CITY GOVERNMENT OF CABANATUAN

STATEMENT OF FINANCIAL POSITION

As of December 31, 2013
(With Comparative Figures for CY 2012)
December
2013

2012

AS S E T S
Current Assets
Cash (Note 5)
Receivables (Note 6)
Inventories (Note 7)
Prepayments (Note 8)
Other Current Assets (Note 9)
Total Current Assets

Property, Plant and Equipment-net

of depreciation (Note 10)
Land
Land Improvements
Buildings
Office Equipment, Furniture & Fixtures
Machineries and Equipment
Transportation Equipment
Other Property, Plant and Equipment
Public Infrastructures
Construction in Progress
Total Property, Plant and Equipment
Other Assets
TOTAL ASSETS

334,880,175.80
474,440,011.37
4,997,814.74
8,887,652.76
32,129,365.27
855,335,019.94

248,045,098.70
449,604,861.28
4,813,911.10
2,593,048.60
14,938,576.99
719,995,496.67

53,232,764.57
4,753,767.51
151,539,440.58
45,118,991.88
362,671,249.16
47,344,611.65
6,882,518.87
48,352,726.25
973,318,546.86
1,693,214,617.33

52,783,780.96
2,836,384.91
155,982,187.94
48,754,790.58
396,960,233.52
22,227,490.10
7,497,253.67
48,352,726.25
894,025,117.21
1,629,419,965.14

4,629,794.96

4,623,794.96

2,553,179,432.23

2,354,039,256.77

LIAB I LIT I E S AN D E Q U ITY

LIABILITIES
Current Liabilities (Note 11)
Long-Term Liabilities (Note 12)
Deferred Credits (Note 13)
Total Liabilities

267,624,842.44
567,545,544.38
540,430,723.74
1,375,601,110.56

238,672,451.00
637,948,662.29
463,151,817.76
1,339,772,931.05

EQUITY
Government Equity (Note 14)
Government Equity

1,177,578,321.66
1,177,578,321.66

1,014,266,325.72
1,014,266,325.72

TOTAL LIABILITIES AND EQUITY

2,553,179,432.22

(See accompanying Notes to Financial Statements.)

2,354,039,256.77

CITY GOVERNMENT OF CABANATUAN

STATEMENT OF COMPREHENSIVE INCOME
As of December 31, 2013
(With Comparative Figures for CY 2012)

Years Ended December 31

2013
2012
INCOME (Note 15)
Local Income
Permits and Licenses
Service Income
Business Income
Other Income
Total Income

334,270,507.75
18,221,177.34
10,926,105.76
42,568,600.03
521,346,016.48
927,332,407.36

298,787,336.69
17,407,617.15
12,429,463.28
43,902,817.63
484,915,830.19
857,443,064.94

LESS: EXPENSES (Note 16)

Personnel Services
Maintenance and Other Operating Expenses
Financial Expenses
Total Expenses

311,771,613.63
361,285,654.52
45,738,125.62
718,795,393.77

339,463,908.20
330,544,955.05
55,926,950.65
725,935,813.90

OPERATING INCOME

208,537,013.59

131,507,251.04

89,000.00
215,000.00
150,000.00
454,000.00

89,000.00
200,000.00
23,611,319.29
23,900,319.29

LESS: SUBSIDIES
Subsidies to Other LGUs
Subsidies to NGOs/POs
Subsidies to Other Funds
Total
NET INCOME

208,083,013.59

(See accompanying Notes to Financial Statements.)

107,606,931.75

CITY GOVERNMENT OF CABANATUAN

STATEMENT OF CHANGES IN EQUITY
As of December 31, 2013
(With Comparative Figures for 2012)

Years Ended December 31

2013
2012
GOVERNMENT EQUITY AT BEGINNING OF YEAR

RETAINED OPERATING SURPLUS

Current Operations
Prior Years' Adjustment
Transfer to Registry

1,014,266,325.72

208,083,013.59
(7,722,825.60)
(37,048,192.05)
163,311,995.94

GOVERNMENT EQUITY AT END OF YEAR

1,177,578,321.66

(See accompanying Notes to Financial Statements.)

938,550,003.46

107,606,931.75
30,434,894.98
(62,325,504.47)
75,716,322.26
P

1,014,266,325.72

CITY GOVERNMENT OF CABANATUAN

STATEMENT OF CASH FLOWS
As of December 31, 2013
(With Comparative Figures for CY 2012)
Years Ended December 31
2013
Cash Flows from Operating Activities
Cash Inflows
Collection from Local Taxes
Collection from Permits & Licenses
Share from Internal Revenue Collections
Receipts from Services
Business Income
Other Receipts
Total Cash Inflows
Cash Outflows
Payments
To suppliers/creditors
To employees
Other Expenses
Total Cash Outflows
Net Cash from Operating Activities

###
###

Cash Flows from Investing Activities

Cash Outflows:
To Purchase Property, Plant and Equipment
Net Cash From Investing Activities
Cash Flows from Financing Activities
Cash Inflows
From Acquisition of Loan
Cash Outflows
Deposit on Letters of Credit
Documentary Stamps Expense
Other Financial Charges
Payment of Loan Amortization:
-Principal
-Interest Expense/Finance Cost
Net Cash from Financing Activities
Net Increase (Decrease) in cash
Add: Cash at Beginning of Year
Cash Balance at End of Year

###
P

2012

380,177,088.30
22,800,801.94
504,873,900.00
11,706,615.76
42,022,813.93
133,054,730.99
1,094,635,950.92

322,664,696.21
21,432,061.04
471,720,888.00
13,254,647.28
43,632,817.63
173,479,080.65
1,046,184,190.81

320,660,376.06
232,609,356.39
250,669,004.88
803,938,737.33
290,697,213.59

323,711,453.43
355,713,768.32
199,466,254.97
878,891,476.72
167,292,714.09

91,788,570.93
(91,788,570.93)

152,913,392.47
(152,913,392.47)

24,166,550.21

100,666,651.62

4,459.13

650,046.60
500.00

95,082,851.94
41,152,804.70
(112,073,565.56)

151,593,743.95
49,455,878.67
(101,033,517.60)

86,835,077.10

(86,654,195.98)

248,045,098.70

334,699,294.68

334,880,175.80

(See accompanying Notes to Financial Statements.)

248,045,098.70