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  • Majayjay Hydro Power Company Inc-LIQUIDITY

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    Romulo Urcia
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    The audited financial statement of Majayjay Hydropower Company Inc. as of December 31, 2014 shows current assets of $3,259,121.43. Current liabilities include payables of $793,968.58 and deposits for future subscriptions of $6,800,000, totaling $7,593,968.58 in current liabilities. Subtracting current liabilities from current assets leaves a difference of -$4,334,847.15.

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    Majayjay Hydro Power Company Inc-LIQUIDITY

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    The audited financial statement of Majayjay Hydropower Company Inc. as of December 31, 2014 shows current assets of $3,259,121.43. Current liabilities include payables of $793,968.58 and deposits for future subscriptions of $6,800,000, totaling $7,593,968.58 in current liabilities. Subtracting current liabilities from current assets leaves a difference of -$4,334,847.15.

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    © All Rights Reserved
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    93 views1 page

    Majayjay Hydro Power Company Inc-LIQUIDITY

    Uploaded by

    Romulo Urcia
    The audited financial statement of Majayjay Hydropower Company Inc. as of December 31, 2014 shows current assets of $3,259,121.43. Current liabilities include payables of $793,968.58 and deposits for future subscriptions of $6,800,000, totaling $7,593,968.58 in current liabilities. Subtracting current liabilities from current assets leaves a difference of -$4,334,847.15.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    AUDITED FINANCIAL STATEMENT OF MAJAYJAY HYDROPOWER COMPANY INC.

    AS OF DECEMBER 31, 2014


    CURRENT ASSETS

    3,259,121.43

    CURRENT LIABILITIES
    PAYABLES
    DEPOSIT FOR FUTURE SUBSCRIPTIONS

    793,968.58
    6,800,000.00

    TOTAL CURRENT LIABILITIES

    7,593,968.58

    CURRENT ASSETS LESS CURRENT LIABILITIES

    (4,334,847.15)

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