Beruflich Dokumente
Kultur Dokumente
Annual
Financial
Report
Government Corporations
Volume I
FY 2017 Annual Financial Report for
Government Corporations
Volume I
Table of Contents
Executive Summary
Financial Position................................................................................................... 1
Financial Performance ........................................................................................... 6
Changes in Net Assets/Equity.............................................................................. 10
Cash Flows ........................................................................................................... 10
Comparison of Budget and Actual Amounts ....................................................... 11
Schedules
1 Aging of Accounts Receivable ..................................................................... 74
2 Aging of Unliquidated Cash Advance for Operating Expenses ................... 79
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3 Aging of Unliquidated Cash Advances for Payroll ...................................... 81
4 Aging of Unliquidated Cash Advances to Special Disbursing Officers ....... 82
5 Aging of Unliquidated Cash Advances to Officers and Employees ............. 84
6 Aging of Accounts Payable .......................................................................... 88
7 Summary of Property, Plant and Equipment ................................................ 92
8 Top 20 Government Corporation Taxpayers .............................................. 113
9 Top 20 Government Corporations with Dividend Remittances ................. 114
10 Breakdown of Domestic Loans ................................................................... 115
11 Breakdown of Foreign Borrowings ............................................................ 121
12 Subsidy Received from other Government Agencies ................................. 128
13 Annual Growth in Subsidy Income from the National Government .......... 129
14 Summary of Representation, Extraordinary and Miscellaneous Expenses,
Advertising, Promotional and Marketing Expenses,
Confidential, Intelligence and Consultancy Services ............................. 131
15 Top 20 Government Corporations with Highest Amount of Total
Assets ...................................................................................................... 136
16 Top 20 Government Corporations with Highest Amount of Total
Liabilities ................................................................................................ 137
17 Top 20 Government Corporations with Highest Amount of
Total Equity ............................................................................................ 138
18 Top 20 Government Corporations with Highest Amount of
Total Income ........................................................................................... 139
19 Top 20 Government Corporations with Highest Amount of Total
Expenditures ........................................................................................... 140
Annexes
A Summary of Data of Government Corporations by Cluster
(Name/Acronym/Parent/Controlling/GBE or Non-GBE) ...................... 141
B Summary of Functions of Government Corporations ................................. 151
C Summary of Accomplishments of Selected Government Corporations ..... 163
D List of Government Corporations with Acronym and Status of Audit ....... 191
E List of Government Corporations and Accounting Standards Adopted ...... 197
F List of Government Corporations with Unsubmitted Financial
Statements ............................................................................................... 201
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Suspensions, Disallowances and Charges................................................................ 323
Summary of Implementation of Prior Years’ Audit Recommendations ................. 324
Gender and Development Consolidated Common Audit Findings ......................... 326
Tables
I-1 Comparative Composition of Current Assets............................................ 2
I-2 Comparative Composition of Non-Current Assets ................................... 3
I-3 Comparative Composition of Current Liabilities ...................................... 4
I-4 Comparative Composition of Non-Current Liabilities.............................. 5
I-5 Comparative Composition of Income ....................................................... 7
I-6 Comparative Composition of Expenses .................................................... 9
I-7 Comparative Composition of Net Assets/Equity .................................... 10
I-8 Comparative Cash Flows, by Activity for CYs 2017 and 2016 .............. 11
IV-1 Summary of Selected Significant and Peculiar Audit Observations and
Recommendations on Government Corporations in NCR and
Stand-Alone agencies in the Region ................................................ 206
IV-2A Summary of Common but Significant Observations and
Recommendations on Government Corporations in NCR and
Stand-Alone agencies in the Region ................................................ 246
IV-2B Summary of Common but Significant Observations and
Recommendations (Water Districts in the Regions) ........................ 268
IV-3 Status of Issuance and Settlement of Audit Suspensions,
iii
Disallowances and Charges .............................................................. 324
IV-4 Summary of Agencies with Common GAD Audit Observations,
by Cluster ......................................................................................... 347
IV-5 Tabulation of Audit Opinion Rendered ................................................. 349
IV-6 Status of Implementation of Prior Years’ Audit Recommendations ..... 353
Charts
I-1 Financial Position for CYs 2017 and 2016 ............................................... 1
I-2 Composition of Total Assets for CY 2017 ................................................ 2
I-3 Composition of Total Liabilities for CY 2017 .......................................... 4
I-4 Comparative Components of Net Assets/Equity....................................... 6
I-5 Composition of Income for CY 2017 ........................................................ 7
I-6 Composition of Total Expenses for CY 2017 ........................................... 8
IV-1 Total Opinions Rendered per Type ....................................................... 205
IV-2 Status of Implementation of Prior Years’ Audit
Recommendations ............................................................................. 325
iv
EXECUTIVE SUMMARY
Legal Framework
The Commission on Audit (COA) is mandated under Section 4, Article IX-D of the
Philippine Constitution to submit to the President and the Congress, within the time fixed by
law, an Annual Financial Report (AFR) of the Government, its subdivisions, agencies and
instrumentalities, including government-owned or controlled corporations (GOCCs), and
recommend measures necessary to improve efficiency and effectiveness. This is also stated in
Section 41 (1) of Presidential Decree (P.D.) No. 1445, the Government Auditing Code of the
Philippines, which provides that the COA shall submit to the President and the Congress the
said Annual Report not later than the last day of September of each year.
The Government Accountancy Sector (GAS) prepares the AFR pursuant to Section 12, P.D.
No. 1445 and COA Resolution No. 2013-021 dated November 20, 2013, prescribing the
restructuring of the GAS, COA. This AFR covers the financial condition and results of
operations of GOCCs, including government financial institutions (GFIs) and their
subsidiaries, and water districts (WDs), collectively referred to in this Report as government
corporations (GCs).
Objectives
This 2017 AFR for GCs is prepared to sustain the policy of the government on transparency
and accountability. It is intended to serve as a useful tool to address the advocacy of various
groups such as the media, civil society, people’s organizations, non-government
organizations and the international community in attaining transparency in government
agencies and giving public access to financial information.
It aims to make available to a wide range of users the necessary information on financial
position, comprehensive income/financial performance, changes in net assets/equity and cash
flows, of all GCs. The wide range of users include, among others, the President, the executive
branch tasked to manage the affairs of the entire bureaucracy, and the legislative branch of
government during legislation including deliberations on bills proposals. Further, this Report
provides information that may be useful to the public, present and potential investors, lenders,
suppliers/creditors, and other stakeholders.
This AFR for GCs covers the comparative combined financial statements (FSs) for CYs 2017
and 2016 of the 604 or 93.07 percent of the total 649 GCs under the audit jurisdiction of the
Corporate Government Sector (CGS) and Regional Offices of COA. The combined FSs
include the FSs received by GAS on July 31, 2018, the cut-off date of submission.
Volume I of this Report presents the overall combined FSs of 127 regular GCs or 96.21
percent of the 132 regular GCs, including 18 stand-alone entities located in the Regions, and
the combined FSs of 477 Water Districts (WDs). All WDs and 83 GCs, out of the 127 regular
GCs, are classified as government business enterprises (GBEs) and the remaining 44 GCs are
classified as non-GBEs. Of the 44 non-GBEs, only 42 GCs or 95.45 percent submitted the
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Statement of Comparison of Budget and Actual Amounts. Volume II presents separately the
combined FSs and individual FSs of 477 WDs.
Of the 604 GCs, 435 or 72.02 percent were audited while 169 or 27.98 percent are either on
ongoing audit or are still to be audited. Most of the unaudited FSs pertain to WDs located in
the different regions.
This Report does not include the FSs of the National Livelihood Development Corporation
and the People’s Credit and Finance Corporation that ceased operations on December 31,
2017 and June 30, 2017, respectively. This also does not include the FSs of the Tarragona
WD, a newly created entity in Region XI. The three GCs have no comparative FSs for CYs
2017 and 2016.
The FSs of the Overseas Welfare Workers Administration (OWWA), now a national
government agency, are not included in this Report and are combined in the AFR for
National Government.
Part I presents the financial highlights of GCs for CY 2017 based on the overall financial
information from the combined FSs. Part II presents the combined FSs for CYs 2017 and
2016 composed of the following:
Part III presents significant financial information pertaining to GCs, which include among
others, schedules of: a) aging of accounts receivable and accounts payable; b) aging of
unliquidated cash advances for: operating expenses, payroll, special disbursing officers, and
officers and employees; c) summary of property, plant and equipment; d) top 20 GCs
taxpayers, and with dividend remittances; e) breakdown of domestic and foreign loans; f)
subsidy received from national government (NG) and annual growth in subsidy received from
NG; and g) summary of confidential, extraordinary and miscellaneous expenses and
consultancy services shown as Schedules 1 to 19 of this Report. Included also as Annexes A -
F are: the list of GCs with acronyms and their business location, the functions and highlights
of accomplishments of selected GCs, which were lifted from their respective
Accomplishment Reports and Annual Audit Reports; status of audit, accounting standards
adopted; and list of GCs with unsubmitted FSs.
Part IV presents the Summary of Audit Results which includes the type of audit opinions
rendered, summary of selected significant and common audit observations with
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corresponding recommendations, summary of issuance and settlement of suspensions,
disallowances and charges, and the summary of implementation of prior years’ audit
recommendations. The audit opinion rendered on the fairness of presentation of each GC’s
FSs was a representation and sole responsibility of the auditor concerned. Part V presents the
combined FSs of GCs by cluster and individual FSs of each GC, categorized as GBE or non-
GBE, by cluster.
Methodology of Combination
The financial information presented in this Report was derived from the FSs submitted by the
GCs or the Annual Audit Reports (AARs) published in the COA website, combined at the
GAS. For WDs, the individual components of the FSs were initially combined per province
in each region. Results were further combined to arrive at the regional level combination. The
two-level combinations (provincial and regional) were prepared at the respective COA
regional offices while the WD national level combination, composed of 17 regions, was
processed at the GAS.
The GCs prepared their FSs in accordance with applicable financial reporting frameworks,
particularly: Philippine Financial Reporting Standards (PFRS), Philippine Public Sector
Accounting Standards (PPSAS), and the generally accepted accounting principles (GAAP),
as discussed in the Notes to FSs. Of the 604 GCs included in this Report, 574 GCs or 95.03
percent adopted the Revised Chart of Accounts (RCA), 26 GCs still used the Philippine
Government Chart of Accounts (PGCA), while the Bangko Sentral ng Pilipinas (BSP),
Development Bank of the Philippines, Land Bank of the Philippines, and the Philippine
Postal Savings Bank, adopted the accounts aligned with the BSP Manual of Accounts in the
preparation of the FSs. For purposes of combination, the accounts were reclassified to
conform to the RCA.
Financial Highlights
For CY 2017, GCs had a combined total assets of P12.640 trillion, total liabilities of P9.366
trillion and net equity of P3.273 trillion. These amounts are greater than CY 2016 total assets
of P12.022 trillion by P618.19 billion or 5.14 percent, total liabilities of P9.050 trillion by
P316.36 billion or 3.50 percent, and total equity of P2.971 trillion by P301.83 billion or 10.16
percent.
Total revenue of P1.141 trillion was higher by P44.40 billion or 4.05 percent from the
previous year’s amount of P1.096 trillion. On the other hand, total expenses of P924.09
billion was less by P31.31 billion or 3.28 percent compared with the previous year’s expenses
of P955.40 billion.
Total income tax expense of P13.19 billion was higher by P4.31 billion or 48.50 percent from
P8.88 billion in previous year. Net Assistance/Subsidy received by GCs totaling P77.80
billion was less by P15.13 billion or 16.28 percent compared with the previous year of P92.93
billion.
Total comprehensive income realized by GCs of P287.82 billion was higher by P74.85 billion
or 35.15 percent compared with P212.87 billion in CY 2016.
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Guide to Users
This AFR for the GCs consists of two volumes. Volume I presents the executive summary,
financial highlights, combined FSs, schedules and annexes, summary of audit results and FSs
of GCs by Cluster, while Volume II contains separately the financial highlights, combined
FSs with corresponding schedules and annexes, and FSs of WD by Region.
For enhanced financial reporting and greater transparency, the electronic copy of this Report,
and the complete details of the audit observations and recommendations concerning WDs are
presented in the individual AARs which are published in the COA website www.coa.gov.ph.
viii
PART I
FINANCIAL HIGHLIGHTS
PART I - FINANCIAL HIGHLIGHTS
Financial Position
As at December 31, 2017, the aggregate assets and liabilities of government corporations
(GCs), including water districts (WDs) were P12.640 trillion and P9.367 trillion, respectively,
resulting in total net assets/equity of P3.273 trillion. Compared to CY 2016, there were
increases in assets, liabilities and net assets/equity of 5.14 percent, 3.50 percent and 10.16
percent, respectively. Chart I-1 shows the graphical comparison of financial position for CYs
2017 and 2016.
14,000
12,640.04
12,021.85
12,000
10,000 9,366.73
9,050.37
8,000
6,000
2,000
-
Total Assets Total Liabilities Total Net Assets/Equity
2017 2016
Total assets of P12.640 trillion registered an increase of P618.19 billion or 5.14 percent from
previous year of P12.022 trillion. It is composed of current assets of P7.756 trillion and non-
current assets of P4.884 trillion, which are 61.36 percent and 38.64 percent, respectively, of
total assets. The top three GCs with highest amount of total assets are: Bangko Sentral ng
Pilipinas (BSP) with P4.667 trillion, Land Bank of the Philippines (LBP) with P1.624 trillion
and Government Service Insurance System (GSIS) with P1.124 trillion, or 36.92 percent,
12.85 percent and 8.89 percent of total assets, respectively. Schedule 15 of this Report shows
the top 20 GCs in terms of total assets. Chart I-2 shows the composition of total assets.
1
Chart I-2 Composition of Total Assets for CY 2017
(in trillion pesos)
P4.88 or 38.61 %
Current Assets
Current assets of P7.756 trillion increased by P310.85 billion or 4.18 percent from the CY
2016 current assets of P7.445 trillion. It substantially consists of International Reserves of
P4.056 trillion or 52.30 percent of the current assets which was reported solely by the BSP
for its gold, foreign bank deposits, special drawing rights, and other cash and cash
equivalents. Next account with substantial amount is Receivables of P1.590 trillion or 20.50
percent, and Financial Assets of P1.004 trillion or 12.95 percent of the total current assets.
All current assets accounts registered increases compared with CY 2016 balances, as shown
in Table I-1.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Cash and Cash Equivalents 867,494.64 811,009.25 56,485.39 6.96
International Reserves 4,056,596.05 3,997,979.59 58,616.47 1.47
Financial Assets 1,004,147.46 933,221.54 70,925.93 7.6
Other Investments 71,762.25 69,634.19 2,128.06 3.06
Receivables 1,590,318.89 1,484,637.96 105,680.94 7.12
Inventories 67,011.52 58,268.71 8,742.81 15.00
Non-Current Assets Held for
Sale 17,450.76 14,071.57 3,379.19 24.01
Other Current Assets 81,113.53 76,221.58 4,891.94 6.42
Total 7,755,895.11 7,445,044.39 310,850.72 4.18
2
Non-current Assets – P4.884 trillion
Non-current assets of P4.884 trillion increased by P307.34 billion or 6.72 percent from CY
2016 non-current assets of P4.577 trillion. It substantially consists of Receivables of P1.529
trillion, Financial Assets of P1.363 trillion, and Property, Plant and Equipment of P1.055
trillion or 31.30 percent, 27.91 percent, and 21.59 percent, respectively. Table I-2 shows the
comparative composition of non-current assets for CYs 2017 and 2016.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Non-International Reserves
Foreign Assets 91,737.57 87,859.51 3,878.06 4.41
Financial Assets 1,363,031.35 1,186,055.96 176,975.39 14.92
Investments in Joint Venture 8,391.41 8,968.62 (577.20) (6.44)
Investments in
Associates/Affiliates 18,862.29 18,989.11 (126.82) (0.67)
Investments in Subsidiaries 241,813.35 238,984.48 2,828.87 1.18
Other Investments 130,861.27 133,916.14 (3,054.87) (2.28)
Receivables 1,528,959.83 1,492,854.59 36,105.25 2.42
Investment Property 319,846.71 263,226.13 56,620.58 21.51
Property, Plant and Equipment 1,054,587.43 1,034,107.50 20,479.93 1.98
Biological Assets 107.33 102.57 4.76 4.64
Intangible Assets 3,791.61 3,663.06 128.55 3.51
Deferred Tax Assets 17,529.63 18,501.53 (971.89) (5.25)
Other Non-Current Assets 104,620.40 89,572.87 15,047.53 16.8
Total 4,884,140.18 4,576,802.06 307,338.12 6.72
Total Liabilities for CY 2017 of P9.367 trillion increased by P316.36 billion or 3.50 percent
compared with CY 2016 of P9.050 trillion. It is composed of current liabilities of P3.935
trillion and non-current liabilities of P5.431 trillion, which are 42.02 percent and 57.98
percent of total liabilities, respectively, as shown in Chart I-3. The top three GCs with highest
amount of total liabilities are: BSP with P4.586 trillion, LBP with P1.510 trillion, and Power
Sector Assets and Liabilities Management (PSALM) with P757.01 billion, or 48.96 percent,
16.12 percent and 8.08 percent, respectively. Schedule 16 presents the top 20 GCs with
highest liabilities.
3
Chart I-3 Composition of Total Liabilities for CY 2017
(in trillion pesos)
P3.94T or
42%
P5.43T or 58%
Current Liabilities
Non-Current Liabilities
Total current liabilities of P3.935 trillion decreased by P179.39 billion or 4.36 percent from
CY 2016 total current liabilities of P4.115 trillion. The biggest portion of current liabilities
for CY 2017 pertains to Deposit Liabilities of P2.332 trillion or 59.27 percent, consisting of
local and foreign currency deposits of the clients of the BSP, Development Bank of the
Philippines (DBP), LBP, Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP),
and Philippine Postal Savings Bank, Incorporated (PPSBI). Table I-3 shows the comparison
of current liabilities for CYs 2017 and 2016.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Financial Liabilities 682,890.11 686,358.19 (3,468.07) (0.51)
Deposit Liabilities 2,332,474.52 2,480,515.37 (148,040.84) (5.97)
Inter-Agency Payables 422,058.83 421,225.31 833.53 0.20
Intra-Agency Payables 308,035.83 385,004.56 (76,968.73) (19.99)
Trust Liabilities 71,439.79 53,516.84 17,922.96 33.49
Deferred Credits/Unearned
Income 33,441.59 19,329.19 14,112.40 73.01
Provisions 10,774.44 2,119.14 8,655.30 408.43
Other Payables 74,368.30 66,800.40 7,567.90 11.33
Total 3,935,483.42 4,114,868.99 (179,385.57) (4.36)
4
Non-Current Liabilities – P5.431 trillion
Non-current liabilities of P5.431 trillion increased by P495.74 billion or 10.04 percent from
CY 2016 non-current liabilities of P4.935 trillion. The biggest portion of non-current
liabilities for CY 2017 pertains to Deposit Liabilities of P2.043 trillion or 21.82 percent
consisting of local and foreign currency deposits of the clients of the BSP, DBP and LBP.
The next biggest portion pertains to Currency Issued of P1.267 trillion or 13.53 percent which
represents Philippine currency notes and coins issued by BSP. Table I-4 shows the
comparison of CYs 2017 and 2016 non-current liabilities.
Amount
Particulars 2016 Increase/ Percent
2017
Restated (Decrease)
Financial Liabilities 869,396.80 908,673.82 (39,277.03) (4.32)
Currency Issued 1,267,482.32 1,124,192.58 143,289.74 12.75
Deposit Liabilities 2,043,477.95 1,799,463.44 244,014.51 13.56
Inter-Agency Payables 446,215.93 447,858.28 (1,642.34) (0.37)
Intra-Agency Payables 31.23 25.77 5.46 21.18
Trust Liabilities 47,824.45 43,735.09 4,089.37 9.35
Deferred Credits/Unearned
Income 300,489.74 240,836.66 59,653.08 24.77
Provisions 34,058.88 29,872.32 4,186.56 14.01
Deferred Tax Liabilities 12,627.79 10,793.72 1,834.07 16.99
Other Payables 409,643.96 330,053.13 79,590.83 24.11
Total 5,431,249.05 4,935,504.80 495,744.24 10.04
With total liabilities of P9.367 trillion and total assets of P12.640 trillion, the debt/asset ratio
of GCs is 0.7. Total liabilities divided by total assets or the debt/asset ratio shows the
proportion of an entity’s assets which are financed through debt. If the ratio is less than 0.5,
most of the entity’s assets are financed through equity. If the ratio is greater than 0.5, most of
the entity's assets are financed through debt.
In CY 2017, the net assets/equity of the combined financial position of the GCs in the amount
of P3.273 trillion registered an increase of P301.83 billion or 10.16 percent than the previous
year of P2.971 trillion. Chart I-4 shows the comparative components of the net assets/equity
for CYs 2017 and 2016.
5
Chart I-4 Comparative Components of Net Assets/Equity
(in billion pesos)
The top three GCs with highest amount of total Net Assets/Equity are: GSIS with P1.104
trillion, Social Security System (SSS) with P492.09 billion, and Home Development Mutual
Fund (HDMF) with P431.53 billion, or 33.75 percent, 15.03 percent and 13.18 percent,
respectively. Schedule 17 presents the top 20 GCs with highest net assets/equity.
Financial Performance
The aggregate comprehensive income of GCs for CY 2017 is P287.82 billion, which is
P74.85 billion or 35.15 percent greater than that of P212.97 billion earned in CY 2016.
Combined income and combined expenses for CY 2017 posted at P1.141 trillion and P924.09
billion, respectively. GCs incurred income tax expense amounting to P13.19 billion. Of the
P287.82 billion comprehensive income of GCs, P77.80 billion or 27.03 percent was sourced
from net assistance/subsidy. The top 20 GCs ranked in terms of highest total income and total
expenses are presented in Schedules 18 and 19, respectively.
The GCs recorded combined total income of P1.141 trillion in CY 2017. This was an increase
of P44.40 billion or 4.05 percent compared with CY 2016 total income of P1.096 trillion. The
composition of total Income for CY 2017 is shown in Chart I-5.
6
Chart I-5 Composition of Income for CY 2017
(in billion pesos)
Gains, P164.24 or
Service and Business 14.40%
Income, P923.99 or
81.01%
Other Non-Operating
Income, P29.08 or
2.55%
Table I-5 shows the comparative composition of income for CYs 2017 and 2016.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Tax Revenue 2,852.45 2,414.94 437.51 18.12
Service and Business Income 923,989.87 861,112.77 62,877.11 7.3
Shares, Grants and Donations 20,435.91 20,341.87 94.05 0.46
Gains 164,237.22 194,226.23 (29,989.01) (15.44)
Other Non-Operating Income 29,082.06 18,098.74 10,983.32 60.69
Total 1,140,597.52 1,096,194.55 44,402.97 4.05
The Service and Business Income of P923.99 billion for CY 2017 was posted as the highest
share of 81.01 percent of the GCs’ total income. SSS and GSIS reported the highest service
and business income of P185.93 billion or 20.12 percent and P162.20 billion or 17.55
percent, respectively.
The Other Non-Operating Income of P29.08 billion was an increase of P10.98 billion or
60.69 percent compared with CY 2016 of P18.10 billion. This was composed of an increase
in total Miscellaneous Income of P17.32 billion and a decrease in Reversal of Impairment
Loss of P6.34 billion.
The top 10 GCs with total income of P942.63 billion representing 82.64 percent of the total
income of P1.141 trillion for CY 2017 are as follows:
7
Amount Percent to
Name of GCs
(in thousand pesos) total
GSIS 276,069,438 24.20
SSS 202,390,265 17.74
BSP 93,387,843 8.19
PSALM 79,590,413 6.98
PHIC 62,993,602 5.52
PAGCOR 60,153,145 5.27
LBP 54,095,908 4.74
HDMF 54,019,515 4.74
PDIC 31,381,778 2.75
Water Districts 28,552,020 2.50
Sub-total 942,633,926 82.64
Other GCs 197,963,591 17.36
Total 1,140,597,517 100.00
.
Expenses – P924.09 billion
GCs’ total expenses of P924.09 billion for CY 2017 dropped by P31.31 billion or 3.28
percent from CY 2016 total expenses of P955.40 billion. Chart I-6 shows the composition of
Total Expenses for CY 2017.
Non-Cash Expenses
The top 10 GCs with total expenses of P772.93 billion representing 83.64 percent of the total
expenses of P924.09 billion for CY 2017 are as follows:
8
Amount Percent to
Name of GCs
(in thousand pesos) total
SSS 182,656,443 19.77
GSIS 181,282,900 19.62
PHIC 117,073,700 12.67
PSALM 82,728,461 8.95
BSP 68,723,069 7.44
LBP 38,270,930 4.14
NFA 29,552,728 3.20
PDIC 25,693,180 2.78
HDMF 23,747,557 2.57
Water Districts 23,199,677 2.51
Sub-total 772,928,645 83.64
Other GCs 151,162,749 16.36
Total 924,091,394 100.00
Table I-6 shows the comparative composition of Expenses for CYs 2017 and 2016.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Personnel Services 89,833.10 85,158.22 4,674.87 5.49
Maintenance and Other
Operating Expenses 540,126.83 489,816.22 50,310.60 10.27
Financial Expenses 91,485.85 101,781.23 (10,295.38) (10.12)
Direct Costs 38,710.33 50,078.28 (11,367.95) (22.70)
Non-Cash Expenses 163,935.29 228,565.77 (64,630.49) (28.28)
Total 924,091.39 955,399.73 (31,308.34) (3.28)
Maintenance and Other Operating Expenses (MOOE) of P540.13 billion represents 58.45
percent or the largest share of the total expenses of P924.09 billion. The top four GCs that
reported the highest MOOE were as follows: SSS – P173.68 billion, Philippine Health
Insurance Corporation (PHIC) – P112.16 billion, GSIS – P98.71 billion, and PSALM –
P54.05 billion.
Members’ Benefits of P374.63 billion constituted 69.36 percent of the total MOOE. A total
of P374.51 billion or 99.94 percent of the total Members’ Benefits was shared by the
following GCs: SSS – P170.68 billion or 45.56 percent, PHIC – P110.49 billion or 29.49
percent, and GSIS – P93.34 billion or 24.91 percent.
9
Comprehensive Income – P287.82 billion
The CY 2017 total comprehensive income of P287.82 billion was P74.85 billion or 35.15
percent higher than the CY 2016 total comprehensive income of P212.97 billion. This was a
result of increase in Profit/(Loss) after Tax of P71.40 billion, decrease in net
assistance/subsidy of P15.13 billion, and increase in other comprehensive income of P18.58
billion.
For CY 2017, the Combined Statement of Changes in Net Assets/Equity showed a total net
assets/equity of P3.273 trillion, which was an increase of P301.83 billion or 10.16 percent
compared with CY 2016 of P2.971 trillion. Of the total net assets/equity of P3.273 trillion,
Retained Earnings/(Deficit) of P2.246 trillion or 68.63 percent contributed the biggest share,
followed by Members' Equity of P362.21 billion or 11.07 percent. Table I-7 shows the
comparison of CYs 2017 and 2016 Net Assets/Equity.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Government Equity 137,131.59 114,548.75 22,582.83 19.71
Revaluation Surplus 152,572.30 153,301.00 (728.70) (0.48)
Retained Earnings/(Deficit) 2,246,511.89 2,045,527.74 200,984.14 9.83
Stockholder’s Equity 350,016.94 321,700.89 28,316.05 8.80
Cumulative Translation
Adjustment (123.52) (44.07) (79.45) 180.25
Cumulative Changes in Fair
Value of Investments 24,983.62 18,065.59 6,918.04 38.29
Members’ Equity 362,210.01 318,372.76 43,837.25 13.77
Total 3,273,302.82 2,971,472.66 301,830.16 10.16
Cash Flows
The Statement of Cash Flows (SCFs) summarizes all the cash activities of the GCs. It
provides information on the cash receipts and cash payments during the year, classified as
operating, investing, and financing activities. Operating activities include cash generated
from revenues and costs incurred excluding those associated with long-term investments on
capital items or investment in securities. Investing activities include cash paid for acquiring
capital assets, and cash received from disposal of assets, investments in securities, as well as
the proceeds from the subsequent sale of investments in securities. Financing activities
include cash received from debt holders and principal repayments to creditors.
The combined SCFs of GCs for the year ended December 31, 2017 shows a net increase in
cash flows of P193.25 billion. In addition to this amount, the effects of exchange rate changes
on cash and cash equivalents of P25.13 billion, and cash and cash equivalents as at January 1,
10
2017 of P1.237 trillion, resulted in total cash and cash equivalents of P1.455 trillion as at
year-end. Thus, there was an increase of P218.38 billion or 17.65 percent from CY 2016
restated cash balance of P1.237 trillion, as shown in Table I-8 on Comparative Cash Flows,
by Activity.
Amount
Particulars 2016 Increase/ Percent
2017
(Restated) (Decrease)
Cash Flows from Operating Activities
Cash Inflows 1,830,622.69 1,692,199.47 138,423.22 8.18
Cash Outflows 1,478,250.62 1,435,468.27 42,782.36 2.98
Net Cash Provided by/(Used in)
Operating Activities 352,372.07 256,731.21 95,640.86 37.25
Cash Flows from Investing Activities
Cash Inflows 791,542.51 669,120.45 122,422.07 18.30
Cash Outflows 990,525.85 980,811.21 9,714.64 0.99
Net Cash Provided By/(Used In)
Investing Activities (198,983.34) (311,690.77) 112,707.43 (36.16)
Cash Flows from Financing Activities
Cash Inflows 1,146,035.80 1,223,873.81 (77,838.01) (6.36)
Cash Outflows 1,106,170.27 1,201,357.08 (95,186.82) (7.92)
Net Cash Provided By/(Used In)
Financing Activities 39,865.53 22,516.73 17,348.80 77.05
Net Increase/(decrease) in Cash 193,254.26 (32,442.83) 225,697.09 (695.68)
Effects of Exchange Rate Changes on
Cash and Cash Equivalents 25,126.03 160,416.75 (135,290.71) (84.34)
Cash and Cash Equivalents,
January 1, 2017 1,236,945.30 1,108,971.38 127,973.92 11.54
Cash and Cash Equivalents,
December 31, 2017 1,455,325.59 1,236,945.30 218,380.29 17.65
Preparation of the SCBAA is also required to ensure that public sector entities will discharge
their accountability obligations and enhance the transparency of their FSs by demonstrating
compliance with the approved budgets for which they are held publicly accountable.
11
Based on the combined CY 2017 SCBAA presented in Part II of this Report, the final
budgeted and actual receipts totaled P377.14 billion and P249.88 billion, respectively, while
final budgeted and actual payments amounted to P477.50 billion and P267.63 billion,
respectively.
12
PART II
COMBINED
FINANCIAL STATEMENTS
Republic of the Philippines
Government Corporations
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NOTE 2017 2016
(Restated)
ASSETS
Current Assets
Cash and Cash Equivalents 5 867,494,643 811,009,251
International Reserves 6 4,056,596,053 3,997,979,588
Financial Assets 7 1,004,147,464 933,221,538
Other Investments 8 71,762,248 69,634,192
Receivables 9 1,590,318,894 1,484,637,959
Inventories 10 67,011,524 58,268,712
Non-Current Assets Held for Sale 11 17,450,758 14,071,572
Other Current Assets 12 81,113,526 76,221,583
Total Current Assets 7,755,895,109 7,445,044,394
Non-Current Assets
Non-International Reserves Foreign Assets 13 91,737,574 87,859,512
Financial Assets 14 1,363,031,348 1,186,055,956
Investments in Joint Venture 15 8,391,411 8,968,615
Investments in Associates/Affiliates 16 18,862,289 18,989,113
Investments in Subsidiaries 17 241,813,351 238,984,480
Other Investments 18 130,861,270 133,916,143
Receivables 19 1,528,959,832 1,492,854,585
Investment Property 20 319,846,711 263,226,133
Property, Plant and Equipment 21 1,054,587,426 1,034,107,498
Biological Assets 22 107,328 102,568
Intangible Assets 23 3,791,611 3,663,060
Deferred Tax Assets 24 17,529,634 18,501,528
Other Non-Current Assets 25 104,620,395 89,572,868
Total Non-Current Assets 4,884,140,179 4,576,802,060
LIABILITIES
Current Liabilities
Financial Liabilities 26 682,890,113 686,358,185
Deposit Liabilities 27 2,332,474,522 2,480,515,365
Inter-Agency Payables 28 422,058,833 421,225,306
Intra-Agency Payables 29 308,035,828 385,004,558
Trust Liabilities 30 71,439,792 53,516,837
Deferred Credits/Unearned Income 31 33,441,587 19,329,191
Provisions 32 10,774,444 2,119,145
Other Payables 33 74,368,297 66,800,399
Total Current Liabilities 3,935,483,416 4,114,868,987
13
Republic of the Philippines
Government Corporations
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NOTE 2017 2016
(Restated)
Non-Current Liabilities
Financial Liabilities 34 869,396,796 908,673,823
Currency Issued 35 1,267,482,317 1,124,192,577
Deposit Liabilities 36 2,043,477,950 1,799,463,444
Inter-Agency Payables 37 446,215,932 447,858,277
Intra-Agency Payables 38 31,226 25,769
Trust Liabilities 39 47,824,453 43,735,086
Deferred Credits/Unearned Income 40 300,489,743 240,836,659
Provisions 41 34,058,880 29,872,322
Deferred Tax Liabilities 42 12,627,791 10,793,717
Other Payables 43 409,643,961 330,053,131
Total Non-Current Liabilities 5,431,249,049 4,935,504,804
EQUITY
14
Republic of the Philippines
Government Corporations
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
NOTE 2017 2016
(Restated)
Income
Expenses
15
Republic of the Philippines
Government Corporations
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Cumulative
Retained Cumulative
Government Revaluation Stockholders' Changes in Members'
Earnings/ Translation TOTAL
Equity Surplus Equity Fair Value of Equity
(Deficit) Adjustment
Investments
Note
BALANCE AT JANUARY 1, 2016 148,590,581 163,513,367 1,892,923,946 310,682,304 - 30,187,771 301,421,320 2,847,319,290
RESTATED BALANCE AT JANUARY 1, 2016 152,460,688 163,480,945 1,896,212,538 310,702,304 - 30,208,961 290,674,115 2,843,739,553
16
CHANGES IN EQUITY FOR 2016 (37,911,934) (10,179,943) 149,315,203 10,998,586 (44,075) (12,143,372) 27,698,645 127,733,109
Add/(Deduct):
Issuances of Share Capital - - 2,500 11,092,814 - - - 11,095,314
Additional Capital from National Government 1,666,922 - - - - - - 1,666,922
Members' Contribution - - (82,106) - - - 32,587,761 32,505,655
Surplus/(Deficit) for the period 25,863,706 - - - - - - 25,863,706
Net Income/(loss) for the year - - 199,066,035 - - - - 199,066,035
Other Comprehensive Income/(loss) for the year 229,979 - - (57,416) - - 172,563
Dividends (186,947) - (43,515,593) - - - 14,250,781 (29,451,758)
Changes in fair value of available-for-sale securities - - - - - (12,143,140) - (12,143,140)
Other Adjustments (65,255,616) (10,409,922) (6,155,633) (94,228) 13,341 (232) (19,139,897) (101,042,187)
BALANCE AT DECEMBER 31, 2016, AS RESTATED 44 114,548,754 153,301,003 2,045,527,741 321,700,890 (44,075) 18,065,589 318,372,760 2,971,472,662
CHANGES IN EQUITY FOR 2017 22,582,833 (728,702) 200,984,144 28,316,050 (79,447) 6,918,035 43,837,247 301,830,161
Add/(Deduct):
Issuances of Share Capital - - - 3,184,000 - - - 3,184,000
Additional Capital from National Government 4,408,885 - - 500,000 - - - 4,908,885
Members' Contribution - - (89,858) - - - 33,880,667 33,790,809
Surplus/(Deficit) for the period 45,914,235 - - - - - - 45,914,235
Republic of the Philippines
Government Corporations
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Cumulative
Retained Cumulative
Government Revaluation Stockholders' Changes in Members'
Earnings/ Translation TOTAL
Equity Surplus Equity Fair Value of Equity
(Deficit) Adjustment
Investments
Note
Net Income/(loss) for the year - - 235,203,076 - - - - 235,203,076
Other Comprehensive Income/(loss) for the year (74,872) - - (122,302) - - (197,173)
Dividends (2,190,413) - (50,936,096) - - - 22,301,678 (30,824,831)
Changes in fair value of available-for-sale securities - - - - - 6,917,993 - 6,917,993
Other Adjustments (25,549,873) (653,830) 16,807,023 24,632,050 42,855 42 (12,345,098) 2,933,169
BALANCE AT DECEMBER 31, 2017 44 137,131,586 152,572,301 2,246,511,886 350,016,941 (123,521) 24,983,625 362,210,007 3,273,302,824
18
Republic of the Philippines
Government Corporations
Combined Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 108,214,657 106,887,977 100,891,819 5,996,159
Assistance and Subsidy 172,135,477 172,137,242 72,125,060 100,012,183
Shares, Grants and Donations 15,403,491 12,636,625 25,531,964 (12,895,339)
Gains 326 1,199 1,108,220 (1,107,021)
Others 91,476,688 85,474,215 50,227,722 35,246,493
Total Receipts 387,230,639 377,137,259 249,884,784 127,252,475
PAYMENTS
Personnel Services 17,973,209 17,174,687 13,248,901 3,925,786
Maintenance and Other Operating
Expenses 147,653,008 148,708,270 98,337,204 50,371,066
Capital Outlay 156,503,071 156,945,169 42,497,531 114,447,638
Financial Expenses 69,965,916 69,723,267 66,181,936 3,541,331
Others 85,301,740 84,954,067 47,363,995 37,590,073
Total Payments 477,396,943 477,505,460 267,629,566 209,875,893
19
Republic of the Philippines
Government Corporations
Notes to Combined Financial Statements
For the Year Ended December 31, 2017
1. GENERAL INFORMATION
The AFR for Government Corporations (GCs) for CY 2017 presents the combined
financial statements (FSs) of the 604 GCs, composed of 127 regular GCs and 477
Water Districts (WDs). The combined FSs include the FSs of 575 GCs received by
the Government Accountancy Sector (GAS), COA on the cut-off date of submission
on July 31, 2018 and FSs of 28 GCs based on Annual Audit Reports (AARs)
published in the COA website.
Of the 604 GCs, 83 regular GCs and 477 WDs are classified as government business
enterprises (GBEs) while 44 regular GCs are classified as non-GBEs. Of the 44 non-
GBEs, only 42 GCs or 95.45 percent submitted the required Statement of Comparison
of Budget and Actual Amounts.
2. REPORTING FRAMEWORK
Commission on Audit (COA) Circular No. 2015-003 dated April 16, 2015 classifies
GCs and other entities/instrumentalities with corporate powers as GBEs or non-GBEs
for purposes of determining the financial reporting framework applicable thereto. The
same circular prescribes the mandatory adoption of the Philippine Financial Reporting
Standards (PFRS) by all GBEs and the Philippine Public Sector Accounting Standards
(PPSAS) by non-GBEs.
COA Circular Nos. 2015-010 and 2016-006 dated December 1, 2015 and December
29, 2016, respectively, prescribe the adoption by GCs of the Revised Chart of
Accounts (RCA), and provide for the guidelines on the conversion of accounts from
the Philippine Government Chart of Accounts (PGCA) under the New Government
Accounting System (NGAS) to the RCA effective January 1, 2016.
20
COA Circular No. 2017-004 dated December 13, 2017 prescribes the implementing
guidelines on the preparation of FSs and other financial reports in accordance with the
PFRS and PPSAS by GBEs and non-GBEs, respectively, requiring submission to
COA starting reporting period ending December 31, 2017.
In compliance with the above-mentioned COA Circulars, 589 GCs submitted FSs for
CY 2017 adopting the RCA. On the other hand, the Bangko Sentral ng Pilipinas
(BSP), the Development Bank of the Philippines (DBP), the Land Bank of the
Philippines (LBP), and the Philippine Postal Savings Bank, Incorporated (PPSBI)
submitted FSs with accounts aligned to the BSP Manual of Accounts, while the
remaining 11 GCs used the PGCA under the NGAS. For purposes of inclusion in this
Report, their accounts were converted to the appropriate RCA accounts.
The GCs adopted varied accounting standards, and measurement and disclosure
practices. Of the 127 regular GCs included in this Report, 72 adopted the PFRS, 34
adopted the PPSAS, 18 adopted the GAAP, and three adopted the NGAS, while most
of the 477 WDs adopted the PFRS. The list of regular GCs and the accounting
standards adopted are presented in Annex E of this Report.
3. BASIS OF COMBINATION
The FSs were first combined by Cluster of GCs, classified as GBEs and non-GBEs,
under the audit jurisdiction of the Corporate Government Sector per COA Resolution
2012-019 dated December 20, 2012 as follows: Cluster 1 – Banking and Credit;
Cluster 2 – Social Security Services and Housing; Cluster 3 – Public Utilities; Cluster
4 – Industrial and Area Development; Cluster 5 – Agricultural and Natural Resources;
and Cluster 6 – Social, Cultural, Trading, Promotional and Other Services. The
overall FSs is the combination of FSs of GCs combined by Cluster.
The FSs of BSP Parent include the accounts of the Bank and its subsidiary, the
Philippine International Convention Center, Incorporated (PICCI) while the FSs of
Metropolitan Waterworks and Sewerage System (MWSS) include those of its
corporate and regulatory offices. Likewise, the FSs of the Tourism Promotions Board
(TPB) include its Special Account in the General Fund, which was consolidated with
its Corporate Fund.
The specific accounting policies adopted by the GCs and the standards, amendments
and interpretations are discussed extensively in the Notes to FSs included in the
respective AARs on individual GCs, which can be accessed at the COA website
www.coa.gov.ph.
21
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
All amounts presented in this Report are expressed in Philippine peso, rounded off to
the nearest thousands (P000), unless stated otherwise. The difference between the
total amount and sum of components presented in the tables is due to rounding off.
Accrual basis of accounting means transactions and events are recognized in the
period in which they occur. All expenses are recognized and reported in the FSs in the
period to which they relate. Income is on accrual basis except for transactions where
accrual basis is impractical or when the law requires other methods.
Judgments, estimates and assumptions are continually evaluated and are based on
historical experience, consultation with experts, trend analyses and a number of other
factors, including expectations of future events that are deemed probable under the
circumstances. The effects of any change in estimates are reflected in the FSs as they
become reasonably determinable.
The GCs apply the prospective application in recognizing the effects of changes in
accounting estimates, as such, the changes are included in surplus/profit or
deficit/loss. On the other hand, the retrospective application is used to effect changes
in accounting policy, except when application is impractical, wherein the prospective
application is used.
22
4.6 Subsequent events
Any post year-end event that provides additional information about the GCs’ position
at the reporting date (adjusting event) is reflected in the FSs. Post year-end events that
are non-adjusting events, if any, are disclosed in the individual Notes to FSs, when
material.
Foreign currency transactions of the BSP are translated to Philippine pesos using
exchange rates applied on the value at settlement date of the transaction. For reporting
purposes, foreign currency assets and liabilities are translated to the local currency
equivalent using the weighted average exchange rate (WAER) at reporting date. Third
currency assets and liabilities are first converted to the US dollars, then translated to
local currency equivalent. The WAER at reporting date was used by BSP in
translating foreign currency denominated assets and liabilities, instead of the closing
rate as prescribed in paragraph 23 of PAS 21 – The Effects of Changes in Foreign
Exchange Rates, since the WAER is a more representative rate as it captures the
results of all transactions for the day in the Philippine Dealing System (PDS) rather
than at closing rate which is based on a single/last transaction.
In the case of LBP, the books of accounts of the regular banking units (RBUs) are
maintained in Philippine pesos, while those of the foreign currency deposit units
(FCDUs) are maintained in US dollars. For financial reporting purposes, the foreign
currency denominated monetary assets and liabilities in the RBUs are translated in
Philippine pesos based on the PDS closing rate at the statement of financial position
date. Foreign exchange differences arising from revaluation and translation of
foreign-currency denominated assets and liabilities are credited to or charged against
operations in the year in which the rates change. Non-monetary items that are
measured in terms of historical costs in a foreign currency are translated using the
exchange rates as at the dates of the initial transactions. Non-monetary items
measured at fair value in a foreign currency are translated using the exchange rates at
the date when the fair value was determined.
Cash includes cash on hand and cash in banks, which are composed of current
accounts and savings deposits, both in Philippine pesos and foreign currencies. Cash
equivalents are short-term and highly liquid investments with short maturities of three
23
months or less from date of acquisition, which are readily convertible to known
amounts of cash and subject to an insignificant risk of changes in value.
Cash and cash equivalents of the BSP include its highly liquid foreign currency
financial reserve assets and local currency financial assets that arise from its
management of the National Government (NG) account, other foreign and local
demand deposits with other financial institutions, revolving fund in the form of
receivables from accountable BSP employees and checks and other cash items. These
also include government short-term deposits, deposits of banks and other financial
institutions which are cash liabilities of BSP, hence, are deducted therefrom.
1) Cash;
2) An equity instrument of another entity;
3) A contractual right:
i. To receive cash or another financial asset from another entity; and
ii. To exchange financial assets or financial liabilities with another
entity under conditions that are potentially favorable to the entity;
or
4) A contract that will or maybe settled in the entity’s own equity
instruments.
Financial assets are recognized in the books of accounts when the entity becomes
a party to the contractual provisions of the instrument. A financial asset is
measured initially at its fair value plus, in the case of financial asset not measured
at fair value through surplus/profit or deficit/loss, transaction costs that are
directly attributable to the acquisition or issue of the financial asset.
24
c. Subsequent measurement
The fair value of financial instruments traded in active markets at reporting date is
based on their quoted market price or dealer price quotations (bid price for long
positions and ask price for short positions), without deduction for transaction
costs. When current bid or ask prices are not available, the price of the most recent
transaction provides evidence of the current fair value as long as there has not
been a significant change in economic circumstances since the time of the
transaction.
For all other financial instruments not traded in an active market, the fair value is
determined by using appropriate valuation techniques. Valuation techniques
include net present value techniques, comparison to similar instruments for which
observable market prices exist, and other relevant valuation models.
25
negative. Any gains or losses from changes in fair value of derivatives are taken
directly to surplus/profit or deficit/loss.
AFS investments are debt and equity securities which do not qualify to be
classified as held for trading, HTM or loans and receivables. They are purchased
and held indefinitely, which may be sold in response to liquidity requirements or
changes in market condition (changes in interest rates or equity prices). AFS
investments are carried at fair market value. The effective yield component
(including premium, discounts and directly attributable transaction cost) and
foreign exchange restatement results of AFS debt securities are reported in
earnings. Unrealized gains or losses on market valuation or change in fair value
are reported as separate component in the Statement of Comprehensive Income
(SCI).
Dividends on AFS equity instruments are recognized in the SCI when the entity’s
right to receive payment is established. The cumulative unrealized gains and
losses arising from the recognition of fair value changes on AFS are reported as
separate component of equity in the Statement of Financial Position (SFPos).
BSP’s AFS financial assets include gold and foreign and local investments
denominated in foreign currencies. Domestic securities held by BSP are also
classified as AFS, as they may be sold in response to the needs for liquidity in the
exercise of its functions.
AFS financial assets, except gold, are initially recognized at cost in US dollars and
subsequently carried at fair value. Gold is initially recognized at cost in US dollars
and translated to the local currency using the WAER at reporting date. Change in
price is calculated as the difference between the current market price against the
historical moving average price while change in exchange rate is the difference
between current exchange rate and historical moving average exchange rate.
26
carried at cost or amortized cost using the effective interest method less
impairment in value. Amortized cost is calculated by taking into account any
discount or premium on acquisition and fees or costs that are integral part of the
effective interest rate. Losses arising from impairment are recognized in the
surplus/profit or deficit/loss.
Social Security System’s (SSS) loans or receivables are deemed impaired when it
will probably not be possible to recover all the amounts due or equivalent value
according to the contractual terms of the loan agreement. Significant financial
difficulties of the debtor, probability that the debtor will enter bankruptcy, and
default or delinquency in payments are considered indicators that such loans and
receivables are impaired.
Premiums receivable from inactive members are provided with 100 percent
allowance for impairment because probability of collection is deemed unlikely.
27
For mortgage loans, the GSIS has adopted BSP Circular No. 789 (Appendix 9:
Guidelines in Setting up Allowance for Probable Losses) in recognizing the
impairment of past due accounts. The Circular provides a 12.50 percent allowance
for secured accounts where there is an imminent possibility of foreclosure or
acquisition of the collateral for failure of all collection efforts.
For non-member loans and receivables, GSIS maintains the allowance for
impairment at a level considered adequate to provide for potential uncollectible
receivables. Allowance for impairment is based on: 1) one hundred percent
allowance for accounts of companies/entities which are already declared insolvent
or bankrupt; and 2) aging of receivables, as follows: (a) more than 2 years up to 4
years – 25%, (b) more than 4 years up to 7 years – 50%, and more than 7 years for
accounts of companies/entities which are already considered insolvent or bankrupt
– 100%.
In estimating impairment losses for accounts due from reinsurers, the GSIS
applies one hundred percent allowance for reinsurance companies already
identified as non-operational; and based on age of receivables for operational
companies, the following percentages apply: (a) Two years and below – 0%, (b)
Over 2 years to 4 years – 25%, (c) Over 4 years to 7 years – 50%, and (d) Over 7
years – 100%.
Investment securities valued at amortized cost are held consistent within the
business model adopted, which is to hold the financial assets to collect the
contractual cash flows rather than to sell the instrument prior to its contractual
maturity to realize its fair value changes.
If there is objective evidence that an impairment loss on financial assets has been
incurred, the amount of the loss measured is the difference between the asset’s
28
carrying amount and the present value of the estimated future cash flows
discounted at the financial assets’ original effective interest rate. The carrying
value of the asset is reduced through the use of an allowance account, and the
amount of loss is recognized in the SCI.
j. Derecognition
a. the contractual rights to the cash flows from the financial asset expired or
are waived; and
b. the entity has transferred its contractual rights to receive the cash flows of
the financial assets, or retains the contractual rights to receive the cash
flows of the financial assets but assumes a contractual obligation to pay the
cash flows to one or more recipients in an arrangement that meets the
conditions set forth in PAS 39/PPSAS 29 – Financial Instruments:
Recognition and Measurement; and
c. either the entity has transferred substantially all the risks and rewards of
ownership of the financial asset; or has neither transferred nor retained
substantially all the risks and rewards of ownership of the financial asset,
but has transferred the control of the asset.
Investments with maturities of one year or less from date of SFPos are included in the
current assets, and those with maturities of more than 12 months after the SFPos date
are classified as non-current assets.
4.11 Receivables
Receivables are stated at face amounts less allowance for impairment. Allowance for
impairment is maintained at a level adequate to provide for potential receivables, the
collection of which is considered remote. The level of the allowance for impairment is
based on evaluation on past collection experience and other factors that may affect
collectability. Periodic evaluation of accounts is conducted to identify those requiring
sufficient level of allowance and determine proper level thereof.
4.12 Inventories
Inventories are initially recognized and measured at cost upon acquisition. Cost of
inventories comprises all cost of purchase, cost of conversion and other cost incurred
in bringing the inventories to their present location and condition. The cost of
29
purchase of inventories comprises the purchase price, import duties and other taxes,
transport, handling and other costs directly attributable to the acquisition of the
finished goods, materials and services. Trade discounts, rebates and other similar
items are deducted in determining the cost of purchase.
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 operations,
less the estimated costs of completion and the estimated costs necessary to make the
sale, exchange, or distribution.
A Joint Venture (JV) is a contractual arrangement whereby the GCs and other parties
undertake an economic activity that is subject to joint control. Some GCs enter into a
JV classified as jointly controlled asset arrangement. Under this classification, the
GCs recognize in their FSs their share in the jointly controlled asset, classified
according to the nature of the asset rather than as an investment. The GCs also
recognize their share of jointly incurred liabilities and expenses, and revenue from the
sale or use of their share of the output of the JV.
Some GCs enter into a JV classified as jointly controlled entity whereby their interest
in the JV is accounted under the equity method. Under this method, initial recognition
of the investment in JV is recognized at cost, and the carrying amount is increased or
decreased to recognize the GC’s share in the profit or loss of the JV after the date of
acquisition. The GC’s share in the JV’s profit or loss is recognized as surplus/profit or
deficit/loss in the SCI.
30
provided using the accrued liability method and computed based on units of
production and estimated proved reserves.
LBP’s investment in subsidiaries in which Parent has control are accounted for under
the cost method of accounting in the separate FSs. These are carried in the SFPos at
cost less any impairment loss.
DBP’s equity investments reflected in the Parent Bank’s separate FSs represent
investments in subsidiaries, associates and JVs, and are accounted for at cost method
in accordance with PAS 27. Under the cost method, income from investment is
recognized in the SCI only to the extent that the investor receives distributions from
accumulated net income of the investee arising subsequent to the date of acquisition.
Distribution received in excess of such profits are regarded as recovery of investment
and are recognized as reduction of the cost of investment.
Non-current assets are classified as held for sale if it is highly probable that their
carrying amount will be recovered primarily through a sale transaction rather than
through continuing use. For this to be the case, the asset must be available for
immediate sale in its present condition subject only to terms that are usual and
31
customary for sales of such assets and its sale must be highly probable. For the sale to
be highly probable the appropriate level of management must be committed to a plan
to sell the asset and an active program to locate a buyer and complete the plan must
have been initiated. Further, the asset must be actively marketed for sale at a price that
is reasonable in relation to its current fair value. In addition, the sale should be
expected to qualify for recognition as a completed sale within one year from the date
of classification.
Non-current assets held for sale are carried at the lower of their carrying amount and
fair value less costs to sell. Assets classified as held for sale are not subject to
depreciation or amortization. If an asset has been classified as held for sale but the
criteria for it to be recognized as held for sale are no longer satisfied, the GCs shall
cease to classify the asset as held for sale. Impairment loss is recognized for an initial
or subsequent write-down of the asset fair value less cost to sell. Gain on any
subsequent increase in fair value less cost to sell of an asset is recognized to the extent
of the cumulative impairment loss that has been recognized.
Non-current assets held for sale include foreclosed collateral of delinquent customers
that are intended for sale within one year from the date of classification as held for
sale.
SSS’ non-current assets held for sale include real and other property acquired (ROPA)
in settlement of contributions and members housing/other loan delinquencies through
foreclosure or “dacion en pago”. They are initially booked at the carrying amount of
the contribution/loan delinquency plus transaction costs incurred upon acquisition.
When the recognized amount of ROPA exceeds the appraised value of the acquired
property, an allowance for impairment loss equivalent to the excess of the amount
recognized over the appraised value is set up.
Subsequent to initial recognition, investment property are measured using the cost
model and are depreciated over their estimated useful lives. Investment property
are also tested for impairment and impairment losses are also recognized, when
32
appropriate. Impairment is a loss in the future economic benefits of an investment
property over and above the systematic recognition of the loss of the asset’s future
economic benefits through depreciation. After recognition of an impairment loss,
the depreciation charge of the investment property shall be adjusted in future
periods to allocate the asset’s revised carrying amount over its remaining useful
life.
b. Derecognition
Property, Plant and Equipment (PPE) are tangible items that 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.
GCs recognize an item of PPE in the books of accounts if it is probable that future
economic benefits or service potential associated with the item will flow to the
entity; the cost of the item can be measured reliably; and meets the capitalization
threshold of P15,000. PPE, except land, are stated at cost less accumulated
depreciation and impairment loss. Cost includes: purchase price, import duties and
non-refundable purchase taxes less trade discounts and rebates; expenditure that is
directly attributable to the acquisition of the item; 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.
Major repairs/renovations and improvements that will prolong the useful life of
the asset are capitalized and depreciated over the remaining or revised useful life
of the asset. All other repairs and maintenance are charged to the SCI during the
financial period in which they are incurred.
b. Depreciation
Depreciation, the systematic allocation of the depreciable amount of PPE over its
useful life, is calculated using the straight-line method, net of residual value over
33
its estimated useful life. Each part of an item of PPE with a cost that is significant
in relation to the total cost of the item is depreciated separately. Depreciation
starts when the PPE becomes available for use. The depreciation charge for each
period is recognized as expense, unless it is included in the cost of another asset.
c. Impairment
PPE are assessed at each reporting date to determine the existence of impairment,
which is recognized when the carrying amount is greater than the estimated
recoverable amount or recoverable service amount. Impairment is a loss in the
future economic benefits or service potential over and above the systematic
recognition of the loss of the PPE’s future economic benefits or service potential
through depreciation. After recognition of an impairment loss, the depreciation
charged of the PPE shall be adjusted in future periods to allocate the asset’s
revised carrying amount over its remaining useful life.
d. Derecognition
An item of PPE and/or any significant part of a PPE is derecognized upon disposal
or when no future economic benefits or service potential are expected from its
continued use. Any gain or loss arising from derecognition of the asset is included
in the SCI.
CIP is transferred to the appropriate PPE account when the construction or installation
and related activities necessary to prepare the PPE for its intended use have been
completed, and the asset is ready for service.
Intangible assets are recognized in the books of accounts if: the items are
identifiable and separable; the items are controlled by the entity; it is probable
that the expected future economic benefits or service potential that are associated
with the asset will flow to the entity; and the cost or fair value can be measured
reliably.
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expenditure is reflected in surplus/profit or deficit/loss in the period in which the
expenditure is incurred. No intangible asset arising from research (or from the
research phase of an internal project) is recognized. Expenditure on research is
recognized as expense when incurred.
An intangible asset arising from development (or from the development phase of
an internal project) shall be recognized if an entity can demonstrate all of the
following:
1) the technical feasibility of completing the intangible asset so that it will be
available for use or sale;
2) its intention to complete the intangible asset and use or sell it;
3) its ability to use or sell the intangible asset;
4) how the intangible asset will generate probable future economic benefits.
Among other things, the entity can demonstrate the existence of a market
for the output of the intangible asset or the intangible asset itself or, if it is
to be used internally, the usefulness of the intangible asset;
5) the availability of adequate technical, financial and other resources to
complete the development and to use or sell the intangible asset; and
6) its ability to measure reliably the expenditure attributable to the
development of the intangible asset.
Amortization begins when the intangible asset is available for use, i.e., when it is
in the location and condition necessary for it to be capable of operating in the
manner intended by management. Amortization ceases at the earlier of the date
that the asset is classified as held for sale (or included in a disposal group that is
classified as held for sale) and the date that the asset is derecognized.
An intangible asset is impaired when its carrying amount is greater than the
estimated recoverable amount.
GCs are required to review the useful lives of their intangible assets with
indefinite lives each year to determine whether events and circumstances
continue to support an indefinite useful life assessment for those assets. Change
in the useful life assessment from indefinite to finite shall be accounted for as a
change in accounting estimate.
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c. Derecognition
Deferred tax asset is recognized for the amount of income tax recoverable in future
periods with respect to deductible temporary differences, and the carry forward of
unused tax losses and unused tax credits to the extent that it is probable that future
taxable profit will be available against which the unused tax losses and unused tax
credits can be utilized.
At the end of each reporting period, GCs reassess unrecognized deferred tax assets.
The GCs recognize a previously unrecognized deferred tax asset to the extent that it
has become probable that future taxable profit will allow the deferred tax asset to be
recovered.
4.20 Prepayments
Prepayments represent expenses not yet incurred but already paid in cash.
Prepayments are initially recognized as assets and measured at cost. Subsequently,
these are charged to SCI as they are consumed in operations or as they expire with the
passage of time. Prepayments are classified in the SFPos as current assets if expected
to be incurred within one year, otherwise, prepayments are classified as non-current
assets.
The GCs financial liabilities include trade and other payables, bank overdrafts,
loans and borrowings, and financial guarantee contracts.
b. Subsequent measurement
36
1. Financial liabilities at fair value through surplus/profit or deficit/loss
include financial liabilities held for trading and financial liabilities
designated upon initial recognition at fair value through surplus/profit or
deficit/loss.
2. Financial liabilities are classified as held for trading if they are acquired
for the purpose of selling in the near term.
c. Derecognition
Financial assets and financial liabilities are offset and the net amount reported in
the combined SFPos if, and only if, there is a currently enforceable legal right to
offset the recognized amounts and there is an intention to settle on a net basis, or
to realize the assets and settle the liabilities simultaneously.
The fair value of financial instruments that are traded in active markets at each
reporting date is determined by reference to quoted market prices or dealer price
quotations (bid price for long positions and ask price for short positions), without
any deduction for transaction costs.
BSP’s financial liabilities are denominated in foreign and local currencies. Financial
liabilities denominated in foreign currencies comprise of short-term foreign currency
deposits of banks, the NG and other government entities, and short and long-term
borrowings of the BSP. These liabilities are initially recognized at cost and
subsequently converted at current value using WAER at reporting date. The
difference is recognized in the SFPos as unrealized gains or losses due to exchange
rates. Interest is accrued monthly and recognized in the SCI.
BSP’s financial liabilities denominated in local currency refer to deposits of the NG,
banks and other financial institutions. All banks and quasi-banks operating in the
37
country are required to maintain reserves against their deposit and/or deposit
substitutes liabilities. The reserve position of each bank or quasi-bank is calculated
daily on the basis of the amount of the institution’s reserves at the close of business
for the day and the amount of its liability accounts against which reserves are required
to be maintained. No interest was paid on the deposits of banks and other financial
institutions effective April 6, 2012, pursuant to Monetary Board Resolution No. 1924
dated December 27, 2011 and Circular No. 753 dated March 29, 2012. On the other
hand, the interest for the demand deposit accounts of the NG is accrued monthly and
credited quarterly, except for the Treasurer of the Philippines (TOP)-Special Account
No. 2 which is credited semi-annually to the TOP-Treasury Single Account (TSA).
a. Provisions
Provisions are reviewed at each reporting date, and adjusted to reflect the current
best estimate. If it is no longer probable that an outflow of resources embodying
economic benefits or service potential will be required to settle the obligation, the
provisions are reversed.
b. Contingent Liabilities
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c. Contingent Assets
A contingent asset is a possible asset that arises from past events and whose
existence will be confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the entity. In
compliance with the provisions of PAS 37/PPSAS 19 – Provisions, Contingent
Liabilities and Contingent Assets, contingent asset is not recognized but disclose
in the Notes to FSs.
4.23 Leases
A lease is an agreement whereby the lessor conveys to the lessee, in return for a
payment or series of payments, the right to use an asset for an agreed period of time.
Finance lease is a lease that transfers substantially all the risks and rewards incidental
to ownership of an asset. Title may or may not eventually be transferred. The lessees
recognized the asset and liability for the future lease payments, in the SFPos at an
amount equal to the fair value of the leased property or, if lower, the present value of
the minimum lease payments, at the inception of the lease, except for initial direct
costs of the lessee that are added to the amount recognized as an asset. Subsequent to
initial recognition, minimum lease payments are apportioned between finance charges
and reduction of the outstanding liability, so as to achieve a constant periodic rate of
interest on the remaining balance of the liability. An asset is depreciated over the asset
useful life. However, if there is no reasonable certainty that the lessee will obtain
ownership of the asset by the end of the lease term, the asset is depreciated over the
shorter of the lease term and the estimated useful life of the asset.
The lessor recognizes the asset lease payments receivable under a finance lease in the
SFPos at an amount equal to the net investment in the lease, and finance revenue is
recognized based on a pattern reflecting a constant periodic rate of return on the net
investment.
Operating lease is a lease that does not transfer substantially all the risks and rewards
incidental to ownership of the asset leased to the lessee. Operating lease payments are
recognized as operating expense in surplus/profit or deficit/loss on a straight-line
basis over the lease term. Initial direct costs incurred in negotiating an operating lease
are added to the carrying amount of the leased asset and recognized over the lease
term. Rent received from an operating lease is recognized as income on a straight-line
basis over the lease term. Contingent rents are recognized as revenue in the period in
which they are earned. The depreciation policies for PPE are applied to similar assets
leased by the entity.
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4.24 Deferred Tax Liabilities
Deferred tax liability is recognized for the amount of income tax payable in future
periods with respect to all taxable temporary differences.
Expenses are recognized when incurred and reported in the FSs in the period to which
they relate.
a. Taxes
Taxes and the related fines and penalties are recognized when collected or when
these are measurable and legally collectible. The related refunds, including those
that are measurable and legally collectible, are deducted from the recognized tax
revenue.
b. Service Fees
Fines and penalties, except those related to taxes, are recognized as income when
earned and when the asset recognition criteria are met.
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c. Grants and Donations
Grants and donations, including goods in kind, are initially measured at fair value
as at date of acquisition, which are ascertained by reference to quoted prices in an
active market, or by appraisal. An appraisal value of an asset is normally
undertaken by a member of the valuation profession who holds a recognized and
relevant professional qualification.
Goods in kind are recognized as assets when the goods are received, or 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. Liability is reduced and revenue is recognized when the
conditions are satisfied.
Interest income is accrued using the effective yield method. The effective yield
discounts estimated future cash receipts through the expected life of the financial
asset to that asset’s net carrying amount. The method applies this yield to the
outstanding principal to determine interest income in each period.
Royalties are recognized as they are earned in accordance with the terms of the
relevant agreement.
Dividend income is recognized at the time when the shareholder’s right to receive
the payment is established.
e. Rent Income
2016
2017
Particulars (Restated)
(in thousand pesos)
Cash on Hand 41,221,457 36,126,585
Cash in Bank-Local Currency 517,659,596 534,886,952
Cash in Bank-Foreign Currency 12,832,287 17,193,285
Treasury/Agency Cash Accounts 25,291 22,317
Cash Equivalents 295,756,012 222,780,114
Total 867,494,643 811,009,251
Cash on Hand of P41.22 billion was composed mostly of Local Currency on Hand
amounting to P36.66 billion or 88.93 percent. LBP recognized the highest amount of
Cash on Hand of P31.38 billion or 76.14 percent.
41
Cash in Bank-Local Currency of P517.66 billion was composed mostly of Due from
Bangko Sentral ng Pilipinas-Local Currency amounting to P380.42 billion or 73.49
percent, of which P305.34 billion or 80.26 percent was recognized by LBP to meet
reserve requirements and to serve as a clearing account for interbank claims consistent
with BSP guidelines.
6. INTERNATIONAL RESERVES
This group of accounts is used solely by the BSP and is composed of the following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Due from Foreign Banks-Demand and Time Deposits,
inclusive of accrued interest 831,774,931 898,322,684
Foreign Currency in Transit 233,179 258,108
Foreign Investments 2,709,449,115 2,649,214,488
Gold in Bullion Vaults 170,927,051 148,282,117
Gold with Foreign Financial Institutions 245,582,748 212,995,544
Accrued Interest Paid on Foreign Securities Purchased 9,859,596 9,933,686
Holdings of Special Drawing Rights 60,560,218 56,659,243
Loan to International Monetary Fund 2,687,565 3,943,509
Foreign Securities Purchased Under Agreement to Resell 25,521,651 18,370,207
Total 4,056,596,053 3,997,979,588
The total amount of Due From Foreign Banks of P831.77 billion represents demand
and time deposits of BSP with foreign depository banks amounting to P277.43 billion
and P553.04 billion, respectively, or a total of P830.46 billion plus accrued interest of
P1.31 billion.
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7. FINANCIAL ASSETS
2016
2017
Particulars (Restated)
(in thousand pesos)
Financial Assets at Fair Value Through Surplus/Profit or
Deficit/Loss 725,534,781 636,072,747
Financial Assets-Held to Maturity 195,912,630 194,890,388
Financial Assets-Available For Sale Securities 70,387,382 89,368,961
Allowance for Impairment (272,642) (272,642)
Net Value-Financial Assets-Available For Sale Securities 70,114,740 89,096,319
Financial Assets-Domestic Investments 330,429 78,892
Investment Securities at Amortized Cost 12,254,884 13,083,191
Total 1,004,147,464 933,221,538
Investment Securities at Amortized Cost of P12.25 billion was 100 percent reported
by the Philippine Deposit Insurance Corporation (PDIC) consisting of special savings
and time deposits, treasury bills, notes and bonds, while the total Financial Assets-
Domestic Investments of P330.43 million was 100 percent reported by PPSBI.
8. OTHER INVESTMENTS
2016
2017
Particulars (Restated)
(in thousand pesos)
Sinking Fund 12,602,592 5,256,008
Investments in Time Deposits 58,386,604 63,949,756
Other Investments 1,147,501 802,877
Accumulated Impairment Losses (374,449) (374,449)
Net Value-Other Investments 773,052 428,428
Total 71,762,248 69,634,192
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Total Investments in Time Deposits of P58.39 billion was divided into Local and
Foreign Currency amounting to P56.43 billion or 96.64 percent and P1.96 billion or
3.36 percent, respectively. The three GCs that reported the highest total Investments
in Time Deposits are Manila International Airport Authority (MIAA) – P11.49 billion
or 19.68 percent, GSIS – P9.10 billion or 15.59 percent, and Civil Aviation Authority
of the Philippines (CAAP) – P8.29 billion or 14.20 percent.
Sinking Fund was reported by the National Food Authority (NFA), PDIC, and WDs
amounting to P7.01 billion or 55.64 percent, P5.35 billion or 42.43 percent, and
P242.84 million or 1.93 percent, respectively. This represents funds being
accumulated to repay loans upon maturity.
9. RECEIVABLES
2016
2017
Particulars (Restated)
(in thousand pesos)
Loans and Receivable Accounts 1,228,437,648 1,040,450,263
Allowance for Impairment (120,801,633) (94,010,601)
Net Value-Loans and Receivable Accounts 1,107,636,014 946,439,662
Lease Receivables 38,130,933 35,861,612
Allowance for Impairment (624,384) (133,315)
Net Value-Lease Receivables 37,506,548 35,728,297
Inter-Agency Receivables 73,661,283 77,956,330
Intra-Agency Receivables 304,213,436 377,516,960
Other Receivables 73,178,243 56,324,120
Allowance for Impairment (5,876,630) (9,327,411)
Net Value-Other Receivables 67,301,612 46,996,709
Total 1,590,318,894 1,484,637,959
The net current portion of Receivables amounted to P1.590 trillion, of which Loans
and Receivable Accounts registered the highest composition of P1.108 trillion or
69.65 percent. Of this amount, Loans and Receivable-Others has aggregated to
P687.17 billion or 62.04 percent which pertains mostly to LBP’s loans to various
entities in the amount of P575.43 billion.
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10. INVENTORIES
2016
2017
Particulars (Restated)
(in thousand pesos)
Inventory Held for Sale 37,806,792 37,066,651
Allowance for Impairment (9,864) (54,750)
Net Value-Inventory Held for Sale 37,796,928 37,011,901
Inventory Held for Distribution 853,752 219,367
Inventory Held for Manufacturing 11,749,976 3,882,814
Allowance for Impairment (40,955) (67,064)
Net Value-Inventory Held for Manufacturing 11,709,021 3,815,750
Inventory Held for Consumption 10,366,672 12,451,018
Allowance for Impairment (21,183) (179,964)
Net Value-Inventory Held for Consumption 10,345,489 12,271,054
Semi-Expendable Machinery and Equipment 87,070 43,886
Semi-Expendable Furniture, Fixtures and Books 17,211 10,881
Domestic Gold and Silver Inventory 1,330,466 455,262
Plant Inventory 4,871,587 4,440,611
Total 67,011,524 58,268,712
Of the aggregate net amount of Inventories of P67.01 billion, Inventory Held for Sale
amounting to P37.80 billion or 56.40 percent belongs mostly to National Housing
Authority (NHA) in the amount of P33.27 billion or 88.01 percent which represents
the cost of developed lots, houses and buildings transferred from Work-in-Process
Inventory for disposition/sale.
Inventory Held for Manufacturing amounting to P11.71 billion or 17.47 percent of the
total Inventories includes mostly Work-in-Process Inventory of P10.69 billion or
91.31 percent. Of this amount, P9.83 billion or 91.96 percent pertains to NHA which
represents the cost of its ongoing projects.
2016
2017
Particulars (Restated)
(in thousand pesos)
Advances 666,679 679,294
Prepayments 59,512,994 55,921,640
Deposits 10,303,102 11,866,904
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2016
2017
Particulars (Restated)
(in thousand pesos)
Restricted Fund 1,860,738 1,917,460
Other Assets 8,770,014 5,836,285
Total 81,113,526 76,221,583
Prepayments of P59.51 billion or 73.37 percent registered the highest amount among
Other Current Assets of P81.11 billion. Input Tax of P33.95 billion representing 57.04
percent of the total Prepayments includes P32.83 billion reported by Power Sector
Assets and Liabilities Management Corporation (PSALM).
Deposits totaling P10.30 billion was mostly recognized also by PSALM at an amount
of P8.88 billion or 86.16 percent.
The non-current portion of this group of accounts, which falls under major account
group Investments, consists of the following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Financial Assets at Fair Value Through Surplus/Profit or
Deficit/Loss 1,298,812 1,024,447
Financial Assets-Held to Maturity 812,995,332 614,149,896
Accumulated Impairment Losses (369,852) (369,852)
Net Value-Financial Assets-Held to Maturity 812,625,480 613,780,044
Financial Assets-Available For Sale Securities 397,633,313 438,447,865
Accumulated Impairment Losses (2,739,966) (2,727,332)
Net Value Financial Assets-Available For Sale Securities 394,893,347 435,720,533
Financial Assets-Domestic Investments 601,498 531,232
Investment Securities at Amortized Cost 152,779,482 134,138,069
Financial Assets at Fair Value Through Other
Comprehensive Income 832,728 861,630
Total 1,363,031,348 1,186,055,956
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Net amount of Financial Assets-Held to Maturity of P812.63 billion included
Investments in Treasury Bills-Local and Foreign Currency amounting to P52.56
billion and P11.75 billion, respectively, where DBP got a share of 97.19 percent or
P51.09 billion from the local currency portion and 100 percent from the foreign
currency portion. The remaining amount pertained to Investments in Bonds-Local and
Foreign Currency amounting to P740.05 billion and P8.27 billion, respectively, where
LBP got a share of 41.63 percent or P308.06 billion from the local currency portion
and 98.01 percent or P8.10 billion from the foreign currency portion.
The gross amount of P8.40 billion with allowance for impairment loss of P4.23
million or a net of P8.39 billion was made up mostly of NHA’s equity on various
projects amounting to P5.34 billion or 63.57 percent. PNOC-EC also reported a
significant amount at P1.15 billion or 13.66 percent consisting of its oil, gas and coal
exploration projects either in partnerships with other oil companies or 100 percent
owned.
Of the total net amount of P18.86 billion, P18.25 billion or 96.77 percent pertained to
Bases Conversion and Development Authority (BCDA) which represents its
investments to various affiliates, as follows:
47
2017 2016
Affiliates
(in thousand pesos)
Fort Bonifacio Development Corporation 14,648,932 14,752,212
Clark Development Corporation 2,813,507 2,813,507
John Hay Management Corporation 383,814 383,814
BCDA Management and Holdings, Incorporated 280,000 280,000
Northluzon Railways Corporation 100,000 100,000
Poro Point Management Corporation (PPMC) 68,144 68,144
Bonifacio Communication Corporation 27,500 27,500
Philippine Japan Initiative for CGC, Inc. 23,512 4,309
Bonifacio Estate Services Corporation 4,333 4,333
Subic Clark Alliance For Development 2,083 2,083
Clark International Airport Corporation 1,250 1,250
Filinvest BCDA Clark, Inc. 450 450
Total 18,353,526 18,437,603
Allowance for Impairment (100,000) -
Net Amount 18,253,526 18,437,603
Of the net amount of P241.81 billion, among other GCs with investments in their
subsidiaries, PSALM recognized P218.21 billion or 90.24 percent representing the
cost or fair value of investments in National Transmission Corporation (TransCo).
Other GCs with Investments in Subsidiaries are as follows:
2017 2016
Name of GC
(in thousand pesos)
National Home Mortgage Finance Corporation (NHMFC) 14,379,145 13,379,145
Philippine National Oil Company 4,859,775 4,859,775
DBP 1,664,898 1,667,991
AFP Retirement and Separation Benefits System
(AFPRSBS) 1,375,458 1,380,201
Philippine Postal Corporation (PPC) 474,763 476,302
LBP 438,775 438,775
National Development Company (NDC) 402,315 441,988
Philippine Reclamation Authority 7,000 7,000
PNOC-EC - 625
Total 23,602,130 22,651,802
2016
2017
Particulars (Restated)
(in thousand pesos)
Sinking Fund 41,615,698 53,765,770
Investments in Time Deposits 10,840,047 4,587,196
Other Investments 80,971,377 78,117,482
Accumulated Impairment Losses (2,565,853) (2,554,305)
Net Value-Other Investments 78,405,525 75,563,177
Total 130,861,270 133,916,143
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Long-term Sinking Fund of P41.62 billion pertained mostly to PDIC amounting to
P39.88 billion or 95.83 percent which represents the balance of funds being
accumulated to repay its loans upon maturity, a portion of which is being managed by
the BSP-Treasury Department.
Investments in Time Deposits totaling P10.84 billion was divided into local and
foreign currency amounting to P3.24 billion or 29.88 percent and P7.60 billion or
70.12 percent, respectively, of which PNOC-EC recognized the highest amount of the
local currency portion at P1.73 billion or 53.50 percent while Subic Bay Metropolitan
Authority (SBMA) recognized P3.19 billion or 41.94 percent of the foreign currency
portion.
19. RECEIVABLES
2016
2017
Particulars (Restated)
(in thousand pesos)
Loans and Receivable Accounts 1,230,434,038 1,172,182,505
Allowance for Impairment (168,098,204) (185,585,750)
Net Value-Loans and Receivable Accounts 1,062,335,835 986,596,755
Lease Receivables 247,457,891 281,887,183
Allowance for Impairment (108,185) (107,017)
Net Value-Lease Receivables 247,349,706 281,780,166
Inter-Agency Receivables 186,077,116 191,194,115
Intra-Agency Receivables 30,629,080 29,961,286
Other Receivables 4,145,839 4,842,276
Allowance for Impairment (1,577,744) (1,520,013)
Net Value-Other Receivables 2,568,095 3,322,263
Total 1,528,959,832 1,492,854,585
Net Lease Receivables of P247.35 billion or 16.18 percent of the total Receivables
pertained to Finance Lease Receivables, of which PSALM reported 98.56 percent or
P243.78 billion.
49
20. INVESTMENT PROPERTY
2016
2017
Particulars (Restated)
(in thousand pesos)
Investment Property, Land 298,738,442 243,674,078
Accumulated Impairment Losses (6,073,950) (3,714,487)
Net Value-Investment Property, Land 292,664,492 239,959,591
Investment Property, Buildings 32,179,514 41,226,597
Accumulated Depreciation (2,600,187) (2,831,866)
Accumulated Impairment Losses (2,467,139) (15,188,243)
Net Value-Investment Property, Buildings 27,112,188 23,206,487
Construction in Progress-Investment Property, Buildings 70,031 60,055
Total 319,846,711 263,226,133
Of the net Investment Property, Land of P292.66 billion, BCDA got the biggest share
of P75.16 billion or 25.68 percent, while HDMF recognized a total of P17.03 billion
or 62.80 percent of the net Investment Property, Buildings. Of the P70.03 million
Investment Property, Buildings under construction, 71.27 percent or P49.91 million
pertained to PPMC’s construction in progress held in trust, which constitutes capital
expenditure projects for the construction of baywalk with events center which is
funded by BCDA.
Accumulated
Accumulated Carrying
Accounts Gross Amount Impairment
Depreciation Amount
Losses
(in thousand pesos)
Land 266,832,406 - 2,984,679 263,847,727
Land Improvements 68,433,502 26,230,112 172,794 42,030,596
Infrastructure Assets 387,756,541 185,331,256 47,353 202,377,932
Buildings and Other
Structures 168,319,605 97,511,762 649,378 70,158,465
Machinery and Equipment 80,120,595 49,631,217 109,254 30,380,125
Transportation Equipment 19,758,213 11,617,289 4,042 8,136,881
Furniture, Fixtures and
Books 16,017,491 9,175,444 79,943 6,762,104
Leased Assets 1,026,906 464,740 950 561,216
Leased Assets
Improvements 2,974,092 1,661,372 909 1,311,810
Heritage Assets 718,880 1,244 - 717,637
Service Concession Assets 387,221,056 144,769,248 - 242,451,808
Exploration and Evaluation
Assets 16,839,136 9,294,062 - 7,545,073
Bearer Trees, Plants and
Crops 86 - 7 79
Other Property, Plant and
Equipment 16,386,081 8,308,509 261 8,077,310
Construction in Progress 170,228,665 - - 170,228,665
Total 1,602,633,253 543,996,256 4,049,571 1,054,587,426
50
Of the net amount of CY 2017 PPE of P1.055 trillion, Land amounting to P263.85
billion represents the highest component at 25.02 percent, where Philippine Ports
Authority (PPA) reported the biggest amount of P60.49 billion or 22.92 percent.
Service Concession Assets also formed a large part at a net of P242.45 billion or
22.99 percent which represents mainly the cost of power supply system amounting to
P132.74 billion or 54.75 percent, as a result of service concession arrangements of
TransCo.
Construction in Progress has been recognized also with a large net amount at P170.23
billion or 16.14 percent, of which NIA represents 73.74 percent amounting to P125.53
billion, which pertained to its Infrastructure Assets under construction.
Compared to CY 2017, the balances of the PPE accounts for CY 2016 are as follows:
CY 2016
Accumulated
Gross Accumulated Carrying
Sub Major Group of Accounts Impairment
Amount Depreciation Amount
Losses
(in thousand pesos)
Land 262,800,621 - 2,869,608 259,931,013
Land Improvements 67,436,107 24,215,248 172,306 43,048,552
Infrastructure Assets 406,754,223 193,541,528 40,230 213,172,466
Buildings and Other Structures 166,292,888 87,718,473 640,824 77,933,590
Machinery and Equipment 76,685,223 47,040,084 108,527 29,536,611
Transportation Equipment 25,247,915 16,006,272 3,768 9,237,875
Furniture, Fixtures and Books 15,162,169 8,723,849 61,817 6,376,502
Leased Assets 1,009,325 421,225 950 587,150
Leased Assets Improvements 2,647,510 1,500,695 825 1,145,990
Heritage Assets 718,823 1,244 - 717,579
Service Concession Assets 337,237,839 123,500,879 - 213,736,960
Exploration and Evaluation Assets 16,795,240 8,294,350 - 8,500,890
Bearer Trees, Plants and Crops 86 - 6 80
Other Property, Plant and Equipment 11,878,380 8,249,906 261 3,628,213
Construction in Progress 166,554,028 - - 166,554,028
Total 1,557,220,375 519,213,754 3,899,123 1,034,107,498
51
22. BIOLOGICAL ASSETS
2016
2017
Particulars (Restated)
(in thousand pesos)
Bearer Biological Assets 101,440 96,585
Breeding Stocks 25 25
Livestock 101,252 96,397
Trees, Plants and Crops 4 4
Other Bearer Biological Assets 158 158
Consumable Biological Assets 5,888 5,983
Livestock Held for Consumption/
Sale/Distribution 40 92
Trees, Plants and Crops Held for
Consumption/Sale/Distribution 5,216 5,259
Other Consumable Biological Assets 633 633
Total 107,328 102,568
Net amount of P3.79 billion was divided into Intangible Assets and Development in
Progress. Intangible Assets with a gross amount of P9.25 billion, accumulated
amortization of P5.45 billion, allowance for impairment of P78.23 million or a net
amount of P3.72 billion was composed mainly of the Computer Software of various
GCs amounting to P2.24 billion, of which DBP’s share amounted to P463.32 million
or 20.64 percent.
Total Deferred Tax Assets amounted to P17.53 billion, of which BSP recognized in
its books of accounts the highest amount of P6.15 billion or 35.07 percent.
52
25. OTHER NON-CURRENT ASSETS
2016
2017
Particulars (Restated)
(in thousand pesos)
Prepayments 7,306,599 7,330,904
Deposits 2,946,248 2,032,065
Restricted Fund 40,499,804 31,478,411
Other Assets 53,867,744 48,731,487
Total 104,620,395 89,572,868
Of the total Restricted Fund of P40.50 billion, Philippine Retirement Authority (PRA)
reported P12.49 billion or 30.84 percent, pertaining to the required visa deposit from
retiree-members which are placed in time deposits with the DBP on a yearly basis.
Of the net amount of Other Non-Current Assets of P104.62 billion, Other Assets of
P53.87 billion or 51.49 percent was the highest component. Of this amount, P47.62
billion pertained to lumped amounts of Other Assets account of various GCs.
The current portion of the Financial Liabilities is composed of the following accounts:
2017 2016
Particulars (Restated)
(in thousand pesos)
Payables 268,573,448 248,064,381
Bills/Bonds/Loans Payable 85,355,307 110,076,352
Tax Refunds Payable 42,059 39,686
Financial Liabilities Designated
Fair Value through Surplus/
Profit or Deficit/Loss 3,523,790 6,379,327
Financial Liabilities Held for
Trading 102,945 198,376
Domestic Securities Sold Under
Repurchase Agreements 305,057,187 305,057,187
Unsecured Subordinated Debt 9,995,686 9,990,837
Other Financial Liabilities 10,239,691 6,552,038
Total 682,890,113 686,358,185
Of the total current portion of financial liabilities of P682.89 billion, BSP recognized
the highest amount of P313.32 billion or 45.88 percent. The account Domestic
Securities Sold under Repurchase Agreements of P305.06 billion, comprises 44.67
percent, the highest component of the total current financial liabilities. The payables
accounts consist of the following:
53
2016
2017
Particulars (Restated)
(in thousand pesos)
Accounts Payable 133,414,030 113,724,381
Due to Officers and Employees 4,603,369 3,713,113
Notes Payable 39,686,478 50,782,203
Interest Payable 11,129,598 12,195,369
Operating Lease Payable 228,897 162,567
Finance Lease Payable 109,575 147,983
Awards and Rewards Payable 184 125
Service Concession Arrangements Payable 37,324,462 32,217,353
Accrued Benefits Payable 40,862,357 33,756,626
Insurance/Reinsurance Premium Payable 1,214,497 1,364,661
Total 268,573,448 248,064,381
Of the total accounts payable, HDMF had the largest share of P32.46 billion or 24.33
percent, which includes amount due to members representing the total accumulated
value of payables that have reached their maturity at financial position date but have
not been withdrawn, as well as those that will mature in the succeeding year. This also
includes amount due to developers/borrowers representing the amount deducted from
members’ loan take out proceeds. It also consists of accrual for operating expenses
already incurred at year-end but have not yet paid.
Of the total Bill/Bonds/Loans Payable of P85.36 billion, the DBP got the highest in
the amount of P29.16 billion or 34.16 percent representing Other Bills/Bonds/Loans
Payable. PSALM shared a total amount of P24.72 billion or 28.96 percent, consisting
of Loans Payable – Domestic of P21.90 billion, Net Bonds Payable – Foreign of
P2.49 billion, and Net Bonds Payable – Domestic of P331.74 million.
The current portion of this group of liabilities, which accumulated this year a total of
P2.332 trillion, consists of the following accounts:
2016
2017
Particulars (Restated)
(in thousand pesos)
Foreign Currency Deposits 16,099,981 11,070,705
Demand Deposit 855,369,974 669,046,222
Demand Deposit-Others 115,052,829 111,089,598
Savings Deposit 820,013,847 780,051,821
Fixed-term Deposit 186,429,856 765,809,422
Time Certificates of Deposit 57,417,586 46,905,481
Special Deposit Account 282,090,449 96,542,117
Total 2,332,474,522 2,480,515,365
Of the total Deposit Liabilities of P2.332 trillion, LBP reported the highest amount
totaling P1.412 trillion or 60.55 percent pertaining to Demand Deposit of P709.51
54
billion, Savings Deposit of P645.77 billion, and Time Certificates of Deposit of
P57.11 billion. BSP reported a total of P599.67 billion or 25.71 percent consisting of
Special Deposit Account of P282.09 billion, Fixed-term Deposit of P186.43 billion,
Demand Deposit-Others of P115.05 billion, and Foreign Currency Deposits of P16.10
billion.
2016
2017
Particulars (Restated)
(in thousand pesos)
Inter-Agency Payables 361,576,986 364,524,002
Due to BSP/Other
Banks/Others 60,481,847 56,701,304
Total 422,058,833 421,225,306
2016
2017
Particulars (Restated)
(in thousand pesos)
Due to Operating Units 136,673,714 155,145,856
Due to Other Funds 3,282,794 7,000,399
Due to Central/Home/Head Office 149,661,516 186,812,450
Due to Regional/Branch Offices 18,417,804 36,045,853
Total 308,035,828 385,004,558
55
30. TRUST LIABILITIES
2016
2017
Particulars (Restated)
(in thousand pesos)
Trust Liabilities 17,453,596 14,164,975
Bail Bonds Payable 66,079 63,778
Guaranty/Security Deposits Payable 13,619,179 9,750,112
Customers' Deposits Payable 25,316,714 14,512,333
Margin Deposits 14,984,224 15,025,640
Total 71,439,792 53,516,837
Of the Trust Liabilities of P17.45 billion, PSALM shared P6.07 billion or 34.77
percent, while Margin Deposits of P14.98 billion was 100 percent reported by LBP.
2016
2017
Particulars (Restated)
(in thousand pesos)
Deferred Credits 21,585,039 13,040,016
Unearned Revenue/Income 11,856,548 6,289,175
Total 33,441,587 19,329,191
Of the Deferred Credits of P21.58 billion, PSALM reported a total of P10.88 billion
or 50.39 percent consisting of Output Tax of P8.28 billion and Deferred Finance
Lease Revenue of P2.60 billion.
32. PROVISIONS
2016
2017
Particulars (Restated)
(in thousand pesos)
Pension Benefits Payable 10,643 10,782
Leave Benefits Payable 1,593,465 1,334,575
Retirement Gratuity Payable 282,194 289,698
56
2016
2017
Particulars (Restated)
(in thousand pesos)
Other Provisions 8,888,142 484,089
Total 10,774,444 2,119,145
PSALM reported P8.40 billion or 94.55 percent of the total Other Provisions of P8.89
billion. This was recognized to reflect the Supreme Court’s Resolution dated
November 21, 2017 under G.R. No. 156208 filed by the National Power Corporation
(NPC) Drivers and Mechanics Association. As the Resolution ruled that “petitioners
who were neither rehired by the NPC or absorbed by PSALM Corporation or TransCo
pursuant to the 2003 reorganization and subsequently employed in the private sector
shall be entitled to full back wages”, PSALM accordingly recognized a provision for
the claims of said former NPC employees who were not rehired.
2016
2017
Particulars (Restated)
(in thousand pesos)
Treasurer/Cashier/Manager's Check 1,756,079 1,503,435
Payment Order Payable 57,674 99,692
Undistributed Collections 3,894,982 3,692,984
Unclaimed Balances 13,713 16,574
Liability for Letters of Credit 9,591,811 6,990,389
Outstanding Acceptances Executed by or for Account of
the Bank 107,943 579,817
Dividends Payable 12,271,135 7,704,333
Servicing Liabilities 31 5
Insured Deposit Claims Payable 181,300 294,072
Return Premiums Payable 260,860 264,580
No Claim Bonus Payable 97 94
Other Payables 46,232,673 45,654,425
Total 74,368,297 66,800,399
Of the total Dividends Payable of P12.27 billion, PDIC, Philippine Amusement and
Gaming Corporation (PAGCOR), and MIAA topped the GCs with balances of P2.84
billion or 23.18 percent, P2.59 billion or 21.13 percent, and P2.25 billion or 18.34
percent, respectively.
2016
2017
Particulars (Restated)
(in thousand pesos)
Payables 263,497,813 285,999,898
Bills/Bonds/Loans Payable 605,896,819 622,671,761
57
2016
2017
Particulars (Restated)
(in thousand pesos)
Other Financial Liabilities 2,164 2,164
Total 869,396,796 908,673,823
Of the total Payables of P263.50 billion, the amount of P198.88 billion or 75.48
percent pertained to Service Concession Arrangements Payable of PSALM to the
Independent Power Producer (IPP) proponent representing Capital Recovery Fees of
the Build-Operate-Transfer (BOT) power plants during the cooperation period
indicated in the BOT contracts. It also included fixed cost payable to BOT plants
under IPP Administrators Administration Agreement.
The NFA reported P70.57 billion or 35.28 percent of the total Loans Payable-
Domestic, which included ten-year notes/loans from different banks syndicated by
DBP and LBP dated November 28, 2011 and October 29, 2014 with due dates of
November 28, 2021 and of October 29, 2024, respectively.
PSALM reported P157.76 billion or 91.34 percent of the net Bonds Payable-Foreign,
while DBP reported P67.92 billion or 73.69 percent of the total Other
Bills/Bonds/Loans Payable.
Currency Issued of P1.267 trillion, composed of Philippine currency notes and coins
in circulation issued by BSP, was recognized at face value and fully guaranteed by the
government of the ROP in favor of the holder.
In accordance with Section 51 of Republic Act (R.A.) 7653, or the New Central Bank
Act, notes and coins issued by the BSP shall be liabilities of BSP and may be issued
only against, and in amounts not exceeding, the assets of the BSP. Said notes and
coins shall be a first and paramount lien on all assets of the BSP. Also, notes and
coins held in the BSP’s vaults are deducted from the total currency issued, and
accordingly, do not form part of the assets or liabilities of the BSP.
The non-current portion of Deposit Liabilities represents local and foreign currency
deposits of the clients of government banks. This consists of the following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Demand Deposit-Reserves 1,868,885,238 1,633,235,188
58
2016
2017
Particulars (Restated)
(in thousand pesos)
Demand Deposit-Others 29,748,382 29,839,786
Fixed-term Deposit 31,365,953 30,143,953
Time Certificates of Deposit 102,478,377 95,244,516
Long-term Negotiable Certificates of Deposit 11,000,000 11,000,000
Total 2,043,477,950 1,799,463,444
2016
2017
Particulars (Restated)
(in thousand pesos)
Due to NGAs 438,189,955 439,730,840
Due to Government Corporations 7,520,097 7,629,019
Due to LGUs 5,972 2,560
Due to Subsidiaries/Joint Venture/Associates/Affiliates 201,050 196,957
Due to Parent Corporations 298,858 298,902
Total 446,215,932 447,858,277
Of the account Due to NGAs of P438.19 billion, P413.15 billion or 94.29 percent was
reported by the Central Bank-Board of Liquidators (CB-BOL). Of the Due to
Government Corporations of P7.52 billion, the amount of P4.90 billion or 65.12
percent was reported by TransCo.
2016
2017
Particulars (Restated)
(in thousand pesos)
Due to Other Funds 821 2,800
Due to Central/Home/Head Office 30,405 22,969
Total 31,226 25,769
59
39. TRUST LIABILITIES
2016
2017
Particulars (Restated)
(in thousand pesos)
Trust Liabilities 41,221,126 37,880,972
Trust Liabilities-Disaster Risk Reduction and
Management Fund 1 1,950
Bail Bonds Payable 58,702 59,205
Guaranty/Security Deposits Payable 4,727,398 4,187,659
Customers' Deposits Payable 1,817,227 1,605,300
Total 47,824,453 43,735,086
Of the aggregate amount of Trust Liabilities of P47.82 billion, the four GCs with
highest amount are: Social Housing Finance Corporation (SHFC) – P15.00 billion or
31.37 percent; PRA – P12.46 billion or 26.05 percent; NPC – P5.59 billion or 11.68
percent; and HGC – P4.18 billion or 8.74 percent.
SHFC trust liabilities consisted of: NHMFC – P14.09 billion; Abot-Kaya Pabahay
Fund – P552.13 million; Department of the Interior and Local Government – P350.00
million; and Department of Social Welfare and Development – P10.36 million.
The non-current portion consists of Deferred Credits of P258.58 billion and Unearned
Revenue/Income of P41.91 billion. Deferred Service Concession Revenue of P152.14
billion represents 58.84 percent of the total Deferred Credits, of which TransCo
shared P139.21 billion or 91.50 percent.
41. PROVISIONS
2016
2017
Particulars (Restated)
(in thousand pesos)
Pension Benefits Payable 26,812 23,841
Leave Benefits Payable 2,710,516 2,548,138
Retirement Gratuity Payable 5,174,739 4,440,622
Other Provisions 26,146,813 22,859,721
Total 34,058,880 29,872,322
PHIC recognized P24.80 billion or 72.80 percent of the total Provisions of P34.06
billion. This pertained to a separate fund for the benefit claims reserve of the existing
lifetime members as stipulated in Section 17 of R.A. No. 10606.
60
42. DEFERRED TAX LIABILITIES
The aggregate of Deferred Tax Liabilities for CY 2017 was P12.63 billion with an
increase of P1.83 billion or 16.99 percent from CY 2016 of P10.79 billion. The top
five GCs which contributed substantial amount to this account are:
Amount
Name of Government Corporation Percent
(in thousand pesos)
Philippine National Construction Corporation 4,595,208 36.39
PNOC 2,754,435 21.81
NDC 2,521,500 19.97
HGC 722,364 5.72
PNOC-Alternative Fuels Corporation 695,544 5.51
2016
2017
Particulars (Restated)
(in thousand pesos)
Special Time Deposit - 40,000
Undistributed Collections 41,188 35,739
Unclaimed Balances 130,036 169,890
Dividends Payable 1,551,768 1,868,851
Other Payables 407,920,970 327,938,651
Total 409,643,961 330,053,131
Of the Other Payables of P407.92 billion, BSP had the biggest share of P383.54
billion or 94.02 percent.
2016
2017
Particulars ((Restated)
(in thousand pesos)
Government Equity 137,131,586 114,548,754
Accumulated Surplus/(Deficit) (20,169,082) (51,645,673)
Government Equity 49,915,560 62,134,219
Contributed Capital 107,385,108 104,060,208
Revaluation Surplus 152,572,301 153,301,003
Retained Earnings/(Deficit) 2,246,511,886 2,045,527,741
Stockholders' Equity 350,016,941 321,700,890
Share Capital 318,594,720 290,778,672
Share Premium 1,255,832 1,255,832
Subscribed Share Capital 23,466,830 22,966,828
Treasury Shares (18,130) (18,130)
Other Equity Instruments 6,717,689 6,717,689
Cumulative Translation Adjustment (123,521) (44,075)
Cumulative Changes in Fair Value 24,983,625 18,065,589
Members’ Equity 362,210,007 318,372,760
Total 3,273,302,824 2,971,472,662
61
The total Government Equity of P137.13 billion is composed of the Accumulated
Surplus/(Deficit) of negative P20.17 billion, Government Equity of P49.92 billion,
and Contributed Capital of P107.38 billion. CY 2017 Accumulated Surplus/(Deficit)
of GCs classified as Non-GBEs resulted in a negative balance due to the loss in the
operations of some GCs especially CB-BOL, being an institution under liquidation,
has continued to incur deficit amounting to P413.12 billion. NFA also incurred a huge
amount at P151.77 billion deficit. The deficit was reduced by GCs with large amount
of Accumulated Surplus namely; NIA, TransCo, and NHA amounting to P225.67
billion, P152.08 billion, and P106.03 billion, respectively.
Of the Contributed Capital of P107.39 billion, CAAP and SBMA recognized the
largest amounts of P36.51 billion or 34 percent and P19.99 billion or 18.61 percent,
respectively.
Based on the total Stockholders’ Equity of P350.02 billion, Share Capital formed the
largest part at P318.59 billion or 91.02 percent, of which BCDA reported the highest
amount of P100 billion or 31.39 percent. BSP and CAAP reported the same amount of
Share Capital at P50 billion or 15.69 percent.
Total Members’ Equity of P362.21 billion represents mainly HDMF’s equity of the
members as owners of Pag-IBIG Fund amounting to P361.44 billion or 99.79 percent,
corresponding to members’ contributions, employers’ counterpart for employed
members and the accumulated dividends. The remaining amount of P773.93 million
or 0.21 percent was reported by SSS pertaining to the contributions of Flexi Fund and
PESO Fund members which earn interest based on guarantee rates.
The Tax Revenue of P2.85 billion was recognized solely in the books of accounts of
Tourism Infrastructure and Enterprise Zone Authority (TIEZA) which represents the
travel taxes collected, net of shares of other government agencies pursuant to Section
72 of R.A. 9593.
62
46. SERVICE AND BUSINESS INCOME
The total Service and Business Income of P923.99 billion is broken down as follows:
2016
2017
Particulars (Restated)
(in thousand pesos)
Service Income 22,509,326 23,825,289
Business Income 901,480,549 837,287,476
Total 923,989,875 861,112,765
Members’ Contribution recognized in the books of accounts of SSS, GSIS and PHIC
of P158.36 billion, P101.81 billion and P57.26 billion, respectively, or a total of
P317.43 billion or 35.21 percent is the biggest part of the total Business Income of
P901.48 billion. This was followed by Interest Income of P253.79 billion or 28.15
percent, of which P58.27 billion or 22.96 percent was earned by BSP.
Of the Income from Gaming Operations of P65.13 billion or 7.22 percent, P57.34
billion or 88.04 percent was earned by PAGCOR.
The top three sources of Service Income were: a) Supervision and Regulation
Enforcement Fees of P5.20 billion or 23.09 percent, of which BSP recognized P4.50
billion or 86.64 percent; b) Fees and Commissions Income of P4.52 billion or 20.08
percent, of which LBP reported P1.78 billion or 39.38 percent; and c) Other Service
Income of P3.30 billion or 14.67 percent, of which Philippine Charity Sweepstakes
Office reported P779.47 million or 23.61 percent.
2016
2017
Particulars (Restated)
(in thousand pesos)
Shares 20,070,659 20,145,444
Grants and Donations 365,253 196,422
Total 20,435,913 20,341,866
Share in Universal Charge of P19.77 billion represents 98.48 percent of the total
Shares of P20.07 billion. This account is used to recognize the share of PSALM and
NPC on the Universal Charge being collected by distribution utilities from all power
customers. PSALM and NPC reported P11.10 billion or 56.17 percent and P8.66
billion or 43.83 percent, respectively.
63
48. GAINS
2016
2017
Particulars (Restated)
(in thousand pesos)
Gain on Foreign Exchange 24,206,987 40,437,821
Gain on Sale/Redemption/Transfer of investments 8,992,267 11,829,906
Gain on Sale of Investment Property 4,762,987 4,155,945
Gain on Sale of Property, Plant and Equipment 3,881,396 2,318,139
Gain on Sale of Biological Assets 1,398 -
Gain from Changes in Fair Value Less Cost to Sell of
Biological Assets Due to Physical Change 1 37
Gain on Sale of Agricultural Produce 998 133
Gain from Changes in Fair Value of Financial Instruments 99,655,318 122,199,893
Gain from Changes in Fair Value of Investment Property 21,095,792 11,819,727
Other Gains 1,640,075 1,464,630
Total 164,237,220 194,226,231
The bulk amount of Gain from Changes in Fair Value of Financial Instruments was
recognized in the books of accounts of GSIS at P97.92 billion or 98.26 percent.
SSS reported P9.63 billion or 45.64 percent of total Gain from Changes in Fair Value
of Investment Property resulting from continuous developments and economic growth
in the country’s central business districts and the rising demand for space in the areas
where SSS property are located, while BSP recognized P15.48 billion or 63.94
percent of total Gain on Foreign Exchange.
2016
2017
Particulars (Restated)
(in thousand pesos)
Sale of Assets 21,047 17,395
Reversal of Impairment Loss 4,316,590 10,655,111
Miscellaneous Income 24,744,423 7,426,236
Total 29,082,060 18,098,742
Of the total Miscellaneous Income of P24.74 billion, the amount of P18.21 billion was
substantially recognized by BSP and BCDA at P12.59 billion or 50.87 percent and
P5.62 billion or 22.71 percent, respectively.
The BCDA’s miscellaneous income includes P5.40 billion received from Bonifacio
Global (BG) North Properties Incorporated, BG South Properties Incorporated, and
64
BG West Properties Incorporated, arising from the Business Resolution Agreement
for the sale of several parcels of land referred to as the “North Central Business
District Lots and the City Center Lots” located in BG City.
2016
2017
Particulars (Restated)
(in thousand pesos)
Salaries and Wages 52,269,373 47,584,621
Other Compensation 19,070,903 20,070,028
Personnel Benefit Contributions 11,762,119 11,454,545
Other Personnel Benefits 6,730,703 6,049,031
Total 89,833,099 85,158,225
` The three GCs that incurred the biggest PS were: BSP – P13.44 billion or 14.96
percent; LBP – P11.27 billion or 12.55 percent; and WDs – P8.31 billion or 9.25
percent.
Of the total Salaries and Wages of P52.27 billion or 58.18 percent of the total PS,
P50.32 billion or 96.27 percent was paid for the services rendered by regular
government employees, of which P11.27 billion or 22.40 percent and P9.40 billion or
18.69 percent was recognized by LBP and BSP, respectively.
The Other Compensation of P19.07 billion represents 21.23 percent of the total PS,
which was mostly spent for Other Bonuses and Allowances of P8.74 billion or 45.81
percent. The HDMF with P1.41 billion or 16.14 percent, PAGCOR with P1.32 billion
or 15.16 percent, and PHIC with P1.10 billion or 12.58 percent were the top GCs that
reported Other Bonuses and Allowances.
Of the total balance of Other Personnel Benefits of P6.73 billion, P1.86 billion or
27.65 percent was reported by PAGCOR representing mainly of Retirement Gratuity
of P1.20 billion, and Other Personnel Benefits of P641.11 million.
65
51. MAINTENANCE AND OTHER OPERATING EXPENSES
2016
2017
Particulars (Restated)
(in thousand pesos)
Traveling Expenses 1,791,029 1,621,780
Training and Scholarship Expenses 1,040,819 927,840
Supplies and Materials Expenses 31,512,759 27,510,134
Utility Expenses 9,210,209 8,815,184
Communication Expenses 1,620,126 1,493,308
Awards/Rewards, Prizes and Indemnities 129,074 74,610
Survey, Research, Exploration and Development Expenses 109,602 129,623
Demolition/Relocation and Desilting/Drilling/Dredging
Expenses 275,892 330,441
Generation, Transmission and Distribution Expenses 24,203,209 22,466,630
Confidential, Intelligence and Extraordinary Expenses 6,835,330 6,375,555
Professional Services 4,943,504 4,447,101
General Services 7,469,319 7,305,815
Repairs and Maintenance 7,015,008 7,410,631
Taxes, Insurance Premiums and Other Fees 18,283,563 16,609,438
Labor and Wages 1,376,593 1,095,312
Members' Benefits 374,631,153 321,848,184
Receivership and Liquidation Expenses 253,763 258,137
Other Maintenance and Operating Expenses 49,425,874 61,096,501
Total 540,126,826 489,816,222
The significant amounts in this group of accounts were mostly incurred in Members’
Benefits, Other Maintenance and Operating Expenses, Supplies and Materials
Expenses, and Generation, Transmission and Distribution Expenses.
The Members’ Benefits of P374.63 billion was mostly recognized by SSS, PHIC, and
GSIS at P170.68 billion or 45.56 percent, P110.49 billion or 29.49 percent, and 93.34
billion or 24.91 percent, respectively, or a total amount of P374.51 billion or 99.97
percent. This account is used to recognize amounts of benefits given to members and
their beneficiaries, which include hospitalization, medicines, injury, disability, death,
and pension and retirement benefits.
The Other MOOE of P49.43 billion was 9.15 percent of the total MOOE, of which
BSP and PSALM reported P9.25 billion or 18.72 percent and P8.97 billion or 18.14
percent, respectively.
Of the total amount of Supplies and Materials Expenses of P31.51 billion, P23.76
billion or 75.41 percent pertained to Fuel, Oil and Lubricants Expenses, of which
PSALM reported P22.95 billion or 96.59 percent representing the natural gas and
diesel for the operations of plants under the IPP and Administrators Administration
Agreement and fuel incurred in the operation of the Malaya Thermal Power Plant.
The P21.43 billion or 88.54 percent of the total amount of Generation, Transmission
and Distribution Expenses of P24.20 billion recognized in the books of accounts of
PSALM pertains to the expenses associated with the generation of power of the
remaining plants.
66
52. FINANCIAL EXPENSES
2016
2017
Particulars (Restated)
(in thousand pesos)
Management Supervision/Trusteeship Fees 455,439 392,564
Interest Expenses 84,839,952 95,503,742
Guarantee Fees 3,673,560 636,752
Bank Charges 42,061 62,219
Commitment Fees 329 116
Other Financial Charges 2,474,508 5,185,840
Total 91,485,849 101,781,233
Of the total amount of Financial Expenses of P91.49 billion, P84.84 billion or 92.74
percent were Interest Expenses, of which BSP reported P35.50 billion or 41.85
percent it has incurred on its foreign and local currency financial liabilities of P2.65
billion and P32.86 billion, respectively. The other GCs that reported big amounts of
Interest Expenses were: PSALM, LBP, and DBP at P17.97 billion or 21.18 percent,
P9.82 billion or 11.58 percent, and P7.43 billion or 8.76 percent, respectively.
Of the total amount of Direct Costs of P38.71 billion, P28.17 billion or 72.76 percent
was the Cost of Sales recognized by NFA and Duty Free Philippines Corporation
(DFPC) of P19.39 billion or 50.08 percent, and P8.78 billion or 22.68 percent,
respectively. DFPC’s Cost of Sales was composed of direct merchandise including
consignment of P477.07 million and concession of P8.30 billion.
2016
2017
Particulars (Restated)
(in thousand pesos)
Depreciation 30,200,689 30,500,879
Amortization 652,407 585,901
Impairment Loss 17,410,934 28,775,364
Losses 115,593,523 168,562,363
Discounts and Rebates 77,736 141,266
Total 163,935,288 228,565,773
The total Non-Cash Expenses of P163.93 billion was mostly incurred by: GSIS at
P78.70 billion or 48.01 percent; PDIC at P19.38 billion or 11.82 percent; and HDMF
at P14.07 billion or 8.59 percent, totaling P112.15 billion or 68.42 percent.
Of the Losses of P115.59 billion, P78.07 billion or 67.54 percent was reported by
GSIS, composed mainly of Loss from Changes in Fair Value of Financial Instruments
of P66.17 billion or 84.75 percent.
67
The top three components of Depreciation Expenses of P30.20 billion were
depreciation on: a) Service Concession Assets of P7.67 billion or 25.39 percent, of
which TransCo reported P4.30 billion or 56.08 percent; b) Infrastructure Assets of
P7.18 billion or 23.79 percent, of which CAAP reported P1.84 billion or 25.59
percent; and c) Other PPE of P4.63 billion or 15.34 percent, of which MIAA reported
P1.39 billion or 30.02 percent.
Most of the Income Tax Expenses of P13.19 billion was reported by the following
GCs:
Amounts Percent to
Name of GC
(in thousand pesos) Total
PPA 2,171,896 16.47
MIAA 1,710,561 12.97
DBP 1,403,030 10.64
BSP 1,140,562 8.65
NDC 966,292 7.33
PNOC-EC 906,426 6.87
Food Terminal
Incorporated (FTI) 892,201 6.76
PSALM 730,323 5.54
Philippine Economic
Zone Authority (PEZA) 585,711 4.44
NPC 520,277 3.94
Sub-total 11,027,279 83.61
Other GCs 2,162,884 16.39
Total 13,190,163 100.00
2016
2017
Particulars (Restated)
(in thousand pesos)
Assistance and Subsidy 129,559,719 135,601,923
Subsidy from National Government 125,013,152 131,323,471
Subsidy from Other National Government
Agencies 692,287 567,259
Assistance from Local Government Units 2,337,646 2,386,502
Subsidy from Other Funds 1,488,146 1,300,384
Subsidy from Regional Office/Staff Bureau 28,487 24,306
Less: Financial Assistance/Subsidy/Contribution 51,758,369 42,666,410
Financial Assistance to NGAs 39,709,479 34,730,033
Financial Assistance to Local Government Units 989,025 914,355
Financial Assistance to NGOs/POs 52,112 100,483
Subsidy to Operating Units 1,355,590 1,162,827
Subsidy to Other Funds 124 42
Financial Assistance to Government
Corporations 80,752 75,490
Contribution to AFP Modernization 4,155,112 1,397,960
Financial Assistance/Subsidy/Contribution-
Others 5,416,174 4,285,219
Net Assistance/Subsidy 77,801,350 92,935,512
68
Of the Subsidy from NG of P125.01 billion, PHIC, NIA, and NHA received P46.99
billion or 37.59 percent; P31.69 billion or 25.35 percent; and P19.56 billion or 15.64
percent, respectively. Of the Financial Assistance to NGAs of P39.71 billion, P37.82
billion or 95.25 percent was reported by PAGCOR.
The combined Comprehensive Income for CY 2017 of P287.82 billion is net of total
Comprehensive Income of P308.14 billion and total Comprehensive Loss of P20.31
billion. Among the GCs, GSIS registered as top earner with Comprehensive Income
of P94.71 billion or 30.74 percent of the total Comprehensive Income. The four GCs
which incurred the biggest Comprehensive Loss were as follows: PHIC – P4.75
billion or 23.39 percent; NFA – P4.65 billion or 22.87 percent; PSALM – P4.27
billion or 21.02 percent; and LRTA – P2.71 billion or 13.33 percent.
The cash inflows from operating activities of P1.831 trillion were sourced from the
following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Proceeds from Sale of Goods and Services 24,928,079 21,856,523
Collection of Income/Revenue 837,438,493 776,618,090
Receipt of Assistance/Subsidy 122,660,432 106,189,753
Collection of Receivables 371,219,862 354,706,495
Receipt of Inter-Agency Fund Transfers 14,310,774 14,444,334
Receipt of Intra-Agency Fund Transfers 27,936,386 40,858,331
Trust Receipts 32,736,648 25,639,688
Other Receipts 397,214,203 347,711,126
Total Cash Inflows 1,828,444,877 1,688,024,339
Adjustments 2,177,813 4,175,134
Adjusted Cash Inflows 1,830,622,690 1,692,199,474
69
Of the Other Receipts of P397.21 billion, P203.20 billion or 51.16 percent was
reported by LBP. Of the total amount of collection of receivables of P371.22 billion,
P211.91 billion or 57.09 percent pertained to the collection of loans and receivables
by DBP.
The cash outflows from operating activities of P1.478 trillion were used for the
following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Payment of Expenses 355,853,551 356,404,640
Purchase of Inventories 14,163,411 15,461,056
Grant of Cash Advances 2,958,400 3,236,480
Prepayments 21,420,763 19,124,926
Refund of Deposits 3,780,971 4,883,207
Payments of Accounts Payable 151,922,920 141,966,974
Remittance of Personnel Benefit Contributions and
Mandatory Deductions 41,773,301 39,977,364
Grant of Financial Assistance/Subsidy/Contribution 41,840,381 39,083,443
Release of Inter-Agency Fund Transfers 6,202,531 9,018,468
Release of Intra-Agency Fund Transfers 32,842,333 40,460,363
Release of Loans (Financial Institutions) 323,013,751 308,176,600
Other Disbursements 481,023,472 456,405,241
Total Cash Outflows 1,476,795,787 1,434,198,761
Adjustments 1,454,838 1,269,505
Adjusted Cash Outflows 1,478,250,625 1,435,468,266
Of the Payment of Expenses of P355.85 billion or 24.07 percent of the total cash
adjusted outflows from operating activities, PHIC recognized P100.40 billion
payment of MOOE and P40.81 billion payment of PS.
The cash inflows from investing activities are composed of the following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Proceeds from Sale/ Disposal of Investment Property 1,175,460 1,221,022
Proceeds from Sale/Disposal of Property, Plant and
Equipment 2,993,249 1,375,357
Sale of Investments 237,911,424 122,281,753
70
2016
2017
Particulars (Restated)
(in thousand pesos)
Receipt of Interest Earned 48,887,796 44,790,478
Receipt of Cash Dividends 6,163,529 6,998,543
Proceeds from Matured Investments/Redemption of
Long-term Investments/Return on Investments 341,807,904 351,429,528
Collection of Long-Term Loans 127,062,365 116,470,691
Proceeds from Sale of Other Assets 14,526 207,886
Total Cash Inflows 766,016,252 644,775,257
Adjustments 25,526,262 24,345,189
Adjusted Cash Inflows 791,542,514 669,120,446
Of the total collection of long-term loans of P127.06 billion, GSIS reported P126.81
billion or 99.80 percent.
The cash outflows from investing activities of P990.53 billion was utilized for the
following:
2016
2017
Particulars (Restated)
(in thousand pesos)
Purchase/Construction of Investment Property 344,479 800,457
Purchase/Construction of Property, Plant and Equipment 55,256,535 70,917,562
Purchase/Acquisition of Investments 799,299,696 752,072,278
Purchase of Bearer/Consumable Biological Assets 21,584 156,217
Purchase of Intangible Assets 237,234 335,377
Grant of Loans 132,960,966 143,021,106
Total Cash Outflows 988,120,495 967,302,997
Adjustments 2,405,359 13,508,215
Adjusted Cash Outflows 990,525,854 980,811,212
Of the Grant of Loans of P132.96 billion, GSIS reported P132.40 billion or 99.58
percent.
71
63. CASH INFLOWS FROM FINANCING ACTIVITIES
2016
2017
Particulars (Restated)
(in thousand pesos)
Proceeds from Incurrence of Financial Liabilities 907,305,920 954,431,958
Proceeds from Issuance of Bonds and Acceptances Payable 201,735 464,199
Proceeds from Domestic and Foreign Loans 189,430,245 179,644,249
Equity/Contribution from National Government 45,476,745 73,612,381
Proceeds from Issuance of Capital Stock and other
Equity Securities 3,475,890 11,907,444
Total Cash Inflows 1,145,890,534 1,220,060,231
Adjustments 145,266 3,813,581
Adjusted Cash Inflows 1,146,035,800 1,223,873,812
2016
2017
Particulars (Restated)
(in thousand pesos)
Payment of Long-Term Liabilities 1,007,413,801 1,080,945,976
Redemption of Bonds Issued and Unsecured Subordinated
Debt/Payment of Acceptances Payable 21,524,005 38,959,418
Payment for Reacquisition of Capital Stock and Other
Equity Securities 11,175,723 17,907,575
Payment of Interest on Loans and Other Financial Charges 24,941,412 27,936,630
Payment of Cash Dividends/Share of NG to GOCCs Income 26,308,794 27,558,723
Total Cash Outflows 1,091,363,734 1,193,308,322
Adjustments 14,806,531 8,048,758
Adjusted Cash Outflows 1,106,170,266 1,201,357,081
72
65. EFFECTS OF EXCHANGE RATE CHANGES ON CASH
AND CASH EQUIVALENTS
The net Gain on Foreign Exchange of P25.13 billion resulted from the conversion of
foreign currencies to local currency during the year, thereby increasing the balance of
cash and cash equivalents. Among 41 GCs which reported gains, BSP had highest
amount of P27.80 billion or 99.62 percent of total gains of P27.91 billion. On the
other hand, DBP and LBP incurred losses of P2.12 billion or 76.24 percent and
P574.05 million or 20.64 percent, respectively.
The ending balances of Cash and Cash Equivalents for CYs 2017 and 2016 shown in
the SCF differed from the balances reported in the SFPos. The details are shown
below:
2016
2017
Particulars (Restated)
(in thousand pesos)
Balance per SFPos 867,494,642 811,009,251
Balance per SCF 1,455,325,594 1,236,945,299
Difference (587,830,952) (425,936,048)
The differences pertained to the BSP’s gross international reserves reduced by the
demand liabilities consisting of government demand deposits and deposits of banks
and other financial institutions, except non-international reserves foreign currency on
hand amounting to P32.47 million and P34.55 million for CYs 2017 and 2016,
respectively, which were recognized as foreign currency on hand. This is consistent
with the presentation of the accounts in the SFPos and SCF of the BSP.
73
PART III
SCHEDULES
AND
ANNEXES
Schedule 1
Aging of Accounts Receivable
As at December 31, 2017
(in thousand pesos)
Amount Due
Current Past Due
Amount
No. Name of Government Corporations Remarks
Balance 31-120 91 days to 1 211-365 Over 365 Over 1 year Over 2 years Over 3 years
1 to 90 days
days year days days to 2 years to 3 years and onwards
Cluster 1 - Banking and Credit
1 Al Amanah Islamic Investment Bank of the
Philippines 4,378 345 - 12 - - 6 2 4,013
2 Bangko Sentral ng Pilipinas 15,809,690 394,321 - 3,329,669 - - 2,657,743 93,880 9,334,076
3 Credit Information Corporation 5,371 5,357 - 0 - - 12 1
4 Development Bank of the Philippines 7,039,817 6,604,449 - 188,261 - - 87,657 84,823 74,626
5 DBP Data Center, Inc. 117,197 59,769 - 44,116 - - 179 - 13,133
6 DBP Leasing Corporation 11,799 3,602 - - - - 37 1,867 6,292
7 Land Bank of the Philippines 1,012,108 261,160 - 266,469 - - 73,391 150,472 260,616
74
4 Home Development Mutual Fund 440,261,309 364,378,064 - 36,628,431 - - 11,467,255 4,291,040 23,496,519
5 Home Guaranty Corporation 1,081,653 283,458 - 70,551 - - 727,644 - -
6 National Home Mortgage Finance
Corporation 3,323 - - - - - - 3,323
7 National Housing Authority 51,802,149 370,722 - 1,974,167 - - 47,504,104 224,679 1,728,477
8 Occupational Safety & Health Center 7,745 677 - 896 - - 4,318 1,441 413
9 Palacio del Gobernador Condomium 8,563 6,621 - 1,254 - - 186 137 366
Corporation
10 Small Business Guarantee and Finance 16,845 1,845 - 1,033 - - 215 14 13,737
Corporation
11 Social Housing Finance Corporation 10,537,382 2,914,434 - 1,092,356 - - 896,153 690,837 4,943,601
12 Social Security System 4,566,519 6,873,955 - (697,709) - - (1,398,866) (334,374) 123,514
13 Southern Utility Management and Services 4,751 3,076 - 1,301 - - - - 374
Inc.
75
14 Power Sector Assets and Liabilities 76,501,523 3,650,131 - 13,493,237 - - 1,005,876 1,088,136 57,264,143
Management Corporation
15 PNOC Shipping and Transport Corporation 3,907 - - - - - - - 3,907
16 Cebu Port Authority 22,572 12,600 675 - 6 9,291 - - - No aging report for the
amount of
P38,945,352.30
17 Panay Railways, Inc. 28,080 - - - - - - - - No Aging Report
76
28 12,909
29 Subic Bay Metropolitan Authority 4,684 169 - 237 - - 220 207 3,851
30 Tourism Infrastructure and Enterprise Zone 269,937 202,592 - 7,533 - - 6,098 2,340 51,374
Authority
31 Corregidor Foundation, Inc. 4,751 3,564 - 1,187 - - - - -
32 Zamboanga City Special Economic Zone
Authority 42,215 5,802 - 13,809 - - 11,207 7,689 3,707
11 Philippine Charity Sweepstakes Office 1,330,401 272,196 11,389 - - - 3,089 11,249 1,032,479
12 Philippine Children's Medical Center 149,324 100,520 13,325 - - - 4,175 2,615 28,689
13 Philippine Health Insurance Corporation 2,494,203 492,697 201,716 - - - 77,389 123,029 1,599,373
14 Philippine Heart Center 625,570 148,796 36,680 - - - 38,364 26,956 374,774
15 Philippine Institute of Traditional and 13,916 - 0 - - - 13,260 - 655
Alternative Health Care
16 Philippine International Trading Corporation 232,830 55,857 77,227 - - - 259 645 98,843
17 Philippine Pharma Procurement, Inc. 45,455 9,101 1,988 - - - - - 34,366
18 Philippine Retirement Authority 36,178 - - - - - 698 344 35,136
19 Veterans Federation of the Philippines 44,834 2,994 954 - - - - 40,886 -
Amount Due
Current Past Due
Amount
No. Name of Government Corporations Over 3 Remarks
Balance 91 days to Over 1 year Over 2 years
1 to 90 days years and
1 year to 2 years to 3 years
onwards
Cluster 1 - Banking and Credit
1 Bangko Sentral ng Pilipinas 66,641 8,835 3,096 150 8 54,552
2 DBP Data Center, Inc. 30 30 - - - -
3 Land Bank of the Philippines (LBP) 13,631 11,063 2,567 - - -
4 LandBank Countryside Development Foundation, 38 38 - - - -
Inc.
5 LBP Leasing and Finance Corporation 433 343 89 - - -
6 LBP Resources and Development Corporation 436 436 - - - -
79
Amount Due
Amount Current Past Due
No. Name of Government Corporations Remarks
Balance 91 days to 1 Over 1 year Over 2 years Over 3 years
1 to 90 days
year to 2 years to 3 years and onwards
Cluster 3 - Public Utilities
1 Philippine Postal Corporation 40,510 37 3,677 - 579 36,217
5 Zamboanga City Special Economic Zone Authority 638 23 - - 84 532 Liquidated as of June 2018.
Amount Due
Amount Current Past Due
No. Name of Government Corporations Remarks
Balance 91 days to 1 Over 1 year Over 2 Over 3 years
1 to 90 days
year to 2 years years to 3 and onwards
Cluster 1 - Banking and Credit
1 Bangko Sentral ng Pilipinas 1,773 500 892 7 14 359
Amount Due
Amount Current Past Due
No. Name of Government Corporations Remarks
Balance 91 days to Over 1 Over 2 Over 3
1 to 90 days
1 year year to 2 years to 3 years and
Amount Due
Amount Current Past Due
No. Name of Government Corporations Remarks
Balance 91 days to 1 Over 1 year Over 2 years Over 3 years
1 to 90 days
year to 2 years to 3 years and onwards
Cluster 1 - Banking and Credit
1 Al Amanah Islamic Investment Bank of the Philippines 1,171 242 360 127 400 43
2 Bangko Sentral ng Pilipinas 4,109,033 1,278,626 578,242 198,382 83,244 1,970,539
3 Central Bank - Board of Liquidators 35 - - - 35 -
4 Credit Information Corporation 18,434 18,434
5 Development Bank of the Philippines 7,794,920 7,527,854 94,352 10,232 11,971 150,511
6 DBP Data Center, Inc. 55,610 25,717 21,383 - - 8,510
7 DBP Leasing Corporation 3,415 2,158 746 58 173 281
8 Land Bank of the Philippines 21,222,085 18,770,526 1,149,310 381,662 263,731 656,856
9 LandBank Countryside Development Foundation, Inc. 1,919 1,474 13 - - 432
88
10 LandBank Insurance and Brokerage, Inc. 29,430 19,471 5,175 2,228 1,984 573
11 LBP Leasing and Finance Corporation 1,753 254 - 1,499 - -
12 LBP Resources and Development Corporation 10,466 5,960 4,506
13 Masaganang Sakahan , Inc. 53,393 51,710 - - 25 1,658
14 National Livelihood Development Corporation 2,028 1,958 70
15 Northern Foods Corporation 60,923 60,840 - 0 - 82
16 Philippine Deposit Insurance Corporation 39,119 31,755 5,388 1,962 - 15
17 Philippine International Convention Center 104,608 70,991 28,112 1,204 113 4,187
18 Philippine Postal Savings Bank, Inc. 74,029 49,032 6,031 2,680 3,614 12,673
3 Cultural Center of the Philippines 134,128 5,145 67,435 46,215 5,322 10,011
4 Duty Free Philippines Corporation 1,856,928 1,839,658 11,608 141 106 5,414
5 Lung Center of the Philippines 83,650 68,801 2,738 7,481 1,956 2,675
6 National Kidney and Transplant Institute 922,488 415,119 384,498 64,574 39,561 18,735
7 Philippine Amusement and Gaming Corporation 1,460,538 1,288,722 67,083 62,979 5,585 36,169
8 Philippine Center for Economic Development 3,509 1,861 - - 1,649 -
9 Philippine Charity Sweepstakes Office 9,070,510 5,221,264 591,376 2,281,300 156,680 819,889
10 Philippine Children's Medical Center 608,522 126,060 13,506 5,101 434,937 28,918
11 Philippine Health Insurance Corporation 38,854,556 21,718,054 10,681,572 2,282,503 1,246,351 2,926,077
12 Philippine Heart Center 925,382 625,077 241,049 28,183 13,492 17,582
13 Philippine Institute for Development Studies 667 667 - - - -
14 Philippine Institute of Traditional and Alternative
Health Care 28,319 24,299 10 367 70 3,574
15 Philippine International Trading Corporation 19,801,414 5,601,943 5,574,715 6,601,506 1,417,820 605,430
16 Philippine Pharma Procurement, Inc. 45,876 26,113 9,023 5,284 1,769 3,686
17 Philippine Retirement Authority 92,475 86,180 2 2,235 2,029 2,029
18 Tourism Promotions Board 444,205 234,605 - (175,953) 384,094 1,458
19 Veterans Federation of the Philippines 872 - - - - 872
Total 198,669,583 89,744,748 33,942,199 17,479,816 13,779,764 32,942,141
Schedule 7
Summary of Property, Plant and Equipment
As at December 31, 2017
TOTAL
(in thousand pesos)
Property, Plant and Equipment Accumulated Accumulated
Cost Depreciation Adjustment/s Carrying Amount
Impairment Losses
PROPERTY, PLANT AND EQUIPMENT 1,461,704,475 492,673,629 2,387,084 2,631,175 969,274,938 *
Land 259,687,502 68,524 - (505,350) 259,113,628
Land 259,687,502 68,524 - (505,350) 259,113,628
Land Improvements 53,488,553 26,313,350 22,220 184,217 27,337,200
Land Improvements, Aquaculture Structures 10,823 6,331 - - 4,491
Land Improvements, Reforestation Projects 116,073 102,967 - - 13,106
Other Land Improvements 53,361,657 26,204,051 22,220 184,217 27,319,603
Infrastructure Assets 344,782,872 170,120,692 1,565,576 3,313,584 176,410,189
Road Networks 2,401,130 1,210,188 1,565,576 1,565,576 1,190,942
Flood Control Systems 140,831 38,189 - - 102,642
Sewer Systems 535,718 384,470 - - 151,248
Water Supply Systems 77,116,604 1,786,159 - 1,811,903 77,142,347
Power Supply Systems 118,103,328 103,752,196 - 53 14,351,185
92
Communication Networks - - - - -
Seaport Systems - - - - -
Airport Systems - - - - -
Railway Systems - - - - -
Parks, Plazas and Monuments - - - - -
Plant-Utility Plant in Service (UPIS) - - - - -
Other Infrastructure Assets - - - - -
Buildings and Other Structures 19,189,325 9,927,688 14,534 2,479 9,249,582
Buildings 19,189,325 9,927,688 14,534 2,479 9,249,582
Hospitals and Health Centers - - - - -
Hostels and Dormitories - - - - -
Water Plant, Structure and Improvements - - - - -
Other Structures - - - - -
Machinery and Equipment 19,590,782 9,045,558 15,889 (88,683) 10,440,653
Office Equipment 8,949,014 5,357,330 13,309 4,354 3,582,729
Information and Communication Technology Equipment 5,994,580 3,394,716 2,556 (101,108) 2,496,199
Agricultural and Forestry Equipment - - - - -
Airport Equipment - - - - -
Communication Equipment 16,427 9,405 - - 7,023
*Total amount presented is not reconciled with the figure on the Statement of Financial Position
Schedule 7
Summary of Property, Plant and Equipment
As at December 31, 2017
Cluster 1 - Banking and Credit
(in thousand pesos)
Property, Plant and Equipment Accumulated Accumulated
Cost Depreciation Adjustment/s Carrying Amount
Impairment Losses
Construction and Heavy Equipment 3,758 2,597 - - 1,161
Disaster Response and Rescue Equipment - - - - -
Gaming Equipment - - - - -
Military, Police and Security Equipment 88,202 83,472 - - 4,730
Medical Equipment 45 45 - - 0
Printing Equipment - - - - -
Sports Equipment 11 10 - - 1
Technical and Scientific Equipment 4,520 2,311 - 2,209
Kitchen Equipment - - - - -
Electrical Equipment - - - - -
Other Machinery and Equipment 4,534,225 195,672 24 8,072 4,346,601
Transportation Equipment 2,018,730 1,303,494 4,190 (18,965) 692,080
96
Communication Networks - - - - -
Seaport Systems - - - - -
Airport Systems - - - - -
Railway Systems - - - - -
Parks, Plazas and Monuments - - - - -
Plant-Utility Plant in Service (UPIS) - - - - -
Other Infrastructure Assets - - - - -
Buildings and Other Structures 9,235,612 5,721,164 138,573 (9,660) 3,366,215
Buildings 9,017,018 5,537,265 138,573,067.00 - 3,341,180
Hospitals and Health Centers - - - - -
Hostels and Dormitories - - - - -
Water Plant, Structure and Improvements - - - - -
Other Structures 218,594 183,899 - (9,659,600.61) 25,035
Machinery and Equipment 6,552,656 4,409,106 2,158 486 2,141,878
Office Equipment 1,782,367 1,085,082 404 593 697,475
Information and Communication Technology Equipment 4,384,421 3,054,819 1,754 (97) 1,327,751
Agricultural and Forestry Equipment - - - - -
Airport Equipment - - - - -
Communication Equipment 8,476 6,880 - (10) 1,585
*Total amount presented is not reconciled with the figure on the Statement of Financial Position
Schedule 7
Summary of Property, Plant and Equipment
As at December 31, 2017
Cluster 2 - Social Security Services and Housing
(in thousand pesos)
Property, Plant and Equipment Accumulated Accumulated
Cost Depreciation Adjustment/s Carrying Amount
Impairment Losses
Construction and Heavy Equipment 705 705 - - 0
Disaster Response and Rescue Equipment - - - - -
Gaming Equipment - - - - -
Military, Police and Security Equipment - - - - -
Medical Equipment 223,794 172,264 - - 51,530
Printing Equipment - - - - -
Sports Equipment 6,160 2,991 - - 3,170
Technical and Scientific Equipment 47,364 27,011 - - 20,353
Kitchen Equipment - - - - -
Electrical Equipment - - - - -
Other Machinery and Equipment 99,369 59,354 - - 40,014
Transportation Equipment 874,218 556,622 943 18,578 335,231
99
Communication Networks - - - - -
Seaport Systems 805,003 161,882 - - 643,121
Airport Systems - - - - -
Railway Systems - - - - -
Parks, Plazas and Monuments - - - - -
Plant-Utility Plant in Service (UPIS) - - - - -
Other Infrastructure Assets - - - - -
Buildings and Other Structures 6,583,318 3,004,631 - 19,904 3,598,591
Buildings 3,535,632 1,548,308 - 26,608 2,013,932
Hospitals and Health Centers 128,496 81,179 - - 47,316
Hostels and Dormitories - - - - -
Water Plant, Structure and Improvements - - - - -
Other Structures 2,919,191 1,375,145 - (6,704) 1,537,342
Machinery and Equipment 6,593,910 3,726,204 - (3,329) 2,864,378
Office Equipment 556,736 317,058 - (1,557) 238,122
Information and Communication Technology Equipment 825,907 500,940 - (887) 324,080
Agricultural and Forestry Equipment 857,185 125,038 - - 732,148
Airport Equipment - - - - -
Communication Equipment 137,224 81,901 - (17) 55,305
*Total amount presented is not reconciled with the figure on the Statement of Financial Position
Schedule 7
Summary of Property, Plant and Equipment
As at December 31, 2017
Cluster 5 - Agricultural and Natural Resources
(in thousand pesos)
Property, Plant and Equipment Accumulated Accumulated
Cost Depreciation Adjustment/s Carrying Amount
Impairment Losses
Construction and Heavy Equipment 549,584 398,220 - - 151,364
Disaster Response and Rescue Equipment 12,690 9,946 - - 2,744
Gaming Equipment - - - - -
Military, Police and Security Equipment 3,529 2,078 - - 1,451
Medical Equipment 40,954 14,081 - (77) 26,796
Printing Equipment - - - - -
Sports Equipment 2,064 902 - - 1,162
Technical and Scientific Equipment 1,008,975 577,203 - (346) 431,426
Kitchen Equipment - - - - -
Electrical Equipment 340 58 - (43) 239
Other Machinery and Equipment 2,598,722 1,698,780 - (402) 899,540
108
114
Schedule 10
Breakdown of Domestic Loans
December 31, 2017
(in thousand pesos)
7 Quedan and Rural Credit Guarantee Corporation Agricultural Credit and Policy Council 1,132,720
Department of Agrarian Reform 117,083
Department of Agriculture 1,005,000
National Dairy Authority 30,946
Schedule 10
9 LBP Leasing and Finance Corporation Land Bank of the Philippines 1,627,282
Philippine National Bank 445,000
Bank of the Philippine Islands 50,000
117
12 Small Business Guarantee and Finance Notes Payable to various Financial Institutions (SME Notes)
1,570,250
Corporation Loans payable to International Fund for 27,315 1,597,565
Metrobank 100,000
Philippine National Bank 225,000
Chinabank Savings 150,000
Security Bank 150,000 1,270,043
15 Trade and Investment Development Corporation Land Bank of the Philippines 812,250
20 Local Water Utilities Administration Asian Development Bank (ADB) 1056 116,676
Asian Development Bank (ADB) 1559 12,576
IDA 920-PHI (12,800)
JBIC PH-P149 353,671 470,123
Schedule 10
31 Natural Resources Development Corporation Philippine National Oil Company - Energy 56,201
Development Corporation
120
37 Northeastern Luzon Coastal Pacific Services, Inc.Development Bank of the Philippines 3,069
TOTAL 363,160,122
Schedule 11
Breakdown of Foreign Borrowings
December 31, 2017
(in thousand pesos)
1 Power Sector Assets and Liabilities DBP/Morgan Stanley and UBS AG 144,252,294
Management Corporation International Development Association 67,503
Overseas Private Investment Corp./Salomon Smith 15,989,921
ADB 4,844 160,314,562
4 Light Rail Transit Authority Japan Bank for International Coop (JBIC) loans 21,628,114
Belgian State Loans 135,293
Belgian Loan 301,464
Natexis Banque (Credit Nationale) 83,112 22,147,983
7 Subic Bay Metropolitan Authority Japan Bank for International Cooperation/OECF II 5,241,789
Japan Bank for International Cooperation/OECF II 173,704
World Bank II 60,405 5,475,898
8 Philippine Ports Authority Japan Bank for International Coop (JBIC) loans 3,983,071
125
10 Local Water Utilities Administration Asian Development Bank (ADB) 1269 110,005
Asian Development Bank (ADB) 1472 466,031
OECF PH-P154 332,953
OECF PH-P181 870,772
Kreditanstatlt fur Weideraufbau (KfW) PTWSP I &
649,662
II
Kreditanstatlt fur Weideraufbau (KfW) PTWSP III 314,845
French Protocol 23,230 2,767,498
Schedule 11
12 Philippine National Railways Japan Bank for International Coop (JBIC) loans PH-
98 162,991
Japan Bank for International Coop (JBIC) loans PH-
119 140,042
EDCF/Korea 1,277,862
KEXIM-II 192,906
RZB Austria 94,488 1,868,289
126
13 Small Business Guarantee and Finance Loans Payable to Asian Development Bank
Corporation (guaranteed by the National Government) 478,773
Loans Payable to Kreditanstalt fur Wiederaufbau
(guaranteed by the NationalGovernment) 658,032 1,136,805
17 Tourism Infrastructure and Enterprise Zone Japan Bank for International Cooperation 234,525
Authority
Schedule 11
18 Philippine Economic Zone Authority Japan Bank for International Cooperation 97,249
20 Partido Development Administration ABN AMRO Bank N.V. Copenhagen, Denmark 56,254
23 Authority of the Freeport Area of Bataan Japan International Cooperation Agency formerly
127
TOTAL 341,889,081
Schedule 12
128
Schedule 13
Extraordinary Advertising,
and Promotional Confidential/ Consultancy
Name of Government Corporations Representation Total
Miscellaneous and Marketing Intelligence Services
Expenses Expenses
136
Schedule 16
137
Schedule 17
138
Schedule 18
139
Schedule 19
140
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
8 DBP Leasing Corporation DPBLC DBP 11th Floor NDC Bldg. 116 Tordesillas St., Corporate Law/SEC Registration No.
Salcedo Village, Makati City 128538
9 DBP Management Corporation DBPMC DBP 8th Floor DBP Bldg., Senator Gil J. Puyat DBP Board Resolution No. 3403/SEC
Avenue corner Makati Avenue, Makati City Registration No. 102149
10 Land Bank of the Philippines LBP - Land Bank Plaza, 1598 M. H. del Pilar RA No. 3844
corner Dr. J. Quintos Sts., Malate, Manila
11 LBP Countryside Development Foundation Inc. LCDFI LBP 12/F SSHG Law Centre Bldg., 105 Paseo de Corporate Law/SEC Registration No.
Roxas St., Legaspi Village, Makati City 110790
12 LBP Resources and Development Corporation LBRDC LBP 24/F Land Bank Plaza, 1598 M. H.Del Pilar Corporate Law/SEC Registration No.
corner Dr. J. Quintos Sts., Malate, Manila 61385
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
13 LBP Insurance Brokerage, Inc. LIBI LBP 12/F SSHG Law Centre Bldg., 105 Paseo de Corporate Law/SEC Registration No.
Roxas St., Legaspi Village, Makati City 105764
14 LBP Leasing and Finance Corporation LLFC LBP 15/F SSHG Law Centre Bldg., 105 Paseo de Corporate Law/SEC Registration No.
Roxas St., Legaspi Village, Makati City 111115
15 Masaganang Sakahan Inc. MSI LBP 6/F SSHG Law Centre Bldg., 105 Paseo de Corporate Law/SEC Registration No.
Roxas St., Legaspi Village, Makati City 59145
16 Northern Foods Corporation NFC NLDC One Corporate Plaza, Arnaiz Avenue, SEC Registered
Makati City
17 Philippine Deposit Insurance Corporation PDIC - PDIC Bldg., 2228 Chino Roces Ave., RA No. 3591
Makati City
18 Philippine Postal Savings Bank Inc. PPSBI PPC Liwasang Bonifacio, Intramuros, Manila PPC Board Resolution No. 94-34
19 Millennium Challenge Account - Philippines Inc. MCA-P DBP SEC Registered
1 AFP Retirement and Separation Benefits System AFPRSBS - 424 Capinpin Avenue, Camp Aguinaldo, PD No. 1656 & PD No. 1909
Quezon City
2 Employees' Compensation Commission ECC - ECC Bldg. 355 Sen. Gil Puyat Ave., Makati PD No. 626
City
3 Government Service Insurance System GSIS - Government Financial Center, Roxas RA 8291
Boulevard, Pasay City
4 Home Development Mutual Fund HDMF - JELP Bldg., 409 Addition Hills, Shaw Blvd., RA 9679
Mandaluyong City
5 Home Guarantee Corporation HGC - Jade Bldg., 335 Sen. Gil J. Puyat Ave., RA 8763
Makati City
6 National Home Mortgage Finance Corporation NHMFC - 104 3rd Floor, Filomena Bldg., Amorsolo PD No. 1267
St., Legaspi Vill., Makati City
7 National Housing Authority NHA - Elliptical Road, Diliman, Quezon City PD 757 as amended EO 90 of 1986
8 Occupational Safety and Health Center OSHC - North Ave., cor. Agham Road, Diliman, EO No. 307
Quezon Ctiy
9 Palacio Del Gobernador Condominium PDGCC - Gen. Luna St., cor. Andres Soriano, Jr. Ave., Organized & Registered under SEC /
Corporation Intramuros, Manila Structured & operated by Condominium
Act (RA 4726)
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
10 Small Business Guarantee and Finance SBGFC - 139 Corporate Center, 139 Valero St., RA 9501
Corporation Salcedo Vill., Makati City
11 Social Housing Finance Corporation SHFC NHMFC Banco De Oro Plaza, 8737 Paseo de Roxas, EO No. 272
Makati City
12 Social Security System SSS - East Ave., Quezon City RA No. 8282
13 Southern Utilities Management and Services Inc. SUMSI AFPRSBS RSBS Blvd. Phase I, San Lorenzo Organized & Registered under SEC
Subdivision, Sta. Rosa, Laguna
14 Trade and Investment Development Corporation TIDCORP - 3/F Citibank Center, Citibank Plaza, 8741 PD No. 550 and PD No. 1080
of the Philippines Paseo de Roxas, Makati City
Cluster 3 - Public Utilities
1 APO Production Unit, Inc. APO - E. De Los Santos Avenue, Diliman, 1100 LOI 197 of 1974 and RA 10149 of 2011
Quezon City
2 Cebu Ports Authority CPA - North Reclamation Area, Cebu City 600 RA 7621
143
3 Light Rail Transit Authority LRTA - Administration Bldg., LRTA Compound, EO 603 as amended by EO 830 of 1982
Aurora Blvd., Pasay City and EO 210 of 1987
4 Local Water Utilities Administration LWUA - Katipunan Road, Balara, Quezon City PD 198 of 1973 as amended by PD 768
and PD 1479
5 Metropolitan Waterworks and Sewerage System MWSS - MWSS Bldg., Katipunan Road, Old Balara, RA 6234 o 1971 and RA 8041 of 1995
Quezon City
6 National Electrification Administration NEA - NIA Road, Government Center, Diliman, PD 269 of 1973
Quezon City
7 National Power Corporation NPC - Quezon Avenue cor. BIR Road, Diliman, CA 120 of 1936 as amended by RA 6395
1100 Quezon City
8 Philippine National Oil Company PNOC - PNOC Bldg. 6, Energy Center, Fort PD 334 of 1973
Bonifacio, Taguig City
9 PNOC Alternative Fuels Corporation PNOC-AFC PNOC 2263 La Panday Center, Pasong Tamo Corporation Law
Extension, Makati City
10 PNOC Development and Management PNOC-DMC - PNOC Bldg. 6, Energy Center, Fort Corporation Law
Corporation Bonifacio, Taguig City
11 PNOC Exploration Corporation PNOC-EC PNOC PNOC Bldg. 1, Energy Center, Fort Corporation Law
Bonifacio, Taguig City
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
12 PNOC Renewables Corporation PNOC-RC PNOC PNOC Bldg. 1, Energy Center, Fort Corporation Law
Bonifacio, Taguig City
13 PNOC Shipping and Transport Corporation PSTC PNOC S & L Bldg., 1500 Roxas Blvd., Ermita, Corporation Law
Manila
14 Philippine National Railways PNR - PNR Executive Bldg., Tutuban, Manila RA 4156 and 6366; PD 741
15 Philippine Ports Authority PPA - A. Bonifacio Drive, South Harbor, Port PD 505 of 1974 as revised by PD 857 of
Area, Manila 1975
16 Philippine Postal Corporation PPC - Liwasang Bonifacio, 1000 Manila RA 7354 of 1992
17 Power Sector Assets and Liabilities Management PSALM - 7/F Bankmer Bldg., 6756 Ayala Avenue, RA 9136
Corporation Makati City
18 National Transmission Corporation TransCo PSALM Quezon Avenue cor. BIR Road, Diliman, RA 9136
1100 Quezon City
Cluster 4 - Industrial and Area Development
1 Aurora Pacific Economic Zone and Freeport APECO - Casiguran, Aurora RA 10083 as amended by RA 9490
144
Authority
2 Authority of the Freeport Area of Bataan AFAB - Mariveles, Bataan RA 9728
3 Bases Conversion and Development Authority BCDA - 2F Bonifacio Technology Center, 31st RA 7227 amended by RA 9717
Street, Cresent Park West Bonifacio Global
City, Taguig City
4 BCDA Management and Holdings, Incorporated BMHI BCDA 2F Bonifacio Technology Center, 31st Corporation Law
Street, Cresent Park West Bonifacio Global
City, Taguig City
5 Clark Development Corporation CDC BCDA Clark Special Economic Zone, Clark Field, Corporation Law
Angeles City, Pampanga
6 Clark International Airport Corporation CIAC BCDA Corporate Office Bldg., Clark Freeport Corporation Law
Zone, Clark Field, Pampanga
7 John Hay Management Corporation JHMC BCDA Camp John Hay, Baguio City Corporation Law
8 North Luzon Railways Corporation NORTHRAIL BCDA MWSS Compound, Katipunan Road, Old Corporation Law
Balara, Quezon City
9 Poro Point Management Corporation PPMC BCDA Pennsylvania Avenue, Poro Point, San Corporation Law
Fernando, La Union
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
10 Cagayan Economic Zone Authority CEZA - 7th Flr Westar Building, 611 Shaw Blvd., RA 7922
Pasig
11 Northeastern Luzon Pacific Coastal Service, Inc. NLPCSI - 7th Flr Westar Building, 611 Shaw Blvd., Corporation Law
Pasig
12 Civil Aviation Authority of the Philippines CAAP - Old MIAA Road, Pasay City RA 9497
13 Laguna Lake Development Authority LLDA - National Ecology Center, East Avenue, RA 4850 as amended by PD 813
14 Mactan-Cebu International Airport Authority MCIAA - Diliman,
LapulapuQuezon City
City, Cebu of
RA1975 EO 927 of 1983
6958
15 Manila International Airport Authority MIAA - MIAA Administration Bldg., MIAA Road, EO 778 of 1982 as amended by EO 903
Pasay City and EO 909 both of 1983
16 Marawi Resort Hotels, Incorporated MRHI - Marawi City Corporation Law
17 National Development Company NDC - #116 Tordesillas St., Salcedo Village, Legislative Act 2849 of 1919 as amended
Makati City by CA Act 182 of 1936, as amended by
CA 311 of 1938; PD 1648 of 1979
145
18 Batangas Land Company, Incorporated BLCI NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
19 First Cavite Industrial Estate, Incorporated FCIEI NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
20 GY Realty Estate, Incorporated GYREI NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
21 Inter-Island Gas Services, Incorporated IIGSI NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
22 Kamayan Realty Corporation KRC NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
23 Manila Gas Corporation MGC NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
24 NDC-Philippine Infrastructure Corporation NPIC NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
25 Pinagkaisa Realty Corporation PRC NDC #116 Tordesillas St., Salcedo Village, Corporation Law
Makati City
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
26 Partido Development Administration PDA - Caraycayon, Tigaon, Camarines Sur RA 7820 of 1994
27 Philippine Aerospace Development Corporation PADC - Hangar 2, General Aviation Area, Domestic PD 286 of 1973 as amended by PDs 346
Rd., Paranaque City of 1973 and 696 of 1975
28 Philippine Economic Zone Authority PEZA - Roxas Blvd. corner San Luis St., Pasay City RA 7916 of 1995 as amended by RA
8748
29 Philippine National Construction Corporation PNCC - Km. 15, East Service Road, Bicutan, LOI 1295 of 1983
Paranaque City
30 Alabang- Sto.Tomas Development, Incorporated ASDI PNCC Km. 15, East Service Road, Bicutan, Corporation Law
Paranaque City
31 CDCP Farms Corporation CDCP-FC PNCC Km. 15, East Service Road, Bicutan, Corporation Law
Paranaque City
32 DISC Contractors Builders and General Services, DISCCBGSI PNCC Km. 15, East Service Road, Bicutan, Corporation Law
Inc. Paranaque City
146
33 Philippine Reclamation Authority PRecA - 7/F Legaspi Towers 200 Bldg., 107 Paseo de PD 1084 of 1977
Roxas St. Legaspi Village, 1226 City of
Makati
34 PEA Tollway Corporation PEATC PRecA Aguinaldo Blvd., Coastal Rd.,Paranaque Corporation Law
City
35 PHIVIDEC Industrial Authority PIA - Municipalities of Togoloan and Villanueva, PD 538 as amended by PD1491; EO No.
Misamis Oriental 1031
36 Southern Philippines Development Authority SPDA - 4th Floor, Karpentrade Building, Km. 2 PD 690 of 1975 as amended by PD 1703
McArthur Highway, Matina, Davao City of 1980
37 Subic Bay Metropolitan Authority SBMA - SBMA Building 229, Subic Bay Freeport RA 7227
Zone, Olongapo City
38 Subic-Clark Alliance for Development SCAD - Ground Floor, Building 2127, CDC EO 504; AO 105 of 2006; Amended EO
Corporate Headquarters, E. Quirino corner 504-A series of 2008
C. Garcia Streets, Clark Freeport Zone
39 Tourism Infrastructure and Enterprise Zone TIEZA - 142 Amorsolo Street, Legaspi Village, PD 189 amended under PD 564; Section
Authority Makati City 63 of RA 9593
40 Corregidor Foundation, Inc. CFI TIEZA 142 Amorsolo Street, Legaspi Village, Corporation Law
Makati City
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
41 Zamboanga City Special Economic Zone ZCSEZA - San Ramon, Zamboanga City RA 7903 of 1995
Authority
Cluster 5 - Agricultural and Natural Resources
1 National Food Authority NFA - 5th Floor, SRA Building, North Avenue, PD No. 4 dated September 26, 1972 and
Quezon City PD No. 1770 dated January 14, 1981
Subsidiary:
2 Food Terminal, Inc. FTI - FTI Complex, Taguig City SEC Registration No. 35176 dated May 3,
1968, subsidiary of NFA by virtue of PD
No. 1770 dated January 14, 1981
3 National Irrigation Administration NIA - National Government Center, EDSA, RA No. 3601 dated June 22, 1963
Diliman, Quezon City
4 Philippine Coconut Authority PCA - PCA Building, Elliptical Road, Diliman, PD No. 232 dated June 30, 1973 as
Quezon City amended by PD No. 1468 dated June 11,
1978
5 Sugar Regulatory Administration SRA - Sugar Center Building, North Avenue, EO No. 18 dated May 28, 1986
147
14 Philippine Crop Insurance Corporation PCIC - 7th Floor, NIA Building A, NIA Complex, PD No. 1467 dated June 11, 1978,
EDSA, Quezon City amended by PD No. 1733 dated October
21, 1980 and EO No. 708 dated July 27,
1981, further amended by RA No. 8175
enacted on December 20, 1995
15 Philippine Rice Research Institute PRRI - Maligaya, Science City of Muñoz, Nueva EO No. 1061 dated November 5, 1985
Ecija
16 Bukidnon Forests, Incorporated BFI - Malaybalay City, Bukidnon SEC Registered on October 7, 1992
148
2 Center for International Trade Expositions and CITEM - ITC Complex, Roxas Blvd, cor Buendia St, EO Nos. 989 and 133 as amended by EO
Missions Pasay City No. 242, dated July 24, 1987
3 Cultural Center of the Philippines CCP - CCP Complex, Roxas Boulevard, Pasay City E.O. No. 30 year 1966
4 Development Academy of the Philippines DAP - San Miguel Avenue, Pasig City PD No. 205 dated June 7, 1973, amended
by PD No. 1061 dated December 9, 1976
and EO No. 288 signed on July 25, 1987
5 Duty Free Philippines Corporation DFPC - Fiesta Mall, EHA Building, Ninoy Aquino EO No. 46 dated September 4, 1986;
Ave, Parañaque City reorganized to DFPC under Section 89 of
RA No. 9593 (Tourism Act of 2009)
dated 11/10/2009, attached to the
Department of Tourism
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
6 Lung Center of the Philippines LCP - Quezon Avenue, Quezon City PD No. 1823 dated January 16, 1981
7 National Kidney and Transplant Institute NKTI - East Avenue, Diliman, Quezon City PD No. 1832 dated January 16, 1981
8 Nayong Pilipino Foundation NPF - Orchidarium, Rizal Park, Manila PD 37 dated November 6, 1972
9 Intercontinental Broadcasting Corporation IBC 13 - Broadcast City, Capitol Hills, Diliman, SEC Registration No. 4118 dated May 11,
Quezon City 1970. EO No. 11 dated April 8, 1986
created a Board of Administrators to
manage and operate the business and
affairs of IBC and have the custody of
their funds and assets subject to the
supervision and control of the PCGG
10 Philippine Center for Economic Development PCED - UP - School of Economics, Diliman PD No. 453 dated May 13, 1974
Campus, Quezon City
11 Philippine Amusement and Gaming Corporation PAGCOR - PAGCOR Corporate Office, Hyatt Hotel and PD 1067-A dated January 1, 1977,
Casino Manila, M.H. del Pilar cor. Pedro Gil amended by PD Nos. 1067-B, 1067-C,
149
14 Philippine Heart Center PHC - East Avenue, Diliman, Quezon City PD No. 673 dated March 19, 1975
15 Philippine Health Insurance Coporation PHIC - 18th Floor, City State Centre, 709 Shaw RA 9241 dated February10, 2004
Blvd, Brgy. Orambo, Pasig City
16 Philippine Institute for Development Studies PIDS - 18th Floor, Three Cyberpod Centris-North PD 1201 dated September 1977
Tower, EDSA corner Quezon Avenue,
Quezon City
17 Philippine Institute of Traditional and Alternative PITAHC - East Avenue, Diliman, Quezon City RA No. 8423 dated July 29, 1997
Health Care
Annex A
Parent /
Non-
Name of Government Corporations Acronym Controlling GBE Address Enabling Law/Creation
Entity
GBE
18 Philippine International Trading Corporation PITC - 5th Flr NDC Bldg, Tordesillas St, Salcedo PD No. 252 dated July 21, 1973 as
Village, Makati City amended by PD No. 1071 on January 25,
1977
19 Philippine Pharma Procurement, Inc PPPI - 2nd Flr NDC Bldg, 116 Tordesillas St, SEC Registration No. 99913 dated
Salcedo Village, Makati City November 9, 2006
20 People's Television Network, Inc. PTNI - Visayas Avenue, Quezon City RA No. 7306 dated March 26, 1992
21 Philippine Retirement Authority PRA - 29th Floor, Citibank Tower, 8741 Paseo de EO No. 1037 dated July 4, 1985
Roxas, Makati City
22 Tourism Promotions Board TPB - 4th Flr, Legaspi Towers , 300 Roxas Blvd, PD No. 867 and PD No. 1448,
cor P. Ocampo, Malate, Manila reorganized to TPB, attached to the
Department of Tourism for policy and
program coordination under RA No. 9593
(Tourism Act of 2009) dated 11/10/2009
150
23 Veterans Federation of the Philippines VFP - Arroceros, Manila RA No. 2640, 1968
Annex B
This Cluster has auditorial jurisdiction over GOCCs in the banking and credit, and other
related classifications. In general, the functions of these GOCCs include the following:
Formulate and implement policies in the areas of money, banking and credit with the
primary objective of maintaining stable prices conducive to balanced and sustainable
economic growth in the Philippines; maintain the country’s international reserves,
perform credit operations, engage in open market operations, exercise supervision
over banking institutions, operate the interbank real-time gross settlement system,
act as a banker of the government, and has the sole power and authority to issue
currency;
Retain and administer, dispose of and liquidate the assets and liabilities of the then
Central Bank of the Philippines not transferred to or assumed by the Bangko Sentral
Ng Pilipinas;
Receive and consolidate basic credit data, to act as central registry or central
repository of credit information or credit history and financial condition of
borrowers;
Undertake the management, operation and administration of the PICC for use in the
holding of international conferences, conventions, meetings, seminars and the like,
including but not limited to, special events, professional exhibitions and trade
shows, and other special services as may be required by the users thereof;
Provide banking services principally to cater to the medium and long-term financial
needs of agricultural and industrial enterprises particularly in the countryside with
emphasis on small and medium-scale industries;
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Develop and implement non-banking systems for private and government entities;
Purchase or dispose of real and personal property of every kind and description,
including shares of stocks, bonds, debentures, notes, evidences of indebtedness, and
other securities or obligations of any corporation or association and manage the
general business of any company;
Engage in the business of leasing in all its aspect, and to arrange or underwrite or
administer leases of all types of real or personal properties and all kinds of
equipment, machines, vehicles, and facilities, especially maritime vessels for the
carriage of passengers, freight, cargo, vehicles, goods and merchandise of every
kind and description;
Engage in the business of buying and selling of foreign currencies; and buying,
selling, importing, exporting and/or dealing in any manner, at wholesale or retail,
goods and merchandise;
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Extend credit facilities for and otherwise assist in the establishment, operation,
development, expansion and/or reorganization of industrial, commercial, agricultural
and other productive or profitable enterprises and to make loans without security
within the limits allowed by law;
Engage in, operate and carry on, the business of providing and rendering general
manpower services, such as but not limited to management and technical services,
janitorial services, maintenance services, clerical messengerial, security services
and other allied services;
Engage in and carry on the business of purchase and acquire, operate, maintain,
lease, sell and dispose of and deal in agricultural equipment and farm machineries
and all other articles pertaining to agriculture;
Make available its farm equipment and machineries to the farmers, owner-
cultivators, agricultural lessees, tillers and/or other beneficiaries of land reform for
farm mechanization and development so as to obtain full utilization of lands and
enhancement of agricultural products;
Engage in the business of purchase and sale, barter and exchange of rice and other
cereal and commodities of native production in the Philippines;
Engage in the business of wholesale financing serving the financial needs for the
livelihood and income-generating activities of the Filipino poor primarily those
falling below the poverty level;
Promote and safeguard the interests of the depositing public by way of providing
permanent and continuing insurance coverage on all insured deposits;
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financial resources accessible in all areas of the country, and promote the values of
thrift, industry and prudence especially in the youth;
This Cluster has auditorial jurisdiction over GOCCs in financing, insurance and other
related sectoral classifications. In general, the functions of these GOCCs include the
following:
Provide and administer the social security benefits for all employees of the
Philippine government; administer the Optional Life Insurance Fund, Pre-Need
Fund, Employees’ Compensation Insurance Fund and the General Insurance Fund
and provide insurance coverage to assets and properties that have government
insurable interests (GSIS);
Manage, improve, develop, dispose, exchange, lease and hold for investment or
otherwise, the acquired assets which consists of properties of all kinds including
buildings, houses, apartments and other structures (GSIS);
Acquire, purchase, own, hold, manage, administer, operate, develop, lease, pledge,
mortgage, exchange, sell, transfer or otherwise dispose of, in any manner permitted
by law, real and personal property with every kind and description, monies and
funds, or any interests therein as may be necessary to carry out the purposes and
objectives of the Corporation which has a mandate to operate a credit guaranty
program in support of government’s effort to promote home ownership; provide risk
guarantees and fiscal incentives for housing credits extended by financing
institutions, thereby stimulating the flow of funds from both the government and
private sectors for housing and urban development (HGC);
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Develop housing projects which provide and maintain adequate housing for the
greatest possible number of people by developing and implementing a
comprehensive and integrated housing and resettlement program (NHA);
Develop and provide for a secondary market for home mortgages granted by public
and/or private home financing institutions; to develop a system that will attract
private institutional funds into long-term housing mortgages; and to provide
amortization support to borrowers during the first five years of the term of their
housing loans under the Abot-kaya Pabahay Fund (AKPF) (NHMFC);
Undertake continuing studies and researches on occupational safety and health; plan
develop and implement training programs; serve as duly recognized agency for
testing and setting standard and specifications of personal protective equipment and
other safety devices; monitor work environment by use of industrial hygiene, field
and laboratory equipment; conduct medical examinations to workers exposed to
hazardous substances and detection of occupational diseases; assist the government
agencies and institutions to formulate policies and standards and issue technical
guidelines for the prevention of occupational safety and health on diseases and
accidents (OSHC);
An entity that supports the colonial renaissance of Intramuros and sets a standard of
excellence in building management, to maintain and enhance the facilities of Palacio
Del Gobernador as a significant architectural landmark, to provide high quality
services that ensure clean, safe and secure building environment. Managing and
holding title to the common areas of the eight-storey building
condominium(PDGCC);
Undertake financing of social housing programs that will cater to the formal and
informal sectors in the low-income bracket and shall take charge of developing and
administering social housing program schemes with the Community Mortgage
Program (CMP) and the Amortization Support and Developmental Financing
Programs of the AKPF and other social housing program of the NHMFC (SHFC);
Administers social security protection to workers in the private sector which will
provide replacement income for workers in times of death, disability, sickness,
maternity and old age (SSS);
To own, operate, maintain and manage water utilities including but not limited to
water distribution, deep well servicing, repair or rehabilitation of water systems and
operations of water refilling station/s; and to acquire, sell, lease, convey, mortgage
or encumber, and otherwise deal with any property or interest therein, or easement,
right or privilege over or in respect of any property, real or personal, as may be
permitted by law, also engaged in the ground maintenance services; and as may be
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reasonably necessary to enable it to carry out the purposes for which the corporation
is created as may now be allowed by law (SUMSI); and
This Cluster has audit jurisdiction over GOCCs which are classified as public utilities with
the following functions:
Handle the printing of accountable forms and sensitive high quality/volume printing
jobs of the Philippine government agencies and offices (APO);
Construct, operate, maintain and/or lease the light rail transit systems in the country
(LRTA);
Acquire real property and buildings for investment incidental to the Corporation's
business (PDMC);
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Provide and maintain an adequate and stable supply of oil and petroleum products
for domestic requirement and engages in the exploration, exploitation and
development operations of other energy sources such as gas, coal, and geothermal
(PNOC);
Lead in the exploration, development and production of the country's oil, gas and
coal resources (PNOC EC);
Establish, develop, regulate, manage and operate a national port system in support of
trade and development (PPA);
Plan, develop, promote and operate a nationwide and universal postal system in the
country (PPC);
Manage the sale and privatization of the NPC assets and IPP contracts and the
liquidation of NPC debts and stranded contract costs (PSALM);
Engage in, conduct, manage and carry on the business of shipping, tankering,
lighterage, barging, towing, transport and shipment of goods, chattels, petroleum
and other products (PSTC);
Ensure the compliance of the National Grid Corporation of the Philippines (NGCP)
with the Concession Agreement and policies of the Department of Energy (DOE)
consequent to the privatization of its transmission business (TransCo);
Levy dues and impose rates and charges for the use of the premises, works,
appliances, facilities or for services provided by or belonging to the Authority, or
any other organization concerned with port operations, integrate and coordinate the
planning, development, construction and operations of ports and port facilities
within its territorial jurisdiction, consistent with the needs and requirements of the
region and to enhance the flow of international and domestic commerce passing
through or utilizing the regional ports (CPA- Region 7); and
Mandated to entering into contracts for the building, equipping, operating and
maintenance of any railroad authorized by the Philippine government particularly in
Panay (PRI).
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Annex B
This Cluster consists of GOCCs in industrial, area development and others that fall under
the classification, with the following functions:
Identify and develop sites in the country as prospective industrial areas and equip
these areas with the necessary infrastructures to encourage the inflow of domestic
and foreign investments;
Convert into alternative productive uses the Clark and Subic military reservations
and extensions, raise funds by the sale of portions of Metro Manila military camps,
apply said funds for the development and conversion to productive civilian use of
the lands covered under the 1947 Military Bases Agreement and promote the
economic and social development of Central Luzon in particular and the country in
general;
This Cluster has auditorial jurisdiction over GOCCs with operations pertaining to
agricultural and natural resources. In general, the functions of these GOCCs include the
following:
Promote the integrated growth and development of the grains industry covering rice,
corn, feed grains and other grains like sorghum, mongo, and peanut to provide food
security in the staple cereals in times and places of calamity or emergency, both
natural or man-made and to promote the stabilization of supply and prices of staple
cereals both at the farm gate and consumer levels (NFA);
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Provide prime location, quality facilities and services for businesses and to be a
strategic partner of the business sector by creating a conducive business
environment (FTI);
Promote the rapid integrated development and growth of the coconut and other palm
oil industry in all its aspects and to ensure that the coconut farmers become direct
participants in, and beneficiaries of, such development and growth (PCA);
Exercise supervision over the growth and development of the sugar industry through
greater and significant participation of the private sector and the improvement of the
working conditions of the sugar workers (SRA);
Promote the development of the fishing industry and improve the efficiency in
marketing and distribution of fish and fishery/aquatic products through the
establishment and operation of fish port complexes throughout the country (PFDA);
Improve the economic and living conditions and raise the quality of life of the
tobacco farmers including those who depend upon the industry for their livelihood;
and promote the balanced and integrated growth and development of the tobacco
industry to help make agriculture a solid base for industrialization (NTA);
Promote and undertake the development and use of technologies and systems that
complement the utilization of natural resources (NRDC);
Accelerate the flow of investments and credit resources into the countryside so as to
trigger growth and development, rural productivity and enterprises thereby
generating more livelihood and income opportunities to farmers, fisherfolks, and
other rural entrepreneurs (QUEDANCOR);
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This cluster has auditorial supervision and jurisdiction over GOCCs with operations
pertaining to social, cultural trading, promotional and other services. In general, the
functions of these GOCCs include the following:
Provision of research, training and health care benefits, medical assistance, services
and charities of national character (PCSO);
Centralization and integration of the right and authority to operate and conduct
games of chance in corporate entities to be controlled, administered and supervised
by the government
(PAGCOR);
Provision of quality health care through excellent service, training and research and
end referral center for the diagnostic treatment and rehabilitation of lung and chest
diseases (LCP);
Provision of medical services for the treatment and prevention of pediatric diseases
(PCMC);
Promotion through organization and cooperation with other agencies, the ability of
boys to do things for themselves and others, to train in scout craft and to teach
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them patriotism, courage, self-reliance, kindred virtues, using the methods which are
in common use by Boy Scout (BSOP);
Promotion of the Philippines as a retirement haven providing the best quality of life
of targeted retirees, accelerate the social-economic development of the country and
strengthen its foreign exchange position (PRA);
Establishment of micro, small and medium scale enterprises, trade fairs, special
exhibits, trade missions and other promotional activities here and abroad (CITEM);
Provision to all citizens of the Philippines with a mechanism to gain financial access
to health services and to prioritize and accelerate the provision of health services to
all Filipinos especially the segment of the population who cannot afford such
services (PHIC);
Provision of performance and exhibition venues for various local and international
productions, performances festivals, exhibitions, cultural research, outreach,
preservation, publication of materials on Philippine art and culture (CCP);
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Provision of financial and moral support to the research, teaching, training and other
programs of the School of Economics of UP (PCED);
Provision of safe, effective and affordable traditional and alternative health care
products, services and technology (PITAHC)
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The following are the significant events for CY 2017 which the Monetary Board approved
on:
1. 12 January 2017, the grant of authority to the BSP to enter into a five-year contract
with the winning vendor for the supply, implementation, post implementation
support, and maintenance of Portfolio Management System, subject to Republic Act
No. 9184 and its Revised Implementing Rules and Regulations, as well as Budget
Administration Guidelines and Policies.
2. 2 February 2017, the award to Trend and Technologies Inc. the contract for one lot -
BSP 2016 LAN Enhancement Project consisting of supply, delivery, installation,
configuration, testing and commissioning of network intrusion prevention system,
aggregation service routers, network switches, new licenses for Nexus 7010 core
switches, network UPS and IP phones, as per BSP terms and references and service
level agreement, in the total amount of PHP75.369 million, value added tax inclusive.
3. 9 March 2017, the release to the Armed Forces of the Philippines, USD1.697 million
representing the total interest income earned from the Central Bank of the
Philippines-AFP-Foreign Military Sales Principal Account.
5. 1 June 2017, the award to Automation Specialists and Power Exponents Inc. of the
contract for one lot - Service Desk Management and Personal Computer Maintenance
Services for the BSP Head Office, SPC, and Regional Offices and Branches, as per
BSP terms of reference, in the total amount of PHP67.480 million, inclusive of value
added tax, for three years.
6. 29 June 2017, the compromise settlement of the BSP' tax cases pending before the
Court of Tax Appeals covering the Taxable Years 2009 and 2010.
7. 14 September 2017, the award to Grabener Pressensysteme GmbH & Co. KG through
Machine banks Corporation of the contracts for the supply and delivery of spare parts
for 19 units of Grabener MPU 106 coin press, as per BSP technical specifications, in
the total amount of EUR1.200 million, CPT, Manila.
8. 22 September 2017, the award to Muhlbauer Gmbh and Co., KG, through Solid
Business Machines Center, Inc., the contract for one lot - supply, delivery, installation
and commissioning of one banknote sheet inspection machine, including supply and
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delivery of consumables for 18 months feedstock and wear and tear spare parts
sufficient for the inspection of 46.8 million banknote sheets, as per BSP technical
specifications and terms of reference, in the total amount of USD3.484 million,
Delivered at Place, BSP-SPC.
9. 28 September 2017, the award to Philcare Manpower Services of the contract for one
lot - supply of manpower, tools, equipment, supplies, materials and supervision for
janitorial, sanitation, hauling and other related services for the BSP SPC in the total
contract amount of PHP77.678 million inclusive of value added tax for three years.
10. 5 October 2017, the award to Royal Canadian Mint through FMC Research Solutions,
Inc. of the contract for the supply and delivery of 3,172 metric tons 1-Piso New
Generation Currency (NGC) coin metals as per BSP technical specifications in the
total amount of USD13.289 million, Delivered at Place, BSP-SPC.
11. 26 October 2017, the award to Surys, through FMC Research Solutions, Inc. of the
contract for one lot - supply and delivery of Optically Variable Device Patch, as per
BSP technical specifications and terms of conditions, in the total amount of
EUR18.155 million, delivered at Place, BSP-SPC.
12. 28 December 2017, the award to Teer Coatings Limited through Nicklaus Machinery
Corporation the contract for one lot - supply, delivery, installation and commissioning
of Physical Vapor Deposition coating machine including ancillary equipment, and
supply and delivery of consumables and wear and tear parts sufficient for 500 coating
cycles, as per BSP technical specifications and terms of reference, in the total contract
amount of USD1.500 million, Cost and Freight, Manila.
DBP Data Center, Inc. (DCI) has been continuously supporting DBP’s Information
Technology infrastructure for the past 35 years. In 2017, DCI continued to focus
primarily on assisting the Bank’s initiatives on various bank products by providing the
workforce for the development and maintenance of the Bank’s systems and applications.
Further, DCI also started to seek opportunities to increase revenues by expanding its
customer base to include government agencies and instrumentalities via an Agency-to-
Agency Agreements.
Aligned with DCI’s strategic plan, DCI pursues an aggressive business plan to deliver
high-quality services, build an excellent team, and capture competitive market share in
the industry.
1. DBP Opportunities
1.1. DBP IT Staffing - Among DCI’s core competencies is identifying the right
people suitable for augmenting the IT staffing needs of the Bank. As of
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December 31, 2017, DCI has a total of 55 strong workforce working closely
with the Bank’s IT requirements.
2. Non-DBP Opportunities
The DCI has started opportunities and negotiations on non-DBP projects focusing on
government agencies and instrumentalities such as:
2.1. Zamboanga Del Norte Medical Center – DCI provides Hospital Information
System (on-going project) with five year contract for the LGU hospitals.
2.2. Jose B. Lingad Memorial Regional Hospital – DCI offered the HIS BPO project
with a contract of five (5) years. Live-Production started in July 14, 2016.
Implementing changes to hospital processes and workflows and monitoring
End-User compliance to ensure smooth operations and correctness of data
gathered by the system.
2.3. Cooperative Development Authority (CDA) – This project involves the software
development of the Cooperative Member Registry System. Cooperatives would
be able to upload and update cooperative members to this facility provided by
CDA. Project is now ready for implementation in Production environment.
Preparing Database upload from 7 Pilot Cooperative members (CM) before roll-
out to 60 CMs. Mobile application is now activated and provides payment
services to CMs.
2.5. PNP Online Police Clearance (Cebu City) – An Online Application for
Philippine National Police (PNP) Clearance project which was piloted in Cebu
City. A system provided to PNP Cebu City at no cost to the agency through a
servicing partner that DCI engaged via Direct Contracting. It is part of the
PNP’s National Police Clearance Project implemented in Q1 of 2017.
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DBP-DCI has complied with the implementation of COA Circular No. 2016-006, the
Revised Chart of Accounts.
The NFC derives its income mainly from sale of tomato paste. In addition, NFC sells
tomato seeds at a higher price to farmers who are not contract growers. Moreover, sale of
unrefurbishable drums and pallets are sources of income, too. The plans and targets vis-à-
vis accomplishments of NFC for the Fiscal Year 2017, which were validated by the Audit
Team, are as follows:
Performance Accomplishment
Activities Indicator Target Quantity %
1. Land Campaign Production Area 813 hectares 737 91%
2. Fruit Production Fruit Volume heehhhhectares
29,240 tons 25,085 86%
3. Tomato Paste Tomato Paste Vol. hectares
4,300 tons 3,700.38 86%
Production
4. Sales Volume 3,572 tons 2,901.89 88%
Paste Prod’n.
The summary of the 2017 Corporate Performance along the Key Result Areas (KRAs) of
the Authority against CY 2016 performance levels is shown below:
2017 2016
% to % to
Key Result Areas Target Accomplishment Target Target Accomplishment Target
(1) (2) (3=2/1) (4) (5) (6=5/4)
HOUSING
PRODUCTION/
ASSISTANCE
Housing Starts 105,921 54,029 51 167,102 72,428 43
Housing Completions 112,695 82,883 74 163,262 94,895 58
New Works 10,258 28,872 281 50,965 45,783 90
Carry Over Works 102,437 54,011 53 112,297 49,112 44
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2017 2016
% to % to
Key Result Areas Target Accomplishment Target Target Accomplishment Target
(1) (2) (3=2/1) (4) (5) (6=5/4)
SALES AND
DISPOSITION
Units 56,838 19,720 35 77,734 33,173 43
Sales Value (₱'B) 7.212 1.632 23 19.559 5.462 28
The accomplishment of 82,883 units consisted of 67% housing units (55,393 units) which
registered a 49% performance level, and 33% (27,490 units) HOMA mostly for victims of
Typhoon Nona and Typhoon Lawin. The accomplishment under housing units includes
533 units transitional housing for victims of Marawi conflict.
In 2017, LWUA contributed to the achievement of the national goal of providing access to
safe water supply to 95% of the households by year 2022 through the following:
During the period, a total P438 million was provided to 123 Water Districts
nationwide in the form of loans for the improvement of water supply systems.
LWUA completed a total of forty-three (43) water supply projects nationwide with a
combined cost of P 371 million. This represents 60% of the targeted 72 projects for
completion in 2017. Moreover, 50 water supply projects are still ongoing as of year-
end.
During the year, a total of 242,000 service connections were generated by the entire
WD industry. The total number of households provided with direct access to safe
water supply reached 4.352 million as of December 2017.
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b. Made water more affordable through lower interest rate from 8% to 4%;
reduced cost of engineering studies for CY 2017 GAA projects from 6% to 3%.
The Major Financial Output (MFO) accomplishment of PPA for 2017 are as follows:
1. Port Development
Considerable amounts are apportioned from the corporate budget to port infrastructure
facilities construction and repairs and maintenance nationwide aimed at improving the
capacity, service standards, and efficiency of ports, consistent with the government’s
development agenda and strategic objectives as well as the Authority’s vision of
providing globally competitive services.
The Authority allocated Php4.638 billion to finance its LFPs for the year. As of
December, budget utilized is placed at Php4.155 billion equivalent to a percentage
utilization of 89.59%.
PPA has programmed the removal of silts at various piers and harbors under a
privatized set-up to ensure that serviceable water depths are maintained for the
safe navigation of large vessels calling at the ports. As of end of December, a total
of 493,726.00 cu.m. of silts have been removed at the following ports and harbors:
a. Tagbilaran;
b. Lamao (Bataan);
c. Roxas/Calapan (Oriental Mindoro);
d. Puerto Princesa;
e. Tubigon (Bohol); and,
f. Ormoc
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CY 2017 revised budget for dredging projects, covering carry-over and new
projects, was Php707.93 million per PPA Board Resolution No. 2645. Budget
utilization as of end of December stood at Php260.33 million equivalent to
36.77% budget utilization rate. Moreover, the accomplishments of PPA in this
area is affected by the pending resolution of issues on dumping site with DENR
and PCG, and on contract-award with COA.
Routine and preventive maintenance of port facilities are being carried out to
ensure that port infrastructures are kept at serviceable and safe condition.
To optimize the utilization of identified idle areas at the ports and generate
additional revenue, as well as to encourage the active participation of private
sectors in port services delivery, PPA issued 563 Permits to Occupy (PTOc) to
various private port owner/operator.
3. Support to Operations
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Annex C
Moreover, PPA submits to the Supreme Court Quarterly Monitoring and Progress
Report of the activities undertaken relative to the Cleaning-Up of Manila Bay
pursuant to Sections 2 and 6c of E.O. 513 and the International Convention for the
Prevention of Pollution from Ships.
Pilot roll-out of the system was completed on 22-26 May 2017 at three (3) Port
Management Offices (PMO), namely: Cagayan de Oro, Bohol, and NCR South.
PPA targeted the complete roll-out of the system in twenty-two (22) PMOs (base
ports) by end of December. E-Payment will provide port users with options to settle
their bills anywhere without carrying cash. It also reduces person-to-person
transaction and the opportunity for graft and corrupt practices.
The system design and development for Internet-based Port Operations Receipting
for Terminals (iPorts) was completed on 28 June 2017. System integration, testing,
and documentation immediately followed the completion of the system
development phase of the Project. Pilot implementation of the system was
conducted in December 2017 at two (2) Port Management Offices (PMOs), i.e.
PMOs NCR North and NCR South.
JHMC President and CEO, Allan R. Garcia and BCDA President and CEO Vivencio
B. Dizon signed the Revised Performance Agreement (PA) on 13 February 2017. The
PA is for 5 years commencing on the date of execution and subject to renewal every 5
years thereafter. The PA states that JHMC will earn an annual Estate Management Fee
for its management of the estate of Camp John Hay and retain income/revenues
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realized at the Historical Core and retention of Common Usage Service Area
Fees from its locators. The terms of compensation will allow JHMC to be more
flexible in its allocation of annual budget and an opportunity to increase its income.
2. JHMC Passed the Surveillance Audit by AJA Registrars for the Quality Management
System (QMS) Related to JHMC’s Accreditation for ISO 9001-2008
Number of jobs generated in the John Hay Special Economic Zone (JHSEZ)
increased from CY2016 of 5,523 to 5,830 for CY2017. It is clear that the JHSEZ
contributes to the resolution of unemployment in the City of Baguio and the in
the Municipalities of La Trinidad, Itogon, Sablan, Tuba and Tublay (BLISTT).
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Economic activities are very vibrant within the JHSEZ where the gross sales of all
locators totaled ₱967,475,904.67, compared to 2016 of ₱875,570,000.00.
Camp John Hay has maintained its stature as the “Protected Lungs of Baguio City”.
For the past years, because of its rich forests, the air quality has been within the
highest strata of being in the “GOOD” Air Quality Index (0 - 54μg/ncm). This could
be attributed to sound Forest and Environment Protection and Management in JHSEZ
and John Hay Reservation Area.
92.79% of the Respondents rated JHMC as Excellent and/or Very Satisfactory in its
delivery of services for governmental regulation in the JHSEZ and JHRA. JHMC will
continue to measure and sustain customer/client satisfaction as a source of input to
improve the organization services in general.
Despite limited area of the Historical Core, and challenges in further construction and
development within the JHSEZ, JHMC realized internally generated
income/revenue of ₱9,015,836.00. This amount represents revenues generated from
regulatory fees, conduct of events and entrance fees at the Historical Core, and interest
income.
The MIAA corporate thrusts and objectives aim for the continued implementation and
development of projects with Key Results Area (KRA) for passengers’ safety, security,
comfort and welfare. The following are the major projects, P5 million and above,
completed in CY 2017:
2. Purchase of two units Aircraft Rescue and Fire Fighting Major Foam Vehicles
(6x6);
6. Supply of Labor and Materials for the Replacement of Cooling Coils of Eleven
Air Handling Units at Terminal 3;
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9. Supply of Labor and Materials for the Replacement of Cooling Coils at 16 Air
Handling Units at NAIA Terminal 3;
The MIAA has successfully adopted a QMS Program that resulted in the ISO 9001: 2008
certification of passenger facilitation processes at Terminals 1, 2 and 3 since 2010.
Total economic zone investments approved from January 1 to December 31, 2017
amounted to P237.570 billion (locators and developers), or an increase of 8.89 per cent,
compared to approved investments in 2016 of P218.176 billion. The top five
investments in 2017 are the new projects of existing registered enterprises, to wit:
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For the year 2017, the PEZA Board approved and granted pre-qualification clearance to
developers/operators of 78 economic zones all over the country, subject to the issuance of
the required Presidential Proclamation. Of the 78 approved economic zones, 50 are
Information Technology Centers; 15 Information Technology Parks; 3 Agro-Industrial
Economic Zones; and 10 Manufacturing Economic Zones.
PEZA has been certified since 2008 and is currently on the fourth cycle in its ISO
Certification. The Anglo Japanese American (AJA) Registrars/United Kingdom
Accreditation Services (UKAS) is the certifying body of PEZA’s certification since 2008.
The scope of certification is for “All PEZA Processes in the PEZA Special Economic
Zones (SEZs), Information Technology (IT) Parks/Centers nationwide (Business
Registration/Permits, Zone Enterprise Operations, Incentives Administration, Zone Estate
Administration and Administrative Services).”
1. Ongoing testing of the redeveloped Head Office and Ecozones systems: Billing
and Collection System (BCS) and Engineering Permits & Assessment Monitoring
System (EPAMS) to replace existing Oracle-based systems;
4. Development of the online reporting system on union and labor issues of PEZA-
registered enterprises for IRD;
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NIA pursued the implementation of 2,072 infrastructure projects for CY 2017. Of the
total number, 1,214 projects are in Luzon, 423 in Visayas, and 435 in Mindanao. Other
activities for the year were planning and development of irrigation projects, repair,
rehabilitation, and restoration projects of national and communal irrigation systems,
organization and development of irrigators associations (IAs), implementation and
monitoring of Irrigation Management Transfer (IMT), and execution and monitoring of
climate change adaptation works.
Planning and Development of Irrigation Projects
Under the CY 2017 Irrigation Program as per RA 10924, NIA implemented three (3)
continuing FAPs. These were the (1) Participatory Irrigation Development Project
(Phase I, nationwide), (2) National Irrigation Sector Rehabilitation Project (covering
Regions 1, 3, 4-A, 4-B, 6, 10, 11, 12 and 13), and (3) Jalaur River Multipurpose
Project Stage II in Iloilo. These projects have an aggregate total funding requirement
of ₱3.17B equivalent to eight (8) percent of the total approved budget of ₱38.38B.
As of December 31, 2017, these projects restored 133 hectares, repaired 117.16
kilometers earth canal, 26.61 kilometers of canal lining, and 41 units of canal
structures. These included accomplishments under the CY 2017 Program and carry-
over projects.
Some 2,058 LFPs were implemented under the CY 2017 Program. The total approved
allocation for these projects was ₱35.21 B, equivalent to 92% of the approved budget
for NIA. Allotment through Agency Budget Matrix (ABM) was ₱35.21 B or 100
percent of the allocation. Adding the ₱10.34B unobligated balance from previous
year’s allotment, this year’s available allotment was ₱45.55 B but the total obligation
was ₱42.46 B.
Physical accomplishments under the CY 2017 Program were: 8,796 hectares new area
generated, 9,538 hectares of area restored and repair of 274.07 kilometers earth canal,
1,104.68 kilometers of canal lining, 178 kilometers of HDPE, 290,232 square meters
of coconet slope protection area, 20.45 kilometers concrete of road, 61.92 kilometers
of gravel road, and 3,153 units of canal structure. Carry- over projects generated 2,345
hectares of new area, restore 289 hectares and repair 15.83 kilometers earth canal,
186.79 kilometers of canal lining, 5,852 square meters of coconet slope protection
area, 2.94 kilometers of concrete road, 6.97 kilometers of gravel road, and 498 units of
canal structure
a. Small Reservoir Irrigation Projects (SRIP) – SRIPs are multi-oriented projects that
require the identification, investigation, validation, feasibility studies, detailed
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Annex C
There are 42 projects implemented this CY 2017, with a target area of 430
hectares of new area and 531 hectares for restoration to benefit around 640
farmer- beneficiaries. There were 23 projects completed with generated new area
of 281 hectares and 303 hectares of restored area. Repair works dwelt on 0.68
kilometer of earth canal, 30.83 kilometers of canal lining and 40 units of canal
structures. The remaining 19 projects are expected for completion on or before
June 30, 2018.
c. Convergence Projects
Of these, 17 projects with Detailed Design and Program of Works were already
submitted for review and recommendation for approval by MinSAAD PMO and
two (2) projects are for final submission of revised D/D and POW as agreed by
and between DAR MinSAAD CPMO, and CARP-IC PMO. Nineteen (19)
irrigation projects have been approved for funding by Sub-Project Approval
Committee (SAC) for implementation.
Of the 17 projects approved by SAC for construction, two (2) projects were
already completed, five (5) irrigation sub-projects were on-going, three (3)
projects for contract award, and seven (7) projects for contract procurement.
The hydropower development efforts deal with the establishment and operations
of hydropower plants within NIA-owned/administered irrigation systems; tap
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Annex C
As of December 31, 2017, there are four (4) Hydropower Projects completed and
operational.
1. System Management
a. National Irrigation Systems (NISs) – For this crop year the irrigation-
programmed service area is 1,188,164 hectares. Irrigated area was 597,259
hectares during the dry season 2016 (November 2016 to April 2017), 633,443
hectares during the wet season 2017 (May 2017 to October 2017), and 15,538
hectares for the third crop 2017 – equivalent to a total of 1,246,240 hectares (105
percent of the irrigation-programmed service area). Cropping intensity achieved
was 146.86 percent based on the service area or 166.43 percent based on the
FUSA.
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Annex C
as of December 31, 2017 for NIS and CIS are 69.78 percent and 76.04 percent,
respectively.
b. Coconet Slope Protection Project In NIS/CIS – The NIA Board Resolution No.
8190-15 Series of 2015 confirms and approves the Memorandum of Agreement
(MOA) among OPAFSAM, DPWH, NIA, and PCA on the convergence and
integration on the use of coconut coir in government infrastructure projects to
increase coco coir production and thereby increasing the income of coconut
farmers and generating more jobs in the countryside.
Through the supportive effort of the Agency and in collaboration with other
government agencies relative to the “Coconet Slope Protection in NIS and CIS”
(Bio-Engineering Technology), NIA was blessed and provided with ₱222.049 M
under Republic Act No. 10924 otherwise known as the General Appropriation
Act for CY2017 for this project. NIA accomplished 290,231.85sqm. of coconet
slope protection area as of December 31, 2017. The overall Physical
Accomplishment is 80.38 percent.
As the lead agency for rice R4D (Research for Development) initiatives, PhilRice
develops rice science and technology, and generates information and other products
through various programs, creating opportunities to improve the competitiveness of the
Filipino rice farmer and the Philippine rice industry.
1. Rice varieties developed and approved by the National Seed Industry Council (NSIC)
– A total of 13 (3 inbred and 10 hybrid) rice varieties were developed and approved by
the National Seed Industry Council (NSIC) for commercial production. These new
varieties have higher yields, better grain quality and resistance against major pests and
diseases than existing varieties as follows:
Ave Max.
Local Breeding
NSIC Name Yield Yield Recommended Domain
Name Institution
(t/ha) (t/ha)
IRRIGATED LOWLAND (Special Purpose)
NSIC 2017 Rc482SR Japonica 5 PhilRice 3.5 6.8 National, Specialty Rice
NSIC 2017 Rc484SR Japonica 6 IRRI 4.0 6.7 National, Specialty Rice
NSIC 2017 Rc31SR Malagkit 6 PhilRice 4.7 10.8 National, Specialty Rice
IRRIGATED LOWLAND (Hybrid)
NSIC 2017 Rc486H Mestiso 80 Long Ping 6.5 13.9 Regional: Luzon
Regional: Visayas &
NSIC 2017 Rc488H Mestiso 81 SL-Agritech 6.1 12.3
Mindanao
NSIC 2017 Rc490H Mestiso 82 PhilSCAT 6.2 11.9 Regional: Luzon and Visayas
NSIC 2017 Rc492H Mestiso 83 Pioneer 6.2 12.5 Regional: Visayas
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Annex C
Ave Max.
Local Breeding
NSIC Name Yield Yield Recommended Domain
Name Institution
(t/ha) (t/ha)
NSIC 2017 Rc494H Mestiso 84 Bayer 6.0 12.6 Regional: Mindanao
IRRIGATED LOWLAND (Hybrid)
NSIC 2017 Rc496H Mestiso 85 Syngenta 6.5 10.0 Regional: Luzon
Regional: Visayas &
NSIC 2017 Rc498H Mestiso 86 Syngenta 6.9 10.9
Mindanao
NSIC 2017 Rc500H Mestiso 87 Syngenta 6.7 10.5 Regional: Visayas
NSIC 2017 Rc502H Mestiso 88 Bayer 6.2 12.5 Regional: Luzon
NSIC 2017 Rc504H Mestiso 89 IRRI 6.4 10.1 Regional: Visayas
Nutrient-Rich Rice Blends Using Local Food Crops – Results of the optimization
process showed that both transparent polypropylene and aluminum-coated pouches
withstood temperature and pressure during the retort-processing of rice-adlai and
rice:corn meals. Both pouches also did not impart any residual off-odor and off-taste
to the products. The use of 0.1% malic acid was found suitable as antimicrobial agent
due to its subtle acidity. Moreover, three rice:adlai and/or rice:corn blend products,
namely, energy bar, hopia, and soft cookies, were developed and characterized. Shelf-
life evaluation of the rice:adlai energy bar showed that the product remained
acceptable up to eight weeks at room temperature in both pouches without the
addition of preservative.
a. Stripper combine harvester – Two field tests gave an average actual field capacity
of 1.02 ha/day and an average field efficiency of 54.15%, with average grain losses
at only 7.8%. These were affected by factors such as variety of rice, crop height,
operating speed, width of cut, shape and size of the field, crop and field conditions,
and the skill of the operator.
b. Riding boat tiller – The overall weight of the 2nd prototype increased by 50 kg
due to the added new features. Improvements are being made on the following
parts: adjustable operator’s seat, outrigger adjustment, positioning of lever controls,
weight reduction of rotor and transmission, and inclusion of plastic floater.
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Annex C
Six complete sets of the CtRH carbonize with attachment for pasteurizing mushroom
fruiting bags had been established in six farmer cooperatives/associations in Nueva
Ecija, Bulacan, Aurora, Pampanga, and Pangasinan. Two of them are already
operational.
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Annex C
For FY 2017, PhilRice implemented 114 projects nationwide that are discipline-based,
impact- oriented, and partnership-driven. The 114 R4D projects implemented
nationwide in partnership with DA research centers, state colleges and universities,
government and non-government organizations:
With the aim of expanding the global presence of the SMEs through export trade
platforms and capability building programs, CITEM organized a total of 18 projects in
2017, composed of 6 Signature Events and one new event for the Creative Sector in
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Annex C
A total of 2,328 MSMEs were linked to 15,308 local and international potential trade
partners around the world, which resulted to US$484.839 Min reported export sales
(booked and under negotiation) and PhP525.55M in combined domestic and retail sales
for the participating SMEs. The agency generated over Php600.00 million of publicity
value from its projects. Among were the following:
1. Manila Fame April And October: Asia's Design & Lifestyle Event
Considered as the country's premier design and lifestyle event, Manila FAME is a bi-
annual showcase of craftsmanship, design innovation, and artisanship in Philippine
products. It features finely selected furniture and home furnishings, holiday gifts and
decor, and fashion accessories designed and crafted in the Philippines for the global
market.
Manila FAME is the second longest-running trade show in the Asia-Pacific, and is the
only trade event in the country that is approved by Union des Foires lnternationales
(UFI), or the Global Association of the Exhibition Industry, a Paris-based association
of trade fair organizers founded 90 years ago in Milan, Italy in April 1925.
The 55th Manila FAME (April 2017) was participated in by 287 companies, including
15 foreign exhibitors. Initial reported export sales generated is US$5.301M while total
Business to Business (828) domestic orders reached PhP20.296 Million.
For its 66th edition, Manila FAME stripped down to its roots and presented a show
built upon the intertwine of the country's rich cultural heritage, design ingenuity,
sustainability, and cause driven developmental programs. While this edition was not
without its challenges and controversies, the show remained and will continue to
remain true to its core -to uphold and promote Filipino design excellence from the
Philippines to the world. The 55th Manila FAME embraced a highly diverse collective
of more than 400 exhibitors representing all 16 regions of the country from expert
exporters to emerging micro and small enterprises, making Manila FAME a true home
and launchpad of Filipino artisans and creatives. More than 1,200 sustainable and
globally-trendy merchandise, designed and developed under the direction of leading
Philippine and international designers, were launched exclusively at Manila FAME
October 2017.
2. International Food Exhibition (Ifex) Philippines: Asia's Ethnic Food & Ingredients
Show
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The maiden edition of CREATE Philippines was successfully staged alongside the 66th
edition of the Manila FAME on 20-22 October 2017 at the Philippine Trade Training
Center and Hall ONE.
With an end in mind of stirring the stakeholders of the Philippines' creative industries
towards a common objective which is "Developing an International Market for the
Filipino Creative Content and Talents", the event brought together though leaders,
international influencers, practitioners of the various creative disciplines, the academe,
and students in the 3-day forum and exhibition.
The event aimed to engage the local creative industries, develop stronger public-
private partnerships, and establish more networks with global partners.
In line with the Philippines' hosting of the ASEAN Summit which coincides with the
ASEAN's 50th founding anniversary, CREATE Philippines was included as an official
ASEAN side-event under the Committee on Business and Investment Promotion
(CBIP) which is chaired by DTI Undersecretary Nora K. Terrado. The event hosted 8
exhibitors from Malaysia, Indonesia, Vietnam, Thailand, Brunei, Myanmar and
Singapore and featured 3 speakers from Thailand and Malaysia.
4. Overseas Trade Fairs – In leading the official participations in overseas trade fairs and
missions, CITEM sustained its "One Brand, One Image, One Message" strategy
through its unifying industry brands, Design Philippines, Lifestyle Philippines, and
Food Philippines providing rich opportunities for Philippine exporters and designers to
promote their new products and material innovations, as well as, to forge strategic
partnerships with potential buyers and business partners. Design Philippines positions
the Philippines as a sourcing destination for finely crafted products for the world
market, nurturing and celebrating the creativity and originality of a globally
competitive and passionate community of Filipino designers and craftsmen. Projects
undertaken under Design Philippines are as follows:
Food Philippines is the industry brand for the food sector which unifies the overseas
promotional efforts of the Philippine Department of Trade and Industry (DTI) and
CITEM. Under this brand, the Philippines is positioned as Asia's most exciting
sourcing destination for food exports, being one of the world's top producers of fresh
fruits and marine products. CITEM organized Philippine participation in the following
shows:
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Annex C
In 2017. Phil Health already covered 93% of the projected population which is about
96.97 million principal members and dependents out of the 104.52 million projected
population. It has able to provide benefit entitlement to every Filipino particularly those
who do not have the capacity to pay for health care services at the time of hospitalization.
Among the major accomplishments were:
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Annex C
A benefit package for developmental disability which includes services for proper
diagnosis and provision of specific and individualized plans for therapy services
has been developed for children with hearing, visual and mobility impairment.
The benefits were developed to help address part, if not all, of the health care
needs of children with disabilities. This move is also in support to the Department
of Health's (DOH) expanded national program for disabled person .
By increasing the package rate of this benefit package, PhilHealth can now ensure
that the mandatory services covering the entire treatment phases are provided.
Filipino children suffering from acute lyrnphocytic leukemia now have the
opportunity to receive comprehensive management disease and achieve the
survival status that is comparable to western counterparts.
For this year, a total of fourteen (14) researches were completed. To implement these
researches, PITAHC partnered with the academes and research institutions such as;
University of the Philippines- Manila, University of Santo Tomas, Department of Health-
National Children’s Hospital, UP Open University, St. Luke’s College of Medicine,
department of Health-Lung Center of the Philippines, University of the Philippines Los
Banos, Ateneo de Manila University, and Mindanao State University-Iligan City.
The following are the research projects that were completed in 2017.
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Annex C
The study may serve as scientific proof of the regenerative agents against animal
models of the aforesaid blood disorders. Positive outcome may be utilized to
formulate different dosage forms that will address these in children and adults.
This study aims to utilize DNA bar coding in the authentication of Antidesmabunius
derived products. Moreover, it will establish the distinctness of A. bunuis following
the DNA bar coding multi-locus/tiered approach. The study will distinguish the
characteristics of A. bunuis from closely related species available in the Philippines.
It will also authenticate at least five (5) herbal products available in the market
following the BLASTn criterion and Maximum-likelihood tree construction criterion
in authentication of A. bunion based products.
The research will look into the association between consumption of fermented rice
wine (Tapuy) and lees with Alzheimer Disease and early signs of dementia. Further,
it will determine the nutritional profile, bioactivity and probiotic potential of rice
wine and the fermented rice leftover (lees) from the Cordillera Autonomous Region
using in vivo model.
One of the popular local herbs being utilized as an alternative medicine is the highly
controversial Cannabis sativum, commonly known as marijuana. The plant contains
the mind altering chemical delta-9-tetrahydrocannabinol (THC) and other related
compounds.
The study aims to document existing practices on the production, processing, and use
of medical Cannabis. The study will determine and identify the type of Cannabis
plant in selected sites in the regions, describe processes in planting, gathering, and
transforming the plant into different forms for medical use. It will list and describe
the different ways and forms on how Cannabis is used as medicine. The study will
enumerate the expected and reported effects of use, both positive and negative, and
describe how negative effects are managed. It will determine the bearers of
knowledge in preparing medical Cannabis, the dispensers or healers and their
practices.
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Annex C
Agusan Manobo in Selected Municipalities and City of Agusan del Sur, Mindanao,
Philippines
Little is known of the folk medical information among the ethnic tribes in certain
areas of Mindanao, particularly of the Manobos of Agusan del Sur. Their widely
dispersed communities in highlands above the mountain drainage systems may imply
a significant ecological niche for their indigenous plants. It is highly important to
recognize the role of ethnobotany and species identification in conservation of these
plant genetic resources with medicinal properties.
This project aims to prepare Volume 3 in this Encyclopedia series, focusing on the
next thirty (30) common medicinal plants of the Philippines. The book will provide
updated fundamental scientific information on these Philippine medicinal plants
using peer-reviewed research journal sources and reliable primary sources.
Most medicinal plants are found in primary forests. But these medicinal plants are
threatened with endangerment due to large-scale forest destruction and over-
collection. The study aims to increase the diversity of germplasm collections through
collecting, multiplication, and conservation of plants, morphological characterization
and evaluation, and construction of database information management system and
dissemination of information on medicinal plants germplasm collection.
The results of the study will be beneficial to the Philippine Health Care Program to
help address preoperative anxiety, shortening the period of recovery by improvement
in the over-all surgical recovery at a lesser cost.
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Annex C
suggested protocols for smoking cessation, the five points National Acupuncture
Detoxification (NADA) protocol is the most widely adopted.
The study will have a national impact since success in smoking cessation will
decrease smoking-related morbidities and mortalities leading to enhancement of
health and reduction in the budget spent for said diseases by the government. This
study aims to determine the effect of ear acupuncture using the NADA Protocol
versus sham ear acupuncture in the reduction of the mean number of cigarettes
smoked per day. The mean reduction using Fagerstrom Test for Nicotine
Dependence (FTND) will also be determined. The study will list the presence of:
change in the taste of cigarette, changes in smell and body warmth and withdrawal
symptoms.
The study aims to assess the level of knowledge, attitude, and practices on herbal
medicine among physicians in Northern Mindanao (Bukidnon, Lanao del Norte,
Misamis Oriental, Camiguin, and Misamis Occidental). The results of the project
will be useful in establishing education and training programs, benchmarks, and
implementation capacities for T&CM practitioners. This will also contribute in
building knowledge-based for active management of herbal medicine through
appropriate national policies by understanding the role and potential of the physician
in the integration of herbal medicine in the national health care delivery system.
The study aims to gather data on published and unpublished researches on traditional
and complementary medicine from schools, colleges, universities, and institutions in
different regions of the country. The collected data shall be stored into the repository
of researches www.herbs.ph and www.tkdlph.com. The purpose of this project is to
prevent duplication of work and to have an inventory of researches in T&CM.
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Annex C
The Purpose of this research is to reveal existing relevant patents as well as non-
patent literatures (the "landscape") relating to medical cannabis. This landscape will
align the research and development strategic plans of the Philippine Institute of
Traditional and Alternative Health Care (PITAHC) for its program Maximizing the
Health and Economic Benefits of Indigenous Oil from Medical Cannabis.
For this search, patents that use and/or relate to cannabinoid that acts on cannabinoid
receptors are included. Patents relating to cannabinoid receptors only are not
included since they do not use components found in Cannabis.
The study aims to build local capacity for PTM research, increase research base for
integration of PTM into the national health care system, support policy makers for
PTM integration, support indigenous cultural communities in integrating indigenous
health practices into the IP curriculum.
The study will make PTM research accessible by building a georeferenced directory
of research materials, researchers, research institutions in national, local, and
community.
14. The traditional Medicinal Plants Utilized by the Mamanwas of Agusan and Surigao
Provinces and the Subanens of Lake Duminagat, Mt. Malindang, Misamis
Occidental, Philippines: Ethnobotanical Survey In Vitro Propagation and
Ethnopharmacological Studies
For 2017, a total of one hundred forty five (145) social advocacy activities such as
orientation-seminars, lectures, demonstrations, public appearances, and participation to
exhibits were carried out. The recent use of print media in partnership with a local media
partner gained impetus on PITAHC’s branding, a leader in traditional and alternative
health care.
For the last five years, PITAHC certified TAHC practitioners and accredited clinics,
training centers and organizations. This is to ensure the general public that these
practitioners and facilities comply with the standards set by the Institute. Continuous
monitoring visits were conducted to certified TAHC practitioners and clinics and centers.
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Annex C
For 2017, a total of 82 acupuncturists and three chiropractors were certified and two
acupuncture clinics were accredited. There are now a total of 858 certified acupuncturists,
37 chiropractors, 32 homeopaths/homotoxicologists and 15 naturopaths certified by
PITAHC as of December 2017. Also, there are now 30 acupuncture, five
homeopaths/homotoxicologists, one naturopaths clinics accredited; eight acupuncture, one
homeopaths/homotoxicologists, three (3) naturopaths training centers; seven acupuncture,
one homeopaths/homotoxicologists TAHC organizations accredited.
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Annex D
List of Government Corporations with Acronyms and Status of Audit
as of December 31, 2017
Parent/
Non-
Name of Government Corporations Acronym Controlling GBE Status of Audit
GBE
Entity
7 DBP Data Center, Inc. DCI DBP With Annual Audit Report issued
8 DBP Leasing Corporation DBPLC DBP With Annual Audit Report issued
9 DBP Management Corporation DBPMC DBP With Annual Audit Report issued
10 Land Bank of the Philippines LBP With Annual Audit Report issued
11 Landbank Countryside Development Foundation, Inc. LCDFI LBP With Annual Audit Report issued
12 Land Bank Resources and Development Corporation LBRDC LBP With Annual Audit Report issued
13 LBP Insurance Brokerage, Inc. LIBI LBP With Annual Audit Report issued
14 LBP Leasing and Finance Corporation LLFC LBP With Annual Audit Report issued
15 Masaganang Sakahan, Inc. MSI LBP With Annual Audit Report issued
16 People's Credit and Finance Corporation PCFC LBP With Annual Audit Report issued
17 National Livelihood Development Corporation NLDC LBP With Annual Audit Report issued
18 Northern Food Corporation NFC NLDC With Annual Audit Report issued
19 Philippine Deposit Insurance Corporation PDIC With Annual Audit Report issued
20 Philippine Postal Savings Bank, Inc. PPSBI PPC With Annual Audit Report issued
Annex D
Parent/
Non-
Name of Government Corporations Acronym Controlling GBE Status of Audit
GBE
Entity
1 AFP Retirement and Separation Benefits System AFPRSBS With Annual Audit Report issued
3 Employees’ Compensation Commission ECC With Annual Audit Report issued
2 Southern Utilities Management Services, Inc. SUMSI AFPRSBS With Annual Audit Report issued
4 Government Service Insurance System GSIS With Annual Audit Report issued
5 Home Development Mutual Fund HDMF With Annual Audit Report issued
6 Home Guaranty Corporation HGC With Annual Audit Report issued
7 National Home Mortgage Finance Corporation NHMFC With Annual Audit Report issued
8 Social Housing Finance Corporation SHFC NHMFC With Annual Audit Report issued
9 National Housing Authority NHA With Annual Audit Report issued
10 Occupational Safety and Health Center OSHC With Annual Audit Report issued
192
11 Palacio Del Gobernador Condominium Corporation PDGCC With Annual Audit Report issued
12 Small Business Guarantee and Finance Corporation SBGFC With Annual Audit Report issued
13 Social Security System SSS With Annual Audit Report issued
14 Trade and Investment Development Corporation of the TIDCORP/ With Annual Audit Report issued
Philippines PhilEXIM
1 APO Production Unit, Inc. APO With Annual Audit Report issued
2 Light Rail Transit Authority LRTA With Annual Audit Report issued
3 Local Water Utilities Administration LWUA With Annual Audit Report issued
4 Metropolitan Waterworks & Sewerage System MWSS With Annual Audit Report issued
5 National Electrification Administration NEA With Annual Audit Report issued
6 National Power Corporation NPC With Annual Audit Report issued
7 Philippine National Oil Company PNOC With Annual Audit Report issued
8 PNOC Alternative Fuels Corporation PAFC PNOC With Annual Audit Report issued
Annex D
Parent/
Non-
Name of Government Corporations Acronym Controlling GBE Status of Audit
GBE
Entity
9 PNOC Development and Management Corporation PDMC PNOC With Annual Audit Report issued
10 PNOC Exploration Corporation PNOC-EC PNOC With Annual Audit Report issued
11 PNOC Renewables Corporation PRC PNOC With Annual Audit Report issued
12 PNOC Shipping and Transport Corporation PSTC PNOC With Annual Audit Report issued
13 Philippine National Railways PNR With Annual Audit Report issued
14 Philippine Ports Authority PPA With Annual Audit Report issued
15 Philippine Postal Corporation PPC With Annual Audit Report issued
16 Power Sector Assets & Liabilities Management Corporation PSALM With Annual Audit Report issued
17 National Transmission Corporation TransCo PSALM With Annual Audit Report issued
18 Cebu Ports Authority CPA With Annual Audit Report issued
19 Panay Railways, Inc. PRI With Annual Audit Report issued
193
1 Aurora Pacific Economic Zone and Freeport Authority APECO With Annual Audit Report issued
2 Authority of the Freeport Area of Bataan AFAB(BEPZ) With Annual Audit Report issued
3 Bases Conversion and Development Authority BCDA With Annual Audit Report issued
4 BCDA Management and Holdings, Incorporated BMHI BCDA With Annual Audit Report issued
5 Clark Development Corporation CDC BCDA With Annual Audit Report issued
6 Subic-Clark Alliance for Development SCAD With Annual Audit Report issued
7 Clark International Airport Corporation CIAC BCDA With Annual Audit Report issued
8 John Hay Management Corporation JHMC BCDA With Annual Audit Report issued
9 North Luzon Railways Corporation NORTHRAIL BCDA With Annual Audit Report issued
10 Poro Point Management Corporation PPMC BCDA With Annual Audit Report issued
11 Cagayan Economic Zone Authority CEZA With Annual Audit Report issued
12 Northeastern Luzon Pacific Coastal Service, Incorporated NLPCSI With Annual Audit Report issued
13 Civil Aviation Authority of the Philippines CAAP With Annual Audit Report issued
14 Laguna Lake Development Authority LLDA With Annual Audit Report issued
15 Mactan-Cebu International Airport Authority MCIAA Annual Audit Report unsubmitted
Annex D
Parent/
Non-
Name of Government Corporations Acronym Controlling GBE Status of Audit
GBE
Entity
16 Manila International Airport Authority MIAA With Annual Audit Report issued
17 Marawi Resort Hotels, Incorporated MRHI With Annual Audit Report issued
18 National Development Company NDC With Annual Audit Report issued
19 Batangas Land Company, Incorporated BLCI NDC With Annual Audit Report issued
20 First Cavite Industrial Estate, Incorporated FCIEI NDC With Annual Audit Report issued
21 GY Realty Estate, Incorporated GYREI NDC With Annual Audit Report issued
22 Inter-Island Gas Services, Incorporated IIGSI NDC With Annual Audit Report issued
23 Kamayan Realty Corporation KRC NDC With Annual Audit Report issued
24 Manila Gas Corporation MGC NDC With Annual Audit Report issued
25 NDC-Philippine Infrastructure Corporation NPIC NDC With Annual Audit Report issued
26 Pinagkaisa Realty Corporation PRC NDC With Annual Audit Report issued
27 Partido Development Administration PDA With Annual Audit Report issued
194
11 Natural Resources Development Corporation NRDC With Annual Audit Report issued
12 Philippine Mining Development Corporation PMDC NRDC With Annual Audit Report issued
13 Philippine Crop Insurance Corporation PCIC With Annual Audit Report issued
14 Quedan and Rural Credit Guarantee Corporation QUEDANCOR With Management Letter issued
15 Philippine Rice Research Institute PRRI With Annual Audit Report issued
16 Bukidnon Forests, Inc. BFI With Management Letter issued
1 Philippine Charity Sweepstakes Office PCSO With Annual Audit Report issued
2 Philippine Amusement and Gaming Corporation PAGCOR With Annual Audit Report issued
3 Lung Center of the Philippines LCP With Annual Audit Report issued
4 National Kidney and Transplant Institute NKTI With Annual Audit Report issued
5 Philippine Children's Medical Center PCMC With Annual Audit Report issued
6 Philippine Heart Center PHC With Annual Audit Report issued
7 Boy Scouts of the Philippines BSoP With Annual Audit Report issued
8 Philippine Retirement Authority PRA With Annual Audit Report issued
Annex D
Parent/
Non-
Name of Government Corporations Acronym Controlling GBE Status of Audit
GBE
Entity
21 People's Television Network, Inc. PTNI With Annual Audit Report issued
22 Philippine Center on Economic Development PCED With Annual Audit Report issued
23 Philippine Institute for Development Studies PIDS With Annual Audit Report issued
24 Philippine Institute of Traditional and Alternative Health Care PITAHC With Annual Audit Report issued
No Name of Government Corporations ACRONYM PARENT GBE Non -GBE PFRS/ PAS PPSAS GAAP NGAS
TOTAL 83 44 72 34 18 3
1 AFP Retirement and Separation Benefits System AFPRSBS 1 1
2 Alabang Sto. Tomas Development, Inc. ASDI PNCC 1 1
3 Al-Amanah Islamic Investment Bank of the Philippines AAIIBP DBP 1 1
4 APO Production Unit, Inc. APO 1 1
5 Aurora Pacific Economic Zone Authority and Freeport Authority APECO 1 1
6 Authority of the Freeport Area of Bataan AFAB 1 1
7 Bangko Sentral ng Pilipinas (w/ Philippine International Convention Center, Inc.) BSP 1 1
8 Bases Conversion and Development Authority BCDA 1 1
9 Batangas Land Company, Inc. BLCI NDC 1 1
10 BCDA Management and Holdings, Inc. BMHI BCDA 1 1
11 Boy Scouts of the Philippines BSoP 1 1
12 Cagayan Economic Zone Authority CEZA 1 1
197
201
PART IV
SUMMARY
OF
AUDIT RESULTS
Part IV
Summary of Audit Results
Pursuant to Section 4, Article IX-D of the Philippine Constitution, the Commission on Audit
shall submit to the President and the Congress, within the time fixed by law, an annual report
covering the financial condition and operation of the Government, its subdivisions, agencies,
and instrumentalities, including government-owned or controlled corporations, and non-
governmental entities subject to its audit, and recommend measures necessary to improve
their effectiveness and efficiency.
The annual report is a consolidation of Annual Audit Reports (AARs) for the calendar year
ended submitted by the heads of the auditing units, through the Commission, to the head and
the governing body of the agency concerned pursuant to Section 43(2) of P.D. 1445.
The respective GC Management is responsible in the: (a) preparation and fair presentation of
the financial statements in accordance with the adopted applicable financial reporting
framework; (b) design, installation and implementation of internal control system necessary
to ensure that the financial statements are free from material misstatement, whether due to
fraud or error; and (c) assessment, and disclosure as applicable, of the GC’s ability to
continue as a going concern.
The primary purpose of the examination of the financial statements conducted by the
Commission on Audit is to render/express an opinion on these financial statements based on
the results of audit. Such audits are in accordance with the requirements of the Philippine
Public Sector Standards on Auditing/International Standards of Supreme Audit Institutions
(ISSAIs) and the pertinent provisions of P.D. 1445. These standards mandate that the audit
comply with the ethical requirements, and that they are planned and performed to obtain
reasonable assurance that the financial statements as a whole are free from material
misstatements.
In accordance with ISSAIs and in the exercise of professional judgment and professional
skepticism throughout the audit, the auditor shall: (a) identify and assess the risk of material
misstatement of the financial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for the opinion on the fairness of presentation of the financial
statements; (b) obtain an understanding of internal control relevant to the audit in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness on such internal controls; (c) evaluate the
appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by management; and (d) evaluate the overall presentation,
structure and contents of the financial statements including the disclosures, and whether the
financial statements represent the underlying transactions and events in a manner that
achieves fair presentation.
The audit of the accounts and transactions of GCs, also includes the following: (a) conduct
of compliance or regularity audit to determine that transactions and operations are carried out
and completed in accordance with the applicable laws, rules and regulations particularly on
the prevention of irregular, illegal, unnecessary, excessive, extravagant, or unconscionable
202
expenditures; and (b) conduct of value for money or performance audit to ascertain the
economy, efficiency and effectiveness in the manner in which agency programs, activities
and projects are carried out.
The AAR includes: (a) expressing an independent auditor’s opinion on the financial
statements; (b) audit observations together with the corresponding recommendations that
provide value-added measures expected to enhance financial reporting, ensure compliance
with pertinent government laws/rules/regulations and enjoin economical, efficient and
effective conduct of government operations; and (c) status of implementation of prior years’
audit recommendations.
The individual AARs on the GCs are published in the COA website at
http://www.coa.gov.ph. These reports provide more detailed information and discussion on
the: results of the audit of the financial statements or accounts and transactions of the GCs;
audit observations and the corresponding recommendations specific to each auditee; as well
as the status of implementation of previous years’ audit recommendations.
203
Unqualified Qualified Adverse Disclaimer
“U” “Q” “A” “D”
Standards and sufficient vasive. The Auditor
Philippine appropriate audit disclaims an
Accounting evidence on which opinion when, in
Standards. to base the audit extremely rare
opinion, but circumstances
concludes that the involving multiple
possible effects on uncertainties, the
the financial state- auditor concludes
ments of undetected that,
misstatements, if notwithstanding
any, could be having obtained
material but not sufficient
pervasive. appropriate audit
evidence regarding
each of the
individual
uncertain-ties, it is
not possible to form
an opinion on the
financial statements
due to the potential
interaction of the
uncertainties and
their possible
cumulative effect
on the financial
statements.
Included in this report are 425 Annual Audit Reports (AARs) with Independent Auditor’s
Report/audit opinion on GCs with submitted financial statements and 29 Management Letters
(MLs) on agencies without financial statements issued for CY 2017, in the National Capital
Region and in the regions, respectively, which represents the total number of AARs and
MLs received as of July 31, 2018, from the Clusters and Regions for this report’s
consolidation.
204
Chart IV-1 Total Opinions Rendered per Type
57.65%
250
200
Qualified
150 245 29.65%
Unmodified/Unqualified
100 Adverse
126 11.53% Disclaimer
50
49 1.17%
0 5
The tabulated details of audit opinions issued for the financial statements of water districts
are presented in Volume II of the AFR.
In view of the detailed lay-out and agency specific information presented in the individual
AARs, the data and discussion therein shall necessarily prevail over the summarized
information presented in this report.
205
Table IV-1
Amount
Selected Observations Recommendations
(in thousands)
Armed Forces of the Philippines Retirement and Separation Benefits System (AFPRSBS)
The AFPRSBS limited working Continuously work towards 563,000
capital of P563 million may result conversion of the majority of the
in its inability to refund in lump investments in real estate, acquired
sum the total contributions assets into cash and investments in
including earned interest to the government marketable securities
officer or enlisted personnel upon which are easily convertible to
separation or retirement from cash. Likewise, pursue collections
military service under Section 4 of of all indebtedness due to the
PD No. 361 as amended by PD AFPRSBS so that it can return to
Nos. 1656 and 1909 or upon the soldiers/members their
liquidation of the System due to contributions upon liquidation of
the issuance of MO No. 90 dated the AFPRSBS or upon
April 8, 2016 whichever comes retirement/separation whichever
first, since the related accumulated comes first.
members’ contributions payable as
at December 31, 2017 amounts to
P10.244 billion.
206
Amount
Selected Observations Recommendations
(in thousands)
Graphic Expression Corporation agreement taking into consideration
(UGEC), a private printer, as the following:
follows:
a. lease of UGEC machines by the
a. Lease of UGEC’s machines by JV;
the APO-UGEC JV for the
DFA Project re: e-passport b. share in the income;
printing was not in accordance
with the JVSPA which requires c. APO’s leasehold rights
machines to be owned by the contribution and considering its
JV; contribution in the form of
captured market; and
b. UGEC got bigger earnings/
share from the JV compared d. Transfer of UGEC used
with that of APO; machines to the JV, as its
contribution to the JV.
c. Only 10 percent of the
leasehold rights in the LIMA
Batangas Plant was recognized
as APO’s contribution to the
JV. APO’s contribution in the
form of captured market as
recognized government printer
(RGP) for security printing
services was not considered,
whereby at the time of the
submission of unsolicited
proposal by UGEC for the
creation of a JV, APO, one of
the three RGPs, was the only
RGP which expressed interest
in producing the e-passport
amounting to P38 billion for a
ten-year period from 2016 to
2026; and
207
Amount
Selected Observations Recommendations
(in thousands)
fulfillment of its purpose for over Counterpart Funds to facilitate the
two decades, contrary to Executive transfer of dormant trust funds; and
Order No. 431, thus, depriving the transfer the remaining balances of
NG of the use of these funds to the Mortgage Credits and Real and
finance other vital Other Properties Acquired to
programs/projects/ activities. Department of Loans and Credits.
208
Amount
Selected Observations Recommendations
(in thousands)
indispensable amidst the current
events besetting the country.
209
Amount
Selected Observations Recommendations
(in thousands)
Expense-Building, Rent Expense- guide for a systematic and
CPF, Electricity, Telephone, reasonable bases for the
Security Services and Salaries computation on the proper shares of
without policies/ guidelines on the the concessionaires.
proper apportionment of the
reimbursements, hence, the
correctness and validity of the
amounts deducted from/credited to
said expenses accounts could not
be ascertained.
The over-remittances of DFPC to Revisit Board Resolution No. 01-4- 344,192
Department of Tourism (DOT) 25-12 and set a fixed recoupment
during the years 1987 to 2009 in annual amount to enable DFPC to
the total amount of P697.114 fully recover the remaining balance
million were not yet fully recouped of the over remittances to the DOT.
despite issuance of DFPC Board
Resolution No. 014-25-12, leaving
a balance of P344.192 million as of
end of CY 2017.
210
Amount
Selected Observations Recommendations
(in thousands)
pending cases, despite the fact that interest of the government;
the litigants or tenants concerned
continuously do their business and b. Exhaust all remedies to collect
benefited from the facilities overdue accounts from
thereby exposing government delinquent tenants without
property to abuse. Also, prejudice to legal action
uncollected lease rental provided by law; and
accumulated to P5.563 million at
year-end due to inability to enforce c. Refrain from accepting
the collection of accounts promissory notes from tenants.
receivable with Promissory Notes
and the overdue accounts aged
over three months, thus, affecting
the availability of funds for the
MLC’s operation.
IBC-13 did not issue Official Issue ORs for all kinds of 18,650
Receipts (ORs) to acknowledge the collections received in compliance
payments made by Asian with Section 68 of PD No. 1445
Television Content/Rare Sales for and Section 237, Chapter II of the
their airtime fees in the total Internal Revenue Code.
amount of P18.650 million
contrary to Section 68 of
Presidential Decree (PD) No. 1445
and Section 237, Chapter II of the
Internal Revenue Code.
211
Amount
Selected Observations Recommendations
(in thousands)
customers dissatisfaction, thereby, b. Enforce to SP the strict
defeating the objective of engaging compliance on the forecasting
their services in improving ATM schedule/ replenishment plan
availability rate/efficiency in cash and permit deviation only if
loading. justifiable; and
212
Amount
Selected Observations Recommendations
(in thousands)
year as a result of the 3.5 per b. Include adequate controls and
cent service fee deducted by the monitoring processes;
Air Carriers (ACs) from PSC
collections; c. Create/designate a team that will
focus on the review/audit of the
b. service fee is being charged by Airline’s PSC books/records,
ACs for Locally-Recognized and monitoring of the PSC
Exempt Passengers (L-REP) transactions;
despite non-collection of PSC;
and d. Require the Collection Division
to obtain copies of the Monthly
c. absence of provisions with Summary of Flights and
respect to the nature and Passenger Data as basis in
retention period of PSC from validating the Remittance
unflown tickets not refunded by Report submitted by ACs; and
passengers.
e. Initiate appropriate action to
Moreover, the absence of enforce remittance of the PSC
monitoring system on the for unflown tickets by the ACs.
processes and procedures in the
collection and remittance of PSC
under the integration scheme and
the laxity of the Officials in
acting on the deviations and
deficiencies noted in the said
processes may bar the recovery of
possible claims as a result of
errors or fraud, putting MIAA in
prejudice.
The continued grant to Philippine Follow-up with the Department of NQ
Airlines (PAL) of 65% discount on Justice the status of the
its landing and take-off fees clarificatory letter dated August
anchored from the 1977 Letter of 19, 2015, citing the urgency of its
Instruction (LOI) which is deemed resolution; and/or make
ineffective given the development representation with proper
and condition of the aviation authorities for the repeal of the
industry, resulted in the loss of LOI as appropriate.
revenue averaging P42.82 million
per year based on the five year
collections. Moreover, this
privilege accorded to PAL does not
promote a level playing field
among key players in the domestic
aviation industry.
213
Amount
Selected Observations Recommendations
(in thousands)
Capital Stock with year-end Stock;
balance of P28.428 billion due
to revaluation of the MWSS b. Make the necessary correcting
properties in prior years and and reversal entries on the
realization of Appraisal Capital erroneous realization of
Stock to Retained Earnings Appraisal Capital Stock;
totaling P7.955 billion; and
c. Make the necessary reversal
b. Inclusion of disputed claims by entry on the Retained Earnings
Maynilad Water Services, Inc. realized from the valuation of
(MWSI) consisting of the Investment Property; and
borrowing cost amounting to
P4.048 billion despite its d. Record the cost of borrowing
uncertainty of collection in the totaling P4.048 billion in
reported year-end balance of accordance with PPSAS 19
the Other Receivables account regarding contingent assets to
amounting to P5.611 which the realization or
billion. collection of the subject claims
is virtually uncertain, pending
outcome of the local arbitration
proceedings.
The turn-over of MWSS properties a. Reconcile the PMD and Finance 67,279,656
to two concessionaires amounting records and correctly identify
to P67.280 billion per Inventory the turned-over assets to MWSI
Report, upon privatization in CY and MWCI then reclassify to
1997, were not reclassified as Service Concession Asset
Service Concession Assets. account accordingly; and
Further, subsequent construction,
development, acquisition, and b. Coordinate with MWSI and
upgrade of the service concession MWCI to properly account all
assets were not accounted for in subsequent cost incurred
the books. pertaining to the service
concession assets and recognize
the same in the MWSS books
including the corresponding
liability and revenue under the
Grant of Right to the Operator
Model.
214
Amount
Selected Observations Recommendations
(in thousands)
to determine the causes of
abnormal/negative balances and
effect necessary adjustments to
reflect the correct balances of the
involved accounts and ensure
that Section 4(8) of PD 1445, as
well as sound accounting
practices are being observed;
215
Amount
Selected Observations Recommendations
(in thousands)
Buy-Back Program, had the policy them; and
of offsetting of account been
provided in the Memorandum of b. Repossess the previously
Agreement with the beneficiaries dispersed animals if the sellers
of previous animal dispersal and in refuse to pay their animal
the issued Implementing repayment obligations to NDA.
Guidelines on Buy-Back of
animals. The beneficiaries of
NDA’s animal dispersal are now
the suppliers/sellers of the dairy
animals of the Agency who have
likewise outstanding payables to
the NDA in the form of animal
repayment aggregating P77.863
million as of December 31, 2017.
216
Amount
Selected Observations Recommendations
(in thousands)
priority to buy offspring of the
animals impregnated with
semen;
217
Amount
Selected Observations Recommendations
(in thousands)
The Accounting of Funds (AF) for a. Require the 10 ECs audited in 157,301
liquidated subsidies under Sitio CY 2017 to return/refund the
Electrification Program (SEP)/ unexpended balances amounting
Barangay Line Enhancement to P63.378 million;
Program (BLEP) with reported
unexpended/ unutilized balance b. Direct the ECs that only
totaling P29.289 million were not related/allowed expenses are
demanded by NEA for immediate charged in the AF;
return, hence not in conformity
with Section 7 of the MOA, c. Require the concerned EC’s to
thereby deprived the government submit required documents for
of funds to utilize for other the release of the remaining
projects. balances amounting to P44.980
million but not to exceed the
Likewise, expenses not related to actual disbursements pursuant to
the project/s or without Section 4 of the MOA;
documentation were not
considered, hence, the reported d. Require the EC’s to submit the
unexpended balance of P29.289 required documents to validate
million per AF have increased to the charges made in the AF
P63.378 million (net of amount together with the supporting
already returned) and the same was schedule of the previous and the
not refunded/remitted to NEA revised AF, for verification and
contrary to Section 4.5.6 of COA adjustment of the total
Circular No. 2007-001 and NEA unexpended balances, otherwise,
Memorandum No. 2013-023. return to NEA the total amount
of P93.924 million;
Further, EC’s with subsidy deficit
totaling P44.980 million is to be e. Monitor the timely return of the
covered with the release of the 10- unexpended balance based on
30 percent remaining/retention the AF submitted by EC on their
balance but not to exceed the liquidation; and
actual disbursement pursuant to
Section 4 of the MOA. f. Ensure that the submitted
liquidation documents are
Moreover, unexpended balance tallied/verified with the reported
amounting to P93.924 million for amounts in the AF and the
projects audited in CYs 2014 – disbursements made was in
2016 remained in the possession of accordance with the MOA to
the ECs. avoid rising of
unexpended/unutilized fund.
218
Amount
Selected Observations Recommendations
(in thousands)
Program of the Agency might not and
be fully realized.
b. Regularly monitor extent of
utilization of available funds
based on the palay production
during the period to meet or
even exceed the targeted palay
procurement.
219
Amount
Selected Observations Recommendations
(in thousands)
are still in active service,
especially those who are nearing
retirement, and leverage on the
role of Senior Accounts
Specialist/Accountant, to
regularly deduct from all
benefits and other resources
accruing the SAO for the
payment of shortages, in order
to ensure NFA’s welfare over
the interest of SAOs;
NFA did not impose the liquidated a. Enforce all available remedies 1,445
damages of P1.445 million and stipulated in the contract, such
terminate the contract with the as but not limited to claim for
Consultant for the Design, liquidated damages, termination
Development, and Establishment of contract and other
of Electronic Integrated Financial appropriate legal remedies;
and Operations Management
220
Amount
Selected Observations Recommendations
(in thousands)
Information System (e-IFOMIS) b. Require the Corporate Planning
Project in the amount of P14.448 and Management Services
million, despite the gross delay of Department-Information System
1,645 days as of December 31, Development Division to
2017 or approximately four and a support with appropriate
half years from June 30, 2013, the documents the reported 96.21
latest time extension granted for per cent project accomplishment
the Project’s completion. as of December 31, 2017 to
Moreover, the reported 96.21 prove the accuracy thereof; and
percentage of completion as of
December 31, 2016 could not be c. Henceforth, rigorously monitor
supported with documents, casting the implementation of contracts
substantial doubt on the actual entered into by the Agency to
accomplishment of the Project and ensure that the terms and
the validity of its implementation. stipulations of the contracts are
Furthermore, the non-movement of strictly enforced to avoid
the percentage of completion of the wastage of public funds, and to
Project since CY 2016 and the lack ensure completion of the project
of specific commitment date to within the agreed period.
complete the same demonstrate
NFA’s inability to compel the
Consultant to abide with the terms
and provisions of the contract,
thereby depriving the Agency the
use of a reliable and exhaustive
financial management information
system.
221
Amount
Selected Observations Recommendations
(in thousands)
buffer stock levels to attain
Agency’s mandate to respond to
the rice requirements during
calamities and achieve national
food security through stabilized
supply and price of rice.
222
Amount
Selected Observations Recommendations
(in thousands)
value of P296.411 million which present in the financial statements
were already disposed as of the foreclosed/garnished assets
December 31, 2017 were still which were already disposed.
reflected under the Other Assets
account, instead of Loans
Receivable, contrary to Section 58
of Presidential Decree No. 1445
and paragraph 15 of Philippine
Accounting Standards (PAS) 1,
resulting in the overstatement and
understatement of the accounts,
respectively, by the same amount,
thus affecting their fair
presentation in the financial
statements.
223
Amount
Selected Observations Recommendations
(in thousands)
224
Amount
Selected Observations Recommendations
(in thousands)
covered with Memorandum
of Agreement embodying the
terms and conditions, as well
as the duties and
responsibilities of both the
Agency and the IAs;
d. Consider rescinding/
terminating the contracts and
forfeit the contractor’s
Performance Security for
projects with negative slippages
of more than 15 per cent
resulting from contractor’s fault
or negligence;
Conduct investigation to
determine persons
responsible for: (i) not
imposing liquidated
damages; (ii) approving/
granting of COs/VOs and
CTEs without proper
evaluation and
documentation; (iii) not
terminating the contracts that
incurred huge negative
slippage due to contractor’s
fault; (iv) allowing
replacements of the key
personnel without proper
evaluation and approval; (v)
payment of advance
payments and progress
billings based on incomplete
supporting documents, such
225
Amount
Selected Observations Recommendations
(in thousands)
as, evaluation of the quality
of work delivered; and
The Prior Period Adjustments Strictly comply with PPSAS No. 3 2,768,702
(PPAs) aggregating P102.632 in presenting correction of prior
million and P2.667 billion in period errors by restating the
Combined Statement of Changes in comparative amounts for the
Net Assets/Equity (SCNA/E) for period/s presented in which errors
calendar years (CYs) 2017 and occurred and provide adequate
2016, respectively, directly disclosure in the Notes to FSs; and
presented in the SCNA/E instead submit list/schedules showing the
of restating the affected accounts in details of the PPAs supported with
which errors occurred contrary to complete/appropriate
Philippine Public Sector documentation.
Accounting Standard (PPSAS) No.
3, which could mislead the users of
the financial information.
Likewise, these adjustments have
no disclosures and lacked
appropriate supporting documents.
Consequently, the fair presentation
of the financial statements as a
whole was adversely affected.
226
Amount
Selected Observations Recommendations
(in thousands)
statements as required in the financial impact to the
Conceptual Framework for Corporation, if any; and
General Purpose Financial
Statements due to (i) the b. Continue efforts to reconcile the
recognition of obligations OMA Trust accounts with the
arising from court decisions PSALM’s Trust Asset with NPC
totaling P40.993 billion in the and make the necessary
Trust Accounts maintained under adjustments where appropriate.
the current Operation and
Maintenance Agreement (OMA)
between PSALM and NPC
which was found unacceptable
based on the recent Supreme
Court decisions and IPSAS 19 on
Provisions, Contingent
Liabilities and Contingent
Assets; and (ii) non-
reconciliation against Assets
Held in Trust with NPC the
reciprocal account maintained by
PSALM, in the amount of P8.398
billion resulting in a variance of
P44.700 billion.
227
Amount
Selected Observations Recommendations
(in thousands)
provided under Executive Order
No. 245.
228
Amount
Selected Observations Recommendations
(in thousands)
d. Formulate a proper action plan
on how to manage or utilize the
assets of the milling complex
with the end in view of reducing
the loss and expense of the
government; and
The “FIT All Fund” has no Comply with the remedies 7,698,424
sufficient fund to settle/pay in full provided in the Guidelines of ERC
its monthly obligations to Eligible Resolution No. 24, series of 2013,
RE distributors resulting in an such as:
overdue payable to Renewable
Energy (RE) Developers in the a. Section 1.4.2 paragraph 4,
amount of ₱7.530 billion and when the WCA depleted by
interest payable of ₱168.680 more than 50%;
million due to the following
reasons: b. Section 1.5.1 in submitting the
229
Amount
Selected Observations Recommendations
(in thousands)
a. The application for Approval of application for the following
FIT-All for CY 2017 was not year FIT rates;
yet approved by the ERC.
Thus, the FIT rate for CY 2016 c. Section 2.2.7.1 when the
at ₱0.1830/kWh was applied collecting agents failed to
during the year which resulted remit their collections in full;
to lower annual FIT sales and
compared to the annual FIT
Differential payable to RE d. Enforce strict compliance with
Developers; the timeline set for the
remittance of collection of FIT
b. Non - filing of an application sales by CA to avoid
for adjustments with the ERC additional interest and
when its WCA depleted by penalties.
more than 50%, a remedy
allowed under paragraph 4,
Section 1.4.2 of the guidelines;
230
Amount
Selected Observations Recommendations
(in thousands)
Nayong Pilipino Foundation (NPF)
Management did not implement Hasten the implementation of the NQ
the NPF Reorganization Plan GCG Memorandum Order No.
approved by Governance 2017-01 dated February 24, 2017
Commission for GCs, thus, there which approved the NPF
was no change in the number of Reorganization Plan. Coordinate
filled up plantilla positions with Civil Service Commission to
including that of the Finance and facilitate the recruitment of
Accounting which adversely qualified personnel.
affected the operations of the
agency and the non-preparation of
the financial statements.
231
Amount
Selected Observations Recommendations
(in thousands)
232
Amount
Selected Observations Recommendations
(in thousands)
233
Amount
Selected Observations Recommendations
(in thousands)
Efficiency and economy in the Require the concerned ROs to: 14,865
implementation of Accelerated
Coconut Planting and Replanting a. Cause the immediate delivery of
Project (ACPRP) in the total the remaining seedlings from the
amount of P14.865 million in RO supplier and impose liquidated
Nos. IV-A, I-IVB, VIII, IX and damages thereon due to delay in
XIII were not assured in view of the delivery;
various deficiencies, such as,
among others: (a) incomplete and b. Ensure that Provincial
delayed delivery of 377,000 Agriculturist/PDCMs strictly
coconut seedlings amounting to comply with the project’s
P9.987 million under ACPRP – guidelines in the evaluation of
Indigenous People’s Outreach the eligibility of the farmer-
Program (IPOP); (b) payment of participants to receive cash
incentives totaling P4.000 million incentives and coconut
to farmers-participants who did not seedlings; and
meet the pre-condition requirement
of the Participatory Coconut c. Require the Coconut
Planting Project (PCPP); (c) Development Officers to explain
doubtful validity of payment of the deficiencies noted in the: (i)
cash incentives in the total amount payments of cash incentives and
of P498,062 and distribution of (ii) distribution of coconut
coconut seedling in the amount of seedlings with doubtful validity
P54,730; and (d) distribution of and without conduct of soil
9,507 seedlings without soil suitability assessment. Hold
assessment that resulted in them accountable, if warranted.
mortality of the seedlings costing
P254,046.
234
Amount
Selected Observations Recommendations
(in thousands)
Division.
The PCIC was not able to regularly a. Instruct the Accounting Division 249,046
collect the 10 per cent of the net to determine the years within
earnings of Philippine Charity which PCSO was not able to
Sweepstakes Office (PCSO) from remit to PCIC its 10 per cent
lotto operations as payment of share in the net earnings from
government subscription, lotto operation and communicate
mandated under Section 6.5 of RA in writing to PCSO of its arrears
No. 8175 dated December 20, supported with schedule; and
1995, thus depriving PCIC of
additional funds of P249.046 b. Instruct the Collecting Officer
million, representing unpaid and Accountant to provide
subscription of the National complete information in the
Government. Official Receipt and Journal
Entry Voucher as to the nature of
collection as basis in recording
in the Cash Receipts and
Deposits Journal and General
Journal, then to the General
Ledger, to facilitate monitoring
of remittances made by PCSO.
235
Amount
Selected Observations Recommendations
(in thousands)
Economic Zone (BCEZ), thus
reducing land area that can be b. Require BCEZ to augment its
developed for existing locators and security personnel to deter new
prospective investors informal settlers.
236
Amount
Selected Observations Recommendations
(in thousands)
arises;
237
Amount
Selected Observations Recommendations
(in thousands)
provided by the Project Contractor the damages inspected on
with only temporary remedies November 2, 2017 and the issues
while the project is still under the and concerns tackled during the
warranty period. Thus, the multi- conference between the PFDA
million MFP has been exposed to and the Contractor on November
risks of further deterioration and 9, 2017;
huge financial losses even before it
becomes operational and beneficial b. Assess and resolve the claim of
to the port-users of the Province of the Contractor that the damages
Antique. were brought about by force
majeure; and
One Ice Plant and Ice Storage a. Require the Head of TSD to 57,256
(IPIS) facility and three MFPs in conduct exhaustive survey of the
the Provinces of Mindoro and proposed/identified fish port site
Quezon, and the Bicol Region with as basis for the preparation/
aggregate cost of P57.256 million submission of the feasibility
are non-operational due to, among study on the marketing and
others, insufficient capacity of economic benefits, viability and
generator installed, narrow sustainability of the project prior
causeway, and absence of to approval and implementation,
Municipal Ordinance on the thereby ensuring that its intended
operation of the MFP, thereby purpose would be attained and
defeating the intended purpose of ultimately safeguard government
improving the efficiency in funds from possible wastage;
marketing and distribution of fish
and fishery/aquatic resources and, b. Make representation with the
resulting in the wastage of Municipal Government (MG) of
government funds. Bongabong for the immediate
installation of the electricity to
facilitate turn-over of the IPIS;
and
238
Amount
Selected Observations Recommendations
(in thousands)
to the provisions of Administrative government issued bonds, if
Order No. 173 and DOF Circular warranted, and invest the fund in
No. 6-90, thereby exposing PICCI government securities in
to risk of potential loss of fund. conformity with the provisions of
Administrative Order No. 173 and
DOF Circular No. 6-90.
239
Amount
Selected Observations Recommendations
(in thousands)
preparation of the Schedule.
Require the concerned personnel
to make the necessary
corrections to come up with
correct balances;
240
Amount
Selected Observations Recommendations
(in thousands)
bank/defunct Bankwise, Inc. relative to the contingent liability
totaling P95.924 million was not of PRA as regards the visa
disclosed in the notes to the deposits placed with the closed
financial statements. bank;
241
Amount
Selected Observations Recommendations
(in thousands)
and other related facilities, thereby acquisition, rehabilitation, and
defeating the primary purpose for expansion of sugar mills, refineries
which it was created by virtue of and other related facilities; and
Presidential Decree No. 1890. (b) its credit financing program
Moreover, its credit financing to which is not only unrelated to its
sugarcane farm workers is a mandate but also a duplication of
duplication of the Sugar SRA’s Socialized Credit Program
Regulatory Administration’s funded by the SIDA.
(SRA) Socialized Credit Program
under the Sugar Industry
Development Act (SIDA).
242
Amount
Selected Observations Recommendations
(in thousands)
million or an increase of P20.391 set up; and
million from the previous year’s
past due Loans Accounts b. Accordingly, require the
Receivable of P629.329 million. concerned officer/employee to
Thus, the liquidity and credit risk strictly implement the said
of the Corporation is also procedural guidelines in the
increased. handling of past due accounts.
243
Amount
Selected Observations Recommendations
(in thousands)
to P13.322 million in SRA – Home otherwise, revise the guidelines
Office and P56.397 million in SRA on BFP to effect the change to
Visayas or equivalent to 11.16 per provision in kind or in the form
cent utilization rate, depriving the of farm inputs and services;
block farms (BF) beneficiaries of
immediate provision of farm b. Formulate the guidelines on the
management and technical monitoring of the
assistance, agricultural inputs, implementation of the project
capability training and common such as: (i) preparation and
service facilities for improved submission of monitoring reports
sugarcane farm productivity. The that would provide the status of
delay was observed as: (a) the implementation of the project to
start-up capital with total budget of the Planning and Policy
P129.356 million for the two-year Department (PPD) - Sugar
period was not granted to BFs due Industry Development Act
to the difficulty in the accreditation (SIDA) Project Management
by the Department of Social Office, and (ii) evaluation by the
Welfare and Development PPD of the reports so that the
(DSWD) of the BFs to qualify as a issues/problems hampering the
Civil Society Organization (CSO) attainment of the targets would
to implement programs or projects be addressed on a timely manner;
using government or public funds, and
and (b) the procurement of
fertilizers and agricultural c. Henceforth, conduct regular
equipment was not completed monitoring, review and
during the period. Moreover, evaluation of the BFs based on
inadequate monitoring of the the Work and Financial Plan for
implementation of the Project was CY 2018 to fast track the
observed as the required reports delivery of the interventions to
were not prepared on time. the BFs in order to meet the
targets as reprogrammed in CY
2018 and ensure that the
accredited BFs shall finally
receive the benefits of the
program.
244
Amount
Selected Observations Recommendations
(in thousands)
granted with loan to support their
acquisition of production inputs,
farms machineries/ equipment and
implements. Moreover, the
documents supporting the transfer
of fund of P324.697 million to
Land Bank of the Philippines were
not complete as the IRR as an
integral part of the Memorandum
of Agreement (MOA) was not yet
finalized together with the Annex
B – Schedule of Releases of Fund.
245
Amount
Selected Observations Recommendations
(in thousands)
The following matrix summarizes the significant common audit observations and the
corresponding recommendations reported in the Annual Audit Reports (AARs) on the GCs.
Moreover, the detailed lay-out and agency specific information discussed in the AAR shall
prevail over the condensed consolidated information presented below:
Table IV-2A
Summary of Common but Significant Observations and Recommendations
on Government Corporations in NCR and Stand-Alone Agencies in the Regions
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
A. OPERATIONS
Dividends due were: (1) a. Comply with the provisions of APO2 27,083
not declared; or (2) not Section 3 of RA 7656 and BSP3 921,248
remitted; or (3) with Section 5(e) of its NDA2 10,620
short remittance to the Implementing Rules and NPIC1 & 2 138
National Government Regulations on the PAFC3 53,425
(NG). computation, declaration and PAGCOR3 NQ
remittance of dividends to the PDIC2 2,350,639
NG; and PDMC1 & 2 62,595
PRecA2 489,093
b. Record and/or remit the
dividends due to NG.
246
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
MOA between and among the
parties.
The (1) partial; or (2) a. Explain the reasons for the BSoP5 7,716
non-implementation; or failure to complete the project DFPC6 810,423
(3) uncompleted within the set timeline; LWUA6 390,958
programs /plans within NEA5 502,163
timelines; or (4) non- b. Require the Project/Program NPC2 NQ
existent; or (5) unutilized Officer to monitor closely the PCMC5 32,637
projects; or (6) delay in status of implementation of PHC7 NQ
the opening and approved programs/projects to PITAHC3 8,409
operationalization/ avoid any slippages and to take PNOC EC6 154,005
implementation of the immediate and appropriate PNR5 NQ
project; or (7) absence of corrective measures necessary PPA5 155,321
implementing policy/ to complete the same within PRRI-RO-III1 16,000
guidelines resulted in: time line; PTNI4 1,300
(a) deprivation/
suspension in the c. Provide sanctions for non-
implementation; completion or failure to deliver
(b) delayed delivery/ required output/s on time;
implementation of
services to intended d. Strictly adhere with the agency
beneficiaries; and policy on the implementation
(c) inconsistencies with of the related program;
existing policies.
e. Require the Contractor to
refund the P1,300,173
representing payment of the
parking lot extension that did
not materialize or deduct the
said amount from future
billings of said contractor for
any project undertaken by
them otherwise, a Notice of
Disallowance shall be issued
by the Audit Team for the
recovery of the amount
involved;
f. Make representations/request
from the trustor/donor/Source
Agency authority for the
utilization of the unexpended
funds;
247
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
faithfully devoting their
commitment, willingness, time
and effort for the betterment of
the program;
248
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
increase the sales and revenue
of its entities;
249
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
of the balances in the books of
accounts of concerned
government agency.
250
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
The (1) absence of Execute contracts with the DAP2 NQ
agreement/lease contract; current tenants with respect to LRTA2 NQ
or (2) non- the use and rental of the NHA2 2,358,000
implementation of the transferred/acquired assets. PAFC1 NQ
lease contract provisions; PDMC3 NQ
or (3) failure to renew Review the existing contract VFP2 NQ
the expired agreement with the canteen concessionaire
/lease contract, deprived/ and consider rescinding the
delayed the opportunity same, if found onerous and
of the Corporation to disadvantageous to the agency.
collect and utilize the
funds for its operations. Execute a duly signed and
notarized contract/renewed
contract before turning over the
property to a lessee in
compliance with Article 1403 of
RA 386/COA Circular 88-282A/
applicable provisions of the
Agency’s Manual of Operations
of the Acquired Asset
Department.
251
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
consonance with Section No. 2013-007, the Department CITEM NQ
69 of PD 1445, Section of Finance (DOF) Circular No. IBC 13 223,918
3.4 of COA Circular No. 001-2015, DOF Department PDMC 50,697
2013-007 dated Circular No. 02-2016 and DOF PEATC 8,109
September 18, 2013, Department Order No. 27-05, PEZA 40,407
Department of Finance and deposit government funds
(DOF) Circular No. 001- in Authorized Government
2015 dated June 1, 2015, Depository Banks (AGDBs);
DOF Department and
Circular No. 02-2016
dated July 8, 2016 and b. Submit prior approval by DOF
DOF Department Order in maintaining a depository
No. 27-05. account with private
banks/banks which are not
designated as AGDBs,
otherwise, transfer all
government funds to AGDBs.
252
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
of records of payees as to
their complete address/es and
contact numbers.
Investments
Erroneous recording in Analyze and prepare the necessary BSoP 2,415,000
the books of accounts adjusting entry to reflect the CCP 3,281
resulted in doubtful accurate balance of the accounts PCIC 3,676
validity of the balance of affected.
Investment and other
affected accounts
253
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
2016-005 dated December 19,
2016.
254
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Collections (UC) specific SL account NHMFC 20,987
representing collections SHFC 374,503
of premiums and/or of the member/pensioner/ SSS 1,901,171
loans to the individual borrower; and
account of members
pensioners/ borrowers b. Conduct continuous clean-up
affected the accuracy of of the UC accounts to
individual data recorded minimize its accumulation and
in the subsidiary ledgers adjust affected accounts
contrary to paragraph 15 accordingly.
of PAS No. 1 depriving
the members of the
privileges in availing
higher loan amounts,
dividends and maturity
claims.
255
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
either (1) not provided or allowance for doubtful PCIC 2 36,869
(2) in excess or accounts/impairment loss in PPSBI 1 & 2 1,294,760
inadequate due to compliance with PAS 39; and SHFC 1 21,030,946
deficiencies/ errors in TIDCORP 1 486,880
computation/without b. Prepare adjusting entries to
bases/ absence of ensure fair presentation of the
objective evidence of receivable accounts and the
asset impairment, related expense accounts in
contrary to PAS 39, compliance with PAS 39.
resulting in the
misstatement of the
receivable and related
expense accounts.
Cash Advances
Cash advances granted to a. Cause the immediate BFI 180
officers and employees liquidation of all outstanding CAAP 11,234
remained unliquidated; cash advances where the CDC 2,359
additional cash advances purpose/s for which it was set- DCI 133
were granted despite up or established were already HSDC 350
failure to liquidate served/and those which LLFC 103
previous cash advances remained unused for over two NDA NQ
received from the months in accordance with NIA 4,546
Agency, contrary to existing laws, rules and OWWA 33,534
COA Circular 97-002 regulations; PPC 42,198
and Section 89 of P.D. PRRI 4,782
1445. b. Refrain from granting SPDA 3,450
additional cash advances to TIEZA 258
those with still unliquidated
cash advances; and
256
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Inventories
The accuracy and a. Analyze, reconcile and provide BSoPe NQ
existence of various full accounting of the LCPb 891
recorded inventory items differences in the books/ PAGCORb, c, & d 68,605
could not be determined records/reports/ stock cards PCMCb 52,929
due to either or and the physical count and PRRIe 32,976
combination of the effect the necessary SBMAe 81,049
following: (a) adjustments to reflect the TIEZAc 12,786
unreconciled balances correct book balance of
(b) discrepancies of the inventories; and
balances in the books as
against the report on the b. Submit the required supporting
physical count; (c) documents.
inclusion of obsolete
items; (d)
discrepancies between
the stock cards or
inventory reports;
(e) absence or
incomplete records/
improperly maintained
reports/contracts/subsidi
ary ledgers (SLs)/stock
cards and other
supporting documents;
and (f) incomplete/non-
conduct of physical
count.
Erroneous Analyze and prepare the necessary NFA NQ
recording/non- adjusting entry to reflect the PCA NQ
recognition/ accurate balance of the inventory PRA 9,331
misclassification of the account and its related accounts
inventory account for proper presentation in the
resulted in doubtful financial statements.
validity of the said
account and other
affected accounts in the
financial statements.
257
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
a) incomplete/non- accuracy of the recorded GSISe 117,743
conduct of physical balances of the PPE accounts; HDMFb 88,378
count; HSDCa, b & f 100,183
b) partial/non- c. Prepare the necessary IBC 13e & f 116,350
reconciliation of the adjusting entries to correct the JHMCd 4,779
results of physical balances of the affected LLDAe 35,187
count with book accounts; and NDAa 89,093
balances and NFAb 358,275
relevant accounting d. Submit the required supporting NIAa, b, & f 115,020,480
records; documents/ reports. NRDCe & f 41,088
c) absence/non- NTAa & e 291,277
submission of OWWAb 216,473
physical inventory PAGCORb 23,926
report; PCAa, b & f 199,324
d) existence of PCICe 31,533
abnormal balances/ PCMCb, e, & f 50,492
unrecorded items; PEZAe 37,258
e) discrepancies PHCe 7,406
between the General PIAb & c 4,308,739
Ledger (GL) and PNOCc NQ
Subsidiary Ledgers PNOC-RCb 117,724
(SLs) or physical PNRf 15,498,788
count/inventory PPCf & e 4,140,996
reports; and PRAa 18,520
f) Absence/incomplete PRRIb, e, d & f 85,179
supporting PSALMe 2,107,953
documents/SLs/ PTNIa, c, & f 1,616,000
property cards. SBMAc & e 17,597,945
SRAe 84,584
TIEZAc 7,402,000
258
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
CIP, and other related
accounts; and
Other Assets
Erroneous Analyze and prepare the HDMF 6,227
recording/non-recording necessary adjusting entries to HSDC 93,463
classification/ reflect the accurate balance of the NHA 1,203,000
presentation/ non- other asset and affected accounts.
provision of impairment
loss/ unreconciled
amounts of other assets
resulted in the
misstatement of the other
asset accounts thus,
affected the reliability/
accuracy of the Other
259
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Assets and the related
affected accounts.
Acquired Assets
Appraisal/re-appraisal of a. Conduct appraisal/re-appraisal DBP 790,458
acquired assets were not of acquired assets in PDIC 32,506
undertaken regularly to compliance with the operating
determine the manual/policies; or
recoverable amount of
properties contrary to b. Restudy the existing
PAS 36. guidelines which provides
allowance equivalent to 100
per cent of book value to
properties with undetermined
current valuation, and realign
with the provision of PAS 36.
260
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Loans/Accounts Payable and Other Payables
Several payable accounts a. Analyze/verify/validate and DBP 72,555
remained outstanding/ confirm the payable accounts HDMF 947,502
dormant/not settled for to determine their validity and NFA 655,602
more than one year completeness; revert to NIA 1,838,177
resulting in the Retained Earnings NKTI 56,690
accumulation of long undocumented payables which OWWA 73,962
outstanding payables have been outstanding for SSS 30,229,672
account and/or more than two years as
incurrence of interest and provided under PD 1445;
penalties for non- b. Strictly observe the provisions
payment of the on debt servicing and update
loans/multi-series the monthly amortizations to
bonds/corporate notes, in avoid further incurrence of
violation of the pertinent penalties and interest; and
provisions of the
contract/ c. Make necessary measures and
MOA/rules/regulations arrangements for the
and Sections 59 and 98 settlement of the long
of PD 1445. outstanding loans accounts.
261
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
of discrepancies between NIA 1,251,605
SL and GL balances PCA 99,641
which practices were PCED 612
contrary to PAS 1 PCMC 61,934
resulted in the SHFC 174,797
misstatement of the TPB 349,036
liability accounts thus,
affected the
reliability/accuracy of
the payable balances and
the related affected
accounts.
Taxes Payable
Non-withholding from Comply with the BIR regulations BSoP 40,844
government money on the withholding of IBC 13 117,356
payments/ non- government money payments; MWSS 2,455
remittance/ non-payment trace unremitted taxes and NDA 126
of various taxes reconcile the balance of the NHMFC 24,362
withheld; or account; remit/pay on time the NIA 117,139
delayed/deficient taxes withheld/tax due to the BIR NPC 322
payment/non-payment of to prevent incurrence of interest, NRDC 1,770
taxes due to the Bureau penalties and surcharges. PPC 724
of Internal Revenue PRRI 3,489
(BIR) exposed the
agency to interest,
penalties and surcharges
per applicable BIR
regulations/
memorandum circulars
and the National Internal
Revenue Code.
262
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Regulations (RIRR) goods, services and NDA 15,004
and/or Memorandum infrastructure projects; and NEA NQ
Order No. 15 dated May NFA 460,000
9, 2011/requirements of b. Persons responsible should be NHA 10,620,000
the Government made to answer for any NHMFC 42,721
Procurement Policy damage/s that were caused NIA NQ
Board (GPPB) Circular due to the delayed and/or non- NPC 796
and/or non-compliance delivery of the procured NPF NQ
with COA Circular Nos. goods. PCA 1,660
2009-001 and 96-010 on PCIC 2,850
the submission of PFDA 38,169
documents pertinent to PHILSUCOR 292
government contracts in PITC NQ
the procurement of PNCC NQ
goods and services and PNR 65,335
infrastructure projects. PPA NQ
PPPI NQ
PRA NQ
SRA 1,954
TIEZA NQ
TPB NQ
TransCo NQ
263
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Property, plant and Comply with COA Circular No. NIA 311,349
equipment 92-390/Section 1 of AO No. 141 PCA 53,585
(PPE)/acquired assets and RA No. 656 by submitting the PCIC 20,911
were not covered/with list of all insurable assets and PEATC 45,726
expired/not updated properties of GC and obtaining PFDA 149,427
property insurance with property insurance with GSIS to PPC 60,098
GSIS General Insurance ensure that these are covered with SBMA 1,634,473
Fund and the Property adequate insurance with the
Replacement Fund General Insurance Fund, to
contrary to COA protect the interest of the GC
Circular 92-390/ Section concerned.
1 of Administrative
Order (AO) No. 141 and
RA No. 656, as amended
by PD 245, thus,
exposing the agency to
risk of not being
indemnified or
compensated in case of
damage or loss of
property due to fire, or
other fortuitous
event/casualty.
264
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Circular No. 6 s. 2005/ Circular No.1 s. 2017 and
and existing laws, rules CSC Memorandum Circular
and regulations and/or No. 6 s. 2005.
Presidential Decree (PD)
No. 1597, Executive
Order (EO) No. 36,
DBM Circular No. 2016-
7, COA Circular No.
2012-03, EO No. 24, EO
No. 181 s. 2015.
265
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
266
Amount
Common Audit
Recommendations GCs affected (in
Observations
thousands)
Note 8, Sections 57, 71 statements together with all VFP NQ
and 81 of the Manual on relevant supporting
the New Government schedules/ documents in
Accounting System accordance with pertinent
(MNGAS) Volume I and provisions of P.D. No. 1445/
COA Circular Nos. MNGAS and COA
2009-001/2009-006 and Accounting Circular No.
COA Accounting 2015-004.
Circular No. 2015-004.
267
Table IV-2B
Summary of Common but Significant Observations and Recommendations
(Water Districts in the Regions)
A. OPERATIONS
Average level of non- a. Monitor the NRW levels Ajuy WD NQ
revenue water (NRW) to ensure compliance Angadanan WD 2,543
exceeded the maximum with the 20 percent Aparri WD 6,740
NRW acceptable level maximum acceptable Aroroy WD 4,911
of 20 percent prescribed level required by Asuncion WD 3,980
by Local Water Utilities LWUA; B.E. Dujali WD 1,867
Administration Bacolor WD NQ
(LWUA), resulting in b. Manage water losses to Bago City WD NQ
annual revenue losses. significantly minimize Baguio WD 34,877
the high level of NRW Balanga WD NQ
to the allowable level of Balingasag WD NQ
20% or below, pursuant Bansalan WD 14,642
to LWUA Resolution Benito Soliven WD 1,300
No. 444, series of 2009; Bocaue WD 5,161
Bulacan WD 1,237
c. Formulate Corporate Cadiz City WD 3,842
Plans incorporating Calabanga WD 364
therein the NRW Calamba WD 25,378
Reduction Plans with the Calumpit WD 1,974
ultimate aim of evalu- Cantilan WD 3,007
ating the efficiency and Carmen (Davao del 2,243
effectiveness of the Norte) WD
existing Catarman WD 7,741
strategies/measures in City of Koronadal WD 1,985
reducing water losses. City of Malolos WD 13,663
Ensure adequate City of San Fernando NQ
safeguards against meter WD
tampering and pilferages Concepcion (Iloilo) WD NQ
of both water and Cordon WD 1,056
facilities and imposition Davao City WD 667,159
of legal sanctions on Del Carmen WD 2,352
violations thereof; Digos WD 36,401
Dingle-Pototan WD NQ
d. Institute reforms that will Dipolog City WD NQ
lead to the attainment of Don Carlos WD NQ
the 20% acceptable level Donsol WD 2,045
of NRW set by LWUA, Dumangas Barotac NQ
to improve production Nuevo WD
efficiency that would Gen. Mariano Alvarez 5,285
redound to increased WD
revenue for the water General Santos City WD NQ
districts; and Gerona WD 757
Igacos WD 14,278
268
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
e. Rehabilitate old Ilocos Norte WD NQ
pipelines and artesian Jaro WD 964
wells/replace defective Kapatagan WD NQ
water meters/ install or Kiblawan WD 1,688
utilize flow meters to Legazpi City WD NQ
measure total water Lemery (Iloilo) WD NQ
production; Leyte Metropolitan WD 100,334
Lianga WD 4,045
Libmanan WD 2,226
Limay WD NQ
Lupon WD 7,390
Macabebe WD 4,132
Malinao WD NQ
Marilao WD 31,357
Masantol WD 667
Mati WD 18,969
Metro Ozamis WD 38,989
Metro Siargao WD 6,023
Metropolitan 43,966
Tuguegarao WD
Meycauayan WD 49,689
Muñoz WD 1,151
Nabunturan WD 7,869
Naujan WD 652
Odiongan WD 369
Orani WD NQ
Oroquieta City WD 6,314
Paniqui WD 27,220
Paracale WD 1,204
Peñablanca WD 5,143
Pilar (Sorsogon) WD 3,697
Pinamalayan WD 1,737
Pola WD 1,102
Polomolok WD 7,639
Quezon Metro WD 10,838
Roxas (Isabela) WD 6,422
Roxas (Palawan) WD 155
San Andres WD 569
San Isidro (Davao 4,343
Oriental) WD
San Jose (Occ. Mindoro) 6,203
WD
San Jose Del Monte City 93,413
WD
Santiago WD 47,642
Sibulan WD NQ
Silang WD 5,627
Sindangan WD 1,004
Sta. Cruz (Zambales) 478
WD
269
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Subic WD 8,018
Tabaco City WD NQ
Tagum WD 88,873
Talibon WD NQ
Talugtug WD NQ
Tanay WD 28,415
Taytay (Palawan) WD 206
Trece Martires City WD 4,721
Tubod-Baroy WD NQ
Valencia City WD NQ
Virac WD 1,822
The (1) partial; (2) non- a. Require the Project/ Davao City WD 13,208
implementation; (3) Program Officer to Panabo WD 2,055
partial completion of monitor closely the Tagum WD 8,785
programs/ plans within status of implementation
timelines; or (4) non- of approved programs/
operational/ deffective; projects to avoid any
(5) unutilized project slippages and to take
resulted in: (a) immediate and
deprivation delayed appropriate corrective
delivery of measures necessary to
services/projects to complete the same
intended beneficiaries/ within timeline;
purpose and affected the
operations of the b. Provide sanctions for
Corporation; (b) non-completion or
delayed implementation failure to deliver
of the water supply required output/s on
project funded by the time;
National Government
through the General c. Conduct thorough
Appropriations Act of planning and feasibility
2014 could have been studies to ensure timely
avoided had the project implementation
procurement process and usage of funds and
been conducted in a the achievement of
timely and complete project objectives; and
manner, and the
materials actually d. Require the supplier to
delivered conformed to deliver immediately the
the specifications per materials with correct
contract. specifications and
impose liquidated
damages on the delays
incurred from scheduled
delivery sate up to
actual delivery.
270
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Failure to provide 100 Continue the exploration Bustos WD NQ
percent water coverage and implement expansion Castillejos WD NQ
to all barangays in the of water source projects to Lubao WD NQ
District’s franchise area, achieve 100 percent water Moncada WD NQ
when it targeted through coverage in the District’s Paniqui WD NQ
the Philippine franchise area or zero Tarlac City WD NQ
Development Plan waterless area.
(PDP) to reduce
waterless areas to zero
by 2016; thus, the
economic growth and
public health at these
barangays were not
promoted.
Absence/non-utilization a. Establish guidelines and Ajuy WD NQ
of/inoperative flow procedures on the Balatan WD NQ
meters to measure water proper costing for Non- Baler WD NQ
production rendered revenue Water (NRW) Barcelona WD NQ
the reliability of the and water losses; Cabusao WD NQ
reported efficiency and Culion (Palawan) WD NQ
water loss b. Install/utilize/repair Damulog WD NQ
levels/doubtful, flow meters to measure Dingle-Pototan WD NQ
contrary to LWUA the volume of water Dipaculao WD NQ
Resolution No. 444, production at a given Gattaran WD NQ
Series of 2009. time in order to Lemery ( Iloilo) WD NQ
determine whether the Luna WD 2,543
level of Non-revenue New Corella WD NQ
Water (NRW) are Sibagat WD NQ
within the LWUA Sto. Niño (Cagayan) 6,422
approved maximum WD
NRW of 20 percent; and
271
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
establishment of water utilization, depending on Madrid WD NQ
meter testing facility as the condition of the Metro Siargao WD NQ
prescribed in LWUA operation pursuant to Metropolitan Naga WD NQ
Memorandum Circular LWUA Memorandum Prosperidad WD NQ
No. 014-10 dated Circular No. 014-10. Sibagat WD NQ
December 2, 2010, thus, Tabaco City WD NQ
accuracy of water meter
readings cannot be
ensured.
Propriety and legality of a. Submit to LWUA the Aurora WD NQ
water rates and other water rates and other Prosperidad WD NQ
charges required to be various charges for their Santiago WD NQ
paid by the review and approval to Sibagat WD NQ
concessionaires of the establish compliance Sto. Niño (Cagayan) NQ
Water Districts were with the provisions WD
doubtful due to any or prescribed under Section Tagoloan WD NQ
combination of the 63 of PD 198;
following:
a) Minimum Charge b. Conduct door to door re-
exceeded 5% of the assessment of the
average income of District’s
the Low Income concessionaires, giving
Group (LIG); priority to the above
listed concessionaires
b) Corporate Income and properly identify
and Franchise Taxes whether each service
were still connection is
incorporated in the Residential/Government
water rates; Commercial/Industrial
or any of its sub-
c) unchanged rates classifications and
after availment of Bulk/Wholesale; and
new loans;
c. Carefully conduct
d) not submitted for assessment on the
review and approval application of new water
by LWUA as service connections to
provided under ensure that the service
Section 63 of connections are
Presidential Decree appropriately and
198, as amended; or correctly classified.
e) improper imposition
of water rates to
corresponding
concessionaires
classification
contrary to
Commercial class
272
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
identification
prescribed in the
LWUA Manual on
Water Rates and
Related Practices
dated February
2000.
Non or lenient a. Monitor the collection Amulung WD 314
implementation of process and strictly Angadanan WD 13,896
disconnection policy/ implement the policies Aurora WD 177
absence/poor billing and resolutions on Bacuag WD 621
and collection penalty charges and Bansalan WD NQ
procedures resulted in issuance of notice of Baras WD NQ
uncollected disconnection; Bato (Catanduanes) WD NQ
reconnection fees, Cabagan WD 962
accumulation of b. Establish intensive and City of Ilagan WD 3,637
receivables/past due effective collection City of Koronadal WD NQ
receivables, and non- strategies and programs Cordon WD 3,002
realization of additional that will encourage Del Gallego WD NQ
funds to sustain the disconnected Diffun WD 1,770
WDs operations. concessionaires to Hagonoy (Hagonoy) NQ
reopen the accounts and WD
subsequently pay their Hinatuan WD 1,825
outstanding bills; Igacos WD NQ
Jose Panganiban WD NQ
c. Enforce legal action on Kiblawan WD NQ
outstanding accounts Lal-lo WD 266
with material amount of Libmanan WD NQ
balances; and Maddela WD 6,417
Metro Siargao WD 1,469
d. Request to COA the Nabunturan WD NQ
write off of dormant Panabo WD NQ
accounts pursuant to Pandan WD NQ
COA Circular No. 2016- Paracale WD NQ
005 dated December 19, Peñablanca WD 3,303
2016. Pili WD NQ
Polomolok WD NQ
Reina Mercedes WD 2,568
Roxas (Isabela) WD 3,412
San Andres WD NQ
Santiago WD 8,265
Sibulan WD NQ
Surigao Metropolitan 15,900
WD
Tagum WD NQ
Talisay WD NQ
Virac WD NQ
Non-allocation/non- Ensure that the sinking Baao WD 1,240
setting aside/non- fund reserve is allocated to Babatngon WD NQ
273
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
deposit of the required avoid imposition of Libmanan WD 720
sinking fund reserve sanctions/ penalties in case
pursuant to the contract debts are not paid as these
of loan with LWUA. fall due.
Non-allocation of a Allocate funds for debt Abulug WD NQ
reserve funds for debt service and operating and Aurora WD NQ
service and operating maintenance to be used Gattaran WD NQ
and maintenance to be purposely during periods Luna WD NQ
used during periods of of calamities, force Roxas (Isabela) WD NQ
calamities, force majeure or unforeseen Santiago WD NQ
majeure or unforeseen events and allocate Sto. Niño (Cagayan) NQ
events and for reserves for the expansion WD
expansion and and improvement of its
improvement of its physical facilities, in
physical facilities compliance with Section
contrary to Section 41 41 of PD No. 198.
of PD No. 198.
Incomplete/non- a. Strictly observe the Abulug WD NQ
formulation/non- provisions of DOH AO Ajuy WD NQ
implementation/ partial No. 2014-0027 and Alimodian WD NQ
compliance on the LWUA MC No. 004-15, Amulung WD NQ
development/non- 010-14, and to Angadanan WD NQ
submission to LWUA develop/implement Anilao WD NQ
and DOH for review, WSP; Aurora WD NQ
approval and Babatngon WD NQ
monitoring of its b. Regularly monitor the Bacolod (Lanao del NQ
implementation of quality of its produced Norte) WD
Water Safety Plans water by conducting Balatan WD NQ
(WSP) required under monthly bacteriologist Baler WD NQ
Administrative Order test of its produced Baras WD NQ
(AO) No. 2014-0027 water and subjecting its Bato (Catanduanes) WD NQ
issued by the water sources to annual Bislig WD NQ
Department of Health physical and chemical Bombon WD NQ
(DOH) and Local Water analysis; and Buenavista (Agusan del NQ
Utilities Administration Norte) WD
(LWUA) Memorandum c. Ensure that the water Cabangan WD NQ
Circular No. 004-15 and produced by the Water Cabusao WD NQ
010-14 for the District undergo an Calamba WD NQ
observance and independent physical City of Koronadal WD NQ
measures on the and chemical analysis in Claveria WD NQ
prevention, mitigation accordance with Concepcion (Iloilo) WD NQ
and preparedness in Philippine National Cordon WD NQ
dealing with risks that Standards for Drinking Culion (Palawan) WD NQ
threaten the safe quality Water (PNSDW) of Del Gallego WD NQ
of drinking-water and 2017. Dingle-Pototan WD NQ
public health. Donsol WD NQ
Dumangas-Barotac NQ
Nuevo WD
Gattaran WD NQ
274
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Gen. Natividad WD NQ
Hinatuan WD NQ
Jaro WD NQ
Kapatagan WD NQ
Kasibu WD NQ
Kauswagan WD NQ
Kolambugan WD NQ
Lal-lo WD NQ
Lemery (Iloilo) WD NQ
Leon WD NQ
Libmanan WD NQ
Linamon WD NQ
Luna WD NQ
Lupao WD NQ
Mambajao WD NQ
Marilao WD NQ
Moncada WD NQ
Naval WD NQ
Odiongan WD NQ
Pandan WD NQ
Paniqui WD NQ
Paracale WD NQ
Peñablanca WD NQ
Pinamalayan WD NQ
Pola WD NQ
Polomolok WD NQ
Puerto Princesa City NQ
WD
Reina Mercedes WD NQ
Romblon WD NQ
Roxas (Isabela) WD NQ
Roxas (Or. Mindoro) NQ
WD
Roxas (Palawan) WD NQ
San Andres WD NQ
San Ildefonso WD NQ
San Joaquin WD NQ
Sibagat WD NQ
Sibulan WD NQ
Sta. Cruz (Zambales) NQ
WD
Sto. Niño (Cagayan) NQ
WD
Subic WD NQ
Tagoloan WD NQ
Talibon WD NQ
Talugtug WD NQ
Tanza WD NQ
Tarlac City WD NQ
Trece Martires City WD NQ
275
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Viga WD NQ
Virac WD NQ
276
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
functioning internal
control system.
277
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Various Disbursement a. Immediately instruct all Bacuag WD 5,175
Vouchers charged concerned to prepare Bislig WD 61,350
against the Corporate and use Budget Del Carmen WD 2,433
Operating Budget Utilization Request in Hinatuan WD 14,542
(COB) were not the form prescribed in
supported with the COA Circular No. 2006-
Budget Utilization 004 to be signed by the
Request (BUR) and no Heads of the Requesting
Registry of Budget and Unit and the Head of the
Utilization (RBU) was Budget Unit;
maintained to monitor
the utilization of the b. Instruct the officers and
budget as prescribed personnel of the
under COA Circular Accounting Unit to
No. 2006-004 thus, the process claims against
necessity and legality of the corporate finds only
the charges against if supported with
COB were not accomplished Budget
warranted by the Utilization Request;
concerned responsible
officials and the c. Ensure that BUR for
fundamental principle every transaction is duly
of shared fiscal certified by the Head of
responsibility in the Requesting Unit on
government transactions the necessity and
was not fully observed. legality of charges to the
budget under his/her
supervision and the
validity, propriety and
legality of the
supporting documents
and by the Head of the
Budget Unit or its
equivalent on the
availability of budget
earmarked/utilized for
the purpose; and
278
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Agreement resulted in matter; and Tarlac City WD NQ
non-monitoring of the
District whether this b. If the view of the Audit
had been correctly Team was affirmed by
reported and the the BIR, amend/insert a
corresponding tax been provision in the JV
paid by its JV partner in Agreement regarding
violation of Section 119 the imposition and
of RA No. 8424 (The payment of franchise
Tax Reform Act of taxes.
1997), as amended, and
Item III Sections Q13
and A13 (vii) and (ix)
of the BIR Unnumbered
Revenue Memorandum
Circular.
B. FINANCIAL AND COMPLIANCE
Cash
The accuracy of the a. Prepare and/or update Aleosan WD 225
Cash and Cash regularly complete bank Anilao WD NQ
Equivalents accounts reconciliation statements Baao WD 360
were not established at the close of each Babatngon WD 297
due to either or month in accordance Bansalan WD 652
combination of the with Section 74, PD Bombon WD 131
following: 1445; Buenavista (Agusan del 367
Norte) WD
(1) unadjusted b. Make representation Butuan City WD 498,202
reconciling items with the banks for the Cagayan de Oro City 476,041
between the books submission of the debit WD
and bank balances; and credit advices and Cantilan WD 382
(2) discrepancies other relevant Damulog WD NQ
between the book documents to support Del Carmen WD 5,263
balances and the recording of bank Dingle-Pototan WD NQ
banks’ reconciling items; Dumangas-Barotac NQ
confirmation Nuevo WD
replies/accounting c. Analyze and identify Gen. Mariano Alvarez 2,479
and cashier’s discrepancies and all WD
record/System unreconciled items and Lemery (Iloilo) WD 311
Generated list of exert efforts to reconcile Leyte Metropolitan WD 2,580
collections and the long, unaccounted Lianga WD 2,035
collections bank transactions to Libmanan WD 36, 230
recorded per GL; identify; Madrid WD 6,734
(3) erroneous/non- Metro Lipa WD 199
preparation d. Ensure that checks Panabo WD 639
insufficient prepa- drawn against the bank Quezon Metro WD 334
ration of bank accounts are covered Sulat WD 548
reconciliation with sufficient funds; Surigao Metropolitan 65,939
statements WD
279
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
(BRS)/subsidiary e. Cause immediate Taft WD 381
ledgers and/or Cash preparation and/or Talisay WD 21,505
Receipt Record submission of subsidiary Tangub City WD 4,960
(CRR); ledger for cash account, Taytay (Palawan) WD 5,587
(4) delayed or non- BRS, DCPRs, JEVs, Wao WD 2,636
submission of the ORs, CRR and other
BRS, Daily Cash supporting documents;
Position Reports
(DCPRs), Journal f. Effect the necessary
Entry Vouchers adjustments to reflect
(JEV), Official the correct balances of
Receipts (ORs) and the affected accounts;
other supporting
documents; g. Disclose all vital
(5) incomplete information regarding
disclosure in the the District’s operation
Notes to Financial and its account which
Statement; could not be presented
(6) negative book in the financial
balance of statements in the Notes
account; to Financial Statement;
(7) erroneous/non- and
recording of
transactions/ h. Enroll to “we access”
erroneous services of the
preparation of depository bank to
BRS; and facilitate the prompt
(8) inadequacy of the submission of the
submitted bank monthly reconciliation.
statements and/or
supporting
documents.
Collections were not Comply with Sec. 69 of Angadanan WD NQ
remitted/deposited PD 1445 and COA Asuncion WD NQ
regularly and intact, Circular 97-002 and ensure Aurora WD NQ
contrary to Section 69 that collections are Babatngon WD 7,187
of P.D. 1445 and COA deposited regularly and Baras WD NQ
Circular 97-002, intact. Barcelona WD NQ
Section 21 of the Bongabon WD NQ
Manual on the New Butuan City WD 282,993
Government Cordon WD NQ
Accounting System Damulog WD NQ
(NGAS), as well as with Donsol WD NQ
the existing Agency Gen. Natividad WD NQ
policies and regulations, Kasibu WD NQ
resulting to: Maddela WD NQ
(a) the accumulation of Marawi WD 213
undeposited collections; Pandan WD NQ
(b) untimely recording Pinamalayan WD 172
280
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
of remittances; and Polanco WD NQ
(c) exposure thereof to Roxas (Isabela) WD NQ
possible loss or Silang WD NQ
misappropriation. Taytay (Palawan) WD 178
Deposit of government a. Comply with the Alimodian WD NQ
funds in various private provisions of Section 69 Angeles City WD NQ
banks is not in of PD 1445, DOF Anilao WD NQ
consonance with Department Circular Bacolor WD NQ
Section 69 of PD 1445, Nos. 001-2015 and 001- Bago City WD NQ
the Department of 2017, Department Order Concepcion (Iloilo) WD NQ
Finance (DOF) Circular No. 27-05 and LWUA Dingle-Pototan WD NQ
Nos. 001-2015 and 001- Memorandum Circular Dipolog City WD 22,346
2017, DOF Department No. 007-17 and deposit Dueñas WD NQ
Order No. 27-05 and government funds in Gattaran WD NQ
LWUA Memorandum Authorized Government Gen. MacArthur WD NQ
Circular No. 007-17. Depository Banks Kasibu WD NQ
(AGDBs); and La Trinidad WD 291
Lemery (Iloilo) WD NQ
b. Seek prior approval by Metro Lipa WD NQ
DOF in maintaining a Norzagaray WD NQ
depository account with Pola WD 897
private banks/banks San Ildefonso WD 435
which are not designated Tandag WD 4,088
as AGDBs, otherwise,
transfer all government
funds to AGDBs.
Replenishment and a. Replenish the fund Angadanan WD NQ
utilization of petty cash when the disbursements Calabanga WD NQ
funds were contrary to reach at least 75%, or as City of Ilagan WD NQ
COA Circular No. 97- the need requires; Cordon WD NQ
002 and/or Section 39, Damulog WD 106
Vol. I of the NGAS b. Discontinue payments Laguna WD 644
Manual. for regular expenses out Roxas (Isabela) WD NQ
of the PCF;
reimbursement of
expenses should be paid
out of properly
approved petty cash
disbursement vouchers;
and
281
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
The absence of: Prepare the required Angadanan WD NQ
(1) record of cash reports and records to Bacuag WD NQ
accountabilities; establish accountability for Barobo WD NQ
(2) report of monthly cash and to facilitate Cabusao WD NQ
accountability for monitoring of collections, Calamba WD NQ
accountable forms; deposits and Del Carmen WD NQ
(3) inadequacy of data disbursements. Gen. Mariano Alvarez 131
(4) non-preparation WD
of the required reports Kiblawan WD NQ
and other supporting Luna WD NQ
documents Maddela WD NQ
resulted in the doubtful Metro Lipa WD NQ
validity and accuracy of Pandan WD NQ
recorded transactions Reina Mercedes WD NQ
pertaining to Viga WD NQ
collections, deposits and Virac WD NQ
disbursements, contrary
to existing accounting
rules and regulations.
Loans and Other Receivables
Loans/contracts/other a. Continuously monitor Ajuy WD 1,596
receivables remained and intensify efforts to Baao WD 959
uncollected or have increase collection of Balanga WD 2,650
long been receivables through Baliwag WD 4,348
outstanding/past due/ issuance of demand Baybay City WD 1,393
dormant thus, exposing letters; Bulacan WD 2,005
the agency to liquidity Bustos WD 1,647
risk, reduced the b. Devise other options Cabangan WD 403
amount of resources for and if warranted, resort Cagayan de Oro City 989
operations/lending/relen to legal means to WD
ding that could have enforce settlement of Calabanga WD 2,353
generated additional accounts including those Calumpit WD 5,512
income for the agency, pertaining to prior years Castillejos WD 953
and casts doubt as to without request for write Catarman WD 2,195
their collectability. off; City of Koronadal WD 4,836
City of Malolos WD 10,461
c. Exhaust all viable Dinalupihan WD 2,891
means to collect all long Dipolog City WD NQ
outstanding/dormant/ Dueñas WD 1,502
delinquent receivable or Guagua WD 3,382
past due accounts and Hagonoy WD 2,368
ensure proper Hermosa WD 277
documentation of Jose Panganiban WD 1,501
accounts and Libmanan WD 1,474
coordination of Limay WD 1,075
concerned Agencies; Lubao WD 2,191
Maasin WD 1,116
d. Set collection targets to Marawi WD 53,439
determine and assess Marilao WD 15,183
282
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
collectability of the Mariveles WD 1,675
accounts as basis for Metro Lipa WD 55,513
further action to be Metropolitan Naga WD 5,395
undertaken; Meycauayan WD 12,033
Naujan WD 432
e. Strictly impose Odiongan WD 176
disconnection policy for Orani WD 1,413
active water Orion WD 856
concessionaires with Paracale WD 7,010
past due accounts; and Pilar (Sorsogon) WD 1,031
Pili WD 3,557
f. Conduct in-depth Plaridel WD 1,069
analysis and verification Polomolok WD 8,720
of the receivables, and Puerto Princesa City 32,339
request from COA for WD
possible write-off of Romblon WD 232
those deemed San Ildefonso WD 3,128
uncollectible accounts San Jose Del Monte City 23,661
after exerting all efforts WD
and complying with the San Miguel WD 1,726
requirements for write- San Rafael (Bulacan) 1,593
off of dormant accounts WD
pursuant to COA Santa Maria (Bulacan) 2,109
Circular No. 2016-005. WD
Silang WD 1,811
Sindangan WD NQ
Sta. Cruz (Zambales) 584
WD
Subic WD 3,156
Tanauan WD 10,227
Tanza WD 971
Tarlac City WD 8,374
Taytay (Palawan) WD 1,570
Trece Martires City WD 11,656
Viga WD 340
Discrepancies between a. Analyze the causes of Aurora WD 254
the General Ledger discrepancies between Baao WD 307
(GL) and Subsidiary the GL and SLs, Bacuag WD 427
Ledgers (SLs)/ reciprocal accounts, Baguio WD 1,229
reciprocal accounts of aging schedules, and Baler WD 461
receivable and payable confirmation replies and Bocaue WD 1,324
and/or against the aging cause the Butuan City WD 9,366
schedules/Monthly Data reconciliation/adjustmen Cabanatuan City WD 249
Sheet (MDS)/results of t of affected accounts to Cadiz City WD 1,948
confirmation resulted in reconcile their balances; Calabanga WD 2,191
unreconciled items, Calumpit WD 177
hence, the correct b. Coordinate with the City of Malolos WD 570
balances of receivable Programmer whether Cordon WD 3,792
accounts cannot be there are ways for the Dingle-Pototan WD 621
283
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
ascertained. system to generate Dumangas-Barotac 616
reports which would Nuevo WD
help the Accounting and Gen. Mariano Alvarez 8,606
Billing to reconcile both WD
records; or Hinatuan WD 2,888
Laguna WD 11,378
c. Consider acquiring a Libmanan WD 211
new Billing and Malaybalay City WD 1,783
Collection System Mambajao WD 126
which have been proven Manolo Fortich WD 1,598
and tested by other Metropolitan 8,334
established WDs that Tuguegarao WD
could meet the Norzagaray WD 895
reportorial demands of Odiongan WD 526
the district. Quezon Metro WD 6,171
Reina Mercedes WD 1,962
San Jose Del Monte City 2,015
WD
Santiago WD 9,010
Sibulan WD 449
Sindangan WD 326
Sto. Niño (Cagayan) 408
WD
Surigao Metropolitan 350
WD
Tabaco City WD 120
Talisay WD 17,077
Tanauan WD 475
Tanay WD 203
Trece Martires City WD 4,720
Virac WD 586
Unsubstantiated/incomp a. Exert all effort to trace Abulug WD 1,627
lete/ non- the balances of Aleosan WD 582
maintenance/absence of receivables accounts and Alimodian WD 709
reports, subsidiary locate their supporting Amulung WD 1,521
ledgers/ contracts/aging documents; Anilao WD 990
schedules and/or non- Cabusao WD NQ
submission of b. Maintain/update the Cadiz City WD 1,028
supporting documents required SLs/aging Gattaran WD 815
cast doubts on the schedules; and Gen. MacArthur WD 197
existence/ accuracy of Jordan WD 1,888
the receivable and the c. Execute the required Kumalarang WD NQ
Corporation’s rights contract and/or locate Lemery WD 848
over them. and submit the required Leyte Metropolitan WD 6,064
documents to establish
validity of claims and to
support the recorded
transactions in the
books.
284
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Erroneous recording/ Prepare the necessary Cagayan de Oro City 176,231
classification or non- adjusting entry to reflect WD
recognition/non- the accurate balance of the Dipolog City WD 13,572
recording in the books accounts affected. Hinatuan WD 805
of accounts resulted in Silang WD 253
the doubtful validity of
the accounts and
misstatement of the
affected accounts.
Allowance for a. Classify and evaluate Abulug WD NQ
impairment the receivable accounts Ajuy WD NQ
loss/doubtful correctly to determine Angadanan WD NQ
accounts/bad the appropriate Angeles City WD 20,480
debts/probable loss was allowance for doubtful Anilao WD NQ
either (a) not provided accounts and to Bombon WD NQ
or (b) in excess or recognize impairment Cagayan de Oro City WD 33,658
inadequate due to loss in compliance with Cantilan WD 936
deficiencies/errors in PAS 39; City of Koronadal WD 654
computation/without Concepcion (Iloilo) WD NQ
bases/absence of b. Prepare adjusting entries Culion (Palawan) WD 653
objective evidence of to ensure fair Dingle-Pototan WD 3,531
asset impairment, presentation of the net Dipolog City WD NQ
contrary to PAS 39/Sec. realizable value of the Dueñas WD NQ
66 of NGAS/PFRS 9, receivable accounts and Dumangas-Barotac Nuevo NQ
resulting in the the related expense Gen. Mariano Alvarez 771
misstatement of the accounts in compliance WD
receivable and related with PAS 39. Jordan WD 1,888
expense accounts. Lemery (Iloilo) WD NQ
Macabebe WD 1,221
Maramag WD 4,792
Naval WD 2,019
Prosperidad WD 918
Puerto Princesa City WD 26,300
Quezon Metro WD 16,486
Roxas (Or. Mindoro) WD 6,506
San Joaquin WD 910
Sibulan WD 1,742
Silang WD NQ
Sta. Cruz (Zambales) NQ
WD
Taft WD 1,186
Talibon WD 1,789
Talisay WD 296
Tanauan WD 2,151
Tanay WD 2,240
Taytay (Palawan) WD 1,396
Cash Advances
Cash advances granted a. Cause the immediate Bacuag WD 189
285
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
to officers and liquidation of all Del Carmen WD 102
employees remained outstanding cash Naval WD 451
unliquidated; additional advances where the Pinamalayan WD 649
cash advances were purpose/s for which Puerto Princesa City NQ
granted despite failure were already served and WD
to liquidate previous those which remained Quezon Metro WD 4,531
cash advances received unused for over two Silang WD 221
from the Agency, months in accordance Sulat WD 337
contrary to COA with existing laws, rules Surigao Metropolitan 1,272
Circular Nos. 97-002 and regulations; WD
and 2012-004 and
Section 89 of P.D. b. Refrain from granting
1445. additional cash advances
to those with still
unliquidated prior cash
advances; and.
c. Verify the
completeness of
286
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
supporting documents
before certifying any
claims for payment in
compliance with
Section 4(6) of
Presidential Decree
(PD) No. 1445.
287
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
balances; the correct book balance Gen. MacArthur WD 238
c) discrepancies of the of inventories; General Santos City WD 39,479
balances in the Libmanan WD 2,348
books as against the c. Submit the required Maddela WD 1,853
report on the supporting documents; Metro Lipa WD 216
physical count; Metro Siargao WD 447
d) discrepancies d. Conduct periodic Metropolitan Naga WD 2,319
between the stock reconciliation of the Metropolitan 1,350
cards or inventory accounting and supply Tuguegarao WD
reports, stock cards records with the RPCI; Naval WD 3,155
and report on the Peñablanca WD 277
physical count; e. Prepare, maintain and Pinamalayan WD 4,279
e) absence or update regularly the Polomolok WD 9,133
incomplete Stock Ledger Cards, as Quezon Metro WD 28,870
records/reports/contr well as the Subsidiary Reina Mercedes WD 2,162
acts/subsidiary Ledgers for each item as Roxas (Isabela) WD 1,142
ledgers (SLs)/stock control records and to Santiago WD 6,980
cards and other facilitate the Sto. Niño (Cagayan) 229
supporting reconciliation of WD
documents; balances; and Surigao Metropolitan 17,040
f) existence of WD
negative balances; f. Ensure the monthly Talisay WD 2,347
and submission of the Tanauan WD 124
g) usage of Report of certified correct Journal Tanay WD 850
Supplies and Entry Vouchers together
Materials Issued not with the supporting
in the prescribed documents such as the
form and not Report on Supplies and
supported with the Materials Issued (RSMI)
Requisition and and corresponding
Issue Slip. Requisition and Issue
Slips for issuance of
inventories.
Property, Plant and Equipment (PPE)
The reliability of the a. Conduct and/or Abulug WD 25,987
balance of the Property, complete the physical Ajuy WD 5,757
Plant and Equipment count of PPE; Aleosan WD 2,587
(PPE) accounts was Angadanan WD 3,792
doubtful due to any or b. Analyze and reconcile Anilao WD 3,482
combination of the the Inventory Report Aroroy WD 3,150
following conditions: with the accounting and Aurora WD 3,783
a) incomplete/non- property records to Baao WD 5,737
conduct of physical establish the accuracy of Babatngon WD 7,181
count; the recorded balances of Bacacay WD 8,021
b) partial/non- the PPE accounts; Bacolod (Lanao del 26,570
reconciliation of the Norte) WD
results of physical c. Prepare the necessary Bansalan WD 52,881
count with book adjusting entries to Barcelona WD 334
balances and relevant correct the balances of Baybay City WD 54,030
288
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
accounting records; the affected accounts; Bayugan WD 441
c) absence/non- and Bombon WD 30,916
submission of Bongabon WD 29,473
physical inventory d. Prepare and submit the Bustos WD 44,688
report; required supporting Butuan City WD 6,442
d) existence of documents/reports. Cabagan WD 31,126
abnormal Cabusao WD NQ
balances/unrecorded Calamba WD 614,908
items; City of Malolos WD 272,257
e) discrepancies Concepcion (Iloilo) WD 12,106
between the General Culion (Palawan) WD 21,962
Ledger (GL) and Damulog WD 3,569
Subsidiary Ledgers Del Carmen WD 9,297
(SLs) or physical Diffun WD 20,261
count; Dingle-Pototan WD 65,795
f) absence/incomplete Dipaculao WD 3,218
supporting Dipolog City WD 165
documents/SLs/prope Donsol WD 1,815
rty cards; Dueñas WD 8,709
g) inclusion of Dumangas-Barotac 25,483
unserviceable Nuevo WD
properties; and Gattaran WD 9,789
h) reconciling items General Santos City WD 524,617
remain unadjusted in Hernani WD 4,845
the property and Igacos WD 23,018
accounting records. Ilocos Norte WD 19,985
Jaro WD 10,936
Jordan WD 24,447
Kapatagan WD 58,206
Kauswagan WD 17,324
Kibawe WD 12,701
Kolambugan WD 8,054
Kumalarang WD 143
La Trinidad WD 38,228
Laguna WD 449,435
Legazpi City WD 397,330
Lemery (Iloilo) WD 12,065
Leyte Metropolitan WD 1,474
Libmanan WD 5,771
Licab WD 37,245
Linamon WD 5,611
Lupao WD 24,275
Maasin WD 28,441
Maddela WD 22,063
Malinao WD 2,330
Marawi WD 42,918
Metro Lipa WD 5,298
Metro Siargao WD 17,470
Meycauayan WD 128,744
Naval WD 1,338
289
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Norzagaray WD 136,630
Oroquieta City WD 52,659
Peñablanca WD 13,715
Pilar (Capiz) WD 22,406
Pili WD 1,010
Pola WD 9,793
Puerto Princesa City 780,851
WD
Quezon Metro WD 908,378
Reina Mercedes WD 26,344
Romblon WD 13,501
Roxas (Isabela) WD 29,418
Roxas (Or. Mindoro) 350
WD
Roxas (Palawan) WD 27,676
San Isidro (Northern 3,428
Samar) WD
Santiago WD 557,770
Sibulan WD 5,742
Sto. Niño (Cagayan) 11,545
WD
Sultan Kudarat WD 172,325
Surigao Metropolitan 3,881
WD
Talisay WD 51,249
Tanauan WD 269,196
Tanay WD 164,278
Tandag WD 143,131
Tangub City WD 90,894
Tanza WD 1,549
Taytay (Palawan) WD 15,658
Tubod-Baroy WD 17,414
Valencia City WD 157,132
Virac WD 116
Zarraga WD 34,303
Non- a. Conduct periodic Baao WD NQ
recording/erroneous reconciliation of the Bacacay WD 509
recording of agencies financial B.E. Dujali WD 1,634
transactions or reports and records on Bacuag WD 278
misclassification/non- implemented projects, as Bago City WD 4,670
reclassification/non- these reports and records Bombon WD NQ
reconciliation of are accounting and Butuan City WD 2,608
accounts such as auditing tools in Cadiz City WD 12,729
Services and Meters establishing the correct Carcar WD 22,320
account/non-transfer of balance of the CIP; Carmen (Davao del 592
completed PPE Norte) WD
structure/projects from b. Transfer completed Castillejos WD 585
the Construction in projects from the CIP Culion (Palawan) WD 1,379
Progress (CIP) accounts account to the respective Davao City WD 796,275
290
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
resulted in the asset account; Digos WD 30,578
misstatement of the Dipaculao WD 7,274
PPE, CIP and other c. Record the transferred Donsol WD 24,374
related accounts. PPE at its net carrying Gen. Mariano Alvarez 2,069
value, or at fair value; WD
Kapalong WD 1,698
d. Prepare the necessary La Trinidad WD 6,516
adjusting entries to Leyte Metropolitan WD 75,327
reflect the accurate Libmanan WD 2,474
balances of the PPE, Lupon WD 1,195
CIP, and other related Maasin WD 6,271
accounts; and Malaybalay City WD 1,006
Maramag WD 1,793
e. Reclassify the Meters Mati WD 4,166
account to Other Metro Lipa WD 6,732
Supplies Inventory – Nabunturan WD 15,984
Meters. Norzagaray WD 621
Oras WD 210
Paracale WD 800
Romblon WD 297
San Jose (Occ. Mindoro) 118
WD
Silang WD 2,648
Surigao Metropolitan 408
WD
Tanza WD 5,991
Unexpended balance of a. Revisit the process in Davao City WD 135,380
funds from completed preparation of Project Digos WD 6,622
projects under Completion and
Construction in Inspection Report
Progress (CIP) account (PCIR) by the
as at December 31, implementing
2017 were not reverted department and
to General Fund, but reconciliation in actual
allowed to remain in the cost to the Accounting
account until the Department;
balances are almost
exhausted for improper b. Require the Personnel In
charges, depriving the charge of the
District to utilize the implementing projects
savings for more to immediately submit
important program, to the Accounting
projects and activity Department the
which are needing fund documents of the
augmentation. completed projects
which are necessary to
support the reversion of
the unexpended balance
from completed
291
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
projects; and
292
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
undisposed. inventory of obsolete Baler WD 103
and unserviceable Bocaue WD 5,136
properties; Bustos WD 560
Castillejos WD 1,475
b. Cause the disposal of City of Malolos WD 227
the unserviceable Dingle-Pototan WD 759
property in accordance Dumangas-Barotac Nuevo 1,035
with Sec. 79 of PD WD
1445, COA Circular Floridablanca WD 10,009
No. 89-296, and Sec. 64, Jose Panganiban WD 730
Volume II of the NGAS Macabebe WD 7,482
Manual; and Metropolitan Naga WD 1,164
Pili WD 2,200
c. Reclassify said items Porac WD 610
pending their disposal in Romblon WD NQ
accordance with San Isidro (Northern 120
applicable accounting Samar) WD
standard requirement/s. San Jose Del Monte City 2,339
WD
Santa Maria (Bulacan) 872
WD
Sultan Kudarat WD 2,424
Tabaco City WD 10,277
Tanza WD 1,839
Victoria WD 410
Non-revaluation/non- Conduct appraisal of all Asuncion WD 32,873
appraisal of Property, PPE by an independent B.E. Dujali WD 8,044
Plant and Equipment and qualified appraiser or Baganga WD 6,092
(PPE) was contrary to expert as required under Bansalan WD 52,290
paragraphs 31 and 32 of PAS 16 and COA Carmen (Davao del Norte) 11,264
Philippine Accounting Resolution No. 89-17. WD
Standards (PAS) 16 and Davao City WD 1,718,112
COA Resolution No. Digos WD 107,962
89-17, thus, rendered Hagonoy (Davao del Sur) 16,355
the balances of the PPE WD
accounts doubtful. Igacos WD 11,332
Kapalong WD 4,099
Kiblawan WD 7,427
Lupon WD 29,638
Maasin WD 28,441
Mati WD 34,830
Nabunturan WD 6,271
Naval WD 54,267
New Corella WD 21,292
Panabo WD 92,861
San Isidro (Davao Oriental) 9,623
WD
293
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Intangible Assets
Acquired and internally a. Prepare the necessary Cabanatuan City WD 6,503
generated computer adjusting entries for the Norzagaray WD 145
software was fair presentation of the Santa Rosa (Nueva Ecija) 3,230
recognized in the books affected accounts; and WD
as PPE instead as Talavera WD 278
Intangible Assets b. Recognize intangible Talugtug WD 235
account contrary to PAS assets in accordance
38. with PAS 38.
Other Assets
Erroneous Analyze and prepare the Bato (Catanduanes) WD 1,397
recording/non-recording necessary adjusting entries Jose Panganiban WD 2,220
classification/ to reflect the accurate Sablayan WD 954
presentation/unreconcil balance of the other asset San Andres WD 710
ed amounts of other and affected accounts.
assets resulted in the
misstatement of the
other asset accounts
thus, affected the
reliability/accuracy of
Other Assets and the
related affected
accounts.
Loans/Accounts Payable and Other Payables
Several payable a. Analyze and confirm the Babatngon WD 1,349
accounts remained payable accounts to Bago City WD 227
outstanding/ determine their validity Benito Soliven WD 824
dormant/not settled for and completeness; revert Butuan City WD 745
more than one year to Retained Earnings Cordon WD 30,675
resulting in the undocumented payables Marawi WD 50,541
accumulation of long which have been Sibulan WD 890
outstanding payables outstanding for more Sindangan WD NQ
account and/or than two years as Tanauan WD 1,623
incurrence of interest provided under PD
and penalties for non- 1445; and
payment of the loans in
violation of the b. Strictly observe the
pertinent provisions of provisions on debt
the contract/ servicing and update the
MOA/rules/regulations/ monthly amortizations
Section 61 (e) of PD to avoid further
198 as amended by incurrence of penalties
Section 31 of PD 768 and interest.
and Sections 59 and 98
of PD 1445.
294
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Non-maintenance/ Submit the required Aleosan WD 417
incomplete /absence of supporting documents, Bocaue WD 401
reports/ supporting schedules, reports, SLs to Cabanatuan City WD 894
documents/ subsidiary prove existence, accuracy Cagayan de Oro City NQ
ledgers (SLs)/ schedules and validity of WD
to establish validity of loan/accounts and others City of Malolos WD 2,556
various payables. Dingle-Pototan WD 68,081
transactions/contracts Norzagaray WD 5,497
rendered the accuracy Sulat WD 1,048
and validity of the Victoria WD 11,961
payable transactions
and balances doubtful.
Non-reconciliation of a. Properly monitor the Abulug WD 1,786
the balances WDs payment of Ajuy WD 136
appearing in the loans, review the Loan Alimodian WD 194
general ledger of the Agreement and trace Aroroy WD 1,706
Water District with all the previous Asuncion WD 1,804
the records of the payments made; and B.E. Dujali WD 2,856
LWUA/confirmation Baao WD 6,330
replies from other b. Reconcile the balance Baganga WD 672
lenders resulted in the of the Loans Payable Barcelona WD 14,905
discrepancy which account per book of Bayugan WD 728
rendered the balance the Agency and per Carmen (Davao del 4,622
of the Loans Payable records; and Norte) WD
and other related Cordon WD 8,007
payable accounts c. Prepare corresponding Davao City WD 1,213
doubtful, contrary to adjusting entries as Dingle-Pototan WD 24,188
Section 111(1) and/or soon as the cause of Donsol WD 120
Sec. 59 of P.D. 1445 the difference is Dumangas-Barotac 2,117
and 73(a) of the New established. Nuevo WD
Government Gattaran WD 3,304
Accounting System Gen. MacArthur WD 15,079
(NGAS) Manual, Hagonoy (Davao del 3,877
Volume I. Sur) WD
Hernani WD 276
Igacos WD 260
Kapalong WD 492
Kiblawan WD 138
Lal-lo WD 6,539
Lemery (Iloilo) WD 195
Lupao WD 2,261
Lupon WD 11,457
Maddela WD 3,329
Mati WD 3,413
Nabunturan WD 3,612
New Corella WD 10,362
295
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Pilar (Sorsogon) WD 7,083
Pinamalayan WD 1,500
Quezon Metro WD 4,291
Roxas (Or. Mindoro) 4,953
WD
San Isidro (Davao 6,979
Oriental) WD
Santiago WD 30,970
Sulat WD 4,518
Taytay (Palawan) WD 11,008
Victoria WD 11,248
Erroneous Analyze/reconcile and Ajuy WD 1,712
classification/ prepare the necessary Anilao WD 11,038
recording/presentation/n adjusting entries to reflect Aroroy WD 553
on-recording/inclusion the correct balances of the Babatngon WD 1,190
of transactions without loans/accounts payable and Barcelona WD 2,165
basis/ non-recognition related affected accounts. Baybay City WD 2,063
in the books of Butuan City WD 82,241
loans/other payables/ Cabanatuan City WD 18,693
existence of Cabangan WD 1,773
discrepancies between Catarman WD 1,214
SL and GL balances Cordon WD 9,084
which practices were Culion (Palawan) WD 394
contrary to COA Davao City WD 34,019
Circular No. 2015-010 Kiblawan WD 423
and/or PAS 1 resulted Leyte Metropolitan WD 99,758
in the misstatement of Licab WD 2,071
the liability accounts, Metro Lipa WD 7,089
thus, affected the Metropolitan 12,689
reliability/ accuracy of Tuguegarao WD
the payable balances Naval WD 1,872
and the related affected Pandan WD 4,714
accounts. Paracale WD 3,399
Polanco WD 1,327
Puerto Princesa City 67,115
WD
Roxas (Palawan) WD 993
San Andres WD 325
Santiago WD 1,562,781
Silang WD 4,206
Sulat WD 174
Taft WD 1,818
Talugtug WD 6,582
Taxes Payable
Non-withholding from Comply with the BIR Angadanan WD 304
government money regulations on the Anilao WD 809
payments or non- withholding of government Aroroy WD NQ
296
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
remittance/ non- money payments; Babatngon WD NQ
payment of various remit/pay on time the taxes Bacolod (Lanao del NQ
taxes withheld/delayed/ withheld/tax due to the Norte) WD
deficient payment of BIR to prevent incurrence Baguio WD 444
taxes due to the Bureau of interest, penalties and Barcelona WD NQ
of Internal Revenue surcharges. Cabanatuan City WD 1,489
(BIR) exposed the Donsol WD NQ
agency to interest, Gen. MacArthur WD NQ
penalties and surcharges Lianga WD NQ
per applicable BIR Naval WD NQ
regulations/ Pilar (Sorsogon) WD NQ
memorandum circulars Puerto Princesa City 1,587
and the National WD
Internal Revenue Code. Quezon Metro WD 4,729
Sto. Niño (Cagayan) 140
WD
Sulat WD NQ
Tarragona WD NQ
Franchise tax of 2% of Discontinue passing-on of San Ildefonso WD 1,152
total water bills was franchise tax and comply Talugtug WD 229
passed-on to with the requirement of the
concessionaires, thus, NIRC.
the burden for which
the District is liable was
transferred to its
customers contrary to
Title V of the National
Internal Revenue Code
(NIRC) of 1997.
297
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
contrary to PAS 19 and balances to facilitate the
Item 3.2 of the DBM recognition of the cost
Budget Circular No. of the compensated
2002-1, resulting in the absences incurred for
under-statement of the current year;
liability and
overstatement of net c. Provide the necessary
income. cash reserve to ensure
its availability in the
event of the employees’
retirement; and
Revenue/Income accounts
Erroneous recording of Prepare the necessary Baybay City WD 4,655
transactions resulted in the adjusting entries to reflect the Laguna WD 506
misstatement of the accurate amount of the Naval WD 166
income and other affected income and affected Quezon Metro WD 2,474
accounts contrary to accounts.
PAS18/PAS 20 and COA
Circular No. 2015-010.
Water consumption of a. Recognize as income Muñoz WD 1,896
concessionaires for the water consumption Norzagaray WD 8,498
December were not of concessionaires for Ramos WD 1,368
accrued and recognized the month of December Santa Rosa (Nueva Ecija) 1,232
as Income contrary to in accordance with PAS WD
Philippine Accounting 1 and 18; and Talavera WD 2,059
Standards (PAS) 1 and
18, thus resulted in the b. Prepare the necessary
understatement of adjusting entries for the
Income and Receivable fair presentation of the
accounts. affected accounts.
298
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Charges for (a) water a. Distinguish from its Gen. Natividad WD 321
meter maintenance or books the unearned Muñoz WD 565
replacement; and (b) advance payments made Santa Rosa (Nueva Ecija) 1,843
services not yet for the water meter WD
rendered were maintenance or Talavera WD 1,927
recognized as Income replacement that were
contrary to Philippine recognized as income
Accounting Standards and prepare the
(PAS) 1 thus, resulted necessary adjusting
in the overstatement of entries for the fair
Retained Earnings and presentation of the
understatement of affected account; and
Deferred Credits.
b. Henceforth, recognize
income in accordance
with PAS No. 1.
Non-compliance with a. Strictly comply with the Abulug WD NQ
the Pertinent provision/s provisions of COA Amulung WD 7,619
of R.A. 9184 as Circular 2009-001, R.A. Angeles City WD NQ
amended and its 9184 and its RIRR, Aparri WD 29,239
Revised Implementing GPPB Circular, COA Aroroy WD NQ
Rules and Regulations Circular Nos. 2009-001 Baao WD NQ
(RIRR) and/or and 96-010 in the Bacacay WD 257
Memorandum Order procurement of goods, Bacolod (Lanao del 2,285
No. 15 dated May 9, services and Norte) WD
2011/requirements of infrastructure projects; Bacolor WD NQ
the Government and Balanga WD NQ
Procurement Policy b. Persons responsible Bislig WD NQ
Board (GPPB) Circular should be made to Butuan City WD 47,053
and/or non-compliance answer for any Cagayan de Oro City 900
with COA Circular Nos. damage/s that were WD
2009-001 and 96-010 caused due to the Carcar WD NQ
on the submission of delayed and/or non- Castillejos WD NQ
pertinent documents delivery of the procured Concepcion (Tarlac) NQ
relative to government goods. WD
contracts in the Dinalupihan WD NQ
procurement of goods Gattaran WD NQ
and services and Gen. Mariano Alvarez 21,421
infrastructure projects. WD
Gerona WD NQ
Gingoog City WD NQ
Hermosa WD NQ
Ilocos Norte WD 2,595
Legazpi City WD NQ
Limay WD NQ
Luna WD NQ
Mabalacat City WD NQ
Maramag WD 754
Mariveles WD NQ
299
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Masantol WD NQ
Metro Cotabato WD 35,000
Metro Lipa WD 63,978
Metro Siargao WD 190
Metropolitan Naga WD NQ
Meycauayan WD NQ
Moncada WD NQ
Orani WD NQ
Orion WD NQ
Paniqui WD NQ
Polanco WD 2,295
Quezon Metro WD NQ
Ramos WD NQ
San Miguel WD NQ
Santiago WD 356
Sindangan WD 230
Sto. Niño (Cagayan) NQ
WD
Sultan Kudarat WD 19,784
Tabaco City WD NQ
Tanauan WD 40,306
Tanay WD 1,753
Tanza WD 7,132
Trece Martires City WD 5,368
Non-compliance with a. Start procuring Aurora WD NQ
the provisions of common-use supplies Cordon WD NQ
Administrative Order and materials from the Kapatagan WD NQ
No. 17 on the Procurement Service Kasibu WD NQ
procurement of pursuant to the Kauswagan WD NQ
common-use supplies provisions of Kolambugan WD NQ
and materials from the Administrative Order Linamon WD NQ
Procurement Service No. 17; Luna WD NQ
(PS). Tubod-Baroy WD NQ
b. Secure a certification
that supplies and
materials are not
available before
procuring from other
suppliers, in cases that
items are not available
from the PS; and
c. Procurement of supplies
regularly needed should
be done on a quarterly
basis.
Non-compliance with a. Strictly comply with the City of San Fernando 271,495
the provisions of the 2013 NEDA JV WD
2013 NEDA Revised guidelines and the Floridablanca WD NQ
300
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Guidelines and provisions/terms of the Guagua WD NQ
Procedures for Entering JV contract on entering Meycauayan WD 216,199
into Joint Venture and performance of Paniqui WD 150,648
Agreements (JVA) JVA; and Tarlac City WD 250,098
between Government
and Private Entities/not b. Coordinate with and
aligned with existing have dialogues with
laws/lack of specific various government
guidelines on entering bodies like OP, NEDA,
into a JVA and/or LWUA, BIR, DOJ,
violation of DBM, CSC and COA
provisions/terms of the for guidance to resolve
JV contract by the JV issues on JVA.
partners.
Non-imposition of a. Demand payment of General Santos City WD 167
sanctions/non-collection liquidated damages from Maramag WD 2,318
of liquidated damages contractors for delayed Metropolitan 559
for delayed delivery of deliveries; and Tuguegarao WD
goods/ services as
required under the b. Ensure that Purchase
Revised Implementing Orders are properly
Rules and Regulations accomplished so that
(RIRR), R.A. 9184. sanctions can be
imposed for non-
compliance of the
provisions thereof.
Transactions were paid a. Ensure that all claims Calamba WD 998
without complete are properly and Gen. Mariano Alvarez 1,328
supporting completely supported WD
documentation in with documents to Laguna WD 264
violation to Sections establish the correctness
4(6) and 124 of PD No. of the claims pursuant to
1445, COA Circular the pertinent provisions;
2012-001 dated June and
14, 2012, Section 361 b. Strengthen the internal
of GAAM Volume 1, control system on
and COA Circular disbursement of the
2009-001. Agency’s working fund
by adhering to laws and
regulations.
Property, plant and Comply with COA Abulug WD NQ
equipment Circular No. 92-390 by Ajuy WD 5,757
(PPE)/acquired assets submitting the list of all Anilao WD 9,648
were not covered/with insurable assets and Balanga WD 71,360
expired/not properties of the GC to the Bombon WD NQ
updated/delayed GSIS to ensure that these Cabusao WD NQ
renewal of insurance are covered with adequate Cagayan de Oro City NQ
with GSIS General insurance with the General WD
301
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Insurance Fund and the Insurance Fund, to protect City Ilagan WD 122,394
Property Replacement the interest of the GC City of Koronadal WD 10,976
Fund contrary to COA concerned. Concepcion (Tarlac) 7,982
Circular 92-390, and WD
RA No. 656, as Cordon WD NQ
amended, thus, Del Gallego WD 59,946
exposing the agency to Dueñas WD 7,861
risk of not being Dumangas-Barotac 25,483
indemnified or Nuevo WD
compensated in case of Gattaran WD NQ
damage or loss of Gen. Natividad WD 22,261
property due to fire, or Hermosa WD 48,213
other fortuitous Jose Panganiban WD 16,498
event/casualty. Libmanan WD 58,624
Luna WD 13,000
Marilao WD 178,882
Metropolitan Naga WD NQ
Orion WD 14,179
Paracale WD 28,472
Polanco WD 57,179
Roxas (Isabela) WD NQ
San Joaquin WD 10,171
Sibulan WD 47,879
Sta. Cruz (Zambales) 6,577
WD
Sto. Niño (Cagayan) NQ
WD
Talibon WD 21,613
Talugtug WD 11,685
Tanza WD NQ
Trece Martires City WD NQ
Zarraga WD 31,756
Payment of a. Adhere to pertinent Aroroy WD 413
compensation/ compensation laws, Baguio WD 35,830
Additional rules and regulations in Baliwag WD 778
Compensation the grant of Gen. Mariano Alvarez 5,508
(AdCom) and Personnel compensation, WD
Economic Relief allowances, bonuses and La Trinidad WD 287
Allowance (PERA), other benefits; Metro Cotabato WD 1,561
and/or allowances Metropolitan Naga WD 6,100
and/or other benefits b. Submit documents Polanco WD 3,709
and incentives and indicating prior approval Quezon Metro WD 7,994
Extraordinary and by the Office of the Sibulan WD 3,994
Miscellaneous Expenses President as required Silang WD 8,948
(EME) to the Agency’s under Presidential Trece Martires City WD 1,388
BOT/BOD/officers/ Decree (PD) No.
employees/Management 1597/by the Governance
Committees/hired Commission for
employees under Government Owned or
302
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Contract of Services or Controlled Corporation
Job Orders/tobacco (GCG); or
farmer cooperators were
without bases/contrary
to existing laws, rules c. Discontinue the
and regulations and/or payment of
Executive Order No. compensation/
181 s. 2015 of the allowances/benefits/
Office of the President incentives in the
or the LWUA absence of legal basis/
Memorandum Circular authority to grant the
No. 007.15 (PBI)(PEI) same.
Executive Order (EO)
Nos. 248 and 298 or
LWUA Memorandum
Circular No. 009-12
(Foreign travel DSA)
for WDs, Section 4 of
PD 1445, Republic Act
6758, DBM Corporate
Compensation Circular
No. 10, Executive Order
No. 65, Section 7 of
Joint CSC-COA-DBM
Circular No. 1 series of
2017, and Section 42 of
RA 10924 or the
General Appropriations
Act (GAA) of CY 2017
and COA Circular
2012-003.
Payment for a. Discontinue the Baliwag WD 278
Representation and payment of Bulacan WD 259
Transportation Allow- RATA/honorarium/per Metro Cotabato WD 2,054
ances (RATA)/ diem/ reimbursement Naval WD 142
honoraria/per diem/ of travel/ Tanay WD 198
travel reimbursement/ communication
communication expenses in excess of
expenses and other the authorized rates;
reimbursable expenses and
were either in excess of
the authorized rates due b. Refund the excessive
to erroneous rate and/or amount of
equivalent ranks used reimbursable expenses/
contrary to existing RATA and pay only in
DBM/COA Circular. accordance with
existing rules and
regulations to avoid
disallowance in audit.
303
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Payment of Employees’ a. Discontinue the Baguio WD 2,362
Retirement payment of the said Baliwag WD 2,075
Plan/Provident Fund in benefit pending receipt Metro Kidapawan WD 899
addition to that paid to of authority from the Metropolitan Naga WD 3,721
the GSIS were contrary DBM and ensure that all Quezon Metro WD 8,483
to Section 10 of payments are covered Silang WD 3,710
Republic Act No. 4968, with legal basis or
an Act Amending the proper authorization;
Government Service and
Insurance Act, and not
consistent with Section b. Seek authority from the
5.3.2.2 of Budget DBM for the Agency’s
Circular No. 2008-3, monetary contribution to
Section 4 of Executive the Provident Fund,
Order No. 641, otherwise, cause the
RA No. 6758 and DBM refund to the Agency.
CC No. 10.
The Program on a. Stop the practice of Cagayan de Oro City 911,513
Awards and Incentives granting the WD
for Service Excellence PRAISE/PBB Kumalarang WD NQ
(PRAISE)/ incentives/ benefits that Maasin WD 3,360
Performance-based are not in accordance Sibulan WD 1,528
Bonus (PBB) were paid with prescribed
to BOD/ guidelines, laws, rules
officers/employees and regulations; and
without complying with
the guidelines/existing b. Require the concerned
laws, rules and employees to refund
regulations of the Civil the full amount of PBB
Service Commission received.
(CSC)/Dept. of Budget
and Management
(DBM)/Local Water
Utilities Administration
(LWUA)/ Governance
Commission on
Government-Owned or
Controlled Corporations
(GCG).
Payments for overtime a. Strictly adhere to the Bacuag WD 111
services is not in policies and guidelines Surigao Metropolitan 4,562
accordance with CSC- on Overtime services WD
DBM Joint Circular No. and Overtime pay for
1 series of 2015 Government Employees
resulting in excessive as prescribed in Section
expenditures while 10 of CSC-DBM Joint
depleting scarce Circular No. 1 series of
resources of the 2015;
District.
304
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
b. Instruct the approving
officer of the
Disbursement Voucher
and the Payroll master
to ensure that payments
are correctly computed
and properly supported
with complete
documents; and
305
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Funds of the Agency a. Exercise prudence and Aroroy WD 204
were used to pay for: strictly adhere to the Carcar WD 359
membership fees and provisions of PD 1445 Metropolitan NQ
annual dues to various and COA Circular No. Tuguegarao WD
associations; legal and 2012-003 in the use of
filing fees in connection government funds;
with appeals/s or
motion for b. Stop charging against
reconsideration filed the Agency funds the
before COA; meals and legal and other filing
snacks during meeting fees for appeals/
of BAC/Management motions for
Team/ ExeCom and reconsideration filed
other meetings; lakbay- with COA; and require
aral activities; the persons identified
advertisements; liable to refund said fees
provision of mobile paid out of Agency
phone in excess of one funds.
unit which expenditures
were considered to be
irregular, unnecessary
or excessive contrary
per PD 1445, COA
Circular No. 2012-003
and paragraph 7 of
COA Resolution No.
2013-016 dated 23
August 2013.
Disbursements for non- Avoid spending/utilization Puerto Princesa City 4,821
public purpose and of public funds for invalid/ WD
those not consistent irregular/unnecessary Roxas (Palawan) WD 522
with laws and rules purposes.
such as payment for
sponsorship of school
activities, donations to
concessionaires,
financial assistance to
various groups/
associations/institutions
will exhaust corporate
funds without any
benefit to the
government, which
practice is contrary to
COA Circular No.
2012-003 and
Administrative Order
No. 103.
306
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Partial/delayed/non- Remit to the GSIS/HDMF/ Angadanan WD 366
remittance of PhilHealth/NHMFC the Bacacay WD NQ
contributions/ contributions/premiums/lo Gattaran WD NQ
premiums/ loan an amortizations deducted Jose Panganiban WD NQ
amortizations withheld from the compensation of Maddela WD NQ
from the employees’ employees to avoid Pili WD 382
compensation expose sanctions/ penalties that Sindangan WD NQ
the agencies concerned may be imposed by the Taytay (Palawan) WD 146
to penalties and said agencies for delayed
sanctions under existing remittance thereof.
rules and regulations of
GSIS/HDMF/PhilHealth/
NHMFC.
Remittance of a. Instruct the Accounting Diffun WD 135
Employer’s Processor to deduct Dipolog City WD 156
contributions to Home only the amount of
Development Mutual P100.00 for each
Fund (HDMF) were employee as mandatory
more than monthly contributions
₱100.00/month per to HDMF. If the
member-employee employees wish to
which is not in contribute more than
conformity with Section ₱100.00, a separate
1, Rule VI of the column in the payroll
Implementing Rules should be made for the
and Regulations of additional contribution
Republic Act 9679, thus under MP2; and
resulting in the over-
remittance of HDMF- c. Stop the practice of
contribution- computing the
employees’ share and employer’s share
government share. based only on the 2%
of employees’ basic
pay without
considering the
maximum monthly
compensation of
₱5,000.00 set by the
IRR and ensure that
remittances of
employer’s share ate
strictly in adherence
to the provisions set
under Section 1, Rule
VI of the IRR of RA
9679.
Titles to government a. Expedite the titling of Bago City WD NQ
land assets or properties land under the name of Baliwag WD 2,606
acquired and booked the concerned GC to Bayugan WD 3,326
307
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
under the safeguard its interest Buenavista (Agusan del 1,095
Land/Investment and dispel doubts as to Norte) WD
Property accounts were the legal ownership over Bulacan WD 4,432
not yet consolidated in the property; and Bustos WD 462
the name of the Cadiz City WD NQ
concerned WD and/or b. Initiate efforts to Calamba WD 36,207
absence of proof of document and Calumpit WD 4,010
ownership rendered substantiate ownership Gen. MacArthur WD 605
doubtful the validity of over GCs assets or Hagonoy WD 640
the asset account. submit a comprehensive Legazpi City WD 1,160
updated report on the Marilao WD 2,961
status of the titling Metro Kidapawan WD 2,963
process. Metro Lipa WD 33,638
Moncada WD 2,300
Orani WD 7,636
Plaridel WD 1,760
Porac WD 1,615
San Jose (Occ. Mindoro) 604
WD
San Jose Del Monte City 8,824
WD
San Miguel WD 580
San Rafael (Bulacan) 544
WD
Silang WD 20,677
Taft WD 360
Talibon WD 859
Tanauan WD 4,708
Tanay WD 3,466
Trece Martires City WD NQ
Acquired assets with Prioritize the immediate Sablayan WD 605
acquisition age of five disposal of the acquired San Jose (Occ. Mindoro) 1,114
years or more were not assets in the name of the WD
promptly disposed of GC to prevent further
contrary to existing deterioration of said assets
laws, rules and and incurrence of
regulations. additional expenses and to
protect the interest of the
government.
Inadequacy of the a. Submit/disclose the Aleosan WD 3,519
required required information/ Aroroy WD 3,895
information/records/rep computations/contracts Bacacay WD 797
orts/ and other and/or other supporting Balatan WD NQ
supporting documents in support of Cabangan WD 356
documents/non- the transaction/contract/ Cabusao WD NQ
submission thereof MOA pursuant to Del Gallego WD 100
resulted in the doubtful pertinent provisions of Ilocos Norte WD NQ
validity of various COA Circular Nos. 96- Jose Panganiban WD 460
transactions contrary to 010 and 2012-001, Laguna WD NQ
308
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
COA Circular Nos. 77- RMC No. 2-2014 and/or Limay WD 358
61, 96-010 and 2012- PD No. 1445; and Linamon WD 2,077
001 and/or Revenue b. Strictly scrutinize all Metro Lipa WD 575
Memorandum Circular transactions for payment Metropolitan Naga WD 201
(RMC) No. 2-2014, and whether these conform Naujan WD 132
Section 4(6) and 111 of with existing laws, rules Pili WD 280
PD 1445, LWUA MC and regulations, and
No. 015-12 and 016-16 whether these
and GAAM Volume I. transactions are properly
documented to establish
validity of claims.
Delayed or non- a. Evaluate the cause of Baguio WD NQ
submission/ non- delayed Balatan WD NQ
preparation of Financial preparation/submission Barobo WD NQ
Statements/documents/ or non-submission and Butuan City WD NQ
reports including immediately submit the Cabusao WD NQ
Journal Entry Vouchers financial Cagayan de Oro City NQ
(JEVs), Registry of reports/JEVs/DVs to the WD
Budget Utilization and COA Auditors; Catarman WD NQ
Disbursement/Budget Del Carmen WD NQ
Utilization Request b. Prepare and submit the Ilocos Norte WD NQ
(BUR) and Status/ final and complete set of Jaro WD 351
Disbursement Vouchers financial statements Josefina WD NQ
(DVs)/books of together with all Kasibu WD NQ
accounts within the relevant supporting Kiblawan WD NQ
prescribed period schedules/ documents in Leyte Metropolitan WD NQ
contrary to Sections 41, accordance with Linamon WD NQ
100 and 122 of PD pertinent provisions of Luna WD NQ
1445; Note 8, Sections PD 1445/ MNGAS and San Isidro (Northern NQ
57, 71 and 81 of the COA Accounting Samar) WD
Manual on the New Circular Nos. 2015-004 Sibagat WD NQ
Government and 2017-004; and Sulat WD NQ
Accounting System Sultan Kudarat WD 11,559
(MNGAS) Volume I, c. Include in the Taft WD NQ
COA Circular Nos. performance indicators Tubod-Baroy WD 684
2009-006 and 95-006, of the personnel Victoria WD NQ
COA Accounting concerned, the
Circular Nos. 2015-004 submission of reports to
and 2017-004. COA within the
prescribed deadlines.
Disbursement vouchers Instruct the Cashier that all Barobo WD 6,939
(DVs) and their paid disbursement Butuan City WD 287,716
supporting documents vouchers and its Catarman WD NQ
(SDs) were not stamped supporting documents be San Isidro (Northern NQ
“PAID” and dated by properly stamped “PAID” Samar) WD
the Cashier, contrary to and dated as to payment, in Victoria WD NQ
COA Circular No. 92- compliance with COA
389 dated November 3, Circular No. 92-389 and
1992 and the Philippine PGIAM.
309
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Government Internal
Audit Manual (PGIAM)
thus, exposing the
documents to risk of
reuse to support another
claim.
Accountable Officers Comply strictly with Balatan WD NQ
were not bonded; not Treasury Circular No. 02- Baras WD NQ
adequately bonded; 2009 governing the Barobo WD NQ
with expired and not bonding of accountable Bato (Catanduanes) WD NQ
renewed Fidelity bond; officers. Bombon WD NQ
with bond renewed after Butuan City WD 384,264
the expiration of the Cabusao WD NQ
term of the bond, thus Calamba WD NQ
exposing government Damulog WD NQ
funds to risk of possible Gattaran WD NQ
loss, contrary to Section Gen. Mariano Alvarez NQ
101 of PD 1445 and WD
Sections 4.1, 4.3.3 and Hernani WD NQ
5.1 of Treasury Circular Kasibu WD NQ
No. 02-2009 dated 6 Kauswagan WD NQ
August 2009. Kolambugan WD NQ
Laguna WD NQ
Leyte Metropolitan WD NQ
Madrid WD NQ
Metro Lipa WD NQ
Metro Siargao WD 1,048
Pinamalayan WD NQ
Quezon Metro WD NQ
Reina Mercedes WD NQ
San Jose Del Monte NQ
City WD
Silang WD NQ
Surigao Metropolitan NQ
WD
Non-compliance with a. Recognize in the books Cabanatuan City WD 7,843
the COA Order of of accounts the amount Catarman WD 211
Execution of disallowances on Macabebe WD 537
(COEs)/Notice of which COEs was Metro Kidapawan WD 11,319
Disallowance/Notice of already received by Moncada WD 340
Suspension is contrary Water Districts; Sasmuan WD 3,070
to COA Circular 2009-
006 dated September b. Exert efforts in the
15, 2009. enforcement of the
COEs issued to persons
determined liable over
audit disallowances that
have become final and
executory; and
310
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
c. Submit all summary
lists of settlements of
disallowances
completely supported
with evidence as basis in
preparation of NSSDC
in compliance with
RRSA.
Accountable forms used a. Comply with the Aurora WD NQ
were not printed by existing laws and Concepcion (Iloilo) WD NQ
Recognized regulations in the Davao City WD NQ
Government Printers purchasing of Dingle-Pototan WD NQ
(RGPs) contrary to the accountable forms; Dumangas-Barotac NQ
provisions of Nuevo WD
Government b. Stop procuring Official Lemery (Iloilo) WD NQ
Procurement Policy Receipts from private Pinamalayan WD NQ
Board (GPPB) printers, the printing of
Resolution No. 05- which has no prior
2010; LWUA written waiver from the
Memorandum Circular National Printing
Nos. 009-16, 013-16, Office; and
010-17; Executive
Order (EO) No. 285 , c. As an alternative, use
series of 1987, National Accountable Form No.
Printing Office (NPO) 51 which applies to all
Memorandum Circular types of collections.
No. 1-04 and Section 4
of Memorandum
Circular No. 180 dated
August 13, 2009 issued
by the Office of the
President, which may
be disadvantageous to
the government as it
could hinder the
examination as to
accuracy, propriety and
validity of official
receipts used.
Non-compliance with a. Comply with the Floridablanca WD NQ
the provisions of CSC- provisions of CSC- Gen. MacArthur WD 557
COA-DBM Joint COA-DBM Joint Leyte Metropolitan WD 120
Circular No. 1 s. 2017 Circular No. 1 s. 2017 Lubao WD NQ
dated June 15, 2017 due dated June 15, 2017; Mabalacat City WD NQ
to any or combination Macabebe WD NQ
of the following: b. Ensure strict compliance Masantol WD NQ
to existing laws, rules Metro Cotabato WD 4.082
a. Hired on a contract of and regulations on the Pinamalayan WD NQ
service basis/Job grant of wages to Job Pola WD 185
311
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Order personnel Order workers as Sulat WD NQ
were hired to do field specified in the said
works which are joint circular; and
considered necessary
and essential to the c. Analyze and prepare the
conduct of the necessary adjusting
regular functions of entries to reflect the
Water Districts; accurate balances of the
accounts affected.
b. No Service Contract/
Memorandum of
Agreement/Job order
was executed
between Water
District and the
individual employees
hired on a job order
status;
c. Erroneous recording/
misclassification of
the wages of Job
Order personnel in
the books of accounts
resulted in doubtful
validity of the
affected accounts;
and
312
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Commission on Women b. Formulate/prepare Bacolor WD NQ
(PCW), National Annual GAD Plans and Bacuag WD NQ
Development Authority Accomplishment Baguio WD 72,657
(NEDA) and Reports in compliance Balatan WD NQ
Department of Budget with EO 273 and Joint Baler WD NQ
and Management Circular No. 2012-01 Baliwag WD NQ
(DBM); and the and include GAD Baras WD NQ
Philippine Plan for concerns in the Barcelona WD NQ
Gender-Responsive Corporate Operating Baybay City WD NQ
Development (PPGD) Budget; Bislig WD 4,943
1995-2025 relative to Bocaue WD NQ
the activities on gender c. Implement the GAD Bombon WD NQ
and development activities, programs and Bongabon WD NQ
(GAD). projects that will Buenavista (Agusan del 685
promote awareness of Norte) WD
the rights of every Bulacan WD NQ
employee; Bustos WD NQ
Butuan City WD NQ
d. Design and install an Cabanatuan City WD NQ
effective monitoring Cabangan WD NQ
sys-tem to ensure that Cabusao WD NQ
all identified program/ Cagayan de Oro City NQ
activities/projects due WD
for implementation will Calabanga WD NQ
be fully and timely Calumpit WD NQ
undertaken; and Cantilan WD NQ
City of Koronadal WD NQ
e. Stop the practice of City of Malolos WD NQ
charging expenses to City of San Fernando NQ
GAD Budget which is WD
not GAD related Concepcion (Iloilo) WD NQ
activities and those not Cordon WD NQ
included in the GAD Culion (Palawan) WD NQ
Plan and Budget. Damulog WD NQ
Del Carmen WD 185
Del Gallego WD NQ
Diffun WD NQ
Dingle-Pototan WD NQ
Dipaculao WD NQ
Donsol WD NQ
Dueñas WD NQ
Gattaran WD NQ
Gen. Natividad WD NQ
Gingoog City WD NQ
Hagonoy WD NQ
Hermosa WD NQ
Hinatuan WD NQ
Ilocos Norte WD NQ
Jaro WD NQ
Jordan WD NQ
313
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Jose Panganiban WD NQ
Kibawe WD NQ
Laguna WD NQ
Legazpi City WD NQ
Lemery (Iloilo) WD NQ
Leon WD NQ
Leyte Metropolitan WD NQ
Lianga WD NQ
Libmanan WD NQ
Limay WD NQ
Luna WD NQ
Lupao WD NQ
Maasin WD NQ
Macabebe WD NQ
Maddela WD NQ
Madrid WD NQ
Malinao WD NQ
Mambajao WD NQ
Marilao WD NQ
Masantol WD NQ
Metro Lipa WD NQ
Metro Siargao WD NQ
Metropolitan Naga WD NQ
Muñoz WD NQ
Norzagaray WD NQ
Odiongan WD NQ
Orion WD NQ
Pandan WD NQ
Paniqui WD NQ
Paracale WD NQ
Pilar (Sorsogon) WD NQ
Pili WD NQ
Pinamalayan WD NQ
Plaridel WD NQ
Pola WD NQ
Polanco WD NQ
Polomolok WD NQ
Porac WD NQ
Prosperidad WD NQ
Puerto Princesa City NQ
WD
Reina Mercedes WD NQ
Romblon WD NQ
Roxas (Or. Mindoro) NQ
WD
Roxas (Palawan) WD NQ
Sablayan WD NQ
San Andres WD NQ
San Ildefonso WD NQ
San Isidro (Northern NQ
314
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Samar) WD
San Jose (Occ. Mindoro) NQ
WD
San Jose City (Nueva NQ
Ecija) WD
San Jose Del Monte City NQ
WD
San Miguel WD NQ
San Rafael (Bulacan) NQ
WD
Santa Maria (Bulacan) NQ
WD
Santa Rosa (Nueva Ecija) NQ
WD
Sasmuan WD NQ
Sibagat WD NQ
Silang WD NQ
Sindangan WD NQ
Sta. Cruz (Zambales) NQ
WD
Sta. Rita WD NQ
Sto. Niño (Cagayan) NQ
WD
Surigao Metropolitan 496
WD
Tabaco City NQ
Talavera WD NQ
Talugtug WD NQ
Tandag WD NQ
Tarlac City WD NQ
Taytay (Palawan) WD NQ
Viga WD NQ
Virac WD NQ
Disaster Risk Reduction And Management System
Non-development of a. Develop action plans Aroroy WD NQ
policies and plans/non- and adopt necessary Aurora WD NQ
appropriation of funds measures to mitigate the Baao WD NQ
for/non-implementation adverse effects of Bacacay WD NQ
of the Disaster Risk natural disasters; Bacolod (Lanao del NQ
Reduction and Norte) WD
Management System/ b. Appropriate funds Bacuag WD NQ
contrary to RA No. relative to DRRM / Bago City WD NQ
10121, or the Philippine strictly adhere to the Balanga WD NQ
Risk Reduction and provisions of RA No. Barcelona WD NQ
Management Act of 10121; Baybay City WD NQ
2010, Section 38 of the Bislig WD NQ
General Provisions of c. Fast track the approval Bocaue WD NQ
the GAA of CY 2015 of the Water Safety Plan Bombon WD NQ
and Section 35 of the and implement a Bongabon WD NQ
315
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
General Provisions of comprehensive, efficient Buenavista (Agusan del NQ
the GAA of FY 2017. and responsive disaster Norte) WD
risk reduction and Bustos WD NQ
climate change Butuan City WD NQ
adaptation program Cabangan WD NQ
within the context of the Cagayan de Oro City NQ
District’s mandate; and WD
Calabanga WD NQ
d. Integrate and Calumpit WD NQ
mainstream disaster risk Damulog WD NQ
reduction management Del Carmen WD NQ
and climate change Del Gallego WD NQ
adaptation in policy Donsol WD NQ
formulation, planning Gen. Natividad WD NQ
and budgeting. Hagonoy WD NQ
Hinatuan WD NQ
Ilocos Norte WD NQ
Jose Panganiban WD NQ
Kapatagan WD NQ
Kasibu WD NQ
Kauswagan WD NQ
Kibawe WD NQ
Kolambugan WD NQ
Kumalarang WD NQ
Legazpi City WD NQ
Leyte Metropolitan WD NQ
Libmanan WD NQ
Licab WD NQ
Limay WD NQ
Linamon WD NQ
Luna WD NQ
Lupao WD NQ
Maasin WD NQ
Maddela WD NQ
Madrid WD NQ
Metro Ozamis WD NQ
Metro Siargao WD NQ
Metropolitan Naga WD NQ
Naujan WD NQ
Naval WD NQ
Odiongan WD NQ
Orion WD NQ
Oroquieta WD NQ
Paracale WD NQ
Pilar (Sorsogon) WD NQ
Pili WD NQ
Pinamalayan WD NQ
Pola WD NQ
Reina Mercedes WD NQ
Romblon WD NQ
316
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Roxas (Or. Mindoro) NQ
WD
San Jose City (Nueva NQ
Ecija) WD
San Miguel WD NQ
Santa Maria (Bulacan) NQ
WD
Sta. Cruz (Zambales) NQ
WD
Subic WD NQ
Tabaco City WD NQ
Talavera WD NQ
Tandag WD NQ
Tangub City WD NQ
Tarlac City WD NQ
Tubod-Baroy WD NQ
The following are the favorable/positive observations noted by the Audit Teams for CY 2017:
FAVORABLE/POSITIVE OBSERVATIONS
The GC/Water District religiously complied with tax Angeles City WD NQ
laws and regulations of the Bureau of Internal Revenue Baao WD NQ
and remitted taxes withheld in CY 2017. Bacolor WD NQ
Bacuag WD NQ
Bago City WD 1,850
Balanga WD NQ
Baras WD NQ
Barobo WD 328
Bato (Catanduanes) WD NQ
Bislig WD 4,884
Bocaue WD NQ
Bombon WD NQ
Bongabon WD NQ
Bulacan WD NQ
Cabanatuan City WD NQ
Cadiz City WD 2,128
Calabanga WD NQ
Carcar WD 2,129
Castillejos WD NQ
City of San Fernando NQ
WD
Concepcion (Tarlac) NQ
WD
Culion (Palawan) WD 350
Del Gallego WD NQ
Floridablanca WD NQ
Gen. Natividad WD NQ
Guagua WD NQ
Hagonoy WD NQ
Hermosa WD NQ
317
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Hinatuan WD 939
Ilocos Norte WD NQ
La Trinidad WD NQ
Legazpi City WD NQ
Lupao WD NQ
Macabebe WD NQ
Mariveles WD NQ
Masantol WD NQ
Metro Ozamis WD NQ
Metro Siargao WD NQ
Metropolitan Naga WD NQ
Meycauayan WD NQ
Muñoz WD NQ
Norzagaray WD NQ
Odiongan WD NQ
Orani WD NQ
Orion WD NQ
Oroquieta City WD NQ
Pandan WD NQ
Paniqui WD NQ
Plaridel WD NQ
Porac WD NQ
Prosperidad WD NQ
Puerto Princesa City 13,353
WD
Ramos WD NQ
Romblon WD NQ
Roxas (Palawan) WD 629
Sablayan WD 181
San Andres WD NQ
San Jose (Occ. Mindoro) 472
WD
San Jose City (Nueva NQ
Ecija) WD
San Miguel WD NQ
Santa Rosa (Nueva Ecija) NQ
WD
Sasmuan WD NQ
Sibulan WD 1,900
Sta. Cruz (Zambales) NQ
WD
Sta. Rita WD NQ
Subic WD NQ
Tabaco City WD NQ
Talavera WD NQ
Talibon WD 1,078
Talisay WD 2,192
Tandag WD 2,656
Tangub City WD NQ
Tarlac City WD NQ
318
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Viga WD NQ
Virac WD NQ
For CY 2017, the GC complied with the timely Angeles City WD NQ
remittance of taxes to BIR and mandatory premiums to Baao WD NQ
GSIS in accordance with RA No. 8291. Bacolor WD NQ
Bago City WD 2,393
Baguio WD 18,653
Balanga WD NQ
Baras WD NQ
Bato (Catanduanes) WD NQ
Bislig WD 3,433
Bocaue WD NQ
Bongabon WD NQ
Buenavista (Agusan del 1,690
Norte) WD
Bustos WD NQ
Cabanatuan City WD NQ
Cadiz City WD 3,878
Carcar WD 5,486
Castillejos WD NQ
City of San Fernando NQ
WD
Concepcion (Tarlac) NQ
WD
Culion (Palawan) WD 814
Dinalupihan WD NQ
Floridablanca WD NQ
Gen. Natividad WD NQ
Guagua WD NQ
Hagonoy WD NQ
Hermosa WD NQ
Hinatuan WD 681
Ilocos Norte WD NQ
La Trinidad WD 3,010
Legazpi City WD NQ
Licab WD NQ
Limay WD NQ
Lupao WD NQ
Macabebe WD NQ
Mariveles WD NQ
Masantol WD NQ
Metro Ozamis WD NQ
Meycauayan WD NQ
Moncada WD NQ
Muñoz WD NQ
Norzagaray WD NQ
Odiongan WD 145
Orani WD NQ
Orion WD NQ
319
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Oroquieta City WD NQ
Pandan WD NQ
Paniqui WD NQ
Plaridel WD NQ
Porac WD NQ
Puerto Princesa City 11,426
WD
Ramos WD NQ
Romblon WD NQ
Roxas (Palawan) WD 1,182
Sablayan WD 144
San Andres WD NQ
San Ildefonso WD NQ
San Jose (Occ. Mindoro) NQ
WD
San Jose City (Nueva NQ
Ecija) WD
San Miguel WD NQ
Santa Rosa (Nueva Ecija) NQ
WD
Sasmuan WD NQ
Sibulan WD 3,055
Sta. Cruz (Zambales) NQ
WD
Sta. Rita WD NQ
Subic WD NQ
Tabaco City WD NQ
Talavera WD NQ
Talibon WD 1,673
Talisay WD 3,205
Tangub City WD NQ
Tarlac City WD NQ
Viga WD NQ
Virac WD NQ
Compliance with RA 9679 (HDMF Law) and 7875 Baao WD NQ
(PhilHealth Act) on the deduction and remittance of Bago City WD 424
mandatory contributions. Baguio WD 3,720
Bato (Catanduanes) WD NQ
Bislig WD 708
Cadiz City WD 518
Del Gallego WD NQ
Hinatuan WD 153
La Trinidad WD 832
Legazpi City WD NQ
Metro Ozamis WD NQ
Metropolitan Naga WD NQ
Odiongan WD NQ
Oroquieta City WD NQ
Pandan WD NQ
320
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Puerto Princesa City 3,884
WD
Romblon WD NQ
Roxas (Palawan) WD NQ
Sablayan WD NQ
San Andres WD NQ
San Jose (Occ. Mindoro) NQ
WD
Sibulan WD 461
Tabaco City WD NQ
Talisay WD 804
Tangub City WD NQ
Viga WD NQ
Virac WD NQ
The Water District was able to allocate at least 5% of Aparri WD NQ
its total budget to integrate GAD activities in its Aurora WD NQ
Program, Projects and Activities (PPAs); implement Balanga WD NQ
various activities; and submit the Annual GAD Plan Benito Soliven WD NQ
and Budget (GPB) for review of the Local Water Cabagan WD NQ
Utilities Administration (LWUA) in compliance with Castillejos WD NQ
the Philippine Commission on Women (PCW), City of Ilagan WD NQ
National Development Authority (NEDA) and Concepcion (Tarlac) NQ
Department of Budget and Management (DBM) Joint WD
Circular No. 2012-01 and PCW Memorandum No. Dinalupihan WD NQ
2016-06. Gerona WD NQ
Guagua WD NQ
Lal-lo WD NQ
Limay WD NQ
Mabalacat City WD NQ
Mariveles WD NQ
Metro Ozamis WD 1,016
Metropolitan NQ
Tuguegarao WD
Meycauayan WD NQ
Moncada WD NQ
Muñoz WD NQ
Orani WD NQ
Oroquieta City WD 2,324
Peñablanca WD NQ
Plaridel WD NQ
Ramos WD NQ
Roxas (Isabela) WD NQ
Subic WD NQ
Tangub City WD 122
Compliance with RA 8282 on the SSS premium/loan Sablayan WD NQ
amortization deductions and remittances. (Social San Jose (Occ. Mindoro) NQ
Security Law) WD
321
Common Audit Amount
Recommendations WDs affected
Observations (in thousands)
Compliance with RA 656 (Property Insurance Law) on Calabanga WD NQ
insuring government properties with the GSIS. Metropolitan Naga WD NQ
322
Suspensions, Disallowances and Charges
In line with COA Circular No. 2009-006, dated September 15, 2009, “Prescribing the Use of
the Rules and Regulations on Settlement of Accounts,” the Auditor shall prepare and issue a
Notice of Suspension/Notice of Disallowance/Notice of Charge for the differences/variances
and other audit exceptions resulting in the audit of the accounts and transactions of the
auditees.
- issued for transactions - issued for transactions - issued when: (a) the
of doubtful legality/ pro- which are irregular/ amount
priety/ regularity which unnecessary/excessive assessed/appraised is
may result in pecuniary and extravagant as less than what is due the
loss to the government, defined under existing government; (b) the
and which will be laws/ rules/ regulations. amount billed is less
disallowed in audit, if not than the amount due the
satisfactorily explained government; and (c) the
or validly justified by the amount collected is less
parties concerned. than what is due to the
government. The
differences noted shall
constitute a proper audit
charge.
For the calendar year 2017, a total of Php1,702.453 million, representing transactions of
doubtful legality/propriety/regularity were suspended in audit and the corresponding NS were
issued. A total of Php2,171.472 million was, however, settled during the year.
NDs were issued for transactions totaling to Php4,397.582 million. These represent various
expenditures which were considered irregular/unnecessary/excessive and extravagant/illegal
and/or unconscionable in nature. A total of Php518.234 million was settled.
NCs were issued for uncollected/unassessed revenues totaling Php43.586 million. A total of
Php1.077 million was recovered.
The unsettled balance of NSs, NDs, NCs at year-end in Philippine peso were
Php12,005.016 million, Php42,616.806 million, and Php3,737.427 million, respectively,
while, the suspensions and disallowances in US dollars as at year end are USD3,863,967 and
USD58,500, respectively.
Presented in Table IV–3 is the Status of Issuance and Settlement of Audit Suspensions,
Disallowances and Charges as of year-end.
323
Table IV–3
Status of Issuance and Settlement of
Audit Suspensions, Disallowances and Charges
As of December 31,2017
Beginning Ending
Audit Action Issued Settled
Balance Balance
A. In Thousand Pesos
12,474,035 1,702,453 2,171,472 12,005,016
Suspensions
38,737,458 4,397,582 518,234 42,616,806
Disallowances
3,694,918 43,586 1,077 3,737,427
Charges
Total 54,906,411 6,143,621 2,690,783 58,359,249
B. In US Dollar
3,863,967 - - 3,863,967
Suspensions
58,800 - - 58,800
Disallowances
- - - -
Charges
Total 3,922,767 - - 3,922,767
Out of the total 12,482 audit recommendations, 4,954 or 39.69 percent were fully
implemented; 3,934 or 31.52 percent were partially implemented and the remaining 3,594 or
28.79 percent were not implemented at all.
324
Chart IV- 2. Status of Implementation of Prior Years'
Audit Recommendations
28.79%
39.69%
Fully Implemented
Partially Implemented
31.52%
Not Implemented
Details and discussions on the action/s undertaken by management on prior years’ audit
recommendations are presented in the AARs of the respective agencies. Table IV-6
shows the status of prior years’ audit recommendations per GC.
325
CORPORATE GOVERNMENT SECTOR
GENDER AND DEVELOPMENT (GAD)
CONSOLIDATED COMMON AUDIT FINDINGS FOR CY 2017
1 2 3 4 5 6 7 8 9 10 11
Absence GAD Plan & GAD GAD Budget GAD GAD GAD GAD Fund Limited GAD GAD Plans
of GAD Budget not in Funds not Focal Project not Code not Unutilized/ Budget Activities not
Plan and accordance used to equivalent to Point suppor- yet in Under- Allocation Exceeded implemented/
Budget with the pay at least 5% System tive of place utilized the Budget Activities not
GOVERNMENT
(GBP) guidelines/ salaries of Total not Gender implemented RECOMMENDATIONS REMARKS
CORPORATIONS
No GAD of Job Appropria- adopted Issues in accordance
Accomplish- Orders tion (GFPS) with GPB
ment Report
(AR)
LIBI X - do -
LCDFI X - do -
- do -
LLFC X X
1 2 3 4 5 6 7 8 9 10 11
Absence GAD Plan & GAD GAD Budget GAD GAD GAD GAD Fund Limited GAD GAD Plans
of GAD Budget not in Funds not Focal Project not Code not Unutilized/ Budget Activities not
Plan and accordance used to equivalent to Point suppor- yet in Under- Allocation Exceeded implemented/
GOVERNMENT Budget with the pay at least 5% System tive of place utilized the Budget Activities not
RECOMMENDATIONS REMARKS
CORPORATIONS (GBP) guidelines/ salaries of Total not Gender implemented
No GAD of Job Appropria- adopted Issues in accordance
Accomplish- Orders tion (GFPS) with GPB
ment Report
(AR)
MSI X - do -
Prepare and submit GAD plan and budget in
PICCI X compliance with PCW-NEDA-DBM Joint Circular
No. 2012-01.
Cluster 2 - Social Security and Housing
Management agreed to strictly comply with the
requirements set forth under Joint Circular No. 2012-
1 and include GAD concerns in the Systems
AFPRSBS X X Revenue, Expense, Capital Outlay and Cash Flow
Budget (Corporate Operating Budget) of at least five
per cent of total agency appropriation.
327
SUMSI X X
and Budget.
AFAB X X
FTI X
b. Include/Allocate in the Annual Budget the needed
funds for the implementation of GAD programs/
activities pursuant to PCW-NEDA-DBM Joint
Circular No. 2012-01.
1 2 3 4 5 6 7 8 9 10 11
Absence GAD Plan & GAD GAD Budget GAD GAD GAD GAD Fund Limited GAD GAD Plans
of GAD Budget not in Funds not Focal Project not Code not Unutilized/ Budget Activities not
Plan and accordance used to equivalent to Point suppor- yet in Under- Allocation Exceeded implemented/
GOVERNMENT Budget with the pay at least 5% System tive of place utilized the Budget Activities not
RECOMMENDATIONS REMARKS
CORPORATIONS (GBP) guidelines/ salaries of Total not Gender implemented
No GAD of Job Appropria- adopted Issues in accordance
Accomplish- Orders tion (GFPS) with GPB
ment Report
(AR)
PCA X
b.2. Submit to the Audit Team copy of the
approved/ duly endorsed GPB within five days from
receipt thereof and, GAD AR within five working
days from the end of January of the following year;
and
CLUSTERS
Audit Observations Total
1 2 3 4 5 6
1. Absence of GAD LBRDC AFPRSBS MWSS-CO PEATC FTI PAGCOR
Plan & Budget LIBI HDMF MWSS-RO PCMC
LCDFI PPC TPB
MSI PSALM PHIC
PICCI CCP
IBC
No. of GCs 5 2 4 1 1 6 19
2. GAD Plan & DBP AFPRBS LRTA NFA PAGCOR
Budget not in LLCF ECC MWSS-CO NIA DFPC
accordance with OSHC MWSS-RO PCA PHIC
the guidelines/ No
PNOC SRA
GAD
PNOC-EC PHILSUCOR
Accomplishment
Report PFDA
NTA
PMDC
NRDC
PCIC
No. of GCs 2 3 5 0 10 3 21
3. GAD funds used to PAGCOR
pay salaries of Job
Orders
No. of GCs 0 0 0 0 0 1 1
4. GAD Budget is less DBP GSIS LWUA CAAP PRRI PCSO
than the required AAIIBP HGC MWSS-CO PEZA LCP
5% of total MSI NHMFC MWSS-RO AFAB PHC
appropriation
SHFC NEA APECO BSoP
SSS NPC TPB
SUMSI PNOC NPF
TIDCORP PNOC-RC PITC
PNR PPPI
PPA PHIC
PSALM DAP
TransCo PTNI
No. of GCs 3 7 11 4 1 11 37
5. GAD Focal Point LBP NTA PAGCOR
not established BSoP
DFPC
CCP
No. of GCs 1 0 0 0 1 4 6
347
Table IV-4
CLUSTERS
Audit Observations Total
1 2 3 4 5 6
6. GAD Projects not DBP NHA PPC CEZA PAGCOR
supportive of LBP NHMFC MIAA
Gender Issues SUMSI PIA
No. of GCs 2 3 1 3 0 1 10
7. GAD Code not yet PAGCOR
in place PHIC
No. of GCs 0 0 0 0 0 2 2
8. GAD Funds under- GSIS APO CAAP PFDA PCSO
utilized/ unutilized NHA LRTA CEZA NTA PAGCOR
NHMFC LWUA PRecA PMDC NKTI
SHFC MWSS-RO TIEZA NRDC PRA
SSS NEA MIAA PCIC VFP
TIDCORP PNOC-RC AFAB DFPC
PNR PPPI
PPA PITAHC
PPC
TransCo
No. of GCs 0 6 10 6 5 8 35
9. Limited Budget PPC PHIC
Allocation PITAHC
No. of GCs 0 0 1 0 0 2 3
10. GAD activities HDMF NPC PAGCOR
exceeded the
budget
No. of GCs 0 1 1 0 0 1 3
11. GAD plans not DBP-DLC NHMFC LWUA CAAP PAGCOR
implemented/
Activities not AAIIBP TIDCORP MWSS-RO NKTI
implemented in PPC PRA
accordance with PSALM TPB
GPB PPPI
PTNI
No. of GCs 2 2 4 1 0 6 15
348
Table IV-5
349
Table IV-5
350
Table IV-5
351
Table IV-5
Legend:
U - Unqualified
Q - Qualified
A - Adverse
D - Disclaimer
* - With Management Letter (ML); No Audit Opinion; No FS Received
** - With ML; No Audit Opinion; With FS Received
Recapitulations:
U- 61
Q- 52
A- 12 119
D- 4
352
Table IV-6
Status of Implementation of Prior Years' Audit Recommendations
December 31, 2017
COMBINED
FINANCIAL STATEMENTS
BY CLUSTER
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 867,494,643 811,009,251 570,535,114 549,266,257 77,989,089 52,572,741
Cash on Hand 41,221,457 36,126,585 36,748,630 32,047,740 1,423,306 1,318,991
Cash in Bank-Local Currency 517,659,596 534,886,952 401,471,620 444,837,274 23,502,590 14,910,346
Cash in Bank-Foreign Currency 12,832,287 17,193,285 4,921,014 11,333,102 4,348,951 2,595,041
Treasury/Agency Cash Accounts 25,291 22,317 - - - -
Cash Equivalents 295,756,012 222,780,114 127,393,850 61,048,142 48,714,242 33,748,363
Non-Current Assets Held for Sale 17,450,758 14,071,572 695,997 630,901 16,752,931 13,439,828
Non-Current Assets Held for Sale 17,450,758 14,071,572 695,997 630,901 16,752,931 13,439,828
360
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Assets
Property, Plant and Equipment 1,054,587,426 1,034,107,498 33,982,183 28,403,832 19,723,835 30,585,836
Land 263,847,727 259,931,013 8,086,620 8,066,209 12,587,370 13,835,011
Land Improvements 42,030,596 43,048,552 133,577 82,209 61,655 61,979
Infrastructure Assets 202,377,932 213,172,466 632 21 7,091 8,687
Buildings and Other Structures 70,158,465 77,933,590 9,194,322 9,079,189 3,360,580 4,071,015
Machinery and Equipment 30,380,125 29,536,611 3,435,908 3,708,406 2,141,877 2,328,453
Transportation Equipment 8,136,881 9,237,875 690,025 286,243 335,231 267,903
Furniture, Fixtures and Books 6,762,104 6,376,502 4,497,070 3,913,718 237,320 253,435
Leased Assets 561,216 587,150 451,359 494,620 73,321 53,644
Leased Assets Improvements 1,311,810 1,145,990 857,314 645,186 19,399 25,076
Heritage Assets 717,637 717,579 - - 659,343 659,343
Service Concession Assets 242,451,808 213,736,960 - - - -
Exploration and Evaluation Assets 7,545,073 8,500,890 - - - -
Bearer Trees, Plants and Crops 79 80 - - - -
Other Property, Plant and Equipment 8,077,310 3,628,213 4,305,640 80,700 10,961 10,225
Construction in Progress 170,228,665 166,554,028 2,329,716 2,047,332 229,687 9,011,065
361
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
362
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 12,640,035,288 12,021,846,454 7,117,832,343 6,714,360,297 2,372,063,503 2,180,286,846
363
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 71,057,566 78,729,383 37,442,645 45,224,811 22,485,519 17,750,321
Cash on Hand 989,035 900,853 311,226 352,107 151,423 117,206
Cash in Bank-Local Currency 34,200,492 36,777,265 8,678,921 9,574,862 15,113,670 13,255,164
Cash in Bank-Foreign Currency 600,356 404,140 1,515,726 2,073,245 518,146 246,777
Treasury/Agency Cash Accounts 0 106 - - 25,291 22,211
Cash Equivalents 35,267,683 40,647,019 26,936,772 33,224,598 6,676,989 4,108,964
International Reserves - - - - - -
International Reserves - - - - - -
364
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Assets
Property, Plant and Equipment 536,237,235 524,358,055 196,928,689 205,673,365 244,582,937 222,519,561
Land 146,792,147 141,480,395 73,923,251 73,775,247 12,427,600 12,953,865
Land Improvements 1,231,275 1,225,934 20,042,394 19,963,625 20,496,230 21,664,001
Infrastructure Assets 90,674,779 109,840,228 33,757,080 38,175,848 77,907,107 65,114,866
Buildings and Other Structures 39,926,817 41,713,265 10,630,724 16,345,112 3,424,469 3,272,977
Machinery and Equipment 8,599,772 8,338,875 6,700,059 6,042,067 2,793,356 2,775,236
Transportation Equipment 5,982,170 7,632,989 359,127 292,865 402,622 397,019
Furniture, Fixtures and Books 943,086 1,080,146 474,936 528,836 154,148 150,173
Leased Assets 35,818 38,141 717 744 - -
Leased Assets Improvements 45,720 47,215 103,707 109,655 32,999 43,874
Heritage Assets 1,307 1,197 4,360 4,360 169 169
Service Concession Assets 204,860,443 176,264,307 37,591,270 37,472,559 95 95
Exploration and Evaluation Assets 7,296,626 8,239,343 - - 248,448 261,547
Bearer Trees, Plants and Crops 79 80 - - - -
Other Property, Plant and Equipment 2,209,932 2,370,648 552,302 643,067 685,885 183,713
Construction in Progress 27,637,265 26,085,293 12,788,764 12,319,379 126,009,810 115,702,026
365
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
366
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Currency Issued - - - - - -
Currency Issued - - - - - -
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 1,655,983,745 1,665,895,385 488,453,292 452,576,891 707,558,687 739,830,577
367
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
International Reserves - -
International Reserves - -
368
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Assets
Investments in Associates/Affiliates - -
Investments in Associates/Affiliates - -
Investments in Subsidiaries - -
Investments in Subsidiaries - -
369
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Biological Assets - -
Bearer Biological Assets - -
Consumable Biological Assets - -
LIABILITIES
Current Liabilities
Deposit Liabilities - -
Deposit Liabilities - -
370
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Currency Issued - -
Currency Issued - -
Deposit Liabilities - -
Deposit Liabilities - -
Intra-Agency Payables - -
Intra-Agency Payables - -
NET ASSETS/EQUITY
371
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 923,989,875 861,112,765 170,903,798 149,800,195 397,992,310 359,070,658
Service Income 22,509,326 23,825,289 7,943,581 7,415,543 3,342,647 3,550,416
Business Income 901,480,549 837,287,476 162,960,217 142,384,652 394,649,663 355,520,242
Shares, Grants and Donations 20,435,913 20,341,866 24,291 17,224 269,173 251,635
Shares 20,070,659 20,145,444 - - 269,173 251,635
Grants and Donations 365,253 196,422 24,291 17,224 - -
Maintenance and Other Operating Expenses 540,126,826 489,816,222 35,767,409 32,252,867 279,372,106 234,777,259
Traveling Expenses 1,791,029 1,621,780 421,830 356,277 231,159 221,451
Training and Scholarship Expenses 1,040,819 927,840 66,774 80,425 237,091 218,484
Supplies and Materials Expenses 31,512,759 27,510,134 279,199 217,497 675,345 609,268
Utility Expenses 9,210,209 8,815,184 638,136 604,285 670,613 634,340
Communication Expenses 1,620,126 1,493,308 289,187 298,830 616,335 543,086
Awards/Rewards, Prizes and Indemnities 129,074 74,610 258 38 - -
Survey, Research, Exploration and
Development Expenses 109,602 129,623 400 - 17,997 10,329
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses 275,892 330,441 - - 88 13
Generation, Transmission and
Distribution Expenses 24,203,209 22,466,630 - - - -
Confidential, Intelligence and
Extraordinary Expenses 6,835,330 6,375,555 6,495,375 6,003,103 115,895 111,603
Professional Services 4,943,504 4,447,101 741,259 770,883 566,031 528,929
General Services 7,469,319 7,305,815 332,374 306,341 1,705,587 1,771,254
Repairs and Maintenance 7,015,008 7,410,631 645,232 720,646 611,256 561,953
Taxes, Insurance Premiums and
Other Fees 18,283,563 16,609,438 12,758,209 8,428,309 502,141 414,904
Labor and Wages 1,376,593 1,095,312 1,333 96 772,562 541,003
Members' Benefits 374,631,153 321,848,184 - - 264,140,387 219,715,188
Receivership and Liquidation Expenses 253,763 258,137 253,763 258,137 - -
Other Maintenance and Operating
Expenses 49,425,874 61,096,501 12,844,082 14,208,000 8,509,618 8,895,454
372
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
373
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 140,352,769 138,991,512 41,689,405 39,532,127 21,063,876 34,071,313
Service Income 3,734,309 4,040,411 2,993,577 3,744,059 1,573,079 3,222,282
Business Income 136,618,459 134,951,101 38,695,828 35,788,068 19,490,797 30,849,031
Shares, Grants and Donations 19,805,848 19,946,235 35,965 39,520 18,451 44,926
Shares 19,765,522 19,868,761 35,965 25,048 - -
Grants and Donations 40,326 77,474 - 14,472 18,451 44,926
Maintenance and Other Operating Expenses 74,289,942 71,909,456 13,815,859 23,546,874 6,016,098 5,921,596
Traveling Expenses 406,379 358,000 182,093 156,852 248,210 240,752
Training and Scholarship Expenses 322,391 256,446 134,968 126,202 127,592 83,548
Supplies and Materials Expenses 24,821,189 21,261,642 452,303 416,000 1,486,077 1,420,503
Utility Expenses 3,351,679 3,060,667 2,976,454 2,987,413 410,979 417,799
Communication Expenses 223,429 200,378 135,403 125,056 84,660 83,880
Awards/Rewards, Prizes and Indemnities 97,477 65,228 11,963 3,280 8,911 2,725
Survey, Research, Exploration and
Development Expenses 5,996 7,965 40,693 64,519 1,165 1,999
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses 268,979 330,427 6,825 - - -
Generation, Transmission and
Distribution Expenses 24,203,209 22,466,630 - - - -
Confidential, Intelligence and
Extraordinary Expenses 115,936 114,614 50,272 42,863 9,833 9,362
Professional Services 884,118 865,167 1,326,981 1,133,562 625,878 428,707
General Services 1,684,907 1,596,315 1,808,328 1,666,646 830,697 889,456
Repairs and Maintenance 3,930,223 4,213,173 1,129,635 1,028,268 253,810 302,312
Taxes, Insurance Premiums and
Other Fees 1,419,506 4,062,761 403,736 563,505 114,437 179,032
Labor and Wages 602,699 554,212 - - - -
Members' Benefits 459 2,224 220 76 - -
Receivership and Liquidation Expenses - - - - - -
Other Maintenance and Operating
Expenses 11,951,367 12,493,606 5,155,985 15,232,631 1,813,850 1,861,521
374
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
375
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
2017 2016
(Restated)
Tax Revenue - -
376
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
2017 2016
(Restated)
377
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance (51,645,673) (15,378,184) (413,300,661) (414,365,082) 88,668,862 78,005,001
Adjustments: - 3,571,944 - - - 4,577
Add/(Deduct):
Changes in Accounting Policy - (2,563) - - - -
Prior Period Errors - 3,994,846 - - - 4,577
Other Adjustments - (420,338) - - - -
Restated Balance (51,645,673) (11,806,240) (413,300,661) (414,365,082) 88,668,862 78,009,578
Changes in Equity for the Year 31,476,591 (39,839,433) 309,967 1,064,421 18,155,200 10,659,284
Add/(Deduct):
Surplus/(Deficit) for the period 45,914,235 25,863,706 (19,206) 887,476 18,248,340 10,552,828
Dividends (2,190,413) (186,947) - - (18,220) -
Other Adjustments (12,247,230) (65,516,193) 329,173 176,945 (74,921) 106,456
Ending Balance (20,169,082) (51,645,673) (412,990,694) (413,300,661) 106,824,062 88,668,862
GOVERNMENT EQUITY
Beginning balance 62,134,219 60,428,131 3,000,000 3,000,000 3,019,542 3,019,564
Adjustments: - 303,183 - - - -
Add/(Deduct):
Prior Period Errors - 13,919 - - - -
Other Adjustments - 289,264 - - - -
Restated Balance 62,134,219 60,731,314 3,000,000 3,000,000 3,019,542 3,019,564
CONTRIBUTED CAPITAL
Beginning balance 104,060,208 103,540,634 - - 14,192,844 13,719,576
Adjustments: - (5,021) - - - -
Add/(Deduct):
Prior Period Errors - (288) - - - -
Other Adjustments - (4,732) - - - -
Restated Balance 104,060,208 103,535,614 - - 14,192,844 13,719,576
REVALUATION SURPLUS
Beginning balance 153,301,003 163,513,367 61,200 61,200 13,463,393 13,233,414
Adjustments: - (32,422) - - - -
Add/(Deduct):
Other Adjustments - (32,422) - - - -
Restated Balance 153,301,003 163,480,945 61,200 61,200 13,463,393 13,233,414
378
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
RETAINED EARNINGS/(DEFICIT)
Beginning balance 2,045,527,741 1,892,923,946 243,409,615 198,245,568 1,533,213,436 1,412,423,826
Adjustments: - 3,288,592 - (235,745) - 18,964,013
Add/(Deduct):
Changes in Accounting Policy - (207,783) - (57,434) - (55,476)
Prior Period Errors - (685,821) - (219,506) - (1,327,558)
Other Adjustments - 4,182,196 - 41,195 - 20,347,046
Restated Balance 2,045,527,741 1,896,212,538 243,409,615 198,009,823 1,533,213,436 1,431,387,838
Changes in Equity for the Year 200,984,144 149,315,203 57,424,298 45,399,792 126,124,713 101,825,598
Add/(Deduct):
Issuances of Share Capital - 2,500 - - - -
Member's Contribution (89,858) (82,106) - - - -
Net Income/Loss for the Year 235,203,076 199,066,035 50,338,691 41,601,274 149,481,908 116,613,860
Dividends (50,936,096) (43,515,593) (12,141,639) (11,789,649) (22,986,683) (14,629,907)
Other Adjustments 16,807,023 (6,155,633) 19,227,246 15,588,168 (370,511) (158,355)
Ending Balance 2,246,511,886 2,045,527,741 300,833,913 243,409,615 1,659,338,149 1,533,213,436
SHARE CAPITAL
Beginning balance 290,778,672 279,778,431 88,653,974 77,804,974 - -
Adjustments: - 20,000 - 20,000 - -
Add/(Deduct):
Other Adjustments - 20,000 - 20,000 - -
Restated Balance 290,778,672 279,798,431 88,653,974 77,824,974 - -
SHARE PREMIUM
Beginning balance 1,255,832 1,255,832 1,025,470 1,025,470 - -
Changes in Equity for the Year - 0 - - - -
Add/(Deduct):
Issuances of Share Capital - 0 - - - -
Ending Balance 1,255,832 1,255,832 1,025,470 1,025,470 - -
TREASURY SHARES
Beginning balance (18,130) (18,130) (0) (0) - -
Changes in Equity for the Year 0 (0) 0 (0) - -
Add/(Deduct):
Other Adjustments 0 (0) 0 (0) - -
Ending Balance (18,130) (18,130) - (0) - -
379
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 6,918,035 (12,143,372) 3,489,660 (7,355,409) 3,444,071 (4,799,946)
Add/(Deduct):
Changes in fair value of available-for-
sale securities 6,917,993 (12,143,140) 3,489,660 (7,355,409) 3,444,071 (4,799,946)
Other Adjustments 42 (232) - - 0 -
Ending Balance 24,983,625 18,065,589 (1,860,069) (5,349,729) (13,552,500) (16,996,571)
MEMBERS' EQUITY
Beginning balance 318,372,760 301,421,320 - - 318,372,760 301,421,320
Adjustments: - (10,747,205) - - - (10,747,205)
Add/(Deduct):
Prior Period Errors - (10,747,205) - - - (10,747,205)
Restated Balance 318,372,760 290,674,115 - - 318,372,760 290,674,115
380
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 196,926,875 269,346,768 15,140,162 13,197,513 45,148,709 25,031,471
Adjustments: - 2,885,402 - 113,021 - 1,154,921
Add/(Deduct):
Changes in Accounting Policy - - - - - (1,266)
Prior Period Errors - 3,300,816 - 1,669 - 1,033,548
Other Adjustments - (415,414) - 111,352 - 122,639
Restated Balance 196,926,875 272,232,170 15,140,162 13,310,534 45,148,709 26,186,392
Changes in Equity for the Year (18,411,089) (75,305,295) 1,895,299 1,829,628 28,878,803 18,962,316
Add/(Deduct):
Surplus/(Deficit) for the period 987,062 (8,783,774) 1,979,294 1,827,379 22,981,102 18,838,393
Dividends (2,028,694) (118,136) (41,836) (16,809) (101,664) (52,002)
Other Adjustments (17,369,458) (66,403,385) (42,158) 19,058 5,999,366 175,925
Ending Balance 178,515,785 196,926,875 17,035,462 15,140,162 74,027,512 45,148,709
GOVERNMENT EQUITY
Beginning balance 25,550,352 24,197,146 12,632,390 12,453,314 3,604,134 3,469,241
Adjustments: - 303,246 - (62) - (1)
Add/(Deduct):
Prior Period Errors - 13,982 - (62) - (1)
Other Adjustments - 289,264 - - - -
Restated Balance 25,550,352 24,500,393 12,632,390 12,453,252 3,604,134 3,469,240
Changes in Equity for the Year (14,042,529) 1,049,959 112,496 179,137 1,399,069 134,894
Add/(Deduct):
Additional Capital from National
Government 48,471 1,005,141 116,761 179,137 1,416,368 1,098
Other Adjustments (14,091,000) 44,818 (4,265) - (17,300) 133,796
Ending Balance 11,507,823 25,550,352 12,744,885 12,632,390 5,003,202 3,604,134
CONTRIBUTED CAPITAL
Beginning balance 9,225,558 9,272,588 71,997,795 71,904,460 8,458,434 8,458,434
Adjustments: - (5,021) - - - -
Add/(Deduct):
Prior Period Errors - (288) - - - -
Other Adjustments - (4,732) - - - -
Restated Balance 9,225,558 9,267,568 71,997,795 71,904,460 8,458,434 8,458,434
REVALUATION SURPLUS
Beginning balance 124,612,848 135,052,055 812,494 815,388 6,660,521 6,660,763
Adjustments: - (29,527) - (2,895) - -
Add/(Deduct):
Other Adjustments - (29,527) - (2,895) - -
Restated Balance 124,612,848 135,022,528 812,494 812,494 6,660,521 6,660,763
Changes in Equity for the Year (4,537,319) (10,409,680) 5,269,433 - (511,843) (242)
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - - (74,872) - - -
381
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
RETAINED EARNINGS/(DEFICIT)
Beginning balance 106,270,090 96,557,843 56,562,183 61,628,667 (802,808) (1,290,318)
Adjustments: - (179,048) - (14,654,533) - 120,497
Add/(Deduct):
Changes in Accounting Policy - (93,438) - (1,873) - 438
Prior Period Errors - (28,099) - 989,108 - (16,337)
Other Adjustments - (57,511) - (15,641,769) - 136,397
Restated Balance 106,270,090 96,378,795 56,562,183 46,974,134 (802,808) (1,169,821)
Changes in Equity for the Year 8,716,012 9,891,294 6,158,176 9,588,049 993,505 367,013
Add/(Deduct):
Issuances of Share Capital - 2,500 - - - -
Member's Contribution - - - - - -
Net Income/Loss for the Year 11,771,918 13,145,652 15,349,210 19,293,337 2,456,097 528,157
Dividends (2,999,578) (3,682,678) (8,792,880) (11,839,921) (1,196,168) (172,123)
Other Adjustments (56,328) 425,821 (398,154) 2,134,633 (266,424) 10,979
Ending Balance 114,986,102 106,270,089 62,720,359 56,562,183 190,697 (802,808)
SHARE CAPITAL
Beginning balance 46,483,077 46,483,077 147,904,426 147,753,185 7,327,764 7,327,764
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 46,483,077 46,483,077 147,904,426 147,753,185 7,327,764 7,327,764
SHARE PREMIUM
Beginning balance 24,773 24,773 46,138 46,137 159,451 159,451
Changes in Equity for the Year - - - 0 - -
Add/(Deduct):
Issuances of Share Capital - - - 0 - -
Ending Balance 24,773 24,773 46,138 46,138 159,451 159,451
TREASURY SHARES
Beginning balance (735) (735) (16,700) (16,700) (696) (696)
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance (735) (735) (16,700) (16,700) (696) (696)
382
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
MEMBERS' EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
383
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 15,770,381 13,406,145
Adjustments: - (585,977)
Add/(Deduct):
Changes in Accounting Policy - (1,297)
Prior Period Errors - (345,765)
Other Adjustments - (238,915)
Restated Balance 15,770,381 12,820,168
GOVERNMENT EQUITY
Beginning balance 14,327,802 14,288,866
Adjustments: - -
Add/(Deduct):
Prior Period Errors - -
Other Adjustments - -
Restated Balance 14,327,802 14,288,866
CONTRIBUTED CAPITAL
Beginning balance 185,576 185,576
Adjustments: - -
Add/(Deduct):
Prior Period Errors - -
Other Adjustments - -
Restated Balance 185,576 185,576
REVALUATION SURPLUS
Beginning balance 7,690,547 7,690,547
Adjustments: - -
Add/(Deduct):
Other Adjustments - -
Restated Balance 7,690,547 7,690,547
384
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
RETAINED EARNINGS/(DEFICIT)
Beginning balance 106,875,225 125,358,360
Adjustments: - (726,591)
Add/(Deduct):
Changes in Accounting Policy - -
Prior Period Errors - (83,429)
Other Adjustments - (643,162)
Restated Balance 106,875,225 124,631,769
SHARE CAPITAL
Beginning balance 409,431 409,431
Adjustments: - -
Add/(Deduct):
Other Adjustments - -
Restated Balance 409,431 409,431
SHARE PREMIUM
Beginning balance - -
Changes in Equity for the Year - -
Add/(Deduct):
Issuances of Share Capital - -
Ending Balance - -
TREASURY SHARES
Beginning balance - -
Changes in Equity for the Year - -
Add/(Deduct):
Other Adjustments - -
Ending Balance - -
385
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
MEMBERS' EQUITY
Beginning balance - -
Adjustments: - -
Add/(Deduct):
Prior Period Errors - -
Restated Balance - -
386
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 24,928,079 21,856,523 - - 28,557 29,054
Collection of Income/Revenue 837,438,493 776,618,090 179,049,984 160,297,125 320,858,363 296,225,797
Receipt of Assistance/Subsidy 122,660,432 106,189,753 47,574 93,268 21,244,199 12,400,464
Collection of Receivables 371,219,862 354,706,495 218,798,319 210,184,172 61,498,004 57,594,310
Receipt of Inter-Agency Fund Transfers 14,310,774 14,444,334 - - 2,347,167 3,120,995
Receipt of Intra-Agency Fund Transfers 27,936,386 40,858,331 56,033 - 1,031 1,249
Trust Receipts 32,736,648 25,639,688 195,489 24,118 1,016,744 642,968
Other Receipts 397,214,203 347,711,126 385,166,588 337,177,633 2,923,312 1,943,483
Total Cash Inflows 1,828,444,877 1,688,024,339 783,313,987 707,776,315 409,917,377 371,958,321
Adjustments 2,177,813 4,175,134 1,230,465 2,499,219 51,693 167,490
Adjusted Cash Inflows 1,830,622,690 1,692,199,474 784,544,452 710,275,534 409,969,070 372,125,811
Cash Outflows
Payment of Expenses 355,853,551 356,404,640 88,791,791 95,360,330 22,631,452 22,937,660
Purchase of Inventories 14,163,411 15,461,056 39,225 41,754 318,847 307,506
Grant of Cash Advances 2,958,400 3,236,480 146,720 122,721 2,434 8,104
Prepayments 21,420,763 19,124,926 22,390 22,504 14,362,025 15,357,756
Refund of Deposits 3,780,971 4,883,207 1,371,999 2,233,205 18,040 368
Payments of Accounts Payable 151,922,920 141,966,974 28,267,092 26,417,921 97,278,914 88,099,842
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 41,773,301 39,977,364 142,376 113,731 12,949,628 13,588,759
Grant of Financial Assistance/Subsidy/
Contribution 41,840,381 39,083,443 56,504 2,050 52,885 92,062
Release of Inter-Agency Fund Transfers 6,202,531 9,018,468 121,379 - 18,260 19,622
Release of Intra-Agency Fund Transfers 32,842,333 40,460,363 - 2,324 - -
Release of Loans (Financial Institutions) 323,013,751 308,176,600 234,655,607 226,111,499 88,358,145 82,064,576
Other Disbursements 481,023,472 456,405,241 258,803,660 279,865,365 181,238,491 139,867,310
Total Cash Outflows 1,476,795,787 1,434,198,761 612,418,742 630,293,402 417,229,121 362,343,566
Adjustments 1,454,838 1,269,505 1,976 - 275,290 298,122
Adjusted Cash Outflows 1,478,250,625 1,435,468,266 612,420,717 630,293,402 417,504,410 362,641,687
Cash Inflows
Proceeds from Sale/ Disposal of
Investment Property 1,175,460 1,221,022 584,528 549,248 586,551 652,312
Proceeds from Sale/Disposal of Property,
Plant and Equipment 2,993,249 1,375,357 165,362 90,349 2,409 6,337
Sale of Investments 237,911,424 122,281,753 167,905,145 31,598,147 43,463,378 59,636,012
Receipt of Interest Earned 48,887,796 44,790,478 41,034 32,714 47,352,750 43,266,009
Receipt of Cash Dividends 6,163,529 6,998,543 1,582,906 1,943,450 3,679,531 3,426,107
Proceeds from Matured Investments/
Redemption of Long-term Investments/
Return on Investments 341,807,904 351,429,528 99,704,449 80,969,780 205,714,690 250,505,218
Collection of Long-Term Loans 127,062,365 116,470,691 11,679 6,169 126,809,892 115,137,544
Proceeds from Sale of Other Assets 14,526 207,886 - - 859 -
Total Cash Inflows 766,016,252 644,775,257 269,995,103 115,189,858 427,610,061 472,629,540
Adjustments (Please specify) 25,526,262 24,345,189 21,768,516 23,951,190 3,026,996 7
Adjusted Cash Inflows 791,542,514 669,120,446 291,763,618 139,141,048 430,637,057 472,629,547
Cash Outflows
Purchase/Construction of Investment Property 344,479 800,457 134,917 137,846 1,062 2,501
Purchase/Construction of Property, Plant
and Equipment 55,256,535 70,917,562 7,792,378 2,382,018 899,773 1,730,409
Purchase/Acquisition of Investments 799,299,696 752,072,278 423,213,332 321,805,158 285,903,588 389,841,724
387
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Purchase of Bearer/Consumable
Biological Assets 21,584 156,217 - - - -
Purchase of Intangible Assets 237,234 335,377 126,896 181,169 54,640 136,175
Grant of Loans 132,960,966 143,021,106 - - 132,410,372 142,574,585
Total Cash Outflows 988,120,495 967,302,997 431,267,523 324,506,190 419,269,436 534,285,395
Adjustments (Please specify) 2,405,359 13,508,215 5,000 5,959,890 1,277,871 5,079,746
Adjusted Cash Outflows 990,525,854 980,811,212 431,272,523 330,466,080 420,547,307 539,365,141
Cash Inflows
Proceeds from Incurrence of
Financial Liabilities 907,305,920 954,431,958 907,298,865 954,409,108 - -
Proceeds from Issuance of Bonds and
Acceptances Payable 201,735 464,199 35 4,472 - 435,290
Proceeds from Domestic and Foreign Loans 189,430,245 179,644,249 148,796,350 167,330,926 972,183 1,010,869
Equity/Contribution from National Government 45,476,745 73,612,381 - - 36,107,447 37,248,539
Proceeds from Issuance of Capital Stock and
other Equity Securities 3,475,890 11,907,444 3,463,137 11,872,029 12,750 11,246
Total Cash Inflows 1,145,890,534 1,220,060,231 1,059,558,388 1,133,616,535 37,092,380 38,705,943
Adjustments (Please specify) 145,266 3,813,581 56,425 3,753,090 - -
Adjusted Cash Inflows 1,146,035,800 1,223,873,812 1,059,614,813 1,137,369,625 37,092,380 38,705,943
Cash Outflows
Payment of Long-Term Liabilities 1,007,413,801 1,080,945,976 916,113,786 1,012,791,019 2,486,302 1,387,152
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of
Acceptances Payable 21,524,005 38,959,418 - - 135,170 230,855
Payment for Reacquisition of Capital Stock
and Other Equity Securities 11,175,723 17,907,575 - 5,650,000 10,563,353 11,987,998
Payment of Interest on Loans and Other
Financial Charges 24,941,412 27,936,630 - - 545,985 458,992
Payment of Cash Dividends 26,308,794 27,558,723 11,965,275 11,392,059 530,524 518,551
Total Cash Outflows 1,091,363,734 1,193,308,322 928,079,061 1,029,833,078 14,261,335 14,583,549
Adjustments (Please specify) 14,806,531 8,048,758 6,093,565 - 20,174 83,717
Adjusted Cash Outflows 1,106,170,266 1,201,357,081 934,172,626 1,029,833,078 14,281,509 14,667,266
CASH AND CASH EQUIVALENTS, JANUARY 1 1,236,945,299 1,108,971,378 975,202,305 819,520,020 52,572,741 85,764,013
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,455,325,594 1,236,945,299 1,158,366,066 975,202,305 77,989,089 52,572,741
388
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 10,655,880 7,461,607 6,692,210 6,419,490 14,982 11,858
Collection of Income/Revenue 114,728,773 111,797,908 39,436,885 31,158,943 20,216,443 32,906,852
Receipt of Assistance/Subsidy 4,941,681 7,097,937 1,012,967 843,562 42,613,974 31,240,032
Collection of Receivables 71,249,871 69,410,078 13,390,531 10,726,987 1,172,448 1,270,047
Receipt of Inter-Agency Fund Transfers 128,401 1,977,806 7,676,345 1,980,818 3,073,820 3,005,893
Receipt of Intra-Agency Fund Transfers 788,618 913,964 490,542 674,810 26,407,699 39,113,108
Trust Receipts 12,250,990 8,304,842 5,986,712 6,187,974 1,032,940 2,279,775
Other Receipts 7,322,051 4,774,234 273,019 1,253,675 976,193 1,231,819
Total Cash Inflows 222,066,266 211,738,377 74,959,211 59,246,258 95,508,498 111,059,385
Adjustments 266,045 216,632 63,731 83,588 44,663 68,296
Adjusted Cash Inflows 222,332,312 211,955,009 75,022,941 59,329,846 95,553,162 111,127,681
Cash Outflows
Payment of Expenses 85,603,081 84,055,713 22,655,927 16,712,790 12,117,564 11,281,269
Purchase of Inventories 5,341,653 4,786,784 121,995 195,382 685,248 2,121,558
Grant of Cash Advances 600,544 658,886 1,693,037 2,046,833 387,042 307,276
Prepayments 3,912,046 2,410,459 113,990 58,162 2,770,362 1,160,230
Refund of Deposits 84,689 89,765 2,176,727 2,421,195 106,665 105,346
Payments of Accounts Payable 8,489,358 7,862,278 3,622,608 3,236,621 1,845,520 3,179,999
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 5,846,706 6,829,193 2,355,517 1,639,739 3,027,889 2,372,742
Grant of Financial Assistance/Subsidy/
Contribution 5,192,950 3,808,779 852,042 518,201 - 58,812
Release of Inter-Agency Fund Transfers 2,532,269 2,864,463 1,666,621 1,485,018 1,419,254 3,846,437
Release of Intra-Agency Fund Transfers 5,549,038 1,730,393 307,689 449,930 26,960,502 38,277,706
Release of Loans (Financial Institutions) - 526 - -
Other Disbursements 15,660,683 11,648,031 7,866,930 7,056,722 491,142 608,082
Total Cash Outflows 138,813,017 126,745,270 43,433,083 35,820,594 49,811,189 63,319,456
Adjustments 226,481 726,776 760,831 108,546 24,158 22,704
Adjusted Cash Outflows 139,039,498 127,472,046 44,193,913 35,929,140 49,835,347 63,342,160
Cash Inflows
Proceeds from Sale/ Disposal of
Investment Property 2,591 18,047 1,790 1,318 - 97
Proceeds from Sale/Disposal of Property,
Plant and Equipment 182,095 94,091 560,300 111,022 2,082,329 1,073,554
Sale of Investments 238,744 1,196,785 23,940,073 28,179,952 1,312,431 1,470,149
Receipt of Interest Earned 562,445 407,129 685,330 920,030 100,704 63,748
Receipt of Cash Dividends 139,468 434,041 759,713 1,190,512 1,770 4,432
Proceeds from Matured Investments/
Redemption of Long-term Investments/
Return on Investments 15,348,763 1,519,488 11,472,245 8,008,953 1,000 -
Collection of Long-Term Loans 111,423 858,165 18,781 344,752 110,589 124,060
Proceeds from Sale of Other Assets 8,391 19,876 4,721 187,687 125 36
Total Cash Inflows 16,593,922 4,547,622 37,442,953 38,944,225 3,608,949 2,736,076
Adjustments (Please specify) 618,331 391,358 30,571 0 - -
Adjusted Cash Inflows 17,212,253 4,938,980 37,473,524 38,944,225 3,608,949 2,736,076
Cash Outflows
Purchase/Construction of Investment Property 83,672 580,892 59,045 79,218 - -
Purchase/Construction of Property, Plant
and Equipment 11,844,208 12,020,890 7,154,192 30,924,641 22,579,058 20,514,742
Purchase/Acquisition of Investments 20,556,410 3,342,658 54,310,604 30,682,841 4,340,361 2,615,060
389
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Purchase of Bearer/Consumable
Biological Assets - - - - 21,584 156,217
Purchase of Intangible Assets 5,462 2,027 2,922 627 208 -
Grant of Loans 504,725 299,419 1,661 91,185 44,209 55,916
Total Cash Outflows 32,994,477 16,245,886 61,528,423 61,778,512 26,985,419 23,341,935
Adjustments (Please specify) 1,114,232 1,032,273 8,256 15,176 - -
Adjusted Cash Outflows 34,108,709 17,278,159 61,536,679 61,793,688 26,985,419 23,341,935
Cash Inflows
Proceeds from Incurrence of
Financial Liabilities 594 1,686 6,461 21,164 - -
Proceeds from Issuance of Bonds and
Acceptances Payable 58 52 201,642 24,386 - -
Proceeds from Domestic and Foreign Loans 16,864,711 2,752,454 - - 22,797,000 8,550,000
Equity/Contribution from National Government 4,058,458 14,176,570 5,108,640 21,783,272 - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - 2 24,169 - -
Total Cash Inflows 20,923,821 16,930,763 5,316,745 21,852,990 22,797,000 8,550,000
Adjustments (Please specify) 86,707 58,918 2,134 1,572 - -
Adjusted Cash Inflows 21,010,528 16,989,680 5,318,879 21,854,563 22,797,000 8,550,000
Cash Outflows
Payment of Long-Term Liabilities 49,762,668 33,958,035 3,222,912 3,574,707 34,943,797 27,905,095
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of
Acceptances Payable 21,388,835 38,728,563 - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities 38 367 612,332 269,210 - -
Payment of Interest on Loans and Other
Financial Charges 18,948,240 21,091,504 262,609 269,372 5,184,577 6,116,762
Payment of Cash Dividends 4,950,921 4,321,562 7,082,228 8,868,911 273,902 189,942
Total Cash Outflows 95,050,702 98,100,032 11,180,082 12,982,200 40,402,277 34,211,799
Adjustments (Please specify) 25,043 24,142 8,667,750 7,940,899 - -
Adjusted Cash Outflows 95,075,745 98,124,174 19,847,831 20,923,099 40,402,277 34,211,799
CASH AND CASH EQUIVALENTS, JANUARY 1 78,729,383 87,618,576 45,224,811 42,981,618 17,750,321 16,220,443
CASH AND CASH EQUIVALENTS, DECEMBER 31 71,057,566 78,729,383 37,442,645 45,224,811 22,485,519 17,750,321
390
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 7,536,449 7,934,514
Collection of Income/Revenue 163,148,045 144,231,465
Receipt of Assistance/Subsidy 52,800,037 54,514,489
Collection of Receivables 5,110,689 5,520,902
Receipt of Inter-Agency Fund Transfers 1,085,042 4,358,821
Receipt of Intra-Agency Fund Transfers 192,465 155,200
Trust Receipts 12,253,773 8,200,011
Other Receipts 553,039 1,330,281
Total Cash Inflows 242,679,538 226,245,683
Adjustments 521,216 1,139,909
Adjusted Cash Inflows 243,200,754 227,385,592
Cash Outflows
Payment of Expenses 124,053,737 126,056,878
Purchase of Inventories 7,656,443 8,008,072
Grant of Cash Advances 128,624 92,661
Prepayments 239,951 115,815
Refund of Deposits 22,851 33,329
Payments of Accounts Payable 12,419,427 13,170,314
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 17,451,186 15,433,199
Grant of Financial Assistance/Subsidy/
Contribution 35,686,000 34,603,539
Release of Inter-Agency Fund Transfers 444,747 802,927
Release of Intra-Agency Fund Transfers 25,104 10
Release of Loans (Financial Institutions)
Other Disbursements 16,962,566 17,359,731
Total Cash Outflows 215,090,636 215,676,473
Adjustments 166,103 113,358
Adjusted Cash Outflows 215,256,739 215,789,831
Cash Inflows
Proceeds from Sale/ Disposal of
Investment Property - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment 754 4
Sale of Investments 1,051,652 200,708
Receipt of Interest Earned 145,532 100,847
Receipt of Cash Dividends 140 -
Proceeds from Matured Investments/
Redemption of Long-term Investments/
Return on Investments 9,566,757 10,426,090
Collection of Long-Term Loans - -
Proceeds from Sale of Other Assets 429 287
Total Cash Inflows 10,765,264 10,727,936
Adjustments (Please specify) 81,848 2,633
Adjusted Cash Inflows 10,847,113 10,730,570
Cash Outflows
Purchase/Construction of Investment Property 65,783 -
Purchase/Construction of Property, Plant
and Equipment 4,986,926 3,344,861
Purchase/Acquisition of Investments 10,975,401 3,784,838
391
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Purchase of Bearer/Consumable
Biological Assets - -
Purchase of Intangible Assets 47,107 15,380
Grant of Loans - -
Total Cash Outflows 16,075,217 7,145,080
Adjustments (Please specify) - 1,421,130
Adjusted Cash Outflows 16,075,217 8,566,209
Cash Inflows
Proceeds from Incurrence of
Financial Liabilities - -
Proceeds from Issuance of Bonds and
Acceptances Payable - -
Proceeds from Domestic and Foreign Loans - -
Equity/Contribution from National Government 202,200 404,000
Proceeds from Issuance of Capital Stock and
other Equity Securities - -
Total Cash Inflows 202,200 404,000
Adjustments (Please specify) - -
Adjusted Cash Inflows 202,200 404,000
Cash Outflows
Payment of Long-Term Liabilities 884,335 1,329,967
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of
Acceptances Payable - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - -
Payment of Interest on Loans and Other
Financial Charges - -
Payment of Cash Dividends 1,505,943 2,267,697
Total Cash Outflows 2,390,278 3,597,665
Adjustments (Please specify) - -
Adjusted Cash Outflows 2,390,278 3,597,665
392
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 108,214,657 106,887,977 100,891,819 5,996,159
Assistance and Subsidy 172,135,477 172,137,242 72,125,060 100,012,183
Shares, Grants and Donations 15,403,491 12,636,625 25,531,964 (12,895,339)
Gains 326 1,199 1,108,220 (1,107,021)
Others 91,476,688 85,474,215 50,227,722 35,246,493
Total Receipts 387,230,639 377,137,259 249,884,784 127,252,475
PAYMENTS
Personnel Services 17,973,209 17,174,687 13,248,901 3,925,786
Maintenance and Other Operating
Expenses 147,653,008 148,708,270 98,337,204 50,371,066
Capital Outlay 156,503,071 156,945,169 42,497,531 114,447,638
Financial Expenses 69,965,916 69,723,267 66,181,936 3,541,331
Others 85,301,740 84,954,067 47,363,995 37,590,073
Total Payments 477,396,943 477,505,460 267,629,566 209,875,893
393
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
RECEIPTS
Services and Business Income 2,737 2,737 2,721 16
Assistance and Subsidy 115,545 115,545 47,574 67,971
Shares, Grants and Donations 31,000 29,000 7,103 21,897
Gains - - - -
Others - - 1,786 (1,786)
Total Receipts 149,282 147,282 59,183 88,099
PAYMENTS
Personnel Services 44,808 42,066 28,580 13,486
Maintenance and Other Operating Expenses 114,070 110,279 49,641 60,638
Capital Outlay 55,421 55,421 18,834 36,587
Financial Expenses - - 3 (3)
Others - - - -
Total Payments 214,299 207,766 97,058 110,708
RECEIPTS
Services and Business Income 2,416,886 2,471,459 1,520,249 951,210
Assistance and Subsidy 91,236,251 91,236,251 19,826,452 71,409,799
Shares, Grants and Donations - - - -
Gains - - - -
Others - - 512,151 (512,151)
Total Receipts 93,653,137 93,707,710 21,858,852 71,848,858
PAYMENTS
Personnel Services 1,235,548 1,064,430 768,853 295,577
Maintenance and Other Operating Expenses 1,355,891 973,530 744,935 228,595
Capital Outlay 90,997,786 90,997,786 14,757,966 76,239,820
Financial Expenses - - 185,761 (185,761)
Others - - - -
Total Payments 93,589,225 93,035,746 16,457,515 76,578,231
394
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
RECEIPTS
Services and Business Income 93,155,688 92,632,811 88,757,740 3,875,071
Assistance and Subsidy 9,481,473 9,481,473 5,540,678 3,940,795
Shares, Grants and Donations 15,372,491 12,607,625 25,508,030 (12,900,405)
Gains - - 1,101,618 (1,101,618)
Others 6,019,276 - - -
Total Receipts 124,028,928 114,721,909 120,908,066 (6,186,156)
PAYMENTS
Personnel Services 6,385,123 5,679,281 3,946,837 1,732,444
Maintenance and Other Operating Expenses 126,483,241 128,704,241 84,217,196 44,487,045
Capital Outlay 14,261,315 14,557,509 3,917,942 10,639,567
Financial Expenses 63,658,869 63,415,799 61,192,678 2,223,121
Others 7,940,288 7,792,615 4,696,913 3,095,702
Total Payments 218,728,835 220,149,445 157,971,566 62,177,879
RECEIPTS
Services and Business Income 395,785 392,463 433,157 (40,694)
Assistance and Subsidy 386,055 353,793 105,811 247,982
Shares, Grants and Donations - - 16,831 (16,831)
Gains - - 360 (360)
Others 58,159 58,159 3,856 54,303
Total Receipts 839,999 804,415 560,016 244,399
PAYMENTS
Personnel Services 182,628 177,551 152,313 25,238
Maintenance and Other Operating Expenses 206,161 189,032 189,017 16
Capital Outlay 426,997 394,735 135,871 258,864
Financial Expenses - - 17 (17)
Others - - 48,302 (48,302)
Total Payments 815,786 761,319 525,520 235,799
395
Republic of the Philippines
Government Corporations By Cluster
Combined Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
RECEIPTS
Services and Business Income 2,092,737 2,054,850 2,256,280 (201,430)
Assistance and Subsidy 66,009,928 66,043,955 42,916,394 23,127,562
Shares, Grants and Donations - - - -
Gains 326 676 3,828 (3,152)
Others 85,288,955 85,305,758 49,576,124 35,729,634
Total Receipts 153,391,946 153,405,239 94,752,626 58,652,614
PAYMENTS
Personnel Services 6,052,135 6,422,284 4,923,696 1,498,588
Maintenance and Other Operating Expenses 11,107,108 11,055,813 7,170,435 3,885,379
Capital Outlay 47,520,225 47,698,691 22,053,304 25,645,387
Financial Expenses 6,268,445 6,268,615 4,762,187 1,506,428
Others 77,132,010 76,932,010 42,407,749 34,524,261
Total Payments 148,079,923 148,377,413 81,317,370 67,060,043
RECEIPTS
Services and Business Income 10,150,823 9,333,657 7,921,672 1,411,986
Assistance and Subsidy 4,906,225 4,906,225 3,688,151 1,218,074
Shares, Grants and Donations - - - -
Gains - 523 2,414 (1,891)
Others 110,298 110,298 133,805 (23,508)
Total Receipts 15,167,346 14,350,703 11,746,042 2,604,661
PAYMENTS
Personnel Services 4,072,967 3,789,074 3,428,623 360,451
Maintenance and Other Operating Expenses 8,386,537 7,675,375 5,965,982 1,709,393
Capital Outlay 3,241,328 3,241,028 1,613,614 1,627,414
Financial Expenses 38,602 38,853 41,289 (2,437)
Others 229,442 229,442 211,030 18,412
Total Payments 15,968,875 14,973,771 11,260,538 3,713,233
396
FINANCIAL STATEMENTS
BY
GOVERNMENT CORPORATION
STATEMENT OF
FINANCIAL POSITION
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 570,535,114 549,266,257 570,450,897 549,079,638 32,471 34,552
Cash on Hand 36,748,630 32,047,740 36,748,510 32,047,610 32,471 34,552
Cash in Bank-Local Currency 401,471,620 444,837,274 401,387,588 444,728,849 - -
Cash in Bank-Foreign Currency 4,921,014 11,333,102 4,921,014 11,333,102 - -
Cash Equivalents 127,393,850 61,048,142 127,393,784 60,970,076 - -
Non-Current Assets Held for Sale 695,997 630,901 695,997 630,901 59,556 48,037
Non-Current Assets Held for Sale 695,997 630,901 695,997 630,901 59,556 48,037
Non-Current Assets
Non-International Reserves Foreign Assets 91,737,574 87,859,512 91,737,574 87,859,512 91,737,574 87,859,512
Foreign Exchange Receivables 91,711,379 87,833,593 91,711,379 87,833,593 91,711,379 87,833,593
Due from Foreign Banks-Special Accounts 26,195 25,919 26,195 25,919 26,195 25,919
397
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 33,982,183 28,403,832 33,957,821 28,383,182 23,065,045 17,992,439
Land 8,086,620 8,066,209 8,086,620 8,066,209 6,572,876 6,541,845
Land Improvements 133,577 82,209 133,577 82,209 133,170 81,693
Infrastructure Assets 632 21 632 21 - -
Buildings and Other Structures 9,194,322 9,079,189 9,194,322 9,079,189 5,777,778 5,802,571
Machinery and Equipment 3,435,908 3,708,406 3,422,254 3,692,959 2,947,609 3,202,861
Transportation Equipment 690,025 286,243 688,757 285,590 501,070 105,486
Furniture, Fixtures and Books 4,497,070 3,913,718 4,496,794 3,913,400 970,292 739,366
Leased Assets 451,359 494,620 451,359 494,620 - -
Leased Assets Improvements 857,314 645,186 848,152 645,186 - -
Other Property, Plant and Equipment 4,305,640 80,700 4,305,640 80,700 4,296,435 78,692
Construction in Progress 2,329,716 2,047,332 2,329,716 2,043,100 1,865,816 1,439,926
Biological Assets 43 49 43 49 - -
Bearer Biological Assets 43 49 43 49 - -
398
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Non-Current Liabilities
399
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 7,117,832,343 6,714,360,297 7,117,525,428 6,713,955,451 4,666,957,954 4,558,866,775
400
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 174,032,327 136,910,861 502,324 416,672 26,107 28,880
Cash on Hand 5,224,876 3,648,329 10,547 13,707 20 20
Cash in Bank-Local Currency 94,920,872 88,139,406 491,777 402,964 23,032 10,231
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents 73,886,579 45,123,126 - - 3,055 18,628
International Reserves - - - - - -
International Reserves - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Other Investments - - - - - -
Non-Current Assets
401
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 2,834,015 2,894,058 4,906 6,440 4,513 4,951
Land 740,664 747,138 - - - -
Land Improvements - - - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 587,666 589,478 - - 1,975 2,043
Machinery and Equipment 382,932 401,585 2,448 3,137 1,220 1,217
Transportation Equipment 144,964 138,219 1,428 1,713 745 886
Furniture, Fixtures and Books 417,120 399,055 1,030 1,284 573 805
Leased Assets - - - - - -
Leased Assets Improvements 285,655 173,149 - 306 - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress 275,014 445,434 - - - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
402
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Non-Current Liabilities
Currency Issued - - - - - -
Currency Issued - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
403
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus - - - - - -
Retained Earnings/(Deficit) 36,478,471 33,744,346 (766,599) (707,503) (27,604) (90,404)
Stockholders' Equity 17,500,000 17,500,000 1,005,241 1,005,241 1,132,000 1,132,000
Cumulative Changes in Fair Value (5,893,628) (6,354,466) - - - -
Total Net Assets/Equity 48,084,843 44,889,880 238,642 297,738 1,104,396 1,041,596
Total Liabilities and Net Assets/Equity 592,355,104 536,282,969 734,200 626,588 2,669,992 2,330,251
Difference between totals and sum of components is due to rounding off.
404
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 1,052 48,938 30,762 29,848 394,056,929 410,081,148
Cash on Hand - - 10 10 31,384,485 28,250,784
Cash in Bank-Local Currency 1,052 672 30,752 27,250 305,529,039 355,694,406
Cash in Bank-Foreign Currency - - - - 4,920,641 11,332,375
Cash Equivalents - 48,266 - 2,588 52,222,764 14,803,584
International Reserves - - - - - -
International Reserves - - - - - -
Non-Current Assets
405
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
406
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Currency Issued - - - - - -
Currency Issued - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
407
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus - - - - - -
Retained Earnings/(Deficit) 26,562 25,399 23,347 31,311 87,529,887 71,748,218
Stockholders' Equity 45,000 45,000 23,280 20,280 21,082,098 17,901,098
Cumulative Changes in Fair Value (171) (140) - - 5,411,941 3,536,033
Total Net Assets/Equity 71,390 70,259 46,627 51,591 114,023,927 93,185,349
Total Liabilities and Net Assets/Equity 71,390 75,259 170,852 151,178 1,623,837,515 1,402,725,626
408
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 75,531 118,344 128,649 242,630 41,940 42,511
Cash on Hand 500 500 50 225 45 71
Cash in Bank-Local Currency 7,434 24,765 128,599 241,950 41,895 42,440
Cash in Bank-Foreign Currency - - - 454 - -
Cash Equivalents 67,597 93,079 - - - -
International Reserves - - - - - -
International Reserves - - - - - -
Financial Assets - - - - - -
Financial Assets at Fair Value Through
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Financial Assets-Domestic Investments - - - - - -
Investment Securities at Amortized Cost - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Other Investments - - - - - -
Non-Current Assets
409
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments 13 13 - - 16 16
Sinking Fund - - - - - -
Other Investments 13 13 - - 16 16
Property, Plant and Equipment 17,891 17,759 23,147 23,146 414,608 438,219
Land - - - - - -
Land Improvements - - - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 7,625 7,953 14,973 16,884 24,365 25,622
Machinery and Equipment 4,315 5,285 5,552 4,364 - -
Transportation Equipment 3,471 4,100 2,238 1,486 73 73
Furniture, Fixtures and Books 503 421 384 411 2,556 2,549
Leased Assets 1,976 - - - 387,614 409,976
Leased Assets Improvements - - - - - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress - - - - - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
410
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
Non-Current Liabilities
Currency Issued - - - - - -
Currency Issued - - - - - -
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
411
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus 61,200 61,200 - - - -
Retained Earnings/(Deficit) 370,834 331,465 690,400 650,119 884,245 819,305
Stockholders' Equity 138,375 138,375 300,000 300,000 599,523 599,523
Cumulative Changes in Fair Value - - - - - -
Total Net Assets/Equity 570,409 531,040 990,400 950,119 1,483,769 1,418,829
Total Liabilities and Net Assets/Equity 648,698 622,766 1,257,713 1,244,325 4,299,140 3,975,229
Difference between totals and sum of components is due to rounding off.
412
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 86,772 59,358 7,096 7,457 1,335,140 960,522
Cash on Hand 40 40 28 7 1,642 1,445
Cash in Bank-Local Currency 86,732 59,317 7,068 7,449 119,336 77,998
Cash in Bank-Foreign Currency - - - - 373 273
Cash Equivalents - - - - 1,213,789 880,806
International Reserves - - - - - -
International Reserves - - - - - -
Non-Current Assets
413
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Property, Plant and Equipment 22,842 21,473 26,495 23,298 128,696 116,084
Land 10,782 10,782 - - 26,206 26,206
Land Improvements 407 516 - - - -
Infrastructure Assets - - 632 21 - -
Buildings and Other Structures 6,285 6,767 1,892 1,169 31,792 35,265
Machinery and Equipment 2,865 425 17,947 15,804 40,131 41,015
Transportation Equipment 2,035 2,394 4,864 5,313 16,357 7,523
Furniture, Fixtures and Books 203 257 1 1 4,086 4,542
Leased Assets - - - - - -
Leased Assets Improvements - 62 12 14 808 1,533
Other Property, Plant and Equipment 265 270 1,147 976 - -
Construction in Progress - - - - 9,316 -
Biological Assets 43 49 - - - -
Bearer Biological Assets 43 49 - - - -
414
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Currency Issued - - - - - -
Currency Issued - - - - - -
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
415
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 221,571 216,333 299,724 256,244 214,857,091 194,983,104
Difference between totals and sum of components is due to rounding off.
416
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 93,797 97,920 84,217 186,619 25,472 90,725
Cash on Hand 93,797 97,920 120 130 10 10
Cash in Bank-Local Currency - - 84,032 108,424 25,396 12,649
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents - - 65 78,065 65 78,065
International Reserves - - - - - -
International Reserves - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Other Investments - - - - - -
Non-Current Assets
417
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
418
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Provisions - - - 20 - -
Provisions - - - 20 - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Currency Issued - - - - - -
Currency Issued - - - - - -
Deposit Liabilities - - - - - -
Deposit Liabilities - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
419
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 9,144,484 11,598,804 306,914 404,847 32,927 133,384
Difference between totals and sum of components is due to rounding off.
420
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CIC LCDFI
ASSETS
Current Assets
International Reserves - - - -
International Reserves - - - -
Financial Assets - - - -
Financial Assets at Fair Value Through
Surplus/Profit or Deficit/Loss - - - -
Financial Assets-Held to Maturity - - - -
Financial Assets-Available For
Sale Securities - - - -
Financial Assets-Domestic Investments - - - -
Investment Securities at Amortized Cost - - - -
Other Investments - - - -
Sinking Fund - - - -
Other Investments - - - -
Non-Current Assets
421
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CIC LCDFI
Investments in Associates/Affiliates - - - -
Investments in Associates/Affiliates - - - -
Investments in Subsidiaries - - - -
Investments in Subsidiaries - - - -
Other Investments - - - -
Sinking Fund - - - -
Other Investments - - - -
Investment Property - - - -
Land and Buildings - - - -
Biological Assets - - - -
Bearer Biological Assets - - - -
422
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CIC LCDFI
LIABILITIES
Current Liabilities
Deposit Liabilities - - - -
Deposit Liabilities - - - -
Provisions - - - 20
Provisions - - - 20
Other Payables - - 2 2
Other Payables - - 2 2
Non-Current Liabilities
Financial Liabilities - - - -
Payables - - - -
Bills/Bonds/Loans Payable - - - -
Currency Issued - - - -
Currency Issued - - - -
Deposit Liabilities - - - -
Deposit Liabilities - - - -
Inter-Agency Payables - - - -
Inter-Agency Payables - - - -
Trust Liabilities - - - -
Trust Liabilities - - - -
Provisions - - - -
Provisions - - - -
423
Cluster 1 - Banking and Credit
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CIC LCDFI
NET ASSETS/EQUITY
424
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 77,989,089 52,572,741 66,332,902 45,561,293 41,756 588,792
Cash on Hand 1,423,306 1,318,991 1,411,662 1,312,344 558 566
Cash in Bank-Local Currency 23,502,590 14,910,346 12,531,313 9,333,096 38,199 59,226
Cash in Bank-Foreign Currency 4,348,951 2,595,041 4,348,951 2,595,041 - -
Cash Equivalents 48,714,242 33,748,363 48,040,975 32,320,813 3,000 529,000
Non-Current Assets
425
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 19,723,835 30,585,836 17,948,633 18,367,599 32,687 33,876
Land 12,587,370 13,835,011 11,321,345 11,321,370 - -
Land Improvements 61,655 61,979 46,763 49,140 - -
Infrastructure Assets 7,091 8,687 7,091 8,687 - -
Buildings and Other Structures 3,360,580 4,071,015 3,226,854 3,490,023 9,143 9,143
Machinery and Equipment 2,141,877 2,328,453 1,965,292 2,159,917 19,346 20,487
Transportation Equipment 335,231 267,903 294,839 223,863 871 871
Furniture, Fixtures and Books 237,320 253,435 233,408 249,266 3,327 3,375
Leased Assets 73,321 53,644 73,321 53,644 - -
Leased Assets Improvements 19,399 25,076 19,399 25,076 - -
Heritage Assets 659,343 659,343 659,343 659,343 - -
Other Property, Plant and Equipment 10,961 10,225 9,791 8,938 - -
Construction in Progress 229,687 9,011,065 91,186 118,330 - -
LIABILITIES
Current Liabilities
426
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 2,372,063,503 2,180,286,846 2,234,977,906 2,062,004,884 16,303,653 16,752,292
Difference between totals and sum of components is due to rounding off.
427
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 5,569 6,335 25,062,127 15,678,183 8,221,684 4,666,192
Cash on Hand 33 33 361,525 337,434 273,058 259,154
Cash in Bank-Local Currency 5,536 6,302 3,077,286 2,161,921 4,950,400 3,212,834
Cash in Bank-Foreign Currency - - 4,323,315 2,558,827 22,302 32,167
Cash Equivalents - - 17,300,000 10,620,000 2,975,924 1,162,037
Non-Current Assets
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
428
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Other Investments - - - - - -
Property, Plant and Equipment 8,791 10,623 11,636,343 12,046,660 1,392,930 1,306,624
Land 676 676 7,900,392 7,900,392 103,017 103,043
Land Improvements - - 22,010 22,345 456 519
Infrastructure Assets 7,091 8,687 - - - -
Buildings and Other Structures 232 299 2,211,304 2,414,700 409,162 429,693
Machinery and Equipment 563 635 663,994 803,826 510,032 492,176
Transportation Equipment 203 293 97,114 114,609 141,844 62,360
Furniture, Fixtures and Books 24 33 55,410 60,673 155,097 165,189
Leased Assets - - - - 73,321 53,644
Leased Assets Improvements - - - - - -
Heritage Assets - - 659,343 659,343 - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress - - 26,776 70,771 - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
429
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus - - 8,176,863 8,176,863 - -
Retained Earnings/(Deficit) 16,481 18,973 1,096,599,644 1,001,898,473 75,430,195 67,536,534
Stockholders' Equity 10,000 10,000 - - - -
Cumulative Translation Adjustment - - - - - -
Cumulative Changes in Fair Value - - 3,701 - (5,333,274) (1,298,544)
Members’ Equity - - - - 361,436,073 317,744,306
Total Net Assets/Equity 26,481 28,973 1,104,780,208 1,010,075,336 431,532,993 383,982,297
Total Liabilities and Net Assets/Equity 38,679 36,679 1,123,950,659 1,033,210,050 488,744,520 439,301,628
Difference between totals and sum of components is due to rounding off.
430
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 1,018,815 2,430,722 1,810,939 954,807 2,141,192 2,669,565
Cash on Hand 35,611 1,375 8,165 9,384 7,387 6,676
Cash in Bank-Local Currency 718,533 1,244,457 568,846 48,888 1,031,394 168,396
Cash in Bank-Foreign Currency 2,511 2,502 64 64 - -
Cash Equivalents 262,160 1,182,388 1,233,864 896,470 1,102,411 2,494,492
Non-Current Assets
431
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 48,083 45,696 90,415 86,365 153,222 161,948
Land - - - - - -
Land Improvements 23,217 24,848 - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures - - - - 128,089 134,871
Machinery and Equipment 12,999 6,512 56,353 70,040 11,500 11,197
Transportation Equipment 2,473 2,495 21,340 4,543 5,076 6,525
Furniture, Fixtures and Books 7,322 7,490 1,484 1,564 1,823 1,855
Leased Assets - - - - - -
Leased Assets Improvements - 2,221 4,780 4,593 6,733 7,501
Heritage Assets - - - - - -
Other Property, Plant and Equipment 2,071 2,129 6,457 5,624 - -
Construction in Progress - - - - - -
LIABILITIES
Current Liabilities
432
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 32,258,608 34,075,049 36,861,225 34,592,180 23,221,166 20,955,334
Difference between totals and sum of components is due to rounding off.
433
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 30,041 20,543 1,008,833 251,939 26,821,426 17,830,920
Cash on Hand 5 5 1 7 725,167 697,560
Cash in Bank-Local Currency 30,037 20,539 293,782 62,756 1,810,218 1,885,611
Cash in Bank-Foreign Currency - - 50 36 602 464
Cash Equivalents - - 715,000 189,140 24,285,440 15,247,285
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Non-Current Assets
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
434
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Other Investments - - - - - -
Property, Plant and Equipment 473 838 71,242 74,507 4,450,181 4,530,622
Land - - - - 3,317,260 3,317,260
Land Improvements - - - - 1,080 1,428
Infrastructure Assets - - - - - -
Buildings and Other Structures - - 53,097 56,453 366,116 392,415
Machinery and Equipment 248 308 8,409 7,557 671,509 734,200
Transportation Equipment - - 6,809 8,385 16,488 20,739
Furniture, Fixtures and Books 26 104 255 336 7,682 7,920
Leased Assets - - - - - -
Leased Assets Improvements - - 1,608 1,018 5,635 9,101
Heritage Assets - - - - - -
Other Property, Plant and Equipment 198 426 1,064 759 - -
Construction in Progress - - - - 64,410 47,559
LIABILITIES
Current Liabilities
435
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 39,297 36,539 6,527,269 4,889,157 504,865,483 476,396,485
Difference between totals and sum of components is due to rounding off.
436
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 170,519 463,295 11,656,188 7,011,448 11,882 25,950
Cash on Hand 152 149 11,643 6,647 - -
Cash in Bank-Local Currency 7,082 462,166 10,971,277 5,577,250 11,882 6,416
Cash in Bank-Foreign Currency 108 980 - - - -
Cash Equivalents 163,175 - 673,267 1,427,550 - 19,534
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Financial Assets at Fair Value Through
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments - - 39 39 - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
437
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Other Investments - - 39 39 - -
Property, Plant and Equipment 64,268 69,840 1,775,203 12,218,238 36,530 33,289
Land - - 1,266,025 2,513,641 11,019 11,019
Land Improvements - - 14,892 12,839 - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 49,712 52,450 133,726 580,992 10,941 11,427
Machinery and Equipment 10,338 12,979 176,585 168,535 10,295 6,716
Transportation Equipment 2,621 3,042 40,392 44,039 3,589 3,416
Furniture, Fixtures and Books 956 726 3,911 4,169 686 710
Leased Assets - - - - - -
Leased Assets Improvements 642 642 - - - -
Heritage Assets - - - - - -
Other Property, Plant and Equipment - - 1,170 1,287 - -
Construction in Progress - - 138,501 8,892,735 - -
LIABILITIES
Current Liabilities
438
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 2,167,347 1,759,491 137,085,597 118,281,962 474,429 484,996
Difference between totals and sum of components is due to rounding off.
439
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated) (Restated)
ASSETS
Current Assets
Financial Assets - - - -
Financial Assets at Fair Value Through
Surplus/Profit or Deficit/Loss - - - -
Financial Assets-Held to Maturity - - - -
Non-Current Assets
Financial Assets - - - -
Financial Assets-Held to Maturity - - - -
Financial Assets-Available For
Sale Securities - - - -
Financial Assets at Fair Value Through
Investments in Subsidiaries - - - -
Investments in Subsidiaries - - - -
Other Investments 39 39 - -
Sinking Fund - - - -
Investments in Time Deposits - - - -
440
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated) (Restated)
Other Investments 39 39 - -
Intangible Assets - - - -
Intangible Assets - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - -
Intra-Agency Payables - - - -
441
Cluster 2 - Social Security Services and Housing
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated) (Restated)
Provisions - - - -
Provisions - - - -
Non-Current Liabilities
Financial Liabilities - - - -
Payables - - - -
Bills/Bonds/Loans Payable - - - -
Inter-Agency Payables - - - -
Inter-Agency Payables - - - -
Trust Liabilities - - - -
Trust Liabilities - - - -
NET ASSETS/EQUITY
442
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 71,057,566 78,729,383 20,368,223 21,420,060 164,562 103,676
Cash on Hand 989,035 900,853 584,336 169,884 215 215
Cash in Bank-Local Currency 34,200,492 36,777,265 15,232,964 13,944,925 164,252 103,319
Cash in Bank-Foreign Currency 600,356 404,140 90,988 87,251 95 142
Treasury/Agency Cash Accounts 0 106 - - - -
Cash Equivalents 35,267,683 40,647,019 4,459,935 7,218,001 - -
Non-Current Assets
443
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 536,237,235 524,358,055 177,739,220 167,811,197 86,058 99,068
Land 146,792,147 141,480,395 68,000,650 64,678,577 - -
Land Improvements 1,231,275 1,225,934 428,903 423,084 - -
Infrastructure Assets 90,674,779 109,840,228 50,795,610 53,397,890 - -
Buildings and Other Structures 39,926,817 41,713,265 6,506,523 6,319,565 - -
Machinery and Equipment 8,599,772 8,338,875 4,918,960 4,715,097 25,424 32,044
Transportation Equipment 5,982,170 7,632,989 1,052,042 1,305,242 9,468 11,479
Furniture, Fixtures and Books 943,086 1,080,146 194,322 216,102 980 1,361
Leased Assets 35,818 38,141 35,818 38,141 26,349 28,311
Leased Assets Improvements 45,720 47,215 45,009 46,792 22,209 23,895
Heritage Assets 1,307 1,197 - - - -
Service Concession Assets 204,860,443 176,264,307 22,179,080 14,664,426 - -
Exploration and Evaluation Assets 7,296,626 8,239,343 7,296,626 8,239,343 - -
Bearer Trees, Plants and Crops 79 80 79 80 - -
Other Property, Plant and Equipment 2,209,932 2,370,648 3,864,828 3,758,570 1,628 1,978
Construction in Progress 27,637,265 26,085,293 12,420,771 10,008,286 - -
444
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Non-Current Liabilities
445
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 1,655,983,745 1,665,895,385 279,306,611 262,234,996 1,311,797 1,031,593
Difference between totals and sum of components is due to rounding off.
446
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 866,048 806,548 57,375 4,151 249,679 356,213
Cash on Hand 13,403 9,634 - - - -
Cash in Bank-Local Currency 696,154 641,749 4,485 4,035 6,028 3,373
Cash in Bank-Foreign Currency - - 130 116 - -
Treasury/Agency Cash Accounts - - - - - -
Cash Equivalents 156,492 155,165 52,760 - 243,651 352,840
Non-Current Assets
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity - - 6,660,000 6,445,000 - -
Financial Assets-Available For
Sale Securities - - 2,600 2,450 - -
Financial Assets-Domestic Investments
- - - - - -
447
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 5,882,671 5,583,485 352,845 376,905 844,464 847,432
Land 3,577,170 3,577,170 201,067 267,635 765,169 765,169
Land Improvements - - 97 118 - -
Infrastructure Assets 1,675,498 1,544,070 - - 29,083 31,955
Buildings and Other Structures 353,814 311,008 103,601 97,828 29,516 28,603
Machinery and Equipment 73,143 75,585 3,878 4,994 17,647 18,373
Transportation Equipment 4,982 3,525 2,860 6,329 3,049 3,333
Furniture, Fixtures and Books 1,062 4,600 - - - -
Leased Assets - - - - - -
Leased Assets Improvements - - - - - -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - - - - -
Bearer Trees, Plants and Crops - - - - - -
Other Property, Plant and Equipment 8,386 9,876 - - - -
Construction in Progress 188,617 57,651 41,341 - - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
448
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Other Financial Liabilities - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
449
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 6,964,872 6,574,212 40,666,598 40,533,947 4,121,865 4,071,109
Difference between totals and sum of components is due to rounding off.
450
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 5,732 7,919 1,003,669 4,063,333 98,151 106,886
Cash on Hand - - 718 738 4 -
Cash in Bank-Local Currency 5,732 7,919 26,688 23,800 24,734 1,226
Cash in Bank-Foreign Currency - - 3,562 3,382 - -
Treasury/Agency Cash Accounts - - - - - -
Cash Equivalents - - 972,701 4,035,413 73,412 105,660
Non-Current Assets
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity 385,925 201,434 - - 253,219 357,884
Financial Assets-Available For
Sale Securities - - 1,654 1,594 - -
Financial Assets-Domestic Investments
- - - - - -
451
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Property, Plant and Equipment 198 243 7,527,127 8,501,250 117,724 86,344
Land - - - - - -
Land Improvements 33 40 - - - -
Infrastructure Assets - - 30,059 34,295 103,392 54,455
Buildings and Other Structures - - 48,140 53,945 - -
Machinery and Equipment 1 28 133,541 146,522 2,121 2,059
Transportation Equipment 0 0 4,165 5,147 1,225 -
Furniture, Fixtures and Books 0 1 3,280 4,421 2,532 2,959
Leased Assets - - - - - -
Leased Assets Improvements 164 174 10,445 11,903 780 -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - 7,296,626 8,239,343 - -
Bearer Trees, Plants and Crops - - - - - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress - - 871 5,673 7,674 26,872
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
Development in Progress - - - - - -
452
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Other Financial Liabilities - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
453
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus 152,576 152,576 - - 252,215 252,215
Retained Earnings/(Deficit) 444,314 401,200 11,362,918 10,773,701 277,325 325,549
Stockholders' Equity 72,301 72,301 2,113,251 2,113,251 374,972 374,972
Cumulative Translation Adjustment - - (1,220) 13,341 - -
Cumulative Changes in Fair Value - - (190) (232) - -
Total Liabilities and Net Assets/Equity 879,193 862,475 16,510,955 15,870,835 1,013,490 1,050,055
Difference between totals and sum of components is due to rounding off.
454
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Non-Current Assets
Financial Assets - - - - - -
Financial Assets at Fair Value Through
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Financial Assets-Domestic Investments
- - - - - -
455
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Lease Receivables - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Property, Plant and Equipment 3,656 313,896 112,989,000 105,066,159 274,298 274,411
Land - - 60,485,916 57,366,426 272,150 272,150
Land Improvements - - 263,838 293,562 - -
Infrastructure Assets - - 23,816,824 27,690,928 - -
Buildings and Other Structures 1,744 2,582 610,158 642,190 2,112 2,218
Machinery and Equipment 1 3 1,106,386 1,045,604 37 42
Transportation Equipment 1,900 311,295 200,299 244,581 0 0
Furniture, Fixtures and Books 11 17 53,008 66,945 - -
Leased Assets - - - - - -
Leased Assets Improvements 0 0 - - - -
Heritage Assets - - - - - -
Service Concession Assets - - 21,615,269 14,100,251 - -
Exploration and Evaluation Assets - - - - - -
Bearer Trees, Plants and Crops - - - - - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress - - 4,837,302 3,615,671 - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
456
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
457
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 73,741 386,427 131,595,325 121,745,568 353,269 325,685
Difference between totals and sum of components is due to rounding off.
458
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 11,616,303 10,450,906 50,689,343 57,309,322 397,336 5,038,693
Cash on Hand 490,392 98,865 404,698 730,969 7,449 7,275
Cash in Bank-Local Currency 8,088,778 7,721,906 18,967,528 22,832,341 376,072 5,017,678
Cash in Bank-Foreign Currency 76,212 61,211 509,369 316,889 3,422 3,422
Treasury/Agency Cash Accounts - - 0 106 - -
Cash Equivalents 2,960,921 2,568,924 30,807,748 33,429,018 10,393 10,318
Non-Current Assets
459
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Property, Plant and Equipment 49,661,179 46,662,005 358,498,015 356,546,858 53,997,893 54,348,949
Land 2,699,177 2,430,028 78,791,498 76,801,818 8,767,922 8,696,862
Land Improvements 164,934 129,364 802,372 802,850 360,080 361,361
Infrastructure Assets 25,140,755 24,042,187 39,879,170 56,442,338 14,748,349 23,958,238
Buildings and Other Structures 5,357,439 5,181,191 33,420,294 35,393,700 6,742,389 7,728,988
Machinery and Equipment 3,556,782 3,389,842 3,680,812 3,623,778 361,617 366,167
Transportation Equipment 824,094 719,553 4,930,128 6,327,747 3,232,488 4,356,908
Furniture, Fixtures and Books 133,448 135,798 748,764 864,044 189 231
Leased Assets 9,469 9,830 - - - -
Leased Assets Improvements 11,411 10,821 711 423 - -
Heritage Assets - - 1,307 1,197 - -
Service Concession Assets 563,811 564,175 182,681,363 161,599,881 12,232,570 94,411
Exploration and Evaluation Assets - - - - - -
Bearer Trees, Plants and Crops 79 80 - - - -
Other Property, Plant and Equipment 3,854,814 3,746,717 (1,654,896) (1,387,923) 0 165,303
Construction in Progress 7,344,966 6,302,419 15,216,494 16,077,006 7,552,289 8,620,479
460
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Non-Current Liabilities
461
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 75,815,504 69,783,091 1,376,677,134 1,403,660,388 67,846,243 69,428,413
Difference between totals and sum of components is due to rounding off.
462
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 5,420,212 6,020,555 3,800,629 3,354,816 7,730,877 8,190,884
Cash on Hand 12,467 11,945 634 426 855 122
Cash in Bank-Local Currency 5,407,745 6,008,610 481,596 69,594 7,721,691 8,157,754
Cash in Bank-Foreign Currency - - 55 54 877 26,032
Treasury/Agency Cash Accounts - - - - - -
Cash Equivalents - - 3,318,344 3,284,742 7,454 6,976
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Non-Current Assets
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity 16,933 16,933 - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Financial Assets-Domestic Investments
- - - - - -
463
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Property, Plant and Equipment 110,273 106,888 45,011,654 45,919,455 218,122 232,451
Land - - 19,973,027 19,973,027 45,730 45,730
Land Improvements 1,665 1,665 - - 97 97
Infrastructure Assets - - - - - -
Buildings and Other Structures 72,036 71,729 24,030,980 25,011,694 131,348 139,944
Machinery and Equipment 18,316 15,349 142,615 156,378 25,789 28,272
Transportation Equipment 662 662 104,106 99,901 10,080 12,631
Furniture, Fixtures and Books 2,490 2,269 1,630 1,420 2,564 3,263
Leased Assets - - - - - -
Leased Assets Improvements - - - - - -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - - - - -
Bearer Trees, Plants and Crops - - - - - -
Other Property, Plant and Equipment 15,103 15,213 - - 2,514 2,514
Construction in Progress - - 759,297 677,033 - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
Development in Progress - - - - - -
464
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
465
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 15,480,661 16,554,384 57,788,616 58,171,725 23,813,664 27,038,801
Difference between totals and sum of components is due to rounding off.
466
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 19,585,410 14,675,271 312,112 359,382 2,882,267 2,042,388
Cash on Hand - - 4,491 4,066 376,161 414,270
Cash in Bank-Local Currency 701,947 189,290 307,621 355,210 1,693,121 1,286,412
Cash in Bank-Foreign Currency 24,795 28,988 - - - -
Treasury/Agency Cash Accounts - - 0 106 - -
Cash Equivalents 18,858,668 14,456,992 - - 812,985 341,706
Financial Assets - - - - - -
Financial Assets at Fair Value Through
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Non-Current Assets
Financial Assets - - - - - -
Financial Assets at Fair Value Through
Surplus/Profit or Deficit/Loss - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Financial Assets-Domestic Investments
- - - - - -
467
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investment Property - - - - - -
Land and Buildings - - - - - -
Construction in Progress - - - - - -
Property, Plant and Equipment 11,322,185 11,425,595 51,371,993 51,484,270 3,855,117 4,130,638
Land 105,925 105,884 40,010,679 40,010,679 2,324,981 2,322,408
Land Improvements - - 430,189 430,189 10,341 9,538
Infrastructure Assets 5,905,013 6,163,081 7,741,288 7,760,569 - -
Buildings and Other Structures 724,206 659,663 906,508 923,806 506,620 535,914
Machinery and Equipment 2,544,774 2,249,054 316,913 343,521 190,766 374,787
Transportation Equipment 174,792 322,744 1,259,586 1,365,030 125,924 157,101
Furniture, Fixtures and Books 27,182 105,796 10,663 10,917 694,468 729,271
Leased Assets - - - - - -
Leased Assets Improvements - - - - 711 423
Heritage Assets - - - - 1,307 1,197
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - - - - -
Bearer Trees, Plants and Crops - - - - - -
Other Property, Plant and Equipment (1,680,024) (1,578,464) 7,511 7,511 - -
Construction in Progress 3,520,316 3,397,837 688,654 632,047 - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
Development in Progress - - - - - -
468
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
LIABILITIES
Current Liabilities
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
469
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 48,500,794 44,313,827 52,484,152 52,617,153 11,172,993 28,447,132
Difference between totals and sum of components is due to rounding off.
470
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated) (Restated)
ASSETS
Current Assets
Other Investments - - - -
Sinking Fund - - - -
Investments in Time Deposits - - - -
Other Investments - - - -
Non-Current Assets
471
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated) (Restated)
Investments in Associates/Affiliates - - - -
Investments in Associates/Affiliates - - - -
Biological Assets - - - -
Bearer Biological Assets - - - -
472
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated) (Restated)
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - -
Intra-Agency Payables - - - -
Provisions 8,404,000 - - -
Provisions 8,404,000 - - -
Non-Current Liabilities
Trust Liabilities - - - -
Trust Liabilities - - - -
Provisions - - - -
Provisions - - - -
473
Cluster 3 - Public Utilities
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated) (Restated)
NET ASSETS/EQUITY
474
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 37,442,645 45,224,811 32,921,540 43,937,565 477,573 536,650
Cash on Hand 311,226 352,107 260,043 312,684 3,516 1,616
Cash in Bank-Local Currency 8,678,921 9,574,862 6,793,004 8,335,775 450,139 519,520
Cash in Bank-Foreign Currency 1,515,726 2,073,245 1,514,928 2,072,507 20,506 12,134
Cash Equivalents 26,936,772 33,224,598 24,353,565 33,216,599 3,411 3,380
Non-Current Assets
475
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 196,928,689 205,673,365 187,819,937 197,031,988 1,080,028 917,209
Land 73,923,251 73,775,247 70,148,049 70,336,261 24,625 24,625
Land Improvements 20,042,394 19,963,625 19,842,948 19,743,360 8,967 9,854
Infrastructure Assets 33,757,080 38,175,848 33,651,857 38,008,097 635,426 594,830
Buildings and Other Structures 10,630,724 16,345,112 9,879,979 15,597,320 176,929 112,302
Machinery and Equipment 6,700,059 6,042,067 6,546,141 5,865,298 13,411 13,226
Transportation Equipment 359,127 292,865 330,041 272,475 22,680 22,457
Furniture, Fixtures and Books 474,936 528,836 464,279 515,760 23,964 24,477
Leased Assets 717 744 - - - -
Leased Assets Improvements 103,707 109,655 - - - -
Heritage Assets 4,360 4,360 4,360 4,360 - -
Service Concession Assets 37,591,270 37,472,559 35,443,779 35,208,712 - -
Other Property, Plant and Equipment 552,302 643,067 261,983 349,312 - -
Construction in Progress 12,788,764 12,319,379 11,246,521 11,131,032 174,026 115,437
LIABILITIES
Current Liabilities
476
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 488,453,292 452,576,891 464,159,401 430,483,848 2,382,356 2,186,794
Difference between totals and sum of components is due to rounding off.
477
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 6,108,454 2,520,423 14,417 16,127 1,858,399 2,377,333
Cash on Hand 425 263 501 347 9,660 18,308
Cash in Bank-Local Currency 75,715 73,113 13,916 15,780 108,094 80,308
Cash in Bank-Foreign Currency - - - - 14,292 5,733
Cash Equivalents 6,032,315 2,447,046 - - 1,726,353 2,272,984
Non-Current Assets
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
478
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 30,004,991 29,041,555 2,988 3,307 3,725,787 3,292,241
Land - - - - - -
Land Improvements 1,146,472 1,169,230 - - 1,533,288 1,167,203
Infrastructure Assets - - - - 1,256,457 1,257,779
Buildings and Other Structures 127,833 139,109 2,464 2,636 292,190 278,201
Machinery and Equipment 2,727 2,658 337 438 60,703 54,071
Transportation Equipment 34,776 45,011 150 183 47,669 15,296
Furniture, Fixtures and Books 19,727 17,396 37 50 19,141 16,538
Leased Assets - - - - - -
Leased Assets Improvements - - - - - -
Heritage Assets - - - - 843 843
Service Concession Assets 28,050,223 27,544,828 - - - -
Other Property, Plant and Equipment - - - - 215,903 311,490
Construction in Progress 623,234 123,323 - - 299,591 190,820
LIABILITIES
Current Liabilities
479
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus 5,505,449 - - - - -
Retained Earnings/(Deficit) 15,797,976 14,994,413 11,456 8,939 1,386,976 922,627
Stockholders' Equity 100,000,000 75,327,952 280,000 280,000 2,813,507 2,813,507
Total Liabilities and Net Assets/Equity 159,416,063 127,881,622 316,547 311,706 7,357,260 6,520,212
Difference between totals and sum of components is due to rounding off.
480
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 473,605 280,957 82,455 76,373 587,986 584,774
Cash on Hand 4,530 2,426 174 150 - 54
Cash in Bank-Local Currency 162,210 84,603 54,123 62,879 4,752 6,542
Cash in Bank-Foreign Currency 33,289 10,064 641 638 1,985 2,652
Cash Equivalents 273,576 183,865 27,518 12,706 581,248 575,526
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Non-Current Assets
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
481
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 2,311,696 1,988,864 10,819 29,781 8,216,423 8,217,202
Land - - - - - -
Land Improvements 258,444 219,632 1,650 2,140 - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 779,120 815,374 2,906 18,334 - -
Machinery and Equipment 833,156 730,154 2,728 3,436 - -
Transportation Equipment 31,744 36,970 3,143 5,328 1,038 1,062
Furniture, Fixtures and Books 12,328 8,272 391 378 5,075 5,906
Leased Assets - - - - - -
Leased Assets Improvements - - - - - -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress 396,905 178,463 - 165 8,210,310 8,210,234
LIABILITIES
Current Liabilities
482
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 3,117,987 2,762,469 231,981 214,275 20,457,546 21,540,754
Difference between totals and sum of components is due to rounding off.
483
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 12,184 13,954 6,075,265 7,640,977 1,676,347 1,887,116
Cash on Hand 1,729 160 81,545 58,532 187 305
Cash in Bank-Local Currency 3,461 6,856 2,623,590 2,924,738 1,254,904 1,469,638
Cash in Bank-Foreign Currency - - 667,829 368,860 421,255 417,172
Cash Equivalents 6,994 6,937 2,702,301 4,288,847 - -
Non-Current Assets
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
484
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Property, Plant and Equipment 6,102 8,709 63,034,625 64,887,198 4,116,322 4,370,414
Land - - 47,085,347 47,138,707 45,588 28,195
Land Improvements 14 14 1,467,053 1,585,217 576 25,407
Infrastructure Assets 26 26 6,512,338 9,421,499 4,039,950 4,254,210
Buildings and Other Structures 3,153 3,712 3,882,976 3,111,864 - -
Machinery and Equipment 1,280 1,539 2,788,757 2,151,699 8,131 14,591
Transportation Equipment 1,300 3,170 130,331 99,182 22,077 26,260
Furniture, Fixtures and Books 329 249 45,097 45,328 - -
Leased Assets - - - - - -
Leased Assets Improvements - - - - - -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Other Property, Plant and Equipment - - 12,256 2,936 - -
Construction in Progress - - 1,110,469 1,330,767 - 21,750
Intangible Assets 20 41 - - - -
Intangible Assets 20 41 - - - -
LIABILITIES
Current Liabilities
485
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 186,071 174,789 82,647,189 86,116,095 6,604,524 7,089,555
Difference between totals and sum of components is due to rounding off.
486
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 11,298 11,191 5,213,957 6,392,286 3,762,213 12,546,146
Cash on Hand - - 16,700 6,209 120,695 205,142
Cash in Bank-Local Currency 11,298 11,191 482,714 768,019 1,018,558 1,056,887
Cash in Bank-Foreign Currency - - 17,126 (10,788) - -
Cash Equivalents - - 4,697,416 5,628,846 2,622,960 11,284,116
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
487
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
488
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 42,898 42,791 13,066,724 12,568,813 54,622,861 54,275,764
Difference between totals and sum of components is due to rounding off.
489
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 720 913 1,945 4,126 23,940 26,670
Cash on Hand 315 241 47 53 - -
Cash in Bank-Local Currency 405 672 1,773 3,599 1,770 1,783
Cash in Bank-Foreign Currency - - 125 474 - -
Cash Equivalents - - - - 22,170 24,887
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Non-Current Assets
Financial Assets - - - - 7 14
Financial Assets-Held to Maturity - - - - 7 14
490
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
491
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 42,404 40,921 17,864,639 16,276,996 60,031 60,383
Difference between totals and sum of components is due to rounding off.
492
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 1,832 1,834 52,297 52,808 115 114
Cash on Hand - - - - - -
Cash in Bank-Local Currency 194 565 8,751 1,847 - -
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents 1,638 1,268 43,546 50,961 115 114
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Inventories - - - - - -
Inventory Held for Sale - - - - - -
Inventory Held for Distribution - - - - - -
Inventory Held for Manufacturing - - - - - -
Inventory Held for Consumption - - - - - -
Semi-Expendable Machinery
and Equipment - - - - - -
Semi-Expendable Furniture, Fixtures
and Books - - - - - -
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
493
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
Financial Liabilities 22 8 - - - -
Payables 22 8 - - - -
Bills/Bonds/Loans Payable - - - - - -
Tax Refunds Payable - - - - - -
Other Financial Liabilities - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
494
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus - - - - 18,407 18,407
Retained Earnings/(Deficit) (17,073) (16,751) 50,992 75,664 (80,068) (79,688)
Stockholders' Equity 10,000 10,000 9,086 9,086 4,301 4,301
Total Liabilities and Net Assets/Equity 5,714 6,372 62,471 94,375 18,766 18,765
Difference between totals and sum of components is due to rounding off.
495
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 22,087 16,928 46,506 88,720 50,875 50,562
Cash on Hand - - - - - -
Cash in Bank-Local Currency 2,896 4,460 1,394 40,635 208 210
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents 19,192 12,467 45,113 48,085 50,667 50,352
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Inventories - - - 63 - -
Inventory Held for Sale - - - 63 - -
Inventory Held for Distribution - - - - - -
Inventory Held for Manufacturing - - - - - -
Inventory Held for Consumption - - - - - -
Semi-Expendable Machinery
and Equipment - - - - - -
Semi-Expendable Furniture, Fixtures
and Books - - - - - -
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Investments in Associates/Affiliates - - 1 1 - -
Investments in Associates/Affiliates - - 1 1 - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
496
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
497
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus - - - 158,375 - -
Retained Earnings/(Deficit) 37,021 14,559 48,925 (12,817) (29,122) (29,392)
Stockholders' Equity 6,733 6,733 80,000 120,000 80,000 80,000
Total Liabilities and Net Assets/Equity 48,450 29,076 129,960 267,467 50,882 50,611
Difference between totals and sum of components is due to rounding off.
498
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 1,717 1,617 329,918 349,850 922,010 1,000,002
Cash on Hand - - 8,036 10,237 1,034 829
Cash in Bank-Local Currency 714 615 - - 195,866 280,648
Cash in Bank-Foreign Currency - - - - 3,253 3,241
Cash Equivalents 1,003 1,002 321,883 339,613 721,857 715,283
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
499
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
LIABILITIES
Current Liabilities
500
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables 28 20 - - - -
Other Payables 28 20 - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 4,521 4,570 8,047,708 7,242,474 5,750,237 6,668,865
Difference between totals and sum of components is due to rounding off.
501
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 789,028 591,046 3,624 5,384 567 567
Cash on Hand 350 250 - - - -
Cash in Bank-Local Currency 145,118 172,959 1,359 984 412 411
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents 643,560 417,836 2,265 4,400 156 156
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Non-Current Assets
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
502
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
503
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - 18 18
Other Payables - - - - 18 18
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus 454,865 534,193 - - 20,506 18,818
Retained Earnings/(Deficit) (4,439,268) (7,318,551) 2,502 4,172 (47,677) (47,145)
Stockholders' Equity 7,808,763 7,808,763 120,000 120,000 15,120 15,120
Total Liabilities and Net Assets/Equity 17,804,665 13,530,533 122,518 124,190 21,497 20,333
Difference between totals and sum of components is due to rounding off.
504
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 12,563 15,040 3,580,248 4,739,642 44,984 118,696
Cash on Hand 5 5 442 228 2,983 3,108
Cash in Bank-Local Currency 12,558 15,035 - - 12,790 9,084
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents - - 3,579,806 4,739,414 29,211 106,504
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Non-Current Assets
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
505
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 2,169 2,292 7,495,899 7,809,984 1,884 2,133
Land - - - - - -
Land Improvements - - - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures - - 94,241 136,369 1,632 1,881
Machinery and Equipment 174 192 - - 206 206
Transportation Equipment 253 253 2,719 3,239 5 5
Furniture, Fixtures and Books 595 595 5,383 6,493 41 41
Leased Assets - - - - - -
Leased Assets Improvements - - - - - -
Heritage Assets - - - - - -
Service Concession Assets - - 7,393,556 7,663,883 - -
Other Property, Plant and Equipment 1,147 1,252 - - - -
Construction in Progress - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
506
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Financial Liabilities - - - - - -
Payables - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 110,070 113,666 31,613,692 33,406,288 221,524 213,508
Difference between totals and sum of components is due to rounding off.
507
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 673,706 1,965,494 8,703 23,246 4,521,105 1,287,247
Cash on Hand 6,924 4,031 244 189 51,183 39,423
Cash in Bank-Local Currency 134,862 699,136 8,459 23,057 1,885,917 1,239,086
Cash in Bank-Foreign Currency 334,627 1,262,327 - - 798 738
Cash Equivalents 197,294 - - - 2,583,207 8,000
Non-Current Assets
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
508
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 17,608,088 24,169,999 602,385 553,818 9,108,752 8,641,377
Land 15,949,032 16,062,975 2,000 2,000 3,775,203 3,438,986
Land Improvements 11,615 13,583 13,106 13,106 199,445 220,265
Infrastructure Assets - - 168,770 168,770 105,223 167,751
Buildings and Other Structures 1,114,283 7,614,133 232,350 243,094 750,745 747,792
Machinery and Equipment 523,015 467,700 20,037 21,546 153,918 176,769
Transportation Equipment - - 5,297 1,776 29,086 20,390
Furniture, Fixtures and Books - - 3,506 3,843 10,657 13,076
Leased Assets - - - - 717 744
Leased Assets Improvements - - - - 103,707 109,655
Heritage Assets 3,517 3,517 - - - -
Service Concession Assets - - - - 2,147,490 2,263,847
Other Property, Plant and Equipment 6,626 8,091 - - 290,318 293,754
Construction in Progress - - 157,319 99,684 1,542,243 1,188,347
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
509
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 31,070,022 30,018,782 659,620 610,034 24,293,891 22,093,043
Difference between totals and sum of components is due to rounding off.
510
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 82,774 105,353 504,386 457,384 38,621 57,247
Cash on Hand 11 - 1,564 364 288 105
Cash in Bank-Local Currency 82,763 105,353 502,822 457,020 38,333 57,141
Cash in Bank-Foreign Currency - - - - - -
Cash Equivalents - - - - - -
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Associates/Affiliates - - - - - -
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
511
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Investment Property - - - - - -
Land and Buildings - - - - - -
Construction in Progress - - - - - -
Property, Plant and Equipment 875,421 767,351 298,358 310,877 380,595 382,439
Land 163,613 155,683 4,213 4,320 4,489 4,489
Land Improvements - - - - 139 155
Infrastructure Assets 87,706 87,095 - - 4,109 3,302
Buildings and Other Structures 31,300 1,500 271,223 280,202 68,934 71,419
Machinery and Equipment 4,779 3,931 15,255 15,840 13,086 9,880
Transportation Equipment 8,904 5,603 4,678 5,686 1,209 1,403
Furniture, Fixtures and Books 3,085 2,626 2,899 4,739 521 607
Leased Assets 506 521 - - - -
Leased Assets Improvements - - 89 89 - 0
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Other Property, Plant and Equipment 257 137 - - 288,108 291,185
Construction in Progress 575,271 510,255 - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
512
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Provisions - - - - - -
Provisions - - - - - -
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 1,028,254 956,007 865,801 829,774 447,663 464,655
Difference between totals and sum of components is due to rounding off.
513
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 2,279 536 11,063 10,285 3,872,130 645,795
Cash on Hand 20 0 224 117 48,865 38,692
Cash in Bank-Local Currency 2,259 536 10,840 10,168 1,247,303 606,413
Cash in Bank-Foreign Currency - - - - 798 690
Cash Equivalents - - - - 2,575,164 -
Non-Current Assets
Investments in Subsidiaries - - - - - -
Investments in Subsidiaries - - - - - -
514
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 229 201 67,150 72,176 7,401,867 7,014,688
Land - - 9,527 9,527 3,593,360 3,264,966
Land Improvements - - 14,664 17,205 184,642 202,905
Infrastructure Assets - - - - 13,408 77,355
Buildings and Other Structures - - 38,083 39,580 341,206 355,092
Machinery and Equipment 221 190 380 466 117,637 143,072
Transportation Equipment - - 553 646 13,277 6,399
Furniture, Fixtures and Books 8 11 1,956 2,703 2,187 2,391
Leased Assets - - 211 223 - -
Leased Assets Improvements - - - - 21,688 20,571
Heritage Assets - - - - - -
Service Concession Assets - - - - 2,147,490 2,263,847
Other Property, Plant and Equipment - - 1,777 1,825 - -
Construction in Progress - - - - 966,972 678,091
Intangible Assets - - - - - -
Intangible Assets - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
515
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 2,700 1,045 135,035 137,289 21,712,260 19,592,204
Difference between totals and sum of components is due to rounding off.
516
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
ASSETS
Current Assets
Financial Assets - -
Financial Assets-Held to Maturity - -
Other Investments - -
Investments in Time Deposits - -
Other Investments - -
Non-Current Assets
Financial Assets - -
Financial Assets-Held to Maturity - -
Investments in Associates/Affiliates - -
Investments in Associates/Affiliates - -
Investments in Subsidiaries - -
Investments in Subsidiaries - -
Other Investments - -
Sinking Fund - -
Investments in Time Deposits - -
Other Investments - -
517
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
Receivables - -
Loans and Receivable Accounts - -
Inter-Agency Receivables - -
Other Receivables - -
Investment Property - -
Land and Buildings - -
Construction in Progress - -
Intangible Assets - -
Intangible Assets - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - -
Intra-Agency Payables - -
Trust Liabilities - 48
Trust Liabilities - 48
518
Cluster 4 - Industrial and Area Development
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
Other Payables - -
Other Payables - -
Non-Current Liabilities
Financial Liabilities - -
Payables - -
Bills/Bonds/Loans Payable - -
Inter-Agency Payables - -
Inter-Agency Payables - -
Intra-Agency Payables - -
Intra-Agency Payables - -
Provisions - -
Provisions - -
Other Payables - -
Other Payables - -
NET ASSETS/EQUITY
519
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 22,485,519 17,750,321 6,093,332 3,218,395 1,426,794 194,444
Cash on Hand 151,423 117,206 10,937 7,918 396 596
Cash in Bank-Local Currency 15,113,670 13,255,164 843,805 732,702 18,947 15,595
Cash in Bank-Foreign Currency 518,146 246,777 23,192 19,970 - -
Treasury/Agency Cash Accounts 25,291 22,211 - - - -
Cash Equivalents 6,676,989 4,108,964 5,215,398 2,457,804 1,407,451 178,252
Non-Current Assets
520
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 244,582,937 222,519,561 8,557,541 8,039,688 6,155,281 6,684,103
Land 12,427,600 12,953,865 5,895,642 6,414,402 5,831,335 6,350,095
Land Improvements 20,496,230 21,664,001 276,087 256,454 67,390 80,426
Infrastructure Assets 77,907,107 65,114,866 671,177 11,451 1,581 173
Buildings and Other Structures 3,424,469 3,272,977 462,460 375,328 250,658 248,222
Machinery and Equipment 2,793,356 2,775,236 95,503 83,396 3,470 4,313
Transportation Equipment 402,622 397,019 56,313 41,432 259 287
Furniture, Fixtures and Books 154,148 150,173 6,514 7,236 549 549
Leased Assets Improvements 32,999 43,874 20,025 23,396 - -
Heritage Assets 169 169 - - - -
Service Concession Assets 95 95 - - - -
Exploration and Evaluation Assets 248,448 261,547 248,448 261,547 - -
Other Property, Plant and Equipment 685,885 183,713 528,890 11,790 39 39
Construction in Progress 126,009,810 115,702,026 296,483 553,258 - -
LIABILITIES
Current Liabilities
521
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 707,558,687 739,830,577 20,226,173 16,134,667 8,737,119 7,406,930
Difference between totals and sum of components is due to rounding off.
522
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 336,809 311,522 48,599 29,202 120,993 129,296
Cash on Hand 603 495 452 - 135 116
Cash in Bank-Local Currency 26,767 25,403 45,758 26,818 7,550 19,936
Cash in Bank-Foreign Currency - - - - 22,308 18,244
Treasury/Agency Cash Accounts - - - - - -
Cash Equivalents 309,439 285,624 2,389 2,384 91,000 91,000
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Other Investments - - - - - -
Non-Current Assets
Investment Property - - - - - -
Land and Buildings - - - - - -
523
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 68,822 72,396 7,154 6,299 271,348 281,278
Land 39,835 39,835 - - - -
Land Improvements 108 108 - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 27,196 30,560 - - 1,905 2,242
Machinery and Equipment 1,336 1,455 3,931 2,114 2,014 3,160
Transportation Equipment 308 308 533 533 1,572 1,942
Furniture, Fixtures and Books 28 120 953 734 - -
Leased Assets Improvements - - 1,737 2,917 2,404 3,486
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - - - 248,448 261,547
Other Property, Plant and Equipment 10 10 - - - -
Construction in Progress - - - - 15,006 8,901
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
Consumable Biological Assets - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
524
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Provisions - - 1,267 - - -
Provisions - - 1,267 - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 620,957 600,948 486,481 444,038 416,452 446,063
Difference between totals and sum of components is due to rounding off.
525
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 2,973,523 1,175,625 1,179,664 1,257,129 6,950 121,178
Cash on Hand 3,066 2,578 6,265 4,114 20 20
Cash in Bank-Local Currency 403,061 231,991 334,792 291,801 6,930 121,158
Cash in Bank-Foreign Currency - - 883 1,726 - -
Treasury/Agency Cash Accounts - - - - - -
Cash Equivalents 2,567,395 941,056 837,724 959,488 - -
Non-Current Assets
526
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 90,329 55,619 1,957,194 932,439 7,413 7,554
Land - - 24,472 24,472 - -
Land Improvements 2,159 - 206,430 175,920 - -
Infrastructure Assets - - 669,596 11,278 - -
Buildings and Other Structures 16,847 10,960 158,866 76,189 6,988 7,155
Machinery and Equipment 25,180 17,648 59,422 54,595 150 112
Transportation Equipment 38,179 21,222 15,233 16,911 228 228
Furniture, Fixtures and Books 1,966 853 2,971 4,921 47 60
Leased Assets Improvements 5,254 4,663 10,631 12,329 - -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - - - - -
Other Property, Plant and Equipment 743 273 528,097 11,467 - -
Construction in Progress - - 281,477 544,357 - -
Biological Assets - - - - - -
Bearer Biological Assets - - - - - -
Consumable Biological Assets - - - - - -
LIABILITIES
Current Liabilities
527
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Financial Liabilities - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Provisions 306,879 - - - - -
Provisions 306,879 - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 5,257,923 3,069,928 3,412,628 2,489,630 1,294,613 1,677,129
Difference between totals and sum of components is due to rounding off.
528
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 16,392,187 14,531,926 370,914 320,832 1,242,392 1,955,556
Cash on Hand 140,486 109,288 133 92 12,697 17,290
Cash in Bank-Local Currency 14,269,865 12,522,461 369,649 319,612 861,487 1,624,321
Cash in Bank-Foreign Currency 494,954 226,807 - - 211,031 159,126
Treasury/Agency Cash Accounts 25,291 22,211 - - - -
Cash Equivalents 1,461,591 1,651,159 1,131 1,127 157,177 154,820
Non-Current Assets
529
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 236,025,396 214,479,872 89,093 75,208 2,150,872 2,140,282
Land 6,531,958 6,539,463 - - 314,930 314,370
Land Improvements 20,220,142 21,407,547 3,066 4,499 107,674 83,679
Infrastructure Assets 77,235,931 65,103,414 - - - -
Buildings and Other Structures 2,962,009 2,897,649 35,451 17,863 1,087,153 1,069,649
Machinery and Equipment 2,697,853 2,691,840 38,577 32,047 396,367 444,821
Transportation Equipment 346,309 355,588 9,236 5,292 111,634 126,180
Furniture, Fixtures and Books 147,634 142,937 1,992 661 12,824 13,381
Leased Assets Improvements 12,974 20,479 134 - 12,840 13,884
Heritage Assets 169 169 - - - -
Service Concession Assets 95 95 - - - -
Exploration and Evaluation Assets - - - - - -
Other Property, Plant and Equipment 156,995 171,924 637 707 4,538 2,316
Construction in Progress 125,713,327 115,148,768 - 14,137 102,912 72,003
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
530
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 687,332,514 723,695,910 1,386,721 1,459,832 323,440,350 387,657,755
Difference between totals and sum of components is due to rounding off.
531
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 9,847,366 7,805,410 156,109 31,613 815,230 1,241,015
Cash on Hand 118,507 81,638 513 1,416 3,506 3,410
Cash in Bank-Local Currency 9,147,070 7,282,071 154,480 29,081 781,636 1,210,288
Cash in Bank-Foreign Currency 167,262 35,724 - - 2,755 3,122
Treasury/Agency Cash Accounts 71 130 - - 25,219 22,081
Cash Equivalents 414,455 405,846 1,116 1,116 2,113 2,113
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Other Investments - - - - - -
Sinking Fund - - - - - -
Other Investments - - - - - -
Non-Current Assets
Financial Assets 2 2 1 1 - -
Financial Assets-Held to Maturity 2 2 1 1 - -
532
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 231,815,682 210,392,122 215,390 220,168 699,886 624,915
Land 5,755,909 5,755,038 87,300 96,235 142,416 142,416
Land Improvements 20,075,360 21,284,422 11,286 6,071 4,972 5,535
Infrastructure Assets 77,216,955 65,082,416 10,356 10,688 1,645 520
Buildings and Other Structures 1,266,541 1,253,705 60,766 61,880 81,410 66,711
Machinery and Equipment 1,571,068 1,616,635 34,508 34,356 410,673 347,565
Transportation Equipment 141,238 139,354 8,866 5,191 37,861 40,401
Furniture, Fixtures and Books 122,938 118,430 1,319 1,511 4,687 5,745
Leased Assets Improvements - - - - - -
Heritage Assets 169 169 - - - -
Service Concession Assets 95 95 - - - -
Exploration and Evaluation Assets - - - - - -
Other Property, Plant and Equipment 139,841 148,956 989 977 4,560 11,527
Construction in Progress 125,525,569 114,992,904 - 3,258 11,662 4,495
Intangible Assets - - - - - -
Intangible Assets - - - - - -
Development in Progress - - - - - -
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
533
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 351,843,238 324,196,231 564,245 581,149 2,954,467 3,381,898
Difference between totals and sum of components is due to rounding off.
534
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 1,221,501 1,233,958 932,057 898,768 1,806,619 1,044,775
Cash on Hand 553 368 2,653 3,303 1,924 1,770
Cash in Bank-Local Currency 1,105,783 978,765 45,065 35,317 1,804,695 1,043,005
Cash in Bank-Foreign Currency 113,906 28,835 - - - -
Treasury/Agency Cash Accounts - - - - - -
Cash Equivalents 1,259 225,990 884,339 860,148 - -
Other Investments - - - - 82 82
Sinking Fund - - - - - -
Other Investments - - - - 82 82
Non-Current Assets
Other Investments - - - - - -
Sinking Fund - - - - - -
Investments in Time Deposits - - - - - -
Other Investments - - - - - -
535
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 820,770 811,459 48,527 50,194 185,176 165,525
Land 204,657 204,657 26,559 26,559 188 188
Land Improvements 10,863 14,802 - - 6,922 8,539
Infrastructure Assets 6,974 9,790 - - - -
Buildings and Other Structures 366,334 365,601 9,102 9,820 55,252 52,419
Machinery and Equipment 133,732 122,656 8,522 9,096 104,406 84,664
Transportation Equipment 24,144 23,029 3,639 4,028 9,691 12,112
Furniture, Fixtures and Books 2,387 1,792 705 690 782 728
Leased Assets Improvements - 6,595 - - - -
Heritage Assets - - - - - -
Service Concession Assets - - - - - -
Exploration and Evaluation Assets - - - - - -
Other Property, Plant and Equipment 1,458 1,660 - - 4,971 5,780
Construction in Progress 70,220 60,876 - - 2,963 1,095
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
536
Cluster 5 - Agricultural and Natural Resources
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 2,416,328 2,393,615 2,270,414 2,694,627 2,456,751 1,330,802
Difference between totals and sum of components is due to rounding off.
537
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 87,984,709 67,465,737 80,855,724 58,822,722 1,838,778 1,679,780
Cash on Hand 1,597,837 1,389,688 1,551,620 1,345,791 45,130 44,131
Cash in Bank-Local Currency 34,692,303 15,532,041 31,313,468 11,595,106 115,981 314,622
Cash in Bank-Foreign Currency 928,093 540,980 772,359 365,370 183,740 183,412
Cash Equivalents 50,766,476 50,003,028 47,218,278 45,516,456 1,493,927 1,137,614
Non-Current Assets
538
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 23,132,547 22,566,849 6,038,209 6,250,846 437,670 218,964
Land 10,030,739 9,820,285 1,738,921 1,730,467 - -
Land Improvements 65,465 50,804 4,945 4,913 - -
Infrastructure Assets 31,242 32,816 - - - -
Buildings and Other Structures 3,621,552 3,452,033 253,712 299,935 - -
Machinery and Equipment 6,709,154 6,343,575 3,036,990 3,328,725 119,672 60,523
Transportation Equipment 367,706 360,856 249,724 232,994 1,163 1,458
Furniture, Fixtures and Books 455,544 450,194 254,167 241,143 10,330 10,702
Leased Assets Improvements 252,672 274,984 140,239 152,297 14,969 17,782
Heritage Assets 52,458 52,509 - - - -
Other Property, Plant and Equipment 312,591 339,861 40,405 104,225 - -
Construction in Progress 1,233,424 1,388,933 319,106 156,146 291,536 128,500
LIABILITIES
Current Liabilities
539
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 298,143,720 268,896,458 251,742,353 223,301,081 3,385,274 2,873,793
Difference between totals and sum of components is due to rounding off.
540
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 15,563 12,327 14,867,680 10,913,434 10,325,983 5,670,484
Cash on Hand 6,543 3,369 1,268,374 1,211,592 10,929 6,910
Cash in Bank-Local Currency 8,995 8,934 1,378,978 1,312,988 10,315,054 5,663,574
Cash in Bank-Foreign Currency 24 24 497,912 129,371 - -
Cash Equivalents - - 11,722,417 8,259,484 - -
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Non-Current Assets
541
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 88,960 95,980 1,997,323 2,687,094 1,140,794 1,118,166
Land 75,356 75,356 33,349 33,349 757,438 748,984
Land Improvements 131 175 3,814 4,316 102 102
Infrastructure Assets - - - - - -
Buildings and Other Structures 5,185 5,680 185,760 228,876 21,347 23,107
Machinery and Equipment 1,664 7,905 1,527,180 2,117,106 318,190 238,711
Transportation Equipment 276 306 88,668 100,300 23,176 23,464
Furniture, Fixtures and Books 5,780 5,802 67,685 86,602 1,241 2,125
Leased Assets Improvements 568 757 51,903 66,400 18,242 27,809
Heritage Assets - - - - - -
Other Property, Plant and Equipment - - 38,965 50,145 1,057 53,788
Construction in Progress - - - - - 77
LIABILITIES
Current Liabilities
542
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 500,556 279,496 38,671,179 34,289,046 22,558,822 15,914,218
Difference between totals and sum of components is due to rounding off.
543
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 33,556,699 29,938,837 19,873,017 9,951,903 120,623 94,766
Cash on Hand 103,253 76,644 116,365 564 12 143
Cash in Bank-Local Currency 13,487,396 2,793,068 5,966,659 1,485,306 8,753 4,884
Cash in Bank-Foreign Currency 355 354 17,990 14,180 - -
Cash Equivalents 19,965,696 27,068,771 13,772,003 8,451,852 111,858 89,739
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Non-Current Assets
544
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 2,322,716 2,089,540 8,383 4,167 1,926 2,732
Land 872,778 872,778 - - - -
Land Improvements 898 321 - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 20,881 22,213 - - - -
Machinery and Equipment 1,049,577 889,665 2,775 2,290 966 1,287
Transportation Equipment 129,972 103,636 4,479 1,516 612 936
Furniture, Fixtures and Books 167,798 134,302 51 105 111 272
Leased Assets Improvements 53,242 39,055 1,077 257 237 237
Heritage Assets - - - - - -
Other Property, Plant and Equipment - - - - - -
Construction in Progress 27,569 27,569 - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
545
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Government Equity - - - - - -
Revaluation Surplus - - - - - -
Retained Earnings/(Deficit) 85,990,035 90,683,027 71,800 (21,167) (425,093) (389,254)
Stockholders' Equity - - 300,000 300,000 37,500 37,500
Cumulative Changes in Fair Value - - - - - -
Total Liabilities and Net Assets/Equity 151,820,634 146,580,832 20,194,699 11,232,240 199,583 181,816
Difference between totals and sum of components is due to rounding off.
546
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 257,382 561,191 7,128,985 8,643,015 392,825 287,351
Cash on Hand 1,014 2,438 46,217 43,896 2,633 4,499
Cash in Bank-Local Currency 31,652 11,729 3,378,835 3,936,935 388,297 282,471
Cash in Bank-Foreign Currency 72,338 38,027 155,735 175,611 1,895 381
Cash Equivalents 152,377 508,996 3,548,198 4,486,572 - -
Non-Current Assets
547
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 40,438 34,203 17,094,338 16,316,003 454,920 719,837
Land - - 8,291,817 8,089,817 68,967 68,967
Land Improvements - - 60,521 45,891 15,545 17,330
Infrastructure Assets - - 31,242 32,816 467 539
Buildings and Other Structures 20,539 20,059 3,367,840 3,152,098 258,354 25,418
Machinery and Equipment 16,966 11,238 3,672,164 3,014,850 3,654 1,913
Transportation Equipment 1,379 1,379 117,983 127,862 867 1,057
Furniture, Fixtures and Books 1,172 1,235 201,376 209,050 2,211 2,675
Leased Assets Improvements - - 112,432 122,686 104,855 108,565
Heritage Assets - - 52,458 52,509 - -
Other Property, Plant and Equipment 382 292 272,186 235,636 - -
Construction in Progress - - 914,318 1,232,787 - 493,371
LIABILITIES
Current Liabilities
548
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 14,411,606 11,949,641 46,401,366 45,595,377 5,228,807 5,424,530
Difference between totals and sum of components is due to rounding off.
549
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 199,962 171,014 196,962 159,870 63,911 90,903
Cash on Hand 1,550 236 584 97 2,547 1,621
Cash in Bank-Local Currency 195,749 150,620 96,566 57,695 52,405 80,261
Cash in Bank-Foreign Currency 2,663 171 46,422 40,568 8,960 8,397
Cash Equivalents - 19,987 53,391 61,510 - 624
Non-Current Assets
Investment Property - - - - - -
Land and Buildings - - - - - -
550
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 1,186,719 1,161,438 44,133 42,780 210,570 179,003
Land 796,387 796,387 - - 4,941 4,941
Land Improvements 41,414 24,675 - - - -
Infrastructure Assets 30,698 32,196 - - - -
Buildings and Other Structures 141,833 151,244 15,544 15,903 105,450 87,031
Machinery and Equipment 32,538 31,627 18,725 20,257 36,050 32,435
Transportation Equipment 2,964 3,468 4,126 4,131 12,404 15,440
Furniture, Fixtures and Books 5,057 4,478 1,906 (1,459) 22,311 21,375
Leased Assets Improvements - - - - - -
Heritage Assets 50,720 50,720 - - 1,453 1,453
Other Property, Plant and Equipment 82,290 66,355 3,833 3,948 38 -
Construction in Progress 2,819 289 - - 27,923 16,327
Intangible Assets - - - - - -
Intangible Assets - - - - - -
Development in Progress - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
551
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Financial Liabilities - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 2,668,115 2,009,305 575,321 531,979 1,075,612 797,712
Difference between totals and sum of components is due to rounding off.
552
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 292,073 290,832 2,997,776 2,578,963 52,173 22,133
Cash on Hand 2,236 3,986 24,328 16,549 - 0
Cash in Bank-Local Currency 289,837 286,846 627,291 257,158 52,173 22,133
Cash in Bank-Foreign Currency - - 36,261 22,472 - -
Cash Equivalents - - 2,309,896 2,282,784 - -
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Non-Current Assets
Receivables - - - - - -
Loans and Receivable Accounts - - - - - -
Inter-Agency Receivables - - - - - -
Other Receivables - - - - - -
Investment Property - - - - - -
Land and Buildings - - - - - -
553
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 4,519,677 4,317,066 3,397,264 3,156,143 15,803 21,506
Land 2,880,000 2,880,000 1,584,860 1,382,860 - -
Land Improvements 1,334 1,334 374 443 213 244
Infrastructure Assets - - - - - -
Buildings and Other Structures 995,061 1,002,037 1,070,730 1,088,807 9,244 11,993
Machinery and Equipment 622,976 413,449 731,236 673,347 1,960 1,197
Transportation Equipment 4,163 4,605 5,141 4,912 1,257 1,472
Furniture, Fixtures and Books 1,139 1,242 4,923 5,774 3,068 6,201
Leased Assets Improvements - - - - - -
Heritage Assets - - - - 60 112
Other Property, Plant and Equipment 15,003 14,398 - - - -
Construction in Progress - - - - - 287
Intangible Assets - - - - 73 -
Intangible Assets - - - - 73 -
Development in Progress - - - - - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
554
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 5,128,637 4,931,639 7,031,875 6,346,109 201,317 177,810
Difference between totals and sum of components is due to rounding off.
555
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 257,091 1,863,463 1,223,282 960,469 282,728 282,171
Cash on Hand 1,530 4,762 8,736 10,247 130 10
Cash in Bank-Local Currency 224,804 826,309 290,642 99,346 10,125 22,919
Cash in Bank-Foreign Currency 4,559 440 26,845 14,164 10,817 6,239
Cash Equivalents 26,198 1,031,952 897,058 836,712 261,656 253,004
Other Investments - - - - - -
Investments in Time Deposits - - - - - -
Non-Current Assets
556
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 2,157,464 2,049,881 3,317,450 2,956,001 27,247 31,878
Land 1,395,413 1,395,413 1,545,040 1,545,040 - -
Land Improvements 238 265 221 273 - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 110,985 82,958 470,199 500,115 - -
Machinery and Equipment 508,260 461,120 1,113,888 739,461 16,047 13,593
Transportation Equipment 6,682 7,152 5,677 1,588 3,083 3,781
Furniture, Fixtures and Books 1 1 155,693 162,296 540 384
Leased Assets Improvements - - - - 7,577 14,121
Heritage Assets 224 224 - - - -
Other Property, Plant and Equipment - - 26,731 7,228 - -
Construction in Progress 135,662 102,748 - - - -
Intangible Assets - - - - - -
Intangible Assets - - - - - -
Development in Progress - - - - - -
LIABILITIES
Current Liabilities
Provisions - - - - - -
Provisions - - - - - -
557
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Financial Liabilities - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Provisions - - - - - -
Provisions - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 3,226,187 4,671,259 5,268,906 4,543,405 763,841 766,873
Difference between totals and sum of components is due to rounding off.
558
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
ASSETS
Current Assets
Cash and Cash Equivalents 152,826 149,348 301,562 423,399 421,661 816,744
Cash on Hand 16 197 1,746 1,643 50 50
Cash in Bank-Local Currency 152,810 149,152 295,158 417,244 408,956 738,429
Cash in Bank-Foreign Currency - - 4,658 4,512 12,655 78,266
Cash Equivalents - - - - - -
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Non-Current Assets
Financial Assets - - - - - -
Financial Assets-Held to Maturity - - - - - -
Financial Assets-Available For
Sale Securities - - - - - -
Investment Property - - - - - -
Land and Buildings - - - - - -
559
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Property, Plant and Equipment 102,415 101,916 1,615,987 1,530,449 36,026 40,139
Land 6,306 6,306 4,270 4,270 - -
Land Improvements 959 1,062 - - - -
Infrastructure Assets - - - - - -
Buildings and Other Structures 52,653 53,675 124,432 120,536 13,356 12,382
Machinery and Equipment 37,902 36,231 532,406 575,511 14,401 13,417
Transportation Equipment 2,180 2,596 63,700 67,649 5,301 9,490
Furniture, Fixtures and Books 1,458 1,400 622 455 2,277 4,054
Leased Assets Improvements - - - - - -
Heritage Assets - - - - - -
Other Property, Plant and Equipment 681 71 142,920 142,840 690 797
Construction in Progress 276 575 747,638 619,189 - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - - - - - -
Intra-Agency Payables - - - - - -
Provisions - - - - - -
Provisions - - - - - -
560
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
Non-Current Liabilities
Financial Liabilities - - - - - -
Bills/Bonds/Loans Payable - - - - - -
Inter-Agency Payables - - - - - -
Inter-Agency Payables - - - - - -
Trust Liabilities - - - - - -
Trust Liabilities - - - - - -
Provisions - - - - - -
Provisions - - - - - -
Other Payables - - - - - -
Other Payables - - - - - -
NET ASSETS/EQUITY
Total Liabilities and Net Assets/Equity 394,363 370,295 2,543,557 2,537,124 1,364,735 1,715,933
Difference between totals and sum of components is due to rounding off.
561
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
VFP
2017 2016
ASSETS
Current Assets
Financial Assets - -
Financial Assets-Held to Maturity - -
Financial Assets-Available For
Sale Securities - -
Other Investments - -
Investments in Time Deposits - -
Non-Current Assets
Receivables - -
Loans and Receivable Accounts - -
Inter-Agency Receivables - -
Other Receivables - -
562
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
VFP
2017 2016
Intangible Assets - -
Intangible Assets - -
Development in Progress - -
LIABILITIES
Current Liabilities
Intra-Agency Payables - -
Intra-Agency Payables - -
Trust Liabilities - -
Trust Liabilities - -
Provisions - -
Provisions - -
Other Payables - -
Other Payables - -
563
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Financial Position
As at December 31, 2017
(in thousand pesos)
VFP
2017 2016
Non-Current Liabilities
Financial Liabilities - -
Bills/Bonds/Loans Payable - -
Inter-Agency Payables - -
Inter-Agency Payables - -
Provisions - -
Provisions - -
Other Payables - -
Other Payables - -
NET ASSETS/EQUITY
564
STATEMENT OF
COMPREHENSIVE
INCOME
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 35,767,409 32,252,867 35,717,505 32,212,866 15,038,307 13,186,091
Traveling Expenses 421,830 356,277 420,783 353,822 391,242 324,352
Training and Scholarship Expenses 66,774 80,425 54,271 71,874 46,340 61,399
Supplies and Materials Expenses 279,199 217,497 278,213 216,014 69,593 53,272
Utility Expenses 638,136 604,285 636,997 603,162 302,463 291,561
Communication Expenses 289,187 298,830 284,909 296,385 264,041 278,078
Awards/Rewards, Prizes and Indemnities 258 38 258 38 - -
Survey, Research, Exploration and
Development Expenses 400 - - - - -
Confidential, Intelligence and
Extraordinary Expenses 6,495,375 6,003,103 6,494,848 6,002,606 3,289 4,291
Professional Services 741,259 770,883 728,616 761,412 168,072 241,922
General Services 332,374 306,341 332,253 306,250 - -
Repairs and Maintenance 645,232 720,646 645,103 720,546 547,800 600,883
Taxes, Insurance Premiums and Other Fees 12,758,209 8,428,309 12,756,576 8,426,086 3,995,288 1,008,516
Labor and Wages 1,333 96 675 96 - -
Receivership and Liquidation Expenses 253,763 258,137 253,763 258,137 - -
Other Maintenance and Operating Expenses 12,844,082 14,208,000 12,830,239 14,196,438 9,250,179 10,321,817
Financial Expenses 57,993,018 66,612,446 57,993,015 66,612,443 36,482,684 44,537,476
Direct Costs 664,835 669,248 664,835 669,248 - -
Non-Cash Expenses 26,877,002 19,326,556 26,852,962 19,305,896 3,758,918 1,217,885
Depreciation 2,230,594 2,068,244 2,225,238 2,064,935 744,706 701,395
Amortization 117,590 106,138 98,943 88,868 88,320 74,635
Impairment Loss 1,710,789 1,368,833 1,710,752 1,368,833 65,873 441,855
Losses 22,818,029 15,783,341 22,818,029 15,783,259 2,860,019 -
565
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 4,423,187 4,131,979 35,190 33,946 19,237 19,569
Traveling Expenses - - 2,675 1,758 311 198
Training and Scholarship Expenses - - 896 937 584 259
Supplies and Materials Expenses 182,443 135,809 1,760 1,372 306 416
Utility Expenses 271,807 252,460 1,580 1,500 91 95
Communication Expenses - - 2,643 2,639 1,375 967
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 245,629 354,459 277 355 410 261
Professional Services 95,993 124,241 1,595 2,699 1,422 2,412
General Services 273,430 245,505 8,120 8,275 404 244
Repairs and Maintenance 78,581 96,291 1,476 1,261 38 27
Taxes, Insurance Premiums and Other Fees 2,577,681 2,306,467 5,346 5,354 11,398 10,569
Labor and Wages - - - - - -
Receivership and Liquidation Expenses - - - - - -
Other Maintenance and Operating Expenses 697,623 616,747 8,821 7,797 2,898 4,122
Financial Expenses 7,433,998 7,663,076 780 526 47,641 35,505
Direct Costs - - - - - -
Non-Cash Expenses 878,833 1,125,370 4,264 2,698 10,245 23,957
Depreciation 381,774 367,859 1,357 1,753 1,952 4,377
Amortization - - 11 - 37 11
Impairment Loss 497,059 757,511 - 945 8,256 19,569
Losses - - 2,897 - - -
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
566
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 236 229 94,030 161,137 14,043,393 11,842,486
Traveling Expenses - - 178 1,344 - -
Training and Scholarship Expenses - - 478 846 - -
Supplies and Materials Expenses - - 496 394 - -
Utility Expenses - - 753 849 - -
Communication Expenses - - 1,501 1,067 - -
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 2 2 - - 6,237,041 5,634,163
Professional Services - - 82,503 150,059 319,669 179,879
General Services - - 387 461 - -
Repairs and Maintenance - - 67 120 - -
Taxes, Insurance Premiums and Other Fees 234 223 1,792 797 6,078,067 4,988,862
Labor and Wages - - - - - -
Receivership and Liquidation Expenses - - - - - -
Other Maintenance and Operating Expenses - 4 5,873 5,197 1,408,615 1,039,581
Financial Expenses - - - - 10,236,434 10,677,828
Direct Costs - - - - - -
Non-Cash Expenses - - 728 437 2,719,152 1,762,600
Depreciation - - 666 343 1,035,286 927,664
Amortization - - 62 94 - -
Impairment Loss - - - - 1,109,820 118,370
Losses - - - - 574,047 716,566
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
567
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 7,039 8,281 15,335 16,988 57,932 65,582
Traveling Expenses - - 751 297 - -
Training and Scholarship Expenses 156 158 173 247 - -
Supplies and Materials Expenses 543 363 710 730 1,016 1,081
Utility Expenses 226 225 1,009 991 1,200 1,200
Communication Expenses 104 157 1,306 1,074 771 863
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 98 80 - - 377 413
Professional Services 214 187 1,314 864 854 710
General Services 29 184 1,120 2,151 - -
Repairs and Maintenance 325 725 262 250 5,835 8,007
Taxes, Insurance Premiums and Other Fees 3,052 3,492 1,553 2,108 28,555 31,524
Labor and Wages - - - - - -
Receivership and Liquidation Expenses - - - - - -
Other Maintenance and Operating Expenses 2,292 2,709 7,137 8,277 19,323 21,785
Financial Expenses 273 156 86 230 61,784 61,476
Direct Costs 277,907 295,636 - - - -
Non-Cash Expenses 1,678 1,805 5,273 6,250 28,009 38,434
Depreciation 1,667 1,750 2,774 2,532 9,903 10,032
Amortization 11 55 - - 297 526
Impairment Loss - - 2,456 3,714 17,500 21,620
Losses - - 43 5 309 6,256
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
568
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 9,996 9,268 14,048 14,489 1,717,442 2,482,096
Traveling Expenses 267 252 1,204 1,026 19,228 17,546
Training and Scholarship Expenses 141 386 138 197 3,710 3,624
Supplies and Materials Expenses 1,929 1,630 825 852 10,807 11,035
Utility Expenses 374 418 784 743 45,716 42,149
Communication Expenses 539 556 313 301 7,539 5,760
Awards/Rewards, Prizes and Indemnities 258 38 - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 109 116 46 146 6,946 7,580
Professional Services 450 274 892 1,749 39,433 43,403
General Services 349 289 525 467 27,877 28,820
Repairs and Maintenance 324 361 773 962 5,215 5,934
Taxes, Insurance Premiums and Other Fees 1,649 1,640 1,928 2,188 3,636 3,911
Labor and Wages 675 96 - - - -
Receivership and Liquidation Expenses - - - - 253,763 258,137
Other Maintenance and Operating Expenses 2,932 3,212 6,619 5,858 1,293,572 2,054,197
Financial Expenses 3 1 39,336 38,892 3,559,897 3,438,651
Direct Costs 264,408 226,055 122,519 147,557 - -
Non-Cash Expenses 3,745 2,879 6,141 1,338 19,376,328 15,036,738
Depreciation 1,766 1,462 672 492 15,344 17,758
Amortization 42 19 - - 10,164 13,527
Impairment Loss 1,938 1,397 5,227 438 8 3,071
Losses - - 242 408 19,350,812 15,002,382
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
569
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 242,134 240,726 49,904 40,001 2,884 4,057
Traveling Expenses 4,927 7,049 1,046 2,455 245 206
Training and Scholarship Expenses 1,654 3,821 12,502 8,551 67 29
Supplies and Materials Expenses 7,784 9,061 986 1,483 87 20
Utility Expenses 10,995 10,971 1,139 1,123 - -
Communication Expenses 4,777 4,922 4,277 2,445 9 10
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - 400 - - -
Confidential, Intelligence and
Extraordinary Expenses 625 742 526 497 - -
Professional Services 16,204 13,013 12,643 9,471 1,576 2,115
General Services 20,012 19,853 121 91 - -
Repairs and Maintenance 4,406 5,725 129 100 - -
Taxes, Insurance Premiums and Other Fees 46,395 60,434 1,633 2,222 811 1,440
Labor and Wages - - 658 - - -
Receivership and Liquidation Expenses - - - - - -
Other Maintenance and Operating Expenses 124,355 105,135 13,843 11,562 89 237
Financial Expenses 130,099 158,628 3 3 - -
Direct Costs - - - - - -
Non-Cash Expenses 59,647 85,505 24,040 20,659 54 18
Depreciation 27,372 27,519 5,356 3,308 - -
Amortization - - 18,647 17,270 18 18
Impairment Loss 2,616 344 36 - 36 -
Losses 29,659 57,642 - 81 - -
570
Cluster 1 - Banking and Credit
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
CIC LCDFI
571
Cluster 2 - Social Security Services and Housing
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
572
Cluster 2 - Social Security Services and Housing
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
573
Cluster 2 - Social Security Services and Housing
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Direct Costs - - - - - -
Non-Cash Expenses 11,105 114,687 80,090 190,395 17,647 18,914
Depreciation 7,276 10,139 17,233 10,984 12,073 13,724
Amortization 1,846 4,282 8,682 8,634 552 826
Impairment Loss - 71,651 36,118 45,643 5,022 4,363
Losses 1,983 28,615 18,056 125,134 - -
Discount and Rebates - - - - - -
574
Cluster 2 - Social Security Services and Housing
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Direct Costs - - - - - -
Non-Cash Expenses 267 207 134,411 70,024 2,486,101 4,959,965
Depreciation 267 187 8,123 6,990 181,402 185,008
Amortization - - - - 48,540 39,747
Impairment Loss - - 126,289 61,863 2,243,414 4,481,798
Losses - 20 - 1,172 12,746 253,412
Discount and Rebates - - - - - -
575
Cluster 2 - Social Security Services and Housing
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Direct Costs - - - - - -
Non-Cash Expenses 153,682 366,784 85,744 180,634 3,240 3,972
Depreciation 6,409 9,664 60,689 50,165 3,240 3,043
Amortization 1,457 1,794 - - - -
Impairment Loss 145,810 354,743 1,610 100,733 - -
Losses 5 582 581 7,936 - 930
Discount and Rebates - - 22,864 21,800 - -
576
Cluster 2 - Social Security Services and Housing
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated) (Restated)
Direct Costs - - - -
Non-Cash Expenses 69,164 164,242 13,339 12,419
Depreciation 44,440 35,037 13,008 12,086
Amortization - - - -
Impairment Loss 1,279 100,400 331 334
Losses 581 7,006 - -
Discount and Rebates 22,864 21,800 - -
577
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 140,352,769 138,991,512 51,209,182 49,603,812 868,189 872,009
Service Income 3,734,309 4,040,411 644,469 800,607 - -
Business Income 136,618,459 134,951,101 50,564,713 48,803,205 868,189 872,009
Maintenance and Other Operating Expenses 74,289,942 71,909,456 15,216,262 14,366,430 37,544 75,535
Traveling Expenses 406,379 358,000 226,364 213,041 3,829 6,453
Training and Scholarship Expenses 322,391 256,446 262,621 210,427 575 726
Supplies and Materials Expenses 24,821,189 21,261,642 1,425,556 1,224,435 2,929 3,081
Utility Expenses 3,351,679 3,060,667 3,221,847 2,935,421 2,996 3,516
Communication Expenses 223,429 200,378 162,160 142,261 1,771 1,597
Awards/Rewards, Prizes and Indemnities 97,477 65,228 41,423 12,658 - -
Survey, Research, Exploration and
Development Expenses 5,996 7,965 5,996 7,359 56 -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses 268,979 330,427 268,979 330,427 - -
Generation, Transmission and
Distribution Expenses 24,203,209 22,466,630 2,479,026 2,121,768 - -
Confidential, Intelligence and
Extraordinary Expenses 115,936 114,614 106,924 106,113 1,350 1,924
Professional Services 884,118 865,167 506,445 513,075 4,293 34,740
General Services 1,684,907 1,596,315 1,068,290 1,010,927 7,542 7,290
Repairs and Maintenance 3,930,223 4,213,173 3,234,139 3,686,336 1,207 1,349
Taxes, Insurance Premiums and Other Fees 1,419,506 4,062,761 659,883 685,299 1,673 1,206
Labor and Wages 602,699 554,212 235,742 207,601 - -
Members' Benefits 459 2,224 459 535 - -
Other Maintenance and Operating Expenses 11,951,367 12,493,606 1,310,408 958,748 9,324 13,652
578
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
579
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 1,601,556 1,686,153 570,705 1,253,180 110,130 99,262
Service Income 171 - - - - -
Business Income 1,601,385 1,686,153 570,705 1,253,180 110,130 99,262
Gains - - 0 7,447 - -
Maintenance and Other Operating Expenses 383,837 619,768 121,898 123,368 1,376 4,940
Traveling Expenses 4,136 3,977 2,988 2,453 41 274
Training and Scholarship Expenses 1,270 635 2,022 2,359 - -
Supplies and Materials Expenses 17,291 18,420 5,215 4,365 140 430
Utility Expenses 33,675 35,649 9,191 9,767 - 272
Communication Expenses 4,524 4,153 4,474 4,044 2 414
Awards/Rewards, Prizes and Indemnities 58 148 - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Generation, Transmission and
Distribution Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - 228 - - -
Professional Services 3,932 2,967 10,679 17,763 884 900
General Services 126,489 107,186 35,098 33,634 3 707
Repairs and Maintenance 154,925 413,210 4,005 2,782 38 9
Taxes, Insurance Premiums and Other Fees 11,023 10,028 15,383 14,866 222 197
Labor and Wages - - - - - -
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 26,512 23,395 32,617 31,335 47 1,737
580
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
581
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 57,229 58,959 4,372,349 3,894,238 32,226 16,013
Service Income - - 113,370 187,052 - -
Business Income 57,229 58,959 4,258,979 3,707,186 32,226 16,013
Maintenance and Other Operating Expenses 2,880 6,636 186,847 150,793 32,208 28,823
Traveling Expenses 15 142 8,960 8,071 1,760 2,144
Training and Scholarship Expenses - - 5,353 4,367 - -
Supplies and Materials Expenses 10 491 5,902 5,689 2,130 1,473
Utility Expenses - 373 11,883 11,459 725 675
Communication Expenses 12 315 5,330 5,735 2,006 1,209
Awards/Rewards, Prizes and Indemnities - - 41 327 - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Generation, Transmission and
Distribution Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - - - 815 1,413
Professional Services 884 941 16,506 15,765 3,313 2,545
General Services 217 495 27,449 26,702 8,879 7,505
Repairs and Maintenance 80 226 40,436 29,844 1,031 866
Taxes, Insurance Premiums and Other Fees 927 1,302 27,492 13,214 4,613 5,170
Labor and Wages - - - - - -
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 734 2,350 37,493 29,619 6,935 5,823
582
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
583
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 312,245 322 3,558,124 3,789,183 487 543
Traveling Expenses - 16 38,943 41,935 - -
Training and Scholarship Expenses 2 - 74,205 45,225 - -
Supplies and Materials Expenses 51 67 98,862 82,910 31 49
Utility Expenses - - 193,400 178,800 129 92
Communication Expenses 12 12 40,355 30,072 52 41
Awards/Rewards, Prizes and Indemnities - - 640 120 - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - 266,235 328,479 - -
Generation, Transmission and
Distribution Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - 2,000 2,015 84 109
Professional Services - - 372,403 347,619 9 49
General Services - - 427,937 405,499 158 158
Repairs and Maintenance 1 20 1,919,543 2,151,521 25 45
Taxes, Insurance Premiums and Other Fees 7 15 56,726 118,042 - -
Labor and Wages - - - - - -
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 312,172 192 66,873 56,944 - -
Direct Costs - - - - - -
584
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
585
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 28,264,963 27,419,428 89,143,587 89,387,700 1,581,993 2,371,108
Service Income 406,109 491,799 3,089,840 3,239,804 40,602 -
Business Income 27,858,854 26,927,629 86,053,747 86,147,896 1,541,391 2,371,108
Maintenance and Other Operating Expenses 10,578,817 9,566,518 59,073,680 57,543,026 178,991 134,159
Traveling Expenses 165,690 147,575 180,015 144,960 1,881 425
Training and Scholarship Expenses 179,194 157,116 59,770 46,019 7,696 1,646
Supplies and Materials Expenses 1,292,994 1,107,459 23,395,633 20,037,208 10,981 8,174
Utility Expenses 2,969,849 2,694,817 129,832 125,246 4,068 544
Communication Expenses 103,622 94,668 61,269 58,118 3,319 1,909
Awards/Rewards, Prizes and Indemnities 40,684 12,063 56,053 52,570 - -
Survey, Research, Exploration and
Development Expenses 5,940 7,359 - 606 - 445
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses 2,744 1,948 - - - -
Generation, Transmission and
Distribution Expenses 2,479,026 2,121,768 21,724,183 20,344,863 - -
Confidential, Intelligence and
Extraordinary Expenses 102,448 100,651 9,012 8,501 167 75
Professional Services 93,542 89,786 377,674 352,092 35,421 27,402
General Services 434,517 421,750 616,617 585,388 4,468 4,307
Repairs and Maintenance 1,112,848 1,086,463 696,084 526,838 14,619 4,872
Taxes, Insurance Premiums and Other Fees 541,817 521,259 759,623 3,377,462 87,852 72,487
Labor and Wages 235,742 207,601 366,957 346,611 - -
Members' Benefits 459 535 - 1,689 - -
Other Maintenance and Operating Expenses 817,701 793,701 10,640,959 11,534,858 8,520 11,873
586
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
587
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 506,043 662,933 2,471,636 2,838,026 675,412 631,402
Service Income 82,841 147,396 - - 54,307 31,445
Business Income 423,202 515,538 2,471,636 2,838,026 621,105 599,957
Maintenance and Other Operating Expenses 100,179 86,250 112,876 101,104 141,389 113,651
Traveling Expenses 6,015 4,829 563 586 15,414 16,478
Training and Scholarship Expenses 9,340 7,912 6,210 2,767 15,477 12,538
Supplies and Materials Expenses 2,943 2,712 5,323 4,605 7,079 7,120
Utility Expenses 11,907 11,109 5,349 3,960 9,997 9,446
Communication Expenses 3,939 3,857 2,350 2,356 6,308 6,177
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Generation, Transmission and
Distribution Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 1,033 763 1,157 845 3,089 3,112
Professional Services 34,505 26,630 19,738 11,881 22,165 13,922
General Services 16,335 15,297 30,710 31,292 30,586 31,187
Repairs and Maintenance 5,887 4,974 1,193 1,192 23,410 5,315
Taxes, Insurance Premiums and Other Fees 3,876 4,350 28,321 31,158 3,717 5,928
Labor and Wages - - - - - -
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 4,399 3,818 11,961 10,463 4,146 2,428
Direct Costs - - - - - -
588
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
589
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 3,034,696 3,234,896 399,778 452,662 3,523,873 3,515,330
Service Income 16,397 25,658 - - 2,894,605 3,035,305
Business Income 3,018,299 3,209,238 399,778 452,662 629,268 480,024
Maintenance and Other Operating Expenses 2,101,238 2,232,453 771,007 699,932 1,489,534 1,455,254
Traveling Expenses 64,544 54,876 784 1,094 59,630 44,688
Training and Scholarship Expenses 6,606 9,722 928 680 8,274 4,034
Supplies and Materials Expenses 29,230 35,552 66,458 68,054 312,949 221,684
Utility Expenses 24,200 26,494 13,275 13,363 49,966 48,174
Communication Expenses 12,425 11,279 1,221 1,646 18,931 21,149
Awards/Rewards, Prizes and Indemnities 55,733 51,981 113 446 208 143
Survey, Research, Exploration and
Development Expenses - - - 162 - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Generation, Transmission and
Distribution Expenses 295,817 294,258 - - - -
Confidential, Intelligence and
Extraordinary Expenses 772 709 - - 1,663 2,042
Professional Services 22,671 28,456 10,019 76,386 36,000 39,702
General Services 302,389 268,354 90,257 94,717 111,182 112,044
Repairs and Maintenance 189,060 237,398 427,335 248,275 23,771 13,993
Taxes, Insurance Premiums and Other Fees 107,916 64,964 1,762 22,030 13,700 11,218
Labor and Wages - - 151,255 160,460 215,702 186,151
Members' Benefits - - - 1,689 - -
Other Maintenance and Operating Expenses 989,873 1,148,409 7,599 10,931 637,559 750,231
590
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
591
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated)
Direct Costs - - - -
592
Cluster 3 - Public Utilities
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated)
593
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 41,689,405 39,532,127 40,749,032 38,452,296 1,237,428 945,770
Service Income 2,993,577 3,744,059 2,734,320 3,384,541 65,361 39,496
Business Income 38,695,828 35,788,068 38,014,712 35,067,755 1,172,067 906,274
Maintenance and Other Operating Expenses 13,815,859 23,546,874 13,099,764 22,832,428 846,728 712,500
Traveling Expenses 182,093 156,852 139,348 112,784 3,489 2,479
Training and Scholarship Expenses 134,968 126,202 77,394 57,281 2,008 905
Supplies and Materials Expenses 452,303 416,000 386,626 354,675 6,026 4,625
Utility Expenses 2,976,454 2,987,413 2,937,029 2,944,770 760,305 637,731
Communication Expenses 135,403 125,056 125,008 113,460 2,242 2,011
Awards/Rewards, Prizes and Indemnities 11,963 3,280 11,963 3,265 44 40
Survey, Research, Exploration and
Development Expenses 40,693 64,519 40,693 64,519 - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses 6,825 - - - - -
Confidential, Intelligence and
Extraordinary Expenses 50,272 42,863 49,455 41,851 401 374
Professional Services 1,326,981 1,133,562 1,181,632 984,228 9,398 7,985
General Services 1,808,328 1,666,646 1,734,160 1,587,150 35,331 33,479
Repairs and Maintenance 1,129,635 1,028,268 1,113,167 1,007,202 6,651 7,814
Taxes, Insurance Premiums and Other Fees 403,736 563,505 317,383 474,178 5,751 4,256
Members' Benefits 220 76 220 76 - -
Other Maintenance and Operating Expenses 5,155,985 15,232,631 4,985,687 15,086,991 15,082 10,802
594
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
595
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 3,647,883 3,005,726 3,865 5,732 2,027,757 1,683,370
Service Income - - 3,865 4,397 202,573 187,273
Business Income 3,647,883 3,005,726 - 1,336 1,825,184 1,496,098
Maintenance and Other Operating Expenses 488,880 545,158 1,051 2,058 327,370 297,928
Traveling Expenses 9,020 4,832 - 77 908 815
Training and Scholarship Expenses 1,986 5,867 - 165 3,854 3,945
Supplies and Materials Expenses 8,308 5,217 22 293 14,631 12,679
Utility Expenses 11,144 8,644 - 281 40,178 43,074
Communication Expenses 8,527 4,860 - 98 7,228 5,409
Awards/Rewards, Prizes and Indemnities 10,731 - - - 1,188 3,000
Survey, Research, Exploration and
Development Expenses 40,599 64,459 - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - - 22 753 1,691
Professional Services 44,798 44,616 296 - 20,434 14,595
General Services 125,349 70,854 - 855 124,421 117,976
Repairs and Maintenance 8,865 20,465 - 67 45,385 38,763
Taxes, Insurance Premiums and Other Fees 17,055 15,661 733 200 6,547 7,171
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 202,499 299,683 - - 61,844 48,813
Direct Costs - - - - - -
596
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
597
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 788,505 661,736 84,703 76,450 45,336 52,146
Service Income 40,811 32,205 7,760 5,989 - -
Business Income 747,694 629,531 76,943 70,461 45,336 52,146
Maintenance and Other Operating Expenses 228,823 179,211 31,319 27,612 18,340 36,209
Traveling Expenses 698 826 2,480 2,304 14 64
Training and Scholarship Expenses 2,553 1,831 1,581 1,361 134 273
Supplies and Materials Expenses 9,502 8,394 2,876 3,001 1,361 1,347
Utility Expenses 63,329 49,566 115 156 658 615
Communication Expenses 2,226 2,430 871 879 439 504
Awards/Rewards, Prizes and Indemnities - 200 - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - - 99 - -
Professional Services 91,982 76,544 5,363 5,533 157 141
General Services - - 2,381 2,184 3,505 3,976
Repairs and Maintenance 40,622 25,732 1,091 913 648 983
Taxes, Insurance Premiums and Other Fees 5,340 6,476 321 480 1,016 1,032
Members' Benefits - - - - 220 76
Other Maintenance and Operating Expenses 12,571 7,212 14,240 10,702 10,186 27,199
Direct Costs - - - - - -
598
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
599
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 63,723 61,933 9,002,727 7,845,644 233,063 987,270
Service Income - - 175,766 130,607 217,546 960,374
Business Income 63,723 61,933 8,826,962 7,715,037 15,517 26,896
Maintenance and Other Operating Expenses 25,121 25,395 1,911,014 1,746,978 82,705 88,652
Traveling Expenses 3,596 2,676 73,612 63,142 5,743 4,782
Training and Scholarship Expenses 1,521 1,389 47,279 33,167 780 1,106
Supplies and Materials Expenses 3,009 2,408 156,540 141,996 6,237 6,069
Utility Expenses 890 1,245 383,466 318,748 1,781 1,977
Communication Expenses 1,371 1,243 67,016 60,182 3,864 3,491
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 469 409 11,021 124 537 533
Professional Services 1,299 1,472 219,361 278,845 19,910 18,239
General Services 748 672 524,524 503,580 20,074 20,654
Repairs and Maintenance 294 874 230,798 183,891 1,106 3,215
Taxes, Insurance Premiums and Other Fees 1,490 1,877 67,917 55,584 1,198 978
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 10,435 11,131 129,481 107,720 21,475 27,608
Direct Costs - - - - - -
600
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
601
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 407 409 1,254,561 1,211,496 13,566,929 12,444,414
Service Income - - 22,538 76,301 241,045 236,940
Business Income 407 409 1,232,023 1,135,196 13,325,884 12,207,475
Direct Costs - - - - - -
602
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
603
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 7,852 21,680 463,383 1,293,978 16,865 17,046
Service Income 546 2,472 - - - -
Business Income 7,306 19,207 463,383 1,293,978 16,865 17,046
Maintenance and Other Operating Expenses 1,652 3,837 68,410 69,591 3,849 3,612
Traveling Expenses 61 210 828 795 168 82
Training and Scholarship Expenses - - 1,069 1,079 8 -
Supplies and Materials Expenses 526 1,331 1,299 1,322 42 26
Utility Expenses 344 829 2,903 2,356 13 14
Communication Expenses 7 21 1,213 1,340 26 24
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - 95 60
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - 3,122 3,034 - -
Professional Services 56 179 10,196 8,573 220 305
General Services - 68 21,684 21,282 2,390 1,896
Repairs and Maintenance 262 359 2,062 4,149 1 -
Taxes, Insurance Premiums and Other Fees 141 381 21,746 22,945 567 911
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 254 459 2,285 2,716 319 294
604
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
605
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Gains - - - - - -
Maintenance and Other Operating Expenses 3,005 2,951 12,810 12,738 381 337
Traveling Expenses 2 19 4 3 - -
Training and Scholarship Expenses - - - - - -
Supplies and Materials Expenses 10 15 6 3 - -
Utility Expenses 9 11 36 36 - -
Communication Expenses 4 5 0 - - -
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses 3 3 - - - -
Professional Services 27 3 106 74 59 -
General Services - - 2,437 2,412 310 285
Repairs and Maintenance - - - - - -
Taxes, Insurance Premiums and Other Fees 2,843 2,842 10,157 10,145 11 52
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 108 53 64 65 - -
Financial Expenses - - 19 18 0 0
Direct Costs - - - - - -
606
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
607
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 11,671 11,236 1,151 1,173 717 705
Service Income - - - - - -
Business Income 11,671 11,236 1,151 1,173 717 705
Gains 27,140 - - - - -
Maintenance and Other Operating Expenses 1,776 2,260 2,333 6,239 217 195
Traveling Expenses 57 62 - - 0 -
Training and Scholarship Expenses - - - - - -
Supplies and Materials Expenses 15 9 4 6 2 11
Utility Expenses 12 11 51 57 10 11
Communication Expenses - - 30 27 - -
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - 17 13 - -
Professional Services 125 168 1,018 904 27 1
General Services 768 1,113 874 1,982 - -
Repairs and Maintenance - - - - - -
Taxes, Insurance Premiums and Other Fees 676 721 231 3,084 143 141
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 123 176 108 165 33 31
Financial Expenses 24 24 0 1 - -
Direct Costs - - - - - -
608
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
609
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 1,831 1,833 3,384,103 3,519,555 700,538 712,954
Service Income - - 1,253,816 1,239,043 98,857 57,129
Business Income 1,831 1,833 2,130,288 2,280,513 601,681 655,825
Maintenance and Other Operating Expenses 217 169 978,023 1,162,875 62,213 80,230
Traveling Expenses 1 1 8,187 7,159 4,344 3,911
Training and Scholarship Expenses - - 3,555 1,155 406 475
Supplies and Materials Expenses 4 4 20,446 20,926 3,480 2,926
Utility Expenses 3 3 643,728 840,368 6,702 6,253
Communication Expenses - - 9,585 10,170 1,390 1,001
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - 0 - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - 309 358 0 17
Professional Services 101 61 17,836 15,024 552 578
General Services - - 201,283 184,456 30,177 21,918
Repairs and Maintenance - - 17,516 24,475 3,298 4,504
Taxes, Insurance Premiums and Other Fees 28 29 4,639 10,570 895 984
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 81 72 50,939 48,216 10,969 37,665
Direct Costs - - - - - -
610
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
611
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
612
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
613
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Direct Costs - - - - - -
614
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
615
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 3,216,547 3,005,753 43,136 24,431 940,373 1,079,831
Service Income 354,136 288,350 5,398 3,218 259,257 359,518
Business Income 2,862,411 2,717,402 37,737 21,214 681,116 720,313
Maintenance and Other Operating Expenses 534,690 486,205 35,395 33,120 716,096 714,445
Traveling Expenses - - 5,614 4,911 42,745 44,069
Training and Scholarship Expenses - - 170 156 57,574 68,921
Supplies and Materials Expenses 45,454 33,604 3,495 3,639 65,677 61,325
Utility Expenses 82,895 86,682 4,347 2,873 39,425 42,644
Communication Expenses - - 858 905 10,395 11,596
Awards/Rewards, Prizes and Indemnities - - - 25 - 15
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - 6,825 -
Confidential, Intelligence and
Extraordinary Expenses - - 247 1,223 817 1,012
Professional Services - - 10,899 10,787 145,350 149,334
General Services - - 3,603 3,416 74,168 79,496
Repairs and Maintenance - - 1,989 1,723 16,467 21,066
Taxes, Insurance Premiums and Other Fees - - 244 364 86,353 89,327
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 406,341 365,919 3,929 3,097 170,298 145,640
616
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
617
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Tax Revenue - - - - - -
Service and Business Income 11,389 2,653 298,518 305,230 105,449 99,052
Service Income 5,693 2,260 251,569 257,487 - -
Business Income 5,696 392 46,949 47,743 105,449 99,052
Gains - - - - - -
Maintenance and Other Operating Expenses 26,403 31,037 101,422 97,329 36,145 31,878
Traveling Expenses 1,262 1,689 672 632 1,560 1,602
Training and Scholarship Expenses 378 714 353 8,527 428 402
Supplies and Materials Expenses 3,213 1,924 13,869 11,399 7,605 6,290
Utility Expenses 463 236 3,546 3,247 8,526 9,439
Communication Expenses 663 644 866 1,426 477 458
Awards/Rewards, Prizes and Indemnities - - - - - -
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - 6,825 - - -
Confidential, Intelligence and
Extraordinary Expenses 246 290 174 211 116 109
Professional Services 1,374 7,139 7,159 7,963 402 421
General Services 9,086 9,297 14,044 13,914 8,449 7,929
Repairs and Maintenance 2,397 1,465 1,872 2,271 2,540 2,198
Taxes, Insurance Premiums and Other Fees 684 247 38,086 35,245 5,074 2,123
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 6,637 7,394 13,954 12,494 969 907
Direct Costs - - - - - -
618
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
619
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Maintenance and Other Operating Expenses 1,419 1,536 15,168 18,170 520,914 521,395
Traveling Expenses 270 541 2,935 2,780 35,724 36,581
Training and Scholarship Expenses 170 49 212 192 56,013 59,032
Supplies and Materials Expenses 163 219 1,204 1,573 36,593 36,934
Utility Expenses 5 8 726 1,192 26,100 28,451
Communication Expenses 169 193 783 973 7,380 7,836
Awards/Rewards, Prizes and Indemnities - - - - - 15
Survey, Research, Exploration and
Development Expenses - - - - - -
Demolition/Relocation and Desilting/
Drilling/Dredging Expenses - - - - - -
Confidential, Intelligence and
Extraordinary Expenses - - 35 232 245 171
Professional Services 2 10 376 25 135,843 133,669
General Services 28 42 4,482 4,892 30,701 36,402
Repairs and Maintenance 157 65 460 288 6,963 13,078
Taxes, Insurance Premiums and Other Fees 11 11 103 509 41,407 50,570
Members' Benefits - - - - - -
Other Maintenance and Operating Expenses 443 398 3,853 5,515 143,946 118,655
620
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
621
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
Tax Revenue - -
Gains 0 2
Financial Expenses - -
Direct Costs - -
622
Cluster 4 - Industrial and Area Development
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
Net Assistance/Subsidy - -
Assistance and Subsidy - -
Financial Assistance/Subsidy/Contribution - -
623
Cluster 5 - Agricultural and Natural Resources
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 21,063,876 34,071,313 1,727,862 1,382,015 318,098 289,294
Service Income 1,573,079 3,222,282 32,695 30,428 14,814 16,284
Business Income 19,490,797 30,849,031 1,695,168 1,351,587 303,284 273,010
Shares, Grants and Donations 18,451 44,926 - - - -
Grants and Donations 18,451 44,926 - - - -
Gains 2,687,204 1,453,098 2,578,357 2,259 2,578,115 123
624
Cluster 5 - Agricultural and Natural Resources
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 51,052 48,348 20,625 13,402 51,213 51,688
Service Income - - 3,365 2,245 - -
Business Income 51,052 48,348 17,261 11,157 51,213 51,688
Shares, Grants and Donations - - - - - -
Grants and Donations - - - - - -
Gains - - - - 1 1,453
Direct Costs - - - - - -
Net Assistance/Subsidy - - - - - -
Assistance and Subsidy - - - - - -
Financial Assistance/Subsidy/Contribution - - - - - -
625
Cluster 5 - Agricultural and Natural Resources
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 504,663 229,841 742,287 727,696 39,924 21,745
Service Income 189 287 14,327 11,613 - -
Business Income 504,474 229,555 727,960 716,084 39,924 21,745
Shares, Grants and Donations - - - - - -
Grants and Donations - - - - - -
Gains - 58 241 624 - -
626
Cluster 5 - Agricultural and Natural Resources
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 19,336,013 32,689,298 14,472 41,871 17,809,516 29,238,468
Service Income 1,540,384 3,191,854 621 278 308,656 215,361
Business Income 17,795,629 29,497,444 13,850 41,593 17,500,860 29,023,107
Shares, Grants and Donations 18,451 44,926 - - 375 34
Grants and Donations 18,451 44,926 - - 375 34
Gains 108,847 1,450,839 1,375 - 92,127 1,435,218
627
Cluster 5 - Agricultural and Natural Resources
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 458,141 2,045,908 149,284 134,198 275,185 410,631
Service Income 323,372 1,803,733 117,819 97,308 240,464 369,510
Business Income 134,769 242,175 31,465 36,890 34,721 41,121
Shares, Grants and Donations 86 - - - - -
Grants and Donations 86 - - - - -
Gains 10,690 7,349 3,127 2,665 25 0
628
Cluster 5 - Agricultural and Natural Resources
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 21,123 46,136 43,985 77,922 564,308 694,164
Service Income - - 28,918 61,577 520,534 644,087
Business Income 21,123 46,136 15,067 16,344 43,774 50,077
Shares, Grants and Donations 17,990 44,892 - - - -
Grants and Donations 17,990 44,892 - - - -
Gains 930 4,851 - - 572 757
Direct Costs - - - - - -
629
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 151,987,717 139,646,960 143,651,035 132,181,738 10,999,389 10,586,335
Service Income 2,922,133 1,852,579 2,445,864 1,365,251 50 49
Business Income 149,065,584 137,794,382 141,205,171 130,816,487 10,999,339 10,586,286
Shares, Grants and Donations 282,185 42,326 - 1,130 - -
Grants and Donations 282,185 42,326 - 1,130 - -
Gains 352,856 234,173 348,041 208,058 11,090 7,935
630
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 92,050 95,218 59,892,849 55,065,782 8,635,797 5,926,831
Service Income - - 1,285,940 993,340 791,943 49,969
Business Income 92,050 95,218 58,606,909 54,072,442 7,843,854 5,876,861
Shares, Grants and Donations - - - - - -
Grants and Donations - - - - - -
Gains 84 - 250,303 88,245 - -
631
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 62,925,577 59,497,904 246,441 171,287 67,299 154,419
Service Income 27,880 37,212 77,739 51,709 4,331 -
Business Income 62,897,697 59,460,691 168,702 119,578 62,968 154,419
Shares, Grants and Donations - 1,130 - - - -
Grants and Donations - 1,130 - - - -
Gains 51,412 396 4,043 12,603 - -
632
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 791,633 683,963 8,336,682 7,465,222 402,212 245,749
Service Income 257,980 232,972 476,269 487,327 69,798 69,652
Business Income 533,653 450,992 7,860,413 6,977,894 332,415 176,097
Shares, Grants and Donations - - 282,185 41,196 5 23
Grants and Donations - - 282,185 41,196 5 23
Gains 31,108 98,879 4,815 26,115 - 16
633
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 199,083 184,984 66,424 46,392 387,545 426,140
Service Income 1,967 1,026 61,808 44,099 277,728 326,112
Business Income 197,116 183,958 4,616 2,293 109,816 100,028
Shares, Grants and Donations 488 687 - - - -
Grants and Donations 488 687 - - - -
Gains 331 1,348 523 1,642 30 466
634
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 561,308 525,832 2,888,209 2,432,479 8,493 9,268
Service Income - - 6,682 18,549 - -
Business Income 561,308 525,832 2,881,526 2,413,929 8,493 9,268
Shares, Grants and Donations 211,211 - - - - -
Grants and Donations 211,211 - - - - -
Gains - - 1,237 14,081 - -
635
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 509,589 468,678 2,752,217 2,610,934 28,740 20,627
Service Income - - - - 8,772 -
Business Income 509,589 468,678 2,752,217 2,610,934 19,968 20,627
Shares, Grants and Donations 70,481 40,296 - - - 190
Grants and Donations 70,481 40,296 - - - 190
Gains 18 133 458 3,274 328 995
636
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
Service and Business Income 22,885 53,892 219,372 163,731 54,256 32,451
Service Income 1,676 2,307 - - 47,838 25,582
Business Income 21,209 51,585 219,372 163,731 6,418 6,870
Shares, Grants and Donations - - - - - -
Grants and Donations - - - - - -
Gains - 24 - - 1,891 4,136
637
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Comprehensive Income
For the year ended December 31, 2017
(in thousand pesos)
VFP
2017 2016
Direct Costs - -
638
STATEMENT OF
CHANGES IN NET
ASSETS/EQUITY
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance (413,300,661) (414,365,082) - - - -
Changes in Equity for the Year 309,967 1,064,421 - - - -
Add/(Deduct):
Surplus/(Deficit) for the period (19,206) 887,476 - - - -
Other Adjustments 329,173 176,945 - - - -
Ending Balance (412,990,694) (413,300,661) - - - -
GOVERNMENT EQUITY
Beginning balance 3,000,000 3,000,000 3,000,000 3,000,000 - -
Ending Balance 3,000,000 3,000,000 3,000,000 3,000,000 - -
REVALUATION SURPLUS
Beginning balance 61,200 61,200 61,200 61,200 - -
Ending Balance 61,200 61,200 61,200 61,200 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 243,409,615 198,245,568 243,409,615 198,245,568 10,506,619 (6,650,166)
Adjustments: - (235,745) - (235,745) - (34,994)
Add/(Deduct):
Changes in Accounting Policy - (57,434) - (57,434) - (57,434)
Prior Period Errors - (219,506) - (219,506) - (18,756)
Other Adjustments - 41,195 - 41,195 - 41,195
Restated Balance 243,409,615 198,009,823 243,409,615 198,009,823 10,506,619 (6,685,160)
Changes in Equity for the Year 57,424,298 45,399,792 57,424,298 45,399,792 21,505,992 17,191,779
Add/(Deduct):
Net Income/Loss for the Year 50,338,691 41,601,274 50,338,691 41,601,274 23,505,835 17,506,153
Dividends (12,141,639) (11,789,649) (12,141,639) (11,789,649) (1,842,496) -
Other Adjustments 19,227,246 15,588,168 19,227,246 15,588,168 (157,347) (314,374)
Ending Balance 300,833,913 243,409,615 300,833,913 243,409,615 32,012,612 10,506,619
SHARE CAPITAL
Beginning balance 88,653,974 77,804,974 88,537,307 77,688,307 50,000,000 50,000,000
Adjustments: - 20,000 - 20,000 - -
Add/(Deduct):
Other Adjustments - 20,000 - 20,000 - -
Restated Balance 88,653,974 77,824,974 88,537,307 77,708,307 50,000,000 50,000,000
SHARE PREMIUM
Beginning balance 1,025,470 1,025,470 1,025,470 1,025,470 - -
Ending Balance 1,025,470 1,025,470 1,025,470 1,025,470 - -
TREASURY SHARES
Beginning balance (0) (0) (0) (0) - -
639
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
640
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Surplus/(Deficit) for the period - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 33,744,346 31,373,927 (707,503) (655,007) (90,404) (138,243)
Adjustments: - - - (751) - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - (751) - -
Other Adjustments - - - - - -
Restated Balance 33,744,346 31,373,927 (707,503) (655,758) (90,404) (138,243)
Changes in Equity for the Year 2,734,125 2,370,419 (59,096) (51,745) 62,800 47,839
Add/(Deduct):
Net Income/Loss for the Year 5,489,304 4,436,471 (59,096) (51,546) 64,733 67,979
Dividends (2,516,158) (2,341,125) - - (1,933) (20,140)
Other Adjustments (239,021) 275,073 - (199) - -
Ending Balance 36,478,471 33,744,346 (766,599) (707,503) (27,604) (90,404)
SHARE CAPITAL
Beginning balance 17,500,000 12,500,000 200,002 200,002 1,132,000 1,132,000
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 17,500,000 12,500,000 200,002 200,002 1,132,000 1,132,000
SHARE PREMIUM
Beginning balance - - 805,238 805,238 - -
Ending Balance - - 805,238 805,238 - -
TREASURY SHARES
Beginning balance - - - - - -
641
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
642
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Surplus/(Deficit) for the period - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 25,399 22,715 31,311 21,948 71,748,218 63,219,738
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 25,399 22,715 31,311 21,948 71,748,218 63,219,738
Changes in Equity for the Year 1,163 2,684 (7,964) 9,363 15,781,669 8,528,480
Add/(Deduct):
Net Income/Loss for the Year 1,046 2,684 1,217 12,363 15,505,365 14,105,452
Dividends - - (6,182) (3,000) - (6,600,000)
Other Adjustments 117 - (3,000) - 276,304 1,023,029
Ending Balance 26,562 25,399 23,347 31,311 87,529,887 71,748,218
SHARE CAPITAL
Beginning balance 45,000 45,000 20,280 20,280 17,800,000 11,971,000
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 45,000 45,000 20,280 20,280 17,800,000 11,971,000
SHARE PREMIUM
Beginning balance - - - - 101,098 101,098
Ending Balance - - - - 101,098 101,098
TREASURY SHARES
Beginning balance - - - - - -
643
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
644
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Surplus/(Deficit) for the period - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance 61,200 61,200 - - - -
Ending Balance 61,200 61,200 - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 331,465 299,550 650,119 610,248 819,305 802,674
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 331,465 299,550 650,119 610,248 819,305 802,674
Changes in Equity for the Year 39,369 31,915 40,281 39,871 64,940 16,631
Add/(Deduct):
Net Income/Loss for the Year 69,870 61,003 77,018 71,804 113,692 91,306
Dividends (30,501) (29,436) (37,759) (41,408) (48,752) (80,500)
Other Adjustments 0 348 1,022 9,474 - 5,825
Ending Balance 370,834 331,465 690,400 650,119 884,245 819,305
SHARE CAPITAL
Beginning balance 133,212 133,212 300,000 300,000 485,553 485,553
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 133,212 133,212 300,000 300,000 485,553 485,553
SHARE PREMIUM
Beginning balance 5,163 5,163 - - 113,971 113,971
Ending Balance 5,163 5,163 - - 113,971 113,971
TREASURY SHARES
Beginning balance - - - - (0) (0)
645
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
646
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Surplus/(Deficit) for the period - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - 3,000,000 3,000,000
Ending Balance - - - - 3,000,000 3,000,000
REVALUATION SURPLUS
Beginning balance - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 45,594 31,878 (632,596) (607,666) 126,755,097 109,704,453
Adjustments: - - - - - (200,000)
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - (200,000)
Other Adjustments - - - - - -
Restated Balance 45,594 31,878 (632,596) (607,666) 126,755,097 109,504,453
Changes in Equity for the Year 13,899 13,716 (41,198) (24,930) 17,395,089 17,250,644
Add/(Deduct):
Net Income/Loss for the Year 30,740 27,119 (42,860) (25,090) 5,688,598 5,322,450
Dividends (13,560) (12,816) - - (7,644,299) (2,661,225)
Other Adjustments (3,281) (587) 1,663 159 19,350,790 14,589,419
Ending Balance 59,494 45,594 (673,794) (632,596) 144,150,186 126,755,097
SHARE CAPITAL
Beginning balance 100,000 100,000 1,017 1,017 - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 100,000 100,000 1,017 1,017 - -
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
647
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
648
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - (413,300,661) (414,365,082) (413,446,007) (414,472,440)
Changes in Equity for the Year - - 309,967 1,064,421 326,737 1,026,434
Add/(Deduct):
Surplus/(Deficit) for the period - - (19,206) 887,476 (2,563) 848,108
Other Adjustments - - 329,173 176,945 329,300 178,326
Ending Balance - - (412,990,694) (413,300,661) (413,119,270) (413,446,007)
GOVERNMENT EQUITY
Beginning balance - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 182,645 209,520 - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 182,645 209,520 - - - -
SHARE CAPITAL
Beginning balance 820,243 800,243 116,667 116,667 - -
Adjustments: - 20,000 - - - -
Add/(Deduct):
Other Adjustments - 20,000 - - - -
Restated Balance 820,243 820,243 116,667 116,667 - -
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
649
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
650
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
CIC LCDFI
2017 2016 2017 2016
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 41,680 4,402 103,665 102,957
Changes in Equity for the Year (16,168) 37,279 (602) 709
Add/(Deduct):
Surplus/(Deficit) for the period (16,168) 37,279 (475) 2,090
Other Adjustments - - (127) (1,381)
Ending Balance 25,513 41,680 103,063 103,665
GOVERNMENT EQUITY
Beginning balance - - - -
Ending Balance - - - -
REVALUATION SURPLUS
Beginning balance - - - -
Ending Balance - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - -
Adjustments: - - - -
Add/(Deduct):
Changes in Accounting Policy - - - -
Prior Period Errors - - - -
Other Adjustments - - - -
Restated Balance - - - -
SHARE CAPITAL
Beginning balance 116,667 116,667 - -
Adjustments: - - - -
Add/(Deduct):
Other Adjustments - - - -
Restated Balance 116,667 116,667 - -
SHARE PREMIUM
Beginning balance - - - -
Ending Balance - - - -
TREASURY SHARES
Beginning balance - - - -
651
Cluster 1 - Banking and Credit
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
CIC LCDFI
2017 2016 2017 2016
652
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 88,668,862 78,005,001 - - - -
Adjustments: - 4,577 - - - -
Add/(Deduct):
Prior Period Errors - 4,577 - - - -
Restated Balance 88,668,862 78,009,578 - - - -
GOVERNMENT EQUITY
Beginning balance 3,019,542 3,019,564 126,135 126,157 - -
Changes in Equity for the Year - (22) - (22) - -
Add/(Deduct):
Other Adjustments - (22) - (22) - -
Ending Balance 3,019,542 3,019,542 126,135 126,135 - -
CONTRIBUTED CAPITAL
Beginning balance 14,192,844 13,719,576 4,470,510 4,470,510 200,000 200,000
Changes in Equity for the Year 1,244,914 473,268 1,226,700 - - -
Add/(Deduct):
Additional Capital from National
Government 1,226,700 373,880 1,226,700 - - -
Other Adjustments 18,214 99,389 - - - -
Ending Balance 15,437,758 14,192,844 5,697,210 4,470,510 200,000 200,000
REVALUATION SURPLUS
Beginning balance 13,463,393 13,233,414 13,463,393 13,233,414 - -
Changes in Equity for the Year (722,233) 229,979 (722,233) 229,979 - -
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - 229,979 - 229,979 -
Other Adjustments (722,233) - (722,233) - - -
Ending Balance 12,741,161 13,463,393 12,741,161 13,463,393 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 1,533,213,436 1,412,423,826 1,533,213,436 1,412,423,826 987,484 997,232
Adjustments: - 18,964,013 - 18,964,013 - (350,677)
Add/(Deduct):
Changes in Accounting Policy - (55,476) - (55,476) - -
Prior Period Errors - (1,327,558) - (1,327,558) - 16,623
Other Adjustments - 20,347,046 - 20,347,046 - (367,300)
Restated Balance 1,533,213,436 1,431,387,838 1,533,213,436 1,431,387,838 987,484 646,554
Changes in Equity for the Year 126,124,713 101,825,598 126,124,713 101,825,598 406,995 340,929
Add/(Deduct):
Net Income/Loss for the Year 149,481,908 116,613,860 149,481,908 116,613,860 406,995 218,449
Dividends (22,986,683) (14,629,907) (22,986,683) (14,629,907) - -
Other Adjustments (370,511) (158,355) (370,511) (158,355) - 122,480
Ending Balance 1,659,338,149 1,533,213,436 1,659,338,149 1,533,213,436 1,394,479 987,484
653
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 3,444,071 (4,799,946) 3,444,071 (4,799,946) 2,326 552
Add/(Deduct):
Changes in fair value of available-for-sale
securities 3,444,071 (4,799,946) 3,444,071 (4,799,946) 2,326 552
Other Adjustments 0 - 0 - - -
Ending Balance (13,552,500) (16,996,571) (13,552,500) (16,996,571) 13,058 10,732
MEMBERS' EQUITY
Beginning balance 318,372,760 301,421,320 318,372,760 301,421,320 - 10,747,205
Adjustments: - (10,747,205) - (10,747,205) - (10,747,205)
Add/(Deduct):
Prior Period Errors - (10,747,205) - (10,747,205) - (10,747,205)
Restated Balance 318,372,760 290,674,115 318,372,760 290,674,115 - -
654
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - 8,176,863 7,946,884 - -
Changes in Equity for the Year - - - 229,979 - -
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - - - - 229,979 -
Other Adjustments - - - - - -
Ending Balance - - 8,176,863 8,176,863 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 18,973 18,631 1,001,898,473 925,745,012 67,536,534 56,777,623
Adjustments: - (3,870) - 20,082,098 - -
Add/(Deduct):
Changes in Accounting Policy - - - (55,476) - -
Prior Period Errors - (3,870) - (1,560,462) - -
Other Adjustments - - - 21,698,036 - -
Restated Balance 18,973 14,761 1,001,898,473 945,827,110 67,536,534 56,777,623
Changes in Equity for the Year (2,492) 4,212 94,701,171 56,071,363 7,893,661 10,758,911
Add/(Deduct):
Net Income/Loss for the Year 6,508 5,870 94,705,786 56,104,363 30,268,113 25,008,745
Dividends (9,000) (2,000) (4,615) (33,000) (22,301,678) (14,250,781)
Other Adjustments - 341 - - (72,774) 947
Ending Balance 16,481 18,973 1,096,599,644 1,001,898,473 75,430,195 67,536,534
655
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
MEMBERS' EQUITY
Beginning balance - - - - 317,744,306 290,136,012
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - 317,744,306 290,136,012
656
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - 108,195 108,195 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - 108,195 108,195 - -
CONTRIBUTED CAPITAL
Beginning balance - - 4,270,510 4,270,510 - -
Changes in Equity for the Year - - 1,226,700 - - -
Add/(Deduct):
Additional Capital from National
Government - - 1,226,700 - - -
Other Adjustments - - - - - -
Ending Balance - - 5,497,210 4,270,510 - -
REVALUATION SURPLUS
Beginning balance 2,407,442 2,407,442 - - - -
Changes in Equity for the Year (722,233) - - - - -
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - - - - - -
Other Adjustments (722,233) - - - - -
Ending Balance 1,685,209 2,407,442 - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (8,547,075) (9,111,387) (4,586,214) (4,379,979) 4,153,017 2,210,919
Adjustments: - 129,265 - (949,551) - 43,892
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - 129,265 - 69,913 - 8,119
Other Adjustments - - - (1,019,464) - 35,773
Restated Balance (8,547,075) (8,982,123) (4,586,214) (5,329,529) 4,153,017 2,254,811
Changes in Equity for the Year 258,139 435,047 786,956 743,315 1,351,433 1,898,205
Add/(Deduct):
Net Income/Loss for the Year 535,635 690,940 1,084,007 743,315 1,432,226 2,037,798
Dividends (277,496) (255,893) (297,051) - (84,713) (68,662)
Other Adjustments - - - - 3,920 (70,931)
Ending Balance (8,288,937) (8,547,075) (3,799,258) (4,586,214) 5,504,450 4,153,017
657
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
MEMBERS' EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
658
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance 17,940 17,962 - - - -
Changes in Equity for the Year - (22) - - - -
Add/(Deduct):
Other Adjustments - (22) - - - -
Ending Balance 17,940 17,940 - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - 2,879,088 2,879,088
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - 2,879,088 2,879,088
RETAINED EARNINGS/(DEFICIT)
Beginning balance 13,521 8,261 196,830 172,745 476,562,643 444,755,464
Adjustments: - (8) - 821 - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - (8) - 821 - -
Other Adjustments - - - - - -
Restated Balance 13,521 8,253 196,830 173,566 476,562,643 444,755,464
Changes in Equity for the Year 3,426 5,268 825,230 23,264 20,033,325 31,807,179
Add/(Deduct):
Net Income/Loss for the Year 2,893 5,268 897,978 56,208 20,274,898 32,004,973
Dividends - - (12,130) (19,571) - -
Other Adjustments 533 - (60,618) (13,373) (241,573) (197,795)
Ending Balance 16,947 13,521 1,022,060 196,830 496,595,968 476,562,643
659
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
MEMBERS' EQUITY
Beginning balance - - - - 628,454 538,103
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - 628,454 538,103
660
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - 88,668,862 78,005,001 441,488 411,071
Adjustments: - - - 4,577 - 3,848
Add/(Deduct):
Prior Period Errors - - - 4,577 - 3,848
Restated Balance - - 88,668,862 78,009,578 441,488 414,919
GOVERNMENT EQUITY
Beginning balance - - 2,893,407 2,893,407 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - 2,893,407 2,893,407 - -
CONTRIBUTED CAPITAL
Beginning balance - - 9,722,334 9,249,066 - -
Changes in Equity for the Year - - 18,214 473,268 - -
Add/(Deduct):
Additional Capital from National
Government - - - 373,880 - -
Other Adjustments - - 18,214 99,389 - -
Ending Balance - - 9,740,548 9,722,334 - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (5,020,748) (4,770,695) - - - -
Adjustments: - 12,043 - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - 12,043 - - - -
Other Adjustments - - - - - -
Restated Balance (5,020,748) (4,758,653) - - - -
661
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
662
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated) (Restated)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 87,888,390 77,282,858 338,984 311,071
Adjustments: - - - 729
Add/(Deduct):
Prior Period Errors - - - 729
Restated Balance 87,888,390 77,282,858 338,984 311,800
GOVERNMENT EQUITY
Beginning balance 2,893,407 2,893,407 - -
Changes in Equity for the Year - - - -
Add/(Deduct):
Other Adjustments - - - -
Ending Balance 2,893,407 2,893,407 - -
CONTRIBUTED CAPITAL
Beginning balance 9,722,334 9,249,066 - -
Changes in Equity for the Year 18,214 473,268 - -
Add/(Deduct):
Additional Capital from National
Government - 373,880 - -
Other Adjustments 18,214 99,389 - -
Ending Balance 9,740,548 9,722,334 - -
REVALUATION SURPLUS
Beginning balance - - - -
Changes in Equity for the Year - - - -
Add/(Deduct):
Other Comprehensive Income/Loss for
the Year - - - -
Other Adjustments - - - -
Ending Balance - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - -
Adjustments: - - - -
Add/(Deduct):
Changes in Accounting Policy - - - -
Prior Period Errors - - - -
Other Adjustments - - - -
Restated Balance - - - -
STOCKHOLDERS' EQUITY - - - -
663
Cluster 2 - Social Security Services and Housing
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated) (Restated)
MEMBERS' EQUITY
Beginning balance - - - -
Adjustments: - - - -
Add/(Deduct):
Prior Period Errors - - - -
Restated Balance - - - -
664
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 196,926,875 269,346,768 - - - -
Adjustments: - 2,885,402 - - - -
Add/(Deduct):
Prior Period Errors - 3,300,816 - - - -
Other Adjustments - (415,414) - - - -
Restated Balance 196,926,875 272,232,170 - - - -
GOVERNMENT EQUITY
Beginning balance 25,550,352 24,197,146 15,395,816 15,296,011 - -
Adjustments: - 303,246 - 27,946 - -
Add/(Deduct):
Prior Period Errors - 13,982 - 13,982 - -
Other Adjustments - 289,264 - 13,964 - -
Restated Balance 25,550,352 24,500,393 15,395,816 15,323,957 - -
CONTRIBUTED CAPITAL
Beginning balance 9,225,558 9,272,588 5,050,531 5,097,561 - -
Adjustments: - (5,021) - (5,021) - -
Add/(Deduct):
Prior Period Errors - (288) - (288) - -
Other Adjustments - (4,732) - (4,732) - -
Restated Balance 9,225,558 9,267,568 5,050,531 5,092,540 - -
REVALUATION SURPLUS
Beginning balance 124,612,848 135,052,055 83,433,898 83,440,656 2,908 2,908
Adjustments: - (29,527) - - - -
Add/(Deduct):
Other Adjustments - (29,527) - - - -
Restated Balance 124,612,848 135,022,528 83,433,898 83,440,656 2,908 2,908
RETAINED EARNINGS/(DEFICIT)
Beginning balance 106,270,090 96,557,843 106,270,090 96,557,843 87,308 54,526
665
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 8,716,012 9,891,294 8,716,012 9,891,294 100,497 58,047
Add/(Deduct):
Issuances of Share Capital - 2,500 - 2,500 - -
Net Income/Loss for the Year 11,771,918 13,145,652 11,771,918 13,145,652 143,570 58,047
Dividends (2,999,578) (3,682,678) (2,999,578) (3,682,678) (29,604) -
Other Adjustments (56,328) 425,821 (56,328) 425,821 (13,469) -
Ending Balance 114,986,102 106,270,089 114,986,102 106,270,089 187,805 87,308
SHARE CAPITAL
Beginning balance 46,483,077 46,483,077 5,132,895 5,132,895 - -
Ending Balance 46,483,077 46,483,077 5,132,895 5,132,895 - -
SHARE PREMIUM
Beginning balance 24,773 24,773 24,773 24,773 - -
Ending Balance 24,773 24,773 24,773 24,773 - -
TREASURY SHARES
Beginning balance (735) (735) (735) (735) - -
Ending Balance (735) (735) (735) (735) - -
666
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance 4,159,926 4,159,926 - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 4,159,926 4,159,926 - - - -
CONTRIBUTED CAPITAL
Beginning balance - - 3,114,596 3,114,596 - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - 3,114,596 3,114,596 - -
667
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 1,849,529 1,571,289 24,637,738 24,175,293 164,671 130,542
Changes in Equity for the Year 333,403 278,240 178,106 462,445 50,387 34,130
Add/(Deduct):
Issuances of Share Capital - - - - - -
Net Income/Loss for the Year 685,451 588,871 289,232 968,735 48,039 33,668
Dividends (344,996) (294,255) (148,028) (505,239) - (4,000)
Other Adjustments (7,052) (16,376) 36,903 (1,052) 2,348 4,462
Ending Balance 2,182,931 1,849,529 24,815,844 24,637,738 215,059 164,671
SHARE CAPITAL
Beginning balance - - - - 2,400,000 2,400,000
Ending Balance - - - - 2,400,000 2,400,000
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
668
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
REVALUATION SURPLUS
Beginning balance 152,576 152,576 - - 252,215 252,215
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 152,576 152,576 - - 252,215 252,215
RETAINED EARNINGS/(DEFICIT)
Beginning balance 401,200 386,296 10,773,701 10,490,149 325,549 376,055
669
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 401,200 386,296 10,773,701 10,490,149 325,549 376,055
Changes in Equity for the Year 43,115 14,904 589,217 283,553 (48,224) (50,506)
Add/(Deduct):
Issuances of Share Capital - - - - - -
Net Income/Loss for the Year 31,973 30,480 1,109,738 1,004,274 (48,193) (50,758)
Dividends - - (520,521) (720,722) - -
Other Adjustments 11,141 (15,576) - - (31) 252
Ending Balance 444,314 401,200 11,362,918 10,773,701 277,325 325,549
SHARE CAPITAL
Beginning balance 69,943 69,943 2,002,253 2,002,253 374,972 374,972
Ending Balance 69,943 69,943 2,002,253 2,002,253 374,972 374,972
SHARE PREMIUM
Beginning balance 2,348 2,348 22,425 22,425 - -
Ending Balance 2,348 2,348 22,425 22,425 - -
TREASURY SHARES
Beginning balance - - (735) (735) - -
Ending Balance - - (735) (735) - -
670
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - 6,378,988 6,378,988 - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - 6,378,988 6,378,988 - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - 72,547,652 72,547,679 255,220 255,220
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - 72,547,652 72,547,679 255,220 255,220
RETAINED EARNINGS/(DEFICIT)
Beginning balance (1,241,123) (1,223,668) 32,940,500 29,512,470 (58,436) (58,467)
671
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance (1,241,123) (1,223,668) 32,940,500 29,512,470 (58,436) (58,467)
Changes in Equity for the Year (298,587) (17,455) 2,914,827 3,428,030 15,585 31
Add/(Deduct):
Issuances of Share Capital - - - - - -
Net Income/Loss for the Year (315,074) (17,455) 4,473,463 4,698,697 15,339 19
Dividends - - (1,956,429) (2,158,463) - -
Other Adjustments 16,487 - 397,793 887,796 246 12
Ending Balance (1,539,710) (1,241,123) 35,855,327 32,940,500 (42,851) (58,436)
SHARE CAPITAL
Beginning balance 190,000 190,000 - - 95,727 95,727
Ending Balance 190,000 190,000 - - 95,727 95,727
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
672
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - 196,926,875 269,346,768 (18,466,987) (16,537,712)
Adjustments: - - - 2,885,402 - -
Add/(Deduct):
Prior Period Errors - - - 3,300,816 - -
Other Adjustments - - - (415,414) - -
Restated Balance - - 196,926,875 272,232,170 (18,466,987) (16,537,712)
GOVERNMENT EQUITY
Beginning balance 4,856,902 4,757,097 10,154,536 8,901,136 21,615,311 20,637,211
Adjustments: - 27,946 - 275,300 - -
Add/(Deduct):
Prior Period Errors - 13,982 - - - -
Other Adjustments - 13,964 - 275,300 - -
Restated Balance 4,856,902 4,785,042 10,154,536 9,176,436 21,615,311 20,637,211
Changes in Equity for the Year 78,917 71,859 (14,189,031) 978,100 138 978,100
Add/(Deduct):
Additional Capital from National
Government 48,334 27,042 138 978,100 138 978,100
Other Adjustments 30,584 44,818 (14,189,169) - - -
Ending Balance 4,935,819 4,856,902 (4,034,496) 10,154,536 21,615,449 21,615,311
CONTRIBUTED CAPITAL
Beginning balance 1,935,935 1,982,965 4,175,027 4,175,027 35,357 35,357
Adjustments: - (5,021) - - - -
Add/(Deduct):
Prior Period Errors - (288) - - - -
Other Adjustments - (4,732) - - - -
Restated Balance 1,935,935 1,977,945 4,175,027 4,175,027 35,357 35,357
REVALUATION SURPLUS
Beginning balance 219,713 226,444 41,178,949 51,611,398 - -
Adjustments: - - - (29,527) - -
Add/(Deduct):
Other Adjustments - - - (29,527) - -
Restated Balance 219,713 226,444 41,178,949 51,581,871 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 36,389,453 31,143,359 - - - -
673
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Adjustments: - (153,782) - - - -
Add/(Deduct):
Changes in Accounting Policy - (93,438) - - - -
Prior Period Errors - (28,099) - - - -
Other Adjustments - (32,245) - - - -
Restated Balance 36,389,453 30,989,576 - - - -
SHARE CAPITAL
Beginning balance - - 41,350,183 41,350,183 - -
Ending Balance - - 41,350,183 41,350,183 - -
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
674
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 1,597,732 1,885,917 9,431,656 8,965,943 (9,944,842) 96,300
Adjustments: - - - (29) - (10,032,399)
Add/(Deduct):
Prior Period Errors - - - (29) - (10,032,399)
Other Adjustments - - - - - -
Restated Balance 1,597,732 1,885,917 9,431,656 8,965,913 (9,944,842) (9,936,099)
Changes in Equity for the Year (203,567) (288,185) 231,852 465,743 259,367 (8,743)
Add/(Deduct):
Surplus/(Deficit) for the period (233,205) (285,223) 797,999 465,743 152,648 109,392
Dividends - - (559,768) - (69,989) (118,136)
Other Adjustments 29,639 (2,962) (6,379) - 176,708 -
Ending Balance 1,394,165 1,597,732 9,663,509 9,431,656 (9,685,475) (9,944,842)
GOVERNMENT EQUITY
Beginning balance 2,500,000 2,500,000 - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 2,500,000 2,500,000 - - - -
CONTRIBUTED CAPITAL
Beginning balance 3,961,206 3,961,206 - - 177,561 177,561
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 3,961,206 3,961,206 - - 177,561 177,561
REVALUATION SURPLUS
Beginning balance - - 28,427,904 36,382,889 - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - 28,427,904 36,382,889 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
675
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
SHARE CAPITAL
Beginning balance - - 6,095,487 6,095,487 4,772,564 4,772,564
Ending Balance - - 6,095,487 6,095,487 4,772,564 4,772,564
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
676
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 3,359,728 5,072,491 (16,641,303) (17,175,248) (160,457) (500,647)
Adjustments: - (440,679) - 699,595 - 25,265
Add/(Deduct):
Prior Period Errors - - - 699,595 - -
Other Adjustments - (440,679) - - - 25,265
Restated Balance 3,359,728 4,631,812 (16,641,303) (16,475,653) (160,457) (475,381)
Changes in Equity for the Year (531,085) (1,272,084) (771,474) (165,650) 37,185 314,924
Add/(Deduct):
Surplus/(Deficit) for the period 2,212,211 1,646,855 (763,823) (165,650) 574,295 314,924
Dividends (1,398,936) - - - - -
Other Adjustments (1,344,359) (2,918,938) (7,651) - (537,111) -
Ending Balance 2,828,644 3,359,728 (17,412,777) (16,641,303) (123,273) (160,457)
GOVERNMENT EQUITY
Beginning balance - - 1,500,000 1,500,000 217 217
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - 1,500,000 1,500,000 217 217
CONTRIBUTED CAPITAL
Beginning balance - - 903 903 - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - 903 903 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
677
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
SHARE CAPITAL
Beginning balance 27,048,871 27,048,871 - - 3,433,261 3,433,261
Ending Balance 27,048,871 27,048,871 - - 3,433,261 3,433,261
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
678
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated) (Restated)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 74,672,214 86,622,610 153,079,133 200,917,112
Adjustments: - 485,237 - 12,148,413
Add/(Deduct):
Prior Period Errors - 485,237 - 12,148,413
Other Adjustments - - - -
Restated Balance 74,672,214 87,107,847 153,079,133 213,065,525
CONTRIBUTED CAPITAL
Beginning balance - - - -
Adjustments: - - - -
Add/(Deduct):
Prior Period Errors - - - -
Other Adjustments - - - -
Restated Balance - - - -
REVALUATION SURPLUS
Beginning balance 10,754,677 13,204,384 - -
Adjustments: - (29,527) - -
Add/(Deduct):
Other Adjustments - (29,527) - -
Restated Balance 10,754,677 13,174,857 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - -
679
Cluster 3 - Public Utilities
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
(Restated) (Restated)
Adjustments: - - - -
Add/(Deduct):
Changes in Accounting Policy - - - -
Prior Period Errors - - - -
Other Adjustments - - - -
Restated Balance - - - -
STOCKHOLDERS' EQUITY - - - -
SHARE CAPITAL
Beginning balance - - - -
Ending Balance - - - -
SHARE PREMIUM
Beginning balance - - - -
Ending Balance - - - -
TREASURY SHARES
Beginning balance - - - -
Ending Balance - - - -
680
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 15,140,162 13,197,513 - - - -
Adjustments: - 113,021 - - - -
Add/(Deduct):
Prior Period Errors - 1,669 - - - -
Other Adjustments - 111,352 - - - -
Restated Balance 15,140,162 13,310,534 - - - -
GOVERNMENT EQUITY
Beginning balance 12,632,390 12,453,314 11,496,330 11,446,483 - -
Adjustments: - (62) - - - -
Add/(Deduct):
Prior Period Errors - (62) - - - -
Restated Balance 12,632,390 12,453,252 11,496,330 11,446,483 - -
CONTRIBUTED CAPITAL
Beginning balance 71,997,795 71,904,460 71,997,794 71,904,459 1,363,811 1,270,476
Changes in Equity for the Year 461,346 93,335 461,346 93,335 97,582 93,335
Add/(Deduct):
Additional Capital from National
Government 97,582 93,335 97,582 93,335 97,582 93,335
Other Adjustments 363,764 - 363,764 - - -
Ending Balance 72,459,141 71,997,795 72,459,140 71,997,794 1,461,393 1,363,811
REVALUATION SURPLUS
Beginning balance 812,494 815,388 812,494 815,388 - -
Adjustments: - (2,895) - (2,895) - -
Add/(Deduct):
Other Adjustments - (2,895) - (2,895) - -
Restated Balance 812,494 812,494 812,494 812,494 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 56,562,183 61,628,667 56,562,183 61,628,667 43,639 13,062
Adjustments: - (14,654,533) - (14,654,533) - (1,873)
Add/(Deduct):
Changes in Accounting Policy - (1,873) - (1,873) - (1,873)
Prior Period Errors - 989,108 - 989,108 - -
Other Adjustments - (15,641,769) - (15,641,769) - -
Restated Balance 56,562,183 46,974,134 56,562,183 46,974,134 43,639 11,189
681
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 6,158,176 9,588,049 6,158,176 9,588,049 121,676 32,450
Add/(Deduct):
Net Income/Loss for the Year 15,349,210 19,293,337 15,349,210 19,293,337 151,465 60,138
Dividends (8,792,880) (11,839,921) (8,792,880) (11,839,921) (29,111) (25,810)
Other Adjustments (398,154) 2,134,633 (398,154) 2,134,633 (677) (1,878)
Ending Balance 62,720,359 56,562,183 62,720,359 56,562,183 165,315 43,639
SHARE CAPITAL
Beginning balance 147,904,426 147,753,185 147,883,619 147,732,379 - -
Changes in Equity for the Year 24,632,048 151,241 24,632,048 151,241 - -
Add/(Deduct):
Issuances of Share Capital - 263,814 - 263,814 - -
Other Adjustments 24,632,048 (112,573) 24,632,048 (112,573) - -
Ending Balance 172,536,474 147,904,426 172,515,668 147,883,619 - -
SHARE PREMIUM
Beginning balance 46,138 46,137 46,138 46,137 - -
Changes in Equity for the Year - 0 - 0 - -
Add/(Deduct):
Issuances of Share Capital - 0 - 0 - -
Ending Balance 46,138 46,138 46,138 46,138 - -
TREASURY SHARES
Beginning balance (16,700) (16,700) (16,700) (16,700) - -
Ending Balance (16,700) (16,700) (16,700) (16,700) - -
682
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 14,994,413 15,572,882 8,939 56,842 922,627 1,029,696
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 14,994,413 15,572,882 8,939 56,842 922,627 1,029,696
683
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 803,563 (578,470) 2,517 (47,903) 464,350 (107,070)
Add/(Deduct):
Net Income/Loss for the Year 1,043,176 (490,188) 2,517 (47,903) 1,032,603 783,160
Dividends (130,025) (88,282) - - (500,000) (700,000)
Other Adjustments (109,589) - - - (68,254) (190,229)
Ending Balance 15,797,976 14,994,413 11,456 8,939 1,386,976 922,627
SHARE CAPITAL
Beginning balance 75,327,952 75,310,525 280,000 280,000 2,813,507 2,813,507
Changes in Equity for the Year 24,672,048 17,427 - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments 24,672,048 17,427 - - - -
Ending Balance 100,000,000 75,327,952 280,000 280,000 2,813,507 2,813,507
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
684
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance 832,248 832,248 - - - -
Changes in Equity for the Year 358,415 - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments 358,415 - - - - -
Ending Balance 1,190,663 832,248 - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (783,820) (856,543) (225,331) (238,654) (1,025,511) (766,714)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance (783,820) (856,543) (225,331) (238,654) (1,025,511) (766,714)
685
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 197,499 72,723 21,706 13,322 (411,293) (258,797)
Add/(Deduct):
Net Income/Loss for the Year 177,175 77,404 15,253 11,189 (391,760) (176,350)
Dividends - - - - - -
Other Adjustments 20,324 (4,681) 6,453 2,134 (19,534) (82,447)
Ending Balance (586,320) (783,820) (203,625) (225,331) (1,436,804) (1,025,511)
SHARE CAPITAL
Beginning balance 1,250 1,250 383,814 120,000 100,000 100,000
Changes in Equity for the Year - - - 263,814 - -
Add/(Deduct):
Issuances of Share Capital - - - 263,814 - -
Other Adjustments - - - - - -
Ending Balance 1,250 1,250 383,814 383,814 100,000 100,000
SHARE PREMIUM
Beginning balance - - 0 - - -
Changes in Equity for the Year - - - 0 - -
Add/(Deduct):
Issuances of Share Capital - - - 0 - -
Ending Balance - - 0 0 - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
686
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - 36,512,107 36,512,107 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - 36,512,107 36,512,107 - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (411) (9,448) (7,779,137) 10,714,219 969,044 743,038
Adjustments: - - - (15,641,720) - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - (15,641,720) - -
Restated Balance (411) (9,448) (7,779,137) (4,927,500) 969,044 743,038
687
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 7,014 9,037 (734,093) (2,851,637) (135,198) 226,006
Add/(Deduct):
Net Income/Loss for the Year 11,535 10,077 1,220,376 1,134,157 (64,925) 518,361
Dividends - - (2,080,156) (4,272,266) - (292,355)
Other Adjustments (4,520) (1,040) 125,688 286,471 (70,273) -
Ending Balance 6,603 (411) (8,513,230) (7,779,137) 833,845 969,044
SHARE CAPITAL
Beginning balance 68,144 68,144 50,000,000 50,000,000 5,755,142 5,755,142
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance 68,144 68,144 50,000,000 50,000,000 5,755,142 5,755,142
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
688
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - 7,191,934 7,191,934
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - 7,191,934 7,191,934
CONTRIBUTED CAPITAL
Beginning balance - - 2,895,736 2,895,736 8,269,619 8,269,619
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - 2,895,736 2,895,736 8,269,619 8,269,619
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (366) (533) 7,511,587 12,063,349 27,526,723 16,325,498
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance (366) (533) 7,511,587 12,063,349 27,526,723 16,325,498
689
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 194 167 31,392 (4,551,763) 1,180,582 11,201,226
Add/(Deduct):
Net Income/Loss for the Year 194 167 441,353 454,915 3,699,827 11,201,226
Dividends - - (391,080) (5,062,131) (2,318,326) -
Other Adjustments - - (18,881) 55,453 (200,920) -
Ending Balance (171) (366) 7,542,978 7,511,587 28,707,306 27,526,723
SHARE CAPITAL
Beginning balance 40,000 40,000 1,724,121 1,724,121 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance 40,000 40,000 1,724,121 1,724,121 - -
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
690
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance 7,526 7,526 - - - -
Changes in Equity for the Year (293) - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments (293) - - - - -
Ending Balance 7,233 7,526 - - - -
REVALUATION SURPLUS
Beginning balance 22,050 22,050 28,883 28,883 - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 22,050 22,050 28,883 28,883 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 10,494 8,837 1,627,589 (1,804,678) 8,723 37,983
Adjustments: - (49) - (1,219,059) - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - (1,219,059) - -
Other Adjustments - (49) - - - -
Restated Balance 10,494 8,788 1,627,589 (3,023,737) 8,723 37,983
691
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 258 1,706 2,129,621 4,651,326 (306) (29,260)
Add/(Deduct):
Net Income/Loss for the Year 318 1,706 2,359,075 2,529,865 8,417 8,723
Dividends - - (421,309) (48,567) (8,723) (37,983)
Other Adjustments (61) - 191,854 2,170,028 - -
Ending Balance 10,751 10,494 3,757,210 1,627,589 8,417 8,723
SHARE CAPITAL
Beginning balance - - 8,602,803 8,602,803 36,623 36,623
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance - - 8,602,803 8,602,803 36,623 36,623
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
692
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - 18,407 18,407
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - 18,407 18,407
RETAINED EARNINGS/(DEFICIT)
Beginning balance (16,751) (15,825) 75,664 89,007 (79,688) (78,186)
Adjustments: - - - (6,759) - (1,165)
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - (6,759) - (1,165)
Other Adjustments - - - - - -
Restated Balance (16,751) (15,825) 75,664 82,249 (79,688) (79,351)
693
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year (322) (926) (24,673) (6,584) (380) (337)
Add/(Deduct):
Net Income/Loss for the Year (322) (926) (6,607) (6,584) (380) (337)
Dividends - - (18,066) - - -
Other Adjustments - - - - - -
Ending Balance (17,073) (16,751) 50,992 75,664 (80,068) (79,688)
SHARE CAPITAL
Beginning balance 10,000 10,000 9,086 9,086 4,301 4,301
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance 10,000 10,000 9,086 9,086 4,301 4,301
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
694
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - 158,375 158,375 - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - 158,375 158,375 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 14,559 19,302 (12,817) (7,251) (29,392) (29,668)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 14,559 19,302 (12,817) (7,251) (29,392) (29,668)
695
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 22,462 (4,743) 61,742 (5,567) 270 276
Add/(Deduct):
Net Income/Loss for the Year 26,421 7,261 (96,386) (5,567) 270 276
Dividends (3,959) (12,004) - - - -
Other Adjustments - - 158,128 - - -
Ending Balance 37,021 14,559 48,925 (12,817) (29,122) (29,392)
SHARE CAPITAL
Beginning balance 6,733 6,733 120,000 120,000 80,000 80,000
Changes in Equity for the Year - - (40,000) - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - (40,000) - - -
Ending Balance 6,733 6,733 80,000 120,000 80,000 80,000
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
696
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - 200,000 200,000
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - 200,000 200,000
CONTRIBUTED CAPITAL
Beginning balance - - 2,136,008 2,136,008 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - 2,136,008 2,136,008 - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 2,204 1,491 3,906,533 3,216,261 1,157,989 1,028,827
Adjustments: - 749 - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - 749 - - - -
Other Adjustments - - - - - -
Restated Balance 2,204 2,240 3,906,533 3,216,261 1,157,989 1,028,827
697
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year (120) (36) 668,702 690,272 (498,610) 129,162
Add/(Deduct):
Net Income/Loss for the Year 1,026 1,092 1,296,043 1,212,049 265,392 258,325
Dividends (1,147) (1,128) (622,914) (521,777) (138,744) (129,162)
Other Adjustments - - (4,428) - (625,258) -
Ending Balance 2,084 2,204 4,575,235 3,906,533 659,379 1,157,989
SHARE CAPITAL
Beginning balance 2,252 2,252 - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance 2,252 2,252 - - - -
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
698
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance 534,193 537,088 - - 18,818 18,818
Adjustments: - (2,895) - - - -
Add/(Deduct):
Other Adjustments - (2,895) - - - -
Restated Balance 534,193 534,193 - - 18,818 18,818
RETAINED EARNINGS/(DEFICIT)
Beginning balance (7,318,551) (8,231,079) 4,172 2,480 (47,145) (47,180)
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance (7,318,551) (8,231,079) 4,172 2,480 (47,145) (47,180)
699
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
Changes in Equity for the Year 2,879,282 912,528 (1,670) 1,692 (533) 35
Add/(Deduct):
Net Income/Loss for the Year 2,879,343 908,393 1,502 3,172 (533) 35
Dividends - - (3,172) (1,480) - -
Other Adjustments (60) 4,135 - - - -
Ending Balance (4,439,268) (7,318,551) 2,502 4,172 (47,677) (47,145)
SHARE CAPITAL
Beginning balance 2,283,758 2,283,758 120,000 250,000 15,120 15,120
Changes in Equity for the Year - - - (130,000) - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - (130,000) - -
Ending Balance 2,283,758 2,283,758 120,000 120,000 15,120 15,120
SHARE PREMIUM
Beginning balance 46,137 46,137 - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance 46,137 46,137 - - - -
TREASURY SHARES
Beginning balance (16,700) (16,700) - - - -
Ending Balance (16,700) (16,700) - - - -
700
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - 3,248,276 3,248,276 - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - 3,248,276 3,248,276 - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (39,620) (76,293) 17,115,278 15,025,776 2,264 2,230
Adjustments: - (193) - 2,277,303 - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - (193) - 2,277,303 - -
Other Adjustments - - - - - -
Restated Balance (39,620) (76,486) 17,115,278 17,303,079 2,264 2,230
701
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance 97,014 97,014 - - 2,000 2,000
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance 97,014 97,014 - - 2,000 2,000
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
702
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - 15,140,162 13,197,513
Adjustments: - - - - - 113,021
Add/(Deduct):
Prior Period Errors - - - - - 1,669
Other Adjustments - - - - - 111,352
Restated Balance - - - - 15,140,162 13,310,534
GOVERNMENT EQUITY
Beginning balance - - 856,120 806,273 1,136,059 1,006,831
Adjustments: - - - - - (62)
Add/(Deduct):
Prior Period Errors - - - - - (62)
Restated Balance - - 856,120 806,273 1,136,059 1,006,769
CONTRIBUTED CAPITAL
Beginning balance 19,980,740 19,980,740 - - 1 1
Changes in Equity for the Year 5,642 - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments 5,642 - - - - -
Ending Balance 19,986,382 19,980,740 - - 1 1
REVALUATION SURPLUS
Beginning balance 31,767 31,767 - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance 31,767 31,767 - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance (1,713,821) (1,967,109) (267,897) (192,956) - -
Adjustments: - - - (61,768) - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - (61,768) - -
Other Adjustments - - - - - -
Restated Balance (1,713,821) (1,967,109) (267,897) (254,724) - -
703
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance - - - - 20,806 20,806
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - 20,806 20,806
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
704
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance (23,320) (32,633) 247,272 174,290 (711,513) (715,124)
Adjustments: - 945 - 598 - -
Add/(Deduct):
Prior Period Errors - 945 - 598 - -
Other Adjustments - - - - - -
Restated Balance (23,320) (31,687) 247,272 174,888 (711,513) (715,124)
Changes in Equity for the Year (205) 8,368 42,700 72,384 (1,666) 3,611
Add/(Deduct):
Surplus/(Deficit) for the period 384 8,368 84,537 89,193 2,336 9,339
Dividends - - (41,836) (16,809) - -
Other Adjustments (588) - - - (4,003) (5,728)
Ending Balance (23,524) (23,320) 289,972 247,272 (713,180) (711,513)
GOVERNMENT EQUITY
Beginning balance 965,797 836,506 - - 48,028 48,028
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance 965,797 836,506 - - 48,028 48,028
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
705
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance - - 9,956 9,956 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance - - 9,956 9,956 - -
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
706
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance (1,295) - (2,777) - 15,525,278 13,657,584
Adjustments: - 126 - - - 111,352
Add/(Deduct):
Prior Period Errors - 126 - - - -
Other Adjustments - - - - - 111,352
Restated Balance (1,295) 126 (2,777) - 15,525,278 13,768,936
Changes in Equity for the Year 1,569 (1,421) (1,780) (2,777) 1,864,257 1,756,341
Add/(Deduct):
Surplus/(Deficit) for the period 1,729 (1,421) (1,780) (2,777) 1,901,948 1,731,454
Dividends - - - - - -
Other Adjustments (160) - - - (37,691) 24,887
Ending Balance 274 (1,295) (4,558) (2,777) 17,389,534 15,525,278
GOVERNMENT EQUITY
Beginning balance 2,245 2,245 119,990 120,052 - -
Adjustments: - - - (62) - -
Add/(Deduct):
Prior Period Errors - - - (62) - -
Restated Balance 2,245 2,245 119,990 119,990 - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Restated Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
707
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance - - - - 10,850 10,850
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - 10,850 10,850
SHARE PREMIUM
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Issuances of Share Capital - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
708
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 106,518 113,396
Adjustments: - -
Add/(Deduct):
Prior Period Errors - -
Other Adjustments - -
Restated Balance 106,518 113,396
GOVERNMENT EQUITY
Beginning balance - -
Adjustments: - -
Add/(Deduct):
Prior Period Errors - -
Restated Balance - -
CONTRIBUTED CAPITAL
Beginning balance 1 1
Changes in Equity for the Year - -
Add/(Deduct):
Additional Capital from National
Government - -
Other Adjustments - -
Ending Balance 1 1
REVALUATION SURPLUS
Beginning balance - -
Adjustments: - -
Add/(Deduct):
Other Adjustments - -
Restated Balance - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - -
Adjustments: - -
Add/(Deduct):
Changes in Accounting Policy - -
Prior Period Errors - -
Other Adjustments - -
Restated Balance - -
709
Cluster 4 - Industrial and Area Development
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
CFI
2017 2016
(Restated)
STOCKHOLDERS' EQUITY - -
SHARE CAPITAL
Beginning balance - -
Changes in Equity for the Year - -
Add/(Deduct):
Issuances of Share Capital - -
Other Adjustments - -
Ending Balance - -
SHARE PREMIUM
Beginning balance - -
Changes in Equity for the Year - -
Add/(Deduct):
Issuances of Share Capital - -
Ending Balance - -
TREASURY SHARES
Beginning balance - -
Ending Balance - -
710
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 45,148,709 25,031,471 - - - -
Adjustments: - 1,154,921 - - - -
Add/(Deduct):
Changes in Accounting Policy - (1,266) - - - -
Prior Period Errors - 1,033,548 - - - -
Other Adjustments - 122,639 - - - -
Restated Balance 45,148,709 26,186,392 - - - -
GOVERNMENT EQUITY
Beginning balance 3,604,134 3,469,241 866,096 866,096 - -
Adjustments: - (1) - - - -
Add/(Deduct):
Prior Period Errors - (1) - - - -
Restated Balance 3,604,134 3,469,240 866,096 866,096 - -
CONTRIBUTED CAPITAL
Beginning balance 8,458,434 8,458,434 3,380,269 3,380,269 - -
Ending Balance 8,458,434 8,458,434 3,380,269 3,380,269 - -
REVALUATION SURPLUS
Beginning balance 6,660,521 6,660,763 6,640,666 6,640,666 6,496,251 6,496,251
Changes in Equity for the Year (511,843) (242) (511,843) - (511,843) -
Add/(Deduct):
Other Adjustments (511,843) (242) (511,843) - (511,843) -
Ending Balance 6,148,678 6,660,521 6,128,823 6,640,666 5,984,408 6,496,251
RETAINED EARNINGS/(DEFICIT)
Beginning balance (802,808) (1,290,318) (802,808) (1,290,318) 127,487 40,740
Adjustments: - 120,497 - 120,497 - -
Add/(Deduct):
Changes in Accounting Policy - 438 - 438 - -
Prior Period Errors - (16,337) - (16,337) - -
Other Adjustments - 136,397 - 136,397 - -
Restated Balance (802,808) (1,169,821) (802,808) (1,169,821) 127,487 40,740
Changes in Equity for the Year 993,505 367,013 993,505 367,013 963,530 86,747
Add/(Deduct):
Net Income/Loss for the Year 2,456,097 528,157 2,456,097 528,157 1,927,584 174,018
Dividends (1,196,168) (172,123) (1,196,168) (172,123) (963,792) (87,271)
Other Adjustments (266,424) 10,979 (266,424) 10,979 (262) -
Ending Balance 190,697 (802,808) 190,697 (802,808) 1,091,018 127,487
711
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance 7,327,764 7,327,764 725,000 725,000 500,000 500,000
Ending Balance 7,327,764 7,327,764 725,000 725,000 500,000 500,000
SHARE PREMIUM
Beginning balance 159,451 159,451 159,451 159,451 - -
Ending Balance 159,451 159,451 159,451 159,451 - -
TREASURY SHARES
Beginning balance (696) (696) - - - -
Ending Balance (696) (696) - - - -
712
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance 1,970,125 1,970,125 159,190 159,190 - -
Ending Balance 1,970,125 1,970,125 159,190 159,190 - -
REVALUATION SURPLUS
Beginning balance - - - - 144,416 144,416
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - 144,416 144,416
RETAINED EARNINGS/(DEFICIT)
Beginning balance (1,408,985) (1,413,468) (21,836) (8,734) 25,926 43,579
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance (1,408,985) (1,413,468) (21,836) (8,734) 25,926 43,579
Changes in Equity for the Year 17,381 4,483 (24,965) (13,102) (24,370) (17,653)
Add/(Deduct):
Net Income/Loss for the Year 23,676 16,218 (34,393) (11,911) (8,084) 2,495
Dividends - (6,319) - - (1,247) (20,148)
Other Adjustments (6,295) (5,416) 9,428 (1,192) (15,038) -
Ending Balance (1,391,604) (1,408,985) (46,801) (21,836) 1,557 25,926
713
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance - - - - 125,000 125,000
Ending Balance - - - - 125,000 125,000
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
714
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - 741,096 741,096 125,000 125,000
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance - - 741,096 741,096 125,000 125,000
CONTRIBUTED CAPITAL
Beginning balance 1,250,954 1,250,954 - - - -
Ending Balance 1,250,954 1,250,954 - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 33,604 27,383 (672,787) (951,179) 1,113,782 971,361
Adjustments: - (16,337) - - - 136,835
Add/(Deduct):
Changes in Accounting Policy - - - - - 438
Prior Period Errors - (16,337) - - - -
Other Adjustments - - - - - 136,397
Restated Balance 33,604 11,046 (672,787) (951,179) 1,113,782 1,108,196
Changes in Equity for the Year 166,229 22,559 (116,123) 278,392 11,823 5,586
Add/(Deduct):
Net Income/Loss for the Year 336,998 45,117 185,749 293,174 24,567 9,045
Dividends (170,769) (22,559) (60,360) (32,368) - (3,459)
Other Adjustments - - (241,512) 17,586 (12,744) -
Ending Balance 199,833 33,604 (788,910) (672,787) 1,125,605 1,113,782
715
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance 100,000 100,000 - - - -
Ending Balance 100,000 100,000 - - - -
SHARE PREMIUM
Beginning balance 159,451 159,451 - - - -
Ending Balance 159,451 159,451 - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
716
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 45,148,709 25,031,471 663,306 619,958 (146,242,454) (148,754,579)
Adjustments: - 1,154,921 - (781) - 3,554,958
Add/(Deduct):
Changes in Accounting Policy - (1,266) - (781) - -
Prior Period Errors - 1,033,548 - - - 3,432,319
Other Adjustments - 122,639 - - - 122,639
Restated Balance 45,148,709 26,186,392 663,306 619,177 (146,242,454) (145,199,620)
Changes in Equity for the Year 28,878,803 18,962,316 (54,600) 44,129 (5,527,336) (1,042,834)
Add/(Deduct):
Surplus/(Deficit) for the period 22,981,102 18,838,393 (25,633) 62,778 (4,646,406) (1,042,834)
Dividends (101,664) (52,002) - (16,620) - -
Other Adjustments 5,999,366 175,925 (28,967) (2,029) (880,930) -
Ending Balance 74,027,512 45,148,709 608,706 663,306 (151,769,791) (146,242,454)
GOVERNMENT EQUITY
Beginning balance 2,738,038 2,603,145 602,509 476,604 - -
Adjustments: - (1) - - - -
Add/(Deduct):
Prior Period Errors - (1) - - - -
Restated Balance 2,738,038 2,603,144 602,509 476,604 - -
CONTRIBUTED CAPITAL
Beginning balance 5,078,165 5,078,165 - - 5,000,000 5,000,000
Ending Balance 5,078,165 5,078,165 - - 5,000,000 5,000,000
REVALUATION SURPLUS
Beginning balance 19,855 20,097 - - - -
Changes in Equity for the Year - (242) - - - -
Add/(Deduct):
Other Adjustments - (242) - - - -
Ending Balance 19,855 19,855 - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
717
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance 6,602,764 6,602,764 - - - -
Ending Balance 6,602,764 6,602,764 - - - -
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance (696) (696) - - - -
Ending Balance (696) (696) - - - -
718
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 198,034,062 177,886,748 (29,009) 102,364 1,367,587 3,566,477
Adjustments: - (736,175) - 6,380 - (1,692,340)
Add/(Deduct):
Changes in Accounting Policy - - - - - (485)
Prior Period Errors - (736,175) - 6,380 - (1,691,855)
Other Adjustments - - - - - -
Restated Balance 198,034,062 177,150,573 (29,009) 108,744 1,367,587 1,874,137
Changes in Equity for the Year 27,632,111 20,883,488 5,765 (137,753) (555,572) (506,550)
Add/(Deduct):
Surplus/(Deficit) for the period 27,529,479 20,883,488 (15,162) (137,734) (555,572) (506,550)
Dividends - - - - - -
Other Adjustments 102,632 - 20,927 (19) - -
Ending Balance 225,666,172 198,034,062 (23,244) (29,009) 812,015 1,367,587
GOVERNMENT EQUITY
Beginning balance - - 411,440 411,440 1,182,391 1,174,501
Adjustments: - - - - - (1)
Add/(Deduct):
Prior Period Errors - - - - - (1)
Restated Balance - - 411,440 411,440 1,182,391 1,174,500
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - 19,855 20,097
Changes in Equity for the Year - - - - - (242)
Add/(Deduct):
Other Adjustments - - - - - (242)
Ending Balance - - - - 19,855 19,855
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
719
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance 5,559,192 5,559,192 - - - -
Ending Balance 5,559,192 5,559,192 - - - -
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - - - - -
Ending Balance - - - - - -
720
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 739,374 638,105 (10,546,488) (9,398,852) 1,162,332 371,250
Adjustments: - - - - - 22,879
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - 22,879
Other Adjustments - - - - - -
Restated Balance 739,374 638,105 (10,546,488) (9,398,852) 1,162,332 394,129
Changes in Equity for the Year 3,243 101,269 6,244,076 (1,147,637) 1,131,117 768,203
Add/(Deduct):
Surplus/(Deficit) for the period 32,964 109,050 (571,349) (1,333,391) 1,232,781 803,585
Dividends - - - - (101,664) (35,382)
Other Adjustments (29,721) (7,781) 6,815,425 185,754 - -
Ending Balance 742,617 739,374 (4,302,412) (10,546,488) 2,293,449 1,162,332
GOVERNMENT EQUITY
Beginning balance 467,101 467,101 - - 74,598 73,499
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Restated Balance 467,101 467,101 - - 74,598 73,499
CONTRIBUTED CAPITAL
Beginning balance - - 78,165 78,165 - -
Ending Balance - - 78,165 78,165 - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
721
Cluster 5 - Agricultural and Natural Resources
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
SHARE CAPITAL
Beginning balance - - 1,043,572 1,043,572 - -
Ending Balance - - 1,043,572 1,043,572 - -
SHARE PREMIUM
Beginning balance - - - - - -
Ending Balance - - - - - -
TREASURY SHARES
Beginning balance - - (696) (696) - -
Ending Balance - - (696) (696) - -
722
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 15,770,381 13,406,145 - - - -
Adjustments: - (585,977) - - - -
Add/(Deduct):
Changes in Accounting Policy - (1,297) - - - -
Prior Period Errors - (345,765) - - - -
Other Adjustments - (238,915) - - - -
Restated Balance 15,770,381 12,820,168 - - - -
GOVERNMENT EQUITY
Beginning balance 14,327,802 14,288,866 85,845 85,845 22,622 22,622
Changes in Equity for the Year 312,305 38,937 416 - - -
Add/(Deduct):
Additional Capital from National
Government - 4,776 - - - -
Other Adjustments 312,305 34,161 416 - - -
Ending Balance 14,640,107 14,327,802 86,260 85,845 22,622 22,622
CONTRIBUTED CAPITAL
Beginning balance 185,576 185,576 - - - -
Changes in Equity for the Year 1,452,762 - - - - -
Add/(Deduct):
Additional Capital from National
Government 1,452,762 - - - - -
Ending Balance 1,638,338 185,576 - - - -
REVALUATION SURPLUS
Beginning balance 7,690,547 7,690,547 1,130,803 1,130,803 - -
Changes in Equity for the Year (226,740) - - - - -
Add/(Deduct):
Other Adjustments (226,740) - - - - -
Ending Balance 7,463,806 7,690,547 1,130,803 1,130,803 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 106,875,225 125,358,360 106,875,225 125,358,360 524,831 1,170,477
Adjustments: - (726,591) - (726,591) - (643,162)
Add/(Deduct):
Prior Period Errors - (83,429) - (83,429) - -
Other Adjustments - (643,162) - (643,162) - (643,162)
Restated Balance 106,875,225 124,631,769 106,875,225 124,631,769 524,831 527,315
Changes in Equity for the Year 1,567,440 (17,756,543) 1,567,440 (17,756,543) 68,652 (2,484)
Add/(Deduct):
Member's Contribution (89,858) (82,106) (89,858) (82,106) (89,858) (82,106)
Net Income/Loss for the Year 5,805,252 7,883,756 5,805,252 7,883,756 179,717 136,381
Dividends (2,819,147) (1,401,314) (2,819,147) (1,401,314) - -
Other Adjustments (1,328,807) (24,156,878) (1,328,807) (24,156,878) (21,206) (56,758)
Ending Balance 108,442,666 106,875,225 108,442,666 106,875,225 593,483 524,831
SHARE CAPITAL
Beginning balance 409,431 409,431 409,431 409,431 - -
Ending Balance 409,431 409,431 409,431 409,431 - -
723
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
724
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - 5 5
Changes in Equity for the Year - - - - 416 -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - 416 -
Ending Balance - - - - 421 5
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance 422,186 422,186 - - 708,618 708,618
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance 422,186 422,186 - - 708,618 708,618
RETAINED EARNINGS/(DEFICIT)
Beginning balance (1,556,585) (1,435,281) 13,402,335 10,155,930 2,917,332 1,727,406
Adjustments: - - - (83,429) - -
Add/(Deduct):
Prior Period Errors - - - (83,429) - -
Other Adjustments - - - - - -
Restated Balance (1,556,585) (1,435,281) 13,402,335 10,072,501 2,917,332 1,727,406
Changes in Equity for the Year 23,371 (121,305) 2,353,104 3,329,834 3,570,578 1,189,926
Add/(Deduct):
Member's Contribution - - - - - -
Net Income/Loss for the Year (106,632) (106,997) 4,946,503 4,512,454 5,070,578 3,094,927
Dividends - - (2,593,399) (1,182,620) - -
Other Adjustments 130,003 (14,308) - - (1,500,000) (1,905,001)
Ending Balance (1,533,215) (1,556,585) 15,755,438 13,402,335 6,487,910 2,917,332
SHARE CAPITAL
Beginning balance 500 500 71,431 71,431 - -
Ending Balance 500 500 71,431 71,431 - -
725
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
726
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
GOVERNMENT EQUITY - - - - - -
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
GOVERNMENT EQUITY
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - - -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance 90,683,027 113,115,586 (21,167) (97,339) (389,254) (350,314)
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 90,683,027 113,115,586 (21,167) (97,339) (389,254) (350,314)
Changes in Equity for the Year (4,692,991) (22,432,559) 92,967 76,172 (35,838) (38,940)
Add/(Deduct):
Member's Contribution - - - - - -
Net Income/Loss for the Year (4,750,516) (251,531) 126,245 85,430 (35,838) (40,155)
Dividends - - (38,150) (8,259) - -
Other Adjustments 57,525 (22,181,028) 4,872 (1,000) - 1,216
Ending Balance 85,990,035 90,683,027 71,800 (21,167) (425,093) (389,254)
SHARE CAPITAL
Beginning balance - - 300,000 300,000 37,500 37,500
Ending Balance - - 300,000 300,000 37,500 37,500
727
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
728
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance - - 15,770,381 13,406,145 277,651 247,303
Adjustments: - - - (585,977) - -
Add/(Deduct):
Changes in Accounting Policy - - - (1,297) - -
Prior Period Errors - - - (345,765) - -
Other Adjustments - - - (238,915) - -
Restated Balance - - 15,770,381 12,820,168 277,651 247,303
GOVERNMENT EQUITY
Beginning balance 63,217 63,217 14,241,957 14,203,021 - -
Changes in Equity for the Year - - 311,889 38,937 - -
Add/(Deduct):
Additional Capital from National
Government - - - 4,776 - -
Other Adjustments - - 311,889 34,161 - -
Ending Balance 63,217 63,217 14,553,847 14,241,957 - -
CONTRIBUTED CAPITAL
Beginning balance - - 185,576 185,576 - -
Changes in Equity for the Year - - 1,452,762 - - -
Add/(Deduct):
Additional Capital from National
Government - - 1,452,762 - - -
Ending Balance - - 1,638,338 185,576 - -
REVALUATION SURPLUS
Beginning balance - - 6,559,743 6,559,743 4,930,931 4,930,931
Changes in Equity for the Year - - (226,740) - (226,740) -
Add/(Deduct):
Other Adjustments - - (226,740) - (226,740) -
Ending Balance - - 6,333,003 6,559,743 4,704,191 4,930,931
RETAINED EARNINGS/(DEFICIT)
Beginning balance 1,314,707 1,071,895 - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 1,314,707 1,071,895 - - - -
STOCKHOLDERS' EQUITY - - - - - -
SHARE CAPITAL
Beginning balance - - - - - -
Ending Balance - - - - - -
729
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
730
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 143,070 153,058 393,411 408,825 145,047 71,962
Adjustments: - (336,024) - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - (347,109) - - - -
Other Adjustments - 11,085 - - - -
Restated Balance 143,070 (182,966) 393,411 408,825 145,047 71,962
Changes in Equity for the Year 636,127 326,036 32,282 (15,414) 69,644 73,085
Add/(Deduct):
Surplus/(Deficit) for the period 636,127 328,507 31,329 (21,438) 42,841 72,579
Other Adjustments - (2,471) 953 6,023 26,803 507
Ending Balance 779,197 143,070 425,693 393,411 214,691 145,047
GOVERNMENT EQUITY
Beginning balance 1,567,900 1,533,739 46,276 46,276 47,500 47,500
Changes in Equity for the Year - 34,161 - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - 34,161 - - - -
Ending Balance 1,567,900 1,567,900 46,276 46,276 47,500 47,500
CONTRIBUTED CAPITAL
Beginning balance - - - - 161,898 161,898
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Ending Balance - - - - 161,898 161,898
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
STOCKHOLDERS' EQUITY - - - - - -
SHARE CAPITAL
Beginning balance - - - - - -
Ending Balance - - - - - -
731
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
732
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 4,332,235 4,366,227 4,835,174 4,028,174 136,304 115,562
Adjustments: - - - - - -
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance 4,332,235 4,366,227 4,835,174 4,028,174 136,304 115,562
Changes in Equity for the Year 220,254 (33,992) 729,784 807,000 22,881 20,742
Add/(Deduct):
Surplus/(Deficit) for the period 185,388 (37,277) 527,584 400,755 25,330 20,742
Other Adjustments 34,867 3,285 202,200 406,245 (2,449) -
Ending Balance 4,552,490 4,332,235 5,564,958 4,835,174 159,184 136,304
GOVERNMENT EQUITY
Beginning balance - - - - 14,890 14,890
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - - -
Ending Balance - - - - 14,890 14,890
CONTRIBUTED CAPITAL
Beginning balance - - - - 23,678 23,678
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Ending Balance - - - - 23,678 23,678
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
STOCKHOLDERS' EQUITY - - - - - -
SHARE CAPITAL
Beginning balance - - - - - -
Ending Balance - - - - - -
733
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
734
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 2,125,489 1,740,509 1,336,089 961,226 640,124 624,446
Adjustments: - 858 - - - 1,777
Add/(Deduct):
Changes in Accounting Policy - - - - - (1,297)
Prior Period Errors - 858 - - - 3,074
Other Adjustments - - - - - -
Restated Balance 2,125,489 1,741,367 1,336,089 961,226 640,124 626,223
Changes in Equity for the Year 33,057 384,122 135,940 374,863 (239,189) 13,901
Add/(Deduct):
Surplus/(Deficit) for the period 33,057 384,122 230,511 370,033 72,366 14,961
Other Adjustments - - (94,571) 4,829 (311,555) (1,060)
Ending Balance 2,158,546 2,125,489 1,472,028 1,336,089 400,935 640,124
GOVERNMENT EQUITY
Beginning balance - - 625,510 625,510 - -
Changes in Equity for the Year - - - - 311,889 -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Other Adjustments - - - - 311,889 -
Ending Balance - - 625,510 625,510 311,889 -
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Additional Capital from National
Government - - - - - -
Ending Balance - - - - - -
REVALUATION SURPLUS
Beginning balance - - 1,628,812 1,628,812 - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - 1,628,812 1,628,812 - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
STOCKHOLDERS' EQUITY - - - - - -
SHARE CAPITAL
Beginning balance - - - - - -
Ending Balance - - - - - -
735
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
736
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 265,641 263,719 347,074 (277,692) 209,591 288,189
Adjustments: - - - - - (252,588)
Add/(Deduct):
Changes in Accounting Policy - - - - - -
Prior Period Errors - - - - - (2,588)
Other Adjustments - - - - - (250,000)
Restated Balance 265,641 263,719 347,074 (277,692) 209,591 35,601
Changes in Equity for the Year 2,216 1,922 (1,373,524) 624,766 207,347 173,990
Add/(Deduct):
Surplus/(Deficit) for the period 2,216 1,922 (21,237) 642,480 (231,772) 173,990
Other Adjustments - - (1,352,287) (17,714) 439,118 -
Ending Balance 267,857 265,641 (1,026,451) 347,074 416,938 209,591
GOVERNMENT EQUITY
Beginning balance 82,889 78,113 1,449,760 1,449,760 250,000 250,000
Changes in Equity for the Year - 4,776 - - - -
Add/(Deduct):
Additional Capital from National
Government - 4,776 - - - -
Other Adjustments - - - - - -
Ending Balance 82,889 82,889 1,449,760 1,449,760 250,000 250,000
CONTRIBUTED CAPITAL
Beginning balance - - - - - -
Changes in Equity for the Year - - 1,452,762 - - -
Add/(Deduct):
Additional Capital from National
Government - - 1,452,762 - - -
Ending Balance - - 1,452,762 - - -
REVALUATION SURPLUS
Beginning balance - - - - - -
Changes in Equity for the Year - - - - - -
Add/(Deduct):
Other Adjustments - - - - - -
Ending Balance - - - - - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - - - - - -
Adjustments: - - - - - -
Add/(Deduct):
Prior Period Errors - - - - - -
Other Adjustments - - - - - -
Restated Balance - - - - - -
STOCKHOLDERS' EQUITY - - - - - -
SHARE CAPITAL
Beginning balance - - - - - -
Ending Balance - - - - - -
737
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
738
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
VFP
2017 2016
ACCUMULATED SURPLUS/(DEFICIT)
Beginning balance 583,481 414,638
Adjustments: - -
Add/(Deduct):
Changes in Accounting Policy - -
Prior Period Errors - -
Other Adjustments - -
Restated Balance 583,481 414,638
GOVERNMENT EQUITY
Beginning balance 10,157,232 10,157,232
Changes in Equity for the Year - -
Add/(Deduct):
Additional Capital from National
Government - -
Other Adjustments - -
Ending Balance 10,157,232 10,157,232
CONTRIBUTED CAPITAL
Beginning balance - -
Changes in Equity for the Year - -
Add/(Deduct):
Additional Capital from National
Government - -
Ending Balance - -
REVALUATION SURPLUS
Beginning balance - -
Changes in Equity for the Year - -
Add/(Deduct):
Other Adjustments - -
Ending Balance - -
RETAINED EARNINGS/(DEFICIT)
Beginning balance - -
Adjustments: - -
Add/(Deduct):
Prior Period Errors - -
Other Adjustments - -
Restated Balance - -
STOCKHOLDERS' EQUITY - -
SHARE CAPITAL
Beginning balance - -
Ending Balance - -
739
Cluster 6 - Social, Cultural, Trading, Promotional and Other Services
Statement of Changes in Net Assets/Equity
For the year ended December 31, 2017
(in thousand pesos)
VFP
2017 2016
740
STATEMENT OF
CASH FLOWS
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Collection of Income/Revenue 179,049,984 160,297,125 179,040,067 160,270,537 74,572,478 67,926,126
Receipt of Assistance/Subsidy 47,574 93,268 - - - -
Collection of Receivables 218,798,319 210,184,172 218,798,319 210,184,172 - -
Receipt of Intra-Agency Fund Transfers 56,033 - 56,033 - - -
Trust Receipts 195,489 24,118 195,489 24,118 - -
Other Receipts 385,166,588 337,177,633 385,164,887 337,176,146 10,091,805 37,911,813
Total Cash Inflows 783,313,987 707,776,315 783,254,794 707,654,972 84,664,283 105,837,939
Adjustments 1,230,465 2,499,219 1,230,465 2,499,219 - -
Adjusted Cash Inflows 784,544,452 710,275,534 784,485,259 710,154,191 84,664,283 105,837,939
Cash Outflows
Payment of Expenses 88,791,791 95,360,330 88,712,456 95,293,515 36,408,180 45,618,478
Purchase of Inventories 39,225 41,754 39,225 41,754 - -
Grant of Cash Advances 146,720 122,721 146,720 122,721 - -
Prepayments 22,390 22,504 22,390 22,504 - -
Refund of Deposits 1,371,999 2,233,205 1,371,999 2,233,205 - -
Payments of Accounts Payable 28,267,092 26,417,921 28,267,092 26,417,921 27,734,375 25,783,215
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 142,376 113,731 141,880 113,117 - -
Grant of Financial Assistance/Subsidy/
Contribution 56,504 2,050 56,504 2,050 - -
Release of Inter-Agency Fund Transfers 121,379 - 350 - - -
Release of Intra-Agency Fund Transfers - 2,324 - 2,324 - -
Release of Loans (Financial Institutions) 234,655,607 226,111,499 234,655,607 226,111,499 - -
Other Disbursements 258,803,660 279,865,365 258,803,660 279,865,365 21,326,315 130,742,576
Total Cash Outflows 612,418,742 630,293,402 612,217,881 630,225,973 85,468,869 202,144,269
Adjustments 1,976 - 1,976 - - -
Adjusted Cash Outflows 612,420,717 630,293,402 612,219,857 630,225,973 85,468,869 202,144,269
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property 584,528 549,248 584,528 549,248 - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment 165,362 90,349 165,362 90,349 - -
Sale of Investments 167,905,145 31,598,147 166,866,145 30,662,147 98,292 -
Receipt of Interest Earned 41,034 32,714 38,314 30,199 - -
Receipt of Cash Dividends 1,582,906 1,943,450 1,582,906 1,943,450 - -
Proceeds from Matured Investments/Redemption 99,704,449 80,969,780 99,700,860 80,925,611 - -
Collection of Long-Term Loans 11,679 6,169 11,679 6,169 - -
Total Cash Inflows 269,995,103 115,189,858 268,949,794 114,207,174 98,292 -
Adjustments (Please specify) 21,768,516 23,951,190 21,768,516 23,951,190 - -
Adjusted Cash Inflows 291,763,618 139,141,048 290,718,309 138,158,364 98,292 -
Cash Outflows
Purchase/Construction of Investment Property 134,917 137,846 134,917 137,846 - -
Purchase/Construction of Property, Plant
and Equipment 7,792,378 2,382,018 7,781,490 2,372,704 5,761,868 420,688
Purchase/Acquisition of Investments 423,213,332 321,805,158 422,164,031 320,826,863 886,863 833,063
Purchase of Intangible Assets 126,896 181,169 118,783 167,356 - -
Total Cash Outflows 431,267,523 324,506,190 430,199,222 323,504,769 6,648,731 1,253,751
Adjustments (Please specify) 5,000 5,959,890 5,000 5,959,890 - -
Adjusted Cash Outflows 431,272,523 330,466,080 430,204,222 329,464,659 6,648,731 1,253,751
741
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities 907,298,865 954,409,108 907,298,865 954,409,108 907,298,865 946,012,512
Proceeds from Issuance of Bonds and
Acceptances Payable 35 4,472 35 4,472 35 4,472
Proceeds from Domestic and Foreign Loans 148,796,350 167,330,926 148,796,350 167,330,926 - -
Proceeds from Issuance of Capital Stock and
other Equity Securities 3,463,137 11,872,029 3,457,304 11,872,029 - -
Total Cash Inflows 1,059,558,388 1,133,616,535 1,059,552,555 1,133,616,535 907,298,900 946,016,983
Adjustments (Please specify) 56,425 3,753,090 - 3,748,890 - -
Adjusted Cash Inflows 1,059,614,813 1,137,369,625 1,059,552,555 1,137,365,425 907,298,900 946,016,983
Cash Outflows
Payment of Long-Term Liabilities 916,113,786 1,012,791,019 916,113,786 1,012,791,019 764,009,125 827,026,785
Payment for Reacquisition of Capital Stock
and Other Equity Securities - 5,650,000 - 5,650,000 - -
Payment of Cash Dividends/Share of NG
to GOCCs Income 11,965,275 11,392,059 11,965,275 11,392,059 1,842,496 -
Total Cash Outflows 928,079,061 1,029,833,078 928,079,061 1,029,833,078 765,851,621 827,026,785
Adjustments (Please specify) 6,093,565 - 6,093,565 - - -
Adjusted Cash Outflows 934,172,626 1,029,833,078 934,172,626 1,029,833,078 765,851,621 827,026,785
CASH AND CASH EQUIVALENTS, JANUARY 1 975,202,305 819,520,020 975,015,686 819,372,778 425,970,600 245,547,240
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,158,366,066 975,202,305 1,158,281,848 975,015,686 587,863,423 425,970,600
742
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Collection of Income/Revenue 20,430,374 18,737,356 31,178 28,737 183,562 159,699
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 211,913,310 197,056,250 75,572 60,972 659,559 549,038
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 158,864 - 33,936 23,056
Other Receipts 168,803,298 96,939,730 518 333 - -
Total Cash Inflows 401,146,982 312,733,336 266,132 90,041 877,057 731,793
Adjustments - - - - - -
Adjusted Cash Inflows 401,146,982 312,733,336 266,132 90,041 877,057 731,793
Cash Outflows
Payment of Expenses 16,094,205 15,199,773 73,978 69,961 105,432 93,413
Purchase of Inventories - - 1,698 1,329 - -
Grant of Cash Advances - - 228 104 - -
Prepayments 224 - - - 12,065 14,653
Refund of Deposits - - - 97,668 - -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 14,491 14,626 1,522 1,887
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) 229,334,958 221,088,635 101,223 47,930 965,071 810,934
Other Disbursements 105,812,810 84,975,573 - - - -
Total Cash Outflows 351,242,197 321,263,981 191,618 231,617 1,084,091 920,886
Adjustments - - 1,976 - - -
Adjusted Cash Outflows 351,242,197 321,263,981 193,593 231,617 1,084,091 920,886
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property 125,284 460,627 - - - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment 143,402 88,791 - - 250 1,250
Sale of Investments 110,436,678 30,320,085 - - - -
Receipt of Interest Earned - - - - - -
Receipt of Cash Dividends - - - 963 - -
Proceeds from Matured Investments/Redemption 8,199,654 2,402,192 13,678 - - -
Collection of Long-Term Loans - - - - - -
Total Cash Inflows 118,905,018 33,271,695 13,678 963 250 1,250
Adjustments (Please specify) 21,768,394 23,950,425 - - - -
Adjusted Cash Inflows 140,673,412 57,222,120 13,678 963 250 1,250
Cash Outflows
Purchase/Construction of Investment Property 71,596 54,805 - - - -
Purchase/Construction of Property, Plant
and Equipment 577,038 783,034 474 1,532 715 1,701
Purchase/Acquisition of Investments 143,751,712 41,545,846 - 1,600 - -
Purchase of Intangible Assets 118,693 165,677 90 - - -
Total Cash Outflows 144,519,039 42,549,362 564 3,132 715 1,701
Adjustments (Please specify) - 5,959,890 - - - -
Adjusted Cash Outflows 144,519,039 48,509,252 564 3,132 715 1,701
743
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans 142,496,156 165,019,706 - - 790,000 287,000
Proceeds from Issuance of Capital Stock and
other Equity Securities - 5,000,000 - - - -
Total Cash Inflows 142,496,156 170,019,706 - - 790,000 287,000
Adjustments (Please specify) - 3,748,890 - - - -
Adjusted Cash Inflows 142,496,156 173,768,596 - - 790,000 287,000
Cash Outflows
Payment of Long-Term Liabilities 140,706,656 170,240,961 - - 576,628 93,897
Payment for Reacquisition of Capital Stock
and Other Equity Securities - 5,650,000 - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income 2,516,158 2,341,125 - - 8,646 6,713
Total Cash Outflows 143,222,814 178,232,086 - - 585,274 100,610
Adjustments (Please specify) 6,090,970 - - - - -
Adjusted Cash Outflows 149,313,784 178,232,086 - - 585,274 100,610
CASH AND CASH EQUIVALENTS, JANUARY 1 136,910,861 140,830,441 416,672 560,418 28,880 32,035
CASH AND CASH EQUIVALENTS, DECEMBER 31 174,032,327 136,910,861 502,324 416,672 26,107 28,880
744
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Collection of Income/Revenue 2 967 74 153 50,948,000 43,469,983
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 161,291 199,303 - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - - -
Other Receipts - - - - 203,204,216 200,507,650
Total Cash Inflows 2 967 161,365 199,456 254,152,216 243,977,633
Adjustments - - - - - -
Adjusted Cash Inflows 2 967 161,365 199,456 254,152,216 243,977,633
Cash Outflows
Payment of Expenses - - 116,498 169,028 33,265,802 31,469,713
Purchase of Inventories - - - - - -
Grant of Cash Advances - - - - - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable 2 6 34,316 13,883 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 234 904 - - - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements - - 192 - 126,105,305 59,333,888
Total Cash Outflows 236 910 151,005 182,910 159,371,107 90,803,601
Adjustments - - - - - -
Adjusted Cash Outflows 236 910 151,005 182,910 159,371,107 90,803,601
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - 459,244 88,621
Proceeds from Sale/Disposal of Property,
Plant and Equipment - - - - - -
Sale of Investments - 6,037 - - 56,331,175 325,844
Receipt of Interest Earned - - - - - -
Receipt of Cash Dividends 300 304 - - 1,582,606 1,942,183
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Total Cash Inflows 300 6,341 - - 58,373,024 2,356,649
Adjustments (Please specify) 117 748 - - - -
Adjusted Cash Inflows 417 7,089 - - 58,373,024 2,356,649
Cash Outflows
Purchase/Construction of Investment Property - - - - 63,321 83,041
Purchase/Construction of Property, Plant
and Equipment - - 669 3,396 1,377,635 1,083,684
Purchase/Acquisition of Investments 43,069 10,144 - - 165,195,779 173,825,400
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 43,069 10,144 669 3,396 166,636,735 174,992,126
Adjustments (Please specify) 5,000 - - - - -
Adjusted Cash Outflows 48,069 10,144 669 3,396 166,636,735 174,992,126
745
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities - - - - - 8,396,596
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - 3,457,304 6,852,029
Total Cash Inflows - - - - 3,457,304 15,248,625
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - 3,457,304 15,248,625
Cash Outflows
Payment of Long-Term Liabilities - - - - 5,424,874 10,500,000
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income - - 6,182 1,500 - 6,600,000
Total Cash Outflows - - 6,182 1,500 5,424,874 17,100,000
Adjustments (Please specify) - - 2,595 - - -
Adjusted Cash Outflows - - 8,776 1,500 5,424,874 17,100,000
CASH AND CASH EQUIVALENTS, JANUARY 1 48,938 51,935 29,848 18,198 410,081,148 431,260,471
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,052 48,938 30,762 29,848 394,056,929 410,081,148
746
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Collection of Income/Revenue 226,111 222,294 305,790 262,100 326,360 355,888
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 177,584 170,337 3,918 29,016 4,166,071 4,441,065
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts 1,611 213 - - - -
Other Receipts 1,628 2,805 393,618 353,228 - -
Total Cash Inflows 406,934 395,650 703,326 644,344 4,492,432 4,796,953
Adjustments - - 1,230,465 2,499,219 - -
Adjusted Cash Inflows 406,934 395,650 1,933,791 3,143,562 4,492,432 4,796,953
Cash Outflows
Payment of Expenses 142,441 130,750 37,693 35,642 295,033 332,208
Purchase of Inventories 37,179 40,154 348 271 - -
Grant of Cash Advances 6,321 9,840 - - 4,110 4,767
Prepayments 2,731 525 7,369 6,859 - -
Refund of Deposits 1,326 132 - - 96,579 168,113
Payments of Accounts Payable 5,818 9,852 5,976 9,186 526 179
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 72,944 66,457 720 580 51,903 28,601
Grant of Financial Assistance/Subsidy/
Contribution - - 404 2,050 - -
Release of Inter-Agency Fund Transfers - - - - 350 -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - 4,254,354 4,164,000
Other Disbursements 93,656 83,734 1,819,274 2,876,279 - -
Total Cash Outflows 362,417 341,443 1,871,784 2,930,866 4,702,855 4,697,868
Adjustments - - - - - -
Adjusted Cash Outflows 362,417 341,443 1,871,784 2,930,866 4,702,855 4,697,868
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment - - 4 59 21,486 249
Sale of Investments - - - - - -
Receipt of Interest Earned 4,285 3,036 34,029 27,163 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 737,436 770,649 2,593,114 10,383,784 - -
Collection of Long-Term Loans - - - - - -
Total Cash Inflows 741,721 773,684 2,627,146 10,411,006 21,486 249
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 741,721 773,684 2,627,146 10,411,006 21,486 249
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 3,129 4,014 2,823 6,480 6,609 95
Purchase/Acquisition of Investments 795,424 753,143 2,762,711 10,626,265 - -
Purchase of Intangible Assets - 1,679 - - - -
Total Cash Outflows 798,553 758,836 2,765,534 10,632,745 6,609 95
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 798,553 758,836 2,765,534 10,632,745 6,609 95
747
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - 5,510,194 2,024,220
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - 0 -
Total Cash Inflows - - - - 5,510,194 2,024,220
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - 5,510,194 2,024,220
Cash Outflows
Payment of Long-Term Liabilities - - - - 5,266,466 2,043,425
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - 0
Payment of Cash Dividends/Share of NG
to GOCCs Income 30,498 29,436 37,759 41,408 48,752 80,500
Total Cash Outflows 30,498 29,436 37,759 41,408 5,315,218 2,123,925
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 30,498 29,436 37,759 41,408 5,315,218 2,123,925
CASH AND CASH EQUIVALENTS, JANUARY 1 118,344 78,724 242,630 292,792 42,511 42,977
CASH AND CASH EQUIVALENTS, DECEMBER 31 75,531 118,344 128,649 242,630 41,940 42,511
748
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Collection of Income/Revenue 341,504 279,393 300 10,061 31,130,016 28,127,241
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 162,510 215,729 494,225 7,134,118
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 1,078 849 - -
Other Receipts 161 98 - 1,409 - -
Total Cash Inflows 341,666 279,491 163,888 228,048 31,624,241 35,261,359
Adjustments - - - - - -
Adjusted Cash Inflows 341,666 279,491 163,888 228,048 31,624,241 35,261,359
Cash Outflows
Payment of Expenses 17,565 9,611 160,350 216,051 1,602,967 1,502,907
Purchase of Inventories - - - - - -
Grant of Cash Advances - - - - 105,145 107,052
Prepayments - - - - - -
Refund of Deposits - - - - 1,274,094 1,967,292
Payments of Accounts Payable 280,255 258,295 - - 69,053 162,617
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - - 67 63
Grant of Financial Assistance/Subsidy/
Contribution - - - - 56,100 -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements 0 0 - - - -
Total Cash Outflows 297,821 267,906 160,350 216,051 3,107,426 3,739,931
Adjustments - - - - - -
Adjusted Cash Outflows 297,821 267,906 160,350 216,051 3,107,426 3,739,931
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment 220 - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - 16,729 - - 88,156,979 67,352,257
Collection of Long-Term Loans - - - - - -
Total Cash Inflows 220 16,729 - - 88,156,979 67,352,257
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 220 16,729 - - 88,156,979 67,352,257
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 3,090 573 3,899 9,127 19,339 18,672
Purchase/Acquisition of Investments - - - - 108,728,473 93,231,402
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 3,090 573 3,899 9,127 108,747,812 93,250,074
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 3,090 573 3,899 9,127 108,747,812 93,250,074
749
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - 90,036 2,885,951
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income 13,560 12,816 - - 7,461,225 2,278,561
Total Cash Outflows 13,560 12,816 - - 7,551,261 5,164,512
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 13,560 12,816 - - 7,551,261 5,164,512
CASH AND CASH EQUIVALENTS, JANUARY 1 59,358 44,434 7,457 4,586 960,522 501,487
CASH AND CASH EQUIVALENTS, DECEMBER 31 86,772 59,358 7,096 7,457 1,335,140 960,522
750
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Collection of Income/Revenue 544,319 690,538 9,917 26,588 1,155 1,448
Receipt of Assistance/Subsidy - - 47,574 93,268 - -
Collection of Receivables 984,278 328,345 - - - -
Receipt of Intra-Agency Fund Transfers 56,033 - - - - -
Trust Receipts - - - - - -
Other Receipts 2,669,641 1,459,081 1,701 1,487 - -
Total Cash Inflows 4,254,272 2,477,963 59,192 121,343 1,155 1,448
Adjustments - - - - - -
Adjusted Cash Inflows 4,254,272 2,477,963 59,192 121,343 1,155 1,448
Cash Outflows
Payment of Expenses 392,312 445,981 79,335 66,815 3,548 4,929
Purchase of Inventories - - - - - -
Grant of Cash Advances 30,915 957 - - - -
Prepayments - 467 - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable 136,771 180,689 - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 496 615 496 615
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 121,029 - 121,029 -
Release of Intra-Agency Fund Transfers - 2,324 - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements 3,646,107 1,853,315 - - - -
Total Cash Outflows 4,206,105 2,483,733 200,860 67,429 125,072 5,543
Adjustments - - - - - -
Adjusted Cash Outflows 4,206,105 2,483,733 200,860 67,429 125,072 5,543
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment - - - - - -
Sale of Investments - 10,181 1,039,000 936,000 1,039,000 936,000
Receipt of Interest Earned - - 2,721 2,515 1,799 1,597
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - 3,588 44,169 441 -
Collection of Long-Term Loans 11,679 6,169 - - - -
Total Cash Inflows 11,679 16,350 1,045,309 982,684 1,041,240 937,597
Adjustments (Please specify) 5 17 - - - -
Adjusted Cash Inflows 11,683 16,367 1,045,309 982,684 1,041,240 937,597
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 24,202 39,707 10,888 9,314 - -
Purchase/Acquisition of Investments - - 1,049,301 978,295 1,039,000 936,000
Purchase of Intangible Assets - - 8,113 13,813 - -
Total Cash Outflows 24,202 39,707 1,068,301 1,001,421 1,039,000 936,000
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 24,202 39,707 1,068,301 1,001,421 1,039,000 936,000
751
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - 20,000 5,833 - - -
Total Cash Inflows - 20,000 5,833 - - -
Adjustments (Please specify) - - 56,425 4,200 56,425 4,200
Adjusted Cash Inflows - 20,000 62,258 4,200 56,425 4,200
Cash Outflows
Payment of Long-Term Liabilities 40,000 - - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income - - - - - -
Total Cash Outflows 40,000 - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 40,000 - - - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 97,920 107,039 186,619 147,242 90,725 89,023
CASH AND CASH EQUIVALENTS, DECEMBER 31 93,797 97,920 84,217 186,619 25,472 90,725
752
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
CIC LCDFI
2017 2016 2017 2016
Cash Inflows
Collection of Income/Revenue 1,520 4,483 7,242 20,657
Receipt of Assistance/Subsidy 47,574 93,268 - -
Collection of Receivables - - - -
Receipt of Intra-Agency Fund Transfers - - - -
Trust Receipts - - - -
Other Receipts 126 319 1,575 1,169
Total Cash Inflows 49,220 98,070 8,817 21,825
Adjustments - - - -
Adjusted Cash Inflows 49,220 98,070 8,817 21,825
Cash Outflows
Payment of Expenses 48,791 41,150 26,997 20,736
Purchase of Inventories - - - -
Grant of Cash Advances - - - -
Prepayments - - - -
Refund of Deposits - - - -
Payments of Accounts Payable - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - -
Grant of Financial Assistance/Subsidy/
Contribution - - - -
Release of Inter-Agency Fund Transfers - - - -
Release of Intra-Agency Fund Transfers - - - -
Release of Loans (Financial Institutions) - - - -
Other Disbursements - - - -
Total Cash Outflows 48,791 41,150 26,997 20,736
Adjustments - - - -
Adjusted Cash Outflows 48,791 41,150 26,997 20,736
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - -
Proceeds from Sale/Disposal of Property,
Plant and Equipment - - - -
Sale of Investments - - - -
Receipt of Interest Earned 223 110 698 809
Receipt of Cash Dividends - - - -
Proceeds from Matured Investments/Redemption - - 3,147 44,169
Collection of Long-Term Loans - - - -
Total Cash Inflows 223 110 3,846 44,977
Adjustments (Please specify) - - - -
Adjusted Cash Inflows 223 110 3,846 44,977
Cash Outflows
Purchase/Construction of Investment Property - - - -
Purchase/Construction of Property, Plant
and Equipment 10,721 9,072 166 242
Purchase/Acquisition of Investments - - 10,301 42,295
Purchase of Intangible Assets 8,113 13,813 - -
Total Cash Outflows 18,834 22,884 10,467 42,537
Adjustments (Please specify) - - - -
Adjusted Cash Outflows 18,834 22,884 10,467 42,537
753
Cluster 1 - Banking and Credit
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
CIC LCDFI
2017 2016 2017 2016
Cash Inflows
Proceeds from Incurrence of Financial
Liabilities - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - -
Proceeds from Domestic and Foreign Loans - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities 5,833 - - -
Total Cash Inflows 5,833 - - -
Adjustments (Please specify) - - - -
Adjusted Cash Inflows 5,833 - - -
Cash Outflows
Payment of Long-Term Liabilities - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income - - - -
Total Cash Outflows - - - -
Adjustments (Please specify) - - - -
Adjusted Cash Outflows - - - -
754
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 28,557 29,054 28,557 29,054 - -
Collection of Income/Revenue 320,858,363 296,225,797 320,620,171 295,938,724 648,590 583,372
Receipt of Assistance/Subsidy 21,244,199 12,400,464 1,686,920 360,360 - -
Collection of Receivables 61,498,004 57,594,310 51,214,283 47,240,425 60,331 2,275,782
Receipt of Inter-Agency Fund Transfers 2,347,167 3,120,995 2,347,167 3,120,995 - -
Receipt of Intra-Agency Fund Transfers 1,031 1,249 1,031 1,249 - -
Trust Receipts 1,016,744 642,968 1,016,554 642,832 - -
Other Receipts 2,923,312 1,943,483 2,898,015 1,936,920 59,459 -
Total Cash Inflows 409,917,377 371,958,321 379,812,697 349,270,560 768,379 2,859,154
Adjustments 51,693 167,490 51,693 167,490 - -
Adjusted Cash Inflows 409,969,070 372,125,811 379,864,390 349,438,051 768,379 2,859,154
Cash Outflows
Payment of Expenses 22,631,452 22,937,660 21,152,543 21,213,822 - -
Purchase of Inventories 318,847 307,506 318,847 307,506 - -
Grant of Cash Advances 2,434 8,104 2,434 8,104 - -
Prepayments 14,362,025 15,357,756 122,227 136,956 - -
Refund of Deposits 18,040 368 18,040 368 - -
Payments of Accounts Payable 97,278,914 88,099,842 97,272,694 88,087,180 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 12,949,628 13,588,759 3,993,606 3,796,134 - -
Grant of Financial Assistance/Subsidy/
Contribution 52,885 92,062 52,885 92,062 - -
Release of Inter-Agency Fund Transfers 18,260 19,622 18,260 19,622 - -
Release of Loans (Financial Institutions) 88,358,145 82,064,576 88,358,145 82,064,576 - -
Other Disbursements 181,238,491 139,867,310 180,775,800 138,797,165 455,459 422,587
Total Cash Outflows 417,229,121 362,343,566 392,085,480 334,523,496 455,459 422,587
Adjustments 275,290 298,122 275,290 298,122 238,579 244,823
Adjusted Cash Outflows 417,504,410 362,641,687 392,360,770 334,821,618 694,038 667,410
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property 586,551 652,312 586,551 652,312 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 2,409 6,337 2,409 6,337 - -
Sale of Investments 43,463,378 59,636,012 42,870,313 59,636,012 35,364 285,281
Receipt of Interest Earned 47,352,750 43,266,009 47,347,825 43,261,843 - -
Receipt of Cash Dividends 3,679,531 3,426,107 3,679,531 3,426,107 - -
Proceeds from Matured Investments/Redemption 205,714,690 250,505,218 205,714,690 250,505,218 - -
Collection of Long-Term Loans 126,809,892 115,137,544 126,809,892 115,137,396 - -
Proceeds from Sale of Other Assets 859 - 859 - 859 -
Total Cash Inflows 427,610,061 472,629,540 427,012,070 472,625,225 36,223 285,281
Adjustments (Please specify) 3,026,996 7 3,026,996 7 - -
Adjusted Cash Inflows 430,637,057 472,629,547 430,039,066 472,625,232 36,223 285,281
Cash Outflows
Purchase/Construction of Investment Property 1,062 2,501 1,062 2,501 - -
Purchase/Construction of Property, Plant
and Equipment 899,773 1,730,409 842,659 1,670,667 209 464
Purchase/Acquisition of Investments 285,903,588 389,841,724 285,210,083 389,429,770 85,211 1,498,176
Purchase of Intangible Assets 54,640 136,175 54,640 136,175 - -
Grant of Loans 132,410,372 142,574,585 132,410,372 142,574,585 - -
Total Cash Outflows 419,269,436 534,285,395 418,518,816 533,813,699 85,421 1,498,640
755
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Issuance of Bonds and
Acceptances Payable - 435,290 - 435,290 - -
Proceeds from Domestic and Foreign Loans 972,183 1,010,869 972,183 1,010,869 - -
Equity/Contribution from National Government 36,107,447 37,248,539 36,107,447 37,248,539 80 419,231
Proceeds from Issuance of Capital Stock and
other Equity Securities 12,750 11,246 12,750 11,246 - -
Total Cash Inflows 37,092,380 38,705,943 37,092,380 38,705,943 80 419,231
Adjusted Cash Inflows 37,092,380 38,705,943 37,092,380 38,705,943 80 419,231
Cash Outflows
Payment of Long-Term Liabilities 2,486,302 1,387,152 2,486,302 1,387,151 - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable 135,170 230,855 135,170 230,855 - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities 10,563,353 11,987,998 10,563,353 11,987,998 404,478 763,265
Payment of Interest on Loans and Other
Financial Charges 545,985 458,992 545,985 458,992 167,782 161,979
Payment of Cash Dividends/Share of NG
to GOCCs Income 530,524 518,551 366,854 350,228 - -
Total Cash Outflows 14,261,335 14,583,549 14,097,665 14,415,224 572,259 925,244
Adjustments (Please specify) 20,174 83,717 20,174 83,717 - -
Adjusted Cash Outflows 14,281,509 14,667,266 14,117,839 14,498,941 572,259 925,244
CASH AND CASH EQUIVALENTS, JANUARY 1 52,572,741 85,764,013 45,561,293 72,984,550 588,792 117,322
CASH AND CASH EQUIVALENTS, DECEMBER 31 77,989,089 52,572,741 66,332,902 45,561,293 41,756 588,792
756
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 28,557 29,054 - - - -
Collection of Income/Revenue - - 107,232,876 96,741,046 33,503,034 30,776,008
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 6,688 8,558 1,048,667 1,253,341 46,206,426 39,590,994
Receipt of Inter-Agency Fund Transfers - - 82,693 117,729 - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 492,942 148,269 - -
Other Receipts 306 70 52,129 38,011 2,559,916 1,656,168
Total Cash Inflows 35,551 37,682 108,909,307 98,298,396 82,269,377 72,023,171
Adjustments - - 50,435 33,676 - -
Adjusted Cash Inflows 35,551 37,682 108,959,743 98,332,072 82,269,377 72,023,171
Cash Outflows
Payment of Expenses 19,328 19,826 3,122,544 3,468,198 7,064,171 7,138,154
Purchase of Inventories 835 993 74,458 73,704 227,201 214,876
Grant of Cash Advances 1,580 1,228 - - - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - 97,272,694 88,087,180 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 3,860 3,600 2,327,065 2,404,819 1,491,706 1,247,952
Grant of Financial Assistance/Subsidy/
Contribution - - 52,885 92,062 - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - 86,069,251 80,302,510
Other Disbursements 231 244 1,218,880 615,051 5,614,602 1,721,625
Total Cash Outflows 25,834 25,890 104,068,526 94,741,014 100,466,930 90,625,117
Adjustments - - 33,676 52,956 - -
Adjusted Cash Outflows 25,834 25,890 104,102,201 94,793,970 100,466,930 90,625,117
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - 70,706 34,234 512,696 613,008
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - 2,274 6,337
Sale of Investments 20,761 11,435 29,298,145 38,955,567 7,088,519 13,205,893
Receipt of Interest Earned - - 47,234,864 43,107,191 - -
Receipt of Cash Dividends - - 3,679,301 3,425,958 231 149
Proceeds from Matured Investments/Redemption - - 85,071,691 68,198,181 104,183,549 179,159,902
Collection of Long-Term Loans - - 126,809,892 115,137,396 - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 20,761 11,435 292,164,600 268,858,527 111,787,269 192,985,289
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 20,761 11,435 292,164,600 268,858,527 111,787,269 192,985,289
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 580 1,573 296,922 485,395 312,025 248,224
Purchase/Acquisition of Investments 24,164 17,499 154,977,887 176,556,801 113,462,665 199,455,148
Purchase of Intangible Assets - - - - 38,792 372
Grant of Loans - - 132,402,172 118,658,490 - -
Total Cash Outflows 24,744 19,072 287,676,981 295,700,686 113,813,483 199,703,743
757
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Equity/Contribution from National Government - - - - 33,710,936 35,960,598
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - 33,710,936 35,960,598
Adjusted Cash Inflows - - - - 33,710,936 35,960,598
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - 9,943,955 10,994,374
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income 6,500 2,000 - - - -
Total Cash Outflows 6,500 2,000 - - 9,943,955 10,994,374
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 6,500 2,000 - - 9,943,955 10,994,374
CASH AND CASH EQUIVALENTS, JANUARY 1 6,335 4,180 15,678,183 38,973,066 4,666,192 5,008,230
CASH AND CASH EQUIVALENTS, DECEMBER 31 5,569 6,335 25,062,127 15,678,183 8,221,684 4,666,192
758
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 1,706,880 1,333,901 33,378 54,135 956,375 928,841
Receipt of Assistance/Subsidy - - - - - 360,360
Collection of Receivables 182,003 182,854 1,781,883 1,879,085 6,432 5,492
Receipt of Inter-Agency Fund Transfers - - - - 2,259,704 2,994,268
Receipt of Intra-Agency Fund Transfers - - 1,031 1,249 - -
Trust Receipts 81,346 76,740 286,693 284,700 155,294 131,886
Other Receipts 191,864 153,954 738 - 4,151 1,647
Total Cash Inflows 2,162,094 1,747,449 2,103,724 2,219,169 3,381,956 4,422,494
Adjustments 1,225 130,780 - - - -
Adjusted Cash Inflows 2,163,319 1,878,228 2,103,724 2,219,169 3,381,956 4,422,494
Cash Outflows
Payment of Expenses 505,178 385,205 536,154 483,192 316,905 356,036
Purchase of Inventories 9,888 11,429 3,086 2,294 3,380 4,211
Grant of Cash Advances - - 700 6,330 - -
Prepayments 48,458 19,318 - - 58,749 61,537
Refund of Deposits - - - - 16,190 222
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 59,543 67,220 - - 108,564 67,951
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 299 261 17,961 19,091
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements 36,484 44,111 567,594 903,149 2,152,517 2,029,165
Total Cash Outflows 659,551 527,283 1,107,833 1,395,225 2,674,265 2,538,213
Adjustments - - - - - -
Adjusted Cash Outflows 659,551 527,283 1,107,833 1,395,225 2,674,265 2,538,213
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - 5,400,071 6,422,986 - -
Receipt of Interest Earned 310 4,373 49,542 78,672 63,108 71,607
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - 491 - - 802,108 -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 310 4,864 5,449,614 6,501,658 865,216 71,607
Adjustments (Please specify) - - - - 3,026,996 -
Adjusted Cash Inflows 310 4,864 5,449,614 6,501,658 3,892,212 71,607
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 8,561 3,094 31,835 69,854 22,645 591,790
Purchase/Acquisition of Investments 71,703 43,370 7,202,374 7,914,757 4,977,625 -
Purchase of Intangible Assets 1,197 - 268 - - -
Grant of Loans - - - - 8,200 5,340
Total Cash Outflows 81,461 46,464 7,234,477 7,984,611 5,008,470 597,130
759
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Issuance of Bonds and
Acceptances Payable - - - 435,290 - -
Proceeds from Domestic and Foreign Loans - - - - - -
Equity/Contribution from National Government - - 2,226,700 750,000 - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - 2,226,700 1,185,290 - -
Adjusted Cash Inflows - - 2,226,700 1,185,290 - -
Cash Outflows
Payment of Long-Term Liabilities 1,100,000 - 351,360 466,584 9,873 9,828
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable 135,170 230,855 - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges 200,594 100,760 75,489 88,651 5,045 5,403
Payment of Cash Dividends/Share of NG
to GOCCs Income 120,895 210,456 154,746 68,693 84,713 69,080
Total Cash Outflows 1,556,659 542,070 581,595 623,927 99,631 84,311
Adjustments (Please specify) - - - - 20,174 83,717
Adjusted Cash Outflows 1,556,659 542,070 581,595 623,927 119,806 168,029
CASH AND CASH EQUIVALENTS, JANUARY 1 2,430,722 4,517,112 954,807 1,052,452 2,669,565 3,703,881
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,018,815 2,430,722 1,810,939 954,807 2,141,192 2,669,565
760
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 10,716 1,275 298,038 282,346 176,088,966 165,072,318
Receipt of Assistance/Subsidy - - 1,686,920 - - -
Collection of Receivables 54,646 62,660 1,809,266 1,819,519 - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts 56 191 - - - -
Other Receipts 1,183 738 17,704 36,440 - -
Total Cash Inflows 66,601 64,865 3,811,928 2,138,304 176,088,966 165,072,318
Adjustments 32 3,035 - - - -
Adjusted Cash Inflows 66,633 67,900 3,811,928 2,138,304 176,088,966 165,072,318
Cash Outflows
Payment of Expenses 49,626 54,366 232,418 196,729 9,161,586 8,968,782
Purchase of Inventories - - - - - -
Grant of Cash Advances - - - - - -
Prepayments 293 14,011 11,490 35,867 - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 2,869 4,593 - - - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - 2,288,894 1,762,066 - -
Other Disbursements 1,231 1,159 - - 170,684,504 132,977,719
Total Cash Outflows 54,018 74,129 2,532,802 1,994,662 179,846,091 141,946,501
Adjustments 3,035 343 - - - -
Adjusted Cash Outflows 57,053 74,472 2,532,802 1,994,662 179,846,091 141,946,501
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - 3,149 5,071 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 135 - - -
Sale of Investments - - 1,027,452 754,849 - -
Receipt of Interest Earned - - - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 12,957,657 -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 1,030,736 759,920 12,957,657 -
Adjustments (Please specify) - 7 - - - -
Adjusted Cash Inflows - 7 1,030,736 759,920 12,957,657 -
Cash Outflows
Purchase/Construction of Investment Property - - 1,062 2,501 - -
Purchase/Construction of Property, Plant
and Equipment 82 222 4,471 3,780 163,204 260,379
Purchase/Acquisition of Investments - - 1,484,521 891,927 - -
Purchase of Intangible Assets - - - - 14,382 135,727
Grant of Loans - - - - - 23,910,755
Total Cash Outflows 82 222 1,490,054 898,208 177,586 24,306,861
761
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - 972,183 1,010,869 - -
Equity/Contribution from National Government - - - - 169,731 118,710
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - 12,750 11,246
Total Cash Inflows - - 972,183 1,010,869 182,481 129,956
Adjusted Cash Inflows - - 972,183 1,010,869 182,481 129,956
Cash Outflows
Payment of Long-Term Liabilities - - 982,319 865,739 - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - 214,921 230,360
Payment of Interest on Loans and Other
Financial Charges - - 52,778 54,455 - -
Payment of Cash Dividends/Share of NG
to GOCCs Income - - - - - -
Total Cash Outflows - - 1,035,097 920,194 214,921 230,360
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 1,035,097 920,194 214,921 230,360
CASH AND CASH EQUIVALENTS, JANUARY 1 20,543 27,331 251,939 155,909 17,830,920 19,112,368
CASH AND CASH EQUIVALENTS, DECEMBER 31 30,041 20,543 1,008,833 251,939 26,821,426 17,830,920
762
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 141,317 165,483 238,191 287,072 102,294 126,390
Receipt of Assistance/Subsidy - - 19,557,279 12,040,104 - -
Collection of Receivables 57,941 162,140 10,283,722 10,353,885 16,393 14,333
Receipt of Inter-Agency Fund Transfers 4,770 8,999 - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts 221 1,046 190 136 - -
Other Receipts 10,564 49,892 25,298 6,563 2,295 1,745
Total Cash Inflows 214,813 387,559 30,104,680 22,687,760 120,982 142,468
Adjustments - - - - - -
Adjusted Cash Inflows 214,813 387,559 30,104,680 22,687,760 120,982 142,468
Cash Outflows
Payment of Expenses 144,633 143,335 1,478,909 1,723,838 139,263 99,839
Purchase of Inventories - - - - - -
Grant of Cash Advances 154 546 - - - -
Prepayments 3,237 6,224 14,239,798 15,220,800 - -
Refund of Deposits 1,850 146 - - - -
Payments of Accounts Payable - - 6,221 12,662 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 8,956,022 9,792,625 - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - 270 - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements 44,297 82,356 462,691 1,070,145 - -
Total Cash Outflows 194,172 232,876 25,143,641 27,820,070 139,263 99,839
Adjustments - - - - - -
Adjusted Cash Outflows 194,172 232,876 25,143,641 27,820,070 139,263 99,839
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - 593,065 - 434,923 -
Receipt of Interest Earned - - 4,926 4,166 3,268 4,166
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 2,699,685 3,146,644 - - - -
Collection of Long-Term Loans - - - 148 - 148
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 2,699,685 3,146,644 597,991 4,315 438,191 4,315
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 2,699,685 3,146,644 597,991 4,315 438,191 4,315
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 2,123 5,893 57,114 59,742 6,481 1,068
Purchase/Acquisition of Investments 2,923,934 3,052,091 693,505 411,954 427,497 411,954
Purchase of Intangible Assets - 76 - - - -
Grant of Loans - - - - - -
Total Cash Outflows 2,926,057 3,058,061 750,619 471,696 433,978 413,022
763
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities 42,750 45,000 - 1 - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges 44,298 47,743 - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income - - 163,670 168,323 - -
Total Cash Outflows 87,048 92,743 163,670 168,325 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 87,048 92,743 163,670 168,325 - -
CASH AND CASH EQUIVALENTS, JANUARY 1 463,295 312,700 7,011,448 12,779,463 25,950 392,028
CASH AND CASH EQUIVALENTS, DECEMBER 31 170,519 463,295 11,656,188 7,011,448 11,882 25,950
764
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated)
Cash Inflows
Proceeds from Sale of Goods and Services - - - -
Collection of Income/Revenue - - 135,897 160,682
Receipt of Assistance/Subsidy 19,557,279 12,040,104 - -
Collection of Receivables 10,261,630 10,333,050 5,699 6,502
Receipt of Inter-Agency Fund Transfers - - - -
Receipt of Intra-Agency Fund Transfers - - - -
Trust Receipts - - 190 136
Other Receipts 17,636 189 5,367 4,630
Total Cash Inflows 29,836,546 22,373,342 147,152 171,950
Adjustments - - - -
Adjusted Cash Inflows 29,836,546 22,373,342 147,152 171,950
Cash Outflows
Payment of Expenses 1,245,964 1,533,731 93,682 90,268
Purchase of Inventories - - - -
Grant of Cash Advances - - - -
Prepayments 14,239,368 15,220,164 429 636
Refund of Deposits - - - -
Payments of Accounts Payable - - 6,221 12,662
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 8,937,574 9,771,446 18,449 21,179
Grant of Financial Assistance/Subsidy/
Contribution - - - -
Release of Inter-Agency Fund Transfers - - - -
Release of Loans (Financial Institutions) - - - -
Other Disbursements 461,483 1,070,784 1,208 (638)
Total Cash Outflows 24,884,389 27,596,124 119,989 124,107
Adjustments - - - -
Adjusted Cash Outflows 24,884,389 27,596,124 119,989 124,107
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - -
Sale of Investments 158,142 - - -
Receipt of Interest Earned - - 1,657 -
Receipt of Cash Dividends - - - -
Proceeds from Matured Investments/Redemption - - - -
Collection of Long-Term Loans - - - -
Proceeds from Sale of Other Assets - - - -
Total Cash Inflows 158,142 - 1,657 -
Adjustments (Please specify) - - - -
Adjusted Cash Inflows 158,142 - 1,657 -
Cash Outflows
Purchase/Construction of Investment Property - - - -
Purchase/Construction of Property, Plant
and Equipment 20,077 41,045 30,556 17,629
Purchase/Acquisition of Investments - - 266,008 -
Purchase of Intangible Assets - - - -
Grant of Loans - - - -
Total Cash Outflows 20,077 41,045 296,565 17,629
765
Cluster 2 - Social Security Services and Housing
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
NHA OSHC
2017 2016 2017 2016
(Restated)
Cash Inflows
Proceeds from Issuance of Bonds and
Acceptances Payable - - - -
Proceeds from Domestic and Foreign Loans - - - -
Equity/Contribution from National Government - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - -
Total Cash Inflows - - - -
Adjusted Cash Inflows - - - -
Cash Outflows
Payment of Long-Term Liabilities - 1 - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - -
Payment of Interest on Loans and Other
Financial Charges - - - -
Payment of Cash Dividends/Share of NG
to GOCCs Income 163,670 168,323 - -
Total Cash Outflows 163,670 168,325 - -
Adjustments (Please specify) - - - -
Adjusted Cash Outflows 163,670 168,325 - -
766
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 10,655,880 7,461,607 9,554,282 7,229,598 3,533,045 1,559,814
Collection of Income/Revenue 114,728,773 111,797,908 37,544,442 35,981,303 1,539 1,908
Receipt of Assistance/Subsidy 4,941,681 7,097,937 18,044 10,573 - -
Collection of Receivables 71,249,871 69,410,078 6,538,985 6,157,801 36,998 26,956
Receipt of Inter-Agency Fund Transfers 128,401 1,977,806 54,370 55,047 - -
Receipt of Intra-Agency Fund Transfers 788,618 913,964 92,304 142,653 - -
Trust Receipts 12,250,990 8,304,842 3,606,274 4,950,985 - -
Other Receipts 7,322,051 4,774,234 6,247,973 3,864,005 504,746 480,848
Total Cash Inflows 222,066,266 211,738,377 63,656,675 58,391,965 4,076,328 2,069,526
Adjustments 266,045 216,632 212,759 101,451 - -
Adjusted Cash Inflows 222,332,312 211,955,009 63,869,434 58,493,416 4,076,328 2,069,526
Cash Outflows
Payment of Expenses 85,603,081 84,055,713 23,638,754 21,054,650 54,092 93,862
Purchase of Inventories 5,341,653 4,786,784 2,088,627 2,256,094 - -
Grant of Cash Advances 600,544 658,886 534,494 581,900 - -
Prepayments 3,912,046 2,410,459 3,911,002 2,409,479 - -
Refund of Deposits 84,689 89,765 41,852 36,626 - -
Payments of Accounts Payable 8,489,358 7,862,278 5,459,522 3,859,876 3,371,869 1,828,830
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 5,846,706 6,829,193 3,612,174 3,309,478 85,431 152,464
Grant of Financial Assistance/Subsidy/
Contribution 5,192,950 3,808,779 4 7,130 - -
Release of Inter-Agency Fund Transfers 2,532,269 2,864,463 130,425 97,409 - -
Release of Intra-Agency Fund Transfers 5,549,038 1,730,393 580,114 679,510 - -
Release of Loans (Financial Institutions) - 526 - 526 - -
Other Disbursements 15,660,683 11,648,031 4,197,883 4,508,343 360,753 51,009
Total Cash Outflows 138,813,017 126,745,270 44,194,851 38,801,020 3,872,145 2,126,166
Adjustments 226,481 726,776 260,722 80,428 235,865 -
Adjusted Cash Outflows 139,039,498 127,472,046 44,455,573 38,881,449 4,108,009 2,126,166
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property 2,591 18,047 2,591 18,047 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 182,095 94,091 24,579 30,961 - -
Sale of Investments 238,744 1,196,785 238,744 1,196,785 - -
Receipt of Interest Earned 562,445 407,129 333,553 259,850 282 266
Receipt of Cash Dividends 139,468 434,041 139,468 434,041 99,638 29,406
Proceeds from Matured Investments/Redemption 15,348,763 1,519,488 1,690,473 1,360,129 - -
Collection of Long-Term Loans 111,423 858,165 1,111 8,810 - -
Proceeds from Sale of Other Assets 8,391 19,876 7,800 18,814 - -
Total Cash Inflows 16,593,922 4,547,622 2,438,321 3,327,438 99,920 29,672
Adjustments (Please specify) 618,331 391,358 275,190 45,236 - -
Adjusted Cash Inflows 17,212,253 4,938,980 2,713,511 3,372,674 99,920 29,672
Cash Outflows
Purchase/Construction of Investment Property 83,672 580,892 15,512 16,584 - -
Purchase/Construction of Property, Plant
and Equipment 11,844,208 12,020,890 9,336,058 9,804,222 3,667 49,120
Purchase/Acquisition of Investments 20,556,410 3,342,658 8,446,568 2,559,640 - -
Purchase of Intangible Assets 5,462 2,027 5,462 2,027 - -
Grant of Loans 504,725 299,419 - 45 - -
Total Cash Outflows 32,994,477 16,245,886 17,803,600 12,382,518 3,667 49,120
Adjustments (Please specify) 1,114,232 1,032,273 1,114,157 1,032,273 - -
767
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities 594 1,686 594 1,686 - -
Proceeds from Issuance of Bonds and
Acceptances Payable 58 52 58 52 - -
Proceeds from Domestic and Foreign Loans 16,864,711 2,752,454 1,825,864 2,061,578 - 14,910
Equity/Contribution from National Government 4,058,458 14,176,570 23,397 17,746 - -
Total Cash Inflows 20,923,821 16,930,763 1,849,913 2,081,062 - 14,910
Adjustments (Please specify) 86,707 58,918 86,649 58,918 - -
Adjusted Cash Inflows 21,010,528 16,989,680 1,936,563 2,139,980 - 14,910
Cash Outflows
Payment of Long-Term Liabilities 49,762,668 33,958,035 2,760,965 3,342,526 3,402 33,942
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable 21,388,835 38,728,563 3,873 1 - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities 38 367 38 367 - -
Payment of Interest on Loans and Other
Financial Charges 18,948,240 21,091,504 497,061 565,569 283 1,147
Payment of Cash Dividends/Share of NG to
GOCCs Income 4,950,921 4,321,562 2,908,821 3,490,535 - -
Total Cash Outflows 95,050,702 98,100,032 6,170,759 7,398,997 3,685 35,089
Adjustments (Please specify) 25,043 24,142 24,981 24,017 - -
Adjusted Cash Outflows 95,075,745 98,124,174 6,195,740 7,423,015 3,685 35,089
CASH AND CASH EQUIVALENTS, JANUARY 1 78,729,383 87,618,576 21,420,060 16,997,963 103,676 199,943
CASH AND CASH EQUIVALENTS, DECEMBER 31 71,057,566 78,729,383 20,368,223 21,420,060 164,562 103,676
768
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 1,768,933 1,846,779 336,149 306,869 119,815 103,610
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 70 15 40,815 9,013 799 3,261
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts 14,174 117,982 4,999 3,047 513 -
Other Receipts 2,336 2,755 46,905 63,784 5,716 7,997
Total Cash Inflows 1,785,513 1,967,531 428,869 382,713 126,843 114,868
Adjustments - - 135 - - -
Adjusted Cash Inflows 1,785,513 1,967,531 429,004 382,713 126,843 114,868
Cash Outflows
Payment of Expenses 490,156 485,088 205,445 204,445 61,127 60,780
Purchase of Inventories - - - - - -
Grant of Cash Advances 4,306 5,474 5,409 7,702 1,432 1,772
Prepayments - - 16,058 50,814 5 41
Refund of Deposits - - 4,373 329 242 -
Payments of Accounts Payable 101,154 90,298 1,440 4,971 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 404,013 377,501 18,705 21,045 22,703 12,887
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 24,478 23,626 - -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements (817) 6,704 - 385 - -
Total Cash Outflows 998,813 965,066 275,908 313,317 85,509 75,481
Adjustments (74,592) (8,389) 11,597 2,598 - 134
Adjusted Cash Outflows 924,221 956,677 287,505 315,915 85,509 75,615
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - 2,246 10,000 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - 211,337 221,877 11,025 5,272
Receipt of Cash Dividends - - 7,336 372,094 - -
Proceeds from Matured Investments/Redemption - - 839,338 488,050 - -
Collection of Long-Term Loans 106 3,444 - - - -
Proceeds from Sale of Other Assets - - 184 - - -
Total Cash Inflows 106 3,444 1,060,440 1,092,021 11,025 5,272
Adjustments (Please specify) - - 1,898 - - -
Adjusted Cash Inflows 106 3,444 1,062,338 1,092,021 11,025 5,272
Cash Outflows
Purchase/Construction of Investment Property - - 580 2,565 - -
Purchase/Construction of Property, Plant
and Equipment 507,208 388,639 7,200 8,772 433 3,155
Purchase/Acquisition of Investments - - 1,005,651 912,916 158,460 207,079
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 507,208 388,639 1,013,432 924,253 158,892 210,234
Adjustments (Please specify) - - - 213 - -
769
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 294,690 335,551 137,181 271,799 - 4,000
Total Cash Outflows 294,690 335,551 137,181 271,799 - 4,000
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 294,690 335,551 137,181 271,799 - 4,000
CASH AND CASH EQUIVALENTS, JANUARY 1 806,548 516,441 4,151 41,597 356,213 525,923
CASH AND CASH EQUIVALENTS, DECEMBER 31 866,048 806,548 57,375 4,151 249,679 356,213
770
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 1,548 1,378 4,189,825 3,906,198 13,681 515
Collection of Income/Revenue 14,441 15,051 2,761 882 11,413 17,593
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 44,406 42,352 7,113 5,115 337 -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 5,760 28,741 - -
Other Receipts - - - - 276 927
Total Cash Inflows 60,395 58,781 4,205,460 3,940,937 25,707 19,036
Adjustments - - - - 416 623
Adjusted Cash Inflows 60,395 58,781 4,205,460 3,940,937 26,123 19,659
Cash Outflows
Payment of Expenses 3,636 14,504 80,451 306,332 44,553 20,163
Purchase of Inventories - - 875,890 905,787 - -
Grant of Cash Advances - - 2,515 281 - -
Prepayments - - 17,037 6,783 - -
Refund of Deposits - - - 123 - -
Payments of Accounts Payable 2,244 1,657 233,343 210,777 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 9,583 14,659 68,133 83,188 14,053 7,698
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 41,654 6,220 - -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements - - 801,440 588,743 - -
Total Cash Outflows 15,463 30,819 2,120,463 2,108,235 58,606 27,860
Adjustments - - - - - -
Adjusted Cash Outflows 15,463 30,819 2,120,463 2,108,235 58,606 27,860
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - 7,400 3,110 340 - -
Sale of Investments 230,972 1,184,021 - - - -
Receipt of Interest Earned 2,077 5,121 85,538 5,963 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - 624 173,182 100,000 -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 233,049 1,196,542 89,272 179,486 100,000 -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 233,049 1,196,542 89,272 179,486 100,000 -
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - 79,810 67,751 39,152 51,313
Purchase/Acquisition of Investments 280,167 1,224,734 4,631,302 15,683 37,100 -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 280,167 1,224,734 4,711,112 83,434 76,252 51,313
Adjustments (Please specify) - - - - - -
771
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 520,521 720,722 - -
Total Cash Outflows - - 520,521 720,722 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 520,521 720,722 - -
CASH AND CASH EQUIVALENTS, JANUARY 1 7,919 8,149 4,063,333 2,721,241 106,886 166,400
CASH AND CASH EQUIVALENTS, DECEMBER 31 5,732 7,919 1,003,669 4,063,333 98,151 106,886
772
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 150 1 15,182,310 13,870,451 3,273 3,821
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 178 4 39,820 - - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 3,365,248 4,659,998 - -
Other Receipts - - 4,945,828 2,312,483 720 827
Total Cash Inflows 328 5 23,533,207 20,842,932 3,993 4,649
Adjustments - - - - - 5
Adjusted Cash Inflows 328 5 23,533,207 20,842,932 3,993 4,654
Cash Outflows
Payment of Expenses 1,137 904 8,551,449 6,566,567 3,877 4,201
Purchase of Inventories - - - 13,439 - -
Grant of Cash Advances - - 2,681 64,191 - 8
Prepayments - 1,065 3,795,988 2,290,380 - -
Refund of Deposits - 1,750 954 640 - -
Payments of Accounts Payable - - - - - 260
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 43 46 424,846 376,830 179 228
Grant of Financial Assistance/Subsidy/
Contribution - - - 7,130 - -
Release of Inter-Agency Fund Transfers - - 339 960 - -
Release of Intra-Agency Fund Transfers - - 477,177 540,531 - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements - - 1,295,467 2,416,367 277 257
Total Cash Outflows 1,179 3,765 14,548,902 12,277,037 4,334 4,953
Adjustments - - - - - -
Adjusted Cash Outflows 1,179 3,765 14,548,902 12,277,037 4,334 4,953
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 196 - - - 15,798 -
Sale of Investments - - - - - -
Receipt of Interest Earned - - - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 196 - - - 15,798 -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 196 - - - 15,798 -
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - 4,239,324 4,877,563 - -
Purchase/Acquisition of Investments - - 1,598,805 - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows - - 5,838,129 4,877,563 - -
Adjustments (Please specify) - - - - - -
773
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans 489 3,445 - - - -
Equity/Contribution from National Government - - - - - -
Total Cash Inflows 489 3,445 - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 489 3,445 - - - -
Cash Outflows
Payment of Long-Term Liabilities - - 418,786 386,178 - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 1,956,429 2,158,463 - -
Total Cash Outflows - - 2,375,215 2,544,641 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 2,375,215 2,544,641 - -
CASH AND CASH EQUIVALENTS, JANUARY 1 249 563 5,519,816 4,374,846 364 664
CASH AND CASH EQUIVALENTS, DECEMBER 31 82 249 6,290,801 5,519,816 15,822 364
774
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 1,816,182 1,761,692 1,101,598 232,009 - -
Collection of Income/Revenue 20,103,657 19,814,337 77,184,331 75,816,605 1,581,552 1,521,432
Receipt of Assistance/Subsidy 18,044 10,573 4,923,637 7,087,364 819,389 1,864,711
Collection of Receivables 6,368,449 6,071,085 64,710,886 63,252,277 - -
Receipt of Inter-Agency Fund Transfers 54,370 55,047 74,031 1,922,759 - 976,879
Receipt of Intra-Agency Fund Transfers 92,304 142,653 696,313 771,311 696,313 771,311
Trust Receipts 215,581 141,217 8,644,716 3,353,857 21,509 1,944
Other Receipts 741,445 994,385 1,074,079 910,228 39 323
Total Cash Inflows 29,410,033 28,990,989 158,409,592 153,346,412 3,118,802 5,136,600
Adjustments 212,208 100,823 53,286 115,181 - -
Adjusted Cash Inflows 29,622,242 29,091,812 158,462,878 153,461,593 3,118,802 5,136,600
Cash Outflows
Payment of Expenses 14,142,830 13,297,803 61,964,327 63,001,063 1,281,654 1,320,949
Purchase of Inventories 1,212,737 1,336,867 3,253,026 2,530,691 126,142 69,801
Grant of Cash Advances 518,151 502,472 66,049 76,986 - -
Prepayments 81,914 60,396 1,044 980 - -
Refund of Deposits 36,283 33,783 42,837 53,140 - -
Payments of Accounts Payable 1,749,472 1,723,082 3,029,836 4,002,402 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 2,564,483 2,262,933 2,234,532 3,519,714 - -
Grant of Financial Assistance/Subsidy/
Contribution 4 - 5,192,946 3,801,649 - -
Release of Inter-Agency Fund Transfers 63,954 66,603 2,401,844 2,767,054 - -
Release of Intra-Agency Fund Transfers 102,937 138,979 4,968,924 1,050,883 4,968,924 1,050,883
Release of Loans (Financial Institutions) - 526 - - - -
Other Disbursements 1,740,763 1,444,878 11,462,800 7,139,688 - -
Total Cash Outflows 22,213,529 20,868,321 94,618,166 87,944,249 6,376,720 2,441,632
Adjustments 87,853 86,085 (34,240) 646,348 - -
Adjusted Cash Outflows 22,301,381 20,954,407 94,583,925 88,590,597 6,376,720 2,441,632
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property 345 8,047 - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 5,475 23,221 157,516 63,130 - -
Sale of Investments 7,772 12,764 - - - -
Receipt of Interest Earned 23,295 21,351 228,891 147,279 - -
Receipt of Cash Dividends 32,495 32,541 - - - -
Proceeds from Matured Investments/Redemption 750,511 698,897 13,658,290 159,359 - -
Collection of Long-Term Loans 1,005 5,366 110,313 849,355 - -
Proceeds from Sale of Other Assets 7,616 18,814 591 1,062 - -
Total Cash Inflows 828,515 821,001 14,155,601 1,220,184 - -
Adjustments (Please specify) 273,292 45,236 343,141 346,122 - -
Adjusted Cash Inflows 1,101,807 866,237 14,498,742 1,566,306 - -
Cash Outflows
Purchase/Construction of Investment Property 14,932 14,019 68,160 564,308 - -
Purchase/Construction of Property, Plant
and Equipment 4,459,264 4,357,908 2,508,150 2,216,669 478,631 252,586
Purchase/Acquisition of Investments 735,083 199,229 12,109,842 783,017 - -
Purchase of Intangible Assets 5,462 2,027 - - - -
Grant of Loans - 45 504,725 299,375 - -
Total Cash Outflows 5,214,741 4,573,227 15,190,877 3,863,368 478,631 252,586
Adjustments (Please specify) 1,114,157 1,032,061 75 - - -
775
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities 594 1,686 - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable 58 52 - - - -
Proceeds from Domestic and Foreign Loans 1,825,375 2,043,223 15,038,847 690,876 - -
Equity/Contribution from National Government 23,397 17,746 4,035,060 14,158,824 - -
Total Cash Inflows 1,849,424 2,062,707 19,073,908 14,849,700 - -
Adjustments (Please specify) 86,649 58,918 58 - - -
Adjusted Cash Inflows 1,936,074 2,121,625 19,073,965 14,849,700 - -
Cash Outflows
Payment of Long-Term Liabilities 2,338,777 2,922,405 47,001,703 30,615,510 667,530 1,134,722
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable 3,873 1 21,384,962 38,728,562 - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities 38 367 - - - -
Payment of Interest on Loans and Other
Financial Charges 496,778 564,423 18,451,179 20,525,935 237,278 71,823
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 2,042,099 831,028 - -
Total Cash Outflows 2,839,466 3,487,195 88,879,943 90,701,034 904,807 1,206,545
Adjustments (Please specify) 24,981 24,017 62 125 - -
Adjusted Cash Outflows 2,864,447 3,511,213 88,880,005 90,701,159 904,807 1,206,545
CASH AND CASH EQUIVALENTS, JANUARY 1 10,450,906 8,442,196 57,309,322 70,620,613 5,038,693 3,802,856
CASH AND CASH EQUIVALENTS, DECEMBER 31 11,616,303 10,450,906 50,689,343 57,309,322 397,336 5,038,693
776
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 577,592 678,835 197,507 178,748 44,353 39,878
Receipt of Assistance/Subsidy - - - - 1,850,736 3,146,186
Collection of Receivables 550,980 723,622 2,229,427 2,670,757 2,631,113 2,679,285
Receipt of Inter-Agency Fund Transfers 29,155 910,968 - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - 207,510 3,832
Other Receipts - - 111,746 147,269 37,396 899
Total Cash Inflows 1,157,728 2,313,425 2,538,681 2,996,774 4,771,109 5,870,081
Adjustments 3,193 (29,910) - - 27,662 140,764
Adjusted Cash Inflows 1,160,920 2,283,515 2,538,681 2,996,774 4,798,770 6,010,845
Cash Outflows
Payment of Expenses 250,141 271,703 288,479 273,435 216,434 224,027
Purchase of Inventories 9,294 5,576 - - 1,504 3,061
Grant of Cash Advances 4,564 2,682 - - 5,272 5,082
Prepayments 1,044 980 - - - -
Refund of Deposits - 10,930 - - - -
Payments of Accounts Payable - - - - 76,686 117,603
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 59,162 121,328 - - 106,086 96,590
Grant of Financial Assistance/Subsidy/
Contribution - - 194 - 2,064,755 2,067,412
Release of Inter-Agency Fund Transfers - 32,361 - - 742 1,102
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements - 185,875 10,330 10,873 2,678,764 3,202,454
Total Cash Outflows 324,205 631,435 299,003 284,308 5,150,244 5,717,330
Adjustments 24 1 - - - 367,718
Adjusted Cash Outflows 324,228 631,436 299,003 284,308 5,150,244 6,085,048
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - 100 - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned 11,296 14,460 - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - 159,359 - - - -
Collection of Long-Term Loans 110,313 849,355 - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 121,609 1,023,274 - - - -
Adjustments (Please specify) (15,387) (238) - - - -
Adjusted Cash Inflows 106,222 1,023,036 - - - -
Cash Outflows
Purchase/Construction of Investment Property - - 68,160 564,308 - -
Purchase/Construction of Property, Plant
and Equipment 5,380 3,033 24,940 504,610 5,358 8,433
Purchase/Acquisition of Investments - - 73,547 18,447 - -
Purchase of Intangible Assets - - - - - -
Grant of Loans 504,725 299,375 - - - -
Total Cash Outflows 510,105 302,407 166,647 1,087,365 5,358 8,433
Adjustments (Please specify) - - - - - -
777
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - 185,875 38,847 505,002 - -
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - 185,875 38,847 505,002 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - 185,875 38,847 505,002 - -
Cash Outflows
Payment of Long-Term Liabilities 592,326 616,039 1,122,683 1,222,538 33,187 74,635
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges 121,750 138,971 310,796 406,670 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 319,076 223,427 232,633 150,000 69,989 118,136
Total Cash Outflows 1,033,152 978,437 1,666,112 1,779,207 103,176 192,771
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 1,033,152 978,437 1,666,112 1,779,207 103,176 192,771
CASH AND CASH EQUIVALENTS, JANUARY 1 6,020,555 4,440,410 3,354,816 3,002,973 8,190,884 8,466,290
CASH AND CASH EQUIVALENTS, DECEMBER 31 5,420,212 6,020,555 3,800,629 3,354,816 7,730,877 8,190,884
778
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 14,224,961 13,637,148 257,369 290,329 3,712,745 3,788,989
Receipt of Assistance/Subsidy 1,191,680 980,822 525,295 794,645 536,537 301,000
Collection of Receivables 196,178 83,489 135,784 149,019 - -
Receipt of Inter-Agency Fund Transfers - - 3,887 34,913 - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts 4,447 7,092 398 60 8,226,350 3,339,543
Other Receipts 899,562 745,619 5,734 6,110 - -
Total Cash Inflows 16,516,828 15,454,170 928,467 1,275,074 12,475,632 7,429,532
Adjustments - - 96 60 - -
Adjusted Cash Inflows 16,516,828 15,454,170 928,563 1,275,134 12,475,632 7,429,532
Cash Outflows
Payment of Expenses 1,972,391 2,721,561 891,753 1,091,439 3,538,491 3,935,660
Purchase of Inventories 3,113,451 2,448,293 - - - -
Grant of Cash Advances 40,582 53,961 2,585 - - -
Prepayments - - - - - -
Refund of Deposits 6,052 27,790 - - - -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 2,023,621 3,256,594 - - - -
Grant of Financial Assistance/Subsidy/
Contribution 2,962,331 1,505,442 - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Release of Loans (Financial Institutions) - - - - - -
Other Disbursements 24,554 46,587 - - 8,042,118 3,356,829
Total Cash Outflows 10,142,982 10,060,228 894,337 1,091,439 11,580,609 7,292,489
Adjustments - - 113 5,359 (50,513) 268,218
Adjusted Cash Outflows 10,142,982 10,060,228 894,451 1,096,798 11,530,096 7,560,707
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 16,386 11,995 - -
Sale of Investments - - - - - -
Receipt of Interest Earned 217,595 132,819 - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 852,966 - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets 317 716 - - 275 346
Total Cash Inflows 1,070,878 133,535 16,386 11,995 275 346
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 1,070,878 133,535 16,386 11,995 275 346
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 1,089,061 746,230 82,526 41,207 18,426 100,618
Purchase/Acquisition of Investments - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 1,089,061 746,230 82,526 41,207 18,426 100,618
Adjustments (Please specify) - - - - - -
779
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Proceeds from Domestic and Foreign Loans - - - - - -
Equity/Contribution from National Government - - - 202,072 - -
Total Cash Inflows - - - 202,072 - -
Adjustments (Please specify) 58 - - - - -
Adjusted Cash Inflows 58 - - 202,072 - -
Cash Outflows
Payment of Long-Term Liabilities 52,002 41,885 13,728 124,167 45,379 23,507
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable - - - - - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges 7,059 9,148 1,514 4,109 20,182 30,712
Payment of Cash Dividends/Share of NG to
GOCCs Income 1,398,936 300,000 - - 21,466 39,465
Total Cash Outflows 1,457,998 351,033 15,242 128,275 87,026 93,684
Adjustments (Please specify) 62 125 - - - -
Adjusted Cash Outflows 1,458,060 351,158 15,242 128,275 87,026 93,684
CASH AND CASH EQUIVALENTS, JANUARY 1 14,675,271 10,241,717 359,382 136,462 2,042,388 2,346,538
CASH AND CASH EQUIVALENTS, DECEMBER 31 19,585,410 14,675,271 312,112 359,382 2,882,267 2,042,388
780
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
Cash Inflows
Proceeds from Sale of Goods and Services 1,101,598 232,009 - -
Collection of Income/Revenue 56,483,095 55,570,030 105,157 111,216
Receipt of Assistance/Subsidy - - - -
Collection of Receivables 58,965,020 56,942,875 2,383 3,230
Receipt of Inter-Agency Fund Transfers 40,989 - - -
Receipt of Intra-Agency Fund Transfers - - - -
Trust Receipts 184,369 1,020 133 367
Other Receipts 19,032 9,646 570 363
Total Cash Inflows 116,794,103 112,755,580 108,243 115,176
Adjustments - - 22,336 4,267
Adjusted Cash Inflows 116,794,103 112,755,580 130,579 119,443
Cash Outflows
Payment of Expenses 53,301,327 52,941,308 223,657 220,981
Purchase of Inventories 2,636 3,960 - -
Grant of Cash Advances 13,047 15,261 - -
Prepayments - - - -
Refund of Deposits 31,360 12,559 5,425 1,860
Payments of Accounts Payable 2,942,803 3,866,288 10,347 18,511
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 45,330 44,740 334 462
Grant of Financial Assistance/Subsidy/
Contribution 165,666 228,795 - -
Release of Inter-Agency Fund Transfers 2,401,102 2,733,591 - -
Release of Intra-Agency Fund Transfers - - - -
Release of Loans (Financial Institutions) - - - -
Other Disbursements 704,013 335,394 3,021 1,677
Total Cash Outflows 59,607,283 60,181,897 242,783 243,491
Adjustments - - 16,135 5,052
Adjusted Cash Outflows 59,607,283 60,181,897 258,918 248,543
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 141,130 51,035
Sale of Investments - - - -
Receipt of Interest Earned - - - -
Receipt of Cash Dividends - - - -
Proceeds from Matured Investments/Redemption 12,805,324 - - -
Collection of Long-Term Loans - - - -
Proceeds from Sale of Other Assets - - - -
Total Cash Inflows 12,805,324 - 141,130 51,035
Adjustments (Please specify) - - 358,527 346,360
Adjusted Cash Inflows 12,805,324 - 499,657 397,394
Cash Outflows
Purchase/Construction of Investment Property - - - -
Purchase/Construction of Property, Plant
and Equipment 116,192 216,470 687,636 343,481
Purchase/Acquisition of Investments 12,036,295 764,570 - -
Purchase of Intangible Assets - - - -
Grant of Loans - - - -
Total Cash Outflows 12,152,487 981,040 687,636 343,481
Adjustments (Please specify) - - 75 -
781
Cluster 3 - Public Utilities
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
PSALM TRANSCO
2017 2016 2017 2016
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - -
Proceeds from Domestic and Foreign Loans 15,000,000 - - -
Equity/Contribution from National Government 4,035,060 13,956,752 - -
Total Cash Inflows 19,035,060 13,956,752 - -
Adjustments (Please specify) - - - -
Adjusted Cash Inflows 19,035,060 13,956,752 - -
Cash Outflows
Payment of Long-Term Liabilities 44,474,869 27,378,018 - -
Redemption of Bonds Issued and Unsecured
Subordinated Debt/Payment of Acceptances
Payable 21,384,962 38,728,562 - -
Payment for Reacquisition of Capital Stock
and Other Equity Securities - - - -
Payment of Interest on Loans and Other
Financial Charges 17,752,600 19,864,503 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - -
Total Cash Outflows 83,612,431 85,971,083 - -
Adjustments (Please specify) - - - -
Adjusted Cash Outflows 83,612,431 85,971,083 - -
782
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 6,692,210 6,419,490 6,691,076 6,418,356 803,120 687,793
Collection of Income/Revenue 39,436,885 31,158,943 32,973,882 25,394,951 93,104 62,259
Receipt of Assistance/Subsidy 1,012,967 843,562 866,098 612,242 - -
Collection of Receivables 13,390,531 10,726,987 13,250,419 10,657,146 227,436 191,425
Receipt of Inter-Agency Fund Transfers 7,676,345 1,980,818 7,669,889 1,980,253 61,702 49,629
Receipt of Intra-Agency Fund Transfers 490,542 674,810 189,354 452,412 - -
Trust Receipts 5,986,712 6,187,974 5,963,634 6,185,568 30,901 35,784
Other Receipts 273,019 1,253,675 261,066 1,230,676 8,344 126,302
Total Cash Inflows 74,959,211 59,246,258 67,865,418 52,931,604 1,224,607 1,153,191
Adjustments 63,731 83,588 23,596 34,699 - -
Adjusted Cash Inflows 75,022,941 59,329,846 67,889,014 52,966,303 1,224,607 1,153,191
Cash Outflows
Payment of Expenses 22,655,927 16,712,790 21,724,239 15,830,298 840,623 722,203
Purchase of Inventories 121,995 195,382 78,988 148,497 2,757 3,222
Grant of Cash Advances 1,693,037 2,046,833 1,642,517 2,012,071 3,372 2,629
Prepayments 113,990 58,162 71,637 51,483 5,334 4,302
Refund of Deposits 2,176,727 2,421,195 2,173,606 2,416,921 - 25
Payments of Accounts Payable 3,622,608 3,236,621 771,045 760,641 56,472 19,027
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 2,355,517 1,639,739 2,082,950 1,402,225 27,793 23,537
Grant of Financial Assistance/Subsidy/
Contribution 852,042 518,201 849,028 518,201 - -
Release of Inter-Agency Fund Transfers 1,666,621 1,485,018 1,605,783 1,375,325 - -
Release of Intra-Agency Fund Transfers 307,689 449,930 113,411 253,560 - -
Other Disbursements 7,866,930 7,056,722 7,862,531 7,033,468 90,700 77,265
Total Cash Outflows 43,433,083 35,820,594 38,975,735 31,802,691 1,027,051 852,210
Adjustments 760,831 108,546 735,885 59,973 - -
Adjusted Cash Outflows 44,193,913 35,929,140 39,711,620 31,862,664 1,027,051 852,210
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property 1,790 1,318 1,790 718 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 560,300 111,022 560,009 110,951 406 87
Sale of Investments 23,940,073 28,179,952 23,940,073 28,179,952 - -
Receipt of Interest Earned 685,330 920,030 684,988 919,692 2,774 2,338
Receipt of Cash Dividends 759,713 1,190,512 759,713 1,190,512 - -
Proceeds from Matured Investments/Redemption 11,472,245 8,008,953 1,712,935 5,889,115 - -
Collection of Long-Term Loans 18,781 344,752 18,781 344,752 - -
Proceeds from Sale of Other Assets 4,721 187,687 4,721 187,687 - -
Total Cash Inflows 37,442,953 38,944,225 27,683,010 36,823,379 3,180 2,426
Adjustments (Please specify) 30,571 0 0 0 - -
Adjusted Cash Inflows 37,473,524 38,944,225 27,683,010 36,823,379 3,180 2,426
Cash Outflows
Purchase/Construction of Investment Property 59,045 79,218 59,045 79,218 3,770 23,975
Purchase/Construction of Property, Plant
and Equipment 7,154,192 30,924,641 6,626,826 30,344,746 221,608 138,144
Purchase/Acquisition of Investments 54,310,604 30,682,841 45,767,788 21,103,284 - 15,206
Purchase of Intangible Assets 2,922 627 2,922 627 2,884 79
Grant of Loans 1,661 91,185 1,661 91,185 - -
Total Cash Outflows 61,528,423 61,778,512 52,458,241 51,619,060 228,263 177,404
783
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities 6,461 21,164 6,461 21,164 - -
Proceeds from Issuance of Bonds and
Acceptances Payable 201,642 24,386 201,642 24,386 - -
Equity/Contribution from National Government 5,108,640 21,783,272 5,108,640 21,783,272 97,582 93,335
Proceeds from Issuance of Capital Stock and
other Equity Securities 2 24,169 - 24,169 - -
Total Cash Inflows 5,316,745 21,852,990 5,316,743 21,852,990 97,582 93,335
Adjustments (Please specify) 2,134 1,572 2,134 1,572 - -
Adjusted Cash Inflows 5,318,879 21,854,563 5,318,877 21,854,563 97,582 93,335
Cash Outflows
Payment of Long-Term Liabilities 3,222,912 3,574,707 3,133,090 3,522,517 100,000 -
Payment for Reacquisition of Capital Stock and
Other Equity Securities 612,332 269,210 612,332 269,210 - -
Payment of Interest on Loans and Other
Financial Charges 262,609 269,372 262,609 269,372 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 7,082,228 8,868,911 7,033,925 8,860,770 29,111 25,810
Total Cash Outflows 11,180,082 12,982,200 11,041,957 12,921,869 129,111 25,810
Adjustments (Please specify) 8,667,750 7,940,899 8,667,750 7,940,899 - -
Adjusted Cash Outflows 19,847,831 20,923,099 19,709,706 20,862,768 129,111 25,810
CASH AND CASH EQUIVALENTS, JANUARY 1 45,224,811 42,981,618 43,937,565 35,892,544 536,650 342,166
CASH AND CASH EQUIVALENTS, DECEMBER 31 37,442,645 45,224,811 32,921,540 43,937,565 477,573 536,650
784
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 12,150 24,083 48 17,799 - -
Collection of Income/Revenue 1,803,571 1,627,716 - - 217,504 175,813
Receipt of Assistance/Subsidy - - - - 816,021 551,208
Collection of Receivables 3,541 8,722 10,212 9,667 1,817,298 1,480,995
Receipt of Inter-Agency Fund Transfers 7,516,710 1,762,434 - - 299 -
Receipt of Intra-Agency Fund Transfers - - 724 28,021 22,821 253,427
Trust Receipts 162,873 33,068 - - 202,966 531,063
Other Receipts 25,968 27,144 - - - 800,000
Total Cash Inflows 9,524,814 3,483,166 10,984 55,487 3,076,909 3,792,507
Adjustments - - - - - 22,455
Adjusted Cash Inflows 9,524,814 3,483,166 10,984 55,487 3,076,909 3,814,962
Cash Outflows
Payment of Expenses 1,351,162 871,121 1,051 105,028 355,325 335,772
Purchase of Inventories - - - - - -
Grant of Cash Advances 317,853 245,141 - - 6,277 3,442
Prepayments 63,173 36,057 - - - -
Refund of Deposits - - - - 2,878 94,486
Payments of Accounts Payable - - - - 412,395 469,175
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 1,905 11,128 36,847 18,349
Grant of Financial Assistance/Subsidy/
Contribution - - - - 849,028 518,201
Release of Inter-Agency Fund Transfers 1,350,590 1,162,827 - - 44,678 45,076
Release of Intra-Agency Fund Transfers - - 9,758 4,107 - 150,605
Other Disbursements - - - - 1,620 778,238
Total Cash Outflows 3,082,778 2,315,147 12,713 120,263 1,709,047 2,413,343
Adjustments - - - - 725,040 -
Adjusted Cash Outflows 3,082,778 2,315,147 12,713 120,263 2,434,087 2,413,343
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 531,051 71,677 - - - -
Sale of Investments 14,149,535 14,009,232 - 74,905 - -
Receipt of Interest Earned 322,940 308,948 2,501 4,993 - -
Receipt of Cash Dividends 483,121 30,897 - - - -
Proceeds from Matured Investments/Redemption 135,000 315,000 - - 3,936 5,213
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 15,621,648 14,735,754 2,501 79,898 3,936 5,213
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 15,621,648 14,735,754 2,501 79,898 3,936 5,213
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 751,257 125,816 - - 538,935 200,560
Purchase/Acquisition of Investments 12,989,772 13,194,675 2,482 - 100,000 25,000
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - 56,000
Total Cash Outflows 13,741,029 13,320,491 2,482 - 638,935 281,560
785
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable 201,642 24,386 - - - -
Equity/Contribution from National Government 1,350,590 1,162,827 - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows 1,552,232 1,187,213 - - - -
Adjustments (Please specify) - - - - 2,134 1,572
Adjusted Cash Inflows 1,552,232 1,187,213 - - 2,134 1,572
Cash Outflows
Payment of Long-Term Liabilities 860,352 842,148 - - 20,633 9,214
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges 205,237 208,134 - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 130,025 88,282 - 5,294 - -
Total Cash Outflows 1,195,614 1,138,563 - 5,294 20,633 9,214
Adjustments (Please specify) 5,091,232 3,911,718 - - 500,000 700,000
Adjusted Cash Outflows 6,286,846 5,050,281 - 5,294 520,633 709,214
CASH AND CASH EQUIVALENTS, JANUARY 1 2,520,423 3,799,845 16,127 6,299 2,377,333 1,960,219
CASH AND CASH EQUIVALENTS, DECEMBER 31 6,108,454 2,520,423 14,417 16,127 1,858,399 2,377,333
786
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 852,115 569,061 82,220 73,323 10 80
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 281 2,301 5 56
Receipt of Inter-Agency Fund Transfers 76,178 156,000 - - - -
Receipt of Intra-Agency Fund Transfers - - 103,019 110,270 - -
Trust Receipts - - 100 469 - -
Other Receipts 66,236 25,929 1,652 1,089 202 96
Total Cash Inflows 994,529 750,990 187,272 187,452 217 232
Adjustments - - 15,215 11,471 - -
Adjusted Cash Inflows 994,529 750,990 202,487 198,922 217 232
Cash Outflows
Payment of Expenses 256,875 244,820 55,208 63,156 34,502 20,494
Purchase of Inventories - - 1,969 953 227 -
Grant of Cash Advances - - 2,954 3,054 953 1,047
Prepayments - - 242 390 581 5,808
Refund of Deposits - - - 3 - -
Payments of Accounts Payable 270,767 208,380 - 4 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 8,314 4,883 9,047 19,929
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - 98,472 94,791 - -
Other Disbursements - - 18,756 473 - -
Total Cash Outflows 527,642 453,200 185,915 167,706 45,310 47,278
Adjustments - - 10,845 9,271 - -
Adjusted Cash Outflows 527,642 453,200 196,760 176,977 45,310 47,278
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - 10,683 12,136
Receipt of Interest Earned - - - - 37,216 42,438
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 1,160,765 432,701 1,605 2,472 - 58,044
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 1,160,765 432,701 1,605 2,472 47,899 112,618
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 1,160,765 432,701 1,605 2,472 47,899 112,618
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 380,523 359,105 1,213 882 211 7,855
Purchase/Acquisition of Investments 897,875 250,441 - - - -
Purchase of Intangible Assets - - 38 548 - -
Grant of Loans - - - - - -
Total Cash Outflows 1,278,398 609,547 1,251 1,429 211 7,855
787
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities 156,606 122,854 - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - 380 380
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows 156,606 122,854 - - 380 380
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 156,606 122,854 - - 380 380
CASH AND CASH EQUIVALENTS, JANUARY 1 280,957 297,526 76,373 53,385 584,774 521,947
CASH AND CASH EQUIVALENTS, DECEMBER 31 473,605 280,957 82,455 76,373 587,986 584,774
788
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 66,651 64,343 13,402,373 7,659,484 219,749 930,846
Receipt of Assistance/Subsidy - - 77 - - -
Collection of Receivables 7,534 17,342 - - 44,105 541,934
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers 62,790 60,695 - - - -
Trust Receipts - - 576 282 307 248
Other Receipts 918 583 4,306 1,810 717 13,036
Total Cash Inflows 137,893 142,964 13,407,333 7,661,576 264,878 1,486,064
Adjustments - - - - 132 773
Adjusted Cash Inflows 137,893 142,964 13,407,333 7,661,576 265,010 1,486,836
Cash Outflows
Payment of Expenses 75,181 67,529 7,730,169 3,771,244 230,291 292,059
Purchase of Inventories - - - - - -
Grant of Cash Advances - - - - 3,833 2,810
Prepayments - - 2,307 - - -
Refund of Deposits - - - - 1,131 -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 65,082 64,660 - - 41 5
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - - - - 498
Total Cash Outflows 140,264 132,188 7,732,476 3,771,244 235,295 295,372
Adjustments - 50,702 - - - -
Adjusted Cash Outflows 140,264 182,890 7,732,476 3,771,244 235,295 295,372
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - 533 65
Sale of Investments - - - - - -
Receipt of Interest Earned 804 829 58,021 77,662 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - 351,760 - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 804 829 409,781 77,662 533 65
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 804 829 409,781 77,662 533 65
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 5,466 20,879 393,943 396,319 - -
Purchase/Acquisition of Investments - - 5,209,597 197,582 1,294 18,261
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 5,466 20,879 5,603,540 593,901 1,294 18,261
789
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities 5,263 20,919 - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows 5,263 20,919 - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 5,263 20,919 - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 2,080,156 - 240,592 187,181
Total Cash Outflows - - 2,080,156 - 240,592 187,181
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 2,080,156 - 240,592 187,181
CASH AND CASH EQUIVALENTS, JANUARY 1 13,954 53,011 7,640,977 4,146,976 1,887,116 878,456
CASH AND CASH EQUIVALENTS, DECEMBER 31 12,184 13,954 6,075,265 7,640,977 1,676,347 1,887,116
790
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue - - 898,672 550,019 13,398,803 12,073,485
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - - - - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - 3,174,908 2,988,467
Other Receipts - 69 - - 93,373 60,366
Total Cash Inflows - 69 898,672 550,019 16,667,084 15,122,318
Adjustments - - - - - -
Adjusted Cash Inflows - 69 898,672 550,019 16,667,084 15,122,318
Cash Outflows
Payment of Expenses 10 39 173,307 108,612 6,625,423 5,688,548
Purchase of Inventories - - - - - -
Grant of Cash Advances - 20 - - 2,673 9,278
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - 3,131 - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - - - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - 18,520 12,529
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - - - 1,328,865 1,472,879
Total Cash Outflows 10 3,190 173,307 108,612 7,975,481 7,183,234
Adjustments - - - - - -
Adjusted Cash Outflows 10 3,190 173,307 108,612 7,975,481 7,183,234
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - 9,779,855 11,670,025
Receipt of Interest Earned 407 409 - - 75,912 323,624
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - 4,927,365
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 407 409 - - 9,855,766 16,921,014
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 407 409 - - 9,855,766 16,921,014
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - 116,202 746,258 3,851,313 26,452,918
Purchase/Acquisition of Investments - - 1,617,088 400,000 20,693,645 3,575,496
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows - - 1,733,290 1,146,258 24,544,958 30,028,415
791
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - 3,609,522 20,475,837
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - 3,609,522 20,475,837
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - 3,609,522 20,475,837
Cash Outflows
Payment of Long-Term Liabilities 88 - - - 1,091,082 1,141,304
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges 202 202 - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 170,404 5,062,131 2,226,520 1,578,995
Total Cash Outflows 290 202 170,404 5,062,131 3,317,602 2,720,299
Adjustments (Please specify) - - - - 3,075,499 3,197,933
Adjusted Cash Outflows 290 202 170,404 5,062,131 6,393,101 5,918,232
CASH AND CASH EQUIVALENTS, JANUARY 1 11,191 14,106 6,392,286 12,159,268 12,546,146 2,744,305
CASH AND CASH EQUIVALENTS, DECEMBER 31 11,298 11,191 5,213,957 6,392,286 3,762,213 12,546,146
792
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 7,648 17,220 - - - -
Collection of Income/Revenue 315 - 170,971 182,034 17,967 18,243
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 455 1,129 9,120 12,142 52 7
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - - -
Other Receipts - - - - - -
Total Cash Inflows 8,418 18,348 180,091 194,176 18,019 18,250
Adjustments - - - - - -
Adjusted Cash Inflows 8,418 18,348 180,091 194,176 18,019 18,250
Cash Outflows
Payment of Expenses 4,946 7,886 300,322 458,459 4,243 4,067
Purchase of Inventories 3,349 9,749 67,914 131,889 - -
Grant of Cash Advances 20 20 216 511 - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable 166 237 - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - - 208 217
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers 130 130 - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - - - 5,136 15,424
Total Cash Outflows 8,611 18,022 368,451 590,860 9,588 19,708
Adjustments - - - - - -
Adjusted Cash Outflows 8,611 18,022 368,451 590,860 9,588 19,708
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - 1,770 - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - 31,550 22,934 0 0
Receipt of Cash Dividends - - 217,837 1,104,603 - -
Proceeds from Matured Investments/Redemption - - 37,666 63,700 7 7
Collection of Long-Term Loans - - 18,781 344,752 - -
Proceeds from Sale of Other Assets - - 4,721 94,850 - -
Total Cash Inflows - - 312,325 1,630,839 7 7
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - 312,325 1,630,839 7 7
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - 238 - - - 20
Purchase/Acquisition of Investments - - 27,508 1,731,019 2,445 -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows - 238 27,508 1,731,019 2,445 20
793
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 102,521 41,684 8,723 37,983
Total Cash Outflows - - 102,521 41,684 8,723 37,983
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 102,521 41,684 8,723 37,983
CASH AND CASH EQUIVALENTS, JANUARY 1 913 824 4,126 532,311 26,670 66,125
CASH AND CASH EQUIVALENTS, DECEMBER 31 720 913 1,945 4,126 23,940 26,670
794
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 3,945 6,844 40,519 40,891 - -
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 55 67 - - - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - - -
Other Receipts 33 - - - - -
Total Cash Inflows 4,032 6,911 40,519 40,891 - -
Adjustments - - - - - -
Adjusted Cash Inflows 4,032 6,911 40,519 40,891 - -
Cash Outflows
Payment of Expenses 4,040 7,469 12,614 12,044 - -
Purchase of Inventories - - - - - -
Grant of Cash Advances - - - - - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable 8 27 - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - - - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - 10,349 15,238 - -
Total Cash Outflows 4,048 7,495 22,964 27,282 - -
Adjustments - - - - - -
Adjusted Cash Outflows 4,048 7,495 22,964 27,282 - -
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - - - 0 0
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 14 18 - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 14 18 - - 0 0
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 14 18 - - 0 0
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - - - - -
Purchase/Acquisition of Investments - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows - - - - - -
795
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 18,066 - - -
Total Cash Outflows - - 18,066 - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 18,066 - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 1,834 2,400 52,808 39,199 114 114
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,832 1,834 52,297 52,808 115 114
796
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 13,643 10,763 - - 615 563
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 59 - 30 35 231 235
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - 3,361 - - - -
Other Receipts - - - - - -
Total Cash Inflows 13,702 14,124 30 35 846 798
Adjustments - - - - - -
Adjusted Cash Inflows 13,702 14,124 30 35 846 798
Cash Outflows
Payment of Expenses 1,683 1,764 - - 531 520
Purchase of Inventories - - - - - -
Grant of Cash Advances - - - - - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - 1,149 993 2 21
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 202 2,939 - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 16,193 2,451 1,837 2,191 - -
Total Cash Outflows 17,876 4,215 3,188 6,124 533 540
Adjustments - - - - - -
Adjusted Cash Outflows 17,876 4,215 3,188 6,124 533 540
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - 20 - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 26,400 - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - 921 964 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 26,400 - 941 964 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 26,400 - 941 964 - -
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - - - - -
Purchase/Acquisition of Investments 13,107 - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 13,107 - - - - -
797
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 3,959 12,004 39,997 - - -
Total Cash Outflows 3,959 12,004 39,997 - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 3,959 12,004 39,997 - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 16,928 19,023 88,720 93,844 50,562 50,305
CASH AND CASH EQUIVALENTS, DECEMBER 31 22,087 16,928 46,506 88,720 50,875 50,562
798
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - 4,719,124 4,533,898 - -
Collection of Income/Revenue 2,117 2,018 - - 116,533 112,463
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 6,049,748 5,676,748 773,267 591,679
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - 810 13,430
Other Receipts - - - - - -
Total Cash Inflows 2,117 2,018 10,768,872 10,210,646 890,610 717,572
Adjustments - - - - - -
Adjusted Cash Inflows 2,117 2,018 10,768,872 10,210,646 890,610 717,572
Cash Outflows
Payment of Expenses 227 231 533,685 433,756 286,809 171,184
Purchase of Inventories - - - - 2,666 2,619
Grant of Cash Advances - - 1,249,038 1,692,081 3,971 4,651
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 1,716,555 1,124,586 19,910 18,441
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 17,023 35,679 171,551 115,581
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 644 639 6,382,133 4,614,809 - -
Total Cash Outflows 871 870 9,898,433 7,900,912 484,907 312,475
Adjustments - - - - - -
Adjusted Cash Outflows 871 870 9,898,433 7,900,912 484,907 312,475
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - 13,935 23,826 8,930 9,886
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 13,935 23,826 8,930 9,886
Adjustments (Please specify) 0 0 - - - -
Adjusted Cash Inflows 0 0 13,935 23,826 8,930 9,886
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - 256,770 1,790,763 31,290 23,387
Purchase/Acquisition of Investments - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows - - 256,770 1,790,763 31,290 23,387
799
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - 13,023 10,178 307,666 214,970
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - 149 2,751 56,641 57,905
Payment of Cash Dividends/Share of NG to
GOCCs Income 1,147 1,128 635,143 521,777 97,029 60,384
Total Cash Outflows 1,147 1,128 648,314 534,705 461,336 333,260
Adjustments (Please specify) - - 1,019 1,247 - -
Adjusted Cash Outflows 1,147 1,128 649,333 535,952 461,336 333,260
CASH AND CASH EQUIVALENTS, JANUARY 1 1,617 1,597 349,850 340,946 1,000,002 941,666
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,717 1,617 329,918 349,850 922,010 1,000,002
800
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 224,191 264,709 - - 13 55
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 2 7 - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - - - - -
Other Receipts 37,812 140,431 - - - -
Total Cash Inflows 262,002 405,140 2 7 13 55
Adjustments - - - - - -
Adjusted Cash Inflows 262,002 405,140 2 7 13 55
Cash Outflows
Payment of Expenses 126,015 119,587 1,122 1,203 - -
Purchase of Inventories - - 107 65 - -
Grant of Cash Advances - - - - - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - - - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers 3,292 3,502 - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - - - - -
Total Cash Outflows 129,307 123,090 1,229 1,268 - -
Adjustments - - - - - -
Adjusted Cash Outflows 129,307 123,090 1,229 1,268 - -
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 1,194 23,283 - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned 6,056 10,914 2,639 4,680 1 1
Receipt of Cash Dividends 58,755 55,013 - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - 92,671 - - - -
Total Cash Inflows 66,006 181,881 2,639 4,680 1 1
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 66,006 181,881 2,639 4,680 1 1
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 719 326 - - - -
Purchase/Acquisition of Investments - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 719 326 - - - -
801
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - 566,300 - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - 13 55
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 3,172 1,480 - -
Total Cash Outflows - 566,300 3,172 1,480 13 55
Adjustments (Please specify) - - - 130,000 - -
Adjusted Cash Outflows - 566,300 3,172 131,480 13 55
CASH AND CASH EQUIVALENTS, JANUARY 1 591,046 693,740 5,384 133,445 567 566
CASH AND CASH EQUIVALENTS, DECEMBER 31 789,028 591,046 3,624 5,384 567 567
802
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 1,727 15,342 268,804 195,798 6,489 4,785
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 2,830,238 857,510 - -
Receipt of Inter-Agency Fund Transfers - 190 - - 15,000 12,000
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 3 273 53,963 43,882
Other Receipts - - 1,720 2,699 1,394 -
Total Cash Inflows 1,727 15,532 3,100,765 1,056,280 76,845 60,667
Adjustments - - 8,249 - - -
Adjusted Cash Inflows 1,727 15,532 3,109,014 1,056,280 76,845 60,667
Cash Outflows
Payment of Expenses - - 1,192,014 596,477 533 368
Purchase of Inventories - - - - - -
Grant of Cash Advances 444 2,148 - - 50,914 45,237
Prepayments - - - - - 4,926
Refund of Deposits - - - - - -
Payments of Accounts Payable - - 30,085 59,646 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 3,456 822 173,518 96,084 - -
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - 5,181 4,058
Other Disbursements 767 5,906 5,532 47,457 - -
Total Cash Outflows 4,667 8,876 1,401,149 799,665 56,628 54,589
Adjustments - - - - - -
Adjusted Cash Outflows 4,667 8,876 1,401,149 799,665 56,628 54,589
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - 718 - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 424 15,839 - - - -
Sale of Investments - - - 2,410,268 - 3,385
Receipt of Interest Earned 18 152 118,226 81,761 2,135 3,332
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 2,183 64,595
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - 166 - -
Total Cash Inflows 442 16,708 118,226 2,492,194 4,318 71,312
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 442 16,708 118,226 2,492,194 4,318 71,312
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment - - 1,399 12,609 21,313 22,529
Purchase/Acquisition of Investments - - 2,658,663 - 76,934 -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - 1,661 35,185 - -
Total Cash Outflows - - 2,661,723 47,795 98,247 22,529
803
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities 444 - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows 444 - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 444 - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities 424 42,928 - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 323,761 1,090,718 - -
Total Cash Outflows 424 42,928 323,761 1,090,718 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 424 42,928 323,761 1,090,718 - -
CASH AND CASH EQUIVALENTS, JANUARY 1 15,040 34,604 4,739,642 3,129,345 118,696 63,835
CASH AND CASH EQUIVALENTS, DECEMBER 31 12,563 15,040 3,580,248 4,739,642 44,984 118,696
804
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 1,148,986 1,137,563 - - 1,134 1,135
Collection of Income/Revenue 1,047,334 731,619 23,928 22,393 6,463,003 5,763,992
Receipt of Assistance/Subsidy - - 50,000 61,033 146,869 231,320
Collection of Receivables 1,476,748 1,265,146 - - 140,111 69,840
Receipt of Inter-Agency Fund Transfers - - - - 6,455 565
Receipt of Intra-Agency Fund Transfers - - - - 301,188 222,398
Trust Receipts 2,336,228 2,535,243 - - 23,078 2,405
Other Receipts 18,391 31,123 - - 11,953 22,999
Total Cash Inflows 6,027,687 5,700,693 73,928 83,427 7,093,793 6,314,654
Adjustments - - - - 40,135 48,890
Adjusted Cash Inflows 6,027,687 5,700,693 73,928 83,427 7,133,928 6,363,544
Cash Outflows
Payment of Expenses 1,462,647 1,664,020 63,682 60,639 931,688 882,492
Purchase of Inventories - - - - 43,007 46,885
Grant of Cash Advances - - - - 50,519 34,762
Prepayments - - - - 42,353 6,679
Refund of Deposits 2,169,597 2,322,408 - - 3,121 4,273
Payments of Accounts Payable - - - - 2,851,563 2,475,981
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 20,072 16,646 272,567 237,514
Grant of Financial Assistance/Subsidy/
Contribution - - - - 3,014 -
Release of Inter-Agency Fund Transfers - - - - 60,838 109,693
Release of Intra-Agency Fund Transfers - - - - 194,279 196,370
Other Disbursements - - - - 4,399 23,253
Total Cash Outflows 3,632,244 3,986,428 83,754 77,285 4,457,348 4,017,903
Adjustments - - - - 24,945 48,573
Adjusted Cash Outflows 3,632,244 3,986,428 83,754 77,285 4,482,293 4,066,476
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - 600
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - 291 70
Sale of Investments - - - - - -
Receipt of Interest Earned - - - - 342 338
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 20,000 20,000 - - 9,759,310 2,119,838
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 20,000 20,000 - - 9,759,943 2,120,845
Adjustments (Please specify) - - - - 30,571 -
Adjusted Cash Inflows 20,000 20,000 - - 9,790,514 2,120,845
Cash Outflows
Purchase/Construction of Investment Property 55,275 55,243 - - - -
Purchase/Construction of Property, Plant
and Equipment - - 54,663 46,139 527,366 579,896
Purchase/Acquisition of Investments 1,476,377 1,695,603 1,000 - 8,542,816 9,579,556
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 1,531,651 1,750,846 55,663 46,139 9,070,182 10,159,452
805
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities 753 245 - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - 50,947 51,272 - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - 24,169 - - 2 -
Total Cash Inflows 753 24,414 50,947 51,272 2 -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 753 24,414 50,947 51,272 2 -
Cash Outflows
Payment of Long-Term Liabilities 583,641 615,550 - - 89,822 52,190
Payment for Reacquisition of Capital Stock and
Other Equity Securities 611,896 226,227 - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 923,600 145,918 - - 48,302 8,142
Total Cash Outflows 2,119,136 987,695 - - 138,125 60,331
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 2,119,136 987,695 - - 138,125 60,331
CASH AND CASH EQUIVALENTS, JANUARY 1 1,965,494 2,759,176 23,246 11,971 1,287,247 7,089,074
CASH AND CASH EQUIVALENTS, DECEMBER 31 673,706 1,965,494 8,703 23,246 4,521,105 1,287,247
806
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 11,391 2,638 298,471 331,108 104,848 97,188
Receipt of Assistance/Subsidy 105,811 189,290 - - - -
Collection of Receivables - - 2,435 5,523 - -
Receipt of Inter-Agency Fund Transfers - - - - 6,000 -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 16,829 - 107 653
Other Receipts 196 186 111 211 73 155
Total Cash Inflows 117,399 192,114 317,847 336,842 111,029 97,996
Adjustments 241 179 - - - -
Adjusted Cash Inflows 117,641 192,294 317,847 336,842 111,029 97,996
Cash Outflows
Payment of Expenses 63,969 39,531 169,556 159,546 39,996 34,455
Purchase of Inventories - - 2,963 - 6,090 4,447
Grant of Cash Advances 58 609 10,546 - - -
Prepayments - - - - 210 75
Refund of Deposits - - - - - -
Payments of Accounts Payable - - 37,281 5,250 3,757 6,248
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 15,103 12,464 - - 12,206 9,837
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - 20,016 500 700
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - 323 - 2,468 17,036
Total Cash Outflows 79,130 52,604 220,670 184,813 65,227 72,798
Adjustments 30 191 - - - -
Adjusted Cash Outflows 79,160 52,795 220,670 184,813 65,227 72,798
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 249 48 - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - - - 322 319
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - 24,185 - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 249 24,233 322 319
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - 249 24,233 322 319
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 61,059 77,610 2,123 9,590 7,660 6,452
Purchase/Acquisition of Investments - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 61,059 77,610 2,123 9,590 7,660 6,452
807
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - 2 - - -
Total Cash Inflows - - 2 - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - 2 - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - 57,090 16,800
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 48,302 8,142 - -
Total Cash Outflows - - 48,302 8,142 57,090 16,800
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - 48,302 8,142 57,090 16,800
CASH AND CASH EQUIVALENTS, JANUARY 1 105,353 43,464 457,384 298,852 57,247 54,981
CASH AND CASH EQUIVALENTS, DECEMBER 31 82,774 105,353 504,386 457,384 38,621 57,247
808
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - 1,134 1,135 - -
Collection of Income/Revenue 7,349 4,234 1,817 2,053 6,018,194 5,305,547
Receipt of Assistance/Subsidy - - 41,058 42,030 - -
Collection of Receivables - - 1,019 765 136,657 63,552
Receipt of Inter-Agency Fund Transfers - - 450 250 5 315
Receipt of Intra-Agency Fund Transfers - - - - 301,188 222,398
Trust Receipts - - - - 6,141 1,752
Other Receipts - - 294 950 11,224 21,460
Total Cash Inflows 7,349 4,234 45,772 47,183 6,473,410 5,615,023
Adjustments - - 911 5,103 38,983 43,607
Adjusted Cash Inflows 7,349 4,234 46,683 52,286 6,512,393 5,658,631
Cash Outflows
Payment of Expenses 4,746 4,853 45,570 51,746 607,850 592,360
Purchase of Inventories 43 91 - - 33,911 42,346
Grant of Cash Advances - - - - 19,034 18,596
Prepayments - - - - 42,142 6,604
Refund of Deposits - - - - 3,121 4,273
Payments of Accounts Payable 36 54 - - 2,810,489 2,464,428
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 735 781 - - 244,522 214,433
Grant of Financial Assistance/Subsidy/
Contribution - - - - 3,014 -
Release of Inter-Agency Fund Transfers - - - - 60,338 88,977
Release of Intra-Agency Fund Transfers - - - - 194,279 196,370
Other Disbursements - - - - 1,608 6,218
Total Cash Outflows 5,560 5,779 45,570 51,746 4,020,309 3,634,606
Adjustments - - - - 24,915 48,382
Adjusted Cash Outflows 5,560 5,779 45,570 51,746 4,045,225 3,682,988
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - 600 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - 20 18 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 9,759,310 2,095,652
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 20 618 9,759,310 2,095,652
Adjustments (Please specify) - - - - 30,571 -
Adjusted Cash Inflows - - 20 618 9,789,881 2,095,652
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant
and Equipment 46 24 353 879 455,182 485,121
Purchase/Acquisition of Investments - - - - 8,542,816 9,579,556
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 46 24 353 879 8,997,998 10,064,677
809
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - - - - - -
Proceeds from Issuance of Bonds and
Acceptances Payable - - - - - -
Equity/Contribution from National Government - - - - - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - - - - - -
Total Cash Inflows - - - - - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - 32,732 35,390
Payment for Reacquisition of Capital Stock and
Other Equity Securities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows - - - - 32,732 35,390
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows - - - - 32,732 35,390
CASH AND CASH EQUIVALENTS, JANUARY 1 536 2,105 10,285 10,005 645,795 6,674,524
CASH AND CASH EQUIVALENTS, DECEMBER 31 2,279 536 11,063 10,285 3,872,130 645,795
810
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
CFI
2017 2016
Cash Inflows
Proceeds from Sale of Goods and Services - -
Collection of Income/Revenue 20,931 21,225
Receipt of Assistance/Subsidy - -
Collection of Receivables - -
Receipt of Inter-Agency Fund Transfers - -
Receipt of Intra-Agency Fund Transfers - -
Trust Receipts - -
Other Receipts 55 36
Total Cash Inflows 20,986 21,261
Adjustments - -
Adjusted Cash Inflows 20,986 21,261
Cash Outflows
Payment of Expenses - -
Purchase of Inventories - -
Grant of Cash Advances 20,881 15,558
Prepayments - -
Refund of Deposits - -
Payments of Accounts Payable - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - -
Grant of Financial Assistance/Subsidy/
Contribution - -
Release of Inter-Agency Fund Transfers - -
Release of Intra-Agency Fund Transfers - -
Other Disbursements - -
Total Cash Outflows 20,881 15,558
Adjustments - -
Adjusted Cash Outflows 20,881 15,558
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 42 22
Sale of Investments - -
Receipt of Interest Earned - -
Receipt of Cash Dividends - -
Proceeds from Matured Investments/Redemption - -
Collection of Long-Term Loans - -
Proceeds from Sale of Other Assets - -
Total Cash Inflows 42 22
Adjustments (Please specify) - -
Adjusted Cash Inflows 42 22
Cash Outflows
Purchase/Construction of Investment Property - -
Purchase/Construction of Property, Plant
and Equipment 944 221
Purchase/Acquisition of Investments - -
Purchase of Intangible Assets - -
Grant of Loans - -
Total Cash Outflows 944 221
811
Cluster 4 - Industrial and Area Development
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
CFI
2017 2016
Cash Inflows
Proceeds from Incurrence of Financial Liabilities - -
Proceeds from Issuance of Bonds and
Acceptances Payable - -
Equity/Contribution from National Government - -
Proceeds from Issuance of Capital Stock and
other Equity Securities - -
Total Cash Inflows - -
Adjustments (Please specify) - -
Adjusted Cash Inflows - -
Cash Outflows
Payment of Long-Term Liabilities - -
Payment for Reacquisition of Capital Stock and
Other Equity Securities - -
Payment of Interest on Loans and Other
Financial Charges - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - -
Total Cash Outflows - -
Adjustments (Please specify) - -
Adjusted Cash Outflows - -
812
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 14,982 11,858 - - - -
Collection of Income/Revenue 20,216,443 32,906,852 1,241,515 1,175,921 26,788 38,838
Receipt of Assistance/Subsidy 42,613,974 31,240,032 2,594,111 1,763,647 - -
Collection of Receivables 1,172,448 1,270,047 517,648 524,790 323,628 311,459
Receipt of Inter-Agency Fund Transfers 3,073,820 3,005,893 1,589,332 16,000 - -
Receipt of Intra-Agency Fund Transfers 26,407,699 39,113,108 - - - -
Trust Receipts 1,032,940 2,279,775 39,024 22,484 8,377 5,346
Other Receipts 976,193 1,231,819 14,851 7,048 333 490
Total Cash Inflows 95,508,498 111,059,385 5,996,482 3,509,891 359,126 356,133
Adjustments 44,663 68,296 - - - -
Adjusted Cash Inflows 95,553,162 111,127,681 5,996,482 3,509,891 359,126 356,133
Cash Outflows
Payment of Expenses 12,117,564 11,281,269 3,879,396 2,927,245 982,891 159,752
Purchase of Inventories 685,248 2,121,558 398 1,218 - -
Grant of Cash Advances 387,042 307,276 12,022 4,824 3,403 1,406
Prepayments 2,770,362 1,160,230 1,635 1,088 - -
Refund of Deposits 106,665 105,346 1,389 2,771 404 2,771
Payments of Accounts Payable 1,845,520 3,179,999 1,813 676 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 3,027,889 2,372,742 25,335 25,614 - -
Grant of Financial Assistance/Subsidy/
Contribution - 58,812 - - - -
Release of Inter-Agency Fund Transfers 1,419,254 3,846,437 2,548 23,434 - -
Release of Intra-Agency Fund Transfers 26,960,502 38,277,706 - - - -
Other Disbursements 491,142 608,082 232,679 176,801 18,067 21,094
Total Cash Outflows 49,811,189 63,319,456 4,157,214 3,163,672 1,004,765 185,022
Adjustments 24,158 22,704 - - - -
Adjusted Cash Outflows 49,835,347 63,342,160 4,157,214 3,163,672 1,004,765 185,022
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - 97 - 10 - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 2,082,329 1,073,554 2,075,040 58 2,075,040 -
Sale of Investments 1,312,431 1,470,149 1,015,549 711,732 - -
Receipt of Interest Earned 100,704 63,748 86,053 57,418 - -
Receipt of Cash Dividends 1,770 4,432 1,770 4,432 - -
Proceeds from Matured Investments/Redemption 1,000 - 1,000 - - -
Collection of Long-Term Loans 110,589 124,060 - - - -
Proceeds from Sale of Other Assets 125 36 - - - -
Total Cash Inflows 3,608,949 2,736,076 3,179,412 773,650 2,075,040 -
Adjusted Cash Inflows 3,608,949 2,736,076 3,179,412 773,650 2,075,040 -
Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 22,579,058 20,514,742 394,226 543,982 280 513
Purchase/Acquisition of Investments 4,340,361 2,615,060 1,549,982 36,402 109,499 21,402
Purchase of Bearer/Consumable Biological
Assets 21,584 156,217 - - - -
Purchase of Intangible Assets 208 - 208 - - -
Grant of Loans 44,209 55,916 - - - -
Total Cash Outflows 26,985,419 23,341,935 1,944,416 580,384 109,779 21,915
Adjusted Cash Outflows 26,985,419 23,341,935 1,944,416 580,384 109,779 21,915
813
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Domestic and Foreign Loans 22,797,000 8,550,000 - - - -
Total Cash Inflows 22,797,000 8,550,000 - - - -
Adjusted Cash Inflows 22,797,000 8,550,000 - - - -
Cash Outflows
Payment of Long-Term Liabilities 34,943,797 27,905,095 18,792 9,419 - -
Payment of Interest on Loans and Other
Financial Charges 5,184,577 6,116,762 8,041 8,964 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 273,902 189,942 172,238 154,560 87,271 62,029
Total Cash Outflows 40,402,277 34,211,799 199,070 172,943 87,271 62,029
Adjusted Cash Outflows 40,402,277 34,211,799 199,070 172,943 87,271 62,029
CASH AND CASH EQUIVALENTS, JANUARY 1 17,750,321 16,220,443 3,218,395 2,851,221 194,444 107,277
CASH AND CASH EQUIVALENTS, DECEMBER 31 22,485,519 17,750,321 6,093,332 3,218,395 1,426,794 194,444
814
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 43,006 44,322 62,055 8,538 64,942 47,147
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables 1,558 1,683 66 52 97 96
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 12,325 10,672 153 -
Other Receipts 5,794 1,530 700 390 541 363
Total Cash Inflows 50,358 47,535 75,145 19,652 65,733 47,607
Adjustments - - - - - -
Adjusted Cash Inflows 50,358 47,535 75,145 19,652 65,733 47,607
Cash Outflows
Payment of Expenses 22,918 23,395 45,129 12,896 37,793 32,098
Purchase of Inventories - - 168 41 21 -
Grant of Cash Advances 545 635 2,734 619 5,182 1,974
Prepayments - - 482 19 - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - - - - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 1,591 7,937 4,775 3,646 6,916 9,323
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 4,197 6,155 - - 40 30
Total Cash Outflows 29,251 38,122 53,288 17,222 49,953 43,425
Adjustments - - - - - -
Adjusted Cash Outflows 29,251 38,122 53,288 17,222 49,953 43,425
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - 10
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned 1,627 2,560 8 65 1,104 1,198
Receipt of Cash Dividends 1,770 - - 4,432 - -
Proceeds from Matured Investments/Redemption 1,000 - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 4,397 2,560 8 4,498 1,104 1,208
Adjusted Cash Inflows 4,397 2,560 8 4,498 1,104 1,208
Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 216 55 2,261 124 6,609 58
Purchase/Acquisition of Investments - - - - - -
Purchase of Bearer/Consumable Biological
Assets - - - - - -
Purchase of Intangible Assets - - 208 - - -
Grant of Loans - - - - - -
Total Cash Outflows 216 55 2,469 124 6,609 58
Adjusted Cash Outflows 216 55 2,469 124 6,609 58
815
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Domestic and Foreign Loans - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - 8,792 7,935
Payment of Interest on Loans and Other
Financial Charges - - - - 8,041 8,897
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - 1,247 20,148
Total Cash Outflows - - - - 18,080 36,980
Adjusted Cash Outflows - - - - 18,080 36,980
CASH AND CASH EQUIVALENTS, JANUARY 1 311,522 299,604 29,202 22,398 129,296 160,936
CASH AND CASH EQUIVALENTS, DECEMBER 31 336,809 311,522 48,599 29,202 120,993 129,296
816
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 345,815 346,447 696,530 688,903 2,380 1,725
Receipt of Assistance/Subsidy 2,500,000 1,600,000 94,111 163,647 - -
Collection of Receivables - - 36,781 39,972 155,519 171,528
Receipt of Inter-Agency Fund Transfers 1,558,332 - 31,000 16,000 - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 18,169 6,467 - -
Other Receipts - - 7,483 4,274 - -
Total Cash Inflows 4,404,147 1,946,447 884,074 919,262 157,899 173,253
Adjustments - - - - - -
Adjusted Cash Inflows 4,404,147 1,946,447 884,074 919,262 157,899 173,253
Cash Outflows
Payment of Expenses 2,226,723 2,145,898 559,000 546,729 4,942 6,476
Purchase of Inventories - - 209 1,177 - -
Grant of Cash Advances - - 71 94 87 97
Prepayments - - 374 846 779 222
Refund of Deposits - - 985 - - -
Payments of Accounts Payable - - - - 1,813 676
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 5,698 392 6,355 4,316
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 2,548 23,434 - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - 20 429 210,354 149,093
Total Cash Outflows 2,226,723 2,145,898 568,904 573,103 224,331 160,880
Adjustments - - - - - -
Adjusted Cash Outflows 2,226,723 2,145,898 568,904 573,103 224,331 160,880
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - 58 - - - -
Sale of Investments - 650,211 - - 1,015,549 61,521
Receipt of Interest Earned 50,463 41,226 9,904 9,729 22,948 2,639
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 50,463 691,496 9,904 9,729 1,038,497 64,160
Adjusted Cash Inflows 50,463 691,496 9,904 9,729 1,038,497 64,160
Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 51,948 21,917 332,419 519,281 492 2,033
Purchase/Acquisition of Investments 355,483 - - - 1,085,000 15,000
Purchase of Bearer/Consumable Biological
Assets - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 407,431 21,917 332,419 519,281 1,085,492 17,033
Adjusted Cash Outflows 407,431 21,917 332,419 519,281 1,085,492 17,033
817
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Domestic and Foreign Loans - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - 10,000 1,484 - -
Payment of Interest on Loans and Other
Financial Charges - - - 67 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 22,559 36,556 60,360 32,368 801 3,459
Total Cash Outflows 22,559 36,556 70,360 33,918 801 3,459
Adjusted Cash Outflows 22,559 36,556 70,360 33,918 801 3,459
CASH AND CASH EQUIVALENTS, JANUARY 1 1,175,625 742,053 1,257,129 1,453,816 121,178 65,138
CASH AND CASH EQUIVALENTS, DECEMBER 31 2,973,523 1,175,625 1,179,664 1,257,129 6,950 121,178
818
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 14,982 11,858 - - - -
Collection of Income/Revenue 18,974,928 31,730,931 14,041 21,693 17,127,504 28,091,882
Receipt of Assistance/Subsidy 40,019,862 29,476,386 199,945 190,472 5,100,000 4,250,000
Collection of Receivables 654,800 745,256 49,878 65,588 229,237 263,951
Receipt of Inter-Agency Fund Transfers 1,484,488 2,989,893 2,552 12,950 461,575 1,735,586
Receipt of Intra-Agency Fund Transfers 26,407,699 39,113,108 1,007 3,038 25,498,877 38,277,125
Trust Receipts 993,915 2,257,291 831 34,597 397,120 860,398
Other Receipts 961,342 1,224,771 36 25 339,494 748,398
Total Cash Inflows 89,512,016 107,549,494 268,290 328,363 49,153,807 74,227,339
Adjustments 44,663 68,296 - - 10,766 29,989
Adjusted Cash Inflows 89,556,679 107,617,790 268,290 328,363 49,164,573 74,257,329
Cash Outflows
Payment of Expenses 8,238,168 8,354,024 147,005 163,602 2,771,896 3,202,842
Purchase of Inventories 684,851 2,120,340 - - 582,659 2,024,662
Grant of Cash Advances 375,020 302,452 2,783 3,288 121,856 146,518
Prepayments 2,768,727 1,159,142 - - 5,124 3,009
Refund of Deposits 105,277 102,574 - 40 101,542 61,115
Payments of Accounts Payable 1,843,707 3,179,323 33,367 35,419 645,209 1,898,459
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 3,002,554 2,347,128 - - 1,190,545 1,041,143
Grant of Financial Assistance/Subsidy/
Contribution - 58,812 - - - -
Release of Inter-Agency Fund Transfers 1,416,706 3,823,003 - - 245,823 3,115,914
Release of Intra-Agency Fund Transfers 26,960,502 38,277,706 - - 25,527,506 36,620,142
Other Disbursements 258,463 431,281 396 12,877 139,141 277,686
Total Cash Outflows 45,653,975 60,155,784 183,551 215,225 31,331,301 48,391,489
Adjustments 24,158 22,704 - - 13,503 10,680
Adjusted Cash Outflows 45,678,132 60,178,488 183,551 215,225 31,344,804 48,402,169
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - 87 - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment 7,289 1,073,495 117 49 611 1,068,564
Sale of Investments 296,882 758,417 - - - -
Receipt of Interest Earned 14,651 6,330 - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans 110,589 124,060 - - - 28
Proceeds from Sale of Other Assets 125 36 - - 125 36
Total Cash Inflows 429,537 1,962,426 117 49 736 1,068,628
Adjusted Cash Inflows 429,537 1,962,426 117 49 736 1,068,628
Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 22,184,833 19,970,760 26,195 13,063 227,383 122,682
Purchase/Acquisition of Investments 2,790,379 2,578,658 - - 2,500,000 2,300,000
Purchase of Bearer/Consumable Biological
Assets 21,584 156,217 8,318 73,626 - -
Purchase of Intangible Assets - - - - - -
Grant of Loans 44,209 55,916 260 320 - -
Total Cash Outflows 25,041,004 22,761,551 34,774 87,009 2,727,383 2,422,682
Adjusted Cash Outflows 25,041,004 22,761,551 34,774 87,009 2,727,383 2,422,682
819
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Domestic and Foreign Loans 22,797,000 8,550,000 - - 22,797,000 8,550,000
Total Cash Inflows 22,797,000 8,550,000 - - 22,797,000 8,550,000
Adjusted Cash Inflows 22,797,000 8,550,000 - - 22,797,000 8,550,000
Cash Outflows
Payment of Long-Term Liabilities 34,925,005 27,895,676 - - 33,950,005 26,920,676
Payment of Interest on Loans and Other
Financial Charges 5,176,537 6,107,798 - - 4,652,667 5,583,928
Payment of Cash Dividends/Share of NG to
GOCCs Income 101,664 35,382 - - - -
Total Cash Outflows 40,203,206 34,038,857 - - 38,602,672 32,504,604
Adjusted Cash Outflows 40,203,206 34,038,857 - - 38,602,672 32,504,604
CASH AND CASH EQUIVALENTS, JANUARY 1 14,531,926 13,369,222 320,832 294,655 1,955,556 1,402,315
CASH AND CASH EQUIVALENTS, DECEMBER 31 16,392,187 14,531,926 370,914 320,832 1,242,392 1,955,556
820
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - - - - -
Collection of Income/Revenue 727,114 2,308,149 109,188 139,670 309,273 337,362
Receipt of Assistance/Subsidy 31,698,045 22,665,935 - - 1,324,661 1,250,875
Collection of Receivables 103,229 58,595 82,966 83,027 42,870 127,092
Receipt of Inter-Agency Fund Transfers 196,700 266,686 - - 524,154 563,342
Receipt of Intra-Agency Fund Transfers 2,448 - 590,030 423,341 - -
Trust Receipts 487,677 1,230,694 35,804 28,701 46,900 73,840
Other Receipts 395,156 212,948 4,816 3,824 37,344 34,914
Total Cash Inflows 33,610,370 26,743,007 822,803 678,563 2,285,202 2,387,424
Adjustments - - - - - -
Adjusted Cash Inflows 33,610,370 26,743,007 822,803 678,563 2,285,202 2,387,424
Cash Outflows
Payment of Expenses 2,881,442 2,317,978 117,790 120,779 1,399,624 1,578,644
Purchase of Inventories - - 967 33,142 74,957 32,574
Grant of Cash Advances 136,956 61,326 14,765 5,073 58,843 75,123
Prepayments 2,759,880 1,154,912 - - 176 1,221
Refund of Deposits - - - - 1,926 222
Payments of Accounts Payable 703,274 722,438 16,157 28,749 196,999 330,629
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 1,405,184 892,648 58,104 56,130 180,139 154,089
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers 427,890 391,656 - - 145,542 1,476
Release of Intra-Agency Fund Transfers - 130,924 553,716 504,237 547,942 598,675
Other Disbursements 18,738 89,894 - - 28,167 20,967
Total Cash Outflows 8,333,364 5,761,777 761,500 748,110 2,634,314 2,793,620
Adjustments 7 16 - - - -
Adjusted Cash Outflows 8,333,371 5,761,793 761,500 748,110 2,634,314 2,793,620
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - 87
Proceeds from Sale/Disposal of Property, Plant
and Equipment 1,902 70 4,088 4,055 - -
Sale of Investments - - - - 275 -
Receipt of Interest Earned - - - - 3,158 1,783
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - 110,589 124,032 - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 1,902 70 114,677 128,087 3,433 1,870
Adjusted Cash Inflows 1,902 70 114,677 128,087 3,433 1,870
Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 21,738,074 19,706,931 7,496 832 66,881 45,359
Purchase/Acquisition of Investments - - - - - -
Purchase of Bearer/Consumable Biological
Assets - - 40 62 13,225 82,528
Purchase of Intangible Assets - - - - - -
Grant of Loans - - 43,948 55,596 - -
Total Cash Outflows 21,738,074 19,706,931 51,484 56,490 80,106 127,887
Adjusted Cash Outflows 21,738,074 19,706,931 51,484 56,490 80,106 127,887
821
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Domestic and Foreign Loans - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities 975,000 975,000 - - - -
Payment of Interest on Loans and Other
Financial Charges 523,870 523,870 - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows 1,498,870 1,498,870 - - - -
Adjusted Cash Outflows 1,498,870 1,498,870 - - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 7,805,410 8,025,282 31,613 29,563 1,241,015 1,773,228
CASH AND CASH EQUIVALENTS, DECEMBER 31 9,847,366 7,805,410 156,109 31,613 815,230 1,241,015
822
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 14,982 11,858 - - - -
Collection of Income/Revenue 72,175 75,660 49,080 65,209 566,553 691,306
Receipt of Assistance/Subsidy 561,000 518,000 - - 1,136,211 601,104
Collection of Receivables 56,965 32,821 88,615 114,034 1,040 151
Receipt of Inter-Agency Fund Transfers 298,987 409,396 - - 519 1,933
Receipt of Intra-Agency Fund Transfers 147,256 193,942 168,081 215,663 - -
Trust Receipts - - 24,556 28,884 1,027 178
Other Receipts 165,958 209,874 3,945 2,543 14,594 12,245
Total Cash Inflows 1,317,323 1,451,550 334,276 426,333 1,719,945 1,306,916
Adjustments 33,380 38,307 - - 518 -
Adjusted Cash Inflows 1,350,703 1,489,857 334,276 426,333 1,720,463 1,306,916
Cash Outflows
Payment of Expenses 473,387 450,775 120,120 165,693 326,904 353,711
Purchase of Inventories 23,842 29,603 508 359 1,917 -
Grant of Cash Advances 13,611 4,093 1,280 1,462 24,927 5,568
Prepayments 2,830 - - - 717 -
Refund of Deposits 1,214 39,056 250 2,142 345 -
Payments of Accounts Payable 214,786 146,107 17 17,523 33,898 -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 83,100 82,537 1,671 - 83,810 120,581
Grant of Financial Assistance/Subsidy/
Contribution - 58,812 - - - -
Release of Inter-Agency Fund Transfers 248,760 300,361 - - 348,692 13,595
Release of Intra-Agency Fund Transfers 164,714 212,030 166,624 211,699 - -
Other Disbursements 40,637 1,792 25,278 28,005 6,107 60
Total Cash Outflows 1,266,880 1,325,165 315,748 426,883 827,316 493,515
Adjustments 10,647 12,008 - - - -
Adjusted Cash Outflows 1,277,527 1,337,173 315,748 426,883 827,316 493,515
Cash Inflows
Proceeds from Sale/ Disposal of Investment
Property - - - - - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - 572 757
Sale of Investments - - 296,607 758,417 - -
Receipt of Interest Earned - - 8,695 1,690 2,798 2,858
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - - -
Collection of Long-Term Loans - - - - - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 305,302 760,107 3,370 3,615
Adjusted Cash Inflows - - 305,302 760,107 3,370 3,615
Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 85,633 59,231 162 630 33,009 22,033
Purchase/Acquisition of Investments - - 290,379 278,658 - -
Purchase of Bearer/Consumable Biological
Assets - - - - - -
Purchase of Intangible Assets - - - - - -
Grant of Loans - - - - - -
Total Cash Outflows 85,633 59,231 290,540 279,288 33,009 22,033
Adjusted Cash Outflows 85,633 59,231 290,540 279,288 33,009 22,033
823
Cluster 5 - Agricultural and Natural Resources
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Domestic and Foreign Loans - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment of Interest on Loans and Other
Financial Charges - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - 101,664 35,382
Total Cash Outflows - - - - 101,664 35,382
Adjusted Cash Outflows - - - - 101,664 35,382
CASH AND CASH EQUIVALENTS, JANUARY 1 1,233,958 1,140,505 898,768 418,499 1,044,775 285,175
CASH AND CASH EQUIVALENTS, DECEMBER 31 1,221,501 1,233,958 932,057 898,768 1,806,619 1,044,775
824
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 7,536,449 7,934,514 7,286,687 7,652,667 7,122,618 7,100,274
Collection of Income/Revenue 163,148,045 144,231,465 155,320,573 136,427,474 15,390 1,418
Receipt of Assistance/Subsidy 52,800,037 54,514,489 49,329,582 50,149,305 - -
Collection of Receivables 5,110,689 5,520,902 3,899,236 3,491,530 3,660,947 3,346,949
Receipt of Inter-Agency Fund Transfers 1,085,042 4,358,821 - 30,332 - -
Receipt of Intra-Agency Fund Transfers 192,465 155,200 13,615 - - -
Trust Receipts 12,253,773 8,200,011 11,441,828 7,483,770 1,065 15,976
Other Receipts 553,039 1,330,281 328,539 841,281 64,647 28,904
Total Cash Inflows 242,679,538 226,245,683 227,620,059 206,076,359 10,864,667 10,493,521
Adjustments 521,216 1,139,909 455,544 189,600 11,148 15,069
Adjusted Cash Inflows 243,200,754 227,385,592 228,075,603 206,265,959 10,875,815 10,508,589
Cash Outflows
Payment of Expenses 124,053,737 126,056,878 115,730,251 117,824,912 1,647,326 1,680,597
Purchase of Inventories 7,656,443 8,008,072 7,565,735 7,886,883 7,334,745 7,406,499
Grant of Cash Advances 128,624 92,661 56,366 67,164 - -
Prepayments 239,951 115,815 76,119 84,056 558 9,373
Refund of Deposits 22,851 33,329 20,477 32,292 5,543 30,069
Payments of Accounts Payable 12,419,427 13,170,314 7,154,914 7,002,630 1,140,850 865,007
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 17,451,186 15,433,199 16,937,535 14,813,326 361,525 475,255
Grant of Financial Assistance/Subsidy/
Contribution 35,686,000 34,603,539 35,685,438 34,602,433 - -
Release of Inter-Agency Fund Transfers 444,747 802,927 173,186 14,158 - -
Release of Intra-Agency Fund Transfers 25,104 10 25,104 10 - -
Other Disbursements 16,962,566 17,359,731 16,276,445 16,920,272 - -
Total Cash Outflows 215,090,636 215,676,473 199,701,569 199,248,136 10,490,546 10,466,801
Adjustments 166,103 113,358 307,553 94,909 14,676 11,538
Adjusted Cash Outflows 215,256,739 215,789,831 200,009,122 199,343,044 10,505,222 10,478,339
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment 754 4 14 0 - -
Sale of Investments 1,051,652 200,708 1,051,652 200,126 1,020 126
Receipt of Interest Earned 145,532 100,847 127,393 90,235 7,523 9,614
Receipt of Cash Dividends 140 - 140 - 140 -
Proceeds from Matured Investments/Redemption 9,566,757 10,426,090 7,774,287 9,038,300 - -
Proceeds from Sale of Other Assets 429 287 429 287 81 -
Total Cash Inflows 10,765,264 10,727,936 8,953,915 9,328,948 8,764 9,740
Adjustments (Please specify) 81,848 2,633 - - - -
Adjusted Cash Inflows 10,847,113 10,730,570 8,953,915 9,328,948 8,764 9,740
Cash Outflows
Purchase/Construction of Investment Property 65,783 - 65,783 - - -
Purchase/Construction of Property, Plant and
Equipment 4,986,926 3,344,861 3,895,348 2,107,319 132,121 111,574
Purchase/Acquisition of Investments 10,975,401 3,784,838 8,583,753 2,248,983 - -
Purchase of Intangible Assets 47,107 15,380 47,107 15,380 3,792 100
Total Cash Outflows 16,075,217 7,145,080 12,591,991 4,371,682 135,913 111,674
Adjustments (Please specify) - 1,421,130 - 1,101,783 - -
Adjusted Cash Outflows 16,075,217 8,566,209 12,591,991 5,473,466 135,913 111,674
825
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government 202,200 404,000 - - - -
Total Cash Inflows 202,200 404,000 - - - -
Adjusted Cash Inflows 202,200 404,000 - - - -
Cash Outflows
Payment of Long-Term Liabilities 884,335 1,329,967 879,876 1,325,906 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income 1,505,943 2,267,697 1,505,943 2,267,697 74,738 170,678
Total Cash Outflows 2,390,278 3,597,665 2,385,820 3,593,603 74,738 170,678
Adjusted Cash Outflows 2,390,278 3,597,665 2,385,820 3,593,603 74,738 170,678
CASH AND CASH EQUIVALENTS, JANUARY 1 67,465,737 56,866,708 58,822,722 51,610,661 1,679,780 1,894,874
CASH AND CASH EQUIVALENTS, DECEMBER 31 87,984,709 67,465,737 80,855,724 58,822,722 1,838,778 1,679,780
826
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 79,336 105,806 - - - -
Collection of Income/Revenue - - 58,774,523 53,839,835 33,423,870 26,586,664
Receipt of Assistance/Subsidy - - - - - -
Collection of Receivables - - 229,381 132,610 234 4,918
Receipt of Inter-Agency Fund Transfers - - - - - 30,332
Receipt of Intra-Agency Fund Transfers - - - - 13,615 -
Trust Receipts - - - - 10,944 49,624
Other Receipts - - 260,404 809,522 128 -
Total Cash Inflows 79,336 105,806 59,264,308 54,781,968 33,448,790 26,671,538
Adjustments - - 431,619 174,531 - -
Adjusted Cash Inflows 79,336 105,806 59,695,927 54,956,499 33,448,790 26,671,538
Cash Outflows
Payment of Expenses 69,689 94,616 5,100,759 7,529,966 2,021,979 1,944,128
Purchase of Inventories - - 39,032 47,973 184,205 422,577
Grant of Cash Advances - - 730 556 47,911 61,178
Prepayments - - 74,336 73,427 1,224 1,256
Refund of Deposits - - 14,933 1,623 - 600
Payments of Accounts Payable - - 925,797 1,193,167 3,495,487 3,579,940
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 5,824 5,899 8,143,829 4,441,991 8,299,528 9,758,548
Grant of Financial Assistance/Subsidy/
Contribution - - 35,685,438 34,602,433 - -
Release of Inter-Agency Fund Transfers - - 172,536 13,307 - -
Release of Intra-Agency Fund Transfers - - - - 25,104 10
Other Disbursements - - 84,427 101,681 15,120,819 16,438,410
Total Cash Outflows 75,513 100,516 50,241,818 48,006,125 29,196,256 32,206,648
Adjustments - - 178,860 83,370 - -
Adjusted Cash Outflows 75,513 100,516 50,420,678 48,089,496 29,196,256 32,206,648
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - 14 0
Sale of Investments - - - - - 200,000
Receipt of Interest Earned - - 116,914 78,644 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 548,933 1,934,657
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 116,914 78,644 548,948 2,134,658
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - 116,914 78,644 548,948 2,134,658
Cash Outflows
Purchase/Construction of Investment Property - - 65,783 - - -
Purchase/Construction of Property, Plant and
Equipment 587 2,563 3,266,533 1,381,681 45,982 102,238
Purchase/Acquisition of Investments - - - - 100,000 1,194,638
Purchase of Intangible Assets - - 43,315 15,279 - -
Total Cash Outflows 587 2,563 3,375,631 1,396,961 145,982 1,296,876
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 587 2,563 3,375,631 1,396,961 145,982 1,296,876
827
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - 879,666 1,325,191 - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 1,182,620 1,898,319 - -
Total Cash Outflows - - 2,062,286 3,223,510 - -
Adjusted Cash Outflows - - 2,062,286 3,223,510 - -
CASH AND CASH EQUIVALENTS, JANUARY 1 12,327 9,600 10,913,434 8,588,258 5,670,484 10,367,812
CASH AND CASH EQUIVALENTS, DECEMBER 31 15,563 12,327 14,867,680 10,913,434 10,325,983 5,670,484
828
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - 9,599 11,261 75,134 435,326
Collection of Income/Revenue 62,345,796 55,275,036 25,507 25,380 1,405 69
Receipt of Assistance/Subsidy 49,329,582 50,149,305 - - - -
Collection of Receivables - - 3,414 3,420 - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - 53,969 11,290,965 7,274,026 138,854 90,175
Other Receipts 3 60 935 638 1,141 764
Total Cash Inflows 111,675,380 105,478,371 11,330,419 7,314,725 216,534 526,335
Adjustments - - 12,777 - - -
Adjusted Cash Inflows 111,675,380 105,478,371 11,343,196 7,314,725 216,534 526,335
Cash Outflows
Payment of Expenses 106,577,564 106,316,721 92,171 75,175 29,725 30,913
Purchase of Inventories - - 7,754 9,833 - -
Grant of Cash Advances - - - - - -
Prepayments - - - - - -
Refund of Deposits - - - - - -
Payments of Accounts Payable - - 1,441,862 955,267 150,918 409,248
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 95,319 74,905 9,759 30,937
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 650 851 - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements - - 891,737 229,209 32 18,581
Total Cash Outflows 106,577,564 106,316,721 2,529,493 1,345,239 190,434 489,680
Adjustments - - 114,018 - - -
Adjusted Cash Outflows 106,577,564 106,316,721 2,643,511 1,345,239 190,434 489,680
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments 1,050,632 - - - - -
Receipt of Interest Earned - - 2,956 1,977 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 5,399,753 5,752,176 1,260,765 119,346 - -
Proceeds from Sale of Other Assets 348 287 - - - -
Total Cash Inflows 6,450,733 5,752,464 1,263,721 121,323 - -
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows 6,450,733 5,752,464 1,263,721 121,323 - -
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant and
Equipment 439,902 502,493 4,265 481 33 -
Purchase/Acquisition of Investments 7,490,786 - - - - -
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 7,930,688 502,493 4,265 481 33 -
Adjustments (Please specify) - - - 1,101,783 - -
Adjusted Cash Outflows 7,930,688 502,493 4,265 1,102,265 33 -
829
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - 210 715
Payment of Cash Dividends/Share of NG to
GOCCs Income - - 38,150 8,259 - -
Total Cash Outflows - - 38,150 8,259 210 715
Adjusted Cash Outflows - - 38,150 8,259 210 715
CASH AND CASH EQUIVALENTS, JANUARY 1 29,938,837 25,527,217 9,951,903 4,971,618 94,766 58,826
CASH AND CASH EQUIVALENTS, DECEMBER 31 33,556,699 29,938,837 19,873,017 9,951,903 120,623 94,766
830
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - 249,762 281,846 132,789 158,163
Collection of Income/Revenue 734,083 699,071 7,827,472 7,803,991 111,057 115,709
Receipt of Assistance/Subsidy - - 3,470,455 4,365,184 - -
Collection of Receivables 5,261 3,632 1,211,453 2,029,372 - -
Receipt of Inter-Agency Fund Transfers - - 1,085,042 4,328,489 - -
Receipt of Intra-Agency Fund Transfers - - 178,850 155,200 134,797 80,533
Trust Receipts - - 811,945 716,241 2,717 378
Other Receipts 1,282 1,392 224,500 489,001 2,610 1,872
Total Cash Inflows 740,626 704,096 15,059,479 20,169,324 383,971 356,655
Adjustments - - 65,672 950,310 - -
Adjusted Cash Inflows 740,626 704,096 15,125,151 21,119,633 383,971 356,655
Cash Outflows
Payment of Expenses 191,037 152,794 8,323,487 8,231,966 170,429 130,257
Purchase of Inventories - - 90,708 121,189 81,947 100,755
Grant of Cash Advances 7,725 5,430 72,257 25,497 555 312
Prepayments - - 163,833 31,759 1,240 2,808
Refund of Deposits - - 2,374 1,037 - -
Payments of Accounts Payable - - 5,264,513 6,167,683 - -
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 21,753 25,790 513,651 619,873 9,461 10,183
Grant of Financial Assistance/Subsidy/
Contribution - - 562 1,106 - -
Release of Inter-Agency Fund Transfers - - 271,561 788,769 - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 179,429 132,391 686,121 439,459 7,892 7,408
Total Cash Outflows 399,944 316,406 15,389,067 16,428,337 271,523 251,725
Adjustments - - (141,450) 18,449 - -
Adjusted Cash Outflows 399,944 316,406 15,247,617 16,446,786 271,523 251,725
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 739 4 - -
Sale of Investments - - - 582 - -
Receipt of Interest Earned - - 18,140 10,612 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 564,836 1,232,120 1,792,470 1,387,790 - -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 564,836 1,232,120 1,811,349 1,398,988 - -
Adjustments (Please specify) - - 81,848 2,633 - -
Adjusted Cash Inflows 564,836 1,232,120 1,893,197 1,401,622 - -
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant and
Equipment 5,925 6,290 1,091,577 1,237,542 2,491 3,032
Purchase/Acquisition of Investments 992,966 1,054,345 2,391,648 1,535,855 - -
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 998,891 1,060,635 3,483,226 2,773,397 2,491 3,032
Adjustments (Please specify) - - - 319,346 - -
Adjusted Cash Outflows 998,891 1,060,635 3,483,226 3,092,743 2,491 3,032
831
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - 202,200 404,000 - -
Total Cash Inflows - - 202,200 404,000 - -
Adjusted Cash Inflows - - 202,200 404,000 - -
Cash Outflows
Payment of Long-Term Liabilities - - 4,458 4,061 4,458 4,061
Payment of Cash Dividends/Share of NG to
GOCCs Income 210,435 190,441 - - - -
Total Cash Outflows 210,435 190,441 4,458 4,061 4,458 4,061
Adjusted Cash Outflows 210,435 190,441 4,458 4,061 4,458 4,061
CASH AND CASH EQUIVALENTS, JANUARY 1 561,191 192,456 8,643,015 5,256,047 287,351 189,498
CASH AND CASH EQUIVALENTS, DECEMBER 31 257,382 561,191 7,128,985 8,643,015 392,825 287,351
832
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services - - 3,533 - - -
Collection of Income/Revenue 199,200 174,943 55,445 - 1,177,653 1,140,345
Receipt of Assistance/Subsidy 244,495 242,197 220,000 195,000 - -
Collection of Receivables 66,218 4,273 4,046 47,228 - -
Receipt of Inter-Agency Fund Transfers - - - - - -
Receipt of Intra-Agency Fund Transfers - - 27,780 23,344 - -
Trust Receipts 30,576 6,603 822 - - -
Other Receipts 5,031 1,836 5,604 9,708 - -
Total Cash Inflows 545,520 429,852 317,230 275,280 1,177,653 1,140,345
Adjustments - - - - - -
Adjusted Cash Inflows 545,520 429,852 317,230 275,280 1,177,653 1,140,345
Cash Outflows
Payment of Expenses 319,154 284,261 195,387 277,193 - -
Purchase of Inventories 1,641 3,322 19 - - -
Grant of Cash Advances - - 16,819 19 830 633
Prepayments 13,052 8,462 9,717 - - -
Refund of Deposits 600 - 945 - - -
Payments of Accounts Payable 53,407 53,240 33,214 - 945,698 1,018,657
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - 2,454 - - -
Grant of Financial Assistance/Subsidy/
Contribution - - 58 - - -
Release of Inter-Agency Fund Transfers - - - - - -
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 79,718 26,919 19,211 - - -
Total Cash Outflows 467,572 376,204 277,824 277,211 946,528 1,019,290
Adjustments - - - - - -
Adjusted Cash Outflows 467,572 376,204 277,824 277,211 946,528 1,019,290
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 42 - - -
Sale of Investments - - - - - 582
Receipt of Interest Earned - - 639 701 6,717 4,080
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 1,246,542 1,205,315
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 681 701 1,253,259 1,209,977
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - 681 701 1,253,259 1,209,977
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant and
Equipment 49,000 28,966 3,508 1,471 25,551 34,603
Purchase/Acquisition of Investments - - - - 1,485,808 1,291,389
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 49,000 28,966 3,508 1,471 1,511,359 1,325,992
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 49,000 28,966 3,508 1,471 1,511,359 1,325,992
833
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows - - - - - -
Adjusted Cash Outflows - - - - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 171,014 146,331 159,870 160,930 90,903 85,397
CASH AND CASH EQUIVALENTS, DECEMBER 31 199,962 171,014 196,962 159,870 63,911 90,903
834
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 123 230 - - - -
Collection of Income/Revenue 221,322 152,075 2,614,360 3,092,687 8,493 10,322
Receipt of Assistance/Subsidy 265,190 202,144 265,889 332,206 44,745 28,169
Collection of Receivables 409,253 425,221 - - 550 54
Receipt of Inter-Agency Fund Transfers 313,103 81,354 337,956 451,591 618 523
Receipt of Intra-Agency Fund Transfers - - - - - -
Trust Receipts - - 540,008 524,315 - -
Other Receipts 80,758 171,630 - - 36 -
Total Cash Inflows 1,289,749 1,032,654 3,758,213 4,400,799 54,441 39,069
Adjustments - - - - 456 -
Adjusted Cash Inflows 1,289,749 1,032,654 3,758,213 4,400,799 54,897 39,069
Cash Outflows
Payment of Expenses 796,506 752,382 3,363,862 3,618,166 20,968 10,286
Purchase of Inventories - - - - 805 675
Grant of Cash Advances - - - - 100 -
Prepayments - - - - - 203
Refund of Deposits - - - - - -
Payments of Accounts Payable - - - - 1,010 2,405
Remittance of Personnel Benefit Contributions
and Mandatory Deductions - - - - 1,865 46
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - 54,070 424,187 140 1,021
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 441,337 247,690 - - 19 -
Total Cash Outflows 1,237,843 1,000,072 3,417,932 4,042,353 24,907 14,636
Adjustments - - 252 - 57 -
Adjusted Cash Outflows 1,237,843 1,000,072 3,418,185 4,042,353 24,964 14,636
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 11,772 59,165
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - - - 11,772 59,165
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - - - 11,772 59,165
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant and
Equipment 50,666 50,123 123,416 47,959 20 14,790
Purchase/Acquisition of Investments - - - - 11,645 88,696
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 50,666 50,123 123,416 47,959 11,665 103,486
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 50,666 50,123 123,416 47,959 11,665 103,486
835
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - 202,200 404,000 - -
Total Cash Inflows - - 202,200 404,000 - -
Adjusted Cash Inflows - - 202,200 404,000 - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows - - - - - -
Adjusted Cash Outflows - - - - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 290,832 308,373 2,578,963 1,864,476 22,133 42,021
CASH AND CASH EQUIVALENTS, DECEMBER 31 292,073 290,832 2,997,776 2,578,963 52,173 22,133
836
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 104,161 106,979 - - - -
Collection of Income/Revenue 22,024 32,041 2,951,483 2,644,325 1,651 5,511
Receipt of Assistance/Subsidy 538,163 927,323 613,594 453,424 163,537 73,672
Collection of Receivables 363,209 319,115 301,421 360,952 16,636 42,553
Receipt of Inter-Agency Fund Transfers 431,464 3,484,269 - - 1,400 28,676
Receipt of Intra-Agency Fund Transfers 16,254 47,995 - - - -
Trust Receipts 134,799 166,986 - - 15,317 13,158
Other Receipts 11,264 3,280 - - 12,824 21,564
Total Cash Inflows 1,621,337 5,087,989 3,866,498 3,458,701 211,365 185,134
Adjustments 35,573 933,610 220 - - -
Adjusted Cash Inflows 1,656,910 6,021,599 3,866,718 3,458,701 211,365 185,134
Cash Outflows
Payment of Expenses 686,006 669,424 1,286,189 1,129,499 93,734 68,351
Purchase of Inventories 447 570 - - 1,272 1,200
Grant of Cash Advances 684 350 - - 9,663 11,496
Prepayments 94,641 2,749 - - 8,253 6,149
Refund of Deposits - - - - 520 580
Payments of Accounts Payable 1,969,494 2,905,528 2,042,367 1,739,896 - 2,724
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 309,386 235,909 - - 34,168 31,991
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - 36,518 78,205
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 128,874 131,071 - - - -
Total Cash Outflows 3,189,533 3,945,600 3,328,556 2,869,395 184,127 200,696
Adjustments 2,000 5,736 - 228 2,427 12,484
Adjusted Cash Outflows 3,191,533 3,951,336 3,328,556 2,869,623 186,555 213,181
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - 698 4 - -
Sale of Investments - - - - - -
Receipt of Interest Earned - - 9,665 4,368 - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption - - - - 62,945 57,863
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows - - 10,363 4,372 62,945 57,863
Adjustments (Please specify) - - - - - -
Adjusted Cash Inflows - - 10,363 4,372 62,945 57,863
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant and
Equipment 71,750 470,748 286,148 159,735 7,075 3,402
Purchase/Acquisition of Investments - - - - 79,939 90,323
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 71,750 470,748 286,148 159,735 87,015 93,725
Adjustments (Please specify) - - - - - -
Adjusted Cash Outflows 71,750 470,748 286,148 159,735 87,015 93,725
837
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows - - - - - -
Adjusted Cash Outflows - - - - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 1,863,463 263,948 960,469 523,533 282,171 346,120
CASH AND CASH EQUIVALENTS, DECEMBER 31 257,091 1,863,463 1,223,282 960,469 282,728 282,171
838
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Proceeds from Sale of Goods and Services 9,156 16,474 - - - -
Collection of Income/Revenue 3,382 4,002 170,796 154,885 54,256 33,081
Receipt of Assistance/Subsidy 109,539 30,035 317,273 829,002 688,030 1,052,013
Collection of Receivables 15,058 36,975 - - 34,528 793,000
Receipt of Inter-Agency Fund Transfers 500 - - - - 282,076
Receipt of Intra-Agency Fund Transfers 19 3,327 - - - -
Trust Receipts 641 1,235 71,429 1,257 - -
Other Receipts 3,797 1,298 8,595 1,831 91,845 274,581
Total Cash Inflows 142,092 93,347 568,093 986,975 868,659 2,434,751
Adjustments (471) 2,669 26,409 2,586 - 11
Adjusted Cash Inflows 141,621 96,016 594,502 989,561 868,659 2,434,761
Cash Outflows
Payment of Expenses 62,487 67,051 261,650 189,389 973,174 958,364
Purchase of Inventories 4,500 14,667 78 - - -
Grant of Cash Advances 1,132 1,713 28,256 - 10,417 -
Prepayments 36,866 11,134 60 114 4 139
Refund of Deposits 310 456 - - - -
Payments of Accounts Payable 3,337 3,337 - - 214,297 439,852
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 23,124 21,019 45,446 116,108 87,151 197,553
Grant of Financial Assistance/Subsidy/
Contribution - - - - - -
Release of Inter-Agency Fund Transfers - - - - 180,833 285,356
Release of Intra-Agency Fund Transfers - - - - - -
Other Disbursements 518 864 - - - 450
Total Cash Outflows 132,274 120,241 335,490 305,612 1,465,876 1,881,715
Adjustments - - - - (146,187) -
Adjusted Cash Outflows 132,274 120,241 335,490 305,612 1,319,689 1,881,715
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - - - - - -
Sale of Investments - - - - - -
Receipt of Interest Earned 1,119 1,464 - - - -
Receipt of Cash Dividends - - - - - -
Proceeds from Matured Investments/Redemption 414,256 65,447 - - 56,954 -
Proceeds from Sale of Other Assets - - - - - -
Total Cash Inflows 415,374 66,911 - - 56,954 -
Adjustments (Please specify) - - 81,848 2,633 - -
Adjusted Cash Inflows 415,374 66,911 81,848 2,633 56,954 -
Cash Outflows
Purchase/Construction of Investment Property - - - - - -
Purchase/Construction of Property, Plant and
Equipment 6,988 3,136 462,698 416,752 1,008 2,193
Purchase/Acquisition of Investments 414,256 65,447 - - - -
Purchase of Intangible Assets - - - - - -
Total Cash Outflows 421,244 68,583 462,698 416,752 1,008 2,193
Adjustments (Please specify) - - - - - 319,346
Adjusted Cash Outflows 421,244 68,583 462,698 416,752 1,008 321,539
839
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
Cash Inflows
Equity/Contribution from National Government - - - - - -
Total Cash Inflows - - - - - -
Adjusted Cash Inflows - - - - - -
Cash Outflows
Payment of Long-Term Liabilities - - - - - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - - - - - -
Total Cash Outflows - - - - - -
Adjusted Cash Outflows - - - - - -
CASH AND CASH EQUIVALENTS, JANUARY 1 149,348 175,245 423,399 153,568 816,744 585,238
CASH AND CASH EQUIVALENTS, DECEMBER 31 152,826 149,348 301,562 423,399 421,661 816,744
840
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
VFP
2017 2016
Cash Inflows
Proceeds from Sale of Goods and Services - -
Collection of Income/Revenue 236,349 244,063
Receipt of Assistance/Subsidy - -
Collection of Receivables 537 -
Receipt of Inter-Agency Fund Transfers - -
Receipt of Intra-Agency Fund Transfers - -
Trust Receipts 15,635 2,309
Other Receipts 2,135 1,401
Total Cash Inflows 254,656 247,773
Adjustments 3,485 11,434
Adjusted Cash Inflows 258,141 259,207
Cash Outflows
Payment of Expenses 93,939 77,342
Purchase of Inventories - -
Grant of Cash Advances 3,803 10,975
Prepayments - -
Refund of Deposits - -
Payments of Accounts Payable 1,689 2,044
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 596 7,064
Grant of Financial Assistance/Subsidy/
Contribution 504 1,106
Release of Inter-Agency Fund Transfers - -
Release of Intra-Agency Fund Transfers - -
Other Disbursements 8,552 25,057
Total Cash Outflows 109,083 123,588
Adjustments - -
Adjusted Cash Outflows 109,083 123,588
Cash Inflows
Proceeds from Sale/Disposal of Property, Plant
and Equipment - -
Sale of Investments - -
Receipt of Interest Earned - -
Receipt of Cash Dividends - -
Proceeds from Matured Investments/Redemption - -
Proceeds from Sale of Other Assets - -
Total Cash Inflows - -
Adjustments (Please specify) - -
Adjusted Cash Inflows - -
Cash Outflows
Purchase/Construction of Investment Property - -
Purchase/Construction of Property, Plant and
Equipment 1,259 634
Purchase/Acquisition of Investments 400,000 -
Purchase of Intangible Assets - -
Total Cash Outflows 401,259 634
Adjustments (Please specify) - -
Adjusted Cash Outflows 401,259 634
841
Cluster 6 - Social, Culutral, Trading, Promotional and Other Services
Statement of Cash Flows
For the year ended December 31, 2017
(in thousand pesos)
VFP
2017 2016
Cash Inflows
Equity/Contribution from National Government - -
Total Cash Inflows - -
Adjusted Cash Inflows - -
Cash Outflows
Payment of Long-Term Liabilities - -
Payment of Cash Dividends/Share of NG to
GOCCs Income - -
Total Cash Outflows - -
Adjusted Cash Outflows - -
842
STATEMENT OF
COMPARISON OF
BUDGET AND ACTUAL
AMOUNTS
Cluster 1 - Banking and Credit
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 2,737 2,737 2,721 16
Assistance and Subsidy 115,545 115,545 47,574 67,971
Shares, Grants and Donations 31,000 29,000 7,103 21,897
Others - - 1,786 (1,786)
Total Receipts 149,282 147,282 59,183 88,099
PAYMENTS
Personnel Services 44,808 42,066 28,580 13,486
Maintenance and Other Operating Expenses 114,070 110,279 49,641 60,638
Capital Outlay 55,421 55,421 18,834 36,587
Financial Expenses - - 3 (3)
Total Payments 214,299 207,766 97,058 110,708
CB-BOL
RECEIPTS
Services and Business Income 1,137 1,137 1,799 (662)
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Others - - - -
Total Receipts 1,137 1,137 1,799 (662)
PAYMENTS
Personnel Services 1,948 1,948 1,400 548
Maintenance and Other Operating 7,645 7,645 2,148 5,497
Capital Outlay - - - -
Financial Expenses - - - -
Total Payments 9,593 9,593 3,548 6,046
843
Cluster 1 - Banking and Credit
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
CIC
RECEIPTS
Services and Business Income - - 223 (223)
Assistance and Subsidy 115,545 115,545 47,574 67,971
Shares, Grants and Donations - - - -
Others - - 1,646 (1,646)
Total Receipts 115,545 115,545 49,444 66,101
PAYMENTS
Personnel Services 31,432 30,081 19,489 10,592
Maintenance and Other Operating Expenses 81,652 79,034 29,302 49,732
Capital Outlay 55,421 55,421 18,834 36,587
Financial Expenses - - - -
Total Payments 168,505 164,536 67,625 96,911
LCDFI
RECEIPTS
Services and Business Income 1,600 1,600 698 902
Assistance and Subsidy - - - -
Shares, Grants and Donations 31,000 29,000 7,103 21,897
Others - - 139 (139)
Total Receipts 32,600 30,600 7,940 22,660
PAYMENTS
Personnel Services 11,428 10,037 7,691 2,346
Maintenance and Other Operating 24,773 23,599 18,191 5,409
Capital Outlay - - - -
Financial Expenses - - 3 (3)
Total Payments 36,200 33,636 25,885 7,751
844
Cluster 2 - Social Security Services and Housing
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 2,416,886 2,471,459 1,520,249 951,210
Assistance and Subsidy 91,236,251 91,236,251 19,826,452 71,409,799
Others - - 512,151 (512,151)
Total Receipts 93,653,137 93,707,710 21,858,852 71,848,858
PAYMENTS
Personnel Services 1,235,548 1,064,430 768,853 295,577
Maintenance and Other Operating Expenses 1,355,891 973,530 744,935 228,595
Capital Outlay 90,997,786 90,997,786 14,757,966 76,239,820
Financial Expenses - - 185,761 (185,761)
Total Payments 93,589,225 93,035,746 16,457,515 76,578,231
ECC
RECEIPTS
Services and Business Income 76,527 92,518 69,915 22,603
Assistance and Subsidy 114,695 114,695 110,566 4,129
Others - - - -
Total Receipts 191,222 207,213 180,481 26,732
PAYMENTS
Personnel Services 57,057 66,436 64,509 1,927
Maintenance and Other Operating Expenses 83,509 83,509 75,867 7,642
Capital Outlay 30,536 30,536 6,481 24,055
Financial Expenses - - - -
Total Payments 171,102 180,481 146,857 33,624
845
Cluster 2 - Social Security Services and Housing
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
NHA
RECEIPTS
Services and Business Income 2,173,234 2,173,234 1,313,264 859,970
Assistance and Subsidy 90,957,739 90,957,739 19,557,279 71,400,460
Others - - 512,151 (512,151)
Total Receipts 93,130,973 93,130,973 21,382,694 71,748,279
PAYMENTS
Personnel Services 1,107,621 918,597 631,887 286,710
Maintenance and Other Operating Expenses 1,159,145 776,784 600,091 176,693
Capital Outlay 90,864,207 90,864,207 14,720,929 76,143,278
Financial Expenses - - 185,761 (185,761)
Total Payments 93,130,973 92,559,588 16,138,669 76,420,919
OSHC
RECEIPTS
Services and Business Income 167,125 205,707 137,070 68,637
Assistance and Subsidy 163,817 163,817 158,607 5,210
Others - - - -
Total Receipts 330,942 369,524 295,677 73,847
PAYMENTS
Personnel Services 70,870 79,397 72,456 6,941
Maintenance and Other Operating Expenses 113,237 113,237 68,977 44,260
Capital Outlay 103,043 103,043 30,556 72,487
Financial Expenses - - - -
Total Payments 287,150 295,677 171,989 123,688
846
Cluster 3 - Public Utilities
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 93,155,688 92,632,811 88,757,740 3,875,071
Assistance and Subsidy 9,481,473 9,481,473 5,540,678 3,940,795
Shares, Grants and Donations 15,372,491 12,607,625 25,508,030 (12,900,405)
Gains - - 1,101,618 (1,101,618)
Others 6,019,276 - - -
Total Receipts 124,028,928 114,721,909 120,908,066 (6,186,156)
PAYMENTS
Personnel Services 6,385,123 5,679,281 3,946,837 1,732,444
Maintenance and Other Operating Expenses 126,483,241 128,704,241 84,217,196 44,487,045
Capital Outlay 14,261,315 14,557,509 3,917,942 10,639,567
Financial Expenses 63,658,869 63,415,799 61,192,678 2,223,121
Others 7,940,288 7,792,615 4,696,913 3,095,702
Total Payments 218,728,835 220,149,445 157,971,566 62,177,879
LRTA
RECEIPTS
Services and Business Income 1,483,450 1,483,450 1,580,118 (96,668)
Assistance and Subsidy 3,768,556 3,768,556 3,790,652 (22,096)
Shares, Grants and Donations - - - -
Gains - - 20 (20)
Others - - 22,962 (22,962)
Total Receipts 5,252,006 5,252,006 5,393,752 (141,746)
PAYMENTS
Personnel Services 513,816 513,604 413,107 100,497
Maintenance and Other Operating Expenses 1,331,577 1,304,818 994,689 310,129
Capital Outlay 94,025 94,025 478,631 (384,606)
Financial Expenses 3,312,589 3,312,589 3,876,071 (563,482)
Others - - - -
Total Payments 5,252,006 5,225,036 5,762,499 (537,463)
847
Cluster 3 - Public Utilities
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
LWUA
RECEIPTS
Services and Business Income 1,197,740 1,137,740 1,101,505 36,234
Assistance and Subsidy 1,625,023 1,625,023 29,155 1,595,868
Shares, Grants and Donations - - - -
Gains - - - -
Others 1,877,602 1,877,602 136,482 1,741,120
Total Receipts 4,700,365 4,640,365 1,267,142 3,373,223
PAYMENTS
Personnel Services 413,053 324,830 236,605 88,225
Maintenance and Other Operating Expenses 461,793 458,806 406,676 52,130
Capital Outlay 4,382,232 4,382,232 510,105 3,872,127
Financial Expenses 694,894 694,894 714,077 (19,183)
Others - - - -
Total Payments 5,951,972 5,860,762 1,867,462 3,993,300
MWSS
RECEIPTS
Services and Business Income 2,446,655 2,446,655 2,473,183 (26,528)
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others 584,383 558,796 38,847 519,949
Total Receipts 3,031,038 3,005,451 2,512,030 493,421
PAYMENTS
Personnel Services 316,748 252,787 140,201 112,586
Maintenance and Other Operating Expenses 2,183,735 1,930,012 1,745,728 184,284
Capital Outlay 504,968 504,968 68,160 436,808
Financial Expenses - - - -
Others - - - -
Total Payments 3,005,451 2,687,767 1,954,089 733,678
848
Cluster 3 - Public Utilities
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
NEA
RECEIPTS
Services and Business Income 583,813 583,813 621,105 (37,292)
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others 104,880 104,880 86,974 17,906
Total Receipts 688,693 688,693 708,078 (19,385)
PAYMENTS
Personnel Services 386,031 386,031 239,037 146,994
Maintenance and Other Operating Expenses 209,964 209,964 300,603 (90,639)
Capital Outlay 25,463 25,463 4,403 21,060
Financial Expenses 366 366 67,714 (67,348)
Others - - - -
Total Payments 621,824 621,824 611,757 10,067
NPC
RECEIPTS
Services and Business Income 3,064,458 2,806,515 3,420,380 (613,865)
Assistance and Subsidy 2,798,245 2,798,245 1,191,680 1,606,565
Shares, Grants and Donations 12,725,854 9,960,988 10,804,581 (843,593)
Gains - - - -
Others 945,555 694,100 2,171,065 (1,476,965)
Total Receipts 19,534,112 16,259,848 17,587,706 (1,327,858)
PAYMENTS
Personnel Services 2,051,991 1,235,962 385,792 850,170
Maintenance and Other Operating Expenses 10,365,590 11,608,745 6,795,292 4,813,452
Capital Outlay 4,788,081 4,723,443 1,089,061 3,634,382
Financial Expenses 54,370 53,900 59,061 (5,162)
Others 3,728,146 3,735,371 4,360,838 (625,467)
Total Payments 20,988,178 21,357,421 12,690,045 8,667,376
849
Cluster 3 - Public Utilities
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PNR
RECEIPTS
Services and Business Income 609,632 609,632 393,087 216,545
Assistance and Subsidy 1,289,649 1,289,649 529,191 760,458
Shares, Grants and Donations - - - -
Gains - - - -
Others - - 24,354 (24,354)
Total Receipts 1,899,281 1,899,281 946,632 952,649
PAYMENTS
Personnel Services 136,154 136,114 101,292 34,822
Maintenance and Other Operating Expenses 697,892 692,858 739,271 (46,413)
Capital Outlay 487,400 487,400 71,654 415,746
Financial Expenses 574,649 574,649 15,242 559,407
Others - - - -
Total Payments 1,896,095 1,891,021 927,459 963,562
PPC
RECEIPTS
Services and Business Income 4,787,522 4,582,588 3,478,734 1,103,854
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others 599,797 536,537 57,978 478,559
Total Receipts 5,387,318 5,119,125 3,536,712 1,582,412
PAYMENTS
Personnel Services 1,822,014 2,035,970 1,833,122 202,848
Maintenance and Other Operating Expenses 2,718,714 2,337,294 1,269,019 1,068,276
Capital Outlay - - - -
Financial Expenses 21,768 21,768 20,182 1,587
Others 660,160 505,262 336,075 169,187
Total Payments 5,222,656 4,900,295 3,458,398 1,441,897
850
Cluster 3 - Public Utilities
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PSALM
RECEIPTS
Services and Business Income 75,395,433 75,395,433 75,585,093 (189,661)
Assistance and Subsidy - - - -
Shares, Grants and Donations 2,646,637 2,646,637 14,703,449 (12,056,812)
Gains - - 1,101,598 (1,101,598)
Others - - 40,989 (40,989)
Total Receipts 78,042,070 78,042,070 91,431,130 (13,389,060)
PAYMENTS
Personnel Services 606,720 606,720 482,727 123,993
Maintenance and Other Operating Expenses 108,334,246 109,982,015 71,858,789 38,123,225
Capital Outlay 2,430,198 2,791,029 1,180,212 1,610,817
Financial Expenses 59,000,103 58,757,503 56,440,300 2,317,203
Others - - - -
Total Payments 170,371,267 172,137,267 129,962,028 42,175,238
TRANSCO
RECEIPTS
Services and Business Income 3,586,986 3,586,986 104,535 3,482,451
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others 1,907,059 1,881,067 523,266 1,357,801
Total Receipts 5,494,045 5,468,053 627,801 4,840,252
PAYMENTS
Personnel Services 138,596 187,263 114,955 72,308
Maintenance and Other Operating Expenses 179,729 179,729 107,128 72,601
Capital Outlay 1,548,949 1,548,949 515,714 1,033,235
Financial Expenses 130 130 32 98
Others 3,551,982 3,551,982 - 3,551,982
Total Payments 5,419,386 5,468,053 737,830 4,730,223
851
Cluster 4 - Industrial and Area Development
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 395,785 392,463 433,157 (40,694)
Assistance and Subsidy 386,055 353,793 105,811 247,982
Shares, Grants and Donations - - 16,831 (16,831)
Gains - - 360 (360)
Others 58,159 58,159 3,856 54,303
Total Receipts 839,999 804,415 560,016 244,399
PAYMENTS
Personnel Services 182,628 177,551 152,313 25,238
Maintenance and Other Operating Expenses 206,161 189,032 189,017 16
Capital Outlay 426,997 394,735 135,871 258,864
Financial Expenses - - 17 (17)
Others - - 48,302 (48,302)
Total Payments 815,786 761,319 525,520 235,799
APECO
RECEIPTS
Services and Business Income 10,767 7,445 11,389 (3,944)
Assistance and Subsidy 386,055 353,793 105,811 247,982
Shares, Grants and Donations - - - -
Gains - - - -
Others - - - -
Total Receipts 396,822 361,238 117,200 244,038
PAYMENTS
Personnel Services 20,915 20,379 20,295 84
Maintenance and Other Operating Expenses 29,852 27,066 26,403 663
Capital Outlay 346,055 313,793 112,222 201,571
Financial Expenses - - - -
Others - - - -
Total Payments 396,822 361,238 158,920 202,318
852
Cluster 4 - Industrial and Area Development
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
CFI
RECEIPTS
Services and Business Income 21,295 21,295 18,270 3,025
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others 700 700 1,064 (364)
Total Receipts 21,995 21,995 19,334 2,661
PAYMENTS
Personnel Services 3,509 3,509 3,508 1
Maintenance and Other Operating Expenses 16,618 16,618 14,624 1,994
Capital Outlay 800 800 944 (144)
Financial Expenses - - - -
Others - - - -
Total Payments 20,928 20,928 19,076 1,852
LLDA
RECEIPTS
Services and Business Income 255,221 255,221 298,471 (43,250)
Assistance and Subsidy - - - -
Shares, Grants and Donations - - 16,831 (16,831)
Gains - - 360 (360)
Others 57,076 57,076 2,435 54,641
Total Receipts 312,297 312,297 318,098 (5,801)
PAYMENTS
Personnel Services 135,170 130,635 108,809 21,826
Maintenance and Other Operating Expenses 116,924 103,298 111,844 (8,546)
Capital Outlay 60,203 60,203 2,123 58,080
Financial Expenses - - 17 (17)
Others - - 48,302 (48,302)
Total Payments 312,297 294,136 271,095 23,041
853
Cluster 4 - Industrial and Area Development
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PDA
RECEIPTS
Services and Business Income 108,502 108,502 105,027 3,475
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others 383 383 357 26
Total Receipts 108,885 108,885 105,384 3,501
PAYMENTS
Personnel Services 23,034 23,028 19,702 3,326
Maintenance and Other Operating Expenses 42,767 42,050 36,145 5,905
Capital Outlay 19,939 19,939 20,582 (643)
Financial Expenses - - - -
Others - - - -
Total Payments 85,740 85,017 76,429 8,588
SCAD
RECEIPTS
Services and Business Income 9,578 9,578 7,349 2,229
Assistance and Subsidy - - - -
Shares, Grants and Donations - - - -
Gains - - - -
Others - - - -
Total Receipts 9,578 9,578 7,349 2,229
PAYMENTS
Personnel Services 6,887 6,887 3,400 3,488
Maintenance and Other Operating Expenses 3,112 3,112 1,389 1,723
Capital Outlay 114 114 46 68
Financial Expenses - - - -
Others 771 771 771 -
Total Payments 10,885 10,885 5,606 5,279
854
Cluster 5 - Agricultural and Natural Resources
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 2,092,737 2,054,850 2,256,280 (201,430)
Assistance and Subsidy 66,009,928 66,043,955 42,916,394 23,127,562
Gains 326 676 3,828 (3,152)
Others 85,288,955 85,305,758 49,576,124 35,729,634
Total Receipts 153,391,946 153,405,239 94,752,626 58,652,614
PAYMENTS
Personnel Services 6,052,135 6,422,284 4,923,696 1,498,588
Maintenance and Other Operating Expenses 11,107,108 11,055,813 7,170,435 3,885,379
Capital Outlay 47,520,225 47,698,691 22,053,304 25,645,387
Financial Expenses 6,268,445 6,268,615 4,762,187 1,506,428
Others 77,132,010 76,932,010 42,407,749 34,524,261
Total Payments 148,079,923 148,377,413 81,317,370 67,060,043
NDA
RECEIPTS
Services and Business Income 84,606 84,606 63,627 20,979
Assistance and Subsidy 199,945 199,945 199,945 -
Gains - - - -
Others 5,400 5,400 4,833 567
Total Receipts 289,951 289,951 268,404 21,547
PAYMENTS
Personnel Services 105,716 99,613 95,731 3,882
Maintenance and Other Operating Expenses 177,626 160,977 70,843 90,134
Capital Outlay 212,257 212,257 34,513 177,744
Financial Expenses - - - -
Others - - - -
Total Payments 495,599 472,847 201,087 271,760
855
Cluster 5 - Agricultural and Natural Resources
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
NFA
RECEIPTS
Services and Business Income -
Assistance and Subsidy 13,974,920 13,974,920 5,100,000 8,874,920
Gains - - - -
Others 77,305,300 77,305,300 40,844,255 36,461,045
Total Receipts 91,280,220 91,280,220 45,944,255 45,335,965
PAYMENTS
Personnel Services 2,590,442 2,590,442 2,037,643 552,799
Maintenance and Other Operating Expenses 4,077,919 4,077,919 1,931,850 2,146,069
Capital Outlay 2,546,046 2,546,046 232,602 2,313,444
Financial Expenses 5,743,845 5,743,845 4,235,700 1,508,145
Others 75,525,413 75,525,413 37,399,215 38,126,198
Total Payments 90,483,665 90,483,665 45,837,010 44,646,655
NIA
RECEIPTS
Services and Business Income 855,954 855,954 1,109,702 (253,748)
Assistance and Subsidy 45,543,950 45,543,950 31,689,400 13,854,550
Gains - - 104 (104)
Others 7,756,458 7,756,458 8,618,476 (862,018)
Total Receipts 54,156,362 54,156,362 41,417,681 12,738,681
PAYMENTS
Personnel Services 2,067,111 2,067,111 1,898,712 168,399
Maintenance and Other Operating Expenses 1,576,746 1,576,746 2,666,254 (1,089,508)
Capital Outlay 43,869,904 43,869,904 21,750,186 22,119,718
Financial Expenses 523,870 523,870 526,073 (2,203)
Others 975,000 975,000 4,729,089 (3,754,089)
Total Payments 49,012,631 49,012,631 31,570,315 17,442,316
856
Cluster 5 - Agricultural and Natural Resources
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
NTA
RECEIPTS
Services and Business Income 117,000 117,000 147,356 (30,356)
Assistance and Subsidy - 34,027 - 34,027
Gains - - 3,127 (3,127)
Others 5,800 5,800 6,155 (355)
Total Receipts 122,800 156,827 156,638 189
PAYMENTS
Personnel Services 97,860 477,580 87,526 390,054
Maintenance and Other Operating Expenses 227,859 220,015 43,759 176,256
Capital Outlay (405,248) (205,248) (202,317) (2,931)
Financial Expenses 480 480 19 461
Others 618,962 418,962 279,444 139,518
Total Payments 539,913 911,789 208,432 703,357
PCA
RECEIPTS
Services and Business Income 403,000 403,000 385,796 17,204
Assistance and Subsidy 4,281,264 4,281,264 4,181,609 99,655
Gains - - 25 (25)
Others 168,500 168,500 56,386 112,114
Total Receipts 4,852,764 4,852,764 4,623,816 228,948
PAYMENTS
Personnel Services 509,879 509,879 377,188 132,691
Maintenance and Other Operating Expenses 2,945,514 2,945,514 1,786,851 1,158,663
Capital Outlay 1,041,977 1,041,977 118,810 923,167
Financial Expenses - - 2 (2)
Others - - - -
Total Payments 4,497,370 4,497,370 2,282,850 2,214,520
857
Cluster 5 - Agricultural and Natural Resources
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PRRI (Region 3)
RECEIPTS
Services and Business Income 50,000 29,266 29,266 -
Assistance and Subsidy 609,228 609,228 609,228 -
Gains - - - -
Others - - - -
Total Receipts 659,228 638,494 638,494 -
PAYMENTS
Personnel Services 206,296 206,296 188,608 17,688
Maintenance and Other Operating Expenses 351,092 351,092 322,929 28,163
Capital Outlay 101,841 101,841 91,359 10,481
Financial Expenses - - - -
Others - - - -
Total Payments 659,228 659,228 602,896 56,332
QUEDANCOR
RECEIPTS
Services and Business Income - - - -
Assistance and Subsidy - - - -
Gains - - - -
Others - - - -
Total Receipts - - - -
PAYMENTS
Personnel Services 217,966 217,966 69,560 148,406
Maintenance and Other Operating Expenses 122,981 122,981 60,271 62,710
Capital Outlay 7,314 7,314 162 7,152
Financial Expenses - - - -
Others 12,635 12,635 - 12,635
Total Payments 360,896 360,896 129,993 230,903
858
Cluster 5 - Agricultural and Natural Resources
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
SRA
RECEIPTS
Services and Business Income 582,177 565,024 520,534 44,490
Assistance and Subsidy 1,400,621 1,400,621 1,136,211 264,410
Gains 326 676 572 104
Others 47,497 64,300 46,019 18,281
Total Receipts 2,030,621 2,030,621 1,703,337 327,284
PAYMENTS
Personnel Services 256,865 253,397 168,727 84,671
Maintenance and Other Operating Expenses 1,627,371 1,600,569 287,679 1,312,891
Capital Outlay 146,135 124,600 27,987 96,612
Financial Expenses 250 420 393 27
Others - - - -
Total Payments 2,030,621 1,978,987 484,786 1,494,201
859
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
TOTAL
RECEIPTS
Services and Business Income 10,150,823 9,333,657 7,921,672 1,411,986
Assistance and Subsidy 4,906,225 4,906,225 3,688,151 1,218,074
Gains - 523 2,414 (1,891)
Others 110,298 110,298 133,805 (23,508)
Total Receipts 15,167,346 14,350,703 11,746,042 2,604,661
PAYMENTS
Personnel Services 4,072,967 3,789,074 3,428,623 360,451
Maintenance and Other Operating Expenses 8,386,537 7,675,375 5,965,982 1,709,393
Capital Outlay 3,241,328 3,241,028 1,613,614 1,627,414
Financial Expenses 38,602 38,853 41,289 (2,437)
Others 229,442 229,442 211,030 18,412
Total Payments 15,968,875 14,973,771 11,260,538 3,713,233
BSoP
RECEIPTS
Services and Business Income 345,384 345,384 403,840 (58,456)
Assistance and Subsidy - - - -
Gains - - - -
Others - - - -
Total Receipts 345,384 345,384 403,840 (58,456)
PAYMENTS
Personnel Services 63,516 63,516 56,004 7,512
Maintenance and Other Operating Expenses 168,385 191,485 89,205 102,280
Capital Outlay 6,379 6,379 2,491 3,888
Financial Expenses 31,884 31,884 35,466 (3,582)
Others 75,220 75,220 142,392 (67,172)
Total Payments 345,384 368,484 325,557 42,927
860
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
CCP
RECEIPTS
Services and Business Income 217,412 217,412 220,055 (2,643)
Assistance and Subsidy - - - -
Gains - - - -
Others 3,500 3,500 13,296 (9,796)
Total Receipts 220,912 220,912 233,351 (12,439)
PAYMENTS
Personnel Services 201,636 201,611 176,557 25,054
Maintenance and Other Operating Expenses 275,379 276,480 217,168 59,312
Capital Outlay 874,045 874,045 366,549 507,496
Financial Expenses - - - -
Others 22,011 22,011 21,836 175
Total Payments 1,373,071 1,374,147 782,111 592,037
CITEM
RECEIPTS
Services and Business Income 65,500 65,500 66,424 (924)
Assistance and Subsidy 220,000 220,000 220,000 -
Gains - 523 523 -
Others - - - -
Total Receipts 285,500 286,023 286,947 (924)
PAYMENTS
Personnel Services 64,965 61,737 57,929 3,808
Maintenance and Other Operating Expenses 219,656 218,013 197,386 20,627
Capital Outlay 10,000 9,700 3,508 6,192
Financial Expenses 344 344 272 72
Others - - - -
Total Payments 294,965 289,794 259,095 30,699
861
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
DAP
RECEIPTS
Services and Business Income 658,232 658,232 380,828 277,404
Assistance and Subsidy 553,480 553,480 212,159 341,321
Gains - - - -
Others 5,098 5,098 6,502 (1,404)
Total Receipts 1,216,810 1,216,810 599,489 617,321
PAYMENTS
Personnel Services 270,309 270,309 225,140 45,169
Maintenance and Other Operating Expenses 805,796 805,796 306,015 499,781
Capital Outlay 112,860 112,860 11,591 101,269
Financial Expenses - - 63 (63)
Others - - - -
Total Payments 1,188,965 1,188,965 542,809 646,156
LCP
RECEIPTS
Services and Business Income 725,410 725,410 561,308 164,102
Assistance and Subsidy 265,190 265,190 265,190 -
Gains - - - -
Others - - - -
Total Receipts 990,600 990,600 826,498 164,102
PAYMENTS
Personnel Services 375,744 356,778 342,485 14,293
Maintenance and Other Operating Expenses 538,956 429,603 411,282 18,321
Capital Outlay 70,000 70,000 69,531 469
Financial Expenses 5,900 5,900 5,023 877
Others - - - -
Total Payments 990,600 862,281 828,321 33,960
862
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
NKTI
RECEIPTS
Services and Business Income 3,230,655 2,657,381 2,613,123 44,258
Assistance and Subsidy 464,854 464,854 464,854 -
Gains - - - -
Others - - - -
Total Receipts 3,695,509 3,122,235 3,077,977 44,258
PAYMENTS
Personnel Services 644,426 644,062 517,071 126,991
Maintenance and Other Operating Expenses 1,960,295 1,444,727 1,394,323 50,404
Capital Outlay 756,096 756,096 123,416 632,680
Financial Expenses - - - -
Others - - - -
Total Payments 3,360,817 2,844,885 2,034,810 810,075
PCED
RECEIPTS
Services and Business Income 8,000 8,000 8,493 (493)
Assistance and Subsidy 44,745 44,745 44,745 -
Gains - - - -
Others - - - -
Total Receipts 52,745 52,745 53,238 (493)
PAYMENTS
Personnel Services 3,900 3,789 3,652 137
Maintenance and Other Operating Expenses 40,845 40,774 24,256 16,518
Capital Outlay 8,000 8,000 8,000
Financial Expenses - - - -
Others - - - -
Total Payments 52,745 52,563 27,908 24,655
863
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PCMC
RECEIPTS
Services and Business Income 479,547 479,547 327,707 151,840
Assistance and Subsidy 544,163 544,163 544,163 -
Gains - - - -
Others - - - -
Total Receipts 1,023,710 1,023,710 871,870 151,840
PAYMENTS
Personnel Services 696,030 683,673 610,465 73,208
Maintenance and Other Operating Expenses 321,680 299,169 228,348 70,821
Capital Outlay 6,000 6,000 6,000
Financial Expenses - - - -
Others - - - -
Total Payments 1,023,710 988,842 838,813 150,029
PHC
RECEIPTS
Services and Business Income 2,953,771 2,709,879 2,638,549 71,330
Assistance and Subsidy 779,109 779,109 613,594 165,515
Gains - - - -
Others 101,700 101,700 114,008 (12,308)
Total Receipts 3,834,580 3,590,688 3,366,150 224,538
PAYMENTS
Personnel Services 1,341,797 1,137,669 1,139,099 (1,430)
Maintenance and Other Operating Expenses 1,882,161 1,842,397 1,817,090 25,307
Capital Outlay 610,622 610,622 555,421 55,201
Financial Expenses - - - -
Others - - - -
Total Payments 3,834,580 3,590,688 3,511,610 79,078
864
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PIDS
RECEIPTS
Services and Business Income 14,079 14,079 28,740 (14,661)
Assistance and Subsidy 163,537 163,537 201,211 (37,674)
Gains - - - -
Others - - - -
Total Receipts 177,616 177,616 229,951 (52,335)
PAYMENTS
Personnel Services 104,230 104,230 74,606 29,624
Maintenance and Other Operating Expenses 85,342 81,711 71,421 10,290
Capital Outlay 8,498 8,498 7,370 1,128
Financial Expenses 200 200 71 129
Others - - - -
Total Payments 198,270 194,639 153,468 41,171
PITAHC
RECEIPTS
Services and Business Income 24,203 24,203 22,921 1,282
Assistance and Subsidy 116,932 116,932 116,932 -
Gains - - - -
Others - - - -
Total Receipts 141,135 141,135 139,853 1,282
PAYMENTS
Personnel Services 68,689 67,745 64,742 3,003
Maintenance and Other Operating Expenses 92,356 77,168 63,601 13,567
Capital Outlay 17,490 17,490 8,772 8,718
Financial Expenses 14 265 264 1
Others - - - -
Total Payments 178,549 162,668 137,378 25,290
865
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
PTNI
RECEIPTS
Services and Business Income 255,550 255,550 359,078 (103,528)
Assistance and Subsidy 808,939 808,939 317,273 491,666
Gains - - - -
Others - - - -
Total Receipts 1,064,489 1,064,489 676,350 388,139
PAYMENTS
Personnel Services 140,296 96,526 70,830 25,696
Maintenance and Other Operating Expenses 187,715 160,081 207,515 (47,434)
Capital Outlay 708,939 708,939 462,698 246,241
Financial Expenses - - - -
Others - - - -
Total Payments 1,036,950 965,546 741,043 224,503
TPB
RECEIPTS
Services and Business Income 900,311 900,311 54,256 846,055
Assistance and Subsidy 945,276 945,276 688,030 257,246
Gains - - 1,891 (1,891)
Others - - - -
Total Receipts 1,845,587 1,845,587 744,177 1,101,410
PAYMENTS
Personnel Services 62,878 62,878 57,944 4,934
Maintenance and Other Operating Expenses 1,737,758 1,737,758 913,453 824,305
Capital Outlay 16,864 16,864 1,008 15,856
Financial Expenses - - - -
Others - - - -
Total Payments 1,817,500 1,817,500 972,404 845,096
866
Cluster 6 - Social, Cultural, Promotional, Trading and Other Services
Statement of Comparison of Budget and Actual Amounts
For the year ended December 31, 2017
(in thousand pesos)
VFP
RECEIPTS
Services and Business Income 272,768 272,768 236,349 36,419
Assistance and Subsidy - - - -
Gains - - - -
Others - - - -
Total Receipts 272,768 272,768 236,349 36,419
PAYMENTS
Personnel Services 34,551 34,551 32,099 2,451
Maintenance and Other Operating Expenses 70,212 70,212 24,919 45,293
Capital Outlay 35,535 35,535 1,259 34,276
Financial Expenses 260 260 130 130
Others 132,210 132,210 46,802 85,409
Total Payments 272,768 272,768 105,210 167,558
867
COMMISSION ON AUDIT
KEY OFFICIALS
COMMISSION PROPER
Michael G. Aguinaldo
Chairperson
Jose A. Fabia
Commissioner I
Roland C. Pondoc
Commissioner II
Assistant Commissioners
Wilfredo A. Agito
Lourdes M. Castillo
Susan P. Garcia
Alexander B. Juliano
Rizalina Q. Mutia
Carmela S. Perez
Manolo C. Sy
Luz L. Tolentino
Elizabeth S. Zosa
CORPORATE GOVERNMENT SECTOR
Winnie Rose H. Encallado
Assistant Commissioner
LUZON GROUP
COA National Capital Region COA Cordillera Administrative Region
Adelina Concepcion L. Ancajas – Director IV Joseph B. Anacay – Director IV
Omar S. Roque – Director III Mary D. Bacwaden – Director III
COA Regional Office No. III COA Regional Office No. IV-A
Lynn SF. Sicangco – Director IV Mario G. Lipana – Director III, Officer In-Charge
Elenita DV. Lumongsod – Director III Maria Olivia V. Ortega – Director III
COA Regional Office No. VIII COA Regional Office No. XVI
Lita E. Diez – Director IV Chona P. Labrague – Director IV
Felix M. Basallaje, Jr. – Director III
MINDANAO GROUP
COA Regional Office No. IX COA Regional Office No. X
Visitacion Q. Mendoza – Director IV Celso L. Vocal – Director IV
Daphne Grace P. Bellen – Director III Jerry K. Mero – Director III
COA Regional Office No. XIII COA Autonomous Region in Muslim Mindanao
Usmin P. Diamel – Director IV Bato S. Ali, Jr. - Director IV
Marisol D. Legaspi – Director III
GOVERNMENT ACCOUNTANCY SECTOR
Maria S. Sarmiento
Director III
Ma. Belen L. Estuaria Chief Administrative Officer
Mary Jane S. Liberato Administrative Officer II
Rufa L. Gunabe Administrative Aide V
Maria C. Lainez Administrative Aide V
Teddy N. Alejandro Administrative Aide IV
Elena B. Monteza
Director III (Retired, August 18, 2018)
Annabelle A. Puserio
State Auditor V, Officer In-Charge Director III