ABC DEVELOPMENT COOPERATIVE

xxx Town, Province

STATEMENTS OF OPERATIONS
For the years ended December 31, 2009 and 2008
(Amounts in Philippine Pesos)
Notes
REVENUES
Income from Credit Operations
Income from Consumer Operations
Income from Service Operations
Income from Production Operations
Income from Marketing Operations
Other Income
TOTAL REVENUES

38
39
40
41
42
43

EXPENSES

44

2009

2008

NET SURPLUS
DISTRIBUTED AS FOLLOWS:
Reserve Fund
Education and Training Fund - local
Due to Union/Federation
Community Development Fund
Optional Fund
Interest on Share Capital Payable
Patronage Refund Payable

45
45
45
45
45
45
45

NET SURPLUS AS DISTRUBUTED

See accompanying notes to financial statements.

NOTE: PLEASE ALWAYS CROSS REFER TO THE APPLICABLE NOTES