STATEMENT FOR

The management of the Davao City Water District is responsible for all information and representation contained in the Statement of Financial Position as at December 31,2016 and the related Statement of Comprehensive Income and Statement of Cash Flows for the period then ended. The financial statements have been prepared in conformity with Philippine Financial Reporting Standards and reflect amounts that are based on best estirnates and informed judgment of management with an appropriate consideration of materiality.

In this regard, management maintains a systern of accourting and reporting which provides for the necessary internal controls to ensure that ,transactions are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and liabilities recognized.

8

Davao City Water District, Davao City Page5 AUDITED FINANCIAL STATEMENTS

DAVAO CITY WATER DISTRICT STATEMENT OF FINANCIAL POSITION As at December 3lr 2016 (lYith comparative figures for CY 2015)

(Amounts in Philippine Peso)

Notes 2016 2015 ASSETS Current Assets

Cash and Cash Equivalents 2.4.1 & 5 495,343,462.26 336,459,676.25 Receivables 2.4.2 & 6 155,744,105.72 164,959,021.48 lnventories 2.4.3 &7 157,402,577.96 161,450,580.98 Prepayments 2.4.4 & 8 29,960,400.79 32,189,379.10 Total Current Assets 838i350,546.73 695,058,657.91

Non-Current Assets Investments 2.4.5 &9 24,729,594.15 24,461,370.13 Property, Plant and Equipment 2.4.6 & t0 1,494,455,577.70 1,269,527,026.61 Construction in Progress 2.4.7 & tt 1,480,941,149.13 932,570,519.02 Other Assets 2.4.8 & t2 2,317,139,634.99 2,081,104,549.51 Total Non-Current Assets 5"317,165,945.96 4,306,663,463.27 TOTAL ASSETS 6,155,516,492.59 5,001,722,121.09

LIABILITIES AND NET ASSETS/EQUITY LIABILITIES Current Liabilities Payable Accounts 2.4.9 & t3 45,118,234.66 41,593,699.09 lnter-Agency Payables 2.4.9 & 14 28,122,623.59 25,070,364.25 Other Liability Accounts 2.4.9 & 15 103,072,413,46 76,190,913.44 Total Current Liabilities 176,313,271.71 142,854,965.19

Non-Current Liabilities Long-Term Liabilities t6 839J08,213.39 494,847,906.00 Deferred Credits 17 0.00 757,835.00 Total Non-Current Liabilities 839,308,213.39 495,605,741.00 TOTAL LIABILITIES 1,015,621,485.10 638,460,706.78

Davao City Water District, Davao City Page 6 ATJDITED FINANCIAL STATEMENTS

DAVAO CITY WATER DISTRICT STATEMENT OF F'INANCIAL POSITION As at December 3lr 2016 (With comparative figures for CY 2015)

(Amounts in Philippine Peso)

Notes 20t6 2015 NET ASSETS/EQUITY Equity Govemment Equity l8 5,139,895,007.49 4,363,261,414.30 TOTAL NET ASSETS/EQUITY 5,I39,895,007.49 4,363,261,414.30 TOTAL LIABILITIES AND NET ASSETS/EQUITY 6,155,516,492.59 5,001,722,121.09

See accompanying Notes to Financial Statements.

Davao City Water District, Davao City PageT AUDITED F'INANCIAL STATEMENTS

DAVAO CITY WATER DISTRICT STATEMENT OF COMPREHENSIVE INCOME For the Year Ended December 31,2016 (With comparative figures for CY 2015)

(Amounts in Philippine Peso)

Notes 20r6 2015 Revenue General Income Accounts l9 2,169,721,103.60 2,022,916,537.68 Less: Current Operating Expenses Personnel Services 2t 425,197,659.97 395,101,829.50 Maintenance and Other Operating Expenses 22 924,375,058.94 747,380,623.93 Financial Expenses z3 39,271,662.97 25,967,712.37 Total Current Operating Expenses 1,338,844,381.88 1,168,450,165.80 Surplus(Deficit) from Current Operations 780,876,721.72 854,466,371.88 Gain/Loss Accounts 20 2,806.25 3,102.36 Surplus /(Deficit) for the period 780,879,527.97 854,469,474.24

See accompanying Notes to Financial Stalernen8.

Davao City Water District, Davao City Page 8 AUDITED FINANCIAL STATEMENTS

DAVAO CITY WATER DISTRICT STATEMENT OF CHANGES IN EQUITY For the Year Ended December 31,2016 (With comparative figures for CY 2015)

(Amounts in Philippine Peso)

Notes 2016 20ts

Government Equity Balance at the beginning of the period l8 4,247,664,985.36 3,528,771,395.92

Additions (deductions) (67,682,552.18) ( 135,575,884.80) Net income (loss) for the period 780,879,527.97 854,469,474.24 Balance at the end ofthe period 4,960,961,961.15 4,247,664,985.36

Donated Capital Balance at the beginning of the period 50,613,211.09 50,613,21 1.09 Additions (deductions) 0.00 0.00 Balance at the end ofthe period 50,613,211.09 50,613,211.09

Restricted Capital Balance at the beginning ofthe period 64,983,217.85 5,643,798.85 Additions (deductions) 63,436,617.40 59,339,419.00 Balance at the end ofthe period 128,419,835.25 64,983,217.85 TOTAL 5,139,895n007.49 4,363,261,414.30

See accompanying Notes to Financial Statements.

Davao City Water District, Davao City Page 9 AUDITED FINANCIAL STATEMENTS

DAVAO CITY WATER DISTRICT STATEMENTOFCASH FLOWS For the Year Ended December 31,2016 (With comparative figures for CY 2015)

(Amounts in Philippine Peso)

Notes 2016 20ts Cash Flows from Operating Activities Cash Inflows: Collection of Receivables 2,087,031,256.57 I ,956,506,929.37 Collection of Business Income 29,178,700.00 22,140,540.62 Collection of Other Income 15,286,342.72 6,543,930.33 Payment of Salaries and Wages 182,866.75 98,286.10 Receipt of Performance/Bidders Bond 3,011,042.99 2,543,960.14 Receipt ofFunds for Specific Purpose 3,557,787.3I 2,063,662.35 Refund ofCash Advance 1,234,370.40 I,410,801.14 Receipt of Guaranty Deposits 135,886.00 134,499.80 Collection of Personal Accounts 1,055,200.92 2,166,675.13 Collection of Overpayment of Expenses 947,585.53 1,969,905.75 Cancellation of Lost/Stale Checks During/In 137,058.93 240,509.97 Prior Years Collection of Other Receivables 1,575,024.51 778,412.37 Total Cash Inflows 2,143,333,122.63 1,996,598,1 13.07 Cash Outflows: Payment of Operating Expenses 967,138,034.07 I ,020,259,5 85.06 Payment of Retirement PaylSeparation Pay 14,798,656.29 9,949,011.69 Remittance of Taxes Withheld from Suppliers, 88,620,337.36 68,2s0,448.40 Contractors and Other Creditors Payment for Prepayments 2,291,093.03 6,429,079.48 Refund of Performance, Guarantee and Bidders 3,924,218.27 1,477,326.46 Bond to Contractors Remittance of Authorized Deduction Withheld 99,961,381.20 96,303,651.44 on Employees (Employees Share) Debit Memo to Accounts Receivable - 1,123,399.43 1,984,266.54 Customers Refund of Guaranty Deposit/Retention Fee 17,314,020.94 27,826,023.21 Total Cash Outflows 1,195,171,140.59 1,232,479,392.28 Net Cash Flows Provided by Operating Activities 948,161,982.04 764,118,720.79

Davao City Water District, Davao City Page l0 AUDITED FINANCIAL STATEMENTS

DAVAO CITY WATER DISTRICT STATEMENTOFCASH FLOWS

For the Year Ended December 31, 2016

(With comparative figures for CY 2015)

(Amounts in Philippine Peso)

Notes 2016 2015 Cash Flows from Investing Activities Cash Inflows: Receipt of Cash from Terminated Time Deposits 653,422,424.46 5\5,310,371.57 under Restricted Fund and Other Adjustments Refu nd from DPWFVCity Governm ent/ City Engineerins Office 1,041,571.60 657,480.69 Total Cash Inflows 654,463,996.06 515,967,852.26 Cash Outflows: Payment for Progress Billing of Contractor for s91,193,224,77 427 Construction for Agency Assets ,127 ,925.35

Transfer of Funds to Restricted Cash Account 982,395298.56 8 r 9,51 1,571.02 Payment of Items Purchased/Property 120,933,047.59 Chargeable to the Project 197,055,792.50 Payment to DPWH, DPWH-District Engineers Office and City Treasurer's Office Charged to E25,852.22 124,684.77 the Project Purchase of Property, Plant and Equipment 46,280,243.44 58,231,289.05 Payment of Salaries and Wages Charged to the 11,567,139.82 9,657,708.35 Proiect Total Cash Outflows 1,753,194,806.39 l,5l 1,708,971.04 Net Cash Flows Used in Investing Activities (1,098,730,810.33) (995,741,1 18.78) Cash Flows from Financing Activities Cash Inflows: Receipt ofCash Loan Proceeds 379,739,160.55 340,799,7',13.72 Total Cash Inflows 379,739,160.55 340,799,773.72 Cash Outflows: Payment for Amortization of Domestic Loans 70,286,546.25 44,091,966.65 Total Cash Outflows 70,286,546.25 44,091,966.65 Net Cash Provided by financing Activities 309,452,614.30 296,707,807.07 Increase in Cash and Cash Equivalents 158,883,786.01 6s,085,409.08 Cash and Cash Equivalents, January 1,2016 336,459,676.25 271,324,267.17 Cash and Cash Equivalents, December 31r 2016 5 495,343,462.26 336,459,676.25

See accompanying Notes lo Financial Sralements.

Davao City Water District, Davao City Page I I NOTES TO FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS (All amounts in Philippine Peso unless otherwise stated)

1. Agency Background

Presidential Decree No. 198, otherwise known as the Provincial Water Utilities Act of 1973, as amended by Presidential Decree Nos. 768 and 1479 and Republic Act 9286 provides that it is the declared national policy of government to favor the local operation and control of water systems thru the water districts. As such, Water Districts are established to facilitate the maintenance and improvement of the water utilities sector. Title III of said Presidential Decree prescribes the governance and administration of the water utilities with the creation of the Local Water Utilities Administration (LWUA). The Agency is tasked to provide financial, technical, and institutional development and regulatory services to established water districts nationwide. ln 1973, Davao City Water District (DCWD), herein referred as "District", was created operating as a quasi-public utility under a semi-government status, implemented its projects in calculated phases and stages. Transmission and distribution lines, sources, pumping stations and reservoirs multiplied in large proportions as DCWD coped with Davao City's progress.

On March 12, 1992, the Supreme Court declared with finality that all water districts in the country oreated under PD 198 are government-owned or controlled corporations (201 scRA s93).

The mandates of the District are as follows:

a To acquire, install, improve, maintain and operate water supply and distribution systems for domestic, industrial, municipal and agricultural uses for residents and lands within the boundaries of the district;

a To provide, maintain and operate waste water collection treatment and disposal facilities; and

a To conduct such other functions and operations incidental to water resources development, utilization and disposal within the district necessary or incidental to said purpose.

Mission

"We commit to supply potable and affordable water 24 hours a day, provide wastewater treatment services, operate efficiently, take a proactive role in environmental concerns and keep a competent workforce."

Davao City Water District, Davao City Page 12 NOTES TO FINANCIAL STATEMENTS

Vision

"Best water and wastewater service provider with utmost care for the people and the environment."

The policy-making body of the water district is the Board of Directors, composed of five members.

Name Designation Sector

Mr. Eduardo Bangayan Chairman Business Atty. Abdul M. Dataya Vice Chairman Professional Mrs. Ma. Luisa L. Jacinto Secretary Women Atty. Charmalou D. Aldevera Member Civic Serafin C. Ledesma, Jr. Member Education

Section 8 of the PD 198, as amended, provides that the LWUA may appoint any of its personnel to sit in the Board as its sixth member, with all the rights and privileges appertaining to a regular member of the board, when such water utility avails of financial assistance from the LWUA and until the indebtedness is fully paid.

The operation of the District is headed by acting general manager, Mildred G. Aviles, appointed by the Board of Directors. The general manager, subject to the approval of the Board, has full supervision and control over the maintenance, operation, and construction of water supply and wastewater disposal and administrative facilities of the district with full power and authority to exercise management prerogatives.

The District, the largest water district in the Philippines, has 209,798 active service connections and serves an estimated population of 1,048,990 as of December 31,2016.

Operational Highlights

Comparative Sources and Application of Funds

During the year, the District's level rate in Personal Services increased by 8%. Further, MOOE and Financial Expenses increased by to 24o/o and 5lo/o, respectively.

Increase 2016 2015 o/o Source of Funds (Decrease) Current Operating 2,091,154,894.00 1,961,761,464.00 129,393,430.00 7% Budget Application of Funds Expenses: Personal Services 425,197,659.97 395,101,829.50 30,095,830.47 8%

Davao City Water District, Davao City Page 13 NOTES TO FINANCIAL STATEMENTS

MOOE 924,375,058.94 747,380,623.93 176,994,435.01 24% Financial Expenses 39,271,662.97 25,967,712.00 13,303,950.97 5loA

Year End Status of 2016 Programs and Projects

: ]:IAKUE'Ii:]:]: r:.:lsHlI{&fi:f: i. Drvro Bulk Wrter ECD/PMO Completed: I I l 00,0070 Supply Project:

No. of projects completed I r00.00%

Length of additional pipelines laid 3,37 5 3,37s 100.00% (in lm.) Construction Work in Progress: In various

Construction of facilities I stages

Construction of resewoirs 2 (e.g. ongoing construction/ pipclaying) Improvement of pipelines 9

Laying of additional pipes

Improvement of Wster Supply Systems in:

ECD/PMO for production wells 2 2 100.00% reconstructed/constructed/improved

Tugbok No. of wells commissioned I I 100.00%

Panacm Additional volumc of water (cu.m.) 584,72 584,726 t00.00% 6

Toril Produced r00.00% Indangm No. of wells drilled 3 3

No. of DCWD facilities irnproved I I 100.00%

Length ofadditional pipelines laid (in 6,438 6,054 94.04% lm.) CONSTRACTION WORX IN PROGRESS

Dumoy ECD/PMO No. of projects implemented

In various

Davao City Water District, Davao City Page 14 NOTES TO FINANCIAL STATEMENTS

Tugbok Construction of facilities 3

stages Panacan Exploratory drilling of wells 2 (e.g.ongoing construction/ pipelaying) Tibungco Construction of reservoirs

Improvement of pipelines I

Laying of additional pipcs 2

District Meacred PAMD Arcrs (DMAs) No. of DMAs established 6 4 66.61o/o No. of additional service connections 5,071 2,812 55.450/" monitored

Meinline PAMD 97.20% Replecemeol Progrsm (MRP) Percentace comoletion t00.00% 97.200/0 96.34o/o Length ofpipelines roplaccd (in lm.) I,078 t,039 '18 80 t02.56%

No. of seruico comections with improved oioelines Prcssure Monitoring PAMD No. ofpressure regulating valves 50.00o/o Progrem installed 6 3 No. of pressure monitoring stations 20 0 0.000/0 established

No. ofPRV contsollers installed 5 0 0.00o/o

nole: on approved pe li lions lrom communit ies/orgoniiltions

Chrnge Metcr Progrrm PAMD No. ofwater msters changed 7l.6lo/o l3 mmo 29,000 20,766 157.00vo 20 ms- l 50 mrno t00 157 Msinline ECD Length of pipelines expanded/ improved 13,5 l6 Exprnsion/Improvemcnt (in lm)r Proiects

as requested ,| Adopt-A-Sitc Prcject CREAD No. of additional adoptcrs 5 140.007o

Mt. Talomo- Lipadas Watershod

Davao City Water District, Davao City Page 15 NOTES TO FINANCIAL STATEMENTS

Malagos Watershcd

No. ofhectares adopted 8 l6 200.000/0

Netionel Grccning CREAD No. oftrees planted 4,950 5,500 It.lo/" Progrrm (NGP)

SirIf Devclopment t73.94% Programs

HRD Average no. of training hourVemployee l6 2',1.83 "Ugmad Kaalam" CREAD No. ofacademic scholars supported I9 l9 100.00%

No. ofbeneficiaries 485 485 t00.00%

No. ofout-of-school youth trained 39 39 100.00%

"Amoma st No. of progrms implemented./conducted 4 4 100.00% Komnniiad"

No. of benificiary barugays 30 l7 56.670/o

Community Cere No. of progrms implemcnted/conducted 2 2 100.00%

No. of benificiary bamngays 6 6 t00.00%

No. ofbeneficiaries 856 856 t00.000/"

Scctorrl Support No. of programs implemented 3 3 r00.00%

No. ofbeneficiaries t,179 |,t79 100.0070

Davao City Water District, Davao City Page 16 NOTES TO FINANCIAL STATEMENTS

2017 ANI)

RESPO NSIBLE BUDGET MAJOR FINAL OUTPUT/ STRATEGIC GOAL/ FUNCTIONAL AREA/ DEPAR TIME PROGRAIII/ PROJECT/ TMENT

MFO: WATER FACILITY SERVICE MANAGEMENT

l. Exceed by 50% the projected

water demand covered by our available resources

A. Infrastructure Development

A. I . Increase water supply at an annual average of l5 million cu.m. in water production by commissioning wells under MTDP Non-TSWD Projects (average of 8olo increase in water supply per year)

I Water Supply System (WSS) Improvements in the following WSS:

Dumoy System

a. Re-drillrng of Dumoy PW No. 3

a. l. Detailed Engineering ECD Apr OPEX 20t'7- Aug 2017 a.2. Procuremenl ECD/BA Sept C 2017)an 20t 8 a.j. lmplemenlation PMO Feb 8,000,000 201 8-Jul 201 8

Tugbok Svstem

a. Construction offacilities for Tugbok PW No. 9 and its transmission line and construction of 500 cu.m. elevated reservoir

a. l. Delailed Engineering ECD Jul 20 I 7- OPEX Nov 2017 a.2. Procttrement ECD/BA Dec C 2017- Apr 201 8 a.3. Implementation PMO Apr 62,600,000 201 8- Apr20l9

b. Pipelaying at the intersection ofBaliok Road and Sitio Nalum down to Bago Gallera Road to Davao

b. l. Detailed Engineering ECD Apr OPEX 2017- Aug 2017 b-2- Procuremenl ECD/BA Sept C 2017-Jan 201 8 b.3. Implementation PMO Feb 19,718,500 2018- Sept 20r I

Davao City Water District, Davao City Page 17 NOTES TO FINANCIAL STATf,MENTS

c. Pipelaying from San Francisco St., Mintal to Mintal Relocation, Sto. Niflo, Tugbok

c. l Detailed Engineering ECD May OPEX 2017- Sept 2017 c.2. Procurement ECDiBA Oct C 20 I 7-Feb 201 8 c.3. Implementalion PMO Mar 9,348,000 201 8- Aug 201 8

Toril System

a. Pipelaying from Toril bridge along Delos Reyes St. going to Piedad to comer Agton St.

a. l. Detailed Engineering ECD Jul 20 I 7- OPEX Nov 20t7 a.2. Procurement ECD/BA Dec C 20t7- Apr 201 8 a.3. Implemenation PMO May 6,000,000 2018- Dec 201 8

b. Pipelaying from Rasay St. going to De Guzman to comer Dr. Cirineo St., and Aquarius to Leo St.

b. l. Detailed Engineering ECD Aug OPEX 2017- Dec 20t7 b.2. Procurement ECD/BA Jan C 2018- May 201 8 b.3. lmplemenation PMO Jun I 0,022,600 20 I 8-Jan 20t9

Lubogan System

a. Pipeline improvement from junction of Lubogan Cemetery to junction of Sitio Bagahai, Baliok Road

a. l. Detailed Engineering ECD May OPEX 2017- Sept 2017 a-2. Procurement ECD/BA Oct

C 20 1 7-Feb 20r8 a.3. Implementation PMO Mar 20,000,000 20 I 8-Oct 201 8

Davao City Water District, Davao City Page l8 NOTES TO FINANCIAL STATEMENTS

b. Pipelaying of transmission/distribution line from Dacoville PW No. I down to junction of Davao-Cotabato Road and comer ofDofra Carmen Street to Brown St. (Dacoville Subd.)

b.1 . Detailed Engineering ECD Apr OPEX 201'7- Aug 20t7 b.2. Procuremenl ECD/BA Sep C 2017-Jan 201 8 b.3. Implementation PMO Feb 32,000,000 2018- Sept 20r8

c. Lot acquisition for Lubogan PW No. 4 and Reservoir

c.l. Lolacquisilion ECD/FP Jan 6,100,000 D/LD 2017- Dec 2017

d. Installation of 200mmO PRV at Manggahan, Upper Lubogan

d.l . Deailed Engineering ECD Apr OPEX 20 I 7-Jul 20t7 d.2. Procuremenl ECD/BA Aug C 20t7- Dec 2017 d.3. lmplemenlolion PMO Jan 2.s00,000 201 8- May 201 8

Binusao-Sirawan System a. ConstructionoffacilitiesforBinugaoPWNo. l, reservoir and pipelaying of transmission/ distribution line to corner ofLower Binugao

a. I Detailed Engineering ECD Jun OPEX 2017-Oct 20t7 a.2. Procuremenl ECD/BA Nov C 20t7- Mar 201 8 a.3. Implementation PMO Apr 70,300,000 2018- Mar 20t9

b. Pipelaying of distribution line along Davao- Cotabato Road from Curved, Lizada going to Brgys. Srrawan and Binugao

b. l. Detailed Engineering ECD Jun OPEX 2017- Nov 20t't

Davao City Water District, Davao City Page 19 NOTES TO FINAI\CIAL STATEMENTS

b.2. Procuremenl ECD/BA Dec C 20t7- Apr 201 8 b.3. Implementation PMO Apr 76,800,000 201 8- Apr20l9

Gumalane System

a. Lot Acquisition for Gumalang PW No.l and Elevated Reservoir No. I

a.l. Lot acquisilion ECD/FP Jan 6,100,000 DILD 2017- Dec 2017

Panacan System a. Re-drillingofPanacanPWNo.l

a. l. Detailed Engineering ECD sep OPEX 2017-Jan 20r 8 a.2. Procuremenl ECD/BA Feb C 20 I 8-Jun 201 8 a.3. Implemenation PMO Jul 20 I 8- 8,000,000 Dec 20r8

Cabantian Svstem

a. Construction of f-acilities for Cabantian PW No. 3

a. l. Delailed Engineering ECD Jan OPEX 2017- May 20t7 a.2. Procurement ECD/BA Jun C 2017-Oct 20t't a.3. Implemenlation PMO Nov 7,000,000 201'1- Aug 201 8

2 Mainline Extension/ Improvement Program ECD Jan-Dec 10,000,000

3 Groundwater Management Plan

a. Lotacquisitionformonitoring/observationwells ECD Jan-Dec 5,400,000 (Groundwater Flow Model)

MFO: WATER FACILITY SERVICE MANAGEMENT/ GENERAL ADMINISTRATION AND SUPPORT SERVICES B. Production B.l . Water Source Sustainability I Watershed Management/Rehabilitation Program in the following watersheds: Mt. Talomo-Lipadas Watershed

Davao City Water District, Davao City Page 20 NOTES TO F'INANCIAL STATEMENTS

a. Adopt-A-Site Project CREAD Jan-Dec Adopters' Fund/ OPEX

b. DCWD-DENR National Greening Program (NGp) CREAD Jan-Dec OPEX DCWD counterpart

c. Forest and Biodiversity Protection

Malagos Watershed

a. AdopFA-Site Project CREAD Jan-Dec OPEX

b. Maintenance and improvement ofnursery, Lagundi area, CREAD Jan-Dec OPEX creeks ad tributaries, bunkhouse, field office, and guard house

Mt. Tipoloe-Tamugan Watershed

a. Riverbank Rehabilitation CREAD Apr - OPEX Dec b. Watershed Rehabil itation Project CREAD Jan-Dec OPEX

c. Alternative Planting in Non- Tillage/Agro-Forestry CREAD Jul - Sept OPEX Areas

d. Adopta-site CREAD Jan-Dec OPEX

1.2. Environmental Monitoring

a. Water quality monitoring at river sampling stations CREAD Jan-Dec OPEX

b. Community-Based Water Quality Monitoring CREAD Apr-Dec OPEX (CBWQM) in People's Organizations sources of drinking water

8.2. Ensure continuous water quality improvement

2.t. Water Quality Management (WQM)

a. Water, Sanitation and Hygiene (WASH) in the CREAD Apr-Dec OPEX watershed areas

2.2. Implementation of Water Safety Plan (WSP) PD Jan-Dec OPEX

8,3 Ensure continuous supply ofwater

3.1. MaintenanceofProductronand Pumping/Treatment Facilities and Equipment

a. Maintenance of Production Wells and Pumping Equipment a.l. Implementation of'predictive PD Jan-Dec OPEX malntenance actlvrtles

a.2. Implementation of preventive PD Jan-Dec OPEX maintenance activities

Davao City Water District, Davao City Page2l NOTES TO FINANCIAL STATEMENTS

b. Maintenance and lmprovement ofStructures PD Jan-Dec OPEX

c. Electro-Mechanical Plant Saf'ety Program PD Jan-Dec OPEX

d. Pumps, Motors and Accessories Spare Program

d. L Acquisitron of pumps and motors PD Jan-Dec 26,171,040

MFO: WATER DISTRIBUTION SERVICE MANAGEMENT

C. Operations

C.l. Increase operational efficiency by focusing on water loss reduction programs

I Meter Management

a. Change Meter Program ( I 3mmo to l00mmO)

a. l. Replacement of 25,000 pcs. ( l3mmO) PAMD Jan-Dec 38,500,000

a.2. Replacement of 240 pcs.2Omm0 to CSD, Jan-Dec OPEX l00mmo PAMD

a.3. Acquisition of l5 units of 50mm@ CSD, Jan-Jun 4,452,N0 electromagnetic water meters (EMF) FPD

a.4. Acquisition of 6 units of l00mm0 CSD, Jan-Jun 2,419,200 EMF FPD

b. Proactive Meter Management of Large Commercial Meters

b. I . Inspection of large commercial meters GSD Jan-Dec OPEX

t.2. Pressure Management

a. lnstallation ofPressure Regulating Valves(PRVs) in the PAMD Jan-Dec 5,412,960 following WSS:

Dumoy WSS (3 units)

Tugbok WSS (4 units)

Lubogan WSS (l unit)

b. Advanced Pressure Management through the Use of PAMD Jan-Dec 12,398,400 Pressure Regulating Valves (PRVs) controllers

b. L lnstallation of PRV controllers in the following WSS:

Dumoy WSS (7 units)

Tugbok WSS (2 units)

c. lnstallation of Pressure Monitoring Stations (PMS) in PAMD Jan-Dec 3,920,000 the following WSS: - DumoyWSS(l3stations)

- Tugbok WSS (2 stations)

d. Management of"Low Pressure PRVs" through the use PAMD Jan-Dec 806,400 of a modified altitude pilot

Davao City Water District, Davao City Page22 NOTES TO FINANCIAL STATEMENTS

1.3. Leak Management

a. Acquisition ofadditional loak detection equipment PAMD Jan-Dec 3,752,000 (ground microphone)

b. Monitoring and survey ofestablished Leak Detection PAMD Jan-Dec OPEX Zones

Caretaker System 1.4. a. Creation ofsix (6) additional caretaker areas PAMD Jan-Dec OPEX

MFO: WATER DISTRIBUTION SERVICE MANAGEMENT

IL Achieve a Philippine National Standards for Drinking Water (pNSDW) quality of water in all water supply systems

A. Production

A.l. Ensure PNSDW compliance

l.l . Water Quality Management

a. Water Quality Control/ Assurance Monitoring PD a.l. Conduct ofthe following laboratory analyses:

- Microbiological Jan-Dec OPEX

- Physical-chemical Jan-Dec OPEX

- Organic Chemical Apr-May OPEX Constituents

Disinfection-by- Apr-May OPEX products (DBP) SDT/CDT Jan-Dec OPEX

a.2. Acquisition/upgrading of laboratory PD Jan-Dec 8,092,845 equipment and instrument

MFO: WATER FACILITY SERVICE MANAGEMENT

Ill. Fully implement Phase I of the Septage Management Program

A. Infrastructure Development

A.l. Provisionofsanitationservicesthrough implementationofSeptage Management Program (SMP)

a. Septage Management Program

a.l. Conduct of Information, Education and Communication Septage Jan-Dec OPEX (Campaign) Committ eel CREAD/ PCSO

a.2. Lot acquisition for the Septage Treatrnent Plant (SpTP) Septage Jan-Dec c/o carry- Committ over ee/ budget

Davao City Water District, Davao City Page23 NOTES TO FINANCIAL STATEMENTS

a.3 Preparation of documents for the LWUA Tariff Jan-Dec OPEX Mechanism Approval PCSO a.4. Conduct ofcapacity building on Conceptualization of Jan-Dec OPEX System Operations Manual

a.5. Preparation of preliminary Terms of Reference (TOR) Jan-Dec OPEX

MFO: SUPPORT TO OPERATIONS (sro) IV Improve customer service

A. Customer Service A.l. Standardization/StreamliningofQualityCustomerService

L l. Customer Care and Welfare Program

a. Installation of7,800 New Service Connections

a.l Acquisition of the following water CSD Jan-Jun meters:

l3mmO (7,780 pcs. of mechanical I 1,981,200 water meters)

50mm0 (18 pcs. EMF) 5,342,400

200mm0 (2pcs. EMF) 963,200

b. Strengthening and monitoring of the implementation of standards and procedures ofthe tiontline services as specified in the DCWD Citizen's Charter

bl Processing ofapplication for new service connection (NSC)

b. L l. Provision ofthe ICTD, Jan-Jul OPEX tbllowing modules: CSD - Online (web-based) Application and Submrssion of NSC and change Name Request Forms

Online (web.based) Orientation Scheduler System

Online (web-based) Orientation Attendance System with Database ofqualified customers for rssuance of NSC

6.2 Customer Services

Davao City Water District, Davao City Page24 NOTES TO FINANCIAL STATEMENTS

b.2.1 Acquisition of 1,200 CSD Jan-Dec 1,848,000 pieces of l3mm0 water meters

b.3 Payment of water bills

b.3.1. Water Bill Payment FPD Jan-Dec OPEX through LBP ATM Debit Card and Mobile banking services

b.4 Processing of request for water service reconnection

b.3.1 Acqursition 5,000 CSD, Jan-Dec 7,700,000 preces of l3mm@ water FPD meters b.5 Processing of request for transfer meter CSD, Jan-Dec OPEX PAMD

A.2. Institutionalization of Customer Feedback Mechanism

2.1. Customer Feedback Surveys

a. Preparation and provision ofmodule on Customer ICTD, Jan-Dec OPEX Satisfaction Survey System CSD

b. ConductofRiderSurvey CPD Jan-Dec OPEX

A.3. Public InformationDisseminationManagemenVlmprovement

3.1 IEC Production (Public information campaigns on all DCWD CREAD Jan-Dec OPEX programs and projects)

3.2. Special Events CREAD Jan-Dec OPEX

a. Conduct ofactivities to create and increase public awareness on environment issues and DCWD operation and services

3.3. Information campaign utilizingquad-mediastrategies CREAD Jan-Dec OPEX

A.4 Automation of Service/ Interactive Centers

A.4. l. Comprehensive Customer Service Program (CCSP)

a. Management of Customer Accounts thru Spot Billing CSD, Jan-Dec 6,328,000 Services and Upgrading ofMeter Reading System ICTD

MFO: GENERAL ADMINISTRATION AND SUPPORT SERVICES v. Attain a 98% Employee Satisfaction Rating

A. Human Resource

A.l. Recruitment, Selection and Placement

Ll, Rationalization ofOrganizational Structure

a. Implementation ofPhase 28 ofthe approved HRD Jan-Dec OPEX Recategorization of the Revised Local Water District

Davao City Water District, Davao City Page25 NOTES TO FINANCIAL STATEMENTS

A

b. Filling up ofvacant permanent positions HRD Jan-Dec OPEX

t.2 Conduct of level up assessment ofapplicants in accordance with Program to lnstitutionalize Meritocracy and Excellence in Human Resource Management (PRIME-HRM)

a. Design and admrnister appropriate written examinations HRD Jan-Dec OPEX and various competency-based assessment tools such as simulation, psychological assessment, Behavioral Event Interview (BEI) and Background Interview (BI)

b. Come up with a web-based PRIME-HRM system which HRD, Jan-Dec OPEX links recruitment, selection and placement (RSP) to ICTD other HR systems

A.2. Performance Management System

2.1. Strengthening of Strategic Performance Management System (sPMS)

a. Continue coordination with the Civil Service HRD, Jan-Dec OPEX ' Commission on the implementation of SPMS ICTD

b. Establish core competencies tbr all positions HRD, Jan-Dec OPEX ICTD c. Come up with electronic copy of interactive HRD, Jan-Dec OPEX Perfbrmance Commitment Evaluation and Development ICTD Plan, which is linked to the existing HRIS

A.3. L,earning and Development

3.1. Careerand DevelopmentPrograms

a. Staffdevelopment programs

a.l Conduct of the following in-house HRD Jan-Dec OPEX training programs: - Leadership and Management Program

Comprehensive Orientation for Employees (COrE) Programs Administrative Programs Occupational Safety and Health

Technical /Operations programs

Values development and enhancement

ISO training series

Other mandated trainings

Davao City Water District, Davao City Page26 _NOTES TO FINANCIAL STATEMENTS

a.2. Send employees to invitational HRD Jan-Dec OPEX train ings, conf'erences and conventions

b. In-house subject matter expert/resource speakers HRD Jan-Dec OPEX (SMERS)

b. I. Conduct ofseries oftraining for potential in-house SMERS

c. Needs assessment

c. I. Conduct ofJob Satislaction Survey HRD Jul-Dec OPEX

c.2. Conduct of Training Needs HRD May-Jul OPEX Assessment for SOCEMWIC

3.2. Certifi cation program development

a. Identification of competency gaps among DCWD,s core HRD Jan-Dec OPEX functions

b. Development of Water Utility Operators Certification HRD Jan-Jun OPEX program

3.3. Enhancement ofnetwork and linkages with other learning service providers

a. Attendance to conventions and water related events HRD Jan-Dec OPEX

b. Membership to committees HRD Jan-Dec OPEX

A.4. Rewards and Recognition

4.1. Occupational Safety and Health Standards

a. Get Employees to Act Responsively and Safely towards Zero Accident Program (GEARS TO ZAP)

a. l. Provision ofPersonal Protective PCSO Jan-Dec OPEX Equipment and conduct ofsafety educational campaign among field employees

b. Disaster Preparedness Program

Conduct of the fbllowing drill PCSO Jan-Dec OPEX b.l activities: - Fire Safety and Emergency Procedures - Ea(hquake Preparedness

- Bomb Threat Orientation - Incident Command System Orientation for Management

Davao City Water District, Davao City Page27 NOTIS TO FINANCIAL STATEMENTS

4.2. Health and Wellness program a. Continue promotion on health, wellness and fihress HRD Jan-Dec OPEX among employees through IEC, training, mandatory APE, bloodletting, vaccination/ immunization, health and wellness fair, weight loss challenge

4.3. Establishment of database of all recognition system

a. Set up database ofall recognition system HRD Jan-Dec OPEX

MFO: GENERAL ADMINISTRATION AND SUPPORT SERVICES vl. Sustain a sound financial condition

A. Financial Management

A. I. Improvement of Asset Management to generate more revenues

l.l Management of Working Capital

a. Receivable Management through the implementation of CSD, Jan-Apr OPEX the Classification Schemes for Commercial C- l .25 ICTD customers

a. I Revisit and validate Commercial class l.25

MFO: STJPPORT TO OPERATIONS/Gf,NERAL ADMINISTRATION AND SUPPORT SERVICES

vll. Achieve an efficient use ofthe district's assets and resources

A. AsseV Resource Management

A.l. Improvement of information and communications technology

l.l. NetworkEnhancement

a. Improvement of information and communications ICTD Jan-Dec 28,325,400 technology infrastructure/equipment

a. [. Replacement ofcomputers used by tellers

a.2. Upgrading ofcomputers

a.3. Soltware requirements

a.4. Other IT requirements and network infrastructure

t_2. Integration of all information and communications technology ICTD Apr-Dec 2,000,000 platforms through Business Intelligence (BI)

1.3. Computerized Application Systems Improvement

a. Design and development ofa prototype ofNew Online ICTD Jan-Dec OPEX Collection System

Davao City Water District, Davao City Page 28 NOTES TO FINANCIAL STATEMENTS

b. EnhancementofNewServiceConnection System ICTD, Jan-Jul OPEX (NSC) IAD

c. Enhancement of Vehicle and Equipment Maintenance OPEX System (VEMS) ICTD, GSD Jan-Sept

d. Improvement of processing of maintenance order ICTD Jan-Dec OPEX through utilization of mobile application services

e. Documentation of existing computer application systems ICTD Jan-Dec OPEX

f Updating of customer records in relation to the GIS map ICTD Jan-Dec OPEX layer information (water source, barangay, etc.)

Improvement/IVlanagement of Facilities, Structure and Equipment

A.2, 2.1. Transport Facilities/Heavy and lndustrial Equipment Management

a. Vehicle Management GSD Jan-Dec 15,300,000

L300 Van (l unit)

Asian Utility Vehicle (AUV) (5 units)

Truck with Stainless Steel Water Tanker (l unit)

Motorcycle (Company) (5 units)

b. Vehicle/Fleavy and Industrial Replacement Program GSD Jan-Dec 44,580,000

- Asian utiliry vehicle (AUV) ( 12 units)

- Truck with Stainless Steel Water Tanker, 12,000 liters tank

- Pick up (4 units)

- Crossover Utility Vehicle, Brand New ( I unit)

Motorcycle (Company) (4 units) Portable Air Compressor with 2 units Jack Hammer or Pneumatic Pavement Breaker, Brand New

Excavator

2.2. Water Treatment EquipmenUAppurtenances Management

a. Maintenance of water treatment equipment and GSD Jan-Dec 8,577,700 appurtenances

Davao City Water District, Davao City Page29 NOTES TO FINANCIAL STATEMENTS

b. StorageFacilities/Warehousing FPD, 760,000 PAMD Jan-Dec

4.3 Physical Working Condition Maintenance

3. l. Maintenance and Improvement of Structures

a. Construction ofOffice and Pipeshed at Catalunan Grande FPD Jan-Dec 30,000,000

b. Fencing of DCWD lots 10,000,000 FPD Jan-Dec c. Renovation of Victoria PIaza Collection Center FPD Jan-Dec 1,500,000

Installation of LED and digrtal signage for the CREAD, Jan-Dec 10,080,000 information dissemination media rn the new Matina ICTD building

A.4. Inventory Management

4.1. Bar Coding System for all DCWD Assets (PPE & Non-PPE) FPD, Jan-Dec OPEX ICTD 4.2. Bar Coding System for all Materials and Supplies on FPD, Jan-Dec OPEX ICTD stock

4.3. Appraisal of all DCWD Properties FPD Jan-Dec OPEX

A.5. Maintain availability ofvarious sizes ofpipes and other necessary materials for installing altemative pipelines in times of emergency/ disaster

5.1. Buffer stocks FPD Jan-Dec 5,000,000

A.6. Promote operational efficiency thru operations review and systems audit

6.1. Operations and financial review and systems audit IAD Jan-Dec OPEX

MFO: QUALITY MANAGEMENT SYSTEM (QMS) 4.7. ISO-AIigned Quality Management System (QMS) Documentation

7.t. ISO I 7025 Accreditation of Water Meter Calibration GSD Jan-Dec OPEX Laboratory

1.2. Draft Quality Manual in preparation for the ISO/IEC 17025 PD Jan-Dec OPEX accreditation of DCWD Physical-Chemical and Microbiological Laboratories

ISO Accreditation for Total Quality Management OGM Jan-Dec 2,000,000 7.5.

MFO: GENERAL ADMINISTRATION AND SUPPORT SERVICES VIII. Promote sustainable and/ or gender responsive community relations/ development programs A. Corporate Social Responsibrlity

Davao City Water District, Davao City Page 30 NOTES TO FINANCIAL STATEMENTS

A.l Implementation of strategic community relations programs by integrating social, environmental, and organizational lenses in all developmental efforts

l.t. Educational Support CREAD Jan-Dec OPEX t.2. Community Care CREAD Jan-Dec OPEX 1.3. Enhance Disaster Preparedness Capability CREAD/ PCSO Jan-Dec 3,300,000 1.4. Water, Sanitation and Hygiene (WaSH) CREAD Jan-Dec OPEX t.5. Capacity Building CREAD Jan-Dec OPEX

B. Gender and Development (GAD) B.l . Improvement of water supply system resiliency by continuing to develop alternative sources and improvement ofexisting water supply system l.l. Establishment of Rural Water Supply Prqects under Corporate CREAD/ Jan-Dec 18,500,000 Social Responsibility (CSR) in the following barangays: ECD

A. Gumalang b. Wines c. Tawan-Tawan d. Gatungan e. Lacson f. Tambobong

8.2. Integration ofGender empowerment addressing gender issues on CREAD Jan-Dec I,500,000 water, sanitation and hygiene (WaSH)

2.1. CommunityOrganizing

2.2. Gender Analysis

2.3. Community EmpowermenVCapacity-building

B.3. Mainstreaming Gender and Development (GAD) in the organization's CREAD/ Jan-Dec programs and operations HRD

3. l. Gender Sensitivity Training (GST) for employees 400,000

3.2. Production and distribution of customized IEC materials on 50,000 GAD 3.3. Participation to GAD Advocacy Programs initiated by 50,000 government/private/civil societies

3.4. Orientation on the promotion ofbreastfeeding, family planning, 50,000 maternal health care and other reproductive health risk

3.5. Conduct seminar/symposium to employees tbr prevention on s0,000

reproductive tract illnesses and other gynecological conditions and disorders

Davao City Water District, Davao City Page 3 I NOTES TO FINANCIAL STATEMENTS

2. Summary of Significant Accounting Policies

The significant accounting policies that have been used in the preparation of these financial statements are summarized below.

2.1 Basis of Financial Statement Presentation

Davao City Water District has adopted the Philippine Financial Reporting Standards (PFRS). Corollary thereto, it observes the reportorial requirements of regulatory agencies such as the Commercial Practices Systems (CPS), an accounting system prescribed by the Local Water Utilities Administration (LWUA).

With the implementation of the New Government Accounting System (NGAS) under COA Circular No. 2004-002, dated April 29, 2004, the District is required to convert their accounts to NGAS.

Subsequently, LWUA issued Memorandum Circular No. 003-08, dated June 16, 2008, prescribing the use of the CPS-NGAS Modified Chart of Accounts to facilitate the implementation of a unified accounting system that conforms to both NGAS and LWUA's regulatory and reportorial requirements. Understandably, both CPS and NGAS, as their names connote, are accounting systems needing the further guidance of standards prescribed under the PFRS.

The financial statements have been prepared using the measurement bases specified by PFRS for each type of asset, liability, income and expense. These financial statements have been prepared in the historical cost basis, except for the revaluation of certain financial assets, property, plant and equipment and investment property. The measurement bases are more fully described in the accounting policies that follow.

The financial statements were generated thru Electronic-New Government Accounting System (e-NGAS) effective January 1 , 2007 as amended per COA Circular No. 201 0-00 I dated March 12,2010.

2.2 Basis of Recording

The District adopts the accrual method of accounting. All expenses are recognized when incurred and reported in the financial statements in the period to which they relate. Income is on accrual basis except transactions where accrual basis is impractical or when law requires other methods.

The District adopts the COA Chart of Accounts as provided in COA Circular No. 2004- 002 dated April 29, 2004.

Davao City Water District, Davao City Page32 NOTES TO FINANCIAL STATEMENTS

2.3 Monetary Denomination Used

These financial statements are presented in Philippine pesos, the District's functional culrency, and all values represent absolute amounts except when otherwise indicated.

2.4 Significant accounting policies observed for each account

2.4.1 Cash and Cash Equivalents cash includes cash on hand and cash in banks (local and foreign currency).

Cash is valued at face value and cash in foreign currency is valued at the current exchange rate. It includes petty cash and/or revolving fund. Office collections are deposited the following day.

Petty Cash Fund shall be maintained under the Imprest System. All replenishments are directly charged to appropriate expense account. The fund shall be sufficient for the non- recurring, emergency, and petty expenses.

Cash equivalents are short-term, highly liquid investments readily convertible to known amounts of cash with original maturities of three months or less from date of acquisition and are subject to insignificant risk of changes in value.

2.4.2 Receivables

Receivables are stated at face value less allowance for uncollectible accounts

Allowance for probable losses is set up at a level to provide for potential receivables, the collection of which is considered remote.

Periodic evaluation of accounts is conducted to identif,i those requiring sufficient level of allowance and determine proper level thereof.

The District followed the practice of specific identification in charging bad debts in 2015

On the other hand, this year an Audit Observation Memorandum (AOM No.BWD20l6- 06-03(2015) dated June 10, 2016 was received by the District with the finding:

"Non-recognition of impairment loss on past due accounts receivable amounting to Php172,732,979.26 as of December 31, 2015, is not in accordance with Philippine Accounting Standards (PAS) 39".

Davao City Water District, Davao City Page 33 NOTES TO FINANCIAL STATEMENTS

In response to the aforesaid AOM No.BWD20l6-06-03(2015), in 2016 an amount equivalent to accounts Receivable (ages more than I year) will be identified by the management to have been impaired through the use of Aging of accounts receivable.

As per PAS 39, the carrying amount of the asset shall be reduced either directly or through the use of an allowance account.

2.4.3 Inventories

Inventories are stated at cost which includes purchase price, import duties and taxes, freight, handling and other costs directly attributable to the acquisition of finished goods, materials and services as well as other costs incurred in bringing the inventories to their present location and condition.

Cost of ending inventory of supplies and materials is computed using the moving average method. A physical count is undertaken at least once a year.

Inventories include assets held for transfer and for consumption in the normal course of operations. Inventories of the District include materials and supplies that are kept in stock for future use in operations. These are grouped into office supplies, plant materials and operating supplies, electrical supplies, spare parts, and other supplies inventory. (COA Resolution No. 2006-006 dated 31 January 2006).

Purchase of supplies and materials for stock, regardless of whether or not they are consumed within the accounting period, shall be recorded as inventory following the perpetual inventory method.

2.4.4 Prepayments

Prepayments are measured at cost. Prepayments are prepaid insurances and other expenses applicable to future period.

This account includes advance payment to different suppliers for the construction of various infrastructure projects of the District.

2.4.5 Investment

This amount is set aside for liquidation of long term debts in case of default. This pertains to the Sinking fund of DCWD/LWUA Joint Account deposited under Land Bank of the Philippines.

Davao City Water District, Davao City Page 34 NOTES TO FINANCIAL STATEMENTS

2,4.6 Property, Plant and Equipment

Property, Plant and Equipment consist of land and land improvements, buildings and facilities and equipment.

Land is stated at cost less any impairment in value.

Except for land, the District's property and equipment are stated at cost less accumulated depreciation and amortization and impairment in value, if any.

Initial Recognition

The initial cost of property and equipment consists of its purchase price, including import duties, taxes and any directly attributable costs of bringing the asset to its working condition and location for its intended use.

Sub s e que nt re c o gnit ion

Expenditures incurred after the assets have been put into operation, such as repairs and maintenance, are normally charged to Maintenance and Other Operating Expenses (MOOE) in the period in which the costs are incurred.

In situations where it can be clearly demonstrated that the expenditures have resulted in an increase in the future economic benefits expected to be obtained from the use of an item of property and equipment beyond its original assessed standard of performance, the expenditures are capitalized as an additional cost of property, plant and equipment.

Derecognition

When assets are sold and retired, their cost and accumulated depreciation and amortization are eliminated from the accounts and any gain or loss resulting from their disposal is included in the statement of comprehensive income.

Fully depreciated assets are retained in the accounts until they are no longer in use and no further charge for depreciation is made in respect of those assets.

Depreciation

In the computation of depreciation for property, plant and equipment (PPE), the following provisions in COA CircularNo.2003-007 dated December 11,2003:

The straight line method of computing depreciation for government property, plant and equipment (PPE) was adopted.

Davao City Water District, Davao City Page 35 NOTES TO FINANCIAL STATEMENTS

A residual value equivalent to ten percent (10%) of the acquisition cost/appraisal value was deducted before dividing the same by the Estimated useful Life.

The estimated useful life is based on the LWUA's Commercial Practices Manual.

Adjustments arising from the revision of the assets' useful life were charged to the current and subsequent year's depreciation expenses of the particular assets. (COA Circular No. 2004-005 dated August 9,2004.)

2.4.7 Construction in Progress

Construction in-progress is stated at cost. While the construction is in progress, project costs are accrued based on the contractors' accomplishment reports and billings. These represent costs incurred for technical services and capital works program contracted by the District to facilitate the implementation of the project. While the construction of the project is in progress, no provision for depreciation is recognized.

For assets under construction, the Construction Period Theory shall be applied for costing purposes. Liquidated damages charged and paid for by the contractor shall be deducted from the total cost ofthe assets.

Construction in-progress is transferred to the related Property, Plant and Equipment account when the construction or installation and related activities necessary to prepare the property, plant and equipment for their intended use have been completed, and the property, plant and equipment are ready for service.

Any related expenses incurred during the construction of the project, such as license fees, permit fee, clearance fees, etc. shall be capitalized.

2.4.8 Other Assets

This account includes the following:

Restricted Fund/Cash are time deposits and special saving accounts made in various banks for high yielding interest rates from 1.125 percent to 3.750 percent with 30 to 9l days maturity. These are funds intended for the various water system expansion/improvements and reserve funds.

Cash deposits in closed banks are cash deposits that have remained in various closed bank as declared by the Philippine Deposit Insurance Corporation (PDIC).

Cash in Bank (closed accounts) are balances of Cash in Bank account per general ledger but per banks' record these were already closed accounts, hence, it is subject for reconciliation.

Davao City Water District, Davao City Page 36 NOTES TO FINANCIAL STATEMENTS

Cash deposits to various suppliers of services includes such as transformer, telephone, cylinders and security deposit of collection center.

Assets declared by proper authorities as obsolete and unserviceable, including assets of the agency no longer used, shall be reclassified to "Other Assets" account from the corresponding inventory and property, plant and equipment accounts. These items are not subject to depreciation.

2.4.9 Liabilities

Current liabilities are present obligations of the District arising from past event, the settlement of which is expected to result in an outflow from the District of resources embodying economic benefits. It includes payable accounts, inter-agency payables and other liability accounts. Other Payables Account includes Current Portion of Long Term Debt.

Borrowings are proceeds of repayable obligations, generally with interest from the bank, national agency, another local government unit, and private sector. All borrowings incurred shall be recorded directly to the appropriate liability accounts.

Long Term Liabilities pertains to the loan of the District that is not due within one year from the date of the balance sheet.

Deferred Credits include items that cannot be liquidated or classified immediately.

2.4.10 Provisions

Provisions are recognized when present obligations will probably lead to an outflow of economic resources and they can be estimated reliably even if the timing or amount of the outflow may still be uncertain. A present obligation arises from the presence of a legal or constructive commitment that has resulted from past events.

Provisions are measured at the estimated expenditures required to settle the present obligation, based on the most reliable evidence available at the balance sheet date, including the risks and uncertainties associated with the present obligation. Any reimbursement expected to be received in the course of settlement of the present obligation is recognized, if virtually certain as a separate asset, not exceeding the amount of related provision. Where there are similar obligations, the likelihood that an outflow will be required in the settlement is determined by considering the class of obligations as a whole. In addition, long-term provisions are discounted to their present values, where time value of money is material.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. In those cases where the possible outflow of economic resources as a result of

Davao City Water District, Davao City Page 37 NOTES TO FINANCIAL STATEMENTS present obligations is considered improbable or remote, or the amount to be provided for cannot be measured reliably, no liability is recognized in the financial statements.

Based on the management's judgment, no provisions should be accrued in the District's statement as of the statement of financial position date.

2.4.11 Revenue

Revenue is recognized only when it is probable that the economic benefits associated with the transaction will flow to the enterprise. However, when an uncertainty arises about the collectability of an amount already included in revenue, the uncollectable amount, or the amount in respect of which recovery has ceased to be probable, is recognized as an expense, rather than as an adjustment of the amount of revenue originally recognized.

The District.has adopted the accrual basis of accounting in recording the income except where it is impractical or when other methods are required by law.

Bills are rendered on a monthly cycle based on the meters read. Water Sales are recorded on the cut-offdate with no accruals made for bills delivered after the end of the month.

Fines and Penalties are recognized as income of the year as these were collected

2.4.12 Expenses

The District adopts the modified accrual basis of accounting for income and expense recognition in accordance with Paragraph 2.1 (d) of COA Resolution No. 2006-006 dated January 31,2006. Under this method, all expenses shall be recognized when incurred and reported in the financial statements in the period to which they relate.

2.4,13 Leases

a. As Lessee

Operating lease - leases in which substantially all risks and rewards of ownership are retained by another party, the lessor, are classified as operating leases. Operating payments are recognized as expense in the statement of profit or loss on a straight-line basis over the period of the lease. When the operating lease is terminated before the lease period has expired, any payment required to be made to the lessor by way of penalty is recognized as an expense in the period in which termination takes place.

b. As Lessor

Davao City Water District, Davao City Page 38 NOTES TO FINANCIAL STATEMENTS

Finance lease when assets are leased - out under a finance lease, the -betweenpresent value of the lease payments is recognized as a receivable. The difference the gross receivable and the present value of the receivable is recognized as uneamed finance income. Lease income under finance lease is recognized over the term of the lease using the net investment method before tax.

2.4.14 X'oreign Currency Translation

(a) Functional and Presentation Currency

Items included in the financial statements of the District are measured using cumency of the primary economic environment in which the entity operates (the "functional currency"). The financial statements are presented in Philippine Peso, which is the District's functional and presentation currency.

All values are rounded to the nearest one peso, except when otherwise indicated.

(b) Transactions and Balances

Foreign culTency transactions are translated into functional currency using exchange rates prevailing at the date of the transactions

Foreign currency gains and losses resulting from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the Statement of Income and Expenses.

2.4.15 Events after the Statement of Financial Position Date

Any post year-end events that provide additional information about the District's position at the statem'ent of financial position date (adjusting events) are reflected in the financial statements. Any post year-end event that is not an adjusting event is disclosed in the notes to financial statements, when material.

2,4,16 Contingencies

Contingent liabilities are not recognized in the financial statements. They are disclosed unless the possibility of an outflow of resources embodying benefits is remote. Contingent assets are not recognized in the financial statements but disclosed when an inflow of economic benefits is probable.

2.4.17 Employee benefits

The employees of the District are members of the Government Service Insurance System (GSIS), which provides life and retirement insurance coverage.

Davao City Water District, Davao City Page 39 NOTES TO FINANCIAL STATEMENTS

The District recognizes the undiscounted amount of short term employee benefits, such as salaries, wages, bonuses, allowance, etc., as expense.

The District recognizes expenses for accumulating compensated absences when these are paid (commuted or paid as terminal leave benefits). Non-accumulating compensated absences, like special leave privileges, are not recognized.

2.4.18 Related Parties

Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial and operating decisions. This includes: (l) entities that directly, or indirectly through one or more intermediaries, control, or are controlled by, the reporting entity; (2) associates; (3) individuals owning, directly or indirectly, an interest in the reporting entity that gives them significant influence over the entity and close members of the family of any such individual; and (4) key management personnel, and close members of the family of key management personnel.

2.4,19 Changes in accounting policies and estimates

The District recognizes the effects of changes in accounting policy retrospectively. The effects of changes in accounting policy are applied prospectively if retrospective application is impractical.

The District recognizes the effects of changes in accounting estimates prospectively by including in surplus or deficit.

2.4.20 Correction of Errors

Fundamental errors of prior years are adjusted to the Prior Period Adjustment Account. Errors affecting current year's operations are charged to the current year's accounts.

Some accounts were reclassified to conform with the new Chart of Accounts prescribed under the applicable Chart of Accounts.

3. Significant Management's Accounting Judgments and Estimates

The preparation of the District's financial statements in conformity with Philippine Financial Reporting Standards requires management to make judgments, estimates and assumptions that affect the amounts reported in the District's financial statements and accompanying notes.

Davao City Water District, Davao City Page 40 NOTES TO T'INANCIAL STATEMENTS

The estimates and assumptions used in the Agency's financial statements are based upon management's evaluation of relevant facts and circumstances as of the date of the District's fi nancial statements.

Actual results could differ from such estimates. Judgments and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3.1 Critical Judgments in Applying Accounting Policies

In the process of applying the District's accounting policies, management has made the following judgments, apart from those involving estimation, which have the most significant effect on the amounts recognized in the financial statements.

A) Operating and Financing Leases

The District has entered into various lease agreements as either a lessor or a lessee. Criticaljudgment was exercised by management to distinguish each lease agreement as either operating or finance lease by looking at the transfer or retention of significant risk and rewards of ownership of the properties covered by the agreements.

B) Provisions and Contingencies

Judgment is exercised by management to distinguish between provisions and contingencies. Policies on recognition and disclosure of provision and disclosure of contingencies are discussed in Notes 2.4.10 and 2.4.16 and relevant disclosures are presented in Note 28.

3.2 Key Sources of Estimation Uncertainty

In the application of the District's accounting policies, management is required to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The following represents a summary of the significant estimates and judgments and related impact and associated risks in the Agency's financial statements.

Davao City Water District, Davao City Page 4l NOTES TO FINANCIAL STATEMENTS

A) Allowance for probable losses of Accounts Receivable

The District assesses whether objective evidence of impairment exist for receivables and due from related parties that are individually significant and collectively for receivables that are not individually significant. Allowance for probable losses is maintained at a level considered adequate to provide for potentially uncollectible receivables.

B) Impairment of Inventory

The District recognizes impairment on inventories whenever net realizable value of inventories become lower than cost due to damage, physical deterioration, obsolescence, changes in price levels or other causes. No impairment of inventory is recognized this period.

C) Estimated Useful Lives of Property, Plant and Equipment

The District estimates the useful lives of property, plant and equipment based on the LWUA's Commercial Practices Manual and COA guidelines.

Depreciation and amortization are calculated on a straight-line basis, and assets are depreciated over the following estimated useful lives as follows:

Estimated Life Description (in years) LWUA COA

I Land 2 Land Improvements l0 J Office Buildings Wood l0 Mixed 20 Concrete 30 4 Other Structures 5 Leasehold Improvements, Buildings*** Wood l0 Mixed 20 Concrete 30 6 Office Equipment 5 7 Furniture and Fixtures l0 8 IT Equipment and Software IT Equipment - Hardware 5

Davao City Water District, Davao City Page 42 NOTES TO FINANCIAL STATEMENTS

Estimated Life Description (in vears) LWUA COA IT Equipment - Software 9 Machineries l0 l0 Communication Equ ipment l0 ll Construction and Heavy Equipment l0 t2 Medical, Dental and Laboratory Equipment l0 l3 Technical and Scientific Equipment t0 t4 Other Machineries and Equipment l0 l5 Motor Vehicles 7 Cars / Truck lYan lJeepney Motorcycles l6 Other Transportation Equipment (Bicycles) l0 l7 Other Property, Plant and Equipment Source of Supply Plant Collecting and Impounding Reservoirs l5 Springs and Tunnels l5 Wells l5 Watershed Pumping Plant Structures and Improvements 2 Pumping Equipment l5 Power Operated Equipment Water Treatment Plant Structures and Improvements 2 Water Treatment Equipment Equipment Chlorination Facility Transmission and Distribution Plant Structures and Improvements 2 Reservoirs and Tanks l5 Transmission and Distribution Mains Distribution Pipel ines l5 Transmission Pipelines l5 Services Meters Meters 5

Davao City Water District, Davao City Page 43 NOTES TO FINANCIAL STATEMENTS

Estimated Life Description (in years) LWUA COA Meter Components 5 Meter lnstallations 5 District Metered Zone 5 Production Meters 5 Engineering Meters 5 Hydrants

4. Budget Information

Section 3.3 of DBM Corporate Circular No. 20 dated April 27, 2005 states that any increase in the approved principal corporate operating budget in the course of the budget year, as may. be warranted by additional corporate receipts, shall require submission and approval of a supplemental corporate budget to cover the additional expenditures in line with the national government decentralization policy.

5. Cash and Cash Equivalents

This account consists of the following:

2016 2015 Cash on Hand 10,560,508.53 10,404,073.19 Cash in Bank - Local Currency 484,735,201.73 326,010,781.23 Cash in Bank - F 47 752.00 1.83 Total 9

5.1 Cash on Hand

This account can be broken down as follows:

20t6 2016 Cash - Collecting Officers 10,415,508.53 10,259,073.19 Cash Fund 1 t45 00 Total 1 I .19

All collections made for the day are deposited to the assigned bank accounts in the following working day. All deposits made are intact.

Davao City Water District, Davao City Page 44 NOTES TO FINANCIAL STATEMENTS

5.2 Cash in Bank - Local Currency

This account can be broken down as follows:

2016 20ts Cash in Bank - Local Currency, Current Account 331,087,299.93 I93,395,939.65 Cash in Bank - Local Currency, Savings Account 153,647,902.90 132,614,942.59 Total 484,735,201.73 I 781.23

Transfer of funds related to payment of prior year's CAPEX from Cash in Bank - Local Currency, Time Deposits to Cash in Bank, Current Account were performed in Year 2016.

5.3 Cash in Bank - Foreign Currency

This account can be broken down as follows:

2016 20ts Cash in Bank - Foreign Currency, Savings 47,752.00 Account 44,821.83 Total 47,752.00 44,821.83

5.4 Working Fund

This account can be broken down as follows:

2016 20ts Petty Cash 10,000.00 10,000.00 Change Fund 55,000.00 55,000.00 Revolving / Working Fund 80,000.00 80,000.00 Total 145,000.00 145,000.00

Petty Cash Fund includes Php90,000 for administration and Php55,000 for operations.

The breakdown of Petty Cash Fund are as follows:

Petty Cash L. uillo 10,000.00

Davao City Water District, Davao City Page 45 NOTES TO FINANCIAL STATEMENTS

Change Fund Marlyn L. Ronquillo Bajada Office 10,000.00 Shane C. Alagao Victoria Plaza 20,000.00 Danilo Castro Matina Office 25,000.00 Revolving/Working Fund Lina O. Arbotante 50,000.00 Marilyn G. Magnaye 30,000.00 Total 145,000.00

6. Receivables

This account consists of the following:

2016 20t5 Receivable Accounts 153,663,159.59 162,748,232.69 Other Receivables 2,080,946.14 2,210,788.79 Total 155,744,105.72 164,959,021.48

6.1. Receivable Accounts

2016 2015 Accounts Receivable - Customers (Current) 320,338,722.78 144,254,343.96 Allowance for Doubtful Accounts (180,303,026.41) 0.00 Due from Officers and Employees 13,594,350.08 18,445,845.83 Advances to Officers and Employees 33,113.13 48,042.90 Total 153,663,159.58 162,748,232.69

Accounts Receivable - Customers refers to receivables from active customers which includes all amounts due arising from services rendered to customers for water sales and incidental services aged 365 days and below as per Aging of Accounts Receivable. This account is divided into 22 zone groups to facilitate its reconciliation with the customers' subsidiary ledger accounts.

On the other hand, Accounts Receivable - Customers (Non-Current) is treated as part of Other Assets in 2015. It refers to receivables from inactive customers which includes all amounts due arising from services rendered to customers for water sales and incidental services aged over I year as per aging of Accounts Receivable.

This year an Audit Observation Memorandum (AOM No. BWD20I6-06-03(2015) dated June 10, 2016 was received by the District with the finding:

Davao City Water District, Davao City Page 46 NOTES TO F'INANCIAL STATEMENTS

"Non-recognition of impairment loss on past due accounts receivable amounting to Php172,732,979.26 as of December 31, 2015, is not in accordance with Philippine Accounting Standards (PAS) 39".

As per PAS 39, the carrying amount of the asset shall be reduced either directly or through the use of an allowance account. With this, the District classified the amount PhpI80,303,026.41as allowance for Doubtful Accounts for the year 2016.

Aging of Accounts Receivable

Past due (more Past due (more Classification Current than I year but than 10 years) less than 10

Active (Non-Govemment) 104,611,494.68 t9,247.67 3,468.20 Active (Govemment) 24,003,714.37 20,159,653.30 8,303,190.21 Inactive (Non-Government) I 1,368,574.80 58,452,639.01 70,991,636.90 Inactive 5l 912.52 16.36 ll 76 Total 78,884,856.34 101,419,170.07

Aging of Due from Officers and Employees

AmountDue

Name of Debtor Amount Bahnce Currctrt PastDue less than 30 3l-90 9t- 365 (in alphabetical order) Over I Year days days days

ABANTO, ANDY B.( 123401-001 -00047 I ) 2 r,sos.93 21,44'7.90 58.03

ABATAYO, AMADO V.(123-001-001-000332) E,E29. I E 8,829. r 8 ABATAYO, AMADO V.( I 23-00 t -002-000332) -IITI59,900.00 59,900.00 ABATAYO, AMADO V.(123-00r-006-000332) t,272.22 t,272.22

ABDUL, HUSSTN H.(123-00r-00r-000892) 19,2t8.07 I 9,21 8.07 ABELLA, GREGORTO L.(123-001-001-0001 l8) t9,ffi1.25 rrI 19,651.25 ABIDAY, GAMALIEL F.(123-001-001400572) 17,728. t 8 17,728.1 8 III ABTJAY-SAOCEJA, MARY GRACE D.(123-00r-001- 14,5'12.66 14,572.66 )0r l 8s) IIT ABUCEJO, ESTEBAN M.(t23-001-001-000604) 1,000.00 l,000.00 III ACtiNA, AGNES L.(123-00t-00t-00026S) 1326.88 1A26.88 III ADALID, GRESELDA T( 123-00r -00 l -001 382) 26,849.3t 26,849.3t III ADARLO, MARTA R.(123-001-001-000293) 3,001.85 3,001.85 III AGUILAR, TRISEBAL Q.(t23-001-00t-000637) I,60t.24 ITI 1,601.24 AGUILERA, DELBERTO L.(123-001-001-000410) r 3,368.09 13,368.09 II ACUSTIN, EMMANUEL M.(123-001-00r-000853) 6,465.84 6,465.84 II

Davao City Water District, Davao City Page 47 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Current PestDue less than 30 3t- 90 91- 365 (in alphabetical order) Over I Year days days days AGUSTIN, EMMANUEL M.(t23401-002-000853) 12,888.00 12,888.00 II AGUSTTN, EMMANUEL M.(123-001-006-000853) 1,308.1 I I,308.1 r IT AGUSTIN-RABAGO, FAIRY FAITH B.(123-001-00t- 26,273.86 26,273.86 001 09r ) II AJERO, ALEX L ( I 23-00 l -001 -000450) 682.75 682.75 II ALAGAO, SHANE C.( r 23-00 l -00 l -0004 I 8) 4,36t 66 4,36t.66 ALBA, JOEMAzuE B.(123-001-001-000634) 6,079.07 6,079.07 II ALCALA, PEDRO E.(123-001-001 -00M58) 2,069.8s 2,069.85 rI ALCANO, ANTHONY M.(r23-001-00r400751) I t.79 11.79 II ALCANTARA-SATURTNAS, ROMELTN V.( l 23-00 l -00 l - 13,086.5 I I 3,086.51 000844) II ALDERTTE, CELSO M.(123-001-001-000667) 434.31 434.31 II ALEGATA, MELANTE T.(l 23-001-001-000507) I 3,380.17 I 3,380. I 7 II ALTTO, JrMMY P.( l 23-00 l -00 l -000850) 6,653.66 6,653.6 II ALTTO, JrMMY P.( l 23-001 -002-000850) 28,950.00 28,950.00 II ALTTO, JIMMY P.( I 23-001 406-000850) 1y'63.60 t,463.60 II ALLERA, PAULINO D.( 123-001401-000405) 270.87 270.87 II ALLERA, PAULTNO D.(123-001 -002-00040s) 2,4t3.t4 2,4t3.t4 II ALLERA, PAULTNO D.( I 23-00 l -006-000405) t,260.56 t,260.56 II ALMACTN, DEOMEDES G ( I 23-001 -00 l -000387) 10,254 l5 10,254.1 5 II ALMAJEDA, MARIO L.( I 23-00 l -00 r -000903) 4,404.50 4,4M.50 II ALMAJEDA, MARIO L.( l 23-00 r -002-000903) 2t,t83.43 2t,t83.43 IT ALMAJEDA, MARIO L.( 123-001-006-000903) 1,291 .00 !,291.00 II ALMENDRAS, SERGIO A.( I 23-00 I -00 l -000558) 5,526.76 5,526.16 II ALMONIA, LUCKY CHAMP O.( I 23-00 l -001 -001402) 4,73s.00 4,73s 00 II ALMONTE, ROSTNDO I.(123-001-001-000367) 41,572.09 III 4t,572.09 ALMONTE, ROSTNDO J.( 123-001-005-000367) 7,739.37 II 7,739.37 ALMONTE, ROSINDO J.( I 23-00 l -008-000367) 33,695.97 33,695.97 II ALO, ALEJANDRITO M.( l 23-00 I -00 1 -000533) 2,9t8.97 2,918.97 II ALORIA, ADELINA S.(123-001-001-000692) 5,067.38 5,067.38 I I ALVATRA, NOEL L.(123-001-001-000479) t 8,528.37 18,017.62 I 510.75 AMBULO, ALLAN M.( I 23-00 l -001-000421 ) 23,342.25 23,342.25 I AMERKHAN, RUSSEL JOFrN P.( r 23-00r -00l -00I4I6) 2,s66.4t 2,566.41 I AMIGABLE, SHALTMAR L.(123-001-001-000686) 731.99 73t.99 I AMOROTO, NOEL A.(r23-001-001-0009 l6) 3,998.26 3,998.26 I ANCHETA, PAVEL P.(123-001-001 -000770) 5,103.29 5,t03.29 III ANDAL, RENANTE S.(123-001-0Ol-000943) 3,013.89 3,013.89

Davao City Water District, Davao City Page 48 NOTES TO FINAIYCIAL STATEMENTS

AmountDuc

Name of Dcbtor Amount Balance Current PastDue less than 30 3r- 90 9l- 365 (in alphabetical order) Over I Year days days days ANDAL, RENANTE S.( I 23-00 l -006-000943 ) t,240.99 t,240.99 rII ANDAMON, CYRUS C ( t 23-001 -001 -000824) t 0,489 54 10,489.54 rI ANDAN, MYLENE B ( -00I -00059s) I23-001 8,r01.47 8, I 03.47 II ANDOY, JAIME R ( l23-00 l -00 r -000549) 8,750.57 8,750.57 II ANDRTN, NERTO A.(123-001-001-000356) t4,375.00 r4,375.00 II ANG, JOE MARrE (123-001-006-000827) C r,259.83 r 259.83 II ANG, ROSALTA D.( l 23-00 l -00 l -00027 6) 14,863.87 I 2,84 r .85 I 2,022.02 ANG, SONrA D.( l 23-00 l -00 l -0007 I 4) 395.44 395.44 I I ANGELES, p.( I JULTUS 23-001 -00 l -000685) 941 .80 94 I .80 r I ANGELES, ROy M.(l2l-001-001-000651) 3,014.02 3,0t4.02 II ANGOY, JEFREN M.( 123-001-00t-001037) 9,42t.93 9,421 93 rI ANINO, MARCELINO B.(123-001-00t-000261) 9,832.01 9,832.01 II ANTNO, NONES D.( 123-00 t -001-001 337) l,275.08 1,275.08 II ANTIGA, ALLAN D.( r 23-00t -001 -001309) 24,356.5'7 24,356.57 II ANTTPALA, STEGFREDO L.( 123-001-001-000083) 14,614.8 r 14,614 81 IT ANTIPALA, STEGFREDO L.( I 2l-00 l -002-000083) 28,541.70 28,541.70 rI ANTIPALA, STEGFREDO L.(t 23-00t -006-000083) 60622 606.22 III ANTIQUTSA, TEODORO A.( I 23-00 I -001 -000s88) 14,67t.75 t4,67t 75

ANTTQUTSA, TEODORO A ( l2l-001-002-000588) 3,878.99 3,878.99 ANTTQUISA, TEODORO A.( I 23-001 -006-000588) l,237.83 t,237.83 II APALE, EVA FLOR R.(123-001 -001-000587) 824.29 824.29

APOR, ELVEN S.( I 23-00 I -00 r -001 l 73) 6,231.35 6,231 .35 APORA, GENUTNE T.(123-001-001-000728) 5,406.70 5,406.70 rI AQUTNO, ROWENA .( 123-001-00r -TEMP-006REr) 2,949.58 III 2,949.58 ARANJUEZ, RODRIGO L.( I 23-001 -001 -0002 I 8) 5,983.97 5,983.97 II ARANJUEZ, RODRIGO L.( I 23-001 -002-000218) 22,Nt.21 22,N3.21 II ARANJUEZ, RODRTGO L.( r 23{01 {06-0002 I 8) I,32t.26 t,32t.26 II ARELLANO, GERRY M.( I 23-00 I 40 I 400688) 4,732.78 4,732.78 II ARENAS, REYNALDO E.( I 23-00 l -001 -000559) 380.52 380.52 II ARREZA, VtRGTLIO O.( l 23-00 l -001 -000342) I,402.89 t,402.89 rI ARTAJO, JOSEPH B ( 123-001-001-000243) 8.988.81 8,988.8 r II ASESOR, REU A ( r23-00r-00r -0004s6) 9,t90.39 9,r 90.39 ATENCIO, GEORGE CHRTSTOPHER D.(123-001-001- 5,079.90 5,079.90 0007 r 9) ATON, FRANCIS DONDON C.( r23-001-001-00081 7) 8,16t.63 III 8,161.63 ATUP, NORLAN Q.( 123-001 -001-000807) 17.t79.94 t7 ,179.94

Davao City Water District, Davao City Page 49 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Current PsstDue less than 30 3l-90 9l- 365 (in alphabetica! order) Over I Year days days days AVTLA, ALAN A ( I 2l-00 I -001 -0005 l4) 14,7 tL77 14,7u.77 II AVILES, MTLDRED G.( I 23-00 l -00 l -0002s3) 22,528.5t 22,528.5t IT AYAG, JANETTE J.( l 23-00 l -00r -000940) 4,765.04 4,76s.04 AZUCENA, DOr MODTEF C( I 23-001 -001 -001 394) t,020.42 t,020.42 II AZUCENA, DOI MODIEF C(123-001-002-001394) 60,000.00 60,000.00 IT BACARTNAS, REYNALDO C.(123-001-001-000339) 92.U t2.64 80.00 BACHILLER, ARTHUR C.( I 23401 -001 -000s I 5) 9241.62 9,241.62 II BADTLLES, FREDERICK G.(123-001-00t-000318) r5,805.38 15,805.38 II BAHAN, MATEO J.( I23-00t -001-000369) 3230.2t 3,230.2t II BALAG, MARTCEL L.(123-001-001-001325) 2,fi4.60 2,n4.60 IT BALANSAG, GERARDO B.( I 23-00 l -00 l -000670) 2,900.08 2,900.08 II BALANZA, ALE ANDRO S.(123-001-001-000298) t,262.15 t,262.15 II BALATERO, ARNOLD C.( r 23-00 l -00 l 400362) t't,s28.82 16,688.82 840.00 BALBOA, EDGARDO C.( I23-00t-001-000412) 36,786,39 ITI 36,786.39 BALODO, DANTEL M.(123-001-001-0003s7) 727.24 727 24 I BALODO, DANIEL M.(123-001-002-0003s7) 28,699.90 28,699 90 I BALODO, DANIEL M.( r 23-00 l -0060003s7) 1,741 .88 I ,741 .88 I BANAAG, MTLAGROS D.( 123-001-001-000204) 280.00 280.00 I I BANTE, FELTZARDO Q.(123-001-00 l-000791) 6,418.39 6,418.39 I I -00 BARANGGAN, JONATHAN M.( 1 23-00 1 1 -001 I l 9) 2,8 19.89 2,8 19.89 I I BARBARONA, MARIFE D.(123-00t-001-000962) 7,494.t5 7,494.15 I I BARREDO, NESTOR P ( 1 23-00r -001 -00083 r ) 896.70 896.70 I I BARRIOQUINTO, ALNTNO A.( I 23 -00 I -002-000644) 28,999.90 28,999.90 I I BARRTOQUTNTO, ALNINO A.( l 23-00 l -006-0006,14) t,406.49 1,406.49 I I BASADRE-ESTRELLA, JOY ANN R( 123-001-001-001282) 50. l4 50. l4 I I BASBAS, DOMTNGO G.(123-001-001-000448) 16.74 16.74 I I BASTO, ALEXIS L.( I 23-001 -00 l -0007 47) 3,953.34 3,953.34 I I BASIO, ALEXTS L.(123-00r-002-000747) 24,873.22 24,873.22 I I BASIO, ALEXIS L.( I 23-00 I -006-000747) l ,379.81 I ,3 79.81 I BASTSTER, MARTO B.(123-001-001-000544) 18,546.44 t8,546.44 I BASTIAN, CANNIFER R.(123-001-001-000776) 4,538.79 4,538.79 I BATION, ERrC A.( I 23-001 -006-000787) I,251 .55 1,251 .55 I BAUTTSTA, JESSTE P.(123-00r-001400333) 8,963.06 s,639.6 I 3,323.40 BAUTISTA, PETER DAVID A(123-001-002-001314) 44!24.45 44,424.45 I BAYALAN, LIZ F.(123-001-001-000229) 63.28 63.28 I

Davao City Water District, Davao City Page 50 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Current PrstDue (in alphabetical less than 30 3r- 90 9l- 365 order) Over I Year days days days BAYNOSA, JOHN F.(123-001401-000307) 3,879.63 3,879.61 rI BELLARMENTE, NESTOR C.(123-001-001-000582) 5,430.39 5,430.39 II BENrOy, RAMrL D.(123-001-001-000427) 3,643.46 3,643.46 rI BENTOY, TONTFLOR S( t23-001 -001 -00 I 3 I 5) 4,125.92 4,125.92

BERDOS-VERGARA, CRTSTTNE S.(123-001401 _001 I 36) 4,9t2.30 4,912.30

BERMEJO, JORDAN C(123-001-001-00t259) 2,446.26 2446.26 BERMUDEZ, JONALET E.(123-001-001-000863) 3A73.M 3,473.06 rI BERONGON, DAMASO C.(123-001-001-000493) 31,397.68 3l,397.68 II BETTNOL, GILBEYS S.( 123-001-001-001090) 1,000.00 1,000.00 rr BrAS, NICANOR I A.( 23-001 -001 -000388) 331.80 331 .80 II BILLONES, CYRIL S.( I 23-001 -001 -001 I 08) 245.72 245;12 BOLCAN, r ATTY .(l 23-001-008-TEMP,008RET) 105,692.50 105,692.50

BOLO, I DANTE V.( 2l-00 l -001 -000564) 5,274.00 5,027.50 I 246.50 BORDAJE, DANIEL M.( 123401-005-000223) 3,1 s0. r 0 III 3,1 50. l0 BORONG-DUMALAG, JENNIFE D.(123-001 -001-000956) 1tt26.74 1,426.74 BORRE, CARLO L.(123-00r-004-000720) 2,789.45 rI 2,789.45 BOYLES, ELEUTERTO F.(123-001-001-000365) 5,777.10 5,777.10 IT BRAGANZA, ELTSEO R.(t 23-00t -008-l 33-583 422 V AT) 239,s36.50 II 239,s36.50 p.( BRTONES, OLTVER I 23-00 l -002-000953) 5,377.50 5,377.s0 II p.(123-001-006-0009s3) BRIONES, OLMR 1,244.03 t,244.03 II BRONCANO-GONZALES, BERNADETTE C.( I 23-00 l - l5.t 13.20 l5,l t3.20 00r -00 il47) II BUHAY, DANTLO L.(123{01-001-000s34) 3,t68.24 3,168.24 II BULSECO, JOAN A.(123-001-001-000565) 4,407.06 4,407.06 rI BUMANGLAG, NARCTSO T.(123-001 -001-000036) 534.71 534.71 II BUMANGLAG, NARCISO T.( I 23-00 l -002-000036) 34,480.04 34,480.04 rI BUMANGLAG, NARCTSO T (123-00t -006-000036) 576.66 576.66

BURGOS, ELIBERT S.(123-001-001-000s2s) 3,447 99 3,447.99

BUTANAS, GEOFFREY C.( I 23-001 -00 l -00 I 092) 9,125.25 9,t25.2s

CABALLERO, ALAN A.(t23-00t-001-000237) 26,456.34 264s6.34

CABALLERO, ALAN A.(123-00t-002-000237) 13,s39.32 t3,539.32

CABALLERO, ALAN A.(123-001-006400237) 1,358.46 r,3 58.46

CABALLES, NORMAN R.(123-001-001-000741 ) 3t,240.22 3t,240.22 cABAiTERO, ADELBERTO r.( I 23-00 l -00 l -000433) t9,192.90 t9,192.90

CABARRUBTAS, HELEN p.(123-00t-001-001 143) l8,l15.93 l8,l1s.93

CABARRUBTAS, TERRY F.(123-00t-008-000570) 5,950.00 5,950.00

Davao City Water District, Davao City Page 5l NOTES TO FINANCIAL STATEMENTS

AmountDuc

Name of Debtor Amount Balance Currcnt PrstDue less than 30 3l- 90 9l- 365 (in alphabcticel order) Over I Year days days days CABILES, ROBERTO L.( 123-00t -001 -00045 I ) 4t.76 41.76 rrr CABO, LAURENTINO C.( l 2340 l -00 l -000286) 2,058.37 2,058.37 II CAGALAWAN, CHRISTOPHER N.( r23-00r-001-001260) n,266.20 n,266.20 II CAGALAWAN, CHRISTOPHER N.( 123-00r -002-001260) 46,575.90 46,s75.90 II CAGALAWAN, CHRTSTOPHER N.( l 23-001 -006-00t 260) 596.91 596.91 II CAGALAWAN, DENNIS S.( l 23-001 -00r -000928) 687.50 687.50 rI CAGALAWAN, DENNTS S.( I 23-00 l -002-000928) 43,049.95 43,049.9s II CAGALAWAN, DENNIS S.( 123-001-006-000928) t,0t3.29 I,0t3.29 II CAGUIMBAGA. SANDJIB L.( I 23-00 l -00 l -000933) 5,I 59.61 5,159.61 II CAGUTMBAGA, SANDJ IB L.( I 23-00 l -002-000933) r3,000.00 13,000.00 II cAGUIMBAGA, SANDJ IB L.( r 23-00 l -006-000933) l,363.91 I,363.91 II CAINGLET, ANNE CHRISTINE G ( l 23-00 l -00 l -00 I 446) 20,534.23 20,s34.23 II cAL, RENEL M.( I 23-00t -002-000346) 18,000.00 18,000.00 II] cAL, RENEL M.( I 23-00 l -006400346) t,4t6.34 1,416.34 II CALAGO-SATUROS, VENA DEL D.(t23-001-001 -000469) 33.48 33.48 II CALLA, PERCTVAL F.( l 23-00 l -00 l -00 l 006) 8,210.65 8,210.65 II CALLA, PERCTVAL F.(123-001-002-001006) 13,440.00 t 3,440.00 II cALLA, PERCIVAL F.(12340t-006-001006) 1,306.79 r,306.79 II CALLEDO, BERNARDO P.( t23-001 -00 l -0004 I I ) 4,070.78 4,070.78 II CALMA, BENEDICTO C.(123-001-001-000812) 14,43 I .90 14y'3 r.90 IT CANAREZ, MARLENE P.( l 23-001 -00 l -000641 ) 2,29t.94 2291.94 IT CANCIO, ALDRICH APOLO M.(123-001-001-000488) 15,259.03 15,259.03 II cANDlA, CARLITO A.( r 23-00t -001 -000s l 9) 2,429.64 2429.64 II cANEDA, NOE C.( I 2l-001 -00 l -000789) 8,102.66 8,1 02.66 II cANEDA, NOE C.( I 23-00 r -002-000789) 13,440.00 1 3,440 00 II cANEDA, NOE C.( I 23-00t -006-000789) 1,356.40 1,356.40 II CANENCIA, CRTSTTAN S.(123-001-001-000951) 18,204.47 t8,204.47 II CANONOY, NELSON M.( l 23-00 l -00 I -000396) I I,585.52 l I,585.52 II CANSON, ALMA JUDITH J.(123-00t-001-000312) 6,899.98 6,899.98 II CAPATOY, JESUS R.( 123-001-001-000713) 23.'11 23.71 II CAPILI, ROWENA D.( I 23-00r -00 l -000745) 8,752.71 8,752;7t II cApRICHO, JOHN ERIC A.( 123-00 r -008-000836) 46,567.t4 41,3t7 .t4 II 5,250.00 cARBONTLLA, ZORA B.( l 23-00 I -00 I -000553) n,04t.72 I1,04t .72 II CARBONQUILLO, WTLFREDO A.( I 23-00 I -003-TEMP- '70,714.O8 70,7 r 4.08 0l6RET) III CARBONQUILLO, WTLFREDO A.(l 23-001 -008-TEMP- 2,460.52 2,4&.52 )l6RET)

Davao City Water District, Davao City Page 52 NOTES TO FINANCIAL STATEMENTS

AmountDuc

Name of Debtor Amount Brhnce Current PrstDue less than 30 3l- 90 9l- 365 (in alphabctical order) Over I Yer days days days CARCUEVA-MANZANO, EDJEAN FRANCES p (123-00t- 2,625.N 2,625.00 )0r -001399) III CARO, NOEL L.( r 23-00 l -00 l -000557) 13,641.01 I 3,641 .01 IITI CARPIO, MARISSA G.(123-001-001-000532) 2,ll2.28 2,tt2.28 CASIL, VIRGILTO A.( I 23401-001 -000443) 6,999.21 6,999.21 III cAsING, ELPIDIO M.(r23-001-00t -000404) t2,379.89 t2299.89 80.00 CASTILLO, ATTY .( 123-001-008-TEMP-0loRET) 49,91 8 0s II 49,9r 8.05 CASTILLONES, RHODA T( t2l-00t-001-00t 323) 5,890 61 5,890.61 II CASTRO, DANTLO C.( r23-001-001-000428) 8,750.03 8,750.01 II cASTRO, DANTLO C.( r 23-00 l -003-000428) 550,000.06 5s0,000.06 II cAsTRO, DANILO C.( r 23-00 l 407-000428) 6,296.44 6,296.44 IT CATALOCTOCAN, CONCEPCTON P.(r23-001-001- 2,645.49 2,645.49 000647) II CATRE, DELLO C.( I 23-00 l -001 -000334) t2,340.48 12,340.48 II cATRE, DELLO C.(123-001-002-000334) 2,423.85 2,423.85 II CATRE, DELLO C.( l 23-00 l -006-000334) t,272.97 t 272.97 II CATUBAG, CRTSTTNA Y.( r23-001 -00 I -0003 I 3) 3,41 5.85 3,415.85 II cATULONG, ROMIL B.( I 23-001 -002-000694) 19,t 33.60 19,133.60 II CATULONG, ROMIL B.(l2l-001-006-000694) t,337.79 t,3t7.79 II cAyME, NAZARTO S.(123-00r-00r-00060s) t5,225.14 15,225.14 II CENTTNALES, SILVTNO r.( l 23-00 r -00r -0005 I 8) 9,364 81 9,364.81

CENTINALES, STLVINO I.( I 23-00 l -002-0005 I 8) 3,878 99 3,878.99

CENTTNALES, STLVTNO r.( l 23-001 -006-0005 I 8) 1,264.70 1,264.'70 cERtLO, ROMEO P.( l 23-00 I -001 -000620) 4,150.45 4, r 50.45 II CHAGAS, ANABELLE O.(123-001-001 -000829) 19,830.73 19,830.73 II cHANCO, CHAVE P.(123-001-001-000566) 3 7.51 37.51 II CHAVEZ, RUTH AGNES G.(123-001-001-000368) 17,069.55 17,069.55 II CHAVEZ, RUTH AGNES C.(123-00r-003-000368) 22s,0n0.t9 225,000. l 9 II CHAVEZ, RUTH AGNES G.(123-001-007-000368) t2,89t.44 12,89t.44 II CHAVEZ, RUTH AGNES G.(t23-001 -008-000368) 5't,713.69 57,',il3.69 III CHIEW, NOLITO M.( I 23-001 -00 I -000772) 946.41 946.4t III CHUA, CARLOS JR. S.(123-001-001-000782) 1,407.80 1,407.80 III co, NoNtE R ( l 23-001-001 -000937) 5,798.36 5,798.36 III coLTNDRES, JOsE DAVID A.(123-001-001-000505) 3,726.83 3,726.8f III coLoMA, JAMES AQUILINO M.(123-001-001-000524) 24,826.74 24,826.74 III coMrA, NoMINARDO B ( l23-00l-001-000086) 638.90 638.90 III coMrA, NoMTNARDO B.( r 23-00 l -002-000086) 3,872.69 3.872.69

Davao City Water District, Davao City Page 53 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balancc Currcnt PrstDue less than 30 3l-90 9l 365 (in alphabetical order) Over I Year days days days coMrA, NoMTNARDO B.(t23-00r -006-000086) t,252.30 t2s2.30 II CoNANAN, CYRILLE S.(123401-00t-000851) 3,3t3.69 3,311.69 rr CoNANAN, VANESSA R V.(123-001-001-000874) t2,18t.66 12,t8t.66 rI CoNSTANCIO, RENE p.( 123-00t -001 -000642) 16,666.72 t6,666.72 IT coQUrLLA, REY B.( I 23-00 l -00 l -000860) 4t6.74 4t6.74 II coQUrLLA, REy B.( 123-001-002-000860) 14,400 00 14,400.00 coQurLLA, REY B.(l 23-001-006-000860) 1,358.46 1,358.46 II CoRCUERA, SOCRATES V.(123-00t-001-000142) 22,t07.23 22,107.23 rI coRcuERA, SoCRATES V.(r23-001-002-000142) 13,440.00 13,440.00 II coRcuERA, SoCRATES V.(123-001-006-000142) 1,306.79 I,306.79

CRASCO, WELMER E.( I 23-00r -001 -000 l 72) 7,t09.59 7,t09.59

cuAsmo, BAsrLro D.(123-001401-000773) 17,898.92 t7,898.92 cuLI, RALPH EMMANUELLE S(123-001-001-001423) 1,975.08 1,97s.08

DACANAY, BERNADETTE A.( I 23-00 l -00 I -000244) 1,266.72 1,266.72

DACANAY, BERNADEI-IE A.(123-001-003-000244) 108,323.39 108,323.39 DACANAY, RIIN.ADELE RODRTGUEZ(123-001-001- 1,87s.00 l,875.00 001274)

DAGALE, NOEL A.( r 23-00 r -001 -000584) 4,446.69 4,446.69

DAGSAN-GASANC, JOMTE A.(123-00t-00t-001324) 632.t4 632.14

DALAPO, KENT ACE S( I 23-001-00r -001290) 2'79 97 279.97

DALISAY, AMAURE DEMARMOSER D.( I23.OOI.OOI 100.00 100.00 00024s) DALISAY, AMAURE DEMARMOSER D.(123-001-003- 200,000.20 200,000.20 00024s) DAUG-DAUG, VMNCIO L.(123-001-001-000886) 4,390.78 4,390.78 II DAVID, CARLO PONS N.( I 23-001-001-000767) 20,426.85 II 20126.8s DAYA, FRESCO M.( r 23-00 l -00 l -000242) 7,657.33 7,657 .33 II DAYRIT, ALBERT U.( 123-001 -001-00093 I ) 2,472.03 2472.03 II DAYRTT, ALBERT U.(123-00r-002-000931) 3,635.18 3,635.18 II DAYRIT, ALBERT U.(123-00r-006-000931) 1262.63 1,262.61 I DAYRTT-GEMPES, GEA P.(123-001-001-001 145) 3,520.49 3,520.49

DE CASTRO, GLENFORD FRANCISCO P.( I 23-00 I -00 I - 8,781 . l4 8,781 .14 c00 l 69) II DE LEON, GEANALYN B.(123-001-001-00t 189) 25,030.64 25,030.64 II DE NUEVO, ANTERO B.( 123-001 401-000423) 30,827.66 30,82'1.66 II DE NUEVO, ANTERO B.( I 23-001 -006-000423) 1,042.35 I,042.35

DECHAVES, ARMAND SR. B.( l 23-001 -001 -000326) I t.t56.77 I I,156.77

DEDUYO, ROGEL O.( l 23-00 r -00 l -000485) 8,'163.20 8,'161.20

Davao City Water District, Davao City Page 54 NOTES TO FINANCIAL STATEMENTS

AmountDue

Neme of Debtor Amount Balance Current PestDuc less than 30 3l- 90 9l - 365 (in alphabeticrl order) Over I Year days days days DEDUYO, ROCEL O.(123-001-002-000485) 43,049.95 43,049.95 IT DEDUYO, ROGEL O.(r23-00t-006-000485) t,741 .00 I ,741 .00 IT DEFENIO, MTLANIMFA M ( I 23-001 -00 l -00078 I ) 20,I45 86 20,t45 86 rI DEL MUNDO, CHARLES T.(123-00t-001-000306) 25,478.3t 22,s08.3t 1,350.00 1,620.00 DEL RIO-TACDER, PATRICIA ANGELA B.(I23.OOI-OOI. 500.08 500.08 00 l 404) II DELA CRUZ, OSCAR C.(123-001-001-000397) t,557.52 t,557.52 IT DELA CRUZ, OSCAR C.(123-001-003-000397) 208,333.53 208,333.53 II DELA CRUZ-GARCIA, JAMAE CONCEPCION R(I23-OOI. 001-00r5r0) 2,587.00 2,587.00 II DELA PENA, EDWTN A.( I 23-001 -004-00059 I ) r,788.99 III I,788.99 DELA SILVA, SENANDO E (l23-00r-00l-000447) 3,726.t't 3,726.1'l II DELALAMON, RONALD A.(123-001-002-000930) 34,270.00 34270.00 II DELALAMON, RONALD A.( I 23-00 l -006-000930) 1,430.96 l,430.96 II DELTMA, BERNARDO D.( 123-001 -00 l -001 168) 158.41 158.41 II DELTMA, BERNARDO D.(123-001-003-001 168) 58,333.59 58,333.59 II DEOCAMPO-GALDO, MAY LTSSA G (r23-001-001- t,002.89 I,002.89 tor 104) rI DERANO. DEXTER GUADAMOR( l 23-001-008-00l2ss) 875.00 III 875.00 DERECHO, EMILY A.( I 23-00 l -00 t -0006 l 3) 8,53 L l9 8,53 r.19 III DEVERO, TLDEFONSO B.( I 23-00 l -00 r -0009s7) 2,69s.92 2,695.92

DIAZ, GTNALIN S.( l 23-001 -00 I -000645) 2,854.74 2,854.74 DrAZ, GTNALTN S ( l23-00I-004-000645) 4,758 67 ITI 4,758.67 DTMAANDAL, ROY G.(123-001-001-001087) 23,479.96 23,4'19.96

DTMAANDAL, ROY G.(123-001-008-00r087) 3.221 38 3,22t.38

DTMALANTA, ELMER P.(123-001-001-000737) 5,099. l0 5,099. r0

DTMALANTA, ELMER P (123-001-008-000737) 7,341 .70 7,34t.70

DrzoN, ARTHUR T (123-00r-003-000187) 200,000.20 200,000.20

DrzoN, MADONNA L.( I 23-00t -001 -000923) 4,00t;14 4,001.74

DIZON, PEDRITO V.( I 2340t -001 -000876) I,43 I .96 I,431 .96

DOMTNCUEZ, ANABELLE M.( r 23-00r -00 r -000902) l I,245.05 |,245.05

DUAY, PANFILO A.( I 23-001 -00 r -000762) 20,997 73 20,997 73

DUHAYLI.JNGSOD, JOVANA CRESTA T,( I 23-OO I .OO I. I I .397 .34 I1,397 .34 001341)

DUHAYLUNGSOD, WILFREDO P ( l 23-00 r -00 r -000353) 3.537.50 3.537 50

DUNLAO, JEAN L.( r 23-00r -001-000s4r ) 7,61 8.80 7,6 18.80

DURAN, ELMERANDO L.( I 23-00 I -00 I -00071 5) t,546.94 t,546.94

EBERO, AUBERTO P.(123-001-001-000176) t A44.32 1,444.32

Davao City Water District, Davao City Page 55 NOTES TO FINAIYCIAL STATEMENTS

AmountDuc

Name of Debtor Amount Balance Current PestDue less than 30 3l-90 9l- 365 (in elphebetical order) Over I Year days days days EBERO, PAQUTTO C.( 123-001-003-000071 ) 25,609.39 25,609.39 IT EBERO, ZENAIDA M.( I 23-00 r -00 I -000 I l0) 687.50 687.50 II EBORDA, ALFREDO M.(123-00t-001 -000545) 39, I 39.s9 39,t39.59 II EDULLANTES, SOTERO L.( I 23-00 l -00 I -00092 I ) I 13.99 113.99 rI EDULLANTES, SOTERO L.(123-001-002-000921) 28.508.45 28,508.45 IT I EDULLANTES, SOTERO L.(123-001-006-000921 ) I,751.22 t,751.22 II EHTRA, HELBERT B.(123401-001-00068t ) 6,303.72 6,303.72 II ELrD, REQUALITO A.( I 23-00r -00r -000459) 78s.49 785.49 II ELLTVERA-EBALTZ, JANTNE JOY P.(123-001-001-000764) 190.24 tqJ.24 II ENCABO, BENEDICTO B.( I 23-00 l -005-00022 I ) 2493.45 II 2,493.45 ENOC, SANDY SR. C.(123-001-001-000554) 4,778.76 4,778.76 II ENRIQUE, REYNALD B.( l 23-00 l -00 I -000548) 14,323.08 14,323.08 II ENRTQUE, REYNALD B.( I 23-00 l -002-000548) 59,900.00 59,900.00 IT ERIA, NESTOR B.( 123-001-001-000477) 1,875.74 t ,875 74

ESTO, EDUARD C.( r 2l-00r -00r -0009 l 7) t6,968.40 t6,968,40

ESTORBA, ARNOLD C,(123-00t-001-000857) 17.340.45 t4,238.25 3,t02.20 ESTRELLADO, FROTLAN P.( r 23-001 -001 -000920) 5,7 I 7. l0 5,7 t7 .t0 II EVANGELIO, REXEL A.( 123-00 t-001 -000409) 5,845.21 5,845.21 II EVANGELISTA, ANTHONY B.(123-001-001-000849) 900.00 900.00 II EVANOSO, NrLO P (123-001-00r-000527) 5,56't.16 5,567. l6 II FERANDOS, JOEL L.( 123-00 t -001 -001 007) 21,725.92 2t,725.92 II FERNANDEZ, ALAN Z ( I 23-00 l -001 -0005 I 3) 20,518.2't 20,5t8.27 II FERNANDEZ, ELIEZER L.(123-00t-001-000442) 3,613.14 3,6 r 3.14 II FEROLIN, HONEYLETTE MIA C.( I 23-00 l -00 I -000790) 16,255.24 16255.24 II FERRANDO, REYGTE P.( t23-001 -00 l-000701 ) 4,589.51 4,589.s 1

FERRER, pOLTCARpTO B.(123-001-001-000496) 178. I 0 378. l0

FERRIOLS, MA. ROCrO .(r23-001-001-TEMP-02rRET) 13,349 64 13,349.64 FETALVER, MIRALUZ JOY D.(123-00t-001-TEMP- 3,66679 3,666.79 )22RET)

FrEL. CATHERTNE C.( 123-001-00 t -000964) I 1,444.88 I I,444.88 FrEL, JOENEL C.( 123-001 -001-001 r l 0) 167.05 167.05 I FLORES, EMELTTA R.( I 23-001 -001-000270) 4,0t7.t2 4,O17.t2 I FRONES, GERRY P.( I 23-00 I -001 -000866) 417.M 437.44 I GABUYA, ELLANENA J.(123-001-00r-000467) 3,536.40 3,536.40 I GADIA, TERESITA T.( 1 23-001 -00 1 -000278) 500.00 500.00

GALLETO, ALDWIN rAN A.( I 23-001 -001-001075) 3, r09.50 3, I 09.s0

Davao City Water District, Davao City Page 56 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Current PrstDuc less than 30 3l- 90 9l- 365 (in alphabetical order) Over I Year days days days GAMBONG, DTOSDADO M.( 123-00r-001-000492) 2s,938 86 25,938 86 rr GANAPIN, SHYAN PARTOSA( I 23-00 I -00 l -00 I 254) 19,233.22 t9,233.22 IT GANTALA, ARGTLYNN L.( I 23-001 -001 -00 I 200) 13,7t2.22 t3,'n2.22 IT GARADO, FRED C.( 123-001-001-000542) 3,743.|s 3,741.t5 II GARRIDO, NESTOR ( 123-001-00 I -TEMP-025RET) 3,788.62 IIT 1,788.62 GARSUTA, LtZA E (123-001 -001 -000520) 1,500.00 t,500.00 III GATDULLA, VILLAMINDA (I23.OOI-OOs.TEMP. 026RET) I I,883.05 III r 1,883.05 GATONGAY, RAFAEL I -00 I -000435) M.( 23-001 ly'ol.8r I ,401 .81 II GENTALLAN, tAN JAMES D.( I 23-00 l -002-000843) 25,987.50 25,987.50 II GENTALLAN, IAN JAMES D.(123-001-006-000843) t,307 54 1,307 .54 II GERALDO, LEO RHEY M.(123-001-001-0008s2) 23,786.28 23,786 28 IT GESULGA, ROLAND A.( r 23-00r -00t -001071) 4,069.63 4,069.63 rI GLODOVE, RTCKY p.( t23-001-001 -000335) 9,008.57 9,008.57 II GO, ANGELITO J.( 1 23-001 -00 1 -000756) 6,539.28 6,539.28

GOLOSTNO, TLUMTNADO S.( I 23-00 I -001 -0003 I s) 20,944.01 20,944.0t

GONZALES, IMEE LOU F.( I 23-00 l -00 I -00 I 054) 19,439.1't t7,499.17 1,940.00 GONZALES, RENATO D.( r 23-001 -00 l -000603) 22,95s.80 22,955.80 III GRECIA, ANJr LAURA A.( I 23-00 l -001 -001 334) 8,200.74 8,200.74 III GUARDE, CHRTSTTNE S.( l 23-00 l -001 -00t I 40) 206.25 2M.25 ITI GUERRA, DANTLO H.(123-00t401-000359) 23,364.45 23,169.45 I 195.00 I GUERRA. MIA FE C.(l 23{0r -00r -00r075) t2,281.74 12,28t.7 4 II GUTDO, FRANCISCO (123-00t-008-TEMp-00rOTH) 15,812.1 I rIr 15,812.1 I GLJNTING, PEDRO C.( 123-001-001-000577) I,344.00 1,344.00

GUTANG, EDGARDO L.( I 23-00 I -00 I -000680) |,252.50 1,252.50 HALASAN-VILLANUEVA, LOUISE MAY V.(123-001- I.70t 90 1,701 .90 00r-001 r92) II HEGA, MANNY .( 123-001-008-TEMP-002OTH) 10.062.00 II 10,062.00 HIDALGO, CHERRY GAY J.( r23-00r-001-001099) 5,954.58 5,954.s8 II HILARIO, FRANCISCO .(123-001-001-TEMP-03oRET) 9,99s.80 II 9,99s.80 HOMEZ, EXEQUTEL B ( 123-001-00r -000056) 9,097.32 9,097.32 II HOMEZ, EXEQUTEL B.( l 23-00 l -003-000056) I 08,333.s7 l 08,333.s7 II HUELAR, HERACLEO T.(123-001-001 -000468) t,995.05 1,99s.05 IT HUSATN, HTLTON P.( 123-001 -001 -001 144) 5,078.98 5,078.98 II HUSAIN, HTLTON P.( 123-001-003-001 144) 188,685.40 188,685.40 II TDULSA, DOMTNADOR JR. C.(r23-00r-001-000934) 244.98 244.98 II TDULSA, DOMTNADOR JR. C.( l 23-00 l -002-000934) 3,800. I 8 3,800. l 8

Davao City Water District, Davao City Page 57 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Currcnt PrstDuc less than 30 3l-90 9l- 365 (in alphabetical order) Over I Year days days days

IDULSA, DOMTNADOR JR. C.(123-001-006-000934) I,291 57 I,291 .57

TGNACTO, LEOPOLDO M.(123-001-00r-0007ss) 29,636.t6 28,856.2s 779 91 TGNACTO, LEOPOLDO M.(123-001-002-0007ss) 49,938.96 49,938.96 II TGNACTO, ROGER T.( l 23-00 l -00 r -000925) 2l,10s.99 21,105.99 II IMAN, REYNANTE N.(123-001-001-000938) 6,521.25 6,521.25 II IMAN, REYNANTE N.( 123-001-002-000938) 7,3t9.12 7,3t9.12 IT rMAN, REYNANTE N.(123-001-006-000938) 1,244.03 1,244.03 rI INTO, ERWrN E.( l 23-00 l -001 -000629) 37.39 37.39 II INTO, ERWrN E.( 123-00t-008-000629) 2,835 16 2,835. I 6 II INVIDIADO, ROSEMARIE p ( r23-00r-00l-000646) 39,391 .6 I 34,391.61 5,000.00

IROG-rROG, GILBERT A.(123-001,00r-000547) 6,919.02 6,919.02

TSTURIS, MARK TTMOTHY C.( 123-001-001-001 326) 4,709.06 4,709.06

JABAJAB, FRANCISCO B ( I 23-001 -00 I -000424) 3,210.00 3,2 10.00 JABAJAB, FRANCTSCO B.( l 23-00 l -002-000424) 5,287.50 5287.s0 I I JABAJAB, FRANCTSCO B.( r 23-00 l -006-000424) t,2s2.30 t,252.30 I I JABILE, RAUL A.(r23-00r-001-000379) 13,694.1 I l 3,694. I l I I JABINES, RUTH G.( I 23-001 -00t -000528) 19,638.22 t9,638.22 I I JABTNES, RUTH G.( 123-00r-003-000s28) 58,333.59 58,333.s9 I I IAO, MARLOU V ( I 23-00 I -00 l -000864) 6,030.73 I I 6,030.73 JAYME, EDUARDO S.( 123-001 -00 l -000678) 22,566.30 I 22,s66.30 JAYME, EDUARDO S.( l 23-00 l -008-000678) 8,706.2s III 8,7M.25 JOSOL, MAGDALENA P (123-001-001-000301) 4,206.44 4,206.44 I JUMUAD, MAYLENE F.( 123-001-00 l-00078s) 7,035,92 7,035.92 I JURILLA, PATRTCTA C( I 23-00 I -001 -00 l 288) 4 t,903.00 28,900.00 I r3,003.00 KIAMCO. ROCHIE MAE O.(t23-001-001-000757) 15,269. I l l 5,269. l3 I LABAG, NORBERTO A.( r23-001-001 -000890) 3,934. l0 I I 3,934.10 LABAGALA, EDGAR OCTAVTOS G.(123-001-00r-00091s) 34,704.64 I,495.00 I 33,209.64 LACABA, AUDREY S.( l 23-00 l -00 l -00r r62) n,587.77 I I ,587 .77 I LAGUESMA, ALLAN VICTOR L.( 123-001-001-000275) 800.00 800.00 I LAGURTN, MELQUTADES C.( l 23-00 l -001 -000552) 2,281 .89 2,28t.89

LAGURTN, MELQUTADES C.( l 23-00 l -002-000s52) 3s,000.00 3s,000.00

LAGURTN, MELQUTADES C.( l 23-00 l -006-000552) l,490.54 1,490.54 LArD, ALFONSO E.(123-00r-003-0002s5) 127,788.00 III I 27.788.00 LArD, ALFONSO E.( l 23-00 r -008-000255) 42,722.26 42,722.26 III LAMOSTE, ELEANOR R.(123-001-001-000289) 10,604.34 10,604.34

Davao City Water District, Davao City Page 58 NOTES TO FINANCIAL STATEMENTS

AmouItDue

Name of Debtor Amount Balance Current PrstDue less than 30 3r- 90 9r- 365 (in alphabetical order) Over I Year days days days LAMOSTE, NELSON B.( I 23-001 -001 -00033 l ) 1,038.10 I ,038.10 III] LANGA, NESTOR D.( 123-001 -001-000650) 582.26 rIr 582.26 LANSON, RODRTGO SR. S.(123-001-001-000523) 15,964.47 4,085.14 l 1,879.33

LANSON, RODRTGO C(123-001-001-00t273) 122.08 122.O8

LAPE, ROMEO SALVADOR S.(123-001-001-000375) 1,127 .71 t,127.71

LAPTZ, MANUELTTO Q.( l 23-00 l -00 I -000878) 3,056.04 3,056.04 LAPTZ, VTCENTE CARLTTO O.(123-001-001-000486) 7,608.52 7,203.02 I 405.50 LAPTZ, VTCENTE CARLITO O.( r23-00 r-006-000486) 1.243 28 t,243.28 I LASERAS, EMMANUEL S.( I 23-00r -00 l -000947) 458.85 458.85 r LEDLJNA, ATELANO Z.(123-001-001-000466) 29,313.68 29,313.68 I LEDLJNA, ATELANO Z.(123-001-003400466) 358,333.47 358,333.47 I LEGASPT, rRrS U.(123-001 -001 -0005 I I ) 15,759.46 t5,549.46 210.00

LEGASPI, NOEL G.( I 2340 I 40 l -000529) l 1,076.09 I 1,076.09 LEGASPT, NOEL G.( l 23-00 l -002-000529) 13,440.00 I3,,140.00 I LEGASPT, NOEL G.(123-001-006-000529) 1,306.79 I,306.79 I LENTERNA, MARrE-LrZ O.(123-001 -001-000536) 9,426.85 9426.85 LEODONES, ALEX N.(r 23-00r -001-000619) 884. l0 884. l0 I LEONIDA, JERELL J.(r23-001-001-000942) 2l ,s88.64 2l,588.64 I LEYVA, GTLBERT ROY C.(123-001-001-001058) I,t 8l .99 1,181.99

LLAGLTNO, MADONNA C.( r23-00r-001-000616) 6,996.94 6,996.94

LLAVE, MARCHESSA CORAZON S(123-001-001-001477) 9,816.92 9,816.92 LLENADO, TSMAEL L.( I 23-001 -00 l -00037 r ) t4,635 69 14,635.69 II LLENADO, ISMAEL L.( 123-001-002-00037r ) 14,38 r ,25 t4,38t.2s

LLENADO, ISMAEL L.( 123-001-006-000371) I,358.46 I,358.46

LOON, REYNALDO D.( l 23-001-00 r-00049r ) 3,322.97 3,322.97 LORENZO, ARMAN SR. N.( 12340 I 401 -000622) 20,380.21 20,380.2 t II LORIA, PERCTVAL JR. D.( r23-001-001-000733) 899.08 899.08 II LOZADA, TrTO C.(123-001-001-000796) 7,304.07 7,304.07 II LUCERO, MARLON D.(123-001-00r-00r270) 8,792.| 8,792.11 II LUCMAYON, ELWrN B.(123-001-001 -000556) 19,731.67 19,'131.67 II LUMAPAK, RON L.(123-001-00t-000635) 2sps7.s8 25,057.58 III LUMAPAK, RON L.(123-001-008-000635) 4,022.63 4,022.63

LUMOGDANG, PAULTNO S.( l 23-00 1 -001 -000530) 3,'123.28 1,723.28

LUY, PETER P(123-001 -001 -001 683) 2,565.00 2,565.00

MABATID, CRtSTTTO N.(123-001-001-000490) 2,223 41 2,223.4t

Davao City Water District, Davao City Page 59 NOTES TO FINANCIAL STATEMENTS

AmountDue

Nrmc of Debtor Amount Balancc Currcnt PrstDue less than 30 3r- 90 9l- 365 (in alphabetical order) Over I Year days days days

MABTSCAY, GEOVANNT PANALTGAN( I 23-00 I -00 l - 16,983.81 16,983.81 )0 r 2s3) III MACATUMBAS, ALVrN R.( l 23-001 -001 -00t t'72) 1,64't.52 1,647.52 rII MADENANCTL, JAYSON H.(123-001-001-001097) 5,935.75 s,935.75 III MADENANCTL, JAYSON H.( 123-00r -002-00t 097) l7,2t9 86 t7,2t9.86 III] MADENANCIL, JAYSON H.( r 23-00 l -006-00 I 097) 1.306 79 I,306.79 II MADRAZO, ELISA C.( r23-001-00r -000416) I7,95I.8t t7,774.3t 177.50 MADUAY, MELVTN M.(123-001-008-000658) 733.24 733.24 IT MAGARTN, EDTLBERTO C.( l 23-00 I -001 -000783) 21,370.18 2l,370. I 8 II MAGARTN, ROMEO R.(123-001-002-000212) 36,87s.00 36,875.00 II MAGARTN, ROMEO R.( t23-001-006-000212) 476.76 476.76 II MAG-ASO, REYMA R.(123-001-001-000779) 4,4t0.54 4,410.54 II MAGBANUA, MANUEL P.( I 23-00 l -00 l -0004 I 4) 7,449.34 7,449.34 II MAGBOJOS, RENATO R.( 123-001-001 -000721 ) 22,t38 62 22,138.62 II MACNAYE, MARTLYN G.(123-001-001-000417) 17,747 .22 t7,'t47.22 II MAGSUCI, NOEL P.( I 23-001 -00 ! -000290) 8,61 7.96 8,6t7.96 II MAGTUBA, MELLIE M.( I 23-00 l -00 l -000374) 2220.85 2220.8s II MATSO, FRANCTSCO G.(r23-001-001-000384) 22,373.86 22,173.86 II MATSO, FRANCTSCO G.( 123-001-002-000384) 2,423.85 2,423.85 II MATSO, FRANCTSCO G (r23-00r-006-000384) I,260.75 1,260;75 II MALTCRO. CHANELYN BOCADO( 123-00 I -00 r -001 067) 25.23 25.23 II MALNEGRO, ERNrE A.( I 23-00 l -00 l -00 1086) 12s.00 r 25.00 II MALNEGRO, ERNIE A.(123-001-002-001086) 13,000.00 13,000.00 II MALNEGRO, ERNIE A.( I 23-001 -006-001 086) I,35t.5I 1,351.51 II MAMAC, JOSrE E (123-001-001-001l0l ) 1,552.27 t,552.27 II MAMHOT, ALEDA B.( 123-001 -001 -00 r 083) 20,000 03 20,000.03 II MAMHOT, ALEDA B.( l 23-002-00 r 083) t0.20 10.20 II MANABAN, MA ANTONIA R.(123-001-001-001 197) 7,39r.86 7,39t .86 II MANALO, HENRY P.(123-00r-001-000373) 8,243.56 8,243.s6 II MANGLE, CRTSTTNO A ( l 23-001 -00 l -000403) 19,535.58 19,535.58 II MANTNGO, DENNIS A.( I 23-001 -003-000932) 358,33 3.47 3s8,333.47 II MANTNGO, DENNIS A.(t23-00t -007-000932) I,820.41 1,820.41 II MANTQUEZ, CRTSPE C.(r23-001-001-000s63) 8,904.39 8,619.39 285.00 MANUEL, DONNA LABADAN( I 23-00 I {0 l -00 I 272) 19,035.03 19p3s.03 II |\4ARABTLES, ARVTN O ( I 2l-00 l -00 l -000452) I .025.54 1,025.s4 II MARALTT, NELSON V.( l 23-00 l -002-000224) I 9,1 33.59 I 9, I 33.59

Davao City Water District, Davao City Page 60 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Brlence Current PastDuc less than 30 3l- 90 9l-365 .(in alphabetical order) Over I Year days days days MARALTT, NELSON V.( I 23-00 I -006-000224) I,356.40 I,356.40 I] MARANON, EDUARDO p.(123-00t-001-001 280) 500.08 500.08

MARANON, JESSTCA G.( r 23-001 -00 l -00r 23 I ) 75.00 75.00

MARAVILLA, MA. CONSUELO J.( I 23-00 l -00 I -000465) 1,057 .22 1,0s7 .22

MARQUEZ, JUDITH P.( 123-001-001-000702) 20,319.26 20,3t9.26 MARQUEZ, OSCAR A.(123-001-00t-000st2) 2,505.50 rrI 2,505.50 MASPTf,TAS, HYDrE R.(123-001-001-00029r) 10,480.44 9,925.44 555.00 MASPTTiAS, HYDrE R.(123{01-003400291) 50,000.26 50,000.26 II MASPTFTAS, HYDrE R.( I 23-002-Ocfi29t) 25.48 25.48 II MAT-AN, MARLON T.(t23-001-001-000893) 473.9t 473.91 II MAXTNO, LORNA M.(123-00t-001-000460) 624t.72 5,737;72 504.00

MAYOR, ROMEO V.( r23-001 -001 -000363) 5,030.64 5,030.64

MEDIDAS, RUEL C.( l 23-001 -00 I -000723) 12.50 12.50

MEDTNA, ARvrN. S.( l 23-001 -00 l -00 I 298) 395.80 395.80

MERCADO, CHARLTTO S.( I 23-00 I -00 l -001 442) 75t3.40 7,613.40

MIRANDA, ANTHONY D.(123-001-00r -0003ss) 13,24s.49 13,245.49

MTRANDA, ANTHONY D.(t23-001-003-00035s) r 08,333.57 108,333.57

MIRANDA, ROSIE B.( I 23-00t -00r -000696) 79t.70 79t.70

MOLINA, EMILTO S.( I 23-00 I -00 l -000484) 2,434 25 2,434.25 MONTAJES, ROBERTO SR. T.(123-001-001-000462) 5,694.30 5,694.30 II MONTATiA, NOEL C.(123-001-003-000054) 508,333.41 508,333.41

MONTEJO, ENRTQUE O.( l 23-001 -00 l -000535) 19,572.67 19,572.67

MONTES, VIRGIL L.( l 23-001 -001 -0008s8) 1,625.00 I,625.00

MONTES, vrRGrL L.( r 23-001 -002-0008s8) 37,502.00 37,502.00

MONTES, VTRGIL L.( 123-001 -006-000858) I,478.90 1,478.90

MORATIN, MANUELITO A.(123-001-001-0001 85) 4,t30.54 4,130.s4

MUANA, ALFRE G.( l 23-001 -001 -00 l07l ) t3,703.62 13,703.62

MT.JNEZ, EFREN V.( r 23-00 l -00 r -000393) 9,05s.27 9,055.27

MUtrOZ, MA. DONNA MAE C.(r23-001-00r-000765) 9,325.34 9,325.34

Mr.lNoz, RoNALD A.(123-001-001-0004s7) 2,t51.25 2,t51.25

MUNOZ, RONALD A.( 123-001-003-000457) 300,000. l 6 300,000. l6

NACILLA, SAMUEL A.(t23-001-001-000730) 3,562.80 3,562.80 NARANJO, BELTNDA C.( l 23-00 l -00 l -001 r 77) 6,453 94 6,4s3.94 II NATAD, REGALADO S.(123-001-001 -000687) t2,991.05 I 2,991 .05

NAVALES, ARNOLD D.( I 23-00 l -003-000250) 72,023 76 72,023.76

Davao City Water District, Davao City Page 6l NOTES TO FINANCIAL STATEMENTS

AmountDuc

Nrme of Debtor Amount Brlence Current PastDue less than 30 3l-90 9l- 365 (in alphabeticrl order) Over I Year days days days NAVALES, ARNOLD D.(123-001-007-000250) t7,796.08 III t7,796.08 NAVALES, ARNOLD D.(123-00r-008-000250) 14,627 85 t4,627.85 rI NAVARRO, ALFREDO P.( l 23-00 l -00 r -000392) 13,500.89 13,500.89 II NAVARROSA, MAE ANNE M.(123-001-001-001215) 3,78 t .3 I 3,781 .3 I II NAVTDAD, RAMEL C.(123-001-001-001 176) 6,425.40 6,425 40 IT NELLAS, DEOGRACIAS H.(123-001-004-000434) 3,t12.47 II 1,172.4'l NENERIA, DANILO C.(123-001-001-000788) l ,8 16.99 I,816.99 II NENERIA, DANTLO C.( I 23-00 l -002-000788) 13,440.00 13,440.00 II NENERIA, DANILO C.( I 23-001 -006-000788) l ,373.16 t,3'13.t6 II NTDEA, JOSEpH V.( l 23-001 -001 -000476) 14,678.98 14,678.98 II NIDEA, JOSEPH V.( 123-001-002-000476) 2t,41t .54 2t,43t.54 III NIDEA, JOSEPH V.( 123-001 -006400476) I,360.53 r,360.s3 II NINO, RODINA CARREON(123-001-001-001226) 14,316.67 t4,3t6.67 II NOBLE, ARIEL L ( 1 23-00 r -00 1 -000441 ) 6,528.48 6,528.48 II NOBLE, ARIEL L ( 1 23-001 -003-00044 1 ) 324, I 87.50 324,t87.50 II NORICO, CHONA L (123-001-001-000406) 3.529.78 2,59t.78 938.00

NORIEGA, ADELAIDA M.(123-001-001-000057) r ,433.36 I,433.36

NORIEGA, ADELAIDA M.( I 23-00 I -003-000057) 54t,666.'73 54t,666.71 NUCUM, MA CRISTINA S.(123-001-001-000249) I 1,540.56 I I,540.56 II oBEDA, NOCHELITA T.( I 23-001 -00 l-001 064) 4,264.80 4,264.80 II OBENZA, FELIXBERTO Q.( 123-001-001-000407) 14,99t.63 14,99t.63 II oLARTE, JESSEBEL .(123-001-001-001227) 2,188.93 2,1 88.93 II olrvo-DELos sANTos, HoPE F( I 23-00 I -00 I -00 I 358) I ,701 .98 l,701 .98 II oNDANGAN, SENADO JR. A.( I 23-001 -001 -000612) 8,53 3.98 6,942.25 1,591.73 II oNEZ, FLORENITO A.( I 23-00 l -00 I -00050 I ) 10,t42.t4 10,142.14 III oRroN, GRACE G.( I 23-00 I -001 400768) t5,t20.71 t5,120.73 III oRION, YANCY U.( I 23-001 -00 l -000793) 4,593.02 4,593.02 III cRros, MARY JANE M.( I 23-001 -00 t -000949) t6,641 06 16,643.06 III oRoz, EDUARDO SR. C.(123-001-001 -000349) 7,393.66 7,393.66 osflQUE, JANE LUCILLE T( 123-001-001-001445) 1.49 t .5 I 3391 .s l --rIII oxALES, ALBERT M.(123-001-00t-000936) 4,375.01 4,375.01 III PADA, JOEL .( I 23-001 -001 -TEMP-036RET) 2,170.59 2,t70.59

PADOLINA, LUZVIMIN P.(123-001-001-001317) 297.53 297.53 PAGLJNTALAN, JILMA B.( 123-001-001-000480) r 7,1 67.58 t6,822.58 I 34s.00 pAJARTTO, EDENILO C.(123-001-001-000624) 5,081 98 5,081 .98

Davao City Water District, Davao City Page 62 NOTES TO FINAI\CIAL STATEMENTS

AmountDuc

Nrme of Debtor Amount Balence Current PestDue less than 30 3l- 90 9l- 365 (in alphabeticet ordcr) Over I Year days days days p.(123-00t-001-000508) PALACTO, JOSEpH 4,295.47 4,295.47 II p.( PALACIO, JOSEpH 123-001 -002-000s08) 3,872.69 3,872.69 II p.(123-001406-000s08) PALACTO, JOSEpH t,252.30 1,252.30 II PALANCA, ROBERTO D.(l 23-001 -001-000264) 29,783.09 29,783.09 II PALANCA, ROBERTO D.(123-001-002-000264) 2,714.t8 2,714.t8 II PALANCA, ROBERTO D.(123-001 -006-000264\ t,256.43 I,256.43 rII PALEC, KRTSTINA CASSANDRA A.(123-001-001-001498) 4,120.93 4,t20.93 IT PALERO, DANTLO B.( I 23-00 l -001 -000402) 5,495.36 5,49s.36 rI p PALMERO, GERALD (123-00r-008-000500) 1,890.76 1,890.76 II PALO, JOFTN CHRTSTTAN M.( I 23-00 I -00 I -000722) 21,262.19 21,262.t9 II PALOMA, PETER L.(123-001-001-000489) 7,087.05 7,087.05 II PANES, RODANTE B.( 123-00 l -001 -000837) r ,416.35 1,416.35 IT PANES, RODANTE B.(123-00t-002-000837) t7,66t .44 t7,66t.44 II PANES, RODANTE B ( 123-001-006-000837) 1.244 03 t,244.03 II PANSACALA, JUANITO C.( 123-001 -001-000601 ) 38,969.80 38,969.80 rI PAPTLLERO, MARIA LUZ Llt 23 -00t-00 l -00 I 238) r,000.00 l,000.00 II PASAJE, RODRtC,O C.( 123-001 -002-00061 8) 50,500.00 50,s00.00 I I PATES, CARLOS R.( I 23-001 -001 -00 I 096) 96.71 I 96.'n PATES-CEROJALES, SHARON HAZEL Q.( I 23-00 l -00 l - 274.24 274 24 00r 079) I PAULTNO, JOFIN PAUL D.(123-00r-001-001208) 12.s0 12.50 I PE BENITO, BEVERLY (r23-001-001-TEMP-0r2REr) t2,834.45 t2,834.45 PEDRAJAS, EDITHA D.(123-001 -00 l -0012 I 8) t3,3t7.45 t3,317.45 IT PELLANO, MANUEL C.(123-001-00r-000382) t8,202.36 18,202.36 II PEPE, JLJNIE T.( 123-001-001-000752) 23,526.04 23,526.04 II PEPE, JUNIE T.( 123-001 -002-000752) 48,806.08 48,806.08 II PEPINO, GERRY C.(r23-00r-001-000s03) 6,935.77 6,93s.77 II PEPINO, GERRY C.( 123-00r-008-000s03) 3,725.97 3,725.97 II PEREGRTNO. HENRY JAY B.( l 23-00 r -00 l -000926) 4t.74 41.74 II PETALCORIN, REYNALDO M ( l 23-00 r -00 r -000304) 2,058.37 2,058.37 rI PrcHoN, RAUL B.( I 23-001 -00 l -TEMP-039RET) 2,665.88 2,665.88

PIDOR, ZENAIDA .(t23-001-001-TEMP-040RET) 5,03 t.85 5,031.85 PTNANOS, ROGELTO A.( l 23-00 l -00 l -000602) 1,589.73 1,589.73 II I PTNGOY, ANICETO D.(123-001-001-000321) 5,003.48 5,003.48 II PTNOTE, ROEL .( r 23-001 -00t -TEMP-O4 I RET) 8,737.t6 III 8,737.16 PLANA, ERNESTO I.(123-001-001-TEMP-043RET) t t4,470 89 I 14,470.89

Davao City Water District, Davao City Page 63 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Current PastDue less than 30 3l- 90 9l- 36s (in elphabeticel ordcr) Over I Year days days days POSADAS, STELLA A.( I 23-001 -00 l -000285) 25,952.74 25,952.74 II POSADAS, STELLA A.( I 23-002-000285) 777.66 416.l8 36t.48 PUA, EXUPERTO p ( 123-001-001 -000724) 23,898.44 23,898.44 ITI PULIDO, NESTOR M.(l 23-00 I -00 I -000395) 16,041.23 16,043.23

PLJNZALAN, RENANTE A.( I 23-00 I -001 -00 I I 7 r ) 942.33 942.33

PTJNZALAN, RENANTE A.( I 23-001 -008-00 I I 7 I ) 0.01 0.01 QUEREQUENCTA, ALLAN .( I 23-00 l -00 I -TEMP-045RET) 1,374.50 III I,374.50 QUTNTO, REYMUNDO C.( 123-001-001-000091 ) 1,056.33 I,056.33 II QUINTO, REYMT.JNDO C.( 123-00 I -002-000091 ) 39,041 .70 39,04t.70 IT QUINTO. REYMUNDO C.( 1 23-00 1 -006-00009 1 ) 1.309.89 1,309 89 II TSAGANI C.( I 23-00 r -00 t -00057 QUTNTOS. I ) 300. l0 300. r 0 II RACANDAY, ROEL ARNULFO R.(123-001-001-000869) t,363.92 t,363.92 RAMOS, JUSTINA .(123-001-001-TEMp-047RET) 4,084. l5 III 4,084. l5 RAMOS, MA. CRISTTNA E(123-001-001-001387) 4,308.43 4,308.43 III RAQUEL, BABY LUCTLA C.( r23-001401-000430) 4,r 53.53 4,153.53

RAQUEL, BABY LUCTLA C.( l 23-002-000430) 203.87 203.87 RARA, DIOSDADO A.(123-001-001-000354) 32,483.78 32,483.78 I I RARA, DIOSDADO A.(t23401-002-000354) 36,424.86 36,424.86 I I RARA, DTOSDADO A.(123-001-006-000354) t,392.4't 1,392.47 I I RAVtNA, JESSON P.( 123-001-00 l-000799) 391.94 391.94 I I REDULLA, BERNADINE G.(123-001-001-000639) t,2t6.M 3,2t6.04 III REDULLA, NORHELIN L.(123-001-001-00r220) 8,064.56 8,064.56 III REGALADO, EDWIN V.(123-001-003-000t58) 160,863.71 160,863.7 r III REGALADO, EDWrN V.(r23-00r-008-000r s8) 7,623.41 7,623.43 II REMOLLO, CORNELTO B ( I2l-00l-00I-000630) 7,807.78 7,807 78 II REURZORA, ELEODORO D ( l 23-00 l -00 I -000042) 428 65 428.65 II REVILLA, ROy L.( I 23-00 l -001 -00044s) 26,394.59 26,394 59 II REYES, ROMULO A.( I 23-00 l -00 l -000400) 324.30 324.30 II REYES, ROMULO A.( r 23-001 -002-000400) 13,440.00 13,440.00 IT REYES, ROMULO A.(l 23-00r -006-000400) t,357 .71 1,357 .7 | II REYES, SHAILEEN .( r 2340 l -004-000784) 98s. l 8 985. I 8 't,440.59 RIVERA, MELANO JR. B.( r 23-00 l -00r -000865) 7 A40.59

RIZON, FRANCIS R.( 123-001-001 -000s62) 2,775.07 2,775.07

ROBLES, EDWrN R.( l 23-00 l -00 l -000700) t3t.44 t33.44

RODRTGUEZ, JESON R.( l 23-00 I -00 I -000771 ) 3223.86 1,223.86

Davao City Water District, Davao City Page 64 NOTES TO FINANCIAL STATEMENTS

AmountDuc

Nrme of Debtor Amount Balance Current PastDuc less than 30 3l-90 9l- 365 (in rlphabcticrl ordcr) Over I Year days days days ROJAS, ARNEL P.( l 23-001 -002-001008) 45,100.00 45,100.00 III ROJAS, LEO JR. C.( l 23-001 -001 -000600) 3,960.32 3,9&.r2 III ROJAS, ROY ( r 23-00l-00t -TEMP-050RET) 4,t47.36 III 4,147.36 ROMARES, TEODULO S.(123-001-001-000408) 661.40 66r.40 III ROMARES, TEODULO S.( r 23-00 l -002-000408) 49,938.96 49,938.96 II ROMARES, TEODULO S.(t23-001-006-000408) 1,251 .55 1,251 .55 II RONQUILLO, MARLYN L.( 123-001 -001 -0003 I I ) t,639.70 I,289.70 350.00 ROSALES, RAUL .(r 23-00r -00r-TEMP-0s rRET) 2,685.00 III 2,685.00 ROXAS, FERNANDO G.(t23-001-00t -000597) 27,486 69 27,331 .19 155.50 RUBILLAR, JASMIN L.( 123-001 -001 -001204) t,310.13 l,3 10.13 rI SAAVEDRA, CHESTER O.( I 23-001-001 -00062 r ) 2,t92.39 2,t92.39 II SABA, NrLO A.( r 23-001 -001 -000590) 8,0 r6.34 8,016.34 II SACON, HENRY S ( l 23-00t-001 -000364) 19,652.t4 t9,652.14 SADIA, MARIO G.(123-001-001-000636) t |,769.t9 il,769.39 II sADrNO, ELATNE JOY T.(123-001-001-00r 175) 18,933.51 l 8,933.s r II SAGA, RAUL S (I23-001-00r-000623) 594.78 594.78 II SALAZAR, ROLANDO R.( I 23-00 l -00 r -000338) 100.00 r00.00 II SALSE, LEONARDO L.(123-001-00t-000599) 12,280. t 8 l 2280. l 8 II SAMBADE, RAYMUNDO C.( I 23-00 l -00t -0005 l6) t'l,427.30 15,714.30 I ,71 3.00

SANCHEZ, DANTLO A.(123-001-001-000162) 28,341 .88 28,34t.88

SANCHEZ, DANTLO A.(123-001-002-000162) 12,19t.54 12,t9t.54

SANCHEZ, DANTLO A.( r 23-00 l -006-000162) I,275.78 I ,27 5.78

SANCHEZ, ROGER S.( r23-001-001-000s3 l ) 10,489.7 I 10,489.71

SANIEL, LULYN C ( r 23-001 -00 1 -000s60) 5,743.74 4,931.30 812.44

SANIEL, LULYN C.( I 23-001-003-000560) 541,666 73 54t,666.73

SANTOS, RUBEN .(123-001-008-TEMP-006OTH) 7,524.70 7,524.70 SARABTA, ARNOLD P.(123-001-001 -000669) 25,585.80 25,s85.80 II SARABTA, ARNOLD P.(123401-003-000669) 358,333.47 358,33 3.47 II SARABIA, ARNOLD P.( l 23-00 l -007-000669) 7 ,85t.94 7,85t .94 II SARABOSTNG, GLENDA C(123-001-001-001278) t9,69't.56 19,697.56 II SARAMUSING, ANN FRETCHIE R.(123-00r-001-001363) l,l 8l .29 I,181.29 II SARTGUMBA, MAE RAMONETTE T.(123-001-001- 8,1 89.53 8,1 89.s3 100969) II SARILE, EMMANUEL C.(123-001-001-001 120) r0,033.27 10,033.2't II sARto, vINCENT R.(123-001-001-000689) t2,834.44 t2,834.44 II SARPAMONES, SILVERIO C.( I 23-00 l -00 I -000502) 889.24 889.24

Davao City Water District, Davao City Page 65 NOTES TO FINANCIAL STATEMENTS

AmountDue

Name of Debtor Amount Balance Currcnt PastDue less than 30 3l- 90 9t- 36s (in elphabeticel order) Over I Year days days days SAYAGO, ROXANNE C( l 23-00 l -00 l -00 r 407) 17,502.61 t7,502.6t II SAYON, DANTE P.( r 23-001 40 r 400498) 1,865.30 1,799.51 65.79

SERDONCILLO, ROMEO O.( 123-001 -001-000464) 8,836.6r 8,836.61

SERENTAS, FELrX G.( l 23-001 -001 -00061 l ) 5,677.9t 5,677.91

SERGIO, JASMIN C.( 123-001-001-000206) 94.32 94.32

SERRANO, BONTFACTO H.( r 23-00 l -00 l -00M40) 8,746.59 8,'746.59

SERVILLON, KAREN ANNE .( I 23-001 -001 -001225) 27,474.58 27,474.58

SERVILLON, KAREN ANNE .( r 23-002-00 l 225) 50 90 50.90 srBAL, ROGELIO P.( I 23-001 -001 -000478) 19,030.94 19,030.94 srlAo, NATHANTEL V.( l 23-00 r -00 l -000806) 8,225.87 8,225.87 srNGsoN, RoDoLFO .( l 23-00 r -00 l -TEMP-055RET) 26,868.33 26,868.33 soco, ANToNIo III M.( l 23-001 -001 -000735) 327.64 327.64 sol CRUZ, PABLO VICENTE III D.(123-001-001-00082s) 14,059.66 14,059.66 soLAMO, SHERWIN S ( 123-001 -002-000662) 32,900.00 32,900.00 soLAMO, SHERWIN S.( 123-001-006-000662) t,317 .87 t,3t7 .87 soLANoY, NANCY JOYCE M.( I 2l-001 401-000978) s,6 r 5.69 5,615.69 solrvA, RoBERT JOSE T.( 123-001-001-000918) 2,456.ss 2,456.55 soRrANo, DANTLO R.(l 23-001-001-00066s) t7,366.16 17,366.t6 soRrANO, CEORGE .(l 23-001-008-TEMP-007OTH) 6,296.08 III 6,296.08 SoToMAYOR, EDGARDO B.( I 23-001 -00 l -000663) 200.07 2N.07

suNGA, GLEZILDA D ( I 23-001 -00 l -000897) I,l13 95 I.l 13.95

suRIBA, ANITA S ( I 2l-001 -001 -000203 ) 9,687 97 9,687.97 susrENTo, MARILOU P.(123-001-001-000429) 9,1 99.00 9,1 99.00 I suzARA, SHEILA R.(123-001-001-000538) t2,522.t5 12,522.15 I l l3 r,208. r 3 TACAN, EDINA .( 123-001 -001 -TEMP-058RET) ,208. III TAGALOG, DANILO B.( 123-001 -001 -000482) 7,379.61 7,379.6t II TALADOC, DANILO B.(123-001-00.l-00073 l) 930.72 930.72 II TALAMO, DOLPEDIO H.( 123-001-001-000444) 3,719.62 3,719.62 II TALAMO, DOLPEDIO H.( I 23-00 l -008-000444) 3t;t3 3t.73

TALBO, ROGER M.( I 23-001 -00 l -000576) 10,021 .87 10,021 .87

TALEON, ELTEZER T.( I 23-00 l -001 -000292) 8,100.78 6,984.78 l,l16.00 s0,000.26 50,000.26 TALEON, ELIEZER T.( 1 23-001 -003-000292) III 22,344.47 rAN, MATT RONALD B.( I 23-00 l -001 -000775) 22,344.47 III rANA, GERVACIO T.( l2l-001-001-000287) 28,063.62 27,863.62 200.00

TAYO, EDTLBERTO P.(123-001-001-000296) 1,358.62 1,358.62

Davao City Water District, Davao City Page 66 NOTES TO FINANCIAL STATEMENTS

AmountDue

Nrme of Dcbtor Amount Batance Current PastDue less than 30 3l- 90 9l 365 (in rlphabetical ordcr) Over I Year days days days TAyO, EDTLBERTO P.( I 23-00 I -006-000296) r ,259.81 1259.81 rr TECSON, ERLTNDA A.( I 23-001 -001 -00 1002) 6,562.50 6,562.50 II TEMPO, NELSON F.( r 23-00 1 -00 1 -000690) 15,896.07 15,896.07 II TEy, NATHALIE ANNE V (l23-001-00l-001074) 56 82 56.82 II TIANO, ALDOREY F.( 123-001-001-000336) 565.34 s65.34

TIMBAD, FERDINAND O.( l 2l-001 -00 I -000504) 30,lL9.74 30,n9.74

TIMBAD, FERDINAND O.( I 23-00 l -002-000504) 4,413.5t 4,433.5t

TTMBAD, FERDTNAND O.( I 23-00 l -006-000504) t,29t.57 I,291.57

TONDO, MEDELITO C.(123-001-001 -000676) t3,504.24 t3,5M.24

TORENO, NITO N.(123-001-001-000386) 19,374. t 5 19,374.t 5

TORRALBA, FERDTNAND P.( 123-001-001-00070s) 30270.80 29,670.80 600.00 ToRREON, WILFREDO L.( r 23-001 -00 I -000483) t7,782.33 17,'782.31 II TRINIDAD, JOLIN J.( 123-001-001 -000609) 595.82 595 82 II rRtNrDAD, JOFIN J.( I 23-00 I -002-000609) t1,637.37 tt s3't.37 II IRINTDAD, JOFIN J.( l 23-00 l -006-000609) 1,255.1 I 1,255.r l II IROCIO, JIMMY A.( I 23-001 -00 l -000470) 516.59 5 t6.59 II ruBrLAN. CORAZON A.( I 23-00 l -00 I -000 I 00) n,642.23 I t,094.73 547.50 TUMANDA, RTCHARD D.(123-001-001-000971) 2,600.91 2,600.91 II TUMANDA, RICHARD D.( I 23-001 -003-000e71 ) 54t,666.73 54t,666.71 II UDARBE, ALBERTO L.( l2l-001-001-000598) t9,394.57 19,394.57 II uY, FRAMEL JOHN T.( I 23-00 I -00 l -000593) 7,067.t5 7,067.t5 II uY, SHERWIN GIOVANNI C.(123-001-001-000834) 20,812.05 20,812.05 II UYANGUREN, PET .( I 23-001 -001-TEMP-064RET) 24,56t.82 III 24,561.82 104.08 104.08 VALDEZ, CESAR C ( 1 23-001-001 -000282) III v ALDEZ, CESAR C.( 123-001-002-000282) t8,2t'1.32 18,2t7.32 III v ALDEZ, CESAR C.( I 23-001 -006-000282) 1,364.34 t,364.34

vALDEZ, JOSEPH A.( I 23-001 -001 -000267) 28,825.77 27,686.97 l,l 38.80 VALENCIA, JANETH C.( I 23-001 -00 I -00043 I ) 3 1,439.06 3l,439.06 II VALENCIA, RIZAL A.( I 23-00 l -00 I -000420) 3t6;14 1t6.74 II vALENCTA, RIZAL A.(123-001-002-000420) t6,263.19 16,263.t9 II vALENCIA, RrZAL A.( I 23-00 l -006-000420) t,3s6.40 1,356.40 II vALLECER, GILBERT R.( I 23-00 l -00 I -00 I 065) 11,019.65 I1,019.65 II 9l .68 VELEZ, BRENDO D.( I 23-00 I -00 l -000585) 9l .68 II vELOSO-CAGATIN, JADE G.( I 23-00 I -00 l -00094s) 4,970.91 4,970.93 II VERANO, BRENDA P.(123-001-001-000439) 30,660 78 30,660.78

Davao City Water District, Davao City Page67 NOTES TO FINANCIAL STATEMENTS

AmountDuc

Name of Debtor Amount Balance Currcnt PastDue less than 30 3l-90 9l- 36s (in elphabctical ordcr) Over I Year days days days VERANO, SAMSON E.(t23-001-001-000594) 3,000 00 3,000.00 rII vtLLARAZA, FELIZARDO ( t23-00t-00t-000184) 2,798.50 III 2,798.50 vroLA. MAXTMO T.( l2l-001-001-000888) 4,358. l 3 4,358. l3 III] VTRADOR, CRTSPINA B.( 123-00t -001-000861) 26,050.62 26,050.62 woN, RoMULO V.( l 23-00r -001 -000271 ) t,013.42 t,033.42 woN, RoMULO V ( 123-001-003-000271 ) 101,833.57 101,833.57

YMAS, ANTERO M.(123-001-001-000579) 10,235.88 10,235.88

ZERNA, REJAN V.(123-001-002-000854) 1 3,000 00 13,000.00

ZERNA, REJAN V.( I 23-00 t -006400854) 1,3 80.45 I,380.4s

TOTAL 13594Js0.08 t2,2909ts.64 A ar, )l 9sJ73.49 1201J38.74

Aging of Other Receivables

Name of Debtor Amount less than 30 days 3l-90days Over I Year (in alphabetical order) Balance

AGUILA TNSURANCE( I 49-00 I -001 -000- 12,500.00 I6ITEMP) 12,500.00 ALGON CONSTRUCTTON( 14940 r -00r-000- 57,087. I 8 57,087. I 8 I62TEMP) AMERICAN HOMES( 149-001-001 -000- 9,593.20 9,593.20 I64TEMP) AVM CONSTRUCTION( I49-00I -00l -000- 25,262.80 25,252.80 l6TTEMP) BACOLOD CITY WATER DISTRICT(I49. t00,943.67 t00,943.67 001-002-000- l9oTEMP) CABINUANGAN WATER WORKS( I49.OOI. 94,222.00 94,222.00 002-000- l 95TEMP) CAGWAIT WATER DISTRICT(149-001-002- 7,828.00 7,828.00 000-l96TEMP) CANTILLAN WATER DISTRICT( I49.OOI. 140,250.00 140,250.00 002-000- l9TTEMP) DAVAO LrGHT & POWER CO., tNC.(149- 43,43I.t0 43,43 I . l0 o0 l -00 l -000-553-043-00 I vAT) FOR RECONCTLTATTON( l 49-002-999) 61,880.s8 6l ,880.s8

FOR RECONCTLTATTON( l 49-00s-999) 185,303.48 I 85,303.48 FOUNDATTON SPECTALTST(149-001-001- 5,959 83 5,959.83 000- l7l TEMP) GLAN WATER DTSTRTCT( 149-00r -002-000- 37.33t.28 37,331.28 l99TEMP) GOODYEAR STEEL PIPE coRPoRATTON( r 49-00 l -00r -000-3't2-83 t - 21,200.00 21,200.00 OOO VAT) COVERNMENT SERVICE INSURANCE 9, l 05.00 9,105.00 SYSTEM( 149-001 -00 l -000- I 48TEMP)

Davao City Water District, Davao City Page 68 NOTES TO FINANCIAL STATEMENTS

Namc ofDcbtor Amount (in rlphrbetical less than 30 days 3l-90days Over I Year order) Balancc HAGONOY WATER DTSTRTCT( 149-00 t-002_ 56,906.95 56,906.95

HINATUAN WATER DISTRICT( I49.OO I -OO2- 6,537.74 000-20 r 6,537.74

r 49-00 I -00 I t 4,343.90 150.00 14,193.90

JHAYMARTS( I 49-00 I -00 l -001 479-83 I VAT) 76,101 00 76,101.00 KAR ASrA, rNC.(149-001-001-000-075-589 VAT) 7,800.00 7,800.00

LAPANDAY DEVELOPMENT CORP.( I 49- 00r-001-000-I75TEMP) 4,255.00 4,255.N

LEPANTO BUILDERS( I 49-00 I -00 I -000- rT6TEMP) t21,640.95 121,640.9s LTANGA WATER DTSTRICT(149-001-002- 000-203TEMP) 43,849 30 43,849.30 LINAMON WATER DTSTRICT( t49-00t-002- 000-204TEMP) 30,000.00 30,000.00 LOCAL WATER UTILITIES ADMINTSTRATION (LWUAX I 49-00 l -00 I 15,025.00 15,025.00 000-l4oTEMP) LUPON WATER DTSTzuCT(149-001 -002- 000- 2osTEMP) 4,000 00 4,000.00

MA-A FOUNDRY( 149-001 -001-000- I 77TEMP) 64,228 26 64,228.26 MINDANAO ASSOCIATION OF WATER 22,600.00 22,600.00 DrsTRrcT( 149-00 r -001 -000- l 78TEMp)

MONOLTTHIC CONSTRUCTTON( l 49-00 l - 85,38 t .53 00 r-000-r 79TEMP) 8s,l8 l 53 NABIJNTURAN WATER DISTRICT(I49.OOI. 68,2t6.39 68,2t6.39 002-000-21 I TEMP) NEW CORILLA WATER DISTRICT( 149-001 - 002-000-2l3TEMP) I15,250.00 l15,250.00

PHIL-ASIA( I 49-00 I -001 -000- I 80TEMp) 6,649.59 6,649.59 PHILIPPINE ASSOCIATION OF WATER 37,603.80 DrsTRrcTS(149-001-001-001-989-401-000 NV) 37,603.80

PLACER WATER DTSTRTCT( I 49-00 l -002- 5,300.40 000-2l6TEMP) 5,300.40 RICARDO LIMSO MEDICAL CENTER 7,024.93 't,024.93 rNC.( l 49-001 -00 r -000-065-8 l 2 vAT)

RMD ENTERPRTSES( l 49-00 r -00 I -000- r8lTEMP) 8,200.00 8,200.00 RUIB( I 49-00 l -00 I -000- I 82TEMP) 12,997.15 12,997.t5 SAN ISIDRO WATER DISTRICT( I49.OOI. 66,425.00 66,425.00 002-000-221TEMP)

socEMwrc( I 49-00 r -002-000-223rEMp) 8,763.20 8,763.20 SOUTHERN MINDANAO STEEL 345,850.40 345,850.40 FABRICATION( r 49-00 t -001 -000- r 83TEMP)

TAPIC ENTERPRISES( I 49-00 t -00 I -000- 9.469.32 9,469.32 r84TEMP) TrBAL-OG wATER DTSTRTCT(149-00r-002- 85,080.00 8s,080.00 000-229TEMP) TUPI WATER DISTRICT( 149-00t -002-000- 60,000.00 60,000.00 23OTEMP) YI{EGUEZ CONSTRUCTION( I 49-001 -00 I - 9,390.86 9,390.86 000-l 86TEMP)

TOTAL 2210,788.79 4,40s.00 2,206383.79

Davao City Water District, Davao City Page 69 NOTES TO FINANCIAL STATEMENTS

Aging of Cash Advances

Anotrnl Duc Rcmerlr

Totrl (stlte drte of Amounl liquidation and r6on *,hy if Drac CA 6l- Ovcr Namc Lc$ ahsn 3l-60 Prrliculsn Rcfcmncc 365 I liquidated afrer the Gnntcd 30 d.yr deyr dryt yor cur-off dste)

Advrncs for Speiel Purpora

I . lrcrl Tnvcl

AGUSTIN- RABAC,O, FAIRY SEE liquidated Janury 29-Nov variou travels 5,690.40 5,690.40 FAITH B.(r48.001- AI'TACHED SL 17.2017 oot -0ol09r )

Gant ofcash AdvMe ro BERNARDO D DELIMA,.,R for lmvel lo submit DELIMA, a rcnsolidated clarifiotory letter to the JEV-2016.12. BERNARDO liquidaEd .lanwry I 3-D€ Dep.nncnt ofBudgct and Mamgcment 011095 ck#3715 t,E45.00 |,845.00 D.(r4E4Or-mt. 01, 7 (DBM) CqtEI Oflicc in Manila on LBP 20r 00r r68) D@mber I l -14, 201 6 inclusive of tavel dates.

RAfALES, REINARIO JR SEE liquidated Janury varioN tmv€ls 7,800.00 7,800.00 L( I 48-00t -0ot ATTACTIED SL t2,2017 001409)

GBnt ofcash Advu@ to BABY LUCILA JEV-2016-l 2- RAQUEL, BABY C. RAQUEL for tnvel to Agusn del Sur to 012975 liquidarcd Janury LUCTLA C.(t 48- 6-De 5,!Xt.00 5,961.00 stlod the MAWD 4th Quarter meetinS on ck#5t 206326 7,2017 )0t -001 {00430) November l0 to Dember 2, 2016. DBP

2. Forcign Tnvcl

3, Sp.cirl Activitict/ Prejdt!

Gnnt of Csh Adwe ro ERLINDO {LVARADO. tEv-2016-1 2- ALVARADO for the implemqlrtion of liquidated January ERLTNDO B.(r 4E- l2-Ds ]]1025 Ck#3547 779.N 1',|9.N nrious DCWD mtmhcd rchabilitsrion 6. 20t 6 )01-0o8400497) LBP projcs for the pcriod D@mb€r l-11,2016.

Davao City Wdter District, Davao City Page 70 NOTES TO FINANCIAL STATEMENTS

Amount Rcmerls Duc

Tolrl (shrc datc of Amounl liquidation and 6l- Ovcr r6on *,lly if Drtc CA Lcg then 3l{() Ntma PrlticuhB Rcfcrcncc J65 I liquidated after the Gnra.d 30 dryr deyr deyr yer orolI date)

JEV"20l6-12- JAYlIE, NARISA Gmnt ofcash Advil@ to NARISA A. 031428 liquidated Janury A.( I 48{0t -008- 2t-D@ JAYME for thc pretest fee for the verified 281.00 2Et.00 ck#s I 206699 6,2017 001245) prot6l filed before the NWRB. DBP ill JEV-2016-l 2. SERCIO, JASMIN Grant ofCash Advue to TASMIN C. 031)92 liquidated January c.( I 4840t -008" 20-Ds 23r.t5 215.15 SERGIO for purchue ofsupplie for ECD. ckfsl 206417 t6,2017 000206) DBP llt

Gmnt ofCash Advue to SHERWIN S. SOLAMO. JEV-201 6-t 2- SOLAMO for LTO registration and emission liquidated Janusry SHERMN S (r4E- 2l -Ds 03t196 ckf3757 10.52t 58 10,s21.58 :qt ofall vehrcle and molorcycles 6drng in t2,mt7 0ot -0o8{00662) LBP ,ne (l ).

IOTAL 33,1 13.13 llr

6.2 Other Receivables

This account can be broken down as follows:

2016 2015 Other Receivables 4 2,210 ,788.79

7. Inventories

This account consists of the following:

2016 2015 Materials 37,715,472.88 31,969,262.25 Supplies 119,687,105.08 129,481,318.73 Total 157,402,577.96 161,450,580.98

The District does not account for the water stored in its reservoirs, pipelines, and other water facilities as of December 31 ,2016,

Davao City Water District, Davao City Page 7l NOTES TO FINANCIAL STATEMENTS

7.1 Materials

This account can be broken down as follows:

2016 2015 Work-ln-Process 37 ,71 72.88 31 Total

7.2 Supplies

This account can be broken down as follows:

2016 20t5 Offi ce Supplies Inventory 2,083,646.27 2,802,799.49 Other Supplies Inventory 981,386.07 849,929.12 Spare Parts Inventory 3,114,921.49 3,175,611.40 Construction Materials 1 151.25 I 8.73 Total I

Construction Materials and Supplies include the cost of materials and supplies on hand, purchased primarily for use in the construction of the physical facilities.

7.2.1 Other Supplies Inventory

2016 2015 Meters 981,386.07 849,829.12 Total 981,386.07 849,829.12

8. Prepayments

This account consists of the following:

2016 2015 Prepaid Insurance 1,754,224.95 1,749,726.76 Advances to Contractors 728,887.50 728,887.50 Deferred Charges 27,323,230.64 26,757,788.87 Other .70 5.97 Total 29,860,400.79 32,189,379.10

Davao City Water District, Davao City Page72 NOTES TO FINANCIAL STATEMENTS

9. Investments

This account consists of the following:

2016 2015 S Fund 729 l5 I l3 Total I l3

Sinking fund pertains to DCWD/LWUA Joint Account deposited under Land Bank of the Philippines.

10. Property, Plant and Equipment

This account consists of the following:

Transfer/ 20t5 Additions Adjustments 2016 Capitalization Cost Land and Land t't6,112,972.34 8,420,884.42 0.00 412,410.33 t25,546,267.09 Improvements Buildings 2,392,663,187.29 270,989,621.23 (453, r r4.80) 11,434,649.63 2,734,63434335 Leasehold 867,542.16 0.00 0.00 0.00 867,542,16 Improvements Office Equipment, Fumiture and 153,165,721.64 20,305,310.38 ( l,001,012.44) 0.00 172,470,019.58 Fixtures Machineries and lL9,704,089.24 24,276,549.42 ( 1, r 65,568.20) (2,832,744.47) 139,982,325.99 Equipment Transportation t 58,852.280. I 7 804,422.00 (24,000.00) (6,187,2t9.34) t53,445,482.83 Equipment Total 2,941,96s,792.84 324,796,7 87.45 (2,643,695.44\ 62,827,096.15 3J26,945,9E1.00

Accumulated Depreciation Land Improvements 970,278.70 t,369,357.06 0.00 t2,703.22 2Js2J38.e8 Buildings 1,378,686,357.80 132,520,920.79 (375,200.22) 275,323.10 l,5l1,107,401.47 Leasehold 5 17,904.16 0.00 0.00 0.00 517,904.16 Improvements Office Equipment, 108,687,058.79 11,041,072.31 (984,434.49) 0.00 118,743,696.61 Furniture and Fixtures Machineries and 90,666,798.12 12,069,355.44 ( r,03 r,23 r.9 r) (2,832,739.47) 98,872,182.18 Equipment Transportation 93,910,368.66 13,116,371.92 (1,800.05) (6,r28,060.63) 100,896,879.90 Equipment Other Property, Plant and 0.00 0.00 0_00 0.00 0.00 Equipment Total 766.23 170,lr7,077 .s2 (2,392,666.67) (8,6 773.78',t 1.832.490.40330 Net Book Value ,026.6t 154,679,709.93 (251,028.71) 7l 93 1,494,455,577.70

Davao City Water District, Davao City Page73 NOTES TO F'INANCIAL STATEMENTS

Property, Plant and Equipment consists of land and land improvements, buildings and facilities and equipment. Fxcept for land, the District's property, plant and equipment are stated at cost less accumulated depreciation and amortiiation *d i.puirmeni in value, if any. Land is stated at cost less any impairment in value.

The initial cost of property and equipment consists of its purchase price, including import duties, taxes and any directly attributable costs of bringing the asset to its irorftng condition and location for its intended use. Expenditures incurred after the assets have been put into operation such as repairs and maintenance have resulted in an increase in the future economic benefits expected to be obtained from the use of an item of property, plant and equipment beyond its original assessed standard of performance, the expenditures are capitalized as an additional cost of the property, plant and equipment. When assets are sold and retired, their cost and accumuiatiA depreciation and amortization are eliminated from accounts and any gain or loss resulting from their disposal is included in the statement of income and expenses.

The District depreciates the property, plant and equipment using the straight line depreciation. A residual equivalent to ten percent (10%) of the acquiiition cost/appraisal value shall be deducted before dividing the same by the estimated useful life.

The estimated useful life is based on the LWUA's Commercial Practices Manual. Fully depreciated assets are retained in the accounts until they are no longer in use and no further charge for depreciation is made in respect of those assets.

10.1 Land and Land Improvements

This account can be broken down as follows:

Transfers / 20ls Additions Adjustments capitalizati 2016 on Cost Land 103,805,397.17 2,700,000.00 0.00 25,000.00 106,530J97.17 Land t2,907,575.t7 5,720,884.42 Improvements 0.00 387,410.33 I9,015.869.92

Total lr6,7t2,972.34 8,420,8&4.42 0.00 412,410.33 125,5462,67.09

Accumulated Depreciation Land 970,278.70 1,369,357.06 Improvements 0.00 12,703.22 2J52,338.98

Total 970,278.70 t,369,357 06 0.00 r 703.22 Net Book Value I I 5 ,'7 42 ,693 .64 7 ,05t ,s27 .36 0.00 ll

Land includes the cost of land and land rights such as leaseholds and rights of way used in the Water District's operations.

Davao City Water District, Davao City Page74 NOTES TO FINANCIAL STATEMENTS

Land Improvements includes the cost of structures (buildings, facilities and fixtures) and various improvements (fences, roadways, landscaping, etc.i used in connection with the water source not included in the other accounts piovided for under the source of supply plant heading.

Land account can be broken down as follows:

TCT Ref. No. Location Area Cost Value RROW 1 Antonio 885 sq.m Delica Maa Tunnel 8.850.00 RROW 2 970 sq.m Tunnel 30.984.s3 RROW 3 Delica 1,653 sq.m. -lqse Maa Tunnel 16,530.00 TCT-115203 10,000 sq.m. Bugac, Maa, Davao Citv 170,550.12 Dumoy, Toril, PW#12 Dumoy, Davao TCT-123263 100 sq.m. 8,000.00 Catotal Subd. Puan, PW#16 Dumoy, TCT-131112 17 sq.m. Davao Qity 22,590.00 Gallera de Oro,Toril, PW#17 Dumoy, TCT-131r13 234 sq.m. Davao City 30,000.00 Shrine Hills, Matina, RC Reservoir, TCT-131117 1,503 sq.m. Davao City 77,190.L2

TCf-131447 705 sq.m Panacan, Reservoir, Davao Citv 80.9s0.13 Callawa-Mandug Road, Brgy, TCT-r37591 97,833 sq.m. Mandug, Davao CiW 4,525,000.00 Mahayahay, Tugbok, PW#l & TCT-138877 2,500 sq.m. Reservoir 1 & 2, Davao CiW 37,050.12 Shrine Hills, Matina, RROw to Shrine TCT-143166 335 sq.m. Reservoir 1, Davao City 13,392.00 Bago Oshiro, PW#34 Dumoy, Davao TCT-146-2010005088 100 sq.m. City 50,000.00 Sitio Basak, Mintal, PW#5 Tugbo& TCT-146-2010009245 150 sq.m. Davao City 165,000.00 Malagamot, Panacan, PW#3 TCT-146-201 1002940 100 sq.m Malagamot, Davao City 68,500.00 Lubogan, Toril, PW#2 Toril, Davao TCT-146-201 1005101 100 sq.m. City 129,000.00 Bago Gallera, Toril for the proposed TCT-146-2011008075 200 sq.m. Tugbok PW#7, Davao Oty 201,884.53 Communal, Buhangin, PW#1 TCT-146-2012000062 146 sq.m. Commqnal Cabantian, Davao City 110,975.78 TCT-146-2013008283 1,300 sq.m Brgy. Baqo Oshiro, Davao City 1,314.800.00 1890-J-12 Brgy. Catalunan Pequefio, TCT-146-2013008868 797 sq.m. Talomo, PW# 38, Davao Oty 1,409,250.00 Lot792-D, Purok 4, Nalum, Baliok, TCT-146-2014000448 300 sq.m. PW#40 Dumoy, Davao City 328,000.00 Domingo Barquin, Malagamot TCT-146-201400071s 77 sq.m. Panacan, PW#2, Davao City 13,000.00 Communal Road, Purok 1, Brgy, TCT-146-201400s383 222 sq.m. Communal, Davao City 678,000.00

Davao City Water District, Davao City Page 75 NOTES TO F'INANCIAL STATEMENTS

TCT Ref. No. Location Area Cost Value TCT-146-2015002127 fibungco (Now Brgy. Acacia), Davao 2,100 sq.m. ciw 2,117,500.00 TCT-146-2015002921 Davao-Bukidnon Road, Barangay 4,512 sq.m. Lacson, Glinan District, Davao City 4,317,M0,97 Biao Joaquin-Talandang Road, Brgy TCT-146-2015005151 17,511 sq.m. Biao 3,500,000.00 -146-20t500u22 Junction Malagamot Road, Brgy. TCf 2,089 sq.m. Davao 7,327,500.00 Barrio Guianga (New Loon, Brgy. TCT-146-2015006708 1,000 sq.m. Tugbok Proper), Davao City 950,000,00 Lot 17, Blk. 2, DDF Village Mandug, TCr-1,16-2015012304 135 sq.m. Buhanqin, Davao Gty 222,750.00 Mahayahay Road, Brgy. Tugbo( TCr-146-2016002474 2,000 sq.m. Davao City 3,039,000.00 Lot 750-8 Barrio Biao, Guianga, TCr-146-2016006808 1,000 sq.m. Tuqbok, DavaQ City 1,000,000.00 fibungco for the Proposed Reservoir TCT-146-2016010456 (Bunawan-Lasang Reservoir Project), 2,500 sq.m. 1,513,894.53 Davao. City Los Amigos, Tugbok District, Davao TCT-146-2016011390 100 sq.m. City 93,374.53 TCT-148255 300 sq.m. Brgy. Matina, Davao City 300,000.00 Malagamot Panacan, PW#1 TCT-148689 300 sq.m. $alagamot Davao City 3,000.00 Lower Rapnaga, Puan, AA/#6, TCT-148885 100 sq.m. Dumoy, Davao City 11,605.56 JP Laurel Ave., Bajada, DCWD office, TCT-149430 5,088 sq.m. Davao City 2,806,937.25 Reldo Subd., Bago Gallera, P1A/#19 TC-t-150722 93 sq.m. Dumoy, Davao CiW 9,300.00 Greenland Subd., Dumoy, PW#30 TC't-152791 100 sq.m. Dumoy, Davao City 7,000.00 Bago Gallera, Toril, PW#18 Dumoy, TCT-152857 100 sq.m Davao City 11,190.00 Farland Village, Dacoville, Toril, TCT-152915 158 sq.m. PW#25 Dumov. Davao Citv 15,800.00 Virgo St., GSIS Subdivision, Matina, TCT-153725 Steel Reservoir No. 1 2 Booster 424 sq.m. with 652,960.00 Pumpt Davao City Pluto St., GSIS Subdivision, Matina, TC'l-153727 Steel Reservior 324 sq.m. No. 2 with 2 Booster 498,960.00 Pumps, Davao Ctv No. 14, Galaxy St., GSIS Matina, TCI-153729 Unutilized Production Well, Davao 16 sq.m, 22,400.00 ciw Corner Virgo/Earth St., GSIS Matina, TCT-153730 Unutilized Production Well, Davao 16 sq.m 24,640.00 City Lubogan, Toril, RC TCT-1s4306 Reservoir, Davao 690 sq.m. Citv 34,500.00 Dacoville Subdivision, Toril, TCT-157848 Dacoville 522 sq.m. Pumoinq Station, Davao City 4,190.00 Lower Rapnaga, Puan, Pl,il/#2o TCT-157934 100 sq.m. Dumoy, Davao City 7,500.00

Davao City Water District, Davao City Page76 NOTES TO FINANCIAL STATEMENTS

TCT Ref. No. Location Area Cost Value Bago Gallera, Toril, PW#21 Dumoy, TCT-157935 100 sq.m. 7,500.00 Right side going to Talomo Sump, TCT-164006 236 sq.m Davao City %,400.00 Bago Gallera, Toril, PW#29 Dumoy, TCT-164980 100 sq.m. Davao City 15,000.00 Bago Gallera, Toril, PW#28 Dumoy, TCT-166002 100 sq.m. Davao City 12,000.00 Mahayahay, Tugbok, PW#2 Tugbok, TCT-170345 100 sq.m. Davao City 5,000.00 Catotal Subdivision, Dumoy, P{dV#8 TC-l-174716 100 sq.m. Dumoy, Davao City 3,000.00 Farland Village, Toril, PW#25 Dumoy, TCT-257355 60 sq.m. (BROW), Davao City 42,932.00 Mahayahay, Tugbok PW#3 Tugbok, TCT-313637 100 sq.m. Davao City 10,000.00 Riverside Calinan, PW#l Calinan, TCT-313639 100 sq.m. Davao City 50,000.00 Cabantian Buhangin, PW#1 TCT-344896 110 sq,m. Cabantian, Davao City 66,000.00

TCT-369689 Bangkas Heights, RC 763 sq.m. Toril, Ground 253,520.40 Reservoir PW#2 Batulosa, Davao City PENPRO (Magnolia) Matina, Davao TCI-369772 1,166 sq.m. City 5,949,198.36 PENPRO (Magnolia) Matina, TCT-369773 Davao 6,000 sq.m. City 30,453,652.07 PENPRO (Magnolia) Matina, rc-f-369774 Davao 737 sq.m City 3,726,614.46 PENPRO (Magnolia) Matina, TCT-369775 Davao 1,505 sq.m. ciw 7,635,085.61 Milagros R. Bermejo located at TCT-369890 Panacan, Ground 500 sq.m. Reservoir 2, Davao 1,469,867.s0 City

TCT-371169 Bo. Cabantian, Buhangin, Reservoir, 2,277 q.m. Davao City 229,@4.84 Bo. Cabantian, Bihangin, Reservoir, TCT-371170 2,064 sq.m. Davao CiW 208,232.16 Baliok, TorilPW#32 Dumoy, Davao TCT-395458 100 sq.m. City 65,000.00 New Loon, Mintal, PW#4 Tugbok, TCT-395460 100 sq.m, Davao City 60,000.00

TCT-395462 Quarry Tugbok, PW#5 Tugbok, 100 sq.m. Davao Citv 60,000.00 Lot 18, Blk. 2, DDF Village Mandug, TCT-399636 168 sq. m. Buhanqin Davao Citv 277,200.00 Lot Blk. 2, DDF Village Mandug, TCT-399539 20, 154 sq.m. Buhanqin Davao City 254,100.00 Nalum, Baliok, TCf425229 PW#35 Dumoy, 100 sq.m. Davao City 50,000.00 Bago rc-f-427624 Gallera, Toril, PW#31 Dumoy, 100 sq.m. Davao City 50,000.00 Wangan Calinan, PW#2 Calinan, TCT-431325 100 sq.m. Davao City 60,000.00

Davao City Water District, Davao City Page77 NOTES TO FINANCIAL STATEMENTS

TCT Ref, No. Location Area Cost Value Baliok, Gallera, Toril, PW#36 Dumoy, TCT-432954 110 sq.m. Davao City 66,000.00 Libby Road Eago Gallera, PW#33 TCT-433598 100 sq.m. Dumoy, Davao City 60,000.00 Libby Road, Bago Gallera, PW#24 TC-l-457472 100 sq.m. Dumoy, Davao City 11,190.00 Talomo Sump, Bangkal, PW#1 Sump TCT-51567 10,486 sq.m. 1 & 2, Davao City 290,140.60 Bago Dumoy, Toril, PW#10 Dumoy, TCT-61780 100 sq.m. Davao City 3,000.00 Bago Gallera, TorilPW#9 Dumoy, TCT-85723 43 sq.m. Davao City 1,000.00 Skyline Subd., Catalunan Grande, TCT-90515 Unused Open Reservoir (catch 1,116 sq.m. ,146,400.00 basin), Davao OV

NAWASA Skyline SuM., C.atalunan TCT-90516 Grande Unuses Open Reservoir 2L,477 q.m. 8,566,900.00 (catch basin), Davao City NAWASA Skyline Subd., Catalunan TCT-90517 Grande Unused Open Reservoir 6,132 sq.m. 2,452,800.00 (catch basin), Davao City NAWASA Skyline Subd., Catalunan TCT-90520 Grande Unused Open Reservoir 2,533 sq.m. 1,194,950.00 (catch basin), Davao CiW Panorama, Buhangin, Panorama TCT-99933 26,466 sq.m, Reservoir 1 & 2. Davao Citv 851,790.00 Road Bago Gallera PW#27, Davao untitled 10 100 sq.m. City 10,190.00 Pastor Lim and Rafael Lim P\l/#3, untitled 17 100 sq.m. Davao City 10,000.00 Brgy. Indangan, Buhangin District, - untitled 2 Davao City: Panacan PW# 6 300 600 sq.m. sq.m,, Indangan PW# 3 - 300 sq.m., 900,000.00 Davao City Indangan, Malagamot untiUed 20 Onofre Balaga 130 sq.m. Sr., Davao City 12,990.00 Brgy. Bato, Toril District, Davao City untitled 3 for the proposed Toril PW#3, Davao 1,800 sq.m 1,800,000.00 City Miguel Iffigo Bago Gallera, PW#13 untitled 4 100 sq.m. Dumoy, Davao CiW 11,500.00 Miguel Ifiigo Bago Gallera, PW#15 untitled 5 200 sq, m. Dumoy, Davao City 28,000.00 Braulio Baliok, untitled 9 Lim, Toril, AN#26, 100 sq.m. Davao City 9,000.00 Benedictine Eucharistic King Ulas, untitled09 100 sq.m. PW#2 Dumoy, Davao City s00.00 Residential Puan, Davao untitled29 SuM., Ulaq 100 sq. m. Citv (DENR-ROXD n /#4 385,729.00 Davao Molave Homes Subd., Brgy. untitled3 250 sq.m Indangan, Davao CiW 20,000.00 Lot 7-F, Talomo, Brgy. Baliok, untitled3l Davao 300 sq.m City 315,000.00

Total 106,530,397.17

Davao City Water District, Davao City Page 78 NOTES TO F'INANCIAL STATEMENTS

The management will immediately conduct appraisal of all its property, plant and equipment by hiring an independent and qualified appraiser or expert ai required under PAS 16 and COA Resolution No. 89-17.

10.2 Buildings

This account can be broken down as follows:

2015 Additions Transfers / canitrlization 2016 Cost (UPIS) Plant 2,319,288.s9t .34 26t,432,021.38 (2ss,98s.40) 71,434,649.63 2,651,929276.95 Office Buildings 73,121,690.10 9,557,599.85 (227,t29.40) 0.00 82,652,160.55 Other Structures 52,905.85 0.00 0.00 0.00 52,905.8s Total 2,39?,663,187.29 270,989,621 23 I 14.80) 7t,434,649.63

Accumulated Depreciation Plant (UPIS) 1.347 130,329J04.41 .498.759.73 (148,07I 82) 275,323.t0 1,477 ,955,315.42 Office Buildings 3 r ,170.933.3 I 2,t88,442.t4 (227,t28.40) 0.00 33,132247.05 Other Shuctures t6,664 76 3,t74.24 0.00 0.00 19939.00 Total .80 79 2',1s,323.10 I

Utility Plant and Service includes properties of relatively permanent character that are used in normal utility operations.

Buildings are permanent or temporary structure owned by the District to be used for more than one year. These consist ofoffice buildings and other structures.

10.2.1PIant

This account can be broken down as follows:

Transfers / 2015 Additions Adjustments 2016

Cost Collecting and Impounding 123,803,629.66 14,882,447.87 0.00 0.00 138,686,077.53 Reservoirs Springs and Tunnels 22,507 ,716.1'7 0.00 0.00 0.00 22,507,716.17 Wells 229.640.s03.30 11,282,686.63 0.00 0.00 242923,189.93 Supply Mains 13,79t,931 .49 0.00 000 0.00 13,791,931.49 Other Source ofSupply Plant 49,857,219.12 3,723,422.08 28,987.50 t,369,t42.23 54,978,770.93 Other Pumping Plant 292,20s,383.s8 29,637,806.8s 0.00 48,6s8.02 32r,8911848.55 Reservoirs and Tanks 30,843,237.49 23,692,784.91 0.00 973,t60.33 55509,1E2.73 Transmission and 912,549,749.03 t68,447,597.74 ( 101,3s7.40) 9,293,442.s3 Distribution Mains 1,090,189131.90 Services 54,899,23 L9l 0.00 0.00 0.00 54,899,231.91 Meters 589,040,01 I .68 7,765,275.30 ( 153,615.50) 59,750,246.52 656,401,917.90 149. .91 0.00 0.00 .14 261 1.38

Davao City Water District, Davao City Page79 NOTES TO FINANCIAL STATEMENTS

Transfers 2015 Additions Adjustmcnts / capitalization 2016 Accumulated Depreciation Collecting and Impounding 69,429,209.93 Reservoirs 5,407,884.25 0.00 34,228.55 74,871322.73 Springs and Tunnels 14,983,s13.74 0.00 0.00 0.00 14,98351I.74 Wells 134,589,171 .99 7,249,990.38 0.00 0.00 141,839,162.37 Supply Mains 3,344,162,66 0.00 0.00 0.00 3344,162.66 Other Source ofSupply Plant 39,027,568.73 4,5t',l,368.34 l 1,957.33 0.00 43556,894.40 Other Pumping Plant 1 63,081 ,1 89.98 18,t42,436.89 0.00 7,298.72 l8l23oB2s.s9 Reservoirs and Tanks I 5,078,1 73.5 I 2,2t6,335.t3 0.00 t9463.20 t73tt97t.u Transmission and 456,237,999.51 4t,307,281.75 (6,413.6s) Distribution Mains 2t4,332.63 497,753200.24 Services 52,987,250.37 0.00 0.00 0.00 52,987250.37 Meters 398,590,525.40 5 t ,488,007.67 ( r 53,615.50) 0,00 449924917.57 0.00 0.00 0.00 Total 73 I r fl4t l0 )7 (7

Collecting and Impounding Reservoirs include the cost of structures and improvements for impounding, collecting and storing water.

Springs and Tunnels pertain to the amount spent in connection with the development and use of springs as sources of water supply including the construction of all necessary appurtenances.

Wells pertain to the cost involved in digging wells used as sources of water supply.

Supply Mains include the installed cost of supply mains, pipes, aqueducts, canals and other accessories.

Other Source of Supply Plant pertains to the installed cost of supply plant not classified under the other accounts.

Reservoirs and Tanks include reservoirs, standpipes, tanks, and other equipment used in storing water for distribution.

Transmission and Distribution Mains include the cost of transmission and distribution mains and appurtenances.

Services include the installed cost of service pipes and accessories leading to customers' premises.

Meters include the cost of meters whether actually in use or held in reserve.

Hydrants include the installed cost of the hydrants in service owned by the water district.

Davao City Water District, Davao City Page 80 NOTES TO FINANCIAL STATEMENTS

10.2.2 Other Structu res

This account can be broken down as follows:

2015 Additions Adjustments 2016 Cost Administrative Structures 52,905.85 and 0.00 0.00 0.00 52,905.85 Total 52,905.85 0.00 0.00 0.00 s2,905.85

Accumulated Depreciation Administrative Structures 16,664.76 3,t74.24 and 0.00 0.00 r 9,839.00

Administrative Structures and Improvements include the cost of water systems (e.g. construction of repeater house) and various improvements (fences, roadway-s, landscaping, etc.) used in connection with the water source not included in the other accounts provided for under the source ofsupply plant heading.

10.3 Leasehold Improvements

This account can be broken down as follows:

Transfers 20f 5 Additions Adjustments / capitalization 2016 Cost Leasehold Improvements, 000 0.00 0.00 867,542.t6 867,542.16 Total 000 0.00 0.00 867,542.16

Accumulated Depreciation Leasehold Improvements, 517,90,4.t6 0.00 0.00 0.00 517,904.16

0.00

Leasehold lmprovements include the cost of the modification in the structure or environment of the building which changes its functions, increases its value or extends its useful life.

Davao City Water District, Davao City Page 81 NOTES TO FINAI\CIAL STATEMENTS

10.4 Office Equipment, Furniture and Fixtures

This account can be broken down as follows:

2015 Additions Adjustments 2016 Cost Office Equipment 24,006,148.62 2,s00,772.86 (382,678.00) 0.00 26,124243.48 Fumiture and Fixtures 8,000,237.3s 1,639,758.00 (65,s 13.00) 0.00 9,574,482,35 IT Equipment and Software I 20,8 I 7,8 I 3.87 t6,t64,'t79 52 (ss2,82t.44\ 0.00 t35,429,771.95 Books 34 r.80 000 0.00 0.00 341 Total l0 0.00 9.s8

Accumulated Depreciation Office Equipment t9,749,786.71 2,069,461.17 (382,457.56) 000 21,436,790.32 Fumiture and Fixtures 6,902,040.39 437,233.87 (65,04s.08) 0.00 7,274229.t8 IT Equipment and Software 8l,766,050.3 r 8.476.731.9t (s36,93 1.85) 0.00 89,705185037 Books 38 57 0.00

Net Book Value

Office Equipment and Furniture and Fixture include the cost of office furniture and equipment owned by the Water District and used in providing water service but not permanently attached to the buildings.

10.5 Machineries and Equipment

This account can be broken down as follows

Transfers / 2015 Adjustments 2016 Additions caoitalization Cost Machineries 45,828,61 3.36 13,910,599.40 (94r,388.9s) 0.00 58,797,823.81 Communication t2,139,0t0;12 502,029.00 (20r,910.20) 0.00 12,439,129.52 Equipment Construction and 25,897,020.69 3,000,000.00 0.00 (2,832,744.47') 26,064276.22 Heavy Equipment Firefighting Equipment l 1,905.00 0.00 (4,0s0.00) 0.00 7,8s5.00 and Accessories Medical, Dental and Laboratory I 5, I 76;840.50 3,323,578.66 27,800.00 0.00 18,528,219.16 Equipment Sports Equipment 26;149.90 0.00 0.00 0.00 26,749.90 Technical and Scientific 3,636,786.49 240,178.43 0.00 0.00 3,816,964.92 Equipment Other Machineries and 16,987,162 58 3,300,r 63.93 (46,019.0s) 0.00 20241307.46 Equipment Total fi9,704,08924 24,276,549.42 (1,165,568.20) (2,832,744.4't) 139,982J25.99

Accumulated Depreciation Machineries 34,503,592.24 4,5C0,8't7.44 (854,606.16) 0 00 38,149,863.52

Davao City Water District, Davao City Page 82 NOTES TO FINANCIAL STATEMENTS

Transfers / 2015 Additions Adjustmcnts 2016 capitalization Communication 9,629,437.70 1,3t6,768.82 ( Equipment l 0s,782.59) 0.00 10,840,423.93 Construction and 20,8s9,0 r 0.63 698,785.68 0.00 (2,832,739.47) Heavy Equipment 18,725,056.84 Firefighting Equipment I I,896.00 0.00 (4,047.00) 0,00 and Accessories 7,849.00 Medical, Dental and Laboratory 9,280,0 t 4.89 3,66t,657.77 208.50 0.00 12,941,881.r6 Equipment Sports Equipment 26,747.90 0.00 0.00 0.00 26,747.90 Technical and

Scientific 2,909,06 r . l9 nt,824.64 0.00 0.00 3,020,885.83 Equipment Other Machineries and t3,447,037 .s',t t,71944t .09 (67,004.66) 0.00 15,159,474.00 Equipment 798.t2 Net t2 12,207,t93.98

Machineries include the cost of machines powered by mechanical, chemical, thermal or electrical means and are often motorized such as compressors, concrete mixer concrete cutter, welding machines, etc.

Communications Equipment includes the cost of telephone, telegraph, and other communications equipment used in the Water District's operations.

Construction and Heavy Equipment pertains to power-operated equipment and their tools and accessories used in construction or repair work exclusive of equipment included in other accounts. This account includes only such large units that are generally self- propelled or mounted on movable equipment such as back-filling machines, boring machines, bulldozers, cranes and hoists.

Firefighting Equipment and Accessories include the cost of fire extinguishers.

Medical, Dental and Laboratory Equipment includes the cost of medical, dental and laboratory equipment used for general laboratory purposes and not classified under any other functional plant account.

10.5.1 Other Machineries and Equipment

This account can be broken down as follows:

Transfers / 20r5 Adjustments 2016 Additions capitalization Cost Tools, Shop and 16,987,162.58 3,300,163.93 (46,019.05) 0.00 20241307.46 Garage Equipment

Davao City Water District, Davao City Page 83 NOTES TO FINANCIAL STATEMENTS

2015 Additions Adjustments I capitalization 2016 Total 16,987,162.s8 3,300,163.93 (46,019.05) 0.00 20,241307.46

Accumulated Depreciation Tools, Shop and 13,447,037 .57 I,779,44t (67 Garage Equipment .09 ,004 66) 0.00 t 5,159,474.00

Total 13,447,037.57 t,779,44t.09 (67,N4.66) 0.00 15,159,474.00 Net Book Value 3,540,125.01 t,520,'122.84 20,985.61 000 5,081,833.46

Other Machineries and Equipment include the cost of tools, implements and equipment used in the construction, repair work, general shops, and garages not included in the other accounts such as repair shop equipment, mixers, forges, furnaces, gasoline pumps and tanks, ladders, machine tools, motors, and other similar equipment.

10.6 Transportation Equipment

This account can be broken down as follows:

Transfers / 20r5 Additions Adjustments 2016 capitalization Cost Motor Vehicles I 58,838,280 r 7 774,422 00 (24,000 00) (6,187,219.34) 153,401,482.83 Other Transportation 1 4.000 00 30,000.00 0.00 0.00 44,000.00 Equipment Total r s8,8s2,280. l 7 804,422.00 (24,000,.00) (6,187 ,2t9.34) 153,44s,482.83

Accumulated Depreciation Motor Vehicles 93,897,768.66 t3,n5,246.92 ( 1,800.05) (6,128,060.63) 100,883,154.90 Other Transportation 12,600.00 l,12s.00 0.00 0.00 13,725.00 Equipment Total 93,910,368.66 13,16,371.92 100,896,879.90 Net Book Value I .51

Transportation Equipment includes the cost of transportation vehicles.

11. Construction in Progress

This account consists of the following:

2016 2015 Assets 149.13 932,570,518.02 18.02

This account refers to the agency's assets which are still under construction of various infrastructure projects and water supply system.

Davao City Water District, Davao City Page 84 NOTES TO FINANCIAL STATEMENTS

PROJECT PROJECT

Rehabilitation of Water Supply BY DAVAO CITY System at Upper and Lower WATER DISTRICT 1,908,392 00 l ,6 1s,s00.83 4t% Marahan ADMIN Pipeline Imprv't along JP Laurel J.H. PATAWARAN Avenue from Junction Mamay CONSTRUCTION t32,000,000.00 Road to Junction Bacaca Road 56,291 ,l 89.s5 43% COMPANY and along Cabaguio Avenue Pipeline Improvement from Cabantian Reservoir No. I to TGV BUILDERS INC. 30,636,093.73 20,201,389.01 66% comer Suraya Homes Pipeline Improv't from Junction of Malagamot & Communal TGV BUILDERS INC 61,962,284.41 Roads to DPWH Panacan Depot 8,101,2s4.30 t3% along Davao - Asusan Road Pipeline Improvement Traversing Davao - Agusan TGV BUILDERS INC 32,s08,793.23 1 Road from Crossing Eliong to I 7,386,8 L48 s3% Buhisan Const'n of 3 units 500 cu.m. HG-III CONSTRUCTION Mandug Steel Reservoir Nos. 2, & DEVELOPMENT 99.9 r 7,887.96 I1,694,821 3,4 & Trans. Line to Mandug 65 t4% CORP. Reservoir # I Pipeline Imprv't along Quimpo M.E. SICAT Blvrd fiom Junction Mc Arthur CONSTRUCTION, INC. / 133,886,05r 14 18,250,358.00 t4% Highway & Quimpo Blvrd to ALGON ENGINEERING comer San Pedro CONST, CORP. - JOINT Pipeline Improvement from HG.III CONSTRUCTION Mahayahay RCGR to Mintal & DEVELOPMENT I 07,578,809 88 35,'1M,36t 09 33% Poblacion to Bago Oshiro CORP. Pipeline Improvement along TGV BUILDERS INC. / Libby Road and Construction of QUADCORE CONST. & Facilities for Dumoy PW No. 40 84,930,922.87 26,752,790.78 3t% DEVELOPMENT CORP. and its Trans. Line going to . JOINT VENTURE Tuebok RCGRNo. 3 HG-III CONSTRUCTION Construction ofTugbok & DEVELOPMENT 26,855,340.88 I,369.05 OYo Reservoir No. 5 CORP, Pipeline lmprovement from J.H. PATAWARAN Circumferential Road to Mabini CONSTRUCTION 127,232,W.00 103,025,201. l8 SlYo St. down to Bankerohan Bridge COMPANY under TSWD Part B Pipeline Improvement at Northern Part of Dumoy WSS M.E. SICAT (Buhangin to Panacan Reservoir 155,422,095.42 t06,258,374.7t 68% CONSTRUCTION, tNC, and Mamay Road to Davao- Agusan Road) Pipeline Improvement Traversing Davao-Agusan Road from comer JP Laurel Avenue & HG.III CONSTRUCTION R. Castillo St to DPWH Depot & DEVELOPMENT t92,977,788.47 120,4t6,221.58 62% to Pancan Reservoir along C.P. CORP. Garcia Highway - under TSWDP Part B Pipelaying of l,000mm Steel J.H, PATAWARAN Pipe (il epoxy lined-coaltar CONSTRUCTION 101,8s4,000.00 10t,430,784 22 l00% enamel coated) Distribution Line COMPANY alons Bacaca Road Trans./ Dist. Line from BY DAVAO CITY Panorama Reservoir to Buhangin WATER DISTRICT 52,000,000.00 46,597,318.71 90% Junction Ph 3 ADMIN

Davao City Water District, Davao City Page 85 NOTES TO FINANCIAL STATEMENTS

PRO.II'CT PROJECT I rotal cosr , o/o oI COST l_ fnnnlar3a- Temporary By-pass BY DAVAO CITY Transmission / Dist. Line at WATER DISTRICT 7,800,000 00 3,215,258.00 4t% Gov. Generoso Bridge I ADMIN Const'n of l000mm RD POLICARPIO & CO., Pipe Bridge Crossing Between INC. / ALLADO CONST, I t5,242,431.60 Governor Generoso Bridge I & CO., INC /TGV 102,727,t4t .90 89% ') BUILDERS INC. Retrieval of600mm CCI and BY DAVAO CITY 750mm MLCSP Pipes at WATER DISTRICT 1,200,000.00 408,278 93 34% Bankerohar'! Bridge ADMIN Construction and Pipelaying of Trans. Line for TGV BUILDERS INC. 28,503, I 82.23 23,516,273.65 83% 38 Install'n of Two (2) 25HP Booster Pump Fac. at Panorama TGV BUILDERS INC. 6,1 50,749. 1 I s,463,485.97 89o/o Reservoir Complex ROYAL SUMMIT Reconstruction of Dumoy PW # INFINITY l4 Facilities t,692,832.35 662,278.41 39% DEVELOPMENT CORP ROYAL SUMMIT Reconstruction of Dumoy PW # INFINITY l0 Facilities 1,490,406. I I 777.68t .t5 52% DEVELOPMENT CORP ROYAL SUMMIT Reconstruction of Dumoy PW # INFINITY 7 Facilities 3,387,049.99 r,565,400.93 46% DEVELOPMENT CORP ROYAL SUMMIT Reconstruction of Dumoy PW # INFINITY I I Facilities 3,481 ,406.96 I,756,099.9s s0% DEVELOPMENT CORP Construction of Facilities for Dumoy PW # 39 and Pipelaying TCV BUILDERS INC. of Transmission Line for Dumoy 30,222,028.56 t8,271,473.03 60% WSS Line Riverside WSS Expansion Projects (Trans. / Dist. Line, HG.III CONSTRUCTION Perimeter Fence, Guardhouse, & DEVELOPMENT 23,698.t2 23,698.t2 t00% Drainage System & (2) 680 CORP, cu.m. RCC Ground Reservoir) BY DAVAO CI-IY Water Supply System at Biao WATER DISTRICT I,869,000.00 t Guianga, Tugbok District ,337 ,'153.70 72% ADMIN Pipeline Improvement from BILREY Tierra Nueva Subdivision to 6,929,493.09 4,98 I,873. l0 CONSTRUCTION 72% Purok 4 Exploratory Drilling of One PW (Toril PW # 3) with 200m depth KGD BUILDERS 7,t28.t03.00 5,766,774.83 8l% pilot hole Exploratory Well Drilling of KGD BUILDERS 7,962,8t4.00 't I 5 t% Binusao PW No. I ,348.7 Pipelaying of 250mm MLCSP TACOLOD Dist. Line from Junction of Cat. 16,919,783.38 16,244,0t9 99 ENTERPRISES, INC. 96% Grande Road Installation of 200mm Pressure Regulating Valve & Looping of BY DAVAO CITY Existing l00mm PVC Pipe to WATER DISTRICT t,630,000.00 509,01 8.04 the Newly Installed 250mm 3lo/o ADMIN Steel Pipe along Sitio Felomino Road HG.III CONSTRUCTION Construction of 1500 cu.m. & DEVELOPMENT 12,000,000.00 56,770.56 0% Tugbok RCGR No.3 CORP. Exploratory Drilling of Tugbok MAGHUYOP 7,224,t84.50 1,038,808.84 l4% PW # 9 with 200mm depth pilot CONSTRUCTION

Davao City Water District, Davao City Page 86 NOTES TO FINANCIAL STATEMENTS

hole Design & Construction of Water MULTI.SYSTEM Treatment Plant for Cabantian CONST, & DEVT 3s,920,fi1.23 32,932,445.27 92% PW# I CORPORATION Pipelaying ofTrans. Line & BYDAVAOCIry Drainage System for the I 500 WATERDISTRICT 481y'07.00 216,526.94 cu.m. Glass - Fused to Steel 45% ADMIN Tank WSS at Tibungco Relocation BY DAVAO CITY Phl to Tibungco Friendly WATERDISTRICT 4,594,000.00 3,t'70,377.62 69% H.O.A. (Stage l) ADMIN Construction of Pedestal & BYDAVAOCITY Drainage Line from Panacan PW WATER DISTRICT 950,000.00 678,84s.10 7l% No. 2 ADMIN Construction of Facilities for TGV BUILDERS INC I 0,882,363.65 1,489,414 55 t4% Panacan Production Well No. 2 Design & Construction of J BROS CONST, CORP, / DCWD Mid-Rise Office AIMM BUILDER & 599,696,281 .s0 525,499,477.03 88% Buildins at Matina CONST Ground Assessment & Dev't of Groundwater Model for Davao CEST, INC. 2l ,000,000.00 t8,543470.',t4 88% City Aquifers Construction of PAMD Storage BY DAVAO CITY Building & Fabrication WATER DISTRICT 8 l 5,000 00 5 t ,600.00 6% Workshop ADMIN J & S ESCUADRA Construction of DCWD SM CONSTRUCT]ON & 2,668,522.t2 2,276,667.58 85% l,anang Premier Payment Center SUPPLY Construction of PAMD Storage BYDAVAOCIry Building & Fabrication WATER DISTRICT 2,000,000.00 160,584.00 8% Workshop Phase 2 ADMIN BY DAVAO CITY Construction of DCWD Felcris WATER DISTRICT 1,604,300.00 1,s01,394.90 94% Centrale Payment Center ADMIN Mainline Improvdment at BY DAVAO CITY Malagamot Unified Pioneer WATER DISTRICT 544,000.00 412,621.36 '76% Homeowner Association, Inc. ADMIN Brgy. Panacan BY DAVAO CITY Mainline Improvement at Purok WATER DISTRICT l .4 12.000.00 gss,992.97 6t% Rose Street, Brgy. Ula J ADMIN Mainline Improvement from BY DAVAO CITY Libby Road going to Davao WATER DISTRICT 433,000.00 372,667.57 86% Newtown Relocation (entrance) ADMIN Mainline Extension at Road BY DAVAO CITY going to NS Excellence Building WATER DISTRICT 167,000.00 72,n2.47 43% Phase II Dofra Luisa Subdivision ADMIN Matina Mainline Improvement at Purok BY DAVAO CITY 8-B Muslim Area Brgy. l9-B WATER DISTRICT 255,000.00 I 58,358.56 62% Poblacion ADMIN Mainline Improvement at Agdao BY DAVAO CITY [,andless Residents Association, WATERDISTRICT 295,000.00 147,483.'t5 50% Inc. (ALRAI) ADMIN BY DAVAO CITY Mainline Improvement at Purok WATERDISTRICT 173,000.00 tt6s57.42 67% 5 Upper [,acson, Calinan ADMIN Improvement at Davao Mainline BY DAVAO CITY Employees Medical Center WATER DISTRICT 489,000.00 269245.6t 55% Development Cooperative ADMIN (lnfront of SPMC)

Davao City Water District, Davao City Page 87 NOTES TO FINANCIAL STATEMENTS

PROJECT PROJECT Totrl3ost

Incuricd to ddte Improvement from BYDAVAOCIry Junction Father Selga Street WATER DISTRICT l ,501,000.00 r,099,892.89 73% Towards ADMIN Mainline lmprovement at BY DAVAO CITY Cassandra Crossing to BPI Main WATER DISTRICT 2,186,000.00 1,369,560.78 63% Office, Sitio Basak Mintal and ADMIN Bago Oshiro BY DAVAO CITY Mainline Improvement at Matina WATER DISTRICT 2,180,000.00 I 93 57% Pangi Road ,231,958 ADMIN Mainline Improvement at Kopai BY DAVAO CITY

SuMivision, Brgy. Bankas WATER DISTRICT 4 1 3.000 00 284,086.23 69% Heishts, Toril ADMIN Mainline Improvement at BY DAVAO CITY Leonora Village, Brgy. l9-B, WATER DISTRICT 212,000.00 131,600.06 63% Baiada ADMIN Mainline Improvement at Km. 7 BY DAVAO CITY Gaisano Relocation, Barangay WATER DISTRICT 214,000.00 l40,855 32 66% Matina Pangi ADMIN BY DAVAO CITY Mainline Improvement at Purok WATER DISTRICT 603,000.00 427,998.98 7t% 7, Brgy. Bago Oshiro ADMIN Mainline Improvement at BY DAVAO CITY Bagasa Phase I to Phase IV WATER DISTRICT 1,090,000 00 845,646 66 78o/o Baranqay Bago Gallera, Talomo ADMIN Tapping of Water Distribution BY DAVAO CITY System at Residencia Del Rio WATER DISTRICT 19,312.00 5,202.00 27% Supplying Blocks 2, I 8, I 9 & ADMIN 20. Catalunan BY DAVAO CITY Mainline Improvement at Purok WATER DISTRICT 649,000.00 520,6'n.62 80% Los Amigos l2 Cebohle, Brgy. ADMIN BY DAVAO CITY Mainline Improvement at WATER DISTRICT 346,000.00 220,455.20 640/o Bo. Obrero Tahimik Street ADMIN BY DAVAO CITY Mainline Extension at Purok 2l WATER DISTRICT 109.000.00 227,343.07 74% Manga Compound ADMIN BY DAVAO CITY Mainline lmprovement at Purok WATER DISTRICT 206,000 00 l6l ,440.54 78% Biao Guianga 2, Brgy. ADMIN Tapping ofthree (3) units BY DAVAO CITY l00mm Residential Fire WATER DISTRICT 74,753.00 40,389 94 54% 22-C Hydrants at Barangay ADMIN Boulevard, Davao City Water Distribution Tapping of BY DAVAO CITY System at Hacienda Phase I WATER DISTRICT I 15,963.00 55,588.77 48V. l-12, Blocks Catalunan ADMIN Peoueflo. Davao City Mainline Improvement at St. BY DAVAO CITY Bened ict Heights Homeowners WATER DISTRICT 959,000.00 497,912.65 52% Association ADMIN Mainline Improvement at Don BY DAVAO CITY Julian Rodriguez Street San WATER DISTRICT 195,000.00 l0l ,883.37 52o/o Rafael Subdivision ADMIN BY DAVAO CITY Mainline Improvement at WATER DISTRICT 710,000.00 282,388. I 3 400 Lanzona Village, Brgy. Calinan ADMIN BY DAVAO CITY Mainline Improvement at Sarpha WATER DISTRICT 202,000.00 1 08,084 88 54% Village(Blocks4&7) ADMIN Mainline Improvement at Sitto BY DAVAO CITY 210,000.00 78,7t0.75 37%

Davao City Water District, Davao City Page 88 NOTES TO FINANCIAL STATEMENTS

CONIRACTOR AGENCY COST I Incurred to date Comoletion Coreas Barangay lron Garcia WATER DISTRICT ADMIN Improvement at Mainline BY DAVAO CITY Maligaya Village Homeowners WATER DISTRICT s6l ,000.00 278,224.87 50% Phase 2 Project, Association ADMIN Brgy. Catalunan Pequefr o Mainline Improvement at Purok BY DAVAO CITY 4A and Purok 48, Brgy. Matina WATER DISTRICT 2,669,000.00 I ,471 ,945.52 55% Pangi ADMIN BY DAVAO CITY Mainline Improvemenl at Purok WATER DISTRICT 207,000.00 142,604.07 69% Lubogan, Toril 19, Brgy. ADMIN BY DAVAO CITY Mainline Improvement at Purok WATER DISTRICT 410,000.00 I 8l ,800.45 44% 6 Gawad Kalinga ADMIN BY DAVAO CITY at Purok Mainline Improvement WATER DISTRICT 231,000.00 t44,274.61 62% 5 Brgy. Lubogan ADMIN Tapping of Water Distribution BY DAVAO CITY System at Granville Subdivision, WATER DISTRICT 98,934.00 42,049.9'l 43% Catalunan Pequefio, Davao City ADMIN Tapping of Water Distribution BY DAVAO CITY System at South Grove Matina, WATER DISTRICT 73,250.00 27 ,475.t5 38% Davao Citv ADMIN Water Distribution Tapping of BY DAVAO CITY Del Rio System at Residencia WATER DISTRICT 56,812 00 2s,662.62 45% 35,36,37 & 38 Supplying Blocks ADMIN Cat. Pequeno Tapping of Water Distribution BY DAVAO CITY 38% System at Crestview Homes, WATER DISTRICT 54,009.00 20,326.64 Brgy. Ula, Tugbok District ADMIN Water Distribution Tapping of BY DAVAO CITY Camella Cerritos System at WATER DISTRICT 41.170 00 7 ,491.40 t8% 9, Portion of Expansion Btk. ADMIN Blk 2& l BY DAVAO CITY Purok Mainline Improvement at WATER DISTRICT 326,000.00 94,1 18.45 29% I l, Barangay Ula ADMIN Water Hydrotesting of the BY DAVAO CITY Distribution System of Villa WATER DISTRICT 4,802.62 4,516.45 94% Village, Phase 3 Josefina Resort ADMIN and 4 tutainline tmprovement of BY DAVAO CITY 6'76,078.14 36% Existing 50mm (2) at St. WATER DISTRICT t,904,259.45 Michael Village I, Ma-a ADMIN Mainline Replacement of Existing 50mm (2") PVC PiPe BY DAVAO CITY 246,032.07 2t% along Davao-Bukidnon Road WATER DISTRICT l,197,253.00 from comer Keith William to ADMIN Ulas Cemetary Mainline Replacernent of BY DAVAO CITY 20% existing 50mm (2") PVC PiPe at WATER DISTRICT 3,080,074.00 618,744.68 St. Anthony Vill., MamaY ADMIN Mainline Replacement of BY DAVAO CITY 65% Existing l00mm (4") PVC PiPe WATER DISTRICT 822,673.00 532,90,6.06 at Villa Josefina ADMIN Box, Const'n of Concrete Meter BY DAVAO CITY Meter tbr By-pass Line & Flow WATER DISTRICT 785,607.23 629,20t.6s 80o/o the proposed District Metered ADMIN Area TB-08 Meter Box, BY DAVAO CITY '140,024.36 Const'n of Concrete I ,39'l ,9t9.51 53% By-pass Line & Flow Meter for WATER DISTRICT 89 Davao City Water District, Davao City Page NOTES TO FINANCIAL STATEMENTS

.- .NAMEOTIHE _' . _ PRg.TECT Total Cost CONTRACTOB AGENCY COST Incurred to date Completioir the proposed DMA at Hillside ADMIN Subdivision Const'n of Concrete Meter Box, BY DAVAO CITY By-pass Line & Flow Meter for WATER DISTRICT 1.594,002 40 8s4,672.23 54% the proposed DMA at Solariega ADMIN Village Const'n of Concrete Meter Box, BY DAVAO CITY By-pass Line & Flow Meter for WATER DISTRICT I,394,882.37 63t,t40.75 45% the proposed DMA at Ladislawa ADMIN Village of Concrete Meter Box Const'n BY DAVAO CITY By-pass Line & Flow Meter for WATER DISTRICT t,396,426.93 8t7 ,774.86 59% proposed DMA at Spring the ADMIN Vallev Villaee Meter Box, Const'n of Concrete BY DAVAO CITY By-pass Line & Flow Meter for WATER DISTRICT r ,591,630.00 605,23t.02 38% proposed DMA at Susana the ADMIN Homes, Baliok Meter Box, Const'n of Concrete BY DAVAO CITY By-pass Line & Flow Meter for WATER DISTRICT I,391,478.00 751,t 15.14 54o/o proposed DMA at Mintal the ADMIN Proper, Tugbok BY DAVAO CITY Revision of discharge line WATER DISTRICT I 30,177.30 58,621 . l6 45% of Dumoy PW No. I assembly ADMIN BY DAVAO CITY of discharge line Revision WATER DISTRICT 236,471 .30 88,@.29 3704 PW No. 2 assembly of Dumoy ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 149.9'77.30 2,164.29 l%o PW No. 3 assembly of Dumoy ADMIN BY DAVAO CITY of discharge line Revision WATER DISTRICT 149,977.30 2,t64.26 lo/o PW No. 7 assembly of Dumoy ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 3ffi,442.30 86,s00.00 29% No. 20 assembly of Dumoy PW ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 287,242.30 l2t,500.00 42o/o PW No. 2l assembly of Dumoy ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 287,24230 134,452.t0 47o/o No. 22 assembly of Dumoy PW ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 300,442.30 202,765.0t 67% No. 24 assembly of Dumoy PW ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 28-t.242.30 153,204.22 53o/o assembly of Dumoy PW No. 26 ADMIN BY DAVAO CITY of discharge line Revision WATER DISTRICT 3C0,442.30 163,7 r 0.38 54% No. 28 assembly of Dumoy PW ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 300.442.30 213,668.59 7t% No. 29 assembly of Dumoy PW ADMIN BY DAVAO CITY line Revision of discharge WATER DISTRICT 287.242.30 148,447.50 52% PW No. 33 assembly of Dumoy ADMIN BY DAVAO CITY Revision of discharge line WATER DISTRICT 28't,242.30 t 58,856.s 1 55% assembly of Dumoy PW No. 34 ADMIN lnstall'n of 30 Pressure BY DAVAO CITY s,376,333.t2 3,802,658.97 7 lo/o

Davao City Water District, Davao City Page 90 NOTES TO FINANCIAL STATEMENTS

:,.;;FROJECTI ATIIS PROJECT . T-o,J,,LtrCosL :_

PROJECT NAME Incurred to dole Completion Monitoring Stations at DC WATER DISTRICT (Dofra Luisa, Shrine Hills ADMIN Install'n of l0 Pressure BY DAVAO CITY Regulating Valves at DC WATER DISTRICT 3,480,351 .76 r ,990,343.8 r 57% (Laverna Hills, Davao Farm ADMIN BY DAVAO CITY of PRV Controller Const'n WATER DISTRICT I,135,892.29 7.785 l5 t% Station at Cat. Grande Road ADMIN Const'n of l50mm Pressure BY DAVAO CITY Regulating Station at Saavedra WATER DISTRICT 750,000.00 502,008.01 67% St., Toril ADMIN Const'n of PRV Controller BY DAVAO CITY Station at Lower [,acson, WATER DISTRICT 3,864, I 08.00 ts8,290.24 4% Calinan; Dvo-Bukidnon ADMIN BY DAVAO CITY Install'n of 20 Pressure WATER DISTRICT 3,592,838.05 898.655 5 1 25% Regulating Valves at Davao City ADMIN Install'n of 20 Pressure BY DAVAO CITY Monitoring Stations at Davao WATER DISTRICT 4,428,867.87 323,6'19.24 7% City ADMIN Renovation / Exphnsion of BY DAVAO CITY Water Meter Maintenance WATER DISTRICT 7,167,41't .3t 7,167 .42 0% Division OfIice ADMIN Const'n ofshed extension & BY DAVAO CITY railing & applicatron ofanti-slip WATER DISTRICT t64,187.1 I r 30,987.91 80% floor paints ADMIN BY DAVAO CITY Rehabilitation of Toril WATER DISTRICT 1 97,560 00 38,848.20 20% Collection Center ADMIN BY DAVAO CITY of Madapo Warehouse Repair WATER DISTRICT 216,398.96 122,939.O0 5't% Fences Stockroom and ADMIN Installation of Elevated Steel BY DAVAO CITY Tank & Pedestal at DCWD WATER DISTRICT 384,680.51 375,000.00 97% Baiada ADMIN BY DAVAO CITY 74% Water Safety Plan WATER DISTRICT 653,161.00 483,8s8.00 ADMIN

It is classified into the following Water Supply System (WSS):

2016 20t5 Cabantian WSS 33,148,972 45,057,860 Binugao WSS 71,349 0 Dumoy - WSS 204,960,691 313,082,063 Panacan WSS 5,338,637 3,1 85,1 07 lndangan WSS 0 32,990 Riverside WSS 6,343,325 75,108,642 Tigatto-Mandug WSS 0 53,936,626 TorilWSS 5,766,775 5,716,372 Tugbok WSS 17,848,617 72,252,244

Davao City Water District, Davao City Page 9l NOTES TO FINANCIAL STATEMENTS

2016 2015 Tamugan WSS 627,554,927 0 Other Projects 561,264,386 349,899,760 Feasibility Studies 18,543,471 14,298,854 Total 1,480,841,150 932,570,518

12. Other Assets

This account consists of the following:

2016 20ls Other Assets t7 8l 48.5 I Total I

The details of other assets is shown below:

2016 2015 Receivable-Customers (Non- Accounts 0.00 175,403,551.37 Cunent) Less: Allowance for Bad Debts 0.00 60,351,658.74 0.00 I 15,051,892.63

Restricted Fund/Cash Funds allocated for various infra 2,091,662,561.31 1,801,175,750.49 Restricted Funds 203,462,186,81 142,862,019.63 2,295,124,748.12 I ,944,037 ,7 69 .12

Cash Deposits in Closed Banks 2,168,442.29 2,168,442.29 Cash in Bank (Closed Accounts) 229,409.52 229,409.52 Cash Deposits to Various Suppliers 9,559,566.63 9,559,566.63 Unserviceable Assets 225,000.00 225,000.00 Feasibility Study 9,832,468.32 9,832,468.32 22,014,886.76 22,014,88636 Total 2,317,139,634.88 2,081,104,548.5 I

Accounts Receivable - Customers (Non-current) refers to receivables from inactive customers which includes all amounts due arising from services rendered to customers for water sales and incidental services aged over I year as per aging of Accounts Receivable.

A total of Php72,143,086.97 represents government accounts of which Php14,249,512.19 is still under court litigation due to in-lieu share.

Davao City Water District, Davao City Page92 NOTES TO FINANCIAL STATEMENTS

13. Payable Accounts

This account can be broken down as follows:

2016 20r5 Accounts Payable 31,971,539.33 38,256,298.31 Due to Officers and J 7 .78 Total 4 .09

Aging of Accounts Payable

Name of Creditors Amount Less than 30 Over I 3l- 90 days 9l- 365 days (in alphabctical order) Balance days Year

ADVENTIST HOSPITAL . DAVAO, 77 ,7&4.31 60,214.20 I 7,570. I I lNC. (401 -000-847-207-000 NV) 360QUARTZ AUTO SUPPLY (401-474- 53,600 00 53,600.00 969-054-000 vAT) 3FL MARKETING (401-100-082-038 450.00 450.00 VAT) ADJ AND R PEST CONTROL (401-928- 25,400.00 14,700.00 10,700.00 485-653-00l NV) AHFAT SEAFOODS PLAZA, INC. (4OI- 53,594.00 53,594.00 414-661-046-000 vAT) ALEX AYAG (401 -CRED70oTEMP) 3,028.50 3,028.50

ALEXIAN BROTHERS HEALTH & 8,886.00 8,886 00 WELNESS CENTER, INC. (401 -00s-985- 700-000 vAT) ALTERNATIVE CATERING SERVICES 7,800.00 7,800.00 (401-l3l-841-444 VAT) AMERICAN WATER TECHNOLOGIES, 29,040.00 29,040.00 lNC. (401-004-761-096-002 vAT) AMESCO DRUG CORPORATION (40I. 33,495.50 33,495.50 008-024-612 VAT) AMTO ENTERPRISES (40 I -909-5s3-458 140,800.00 1 40.800 00 vAT) ANALIZA LUPINA (40r- 2.614.50 2,614.50 CRED{525TEMP) ANC CRAND PACIFIC 72,500.00 72,500.00 CORPORATION/STAR HOTEL (401- 483-s39-035-000 VAT) ANDA RIVERVIEW MEDICAL I t,512.70 I r ,512.70 CENTER, rNC. (401-409-345-s85-000 NV) ANNE LYNORE L, TOGHYANI (4OI- 2,750.00 2,750.00 l 82-842-330 NV) ARDEM CARPARTS, INC. (4OI.OO2. 700.00 700.00 39s-760 VAT) ATENEO DE DAVAO TJNIVERSITY. 395,47s.00 395,47s.00 CHEMISTRY AND RESEARCH LABORATORY (ADDU- CARL)(ADDU-IT'rSO) (40 I -001 -92 I - 709-000 NV)

Davao City Water District, Davao City Page 93 NOTES TO FINANCIAL STATEMENTS

Name of Crcditors Amount l,ess thsn 30 Over I 31- 90 days 9l- 365 days (in elphabctical order) Balance days Ycrr AUGUSTUS J, SANCHEZ (40t-890-105- 32,t20.00 32,120.00 305-27s vAT) AVK PHILIPPINES, INC.(40I-202-375- 435,871 .80 435,87 t .80 247-000 vAT) BEHAVIORAL DYNAMICS (DAVAO), 24,600.00 24,600.00 rNC. (401-000-006-741-953 NV) BENJIE GAO (401-4ss-632-r 8s-000 NV) 2,400.00 2,400.00

BIG Z QUALITY FOOD 23,548.00 23,074.00 474.00 CORPORATIONEIGBY'S CAFE (4OI- 006-175-2r6 VAT) BJ MARTHEL INTERNATIONAL, tNC. I ,710.00 I .710,00 (401 -000- 108-892-000 vAT) BOBBY DAGADAS (401- 3,680.00 3.680 00 CRED5T5TEMP) BROKENSHIRE INTEGRATED I t2,t9t .97 I 12,19L97 HEALTH MINISTRIES, INC, (4OI.OOI. 943-473 NV) BUREAU OF PLANT INDUSTRY (40I. 13,600.00 13,600,00 000-264-TEMP) CALAMBA DENTAL CLINIC / 7,000.00 7,000.00 GENEROSO L. CALAMBA JR. (4OI- l 79-387-929 NV) CALTEX.SM SERVICE STATION (40I. 746'.1.60 7A6'7.60 105-303-706-000 vAT) CANON MARKETING PHILIPPINES, 28,000.00 28,000.00 INCORPORATED (401 -000- r 59 -448-002 VAT) CARLOS R. PACHECO/SKIN CLINIC 55,834.7s 55,834.7s PHARMACY (401-890-100-083-327 VAT) CASI MARKETING CORPORATION 32,800.00 32,800.00 (401-000-074-217 vAT) CECIL'S SNACK INN & BAKESHOPPE, 9l,402.00 91,402.00 rNc. (40 l -000-073-634-000 vAT) CELSO ANDRES (401 -401 -TEMP) 3,300.00 3,300.00

CHARITO F, coRTEZ (401- 12,000.00 t 2,000.00 cRED694TEMP) CHIPPENS FOODS & CATERINC 3,420.00 3,420.00 SERVICES/CHIPPENS FOOD PRoDUCTS (401- I 3 l-837-270-001 VAT) CIVIC MERCHANDISING, INC. (4OI- r 37.00 r 37.00 000-393-851-oo3 vAT) COLUMBIA COMPUTER CENTER 67,800.00 63.750.00 4,050.00 DAVAO, rNC. (4o l -005- 168-902-000 VAT) COPYLANDIA OFFICE SYSTEMS 88,751 .00 66,401 .00 22,350.00 coRPoRATroN (401-002-332-000-013 VAT) D'BUTCHERS D'BAKER, INC. (40I. 6,55t.67 4,650.67 I,901.00 006-177-467 VAT) DABAW PRINT DISTRIBUTORS, INC 925.00 925.00 (40 t -27 2-020-860-000 NV ) DALTA MECHANICAL 86,364.00 86,364.00 -r75-48r-309-000 VA', DARLEEN ESTUART, MD (4OI-IOI- 7,550.00 7,550.00 l4l-025 vAT) DAVAO AD & PROMO BUILDERS, 2,4t6.00 t,203.76 1,212.24 rNC. (401 -42s-376-697-000 VAT)

Davao City Water District, Davao City Page 94 NOTES TO FINANCIAL STATEMENTS

Neme of Creditors Amount Lcss than 30 Over I 3l- 90 days 9l- 365 days (in elphebctical order) Balance days Yerr DAVAO ANALYTICAL 68,000 00 68,000.00 LABORATORTES, rNC. (401-006-039- I62 VAT) DAVAO BOLT CENTER 1,410.00 I ,410.00 CoRPoRATION (401-005-170-999 VAT) DAVAO BONIFACIO MOTORS, INC. 22.477.00 22,477.00 (401-000-07s-s47 vAT) DAVAO CABLEWORLD NETWORK, 2,347.87 2,347.87 INC. (401 -002-330-4 l 8 VAT) DAVAO CARMEL GREEN 4,995.00 4,995.00 LANDSCAPING (FORMERLY FORTUNE GARDEN) (401 -469-023-126- 000 NV) DAVAO CATHAY PARTS & 268,066 50 230,854 00 37,212.50 HARDWARE, rNC. (401-r l3-000-074- 483 VAT) DAVAO CITY TIMES TRADING, INC, 7,901 .00 7,825.00 76.00 (401-000-074-650 vAT) DAVAO DOCTORS HOSPTTAL (401- 220,715.65 220,7t5.65 005-985-874 VAT) DAVAO ECLECTIC FLAVORS INC, 26,040.00 26,040.00 (40r-cREDsS5TEMP) DAVAO ECONOMY AUTO PARTS l 46,289.80 107,203.80 39,086.00 cENTER, rNC. (401 -004-748-346 VAT) DAVAO ELECTRICAL SALES (40I. 220.00 220.00 169-367-328 VAT) DAVAO EVERFLEX ELECTRICAL & 377.20 3 r 0.00 67.20 GLASSWARE (401 -l 00-079-484 VAD DAVAO EXCEL VENTURES, 29,700.00 29,700.00 INC./GARDEN OASES RESTAURANT (401-004-429-l l l-000 vAT) DAVAO FARMACIA SOUTHERN, INC 4t,675.73 25,569.23 I 6,1 06 50 (401-267-570-910 VAT) DAVAO GENERAL HARDWARE 90 00 90 00 CoMPANY (40 l -003-73e-s7 I Y4f) DAVAO GLASS & CONSTRUCTION 2,950.00 2,950.00 SUPPLY (401 - 100-080-002 vAr) GOLDEN HARDWARE, 33,869.00 t4,624.00 19,245.00

DAV AUTO SUPPLY CORP t,960.00 1,960.00

DAV & POWER CO., 6,819,685.80 6,819,685.80 lv DAVAO MARINATI.]NA 3,930.00 3,930.00 CORPORATION (401 -005-989-289 VAT) DAVAO MARK ENTERPRISES, INC. l 8,128.75 l 8,128.75 (40r-005-160-816 vAT) DAVAO MEDICAL SCHOOL 5 1 ,888.1 0 51,888.10 FOUNDATTON - HOSPITAL (401-000- 261-380 VAT) DAVAO PARTSMAN SALES I15,690.00 74,440.00 4 t ,250.00 coRpoRATroN (401-005-816-537-000 VAT) DA' AND 5,4s0,000.00 3,8s6,1 06. I 0 I,593,893.90 INVESTIGATION AGENCY, INC. 401 't72Y A' DAVAO SHANGHAI RESTAURANT 265.454 00 265,454.00 coRP (401-004-748-0s8 vAT) _

Davao City Water District, Davao City Page 95 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount l,ess than 30 Over I 3l- 90 deys 9l- 365 deys (in alphebeticel ordcr) Bahncc days Yerr DAVAO I.JNITED EDUCATIONAL 240.N 240.00 SUPPLIES, INC. (401-004-751 4 ls VAT) DAVID BAYLON (4OI.CRED565TEMP) 2,400.00 2,400.00

DC TECH MICRO SERVICES, INC, 25,000.00 25,000.00 (401-890-003-375-571 VAT) DCWD EMPLOYEES MULTI- 9,280.00 9,280.00 PURPOSE COOP. (40 l -000- l 60rEMP) DDIS, INC / DAVAO DIAMOND 27,922.00 2'1,922.00 TNDUSTRIAL SUPPLY (401-006-408- 276-000 vAT) DHCI CYCLEHAUS/DAVAO HONDA 620.00 620 00 CENTER, INC (401-000-660-6r4-000 VAT) DIGITAL INTERFACE, INC. (4OI.II3. 12,440.00 12A40.00 000-264-828 VAT) DIRECTORIES PHILIPPINES 32,358.00 32,358.00 CoRPoRATTON (40r-000-064-528-000 VAT) DOCRIS DAUG/SINABADAN TRIBO 27.175.50 10,s88.50 t 6,s87.00 BAWA ANCESTRAL DOMAIN ORGANIZATION(SITRIBADO) (40I. 421-8r l-072-000 NV) DOMESTIC TRADING CORPORATION 34,640.00 34,640 00 /4Dt -007 -626-641 -000 vAT) DR. ALLAN P. ARREOLA (40t-921- 780.00 400.00 380.00 483-302 NV) DR. ARMI GERALYN ESPIRITU (4OI- 2l,850.00 2l ,850.00 l9l-239-252 NV) DR. CHARITO S. CASIA (401-921-480- 8,550 00 4,700.00 3,850.00 190 Nv) DR DELFIN VALDEZ (401-ll6-956-043 500.00 s00.00 vAT) DR. DEMOSTHENES ALBAY (40I-I4]. 600 00 600 00 426-142-000 vAT) DR. ELIZABETH ENDRINA.PAGUE 4,200.00 4,200 00 (401 -933-61 6- l 78-000 NV) DR, EVANGELINE C. DURBAN (4OI- 2,400 00 2,400.00 r05-272-640-000 vAT) DR. HECTOR G. QUIAMBAO (401-921- 65,s00.00 65,500.00 128-633-000 VAT) DR. JACK A. ESTUART (401-135-501- 700.00 700.00 365 VAT) DR. MARILIZ VERGARA.YOSHIDA 520.00 s20 00 (40 l -t 44-97 7 -O75-000 VAT) DR, MIRLAND T. REDULLA (401.924- 19,400.00 19,400.00 109-435 NV) DR. SONIA ROSE 2,250.00 800.00 800.00 650.00 401-l EAST ASIA ORTHOPAEDIC AND 3,760.00 2,400.00 1,360.00 REHABILITATION INSTITUTE INC. (401-006-l7l-999 VAT) EAST ASIA SOLUTIONS 422,400.00 l 3l,250.00 291 .r s0.00 TECHNOLOGIES CORPORATION (40 t -007-20 l -366-000 vAT) EDDIE VILLALONGJA (401- 3.006 00 1,006 00 CRED57]TEMP) EDEN MOUNTAIN RESORT, INC. r5,r23 00 I 5,1 23 00 ( 40 t -004-'t 52-27 2 V AT ) EDGAR LAMATAN (401- 3.042.00 3,042.00 CREDs6TTEMP)

Davao City Water District, Davao City Page 96 NOTES TO FINANCIAL STATEMENTS

Namc of Creditors Amount [*ss than 30 Over I 3l- 90 drys 9l- 365 days (in alphabctical order) Balance days Year EDCE DAVAO REVIEW PUBLISHING 7,500.00 7,500.00 INC. (401-426-214-884 VAT) EDITHA T. SABALLA DAGUIDOR 2,500.00 2,500.00 (401-cREDT roTEMP) EMCOR, INCORPORATED (4or-000- | .820 18 1,820. I 8 075-476 VAT) ESTRELLA P, VILLANUEVA (40I. 12,000 00 12,000.00 scHool4) EYE CRAFTER OPTICAL, INC. (40I. 10,t 90.00 9,890.00 300.00 289-r00-038-0r0 vAT) Fl25 ENTERPRISE (40t-129-085-221- 70,000.00 70,000.00 000 vAT) F5 REDLINE AUTO PARTS I.300.00 1,300.00 coRPoRATTON (401-009-409434-000 Nv) FELCRIS SUPERMARKET - QUIRINO t2,869.92 t2,869.92 (40 l -000-075-773-002 vAT) FH COMMERCIAL. INC (401-000-247- 29,61280 29,612.80 463-000 vAT) FIRST FINEST ELECTRICAL 900.00 900.00 TRADTNG CORPORATION (4ol-008- 245-787-000 VAT) FLYOVER IHAW-IHAW (401-005-160- I1,603.20 I 1,603.20 953 VAr) FRETZIE G CAPULONG (40r 12,000.00 12,000.00 scHoot6) GABRIEL C DE BORJA (401-157-198- I r.100.00 l I,100.00 5ls Nv) GAKKEN PHILS INC. (401-004-47s- r 0,400.00 r 0,400.00 204-002 vAT) CARCIA DENTAL CLINIC AND 3,I 50.00 3,t 50 00 LABORATORY (401-184-272-913-001 vAT) GELDIBRANDO E. SAMSON (4OI 3,680.00 3,680.00 CREDO53TEMP) GENEVIEVE TUPAS (401 300.00 300.00 CREDTI5TEMP) CERLIE C. ALINGAY (401 - 2,997.00 2,997.00 CREDI95TEMP) GH OFFICE DEPOT (401-890-000-074- 1,276.60 t,276.60 144 VAT) GLOBAL TIMES ADVERTISING (40I. 560.00 560.00 297-664-352-000 NV) cLoBE TELECOM, INC (401-00G.768- 8,198.48 8,r 98.48 480-027 VAT) coBEL HARD[/ene co., INC. (401- 4,321 .00 4,321.00 000-o7s-200-000 vAT) GOLDEN LECHON HOUSE (401-150- 17,000.00 13,000.00 4,000.00 172-993-000 NV) GREG'S MOTOR PARTS & 2.1 35.00 2,135.00 HARDWARE (40 I - I 00-086-283 YAT) HANELYN M TAMONAN (401-432- 12.000.00 9,000.00 3,000.00 294-512 NV) HARVEYTEC DAVAO CORPORATION 3,312.00 3,3 12.00 (401-006-177434 VAT) HELEN GRACE TE-SANTOS (401-lll- 18,800.00 18,800.00 237-551 VAT) HERSEL 3,500.00 3,500.00 SERVICES t9-594 HINEX JANITORIAL AND ALLIED I 2l ,939.00 l2 r ,939.00 SERVTCES (40 r - l 36-2s0-6!0-000 v4f )

Davao City Water District, Davao City Page97 NOTES TO FINANCIAL STATEMENTS

Name of Creditors AInount [,ess than 30 Over I (in alphebetical 3l- 90 deys 9l- 365 days order) Belence days Year

HOUSE OF TRAVEL, rNC. (401-000_ 49.199.00 49, I 99.00 4r5-853-002 VAT) IDEAL G 24.642.00 24,642.00 MALUKOOKI VISION CORPORATION (40 l -005-986-948-00 I VA IDEAL VISION CENTER - SM (401_ t9,456.00 19,456.00 005-986-948-000 VAT) INKPRINT ATBP., r -29s- l 65- 27,000.00 27,000.00 286-000 v IVSA & 673.00 673.00 ENGINEERING WORKS (401-108-686_ 325-000 J.H. HARDWARE CO. (401 -000-07 6-277 54,861 .00 3O,ss l .00 24,310.00 vAr) JEDARIC CHEMICAL CO., INC (40I. t,536,276.00 1,536,276.N 008-s0s-623-000 vAT) JENJET ENTERPRISES (401-915-57s_ 209,750.00 209,750.00 333 VAT) JERSAM M. BANGCOT (40t -SCHOol 8) 12,000.00 12,000.00

JHAYCOR TNDUSTRTES, INC. (401- 407,700 00 407.700.00 00s-883-649 vAT) JHAYMARTS INDUSTRIES, INC. (40I. 278,000.00 278,000.00 001-479-881 VAT) JIGGER MACAMAY (40r- 2,542.50 2,542.50 CRED6l ITEMP) JIMMY LINAD (4OI.CREDO62TEMP) 2,400.00 2,400.00

JOBERT A. ABASULO (40t- 5, r00.00 5,100.00 CREDTOsTEMP) JOGAN PRIME VENTURES 43,019.50 43,019.50 CORPORATION/YELLOW FIN SEAFOODS & RESTAURANT (401-442- 524-498-000 VAT) JOSEFINA P. TUASON/EDONG'S 8,908.20 8,908.20 LECHON MANOK (401-182-ls6-6s2- 000 Nv) JUANITO BASTIDA (40r - 3,600.00 3,600.00 CREDO66TEMP) KAMPILAN 20I5 ATENEO DE DAVAO 3,s00.00 3,s00.00 - CoLLEGE. OF LAW (401- CRED643TEMP) KAR ASIA, INC. (401-000-07s-589 29,241.62 t5,49t.2t t 3,750.41 VAT) KAREN LEE P. ALABADO (401-200- 2.s00.00 2,500.00 813-670 NV) KENTAN INDUSTRIAL SUPPLY AND 79,520.00 68,920.00 I0,600 00 sERV ICES (40 t -222-3 t9 -489-000 VAT) KING PRINTERS (DAVAO) INC. (4OI- 72.520.00 72,520.O0 004-747-482 VAT) KRYPTON INTERNATIONAL 28,000.00 28,000.00 RESOURCES SALES & SERVICES, rNC. (40 l 469-968-495-000 VAT) KUPLER INDUSTRIES, INC. (4OI.OO5. 22,523.34 22,523.34 699-760 VAT) LEANDRO'S SPECIALTIES AND 27,960.00 27,960.00 CATERING SERVICES (40t-144-987- 148-000 vAT) LIBCAP SUPER EXPRESS 29,078.12 18,693.48 10,384.64 CoRPoRATION (401 -005-984-s I s-0 l 3

Davao City Water District, Davao City Page 98 NOTES TO FINANCIAL STATEMENTS

Nrme of Creditors Amount Less than 30 Over I 3l- 90 days 9l- 365 days (in rlphabetical order) Balance days Year VAT)

LINDE PHILIPPINES/SOUTHERN 19,325.00 16,800.00 2,525.00 IND'L GASES PHrLS., rNC. (401-002- 396-529-006 VAT) LOC.SEAL INDUSTRIAL 38,080.00 38,080.00 CORPORATION (401 -003-970-48 I VAT) LORENZA U. COLINA LECHON s,s29.00 5,529.00 HOUSE *T (401 - 199-301 -108-002 vAT) LORENZO PRINCIPE CLINIC (4OI.006- 4,853.00 4,853.00 379-979-000 VAT) LORNA B. MANDIN (401-199-300-883 75,000.00 75,000.00 NV) LOURDES G. HORMILLADA (40I. 12,000.00 12,000.00 scHoorT) LRCA TRADINC INCORPORATED 100,506.00 100,506.00 (401-291-551-820 VAT) MACH TJNION ' WATER 280,000.00 280,000.00 LABORATORY, INC. (401 -006-589-449- 000 vAT) MAKATI FOUNDRY, INC. (401-007- 1,058,442.00 t4,220.00 t,044,222.00 296-s38-000 VAT) MALAGOS WATERSHED 5,000.00 5,000 00 BUFFERZONE RESIDENCE oRGANTZTTON (MABURO) - PO (401- CREDOT3TEMP) MALTA MEDICAL CENTER, INC, 47,258.89 44,123.02 3,1 35.87 (401-006-047-218 vAT) MAME AUTO PARTS (401-922-616-637 87s.00 515.00 360.00 VAT) MANUEL M. YAP (4ot-122426-284 r 4,250.00 14,250.00 NV) MARGARITA L. MELOCOTON (4OI- 27,500.00 27,500 00 I l l-156-299 VAT) MARIA KRISTINE LUELLA S. 631,350.00 631,350.00 FLORESCA/EUHEALTH CARE DIAGNOSTIC .LABORATORY (40I. 4t6-631-749-000 NV) MARLON N. MANAWATAO (401- 7,800.00 7,800.00 scHools) MATTNA SWISS DELI, INC. (4ol-412- 2,149.60 484.74 I,864.86 623-3s8-000 VAT) MAXIMA MACHINERIES, t.120.32 I ,I 20.12 TNCORPORATED (40 I -006-6 I 8-023-003 VAT) GROUP 4,7t4.N 4,464 00 2s0.00 ,AL -001-22' MEDISKTN, INC. (401-005-701-203 342,944.00 342,944.00 VAT) MERCURY DRUG - G. MALL (401'000- l 1,s77.50 l l,577.50 388-474-446 VAT) MERCURY DRUG CORP - ULAS (4OI- 4,425.N 4,425.N 000-388-474-372 VAT) MERCURY DRUG CORP-BAJADA 41,845.00 4l ,845.00 (401 -000-388-474- I 50 VAT) MERCURY DRUG CORP.C.M. RECTO t22,004.25 t22,004.25 (401 -000-388-474-3s4 VAT) MERCURY DRUG CORP-MATINA 33,716.00 33,7 r 6.00 (40 l -000-388-474-373 VAT)

Davao City Water District, Davao City Page99 NOTES TO FINANCIAL STATEMENTS

Nrme of Creditors Amount [.ess than 30 0ver I 3l- 90 days 9l- 365 days (in alphrbetical order) Balance days Year MERCURY DRUG CORP. . LAPU. 18,065.75 18,065.75 LAPU (401-000-388-474-35 I VAT) MERCURY DRUG CORPORATION. 70t,s23.90 701,523 90 CYBERGATE BRANCH (401-000-388- 474-568 VAT) METRO DAVAO MEDICAL AND 2s3,776.00 253,776.N RESEARCH CENTER, INC. (MDMRC, rNc.) (40 l -404-622{ l 3400 VAT) MTDTOWN PRTNTTNG CO., rNC. (40r- 2l,150.00 21,150.00 890-000-076-3 l 5 vAT) MIG SYSTEM TNCORPORATED (401- 355,900.80 355,900.80 2 I 3-s44-469-000 VAT) MTNDANAO JOURNAL (40l-127-656- 50,000,00 15,000.00 35,000.00 r42 NV) MINDANAO MEDIA BROADCAST 2,000 00 2,000.00 NETWORK GROUP, INC. (MMBN) (401 -29r -90r -069-000 vAT) MINDANAO TIMES CORPORATION 40,500 00 5.500.00 35,000.00 (401-005-r7l-869 vAT) MTNDANET BALITA (4Ot 4 1847 62t 5- 2,000.00 2,000.00 000 NV) MTRABELLE J. TAN (401-146-839-791 2,000.00 2,000.00 NV) Mrr & CoMPANY (401-0Cn.077-276 7,758 00 79200 6,966.00 VAT) MMLS MARKETING (401-940-045-307- 3s,000.00 35,000.00 000 vAT)

NAFV CUISINE (401 - 1 62-9 1 2-54 MT) 7,t76.N 3,355.00 3,821.00

NANAY BEBENG CULINARY 4,375.00 s9s.00 3,780.00 ENTERPRISES, INC. (401-006442-391 VAT) NANCY U. SOLM, M.D. (401-913- 2,800.00 2,800.00 9r l-361 NV) NATHANTEL GRANDEZA (401-926- 32,000.00 32,000.00 908-281 NV) NATTONAL BOOKSTORE (401-000- 747.75 747.75 299-299-013 VAT) NATY'S LECHON HOUSE (401-l5l- 213,4t I ,00 r 75,991 .00 37,420.00 r3l-388-000 NV) NCL FOOD TNDUSTRY. INC (401-000- 36,680.00 36,680.00 076-679-001 VAT) NEDMAR AUTO SUPPLY (401-102- 16,650.00 14,980.00 1,670.00 675-206 VAT) NENITA J. LUMANCASA/RAJ FOOD r 0,080.00 r 0,080.00 STATION & CATERING SERVICES (40 r - l 89-795-849-001 NV) NEW ARNAEZ ENTERPzuSES (40I. 120.00 r 20.00 l4l-733-246 VAT) NEW DAVAO STARLIGHT 938,493.50 72'1,200.50 2n,293.00 HARDWARE & AUTO PARTS CORP.- MArN (401-004-75 l-301 vAT) New oru-eaNs CAFE (401-260-083- 6,300.00 6,300.00 842-002 VAT)

NEW SPRINGFIELD AUTO SUPPLY. 770.00 770.N (401-100-086-899 vAT) NWZ MARKETING (401-936-620-389- 1,850.00 l,850 00 000 NV) OBU.MANUVU ANCESTRAL 34,872.00 14,8't2.00 DOMAIN MULTI PURPOSE

Davao City Water District, Davao City Page 100 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount [*ss than 30 Over I (in alphabetical order) 3l- 90 days 9I- 365 days Balance days Year COOPERATIVE/OBU-MANUVU UNIFIED ANCESTRAL DOMAIN TzuBAL COTINCIL OF ELDERSiLEADERS, tNC. (401_000_ 364TEMP)

OFFICE OF THE COVERNMENT r 02,000.00 r 02,000.00 coRPoRATE COTjNSEL (OGCC) (401- CREDT2I ORODERM MEGA CLINIC/ ORODERM 8,054.00 8,054.00 SERVICES/DR. NEIL S. OROPEZA (401-Q06441-051 NV) PAPA CHING'S REST. (401- 463.60 463.60 143-093-056400 V PEDRO AwrNG (40 l -CRED094rEMP) 3,600.00 3,600.00

PEOPLE'S BROADCASTING SERVICE, 2,500.00 2,500.00 rNC (401400486-429-000 VAT) PHILCOPY CORPORATTON (401-000- 26,448.00 26,448.00 169-318-024 VAT) PHILIPPINE DAILY INQUIRER INC. 38,304.00 38,304.00 (401 -000-803-607-000 vAT) PHILIPPINE VALVE 47,500.00 47,s00.00 MANUFACTURTNG CO. (401-000-370- 755-000 vAT) PHTLSTAR DArLy, INC. (401-000-805- 26,812.80 26,812.80 207-000 vAT) PILIPINAS SHELL PETROLEUM l ,635,0s9.18 r ,635,059. r 8 CoRPoRATTON (401 -000- I 64-757-000 vAT) PREVIA AUTO PARTS CENTER, INC. 37,420.00 2s,%0.00 l1,460.00 (401-004426-022 V AT) PRINCE EDUCATIONAL SUPPLY 53,595.2s 53,595.25 (401-l 78-l 30-560-006 vAT) PRYCE GASES, INC. (401-000-292-468 I 1,305.00 2,765.00 8,s40.00 VAT) RADIO PHILIPPINES NETWORK, INC 2,s00.00 2,500.00 (401-000-726-090 vAT) RADTELCOM TECHNOLOGIES AND t22,810.87 122.810.87 INDUSTRTAL CORPORATTON (40t- 006-843-626-000 VAT) RCSS STAINLESS FABRICATION 247,500.00 247,500.00 (40 t -27 4 -67 2-2@-000 NV) REYNALDO D. TULOY JR (40r- 5,100.00 5,100.00 CRED6SSTEMP) RGMA NETWORK, rNC. (40t-000-917- 7,500.00 7,500.00 916-000 vAT) RTCARDO B. TORNO (40r-102-673-3s8 500.00 500.00 VAT) RICARDO LIMSO MEDICAL CENTER 205307.40 205,307.40 INC. (40r-000-06s-812 VAT) RtcsTAR ENTERPRISES (40t -t 84-27 7 - 67,N2.30 37,909.80 29,092.50 s8s-000 vAT) RODRIGO A. GONZAGA (401- 3,680.00 3580.00 CRED5T6TEMP) ROMEO G VILLADORES/RADNEY N. 2,500.00 2,500.00 ESPANOLA (40 l -CRED692TEMP) ROMEO T. CABARDE JR. (401-931- 75,000.00 75,000.00 715-404 NV) ROMUALDO A. BRIOSOS (401- 3,000.00 3,000.00 CRED6T4TEMP)

Davao City Water District, Davao City Page l0l NOTES TO FINANCIAL STATEMENTS

Namc of Crcditors Amount Less than 30 Over I 3l- 90 days 9l- 365 days (in alphabetical order) Balance days Year ROSEMARIE M. GUERRA (40I. 15,000.00 15,000.00 CRED562TEMP) ROSENA SANCHEZ (40t-123-990-237 100,000.00 r 00,000.00 NV) RSC NEWSPAPER MARKETING (4OI 23,345.00 23,345.00 r24-064-567-001 NV) RUBY M HALASAN (401-186-722-942 38,1 50 00 38,1 s0 00 NV) s. HERRERA BROS., INC (401-890- 7,s00 00 7,500.00 000-077-268 VAT) sAN PEDRO HOSPITAL (401-ll3-000- 128.98 t 45 I 28.981 .45 077-410 NV) SEALOR'S CAR AIRCON SERVICE 6,300.00 6,300.00 CENTER (40 r -9 I 3-704-091 NV) SHIRT STOP ENTERPRISES (401.928- 4t,792.00 4t.792.00 757-098-000 NV) SIOK MOTOR PARTS, INC.A,IILANES 80.00 80.00 MOTOR PARrS (401 -006-22s-827 -001 VAT) SMART COMMUNICATION, INC. 38,8s0.00 38,850.00 (401 -001 -90 I -673- I 82) SMILE CENTRAL FAMILY AND 9,500.00 9,s00.00 cosMETrc DENTISTRY(4ol4l0-793- 875-000 NV) soLA DENTAL CLINIC (401-928-083- 82,950.00 82,950.00 734 NV) SOUTH PHIL TWC CORP (40t-423- 48,183.43 48,183.43 787-r29-002 VAT) SOUTHERN MINDANAO REHAB 12,800.00 12,800.00 CARE CENTER, INC. (40t455-667 -697 - 000 vAr) OF DAV t4,627.00 6,676.00 7,95 r .00 INC 401 SPEEDEE MOTORSHOP 1,320.00 r.320.00 CORPORATION (401-429-9r6-872-000 NV) ST. JOHN OF THE CROSS HOSPITAL l,541 .00 650.00 891.00 (401 -r 05-298-975-000 NV) STAREX MOTOR PARTS (401-91l-022- 160.00 160.00 951-000 vAT) SIJN STAR . DAVAO PUBLISHING, 5,899.99 5,899.99 INC. (40 l -890-001 -693-'127 V AT) SWARA SUG CORPORATION r0,000.00 10,000.00 -001-81 swEET TREE, INC. (401-006-501-688 57,900.00 30,140.00 27,'160.00 vAT) TECHNO.TRADE RESOURCES 938,121.10 938,121.10 (DAVAO), INC. (401-000-065416-000 VAT) TERRO ELECTRICAL SERVICES (40I. 1,500,00 r,500.00 l3l-841-364 NV) TESORO'S PRINTING PRESS/R.O. 25,925.00 9,925.00 16,000.00 TESORO & SONS, INC (401-000-077- 188-000 vAT) THE MINDANAO DAILY MIRROR 49,000 00 3 r,000 00 r 8,000 00 (40 | -890-000-s I 8-693 NV) THE MINDANAO POST (401-105-126- 4.000.00 4,000.00 846 vAT) THE PINNACLE HOTEL AND SUITES 136,520.00 136,520.00 (40 t -294494-876-000 vAT)

Davao City Water District, Davao City Page 102 NOTES TO FINANCIAL STATEMENTS

Neme of Creditors Amount I*ss than 30 Over I 3I- 90 days 9l- 365 days (in alphabetical order) Balance days Year TOMAS ELECTRICAL SUPPLY CORP 22,336.40 19,t 95.20 3,t4t.20 (401-003-876-s06 VAT) TOMMY E. BANGAYAN (401-900-580- 2 t ,500.00 21,500.00 806 NV) TRANSWAY SALES CORPORATION 12.582.00 t2,582.00 (401-000-077-402 vAT) TzuCOM SYSTEMS (PHILIPPINES), 2,995.00 2,995.00 INC. (401 -049-000-l 72-347 VAT) TRILIM COMMERCIAL (401-160-903- 44,850.00 40,ss0.00 4,300.00 0s2 vAT) TIJNGKALAN TRIBAL ASSOCIATION 62,577.00 62,5'17.00 (401423-l 99-882-000 NV) ULTRIUM CORPORATTON (40t-006- 3,500.00 3,500.00 040-086-000 vAT) UM MEDICAL & MULTITEST 8,010.00 8,010.00 DTAGNOSTIC CENTER, INC. (401-003- 843-436-000 VAT) {,JNITED BEARING INDUSTRIAL 2,924.00 2,924.00 coRP. (40 l -000-330-865-009 vAT) UNIVERSITY OF IMMACULATE 10,653.00 10,6s3.00 CONCEPTION . SCIENCE RESOURCE CENTER (401 -00r -222480{00 NV) I,JNIVERSITY OF SOUTHEASTERN 14,366.00 14,366.00 PHILTPPINES (40 l -000-265TEMP) TJNIWIDE TRADE SALESruNIWIDE 278,400.00 12r,600.00 156,800.00 TRADE SALES AND INDUSTRIAL SERVICES CORP. (40r-404-263-394-000 VAT) UNO ENTERPRISE (PORKY'S 5,200.00 5,200.00 LECHON) (40 1 -9 1 5-s64-s47-000 NV) UP STRATEGIC RESEARCH AND 20,400.00 20,400.00 MANAGEMENT FOUNDATION INCORPORATEDruPSTREAM (40I. 005-987-l3l NV) v.s. TAY, INCORPORATED (401-002- 24,518.64 24,518.64 623-291 VAT) VICENTE CALMA ENTERPRISES, 66,200.00 66,200.00 INC./HOTEL VTCENTE (4Ol-402-458- 689-000 vAT) vrNA o. sAN JUAN (401-15?-'123-096 I,750.00 1,750.00 NV) VITALAB REDMARK CORPORATION 28,920.00 28,920.00 (401 4 l 5-875-890-000 VAT) vrvtAN J. uY (401-124-006-966 NV) 1200.00 r 200.00

WATELCO INDUSTRIAL SUPPLIES 1,214,93s.00 1,214,935.00 (401 -295-8 l 3-362-000 VAT) WEST EMPIRE SEAFOOD & CHINESE 97,945.00 9'1,945.00 RESTAURANT (401-427-087-195-002 VAT) ZYTHER PHARMA AND MEDICAL 3,580.00 2,360.00 1,220.00 SUPPLY (4Ot -901 -322-4s5-000 VAT)

TOTAL 3 r ,97 1 ,539 33 2s,473,400.17 39,83 I .61 5,1 8l ,214.55 1,277,093.N

Davao City Water District, Davao City Page 103 NOTES TO FINANCIAL STATEMENTS

Aging of Due to Officers and Employees

Name of Creditors Amount Less than 30 31- 90 9l- 365 Over I (in atphabetical order) Balance days days days Year

ABAO, GTOVANNt D.(403-00l4 r5) 36s.97 365.9'1

ABELLANA, MICHELLE ROSE C(40340t58I) 820.28 820.28

ABELLANO, SHALOM B.(403{010t7) 360.01 360.01

ABIJAY, JASPER O.(403-00t 133) 295.t0 295. l0

ABIJAY-SAOCETA, MARY GRACE D.(403-001 185) 8,481.60 8,481.60

ABLAS, VTCENTE M.(40340 1084) 730.t2 730.12

ABRAHAM, KENNETH P(403-00 1486) 395.45 395.45

ADTOON, JETRON J.(403-00 I 559) 588. I I 588. I I

AGAD, JUAN E.(403-000804) I 16.t6 I 16. l6

AGAPAY, JEFF-RAY 0(403-00 I 63 I ) l,l 15.06 I,l 15.06

AGBAYANI, ROMERO D.(403-000679) 7,253.20 7,253.20

AGBISIT III, LAUREANO C(403-001 28 I ) 4,336.91 4,336.9t

ACUSTIN, EMMANUEL M.(403-000853) 4,822.30 4,822.30

AGUSTIN-RABAGO, FArRY FArTH B.(403-00r09t) 7,190.00 7, I 90.00

ALAGAO, SHANE C.(403-0004 l8) 600 00 600.00

ALBARILLO. ALEX B(403-oo I 599) 338.06 338.06

ALDEVERA, CHARLEMAGNE B.(403- I 05-252-786 VAT) t,738.00 1,738.00

ALDEVERA, CHARMALOU D.(403-924-845-210 NV) 5,000.00 5,000.00

ALFECHE, MARLOU F(403-00 l 583) 8,009.85 8,009.85

ALTTO, JrMMY P.(403-000850) 7,987.32 7,987 .32

ALLERA, PAULTNO D.(403{oo4os) l,670.00 I,670.00

ALMAJEDA, MARIO L.(403-000903) 18,346.96 18,346.96

ALORRO, JrMMY C.(403-0ol20l) 294.73 294.13

ALPAS, LORETO L.(403-ooo38o) 10,209.t2 10,209. l2

ALVARADO, RENANTE D.(403-0008 I 6) 285.20 285.20

AMIGO, ALVIN KERVILLE V(403-00 1465) 354.44 354.44

AMPER, JERRY T(403-001610) 7,96t.63 7,961.63

ANCHETA, PAVEL P.(403-000770) 3,634.73 3,634.73

ANDA, DOMTNADOR E.(403-000840) 1,496.93 |,496.93

ANG, JOE MARrE C.(403-000827) I,935.2'7 1.935.27

ANG. ROSALIA D.(403-000276) 57,840.70 s7,840.10

ANGOT, JOJr C.(403-001336) 0.30 0.30

ANIiTON, KRTSTOFFERSON T(403-001550) 6,535.0 I 6,535.0 I

ANSALE, ANGELI MAY C.(403-001455) 30t.42 30t.42

ANTIPALA, SIEGFREDO L.(403-000083) 7,947 .14 7,941 .t4

ANTIPUESTO, FRANCIS T.(403-00 I 048) t0.34 10.34

APA-AP, GERONIMO 5(403-00 I 630) 5,291.25 5,29t.25

APOR, ELVEN S.(403-00r r73) 2 10.00 210.00

Davao City Water District, Davao City Page 104 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount Less then 30 3l- 90 9r- 365 Ovcr I (in alphabctical order) Balancc days days days Ycrr

AQUINO, NINO BEL M.(403-oOl536) 5 17.40 5t7.40

ARANJUEZ, RODRTGO L.(403{oo2 I 8) 10,364.84 I 0,364.84

ARBOTANTE, LINA O.(403-ooo258) 9,500.00 9,500.00

ARCtLLAS, STDNEY PONCE V.(403-00 1697) 450.00 450.00

ARENAS, REYNALDO E.(403-000s59) 169.80 169.80

ARMACTON, AIZA D(403-0015 l9) 0.47 0.47

ARNAIZ, JANICE D.(403-00 1430) 316.36 316.36

ARRUBTO, ARVY 8(403-00 I s05) 7,785.50 7,?85.50

ARTNO, JOSEPH 8.(403-000243) 8,515.90 8,5 I 5.90

ARTIAGA, SIMEON JR. F.(403{01252) 29.58 29.s8

ASESOR, REU A.(,103{00456) 6,042.0t 6,042_01

ASOY, RYAN M.(403-001028) 28 1.54 281.54

ATTLLO, JONATHAN A.(403-0008?9) 81.51 81.5 t

AVTLES, MILDRED G.(403-000253) I 7.000.00 t7,000,00

AWA-AO, ERIC G(403-00 1476) 6l L28 6r r.28

AYING, EDUARDO R.(403-000659) 162.02 t62 02

AZUCENA, DOr MODTEF C(403-001394) 4,059.2'l 4,059.26 0.01

BABUYO, JAY 5(403-001 542) 8,906.85 8,906.85

BACARINAS, REYNALDO C.(403-000339) 13.455.58 I 3,455.58

BAGASLAO, SHERIL C(403-oo I 52e) 388.06 388.06

BAJALA, CIOVANNE 5(403-00 l5 I I ) t,702.49 1,702.49

BALANZA, ALEIANDRO S.(403-000298) 5,000.00 5,000.00

BALAYAN. MARTIN B.(403-000263) I , I 09.32 I,109.32

BALBUENA, MANOLO F(403-00 I 246) 35.62 3s.62

BALDONADO, MELISSA G(403-001644) 600.00 600.00

BALODO, DANIEItr M.(403'000357) I,833.45 9 14. l3 919.32

BALTE, ANSBERT M.(403-oo l5 l3) 698.92 698.92

BANAAc, MICHAEL GERARD D(403-001 5?9) I 2,104.28 12,t04.28

BANGAYAN, EDUARDO A.(403- 105-257-943 VAT) 457,143.3 I 457,t43.3t

88.56 BANLASAN, KATRINA NINA S(4O3.OO I 522) 88.86 0.30

BAQUIREL, RICHARD E.(403-00 1468) 573. I 3 573.t3

BARING, PATRICK MARK V.(403-001564) 6.785.02 6;185.02

BARREDO, NESTOR P.(403-00083 I ) t47.87 t47.87

BARRICA, MARVIN C.(403-0008 l9) 288.',t1 288.77

BARRIOQUINTO, ALNINO A.(403-000644) 14,584.36 I 4,584.36

BAStO, ALEXIS L.(403-000747) [email protected] 2,364.04

BASIO, RONNIE C.(403-000569) 2,284.46 2,284.46

BATAGA, JANINE D.(403-00 I 5 l8) 386.56 386.56

BATION, ERIC A.(403-000787) 9,682.45 9,682.45

BAUTISTA, GERARDO B.(403-000883) 1,419.01 1,419.01

Davao City Water District, Davao City Page 105 NOTES TO FINANCIAL STATEMENTS

Namc of Creditors Amount Lcss than 30 3t- 90 9r- 365 Over I (in alphabeticel order) Balrnce days days drys Year

BAUTISTA, GIL P(403-00 I 386) 4.51 4.51

BAYBAYANON, CECILTO A.(403-000494) 32.73 32.73

BAYON, JONATHAN A(403-00 1357) 4t2.73 412.73

BAYOT, JAMES M.(403-00 I 353) 193.64 t93.64

BELNAS, JONATHAN S.(403{0 I 250) 702.93 702.93

BENTULAN, MC ADRTAN T(403-001578) 662.88 662.88

BERIA, RIZZA L.(403-001432) 2.40 2.40

BERMEJO, JORDAN C(403-00 l 25e) 6,250.00 6,250.00

BERMEJO-LIPUMANO, JONI MAE B.(40340 1206) I 50.00 150.00

BERMUDEZ, JONALEI E.(403{00863) 5,000.00 5,000.00

BERTOLANO, RUSSEL M(403-oo I 547) 3,860.45 3,860.45

BESAGAS, DENNIS B.(40340052 l) 6,010.38 6.0 t0.38

BOCTON, REYNATO P.(403-00 r022) 284. r6 284. I 6

BOLO, DANTE V.(403-ooo564) 50 1.5 I 50 t.5 I

BORDAJE, ZION GRACE A(403-001643) 600.00 600.00

BORONG-DUMALAG, JENNIFE D.(403-000956) 9,5 10.00 9,5 10.00

BRANDINO, FRANCIS MAXELL M.(403-001571) 546. I 5 546. I 5

BRIONES, JEORCE A.(403-00 102 I ) 4,867.60 4,867.60

BUAGAS. JARED D.(403-OO I222) 486.'t4 486.74

BULSECO, JOAN A.(403-ooo565) 600.00 600.00

BUMANGLAG, NARCISO T.(403-000036) 9, I 85.78 9,185.78

BUNDOC, CELESTTNO A.(403-000345) 99,943.50 99,943.50

BUQUTA, ROY T.(403-000801) I 3,760.56 t3,760.56

BUSMEON, ALFREDO JR (403-ool469) 276.69 276.69

cABAHUG. GENEROSO M.(403-001 1 53) 310.62 310.62

cABALtDA, GREGORIO A.(403-000655) 36t.33 361.33

cABALLERO, ALAN A.(403-000237) l 3,554.68 r 3.554.68

cABANAc. RoSANNA VICENTA T.(403-000277) 57.832.64 57,832.64

cABARRUBIAS, HELEN P.(403-00 I 143) 153.16 153. l6

CABARRUBIAS, STANLEY V(403-OO I 39 I ) 785.29 785.29

cABASE, MARCELINO N.(403-000739) 290.35 290.35

cABo, LAURENTINO C.(403-000286) 8,876.68 8,876.68

cABURNAY, ALEX N.(403-000385) 170.65 t70.65

CADTGAL, SIMVIN R(40340 I 55 l) 8,457.1 I 8,457. I l

cAGALAWAN, CHRISTOPHER N.(403-001 260) 2,932.7s 2,932.',|s

cAGUTMBAGA, SANDJIB L.(403-000933) t,460.38 1,460.38

CAHAYAC, OLMR J(403-00 I 609) t93.32 t93.32

CAHUCOM, ROMMEL JOHN L.(403{01277) 279.57 219.57

cAL, RENEL M.(403-000346) I |,3 t7 .44 |,317.44

cALATRAVA, KRTSTINE 0(403-00 t 526) 240.58 240.58

Davao City Water District, Davao City Page 106 NOTES TO FINAITCIAL STATEMENTS

Name of Creditors Amount Less thrn 30 31- 90 9r- 36s Over I (in alphabetical order) Balance days days days Year

cALIDA, TRrXY l(403-001574) 298.94 298.94

cALLA, PERCTVAL F.(403-oo lo06) 566.35 566.35

CALLEDO, BERNARDO P.(403-OOO4 I I ) 400.00 400.00

cALLORA, EDCARDO JR F(403-00 l 572) 9,396.48 9,396.48

cALUNOD. RODEL N(403-00 r 545) 5,717.06 5,717.06

cAMUS, REY ALBERT E(403-00129r) 29t.',t1 29t.77

cANDtA, CARLITO A.(403-0005 I 9) I 7 1.80 171.80

cANDONES, RrCO T.(403-000960) 3,470.00 3,470.00

cANEDA, NOE C.(403-000789) 5.399.54 5,399.54

cAPtLt, ROWENA D.(403-000745) 10,011.00 t0,0 t I .00

cAPOTE, EDDrE B(403-001490) t,336.42 t,336.42

cAPUTE, JONAS .(403400873) 438.62 438.62

cARO, NOEL L.(403-ooo557) 3,000.00 3,000.00

CARPE, WENLY O.(403-00 I 328) I,286,20 I,286.20

cARPro, MARTSSA G.(403-000532) 2,000.00 2,000.00

cASABUENA, STEVE D.(403-000823) 446.28 446.28

cASENAS, JOENARD S.(403-oo I 566) 9,290.58 I,197.99 1,O92.59

cASTANAS, JONATHAN q40340 I 543) 4,94t.63 4,94t.63

cASTRO, DANILO C.(403-000428) 10,000.00 10,000.00

CATADMAN, RANGIE S.(403-001 186) 2,346.02 2,346.02

cATALYA, CENERYL D.(403-000666) 326.22 326.22

CATOG, RYAN ROMAN M(403{01365) 78.33 78.33

cATRE, DELLO C.(403-000334) 4,085.00 4,085.00

cATULONG, ROMIL B.(403-000694) I 3.583.28 I 3,583.28

cEDEilO, JUNELL KEN C(4o340t 5S0) 5 t3,20 5 t3.20

cELOZAR, BLAS V.(403-000610) s43.00 543.00

cENITA, CHERIE MAY P(403-001293) I,916.45 I,916.45

cENrzA, ALEXANDER L.(403-000997) 380.58 380.58

cENTINALES, SILVINO I.(403-0005 I 8) 4,680,40 4,680.40

CERNA, RONNIE D.(403-000703) 42.27 42.27

cHAVEZ, ROSE MARIE G(403-001634) 600 00 600.00

cHAVEZ, RUTH AGNES G.(403400368) t5,246.72 t5,246.72

cHrEw, NoLITO M.(403-000?72) 140.90 140.90

ctMAFRANCA, MARCOS M.(403-0007 I 0) 93.93 93.93

cTMAGALA, NOEL M.(403-00 1095) 23.79 23.79

cLARION, ALPE A.(403{01034) 35t.26 35t.26 't4.9t cLEMENTE. JOSEPH I(403-00 1602) 74.91

CLENUAR, ARIEL M.(403-000905) 205.43 20s.43

coLE, JULIUS L.(403-00 1249) 25.46 25.46

coLoMA, JAMES AQUILINO M.(403-000524) 4,405.00 4,405.00

Davao City Water District, Davao City Page 107 NOTES TO F'INANCIAL STATEMENTS

Nemc of Creditors Amount Less than 30 3r- 90 9r- 365 Over I (in alphabetical order) Balance days days days Yeer

coLoscos, LAvENDER JESAH A(403-00 I 593) 286.58 286.58

coMBINIDO, REY M.(403-001556) 7,738.26 7,738.26

coMIA, NOMTNARDO B.(403-000086) 2,978.83 2,978.83

coNANAN, VANESSA R V.(403-000874) 1,0t8.00 t,018.00

coNCHA, APRrL A(403401392) 275.88 275.88

coNSTANCTO, RENE P.(403-000642) t3't.12 t37.t2

coQUrLLA, REY B (403-000860) t,51t.33 t.5 n.33

coRDERO, ERrK E(403-00 | 637) 7.552.25 7 ,5s2.25

DACANAY, BERNADETTE A.(403-000244 ) 3 r,465.5 I 3 t,465.5 I

DAGUIDOR, MARVIN S.(403-00 r433) 229.27 229.27

DALISAY, AMAURE DEMARMOSER D.(403400245) 10,000.00 t0,000.00

DALOCDOG, ROSSTE JANE L.(403-001483) 3 I 2.89 312.89

DATAYA, ABDUL M.(403-138-904-199 VAT) r.963.00 1,963.00

DAYRTT, ALBERT U.(403-00093r ) 866.04 866.04

DAYRIT-GEMPES, GEA P.(403-001 I 45) 4,500.00 4,500.00

DAYUPAY, OSCAR JR V.(403-001405) 205.80 205.80

DE LEON, GEANALYN B.(403-00l t89) 84 l. l4 84 l. l4

DEFENtO, MTLANIMFA M.(403{0078 I ) 1 5,284. 1 0 I 5,284. I 0

DEGUTTERREZ, RODEL D(403-00 l 554) 8,470.26 8,470.26

DEL MUNDO, ALEXANDER JR H(403-001444) 28.87 28.87

DELA CRUz, OSCAR C.(403-000397) 23.960.00 23.960.00

DELA CRUZ, ROMULO D.(403-000131) 5,000.00 5,000.00

DELALAMON, RONALD A.(403-000930) |,652.34 I,652.34

DELIMA, BERNARDO D.(403-00 I 168) 34, I 69.59 34, t69.59

DELINO. JEANNETTE CARLOTA M.(403-000160) 2,400.00 2,400.00

DELOS REYES, ROBERTO S.(403-00058 I ) 50,3 14.00 50,3 14.00

DEMAFELTZ, HAROLD S.(403-00 l0 l4) 290.47 290.47

DEOCAMPO-GALDO, MAY LISSA G.(403401 104) 512.37 512.37

DESCALLAR, RUEL D.(403-00 I 435) 230.63 230.63

DtGAL, GESEAH MAE A.(403-ool32l) I,063.93 1,063.93

DTMALANTA. ELMER P.(403-000737) 5,500.00 5,500.00

DIZON, ARTHUR T.(403-0oo I 87) I 0,000.00 10,000.00

DOLENDO, FRANKLIN L.(403-0002E4) 3,628.00 3.628.00

DOLTNO, RENE M-(403-0ol062) 26t.74 26t.'t4

DONGALLO, JUHN C(40340l 289) 325.99 325.99

DUHAYLUNGSOD, JOVANA CRESTA T.(403-001341) 96.60 96.60

DUNLAO, JEAN L.(403-00054 I ) 2.00 2.00

EBERO, PAQUTTO C.(403-00007 I ) 2t,z|.50 21,21t.50

EDULLANTES, SOTERO L.(403-00092 I ) t;19't .20 1,797.20

ELECCION, GUARINO B.(403-000675) 283.26 283.26

Davao City Water District, Davao City Page 108 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount [,ess than 30 3l- 90 9l- 365 Ovcr I (in alphabetical order) Balance days deys days Year

ENRTQUE, REYNALD B.(403400548) 8,385.50 8,385.50

ERrA, NESTOR 8.(403-000477) 140.90 140.90

ESCUDERO, REDANTE A(403-00 t600) 367.39 367.39

ESTABTLLO, ARN0LD R(403-00 I 485) 3 I 6.02 316.02

ESTANDARTE, KRTSTAL JOy T(403-00 I 503) 422.60 422.60

ESTO, CARLO B.(403-000966) 336.22 336.22

ESTO, EDUARD C.(403-00091 7) 134.62 134.62

ESTORBA, ARNOLD C.(403-000857) 314.91 314.9t

ESTRELLADO, FROTLAN P.(403-000920) 6,600.00 6,600.00

EVANGELIO, JAMES RODERICK D(403{0 I 339) 477.02 477.02

FAJARDO, ELITO C(403-00 1344) 2,t04.04 2,104.04

FARAiTAL, NORIEL KENT L.(403-001 s r2) 748.35 748.3s

FERNANDEZ, ALEJO C.(403{00882) 283.89 283.89

FEROLTNO, JOHN LESTER NOEL D(403-001501) 425.29 425.29

FRANCTSCO, JOAN T.(403-00 147 l ) t99.62 t99.62

FRESCO, MARIE GOLD M(403-001552) 373.s9 313.s9

FRONES, GERRY P.(403{00866) 2,691.57 2,69t.57

GABATO, JOHN ART G(403-001343) 279.76 279.76

GABRINEZ, MONROE P(403-001462) 359.99 359.99

GADtA, TERESITA T.(403-000278) 7,500.00 7,500.00

GALLEGO, TREPHON CARLOS L(403-00 r629) 7,9t6.07 7,916.0',1

GAMBONG, DTOSDADO M.(403-000492 ) t70.52 170.52

GANAPTN, SHYAN PARTOSA(403-00 1254) 2,421.45 2,42t.45

GANTALA, ARGTLYNN L.(403-00 I 200) 600.00 600.00

GANTES, JIMMY P(403-OO I 59I) 8,220.92 8,220.92

GANZON, REYMOND E(403{o 1633) 80 1.66 801.66

GARCTA, DTONESTO JR R(403-001506) 2.4',1 2.47

GARCIA, LENNY S(403-00 I 60?) 47.64 47.64 GARCIA.DELA CRUZ, JAMAE CONCEPCION R(403- I,624.32 1,624.32 0015 l0) GARIO, PEPITO JR. A.(403.001 127) 409.29 409.29

GARRTDO, BERNIE T(403{0 r 548) 268.39 268.39

GAYDA, GERALD C(403-00 l 375) 80.24 80.24

GECALE, FERDINAND BLAIRE M(403.00I595) 564.t4 564.14

cEMENTTZA, LUCIANO A.(403-00 1452) r00.00 100.00

cENTALLAN, IAN JAMES D.(403-000843) 8,4 t4.34 8,4 r4.34

GERALDO, LEO RHEY M.(403-000852) 5,000.00 5,000.00

GEROY, MARY JHANEL B(403-ool568) 692.54 692.s4

GILLA, HAROLD DEXTER C(403-001377) 3,081.01 3.08 L0I

GOLOSTNO, TLUMTNADO S.(4034003 I 5) 10,000.00 10,000.00

GOMEZ, ROMEO C.(403-000742) 134.6t 134.6 l

Davao City Water District, Davao City Page 109 NOTES TO FINANCIAL STATEMENTS

'Namc of Crcditors Amount Lcss thrn 30 3l- 90 9r- 365 Ovcr I (in alphebcticel order) Balance days deys days Yeer

GONTDA, JAMES T.(403{00977) '19.387.66 't9,387.66

GRECIA, ANJI LAURA A.(403-001334) 4,000,00 4,000.00

CUARDE, CHRISTINE S,(4O3.OOI I40) 403.32 403 32

GUERRA, GTLBERTO B.(403-000894) 292.93 292.93

GUERRA, GREGORIO JR. M.(403-000744) 368.06 368.06

GUERRA, JOSE P.(403{0066r) 320.69 320.69

GUIBERNAS, JOEY L.(403-00 I 562) 4,2'71 .49 4,2'il.49

GUTBONE, ANNA LON L.(403-ool36r) 2,360.52 2,360.52

GULAM, ZULHAMBRE T(4O3.OO I603) 482.24 482.24

GULTTANO, RAYMUND S.(403-00 I 493) |, I 34.06 I, I 34.06

GUNTtNC, MANUELTTO A.(403-00071 l) 306. l6 306. l6

GUNTtNG, PEDRO C.(403-000577) 4,1 10. l5 4,110.15

GUTANC, EDGARDO L.(403-000680) 164.88 164.88

HALASAN-VILLANUEVA, LOUISE MAY V.(403-00 I 192) 4,500.00 4,500.00

HIDALGO, CHERRY GAY J.(403-00 I 099) 403.32 401.32

HIPONA, RONA CLATRE D(403401459) 254.40 254.40

HOMEZ, EXEQUIEL B.(403-000056) r 7,000.00 I 7,000.00

HUSAIN, HTLTON P.(403-ool 144) 17,000.00 r 7.000.00

IBANEZ, GLENDA D.(4ol-00 I 304) 600.00 600.00

IBANEZ, MAVIS JOY C(403-ool592) 356.95 356.95

IGNACIO, LEOPOLDO M.(403-000755) 7;t64.86 7,764.86

IMAN, REYNANTE N.(403-000938) 3,1 10.60 3, I 10.60

IRTNEO-LIMOS, ROWENA O.(403-00 I 267) 2t2.0s 2t2.05

JABAJAB, FRANCISCO B.(403-000424) 4,837.t4 4,837. I4

JABILE, RAUL A.(403-000379) 10,000.00 10,000.00

JABINES, RUTH G.(403-000528) 34,0 I 3.64 34,0 I 3.64

JACINTO, MA. LUISA L.(403-l3l-359-744 VAT) 40,434.04 40,434.04

JALANDONI, KHRISTINE JOY F.(403-00 t480) 175.22 t75.22

JALANDONI, PRECELYN Q(403-00 I 587) 655.27 655.27

JAPAY, VERA RUTH 4(403-001601) t1t.97 11t.97

JAVIER, CHRISTIAN D(403-001 575) 2,642.7t 2,642.7 t

JAVIER, SAMSON JR. M.(403-000372) 2,720.59 2,120.59

JAYME. NARISA A.(403-OO I245) t.2 t6.48 t,2 16.48

JTMENEZ, GTLBERT S(403-00 1422) 342.94 342.94

JUANGA, ZIUS A.(403-00 1026) 330.25 330.25

JUMAWAN, RONALYN T.(403-0ol 5 I 5) 363.28 363.28

JURILLA, PATRICIA G(403-OO I288) 64.23 64.23

LABAGALA, EDGAR OCTAVIOS G.(403-000915) 2,t92.65 2,t92.65

LABUSTRO, THADEUS J.(403-ool 195) I,t9t.49 |, l9 1.49

LADERA, ABNER C(40340 I 535) 2,352.0'.1 2,352.01

Davao City Water District, Davao City Page 1 l0 NOTES TO FINANCIAL STATEMENTS

Neme of Creditors Amount Less than 30 3l- 90 91- 365 Over I (in alphabetical order) Balance days days days Yerr

LAGUESMA, ALLAN VICTOR L.(403-000275) t0,000.00 I 0.000.00

LAGURIN, MELQUIADES C.(403{00552) 8,640.48 8,640.48

LAMBAC, JULTUS B.(403-00 I4 lo) 550.29 550.29

LAMOSTE, ELEANOR R.(403-ooo289) 600.00 600.00

LAPE, ROMEO SALVADOR S.(403-000375) 24,680.38 24,680.3E

LAURENTE, CHRISTIAN l(403-00 I 537) 350.0 I 350.0 l

LEDUNA, ATELANO Z.(403-000466) 25, I 58.00 25,158.00

LECASPT, NOEL G.(403-000529) t7,8t6.25 l't,816.25

LEOPARDAS, JOEY B.(403-001570) 579.90 579.90

LEYVA, GTLBERT ROY C.(403-001058) 2,4 r 3.01 2.413.01

LIBANG, ANNA MAE P(403-001635) 600.00 600.00

LLANERA, BIENVENIDO D.(403-00 l4 l4) 495.58 495.58

LLANOS, ROMEORICO A.(403-000370) 30,492.00 30,492.00

LLANTO. WTFREDO M(403-o0l380) 2,341.48 2,347.48

LLAVE. MARCHESSA CORAZON S(403-001477) I,t83.15 r,1 83. 1 5

LLENADO. ISMAEL L.(403-00037 I ) |;157 .4s |.757 .45

LLOREN, JASPER D(403-001499) I 6,344.E4 I 6,344.84

LLORIN, ERWIN C(403-oo I 594) 431.07 431 .07

LOPEZ, EDCAR M(403-0ol406) I t.59 I t.59

LORENZO, ARMAN SR. N.(403-000622) 359.09 359.09

LORTA, PERCIVAL JR. D.(403{00733) 44.7 t 44.1t

LUCENA, RENEA EVE J(403401464) 843.78 843.78

LUMANAO, SAMUEL JR R(403-001598) 289.04 289.04

LUPO, OL-BOB P.(403-001333) 41.75 41.75

MACADANGDANG, LESTER JOHN B(403-001538) 324.8 | 324.8 I

MACATUAL, KAY M.(403-oo l32o) I,087.69 I,08?.69

MACATUMBAS. .{LVIN R.(403401 172) 10,000.00 10,000.00

MADENANCIL, JAYSON H.(403-001097) 4,720.95 4,720.95

MADRAZO, ELISA C,(403-0004 l6) t.500.00 1,500.00

MACALLANES, LEONARDO T(403{01608) 19.4't t9.47

MAGARTN, ROMEO R.(403{002 l2) I r,436.78 I I,436.78

I 8,000.00 MACNAYE, MARILYN G.(403-0004 I 7) I 8.000 00 0.30 MAGNO, MARIFE Q.(403-001400) 0.30

MAGSUCI, IMELDA T.(403{00239) I 15,581.57 I I 5,58 r.57

MAGSUCI, NOEL P.(403-000290) 600.00 600.00 266.09 MAGTTBAY, ROMMEL T(403-oo I 347) 266.09

MAISO, FRANCISCO G.(403{00384) 959.86 959.86

MALAKI, DANIEL C(403-001628) 4,250.82 4,250.82 74.33 MALANG, ARNOLD D(403-00 1450) 74.33

MALAZARTE, MAUREEN F.(403401213) 308.84 308.84

Davao City Water District, Davao City Page lll NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount [,ess than 30 3l- 90 9l- 365 Over (in rlphabetical order) I Balance days days days Ycar MALNEGRO, ERNrE 4.(403_00 1086) 8,829.92 8,829.92 MANAMBTD, ArLYN r(403-00t 5s4) 3t7.90 3t7.90 MANGUIOB, GABRIEL B.(403-0008s0) 298.69 298.69 MANINGO, DENNIS A.(403-000932) I t,637 .25 n,637.25 MANTNGO, RODOLFO JR 4(403_001573) 3,267.03 3,267.03 MANTILLA, JOHN F.(403-001046) t60. I 3 160. I 3 MANZANO, EDJEAN p.(403_001399) FRANCES 2,992.90 2,992.90 MANZANO, JONATHAN .(40340 I 247) 322.O2 322.02 MAPA, ROY M(403-001389) 30.08 30.08 MARABILES, ARVTN 0.(403{00452) 234.95 234.95 MARALTT, NELSON V.(403-000224) 16,396,52 t6,396.52 MARANON, JESSICA G.(403-00 I 23 I ) 87.50 87.50 MARGATE, DEXTER 8(403-00 r6 I 2) 84.04 84.04 MARQUEZ, JUDTTH P.(403-000702) 5,000.00 5,000.00 MARTIN, LEIFF J.(403{00846) 306.9t 306.91 MARUHOM, JOHNWYN C(403-00 I 5?6) 97 t.04 97 t.04

MASPTfr AS, HYDrE R.(403-00029 r ) 30,404.00 30,404.00

MATURAN, SEcUNDO JR. R.(403-000607) 144.38 144.38

MAXINO, LORNA M.(403{00460) 18,000.00 18,000.00

MAYLAS, REYNANTE R.(403{00526) 6,03 t .32 6,03t.32

MEDRANO, KrM V.(403-00 1346) 376.03 376.03

MERCADAL, BRANDLY JENSEN B(403-OOI54O) 742.14 742.t4

MINDO, RANDY .(403-001239) 242.12 242.12

MIRANDA, ANTHONY D.(403{00355) t0,000.00 t0,000.00

MONATO. rAN K(403-00r 544) 13,833. r5 I 3,833. l5

MONJE, MARIA EDTTHA C.(403-000294) t0,443.43 r 0,443.43

MONTAiTA, NOEL C.(403{00054) 22.380.61 22,380.61

MONTANER, LEO V.(403-000693) t. r 84.34 I, I 84.34

MONTES, VTRGIL L.(403-000858) 9,087.99 9,081.99

MONUNGOLH, GUILLER T(403{0 I 539) 240.32 240.32

MORALA, OLTVER T(403-00 1388) 2,932.94 2,932.94

MORALES, CHERIE MAy E.(403-001 165) 6,074.82 6,074.82

MORALES, NORBEL M(403-00 I 348) 31.45 31.45

MUNOZ, RONALD A.(403-00045?) I 1,065.00 I 1,065.00

MUYALDE, RENE S.(403-000657) 731.60 73t.60

NAKTLAN, BOBBY R.(403-000884) 2,0s2.27 2,O52.27

NARANJO, BELTNDA C.(403-00 1 177) 337.29 337.29

NENERTA, DANTLO C.(403{00788) 13,5 I 9.06 I 3,5 19.06

NrDEA JOSEPH V.(403-000476) n,960.29 11,960.29

NOBLE, ARIEL L.(403-00044 I ) 21,s22.66 2t,522.66

Davao City Water District, Davao City Page I l2 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount Less than 30 3l- 90 9l- 365 Over I (in rlphrbctica! order) Balance days deys days Yeer

NOCOS, ANECTTO JR. A.(403-000596) 325.66 325.66

NORIEGA, ADELAIDA M.(403-000057) 10,000.00 10,000.00

NOYA, RAY JUNE R.(403-ool 179) 586.81 586.8 I

oBEDA, NOCHELTTA T.(403-00 1064) 300.00 300.00

oDcHrMAR, ERNEST WILLIAM C.(403-00 I 367) 368. r0 368.10

oGATtLLO, JUNREY 8(403-00 l606) 84.04 84.04

oLAER, DELIO SF.. T.(403-000347) 32,448. l8 32,448. I 8

oLARTE, JESSEBEL .(403-00 I 227) 4,073.15 4,073.t5

oMAMBAT, MICHAEL P.(403-00 156 I ) 360.83 360.83

oMANA, JODIE LIZA 5(403-0015 t7) 299.50 299.50

oNDANGAN, SENADO JR. A.(401-0006 I 2) 1.90 t.90

oNEZ, FLORENTTO A.(403-oo050l ) 7 t7 .13 1 t1 .t3

oNGCAY, JEAH DAWN M.(403-001508) l,002.88 t,002.88

oNITA, NORATO T.(403-0004 l5) 30.000.00 30,000.00

oRAPA, ESTELO D.(403-00 1205) 88.83 88.83

oRCULLO, FEDERICO A.(403-000988) 28.24 28.24

ouANo, RAIsA ANN MARIE C.(403-001072) 178.00 178.00

PACATANG, ANNE MARIE P.(403-00 1 109) 2,5t4.94 2,5t4.94

PAGATPAT, JAN ALBERT P(403{0I395) 480. l9 480.t9

PAGUTCAN, SEAN Q(403-00 l47s) 2,519.62 2,5t9.62

PALACIO, JOSEPH P.(403-ooo508) 2,883.64 2,883.64

PALANCA, ROBERTO D.(403-000264) t3,797.t2 t3;19't.t2

PALEC, KRISTINA CASSANDRA A-(40340I498) 1,746.98 I,746.98

PALMES, WALTER S.(403-001050) 105.3 | 105.31

PALOMA, PETER L.(403-000489) I,177 .2'1 |,177 .27

PANES. RODANTE B.(403-000837) 7,535.40 7,535.40

PARAMT, SANDY 8(403-00 1345) 336.80 336.80

PARAN, JEFREY A(403-00 I 586) 409.33 409.33

PASA, ALAN B(403401504) 14,5 I l. l2 l4,5ll.l2

PASAOL, ANGELITO M.(403-00 1 193) 120.25 t20.25

pAsuMBAL, JOSELITO G.(403-0004i7) I,339.00 1,339.00

PATAC, RODEL T(403-001 555) 10,209.88 10,209.88

PATAL, APRIL CRIZALDO(403-00 I 384) 174.22 t74.22

PATAL, LEMUEL C(403-00 1390) 3 t4.E0 314.80

PATAYON, KAREN JOY D(403-ool3o3) 282.91 282.91

PECHARDO, LAURENZ JOHN S.(403-00 1438) t,08'1.67 1,087.67

PEDIDA, REYNALDO G.(403-000269) 6,265.27 6,265.2',1

PELARE, ROBERTO B.(40340 t 349) 373.25 3't3.25 0.30 PEfr ERO, JOVERHERANDIO S.(403{00948) 36.45 36. t5

PEPE, JUNIE T.(403-000752) |,9t t.73 t9n.73

Davao City Water District, Davao City Page I l3 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount Less than 30 3r-m 9l- 36s Over I (in elphebctical ordcr) Balance days deys deys Ycer

PEREZ, ARrS M.(403-oo l2o3) 321.05 32t.Os

PERGIS, GENARO JR. Q.(403-000698) 296.09 296.09

pETALCORIN, REYNALDO M.(403-000304) I 8,526.00 18,526.00

pTELAGO, JUSTTNE MARIE G(403-001577) 376.63 376.63

PIOC, MARK GIL 8(403-001597) 475.88 475.88

PODADOR, JOMTEL C.(40340 1482) I 5,283. I 5 15.283. l5

POLIiIO, BRENDHEL C(403-00 l 53 l ) 666.34 666.34

PONTEVEDRA, STELLA MARIE R.(403-0015 l6) 723.30 723.30

PORAZO, JOBI AMOUR B(403-ool 580) 0.30 0.30

PORTULAZO, RUBY L(403-00 I 368) 269.25 269.25

POSADAS, STELLA A.(403-000285) 800.00 800.00

QUESADA, JENNIFER l(403-00 I 248) 615.99 615.ry

QUILAB, ODESSA M(403-00 I 5 l4) 83.93 83.93

QUTNIO, NELVA A.(403-001457) 3 I 8.29 318.29

QUTNTO, REYMUNDO C.(403400091 ) 3,910.89 3,9 10.89

RAFALES, REINARIO JR U403{01409) 7,402.09 7,402.09

RAMOS, MA. CRISTINA E(403-001387) 3,497.69 3,497.69

RAMOS, PEDRO JR. D.(403-000072) 3,262.50 3,262.50

RASCO, ALICE S.(403-000302) 448.00 448.00

RASUMAN, JERIK,q, EVAN F.(403-0014 I 8) 540.04 540.04

REGALADO, EDWIN V.(403-000 I 58) 35 I,654.5 I 351,654.51

RELATM, LEONARDO JR M.(403-001558) 1,595.44 7,s95.44

REPOLIDO, RONALD S.(403-00088 I ) t48.5 t t48.5 I

REYES, RENAN .(403-ool237) 376.53 376.53

REYES, ROMULO A.(403-000400) 4,934.35 4,934.35

RICONALLA, JOELITO P.(403-0005?3) 557.50 557.50

5,000.00 RrN, JULIANO J.(40340014 I ) 5.000.00

RrsoNAR, MARCOS ARTHUR G.(403-001412) 3,905. l6 3,m5.t6

RrvERA, ARNOLD C(403-001366) 356.6 I 356.61

RIZON, FRANCIS R.(403-000562) 22,903.18 22,903.t8

RrzoN, MABEL V.(403-000695) 600 00 600.00

RODRIGUEZ, ALFRED S.(403-00 149 I ) 3'15.24 375.24

ROMARES, TEODULO S.(403-000408) 3,935.54 3,935.54

RONQUTLLO, MARLYN L.(403-00031 l) I 2,645,50 t2,645.50

ROQUE, IRISH JOY A(403-001589) 347.9't 347.97

ROSALES, NATHANIEL D(403-00 I 360) 3,590.63 3,590.63

ROXAS, FERNANDO G.(403{00597) r 2,850.00 r 2,850.00

RULONA, JIMMY LOED B(403.00I393) 884.94 884.94

SADIA, MARIO G.(403-000616) I 70.65 170.65

SALES, ALLEN JAY D(403401431) 3,149.3 t 3, I 49.1 I

Davao City Water District, Davao City Page l14 NOTES TO FINANCIAL STATEMENTS

Nemc of Crcditors Amount Less than 30 3r- 90 9l- 365 Ovcr I (in elphabetical order) Brlance days days deys Ycar

SALTNAS, HERRIE C(403{0 r 33 l ) 5l l. l8 5ll.t8

SALSE, LEONARDO L.(403-000599) 958.79 958.79

SALVADOR, JENNIFER R(403-00 I 636) 600.00 600.00

SANAMIN, EMMANUEL N(403-00 l3 I I ) 3,501.93 3,50 1.93

SANCHEZ, DANTLO A.(403-000 I 62) 7,408.45 7,408.45

SANCHEZ, ROCER S.(403-00053 r ) t70.96 I 70.96

sANlEL, LULYN C.(403-000560) 52, I 63.00 52, I 63.00

SANTIAGO, RAPHAEL P(403-oor 359) t,666.43 I,666.43

SAQUILAYAN, DANILO A.(403-000309) 4;136.92 4,736.92

SARABtA, ARNOLD P.(403{00669) 22,900.00 22,900.00

SARABOSING, GLENDA C(403-00 1278) 2,500.00 2,500.00

SAROMINES, JONATHAN A(403-001 553) 4,903.44 4,903.44

SATOR, JATRUS SHEM J(403-001675) 600.00 600.00

SAYSON, GERALD C.(403-000809) 296.09 296.09

SEMTLLA, HARA KRTSNA E.(403-00 I 567) 4',t6.2t 416.21

SENIO, SONNY S.(403-ool3o2) 264.98 264.98

SERDONCILLO, ROMEO O.(403-000464) 4,000.00 4,000.00

SEROJANO, TSAGANI P.(403-00 l0 l9) 69.79 69.79

SERVILLON, KAREN ANNE .(403-00 1225) 300.00 300.00

stcAo, RoLAN B(403-oo 1372) 712.17 7t2.17

srLvERIO, DERRICK A.(403-001 138) I 5.34 I 5.34

SIMBULAS. ORLANDO C,(403.000795) 8,602. r3 8,602. r 3

soLAMO, SHERWIN S.(403-000662) 734.98 134.98

soLANoY, NANCY JOYCE M.(403-000978) t0,000.00 10,000.00

SoQUISO. JACINTO JR Q(403-001352) 56.48 56.48

SoRIANO, JOEL D(403-00 I 546) 4,374.73 4,374.71

suAREZ, JANIEL C.(403-000794) 309.60 309.60

suNGA, GLEZILDA D.(403400897) 16,599.00 16,599.00

suRIBA, ANITA S.(403-ooo203) 10,000.00 I 0,000.00

TACBIL, VIOLA MARES 4(403-00161l) 22.72 22.72

TAGAB, JENNY S(403-0016 I 3) 33.34 33.34

TAGALOG, DANILO B.(403400482) I r,022.80 I 1,022.80

TAGUTAM, EDGAR L.(403-000632 ) 331.79 331.79

TALAMO, DOLPEDIO H.(403-000444) 105.89 I 05.89

TALEON, ELTEZER T.(403-000292) r0,000.00 r0,000.00

TAMAYO, ARMAND M.(403-00 I 159) 83.23 83.23

TAN. MATT RONALD B.(403-000775) 5,002.0 I 5,002.01

TAYO, EDI LBERTO P.(403-000296) 5.208.88 5,208.88

TECSON, EDGARDO C.(403-000822) 92.89 92.89

TENIZO, ANTHONY G(403-00 I s49) 365.05 365.05

Davao City Water District, Davao City Page l15 NOTES TO FINANCIAL STATEMENTS

Name of Creditors Amount Lcss then 30 3r- 90 9l- 36s Ovcr I (in elphabcticel ordcr) Belence drys days deys Year

TEVES, JOEY P.(403-00 I 06 I ) t4,344.34 t4,344.34

TUOL, ARNIEL M.(403-000992) 276.99 276.99

TIMBAD, FERDINAND O.(403{00504) 866.40 866.40

TONDO, MEDELITO C.(403-000676) 230,93 230.93

TORRES, MARY ANN L(403-001582) 575.38 575.38

TRINTDAD, JOHN J.(403-000609) l3,l 15.62 l3,t t5.62

TROCTO, JrMMY A.(403{00470) 6.48 6.48

TRUMATA, r-OVEN J.(403-00 l 588) 480.5 I 480.5 I

TUAZON, ROLANDO L.(403{0040 I ) 29,457.24 29,457.24

TUBTLAN, CORAZON 4.(403-000 I 00) 10,t06.13 1 0,1 06. 13

TUMANDA, RICHARD D.(403-00097 | ) t9,745.00 I 9,745.00

UDARBE, ALBERTO L.(403-000598) t57.32 157.32

UTBO, ALAN 4.(403-001 182) 27.05 21.05

uY, BRIAN 0(403{01523) 630.'ts 630.75

uY, SHERWTN GTQVANNI C.(403-000834) I ?0.65 170.65

vALDEZ, CESAR C.(403-000282) l0,lll.23 t0,l I 1.23

vALENCIA, RIZAL A.(403-000420) 3,082.72 3,082.12

vALENTIN, CHARMATNE P(403-00 I 279) 3,422.03 3,422.03

VALLECER, GILBERT R.(403-OOI065) 258.32 258.32

vELEZ, RICHARD R.(403-001 276) 4,660.04 4,660.04

vELOSO-CACATTN, JADE G.(403-000945) 84.74 84.74

vERANO, ERrC A.(403-ooo792) 7, I 84.85 7, I 84.85

vERANO, SAMSON E.(403-000594) 3,594.00 3,594.00

vtcENTE, ARLO L(403-00 1699) 450.00 450.00

vtcToRrANo, JoSHUA M(403-00 I 596) 289.t4 2E9.14

vtLLALVZ, WILFREDO JR C(403-001 502) 14,823.6 I t4,823.61

vTLLARAZA, RYANNEL E(403-00 I 605) 47.64 47.64

vtLLEGAS, JERALD F.(403-00 l4s6) 2t7.19 217.t9

vtRADOR, CRISPINA B.(40340086 I ) 4,000.00 4,000.00

vosoTRos, SYLVIA MAY L.(403-001338) 8,4t6.74 8,4t6.74

woN, RoMULO V.(403-000271) 10,000.00 10,000.00

YABO, EDWrN Q.(403-o0l3o7) 284.42 284.42

YBANEZ, JOHN PAUL C.(403-001055) t5.29 t5.29

YBAIiIEZ, MAE ANN T(403{0I585) 307.23 30't.23

YTING, DANILO N.(403-oo I 102) 4,058. l4 4,058. t4

zABATE, KRISTINE B.(403-00 1453) 550.4 I 550.4 I TOTAL 3337389.78 2958,212.00 0.00 363984.20 t5,193.58

Davao City Water District, Davao City Page l16 NOTES TO FINANCIAL STATEMENTS

14. Inter - Agency Payables

This account can be broken down as follows:

2016 2015 Due to BIR 22,249,409.42 19,117,907.45 Due to GSIS 4,610,907.37 4,534,361.34 Due to PAG-IBIG 939,907.33 989,526.20 Due to PHILHEALTH 323,400.47 300,000.00 Due to Other GOCCs 0.00 129 .26 Total

15. Other Liability Accounts

This account can be broken down as follows:

2016 2015 Guaranty Deposits Payable 61,817,012.96 38,817,572.22 Performance/B idders/Bai I Bonds Payable 7,193,053.77 9,109,659.43 Other Pa 29 .79

Total 1 .44

Guaranty Deposits Payable includes customers mainline extension deposits and retention on contract payments.

Retention on Contract Payments pertains to the amount withheld from the payments to the contractors to assure fulfillment of their contracts.

Other payables include remittances to DCWD-Coop and Union; and the Current Portion of Long Term Debt to LWUA and the Philippine National Bank, which was previously named Allied Bank Corporation.

16. Long-Term Liabilities

This account consists of the following:

2016 2015 Loans Domestic 839 7 906.00 Total 839 7

Davao City Water District, Davao City Page ll7 NOTES TO FINANCIAL STATEMENTS

Details of Loans payable are as follows:

Local Water I 993 Utilities Administration l-044 8.20% 20 yrs 94,000,000 9,504,s30.67 r 5,581,076.67 Bank/ nn0/20t0 Philippine National 09s I -03548- 9% l0 yrs 100,000,000 5 36,388,889.07 47,500,000. I s Allied 03105t2014 Philippine 0951 -03s48- National 9% yrs 5 l0 r60,000,000 r I1,628,436.51 129,7t9532.59

04/30t20ts Development Bank of 09t 5- 4.25% 20 yrs the Philippines 010t09-031 600,000,000 524,254,847.11 302,M7,196.59 07t20/2015 Bank of 091 5- 4.00% 20 yrs the 010109-032 2,000,000,000 157,531,5r0.03 0.00 Total 839J08,213.39 494,847906.00

Current on Long Term Total LWUA Loan 6,222,969.00 67 AIlied Bank-CMRP I 727 .67 I l,l I l,l I l.0g 36,388,889.07 47,500,000.15 PNB Calinan Riverside - 9,299,210.09 865.60 74,342,075.69 PNB _ 95 I r0.41 I I 1.32 DBP Matina - 0.00 524,254,947.11 524,254,947.11 DBP - 0.00 157,531,510.03 157,531 10.03 GRAND TOTAL 32,227,399.59 839J08,2r339 971,535,612.97

a) Loan from Local Water Utilities Administration was used for the phase 2 Stage 2 Project.

b) Loan from Allied Bank dated November 10, 2010 was used for the Comprehensive Mainline Replacement program.

c) Loan from Allied Bank dated March 5,2014 was used for the Calinan Riverside and Tigatto-Mandug WSS Expansion project.

d) Loan from Development Bank dated April 30, 2015 was used for the Construction of DCWD Main Office Building in Matina.

Loan e) from Development Bank dated July 20,2015 was used for the Tamugan Surface Water Program.

Davao City Water District, Davao City Page I l8 NOTES TO FINANCIAL STATEMENTS

17. Deferred Credits

This account consists of the following:

l5 Other Deferred Credits 0.00 757 .00 Total 0.00 757

This pertains to the balance of payments by adaptors under the Adopt-a-Site program in the preservation of Mt. Talomo -Lipadas, Malagos and Mt. Tipolog -Tamugan. This was reclassified into Other Payables in2016.

18. Government Equity

This account consists of the following:

2016 I Government Equity Balance at the beginning of period 4,247,664,995.36 3,528,771,395.92 Additions/deductions (67,682,552.18) ( 135,575,994.90) Net (loss lncome for the 780,879,527.97 854.469 ,474.24 Balance at end of the period 4,960,961,961.15 4,247,664,995.36

Donated Capital Balance at the beginning of the period 50,613,211.09 50,613,211.09 Additions deductions) 0.00 0.00 Balance at the end of the period 50,613,211.09 50,613,211.09

Restricted Capital Balance at the beginning of the period 64,983,211.95 5,643,798.85 Additions 63,436,617.40 59,339,419.00 Balance at the end of the period 128,419,935.25 17.8s

5,139,895,007.49 4363261A14il

Details of Donated Capital are as follows:

Davao Metropolitan waterworks & Sewerage System r,s01,061.09 1,501,06r.09

Davao City Water District, Davao City page I 19 NOTES TO FINANCIAL STATEMENTS

2,01s Subdivision Water Systems 49,112,150.00 48,112,150.00 LWUA I I Total

Government Equity consists of the contributions by the Government and other entities.

Details of Restricted Capital are as follows:

2016 2015 Pension and Benefits Reserve 4,829,036.25 4,130,403.g5 Reserve for les .00 14.00 l7

19. General Income Accounts

This account consists of the following:

Service Income 154,610,206.35 l35,7g4,glg.gl Generation, Transmission and Distribution 1,969,441,429.99 Income (Water Sales) 1,856,096,995.79 Other Income 3l 721.99 Total

19.1 Service Income

This account can be broken down as follows:

20 Other Service Income 107,990,749.60 90,593,539.66 Fines and Penalties - Service Income .75 l9l 80.25 Total I

19.1.1 Other Service Income

This account can be broken down as follows:

5 Miscellaneous Service Revenues 12,600,900.00 g,gg l,409.50

Davao City Water District, Davao City Page 120 NOTES TO FINANCIAL STATEMENTS

2016 20t New Service Connection Fee 35,709,500.00 28,150,962.70 Meter Maintenance 59 I 167.46 Total

PerBoard Resolution No. l6'123, an adjustment of fees and amendment on policies of various Commercial Services Department's services was implemented effective July 2016.

New Service Connection :

New Service Fees (Php) (inclusive of 2%o Meter Size Franchise

l3mm J 20mm 2t 25mm 700 40mm 800 50mm l00mm 81,900 l50mm I 200mm 158,600

Reconnection Fee:

New Fees (Php) (inclusive of 2oh Franchise Meter Size Tax) Mechanical EMF l3mm (112") 300 20mm (314") 350 25mm (1") 350 40mm (l I 12" ) 3s0 50mm (2") 500 1,400 l00mm (4") 500 1,400 l50mm (6") 500 1,400 200mm (8") 500 1,400

Davao City Water District, Davao City Page l2l NOTES TO FINANCIAL

Transfer Meter Fee: A.) For l3mm (l/2) Water Connection

of Transfer New Fees lusive of 2o/o Franchise

Connection I 600 T-Connection I Relocate Meter 600 600

B.) For 20mm to 200mm Water Connection:

New Fees (Php) (incl usive of 2olo Franchise T 20mm s00 25mm I 000 40mm I 53,000 5Omm 67 100mm 4 87,s00 l5Omm 6rt tt2 500 200mm 8tt t4

Meter Maintenance Charge:

New Service Fees (Php) (inclusive of 2% Meter Size Franchise Mechanical Meter l3mm U2 25 2Omm 40 25mm I 48 40mm ! tQ) 135 5Omm 230 l00mm 615 l5Omm (6") I 200mm (8") 1,550 E Meter

50mm (2") 2 185 l00mm 000 l5Omm 6 3,000

Davao City Water District, Davao City Page 122 NOTES TO F'INANCIAL STATEMENTS

N, ew S ervtce Fees (Php) (inclusiVE of 2'% Meter Size Fran chise 200mm It 000

Service Call Fee:

Service Charge (php) (Formerly Service Call Fee) 50 of 2o/o Franchise Tax

19.1.2 Fines and Penalties - Service Income

This account can be broken down as follows:

2015 Penalty Charges 46,664,457.75 45,136,390.25 -il Connections 55 Total 46,729,457.75 45,19 ,380.25

19.2 Generation, Transmission and Distribution Income (water Sales)

This account can be broken down as follows:

2016 2015 Metered Sales 1,969,606,709.59 1,856,254,166.36 Metered Sales - Senior Citizen Discount Q38,679.70) (244,415.20) Unmetered Sales 87 144.62 ,5.78

19.3 Other Income

This account can be broken down as follows:

2016 20t5 lnterest Income 30,062,506.70 23,869,131.54 Miscellaneous Income 14,614,796.00 6,271,796.75 Other Fines and Penalties 75.66 793.70 Total 46,669.469.36 1.99

Interest Income refers to interests earned through DCWD's depository banks while, Miscellaneous Income refers to income from DCWD's Regional Tiaining Center, sale of

Davao City Water District, Davao City Page 123 NOTES TO FINANCIAL STATEMENTS

Iaboratory operations, and 19tup, from its Malagos operations. on the other hand, other Fines and Penalties are from Iiquidated damages.

20. GaintLoss Accounts

This account consists of the following:

20t6 2015 Gain/Loss on F J 102.36 Total 2,906.25 3.102.36

21. Personal Services

This account consists of the following:

20 20 5 Salaries and Wages 205,527,432.96 186,750,794.74 Other Compensation 149,250,575.14 146,342,693.63 Personnel Benefi ts Contributions 24,150,650.62 24,079,600.99 Other Personnel Benefits .25 37 750. I s Total 395 I .50

21.1 Salaries and Wages

This account can be broken down as follows:

2015 Salaries and Wages - Regular 162,339,537.19 153,249,050.70 Salaries and Wages - Casual 135,126.81 126,635.51 Salaries and W - Contractual ,768.97 33,3 108.53 Total 205,527,432.96 74

Salaries and wages represent the employees' eamings at a particular period. This is the gross amount before deduction of taxes and other statutory and contractual obligations.

21.2 Other Compensation

This account can be broken down as follows:

2016 5 Personnel Economic Relief Allowance (PERA) 15,031,848.60 15,141,060.75

Davao City Water District, Davao City Page 124 NOTES TO FINANCIAL STATEMENTS

Representation Allowance (RA) 3,202,625.00 3,092,375.00 Transportation Allowance (TA) 3,202,625.00 3,092,375.00 Clothing/Uni form Al lowance 3,362,713.96 3,549,195.56 Other Bonuses and Allowances 64,685,640.93 49,959,040.06 Honoraria 3,401,101.67 4,722,095.27 Overtime and Night Pay 32,505,693.51 27,729,331.61 Cash Gift 6,293,710.00 17,959,655.00 Year End Bonus t7 19 2t 5s.38 Total

Other compensation includes allowances, overtime pay and other bonuses granted to employees during a particular period.

21.3 Personnel Benefits Contributions

This account can be broken down as follows

2016 5 Life and Retirement Insurance Contributions 19,567,241.13 18,465,700.62 PAG-IBIG Contributions 2,007,194.49 3,077,724.20 PHILHEALTH Contributions 1,922,525.00 1,777,976,16 ECC Contributions 700.00 758 00.00 Total

Personnel Benefits Contribution are statutory and contractual obligations. This represents thb government/emp loyer counterpart.

21.4 Other Personnel Benefits

This account can be broken down as follows:

2016 20t5 Other Personnel Benefits .25 37 750. I 5 Total .25 37 l5

Other personnel benefits are allowances given to employees as part of the Collective Negotiation A greement (CNA).

22. Maintenance and Other Operating Expenses

This account consists of the following:

Davao City Water District, Davao City Page 125 NOTES TO FINANCIAL STATEMENTS

2016 2015 Traveling Expenses 2,949,976.52 2,350,994.32 Training and Scholarship Expenses 7,493,5gg.gg 9,172,399.17 Supplies and Materials Expenses 17,707,602.71 2l,ggg,906.5l Utility Expenses 410,270,695.49 364,249,652.99 Communication Expenses 4,370,325.39 5,120,067.91 Membership Dues and Contributions to Organizations 379,092.40 23,250.00 Advertising Expenses 1,693,729.44 l,35g,44g.lg Printing and Binding Expenses 14,089.00 21,290.00 Rent Expenses 3,012,907.79 1,996,266.10 Representation Expenses 7,763,593.59 10,902,077.09 Transportation and Delivery Expenses 6,756,935.59 7,395,722.19 Subscriptions Expenses 149,29I.00 159,659.00 Survey Expenses 2,257.90 16,993.00 Professional Services 22,416,399.97 20,056,143.62 Repairs and Maintenance - Buildings 2,110,543.50 1,651,340.74 Repairs and Maintenance - Office Equipment, Furniture and Fixtures 1,209,219.39 1,412,173.66 Repairs and Maintenance - Machineries and Equipment 2,030,920.16 1,561 ,30g.g l Repairs and Maintenance - Transportation Equipment 4,659,260.99 5,140,620.92 Repairs and Maintenance - Other property, Plant and Equipment 0.00 1,922,921.00 Repairs and Maintenance - Reforestation Projects 4,049,169,70 4,044,593.97 Subsidies and Donations 197,000.00 1,294,000.00 Confidential, Intelligence, Extraordinary and Miscel laneous Expenses 22,173,347.10 28,336,322.97 Taxes, Insurance Premiums and Other Fees 53,493,660.05 47,363,236.21 Bad Debts 119,951,367.67 6,412,299.71 Depreciation - Land Improvements 130,993,264.94 123,241,019.27 Depreciation - Buildings 2,lgl,616.3g 1,971,125.64 Depreciation - Office Equipment, Furniture and Fixtures 10,597,520.43 9,lgg,32g.l5 Depreciation - Machineries and Equipment 12,077,993.02 8,931,207.12 Depreciation - Transportation Equipment 13,115,343.32 12,347,502.79 Other Maintenance and 4 929 l0 Total 747 93

22.1 T raveling Expenses

This account can be broken down as follows:

Davao City Water District, Davao City Page 126 NOTES TO FINANCIAL STATEMENTS

2015 Travel Local - .32 Total

22.2 Training and Scholarship Expenses

This account can be broken down as follows:

2016 20t5 Training Expenses 6,892,634.99 7,377,973.17 .00 Total l7

Training expenses include per diem of personnel attending training programs and/or seminar. It also covers cost of various training materials and ither inctentaie*f.nr.r.

Scholarship expenses include all expenses incurred by the District in relation to the educational fees and activities of its scholar students.

22.3 Supplies and Materials Expenses

This account can be broken down as follows:

2016 2015 Office Supplies Expenses 6,591,315.95 7,990,702.73 Drugs and Medicines Expenses 51,624.00 146,792.30 Medical, Dental and Laboratory Supplies Expenses 856,337.30 505,791.10 Gasoline Oil and Lubricants I ,620.38 Total 17 2l I

This includes expenses incurred for office supplies, clinic supplies like medicines, among others, laboratory supplies and those supplies used by transpbrtation and other equipmeni of the District.

22.4Utility F.xpenses

This account can be broken down as follows:

6 2015 Water Expenses 446,466.30 546,293.19

Davao City Water District, Davao City Page 127 NOTES TO FINANCIAL STATf,MENTS

EI .18 363 70 T

This.includes expenses incurred related to water and electricity consumption of the District's offices and facilities.

22.5 Communication Expenses

This account can be broken down as follows:

2016 20ts Postage and Deliveries 126,175.12 67,961.96 Telephone Expenses - Landline 1,545,999.03 1,586,924.25 Telephone Expenses - Mobile 2,274,694.00 2,157,311.40 Intemet Expenses 263,379.56 l,106,g4l.g2 Cable, Satellite, Telegraph, and Radio 160,199.67 201,229.29 Total .81

This includes expenses incurred related to delivery of documents/letters to customers, other offices and agencies, telephone - landline connections, telephone - mobile connections, internet communication/connections and for cable connections and radio licensing.

22.6 Professional Services

This account can be broken down as follows:

2016 2015 Legal Services 125,966.60 395,266.16 Auditing Services 10,606.00 361,522.34 Consultancy Services 381,000.00 217,500.00 Janitorial Services 2,458,947.96 2,312,961.76 Services 1 1l .36 Total 1

This includes expenses incurred on legal matters and documentations, conduct of audit activities by the Commission on Audit (COA), consultancy services, janitorial services rendered in various offices and facilities and security services rendered in various offices and facilities.

22.7 Repairs and Maintenance - Buildings

Davao City Water District, Davao City Page 128 NOTES TO FINANCIAL STATEMENTS

This accounf can be broken down as follows:

5 rs and Maintenance - Office Buildi 2 I 1,651 Total 40.74 I I

22.8 Repairs and Maintenance - office Equipment, Furniture and Fixtures

This account can be broken down as follows:

2016 20ts Repairs and Maintenance - Office Equipment 455,848.00 458,189.00 Repairs and Maintenance - Furniture and Fixtures 9,000.00 5,290.00 Repairs and Maintenance - IT Equipment and Software 744,370.39 949,704.66 Total

This includes expenses incurred in the maintenance of office equipment, furniture and fixtures and IT equipment and software.

22.9 Repairs and Maintenance - Machineries and Equipment

This account can be broken down as follows:

2016 2015 Repairs and Maintenance - Machineries 629,110.20 512,472.55 Repairs and Maintenance - Communication Equipment 42,975.00 l g,l 95.00 Repairs and Maintenance - Construction and Heavy Equipment 1,275,105.79 1,029,541.36 Repairs and Maintenance - Other Machineries and 84,629.19 1,100.00 Total I

This includes expenses incurred in the maintenance of Machineries, Communication Equipment, Construction and Heavy Equipment and other Machineries and Equipment.

22,9.1Repairs and Maintenance - other Machineries and Equipment

This account can be broken down as follows:

Davao City Water District, Davao City Page 129 NOTES TO FINANCIAL STATEMENTS

2015 I r00.00 Total 84,629.19 l,l

22.10 Repairs and Maintenance - Transportation Equipment

This account can be broken down as follows:

2016 20ts and Maintenance - Motor Vehicles I 92 Total

22.11 Repairs and Maintenance - Reforestation projects

This account can be broken down as follows:

2016 20r5 Repairs and Mainten ance - Reforestation - 4,049,169.70 4,044,593.97 Total

22.12 Subsidies and Donations

This account can be broken down as follows

2015 Donations 197 I 000.00 Total

22.13 confidential, Intelligence, Extraordinary and Miscellaneous Expenses

This account can be broken down as follows:

2016 2015 Extraordinary Expenses 750,000.00 3,009,269.00 Miscellaneous 2 7.10 25,327 054.87 Total

Davao City Water District, Davao City Page 130 NOTES TO FINANCIAL STATEMENTS

Extraordinary Expenses include expenses. incurred during meetings, seminars, public relations, oflicial entertainment, contributions to professiinal and-civic organizations, conferences and other similar expenses related watei district operationslactivities.

Meanwhile, Miscellaneous Expenses include expenses in connection with the general management of the district that are not classided under specific expenses accounts. These includes among others, programs related to water conservation and public awareness.

22.14 Taxes, fnsurance premiums and Other Fees

This account can be broken down as follows

2015 Taxes, Duties and Licenses 50,729,900.47 45,236,599.95 Fidelity Bond Premiums 84,180.00 99,690.00 Insurance .58 Total

This includes expenses incurred in the payment of taxes like franchise and real property tax, bond of officials and employees and payment of insurance of various district facilities and vehicles used in the operations.

22.15 Depreciation - Land Improvements

This account can be broken down as follows:

Depreciation - Land Improvements 1,392,060.29 274,102.66 - Plant 11 I 915.61 Total I I 18.27

22.16 Depreciation - Buildings

This account can be broken down as follows:

2016 20ts Depreciation - Office Buildings 2,188,442.14 1,967,951.40 - Other Structures 74.24 174.24

22.17 Depreciation - office Equipment, Furniture and Fixtures

Davao City Water District, Davao City Page 13l NOTES TO FINANCIAL STATEMENTS

This account can be broken down as follows:

2015 Depreciation - Office Equipment 2,049,562.23 2,129,491.66 Depreciation - Furniture and Fixtures 417,063.77 565,055.67 Depreciation - IT Equipment 8,064,249.07 6,449,136.46 Books 57 57 .36 Total

22.18 Depreciation - Machineries and Equipment

This account can be broken down as follows:

2016 20t5 Depreciation - Machineries 4,504,477.44 1,665,309.25 Depreciation - Communication Equipment 1,316,769.92 1,295,233.72 Depreciation - Construction and Heavy Equipment 698,785.68 586,295.69 Depreciation - Medical, Dental and Laboratory Equipment 3,661,966.27 2,854,909.09 Depreciation - Technical and Scientific Equipment 111,824.64 655,646.64 Depreciation - Other Machineries and 1,784,270.17 1,773,822.74 Total

22,19 Depreciation - Transportation Equipment

This account can be broken down as follows:

20ts Depreciation - Motor Vehicles 13,114,219.32 12,347,502.79 Depreciation - Other Transportation Equipment 1,125.00 0.00 Total 12.347 .78

22.20 Other Maintenance and Operating Expenses

This account can be broken down as follows:

Davao City Water District, Davao City Page 132 NOTES TO FINANCIAL STATEMENTS

2016 2015 Maintenance - Source of Supply 701,978.02 69t,872.75 Maintenance - Pumping Expenses 10,519,336.00 6,449,207.76 Maintenance - Water Treatment Expenses 13,190,197.00 9,126,049.62 Maintenance - Transmission and Distribution Expenses 24,794,360.00 24,067,549.71 Maintenance Customer,s - Accounts Expense 5,354,354.79 5,4gg,gg6.gl Maintenance General of Plant-Others 6,019,255.06 3,096,316.17 Total 92

22.20.1Maintenance - Source of Supply

This account can be broken down as follows

2016 I Supervision & Engineering 175,695.02 250,297.50 Maintenance of Collecting and Impounding Reservoir 472,219.00 309,996.00 Maintenance of and Tunnel 4.00 I .2s Total 701,978.02

This includes the materials used and expenses incurred in the maintenance of structures, collecting and impounding reservoirs, tunnel and wells owned by the District.

20.20.2 Maintenance - Pumping Expenses

This account can be broken down as follows:

2016 20t5 Maintenance of Structures & Improvement 377,209.00 341,667.34 Maintenance of Pumping Equipment 10.142.127.00 6,107 ,540.42 Total 10,519,336.00 .76

This includes the materials used and expenses incurred in the maintenance and improvement of structures related to pumping and maintenance of pumping equipment owned by the District.

22.20.3 Maintenance - Water Treatment Expenses

This account can be broken down as follows:

Davao Water City District, Davao City Page 133 NOTESTO FINANCIAL STATEMENTS

2015 Operation Labor and Expenses 1,876,174.00 1,650,626.95 Chemicals and Filtering Materials 11,069,064.00 7,092,960.99 Maintenance of Structures & Improvement 49,049.00 91,495.00 Maintenance of Water Treatment & 195,900.00 300,976.79 Total

This includes the materials used and expenses inourred in the operation of the water treatment plant. It also includes the cost of chemicals and filtering materials used in the treatment of water.

Expenses in the maintenance, repairs, replacement and improvement of water treatment equipment and structures are also included in these accounti.

22.20.4 Maintenance - Transmission and Distribution Expenses

This account can be broken down as follows:

5 of Structures & Improvement 6,776,957.00 5,101,396.16 Maintenance of Transmission and Distribution Mains 11,814,303.00 6,296,973.36 Maintenance of Services 1,154,662.0A 6,053,851.03 Maintenance of Meters 1,123,603.00 2,947,574.39 Maintenance of Hydrants and Valves 3,106,932.00 3,l8g,l6l .29 Maintenance of DMA 489, 602.50 Total 24,794,360.00 7t

This includes the materials used and expenses incurred in the following:

o Maintenance and restoration of structures and improvements of facilities owned and operated by the district to prevent interruption of service. a Maintenance and improvements of transmission and distribution facilities owned and operated by the district. a Maintenance and improvements of transmission and distribution facilities owned and operated by the district to prevent failure, restore serviceability andlor maintain life of services. a Maintenance of meters and associated meter testing equipment. It also includes expenses related to inspection and meter testing, replacement, repairs and changes as well as meter fittings. o Maintenance of fire hydrants and valves owned and operated by the district like cost of installation, restoration of condition and transfer of location, among others.

Davao City Water District, Davao City Page 134 NOTES TO I.INANCIAL STA

a installed district metering ]ffffil::e in various areas identified and operated by o Maintenance caretaker program of the district.

23. Financial Expenses

This account consists of the following:

2016 20l s Bank Charges 2,250.00 4,766.37 Documentary Stamps Expenses 1,901,259.00 1,710,523.92 Interest 54.97 24,252,422.19 Total 1.37

24. Pending.Cases with Financial Impact

Case Title Nature Amount Involved Status

Refund of20l0 Income Tax Php1,182,63808 On June 3, 2016, DCWD Withheld filed a Petition for Review before CTA En Banc. Petition (former CTA Case No. was given due course. 8s0s) DCWD vs. CIR Case is deemed CTAEBNo.1472 submitted for Venue: CTA, lo Division resolution. DCWD vs CIR Venue: CTA, En banc Refund of20l0 Income Tax Phpl,384,9l4 l8 withheld

(former CTA Case No. 857s) DCWD vs. CIR Venue: CTA, 2nd Division

CTA Case No. 8979 Refund of 2012 Franchise Php24,824,005.45 Case is deemed submitted for DCWD vs. CIR Tax decision. Venue: CTA, Io Division PETITION FOR REFLTND dated July 24,2013 was filed on August 8, 2014.

CTA Case No 9138 Franchise Tax Refund for Php4,682,408.28 The amounts involved DCWD vs. CIR the year 2003 represent the 40Vo ofthe basic Venue: CTA,3'd franchise tax assessed by BIR Division PETITION FOR REFUND on DCWD for the subject dated September 4, 20 I 5 periods. was filed on September 8, 2015. Cases Nos. 9138-9142 were consolidated. Venue: CTA, 3'd Division.

Davao City Water District, Davao City Page 135 NOTESTO FINANCIAL STATEMENTS

Case Title Nature s presentation evidence for respondent is set on February 21, 2Ot7 at 9:00am.

CTA Case No. 9 I 39 Franchise Tax Refund for Phpl 3,032,076.33 DCWD vs. CIR the year 2006 Venue: CTA,3'd -do- Division PETITION FOR REFT]NT) dated September 4, 20 I 5 was filed on September 8, 2015.

CTA Case No. 9140 Franchise Tax Refund for Php6,988,083.88 DCWD vs. CIR the year 2007 Venue: CTA,3'd -do- Division PETITION FOR REFUNI) dated September 4, 20 I 5 was filed on September 8, 20ts

CTA Case No 9l4 l Franchise Tax Refund for Php19,850,191.30 DCWD vs. CIR the year 2009 Venue. CTA,2'd Division PETITION FOR REFUND -do- dated September 4, 20 I 5 was filed on September 8, 201 5.

CTA Case No. 9142 Franchise Tax Refund for Php2l ,203,237 .18 DCWD vs. CIR the year 20 I 0 Venue: CTA,2nd -do- Division PETITION FOR REFL]ND dated September 4, 20 I 5 was filed on September 8, 2015.

CTA Case No. 9143 Franchise Tax Refund for Php 21,s90,821.80 DCWD vs. CIR the year 20 I I Venue: CTA, l$ -do- Division PETITION FOR REFLTND dated September4,20l5 was filed on September 8, 2015.

OSJ Case No 07-2006 Protest on Tax Assessment VAT -Php Case is deemed submitted for DCWD vs, BIR (Taxable Year: 2003) 1,110,915. l4 resolution. Venue: DOJ Income Tax - Php PETITION FOR 368,351 .51 With respect to the franchise ARBITRATION dated June Franchrse Tax - Php 19,731.602 tax, DCWD requested the 26,2006 was filed on July 4, nt,706,020.70 BIR for compromise and paid 2406 Php 4,682,408.28 (40% ofthe basic franchise tax) on Total - Php 2l , 210,842.83 February 27,2014.

On September 8, 2015, DCWD filed a Petition for Refund of Php 4,682,408.28 (40o/o of the 2003 basic which is now

Davao City Water District, Davao City Page 136 NOTES TO FINANCIAL STATEMENTS

Case Title -_- Nature A morrnt Invotved A Case 91.38, pending before CTA, 3* Division

OSJ Case No. 03-2010 Protest on Tax Assessment Income Tax Php DCWD vs, BIR - Case is deemed submitted for (Taxable Year:2006) 94,3 I0,816.03 Venue: DOJ resolution. Franchise Tax - php PETITION FOR t3,032,076.33/ With respect to the franchise ARBITRATION dated July tax, DCWD requested the 9,2010 was filed on July 12, 9.145.316.72 BIR for compromise 2010 and paid Php 3,658,126.69 (40% ofthe Total Php - basic franchise tax) on 107,342,892.36 December 9,2013.

0n September 8, 2015, DCWD filed a Petition for Refund of Php 3,658,126.69 (40% ot the 2006 basic franchise tax), which is now docketed as CTA Case No 91.39, pending before CTA, 3'o Division

OSJ Case No 05-20 t0 Protest on Tax Assessment lncome Tax - Php ln the DOJ Resolution dated DCWD vs, BIR (Taxable Year: 2007) 82,t55,779.73 June 25, 2012 ordering the Venue: DOJ Franchise Tax - Php dismissal of the Petition for PETITION FOR 29,432,845 07t lack ofjurisdiction. ARBITRATION dated September I 7, 2010 was 17,470,209.71 On July 19, 2012, DCWD filed on September l'7,2010. filed a Motion for Reconsideration praying for Total - Php the reversal and setting aside I I 1,588,624.80 the earlier decision of the Honorable Secretary of Justice; and a new one affirming its jurisdiction over the case, and subsequently rule for the exemption of petitioner's income and franchise taxes.

With respect to the franchise tax, DCWD requested the BIR for compromise and paid Php 6,988,083.88 (40% ofthe basic franchise tax) on Septembor 26, 201 3.

On September 8, 2015, DCWD filed a Petition for Rel'und of Php 6,988,083.88 (40% of the 2007 basic franchise tax), which is now docketed as CTA Case No. 9140, pending before CTA, 3'd Division.

Total Php 313,819,702.34

Davao City Water District, Davao City Page 137 NOTES TO FINANCIAL STATEMENTS

25. PDIC Liquidation Claims

Name ofBank Amount Involved Remarks AllAsia Corporation P 1,571,003 AI Asia Bank Corporation (AABC), formerly (formerly Banco Davao) Banco Davao, had entered into an agreement with DCWD that the bank S authorized to accept/collect water bill payments of DCWD customers. DCWD demanded AABC thru phil. Deposits Insurance Corporation (PDIC) for payment of insurance on savings account maintained in the closed AABC which was frozen when the bank ceased operations. Last document on file is the letter of pDIC dated May 28,2007 stating therein the pending validation of the total amount due to DCWD. Cooperative Bank of Davao 525,470 Cooperative Bank of Davao City, Incorporated City, Incorporated had entered into an agreement with DCWD that the bank is authorized to accept/collect water bill payments of DCWD customers. DCWD demanded CBDCI thru PDIC for payment of insurance on savings account maintained in the closed CBDCI which was frozen when the bank ceased Prime Bank 74,011 Prime Bank had entered into an agreement with DCWD that the bank is authorized to accept/collect water bill payments of DCWD customers. DCWD demanded prime Bank thru PDIC for payment of insurance on savings account maintained in the closed Prime Bank which was frozen when the bank ceased

26. Service Separation Plan

The Pension and Benefits Reserve is intended for the Service Separation Plan of employees hired on/before December 31, 1999 per Board Resolution No. 89-143 dated September 7, 1989 as incorporated in the l99l Collective Bargaining Agreement and as approved by Department of Budget and Management.

Interest earned from the retirement fund in the amount of Php26l,l55 was allocated to Pension and Benefits Reserve.

27. Information Required Under Revenue Regulation (RR) 15-2010 of the Bureau of Internal Revenue

The Bureau if lnternal Revenue (BIR) issued on November25,20l0 Revenue Regulation (RR) 15-2010, Amending Certain Provisions of Revenue Regulations No. 2l-i002, as

Davao City Water District, Davao City Page 138 NOTES TO STATEMENTS

amended, Implementing section 6 (H) the of Tax code of 1997, authorizing the commissioner of Internal Revenue to prescribe additional procedures and/or documentary requirements in connection with ihe p..pururion and submission statements accompanying of financial tax returns. Under ttre sala'regutu,iorr, companies to provide, in are required addition to the disclosures mandated undei PFRS, and/or and such other standards conventiont u.t be adopted, in the notes to the information .tuy financial statements, on taxes, duties and license fees paid * iuring "."*"a the taxable year. Memorandum circular dated ,,For November 2907 provides that: purposes of intemal revenue taxes, Revenue ?3, Memorandum circuiar No. 63-300 2 datedbct'ouer 2003 clarified that to, locar water districts (LWDs) are riable roi trr" folrowing:

l) Income Tax; 2) Franchise Tax; 3) Excise Tax; 4) value-added Tax.on the sale of goods and services not covered by the franchised activities xxxt'

In compliance with the requirements set forth by RR l5-2010 the information on taxes, duties and license fees paid or accrued during the taxabre year areas foflows: A. Value Added Tax

The District is subject only to VAT for the revenue on sale ofgoods and services not covered by the franchised activities.

2016 2015 Taxable Transaction 14,494,716.00 6,125,619.75 Tax Rate l2y" l2o/o Output Tax 1,739,365.92 735,074.25 Less: Tax 2t 19.24 109 9t4.04 Total VAT I 625, 160.21

B. Withholding Taxes

taxes paid for the year: 2016 2015 Tax on compensation and benefits 35,550,939.99 30,637,066.35 Creditable withholding taxes 25,342,013.56 22,691,071.99 Final withholding taxes 56,602,493.91 49,027,602.94 .17

Davao City Water District, Davao City Page 139 NOTES TO FINANCIAL STATEMENTS

C. All Other Taxes

All Other Taxes 2016 2015 Business Tax -FT 39,263,792.95 37,121,736.75 Total 39,263,792.95 37,127,736.7s

28. Compliance with Republic Act 7656

In 2015, the Philippine Association of Water Districts (PAWD) circularized Office of the Government Corporate Counsel (OGCC) Opinion No. 190, series of 2010, addressing whether all local water districts (LWDs) are required to declare and remit ifty percent (50o/o) of its annual eamings to the National Treasury.

The OGCC opined in the negative. Relevant portions of the said Opinion are as follows:

"Following the definition of a government-owned or controlled corporations (GOCC) in the aforecited cases, water districts are not GOCCs but government instrumentalities exercising corporate powers. They are, therefore, not covered by RA 7656.

Moreover, it bears emphasis that water districts are created purposely for public service. Section 5, Chapter II of PD 198 provides: x x x

Local water districts also do not receive any government subsidy and financial supporUappropriation from the government. Its operating income is derived principally from the collection of water consumption fees and loans from Local Water Utilities Administration (LWUA) for its development and expansion programs.

Most important, the manner of utilization and disposition of its income is restricted under Section 41 of PD 198, thus:

Sec.4l. Disposition - The income of the district shall be disposed of according to the following priorities:

"First, to pay its contractual and statutory obligations and to meet its essential current operating expenses.

"Second, to allocate at least fifty percent (50%) of the balance exclusively as a reserve for debt service and operating and maintenance, to be used for such purposes only during periods of calamities force majeure of unforeseen events.

"Third, to allocate the residue as a reserve exclusively for expansion and improvement of its facilities." (Emphasis supplied)

Davao City Water District, Davao City Page 140 NOTES TO FINANCIAL STATEMENTS

Hence, no part of the water district's income shall be used or disposed of for any other purpose than those mentioned above.',

To require the water districts to remit 50% of its earnings to National Treasury would constitute a violation of its charter on the disposition of its income.

Relying on this legal basis, the DCWD is not remiffing the fifty percent (50%) of its annual earnings to the National Treasury.

29. Events After Statement of Financial Position Date

Any post year-end events that provide additional information about the company's position at statement of financial position date (adjusting events) are reflected in the financial statements. Any post year-end event that is not adjusting event is disclosed in the notes to financial statements, when material.

30. Contingencies

Contingent liabilities are not recognized in the financial statements. They are disclosed unless the possibility of an outflow of resources embodying benefits is remote. Contingent assets are not recognized in the financial statements but disclosed when an inflow of economic benefits is probable.

31. Risk Management Objectives and Policies

The District is exposed to a variety of financial risks which result from both its operating and investing activities. The District's risk management is in close cooperation with the Board of Directors, and focuses on actively securing the District's short- to medium-term cash flows by minimizing the exposure to financial markets. Long-term financial investments are managed to generate lasting returns.

The District does not actively engage in the trading of financial assets for speculative purposes nor does it write options. The most significant financial risks to which the District is exposed to are described below.

31.1 Foreign Currency Sensitivity

Most of the District's transactions are carried out in Philippine pesos, its functional currency. Exposures to currency exchange rates arise from the District's overseas purchases, which are primarily denominated in US dollars. The District also holds US dollar-denominated cash and cash equivalents.

31.2 Interest Rate Sensitivity

Davao City Water District, Davao City Page l4l NOTES TO FINAI\CIAL STATEMENTS

The District's policy is to minimize interest cash flow risk exposures on long-term financing. Longterm borrowings are therefore usually at fixed rates. The District is exposed to changes in market interest rates through its bank borrowings anJcash and cash equivalents, w]rich are subject to variable inierest rates. All other financial assets and liabilities have fixed interest rates.

31.3 Credit Risk

Generally, the maximum credit risk exposure of financial assets is the carrying amount of the financial assets as shown on the face of the balance sheet (or in the aetaiieO analysis provided in the notes to the financial statements).

The District continuously monitors default of customers and other counterparties, identified either individually or by group, and incorporate this information into its credit risk controls. Where available at a reasonable cost, external credit ratings and/or reports on customers and other counterparties are obtained and used. The District,s policy is to deal only with creditworthy counterparties.

31.4 Liquidity Risk

The District manages its liquidity needs by carefully monitoring scheduled debt servicing payments for long-term financial liabilities as well as cash outflows due in a day-to-da! business. Liquidity needs are monitored in various time bands, on a day-to-day ana week- to-week basis, as well as on the basis of a rolling 30-day projection. Long-teim liquidity needs for a 6-month and one-year period are identified monthly.

The District maintains cash to meet its liquidity requirements for up to 90-day periods. Excess cash are invested in time deposits, mutual funds or short-term marketable securities. Funding for long{erm liquidity needs is additionally secured by an adequate amount of committed credit facilities and the ability to sell long-term financial assets.

31.5 Other Market Price Risk

The District's market price risk arises from its investments carried at fair value (financial assets classified as financial assets at fair value through profit or loss. [t manages its risk arising from changes in market price by monitoring the changes in the market piice of the investments.

32. Capital Management Objectives, Policies and Procedures

The Company's capital management objectives are:

o To ensure the District's ability to continue as a going concern; and

Davao City Water District, Davao City Page 142 NOTES TO FINANCIAL STATEMENTS

o To provide adequate water supply to its customers exceeding by 50o/o the projected water demand covered by our available resources.

The District believes the public can be served best by self-sustained utility adequately financed with rates based on sound engineering, ,o.iul, and economi" prirciples. It strongly advocated that properly a operated and managed water utility stroutO be a self- sufficient enterprise.

Full-cost pricing, meaning setting a price per unit of water that covers all the costs involved in treating water and delivering it to the customer, is the fairest way of charging for water. To charge the total cost of witer to customers as fairly as possible, the system must be 100% metered' That means every service or customer must have a meter. If some customers are unmetered, flat rate must be incorporated as part of the total rate schedule, though by so doing, the accuracy and fairness _ of the rate schedule is automatically reduced.

Changes in pricing policies to encourage conservation and wise use of water may add to the upward pressure on rates. As rates rise, so does concern about customer wiliingness and ability to pay for water service.

For a very large water district, according to LWUA, the District can maintain a debt-to- equity structure ratio of 156:l on a monthly basis, however, the District has maintained a very conservative debt-to-equity ratio over the years. For 2015 and 2016, its Debt-to- equity ratio of is 0.15:l and 0.2:l respectively.

2016 2015 Total Liabilities 1,015,621,495.10 638,460,707 Total Equ ity 5, '.49 4,363,261,414 Debt ratio 0.20:1 0.15:l

33. Approval of Financial Statements

The financial statements,were approved by the General Manager and authorized for issue on January 26,2017.

Davao City Water District, Davao City Page 143