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8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
A.
Header Name of Entity %%&A&
Notes to [Consolidated] Financial &tatements
For the year ended December 3! "#$
B.
Body
1. General Information/Agency Profile
The [consolidated] financial statements of [Name of Entity] 'ere a(thori)ed for iss(e %%&A& on
[date si*ned by the +ead of A*ency,A(thori)ed -e.resentati/e] as sho'n in the 0132b &tatement of
Mana*ement -es.onsibility for Financial &tatements si*ned by %%&A& 40"1
55555555555555555555! the [+ead of A*ency,A(thori)ed -e.resentati/e]0
[Name of Entity] is a [ty.e of entity! e.g., De.artment! A*ency! etc0] established on %%&A& 0$#
[date of establishment by name of le*islation] and o.erates (nder the a(thority of the %%&A& !
[name of all rele/ant la's]0 The mandate of [Name of Entity] is to
555555555555555555550 These ser/ices are *ro(.ed into the follo'in* 6ey areas7
[brief descri.tion of f(nctional line items]0 The A*ency8s re*istered office is located
in 5555555555555555555550
2.
Statement of om!liance and Basis of Pre!aration of Financial
Statements
The [consolidated] financial statements ha/e been .re.ared in accordance 'ith and %%&A& 0"9
com.ly 'ith the %hili..ine %(blic &ector Acco(ntin* &tandards 2%%&A& iss(ed by %%&A& " the
Commission on A(dit .er COA -esol(tion No0 "#4:##3 dated ;an(ary "4! %%&A& 1
"#40
The [consolidated] financial statements ha/e been .re.ared on the basis of historical
cost! (nless stated other'ise0 The &tatement of Cash Flo's is .re.ared (sin* the
direct method0
". S#mmary of Significant Acco#nting Policies
".1
Basis of acco#nting
The [consolidated] financial statements are .re.ared on an accr(al basis in %%&A& ! 1accordance 'ith the %hili..ine %(blic &ector Acco(ntin* &tandards 2%%&A&0
31
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".2
onsolidationa. onsolidated $ntities/ontrolled $ntities
onsolidated entities
The [consolidated] financial statements reflect the assets! liabilities! %%&A& 1 re/en(es! and
e
controlled entity! 'hereby the /ent(rers ha/e a bindin* arran*ement that establishes =oint
control o/er the economic acti/ities of the entity0 The [Name of Entity] reco*ni)es its
interest in the =oint /ent(re (sin* the e?(ity method0
@nder the e?(ity method! in/estments in =oint /ent(res are carried in the
consolidated statement of financial .osition at cost .l(s .ost ac?(isition
chan*es in [Name of Entity]s share of net assets of the =oint /ent(re0 The
consolidated statement of financial .erformance reflects the share of the
res(lts of o.erations of the =oint /ent(re0 Bhere there has been a chan*e
reco*nised directly in the e?(ity of the =oint /ent(re! [Name of Entity]reco*nises its share of any chan*es and discloses this! 'hen a..licable! in
the consolidated statement of chan*es in net assets,e?(ity0 &(r.l(ses and
31"
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
deficits res(ltin* from transactions bet'een [Name of Entity] and the =oint
/ent(re are eliminated to the e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
"." Financial instr#ments
a. Financial assets
Initial recognition and measurement
Financial assets 'ithin the sco.e of %%&A& "9:Financial Instr(ments7-eco*nition and Meas(rement are classified as financial assets at fair /al(e thro(*h s(r.l(s or deficit! held:to:mat(rity in/estments! loans and
recei/ables or a/ailable:for:sale financial assets! as a..ro.riate0 The[Name of Entity] determines the classification of its financial assets atinitial reco*nition0
%(rchases or sales of financial assets that re?(ire deli/ery of assets 'ithina time frame established by re*(lation or con/ention in the mar6et.lace2re*(lar 'ay trades are reco*ni)ed on the trade date! i0e0! the date that the[Name of Entity] commits to .(rchase or sell the asset0
The [Name of Entity]8s financial assets incl(de7 cash and short:termde.osits trade and other recei/ables loans and other recei/ables ?(otedand (n?(oted financial instr(ments and deri/ati/e financial instr(ments0
%%&A&
"90#
%%&A&
3#03
%%&A&
"904#
Subsequent measurement
The s(bse?(ent meas(rement of financial assets de.ends on theirclassification0
Financial assets at fair value through surplus or deficit
Financial assets at fair /al(e thro(*h s(r.l(s or deficit incl(de financial
assets held for tradin* and financial assets desi*nated (.on initial
reco*nition at fair /al(e thro(*h s(r.l(s and deficit0 Financial assets are
classified as held for tradin* if they are ac?(ired for the .(r.ose of sellin*or re.(rchasin* in the near term0
%%&A&
"90#
%%&A&
"904%%&A&
"90142a
Deri/ati/es! incl(din* se.arated embedded deri/ati/es are also classified as
held for tradin* (nless they are desi*nated as effecti/e hed*in* instr(ments0
Financial assets at fair /al(e thro(*h s(r.l(s or deficit are carried in the
statement of financial .osition at fair /al(e 'ith chan*es in fair /al(e
reco*ni)ed in s(r.l(s or deficit0
Loans and receivables
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
oans and recei/ables are non:deri/ati/e financial assets 'ith fi2a
cost (sin* the effecti/e interest method! less im.airment0 Amorti)ed cost is
calc(lated by ta6in* into acco(nt any disco(nt or .remi(m on ac?(isition and %%&A& "901$fees or costs that are an inte*ral .art of the effecti/e interest rate0 osses arisin* fromim.airment are reco*ni)ed in the s(r.l(s or deficit0
Held-to-maturity
Non:deri/ati/e financial assets 'ith fi2b
After initial meas(rement! held:to:mat(rity in/estments are meas(red at %%&A& amorti)ed
cost (sin* the effecti/e interest method! less im.airment0 "90132a
Amorti)ed cost is calc(lated by ta6in* into acco(nt any disco(nt or .remi(m on ac?(isition and fees or costs that are an inte*ral .art of theeffecti/e interest rate0 The losses arisin* from im.airment are reco*ni)edin s(r.l(s or deficit0
Derecognition
The [Name of Entity] dereco*ni)es a financial asset or! 'here a..licable! a .art of a financial asset or .art of a [Name of Entity] of similar financialassets 'hen7
• The ri*hts to recei/e cash flo's from the asset ha/e e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Impairment of financial assets
The [Name of Entity] assesses at each re.ortin* date 'hether there is
ob=ecti/e e/idence that a financial asset or a *ro(. of financial assets is
im.aired0 A financial asset or a *ro(. of financial assets is deemed to be
im.aired if! and only if! there is ob=ecti/e e/idence of im.airment as a
res(lt of one or more e/ents that has occ(rred after the initial reco*nition of
the asset 2an inc(rred loss e/entG and that loss e/ent has an im.act on the
estimated f(t(re cash flo's of the financial asset or the *ro(. of financial
assets that can be reliably estimated0
%%&A&
"901:1>
%%&A&
3#0AH$2f
E/idence of im.airment may incl(de the follo'in* indicators7
• The debtors or a *ro(. of debtors are e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
If there is ob=ecti/e e/idence that an im.airment loss has been inc(rred! theamo(nt of the loss is meas(red as the difference bet'een the assets carryin*amo(nt and the .resent /al(e of estimated f(t(re cash flo's 2e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Subsequent measurement
The meas(rement of financial liabilities de.ends on their classification0
Financial liabilities at fair value through surplus or deficit
Financial liabilities at fair /al(e thro(*h s(r.l(s or deficit incl(definancial liabilities held for tradin* and financial liabilities desi*nated(.on initial reco*nition as at fair /al(e thro(*h s(r.l(s or deficit0
Financial liabilities are classified as held for tradin* if they are ac?(ired for the .(r.ose of sellin* in the near term0
This cate*ory incl(des deri/ati/e financial instr(ments entered into by theHro(. that are not desi*nated as hed*in* instr(ments in hed*erelationshi.s as defined by %%&A& "90
Hains or losses on liabilities held for tradin* are reco*ni)ed in s(r.l(s ordeficit0
%%&A&
"90#
%%&A&
"90492a
%%&A&
"90142a
Loans and borrowing
After initial reco*nition! interest bearin* loans and borro'in*s ares(bse?(ently meas(red at amorti)ed cost (sin* the effecti/e interestmethod0 Hains and losses are reco*ni)ed in s(r.l(s or deficit 'hen theliabilities are dereco*ni)ed as 'ell as thro(*h the effecti/e interest methodamorti)ation .rocess0
Amorti)ed cost is calc(lated by ta6in* into acco(nt any disco(nt or .remi(m on ac?(isition and fees or costs that are an inte*ral .art of theeffecti/e interest rate0
%%&A&
"901$
Derecognition
A financial liability is dereco*ni)ed 'hen the obli*ation (nder the liability isdischar*ed or cancelled or e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
c. )ffsetting of financial instr#ments
Financial assets and financial liabilities are offset and the net amo(ntre.orted in the consolidated statement of financial .osition if! and onlyif! there is a c(rrently enforceable le*al ri*ht to offset the reco*ni)edamo(nts and there is an intention to settle on a net basis! or to reali)ethe assets and settle the liabilities sim(ltaneo(sly0
%%&A& ">04
d. Fair 'al#e of financial instr#ments
The fair /al(e of financial instr(ments that are traded in acti/e mar6etsat each re.ortin* date is determined by reference to ?(oted mar6et
.rices or dealer .rice ?(otations 2bid .rice for lon* .ositions and as6 .rice for short .ositions! 'itho(t any ded(ction for transaction costs0
%%&A& "90$
%%&A& "90#
e. *eri'ati'e financial instr#ments
Initial recognition and subsequent measurement
The [Name of Entity] (ses deri/ati/e financial instr(ments s(ch asfor'ard c(rrency contracts and interest rate s'a.s to hed*e its forei*nc(rrency ris6s and interest rate ris6s! res.ecti/ely0 &(ch deri/ati/efinancial instr(ments are initially reco*ni)ed at fair /al(e on the dateon 'hich a deri/ati/e contract is entered into and are s(bse?(entlyremeas(red at fair /al(e0 Deri/ati/es are carried as financial assets'hen the fair /al(e is .ositi/e and as financial liabilities 'hen the fair /al(e is ne*ati/e0
Any *ains or losses arisin* from chan*es in the fair /al(e of deri/ati/es are ta6en directly to s(r.l(s or deficit0 The [Name of Entity] does not a..ly hed*e acco(ntin*0
%%&A& "904$
%%&A& 3#0"$
%%&A&
"90#1 2a 2b
%%&A& "9099
2a 2b
".+ as, and cas, e#i'alents
Cash and cash e?(i/alents com.rise cash on hand and cash at ban6!de.osits on call and hi*hly li?(id in/estments 'ith an ori*inal mat(rity of three months or less! 'hich are readily con/ertible to 6no'n amo(nts of cash and are s(b=ect to insi*nificant ris6 of chan*es in /al(e0 For the
.(r.ose of the consolidated statement of cash flo's! cash and cashe?(i/alents consist of cash and short:term de.osits as defined abo/e! net of o(tstandin* ban6 o/erdrafts0
%%&A& "0>
%%&A& "09
%%&A& "0$1
319
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
". In'entories
In/entory is meas(red at cost (.on initial reco*nition0 To the e
Finished *oods and 'or6 in .ro*ress7 cost of direct materials and labor
and a .ro.ortion of man(fact(rin* o/erheads based on the normalo.eratin* ca.acity! b(t e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
". In'estment Pro!erty
In/estment .ro.erties are meas(red initially at cost! incl(din* transactioncosts0 The carryin* amo(nt incl(des the re.lacement cost of com.onentsof an e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
• are held for (se in the .rod(ction or s(..ly of *oods or ser/ices! for rental to others!
or for administrati/e .(r.oses and
• are e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
!easurement at ecognition
An item reco*ni)ed as .ro.erty! .lant! and e?(i.ment is meas(red at cost0
A %%E ac?(ired thro(*h non:e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
All other re.air and maintenance costs are reco*ni)ed as e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Derecognition
The [name of the entity] dereco*ni)es items of .ro.erty! .lant and e?(i.ment
and,or any si*nificant .art of an asset (.on dis.osal or 'hen no f(t(re
economic benefits or ser/ice .otential is e"
%%&A&
0>3
%%&A&
0>1
".
3eases
[Name of the Entity] as a lessee
Finance Lease
Finance leases are leases that transfer s(bstantially all of the ris6s and benefitsincidental to o'nershi. of the leased item to the [Name of the Entity]0
Assets held (nder a finance lease are ca.itali)ed at the commencement of thelease at the fair /al(e of the leased .ro.erty or! if lo'er! at the .resent /al(e of the f(t(re minim(m lease .ayments0 The [Name of the Entity] also reco*ni)esthe associated lease liability at the ince.tion of the lease0 The liabilityreco*ni)ed is meas(red as the .resent /al(e of the f(t(re minim(m lease
.ayments at initial reco*nition0
%%&A&
303
%%&A&
30">
&(bse?(ent to initial reco*nition! lease .ayments are a..ortioned bet'eenfinance char*es and red(ction of the lease liability so as to achie/e a constantrate of interest on the remainin* balance of the liability0 Finance char*es arereco*ni)ed as finance costs in s(r.l(s or deficit0
%%&A&
3034
An asset held (nder a finance lease is de.reciated o/er the (sef(l life of theasset0 +o'e/er! if there is no reasonable certainty that the [Name of the Entity]'ill obtain o'nershi. of the asset by the end of the lease term! the asset isde.reciated o/er the shorter of the estimated (sef(l life of the asset and thelease term0
%%&A&
3031
%%&A&
303
%perating lease
O.eratin* leases are leases that do not transfer s(bstantially all the ris6s and benefits incidental to o'nershi. of the leased item to the [Name of the Entity]0O.eratin* lease .ayments are reco*ni)ed as an o.eratin* e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
[Name of the Entity] as a lessor
Finance Lease
The [Name of the Entity] reco*ni)es lease .ayments recei/able (nder afinance lease as assets in the statements of financial .osition0 The assets are
.resented as recei/able at an amo(nt e?(al to the net in/estment in the lease0
The finance re/en(e are reco*ni)ed based on a .attern reflectin* a constant
.eriodic rate of ret(rn on the net in/estment in the finance lease0
%%&A&
304>
%%&A&
30$
%perating Lease
eases in 'hich the [Name of the Entity] does not transfer s(bstantially all theris6s and benefits of o'nershi. of an asset are classified as o.eratin* leases0
%%&A&
303
Initial direct costs inc(rred in ne*otiatin* an o.eratin* lease are added to thecarryin* amo(nt of the leased asset and reco*ni)ed o/er the lease term0
-ent recei/ed from an o.eratin* lease is reco*ni)ed as income on a strai*ht:line basis o/er the lease term0 Contin*ent rents are reco*ni)ed as re/en(e inthe .eriod in 'hich they are earned0
The de.reciation .olicy for %%E are a..lied to similar assets leased by the entity0
%%&A&
301$
%%&A&
3013
%%&A&
3011
".4
Intangi%le Assets
ecognition and !easurement
Intan*ible assets are reco*ni)ed 'hen the items are identifiable non:monetaryassets 'itho(t .hysical s(bstance it is .robable that the e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Intan*ible assets ac?(ired se.arately are initially reco*ni)ed at cost0
If .ayment for an intan*ible asset is deferred beyond normal credit terms! itscost is the cash .rice e?(i/alent0 The difference bet'een this amo(nt and thetotal .ayments is reco*ni)ed as interest e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
ecognition of an #&pense
E
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
esearch and development costs
The [Name of the Entity] e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".15 Pro'isions
%ro/isions 'ere reco*ni)ed 'hen the [Name of the Entity] has a .resentobli*ation 2le*al or constr(cti/e as a res(lt of a .ast e/ent! it is .robable thatan o(tflo' of reso(rces embodyin* economic benefits or ser/ice .otential'ill be re?(ired to settle the obli*ation and a reliable estimate can be made of the amo(nt of the obli*ation0
Bhere the [Name of the Entity] e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".11 ,anges in acco#nting !olicies and estimates
The [Name of the Entity] reco*ni)es the effects of chan*es in acco(ntin* .olicy retros.ecti/ely0 The effects of chan*es in acco(ntin* .olicy 'erea..lied .ros.ecti/ely if retros.ecti/e a..lication is im.ractical0
The [Name of the Entity] reco*ni)es the effects of chan*es in acco(ntin*estimates .ros.ecti/ely by incl(din* in s(r.l(s or deficit0
The [Name of the Entity] correct material .rior .eriod errors retros.ecti/ely inthe first set of financial statements a(thori)ed for iss(e after their disco/ery by7
• -estatin* the com.arati/e amo(nts for .rior .eriod2s .resented in
'hich the error occ(rred or
• If the error occ(rred before the earliest .rior .eriod .resented!restatin* the o.enin* balances of assets! liabilities and netassets,e?(ity for the earliest .rior .eriod .resented0
%%&A&
30"
%%&A&
303#
%%&A&304
%%&A&
304
3>
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".12 Foreign c#rrency transactions
Transactions in forei*n c(rrencies 'ere initially reco*ni)ed by a..lyin* thes.ot e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
ecognition evenue from )on-#&change *ransactions
An inflo' of reso(rces from a non:e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
+ifts and Donations
The [Name of Entity] reco*ni)es assets and re/en(e from *ifts and donations'hen it is .robable that the f(t(re economic benefits or ser/ice .otential 'illflo' to the entity and the fair /al(e of the assets can be meas(red reliably0
Hoods in:6ind 'ere reco*ni)ed as assets 'hen the *oods 'ere recei/ed! or there is a bindin* arran*ement to recei/e the *oods0 If *oods in:6ind 'ererecei/ed 'itho(t conditions attached! re/en(e is reco*ni)ed immediately0 If
conditions 'ere attached! a liability is reco*ni)ed! 'hich is red(ced andre/en(e reco*ni)ed as the conditions 'ere satisfied0
On initial reco*nition! *ifts and donations incl(din* *oods in:6ind 'eremeas(red at their fair /al(e as at the date of ac?(isition! 'hich 'ereascertained by reference to an acti/e mar6et! or by a..raisal0 An a..raisal of the /al(e of an asset is normally (nderta6en by a member of the /al(ation
.rofession 'ho holds a reco*ni)ed and rele/ant .rofessional ?(alification0For many assets! the fair /al(e 'ere ascertained by reference to ?(oted .ricesin an acti/e and li?(id mar6et0
%%&A&
"309$
%%&A&
"3091
%%&A&
"309
*ransfers
The [Name of Entity] reco*ni)es an asset in res.ect of transfers 'hen thetransferred reso(rces meet the definition of an asset and satisfy the criteria for reco*nition as an asset! e
%AH3 of
%%&A& "3
*ransfers from other government entities
-e/en(es from non:e
8/19/2019 Annex F Sample Notes to FS(1)
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".1+ Re'en#e from $6c,ange transactions
!easurement of evenue
-e/en(e 'as meas(red at the fair /al(e of the consideration recei/ed orrecei/able0
%%&A&
904
endering of Services
The [Name of Entity] reco*ni)es re/en(e from renderin* of ser/ices byreference to the sta*e of com.letion 'hen the o(tcome of the transaction can
be estimated reliably0 The sta*e of com.letion is meas(red by reference tolabor ho(rs inc(rred to date as a .ercenta*e of total estimated labor ho(rs0
Bhere the contract o(tcome cannot be meas(red reliably! re/en(e is reco*ni)edonly to the e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
oyalties
-oyalties 'ere reco*ni)ed as they 'ere earned in accordance 'ith thes(bstance of the rele/ant a*reement0
%%&A& 9034
".1 B#dget information
The ann(al b(d*et is .re.ared on a cash basis and is .(blished in the*o/ernment 'ebsite0
A se.arate &tatement of Com.arison of J(d*et and Act(al Amo(nts2&CJAA 'as .re.ared since the b(d*et and the financial statements 'erenot .re.ared on com.arable basis0 The &CJAA 'as .resented sho'in* theori*inal and final b(d*et and the act(al amo(nts on com.arable basis to the
b(d*et0 E
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Bhere the carryin* amo(nt of an asset or the cash:*eneratin* (nit 2CH@e
%%&A&
"1099
or may ha/e decreased0 If s(ch indication e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".10 Related !arties
The [Name of the Entity] re*ards a related .arty as a .erson or an entity 'iththe ability to e
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Pro-forma Notes to Financial Statements Reference
Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
".25 $m!loyee %enefits
The em.loyees of [Name of Entity] are member of the Ho/ernment &er/iceIns(rance &ystem 2H&I& [name of .ension .lan! if not H&I&]! 'hich .ro/ideslife and retirement ins(rance co/era*e0
The [Name of Entity] reco*ni)es the (ndisco(nted amo(nt of short termem.loyee benefits! li6e salaries! 'a*es! bon(ses! allo'ance! etc0! as e
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
+. ,anges in Acco#nting Policies
[Name of Entity] ado.ted the follo'in* ne' acco(ntin* .olicies7
+.1
9Header:
On [month day! year]! [Name of Entity] ado.ted the %%&A&s No0 5555 to 5555 ['hich
re.laced the e
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
=RR$N( IN>$S(8$N(S
As of *ecem%er "1 251+
;in t,o#sand !esosal#e t,ro#g,
S#r!l#s or
*eficit
Financial
Assets Held
to 8at#rity
A'aila%le
for Sale
Financial
Assets
()(A3
Beginning Balance as of ?an#ary 1 251
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Amorti)ation of disco(nt on the
ac?(isition of in/estment : : : : :
-eclassification from a different
class of in/estment
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Partic#larsAs of *ecem%er "1 251
;in t,o#sand !esos
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Net 'alue&"nterests %eceivable
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Finance ease -ecei/able
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
In'entories
carried at t,e
lo7er of cost
and net
realiDa%le
'al#e
In'entories
carried at
fair 'al#e
less cost tosell
In'entory
7rite-
do7n
recogniDedd#ring t,e
year
Re'ersal of
In'entory
7rite-do7nrecogniDed
d#ring t,e
year
In'entory Held for Sale
Carryin* Amo(nt! ;an(ary ! "#$
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Brite:do'n d(rin* the year 2
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
The [Name of the Entity] (ses the follo'in* criteria to distin*(ish in/estment .ro.erty from
o'ner:occ(.ied .ro.erty and from .ro.erty held for sale in the ordinary co(rse of o.erations
2in/entory7
[&tate the criteria]
The rental re/en(e and direct o.eratin* e
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
12.1 Reconciliation of t,e amo#nt of Breeding StocEs
Name of $ntityReconciliation of t,e arrying Amo#nt of Breeding StocEs
As of *ecem%er "1 251
3#!###0##
$!"##0##
">!>$#0##
Carryin* Amo(nt as of ;an(ary ! "#$
Increases d(e to .(rchases
Hain arisin* from chan*es in fair /al(e less costs to sell
attrib(table to .hysical chan*es1able 2
Hain arisin* from chan*es in fair /al(e less costs to sell
attrib(table to .rice chan*es 1able 3 3!"##0##
2$!##0##Decreases d(e to sales
Carryin* amo(nt at December 3! "#$ 1!$$#0##
1able 24 ue to /hysical *hange
Date -eco*ni)ed Pty0 CAF %AF Difference Amo(nt
;(ly ! "#$ #
"!###
"!### "#!###0##
$
$!##
$!### ## $##0##
Dec0 3! "#$ 3 "!$
#
"!$# 1!4$#0##
" $!4#
#
$!"## "## 4##0##
$ $!#
#
$!4##
3##
!$##0##
">!>$#0##
1able 34 ue to /rice *hange
Amo(nt
Date -eco*ni)ed Pty0 CF Q %F Q" Difference
;(ly ! "#$ $ $## $### ##
$##0##
Dec0 3! "#$ # "$# "### $#
!$##0##
" $"## $## ##
"##0##
$ $4## $"## "##
!###0##
3!"##0##
399
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
2
*F'&*urrent Fair 'alue&F' of the 5reeding toc6s of the same age
!hen the breeding stoc6s !ere recognized
3
/F'&/revious Fair 'alue&F' of the breeding stoc6s on the previous
recognition date -7uly 2, 38290
Note4 the above format may be used for other biological assets.
1".
Intangi%le Assets
Partic#lars
251 ;in t,o#sand
!esos
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
1+. )t,er Assets
1+.1
#rrent and Non-#rrent )t,er Assets
Partic#lars
251+ ;in
t,o#sand !eso s
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
ater than fi/e years
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
D(e to JI-
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
-etirement Hrat(ity %ayable
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
%ass.ort and isa Fees
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
2+.1 Salaries and ages
Partic#lars 251 251+&alaries and Ba*es:-e*(lar
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
%ro/ident,Belfare F(nd Contrib(tions
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
Partic#lars 251 251+
Chemical and Filterin* &(..lies E
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
(otal *emolition/Relocation and *esilting/*redging
$6!enses 666 666
2.4
Generation (ransmission and *istri%#tion $6!enses
Partic#lars 251 251+
Heneration! Transmission and Distrib(tion E
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
-e.airs and Maintenance:Other %ro.erty! %lant and
E?(i.ment
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
20. Non-as, $6!enses
20.1. *e!reciation
Partic#lars 251 251+
De.reciation:In/estment %ro.erty
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
20.+. 3osses
Partic#lars 251 251+oss on &ale of Jiolo*ical Assets
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
(otal Non-)!erating Income/Gain 666 666
24.2.
Non-)!erating 3osses
Partic#lars 251 251+
oss on Forei*n E
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
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Annex F
[NAME OF ENTITY]
[Consolidated] Financial statements for the year ended December 3! "#$
"2.Ser'ice concession arrangement
D(rin* the c(rrent re.ortin* .eriod! the [name of the entity,a*ency] entered into a ser/ice
concession arran*ement 'ith a [name of the .ri/ate com.any] to .ro/ide
[descri.tion,benefits,other rele/ant information abo(t the concession arran*ement]0
251 251+
Fair /al(e of ser/ice concession assets reco*ni)ed