2017 Financial Highlights

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2017 Financial Highlights

Statements of Operations

As at December 31, 2017 and 2016

From the report of independent auditors Roxas Cruz Tagle and Co. (formerly Alba, Romeo and Co.)

2017 2016
Income Php 29,213,520 Php 13,594,528
Expenses
   Project Expenses 23,195,688 10,025,176
   Administrative Expenses 2,905,920 2,371,070
Total Expenses 26,101,608 12,396,246
Excess of income over expenses Php 3,111,912 Php 1,198,282

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Statements of Financial Position

As at December 31, 2017 and 2016

2017 2016
ASSETS
Current Assets
   Cash and cash equivalents Php 6,008,958 Php 4,736,570
   Project receivables 3,688,009 4,142,388
   lnventories 3,195,662 2,935,579
Total current assets 12,892,629 11,814,537
Noncurrent Assets
   Property and equipment, net 6,665,432 4,442,906
   Intangible asset, net 25,083 33,683
   Other noncurrent assets 345,379 244,199
Total noncurrent assets 7,035,894 4,720,788
TOTAL ASSETS Php 19,928,523 Php 16,535,325
LIABILITY AND FUND BALANCE
Current liability
   Accruals and government laibilities Php 417,491 Php 136,205
Fund balance 19,511,032 16,399,120
TOTAL LIABILITY AND FUND BALANCE Php 19,923,523 Php 16,535,325

 

Annual Report

Audited Financial Statement