LAGUNA LAKE DEVELOPMENT AUTHORITY STATEMENTS of FINANCIAL POSITION December 31, 2016 and 2015 (In Philippine Peso)
LAGUNA LAKE DEVELOPMENT AUTHORITY STATEMENTS OF FINANCIAL POSITION December 31, 2016 and 2015 (In Philippine Peso) Note 2016 2015 ASSETS Current Assets Cash and cash equivalents 3 457,613,299 298,851,766 Receivables-net 4 24,693,979 68,496,849 Supplies inventory 5 1,798,153 2,347,478 Prepayments 6 707,457 87,904 Other current assets 7 1,084,144 1,969,310 Total current assets 485,897,032 371,753,307 Non-Current Assets Investments 8 0 20,704,673 Property, plant and equipment-net 9 307,765,680 322,156,731 Other assets 10 33,000,310 29,152,188 Total non-current assets 340,765,990 372,013,592 TOTAL ASSETS 826,663,022 743,766,899 LIABILITIES AND EQUITY Current Liabilities Payables 11 103,581,960 59,134,795 Inter-agency payables 12 35,744,253 29,191,756 Other liability accounts 13 42,025,995 38,145,324 Total current liabilities 181,352,208 126,471,875 Non-Current Liabilities Long-term liabilities 14 586,780 336,780 Deferred credits 15 30,977,682 70,075,807 Total non-current liabilities 31,564,462 70,412,587 Total Liabilities 212,916,670 196,884,462 Equity 22 613,746,352 546,882,437 TOTAL LIABILITIES AND EQUITY 826,663,022 743,766,899 See accompanying Notes to Financial Statements. 4 LAGUNA LAKE DEVELOPMENT AUTHORITY STATEMENTS OF PROFIT OR LOSS For the Years Ended December 31, 2016 and 2015 (In Philippine Peso) Note 2016 2015 OPERATING INCOME Permits and licenses 16 135,597,743 113,069,070 Service income 17 134,834,959 83,121,800 Business income 18 28,018,628 19,729,081 Other income 19 4,396,603 4,115,157 Total operating income 302,847,933 220,035,108 OPERATING EXPENSES Personnel services 20 104,314,296 92,690,247 Maintenance and other operating expenses 21 76,534,405 68,943,659 Financial expenses 27,370 19,179 Total operating expenses 180,876,071 161,653,085 INCOME FROM OPERATIONS 121,971,862 58,382,023 LOSS ON DISPOSAL OF PROPERTY 4,069,559 13,175,383 NET PROFIT BEFORE INCOME TAX 117,902,303 45,206,640 INCOME TAX EXPENSE 34,229,704 11,588,769 NET PROFIT 83,672,599 33,617,871 See accompanying Notes to Financial Statements.
[Show full text]