Individuals, Families and
Communities in Especially Difficulty Circumstances including Victims
of Disaster and Calamities.
Protection and Rehabilitation Services to Center-Based Constituents
Foreign Assisted Program
KALAHI-CIDSS National Community Driven Development Project

(NCDDP) - a poverty alleviation program of the National Government
implemented by the DSWD. It is supported by the Philippine
Development Plan (2011-2016). Approved on 18 January 2013, it is
the expansion into a national scale of the operations of community-
driven development (CDD), a strategy that has been tried and proven
effective in Kalahi-CIDSS (Kapit-Bisig Laban sa Kahirapan-
Comprehensive and Integrated Delivery of Social Services), the
parent project of KC-NCDDP. The development objective of KC-
NCDDP is to have barangays/communities of targeted municipalities
become empowered to achieve improved access to services and to
participate in more inclusive local planning, budgeting, and
implementation. KC-NCDDP will also be aligned into a program to
support community-driven post-disaster response and development in
Typhoon Yolanda-affected municipalities within provinces covered by
KC-NCDDP.
Social Welfare and Development Reform Project (SWDRP) - World

Bank funded project (Loan 7805-PH) to strengthen the effectiveness
of DSWD as a social protection agency to efficiently implement the
Pantawid Pamilyang Pilipino Program (the CCT Program) and to
expand an efficient and functional National Household Targeting
System of social protection programs.
Social Protection Support Project (SPSP) - Asian Development Bank

funded project to increase consumption and utilization of the
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education and health services among poor households and women

by providing resources to expand the coverage and enhance the
implementation of the governments development strategy and social
protection reform program. The SPSP is expected to reduce income
poverty and non-income poverty in the Project area through the
expansion and enhanced implementation of the NHTS-PR and 4Ps
Program, and by strengthening gender and indigenous peoples
aspects of the 4Ps Program. The SPSP scope will extend to
participating provinces, municipalities and cities for sets 2 and 3.
Capacity Development for Social Protection (TA 7586-PHI) grant

funded by Asian Development Bank for the conduct of Policy Review
with media, academe, development partners and non-beneficiaries of
the Conditional Cash Transfer (CCT) Program.
Technical Assistance for Strengthened Gender Impacts of Social

Protection (TA 7587-PHI) This grant is provided by the ADB, from
the Gender and development Cooperation Fund, is provided to the
Government of the Philippines, thru the DSWD, to increase
understanding and knowledge of the gender impact of Pantawid
Pamilya; support actions to enhance gender equality and womens
empowerment; and create knowledge products to institutionalize key
gender elements and strategies within the CCT Program. The outputs
of this TA includes gender audits of the implementation processes
and impact of the CCT program; community-driven ad municipal level
gender action plans and grants provided to municipalities to
operationalize such plans; and knowledge products related to
management of gender in the CCT program.
Technical Assistance for Support for Social Protection Reform (TA

7733-PHI) This grant is provided by Japan Fund for Poverty
Reduction, thru the ADB. The TA will have four outputs: (i)
Development of national policy reforms for social protection; (ii)
Formulation and implementation of an action plan for rationalization
and coordination of social protection programs; (iii) Capacity
development of national and local institutions to support the social
protection reform agenda; and (iv) Establishment of a referral system
and graduation policy for the poor population.
United Nations Childrens Fund (UNICEF) funded by the UNICEF

for activities relating to the Day Care Workers Consultation
Conference, National Capacity Building on Program and Policy
Development for ECCD Practitioners, Roll Out Capability Building on
Standards for Home Based ECCD, Institutionalization of ECCD
Information System and for the Construction of thirty (30) additional
Day Care Centers.
United Nations Childrens Fund (UNICEF) Emergency Unconditional

Cash Transfer (EUCT) to Typhoon Yolanda Affected Population in
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Eastern Samar.
UNFPA 7th Country Programme (PHL7U505) This is a cash

assistance / support from UNFPA for increasing capacity of NGAs
and LGUs to undertake Gender-Responsive Programming to
implement Magna Carta of Women Provisions especially on
Reproductive Rights and Gender-Based Violence. The expected
output of the 7th Country Programme is the capacity of the
government to protect, fulfill, and promote the rights of women and
girls, especially the marginalized and mechanisms and/or legal
remedies for the protection of womens and girls rights in place and
functional.
United Nations World Food Programme - Development of the

Framework and Early Warning System on Hunger and Food
Insecurity Mitigation and Strengthening the Social Protection and
Social Welfare and Development Programs of DSWD, Harnessing
Social Media for Hunger and Food Insecurity Mitigation, and
Strengthening the Social Protection and Social Welfare and
Development Programs.
UN World Food Programme emergency cash distribution for the

assistance of Typhoon Yolanda victims through the emergency cash
transfer (ECT) Top-up Project for additional emergency cash grants to
qualified beneficiaries of the Pantawid Pamilyang Pilipino Program of
the DSWDs regular cash grants.
ASEAN ROK (Republic of Korea) Funded Activities:
o Working towards a Cyber Pornography and Cyber Prostitution

Free Southeast Asia project funded by ASEAN through the
Republic of Korea (ROK) - Special Cooperation Fund (ASEAN
ROK). The project aims to educate the public on how
computer technology and the internet contribute to the
proliferation of cyber pornography and cyber prostitution. At
the same time, it also supports the capability of frontline
workers to effectively and efficiently deal with the victim-
survivors of the phenomena.
o Training Workshop on Strengthening Capacities of

Communities, Practitioners and Policy makers to Address
Violence Against Women
o Training Workshop on ASEAN Active Ageing (ACT)
ASEAN Government of Japan (Japan ASEAN Integration Fund)

Funded Activities:
o ASEAN Conference for Program Evaluation for Persons with

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Disabilities (PWD) This is to provide a venue for ASEAN

member States and private organizations to have technical
cooperation on best practices and experiences related to
provision of auxiliary social services, to evaluate existing PWD
programs in the region, to develop new strategies, documents
and programs for the improvement of auxiliary social services
serving PWDs, and knowledge sharing and development of
capacities of development workers to provide training and
technical assistance on developing and managing auxiliary
services for PWDs.
o Forum on the Promotion of Peace and Development for

Internally Displaces Persons (IDPs) brought by Natural
Disaster and Internal Conflict within a Country of the ASEAN
Member States This activity shall provide a venue for the
participants from ten (10) ASEAN member states to learn from
experiences, capacities, and approaches and policies
undertaken to address IDPs and to facilitate exchange of
information and knowledge in developing and implementing
common framework among the ASEAN member states in the
rehabilitation and resettlement of IDPs and/or enhancement of
existing agreements within ASEAN in Disaster Management
and Emergency Response on IDPs.
AusAID / World Bank Grant for Preparation of the National

Community Driven Development (CDD) Program The Government
of Australia provided this grant, with the World Bank as the
administrator of funds, represented by the Australian Agency for
International Development under the Australia-World Bank Philippines
Development Trust Fund (TF071200). The objective of the grant is to
prepare the National CDD Program, with its own objective to
empower Local Communities in targeted poor municipalities and
selected urban areas, to achieve improved access to sustainable
basic public services and to participate in more inclusive local
government planning and budgeting. The activities for which the grant
is given consist of: (a) preparation analysis; (b) knowledge exchange;
and (c) _program preparation facilitation and administration.
AusAID / World Bank Co-financing for Kapitbisig Laban sa Kahirapan

Comprehensive and Integrated Delivery of Social Services
(KALAHI-CIDSS) Project This grant is provided by the Government
of Australia, with the World Bank as the administrator of funds,
represented by the Australian Agency for International Development
under the Australia-World Bank Philippines Development Trust Fund.
The objective of the grant is to empower local communities in
targeted poor municipalities and selected urban areas, to achieve
improved access to sustainable basic public services and to
participate in more inclusive local government unit planning and
budgeting. The specific activities to be financed by the grant are: (a)
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Regional Office X
carrying out of investment sub-projects specifically related to the

construction of day care centers and school buildings / classrooms to
meet the needs through provision of sub-grants to barangays; (b)
mobilization of community volunteers for the preparation and updating
of the program of work and technical plans, as well as the
mobilization of local counterpart contributions for the construction and
rehabilitation of day care centers and school buildings and
classrooms.
Government of Australia (GoA) Department of Foreign Affairs and

Trade (DFAT) (formerly AusAID) Technical Assistance Unit of Social
Welfare and Development for the Social Protection Reform TA Facility
(Agreement Number 58809) - grant funded by Australian Government
for DSWD TA Facility as a mechanism for planning, assessing,
prioritizing, coordinating and monitoring all donor-supported TA
activities relating to DSWDs social protection reform agenda.

Trade (DFAT) (formerly AusAID) Assistance on the Provision of
Training Program on Bridging Leadership for Convergence
(Agreement Number 61692) This is an accountable cash grant
funded by the Government of Australia for the assistance regarding
the provision of a training program on bridging leadership for
convergence for the Department. Said training program shall assist
field implementers strengthen their knowledge, skills, and aptitudes
for creating and implementing collaborative action among the three
core social protection programs of the Department; the Pantawid
Pamilya, KALAHI-CIDSS, and the SEA-K to maximize their impact on
poverty reduction.

Trade (DFAT) (formerly AusAID) Assistance for Enhancing
Conditional Cash Transfer Program Graduation Strategy for Exiting
Beneficiaries (Agreement Number 65843) This is an accountable
cash grant funded by the Government of Australia to assist the
Government of the Philippines. The assistance has the overarching
goal to strengthen the graduation strategy for CCT beneficiaries
through the Sustainable Livelihood Program which aims to reduce
income poverty in areas with a high concentration of CCT program
beneficiaries.

Trade (DFAT) (formerly AusAID) Agreement No 69734 - This is an
accountable cash grant funded by the Government of Australia to
assist the Government of the Philippines in the Enhancement of
Pantawid Pamilya Social Accountability.

Trade (DFAT) (formerly AusAID) Agreement No 70184 - This is an
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Regional Office X
accountable cash grant funded by the Government of Australia to

assist the Government of the Philippines in Improving access to Early
Learning thru Community-led Approach
Other foreign assisted projects which have been transferred to the

general fund books.
DSWD Regional Office X registered office address is located in Masterson

Avenue, Carmen, Cagayan de Oro City.
2. Statement of Compliance and Basis of Preparation of Financial Statements

PPSAS
2.1. The financial statements have been prepared in accordance with and in 1.129
compliance with the Philippine Public Sector Accounting Standards PPSAS 2
(PPSAS) issued by the Commission on Audit per COA Resolution No. 2014- PPSAS 6
003 dated January 24, 2014. The financial statements are presented in
Philippine Peso, which is the functional and reporting currency of the DSWD.
2.2. The financial statements have been prepared on the basis of historical cost,
unless stated otherwise. The Statement of Cash Flows is prepared using the
direct method.
3. Summary of Significant Accounting Policies
3.1 Basis of accounting
The financial statements are prepared on an accrual basis in accordance PPSAS 1,

with the Philippine Public Sector Accounting Standards (PPSAS). 6
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3.2 Financial instruments
a. Financial assets
Initial recognition and measurement
Financial assets within the scope of PPSAS 29 Financial Instruments: PPSAS 29.10
Recognition and Measurement are classified as financial assets at fair PPSAS 30.31
value through surplus or deficit, loans and receivables as appropriate. The
Department of Social Welfare and Development determines the
classification of its financial assets at initial recognition.
The DSWD's financial assets include cash and other receivables.
Subsequent measurement
The subsequent measurement of financial assets depends on their

classification.
Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or PPSAS 29.10
determinable payments that are not quoted in an active market. After initial PPSAS 29.48(a)
measurement, such financial assets are subsequently measured at PPSAS 29.65
amortized cost using the effective interest method, less impairment.
Amortized cost is calculated by taking into account any discount or
premium on acquisition and fees or costs that are an integral part of the
effective interest rate. Losses arising from impairment are recognized in
the surplus or deficit.
Derecognition
The DSWD derecognizes a financial asset or, where applicable, a part of a PPSAS 29.19
financial asset or part of DSWD of similar financial assets when: PPSAS 29.20-22
The rights to receive cash flows from the asset have expired or is
waived
The DSWD has transferred its rights to receive cash flows from the
asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party; and either: (a) the DSWD
has transferred substantially all the risks and rewards of the asset; or
(b) the DSWD has neither transferred nor retained substantially all the
risks and rewards of the asset, but has transferred control of the
asset.
Impairment of financial assets
The DSWD assesses at each reporting date whether there is objective PPSAS 29.67-68
evidence that a financial asset or a group of financial assets is impaired. A PPSAS 30.PAG5(f)
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financial asset or a group of financial assets is deemed to be impaired if,

and only if, there is objective evidence of impairment as a result of one or
more events that has occurred after the initial recognition of the asset (an
incurred loss event) and that loss event has an impact on the estimated
future cash flows of the financial asset or the group of financial assets that
can be reliably estimated.
Evidence of impairment may include the following indicators:
The debtors or a group of debtors are experiencing significant

financial difficulty;
Default or delinquency in interest or principal payments;
The probability that debtors will enter bankruptcy or other financial
reorganization;
Observable data indicates a measurable decrease in estimated future
cash flows (e.g. changes in arrears or economic conditions that
correlate with defaults).
b. Financial liabilities
Initial recognition and measurement
Financial liabilities within the scope of PPSAS 29 are classified as financial PPSAS 29.10
liabilities at fair value through surplus or deficit. The entity determines the
classification of its financial liabilities at initial recognition.
The DSWDs financial liabilities include other payables.
Subsequent measurement
The measurement of financial liabilities depends on their classification.
Derecognition
A financial liability is derecognized when the obligation under the liability is PPSAS 29.41
discharged or cancelled or expires.
When an existing financial liability is replaced by another from the same PPSAS 29.43
lender on substantially different terms, or the terms of an existing liability
are substantially modified, such an exchange or modification is treated as
a derecognition of the original liability and the recognition of a new liability,
and the difference in the respective carrying amounts is recognized in
surplus or deficit.
3.3 Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, cash in bank for local PPSAS 2.8
and foreign currencies, and treasury/agency accounts. PPSAS 2.9
PPSAS 2.56
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3.4 Inventories
Inventory is measured at cost upon initial recognition. To the extent that PPSAS 12.15
inventory was received through non-exchange transactions (for no cost or for PPSAS 12.17(a)
a nominal cost), the cost of the inventory is its fair value at the date of
acquisition.
After initial recognition, inventory is measured at the lower of cost and net
realizable value. However, to the extent that a class of inventory is distributed
or deployed at no charge or for a nominal charge, that class of inventory is
measured at the lower of cost and current replacement cost.
Net realizable value is the estimated selling price in the ordinary course of PPSAS 12.35
operations, less the estimated costs of completion and the estimated costs PPSAS 12.20
necessary to make the sale, exchange, or distribution. PPSAS 12.21
Inventories are recognized as an expense when deployed for utilization or PPSAS 12.9
consumption in the ordinary course of operations of the DSWD.
3.5 Property, Plant and Equipment
Recognition
An item is recognized as property, plant, and equipment (PPE) if it meets the PPSAS 17.13
characteristics and recognition criteria as a PPE.
The characteristics of PPE are as follows:
tangible items; PPSAS 17.14

are held for use in the production or supply of goods or services, for
rental to others, or for administrative purposes; and
are expected to be used during more than one reporting period.
An item of PPE is recognized as an asset if:
It is probable that future economic benefits or service potential

associated with the item will flow to the entity; and
The cost or fair value of the item can be measured reliably.
Measurement at Recognition
An item recognized as property, plant, and equipment is measured at cost. PPSAS 17.26
A PPE acquired through non-exchange transaction is measured at its fair PPSAS 17.27
value as at the date of acquisition.
The cost of the PPE is the cash price equivalent or, for PPE acquired through PPSAS 17.37
non-exchange transaction its cost is its fair value as at recognition date.
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Cost includes the following: PPSAS 17.30
Its purchase price, including import duties and non-refundable

purchase taxes, after deducting trade discounts and rebates;
expenditure that is directly attributable to the acquisition of the items;
and
initial estimate of the costs of dismantling and removing the item and
restoring the site on which it is located, the obligation for which an
entity incurs either when the item is acquired, or as a consequence of
having used the item during a particular period for purposes other
than to produce inventories during that period.
Measurement After Recognition
After recognition, all property, plant and equipment are stated at cost less PPSAS 17.43
accumulated depreciation and impairment losses. PAG2 of PPSAS 17
When significant parts of property, plant and equipment are required to be PPSAS 17.24
replaced at intervals, the DSWD recognizes such parts as individual assets PPSAS 17.25
with specific useful lives and depreciates them accordingly. Likewise, when a
major repair/replacement is done, its cost is recognized in the carrying
amount of the plant and equipment as a replacement if the recognition
criteria are satisfied.
All other repair and maintenance costs are recognized as expense in surplus PPSAS 17.23
or deficit as incurred.
Depreciation
Each part of an item of property, plant, and equipment with a cost that is PPSAS 17.59
significant in relation to the total cost of the item is depreciated separately.
The depreciation charge for each period is recognized as expense unless it is PPSAS 17.64
included in the cost of another asset.
Initial Recognition of Depreciation
Depreciation of an asset begins when it is available for use such as when it is PAG3 of PPSAS 17
in the location and condition necessary for it to be capable of operating in the
manner intended by management.
For simplicity and to avoid proportionate computation, the depreciation is for

one month if the PPE is available for use on or before the 15th of the month.
However, if the PPE is available for use after the 15th of the month,
depreciation is for the succeeding month.
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Depreciation Method
Each part of an item of property, plant, and equipment with a cost that is PAG4 of PPSAS 17
significant in relation to the total cost of the item is depreciated separately.
The depreciation charge for each period is recognized as expense unless it is

included in the cost of another asset.
The straight line method of depreciation shall be adopted unless another

method is more appropriate for agency operation.
Estimated Useful Life
The DSWD uses the Schedule on the Estimated Useful Life of PPE by PAG5 of PPSAS 17
classification prepared by COA.
The DSWD uses a residual value equivalent to at least five percent (5%) of PAG6 of PPSAS 17
the cost of the PPE.
Impairment
An assets carrying amount is written down to its recoverable amount, or

recoverable service amount, if the assets carrying amount is greater than its
estimated recoverable service amount.
Derecognition
The DSWD derecognizes items of property, plant and equipment and/or any PPSAS 17.82
significant part of an asset upon disposal or when no future economic PPSAS 17.83
benefits or service potential is expected from its continuing use. Any gain or PPSAS 17.86
loss arising on derecognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is
included in the surplus or deficit when the asset is derecognized.
3.6 Leases
Operating lease
Operating leases are leases that do not transfer substantially all the risks PPSAS 13.42
and benefits incidental to ownership of the leased item to the DSWD.
Operating lease payments are recognized as an operating expense in
surplus or deficit on a straight-line basis over the lease term.
DSWD as a lessor
Operating Lease
Leases in which the DSWD does not transfer substantially all the risks and PPSAS 13.13
benefits of ownership of an asset are classified as operating leases.
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Rent received from an operating lease is recognized as income on a PPSAS 13.63

straight-line basis over the lease term. Contingent rents are recognized as
revenue in the period in which they are earned.
The depreciation policy for PPE is applied to similar assets leased by the PPSAS 13.66
entity.
3.7 Intangible Assets
Recognition and Measurement
Intangible assets are recognized when the items are identifiable non-monetary PPSAS 31.26
assets without physical substance; it is probable that the expected future economic
benefits or service potential that are attributable to the assets will flow to the entity;
and the cost or fair value of the assets can be measured reliably.
Intangible assets acquired separately are initially recognized at cost. PPSAS 31.31
Intangible Assets Acquired through Non-Exchange Transactions
The cost of intangible assets acquired in a non-exchange transaction is their PPSAS 31.42-43
fair value at the date these were acquired.
Internally Generated Intangible Assets
Internally generated intangible assets, excluding capitalized development PPSAS 31.49

costs, are not capitalized and expenditure is reflected in surplus or deficit in PPSAS 31.55
the period in which the expenditure is incurred.
Recognition of an Expense
Expenditure on an intangible item shall be recognized as an expense when it

is incurred unless it forms part of the cost of an intangible asset that meets
the recognition criteria of an intangible asset.
Subsequent Measurement
The useful life of the intangible assets is assessed as either finite or PPSAS 31.87
indefinite. PPSAS 31.96
Intangible assets with a finite life is amortized over its useful life: PPSAS 26.22
The straight line method is adopted in the amortization of the expected PAG3 of PPSAS 31
pattern of consumption of the expected future economic benefits or service PPSAS 31.117
potential.
An intangible asset with indefinite useful lives shall not be amortized. PPSAS 31.106
Intangible assets with an indefinite useful life or an intangible asset not yet PPSAS 31.107
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available for use are assessed for impairment whenever there is an indication
that the asset may be impaired.
The amortization period and the amortization method, for an intangible asset PPSAS 31.103
with a finite useful life, are reviewed at the end of each reporting period. PPSAS 31.108
Changes in the expected useful life or the expected pattern of consumption
of future economic benefits embodied in the asset are considered to modify
the amortization period or method, as appropriate, and are treated as
changes in accounting estimates. The amortization expense on an intangible
asset with a finite life is recognized in surplus or deficit as the expense
category that is consistent with the nature of the intangible asset.
Gains or losses arising from derecognition of an intangible asset are PPSAS 31.112
measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the surplus or deficit
when the asset is derecognized.
3.8 Changes in accounting policies and estimates
The DSWD recognizes the effects of changes in accounting policy PPSAS 3.27
retrospectively. The effects of changes in accounting policy are applied PPSAS 3.30
prospectively if retrospective application is impractical.
The DSWD recognizes the effects of changes in accounting estimates PPSAS 3.41
prospectively by including in surplus or deficit.
The DSWD correct material prior period errors retrospectively in the first set PPSAS 3.47
of financial statements authorized for issue after their discovery by:
Restating the comparative amounts for prior period(s) presented in

which the error occurred; or
If the error occurred before the earliest prior period presented,
restating the opening balances of assets, liabilities and net
assets/equity for the earliest prior period presented.
3.9 Foreign currency transactions
Transactions in foreign currencies are initially recognized by applying the PPSAS 4.24
spot exchange rate between the function currency and the foreign currency
at the transaction.
At each reporting date:
Foreign currency monetary items are translated using the closing PPSAS 4.27
rate;
Nonmonetary items that are measured in terms of historical cost in a
foreign currency shall be translated using the exchange rate at the
date of the transaction; and PPSAS 4.32
Nonmonetary items that are measured at fair value in a foreign
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currency shall be translated using the exchange rates at the date

when the fair value was determined.
Exchange differences arising (a) on the settlement of monetary items, or (b)

on translating monetary items at rates different from those at which they were
translated on initial recognition during the period or in previous financial
statements, are recognized in surplus or deficit in the period in which they
arise, except as those arising on a monetary item that forms part of a
reporting entitys net investment in a foreign operation.
3.10 Revenue from non-exchange transactions
Recognition and Measurement of Assets from Non-Exchange

Transactions
PPSAS 23.31
An inflow of resources from a non-exchange transaction, other than services
in-kind, that meets the definition of an asset are recognized as an asset if the
following criteria are met:
It is probable that the future economic benefits or service potential

associated with the asset will flow to the entity; and
The fair value of the asset can be measured reliably.
An asset acquired through a non-exchange transaction is initially measured PPSAS 23.42

at its fair value as at the date of acquisition.
Recognition Revenue from Non-Exchange Transactions
An inflow of resources from a non-exchange transaction recognized as an PPSAS 23.44

asset is recognized as revenue, except to the extent that a liability is also
recognized in respect of the same inflow.
As DSWD satisfies a present obligation recognized as a liability in respect of PPSAS 23.45

an inflow of resources from a non-exchange transaction recognized as an
asset, it reduces the carrying amount of the liability recognized and
recognize an amount of revenue equal to that reduction.
Measurement of Revenue from Non-Exchange Transactions
Revenue from non-exchange transactions is measured at the amount of the PPSAS 23.48-49
increase in net assets recognized by the entity, unless a corresponding
liability is recognized.
PPSAS 23.57
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Measurement of Liabilities on Initial Recognition from Non-Exchange

Transactions
The amount recognized as a liability in a non-exchange transaction is the

best estimate of the amount required to settle the present obligation at the
reporting date. PPSAS 23.89
Fees and fines not related to taxes
The DSWD recognizes revenues from fees and fines, except those related to
taxes, when earned and the asset recognition criteria are met.
Other non-exchange revenues were recognized when it is probable that the

future economic benefits or service potential associated with the asset will
flow to the entity and the fair value of the asset can be measured reliably.
Gifts and Donations
The DSWD recognizes assets and revenue from gifts and donations when it PPSAS 23.95
is probable that the future economic benefits or service potential will flow to
the entity and the fair value of the assets can be measured reliably.
Goods in-kind are recognized as assets when the goods are received, or PPSAS 23.96
there is a binding arrangement to receive the goods. If goods in-kind are
received without conditions attached, revenue is recognized immediately. If
conditions are attached, a liability is recognized, which is reduced and
revenue recognized as the conditions are satisfied.
On initial recognition, gifts and donations including goods in-kind are PPSAS 23.97
measured at their fair value as at the date of acquisition, which were
ascertained by reference to an active market, or by appraisal. An appraisal of
the value of an asset is normally undertaken by a member of the valuation
profession who holds a recognized and relevant professional qualification.
For many assets, the fair value are ascertained by reference to quoted prices
in an active and liquid market.
Transfers
The DSWD recognizes an asset in respect of transfers when the transferred PPSAS 23.96
resources meet the definition of an asset and satisfy the criteria for
recognition as an asset, except those arising from services in-kind.
Services in-Kind
Services in-kind are not recognized as asset and revenue considering the PPSAS 23.98
complexity of the determination of and recognition of asset and revenue and PAG3 of PPSAS 23
the eventual recognition of expenses.
16
Annex F
Regional Office X
Transfers from other government entities PPSAS 23.42

PPSAS 23.44
Revenues from non-exchange transactions with other government entities
and the related assets are measured at fair value and recognized on
obtaining control of the asset (cash, goods, services and property) if the
transfer is free from conditions and it is probable that the economic benefits
or service potential related to the asset will flow to the [Name of Entity] and
can be measured reliably.
3.11 Budget information
The annual budget is prepared on a cash basis and is published in the PPSAS 24
government website.
A separate Statement of Comparison of Budget and Actual Amounts

(SCBAA) was prepared since the budget and financial statements were not
prepared on comparable basis. The SCBAA was presented showing the
original and final budget and the actual amounts on comparable basis to the
budget.
3.12 Impairment of Non-Financial Assets
Impairment of non-cash-generating assets
The DSWD assesses at each reporting date whether there is an indication

that a non-cash-generating asset may be impaired. If any indication exists, or PPSAS 21.26
when annual impairment testing for an asset is required, the DSWD
estimates the assets recoverable service amount. An assets recoverable
service amount is the higher of the non-cash generating assets fair value PPSAS 26.14
less costs to sell and its value in use.
Where the carrying amount of an asset exceeds its recoverable service

amount, the asset is considered impaired and is written down to its PPSAS 26.14
recoverable service amount. The DSWD classifies assets as cash-generating
assets when those assets are held with the primary objective generating a
commercial return. Therefore, non-cash generating assets would be those
assets from which the DSWD does not intend (as its primary objective) to
realize a commercial return.
3.13 Employee benefits
The employees of DSWD are member of the Government Service Insurance

System (GSIS) which provides life and retirement insurance coverage.
The DSWD recognizes the undiscounted amount of short term employee

benefits, like salaries, wages, bonuses, allowance, etc., as expense and as a
liability after deducting the amount paid.
17
Annex F
Regional Office X
The DSWD recognizes expenses for accumulating compensated absences

when these were paid (commuted or paid as terminal leave benefits).
Unused entitlements that have accumulated at the reporting date were not
recognized as expense. Non-accumulating compensated absences, like
special leave privileges, were not recognized.
3.14 Measurement uncertainty
The preparation of financial statements in conformity with PPSAS requires

management to make estimates and assumptions that affect the reporting
amounts of assets and liabilities, at the date of the financial statements and
the reported amounts of the revenues and expenses during the period. Items
requiring the use of significant estimates include the useful life of capital
assets.
Estimates were based on the best information available at the time of

preparation of the financial statements and were reviewed annually to reflect
new information as it becomes available. Measurement uncertainty exists in
these financial statements. Actual results could differ from these estimates.
4. Changes in Accounting Policies
DSWD has not adopted any change in Accounting Policies for CY 2015. The 25 PPSAS had
been adopted beginning January 1, 2014 as per COA Resolution No. 2014-003 dated
January 24, 2014.
5. Prior Period Adjustments
The DSWD has determined transactions relating to the previous year which have cumulative
effect on surplus/deficit of the prior year.
The description of the prior period adjustments, including peso amount, its effect for each
financial statement line item affected in current and prior year, and cumulative effect on
opening accumulated surplus/(deficit) in current and prior year, and cumulative effect on
surplus/deficit in prior year are shown on this notes to financial statements.
6. Cash and Cash Equivalents
Account Name 2016 2015

Cash - Collecting Officer 9,916.80 21,193.37
Petty Cash 1,671,901.12 39,000.00
Cash in Bank - Local Currency, Current
187,315,333.60 129,529,317.75
Account
Cash - Treasury/Agency Deposit, Trust 2,523,286.20 1,900,042.20
Total 191,520,437.72 131,489,553.32
18
Annex F
Regional Office X
Total collections of the Collecting Officers were all remitted to the National Treasury or
with Authorized Government Depository Bank (AGDB) except for the amount of P 9,916.80
which was deposited/remitted on the first banking day of the ensuing year
Petty Cash Fund represents the cash advances granted to bonded officers of the
various Centers and Institutions, and AICS satellite offices for its petty expenditures and
financial assistance to individuals in crisis situation by paying cash outright. The remaining
balance of 39,000 in the petty cash account is the bank maintaining balance of every center
and satellite office.
Cash in Bank- Local Currency Account includes the funds that were deposited with
Authorized Government Depository Bank (AGDB) in accordance with GAFMIS Circular
Letter No. 2003-005 dated November 21, 2003 as follows:
1. Livelihood Revolving Fund:
SEA-K Revolving Fund authorized under Republic Act No. 5146 and
Administrative Order No. 75 series of 1988
Tindahan Natin Project
PGMA Micro-financing and Enterprise Development Program
National Livelihood Support Fund (NLSF)
2. Donation Account for Specific Purpose
Donation Account (Fund 101) - Grants and Donations from various

donors intended for disaster and calamities various donations and other
program/activities (Fund 101)
3. Foreign Assisted Projects
DSWD ADB Technical Assistance Grants

DSWD AUSAID Technical Assistance Unit of SWDRA facility
DSWD UNWFP Emergency Cash Transfer for Typhoon Yolanda-Affected
Population
DSWD Building Capacity of Local Government for Poverty Reduction,
Local Governance and Community Driven
Social Protection Support Project
Social Welfare and Development Project
UNFPA 7th Country Programme
UNICEF Funds
4. Pantawid Pamilyang Pilipino Program
Pantawid Pamilyang Pilipino Project (4Ps) Thru LBP Conduits

Pantawid Pamilyang Pilipino Project (4Ps) Thru OTC
Pantawid Pamilyang Pilipino Project (4Ps) Thru Philpost
19
Annex F
Regional Office X
5. Trust Accounts/Funds from National Government Agencies (NGAs)
DSWD Miscellaneous Trust Account

DSWD Socialized Housing Project
PGMA- Educational Assistance Program
BAC Honoraria, Payroll Account, Training Fund and Bidders Bonds
Cash-Treasury/Agency Deposit, Trust account includes collection from LGUs as 1/3

share for cost of care and maintenance of residents confined at Regional Rehabilitation
Center for Youth as provided under PD 603 or The Child and Youth Welfare Code.
7. Receivables
7.1 Loans and Accounts Receivables
Accounts 2016 2015

Accounts Receivable 20,000.00 60,000.00
Loans Receivable - Others 2,972,203.00 2,972,203.00
TOTAL 2,992,203.00 3,032,203.00
Accounts Receivable the initial bank deposit and maintaining balance granted for Our
Lady of Triumph Partnership.
Loans Receivable - Others represents assistance to identified beneficiaries under the

PGMA Microfinancing and Enterprise Development Program and those funded thru the National
Livelihood Support Fund.
7.2 Aging/Analysis of Receivables
Accounts Total Past due

> 60 days
Accounts Receivable 20,000.00 60,000.00

Loans Receivable - Others 2,972,203.00 2,972,203.00
Total 2,992,203.00 3,032,203.00
20
Annex F
Regional Office X
7.3 Inter-Agency Receivables
Account Name 2016

Current Non-Current Total
Due from National Government Agencies 20,048,300.00 364,986.31 20,413,286.31
Due from Government-Owned and/or 10,888,750.00 - 10,888,750.00

Controlled Corporations
Due from Local Government Units 402,597,717.21 252,905,118.87 655,502,836.08
Total 433,534,767.21 252,905,118.87 686,804,872.39
Due from National Government Agencies are broken down as follows:
Current Year Prior Years

PARTICULARS Sub-total Grand Total
2016 2015 2014 Prior Years
OROQUIETA AGRO-
INDUSTRIAL
SCHOOL 14,275,800.00 - 14,275,800.00
TESDA PTC
PLARIDEL SSP 1,152,500.00 - 1,152,500.00
OROQUIETA AGRO
INDUSTRIAL
SCHOOL 4,620,000.00 - 4,620,000.00
TECHNICAL
EDUCATION AND
SKILLS
DEVELOPMENT
AUTHORITY 10 280,726.66 280,726.66 280,726.66
PROVINCIAL
TRAINING CENTER
MISAMIS
OCCIDENTAL 7,800.00 7,800.00 7,800.00
DEPARTMENT OF
EDUCATION REGION
X 76,459.65 76,459.65 76,459.65
Total 20,048,300 288,526.66 76,459.65 364,986.31 20,413,286.31
21
Annex F
Regional Office X
Due from LGUs are broken down as follows:
Municipality/City Current Year Prior Year Grand Total

CAMIGUIN PROVINCE
MTO - CATARMAN 3,504,257.00 1,128,736.86 4,632,993.86
MTO - GUINSILIBAN 3,262,700.00 31,500.00 3,294,200.00
MTO - MAHINOG 235,200.00 - 235,200.00
MTO - MAMBAJAO 6,615,825.00 150,000.00 6,765,825.00
MTO - SAGAY 698,700.00 4,115,000.00 4,813,700.00
PTO - CAMIGUIN 289,205.29 - 289,205.29
Total 14,605,887.29 5,425,236.86 20,031,124.15
BUKIDNON
CTO - MALAYBALAY 6,188,767.06 137,500.00 6,326,267.06
CTO - VALENCIA 13,552,750.00 420,283.61 13,973,033.61
MTO - BAUNGON 2,423,428.10 - 2,423,428.10
MTO - CABANGLASAN 5,900,100.00 694,699.20 6,594,799.20
MTO - DAMULOG 4,169,700.00 10.03 4,169,710.03
MTO - DANGCAGAN 3,311,000.00 49,335.53 3,360,335.53
MTO - DON CARLOS 4,517,000.00 769,994.46 5,286,994.46
MTO - IMPASUG-ONG 3,633,000.00 2,776,292.36 6,409,292.36
MTO - KADINGILAN 1,992,600.00 10,654.05 2,003,254.05
MTO - KALILANGAN 3,068,221.00 400,000.00 3,468,221.00
MTO - KIBAWE 5,262,740.00 31,831.65 5,294,571.65
MTO - KITAOTAO 8,706,400.00 2,286,358.01 10,992,758.01
MTO - LANTAPAN 11,023,400.00 1,063,125.00 12,086,525.00

22
Annex F
Regional Office X
MTO - LIBONA 3,896,600.00 200,000.00 4,096,600.00
MTO - MALITBOG 3,192,200.00 3,125,254.00 6,317,454.00
MTO - MANOLO FORTICH 6,072,200.00 - 6,072,200.00
MTO - MARAMAG 5,881,300.00 560.00 5,881,860.00
MTO - PANGANTUCAN 3,968,100.00 1,451,457.96 5,419,557.96
MTO - QUEZON 4,642,804.05 - 4,642,804.05
MTO - SAN FERNANDO 7,868,400.00 1,587,824.40 9,456,224.40
MTO - SUMILAO 778,500.00 1,987,455.80 2,765,955.80
MTO - TALAKAG 9,542,300.00 10,500.00 9,552,800.00
Total 119,591,510.21 17,003,136.06 136,594,646.27
MISAMIS ORIENTAL
CTO - CAGAYAN DE ORO - 28,342,465.00 28,342,465.00
CTO - EL SALVADOR 5,586,547.30 - 5,586,547.30
CTO - GINGOOG 10,966,800.00 200,000.00 11,166,800.00

MTO - MAGSAYSAY, MIS.
OR. 5,879,312.00 201,165.00 6,080,477.00
MTO - ALUBIJID 1,316,400.00 200,000.00 1,516,400.00
MTO - BALINGASAG 2,962,800.00 - 2,962,800.00
MTO - BALINGOAN 1,510,200.00 98,056.36 1,608,256.36
MTO - BINUANGAN 1,495,380.00 200,000.00 1,695,380.00
MTO - CLAVERIA 4,511,990.10 54,699.90 4,566,690.00
MTO - GITAGUM 1,335,155.00 388,090.00 1,723,245.00
MTO - INITAO 2,336,300.00 37,827.40 2,374,127.40
MTO - JASAAN 2,630,435.00 750,000.00 3,380,435.00
MTO - KINOGUITAN 692,825.00 - 692,825.00

23
Annex F
Regional Office X
MTO - LAGONGLONG 2,713,876.00 - 2,713,876.00
MTO - LAGUINDINGAN 1,184,560.00 6,000.00 1,190,560.00
MTO - LIBERTAD 551,300.00 1,965,000.00 2,516,300.00
MTO - LUGAIT 2,006,900.00 85,000.00 2,091,900.00
MTO - MANTICAO 3,297,500.00 108,214.00 3,405,714.00
MTO - MEDINA 4,861,032.75 45,195.00 4,906,227.75
MTO - NAAWAN 1,642,300.00 3,071.40 1,645,371.40
MTO - OPOL 2,503,863.56 1,092,185.82 3,596,049.38
MTO - SALAY 952,652.00 357,016.60 1,309,668.60
MTO - SUGBONGCOGON 572,132.18 - 572,132.18
MTO - TAGOLOAN, MIS. OR. 3,858,900.00 713,621.90 4,572,521.90
MTO - TALISAYAN 3,938,997.50 - 3,938,997.50
MTO - VILLANUEVA 4,202,713.19 - 4,202,713.19
Total 73,510,871.58 34,847,608.38 108,358,479.96
LANAO DEL NORTE
CTO - ILIGAN 30,634,000.00 197,500,416.59 228,134,416.59
MTO - BACOLOD 1,598,900.00 1,358,625.69 2,957,525.69
MTO - BALOI 5,045,673.03 10,002.81 5,055,675.84
MTO - BAROY 4,500,792.00 1,764,500.00 6,265,292.00
MTO - KAPATAGAN 16,680,771.60 345,500.00 17,026,271.60
MTO - KAUSWAGAN 746,440.00 1,027,401.00 1,773,841.00
MTO - KOLAMBUGAN 3,744,378.88 890,071.87 4,634,450.75
MTO - LALA 4,862,308.04 - 4,862,308.04
MTO - LINAMON 2,005,200.00 740,000.00 2,745,200.00

24
Annex F
Regional Office X
MTO - MAGSAYSAY, LDN 1,879,950.00 2,160,000.00 4,039,950.00
MTO - MAIGO 3,834,600.00 2,450,000.00 6,284,600.00
MTO - MATUNGAO 120,000.00 480,000.00 600,000.00
MTO - MUNAI 1,786,650.00 - 1,786,650.00
MTO - NUNUNGAN 1,312,200.00 - 1,312,200.00
MTO - PANTAO RAGAT 1,625,030.00 - 1,625,030.00
MTO - PANTAR 5,808,660.00 - 5,808,660.00
MTO - POONA PIAGAPO 2,373,600.00 3,480,000.00 5,853,600.00
MTO - SALVADOR 3,488,710.00 - 3,488,710.00
MTO - SAPAD 9,755,723.02 - 9,755,723.02

MTO - SULTAN NAGA
DIMAPORO 7,828,100.00 - 7,828,100.00
MTO - TAGOLOAN, LDN 3,927,100.00 1,840,000.00 5,767,100.00
MTO - TANGKAL 2,337,000.00 - 2,337,000.00
MTO - TUBOD 6,789,600.00 1,795,200.77 8,584,800.77
PTO - LANAO DEL NORTE 1,000,000.00 - 1,000,000.00
Total 123,685,386.57 215,841,718.73 339,527,105.30
MISAMIS OCCIDENTAL
CTO - OROQUIETA 3,882,400.00 463,558.01 4,345,958.01
CTO - OZAMIS 7,495,730.00 200,000.00 7,695,730.00
CTO - TANGUB 6,746,250.00 - 6,746,250.00
MTO - ALORAN 2,138,460.00 2,526.70 2,140,986.70
MTO - BALIANGAO 212,720.00 168,500.00 381,220.00
MTO - BONIFACIO 3,611,500.00 467,926.85 4,079,426.85
MTO - CALAMBA 4,095,300.00 1,435,269.97 5,530,569.97

25
Annex F
Regional Office X
MTO - CLARIN 2,000,000.00 - 2,000,000.00
MTO - CONCEPCION 978,449.56 - 978,449.56
MTO - DON VICTORIANO 2,395,500.00 1,058,599.41 3,454,099.41
MTO - JIMENEZ 1,184,900.00 3,925.00 1,188,825.00
MTO - LOPEZ JAENA 788,000.00 640,000.00 1,428,000.00
MTO - PANAON 2,431,700.00 294,500.00 2,726,200.00
MTO - PLARIDEL 2,550,000.00 106,067.25 2,656,067.25
MTO - SAPANG DALAGA 23,500.00 - 23,500.00
MTO - SINACABAN 1,494,952.00 1,027,045.65 2,521,997.65
MTO - TUDELA 2,929,200.00 165,000.00 3,094,200.00
Total 44,958,561.56 6,032,918.84 50,991,480.40
Grand Total 376,352,217.21 276,352,568.37 655,502,836.08
The account Due from LGUs represents the balance of funds transferred to LGUs for
the implementation of various programs and projects i.e. Social Pension for Indigent Senior
Citizens, Supplemental Feeding Program, Sustainable Livelihood Program, various programs
under the Bottom-Up Budgeting process, Crisis Intervention Program, shelter assistance and
construction of Day Care Center and Senior Citizens Center.
7.4 Intra-Agency Receivables
2016
Account Name Current Total
Due from Other Funds 2,043,861.92 2,043,861.92
This pertains to receivable of funds disbursed by Fund 102 for tax remittance through tax
remittance advice instead of debit memo for Fund 171 to bureau of internal revenue.
26
Annex F
Regional Office X
7.5 Other Receivables

Due from Officers and Employees 90,892.91 353,300.00
Due from Non-Government
Organizations/People's Organizations 696,622,147.70 245,023,205.49
Other Receivables 5,494.09 227,283.67
Total 696,718,534.7 245,603,789.16
The account Due from Officers and Employees pertains to officers and employees
who had erroneously received Productivity Based Bonus for 2016. Details as follows:
Particulars Amount
Canios, Elmer 17,500.00
Cortes, Evelyn 12,392.84
Maravillosa, Delia 17,500.00
Eurese, Ariel 24,750.07
Requina, Christopher 18,750.00
Total 90,892.91
Due from NGOs/POs includes funds released to various Non-Government and Peoples
Organizations of current year and prior years for the implementation of SLP PAMANA. It also
includes releases to private schools/institutions for the technical vocational skills of the Pantawid
beneficiaries. Prior years also include releases to foundations and rotary club funded from
Congressional Initiative, Congressional Development Funds (CDF) in the amount of
P347,161.65 and P190,00.00 for PDAF of various solons.
Account Name 2016

Particulars Current Year Non- Current Total
Due from Non-Government
Organizations/People's
Organizations 641,855,818.48 54,766,329.22 696,622,147.70
The account Other Receivables includes advances granted to DSWD employees and
officials for official travel or as disbursing officers of the Department. The balances were
formerly recorded in account 103- Cash Disbursing Officers; account 123- Due from Officers
and Employees; and account 148 - Advances to Officers and Employees. Re-classification of
these balances is undertaken due to impossibility of collection from separated employees and
collectibles from resigned employees who have not secured clearance for their accountabilities
and who cannot be located anymore.
27
Annex F
Regional Office X
8. Inventories
Inventory items of the Department include the following:
2016
(in thousand pesos)
Reversal
Inventories Inventory of
Inventories
Accounts carried at the write-down Inventory
carried at fair
lower of cost recognized write-down
value less
and net during the recognized
cost to sell
realizable value year during the
year
Inventory Held for Distribution

Carrying Amount, January 1,
2016 14,348,246.06
Additions/Acquisitions during
the year 160,136,850.75
Expensed during the year
except write-down (156,352,143.71)
Carrying Amount, December

31, 2016 18,132,953.10
Inventory Held for

Consumption
Carrying Amount, January 1,
2016 23,774,065.16
Additions/Acquisitions during
the year 14,884,605.65
Expensed during the year
except write-down (20,109,074.90)
Carrying Amount, December
31, 2016 18,549,595.91
TOTALS CARRYING AMOUNT,
36,682,549.01
DECEMBER 31, 2016
28
Annex F
Regional Office X

Inventory Held for Distribution
Welfare Goods for Distribution 18,132,953.10 14,348,246.06
Inventory Held for Consumption

Office Supplies Inventory 8,139,744.89 8,986,105.69
Construction Materials Inventory 3,068,180.78 359,984.50
Food Supplies Inventory 550,694.65 2,546,858.96
Drugs and Medicines Inventory 53,260.55 617,094.97
Gasoline, Oil and Lubricants 6,264,714.41 503,633.00
Inventory
Other Supplies and Materials 473,000.63 10,760,388.04
Inventory
Total Inventory Held for 18,549,595.91 38,122,311.22

Consumption
The Account Welfare Goods for Distribution was the cost of Food and Non-Food
Supplies purchased for distribution to individuals affected by various calamities, disasters and
ground conflicts.
The account office supplies inventory consists of office supplies, printed special forms
and IT supplies.
Food supplies inventory includes perishable and Non-perishable goods in centers and
institutions.
Drugs and Medicines Inventory consist of various medicines purchased for the centers
and institutions.
Gasoline, oil and lubricants inventory consists of fuel deposit for the agencys official
vehicle deposited to Shellac Petrol Corporation.
Other supplies inventory includes purchased of toiletries, pampers, clothing and other
home life supplies and needs of the centers and institutions. It also includes purchased of
supplies of the office which cannot be classified as office supplies inventory.
Construction materials inventory consists of construction materials for the repair of the
four centers; Home for Girls, Regional Haven, RRCY and RSCC.
29
Annex F
Regional Office X
9. Other Current Assets
9.1 Advances

Advances to Special
Disbursing Officer 32,635,708.81 118,506,856.24
Advances to Officers and
Employees 96,591.00 535,788.50
TOTAL 32,732,299.81 119,042,644.74
Advances to Special Disbursing Officers are amount granted to DSWD bonded

Disbursing Officers both Regular Disbursing Officers and Special Disbursing Officers to be
used for special purpose/time-bound activities of the Department. This represents cash
advanced/granted for the implementation of Social Pension for Senior Citizens, Cash for
Work Program, Bottom Up Budgeting for municipalities dont qualify for fund transfer.
Advances to Officers and Employees consists of cash advance granted to DSWD

officers and employees who travelled outside region 10.
30
Annex F
Regional Office X
10. Property, Plant and Equipment
Property, Plant and Equipment for CY 2016 are summarized as follows:
Information and
Motor Communication Technical Other Furniture and Office Communication
Buildings Sports Computer
Vehicles Equipment and Scientific Structures Fixtures Equipment Technology
Software
Equipment
Carrying
Amount,
January 1, 8,304,134.10 28,497,689.64 673,270.57 101,626.65 - 246,473.28 3,536,562.18 10,990,476.88 5,209,491.26 36,110,190.04
2016 or Net
Book Value
Additions - - 272,674.40 - 32,850.00 210,020.00 37,720.00 179,575.00 2,087,217.00 13,562,061.16
Adjustments to
PY
Accumulated (93,038.15) (1,804,731.30) (522,104.29) (57,857.98) - (230,886.62) (3,128,564.62) (10,495,608.40) 1,639,138.14 (18,472,108.38)
Surplus/Semi
Expendables
Total 8,211,095.95 26,692,958.34 423,840.68 43,768.67 32,850.00 225,606.66 445,717.56 674,443.48 8,935,846.40 31,200,142.82
Depreciation
1,651,120.63 1,247,666.67 89,117.60 7,751.80 3,285.00 11,120.38 14,241.99 88,211.42 2,187,794.73 6,429,074.41
Carrying
Amount,
6,559,975.32 25,445,291.67 334,723.08 36,016.87 29,565.00 214,486.28 431,475.57 586,232.06 6,748,051.67 24,771,068.41
December 31,
2016
Gross Cost 13,705,652.08 39,400,000.00 563,392.04 45,200.00 32,850.00 238,020.00 468,607.20 1,045,605.00 16,054,405.78 47,893,325.97
Less:
Accumulated 7,145,676.76 13,954,708.33 228,668.96 9,183.13 3,285.00 23,533.72 37,131.63 459,372.94 9,306,354.11 23,122,257.56
Depreciation
Carrying
Amount,
6,559,975.32 25,445,291.67 334,723.08 36,016.87 29,565.00 214,486.28 431,475.57 586,232.06 6,748,051.67 24,771,068.41
December 31,
2016
31
Annex F
Regional Office X
Property, Plant and Equipment is carried at cost less accumulated depreciation. Regular
maintenance, repair and minor replacements are charged against Maintenance and Other
Operating Expense (MOOE).
Construction in Progress account refers to different unfinished construction project of the

Department as of December 31, 2016.
11. Financial Liabilities
Accounts Payable
66,702,742.82 72,697,268.40
Guaranty/Security
Deposits 277,720.75 -
Total 66,980,463.57 72,697,268.40
The Accounts Payable of 66,702,742.82 represents to various claims of creditors as of

December 31, 2016. It also includes vouchers for release to LGUs or to Peoples Organization
but hold due to unliquidated of previous fund transfers.
12. Inter-Agency Payables

Current Non- Current Non-
Current Current
Due to BIR
2,764,024.27 1,006,183.19
Due to GSIS 868,447.61 727,536.76
Due to Pag-IBIG 639,519.99 13,736.67
Due to PhilHealth 477,778.64 4,200.00
Due to NGAs 533,164.69 572,137.87
Due to GOCCs 8,634.94 254,611.61
Due to LGUs 2,342,331.93 1,738,262.93
Total 7,633,902.07 4,316,669.03
Due to BIR consists of income tax deducted from supplier and will be remitted during the
ensuing year.
Due to GSIS include Life and Retirement Premium, salary loan, policy loan and ECC
and are also remitted during the ensuing year.
32
Annex F
Regional Office X
Due to NGAs account consists of funds received from RSCWC for the construction of
Day Care centers to various municipalities of the region but with unliquidated balance of
521,089.50 as of Dec. 31, 2016.
.
Due to GOCCs account: this is a salary deduction from employees payable to National
Home Mortgage Finance Corporation.
Due to LGUs represents the collection from LGUs for the 1/3 cost of care and
maintenance of residents confined at Regional Rehabilitation Center for Youth.
Moreover, all of the inter-agency payables are subject for full account reconciliation.
13. Intra-Agency Payables
Due to Central Office 39,019,943.50 2,987,203.00

145,231.68
Due to Regional Office -
Total 39,019,943.50 3,132,434.68
Due to Central Office represents funds under the PGMA Micro financing and Enterprise
Development Program and National Livelihood Support Fund.
14. Other Payables
Account 2016 2015

Name
Current Non- Current Non-
Current Current
Other Payables 15,303,134.27 114,150,593.65
The Other Payables account includes salary deduction payable to SWEAP, SSS,
MPCI, BINHI and other individual creditors/suppliers.
33
Annex F
Regional Office X
15. Service and Business Income

Registration Fees 7,200.00 500.00
Clearance and Certification Fees 338,200.00 9,000.00
Licensing Fees 6,000.00 2,000.00
Affiliation Fees 21,600.00 290,100.00
Fines and Penalties 112,515.35 -
Total 485,515.35 301,600.00
Permit Fees represents fees collected by the Department for fund raising campaign fee
from various registered, licensed and accredited Social Welfare and Development Agency
(SWADA) and for duty free entry or facilitation fees. While, Licensing Fees and Registration
Fees pertain to collections for registration, licensing and accreditation of SWADAs.
Clearance and Certification Fees are collections for travel clearance issued to minors
travelling abroad alone and/or accompanied by a person other than his/her parents.
16. Shares, Grants and Donations

Income from Grants and Donations in
4,000.00 2,000.00
Kind
Income from Grants and Donations in
68,824.75 227,652.92
Cash
Total 72,824.75 229,652.92
This account is used to record grants and donations received as technical assistance
and for project implementation from various foreign funding institutions such as the Asian
Development Bank, Millennium Challenge Corporation and United Nation agencies. This also
includes donations in cash and in kind to various centers and institutions of the Department.
17. Personnel Services
17.1 Salaries and Wages

Salaries and Wages - Regular
37,734,690.77 32,436,470.56
Salaries and Wages -
Casual/Contractual 323,246,855.01 291,425,142.78
Total Salaries and Wages 360,981,545.78 323,861,613.34
34
Annex F
Regional Office X
17.2 Other Compensation
Particulars 2016 2015

Personal Economic Relief
Allowance (PERA) 10,359,323.93 2,202,042.78
Representation Allowance (RA) 665,100.00 356,000.00
Transportation Allowance (TA) 348,500.00 326,000.00
Clothing/Uniform Allowance 765,170.00 780,000.00
Subsistence Allowance 1,469,959.07 24,400.00
Laundry Allowance 4,000.00 3,150.00
Quarters Allowance - 6,325.00
Productivity Incentive Allowance - 234,000.00
Productivity Enhancement Incentive 639,000.00 18,699,236.40
Performance Based Bonus 2,612,168.94 11,355,814.91
Honoraria 503,744.00 106,000.00
Hazard Pay 1,240,931.56 65,946.24
Overtime and Night Pay 334,777.79 241,280.81
Year End Bonus 6,121,888.18 2,305,963.01
Cash Gift 51,500.00 500,560.38
Other Bonuses and Allowances 5,337,500.00 17,513,316.25
Total Other Compensation 30,453,563.47 54,720,035.78
The account Subsistence Allowance represents the amount paid for the Magna Carta of
DSWD Public Social Workers and DSWD Health Workers.
Productivity Incentive Allowance and Other Bonuses and Allowances pertain to the
Productivity Enhancement Incentive (PEI) and Collective Negotiation Agreement (C.N.A.) cash
incentive given to all DSWD Regular, Casual and Contractual Employees for CY 2016.
The account Honoraria pertains to the cash incentive granted to DSWD Employees for
services rendered in Special Projects in addition to their regular duties.
17.3 Employee Future Benefits
The DSWD and its employees contribute to the GSIS. The GSIS administers the plan,
including payment of pension benefits to employees to whom the act applies.
35
Annex F
Regional Office X
17.4 Personnel Benefit Contributions

Retirement and Life Insurance Premiums 4,071,910.55 3,043,986.56
Pag-IBIG Contributions 110,600.00 199,424.89
PhilHealth Contributions 555,000.00 677,800.00
Employees Compensation Insurance Premiums 134,500.00 98,100.00
Other Personnel Benefits 24,584.02 9,208.72
Total Personnel Benefit Contributions 4,896,594.57 4,028,520.17
Retirement and Life Insurance Premium pertains to the remittances made to the
Government Service Insurance System (GSIS) for Life & Retirement Premium Government's
share and other payables.
Pag-IBIG Contributions represents remittances to the Home Development Mutual Fund

(HDMF) for PAG-IBIG premiums pertaining to government share.
PhilHealth Contributions represents payment of PhilHealth premium for government

share.
Other Personnel Benefits refers to the payment made for the monetization of leave
credits of DSWD Regular, Casual & Contractual Employees for the period March to December
31, 2016.
18. Maintenance and Other Operating Expenses
18.1 Traveling Expenses
Traveling Expenses - Local 63,119,822.92 53,969,328.11
Traveling Expenses - Local includes airfare, pre-travel allowance, accommodation and

daily subsistence allowance of DSWD Officers and Employees during travels on official
business to attend various trainings/seminars, consultation meetings for the period January to
December 2016.
18.2 Training and Scholarship Expenses
Training Expenses 95,337,514.12 72,163,438.60

Scholarship Grants/Expenses - 14,963.00
Total Training and Scholarship Expenses 95,337,514.12 72,178,401.60
36
Annex F
Regional Office X
Training Expenses consists of payment of honorarium of resource persons, board and

lodging and or hotel accommodation of participants to various seminar, training - workshops. It
also includes course fee and or registration fees of DSWD Officers and Employees to
enhancement training and seminars.
18.3 Supplies and Materials Expenses
Office Supplies Expenses 9,136,290.70 10,099,285.26

Accountable Forms Expenses 35,981.68 48,622.16
Food Supplies Expenses 8,282,208.60 6,556,127.33
Welfare Goods Expenses 170,368,158.06 29,928,724.24

Drugs and Medicines Expenses 510,421.28 422,128.36
Medical, Dental and Laboratory Supplies 8,442.00 16,112.00
Expenses
Fuel, Oil and Lubricants Expenses 1,902,484.35 1,391,724.35
Other Supplies and Materials Expenses 6,978,704.28 5,368,460.34
Total Supplies and Materials Expenses 197,222,690.95 53,831,184.04
18.4 Utility Expenses
Water Expenses 1,315,846.16 2,031,676.27
Electricity Expenses 3,917,596.14 3,027,023.71
Total Utility Expenses 5,233,442.30 5,058,699.98
Utility Expenses represent payments made to various Water and Electric

Services Institution for consumption of DSWD FO main building, CIU and SLP building,
warehouse, Supply Unit Building and centers. It also includes RRCY, Gingoog City.
18.5 Communication Expenses

Postage and Courier Services 386,131.75 291,838.40
Telephone Expenses 8,631,661.57 6,331,670.69
Internet Subscription Expenses 1,157,042.98 810,695.79
Cable, Satellite, Telegraph and Radio Expenses 48,986.95 25,719.50
Total Communication Expenses 10,223,823.25 7,459,924.38
37
Annex F
Regional Office X
Postage and Courier Services represents payment made to the Luzon Brokerage
Corporation (LBC) Express, for mailing services of various communications and door-to-door
delivery of hard copy of reports to Central Office.
Telephone Expenses are payments made to the Philippine Long Distance Telephone
Company (PLDT) for current charges of DSWD Telephone (Landlines) lines. It also includes
mobile expenses made to Globe Telecom, Inc. and Smart Communications, Inc. for Globe
Amax and Smart BIZ load services corporate e-loading systems for use of DSWD Officials and
Employees who are Globe/Touch Mobile and Smart/Talk and Text subscribers. Also included
are reimbursements of individual post-paid lines payments in lieu of prepaid card allocation.
Internet Subscription Expenses represents payment made to Philippine Long

Distance Telephone Company (PLDT) for the wireless internet subscription.
18.6 Awards/Rewards and Prizes

Awards/Rewards Expenses 318,985.00 88,829.71
Prizes 19,500.00 2,850.00
Total Awards/Rewards and Prizes 338,485.00 91,679.71
Awards/Rewards and Prizes Expenses is the cash awarded to the winners of

Listahanan photo contest and huwarang pantawid pamilya. It also includes payment to Footprint
Award Centrum for the trophies.
18.7 Extraordinary Expenses

Extraordinary and Miscellaneous Expenses 117,600.00 117,600.00
Extraordinary and Miscellaneous Expenses - payment of extraordinary and

miscellaneous expenses of DSWD Officials for the period January to December 2016.
18.8 Professional Services

Legal Services 110,673.35 89,080.00
Auditing Services 162,195.00 134,645.20
Other Professional Services 223,228,423.13 180,139,593.59
Total Professional Services 223,501,291.48 180,363,318.79
Legal Services represents payment of counsel's fee of DSWD Legal Service Staff
during attendance to various court hearings. It also includes payment to PLDT for current
telephone charges of the Office of the Ombudsman and Child Justice League; honorarium for
legal services rendered by the Child Justice League and monthly allowance of the Office of the
Solicitor General Officials and Personnel for legal services rendered for the period January to
December 2016.
38
Annex F
Regional Office X
Auditing Services pertains to office supplies used and traveling expenses of DSWD-
COA staff during validation and or inspection of DSWD Projects of 4Ps and KC-NCDDP
projects.
Other Professional Services are payments to DSWD hired workers under a Cost of
Service Contracts.
18.9 General Services

Janitorial Services 361,019.59 412,293.09
Security Services 1,918,214.79 1,020,675.96
Total General Services 2,279,234.38 1,432,969.05
Janitorial Services are payment made to Atwork Manpower Services for janitorial
services rendered for the period January to December 2016.
Security Services are payments made Rover Eagle Security Agency for the period
January to December 2016 for security services rendered at DSWD Regional Office and to four
centers.
18.10 Repairs and Maintenance

Repairs and Maintenance - Buildings and Other
Structures 362,441.47 1,725,318.72
Repairs and Maintenance Hostels and
Dormitories - 1,395.00
Repairs and Maintenance - Other Structures 1,101,785.85 172,403.00
Repairs and Maintenance Leased Asset
Improvements - 1,180.00
Repairs and Maintenance Furniture and Fixtures 151,624.54 74,784.00
Repairs and Maintenance Office Equipment 347,195.00 90,727.72
Repairs and Maintenance IT Equipment 130,641.80 700,938.60
Repairs and Maintenance Communication
Equipment 1,550.00 19,767.00
Repairs and Maintenance Other Machinery and
Equipment - 6,155.00
Repairs and Maintenance Motor Vehicles 2,080,353.35 1,256,034.58
Repairs and Maintenance Other PP & E 22,756.96 12,049.50
Total Repairs and Maintenance Expenses 4,198,348.97 4,060,753.12
39
Annex F
Regional Office X
18.11 Taxes, Insurance Premiums and Other Fees

Fidelity Bond Premiums 673,149.74 521,143.94
Insurance Expenses 470,702.99 221,429.00
Total Taxes, Insurance Premiums and Other

Fees 1,143,852.73 742,572.94
Fidelity Bond Premium represents payment of fidelity bond premium of Regular

Disbursing Officers, Special Disbursing Officers and Approving/Signatory of each
Bureau/Service of the Department.
Insurance Expenses represents payment to Land Transportation Office (LTO) and

Government Service Insurance System for vehicle insurance.
18.12 Labor and Wages
Labor and Wages 2,602,673.00 2,304,156.33
Labor and Wages are payments made to hired individuals for repacking of goods ready
for distribution.
18.13 Other Maintenance and Operating Expenses

Advertising Expenses 927,716.63 755,913.43
Printing and Publication Expenses 92,441.00 1,419,588.16
Representation Expenses 6,466,526.47 5,880,168.62
Transportation and Delivery Expenses 569,543.93 354,760.90
Rent/Lease Expenses 3,175,500.71 2,130,910.00
Subscription Expenses 271,357.98 65,587.00
Consultancy Services 71,016.00 4,922,552.43
Donations - 549,000.00
Other Maintenance and Operating Expenses 25,456,948.19 2,029,573.61
Total Other Maintenance and Operating

Expenses 37,031,050.91 18,108,054.15
Advertising Expenses includes newspaper publication or advertorial for Invitation to

Bid for the procurement of goods and services.
Subscription Expenses represents payments made to AC SABIDO NEWSTAND for

newspaper subscription for the period January to December 2016.
40
Annex F
Regional Office X
19. Financial Expenses
Bank Charges 17,660,373.62 14,999,742.62
The account Bank Charges generally refers to payment and accruals of interbank fees
for cash card grants advanced by Land Bank of the Philippines (LBP) to other banks for ATM
transactions and the bank service fees for over-the-counter payments of cash grants by the LBP
conduits for the implementation of the Pantawid Pamilya program.
20. Non-Cash Expenses
20.1 Depreciation

Amortization Computer Software 3,285.00 -
Depreciation - Buildings 1,247,666.67 1,768,447.64
Depreciation - Other Structures 14,241.99 -
Depreciation - Furniture, Fixtures and
Books 88,211.42 787,358.73
Depreciation - Office Equipment 2,187,794.73 1,254,985.84
Depreciation - Books 501.08
Depreciation IT Equipment 6,429,074.41 6,100,497.36
Depreciation Communication Equipment 89,117.60 48,886.70
Depreciation Disaster Response and
Rescue Equipment - 626.27
Depreciation Medical Equipment - 6,709.94
Depreciation Sports Equipment 7,751.80 5,959.59
Depreciation Technical and Scientific

Equipment 11,120.38 15,668.68
Depreciation Other Machinery and

Depreciation Motor Vehicles 1,651,120.63 1,505,445.13
Depreciation - Other Property, Plant and

Total Depreciation 11,729,384.64 11,952,256.35
41
Annex F
Regional Office X
The Depreciation for Buildings and Other Structures, Machinery and Equipment,
Transportation Equipment, Furniture and Fixtures and Books, Other Property, Plant and
Equipment are periodic cost allocation for the wear and tear the Department's PPE.
21. Net Financial Assistance/Subsidy
Financial Assistance/Subsidy from NGAs, LGUs, GOCCs

Subsidy from National Government 3,050,195,422.74 1,909,134,970.10
Subsidy from Central Office 205,382,933.91 345,772,994.73
Assistance from Local Government Units - -
Subsidy from Other NGAs - 83,169,715.48
Total Financial Assistance/Subsidy
from NGAs, LGUs 3,255,578,356.65 2,338,077,680.31
Less: Financial Assistance/Subsidy to NGAs, LGUs, GOCCs, NGOs/POs

Financial Assistance to NGAs - 38,438,477.12
Subsidies - Others 1,164,150,902.15 768,803,217.02
Total Financial Assistance/Subsidy to
NGAs, LGUs 1,164,150,902.15 807,241,694.14
Net Financial Assistance/Subsidy 2,091,427,454.50 1,530,835,986.17

The account Financial Assistance to NGAs pertains to transfer of funds to TESDA for
Technical Vocational skills training and DepEd for the School-Based Feeding Program.
The account SubsidiesOthers - pertains to payment of financial assistance to

individuals in crisis situation, cash for work to Pantawid Pamilya beneficiaries and the
community grants for the KC NCDDP program from January to December 2016.
42
Annex F
Regional Office X
22. Budget Information
Budgeted Amounts Actual Amounts on Difference Final

Particulars Comparable Basis Budget and
Original Actual Actual
RECEIPTS:
Service and Business Income 371,195.00 371,195.00 1,728,154.90 (1,356,959.90)

Income from Grants and Donations
in Cash 230,000.00 230,000.00 68,824.75 161,175.25
LGU counterpart to CICL 502,092.36 502,092.36 502,092.36 -
Other Receipts 11,671,026.16 11,671,026.16 11,645,244.11 25,782.05
Total Receipts 12,774,313.52 12,774,313.52 13,944,316.12 (1,170,002.60)

PAYMENTS:
Personnel Services 382,172,928.12 382,172,928.12 382,136,667.36 36,260.76

Maintenance and Other Operating
Expenses 2,928,782,948.15 2,928,782,948.15 2,482,399,324.66 446,383,623.49
Capital Outlay 24,712,000.00 24,712,000.00 4,653,327.49 20,058,672.51
Financial Expenses 17,559,387.51 17,559,387.51 12,417,185.12 5,142,202.39
Total Payments 3,353,227,263.78 3,353,227,263.78 2,881,606,504.63 471,620,759.15
Net Receipts/(Payments) (3,340,452,950.26) (3,340,452,950.26) (2,867,662,188.51) (472,790,761.75)
43
Annex F
Regional Office X
Difference of Final Budget and Actual Amounts
Unobligated allotments/ unutilized budget 200,151,778.86

Unpaid obligations/ utilizations reflected in the SAAODB/
SABUDB 272,638,982.89
Net Receipts/(Payments) 472,790,761.75
Actual receipts derived from miscellaneous income from collections of bid documents
contributed to the substantial increase of service and business income. This is due to the
numerous transactions of biddings that happened during the calendar year.
Actual payments of PS, MOOE, CO and FE are significantly lower than the budget by
the amount of P471, 620,759.15 due to the unpaid obligations and unobligated allotments
incurred during the calendar year. Forty percent (40%) of this difference by the amount of P187,
379,095.16 is from MOOE of the regular fund. Difference in the capital outlays budget and
actual amounts is due to several construction in progress obligated but not yet paid in 2016.
Various expenses charged under MOOE were also not yet paid but obligated during the year.
Also, NTA received by KALAHI fund is lesser than the SAA allotted which resulted to lesser
disbursements.
23. Prior Period Adjustment
23.1 Payments to Accounts payable in the amount of 5,994,525.58 was made during the
year. Effects to financial statements is summarized below.
Effect on 2015 Statement of Net Assets/Equity
Particular Amount
Increase in PhP 5,994,525.58

Surplus/Deficit
Effect on 2016 Statement of Financial Position
Particular Amount
Decrease in Accounts Payable PhP 5,994,525.58
Increase in Net Asset/Equity PhP 5,994,525.58
23.2 Understated value of Building with an amount of 1,500,000.00 was added as part of
PPE. Reclassification of PPE items with amounts below 15,000.00 to semi expendables with an
accumulated surplus of 21,457,672.09 was adjusted during the year. Adjustments to the
carrying value of the PPEs with an amount of 13,367,376.49 were also made.
44
Annex F
Regional Office X
Particular Amount
Decrease in PhP 33,325,048.58

Surplus/Deficit
Particular Amount
Increase in Property Plant Equipment PhP 1,500,000.00
Decrease in Property Plant Equipment PhP 34,825,048.58
Decrease in Net Asset/Equity PhP 33,325,048.58
23.3 Unbooked advances to Officers and employees of PhP2,880.00 was recognized

during the year.
Particular Amount
Increase in PhP 2,880.00

Surplus/Deficit
Particular Amount
Increase in the account Advances to Officers and Employees PhP 2,880.00
Increase in Net Asset/Equity PhP 2,880.00
23.4 Liquidations/Refunds Liquidations/refunds of inter-agency fund transfers,

transfer to NGO/POs, Advances to Special Disbursing Officer and Advances to officers and
employees in the amount of PhP 850,352,939.89 resulted to decrease in surplus/deficit during
the year.
Particular Amount
Decrease in Php 850,352,939.89

Surplus/Deficit
45
Annex F
Regional Office X
Particular Amount
Decrease in Receivables PhP 850,352,939.89
23.5 Cash Treasury, Agency Deposit, Regular was closed to Accumulated

surplus/deficit for 7,751,688.98.
Particular Amount
Decrease in PhP 7,751,688.98

Surplus/Deficit
Particular Amount
Decrease in Cash treasury, agency deposit regular PhP 7,751,688.98
23.8 Unbooked Accounts Payable net underbooking of prior year accounts payable of
PhP 137,809,122.28 was recognized this year.
Particular Amount
Decrease in PhP137,809,122.28
Surplus/Deficit
Particular Amount
Decrease in Cash treasury, agency deposit regular PhP137,809,122.28
Decrease in Net Asset/Equity PhP137,809,122.28
46
Annex F
Regional Office X
23.9 Total Adjustments of prior year transaction resulted to decrease in surplus/deficit

in the amount of 619,329,303.78 was recognized during the year.
Particular Amount
Increase in PhP 619,329,303.78

Surplus/Deficit
Particular Amount
Decrease in asset PhP 619,329,303.78
24. Related Party Transactions
24.1 Key Management Personnel
The key management personnel of the DSWD are the Head of the Agency, the
members of the Executive Committee which consists of the Undersecretaries and the Assistant
Secretaries, and the members of the Management Committee which consists of the Directors of
the Offices, Bureaus, and Services.
24.2 Key Management Personnel Compensation
The aggregate remuneration of members of the governing body and the number of
members determined on a fulltime equivalent basis receiving remuneration within this category,
are:
Aggregate
Particulars Remuneration
Salaries and Wages 3,051,294.6
Other Compensation 559,161.03
Personnel Benefit Contributions 254,708.96
Total Other Personnel Benefits 3,865,164.59
47
Annex F
Regional Office X
25. Pantawid Pamilyang Pilipino Program
The Pantawid Pamilyang Pilipino Program has the following disbursements for the
year as reflected in the Budget Financial Accountability Report- Statement of Appropriations,
Allotments, Obligations, Disbursements and Balances (SAAODB FAR 1):
Particulars Amount
Personnel Services 213,294,622.20
Subsidies-Others 85,592,662.28
Other Maintenance and Operating Expenses 222,560,549.98
Subtotal Maintenance and Other Operating Expenses 308,153,212.26
Total Disbursements 521,447,834.46
Personnel Services composed of the Salaries and Wages for all Contractual Staff of
the Program including other compensation and allowances, bonuses, personnel benefit
contributions, and other personnel benefits.
Subsidies-Others are the cash grants/cash for work for the year provided to Modified
conditional cash transfer beneficiaries.
Other Maintenance and Operating Expenses are all other operating expenses of the
Program except the conditional cash grants.
48

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Annex F

DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT

DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT PPSAS 1

1. General Information/Agency Profile

The financial statements of Department of Social Welfare and Development PPSAS

General Administration and Support Services

Formulation and Enhancement for Policies and Plans

Capability Building of and Technical Assistance to Intermediaries

Trainings and Capability Building Program of Intermediaries

Protection and Promotion of Rights and Welfare of the Poor , Vulnerable

Augmentation and Support Services to Intermediaries in their

Foreign Assisted Program

KALAHI-CIDSS National Community Driven Development Project

Social Welfare and Development Reform Project (SWDRP) - World

Social Protection Support Project (SPSP) - Asian Development Bank

education and health services among poor households and women

Capacity Development for Social Protection (TA 7586-PHI) grant

Technical Assistance for Strengthened Gender Impacts of Social

Technical Assistance for Support for Social Protection Reform (TA

United Nations Childrens Fund (UNICEF) funded by the UNICEF

United Nations Childrens Fund (UNICEF) Emergency Unconditional

UNFPA 7th Country Programme (PHL7U505) This is a cash

United Nations World Food Programme - Development of the

UN World Food Programme emergency cash distribution for the

ASEAN ROK (Republic of Korea) Funded Activities:

o Working towards a Cyber Pornography and Cyber Prostitution

o Training Workshop on Strengthening Capacities of

o Training Workshop on ASEAN Active Ageing (ACT)

ASEAN Government of Japan (Japan ASEAN Integration Fund)

o ASEAN Conference for Program Evaluation for Persons with

Disabilities (PWD) This is to provide a venue for ASEAN

o Forum on the Promotion of Peace and Development for

AusAID / World Bank Grant for Preparation of the National

AusAID / World Bank Co-financing for Kapitbisig Laban sa Kahirapan

carrying out of investment sub-projects specifically related to the

Government of Australia (GoA) Department of Foreign Affairs and

Government of Australia (GoA) Department of Foreign Affairs and

Government of Australia (GoA) Department of Foreign Affairs and

Government of Australia (GoA) Department of Foreign Affairs and

Government of Australia (GoA) Department of Foreign Affairs and

accountable cash grant funded by the Government of Australia to

Other foreign assisted projects which have been transferred to the

DSWD Regional Office X registered office address is located in Masterson

2. Statement of Compliance and Basis of Preparation of Financial Statements

3. Summary of Significant Accounting Policies

3.1 Basis of accounting

The financial statements are prepared on an accrual basis in accordance PPSAS 1,

3.2 Financial instruments

Initial recognition and measurement

The DSWD's financial assets include cash and other receivables.

The subsequent measurement of financial assets depends on their

Loans and receivables

Impairment of financial assets

financial asset or a group of financial assets is deemed to be impaired if,

Evidence of impairment may include the following indicators:

The debtors or a group of debtors are experiencing significant

Initial recognition and measurement

The DSWDs financial liabilities include other payables.

The measurement of financial liabilities depends on their classification.

3.3 Cash and cash equivalents

3.5 Property, Plant and Equipment

The characteristics of PPE are as follows:

tangible items; PPSAS 17.14