Cover Design

Table of Contents Our Cover PPA Mission, Vision and Corporate Values 3 The cover design for 2015 PMO MOC Annual Report revolves around the theme “Positively Driven”. The circle with an arrow symbol was Message of the Port Manager 4 inspired by the electrical symbol “positively driven contact”.

PMO 2015 Performance at a Glance 5 This design reflects the evolving culture of excellence at PMO / . The arrow, which is directed towards the Shipping and Trade Performance 6 center of the circle and hits the ISPS, PSHEMS and ISO 9001:2008 Port Services 8 logos, represents the “drive” that signifies the motivational leadership of PM Isidro V. Butaslac, Jr. that enables the PMO to continually tread Physical Infrastructure Development and and uphold the international standards in port safety & security, health Maintenance 9 and environmental protection, and quality management.

Sustainability, Environment and People 13 The layers of circles with hi-tech accent design symbolizes the ripple effect of the highly motivated PMO where the standards transcend not Financial Performance 16 only in papers but are embodied by the PMO workforce in their day to day activities and significantly felt by the customers through improved Financial Statements 18 delivery of port related services, provision of appropriate port infra- structure projects, and innovative, technology-based systems and Port Statistics 26 procedures. PMO Executive Officers 27 Further, the layers of circles, which simulates a camera shutter, imply a well-focused and far-reaching effect of the developmental and reengi- neering progressions achieved through the collective and shared vision of PPA in 2015 and beyond. 2 PMO Misamis Oriental / Cagayan de Oro

2015 Annual Report 3

Let’s play the game “I know, you know, we all ter being envisioned as an alternate port of the Baseport know!” The essence of this simple verse is transparency in where tramping vessels loaded with cargoes coming direction and closely knitted coordination and timely ac- from or destined to the western side of Cagayan de Oro tion. This seems to be the panacea that has driven PMO City may be diverted to effectively decongest the Base- MOC to exceed the goals set for 2015, its milestone year. port as well as declog the heavy vehicular traffic on the Through enhanced coordination among employees and city thoroughfares. These, along with five (5) other engi- customers, the PMO marked 40 years of public service by neering interventions, form part of the PMO’s Seven (7) leaping beyond frontiers and conquering new horizons. Pillars of Development for CY 2015-2016 which has been duly deliberated and endorsed through resolutions by the This is evident in the PMO’s remarkable revenue Port and Maritime Management Advisory Council performance reaching more than Php 265 million in 2015, (PMMAC) to PPA Management in order to address issues a 36.43% increase over the previous year’s earnings of on port congestion, safety, security, productivity, passen- roughly Php 195 million. Component in this achievement ger comfort and convenience. were the increase in collection of passenger terminal fees at the Terminal Ports due to the operationalization of the At 40 years old, the PMO remained solid and PTBs and revenues from private ports operations, com- steady and constantly evolving. Responding to prising Php 9.1 million (540.61% increase from 2014) and customers’ needs for infrastructure and facilities required Php 24 million (33.91% increase from 2014), respectively. by benchmarked standards coupled with advancements in technology, the PMO embarked on the Seven (7) pillars The critically deficient and high power demand of development to stay attuned with the changing times industry in this part of the country provided the impetus to better serve the needs of the public. We have ex- for increases in foreign shipcalls and imports, which alto- panded the backup area at Berth 12-13 to increase the gether boosted our financial performance and at the same Baseport’s cargo holding capacity. Meanwhile, a 45-meter raised the Baseport’s berth occupancy rate to an average berth expansion is nearing completion by early 2016, with of 95%. This prompted the PMO to push for the needed another phased extension of berth and backup areas for development and construction of the proposed the succeeding years, which will directly connect to the Laguindingan and Opol Ports in Misamis Oriental, the lat- newly completed City Coastal Road through a new portal to be named Port Gate 6.

To ensure productive use of available facilities at the Baseport, we have consolidated some container yards (Areas I and J) to give way for RTG operations with the end view of optimizing vessel/cargo movements and in- creasing real estate income, and redefined the delinea- tion and use of certain areas (stuffing area transferred from Area L to Area F & G) in order to strengthen enforce- ment of safety and security policies. Incidentally, revenue from leases increased by 85.87% or roughly 11.76 million from 2014 revenue on rentals. In 2015, Oroport Cargo Handling Services, Inc. operationalized its new Open Transit Shed located at Berth 12-13, Port of CDO and pur- chased additional stackers/forklifts.

With the guidance of the Office for Transporta- tion Security, we have intensified our security measures

4 PMO Misamis Oriental / Cagayan de Oro

by establishing physical and access controls at critical areas and instituted Standard Operating Procedures (SOPs) to en- sure compliance of all customers and port users with the appli- cable port and security policies. This strengthening of the secu- rity posture of the ports under PMO MOC, attained through vibrant cooperation among various law enforcement and civic organizations, has raised the confidence of the riding public and modestly increased passenger traffic to 12%.

All throughout the year, the Baseport of Cagayan de Oro has undergone and passed several audits for ISPS Code, QMS and PSHEMS implementation. More than just the certifi- cations, these systems have helped improve the overall management of the port and ingrained the culture of excel- lence among the employees. The results translated into ap- proval by the customers, including other government offices, who gave their positive comments.

With the PPA Rationalization Plan in place, the PMO has now strengthened its different divisions with the comple- ment of the newly promoted managers and with the additional personnel from the former PDO . The PMO has also initiated the automation of certain administrative pro- cesses including payroll, communications, supply and attendance managements through local development of MIS applications for improved efficiency and productivity among the employees. Henceforth, synergy of people and systems came into place and drove the PMO to surpass its targets.

With all these achievements, through the aid of the Divine Providence, I sincerely thank all the PMO Employees, its Outsourced and Security Service Personnel, the Cargo Han- dling and Ancillary Service Operators, and the Porterage and Pilotage Service Providers, for their hard work, untiring dedica- tion and commitment to public service amidst the trying times. Thank you for playing the game with me. However, the game isn’t over yet. Let’s move forward to the next level and continue to confront new challenges and welcome new oppor- tunities to better serve the public. Likewise, let me extend my gratitude to PPA Management for their relentless support and guidance to the PMO in all its programs and projects.

Mabuhay ang PPA! Mabuhay ang PMO Misamis Oriental/Cagayan de Oro! Mabuhay tayong lahat!

ISIDRO V. BUTASLAC, JR. Port Manager

2015 Annual Report 5

Remarkably, foreign trade increased by 23%, and this is attributed to the 67% increase in import car- goes at the Baseport, although export dropped by 1%. The substantial volume of structural pipes and steel products discharged at the Port of Cagayan de Oro due Trade Performance to the ongoing construction and installation of power plants in the region contributed tremendously to the The Philippine economic growth for 2015 at 5.8 increase in foreign trade in 2015. percent was mainly driven by a rebound in the agricul-

ture sector and increased investments in industry, ac- cording to the Philippine Statistics Authority. This was Container (in TEUs) manifested by the 7% increase in total cargo handled by the ports under PMO MOC. Of the total cargo handled in 2015, 61% were conventional cargoes and 39% were containerized. For Investments in power plant industries in the the Baseport, 62% were containerized, and 38% were region contributed to the significant increase in vessel handled in conventional operation. There were 237,720 traffic and cargo throughput, particularly on importa- tions. Local businesses appreciated the convenience TEUs handled in 2015 compared to 208,632 TEUs and benefits of transporting cargo thru containers as handled in 2014. demonstrated by the surge of domestic container car- goes. About 39% of total cargoes (in MT) handled by the ports were containerized. Meantime, passenger 39% traffic managed to rise despite competition from low airfares. 61% Cargo Throughput

0.4% 0.2%

37.1% Conventional Containerized Baseport Passengers Terminal Ports

Other Gov't. Ports During the year, total number of passengers who availed of water transportation increased by 12% or Private Ports 62.3% 269,866 as compared to 2014. Of the total passengers, 51% or 1.268 million were catered at the Terminal Ports of and Benoni in Province; 47% were passengers at the Baseport of Cagayan de Oro; Total cargo increased by 7% during the year or while 2% were catered at the Other Government Ports 0.554 million metric tons higher as compared to of Balbagon & Guinsiliban in Camiguin Province, previous year’s total cargo of 7.883 million metric tons. respectively. This signifies a more intense movement of cargo passing through the ports under the administrative Notably, the increase in passenger traffic is at- jurisdiction of PMO MOC. Of the total cargo through- tributed to the resumption of trips of regular-run pas- put of 8.437 million metric tons in 2015, 80% were do- senger vessels at the Ports of Guinsiliban and Balbagon mestic cargoes while 20% were foreign cargoes. The in Camiguin Province plying the Jagna, Bohol route and bulk of these cargoes or 62.3% were handled in the vice-versa, and from the Port of Guinsiliban to the Port Baseport while 37.1% were handled at the private ports. of Balingoan in Misamis Oriental, a complementary port The remaining 0.6% represents the cargo volume and vice-versa, respectively. handled at the Terminal and Other Government Ports.

6 PMO Misamis Oriental / Cagayan de Oro

Ship Calls

A total of 15,381 vessels were serviced at the government and private ports under the administrative jurisdiction of PMO MOC, comprising twelve (12) regis- tered private ports and seven (7) government ports. Total ship calls increased by 13%, from 13,578 in 2014 to 15,381 in 2015. The 13% increase in shipping traffic is attributed to the tremendous increase by 363% in the other government ports, specifically, trips of regular-run passenger vessels at the Ports of Guinsiliban and Balbagon, in Camiguin Province plying the Jagna, Bohol route and vice-versa, and from the Port of Guinsiliban to the Port of Balingoan in Misamis Oriental, a comple- mentary port and vice-versa, respectively. hundred sixty-one (161), private ports; and one (1) Ter- Of the total shipcalls, 98% were domestic ves- minal Port. Notably, M/V Caledonean Sky, a cruise sels, while 2% were foreign vessels. Two hundred sixty ship carrying eighty-nine (89) passengers, was the first five (265) foreign vessels called at the government and foreign passenger vessel that called at the Baseport of private ports under the jurisdiction of PMO MOC with Cagayan de Oro on 21 February 2015, which then pro- one hundred three (103) vessels at the Baseport; one ceeded to Camiguin Island for its next port of call.

COMPARATIVE PORT TRAFFIC STATISTICS Inc(Dec) Particulars 2015 2014 Variance % A. Shipcalls 15,381 13,578 1,803 13% Domestic 15,116 13,361 1,755 13% Foreign 265 217 48 22% B. Total Cargo (MT) 8,436,808 7,883,119 553,689 7% Domestic Trade 6,786,576 6,536,449 250,127 4% Foreign Trade 1,650,232 1,346,670 303,562 23% C. Passenger Traffic 2,468,224 2,198,358 269,866 12% Disembarking 1,292,190 1,144,280 147,910 13% Embarking 1,176,034 1,054,078 121,956 12% D. Container Traffic (TEU) 237,720 208,632 29,089 14% Inbound 118,730 105,301 13,429 13% Outbound 118,990 103,331 15,660 15% 2015 Annual Report 7

With simplified procedures and reduction of documentary requirements in the grant of permits, PMO MOC issued a total of one hundred fifty-two (152) Permits To Operate (PTO) various ancillary ser- vices including trucking, chandling, and surveying as well as forty-eight (48) Permits to Occupy (PTOc). Ad- ditional three (3) companies: Golden Star Manning and Ship Management Corporation, Malayan Towage and Cargo Handling Service Contract and Permits Salvage Corporation and Vismin Speedy Transport Inc. were given PTO tug and towing services at the Port of As part of PPA’s thrust to streamline cargo Cagayan de Oro. Their entry in the Baseport brings the handling operations in all its ports in partnership with total number of tug service providers to five (5), giving the private sector, the Port Management Office of more options to Shipping companies and ship agents. Misamis Oriental/Cagayan de Oro formally turned over The PMO also launched the Electronic Permit System on 22 June 2015, the duly signed RORO Service Con- (e-Permit) on 11 March 2015 in coordination with the tract for a period of five (5) years to Prudential Customs ICT Department of Head Office, to make processing of Brokerage Services, Inc. (PCBSI). For almost eight (8) frontline transactions on line. By December 2015, the years, the cargo handling and roll-on/roll-off (RORO) system was already utilized by port users in the services at the Port of Balingoan were carried out by the renewal of permits or application for new permits. PPA Special Take-Over Unit (STU), supervised by the Terminal Management Office of Balingoan. Oroport Cargo Handling Services Inc. (OROPORT) acquired one (1) unit Reach Stacker and The PMO Comparative Evaluation and Selec- one (1) unit 25T Forklift. This initiative is a market tion Committee (COSEC) likewise completed the Com- driven capital expenditure to support cargo handling parative Evaluation (CE) and Selection of Cargo Han- operations in answer to the increasing domestic and dling Services for the Port of Balbagon on October 2015 foreign traffic of Cagayan de Oro and meet the trend where it selected and recommended Balbagon Arras- of shipping migration from breakbulk to containerized tre, Stevedoring and Porterage Services (BASPS) of as well as sufficiently complement the modernized , Camiguin to provide cargo handling ser- port infrastructure facilities. These additional cargo vices for a period of three (3) years. The COSEC Resolu- handling equipment situates the Port of Cagayan de tion and other pertinent documentary requirements Oro forward to improve container cargo handling and recommending for the award of the contract have been modernization and efficient utilization of port opera- sent to PPA higher Management for approval. tional areas.

8 PMO Misamis Oriental / Cagayan de Oro

Systems / Procedures / Enhancements tion was passed during the 1st quarterly PMAC meeting on 25 March 2015 enhancing the scope of Ease of doing business, a PPA mandate, has PMAC and widening the perspective and connectivity been cascaded to the Port Integrated Clearing Office of the agencies concerned for a faster resolution of (PICO), a one stop shop where customers, namely the issues relating to port and maritime trade. PMAC is port users, shippers, consignees, ship agents and vessel now referred to as the Port and Maritime Management clearing officers, transact with PPA, the Cargo Handling Advisory Council or PMMAC chaired by PPA PMO Operator – OROPORT and Shore Base Reception Facili- MOC Port Manager and co-chaired chaired by MARINA ty Service Provider – Golden Dragon Terminals, Inc. in -X Director and PCG Northern Mindanao District Com- one single venue. A color coded number queuing sys- mander. The new nomenclature is covered by PMMAC tem, classifying transactions and processing time was Resolution No. 001-2015 “A Resolution to Enhance the implemented to improve the way PMO does business Port and Maritime Management Advisory Council to with its customers. The queuing system also serves as a Resolve Issues relating to Port and Maritime”. feedback mechanism to continually enhance delivery of services. On 21 February 2015, the Port of Cagayan de

Oro received its first-ever call from a passenger cruise The Terminal Section instituted twenty-four (24) ship. MV Caledonian Sky docked at Berth 1-2 at 0612H operational control points to effectively monitor the with eighty-nine (89) foreign nationals onboard who movement of cargoes inside the port and efficiently were treated with a grand welcome by the City’s Tour- assess storage of overstaying cargoes, resulting to im- ism Council. The tourists went around the different proved revenue collection. Additional personnel were scenic spots of the province all day long until the ves- deployed at the terminal section to keep track with car- sel’s departure on 1830H same day to its next port of go movements through the control points. call – Camiguin Island.

In the interest of making the Port Management Advisory Council (PMAC) a more effective forum for the resolution of port related issues and concerns, a Resolu-

2015 Annual Report 9

Consistent with the mandate of the Authority, the Port of Cagayan de Oro was completed last 07 De- PMO MOC implemented port infrastructure projects cember 2015. The said project is part of the Seven (7) geared towards the capacity and productivity improve- Pillars of Development, a set of priority infrastructure ment under its administration. Part of PPA’s long-term development initiative advocated by the current Man- facility planning, these projects were aimed to address agement and duly endorsed by Port and Maritime projected rise in demand by port users in view of the Management Advisory Council (PMMAC) resolutions. strengthening economy and to continuously meet the Another LFP, the Construction of Perimeter Fence at requirements of the market, cater to increased volume Berth 12-13, Port of Cagayan de Oro, is on bidding of global and domestic trade, and respond to advance- stage as of end of December. ments in shipping and new technologies in doing busi- ness at the ports. With the able push and support of the PPA Management and customers, PMO MOC undertook Completed and On-going Locally-Funded Projects initial activities and coordination with Head Office and concerned LGU / local offices for the other component There were two (2) locally funded projects im- projects of the Seven (7) Pillars of port development, plemented by PMO MOC during the year. The im- namely: provement of the back-up area at portion of area Q of 1) Construction and operation of a modern Passenger Terminal Building;

2) Construction of 6-lane Electronic Gate Complex;

3) Provision of Efficient and Cost Effective Lighting System using solar powered LED lights;

4) Construction of Breakbulk Receiving Facility at Area A;

5) Topographic, Hydrographic and Port Zone Delinea- tion Survey for the Port of Laguindingan, Misamis Oriental; and,

6) Development and Construction of the Port of Opol, Misamis Oriental.

Repair & Maintenance Program

Complementing the construction of new port infrastructure projects, the continuous repair and maintenance of existing port facilities were given ut- most importance to restore and maintain their service- ability and safety.

A total of fourteen (14) repair projects were approved and funded for the year 2015. At year end, four (4) repair projects were completed and ten (10) were carried over to 2016. The total funds released for the repair projects amounted to Php 90,678,745. For maintenance projects, the total amount released was Php 6,027,486 resulting to twelve (12) completed maintenance projects, three (3) completed emergency projects and three (3) completed Port Zone Delinea- tion and other survey projects.

10 PMO Misamis Oriental / Cagayan de Oro

STATUS REPORT OF REPAIR AND MAINTENANCE PROJECTS As of December 31, 2015

PHYSICAL STATUS FINANCIAL STATUS CONTRACT PROJECT COMPLETION PROJECT TITLE FUNDS % AMOUNT DURATION a. Target Date REMARKS UTILIZED UTILIZATION b. Actual Date

1 . Repair of Damaged Concrete Pavement at Portion 10,193,792.98 120 c.d. a. Oct. 24, 2015 Project 100% completed 9,136,136.87 100.00% of Area "N", Port of Cagayan de Oro b. Aug. 19, 2015

2 . Repair of Damaged Concrete Pavement at Area "L" 21,307,866.03 180 c.d. a. Dec. 24, 2015 Project 100% completed 19,257,018.20 100.00% (Phase 1), Port of Cagayan de Oro b. Aug. 19, 2015

3 . Repair of Damaged Conrete pavement at Area "L" 20,092,660.36 180 c.d. a. Apr. 19, 2016 Project 100% completed 17,939,875.32 100.00% (Phase 2), Port of Cagayan de Oro b. Dec. 15, 2015

4 . Replacement of M-type & V-type Rubber Dock 25,059,024.34 210 c.d. a. May 19, 2016 On-going Project 20,644,552.11 91.04% Fenders, Port of Cagayan De Oro b. N/A Implementation

5 . Repair of Damaged Concrete Pavement at Portion 16,452,146.66 180 c.d. a. May 14, 2016 Project 100% completed 14,698,862.18 100.00% of 2nd Ave. & 3rd St., Port of Cagayan de Oro b. Dec. 29, 2015

6 . Repair of Reinforced Concrete Curtain Wall and 3,338,186.87 120 c.d. a. Mar. 24, 2016 Mobilization on-going. - Replacement of RDF, Port of Balbagon, Camiguin b. N/A

7 . Repair of Damaged Pavement, Port of Balbagon, 3,670,399.42 90 c.d. a. Mar. 01, 2016 Mobilization on-going. - Camiguin b. N/A

8 . Repair & Installation of Bollards, Port of Benoni, 3,741,119.18 90 c.d. a. Mar. 01, 2016 Mobilization on-going. - Camiguin b. N/A

9 . Repair/Replacement of Damaged Rubber Dock 9,384,251.50 210 c.d. a. Apr. 03, 2016 Mobilization on-going. 11,512.00 Fenders, Port of Balingoan, Misamis Oriental b. N/A

10 . Replacement of Dilapidated Roofing Panels & 19,451,462.65 150 c.d. a. Apr. 26, 2016 Mobilization on-going. 11,512.00 Repainting of walls & Structural Steel of Container b. N/A Freight Station (CFS) and Transit Shed 2 (TS2), Port of Cagayan de Oro

11 . Repair of Damaged Reinforced Concrete Wharf 23,515,058.68 210 c.d. a. Apr. 30, 2016 Mobilization on-going. - along Berth 1, 2 & 3, Port of Benoni, Camiguin b. N/A

12 . Installation of Powerline in the Temporary PTB 6,020,957.30 150 c.d. a. May 20, 2016 Mobilization on-going. - and upgrading of Pre-departure Area, Port of CDO b. N/A

13 . Repair of Damaged Concrete Pavement at portion 27,041,777.63 180 c.d. a. Ju. 21, 2016 Mobilization on-going. - of Area "N", 2nd Ave.to Gate 2 Road & portion of b. N/A Area F, G, O and 2nd Street, Port of Cagayan de Oro

14 . Replacement of M-type Rubber Dock Fenders a. N/A on-going bidding process (Phase II), Port of Cagayan de Oro b. N/A

TOTAL 189,268,703.60 81,699,468.68 90.10%

2015 Annual Report 11

STATUS REPORT OF REPAIR AND MAINTENANCE OF PHYSICAL FACILITIES As of December 31, 2015 PHYSICAL STATUS FINANCIAL CONTRACT COMPLETION PROJECT TITLE FUNDS % AMOUNT a. Target Date REMARKS UTILIZED UTILIZATION b. Actual Date

Repair and Maintenance of Physical Facilities (TOTAL RELEASE CY 2015) 5,950,224.80 98.72% 1 . Repair of Security Signage at Curtain Wall, Port of Cagayan de Oro 133,464.50 a. 15-Mar-15 Project 100% b. 24-Feb-15 completed. 2 . Repair of Security Fence Near Gate 2, Port of Cagayan de Oro 342,680.00 a. 15-Mar-15 Project 100% b. 24-Feb-15 completed. 3 . Repair of Toilet Facilities and Waiting Areas at Passenger 496,609.40 a. 24-Apr-15 Project 100% Terminal Building, Port of Balingoan, Misamis Oriental b. 24-Apr-15 completed. 4 . Repair of Toilet Facilities and Waiting Area at PTB, Port of Benoni 499,916.27 a. 24-Apr-15 Project 100% b. 24-Apr-15 completed. 5 . Repair of Ramps, Steel Door, Canopy and Enclosure at the 470,483.00 a. 03-May-15 Project 100% Passenger Terminal Complex, Port Cagayan de Oro b. 21-Apr-15 completed. 6 . Repair of Port Facilities at Area "F", Port of Cagayan de Oro 417,225.60 a. 18-Apr-15 Project 100% b. 18-Apr-15 completed. 7 . Repair of Dilapidated Port Gate Signages, Port of Cagayan de Oro 100,031.58 a. 03-Apr-15 Project 100% b. 03-Apr-15 completed. 8 . Repair/Rewiring of Transformar Vault, Port of Cagayan de Oro 496,200.00 a. 15-Aug-15 Project 100% b. 15-Aug-15 completed. 9 . Derusting/Repainting of Bollards 1-13, Port of Cagayan de Oro 90,182.00 a. 11-Sep-15 Project 100% b. 11-Sep-15 completed.

10 . Crane Rail Wire Curb, Port of Cagayan de Oro 490,972.68 a. 11-Sep-15 Project 100% b. 11-Sep-15 completed. 11 . Repair/Repainting of PM's Amenity Building (Bldg 3), Port of 212,620.85 a. 24-Nov-15 Project 100% Cagayan de Oro b. 11-Nov-15 completed. 12 . Repair of Security Fence at Pumphouse, Port of Cagayan de Oro 207,457.85 a. 24-Nov-15 Project 100% b. 11-Nov-15 completed. Emergency Projects 1 . Repair of Security Signages,Port of Cagayan de Oro 129,043.46 a. 11-Sep-15 Project 100% b. 11-Sep-15 completed. 2 . Repair of Port Perimeter Security Lighting, Port of Cagayan de Oro 436,113.92 a. 13-Sep-15 Project 100% b. 13-Sep-15 completed. 3 . Repair of Security Barrier, Port of Cagayan de Oro 291,944.40 a. 08-Sep-15 Project 100% b. 08-Sep-15 completed. PZD Survey and Other Survey Projects 1 . Topographic, Hyrdographic and Port Delineation (PZD) Survey, 241,300.00 a. 15-Aug-15 Project 100% 188,888.00 100.00% Port of Opol, Misamis Oriental b. 15-Aug-15 completed. 2 . Topographic, Hyrdographic and Port Delineation (PZD) Survey, 241,300.00 a. 15-Aug-15 Project 100% 188,888.00 100.00% Port of Laguindingan, Misamis Oriental b. 15-Aug-15 completed. 3 . Relocation and Verification Survey of Area "M", Port of 50,300.00 a. 14-Dec-15 Project 100% 50,300.00 100.00% Cagayan de Oro b. 29-Nov-15 completed.

TOTAL 5,347,845.51 428,076.00

12 PMO Misamis Oriental / Cagayan de Oro

PMO MOC continually champions PPA’s vision and mission. In 2015, the PMO undertook various activi- ties to promote sustainable development of people and the environment and established measures to ensure compliance with international standards.

Implementation of International Ship and Port Facility Security (ISPS) Code

In 2015, PMO MOC strengthened its implementation of the ISPS Code and sub- mitted the Port Facility Security Assessments (PFSA) and Port Facility Security Plans (PFSP) for the Terminal Ports of Balingoan, Benoni, Guinsiliban and Balbagon to the DOTC - Office for Transportation Security for evaluation and approval. Meantime, the PFSA and PFSP for the Baseport of Cagayan de Oro were also updated due to the changes in the port facility and the construction of the Pilipinas Shell Petroleum Cor- poration’s North Mindanao Import Facility project.

The Port of Cagayan de Oro also underwent a series of stringent security audits and inspections conducted by the OTS and the US Coast Guard International Port Se- curity Program (IPSP) Team. The subject audits yielded observations which necessitat- ed the institution of security measures, procedures and regulations resulting to an en- hanced security posture of the port. Among the security measures/initiatives imple- mented were the installation of additional CCTV cameras, illumination and fencing of the perimeter areas, fabrication and setting-up of physical steel barricades to deline- ate ISPS zone, installation of security signages and warnings, provision of watchtower and the issuance of Standard Operating Procedures (SOPs) and port security adviso- ries. In conjunction thereto, the use of some operational areas were also redefined, and restricted areas were identified to ensure better security control. Moreover, the PMO also strengthened its coordination with other law enforcement units of the government.

Quality Management System

PPA PMO MOC retained its seal of quality for the provision of public services upon recertification of its Quality Management System on Vessel Entrance/Clearance

2015 Annual Report 13

(QMS-VEC) - a major frontline service - at its major Community Support Program thru Gender and gateways and frontline units under ISO Development (GAD) Focal Points 9001:2008. In support of the government program on Gen- During re-certification audit held last 31 der and Development (GAD), PMO MOC initiated and March to 01 April 2015, TUV Rheinland participated in programs and activities geared towards reaffirmed the PMO’s continuing efforts to im- GAD mandate. It has maintained linkages with agencies prove provision of reliable and responsive ser- and law enforcement agencies working to address is- vices to the public. The auditors noted eleven (11) sues and concerns involving women and child sex positive findings and eleven (11) opportunities for tourism and other forms of human trafficking. In 2015, improvement for the PMO based on the ISO the PMO was able to deter trafficking of four (4) 9001:2008 quality standards. The PMO also un- minors. derwent internal audit and process inspection by the PPA Head Office Internal Audit Department The PMO cooperated with the LGU and other and Port Management Systems—Organizational government, NGOs and private entities for the resettle- Development Department, respectively. ment of Bajaus, an ethnic minority, and other residents living along the shoreline of the Port, particularly adja- cent to Area Q. The PMO was likewise represented in Port Safety, Health and Environmental various multi-sectoral coordination meeting and activi- Management System (PSHEMS)

The PSHEMS is a port management sys- tem designed to ensure safety in port operations, protection of human life and property, health of port workers and the protection of the environ- ment. It also integrates the essentials of other international standards such as ISO 9001 (QMS), the ISO 14001 (Environmental Management Sys- tems) and the OHSAS 18001 (Occupational Health and Safety Assessment Series).

In keeping with its PSHEMS commitments, the PMO implemented programs to address safe- ty, health and environmental concerns at the port. It has conducted air and water quality tests, pests control, dog-free zone program, operation- alized the Materials Recovery Facility, conducted emergency drills/exercises and initiated safety/ environmental awareness seminars/trainings and campaign.

Meantime, the PMO unceasingly moni- tored and implemented continual improvements to the port’s SHE systems and procedures to en- sure that the benefits of the system will be felt by the public. The PMO undertook updating of the Hazard Identification, Risk Assessment and Risk Controls (HIRARC) and Objectives, Targets & Pro- gram (OTP) relative to the identified risks and aggressively implemented preventive and correc- tive actions to identified problem areas. The In- ternal Audit Department of the Head Office audit- ed the PMO’s PSHEMS last 01-04 December 2015.

14 PMO Misamis Oriental / Cagayan de Oro

ties involving persons with disabilities and senior citi- 1. Employee Wellness Program (3 batches); zens. The PMO also lent a hand to the community 2. Zumba exercise sessions; thru cooperation in the Habitat for Humanity “Women Build” project to help build low-cost houses for ty- 3. Launching by the 12 Member Founding Agen- phoon victims and facilitated coastal and port clean- cies of the Consumer Welfare & Protection up and tree planting/growing activities in line with Desk On-Board Vessels; different celebrations such as Women’s Month, Earth Month, Maritime Week, PPA/PMO anniversaries, 4. Orientation/Awareness Training on Infectious among others . It has also conducted community out- Diseases (HIV/AIDS & TB); reach programs wherein mass feeding and gift-sharing among marginalized families in the port community 5. Rabies Seminar & Proper Handling of Stray were done. Dogs;

To effectively increase awareness and appre- 6. Alay Lakad as culminating inter-agency ciation of GAD values, issues and concern as well as to activity for Earth Month; promote capacity-building among its personnel, the PMO implemented and actively participated in the 7. 5S Seminar; following trainings/seminars and activities: 8. Forum on Infant/Child Health;

9. Safety and Environment Orientation;

10. Emergency First Aid Training/Workshop;

11. Anti-Human Trafficking Lecture/ Seminar;

12. RA 9262, Anti-Violence Against Women and Children Act of 2004;

13. RA 9710, Magna Carta of Women;

14. Northern Mindanao Cluster Training/Seminar on Continuing Education for Program Plan- ners and Implementors; and,

15. Northern Mindanao Cluster Lecture/Seminar on GAD Gender Audit.

Moreover, the PMO ensured that rele- vant GAD facilities and amenities will be in place in the soon-to-be constructed modern 2-storey PTB. Included in the design are PWD comfort rooms, water drinking station, child care and nursing station, plat lot area, clinic, wash- room for Muslims and ecumenical rooms. Signage/Visual aids for deaf people were like- wise considered.

2015 Annual Report 15

300,000

For the past ten years, PMO MOC’s financial performance showed a steady rise of revenue with 240,000 CY 2015 exhibiting a remarkable double-digit growth with a bullish posting of Php 265,565,385 in 180,000 total revenue, a notable increase of Php 70,915,712 or 36.43% more than the previous year’s earnings of 120,000 Php 194,649,673. The upward trend in revenue is primarily attributed to the increase in vessel and 60,000 cargo traffic at the ports coupled with the increase RevenueThousands) (in in revenue generated from other business income/ sources. -

For the period under review, of the Php 265,565,385, wharfage dues which accounted for 29.26% of the total revenue, increased by 28.24% from Php 60,593,358 in 2014 to Php 77,707,419 in 2015. Arrastre/stevedoring which constitutes 25.41% of the total revenue increased PORT REVENUE BY RC by 32.88% from Php 50,781,255 to Php 67,480,171 while Other Income which contributed 22.81% to RC 2015 2014 Inc(Dec) % the total revenue increased significantly Baseport 223,493,998 168,484,464 32.65% by 61.34% from Php 23,026,680 to TMO Balingoan 9,357,393 3,756,774 149.08% Php 60,566,950. On the other hand, storage in- TMO Camigun 8,663,113 3,558,673 143.44% come, RORO Terminal Fee and Pilotage posted re- Private Ports 24,050,881 18,849,761 27.59% markable increases of 8.56%, 51.01% and 42.71%, TOTAL 265,565,385 194,649,673 36.43%

PORT REVENUE BY RC RC 2015 2014 Inc (Dec) % Income by Tariff Item Baseport 223,493,998 168,484,464 32.65% 29% TMO Balingoan 9,357,393 3,756,774 149.08% TMO Camiguin 8,663,113 3,558,673 143.44% 18% 3% Private Ports 24,050,881 18,849,761 27.59% Total 265,565,385 194,649,673 36.43%

25% 23% Vessels Charge Wharfage Dues Storage Arrastre / Stevedoring RORO Terminal Fee 0% 2% Pilotage Other Income

16 PMO Misamis Oriental / Cagayan de Oro

contributing about 2.7%, 2.0% and 0.25%, to total reve- nue, respectively.

The surge in revenue from other business income was due to the additional income collected by TMOs Balingoan and Camiguin from passengers for the use of Passenger Terminal Buildings at both termi- nals. Collection started 15 March 2015 in increased by 27.59% from Php 18,849,761 to TMO Camiguin and 16 March 2015 in TMO Balingoan, Php 24,050,881 during the same period. resulting to a tremendous increase of revenue during the period under review by 143.44% or Php 8,663,113 The Baseport of Cagayan de Oro posted a hefty from Php 3,558,673 and 149.08% or Php 9,357,393 from Php 223,493,998 in 2015, which is 32.65% more than the Php 3,756,774, respectively. Private Ports collection also previous year’s earnings of Php 168,484,464.

2015 2015 Actual Variance 2014 Actual Variance Income by Tarrif Item Projection Revenue Amount % Revenue Amount % Vessels Charge 29,936,852 46,677,486 16,740,633 55.92% 35,157,849 11,519,637 32.77% Wharfage Dues 62,348,383 77,707,419 15,359,036 24.63% 60,593,358 17,114,061 28.24% Storage 3,608,640 7,159,534 3,550,894 98.40% 6,595,075 564,459 8.56% Arrastre / Stevedoring 54,542,460 67,480,171 12,937,711 23.72% 50,781,255 16,698,916 32.88% RORO Terminal Fee 3,784,495 5,300,959 1,516,464 40.07% 3,510,382 1,790,577 51.01% Pilotage 584,963 672,865 87,903 15.03% 471,483 201,382 42.71% Other Income 42,069,948 60,566,950 18,497,002 43.97% 37,540,271 23,026,680 61.34% TOTAL 196,875,741 265,565,385 68,689,644 34.89% 194,649,673 70,915,712 36.43%

2015 Annual Report 17

STATEMENT OF FINANCIAL POSITION As of 31 December 2015

(With Comparative Figures as of 31 Dec 2014) (in Philippine Peso)

2015 2014 Current Assets Cash and Cash Equivalents (Note 3) 38,909,732 59,047,104 Trade and Other Receivables (Note 4) 17,956,290 20,136,933 Inventories (Note 5) 1,782,112 1,211,233 Prepaid Expenses (Note 6) 11,971,170 12,019,434 Other Current Assets (Note 7) 14,290,682 5,524,518 Total Current Assets 84,909,986 97,939,222

Non-Current Assets Property, Plant and Equipment (Note 8) 2,375,651,534 2,203,280,475 Other Assets (Note 9) 1,253,543 1,181,200 Total Non-Current Assets 2,376,905,077 2,204,461,675

Total Assets 2,461,815,063 2,302,400,897

Current Liabilities (Note 10) Payable Accounts 24,149,451 16,472,640 Inter-Agency Payables 6,007,233 2,292,770 Other Current Liability Accounts 50,828,505 40,734,786 Total Current Liabilities 80,985,189 59,500,196

Total Liabilities 80,985,189 59,500,196

Deferred Credits (Note 11) 12,196,946 10,117,275

Equity Subsidy from HO 2,368,632,928 2,232,783,426 Total Equity 2,368,632,928 2,232,783,426

Total Liabilities & Equity 2,461,815,063 2,302,400,897

See accompanying Notes to Financial Statements.

18 PMO Misamis Oriental / Cagayan de Oro

STATEMENT OF COMPREHENSIVE INCOME For the Year Ended 31 December 2015

(With Comparative Figures as of 31 Dec 2014) (in Philippine Peso)

2015 2014 INCOME Permit and Licenses 889,241 633,290 Service Income 221,538,123 165,627,557 Business Income 41,064,486 26,219,079 Other General Income 2,073,535 2,169,746 GROSS INCOME 265,565,385 194,649,673 EXEMPTIONS - - GROSS INCOME net of Exemptions 265,565,385 194,649,673

Less: EXPENSES Personal Services Salaries & Wages 21,611,884 20,476,322 Other Compensation 13,161,380 10,624,711 Personnel Benefits Contribution 2,837,058 2,852,850 Other Personnel Benefits 2,711,821 2,481,721 Total Personal Services 40,322,143 36,435,604

MAINTENANCE AND OTHER OPERATING EXPENSES CASH EXPENSES Traveling Expenses 1,399,940 1,327,210 Training & Scholarship Expenses 657,725 556,425 Supplies and Materials Expenses 5,246,039 4,109,413 Utility Expenses 16,673,393 12,925,124 Communication Expenses 611,067 399,699 Awards & Indemnities - 233,000 Advertising Expenses 66,191 25,370 Printing and Binding Expenses 166,288 30,888 Rent Expenses 72,000 47,655 Representation Expenses 1,088,563 535,911 Cultural & Athletics Expenses 554,410 192,078 Subscription Expenses 34,118 23,746 Professional Services 42,601,317 39,721,642 Repairs and Maintenance 146,354,397 73,032,242 Taxes, Insurance & Other Fees 603,168 552,197 Total Cash Expenses 216,128,617 133,712,600

NON-CASH EXPENSES Bad Debts Expenses 49,674 - Depreciation 54,891,592 54,974,272 Total Non-Cash Expenses 54,941,265 54,974,272

Total MOOE 271,069,883 188,686,872

Financial Expenses 100 -

Total Expenses 311,392,126 225,122,476

Income (Loss) From Operations (45,826,741) (30,472,803)

Net Income(Loss) Before Income Tax (45,826,741) (30,472,803) 2015 Annual Report 19

STATEMENT OF CASH FLOWS For the Year Ended 31 December 2015

(With Comparative Figures as of 31 Dec 2014) (in Philippine Peso)

2015 2014

Cash Flow from Operating Activities Cash Inflows Collection of Port Revenues 189,570,788.23 158,736,859.92 Other Income* 16,363,164.93 14,668,963.03 Fund Management Income* 13,537.14 650,307.49 Receipt of Depository Liability 97,253,274.05 101,752,416.96 Receipt of Trust Liabilities 630,252,943.86 339,310,267.12 Receipt of Miscellaneous Liabilities Deferred Credits 18,451,284.73 14,352,027.89 Refund of Guaranty Deposits 0.00 0.00 Total Cash Inflows 951,904,992.94 629,470,842.41 Cash Outflows Cash Paid for Operating Expenses* 230,322,253.41 145,025,469.50 Refund of Depository Liability 90,484,918.32 96,230,482.65 Payment of Miscellaneous Liabilities & Deferred Credits 14,827,340.75 13,443,611.66 Remittance of Trust Liabilities 473,322,494.89 403,567,600.02 Payment of Accrued Interest 0.00 0.00 Payment of Guaranty Deposits 0.00 51,200.43 Total Cash Outflows 808,957,007.37 658,318,364.26 Total Cash Provided (Used) by Operating Activities 142,947,985.57 (28,847,521.85)

Cash Flow from Investing Activities Cash Inflows Proceeds from Maturing T-Bills/Bonds/ShortTerm Investments 0.00 0.00 Total Cash Inflows 0.00 0.00

Cash Outflows Investment in Securities 0.00 0.00 Net Payments for Construction in Progress* 17,657,792.26 0.00 Net Acquisition, Construction of Fixed Assets* 222,323,642.26 57,045,632.27 Total Cash Outflows 239,981,434.52 57,045,632.27 Total Cash Provided (Used) by Investing Activities (239,981,434.52) (57,045,632.27)

Cash Flow from Financing Activities Cash Inflows Loan Availments 0.00 0.00 Corporate Notes 0.00 0.00 Total Cash Inflows 0.00 0.00 Cash Outflows Loan Repayments 0.00 0.00 Dividend Payments 0.00 0.00 Calamity Loans Granted* (1,852,443.18) (1,145,550.13) Total Cash Outflows (1,852,443.18) (1,145,550.13) Total Cash Provided (Used) by Financing Activities 1,852,443.18 1,145,550.13

Cash Provided by Operating, Investing and Financing Activities (95,181,005.77) (84,747,603.99) Effect of Exchange Rate on Cash and Cash Equivalents* 0.00 0.00 Net Increase (Decrease) in Cash and Cash Equivalents (95,181,005.77) (84,747,603.99) Add: Cash and Cash Equivalents - Beginning 59,047,103.86 52,291,457.89 Cash and Cash Equivalents - Ending 38,909,731.61 59,047,103.86

*Subject to further analysis 20 PMO Misamis Oriental / Cagayan de Oro

1. GENERAL INFORMATION

Pursuant to PPA Finance Memorandum Order No. 09-2007 and in compliance to COA Circular No. 2004- 02, the Philippine Ports Authority has adopted the PPA-NGAS Chart of Accounts and has converted balances under the old accounts to the corresponding new account titles and codes.

Last November 2012, PPA came out with the Accounting and Financial Management System (AFMS) Manual which serves as guide in the utilization of the various modules of AFMS.

With the approval of the PPA Rationalization Plan last 25 March 2014 per GCG Memorandum Order No. 2014-10 which abolished the Port District Offices (PDOs) and the issuance of PPA Memorandum Circular No. 15 -2014 dated 29 October 2014, “Guidelines on Wind Up Activities for District Offices”, Head Office Controller- ship Department incorporated the GL account balances of the former PDO-Northern Mindanao in PMO MOC’s books of accounts being the lead PMO through Journal Entry Voucher No. 15-06-37728 dated 30 June 2015.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Inventories

Supplies and materials purchased for inventory purposes are recorded using the perpetual inventory system. Regular purchases are coursed thru the inventory account and issuances thereof are recorded as they take place except those purchased out of Petty Cash Fund which shall be charged directly to the appropriate expense accounts.

For Accountable Forms, pursuant to AGMFLA’s Memorandum dated 27 June 2012 prescribing the “AFMS Accounting Steps and Procedures in Recording Accountable Forms Issued by Head Office”, accounta- ble forms procured and printed at Head Office are booked up as Inventory by the PMO once transferred/issued to the PMO. Consumption/utilization is recorded using the moving average cost determined by Head Office.

Property, Plant and Equipment

Pursuant to the Revised Accounting Standards Council on Statements of Financial Accounting Stand- ards (SFAS) 6, this Office values property, plant, and equipment at cost less accumulated depreciation and any accumulated impairment loss, if there exists.

Appraisal values of fixed assets with the corresponding allowance for accumulated depreciation were determined by the PPA Head Office in accordance to PPA Memo Circular No. 38-89.

Depreciation is computed based on the carrying values of the property using the straight-line method over their estimated useful lives ranging from 3 to 50 years. Salvage value is computed at 10% of cost.

Provision for Doubtful Accounts

This Office adheres to the Generally Accepted Accounting Principles (GAAP) on accounting for bad debts by Allowance Method. Allowance Method is used because it conforms to the matching principle, thus, accounts receivables are properly stated at net realizable values.

Anent to PPA Finance Memorandum Order No. 11-2006 dated 07 August 2006, as amended by PPA Finance Memorandum Order No. 02-2009 dated 22 April 2009, provision for doubtful accounts shall be deter- mined in the following threshold agreement: 2015 Annual Report 21

Age (Days) of Account Rate of Allowance To be Set Up Not Yet Due 0% 30 days 5% 31 - 90 days 10% 91 - 180 days 20% 181 - 365 days 40% Over 365 days 60% Dormant with Nil Chance 100%

In view of the aforesaid threshold agreement, the Allowance for Doubtful Accounts amounts to Php 608,618, determined as follows: Allowance for Age of Account A/R Amount Rate Doubtful Accounts Not Yet Due PhP 1,710,141.00 0% PhP 0.00 30 days 44,695 5% 2,235.00

31-90 days 0.00 10% 0.00

91-180 days 0.00 20% 0.00

181-365 days 0.00 40% 0.00

Over 365 days 1,010,639.00 60% 606,383.00

Dormant with Nil Chance 0.00 100% 0.00 Total Amount PhP 2,765,475.00 PhP 608,618.00

3. CASH

The balance of Cash - Collecting Officers represents collections at year-end which were deposited the next banking day, i.e. 04 January 2016.

The significant decrease in Cash-PVB Current Account is attributable to the balance of cash for Input VAT - CY 2015 amounting to Php 19,063,082 which was not yet transferred to PMO MOC as of year-end.

2015 2014 Cash – Collecting Officers PhP 4,095,706.00 PhP 3,079,809.00 Petty Cash Fund 5,000.00 0.00 Cash – LBP Current Acct. 1,596,729.00 2,369,516.00 Cash – PNB Current Acct. 23,100,210.00 20,662,209.00

Cash – PVB Current Acct. 3,359,037.00 28,459,354.00 Cash – LBP Savings Acct. 8,828.00 0.00 Cash – PNB Savings Acct. 6,744,222.00 4,476,216.00 Total Amount PhP 38,909,732.00 PhP 59,047,104.00

22 PMO Misamis Oriental / Cagayan de Oro

4. RECEIVABLES

The significant decrease in Due from Officers & Employees is a result of calamity loan repayments of PMO MOC employees through salary/payroll deduction.

2015 2014 Accounts Receivable PhP 2,765,475.00 PhP 3,052,999.00 Less: Allowance for Doubtful Accounts- 608,618.00 663,156.00 Trade

Accounts Receivable - Net PhP 2,156,857.00 PhP 2,389,843.00 Due from Officers & Employees 5,987,571.00 7,935,228.00 Due from LGUs 4,198,841.00 4,198,841.00 Due from Operating Units 1,723,752.00 1,723,752.00 Other Receivables 3,889,269.00 3,889,269.00 Total Amount PhP 17,956,290.00 PhP 20,136,933.00

5. INVENTORIES

The increase in Inventories is a result of increase in office supplies and other materials on hand at year- end. This is to ensure that supplies are readily available to all RCs particularly in the implementation of PSHEMS and QMS-VEC. Also, the amount of Php 153,512 former PDO Northern Mindanao books was trans- ferred to PMO MOC books of accounts (see Note 1).

2015 2014 Office Supplies Inventory PhP 778,473.00 PhP 502,072.00 Accountable Forms Inventory 1,003,639.00 709,161.00 Total Amount PhP 1,782,112.00 PhP 1,211,233.00

On the other hand, the increase in Accountable Forms Inventory is a result of the need to request in advance a significant volume of accountable forms since printing of said forms through the National Printing Office is on a “first come, first serve” basis as a result of increase in volume transactions.

6. PREPAYMENTS

The decrease in Advances to Contractors is attributable to the minimal amount of contracts for Repair & Maintenance Projects which remain unfinished at the end of the year.

2015 2014 Advances to Contractors PhP 7,896,071.00 PhP 9,377,343.00 Prepaid Taxes 4,049,198.00 2,620,333.00 Deferred Charges 6,161.00 3,758.00

Other Prepaid Expenses 19,740.00 18,000.00 Total Amount PhP 11,971,170.00 PhP 12,019,434.00

The increase in Prepaid Taxes is due to increase in revenue collection of PMO MOC and the volume of which are from customers who are authorized to withhold taxes from their payments to PPA.

2015 Annual Report 23

7. OTHER CURRENT ASSETS

The increase in Input VAT is due to the increase in Accounts Payable of the PMO as of year-end (see Note 10).

2015 2014 Guaranty Deposits PhP 289,221.00 PhP 289,221.00 Input VAT 14,001,461.00 5,235,297.00

Total Amount PhP 14,290,682.00 PhP 5,524,518.00

8. PROPERTY, PLANT & EQUIPMENT

The increase in Land is due to the cost of completed Back-Up Area at Portion of Area Q at Berths 12 to 13, Port of Cagayan de Oro, undertaken by Head Office which was transferred to PMO books at year-end.

The increase in Buildings & Structures, on the other hand, is due to the cost of completed project, “Rehabilitation/Upgrading of RC Pier Port of Balingoan”, undertaken by Head Office which was transferred to PMO books at year-end.

The increase in Furniture, Fixtures & Equipment is mainly due to the transfer of various FFE from the former PDO NM to PMO MOC books of accounts amounting to Php 6,865,790.35.

2015 2014 Land PhP 1,162,476,156.00 PhP1,147,522,194.00

Buildings & Structures 2,049,596,234.00 1,853,659,442.00 Less: Accum. Depreciation 833,311,892.00 837,926,709.00 Buildings & Structures, net 1,156,284,342.00 1,015,732,733.00

Furniture, Fixtures & Equip. 83,841,264.00 72,408,376.00 Less: Accum. Depreciation 52,762,057.00 40,536,862.00 Furniture, Fixtures & Equipment. net 31,079,207.00 31,871,514.00

Const. in Progress–Agency Assets 25,811,826.00 8,154,034.00 Total Net Book Value PhP 2,375,651,534.00 PhP 2,203,280,475.00

9. OTHER ASSETS

2015 2014 Miscellaneous Assets – Others PhP 1,525,411.00 PhP 1,453,068.00

Less: Allowance for Doubtful Accounts 271,868.00 271,868.00 – Non Trade Miscellaneous Assets-Others - Net 1,253,543.00 1,181,200.00 Total Amount PhP 1,253,543.00 PhP 1,181,200.00

24 PMO Misamis Oriental / Cagayan de Oro

Miscellaneous Assets – Others compose of Unserviceable Assets amounting to Php 1,333,800 which are due for disposal as approved by Head Office and Dormant Accounts Receivable with nil chance of collection amounting to Php 271,868.

In compliance with PPA Finance Memorandum Order No. 11-2006 dated 07 August 2006, as amended by PPA Finance Memorandum Order No. 02-2009 dated 22 April 2009, said 100% Allowance for Doubtful Ac- counts was set up for said dormant accounts.

10. CURRENT LIABILITIES

The increase in Payable Accounts represents final payment of “Repair of Damaged Concrete Pavement at Portion of 2nd Avenue & 3rd St., Port of Cagayan de Oro”, amounting to Php 7,955,983.28.

2015 2014 Payable Accounts PhP 24,149,451.00 PhP 16,472,640.00 Inter-Agency Payables 6,007,233.00 2,292,770.00

Other Current Liability Accounts 50,828,505.00 40,734,786.00 Total Amount PhP 80,985,189.00 PhP 59,500,196.00

The increase in Inter-Agency Payables is due to increase in withholding taxes, i.e. “Due to BIR” account. Said increase is significantly due to the increase in Taxable Compensation Income of PPA Employees, which is attributable to the grant of Performance Based Bonus (PBB) & Productivity Enhancement Incentive (PEI) in CY 2015. Further, the addition of eleven (11) personnel from the former PDO NM who were placed in PMO MOC contributed to the increase in withholding tax for compensation.

The significant increase in Other Current Liability Accounts is due to the increase in Revolving Fund ac- count brought about by the increase in RF customers’ maintaining balance, and the increase in Depository Lia- bilities-Advance Rental & Depository Liabilities-Rental Deposit due to the increase in rental rates and size of areas leased by the lessees.

11. DEFERRED CREDITS

The increase in Output VAT account is due to the increase in Output VAT collected in the 4th Quarter of CY 2015 compared to CY 2014 as a result of increase in revenue collection.

2015 2014 Deferred Credits to Income PhP 7,956.00 PhP 7,956.00 Output VAT 12,188,990.00 10,109,318.00 Total Amount PhP 10,117,275.00 PhP 10,117,275.00

2015 Annual Report 25

COMPARATIVE PORT STATISTICS (Per Port Classification)

Terminal Other Gov't Private Particulars Total Baseport Ports Ports Ports A. Shipcalls 15,381 2,409 10,761 505 1,706 Domestic 15,116 2,306 10,760 505 1,545 Foreign 265 103 1 - 161 Total GRT 15,483,428 10,508,139 1,986,395 82,579 2,906,315 Domestic 13,057,758 9,569,663 1,982,195 82,579 1,423,320 Foreign 2,425,671 938,476 4,200 - 1,482,995 Total NRT 7,669,061 5,153,543 942,291 41,842 1,531,385 Domestic 6,433,938 4,688,881 941,028 41,842 762,187 Foreign 1,235,123 464,662 1,263 - 769,198 Total Waiting Time (hrs) 64,764 14,526 10 50,228 Domestic 61,110 11,423 10 49,677 Foreign 3,654 3,103 - 551 Total Service Time (hrs) 375,595 110,654 53,629 8,104 203,209 Domestic 351,966 99,472 53,618 8,104 190,772 Foreign 23,630 11,182 11 - 12,437 B. Total Cargo (MT) 8,436,808 5,251,979 16,548 35,267 3,133,014 Domestic Trade 6,786,576 4,700,835 16,548 35,267 2,033,926 Inbound 2,941,486 2,372,820 7,692 29,422 531,553 Outbound 3,845,086 2,328,015 8,855 5,845 1,502,373 Foreign Trade 1,650,232 551,144 1,099,088 Import 1,479,464 523,576 955,888 Export 170,768 27,568 143,200 C. Passenger Traffic 2,468,224 1,157,755 1,268,891 41,578 Disembarking 1,292,190 623,091 646,449 22,650 Embarking 1,176,034 534,664 622,442 18,928 D. Container Traffic (TEU) 237,720 236,713 1,007 Inbound 118,730 118,134 597 Outbound 118,990 118,580 411 E. RORO Traffic 153,633 13,149 138,024 2,460 Inbound 77,210 7,549 68,520 1,141 Outbound 76,423 5,600 69,504 1,319

26 PMO Misamis Oriental / Cagayan de Oro

The PMO MOC Executive Officers

ISIDRO V. BUTASLAC, JR. Port Manager

BERNARDO A. GARTALIA Port Police Division Manager Contact Us GUILBERT ANTHONY D. GIMENO Administrative Division Manager

CLARO SAMUEL P. FONTANILLA Philippine Ports Authority Engineering Services Division Manager PMO Misamis Oriental / Cagayan de Oro

SAERAH M. PASCASIO Finance Division Manager Address : E.S. Baclig Jr. Administration Bldg. Gate 3, Port Area, Macabalan PRISCILLA B. CURILAN Cagayan de Oro City 9000 Acting Terminal Manager—TMO Camiguin

RUBY MARIA O. GUMAPON Email address : [email protected] Acting Port Services Division Manager Telefax No. (088) 856-9100 Telephone Nos. (088) 856-9098 to 99 EDMER N. ZABALLERO

Acting Terminal Manager—TMO Balingoan & Opol PMO Command Center: Cellphone Nos : (0918) 494-9029 (0936) 960-6796 VHF Radio Frequency 155.600 Mhz

2015 Annual Report 27