Annex D

(City, Municipality, Province)Statement of Changes in Net Assets/EquityFor the Year Ended December 31, 2016(In thousands of Pesos)

Accumulated Surpluses/(Deficits)

2016 2015Balance at January 1, 2016 xxx xxxAdd (Deduct) Change in Accounting Policy xxx xxx Prior Period Errors xxx xxxRestated Balance xxx xxxAdd (Deduct) Changes in net assets/equity during the yearAdjustment of net revenue recognized directly in net assets/equity xxx xxxSurplus (Deficit) for the period xxx xxxTotal recognized revenue and expenses for the period xxx xxxBalance at December 31, 2016 xxx xxx