Assets

Cash and Cash Equivalents

Cash in Bank - General Fund-LBP 3,288,087.06

Cash in Bank - General Fund-Allied Bank 11,661,022.40

Cash in Bank - General Fund-Metrobank 5,325,171.71

Cash in Bank - Loan Fund/Subsidy 5,879,146.58

Cash in Bank- DOE NIHE 10,000.00

Cash in Bank - Cons.Deposit 1,948,271.13

Petty Cash Funds 25,000.00

Cash on Hand 978,342.55

Total Cash and Cash Equivalents 29,115,041.43

Trade Receivables

Consumer Accounts Receivable-Energy 16,526,349.65

Consumer A/R - Value Added Tax 2,077,332.61

Consumer A/R - Universal Charge 811,312.21

Total Consumer Accounts Receivable 19,414,994.47

Allowance for Uncollectible Accounts 2,469,787.48

Net Consumer Accounts Receivable 16,945,206.99

Other Accounts Receivable-BIR & Other 4,051,082.23

Advances to Officers & Employees 46,471.11

Due from Other REC's 417,066.63

Total Trade Receivables 21,459,826.96

Inventories

Materials & Supplies-Electric (3,579,600.49)

Materials & Supplies-Housewiring 1,566,920.19

Materials & Supplies-Others 337,391.00

Office Supplies 822,365.85

Stores Expense Undistributed 1,437,259.63

Total Inventories 584,336.18

Prepaid Expense

Deferred Input VAT-Supplier/Govt. 10,058,544.13

Total Prepaid Expense 10,058,544.13

Investment Property

Other Investment 1,000,000.00

Membership Fund 76,337.16

Sinking Fund for Reinvestment 3,210,021.57

Sinking Fund - Retirement Fund 12,692,775.55

Sinking Fund - Universal Charge 1,367,200.70

Total Investment Property 18,346,334.98

Property, Plant and Equipment

Gross Utility Plant ( Book Value) 88,935,808.54

Accumulated Depreciation (Book Value) 45,846,602.40

Net Utility Plant 43,089,206.14

Construction Work in Progress 174,463,412.31

Total Property, Plant and Equipment 217,552,618.45

Liabilities

Short-term Debits

Consumers Deposit - Pantawid 125,645.23

Consumers Deposit 13,825,081.29

Total Short-term Debits 13,950,726.52

Current & Accrued Liabilities

Accounts Payable-Power (NPC) 2,051,746.50

Accounts Payable-Power (CIPC) 14,319,889.57

Accounts Payable-Others 14,680,153.12

Accounts Payable-Psalm 2,983,357.03

Accounts Payable - NEA 97,004,435.46

Accounts Payable - VAT (Gen, SL, Dist.) 16,991,321.58

Accounts Payable- NEA Pantawid 500.00

Interest Accrued-Long Term Debt (192,630.99)

Matured Interest Payable 282,570.00

Witholding Tax Payable 694,866.34

Total Current & Accrued Liabilities 149,334,287.52

Other Current & Accrued Liabilities

Misc. Current & Accd. Liabilities 3,668,090.87

Total Other Current & Accrued Liabilities 3,668,090.87

Deffered Credits

Consumers Advances for Construction 778,743.41

Other Deferred Credits- VAT/Scrap (103,947.23)

Total Deffered Credits 674,796.18

Long-term Debit

Long Term Debt - SDSL 3,558,128.16

Long Term Debt - Rehab-Poles 3,433,256.05

Long Term Debt - Headquarters 1,343,425.00

LongTerm Debt - Calamity Loan (2,488,938.00)

LongTerm Debt - NPC payment (2,365,268.05)

Long Term Debt - CIPC payment 6,200,330.00

Long Term Debt - Concessional Loan 2,628,656.20

Long Term Debt - Working Capital (REFC) 8,631,207.00

Total Long-term Debit 20,940,796.36

Equity

Equities & Margins

Membership 68,166.00

Donated Capital 10,730,840.76

Donated Capital-Psalm & from other Ecs 19,637,972.80

Contribution in Aid of Construction 158,272,625.99

Current Year 3,839,981.58

Prior Years (40,077,527.51)

Others - Yolanda (41,368,791.95)

Total Unappropriated Margin (77,606,337.88)

Total Equities & Margins 111,103,267.67