City of Himamaylan

Consolidated Balance Sheet

As of December 31, 2008
(With Comparative Figures for CY 2007)
ASSETS
2008
Current Assets
122,315,983.87
Cash (Note 5)
P
267,386,956.23
Receivables (Note 6)
1,914,955.00
Inventories (Note 7)
9,164,434.32
Prepayments (Note 8)
Total Current Assets
P
400,782,329.42
Property, Plant and Equipment (net depreciation) (Note 9)
63,828,118.29
Land
P
22,851,059.22
Land Improvements
42,109,913.43
Buildings
30,072,845.24
Office Equipment, Furniture and Fixtures
37,809,218.48
Machineries and Equipment
31,246,671.31
Transportation Equipment
6,253,054.22
Other Property, Plant and Equipment
3,336,240.68
Public Infrastructures
358,144,946.48
Construction in Progress
595,652,067.35
Total Property, Plant & Equipment
13,260,796.42
Other Assets (Note 10)
1,009,695,193.19
TOTAL ASSETS
P
LIABILITIES
Current Liabilities (Note 11)
Long Term Liabilities (Note 12)
Deferred Credits (Note 13)
Total Liabilities

P
P

104,929,087.27
206,542,245.53
1,914,955.00
9,164,434.32
322,550,722.12

24,513,730.78 P
66,083,489.06
176,793,610.73
267,390,830.57 P

37,074,685.49
55,480,900.59
158,068,688.29
250,624,274.37

633,250,644.45

560,497,793.95

112,707,169.69
(3,107,725.12)
(545,726.40)
742,304,362.62
1,009,695,193.19 P

115,070,795.46
(628,739.32)
(41,689,205.64)
633,250,644.45
883,874,918.82

(See accompanying Notes to Financial Statements)

53,155,393.47
23,066,094.59
43,518,639.15
26,529,632.44
40,359,997.61
30,737,419.71
6,381,247.55
3,859,919.88
320,514,955.88
548,123,300.28
13,200,896.42
883,874,918.82

EQUITY (Note 14)

Government Equity, beginning
Add/Deduct:
Retained
CurrentOperating
Operations
Surplus
Prior
Adjustment
Years Adjustments
of Prior Years
Transfers to Registry
Government Equity, End
TOTAL LIABILITIES AND EQUITY

2007

City of Himamaylan
Consolidated Statement of Income and Expenses
For the Year Ended December 31, 2008
(With Comparative Figures for CY 2007)

2008
Income(Note 15)
P
National taxes
Local Taxes
Permits and Licenses
Service Income
Business Income
Other Income
Gain/Loss Accounts
Total Income
P
Less: Expenses (Note 16)
P
Personal Services
Maintenance and Other Operating Expenses
Financial Expenses
Total Expenses
P
P
Net Operating Income
Add:Subsidies from
P
Total
Less:Subsidies to (Note 17)
P
Net Income

16,355.60 P
6,189,389.04
1,336,187.30
296,310.00
1,925,361.93
303,108,962.91
4,044,086.93
316,916,653.71 P

10,805.00
10,401,498.16
1,168,657.32
251,135.00
1,505,579.03
289,582,822.60
302,920,497.11

66,578,847.06
126,038,571.96
4,003,102.27
196,620,521.29
120,296,132.42
120,296,132.42
7,588,962.73
112,707,169.69

60,740,503.19
124,223,407.18
24,085.28
184,987,995.65
117,932,501.46
117,932,501.46
2,861,706.00
115,070,795.46

(See accompanying Notes to Financial Statements)

2007

P
P
P
P

City of Himamaylan
Consolidated Statement of Cash Flows
For the Year Ended December 31, 2008
(With Comparative Figures for CY 2007)

Cash Flow from Operating Activities :

Cash Inflows :
Collection from Taxes
Share from Internal Revenue collections
Other Receipts
Total Cash Inflows
Cash OutFlows :
PaymentsTo Suppliers and Creditors
To Employees
Financial Expenses
Total Cash Outflows
Net Cash Operating Activities
Cash Flow from Investing Activities :
Cash Inflows:
From Collection of Other Income
Total Cash Inflows
Cash OutFlows :
To Purchase of Property , Palnt and Equipment
Total Cash Outflows
Net Cash Investing Activities
Cash Flow from Financing Activities :
Cash Inflows :
From Acquisition of Loans
Total Cash Inflows
Cash OutFlows :
Payment of Loan Amortization
Total Cash Outflows
Net Cash From Financing Activities
Net Increase in Cash
Cash at the Beginning of the year
Cash at the End of the Period

2008

2007

19,609,646.60 P
284,458,633.65
5,655,507.33
309,723,787.58 P

16,013,942.03
275,335,971.67
12,811,870.00
304,161,783.70

P
P

100,498,073.13 P
124,949,508.19
709,795.06
226,157,376.38 P
83,566,411.20 P

146,078,795.51
68,864,713.99
122,491.17
215,066,000.67
89,095,783.03

P
P

13,167.00 P
13,167.00 P

705,103.58
705,103.58

P
P
P

56,603,830.39 P
56,603,830.39 P
(56,590,663.39) P

P
P
P
P
P

9,588,851.21
9,588,851.21
(9,588,851.21)
17,386,896.60
104,929,087.27
122,315,983.87

P
P
P
P
P

77,712,629.48
77,712,629.48
(77,007,525.90)

7,701,500.02
7,701,500.02
(7,701,500.02)
4,386,757.11
100,542,330.16
104,929,087.27