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.)

20172016
IncomePhp 29,213,520Php 13,594,528
Expenses
   Project Expenses23,195,68810,025,176
   Administrative Expenses2,905,9202,371,070
Total Expenses26,101,60812,396,246
Excess of income over expenses Php 3,111,912Php 1,198,282

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Statements of Financial Position

As at December 31, 2017 and 2016

20172016
ASSETS
Current Assets
   Cash and cash equivalentsPhp 6,008,958Php 4,736,570
   Project receivables3,688,0094,142,388
   lnventories3,195,6622,935,579
Total current assets12,892,62911,814,537
Noncurrent Assets
   Property and equipment, net6,665,4324,442,906
   Intangible asset, net25,08333,683
   Other noncurrent assets345,379244,199
Total noncurrent assets7,035,8944,720,788
TOTAL ASSETSPhp 19,928,523 Php 16,535,325
LIABILITY AND FUND BALANCE
Current liability
   Accruals and government laibilitiesPhp 417,491Php 136,205
Fund balance19,511,03216,399,120
TOTAL LIABILITY AND FUND BALANCEPhp 19,923,523Php 16,535,325

 

Annual Report

Audited Financial Statement