Unaudited SBMA Financial Statement
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Transcript of Unaudited SBMA Financial Statement
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UNAUDITED SBMA
FINANCIAL STATEMENT
December 31, 2015 & 2014
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BALANCE SHEETS [NOVEMBER 30, 2015 & 2014]
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 2
2015 2014
ASSETS
Current Assets
Cash P 2,759,175,879 P 1,996,451,020
Receivables (net) 219,107,319 247,631,036
Inventories 107,844,169 110,489,101
Miscellaneous Assets 12,596,416 10,421,359
Total Current Assets P 3,098,723,783 P 2,364,992,515
Non-Current Assets
Investments P 842,125,526 P 603,291,873
Receivables (net) 260,636,945 305,186,939
Property, Plant and Equipment (net) 24,583,771,934 24,975,396,551
Other Assets 450,295,895 361,733,130
Total Non-Current Assets P 26,136,830,300 P 26,245,608,493
TOTAL ASSETS P 29,235,554,083 P 28,610,601,008
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BALANCE SHEETS [NOVEMBER 30, 2015 & 2014]
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 3
LIABILITIESCurrent Liabilities
Payables & Accrued Expense P 195,072,089 P 168,978,084
Loans Payable 325,906,622 302,712,274
Accrued Interest 18,853,239 20,119,742
Deferred Credits to Income- Cash 49,334,329 53,898,597
Deferred Credits to Income- Non Cash 67,113 39,460
Dividend Payable
Security Deposits & Advance Rental 222,381,234 202,912,228
Trust Liabilities 384,309,680 351,939,427
Total Current Liabilities P 1,195,924,305 P 1,100,599,812
Non-Current Liabilities
Other Payables
Payables & Accrued Expense P 170,417,668 P 159,455,127
Loans Payable - net of current portion 6,321,613,866 6,185,160,078
Deferred Credits to Income- Cash 2,649,312,846 2,639,670,904
Deferred Credits to Income- Non Cash 332,235,890 312,287,456
Security Deposits 520,651,546 498,745,085
Total Non-Current Liabilities P 9,994,231,816 P 9,795,318,650
TOTAL LIABILITIES P 11,190,156,121 P 10,895,918,462
STOCKHOLDERS' EQUITY 18,045,397,961 17,714,682,546
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 29,235,554,083 P 28,610,601,008
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INCOME STATEMENT [NOVEMBER 30, 2015 & 2014]
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 4
YTD 2015 YTD 2014
REVENUES
Leases P 1,342,240,104 P 1,269,238,055
Port Services 933,582,744 746,717,584
Tourism Services 12,631,135 14,238,490
Other Operating Income 466,195,838 411,417,307
TOTAL REVENUES P 2,754,649,821 P 2,441,611,436
EXPENSES
Manpower Services - PS P 266,367,799 P 280,140,704
Maintenance and Other Operating Expenses 784,285,439 638,498,898
TOTAL EXPENDITURES P 1,050,653,238 P 918,639,603
INCOME (LOSS) FROM OPERATIONS P 1,703,996,583 P 1,522,971,834
OTHER INCOME (EXPENSES)
Interest Income 65,108,200 69,536,519
Interest on Loans (81,821,164) (83,662,140)
Guarantee Fee and Other Charges (54,936,970) (61,620,427)
INCOME (LOSS) FROM OPERATIONS BEFORE DEPRECIATION, FOREX P 1,632,346,649 P 1,447,225,786
LOSS/GAIN & TAX
Depreciation Expense (453,938,591) (457,007,906)
Gain (Loss) on Foreign Exchange (74,609,574) 774,856,572
INCOME (LOSS) BEFORE INCOME TAX P 1,103,798,484 P 1,765,074,452
INCOME TAX 85,922,246 76,139,035
NET LOSS P 1,017,876,238 P 1,688,935,417
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CASH FLOW STATEMENT [NOVEMBER 30, 2015 & 2014]
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 5
2014 2013
Cash Flows From Operating Activities:
Cash inflows P 3,124,390,909 P 2,979,518,598
Cash outflows (1,508,499,151) (1,441,037,026)
Net cash from (used in) operating activities P 1,615,891,758 P 1,538,481,571
Cash Flows From Investing Activities:
Cash inflows P 16,000,000 P 195,726,556
Cash outflows (251,619,817) (380,869,739)
Net cash from (used in) investing activities P (235,619,817) P (185,143,183)
Cash Flows From Financing Activities:
Cash inflows P 107,584,181 P 795,901,449
Cash outflows (843,916,934) (1,276,639,788)
Net cash from (used in) financing activities P (736,332,753) P (480,738,340)
Effect of Exchange Rate Changes on Cash P 118,785,671 P (28,948,232)
Net (Decrease) Increase in Cash P 762,724,859 P 843,651,817
Cash at Beginning of Year 1,996,451,020 1,152,799,203
Cash at End of Year P 2,759,175,879 P 1,996,451,020