2005 annual financial report of the government … · government-owned and/or controlled...

2005

Annual Financial Report

Government-Owned and/or Controlled Corporations

Volume II-B

TABLE OF CONTENTS

Page

I CLUSTERING OF GOCCs 1

II FINANCIAL STATEMENTS Consolidated Detailed Balance Sheet 4 Consolidated Detailed Statement of Income and Expenses 13 Consolidated Detailed Statement of Changes in Equity 22 Consolidated Detailed Statement of Cash Flows 24

III PRESENTATION BY CLUSTER Financial A Detailed Balance Sheet 45 Detailed Statement of Income and Expenses 56 Detailed Statement of Changes in Equity 62 Detailed Statement of Cash Flows 66 Financial B Detailed Balance Sheet 74 Detailed Statement of Income and Expenses 95 Detailed Statement of Changes in Equity 109 Detailed Statement of Cash Flows 119 Public Utilities Detailed Balance Sheet 137 Detailed Statement of Income and Expenses 147 Detailed Statement of Changes in Equity 154 Detailed Statement of Cash Flows 157 Industrial and Area Development and Regulatory Detailed Balance Sheet 164 Detailed Statement of Income and Expenses 184 Detailed Statement of Changes in Equity 199 Detailed Statement of Cash Flows 206 Agricultural, Trading and Promotional Detailed Balance Sheet 222 Detailed Statement of Income and Expenses 242 Detailed Statement of Changes in Equity 256 Detailed Statement of Cash Flows 262 Social, Cultural and Scientific Detailed Balance Sheet 275 Detailed Statement of Income and Expenses 288 Detailed Statement of Changes in Equity 298 Detailed Statement of Cash Flows 302

IV SCHEDULES

1 Breakdown of Foreign Loans 314 2 Breakdown of Domestic Loans 319 3 GOCCs that Received Subsidy from National Government 322 4 Annual Growth in Subsidy from National Government

5 Cash Equivalents in the Statement of Cash Flows 323 324

CLUSTERING OF

GOCCs

1

Clustering of GOCCs Government Owned and/or Controlled Corporations were grouped into six Clusters, as shown in Table I in accordance with the Restructuring of the Commission on Audit per COA Resolution No. 2001-006 dated May 17, 2002. The specific mandates of each Cluster are enumerated below:

Table 1 Number of GOCCs by Cluster

Fiscal Year 2005 No. of GOCCs

CLUSTER Total Parent Subsidiary Attached

Agency

Cluster I - Financial A Cluster II - Financial B

Cluster I1I - Public Utilities Cluster IV- Industrial and Area Development

and Regulatory Cluster V- Agricultural, Trading and Promotional Cluster VI - Social, Cultural and Scientific

Total

14

40

17

27

28

17

143

4

14

9

17

18

17

79

9

26

8

10

9 -

61

2 - - -

1 -

3 Financial A This Cluster is composed of the four government banks namely – the Bangko Sentral ng Pilipinas (BSP), Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP), and the Al-Amanah Islamic Investment Bank of the Philippines (AIIBPI), including their subsidiaries and attached agencies, which are mainly involved in banking and financing activities. The banking group is responsible for the formulation and implementation of 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; promotes and accelerates the socio-economic development of the Autonomous Region by performing banking, financing and investments operations, among others, based on the Islamic concept of banking; plays an active role in the government’s pump-priming activities, retail and wholesale lending facilities to strategic sectors; and spurs countryside development by adopting credit delivery ably complemented with other critical forms of assistance as a head-on approach to eradicate poverty. The financing group is in charge of addressing two of the country’s basic concerns: generation of savings and provision of decent shelter for the workers. It develops and provides for a secondary market for home mortgages granted by public and/or private home financing institutions. Financial B This Cluster is composed of GOCCs engaged in insurance, financing, and real estate acquisition and development.

The insurance group performs the following functions:

1. to provide a package of benefits for public and private sector employees and their dependents

in the event of work-connected contingencies, such as sickness, injury, disability or death;

2

2. to provide universal health insurance coverage for all Filipinos; 3. to operate a mortgage insurance program in support of government’s effort to promote home

ownership; 4. to engage in the business of general insurance brokerage; 5. to provide management and consultancy services in insurance-related activities; 6. to provide insurance protection to the country’s agricultural producers, particularly to

subsistence farmers, against loss of their crops and non-crop agricultural assets on account of natural calamities, such as typhoons, floods, droughts, earthquakes and volcanic eruptions, plant pests and diseases, and/or other perils;

7. to insure that deposits of all banks are entitled to the benefits of insurance under RA 3591, as amended; and

8. to provide exporters with appropriate financing services. Other GOCCs in this Cluster are mandated to promote homebuilding and land ownership primarily to the homeless and underprivileged sectors of society; source and adopt development initiative for globally competitive small and medium enterprises in terms of finance, technology, production, management and business linkages; and to engage or invest in or extend loans and guarantees to, or enter into joint ventures with Filipino and foreign investors, in commercial, industrial, mining, agricultural, and other enterprises, which may be necessary or contributory to the economic development of the country, or important to the public interest. Public Utilities This Cluster consists of GOCCs engaged in energy, financing, communication, transportation and water functions. The entities involved in energy and power development are entrusted with the responsibility of setting up transmission line grids and the construction of associated power generating facilities in Luzon, Mindanao and major island grids of the country, including the Visayas. It is also engaged in nuclear power development. It is also responsible for providing and maintaining an adequate and stable supply of oil, engage in the exploration, development and utilization of indigenous energy sources; in the manufacture, production, buying, selling, supply, distribution, dispose or deal in gas, coke, tar, pitch and all other residual products resulting from the manufacture of gas for fuel, heat, light, power and other purposes. The entities involved in financing activities are primarily specialized lending institutions for the promotion, development and financing of local water utilities and electric cooperatives; while those engaged in transport activities serves to integrate and coordinate the planning, development, construction and operations of railroads and light rail transport system in the country. Those overseeing the water system, operate and maintain waterworks systems to ensure uninterrupted supply and distribution of potable water, and develop, operate and maintain sewerage and irrigation systems all over the country; the communication function is particularly implemented by the Philippine Postal Corporation which facilitates the fast and safe deliveries of postal services. Industrial and Area Development and Regulatory This Cluster is responsible for the development of certain areas, specifically Laguna Lake, Clark Special Economic Zone and Southern Mindanao, with due regard and adequate provision for the preservation of the quality of human life and ecological systems and the prevention of undue ecological disturbances, deterioration and pollution. Those involved in the industrial development are responsible for the development of certain areas declared as special economic zones into a self-sustaining industrial, commercial, financial and investment centers to generate employment opportunities in and around the zones and to attract and promote productive foreign investments. Those involved in real estate deal in the development and administration of any and all kinds of lands, buildings, estates, and other forms of real property, owned, managed, controlled and/or operated by the government and provision of such services as may be necessary for the efficient, economical and beneficial utilization of the mentioned properties.

3

This Cluster is also mandated in the development of housing projects which provides and maintains adequate housing for the greatest possible number of people by developing and implementing a comprehensive and integrated housing development and resettlement program, among others. Included in this Cluster are the transport entities which serve to integrate and coordinate the planning, development, construction and operation of ports, airports and other facilities appurtenant thereto. Agricultural, Trading and Promotional This is composed of entities mandated with functions either in the fields of: agricultural, financing, manufacturing, promotional or trading. The agricultural function is specifically performed by the Philippine Rice Research Institute which serves as the vital force in attaining and sustaining the country’s goal of self-sufficiency in rice and in promoting greater access of farmers to agricultural technologies. This function is ably supported by the financing entities which provide financing to viable agro-industries to accelerate the economic development of the country and strengthen the trading and foreign exchange position of the country. The manufacturing entity promotes and provides direction for the accelerated development of dairy industry in the country; while those involved in trading are tasked to maintain and operate a market for producers and manufacturers of Philippine exports such as sugar, rice, corn and other grains, vegetables, fish and meat among others. The promotional entities are mandated to encourage and promote the following: establishment of micro cottage small medium enterprises, trade fairs, special exhibits, trade missions and other promotional activities here and abroad; use of technologies/systems to optimize the utilization of natural resources; and development of the tobacco, coconut and other palm oil, fishery, garments, diving and tourism industries in the country. Included in this Cluster are entities engaged in the business of consultancy, management and special services for the investigation, survey, planning, design, research and construction of irrigation projects. Social, Cultural,and Scientific This Cluster is composed of GOCCs engaged in educational, social, cultural, scientific, civic and research activities. The educational entities deal with the development of selective human resource programs, data collection and information services. Those involved in the social function provide welfare assistance and protection for Filipino workers here and abroad and their dependents. They also centralize and integrate the right and authority to operate and conduct games of chance into these corporate entities to be controlled, administered and supervised by the Government. The cultural entities are in charge of constructing, establishing, and maintaining a national theater, a national music hall, an art gallery and such other buildings and facilities which are necessary or desirable for the holding of conferences, seminars and concerts and the likes; while the scientific entities offers funding programs and services for micro, small and medium scale entrepreneurs. The civic entities provide the Filipino people the benefits derived from research, training and health care in the field of pulmonary, renal, pediatrics and cardiology. They also provide medical assistance, services and charities of national character. Lastly, those involved in research help the government planners and policy-makers in the executive and legislative branches of government in the planning and policy formulation.

FINANCIAL STATEMENTS

TOTAL Financial A Financial B Public Utilities

Current Assets 2,192,758,592.8 1,624,771,224.8 179,056,614.6 270,385,984.1 International Reserves 763,996,803.0 763,996,803.0 - - Cash on Hand 19,448,702.5 9,399,325.3 7,942,736.7 403,466.0

Cash in Vault 351.7 - 351.7 - Cash - Collecting Officers 1,766,720.9 - 1,202,489.5 201,427.6 Cash - Disbursing Officers 1,058,814.0 - 2,086.6 191,065.2 Petty Cash Fund 31,782.4 1,053.8 2,844.7 9,438.7 Cash on Hand 139,849.6 - 139,849.6 - Other Cash Accounts 16,451,183.8 9,398,271.5 6,595,114.6 1,534.5

Cash in Bank 315,723,606.8 255,210,175.9 24,573,048.9 16,343,257.1 Cash - National Treasury, MDS 157,802.3 - - 157,802.3 Cash - Bangko Sentral Ng Pilipinas 64,868.9 2,788.0 982.8 61,098.1 Cash in Bank - Local Currency, Current Account 42,365,504.5 29,469,845.3 5,149,055.3 2,496,324.0 Cash in Bank - Local Currency, Savings Account 18,371,368.5 35,384.6 11,704,436.5 2,007,910.9 Cash in Bank - Local Currency, Time Deposits 14,297,344.6 - 1,648,321.4 7,394,404.9 Cash in Bank - Foreign Currency, Current Account 226,673,526.5 225,702,158.0 4,798.4 26,041.0 Cash in Bank - Foreign Currency, Savings Account 1,538,008.5 - 2,689.0 764,465.3 Cash in Bank - Foreign Currency, Time Deposits 6,365,862.9 - 106,744.8 3,435,183.5 Other Cash in Bank 5,889,320.0 - 5,956,020.7 27.0

Short Term Investments 154,318,795.0 86,204,430.3 44,297,026.5 22,673,874.6 Marketable Securites 47,978,777.6 20,848,833.7 26,492,641.8 637,302.1 Other Short Term Investments 106,340,017.5 65,355,596.7 17,804,384.7 22,036,572.4

Receivables - net 802,030,135.2 468,374,561.6 98,426,785.4 193,120,032.1 Accounts Receivable 181,216,962.5 12,259,483.9 11,866,410.2 126,897,147.9 Notes Receivable 3,320,585.3 1,370,694.4 1,557,857.2 1,573.6 Due from Officers and Employees 2,664,651.6 758,485.3 48,061.7 1,318,261.8 Loans Receivables - GOCCs 6,656,935.1 1,085,712.0 4,587,363.0 786,521.8 Loans Receivables - LGUs 10,440.5 - - 8,291.2 Loans Receivables - Others 376,163,540.3 333,231,274.3 22,115,085.5 19,644,913.0 Interest Receivable 46,585,815.4 13,981,350.4 25,596,847.1 6,124,882.8 Due from National Treasury 22,825,765.4 22,581,759.0 - 161,763.4 Due from NGAs 28,284,558.4 21,278,506.6 1,326,665.7 2,758,353.4 Due from GOCCs 38,079,745.1 15,900,882.3 1,436,693.9 12,989,216.4 Due from LGUs 274,298.9 - 25,244.3 539.4 Due from NGOs/POs 257,141.5 - - - Due from Central Office/Home Office 127.3 - - 127.3 Due from Regional Offices/Staff Bureaus/Branch Offices 826,700.3 - 1,063.0 825,637.3 Due from Operating Units 284,828.7 - - - Due from Other Funds 578,476.3 - 7,844.7 307,885.3 Due from Subsidiaries/Affiliates 19,483,902.4 447.0 164,529.4 19,179,998.5 Receivables - Disallowances/Charges 637,997.1 - 8,834.6 118,628.8 Premium Receivables 12,653,639.4 - 12,653,639.4 - Mortgage Receivables 13,619,184.5 - 13,619,184.5 - Insurance Claims Receivables 88,154.3 - 88,154.3 - Other Receivables 76,810,571.4 55,923,268.1 4,168,247.8 14,376,720.7 Allowance for Doubtful Accounts (29,293,886.4) (9,997,301.7) (844,941.0) (12,380,430.7)

Inventories - net 86,587,051.6 19,448,978.6 2,184,172.9 22,766,306.8 Raw Materials Inventory 11,430,977.9 10,440,757.0 - - Work-in-Process Inventory 3,652,910.8 3,620,153.0 - 2,836.3 Finished Goods Inventory 20,793,280.9 9,364.0 - - Merchandise Inventory 18,494,739.6 16,098.8 - 283,685.9 Items for Sale 897,985.2 - - - Office Supplies Inventory 8,765,248.4 124,662.1 213,638.8 8,111,257.6 Accountable Forms Inventory 958,145.1 150,319.0 - 780,275.0 Animal/Zoological Supplies Inventory 1,743.1 - - -

(in thousand pesos)

ACCOUNT TITLE

ASSETS

Republic of the PhilippinesGovernment Owned and/or Controlled Corporations

Consolidated Detailed Balance Sheet, By ClusterDecember 31, 2005

4


(in thousand pesos)

ACCOUNT TITLE



Food Supplies Inventory 17,546.7 - - - Drugs and Medicines Inventory 180,061.4 - - 45.1 Medical, Dental and Laboratory Supplies Inventory 317,683.0 - - 262.0 Gasoline, Oil, Lubricants and Other Fuel Inventory 2,806,198.3 - - 2,794,168.6 Agricultural Supplies Inventory 59,269.2 - - - Textbooks and Instructional Materials Inventory 12.0 - - 12.0 Military and Police Supplies Inventory 202.0 - - - Other Supplies Inventory 8,780,278.4 98,961.1 - 8,267,874.7 Confiscated/Abandoned/Seized Goods Inventory 6,334.2 - - - Spare Parts Inventory 1,983,164.3 - 58,305.1 1,789,536.0 Construction Materials Inventory 28,848.9 4.6 392.0 1,389.4 Livestock Inventory 12,976.2 - - - Crops and Fruits Inventory 52,571.4 - - - Other Agricultural, Fishery and Forestry Products Inventory 4,136.3 - - - Land and Other Property Held for Sale 757,954.3 - - 757,954.3 Other Inventories 6,938,734.3 4,988,659.0 1,911,837.1 - Allowance for Obsolescence (353,950.4) - - (22,990.2)

Prepayments and Deferred Charges 46,313,434.2 21,716,676.2 816,112.6 13,372,886.7 Prepaid Rent 218,209.0 226.7 5,463.1 2,474.2 Prepaid Insurance 165,521.8 109.5 11,092.1 93,353.2 Prepaid Interest 7,486.5 4,933.9 - 1,375.9 Deposit on Letters of Credit 7,215.7 - - 2,888.3 Advances to Contractors 10,297,099.6 6,537.9 16,634.1 1,277,388.7 Deferred Charges 20,832,282.9 19,784,548.8 246,400.6 411,251.8 Deferred Exploration and Development Cost 4,332,926.9 - - 4,332,926.9 Deferred Interest Charges 794,927.0 - - 794,927.0 Deferred Bank Charges 32,458.1 - - 32,458.1 Deferred Tax Assets 5,164,571.1 - - 5,164,571.1 Prepaid Lease, Rent, Insurance and Other Expenses 307.8 - - - Other Prepaid Expenses 4,460,427.7 1,920,319.5 536,522.7 1,259,271.3

Other Current Assets 4,340,064.5 420,274.0 816,731.7 1,706,160.9 Guaranty Deposits 1,191,101.9 7,326.2 22,100.3 970,557.5 Other Current Assets 3,148,962.6 412,947.8 794,631.4 735,603.5

Investments - net 1,056,878,470.5 178,098,025.8 717,378,424.2 71,650,262.7 Investment in Treasury Bills/Notes 83,879,733.9 74,260,598.6 1,616,428.5 2,033,992.1 Investment in Stocks 13,233,278.9 29.3 9,854,940.3 520,204.6

Investments in Bonds 156,301,400.7 370,546.2 122,185,939.6 20,747,068.4 Other Investments and Marketable Securities 321,387,484.1 79,600,317.4 228,670,818.6 2,922,791.8 Investments in Joint Ventures/Subsidiaries/Ous 46,466,016.5 195,159.0 8,326.4 20,736,246.7 Interest Bearing Loans/Advances 130,807,223.8 6,991.0 130,800,232.8 - Non Interest Bearing Loans/Advances 50.0 - - - Subrogated Claims Receivables 3,658,296.3 - 3,658,296.3 - Receivables - Items for Litigation 15,778,455.9 9,035.5 15,769,420.5 - Receivables-Long Term 227,884,619.2 3,516,178.0 183,919,843.1 23,156,895.5 Sinking Fund 15,227,932.5 - 8,547,715.4 321,833.3 Investment Property 998,540.1 - - 998,540.1 Other Long term Investments 64,953,893.8 22,765,066.5 31,436,445.6 212,690.3 Allowance for Decline in Value of Investments (19,093,656.1) (2,620,433.1) (16,223,742.2) - Allowance for Doubtful Accounts-Long Term Receivables (4,604,799.1) (5,462.5) (2,866,240.9) -

5


(in thousand pesos)

ACCOUNT TITLE



Property, Plant and Equipment - net 1,269,547,417.3 35,353,814.3 15,409,488.7 983,919,667.3 Land and Land Improvements 820,367,467.4 666,764.9 3,627,582.2 611,320,667.0

Land 163,004,810.3 666,764.9 1,787,640.7 31,087,720.5 Land Improvements 63,204,099.7 - 1,839,941.4 503,748.0 Railways 7,136,335.4 - - 7,136,335.4 Electrification, Power and Energy Structures 573,136,294.2 - - 572,592,863.1 Roads, Highways and Bridges 517,784.5 - - - Irrigation, Canals and Laterals 13,158,856.9 - - - Reforestation - Upland 195,790.5 - - - Other Public Inftrastructures 13,495.9 - - -

Building 127,185,535.3 13,672,551.4 6,677,699.6 75,007,210.6 Office Buildings 64,653,725.3 13,672,551.4 5,418,056.3 18,180,962.0 Hospitals and Health Centers 791,531.4 - - - Markets and Slaughterhouses 71,785.2 - - - Other Structures 61,668,493.4 - 1,259,643.3 56,826,248.6

Leasehold Improvements 2,096,692.2 255,633.4 61,675.9 28,024.4 Leasehold Improvements, Land 261,160.5 - - 19,164.5 Leasehold Improvements, Buildings 1,361,897.0 - 25,733.6 - Other Leasehold Improvements 473,634.7 255,633.4 35,942.2 8,859.9

Office Equipment, Furniture and Fixtures 19,769,345.6 6,988,941.9 3,662,782.4 4,457,660.0 Office Equipment 4,288,533.7 11,080.6 233,161.8 1,360,171.3 Furniture and Fixtures 2,343,626.6 22,290.5 676,773.0 838,204.0 IT Equipment and Software 7,761,508.9 1,995,152.7 2,699,782.7 2,256,330.6 Library Books 21,039.8 185.1 1,856.7 2,954.1 Other Equipment, Furniture and Fixtures 5,354,636.6 4,960,232.8 51,208.2 -

Machinery and Equipment 31,857,401.8 505.6 35,695.5 19,705,749.3 Machinery 1,162,074.0 - 726.0 130,069.4 Agricultural, Fishery and Forestry and Equipment 276,201.1 - - - Airport Equipment 425,796.3 - - - Communication Equipment 1,727,424.3 - 483.8 775,264.4 Construction and Heavy Equipment 1,692,621.3 460.6 - 1,619,941.9 Firefighting Equipment and Accessories 103,411.6 - - 25,488.8 Hospital Equipment 1,071,926.1 - - - Medical, Dental and Laboratory Equipment 708,103.9 - - 78,064.9 Military and Police Equipment 12,621.3 - 92.8 8.2 Sports Equipment 856.1 - - 60.2 Technical and Scientific Equipment 1,074,384.8 - 12.1 200,823.2 Other Machinery and Equipment 23,601,981.1 45.0 34,380.8 16,876,028.3

Transportation Equipment 8,174,092.0 679,871.4 205,530.6 5,481,661.0 Motor Vehicles 4,166,547.8 9,579.3 48,254.3 2,497,943.5 Trains 2,983,704.2 - - 2,983,704.2 Aircrafts and Aircraft Ground Equipment 128,578.3 - - - Watercrafts 40,343.5 - - - Other Transportation Equipment 854,918.3 670,292.0 157,276.3 13.2

Other Property, Plant and Equipment 773,619,013.4 23,646,079.3 6,583,937.2 740,144,729.1 Other Property, Plant and Equipment 773,619,013.4 23,646,079.3 6,583,937.2 740,144,729.1

Accumulated Depreciation (616,152,052.4) (11,686,773.6) (5,445,414.6) (544,330,538.3)

6


(in thousand pesos)

ACCOUNT TITLE



Construction in Progress 102,629,922.0 1,130,240.0 - 72,104,504.4 Construction in Progress - Agency Assets 92,628,270.5 1,130,240.0 - 72,104,504.4 Roads, Highways and Bridges 39,749.5 - - - Parks, Plazas, and Monuments 10,356.3 - - - Irrigation, Canals and Laterals 9,963,718.2 - - - Reforestation Upland 12,782.3 - - - Other Public Inftrastructures 6,179.4 - - - Allowance for Valuation (31,134.3) - - -

Intangible Assets 2,654,274.1 98,780.0 506,320.6 2,178.1 Organizational Cost 206,140.6 - - - Development Cost 1,843,032.9 - - 2,178.1 Other Intangible Assets 605,100.6 98,780.0 506,320.6 -

Other Assets 265,693,436.5 21,082,088.5 121,594,178.0 108,254,109.1 Work/Other Animals 16,197.4 - - - Breeding Stocks 72,638.3 - - - Arts, Archeological Specimens and Other Exhibits 150,346.7 67,885.0 70,229.2 324.6 Items in Transit 35,707.4 783.6 - 6,958.9 Assets Held in trust 3,740,036.9 - 1,063,239.0 - Restricted Funds/Assets 6,879,263.2 - - 2,060,732.6 Garnished/Foreclosed Assets 21,484,367.4 - 21,484,367.4 - Acquired Assets 61,002,828.0 - 61,002,828.0 - Other Assets 172,312,051.2 21,013,419.9 37,973,514.5 106,186,092.9

4,787,532,191.2 1,859,403,933.5 1,033,945,026.1 1,434,212,201.3

Current Liabilities 1,450,765,654.8 1,076,957,028.4 45,877,954.7 238,701,470.5 Deposit Liabilities 613,048,586.2 609,174,756.2 1,215,964.9 2,657,865.2 Currency in Circulation 336,557,506.0 336,557,506.0 - - Payable Accounts 221,675,255.5 56,510,621.0 21,064,245.2 91,008,479.6

Accounts Payable 79,291,508.6 3,185,411.2 7,069,646.3 54,032,783.7 Notes Payable 30,990,879.8 279,287.0 78,569.5 213,900.0 Dividend Payable 3,263,770.0 - 2,300,346.4 335,923.8 Loans Payable 66,676,443.2 40,960,579.2 3,282,388.0 20,636,939.8 Interest Payable 26,126,654.5 5,115,693.3 6,281,941.8 10,367,277.8 Accrued Expenses Payable 9,946,425.9 6,915,028.9 2,041,296.6 527,399.2 Income Tax Payable 153,529.6 47,669.5 - 2,319.1 Contracts Payable 8,395.7 6,931.8 1,463.9 - Due to Officers and Employees 5,217,648.3 20.0 8,592.6 4,891,936.1

Inter-Agency Payable 70,607,983.7 1,341,341.3 2,823,629.0 44,510,809.3 Due to National Treasury 34,383,016.5 224,244.4 54,106.5 27,926,857.7 Due to BIR 5,625,689.2 355,453.9 67,798.6 4,293,372.2 Due to SSS 16,624.2 - 42.9 1,759.7 Due to GSIS 339,978.9 - 41,587.2 177,405.5 Due to PAG-IBIG 45,531.7 - 2,946.2 25,816.8 Due to PHILHEALTH 14,800.9 - 474.3 7,114.8 Due to Other NGAs 12,399,492.3 1,360.8 594,375.8 725,275.7 Due to Other GOCCs 14,281,186.8 760,282.2 2,055,685.9 9,512,468.7 Due to LGUs 3,501,663.1 - 6,611.6 1,840,738.3

Intra-Agency Payable 16,025,129.9 2,004,070.2 2,648,134.1 8,388,384.8 Due to Central Office/Home Office (1,278,619.6) 2,084.2 11,221.5 (1,291,925.3) Due to Regional Offices/Staff Bureaus/Branch Offices 6,376.8 - - 6,376.8 Due to Other Funds 7,474,240.2 2,001,986.0 2,636,912.6 6,572.4 Due to Subsidiaries/Affiliates 9,823,132.5 - - 9,667,360.8

LIABILITIES AND EQUITY

TOTAL ASSETS

7


(in thousand pesos)

ACCOUNT TITLE



Other Current Liability Accounts 192,851,193.4 71,368,733.7 18,125,981.5 92,135,931.7 Guaranty Deposits Payable 8,619,805.5 117,583.0 410,903.4 6,824,490.1 Performance/Bidders/Bail Bonds Payable 624,919.0 8,099.8 424,941.7 36,248.8 Tax Refunds Payable 707.9 - 43.4 1.4 Letter of Credits 97,806.0 97,806.0 - - Short Term Loans Payable 4,616,888.2 - - 4,616,888.2 BOT Obligations 5,058,280.5 - - 5,058,280.5 Claims and Benefits Payable 1,629,953.6 - 1,629,953.6 - Other Payables 172,202,832.7 71,145,244.9 15,660,139.4 75,600,022.8

Long-Term Liabilities 2,236,868,248.6 868,593,776.5 159,358,378.2 1,119,479,301.3Notes/Mortgages Payable 232,059.6 - - -

Notes Payable 166,009.7 - - - Mortgage Payable 66,049.9 - - -

Bonds Payable 275,074,391.0 46,019,118.0 18,774,036.9 189,942,730.7 Bonds Payable - Domestic 114,626,522.4 46,019,118.0 18,774,036.9 29,494,862.1 Bonds Payable – Foreign 160,447,868.6 - - 160,447,868.6

Loans Payable 1,276,582,784.9 813,610,923.9 131,020,305.9 275,284,816.1 Loans Payable - Domestic 541,464,207.2 378,992,031.6 129,558,878.5 11,613,441.6 Loans Payable – Foreign 611,728,033.8 311,686,682.3 1,461,427.4 263,671,374.5 Loans and Advances Payables 123,390,543.9 122,932,210.0 - -

Other Long-Term Payables 684,979,013.0 8,963,734.6 9,564,035.5 654,251,754.5 Contracts Payable 16,636.3 - 4,014.6 - Other Long-Term Liabilities 684,962,376.8 8,963,734.6 9,560,020.8 654,251,754.5

3,687,633,903.3 1,945,550,804.9 205,236,332.9 1,358,180,771.8

Deferred Credits 62,953,473.7 3,819,264.5 17,637,293.1 21,653,002.8 Organizational Cost 181.7 - - - Deferred Tax Liability 498,845.5 - - 498,845.5 Deferred Interest Income 140,262.4 - - 140,262.4 Deferred Installment Income 186,428.2 - - 186,428.2 Other Deferred Credits 62,127,755.9 3,819,264.5 17,637,293.1 20,827,466.7

EQUITY 1,036,944,814.1 (89,966,135.9) 811,071,400.0 54,378,426.7 Government Equity 174,079,887.0 10,803,304.0 125,295,033.7 10,755,518.7 Capital Stock 225,398,055.8 25,831,782.8 30,370,967.5 58,649,374.9 Paid in Capital in Excess of Par Value 1,193,913.0 111,423.8 265,901.3 22,425.0 Subscribed Capital Stock 5,312,355.8 - 21,250.0 - Restricted Capital/Equity 804,860,261.6 210,298,310.0 591,225,523.8 145,802.4 Equity in Joint Venture - - - - Appraisal Capital 268,305,102.2 115,056.0 1,682,850.8 173,946,821.5 Treasury Stock (1,167.4) - - (734.9) Donated Capital 12,426,488.2 - 133,309.7 7,853,930.5 Retained Earnings (454,630,082.2) (337,126,012.5) 62,076,563.3 (196,994,711.2)

TOTAL EQUITY 1,036,944,814.1 (89,966,135.9) 811,071,400.0 54,378,426.7

4,787,532,191.2 1,859,403,933.5 1,033,945,026.1 1,434,212,201.3

Difference between totals and sum of components is due to rounding off

TOTAL LIABILITIES AND EQUITY

TOTAL LIABILITIES

8

Industrial and Area Dev't. and

Regulatory

Agricultural, Trading and Promotional

Social, Cultural and Scientific

Current Assets 61,927,743.1 45,284,778.8 11,332,247.5 Cash on Hand 752,314.3 259,939.5 690,920.7

Cash - Collecting Officers 83,711.7 182,407.1 96,685.1 Cash - Disbursing Officers 667,718.8 60,128.4 137,815.0 Petty Cash Fund 883.9 8,085.8 9,475.4 Other Cash Accounts - 9,318.1 446,945.1

Cash in Bank 8,233,306.3 5,080,755.2 6,283,063.6 Cash in Bank - Local Currency, Current Account 2,914,157.4 890,843.2 1,445,279.3 Cash in Bank - Local Currency, Savings Account 620,111.5 2,232,723.5 1,770,801.5 Cash in Bank - Local Currency, Time Deposits 2,312,997.8 667,753.2 2,273,867.4 Cash in Bank - Foreign Currency, Current Account 4,494.0 743,827.4 192,207.7 Cash in Bank - Foreign Currency, Savings Account 100,927.4 323,357.5 346,569.3 Cash in Bank - Foreign Currency, Time Deposits 2,280,618.2 288,978.0 254,338.4 Other Cash in Bank - (66,727.6) -

Short Term Investments - 1,143,463.7 - Marketable Securites - - - Other Short Term Investments - 1,143,463.7 -

Receivables - net 11,052,936.6 27,695,507.7 3,360,311.8 Accounts Receivable 8,800,043.6 19,167,946.7 2,225,930.2 Notes Receivable 39,743.5 187,900.1 162,816.5 Due from Officers and Employees 23,324.5 448,874.5 67,643.8 Loans Receivables - GOCCs - 197,338.2 - Loans Receivables - LGUs 2,149.3 - - Loans Receivables - Others 783,174.4 191,571.7 197,521.3 Interest Receivable 476,482.0 215,759.4 190,493.6 Due from National Treasury 77,751.1 4,491.8 - Due from NGAs 1,115,652.8 1,139,295.7 666,084.2 Due from GOCCs 882,450.8 6,438,072.4 432,429.2 Due from LGUs 128,527.5 103,768.1 16,219.5 Due from NGOs/POs 35,450.2 218,611.6 3,079.7 Due from Operating Units 284,828.7 - - Due from Other Funds 267,632.1 - (4,885.9) Due from Subsidiaries/Affiliates 138,927.4 - - Receivables - Disallowances/Charges 24,172.4 386,076.8 100,284.5 Other Receivables 1,030,727.4 849,853.2 461,754.1 Allowance for Doubtful Accounts (3,058,101.2) (1,854,052.6) (1,159,059.1)

Inventories - net 31,191,754.2 10,283,766.3 712,072.9 Raw Materials Inventory - 988,321.1 1,899.8 Work-in-Process Inventory 7,568.6 21,150.3 1,202.6 Finished Goods Inventory 20,685,760.7 96,341.7 1,814.5 Merchandise Inventory 9,215,948.6 8,947,884.5 31,121.8 Items for Sale 897,985.2 - - Office Supplies Inventory 192,768.4 60,556.1 62,365.4 Accountable Forms Inventory 14,118.2 12,296.6 1,136.3 Animal/Zoological Supplies Inventory - 1,743.1 - Food Supplies Inventory - 128.5 17,418.3 Drugs and Medicines Inventory 988.4 731.1 178,296.8 Medical, Dental and Laboratory Supplies Inventory 5,967.5 108,387.9 203,065.6 Gasoline, Oil, Lubricants and Other Fuel Inventory 6,359.2 5,670.5 - Agricultural Supplies Inventory 885.2 58,384.0 - Military and Police Supplies Inventory 157.7 17.6 26.8 Other Supplies Inventory 69,667.8 147,564.0 196,210.8 Confiscated/Abandoned/Seized Goods Inventory 3,212.6 3,121.6 - Spare Parts Inventory 96,863.4 7,702.0 30,757.9 Construction Materials Inventory 17,073.5 6,732.7 3,256.7 Livestock Inventory - 12,976.2 -


Consolidated Detailed Balance Sheet, By ClusterDecember 31, 2005(in thousand pesos)

ACCOUNT TITLE

ASSETS

9


Regulatory





ACCOUNT TITLE

Crops and Fruits Inventory - 52,571.4 - Other Agricultural, Fishery and Forestry Products Inventory - 4,136.3 - Other Inventories - 38,238.2 - Allowance for Obsolescence (23,570.9) (290,889.0) (16,500.3)

Prepayments and Deferred Charges 9,894,644.9 260,469.4 252,644.4 Prepaid Rent 1,986.0 45,443.8 162,615.1 Prepaid Insurance 33,046.1 9,934.2 17,986.8 Prepaid Interest - 1,176.6 - Deposit on Letters of Credit 3,529.7 - 797.7 Advances to Contractors 8,976,245.0 19,005.4 1,288.6 Deferred Charges 320,618.8 27,267.3 42,195.6 Prepaid Lease, Rent, Insurance and Other Expenses - 307.8 - Other Prepaid Expenses 559,219.3 157,334.2 27,760.7

Other Current Assets 802,786.7 560,877.1 33,234.1 Guaranty Deposits 95,278.3 89,900.4 5,939.2 Other Current Assets 707,508.4 470,976.7 27,294.9

Investments - net 61,484,503.6 18,718,352.9 9,548,901.3 Investment in Treasury Bills/Notes 4,206,955.7 1,633,269.3 128,489.7 Investment in Stocks 1,478,379.9 1,257,300.7 122,424.0

Investments in Bonds 838,118.3 10,200,712.6 1,959,015.5 Other Investments and Marketable Securities 3,162,127.7 398,101.7 6,633,326.9 Investments in Joint Ventures/Subsidiaries/Ous 25,515,320.1 10,964.3 - Non Interest Bearing Loans/Advances 50.0 - - Receivables-Long Term 12,840,889.9 3,148,716.3 1,302,096.3 Sinking Fund 3,089,514.4 3,268,869.4 - Other Long term Investments 10,530,939.3 8,752.1 - Allowance for Decline in Value of Investments (13,200.0) (227,022.0) (9,258.8) Allowance for Doubtful Accounts-Long Term Receivables (164,591.7) (981,311.4) (587,192.5)

Property, Plant and Equipment - net 176,280,767.4 41,378,062.2 17,205,617.4 Land and Land Improvements 161,539,697.0 31,233,583.4 11,979,172.9

Land 110,768,489.5 6,862,305.2 11,831,889.5 Land Improvements 49,758,101.7 10,960,515.4 141,793.1 Electrification, Power and Energy Structures 494,128.6 43,812.2 5,490.4 Roads, Highways and Bridges 517,784.5 - - Irrigation, Canals and Laterals - 13,158,856.9 - Reforestation - Upland - 195,790.5 - Other Public Inftrastructures 1,192.7 12,303.3 -

Building 23,730,345.6 3,910,222.8 4,187,505.4 Office Buildings 22,327,825.0 1,811,582.0 3,242,748.7 Hospitals and Health Centers - - 791,531.4 Markets and Slaughterhouses - 71,785.2 - Other Structures 1,402,520.6 2,026,855.6 153,225.3

Leasehold Improvements 83,495.9 1,661,039.4 6,823.3 Leasehold Improvements, Land - 241,996.0 - Leasehold Improvements, Buildings 9,614.8 1,324,176.9 2,371.6 Other Leasehold Improvements 73,881.1 94,866.4 4,451.6

Office Equipment, Furniture and Fixtures 1,874,974.3 1,850,548.2 934,438.8 Office Equipment 1,198,877.1 1,023,197.6 462,045.2 Furniture and Fixtures 187,398.7 492,875.7 126,084.7 IT Equipment and Software 284,149.7 330,368.8 195,724.4 Library Books 2,601.1 4,106.1 9,336.8 Other Equipment, Furniture and Fixtures 201,947.7 - 141,247.8

Machinery and Equipment 6,938,992.1 2,199,472.1 2,976,987.2

10


Regulatory





ACCOUNT TITLE

Machinery 6,134.5 991,384.2 33,759.9 Agricultural, Fishery and Forestry and Equipment 217,453.2 58,747.9 - Airport Equipment 425,796.3 - - Communication Equipment 306,274.0 81,214.7 564,187.5 Construction and Heavy Equipment 63,214.0 9,004.8 - Firefighting Equipment and Accessories 69,837.2 4,903.6 3,182.1 Hospital Equipment - - 1,071,926.1 Medical, Dental and Laboratory Equipment 129,820.1 6,504.1 493,714.7 Military and Police Equipment 10,873.4 - 1,646.8 Sports Equipment 221.4 318.2 256.3 Technical and Scientific Equipment 45,984.4 290,580.9 536,984.2 Other Machinery and Equipment 5,663,383.6 756,813.8 271,329.6

Transportation Equipment 745,529.6 756,336.0 305,163.4 Motor Vehicles 714,641.7 590,970.6 305,158.4 Aircrafts and Aircraft Ground Equipment 10,470.1 118,108.2 - Watercrafts 18,042.9 22,300.6 - Other Transportation Equipment 2,375.0 24,956.7 5.0

Other Property, Plant and Equipment 2,605,119.1 222,548.5 416,600.3 Other Property, Plant and Equipment 2,605,119.1 222,548.5 416,600.3

Accumulated Depreciation (40,136,711.2) (10,860,380.5) (3,692,234.1)

Construction in Progress 18,899,325.0 10,404,692.4 91,160.2 Construction in Progress - Agency Assets 18,836,436.9 465,929.0 91,160.2 Roads, Highways and Bridges 39,749.5 - - Parks, Plazas, and Monuments 10,356.3 - - Irrigation, Canals and Laterals - 9,963,718.2 - Other Public Inftrastructures - 6,179.4 - Reforestation Upland 12,782.3 - - Allowance for Valuation - (31,134.3) -

Intangible Assets 2,036,692.1 10,303.3 - Organizational Cost 205,700.6 440.0 - Development Cost 1,830,991.6 9,863.3 - Other Intangible Assets - - -

Other Assets 8,014,757.9 5,154,708.4 1,593,594.6 Work/Other Animals 7,390.7 8,806.7 - Breeding Stocks - 72,638.3 - Arts, Archeological Specimens and Other Exhibits 8,855.7 - 3,052.2 Items in Transit 11,154.1 6,651.0 10,159.9 Assets Held in trust 1,962,333.7 714,464.3 - Restricted Funds/Assets 4,444,544.1 373,246.3 740.1 Garnished/Foreclosed Assets - - - Acquired Assets - - - Other Assets 1,580,479.7 3,978,901.8 1,579,642.4

309,744,464.1 110,546,205.5 39,680,360.7

Current Liabilities 23,804,438.4 56,284,369.8 9,140,393.0 Payable Accounts 10,626,645.6 39,891,338.9 2,573,925.2

Accounts Payable 4,209,995.6 8,515,027.6 2,278,644.2 Notes Payable - 30,419,123.3 - Dividend Payable 627,499.8 - - Loans Payable 1,700,891.9 95,644.3 - Interest Payable 3,521,370.7 711,133.6 129,237.2 Accrued Expenses Payable 436,324.1 26,377.0 -


TOTAL ASSETS

11


Regulatory





ACCOUNT TITLE

Income Tax Payable 92,589.9 10,951.1 - Due to Officers and Employees 37,973.6 113,082.1 166,043.8

Inter-Agency Payables 6,532,511.2 12,753,239.9 2,646,453.0 Due to National Treasury 1,617,158.3 3,768,219.0 792,430.6 Due to BIR (55,555.8) 199,198.9 765,421.4 Due to SSS 14,672.5 149.2 - Due to GSIS 15,063.3 41,387.2 64,535.7 Due to PAG-IBIG 7,096.0 2,692.3 6,980.4 Due to PHILHEALTH 396.0 1,113.6 5,702.2 Due to Other NGAs 2,996,333.7 7,150,132.6 932,013.7 Due to Other GOCCs 338,503.0 1,547,381.9 66,865.1 Due to LGUs 1,598,844.1 42,965.2 12,503.8

Intra-Agency Payables 182,448.7 - 2,802,092.1 Due to Other Funds 26,677.1 - 2,802,092.1 Due to Subsidiaries/Affiliates 155,771.6 - -

Other Current Liability Accounts 6,462,832.9 3,639,791.0 1,117,922.6 Guaranty Deposits Payable 900,154.0 189,135.0 177,540.0 Performance/Bidders/Bail Bonds Payable 50,654.8 87,491.2 17,482.7 Tax Refunds Payable - - 663.0 Other Payables 5,512,024.1 3,363,164.8 922,236.8

Long-Term Liabilities 49,190,216.4 38,083,740.2 2,162,836.0 Notes/Mortgage Payable 232,059.6 - -

Notes Payable 166,009.7 - - Mortgage Payable 66,049.9 - -

Bonds Payable 3,838,505.4 16,500,000.0 - Bonds Payable - Domestic 3,838,505.4 16,500,000.0 -

Loans Payable 34,217,930.2 20,611,752.8 1,837,056.1 Loans Payable - Domestic 1,884,401.0 18,715,638.4 699,816.1 Loans Payable – Foreign 31,875,195.3 1,896,114.4 1,137,240.0 Loans and Advances Payables 458,333.9 - -

Other Long-Term Liabilities 10,901,721.2 971,987.4 325,779.9 Contracts Payable 1,402.0 11,219.7 - Other Long-Term Liabilities 10,900,319.2 960,767.7 325,779.9

72,994,654.8 94,368,110.0 11,303,228.9

Deferred Credits 6,966,055.3 12,751,329.3 126,528.7 Organizational Cost - 181.7 - Other Deferred Credits 6,966,055.3 12,751,147.6 126,528.7

EQUITY 229,783,753.9 3,426,766.2 28,250,603.1 Government Equity 17,513,110.7 6,376,436.3 3,336,483.6 Capital Stock 101,751,335.7 8,091,744.8 702,850.2 Paid in Capital in Excess of Par Value 313,868.7 480,294.3 - Subscribed Capital Stock 889,665.2 4,401,440.5 - Restricted Capital/Equity 1,760,225.5 271,039.9 1,159,360.1 Equity in Joint Venture - - - Appraisal Capital 82,102,760.9 2,416,013.1 8,041,600.0 Treasury Stock - (432.5) - Donated Capital 841,842.2 314,572.0 3,282,833.9 Retained Earnings 24,610,945.0 (18,924,342.2) 11,727,475.4

TOTAL EQUITY 229,783,753.9 3,426,766.2 28,250,603.1

309,744,464.1 110,546,205.5 39,680,360.7



TOTAL LIABILITIES

12

Income 708,116,086.7 104,421,584.6 Permits and Licenses 635,050.0 -

Fishery Rental Fees 37,486.5 - Franchising and Licensing Fees 34,980.9 - Motor Vehicles Users Charge 1,254.1 - Permit Fees 309,382.4 - Registration Fees 110,596.4 - Fines and Penalties - Permits and Licenses 7,061.5 - Other Permits and Licenses 134,288.3 -

Service Income 12,282,909.4 307,166.9 Affiliation and Membership Fees 4,546.4 - Athletic and Cultural Fees 464,003.9 - Clearance and Certification Fees 37,571.8 - Garbage Fees 13,672.6 - Inspection Fees 30,538.9 - Library Fees 64.1 - Medical, Dental and Laboratory Fees 3,869.1 - Passport and Visa Fees 59,299.1 - Processing Fees 490,909.3 1,179.7 Training and Seminar Fees 22,479.6 - Toll and Terminal Fees 1,488,021.8 - Financing Fees 290,796.5 - Other Service Income 9,351,993.1 305,987.2 Fines and Penalties - Service Income 25,143.2 -

Business Income 516,336,682.1 76,947,392.0 Hospital Fees 2,840,947.3 - Rent Income 6,079,503.4 92,902.2 Sales Revenue 234,145,333.7 233,740.1 Income from Canteen/Restaurant Operation 43,619.7 - Income from Communication Facilities 1,559.8 - Income from Dormitory/Guest Houses/Cottages Operations 21,962.3 - Income from Transportation System 2,100,204.7 - Income from Waterworks Systems 3,173,024.2 - Landing and Parking Fees 1,627,464.1 - Printing/Publication Income 1,946.2 - Members' Contribution 87,367,452.0 - Earned Insurance Premiums 5,925,010.3 - Tuition Fees 2.6 - Insurance Premium and Commission 16,941,150.1 - Freight Revenue 395,003.5 - Other Business Income 154,363,666.1 76,505,539.6 Fines and Penalties - Business Income 1,308,831.9 115,210.0

Other Income 60,691,208.1 5,655,574.5

ACCOUNT TITLE TOTAL Financial A

(in thousand pesos)


Consolidated Detailed Statement of Income and Expenses, By ClusterFor the Year Ended December 31, 2005

13


(in thousand pesos)



Dividend Income 5,615,790.7 49,019.1 Insurance Income 1,317,584.9 - Interest Income 26,033,827.3 559,261.4 Share from Economic Zones 394.3 - Income from Sale of Garnished, Foreclosed,Reclaimed, Confiscated Assets 13,579.0 - Income from Joint Ventures 479,504.5 - Income from Grants and Donations 36,174.7 3,228.1 Guarantee Fees 2,681.6 - Miscellaneous Income 27,161,782.7 5,044,057.0 Other Fines and Penalties 29,888.3 9.0

- - Gain/Premiums 118,170,237.1 21,511,451.2

Gain/Loss on Foreign Exchange (FOREX) 111,216,518.6 18,831,283.0 Gain/Loss on Sale of Disposed Assets 758,239.0 136,615.2 Gain/Loss on Sale of Securities 4,389,285.9 2,543,553.0 Gain/Loss on Revaluation 784,861.3 - Unrealized Gain(Loss) 807,813.1 - Realized Gain (Loss) 213,519.2 -

Less: Share of National Government 12,530,636.1 - Income after Share of National Government 695,585,450.6 104,421,584.6

- - Expenses 533,517,981.0 94,016,040.3

Personal Services 49,838,329.5 14,428,793.0 Salaries and Wages 30,036,965.3 11,712,904.1 Other Compensation 7,996,182.8 14,509.1 Personnel Benefit Contributions 3,034,884.6 243,980.6 Other Personnel Benefits 8,770,296.7 2,457,399.2

Maintenance and Other Operating Expenses 386,412,017.1 26,845,680.1 Sales Returns and Allowances 3,823.5 - Sales Discounts 105.5 - Cost of Good Sold 58,957,763.7 71,210.9 Travelling Expenses 890,703.9 248,021.9 Training and Scholarship Expenses 306,737.2 177,511.5 Supplies Expenses 3,455,103.7 177,258.3 Utility Expenses 7,954,346.2 236,453.4 Communication Expenses 802,921.6 126,013.9 Membership Dues and Contributions to Organizations 107,405.3 66,443.6 Awards and Indemnities 6,255.5 - Advertising, Promotional and Marketing Expenses 985,074.6 1,138.9 Printing and Binding Expenses 276,477.4 91.6 Rent Expenses 3,709,272.4 45,801.2 Representation Expenses 263,697.4 11,347.0 Transportation and Delivery Expenses 1,365,808.6 3.5

14


(in thousand pesos)



Storage Expenses 141,915.9 - Subscription Expenses 18,929.1 165.2 Survey Expenses 2,526.3 - Member's Benefits 94,734,294.3 - Underwriting Expenses 95,185.5 - Rewards and Other Claims 1,022,306.1 - Professional Services 6,113,891.1 147,695.7 Repairs and Maintenance 1,648,849.7 165,508.6 Foreclosure and Litigation Expenses 201,175.6 - Subsidies and Donations 1,150,704.5 2,061.0 Confidential, Intelligence, Extraordinary and Miscelllaneous 7,461,054.7 4,484,612.8 Taxes, Insurance, Premiums and Other Fees 8,115,418.7 2,901,700.2 Bad Debts Expenses 12,924,794.6 2,788,719.2 Depreciation 25,150,487.2 1,759,298.5 Depletion and Obsolescence 4,990.1 - Discounts 146,722.1 - Tax Exemption and Refunds 1.6 - Other Maintenance and Operating Expenses 137,461,072.0 3,894,334.3 Losses 10,932,201.4 9,540,289.0

Financial Expenses 97,267,634.3 52,741,567.2 Bank Charges 2,848,862.2 59.8 Commitment Fees 27,528.6 3,975.0 Documentary Stamp Expenses 213,194.7 3,214.5 Interest Expenses 56,854,173.0 17,461,573.8 Other Financial Charges 37,323,875.9 35,272,744.1

Net Income(Loss) Before Subsidy 162,067,469.6 10,405,544.3 Add: Subsidy from Other National Government Agencies 18,843,583.2 -

Subsidy fromLocal Government Units 709,374.7 - Subsidy from Government Owned and/or Controlled Corporations 106,708.8 2,500.0 Subsidy from Subsidiaries/Affiliates 5,758.6 -

Net Income(Loss) Before Tax 181,732,894.9 10,408,044.3 Less: Provision for (Benefit from) Income Tax 7,179,276.3 1,351,344.1

Minimum Corporate Income Tax 36,847.6 - Final and Creditable Withholding Tax 16,686.5 -

NET INCOME(LOSS) AFTER TAX 174,500,084.5 9,056,700.2


15

Income 193,249,223.2 309,330,410.5 Permits and Licenses 643.2 555.7

Franchising and Licensing Fees - 553.4 Permit Fees 643.2 - Registration Fees - 2.3

Service Income 922,280.3 338,996.6 Clearance and Certification Fees - 240.4 Processing Fees 6,035.1 2.7 Training and Seminar Fees - 4,030.7 Financing Fees 290,796.5 - Other Service Income 619,123.5 331,261.7 Fines and Penalties - Service Income 6,325.3 3,461.1

Business Income 157,072,698.1 203,540,882.1 Hospital Fees - 2,375.2 Rent Income 412,231.8 409,185.2 Sales Revenue - 197,010,654.1 Income from Communication Facilities - 0.1 Income from Transportation System - 2,100,204.7 Income from Waterworks Systems - 3,108,883.1 Members' Contribution 87,367,452.0 - Earned Insurance Premiums 5,925,010.3 - Insurance Premium and Commission 16,941,150.1 - Freight Revenue - 395,003.5 Other Business Income 45,271,329.2 491,984.4 Fines and Penalties - Business Income 1,155,524.6 22,591.9

Other Income 31,891,560.9 14,657,751.3 Dividend Income 4,795,926.8 378,897.9 Insurance Income 1,874.4 - Interest Income 17,183,934.6 5,650,323.0 Share from Economic Zones 0.9 - Income from Joint Ventures 158.7 - Guarantee Fees 2,681.6 - Miscellaneous Income 9,906,971.6 8,627,884.8 Other Fines and Penalties 12.3 645.6

Gain/Premiums 3,362,040.7 90,792,224.8 Gain/Loss on Foreign Exchange (FOREX) 276,305.1 90,447,831.2 Gain/Loss on Sale of Disposed Assets 225,606.0 341,465.8 Gain/Loss on Sale of Securities 1,838,797.4 2,927.8 Unrealized Gain(Loss) 807,813.1 - Realized Gain (Loss) 213,519.2 -

Expenses 136,287,890.1 203,233,623.1

Public Utilities



(in thousand pesos)

ACCOUNT TITLE Financial B

16

Public Utilities



(in thousand pesos)


Personal Services 10,633,679.6 8,296,091.3 Salaries and Wages 6,567,578.0 4,770,041.8 Other Compensation 1,618,661.8 1,761,971.6 Personnel Benefit Contributions 1,177,429.2 690,243.7 Other Personnel Benefits 1,270,010.6 1,073,834.2

Maintenance and Other Operating Expenses 118,337,501.0 164,306,916.6 Cost of Good Sold - 12,478,472.1 Travelling Expenses 136,790.7 258,363.7 Training and Scholarship Expenses 32,895.2 46,386.6 Supplies Expenses 270,641.1 666,028.1 Utility Expenses 332,245.6 608,166.6 Communication Expenses 303,793.8 106,855.5 Membership Dues and Contributions to Organizations 25,480.1 9,546.0 Awards and Indemnities - 403.0 Advertising, Promotional and Marketing Expenses 113,506.1 21,223.5 Printing and Binding Expenses 33,804.3 8,630.6 Rent Expenses 510,956.8 959,679.1 Representation Expenses 25,980.4 29,994.8 Transportation and Delivery Expenses 13,218.5 975,784.6 Storage Expenses - 17.6 Subscription Expenses 2,128.5 1,654.1 Survey Expenses - 1,348.5 Member's Benefits 94,734,294.3 - Underwriting Expenses 95,185.5 - Rewards and Other Claims 5,633.5 768,310.2 Professional Services 1,019,805.0 1,599,010.4 Repairs and Maintenance 220,361.9 435,827.4 Foreclosure and Litigation Expenses 201,175.6 - Subsidies and Donations 2,429.0 652,101.6 Confidential, Intelligence, Extraordinary and Miscelllaneous 503,091.7 410,841.6 Taxes, Insurance, Premiums and Other Fees 1,877,047.2 1,358,140.7 Bad Debts Expenses 8,565,023.1 1,179,644.6 Depreciation 955,497.0 17,932,385.0 Depletion and Obsolescence - 552.8 Discounts - 1,529.9 Other Maintenance and Operating Expenses 7,620,970.4 123,393,836.2 Losses 735,545.6 402,181.5

Financial Expenses 7,316,709.5 30,630,615.2 Bank Charges 67,216.2 2,665,123.0 Commitment Fees 1,212.9 22,330.6 Documentary Stamp Expenses - 807.9

17

Public Utilities



(in thousand pesos)


Interest Expenses 7,179,323.8 27,379,987.9 Other Financial Charges 68,956.6 562,365.8

Net Income(Loss) Before Subsidy 56,961,333.0 106,096,787.4 Add: Subsidy from Other National Government Agencies 1,255,200.0 1,021,150.9

Subsidy fromLocal Government Units 709,374.7 - Subsidy from Government Owned and/or Controlled Corporations 2.8 - Subsidy from Subsidiaries/Affiliates - 5,758.6

Net Income(Loss) Before Tax 58,925,910.6 107,123,696.8 Less: Provision for (Benefit from) Income Tax 847,407.2 4,419,836.9

Final and Creditable Withholding Tax - 16,686.5

NET INCOME(LOSS) AFTER TAX 58,078,503.3 102,687,173.4


18

Industrial and Agricultural Social,Area Dev't. and Trading and Cultural and

Regulatory Promotional Scientific

Income 26,736,047.0 43,025,477.9 31,353,343.6 Permits and Licenses 291,449.7 332,993.4 9,408.0

Fishery Rental Fees 37,486.5 - - Franchising and Licensing Fees 27,920.2 1,318.4 5,188.8 Motor Vehicles Users Charge - 1,254.1 - Permit Fees 116,189.6 192,549.5 - Registration Fees 7,285.7 99,089.3 4,219.1 Fines and Penalties - Permits and Licenses 7.6 7,053.9 - Other Permits and Licenses 102,560.1 31,728.1 -

Service Income 8,135,881.3 2,378,585.0 199,999.3 Affiliation and Membership Fees - 1,153.0 3,393.4 Athletic and Cultural Fees 464,003.9 - - Clearance and Certification Fees 37,271.9 59.5 - Garbage Fees 11,036.6 2,636.0 - Inspection Fees 375.3 2,167.8 27,995.8 Library Fees - - 64.1 Medical, Dental and Laboratory Fees 1,904.0 3.6 1,961.5 Passport and Visa Fees - - 59,299.1 Processing Fees 388,186.1 90,778.3 4,727.4 Training and Seminar Fees 3,794.3 2,115.8 12,538.8 Toll and Terminal Fees 1,466,736.3 18,395.2 2,890.3 Financing Fees - - - Other Service Income 5,750,528.4 2,257,963.7 87,128.7 Fines and Penalties - Service Income 12,044.6 3,312.2 -

Business Income 13,953,586.0 37,151,058.7 27,671,065.2 Hospital Fees - - 2,838,572.2 Rent Income 3,975,513.2 553,886.8 635,784.2 Sales Revenue 206,159.8 36,481,663.2 213,116.5 Income from Canteen/Restaurant Operation - 3,373.9 40,245.8 Income from Communication Facilities 185.4 1,374.3 - Income from Dormitory/Guest Houses/Cottages Operations 1,510.6 2,058.8 18,392.9 Income from Waterworks Systems 20,065.2 44,075.9 - Landing and Parking Fees 1,606,014.1 9,444.9 12,005.1 Printing/Publication Income 341.5 30.5 1,574.2 Tuition Fees - - 2.6 Other Business Income 8,138,010.7 49,978.0 23,906,824.2 Fines and Penalties - Business Income 5,785.6 5,172.4 4,547.5

Other Income 2,290,772.2 2,737,627.4 3,457,921.9 Dividend Income 391,484.9 218.8 243.3 Insurance Income 600.0 194.8 1,314,915.8 Interest Income 1,227,024.9 572,714.8 840,568.6 Share from Economic Zones - 393.4 - Income from Sale of Garnished, Foreclosed, Reclaimed, Confiscated Assets - 13,579.0 - Income from Joint Ventures 479,345.8 - - Income from Grants and Donations 1,017.1 23,381.3 8,548.2 Miscellaneous Income 166,739.7 2,126,874.5 1,289,255.1

ACCOUNT TITLE

(in thousand pesos)



19


Regulatory Promotional ScientificACCOUNT TITLE

(in thousand pesos)



Other Fines and Penalties 24,559.9 270.7 4,390.9

Gain/Premiums 2,064,357.7 425,213.4 14,949.3 Gain/Loss on Foreign Exchange (FOREX) 1,269,222.2 389,578.3 2,298.8 Gain/Loss on Sale of Disposed Assets 10,274.1 31,627.3 12,650.6 Gain/Loss on Sale of Securities - 4,007.8 - Gain/Loss on Revaluation 784,861.3 - -

Less: Share of National Government 565,002.0 - 11,965,634.1 Income after Share of National Government 26,171,045.0 43,025,477.9 19,387,709.5

Expenses 20,646,385.3 61,213,180.8 18,120,861.3 Personal Services 4,342,355.2 4,588,247.7 7,549,162.7

Salaries and Wages 2,051,255.4 2,715,954.4 2,219,231.6 Other Compensation 1,050,210.2 1,186,904.2 2,363,926.0 Personnel Benefit Contributions 275,196.7 368,504.0 279,530.4 Other Personnel Benefits 965,692.9 316,885.0 2,686,474.8

Maintenance and Other Operating Expenses 14,560,807.0 51,953,304.2 10,407,808.3 Sales Returns and Allowances - 3,823.5 - Sales Discounts - - 105.5 Cost of Good Sold 13,301.2 46,381,665.0 13,114.6 Travelling Expenses 50,188.7 139,981.6 57,357.3 Training and Scholarship Expenses 10,248.5 18,345.0 21,350.6 Supplies Expenses 275,876.1 518,261.4 1,547,038.8 Utility Expenses 5,521,202.1 530,842.2 725,436.3 Communication Expenses 79,655.9 102,599.1 84,003.3 Membership Dues and Contributions to Organizations 466.1 3,371.5 2,098.1 Awards and Indemnities 5,742.1 110.5 - Advertising, Promotional and Marketing Expenses 16,819.8 121,691.4 710,695.0 Printing and Binding Expenses 7,467.7 14,303.5 212,179.7 Rent Expenses 155,853.5 705,291.9 1,331,690.0 Representation Expenses 20,264.3 29,621.2 146,489.6 Transportation and Delivery Expenses 1,357.0 369,540.3 5,904.7 Storage Expenses - 141,898.3 - Subscription Expenses 4,221.8 4,439.4 6,320.2 Survey Expenses 791.0 278.7 108.1 Rewards and Other Claims 78,837.0 167,554.3 1,971.3 Professional Services 2,139,190.9 699,537.5 508,651.7 Repairs and Maintenance 503,915.1 128,882.8 194,353.9 Subsidies and Donations 302,822.2 100,984.2 90,306.4 Confidential, Intelligence, Extraordinary and Miscelllaneous 236,050.4 52,845.9 1,773,612.3 Taxes, Insurance, Premiums and Other Fees 615,390.5 201,664.0 1,161,476.0 Bad Debts Expenses 85,035.3 125,968.2 180,404.3 Depreciation 3,415,975.4 721,127.1 366,204.2 Depletion and Obsolescence - 1,841.0 2,596.3

20


Regulatory Promotional ScientificACCOUNT TITLE

(in thousand pesos)



Discounts - - 145,192.2 Tax Exemption and Refunds - - 1.6 Other Maintenance and Operating Expenses 853,184.0 623,694.8 1,075,052.3 Losses 166,950.7 43,140.3 44,094.3

Financial Expenses 1,743,223.1 4,671,628.9 163,890.4 Bank Charges 9,602.8 101,788.0 5,072.3 Commitment Fees 10.1 - - Documentary Stamp Expenses 10,215.8 198,945.5 10.9 Interest Expenses 706,711.5 4,045,115.0 81,460.9 Other Financial Charges 1,016,682.9 325,780.4 77,346.2

Net Income(Loss) Before Subsidy 5,524,659.7 (18,187,702.9) 1,266,848.2 Add: Subsidy from Other National Government Agencies 1,808,000.0 13,756,223.7 1,003,008.6

Subsidy from Government Owned and/or Controlled Corporations 17,992.5 6,200.0 80,013.5

Net Income(Loss) Before Tax 7,350,652.1 (4,425,279.2) 2,349,870.3 Less: Provision for (Benefit from) Income Tax 548,933.5 11,754.6 -

Minimum Corporate Income Tax - - 36,847.6

NET INCOME(LOSS) AFTER TAX 6,801,718.6 (4,437,033.8) 2,313,022.7


21

Government Equity Balance at beginning of the year 163,628,684.0 10,803,304.0 114,860,263.8 Balance of Intra-Agency Accounts (7,679.0) Additions 10,458,882.0 - 10,434,769.9 Balance at end of the year 174,079,887.0 10,803,304.0 125,295,033.7

Capital Stock Balance at beginning of the year 227,137,886.0 25,103,100.3 30,248,813.9 Deposit for Future Subcriptions 425,680.1 - - Additions/Deductions (2,165,510.3) 728,682.5 122,153.6 Balance at end of the year 225,398,055.8 25,831,782.8 30,370,967.5

Subscribed Capital Stock Balance at beginning of the year 5,290,641.5 - - Additions 21,714.2 - 21,250.0 Balance at end of the year 5,312,355.8 - 21,250.0

Donated Capital - - - Balance at beginning of the year 12,561,248.8 - 321,782.4 Additions/Deductions (134,760.5) - (188,472.7) Balance at end of the year 12,426,488.2 - 133,309.7

Paid-in Capital in Excess of Par Value Balance at beginning of the year 1,193,058.9 111,423.8 265,047.1 Additions/Deductions 854.1 - 854.1 Balance at end of the year 1,193,913.0 111,423.8 265,901.3

Appraisal Capital - - - Balance at beginning of the year 204,588,972.3 115,056.0 1,427,047.7 Additions 63,716,130.0 - 255,803.1 Balance at end of the year 268,305,102.2 115,056.0 1,682,850.8

Treasury Stock Balance at beginning and end of the year (1,167.4) - -

Restricted Capital Balance at beginning of the year 751,716,278.4 210,298,310.0 538,144,190.7 Additions/Deductions 53,143,983.2 - 53,081,333.1 Balance at end of the year 804,860,261.6 210,298,310.0 591,225,523.8

Retained Earnings Balance at beginning of the year (560,291,942.2) (336,663,665.7) 39,158,507.3 Balance of Intra-Agency Accounts 459,036.7 - - Transfers to Reserves (58,164,383.7) (7,733,528.1) (50,430,855.6) Prior Years’ Adjustments (19,976,212.3) 1,673,565.0 59,101.6 Changes during the year 626,846.4 - 1,833,550.4 Net Income/Loss for the year 174,500,084.5 9,056,700.2 58,078,503.3 Dividends (11,859,521.4) (4,490,513.0) (5,666,824.7) Unrealized Loss on Marketable Securities (4,377,225.7) (2,398.2) (4,374,827.6) Unrealized Gain 28,290,033.9 1,033,827.1 27,256,206.8 Fluctuation reserves (2,096,922.8) - (2,096,922.8) Non-admitted assets (1,739,875.5) - (1,739,875.5) Balance at end of the year (454,630,082.2) (337,126,012.5) 62,076,563.3

Total Equity 1,036,944,814.1 (89,966,135.9) 811,071,400.0



Consolidated Statement of Changes in Equity, By ClusterFor the year ended December 31, 2005

(in thousand pesos)

Particulars Total Financial A Financial B

22


Regulatory Promotional Scientific

Government Equity Balance at beginning of the year 10,755,518.7 17,509,140.4 6,374,583.5 3,325,873.6 Balance of Intra-Agency Accounts (7,679.0) Additions - 3,970.3 9,531.8 10,610.0 Balance at end of the year 10,755,518.7 17,513,110.7 6,376,436.3 3,336,483.6

Capital Stock - Balance at beginning of the year 58,649,374.9 104,515,889.9 7,967,856.8 652,850.2 Deposit for Future Subcriptions - 301,792.1 123,888.0 - Additions/Deductions - (3,066,346.3) - 50,000.0 Balance at end of the year 58,649,374.9 101,751,335.7 8,091,744.8 702,850.2

Subscribed Capital Stock Balance at beginning of the year - 889,201.0 4,401,440.5 - Additions - 464.2 - - Balance at end of the year - 889,665.2 4,401,440.5 -

Donated Capital Balance at beginning of the year 7,848,352.8 776,148.5 333,436.2 3,281,528.8 Additions/Deductions 5,577.7 65,693.6 (18,864.2) 1,305.1 Balance at end of the year 7,853,930.5 841,842.2 314,572.0 3,282,833.9

Paid-in Capital in Excess of Par Value - - - - Balance at beginning of the year 22,425.0 313,868.7 480,294.3 - Additions - - - - Balance at end of the year 22,425.0 313,868.7 480,294.3 -

Appraisal Capital Balance at beginning of the year 125,922,263.1 66,752,498.8 2,416,013.1 7,956,093.5 Additions/Deductions 48,024,558.4 15,350,262.1 - 85,506.5 Balance at end of the year 173,946,821.5 82,102,760.9 2,416,013.1 8,041,600.0

Treasury Stock Balance at beginning and end of the year (734.9) - (432.5) -

Restricted Capital Balance at beginning of the year 145,802.4 1,760,225.5 271,039.9 1,096,710.0 Additions/Deductions - - - 62,650.1 Balance at end of the year 145,802.4 1,760,225.5 271,039.9 1,159,360.1

Retained Earnings Balance at beginning of the year (277,974,353.2) 20,893,538.6 (16,100,396.6) 10,394,427.3 Balance of Intra-Agency Accounts - - 459,036.7 - Prior Years’ Adjustments (21,398,573.8) (1,585,590.0) 1,763,454.7 (488,169.8) Changes during the year - (120,038.2) (594,861.0) (491,804.8) Net Income/Loss for the year 102,687,173.4 6,801,718.6 (4,437,033.8) 2,313,022.7 Dividends (308,957.6) (1,378,684.0) (14,542.1) - Balance at end of the year (196,994,711.2) 24,610,945.0 (18,924,342.2) 11,727,475.4

Total Equity 54,378,426.7 229,783,753.9 3,426,766.2 28,250,603.1


Public UtilitiesParticulars

(in thousand pesos)


Consolidated Statement of Changes in Equity, By ClusterFor the year ended December 31, 2005

23

Total Financial A Financial B Public Utilities

Cash Flows From Operating ActivitiesCash Inflows: 946,828,694.1

Operating Income 248,094,391.3 53,191,016.3 794,317.4 181,532,379.3 Other Income 31,588,794.6 31,588,794.6 - - Lotto installation fee and other related income 4,152.0 - - - Franchise tax 9,505.3 - - - Income from Fees 881.3 - - - Rent Income 432,661.3 - 185,690.2 - Commission 8,913.4 - - - Hospital Income 987,530.6 - - - Sales Revenue 8,793.7 - - - Sales of Sweepstakes Tickets 62,765.6 - - - Interest Income 247,157.5 - - - Interest Income from Investments 575,751.6 - - - Investment and Other Income 19,259.2 - - - Dividend Income 18.1 - - - Service Fees 133,866.2 - - - Cash Receipts from Sale of Goods and Inventories 447,738.5 - - - Guarantee Fees 257,092.4 - 257,092.4 - Interest and Commission 36,339.9 - 52.9 - Interest Income 25,373,500.9 - 25,309,377.3 - Collection of Income/Revenue 9,797,094.1 - 48,419.0 - Collection of Assessment Premium 5,578,521.9 - 5,578,521.9 - Collection in subrogated claims receivable 64,323.6 - 64,323.6 - Fees, Commission & Other Income 48,855.4 - 18,641.5 - Collection from customers/beneficiaries/awardees 6,776,863.5 - - - Members' Contributions 108,590,447.7 - 108,590,447.7 - Collection of Income from Operations/receivables 682,234.2 - - - Collection of Receivables 57,602,845.8 3,078,879.0 15,697,297.7 33,396,327.9 Cash Received from Customers 32,642,992.4 - 5,688,893.2 - Cash Received from HO&RO/Accredited Collection 39,077,567.6 - - - Cash Received from Other Sources 412.8 - - - Collection from Electric Cooperatives 1,817.2 - 1,817.2 - Collection of receivable from Bureau of the Treasury 27,764.0 - - - Collection of receivables from disallowances 61.7 - - - Cash received from OFWs 1,328,754.5 - - - Cash received from Casino Customers 20,274,893.2 - - - Cash received from Chip Washing Operations non-casino customers and other income 2,797,996.3 Collection from customers/service income 34,115.4 - - - Collection from various PDOs 321,555.7 - - - Agents Settlements 11,057,528.2 - - - Collection from Bank Under Receivership 47,651.5 - 47,651.5 -

(in thousand pesos)

Particulars


Consolidated Detailed Statement of Cash Flows, By ClusterFor the Year Ended December 31, 2005

24


(in thousand pesos)

Particulars



Collection from Buyers of AssetsDeposits 7,215.0 - 7,215.0 - Collection Held in Trust 3,971,624.6 - 92,317.6 - Collection for Unliquidated damages 9,112.8 - - - Interest Earned/Income 292,223.1 - - - Repayment from Loans 6,066.9 5,609.0 - 457.9 Income from Investments 8,675,116.5 6,774,297.3 1,180,379.4 720,439.9 Income from Treasury Bonds/Notes/Financial Assistance 3,635,970.7 - 3,635,970.7 - Dividend Income 833,380.7 - 833,369.8 - Investment and Other Income 10,545,403.6 - 10,545,403.6 - Receipt of Savings/Time Deposits from Clients 42,569,471.7 42,212,407.5 - 357,064.2 Other Receipts 32,881,689.6 26,015,523.3 2,861,437.4 3,265,405.4 Receipt of Subsidy, Financial Assistance, Grants and Donations 2,274,560.3 3,228.1 - 186,798.4 Tranfer of funds from HO/Branch/Subsidiaries 1,432,455.7 - - - Refund from payment of expenses 14,191.3 - - - Gain on Foreign Exchange 389,300.8 - - - Miscellaneous Income 8,276.7 - - - Receipt of Guaranty Deposits 12,035.3 - - - Receipt of Patient's Deposits 260,457.2 - - - Miscellaneous Deposits 226.7 - - - Receipt of Performance/Bidders/Bail/Bonds 8,823,153.6 - - 8,799,881.4 Proceed from Withdrawal and Sale of Short-Term Investments/Securities/Bonds 315,775.7 - 265,306.7 50,469.0 Gain/Proceed from Sale of Assets/Acquired Assets 781,995.9 - 104,355.4 4,325.5 Proceeds from Sale of Waste Materials 350.4 - - - Receipt of Refund from Cash Advance & Reinsurance 260,124.3 - 5,686.6 247,346.8 Premium/Other ExpensesRefund of Cash Advance, Petty Cash Fund & Overpayment of Expenses 1,775.3 - - - Collection of advances 292,003.2 - - - Cancellation of payments to payables 3,488.6 - - - Unreleased/Cancelled Checks 26,146.8 - - - Proceeds of Insurance 3,210.1 - - 20.7 Collection of Prior Years' Income (addition) 8,672.5 567.3 - - Decrease/(Increase) in other resources 12,028.2 12,028.2 - - Increase in Other Liabilities 139,114,341.6 139,114,341.6 - - Increase in Deposit Liabilities 1,279.0 - - - Other Liabilities 241.8 - 241.8 - Provision for Probable Losses on Assets Acquired 5,636,371.0 5,636,371.0 - - Receipt of Subsidy from National Government 735,744.7 - - - Receipt of Project Fund 19,045.1 - - - Receipt of External Fund 2,895.1 - - - Fund Received for CCP Projects 5,200.1 - - -

25


(in thousand pesos)

Particulars



Loading Fund Received from GSIS/SSS 162,408.5 - 82,395.0 - Grants and Donations 616.6 - - - Fund Transfer: DOH for Indigency Patiens 6,281.7 - - - Financial Assistance 1,368,344.0 - 1,357,393.5 - Receipt of Funds on Account 107,897.4 - - - Collection from Various Entities 273,280.8 - - - Refund of Cash Advance, Petty Cash Fund & Overpayment of Expenses 5,057.7 - - - Collection Held in Trust 66,441.0 - 6,265.8 - Collection of withholding taxes/GSIS/Pagibig/ Philhealth Premium 44,537.8 - - - Receipt of Trust Funds - Patients/Guaranty Deposits 197,873.4 - - - Receipt of Trust Funds from DOH, PDAF and Other Congressional 112,147.7 - - - Trust Liabilities and Deferred Credits 1,570.4 - - - Unremmited Ticket Sales & Refundable Violation Deposits 4,227.6 - - - Terminated Investments - Restricted Funds from Other Assets 30,100.0 - - - Loan Repayments 69,556,790.0 - 69,556,790.0 - Gain from Sale of Assets and Miscellaneous Income 530,882.7 - 530,882.7 - Redemption of Acquired Assets 2,720.0 - - - Rent Income - Acquired Assets 36.4 - - - CA-Accts with Legal/Advances on foreclosure 1,457.1 - - - Receipts of Guaranty Deposits 3,182.0 - 700.8 - Proceeds on Performance Bond/Other Deposits 27,843.4 - 224.0 - Increase in Deferred Credits 233,192.0 233,192.0 - - Recoveries from Rehabilitation Cost 569.8 - 569.8 - Decrease in Financial Assets held for trading 115,741.7 - 115,741.7 - Income from Escrow Fund 22,138.9 - 22,138.9 - Government Premium Share 105,218.0 - 105,218.0 - Subsidy Income 860,000.0 - 860,000.0 - Financial Assistance 1,357,522.5 - 1,357,522.5 - President's Social Fund 5,000.0 - 5,000.0 - Output Value Added Taxes 2,701.9 - 2,701.9 - Adjustments (265.2) - - - Fund Transfer from NGAs 61,435.3 - - - Collection of Travel Tax 2,087,732.6 - - - Collection of Output Tax 251.6 - - - Collection of Receivable from Natinal Government 1,190.0 - - - Sale of Br-Products 12,147.3 - - - Sale of MTS 5,000.0 - - - Other Sales Revenue 4,994.1 - - - Collection of Depository Liabilities 223,238.5 - - -

26


(in thousand pesos)

Particulars



Collection from FOBB 74,588.6 - - - Refund of ROTA/HOA/HOCA Charges 1,714.2 - - - Deferred Credits to Income 231,066.5 - - - FOBB Return of Palay to Farmers 13,724.5 - - - Refund of Excess Prepayments 62.9 - - -

Tota Cash Inflows 946,828,694.0 307,866,255.1 255,817,772.0 228,560,916.2

Cash Outflows: 721,638,917.2

Payment of Members and Beneficiaries 93,057,718.3 - 93,057,553.6 - Bank Operating Expenses 40,568,342.0 40,568,342.0 - - Payment of Operating Expenses 67,816,806.5 - 5,475,382.5 - Payment of Accounts Payable 10,259,369.9 7,875,586.6 51,341.9 223,054.8 Payment of Personal Services 33,716.0 - - - Payment of Other Payables 23,497.1 - - 23,497.1 Payment of Claims Payable 76,863.4 - 76,863.4 - Payment of Thermal Rolls/Playslips 281,075.6 - - - Purchase of Inventories 3,769.3 - - - Payment of Medicines and Drugs - RF 945.5 - - - Payment of Office Supplies and Printing Materials 816,221.7 - - - Payment of Interests and Guaranty Deposit Payables 1,732.9 - - - General & Administrative Expenses 147,409,412.5 13,748,462.2 8,127,183.6 125,533,637.8 Cash Payments to Suppliers/Customers/Employees 5,518,041.4 - - - Cash payment from trust receipts 106,598.2 - - - Financial expenses 5,119,063.3 525,352.5 0.3 4,412,057.5 Payment of Financing/Bank Charges 326.0 - - -

` Payment of Interests 4,018,016.8 - 4,006,373.6 - Other Cash Payment 23,094.8 - - - Payment to Officers and Employees 62,173.2 - 9,428.3 - Other Cash Outlay/Adjustments 45,788.3 - - - Loan Releases 215,539,670.8 143,194,614.3 69,995,680.6 - Payment to Suppliers and Employees, Service Providers 14,604,265.7 - 13,832,066.0 - Payment of Insured Deposits 1,229,782.8 - 1,229,780.8 2.0 Payment of Other Expenses 2,132,746.6 945,035.4 676,800.0 406,904.5 Payment to Other GOCCs 32.2 - - - Cash paid to employees, claimants and other parties 9,794,165.8 - - - Payment of Personal Services 1,260,066.5 - - - Payment of Maintenance & Other Operating Expenses 1,306,608.8 - - - Other Expenses 69,112.4 - 69,112.4 - Payment of Taxes and Licenses 4,758,525.2 2,776,979.1 690,719.6 1,003,567.5 Payment of Guaranty Deposits 4,658.4 - - - Refund of Performance/Bidders/Bail Bonds 64.2 - - - Cash Applied to Unearned Income 4,867.2 - - - Payment Performance/Bidders/Bail/Bonds/Other Deposits 4,882.8 - - -

27


(in thousand pesos)

Particulars



Guaranty Deposits 348.7 - - - Taxes on Interest Income 13,758.2 - - - Taxes Paid - Prize Fund 330,267.9 - - - Various taxes paid to the BIR 1,030,557.1 - 2.2 - Interest paid on loans 52,825.2 - - - Payment of Communication Expenses 116,547.9 - - - Payment of Advertisements 675,865.2 - - - Equipment Rental 472,379.3 - - - Repairs and Maintenance - Office Equipment 17,136.7 - - - Payment of Property, Plant & Equipment/Infra 134,203.5 - - - Increase in Other Assets 12,391.7 2,060.5 10,331.1 - Remittances to Various Entities 37,613,073.5 28.0 9,741.7 1,506,051.8 Trust Liabilities and Deferred Credits 1,582,983.8 27,462.7 - - Refund of Receivables 2,582.3 - - - Remittance to GSIS/Pag-IBIG/Philhealth Withholding taxes 138,737.5 - - - Trust Fund 551,113.8 - - - Payment of Taxes and Licenses and Other Fees 786,931.5 - 5,994.4 - Loans and Advances to Employees 45,762.2 - - 33,018.9 Loan to Electric Cooperatives 2,075,450.2 - - 2,075,450.2 Changes in Operating Assets and Liabilities 2,600,206.6 2,600,206.6 - - Payment for Capital Expenditures 109,711.6 - 106,999.5 2,712.1 Payment for Project Expenses 13,984.1 - - - Payment of Prior Year's Expenditures 829,551.5 752.5 - 605.8 Prepayments 1,356,522.2 390.6 - 1,307,923.0 Payment for Expenses Incurred for Receivership and Liquidation 7,117.9 - 7,117.9 - Payment of Refund 21,931.2 2,085.0 - 4,008.7 Payment for Purchase of Inventories/Services 1,150,472.0 - - 153,063.4 Regional Centers, Net Cash Flows 50,000.0 - 50,000.0 - Investments in Securities 99,886.5 - 99,886.5 - Investments in Stocks/Treasury Bills 3,737.2 - - - Investments in Stocks/Bonds/Securities 17,079,644.0 17,079,644.0 - - Remittances of dividends 14,693.7 - - - Financial Assistance 1,571,514.2 - 102,071.7 406,328.1 Payment for Arbitration Expense 10,734.5 - - 10,734.5 Increase in Receivables 345,645.7 - 345,645.7 - Increase in Notes Receivable 161,580.9 - 161,580.9 - Management Fee 4,969.2 - - - Miscellaneous Payments 378.1 - - - Holding of Lottery Draws 149,968.7 - - - Loss on Foreign Exchange 180,401.3 - 1,419.3 6,182.3 Payment of meals and resource speakers 735.4 - - -

28


(in thousand pesos)

Particulars



Payment of Trust Liabilities - (Operating & Charity) 1,488,366.3 - - - Payments for Trust Fund - Special Projects 54,220.8 - - - Payment from external funds 3,647.5 - - - Transfer of Funds 1,608,633.9 - - 1,293,260.0 Remittance to National Government 180,581.0 - - - Transfer of Funds to HO/Branch/Other Agencies 873,863.3 - - - Refund of Guaranty Deposits/Other Deposits 95.8 - - - Refund of Oversettlement of Disallowance, Deposits, Unused 1,319.9 - - - Loans and Advances to Employees 40,692.8 - 13,571.4 - Advances to Other Agencies/GOCCs 142,029.0 - - - Grant of Cash Advance/Petty Cash Fund 325,775.4 - - - Cash Advances to NGAs/NGOs 3,179.7 - - - Prepayments 60,269.9 - - - Payment of Prepaid Expenses 5,009.1 - - - Payment of Prior Year's Expenditures 383,528.0 - - - Payment of Continuing Appropriations 767.1 - - - Disbursement of Funds on Account 46,920.7 - - - Cash from sale of acquired assets/foreclosure 5,220.0 - - - Payment of Winning Tickets 61,580.7 - - - Payment of Seller's Prize 24,559.9 - - - Payment of Lotto Prizes 3,678,845.8 - - - Aids for Calamities 138,886.2 - - - Health & Welfare 364,459.4 - - - Medical Assistance 1,438,910.6 - - - Payment for Education and Research Fund; NVBSP 1,984.8 - - - Sports Development 12,233.0 - - - TB Control Program 24,500.0 - - - PCSO Charity Clinic 49,482.1 - - - 5% for LGUs 188,476.8 - - - Ospital para sa Mahirap 10,805.0 - - - GMA Program 245,000.0 - - - PDEA 46,158.3 - - - DOH/NFA Murang Gamot 25,000.0 - - - Avian Flu Protection Program 20,000.0 - - - Ambulance 236,288.5 - - - Payment of Refund 6,230.5 - - - Refund of Depository Liabilities 395,003.1 - - - Refund of Performance/Bidders/Bail Bonds 3,132.2 - - - Payment of Prior Years' Expenditures 73,293.6 - - - Remittance to GSIS/Pag-IBIG/Philhealth 18,182.3 - 1,381.0 - Net Realized Loss on Sale of Investments 54.5 - - 54.5 Prepayments and Guaranty deposits 29,890.9 - - - Payment of Prepaid Expenses 5,261.3 - 82.3 -

29


(in thousand pesos)

Particulars



Interest and Reinsurance Payments 71.3 - - - Reclassification of Current Assets to Non Current 1,503.8 - - - Increase in ROPOA/Acquired Assets 6,245.1 - 6,245.1 - Dividends Paid 915.9 - 915.9 - Provision for retirement 12,337.4 - 12,337.4 - Reinsurance Expenses 1,397,824.3 - 1,397,824.3 - Payment of Liabilties 832,227.5 - 832,227.5 - Liquidation of Advances to Other Funds 176,195.6 - 176,195.6 - Savings Deposits 6,274,106.3 - 6,274,106.3 - Undistributed Collections 2,180.9 - 2,180.9 - Adjustments 8,031.6 - - - Payment of Inter-Agency Payables 1,686,011.6 - - - Grant of Subsidies and Donations 44,780.0 - - - Payment of Other Payables 143,152.4 - - - Cash Paid to Suppliers and Employees 905,336.0 - - - Reversing Entry for the Restored Unreleased Checks 107.3 - - - Remittance to National Government Agencies 329,101.2 - - - Remittance to DA-Special Project 71,667.4 - - - Payment of CDIF 13,677.0 - - - Payment to Suppliers 42,780.5 - - -

Total Cash Outflows 721,638,917.2 229,347,002.1 206,916,145.3 138,402,114.5

Cash Provided by (Used in) Operating Activities 225,189,776.8 78,519,253.0 48,901,626.8 90,158,801.8 - - - -

Cash Flows From Investing Activities - - - - Cash Inflows:

Proceeds from Maturing Treasury Bills/Bonds Short-Term Investment 290,519,525.0 102,384,235.4 170,684,843.2 2,198,363.1 Decrease in other local/foreign currency assets 18,223,294.0 18,223,294.0 - - Net increase in other local currency liabilities 75,170,716.0 75,170,716.0 - - Proceeds from gold sales 16,209,302.0 16,209,302.0 - - Proceeds from maturing PASCN 3,950.7 - - - Net decrease (increase) in Investments in Treasury Bills and Bonds 4,181,326.1 - - - Withdrawal from Investments / high-yield investments 19,580.1 - - - Termination of Bonds/Marketable Securities 64,606.6 - - - Subsidy from Endowment Fund 7,300.0 - - - Short-Term Investments 38,577.9 - - - Collections of Receivables from Loans, Installment Sales 71,752,133.3 - 71,735,104.3 -

Short Term Deposits 77,773,277.3 - - 77,773,277.3 Subsidy/Financial assistance 51,505.8 - - 51,505.8 Collection of Financial Assistance 7,140,584.0 - 7,140,584.0 -

30


(in thousand pesos)

Particulars



Income from Public Enterprises/Investments 492,107.0 - 676.5 491,430.4 Dividend Received 5,460,689.6 - 4,995,080.9 - Interest Earned/Income 511,869.4 - - - Interest Received 624,883.8 - 612,305.9 - Gain from Sale of Investments 79,263.1 - 79,263.1 - Refund of investments 4,699.9 - - - Proceeds from Investments/Sinking Fund/Long-term 327,593.7 52,237.9 - 106,320.2 Proceeds from Investments/Sinking Fund 5,162.9 - 1,862.3 - Proceeds from Sale of Securities/Bonds/Stocks 5,712,707.7 - 5,712,707.7 - Proceeds from Sale of Fixed Assets 807,847.8 633,726.9 3,981.0 107,812.7 Redemption of Long-Term Investments or Repayments 16,124.9 - 16,124.9 - Other Investments 2,040,643.8 - 2,038,378.6 - Acquisition, Major Repair and Adjustment of Fixed Assets (net) 3,131.3 - - - Decrease/Reduction of Investments from Subsidiaries 377,716.2 - - 377,716.2 Collection of Other IncomeOther Income 89,431.9 8,060.1 36.6 22,161.6 Collection of Trust 95.0 - - 95.0 Other Assets/Deferred Charges 23,771.7 510.6 - 23,261.1 Collection from BDO re Recoveries from First -E-Bank 112,061.4 - 112,061.4 - Receipt of payment for capital stock subscription 10,000.0 - 10,000.0 - Receipt of Equity 30,500.0 - 30,500.0 - Cash Transferred/Received 1,103.1 - - 1,103.1 Gain on Sale of Property, Plant and Equipment 717.2 - - - Adjustment of Fixed Assets 0.7 - - -

Tota Cash Inflows 577,887,801.0 212,682,083.0 263,173,510.4 81,153,046.7

Cash Outflows:

Acquisition of Property, Plant and Equipment 9,037,458.4 1,417,344.1 450,011.5 1,523,319.1 Investment in Retail Treasury Bonds Marketable Securities/Stocks 352,428,992.4 138,029,139.8 114,626,934.4 78,535,602.5 Acquisition of Assets held for Sale 3,855.4 3,855.4 - - Acquisition of Intangible Assets 1,254.5 1,254.5 - - Investment in Government and Other Corporations 608.3 - - 608.3 Investment in Securities 189,856.8 - - - Investment in High Yielding Saving Account 63,220.8 - - - Roll-over of PASCN Investment 4,447.9 - - - Re-investment in Financial Securities 130,128.0 - - - Cash deposited to Trust account with LBP and DBP 5,978,610.7 - - - Additional Investments 2,351.8 - - - Repair of Production Building 1,061.3 - - - Disbursement for CY and PY Obligations for Construction Projects 74,136.0 - - -

31


(in thousand pesos)

Particulars



Investment in Joint Ventures 143,059.1 - - 89,207.3 Payment of Tableting and Foiling Machine 2,561.6 - - - Payment of library materials 10.4 - - - Cashflows from sale of fixed assets 416.9 - - - Cash advances for specific purposes 516.1 - - - Input Tax 23.3 - - - Placement for Special Fund/Bonds/Deposits 76,340,307.5 33,939.3 76,275,610.0 30,214.4 Placement of Cash 22,738,473.2 - 22,708,473.2 - Advances to employees/creditors/suppliers/contractors 570,107.5 - - - Payment for Advances/Loans 1,338.0 - - - Release of Loans/Advances 83,039,971.8 621,538.1 81,706,785.7 3,213.3 Advances to Affiliates 6,708.5 - - - Other Payments 3,773.4 3,752.9 - 20.5 Grant of Financial Assistance to Distressed Banks 4,420,000.0 - 4,420,000.0 - Payment for Construction /Capital Expenditures 14,554,268.8 - 16,584.2 12,919,114.8 Payment for Various Funded Projects 3,024,265.0 - - 1,610,910.9 Payment of Long Term Liabilities 1,183,595.3 146,103.7 - 1,037,491.7 Remittance of Taxes 9.8 - - - Remittance of Tax Withheld 16,113.6 156.0 12,059.8 3,897.8 Research and Exploration and Development Cost 4,940.8 - - - Research and Development Cost 1,226,759.1 - - 1,209,432.1 Cash Payments for Construction of Building 1,172.6 - - - Restricted Cash in Sinking Fund 88,495.6 - - 88,495.6 Disbursement for Capital Expenditures 45,674.4 - - - Additions to Acquired Assets/Proceeds from Sale of Acquired Assets (net) 69.9 69.9 - - Gain/Loss from Foreign Exchange 743.7 - - - Sinking Fund 295,231.6 - - - Funding for Various Projects 2,370.0 - - - Preterminated Investments 150.0 - 150.0 - Net Decrease in Other Local and Foreign Currency Financial Assets and Liabilities 1,740,921.0 1,740,921.0 - - Leasehold Improvement 7,906.4 - 7,906.4 - Purchase of Fixed Assets 21,601.6 - - - Disbursement for Capital Expenditures 16,202.3 - 7,690.6 - Other Expenses 33,031.1 - 8,017.4 24,837.7 Fund Transfers 15,855.5 - - 15,855.5 Interest paid on ROP Global Bonds 20,761.3 - 20,761.3 - Deposit in Escrow Account-PBCComm 339,767.8 - 339,767.8 - Long-term Investments 1,690,531.7 - 1,690,531.7 - RPT Share and Cash Advances to LGUs 17,345.4 - 17,345.4 - Acquisition of Intangible Assets 950.0 - 950.0 - Purchase of Securities 134,300.0 - 134,300.0 -

32


(in thousand pesos)

Particulars



Investment in Equity 1,500.0 - 1,500.0 - Adjustments (152.3) - - - Acquisition of Equity Shares 6,250.0 - - -


Cash Provided by (Used in) Investing Activities (1,786,080.8) 70,684,008.4 (39,271,868.9) (15,939,174.3)

Cash Flows From Financing ActivitiesCash Inflows:

Proceeds from Borrowings 17,258,061.2 357,844.3 - 11,306,888.2 Proceeds from Long-Term Borrowings 99,610,121.6 - 71,411,865.8 - Proceeds from Issuance of Stocks/Bonds 6,705.9 - 6,705.9 - Loan Proceeds 100,650.0 - - - Advances from Clients 11,000.0 - - - Equity from National Gov't. 50,000.0 - - - Collections from Loans 5,764.7 - - - Net Issue of Circulating Currency 190,447,261.0 190,447,261.0 - - Principal Payments from Water Districts 32,819.0 - - 32,819.0 Loans 1,195,643.8 - 200,000.0 - Fund Transfer 176,404.3 - - - Subsidy from National Government & Other National Governement 7,973.4 - - - Proceeds from Grants and Government Subsidies 50,000.0 - - - Net Payments of Loans 6,963,419.4 - 6,962,783.2 - Proceeds from Grants and Government Subsidies 1,979,687.5 - - - Collection of subscription receivable 6,729.7 - - - Proceeds from Members Contribution 12,619,239.7 - 12,619,239.7 - Proceeds from Water District Reserve Deposits 38,988.7 - - 38,988.7 Advances from National Government 14,492,417.7 - - 14,479,417.7 Loans/Advances from Affiliates 2,304,605.3 - - 1,704,605.3 Advances from Affiliates 69,484.0 - - - Advances received from BCDA 49,712.6 - - - Bond Floatation 7,491,752.7 - - 7,491,752.7 Net Issue of Circulating Currency 700,751.6 - - 700,751.6 Capital Infusion 30,875.0 - 30,875.0 - Equity Received 4,861,861.4 35,000.5 - 4,776,860.9 Share from income/fees collected 3,435.5 - - - Grants and Government Subsidies 2,500.0 2,500.0 - - Net decrease in special drawing rights 6,138.0 6,138.0 - - Deposit for Future Subscription 25,000.0 - - - Bills Payable 546,005.0 546,005.0 - - Proceeds from Trust Receipts 32,047.4 - 32,047.4 - Payment of Interest 47,180.9 - 549.2 -

33


(in thousand pesos)

Particulars



Collection of Advances to ( from) Other Funds 170,242.5 - 170,242.5 - Cash Recoveries from Items Written-Off 216,951.0 216,951.0 - - Proceeds from PN's Rediscounting 1,765,462.8 - - - Proceeds from Sale of NCB Notes 4,748.3 - - - Proceeds from Sale of PN's 857,973.0 - - - Proceeds for Special Project 106,841.8 - - -

Total Cash Inflows 364,346,456.4 191,611,699.8 91,434,308.7 40,532,084.2

Cash Outflows:Payment of Loans/Bonds Payable Capital Stock Redeemed 90,767,638.2 62,332,225.0 - 27,993,401.2 Payment of Domestic and Foreign Loans 17,708,208.5 - - - Payment of Loans Payable 78,823,043.4 - 78,495,374.4 - Payments of Bonds Payable 3,242.1 - - - Payment of interest on Loans/Bonds Payable and Other Financial Charges 917.3 - - - Loan Releases/Financial Assistance 105,626.1 - - - Payment to Philhealth 530,382.4 - - - Payment of Capital Stocks/Bonds Redeemed 368,907.8 - 368,907.8 - Debt Servicing 991,629.0 - - - Repayment of Loans 1,834,029.7 - - - Dividends Paid 3,569,193.4 2,746,830.0 51,471.3 2,166.5 Escrow fund 40,332.2 - - - Withdrawal of circulating currency 176,355,320.0 176,355,320.0 - - Other Charges to Capital 720,599.0 - - 720,599.0 Payment to National Government 13,807,870.8 6,959.0 - 13,800,911.8 Payment of Assumed RECs loans from NEA 1,700,307.2 - - 1,700,307.2 Advances to National Power Corporation 1,704,605.3 - - 1,704,605.3 Payment of Long Term Liabilities 57,837,333.6 11,678,781.3 - 45,033,725.3 Payment of Miscellaneous Long Term Liabilities 1.3 - 1.3 - Placement in Short-Term Investment 1,340.6 - 1,340.6 - Provident Benefit Claims 5,669,754.1 - 5,669,754.1 - Advances to SRMPP/PEMC 766,829.1 - - 766,829.1 Loans/Lending 144,077.6 - - - Interest Expense 22,544,797.0 26,495.7 321,649.7 18,515,615.4 Other Expenses/Payables 325,918.9 142.6 - 68,146.6 Sinking Fund 684,041.2 - 684,041.2 - Payment of Guarantee fees to BTR 99,984.3 - 99,984.3 - Guarantee Call Payments 46,663.4 - 46,663.4 - Payment of Loans to BSP 7,624,621.9 - 7,624,621.9 - Liquidation of Advances to Other Funds 254,625.1 - 254,625.1 - Payment of dividend to the national government 1,155,666.4 - 101,093.3 1,054,573.1 Corporate Operating Budget of ECC and OSHC 99,777.6 - 99,777.6 -

34


(in thousand pesos)

Particulars



Payment for PN's Rediscounting 1,457,430.9 - - - Payment from Sale of PN's 680,261.1 - - - Payment of Advances to Affiliates 286.8 - - - Paymnet of Trustee Fee 4,232.1 - - -


Cash Provided by (Used in) Financing Activities (124,083,039.0) (61,535,053.7) (2,384,997.2) (70,828,796.2)

Effects of Exchange Rate Changes on Cash and Cash Equivalents (45,726,615.6) (45,742,776.0) (25,213.8) 213,411.0

Total Cash provided by Operating, Investing andFinancing Activities 53,594,041.4 41,925,431.7 7,219,546.8 3,604,242.2

Add:Cash and Cash Equivalents, Beginning January 1, 2005 as restated 585,607,220.4 487,021,837.7 40,939,415.3 36,111,374.9

Cash and Cash Equivalents, Ending December 31, 2005 639,201,261.7 528,947,269.4 48,158,962.1 39,715,617.1


35


Regulatory


Social, Cultural and

Scientific

Cash Flows From Operating ActivitiesCash Inflows:

Operating Income 12,514,874.7 - 61,803.5 Lotto installation fee and other related income - - 4,152.0 Franchise tax - - 9,505.3 Income from Fees - - 881.3 Rent Income 195,000.8 - 51,970.2 Commission - - 8,913.4 Hospital Income - - 987,530.6 Sales Revenue - - 8,793.7 Sales of Sweepstakes Tickets - - 62,765.6 Interest Income - - 247,157.5 Interest Income from Investments - - 575,751.6 Investment and Other Income - - 19,259.2 Dividend Income - - 18.1 Service Fees - 133,866.2 - Cash Receipts from Sale of Goods and Inventories 164,187.7 283,550.8 - Interest and Commission 36,263.6 23.4 - Interest Income - 64,123.6 - Collection of Income/Revenue - 9,356,321.7 392,353.4 Fees, Commission and Other Income 71.8 30,142.1 - Collection from Customers/Beneficiaries/Awardees 6,776,863.5 - - Collection of Income from Operations/receivables - - 682,234.2 Collection of Receivables 1,275,286.1 3,668,184.7 486,870.3 Collection of Receivables from employees 1,141.9 - - Cash Received from Customers - 26,954,099.2 - Cash Received from HO&RO/Accredited Collection - 39,077,567.6 - Cash Received from Other Sources 39.8 372.9 - Collection of receivable from Bureau of the Treasury - - 27,764.0 Collection of receivables from disallowances - - 61.7 Cash received from OFWs - - 1,328,754.5 Cash received from Casino Customers - - 20,274,893.2 Cash received from Chip Washing Operations non-casino customers and other income 2,797,996.3 Collection from customers/service income - - 34,115.4 Collection from various PDOs - - 321,555.7 Agents Settlements - - 11,057,528.2 Collection Held in Trust 1,192,494.2 2,686,812.8 - Collection for Unliquidated damages 9,112.8 - - Interest Earned/Income 292,223.1 - - Dividend Income - 10.9 -

Other Receipts/Adjustments - 7,448.9 -

(in thousand pesos)

Particulars



36


Regulatory



Scientific

(in thousand pesos)

Particulars



Other Receipts 338,094.0 - 393,780.7 Receipt of subsidy, financial assistance, grants & donations 180,984.5 1,903,549.3 - Tranfer of funds from HO/Branch/Subsidiaries 1,432,455.7 - - Refund from payment of expenses 14,191.3 - - Gain on Foreign Exchange 81.9 380,902.5 8,316.3 Miscellaneous Income - - 8,276.7 Receipt of Guaranty Deposits 11,217.6 - 817.7 Receipt of Patient's Deposits - - 260,457.2 Miscellaneous Deposits - - 226.7 Receipt of Performance/Bidders/Bail/Bonds/Other Deposits 15,976.8 - 7,295.4 Gain/Proceed from Sale of Assets/Acquired Assets 660,735.0 - 12,580.0 Proceeds from Sale of Waste Materials - - 350.4 Receipt of Refund from Cash Advance & Reinsurance Premium/Other Expens 121.0 6,595.8 374.1 Refund of Cash Advance, Petty Cash Fund & Overpayment of Expense - - 1,775.3 Collection of advances - - 292,003.2 Cancellation of payments to payables - - 3,488.6 Unreleased/Cancelled Checks - 18,243.6 7,268.3 Proceeds of Insurance - 3,189.4 - Collection of Prior Years' Income 882.8 - 7,222.5 Unreleased/Cancelled Stale Checks 634.9 - - Increase in Deposit Liabilities 1,279.0 - - Receipt of Subsidy from National Government - - 735,744.7 Receipt of Project Fund - 9,795.9 9,249.1 Receipt of external fund - - 2,895.1 Fund Received for CCP Projects - - 5,200.1 Loading Fund Received from GSIS/SSS - - 80,013.5 Grants and Donations 21.1 104.5 491.0 Financial Assistance - - 10,950.4 Fund Transfer: DOH for Indigency Patiens - - 6,281.7 Receipt of Funds on Account - - 107,897.4 Collection from Various Entities 273,280.8 - - Refund of Cash Advance, Petty Cash Fund & Overpayment of Expense 1,711.5 3,346.1 - Collection Held in Trust - - 60,175.2 Collection of withholding taxes/GSIS/Pagibig/Philhealth Premium - - 44,537.8 Receipt of Trust Funds - Patients/Guaranty Deposits - - 197,873.4 Receipt of Trust Funds from DOH, PDAF and other Congressional Initiatives - - 112,147.7 Trust Liabilities & Deferred Credits - - 1,570.4 Unremmited Ticket Sales & Refundable Violation Deposits - - 4,227.6 Terminated Investments - Restricted Funds from Other Assets - - 30,100.0 Redemption of Acquired Assets - - 2,720.0 Rent Income - Acquired Assets - - 36.4 CA-Accts with Legal/Advances on foreclosure - - 1,457.1

37


Regulatory



Scientific

(in thousand pesos)

Particulars



Receipts of Guaranty Deposits - 2,481.2 - Proceeds on Performance Bond/Other Deposits - 27,619.4 - Adjustments (265.2) - - Fund Transfer from NGAs - 61,435.3 - Collection of Travel Tax - 2,087,732.6 - Collection of Output Tax - 251.6 - Collection of Receivable from Natinal Government - 1,190.0 - Sale of Br-Products - 12,147.3 - Sale of MTS - 5,000.0 - Other Sales Revenue - 4,994.1 - Collection of Depository Liabilities - 223,238.5 - Collection from FOBB - 74,588.6 - Refund of ROTA/HOA/HOCA Charges - 1,714.2 - Deferred Credits to Income - 231,066.5 - FOBB Return of Palay to Farmers - 13,724.5 - Refund of Excess Prepayments - 62.9 -

Tota Cash Inflows 25,387,821.1 87,335,498.8 41,860,430.7

Cash Outflows:Payment of Members and Beneficiaries - 164.7 - Bank Operating Expenses - - - Payment of Operating Expenses 7,473,477.0 41,256,302.8 13,611,644.2 Payment of Accounts Payable 309,173.7 1,642,311.4 157,901.5 Payment of Personal Services 33,716.0 - - Payment of Thermal Rolls/Playslips - - 281,075.6 Purchase of Inventories - - 3,769.3 Payment of Medicines and Drugs - RF - - 945.5 Payment of Office Supplies and Printing Materials - - 816,221.7 Payment of Interests and Guaranty Deposit Payables 1,732.9 General & Administrative Expenses - 128.8 - Cash Payments to Suppliers/Customers/Employees 5,518,041.4 - - Cash payment from trust receipts 106,598.2 - - Financial expenses 181,653.0 - - Payment of Financing/Bank Charges - 326.0 -

` Payment of Interests 11,463.0 180.2 - Other Cash Payment 23,094.8 - - Payment to Officers and Employees - 52,745.0 - Other Cash Outlay/Adjustments - 45,788.3 - Loan Releases 62,465.6 2,286,910.2 - Payment to Suppliers and Employees, Service Providers 772,199.6 - - Payment of Other Expenses 104,006.7 - - Payment to Other GOCCs - - 32.2

38


Regulatory



Scientific

(in thousand pesos)

Particulars



Cash paid to Employees, Claimants and Other Parties - - 9,794,165.8 Payment of Personal Services - - 1,260,066.5 Payment of Maintenance & Other Operating Expenses - - 1,306,608.8 Other Expenses - - - Payment of Taxes and Licenses 271,833.2 14,715.2 710.6 Payment of Guaranty Deposits 4,658.4 - - Refund of Performance/Bidders/Bail Bonds - - 64.2 Cash Applied to Unearned Income 4,867.2 - - Payment Performance/Bidders/Bail/Bonds/Other Deposits 4,882.8 - - Guaranty Deposits - - 348.7 Taxes on Interest Income - - 13,758.2 Taxes Paid - Prize Fund - - 330,267.9 Various taxes paid to the BIR 270,438.9 510,498.1 1,030,554.9 Interest paid on loans - - 52,825.2 Payment of Communication Expense - - 116,547.9 Payment of Advertisement - - 675,865.2 Equipment Rental - - 472,379.3 Repairs and Maintenance - Office Equipment - - 17,136.7 Payment of Property, Plant & Equipment/Infra - - 134,203.5 Remittances to Various Entities 799,140.4 35,298,111.5 - Trust Liabilities and Deferred Credits 504,566.2 1,050,954.9 - Refund of Receivables - - 2,582.3 Remittance to GSIS/Pag-IBIG/Philhealth/Witholding taxes - - 138,737.5 Payment of Trust Fund - 551,113.8 - Loans and Advances to Employees 126.5 12,616.8 - Payment for Project Expenses 4,341.9 - 9,642.2 Payment of Prior Year's Expenditures 386,620.1 441,573.2 - Prepayments 22,845.3 25,363.3 - Payment of Refund - 7,143.8 8,693.7 Payment for Purchase of Inventories/Services 985.1 996,423.5 - Investments in Stocks/Treasury Bills 3,737.2 - - Investments in Stocks/Bonds/Securities - - - Remittances of dividends 14,693.7 - - Financial Assistance 1,063,114.4 - - Management Fee - - 4,969.2 Miscellaneous Payments - - 378.1 Holding of Lottery Draws - - 149,968.7 Loss on Foreign Exchange 11,446.8 121,433.9 39,919.0 Payment of meals and resource speakers - - 735.4 Payment of Trust Liabilities - (Operating & Charity) - - 1,488,366.3 Payments for Trust Fund - Special Projects - - 54,220.8 Payment from external funds - - 3,647.5

39


Regulatory



Scientific

(in thousand pesos)

Particulars



Transfer of Funds - 315,374.0 - Remittance to National Government 168,581.0 - 12,000.0 Transfer of Funds to HO/Branch/Other Agencies 873,863.3 - - Refund of Guaranty Deposits/Other Deposits 95.8 - - Refund of Oversettlement of Disallowance, Deposits, Unused 1,319.9 - - Advances to Other Agencies/GOCCs 142,029.0 - - Loans and Advances to Employees - 1,595.1 25,526.3 Grant of Cash Advance/Petty Cash Fund 2,321.5 - 319,863.9 Cash Advances to NGAs/NGOs - - 3,179.7 Prepayments 339.3 - 64,939.7 Payment of Prior Years' Expenditures - 73,293.6 383,528.0 Payment of Continuing Appropriations - - 767.1 Disbursement of Funds on Account - - 46,920.7 Cash lows from sale of acquired assets/foreclosure - - 5,220.0 Payment of Winning Tickets - - 61,580.7 Payment of Seller's Prize - - 24,559.9 Payment of Lotto Prizes - - 3,678,845.8 Aids for Calamities - - 138,886.2 Health & Welfare - - 364,459.4 Medical Assistance - - 1,438,910.6 Payment for Education and Research Fund; NVBSP - - 1,984.8 Sports Development - - 12,233.0 TB Control Program - - 24,500.0 PCSO Charity Clinic - - 49,482.1 5% for LGUs - - 188,476.8 Ospital para sa Mahirap - - 10,805.0 GMA Program - - 245,000.0 PDEA - - 46,158.3 DOH/NFA Murang Gamot - - 25,000.0 Avian Flu Protection Program - - 20,000.0 Ambulance - - 236,288.5 Payment of Refund - 6,230.5 - Refund of Depository Liabilities - 395,003.1 - Refund of Performance/Bidders/Bail Bonds - 3,132.2 - Remittance to GSIS/Pag-IBIG/Philhealth - 16,801.3 - Remittance to BIR - - - Net Realized Loss on Sale of Investments - - - Prepayments and Guaranty deposits - 29,890.9 - Payment of Prepaid Expenses - 5,179.0 - Granting of Cash Advance/Petty Cash Fund - 3,590.0 - Interest and Reinsurance Payments - 71.3 - Reclassification of Current Assets to Non Current 1,503.8 - -

40


Regulatory



Scientific

(in thousand pesos)

Particulars



Adjustments 8,031.6 - - Payment of Inter-Agency Payables - 1,686,011.6 - Grant of Subsidies and Donations - 44,780.0 - Payment of Other Payables - 143,152.4 - Cash Paid to Suppliers and Employees - 905,336.0 - Reversing Entry for the Restored Unreleased Checks - 107.3 - Remittance to National Government Agencies - 329,101.2 - Remittance to DA-Special Project - 71,667.4 - Payment of CDIF - 13,677.0 - Payment to Suppliers - 42,780.5 -

Total Cash Outflows 19,162,272.1 88,401,579.8 39,409,803.5

Cash Provided by (Used in) Operating Activities 6,225,549.0 (1,066,080.9) 2,450,627.2

Cash Flows From Investing ActivitiesCash Inflows:

Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 1,026,094.0 12,624,744.7 1,601,244.6 Proceeds from maturing PASCN - - 3,950.7 Net decrease (increase) in Investments in Treasury Bills and Bonds - - 4,181,326.1 Withdrawal from Investments / high-yieldinvestments - - 19,580.1 Termination of Bonds/Marketable Securities - - 64,606.6 Subsidy from Endowment Fund - - 7,300.0 Short-Term Investments 38,577.9 - - Collection from Loans - 17,006.5 - Collections of Receivables from Loans, Installment Sales 22.5 - - Dividend Received 462,550.8 157.0 2,900.8 Interest Earned/Income 490,855.8 - 21,013.6 Interest Received - 12,577.9 - Refund of investments 4,699.9 - - Proceeds from Investments/Sinking Fund/Long-term 169,035.6 - - Proceeds from Investments/Sinking Fund - 3,300.6 - Proceeds from Sale of Fixed Assets 4,732.5 27,363.1 30,231.5 Other Investments - 2,265.2 - Acquisition, Major Repair and Adjustment of Fixed Assets (net) - 3,131.3 - Other Income 59,173.6 - -

41


Regulatory



Scientific

(in thousand pesos)

Particulars



Gain on Sale of Property, Plant and Equipment - 717.2 - Adjustment of Fixed Assets - 0.7 -

Tota Cash Inflows 2,255,742.6 12,691,264.1 5,932,154.1

- - - Cash Outflows:

Acquisition of Property, Plant and Equipment 4,968,337.4 181,883.9 496,562.5 Investment in Retail Treasury Bonds/Marketable Securities/Stocks 160,107.2 18,189,749.1 1,225,339.8 Investment in Treasury Bills/Retail Treasury Bonds Marketable Securities/Stocks 1,662,119.6 Investment in securities - - 189,856.8 Investment in High Yielding Saving Account - - 63,220.8 Roll-over of PASCN Investment - - 4,447.9 Re-investment in Tbills, Tbonds & Other Securities - - 130,128.0 Cash deposited to Trust account with LBP and DBP - - 5,978,610.7 Additional Investments - - 2,351.8 Repair of Production Building - - 1,061.3 Disbursement for CY and PY Obligations for Construction Projects - - 74,136.0 Investment in Joint Ventures 53,851.8 - - Payment of Tableting and Foiling Machine - - 2,561.6 Payment of library materials - - 10.4 Cashflows from sale of fixed assets - - 416.9 Cash advances for specific purposes - - 516.1 Input Tax - - 23.3 Placement for Special Fund/Bonds/Deposits 543.9 - - Placement of Cash - 30,000.0 - Advances to employees/creditors/suppliers/contractors 570,107.5 - - Payment for Advances/Loans 1,338.0 - - Releases of Loan/Advances 458,033.0 250,401.8 - Advances to Affiliates - 6,708.5 - Construction Cost/Capital expenditures 1,596,082.2 22,487.7 - Payment for Various Funded Projects 1,413,354.1 - - Remittance of Taxes 9.8 - - Research and Exploration and Development Cost - 4,940.8 - Research and Development Cost 17,327.1 - - Cash Payments for Construction of Building 1,172.6 - -

42


Regulatory



Scientific

(in thousand pesos)

Particulars



Disbursement for Capital Expenditures 45,674.4 - - Gain/Loss from Foreign Exchange 743.7 - - Sinking Fund 295,231.6 - - Funding for Various Projects 2,370.0 - - Purchase of Fixed Assets - 21,601.6 - Disbursement for Capital Expenditures - 8,511.7 - Other Expenses - 176.1 - Adjustments (152.3) - - Acquisition of Equity Shares - 6,250.0 -

Total Cash Outflows 11,246,251.8 18,722,711.2 8,169,243.8 Cash Provided by (Used in) Investing Activities (8,990,509.2) (6,031,447.0) (2,237,089.7)

Cash Flows From Financing Activities - - - Cash Inflows:

Proceeds from Borrowings 5,593,328.7 - - Proceeds from Long-Term Borrowings - 28,198,255.7 - Loan Proceeds - - 100,650.0 Advances from Clients - - 11,000.0 Equity from National Gov't. - - 50,000.0 Collections from Loans - - 5,764.7 Loans 992,979.5 2,664.3 - Fund Transfer - - 176,404.3 Subsidy from National Government & Other National government - - 7,973.4 Proceeds from Grants and Government Subsidies - - 50,000.0 Net Payments of Loans - 636.1 - Proceeds from Grants and Government Subsidies 1,979,687.5 - - Collection of subscription receivable 6,729.7 - - Advances from National Government - 13,000.0 - Loans/Advances from Affiliates 600,000.0 - - Advances from Affiliates - 69,484.0 - Advances received from BCDA 49,712.6 - - Receipt of Equity 50,000.0 - - Share from income/fees collected 3,435.5 - - Grants and Government Subsidies - - - Deposit for Future Subscription - 25,000.0 - Receipt of Interest 46,631.8 - - Proceeds from PN's Rediscounting - 1,765,462.8 - Proceeds from Sale of NCB Notes - 4,748.3 - Proceeds from Sale of PN's - 857,973.0 - Proceeds for Special Project - 106,841.8 -

Total Cash Inflows 9,322,505.3 31,044,066.0 401,792.4

43


Regulatory



Scientific

(in thousand pesos)

Particulars



Cash Outflows:Payment of Loans/Bonds Payable/Capital Stock Redeemed 442,011.9 - - Payment of Domestic and Foreign Loans - 17,700,431.8 7,776.7 Payment of Loans Payable - - 327,669.1 Payments of Bonds Payable - 3,242.1 - Payment of interest on loans/bonds payable & other financial charges - - 917.3 Loan Releases/Financial Assistance - - 105,626.1 Payment to Philhealth - - 530,382.4 Debt Servicing 991,629.0 - - Repayment of Loans 1,834,029.7 - - Dividends Paid 768,725.7 - - Escrow fund 40,332.2 - - Payment of Long Term Liabilities - 1,124,827.1 - Loans/Lending 144,077.6 - - Interest Expense 225,997.4 3,455,038.9 - Other Expenses/Payables 253,249.2 4,380.6 - Payment for PN's Rediscounting - 1,457,430.9 - Payment from Sale of PN's - 680,261.1 - Payment of Advances to Affiliates - 286.8 - Paymnet of Trustee Fee - 4,232.1 -

Total Cash Outflows 4,700,052.6 24,430,131.4 972,371.6

Cash Provided by (Used in) Financing Activities 4,622,452.7 6,613,934.6 (570,579.1)

Effects of Exchange Rate Changes on Cash and Cash Equivalents (166,766.6) (5,270.2) -

Total Cash provided by Operating, Investing and 1,690,725.8 (488,863.6) (357,041.6) Financing Activities

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 8,001,878.8 6,139,036.6 7,393,677.0

Cash and Cash Equivalents, Ending December 31, 2005 9,692,604.7 5,650,173.1 7,036,635.4


44

PRESENTATION BY CLUSTER

FINANCIAL A CLUSTER Bangko Sentral ng Pilipinas CB - Board of Liquidators Land Bank of the Philippines Land Bank Realty Development Corporation Land Bank Countryside Development Foundation, Inc. LBP Insurance Brokerage, Inc. LBP Leasing Corporation People's Credit Finance Corporation Masaganang Sakahan, Inc. Development Bank of the Philippines DBP Data Center, Inc. DBP Management Corporation Industrial Guarantee Loan Fund Al-Amanah Islamic Investment Bank of the Philippines

TOTAL BSP CB-BOL

Current Assets 1,624,771,224.8 1,194,953,250.0 19,959,628.0 International Reserves 763,996,803.0 744,985,719.0 19,011,084.0 Cash on Hand 9,399,325.3 310,747.0 2.0

Petty Cash Fund 1,053.8 - 2.0 Other Cash Accounts 9,398,271.5 310,747.0 -

Cash in Bank 255,210,175.9 254,897,039.0 4,964.0 Cash - Bangko Sentral Ng Pilipinas 2,788.3 - 2,788.0 Cash in Bank - Local Currency, Current Account 29,469,845.3 29,194,881.0 2,176.0 Cash in Bank - Local Currency, Savings Account 35,384.6 - - Cash in Bank - Foreign Currency, Current Account 225,702,158.0 225,702,158.0 -

Short Term Investments 86,204,430.3 10,735.0 29,000.0 Marketable Securites 20,848,833.7 10,735.0 - Other Short Term Investments 65,355,596.7 - 29,000.0

Receivables - net 468,374,561.6 172,973,032.0 914,578.0 Accounts Receivable 12,259,483.9 3,982,457.0 - Notes Receivable 1,370,694.4 1,366,731.0 - Due from Officers and Employees 758,485.3 758,329.0 - Loans Receivables - GOCCs 1,085,712.0 - 1,085,712.0 Loans Receivables - Others 333,231,274.3 116,544,846.0 140,730.0 Interest Receivable 13,981,350.4 11,761,148.0 - Due from National Treasury 22,581,759.0 22,581,759.0 - Due from NGAs 21,278,506.6 - - Due from GOCCs 15,900,882.3 - - Due from Subsidiaries/Affiliates 447.0 447.0 - Other Receivables 55,923,268.1 25,316,492.0 - Allowance for Doubtful Accounts (9,997,301.7) (9,339,177.0) (311,864.0)

Inventories - net 19,448,978.6 18,691,368.0 - Raw Materials Inventory 10,440,757.0 10,440,757.0 - Work-in-Process Inventory 3,620,153.0 3,620,153.0 - Finished Goods Inventory 9,364.0 9,364.0 - Merchandise Inventory 16,098.8 - - Office Supplies Inventory 124,662.1 - - Accountable Forms Inventory 150,319.0 - - Other Supplies Inventory 98,961.1 98,394.0 - Construction Materials Inventory 4.6 - - Other Inventories 4,988,659.0 4,522,700.0 -

Prepayments and Deferred Charges 21,716,676.2 3,059,882.0 - Prepaid Rent 226.7 - - Prepaid Insurance 109.5 - - Prepaid Interest 4,933.9 - - Advances to Contractors 6,537.9 - - Deferred Charges 19,784,548.8 1,809,814.0 - Other Prepaid Expenses 1,920,319.5 1,250,068.0 -

Other Current Assets 420,274.0 24,728.0 - Guaranty Deposits 7,326.2 4,766.0 - Other Current Assets 412,947.8 19,962.0 -

ACCOUNT TITLE

ASSETS

Financial A Cluster Detailed Balance Sheet

December 31, 2005(in thousand pesos)

45

TOTAL BSP CB-BOLACCOUNT TITLE



Investments - net 178,098,025.8 71,761,689.0 - Investment in Treasury Bills/Bonds/Notes 74,260,598.6 74,165,475.0 - Investment in Stocks 29.3 - -

Investments in Bonds 370,546.2 - - Other Investments and Markatable Securities 79,600,317.4 - - Investments in Joint Ventures/Subsidiaries/Ous 195,159.0 - - Interest Bearing Loans/Advances 6,991.0 - - Receivables - Items for Litigation 9,035.5 - - Receivables - Long Term 3,516,178.0 - - Other Long term Investments 22,765,066.5 - - Allowance for Decline in Value of Investments (2,620,433.1) (2,403,786.0) - Allowance for Doubtful Accounts-Long Term Receivables (5,462.5) - -

Property, Plant and Equipment - net 35,353,814.3 11,784,140.0 - Land and Land Improvements 666,764.9 - -

Land 666,764.9 - -

Building 13,672,551.4 9,634,738.0 - Office Buildings 13,672,551.4 9,634,738.0 -

Leasehold Improvements 255,633.4 - - Other Leasehold Improvements 255,633.4 - -

Office Equipment, Furniture and Fixtures 6,988,941.9 1,948,567.0 - Office Equipment 11,080.6 - - Furniture and Fixtures 22,290.5 - - IT Equipment and Software 1,995,152.7 1,948,567.0 - Library Books 185.1 - - Other Equipment, Furniture and Fixtures 4,960,232.8 - -

Machinery and Equipment 505.6 - - Construction and Heavy Equipment 460.6 - - Other Machinery and Equipment 45.0 - -

Transportation Equipment 679,871.4 - - Motor Vehicles 9,579.3 - - Other Transportation Equipment 670,292.0 - -

Other Property, Plant and Equipment 23,646,079.3 5,481,286.0 - Other Property, Plant and Equipment 23,646,079.3 5,481,286.0 -

Accumulated Depreciation (11,686,773.6) (6,258,772.0) -

Construction in Progress 1,130,240.0 978,321.0 - Construction in Progress - Agency Assets 1,130,240.0 978,321.0 -

Intangible Assets 98,780.0 - - Other Intangible Assets 98,780.0 - -

Other Assets 21,082,088.5 14,268,364.0 - Arts, Archeological Specimens and Other Exhibits 67,885.0 67,885.0 - Items in Transit 783.6 - - Other Assets 21,013,419.9 14,200,479.0 -

1,859,403,933.5 1,292,767,443.0 19,959,628.0 TOTAL ASSETS

46

TOTAL BSP CB-BOLACCOUNT TITLE



Current Liabilities 1,076,957,028.4 721,550,374.0 256,763.0 Accounts Payable 3,185,411.2 - 539.0 Deposit Liabilities 609,174,756.2 315,186,830.0 - Currency in Circulation 336,557,506.0 336,557,506.0 - Notes Payable 279,287.0 - - Loans Payable 40,960,579.2 - - Interest Payable 5,115,693.3 5,085,294.0 - Accrued Expenses Payable 6,915,028.9 - - Income Tax Payable 47,669.5 - - Contracts Payable 6,931.8 - - Due to Officers and Employees 20.0 - - Due to National Treasury 224,244.4 - - Due to BIR 355,453.9 - - Due to Other NGAs 1,360.8 - - Due to Other GOCCs 760,282.2 - - Due to Central Office/Home Office 2,084.2 - - Due to Other Funds 2,001,986.0 - - Guaranty Deposits Payable 117,583.0 - - Performance/Bidders/Bail Bonds Payable 8,099.8 - - Letter of Credits 97,806.0 - - Other Payables 71,145,244.9 64,720,744.0 256,224.0

Long-Term Liabilities 868,593,776.5 323,077,213.0 415,958,905.0 Bonds Payable - Domestic 46,019,118.0 46,019,118.0 - Loans Payable - Domestic 378,992,031.6 - 376,908,920.0 Loans Payable – Foreign 311,686,682.3 145,283,329.0 39,049,985.0 Loans and Advances Payables 122,932,210.0 122,932,210.0 - Other Long-Term Liabilities 8,963,734.6 8,842,556.0 -

1,945,550,804.9 1,044,627,587.0 416,215,668.0

Deferred Credits 3,819,264.5 - - Other Deferred Credits 3,819,264.5 - -

EQUITY Government Equity 10,803,304.0 10,000,000.0 - Capital Stock 25,831,782.8 - - Paid in Capital in Excess of Par Value 111,423.8 - - Restricted/Reserve Capital/Equity 210,298,310.0 201,829,866.0 - Appraisal Capital 115,056.0 - - Retained Earnings (337,126,012.5) 36,309,990.0 (396,256,040.0)

(89,966,135.9) 248,139,856.0 (396,256,040.0)

1,859,403,933.5 1,292,767,443.0 19,959,628.0




TOTAL LIABILITIES

TOTAL EQUITY

47

LBP LBRDC PCFC

Current Assets 256,344,849.0 134,253.1 3,170,409.6 Cash on Hand 8,381,168.0 - 30.0

Petty Cash Fund 932.0 - 30.0 Other Cash Accounts 8,380,236.0 - -

Cash in Bank - 1,539.4 163,010.7 Cash in Bank - Local Currency, Current Account - 1,539.4 163,010.7

Short Term Investments 79,836,592.0 47,330.2 4,473.2 Marketable Securites 17,079,644.0 39,002.0 - Other Short Term Investments 62,756,948.0 8,328.3 4,473.2

Receivables - net 149,236,618.0 73,359.3 2,999,759.8 Accounts Receivable 97,668.0 52,739.7 3,093,030.5 Due from Officers and Employees - 156.0 - Loans Receivables - Others 112,020,401.0 - 65,593.7 Interest Receivable 2,043,550.0 3,256.2 36,846.9 Due from GOCCs 12,634,180.0 - - Other Receivables 22,440,819.0 17,207.3 - Allowance for Doubtful Accounts - - (195,711.3)

Inventories - net 737,200.0 86.5 292.9 Office Supplies Inventory 120,922.0 81.9 292.9 Accountable Forms Inventory 150,319.0 - - Construction Materials Inventory - 4.6 - Other Inventories 465,959.0 - -

Prepayments and Deferred Charges 17,772,097.0 11,670.9 1,107.8 Prepaid Insurance - 59.6 - Prepaid Interest - 4,933.9 - Advances to Contractors - 6,537.9 - Deferred Charges 17,585,630.0 139.6 827.2 Other Prepaid Expenses 186,467.0 - 280.6

Other Current Assets 381,174.0 266.8 1,735.2 Guaranty Deposits - 266.8 - Other Current Assets 381,174.0 - 1,735.2

Investments - net 45,563,352.0 107,950.6 21,035.5 Other Investments and Markatable Securities 45,563,352.0 - - Receivables - Items for Litigation - - 9,035.5 Receivables - Long Term - - - Other Long term Investments - 107,950.6 15,000.0 Allowance for Decline in Value of Investments - - (3,000.0)

Property, Plant and Equipment - net 22,217,836.0 89,503.7 13,900.6 Land and Land Improvements 344,803.0 - -

Land 344,803.0 - -

Building 3,392,460.0 - - Office Buildings 3,392,460.0 - -

Leasehold Improvements 240,553.0 - 4,732.8 Other Leasehold Improvements 240,553.0 - 4,732.8

Office Equipment, Furniture and Fixtures 3,853,082.0 2,417.1 26,705.2 Office Equipment - 1,140.9 - Furniture and Fixtures - 19.2 2,688.1 IT Equipment and Software - 1,254.5 24,017.2 Library Books - 2.3 -



ACCOUNT TITLE

ASSETS

48

LBP LBRDC PCFC



ACCOUNT TITLE

Other Equipment, Furniture and Fixtures 3,853,082.0 - -

Machinery and Equipment - 505.6 - Construction and Heavy Equipment - 460.6 - Other Machinery and Equipment - 45.0 -

Transportation Equipment 315,513.0 1,733.2 7,379.7 Motor Vehicles - - 7,379.7 Other Transportation Equipment 315,513.0 1,733.2 -

Other Property, Plant and Equipment 17,886,022.0 87,620.7 2,168.0 Other Property, Plant and Equipment 17,886,022.0 87,620.7 2,168.0

Accumulated Depreciation (3,966,516.0) (2,772.9) (27,085.2)

Construction in Progress 151,919.0 - - Construction in Progress - Agency Assets 151,919.0 - -

Other Assets - 11,666.3 70,379.0 Arts, Archeological Specimens and Other Exhibits - - - Items in Transit - - - Other Assets - 11,666.3 70,379.0

324,126,037.0 343,373.6 3,275,724.6

Current Liabilities 255,985,820.0 40,604.6 1,962,575.4 Accounts Payable 1,938,143.0 3,517.9 - Deposit Liabilities 242,731,074.0 - - Loans Payable - - 1,905,152.4 Interest Payable - - 28,716.3 Accrued Expenses Payable 3,477,253.0 3,027.5 - Income Tax Payable - - 16,336.6 Contracts Payable - 6,931.8 - Due to BIR 174,704.0 7,395.7 821.4 Due to Other NGAs - 1,335.8 - Due to Other GOCCs 688,701.0 - 157.1 Due to Central Office/Home Office - - - Due to Other Funds 2,001,986.0 - - Performance/Bidders/Bail Bonds Payable - 8,099.8 - Other Payables 4,973,959.0 10,296.2 11,391.7

Long-Term Liabilities 37,202,301.0 - - Loans Payable - Domestic 2,001,244.0 - - Loans Payable – Foreign 35,201,057.0 - -

293,188,121.0 40,604.6 1,962,575.4

Deferred Credits 3,212,508.0 6,216.8 22,507.6 Other Deferred Credits 3,212,508.0 6,216.8 22,507.6

EQUITY Capital Stock 11,471,000.0 57,762.6 1,000,000.0 Paid in Capital in Excess of Par Value 106,261.0 5,162.8 - Restricted/Reserve Capital/Equity 4,123,595.0 - - Appraisal Capital 57,528.0 57,528.0 - Retained Earnings 11,967,024.0 176,098.8 290,641.7

27,725,408.0 296,552.2 1,290,641.7

324,126,037.0 343,373.6 3,275,724.6



TOTAL ASSETS


TOTAL LIABILITIES

TOTAL EQUITY

49

LBCDFI LIBI LBPLC

Current Assets 3,520.4 154,614.0 1,058,028.0 Cash on Hand 10.0 1,915.2 -

Petty Cash Fund 10.0 22.0 - Other Cash Accounts - 1,893.2 -

Cash in Bank 732.1 22,220.3 50,761.0 Cash in Bank - Local Currency, Current Account 732.1 22,220.3 50,761.0

Short Term Investments - 68,276.9 3,553.0 Other Short Term Investments - 68,276.9 3,553.0

Receivables - net 2,599.1 61,194.6 998,792.0 Accounts Receivable - 39,643.6 1,038,162.0 Due from Officers and Employees 0.3 - - Interest Receivable 27.5 8,189.8 3,016.0 Other Receivables 2,571.4 13,361.1 23,500.0 Allowance for Doubtful Accounts - - (65,886.0)

Inventories - net - 200.2 101.0 Office Supplies Inventory - 200.2 101.0

Prepayments and Deferred Charges 179.2 806.9 1,572.0 Prepaid Rent 150.0 - - Deferred Charges - - 329.0 Other Prepaid Expenses 29.2 806.9 1,243.0

Other Current Assets - - 3,249.0 Other Current Assets - - 3,249.0

Investments - net 69,734.9 381,953.9 743.0 Investment in Treasury Bills/Bonds/Notes - 92,123.6 - Investment in Stocks - 29.3 -

Investments in Bonds 69,734.9 289,801.0 743.0

Property, Plant and Equipment - net 3,541.1 36,727.1 169,075.0 Building - 36,601.4 41,558.0

Office Buildings - 36,601.4 41,558.0


Office Equipment, Furniture and Fixtures 1,343.5 7,989.5 11,686.0 Office Equipment 562.4 5,813.3 - Furniture and Fixtures 598.3 2,176.1 11,686.0 Library Books 182.8 - -

Transportation Equipment - 1,529.6 - Motor Vehicles - 1,529.6 -

Other Property, Plant and Equipment - - 127,902.0 Other Property, Plant and Equipment - - 127,902.0

Accumulated Depreciation (278.8) (9,393.3) (12,071.0)

Other Assets - - 22,158.0 Other Assets - - 22,158.0

76,796.4 573,295.0 1,250,004.0



ACCOUNT TITLE

TOTAL ASSETS

ASSETS

50

LBCDFI LIBI LBPLC



ACCOUNT TITLE

Current Liabilities 843.0 80,011.0 455,666.0 Accounts Payable - 13,066.5 - Notes Payable - - 279,287.0 Interest Payable - - 1,683.0 Accrued Expenses Payable 490.2 7,818.3 8,889.0 Income Tax Payable - 1,993.4 8,776.0 Due to BIR 47.3 756.6 - Due to Other GOCCs 31.8 - - Guaranty Deposits Payable - - 117,583.0 Other Payables 273.8 56,376.2 39,448.0

Long-Term Liabilities - 25,031.3 79,270.0 Loans Payable - Domestic - - 79,270.0 Other Long-Term Liabilities - 25,031.3 -

843.0 105,042.2 534,936.0

Deferred Credits - - 81,900.0 Other Deferred Credits - - 81,900.0

EQUITY Capital Stock - 200,000.0 404,032.0 Retained Earnings 75,953.4 268,252.7 229,136.0

75,953.4 468,252.7 633,168.0

76,796.4 573,295.0 1,250,004.0




TOTAL LIABILITIES

TOTAL EQUITY

51

MSI DBP IGLF

Current Assets 64,424.5 146,017,524.0 2,778,781.9 Cash on Hand 274.5 694,136.0 -

Petty Cash Fund 20.0 - - Other Cash Accounts 254.5 694,136.0 -

Cash in Bank 10,050.0 - 35,049.6 Cash in Bank - Local Currency, Current Account 10,050.0 - - Cash in Bank - Local Currency, Savings Account - - 35,049.6

Short Term Investments 8,210.7 3,686,242.0 2,468,665.1 Marketable Securites 8,210.7 3,686,242.0 - Other Short Term Investments - - 2,468,665.1

Receivables - net 27,583.0 140,770,147.0 275,067.2 Accounts Receivable 43,345.4 3,871,472.0 - Notes Receivable 3,235.4 - - Loans Receivables - Others - 104,198,876.0 260,827.6 Interest Receivable 427.4 53,063.0 71,663.7 Due from NGAs - 21,278,309.0 - Due from GOCCs - 3,266,702.0 - Other Receivables 4,310.6 8,101,725.0 338.7 Allowance for Doubtful Accounts (23,735.7) - (57,762.8)

Inventories - net 16,665.9 - - Merchandise Inventory 16,098.8 - - Other Supplies Inventory 567.1 - -

Prepayments and Deferred Charges 1,387.8 866,999.0 - Prepaid Rent 76.7 - - Prepaid Insurance 50.0 - - Deferred Charges - 387,809.0 - Other Prepaid Expenses 1,261.1 479,190.0 -

Other Current Assets 252.6 - - Guaranty Deposits 252.6 - -

Investments - net 3,057.2 56,632,469.0 3,516,178.0 Investment in Treasury Bills/Bonds/Notes 3,000.0 - -

Investments in Bonds 267.3 - - Other Investments and Markatable Securities - 34,025,898.0 - Investments in Joint Ventures/Subsidiaries/Ous - 179,159.0 - Receivables - Long Term - - 3,516,178.0 Other Long term Investments - 22,640,526.0 - Allowance for Decline in Value of Investments (210.1) (213,114.0) -

Property, Plant and Equipment - net 19,253.1 964,111.0 253.1 Land and Land Improvements - 321,050.0 -

Land - 321,050.0 -

Building - 567,194.0 - Office Buildings - 567,194.0 -


ACCOUNT TITLE

ASSETS



52

MSI DBP IGLFACCOUNT TITLE



Office Equipment, Furniture and Fixtures 1,589.3 1,106,293.0 1,840.5 Office Equipment 608.3 - 1,840.5 Furniture and Fixtures 981.0 - - Other Equipment, Furniture and Fixtures - 1,106,293.0 -

Transportation Equipment 2,681.8 350,364.0 - Other Transportation Equipment 2,681.8 350,364.0 -

Other Property, Plant and Equipment 17,606.9 - - Other Property, Plant and Equipment 17,606.9 - -

Accumulated Depreciation (5,284.2) (1,380,790.0) (1,587.4)

Intangible Assets - 98,780.0 - Other Intangible Assets - 98,780.0 -

Other Assets - 6,690,130.0 14,068.4 Other Assets - 6,690,130.0 14,068.4

86,734.8 210,403,014.0 6,309,281.5

Current Liabilities 20,740.9 95,844,911.0 196,056.0 Accounts Payable 17,638.9 1,196,128.0 14,583.7 Deposit Liabilities - 50,752,054.0 - Loans Payable - 38,898,052.0 155,664.2 Accrued Expenses Payable - 3,400,305.0 9,507.8 Income Tax Payable - - 16,286.2 Due to National Treasury - 224,236.0 - Due to BIR 887.7 170,319.0 14.1 Due to Other GOCCs 1,241.9 70,000.0 - Letter of Credits - 97,806.0 - Other Payables 972.3 1,036,011.0 -

Long-Term Liabilities - 91,159,752.0 1,080,175.3 Loans Payable – Foreign - 91,072,136.0 1,080,175.3 Other Long-Term Liabilities - 87,616.0 -

20,740.9 187,004,663.0 1,276,231.2

Deferred Credits 1,692.5 485,302.0 - Other Deferred Credits 1,692.5 485,302.0 -

EQUITY Government Equity - - 803,304.0 Capital Stock 100,000.0 12,500,000.0 - Restricted/Reserve Capital/Equity - 267,021.0 4,025,782.9 Retained Earnings (35,698.6) 10,146,028.0 203,963.3

64,301.4 22,913,049.0 5,033,050.2

86,734.8 210,403,014.0 6,309,281.5



TOTAL ASSETS


TOTAL LIABILITIES

TOTAL EQUITY

53

DDCI DMC AIIB

Current Assets 43,491.9 47,434.6 41,015.9 Cash on Hand 2,477.0 - 8,565.6

Petty Cash Fund 30.0 - 7.8 Other Cash Accounts 2,447.0 - 8,557.8

Cash in Bank - 8,001.3 16,808.5 Cash in Bank - Local Currency, Current Account - 7,666.3 16,808.5 Cash in Bank - Local Currency, Savings Account - 335.0 -

Short Term Investments 3,727.5 37,624.7 - Marketable Securites - 25,000.0 - Other Short Term Investments 3,727.5 12,624.7 -

Receivables - net 34,526.5 1,808.5 5,496.6 Accounts Receivable 33,001.5 1,815.1 6,149.1 Notes Receivable - - 728.1 Interest Receivable - 161.8 - Due from NGAs - 197.6 - Due from GOCCs - - 0.3 Other Receivables 1,584.9 - 1,357.9 Allowance for Doubtful Accounts (60.0) (366.0) (2,738.8)

Inventories - net - - 3,064.1 Office Supplies Inventory - - 3,064.1

Prepayments and Deferred Charges 720.1 - 253.6 Other Prepaid Expenses 720.1 - 253.6

Other Current Assets 2,040.8 - 6,827.6 Guaranty Deposits 2,040.8 - - Other Current Assets - - 6,827.6

Investments - net - 16,055.0 23,807.8 Investments in Bonds - - 10,000.0 Other Investments and Markatable Securities - - 11,067.4 Investments in Joint Ventures/Subsidiaries/Ous - 16,000.0 - Interest Bearing Loans/Advances - - 6,991.0 Other Long term Investments - 378.0 1,211.9 Allowance for Decline in Value of Investments - (323.0) - Allowance for Doubtful Accounts-Long Term Receivables - - (5,462.5)

Property, Plant and Equipment - net 21,967.7 - 33,505.9 Land and Land Improvements - - 911.9

Land - - 911.9

Leasehold Improvements 4,945.6 - 266.2 Other Leasehold Improvements 4,945.6 - 266.2

Office Equipment, Furniture and Fixtures 26,570.9 - 857.8 Office Equipment 1,115.2 - - Furniture and Fixtures 4,141.7 - - IT Equipment and Software 21,314.0 - - Other Equipment, Furniture and Fixtures - - 857.8



ACCOUNT TITLE

ASSETS

54

DDCI DMC AIIB



ACCOUNT TITLE

Transportation Equipment 670.0 - - Motor Vehicles 670.0 - - Other Transportation Equipment - - -

Other Property, Plant and Equipment - - 43,473.7 Other Property, Plant and Equipment - - 43,473.7

Accumulated Depreciation (10,218.9) - (12,003.8)

Other Assets 783.6 4,539.2 - Items in Transit 783.6 - - Other Assets - 4,539.2 -

66,243.2 68,028.8 98,329.6

Current Liabilities 18,305.1 45.0 544,313.4 Accounts Payable - - 1,794.2 Deposit Liabilities - - 504,798.2 Loans Payable 1,710.6 - - Accrued Expenses Payable 1,647.2 - 6,091.0 Income Tax Payable - - 4,277.3 Due to Officers and Employees - 20.0 - Due to National Treasury - - 8.4 Due to BIR - - 508.2 Due to Other NGAs - 25.0 - Due to Other GOCCs - - 150.4 Due to Central Office/Home Office - - 2,084.2 Other Payables 14,947.3 - 24,601.5

Long-Term Liabilities 11,129.0 - - Loans Payable - Domestic 2,597.6 - - Other Long-Term Liabilities 8,531.3 - -

29,434.1 45.0 544,313.4

Deferred Credits - - 9,137.7 Other Deferred Credits - - 9,137.7

EQUITY Capital Stock 3,750.0 45,000.0 50,238.3 Restricted/Reserve Capital/Equity 29,551.7 20,000.0 2,493.4 Retained Earnings 3,507.4 2,983.8 (507,853.1)

36,809.1 67,983.8 (455,121.5)

66,243.2 68,028.8 98,329.6



TOTAL ASSETS


TOTAL LIABILITIES

TOTAL EQUITY

55

Income 104,421,584.6 57,406,579.0 Service Income 307,166.9 -

Processing Fees 1,179.7 - Other Service Income 305,987.2 -

Business Income 76,947,392.0 43,153,827.0 Rent Income 92,902.2 74,601.0 Sales Revenue 233,740.1 - Other Business Income 76,505,539.6 42,964,016.0 Fines and Penalties - Business Income 115,210.0 115,210.0

Other Income 5,655,574.5 2,272,072.0 Dividend Income 49,019.1 - Interest Income 559,261.4 - Income from Grants and Donations 3,228.1 - Miscellaneous Income 5,044,057.0 2,272,072.0 Other Fines and Penalties 9.0 -

Gain/Premiums 21,511,451.2 11,980,680.0 Gain/Loss on Foreign Exchange (FOREX) 18,831,283.0 11,847,817.0 Gain/Loss on Sale of Disposed Assets 136,615.2 132,863.0 Gain/Loss on Sale of Securities 2,543,553.0 -

Expenses 94,016,040.3 48,266,750.0 Personal Services 14,428,793.0 6,151,206.0

Salaries and Wages 11,712,904.1 3,493,368.0 Other Compensation 14,509.1 - Personnel Benefit Contributions 243,980.6 239,176.0 Other Personnel Benefits 2,457,399.2 2,418,662.0

Maintenance and Other Operating Expenses 26,845,680.1 6,850,059.0 Cost of Good Sold 71,210.9 - Travelling Expenses 248,021.9 235,938.0 Training and Scholarship Expenses 177,511.5 171,017.0 Supplies Expenses 177,258.3 62,517.0 Utility Expenses 236,453.4 227,735.0 Communication Expenses 126,013.9 120,336.0 Membership Dues and Contributions to Organizations 66,443.6 65,579.0 Advertising, Promotional and Marketing Expenses 1,138.9 - Printing and Binding Expenses 91.6 - Rent Expenses 45,801.2 27,972.0 Representation Expenses 11,347.0 - Transportation and Delivery Expenses 3.5 - Subscription Expenses 165.2 - Professional Services 147,695.7 101,072.0 Repairs and Maintenance 165,508.6 162,776.0 Subsidies and Donations 2,061.0 - Confidential, Intelligence, Extraordinary and Miscelllaneous 4,484,612.8 1,013,161.0 Taxes, Insurance, Premiums and Other Fees 2,901,700.2 1,423,169.0 Bad Debts Expenses 2,788,719.2 977,131.0 Depreciation 1,759,298.5 437,836.0 Other Maintenance and Operating Expenses 3,894,334.3 1,823,820.0 Losses 9,540,289.0 -

TOTAL BSPACCOUNT TITLE

Financial A ClusterDetailed Statement of Income and Expenses

For the Year Ended December 31, 2005(in thousand pesos)

56

TOTAL BSPACCOUNT TITLE



Financial Expenses 52,741,567.2 35,265,485.0 Bank Charges 59.8 - Commitment Fees 3,975.0 - Documentary Stamp Expenses 3,214.5 - Interest Expenses 17,461,573.8 - Other Financial Charges 35,272,744.1 35,265,485.0

- - Net Income Before Subsidy 10,405,544.3 9,139,829.0 Add: Subsidy from Government Owned and/or Controlled Corporations 2,500.0 -

Net Income Before Tax 10,408,044.3 9,139,829.0 Less Provision for (Benefit from) Income Tax 1,351,344.1 1,105,383.0

NET INCOME AFTER TAX 9,056,700.2 8,034,446.0


57

Income 2,124.0 29,285,020.0 167,254.4 Business Income - 19,619,658.0 152,789.2

Rent Income - - 17,701.2 Sales Revenue - - 174.5 Other Business Income - 19,619,658.0 134,913.4

Other Income 2,124.0 1,988,675.0 14,465.3 Dividend Income - 39,880.0 - Interest Income 2,124.0 - 14,465.3 Miscellaneous Income - 1,948,795.0 -

Gain/Premiums - 7,676,687.0 - Gain/Loss on Foreign Exchange (FOREX) - 6,983,466.0 - Gain/Loss on Sale of Securities - 693,221.0 -

Expenses 5,776,879.0 25,954,384.0 125,937.3 Personal Services 1,104.0 5,144,230.0 5,786.4

Salaries and Wages 1,081.0 5,144,230.0 3,306.3 Other Compensation - - 2,243.0 Personnel Benefit Contributions - - 237.1 Other Personnel Benefits 23.0 - -

Maintenance and Other Operating Expenses 3,366,482.0 13,177,508.0 120,149.7 Travelling Expenses 7.0 - 71.3 Training and Scholarship Expenses - - 41.2 Supplies Expenses 13.0 - 475.8 Utility Expenses - - 88.0 Communication Expenses - - 429.4 Advertising, Promotional and Marketing Expenses - - 4.3 Printing and Binding Expenses - - 10.4 Rent Expenses - - 540.6 Representation Expenses - - 188.0 Subscription Expenses - - 5.3 Professional Services 242.0 - 609.3 Repairs and Maintenance - - 257.2 Subsidies and Donations - - 3.0 Confidential, Intelligence, Extraordinary and Miscelllaneous - 3,459,936.0 1,873.6 Taxes, Insurance, Premiums and Other Fees 421.0 943,127.0 4,173.6 Bad Debts Expenses - 1,006,784.0 246.3 Depreciation 1.0 1,298,951.0 1,828.2 Other Maintenance and Operating Expenses 715.0 405,429.0 109,304.3 Losses 3,365,083.0 6,063,281.0 -

Financial Expenses 2,409,293.0 7,632,646.0 1.2 Commitment Fees 3,975.0 - - Interest Expenses 2,405,318.0 7,632,646.0 1.2

Net Income(Loss) Before Subsidy (5,774,755.0) 3,330,636.0 41,317.1 Add: Subsidy from Government Owned and/or Controlled Corporations 2,500.0 - -

Net Income(Loss) Before Tax (5,772,255.0) 3,330,636.0 41,317.1 Less Provision for (Benefit from) Income Tax - 152,009.0 11,384.7

NET INCOME(LOSS) AFTER TAX (5,772,255.0) 3,178,627.0 29,932.5


CB - BOL LBP LB-RDCACCOUNT TITLE



58

Income 12,144.4 117,538.2 184,145.0 125,989.9 Service Income - - 25.0 -

Other Service Income - - 25.0 -

Business Income - 78,740.9 - 123,337.4 Rent Income - 600.0 - - Sales Revenue - - - 123,337.4 Other Business Income - 78,140.9 - -

Other Income 12,144.4 38,788.7 182,041.0 2,652.6 Dividend Income - 1.1 - - Interest Income 6,490.2 38,341.6 177,778.0 - Income from Grants and Donations 3,228.1 - - - Miscellaneous Income 2,426.1 446.0 4,263.0 2,652.6

Gain/Premiums - 8.6 2,079.0 - Gain/Loss on Sale of Disposed Assets - 8.6 2,079.0 -

Expenses 8,423.4 31,588.2 100,213.0 122,591.6 Personal Services 2,845.3 16,226.1 16,992.0 7,722.8

Salaries and Wages 1,303.3 7,157.0 8,029.0 3,172.1 Other Compensation 1,436.9 895.7 6,893.0 1,346.0 Personnel Benefit Contributions 105.0 452.2 498.0 242.5 Other Personnel Benefits - 7,721.2 1,572.0 2,962.3

Maintenance and Other Operating Expenses 5,527.6 13,396.7 60,331.0 114,862.7 Travelling Expenses 78.9 303.0 351.0 189.7 Training and Scholarship Expenses 2,366.7 40.5 548.0 - Supplies Expenses 310.9 461.9 1,005.0 108,415.5 Utility Expenses 387.3 1,482.6 1,772.0 1,372.9 Communication Expenses 157.6 941.3 585.0 336.7 Membership Dues and Contributions to Organizations 32.0 - 463.0 - Advertising, Promotional and Marketing Expenses 3.4 36.4 262.0 - Printing and Binding Expenses - - - 81.3 Rent Expenses 600.0 170.0 - 920.3 Representation Expenses 171.2 1,137.3 1,142.0 527.8 Transportation and Delivery Expenses - - - 3.5 Subscription Expenses 8.0 16.1 13.0 - Professional Services 87.1 1,148.6 26,579.0 822.4 Repairs and Maintenance 76.7 223.9 751.0 192.6 Subsidies and Donations - 2,000.0 30.0 - Confidential, Intelligence, Extraordinary and Miscelllaneous 80.6 665.5 2,346.0 819.2 Taxes, Insurance, Premiums and Other Fees 32.1 805.4 11,754.0 511.8 Depreciation 162.9 2,274.0 12,453.0 365.9 Other Maintenance and Operating Expenses 972.3 1,690.3 277.0 303.1

Financial Expenses 50.5 1,965.4 22,890.0 6.1 Documentary Stamp Expenses - - 1,416.0 - Interest Expenses - 1,965.4 21,474.0 6.1 Other Financial Charges 50.5 - - -

Net Income Before Tax 3,721.0 85,950.0 83,932.0 3,398.3 Less Provision for (Benefit from) Income Tax - 15,337.4 25,018.0 823.3

NET INCOME AFTER TAX 3,721.0 70,612.6 58,914.0 2,575.0 Difference between totals and sum of components is due to rounding off

MSI



ACCOUNT TITLE LBP-CDFI LBP-IBI LBP-LC

59

Income 354,109.8 16,328,171.0 110,455.2 Service Income 33,055.2 272,907.0 -

Other Service Income 33,055.2 272,907.0 -

Business Income 334.5 13,388,586.0 110,228.3 Sales Revenue - - 110,228.3 Other Business Income 334.5 13,388,586.0 -

Other Income 320,720.1 816,346.0 226.9 Dividend Income - 9,138.0 - Interest Income 318,894.6 - 226.9 Miscellaneous Income 1,825.5 807,208.0 -

Gain/Premiums - 1,850,332.0 - Gain/Loss on Sale of Securities - 1,850,332.0 -

Expenses 249,877.7 13,155,864.0 105,181.3 Personal Services 46,408.2 3,000,067.0 12,882.3

Salaries and Wages 23,977.9 3,000,067.0 12,882.3 Personnel Benefit Contributions 1,311.1 - - Other Personnel Benefits 21,119.2 - -

Maintenance and Other Operating Expenses 117,635.3 2,883,166.0 92,299.0 Cost of Good Sold - - 71,210.9 Travelling Expenses 7,616.3 - 2,932.5 Training and Scholarship Expenses 3,498.0 - - Supplies Expenses 2,376.2 - 1,070.1 Utility Expenses 2,764.5 - - Communication Expenses 2,505.0 - - Membership Dues and Contributions to Organizations 19.9 - - Advertising, Promotional and Marketing Expenses 796.5 - - Rent Expenses 3,431.0 - 5,427.2 Representation Expenses 7,276.8 - 554.0 Subscription Expenses 71.5 - - Professional Services 3,779.9 - 5,319.6 Repairs and Maintenance 781.3 - 273.4 Subsidies and Donations 22.0 - - Confidential, Intelligence, Extraordinary and Miscelllaneous 1,808.3 - 2,553.5 Taxes, Insurance, Premiums and Other Fees 14,781.2 483,895.0 - Bad Debts Expenses 63,021.0 741,497.0 - Depreciation 2,181.6 - 2,957.9 Other Maintenance and Operating Expenses 904.3 1,545,849.0 - Losses - 111,925.0 -

Financial Expenses 85,834.3 7,272,631.0 - Bank Charges 59.8 - - Documentary Stamp Expenses 1,792.4 - - Interest Expenses 83,982.1 7,272,631.0 -

Net Income Before Tax 104,232.1 3,172,307.0 5,273.9 Less Provision for (Benefit from) Income Tax 27,822.1 (44,238.0) 1,766.4

NET INCOME AFTER TAX 76,410.0 3,216,545.0 3,507.4




PCFC DBP DBP -DCIACCOUNT TITLE

60

Income 3,955.9 315,810.7 8,287.0 Service Income - 1,179.7 -

Processing Fees - 1,179.7 -

Business Income 3,015.1 314,098.0 2,777.7 Other Business Income 3,015.1 314,098.0 2,777.7

Other Income 940.8 147.8 4,230.0 Interest Income 940.8 - - Miscellaneous Income - 138.8 4,230.0 Other Fines and Penalties - 9.0 -

Gain/Premiums - 385.3 1,279.3 Gain/Loss on Sale of Disposed Assets - 385.3 1,279.3

Expenses 2,910.4 55,843.2 59,597.1 Personal Services - - 23,322.9

Salaries and Wages - - 14,330.2 Other Compensation - - 1,694.5 Personnel Benefit Contributions - - 1,958.8 Other Personnel Benefits - - 5,339.5

Maintenance and Other Operating Expenses 2,910.4 22,468.6 18,884.0 Travelling Expenses - 90.9 443.2 Supplies Expenses 7.7 - 605.2 Utility Expenses - - 850.9 Communication Expenses - - 723.0 Membership Dues and Contributions to Organizations - - 349.7 Advertising, Promotional and Marketing Expenses - 5.0 31.3 Rent Expenses - - 6,740.2 Representation Expenses - 350.0 - Subscription Expenses - - 51.3 Professional Services 1,193.8 2,666.7 4,175.3 Repairs and Maintenance - - 176.6 Subsidies and Donations 6.0 - - Confidential, Intelligence, Extraordinary and Miscelllaneous 12.2 172.1 1,184.9 Taxes, Insurance, Premiums and Other Fees 1,080.8 16,281.4 1,667.9 Bad Debts Expenses - 39.9 - Depreciation - 161.4 125.6 Other Maintenance and Operating Expenses 609.9 2,701.1 1,758.9

Financial Expenses - 33,374.6 17,390.1 Documentary Stamp Expenses - - 6.2 Interest Expenses - 26,166.0 17,384.0 Other Financial Charges - 7,208.6 -

Net Income(Loss) Before Tax 1,045.5 259,967.5 (51,310.1) Less Provision for (Benefit from) Income Tax 34.0 56,004.2 -

NET INCOME(LOSS) AFTER TAX 1,011.5 203,963.3 (51,310.1)




DBP - MC IGLF AAIIBPACCOUNT TITLE

61

Government Equity Balance at beginning of the year 10,803,304.0 10,000,000.0 - Additions/Deductions - - - Balance at end of the year 10,803,304.0 10,000,000.0 -

Capital Stock Balance at beginning of the year 25,103,100.3 - - Deposit for Future Subscription - - - Additions/Deductions 728,682.5 - - Balance at end of the year 25,831,782.8 - -

Paid-in Capital Stock in Excess of Par Value Balance at beginning of the year 111,423.8 - - Additions/Deductions - - - Balance at end of the year 111,423.8 - -

Appraisal Capital Balance at beginning of the year 115,056.0 - - Additions/Deductions - - - Balance at end of the year 115,056.0 - -

Restricted Capital Restricted Capital Equity/Capital Reserves 210,298,310.0 201,829,866.0 - Additions/Deductions - - - Balance at end of the year 210,298,310.0 201,829,866.0 -

Retained Earnings Balance at beginning of the year (336,663,665.7) 37,124,623.0 (390,483,785.0) Transfers to Reserve (7,733,528.1) (7,237,359.0) - Prior Years’ Adjustments 1,673,565.0 - - Net Income/Loss for the year 9,056,700.2 8,034,446.0 (5,772,255.0) Dividends (4,490,513.0) (1,611,720.0) - Unrealized Loss on Marketable Securities (2,398.2) - - Unrealized Gain on Marketable Securities 1,033,827.1 - - Balance at end of the year (337,126,012.5) 36,309,990.0 (396,256,040.0)

Total Equity (89,966,135.9) 248,139,856.0 (396,256,040.0)


Financial A ClusterDetailed Statement of Changes in EquityFor the Year Ended December 31, 2005

(in thousand pesos)

Particulars Total BSP CB-BOL

62

Capital Stock Balance at beginning of the year 10,871,000.0 57,762.6 - 132,000.0 Deposit for Future Subscription - - - - Additions/Deductions 600,000.0 - - 68,000.0 Balance at end of the year 11,471,000.0 57,762.6 - 200,000.0

Paid-in Capital Stock in Excess of Par Value Balance at beginning of the year 106,261.0 5,162.8 - - Additions/Deductions - - - - Balance at end of the year 106,261.0 5,162.8 - -

Appraisal Capital Balance at beginning of the year 57,528.0 57,528.0 - - Additions/Deductions - - - - Balance at end of the year 57,528.0 57,528.0 - -

Restricted Capital Restricted Capital Equity/Capital Reserves 4,123,595.0 - - - Additions/Deductions - - - - Balance at end of the year 4,123,595.0 - - -

Retained Earnings Balance at beginning of the year 8,724,164.0 140,952.7 72,250.9 265,115.4 Transfers to Reserve - - - - Prior Years’ Adjustments 1,714,233.0 5,213.6 (18.6) 524.8 Net Income/Loss for the year 3,178,627.0 29,932.5 3,721.0 70,612.6 Dividends (1,650,000.0) - - (68,000.0) Unrealized Loss on Marketable Securities - - - - Unrealized Gain on Marketable Securities - - - - Balance at end of the year 11,967,024.0 176,098.8 75,953.4 268,252.7

Total Equity 27,725,408.0 296,552.2 75,953.4 468,252.7


LBP-IBI


(in thousand pesos)

Particulars LBP LBP-RDC LBP-CDFI

63

Capital Stock Balance at beginning of the year 378,350.0 100,000.0 1,000,000.0 12,500,000.0 Deposit for Future Subscription - - - - Additions/Deductions 25,682.0 - - - Balance at end of the year 404,032.0 100,000.0 1,000,000.0 12,500,000.0

Restricted Capital Restricted Capital Equity/Capital Reserves - - - 267,021.0 Additions/Deductions - - - - Balance at end of the year - - - 267,021.0

Retained Earnings Balance at beginning of the year 195,712.0 (36,396.2) 214,374.1 7,344,140.0 Transfers to Reserve - - - (267,021.0) Prior Years’ Adjustments 2,252.0 (1,877.4) (142.5) (46,337.0) Net Income/Loss for the year 58,914.0 2,575.0 76,410.0 3,216,545.0 Dividends (25,683.0) - - (1,135,110.0) Unrealized Loss on Marketable Securities (2,059.0) - - - Unrealized Gain on Marketable Securities - - - 1,033,811.0 Balance at end of the year 229,136.0 (35,698.6) 290,641.7 10,146,028.0

Total Equity 633,168.0 64,301.4 1,290,641.7 22,913,049.0


DBP


(in thousand pesos)

Particulars LBP-LC MSI PCFC

64

Government Equity Balance at beginning of the year - - 803,304.0 - Additions/Deductions - - - - Balance at end of the year - - 803,304.0 -

Capital Stock Balance at beginning of the year 3,750.0 10,000.0 - 50,237.8 Additions/Deductions - 35,000.0 - 0.5 Balance at end of the year 3,750.0 45,000.0 - 50,238.3

Restricted Capital Restricted Capital Equity/Capital Reserves 29,551.7 20,000.0 4,025,782.9 2,493.4 Additions/Deductions - - - - Balance at end of the year 29,551.7 20,000.0 4,025,782.9 2,493.4

Retained Earnings Balance at beginning of the year 8,916.1 2,750.9 220,092.8 (456,576.5) Transfers to Reserve (8,916.1) - (220,232.0) - Prior Years’ Adjustments - (455.6) 139.2 33.5 Net Income/Loss for the year 3,507.4 1,011.5 203,963.3 (51,310.1) Unrealized Loss on Marketable Securities - (339.2) - - Unrealized Gain on Marketable Securities - 16.1 - - Balance at end of the year 3,507.4 2,983.8 203,963.3 (507,853.1)

Total Equity 36,809.1 67,983.8 5,033,050.2 (455,121.5)


AIIBP


(in thousand pesos)

Particulars DBP-DCI DBP-MC IGLF

65

Total BSP CB-BOL


Operating Income 53,191,016.3 38,868,998.0 - Other Income 31,588,794.6 29,755,960.0 - Collection of Receivables 3,078,879.0 - - Repayment from Loans 5,609.0 - 5,609.0 Income from Investments 6,774,297.3 - 2,124.0 Receipt of Savings/Time Deposits from Clients 42,212,407.5 - - Other Receipts 26,015,523.3 - 383.0 Receipt of subsidy, financial assistance, grants & donations 3,228.1 - - Correction of Prior Years' Income (addition) 567.3 - 9.0 Decrease/(Increase) in other resources 12,028.2 - - Increase in Other Liabilities 139,114,341.6 - - Provision for Probable Losses on Assets Acquired 5,636,371.0 - - Increase in Deferred Credits 233,192.0 - -


Cash Outflows:

40,568,342.0 33,048,353.0 - Payment of Accounts Payable 7,875,586.6 2,245,650.0 - General & Administrative Expenses 13,748,462.2 9,092,460.0 2,000.0 Financial expenses 525,352.5 - - Loan Releases 143,194,614.3 - - Payment of Other Expenses 945,035.4 866,520.0 2.0 Payment of Taxes and Licenses 2,776,979.1 1,453,061.0 - Increase in Other Assets 2,060.5 - - Remittances to Various Entities 28.0 - 28.0 Trust Liabilities and Deferred Credits 27,462.7 - - Changes inOperating Assets and Liabilities 2,600,206.6 - - Payment of Prior Year's Expenditures 752.5 - 610.0 Prepayments 390.6 - - Payment of Refund 2,085.0 - 2,085.0 Investment in Stocks/Bonds/Securities 17,079,644.0 - -

Total Cash Outflows 229,347,002.1 46,706,044.0 4,725.0 Cash Provided by (Used in) Operating Activities 78,519,253.0 21,918,914.0 3,400.0


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 102,384,235.4 - - 18,223,294.0 18,223,294.0 - 75,170,716.0 75,170,716.0 - 16,209,302.0 16,209,302.0 -

Proceeds from Investments/Sinking Fund/Long-term 52,237.9 - - Proceeds from Sale of Fixed/Acquired Assets 633,726.9 - - Other Income 8,060.1 - - Other Assets/Deferred Charges 510.6 - -

Total Cash Inflows 212,682,083.0 109,603,312.0 -

Cash Outflows:

Acquisition of Property, Plant and Equipment 1,417,344.1 705,798.0 - 3,855.4 - - 1,254.5 - - Acquisition of Intangible Assets

Particulars

Acquisition of Assets held for Sale

Bank Operating Expenses

Decrease in other local/foreign currency assetsNet increase in other local cureency liabilitiesProceeds from gold sales

Financial A ClusterDetailed Statement of Cash Flows, By GOCCs


66

Total BSP CB-BOLParticulars



Investment in Retail Treasury Bonds/Marketable Securities/Stocks 138,029,139.8 29,934,764.0 - Placement for Special Fund/Bonds/Deposits 33,939.3 - - Loan/Advances Releases 621,538.1 - - Other Payments 3,752.9 - - Payment of Long Term Liabilities 146,103.7 - - Remittance of Tax Withheld 156.0 - 156.0 Additions to Acquired Assets/Proceeds from Sale of Acquired Assets (net) 69.9 - - Net Decrease in Other Local and Foreign Currency Financial Assets

and Liabilities (BSP) 1,740,921.0 1,740,921.0 - Total Cash Outflows 141,998,074.6 32,381,483.0 156.0

Cash Provided by (Used in) Investing Activities 70,684,008.4 77,221,829.0 (156.0)

Cash Flows From Financing ActivitiesCash Inflows: 191,611,699.8 190,670,350.0 2,500.0

Proceeds from Borrowings 357,844.3 - - Net Issue of Circulating Currency 190,447,261.0 190,447,261.0 - Equity Received 35,000.5 - - Grants and Government Subsidies 2,500.0 - 2,500.0 Net decrease in special drawing rights 6,138.0 6,138.0 - Bills Payable 546,005.0 - - Cash Recoveries from Items Written-Off 216,951.0 216,951.0 -


Cash Outflows: 230,777,764.0 6,959.0 Payment of Loans/Bonds Payable/Capital Stock Redeemed 62,332,225.0 52,810,724.0 - Dividends Paid 2,746,830.0 1,611,720.0 -

176,355,320.0 176,355,320.0 - Payment to National Government 6,959.0 - 6,959.0 Payment of Long Term Liabilities 11,678,781.3 - - Interest Expense 26,495.7 - - Other Expenses/Payables 142.6 - - Adjustments - - -

Total Cash Outflows 253,146,753.5 230,777,764.0 6,959.0 Cash Provided by (Used in) Financing Activities (61,535,053.7) (40,107,414.0) (4,459.0)

Effects of Exchange Rate Changes on Cash and Cash Equivalents (45,742,776.0) (45,742,776.0) -

Increase (Decrease) in Cash and Cash Equivalents 41,925,431.7 13,290,553.0 (1,215.0)

Add: Cash and Cash Equivalents, January 1, 2005 (as restated) 487,021,837.7 453,685,790.0 35,179.0

Cash and Cash Equivalents, Ending December 31, 2005 528,947,269.4 466,976,343.0 33,964.0


Withdrawal of circulating currency

67

LBP LBRDC PCFC LBCDFI


Operating Income - 107,392.9 351,208.5 1,865.8 - 27,044.2 2,901.3 560.3

Receipt of Savings/Time Deposits from Clients 27,824,621.0 - - - Other Receipts 1,096,175.0 - - 151.7 Receipt of subsidy, financial assistance, grants & donations - - - 3,228.1

- - 11,951.8 - Increase in Other Liabilities 138,932,149.0 - - 543.4 Provision for Probable Losses on Assets Acquired 5,636,371.0 - - -

Total Cash Inflows 173,489,316.0 134,437.1 366,061.6 6,349.3

Cash Outflows:200,220.0 - - -

Payment of Accounts Payable 5,330,218.0 122,795.5 9,551.9 - General & Administrative Expenses - - 99,788.6 8,094.1 Financial expenses 400,805.0 - 83,982.1 - Loan Releases 132,970,449.0 - 281,763.3 - Payment of Other Expenses - - 713.8 - Payment of Taxes and Licenses 157,093.0 - 27,822.1 - Increase in Other Assets - - - 1,822.9 Trust Liabilities and Deferred Credits - - 26,199.2 - Payment of Prior Year's Expenditures - - 142.5 - Prepayments - - - 89.2 Investment in Stocks/Bonds/Securities 17,079,644.0 - - -

Total Cash Outflows 156,138,429.0 122,795.5 529,963.7 10,006.2 Cash Provided by (Used in) Operating Activities 17,350,887.0 11,641.6 (163,902.0) (3,656.9)


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 100,179,836.0 - - - Proceeds from Investments/Sinking Fund/Long-term - - - 31,970.9 Proceeds from Sale of Fixed/Acquired Assets 596,992.0 - - - Other Income - - - 8,060.1

Total Cash Inflows 100,776,828.0 - - 40,031.0

Cash Outflows:Acquisition of Property, Plant and Equipment 557,436.0 471.3 6,395.4 149.7

- - 2,168.0 - - 1,254.5 - -

Investment in Retail Treasury Bonds/Marketable Securities/Stocks 107,969,495.0 10,114.7 - - Placement for Special Fund/Bonds/Deposits - - - 33,939.3 Other Payments - - - 1,588.5

Total Cash Outflows 108,526,931.0 11,840.5 8,563.4 35,677.5 Cash Provided by (Used in) Investing Activities (7,750,103.0) (11,840.5) (8,563.4) 4,353.5

Acquisition of Intangible Assets




Particulars

Other Income

Decrease/(Increase) in other resources


68

LBP LBRDC PCFC LBCDFI



Particulars

Cash Flows From Financing ActivitiesCash Inflows: 546,005.0 - 321,058.5 -

Proceeds from Borrowings - - 321,058.5 - Bills Payable 546,005.0 - - -

Total Cash Inflows 546,005.0 - 321,058.5 -

Cash Outflows: 9,521,501.0 - 119,171.3 - Payment of Loans/Bonds Payable/Capital Stock Redeemed 9,521,501.0 - - - Payment of Long Term Liabilities - - 119,171.3 -

Total Cash Outflows 9,521,501.0 - 119,171.3 - Cash Provided by (Used in) Financing Activities (8,975,496.0) - 201,887.2 -

Increase (Decrease) in Cash and Cash Equivalents 625,288.0 (198.9) 29,421.8 696.6

Add: Cash and Cash Equivalents, January 1, 2005 (as restated) 22,124,229.0 10,066.6 138,092.1 45.5

Cash and Cash Equivalents, Ending December 31, 2005 22,749,517.0 9,867.6 167,513.9 742.1


69

LIBI LBPLC MSI DBP


Operating Income 75,960.4 177,778.0 141,387.9 13,189,781.0 3,534.5 4,264.0 1,003.6 1,789,302.0

Collection of Receivables - - - 3,078,879.0 Income from Investments 38,043.3 - - 6,734,130.0 Receipt of Savings/Time Deposits from Clients - - - 14,314,256.0 Other Receipts - - - 24,863,966.0 Correction of Prior Years' Income (addition) 524.8 - - -

76.4 - - - Increase in Other Liabilities 25,824.0 - - 135,993.0 Increase in Deferred Credits - - - 233,192.0

Total Cash Inflows 143,963.4 182,042.0 142,391.5 64,339,499.0

Cash Outflows:

- - - 7,319,769.0 Payment of Accounts Payable 6,107.5 - 133,316.0 - General & Administrative Expenses 26,128.0 102,574.0 - 4,262,021.0 Financial expenses - 21,474.0 - - Loan Releases - - - 9,942,402.0 Payment of Other Expenses 3,965.4 68,911.0 3,044.7 - Payment of Taxes and Licenses 3,974.7 12,908.0 1,919.8 1,049,241.0 Changes inOperating Assets and Liabilities 41,104.7 - - 2,550,443.0

Total Cash Outflows 81,280.2 205,867.0 138,280.6 25,123,876.0 Cash Provided by (Used in) Operating Activities 62,683.1 (23,825.0) 4,110.9 39,215,623.0


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 683.9 - - 2,031,423.0 Proceeds from Investments/Sinking Fund/Long-term - 20,267.0 - - Proceeds from Sale of Fixed/Acquired Assets - 275.0 1,285.2 32,701.0 Other Assets/Deferred Charges 510.6 - - -

Total Cash Inflows 1,194.5 20,542.0 1,285.2 2,064,124.0

Cash Outflows:

Acquisition of Property, Plant and Equipment 118.2 87.0 - 126,070.0 1,687.4 - - -

Investment in Retail Treasury Bonds/Marketable Securities/Stocks 114,766.1 - - - Other Payments 2,142.8 - - -

Total Cash Outflows 118,714.5 87.0 - 126,070.0 Cash Provided by (Used in) Investing Activities (117,520.0) 20,455.0 1,285.2 1,938,054.0

Cash Flows From Financing ActivitiesCash Inflows: - 32,335.0 - -

Proceeds from Borrowings - 32,335.0 - - Total Cash Inflows - 32,335.0 - -


Particulars

Other Income

Decrease/(Increase) in other resources




70

LIBI LBPLC MSI DBPParticulars



Cash Outflows:Dividends Paid - - - 1,135,110.0 Payment of Long Term Liabilities - - - 11,559,610.0

Total Cash Outflows - - - 12,694,720.0 Cash Provided by (Used in) Financing Activities - 32,335.0 - (12,694,720.0)

Increase (Decrease) in Cash and Cash Equivalents (54,836.8) 28,965.0 5,396.1 28,458,957.0

Add: Cash and Cash Equivalents, January 1, 2005 (as restated) 145,561.7 21,796.0 4,928.4 7,817,635.0

Cash and Cash Equivalents, Ending December 31, 2005 90,724.9 50,761.0 10,324.5 36,276,592.0


71

IGLF DDCI DMC AIIBP


Operating Income 156,657.0 110,224.9 1,475.0 8,287.0 Other Income 1,622.5 278.5 982.3 1,341.4 Receipt of Savings/Time Deposits from Clients - - - 73,530.5 Other Receipts 37,762.4 - - 17,085.2 Correction of Prior Years' Income (addition) - - - 33.5 Increase in Other Liabilities 13,581.2 5,617.6 - 633.5

Total Cash Inflows 209,623.1 116,120.9 2,457.3 100,911.0

Cash Outflows:

Payment of Accounts Payable - 1,483.8 2,890.4 23,573.4 General & Administrative Expenses 12,911.2 102,223.5 - 40,261.8 Financial expenses - - - 19,091.3 Payment of Other Expenses - 1,626.0 - 252.4 Payment of Taxes and Licenses 68,568.2 1,766.4 625.0 - Increase in Other Assets - 237.6 - - Trust Liabilities and Deferred Credits - - - 1,263.5 Changes inOperating Assets and Liabilities - 8,586.2 - 72.8 Prepayments - 301.4 - -

Total Cash Outflows 81,479.4 116,224.9 3,515.4 84,515.2 Cash Provided by (Used in) Operating Activities 128,143.7 (104.1) (1,058.1) 16,395.8


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 163,466.1 - 8,826.5 - Proceeds from Sale of Fixed/Acquired Assets 2,223.7 - - 250.0

Total Cash Inflows 165,689.8 - 8,826.5 250.0

Cash Outflows:

Acquisition of Property, Plant and Equipment - 20,818.5 - - Loan/Advances Releases 621,538.1 - - - Other Payments - - - 21.6 Payment of Long Term Liabilities 146,103.7 - - - Remittance of Tax Withheld - - - - Additions to Acquired Assets/Proceeds from Sale of Acquired Assets (net) - - - 69.9

Total Cash Outflows 767,641.7 20,818.5 - 91.5 Cash Provided by (Used in) Investing Activities (601,952.0) (20,818.5) 8,826.5 158.5

Cash Flows From Financing ActivitiesCash Inflows: - 4,450.8 35,000.0 0.5

Proceeds from Borrowings - 4,450.8 - - Equity Received - - 35,000.0 0.5

Total Cash Inflows - 4,450.8 35,000.0 0.5

Particulars

(in thousand pesos)


For the Year Ended December 31, 2005

72

IGLF DDCI DMC AIIBPParticulars

(in thousand pesos)



Cash Outflows: 26,447.6 190.7 - - Payment of Loans/Bonds Payable/Capital Stock Redeemed - - - - Interest Expense 26,447.6 48.1 - - Other Expenses/Payables - 142.6 - -

Total Cash Outflows 26,447.6 190.7 - - Cash Provided by (Used in) Financing Activities (26,447.6) 4,260.1 35,000.0 0.5

Increase (Decrease) in Cash and Cash Equivalents (500,255.8) (16,662.4) 42,768.4 16,554.9

Add: Cash and Cash Equivalents, January 1, 2005 (as restated) 3,003,970.5 22,866.9 2,857.7 8,819.3

Cash and Cash Equivalents, Ending December 31, 2005 2,503,714.7 6,204.5 45,626.1 25,374.1


73

FINANCIAL B CLUSTER

Government Service Insurance System GSIS Family Bank Meat Packing Corporation of the Philippines GSIS Mutual Fund, Inc. Social Security System Philippine Health Insurance Corporation Employees Compensation Commission Home Development Mutual Fund National Home Mortgage Finance Corporation Home Guaranty Corporation Philippine Crop Insurance Corporation Philippine Deposit Insurance Corporation Trade and Investment Development Corporation of the Philippines National Development Company Batangas Land Company, Inc. First Cavite Industrial Estate, Inc. GY Real Estate, Inc. Kamayan Realty Corporation Luzon Integrated Services, Inc. National Precision Cutting Tools, Inc. National Slipways Corporation National Stevedoring and Lighterage Corporation Nat'l Trucking and Forwarding Corporation NDC Maritime Equity Corporation Pinagkaisa Realty Corporation Tacoma Bay Shipping Company, Inc. Manila Gas Corporation PITC PHARMA, Inc. Small Business Guarantee and Finance Corporation Phividec Industrial Authority Social Housing Finance Corporation PEA Tollway Corporation Alabang-Sto. Tomas Development, Inc. Resources and Investments Corporate Home, Inc. Matrix Realty Development Corporation RSBS Enterprises, Inc. RSBS Land, Inc. Southern Utility Management and Services, Inc. NDC Public Infrastructure Corporation

TOTAL GSIS

Administered Funds

GSIS Social Insurance Fund

GSIS Family Bank

Current Assets 179,056,614.6 9,708,480.5 35,224,081.1 1,247,622.2 Cash on Hand 7,942,736.7 31,000.0 661,300.0 47,484.2

Cash in Vault 351.7 - - - Cash - Collecting Officers 1,202,489.5 31,000.0 661,300.0 47,120.0 Cash - Disbursing Officers 2,086.6 - - - Petty Cash Fund 2,844.7 - - 34.5 Cash on Hand 139,849.6 - - - Other Cash Accounts 6,595,114.6 - - 329.7

Cash in Bank 24,573,048.9 6,251,026.6 5,310,761.6 - Cash - Bangko Sentral Ng Pilipinas 982.8 - - - Cash in Bank - Local Currency, Current Account 5,149,055.3 6,251,026.6 (2,612,593.0) - Cash in Bank - Local Currency, Savings Account 11,704,436.5 - 7,921,620.0 - Cash in Bank - Local Currency, Time Deposits 1,648,321.4 - 1,734.6 - Cash in Bank - Foreign Currency, Current Account 4,798.4 - - - Cash in Bank - Foreign Currency, Savings Account 2,689.0 - - - Cash in Bank - Foreign Currency, Time Deposits 106,744.8 - - - Other Cash in Bank 5,956,020.7 - - -

Short Term Investments 44,297,026.5 - - - Marketable Securites 26,492,641.8 - - - Other Short Term Investments 17,804,384.7 - - -

Receivables, Net 98,426,785.4 3,426,453.9 29,235,385.4 1,200,138.0 Accounts Receivable 11,866,410.2 - - - Notes Receivable 1,557,857.2 - - - Due from Officers and Employees 48,061.7 - 1,908.9 - Loans Receivables - GOCCs 4,587,363.0 - - - Loans Receivables - Others 22,115,085.5 - - 1,171,297.9 Interest Receivable 25,596,847.1 - 18,161,565.7 - Due from NGAs 1,326,665.7 - - - Due from GOCCs 1,436,693.9 - - 18,352.5 Due from LGUs 25,244.3 - - - Due from Regional Offices/Staff Bureaus/Branch 1,063.0 - - 1,063.0 Due from Other Funds 7,844.7 - - - Due from Subsidiaries/Affiliates 164,529.4 - - - Receivables - Disallowances/Charges 8,834.6 - - - Premium Receivables 12,653,639.4 1,843,644.6 10,305,781.6 - Mortgage Receivables 13,619,184.5 - - - Insurance Claims Receivables 88,154.3 - - - Other Receivables 4,168,247.8 1,582,809.2 794,364.6 9,424.5 Allowance for Doubtful Accounts (844,941.0) - (28,235.3) -

Inventories, Net 2,184,172.9 - - - Office Supplies Inventory 213,638.8 - - - Spare Parts Inventory 58,305.1 - - - Construction Materials Inventory 392.0 - - - Other Inventories 1,911,837.1 - - -

Prepayments and Deferred Charges 816,112.6 - 16,634.1 - Prepaid Rent 5,463.1 - - - Prepaid Insurance 11,092.1 - - - Advances to Contractors 16,634.1 - 16,634.1 - Deferred Charges 246,400.6 - - - Other Prepaid Expenses 536,522.7 - - -

Other Current Assets 816,731.7 - - - Guaranty Deposits 22,100.3 - - - Other Current Assets 794,631.4 - - -

Financial B ClusterDetailed Balance Sheet


ACCOUNT TITLE

ASSETS

74

TOTAL GSIS

Administered Funds


GSIS Family Bank



ACCOUNT TITLE

Investments, Net 717,378,424.2 15,714,174.9 256,263,073.1 1,679,003.1 Investment in Treasury Bills 1,616,428.5 1,616,428.5 - - Investment in Stocks 9,854,940.3 1,983,893.0 - -

Investments in Bonds 122,185,939.6 8,040,609.4 - 1,678,742.7 Other Investments and Marketable Securities 228,670,818.6 - 142,180,557.8 260.5 Investments in Joint Ventures/Subsidiaries/Ous 8,326.4 - - - Interest Bearing Loans/Advances 130,800,232.8 1,703,197.8 114,082,515.2 - Subrogated Claims Receivables 3,658,296.3 - - - Receivables - Items for/under Litigation 15,769,420.5 - - - Receivables-Long Term 183,919,843.1 - - - Sinking Fund 8,547,715.4 - - - Other Long term Investments 31,436,445.6 2,370,046.2 - - Allowance for Decline in Value of Investments (16,223,742.2) - - - Allowance for Doubtful Accounts-Long Term (2,866,240.9) - - -

Property, Plant and Equipment, Net 15,409,488.7 - 3,746,558.5 27,162.0 Land and Land Improvements 3,627,582.2 - 484,546.1 2,842.4

Land 1,787,640.7 - 296,774.2 2,842.4 Land Improvements 1,839,941.4 - 187,772.0 -

Building 6,677,699.6 - 3,726,759.8 419.7 Office Buildings 5,418,056.3 - 3,726,759.8 419.7 Other Structures 1,259,643.3 - - -

Leasehold Improvements 61,675.9 - - 7,172.2 Leasehold Improvements, Buildings 25,733.6 - - - Other Leasehold Improvements 35,942.2 - - 7,172.2

Office Equipment, Furniture and Fixtures 3,662,782.4 - 1,481,704.6 23,560.5 Office Equipment 233,161.8 - - - Furniture and Fixtures 676,773.0 - - 23,560.5 IT Equipment and Software 2,699,782.7 - 1,481,704.6 - Library Books 1,856.7 - - - Other Equipment, Furniture and Fixtures 51,208.2 - - -

Machinery and Equipment 35,695.5 - - - Machinery 726.0 - - - Communication Equipment 483.8 - - - Military and Police Equipment 92.8 - - - Technical and Scientific Equipment 12.1 - - - Other Machinery and Equipment 34,380.8 - - -

Transportation Equipment 205,530.6 - - - Motor Vehicles 48,254.3 - - - Other Transportation Equipment 157,276.3 - - -

Other Property, Plant and Equipment 6,583,937.2 - 50,537.5 - Other Property, Plant and Equipment 6,583,937.2 - 50,537.5 -

Accumulated Depreciation (5,445,414.6) - (1,996,989.4) (6,832.8)

Intangible Assets 506,320.6 - - - Other Intangible Assets 506,320.6 - - -

Other Assets 121,594,178.0 10,212,587.4 45,102,059.7 854,231.0 Arts, Archeological Specimens and Other Exhibits 70,229.2 54,012.4 16,216.9 - Assets Held in trust 1,063,239.0 - - - Garnished/Foreclosed Assets 21,484,367.4 - - - Acquired Assets 61,002,828.0 7,773,081.1 17,941,686.3 395,501.2 Other Assets 37,973,514.5 2,385,493.9 27,144,156.5 458,729.8

1,033,945,026.1 35,635,242.8 340,335,772.4 3,808,018.4 TOTAL ASSETS

75

TOTAL GSIS

Administered Funds


GSIS Family Bank



ACCOUNT TITLE

Current Liabilities 45,877,954.7 7,294,862.2 4,348,006.7 3,183,402.4 Accounts Payable 7,069,646.3 - - - Deposit Liabilities 1,215,964.9 - - 1,215,964.9 Notes Payable 78,569.5 - - - Dividend Payable 2,300,346.4 1,071,133.6 1,223,945.6 - Loans Payable 3,282,388.0 - - - Interest Payable 6,281,941.8 - - 22,415.0 Accrued Expenses Payable 2,041,296.6 - - 20,870.4 Contracts Payable 1,463.9 - - - Due to Officers and Employees 8,592.6 - - - Due to National Treasury 54,106.5 - - - Due to BIR 67,798.6 - - 1,317.7 Due to SSS 42.9 - - - Due to GSIS 41,587.2 - - - Due to PAG-IBIG 2,946.2 - - - Due to PHILHEALTH 474.3 - - - Due to Other NGAs 594,375.8 - - - Due to Other GOCCs 2,055,685.9 - - 1,921,730.1 Due to LGUs 6,611.6 - - - Due to Central Office/Home Office 11,221.5 - - - Due to Other Funds 2,636,912.6 2,370,046.2 - - Guaranty Deposits Payable 410,903.4 - - - Performance/Bidders/Bail Bonds Payable 424,941.7 - - - Tax Refunds Payable 43.4 - - - Claims and Benefits Payable 1,629,953.6 - 1,629,953.6 - Other Payables 15,660,139.4 3,853,682.4 1,494,107.6 1,104.4

Long-Term Liabilities 159,358,378.2 - 17,140.1 - Bonds Payable - Domestic 18,774,036.9 - - - Loans Payable - Domestic 129,558,878.5 - - - Loans Payable – Foreign 1,461,427.4 - - - Contracts Payable 4,014.6 - - - Other Long-Term Liabilities 9,560,020.8 - 17,140.1 -

TOTAL LIABILITIES 205,236,332.9 7,294,862.2 4,365,146.8 3,183,402.4

Deferred Credits 17,637,293.1 1,202,858.1 2,603,557.1 20,173.6 Other Deferred Credits 17,637,293.1 1,202,858.1 2,603,557.1 20,173.6

EQUITY Government Equity 125,295,033.7 - - - Capital Stock 30,370,967.5 - - 2,531,242.6 Paid in Capital in Excess of Par Value 265,901.3 - - - Subscribed Capital Stock 21,250.0 - - - Restricted Capital/Equity 591,225,523.8 20,020,810.6 316,847,859.4 632.9 Appraisal Capital 1,682,850.8 - 267,935.2 - Donated Capital 133,309.7 - 11,677.2 - Retained Earnings 62,076,563.3 7,116,711.9 16,239,596.7 (1,927,433.1)

811,071,400.0 27,137,522.5 333,367,068.4 604,442.4

1,033,945,026.1 35,635,242.8 340,335,772.4 3,808,018.4




TOTAL EQUITY

76

GSIS Mutual Fund MPCP SSS PHIC

Current Assets 331,996.5 16,138.9 16,824,381.9 23,230,380.2 Cash on Hand - - 6,593,467.6 381,324.3

Cash - Collecting Officers - - - 381,115.9 Petty Cash Fund - - - 208.3 Other Cash Accounts - - 6,593,467.6 -

Cash in Bank 11,029.7 17.0 - 4,206,113.4 Cash in Bank - Local Currency, Current Account 11,029.7 17.0 - 604,814.2 Cash in Bank - Local Currency, Savings Account - - - 3,601,299.3

Short Term Investments 298,167.9 15,947.4 3,662,701.6 14,783,340.9 Marketable Securites 298,167.9 - 3,662,701.6 - Other Short Term Investments - 15,947.4 - 14,783,340.9

Receivables, Net 22,798.9 150.8 4,530,836.1 3,790,385.9 Accounts Receivable - - 2,764,280.8 - Due from Officers and Employees - 9.0 7,612.2 755.2 Interest Receivable - 39.6 1,553,772.1 1,631,638.7 Due from NGAs - - - 1,264,111.1 Due from GOCCs - 2.8 - 1,210,178.4 Due from LGUs - 99.4 - 21,408.8 Receivables - Disallowances/Charges - - - 7,066.7 Premium Receivables - - - 288,793.0 Other Receivables 22,798.9 - 205,171.1 18,184.4 Allowance for Doubtful Accounts - - - (651,750.5)

Inventories, Net - - 2,032,287.8 29,232.8 Office Supplies Inventory - - 174,970.2 29,232.8 Other Inventories - - 1,857,317.6 -

Prepayments and Deferred Charges - - 4,290.1 16,262.2 Other Prepaid Expenses - - 4,290.1 16,262.2

Other Current Assets - 23.7 798.7 23,720.6 Guaranty Deposits - - - 22,097.3 Other Current Assets - 23.7 798.7 1,623.4

Investments, Net 999,425.1 - 179,596,448.6 33,314,656.4 Investment in Stocks - - 650,000.0 132,906.7

Investments in Bonds - - 34,957,090.4 33,289,373.6 Other Investments and Marketable Securities 999,425.1 - 60,491,046.4 613.5 Receivables-Long Term - - 79,688,406.5 - Other Long term Investments - - 15,016,734.2 - Allowance for Decline in Value of Investments - - (11,206,828.8) (108,237.4)

Property, Plant and Equipment, Net - 824,969.5 2,491,514.2 1,102,715.6 Land and Land Improvements - 824,168.3 - 866,756.3

Land - 824,168.3 - - Land Improvements - - - 866,756.3

Building - 5,254.3 - 30,831.8 Office Buildings - 5,254.3 - 30,831.8

ACCOUNT TITLE

ASSETS



77

GSIS Mutual Fund MPCP SSS PHIC ACCOUNT TITLE



Office Equipment, Furniture and Fixtures - - - 471,235.5 Furniture and Fixtures - - - 471,235.5

Machinery and Equipment - 34,380.8 - - Other Machinery and Equipment - 34,380.8 - -

Other Property, Plant and Equipment - - 2,491,514.2 - Other Property, Plant and Equipment - - 2,491,514.2 -

Accumulated Depreciation - (38,833.8) - (266,108.0)

Intangible Assets - - 489,114.6 17,206.1 Other Intangible Assets - - 489,114.6 17,206.1

Other Assets - - 431,664.7 - Acquired Assets - - 431,664.7 -

1,331,421.6 841,108.4 199,833,124.0 57,664,958.2

Current Liabilities 26,973.4 60,759.2 1,996,793.2 2,929,400.4 Accounts Payable 3,616.3 - 680,685.4 2,526,073.5 Accrued Expenses Payable - 23,479.2 898,823.3 - Due to BIR - 23.9 - - Due to GSIS - 22,398.9 - - Due to Other GOCCs - 14,857.4 - - Performance/Bidders/Bail Bonds Payable - - 417,284.5 - Other Payables 23,357.1 - - 403,326.9

Long-Term Liabilities - - 1,427,508.1 - Other Long-Term Liabilities - - 1,427,508.1 -

26,973.4 60,759.2 3,424,301.3 2,929,400.4

Deferred Credits - - 1,462.9 9,910.5 Other Deferred Credits - - 1,462.9 9,910.5

EQUITY Capital Stock 727,038.1 37,000.0 - - Paid in Capital in Excess of Par Value 7,366.2 19,323.1 - - Restricted Capital/Equity 300,000.0 - 173,295,053.9 35,287,000.0 Appraisal Capital - 810,126.9 - - Donated Capital - - 5,092.0 - Retained Earnings 270,043.8 (86,100.8) 23,107,213.9 19,438,647.3

1,304,448.1 780,349.2 196,407,359.8 54,725,647.3

1,331,421.6 841,108.4 199,833,124.0 57,664,958.2




TOTAL ASSETS

TOTAL EQUITY

TOTAL LIABILITIES

78

ECC HDMF NHMFC SHFC

Current Assets 118,985.7 61,556,498.7 4,840,729.9 6,011,186.7 Cash on Hand - 139,849.6 29,716.2 50.0

Cash - Collecting Officers - - 26,488.4 - Cash - Disbursing Officers - - 1,232.7 - Petty Cash Fund - - 1,995.2 - Cash on Hand - 139,849.6 - - Other Cash Accounts - - 0.0 50.0

Cash in Bank 106,680.0 5,956,020.7 1,685,918.9 422,243.1 Cash in Bank - Local Currency, Current Account 2,474.9 - 418,923.0 121,103.4 Cash in Bank - Local Currency, Savings Account - - 39,621.1 - Cash in Bank - Local Currency, Time Deposits 104,205.1 - 1,224,712.8 301,139.7 Cash in Bank - Foreign Currency, Savings Account - - 2,661.9 - Other Cash in Bank - 5,956,020.7 - -

Short Term Investments - 10,806,004.6 - - Marketable Securites - 10,806,004.6 - -

Receivables, Net 11,985.8 44,236,216.1 2,882,296.6 4,940,089.4 Accounts Receivable 16,149.6 8,710,741.3 - - Notes Receivable 1,094.4 - - 200,000.0 Due from Officers and Employees 133.6 24,492.9 1,977.9 397.4 Loans Receivables - GOCCs - - - 4,568,130.6 Loans Receivables - Others - 19,836,366.4 1,030,809.9 - Interest Receivable - 2,052,140.4 648,100.9 72,874.0 Due from GOCCs - - 131,167.3 10,533.2 Due from Subsidiaries/Affiliates - - 13,051.3 - Receivables - Disallowances/Charges 68.2 - - - Mortgage Receivables - 13,619,184.5 - - Insurance Claims Receivables - - - 88,154.3 Other Receivables 3.6 - 1,092,987.0 - Allowance for Doubtful Accounts (5,463.5) (6,709.3) (35,797.8) -

Inventories, Net 208.7 43,693.7 1,178.4 - Office Supplies Inventory 208.7 - 1,178.4 - Other Inventories - 43,693.7 - -

Prepayments and Deferred Charges 98.1 374,714.0 205,999.5 - Prepaid Rent - - 5,441.4 - Prepaid Insurance 98.1 - 598.1 - Deferred Charges - - 199,956.8 - Other Prepaid Expenses - 374,714.0 3.2 -

Other Current Assets 13.0 - 35,620.4 648,804.1 Guaranty Deposits 3.0 - - - Other Current Assets 10.0 - 35,620.4 648,804.1

Investments, Net - 108,855,023.2 32,986,648.7 - Investment in Stocks - 351,497.1 - -

Investments in Bonds - 30,625,001.2 - - Other Investments and Marketable Securities - - 285.5 - Investments in Joint Ventures/Subsidiaries/Ous - 6,326.4 - - Interest Bearing Loans/Advances - 15,014,519.7 - - Receivables - Items for/under Litigation - 15,769,420.5 - - Receivables-Long Term - 46,683,416.3 20,154,514.0 - Other Long term Investments - 404,842.0 13,643,323.3 - Allowance for Decline in Value of Investments - - (259,518.5) - Allowance for Doubtful Accounts-Long Term Receivables - - (551,955.5) -



ACCOUNT TITLE

ASSETS

79

ECC HDMF NHMFC SHFC



ACCOUNT TITLE

Property, Plant and Equipment, Net 87,531.5 1,199,708.6 40,913.4 303.2 Land and Land Improvements 13,519.2 90,527.2 - -

Land 13,519.2 - - - Land Improvements - 90,527.2 - -

Building 82,332.9 1,010,643.5 - - Office Buildings 82,332.9 1,010,643.5 - -

Leasehold Improvements - 21,473.3 2,126.8 - Other Leasehold Improvements - 21,473.3 2,126.8 -

Office Equipment, Furniture and Fixtures 26,033.0 1,228,387.2 105,039.9 303.2 Office Equipment 10,468.9 145,500.9 34,788.1 57.0 Furniture and Fixtures 7,452.6 68,101.2 15,441.3 - IT Equipment and Software 8,075.1 981,270.9 54,678.8 246.2 Library Books 36.5 1,426.9 131.8 - Other Equipment, Furniture and Fixtures - 32,087.3 - -

Machinery and Equipment 12.1 - - - Technical and Scientific Equipment 12.1 - - -

Transportation Equipment 3,861.0 139,685.5 19,243.1 - Motor Vehicles 3,861.0 - 19,243.1 - Other Transportation Equipment - 139,685.5 - -

Other Property, Plant and Equipment - 5,989.8 4,725.0 - Other Property, Plant and Equipment - 5,989.8 4,725.0 -

Accumulated Depreciation (38,226.7) (1,296,997.8) (90,221.5) -

Other Assets - 6,688,812.9 945,063.0 - Garnished/Foreclosed Assets - - 387,799.4 - Acquired Assets - 6,583,592.2 557,263.5 - Other Assets - 105,220.7 - -

206,517.3 178,300,043.5 38,813,355.0 6,011,489.9

Current Liabilities 8,769.4 7,046,528.9 2,410,774.9 342,133.2 Accounts Payable 6,029.9 2,402,035.5 35,593.7 - Loans Payable - 2,612,913.2 - - Interest Payable - - 1,409,623.1 - Accrued Expenses Payable - 967,924.2 - 432.3 Due to Officers and Employees 0.3 - 3,686.2 2.2 Due to BIR 232.3 16,177.5 8,944.9 480.3 Due to GSIS 248.3 4,616.5 2,703.6 - Due to PAG-IBIG - 864.7 601.4 - Due to PHILHEALTH 4.6 - 72.3 - Due to Other NGAs - - 594,374.2 - Due to Other GOCCs - - - 13,094.4 Guaranty Deposits Payable 77.5 - 87,620.2 38,941.4 Performance/Bidders/Bail Bonds Payable 2,132.9 - - - Tax Refunds Payable 43.4 - - - Other Payables - 1,041,997.3 267,555.4 289,182.5


TOTAL ASSETS

80

ECC HDMF NHMFC SHFC



ACCOUNT TITLE

Long-Term Liabilities - 19,045,493.5 40,036,175.7 5,657,096.1 Bonds Payable - Domestic - 7,000,000.0 - - Loans Payable - Domestic - 11,630,654.1 38,986,530.0 - Loans Payable – Foreign - - 401,905.1 - Other Long-Term Liabilities - 414,839.4 647,740.6 5,657,096.1

TOTAL LIABILITIES 8,769.4 26,092,022.4 42,446,950.6 5,999,229.3

Deferred Credits - 11,390,958.7 41,336.1 - Other Deferred Credits - 11,390,958.7 41,336.1 -

EQUITY Government Equity 177.2 124,988,813.8 106,042.9 - Capital Stock - - 3,370,509.0 10,000.0 Restricted Capital/Equity - 144,580.8 - - Donated Capital - 250.9 2,005.9 - Retained Earnings 197,570.7 15,683,416.9 (7,153,489.6) 2,260.6

197,747.8 140,817,062.4 (3,674,931.8) 12,260.6

206,517.3 178,300,043.5 38,813,355.0 6,011,489.9



TOTAL EQUITY

81

HGC PCIC PDIC SBGFC

Current Assets 1,339,875.4 873,824.7 12,911,783.4 2,548,606.3Cash on Hand 55,991.6 291.9 842.6 -

Cash in Vault - - 351.7 - Cash - Collecting Officers 55,144.1 213.1 - - Cash - Disbursing Officers 847.5 (0.9) - - Petty Cash Fund - 79.7 491.0 -

Cash in Bank 195,524.4 71,531.5 28,366.1 224.6 Cash - Bangko Sentral Ng Pilipinas - - 982.8 - Cash in Bank - Local Currency, Current Account 192,308.7 71,531.5 19,469.1 224.6 Cash in Bank - Local Currency, Savings Account - - 6,331.5 - Cash in Bank - Foreign Currency, Current Account 3,215.7 - 1,582.7 -

Short Term Investments 217,561.6 553,010.2 11,452,077.9 1,252,790.1 Marketable Securites 217,415.9 542,101.0 8,867,774.0 1,252,790.1 Other Short Term Investments 145.7 10,909.1 2,584,304.0 -

Receivables, Net 733,565.8 244,413.2 1,413,440.1 1,292,916.5 Accounts Receivable 185,930.7 28,993.0 1,937.3 - Notes Receivable 38,086.4 - - 1,261,687.2 Due from Officers and Employees 466.9 - 1,657.0 1,434.6 Interest Receivable 8,033.0 - 1,409,845.9 29,794.6 Due from NGAs 59,026.8 - - - Due from GOCCs 47,322.3 - - - Due from LGUs 3,736.1 - - - Due from Other Funds 7,844.7 - - - Receivables - Disallowances/Charges 1,699.8 - - - Premium Receivables - 215,420.1 - - Other Receivables 406,115.1 - - - Allowance for Doubtful Accounts (24,696.0) - - -

Inventories, Net 5,256.4 - 2,441.2 - Office Supplies Inventory 5,256.4 - 2,441.2 -

Prepayments and Deferred Charges 131,975.6 - 14,615.4 - Prepaid Rent 21.2 - 0.5 - Prepaid Insurance 9,998.0 - 369.8 - Other Prepaid Expenses 121,956.4 - 14,245.1 -

Other Current Assets - 4,578.0 - 2,675.1 Other Current Assets - 4,578.0 - 2,675.1

Investments, Net 2,081,397.1 327,242.6 80,445,999.0 371,873.2 Investment in Stocks 8,020.7 2,033.8 2,174,310.0 -

Investments in Bonds - - 13,592,762.3 - Other Investments and Marketable Securities - - 21,030,386.1 - Subrogated Claims Receivables - - 3,658,296.3 - Receivables-Long Term 1,673,376.4 325,208.8 31,842,528.8 370,373.2 Sinking Fund 400,000.0 - 8,147,715.4 - Other Long term Investments - - - 1,500.0

Property, Plant and Equipment, Net 62,117.2 4,697.7 152,700.5 113,751.7 Land and Land Improvements 53,797.2 - 26,206.0 -

Land - - 26,206.0 - Land Improvements 53,797.2 - - -

Building - - 145,317.1 137,132.0 Office Buildings - - 145,317.1 137,132.0

Leasehold Improvements 3,468.6 1,098.4 2,723.1 - Leasehold Improvements, Buildings 3,468.6 - - - Other Leasehold Improvements - 1,098.4 2,723.1 -



ACCOUNT TITLE

ASSETS

82

HGC PCIC PDIC SBGFC



ACCOUNT TITLE

Office Equipment, Furniture and Fixtures 48,230.7 1,914.9 165,058.3 19,120.9 Office Equipment - - 18,464.6 - Furniture and Fixtures 16,033.8 959.7 6,370.1 - IT Equipment and Software 32,136.8 955.1 140,077.1 - Library Books 60.1 - 146.4 - Other Equipment, Furniture and Fixtures - - - 19,120.9

Machinery and Equipment 349.6 - - - Communication Equipment 349.6 - - -

Transportation Equipment 17,889.8 1,684.4 5,576.0 6,162.7 Motor Vehicles 17,889.8 1,684.4 5,576.0 - Other Transportation Equipment - - - 6,162.7

Other Property, Plant and Equipment 1,910.2 - - - Other Property, Plant and Equipment 1,910.2 - - -

Accumulated Depreciation (63,528.7) - (192,180.0) (48,663.9)

Other Assets 22,335,253.6 10.1 32,925,760.7 101,279.2 Assets Held in trust 1,063,239.0 - - - Garnished/Foreclosed Assets 21,096,567.9 - - - Acquired Assets - - 27,175,693.2 86,286.9 Other Assets 175,446.8 10.1 5,750,067.5 14,992.3

25,818,643.3 1,205,775.1 126,436,243.5 3,135,510.4

Current Liabilities 8,299,534.0 66,028.3 4,868,081.9 258,463.9 Accounts Payable - 4,011.9 - 44,750.1 Notes Payable - - - 78,569.5 Loans Payable - - - 125,450.0 Interest Payable 134,592.0 - 4,708,334.8 6,976.9 Due to Officers and Employees 604.1 - 3,709.9 - Due to BIR 5,006.4 1,697.0 44,704.4 - Due to GSIS 6,069.4 1,265.5 4,284.9 - Due to PAG-IBIG 976.3 137.9 303.0 - Due to PHILHEALTH 56.3 66.0 275.2 - Due to Other NGAs 1.6 - - - Due to Other GOCCs 9,988.5 - - - Due to Other Funds 213,606.7 - 53,259.7 - Performance/Bidders/Bail Bonds Payable 5,414.3 - - - Other Payables 7,923,218.2 58,850.0 53,210.0 2,717.4

Long-Term Liabilities 10,837,275.8 180,755.0 73,092,557.0 782,047.4 Bonds Payable - Domestic 9,774,036.9 - - - Loans Payable - Domestic - - 73,092,557.0 750,000.0 Other Long-Term Liabilities 1,063,239.0 180,755.0 - 32,047.4

TOTAL LIABILITIES 19,136,809.8 246,783.2 77,960,638.9 1,040,511.3

Deferred Credits 1,009,811.2 4,648.6 899,546.9 3,739.1 Other Deferred Credits 1,009,811.2 4,648.6 899,546.9 3,739.1

EQUITY Capital Stock 6,747,032.9 1,156,251.2 - 1,871,904.6 Paid in Capital in Excess of Par Value - 159,451.4 - 79,510.5 Restricted Capital/Equity - - 45,329,586.2 - Retained Earnings (1,075,010.6) (361,359.4) 2,246,471.5 139,845.0

TOTAL EQUITY 5,672,022.3 954,343.2 47,576,057.8 2,091,260.0

25,818,643.3 1,205,775.1 126,436,243.5 3,135,510.4




TOTAL ASSETS

83

TIDCORP NDC PITC PHARMA BLCI

Current Assets 429,015.3 1,018,541.7 5,341.0 8,579.3 Cash on Hand 1,158.3 221.5 - -

Cash - Collecting Officers 60.7 47.3 - - Cash - Disbursing Officers - 7.2 - - Other Cash Accounts 1,097.6 167.0 - -

Cash in Bank 212,298.4 12,282.7 - - Cash in Bank - Local Currency, Current Account 1,497.3 12,234.0 - - Cash in Bank - Local Currency, Savings Account 87,500.0 48.7 - - Cash in Bank - Local Currency, Time Deposits 16,529.2 - - - Cash in Bank - Foreign Currency, Savings Account 27.1 - - - Cash in Bank - Foreign Currency, Time Deposits 106,744.8 - - -

Short Term Investments 163,164.5 773,610.2 5,318.0 8,507.8 Marketable Securites 136,068.7 415,639.1 - 1,428.1 Other Short Term Investments 27,095.8 357,971.2 5,318.0 7,079.7

Receivables, Net 45,972.5 157,542.9 23.0 71.5 Accounts Receivable 281.3 - - 18.5 Due from Officers and Employees 1,668.8 - - - Loans Receivables - GOCCs 19,232.4 - - - Interest Receivable 21,136.4 6,064.8 23.0 52.2 Due from NGAs 3,526.0 - - - Due from Subsidiaries/Affiliates - 151,478.1 - - Other Receivables 127.6 - - 0.8

Inventories, Net - 303.3 - - Office Supplies Inventory - 303.3 - -

Prepayments and Deferred Charges 6,381.2 21,942.5 - - Deferred Charges 5,485.3 20,450.7 - - Other Prepaid Expenses 895.9 1,491.8 - -

Other Current Assets 40.3 52,638.5 - - Other Current Assets 40.3 52,638.5 - -

Investments, Net 666,043.5 4,036,441.0 - - Investment in Stocks - 4,476,561.2 - -

Other Investments and Marketable Securities 594,793.3 3,373,329.1 - - Receivables-Long Term 71,250.3 3,110,071.0 - - Allowance for Decline in Value of Investments - (4,609,234.9) - - Allowance for Doubtful Accounts-Long Term Receivables - (2,314,285.4) - -

Property, Plant and Equipment, Net 207,841.6 182,543.4 - 34,809.3 Land and Land Improvements - 110,566.7 - 34,781.3

Land - 43,011.8 - 34,781.3 Land Improvements - 67,554.9 - -

Building 204,106.2 1,334,902.4 - - Office Buildings 204,106.2 75,259.1 - - Other Structures - 1,259,643.3 - -

Leasehold Improvements - 22,265.1 - - Leasehold Improvements, Buildings - 22,265.1 - -

ACCOUNT TITLE

ASSETS



84

TIDCORP NDC PITC PHARMA BLCI ACCOUNT TITLE



Office Equipment, Furniture and Fixtures 60,531.1 25,953.3 - 32.3 Office Equipment - 22,953.9 - 32.3 Furniture and Fixtures 60,531.1 2,999.4 - -

Transportation Equipment - 8,629.6 - - Other Transportation Equipment - 8,629.6 - -

Other Property, Plant and Equipment - 2,348.4 - - Other Property, Plant and Equipment - 2,348.4 - -

Accumulated Depreciation (56,795.7) (1,322,122.1) - (4.3)

Other Assets 126,238.5 1,526,057.6 - - Acquired Assets 58,058.8 - - - Other Assets 68,179.7 1,526,057.6 - -

1,429,138.9 6,763,583.8 5,341.0 43,388.5

Current Liabilities 161,202.7 1,909,190.6 - 182.0 Accounts Payable 2,392.0 1,260,795.7 - - Loans Payable - 513,681.6 - - Accrued Expenses Payable 47,942.3 - - 19.9 Contracts Payable 1,463.9 - - - Due to BIR 370.8 - - 162.1 Other Payables 109,033.7 134,713.2 - -

Long-Term Liabilities - 4,160,211.4 - - Bonds Payable - Domestic - 2,000,000.0 - - Loans Payable - Domestic - 1,167,907.7 - - Loans Payable – Foreign - 983,404.2 - - Other Long-Term Liabilities - 8,899.5 - -

161,202.7 6,069,401.9 - 182.0

Deferred Credits 10,999.8 721.8 - 1,037.6 Other Deferred Credits 10,999.8 721.8 - 1,037.6

EQUITY Capital Stock 4,391,899.4 8,971,954.5 5,316.6 36,623.0 Donated Capital 1,543.8 112,739.9 - - Retained Earnings (3,136,506.9) (8,391,234.2) 24.4 5,545.9

1,256,936.3 693,460.2 5,341.0 42,168.9

1,429,138.9 6,763,583.8 5,341.0 43,388.5




TOTAL ASSETS

TOTAL LIABILITIES

TOTAL EQUITY

85

FCIEI GYREI KRC LISI

Current Assets 10,759.3 278.4 743.6 4,582.6 Cash in Bank 534.6 139.7 86.4 85.6

Cash in Bank - Local Currency, Current Account 534.6 139.7 86.4 85.6

Short Term Investments 7,649.3 128.0 - 1,932.6 Marketable Securites 7,649.3 128.0 - 1,932.6

Receivables, Net 1,095.0 10.6 608.3 2,564.4 Accounts Receivable - 9.6 22.8 - Due from Officers and Employees - - - 2,391.9 Interest Receivable 26.6 1.1 - 26.5 Due from GOCCs - - - 189.0 Other Receivables 1,068.4 - 585.5 663.1 Allowance for Doubtful Accounts - - - (706.1)

Inventories, Net 187.6 - - - Other Inventories 187.6 - - -

Prepayments and Deferred Charges 33.1 - 48.9 - Deferred Charges - - 17.8 - Other Prepaid Expenses 33.1 - 31.1 -

Other Current Assets 1,259.6 - - - Other Current Assets 1,259.6 - - -

Investments, Net 32.0 - - - Other Investments and Marketable Securities 32.0 - - -

Property, Plant and Equipment, Net 0.8 9,086.5 6,251.6 2.5 Land and Land Improvements - 9,086.5 6,251.6 -

Land - 9,086.5 6,251.6 -

Office Equipment, Furniture and Fixtures 504.9 - - 190.8 Office Equipment 306.3 - - - Furniture and Fixtures 198.6 - - 190.8

Machinery and Equipment 21.0 - - 92.8 Communication Equipment 21.0 - - - Military and Police Equipment - - - 92.8

Accumulated Depreciation (525.1) - - (281.1)

Other Assets 4.4 - - 401.6 Other Assets 4.4 - - 401.6

10,796.5 9,364.8 6,995.2 4,986.7

ACCOUNT TITLE

TOTAL ASSETS

ASSETS



86

FCIEI GYREI KRC LISI ACCOUNT TITLE



Current Liabilities 1,732.4 20.2 600.7 14,105.1 Accounts Payable 1,497.9 - 600.7 - Accrued Expenses Payable - 14.3 - 45.0 Due to Officers and Employees - - - 423.0 Due to BIR 108.3 5.9 - 657.4 Due to Other GOCCs - - - 140.7 Due to Central Office/Home Office - - - 11,221.5 Guaranty Deposits Payable - - - 726.6 Other Payables 126.2 - - 890.9

1,732.4 20.2 600.7 14,105.1

EQUITY Capital Stock 10,000.0 9,086.5 6,732.5 1,500.0 Retained Earnings (935.9) 258.2 (338.0) (10,618.4)

9,064.1 9,344.7 6,394.5 (9,118.4)

10,796.5 9,364.8 6,995.2 4,986.7




TOTAL EQUITY

TOTAL LIABILITIES

87

NPCTI NSC NSLC NTFC

Current Assets 24,511.6 2,756.2 12,672.3 4,648.6 Cash in Bank 51.6 174.3 142.4 389.8

Cash in Bank - Local Currency, Current Account 51.6 174.3 142.4 389.8

Short Term Investments 17,120.6 2,582.0 12,426.3 4,037.9 Marketable Securites 17,120.6 2,582.0 12,426.3 4,037.9

Receivables, Net 152.3 - 103.5 24.9 Accounts Receivable - - - 20,944.0 Interest Receivable 152.3 - 103.5 - Other Receivables - - - 24.9 Allowance for Doubtful Accounts - - - (20,944.0)

Prepayments and Deferred Charges 6,447.9 - - 196.1 Deferred Charges 6,447.9 - - - Other Prepaid Expenses - - - 196.1

Other Current Assets 739.2 - - - Other Current Assets 739.2 - - -

Investments, Net - - 0.0 - Other Long term Investments - - 0.0 -

Property, Plant and Equipment, Net - - 0.0 - Office Equipment, Furniture and Fixtures - - 57.7 -

Office Equipment - - 4.8 - IT Equipment and Software - - 52.9 -

Accumulated Depreciation - - (57.7) -

Other Assets - - - 51.3 Other Assets - - - 51.3

24,511.6 2,756.2 12,672.3 4,699.9

Current Liabilities 45,328.5 2,425.3 26,031.8 39,821.6 Accounts Payable 45,275.5 - 922.6 2,362.1 Accrued Expenses Payable 53.0 30.0 - - Due to Other GOCCs - 2,395.3 25,109.2 35,236.0 Other Payables - - - 2,223.4

Long-Term Liabilities 76,118.1 - - - Loans Payable – Foreign 76,118.1 - - -

121,446.6 2,425.3 26,031.8 39,821.6

EQUITY Capital Stock 40,000.0 - - - Retained Earnings (136,935.0) 330.9 (13,359.6) (35,121.6)

(96,935.0) 330.9 (13,359.6) (35,121.6)

24,511.6 2,756.2 12,672.3 4,699.9




ACCOUNT TITLE



TOTAL ASSETS

TOTAL LIABILITIES

TOTAL EQUITY

ASSETS

88

PRC PHIVIDEC IA TABASCO MGC

Current Assets 444.6 252,900.5 7,725.2 77,070.7 Cash on Hand - 13.0 - 2.7

Petty Cash Fund - 13.0 - - Other Cash Accounts - - - 2.7

Cash in Bank - 17,021.6 117.9 59,652.8 Cash in Bank - Local Currency, Current Account - 17,021.6 117.9 11,636.9 Cash in Bank - Local Currency, Savings Account - - - 48,015.9

Short Term Investments 436.2 77,576.5 7,597.2 - Marketable Securites - 77,576.5 7,597.2 - Other Short Term Investments 436.2 - - -

Receivables - net 8.3 83,087.3 10.1 17,280.2 Accounts Receivable 7.7 93,577.8 - 37,997.2 Due from Officers and Employees - - - 129.3 Interest Receivable 0.7 - 10.1 - Other Receivables - 30,669.1 - - Allowance for Doubtful Accounts - (41,159.7) - (20,846.3)

Inventories - net - 58,305.1 - - Spare Parts Inventory - 58,305.1 - -

Prepayments and Deferred Charges - 16,310.7 - 135.0 Deferred Charges - 14,042.0 - - Other Prepaid Expenses - 2,268.7 - 135.0

Other Current Assets - 586.3 - - Other Current Assets - 586.3 - -

Investments - net - 792.0 - 2,079.0 Investment in Stocks - 22,057.4 - -

Other Investments and Marketable Securities - - - 79.0 Investments in Joint Ventures/Subsidiaries/Ous - - - 2,000.0 Allowance for Decline in Value of Investments - (21,265.4) - -

Property, Plant and Equipment - net 2,251.6 4,498,584.1 - 573,560.1 Land and Land Improvements 2,251.6 526,304.9 - 573,534.0

Land 2,251.6 526,304.9 - - Land Improvements - - - 573,534.0

Other Property, Plant and Equipment - 3,972,279.2 - - Other Property, Plant and Equipment - 3,972,279.2 - -

Other Assets - 178,721.2 - 74,602.9 Other Assets - 178,721.2 - 74,602.9

2,696.2 4,930,997.7 7,725.2 727,312.7

ACCOUNT TITLE

TOTAL ASSETS

ASSETS



89

PRC PHIVIDEC IA TABASCO MGC ACCOUNT TITLE



Current Liabilities 80.9 373,093.0 510.3 37,898.1 Accounts Payable - 45,624.0 - 2,500.3 Dividend Payable - 5,267.2 - - Accrued Expenses Payable 14.0 29,595.5 90.0 - Due to Officers and Employees - 81.2 - - Due to National Treasury - 54,106.5 - - Due to BIR 66.9 (12,780.0) 148.8 - Due to Other GOCCs - 10,091.2 - 22,573.3 Due to LGUs - 6,611.6 - - Guaranty Deposits Payable - 283,199.4 - - Other Payables - (48,703.7) 271.5 12,824.6

Long-Term Liabilities - 3,935,244.4 - - Loans Payable - Domestic - 3,931,229.7 - - Contracts Payable - 4,014.6 - -

80.9 4,308,337.4 510.3 37,898.1

Deferred Credits - 373,531.1 - 63,000.0 Other Deferred Credits - 373,531.1 - 63,000.0

EQUITY Government Equity - 199,999.9 - - Capital Stock 2,251.6 - 4,750.0 - Appraisal Capital - - - 572,832.6 Retained Earnings 363.7 49,129.3 2,464.9 53,581.9

2,615.3 249,129.2 7,214.9 626,414.5

2,696.2 4,930,997.7 7,725.2 727,312.7




TOTAL EQUITY

TOTAL LIABILITIES

90

NDC-PIC ASDI NMEC PEATC

Current Assets 74,235.3 9,064.8 12,781.1 45,127.7 Cash on Hand - - 10.0 -

Petty Cash Fund - - 10.0 -

Cash in Bank 8,827.2 9,063.0 597.9 63.6 Cash in Bank - Local Currency, Current Account 8,827.2 9,063.0 597.9 63.6

Short Term Investments 65,000.0 - 12,000.0 - Marketable Securites 65,000.0 - 12,000.0 -

Receivables - net 375.4 1.9 130.1 12.8 Due from Officers and Employees - - 92.9 - Interest Receivable - - - 12.8 Due from NGAs - 1.9 - - Other Receivables 375.4 - 37.1 -

Inventories - net 4.6 - 43.1 - Office Supplies Inventory 4.6 - 43.1 -

Prepayments and Deferred Charges 28.1 - - - Prepaid Insurance 28.1 - - -

Other Current Assets - - - 45,051.2 Other Current Assets - - - 45,051.2

Investments - net - - 697.8 2,360.0 Investments in Bonds - - - 2,360.0 Receivables-Long Term - - 697.8 -

Property, Plant and Equipment - net 641.8 - 2,259.3 - Leasehold Improvements - - 1,131.3 -

Other Leasehold Improvements - - 1,131.3 -

Office Equipment, Furniture and Fixtures 672.1 - 1,167.5 - Office Equipment 31.9 - 527.2 - Furniture and Fixtures - - 640.3 - IT Equipment and Software 585.1 - - - Library Books 55.1 - - -

Accumulated Depreciation (30.2) - (39.5) -

Other Assets - - - 86,065.8 Other Assets - - - 86,065.8

74,877.2 9,064.8 15,738.2 133,553.5



ACCOUNT TITLE

TOTAL ASSETS

ASSETS

91

NDC-PIC ASDI NMEC PEATC



ACCOUNT TITLE

Current Liabilities 341.1 8.3 1,017.4 36,045.7 Accounts Payable 5.5 - 478.8 156.1 Due to Officers and Employees 85.7 - - - Due to BIR 104.2 8.3 57.2 304.4 Due to SSS - - - 42.9 Due to PAG-IBIG - - - 62.9 Due to Other GOCCs 35.6 - 433.3 0.8 Guaranty Deposits Payable - - - 338.3 Performance/Bidders/Bail Bonds Payable 110.0 - - - Other Payables - - 48.2 35,140.4

Long-Term Liabilities - - - 95,071.4 Other Long-Term Liabilities - - - 95,071.4

341.1 8.3 1,017.4 131,117.1

EQUITY Capital Stock 80,000.0 9,375.0 - 2,000.0 Paid in Capital in Excess of Par Value - - 250.0 - Subscribed Capital Stock - - 21,250.0 - Retained Earnings (5,463.9) (318.5) (6,779.2) 436.4

74,536.1 9,056.5 14,720.8 2,436.4

74,877.2 9,064.8 15,738.2 133,553.5




TOTAL EQUITY

TOTAL LIABILITIES

92

RSBS LAND, INC. RICHI SUMSI MRDC RSBSEI

Current Assets 72,256.2 173,484.0 20,374.7 3,485.4 662.5 Cash on Hand - - 13.0 - -

Petty Cash Fund - - 13.0 - -

Cash in Bank 1,537.1 548.7 3,181.4 132.2 662.5 Cash in Bank - Local Currency, Current Account 1,537.1 548.7 3,181.4 132.2 662.5

Short Term Investments - 84,500.4 11,836.5 - - Marketable Securites - 84,500.4 - - - Other Short Term Investments - - 11,836.5 - -

Receivables - net 70,719.1 77,952.6 5,187.9 2,778.3 - Accounts Receivable 1,716.6 - 1,023.7 2,778.3 - Notes Receivable 56,989.2 - - - - Due from Officers and Employees - 1,606.6 1,326.5 - - Loans Receivables - Others - 76,611.4 - - - Interest Receivable - 1,432.1 - - - Due from GOCCs 12,013.3 6,935.1 - - - Other Receivables - - 2,837.7 - - Allowance for Doubtful Accounts - (8,632.5) - - -

Inventories - net - 10,482.2 155.9 392.0 - Construction Materials Inventory - - - 392.0 - Other Inventories - 10,482.2 155.9 - -

Other Current Assets - - - 182.9 - Other Current Assets - - - 182.9 -

Investments - net - 35,003.3 - 10.4 - Investment in Stocks - 53,660.4 - - -

Other Investments and Marketable Securities - - - 10.4 - Allowance for Decline in Value of Investments - (18,657.1) - - -

Property, Plant and Equipment - net - 27.9 36,354.3 630.5 - Land and Land Improvements - - 2,443.0 - -

Land - - 2,443.0 - -

Leasehold Improvements - 217.1 - - - Other Leasehold Improvements - 217.1 - - -

Office Equipment, Furniture and Fixtures - 2,926.1 132.0 - - Furniture and Fixtures - 2,926.1 132.0 - -

Machinery and Equipment - 113.1 726.0 - - Machinery - - 726.0 - - Communication Equipment - 113.1 - - -

Transportation Equipment - 1,702.8 1,095.7 - - Other Transportation Equipment - 1,702.8 1,095.7 - -

Other Property, Plant and Equipment - - 54,002.5 630.5 - Other Property, Plant and Equipment - - 54,002.5 630.5 -

Accumulated Depreciation - (4,931.3) (22,045.0) - -

Other Assets - 5,112.4 - - 200.0 Other Assets - 5,112.4 - - 200.0

72,256.2 213,627.5 56,729.0 4,126.3 862.5



ACCOUNT TITLE

TOTAL ASSETS

ASSETS

93

RSBS LAND, INC. RICHI SUMSI MRDC RSBSEI



ACCOUNT TITLE

Current Liabilities 1.0 824.6 3,051.5 83,380.6 549.1 Accounts Payable - 824.6 10.0 3,296.8 107.3 Loans Payable - - - 30,343.2 - Accrued Expenses Payable 1.0 - 2,183.1 49,740.6 38.6 Other Payables - - 858.5 - 403.2

Long-Term Liabilities - - 15,684.4 - - Other Long-Term Liabilities - - 15,684.4 - -

1.0 824.6 18,735.9 83,380.6 549.1

EQUITY Capital Stock - 300,000.0 10,000.0 36,000.0 2,500.0 Appraisal Capital - 4,571.5 27,384.6 - - Retained Earnings 72,255.2 (91,768.6) 608.4 (115,254.3) (2,186.6)

TOTAL EQUITY 72,255.2 212,802.9 37,993.1 (79,254.3) 313.4

72,256.2 213,627.5 56,729.0 4,126.3 862.5




TOTAL LIABILITIES

94

Income 193,249,223.2 8,025,587.1 72,055,152.3 Permits and Licenses 643.2 - -

Permit Fees 643.2 - -

Service Income 922,280.3 34,153.3 374,336.8 Processing Fees 6,035.1 - - Financing Fees 290,796.5 - - Other Service Income 619,123.5 34,153.3 374,336.8 Fines and Penalties - Service Income 6,325.3 - -

Business Income 157,072,698.1 5,954,628.1 57,906,448.7 Rent Income 412,231.8 - 144,530.5 Members' Contribution 87,367,452.0 - 39,765,386.5 Earned Insurance Premiums 5,925,010.3 5,817,191.5 - Insurance Premium and Commission 16,941,150.1 126,524.3 - Other Business Income 45,271,329.2 - 17,315,909.7 Fines and Penalties - Business Income 1,155,524.6 10,912.3 680,621.9

Other Income 31,891,560.9 1,473,867.2 12,419,429.3 Dividend Income 4,795,926.8 51,226.5 712,528.2 Insurance Income 1,874.4 - - Interest Income 17,183,934.6 1,341,231.4 9,496,043.3 Share from Economic Zones 0.9 - - Income from Joint Ventures 158.7 - - Guarantee Fees 2,681.6 - - Miscellaneous Income 9,906,971.6 81,397.0 2,210,857.7 Other Fines and Penalties 12.3 12.3 -

Gain/Premiums 3,362,040.7 562,938.4 1,354,937.4 Gain/Loss on Foreign Exchange (FOREX) 276,305.1 8,550.4 - Gain/Loss on Sale of Disposed Assets 225,606.0 - - Gain/Loss on Sale of Securities 1,838,797.4 554,388.1 690,398.1 Unrealized Gain(Loss) 807,813.1 - 664,539.4 Realized Gain (Loss) 213,519.2 - -

Expenses 136,287,890.1 5,684,093.3 36,430,218.7 Personal Services 10,633,679.6 - 3,575,009.0

Salaries and Wages 6,567,578.0 - 1,459,742.5 Other Compensation 1,618,661.8 - 846,110.0 Personnel Benefit Contributions 1,177,429.2 - 829,894.9 Other Personnel Benefits 1,270,010.6 - 439,261.6

Maintenance and Other Operating Expenses 118,337,501.0 5,384,521.6 32,855,209.7 Travelling Expenses 136,790.7 - 40,541.7 Training and Scholarship Expenses 32,895.2 - 15,603.0 Supplies Expenses 270,641.1 - 101,384.7 Utility Expenses 332,245.6 - 141,543.1 Communication Expenses 303,793.8 - 143,313.9 Membership Dues and Contributions to Organizations 25,480.1 - - Advertising, Promotional and Marketing Expenses 113,506.1 - - Printing and Binding Expenses 33,804.3 - - Rent Expenses 510,956.8 - 52,808.2 Representation Expenses 25,980.4 - 4,470.0 Transportation and Delivery Expenses 13,218.5 - - Subscription Expenses 2,128.5 - - Member's Benefits 94,734,294.3 - 30,858,939.7 Underwriting Expenses 95,185.5 - -

TOTAL GSIS AF GSIS SIFACCOUNT TITLE

Detailed Statement of Income ExpensesFor the Year Ended December 31, 2005

(in thousand pesos)

Financial B Cluster

95

TOTAL GSIS AF GSIS SIFACCOUNT TITLE

Detailed Statement of Income ExpensesFor the Year Ended December 31, 2005

(in thousand pesos)

Financial B Cluster

Rewards and Other Claims 5,633.5 - - Professional Services 1,019,805.0 - 89,541.8 Repairs and Maintenance 220,361.9 - 177,522.1 Foreclosure and Litigation Expenses 201,175.6 - 186,999.7 Subsidies and Donations 2,429.0 - - Confidential, Intelligence, Extraordinary and Miscelllaneo 503,091.7 - 58,680.7 Taxes, Insurance, Premiums and Other Fees 1,877,047.2 1,248,089.1 93,513.2 Bad Debts Expenses 8,565,023.1 100,906.2 129,859.4 Depreciation 955,497.0 - 308,135.2 Other Maintenance and Operating Expenses 7,620,970.4 3,855,241.9 338,876.2 Losses 735,545.6 180,284.4 113,477.2

Financial Expenses 7,316,709.5 299,571.7 - Bank Charges 67,216.2 - - Commitment Fees 1,212.9 - - Interest Expenses 7,179,323.8 299,571.7 - Other Financial Charges 68,956.6 - -

Net Income Before Subsidy 56,961,333.0 2,341,493.8 35,624,933.6 Add: Subsidy from Other National Government Agencies 1,255,200.0 - -

Subsidy from Local Government Units 709,374.7 - - Subsidy from Government Owned and/or Controlled Corp 2.8 - -

Net Income Before Tax 58,925,910.6 2,341,493.8 35,624,933.6 Less: Provision for (Benefit from) Income Tax 847,407.2 - -

NET INCOME AFTER TAX 58,078,503.3 2,341,493.8 35,624,933.6


96

Income 210,250.0 802.0 279,608.2 60,157,151.9 Business Income - - - 59,582,230.5

Members' Contribution - - - 47,602,065.5 Other Business Income - - - 11,980,165.0

Other Income 208,820.0 802.0 63,298.5 435,893.1 Dividend Income - - 24,900.1 - Interest Income 195,288.2 802.0 38,398.5 362,787.4 Miscellaneous Income 13,531.8 - - 73,105.8

Gain/Premiums 1,429.9 - 216,309.6 139,028.3 Gain/Loss on Sale of Disposed Assets 1,429.9 - - - Unrealized Gain(Loss) - - 141,818.7 - Realized Gain (Loss) - - 74,490.9 139,028.3

Expenses 199,574.7 7,956.8 33,240.8 52,145,821.8 Personal Services 66,523.7 - - 3,964,578.0

Salaries and Wages - - - 3,964,578.0 Other Personnel Benefits 66,523.7 - - -

Maintenance and Other Operating Expenses 53,240.6 7,065.4 33,240.8 48,181,243.8 Rent Expenses - - - 102,370.0 Member's Benefits - - - 46,269,820.8 Professional Services - 1,587.5 13,931.5 - Taxes, Insurance, Premiums and Other Fees 7,059.7 5,385.9 53.1 - Depreciation 4,830.8 92.0 - 273,575.5 Other Maintenance and Operating Expenses 41,350.1 - 19,256.2 1,297,833.6 Losses - - - 237,643.9

Financial Expenses 79,810.3 891.4 - - Interest Expenses 79,810.3 891.4 - -

Net Income(Loss) Before Tax 10,675.3 (7,154.8) 246,367.4 8,011,330.1 Less:Provision for (Benefit from) Income Tax - - 5,039.0 -

NET INCOME(LOSS) AFTER TAX 10,675.3 (7,154.8) 241,328.4 8,011,330.1


SSS

Financial B ClusterDetailed Statement of Income and Expenses


ACCOUNT TITLE GSIS FB MPCP GSIS MF

97

Income 21,906,464.6 87,253.1 14,466,499.0 Service Income - 82,395.0 39,735.5

Other Service Income - 82,395.0 39,735.5

Business Income 16,826,322.4 1,790.6 10,399,684.2 Rent Income - 1,790.6 45,439.5 Insurance Premium and Commission 16,814,625.8 - - Other Business Income 11,696.6 - 9,905,332.0 Fines and Penalties - Business Income - - 448,912.7

Other Income 5,080,076.6 3,067.5 3,941,191.5 Dividend Income - - 20.1 Interest Income - 3,014.4 3,813,127.3 Income from Joint Ventures - - 158.7 Miscellaneous Income 5,080,076.6 53.1 127,885.5

Gain/Premiums 65.6 - 85,887.8 Gain/Loss on Foreign Exchange (FOREX) - - - Gain/Loss on Sale of Disposed Assets 65.6 - 70,290.2 Gain/Loss on Sale of Securities - - 15,597.6

Expenses 19,280,137.1 51,678.5 6,356,034.1 Personal Services 614,797.0 24,144.9 1,169,718.6

Salaries and Wages 293,956.1 12,999.3 422,460.8 Other Compensation 209,380.9 7,290.8 353,598.8 Personnel Benefit Contributions 44,225.2 1,850.8 249,968.1 Other Personnel Benefits 67,234.9 2,004.2 143,690.9

Maintenance and Other Operating Expenses 18,664,658.8 27,533.6 3,170,397.4 Travelling Expenses 35,488.3 1,036.0 33,757.4 Training and Scholarship Expenses 7,503.9 171.5 2,720.7 Supplies Expenses 68,107.5 2,426.6 65,095.3 Utility Expenses 50,023.2 2,247.8 82,238.2 Communication Expenses 73,745.1 1,516.8 60,302.1 Membership Dues and Contributions to Organizations - 139.9 23,503.3 Advertising, Promotional and Marketing Expenses 22,058.9 146.2 72,706.6 Printing and Binding Expenses 12,356.4 210.9 19,630.6 Rent Expenses 104,784.5 - 133,321.3 Representation Expenses - 2,918.1 10,210.8 Transportation and Delivery Expenses 573.0 28.6 12,066.3 Subscription Expenses - 116.9 941.8 Member's Benefits 17,518,559.6 - 86,974.3 Rewards and Other Claims 5,633.5 - - Professional Services 610,506.7 5,488.9 130,053.6 Repairs and Maintenance 10,627.8 1,042.1 20,559.0 Subsidies and Donations - 680.7 1,283.0 Confidential, Intelligence, Extraordinary and Miscelllaneous 8,096.5 597.8 14,333.8 Taxes, Insurance, Premiums and Other Fees 64,945.9 249.4 317,818.3 Depreciation 55,427.9 8,040.3 176,941.2 Other Maintenance and Operating Expenses 16,220.2 304.5 1,831,781.8 Losses - 170.7 74,158.2



PHIC ECC HDMFACCOUNT TITLE

98



PHIC ECC HDMFACCOUNT TITLE

Financial Expenses 681.3 - 2,015,918.1 Bank Charges 681.3 - 5,431.0 Interest Expenses - - 1,941,530.6 Other Financial Charges - - 68,956.6

Net Income Before Subsidy 2,626,327.4 35,574.6 8,110,464.9 Add: Subsidy from Other National Government Agencies 750,200.0 - -

Subsidy from Local Government Units 709,374.7 - - Subsidy from Government Owned and/or Controlled Corporations 2.8 - -

Net Income Before Tax 4,085,904.9 35,574.6 8,110,464.9 Less:Provision for (Benefit from) Income Tax - - 726,545.9

NET INCOME AFTER TAX 4,085,904.9 35,574.6 7,383,919.0


99

Income 1,766,412.7 12,536.0 430,507.9 Service Income 82,793.9 10,471.8 295,431.8

Processing Fees - 6,035.1 - Financing Fees - - 288,076.6 Other Service Income 82,793.9 4,436.8 1,029.9 Fines and Penalties - Service Income - - 6,325.3

Business Income - - 15,148.6 Rent Income - - 15,148.6

Other Income 1,623,423.4 2,064.1 81,330.1 Dividend Income - - 10.8 Interest Income 1,073,588.1 1,763.9 79,091.9 Miscellaneous Income 549,835.3 300.2 2,227.5

Gain/Premiums 60,195.4 - 38,597.5 Gain/Loss on Foreign Exchange (FOREX) - - - Gain/Loss on Sale of Disposed Assets 60,195.4 - 30,080.4 Gain/Loss on Sale of Securities - - 8,517.1

Expenses 1,179,931.2 9,828.3 1,100,414.2 Personal Services 178,715.0 5,326.4 60,697.9

Salaries and Wages 104,307.3 3,584.9 24,932.6 Other Compensation 43,731.5 - 18,492.3 Personnel Benefit Contributions 14,670.2 503.1 3,432.2 Other Personnel Benefits 16,006.0 1,238.4 13,840.8

Maintenance and Other Operating Expenses 253,487.7 4,500.6 175,961.5 Travelling Expenses 2,780.3 87.0 1,311.9 Training and Scholarship Expenses 624.9 - 200.6 Supplies Expenses 6,848.7 237.6 12,407.9 Utility Expenses 14,457.8 440.0 6,621.9 Communication Expenses 4,758.9 162.7 3,722.0 Membership Dues and Contributions to Organizations - - 1.3 Advertising, Promotional and Marketing Expenses 769.8 - 1,801.5 Printing and Binding Expenses 343.3 40.0 99.2 Rent Expenses 68,009.5 1,984.6 16,616.6 Representation Expenses 1,966.5 - 1,457.9 Transportation and Delivery Expenses - - 30.6 Subscription Expenses 127.0 - 341.3 Professional Services 44,470.7 289.5 17,597.7 Repairs and Maintenance 1,172.2 - 291.6 Subsidies and Donations 146.5 - 302.3 Confidential, Intelligence, Extraordinary and Miscelllaneous 2,843.9 443.4 3,259.3 Taxes, Insurance, Premiums and Other Fees 53,799.1 754.1 19,732.4 Bad Debts Expenses 10,498.8 - - Depreciation 7,528.7 - 6,812.6 Other Maintenance and Operating Expenses 32,341.0 61.6 83,352.7

Financial Expenses 747,728.5 1.4 863,754.8 Bank Charges 60,841.4 1.4 5.4 Commitment Fees 1,212.9 - - Interest Expenses 685,674.2 - 863,749.4

NHMFC SHFC HGCACCOUNT TITLE



100

NHMFC SHFC HGCACCOUNT TITLE



Net Income Before Subsidy 586,481.5 2,707.7 (669,906.2) Add: Subsidy from Other National Government Agencies 505,000.0 - -

Net Income Before Tax 1,091,481.5 2,707.7 (669,906.2) Less:Provision for (Benefit from) Income Tax - 447.1 8,237.2

NET INCOME(LOSS) AFTER TAX 1,091,481.5 2,260.6 (678,143.4)


101

Miscellaneous Income 1,203.9 1,738,808.2 -

Unrealized Gain(Loss) 65.9 - -

ExpensesPersonal Services

Other Personnel Benefits 10,907.5 131,615.6 54,491.5

Maintenance and Other Operating Expenses

Financial ExpensesBank Charges 24.2 210.5 -


Financial B ClusterDetailed Statement of Income ExpensesFor the Year Ended December 31, 2005

(in thousand pesos)

ACCOUNT TITLE PCIC PDIC TIDCORP

Income 141,932.9 12,061,362.6 292,227.2 Service Income - 164.4 2,719.8

Financing Fees - - 2,719.8 Other Service Income - 164.4 -

Business Income 106,426.9 5,576,646.7 289,204.2 Earned Insurance Premiums 106,426.9 - 1,392.0 Insurance Premium and Commission - - - Other Business Income - 5,576,646.7 272,734.5 Fines and Penalties - Business Income - - 15,077.7

Other Income 35,440.2 5,914,686.5 - Dividend Income 1.1 3,977,203.1 - Interest Income 34,235.2 198,675.1 -

Gain/Premiums 65.9 569,865.1 303.1 Gain/Loss on Sale of Disposed Assets - - 303.1 Gain/Loss on Sale of Securities - 569,865.1 -

214,330.6 11,813,046.8 275,278.4 67,730.2 351,542.4 130,142.1

Salaries and Wages 36,847.1 115,392.8 51,398.4 Other Compensation 14,520.3 87,654.3 17,461.0 Personnel Benefit Contributions 5,455.3 16,879.8 6,791.3

145,577.6 8,548,500.4 145,136.3 Travelling Expenses 4,227.6 9,532.3 1,670.7 Training and Scholarship Expenses 2,748.5 - 1,023.6 Supplies Expenses 2,411.8 5,668.6 2,704.7 Utility Expenses 2,481.1 22,216.9 - Communication Expenses 1,276.8 5,604.1 4,650.4 Membership Dues and Contributions to Organizations - - 1,835.6 Advertising, Promotional and Marketing Expenses 10,213.0 964.4 43.1 Printing and Binding Expenses - 1,112.1 - Rent Expenses 5,073.2 11,935.6 10,825.9 Representation Expenses - - 3,674.8 Subscription Expenses - 490.1 - Underwriting Expenses 95,185.5 - - Professional Services 15,366.7 32,439.4 3,368.0 Repairs and Maintenance - 1,890.8 377.3 Confidential, Intelligence, Extraordinary and Miscelllaneo - 6,272.7 1,405.9 Taxes, Insurance, Premiums and Other Fees - 23,624.2 9,368.1 Bad Debts Expenses - 8,251,801.4 43,691.5 Depreciation - 19,772.3 12,402.3 Other Maintenance and Operating Expenses 6,593.5 52,497.9 22,125.7 Losses - 102,677.7 25,968.9

1,022.8 2,913,004.0 -

Interest Expenses 998.5 2,912,793.5 -

Net Income(Loss) Before Tax (72,397.7) 248,315.8 16,948.7 Less: Provision for (Benefit from) Income Tax - 36,451.8 8,115.3

NET INCOME(LOSS) AFTER TAX (72,397.7) 211,864.0 8,833.4

102

Income 914,472.6 24.7 8,280.4 1,124.9 Service Income 78.0 - - -

Other Service Income 78.0 - - -

Business Income 151,241.2 24.7 7,874.6 736.4 Rent Income 151,241.2 - 7,874.6 735.9 Other Business Income - 24.7 - 0.5

Other Income 450,933.7 - 405.8 388.5 Dividend Income 29,972.0 - - - Interest Income 420,829.1 - 405.8 388.5 Miscellaneous Income 132.6 - - -

Gain/Premiums 312,219.6 - - - Gain/Loss on Foreign Exchange (FOREX) 267,754.7 - - - Gain/Loss on Sale of Disposed Assets 44,464.9 - - -

Expenses 870,500.0 0.3 7,153.3 1,109.0 Personal Services 8,791.1 - 40.0 179.9

Salaries and Wages 3,702.6 - - 167.3 Other Compensation 850.7 - 40.0 - Personnel Benefit Contributions 528.6 - - 12.6 Other Personnel Benefits 3,709.2 - - -

Maintenance and Other Operating Expenses 538,413.8 - 7,113.3 927.3 Travelling Expenses 1,436.9 - 11.1 - Training and Scholarship Expenses 829.0 - - - Supplies Expenses 630.6 - 4.6 2.3 Utility Expenses 3,550.4 - - 5.7 Communication Expenses 1,442.8 - - 16.1 Rent Expenses 932.2 - - - Representation Expenses 414.0 - 98.9 - Transportation and Delivery Expenses - - - 7.6 Subscription Expenses - - - 1.6 Professional Services 33,616.2 - 256.9 99.2 Repairs and Maintenance 5,432.6 - - - Subsidies and Donations 1.5 - - - Confidential, Intelligence, Extraordinary and Miscelllaneous 402,299.9 - 1.0 13.6 Taxes, Insurance, Premiums and Other Fees 11,504.4 - 6,712.6 743.0 Depreciation 72,049.2 - 4.3 3.9 Other Maintenance and Operating Expenses 4,274.2 - 24.0 34.4

Financial Expenses 323,295.1 0.3 - 1.8 Bank Charges - 0.3 - 1.8 Interest Expenses 323,295.1 - - -

Net Income Before Tax 43,972.6 24.4 1,127.1 15.9 Less:Provision for (Benefit from) Income Tax 69,527.3 - 232.2 -

NET INCOME(LOSS) AFTER TAX (25,554.7) 24.4 894.9 15.9


FCIEI



ACCOUNT TITLE NDC PITC BLCI

103

Income 367.4 694.8 123.3 990.7 131.0 Business Income 340.7 693.9 - - -

Rent Income 340.7 693.9 - - -

Other Income 26.7 0.9 123.3 990.7 131.0 Interest Income 26.7 - 123.3 990.7 131.0 Share from Economic Zones - 0.9 - - -

Expenses 226.0 776.2 39.7 542.2 47.0 Personal Services 66.0 - - 16.0 -

Other Compensation 48.0 - - 16.0 - Other Personnel Benefits 18.0 - - - -

Maintenance and Other Operating Expenses 160.0 776.2 39.7 525.8 47.0 Rent Expenses 3.6 - - - - Representation Expenses 66.5 29.4 - - - Professional Services 63.0 246.4 15.0 15.0 - Confidential, Intelligence, Extraordinary and Miscelllaneous 1.0 2.9 - - - Taxes, Insurance, Premiums and Other Fees 16.8 479.4 24.7 - - Other Maintenance and Operating Expenses 9.1 18.0 - - 47.0 Losses - - - 510.8 -

Financial Expenses - - - 0.4 - Bank Charges - - - 0.4 -

Net Income(Loss) Before Tax 141.4 (81.4) 83.6 448.5 84.0 Less:Provision for (Benefit from) Income Tax 36.7 - - - -

NET INCOME(LOSS) AFTER TAX 104.7 (81.4) 83.6 448.5 84.0


NSCACCOUNT TITLE GYREI KRC LISI NPCTI



104

Income 699.8 298.6 580.3 259,689.2 Business Income - - 569.5 128,482.8

Rent Income - - 569.5 - Other Business Income - - - 128,482.8

Other Income 699.8 298.6 10.8 131,206.4 Interest Income 699.8 298.6 10.8 111,073.7 Guarantee Fees - - - 2,681.6 Miscellaneous Income - - - 17,451.1

Expenses 1,187.3 774.3 497.9 218,187.8 Personal Services 563.7 100.0 48.0 48,414.1

Salaries and Wages 483.7 - - 22,029.1 Other Compensation - - 48.0 15,319.5 Personnel Benefit Contributions - - - 3,055.0 Other Personnel Benefits 80.0 100.0 - 8,010.4

Maintenance and Other Operating Expenses 623.5 674.3 449.9 105,050.8 Travelling Expenses 2.5 3.7 33.0 4,413.2 Training and Scholarship Expenses - - - 1,292.4 Supplies Expenses 2.6 10.4 - 2,415.5 Utility Expenses - - - 2,302.6 Communication Expenses 0.1 - - 3,064.0 Advertising, Promotional and Marketing Expenses - - - 4,802.6 Rent Expenses 30.3 84.3 - 1,356.3 Representation Expenses 5.8 6.4 62.7 - Transportation and Delivery Expenses - 0.2 - - Subscription Expenses - - - 108.7 Professional Services 579.0 416.0 32.0 10,640.4 Repairs and Maintenance - - - 937.8 Foreclosure and Litigation Expenses - - - 14,175.9 Confidential, Intelligence, Extraordinary and Miscelllaneous 1.2 1.3 0.9 4,500.0 Taxes, Insurance, Premiums and Other Fees - - 321.3 7,087.9 Bad Debts Expenses 2.0 - - 28,263.8 Depreciation - - - 7,731.0 Other Maintenance and Operating Expenses - 152.0 - 11,304.8 Losses - - - 653.8

Financial Expenses - - - 64,722.9 Interest Expenses - - - 64,722.9

Net Income(Loss) Before Tax (487.4) (475.7) 82.4 41,501.4 Less:Provision for (Benefit from) Income Tax - - 61.9 (7,523.5)

NET INCOME(LOSS) AFTER TAX (487.4) (475.7) 20.4 49,024.9


SBGFC



ACCOUNT TITLE NSLC NTFC PRC

105

Income 144,038.0 493.0 1,874.4 707.1 Permits and Licenses 643.2 - - -

Permit Fees 643.2 - - -

Business Income 115,590.3 - - - Rent Income 43,866.8 - - - Other Business Income 71,723.5 - - -

Other Income 9,028.1 493.0 1,874.4 707.1 Insurance Income - - 1,874.4 - Interest Income 5,787.6 493.0 - 640.2 Miscellaneous Income 3,240.5 - - 66.9

Gain/Premiums 18,776.4 - - - Gain/Loss on Sale of Disposed Assets 18,776.4 - - -

Expenses 344,325.9 113.6 16,997.8 6,171.0 Personal Services 344,325.9 - 330.5 5,720.3

Salaries and Wages 42,990.9 - 330.5 2,597.3 Other Compensation - - - 2,166.7 Personnel Benefit Contributions - - - 24.1 Other Personnel Benefits 301,335.0 - - 932.1

Maintenance and Other Operating Expenses - 113.6 10,381.3 450.7 Travelling Expenses - - 98.1 12.3 Training and Scholarship Expenses - - - 15.2 Supplies Expenses - - 12.1 62.5 Utility Expenses - - 108.6 - Communication Expenses - - 0.8 28.7 Printing and Binding Expenses - - - 9.8 Representation Expenses - - 134.2 152.3 Transportation and Delivery Expenses - - - 2.4 Subscription Expenses - - 1.1 - Professional Services - 15.0 4,187.6 30.4 Repairs and Maintenance - - - 42.3 Confidential, Intelligence, Extraordinary and Miscelllaneous - - - 0.5 Taxes, Insurance, Premiums and Other Fees - 98.6 4,647.3 64.1 Depreciation - - 13.0 30.2 Other Maintenance and Operating Expenses - - 1,178.4 -

Financial Expenses - - 6,286.1 - Interest Expenses - - 6,286.1 -

NET INCOME(LOSS) (200,287.9) 379.4 (15,123.4) (5,463.9)


ACCOUNT TITLE



PHIVIDEC IA TABASCO MGC NDC-PIC

106

Income 66.2 31.3 112.5 14.1 Other Income 66.2 31.3 112.5 14.1

Interest Income 66.2 30.7 112.5 14.1 Miscellaneous Income - 0.6 - -

Expenses 384.6 6,810.5 - 368.6 Personal Services 164.4 4,925.2 - 47.5

Salaries and Wages - 3,034.7 - - Other Compensation 164.4 1,721.3 - 47.5 Personnel Benefit Contributions - 93.7 - - Other Personnel Benefits - 75.5 - -

Maintenance and Other Operating Expenses 220.2 1,883.7 - 304.2 Travelling Expenses - 346.9 - - Training and Scholarship Expenses - 161.8 - - Supplies Expenses 1.4 59.8 - 0.2 Utility Expenses - 30.8 - - Communication Expenses - 90.1 - 0.3 Rent Expenses - 396.0 - - Representation Expenses - 112.7 - - Transportation and Delivery Expenses - - - 12.2 Professional Services - 364.4 - 2.3 Confidential, Intelligence, Extraordinary and Miscelllaneous 17.5 81.4 - 56.6 Taxes, Insurance, Premiums and Other Fees 201.2 200.3 - 7.7 Depreciation - 39.5 - - Other Maintenance and Operating Expenses - - - 225.0

Financial Expenses - 1.7 - 16.9 Bank Charges - 1.7 - 16.9

NET INCOME(LOSS) (318.5) (6,779.2) 112.5 (354.5)


ACCOUNT TITLE



ASDI NMEC PEATC RSBS

107

Income 5,230.3 15,362.4 48.8 20.2 Business Income - 8,613.1 - -

Other Business Income - 8,613.1 - -

Other Income 3,809.6 6,749.3 48.8 20.2 Dividend Income 65.0 - - - Interest Income 3,744.6 - 0.8 20.2 Miscellaneous Income - 6,749.3 48.0 -

Gain/Premiums 1,420.7 - - - Gain/Loss on Sale of Securities 31.5 - - - Unrealized Gain(Loss) 1,389.1 - - -

Expenses 11,909.9 14,133.4 3,358.1 690.3 Personal Services 7,956.9 3,059.5 5.5 -

Salaries and Wages - 2,042.2 - - Personnel Benefit Contributions - 44.3 - - Other Personnel Benefits 7,956.9 972.9 5.5 -

Maintenance and Other Operating Expenses 3,953.0 11,074.0 3,352.6 690.3 Supplies Expenses - 145.5 - - Utility Expenses - 3,977.7 - - Communication Expenses - 97.5 - 0.8 Printing and Binding Expenses - - 2.2 - Rent Expenses 424.7 - - - Representation Expenses - 40.9 70.2 88.0 Transportation and Delivery Expenses 111.3 317.8 0.2 68.3 Professional Services 1,166.7 913.4 2,364.2 140.0 Repairs and Maintenance - 466.3 - - Subsidies and Donations - 15.0 - - Confidential, Intelligence, Extraordinary and Miscelllaneous 121.8 50.3 7.9 - Taxes, Insurance, Premiums and Other Fees 364.6 126.3 54.8 - Depreciation 71.1 1,931.1 - 65.0 Other Maintenance and Operating Expenses 1,692.9 2,992.3 853.3 328.2

Net Income(Loss) Before Tax (6,679.6) 1,228.9 (3,309.3) (670.2) Less:Provision for (Benefit from) Income Tax - 236.3 - -

NET INCOME(LOSS) AFTER TAX (6,679.6) 992.6 (3,309.3) (670.2)


ACCOUNT TITLE



RICHI SUMSI MRDC RSBSEI

108

Government Equity Balance at beginning of the year 114,860,263.8 - - Additions/Deductions 10,434,769.9 - - Balance at end of the year 125,295,033.7 - -

Capital Stock Balance at beginning of the year 30,248,813.9 - - Additions/Deductions 122,153.6 - - Balance at end of the year 30,370,967.5 - -

Subscribed Capital Stock Balance at beginning of the year - - - Additions/Deductions 21,250.0 - - Balance at end of the year 21,250.0 - -

Donated Capital Balance at beginning of the year 321,782.4 - 201,803.1 Additions/Deductions (188,472.7) - (190,125.9) Balance at end of the year 133,309.7 - 11,677.2

Paid-in Capital in Excess of Par Value - - - Balance at beginning of the year 265,047.1 - - Additions/Deductions 854.1 - - Balance at end of the year 265,901.3 - -

Appraisal Capital Balance at beginning of the year 1,427,047.7 - 12,531.5 Additions/Deductions 255,803.1 - 255,403.7 Balance at end of the year 1,682,850.8 - 267,935.2

Restricted Capital Balance at beginning of the year 538,144,190.7 16,158,995.8 271,135,909.8 Additions/Deductions 53,081,333.1 3,861,814.7 45,711,949.6 Balance at end of the year 591,225,523.8 20,020,810.6 316,847,859.4

Retained Earnings Balance at beginning of the year 39,158,507.3 8,932,894.0 20,632,945.1 Transfers to Reserve (50,430,855.6) (4,718,906.0) (45,711,949.6) Prior Years’ Adjustments 59,101.6 - - Changes during the year 1,833,550.4 609,926.2 1,549,633.2 Net Income/Loss for the year 58,078,503.3 2,341,493.8 35,624,933.6 Dividends (5,666,824.7) - - Unrealized Loss on Marketable Securities (4,374,827.6) - - Unrealized Gain 27,256,206.8 537,413.8 7,394,722.8 Fluctuation reserves (2,096,922.8) (36,566.4) (2,060,356.5) Non-admitted assets (1,739,875.5) (549,543.4) (1,190,332.1) Balance at end of the year 62,076,563.3 7,116,711.9 16,239,596.7

Total Equity 811,071,400.0 27,137,522.5 333,367,068.4


Financial B ClusterDetailed Statement of Changes in EquityFor the Year Ended December 31, 2005

(in thousand pesos)

Particulars Total GSIS AF GSIS SIF

109

Capital Stock Balance at beginning of the year 2,531,242.6 37,000.0 725,384.6 - Additions/Deductions - - 1,653.6 - Balance at end of the year 2,531,242.6 37,000.0 727,038.1 -

Donated Capital Balance at beginning of the year - - - 5,092.0 Additions/Deductions - - - - Balance at end of the year - - - 5,092.0

Paid-in Capital in Excess of Par Value - - - - Balance at beginning of the year - 19,323.1 6,762.1 - Additions/Deductions - - 604.1 - Balance at end of the year - 19,323.1 7,366.2 -

Appraisal Capital Balance at beginning of the year - 810,126.9 - - Additions/Deductions - - - - Balance at end of the year - 810,126.9 - -

Restricted Capital Balance at beginning of the year 632.9 - 300,000.0 173,394,831.5 Additions/Deductions - - - (99,777.6) Balance at end of the year 632.9 - 300,000.0 173,295,053.9

Retained Earnings Balance at beginning of the year (1,958,742.2) (78,946.0) 25,786.5 20,187.2 Prior Years’ Adjustments 20,633.9 - 3,453.0 - Changes during the year - - (524.2) (440.5) Net Income/Loss for the year 10,675.3 (7,154.8) 241,328.4 8,011,330.1 Dividends - - - - Unrealized Loss on Marketable Securities - - - (4,247,933.0) Unrealized Gain - - - 19,324,070.2 Balance at end of the year (1,927,433.1) (86,100.8) 270,043.8 23,107,213.9

Total Equity 604,442.4 780,349.2 1,304,448.1 196,407,359.8


SSS


(in thousand pesos)

Particulars GSIS FB MPCP GSIS MF

110

Government Equity Balance at beginning of the year - 242.2 114,553,978.8 106,042.9 Additions/Deductions - (65.1) 10,434,835.0 - Balance at end of the year - 177.2 124,988,813.8 106,042.9

Capital Stock Balance at beginning of the year - - - 3,370,509.0 Additions/Deductions - - - - Balance at end of the year - - - 3,370,509.0

Donated Capital Balance at beginning of the year - - 250.9 352.7 Additions/Deductions - - - 1,653.1 Balance at end of the year - - 250.9 2,005.9

Balance at beginning of the year 35,287,000.0 - 137,234.5 - Additions/Deductions - - 7,346.3 - Balance at end of the year 35,287,000.0 - 144,580.8 -

Retained Earnings Balance at beginning of the year 15,074,112.3 158,100.2 14,296,673.1 (8,303,774.9) Prior Years’ Adjustments 379,800.8 3,895.9 (127,124.9) 58,803.8 Changes during the year 7,066.7 - (332,111.0) - Net Income/Loss for the year 4,085,904.9 35,574.6 7,383,919.0 1,091,481.5 Dividends - - (5,537,939.2) - Unrealized Loss on Marketable Securities (108,237.4) - - - Balance at end of the year 19,438,647.3 197,570.7 15,683,416.9 (7,153,489.6)

Total Equity 54,725,647.3 197,747.8 140,817,062.4 (3,674,931.8)


NHMFC


(in thousand pesos)

Particulars PHIC ECC HDMF

111

Capital Stock Balance at beginning of the year 10,000.0 6,747,032.9 1,125,751.2 - Additions/Deductions - - 30,500.0 - Balance at end of the year 10,000.0 6,747,032.9 1,156,251.2 -

Paid-in Capital in Excess of Par Value Balance at beginning of the year - - 159,451.4 - Additions/Deductions - - - - Balance at end of the year - - 159,451.4 -

Restricted Capital Balance at beginning of the year - - - 41,729,586.2 Additions/Deductions - - - 3,600,000.0 Balance at end of the year - - - 45,329,586.2

Retained Earnings Balance at beginning of the year - (398,567.0) (288,961.7) 2,318,746.5 Prior Years’ Adjustments - 1,699.8 - (284,139.0) Net Income/Loss for the year 2,260.6 (678,143.4) (72,397.7) 211,864.0 Balance at end of the year 2,260.6 (1,075,010.6) (361,359.4) 2,246,471.5

Total Equity 12,260.6 5,672,022.3 954,343.2 47,576,057.8


PDIC


(in thousand pesos)

Particulars SHFC HGC PCIC

112

PITC PHARMA

Capital Stock Balance at beginning of the year 4,391,899.4 8,971,954.5 5,316.6 36,623.0 Additions/Deductions - - - - Balance at end of the year 4,391,899.4 8,971,954.5 5,316.6 36,623.0

Donated Capital Balance at beginning of the year 1,543.8 112,739.9 - - Additions/Deductions - - - - Balance at end of the year 1,543.8 112,739.9 - -

Retained Earnings Balance at beginning of the year (3,128,289.9) (8,365,679.5) - 4,651.0 Net Income/Loss for the year 8,833.4 (25,554.7) 24.4 894.9 Dividends (17,050.5) - - - Balance at end of the year (3,136,506.9) (8,391,234.2) 24.4 5,545.9

Total Equity 1,256,936.3 693,460.2 5,341.0 42,168.9


TIDCORP NDC BLCIParticulars


(in thousand pesos)

113

Capital Stock Balance at beginning of the year - 9,086.5 6,732.5 2,251.6 1,871,904.6 Additions/Deductions 10,000.0 - - - - Balance at end of the year 10,000.0 9,086.5 6,732.5 2,251.6 1,871,904.6

Paid-in Capital in Excess of Par Value Balance at beginning of the year - - - - 79,510.5 Additions/Deductions - - - - - Balance at end of the year - - - - 79,510.5

Retained Earnings Balance at beginning of the year (951.8) 767.7 (251.9) 343.2 202,040.9 Prior Years’ Adjustments - - (4.7) - - Net Income/Loss for the year 15.9 104.7 (81.4) 20.4 49,024.9 Dividends - (614.1) - - (111,220.8) Balance at end of the year (935.9) 258.2 (338.0) 363.7 139,845.0

Total Equity 9,064.1 9,344.7 6,394.5 2,615.3 2,091,260.0


Particulars SBGFCFCIEI GYREI KRC PRC


(in thousand pesos)

114

Government Equity Balance at beginning of the year 199,999.9 - - - - Additions/Deductions - - - - - Balance at end of the year 199,999.9 - - - -

Capital Stock Balance at beginning of the year - 2,000.0 - 9,375.0 1,500.0 Additions/Deductions - - 80,000.0 - - Balance at end of the year - 2,000.0 80,000.0 9,375.0 1,500.0

Retained Earnings Balance at beginning of the year 249,417.2 324.0 - - (10,702.0) Net Income/Loss for the year (200,287.9) 112.5 (5,463.9) (318.5) 83.6 Balance at end of the year 49,129.3 436.4 (5,463.9) (318.5) (10,618.4)

Total Equity 249,129.2 2,436.4 74,536.1 9,056.5 (9,118.4)


Particulars ASDI LISIPHIVIDEC IA PEATC NDC-PIC


(in thousand pesos)

115

Capital Stock Balance at beginning of the year 40,000.0 - - 4,750.0 Additions/Deductions - - - - Balance at end of the year 40,000.0 - - 4,750.0

Retained Earnings Balance at beginning of the year (137,383.5) (12,872.1) (34,645.9) 2,085.6 Net Income/Loss for the year 448.5 (487.4) (475.7) 379.4 Balance at end of the year (136,935.0) (13,359.6) (35,121.6) 2,464.9

Total Equity (96,935.0) (13,359.6) (35,121.6) 7,214.9


Particulars NTFC TABASCONPCTI NSLC


(in thousand pesos)

116

Subscribed Capital Stock Balance at beginning of the year - - - - Additions/Deductions - - 21,250.0 - Balance at end of the year - - 21,250.0 -

Paid-in Capital in Excess of Par Value Balance at beginning of the year - - - - Additions/Deductions - - 250.0 - Balance at end of the year - - 250.0 -


Retained Earnings Balance at beginning of the year 246.8 66,608.7 - 72,609.7 Prior Years’ Adjustments - 2,096.7 - - Net Income/Loss for the year 84.0 (15,123.4) (6,779.2) (354.5) Balance at end of the year 330.9 53,581.9 (6,779.2) 72,255.2

Total Equity 330.9 626,414.5 14,720.8 72,255.2


Particulars NMEC RSBSLINSC MGC


(in thousand pesos)

117

Capital Stock Balance at beginning of the year 300,000.0 10,000.0 36,000.0 2,500.0 Additions/Deductions - - - - Balance at end of the year 300,000.0 10,000.0 36,000.0 2,500.0

Appraisal Capital Balance at beginning of the year 4,172.2 27,384.6 - - Additions/Deductions 399.3 - - - Balance at end of the year 4,571.5 27,384.6 - -

Retained Earnings Balance at beginning of the year (66,431.8) (370.6) (111,945.0) (1,516.5) Prior Years’ Adjustments - (13.6) - - Net Income/Loss for the year (6,679.6) 992.6 (3,309.3) (670.2) Dividends - - - - Unrealized Loss on Marketable Securities (18,657.1) - - - Balance at end of the year (91,768.6) 608.4 (115,254.3) (2,186.6)

Total Equity 212,802.9 37,993.1 (79,254.3) 313.4


MRDC RSBSEI


(in thousand pesos)

RICHI SUMSIParticulars

118

TOTAL GSIS Administered Funds


Operating Income 781.6 - Operating Receipts 793,535.8 - Guarantee Fees 257,092.4 - Rentals 185,690.2 - Interest and Commission 52.9 - Interest Income 25,309,377.3 - Collection of Income/Revenue 48,419.0 - Collection of Assessment Premium 5,578,521.9 - Collection in subrogated claims receivable 64,323.6 - Fees, Commission & Other Income 18,641.5 - Members' Contributions 108,590,447.7 5,226,140.6 Collection of Receivables 50,677.9 50,677.9 Cash Received from Customers 5,688,893.2 - Collection form Electric Cooperatives 1,817.2 - Collection of Receivables 15,646,619.9 - Collection from Banks Under Receivership 47,651.5 - Collection from Buyers of Assets/Deposits 7,215.0 - Collection Held in Trust 92,317.6 1,754.6 Income from Investments 1,180,379.4 1,180,379.4 Income from treasury Bonds/Notes/Financial Assistance 3,635,970.7 - Dividend Income 833,369.8 - Investment and Other Income 10,545,403.6 - Other Receipts 2,848,908.7 210,501.0 Proceed from Withdrawal and Sale of Short-Term Investments Securities/Bonds 265,306.7 - Gain/Proceed from Sale of Assets/Acquired Assets 104,355.4 48,000.0 Receipt of Refund from Cash Advance & Reinsurance Premium 5,686.6 5,686.6 Other Liabilities 241.8 - Loading Fund Received from GSIS/SSS 82,395.0 - Financial Assistance 1,357,393.5 - Collection Held in Trust 6,265.8 - Loan Repayments 69,556,790.0 - Gain from Sale of Assets and Miscellaneous Income 530,882.7 - Receipts of Guaranty Deposits 700.8 - Proceeds on Performance Bond/Other Deposits 224.0 - Other Receipts 12,528.6 - Recoveries from Rehabilitation Cost 569.8 - Subsidy Income 860,000.0 - President's Social Fund 5,000.0 - Output Value Added Taxes 2,701.9 - Decrease in Financial assets held for trading 115,741.7 - Income from Escrow Fund 22,138.9 - Government Premium Share 105,218.0 - Financial Assistance 1,357,522.5 -

Total Cash Inflows 255,817,772.0 6,723,140.1

Particulars

Financial B ClusterDetailed Statement of Cash Flows, By GOCCs


119

TOTAL GSIS Administered FundsParticulars



Cash Outflows:Payment of Members and Beneficiaries 93,057,553.6 1,681,619.2 Payment of Accounts Payable 51,341.9 - Payment of Claims Payable 76,863.4 - Administrative and Operating Expenses 8,127,183.6 40,575.6 Financial expenses 0.3 - Payment of interest 4,006,373.6 - Payment of Operating Expenses 5,475,382.5 - Payment to Officers and Employees 9,428.3 - Loan Releases 69,995,680.6 - Payment to Suppliers and Employees, Service Providers 13,832,066.0 - Payment of Insured Deposits 1,229,780.8 - Payment of Other Expenses 676,800.0 676,800.0 Other Expenses 69,112.4 - Payment of Taxes and Licenses 690,719.6 - Increase in Other Assets 10,331.1 - Remittances to Various Entities 9,741.7 - Income Tax Paid 5,251.6 - Payment of Taxes and Licenses 742.9 - Payment for Capital Expenditures 106,999.5 - Payment for expenses incurred for Receivership and Liquidation 7,117.9 - Regional Centers, Net Cash Flows 50,000.0 - Investment in Securities 99,886.5 - Financial Assistance 102,071.7 - Increase in Receivables 345,645.7 - Increase in Notes Receivable 161,580.9 - Loss on Foreign Exchange 1,419.3 - Remittance to GSIS/Pag-IBIG/Philhealth 1,381.0 - Remittance to BIR 2.2 - Payment of Prepaid Expenses 82.3 - Loans and Advances to Employees 13,571.4 - Increase in ROPOA/Acquired Assets 6,245.1 - Dividends Paid 915.9 - Provision for retirement 12,337.4 - Reinsurance Expenses 1,397,824.3 1,397,824.3 Payment of Liabilties 832,227.5 832,227.5 Liquidation of Advances to Other Funds 176,195.6 176,195.6 Savings Deposits 6,274,106.3 - Undistributed Collections 2,180.9 -

Total Cash Outflows 206,916,145.3 4,805,242.2 Cash Provided by (Used in) Operating Activities 48,901,626.8 1,917,897.9


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 12,605,981.2 12,605,981.2 Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 158,078,862.0 - Collections of Receivables from Loans, Installment Sales 949,437.8 949,437.8 Collection from Loans 70,785,666.5 - Collection of Financial Assistance 7,140,584.0 - Income from Public Enterprises/Investments 676.5 - Dividend Received 4,995,080.9 - Interest Received 612,305.9 -

120




Gain from Sale of Investments 79,263.1 - Proceeds from Investments/Sinking Fund 1,862.3 - Proceeds from Sale of Securities/Bonds/Stocks 5,712,707.7 - Redemption of Long-Term Investments or Repayments 16,124.9 - Other Investments 2,038,378.6 - Proceeds from Sale of Fixed Assets 287.8 - Proceeds from Sale of Fixed Assets 3,693.2 - Other Income 36.6 - Collection from BDO re Recoveries from First -E-Bank 112,061.4 - Receipt of payment for capital stock subscription 10,000.0 - Equity Received 30,500.0 -

Total Cash Inflows 263,173,510.4 13,555,419.0

Cash Outflows:Acquisition of Property, Plant and Equipment 450,011.5 - Investment in Retail Treasury Bonds/Marketable Securities/Stocks 13,517,269.6 13,452,269.6 Investment in Retail Treasury Bonds/Marketable Securities/Stocks 101,109,664.9 - Placement for Special Fund/Bonds/Deposits 76,275,610.0 - Placement of Cash 22,708,473.2 - Loan/Advances Releases 8,146,980.0 975,344.5 Loan Releases 73,558,221.4 - Loan to Officers and Employees 1,584.3 - Financial Assistance Granted to Distressed Banks 4,420,000.0 - Construction Cost/Capital expenditures 16,584.2 - Remittance of Tax Withheld 12,059.8 - Preterminated Investments 150.0 - Leasehold Improvement 7,906.4 - Disbursement for Capital Expenditures 7,690.6 - Other Expenses 8,017.4 - Interest paid on ROP Global Bonds 20,761.3 - Deposit in Escrow Account-PBCComm 339,767.8 - Long-term Investments 1,690,531.7 - RPT Share and Cash Advances to LGUs 17,345.4 - Acquisition of Intangible Assets 950.0 - Purchase of Securities 134,300.0 - Investment in Equity 1,500.0 -

Total Cash Outflows 302,445,379.3 14,427,614.1 Cash Provided by (Used in) Investing Activities (39,271,868.9) (872,195.1)


Proceeds from Long-Term Borrowings 71,411,865.8 - Proceeds from Issuance of Stocks/Bonds 6,705.9 - Loans 200,000.0 - Net Payments of Loans 6,962,783.2 - Proceeds from Members Contribution 12,619,239.7 - Capital Infusion 30,875.0 - Proceeds from Trust Receipts 32,047.4 - Interest 549.2 - Collection of Advances to ( from) Other Funds 170,242.5 170,242.5

Total Cash Inflows 91,434,308.7 170,242.5

121




Cash Outflows:Payment of Loans Payable 78,495,374.4 - Payment of Capital Stocks/Bonds Redeemed 368,907.8 - Dividends Paid 51,471.3 - Payment of Miscellaneous Long Term Liabilities 1.3 - Placement in Short-Term Investment 1,340.6 - Provident Benefit Claims 5,669,754.1 - Interest Expense 321,649.7 - Sinking Fund 684,041.2 - Payment of Guarantee fees to BTR 99,984.3 - Guarantee Call Payments 46,663.4 - Payment of Loans to BSP 7,624,621.9 - Liquidation of Advances to Other Funds 254,625.1 254,625.1 Payment of dividend to the national government 101,093.3 - Corporate Operating Budget of ECC and OSHC 99,777.6 -

Total Cash Outflows 93,819,305.9 254,625.1 Cash Provided by (Used in) Financing Activities (2,384,997.2) (84,382.6)

Effects of Exchange Rate Changes on Cash and Cash Equivalents (25,213.8) -

Increase (Decrease) in Cash and Cash Equivalents 7,219,546.8 961,320.2

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 40,939,415.3 5,320,706.4

Cash and Cash Equivalents, Ending December 31, 2005 48,158,962.1 6,282,026.6


122

GSIS Social

Insurance FundGSIS Family

Bank MPCP


Operating Receipts 348,106.4 - - Rentals 52,663.7 - - Interest Income 18,140,960.3 6,347,786.0 795.7 Members' Contributions 39,190,248.6 - - Collection of Receivables 1,789,468.9 469,940.7 - Dividend Income 699,382.6 - - Other Receipts 1,758,396.5 48,936.0 - Gain/Proceed from Sale of Assets/Acquired Assets - 1,092.5 - Loan Repayments - 69,483,049.8 -

Total Cash Inflows 61,979,226.9 76,350,805.0 795.7

Cash Outflows:Payment of Members and Beneficiaries 28,768,001.7 - - Administrative and Operating Expenses 5,973,650.4 - - Financial expenses - - - Payment of interest 203,403.9 32,006.4 - Payment of Operating Expenses - 420,068.0 - Loan Releases - 69,995,680.6 - Payment of Taxes and Licenses - - 5,264.9 Savings Deposits - 6,274,106.3 -

Total Cash Outflows 34,945,055.9 76,721,861.3 5,264.9 Cash Provided by (Used in) Operating Activities 27,034,171.0 (371,056.3) (4,469.2)


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 42,835,555.0 - - Collection from Loans 41,471,137.1 - - Gain from Sale of Investments - 79,263.1 -

Total Cash Inflows 84,306,692.1 79,263.1 -

Cash Outflows:Acquisition of Property, Plant and Equipment - 4,938.3 - Investment in Retail Treasury Bonds/Marketable Securities/Stocks 69,936,381.8 - - Loan Releases 37,366,246.0 - - Purchase of Securities - 134,300.0 -

Total Cash Outflows 107,302,627.8 139,238.3 - Cash fProvided by (Used in) Investing Activities (22,995,935.7) (59,975.2) -

Particulars



123

GSIS Social

Insurance FundGSIS Family

Bank MPCPParticulars




Proceeds from Long-Term Borrowings - 71,411,865.8 - Total Cash Inflows - 71,411,865.8 -

Cash Outflows:Payment of Loans Payable - 70,951,282.9 - Interest Expense - 27,787.0 -

Total Cash Outflows - 70,979,070.0 - Cash Provided by (Used in) Financing Activities - 432,795.9 -

Increase (Decrease) in Cash and Cash Equivalents 4,038,235.3 1,764.4 (4,469.2)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 1,933,826.3 45,719.8 20,433.6

Cash and Cash Equivalents, Ending December 31, 2005 5,972,061.6 47,484.2 15,964.4


124

GSIS Mutual

Fund SSS PHIC ECC


Operating Receipts - - 5,228.6 - Interest Income 44,443.8 - - - Members' Contributions - 47,602,065.5 16,571,993.0 - Collection of Receivables - 3,591,218.6 5,140.3 4,377.9 Collection Held in Trust - 75,603.7 14,957.8 - Dividend Income 24,447.3 - - 1.1 Investment and Other Income - 10,545,403.6 - - Other Receipts - - 12,159.4 918.4 Proceed from Withdrawal and Sale of Short-Term Investments Securities/Bonds 264,941.1 - - - Gain/Proceed from Sale of Assets/Acquired Assets - - - 34.9 Other Liabilities 241.8 - - - Loading Fund Received from GSIS/SSS - - - 82,395.0 Financial Assistance - - 1,357,393.5 - Decrease in Financial assets held for trading - 115,741.7 - -

Total Cash Inflows 334,073.9 61,930,033.1 17,966,872.6 87,727.1

Cash Outflows:Payment of Members and Beneficiaries - 46,268,497.5 16,339,435.2 - Payment of Accounts Payable 4,618.5 - - - Administrative and Operating Expenses - - 1,642,015.1 - Payment of Operating Expenses - 4,676,422.2 - - Payment to Officers and Employees - - - - Payment to Suppliers and Employees, Service Providers 26,928.2 - - 48,328.2 Other Expenses - - 12,170.0 - Increase in Other Assets 9,360.1 - - - Income Tax Paid 5,039.0 - - - Investment in Securities 23,557.9 - - - Increase in Receivables - 197,365.9 - - Loss on Foreign Exchange 1,419.3 - - -

Total Cash Outflows 70,922.9 51,142,285.5 17,993,620.4 48,328.2 Cash Provided by (Used in) Operating Activities 263,151.0 10,787,747.5 (26,747.8) 39,398.9


Collection from Loans - - - 310.5 Dividend Received - - 4,986,079.3 - Interest Received - - - 2,787.7

Total Cash Inflows - - 4,986,079.3 3,098.2

Cash Outflows:Acquisition of Property, Plant and Equipment - 178,711.6 99,811.7 8,768.9 Investment in Retail Treasury Bonds/Marketable Securities/Stocks - - 8,709,735.9 - Loan/Advances Releases - 7,171,635.5 - - Disbursement for Capital Expenditures - - - 7,690.6 Other Expenses - - 8,017.4 - Acquisition of Intangible Assets - 950.0 - -

Total Cash Outflows - 7,351,297.1 8,817,564.9 16,459.6 Cash Provided by (Used in) Investing Activities - (7,351,297.1) (3,831,485.6) (13,361.3)

Particulars



125

GSIS Mutual

Fund SSS PHIC ECCParticulars




Proceeds from Issuance of Stocks/Bonds 6,705.9 - - - Total Cash Inflows 6,705.9 - - -

Cash Outflows:Payment of Capital Stocks/Bonds Redeemed 4,972.4 - - - Corporate Operating Budget of ECC and OSHC - 99,777.6 - -

Total Cash Outflows 4,972.4 99,777.6 - - Cash Provided by (Used in) Financing Activities 1,733.5 (99,777.6) - -

Increase (Decrease) in Cash and Cash Equivalents 264,884.5 3,336,672.9 (3,858,233.4) 26,037.6

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 44,313.0 3,256,794.7 23,229,012.0 80,642.4

Cash and Cash Equivalents, Ending December 31, 2005 309,197.5 6,593,467.6 19,370,778.6 106,680.0


126

HDMF NHMFC SHFC HGC PCIC


Operating Receipts - - - 440,200.8 - Interest Income - - 1,763.9 - - Collection of Income/Revenue - - 2,526.7 - 32,914.9 Fees, Commission & Other Income - - - - 1,203.9 Cash Received from Customers 5,685,354.1 - - - - Collection of Receivables - 8,004,325.4 - 166,797.1 238,443.5 Other Receipts - - 551,046.2 190,262.9 - Collection Held in Trust - - - 6,265.8 - Receipts of Guaranty Deposits - - 700.8 - - Other Receipts - 12,323.6 205.0 - - Subsidy Income - 860,000.0 - - - President's Social Fund - 5,000.0 - - - Output Value Added Taxes - 2,701.9 - - - Government Premium Share - - - - 105,218.0

Total Cash Inflows 5,685,354.1 8,884,350.8 556,242.6 803,526.6 377,780.3

Cash Outflows:Payment of Accounts Payable - - - - 27,993.1 Payment of Claims Payable - - - - 76,863.4 Administrative and Operating Expenses - - 897.4 - - Payment of interest 1,859,088.4 - - - - Payment of Operating Expenses - - - 9,116.0 118,486.8 Payment to Suppliers and Employees, Service Providers 4,252,169.4 9,074,088.8 - 195,273.7 - Other Expenses - - 2,460.9 38,855.6 - Payment of Taxes and Licenses 489,367.1 50,840.6 - 17,575.1 - Remittances to Various Entities - - - 9,741.7 - Payment of Taxes and Licenses - - 516.3 - - Payment for Capital Expenditures - - - 106,999.5 - Regional Centers, Net Cash Flows - - - 50,000.0 - Increase in Receivables - - 140,066.6 - - Remittance to GSIS/Pag-IBIG/Philhealth - - 8.3 - -

Total Cash Outflows 6,600,624.9 9,124,929.4 143,949.5 427,561.7 223,343.3 Cash Provided by (Used in) Operating Activities (915,270.8) (240,578.6) 412,293.1 375,964.9 154,437.0


Proceeds from Maturing Treasury Bills/Bonds Short-Term Investment 79,115,377.9 - - - - Collection from Loans 29,282,305.5 - - - - Dividend Received 9,001.1 - - - - Interest Received - 4,500.0 - - 34,236.3 Other Investments - - - 2,038,378.6 - Proceeds from Sale of Fixed Assets - - - 287.8 - Receipt of payment for capital stock subscription - - 10,000.0 - - Equity Received - - - - 30,500.0

Total Cash Inflows 108,406,684.5 4,500.0 10,000.0 2,038,666.4 64,736.3

Particulars



127

HDMF NHMFC SHFC HGC PCICParticulars



Cash Outflows:Acquisition of Property, Plant and Equipment 114,841.5 8,938.0 - 489.7 - Investment in Retail Treasury Bonds Marketable Securities/Stocks - - - - 166,794.2 Placement for Special Fund/Bonds/Deposits 76,275,610.0 - - - - Loan Releases 35,559,465.2 - - - - Long-term Investments - 10,000.0 - 1,516,641.7 -

Total Cash Outflows 111,949,916.7 18,938.0 - 1,517,131.4 166,794.2 Cash Provided by (Used in) Investing Activities (3,543,232.2) (14,438.0) 10,000.0 521,535.0 (102,057.9)


Net Payments of Loans 6,962,783.2 - - - - Proceeds from Members Contribution 12,619,239.7 - - - -

Total Cash Inflows 19,582,022.9 - - - -

Cash Outflows:Payment of Loans Payable 7,145,966.8 - - - - Payment of Capital Stocks/Bonds Redeemed - - - 363,935.4 - Provident Benefit Claims 5,669,754.1 - - - - Interest Expense - - - 293,853.8 - Payment of Guarantee fees to BTR - - - 99,984.3 - Guarantee Call Payments - - - 46,663.4 -

Total Cash Outflows 12,815,720.9 - - 804,436.9 - Cash Provided by (Used in) Financing Activities 6,766,302.0 - - (804,436.9) -

Increase (Decrease) in Cash and Cash Equivalents 2,307,799.0 (255,016.5) 422,293.1 93,062.9 52,379.1

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated 3,788,071.4 1,970,651.6 - 158,453.1 30,353.4

Cash and Cash Equivalents, Ending December 31, 2005 6,095,870.3 1,715,635.1 422,293.1 251,516.0 82,732.5


128

PDIC TIDCORP NDC SBGFC


Guarantee Fees - 254,410.8 - 2,681.6 Rentals - - 130,740.3 - Interest Income 267,907.5 66.4 266,232.7 234,178.8 Collection of Income/Revenue - - - - Collection of Assessment Premium 5,578,521.9 - - - Collection in subrogated claims receivable 64,323.6 - - - Fees, Commission & Other Income - - - 17,437.6 Collection of Receivables 1,181,900.2 46,217.4 13,601.5 43,033.8 Collection from Banks Under Receivership 47,651.5 - - - Collection from Buyers of Assets/Deposits - - 7,215.0 - Collection Held in Trust - - - - Income from treasury Bonds/Notes/Financial Assistance 3,635,970.7 - - - Dividend Income 79,564.0 - 29,972.0 - Other Receipts 244.8 70,802.8 - 5,638.3 Proceed from Withdrawal and Sale of Short-Term InvestmentsGain/Proceed from Sale of Assets/Acquired Assets - - 38,164.4 - Loan Repayments - - - 73,740.2 Gain from Sale of Assets and Miscellaneous Income 530,882.7 - - - Recoveries from Rehabilitation Cost 569.8 - - - Income from Escrow Fund 22,138.9 - - - Financial Assistance 1,357,522.5 - - -


Cash Outflows:Payment of Accounts Payable - 18,730.3 - - Administrative and Operating Expenses 296,147.7 - - 168,323.0 Payment of interest 1,686,871.6 - 225,003.5 - Payment of Operating Expenses 161,129.8 - - - Payment to Officers and Employees 3,351.9 - 5,584.9 - Payment to Suppliers and Employees, Service Providers - 161,859.1 73,361.4 - Payment of Insured Deposits 1,229,780.8 - - - Other Expenses 1,674.5 - - - Payment of Taxes and Licenses 103,089.7 - 22,517.9 - Payment for expenses incurred for Receivership and Liquidation 7,117.9 - - - Investment in Securities - - - 76,328.6 Financial Assistance 102,071.7 - - - Increase in Receivables - - - 8,213.3 Increase in Notes Receivable - - - 161,580.9 Loss on Foreign Exchange - - - - Loans and Advances to Employees 13,571.4 - - - Increase in ROPOA/Acquired Assets - - - 6,245.1 Provision for retirement 12,337.4 - - - Undistributed Collections - - - 2,180.9

Total Cash Outflows 3,617,144.4 180,589.4 327,438.6 422,871.8 Cash Provided by (Used in) Operating Activities 9,150,053.7 190,908.0 158,487.2 (46,161.6)

Particulars



129

PDIC TIDCORP NDC SBGFCParticulars




Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 36,121,610.3 6,318.8 - - Collection from Loans - - 31,110.7 - Collection of Financial Assistance 7,140,584.0 - - - Interest Received - - 570,781.9 - Proceeds from Sale of Securities/Bonds/Stocks 5,632,707.7 - - - Redemption of Long-Term Investments or Repayments - - 16,124.9 - Proceeds from Sale of Fixed Assets - 350.7 3,342.6 - Collection from BDO re Recoveries from First -E-Bank 112,061.4 - - -

Total Cash Outflows 49,006,963.4 6,669.5 621,360.1 -

Cash Outflows:Acquisition of Property, Plant and Equipment - 24,730.3 - 7,012.2 Investment in Retail Treasury Bonds/Marketable Securities/Stocks 22,296,751.5 - - - Placement of Cash 22,706,113.2 - - - Loan Releases - - 632,510.1 - Financial Assistance Granted to Distressed Banks 4,420,000.0 - - - Construction Cost/Capital expenditures 4,869.5 - 10,583.4 - Interest paid on ROP Global Bonds 20,761.3 - - - Deposit in Escrow Account-PBCComm 339,767.8 - - - Long-term Investments - - 163,890.0 - Investment in Equity - - - 1,500.0

Total Cash Outflows 49,788,263.3 24,730.3 806,983.6 8,512.2 Cash Provided by (Used in) Investing Activities (781,299.9) (18,060.8) (185,623.5) (8,512.2)


Loans - - - 200,000.0 Proceeds from Trust Receipts - - - 32,047.4

Total Cash Inflows - - - 232,047.4

Cash Outflows:Payment of Loans Payable - - 271,624.6 126,500.0 Dividends Paid - 17,050.5 - 34,420.8 Payment of Miscellaneous Long Term Liabilities - - 1.3 - Sinking Fund 684,041.2 - - - Payment of Loans to BSP 7,624,621.9 - - - Payment of dividend to the national government 101,093.3 - - -

Total Cash Outflows 8,409,756.4 17,050.5 271,625.9 160,920.8 Cash Provided by (Used in) Financing Activities (8,409,756.4) (17,050.5) (271,625.9) 71,126.6

Effects of Exchange Rate Changes on Cash and Cash Equivalents 755.1 (25,968.9) - - Increase (Decrease) in Cash and Cash Equivalents (40,247.5) 129,827.8 (298,762.2) 16,452.8

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 69,456.2 131,333.2 726,905.6 17,523.4

Cash and Cash Equivalents, Ending December 31, 2005 29,208.7 261,161.0 428,143.3 33,976.3


130

FCIEI PIA GYREI PITC PHARMA

Cash Flows From Operating Activities

Cash Inflows:Operating Income - - 357.8 - Rentals 772.7 - - - Interest and Commission - - - - Interest Income 5.3 5,227.5 1.6 - Collection of Income/Revenue - 12,605.0 - - Cash Received from Customers - 3,539.1 - - Collection form Electric Cooperatives - 1,817.2 - - Collection of Receivables 162.4 91,989.4 - - Collection Held in Trust - - 1.5 - Dividend Income - 2.9 - - Other Receipts - - - 1.8 Proceed from Withdrawal and Sale of Short-Term Investments Securities/Bonds 365.6 - - - Gain/Proceed from Sale of Assets/Acquired Assets - 17,063.6 - -

Total Cash Inflows 1,306.0 132,244.8 360.8 1.8

Cash Outflows:Financial expenses - - - 0.3 Payment of interest - - - - Payment of Operating Expenses - 84,610.5 225.7 - Other Expenses - 13,869.1 - - Payment of Taxes and Licenses 1,365.2 - 74.0 - Payment of Taxes and Licenses - - 226.6 - Dividends Paid - - 614.1 -

Total Cash Outflows 1,365.2 98,479.6 1,140.5 0.3 Cash Provided by (Used in) Operating Activities (59.3) 33,765.1 (779.6) 1.4


Income from Public Enterprises/Investments - - 464.7 - Dividend Received 0.5 - - - Proceeds from Investments/Sinking Fund 1,862.3 - - - Proceeds from Sale of Securities/Bonds/Stocks - - - - Other Income - - 36.6 -

Total Cash Inflows 1,862.8 - 501.3 -

Particulars



131

FCIEI PIA GYREI PITC PHARMA

Particulars



Cash Outflows:Acquisition of Property, Plant and Equipment - 344.8 - - Investment in Retail Treasury Bonds/Marketable Securities/Stocks - 1.5 - - Remittance of Tax Withheld - 12,059.8 - - Preterminated Investments 150.0 - - - Leasehold Improvement - 7,906.4 - - RPT Share and Cash Advances to LGUs - 17,345.4 - -

Total Cash Outflows 150.0 37,657.9 - - Cash Provided by (Used in) Investing Activities 1,712.8 (37,657.9) 501.3 -

Increase (Decrease) in Cash and Cash Equivalents 1,653.6 (3,892.7) (278.4) 1.4

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 6,530.4 98,503.8 418.1 5,316.6 Cash and Cash Equivalents, Ending December 31, 2005 8,183.9 94,611.1 139.7 5,318.0


132

KRC PRC SBGFC NDC-PIC ASDI


Operating Income - 423.8 - - - Guarantee Fees - - 2,681.6 - - Rentals 67.7 - - - - Interest and Commission - - - - 52.9 Interest Income 0.9 - 234,178.8 - - Collection of Income/Revenue - - - 341.1 - Fees, Commission & Other Income - - 17,437.6 - - Members' Contributions - - - - - Collection of Receivables - - 43,033.8 - - Other Receipts - 0.9 5,638.3 - - Loan Repayments - - 73,740.2 - - Proceeds on Performance Bond/Other Deposits - - - 200.0 -

Total Cash Inflows 68.6 424.7 376,710.2 541.1 52.9

Cash Outflows:Administrative and Operating Expenses - - 168,323.0 - - Payment of Operating Expenses 29.0 - - 5,294.5 - Payment to Officers and Employees - - - - 148.0 Payment to Suppliers and Employees, Service Providers - - - - 20.4 Other Expenses - - - - 0.3 Payment of Taxes and Licenses - 97.6 - - 196.2 Investment in Securities - - 76,328.6 - - Increase in Receivables - - 8,213.3 - - Increase in Notes Receivable - - 161,580.9 - - Remittance to GSIS/Pag-IBIG/Philhealth - - - 664.9 - Payment of Prepaid Expenses - - - 82.3 - Increase in ROPOA/Acquired Assets - - 6,245.1 - - Dividends Paid - 301.8 - - - Undistributed Collections - - 2,180.9 - -

Total Cash Outflows 29.0 399.4 422,871.8 6,041.8 365.0 Cash Provided by (Used in) Operating Activities 39.6 25.3 (46,161.6) (5,500.7) (312.0)


Income from Public Enterprises/Investments - 211.8 - - - Proceeds from Sale of Securities/Bonds/Stocks - - - 80,000.0 -

Total Cash Inflows - 211.8 - 80,000.0 -

Cash Outflows:Acquisition of Property, Plant and Equipment - - 7,012.2 672.1 - Investment in Retail Treasury Bonds Marketable Securities/Stocks - - - 65,000.0 - Investment in Equity - - 1,500.0 - -

Total Cash Outflows - - 8,512.2 65,672.1 - Cash Provided by (Used in) Investing Activities - 211.8 (8,512.2) 14,327.9 -

Particulars

Financial B ClusterDetailed Statement of Cash Flows,


133

KRC PRC SBGFC NDC-PIC ASDIParticulars

Financial B ClusterDetailed Statement of Cash Flows,



Loans - - 200,000.0 - - Capital Infusion - - - - 9,375.0 Proceeds from Trust Receipts - - 32,047.4 - -

Total Cash Inflows - - 232,047.4 - 9,375.0

Cash Outflows:Payment of Loans Payable - - 126,500.0 - - Dividends Paid - - 34,420.8 - -

Total Cash Outflows - - 160,920.8 - - Cash Provided by (Used in) Financing Activities - - 71,126.6 - 9,375.0

Increase (Decrease) in Cash and Cash Equivalents 39.6 237.1 16,452.8 8,827.2 9,063.0

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated 46.8 199.1 17,523.4 - -

Cash and Cash Equivalents, Ending December 31, 2005 86.4 436.2 33,976.3 8,827.2 9,063.0


134

NMEC BLCI PEATC


Rentals - 1,445.7 - Interest Income - 7.0 - Collection of Income/Revenue 31.3 - - Collection of Receivables - 3.0 - Proceeds on Performance Bond/Other Deposits 24.0 - -

Total Cash Inflows 55.3 1,455.7 -

Cash Outflows:Administrative and Operating Expenses 5,574.3 - - Payment to Officers and Employees - 343.4 - Payment to Suppliers and Employees, Service Providers - 36.8 - Other Expenses - 81.9 - Payment of Taxes and Licenses - 331.1 - Income Tax Paid - 212.6 - Remittance to GSIS/Pag-IBIG/Philhealth 707.8 - - Remittance to BIR - 2.2 -

Total Cash Outflows 6,282.0 1,008.0 - Cash Provided by (Used in) Operating Activities (6,226.7) 447.7 -


Collection from Loans 802.7 - - Total Cash Inflows 802.7 - -

Cash Outflows:Acquisition of Property, Plant and Equipment 752.4 - - Placement of Cash - - 2,360.0 Loan to Officers and Employees 1,584.3 - - Financial Assistance Granted to Distressed Banks - - - Construction Cost/Capital expenditures 1,131.3 - -

Total Cash Outflows 3,468.0 - 2,360.0 Cash Provided by (Used in) Investing Activities (2,665.3) - (2,360.0)


Capital Infusion 21,500.0 - - Proceeds from Trust Receipts - - - Interest - 440.6 108.5

Total Cash Inflows 21,500.0 440.6 108.5

Particulars

Financial B ClusterStatement of Cash Flows


135

NMEC BLCI PEATCParticulars

Financial B ClusterStatement of Cash Flows


Cash Outflows:Placement in Short-Term Investment - 1,340.6 - Interest Expense - - 8.8

Total Cash Outflows - 1,340.6 8.8 Cash Provided by (Used in) Financing Activities 21,500.0 (900.0) 99.7

Increase (Decrease) in Cash and Cash Equivalents 12,607.9 (452.3) (2,260.3)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated - 1,880.4 2,324.0

Cash and Cash Equivalents, Ending December 31, 2005 12,607.9 1,428.1 63.6


136

PUBLIC UTILITIES CLUSTER National Power Corporation Power Sector Assets & Liabilities Management Corporation Local Water Utilities Administration Metropolitan Waterworks and Sewerage System National Electrification Administration Philippine National Oil Company PNOC Development and Management Corporation PNOC Exploration Corporation PNOC Malampaya Production Corporation PNOC Energy Development Corporation PNOC Petrochemical Development Corporation PNOC Shipping and Transport Corporation PNOC Coal Corporation Philippine Postal Corporation Philippine Postal Savings Bank Light Rail Transit Authority Philippine National Railways

TOTAL LRTA LWUA MWSS

Current Assets 270,385,984.1 1,465,666.6 1,922,488.1 4,790,828.6 Cash on Hand 403,466.0 14,335.4 68,074.9 2,192.5

Cash - Collecting Officers 201,427.6 13,480.4 58,770.2 37.5 Cash - Disbursing Officers 191,065.2 855.1 9,304.7 1,600.2 Petty Cash Fund 9,438.7 - - 554.8 Other Cash Accounts 1,534.5 - - -

Cash in Bank 16,343,257.1 195,568.3 628.1 4,124,960.4 Cash - National Treasury, MDS 157,802.3 - - - Cash - Bangko Sentral Ng Pilipinas 61,098.1 - - 37,615.9 Cash in Bank - Local Currency, Current Account 2,496,324.0 191,081.0 628.1 64,893.2 Cash in Bank - Local Currency, Savings Account 2,007,910.9 - - 44,432.7 Cash in Bank - Local Currency, Time Deposits 7,394,404.9 629.0 - 811,165.6 Cash in Bank - Foreign Currency, Current Account 26,041.0 2,147.3 - - Cash in Bank - Foreign Currency, Savings Account 764,465.3 - - 43,142.8 Cash in Bank - Foreign Currency, Time Deposits 3,435,183.5 1,710.9 - 3,123,710.2 Other Cash in Bank 27.0 - - -

Short Term Investments 22,673,874.6 6,540.4 32,196.6 - Marketable Securites 637,302.1 - - - Other Short Term Investments 22,036,572.4 6,540.4 32,196.6 -

Receivables - net 193,120,032.1 376,393.4 1,568,041.7 348,192.6 Accounts Receivable 126,897,147.9 7,070.5 312,982.3 1,221,373.7 Notes Receivable 1,573.6 - - - Due from Officers and Employees 1,318,261.8 192.8 3,304.1 - Loans Receivables - GOCCs 786,521.8 - 337,521.8 - Loans Receivables - LGUs 8,291.2 - - - Loans Receivables - Others 19,644,913.0 - 391,623.8 - Interest Receivable 6,124,882.8 - 414,378.7 - Due from National Treasury 161,763.4 6.9 - - Due from NGAs 2,758,353.4 - 19,013.5 6,988.1 Due from GOCCs 12,989,216.4 1,169.8 2,348.2 281.8 Due from LGUs 539.4 - - 13.0 Due from Central Office/Home Office 127.3 - - - Due from Regional Offices/Staff Bureaus/Branch Offices 825,637.3 - - - Due from Other Funds 307,885.3 307,885.3 - - Due from Subsidiaries/Affiliates 19,179,998.5 - - - Receivables - Disallowances/Charges 118,628.8 35,300.4 - - Other Receivables 14,376,720.7 24,767.7 219,767.6 252,715.4 Allowance for Doubtful Accounts (12,380,430.7) - (132,898.4) (1,133,179.4)

Inventories, net 22,766,306.8 756,504.4 2,058.5 261.1 Work-in-Process Inventory 2,836.3 - - - Merchandise Inventory 283,685.9 - - - Office Supplies Inventory 8,111,257.6 2,158.4 773.8 261.1 Accountable Forms Inventory 780,275.0 - - - Drugs and Medicines Inventory 45.1 - - - Medical, Dental and Laboratory Supplies Inventory 262.0 - 238.7 - Gasoline, Oil, Lubricants and Other Fuel Inventory 2,794,168.6 - - - Textbooks and Instructional Materials Inventory 12.0 - - - Other Supplies Inventory 8,267,874.7 4,507.0 20.2 - Spare Parts Inventory 1,789,536.0 749,839.0 - - Construction Materials Inventory 1,389.4 - 1,025.8 - Land and Other Property Held for Sale 757,954.3 - - - Allowance for Obsolescence (22,990.2) - - -

ACCOUNT TITLE

ASSETS

Public Utilities ClusterDetailed Balance Sheet


137

TOTAL LRTA LWUA MWSSACCOUNT TITLE



Prepayments and Deferred Charges 13,372,886.7 23,302.3 251,488.4 304,493.6 Prepaid Rent 2,474.2 - - - Prepaid Insurance 93,353.2 - - - Prepaid Interest 1,375.9 - - - Deposit on Letters of Credit 2,888.3 - - 2,888.3 Advances to Contractors 1,277,388.7 - 148,849.2 297,742.3 Deferred Charges 411,251.8 - 1,704.9 - Deferred Exploration and Development Cost 4,332,926.9 - 47,909.2 - Deferred Interest Charges 794,927.0 - - - Deferred Bank Charges 32,458.1 - - - Deferred Tax Assets 5,164,571.1 - 52,440.9 - Other Prepaid Expenses 1,259,271.3 23,302.3 584.2 3,863.0

Other Current Assets 1,706,160.9 93,022.3 - 10,728.4 Guaranty Deposits 970,557.5 93,022.3 - 10,728.4 Other Current Assets 735,603.5 - - -

Investments - net 71,650,262.7 36,414.0 14,553,886.7 8,754,046.7 Investment in Treasury Bills 2,033,992.1 - - - Investment in Stocks 520,204.6 - - 1,833.7

Investments in Bonds 20,747,068.4 - 289,897.3 372.7 Other Investments and Marketable Securities 2,922,791.8 36,414.0 - - Investments in Joint Ventures/Subsidiaries/Ous 20,736,246.7 - - - Receivables - Long Term 23,156,895.5 - 14,263,989.4 8,509,639.6 Sinking Fund 321,833.3 - - 29,510.4 Investment Property 998,540.1 - - - Other Long term Investments 212,690.3 - - 212,690.3

Property, Plant and Equipment - net 983,919,667.3 39,432,773.8 95,024.3 48,739,313.2 Land and Land Improvements 611,320,667.0 522,515.5 1,664.6 12,782,929.8

Land 31,087,720.5 522,515.5 - 12,782,929.8 Land Improvements 503,748.0 - 1,664.6 - Railways 7,136,335.4 - - - Electrification, Power and Energy Structures 572,592,863.1 - - -

Building 75,007,210.6 3,568,275.1 113,072.7 53,916,341.0 Office Buildings 18,180,962.0 - 113,072.7 1,073,512.0 Other Structures 56,826,248.6 3,568,275.1 - 52,842,829.0

Leasehold Improvements 28,024.4 - - - Leasehold Improvements, Land 19,164.5 - - - Other Leasehold Improvements 8,859.9 - - -

Office Equipment, Furniture and Fixtures 4,457,660.0 420,220.3 44,638.9 399,538.3 Office Equipment 1,360,171.3 420,220.3 18,223.5 160,233.1 Furniture and Fixtures 838,204.0 - - - IT Equipment and Software 2,256,330.6 - 26,415.4 238,632.6 Library Books 2,954.1 - - 672.6

Machinery and Equipment 19,705,749.3 6,637,709.9 108,136.6 799,124.4 Machinery 130,069.4 - - - Communication Equipment 775,264.4 - - 186,285.8 Construction and Heavy Equipment 1,619,941.9 - 95,736.4 - Firefighting Equipment and Accessories 25,488.8 - - - Medical, Dental and Laboratory Equipment 78,064.9 - 12,400.1 56,358.4 Military and Police Equipment 8.2 - - 8.2 Sports Equipment 60.2 - - 60.2 Technical and Scientific Equipment 200,823.2 - - 99,204.9 Other Machinery and Equipment 16,876,028.3 6,637,709.9 - 457,206.9

138




Transportation Equipment 5,481,661.0 - 29,237.6 327,884.7 Motor Vehicles 2,497,943.5 - 29,237.6 327,884.7 Trains 2,983,704.2 - - - Other Transportation Equipment 13.2 - - -


Accumulated Depreciation (544,330,538.3) (5,007,866.6) (208,089.9) (27,876,798.4)

Construction in Progress 72,104,504.4 33,291,919.5 - 8,390,293.4 Construction in Progress - Agency Assets 72,104,504.4 33,291,919.5 - 8,390,293.4

Intangible Assets 2,178.1 - - - Development Cost 2,178.1 - - -

Other Assets 108,254,109.1 229,674.5 2,590.1 919,569.3 Arts, Archeological Specimens and Other Exhibits 324.6 - - - Items in Transit 6,958.9 - - - Restricted Funds/Assets 2,060,732.6 - - - Other Assets 106,186,092.9 229,674.5 2,590.1 919,569.3

1,434,212,201.3 41,164,528.8 16,573,989.2 63,203,757.7

Current Liabilities 238,701,470.5 2,797,280.8 1,642,550.3 2,883,828.8 Accounts Payable 54,032,783.7 247,091.1 103,779.0 842,755.4 Deposit Liabilities 2,657,865.2 - - - Notes Payable 213,900.0 - 213,900.0 - Dividend Payable 335,923.8 - - - Loans Payable 20,636,939.8 871,159.8 548,635.8 576,525.2 Interest Payable 10,367,277.8 404,558.6 2,977.4 - Accrued Expenses Payable 527,399.2 - 133,311.5 353,514.5 Income Tax Payable 2,319.1 - - - Due to Officers and Employees 4,891,936.1 - 3,870.3 117,865.6 Due to National Treasury 27,926,857.7 - 177,193.1 695,308.8 Due to BIR 4,293,372.2 - 57,055.2 63,757.9 Due to SSS 1,759.7 - - - Due to GSIS 177,405.5 - 8,335.6 2,743.2 Due to PAG-IBIG 25,816.8 - - - Due to PHILHEALTH 7,114.8 - - - Due to Other NGAs 725,275.7 16,589.5 196,877.4 - Due to Other GOCCs 9,512,468.7 523,346.4 1,448.5 - Due to LGUs 1,840,738.3 663,031.5 - - Due to Central Office/Home Office (1,291,925.3) - - - Due to Regional Offices/Staff Bureaus/Branch Offices 6,376.8 - - - Due to Other Funds 6,572.4 - - - Due to Subsidiaries/Affiliates 9,667,360.8 - - - Guaranty Deposits Payable 6,824,490.1 - 155,919.7 37,831.2 Performance/Bidders/Bail Bonds Payable 36,248.8 - - 5,716.2 Tax Refunds Payable 1.4 - - - Short Term Loans Payable 4,616,888.2 - - - BOT Obligations 5,058,280.5 - - - Other Payables 75,600,022.8 71,503.9 39,246.8 187,810.8


TOTAL ASSETS

139




Long-Term Liabilities 1,119,479,301.3 41,350,479.8 10,407,665.8 22,536,545.2 Bonds Payable - Domestic 29,494,862.1 881,862.1 - - Bonds Payable – Foreign 160,447,868.6 - - - Loans Payable - Domestic 11,613,441.6 6,168,901.4 725,000.0 606,885.0 Loans Payable – Foreign 263,671,374.5 34,299,716.4 9,682,665.8 21,735,554.9 Other Long-Term Liabilities 654,251,754.5 - - 194,105.3

1,358,180,771.8 44,147,760.6 12,050,216.1 25,420,374.0

Deferred Credits 21,653,002.8 9,103.1 298,317.3 1,904,545.5 Deferred Tax Liability 498,845.5 - 123,618.0 - Deferred Interest Income 140,262.4 - 14,290.5 - Deferred Installment Income 186,428.2 - - - Other Deferred Credits 20,827,466.7 9,103.1 160,408.8 1,904,545.5

EQUITY Government Equity 10,755,518.7 - 61,370.3 - Capital Stock 58,649,374.9 2,985,539.2 2,500,000.0 6,095,486.8 Paid in Capital in Excess of Par Value 22,425.0 - - - Restricted Capital/Equity 145,802.4 35,493.2 - - Appraisal Capital 173,946,821.5 304.8 - 28,656,079.6 Treasury Stock (734.9) - - - Donated Capital 7,853,930.5 338.0 2,653,432.0 1,046,971.0 Retained Earnings (196,994,711.2) (6,014,010.1) (989,346.5) 80,300.9

54,378,426.7 (2,992,334.9) 4,225,455.8 35,878,838.2

1,434,212,201.3 41,164,528.8 16,573,989.2 63,203,757.7



TOTAL LIABILITIES

TOTAL EQUITY

140

NEA NPC PNOC PNR

Current Assets 20,050,927.3 174,227,820.4 46,629,381.0 656,290.8 Cash on Hand 6,582.4 56,587.9 6,344.4 9,173.3

Cash - Collecting Officers 6,467.5 29,629.4 1,250.0 4,109.6 Cash - Disbursing Officers - 26,958.5 - 4,100.3 Petty Cash Fund 114.9 - 5,094.4 963.4

Cash in Bank 816,525.9 2,355,124.0 734,886.0 56,295.5 Cash - National Treasury, MDS - 157,802.3 - - Cash in Bank - Local Currency, Current Account 591,189.4 617,052.8 6,221.1 4,587.2 Cash in Bank - Local Currency, Savings Account 193,434.3 1,527,673.4 27,227.0 51,708.3 Cash in Bank - Local Currency, Time Deposits - - 147,005.0 - Cash in Bank - Foreign Currency, Current Account - - 23,893.7 - Cash in Bank - Foreign Currency, Savings Account 14,358.5 52,595.6 530,520.6 - Cash in Bank - Foreign Currency, Time Deposits 17,543.6 - - - Other Cash in Bank - - 18.5 -

Short Term Investments - 17,778,145.3 4,821,048.9 - Marketable Securites - - 637,302.1 - Other Short Term Investments - 17,778,145.3 4,183,746.7 -

Receivables - net 19,076,015.6 132,679,370.2 27,429,627.1 507,546.5 Accounts Receivable - 114,565,558.5 8,005,502.1 10,831.7 Notes Receivable - - 1,573.6 - Due from Officers and Employees 1,228.5 14,056.2 59,533.6 504,001.2 Loans Receivables - GOCCs - - - - Loans Receivables - LGUs 8,291.2 - - - Loans Receivables - Others 18,760,128.5 - - - Interest Receivable 14,321.2 5,453,868.6 188,943.9 - Due from NGAs 6,878.4 2,451,985.3 131,006.5 - Due from GOCCs 235,687.0 7,356,276.6 - - Due from Reg'l. Offices/Staff Bureaus/Branch Offices

2,534.7 - - - Due from Subsidiaries/Affiliates - - 19,019,444.6 - Receivables - Disallowances/Charges 514.3 - - - Other Receivables 57,134.9 13,686,001.2 129,896.4 - Allowance for Doubtful Accounts (10,703.1) (10,848,376.2) (106,273.5) (7,286.4)

Inventories - net 148,844.6 18,967,223.0 1,839,436.3 81,625.9 Work-in-Process Inventory - - - 2,836.3 Merchandise Inventory 147,485.8 - 96,641.8 - Office Supplies Inventory 1,321.1 7,976,923.1 - 1,120.0 Accountable Forms Inventory - - - 1,855.4 Gasoline, Oil, Lubricants and Other Fuel Inventory - 2,747,332.8 34,169.5 5,843.0 Textbooks and Instructional Materials Inventory - - - - Other Supplies Inventory 37.6 8,242,967.0 16,898.0 4.5 Spare Parts Inventory - - 956,762.9 69,699.2 Construction Materials Inventory - - - 267.6 Land and Other Property Held for Sale - - 757,954.3 - Allowance for Obsolescence - - (22,990.2) -

Prepayments and Deferred Charges 2,958.9 1,527,078.9 11,065,043.8 1,434.7 Prepaid Rent - - 1,222.5 - Prepaid Insurance 2,785.8 44,026.2 46,400.0 11.1 Prepaid Interest - - - 1,375.9 Advances to Contractors - 321,020.3 510,664.1 - Deferred Charges - - 216,938.9 - Deferred Exploration and Development Cost - - 4,285,017.7 - Deferred Interest Charges - - 794,927.0 - Deferred Bank Charges - - 32,458.1 - Deferred Tax Assets - - 5,112,115.6 - Other Prepaid Expenses 173.1 1,162,032.4 65,299.9 47.7

Other Current Assets - 864,291.1 732,994.5 214.8 Guaranty Deposits - 864,291.1 28.5 - Other Current Assets - - 732,966.0 214.8



ACCOUNT TITLE

ASSETS

141

NEA NPC PNOC PNR



ACCOUNT TITLE

Investments - net - 10,399.5 31,972,831.9 - Investment in Treasury Bills - - 2,033,992.1 - Investment in Stocks - - 42,152.5 -

Investments in Bonds - 720.0 4,734,323.9 - Other Investments and Marketable Securities - 9,679.5 2,751,987.2 - Investments in Joint Ventures/Subsidiaries/Ous - - 20,736,246.7 - Receivables - Long Term - - 383,266.5 - Sinking Fund - - 292,322.9 - Investment Property - - 998,540.1 -

Property, Plant and Equipment - net 503,489.6 818,434,873.3 62,531,201.0 11,684,874.0 Land and Land Improvements 46,522.6 557,417,456.4 32,389,243.3 7,845,728.2

Land 45,730.2 14,091,796.0 2,653,325.2 704,005.9 Land Improvements 792.4 - 468,715.4 5,386.9 Railways - - - 7,136,335.4 Electrification, Power and Energy Structures - 543,325,660.4 29,267,202.7 -

Building 285,010.8 - 14,647,549.2 1,212,388.6 Office Buildings 285,010.8 - 14,234,110.8 1,212,388.6 Other Structures - - 413,438.4 -

Leasehold Improvements 2,476.9 - 16,822.2 - Leasehold Improvements, Land 2,476.9 - 16,687.6 - Other Leasehold Improvements - - 134.6 -

Office Equipment, Furniture and Fixtures 79,499.5 1,590,618.3 356,086.0 22,025.9 Office Equipment 11,715.2 269,076.7 151,412.3 21,998.0 Furniture and Fixtures 12,794.8 - 20,388.0 28.0 IT Equipment and Software 54,593.4 1,321,541.7 184,285.8 - Library Books 396.1 - - -

Machinery and Equipment 4,847.8 9,899,700.8 2,006,693.6 215,224.7 Machinery - - - 126,551.3 Communication Equipment 4,838.4 457,655.3 46,075.9 62,871.2 Construction and Heavy Equipment - - 1,524,205.5 - Firefighting Equipment and Accessories - - 25,488.8 - Medical, Dental and Laboratory Equipment 9.4 - 9,003.7 - Technical and Scientific Equipment - - 98,960.8 - Other Machinery and Equipment - 9,442,045.5 302,958.9 25,802.2

Transportation Equipment 33,213.4 1,506,997.7 336,016.1 3,037,028.0 Motor Vehicles 33,213.4 1,506,997.7 336,016.1 53,323.8 Trains - - - 2,983,704.2

Other Property, Plant and Equipment 233,464.3 703,443,950.7 35,747,062.1 710,189.1 Other Property, Plant and Equipment 233,464.3 703,443,950.7 35,747,062.1 710,189.1

Accumulated Depreciation (181,545.6) (484,475,800.1) (23,576,792.2) (2,119,531.9)

Construction in Progress - 29,051,949.5 608,520.7 761,821.3 Construction in Progress - Agency Assets - 29,051,949.5 608,520.7 761,821.3

Intangible Assets - - 2,178.1 - Development Cost - - 2,178.1 -

Other Assets 59,907.5 86,073,468.2 2,659,680.2 141,665.5 Items in Transit - - - 6,958.9 Restricted Funds/Assets - 2,060,624.0 108.6 - Other Assets 59,907.5 84,012,844.2 2,659,571.6 134,706.6

20,614,324.5 1,078,746,561.4 143,795,272.2 12,482,830.3 TOTAL ASSETS

142

NEA NPC PNOC PNR



ACCOUNT TITLE

Current Liabilities 12,751,643.6 162,907,637.4 28,986,018.3 15,786,960.6 Accounts Payable 6,840.3 46,109,516.9 3,513,901.7 215,597.7 Dividend Payable - 30,215.8 305,707.9 - Loans Payable - 17,000,610.8 1,640,008.2 - Interest Payable 193,389.0 8,835,683.9 877,996.4 - Accrued Expenses Payable - - 23,814.2 - Income Tax Payable - - 2,319.1 - Due to Officers and Employees 8,007.1 4,180,380.4 15,753.5 199,907.0 Due to National Treasury 12,433,343.7 - 25,350.4 14,595,661.8 Due to BIR 10,868.8 1,795,572.1 2,256,672.1 70,752.4 Due to SSS - - 1,759.7 - Due to GSIS 1,836.2 121,121.1 442.1 2,379.8 Due to PAG-IBIG 884.0 18,447.9 284.2 - Due to PHILHEALTH 19.4 1,145.4 431.2 1,520.9 Due to Other NGAs - - 228,786.1 - Due to Other GOCCs - 7,035,942.0 200,000.0 3,615.5 Due to LGUs - 764,369.4 413,195.0 - Due to Other Funds - 5,945.1 - - Due to Subsidiaries/Affiliates - - 9,367,448.1 - Guaranty Deposits Payable 6,446.3 6,573,745.0 1,749.6 47,579.7 Performance/Bidders/Bail Bonds Payable 25,370.2 - - - Short Term Loans Payable - - 4,616,888.2 - BOT Obligations - - 5,058,280.5 - Other Payables 64,638.7 70,434,941.6 435,230.1 649,945.9

Long-Term Liabilities 8,200,762.6 925,051,112.3 64,748,701.7 4,441,190.3 Bonds Payable - Domestic - 28,613,000.0 - - Bonds Payable – Foreign - 132,641,843.6 - - Loans Payable - Domestic - - 1,304,709.7 2,807,945.6 Loans Payable – Foreign 8,200,762.6 135,989,403.6 52,130,026.5 1,633,244.7 Other Long-Term Liabilities - 627,806,865.1 11,313,965.6 -

20,952,406.2 1,087,958,749.8 93,734,720.0 20,228,150.9

Deferred Credits 142,205.5 12,198,489.2 6,867,934.5 139,277.3 Deferred Tax Liability - - 375,227.4 - Deferred Interest Income - - 125,971.9 - Deferred Installment Income - - 186,428.2 - Other Deferred Credits 142,205.5 12,198,489.2 6,180,306.9 139,277.3

EQUITY Government Equity 5,227,000.3 1,883,061.9 - - Capital Stock - 27,048,870.8 18,206,895.4 1,500,000.0 Paid in Capital in Excess of Par Value - - 22,425.0 - Restricted Capital/Equity - - 110,309.1 - Appraisal Capital - 143,789,793.3 467,170.8 1,023,588.0 Treasury Stock - - (734.9) - Donated Capital - 4,021,996.9 130,289.3 903.3 Retained Earnings (5,707,287.4) (198,154,400.4) 24,256,263.0 (10,409,089.2)

TOTAL EQUITY (480,287.2) (21,410,677.5) 43,192,617.7 (7,884,597.9)

20,614,324.5 1,078,746,561.4 143,795,272.2 12,482,830.3




TOTAL LIABILITIES

143

PPC PPSBI PSALM

Current Assets 6,575,344.3 1,843,287.4 12,223,949.5 Cash on Hand 238,461.1 1,663.5 50.6

Cash - Collecting Officers 87,655.0 - 28.1 Cash - Disbursing Officers 148,246.4 - - Petty Cash Fund 2,559.7 129.0 22.5 Other Cash Accounts - 1,534.5 -

Cash in Bank 1,240,617.3 33,286.7 6,785,364.9 Cash - Bangko Sentral Ng Pilipinas - - 23,482.3 Cash in Bank - Local Currency, Current Account 953,863.3 33,286.7 33,521.2 Cash in Bank - Local Currency, Savings Account 163,395.1 - 40.1 Cash in Bank - Local Currency, Time Deposits - - 6,435,605.3 Cash in Bank - Foreign Currency, Savings Account 123,358.9 - 488.9 Cash in Bank - Foreign Currency, Time Deposits - - 292,218.7 Other Cash in Bank - - 8.4

Short Term Investments - 35,943.4 - Other Short Term Investments - 35,943.4 -

Receivables - net 4,126,653.3 1,698,785.3 5,309,406.3 Accounts Receivable 2,767,838.0 5,991.1 - Due from Officers and Employees 69,579.8 666,144.3 221.3 Loans Receivables - GOCCs - 449,000.0 - Loans Receivables - Others - 493,160.8 - Interest Receivable - 28,851.9 24,518.6 Due from National Treasury 161,756.5 - - Due from NGAs 122,996.2 - 19,485.4 Due from GOCCs 107.0 128,165.4 5,265,180.6 Due from LGUs 526.4 - - Due from Central Office/Home Office 127.3 - - Due from Regional Offices/Staff Bureaus/Branch Offices 823,102.6 - - Due from Subsidiaries/Affiliates 160,553.9 - - Receivables - Disallowances/Charges 82,814.1 - - Other Receivables 3,108.4 3,328.7 0.5 Allowance for Doubtful Accounts (65,856.9) (75,856.9) -

Inventories - net 964,724.6 3,333.4 2,295.0 Merchandise Inventory 39,558.3 - - Office Supplies Inventory 123,071.7 3,333.4 2,295.0 Accountable Forms Inventory 778,419.6 - - Drugs and Medicines Inventory 45.1 - - Medical, Dental and Laboratory Supplies Inventory 23.3 - - Gasoline, Oil, Lubricants and Other Fuel Inventory 6,823.3 - - Textbooks and Instructional Materials Inventory 12.0 - - Other Supplies Inventory 3,440.4 - - Spare Parts Inventory 13,234.9 - - Construction Materials Inventory 96.0 - -

Prepayments and Deferred Charges 2,048.0 70,275.1 124,763.0 Prepaid Rent 30.5 - 1,221.2 Prepaid Insurance 130.2 - - Advances to Contractors (887.1) - - Deferred Charges 2,422.8 66,645.4 123,539.8 Deferred Tax Assets - 14.7 - Other Prepaid Expenses 351.6 3,615.0 2.0



ACCOUNT TITLE

ASSETS

144

PPC PPSBI PSALM



ACCOUNT TITLE

Other Current Assets 2,840.0 - 2,069.8 Guaranty Deposits 417.4 - 2,069.8 Other Current Assets 2,422.7 - -

Investments - net 600,858.5 983,873.5 14,737,952.1 Investment in Stocks 476,218.3 - -

Investments in Bonds - 983,802.6 14,737,952.1 Other Investments and Marketable Securities 124,640.1 70.9 -

Property, Plant and Equipment - net 2,353,711.0 75,636.3 68,770.6 Land and Land Improvements 314,606.5 - -

Land 287,417.8 - - Land Improvements 27,188.7 - -

Building 1,264,573.2 - - Office Buildings 1,262,867.1 - - Other Structures 1,706.1 - -

Leasehold Improvements - 8,725.3 - Other Leasehold Improvements - 8,725.3 -

Office Equipment, Furniture and Fixtures 1,320,861.9 126,951.6 97,219.1 Office Equipment 306,320.4 - 971.9 Furniture and Fixtures 752,481.2 37,407.5 15,104.6 IT Equipment and Software 260,700.5 89,544.1 80,617.2 Library Books 1,359.9 - 525.4

Machinery and Equipment 32,605.5 - 1,706.1 Machinery 3,518.1 - - Communication Equipment 15,895.8 - 1,642.1 Medical, Dental and Laboratory Equipment 293.3 - - Technical and Scientific Equipment 2,657.4 - - Other Machinery and Equipment 10,240.9 - 64.0

Transportation Equipment 192,439.1 9,503.7 9,340.7 Motor Vehicles 192,425.9 9,503.7 9,340.7 Other Transportation Equipment 13.2 - -

Other Property, Plant and Equipment 3,699.0 - - Other Property, Plant and Equipment 3,699.0 - -

Accumulated Depreciation (775,074.2) (69,544.2) (39,495.2)

Other Assets 128,150.3 360,463.8 17,678,939.6 Arts, Archeological Specimens and Other Exhibits 324.6 - - Other Assets 127,825.7 360,463.8 17,678,939.6

9,658,064.2 3,263,261.0 44,709,611.9 TOTAL ASSETS

145

PPC PPSBI PSALM



ACCOUNT TITLE

Current Liabilities 6,215,771.2 2,861,409.0 1,868,370.5 Accounts Payable 2,963,222.3 14,792.1 15,287.2 Deposit Liabilities - 2,657,865.2 - Interest Payable - - 52,672.6 Accrued Expenses Payable - 16,759.1 - Due to Officers and Employees 361,933.5 - 4,218.8 Due to National Treasury (0.1) - - Due to BIR 28,937.6 2,425.5 7,330.6 Due to GSIS 38,964.7 - 1,582.9 Due to PAG-IBIG 6,131.8 24.7 44.1 Due to PHILHEALTH 3,833.8 86.3 77.8 Due to Other NGAs 283,022.7 - - Due to Other GOCCs 8,800.3 - 1,739,316.0 Due to LGUs 142.4 - - Due to Central Office/Home Office (1,291,925.3) - - Due to Regional Offices/Staff Bureaus/Branch Offices 67.1 6,309.6 - Due to Other Funds 627.3 - - Due to Subsidiaries/Affiliates 299,912.7 - - Guaranty Deposits Payable 918.6 - 299.8 Performance/Bidders/Bail Bonds Payable 2,872.2 - 2,290.2 Tax Refunds Payable 1.4 - - Other Payables 3,508,308.1 163,146.4 45,250.5

Long-Term Liabilities 619,390.5 - 42,123,453.1 Bonds Payable – Foreign - - 27,806,025.0 Other Long-Term Liabilities 619,390.5 - 14,317,428.1

6,835,161.6 2,861,409.0 43,991,823.6


EQUITY Government Equity 3,584,086.2 - - Capital Stock 12,582.7 300,000.0 - Appraisal Capital 9,885.0 - - Retained Earnings (842,813.5) 67,883.7 717,788.3

2,763,740.5 367,883.7 717,788.3

9,658,064.2 3,263,261.0 44,709,611.9




TOTAL LIABILITIES

TOTAL EQUITY

146

Income 309,330,410.5 3,373,075.8 1,789,646.6 Permits and Licenses 555.7 - -

Franchising and Licensing Fees 553.4 - - Registration Fees 2.3 - -

Service Income 338,996.6 - 184,405.9 Clearance and Certification Fees 240.4 - - Processing Fees 2.7 - - Training and Seminar Fees 4,030.7 - 4,030.7 Other Service Income 331,261.7 - 176,914.1 Fines and Penalties - Service Income 3,461.1 - 3,461.1

Business Income 203,540,882.1 2,090,817.7 - Hospital Fees 2,375.2 - - Rent Income 409,185.2 32,963.2 - Sales Revenue 197,010,654.1 - - Income from Communication Facilities 0.1 - - Income from Transportation System 2,100,204.7 2,057,854.5 - Income from Waterworks Systems 3,108,883.1 - - Freight Revenue 395,003.5 - - Other Business Income 491,984.4 - - Fines and Penalties - Business Income 22,591.9 - -

Other Income 14,657,751.3 7,313.7 1,605,085.7 Dividend Income 378,897.9 16.3 22.1 Interest Income 5,650,323.0 5,898.5 1,595,226.1 Miscellaneous Income 8,627,884.8 1,399.0 9,837.6 Other Fines and Penalties 645.6 - -

Gain/Premiums 90,792,224.8 1,274,944.3 155.0 Gain/Loss on Foreign Exchange (FOREX) 90,447,831.2 1,271,349.3 - Gain/Loss on Sale of Disposed Assets 341,465.8 3,595.0 155.0 Gain/Loss on Sale of Securities 2,927.8 - -

Expenses 203,233,623.1 3,275,194.0 1,386,865.9 Personal Services 8,296,091.3 354,098.6 417,370.7

Salaries and Wages 4,770,041.8 216,229.1 136,515.2 Other Compensation 1,761,971.6 98,507.2 234,872.1 Personnel Benefit Contributions 690,243.7 30,409.9 38,128.8 Other Personnel Benefits 1,073,834.2 8,952.4 7,854.5

Maintenance and Other Operating Expenses 164,306,916.6 1,819,343.5 486,414.0 Cost of Good Sold 12,478,472.1 - -

Travelling Expenses 258,363.7 102.1 12,336.2 Training and Scholarship Expenses 46,386.6 167.7 1,917.5 Supplies Expenses 666,028.1 15,211.3 24,894.3 Utility Expenses 608,166.6 418,037.9 13,317.5 Communication Expenses 106,855.5 5,462.9 2,079.0 Membership Dues and Contributions to Organizations 9,546.0 - - Awards and Indemnities 403.0 - - Advertising Expenses 21,223.5 464.3 - Printing and Binding Expenses 8,630.6 1,051.5 - Rent Expenses 959,679.1 - 1,023.0 Representation Expenses 29,994.8 942.7 - Transportation and Delivery Expenses 975,784.6 96.1 - Storage Expenses 17.6 - -

Public Utilities ClusterDetailed Statement of Income and Expenses


TOTAL LRTA LWUAACCOUNT TITLE

147



TOTAL LRTA LWUAACCOUNT TITLE

Subscription Expenses 1,654.1 197.3 - Survey Expenses 1,348.5 - - Rewards and Other Claims 768,310.2 - - Professional Services 1,599,010.4 292,651.3 6,646.9 Repairs and Maintenance 435,827.4 134,360.0 4,795.6 Subsidies and Donations 652,101.6 - 60.0 Confidential, Intelligence, Extraordinary and Miscelllaneous 410,841.6 11.3 - Taxes, Insurance, Premiums and Other Fees 1,358,140.7 146,950.8 3,687.4 Bad Debts Expenses 1,179,644.6 1,135.0 126,171.9 Depreciation 17,932,385.0 373,205.1 - Depletion and Obsolescence 552.8 - - Discounts 1,529.9 - - Other Maintenance and Operating Expenses 123,393,836.2 429,296.3 272,783.1 Losses 402,181.5 - 16,701.6

Financial Expenses 30,630,615.2 1,101,751.8 483,081.3 Bank Charges 2,665,123.0 - 5,572.5 Commitment Fees 22,330.6 2,434.5 - Documentary Stamp Expenses 807.9 - - Interest Expenses 27,379,987.9 1,099,317.3 477,508.8 Other Financial Charges 562,365.8 - -

Net Income Before Subsidy 106,096,787.4 97,881.8 402,780.7 Add: Subsidy from Other National Government Agencies 1,021,150.9 16,545.1 -

Subsidy from Subsidiaries/Affiliates 5,758.6 - -

Net Income Before Tax 107,123,696.8 114,426.9 402,780.7 Less: Provision for (Benefit from) Income Tax 4,419,836.9 - 124,341.9

Final and Creditable Withholding Tax 16,686.5 - -

NET INCOME AFTER TAX 102,687,173.4 114,426.9 278,438.8


148

Income 3,676,459.4 718,826.6 253,799,779.7 Service Income - 16,197.0 -

Other Service Income - 16,197.0 -

Business Income 3,161,673.1 - 165,453,462.3 Rent Income 52,790.0 - 10,342.1 Sales Revenue - - 165,443,120.2 Income from Waterworks Systems 3,108,883.1 - -

Other Income 251,106.5 657,436.2 9,290,481.4 Interest Income 225,160.2 648,979.5 1,046,208.2 Miscellaneous Income 25,946.2 8,456.7 8,244,273.2

Gain/Premiums 263,679.8 45,193.4 79,055,836.0 Gain/Loss on Foreign Exchange (FOREX) 263,679.8 42,515.5 78,742,081.3 Gain/Loss on Sale of Disposed Assets - 2,678.0 313,754.7

Expenses 2,535,130.2 1,491,811.8 167,807,042.0 Personal Services 136,503.8 112,187.9 3,613,851.3

Salaries and Wages 44,385.6 57,824.4 2,352,570.1 Other Compensation 65,390.4 38,285.2 620,015.0 Personnel Benefit Contributions 5,731.1 8,362.8 326,616.5 Other Personnel Benefits 20,996.6 7,715.5 314,649.7

Maintenance and Other Operating Expenses 2,032,236.0 425,264.7 141,852,323.6 Travelling Expenses 258.5 12,905.6 185,404.3 Training and Scholarship Expenses 638.0 4,104.5 37,451.6 Supplies Expenses 8,392.7 8,904.6 231,804.8 Utility Expenses 11,450.7 10,504.4 62,608.8 Communication Expenses 2,297.7 4,487.1 58,430.8 Membership Dues and Contributions to Organizations 3,098.9 - - Advertising Expenses 795.9 119.7 12,659.3 Printing and Binding Expenses 689.3 323.2 4,002.1 Rent Expenses 702.3 357.8 692,016.9 Representation Expenses 1,280.3 1,082.8 2,537.1 Transportation and Delivery Expenses - 1.1 12,662.8 Subscription Expenses 90.1 122.5 - Rewards and Other Claims - - 768,092.9 Professional Services 31,268.1 26,858.0 1,009,419.4 Repairs and Maintenance 3,657.0 852.2 221,467.8 Subsidies and Donations 26,520.8 326,428.2 297,592.7 Confidential, Intelligence, Extraordinary and Miscelllaneous 86,583.3 789.2 291,046.1 Taxes, Insurance, Premiums and Other Fees 31,220.9 4,988.4 1,010,658.5 Bad Debts Expenses - 7,550.0 702,526.7 Depreciation 1,821,881.0 12,874.2 15,361,133.5 Other Maintenance and Operating Expenses 1,410.6 2,011.1 120,878,245.0 Losses - - 12,562.4

Financial Expenses 366,390.4 954,359.2 22,340,867.1 Bank Charges 2,638.5 10.6 2,651,521.2 Documentary Stamp Expenses 565.5 0.0 - Interest Expenses 363,186.4 934,610.1 19,592,198.0 Other Financial Charges - 19,738.6 97,147.8

Net Income(Loss) Before Subsidy 1,141,329.2 (772,985.2) 85,992,737.7 Add: Subsidy from Other National Government Agencies - 823,566.0 -

NET INCOME AFTER SUBSIDY 1,141,329.2 50,580.8 85,992,737.7




MWSS NEA NPCACCOUNT TITLE

149

Income 37,478,897.9 888,046.3 3,688,002.5 Permits and Licenses - - 555.7

Franchising and Licensing Fees - - 553.4 Registration Fees - - 2.3

Service Income 15,624.1 - 117,384.0 Clearance and Certification Fees - - 240.4 Processing Fees - - 2.7 Other Service Income 15,624.1 - 117,140.9

Business Income 28,742,584.7 165,756.3 3,564,831.1 Hospital Fees - 2,375.2 - Rent Income 169,858.5 121,030.9 22,195.4 Sales Revenue 28,158,513.1 - 3,408,822.4 Income from Communication Facilities - - 0.1 Income from Transportation System - 42,350.2 - Freight Revenue 395,003.5 - - Other Business Income 19,209.6 - 133,813.3

Other Income 1,904,305.9 1,179.2 4,926.6 Dividend Income 378,848.3 2.3 9.0 Interest Income 1,246,755.9 - 3,413.0 Miscellaneous Income 278,701.8 1,177.0 859.0 Other Fines and Penalties - - 645.6

Gain/Premiums 6,816,383.2 721,110.8 305.0 Gain/Loss on Foreign Exchange (FOREX) 6,816,383.2 700,749.4 - Gain/Loss on Sale of Disposed Assets - 20,361.4 305.0

Expenses 19,763,628.6 1,183,781.4 3,831,153.4 Personal Services 659,377.8 275,549.6 2,547,593.3

Salaries and Wages 104,162.8 195,253.4 1,509,845.3 Other Compensation 16,574.5 45,108.5 630,186.2 Personnel Benefit Contributions 13,678.9 27,419.3 230,633.7 Other Personnel Benefits 524,961.6 7,768.4 176,928.1

Maintenance and Other Operating Expenses 15,953,923.5 167,835.2 1,225,325.1 Cost of Good Sold 12,478,472.1 - -

Travelling Expenses 10,079.2 1,720.6 28,205.8 Training and Scholarship Expenses 522.8 126.2 590.3 Supplies Expenses 228,022.3 38,225.9 102,479.8 Utility Expenses 13,378.0 15,491.8 52,937.2 Communication Expenses 9,023.2 - 13,905.1 Membership Dues and Contributions to Organizations 5,645.9 - 79.8 Awards and Indemnities 32.3 172.9 197.8 Advertising Expenses 4,082.0 - 1,072.1 Printing and Binding Expenses 1,125.1 - 1,439.4 Rent Expenses 231,808.3 - 4,871.4 Representation Expenses 12,306.2 - 1,984.7 Transportation and Delivery Expenses 159,543.6 - 803,234.4 Storage Expenses 17.3 - 0.4 Subscription Expenses 719.2 - 376.9 Survey Expenses 1,348.5 - - Rewards and Other Claims - - 177.3 Professional Services 68,887.3 22,717.3 24,905.6 Repairs and Maintenance 26,405.3 21,676.3 19,484.8



PNOC PNR PPCACCOUNT TITLE

150



PNOC PNR PPCACCOUNT TITLE

Subsidies and Donations 1,022.0 - 398.5 Confidential, Intelligence, Extraordinary and Miscelllaneous 18,321.2 1,032.1 1,770.6 Taxes, Insurance, Premiums and Other Fees 69,545.1 162.0 13,837.4 Bad Debts Expenses 313,196.7 - 15,057.7 Depreciation 152,787.6 65,085.8 109,094.9 Depletion and Obsolescence 552.8 - - Discounts 105.5 1,424.4 - Other Maintenance and Operating Expenses 1,798,902.1 - 4,385.6 Losses 348,071.8 - 24,837.7

Financial Expenses 3,150,327.3 740,396.6 58,235.0 Bank Charges 3,054.7 5.7 332.4 Commitment Fees - 19,896.1 - Documentary Stamp Expenses 0.8 - - Interest Expenses 2,961,234.2 720,494.8 57,895.5 Other Financial Charges 186,037.5 - 7.1

Net Income(Loss) Before Subsidy 17,715,269.3 (295,735.1) (143,150.9) Add: Subsidy from Other National Government Agencies - 181,039.8 -

Subsidy from Subsidiaries/Affiliates - - 5,758.6

Net Income(Loss) Before Tax 17,715,269.3 (114,695.3) (137,392.3) Less: Provision for (Benefit from) Income Tax 4,290,790.0 - -

NET INCOME(LOSS) AFTER TAX 13,424,479.3 (114,695.3) (137,392.3)


151

Income 380,574.6 3,537,101.2 Service Income - 5,385.7

Other Service Income - 5,385.7

Business Income 361,558.5 198.4 Rent Income 5.2 - Sales Revenue - 198.4 Other Business Income 338,961.4 - Fines and Penalties - Business Income 22,591.9 -

Other Income 15,471.6 920,444.4 Interest Income - 878,681.6 Miscellaneous Income 15,471.6 41,762.8

Gain/Premiums 3,544.5 2,611,072.8 Gain/Loss on Foreign Exchange (FOREX) - 2,611,072.8 Gain/Loss on Sale of Disposed Assets 616.7 - Gain/Loss on Sale of Securities 2,927.8 -

Expenses 326,113.3 1,632,902.6 Personal Services 82,605.8 96,952.6

Salaries and Wages 82,605.8 70,650.1 Other Compensation - 13,032.4 Personnel Benefit Contributions - 9,262.7 Other Personnel Benefits - 4,007.4

Maintenance and Other Operating Expenses 145,111.2 199,139.8 Travelling Expenses 4,170.7 3,180.6 Training and Scholarship Expenses - 868.0 Supplies Expenses 5,032.9 3,059.6 Utility Expenses 5,274.5 5,166.0 Communication Expenses 5,902.4 5,267.2 Membership Dues and Contributions to Organizations 674.3 47.0 Advertising Expenses 1,139.8 890.4 Rent Expenses 20,060.8 8,838.6 Representation Expenses 8,718.4 1,142.6 Transportation and Delivery Expenses 246.6 - Subscription Expenses 81.4 66.7 Rewards and Other Claims - 40.0 Professional Services 24,241.2 91,415.3 Repairs and Maintenance 2,308.5 820.0 Subsidies and Donations 79.5 - Confidential, Intelligence, Extraordinary and Miscelllaneous 9,427.8 1,859.9 Taxes, Insurance, Premiums and Other Fees 23,831.6 53,258.7 Bad Debts Expenses 14,006.6 - Depreciation 19,906.2 16,416.8 Other Maintenance and Operating Expenses - 6,802.4 Losses 8.0 -

PPSB PSALMACCOUNT TITLE



152

PPSB PSALMACCOUNT TITLE



Financial Expenses 98,396.3 1,336,810.2 Bank Charges 1,959.9 27.5 Documentary Stamp Expenses 241.6 - Interest Expenses 95,903.6 1,077,639.2 Other Financial Charges 291.3 259,143.5

Net Income Before Tax 54,461.3 1,904,198.6 Less: Provision for (Benefit from) Income Tax 4,704.9 -

Final and Creditable Withholding Tax 16,686.5 -

NET INCOME AFTER TAX 33,069.9 1,904,198.6


153

Government Equity Balance at beginning of the year 10,755,518.7 - 61,370.3 Additions/Deductions - - - Balance at end of the year 10,755,518.7 - 61,370.3

Capital Stock Balance at beginning of the year 58,649,374.9 2,985,539.2 2,500,000.0 Additions/Deductions - - - Balance at end of the year 58,649,374.9 2,985,539.2 2,500,000.0

Donated Capital Balance at beginning of the year 7,848,352.8 338.0 2,647,854.3 Additions/Deductions 5,577.7 - 5,577.7 Balance at end of the year 7,853,930.5 338.0 2,653,432.0

Paid-in Capital in Excess of Par Value Balance at beginning of the year 22,425.0 - - Additions/Deductions - - - Balance at end of the year 22,425.0 - -

Appraisal Capital Balance at beginning of the year 125,922,263.1 231.2 - Additions/Deductions 48,024,558.4 73.6 - Balance at end of the year 173,946,821.5 304.8 -

Treasury Stock Balance at beginning of the year (734.9) - - Additions/Deductions - - - Balance at end of the year (734.9) - -

Restricted Capital Balance at beginning of the year 145,802.4 35,493.2 - Additions/Deductions - - - Balance at end of the year 145,802.4 35,493.2 -

Retained Earnings Balance at beginning of the year (277,974,353.2) (6,068,552.9) (1,230,940.5) Prior Years’ Adjustments (21,398,573.8) (59,884.1) (36,844.8) Net Income/Loss for the year 102,687,173.4 114,426.9 278,438.8 Dividends (308,957.6) - - Balance at end of the year (196,994,711.2) (6,014,010.1) (989,346.5)

Total Equity 54,378,426.7 (2,992,334.9) 4,225,455.8


Particulars Total LRTA LWUA

Public Utilities ClusterDetailed Statement of Changes in EquityFor the Year Ended December 31, 2005

(in thousand pesos)

154

Government Equity Balance at beginning of the year - 5,227,000.3 1,883,061.9 - Additions/Deductions - - - - Balance at end of the year - 5,227,000.3 1,883,061.9 -

Capital Stock Balance at beginning of the year 6,095,486.8 - 27,048,870.8 18,206,895.4 Additions/Deductions - - - - Balance at end of the year 6,095,486.8 - 27,048,870.8 18,206,895.4

Donated Capital Balance at beginning of the year 1,046,971.0 - 4,021,996.9 130,289.3 Additions/Deductions - - - - Balance at end of the year 1,046,971.0 - 4,021,996.9 130,289.3

Paid-in Capital in Excess of Par Value Balance at beginning of the year - - - 22,425.0 Additions/Deductions - - - - Balance at end of the year - - - 22,425.0

Appraisal Capital Balance at beginning of the year 28,656,079.6 - 95,765,308.5 467,170.8 Additions/Deductions - - 48,024,484.8 - Balance at end of the year 28,656,079.6 - 143,789,793.3 467,170.8

Treasury Stock Balance at beginning of the year - - - (734.9) Additions/Deductions - - - - Balance at end of the year - - - (734.9)

Restricted Capital Balance at beginning of the year - - - 110,309.1 Additions/Deductions - - - - Balance at end of the year - - - 110,309.1

Retained Earnings Balance at beginning of the year 2,332,218.6 (5,456,112.3) (265,990,092.8) 10,772,084.0 Prior Years’ Adjustments (3,393,246.8) (301,755.9) (18,157,045.3) 368,657.4 Net Income/Loss for the year 1,141,329.2 50,580.8 85,992,737.7 13,424,479.3 Dividends - - - (308,957.6) Balance at end of the year 80,300.9 (5,707,287.4) (198,154,400.4) 24,256,263.0

Total Equity 35,878,838.2 (480,287.2) (21,410,677.5) 43,192,617.7


PNOC


(in thousand pesos)

Particulars MWSS NEA NPC

155

Government Equity Balance at beginning of the year - 3,584,086.2 - - Additions/Deductions - - - - Balance at end of the year - 3,584,086.2 - -

Capital Stock Balance at beginning of the year 1,500,000.0 12,582.7 300,000.0 - Additions/Deductions - - - - Balance at end of the year 1,500,000.0 12,582.7 300,000.0 -

Donated Capital Balance at beginning of the year 903.3 - - - Additions/Deductions - - - - Balance at end of the year 903.3 - - -

Appraisal Capital Balance at beginning of the year 1,023,588.0 9,885.0 - - Additions/Deductions - - - - Balance at end of the year 1,023,588.0 9,885.0 - -

Retained Earnings Balance at beginning of the year (10,301,304.0) (811,610.7) (31,403.7) (1,188,638.9) Prior Years’ Adjustments 6,910.1 106,189.5 66,217.4 2,228.6 Net Income/Loss for the year (114,695.3) (137,392.3) 33,069.9 1,904,198.6 Dividends - - - - Balance at end of the year (10,409,089.2) (842,813.5) 67,883.7 717,788.3

Total Equity (7,884,597.9) 2,763,740.5 367,883.7 717,788.3


PSALM


(in thousand pesos)

Particulars PNR PPC PPSB

156

TOTAL LRTA LWUA MWSS


Operating Income 181,532,379.3 2,092,167.3 1,051,938.2 1,774,191.0 Collection of Receivables 33,396,327.9 - 271,252.6 - Repayment from Loans 457.9 - - - Income from Investments 720,439.9 - 28,568.3 - Receipt of Savings/Time Deposits from Clients 357,064.2 - - - Other Receipts 3,265,405.4 - 57,961.7 74,264.4 Receipt of Subsidy, Financial Assistance,

Grants & Donations 186,798.4 - - - Proceed from Withdrawal and Sale of

Short-Term Investments/Securities & Bonds 50,469.0 - 50,469.0 - Gain/Proceed from Sale of Assets/Acquired Assets 4,325.5 3,595.0 - - Receipt of Refund from Cash Advance 247,346.8 - - - Proceeds of Insurance 20.7 - - - Collection of Performance/Bidders Bond 8,799,881.4 - - 6,211,990.8


Cash Outflows:Payment of Accounts Payable 223,054.8 - - - Payment of Other Payables 23,497.1 - - - General & Administrative Expenses 125,533,637.8 1,390,614.7 498,730.2 659,553.3 Financial expenses 4,412,057.5 1,103,818.5 394,764.3 708,355.5 Payment of Insured Deposits 2.0 - - - Payment of Other Expenses 406,904.5 - - 22,164.0 Payment of Taxes and Licenses 1,003,567.5 71,211.4 - 9,310.3 Remittances to Various Entities 1,506,051.8 - - - Loans and Advances to Employees 33,018.9 - 28,567.6 - Loan to Electric Cooperatives 2,075,450.2 - - - Payment for Capital Expenditures 2,712.1 - - - Payment of Prior Year's Expenditures 605.8 - - - Prepayments 1,307,923.0 - - - Payment of Refund 4,008.7 - - - Payment for Purchase of Inventories 153,063.4 - - - Financial Assistance 406,328.1 - - 3,527.5 Payment for Arbitration Expense 10,734.5 - - - Loss on Foreign Exchange 6,182.3 - - - Transfer of Funds 1,293,260.0 - - - Net Realized Loss on Sale of Investments 54.5 - - -

Total Cash Outflows 138,402,114.5 2,565,644.6 922,062.0 1,402,910.6 Cash Provided by (Used in) Operating Activities 90,158,801.8 (469,882.3) 538,127.8 6,657,535.6


Proceeds from Maturing Treasury Bills/Bonds Short-Term Investment 2,198,363.1 600.0 - -

Short Term Deposits 77,773,277.3 - - - Subsidy/Financial assistance 51,505.8 - - 51,505.8 Income from Public Enterprises/Investments 491,430.4 - - 201,473.1 Proceeds from Investments/Sinking Fund/Long-term 106,320.2 - - - Decrease/Reduction of Investments from Subsidiaries 377,716.2 - - - Proceeds from Sale of Fixed Assets 107,812.7 - - 198.5

PARTICULARS

Public Utilities ClusterDetailed Statement of Cash Flows, By GOCCs


157

TOTAL LRTA LWUA MWSSPARTICULARS



Other Income 22,161.6 5,914.8 - 11,890.0 Trust Receipts 95.0 - - 95.0 Other Assets/Deferred Charges 23,261.1 - - 4,148.2 Cash Transferred/Received 1,103.1 - - -

Total Cash Inflows 81,153,046.7 6,514.8 - 269,310.7

Cash Outflows:Acquisition of Property, Plant and Equipment 1,523,319.1 2,044.4 6,070.1 7,699.3 Investment in Retail Treasury Bonds

Marketable Securities/Stocks 78,535,602.5 138.9 48,721.9 - Investment in Government and Other Corporations 608.3 - - - Investment in Joint Ventures 89,207.3 - - - Placement for Special Fund/Bonds/Deposits 30,214.4 803.1 - 19,664.2 Loan/Advances Releases 3,213.3 - - - Other Payments 20.5 - - - Construction Cost/Capital expenditures 12,919,114.8 4,831,789.6 - 1,699,009.2 Payment for Various Funded Projects 1,610,910.9 - 1,517,548.3 - Payment of Long Term Liabilities 1,037,491.7 - 135,729.3 901,762.4 Remittance of Tax Withheld 3,897.8 - - 3,897.8 Research and Development Cost 1,209,432.1 - - 50,232.5 Restricted Cash in Sinking Fund 88,495.6 - - - Other Expenses 24,837.7 - - - Fund Transfers 15,855.5 15,855.5 - -

Total Cash Outflows 97,092,221.1 4,850,631.5 1,708,069.6 2,682,265.4 Cash Provided by (Used in) Investing Activities (15,939,174.3) (4,844,116.7) (1,708,069.6) (2,412,954.7)


Proceeds from Borrowings 11,306,888.2 5,348,491.1 1,512,712.7 673,319.1 Principal Payments from Water Districts 32,819.0 - 32,819.0 - Proceeds from Water District Reserve Deposits 38,988.7 - 38,988.7 - Advances from National Government 14,479,417.7 1,136,930.1 - - Advances from Affiliates 1,704,605.3 - - - Bond Floatation 7,491,752.7 - - - Net Issue of Circulating Currency 700,751.6 - - - Equity Received 4,776,860.9 - - -

Total Cash Inflows 40,532,084.2 6,485,421.2 1,584,520.4 673,319.1

Cash Outflows:Payment of Loans/Bonds Payable

Capital Stock Redeemed 27,993,401.2 - - - Dividends Paid 2,166.5 - - - Other Charges to Capital 720,599.0 - - - Payment to National Government 13,800,911.8 - - 34,460.4 Payment of Assumed RECs loans from NEA 1,700,307.2 - - - Advances to National Power Corporation 1,704,605.3 - - -

158

TOTAL LRTA LWUA MWSSPARTICULARS



Payment of Long Term Liabilities 45,033,725.3 1,208,503.0 397,221.6 3,573,575.8 Advances to SRMPP/PEMC 766,829.1 - - - Interest Expense 18,515,615.4 - - - Other Expenses/Payables 68,146.6 - - - Adjustments 1,054,573.1 - - -

Total Cash Outflows 111,360,880.4 1,208,503.0 397,221.6 3,608,036.1 Cash Provided by (Used in) Financing Activities (70,828,796.2) 5,276,918.2 1,187,298.8 (2,934,717.1)

Effects of Exchange Rate Changes on Cash and Cash Equivalents 213,411.0 - - 252,737.0

Increase (Decrease) in Cash and Cash Equivalents 3,604,242.2 (37,080.8) 17,356.9 1,562,600.9

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated 36,111,374.9 246,984.5 421,064.5 2,564,552.0

Cash and Cash Equivalents, Ending December 31, 2005 39,715,617.1 209,903.7 438,421.4 4,127,152.9


159

NEA NPC PNOC PNR


Operating Income 314,570.5 167,917,466.1 4,707,145.6 757,199.0 Collection of Receivables 3,279,236.4 2,331,668.7 27,484,574.9 - Income from Investments - 691,866.3 5.2 - Other Receipts 25,148.7 - 53,400.2 - Receipt of subsidy, financial assistance, grants & donations - - - 181,039.8 Receipt of Refund from Cash Advance 120.3 245,920.9 - - Proceeds of Insurance 1.5 - 19.2 - Collection of Performance/Bidders Bond 152.2 - - 760,786.6


Cash Outflows:Payment of Accounts Payable - - 563.3 - Payment of Other Payables 19,042.1 - - - General & Administrative Expenses 101,222.3 107,643,997.1 10,608,810.5 441,960.4 Financial expenses - 1,158.3 2,109,179.9 - Payment of Other Expenses 6,470.7 - - - Payment of Taxes and Licenses 63.8 242,251.4 657,806.0 - Remittances to Various Entities 23,571.7 1,223,240.0 242.0 - Loans and Advances to Employees 4,451.3 - - - Loan to Electric Cooperatives 2,075,450.2 - - - Prepayments 118.3 1,293,676.2 - - Payment of Refund 292.7 - - 1,424.4 Financial Assistance 287,385.7 115,414.8 - - Transfer of Funds 3.4 - - - Net Realized Loss on Sale of Investments - - 54.5 -

Total Cash Outflows 2,518,072.3 110,519,737.8 13,376,656.2 443,384.8 Cash Provided by (Used in) Operating Activities 1,101,157.4 60,667,184.2 18,868,488.9 1,255,640.6


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment - - 79,763.1 - Income from Public Enterprises/Investments - 289,675.1 - - Proceeds from Investments/Sinking Fund/Long-term - - 106,320.2 - Decrease/Reduction of Investments from Subsidiaries - - 377,716.2 - Proceeds from Sale of Fixed Assets 187.4 - 31,554.9 74,950.2 Cash Transferred/Received - - 1,103.1 -

Total Cash Inflows 187.4 289,675.1 596,457.6 74,950.2

Cash Outflows:Acquisition of Property, Plant and Equipment 1,043.3 248,430.7 467,306.2 760,786.6 Investment in Retail Treasury Bonds/Marketable Securities/Stocks - - 1,024,015.1 - Investment in Government and Other Corporations - 608.3 - - Investment in Joint Ventures - - 89,207.3 -

PARTICULARS



160

NEA NPC PNOC PNRPARTICULARS



Placement for Special Fund/Bonds/Deposits - - 9,747.1 - Other Payments 20.5 - - - Construction Cost/Capital expenditures - 6,150,793.5 237,522.5 - Payment for Various Funded Projects - - 93,362.5 - Research and Development Cost - - 1,159,199.6 - Restricted Cash in Sinking Fund - - 88,495.6 -

Total Cash Outflows 1,063.8 6,399,832.4 3,168,855.9 760,786.6 Cash Provided by (Used in) Investing Activities (876.4) (6,110,157.3) (2,572,398.3) (685,836.4)


Proceeds from Borrowings - - 3,011,578.8 760,786.6 Advances from National Government - 9,557,487.6 - - Bond Floatation - 7,491,752.7 - - Net Issue of Circulating Currency - - - 700,751.6 Equity Received - 4,776,860.9 - -

Total Cash Inflows - 21,826,101.2 3,011,578.8 1,461,538.2

Cash Outflows:Payment of Loans/Bonds Payable/Capital Stock Redeemed - 19,118,330.7 8,875,070.6 - Dividends Paid - - 2,166.5 - Other Charges to Capital - - - - Payment to National Government - 9,367,368.1 614,083.3 - Payment of Long Term Liabilities 1,033,649.0 31,232,586.7 6,214,065.4 1,295,713.8 Advances to SRMPP/PEMC - 766,829.1 - - Interest Expense - 17,691,375.7 25,608.1 740,396.6 Other Expenses/Payables - 68,146.6 - -


Cash Provided by (Used in) Financing Activities (1,033,649.0) (56,418,535.7) (12,719,415.0) (574,572.2)

Effects of Exchange Rate Changes on Cash and Cash Equivalents - (35,462.5) (3,855.5) -

Increase (Decrease) in Cash and Cash Equivalents 66,632.0 (1,896,971.3) 3,572,820.2 (4,768.0)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated 756,476.3 22,086,828.6 1,989,440.6 70,236.8

Cash and Cash Equivalents, Ending December 31, 2005 823,108.3 20,189,857.3 5,562,260.7 65,468.8


161

PPC PPSB PSALM


Operating Income 2,552,635.2 358,484.3 6,582.2 Collection of Receivables - 28,870.2 725.2 Repayment from Loans - 457.9 - Receipt of Savings/Time Deposits from Clients - 357,064.2 - Other Receipts 3,034,612.3 16,704.6 3,313.5 Receipt of subsidy, financial assistance, grants & donations 5,758.6 - - Proceed from Withdrawal and Sale of Short-Term InvestmentsGain/Proceed from Sale of Assets/Acquired Assets - 730.5 - Receipt of Refund from Cash Advance - - 1,305.5 Proceeds of Insurance - - - Collection of Performance/Bidders Bond 1,826,951.7 - -

total Cash Inflows 7,419,957.7 762,311.6 11,926.4

Cash Outflows:

Payment of Accounts Payable - 84,459.1 138,032.4 Payment of Other Payables - 4,454.9 - General & Administrative Expenses 3,956,383.7 85,794.9 146,570.8 Financial expenses - 94,781.1 - Payment of Insured Deposits - - 2.0 Payment of Other Expenses - 378,269.8 - Payment of Taxes and Licenses - 22,924.5 - Remittances to Various Entities 222,386.5 - 36,611.7 Payment for Capital Expenditures 2,712.1 - - Payment of Prior Year's Expenditures - 605.8 - Prepayments 13,544.2 482.3 101.9 Payment of Refund - - 2,291.6 Payment for Purchase of Inventories 150,574.0 - 2,489.4 Payment for Arbitration Expense - 10,734.5 - Loss on Foreign Exchange - - 6,182.3 Transfer of Funds 1,293,256.5 - -

Total Cash Outflows 5,638,857.0 682,507.0 332,282.2 Cash Provided by (Used in) Operating Activities 1,781,100.7 79,804.6 (320,355.8)


Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment - - 2,118,000.0 Short Term Deposits - 7,213.8 77,766,063.5

Income from Public Enterprises/Investments 9.0 273.2 - Proceeds from Sale of Fixed Assets 305.0 616.7 - Other Income 3,413.0 943.8 - Other Assets/Deferred Charges 19,112.9 - -

Total Cash Infows 22,839.9 9,047.5 79,884,063.5

Cash Outflows:

Acquisition of Property, Plant and Equipment - 27,803.9 2,134.4 Investment in Retail Treasury Bonds/Marketable Securities/Stocks 125,895.5 51,212.1 77,285,619.0

PARTICULARS



162

PPC PPSB PSALMPARTICULARS



Loan/Advances Releases 3,213.3 - - Other Expenses 24,837.7 - -

Total Cash Outflows 153,946.4 79,016.0 77,287,753.5 Cash Provided by (Used in) Investing Activities (131,106.6) (69,968.5) 2,596,310.1


Advances from National Government - - 3,785,000.0 Advances from Affiliates - - 1,704,605.3

Total Cash Inflows - - 5,489,605.3

Cash Outflows:Other Charges to Capital 720,599.0 - - Payment to National Government - - 3,785,000.0 Payment of Assumed RECs loans from NEA - - 1,700,307.2 Advances to National Power Corporation - - 1,704,605.3 Payment of Long Term Liabilities 53,410.0 - 25,000.0 Interest Expense 58,235.0 - - Adjustments 1,054,573.1 - -

Total Cash Outflows 1,886,817.1 - 7,214,912.5 Cash Provided by (Used in) Financing Activities (1,886,817.1) - (1,725,307.2)

Effects of Exchange Rate Changes on Cash and Cash Equivalents - (8.0) -

Increase (Decrease) in Cash and Cash Equivalents (236,823.0) 9,828.1 550,647.1

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 1,715,901.4 25,122.1 6,234,768.5

Cash and Cash Equivalents, Ending December 31, 2005 1,479,078.4 34,950.2 6,785,415.5


163

INDUSTRIAL AND AREA DEVELOPMENT AND

REGULATORY CLUSTER

Bases Conversion Development Authority Bataan Technological Park BCDA Management and Holdings, Inc. Cagayan Economic Zone Authority Cebu Ports Authority Clark Development Corporation First Centennial Clark Corporation Freeport Service Corporation Garments and Textiles Export Board John Hay Management Corporation Laguna Lake Development Authority Mactan-Cebu International Airport Authority Manila International Airport Authority Marawi Resort Hotel, Inc. National Housing Authority North Luzon Railways, Inc. Partido Development Administration Philippine Aerospace Development Corporation Philippine Centennial Expo '98 Corporation Philippine Economic Zone Authority Philippine Ports Authority Philippine Reclamation Authority Philippine Sugar Corporation Poro Point Management Corporation Subic Bay Metropolitan Authority Sugar Regulatory Administration Zamboanga City Special Economic Zone Authority

TOTAL NHA PPA CPA


Cash - Collecting Officers 83,711.7 11,695.6 23,989.7 3,146.5 Cash - Disbursing Officers 667,718.8 605,030.4 45,757.2 156.9 Petty Cash Fund 883.9 142.4 - -

Cash in Bank 8,233,306.3 957,144.9 1,125,414.9 50,289.1 Cash in Bank - Local Currency, Current Account 2,914,157.4 566,843.7 1,125,414.9 50,289.1 Cash in Bank - Local Currency, Savings Account 620,111.5 27,428.2 - - Cash in Bank - Local Currency, Time Deposits 2,312,997.8 362,872.9 - - Cash in Bank - Foreign Currency, Current Account 4,494.0 - - - Cash in Bank - Foreign Currency, Savings Account 100,927.4 - - - Cash in Bank - Foreign Currency, Time Deposits 2,280,618.2 - - -

Receivables - net 11,052,936.6 2,918,149.2 880,716.9 19,717.9 Accounts Receivable 8,800,043.6 2,660,625.7 568,622.8 20,022.4 Notes Receivable 39,743.5 - 1,904.2 - Due from Officers and Employees 23,324.5 229.1 - - Loans Receivables - LGUs 2,149.3 2,149.3 - - Loans Receivables - Others 783,174.4 3,060.9 - - Interest Receivable 476,482.0 183,935.3 1,035.4 - Due from National Treasury 77,751.1 - - - Due from NGAs 1,115,652.8 109,576.4 254.9 - Due from GOCCs 882,450.8 8,767.9 126,323.2 - Due from LGUs 128,527.5 77,168.7 131.8 - Due from NGOs/POs 35,450.2 3,109.4 - - Due from Operating Units 284,828.7 - - - Due from Other Funds 267,632.1 - - - Due from Subsidiaries/Affiliates 138,927.4 - - - Receivables - Disallowances/Charges 24,172.4 1,839.7 - - Other Receivables 1,030,727.4 24,263.5 294,644.0 484.7 Allowance for Doubtful Accounts (3,058,101.2) (156,576.6) (112,199.5) (789.2)

Inventories - net 31,191,754.2 9,228,367.5 116,551.2 9,653.8 Work-in-Process Inventory 7,568.6 - - - Finished Goods Inventory 20,685,760.7 - - - Merchandise Inventory 9,215,948.6 9,213,838.0 - - Items for Sale 897,985.2 - - - Office Supplies Inventory 192,768.4 2,486.3 116,546.1 9,653.8 Accountable Forms Inventory 14,118.2 - - - Drugs and Medicines Inventory 988.4 180.1 - - Medical, Dental and Laboratory Supplies Inventory 5,967.5 - - - Gasoline, Oil, Lubricants and Other Fuel Inventory 6,359.2 - - - Agricultural Supplies Inventory 885.2 - - - Military and Police Supplies Inventory 157.7 - - - Other Supplies Inventory 69,667.8 9,012.7 5.1 - Confiscated/Abandoned/Seized Goods Inventory 3,212.6 - - - Spare Parts Inventory 96,863.4 649.2 - - Construction Materials Inventory 17,073.5 2,201.3 - - Allowance for Obsolescence (23,570.9) - - -

Prepayments and Deferred Charges 9,894,644.9 61,814.0 642,877.9 49,883.2 Prepaid Rent 1,986.0 420.0 - - Prepaid Insurance 33,046.1 281.0 229.2 - Deposit on Letters of Credit 3,529.7 - - - Advances to Contractors 8,976,245.0 61,082.7 144,520.9 7,227.0 Deferred Charges 320,618.8 - - 3,835.9 Other Prepaid Expenses 559,219.3 30.3 498,127.8 38,820.3

Industrial and Area Development and Regulatory ClusterDetailed Balance Sheet


ACCOUNT TITLE

ASSETS

164

TOTAL NHA PPA CPA



ACCOUNT TITLE

Other Current Assets 802,786.7 74,963.0 7,258.1 - Guaranty Deposits 95,278.3 74,963.0 7,258.1 - Other Current Assets 707,508.4 - - -

Investments - net 61,484,503.6 5,970,981.9 3,596,805.8 262,442.5 Investment in Treasury Bills/Bonds 4,206,955.7 58,916.9 3,596,805.8 160,107.2 Investment in Stocks 1,478,379.9 1,403,005.0 - -

Investments in Bonds 838,118.3 969.5 - - Other Investments and Marketable Securities 3,162,127.7 212,113.6 - 102,335.2 Investments in Joint Ventures/Subsidiaries 25,515,320.1 - - - Non Interest Bearing Loans/Advances 50.0 - - - Receivables-Long Term 12,840,889.9 4,362,482.0 - - Sinking Fund 3,089,514.4 - - - Other Long term Investments 10,530,939.3 - - - Allowance for Decline in Value of Investments (13,200.0) - - - Allowance for Doubtful Accounts-Long TermReceivables (164,591.7) (66,505.2) - -

Property, Plant and Equipment - net 176,280,767.4 3,723,656.2 72,538,299.0 4,584,475.2 Land and Land Improvements 161,539,697.0 1,851,082.4 77,396,185.0 3,573,170.0

Land 110,768,489.5 1,850,305.7 52,596,514.0 3,573,170.0 Land Improvements 49,758,101.7 776.7 24,799,671.0 - Electrification, Power and Energy Structures 494,128.6 - - - Roads, Highways and Bridges 517,784.5 - - - Other Public Inftrastructures 1,192.7 - - -

Building 23,730,345.6 252,142.3 - 2,399,462.6 Office Buildings 22,327,825.0 140,878.2 - 2,399,462.6 Other Structures 1,402,520.6 111,264.0 - -

Leasehold Improvements 83,495.9 - - - Leasehold Improvements, Buildings 9,614.8 - - - Other Leasehold Improvements 73,881.1 - - -

Office Equipment, Furniture and Fixtures 1,874,974.3 84,772.4 395,735.0 238,040.1 Office Equipment 1,198,877.1 37,938.4 395,735.0 238,040.1 Furniture and Fixtures 187,398.7 15,384.6 - - IT Equipment and Software 284,149.7 31,036.2 - - Library Books 2,601.1 413.2 - - Equipment, Furniture and Fixtures 201,947.7 - - -

Machinery and Equipment 6,938,992.1 24,591.3 305,804.0 - Machinery 6,134.5 - - - Agricultural, Fishery and Forestry and Equipment 217,453.2 - - - Airport Equipment 425,796.3 - - - Communication Equipment 306,274.0 8,706.6 - - Construction and Heavy Equipment 63,214.0 5,584.2 - - Firefighting Equipment and Accessories 69,837.2 - - - Medical, Dental and Laboratory Equipment 129,820.1 617.3 - - Military and Police Equipment 10,873.4 - - - Sports Equipment 221.4 8.5 - - Technical and Scientific Equipment 45,984.4 - - - Other Machinery and Equipment 5,663,383.6 9,674.8 305,804.0 -

Transportation Equipment 745,529.6 54,103.7 131,831.0 - Motor Vehicles 714,641.7 54,103.7 131,831.0 - Aircrafts and Aircraft Ground Equipment 10,470.1 - - - Watercrafts 18,042.9 - - - Other Transportation Equipment 2,375.0 - - -


165

TOTAL NHA PPA CPA



ACCOUNT TITLE

Accumulated Depreciation (40,136,711.2) (374,290.3) (13,748,570.0) (1,649,672.7)

Public Infrastructures 518,977.2 - - -

Construction in Progress 18,899,325.0 1,831,254.5 7,139,807.0 23,475.2 Construction in Progress - Agency Assets 18,836,436.9 1,831,254.5 7,139,807.0 23,475.2 Roads, Highways and Bridges 39,749.5 - - - Parks, Plazas, and Monuments 10,356.3 - - - Reforestation Upland 12,782.3 - - -

Intangible Assets 2,036,692.1 - - - Organizational Cost 205,700.6 - - - Development Cost 1,830,991.6 - - -

Other Assets 8,014,757.9 930,456.0 799,220.7 244.5 Work/Other Animals 7,390.7 - - - Arts, Archeological Specimens and Other Exhibits 8,855.7 - - - Items in Transit 11,154.1 - - - Assets Held in Trust 1,962,333.7 562,450.5 - - Restricted Fund/Assets 4,444,544.1 319,109.9 730,498.4 - Other Assets 1,580,479.7 48,895.7 68,722.2 244.5

309,744,464.1 24,482,401.2 79,776,891.3 4,980,009.6

Current Liabilities 23,804,438.4 3,761,536.5 2,439,958.4 230,233.1 Accounts Payable 4,209,995.6 39,019.0 782,377.1 23,035.3 Dividend Payable 627,499.8 8,378.7 - 100,951.5 Loans Payable 1,700,891.9 806,977.4 493,635.7 23,521.0 Interest Payable 3,521,370.7 - 7,556.4 - Accrued Expenses Payable 436,324.1 - - - Income Tax Payable 92,589.9 - - 77,167.0 Due to Officers and Employees 37,973.6 7,681.6 - - Due to National Treasury 1,617,158.3 - - - Due to BIR (55,555.8) 13,145.5 - - Due to SSS 14,672.5 - - - Due to GSIS 15,063.3 6,481.0 - - Due to PAG-IBIG 7,096.0 1,314.1 - - Due to PHILHEALTH 396.0 565.5 - - Due to Other NGAs 2,996,333.7 1,850,616.6 370,899.5 - Due to Other GOCCs 338,503.0 175,652.1 6,189.5 - Due to LGUs 1,598,844.1 23,874.4 198,201.2 - Due to Other Funds 26,677.1 - - - Due to Subsidiaries/Affiliates 155,771.6 - - - Guaranty Deposits Payable 900,154.0 173,261.0 44,090.0 - Performance/Bidders/Bail Bonds Payable 50,654.8 7,937.3 - - Other Payables 5,512,024.1 646,632.3 537,008.9 5,558.4

Long-term Liabilities 49,190,216.4 1,471,757.7 6,804,700.4 316,648.8 Notes Payable 166,009.7 - - - Mortgage Payable 66,049.9 58,921.4 - - Bonds Payable - Domestic 3,838,505.4 - - - Loans Payable - Domestic 1,884,401.0 713,770.6 - - Loans Payable – Foreign 31,875,195.3 136,615.3 6,804,700.4 82,323.4 Loans and Advances Payables 458,333.9 - - - Contracts Payable 1,402.0 - - - Other Long-Term Liabilities 10,900,319.2 562,450.5 - 234,325.4

72,994,654.8 5,233,294.2 9,244,658.8 546,881.9


TOTAL ASSETS

TOTAL LIABILITIES

166

TOTAL NHA PPA CPA



ACCOUNT TITLE

Deferred Credits 6,966,055.3 2,366,047.2 - 12,445.3 Other Deferred Credits 6,966,055.3 2,366,047.2 - 12,445.3

EQUITY Government Equity 17,513,110.7 - 4,327,107.2 4,159,925.9 Capital Stock 101,751,335.7 2,893,406.8 - - Paid in Capital in Excess of Par Value 313,868.7 - - - Subscribed Capital Stock 889,665.2 - - - Restricted Capital/Equity 1,760,225.5 - 353,530.2 - Appraisal Capital 82,102,760.9 3,011,158.9 51,775,601.0 - Donated Capital 841,842.2 140,958.2 586,667.6 - Retained Earnings(Deficit) 24,610,945.0 10,837,535.9 13,489,326.5 260,756.5

229,783,753.9 16,883,059.8 70,532,232.5 4,420,682.4

309,744,464.1 24,482,401.2 79,776,891.3 4,980,009.6



TOTAL EQUITY

167

MIAA MCIAA PADC PEZA

Current Assets 5,507,777.6 343,790.9 150,651.1 1,372,985.5 Cash on Hand 5,698.3 3,688.6 606.3 15,982.4

Cash - Collecting Officers - 3,194.0 - 15,433.6 Cash - Disbursing Officers 5,698.3 494.6 606.3 511.6 Petty Cash Fund - - - 37.1

Cash in Bank 2,119,535.0 257,643.3 27,216.6 691,912.6 Cash in Bank - Local Currency, Current Account 108,317.9 65,506.6 - 489,045.2 Cash in Bank - Local Currency, Savings Account 89,559.2 14,369.1 20,841.5 52,603.3 Cash in Bank - Local Currency, Time Deposits 761,335.0 3,858.9 - 147,873.5 Cash in Bank - Foreign Currency, Savings Account - - 6,375.2 2,390.6 Cash in Bank - Foreign Currency, Time Deposits 1,160,322.9 173,908.7 - -

Receivables - net 2,159,832.7 62,849.2 25,600.3 581,456.4 Accounts Receivable 1,353,334.7 79,681.9 23,308.1 619,115.5 Notes Receivable 1,635.6 - - - Due from Officers and Employees 526.9 - 2,292.2 1,948.6 Interest Receivable 22,037.4 - - 1,690.0 Due from NGAs 513,131.3 34.5 - 2,423.3 Due from GOCCs 49,339.0 544.9 - 169.4 Receivables - Disallowances/Charges 8,582.4 - - 3,230.8 Other Receivables 480,385.6 2,476.3 - 5,644.2 Allowance for Doubtful Accounts (269,140.2) (19,888.4) - (52,765.5)

Inventories - net 45,868.8 19,609.8 97,227.9 22,491.9 Work-in-Process Inventory - - 7,568.6 - Items for Sale - - 28,834.7 - Office Supplies Inventory 7,621.5 9,700.3 - 10,881.5 Accountable Forms Inventory 6,936.4 - - 5,718.0 Drugs and Medicines Inventory 637.0 66.6 - 104.7 Gasoline, Oil, Lubricants and Other Fuel Inventory 3,166.0 419.6 - 4.6 Military and Police Supplies Inventory 142.2 - - 15.5 Other Supplies Inventory 4,080.3 9,423.3 12,748.1 5,718.5 Spare Parts Inventory 17,337.8 - 71,640.2 49.0 Construction Materials Inventory 5,947.6 - - - Allowance for Obsolescence - - (23,563.7) -

Prepayments and Deferred Charges 680,701.4 - - 31,954.4 Prepaid Rent - - - 68.0 Prepaid Insurance 21,329.5 - - 639.3 Deposit on Letters of Credit 107.4 - - - Advances to Contractors 638,703.1 - - 30,517.7 Deferred Charges 7,608.9 - - - Other Prepaid Expenses 12,952.5 - - 729.4

Other Current Assets 496,141.5 - - 29,187.9 Guaranty Deposits 3,304.1 - - 4,392.8 Other Current Assets 492,837.4 - - 24,795.2

Investments - net 12,505.0 3,053.0 33,110.8 135,228.3 Investment in Treasury Bills/Bonds - - - 77,710.8 Investment in Stocks 11,850.0 53.0 11,860.3 -

Investments in Bonds - - - - Other Investments and Marketable Securities - 3,000.0 (316.3) 57,517.4 Investments in Joint Ventures/Subsidiaries 655.0 - - - Receivables-Long Term - - 49,405.2 - Allowance for Doubtful Accounts-Long Term Receivables - - (27,838.4) -



ACCOUNT TITLE

ASSETS

168




ACCOUNT TITLE

Property, Plant and Equipment - net 14,552,737.5 2,109,368.5 10,974.6 3,395,442.2 Land and Land Improvements 12,888,936.6 1,688,913.8 - 4,005,783.3

Land - - - 772,230.6 Land Improvements 12,888,936.6 1,688,913.8 - 2,746,159.0 Electrification, Power and Energy Structures - - - 487,393.7

Building 5,990,139.6 332,093.6 28,213.0 1,288,428.8 Office Buildings 5,990,139.6 332,093.6 28,213.0 282,809.3 Other Structures - - - 1,005,619.5

Leasehold Improvements - - 7,423.0 - Other Leasehold Improvements - - 7,423.0 -

Office Equipment, Furniture and Fixtures - 201,947.7 10,339.0 90,077.9 Office Equipment - - 10,339.0 31,861.9 Furniture and Fixtures - - - 19,228.7 IT Equipment and Software - - - 38,823.3 Library Books - - - 164.0 Equipment, Furniture and Fixtures - 201,947.7 - -

Machinery and Equipment 4,596,512.7 - 50,029.0 31,626.0 Airport Equipment - - 8,222.0 - Communication Equipment - - - 2,974.3 Construction and Heavy Equipment - - - - Firefighting Equipment and Accessories - - - 9,838.7 Medical, Dental and Laboratory Equipment - - - 167.1 Military and Police Equipment - - - 2,100.9 Sports Equipment - - - 151.1 Technical and Scientific Equipment - - - 2,416.7 Other Machinery and Equipment 4,596,512.7 - 41,807.0 13,977.2

Transportation Equipment - - 5,527.0 59,947.3 Motor Vehicles - - 5,527.0 59,947.3

Other Property, Plant and Equipment - - 2,350.6 - Other Property, Plant and Equipment - - 2,350.6 -

Accumulated Depreciation (8,922,851.4) (250,354.2) (92,907.0) (2,700,008.6)

Construction in Progress - 136,767.7 - 619,587.5 Construction in Progress - Agency Assets - 136,767.7 - 619,587.5

Other Assets 3,331,138.5 176,553.3 6,128.5 36,561.4 Restricted Fund/Assets 3,310,422.6 - - 13,318.1 Other Assets 20,715.8 176,553.3 6,128.5 23,243.2

23,404,158.6 2,632,765.7 200,865.0 4,940,217.3 TOTAL ASSETS

169




ACCOUNT TITLE

Current Liabilities 2,974,763.1 209,471.4 57,829.3 943,248.2 Accounts Payable 600,267.4 100,928.7 24,463.7 406,928.4 Dividend Payable 310,829.5 - - - Interest Payable 136,220.6 - - - Accrued Expenses Payable - - 16,768.5 - Due to Officers and Employees 11,782.9 - - 2,513.7 Due to National Treasury 1,242,086.7 - - 170,479.8 Due to BIR (169,229.9) - - 10,798.9 Due to GSIS 4,394.1 - - 1,723.7 Due to PAG-IBIG 666.6 - - 81.2 Due to PHILHEALTH 218.2 - - 115.0 Due to Other NGAs 338,800.9 44,900.8 - - Due to Other GOCCs - 1,205.2 - 65,309.9 Due to LGUs - - - 108,290.0 Due to Other Funds - - - 7,429.9 Guaranty Deposits Payable 126,861.8 - - 121,355.2 Performance/Bidders/Bail Bonds Payable 27,328.9 - - 929.7 Other Payables 344,535.3 62,436.7 16,597.1 47,292.8

Long-Term Liabilities 7,421,422.5 1,402.0 7,480.8 1,675,740.7 Loans Payable - Domestic - - - 530,040.3 Loans Payable – Foreign 7,420,987.5 - - 1,145,700.3 Contracts Payable - 1,402.0 - - Other Long-Term Liabilities 435.0 - 7,480.8 -

10,396,185.6 210,873.4 65,310.0 2,618,988.8

Deferred Credits 44,555.0 - - 24,019.7 Other Deferred Credits 44,555.0 - - 24,019.7

EQUITY Government Equity 7,471,998.0 4,683.0 - 9,556.2 Capital Stock - 1,724,121.3 257,667.4 2,000,000.0 Paid in Capital in Excess of Par Value - - - 313,868.7 Restricted Capital/Equity 1,365,753.0 - - - Appraisal Capital 1,198,634.0 - - 86,702.5 Retained Earnings(Deficit) 2,927,033.0 693,088.0 (122,112.4) (112,918.5)

12,963,418.0 2,421,892.4 135,555.0 2,297,208.8

23,404,158.6 2,632,765.7 200,865.0 4,940,217.3




TOTAL EQUITY

TOTAL LIABILITIES

170

SBMA FSC ZCSEZA CEZA

Current Assets 2,831,206.7 110,970.2 186,630.6 268,762.0 Cash on Hand 3,433.9 4,565.7 247.1 96.9 Cash - Collecting Officers 3,203.7 4,523.3 10.2 66.2 Cash - Disbursing Officers 140.8 42.5 136.9 - Petty Cash Fund 89.5 - 100.0 30.8

Cash in Bank 838,998.4 12,845.1 178,357.9 258,533.2 Cash in Bank - Local Currency, Current Account 38,865.3 11,936.7 5,973.2 2,920.8 Cash in Bank - Local Currency, Savings Account 4,858.0 - - 241,387.6 Cash in Bank - Local Currency, Time Deposits 6,219.1 - 171,913.6 - Cash in Bank - Foreign Currency, Current Account 2,185.1 - - - Cash in Bank - Foreign Currency, Savings Account 18,657.8 - 471.1 14,224.8 Cash in Bank - Foreign Currency, Time Deposits 768,213.0 908.5 - -

Receivables - net 993,577.6 49,171.0 1,386.4 9,990.9 Accounts Receivable 2,828,952.7 58,085.3 543.3 9,264.7 Due from Officers and Employees 3,756.2 - 843.2 499.3 Interest Receivable 23,289.2 - - - Due from NGAs 25,276.4 - - - Due from GOCCs 12,075.4 - - - Due from NGOs/POs 31,098.4 - - - Other Receivables 5,786.3 - - 227.0 Allowance for Doubtful Accounts (1,936,656.9) (8,914.3) - -

Inventories - net 50,487.6 22,564.8 - 115.7 Merchandise Inventory 2,110.6 - - - Office Supplies Inventory 15,648.7 4,896.1 - 115.7 Accountable Forms Inventory 1,463.7 - - - Medical, Dental and Laboratory Supplies Inventory 4,359.7 - - - Gasoline, Oil, Lubricants and Other Fuel Inventory 2,712.2 - - - Other Supplies Inventory 9,430.8 17,668.7 - - Spare Parts Inventory 7,187.2 - - - Construction Materials Inventory 7,574.7 - - -

Prepayments and Deferred Charges 944,709.1 6,966.1 6,639.2 25.2 Prepaid Rent 475.2 - - - Prepaid Insurance 8,787.6 - - - Advances to Contractors 935,421.4 - 6,412.2 25.2 Deferred Charges - 147.0 27.0 - Other Prepaid Expenses 25.0 6,819.2 200.0 -

Other Current Assets - 14,857.4 - - Other Current Assets - 14,857.4 - -

Investments - net 932,694.3 - - - Investment in Treasury Bills/Bonds 14,839.9 - - - Investment in Stocks 14,506.0 - - -

Investments in Bonds 828,622.7 - - - Investments in Joint Ventures/Subsidiaries 87,925.7 - - - Allowance for Decline in Value of Investments (13,200.0) - - -



ACCOUNT TITLE

ASSETS

171




ACCOUNT TITLE

Property, Plant and Equipment - net 24,255,642.6 18,459.3 297,344.5 253,016.9 Land and Land Improvements 18,536,475.3 - 116,069.0 56,661.3 Land 14,982,125.1 - - 56,661.3 Land Improvements 3,554,350.2 - 116,069.0 -

Building 11,432,671.4 7,026.4 93,778.8 161,168.6 Office Buildings 11,217,323.7 7,026.4 93,778.8 161,168.6 Other Structures 215,347.7 - - -

Leasehold Improvements - 9,008.9 - 3,610.6 Other Leasehold Improvements - 9,008.9 - 3,610.6

Office Equipment, Furniture and Fixtures 142,516.3 13,293.3 34,061.0 36,499.6 Office Equipment 3,596.8 11,068.7 18,807.0 36,499.6 Furniture and Fixtures 927.6 2,224.6 5,234.0 - IT Equipment and Software 137,697.8 - 10,020.1 - Library Books 294.1 - - -

Machinery and Equipment 661,982.0 3,428.1 57,533.6 - Machinery 154.2 - - - Agricultural, Fishery and Forestry and Equipment 209,602.8 - - - Airport Equipment 36,419.7 - - - Communication Equipment 64,298.1 3,331.9 - - Construction and Heavy Equipment - 96.2 57,533.6 - Firefighting Equipment and Accessories 5,356.3 - - - Medical, Dental and Laboratory Equipment 24,152.9 - - - Other Machinery and Equipment 321,998.0 - - -

Transportation Equipment 290,182.4 11,380.4 12,524.4 8,244.4 Motor Vehicles 272,139.5 11,380.4 12,524.4 8,244.4 Watercrafts 18,042.9 - - -

Other Property, Plant and Equipment 1,151,175.0 - - - Other Property, Plant and Equipment 1,151,175.0 - - -

Accumulated Depreciation (10,068,253.7) (25,677.8) (88,527.8) (39,850.1)

Construction in Progress 2,108,893.8 - 71,905.6 26,682.5 Construction in Progress - Agency Assets 2,099,785.3 - 18,126.0 26,682.5 Roads, Highways and Bridges - - 39,749.5 - Parks, Plazas, and Monuments 9,108.5 - 1,247.8 - Reforestation Upland - - 12,782.3 -

Other Assets 204,007.8 - 165.4 5,345.1 Work/Other Animals 7,390.7 - - - Arts, Archeological Specimens and Other Exhibits 8,012.5 - - - Restricted Fund/Assets 8,921.8 - - - Other Assets 179,682.7 - 165.4 5,345.1

28,223,551.3 129,429.5 484,140.6 527,124.0 TOTAL ASSETS

172




ACCOUNT TITLE

Current Liabilities 1,696,129.8 61,370.2 5,169.5 5,026.0 Accounts Payable 698,679.7 29,167.1 2,306.6 252.3 Loans Payable 255,001.9 - - - Interest Payable 132,517.2 - - - Due to Officers and Employees - - 176.3 187.1 Due to BIR 10,844.4 2,875.3 793.6 - Due to SSS 5,038.0 8,910.6 - - Due to PAG-IBIG 1,590.9 2,963.4 - - Due to PHILHEALTH 603.9 (1,369.5) - - Due to Other NGAs 3,862.0 - - - Due to Other GOCCs 141.6 - 1,067.9 2,227.5 Due to LGUs 171.0 - - - Guaranty Deposits Payable 298,964.0 - - 399.4 Performance/Bidders/Bail Bonds Payable 4,068.3 - 825.1 1,419.8 Other Payables 284,646.9 18,823.3 - 539.9

Long-Term Liabilities 5,875,109.7 - - - Loans Payable – Foreign 5,605,813.6 - - - Other Long-Term Liabilities 269,296.1 - - -

7,571,239.6 61,370.2 5,169.5 5,026.0

Deferred Credits 1,322,453.8 199.5 39.5 - Other Deferred Credits 1,322,453.8 199.5 39.5 -

EQUITY Government Equity - - 450,500.3 - Capital Stock 19,942,815.5 1,500.0 - 372,500.0 Restricted Capital/Equity 306.5 - - - Appraisal Capital 2,305,676.7 - - - Donated Capital 37,617.7 - - 26,740.7 Retained Earnings(Deficit) (2,956,558.4) 66,359.8 28,431.4 122,857.3

19,329,857.9 67,859.8 478,931.6 522,098.0

28,223,551.3 129,429.5 484,140.6 527,124.0




TOTAL LIABILITIES

TOTAL EQUITY

173

BCDA BCDA-MHI BTPI PCEC

Current Assets 1,989,957.0 91,009.7 9,546.3 288,448.6 Cash on Hand 5,114.4 34.5 435.2 -

Cash - Collecting Officers 4,884.4 34.5 - - Cash - Disbursing Officers 230.0 - 435.2 -

Cash in Bank 170,331.8 27,494.9 5,381.5 265.9 Cash in Bank - Local Currency, Current Account 170,331.8 27,494.9 5,381.5 265.9

Receivables - net 830,352.8 63,008.1 (1,569.6) 271,716.3 Accounts Receivable 26,459.9 - 292.1 - Due from Officers and Employees - 1,155.2 961.0 - Interest Receivable 39,489.9 3,009.8 - - Due from National Treasury 77,751.1 - - - Due from NGAs - - - 1,256.1 Due from GOCCs 150,000.0 31,903.1 - 269,607.6 Due from LGUs 3,748.4 - - - Due from Other Funds 266,931.3 - - - Due from Subsidiaries/Affiliates 101,133.4 26,940.0 - - Other Receivables 164,838.8 - - 852.6 Allowance for Doubtful Accounts - - (2,822.7) -

Inventories - net 877,031.9 - 608.7 - Items for Sale 869,060.5 - 21.1 - Office Supplies Inventory 7,971.4 - 587.5 -

Prepayments and Deferred Charges - 472.2 4,690.5 16,257.1 Advances to Contractors - - 4,418.1 16,257.1 Other Prepaid Expenses - 472.2 272.4 -

Other Current Assets 107,126.1 - - 209.3 Guaranty Deposits - - - 209.3 Other Current Assets 107,126.1 - - -

Investments - net 32,045,509.4 265,613.8 - 1,002.7 Investment in Stocks 12,750.0 - - 54.0

Investments in Bonds 8,526.1 - - - Other Investments and Marketable Securities 2,435,521.1 265,613.8 - 948.7 Investments in Joint Ventures/Subsidiaries 24,891,045.0 - - - Receivables-Long Term 2,410,580.4 - - - Other Long term Investments 2,294,066.6 - - - Allowance for Doubtful Accounts-Long Term Receivables (6,979.8) - - -

Property, Plant and Equipment - net 45,015,561.7 9,124.2 356,637.9 - Land and Land Improvements 38,769,131.0 - 268,863.2 -

Land 36,907,793.0 - - - Land Improvements 1,861,338.0 - 268,863.2 -

Building 350,686.0 8,146.2 71,735.0 - Office Buildings 350,686.0 8,146.2 71,735.0 -

Office Equipment, Furniture and Fixtures 272,888.0 3,729.0 38,454.4 - Office Equipment 272,888.0 2,636.0 38,454.4 - Furniture and Fixtures - 1,093.0 - -



ACCOUNT TITLE

ASSETS

174

BCDA BCDA-MHI BTPI PCEC



ACCOUNT TITLE

Transportation Equipment - 3,477.0 11,288.8 - Motor Vehicles - 3,477.0 11,288.8 -

Other Property, Plant and Equipment - - 61,967.9 - Other Property, Plant and Equipment - - 61,967.9 -

Accumulated Depreciation (324,506.3) (6,228.0) (95,793.2) -

Construction in Progress 5,947,363.0 - 121.9 - Construction in Progress - Agency Assets 5,947,363.0 - 121.9 -

Other Assets 11,873.3 8,261.2 4,589.9 - Other Assets 11,873.3 8,261.2 4,589.9 -

79,062,901.5 374,008.9 370,774.1 289,451.3

Current Liabilities 2,906,467.2 59,150.8 55,260.0 4,616.0 Accounts Payable 34,332.1 4,257.8 1,251.7 - Accrued Expenses Payable 869.3 - 2,310.7 10.6 Income Tax Payable 14,962.6 - 460.3 - Due to Officers and Employees - 10,001.5 - - Due to BIR - 307.8 - 37.4 Due to SSS - - - 18.5 Due to Other NGAs 260,185.3 22,153.8 - - Due to Other GOCCs - 15,040.1 - - Due to LGUs 518,042.0 - - - Due to Subsidiaries/Affiliates 155,771.6 - - - Guaranty Deposits Payable - 54.3 2,310.1 262.5 Other Payables 1,922,304.4 7,335.5 48,927.1 4,287.1

Long-Term Liabilities 5,449,330.9 - 320,234.7 27,699.5 Notes Payable 166,009.7 - - - Bonds Payable - Domestic 1,200,000.0 - - - Loans Payable – Foreign 4,083,321.2 - - 4,485.0 Loans and Advances Payables - - 320,234.7 23,214.4

8,355,798.1 59,150.8 375,494.6 32,315.5

Deferred Credits 2,353,957.6 11,157.7 - - Other Deferred Credits 2,353,957.6 11,157.7 - -

EQUITY Government Equity - - - 257,135.8 Capital Stock 66,724,258.8 280,000.0 100,000.0 - Donated Capital 1,137.7 - - - Retained Earnings(Deficit) 1,627,749.3 23,700.4 (104,720.5) -

68,353,145.8 303,700.4 (4,720.5) 257,135.8

79,062,901.5 374,008.9 370,774.1 289,451.3




TOTAL ASSETS

TOTAL LIABILITIES

TOTAL EQUITY

175

NLRC JHMC PPMC CDC

Current Assets 7,262,518.4 56,754.4 17,036.0 869,164.3 Cash on Hand 114.5 130.8 - 4,068.4

Cash - Collecting Officers - 80.8 - - Cash - Disbursing Officers 114.5 - - 3,927.6 Petty Cash Fund - 50.0 - 140.8

Cash in Bank 2,264.7 45,383.5 6,765.5 280,400.2 Cash in Bank - Local Currency, Current Account 2,264.7 45,383.5 6,765.5 28,828.0 Cash in Bank - Local Currency, Time Deposits - - - 43,975.1 Cash in Bank - Foreign Currency, Current Account - - - 2,308.9 Cash in Bank - Foreign Currency, Savings Account - - - 28,023.2 Cash in Bank - Foreign Currency, Time Deposits - - - 177,265.1

Receivables - net 145,133.3 10,246.0 810.2 547,929.0 Accounts Receivable - 4,972.7 156.6 223,005.4 Notes Receivable - - - 20,213.7 Due from Officers and Employees 295.4 57.7 69.5 5,001.7 Interest Receivable 10.3 - 35.8 522.3 Due from GOCCs 130,267.6 1,103.3 279.3 - Due from LGUs 14,413.2 - - - Due from Operating Units - - - 284,828.7 Receivables - Disallowances/Charges - 3,366.4 - 192.5 Other Receivables 146.8 2,770.6 845.8 14,164.8 Allowance for Doubtful Accounts - (2,024.7) (576.8) -

Inventories - net 43.1 302.9 153.5 6,379.9 Office Supplies Inventory 43.1 302.9 153.5 1,787.9 Medical, Dental and Laboratory Supplies Inventory - - - 29.4 Confiscated/Abandoned/Seized Goods Inventory - - - 3,212.6 Construction Materials Inventory - - - 1,350.0

Prepayments and Deferred Charges 7,114,962.8 178.1 9,306.7 27,034.6 Prepaid Insurance - - - 1,591.0 Deposit on Letters of Credit - - - 3,422.3 Advances to Contractors 7,114,962.8 - 8,929.3 6,393.1 Deferred Charges - - - 15,628.1 Other Prepaid Expenses - 178.1 377.4 -

Other Current Assets - 513.0 - 3,352.2 Guaranty Deposits - 27.0 - 3,352.2 Other Current Assets - 486.0 - -

Investments - net 61,909.0 132.0 33,704.0 66,865.1 Investment in Stocks - 132.0 15.0 21,509.0

Other Investments and Marketable Securities 61,909.0 - 18,689.0 - Investments in Joint Ventures/Subsidiaries - - - 6,228.4 Other Long term Investments - - 15,000.0 39,127.7

Property, Plant and Equipment - net 36,815.5 124,080.8 45,369.9 2,192,087.4 Land and Land Improvements - 1,330.6 - 1,825,288.2

Land Improvements - 137.9 - 1,818,553.3 Electrification, Power and Energy Structures - - - 6,734.9 Other Public Inftrastructures - 1,192.7 - -

Building 36,278.9 112,516.9 - 656,571.1 Office Buildings - 108,126.9 - 656,571.1 Other Structures 36,278.9 4,390.0 - -



ACCOUNT TITLE

ASSETS

176

NLRC JHMC PPMC CDC



ACCOUNT TITLE

Office Equipment, Furniture and Fixtures 2,238.0 86,023.8 4,558.3 89,070.7 Office Equipment 2,238.0 - 4,558.3 53,287.2 Furniture and Fixtures - 86,023.8 - 30,649.3 IT Equipment and Software - - - 4,675.2 Library Books - - - 459.0

Machinery and Equipment - 6,882.1 - 672,352.9 Airport Equipment - - - 381,154.6 Communication Equipment - - - 210,545.5 Firefighting Equipment and Accessories - - - 54,630.0 Medical, Dental and Laboratory Equipment - - - 60.5 Military and Police Equipment - - - 8,772.5 Other Machinery and Equipment - 6,882.1 - 17,189.8

Transportation Equipment 1,139.8 - 7,021.1 62,531.6 Motor Vehicles 1,139.8 - 7,021.1 49,686.6 Aircrafts and Aircraft Ground Equipment - - - 10,470.1 Other Transportation Equipment - - - 2,375.0

Other Property, Plant and Equipment - - - 17,101.6 Other Property, Plant and Equipment - - - 17,101.6

Accumulated Depreciation (2,841.1) (95,309.0) (8,691.8) (1,131,115.1)

Construction in Progress - 12,636.4 42,482.4 286.4 Construction in Progress - Agency Assets - 12,636.4 42,482.4 286.4

Intangible Assets 1,932,704.2 - - - Organizational Cost 101,712.7 - - - Development Cost 1,830,991.6 - - -

Other Assets 75,809.1 11.1 48,074.8 952,763.5 Arts, Archeological Specimens and Other Exhibits - - - 843.2 Restricted Fund/Assets - - - 62,273.2 Other Assets 75,809.1 11.1 48,074.8 889,647.2

9,369,756.3 180,978.3 144,184.7 4,080,880.4

Current Liabilities 1,606,775.5 41,437.1 54,723.9 472,325.1 Accounts Payable - 3,392.0 8,405.5 284,690.8 Loans Payable - - - 62,500.0 Accrued Expenses Payable 363,128.1 1,729.3 - 932.6 Due to Officers and Employees - - - 7.4 Due to BIR - 298.1 380.3 14,062.9 Due to SSS - 37.7 5.1 662.5 Due to PAG-IBIG - 4.2 0.7 462.2 Due to PHILHEALTH - 7.7 - 148.7 Due to Other NGAs - - 269.8 - Due to Other GOCCs - 13,156.3 41,570.1 - Due to Other Funds - - - 5,381.9 Guaranty Deposits Payable 4,209.8 727.0 2,284.8 - Performance/Bidders/Bail Bonds Payable - - 591.6 - Other Payables 1,239,437.6 22,084.8 1,216.0 103,476.1


TOTAL ASSETS

177

NLRC JHMC PPMC CDC



ACCOUNT TITLE

Long-Term Liabilities 7,163,421.8 - 49,938.1 760,195.1 Loans Payable - Domestic - - - 162,500.0 Loans Payable – Foreign 5,587,333.5 - - 292,844.8 Loans and Advances Payables 34,297.5 - - 80,587.3 Other Long-Term Liabilities 1,541,790.7 - 49,938.1 224,263.0

8,770,197.3 41,123.4 104,662.1 1,232,520.3

Deferred Credits - 313.7 - - Other Deferred Credits - 313.7 - -

EQUITY Government Equity - 3,366.4 15,000.0 - Capital Stock 100,000.0 421,792.1 66,181.5 1,930,464.2 Subscribed Capital Stock - - - 889,665.2 Donated Capital - - 692.4 - Retained Earnings(Deficit) 499,559.0 (285,931.0) (42,351.2) 28,230.7

599,559.0 139,227.6 39,522.6 2,848,360.1

9,369,756.3 180,978.3 144,184.7 4,080,880.4



TOTAL LIABILITIES

TOTAL EQUITY

178

FCCC PRA LLDA SRA

Current Assets 31,571.9 21,738,610.8 68,517.8 167,868.6 Cash on Hand 23.0 60.9 5,376.9 2,262.4

Cash - Collecting Officers - 4.5 1,532.9 1,635.5 Cash - Disbursing Officers 23.0 45.4 3,677.8 533.4 Petty Cash Fund - 11.0 166.2 93.5

Cash in Bank 69.5 189,080.0 36,316.3 155,854.5 Cash in Bank - Local Currency, Current Account 69.5 15,390.5 21,940.3 47,620.7 Cash in Bank - Local Currency, Savings Account - 111.6 - 91,958.4 Cash in Bank - Local Currency, Time Deposits - 173,444.6 - - Cash in Bank - Foreign Currency, Savings Account - 133.3 14,376.0 16,275.4

Receivables - net 31,463.4 509,912.0 25,177.0 6,065.2 Accounts Receivable 36,461.8 186,984.5 18,733.3 755.3 Due from Officers and Employees - 3,314.1 308.4 598.1 Interest Receivable - 594.6 2,470.4 - Due from NGAs - 177,155.8 4.9 1,410.4 Due from GOCCs - 101,212.1 - 427.9 Due from LGUs - 33,065.5 - - Due from NGOs/POs - - - 1,241.7 Due from Other Funds - - 700.9 - Due from Subsidiaries/Affiliates - 6,087.6 - - Receivables - Disallowances/Charges - 681.2 4,832.4 841.8 Other Receivables - 7,593.4 - 790.1 Allowance for Doubtful Accounts (4,998.4) (6,776.7) (1,873.3) -

Inventories - net 16.0 20,686,208.7 1,647.5 2,116.2 Finished Goods Inventory - 20,685,760.7 - - Office Supplies Inventory 16.0 447.9 222.5 1,077.6 Medical, Dental and Laboratory Supplies Inventory - - 1,425.0 153.4 Agricultural Supplies Inventory - - - 885.2

Prepayments and Deferred Charges - 284,292.6 - 1,570.4 Prepaid Rent - 1,006.6 - - Advances to Contractors - 68.7 - 1,305.4 Deferred Charges - 283,210.0 - 265.0 Other Prepaid Expenses - 7.3 - -

Other Current Assets - 69,056.6 - - Guaranty Deposits - 1,650.2 - - Other Current Assets - 67,406.4 - -

Investments - net 40.0 14,566,724.4 172,194.2 131,188.0 Investment in Treasury Bills/Bonds - - 166,717.1 28,586.8 Investment in Stocks 40.0 2,431.3 - 160.3

Other Investments and Marketable Securities - - 4,796.1 - Investments in Joint Ventures/Subsidiaries - 529,466.1 - - Non Interest Bearing Loans/Advances - - 50.0 - Receivables-Long Term - 5,852,713.0 - 165,709.3 Other Long term Investments - 8,182,114.0 631.1 - Allowance for Doubtful Accounts-Long Term Receivables - - - (63,268.4)



ACCOUNT TITLE

ASSETS

179

FCCC PRA LLDA SRA



ACCOUNT TITLE

Property, Plant and Equipment - net 943,773.1 619,420.8 68,037.0 457,043.2 Land and Land Improvements - 517,784.5 4,983.7 28,499.0

Land - - 3,011.5 16,138.1 Land Improvements - - 1,972.2 12,361.0 Roads, Highways and Bridges - 517,784.5 - -

Building - 122,946.3 27,934.9 83,211.0 Office Buildings - 122,946.3 20,524.1 61,001.2 Other Structures - - 7,410.7 22,209.8

Leasehold Improvements 53,838.6 - - - Other Leasehold Improvements 53,838.6 - - -

Office Equipment, Furniture and Fixtures 1,308.1 3,235.5 33,835.2 34,224.8 Office Equipment 1,308.1 388.5 178.3 12,743.6 Furniture and Fixtures - 16.2 17,933.3 5,146.1 IT Equipment and Software - 2,477.5 15,509.1 15,632.0 Library Books - 353.3 214.4 703.1

Machinery and Equipment 23,244.5 4,865.1 43,271.8 455,805.8 Machinery - - - 5,980.3 Agricultural, Fishery and Forestry and Equipment - - - 7,850.3 Communication Equipment 6,463.1 3,009.4 2.5 5,879.2 Firefighting Equipment and Accessories - 12.2 - - Medical, Dental and Laboratory Equipment - - - 104,822.5 Sports Equipment - - - 61.9 Technical and Scientific Equipment - 298.4 43,269.3 - Other Machinery and Equipment 16,781.4 1,545.0 - 331,211.6

Transportation Equipment 1,004.5 10,079.1 34,451.7 21,282.7 Motor Vehicles 1,004.5 10,079.1 34,451.7 21,282.7

Other Property, Plant and Equipment 4,609.7 - - 17,356.3 Other Property, Plant and Equipment 4,609.7 - - 17,356.3

Accumulated Depreciation (69,657.7) (39,489.6) (81,237.4) (187,175.1)

Construction in Progress 929,425.4 - 4,797.2 3,838.7 Construction in Progress - Agency Assets 929,425.4 - 4,797.2 3,838.7

Other Assets 10,811.4 1,399,883.2 11,452.1 1,376.8 Items in Transit - - 9,859.3 1,294.8 Assets Held in Trust - 1,399,883.2 - - Other Assets 10,811.4 - 1,592.8 82.0

986,196.4 38,324,639.1 320,201.1 757,476.6 TOTAL ASSETS

180

FCCC PRA LLDA SRA



ACCOUNT TITLE

Current Liabilities 1,544,781.0 2,180,841.3 38,974.2 135,223.1 Accounts Payable 163,889.5 958,050.2 25,379.6 8,639.1 Dividend Payable - 207,256.8 83.3 - Interest Payable 1,323,581.4 3,488.2 - - Accrued Expenses Payable 50,574.9 - - - Due to Officers and Employees - 5.7 - 4,983.6 Due to BIR - 56,492.2 770.7 1,971.4 Due to GSIS - 1,053.7 705.7 705.1 Due to PAG-IBIG - 27.6 (32.6) 17.8 Due to PHILHEALTH - 5.6 101.6 (0.6) Due to Other NGAs - - 1,968.2 101,143.9 Due to Other GOCCs 5,280.4 4,922.6 (1.9) - Due to LGUs - 747,988.4 2,264.3 - Due to Other Funds - - - 13,865.4 Guaranty Deposits Payable - 7,695.5 - 2,328.3 Performance/Bidders/Bail Bonds Payable - - 6,932.4 621.6 Other Payables 1,454.7 193,854.7 802.9 947.6

Long-Term Liabilities 477,944.1 7,931,476.5 7,128.5 78,798.4 Mortgage Payable - - 7,128.5 - Loans Payable - Domestic 477,944.1 - - - Other Long-Term Liabilities - 7,931,476.5 - 78,798.4

2,022,725.1 10,112,317.8 46,102.7 214,021.4

Deferred Credits - 793,159.5 37,174.1 532.7 Other Deferred Credits - 793,159.5 37,174.1 532.7

EQUITY Government Equity - - - 52,454.4 Capital Stock 1,500,000.0 3,248,276.1 181,119.3 - Restricted Capital/Equity - - 40,635.8 - Appraisal Capital - 23,704,179.1 - - Retained Earnings(Deficit) (2,536,528.7) 466,706.6 15,169.2 490,468.1

(1,036,528.7) 27,419,161.8 236,924.3 542,922.5

986,196.4 38,324,639.1 320,201.1 757,476.6




TOTAL LIABILITIES

TOTAL EQUITY

181

PDA MRHI GTEB PSC

Current Assets 4,442.1 10,341.1 654,048.3 1,062,412.7 Cash on Hand 121.0 404.3 29.4 9,900.7

Cash - Collecting Officers 110.4 257.3 24.3 9,884.3 Cash - Disbursing Officers - 147.0 - 9.4 Petty Cash Fund 10.6 - 5.0 7.0

Cash in Bank 364.1 1,184.2 648,975.7 145,282.7 Cash in Bank - Local Currency, Current Account 364.1 1,184.2 7,675.1 68,083.7 Cash in Bank - Local Currency, Savings Account - - - 76,994.6 Cash in Bank - Local Currency, Time Deposits - - 641,300.6 204.4

Receivables - net 2,829.5 5,268.2 4,921.5 897,225.0 Accounts Receivable 5,163.6 6,990.6 64,240.9 4,269.7 Notes Receivable - - - 15,990.1 Due from Officers and Employees 208.3 457.7 782.9 19.2 Loans Receivables - Others - - - 780,113.5 Interest Receivable - - - 198,361.6 Due from NGAs - - 0.4 285,128.2 Due from GOCCs - - 430.1 - Due from NGOs/POs - - 0.7 - Due from Subsidiaries/Affiliates - - - 4,766.4 Receivables - Disallowances/Charges - - 605.2 - Other Receivables - - - 24,813.0 Allowance for Doubtful Accounts (2,542.4) (2,180.1) (61,138.7) (416,236.7)

Inventories - net 835.2 3,457.6 - 14.0 Items for Sale - 68.8 - - Office Supplies Inventory 83.2 2,510.5 - 14.0 Gasoline, Oil, Lubricants and Other Fuel Inventory 56.8 - - - Other Supplies Inventory 695.1 885.4 - - Allowance for Obsolescence - (7.1) - -

Prepayments and Deferred Charges 292.4 26.8 - 9,990.2 Prepaid Rent 16.3 - - - Prepaid Insurance 136.6 - - 51.9 Deferred Charges - - - 9,897.0 Other Prepaid Expenses 139.5 26.8 - 41.3

Other Current Assets - - 121.6 - Guaranty Deposits - - 121.6 -

Investments - net - - - 3,192,799.5 Investment in Treasury Bills/Bonds - - - 103,271.2 Investment in Stocks - - - 14.0

Sinking Fund - - - 3,089,514.4

Property, Plant and Equipment - net 627,601.0 17,221.4 11,536.3 17,040.6 Land and Land Improvements 4,370.9 6,169.2 - -

Land 4,370.9 6,169.2 - -

Building 252,600.0 6,635.1 - 15,959.4 Office Buildings 252,600.0 6,635.1 - 15,959.4

Leasehold Improvements - - 9,238.8 376.0 Leasehold Improvements, Buildings - - 9,238.8 376.0



ACCOUNT TITLE

ASSETS

182

PDA MRHI GTEB PSC



ACCOUNT TITLE

Office Equipment, Furniture and Fixtures 21,933.7 2,714.0 32,522.4 956.4 Office Equipment 21,933.7 2,714.0 1,392.1 270.7 Furniture and Fixtures - - 3,062.8 474.5 IT Equipment and Software - - 28,067.5 211.2

Machinery and Equipment - 296.0 767.2 - Communication Equipment - 296.0 767.2 -

Transportation Equipment 11,022.7 1,369.4 6,194.4 926.1 Motor Vehicles 11,022.7 1,369.4 6,194.4 926.1

Other Property, Plant and Equipment 412,242.3 20,808.7 - - Other Property, Plant and Equipment 412,242.3 20,808.7 - -


Intangible Assets 103,987.9 - - - Organizational Cost 103,987.9 - - -

Other Assets - 30.4 - - Other Assets - 30.4 - -

736,031.0 27,593.0 665,584.5 4,272,252.8

Current Liabilities 280,373.2 3,133.1 2,100.2 2,033,521.2 Accounts Payable 6,045.1 2,442.8 1,755.5 38.7 Loans Payable 59,255.9 - - - Interest Payable - - - 1,918,007.0 Due to Officers and Employees 615.6 - - 18.3 Due to National Treasury 204,591.7 - - - Due to BIR 420.1 60.7 344.6 70.2 Due to Other NGAs 1,533.0 - - - Due to Other GOCCs 6,721.3 20.1 - - Due to LGUs 12.9 - - - Guaranty Deposits Payable - - - 115,350.3 Other Payables 1,177.6 609.6 - 36.7

Long-Term Liabilities 711,135.0 146.0 - 2,638,505.4 Bonds Payable - Domestic - - - 2,638,505.4 Loans Payable - Domestic - 146.0 - - Loans Payable – Foreign 711,070.2 - - - Other Long-Term Liabilities 64.8 - - -

991,508.3 3,279.1 2,100.2 4,672,026.7

EQUITY Government Equity - - 636,383.6 125,000.0 Capital Stock - 7,232.7 - - Appraisal Capital - 20,808.7 - - Donated Capital 48,027.9 - - - Retained Earnings(Deficit) (303,505.1) (3,727.6) 27,100.8 (524,773.8)

(255,477.2) 24,313.8 663,484.3 (399,773.8)

736,031.0 27,593.0 665,584.5 4,272,252.8



Liabilities and Equity

TOTAL ASSETS

TOTAL LIABILITIES

TOTAL EQUITY

183

Income 26,736,047.0 750,953.3 6,739,780.8 Permits and Licenses 291,449.7 192.9 -

Fishery Rental Fees 37,486.5 - - Franchising and Licensing Fees 27,920.2 - - Permit Fees 116,189.6 177.5 - Registration Fees 7,285.7 15.4 - Fines and Penalties - Permits and Licenses 7.6 - - Other Permits and Licenses 102,560.1 - -

Service Income 8,135,881.3 56,356.4 - Athletic and Cultural Fees 464,003.9 - - Clearance and Certification Fees 37,271.9 1,864.5 - Garbage Fees 11,036.6 4.4 - Inspection Fees 375.3 - - Medical, Dental and Laboratory Fees 1,904.0 - - Processing Fees 388,186.1 13,312.6 - Training and Seminar Fees 3,794.3 - - Toll and Terminal Fees 1,466,736.3 - - Other Service Income 5,750,528.4 41,170.6 - Fines and Penalties - Service Income 12,044.6 4.3 -

Business Income 13,953,586.0 447,925.8 5,920,360.3 Rent Income 3,975,513.2 288,391.0 - Sales Revenue 206,159.8 159,534.8 - Income from Communication Facilities 185.4 - - Income from Dormitory/Guest Houses/Cottages Operations 1,510.6 - - Income from Waterworks Systems 20,065.2 - - Landing and Parking Fees 1,606,014.1 - - Printing/Publication Income 341.5 - - Other Business Income 8,138,010.7 - 5,920,360.3 Fines and Penalties - Business Income 5,785.6 - -

Other Income 2,290,772.2 246,478.2 - Dividend Income 391,484.9 2.0 - Insurance Income 600.0 600.0 - Interest Income 1,227,024.9 241,350.6 - Income from Joint Ventures 479,345.8 876.6 - Income from Grants and Donations 1,017.1 - - Miscellaneous Income 166,739.7 3,649.2 - Other Fines and Penalties 24,559.9 - -

Gain/Premiums 2,064,357.7 - 819,420.5 Gain/Loss on Foreign Exchange (FOREX) 1,269,222.2 - 34,559.2 Gain/Loss on Sale of Disposed Assets 10,274.1 - - Gain/Loss on Revaluation 784,861.3 - 784,861.3

Less: Share of National Government 565,002.0 - - Income after Share of National Government 26,171,045.0 750,953.3 6,739,780.8

Expenses 20,646,385.3 836,005.8 3,143,885.0 Personal Services 4,342,355.2 536,126.2 928,004.6

Salaries and Wages 2,051,255.4 278,885.5 429,755.1 Other Compensation 1,050,210.2 202,628.6 - Personnel Benefit Contributions 275,196.7 35,825.4 63,729.5 Other Personnel Benefits 965,692.9 18,786.6 434,520.0

Industrial and Area Development and Regulatory ClusterDetailed Statement of Income and Expenses


TOTAL NHA PPAACCOUNT TITLE

184



TOTAL NHA PPAACCOUNT TITLE

Maintenance and Other Operating Expenses 14,560,807.0 295,933.0 1,992,115.0 Cost of Good Sold 13,301.2 - - Travelling Expenses 50,188.7 4,047.6 16,120.6 Training and Scholarship Expenses 10,248.5 377.7 - Supplies Expenses 275,876.1 17,494.0 23,131.1 Utility Expenses 5,521,202.1 17,013.1 142,027.9 Communication Expenses 79,655.9 4,046.0 18,450.7 Membership Dues and Contributions to Organizations 466.1 1.0 - Awards and Indemnities 5,742.1 - - Advertising, Promotional and Marketing Expenses 16,819.8 331.7 561.8 Printing and Binding Expenses 7,467.7 1,449.6 - Rent Expenses 155,853.5 3,413.4 12,264.5 Representation Expenses 20,264.3 1,573.0 6,689.6 Transportation and Delivery Expenses 1,357.0 5.1 - Subscription Expenses 4,221.8 193.2 - Survey Expenses 791.0 590.8 - Rewards and Other Claims 78,837.0 78,837.0 -

Professional Services 2,139,190.9 25,500.1 164,239.9 Repairs and Maintenance 503,915.1 4,067.3 161,650.2 Subsidies and Donations 302,822.2 91,861.7 12,245.3 Confidential, Intelligence, Extraordinary and Miscelllaneous 236,050.4 1,368.8 140,192.9 Taxes, Insurance, Premiums and Other Fees 615,390.5 21,217.2 247,424.6 Bad Debts Expenses 85,035.3 10,118.2 14,621.7 Depreciation 3,415,975.4 9,090.0 761,161.0 Other Maintenance and Operating Expenses 853,184.0 1,281.1 244,515.8 Losses 166,950.7 2,055.5 26,817.2

Financial Expenses 1,743,223.1 3,946.6 223,765.4 Bank Charges 9,602.8 123.1 - Commitment Fees 10.1 - - Documentary Stamp Expenses 10,215.8 2,546.1 - Interest Expenses 706,711.5 1,277.4 223,765.4 Other Financial Charges 1,016,682.9 - -

Net Income(Loss) Before Subsidy 5,524,659.7 (85,052.6) 3,595,895.9 Add: Subsidy from Other National Government Agencies 1,808,000.0 1,630,000.0 -

Subsidy from GOCCs 17,992.5 - -

Net Income Before Tax 7,350,652.1 1,544,947.4 3,595,895.9 Less: Provision for Income Tax 548,933.5 - 340,640.0

NET INCOME AFTER TAX 6,801,718.6 1,544,947.4 3,255,255.9


185

Income 496,857.9 4,956,784.0 737,479.9 Service Income - 1,676,909.0 -

Toll and Terminal Fees - 1,463,710.0 - Other Service Income - 213,199.0 -

Business Income 472,016.1 3,029,661.0 720,104.3 Rent Income - 1,087,759.0 200,289.6 Landing and Parking Fees - 1,436,412.0 169,602.1 Other Business Income 472,016.1 504,504.0 350,212.7 Fines and Penalties - Business Income - 986.0 -

Other Income 24,841.9 222,718.0 16,253.6 Dividend Income - 1,664.0 420.6 Interest Income - 206,363.0 13,945.4 Miscellaneous Income 24,841.9 13,794.0 1,774.7 Other Fines and Penalties - 897.0 112.9

Gain/Premiums - 27,496.0 1,122.0 Gain/Loss on Foreign Exchange (FOREX) - 27,382.0 177.9 Gain/Loss on Sale of Disposed Assets - 114.0 944.1

Less: Share of National Government - 565,002.0 - Income after Share of National Government 496,857.9 4,391,782.0 737,479.9

Expenses 217,788.0 4,209,518.0 465,256.1 Personal Services 63,537.4 703,977.0 154,885.7

Salaries and Wages 30,679.8 222,440.0 80,478.8 Other Compensation - 408,562.0 50,833.3 Personnel Benefit Contributions 4,032.7 32,946.0 12,117.1 Other Personnel Benefits 28,824.8 40,029.0 11,456.5

Maintenance and Other Operating Expenses 154,250.6 3,091,095.0 310,370.4 Travelling Expenses 635.9 454.0 1,375.4 Training and Scholarship Expenses - 6,047.0 257.4 Supplies Expenses 2,833.3 45,731.0 14,884.4 Utility Expenses 4,164.8 400,991.0 74,800.5 Communication Expenses 1,053.3 2,770.0 1,516.5 Membership Dues and Contributions to Organizations - 25.0 - Awards and Indemnities - 1,870.0 - Advertising, Promotional and Marketing Expenses - 1,578.0 222.3 Printing and Binding Expenses 2,970.6 322.0 - Rent Expenses - 86,469.0 25.0 Representation Expenses - 2,062.0 - Transportation and Delivery Expenses - - 230.6 Subscription Expenses - 1,829.0 114.8 Survey Expenses - 45.0 - Professional Services 27,002.1 1,307,588.0 20,162.0 Repairs and Maintenance 19,384.3 204,595.0 49,902.9 Subsidies and Donations - 20,653.0 - Confidential, Intelligence, Extraordinary and Miscelllaneous 4,291.1 29,580.0 99.3 Taxes, Insurance, Premiums and Other Fees 33,225.3 53,180.0 68,335.3 Bad Debts Expenses - 2,295.0 2,207.4 Depreciation 56,915.6 922,569.0 59,426.2 Other Maintenance and Operating Expenses 1,774.3 442.0 16,768.3 Losses - - 42.2



CPA MIAA MCIAAACCOUNT TITLE

186



CPA MIAA MCIAAACCOUNT TITLE

Financial Expenses - 414,446.0 - Other Financial Charges - 414,446.0 -

Net Income Before Tax 279,069.9 182,264.0 272,223.8 Less: Provision for Income Tax 77,167.0 2,971.0 85,849.9

NET INCOME AFTER TAX 201,902.9 179,293.0 186,373.9


187

Income 31,986.3 6,937,806.6 1,992,561.2 Permits and Licenses - 60,318.2 -

Franchising and Licensing Fees - 6,283.6 - Permit Fees - 50,831.4 - Registration Fees - 3,203.2 -

Service Income - 5,773,990.2 529,929.8 Athletic and Cultural Fees - - 464,003.9 Garbage Fees - 11,032.2 - Processing Fees - 316,574.7 26,241.2 Toll and Terminal Fees - 2,926.5 - Other Service Income - 5,441,211.8 39,684.6 Fines and Penalties - Service Income - 2,244.9 -

Business Income 8,510.6 766,569.9 952,626.4 Rent Income - 722,466.9 952,626.4 Sales Revenue 8,510.6 - - Other Business Income - 40,533.6 - Fines and Penalties - Business Income - 3,569.3 -

Other Income 23,475.7 41,277.4 118,928.1 Dividend Income - 142.0 4,800.0 Interest Income - 34,711.7 85,676.8 Miscellaneous Income 23,475.7 4,191.7 7,184.3 Other Fines and Penalties - 2,232.0 21,266.9

Gain/Premiums - 295,651.0 391,076.9 Gain/Loss on Foreign Exchange (FOREX) - 293,517.0 384,731.5 Gain/Loss on Sale of Disposed Assets - 2,134.0 6,345.4

Expenses 36,483.7 5,797,920.0 2,095,037.2 Personal Services 15,573.4 482,124.0 363,655.3

Salaries and Wages 10,057.3 140,524.5 228,820.8 Other Compensation - 58,892.3 75,968.8 Personnel Benefit Contributions - 20,259.0 33,959.6 Other Personnel Benefits 5,516.1 262,448.1 24,906.1

Maintenance and Other Operating Expenses 20,910.3 5,224,526.0 1,499,124.6 Cost of Good Sold 9,679.4 - - Travelling Expenses 585.4 5,283.3 1,921.2 Training and Scholarship Expenses - 654.8 180.8 Supplies Expenses 341.6 18,960.7 82,301.2 Utility Expenses 1,438.3 4,707,123.8 102,241.1 Communication Expenses 566.3 6,733.4 16,511.4 Membership Dues and Contributions to Organizations - 163.3 - Awards and Indemnities 388.6 - - Advertising, Promotional and Marketing Expenses - 762.4 1,945.9 Printing and Binding Expenses - 202.9 136.5 Rent Expenses 1,370.3 14,909.8 2,043.3 Representation Expenses - 854.5 - Transportation and Delivery Expenses - 98.4 67.4 Subscription Expenses - 687.2 71.2 Survey Expenses - 155.2 - Professional Services 2,955.3 132,807.1 254,096.8 Repairs and Maintenance 1,077.9 11,933.9 11,650.0 Subsidies and Donations - 405.3 - Confidential, Intelligence, Extraordinary and Miscelllaneous 1,213.7 307.1 29,260.0



PADC PEZA SBMAACCOUNT TITLE

188



PADC PEZA SBMAACCOUNT TITLE

Taxes, Insurance, Premiums and Other Fees 741.6 13,455.7 26,697.2 Bad Debts Expenses - 10,724.5 28,319.8 Depreciation 302.0 252,920.1 799,499.0 Other Maintenance and Operating Expenses 250.0 45,382.4 142,181.7

Financial Expenses - 91,269.9 232,257.4 Bank Charges - 2.4 15.5 Commitment Fees - 0.5 - Interest Expenses - 91,267.1 166,540.1 Other Financial Charges - - 65,701.8

NET INCOME(LOSS) (4,497.4) 1,139,886.6 (102,476.1)


189

Income 237,817.3 9,065.1 35,986.1 Permits and Licenses - 47.4 18,575.8

Franchising and Licensing Fees - - 18,575.8 Permit Fees - 37.0 - Registration Fees - 10.4 -

Service Income - - 2,968.2 Processing Fees - - 462.0 Other Service Income - - 2,506.2

Business Income 237,687.1 948.6 3,713.1 Rent Income 5,614.1 833.5 2,216.8 Sales Revenue 23,541.9 - - Income from Dormitory/Guest Houses/Cottages Operations - - 1,496.3 Other Business Income 208,531.1 96.5 - Fines and Penalties - Business Income - 18.6 -

Other Income 130.2 8,069.0 10,729.0 Dividend Income - - - Interest Income 130.2 8,036.5 10,636.1 Income from Joint Ventures - - - Miscellaneous Income - 32.5 92.9

Expenses 292,984.5 68,164.7 51,254.0 Personal Services 257,691.4 27,213.4 12,047.9


Maintenance and Other Operating Expenses 35,244.8 40,951.2 39,206.1 Travelling Expenses 251.8 3,515.5 2,297.3 Training and Scholarship Expenses 200.0 127.9 400.6 Supplies Expenses 8,064.4 4,352.6 3,541.8 Utility Expenses 5,430.9 927.1 2,026.4 Communication Expenses 1,817.1 951.7 1,149.3 Membership Dues and Contributions to Organizations - 22.9 25.0 Advertising, Promotional and Marketing Expenses 111.6 249.3 618.5 Printing and Binding Expenses - 17.0 418.3 Rent Expenses 916.1 8.3 4,176.5 Representation Expenses 1,080.4 945.4 - Transportation and Delivery Expenses - 52.0 193.8 Subscription Expenses - - 74.8 Professional Services 5,263.8 6,423.6 9,919.8 Repairs and Maintenance 1,987.0 337.1 1,925.9 Confidential, Intelligence, Extraordinary and Miscelllaneous 4,443.2 1,329.6 1,162.5 Taxes, Insurance, Premiums and Other Fees 387.1 423.8 1,473.3 Bad Debts Expenses 36.3 - - Depreciation 1,136.6 19,780.5 8,720.0 Other Maintenance and Operating Expenses 4,118.7 1,463.9 1,082.2 Losses - 22.9 -



FSC ZCSEZA CEZAACCOUNT TITLE

190



FSC ZCSEZA CEZAACCOUNT TITLE

Financial Expenses 48.2 - - Bank Charges 48.2 - -

Net Income(Loss) Before Subsidy (55,167.2) (59,099.6) (15,267.8) Add: Subsidy from Other National Government Agencies 72,000.0 30,000.0 40,000.0

Net Income(Loss) Before Tax 16,832.8 (29,099.6) 24,732.2 Less: Provision for Income Tax 3,386.5 - -

NET INCOME(LOSS) AFTER TAX 13,446.3 (29,099.6) 24,732.2


191

Income 1,315,986.3 32,790.6 3,393.1 79.8 Business Income 293,620.1 2,661.0 3,317.7 -

Rent Income 247,368.6 - 1,982.2 - Other Business Income 46,251.5 2,661.0 1,335.4 -

Other Income 1,022,366.2 30,129.6 75.5 79.8 Dividend Income 384,407.4 - - - Interest Income 183,450.7 17,401.3 75.5 - Income from Joint Ventures 444,689.0 - - - Miscellaneous Income 9,819.0 12,728.3 - 79.8

Expenses 1,288,173.1 30,296.1 73,698.3 451.7 Personal Services 109,465.1 21,986.0 12,199.3 432.0

Salaries and Wages 49,631.6 8,700.2 8,530.6 - Other Compensation 9,388.3 1,868.6 - 432.0 Personnel Benefit Contributions 6,323.7 162.2 556.7 - Other Personnel Benefits 44,121.6 11,255.0 3,112.0 -

Maintenance and Other Operating Expenses 926,076.0 8,310.1 61,499.0 19.7 Travelling Expenses 918.9 405.9 82.9 - Training and Scholarship Expenses 387.4 8.8 - - Supplies Expenses 8,137.3 285.6 1,516.5 0.3 Utility Expenses 8,639.7 83.3 4,102.5 - Communication Expenses 5,907.3 293.0 - - Advertising, Promotional and Marketing Expenses 3,139.3 52.4 - - Rent Expenses 13,535.9 1,314.5 443.7 - Professional Services 2,682.2 - - - Repairs and Maintenance 2,317.5 260.3 175.7 - Subsidies and Donations 167,352.8 - - - Confidential, Intelligence, Extraordinary and Miscelllaneous 9,129.9 1,174.0 430.4 - Taxes, Insurance, Premiums and Other Fees 64,629.3 1,931.9 118.1 17.2 Bad Debts Expenses 6,979.8 - - - Depreciation 218,441.8 1,596.1 26,286.9 2.2 Other Maintenance and Operating Expenses 288,870.0 904.3 28,342.4 - Losses 125,006.8 - - -

Financial Expenses 252,632.0 - - - Commitment Fees 9.6 - - - Other Financial Charges 252,622.4 - - -

Net Income(Loss) Before Subsidy 27,813.3 2,494.5 (70,305.2) (371.9) Add: Subsidy from GOCCs - - 17,992.5 -

Net Income(Loss) Before Tax 27,813.3 2,494.5 (52,312.7) (371.9) Less: Provision for Income Tax 14,962.6 307.8 - -

NET INCOME(LOSS) AFTER TAX 12,850.7 2,186.8 (52,312.7) (371.9)


PCEC



ACCOUNT TITLE BCDA BCDA-MHI BTPI

192

Income 418,117.7 36,203.7 35,713.0 656,590.6 Permits and Licenses - - 35.1 10,679.7

Franchising and Licensing Fees - - - 2,946.2 Permit Fees - - - 5,218.0 Registration Fees - - 20.0 - Other Permits and Licenses - - 15.1 2,515.5

Service Income - - - 16,395.2 Clearance and Certification Fees - - - 186.6 Inspection Fees - - - 375.3 Medical, Dental and Laboratory Fees - - - 471.8 Processing Fees - - - 13,566.2 Other Service Income - - - 1,795.3

Business Income - 35,127.9 34,395.8 601,106.2 Rent Income - 607.4 64.5 362,613.8 Sales Revenue - 565.4 - - Other Business Income - 33,955.1 34,331.3 238,492.4

Other Income 2,473.7 1,075.8 745.8 28,409.4 Dividend Income - - - 34.7 Interest Income 2,458.5 1,075.8 679.1 16,258.2 Miscellaneous Income 15.2 - 66.7 12,116.5

Gain/Premiums 415,644.0 - 536.3 - Gain/Loss on Foreign Exchange (FOREX) 415,644.0 - - - Gain/Loss on Sale of Disposed Assets - - 536.3 -

Expenses - 39,435.9 35,390.0 554,243.4 Personal Services - 16,113.8 14,492.0 303,499.5

Salaries and Wages - 8,916.8 8,052.0 173,974.2 Other Compensation - 3,911.3 2,748.7 75,966.6 Personnel Benefit Contributions - 496.4 673.6 11,771.9 Other Personnel Benefits - 2,789.3 3,017.7 41,786.9

Maintenance and Other Operating Expenses - 23,322.1 20,897.9 249,687.4 Travelling Expenses - 292.0 846.0 1,061.2 Training and Scholarship Expenses - - 25.7 112.7 Supplies Expenses - 650.7 1,930.5 11,973.2 Utility Expenses - 861.2 985.6 20,174.5 Communication Expenses - 434.6 773.9 5,174.3 Membership Dues and Contributions to Organizations - 5.3 - 178.6 Awards and Indemnities - - - 3,483.5 Advertising, Promotional and Marketing Expenses - 227.0 1,317.6 3,895.0 Printing and Binding Expenses - - - 1,617.8 Rent Expenses - - 20.7 235.7 Representation Expenses - 159.0 147.1 2,772.7 Subscription Expenses - 28.1 29.0 389.4 Professional Services - 8,454.6 7,177.4 85,920.5 Repairs and Maintenance - 2,313.1 1,633.7 11,785.7 Subsidies and Donations - - - 9,344.2 Confidential, Intelligence, Extraordinary and Miscelllaneous - 121.1 415.6 146.4 Taxes, Insurance, Premiums and Other Fees - 270.0 973.3 1,934.4 Bad Debts Expenses - - 81.8 5,954.9 Depreciation - 5,655.0 614.5 70,052.4 Other Maintenance and Operating Expenses - 3,850.5 3,925.4 1,217.6 Losses - - - 12,262.6

CDC



ACCOUNT TITLE NLRC JHMC PPMC

193

CDC



ACCOUNT TITLE NLRC JHMC PPMC

Financial Expenses - - - 1,056.5 Bank Charges - - - 10.6 Interest Expenses - - - 1,045.9

Net Income(Loss) Before Tax 418,117.7 (3,232.2) 323.0 102,347.2 Less Provision for Income Tax - - - 14,947.7

NET INCOME(LOSS) AFTER TAX 418,117.7 (3,232.2) 323.0 87,399.5


194

Income 2,226.9 438,280.0 123,618.0 212,184.5 Permits and Licenses - - 69,357.5 132,243.1

Fishery Rental Fees - - 37,486.5 - Franchising and Licensing Fees - - - 114.5 Permit Fees - - 20,795.5 39,130.2 Registration Fees - - - 4,036.7 Fines and Penalties - Permits and Licenses - - - 7.6 Other Permits and Licenses - - 11,075.5 88,954.1

Service Income - 33,478.8 24,382.1 20,456.3 Athletic and Cultural Fees - - - - Clearance and Certification Fees - - 17,737.7 17,483.1 Medical, Dental and Laboratory Fees - - - 1,432.3 Processing Fees - 16,206.0 623.8 692.2 Training and Seminar Fees - - 3,794.3 - Other Service Income - 8,734.5 2,226.4 - Fines and Penalties - Service Income - 8,538.4 - 848.8

Business Income 2,130.0 366,221.9 14,522.7 4,087.3 Rent Income 2,130.0 96,436.8 242.4 3,796.8 Sales Revenue - 1,449.7 - - Printing/Publication Income - - - 290.5 Other Business Income - 268,335.4 14,280.4 -

Other Income 14.8 38,579.3 15,355.7 55,397.7 Dividend Income - 5.8 0.6 7.9 Interest Income 0.0 3,907.6 9,835.1 8,753.2 Income from Joint Ventures - 33,780.2 - - Income from Grants and Donations - - 500.0 - Miscellaneous Income 14.7 882.2 5,020.0 46,636.7 Other Fines and Penalties - 3.4 - -

Gain/Premiums 82.2 - - - Gain/Loss on Sale of Disposed Assets 82.2 - - -


Salaries and Wages 3,162.8 26,977.0 34,125.2 97,103.6 Other Compensation 1,080.0 18,717.8 13,925.9 59,615.0 Personnel Benefit Contributions 82.2 3,896.1 4,862.1 26,074.8 Other Personnel Benefits 4.8 4,338.6 1,461.5 -

Maintenance and Other Operating Expenses 109,515.6 127,388.8 60,271.9 112,985.5 Travelling Expenses - 604.6 543.2 5,917.1 Training and Scholarship Expenses - 156.8 350.4 305.9 Supplies Expenses 104.1 1,686.2 8,377.3 13,647.8 Utility Expenses 1,024.3 4,819.1 3,550.5 10,854.3 Communication Expenses 153.4 2,448.7 1,666.5 4,046.4 Membership Dues and Contributions to Organizations - - 15.0 30.0 Advertising, Promotional and Marketing Expenses - 240.3 579.0 147.0 Printing and Binding Expenses - 53.6 71.9 135.6 Rent Expenses - 554.0 1,947.2 350.0 Representation Expenses - 966.9 1,944.0 82.7 Transportation and Delivery Expenses 12.9 - - 579.4 Subscription Expenses - 142.6 47.5 229.8

SRA



ACCOUNT TITLE FCCC PRA LLDA

195

SRA



ACCOUNT TITLE FCCC PRA LLDA

Professional Services 100.0 20,961.8 5,141.9 17,430.2 Repairs and Maintenance 46.0 5,365.3 1,536.7 7,020.9 Subsidies and Donations - - - 500.0 Confidential, Intelligence, Extraordinary and Miscelllaneous 5.7 9,507.4 112.2 179.7 Taxes, Insurance, Premiums and Other Fees 7.7 73,392.5 1,092.3 2,766.3 Bad Debts Expenses 665.6 851.7 - - Depreciation 107,395.9 3,086.7 11,992.6 47,523.7 Other Maintenance and Operating Expenses - 2,550.4 21,303.8 495.0 Losses - - - 743.7

Financial Expenses 278,905.9 104,800.3 88.5 30.4 Bank Charges 0.7 335.6 19.8 - Documentary Stamp Expenses - 7,669.7 - - Interest Expenses - 91,867.0 19.6 - Other Financial Charges 278,905.3 4,928.0 49.0 30.4

Net Income(Loss) Before Subsidy (390,524.4) 152,161.6 8,883.0 (83,624.8) Add: Subsidy from Other National Government Agencies - - - 35,000.0

Net Income(Loss) Before Tax (390,524.4) 152,161.6 8,883.0 (48,624.8) Less: Provision for Income Tax - 8,701.1 - -

NET INCOME(LOSS) AFTER TAX (390,524.4) 143,460.5 8,883.0 (48,624.8)


196

Income 137,707.8 12,611.8 42,042.7 341,421.8 Service Income 99.8 - 915.5 -

Processing Fees - - 507.3 - Toll and Terminal Fees 99.8 - - - Fines and Penalties - Service Income - - 408.2 -

Business Income 23,714.8 12,557.4 - - Rent Income 73.3 - - - Sales Revenue - 12,557.4 - - Income from Communication Facilities 185.4 - - - Income from Dormitory/Guest Houses/Cottages Operations 14.3 - - - Income from Waterworks Systems 20,065.2 - - - Printing/Publication Income 51.0 - - - Other Business Income 2,113.9 - - - Fines and Penalties - Business Income 1,211.6 - - -

Other Income 684.9 12.5 41,048.8 341,421.8 Interest Income 2.7 12.5 40,890.5 341,373.8 Income from Grants and Donations 517.1 - - - Miscellaneous Income 165.2 - 158.3 0.3 Other Fines and Penalties - - - 47.7

Gain/Premiums 113,208.4 42.0 78.4 - Gain/Loss on Foreign Exchange (FOREX) 113,208.4 - 2.3 - Gain/Loss on Sale of Disposed Assets - 42.0 76.1 -

Expenses 124,748.9 11,509.9 61,097.9 123,629.2 Personal Services 16,200.2 4,520.3 682.4 2,501.0

Salaries and Wages 11,904.2 2,714.6 298.8 1,281.6 Other Compensation 3,240.3 859.3 224.9 687.7 Personnel Benefit Contributions 747.6 136.9 42.8 184.8 Other Personnel Benefits 308.1 809.5 115.8 347.0

Maintenance and Other Operating Expenses 74,855.6 6,989.6 60,354.3 14,906.6 Cost of Good Sold - 3,621.7 - - Travelling Expenses 730.1 86.3 1,209.1 1,003.6 Training and Scholarship Expenses 45.1 - 607.2 2.4 Supplies Expenses 2,727.6 1,320.8 1,717.1 164.9 Utility Expenses 2,456.6 127.7 5,007.8 330.1 Communication Expenses 698.1 54.6 2,265.1 174.0 Advertising, Promotional and Marketing Expenses 17.2 - 816.5 7.0 Printing and Binding Expenses - - 71.8 - Rent Expenses 187.5 - 11,199.4 468.9 Representation Expenses - - 898.8 88.1 Transportation and Delivery Expenses 30.3 - 76.9 10.2 Subscription Expenses - - 44.5 340.6

Professional Services 779.8 230.4 30,886.5 3,467.0 Repairs and Maintenance 475.6 320.4 2,123.6 28.9 Subsidies and Donations 19.8 - - 440.0 Confidential, Intelligence, Extraordinary and Miscelllaneous 255.5 241.7 967.8 114.6 Taxes, Insurance, Premiums and Other Fees 631.4 267.9 468.7 328.8 Bad Debts Expenses - 229.2 1,949.3 - Depreciation 31,116.9 489.0 - 201.6 Other Maintenance and Operating Expenses 34,684.3 - 44.2 7,735.8

PSC



ACCOUNT TITLE PDA MRHI GTEB

197

PSC



ACCOUNT TITLE PDA MRHI GTEB

Financial Expenses 33,693.1 - 61.2 106,221.6 Bank Charges 8,981.9 - 61.2 3.8 Interest Expenses 24,711.2 - - 106,217.8

Net Income(Loss) Before Subsidy 12,958.9 1,101.9 (19,055.2) 217,792.6 Add: Subsidy from Other National Government Agencies 1,000.0 - - -

NET INCOME(LOSS) AFTER TAX 13,958.9 1,101.9 (19,055.2) 217,792.6


198

Government Equity Balance at beginning of the year 17,509,140.4 - 4,322,015.8 4,159,925.9 Additions/Deductions 3,970.3 - 5,091.4 - Balance at end of the year 17,513,110.7 - 4,327,107.2 4,159,925.9

Capital Stock Balance at beginning of the year 104,515,889.9 2,893,406.8 - - Deposit for Future Subscriptions 301,792.1 - - - Additions/Deductions (3,066,346.3) - - - Balance at end of the year 101,751,335.7 2,893,406.8 - -

Subscribed Capital Stock Balance at beginning of the year 889,201.0 - - - Additions/Deductions 464.2 - - - Balance at end of the year 889,665.2 - - -

Donated Capital Balance at beginning of the year 776,148.5 140,764.8 586,217.3 - Additions/Deductions 65,693.6 193.5 450.4 - Balance at end of the year 841,842.2 140,958.2 586,667.6 -

Paid-in Capital Stock in Excess of Par Value Balance at beginning of the year 313,868.7 - - - Additions/Deductions - - - - Balance at end of the year 313,868.7 - - -

Appraisal Capital Balance at beginning of the year 66,752,498.8 3,011,496.0 51,777,502.7 - Additions/Deductions 15,350,262.1 (337.1) (1,901.7) - Balance at end of the year 82,102,760.9 3,011,158.9 51,775,601.0 -

Restricted Capital Balance at beginning of the year 1,760,225.5 - 353,530.2 - Additions/Deductions - - - - Balance at end of the year 1,760,225.5 - 353,530.2 -

Retained Earnings Balance at beginning of the year 20,893,538.6 9,469,511.7 10,229,576.1 156,427.7 Prior Years’ Adjustments (1,585,590.0) (168,544.6) 996,569.9 3,377.3 Changes during the year (120,038.2) - - - Net Income/Loss for the year 6,801,718.6 1,544,947.4 3,255,255.9 201,902.9 Dividends (1,378,684.0) (8,378.7) (992,075.4) (100,951.5) Balance at end of the year 24,610,945.0 10,837,535.9 13,489,326.5 260,756.5

Total Equity 229,783,753.9 16,883,059.8 70,532,232.5 4,420,682.4


Industrial and Area Development and Regulatory ClusterDetailed Statement of Changes in EquityFor the Year Ended December 31, 2005

(in thousand pesos)

CPAParticulars Total NHA PPA

199

Government Equity Balance at beginning of the year 7,471,998.0 4,683.0 - 9,556.2 Additions/Deductions - - - - Balance at end of the year 7,471,998.0 4,683.0 - 9,556.2

Capital Stock Balance at beginning of the year - 1,724,121.3 257,667.4 2,000,000.0 Additions/Deductions - - - - Balance at end of the year - 1,724,121.3 257,667.4 2,000,000.0

Paid-in Capital Stock in Excess of Par Value - - - - Balance at beginning of the year - - - 313,868.7 Additions/Deductions - - - - Balance at end of the year - - - 313,868.7

Appraisal Capital Balance at beginning of the year - - - 86,702.5 Additions/Deductions 1,198,634.0 - - - Balance at end of the year 1,198,634.0 - - 86,702.5

Restricted Capital - - - - Balance at beginning of the year 1,365,753.0 - - - Additions/Deductions - - - - Balance at end of the year 1,365,753.0 - - -

Retained Earnings Balance at beginning of the year 3,326,548.0 622,976.1 (117,695.7) (806,221.4) Prior Years’ Adjustments (488,014.0) (15,638.4) 80.7 (326,545.6) Changes during the year - - - (120,038.2) Net Income/Loss for the year 179,293.0 186,373.9 (4,497.4) 1,139,886.6 Dividends (90,794.0) (100,623.5) - - Balance at end of the year 2,927,033.0 693,088.0 (122,112.4) (112,918.5)

Total Equity 12,963,418.0 2,421,892.4 135,555.0 2,297,208.8



(in thousand pesos)

Particulars PEZAMIAA MCIAA PADC

200

Government Equity Balance at beginning of the year - - 450,500.3 - Additions/Deductions - - - - Balance at end of the year - - 450,500.3 -

Capital Stock Balance at beginning of the year 19,942,815.5 1,789.2 - 322,500.0 Deposit for Future Subscriptions - - - - Additions/Deductions - (289.2) - 50,000.0 Balance at end of the year 19,942,815.5 1,500.0 - 372,500.0

Donated Capital Balance at beginning of the year - - - - Additions/Deductions 37,617.7 - - 26,740.7 Balance at end of the year 37,617.7 - - 26,740.7

Appraisal Capital - - - - Balance at beginning of the year 2,993,135.0 - - - Additions/Deductions (687,458.3) - - - Balance at end of the year 2,305,676.7 - - -

Restricted Capital Balance at beginning of the year 306.5 - - - Additions/Deductions - - - - Balance at end of the year 306.5 - - -

Retained Earnings Balance at beginning of the year (2,005,648.0) 88,625.6 33,847.5 301,074.2 Prior Years’ Adjustments (848,434.4) (35,712.1) 23,683.5 (202,949.1) Net Income/Loss for the year (102,476.1) 13,446.3 (29,099.6) 24,732.2 Balance at end of the year (2,956,558.4) 66,359.8 28,431.4 122,857.3

Total Equity 19,329,857.9 67,859.8 478,931.6 522,098.0



(in thousand pesos)

Particulars CEZASBMA FSC ZCSEZA

201

Government Equity Balance at beginning of the year - - - 257,507.7 - Additions/Deductions - - - (371.9) - Balance at end of the year - - - 257,135.8 -

Capital Stock Balance at beginning of the year 69,956,932.9 280,000.0 100,000.0 - 100,000.0 Deposit for Future Subscriptions - - - - - Additions/Deductions (3,232,674.1) - - - - Balance at end of the year 66,724,258.8 280,000.0 100,000.0 - 100,000.0

Donated Capital - - - - - Balance at beginning of the year 1,137.7 - - - - Additions/Deductions - - - - - Balance at end of the year 1,137.7 - - - -

Retained Earnings Balance at beginning of the year 1,886,047.1 23,661.8 (26,469.3) - 81,441.3 Prior Years’ Adjustments (271,148.5) - (25,938.5) 371.9 - Net Income/Loss for the year 12,850.7 2,186.8 (52,312.7) (371.9) 418,117.7 Dividends - (2,148.1) - - - Balance at end of the year 1,627,749.3 23,700.4 (104,720.5) - 499,559.0

Total Equity 68,353,145.8 303,700.4 (4,720.5) 257,135.8 599,559.0



(in thousand pesos)

Particulars PCEC NLRCBCDA BCDA-MHI BTPI

202

Government Equity Balance at beginning of the year 3,366.4 15,000.0 - - Additions/Deductions - - - - Balance at end of the year 3,366.4 15,000.0 - -

Capital Stock Balance at beginning of the year - 76,294.2 1,930,464.2 1,500,000.0 Deposit for Future Subscriptions 301,792.1 - - - Additions/Deductions 120,000.0 (10,112.7) - - Balance at end of the year 421,792.1 66,181.5 1,930,464.2 1,500,000.0

Subscribed Capital Stock Balance at beginning of the year - - 889,201.0 - Additions/Deductions - - 464.2 - Balance at end of the year - - 889,665.2 -

Donated Capital Balance at beginning of the year - - - - Additions/Deductions - 692.4 - - Balance at end of the year - 692.4 - -

Retained Earnings Balance at beginning of the year (249,427.3) (43,211.1) (67,657.1) (2,108,534.1) Prior Years’ Adjustments (33,271.5) 536.8 8,488.4 (37,470.2) Changes during the year Net Income/Loss for the year (3,232.2) 323.0 87,399.5 (390,524.4) Balance at end of the year (285,931.0) (42,351.2) 28,230.7 (2,536,528.7)

Total Equity 139,227.6 39,522.6 2,848,360.1 (1,036,528.7)



(in thousand pesos)

Particulars CDC FCCCJHMC PPMC

203

Government Equity Balance at beginning of the year - - 53,203.6 Additions/Deductions - - (749.2) Balance at end of the year - - 52,454.4

Capital Stock Balance at beginning of the year 3,248,276.1 174,389.6 - Deposit for Future Subscriptions - - - Additions/Deductions - 6,729.7 - Balance at end of the year 3,248,276.1 181,119.3 -

Appraisal Capital Balance at beginning of the year 8,862,854.0 - - Additions/Deductions 14,841,325.2 - - Balance at end of the year 23,704,179.1 - -

Restricted Capital Balance at beginning of the year - 40,635.8 - Additions/Deductions - - - Balance at end of the year - 40,635.8 -

Retained Earnings Balance at beginning of the year 692,313.5 23,067.2 434,957.6 Prior Years’ Adjustments (296,570.8) (5,564.9) 104,135.3 Net Income/Loss for the year 143,460.5 8,883.0 (48,624.8) Dividends (72,496.7) (11,216.2) - Balance at end of the year 466,706.6 15,169.2 490,468.1

Total Equity 27,419,161.8 236,924.3 542,922.5



(in thousand pesos)

SRAPRA LLDAParticulars

204

Government Equity Balance at beginning of the year - - 636,383.6 125,000.0 Additions/Deductions - - - - Balance at end of the year - - 636,383.6 125,000.0

Capital Stock Balance at beginning of the year - 7,232.7 - - Additions/Deductions - - - - Balance at end of the year - 7,232.7 - -

Donated Capital Balance at beginning of the year 48,028.8 - - - Additions/Deductions (0.9) - - - Balance at end of the year 48,027.9 - - -


Retained Earnings Balance at beginning of the year (303,915.1) (2,988.0) - (744,769.8) Prior Years’ Adjustments (13,549.0) (1,841.5) 46,156.0 2,203.3 Net Income/Loss for the year 13,958.9 1,101.9 (19,055.2) 217,792.6 Balance at end of the year (303,505.1) (3,727.6) 27,100.8 (524,773.8)

Total Equity (255,477.2) 24,313.8 663,484.3 (399,773.8)


PSC


(in thousand pesos)

PDA MRHI GTEBParticulars

205

Cash Flows from Operating ActivitiesCash Inflows:

Collection of Operating Income/Other Income 12,514,874.7 - 5,810,839.6 Cash Receipts from Sale of Goods and Inventories 164,187.7 - - Rentals 195,000.8 - - Interest and Commission 36,263.6 - - Fees, Commission & Other Income 71.8 - - Collection from customers/beneficiaries/awardees 6,776,863.5 1,071,520.1 - Collection of Receivables 1,270,812.8 - - Collection of Receivables from employees 1,141.9 - - Cash Received from Other Sources 39.8 - - Collection of Receivables 3,331.3 - - Collection Held in Trust 1,192,494.2 - - Collection for Unliquidated damages 9,112.8 - - Interest Earned/Income 292,223.1 - - Other Receipts 338,094.0 25,301.4 - Receipt of subsidy, financial assistance,advances, grants and donations 180,984.5 56,027.1 - Tranfer of funds from HO/Branch/Subsidiaries 1,432,455.7 - - Refund from payment of expenses 14,191.3 - 5,505.5 Gain on Foreign Exchange 81.9 - - Receipt of Guaranty Deposits 11,217.6 - - Receipt of Performance/Bidders/Bail/Bonds/Other Deposits 15,976.8 - - Gain/Proceed from Sale of Assets/Acquired Assets 660,735.0 - - Receipt of Refund from Cash Advance/Petty Cash/ Reinsurance Premium 121.0 - - Correction of Prior Years' Income 882.8 - - Unreleased/Cancelled Stale Checks 634.9 - - Increase in Deposit Liabilities 1,279.0 - - Grants and Donations 21.1 - - Collection from Various Entities 273,280.8 - - Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense 1,711.5 - - Adjustments (265.2) - -

Total Cash Inflows 25,387,821.1 1,152,848.6 5,816,345.2

Cash Outflows:Payment of Operating Expenses 7,473,477.0 - 2,621,538.7 Payment of Accounts Payable 291,854.9 - - Payment of Personal Services 33,716.0 - - Cash Payments to Suppliers/Customers/Employees 5,518,041.4 957,778.0 - Cash payment from trust receipts 106,598.2 - - Financial expenses 181,653.0 - -

` Payment of Interests 11,463.0 - - Other Cash Payment 23,094.8 - - Loan Releases 62,465.6 29,794.4 - Payment of Accounts Payable 17,318.8 - - Payment to Suppliers and Employees, Service Providers 772,199.6 - - Payment of Other Expenses 104,006.7 - - Payment of Taxes and Licenses 271,833.2 - - Payment of Guaranty Deposits 4,658.4 4,151.0 - Payment Performance/Bidders/Bail/Bonds/Other Deposits 4,882.8 - 889.4 Cash applied to unearned income 4,867.2 - 1,997.2 Remittances to Various Entities 799,140.4 74,371.5 - Trust Liabilities and Deferred Credits 450,083.5 - - Trust Liabilities & Deferred Credits 54,482.7 - 54,482.7 Payment of Taxes and Licenses 270,438.9 - - Loans and Advances to Employees 126.5 - - Payment for Project Expenses 4,341.9 - -

Industrial and Area Development and Regulatory ClusterDetailed Statement of Cash Flows, By GOCCs


Particulars TOTAL NHA PPA

206




Payment of Prior Year's Expenditures 386,620.1 - - Prepayments 22,845.3 - - Payment for Purchase of Inventories 985.1 - - Remittances of dividends 14,693.7 - - Investment in Stocks/Treasury Bills 3,737.2 - - Financial Assistance 1,063,114.4 1,063,114.4 - Loss on Foreign Exchange 11,446.8 - - Remittance of Share of National Government 168,581.0 - - Transfer of Funds to HO/Branch/Other Agencies 873,863.3 - - Refund of Oversettlement of Disallowance, Deposits, Unused 1,319.9 - - Refund of Guaranty Deposits/Other Deposits 95.8 - - Advances to Other Agencies/GOCCs 142,029.0 - - Payment of Prepaid Expenses 339.3 - - Granting of Cash Advance/Petty Cash Fund 2,321.5 - - Reclassification of Current Assets to Non Current 1,503.8 - - Adjustments 8,031.6 - -

Total Cash Outflows 19,162,272.1 2,129,209.3 2,678,908.0 Cash Provided by (Used in) from Operating Activities 6,225,549.0 (976,360.7) 3,137,437.2

Cash Flows from Investing ActivitiesCash Inflows:

Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment 1,026,094.0 183,312.0 - Short-Term Investments 38,577.9 - - Dividends received 462,550.8 - - Collections of Receivables from Loans, Installment Sales 22.5 - - Interest Earned/Income 490,855.8 - - Refund of investments 4,699.9 - - Proceeds from Investments/Sinking Fund/Long-term 169,035.6 - 169,035.6 Proceeds from Sale of Fixed Assets 4,732.5 42.6 - Other Income 59,173.6 - -

Total Cash Outflows 2,255,742.6 183,354.6 169,035.6

Cash Outflows:Acquisition of Property, Plant and Equipment 4,968,337.4 981.8 759,150.4 Investment in Treasury Bills/Retail Treasury Bonds/ Marketable Securities/Stocks 1,662,119.6 177,278.2 - Investment in Retail Treasury Bonds/Marketable Securities/Stocks 160,107.2 - - Investment in Joint Ventures 53,851.8 7,840.7 - Placement for Special Fund/Bonds/Deposits 543.9 543.9 - Loan/Advances Releases 458,033.0 - - Advances to employees/creditors/suppliers/contractors 570,107.5 - - Construction Cost/Capital expenditures 1,596,082.2 390,928.4 - Payment for Various Funded Projects 1,413,354.1 - 1,410,769.6 Payment for Advances/Loans 1,338.0 - - Remittance of Taxes 9.8 - - Research and Development Cost 17,327.1 - - Cash Payments for Construction of Building 1,172.6 - - Disbursement for Capital Expenditures 45,674.4 - - Gain/Loss from Foreign Exchange 743.7 - - Funding for Various Projects 2,370.0 - - Sinking Fund 295,231.6 - - Adjustments (152.3) - -

Total Cash Outflows 11,246,251.8 577,573.0 2,169,920.0 Cash Provided by (Used in) Investing Activities (8,990,509.2) (394,218.4) (2,000,884.5)

207




Cash Flows from Financing ActivitiesCash Inflows:

Proceeds from Borrowings 5,593,328.7 - - Loans 992,979.5 - 992,979.5 Proceeds from Grants and Government Subsidies 1,979,687.5 1,838,515.0 - Collection of subscription receivable 6,729.7 - - Loans/Advances from Affiliates 600,000.0 600,000.0 - Equity Received 50,000.0 - - Share from income/fees collected 3,435.5 - - Interest 46,631.8 46,631.8 - Advances received from BCDA 49,712.6 - -


Cash Outflows:Payment of Loans/Bonds Payable/Capital Stock Redeemed 442,011.9 30,063.5 - Debt Servicing 991,629.0 - - Repayment of Loans 1,834,029.7 10,620.7 568,256.5 Dividends Paid 768,725.7 7,563.8 613,499.4 Escrow fund 40,332.2 - - Loans/Lending 144,077.6 - 144,077.6 Interest Expense 225,997.4 1,392.4 - Other Expenses/Payables 253,249.2 15,094.0 -

Total Cash Outflows 4,700,052.6 64,734.5 1,325,833.5 Cash Provided by (Used in) Financing Activities 4,622,452.7 2,420,412.3 (332,854.0)

Effects of Exchange Rate Changes on Cash and Cash Equivalents (166,766.6) - (43,747.1)

Increase (Decrease) in Cash and Cash Equivalents 1,690,725.8 1,049,833.2 759,951.7

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated) 8,001,878.8 524,180.1 435,210.1



208


Collection of Operating Income/Other Income - 4,703,796.3 12,231.0 Interest and Commission 10,853.2 - - Collection from customers/beneficiaries/awardees 507,366.8 - 4,159,458.6 Collection Held in Trust - 1,066,874.0 - Interest Earned/Income - 208,714.0 4,216.2 Other Receipts - 293,235.0 1.9 Tranfer of funds from HO/Branch/Subsidiaries - - 1,271,438.3 Gain on Foreign Exchange - - 81.9 Receipt of Guaranty Deposits - - 54.4 Receipt of Performance/Bidders/Bail/Bonds/Other Deposits - - 557.7 Correction of Prior Years' Income - - 882.8 Unreleased/Cancelled Stale Checks - - 634.9

Total Cash Inflows 518,220.1 6,272,619.3 5,449,557.7

Cash Outflows:Payment of Operating Expenses - 2,330,386.0 1,475,209.9 Payment of Accounts Payable - - 182,020.1 Cash Payments to Suppliers/Customers/Employees 185,741.4 - 2,163,869.3

` Payment of Interests 11,463.0 - - Other Cash Payment - 22,876.0 - Payment to Suppliers and Employees, Service Providers - 772,116.0 - Payment of Taxes and Licenses - - 266,472.6 Remittances to Various Entities - - 211,032.6 Trust Liabilities and Deferred Credits - 447,713.0 - Payment of Taxes and Licenses 60,524.5 - - Payment of Prior Year's Expenditures - 376,563.0 - Prepayments - - 1,074.6 Payment for Purchase of Inventories - - 781.6 Loss on Foreign Exchange - - 120.8 Remittance of Share of National Government - 168,581.0 - Transfer of Funds to HO/Branch/Other Agencies - - 724,309.7 Refund of Oversettlement of Disallowance, Deposits, Unused - - 1,319.9 Advances to Other Agencies/GOCCs - 117,279.0 - Reclassification of Current Assets to Non Current - - 1,503.8 Adjustments - - 359.6

Total Cash Outflows 257,728.8 4,235,514.0 5,028,074.5 Cash Provided by (Used in) Operating Activities 260,491.3 2,037,105.3 421,483.2

Cash flows From Investing ActivitiesCash Inflows:

Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment - - 188,761.2 Proceeds from Sale of Fixed Assets - 114.0 -

Total Cash Inflows - 114.0 188,761.2

Cash Outflows:Acquisition of Property, Plant and Equipment - 58,242.0 369,192.4 Investment in Treasury Bills/Retail Treasury Bonds/ Marketable Securities/Stocks - - 148,689.7 Investment in Retail Treasury Bonds/Marketable Securities/Stocks 160,107.2 - - Advances to employees/creditors/suppliers/contractors - 560,700.0 - Disbursement for Capital Expenditures 44,268.3 - -

Total Cash Outflows 204,375.5 618,942.0 517,882.1 Cash Provided by (Used in) Investing Activities (204,375.5) (618,828.0) (329,121.0)



MIAA PEZACPAParticulars

209



MIAA PEZACPAParticulars


Proceeds from Borrowings - - 78,249.9 Total Cash Inflows - - 78,249.9

Cash Outflows:Payment of Loans/Bonds Payable/Capital Stock Redeemed - - 334,359.6 Debt Servicing - 991,629.0 - Repayment of Loans 116,149.8 - - Dividends Paid 33,717.8 - - Interest Expense - - 91,267.8

Total Cash Outflows 149,867.5 991,629.0 425,627.4 Cash Provided by (Used in) Financing Activities (149,867.5) (991,629.0) (347,377.5)

Effects of Exchange Rate Changes on Cash and Cash Equivalents - (63,949.0) -

Increase (Decrease) in Cash and Cash Equivalents (93,751.8) 362,699.3 (255,015.3)

Add: Cash and Cash Equivalents, Beginning January 1, 2005( as restated) 249,679.4 1,762,534.0 962,910.2

Cash and Cash Equivalents, Ending December 31, 2005 155,927.7 2,125,233.3 707,894.9


210


Collection of Operating Income/Other Income 739,723.9 13,052.2 - 129,091.3 Interest and Commission 13,945.4 756.4 - - Collection from customers/beneficiaries/awardees - 25,333.8 829,416.3 6,073.2 Collection of Receivables - - 683,958.0 296,475.5 Collection Held in Trust - - 29,133.0 - Interest Earned/Income - - 78,185.0 - Other Receipts - 187.9 - - Receipt of subsidy, financial assistance,advances, grants and donations - - - 4,827.4 Refund from payment of expenses - - - 1,199.0 Receipt of Performance/Bidders/Bail/Bonds/Other Deposits - - 10,013.0 - Receipt of Refund from Cash Advance/Petty Cash/ Reinsurance Premium - - - 29.1

total Cash Inflows 753,669.3 39,330.3 1,630,705.3 437,695.5

Cash Outflows:Payment of Operating Expenses - - - 380,340.7 Payment of Accounts Payable - - - 9,375.9 Cash Payments to Suppliers/Customers/Employees 353,280.1 41,624.5 1,023,791.0 5,994.1 Cash payment from trust receipts - - 27,453.0 - Financial expenses - - 181,651.0 - Payment Performance/Bidders/Bail/Bonds/Other Deposits - - 673.0 - Cash applied to unearned income - - 2,870.0 - Remittances to Various Entities - - - 44,071.0 Payment of Taxes and Licenses 145,642.6 - - - Transfer of Funds to HO/Branch/Other Agencies 149,553.5 - - - Adjustments - - - 6,834.5

Total Cash Outflows 648,476.2 41,624.5 1,236,438.0 446,616.2 Cash Provided by (Used in) Operating Activities 105,193.1 (2,294.2) 394,267.3 (8,920.7)


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - - 14,403.0 -

Total Cash Inflows - - 14,403.0 -

Cash Outflows:Acquisition of Property, Plant and Equipment 202,678.4 - - 6,822.2 Investment in Treasury Bills/Retail Treasury Bonds/ Marketable Securities/Stocks - - 474,059.0 - Construction Cost/Capital expenditures - - 1,130,993.0 5,472.4 Disbursement for Capital Expenditures - 1,406.1 - - Funding for Various Projects - - 2,370.0 - Adjustments - - - (285.3)

Total Cash Outflows 202,678.4 1,406.1 1,607,422.0 12,009.3 Cash Provided by (Used in) Investing Activities (202,678.4) (1,406.1) (1,593,019.0) (12,009.3)



Particulars SBMA FSCMCIAA PADC

211



Particulars SBMA FSCMCIAA PADC


Proceeds from Borrowings - - 950,562.0 - Total Cash Inflows - - 950,562.0 -

Cash Outflows:Repayment of Loans - - 183,188.0 - Dividends Paid 100,623.5 - - -

Total Cash Outflows 100,623.5 - 183,188.0 - Cash Provided by (Used in) Financing Activities (100,623.5) - 767,374.0 -

Effects of Exchange Rate Changes on Cash and Cash Equivalents - (110.5) (54,975.0) -

Increase (Decrease) in Cash and Cash Equivalents (198,108.8) (3,810.9) (486,352.7) (20,930.0)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 459,440.7 31,317.5 1,328,785.0 38,340.9



212


Collection of Operating Income/Other Income 932.1 16,256.9 159,168.5 - Cash Receipts from Sale of Goods and Inventories - - 164,178.3 - Rentals - - 193,869.3 - Interest and Commission - 10,636.1 - - Collection from customers/beneficiaries/awardees - - - 46,193.4 Collection of Receivables 177.1 1,630.0 - - Collection Held in Trust - 3,072.8 - - Collection for Unliquidated damages - - 9,112.8 - Interest Earned/Income - - - - Other Receipts 213.8 - 15,385.3 1,257.7 Receipt of subsidy, financial assistance,advances, grants and donations - 40,000.0 - 13,592.3 Receipt of Guaranty Deposits - - 5,077.6 - Receipt of Performance/Bidders/Bail/Bonds/Other Deposit 227.0 - 302.4 - Gain/Proceed from Sale of Assets/Acquired Assets - - 660,140.0 - Receipt of Refund from Cash Advance/Petty Cash/ Reinsurance Premium 91.9 - - - Collection from Various Entities - - 235,677.6 37,603.2 Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense - 250.1 911.9 - Adjustments (265.2) - - -

Total Cash Inflows 1,376.7 71,845.9 1,443,823.6 98,646.6

Cash Outflows:Payment of Operating Expenses 47,376.7 30,701.6 - 13,453.6 Payment of Accounts Payable - 147.7 - - Payment of Personal Services - 12,155.0 - 9,953.7 Cash Payments to Suppliers/Customers/Employees - - 355,820.0 - Payment of Accounts Payable - - - 16,606.2 Payment to Suppliers and Employees, Service Providers - - - - Payment of Other Expenses - - 80,717.1 21,718.8 Payment Performance/Bidders/Bail/Bonds/Other Deposits - - 3,225.0 - Remittances to Various Entities - - 159,999.3 151,382.0 Trust Liabilities and Deferred Credits - 2,370.5 - - Payment of Taxes and Licenses - - 62,296.5 1,845.2 Loans and Advances to Employees - - - - Payment for Project Expenses - - - 4,341.9 Loss on Foreign Exchange 22.9 - - - Refund of Guaranty Deposits/Other Deposits - 12.6 - - Advances to Other Agencies/GOCCs - - 24,750.0 - Granting of Cash Advance/Petty Cash Fund - 258.7 - -

Total Cash Outflows 47,399.5 45,646.1 686,807.8 219,301.2 Net Cash Provided by (Used in) Operating Activities (46,022.8) 26,199.8 757,015.8 (120,654.7)


Short-Term Investments - - - 38,577.9 Dividends received - - 462,550.8 - Interest Earned/Income 8,036.5 - 143,960.8 19,298.5 Refund of investments - - - 4,699.9

Industrial and Area Development and Regulatory ClusterDetailed Statement of Cash Flows


Particulars CEZA BCDA BCDA-MHIZCSEZA

213

Industrial and Area Development and Regulatory ClusterDetailed Statement of Cash Flows


Particulars CEZA BCDA BCDA-MHIZCSEZA

Proceeds from Sale of Fixed Assets - - 615.0 378.5 Other Income - - 59,165.7 -

Total Cash Inflows 8,036.5 - 666,292.4 62,954.9

Cash Outflows:Acquisition of Property, Plant and Equipment - 7,534.1 3,439,740.0 1,658.6 Investment in Treasury Bills/Retail Treasury Bonds/ Marketable Securities/Stocks - - 770,290.3 - Investment in Joint Ventures - - 46,011.1 - Construction Cost/Capital expenditures 34,485.6 15,211.7 - - Payment for Various Funded Projects - - 2,584.6 -

Total Cash Outflows 34,485.6 22,745.8 4,258,626.0 1,658.6 Cash Provided by (Used in) Investing Activities (26,449.1) (22,745.8) (3,592,333.7) 61,296.3


Proceeds from Borrowings - - 3,321,672.0 - Proceeds from Grants and Government Subsidies 90,000.0 - - - Equity Received - 50,000.0 - -

Total Cash Inflows 90,000.0 50,000.0 3,321,672.0 -

Cash Outflows:Payment of Loans/Bonds Payable/ Capital Stock Redeemed - - 52,588.8 - Dividends Paid - - - 2,148.1 Other Expenses/Payables - - 186,626.7 -

Total Cash Outflows - - 239,215.4 2,148.1 Cash Provided by (Used in) Financing Activities 90,000.0 50,000.0 3,082,456.6 (2,148.1)

Increase (Decrease) in Cash and Cash Equivalents 17,528.1 53,454.0 247,138.7 (61,506.4)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated 161,076.9 205,176.2 283,980.3 149,928.8



214


Collection of Operating Income/Other Income 146.8 83.1 2,481.8 - Cash Receipts from Sale of Goods and Inventories 9.4 - - - Rentals 1,131.6 - - - Interest and Commission 72.4 - - - Fees, Commission & Other Income 71.8 - - - Collection from customers/beneficiaries/awardees - - 1,261.6 - Collection of Receivables - 39.0 - - Collection of Receivables from employees 515.4 - - - Cash Received from Other Sources 39.8 - - - Collection of Receivables - - - 3,288.9 Collection Held in Trust - - 7,889.9 35,475.8 Collection for Unliquidated damages - - - - Interest Earned/Income - - 1,075.8 - Other Receipts - 805.3 - 644.8 Receipt of subsidy, financial assistance,advances, grants and donations 872.8 - - - Tranfer of funds from HO/Branch/Subsidiaries - - 44,000.6 - Gain/Proceed from Sale of Assets/Acquired Assets 595.0 - - - Increase in Deposit Liabilities 1,279.0 - - - Grants and Donations 21.1 - - - Overpayment of Expense - 254.5 - -


Cash Outflows:Payment of Operating Expenses 12,587.3 9,174.9 27,229.3 - Payment of Accounts Payable - 170.0 15,756.9 - Payment of Personal Services 11,607.3 - - - Cash Payments to Suppliers/Customers/Employees - - - 33,216.7 Payment to Suppliers and Employees, Service Providers - 83.6 - - Payment of Other Expenses - - 354.4 - Payment of Guaranty Deposits - 70.0 - - Payment Performance/Bidders/Bail/Bonds/Other Deposits - 95.3 - - Remittances to Various Entities - 2,913.3 52.8 - Prepayments - - 501.2 - Payment of Prepaid Expenses - 276.4 - - Granting of Cash Advance/Petty Cash Fund - 2,062.8 - -

Total Cash Outflows 24,194.6 14,846.4 43,894.6 33,216.7 Cash Provided by (Used in) Operating Activities (19,439.5) (13,664.4) 12,815.0 6,192.8


Interest Earned/Income - 2,613.2 - 689.9 Total Cash Inflows - 2,613.2 - 689.9

Cash Outflows:Acquisition of Property, Plant and Equipment - 382.2 832.0 42,530.8 Advances to employees/creditors/suppliers/contractors - 8,684.4 - - Construction Cost/Capital expenditures - - 2,308.2 - Research and Development Cost - 17,327.1 - - Cash Payments for Construction of Building 1,172.6 - - - Adjustments 132.9 - - -

Total Cash Outflows 1,305.6 26,393.7 3,140.2 42,530.8 Cash Provided by (Used in) Investing Activities (1,305.6) (23,780.5) (3,140.2) (41,840.9)



Particulars NLRC JHMC PPMCBTPI

215



Particulars NLRC JHMC PPMCBTPI


Advances received from BCDA 17,119.6 315.3 - 32,277.6 Total Cash Inflows 17,119.6 315.3 - 32,277.6

Cash Provided by (Used in) Financing Activities 17,119.6 315.3 - 32,277.6

Effects of Exchange Rate Changes on Cash and Cash Equivalents - (3,985.0) - -

Increase (Decrease) in Cash and Cash Equivalents (3,625.4) (41,114.6) 9,674.8 (3,370.4)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as resta 9,442.1 105,402.7 35,839.6 28,825.0



216


Collection of Operating Income/Other Income 436,441.7 2,944.7 54,627.7 Collection from customers/beneficiaries/awardees - - 130,239.8 Collection of Receivables 79,522.3 - 135,132.6 Collection of Receivables - 42.4 - Other Receipts 152.0 - 413.1 Receipt of subsidy, financial assistance,advances, grants and donations 29,164.9 - - Tranfer of funds from HO/Branch/Subsidiaries 117,016.9 - - Refund from payment of expenses - - 2,725.9 Receipt of Guaranty Deposits 6,085.7 - - Receipt of Performance/Bidders/Bail/Bonds/Other Deposits 4,876.6 - -

Total Cash Inflows 673,260.1 2,987.2 323,139.0

Cash Outflows:Payment of Operating Expenses 237,886.5 4,013.5 79,116.2 Payment of Accounts Payable 62,434.4 - - Cash Payments to Suppliers/Customers/Employees - - 126,674.7 Payment of Taxes and Licenses - - 5,360.6 Payment of Guaranty Deposits 102.1 - - Remittances to Various Entities 111,918.2 217.5 20,783.1 Prepayments 20,499.0 - - Remittances of dividends - - 14,693.7 Loss on Foreign Exchange 11,295.2 - 8.0 Refund of Guaranty Deposits/Other Deposits - 83.2 - Adjustments 837.6 - -

Total Cash Outflows 444,973.0 4,314.2 246,636.4 Cash Provided by (Used in) Operating Activities 228,287.1 (1,327.0) 76,502.6


Collections of Receivables from Loans, Installment Sales - - 22.5 Interest Earned/Income - - 8,720.7 Proceeds from Sale of Fixed Assets 475.0 82.3 -

Total Cash Inflows 475.0 82.3 8,743.2

Cash Outflows:Acquisition of Property, Plant and Equipment 22,980.4 - 189.5 Loan/Advances Releases 456,368.2 - 1,664.8 Advances to employees/creditors/suppliers/contractors - - 723.1 Payment for Advances/Loans - 1,338.0 - Remittance of Taxes - - 9.8

Total Cash Outflows 479,348.7 1,338.0 2,587.3 Cash Provided by (Used in) Investing Activities (478,873.7) (1,255.7) 6,155.9



CDC FCCC PRAParticulars

217



CDC FCCC PRAParticulars


Proceeds from Borrowings 292,844.8 - 950,000.0 Total Cash Inflows 292,844.8 - 950,000.0

Cash Outflows:Payment of Loans/Bonds Payable/Capital Stock Redeemed 25,000.0 - - Repayment of Loans - - 955,814.7 Escrow fund - - 40,332.2 Interest Expense - - 133,337.2

Total Cash Outflows 25,000.0 - 1,129,484.1 Cash Provided by (Used in) Financing Activities 267,844.8 - (179,484.1)

Increase (Decrease) in Cash and Cash Equivalents 17,258.3 (2,582.7) (96,825.6)

Add: Cash and Cash Equivalents, Beginning January 1, 2006 (as restated) 267,210.3 2,675.2 285,966.5

Cash and Cash Equivalents, Ending December 31, 2005 284,468.6 92.5 189,140.9


218


Collection of Operating Income/Other Income 156,820.7 200,558.3 24,583.8 Collection of Receivables - - 16.6 Collection of Receivables from employees - 621.5 - Collection Held in Trust - 45,665.1 - Interest Earned/Income 32.1 - - Other Receipts - 83.1 - Receipt of subsidy, financial assistance,advances, grants and donations 500.0 35,000.0 1,000.0 Refund from payment of expenses - 4,728.7 - Overpayment of Expense - - 295.1


Cash Outflows:Payment of Operating Expenses 112,828.1 - 22,007.2 Cash Payments to Suppliers/Customers/Employees - 261,938.7 - Cash payment from trust receipts - 79,145.2 - Financial expenses 2.0 - - Payment of Accounts Payable - - 712.6 Payment of Guaranty Deposits 335.3 - - Remittances to Various Entities 13,304.3 - 2,879.4 Payment of Prior Year's Expenditures 8,850.5 - - Payment for Purchase of Inventories - - 203.5 Investment in Stocks/Treasury Bills - 3,737.2 - Payment of Prepaid Expenses - - 62.9

Total Cash Outflows 135,320.2 344,821.1 25,865.7 Cash Provided by (Used in) Operating Activities 22,032.7 (58,164.4) 29.9


Interest Earned/Income - 8,753.2 - Proceeds from Sale of Fixed Assets - 2,865.1 - Other Income - 7.9 -

Total Cash Inflows - 11,626.2 -

Cash Outflows:Acquisition of Property, Plant and Equipment 6,120.3 47,523.7 31.6 Investment in Treasury Bills/Retail Treasury Bonds/ Marketable Securities/Stocks 25,373.9 - - Construction Cost/Capital expenditures 723.5 - - Gain/Loss from Foreign Exchange - 743.7 -

Total Cash Outflows 32,217.7 48,267.4 31.6 Cash Provided by (Used in) Investing Activities (32,217.7) (36,641.2) (31.6)



SRA PDALLDAParticulars

219



SRA PDALLDAParticulars


Proceeds from Grants and Government Subsidies 51,172.5 - - Collection of subscription receivable 6,729.7 - - Share from income/fees collected 3,435.5 - -

Total Cash Inflows 61,337.7 - -

Cash Outflows:Dividends Paid 11,173.1 - - Other Expenses/Payables 51,528.5 - -

Total Cash Outflows 62,701.6 - - Cash Provvided by (Used in) Financing Activities (1,363.9) - -

Increase (Decrease) in Cash and Cash Equivalents (11,548.9) (94,805.6) (1.8)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 58,038.3 252,922.5 486.9

Cash and Cash Equivalents, Ending December 31, 2005 46,489.4 158,116.9 485.1


220


Collection of Operating Income/Other Income 12,948.7 34,678.3 3,467.2 Collection of Receivables - 4,128.3 69,733.4 Collection of Receivables from employees - - 5.0 Collection Held in Trust - 4,383.6 - Other Receipts 400.4 - 12.4 Refund from payment of expenses - - 32.1


Cash Outflows:Payment of Operating Expenses 2,635.0 56,780.4 10,211.6 Payment of Accounts Payable 785.2 18,432.0 2,732.5 Cash Payments to Suppliers/Customers/Employees 8,139.0 124.7 49.1 Other Cash Payment 218.8 - - Loan Releases - - 32,671.2 Payment of Other Expenses - - 1,216.5 Remittances to Various Entities - 4,840.3 1,375.1 Payment of Taxes and Licenses 130.2 - - Loans and Advances to Employees - - 126.5 Payment of Prior Year's Expenditures - 1,175.7 30.8 Prepayments - 354.0 416.5


Cash flows From Investing ActivitiesCash Inflows:

Proceeds from Maturing Treasury Bills/Bonds/Short-Term Investment - 628,874.7 10,743.1 Interest Earned/Income - - 298,783.1 Proceeds from Sale of Fixed Assets 42.0 118.0 -

Total Cash Inflows 42.0 628,992.7 309,526.2

Cash Outflows:Acquisition of Property, Plant and Equipment 1,596.6 140.3 10.1 Investment in Treasury Bills/Retail Treasury Bonds/ Marketable Securities/Stocks - 55,685.4 10,743.1 Construction Cost/Capital expenditures - - 15,959.4 Sinking Fund - - 295,231.6

Total Cash Outflows 1,596.6 55,825.7 321,944.2 Cash Provided by (Used in) Investing Activities (1,554.6) 573,167.0 (12,418.0)

Increase (Decrease) in Cash and Cash Equivalents (113.7) 534,650.0 12,002.3


Cash and Cash Equivalents, Ending December 31, 2005 at the End 1,588.5 649,005.1 258,454.6


PSC



MRHI GTEBParticulars

221

AGRICULTURAL, TRADING AND PROMOTIONAL CLUSTER

National Irrigation Administration NIA Consult, Inc. National Food Authority Philippine Coconut Authority Philippine Fisheries Development Authority National Tobacco Administration Food Terminal, Inc. National Dairy Authority Livelihood Corporation Northern Foods Corporation Quedan and Rural Credit Guarantee Corporation Philippine International Trading Corporation Philippine Tourism Authority Philippine Comm. On the Promotion of Sports Scuba Diving Corregidor Foundation, Inc. Duty Free Philippines Center for International Trade Expositions and Missions Philippine Convention and Visitors Corporation Cottage Industry Technology Center Human Settlements Development Corporation National Agri-Business Corporation Philippine Genetics, Inc. ZNAC Rubber Estate Corporation Philippine Agricultural Devt. and Commercial Corporation Philippine Rice Research Institute Natural Resources Mining Development Corporation Natural Resources Development Corporation Bukidnon Forests, Inc.

TOTAL NIA NIACon NFA

Current Assets 45,284,778.8 14,879,610.0 31,183.7 13,170,317.1 Cash on Hand 259,939.5 8,017.1 7.1 53,593.8

Cash - Collecting Officers 182,407.1 (29,097.9) - 37,426.3 Cash - Disbursing Officers 60,128.4 23,449.7 - 16,167.4 Petty Cash Fund 8,085.8 4,347.2 7.1 - Other Cash Accounts 9,318.1 9,318.1 - -

Cash in Bank 5,080,755.2 (76,659.0) 13,763.2 1,485,079.2 Cash in Bank - Local Currency, Current Account 890,843.2 (350,041.5) 1,358.4 374,394.8 Cash in Bank - Local Currency, Savings Account 2,232,723.5 400,377.8 - 1,034,105.6 Cash in Bank - Local Currency, Time Deposits 667,753.2 - 1,789.7 - Cash in Bank - Foreign Currency, Current Account 743,827.4 - - - Cash in Bank - Foreign Currency, Savings Account 323,357.5 - 7,252.4 76,578.8 Cash in Bank - Foreign Currency, Time Deposits 288,978.0 (42,011.5) 3,362.7 - Other Cash in Bank (66,727.6) (84,983.9) - -

Short Term Investments 1,143,463.7 - - - Other Short Term Investments 1,143,463.7 - - -

Receivables - net 27,695,507.7 14,779,603.5 13,925.0 1,814,608.0 Accounts Receivable 19,167,946.7 8,346,381.9 1,620.5 495,866.9 Notes Receivable 187,900.1 - - - Due from Officers and Employees 448,874.5 9,482.6 2,028.4 397,105.4 Loans Receivables - GOCCs 197,338.2 - - - Loans Receivables - Others 191,571.7 - - 60,079.6 Interest Receivable 215,759.4 - - - Due from National Treasury 4,491.8 - - 319.7 Due from NGAs 1,139,295.7 1,001,547.5 - 57,798.5 Due from GOCCs 6,438,072.4 5,485,296.9 - 730,918.0 Due from LGUs 103,768.1 136.0 - 34,457.0 Due from NGOs/POs 218,611.6 - - - Receivables - Disallowances/Charges 386,076.8 9,698.4 1,691.3 10,328.8 Other Receivables 849,853.2 95,936.3 9,067.9 141,737.8 Allowance for Doubtful Accounts (1,854,052.6) (168,876.0) (483.1) (114,003.5)

- - - - Inventories - net 10,283,766.3 168,648.3 111.6 9,372,469.2

Raw Materials Inventory 988,321.1 - - 976,063.5 Work-in-Process Inventory 21,150.3 - - 10,914.4 Finished Goods Inventory 96,341.7 - - - Merchandise Inventory 8,947,884.5 178,820.9 - 8,474,087.2 Office Supplies Inventory 60,556.1 1,862.0 111.6 22,508.3 Accountable Forms Inventory 12,296.6 - - 5,380.9 Animal/Zoological Supplies Inventory 1,743.1 - - - Food Supplies Inventory 128.5 - - - Drugs and Medicines Inventory 731.1 - - - Medical, Dental and Laboratory Supplies Inventory 108,387.9 - - 1,520.1 Gasoline, Oil, Lubricants and Other Fuel Inventory 5,670.5 - - 2,076.0 Agricultural Supplies Inventory 58,384.0 - - 11,445.1 Military and Police Supplies Inventory 17.6 - - - Other Supplies Inventory 147,564.0 3,615.5 - 105,821.6 Confiscated/Abandoned/Seized Goods Inventory 3,121.6 - - 120.4 Spare Parts Inventory 7,702.0 - - 4,518.7 Construction Materials Inventory 6,732.7 - - 1,823.2 Livestock Inventory 12,976.2 - - - Crops and Fruits Inventory 52,571.4 - - - Other Agricultural, Fishery and Forestry Products Inventory 4,136.3 - - - Other Inventories 38,238.2 - - - Allowance for Obsolescence (290,889.0) (15,650.1) - (243,810.2)

Agricultural, Trading and Promotional ClusterDetailed Balance Sheet


ACCOUNT TITLE

ASSETS

222




ACCOUNT TITLE

Prepayments and Deferred Charges 260,469.4 - 1,077.3 8,699.6 Prepaid Rent 45,443.8 - - 3,737.0 Prepaid Insurance 9,934.2 - - 1,741.5 Prepaid Interest 1,176.6 - - - Advances to Contractors 19,005.4 - - 3,109.9 Deferred Charges 27,267.3 - - - Prepaid Lease, Rent, Insurance and Other Expenses 307.8 - - - Other Prepaid Expenses 157,334.2 - 1,077.3 111.3

- - - - Other Current Assets 560,877.1 - 2,299.4 435,867.4

Guaranty Deposits 89,900.4 - - 64,812.9 Other Current Assets 470,976.7 - 2,299.4 371,054.5

Investments - net 18,718,352.9 2,091,948.1 - 10,691,064.7 Investment in Treasury Bills 1,633,269.3 - - - Investment in Stocks 1,257,300.7 1,187.0 - 502,000.2

Investments in Bonds 10,200,712.6 113.5 - 10,173,490.1 Other Investments and Marketable Securities 398,101.7 - - 15,574.4 Investments in Joint Ventures/Subsidiaries/Ous 10,964.3 10,000.0 - - Sinking Fund 3,268,869.4 - - - Other Long term Investments 8,752.1 15.9 - - Receivables-Long Term 3,148,716.3 2,080,631.7 - - Investments on Stocks and Bonds - - - - Allowance for Decline in Value of Investments (227,022.0) - - - Allowance for Doubtful Accounts-Long Term Receivables (981,311.4) - - -

Property, Plant and Equipment - net 41,378,062.2 28,557,415.2 87.6 1,492,097.2 Land and Land Improvements 31,233,583.4 22,791,401.5 - 255,614.1

Land 6,862,305.2 889.8 - 117,849.8 Land Improvements 10,960,515.4 9,631,654.8 - 137,764.4 Electrification, Power and Energy Structures 43,812.2 - - - Irrigation, Canals and Laterals 13,158,856.9 13,158,856.9 - - Reforestation - Upland 195,790.5 - - -

Building 3,910,222.8 259,815.1 - 1,499,549.4 Office Buildings 1,811,582.0 - - 504,503.0 Markets and Slaughterhouses 71,785.2 - - - Other Structures 2,026,855.6 259,815.1 - 995,046.5

Leasehold Improvements 1,661,039.4 - - 6,702.6 Leasehold Improvements, Land 241,996.0 - - 6,481.3 Leasehold Improvements, Buildings 1,324,176.9 - - 221.4 Other Leasehold Improvements 94,866.4 - - -

Office Equipment, Furniture and Fixtures 1,850,548.2 689,395.3 1,504.2 304,010.6 Office Equipment 1,023,197.6 689,395.3 1,504.2 91,226.3 Furniture and Fixtures 492,875.7 - - 43,608.0 IT Equipment and Software 330,368.8 - - 167,238.8 Library Books 4,106.1 - - 1,937.5

Machinery and Equipment 2,199,472.1 - - 885,614.6 Machinery 991,384.2 - - 718,119.1 Agricultural, Fishery and Forestry and Equipment 58,747.9 - - - Communication Equipment 81,214.7 - - 39,813.3 Construction and Heavy Equipment 9,004.8 - - - Firefighting Equipment and Accessories 4,903.6 - - 2,002.8 Medical, Dental and Laboratory Equipment 6,504.1 - - 4,497.5 Sports Equipment 318.2 - - 190.2 Technical and Scientific Equipment 290,580.9 - - 120,991.8 Other Machinery and Equipment 756,813.8 - - -

223




ACCOUNT TITLE

Transportation Equipment 756,336.0 - 1,422.9 428,467.9 Motor Vehicles 590,970.6 - 1,422.9 322,737.6 Aircrafts and Aircraft Ground Equipment 118,108.2 - - 104,040.6 Watercrafts 22,300.6 - - 1,689.7 Other Transportation Equipment 24,956.7 - - -

Other Property, Plant and Equipment 222,548.5 - 15.1 13,170.3 Other Property, Plant and Equipment 222,548.5 - 15.1 13,170.3

Accumulated Depreciation (10,860,380.5) (5,146,914.8) (2,854.7) (1,982,096.7)

Public Infrastructures 13,354,647.4 13,158,856.9 - -

Construction in Progress 10,416,995.6 9,963,718.2 - 81,064.3 Construction in Progress - Agency Assets 465,929.0 - - 81,064.3 Irrigation, Canals and Laterals 9,963,718.2 9,963,718.2 - - Other Public Inftrastructures 18,482.7 - - - Allowance for Valuation (31,134.3) - - -

Intangible Assets 10,303.3 - - - Organizational Cost 440.0 - - - Development Cost 9,863.3 - - -

- - - - Other Assets 5,154,708.4 (144,282.1) - 3,036,283.1

Work/Other Animals 8,806.7 - - - Breeding Stocks 72,638.3 - - - Items in Transit 6,651.0 - - - Asset Held in Trust 714,464.3 - - - Restricted Funds/Assets 373,246.3 - - 54,802.8 Other Assets 3,978,901.8 (144,282.1) - 2,981,480.3

110,546,205.5 45,384,691.1 31,271.3 28,389,762.1

Current Liabilities 56,284,369.8 7,286,241.4 11,230.7 37,474,290.5 Accounts Payable 8,515,027.6 (11,788.1) 9,559.8 4,298,153.6 Notes Payable 30,419,123.3 128.0 - 30,336,866.0 Loans Payable 95,644.3 - - - Interest Payable 711,133.6 - - - Accrued Expenses Payable 26,377.0 - - - Income Tax Payable 10,951.1 - - - Due to Officers and Employees 113,082.1 - - 42,118.7 Due to National Treasury 3,768,219.0 - - 1,868,828.6 Due to BIR 199,198.9 11,325.1 125.7 47,231.6 Due to SSS 149.2 - 0.5 - Due to GSIS 41,387.2 - - 26,691.7 Due to PAG-IBIG 2,692.3 - - 561.7 Due to PHILHEALTH 1,113.6 - 2.4 376.5 Due to Other NGAs 7,150,132.6 5,531,470.8 - 388,435.4 Due to Other GOCCs 1,547,381.9 312,835.4 17.2 38,616.4 Due to LGUs 42,965.2 8,146.4 - 4,606.6 Guaranty Deposits Payable 189,135.0 - 917.2 7,030.4 Performance/Bidders/Bail Bonds Payable 87,491.2 - - 79,867.7 Other Payables 3,363,164.8 1,434,123.7 607.9 334,905.7


TOTAL ASSETS

224




ACCOUNT TITLE

Long-Term Liabilities 38,083,740.2 6,645,145.0 2,035.5 18,023,192.9 Bonds Payable - Domestic 16,500,000.0 - - 16,500,000.0 Loans Payable - Domestic 18,715,638.4 6,360,086.5 - 600,619.4 Loans Payable – Foreign 1,896,114.4 271,254.1 - 922,573.5 Contracts Payable 11,219.7 11,219.7 - - Other Long-Term Liabilities 960,767.7 2,584.8 2,035.5 -

94,368,110.0 13,931,386.4 13,266.2 55,497,483.5

Deferred Credits 12,751,329.3 10,937,344.1 3,777.9 1,298,787.5 Organizational Cost 181.7 - - - Other Deferred Credits 12,751,147.6 10,937,344.1 3,777.9 1,298,787.5

EQUITY Government Equity 6,376,436.3 - - 2,161,757.8 Capital Stock 8,091,744.8 5,559,191.9 10,000.0 - Paid in Capital in Excess of Par Value 480,294.3 - - - Subscribed Capital Stock 4,401,440.5 - - 3,890,590.3 Restricted Capital/Equity 271,039.9 - - - Appraisal Capital 2,416,013.1 - - - Treasury Stock (432.5) - - - Donated Capital 314,572.0 2,252.3 - - Retained Earnings (18,924,342.2) 14,954,516.5 4,227.2 (34,458,857.0)

3,426,766.2 20,515,960.7 14,227.2 (28,406,508.8)

110,546,205.5 45,384,691.1 31,271.3 28,389,762.1



TOTAL EQUITY

TOTAL LIABILITIES

225

PCA PFDA NTA FTI

Current Assets 615,466.4 439,714.0 262,739.3 359,628.7 Cash on Hand 104,059.6 4,503.6 1,983.7 3,132.1

Cash - Collecting Officers 103,798.2 3,897.4 151.6 2,763.6 Cash - Disbursing Officers 87.6 581.6 1,829.9 368.4 Petty Cash Fund 173.9 24.7 2.2 -

Cash in Bank 186,088.6 222,520.9 8,674.3 3,962.9 Cash in Bank - Local Currency, Current Account 125,138.2 111,178.3 6,854.1 3,676.6 Cash in Bank - Local Currency, Savings Account 40,157.5 64,542.3 1,659.3 286.4 Cash in Bank - Local Currency, Time Deposits - 39,224.4 160.9 - Cash in Bank - Foreign Currency, Savings Account 162.3 1,446.8 - - Cash in Bank - Foreign Currency, Time Deposits 2,374.4 6,129.0 - - Other Cash in Bank 18,256.2 - - -

Short Term Investments 79,975.4 - - 8,200.5 Other Short Term Investments 79,975.4 - - 8,200.5

Receivables - net 182,110.4 193,581.6 151,816.0 332,844.2 Accounts Receivable 63,736.0 194,212.4 29,296.9 316,472.4 Notes Receivable - - 84,294.1 - Due from Officers and Employees 1,955.7 457.5 3,287.6 10,185.4 Loans Receivables - GOCCs - - - 101,875.0 Loans Receivables - Others - - 111,923.1 - Interest Receivable - 200.1 15,066.8 2,235.9 Due from NGAs 2,454.7 12,306.6 872.4 - Due from GOCCs 657.9 5,212.8 - - Due from LGUs 600.0 26,443.9 - - Receivables - Disallowances/Charges 137,248.6 3.4 44,890.4 - Other Receivables 9,881.8 359.1 14,333.9 597.9 Allowance for Doubtful Accounts (34,424.3) (45,614.3) (152,149.2) (98,522.4)

Inventories - net 58,440.9 9,794.1 7,883.4 7,206.7 Office Supplies Inventory 1,445.2 3,887.0 289.2 349.2 Accountable Forms Inventory 6.9 463.0 62.8 376.0 Medical, Dental and Laboratory Supplies Inventory 158.0 - - 28.1 Gasoline, Oil, Lubricants and Other Fuel Inventory 1,020.8 494.2 - 41.8 Agricultural Supplies Inventory 43,320.5 - 3,195.2 - Military and Police Supplies Inventory - - - 17.6 Other Supplies Inventory 11,492.4 4,786.8 4,336.2 14.9 Confiscated/Abandoned/Seized Goods Inventory 474.4 - - 2,405.9 Spare Parts Inventory 324.1 163.2 - 1,529.5 Construction Materials Inventory 92.9 - - 2,443.7 Crops and Fruits Inventory 105.7 - - -

Prepayments and Deferred Charges 731.0 708.5 5,827.8 509.9 Prepaid Rent - - 114.2 - Prepaid Insurance - 150.9 58.7 424.6 Advances to Contractors - 56.4 - 81.2 Deferred Charges 731.0 6.0 598.6 - Other Prepaid Expenses - 495.2 5,056.3 4.1

Other Current Assets 4,060.4 8,605.3 86,554.0 3,772.3 Guaranty Deposits 943.5 8,605.3 133.3 1,124.5 Other Current Assets 3,116.9 - 86,420.7 2,647.9

ACCOUNT TITLE

ASSETS



226

PCA PFDA NTA FTIACCOUNT TITLE



Investments - net 88.5 47,656.2 42,641.1 120,981.5 Investment in Treasury Bills - 47,517.2 - 91,794.9 Investment in Stocks 88.5 - - -

Investments in Bonds - - 996.0 25,700.0 Other Investments and Marketable Securities - 139.0 41,645.1 3,486.6

Property, Plant and Equipment - net 366,043.0 220,508.0 72,470.8 3,198,671.2 Land and Land Improvements 181,558.5 190,014.1 23,296.6 2,586,807.4

Land 166,190.0 26,881.7 23,296.6 2,507,998.5 Land Improvements 10,729.8 158,476.0 - 78,808.9 Electrification, Power and Energy Structures 4,638.7 4,656.4 - -

Building 205,230.3 128,376.8 79,337.7 703,211.2 Office Buildings 205,230.3 7,759.2 78,104.4 209,564.8 Markets and Slaughterhouses - 71,785.2 - - Other Structures - 48,832.4 1,233.3 493,646.4

Leasehold Improvements - 123.5 526.7 - Leasehold Improvements, Land - - 526.7 - Leasehold Improvements, Buildings - 123.5 - -

Office Equipment, Furniture and Fixtures 125,295.5 20,975.8 23,985.1 25,592.1 Office Equipment 114,888.8 6,099.3 2,498.2 9,553.0 Furniture and Fixtures 6,191.9 7,742.5 4,851.2 10,509.1 IT Equipment and Software 3,663.8 7,097.6 16,288.4 5,475.7 Library Books 551.0 36.3 347.3 54.3

Machinery and Equipment 46,533.7 109,206.2 11,884.7 298,336.0 Machinery 7,162.5 102,325.1 967.6 - Agricultural, Fishery and Forestry and Equipment - - 101.0 - Communication Equipment - 831.0 2,338.2 10,281.4 Construction and Heavy Equipment 5,170.0 - - 230.4 Firefighting Equipment and Accessories 133.9 266.6 65.4 1,705.0 Medical, Dental and Laboratory Equipment - 17.1 - 352.2 Technical and Scientific Equipment 31,722.3 1,073.4 8,412.4 - Other Machinery and Equipment 2,345.1 4,693.1 - 285,767.2

Transportation Equipment 43,793.4 16,429.6 13,188.4 9,542.4 Motor Vehicles 43,793.4 16,424.6 13,188.4 9,542.4 Watercrafts - 5.0 - -

Other Property, Plant and Equipment 27,976.8 6,212.1 2,306.6 17,796.5 Other Property, Plant and Equipment 27,976.8 6,212.1 2,306.6 17,796.5


Construction in Progress 36.7 29,078.5 - - Construction in Progress - Agency Assets 36.7 29,078.5 - -

Other Assets 714,464.3 8,893.1 250.5 140,296.0 Work/Other Animals - - 18.0 - Asset Held in Trust 714,464.3 - - - Restricted Funds/Assets - - - 85,838.3 Other Assets - 8,893.1 232.5 54,457.8

1,696,062.3 716,771.3 378,101.7 3,819,577.4 TOTAL ASSETS

227

PCA PFDA NTA FTIACCOUNT TITLE



Current Liabilities 232,145.2 623,852.3 168,381.9 1,533,924.5 Accounts Payable 60,082.5 38,369.6 27,740.1 29,771.9 Notes Payable - - 82,129.3 - Interest Payable 16.9 - 74.7 503,440.5 Due to Officers and Employees 798.1 1,634.5 8,442.0 104.4 Due to National Treasury 437.9 427,926.0 - 160,652.4 Due to BIR 2,057.9 4,416.7 1,844.4 47,833.8 Due to GSIS 1,314.9 1,818.8 1,803.5 - Due to PAG-IBIG 54.1 283.2 64.7 - Due to PHILHEALTH 56.6 80.1 70.6 - Due to Other NGAs 1,507.3 99,133.8 9.3 144,322.1 Due to Other GOCCs 150,648.7 54.1 - 549,495.5 Due to LGUs 12,556.8 4,120.0 - - Guaranty Deposits Payable 1,446.9 40,700.1 116.9 57,059.7 Performance/Bidders/Bail Bonds Payable 94.6 1,350.2 8.6 399.3 Other Payables 1,072.1 3,965.3 46,077.8 40,845.0

Long-Term Liabilities 13,804.0 109,025.6 - 53,742.9 Loans Payable - Domestic 13,804.0 - - 53,742.9 Loans Payable – Foreign - 109,025.6 - -

245,949.2 732,877.9 168,381.9 1,587,667.4

Deferred Credits 53,432.3 11,997.2 826.9 111,916.6 Other Deferred Credits 53,432.3 11,997.2 826.9 111,916.6

EQUITY Government Equity - 570,365.8 423,560.7 - Subscribed Capital Stock - - - 500,000.0 Restricted Capital/Equity - - 51,091.5 - Appraisal Capital 20,097.0 - - 2,347,264.4 Donated Capital 90,247.0 - - - Retained Earnings 1,286,336.7 (598,469.6) (265,759.3) (727,271.0)

1,396,680.7 (28,103.8) 208,892.9 2,119,993.4

1,696,062.3 716,771.3 378,101.7 3,819,577.4




TOTAL EQUITY

TOTAL LIABILITIES

228

NDA QUEDANCOR KKK-PCA PITC

Current Assets 299,114.2 9,424,021.5 307,770.9 421,275.7 Cash on Hand 9,214.7 23,161.0 598.2 1,242.5

Cash - Collecting Officers 8,575.1 19,219.3 346.9 1,155.2 Cash - Disbursing Officers 639.6 3,740.8 251.3 2.0 Petty Cash Fund - 200.9 - 85.3

Cash in Bank 136,039.4 595,841.0 10,408.5 121,926.3 Cash in Bank - Local Currency, Current Account 10,312.7 300,837.9 10,408.5 84.4 Cash in Bank - Local Currency, Savings Account 125,423.8 293,751.6 - - Cash in Bank - Local Currency, Time Deposits 303.0 1,251.5 - 75,114.8 Cash in Bank - Foreign Currency, Current Account - - - 1,925.4 Cash in Bank - Foreign Currency, Savings Account - - - 8.2 Cash in Bank - Foreign Currency, Time Deposits - - - 44,793.5

Short Term Investments 53,613.2 - - - Other Short Term Investments 53,613.2 - - -

Receivables - net 94,588.5 8,657,682.4 288,385.9 176,291.5 Accounts Receivable 112,982.1 8,733,135.4 68,222.4 193,152.9 Notes Receivable - - - 1,209.3 Due from Officers and Employees 83.1 3,925.3 441.2 1,986.4 Loans Receivables - GOCCs - 522.1 - - Loans Receivables - Others - - 4,397.4 - Interest Receivable 1,327.9 180,450.3 4,941.5 181.1 Due from National Treasury - - - - Due from NGAs 528.7 - 93.1 42,850.8 Due from NGOs/POs - - 208,950.0 - Receivables - Disallowances/Charges - - - 5,611.3 Other Receivables 11,065.7 54,990.6 5,747.7 663.6 Allowance for Doubtful Accounts (31,398.9) (315,341.4) (4,407.4) (69,363.9)

Inventories - net 4,381.6 12,388.3 2,963.2 100,437.5 Raw Materials Inventory - - 267.6 - Work-in-Process Inventory - - 888.7 - Merchandise Inventory - - 359.3 - Office Supplies Inventory 725.1 1,249.9 1,447.7 - Accountable Forms Inventory - 3,938.2 - - Drugs and Medicines Inventory - 488.1 - - Medical, Dental and Laboratory Supplies Inventory - - - 106,675.3 Gasoline, Oil, Lubricants and Other Fuel Inventory - 8.1 - - Other Supplies Inventory 3,656.5 6,179.3 - - Spare Parts Inventory - 524.6 - - Allowance for Obsolescence - - - (6,237.8)

Prepayments and Deferred Charges 362.3 132,483.0 1,427.4 21,378.0 Prepaid Rent 237.0 2,922.4 - - Prepaid Insurance - 482.8 640.2 17.0 Advances to Contractors - - - 452.1 Deferred Charges 125.2 - 709.6 20,465.0 Other Prepaid Expenses - 129,077.8 77.5 444.0

Other Current Assets 914.5 2,465.9 3,987.7 - Guaranty Deposits 832.6 - 3,987.7 - Other Current Assets 82.0 2,465.9 - -



ACCOUNT TITLE

229




ACCOUNT TITLE

Investments - net 99,253.9 4,741,169.1 110,078.4 1,689.3 Investment in Treasury Bills - 1,466,886.6 27,070.6 - Investment in Stocks 4.0 - 62,637.7 1,689.3

Investments in Bonds - 413.0 - - Other Investments and Marketable Securities 51,697.7 5,000.0 20,370.1 - Investments in Joint Ventures/Subsidiaries/Ous - - - - Sinking Fund - 3,268,869.4 - - Receivables-Long Term 47,552.2 - - -

Property, Plant and Equipment - net 84,656.2 98,695.7 120,866.2 40,321.3 Land and Land Improvements 200.0 23,282.7 27,591.6 -

Land 200.0 23,282.7 27,591.6 -

Building 39,900.6 14,082.1 45,777.6 48,198.0 Office Buildings 14,726.2 14,082.1 45,560.8 - Other Structures 25,174.4 - 216.9 48,198.0

Leasehold Improvements - 455.4 93,973.8 1,438.1 Leasehold Improvements, Buildings - - - 1,438.1 Other Leasehold Improvements - 455.4 93,973.8 -

Office Equipment, Furniture and Fixtures 7,947.1 60,979.5 16,313.9 15,584.0 Office Equipment 3,436.7 31,406.9 16,313.9 1,178.8 Furniture and Fixtures 1,711.9 4,815.9 - 1,323.1 IT Equipment and Software 2,798.5 24,746.8 - 13,054.4 Library Books - 9.9 - 27.7

Machinery and Equipment 38,244.8 5,134.7 4,020.1 2,152.6 Machinery 4,714.7 - - - Communication Equipment 9,864.7 2,954.7 - 1,311.6 Technical and Scientific Equipment 22,080.7 - - - Other Machinery and Equipment 1,584.8 2,180.1 4,020.1 841.0

Transportation Equipment 13,576.5 41,784.5 14,155.1 7,493.5 Motor Vehicles 13,576.5 41,784.5 - 7,493.5 Other Transportation Equipment - - 14,155.1 -

Other Property, Plant and Equipment 11.7 - 204.3 - Other Property, Plant and Equipment 11.7 - 204.3 -


Other Assets 115,236.8 309,471.7 3,777.2 42,844.9 Work/Other Animals 8,642.0 - - - Breeding Stocks 72,638.3 - - - Other Assets 33,956.5 309,471.7 3,777.2 42,844.9

598,261.2 14,573,358.0 542,492.7 506,131.2 TOTAL ASSETS

230




ACCOUNT TITLE

Current Liabilities 402,675.2 2,405,917.6 287,933.7 289,277.1 Accounts Payable 10,483.5 2,007,568.8 11,969.3 133,140.5 Interest Payable 11,602.6 135,361.9 11,048.1 - Accrued Expenses Payable - - - 6,953.1 Due to Officers and Employees - 6,294.2 3,558.8 542.0 Due to National Treasury 94.3 - - - Due to BIR - 33,386.1 2,804.7 8,312.8 Due to GSIS 63.4 9.5 107.9 866.3 Due to PAG-IBIG 1.6 8.7 57.0 125.4 Due to PHILHEALTH 0.9 14.7 1.7 49.0 Due to Other NGAs 375,873.5 25,399.0 11,124.3 - Due to Other GOCCs 6.1 93,545.7 227,846.9 125,056.7 Due to LGUs 371.3 - - - Guaranty Deposits Payable - - 7,996.8 8,528.6 Performance/Bidders/Bail Bonds Payable 951.5 4,298.7 - 146.5 Other Payables 3,226.4 100,030.2 11,418.1 5,556.2

Long-Term Liabilities 42,400.0 10,513,671.7 138,043.3 38,459.9 Loans Payable - Domestic 42,400.0 10,513,671.7 137,859.8 - Other Long-Term Liabilities - - 183.5 38,459.9

445,075.2 12,919,589.3 425,977.0 327,737.0

Deferred Credits 88,895.1 135,441.9 - - Other Deferred Credits 88,895.1 135,441.9 - -

EQUITY Government Equity 83,009.2 - - - Capital Stock - 762,779.6 526,681.4 300,000.0 Paid in Capital in Excess of Par Value - 480,294.3 - - Restricted Capital/Equity 1,808.0 - - - Appraisal Capital - - 19,806.3 - Treasury Stock - (432.5) - - Retained Earnings (20,526.2) 275,685.4 (429,972.0) (121,605.7)

64,291.0 1,518,326.8 116,515.7 178,394.3

598,261.2 14,573,358.0 542,492.7 506,131.2




TOTAL EQUITY

TOTAL LIABILITIES

231

PTA PCPSSD CFI CITEM

Current Assets 3,454,151.1 927.7 8,533.3 243,942.3 Cash on Hand 35,927.8 30.0 138.0 1,240.5

Cash - Collecting Officers 33,326.0 - 88.0 13.7 Cash - Disbursing Officers 674.0 - - 1,226.8 Petty Cash Fund 1,927.8 30.0 50.0 -

Cash in Bank 1,535,804.7 754.2 2,290.4 164,923.4 Cash in Bank - Local Currency, Current Account 143,616.4 682.4 1,335.2 46,729.5 Cash in Bank - Local Currency, Savings Account 182,457.8 - - - Cash in Bank - Local Currency, Time Deposits 116,095.5 71.8 895.7 29,543.7 Cash in Bank - Foreign Currency, Current Account 712,954.5 - - 26,758.6 Cash in Bank - Foreign Currency, Savings Account 230,470.7 - 59.5 - Cash in Bank - Foreign Currency, Time Deposits 150,210.0 - - 61,891.7

Short Term Investments 916,236.3 - - 66,692.4 Other Short Term Investments 916,236.3 - - 66,692.4

Receivables - net 575,595.1 138.1 773.5 9,291.4 Accounts Receivable 271,093.2 - 460.8 9,769.0 Due from Officers and Employees 8,478.4 138.1 32.2 127.3 Loans Receivables - Others 3,947.6 - - - Interest Receivable 10,422.5 - - - Due from National Treasury 4,172.1 - - - Due from NGAs 6,638.4 - - 720.5 Due from GOCCs 84,395.4 - - - Due from LGUs 31,281.1 - - - Due from NGOs/POs 99.6 - - - Receivables - Disallowances/Charges 156,185.7 - - - Other Receivables 55,158.2 - 280.4 1,515.8 Allowance for Doubtful Accounts (56,277.1) - - (2,841.3)

Inventories - net 304,580.4 - 4,258.9 573.9 Merchandise Inventory 294,243.4 - - - Office Supplies Inventory 2,440.1 - 38.5 351.6 Accountable Forms Inventory 2,061.9 - - - Food Supplies Inventory 128.5 - - - Drugs and Medicines Inventory 243.0 - - - Medical, Dental and Laboratory Supplies Inventory - - 5.6 - Gasoline, Oil, Lubricants and Other Fuel Inventory 76.5 - 1,921.5 - Other Supplies Inventory 4,430.2 - 231.8 212.9 Confiscated/Abandoned/Seized Goods Inventory 120.9 - - - Spare Parts Inventory 534.5 - - 9.4 Construction Materials Inventory 301.4 - 2,061.5 -

Prepayments and Deferred Charges 78,124.6 4.6 1,072.6 667.4 Prepaid Rent 38,172.3 - - 260.9 Prepaid Insurance 5,062.9 4.6 16.1 - Prepaid Interest 1,176.6 - - - Advances to Contractors 15,305.8 - - - Deferred Charges 7.9 - 1,056.4 - Other Prepaid Expenses 18,399.0 - - 406.5

Other Current Assets 7,882.2 0.8 - 553.3 Guaranty Deposits 7,683.7 0.8 - 553.3 Other Current Assets 198.5 - - -

ACCOUNT TITLE

ASSETS



232

PTA PCPSSD CFI CITEMACCOUNT TITLE



Investments - net 148,370.3 5.5 - - Investment in Stocks 52,248.1 5.5 - -

Other Investments and Marketable Securities 96,122.2 - - -

Property, Plant and Equipment - net 5,825,786.1 265.0 96,992.1 10,228.2 Land and Land Improvements 4,667,440.2 - - -

Land 3,761,763.9 - - - Land Improvements 893,373.0 - - - Other Public Inftrastructures 12,303.3 - - -

Building - - - 25,409.1 Office Buildings - - - 16,316.8 Other Structures - - - 9,092.3

Leasehold Improvements 1,307,829.6 - 229,598.7 - Leasehold Improvements, Land - - 229,598.7 - Leasehold Improvements, Buildings 1,307,829.6 - - -

Office Equipment, Furniture and Fixtures 337,254.3 242.7 447.9 17,250.6 Office Equipment 11,097.5 84.7 90.7 461.9 Furniture and Fixtures 289,514.1 - 357.2 1,542.7 IT Equipment and Software 36,582.9 150.5 - 15,246.0 Library Books 59.7 7.4 - -

Machinery and Equipment 424,345.3 3.8 24,427.8 - Machinery - - 24,427.8 - Sports Equipment - 3.8 - - Other Machinery and Equipment 424,345.3 - - -

Transportation Equipment 69,110.5 - 2,349.9 5,880.6 Motor Vehicles 33,853.9 - - 5,880.6 Aircrafts and Aircraft Ground Equipment 14,067.6 - - - Watercrafts 20,605.9 - - - Other Transportation Equipment 583.2 - 2,349.9 -

Other Property, Plant and Equipment - 3,962.5 44,717.3 17,284.0 Other Property, Plant and Equipment - 3,962.5 44,717.3 17,284.0


Construction in Progress 323,368.6 - - - Construction in Progress - Agency Assets 317,189.1 - - - Other Public Inftrastructures 6,179.4 - - -

Other Assets 396,796.0 - 177.5 230,923.0 Items in Transit 6,637.5 - 13.5 - Restricted Funds/Assets - - - 217,804.6 Other Assets 390,158.5 - 164.0 13,118.4

9,825,103.4 1,198.2 105,703.0 485,093.5 TOTAL ASSETS

233

PTA PCPSSD CFI CITEMACCOUNT TITLE



Current Liabilities 4,396,715.2 26.8 5,445.5 46,659.1 Accounts Payable 1,795,326.5 - 4,167.9 13,332.8 Interest Payable 4,772.7 - - - Due to Officers and Employees 39,685.5 0.2 49.0 1,955.9 Due to National Treasury 1,310,279.8 - - - Due to BIR 22,166.2 0.9 92.5 703.1 Due to SSS - - 38.7 - Due to GSIS 4,630.7 - - 451.4 Due to PAG-IBIG 1,169.5 - 15.3 105.8 Due to PHILHEALTH 295.2 - 5.4 16.4 Due to Other NGAs 486,385.6 - - 19,435.2 Due to Other GOCCs 1,047.6 25.6 - 155.3 Due to LGUs 1,473.7 - - - Guaranty Deposits Payable 63,856.6 - 1,076.7 - Performance/Bidders/Bail Bonds Payable 58.3 - - 45.2 Other Payables 665,567.2 - - 10,457.8

Long-Term Liabilities 619,883.1 - - - Loans Payable - Domestic 26,621.9 - - - Loans Payable – Foreign 593,261.2 - - -

TOTAL LIABILITIES 5,016,598.3 26.8 5,445.5 46,659.1

Deferred Credits 66,301.5 - 49.2 12,642.5 Other Deferred Credits 66,301.5 - 49.2 12,642.5

EQUITY Government Equity - - - 36,435.4 Paid in Capital in Excess of Par Value - - - - Subscribed Capital Stock 10,850.2 - - - Restricted Capital/Equity - - - 218,140.3 Appraisal Capital 9,680.0 - - 5,054.4 Donated Capital 14,387.3 - - - Retained Earnings 4,707,286.0 1,171.4 100,208.3 166,161.9

4,742,203.6 1,171.4 100,208.3 425,791.9

9,825,103.4 1,198.2 105,703.0 485,093.5




TOTAL EQUITY

234

PCVC CITC HSDC NABCOR

Current Assets 28,792.2 22,609.9 438,139.4 32,421.1 Cash on Hand 2,053.1 620.2 455.8 10.0

Cash - Collecting Officers 6.3 116.4 36.7 - Cash - Disbursing Officers 2,006.8 503.9 378.4 - Petty Cash Fund 40.0 - 40.8 10.0

Cash in Bank 22,132.9 18,629.2 176,960.7 30,804.6 Cash in Bank - Local Currency, Current Account 16,124.4 1,038.0 3,212.2 804.6 Cash in Bank - Local Currency, Savings Account 5,207.0 17,591.2 29,031.9 - Cash in Bank - Local Currency, Time Deposits - - 144,716.7 30,000.0 Cash in Bank - Foreign Currency, Savings Account 801.5 - - -

Short Term Investments - - 18,745.8 - Other Short Term Investments - - 18,745.8 -

Receivables - net 1,600.6 3,273.9 239,438.2 1,539.4 Accounts Receivable - 5,481.8 28,288.4 471.7 Notes Receivable - - 4,122.5 98,201.2 Due from Officers and Employees 318.0 415.0 - 583.9 Loans Receivables - GOCCs - - 94,941.2 - Interest Receivable - - 160.6 - Due from NGAs 1,440.8 2,015.5 7,273.9 - Due from GOCCs 2,508.7 - 128,349.5 - Due from LGUs - - 50.0 - Receivables - Disallowances/Charges - - 20,083.9 - Other Receivables 106.0 - 368,498.3 3.6 Allowance for Doubtful Accounts (2,772.9) (4,638.4) (412,329.9) (97,721.1)

Inventories - net 2,241.9 21.4 706.2 55.0 Finished Goods Inventory - - 9,341.2 - Merchandise Inventory - - 318.5 55.0 Office Supplies Inventory 634.7 14.6 3,783.8 - Accountable Forms Inventory - 6.8 - - Other Supplies Inventory 1,607.2 - 34.0 - Allowance for Obsolescence - - (12,771.3) -

Prepayments and Deferred Charges - - 252.4 12.1 Other Prepaid Expenses - - 252.4 12.1

Other Current Assets 763.6 65.1 1,580.2 - Guaranty Deposits 763.6 22.4 - - Other Current Assets - 42.7 1,580.2 -

Investments - net 116.6 - 355,711.0 29,699.4 Investment in Stocks 116.6 - 421,653.8 670.0

Other Investments and Marketable Securities - - 156,316.5 - Receivables-Long Term - - - 1,010,340.9 Allowance for Decline in Value of Investments - - (222,259.3) - Allowance for Doubtful Accounts-Long Term Receivables - - - (981,311.4)

Property, Plant and Equipment - net 12,433.5 40,265.9 55,084.3 405.0 Land and Land Improvements - 14,919.3 1,084.0 -

Land - 14,653.8 1,084.0 - Electrification, Power and Energy Structures - 265.5 - -

Building 41,393.9 26,594.0 104,652.8 - Office Buildings 41,393.9 2,221.4 104,652.8 - Other Structures - 24,372.6 - -

Office Equipment, Furniture and Fixtures 11,373.9 1,908.8 85,438.7 1,170.8 Office Equipment - 1,304.1 - 1,001.8 Furniture and Fixtures 11,373.9 - 85,438.7 169.0 IT Equipment and Software - 545.9 - - Library Books - 58.9 - -



ACCOUNT TITLE

ASSETS

235

PCVC CITC HSDC NABCOR



ACCOUNT TITLE

Machinery and Equipment - 16,604.3 - 265.6 Machinery - 15,923.1 - - Communication Equipment - - - 265.6 Other Machinery and Equipment - 681.2 - -

Transportation Equipment 7,591.4 1,587.8 - 1,088.0 Motor Vehicles 7,591.4 1,587.8 - 1,088.0

Other Property, Plant and Equipment - - - 17.7 Other Property, Plant and Equipment - - - 17.7


Construction in Progress - - - - Construction in Progress - Agency Assets - - 31,134.3 - Allowance for Valuation - - (31,134.3) -

Other Assets 14,282.5 16,741.5 93,481.0 10,415.6 Restricted Funds/Assets - 14,800.7 - - Other Assets 14,282.5 1,940.8 93,481.0 10,415.6

55,624.7 79,617.3 942,415.6 72,941.1

Current Liabilities 25,580.0 5,209.6 145,046.8 19,886.2 Accounts Payable 1,299.2 156.6 11,058.5 20.4 Income Tax Payable - - - 10,951.1 Due to Officers and Employees 800.1 62.1 - - Due to BIR 1,428.3 - 229.8 273.9 Due to GSIS 296.0 81.7 - - Due to PAG-IBIG 55.1 - - - Due to PHILHEALTH 0.6 7.5 - - Due to Other NGAs 9,467.6 4,472.8 6,200.0 5,000.0 Due to Other GOCCs 8,036.1 168.0 6,352.3 - Performance/Bidders/Bail Bonds Payable - 4.3 - - Other Payables 4,197.0 256.7 121,206.1 3,640.8

Long-Term Liabilities - - 9,531.9 1,063,539.2 Loans Payable - Domestic - - - 718,592.0 Other Long-Term Liabilities - - 9,531.9 344,947.3

25,580.0 5,209.6 154,578.7 1,083,425.4

Deferred Credits - - 1,864.8 - Other Deferred Credits - - 1,864.8 -

EQUITY Government Equity - - 1,970,131.3 - Capital Stock - - - 299,750.0 Paid in Capital in Excess of Par Value - - - - Appraisal Capital - 14,111.0 - - Donated Capital - 1,618.8 - - Retained Earnings 30,044.7 58,678.0 (1,184,159.1) (1,310,234.3)

30,044.7 74,407.7 785,972.2 (1,010,484.3)

55,624.7 79,617.3 942,415.6 72,941.1




TOTAL ASSETS

TOTAL EQUITY

TOTAL LIABILITIES

236

PGI ZNAC PRRI NRDC

Current Assets 41,522.5 11,108.3 480,509.2 87,415.2 Cash on Hand - 1,141.5 1,835.4 6,977.6

Cash - Collecting Officers - 159.5 71.2 353.6 Cash - Disbursing Officers - - 1,764.1 6,246.6 Petty Cash Fund - 982.0 - 377.4

Cash in Bank 4,652.7 9,078.0 353,411.5 38,792.8 Cash in Bank - Local Currency, Current Account 786.8 - 60,472.5 6,964.2 Cash in Bank - Local Currency, Savings Account - 2,667.6 34,623.8 840.0 Cash in Bank - Local Currency, Time Deposits 3,865.9 6,410.4 187,320.7 30,988.6 Cash in Bank - Foreign Currency, Current Account - - 2,188.9 - Cash in Bank - Foreign Currency, Savings Account - - 6,577.4 - Cash in Bank - Foreign Currency, Time Deposits - - 62,228.2 -

Receivables - net 34,456.1 888.8 67,457.7 22,131.3 Accounts Receivable 254,065.9 820.4 - 21,270.9 Notes Receivable - 73.0 - - Due from Officers and Employees 2,939.9 76.1 2,790.4 1,040.4 Loans Receivables - Others - - 9,024.0 - Interest Receivable - 35.2 - - Due from NGAs - - 2,573.5 180.7 Due from GOCCs - 231.3 501.9 - Due from LGUs - - 10,800.2 - Due from NGOs/POs - - - 7,842.1 Receivables - Disallowances/Charges - - - 335.2 Other Receivables 8,572.4 19.8 41,767.7 1,987.1 Allowance for Doubtful Accounts (231,122.0) (367.1) - (10,525.0)

Inventories - net 2,389.1 - 54,183.7 19,015.5 Raw Materials Inventory 55.2 - - - Office Supplies Inventory 50.2 - 352.4 18,983.9 Animal/Zoological Supplies Inventory 1,743.1 - - - Medical, Dental and Laboratory Supplies Inventory - - 0.9 - Gasoline, Oil, Lubricants and Other Fuel Inventory - - - 31.6 Agricultural Supplies Inventory - - 423.2 - Other Supplies Inventory - - 925.4 - Livestock Inventory 12,960.2 - 16.0 - Crops and Fruits Inventory - - 52,465.7 - Allowance for Obsolescence (12,419.6) - - -

Prepayments and Deferred Charges 24.6 - 3,163.6 44.9 Prepaid Insurance - - 1,303.9 31.0 Other Prepaid Expenses 24.6 - 1,859.7 13.9

Other Current Assets - - 457.4 453.1 Guaranty Deposits - - - 436.8 Other Current Assets - - 457.4 16.3

Investments - net 1,228.9 2,744.5 - 222,750.0 Investment in Stocks - - - 215,000.0

Other Investments and Marketable Securities - - - 7,750.0 Other Long term Investments 4,251.6 4,484.5 - - Allowance for Decline in Value of Investments (3,022.7) (1,740.0) - -

ACCOUNT TITLE

ASSETS



237

PGI ZNAC PRRI NRDCACCOUNT TITLE



Property, Plant and Equipment - net 13.1 623.2 684,396.3 114,461.8 Land and Land Improvements - - 248,546.8 -

Land - - 190,622.9 - Land Improvements - - 31,504.1 - Electrification, Power and Energy Structures - - 26,419.7 -

Building - 138.6 531,118.8 119,914.5 Office Buildings - 138.6 509,975.2 22,303.2 Other Structures - - 21,143.6 97,611.3

Leasehold Improvements - - 5,273.5 14,564.2 Leasehold Improvements, Land - - 4,836.3 - Leasehold Improvements, Buildings - - - 14,564.2 Other Leasehold Improvements - - 437.2 -

Office Equipment, Furniture and Fixtures 3,070.2 467.1 78,843.3 12,631.8 Office Equipment 946.6 77.1 29,858.1 4,882.3 Furniture and Fixtures 2,123.6 20.7 14,366.2 7,151.7 IT Equipment and Software - 369.3 33,603.0 597.8 Library Books - - 1,016.0 -

Machinery and Equipment 1,056.4 62.5 208,540.8 11,606.8 Machinery - - 16,531.3 - Agricultural, Fishery and Forestry and Equipment - - 55,755.0 2,563.9 Communication Equipment 354.8 62.5 8,020.3 3,981.1 Construction and Heavy Equipment - - 1,256.3 - Firefighting Equipment and Accessories - - 707.4 22.5 Sports Equipment - - 124.1 - Technical and Scientific Equipment - - 106,300.3 - Other Machinery and Equipment 701.7 - 19,846.1 5,039.2

Transportation Equipment 11,251.0 2,138.4 46,836.0 5,334.6 Motor Vehicles 11,251.0 2,138.4 46,827.5 5,334.6 Other Transportation Equipment - - 8.5 -

Other Property, Plant and Equipment - 53.4 299.7 - Other Property, Plant and Equipment - 53.4 299.7 -


Construction in Progress - - 5,923.6 - Construction in Progress - Agency Assets - - 5,923.6 -

Other Assets 50,634.3 - 2,333.5 15,330.0 Work/Other Animals 99.5 - - - Other Assets 50,534.9 - 2,333.5 15,330.0

93,398.8 14,475.9 1,167,239.1 439,957.1 TOTAL ASSETS

238

PGI ZNAC PRRI NRDCACCOUNT TITLE



Current Liabilities 74,797.9 8,419.2 443,644.4 202,552.0 Accounts Payable 7,926.5 18.3 31,142.5 23,881.5 Loans Payable - - 314.0 - Interest Payable - 470.3 - 2,773.3 Due to Officers and Employees 7.6 52.3 6,601.3 - Due to BIR 5,971.4 1,700.4 2,652.0 337.4 Due to GSIS - - 3,136.7 114.7 Due to PAG-IBIG - 6.2 148.9 31.6 Due to PHILHEALTH - (0.2) 125.4 9.1 Due to Other NGAs 8,808.5 161.2 - 32,926.4 Due to Other GOCCs 27,450.0 6,010.1 - 14.2 Due to LGUs - - 50.0 11,640.4 Guaranty Deposits Payable - - - 405.1 Performance/Bidders/Bail Bonds Payable - - 259.1 7.3 Other Payables 24,633.9 0.6 399,214.5 130,411.2

Long-Term Liabilities 24,584.0 5,476.0 16,692.5 30,000.0 Loans Payable - Domestic - 5,476.0 16,692.5 30,000.0 Other Long-Term Liabilities 24,584.0 - - -

99,381.9 13,895.2 460,336.9 232,552.0

Deferred Credits - - - 28,031.6 Organizational Cost - - - 181.7 Other Deferred Credits - - - 27,849.8

EQUITY Government Equity - - 1,000,710.6 130,439.7 Capital Stock 41,515.9 7,399.5 - - Retained Earnings (47,499.0) (6,818.8) (293,808.4) 48,933.7

(5,983.1) 580.7 706,902.2 179,373.5

93,398.8 14,475.9 1,167,239.1 439,957.1




TOTAL EQUITY

TOTAL LIABILITIES

239

BFI PADCC NFC NRMDC

Current Assets 9,971.0 7,848.2 177,116.0 28,929.8 Cash on Hand - - 55.0 (58.9)

Cash - Disbursing Officers - - 55.0 154.6 Petty Cash Fund - - - (213.5)

Cash in Bank 3,308.5 399.4 8,753.6 2,413.3 Cash in Bank - Local Currency, Current Account 3,308.5 399.4 8,753.6 2,413.3

Receivables - net 2,117.5 3,881.3 21,020.7 26,467.3 Accounts Receivable 1,723.4 - 19,421.6 - Due from Officers and Employees 154.9 242.4 216.9 382.2 Loans Receivables - Others - 2,200.0 - - Interest Receivable - 737.5 - - Due from NGOs/POs - - 1,719.9 - Other Receivables 774.9 701.4 - 26,085.1 Allowance for Doubtful Accounts (535.7) - (337.8) -

Inventories - net 4,494.7 - 146,520.7 - Raw Materials Inventory - - 11,934.8 - Work-in-Process Inventory - - 9,347.2 - Finished Goods Inventory - - 87,000.5 - Office Supplies Inventory 31.0 - - - Other Supplies Inventory 219.5 - - - Spare Parts Inventory 98.0 - - - Construction Materials Inventory 10.0 - - - Other Agricultural, Fishery and Forestry Products Inventory 4,136.3 - - - Other Inventories - - 38,238.2 -

Prepayments and Deferred Charges 22.4 3,567.4 307.8 - Deferred Charges - 3,567.4 - - Prepaid Lease, Rent, Insurance and Other Expenses - - 307.8 - Other Prepaid Expenses 22.4 - - -

Other Current Assets 27.9 - 458.2 108.2 Other Current Assets 27.9 - 458.2 108.2

Investments - net - 964.3 10,191.5 - Investments in Joint Ventures/Subsidiaries/Ous - 964.3 - - Receivables-Long Term - - 10,191.5 -

Property, Plant and Equipment - net 242,599.9 15.8 25,761.0 16,898.6 Land and Land Improvements 195,790.5 - 17,359.3 8,676.9

Land Improvements - - 9,527.4 8,676.9 Electrification, Power and Energy Structures - - 7,831.9 - Reforestation - Upland 195,790.5 - - -

Building 15,871.7 - 21,650.5 - Office Buildings 13,398.8 - 21,650.5 - Other Structures 2,472.9 - - -

Leasehold Improvements - - 553.1 - Leasehold Improvements, Land - - 553.1 -

Office Equipment, Furniture and Fixtures 3,109.9 26.3 2,744.5 2,984.2 Office Equipment 2,216.3 26.3 2,703.2 945.5 Furniture and Fixtures 22.9 - 41.4 - IT Equipment and Software 870.7 - - 2,038.7

Machinery and Equipment 280.8 - 105,612.1 5,538.5 Machinery - - 101,213.0 - Agricultural, Fishery and Forestry and Equipment - - 328.1 - Communication Equipment 280.8 - 728.1 126.8 Construction and Heavy Equipment - - - 2,348.2 Medical, Dental and Laboratory Equipment - - 1,637.5 - Other Machinery and Equipment - - 1,705.5 3,063.6



ACCOUNT TITLE

ASSETS

240

BFI PADCC NFC NRMDC



ACCOUNT TITLE

Transportation Equipment 5,453.5 - 7,860.1 - Motor Vehicles 5,453.5 - - - Other Transportation Equipment - - 7,860.1 -

Other Property, Plant and Equipment 88,520.4 - - - Other Property, Plant and Equipment 88,520.4 - - -

Accumulated Depreciation (66,756.0) (10.5) (130,018.7) (1,474.5)

Construction in Progress 329.1 - - 1,173.5 Construction in Progress - Agency Assets 329.1 - - 1,173.5

Intangible Assets 440.0 - - 9,863.3 Organizational Cost 440.0 - - - Development Cost - - - 9,863.3

Other Assets 78.3 12,988.9 3,290.9 80,000.0 Work/Other Animals 47.2 - - - Other Assets 31.1 12,988.9 3,290.9 80,000.0

253,089.2 21,817.1 216,359.5 135,691.7

Current Liabilities 2,644.3 562.3 172,820.1 18,490.4 Accounts Payable 1,246.2 272.5 10,126.5 - Loans Payable - - 95,330.3 - Interest Payable - - 41,572.4 - Accrued Expenses Payable - 35.5 2,518.0 16,870.4 Due to Officers and Employees - - 375.2 - Due to BIR - 256.5 3,407.0 640.7 Due to SSS - 0.8 100.0 9.1 Due to PAG-IBIG - (1.4) - 4.9 Due to PHILHEALTH - (1.7) - 3.5 Other Payables 1,398.1 - 19,390.7 961.9

Long-Term Liabilities - 13,436.7 641,076.0 80,000.0 Loans Payable - Domestic - - 171,071.7 25,000.0 Other Long-Term Liabilities - 13,436.7 470,004.3 55,000.0

2,644.3 13,998.9 813,896.1 98,490.4

Deferred Credits - 20.4 - - Other Deferred Credits - 20.4 - -

EQUITY Capital Stock 268,517.1 66,004.4 124,905.0 125,000.0 Donated Capital 206,066.6 - - - Retained Earnings (224,138.8) (58,206.6) (722,441.6) (87,798.7)

250,444.9 7,797.8 (597,536.6) 37,201.3

253,089.2 21,817.1 216,359.5 135,691.7




TOTAL ASSETS

TOTAL EQUITY

TOTAL LIABILITIES

241

Income 43,025,477.9 1,629,135.9 17,390.8 Permits and Licenses 332,993.4 - -

Franchising and Licensing Fees 1,318.4 - - Motor Vehicles Users Charge 1,254.1 - - Permit Fees 192,549.5 - - Registration Fees 99,089.3 - - Fines and Penalties - Permits and Licenses 7,053.9 - - Other Permits and Licenses 31,728.1 - -

Service Income 2,378,585.0 846,669.0 16,832.3 Affiliation and Membership Fees 1,153.0 - - Clearance and Certification Fees 59.5 - - Garbage Fees 2,636.0 - - Inspection Fees 2,167.8 - - Medical, Dental and Laboratory Fees 3.6 - - Processing Fees 90,778.3 - - Training and Seminar Fees 2,115.8 - 1,012.5 Toll and Terminal Fees 18,395.2 - - Other Service Income 2,257,963.7 846,669.0 15,819.8 Fines and Penalties - Service Income 3,312.2 - -

Business Income 37,151,058.7 141,797.7 - Rent Income 553,886.8 - - Sales Revenue 36,481,663.2 141,797.7 - Income from Canteen/Restaurant Operation 3,373.9 - - Income from Communication Facilities 1,374.3 - - Income from Dormitory/Guest Houses/Cottages Operations 2,058.8 - - Income from Waterworks Systems 44,075.9 - - Landing and Parking Fees 9,444.9 - - Printing/Publication Income 30.5 - - Other Business Income 49,978.0 - - Fines and Penalties - Business Income 5,172.4 - -

Other Income 2,737,627.4 629,073.6 558.5 Dividend Income 218.8 - - Insurance Income 194.8 - - Interest Income 572,714.8 - 540.8 Share from Economic Zones 393.4 - - Income from Sale of Garnished, Foreclosed, Reclaimed, Confiscated Assets 13,579.0 - - Income from Grants and Donations 23,381.3 - - Miscellaneous Income 2,126,874.5 629,073.6 17.6 Other Fines and Penalties 270.7 - -

Gain/Premiums 425,213.4 11,595.7 - Gain/Loss on Foreign Exchange (FOREX) 389,578.3 - - Gain/Loss on Sale of Disposed Assets 31,627.3 11,595.7 - Gain/Loss on Sale of Securities 4,007.8 - -

Expenses 61,213,180.8 1,754,035.7 18,004.9 Personal Services 4,588,247.7 1,203,833.5 11,592.9

Salaries and Wages 2,715,954.4 744,084.5 8,769.3 Other Compensation 1,186,904.2 276,101.8 1,338.8 Personnel Benefit Contributions 368,504.0 102,327.3 178.7 Other Personnel Benefits 316,885.0 81,319.9 1,306.0

Agricultural, Trading and Promotional ClusterDetailed Statement of Income and Expenses


TOTAL NIA NIACONACCOUNT TITLE

(in thousand pesos)

242



TOTAL NIA NIACONACCOUNT TITLE

(in thousand pesos)

Maintenance and Other Operating Expenses 51,953,304.2 549,919.3 6,400.2 Sales Returns and Allowances 3,823.5 - - Cost of Good Sold 46,381,665.0 - - Travelling Expenses 139,981.6 15,305.7 2,485.8 Training and Scholarship Expenses 18,345.0 678.6 386.5 Supplies Expenses 518,261.4 76,813.3 344.1 Utility Expenses 530,842.2 105,608.4 307.4 Communication Expenses 102,599.1 10,557.9 179.2 Membership Dues and Contributions to Organizations 3,371.5 178.4 5.8 Awards and Indemnities 110.5 104.5 - Advertising, Promotional and Marketing Expenses 121,691.4 283.1 - Printing and Binding Expenses 14,303.5 488.8 - Rent Expenses 705,291.9 220.2 936.0 Representation Expenses 29,621.2 5,069.0 699.1 Transportation and Delivery Expenses 369,540.3 730.0 - Storage Expenses 141,898.3 - - Subscription Expenses 4,439.4 128.6 8.6 Survey Expenses 278.7 - - Rewards and Other Claims 167,554.3 9,550.8 - Professional Services 699,537.5 6,424.0 - Repairs and Maintenance 128,882.8 10,415.6 111.7 Subsidies and Donations 100,984.2 - - Confidential, Intelligence, Extraordinary and Miscelllaneous 52,845.9 4,033.5 - Taxes, Insurance, Premiums and Other Fees 201,664.0 9,283.5 7.9 Bad Debts Expenses 125,968.2 9,351.2 - Depreciation 721,127.1 219,746.7 56.3 Other Maintenance and Operating Expenses 623,694.8 64,947.5 104.9 Losses 43,140.3 - 767.1

Financial Expenses 4,671,628.9 282.9 11.8 Bank Charges 101,788.0 275.3 11.8 Documentary Stamp Expenses 198,945.5 - - Interest Expenses 4,045,115.0 7.5 - Other Financial Charges 325,780.4 - -

Net Income(Loss) Before Subsidy (18,187,702.9) (124,899.8) (614.1) Add: Subsidy from Other National Government Agencies 13,756,223.7 - -

Subsidy from Government Owned and/or Controlled Corporations 6,200.0 - -

Net Income(Loss) Before Tax (4,425,279.2) (124,899.8) (614.1) Less: Provision for (Benefit from) Income Tax 11,754.6 - -

NET INCOME(LOSS) AFTER TAX (4,437,033.8) (124,899.8) (614.1)


243

Income 28,589,704.0 180,691.0 447,312.2 Permits and Licenses 99,799.5 137,484.5 60,918.3

Permit Fees - 131,722.0 60,827.6 Registration Fees 92,833.3 5,762.5 - Fines and Penalties - Permits and Licenses 6,966.2 - 87.6 Other Permits and Licenses - - 3.1

Service Income 41,032.9 9,183.1 83,590.6 Garbage Fees - - 279.5 Inspection Fees - 2,167.8 - Processing Fees - 7,015.3 - Toll and Terminal Fees - - 18,395.2 Other Service Income 41,032.9 - 62,120.6 Fines and Penalties - Service Income - - 2,795.3

Business Income 27,379,919.0 14,289.9 293,807.0 Rent Income - 14,289.9 211,394.2 Sales Revenue 27,379,919.0 - 40,597.8 Other Business Income - - 41,386.6 Fines and Penalties - Business Income - - 428.4

Other Income 803,850.2 19,733.6 8,996.2 Dividend Income 9.9 0.9 7.9 Insurance Income 194.8 - - Interest Income 36,184.9 6,774.7 5,984.6 Income from Grants and Donations - - 1,609.1 Miscellaneous Income 767,460.6 12,949.8 1,229.4 Other Fines and Penalties - 8.3 165.3

Gain/Premiums 265,102.4 - - Gain/Loss on Foreign Exchange (FOREX) 262,402.0 - - Gain/Loss on Sale of Disposed Assets 2,700.5 - -

Expenses 46,633,252.0 446,340.4 425,644.4 Personal Services 1,434,143.5 280,959.2 184,176.6


Maintenance and Other Operating Expenses 41,419,588.9 163,333.1 240,099.3 Cost of Good Sold 39,607,546.6 - - Travelling Expenses 52,950.4 9,919.7 1,840.8 Training and Scholarship Expenses 2,510.5 667.3 - Supplies Expenses 135,256.8 30,239.7 24,362.7 Utility Expenses 86,028.7 12,750.2 101,460.6 Communication Expenses 32,573.2 5,345.4 3,029.5 Membership Dues and Contributions to Organizations 1,295.9 45.3 2.8 Awards and Indemnities 6.0 - - Advertising, Promotional and Marketing Expenses 5,727.2 12.2 122.5 Printing and Binding Expenses 540.9 247.9 344.9 Rent Expenses 70,052.3 6,127.6 5,427.5 Representation Expenses 626.3 32.7 1,681.4 Transportation and Delivery Expenses 338,689.3 2,271.8 2,121.3 Storage Expenses 109,265.3 0.6 9.7 Subscription Expenses 1,710.8 135.0 157.3 Rewards and Other Claims 152,499.8 5,503.7 -



NFA PCA PFDAACCOUNT TITLE

244



NFA PCA PFDAACCOUNT TITLE

Professional Services 308,286.5 36,032.6 52,363.9 Repairs and Maintenance 44,172.0 5,099.3 8,579.0 Subsidies and Donations - - 7.5 Confidential, Intelligence, Extraordinary and Miscelllaneous 14,797.8 7,661.5 - Taxes, Insurance, Premiums and Other Fees 56,602.9 5,395.8 12,569.0 Bad Debts Expenses 3,847.9 4,778.0 2,782.4 Depreciation 134,946.2 17,611.2 21,342.7 Other Maintenance and Operating Expenses 257,816.0 13,308.5 1,547.9 Losses - 147.1 346.0

Financial Expenses 3,779,519.5 2,048.1 1,368.4 Bank Charges 95,911.1 10.3 13.6 Documentary Stamp Expenses 194,400.1 - 0.4 Interest Expenses 3,209,869.1 2,037.8 1,354.1 Other Financial Charges 279,339.2 - 0.3

Net Income(Loss) Before Subsidy (18,043,547.9) (265,649.4) 21,667.8 Add: Subsidy from Other National Government Agencies 12,921,244.4 211,330.0 38,860.0

NET INCOME(LOSS) AFTER SUBSIDY (5,122,303.6) (54,319.4) 60,527.8


245

Income 40,362.5 370,623.6 13,255.6 Permits and Licenses 32,911.0 1,254.1 -

Franchising and Licensing Fees 1,318.4 - - Motor Vehicles Users Charge - 1,254.1 - Other Permits and Licenses 31,592.5 - -

Service Income 3,645.5 41,001.6 431.8 Clearance and Certification Fees 59.0 0.5 - Garbage Fees - 2,356.5 - Medical, Dental and Laboratory Fees - 3.6 - Other Service Income 3,586.5 38,641.1 431.3 Fines and Penalties - Service Income - - 0.5

Business Income 1,239.0 286,648.0 321.5 Rent Income 1,239.0 270,737.8 43.0 Income from Communication Facilities - 697.5 - Landing and Parking Fees - 9,444.9 - Other Business Income - 1,030.3 272.0 Fines and Penalties - Business Income - 4,737.5 6.5

Other Income 2,542.4 24,573.9 12,502.4 Interest Income 1,732.5 9,092.9 12,462.7 Miscellaneous Income 775.4 15,481.0 - Other Fines and Penalties 34.5 - 39.7

Gain/Premiums 24.5 17,145.9 - Gain/Loss on Sale of Disposed Assets 24.5 17,145.9 -



Maintenance and Other Operating Expenses 40,142.1 136,178.8 18,894.9 Travelling Expenses 2,301.8 25.9 14.7 Training and Scholarship Expenses 85.1 216.1 37.3 Supplies Expenses 6,705.4 7,017.0 6,461.0 Utility Expenses 3,330.4 33,273.0 1,643.8 Communication Expenses 1,991.9 1,464.1 607.1 Membership Dues and Contributions to Organizations - 2.5 0.5 Advertising, Promotional and Marketing Expenses 1.0 459.6 576.6 Printing and Binding Expenses 128.1 59.2 35.1 Rent Expenses 1,059.8 50.8 708.7 Representation Expenses 1,109.2 - 89.7 Transportation and Delivery Expenses 61.6 - 34.8 Subscription Expenses 174.2 42.5 24.3 Survey Expenses - 56.3 - Professional Services 10,144.8 20,971.3 3,309.9 Repairs and Maintenance 371.2 980.0 869.0 Subsidies and Donations 22.8 - - Confidential, Intelligence, Extraordinary and Miscelllaneous 409.4 1,853.4 523.4 Taxes, Insurance, Premiums and Other Fees 1,360.3 30,298.6 1,758.5 Bad Debts Expenses 5,034.3 902.0 307.2 Depreciation 5,445.9 38,506.3 1,835.0 Other Maintenance and Operating Expenses 403.3 - 58.3



NTA FTI NDAACCOUNT TITLE

246



NTA FTI NDAACCOUNT TITLE

Financial Expenses 15.1 34,240.2 2,012.3 Bank Charges 15.1 8.8 2.0 Interest Expenses - 31,594.2 1,995.3 Other Financial Charges - 2,637.2 15.0

Net Income(Loss) Before Subsidy (159,277.1) 67,824.5 (50,722.9) Add: Subsidy from Other National Government Agencies 113,902.2 - 52,200.0

Net Income(Loss) Before Tax (45,374.9) 67,824.5 1,477.1 Less: Provision for (Benefit from) Income Tax - 19,877.9 -

NET INCOME(LOSS) AFTER TAX (45,374.9) 47,946.6 1,477.1


247

Income 1,520,055.0 27,975.3 272,489.7 Service Income 1,095,940.9 8,130.9 40,647.9

Other Service Income 1,095,940.9 8,130.9 40,647.9

Business Income - 17,917.1 225,271.6 Rent Income - 17,137.2 3,872.1 Sales Revenue - - 221,399.4 Other Business Income - 779.9 -

Other Income 424,106.2 1,827.3 6,570.3 Dividend Income 1.0 - - Interest Income 385,502.0 1,792.0 1,762.9 Miscellaneous Income 38,603.2 19.6 4,807.4 Other Fines and Penalties - 15.8 -

Gain/Premiums 7.9 99.9 - Gain/Loss on Sale of Disposed Assets 7.9 99.9 -

Expenses 1,445,382.2 69,223.9 301,349.9 Personal Services 262,509.0 11,864.9 40,133.1

Salaries and Wages 169,616.7 6,717.2 23,361.2 Other Compensation 62,359.3 2,093.1 8,527.2 Personnel Benefit Contributions 21,740.6 980.6 3,099.6 Other Personnel Benefits 8,792.4 2,074.0 5,145.2

Maintenance and Other Operating Expenses 421,591.6 50,774.5 260,780.4 Cost of Good Sold - - 200,668.6 Travelling Expenses 17,805.7 441.1 1,342.7 Training and Scholarship Expenses 8,771.7 37.0 211.4 Supplies Expenses 95,618.8 1,371.4 2,689.2 Utility Expenses 11,593.7 3,085.0 2,948.4 Communication Expenses 14,211.6 1,052.9 2,895.3 Membership Dues and Contributions to Organizations 398.8 - - Advertising, Promotional and Marketing Expenses 1,027.6 1.4 7,855.4 Printing and Binding Expenses 2,797.4 - - Rent Expenses 18,834.3 - 9,093.2 Representation Expenses 3,033.7 - 1,073.5 Transportation and Delivery Expenses 93.6 - 83.5 Subscription Expenses 349.9 - - Professional Services 27,461.4 10,091.8 7,976.7 Repairs and Maintenance 2,307.0 449.4 1,510.9 Subsidies and Donations 171.9 - - Confidential, Intelligence, Extraordinary and Miscelllaneou 1,478.3 3,769.2 9,680.8 Taxes, Insurance, Premiums and Other Fees 12,350.9 6,474.7 2,361.2 Bad Debts Expenses 70,083.6 - 4,561.2 Depreciation 13,242.9 - 2,319.1 Other Maintenance and Operating Expenses 119,958.7 1,680.0 438.0 Losses - 22,320.6 3,071.3



QUEDANCOR KKK-PCA PITCACCOUNT TITLE

248



QUEDANCOR KKK-PCA PITCACCOUNT TITLE

Financial Expenses 761,281.5 6,584.5 436.4 Bank Charges 292.3 0.3 258.3 Documentary Stamp Expenses 4,499.2 - - Interest Expenses 756,472.2 6,584.2 178.1 Other Financial Charges 17.8 - -

Net Income(Loss) Before Tax 74,672.8 (41,248.6) (28,860.2) Less: Provision for (Benefit from) Income Tax - - (8,123.3)

NET INCOME(LOSS) AFTER TAX 74,672.8 (41,248.6) (20,736.9)


249

Income 9,493,277.6 355.5 18,741.6 108,594.7 Service Income 83,763.0 328.0 - 100,075.6

Processing Fees 83,763.0 - - - Other Service Income - 328.0 - 100,075.6

Business Income 8,570,935.2 - 18,518.1 - Rent Income 2,893.9 - 4,901.6 - Sales Revenue 8,523,965.4 - 12,810.4 - Income from Waterworks Systems 44,075.9 - - - Other Business Income - - 806.0 -

Other Income 711,350.1 27.5 223.5 8,519.2 Dividend Income 28.5 0.4 - - Interest Income 77,685.1 27.1 33.1 5,231.3 Miscellaneous Income 633,629.3 0.0 190.4 3,287.9 Other Fines and Penalties 7.2 - - -

Gain/Premiums 127,229.3 - - - Gain/Loss on Foreign Exchange (FOREX) 127,176.3 - - - Gain/Loss on Sale of Disposed Assets 53.0 - - -

Expenses 8,637,967.8 1,301.7 38,938.4 178,200.7 Personal Services 598,714.5 - 3,950.4 29,028.8

Salaries and Wages 275,686.4 - 2,850.6 18,909.3 Other Compensation 219,801.7 - 496.7 6,941.7 Personnel Benefit Contributions 30,691.7 - 230.1 2,775.5 Other Personnel Benefits 72,534.7 - 373.1 402.3

Maintenance and Other Operating Expenses 7,995,326.1 1,301.6 34,983.1 149,049.8 Cost of Good Sold 6,469,111.8 - - - Travelling Expenses 16,435.0 630.4 404.7 3,463.7 Training and Scholarship Expenses 1,202.6 - - 318.3 Supplies Expenses 67,467.1 231.7 5,939.5 6,880.5 Utility Expenses 143,883.7 - 3.7 5,143.1 Communication Expenses 12,709.9 78.1 94.8 6,918.3 Membership Dues and Contributions to Organizations 263.0 - - 12.0 Advertising, Promotional and Marketing Expenses 92,813.6 - 70.3 8,293.9 Printing and Binding Expenses - - - 5,352.4 Rent Expenses 524,402.9 2.4 - 62,706.5 Representation Expenses 6,702.3 112.0 - 3,035.0 Transportation and Delivery Expenses 20,831.2 - 259.2 1,822.4 Storage Expenses 32,580.5 - - - Subscription Expenses 495.2 - - 443.5 Survey Expenses 192.4 - - - Professional Services 154,125.9 - 8,290.6 17,993.4 Repairs and Maintenance 25,871.6 15.4 6,284.4 927.6 Subsidies and Donations 91,409.6 - - - Confidential, Intelligence, Extraordinary and Miscelllaneous 2,063.7 - 1.1 4,765.1 Taxes, Insurance, Premiums and Other Fees 52,238.6 7.4 331.2 1,041.0 Bad Debts Expenses 18,381.8 - - 1,536.5 Depreciation 176,745.7 184.0 13,252.6 2,698.8 Other Maintenance and Operating Expenses 77,995.9 40.2 (0.0) 10,360.0 Losses 7,402.3 - 50.9 5,337.8

CITEM



ACCOUNT TITLE PTA PCPSSD CFI

250

CITEM



ACCOUNT TITLE PTA PCPSSD CFI

Financial Expenses 43,927.2 0.2 4.9 122.2 Bank Charges 4,609.9 0.2 0.2 122.2 Documentary Stamp Expenses 45.7 - - - Interest Expenses 32,231.8 - 4.7 - Other Financial Charges 7,039.8 - - -

Net Income(Loss) Before Subsidy 855,309.8 (946.2) (20,196.9) (69,606.0) Add: Subsidy from Other National Government Agencies - 449.8 385.0 93,000.0

Subsidy from Government Owned and/or Controlled Corporations - - 6,200.0 -

Net Income(Loss) Before Tax 855,309.8 (496.4) (13,611.9) 23,394.0 Less: Provision for (Benefit from) Income Tax - - - -

NET INCOME(LOSS) AFTER TAX 855,309.8 (496.4) (13,611.9) 23,394.0


251

Income 2,585.9 3,174.0 41,353.0 2,307.1 Permits and Licenses 493.5 - - -

Registration Fees 493.5 - - -

Service Income 1,153.0 2,225.2 3,033.7 450.0 Affiliation and Membership Fees 1,153.0 - - - Training and Seminar Fees - 1,103.3 - - Other Service Income - 1,121.9 2,517.3 450.0 Fines and Penalties - Service Income - - 516.5 -

Business Income - 126.1 24,995.4 - Rent Income - - 24,995.4 - Income from Dormitory/Guest Houses/Cottages Operations - 49.9 - - Other Business Income - 76.3 - -

Other Income 939.4 822.7 13,323.8 1,857.1 Dividend Income 5.2 - 165.0 - Interest Income 207.2 461.3 13,158.8 379.1 Miscellaneous Income 727.0 361.4 - 1,478.0


Salaries and Wages 21,586.9 7,483.9 3,440.0 128.8 Other Compensation 6,547.9 2,682.3 1,891.9 1,009.5 Personnel Benefit Contributions 3,027.4 1,069.1 326.8 12.4 Other Personnel Benefits 3,306.4 366.7 8.4 10.0

Maintenance and Other Operating Expenses 26,768.9 10,053.5 29,718.1 6,852.4 Travelling Expenses 234.9 276.9 470.5 1,090.9 Training and Scholarship Expenses 14.1 173.1 15.3 - Supplies Expenses 4,187.6 3,194.6 402.4 252.3 Utility Expenses 1,993.7 720.3 1,303.6 209.4 Communication Expenses 2,080.7 335.6 314.2 123.4 Membership Dues and Contributions to Organizations 588.1 2.5 383.5 - Advertising, Promotional and Marketing Expenses 3,129.0 56.9 - 610.2 Printing and Binding Expenses 202.0 87.5 25.6 - Rent Expenses 1,074.5 - 400.6 1,923.4 Representation Expenses 1,521.7 288.9 3,306.5 282.2 Transportation and Delivery Expenses 336.7 1.4 10.1 80.0 Storage Expenses - - 37.4 - Subscription Expenses 110.4 61.0 4.2 3.9 Professional Services 6,371.2 2,379.0 9,233.3 929.5 Repairs and Maintenance 1,665.1 1,148.2 236.5 13.9 Subsidies and Donations 12.0 - - - Confidential, Intelligence, Extraordinary and Miscelllaneous 70.5 81.7 700.5 99.6 Taxes, Insurance, Premiums and Other Fees 1,513.7 170.8 2,294.7 56.7 Bad Debts Expenses - 548.2 3,849.0 - Depreciation 1,663.0 526.9 6,138.0 102.8 Other Maintenance and Operating Expenses 0.0 - 592.1 1,074.3

NABCOR



ACCOUNT TITLE PCVC CITC HSDC

252

NABCOR



ACCOUNT TITLE PCVC CITC HSDC

Financial Expenses 104.6 - 0.0 5.5 Bank Charges 104.6 - 0.0 5.5

Net Income(Loss) Before Subsidy (58,756.3) (18,481.7) 5,967.8 (5,711.5) Add: Subsidy from Other National Government Agencies 64,800.0 13,000.0 - -

NET INCOME(LOSS) AFTER SUBSIDY 6,043.7 (5,481.7) 5,967.8 (5,711.5) Difference between totals and sum of components is due to rounding off

253

Income 222.1 27,962.5 50,738.7 26,633.7 Business Income - 27,707.3 8,124.4 6,770.3

Rent Income - - 458.0 1,924.5 Sales Revenue - 27,707.3 - 795.0 Income from Canteen/Restaurant Operation - - - 3,373.9 Income from Communication Facilities - - - 676.8 Income from Dormitory/Guest Houses/Cottages Operations - - 2,009.0 - Printing/Publication Income - - 30.5 - Other Business Income - - 5,626.9 -

Other Income 222.1 255.2 42,614.4 19,863.4 Interest Income 35.6 254.0 10,844.3 395.1 Income from Sale of Garnished, Foreclosed,Reclaimed, Confiscated Assets - - - 13,579.0 Income from Grants and Donations - - 21,772.3 - Miscellaneous Income 186.5 1.2 9,997.8 5,889.3


Salaries and Wages 705.7 906.3 58,708.4 6,870.1 Other Compensation 233.3 912.4 19,450.4 4,223.8 Personnel Benefit Contributions 40.3 105.5 8,532.3 1,006.4 Other Personnel Benefits 257.8 523.2 4,752.5 316.6

Maintenance and Other Operating Expenses 970.0 25,883.2 188,484.5 22,182.6 Cost of Good Sold - 22,291.0 - - Travelling Expenses 4.0 219.5 7,822.7 764.5 Training and Scholarship Expenses - 2.4 2,784.0 149.2 Supplies Expenses 36.6 2,653.9 22,151.0 4,900.6 Utility Expenses - 14.0 13,380.2 1,199.2 Communication Expenses 48.3 80.1 3,829.2 564.7 Membership Dues and Contributions to Organizations - - 22.8 0.5 Advertising, Promotional and Marketing Expenses - - 273.6 102.0 Printing and Binding Expenses - - 3,853.3 4.5 Rent Expenses - - 466.9 263.3 Representation Expenses 54.2 46.6 10.1 372.8 Transportation and Delivery Expenses - - 81.8 182.3 Storage Expenses - - 4.8 - Subscription Expenses 1.0 - 574.8 14.3 Survey Expenses - - - 30.0 Professional Services 532.4 224.7 2,843.7 6,902.6 Repairs and Maintenance 215.9 43.3 7,154.0 651.4 Subsidies and Donations - - 9,352.4 8.0 Confidential, Intelligence, Extraordinary and Miscellaneous 11.9 - - 17.0 Taxes, Insurance, Premiums and Other Fees 59.3 42.6 2,661.1 300.6 Depreciation 6.4 216.7 48,560.2 5,665.6 Other Maintenance and Operating Expenses - 48.2 58,960.5 89.4 Losses - - 3,697.3 -

Financial Expenses 0.7 530.7 49.8 1,853.8 Bank Charges 0.7 2.1 49.8 53.8 Interest Expenses - 528.6 - 1,800.0

Net Income(Loss) Before Subsidy (1,985.6) (898.8) (229,239.3) (9,819.5) Add: Subsidy from Other National Government Agencies - - 240,000.0 7,052.4

NET INCOME(LOSS) AFTER SUBSIDY (1,985.6) (898.8) 10,760.7 (2,767.1)


NRDC



ACCOUNT TITLE PGI ZNAC PRRI

254

Income 15,919.3 6,557.4 116,453.8 1,605.2 Permits and Licenses - - - 132.5

Other Permits and Licenses - - - 132.5

Service Income - 450.0 - - Other Service Income - 450.0 - -

Business Income 15,833.1 - 115,758.7 1,079.3 Rent Income - - - - Sales Revenue 15,833.1 - 115,758.7 1,079.3

Other Income 86.2 2,099.7 695.1 393.4 Interest Income 73.1 2,099.7 - - Share from Economic Zones - - - 393.4 Miscellaneous Income 13.2 - 695.1 -

Gain/Premiums - 4,007.8 - - Gain/Loss on Sale of Securities - 4,007.8 - -


Salaries and Wages 3,801.5 890.0 4,530.6 14,420.5 Other Compensation 716.6 302.8 1,992.4 - Personnel Benefit Contributions 346.1 52.7 417.8 715.3 Other Personnel Benefits 694.8 366.1 1,044.5 1,671.7

Maintenance and Other Operating Expenses 20,155.5 1,425.5 99,426.7 33,019.7 Sales Returns and Allowances - - 3,823.5 - Cost of Good Sold - - 78,916.5 3,130.5 Travelling Expenses 109.7 372.7 1,294.4 1,952.4 Training and Scholarship Expenses 44.4 - 40.2 - Supplies Expenses 993.0 26.4 2,442.8 9,622.1 Utility Expenses 118.4 - 843.3 - Communication Expenses 92.3 69.9 421.6 929.9 Membership Dues and Contributions to Organizations - - - 169.1 Advertising, Promotional and Marketing Expenses 35.1 - 229.2 11.0 Printing and Binding Expenses - 0.4 - 135.4 Rent Expenses - - 140.2 1,400.6 Representation Expenses 22.2 7.8 444.2 - Transportation and Delivery Expenses - - 1,744.4 104.8 Professional Services 73.8 454.3 5,208.2 911.7 Repairs and Maintenance 3,331.3 81.7 688.5 5,689.1 Confidential, Intelligence, Extraordinary and Miscelllan - 137.4 196.2 493.7 Taxes, Insurance, Premiums and Other Fees 458.4 269.8 1,525.6 229.3 Bad Debts Expenses 5.0 - - - Depreciation 7,892.4 5.3 1,443.6 972.8 Other Maintenance and Operating Expenses 6,979.5 0.0 24.4 7,267.2

Financial Expenses 0.4 386.3 36,612.1 230.2 Bank Charges 0.4 0.0 1.8 38.1 Documentary Stamp Expenses - - - 0.1 Interest Expenses - 386.3 - 71.3 Other Financial Charges - - 36,610.4 120.7

NET INCOME(LOSS) (9,795.5) 3,134.1 (27,570.4) (48,452.1)


NRMDC



ACCOUNT TITLE BFI PADCC NFC

255

Government Equity Balance at beginning of the year 6,374,583.5 - - 2,168,882.9 Balance of Intra-Agency Accounts (7,679.0) - - (7,125.1) Additions/Deductions 9,531.8 - - - Balance at end of the year 6,376,436.3 - - 2,161,757.8

Capital Stock Balance at beginning of the year 7,967,856.8 5,559,191.9 10,000.0 - Deposit for Future Subscriptions 123,888.0 - - - Additions/Deductions - - - - Balance at end of the year 8,091,744.8 5,559,191.9 10,000.0 -

Subscribed Capital Stock Balance at beginning of the year 4,401,440.5 - - 3,890,590.3 Additions/Deductions - - - - Balance at end of the year 4,401,440.5 - - 3,890,590.3

Donated Capital Balance at beginning of the year 333,436.2 2,252.3 - - Additions/Deductions (18,864.2) - - - Balance at end of the year 314,572.0 2,252.3 - -

Paid-in Capital in Excess of Par Value Balance at beginning of the year 480,294.3 - - - Additions/Deductions - - - - Balance at end of the year 480,294.3 - - -

Appraisal Capital Balance at beginning of the year 2,416,013.1 - - - Additions/Deductions - - - - Balance at end of the year 2,416,013.1 - - -

Treasury Stock Balance at beginning of the year (432.5) - - - Additions/Deductions - - - - Balance at end of the year (432.5) - - -

Restricted Capital Equity Balance at beginning of the year 271,039.9 - - - Additions/Deductions - - - - Balance at end of the year 271,039.9 - - -

Retained Earnings Balance at beginning of the year (16,100,396.6) 15,310,138.5 5,238.5 (30,686,995.2) Balance of Intra-Agency Accounts 459,036.7 (432,268.0) - - Additions/Deductions (594,861.0) (14,489.0) - - Prior Years’ Adjustments 1,763,454.7 216,034.7 (397.2) 1,350,441.8 Net Income/Loss for the year (4,437,033.8) (124,899.8) (614.1) (5,122,303.6) Dividends (14,542.1) - - - Balance at end of the year (18,924,342.2) 14,954,516.5 4,227.2 (34,458,857.0)

Total Equity 3,426,766.2 20,515,960.7 14,227.2 (28,406,508.8)


NFAParticulars Total NIA NIACon

Agricultural, Trading and Promotional ClusterDetailed Statement of Changes in EquityFor the Year Ended December 31, 2005

(in thousand pesos)

256

Government Equity Balance at beginning of the year - 567,233.9 423,996.8 - 83,009.2 Balance of Intra-Agency Accounts - - (586.1) - 25.8 Additions/Deductions - 3,131.8 150.0 - - Balance at end of the year - 570,365.8 423,560.7 - 83,035.0

Subscribed Capital Stock Balance at beginning of the year - - - 500,000.0 - Additions/Deductions - - - - - Balance at end of the year - - - 500,000.0 -

Donated Capital Balance at beginning of the year 89,919.5 - - - 2,275.8 Additions/Deductions 327.5 - - - (2,275.8) Balance at end of the year 90,247.0 - - - -

Appraisal Capital Balance at beginning of the year 20,097.0 - - 2,347,264.4 - Additions/Deductions - - - - - Balance at end of the year 20,097.0 - - 2,347,264.4 -

Restricted Capital Equity Balance at beginning of the year - - 51,091.5 - 1,808.0 Additions/Deductions - - - - - Balance at end of the year - - 51,091.5 - 1,808.0

Retained Earnings Balance at beginning of the year 590,602.8 (636,511.2) (265,809.1) (841,664.1) (21,652.1) Balance of Intra-Agency Accounts 1,975.1 - - - - Prior Years’ Adjustments 748,078.1 (7,944.0) 45,424.6 66,446.5 (377.1) Net Income/Loss for the year (54,319.4) 60,527.8 (45,374.9) 47,946.6 1,477.1 Dividends - (14,542.1) - - - Balance at end of the year 1,286,336.7 (598,469.6) (265,759.3) (727,271.0) (20,552.1)

Total Equity 1,396,680.7 (28,103.8) 208,892.9 2,119,993.4 64,291.0


Particulars FTI NDAPCA PFDA NTA


(in thousand pesos)

257

Capital Stock Balance at beginning of the year 762,779.6 526,681.4 300,000.0 - - Additions/Deductions - - - - - Balance at end of the year 762,779.6 526,681.4 300,000.0 - -

Subscribed Capital Stock Balance at beginning of the year - - - 10,850.2 - Additions/Deductions - - - - - Balance at end of the year - - - 10,850.2 -

Donated Capital Balance at beginning of the year - - - 14,387.3 - Additions/Deductions - - - - - Balance at end of the year - - - 14,387.3 -

Paid-in Capital in Excess of Par Value Balance at beginning of the year 480,294.3 - - - - Additions/Deductions - - - - - Balance at end of the year 480,294.3 - - - -

Appraisal Capital Balance at beginning of the year - 19,806.3 - 9,680.0 - Additions/Deductions - - - - - Balance at end of the year - 19,806.3 - 9,680.0 -

Treasury Stock Balance at beginning of the year (432.5) - - - - Additions/Deductions - - - - - Balance at end of the year (432.5) - - - -

Balance at beginning of the year 225,062.6 (371,707.0) (100,868.9) 4,830,123.0 1,675.8 Balance of Intra-Agency Accounts - (10,274.6) - (26,603.6) - Additions/Deductions - - - (588,992.3) - Prior Years’ Adjustments (24,050.0) (6,741.8) - (362,551.0) (7.9) Net Income/Loss for the year 74,672.8 (41,248.6) (20,736.9) 855,309.8 (496.4) Balance at end of the year 275,685.4 (429,972.0) (121,605.7) 4,707,286.0 1,171.4

Total Equity 1,518,326.8 116,515.7 178,394.3 4,742,203.6 1,171.4


Particulars PITC PTA PCPSSDQUEDANCOR KKK-PCA


(in thousand pesos)

258

Government Equity Balance at beginning of the year - 36,435.4 - - 1,970,124.9 Balance of Intra-Agency Accounts - - - - 6.4 Additions/Deductions - - - - - Balance at end of the year - 36,435.4 - - 1,970,131.3

Donated Capital Balance at beginning of the year - 16,915.9 - 1,618.8 - Additions/Deductions - (16,915.9) - - - Balance at end of the year - - - 1,618.8 -

Appraisal Capital Balance at beginning of the year - 5,054.4 - 14,111.0 - Additions/Deductions - - - - - Balance at end of the year - 5,054.4 - 14,111.0 -

Restricted Capital Equity Balance at beginning of the year - 218,140.3 - - - Additions/Deductions - - - - - Balance at end of the year - 218,140.3 - - -

Retained Earnings Balance at beginning of the year 114,071.7 319,087.9 27,148.6 39,116.6 (1,176,279.9) Balance of Intra-Agency Accounts - - - 17,675.9 - Additions/Deductions - - - 8,620.3 - Prior Years’ Adjustments (251.5) (176,320.0) (3,147.6) (1,253.1) (13,847.0) Net Income/Loss for the year (13,611.9) 23,394.0 6,043.7 (5,481.7) 5,967.8 Balance at end of the year 100,208.3 166,161.9 30,044.7 58,678.0 (1,184,159.1)

Total Equity 100,208.3 425,791.9 30,044.7 74,407.7 785,972.2


CITC HSDC


(in thousand pesos)

CFIParticulars CITEM PCVC

259

Government Equity Balance at beginning of the year - - - 1,000,710.6 Additions/Deductions - - - - Balance at end of the year - - - 1,000,710.6

Capital Stock Balance at beginning of the year 299,750.0 41,515.9 7,399.5 - Additions/Deductions - - - - Balance at end of the year 299,750.0 41,515.9 7,399.5 -

Retained Earnings Balance at beginning of the year (1,304,522.8) (936,005.5) (6,614.9) (314,421.7) Balance of Intra-Agency Accounts - 889,996.0 - - Prior Years’ Adjustments - 496.1 694.9 9,852.5 Net Income/Loss for the year (5,711.5) (1,985.6) (898.8) 10,760.7 Balance at end of the year (1,310,234.3) (47,499.0) (6,818.8) (293,808.4)

Total Equity (1,010,484.3) (5,983.1) 580.7 706,902.2


PRRI


(in thousand pesos)

Particulars NABCOR PGI ZNAC

260

Government Equity Balance at beginning of the year 124,189.7 - - - - Balance of Intra-Agency Accounts - - - - - Additions/Deductions 6,250.0 - - - - Balance at end of the year 130,439.7 - - - -

Capital Stock Balance at beginning of the year - 268,517.1 66,004.4 1,017.0 125,000.0 Deposit for Future Subscriptions - - - 123,888.0 - Additions/Deductions - - - - - Balance at end of the year - 268,517.1 66,004.4 124,905.0 125,000.0

Donated Capital Balance at beginning of the year - 206,066.6 - - - Additions/Deductions - - - - - Balance at end of the year - 206,066.6 - - -

Retained Earnings Balance at beginning of the year 38,851.8 (214,322.7) (64,478.0) (622,605.4) (37,056.2) Balance of Intra-Agency Accounts 15,418.4 - 3,117.4 - - Additions/Deductions - - - - - Prior Years’ Adjustments (2,569.4) (20.6) 19.9 (72,265.8) (2,290.4) Net Income/Loss for the year (2,767.1) (9,795.5) 3,134.1 (27,570.4) (48,452.1) Balance at end of the year 48,933.7 (224,138.8) (58,206.6) (722,441.6) (87,798.7)

Total Equity 179,373.5 250,444.9 7,797.8 (597,536.6) 37,201.3


NRMDC


(in thousand pesos)

NRDC BFI PADCC NFCParticulars

261


Service Fees 133,866.2 - 133,866.2 Cash Receipts from Sale of Goods and Inventories 283,550.8 - - Interest and Commission 23.4 - - Interest Income 64,123.6 - 36,184.9 Collection of Income/Revenue 9,356,321.7 (185.2) 10,895.2 Fees, Commission & Other Income 30,142.1 - 28,481.7 Cash Received from Customers 26,954,099.2 - 25,924,623.8 Cash Received from HO&RO/Accredited Collection 39,077,567.6 - 38,645,755.2 Cash Received from Other Sources 372.9 - - Collection of Receivables 3,668,184.7 1,150.0 553,041.2 Collection Held in Trust 2,686,812.8 - 1,717,222.9 Dividend Income 10.9 - 9.9 Other Receipts/Adjustments 7,448.9 - 4,102.7 Receipt of subsidy, financial assistance, grants & donations 1,903,549.3 - 1,150,000.0 Gain on Foreign Exchange 380,902.5 (767.1) 379,655.7 Receipt of Refund from Cash Advance and Reinsurance Premium/Other Expenses 6,595.8 - 6,370.1 Unreleased/Cancelled Checks 18,217.3 - - Proceeds of Insurance 3,189.4 - 194.8 Cancellation of Stale Checks 26.3 - 26.3 Receipt of Project Fund 9,795.9 - - Grants and Donations 104.5 - - Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense 3,346.1 - 1,421.9 Receipts of Guaranty Deposits 2,481.2 - - Proceeds on Performance Bond/Other Deposits 27,619.4 - 12,851.4 Other Inflows (Encode the details below) 2,717,146.0 - 566,473.6

Total Cash Inflows 87,335,498.8 197.8 69,171,177.5

Cash Outflows:Payment of Members and Beneficiaries 164.7 - - Payment of Accounts Payable 1,642,311.4 (2,411.8) - General & Administrative Expenses 128.8 - - Payment of Financing/Bank Charges 326.0 - 326.0

` Payment of Interests 180.2 - - Payment of Operating Expenses 41,256,302.8 3,657.8 38,078,703.1 Payment to Officers and Employees 52,745.0 - - Other Cash Outlay/Adjustments 45,788.3 - 28,887.5 Loan Releases 2,286,910.2 - - Payment of Taxes and Licenses 14,715.2 - - Remittances to Various Entities 35,298,111.5 12.4 29,764,906.0 Trust Liabilities 1,050,954.9 - 773,302.8 Trust Fund 551,113.8 - - Payment of Taxes and Licenses and Other Fees 510,498.1 - 3,656.9 Loans and Advances to Employees 12,616.8 - - Payment of Prior Year's Expenditures 441,573.2 - 438,286.4 Prepayments 25,363.3 - 5,009.5 Payment of Refund 7,143.8 - 946.0 Payment for Purchase of Inventories/Services 996,423.5 33.6 2,452.7 Loss on Foreign Exchange 121,433.9 - 117,253.7 Transfer of Funds 315,374.0 - - Payment of Refund 6,230.5 - - Refund of Depository Liabilities 395,003.1 - 395,003.1 Refund of Performance/Bidders/Bail Bonds 3,132.2 - 2,752.2 Prior Year's Expenditures 73,293.6 - -

Agricultural, Trading and Promotional ClusterDetailed Statement of Cash Flows, By GOCCs


Particulars Total NIACON NFA

262




Remittance to GSIS/Pag-IBIG/Philhealth 16,801.3 - - Prepayments and Guaranty deposits 29,890.9 - - Payment of Prepaid Expenses 5,179.0 205.0 - Loans and Advances to Employees 1,595.1 - - Granting of Cash Advance/Petty Cash Fund 3,590.0 - - Interest and Reinsurance Payments 71.3 - - Other Outflows (Encode the details below) 3,236,613.3 - 85,344.4

Total Cash Outflows 88,401,579.8 1,497.1 69,696,830.4 Cash Provided by (Used in ) Operating Activities (1,066,080.9) (1,299.4) (525,652.9)

Cash Flows from Investing Activities - - - Cash Inflows:

Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment 12,624,744.7 - 127,146.5 Collection from Loans 17,006.5 - - Dividend Received 157.0 - - Interest Received 12,577.9 - - Proceeds from Investments/Sinking Fund 3,300.6 - - Other Investments 2,265.2 - - Acquisition, Major Repair and Adjustment of Fixed Assets (net) 3,131.3 - - Proceeds from Sale of Fixed Assets 27,363.1 - 2,000.5 Adjustment of Fixed Assets 0.7 - - Other Inflows (Encode the details below) 717.2 - 717.2

Total Cash Inflows 12,691,264.1 - 129,864.1

Cash Outflows:Acquisition of Property, Plant and Equipment 181,883.9 - 135,117.7 Investment in Retail Treasury Bonds/Marketable Securities/Stocks 18,189,749.1 - 4,378,073.1 Placement of Cash 30,000.0 - - Loan Releases 250,401.8 - - Advances to Affiliates 6,708.5 - - Construction Cost/Capital expenditures 22,487.7 - - Research and Exploration and Development Cost 4,940.8 - - Purchase of Fixed Assets 21,601.6 76.7 - Disbursement for Capital Expenditures 8,511.7 - - Other Expenses 176.1 - - Other Outflows (Encode the details below) 6,250.0 - -

Total Cash Outflows 18,722,711.2 76.7 4,513,190.7 Cash Provided by (Used in) Investing Activities (6,031,447.0) (76.7) (4,383,326.6)

Cash Flows from Financing Activities - - - Cash Inflows:

Proceeds from Long-Term Borrowings 28,198,255.7 - 25,489,102.5 Loans 2,664.3 - - Net Payments of Loans 636.1 - - Advances from National Government 13,000.0 - - Advances from Affiliates 69,484.0 - - Deposit for Future Subscription 25,000.0 - - Other Inflows (Encode the details below) 2,735,025.9 - -

Total Cash Inflows 31,044,066.0 - 25,489,102.5

263




Cash Outflows:Payments of Bonds Payable 3,242.1 - - Payment of Domestic and Foreign Loans 17,700,431.8 - 17,689,081.4 Payment of Long Term Liabilities 1,124,827.1 - - Interest Expense 3,455,038.9 - 3,452,934.8 Other Expenses/Payables 4,380.6 - - Other Outflows (Encode the details below) 2,142,210.9 - -

Total Cash Outflows 24,430,131.4 - 21,142,016.2 Cash Provided by (Used in) Financing Activities 6,613,934.6 - 4,347,086.3

Effects of Exchange Rate Changes on Cash and Cash Equivalents (5,270.2) - -

Increase (Decrease) in Cash and Cash Equivalents (488,863.6) (1,376.1) (561,893.2)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 6,139,036.6 15,146.4 2,100,566.1

Cash and Cash Equivalents, Ending December 31, 2005 5,650,173.1 13,770.3 1,538,672.9


264


Interest Income - 17,934.1 - 3,140.7 Collection of Income/Revenue 391,874.0 - 29,422.4 - Fees, Commission & Other Income - - - 12.7 Cash Received from Customers - 415,859.9 - - Cash Received from Other Sources - - - 372.9 Collection of Receivables 32,919.9 - 11,512.1 364,892.1 Receipt of Subsidy, Financial Assistance, - 38,860.0 113,902.2 -

Grants & DonationsProceeds of Insurance - - - 2,994.6 Proceeds on Performance Bond/Other Deposits - - - 13,496.9


Cash Outflows:Payment of Accounts Payable - - 5,931.5 - Payment of Operating Expenses - - 95,803.8 264,049.0 Payment to Officers and Employees - - - 20,000.0 Other Cash Outlay/Adjustments - 14,542.1 - - Remittances to Various Entities - - 46,626.9 45,645.0 Loans and Advances to Employees - - - 7,459.1 Payment of Refund - - - 4,797.1 Payment for Purchase of Inventories/Services - 445,965.9 - - Payment of Prepaid Expenses - - 364.4 - Other Outflows (Encode the details below) 459,858.0 - 13,853.0 -

Total Cash Outflows 459,858.0 460,508.0 162,579.6 341,950.1 Cash Provided by (Used in ) Operating Activities (35,064.1) 12,146.0 (7,742.9) 42,959.8


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - 27,319.1 168.5 - Acquisition, Major Repair and Adjustment of Fixed Assets (net) - 3,131.3 - - Proceeds from Sale of Fixed Assets - - 1,714.0 18,475.0

Total Cash Inflows - 30,450.4 1,882.5 18,475.0

Cash Outflows:Acquisition of Property, Plant and Equipment - 4,671.8 339.5 - Investment in Retail Treasury Bonds/Marketable Securities/Stocks - - - 84,055.5 Disbursement for Capital Expenditures 4,624.5 - - 924.6 Other Expenses - 176.1 - -

Total Cash Outflows 4,624.5 4,847.9 339.5 84,980.1 Cash Provided by (Used in) Investing Activities (4,624.5) 25,602.4 1,543.1 (66,505.1)


Net Payments of Loans - 636.1 - - Other Inflows (Encode the details below) 106,841.8 - - -

Total Cash Inflows 106,841.8 636.1 - -

FTI



Particulars PCA PFDA NTA

265

FTI



Particulars PCA PFDA NTA

Cash Outflows:Payment of Domestic and Foreign Loans - 11,350.4 - - Payment of Long Term Liabilities 32,271.3 - - - Interest Expense - 1,354.1 - -

Total Cash Outflows 32,271.3 12,704.5 - - Cash Provided by (Used in) Financing Activities 74,570.6 (12,068.4) - -

Increase (Decrease) in Cash and Cash Equivalents 34,882.0 25,680.1 (6,199.9) (23,545.3)

Add: Cash and Cash Equivalents, Beginning 335,241.7 201,344.4 16,857.9 38,840.9 January 1, 2005 as restated



266


Cash Receipts from Sale of Goods and Inventories - - 31,435.0 222,749.4 Interest Income - - - 745.8 Collection of Income/Revenue 11,178.0 289,938.4 - 8,012.8 Fees, Commission & Other Income - - - - Cash Received from Customers - - - 14,715.2 Collection of Receivables 16,698.3 2,495,840.0 - - Collection Held in Trust 10,938.2 391,402.0 - - Dividend Income - 1.0 - - Receipt of subsidy, financial assistance, grants & donations 52,200.0 - - 125,000.0 Receipt of Refund from Cash Advance and Reinsurance Premium/Other Expenses - - - 193.1 Grants and Donations - 104.5 - - Proceeds on Performance Bond/Other Deposits - - - 817.3 Other Inflows (Encode the details below) 61,498.2 - - -

Total Cash Inflows 152,512.7 3,177,285.8 31,435.0 372,233.6

Cash Outflows:Payment of Accounts Payable 6,889.4 594,787.7 - -

` Payment of Interests - - - 178.1 Payment of Operating Expenses 56,277.4 957,539.0 - 83,883.4 Payment to Officers and Employees - - - 8,721.1 Loan Releases - 2,283,084.0 - 3,826.2 Payment of Taxes and Licenses - - - 14,715.2 Remittances to Various Entities - 339,493.1 - - Trust Liabilities 54,548.6 - - - Loans and Advances to Employees - 4,368.1 - - Payment of Prior Year's Expenditures - 3,286.8 - - Payment of Refund - - - 290.9 Payment for Purchase of Inventories/Services - 1,827.6 - 181,173.0 Prepayments and Guaranty deposits - 29,870.9 - - Other Outflows (Encode the details below) - - 48,827.4 -

Total Cash Outflows 117,715.4 4,214,257.3 48,827.4 292,787.8 Cash Provided by (Used in ) Operating Activities 34,797.4 (1,036,971.5) (17,392.4) 79,445.9


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - 10,196,692.8 - - Interest Received - - 1,763.5 - Other Investments - 2,265.2 - - Proceeds from Sale of Fixed Assets - 771.1 109.9 55.9

Total Cash Inflows - 10,199,729.0 1,873.3 55.9

Cash Outflows:Acquisition of Property, Plant and Equipment - 3,969.8 196.6 1,434.1 Investment in Retail Treasury Bonds/Marketable Securities/Stocks - 11,136,599.2 - -

Total Cash Outflows - 11,140,569.0 196.6 1,434.1 Cash Provided by (Used in) Investing Activities - (940,839.9) 1,676.8 (1,378.2)

PITC



Particulars NDA QUEDANCOR KKK-PCA

267

PITC



Particulars NDA QUEDANCOR KKK-PCA


Proceeds from Long-Term Borrowings - 2,682,459.5 500.0 - Other Inflows (Encode the details below) - 2,628,184.0 - -

Total Cash Inflows - 5,310,643.5 500.0 -

Cash Outflows:Payments of Bonds Payable - 3,242.1 - - Payment of Long Term Liabilities - 1,092,555.8 - - Other Outflows (Encode the details below) - 2,137,692.0 - -

Total Cash Outflows - 3,233,489.9 - - Cash Provided by (Used in) Financing Activities - 2,077,153.6 500.0 -

Increase (Decrease) in Cash and Cash Equivalents 34,797.4 99,342.2 (15,215.6) 78,067.6




268


Interest and Commission - - 23.4 - Interest Income - - - 5,231.3 Collection of Income/Revenue 8,564,867.9 - - - Fees, Commission & Other Income - - - - Cash Received from Customers - 577.5 20,304.6 290,145.6 Cash Received from HO&RO/Accredited Collection 431,812.5 - - - Collection of Receivables 180,235.9 - - - Collection Held in Trust 2,568.3 - - - Other Receipts/Adjustments 3,271.9 - 74.3 - Receipt of subsidy, financial assistance, grants & donations - 449.8 6,585.0 93,000.0 Gain on Foreign Exchange 2,013.9 - - - Unreleased/Cancelled Checks 18,131.3 - - - Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense 220.8 - - - Receipts of Guaranty Deposits 2,481.2 - - - Other Inflows (Encode the details below) 2,089,174.2 - - -


Cash Outflows:Payment of Accounts Payable 936,374.5 - - - Payment of Operating Expenses 1,401,101.8 1,539.2 - - Other Cash Outlay/Adjustments 2,358.6 - - - Remittances to Various Entities 5,101,428.1 - - - Trust Liabilities 223,103.5 - - - Payment of Taxes and Licenses and Other Fees 506,841.2 - - - Loans and Advances to Employees 425.1 - - - Prepayments 20,353.8 - - - Payment of Refund 1,109.8 - - - Payment for Purchase of Inventories/Services 314,298.0 - 27,600.9 - Loss on Foreign Exchange 482.9 - - - Transfer of Funds 315,374.0 - - - Payment of Refund 6,230.5 - - - Prior Year's Expenditures 73,293.6 - - - Remittance to GSIS/Pag-IBIG/Philhealth 16,801.3 - - - Granting of Cash Advance/Petty Cash Fund 3,546.8 - - - Other Outflows (Encode the details below) 2,055,369.1 - - 350,772.3

Total Cash Outflows 10,978,492.7 1,539.2 27,600.9 350,772.3 Cash Provided by (Used in) Operating Activities 316,285.0 (511.9) (613.7) 37,604.6


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment 2,266,641.7 - - - Dividend Received - 0.4 - - Interest Received - 21.7 - - Proceeds from Sale of Fixed Assets - - - 229.0 Adjustment of Fixed Assets 0.7 - - -

Total Cash Inflows 2,266,642.4 22.1 - 229.0

CITEM



Particulars PTA PCPSSD CFI

269

CITEM



Particulars PTA PCPSSD CFI

Cash Outflows:Acquisition of Property, Plant and Equipment 31,772.2 110.6 128.0 - Investment in Retail Treasury Bonds/Marketable Securities/Stocks 2,582,632.0 - - 3,047.8 Construction Cost/Capital expenditures 17,476.3 - - - Purchase of Fixed Assets - - - 614.9

Total Cash Outflows 2,631,880.5 110.6 128.0 3,662.8 Cash Provided by (Used in) Investing Activities (365,238.1) (88.6) (128.0) (3,433.7)


Loans - - 664.3 - Total Cash Inflows - - 664.3 -

Cash Outflows:Other Expenses/Payables 4,380.6 - - -

Total Cash Outflows 4,380.6 - - - Cash fProvided by (Used in) Financing Activities (4,380.6) - 664.3 -

Effects of Exchange Rate Changes on Cash and Cash Equivalents - - - (5,270.2)

Increase (Decrease) in Cash and Cash Equivalents (53,333.7) (600.5) (77.5) 28,900.7

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated) 1,625,066.2 1,384.7 2,505.9 203,955.7

Cash and Cash Equivalents, Ending December 31, 2005 1,571,732.5 784.2 2,428.4 232,856.3


270


Interest Income - 461.3 - - Collection of Income/Revenue - 1,263.0 - 2,677.1 Fees, Commission & Other Income 1,646.5 - - - Cash Received from Customers - - 244,280.8 - Collection of Receivables 1,468.5 1,245.8 - 174.4 Collection Held in Trust 108,670.5 24,638.5 - - Receipt of subsidy, financial assistance, grants & donations 64,800.0 11,700.0 - -


Cash Outflows:Payment of Accounts Payable 7,555.7 - - (758.8) General & Administrative Expenses - - - 128.8 Payment of Operating Expenses 58,609.5 22,823.7 - 7,997.9 Loans and Advances to Employees - - - 183.9 Prepayments and Guaranty deposits 20.0 - - - Loans and Advances to Employees 1,595.1 - - - Other Outflows (Encode the details below) 89,834.4 5,423.6 33,366.8 -

Total Cash Outflows 157,614.7 28,247.3 33,366.8 7,551.8 Cash Provided by (Used in) Operating Activities 18,970.7 11,061.3 210,914.0 (4,700.3)


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - - 1,050.5 - Dividend Received 5.2 - 151.5 - Interest Received 207.2 - 10,190.4 - Proceeds from Investments/Sinking Fund - - 2,223.9 -

Total Cash Inflows 212.4 - 13,616.3 -

Cash Outflows:Acquisition of Property, Plant and Equipment 1,337.6 290.8 1,308.7 - Investment in Retail Treasury Bonds/Marketable Securities/Stocks - - 5,084.4 257.1 Placement of Cash - - - 30,000.0 Loan Releases - - 250,401.8 - Advances to Affiliates - - - 3,708.5

Total Cash Outflows 1,337.6 290.8 256,794.9 33,965.6 Cash Provided by (Used in) Investing Activities (1,125.2) (290.8) (243,178.6) (33,965.6)


Advances from Affiliates - - - 69,194.6 Total Cash Inflows - - - 69,194.6

Cash Outflows:Other Outflows (Encode the details below) - - 4,232.1 -

Total Cash Outflows - - 4,232.1 - Cash Provided by (Used in) Financing Activities - - (4,232.1) 69,194.6

Increase (Decrease) in Cash and Cash Equivalents 17,845.5 10,770.6 (36,496.8) 30,528.7

Add: Cash and Cash Equivalents, Beginning January 1, 2005 as restated 6,340.4 8,478.9 232,659.1 285.9



NABCOR



Particulars PCVC CITC HSDC

271


Cash Receipts from Sale of Goods and Inventories 27,140.7 - - Interest Income 254.0 - - Collection of Income/Revenue - 16,455.8 28,369.8 Fees, Commission & Other Income 1.2 - - Cash Received from Customers - - 4,668.6 Collection of Receivables - 8,290.7 - Collection Held in Trust 3,966.5 427,405.9 - Receipt of subsidy, financial assistance, grants & donations - 240,000.0 7,052.4 Receipt of Refund from Cash Advance and Reinsurance Premium/Other Expenses 32.6 - - Unreleased/Cancelled Checks 86.1 - - Receipt of Project Fund - - 9,795.9 Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense - 1,703.5 - Proceeds on Performance Bond/Other Deposits - 453.8 -


Cash Outflows:Payment of Accounts Payable 279.1 93,664.1 -

` Payment of Interests 2.1 - - Payment of Operating Expenses 6,415.5 180,318.4 - Payment to Officers and Employees - - 24,023.9 Trust Fund 1,498.4 520,118.3 - Payment for Purchase of Inventories/Services 21,386.4 1,685.3 - Loss on Foreign Exchange - 3,697.3 - Refund of Performance/Bidders/Bail Bonds - 380.0 - Payment of Prepaid Expenses - 4,609.7 - Granting of Cash Advance/Petty Cash Fund 43.2 - - Other Outflows (Encode the details below) 107.3 31,800.5 16,178.3



Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - 5,725.6 - Collection from Loans - 17,006.5 - Interest Received - - 395.1

Total Cash Inflows - 22,732.1 395.1

Cash Outflows:Acquisition of Property, Plant and Equipment 230.4 - 976.1 Purchase of Fixed Assets - 16,511.5 - Other Outflows (Encode the details below) - - 6,250.0

Total Cash Outflows 230.4 16,511.5 7,226.1 Cash Provided by (Used in) Investing Activities (230.4) 6,220.7 (6,831.0)

ZNAC PRRI NRDCParticulars



272

ZNAC PRRI NRDCParticulars




Advances from National Government - - 13,000.0 Total Cash Inflows - - 13,000.0

Cash Outflows:Interest Expense 750.0 - -

Total Cash Outflows 750.0 - - Cash Provided by (Used in) Financing Activities (750.0) - 13,000.0

Increase (Decrease) in Cash and Cash Equivalents 768.7 (135,743.2) 15,853.5


Cash and Cash Equivalents, Ending December 31, 2005 10,219.5 355,246.9 45,770.4


273


Cash Receipts from Sale of Goods and Inventories - - 2,225.8 Interest Income - - 171.6 Collection of Income/Revenue - 1,026.7 525.9 Cash Received from Customers 38,923.3 - - Collection of Receivables - 715.9 -


Cash Outflows:Payment of Members and Beneficiaries - 164.7 - Payment of Operating Expenses 34,165.2 3,418.1 - Trust Fund - 29,497.1 - Loans and Advances to Employees - 180.7 - Interest and Reinsurance Payments - - 71.3 Other Outflows (Encode the details below) - - 45,878.3

Total Cash Outflows 34,165.2 33,260.6 45,949.6 Cash Provided by (Used in) Operating Activities 4,758.1 (31,517.9) (43,026.4)


Proceeds from Investments/Sinking Fund - 1,076.6 - Proceeds from Sale of Fixed Assets - 4,007.8 -

Total Cash Inflows - 5,084.4 -

Cash Outflows:Advances to Affiliates - 3,000.0 - Construction Cost/Capital expenditures - - 5,011.4 Research and Exploration and Development Cost - - 4,940.8 Purchase of Fixed Assets 4,398.5 - - Disbursement for Capital Expenditures 2,962.5 - -

Total Cash Outflows 7,361.1 3,000.0 9,952.1 Cash Provided by (Used in) Investing Activities (7,361.1) 2,084.4 (9,952.1)


Proceeds from Long-Term Borrowings 1,193.7 - 25,000.0 Loans - - 2,000.0 Advances from Affiliates - - 289.4 Deposit for Future Subscription - - 25,000.0

Total Cash Inflows 1,193.7 - 52,289.4

Cash Outflows:Other Outflows (Encode the details below) - 286.8 -

Total Cash Outflows - 286.8 - Cash Provided by (Used in) Financing Activities 1,193.7 (286.8) 52,289.4

Increase (Decrease) in Cash and Cash Equivalents (1,409.3) (29,720.3) (689.1)


Cash and Cash Equivalents, Ending December 31, 2005 3,308.5 399.4 2,354.4


PADCC NRMDC



BFIParticulars

274

SOCIAL, CULTURAL AND SCIENTIFIC CLUSTER

Philippine Amusement and Gaming Corporation Philippine Charity Sweepstakes Office Lung Center of the Philippines National Kidney and Transplant Institute Philippine Children's Medical Center Philippine Heart Center Overseas Workers Welfare Administration Philippine Retirement Authority People's Television Network, Inc. Cultural Center of the Philippines Nayong Pilipino Foundation, Inc. Technology and Livelihood Research Center Development Academy of the Philippines Occupational Safety and Health Center Philippine Center for Economic Development Philippine Institute for Traditional and Alternative Health Care Philippine Institute For Development Studies

TOTAL PAGCOR PCSO LCP


Cash - Collecting Officers 96,685.1 9,974.5 5,397.8 811.1 Cash - Disbursing Officers 137,815.0 31,811.1 35,228.1 93.0 Petty Cash Fund 9,475.4 8,789.5 - 106.1 Other Cash Account 446,945.1 446,945.1 - -

Cash in Bank 6,283,063.6 2,456,280.8 1,351,012.1 66,073.5 Cash in Bank - Local Currency, Current Account 1,445,279.3 14,050.3 1,237,313.7 12,223.1 Cash in Bank - Local Currency, Savings Account 1,770,801.5 591,838.4 113,698.4 29.4 Cash in Bank - Local Currency, Time Deposits 2,273,867.4 1,400,500.0 - 53,821.0 Cash in Bank - Foreign Currency, Current Account 192,207.7 179,235.0 - - Cash in Bank - Foreign Currency, Savings Account 346,569.3 234,549.1 - - Cash in Bank - Foreign Currency, Time Deposits 254,338.4 36,108.0 - -

Receivables - net 3,360,311.8 863,702.2 380,530.5 295,465.2 Accounts Receivable 2,225,930.2 561,772.2 415,369.6 39,629.7 Notes Receivable 162,816.5 - - 28,565.7 Due from Officers and Employees 67,643.8 23,711.4 - 3,585.1 Loans Receivables - Others 197,521.3 - - - Interest Receivable 190,493.6 5,928.6 - - Due from NGAs 666,084.2 363,317.3 - 233,765.1 Due from GOCCs 432,429.2 2,449.7 - 7,842.4 Due from LGUs 16,219.5 - - - Due from NGOs/POs 3,079.7 - - - Due from Other Funds (4,885.9) - - - Receivables - Disallowances/Charges 100,284.5 - - 24,027.3 Other Receivables 461,754.1 184,227.4 46,916.1 4,993.0 Allowance for Doubtful Accounts (1,159,059.1) (277,704.4) (81,755.2) (46,943.2)

Inventories - net 712,072.9 174,765.9 89,688.2 33,390.8 Raw Materials Inventory 1,899.8 1,649.6 - - Work-in-Process Inventory 1,202.6 1,144.3 - - Finished Goods Inventory 1,814.5 187.4 - - Merchandise Inventory 31,121.8 26,297.8 - 765.6 Office Supplies Inventory 62,365.4 16,834.5 13,768.5 (80.0) Accountable Forms Inventory 1,136.3 677.8 - 88.0 Food Supplies Inventory 17,418.3 9,620.5 - 2,494.9 Drugs and Medicines Inventory 178,296.8 2,765.9 - 12,034.3 Medical, Dental and Laboratory Supplies Inventory 203,065.6 868.4 23,404.5 1,630.8 Military and Police Supplies Inventory 26.8 26.8 - - Other Supplies Inventory 196,210.8 81,455.6 52,515.2 16,457.2 Spare Parts Inventory 30,757.9 30,359.7 - - Construction Materials Inventory 3,256.7 2,877.6 - - Allowance for Obsolescence (16,500.3) - - -

Prepayments and Deferred Charges 252,644.4 209,162.1 - 65.6 Prepaid Rent 162,615.1 162,032.3 - - Prepaid Insurance 17,986.8 15,922.5 - - Deposit on Letters of Credit 797.7 - - - Advances to Contractors 1,288.6 - - - Deferred Charges 42,195.6 27,107.7 - 12.6 Other Prepaid Expenses 27,760.7 4,099.5 - 53.0

Social, Cultural and Scientific ClusterDetailed Balance Sheet


ACCOUNT TITLE

ASSETS

275




ACCOUNT TITLE

Other Current Assets 33,234.1 60.6 - 70.0 Guaranty Deposits 5,939.2 60.6 - 70.0 Other Current Assets 27,294.9 - - -

Investments - net 9,548,901.3 42,454.8 713,804.2 7.8 Investment in Treasury Bills 128,489.7 - - - Investment in Stocks 122,424.0 40,670.9 405.5 7.8

Investments in Bonds 1,959,015.5 - 704,199.5 - Other Investments and Marketable Securities 6,633,326.9 1,783.9 9,199.3 - Receivables-Long Term Loans 1,302,096.3 - - - Allowance for Decline in Value of Investments (9,258.8) - - - Allowance for Doubtful Accounts-Long Term Receivables (587,192.5) - - -

Property, Plant and Equipment - net 17,205,617.4 598,168.3 1,326,425.7 4,179,893.2 Land and Land Improvements 11,979,172.9 65,943.3 902,542.2 2,881,202.5

Land 11,831,889.5 65,943.3 902,542.2 2,880,000.0 Land Improvements 141,793.1 - - 1,202.5 Electrification, Power and Energy Structures 5,490.4 - - -

Building 4,187,505.4 85,506.5 254,760.5 977,789.5 Office Buildings 3,242,748.7 80,470.3 206,404.0 977,789.5 Hospitals and Health Centers 791,531.4 - - - Other Structures 153,225.3 5,036.2 48,356.5 -

Leasehold Improvements 6,823.3 1,948.1 991.7 - Leasehold Improvements, Buildings 2,371.6 1,652.2 - - Other Leasehold Improvements 4,451.6 295.9 991.7 -

Office Equipment, Furniture and Fixtures 934,438.8 127,800.8 141,247.8 101,276.6 Office Equipment 462,045.2 55,738.7 - 87,226.0 Furniture and Fixtures 126,084.7 19,726.7 - 1,576.2 IT Equipment and Software 195,724.4 52,335.4 - 11,907.5 Library Books 9,336.8 - - 566.9 Other Equipment, Furniture and Fixtures 141,247.8 - 141,247.8 -

Machinery and Equipment 2,976,987.2 225,680.4 16,186.4 303,783.7 Machinery 33,759.9 - - - Communication Equipment 564,187.5 5,364.9 - 4,488.6 Firefighting Equipment and Accessories 3,182.1 2.8 - - Hospital Equipment 1,071,926.1 - - 10,939.2 Medical, Dental and Laboratory Equipment 493,714.7 1,579.5 - - Military and Police Equipment 1,646.8 1,646.8 - - Sports Equipment 256.3 238.8 - - Technical and Scientific Equipment 536,984.2 - - 288,355.9 Other Machinery and Equipment 271,329.6 216,847.6 16,186.4 -

Transportation Equipment 305,163.4 40,996.4 79,092.0 2,618.1 Motor Vehicles 305,158.4 40,991.3 79,092.0 2,618.1 Other Transportation Equipment 5.0 5.0 - -

Other Property, Plant and Equipment 416,600.3 15,457.7 41,958.3 13,036.7 Other Property, Plant and Equipment 416,600.3 15,457.7 41,958.3 13,036.7


276




ACCOUNT TITLE

Construction in Progress 91,160.2 65,449.9 - - Construction in Progress - Agency Assets 91,160.2 65,449.9 - -

Other Assets 1,593,594.6 682,385.3 217,112.0 724.5 Arts, Archeological Specimens and Other Exhibits 3,052.2 - - 140.8 Items in Transit 10,159.9 - - 583.7 Restricted Funds/Assets 740.1 - - - Other Assets 1,579,642.4 682,385.3 217,112.0 -

39,680,360.7 5,524,500.2 4,119,198.6 4,576,700.8

Current Liabilities 9,140,393.0 2,950,774.8 3,287,358.1 356,245.1 Accounts Payable 2,278,644.2 665,652.8 31,998.5 280,493.9 Interest Payable 129,237.2 2,010.5 - - Due to Officers and Employees 166,043.8 136,953.7 - 4,327.9 Due to National Treasury 792,430.6 755,726.2 - 35,947.6 Due to BIR 765,421.4 427,484.3 189,302.9 7,988.8 Due to GSIS 64,535.7 - 3,301.5 5,753.8 Due to PAG-IBIG 6,980.4 4,597.6 - 862.6 Due to PHILHEALTH 5,702.2 3,298.7 963.1 89.0 Due to Other NGAs 932,013.7 474,628.2 377,435.3 1,145.9 Due to Other GOCCs 66,865.1 22,639.7 (6.1) 246.7 Due to LGUs 12,503.8 2,430.0 - - Due to Other Funds 2,802,092.1 168,388.0 2,595,512.9 - Guaranty Deposits Payable 177,540.0 103,097.8 - 79.5 Performance/Bidders/Bail Bonds Payable 17,482.7 - - 1,785.2 Tax Refunds Payable 663.0 - - - Other Payables 922,236.8 183,867.4 88,850.0 17,524.2

Long-Term Liabilities 2,162,836.0 988,337.2 - 16,166.0 Loans Payable - Domestic 699,816.1 699,816.1 - - Loans Payable – Foreign 1,137,240.0 - - - Other Long-Term Liabilities 325,779.9 288,521.1 - 16,166.0

11,303,228.9 3,939,112.0 3,287,358.1 372,411.1

Deferred Credits 126,528.7 13,273.0 17,119.3 338.9 Other Deferred Credits 126,528.7 13,273.0 17,119.3 338.9

EQUITY Government Equity 3,336,483.6 - - - Capital Stock 702,850.2 71,430.8 - - Restricted Capital/Equity 1,159,360.1 437,612.9 600,441.5 - Appraisal Capital 8,041,600.0 85,506.5 887,479.7 - Donated Capital 3,282,833.9 - - 2,894,593.1 Retained Earnings 11,727,475.4 977,565.2 (673,200.0) 1,309,357.8

28,250,603.1 1,572,115.3 814,721.2 4,203,950.9

39,680,360.7 5,524,500.2 4,119,198.6 4,576,700.8



Liabilities and Equity

TOTAL ASSETS

TOTAL LIABILITIES

TOTAL EQUITY

277

NKTI PCMC PHC OWWA

Current Assets 580,863.9 350,438.8 496,761.3 1,292,544.4 Cash on Hand 6,006.8 2,992.0 7,294.3 86,034.7

Cash - Collecting Officers 5,686.0 1,799.7 6,904.6 18,674.3 Cash - Disbursing Officers 216.9 1,192.2 389.5 67,327.0 Petty Cash Fund 103.9 - 0.2 33.4

Cash in Bank 301,310.6 302,909.9 76,505.4 823,978.2 Cash in Bank - Local Currency, Current Account 26,846.7 40,051.3 3,391.9 (127,397.3) Cash in Bank - Local Currency, Savings Account 1,134.5 - 7,679.9 835,978.3 Cash in Bank - Local Currency, Time Deposits 224,400.9 262,748.6 56,426.0 - Cash in Bank - Foreign Currency, Savings Account - 110.0 5,202.5 90,075.7 Cash in Bank - Foreign Currency, Time Deposits 48,928.5 - 3,805.1 25,321.5

Receivables - net 145,697.1 13,375.4 190,429.6 376,369.8 Accounts Receivable 192,567.6 17,338.8 129,752.3 61,174.9 Notes Receivable - 3.4 75,100.4 - Due from Officers and Employees 9,585.4 0.8 13,857.1 720.5 Loans Receivables - Others - - - 197,521.3 Interest Receivable - 2,932.2 406.5 150,308.2 Due from NGAs 2,999.2 313.0 10,729.0 47,881.7 Due from GOCCs 6,821.9 2,552.8 33,109.6 104,733.2 Due from LGUs 31.7 - - - Receivables - Disallowances/Charges - 393.5 266.9 401.5 Dividend Receivable - - - - Other Receivables 10,517.1 1,487.3 1,533.3 92,946.8 Allowance for Doubtful Accounts (76,825.9) (11,646.4) (74,325.4) (279,318.4)

Inventories - net 127,849.5 28,975.4 221,135.0 3,737.7 Merchandise Inventory - - 75.4 - Office Supplies Inventory 5,759.4 - 1,050.7 19,236.3 Accountable Forms Inventory - - - 270.0 Food Supplies Inventory 2,559.8 - 2,343.9 - Drugs and Medicines Inventory 48,322.8 25,687.5 89,417.9 19.5 Medical, Dental and Laboratory Supplies Inventory 54,889.7 - 119,761.6 - Other Supplies Inventory 16,317.8 3,287.9 8,485.5 472.0 Spare Parts Inventory - - - 189.4 Construction Materials Inventory - - - 50.9 Allowance for Obsolescence - - - (16,500.3)

Prepayments and Deferred Charges - 726.7 1,348.2 798.7 Prepaid Rent - - - 461.0 Prepaid Insurance - 0.4 - 196.1 Deposit on Letters of Credit - 23.3 766.3 - Advances to Contractors - - - 39.8 Deferred Charges - 667.7 573.1 0.4 Other Prepaid Expenses - 35.3 8.8 101.4

Other Current Assets - 1,459.4 48.6 1,625.2 Guaranty Deposits - - 47.9 1,625.2 Other Current Assets - 1,459.4 0.8 -

ACCOUNT TITLE

ASSETS



278

NKTI PCMC PHC OWWAACCOUNT TITLE



Investments - net 140.5 - 12,945.8 7,094,958.6 Investment in Treasury Bills - - - 30,847.6 Investment in Stocks 140.5 - 107.5 -

Investments in Bonds - - 185.3 750,496.9 Other Investments and Marketable Securities - - 12,652.9 6,313,614.2

Property, Plant and Equipment - net 773,429.7 144,000.8 497,836.8 290,494.5 Land and Land Improvements 9,061.3 1,270.9 12,665.2 92,516.0

Land - - 1,270.6 92,516.0 Land Improvements 9,061.3 1,270.9 11,394.6 -

Building 695,209.7 96,321.7 263,614.1 168,135.4 Office Buildings - - 263,614.1 168,081.3 Hospitals and Health Centers 695,209.7 96,321.7 - - Other Structures - - - 54.2

Leasehold Improvements - - - 193.2 Other Leasehold Improvements - - - 193.2

Office Equipment, Furniture and Fixtures 71,390.7 62,521.9 65,674.4 162,107.6 Office Equipment 12,211.7 58,171.8 59,209.6 125,690.1 Furniture and Fixtures 32,517.8 - 6,022.2 7,110.8 IT Equipment and Software 24,876.4 4,264.4 - 29,010.2 Library Books 1,784.9 85.7 442.7 296.4

Machinery and Equipment 528,760.7 204,491.7 848,623.9 67.0 Communication Equipment 5,323.2 1,308.6 - 20.2 Hospital Equipment 9,179.8 203,183.1 848,623.9 - Medical, Dental and Laboratory Equipment 489,360.5 - - 27.0 Other Machinery and Equipment 24,897.2 - - 19.8


Other Property, Plant and Equipment - - 9,325.8 2,815.5 Other Property, Plant and Equipment - - 9,325.8 2,815.5


Construction in Progress 13,145.7 - - - Construction in Progress - Agency Assets 13,145.7 - - -

Other Assets 13,764.7 2,732.1 2,959.1 - Items in Transit - 2,699.6 2,076.8 - Restricted Funds/Assets - - 740.1 - Other Assets 13,764.7 32.5 142.1 -

1,368,198.8 497,171.8 1,010,502.9 8,677,997.6 TOTAL ASSETS

279

NKTI PCMC PHC OWWAACCOUNT TITLE



Current Liabilities 382,367.0 133,370.2 401,130.6 82,883.3 Accounts Payable 196,456.5 42,454.3 210,059.5 72,790.2 Due to Officers and Employees - 8,213.7 819.4 233.0 Due to BIR 878.6 3,890.3 10,855.7 910.8 Due to GSIS 2,583.1 1,480.5 4,885.4 2,389.2 Due to PAG-IBIG - 277.2 639.7 23.4 Due to PHILHEALTH - 113.9 340.2 79.6 Due to Other NGAs - - 71,398.2 114.1 Due to Other GOCCs - - 332.0 42.1 Due to LGUs - - 10,073.8 - Due to Other Funds - 45,366.2 - 1,193.2 Guaranty Deposits Payable 36,266.2 7,346.3 26,132.8 41.3 Performance/Bidders/Bail Bonds Payable 4,741.8 5,026.3 - 1,499.4 Tax Refunds Payable - - - 0.0 Other Payables 141,440.8 19,201.5 65,593.9 3,567.1

382,367.0 133,370.2 401,130.6 82,883.3

Deferred Credits 920.8 3,287.9 707.3 4,283.3 Other Deferred Credits 920.8 3,287.9 707.3 4,283.3

EQUITY Government Equity - 55,336.1 473,866.9 - Restricted Capital/Equity 108,938.1 11,485.5 882.2 - Appraisal Capital - - - 23,911.2 Donated Capital 113,321.1 - - - Retained Earnings 762,652.0 293,692.1 133,915.8 8,566,919.8

984,911.1 360,513.6 608,665.0 8,590,831.0

1,368,198.8 497,171.8 1,010,502.9 8,677,997.6




TOTAL LIABILITIES

TOTAL EQUITY

280

PRA PTNI CCP NPFI

Current Assets 158,608.0 633,188.5 126,470.5 555,643.4 Cash on Hand 593.5 464.9 368.7 135.8

Cash - Collecting Officers 592.9 187.9 230.7 29.1 Cash - Disbursing Officers - - 111.0 81.8 Petty Cash Fund 0.6 277.0 27.0 25.0

Cash in Bank 118,315.3 941.8 58,240.3 277,449.3 Cash in Bank - Local Currency, Current Account 380.7 4,916.8 36,848.1 2,968.2 Cash in Bank - Local Currency, Savings Account 44.8 (8,005.0) - - Cash in Bank - Local Currency, Time Deposits - - - 274,305.2 Cash in Bank - Foreign Currency, Current Account 12,557.9 - - - Cash in Bank - Foreign Currency, Savings Account 5,223.0 4,030.0 768.4 176.0 Cash in Bank - Foreign Currency, Time Deposits 100,108.9 - 20,623.7 -

Receivables - net 36,419.5 606,761.7 50,990.2 276,841.4 Accounts Receivable 44,579.2 566,707.8 3,285.2 53,527.3 Notes Receivable - - 59,147.0 - Due from Officers and Employees 1,749.4 10,554.3 1,171.9 103.9 Interest Receivable 4,468.8 - 424.0 2,404.4 Due from NGAs - - 841.7 - Due from GOCCs - - 111.4 273,058.6 Due from LGUs - - 16,187.8 - Receivables - Disallowances/Charges 281.4 68,579.7 3,235.2 - Other Receivables 1,214.0 55,999.1 51,599.8 909.2 Allowance for Doubtful Accounts (15,873.5) (95,079.1) (85,013.9) (53,162.0)

Inventories - net 1,107.5 - 16,011.2 1,010.6 Merchandise Inventory - - 1,620.1 - Office Supplies Inventory 1,107.5 - 865.7 - Other Supplies Inventory - - 13,525.4 473.6 Spare Parts Inventory - - - 208.8 Construction Materials Inventory - - - 328.2

Prepayments and Deferred Charges 1,451.9 - 626.8 206.2 Prepaid Rent - - 4.2 - Prepaid Insurance - - 261.3 206.2 Deposit on Letters of Credit - - 8.1 - Deferred Charges 1,323.5 - 272.3 - Other Prepaid Expenses 128.4 - 80.8 -

Other Current Assets 720.4 25,020.0 233.4 - Guaranty Deposits 720.4 - 233.4 - Other Current Assets - 25,020.0 - -

Investments - net 152,149.5 - 35,615.1 52.5 Investment in Treasury Bills - - 31,803.5 - Investment in Stocks 1,502.0 - 3,518.6 52.5

Investments in Bonds 150,647.5 - - - Other Investments and Marketable Securities - - 293.0 -

Property, Plant and Equipment - net 45,429.6 532,563.7 1,237,276.1 7,089,588.1 Land and Land Improvements - 1,465.0 896,165.1 7,096,566.5

Land - 1,465.0 796,386.6 7,082,268.0 Land Improvements - - 99,778.6 8,808.1 Electrification, Power and Energy Structures - - - 5,490.4

Building 55,803.6 172,087.9 722,692.8 63,532.2 Office Buildings 55,803.6 172,087.9 675,172.5 11,403.0 Other Structures - - 47,520.3 52,129.2



ACCOUNT TITLE

ASSETS

281

PRA PTNI CCP NPFI



ACCOUNT TITLE

Office Equipment, Furniture and Fixtures 12,416.6 27,492.9 51,455.8 4,268.0 Office Equipment 1,477.6 8,035.9 - 1,898.5 Furniture and Fixtures 4,029.1 4,181.7 34,661.7 282.0 IT Equipment and Software 6,909.9 15,275.3 15,447.9 1,580.2 Library Books - - 1,346.3 507.3

Machinery and Equipment 1,262.0 536,257.6 85,890.3 1,144.0 Machinery - - - 1,144.0 Communication Equipment 861.6 535,431.3 6,358.4 - Firefighting Equipment and Accessories - - 3,177.3 - Technical and Scientific Equipment - - 76,354.6 - Other Machinery and Equipment 400.4 826.3 - -


Other Property, Plant and Equipment 324.9 237,249.5 96,370.2 - Other Property, Plant and Equipment 324.9 237,249.5 96,370.2 -


Construction in Progress 286.2 - 12,278.4 - Construction in Progress - Agency Assets 286.2 - 12,278.4 -

Other Assets 195.5 - 47,781.7 6,153.5 Arts, Archeological Specimens and Other Exhibits - - - 2,911.4 Items in Transit 195.5 - 5.6 - Other Assets - - 47,776.1 3,242.1

356,382.5 1,165,752.2 1,447,143.4 7,651,437.5

Current Liabilities 16,421.6 490,268.2 105,824.8 2,474.0 Accounts Payable 4,502.9 323,221.8 43,966.1 1,731.7 Due to Officers and Employees 207.3 - 5,943.3 - Due to BIR 11,163.8 61,826.7 361.6 162.4 Due to GSIS (42.1) 45,709.3 1,433.8 - Due to PAG-IBIG - (34.2) 171.4 4.6 Due to PHILHEALTH - 512.9 97.4 2.2 Due to Other NGAs 71.9 - - - Due to Other GOCCs - - - 40.4 Guaranty Deposits Payable - - - 525.3 Performance/Bidders/Bail Bonds Payable - - 1,640.7 - Other Payables 517.9 59,031.8 52,210.4 7.3

16,421.6 490,268.2 105,824.8 2,474.0

Deferred Credits 10,091.4 57,398.5 3,422.6 419.0 Other Deferred Credits 10,091.4 57,398.5 3,422.6 419.0

EQUITY 329,869.6 618,085.5 1,337,896.0 7,648,544.5 Government Equity - 394,918.4 1,539,882.5 133,423.1 Capital Stock 63,217.1 541,425.0 - - Appraisal Capital - - - 7,044,702.6 Retained Earnings 266,652.5 (318,257.9) (201,986.5) 470,418.8

329,869.6 618,085.5 1,337,896.0 7,648,544.5

356,382.5 1,165,752.2 1,447,143.4 7,651,437.5




TOTAL ASSETS

TOTAL EQUITY

TOTAL LIABILITIES

282

TLRC DAP OSHC

Current Assets 233,167.2 143,011.6 133,474.1 Cash on Hand 44,372.1 2,981.8 -

Cash - Collecting Officers 43,130.1 2,811.6 - Cash - Disbursing Officers 1,157.5 170.2 - Petty Cash Fund 84.4 - -

Cash in Bank 129,090.4 72,233.3 124,675.5 Cash in Bank - Local Currency, Current Account 12,542.4 30,159.6 124,675.5 Cash in Bank - Local Currency, Savings Account 116,548.1 24,634.0 - Cash in Bank - Local Currency, Time Deposits - 1,665.7 - Cash in Bank - Foreign Currency, Current Account - 414.8 - Cash in Bank - Foreign Currency, Savings Account - 1,705.9 - Cash in Bank - Foreign Currency, Time Deposits - 13,653.3 -

Receivables - net 24,756.0 58,904.3 5,381.1 Accounts Receivable 24,087.9 95,002.2 3,022.5 Due from Officers and Employees 368.1 1,218.0 199.6 Interest Receivable 12,590.4 - 184.8 Due from NGAs 2,271.2 - 313.4 Due from GOCCs 1,450.4 - - Due from Other Funds (4,885.9) - - Receivables - Disallowances/Charges - - 2,943.6 Other Receivables 5,415.6 2,969.6 - Allowance for Doubtful Accounts (16,541.9) (40,285.5) (1,282.8)

Inventories - net 339.8 3,417.2 2,702.6 Office Supplies Inventory - 2,555.4 530.7 Accountable Forms Inventory - - 41.0 Food Supplies Inventory - 399.2 - Drugs and Medicines Inventory - - 49.0 Medical, Dental and Laboratory Supplies Inventory - - 555.9 Other Supplies Inventory 339.8 462.6 1,526.1

Prepayments and Deferred Charges 30,771.4 5,453.6 714.9 Prepaid Rent - 107.0 - Prepaid Insurance - 646.1 714.9 Advances to Contractors - 1,248.7 - Deferred Charges 9,731.6 2,506.6 - Other Prepaid Expenses 21,039.8 945.2 -

Other Current Assets 3,837.5 21.4 - Guaranty Deposits 3,025.8 21.4 - Other Current Assets 811.7 - -

Investments - net 978,130.9 99,218.1 - Investment in Stocks 7,183.5 68,736.8 -

Other Investments and Marketable Securities 258,418.0 37,365.6 - Receivables-Long Term Loans 1,302,096.3 - - Allowance for Decline in Value of Investments (2,374.5) (6,884.3) - Allowance for Doubtful Accounts-Long Term Receivables (587,192.5) - -

ACCOUNT TITLE

ASSETS



283

TLRC DAP OSHCACCOUNT TITLE



Property, Plant and Equipment - net 306,439.4 37,571.8 74,081.8 Land and Land Improvements 10,052.0 4,941.4 -

Land - 4,941.4 - Land Improvements 10,052.0 - -

Building 379,731.2 53,809.8 159,971.7 Office Buildings 379,731.2 53,809.8 159,842.7 Other Structures - - 129.0

Leasehold Improvements 86.6 - - Other Leasehold Improvements 86.6 - -

Office Equipment, Furniture and Fixtures 8,363.5 29,566.0 31,393.4 Office Equipment 7,646.5 8,783.5 29,829.3 Furniture and Fixtures - 9,002.8 - IT Equipment and Software - 10,504.4 447.4 Library Books 716.9 1,275.3 1,116.7

Machinery and Equipment 85,770.4 6,262.9 89,797.2 Communication Equipment - 3,843.1 - Medical, Dental and Laboratory Equipment - 175.4 - Technical and Scientific Equipment 80,315.7 - 89,797.2 Other Machinery and Equipment 5,454.6 2,244.4 -

Transportation Equipment 46,850.9 8,776.3 14,262.5 Motor Vehicles 46,850.9 8,776.3 14,262.5

Other Property, Plant and Equipment 61.6 - - Other Property, Plant and Equipment 61.6 - -


Other Assets 614,448.5 - 4,907.8 Items in Transit - - 4,598.7 Other Assets 614,448.5 - 309.2

2,132,186.1 279,801.5 212,463.8

Current Liabilities 752,841.5 148,101.2 10,395.8 Accounts Payable 340,393.3 55,310.4 3,446.4 Interest Payable 127,226.8 - - Due to Officers and Employees 3,032.7 851.5 4,884.7 Due to National Treasury 756.9 - - Due to BIR 20,369.9 29,344.0 116.6 Due to GSIS (4,713.1) 1,220.6 12.1 Due to PAG-IBIG 250.5 137.3 6.6 Due to PHILHEALTH 90.5 94.6 4.3 Due to Other NGAs - 13.7 - Due to Other GOCCs 1,066.2 40,894.5 - Due to Other Funds (8,873.6) - 505.4 Guaranty Deposits Payable - 3,842.0 - Performance/Bidders/Bail Bonds Payable - 2,157.0 90.0 Tax Refunds Payable 663.0 - - Other Payables 272,578.4 14,235.6 1,329.7


TOTAL ASSETS

284




Long-Term Liabilities 1,137,240.0 21,092.7 - Loans Payable – Foreign 1,137,240.0 - - Other Long-Term Liabilities - 21,092.7 -

1,890,081.5 169,193.9 10,395.8


EQUITY Government Equity 309,630.0 107,500.0 - Capital Stock - 26,777.3 - Donated Capital 11,106.0 - 248,923.5 Retained Earnings (89,317.4) (28,180.3) (46,855.6)

231,418.7 106,097.0 202,067.9

2,132,186.1 279,801.5 212,463.8



TOTAL LIABILITIES

TOTAL EQUITY

285

PCED PIDS PITAHC

Current Assets 4,441.5 28,000.3 136,210.1 Cash on Hand 10.5 62.9 446.4

Cash - Collecting Officers - 62.9 391.9 Cash - Disbursing Officers 0.5 - 36.3 Petty Cash Fund 10.0 - 18.2

Cash in Bank 1,359.6 16,550.7 106,137.0 Cash in Bank - Local Currency, Current Account 1,359.6 6,032.6 18,916.1 Cash in Bank - Local Currency, Savings Account - - 87,220.8 Cash in Bank - Foreign Currency, Savings Account - 4,728.6 - Cash in Bank - Foreign Currency, Time Deposits - 5,789.5 -

Receivables - net 2,847.3 9,418.5 22,422.0 Accounts Receivable 188.7 - 17,924.1 Due from Officers and Employees - 83.7 734.6 Interest Receivable 2,603.8 8,242.0 - Due from NGAs - 3,531.6 121.0 Due from GOCCs - 22.6 276.6 Due from NGOs/POs - - 3,079.7 Receivables - Disallowances/Charges - - 155.4 Other Receivables 67.6 499.7 458.4 Allowance for Doubtful Accounts (12.7) (2,961.1) (327.8)

Inventories - net 224.0 731.2 6,986.2 Raw Materials Inventory - - 250.2 Work-in-Process Inventory - - 58.3 Finished Goods Inventory - - 1,627.0 Merchandise Inventory - - 2,362.9 Office Supplies Inventory 221.7 75.0 440.0 Accountable Forms Inventory 2.3 - 57.2 Medical, Dental and Laboratory Supplies Inventory - - 1,954.6 Other Supplies Inventory - 656.2 235.9

Prepayments and Deferred Charges - 1,234.5 83.7 Prepaid Rent - - 10.6 Prepaid Insurance - - 39.2 Other Prepaid Expenses - 1,234.5 33.9

Other Current Assets - 2.6 134.9 Guaranty Deposits - 2.6 131.9 Other Current Assets - - 3.0

Investments - net 81,494.6 337,928.9 - Investment in Treasury Bills 8,556.2 57,282.4 - Investment in Stocks 63.5 35.0 -

Investments in Bonds 72,874.8 280,611.5 -

Property, Plant and Equipment - net 5,233.6 15,848.7 51,335.6 Land and Land Improvements 225.2 - 4,556.4

Land - - 4,556.4 Land Improvements 225.2 - -

Building 19,200.4 - 19,338.5 Office Buildings 19,200.4 - 19,338.5



ACCOUNT TITLE

ASSETS

286

PCED PIDS PITAHC



ACCOUNT TITLE

Leasehold Improvements - 2,884.3 719.4 Leasehold Improvements, Buildings - - 719.4 Other Leasehold Improvements - 2,884.3 -

Office Equipment, Furniture and Fixtures 2,229.8 23,507.1 11,725.9 Office Equipment 972.4 2,029.3 3,124.2 Furniture and Fixtures 574.3 1,585.5 4,813.9 IT Equipment and Software 683.1 19,288.5 3,193.8 Library Books - 603.8 593.9

Machinery and Equipment 640.4 3,549.8 38,818.8 Machinery - - 32,615.8 Communication Equipment 640.4 102.6 444.5 Firefighting Equipment and Accessories - 2.0 - Medical, Dental and Laboratory Equipment - - 2,572.3 Sports Equipment - 17.6 - Technical and Scientific Equipment - - 2,160.8 Other Machinery and Equipment - 3,427.6 1,025.4

Transportation Equipment 1,190.5 3,975.1 3,541.9 Motor Vehicles 1,190.5 3,975.1 3,541.9


Other Assets 384.8 - 45.0 Other Assets 384.8 - 45.0

91,554.4 381,777.9 187,590.7

Current Liabilities 71.0 13,861.6 6,004.3 Accounts Payable 10.5 4,114.5 2,040.9 Due to Officers and Employees - 217.4 359.2 Due to BIR 41.4 381.0 342.7 Due to GSIS 13.3 2.6 505.7 Due to PAG-IBIG 5.3 0.1 38.5 Due to PHILHEALTH 0.5 0.4 15.0 Due to Other NGAs - 4,712.8 2,493.5 Due to Other GOCCs - 1,565.3 44.3 Guaranty Deposits Payable - 183.6 25.3 Performance/Bidders/Bail Bonds Payable - 507.3 34.9 Other Payables - 2,176.5 104.3

71.0 13,861.6 6,004.3

Deferred Credits 67.2 3.1 - Other Deferred Credits 67.2 3.1 -

EQUITY Government Equity 15,677.9 243,168.3 63,080.4 Donated Capital 14,890.1 - - Retained Earnings 60,848.2 124,744.9 118,506.0

91,416.2 367,913.2 181,586.4

91,554.4 381,777.9 187,590.7




TOTAL ASSETS

TOTAL EQUITY

TOTAL LIABILITIES

287

Income 31,353,343.6 23,403,383.2 2,394,449.3 Permits and Licenses 9,408.0 - 5,188.8

Franchising and Licensing Fees 5,188.8 - 5,188.8 Registration Fees 4,219.1 - -

Service Income 199,999.3 - 6,046.8 Affiliation and Membership Fees 3,393.4 - - Inspection Fees 27,995.8 - - Library Fees 64.1 - - Medical, Dental and Laboratory Fees 1,961.5 - - Passport and Visa Fees 59,299.1 - - Processing Fees 4,727.4 - 3,917.3 Training and Seminar Fees 12,538.8 - - Toll and Terminal Fees 2,890.3 - - Other Service Income 87,128.7 - 2,129.5

Business Income 27,671,065.2 22,460,950.3 1,837,832.4 Hospital Fees 2,838,572.2 - - Rent Income 635,784.2 511,763.3 727.8 Sales Revenue 213,116.5 - - Income from Canteen/Restaurant Operation 40,245.8 - - Income from Dormitory/Guest Houses/Cottages Operations 18,392.9 - - Landing and Parking Fees 12,005.1 - - Printing/Publication Income 1,574.2 - - Tuition Fees 2.6 - - Other Business Income 23,906,824.2 21,949,187.0 1,837,104.6 Fines and Penalties - Business Income 4,547.5 - -

Other Income 3,457,921.9 942,432.9 545,381.2 Dividend Income 243.3 125.5 - Insurance Income 1,314,915.8 - - Interest Income 840,568.6 116,011.7 126,514.1 Income from Grants and Donations 8,548.2 - - Miscellaneous Income 1,289,255.1 826,295.8 418,867.2 Other Fines and Penalties 4,390.9 - -

Gain/Premiums 14,949.3 - - Gain/Loss on Foreign Exchange (FOREX) 2,298.8 - - Gain/Loss on Sale of Disposed Assets 12,650.6 - -

Less: Share of National Government 11,965,634.1 11,953,634.1 - Income after Share of National Government 19,387,709.5 11,449,749.0 2,394,449.3

Expenses 18,120,861.3 10,580,567.3 1,828,184.9 Personal Services 7,549,162.7 5,224,530.1 564,573.0

Salaries and Wages 2,219,231.6 1,149,885.4 176,367.2 Other Compensation 2,363,926.0 1,397,705.0 301,001.9 Personnel Benefit Contributions 279,530.4 134,661.8 27,760.3 Other Personnel Benefits 2,686,474.8 2,542,277.9 59,443.6

Maintenance and Other Operating Expenses 10,407,808.3 5,300,303.3 1,263,612.0 Sales Discounts 105.5 - - Cost of Good Sold 13,114.6 - - Travelling Expenses 57,357.3 25,366.9 6,314.7 Training and Scholarship Expenses 21,350.6 10,952.4 1,146.6

Social, Cultural and Scientific ClusterDetailed Statement of Income and Expenses


TOTAL PAGCOR PCSOACCOUNT TITLE

288



TOTAL PAGCOR PCSOACCOUNT TITLE

Supplies Expenses 1,547,038.8 245,147.7 18,981.1 Utility Expenses 725,436.3 389,341.9 30,699.0 Communication Expenses 84,003.3 35,387.4 9,661.1 Membership Dues and Contributions to Organizations 2,098.1 1,306.3 - Advertising Expenses 710,695.0 101,324.4 589,189.0 Printing and Binding Expenses 212,179.7 464.2 202,287.4 Rent Expenses 1,331,690.0 1,228,050.5 10,983.6 Representation Expenses 146,489.6 141,055.7 - Transportation and Delivery Expenses 5,904.7 3,270.9 1,989.7 Subscription Expenses 6,320.2 3,038.4 - Survey Expenses 108.1 - - Rewards and Other Claims 1,971.3 - - Professional Services 508,651.7 182,908.0 16,629.7 Repairs and Maintenance 194,353.9 100,425.4 8,747.5 Subsidies and Donations 90,306.4 57,563.3 19,622.8 Confidential, Intelligence, Extraordinary and Miscelllaneous 1,773,612.3 1,654,817.1 86,851.5 Taxes, Insurance, Premiums and Other Fees 1,161,476.0 1,059,359.5 61,136.7 Bad Debts Expenses 180,404.3 1,591.3 - Depreciation 366,204.2 28,510.2 12,367.8 Depletion and Obsolescence 2,596.3 2,596.3 - Discounts 145,192.2 - - Tax Exemption and Refunds 1.6 - - Other Maintenance and Operating Expenses 1,075,052.3 23,683.0 170,136.0 Losses 44,094.3 4,142.4 16,867.7

Financial Expenses 163,890.4 55,733.9 - Bank Charges 5,072.3 889.6 - Documentary Stamp Expenses 10.9 8.6 - Interest Expenses 81,460.9 54,835.7 - Other Financial Charges 77,346.2 - -

Net Income Before Subsidy 1,266,848.2 869,181.7 566,264.3 Add: Subsidy from Other National Government Agencies 1,003,008.6 - -

Subsidy from Government Owned and/or Controlled Corporations 80,013.5 - -

Net Income Before Tax 2,349,870.3 869,181.7 566,264.3 36,847.6 - -

NET INCOME AFTER TAX 2,313,022.7 869,181.7 566,264.3


Less: Income Tax

289

Income 243,430.0 1,019,430.4 232,819.1 Service Income 985.7 - -

Affiliation and Membership Fees 551.1 - - Training and Seminar Fees 434.5 - -

Business Income 240,520.7 990,592.1 210,354.5 Hospital Fees 235,105.2 990,592.1 208,327.4 Rent Income 5,042.2 - 2,027.1 Sales Revenue 373.2 - -

Other Income 1,923.7 28,838.3 22,464.6 Dividend Income 10.0 - - Interest Income 1,824.8 - 17,038.2 Miscellaneous Income - 28,838.3 5,164.3 Other Fines and Penalties 88.9 - 262.2

Expenses 374,424.6 1,134,600.7 439,285.7 Personal Services 133,740.4 235,437.8 219,748.7


Maintenance and Other Operating Expenses 240,684.3 899,162.9 219,536.9 Travelling Expenses 161.2 134.2 98.4 Training and Scholarship Expenses 221.4 562.4 331.0 Supplies Expenses 86,302.4 395,651.5 51,754.3 Utility Expenses 31,310.8 71,738.0 25,735.6 Communication Expenses 1,477.3 2,050.1 1,164.8 Membership Dues and Contributions to Organizations 78.3 - - Advertising Expenses 225.3 144.9 50.3 Printing and Binding Expenses 30.7 - - Rent Expenses 1,470.5 52,874.7 - Transportation and Delivery Expenses 0.3 - - Subscription Expenses 133.0 550.8 - Rewards and Other Claims - - 1,792.4 Professional Services 27,608.2 53,733.8 22,549.0 Repairs and Maintenance 1,902.9 20,655.2 2,051.2 Confidential, Intelligence, Extraordinary and Miscelllaneous 225.1 - 53.5 Taxes, Insurance, Premiums and Other Fees 1,382.7 5,482.3 3,853.8 Bad Debts Expenses 4,177.1 - 3,304.5 Depreciation 20,058.3 74,858.3 17,520.2 Discounts 17,106.1 51,836.7 2,392.2 Other Maintenance and Operating Expenses 46,812.6 168,890.2 86,741.3 Losses - - 144.5

Net Loss Before Subsidy (130,994.6) (115,170.3) (206,466.5) Add: Subsidy from Other National Government Agencies 207,560.0 185,618.2 226,000.0

NET INCOME AFTER SUBSIDY 76,565.4 70,447.9 19,533.5




LCP NKTI PCMCACCOUNT TITLE

290

Income 1,446,144.2 1,794,422.5 196,522.8 Permits and Licenses - - 4,219.1

Registration Fees - - 4,219.1

Service Income - - 91,037.2 Affiliation and Membership Fees - - 2,842.3 Inspection Fees - - 27,995.8 Passport and Visa Fees - - 59,299.1 Processing Fees - - 810.1 Other Service Income - - 89.9

Business Income 1,440,006.2 3,039.1 90,848.2 Hospital Fees 1,404,547.4 - - Rent Income 16,814.5 3,039.1 - Income from Canteen/Restaurant Operation 13,923.7 - - Income from Dormitory/Guest Houses/Cottages Operations 1,934.7 - - Landing and Parking Fees 1,125.5 - - Other Business Income - - 90,848.2 Fines and Penalties - Business Income 1,660.3 - -

Other Income 6,138.0 1,789,084.6 10,347.6 Dividend Income 20.6 6.5 - Insurance Income - 1,314,915.8 - Interest Income 3,328.2 462,927.3 10,268.3 Income from Grants and Donations - 8,495.6 - Miscellaneous Income 2,789.3 764.8 79.3 Other Fines and Penalties - 1,974.7 -

Gain/Premiums - 2,298.8 70.6 Gain/Loss on Foreign Exchange (FOREX) - 2,298.8 - Gain/Loss on Sale of Disposed Assets - - 70.6

Expenses 1,656,854.5 673,485.1 83,650.5 Personal Services 402,545.6 253,981.7 15,072.7


Maintenance and Other Operating Expenses 1,251,355.9 411,962.4 68,574.2 Travelling Expenses 88.5 9,900.7 4,051.7 Training and Scholarship Expenses 468.3 1,132.9 241.5 Supplies Expenses 709,254.7 15,246.3 2,667.3 Utility Expenses 84,034.2 13,923.9 457.7 Communication Expenses 1,838.6 14,775.7 2,003.3 Membership Dues and Contributions to Organizations - 13.5 (2.0) Advertising Expenses 948.3 3,857.4 6,969.7 Printing and Binding Expenses - 6,405.8 259.2 Rent Expenses 777.8 9,989.8 3,108.6 Representation Expenses 348.8 1,498.4 2,018.2 Transportation and Delivery Expenses - 285.4 201.2 Subscription Expenses 1,352.8 520.1 115.5 Survey Expenses - 78.3 - Rewards and Other Claims - 2.4 - Professional Services 49,636.6 30,833.0 6,907.4 Repairs and Maintenance 34,289.0 6,370.1 1,026.5



PHC OWWA PRAACCOUNT TITLE

291



PHC OWWA PRAACCOUNT TITLE

Subsidies and Donations 2.0 883.9 39.6 Confidential, Intelligence, Extraordinary and Miscelllaneous 2,652.2 5,925.8 549.4 Taxes, Insurance, Premiums and Other Fees 6,003.5 5,697.3 190.1 Bad Debts Expenses 9,948.1 109.6 642.1 Depreciation 77,051.2 11,846.3 5,085.1 Discounts 73,857.2 - - Tax Exemption and Refunds - 1.6 - Other Maintenance and Operating Expenses 198,324.2 272,664.2 19,497.3 Losses 479.8 - 12,545.0

Financial Expenses 2,953.0 7,541.1 3.6 Bank Charges 2,101.6 1,791.1 3.6 Documentary Stamp Expenses - 2.3 - Interest Expenses 851.3 - - Other Financial Charges - 5,747.7 -

Net Income(Loss) Before Subsidy (210,710.2) 1,120,937.4 112,872.2 Add: Subsidy from Other National Government Agencies 159,603.3 - -

Net Income(Loss) Before Tax (51,106.9) 1,120,937.4 112,872.2 - - 36,847.6

NET INCOME(LOSS) AFTER TAX (51,106.9) 1,120,937.4 76,024.6


Less: Income Tax

292

Income 173,511.1 106,305.6 35,870.7 Service Income - 6,151.8 -

Library Fees - 46.5 - Training and Seminar Fees - 629.3 - Toll and Terminal Fees - 2,890.3 - Other Service Income - 2,585.6 -

Business Income 173,469.9 84,025.9 22,142.7 Rent Income - 42,225.1 20,696.0 Sales Revenue 173,469.9 346.1 - Landing and Parking Fees - 10,879.6 - Printing/Publication Income - 1,574.2 - Other Business Income - 26,113.7 1,446.6 Fines and Penalties - Business Income - 2,887.2 -

Other Income 41.2 3,547.9 13,728.1 Dividend Income 12.4 60.3 3.9 Interest Income 26.1 3,115.6 13,709.1 Income from Grants and Donations - 37.6 15.0 Miscellaneous Income 2.7 334.4 -

Gain/Premiums - 12,580.0 - Gain/Loss on Sale of Disposed Assets - 12,580.0 -


Salaries and Wages 100,603.6 51,600.3 1,284.9 Other Compensation 27,503.0 20,151.3 696.9 Personnel Benefit Contributions 12,303.2 7,489.4 80.6 Other Personnel Benefits 11,366.3 2,627.0 63.0

Maintenance and Other Operating Expenses 106,787.7 184,505.6 15,207.7 Travelling Expenses 2,390.3 168.4 22.2 Training and Scholarship Expenses 110.8 57.4 4.8 Supplies Expenses 6,388.2 3,536.2 386.3 Utility Expenses 12,270.8 41,038.6 860.9 Communication Expenses 1,789.6 3,911.7 116.4 Membership Dues and Contributions to Organizations 121.0 172.7 - Advertising Expenses 2,391.2 728.1 48.4 Printing and Binding Expenses - 862.5 - Rent Expenses 12,809.6 395.1 - Representation Expenses - 439.7 106.7 Transportation and Delivery Expenses 108.2 - - Subscription Expenses 39.2 294.9 46.9 Survey Expenses - 29.8 - Professional Services 5,094.8 54,129.7 3,063.2 Repairs and Maintenance 3,693.8 5,916.8 1,203.5 Subsidies and Donations - 7,819.0 - Confidential, Intelligence, Extraordinary and Miscelllaneous 1,495.6 - 598.3 Taxes, Insurance, Premiums and Other Fees 316.8 6,653.6 562.2 Bad Debts Expenses 14,629.9 - 28.1 Depreciation 30,980.1 37,226.2 6,863.4 Other Maintenance and Operating Expenses 12,157.9 19,872.3 1,285.9 Losses - 1,252.8 10.3



PTNI CCP NPFIACCOUNT TITLE

293



PTNI CCP NPFIACCOUNT TITLE

Financial Expenses 917.3 7.5 3.3 Bank Charges 261.4 7.4 3.3 Interest Expenses 656.0 - - Other Financial Charges - 0.1 -

Net Income(Loss) Before Subsidy (85,970.0) (160,075.6) 18,534.4 Add: Subsidy from Other National Government Agencies 7,973.4 133,184.7 -

NET INCOME(LOSS) AFTER TAX (77,996.6) (26,890.9) 18,534.4


294

Income 7,968.5 32,708.7 39,307.0 Service Income - - 528.9

Library Fees - - 17.6 Medical, Dental and Laboratory Fees - - 17.5 Training and Seminar Fees - - 493.9

Business Income 1,099.8 125.3 31,712.2 Rent Income 1,099.8 - - Sales Revenue - 125.3 31,562.0 Other Business Income - - 150.2

Other Income 6,868.7 32,583.4 7,065.9 Dividend Income 4.2 - - Interest Income 6,861.5 29,598.6 5,103.5 Miscellaneous Income 3.0 2,984.8 1,917.8 Other Fines and Penalties - - 44.6


Salaries and Wages 521.6 15,671.2 13,147.5 Other Compensation 206.3 7,519.8 10,329.2 Personnel Benefit Contributions 77.8 2,120.5 2,096.9 Other Personnel Benefits 221.0 2,252.4 1,349.5

Maintenance and Other Operating Expenses 6,390.9 16,285.8 33,765.4 Sales Discounts - - 105.5 Cost of Good Sold - - 13,114.6 Travelling Expenses 5.5 64.3 3,450.1 Training and Scholarship Expenses 39.8 961.0 645.0 Supplies Expenses 201.8 876.4 1,859.6 Utility Expenses - 2,569.9 766.9 Communication Expenses 69.8 1,491.5 1,006.4 Advertising Expenses - 59.0 4,319.1 Printing and Binding Expenses 3.6 665.7 128.3 Rent Expenses - - 646.5 Representation Expenses 17.2 157.7 270.9 Transportation and Delivery Expenses - - 34.1 Subscription Expenses 19.3 93.8 13.6 Rewards and Other Claims - - 176.5 Professional Services 172.6 4,812.0 2,554.7 Repairs and Maintenance 404.2 1,522.2 635.9 Subsidies and Donations 4,363.4 11.3 - Confidential, Intelligence, Extraordinary and Miscelllaneous 8.5 78.7 84.8 Taxes, Insurance, Premiums and Other Fees 25.8 428.2 230.6 Bad Debts Expenses - - 216.9 Depreciation 994.0 2,037.8 3,018.7 Other Maintenance and Operating Expenses 65.4 456.3 486.8

Financial Expenses - 3.0 4.1 Bank Charges - 3.0 4.1

Net Income(Loss) Before Subsidy 551.0 (11,144.0) (21,385.5) Add: Subsidy from Other National Government Agencies - 15,000.0 40,000.0

NET INCOME AFTER SUBSIDY 551.0 3,856.0 18,614.5


PCED PIDS PITAHCACCOUNT TITLE



295

Income 89,238.5 127,180.8 10,651.1 Service Income 27,076.7 64,117.5 4,054.7

Medical, Dental and Laboratory Fees - - 1,944.1 Training and Seminar Fees 8,870.5 - 2,110.6 Other Service Income 18,206.3 64,117.5 -

Business Income 26,629.6 55,003.4 2,712.8 Rent Income 17,641.2 12,873.6 1,834.4 Sales Revenue 7,240.0 - - Income from Canteen/Restaurant Operation - 26,322.0 - Income from Dormitory/Guest Houses/Cottages Operations - 15,807.7 650.5 Tuition Fees - - 2.6 Other Business Income 1,748.3 - 225.4

Other Income 35,532.2 8,060.0 3,883.6 Interest Income 33,502.8 6,915.2 3,823.9 Miscellaneous Income 9.0 1,144.8 59.8 Other Fines and Penalties 2,020.4 - -

Less: Share of National Government 12,000.0 - - Income after Share of National Government 77,238.5 127,180.8 10,651.1



Maintenance and Other Operating Expenses 264,269.1 92,394.9 33,009.3 Travelling Expenses 1,815.7 1,094.2 2,230.3 Training and Scholarship Expenses 24.3 - 4,451.0 Supplies Expenses 4,205.3 2,904.7 1,674.9 Utility Expenses 5,783.9 10,800.3 4,104.1 Communication Expenses 1,930.2 3,348.7 1,980.7 Membership Dues and Contributions to Organizations - 19.0 389.2 Advertising Expenses 378.7 55.5 5.7 Printing and Binding Expenses 512.0 49.5 510.7 Rent Expenses 9,923.9 659.3 - Representation Expenses - 413.2 163.0 Transportation and Delivery Expenses - 7.1 7.9 Subscription Expenses - 72.0 29.9 Professional Services 35,193.1 7,080.3 5,745.8 Repairs and Maintenance 784.3 3,086.1 1,639.1 Subsidies and Donations - 1.0 - Confidential, Intelligence, Extraordinary and Miscelllaneous 19,541.0 297.8 433.1 Taxes, Insurance, Premiums and Other Fees 7,124.0 2,528.6 500.2 Bad Debts Expenses 144,155.0 1,484.3 117.3 Depreciation 24,899.6 4,011.3 8,875.7 Other Maintenance and Operating Expenses 428.9 53,399.3 150.8 Losses 7,569.1 1,082.7 -

Financial Expenses 96,716.9 - 6.5 Bank Charges 0.6 - 6.5




296




Interest Expenses 25,117.9 - - Other Financial Charges 71,598.4 - -

Net Income(Loss) Before Subsidy (398,559.1) (27,308.9) (53,708.1) Add: Subsidy from Other National Government Agencies - 28,069.0 -

Subsidy from Government Owned and/or Controlled Corporations - - 80,013.5 - - -

NET INCOME(LOSS) AFTER SUBSIDY (398,559.1) 760.1 26,305.4


297

Government Equity Balance at beginning of the year 3,325,873.6 - - - Additions/Deductions 10,610.0 - - - Balance at end of the year 3,336,483.6 - - -

Capital Stock Balance at beginning of the year 652,850.2 71,430.8 - - Additions/Deductions 50,000.0 - - - Balance at end of the year 702,850.2 71,430.8 - -

Donated Capital Balance at beginning of the year 3,281,528.8 - - 2,894,593.1 Additions/Deductions 1,305.1 - - - Balance at end of the year 3,282,833.9 - - 2,894,593.1

Appraisal Capital Balance at beginning of the year 7,956,093.5 - 887,479.7 - Additions/Deductions 85,506.5 85,506.5 - - Balance at end of the year 8,041,600.0 85,506.5 887,479.7 -

Restricted Capital Balance at beginning of the year 1,096,710.0 302,776.7 675,696.5 - Additions/Deductions 62,650.1 134,836.2 (75,255.0) - Balance at end of the year 1,159,360.1 437,612.9 600,441.5 -

Retained Earnings Balance at beginning of the year 10,394,427.3 598,858.5 (1,426,274.7) 1,101,471.7 Changes during the year (491,804.8) (257,612.9) 297,245.0 26,511.0 Prior Years’ Adjustments (488,169.8) (232,862.1) (110,434.7) 104,809.7 Net Income/Loss for the year 2,313,022.7 869,181.7 566,264.3 76,565.4 Balance at end of the year 11,727,475.4 977,565.2 (673,200.0) 1,309,357.8

Total Equity 28,250,603.1 1,572,115.3 814,721.2 4,203,950.9


Social, Cultural and Scientific ClusterDetailed Statement of Changes in EquityFor the Year Ended December 31, 2005

(in thousand pesos)

LCPParticulars Total PAGCOR PCSO

298

Government Equity Balance at beginning of the year - 50,622.6 473,417.9 - - Additions/Deductions - 4,713.5 449.1 - - Balance at end of the year - 55,336.1 473,866.9 - -

Capital Stock Balance at beginning of the year - - - - 63,217.1 Additions/Deductions - - - - - Balance at end of the year - - - - 63,217.1

Donated Capital Balance at beginning of the year 112,016.0 - - - - Additions/Deductions 1,305.1 - - - - Balance at end of the year 113,321.1 - - - -

Appraisal Capital Balance at beginning of the year - - - 23,911.2 - Additions/Deductions - - - - - Balance at end of the year - - - 23,911.2 -

Restricted Capital Balance at beginning of the year 108,938.1 8,416.6 882.2 - - Additions/Deductions - 3,068.9 - - - Balance at end of the year 108,938.1 11,485.5 882.2 - -

Retained Earnings Balance at beginning of the year 697,314.2 281,727.5 335,559.3 8,088,189.0 235,658.3 Changes during the year 13,528.0 - - (530,372.5) (40,721.8) Prior Years’ Adjustments (18,638.1) (7,568.9) (150,536.5) (111,834.0) (4,308.6) Net Income/Loss for the year 70,447.9 19,533.5 (51,106.9) 1,120,937.4 76,024.6 Balance at end of the year 762,652.0 293,692.1 133,915.8 8,566,919.8 266,652.5

Total Equity 984,911.1 360,513.6 608,665.0 8,590,831.0 329,869.6



(in thousand pesos)

Particulars OWWA PRANKTI PCMC PHC

299

Government Equity Balance at beginning of the year 394,918.4 1,539,882.5 133,423.1 309,630.0 107,500.0 Additions/Deductions - - - - - Balance at end of the year 394,918.4 1,539,882.5 133,423.1 309,630.0 107,500.0

Capital Stock Balance at beginning of the year 491,425.0 - - - 26,777.3 Additions/Deductions 50,000.0 - - - - Balance at end of the year 541,425.0 - - - 26,777.3

Donated Capital Balance at beginning of the year - - - 11,106.0 - Additions/Deductions - - - - - Balance at end of the year - - - 11,106.0 -

Appraisal Capital Balance at beginning of the year - - 7,044,702.6 - - Additions/Deductions - - - - - Balance at end of the year - - 7,044,702.6 - -

Retained Earnings Balance at beginning of the year (230,095.6) (171,413.4) 452,787.8 240,397.5 (30,044.3) Changes during the year - - - - - Prior Years’ Adjustments (10,165.7) (3,682.2) (903.3) 68,844.2 1,103.9 Net Income/Loss for the year (77,996.6) (26,890.9) 18,534.4 (398,559.1) 760.1 Balance at end of the year (318,257.9) (201,986.5) 470,418.8 (89,317.4) (28,180.3)

Total Equity 618,085.5 1,337,896.0 7,648,544.5 231,418.7 106,097.0



(in thousand pesos)

Particulars NPFI TLRC DAPPTNI CCP

300

Government Equity Balance at beginning of the year - 15,677.9 237,720.9 63,080.4 Additions/Deductions - - 5,447.4 - Balance at end of the year - 15,677.9 243,168.3 63,080.4

Donated Capital Balance at beginning of the year 248,923.5 14,890.1 - - Additions/Deductions - - - - Balance at end of the year 248,923.5 14,890.1 - -

Retained Earnings Balance at beginning of the year (76,847.0) 60,678.7 121,550.7 114,909.3 Changes during the year - (381.5) - - Prior Years’ Adjustments 3,686.1 - (661.7) (15,017.8) Net Income/Loss for the year 26,305.4 551.0 3,856.0 18,614.5 Balance at end of the year (46,855.6) 60,848.2 124,744.9 118,506.0

Total Equity 202,067.9 91,416.2 367,913.2 181,586.4


PCED PIDS PITACH


(in thousand pesos)

OSHCParticulars

301


Operating and service income 61,803.5 - - Lotto installation fee and other related income 4,152.0 - 4,152.0 Franchise tax 9,505.3 - 9,505.3 Income from Fees 881.3 - - Rent Income 51,970.2 - 727.8 Commission 8,913.4 - 8,913.4 Hospital Income 987,530.6 - - Sales Revenue 8,793.7 - - Sales of Sweepstakes Tickets 62,765.6 - 62,765.6 Interest Income 247,157.5 110,083.1 94,063.4 Interest Income from Investments 575,751.6 - - Investment and Other Income 19,259.2 - - Dividend Income 18.1 - - Collection of Income/Revenue 392,353.4 - - Other Receipts/Income 272,027.5 - Collection of Income from Operations/receivables 682,234.2 - - Gain on Foreign Exchange 8,316.3 - - Miscellaneous Income 8,276.7 - 7,319.8 Collection of Accounts Receivables 9,720.0 - - Collection of Receivables 477,150.3 - 13,256.8 Collection of receivable from Bureau of the Treasury 27,764.0 - - Collection of receivables from disallowances 61.7 - - Cash received from OFWs 1,328,754.5 - - Cash received from Casino Customers 20,274,893.2 20,274,893.2 - Cash received from Chip Washing Operations, non-casino customers and other income 2,797,996.3 2,797,996.3 - Collection from customers/service income 34,115.4 - - Collection from various PDOs (10% rental and maintenance of lotte equipt) 321,555.7 - 321,555.7 Agents Settlements 11,057,528.2 - 11,057,528.2 Gain/Proceed from Sale of Assets/Acquired Assets 12,580.0 - - Proceeds from Sale of Waste Materials 350.4 - - Receipt of Refund from Cash Advance & Reinsurance Premium 374.1 - - Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense 1,775.3 - - Collection of advances 292,003.2 - 290,740.8 Other Receipts for Refund 121,753.2 - - Unreleased/Cancelled Checks 7,268.3 - - Cancellation of payments to payables 3,488.6 - - Prior Year Adjustments 6,973.2 - - Prior Years' Income (addition) 249.3 - 249.3 Receipt of Subsidy from National Government 735,744.7 - - Receipt of external fund 2,895.1 - - Receipt of Project Fund 9,249.1 - - Fund Received for CCP Projects 5,200.1 - - Loading Fund Received from GSIS/SSS 80,013.5 - - Grants and Donations 491.0 - - Financial Assistance from PCSO, PDAFT, etc 10,950.4 - - Fund Transfer: DOH for Indigency Patients ; DOH - NVBSP & DOTS for MOOE 6,281.7 - - Receipt of Funds on Account 107,897.4 - - Receipts of Performance/Bidders Bond & Other Deposits 7,295.4 - - Receipt of Guaranty Deposits 817.7 - - Receipt of Patient's Deposits 260,457.2 - - Miscellaneous Deposits 226.7 - -

Social, Cultural and Scientific ClusterDetailed Statement of Cash Flows


Particulars Total PAGCOR PCSO

302




Collection Held in Trust 60,175.2 - - Collection of withholding taxes/GSIS/Pagibig/Philhealth Premium 44,103.0 - - Receipt of Trust Funds - Patients/Guaranty Deposits 197,873.4 - - Receipt of Trust Funds from DOH, PDAF and other Congressional Initiatives 112,147.7 - - Trust Liabilities & Deferred Credits 1,570.4 - - Tax withheld on professional fees 434.8 - - Unremmited Ticket Sales & Refundable Violation Deposits 4,227.6 - - Terminated Investments - Restricted Funds from Other Assets 30,100.0 - - Redemption of Acquired Assets 2,720.0 - - Rent Income - Acquired Assets 36.4 - - CA-Accts with Legal/Advances on foreclosure 1,457.1 - - Cash Inflows From Operating Activities 41,860,430.7 23,182,972.5 11,870,778.0

Cash Outflows:Payment of Accounts Payable 2,186.2 - - Payment of Payables 155,715.3 - - Payment of Thermal Rolls/Playslips 281,075.6 - 281,075.6 Purchase of Inventories 3,769.3 - - Payment of Medicines and Drugs - RF 945.5 - - Payment of Office Supplies and Printing Materials 87,914.6 - 86,948.2 Purchase of Office supplies/supplies and materials 728,307.1 - -

` Payment of Interests and Guaranty Deposit Payables 1,732.9 - - Refund of Performance/Bidders/Bail Bonds 64.2 - - Guaranty Deposits 348.7 - 184.0 Payment of Refund 8,693.7 - - Refund of Receivables 2,582.3 - - Remittance to GSIS/Pag-IBIG/Philhealth/Witholding taxes 138,737.5 - - Remittance to National Government 12,000.0 - - Payment to Other GOCCs 32.2 - - Cash paid to employees, claimants and other parties 9,794,165.8 8,810,878.3 - Payment of Personal Services (CY & Pys) 1,240,901.3 - 595,191.7 Payment of Salaries and Wages and Other Compensation and Benefits 19,165.2 - - Payment of Maintenance & Other Operating Expenses (CY & PYs) 1,306,608.8 - 432,128.7 Payment of Operating Expenses 13,611,644.2 12,456,465.1 - Payment of Taxes and Licenses 710.6 - - Taxes on Interest Income 13,758.2 - 13,758.2 Remittance of 50% of Net Income to BIR 41,103.3 - - Taxes Paid - Prize Fund 330,267.9 - 330,267.9 Various taxes paid to the BIR 989,451.6 989,451.6 - Interest paid on loans 52,825.2 52,825.2 - Communication 116,547.9 - 116,547.9 Advertisement 675,865.2 - 675,865.2 Equipment Rental 472,379.3 - 472,379.3 Repairs and Maintenance - Office Equipment 17,136.7 - 17,136.7 Payment of Property, Plant & Equipment/Infra 134,203.5 - 45,055.5 Payment for Project Expenses 9,642.2 - - Gain/Loss on Foreign Exchange 39,439.2 4,142.4 16,856.2 Loss on Foreign Exchange 479.8 - - Management Fee 4,969.2 - - Miscellaneous Payments 378.1 - 378.1 Holding of Lottery Draws 149,968.7 - 149,968.7 Payment of meals and resource speakers 735.4 - - Payment of Trust Liabilities - (Operating & Charity) 1,488,366.3 - 1,401,674.0 Payments for Trust Fund - Special Projects 54,220.8 - -

303




Payment from external funds 3,647.5 - - Advances 21,992.8 - - Advances to Employees 251.2 - - Loans and Advances to Employees 3,282.3 - - Granting of Cash Advance/Petty Cash Fund 319,863.9 - 318,270.5 Cash Advances to NGAs/NGOs 3,179.7 - - Prepayments 60,269.9 - 59,130.5 Payment of Prepaid Expenses 4,669.8 - - Payment of Prior Year's Expenditures 383,528.0 - 254,330.2 Payment of Continuing Appropriations 767.1 - - Disbursement of Funds on Account 46,920.7 - - Cash lows from sale of acquired assets/foreclosure 5,220.0 - - Winning Tickets 61,580.7 - 61,580.7 Seller's Prize 24,559.9 - 24,559.9 Lotto Prizes 3,678,845.8 - 3,678,845.8 Aids for Calamities 138,886.2 - 138,886.2 Health & Welfare 364,459.4 - 364,459.4 Medical Assistance 1,438,910.6 - 1,438,910.6 Payment for Education and Research Fund; NVBSP 1,984.8 - - Sports Development 12,233.0 - 12,233.0 TB Control Program 24,500.0 - 24,500.0 PCSO Charity Clinic 49,482.1 - 49,482.1 5% for LGUs 188,476.8 - 188,476.8 Ospital para sa Mahirap 10,805.0 - 10,805.0 GMA Program 245,000.0 - 245,000.0 PDEA 46,158.3 - 46,158.3 DOH/NFA Murang Gamot 25,000.0 - 25,000.0 Avian Flu Protection Program 20,000.0 - 20,000.0 Ambulance 236,288.5 - 236,288.5 Cash Outflows From Operating Activities 39,409,803.5 22,313,762.7 11,832,333.5

Cash Provided by (Used in) Operating Activities 2,450,627.2 869,209.8 38,444.5


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment 1,601,244.6 - - Proceeds from maturing PASCN 3,950.7 - - Net decrease (increase) in Investments in Treasury Bills and Bonds 4,181,326.1 - - Termination of Bonds/Marketable Securities 64,606.6 - 64,606.6 Withdrawal from Investments / high-yield placements 19,580.1 - - Subsidy from Endowment Fund 7,300.0 - - Interest Received 21,013.6 - - Interest and Dividend Received 2,900.8 - - Proceeds from Sale of Fixed Assets 30,231.5 - - Cash Inflows From Investing Activities 5,932,154.1 - 64,606.6

Cash Outflows:Investment in Retail Treasury Bonds/Marketable Securities/Stocks 1,225,339.8 235.0 6,450.0 Investment in securities 189,856.8 91.5 - Investment in High Yielding Saving Account 63,220.8 - - Roll-over of PASCN Investment 4,447.9 - - Re-investment in Tbills, Tbonds & Other Securities 130,128.0 - - Cash deposited to Trust account with LBP and DBP 5,978,610.7 - - Additional Investments 2,351.8 - - Repair of Production Building 1,061.3 - -

304




Disbursement for CY and PY Obligations for Construction Projects 37,622.3 - - Purchase of Property, Plant and Equipment 370,438.2 344,780.7 - Acquisition of Property, Plant and Equipment 82,639.2 - - Purchase of Office Equipment, Furniture and Fixtures and Other PPE 43,485.1 - 4,816.4 Disbursement for CY and PY Obligations for Equipment 36,513.8 - - Payment of Tableting and Foiling Machine 2,561.6 - - Payment of library materials 10.4 - - Cashflows from sale of fixed assets 416.9 - - Cash advances for specific purposes 516.1 - - Input Tax 23.3 - - Cash Outflows From Investing Activities 8,169,243.8 345,107.2 11,266.4

Cash Provided by (Used in) Investing Activities (2,237,089.7) (345,107.2) 53,340.2


Advances from Clients 11,000.0 - - Equity from National Gov't. 50,000.0 - - Collections from Loans 5,764.7 - - Loan Proceeds 100,650.0 100,650.0 - Fund Transfer 176,404.3 - - Subsidy from Other National Government Agencies 7,973.4 - - Proceeds from Grants and Government Subsidies 50,000.0 - - Cash Outflows From Financing Activities 401,792.4 100,650.0 -

Cash Outflows:Payment of Domestic and Foreign Loans 7,776.7 - - Payment of Loans 327,669.1 327,669.1 - Payment of interest on loans/bonds payable and other financial charges 917.3 - - Loan Releases/Financial Assistance 105,626.1 - - Payment to Philhealth 530,382.4 - - Cash Outflows From Financing Activities 972,371.6 327,669.1 -

Cash Provided by (Used in) Financing Activities (570,579.1) (227,019.1) -

Increase (Decrease) in Cash and Cash Equivalents (357,041.6) 297,083.6 91,784.7

Add: Cash and Cash Equivalents, Beginning January 1, 2005 7,393,677.0 2,656,717.5 1,299,853.3



305


Income from Fees 551.1 - - - Rent Income 5,042.2 - - - Hospital Income 160,550.3 - - 826,980.2 Interest Income 1,824.8 - - - Investment and Other Income - - - 16,621.9 Dividend Income 10.0 - - - Collection of Income/Revenue - - 112,135.2 - Other Receipts/Income 6,113.1 - 239,372.9 - Collection of Income from Operations/receivables - 682,234.2 - - Collection of Receivables - - 60,238.9 108,400.6 Proceeds from Sale of Waste Materials 350.4 - - - Other Receipts for Refund - - - 121,753.2 Cancellation of payments to payables - - 3,488.6 - Prior Year Adjustments 5,982.8 - - - Receipt of Subsidy from National Government 207,560.0 185,000.0 - 155,000.0 Financial Assistance from PCSO, PDAFT, etc 10,950.4 - - - Fund Transfer: DOH for Indigency Patients ; DOH - NVBSP & DOTS for MOOE 6,281.7 - - - Receipt of Funds on Account - - 107,897.4 - Receipts of Performance/Bidders Bond & Other Deposits 990.1 - - - Receipt of Patient's Deposits - - - 260,457.2 Collection of withholding taxes/GSIS/Pagibig/Philhealth Premium - - 44,103.0 - Receipt of Trust Funds - Patients/Guaranty Deposits - 197,873.4 - - Receipt of Trust Funds from DOH, PDAF and other Congressional Initiatives - 112,147.7 - - Tax withheld on professional fees 434.8 - - - Terminated Investments - Restricted Funds from Other Assets 30,100.0 - - - Cash Inflows From Operating Activities 436,741.9 1,177,255.3 567,236.2 1,489,213.1

Cash Outflows:Payment of Payables - - 97,530.2 - Payment of Medicines and Drugs - RF - - 945.5 - Purchase of Office supplies/supplies and materials - - - 713,723.1 Payment of Refund 6,956.0 - - - Refund of Receivables - - 2,582.3 - Remittance to GSIS/Pag-IBIG/Philhealth/Witholding taxes - - 43,445.8 27,512.4 Payment of Personal Services (CY & Pys) 152,134.6 - - 396,736.3 Payment of Maintenance & Other Operating Expenses (CY & PYs) 149,844.6 583,736.8 - - Payment of Operating Expenses - 222,597.0 328,822.5 184,584.7 Payment of Taxes and Licenses - - - 710.6 Payment of Property, Plant & Equipment/Infra - 89,148.0 - - Gain/Loss on Foreign Exchange - - 115.3 - Loss on Foreign Exchange - - - 479.8 Payment of Trust Liabilities - (Operating & Charity) - - - 86,692.4 Payments for Trust Fund - Special Projects - 54,220.8 - - Advances to Employees - - - 251.2 Payment of Prepaid Expenses - - 519.7 - Payment of Prior Year's Expenditures - 96,653.7 - - Payment of Continuing Appropriations - - 767.1 - Disbursement of Funds on Account - - 46,920.7 - Payment for Education and Research Fund; NVBSP 1,984.8 - - - Cash Outflows From Operating Activities 310,920.0 1,046,356.2 521,649.1 1,410,690.5

Cash Provided by (Used in) Operating Activities 125,821.9 130,899.0 45,587.0 78,522.7

PHC



Particulars LCP NKTI PCMC

306

PHC



Particulars LCP NKTI PCMC


Interest and Dividend Received - - - 2,900.8 Proceeds from Sale of Fixed Assets - - 42.4 154.6 Cash Inflows From Investing Activities - - 42.4 3,055.4

Cash Outflows:Additional Investments - - - 2,351.8 Disbursement for CY and PY Obligations for Construction Projects 37,622.3 - - - Acquisition of Property, Plant and Equipment - - - 81,307.2 Purchase of Office Equipment, Furniture and Fixtures and Other PPE - - 11,660.1 - Disbursement for CY and PY Obligations for Equipment 36,513.8 - - - Cash Outflows From Investing Activities 74,136.0 - 11,660.1 83,659.1

Cash Provided by (Used in) Investing Activities (74,136.0) - (11,617.7) (80,603.7)

Increase (Decrease) in Cash and Cash Equivalents 51,685.8 130,899.0 33,969.3 (2,081.0)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 15,397.9 176,418.3 271,932.6 85,880.7



307


Operating and service income - - - 22,665.9 Rent Income - - - 44,999.2 Interest Income from Investments 562,332.3 - - - Investment and Other Income - - - 2,637.3 Collection of Income/Revenue - 172,286.7 40.8 - Other Receipts/Income 26,541.4 - - - Gain on Foreign Exchange - 8,314.7 - - Miscellaneous Income - - - 481.8 Collection of Receivables - 24,913.3 106,344.6 23,451.4 Cash received from OFWs 1,328,754.5 - - - Gain/Proceed from Sale of Assets/Acquired Assets - - - 12,580.0 Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense - - 1,041.9 - Collection of advances - - - 1,262.4 Unreleased/Cancelled Checks - - - 7,266.5 Prior Year Adjustments - - - 990.4 Receipt of Subsidy from National Government - - - 133,184.7 Fund Received for CCP Projects - - - 5,200.1 Grants and Donations - - - 476.0 Collection Held in Trust - 213.2 365.2 - Trust Liabilities & Deferred Credits - - - 1,570.4 Unremmited Ticket Sales & Refundable Violation Deposits - - - 4,227.6 Cash Inflows From Operating Activities 1,917,628.1 205,727.9 107,792.6 260,993.7

Cash Outflows:Payment of Payables - 31,261.6 - - Purchase of Inventories - - - 3,130.9 Payment of Office Supplies and Printing Materials - 966.4 - - Purchase of Office supplies/supplies and materials - - 6,084.0 - Guaranty Deposits - - - 128.6 Payment of Refund - 1,737.7 - - Remittance to GSIS/Pag-IBIG/Philhealth/Witholding taxes - 8,106.8 10,052.3 - Cash paid to employees, claimants and other parties 758,380.0 - - - Payment of Personal Services (CY & Pys) - - - 79,112.5 Payment of Maintenance & Other Operating Expenses (CY & PYs) - - - 113,388.3 Payment of Operating Expenses - 60,916.0 141,637.0 - Remittance of 50% of Net Income to BIR - 40,721.8 - - Gain/Loss on Foreign Exchange - 18,325.3 - - Advances - - - 18,890.4 Loans and Advances to Employees - 1,709.4 - - Prepayments - - - 1,064.2 Payment of Prior Year's Expenditures - - - 32,343.8 Cash Outflows From Operating Activities 758,380.0 163,745.1 157,773.2 248,058.9

Cash Provided by (Used in) Operating Activities 1,159,248.1 41,982.9 (49,980.7) 12,934.8


Short-Term Investment - 5,018.8 - - Treasury Bills and Bonds 4,181,326.1 - - - Cash Inflows From Investing Activities 4,181,326.1 5,018.8 - -

CCP



Particulars OWWA PRA PTNI

308

CCP



Particulars OWWA PRA PTNI

Cash Outflows:Investment in securities - 137,284.0 - - Cash deposited to Trust account with LBP and DBP 5,978,610.7 - - - Purchase of Property, Plant and Equipment - 3,611.8 - 22,045.7 Purchase of Office Equipment, Furniture and Fixtures and Other PPE 15,390.8 - 1,949.1 - Cash Outflows From Investing Activities 5,994,001.5 140,895.9 1,949.1 22,045.7

Cash Provided by (Used in) Investing Activities (1,812,675.4) (135,877.1) (1,949.1) (22,045.7)


Advances from Clients - - 11,000.0 - Equity from National Gov't. - - 50,000.0 - Subsidy from Other National Government Agencies - - 7,973.4 - Cash Outflows From Financing Activities - - 68,973.4 -

Cash Outflows:Payment of Domestic and Foreign Loans - - 7,776.7 - Payment of Loans - - - - Payment of interest on loans/bonds payable and other financial charges - - 917.3 - Payment to Philhealth 530,382.4 - - - Cash Outflows From Financing Activities 530,382.4 - 8,694.0 -

Cash Provided by (Used in) Financing Activities (530,382.4) - 60,279.4 -

Increase (Decrease) in Cash and Cash Equivalents (1,183,809.7) (93,894.2) 8,349.6 (9,110.9)

Add: Cash and Cash Equivalents, Beginning January 1, 2005 2,124,670.2 212,802.9 (6,942.8) 99,523.3



309


Operating and service income - 39,137.7 - - Interest Income from Investments 13,419.3 - - - Dividend Income 3.9 - - - Collection of Income/Revenue 1,632.7 - 101,586.4 3,822.5 Gain on Foreign Exchange 1.6 - - - Collection of Receivables 19,627.2 13,123.6 102,493.2 3,101.9 Collection from customers/service income - 32,349.9 - 1,765.5 Receipt of Refund from Cash Advance andReinsurance Premium 374.1 - - - Receipt of external fund - - - 2,895.1 Receipt of Project Fund - - - - Fund Received for CCP Projects - - - - Loading Fund Received from GSIS/SSS - - - 80,013.5 Grants and Donations 15.0 - - - Receipts of Performance/Bidders Bond and Other Deposits - - 6,305.3 - Receipt of Guaranty Deposits 407.0 - - - Miscellaneous Deposits - 226.7 - - Collection Held in Trust - 59,596.9 - - Redemption of Acquired Assets - 2,720.0 - - Rent Income - Acquired Assets - 36.4 - - CA-Accts with Legal/Advances on foreclosure - 1,457.1 - -


Cash Outflows:Payment of Payables - - 22,427.0 785.9 Purchase of Office supplies/supplies and materials - - 6,859.2 915.6

` Payment of Interests and Guaranty Deposit Payables 1,221.4 - - - Remittance to GSIS/Pag-IBIG/Philhealth/ Witholding taxes 528.3 - 28,922.8 10,118.3 Remittance to National Government - 12,000.0 - - Cash paid to employees, claimants and other parties - 224,907.6 - - Payment of Personal Services (CY & Pys) - - - 17,726.1 Payment of Operating Expenses 9,872.5 10,672.4 126,476.6 21,391.7 Management Fee - 4,969.2 - - Payment of meals and resource speakers - - - 735.4 Payment from external funds - - - 3,647.5 Advances - 3,102.4 - - Granting of Cash Advance/Petty Cash Fund 186.5 - - - Payment of Prepaid Expenses - - 2,713.5 725.1 Cash lows from sale of acquired assets/foreclosure - 5,220.0 - -

Total Cash Outflows 11,808.6 260,871.6 187,399.1 56,045.7 Cash Provided by (Used in ) Operating Activities 23,672.3 (112,223.4) 22,985.8 35,552.9


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - 1,356,315.7 14,758.1 - Interest Received - 17,190.8 - 3,822.8 Proceeds from Sale of Fixed Assets 30,022.5 - - -

Total Cash Inflows 30,022.5 1,373,506.5 14,758.1 3,822.8

OSHC



Particulars NPFI TLRC DAP

310

OSHC



Particulars NPFI TLRC DAP

Cash Outflows:Investment in Retail Treasury Bonds/Marketable Securities/Stocks - 1,218,654.8 - - Investment in securities - - 52,481.2 - Acquisition of Property, Plant and Equipment 92.5 - - - Purchase of Office Equipment, Furniture and Fixtures and Other PPE - - 1,822.3 6,063.0 Cashflows from sale of fixed assets - 416.9 - - Cash advances for specific purposes - - 516.1 - Input Tax - 23.3 - -

Total Cash Outflows 92.5 1,219,095.0 54,819.6 6,063.0 Cash Provided by (Used in) Investing Activities 29,930.0 154,411.6 (40,061.5) (2,240.2)


Collections from Loans - 5,764.7 - - Fund Transfer - 176,404.3 - - Proceeds from Grants and Government Subsidies - - 50,000.0 -

Total Cash Inflows - 182,169.0 50,000.0 -

Cash Outflows:Loan Releases/Financial Assistance - 105,626.1 - -

Total Cash Outflows - 105,626.1 - - Cash Provided by (Used in) Financing Activities - 76,542.9 50,000.0 -

Increase (Decrease) in Cash and Cash Equivalents 53,602.3 118,731.1 32,924.3 33,312.7




311


Income from Fees - - 330.2 Rent Income 1,201.0 - - Sales Revenue - - 8,793.7 Interest Income 6,385.5 30,532.3 4,268.5 Dividend Income 4.2 - - Collection of Income/Revenue - 849.0 - Miscellaneous Income 10.7 - 464.4 Collection of Accounts Receivables - - 9,720.0 Collection of Receivables - 2,195.2 3.5 Collection of receivable from Bureau of the Treasury - - 27,764.0 Collection of receivables from disallowances - - 61.7 Refund of Cash Advance, Petty Cash Fund and Overpayment of Expense - 636.4 97.0 Unreleased/Cancelled Checks - - 1.8 Receipt of Subsidy from National Government - 15,000.0 40,000.0 Receipt of Project Fund - 9,249.1 - Receipt of Guaranty Deposits - 410.7 -


Cash Outflows:Payment of Accounts Payable - - 2,186.2 Payment of Payables 26.8 3,642.3 41.5 Purchase of Inventories - 638.4 - Purchase of Office supplies/supplies and materials 725.3 - -

` Payment of Interests and Guaranty Deposit Payables 511.6 - - Refund of Performance/Bidders/Bail Bonds - 34.2 30.0 Guaranty Deposits - - 36.0 Remittance to GSIS/Pag-IBIG/Philhealth/Witholding taxes - 261.2 9,789.6 Payment to Other GOCCs - - 32.2 Payment of Salaries and Wages and Other Compensation and Benefits - - 19,165.2 Payment of Maintenance & Other Operating Expenses (CY & PYs) - - 27,510.3 Payment of Operating Expenses 5,436.0 42,772.6 - Remittance of 50% of Net Income to BIR 381.5 - - Payment for Project Expenses - 9,642.2 - Loans and Advances to Employees - 1,572.8 - Granting of Cash Advance/Petty Cash Fund - 608.1 798.7 Cash Advances to NGAs/NGOs - - 3,179.7 Prepayments - - 75.1 Payment of Prepaid Expenses 711.6 - - Payment of Prior Year's Expenditures - - 200.3

Total Cash Outflows 7,792.7 59,171.8 63,044.9 Cash Provided by (Used in) Operating Activities (191.2) (299.0) 28,459.8


Proceeds from Maturing Treasury Bills/Bonds/ Short-Term Investment - 110,149.9 115,002.1 Proceeds from maturing PASCN - 3,950.7 - Withdrawal from Investments / high-yield placements 1,580.1 - 18,000.0 Subsidy from Endowment Fund - 7,300.0 - Proceeds from Sale of Fixed Assets - 12.0 -


PCED PIDS PITAHC

Social, Cultural and Scientific ClusterDetailed Statement of Cash Flows, By GOCCs


Particulars

312

PCED PIDS PITAHC

Social, Cultural and Scientific ClusterDetailed Statement of Cash Flows, By GOCCs


Particulars

Cash Outflows:Investment in High Yielding Saving Account - - 63,220.8 Roll-over of PASCN Investment - 4,447.9 - Re-investment in Tbills, Tbonds & Other Securities - 130,128.0 - Repair of Production Building - - 1,061.3 Acquisition of Property, Plant and Equipment - 1,239.4 - Purchase of Office Equipment, Furniture and Fixtures and Other PPE 856.0 - 927.2 Payment of Tableting and Foiling Machine - - 2,561.6 Payment of library materials - - 10.4

Total Cash Outflows 856.0 135,815.3 67,781.2 Cash Provided by (Used in) Investing Activities 724.1 (14,402.7) 65,220.9

Increase (Decrease) in Cash and Cash Equivalents 532.8 (14,701.8) 93,680.7 - - -

Add: Cash and Cash Equivalents, Beginning January 1, 2005 (as restated) 837.3 31,315.3 12,902.6 - - -

Cash and Cash Equivalents, Ending December 31, 2005 1,370.1 16,613.5 106,583.3


313

SCHEDULES

Schedule 1

Source

FINANCIAL A CLUSTER

Bangko Sentral ng Pilipinas 1989 Relending Funded 5.15.90 Chase AgentGold - Backed Loan 7,959,300.0 Gold Repo Deposit Credit Suisse 11,938,950.0 Term Loan Facility 111,650,110.0 Blocked Peso Deposit Circular 1139/1202 73,278.0 Circular 1298 13,657,845.0 MC 12/5/83-Republic Planters Banks 3,846.0 145,283,329.0

CB-Board of Liquidators RP Japan Commodity Loan 164,775.0 Circular 1298 2,812,135.0 Treasurer of the Philippines 36,072,705.0 Private Corporate Sector Loans 370.0 39,049,985.0

Development Bank of the ADB TESDA 377,942.8 Philippines ADB III (1088) 122,044.6

ADBDPUCSP 40,540.9 EKSPORTFINANS ASA 63,445.9 EXIM KOREA 260,284.7 IBRD - CEFP 9,835.9 IBRD 3227IRP 3,483,937.2 IBRD ICP 1,328,937.8 IBRD - RPP 63,451.9 IBRD - IRP 1,195,967.7 IBRD - LGU I 236,052.5 IBRD - LGU II 145,310.2 IBRD MERALCO 1,206,489.3 IBRD PLDT 1,186,741.1 ICBC $10MM 41,569.5 ICBC $5MM 6,844.9 JEXIM 1 1,582,289.8 JEXIM 2 1,539,636.8 JEXIM 3 7,979,357.2 JEXIM 4 13,506,702.3 JEXIM 5 9,845,565.1 KFW CEFP 75,315.4 KFW SPI 715,669.3 KFW CLSME 1,095,842.3 KFW IPCLP I 295,773.1 KFW IPCLP II 313,750.2 KFW CLSWM 125,756.9 SPANISH MIXED ICO 158,255.3 NORDIC SDR 3MM 161,439.2 NORDIC SDR 5MM 43,906.4 NORDIC INVESTMENT BANK 1,044,905.4 OECF AJDF 10,244,773.1 OECF DSMP I 5,301,318.5 OECF DSMP II 1,646,560.9 OECF EISCP I 2,278,283.3 OECF EISCP II 1,587,581.2 OECF 1SSEP I 23,919.9 OECF 1SSEP I 9,368,339.2 OECF 1SSEP II 8,477,631.9 ISEP II 3,613,568.1 DANNISH EXPORT FINANCIAL CORP. 14,784.0 Unaccounted 35,060,890.4 125,871,212.0

Industrial Guarantee Loan Fund IBRD-3038 PH 515,891.7 ADB-945 PH SDR 25.8 M 719,947.8 1,235,839.5

GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONS

December 31, 2005

GOCC Amount

(in thousand pesos)

BREAKDOWN OF FOREIGN LOANS

314

Schedule 1

Source


December 31, 2005

GOCC Amount

(in thousand pesos)


Land Bank of the Philippines ADB - 1106-PHI 326,173.2 ADB - 1216-PHI 2,562,581.5 ADB - 1664-PHI 259,893.0 ADB - 1729-PHI 15,179.6 ADB - 1843-PHI 186,860.3 AJDF B2 2,423,734.2 JBIC - PH-P168 4,724,612.1 JBIC - PH-P195 2,731,781.1 OECF 157 5,401,079.9 IBRD - 3356-PH 4,238,550.5 IBRD - 3938-PH 950,793.0 IBRD-3938A-PH 1,250,524.0 IBRD-3939-PH 1,065,138.3 IBRD- 3940-PH 1,769,617.7 IBRD-4228-PH 537,987.3 IBRD-4413-PH 6,061,920.7 KFW1-EU 474,201.5 KFW2-EU 220,428.8 35,201,056.8

People's Credit & Finance CorporationLBP - ADB/IFAD 1,165,635.5 LBP-WB 231,551.7 1,397,187.2

Sub-Total 348,038,609.4

FINANCIAL B CLUSTER

National Development Company OECF 1,169,413.4 MARUBENI Corporation 58,292.2 1,227,705.60

National Precision Cutting Tolls, Inc. 76,118.10

National Home Mortgage IBRD Project Loan 349,486.0 Finance Corporation World Bank 52,419.0 401,905.0

Sub-Total 1,705,728.7

PUBLIC UTILITIES CLUSTER

National Power Corporation ADB 24,878,734.7 International Devt. Association 247,154.6 Mediocredito 1,580,998.8 IBRD 20,458,399.5 USAID 70,300.5 Instituto de Credito Official 1,712,190.4 Nordic Investment Bank 751,286.6 KEPCO Phil. Corporation 1,247,074.5 Gruppo Industrie Electro 86,783.6 Klienwort Benson 2,104.3 OPEC Fund 43,497.6 Exim United Loan 14,874,565.0 Eximbank of Japan 12,176,705.1 Eximbank of Korea 548,629.7 Eximbank of USA 33,049.8 Japan Bank for Int'l Cooperation 2,792,777.0 Kanematsu Gosho 111,518.1 Overseas Eco. Coop Fund 38,867,399.9 Miyazawa Fund Tranche A & B 21,614,400.0 Mitsui & Co. 32,776.1 KFW 8,514,706.2 EFIBANCA 12,148.0 Credit National 1,325,795.3 Nordic Development Fund 252,463.3

315

Schedule 1

Source


December 31, 2005

GOCC Amount

(in thousand pesos)


INTERBANCA 14,928.9 Marubeni America 64,259.4 Mitsubishi Corporation 52,288.6 Toyo Menka Kaisha 4,558.4 Creditanstalt 22,131.1 VA Tech Finance Ltd. 359,320.1 International Bank for Aussenhandel 142,293.0 O. Kontrollbank 68,928.6 Lahmeyer International 2,453.3 Banque de Paris 23,394.6 152,990,014.5

Local Water Utilities Administration USAID 743,747.8 ADB 3,307,290.7 IBRD 217,973.1 DANIDA 184,497.5 OECF 4,572,172.4 French Protocol 112,947.0 Australian Aid 444,374.8 KFW 473,298.3 10,056,301.6 TotalLess: Current Portion

National Electrification Administration USAID 249,858.4 ADB 252,711.6 IBRD 2,142,754.2 OECF 4,993,131.4 UK II 386.6 French Loans 692.2 KFW 561,228.2 8,200,762.6

Light Rail Transit Authority Belgian State Loan 805,030.6 Japan Bank for Int'l Cooperation/OECF 34,015,616.9 Natexis Banque 291,205.8 Banque Paribas 59,022.8 35,170,876.1

Philippine National Railways EFIC I 1,307,625.8 EFIC II 325,618.9 1,633,244.7

Metropolitan Waterworks and ADB 9,539,603.0 Sewerage System IBRD 2,301,090.2

Japan Bank for International Coop.(OEC 1,353,143.4 French Treasury Loan (KFW) 292,500.0 BNP Paribas 8,440,050.0 21,926,386.6

PNOC Energy Development Corporation Miyazawa I 5,402,772.8 Miyazawa II 9,905,083.5 OECF 4,980,225.8 JP Morgan Chase Manhattan 1,167,364.0 Bank of Tokyo Mitsubishi 318,372.0 IBRD 8,590,040.2 Standard Chartered Bank 3,979,650.0 Guaranteed Loan Facility 4,775,580.0 39,119,088.3

Philippine National Oil Company IBRD 7,489,565.1 OECF 943,362.5 EXIMBANK 1,573,036.4 CITIBANK 8,277,672.0 CHASE and IBJ LOAN 255,253.4 18,538,889.5

Sub-Total 287,635,564.0

316

Schedule 1

Source


December 31, 2005

GOCC Amount

(in thousand pesos)


INDUSTRIAL AND AREA DEVELOPMENT AND RREGULATORY CLUSTER

Cebu Ports Authority OECF PH-40 105,844.4

Bases Conversion Development Corporation 4,083,321.2

Clark Development Authority Deutsche Bank 292,844.8

Manila International Airport Authority French Loan - Banque Paribas/Natexis B 153,391.0 OECF 7,126,533.0 SERCO-IAL System 141,063.0 7,420,987.0

National Housing Authority KFW DBB 11,910.4 KFW DDDP 24,878.2 Urban III 97,001.7 Urban IV 2,584.1 RCDP-IBRD 241.0 136,615.3

Philippine Centennial EXPO '98 Corporation ASIAKONSTRUCKT 4,485.0

Partido Development Administration ABN-AMRO Bank (DANIDA Mixed Credit Facility) 770,326.1

Philippine Economic Zone Authority JBIC PH P 67 541,512.9 JBIC PH P 127 533,861.6 JBIC PH P 183 240,805.6 1,316,180.1

Philippine Ports Authority ADB-875 1,215,959.0 IBRD-2823 160,255.0 JBIC-PH-P-20-2 292,138.0 JBIC-PH-P-40 45,362.0 JBIC-PH-P61 29,828.0 JBIC-PH-P84 16,852.0 JBIC-PH-P91 46,426.0 JBIC-PH-P122 1,871,565.0 JBIC-PH-P172 226,451.0 JBIC-PH-P187 3,029,346.0 JBIC-PH-P187A 258,727.0 KFW D1-P1 39,347.0 KFW D1-P2 5,781.0 KFW D2-P1 15,739.0 KFW D2-P2 44,560.0 7,298,336.0

North Luzon Railway Corporation China Exim bank 5,587,333.5

Subic Bay Metropolitan Authority IBRD-World Bank I 1,444,524.0 Eximbank 1,122,849.0 JBIC/OECF I 361,669.0 IBRD-World Bank II 1,090,918.0 JBIC/OECF II 1,840,855.0 5,860,815.0

Sub-Total 32,877,088.4

AGRICULTURAL, TRADING ANDPROMOTIONAL CLUSTER

National Food AuthorityJapanese Rice LoanAsian Development Bank1996 USPL 480 922,573.5

317

Schedule 1

Source


December 31, 2005

GOCC Amount

(in thousand pesos)


National Irrigation Administration ADB LoansIBRD LoansIFAD Loans 271,254.1

Philippine Fisheries IBRD 2156 PHI Development Authority ADB 628 PHI

OECF PH-P69DANIDA No. 5 109,025.6

Philippine Tourism Authority JBIC Loan - PH-P156 593,261.2

Sub-Total 1,896,114.4


Technology and Livelihood Resource Center JBIC 1,137,240.0

TOTAL FOREIGN LOANS 673,290,344.9

Note: 1 Consist of Current and Long Term Loans 2 Difference in totals and sum of components is due to rounding off

318

Schedule 2

GOCC Source

FINANCIAL A CLUSTER

CB-Board of Liquidators National Government 376,908,920.0

Land Bank of the Philippines LBP - Agrarian Reform Fund 2,001,244.0

LBP Leasing Corporation Land Bank of the Philippines 79,270.0

People's Credit and Finance SSS DOLE Microfinance Program 25,000.0 Corporation Communities in Central Mindanao (STARCM) 6,461.4

Upland Development Program 12,540.0 Development Bank of the Philippines 463,963.8 507,965.2

Development Bank of the NEDA IGLF 465,118.2 Philippines SSS 372,428.0

LBP 190,593.4 GSIS 3,419.2 ADB 531 1,364.4 Unaccounted 3,066,052.8 4,098,976.0

DBP Data Center, Inc. Phil. Commercial and Internationa Leasing and Finance, Inc. 4,308.2

Sub-total 383,600,683.4

FINANCIAL B CLUSTER

Home Development Mutual Fund Social Security System 5,623,152.0 Development Bank of the Philippines 5,000,000.0 Housing Bonds 2,000,000.0 Government Service Insurance System 1,620,415.2 14,243,567.2

Matrix Realty Development Corporation AFPRSBS 30,343.2

National Home Mortgage HDMF - Restructured Loan 5,426,867.4 Finance Corporation HDMF - Coryville 3,914.3

SSS - Restructured Loan 33,546,018.3 National Government 9,730.0 38,986,530.0

National Development Corporation DOLE Phils. Inc 4,051.9 GSIS 350,000.0 Land Bank of the Philippines 276,403.9 Social Security System 350,000.0 BTR - NSC 36,733.1 Development Bank of the Philippines 420,099.0 1,437,287.9

Philippine Deposit Insurance Corporation Bangko Sentral ng Pilipinas 73,092,557.0

PHIVIDEC Industrial Authority National Government 3,931,229.7

Small Business Guarantee and Finance Corporation Development Bank of the Philippines 875,450.0

Sub-Total 132,596,965.0

PUBLIC UTILITIES CLUSTER

Light Rail Transit Authority Land Bank of the Philippines 471,000.0 Bureau of the Treasury 5,697,901.4 6,168,901.4

Local Water Utilities Administration Land Bank of the Philippines 900,000.0

Amount

GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONS BREAKDOWN OF DOMESTIC LOANS


319

Schedule 2

GOCC Source Amount



Metropolitan Waterworks and National Government Sewerage System SPIAL 679,794.7

PPA 89,330.7 NHA 98,795.4 IBRD 1272/1282/TSSP 76,640.8 STCF 37,877.4 Pasig River (ADB 1746) 10,139.5 992,578.5

Philippine National Oil Company - Owned Land Bank of the Philippines 326,434.0 - Energy Development Corporation Land Bank of the Philippines 1,404,899.6 - Shipping and Transport Corporation Land Bank of the Philippines /National Government 302,321.1 2,033,654.7

Philippine National Railways National Government 2,807,945.6

Sub-total 12,903,080.2

INDUSTRIAL AND AREA DEVELOPMENT ANDREGULATORY CLUSTER

National Housing Authority GOP Portion Urban III 240,748.0 National Home Mortgage Financing Corp. 200,000.0 North Luzon Railways Corporation 130,000.0 National Development Corporation 500,000.0 Pag-IBIG 450,000.0 1,520,748.0

Philippine Economic Zone Authority Bureau of the Treasury 530,040.0

Clark Development Corporation PVB 225,000.0

First Centennial Clark Corporation National Development Corporation 477,944.0

Marawi Resort Hotel, Inc. SPDA-Main Office, now Mindanao Peace and Development Fund (MPDF) 146.0

Sub-Total 2,753,878.0

AGRICULTURAL, TRADING ANDPROMOTIONAL CLUSTER

Food Terminal, Inc. HSDC 53,742.9

Livelihood Corporation QUEDANCOR 83,000.0 HSDC 54,838.8 Others 21.1 137,859.8

National Agri-business Corporation PDIC 696,456.7 HSDC(SIDCOR) 8,322.2 Philippine National Bank 8,422.8 Department of Agrarian Reform 5,390.3 718,592.0

National Dairy Authority Agricultural Credit Policy Council 42,400.0

National Food Authority DBO 91,200.0 HSDC 509,093.0 LBP 205.0 Department of Agriculture 121.0 Others 0.4 600,619.4

320

Schedule 2

GOCC Source Amount



National Irrigation Administration ADB 2,829,468.7 IBRD 3,107,554.1 OECF 266,583.7 SPIAL 156,479.9 6,360,086.5

Natural Resources Development PNOC-EDC 30,000.0 Corporation

Natural Resources Mining Development Corporation NDC 25,000.0

Northern Foods Corporation SIDCOR 33,524.5 QUEDANCOR 72,989.3 LIVECOR 110,000.0 PCIB/MAF 19,888.1 National Secretariat 30,000.0 266,402.0

Philippine Coconut Authority LBP 13,804.0

Philippine Tourism Authority PDIC 26,621.9

Philippine Rice Research Institute ACEF 17,006.5

Quedan and Rural Credit Corporation LBP-Syndicated Loan 3,000,000.0 EPCIB-Syndicated Loan 2,000,000.0 Multi-Series Bond 1,500,000.0 Corporate Notes 750,000.0 Department of Agriculture 1,889,218.0 Agricultural Credit Policy Council 1,187,553.7 Department of Agrarian Reform 150,000.0 National Dairy Corporation 35,900.0 2nd Congressional District of South Cotabato 500.0 Provincial Government of Aklan 500.0 10,513,671.7

ZNAC Rubber Estate Corporation NABCOR - 1990 283.5 NABCOR - 1993 192.5 HSDC - March 2004 5,000.0 5,476.0

Sub-total 18,811,282.7


Philippine Amusement and Land Bank of the Philippines 268,002.5 Gaming Corporation Philippine National Bank 265,026.5

PAGCOR Provident Fund 166,787.0 Sub-total 699,816.0

TOTAL DOMESTIC LOANS 551,365,705.3

Note: 1 Consist of current and long-term loans 2 Difference between totals and sum of components is due to rounding off

321

Schedule 3

National Food Authority 12,921,244.4 National Housing Authority 1,630,000.0 Philippine Health Insurance Corporation 750,200.0 National Electrification Administration 823,566.0 National Home Mortgage Finance Corporation 505,000.0 Philippine Rice Research Institute 240,000.0 Philippine Childrens Medical Center 226,000.0 Philippine Coconut Authority 211,330.0 Lung Center of the Philippines 207,560.0 National Kidney and Transplant Institute 185,618.2 Philippine National Railways 181,039.8 Philippine Heart Center 159,603.3 Cultural Center of the Philippines 133,184.7 National Tobacco Administration 113,902.2 Center for International Trade Expositions and Missions 93,000.0 Freeport Service Corporation 72,000.0 Philippine Convention and Visitors Corporation 64,800.0 National Dairy Corporation 52,200.0 Cagayan Economic Zone Authority 40,000.0 Philippine Institute of Traditional and Alternative Health Care 40,000.0 Philippine Fisheries Development Corporation 38,860.0 Sugar Regulatory Administration 35,000.0 Zamboanga City Special Economic Zone Authority 30,000.0 Development Academy of the Philippines 28,069.0 Light Rail Transit Authority 16,545.1 Philippine Institute for Development Studies 15,000.0 Cottage Industry Technology Center 13,000.0 People's Television Network, Incorporated 7,973.4 Natural Resources Development Corporation 7,052.4 Corregidor Foundation, Incorporated 385.0 Partido Development Authority 1,000.0 Philippine Commission on the Promotion of Sports Scuba Diving 449.8

TOTAL 18,843,583.2

Difference between totals and sum of componebts is due to rounding off

GOCCs Amount

GOCCs that Received Subsidy from National GovernmentCalendar Year 2005(in thousand pesos)

322

Schedule 4

Amount Percent

Financial

1998 450.6 - -1999 582.4 131.8 29.3 2000 560.9 (21.5) (3.7) 2001 593.6 32.7 5.8 2002 904.8 311.2 52.4 2003 1,182.8 278.0 30.7 2004 1,779.7 596.9 50.5 2005 1,255.2 (524.5) (29.5)

Public Utilities

1998 1,204.6 - -1999 2,049.0 844.4 70.1 2000 2,499.7 450.7 22.0 2001 1,705.1 (794.6) (31.8) 2002 1,933.5 228.4 13.4 2003 8,309.4 6,375.9 329.8 2004 673.1 (7,636.3) (91.9) 2005 1,021.2 348.1 51.7

Industrial and Area Dev't. and Regulatory

1998 90.7 - -1999 118.6 27.9 30.7 2000 75.6 (43.0) (36.3) 2001 58.7 (16.9) (22.4) 2002 877.4 818.7 1,394.7 2003 680.9 (196.5) (22.4) 2004 838.7 157.8 23.2 2005 1,808.0 969.3 115.6


1998 2,059.7 - -1999 1,955.4 (104.3) (5.1) 2000 2,066.1 110.7 5.7 2001 776.5 (1,289.6) (62.4) 2002 1,852.6 1,076.1 138.6 2003 1,824.5 (28.1) (1.5) 2004 5,694.9 3,870.4 212.1 2005 13,756.2 8,061.3 141.6


1998 548.7 - -1999 662.4 113.7 20.7 2000 1,034.7 372.3 56.2 2001 768.9 (265.8) (25.7) 2002 1,103.1 334.2 43.5 2003 1,026.1 (77.0) (7.0) 2004 990.3 (35.8) (3.5) 2005 1,003.0 12.8 1.3


Annual Growth in Subsidy From National Government(in million pesos)

Annual GrowthCluster Year Total

323

Schedule 5

Total Marketable Securities

Other Short-Term Investments

Current portion of receivables

Grand Total 304,040,729.8 19,318,838.0 22,249,260.8 24,756,781.3 Cluster 1 264,337,768.3 25,000.0 2,589,678.7 24,419,259.5

LBP 14,368,349.0 - - - LBRDC 8,328.3 - 8,328.3 - PCFC 4,473.2 - 4,473.2 - LIBI 66,589.5 - 66,589.5 - DBP 35,582,456.0 - - 24,415,532.0 DDCI 3,727.5 - - 3,727.5 DBP-MC 37,624.7 25,000.0 12,624.7 - IGLF 2,468,665.1 - 2,468,665.1 - CB-BOL 28,998.0 - 28,998.0 - BSP ¹ 211,768,557.0 - - -

Cluster 2 15,709,868.5 846,212.5 14,863,656.0 -

MPCP 15,947.4 - 15,947.4 - GSIS Mutual Fund 298,167.9 298,167.9 - - PHIC 14,783,340.9 - 14,783,340.9 - PCIC 10,909.1 - 10,909.1 - TIDCORP 47,704.3 - 47,704.3 - NDC 415,639.1 415,639.1 - - PIA 77,576.5 77,576.5 - - FCIEI 7,649.3 7,649.3 - - PRC 436.2 - 436.2 - SBGFC 33,751.7 33,751.7 - - NMEC 12,000.0 12,000.0 - - BLCI 1,428.1 1,428.1 - - PITC-PHARMA 5,318.0 - 5,318.0 -

Cluster 3 22,968,894.1 18,447,625.5 4,183,746.7 337,521.8

LWUA 369,718.4 32,196.6 - 337,521.8 NPC 17,778,145.3 17,778,145.3 - - PNOC - Main 222,340.0 - 222,340.0 - PNOC - DMC 26,914.0 26,914.0 - - PNOC - EC 549,545.5 549,545.5 - - PNOC -EDC 3,961,406.7 - 3,961,406.7 - PNOC - STC 60,824.1 60,824.1 - -

GOCC

GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONSSchedule of Cash Equivalents in the Statement of Cash Flows

(in thousand pesos)December 31, 2005

324

Total Marketable Securities

Other Short-Term Investments

Current portion of receivables GOCC

GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONSSchedule of Cash Equivalents in the Statement of Cash Flows

(in thousand pesos)December 31, 2005

Cluster 4 707,250.0 - 603,978.8 -

CPA 102,335.2 - 102,335.2 - PADC (316.3) - (316.3) - BCDA 355,672.8 - 355,672.8 - BCDA-MHI 60,893.0 - 60,893.0 - NLRC 61,909.0 - 61,909.0 - PPMC 18,689.0 - 18,689.0 - LLDA 4,796.1 - 4,796.1 - PSC 103,271.2 - - -

Cluster 5 254,297.9 - 8,200.5 -

PCA 79,975.4 - - - FTI 8,200.5 - 8,200.5 - NDA 53,613.2 - - - KKK-PCA 27,070.6 - - - CITEM 66,692.4 - - - CFI 0.0 - - - PITC 0.0 - - - PCVC 0.0 - - - HSDC 18,745.8 - - -

Cluster 6 62,651.1 - - -

OWWA 30,847.6 - - - CCP 31,803.5 - - -

1 This includes the highly liquid foreign reserve assets of the BSP and local currency financial assets that arise from the BSPs management of the National Government account. This also includes other

foreign and local demand deposits with other financial institutions and revolving fund in the form of receivables from accountable BSP employees.

325

Due from BSP/Other banks

Treasury Bills/Bonds

Investments in Securities Others

Grand Total 25,535,273.0 345,327.3 66,692.4 211,768,557.0 Cluster 1 25,535,273.0 - - 211,768,557.0

LBP 14,368,349.0 - - - DBP 11,166,924.0 - - - BSP ¹ - - - 211,768,557.0

Cluster 4 - 103,271.2 - -

- - - - - PSC - 103,271.2 - -

Cluster 5 - 179,405.0 66,692.4 -

PCA - 79,975.4 - - NDA - 53,613.2 - - KKK-PCA - 27,070.6 - - CITEM - - 66,692.4 - HSDC - 18,745.8 - -

Cluster 6 - 62,651.1 - -

OWWA - 30,847.6 - - CCP - 31,803.5 - -

1 This includes the highly liquid foreign reserve assets of the BSP and local currency financial assets that arise from the BSPs management of the National Government account. This also includes other

foreign and local demand of deposits with other financial institutions, revolving fund in the form of receivables from accountable BSP employees.

GOCC

(in thousand pesos)

GOVERNMENT OWNED AND/OR CONTROLLED CORPORATIONSSchedule of Cash Equivalents in the Cash Flow Statements

December 31, 2005

326

2005 annual financial report of the government … · government-owned and/or controlled...

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