GONZAGA WATER DISTRICT
DETAILED STATEMENT OF FINANCIAL POSITION
As of December 31, 2015
(With comparative figures for 2014)
2015
2014
ASSETS AND OTHER DEBIT ACCTS
CURRENT ASSETS
Cash
Cash Collecting - Officer
₱
Working Fund
Accounts Receivable - Customers
Accounts Receivable - Meter Maintenance
Advances to Officers & Employees
1,116.38
1,029.50
3,971,802.91
1,537,737.65
₱
4,051,486.54
₱
1,539,883.53
₱
1,796,001.82
6,490.56
₱
1,924,958.47
Allowance for Doubtful Accounts
Accounts Receivable - Net
Other Receivables
₱
-
Cash In Bank - Local Currency
Total
Total Cash
Receivable Accounts
79,683.63
(34,368.26)
(324,066.55)
₱
1,768,124.12
₱
1,600,891.92
₱
246,905.37
₱
292,386.71
Receivable/ Disallowances / Charges
Other Receivables - JEMA
54,323.00
100.00
68,423.00
Other Prepayments - Summons
25,234.80
25,234.80
Total Other Receivables
₱
326,563.17
₱
386,044.51
Office Supplies Inventory
₱
190,462.83
₱
189,545.53
Inventories
Fuel, Oil and Lubricants
-
-
Chemicals and Filtering Supplies Inventory
70,001.39
92,501.39
Maintenance Supplies Inventory
11,305.00
11,305.00
Service Connection Materials Inventory
494,807.26
491,499.28
Transmission and Distribution Materials Inventory
255,730.72
267,007.72
75,789.00
113,589.00
Other Inventories-Meter
Total Inventories
TOTAL CURRENT ASSETS
₱
1,098,096.20
₱
1,165,447.92
₱
7,244,270.03 ₱
4,692,267.88
₱
485,515.00
₱
190,015.00
₱
485,515.00
₱
190,015.00
₱
2,110,488.43
PROPERTY PLANT AND EQUIPMENT
Land and Other Improvements
Land
Land Improvements
Accumulated Depreciation-land Improvements
Total Land and Other Improvements
Plant, Buildings and Structures (UPIS)
Wells
2,110,488.43
Accumulated Depreciation-Wells
Pumping Station 1 and 2
Accumulated Depreciation- Pumping Station 1 and 2
Reservoir and Tanks
Accumulated Depreciation-Reservoir and Tanks
Transmission and Distribution Mains
Accumulated Depreciation-Transmission and Distribution
Services
1,110,353.39
(615,202.44)
(569,018.28)
1,970,286.35
108,561.35
(104,377.98)
(62,966.12)
19,006,396.55
11,844,445.55
(2,975,497.26)
(2,588,624.13)
291,747.84
(294,721.48)
579,740.35
Accumulated Depreciation-Meters
627,440.35
(160,531.00)
Fire Hydrants
Accumulated Depreciation-Fire Hydrants
Meter Installation
(151,443.11)
203,350.00
2,350.00
(12,060.00)
-
372,952.52
Accumulated Depreciation-Meter Installation
Buildings and Other Structures
1,110,353.39
(294,721.48)
Meters
Total Plant, Buildings and Structures
(812,799.81)
291,747.84
Accumulated Depreciation-Services
Total
(877,499.97)
₱
(15,900.00)
₱
20,589,525.30
107,952.52
-
₱
11,723,766.50
Pumping Station- Structure & Improvement
₱
Accumulted Depreciation-Pumping Station
Total
Total Buildings and Other Structures
564,636.50
5,337.00
(21,485.70)
-
₱
543,150.80
₱
5,337.00
₱
324,267.64
₱
324,267.64
Equipment and Machinery
IT Equipment
Accumulated Depreciation-IT Equipment
(241,551.00)
Office Equipment
Accumulated Depreciation-Office Equipment
Motor Vehicle
69,920.77
23,953.00
(9,489.67)
(3,206.25)
100,000.00
Accumulated Dep'n.-Motor Vehicle
(200,237.88)
(18,000.00)
100,000.00
(9,000.00)
Other Machinery and Equipment
Power Production Equipment
Accumulated Depreciation-Power Production Eqpt.
Pumping Equipment
Accumulated Depreciation-Pumping Equipment
Water Treatment Equipment
Accumulated Depreciation- Water Treatment Eqpt.
₱
1,279,611.32
852,421.32
(664,775.79)
(570,401.87)
2,277,092.60
2,192,114.60
(1,667,295.20)
(1,554,954.29)
177,644.56
117,644.56
(17,982.96)
(14,382.96)
Communication Equipment
82,813.22
Accumulated Depreciation-Communication Eqpt.
Tools, Shop and Garage Equipment
Accumulated Depreciation-Tools, Shop and Garage Eqpt.
Electro Mechanical Equipment
Accumulated Dep'n.-Electro Mech.Eqpt.
77,578.22
(52,953.88)
(52,325.64)
216,305.00
162,197.00
(116,932.08)
(110,452.03)
3,643,681.95
1,455,431.95
(1,235,768.91)
(1,058,826.78)
Furniture and Fixtures
Furniture and Fixtures
₱
Accumulated Depreciation-Furniture and Fixtures
Total Equiment & Machinery, Furniture & Fixtures
Construction-in-Progress
Trans & Dist. Mains,Rehabilitation of
206,909.50
(165,024.34)
₱
Well, Construction of Pumphouse.
TOTAL PROPERTY, PLANT AND EQUIPMENT
230,309.50
4,211,872.73
(150,545.46)
₱
1,554,782.39
1,788,184.63
14,193,813.39
₱
27,384,846.22
₱
27,901,116.52
₱
114,096.19
₱
114,096.19
₱
114,096.19
34,743,212.44
OTHER ASSETS
Other Assets
TOTAL OTHER ASSETS
TOTAL ASSETS AND OTHER DEBITS
114,096.19
₱
32,707,480.59
GONZAGA WATER DISTRICT
DETAILED STATEMENT OF FINANCIAL POSITION
As of December 31, 2015
(With comparative figures for 2014)
2015
2014
LIABILITIES, EQUITY AND OTHER CREDIT ACCOUNTS
CURRENT LIABILITIES
Payable Accounts
Due to Staff and Employees
Due To GWD Employees-SSS
₱
Legal Fees
Due to National Government Agencies(BIR)
Other Payables
Due to GSIS
Due to RBG
₱
2,078.31
Other Prepayments-Cash Deposit
Total Payable Accounts
Inter-Agency Payables
118.00
118.00
2,078.31
128,172.00
138,172.00
₱
130,368.31
₱
140,368.31
₱
31,831.11
₱
31,831.11
87,747.05
(19,380.57)
-
45,663.55
(19,580.57)
8,238.07
Due to Philhealth
312.50
312.50
Due to Home Development Mutual Fund
(5,692.03)
(11,762.29)
Other Current Liabilities
45,663.55
87,747.05
Total Inter-Agency Payables
₱
140,481.61
₱
142,449.42
Current Portion on Long Term Debt
₱
9,589,634.26
₱
7,916,607.65
Loans Payable
Interest Payable
11,462,807.77
Loan Penalty Payable
Toal Loans Payable
10,838,027.56
1,878,828.12
1,878,828.12
₱
22,931,270.15
₱
20,633,463.33
₱
23,202,120.07
₱
20,916,281.06
₱
(3,626,773.73)
₱
(4,918,578.18)
₱
14,749,088.17
₱
16,422,114.78
TOTAL NON-CURRENT LIABILITIES
₱
11,122,314.44
₱
11,503,536.60
TOTAL LIABILITIES
₱
34,324,434.51
₱
32,419,817.66
₱
322,832.93
₱
TOTAL CURRENT LIABILITIES
NON-CURRENT LIABILITIES
Capital
Loans Payable
DEFERRED CREDITS
Customers Deposit
287,662.93
Customers Deposit - Meter Maintenance
95,945.00
TOTAL DEFERRED CREDITS
₱
418,777.93
TOTAL LIABILITIES, EQUITY AND OTHER CREDIT ACCOUNTS
₱
34,743,212.44
-
₱
287,662.93
₱ 32,707,480.59
-
GONZAGA WATER DISTRICT
Detailed Statement of Profit or Loss
For The Period December 31, 2015
(With comparative figures for 2014)
2014
BUSINESS AND SERVICE INCOME
Generation,Trans. & Dist. Income
Tax/Rebates (Rent/Lease Income)
Senior Citizen Discount
Interest Income
Sales Revenue
Fines and Penalties-Service Income
TOTAL BUSINESS AND SERVICE INC.
LESS : OPERATING EXPENSES
PERSONAL SERVICES
Salaries and Wages
Personnel Economic Relief Allow.
Other Personnel Benefits- Rice Allow.
Representation Allowance
Transportation Allowance
Clothing and Uniform Allowance
Honoraria
Mid / Year End Bonus
Cash Gift
Personnel and Other Benefits (Longevity)
Overtime and Night Pay
Other Bonuses and Allowances
Vacation and Sick Leave Benefits (Monetization)
GSIS Contributions
₱
₱
₱
2014
9,677,979.22
(25,328.58)
(19,199.03)
12,594.43
136,896.60
1,650.48
9,784,593.12
₱
2,865,964.39
380,091.06
24,000.00
58,750.00
58,750.00
80,000.00
171,072.00
236,718.00
80,000.00
₱
2,939.57
110,000.00
273,070.39
289,033.92
₱
8,721,103.49
(714.28)
(12,283.92)
7,380.86
204,434.41
5,000.00
8,924,920.56
2,607,482.11
380,636.28
24,000.00
50,000.00
50,000.00
70,000.00
162,432.00
236,318.00
80,000.00
15,000.00
11,223.10
100,000.00
89,914.05
253,520.88
Pag-ibig Contributions
Philhealth Contributions
ECC Contributions
TOTAL PERSONAL SERVICES
₱
OTHER OPERATIONS EXPENSES
Office Supplies Expense/Other Office Supplies
₱
Fuel, Oil and Lubricants Expenses (Readers,Plumbers etc.)
Maintenance and Supplies Expense
Chemicals and Filtering Materials
Travel Expenses
Training Expenses
Electricity
Fuel (Multicab)
Postage and Deliveries
Telephone Expenses-Mobile
Internet Expense
Cable Expenses
Printing Expenses
Advertising Expenses
Insurance Premiums (Bond)
Representation expenses
Rent/Lease Expenses
Power/Fuel Purchased for Pumping
Extraordinary and Miscellaneous Expenses
Membership Dues and Contribution to Organizations
Donations and Contributions
General and administrative Exp.
Other Professional Services/Other Outside Services
Employed
Auditing Services
19,200.00
32,512.50
14,400.00
4,696,501.83
144,185.65
60,961.90
99,760.00
78,214.00
158,466.72
28,357.55
32,231.81
7,210.00
23,333.63
20,489.00
3,350.00
3,570.00
(1,000.00)
2,962.50
36,062.00
32,060.00
1,132,124.14
138,357.84
9,119.00
500.00
30,929.54
₱
₱
19,200.00
30,362.50
14,390.00
4,194,478.92
66,839.00
97,265.91
15,625.00
66,635.00
91,068.45
123,200.00
11,778.81
1,500.00
2,600.00
3,440.00
8,850.00
1,050.00
7,300.00
2,962.50
37,767.00
30,000.00
1,348,394.86
95,871.46
50,020.00
5,667.00
400.00
75,425.00
Legal Services
Taxes, Duties and Licenses
Computer Data Processing
General Services
Other Maintenance & Operating Expenses
TOTAL OTHER OPERATIONS EXPENSES
35,150.00
500.00
₱
DOUBTFUL ACCOUNTS EXPENSE
₱
DEPRECIATION EXPENSES
Depreciation-Land Improvements
Depreciation- Well 1 and 2
₱
Depreciation- Pump Station 1 & 2
Depreciation- Reservoir and Tanks
Depreciation- Trans. And Dist Mains
Depreciation- Services
Depreciation- Meters
Depreciation-Meter Installation
Depreciation-Hydrants
Depreciation-Pumping Plant Structures & Improvements
Depreciation- Office Equipment
Depreciation- IT Equipment
Depreciation- Land Transport Equipment
Depreciation-Power Prodn Eqpt.
Depreciation- Pumping Equipment
Depreciation- Water Treat. Eqpt.
Depreciation- Comm. Eqpt.
Depreciation- Tools & Shop Eqpt.
Depreciation- Furniture and Fixture
Depreciation-Electro Mech.Eqpt.
TOTAL DEPRECIATION EXPENSES
₱
900.00
500.00
3,500.00
4,200.00
10,000.00
2,091,095.28
₱
2,148,559.99
(3,537.55)
₱
85,605.97
64,700.16
46,184.16
41,411.86
386,873.13
9,087.89
15,900.00
12,060.00
21,485.70
6,283.42
41,313.12
9,000.00
94,373.92
112,340.91
3,600.00
628.24
6,480.05
14,478.88
176,942.13
1,063,143.57
₱
64,700.16
46,184.16
2,171.28
244,612.30
3,888.21
26,314.56
3,206.25
47,986.62
9,000.00
83,526.99
103,228.68
₱
2,329.53
9,489.12
130,988.88
777,626.74
TOTAL OPERATING EXPENSES
MAINTENANCE EXPENSES
Repair and Maint.-Trans. & Dist.
Repair and Maint.-Land Improvement
Repair and Maint.-Pumping Plant
Repair and Maint.-Wells
Repair and Maint.-Trans. & Dist. Structure
Repair and Maint.-Pumping Eqpt.
Repair and Maint-IT Eqpt.
Repair and Maint-Office Eqpt.
Repair and Maint-Reservoir & Tanks
Repair and Maintenance-Tools Shop and Garage
Repair and Maintenance-Power Production Equipment
Repair and Maint-Office Bldg
Repair and Maint-Land Transport Equipment
Repair and Maint-Fur. And Fixture
TOTAL MAINTENANCE EXPENSES
UTILITY OPERATING INCOME
OTHER INCOME
Grants and Donations
TOTAL INCOME
NET INCOME BEFORE INTEREST
Bank Charges
Interest Expenses
Loan Penalty Charges
NET INCOME (LOSS)
₱
7,847,203.13
₱
7,206,271.62
₱
138,131.85
1,391.51
69,216.00
7,200.00
11,192.00
2,130.00
₱
126,671.13
67,975.01
255,651.08
19,125.00
1,800.00
12,208.00
380.00
6,435.00
200.00
19,650.00
₱
₱
₱
₱
₱
₱
46,475.00
3,225.00
305,246.36
1,632,143.63
1,719.71
624,780.21
1,005,643.71
6,146.00
18,798.12
₱
508,754.34
₱
₱
₱
₱
1,209,894.60
352.04
2,762,357.24
(1,552,814.68)
₱
GONZAGA WATER DISTRICT
Detailed Statement of Changes in Equity
For the Year Ended December 31, 2015
(With Comparative Figures for 2015)
2014
2014
Government Equity
Balance at beginning of the period
₱
Additions (Deductions)
Balance at end of period
Donated Capital
Balance at beginning of the period
Balance at beginning of the period
-
1,129,019.80
₱
1,129,019.80
₱
-
₱
-
-
-
₱
-
₱
-
₱
(6,047,597.98)
₱
(4,494,783.30)
286,160.74
Net Income (Loss) for the period
Total Equity
1,129,019.80
₱
Changes during the period
Balance at end of period
₱
-
Additions (Deductions)
Balance at end of period
Retained Earnings
1,129,019.80
-
1,005,643.71
(1,552,814.68)
₱
(4,755,793.53)
₱
(6,047,597.98)
₱
(3,626,773.73)
₱ (4,918,578.18)
GONZAGA WATER DISTRICT
Detailed Statement of Cash Flows
As of December 31, 2015
(With Comparative Figures for 2014)
2014
Cash Flows from Operating Activities
Cash inflows:
Collection of Water Bills
Collection of Other Water Revenues
Liquidation of Cash Advances/Disallowances
Cash Deposit for Land Titling Reservoir No.2
Cash Deposit by Dayag Construction
SSS-Due To GWD Employees
Penalty on Illegal Connections
Interest Income
Petty Cash Fund / Others / Guarantee Deposit
Total Cash Inflows
Cash Outflows:
Payment of Operating Expenses:
Payroll
Fuel/Power for Pumping
Chemicals
Other Operation and Maintenance Expenses
Remittance of GSIS, Philhealth, Pag-ibig
Remittance of Witholding Tax
Purchased of Materials (169)
Bank Charges
Total Cash Outflows
Total Cash Provided (Used) by Operating Activities
₱
₱
₱
₱
₱
9,743,424.71
554,339.84
1,650.48
12,594.43
10,312,009.46
2014
₱
₱
2,865,964.39
₱
1,132,124.14
99,760.00
2,713,764.08
355,146.42
326,253.71
305,674.00
1,719.71
7,800,406.45
₱
2,511,603.01 ₱
9,564,604.55
458,877.78
12,274.50
7,380.86
10,043,137.69
2,607,482.11
1,348,394.86
66,635.00
2,392,405.27
317,473.38
260,174.06
378,323.00
352.04
7,371,239.72
2,671,897.97
Cash Flows From Investing Activities
Cash Inflows:
Proceeds from Short term investments
Cash Outflows:
Purchase/Construction of UPIS
Total Cash Provided (Used) by Financing Activities
Cash Flows From Financing Activities
Cash Inflows:
Proceeds from Borrowings(Loans Payable)
Construction and Pipelaying of Water Supply Project
Payment of Lot-Reservoir No. 2
Cash Outflows:
Cash Payment of Int. On loans payable and other
Financial Charges
Total Cash Provided (Used) by Financing Activities
Cash Provided by Operating, Investing and Financing Activities
Add: Cash and Cash Equivalents-Beginning
Cash and Cash Equivalents, Ending
₱
-
₱
-
₱
-
₱
₱
₱
₱
₱
₱
-
₱
-
₱
-
₱
2,511,603.01
1,539,883.53
4,051,486.54
₱
₱
₱
₱
1,800,000.00
1,800,000.00
871,897.97
667,985.56
1,539,883.53