COA_C2015-002 Supplementary Guidelines on the Implementation of PPSA

8/20/2019 COA_C2015-002 Supplementary Guidelines on the Implementation of PPSA

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CIRCULAR

REPUBLIC OF THE PHILIPPINES

COMMISSION ON AUDIT

Commonwealth Avenue, Quezon City, Philippines

No :

015-002

Date:

AR 0 9 2015

T 0 ll Heads of Departments, Bureaus, Offices, Agencies and Instrumentalities

of National Government Agencies, Managing Heads of Government-Owned

and/or Controlled Corporation, Heads of Financial Management

Services/Comptrollership Departments, Heads of Accounting Units; Heads of

Budget Units; COA Assistant Commissioners, COA Directors, COA Auditors,

and All Others Concerned.

SUBJECT

upplementary guidelines on the preparation of financial statements and

other financial reports, the transitional provisions on the implementation of

the Philippine Public Sector Accounting Standards, and the coding structure

1 0 RATIONALE/PURPOSE

The Unified Accounts Code Structure (UACS), a government-wide coding

framework that provides a harmonized budgetary and accounting code classification,

took effect on January 1, 2014. This was jointly developed by the Department of

Budget and Management (DBM), Commission on Audit (COA), Department of Finance

(DOE) and Bureau of the Treasury (BTr) and was prescribed under COA-DBM-DOF Joint

Circular No. 2013 - 1 dated August 6, 2013.

The account codes in the Revised Chart of Accounts for National Government

Agencies prescribed under COA Circular No. 2013-002 dated January 30, 2013, as

amended by COA Circular No. 2014-003 dated April 15, 2014, were adopted as an

integral part of the UACS or the object codes.

COA Resolution No. 2014-003 dated14n ary 24, 2014 prescribed the adoption

of 25 Philippine Public Sector Accounting Standards (PPSASs) effective January 1,

2014. These PPSASs were based on International Public Sector Accounting Standards

(IPSASs) which were published in the 2012 Handbook of International Public Sector

Accounting Pronouncements of the International Public Sector Accounting Standards

Board. Each IPSAS provides transitional guidelines on the proper implementation of

the IPSASs.


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In view of these developments, there is a need to issue this Circular to

prescribe the guidelines on the:

1.1 preparation of the financial statements and other related financial reports

required for submission to COA and other oversight agencies for the reporting

period ending December 31, 2014 and onwards;

1.2 coding structure to be used for CY 2014 financial statements in accordance with

the UACS; and

1.3 implementation of the PPSASs in accordance with the IPSASs transitional

provisions.

2 0 COVERAGE

This Circular covers public sector entities, such as, the National Government

Agencies (NGAs) and Government-Owned and/or Controlled Corporations (GOCCs)

maintaining Special Accounts in the General Fund (SAGF). GOCCs not maintaining

SAGF and Local Government Units (LGUs) shall be covered by separate guidelines.

3 0 DEFINITIONS

For the purpose of this Circular, the following terms shall be construed to

mean as follows:

3.1 Entities — refer to NGAs and GOCCs maintaining SAGF. These may be a group of

NGAs and GOCCs combined as a single entity (e.g. central and regional offices

including their operating units)

3.2 NGAs — refers to the various units of the Government, including a department,

bureau, office and instrumentality.

3.3 GOCCs - refers to any agency organ

a stock or nonstock corporation,

vested with functions relating to public needs whether governmental or

proprietary in nature, and owned by the Government of the Republic of the

Philippines directly or through its instrumentalities either wholly or, where

applicable as in the case of stock corporations, to the extent of at least a

majority of its outstanding capital stock.

3.4 Fund cluster — refers to an accounting entity (similar to a bank account) for

recording expenditures and revenues associated with a specific activity for which

accounting records are maintained and periodic financial reports are prepared.


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4.0 GENERAL GUIDELINES

4.1 The components of the financial statements, pursuant to PPSAS 1, are as follows:

a.

Statement of Financial Position (Annexes A and Al)

b.

Statement of Financial Performance (Annexes B and B1)

c. Statement of Cash Flows (Annexes C and C1)

d. Statement of Changes in Net Assets/Equity (Annex D)

e. Statement of Comparison of Budget and Actual Amounts(Annex E)

f.

Notes to Financial Statements comprising a summary of significant

accounting policies and other explanatory notes

4.2 For the purpose of preparing the Annual Financial Report (AFR) and the annual

audit reports (AARs) for CY 2014, all NGAs shall submit to the COA Auditors and

the Government Accountancy Sector (GAS), COA, the detailed financial

statements and trial balances consolidated by fund cluster as follows:

a. Regular Agency Fund

b.

Foreign Assisted Projects Fund

c.

Special Accounts - Locally Funded/Domestic Grants Fund

d.

Special Accounts - Foreign Assisted/Foreign Grants Fund

e. Internally Generated Funds

f. Business Related Funds

g.

Trust Receipts/Inter-Agency Transferred Funds (IATF)

4.3 NGAs are required to upload the soft copies of the above required financial

statements at the COA website

(www.coa.gov.ph

)

4.4 GOCCs, such as NTA and PCA, shall submit to the COA Auditors and the

Government Accountancy Sector (GAS), COA, the trial balances and financial

statements stated in 4.2 of the SAGF as required by law, and upload the soft

copies of the same at the COA website.

4.5 The Budget and Financial Accountability

s (BEARs) prescribed under COA

DBM Joint Circular No. 2014-1 dated July 2, 2014 shall also be submitted to the

GAS, COA and Agency's COA Auditor, in addition to the financial statements and

reports stated in 4.1 and 4.2.

4.6 The NGAs, including the NTA and PCA, are likewise required to upload the BFARs

at the COA website following the deadlines prescribed in the CO A-DBIVI Joint

Circular No. 2014-1 dated July 2, 2014.


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4.7 The fund clusters and fund codes as prescribed in the UACS Manual per DBM-

COA-DOF Joint Circular No. 2013-1, as amended by DBM-COA-DOF Joint Circular

No. 2014-1 dated November 7, 2014, shall be used.

4,8 Upon the effectivity of this Circular, the following revised forms and registries

shall be used/maintained by the NGAs, including the NTA and PCA for their SAGF,

to facilitate the monitoring of budget information and the preparation of the

budget and accounting reports,:

a.

Obligation Request and Status (ORS)

b.

Budget Utilization Request and Status (BURS)

c.

Registry of Revenue and Other Receipts (RROR)

d.

Registry of Appropriations and Allotments (RAPAL)

e.

Registry of Allotments, Obligations and Disbursements (RAOD)

f. Registry of Budget, Utilization and Disbursements (RBUD)

4.9 The guidelines on the implementation of PPSAS transitional provisions under

paragraphs 6.18 to 6.1m shall be implemented.

5.0 SPECIFIC GUIDELINES

5.1 All NGAs shall prepare and submit for the CY 2014 one set of financial statements

for all funds (combined all funds) as enumerated in paragraph 4.1 as their general

purpose financial statements.

5.2 The NTA and PCA shall submit the financial statements of the SAGF as stated

paragraph 4.4.

5.3 The Statement of Management Responsibility (Appendix A) shall be attached to

the financial statements.

5.4 To serve as guide to preparers of financial statements, a basic model or pro-forma

Notes to Financial Statements shall be included in the Government Accounting

Manual (GAM).

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5.5 The guidelines in the submission of the financial statements and trial balances

for the preparation of the CY 2014 AFR and annual audit reports are as follows:

a. All the financial statements, except the Notes to Financial Statements, and

the trial balances shall be consolidated at the cluster level as follows:

1. Regular Agency Fund consisting of:

a.

General Fund — New General Appropriations

b.

General Fund — Continuing Appropriations

c. General Fund — Supplemental Appropriations

d.

General Fund —Automatic Appropriations

e. General Fund — Unprogrammed Funds

2. Foreign Assisted Projects Fund consisting of:

a.

General Fund — New General Appropriations

b.

General Fund — Continuing Appropriations

c. General Fund — Unprogrammed Funds

3. Special Accounts - Locally Funded/Domestic Grants Fund

4. Special Accounts - Foreign Assisted/Foreign Grants Fund

5. Internally Generated Funds (Off-Budgetary Funds — Retained

Income Funds)

6. Business Related Funds

7. Trust Receipts/Inter-Agenc

sferred Fund (IATF)

a.

Receipts Deposited with the National Treasury other

than IATF

b.

Receipts Deposited with Authorized Government

Depository Banks (AGDB)

b. Pursuant to Executive Order No. 292 series of 1987, instituting the 1987

Administrative Code, the financial statements and trial balances enumerated

in paragraph 4.1 shall be submitted to GAS, COA and the Agency's COA

Auditor on or before February 14, 2015. In addition, the printed copies of the

detailed financial statements (Annexes Al, B1 and C1) shall be submitted to

GAS, COA and electronic copies uploaded to the COA website.

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5.6 The following are the revised budget forms and registries to be used/maintained

by NGAs:

a. Obligation Request and Status (Annex F)

1. This form shall be used for:

a.

Regular Agency Fund,

b. Foreign Assisted Projects Fund,

c. Special Accounts - Locally Funded/Domestic Grants Fund, and

d.

Special Accounts - Foreign Assisted/Foreign Grants Fund.

2. The ORS shall be prepared by the Requesting/Originating Office based on

their approved budget allocation per General Appropriations Act (GAA)

and other budget laws/authority.

3. The Funding Source Code segmented by Fund Cluster, Fund

Authorization, Major Final Output, Program/Activity/Project, and Major

Programs/Projects shall be indicated on the face of the ORS using the

UACS Object Code.

4. Section C of the ORS shall serve as a subsidiary record for obligation to be

maintained by the Budget Unit. It shall contain the amounts of obligation,

actual disbursements/payments, and balances of due and demandable

obligations and not yet due and demandable obligations.

b. Budget Utilization Request and Status (Annex G)

1. This form shall be used for:

a.

Special Accounts - Loca

ded/Domestic Grants Fund, specifically

for income collections of agencies constituted as special accounts

b.

Internally Generated Funds

c. Business Related Funds, and

d.

Trust Receipts/IATF.

2.

This shall be prepared by the Requesting/Originating Offices based on

their approved budget allocations for off budgetary and custodial funds.

3. Section C of the BURS shall serve as a subsidiary record for budget

utilization to be maintained by the Budget Unit. It shall contain the

amounts of budget utilizations, actual disbursements/payments, and

balances of due and demandable utilizations and not yet due and

demandable utilizations.

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c.

Registry of Revenue and Other Receipts (Annex H, Hl-H4) -

This shall be

kept by the Budget Unit of the entity and shall be maintained by fund cluster

as provided in paragraph 5.5.a.

d.

Registry of Appropriations and Allotments (Annex I) -

This shall be

maintained to monitor the balance of unreleased appropriations for the

following funds:

1.


2.

Foreign Assisted Projects Fund,

3.

Special Accounts - Locally Funded/Domestic Grants Fund, and

4.


e.

Registry of Allotments, Obligations and Disbursements (Annex J) -

This shall

be used to monitor the unobligated allotments and unpaid obligations (due

and demandable obligations and not yet due and demandable obligations)

for the following funds:

1.


2.

Foreign Assisted Projects Fund,

3.

Special Accounts - Locally Funded/Domestic Grants Fund, and

4.


f.

Registry of Budget, Utilization and Disbursements (Annex K) - This shall be

maintained to monitor the unutilized budget and unpaid utilizations (due and

demandable utilizations and not yet due and demandable utilizations) for the

following funds:

1.

Special Accounts - Locally Fun.

4

4S Domestic Grants Fund, specifically for

income collections of agencies constituted as special accounts

2.

Internally Generated Funds

3.

Business Related Funds, and

4.

Trust Receipts/IATF.

6.0 GUIDELINES ON THE IMPLEMENTATION OF PPSASs TRANSITIONAL PROVISIONS

6.1. The guidelines for the implementation of the PPSAS transitional provisions are as

follows:

a. Presentation of Financial Statements (PPSAS 1)

1. Considering the significant changes in the accounting policies as a result

of the first time adoption of the PPSAS in CY 2014, comparative

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information for

Y

2013 and CY 2014 is not required. Thus, the CY 2014

financial statements shall reflect CY 2014 balances only. After CY 2014,

comparative information for the current and immediately preceding year

shall be reflected in the FS.

2.

The effects of the changes in the accounting policies/estimates for all

accounts as result of the first time adoption of the PPSAS shall be

disclosed.

3.

However, agencies may prepare comparative FS with proper disclosure, if

required for other purposes.

b.

Borrowing Costs (PPSAS 5). The entity shall capitalize only those borrowing

costs incurred after January 1, 2014 that meets the criteria for capitalization.

c.

Consolidated Financial Statements (PPSAS 6) and Interests in Joint Venture

(PPSAS 8). Entities with controlled entities or interest in joint ventures which

are required to prepare consolidated financial statements are allowed up to

three years from January 1, 2014 to fully eliminate the balances and

transactions between entities within the economic entity.

d. Leases (PPSAS 13)

1. Entities which have pre-existing leases shall determine whether these are

finance or operating leases.

2.

The entity shall recognize a lease classified as a finance lease

retrospectively in accordance with PPSAS 3, Accounting Policies, Changes

in Accounting Estimates and Errors. Appropriate financial statement

presentation, disclosures and/or adjusting entries shall be

prepared/effected.

3. However, if an entity do

have the information necessary to apply

the amendments retrospectively, it shall:

a.

Apply the amendments to those leases on the basis of the facts and

circumstances existing as of January 1, 2014; and

b.

Recognize the asset and liability related to the lease classified as

finance lease at their fair values (FVs) on that date; any difference

between those FVs is recognized in accumulated surplus/(deficit).

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e. Investment Property (PPSAS 16)

1.

The entity shall recognize the effect of the initial recognition of

investment property acquired before CY 2014 as an adjustment to the

opening balance of Accumulated Surplus/(Deficit) for CY 2014.

2.

The entity shall also recognize the accumulated depreciation and

accumulated impairment losses that relate to the depreciable

investment property, as if it had always applied those accounting

policies.

3.

If the investment property is an existing asset or was previously

recognized as asset of an entity other than investment property,

recomputation of the accumulated depreciation and carrying amount

shall be made before effecting the reclassification.

4.

The estimated useful life and the estimated residual value used for

Property, Plant and Equipment (PPE) shall be applied to depreciable

investment property.

f. Property, Plant and Equipment (PPSAS 17)

1.

ublic Infrastructures

a.

An entity shall recognize the cost and the related accumulated

depreciation and impairment losses of existing public infrastructure

assets based on the data in the Registry of Public Infrastructures

(RPIs) previously maintained under the NGAS and the estimated

useful life as may be determined by competent authority, if

practicable. The RPIs shall no longer be maintained.

b.

If not practicable, thee IJlternative approach of depreciated

replacement cost approach may be used to determine the cost and

the accumulated depreciation. The Depreciated Replacement Cost

Approach is an approach used to determine the value in use of a

non-cash generating asset. Under this approach, the present value of

the remaining service potential of an asset is determined as the

depreciated replacement cost of the asset. The replacement cost of

an asset is the cost to replace the asset's gross service potential. This

cost is depreciated to reflect the asset in its used condition.

c.

The estimated life of the public infrastructure assets shall be 20-40

years. Based on this life span, the entity shall prepare the specific

estimated useful life for each specific assets based on their

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experience, copy furnished the Agency COA Auditor and the

Government Accountancy Sector, COA.

d.

The effect on the recognition of the public infrastructure assets shall

be applied retrospectively or directly to Accumulated

Surplus/(Deficit) .

e.

Starting January 1, 2014 an entity is allowed up to five years to fully

comply with the provisions of PPSAS 1.7.

2. PPE controlled but not owned by the entity

a.

An entity shall, in accordance with PPSAS 17, recognize the cost and

the related accumulated depreciation and impairment losses of

existing PPE which were not previously recognized due to absence of

ownership/title based on contract, memorandum of agreements and

other reasons.

b.

If no documents are available, an entity shall recognize the cost of

the PPE based on fair value as of: (a) the date of the acquisition, it

available, or (b) January 1, 2014, or (c) at the date the FV was

determined.

c.

For PPE acquired in an exchange of asset, initial measurement shall

be applied prospectively or only to future transactions, as follows:

•

The cost of such an item of PPE is measured at FV unless (a) the

exchange transaction lacks commercial substance, or (b) the FV of

neither the asset received nor the asset given up is reliably

measurable.

®

The acquired item is me iftd in this way even if an entity cannot

immediately derecognize the asset given up.

•

If the acquired item is not measured at FV, its cost is measured at

the carrying amount of the asset given up.

3.

The effect on the recognition of depreciation as a result of the change in

the estimated residual value to 5 per cent of the cost shall be applied

prospectively.

4. The estimated useful lives of PPE prescribed under COA Circular No.

2003-007 dated December 11, 2003, as amended, shall continue to be

used until revoked/amended.

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5.

The accounting policy on tangible assets with serviceable life of more

than one year but small enough to be considered as PPE as provided

under COA Circular No. 2005-002 dated April 14, 2005, which revoked

the threshold of P10,000 for semi-expendable items, shall continue to

be applied until revoked/amended.

Provisions, Contingent Liabilities and Contingent Assets (PPSAS 19).

1. Entities shall adjust the opening balance of Accumulated

Surplus/(Deficit) for the Cy 2014 to recognize the provisions, if

applicable and practicable. If not practicable, this fact shall be disclosed in

the notes to financial statements.

h.

Impairment of Cash and Non-Cash-Generating Assets (PPSAS 21 and

PPSAS 26).

1. The recognition of impairment and reversal of impairment shall he

applied prospectively.

i.

Revenue from Non-Exchange Transactions (Taxes and Transfers) (PPSAS 23)

1.

Revenue generating entities are not required to change their accounting

policies with respect to the recognition and measurement of taxation

revenue for reporting periods beginning on January 1, 2014 and five

years thereafter.

2.

Entities are not required to change their accounting policies with respect

to the recognition and measurement of revenue from non exchange

transactions other than taxation revenue, for reporting periods beginning

on January 1, 2014 and three years thereafter.

3. Changes in accounting policies

espect to the recognition and

measurement of revenue from non-exchange transactions made before

the expiration of the five-year period permitted for taxation revenue, or

the three-year period permitted for revenue from non-exchange

transactions, other than taxation revenue, shall only be made to better

conform to the accounting policies prescribed in PPSAS 23. Entities may

change their accounting policies with respect to revenue from non-

exchange transactions on a class-by-class basis subject to the review and

approval of the Commission on Audit.

4.

When an entity takes advantage of the above transitional provisions for

revenue from non-exchange transactions, that fact shall be disclosed. The

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ng computer software were

entity shall also disclose (a) which classes of revenue from non-exchange

transactions are recognized in accordance with PPSAS 23, (b) those that

have been recognized under an accounting policy that is not consistent

with the requirements of PPSAS 23, and (c) the entity's progress towards

implementation of accounting policies that are consistent with PPSAS 23.

The entity shall disclose its plan for implementing accounting policies that

are consistent with PPSAS 23 in the Notes to Financial Statements.

5. When an entity takes advantage of the transitional provisions for a

second or subsequent reporting period, details of the classes of revenue

from non-exchange transactions previously recognized on another basis

but which are now recognized in accordance with PPSAS 23 shall be

disclosed.

j. Agriculture (PPSAS 27).

1. An entity shall recognize the effect of initial recognition of the biological

assets and the produce as an adjustment to the opening balance of

Accumulated Surplus/(Deficit) for the period ending December 31,

2014.

k. Financial Instruments (PPSAS 28, 29 and 30).

2. An entity shall apply the transitional provisions in PPSAS 28, 29 and 30,

unless impracticable.

I. Intangible Assets (PPSAS 31)

1. An entity shall apply PPSAS 31 prospectively.

2. Where prior to January 1, 2014,

recognized as part of PPE and the carrying amount of which can be

determined separately from those of the PPE, these shall be recognized

as intangible assets. The carrying amount as of January 1, 2014 shall he

used in initial recognition. Those that cannot be determined separately

shall continue to be recognized as PPE.

m.

Service Concession Arrangements: Grantor (PPSAS 32). A grantor

(government entity) with existing service concession arrangements as of

December 31, 2014 shall recognize and measure service concession assets

and the related liabilities in accordance PPSAS 32 from the effectivity of the

agreement.

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7,0 Saving Clause

Procedural issues and other matters not covered in this Circular shall be

covered by supplemental issuances and/or shall be referred to the Government

Accountancy Sector of the Commission on Audit for resolution.

8.0 REPEALING CLAUSE

All circulars, memoranda and other issuances or parts thereof which are

inconsistent with the provisions of this Circular are hereby rescinded/

repealed/modified accordingly.

9.0 EFFECTIVE DATE

This Circular shall take effect immediately.

MENDOZA

Commissioner

Officer-in-Charge

JOS

IA

Commiss oner

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Annex A

NAME OF TH E ENTITY)

STATEMENT OF FINANCIAL POSITION

ALL FUNDS OR NAME OF FUND)

AS OF DEC EMBER 31, 2014

Note

mount

ASSETS

Current Assets

Cash and Cash Equivalents

xx

Receivables

xx

Inventories

xx

Investments

xx

Other Current Assets

4

xx

Total Current Assets

xx

Non - Current Assets

Investments

xx

Investment Property

0

xx

Property, Plant and Equipment

1

xx

Biological Assets

2

xx

Intangible Assets

3

xx

Other Non-Current Assets

4

xx

Total Non-Current Assets

xx

Total Assets

xxx

LIABILITIES

Current Liabilities

Financial Liabilities

9

xx

Inter-Agency Payables

icy

0 xx

Intra-Agency Payables

1

xx

Trust Liabilities

2

xx

Deferred Credits/Unearned Incom

3

xx

Provisions

xx

Other Payables

xx

Total Current Liabilities

Non- Current Liabilities


4

xx

Trust Liabilities

5

xx

Deferred Credits/Unearned Income 6 xx

Provisions

7

xx

Other Payables

Total Non- Current Liabilities

xxx

Total Liabilities

NET ASSETS/EQUITY

Accumulated Surplus/(Deficit)

Total Net Assets/Equity

Total Liabilities and Net Assets/Equity

28

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Annex Al

ENTITY NAME

DETAILED STATEMENT OF FINANCIAL POSITION

(ALL FUNDS OR NAME OF FUND)

AS OF DECEMBER 31, 2014

ASSETS

Current Assets

Cash and Cash Equivalents

Cash on Hand

Cash - Collecting Officer

Petty Cash

Cash in Bank - Local Currency

Cash in Bank - Local Currency, Bangko Sentral Ng Pilipinas

Cash in Bank - Local Currency, Current Account

Cash in Bank - Local Currency, Savings Account

Cash in Bank - Local Currency, Time Deposits

Cash in Bank - Foreign Currency

Cash in Bank - Foreign Currency, Bangko Sentral Ng Pilipinas

Cash in Bank - Foreign Currency, Current Account

Cash in Bank - Foreign Currency, Savings Account

Cash in Bank - Foreign Currency, Time Deposits

Treasury/Agency Cash Accounts

Cash - Treasury/Agency Deposit, Regular

Cash - Treasury/Agency Deposit, Special Ac

Cash - Treasury/Agency Deposit, Trust

Cash - Modified Disbursement System (MD ) egular

Cash - Modified Disbursement System (MDS), Special Account

Cash - Modified Disbursement System (MDS), Trust

Cash - Tax Remittance Advice

Cash - Constructive Income Remittance

Cash Equivalents

Treasury Bills

Receivables

Amount

Loans and Receivable Accounts

Accounts Receivable

Allowance for Impairment - Accounts Receivable

Net Value - Accounts Receivable

Notes Receivable

Allowance for Impairment - Notes Receivable

Net Value - Notes Receivable

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XXX

ENTITY NAME




Loans Receivable - Government-Owned and/or Controlled Corporations

Allowance for Impairment - Loans Receivable - GOCCs

Net Value - Loans Receivable - GOCCs

Loans Receivable - Local Government Units

Allowance for Impairment - Loans Receivable - Local Government Units

Net Value - Loans Receivable - LGUs

Interests Receivable

Allowance for Impairment - Interests Receivable

Net Value - Interests Receivable

Dividends Receivable

Loans Receivable - Others

Allowance for Impairment - Loans Receivable - Others

Net Value - Loans Receivable - Others

Lease Receivable

Operating Lease Receivable

Allowance for Impairment - Operating Lease Receivable

Net Value - Operating Lease Receivable

Finance Lease Receivable

Allowance for Impairment - Finance Lease Receivable

Net Value - Finance Lease Receivable

Inter-Agency Receivables

ue from National Government Agencies

Due from Government-Owned and/or Contr I rporations

Due from Local Government Units

Due from Joint Venture

Intra-Agency Receivables

xx

Due from Central Office

xx

Due from Bureaus

xx

Due from Regional Offices

F~

xxx

Due from Operating Units

xx

Other Receivables

xx

Receivables - Disallowances/Charges

XX

Due from Officers and Employees

xx

Due from Non-Government Organizations/People's Organizations

xx

Other Receivables

xx

Allowance for Impairment - Other Receivables

xxx)

Net Value - Other Receivables

xx

Inventories

Inventory Held for Sale

Merchandise Inventory

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ENTITY NAME




Inventory Held for Distribution

Food Supplies for Distribution

Welfare Goods for Distribution

Drugs and Medicines for Distribution

Medical, Dental and Laboratory Supplies for Distribution

Agricultural and Marine Supplies for Distribution

Agricultural Produce for Distribution

Textbooks and Instructional Materials for Distribution

Construction Materials for Distribution

Property and Equipment for Distribution

Other Supplies and Materials for Distribution

Inventory Held for Manufacturing

Raw Materials Inventory

Work-in-Process Inventory

Finished Goods Inventory

Inventory Held for Consumption

Office Supplies Inventory

Accountable Forms, Plates and Stickers Inventory

Non-Accountable Forms Inventory

Animal/Zoological Supplies Inventory

Food Supplies Inventory

Drugs and Medicines Inventory

Medical, Dental and Laboratory Supplies I

Fuel, Oil and Lubricants Inventory

Agricultural and Marine Supplies Inventory

Textbooks and Instructional Materials Inventory

Military, Police and Traffic Supplies Inventory

Chemical and Filtering Supplies Inventory

Construction Materials Inventory

Other Supplies and Materials Inventory

Investments

Amount

xxx

Financial Assets at Fair Value Through Surplus or Deficit

Financial Assets Held for Trading

Financial Assets Designated at Fair Value Through Surplus or Deficit

Derivative Financial Assets Held for Trading

Derivative Financial Assets Designated at Fair Value Through Surplus or Deficit

Financial Assets - Held to Maturity

Investments in Treasury Bills - Local

Allowance for Impairment - Investments in

Net Value - Investments in Treasury Bills

-

Investments in Treasury Bills - Foreign

Allowance for Impairment - Investments in

Net Value - Investments in Treasury Bills -

Treasury Bills - Local

Local

Treasury Bills - Foreign

Foreign

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Deposits

Deposit on Letters of Credi

Guaranty Deposits

Other Deposits

ENTITY NAME




Amount

Investments in Treasury Bonds - Local

xx

Allowance for Impairment - Investments in Treasury Bonds - Local

xxx)

Net Value - Investments in Treasury Bonds-Local

xx

Investments in Treasury Bonds - Foreign

xx

Allowance for Impairment - Investments in Treasury Bonds - Foreign

xxx)

Net Value - Investments in Treasury Bonds - Foreign

xx

Other Current Assets

xxx

Advances

Advances for Operating Expenses

Advances for Payroll

Advances to Special Disbursing Officer

Advances to Officers and Employees

Prepayments

Advances to Contractors

Prepaid Rent

Prepaid Registration

Prepaid Interest

Prepaid Insurance

Other Prepayments .

Total Current Assets

Non - Current Assets

Investments

xxx

Financial Assets - Held to Maturity

Investments in Treasury Bonds-Local

Allowance for Impairment - Investments in Treasury Bonds - Local

Net Value - Investments in Treasury Bonds - Local

Investments in Treasury Bonds - Foreign

Allowance for Impairment - Investments in Treasury Bonds - Foreign

Net Value - Investments in Treasury Bonds - Foreign

Financial Assets - Others

Investments in Stocks

Investments in Bonds

Other Investments

18


19/71

ENTITY NAME




Amount

Investments in GOCCs

xx

Investments in GOCCs

xx

Allowance for Impairment - Investments in GOCCs

xx

Net Value - Investments in GOCCs

xx

Investments in Joint Venture

xx

Investments in Joint Venture

xx

Allowance for Impairment - Investments in Joint Venture

xxx)

Net Value - Investments in Joint Venture

xx

Sinking Fund

Investment Property

Land and Buildings

Investment Property, Land

Accumulated Impairment Losses - Investment Property, Land

Net Value

Investment Property, Buildings

Accumulated Depreciation - Investment Property, Buildings

Accumulated Impairment Losses - Investment Property, Buildings

Net Value

Property, Plant and Equipment

Land

Land

Accumulated Impairment Loss

Net Value

Land Improvements

Land Improvements, Aquaculture Structures

Accumulated Depreciation - Land Improvements, Aquaculture Structures

Accumulated Impairment Losses - Land Improvements, Aquaculture Structures

Net Value

Land Improvements, Reforestation Projects

Accumulated Impairment Losses - Land Improvements, Reforestation Projects

Net Value

Other Land Improvements

Accumulated Depreciation - Other Land Improvements

Accumulated Impairment Losses - Other Land Improvements

Net Value

X)0(

xxx

Infrastructure Assets

xx

Road Networks

xx

Accumulated Depreciation - Road Networks

xxx)

Accumulated Impairment Losses - Road Networks

xxx)

Net Value

xx

19


20/71

ENTITY NAME




Amount

Flood Control Systems

xx

Accumulated Depreciation - Flood Control Systems

xxx)

Accumulated Impairment Losses - Flood Control Systems

xxx)

Net Value

xx

Sewer Systems

xx

Accumulated Depreciation - Sewer Systems

xxx)

Accumulated Impairment Losses - Sewer Systems

xxx)

Net Value

xx

Water Supply Systems

xx

Accumulated Depreciation - Water Supply Systems

xxx)

Accumulated Impairment Losses - Water Supply Systems

xxx)

Net Value

xx

Power Supply Systems

xx

Accumulated Depreciation - Power Supply Systems

xxx)

Accumulated Impairment Losses - Power Supply Systems

xxx)

Net Value

xx

Communication Networks

xx

Accumulated Depreciation - Communication Networks

xxx)

Accumulated Impairment Losses - Communication Networks

xxx)

Net Value

xx

Seaport Systems

xx

Accumulated Depreciation - Seaport Systems

xxx)

Accumulated Impairment Losses - Seaport Systems

xxx)

Net Value

xx

Airport Systems

xx

Accumulated Depreciation - Airport Systems

xxx)

Accumulated Impairment Losses - Airport Systems

xxx)

Net Value

xx

Parks, Plazas and Monuments

xx

Accumulated Depreciation - Parks,

nd Monuments

xxx)

Accumulated Impairment Losses - Par s, Plazas and Monuments

xxx)

Net Value

xx

Other Infrastructure Assets

xx

Accumulated Depreciation - Other Infrastructure Assets

xxx)

Accumulated Impairment Losses - Other Infrastructure Assets

xxx)

Net Value

xx

Buildings and Other Structures

xx

Buildings

xxx

ccumulated Depreciation - Buildings

xxx)

Accumulated Impairment Losses - Buildings

xxx)

Net Value

xx

School Buildings

xx

Accumulated Depreciation - School Buildings

xxx)

Accumulated Impairment Losses - School Buildings

xxx)

Net Value

xx

20


21/71

ENTITY NAME




Amount

Hospitals and Health Centers

xx

Accumulated Depreciation - Hospitals and Health Centers

xxx)

Accumulated Impairment Losses - Hospitals and Health Centers

xxx)

Net Value

xx

Markets

xx

Accumulated Depreciation - Markets

xxx)

Accumulated Impairment Losses - Markets

xxx)

Net Value

xx

Slaughterhouses

xx

Accumulated Depreciation - Slaughterhouses

xxx)

Accumulated Impairment Losses- Slaughterhouses

xxx)

Net Value

xx

Hostels and Dormitories

xx

Accumulated Depreciation - Hostels and Dormitories

xxx)

Accumulated Impairment Losses - Hostels and Dormitories

xxx)

Net Value

xx

Other Structures

xx

Accumulated Depreciation - Other Structures

xxx)

Accumulated Impairment Losses - Other Structures

xxx)

Net Value

xx

Machinery and Equipment

xx

Machinery

xx

Accumulated Depreciation - Machinery

xxx)

Accumulated Impairment Losses - Machinery

xxx)

Net Value

xx

Office Equipment

xx

Accumulated Depreciation - Office Equi

(xxx)

Accumulated Impairment Losses - Office q ipment

xxx)

Net Value

xx

Information and Communication Technology Equipment

xx

Accumulated Depreciation - Information and Communication Technology Equipment

xxx)

Accumulated Impairment Losses - Information and Communication Technology Equipment

xxx)

Net Value

xx

Agricultural and Forestry Equipment

xx

Accumulated Depreciation - Agricultural and Forestry Equipment

xxx)

Accumulated Impairment Losses - Agricultural and Forestry Equipment

xxx)

Net Value

xx

Marine and Fishery Equipment

xx

Accumulated Depreciation - Marine and Fishery Equipment

xxx)

Accumulated Impairment Losses - Marine and Fishery Equipment

xxx)

Net Value

xx

Airport Equipment

xx

Accumulated Depreciation - Airport Equipment

(xxx)

Accumulated Impairment Losses - Airport Equipment

xxx)

Net Value

xx

21


22/71

ENTITY NAME




Communication Equipment

Accumulated Depreciation - Communication Equipment

Accumulated Impairment Losses - Communication Equipment

Net Value

Construction and Heavy Equipment

Accumulated Depreciation - Construction and Heavy Equipment

Accumulated Impairment Losses - Construction and Heavy Equipment

Net Value

Disaster Response and Rescue Equipment

Accumulated Depreciation - Disaster Response and Rescue Equipment

Accumulated Impairment Losses - Disaster Response and Rescue Equipment

Net Value

Military, Police and Security Equipment

Accumulated Depreciation - Military, Police and Security Equipment

Accumulated Impairment Losses - Military, Police and Security Equipment

Net Value

Medical Equipment

Accumulated Depreciation - Medical Equipment

Accumulated Impairment Losses - Medical Equipment

Net Value

Printing Equipment

Accumulated Depreciation - Printing Equipment

Accumulated Impairment Losses - Printing Equipment

Net Value

Sports Equipment

Accumulated Depreciation - Sports Es ,Ire

1

-nt

Accumulated Impairment Losses - Spo

uipment

Net Value

Technical and Scientific Equipment

Accumulated Depreciation - Technical and Scientific Equipment

Accumulated Impairment Losses - Technical and Scientific Equipment

Net Value

Other Machinery and Equipment

Accumulated Depreciation - Other Machinery and Equipment

Accumulated Impairment Losses - Other Machinery and Equipment

Net Value

Transportation Equipment

Motor Vehicles

Accumulated Depreciation - Motor Vehicles

Accumulated Impairment Losses - Motor Vehicles

Net Value

Trains

Accumulated Depreciation - Trains

Accumulated Impairment Losses - Trains

Net Value

Amount

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

22


23/71

ENTITY NAME




Amount

Aircrafts and Aircrafts Ground Equipment

xx

Accumulated Depreciation - Aircrafts and Aircrafts Ground Equipment

xxx)

Accumulated Impairment Losses - Aircrafts and Aircrafts Ground Equipment xxx)

Net Value

xx

Watercrafts

xx

Accumulated Depreciation - Watercrafts

xxx)

Accumulated Impairment Losses - Watercraft

xxx)

Net Value

xx

Other Transportation Equipment

xx

Accumulated Depreciation - Other Transportation Equipment

xxx)

Accumulated Impairment Losses - Other Transportation Equipment

xxx)

Net Value

xx

Furniture, Fixtures and Books

Furniture and Fixtures

Accumulated Depreciation - Furniture and Fixtures

Accumulated Impairment Losses - Furniture and Fixtures

Net Value

Books

Accumulated Depreciation - Books

Accumulated Impairment Losses - Books

Net Value

Leased Assets

xx

Leased Assets, Land

•

xx

Leased Assets, Buildings and Other Str

xx

Accumulated Depreciation - Leased As

ildings and Other Structures

xxx)

Accumulated Impairment Losses - Leased Assets, Buildings and Other Structures

xxx)

Net Value

xx

Leased Assets, Machinery and Equipment

xx

Accumulated Depreciation - Leased Assets, Machinery and Equipment

xxx)

Accumulated Impairment Losses - Leased Assets, Machinery and Equipment

xxx)

Net Value

xx

Leased Assets, Transportation Equipment

xx

Accumulated Depreciation - Leased Assets, Transportation Equipment

xxx)

Accumulated Impairment Losses - Leased Assets, Transportation Equipment

xxx)

Net Value

xx

Other Leased Assets

xx

Accumulated Depreciation - Other Leased Assets

xxx)

Accumulated Impairment Losses - Other Leased Assets

xxx)

Net Value

xx

Leased Assets Improvements

xx

Leased Assets Improvements, Land

xx

Accumulated Depreciation - Leased Assets Improvements, Land

xxx)

Accumulated Impairment Losses - Leased Assets Improvements, Land

xxx)

Net Value

xx

23


24/71

ENTITY NAME




Leased Assets Improvements, Buildings

Accumulated Depreciation - Leased Assets Improvements, Buildings

Accumulated Impairment Losses - Leased Assets Improvements, Buildings

Net Value

Other Leased Assets Improvements

Accumulated Depreciation - Other Leased Assets Improvements

Accumulated Impairment Losses - Other Leased Assets Improvements

Net Value

Construction in Progress

Construction in Progress -

Land Improvements

Construction in Progress - Infrastructure Assets


Buildings and Other Structures


Leased Assets

Construction in Progress - Leased Assets Improvements

Heritage Assets

Historical Buildings

Accumulated Depreciation - Historical Buildings

Accumulated Impairment Losses - Historical Buildings

Net Value

Works of Arts and Archeological Specimens

Accumulated Depreciation - Works of Arts and Archeological Specimens

Accumulated Impairment Losses - Works of Arts and Archeological Specimens

Net Value

Other Heritage Assets

Accumulated Depreciation - Other Herita

ts

Accumulated Impairment Losses - Otherririge Assets

Net Value

Service Concession Assets

Service Concession - Road Networks

Accumulated Depreciation - Service Concession - Road Networks

Accumulated Impairment Losses -Service Concession - Road Networks

Net Value

Service Concession - Flood Control Systems

Accumulated Depreciation - Service Concession - Flood Control Systems

Accumulated Impairment Losses - Service Concession - Flood Control Systems

Net Value

Service Concession - Sewer Systems

Accumulated Depreciation - Service Concession - Sewer Systems

Accumulated Impairment Losses - Service Concession - Sewer Systems

Net Value

Service Concession - Water Supply Systems

Accumulated Depreciation - Service Concession - Water Supply Systems

Accumulated Impairment Losses - Service Concession - Water Supply Systems

Net Value

Amount

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

xxx

(xxx)

(xxx)

xxx

24


25/71

ENTITY NAME




Amount

Service Concession - Power Supply Systems

xx

Accumulated Depreciation - Service Concession - Power Supply Systems

xxx)

Accumulated Impairment Losses - Service Concession - Power Supply Systems

xxx)

Net Value

xx

Service Concession - Communication Networks

xx

Accumulated Depreciation - Service Concession - Communication Networks

xxx)

Accumulated Impairment Losses -Service Concession - Communication Networks

xxx)

Net Value

xx

Service Concession - Seaport Systems

xx

Accumulated Depreciation - Service Concession - Seaport Systems

xxx)

Accumulated Impairment Losses - Service Concession - Seaport Systems

xxx)

Net Value

xx

Service Concession - Airport Systems

xx

Accumulated Depreciation - Service Concession - Airport Systems

xxx)

Accumulated Impairment Losses - Service Concession - Airport Systems

xxx)

Net Value

xx

Service Concession - Parks, Plazas and Monuments

xx

Accumulated Depreciation - Service Concession - Parks, Plazas and Monuments

xxx)

Accumulated Impairment Losses - Service Concession - Parks, Plazas and Monuments

xxx)

Net Value

xx

Other Service Concession Assets

xx

Accumulated Depreciation - Other Service Concession Assets

xxx)

Accumulated Impairment Losses - Other Service Concession Assets

xxx)

Net Value

xx

Other Property, Plant and Equipment

xx

Work/Zoo Animals

xx

Accumulated Depreciation - Work/Zoo Animals

xxx)

Accumulated Impairment Losses - rk/Zoo Animals

xxx)

Net Value

xx

Other Property, Plant and E

xx

Accumulated Depreciation - Ot r roperty, Plant and Equipment

xxx)

Accumulated Impairment Losses - Other Property, Plant and Equipment

xxx)

Net Value

xx

Biological Assets

Bearer Biological Assets

Breeding Stocks

Accumulated Impairment Losses - Breeding Stocks

Net Value

Livestock

Accumulated Impairment Losses - Livestock

Net Value

Trees, Plants and Crops

Accumulated Impairment Losses - Trees, Plants and Crops

Net Value

25


26/71

ENTITY NAME




Aquaculture

Accumulated Impairment Losses - Aquaculture

Net Value

Other Bearer Biological Assets

Accumulated Impairment Losses - Other Bearer Biological Assets

Net Value

Consumable Biological Assets

Livestock Held for Consumption/Sale/Distribution

Accumulated Impairment Losses -

Livestock Held for Consumption/Sale/Distribution

Net Value

Trees, Plants and Crops Held for Consumption/Sale/Distribution

Accumulated Impairment Losses - Trees, Plants and Crops Held for Consumption/Sale/Distribution

Net Value

Agricultural Produce Held for Consumption/Sale/Distribution

Accumulated Impairment Losses - Agricultural Produce Held for Consumption/Sale/Distribution

Net Value

Aquaculture


Aquaculture

Net Value

Other Consumable Biological Assets


Other Consumable Biological Assets

Net Value

Intangible Assets

Intangible Assets

Patents/Copyrights

Accumulated Amortization - Patents/Copyrights

Net Value

Computer Software

Accumulated Amortization - Com

tware

Net Value

Other Intangible Assets

Accumulated Amortization - Other Intangible Assets

Net Value

Other Non-Current Assets

Acquired Assets


Net Value

Foreclosed Property/Assets


Net Value

Forfeited Property/Assets


Net Value

Amount

xxx

(xxx)

xxx

xxx

xxx

xxx

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

xxx

(xxx)

xxx

Acquired Assets

Foreclosed Property/Assets

Forfeited Property/Assets

26


27/71

xxx

xxx

ENTITY NAME




Amount

Confiscated Property/Assets

xx

Accumulated Impairment Losses - Confiscated Property/Assets

xxx)

Net Value

xx

Abandoned/Surrendered Property/Assets

xx

Accumulated Impairment Losses - Abandoned/Surrendered Property/Assets

xxx)

Net Value

xx

Other Assets

xx

Accumulated Impairment Losses - Other Assets

xxx)

Net Value

xx

Prepayments

Advances to Contractors

Prepaid Rent


Prepaid Interest

Prepaid Insurance

Other Prepayments

Deposits

Deposit on Letters of Credit

Guaranty Deposits

Other Deposits

Total Non-Current Assets

TOTAL ASSETS

LIABILITIES AND NET ASSETS/EQUITY

Liabilities

Current Liabilities


Payables

Accounts Payable

Due to Officers and Employees

Internal Revenue Allotment Payable

Notes Payable

Interest Payable

Operating Lease Payable

Finance Lease Payable

Awards and Rewards Payable

Service Concession Arrangements Payable

27


28/71

ENTITY NAME




Amount

Bills/Bonds/Loans Payable

xx

Treasury Bills Payable

xx

Bonds Payable - Domestic

xx

Discount on Bonds Payable - Domestic

xx

Premium on Bonds Payable - Domestic

xx

Bonds Payable - Foreign

xx

Discount on Bonds Payable - Foreign

xxx)

Premium on Bonds Payable - Foreign

xx

Loans Payable - Domestic

xx

Loans Payable - Foreign

xx

Trust Liabilities

xx

Bail Bonds Payable

xx

Guaranty/Security Deposits Payable

xx

Customers' Deposits Payable

xx

Other Payables

xx

Inter-Agency Payables

xx

Due to BIR

xx

Due to GSIS

xx

Due to Pag-IBIG

xx

Due to PhilHealth

xx

Due to NGAs

xx

Due to GOCCs

xx

Due to LGUs

xx

Due to Joint Venture

xx

Infra-Agency Payables

xx

Due to Central Office

xx

Due to Bureaus

xx

Due to Regional Offices

xx

Due to Operating Units

xx

Trust Liabilities

xx

Trust Liabilities

xx

Trust Liabilities - Disaster Risk Reduction and Management Fund

xx

Deferred Credits/Unearned Income

xx

Deferred Finance Lease Revenue

xx

Other Deferred Credits

xx

Unearned Revenue - Investment Property

xx

Other Unearned Revenue

xx

Provisions

xx

Pension Benefits Payable

xx

Leave Benefits Payable

xx

Retirement Gratuity Payable

xx

Other Provisions

xx

28


29/71

ENTITY NAME




Amount

Other Payables

Total Current Liabilities

Non- Current Liabilities


Payables

Notes Payable

Finance Lease Payable

Service Concession Arrangements Payable

Bills/Bonds/Loans Payable

Treasury Bills Payable

Bonds Payable - Domestic

Discount on Bonds Payable - Domestic

Premium on Bonds Payable - Domestic

Net Value

Bonds Payable - Foreign

Discount on Bonds Payable - Foreign

Premium on Bonds Payable - Foreign

Net Value

Loans Payable - Domestic

Loans Payable - Foreign

Trust Liabilities

Bail Bonds Payable

Guaranty/Security Deposits Payable

Customers' Deposits Payable

Other Payables

Trust Liabilities

Trust Liabilities

Trust Liabilities - Disaster Risk Reduction and Management Fund

Deferred Credits/Unearned Income

Deferred Finance Lease Revenue

Other Deferred Credits

Unearned Revenue - Investment Property

Other Unearned Revenue

xxx

xxx

29


30/71

ENTITY NAME




Amount

Provisions

xx

Pension Benefits Payable

xx

Leave Benefits Payable

xx

Retirement Gratuity Payable

xx

Other Provisions

xx

Other Payables

Total Non -Current Liabilities

Total Liabilities

Net Assets/Equity

Equity

Accumulated Surplus/(Deficit)

Total Net Assets/Equity

TOTAL LIABILITIES AND NET ASSETS/EQUITY

XXX

XXX

XXX

XXX

XXX

XXX

XXX

30


31/71

Annex B

(NAME OF THE ENTITY)

STATEMENT OF FINANCIAL PERFORMANCE


For theYear Ended December 31, 2014

Note

mount

Revenue

Tax Revenue

9

xx

Service and Business Income

0

xx

Shares, Grants and Donations

1

xx

Gains

9

xx

Total Revenue

Less: Current Operating Expenses

Personnel Services

Maintenance and Other Operating Expenses

Financial Expenses

Direct Costs

Non-Cash Expenses

Total Current Operating Expens s

Surplus/(Deficit) from Curren

ations

Net Financial Assistance/Subsidy

Sale of Assets

Gains

Losses

Surplus/(Deficit) for the period

xxx

32

xx

33

xx

34

xx

35

xx

36

xx

xxx

xxx

37

xx

38

xx

39

xx

40

xxx)

xxx

31


32/71

XXX

Annex B1

ENTITY NAME

DETAILED STATEMENT OF FINANCIAL PERFORMANCE


FOR THE YEAR ENDED DECEMBER 31, 2014

Amount

Revenue

Tax Revenue

Tax Revenue - Individual and Corporation

Income Tax

xx

Professional Tax

xx

Travel Tax

xx

Immigration Tax

xx

Tax Revenue - Property

Estate Tax

xx

Donors Tax

xx

Capital Gains Tax

xx

Tax Revenue - Goods and Services

Import Duties

xx

Excise Tax

xx

Business Tax

xx

Tax on Sand, Gravel and Other Quarry Products

xx

Tax on Delivery Vans and Trucks

xx

Tax Revenue - Others

Documentary Stamp Tax

xx

Motor Vehicles Users' Charge

xx

Other Taxes

xx

Tax Revenue - Fines and Pen

Taxes on Individual and Corporation

xx

Property Taxes

xx

Taxes on Goods and Services

xx

Other Taxes

xx

Total Tax Revenue

xxx

Service and Business Income

Service Income

Permit Fees

Registration Fees

Registration Plates, Tags and Stickers Fees

Clearance and Certification Fees

Franchising Fees

Licensing Fees

Supervision and Regulation Enforcement Fees

Spectrum Usage Fees

Legal Fees

Inspection Fees

Verification and Authentication Fees

Passport and Visa Fees

Processing Fees

Fines and Penalties - Service Income

Other Service Income

Total Service Income

Business Income

32


33/71

xxx

Annex B1

School Fees

Affiliation Fees

Examination Fees

Seminar/Training Fees

Rent/Lease Income

Communication Network Fees

Transportation System Fees

Road Network Fees

Waterworks System Fees

Power Supply System Fees

Seaport System Fees

Landing and Parking Fees

Income from Hostels/Dormitories and Other Like Facilities

Slaughterhouse Operation

Income from Printing and Publication

Sales Revenue

Less: Sales Discounts

Net Sales

Hospital Fees

Guarantee Income

Fidelity Insurance Income

Dividend Income

Interest Income

Share in the Profit of Joint Venture

Fines and Penalties - Business Income

Service Concession Revenue

Other Business Income

Total Business Income

Shares, Grants and Dona

Share from National Wealth

Share from PAGCOR/PCSO

Share from Earnings of GOCCs

Grants and Donations

Income from Grants and Donations in Cash

Income from Grants and Donations in Kind

Total Shares, Grants and Donations

Gains

Gain on Initial Recognition of Biological Assets

xx

Gain on Sale of Biological Assets

xx

Gain from Changes in Fair Value Less Cost to Sell of Biological Assets

xx

Gain from Changes in Fair Value Less Cost to Sell of Biological Assets

xx

Gain on Sale of Agricultural Produce

xx

Total Gains

xx

Total Revenue

xx

33


34/71

Annex 81

Less: Current Operating Expenses

Personnel Services

Salaries and Wages

Salaries and Wages - Regular

xx

Salaries and Wages - Casual/Contractual

xx

Total Salaries and Wages

xx

Other Compensation

Personal Economic Relief Allowance (PERA)

xx

Representation Allowance (RA)

xx

Transportation Allowance (TA)

xx

Clothing/Uniform Allowance

xx

Subsistence Allowance

xx

Laundry Allowance

xx

Quarters Allowance

xx

Productivity Incentive Allowance

xx

Overseas Allowance

xx

Honoraria

xx

Hazard Pay

xx

Longevity Pay

xx

Overtime and Night Pay

xx

Year End Bonus

xx

Cash Gift

xx

Other Bonuses and Allowances

xx

Total Other Compensation

xx

Personnel Benefit Contrib

Retirement and Life Insurance Premiums

xx

Pag-IBIG Contributions

xx

Pag-IBIG Contributions

xx

PhilHealth Contributions

xx

Employees Compensation Insurance Premiums

xx

Provident/Welfare Fund Contributions

xx

Total Personnel Benefit Contributions

xx

Other Personnel Benefits

Pension Benefits

Retirement Gratuity

Terminal Leave Benefits

Other Personnel Benefits

Total Other Personnel Benefits

Total Personnel Services

Maintenance and Other Operating Expenses

Traveling Expenses

Traveling Expenses - Local

xx

Traveling Expenses - Foreign

xx

Total Traveling Expenses

xx

Training and Scholarship Expenses

Training Expenses

xx

Scholarship Grants/Expenses

xx

Total Training and Scholarship Expenses

xx

xxx

34


35/71

Annex B1

Supplies and Materials Expenses

Office Supplies Expenses

xx

Accountable Forms Expenses

xx

Non-Accountable Forms Expenses

xx

Animal/Zoological Supplies Expenses

xx

Food Supplies Expenses

xx

Welfare Goods Expenses

xx

Drugs and Medicines Expenses

xx

Medical, Dental and Laboratory Supplies Expenses

xx

Fuel, Oil and Lubricants Expenses

xx

Agricultural and Marine Supplies Expenses

xx

Textbooks and Instructional Materials Expenses

xx

Military, Police and Traffic Supplies Expenses

xx

Chemical and Filtering Supplies Expenses

xx

Other Supplies and Materials Expenses

xx

Total Supplies and Materials Expenses

xx

Utility Expenses

Water Expenses

Electricity Expenses

Total Utility Expenses

Communication Expenses

Postage and Courier Services

xx

.• •

Telephone Expenses

xx

Internet Subscription Expe

xx

Cable, Satellite, Telegraph and Radio Expenses

xx

Total Communication Expenses

xx

Awards/Rewards and Prizes

Awards/Rewards Expenses

Prizes

Total Awards/Rewards and Prizes

Survey, Research, Exploration and Development Expenses

Survey Expenses

xx

Research, Exploration and Development Expenses

xx

Total Survey, Research, Exploration and Development Expenses

xx

Demolition/Relocation and Desilting/Dredging Expenses

Demolition and Relocation Expenses

xx

Desilting and Dredging Expenses

xx

Total Demolition/Relocation and Desilting/Dredging Expenses

xx

Generation, Transmission and Distribution Expenses

Generation, Transmission and Distribution Expenses

xx

Confidential, Intelligence and Extraordinary Expenses

Confidential Expenses

xx

Intelligence Expenses

xx

Extraordinary and Miscellaneous Expenses

xx

Total Confidential, Intelligence and Extraordinary Expenses

xx

xxx

xxx

35


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Annex B1

Professional Services

Legal Services

Auditing Services

Consultancy Services

Other Professional Services

Total Professional Services

xxx

General Services

Environment/Sanitary Services

Janitorial Services

Security Services

Other General Services

Total General Services

xxx

Repairs and Maintenance

Repairs and Maintenance - Investment Property

xx

Repairs and Maintenance - Land Improvements

xx

Repairs and Maintenance - Infrastructure Assets

xx

Repairs and Maintenance - Buildings and Other Structures

xx

Repairs and Maintenance - Machinery and Equipment

xx

Repairs and Maintenance - Transportation Equipment

xx

Repairs and Maintenance - Furniture and Fixtures

xx

Repairs and Maintenance - Leased Assets

xx

Repairs and Maintenance - Leased Assets Improvements

xx

Restoration and Maintenance - Heritage Assets

xx

Repairs and Maintenance - Other Property, Plant and Equipment

xx

Total Repairs and Maintenance

Taxes, Insurance Premiums andel r Fees

Taxes, Duties and Licenses

xx

Fidelity Bond Premiums

xx

Insurance Expenses

xx

Total Taxes, Insurance Premiums and Other Fees

xx

Labor and Wages

Labor and Wages

xx

Other Maintenance and Operating Expenses

Advertising Expenses

xx

Printing and Publication Expenses

xx

Representation Expenses

xx

Transportation and Delivery Expenses

xx

Rent/Lease Expenses

xx

Membership Dues and Contributions to Organizations

xx

Subscription Expenses

xx

Donations

xxx

Litigation/Acquired Assets Expenses

xx

Other Maintenance and Operating Expenses

xx

Total Other Maintenance and Other Operating Expenses

xx

Total Maintenance and Other Operating Expenses

xx

Financial Expenses

Financial Expenses

Management Supervision/Trusteeship Fees

xx

xxx

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xxx

xxx

xxx

xxx

Annex B1

Interest Expenses

Guarantee Fees

Bank Charges

Commitment Fees

Other Financial Charges

Total Financial Expenses

Non-Cash Expenses

Depreciation

Depreciation - Investment Property

Depreciation - Land Improvements

Depreciation - Infrastructure Assets

Depreciation - Buildings and Other Structures

Depreciation - Machinery and Equipment

Depreciation - Transportation Equipment

Depreciation - Furniture, Fixtures and Books

Depreciation - Leased Assets

Depreciation - Leased Assets Improvements

Depreciation - Heritage Assets

Depreciation - Service Concession Assets

Depreciation - Other Property, Plant and Equipment

Total Depreciation

Amortization

Amortization - Intangible Assets

Impairment Loss

Impairment Loss - Financial Assets

Maturity

Impairment Loss - Loans and Receivab es

Impairment Loss - Lease Receivables

Impairment Loss - Investments in GOCCs

Impairment Loss - Investments in Joint Venture

Impairment Loss - Other Receivables

Impairment Loss - Inventories

Impairment Loss - Investment Property

Impairment Loss - Property, Plant and Equipment

Impairment Loss - Biological Assets

Impairment Loss - Intangible Assets

Impairment Loss - Investments in Associates

Impairment Loss - Other Assets

Total Impairment Loss

Losses

Loss on Sale of Biological Assets

Loss on Sale of Agricultural Produce

Loss on Initial Recognition of Biological Assets

Total Losses

Total Non-Cash Expenses

Current Operating Expenses

Surplus (Deficit) from Current Operations

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Annex 81

Financial Assistance/Subsidy from NGAs, LGUs, GOCCs

Subsidy from National Government

xx

Subsidy from other NGAs

xx

Assistance from Local Government Units

xx

Assistance from Government-Owned and/or Controlled Corporations

xx

Subsidy from Other Funds

xx

Total Financial Assistance/Subsidy from NGAs, LGUs, GOCCs

xx

Less: Financial Assistance/Subsidy to NGAs, LGUs, GOCCs, NGOs/POs

Subsidy to NGAs (for BTr only)

xx

Financial Assistance to NGAs

xx

Financial Assistance to Local Government Units

xx

Budgetary Support to GOCCs

xx

Financial Assistance to NGOs/POs

xx

Subsidies - Others

xx

Total Financial Assistance/Subsidy to NGAs, LGUs, GOCCs

xx

Net Financial Assistance/Subsidy

XX

Other Non-Operating Income

Sale of Assets

Sale of Garnished/Confiscated/Abandoned/Seized Goods and Properties

xx

Gains

Gain on Foreign Exchange (F(RREX

xx

Gain on Sale of Investments

xx

Gain on Sale of Investment Prope

xx

Gain on Sale of Property, Plant and Equipment

xx

Gain on Sale of Intangible Assets

xx

Other Gains

xx

Total Gains

xx

Losses

Loss on Foreign Exchange (FOREX)

xx

Loss on Sale of Investments

xx

Loss on Sale of Investment Property

xx

Loss on Sale of Property, Plant and Equipment

xx

Loss on Sale of Intangible Assets

xx

Loss on Sale of Assets

xx

Loss of Assets

xx

Loss on Guaranty

xx

Other Losses

xx

Total Losses

xx

Surplus (Deficit) for the period

XXX

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Annex C


STATEMENT OF CASH FLOWS



Note

mount

Cash Flows From Operating Activities

Cash Inflows

Receipt of Notice of Cash Allocation

9 xx

Collection of Income/Revenues

0

xx

Receipt of Assistance and Subsidy from Other NGAs, LGUs and GOCCs

1

xx

Collection of Receivables

2 xx

Receipt of Inter-Agency Fund Transfers

3

xx

Receipt of Intra-Agency Fund Transfers

4

xx

Trust Receipts

5

xx

Other Receipts

6 xx

Adjustments

7

xx

Total Cash Inflows

xx

Cash Outflows

xx

Replenishment of Negotiated MDS Checks (for BTr)

8 xx

Remittance to National Treasury

9

xx

Payment ofExpenses

0

xx

Purchase of Inventories

1 xx

Purchase of Consumable Biological Ass s

2 xx

Grant of Cash Advances

3

xx

Prepayments

4

xx

Refund of Deposits 5 xx

Payment of Accounts Payable

6 xx

Remittance of Personnel Benefit Contributions and Mandatory Deductions

7

xx

Grant of Financial Assistance/Subsidy

8

xx

Release of Inter-Agency Fund Transfers

9

xx

Release of Intra-Agency Fund Transfers

0

xx

Other Disbursements

1

xx

Reversal of Unutilized NCA

2 xx

Adjustments

3

xx

Total Cash Outflows

xx

Net Cash Provided by (Used in) Operating Activities

xx

Cash Flows from Investing Activities xx

Cash Inflows

xx

Proceeds from Sale of Investment Property

4 xx

Proceeds from Sale/Disposal of Property, Plant and Equipment

5 xx

Sale of Investments

6 xx

Receipt of Cash Dividends

7 xx

Proceeds from Matured/Return of Investments

8

xx

Collection of Long-Term Loans

9

xx

Proceeds from Sale of Other Assets

0 xx

Total Cash Inflows

xx

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67

68

xxx

Cash Outflows

Purchase/Construction of Investment Property 1 xx

Purchase/Construction of Property, Plant and Equipment 2

xx

Investments 3 xx

Purchase of Bearer Biological Assets 4 xx

Purchase of Intangible Assets 5 xx

Grant of Loans 6 xx

Total Cash Outflows

xx

Net Cash Provided by (Used in) Investing Activities

Cash Flows From Financing Activities

Cash Inflows

Proceeds from issuance of bills and bonds

Proceeds from Domestic and Foreign Loans

Total Cash Inflows

Cash Outflows

Payment of Long-Term Liabilities

Redemption of Bills/Bonds Issued

Payment of Interest Expense (BTR/NG Debt)

Total Cash Outflows

Net Cash Provided by (Used in) Financing Activities

Increase (Decrease) in Cash and Cash Equivalents

Effects of Exchange Rate Changes on Cash and Cash Equivalents

Cash and Cash Equivalents, January 1, 2014

Cash and Cash Equivalents, December 31, 2014

xxx

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Annex C1


STATEMENT OF CASH FLOWS



Amount

Cash Flows From Operating Activities

Cash Inflows



Receipt of Notice of Transfer of Cash Allocation

Receipt of NCA for Trust and other receipts

Receipt of Working Fund for Foreign-Assisted Projects

Collection of Income/Revenues

Collection of tax revenue

Collection of service and business income

Collection of other income

Receipt of shares, grants and donations

Receipt of prior years' income

Receipt of Assistance and Subsidy from Other NGAs, LGUs and GOCCs

Subsidy from Other National Government Agencies

Assistance from Local Government Units

Assistance from Government-Owned and/or Controlled Corporations

Collection of Receivables

Collection of loans and receivables

Collection of lease receivables

Collection of receivable from audit disallowances

Collection of other receivables

Receipt of Inter-Agency Fund Transfers

Receipt of cash for the account of NGAs/ GUs/GOCCs

Receipt of funds for the implementa'tio

rojects from NGAs/LGUs/GOCCs

Receipt of funds for other inter-agen sactions

Receipt of Intra-Agency Fund Transfers

Receipt of funds from CO/Bureaus/ROs/Ous for implementation of programs/projects

Receipt of working fund for foreign-assisted projects

Receipt of funds for other intra-agency transactions

Trust Receipts

Receipt of Disaster Risk Reduction and Management Fund

Receipt of bail bonds

Receipt of guaranty/security deposits

Receipt of customers' deposits

Collection of other trust receipts

Other Receipts

Advance collection of income

Receipt of deposits on Letter of Credits

Receipt of refund of guaranty deposits

Receipt of payment for liquidated damages

Unused Petty Cash Fund

Other deferred credits

Refund of overpayment of Personnel Services

Refund of overpayment of Maintenance and Other Operating Expenses

Receipt of refund of cash advances

Proceeds from terminated treasury bills

Collection from trust receipts from entities other than NGAs/LGUs/GOCCs

Other miscellaneous receipts

Adjustments

Restoration of cash for cancelled/lost/stale checks/ADA

Restoration of cash for unreleased checks

Other adjustments - Inflow

Total Cash Inflows

xxx

xxx

xxx

XXX

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

xxx

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Cash Outflows

Replenishment of Negotiated MDS Checks (for BTr)

xx

Remittance to National Treasury

xx

Payment of Expenses

xx

Payment of personnel services

xx

Payment of maintenance and other operating expenses

xx

Payment of financial expenses

xx

Payment of expenses pertaining to/incurred in the prior years

xx

Liquidation of prior year's cash advances

xx

Purchase of Inventories

xx

Purchase of inventories for sale

xx

Purchase of inventories for distribution

xx

Purchase of inventory held for consumption

xx

Purchase of raw materials inventory

xx

Purchase of Consumable Biological Assets

Purchase of livestock held for consumption/sale/distribution

Purchase of trees, plants and crops held for consumption/sale/distribution

Purchase of aquaculture

Purchase of other consumable biological assets

Grant of Cash Advances

Advances for operating expenses

Advances for payroll

Advances for special purpose/time-bound undertakings

Advances to officers and employees

Prepayments

xx

Advances to Contractors for repair and maintenance of property, plant and equipment (not capitalize

xx

Prepaid Rent

xx


xx

Prepaid Interest

xx

Prepaid Insurance

xx

Other Prepayments

xx

Refund of Deposits

xx

Payment of deposits on letter o

xx

Payment of guaranty deposits

xx

Payment of other deposits

xx

Payment of Accounts Payables

xx

Remittance of Personnel Benefit Contributions and Mandatory Deductions

Remittance of taxes withheld not covered by TRA

Remittance to GSIS/Pag-IBIG/PhilHealth

Remittance of personnel benefits contributions

Remittance of other payables

Grant of Financial Assistance/Subsidy

xx

Subsidy to NGAs

xx

Grant of financial assistance to NGAs/LGUs/GOCCs

xx

Grant of financial assistance to NG0s/POs

xx

Payment of Internal Revenue Allotment

xx

Grant of other subsidies

xx

Release of Inter-Agency Fund Transfers

xx

Advances to Procurement Service

xx

Advances to other NGAs/GOCCs/LGUs for purchase of goods/services as authorized by law

xx

Release of funds to NGAs, GOCCs, LGUs for the implementation of projects

xx

Release of other inter-agency fund transfers

xx

Release of Intra-Agency Fund Transfers

xx

Issuance of Working Fund to foreign service posts and regional consular offices

xx

Issuance of NTCA by CO/ROs to ROs/OUs

xx

Issuance of funding checks by HO/CO/ROs to ROs/OUs

xx

Release of other infra-agency fund transfers

xx

Other Disbursements

xx

Refund of excess income

xx

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Refund of excess Working Fund/fund transfers/Trust Fund

Refund of bail bond

Refund of guaranty/security deposits

Refund of customers'deposit

Refund of cash advances

Other disbursements

Reversal of Unutilized NCA

Adjustments

Reversion/Return of unused NCA

Adjustment for dishonored checks

Adjustment for cash shortage

Reversing entry for unreleased checks in previous year

Other adjustments - Outflow

Total Cash Outflows

Net Cash Provided by (Used in) Operating Activities

Cash Flows from Investing Activities

Cash Inflows

Proceeds from Sale of Investment Property

Proceeds from Sale/Disposal of Property, Plant and Equipment

Sale of Investments

Proceeds from sale of stocks/bonds/marketable securities

Sale of investment in joint venture

Sale of investment in associates

Sale of other investments

Receipt of Cash Dividends

Proceeds from Matured/Return of Investments

Redemption of long term investments

Proceeds from matured investments

Proceeds from the return on investment in joint venture

Proceeds from the return on investment in associates

Collection of Long-Term Loan

Repayment of long term-loan

CC/GFI

Collection of long-term loans

Proceeds from Sale of Other Assets

Total Cash

Inflows

Cash Outflows

Purchase/Construction of Investment Property

Purchase/Construction of Property, Plant and Equipment

Purchase of land

Payment for land improvements

Construction of infrastructure assets

Construction of buildings and other structures

Purchase of machinery and equipment

Purchase of transportation equipment

Purchase of furniture, fixtures and books

Payments for leased assets improvements

Construction in progress

Construction/Acquistion of heritage assets

Purchase of other property, plant and equipment

Payment of right-of-way

Advances to contractors

Payment of guaranty deposit

Payment of retention fee to contractors

Payment of other fees charged to the projects

Payment of incidental expenses

Payment for rehabilitation of property, plant and equipment (capitalized repair)

Payment of accounts payable for the construction of property, plant and equipment

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

XXX

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COA_C2015-002 Supplementary Guidelines on the Implementation of PPSA

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