Municipality of Casiguran

Consolidated Balance Sheet

As of December 31, 2010
(With Comparative Figures for CY 2009)
2010
ASSETS
Current Assets
Cash (Note 5)
Receivable (Note 6)
Prepayment
Other Current Assets
Total Current Assets
Property, Plant and Equipment (Note 7)
Land and Land Improvement
Building
Office Equipment,Furniture and Fixture
Machineries And equipment
Transportation Equipment
Other Property Plant and Equipment
Public Infrastructure
Construction in Progress
Total
Less: Accumulated Depreciation
Other Assets
TOTAL ASSETS
LIABILITIES AND EQUITY
LIABILITIES
Current Liabilities (Note 8)
Long Term Liabilities
Deferred Credit (Note 9)
Total Liabilities
EQUITY
Government Equity, Beginning
Add/Deduct:
Retained Operating Surplus/(Loss)
Prior Year's Adjustments
Transfer to Registry
Government Equity, End (Note 10)
TOTAL LIABILITIES AND EQUITY

P20,273,298.05
40,721,796.01

2009

60,995,094.06

P32,712,435.65
7,586,440.51
815,082.55
7,640.70
41,121,599.41

26,092,857.04
13,015,262.35
9,812,890.11
10,192,394.99
23,350,501.17
1,507,879.00
1,720,722.70
4,202,619.20
89,895,126.56
21,099,075.70
68,796,050.86
211,145.02
130,002,289.94

26,854,386.54
12,181,987.85
5,824,879.11
7,853,062.10
8,585,153.76
1,064,229.00
7,034,239.21
12,531,647.00
81,929,584.57
81,929,584.57
203,504.32
123,254,688.30

5,229,027.39
29,159,981.38
34,389,008.77

4,485,006.36
191,794.72
2,623,246.37
7,300,047.45

115,954,640.85

100,982,704.52

7,245,646.28
(7,907,123.85)
(19,679,882.11)
95,613,281.17
P130,002,289.94

13,605,257.22
1,366,679.11
115,954,640.85
P123,254,688.30

(See Accompanying Notes to Financial Statements

Municipality of Casiguran
Consolidated Statement of Income and Expenses
For the Year ended December 31, 2010
(With Comparative Figures for CY 2009)
2010
Income
Local Taxes
Permit and Licenses
Service Income
Business Income
Other Income
Total Income
Less: Expenses
Personal Services
Maintenance and Other Operating Expenses
Financial Expenses
Total Expenses
Operating Income
Income Before Subsidies and Extra Ordinary Items
Add: Subsidies from LGUs
Total
Less: Subsidies and Donations
Income Before Extra Ordinary Items
Deduct: Extra Ordinary Items
NET INCOME

2009

P2,708,838.75
587,866.52
208,163.10
1,435,361.04
85,888,277.58
90,828,506.99

P2,519,938.08
583,093.14
198,858.16
1,090,323.75
80,841,585.00
85,233,798.13

38,425,330.26
45,157,530.45

36,316,071.69
35,312,469.22

83,582,860.71
7,245,646.28

71,628,540.91
13,605,257.22

7,245,646.28
7,245,646.28
P7,245,646.28

13,605,257.22
13,605,257.22
P13,605,257.22

(See Accompanying Notes to Financial Statements

Municipality of Casiguran
Consolidated Statement of Cash flows
For the Year ended December 31, 2009
2010
Cash Flows from Operating Activities
Cash Inflows
Collection from Taxpayer
Share from Internal Revenue Collections
Interest Income
Other Receipt
Total Cash Inflows
Cash Outflows
Payments
To Supplier/Creditor
To Employees
Other Expenses
Total Cash Outflows
Net Cash From Operating Activities
Cash Flows from Investing Activities
Cash Inflows
From Collection of Principal on Loans
Total Cash Inflows
Cash Outflows
To Purchase Property, Plant and Equipment
To Grant/Make Loans to Other Entities
Total Cash Outflows
Net Cash From Investing Activities
Net Increase In Cash
Cash at the Beginning of the Period
Cash at the End of the Period

2009

P2,912,401.12
85,749,707.00
248,462.24
6,424,429.60
95,334,999.96

P4,392,213.13
80,841,585.00
13,091,586.53
98,325,384.66

40,805,793.93
43,476,492.03
7,234,773.76
91,517,059.72
3,817,940.24

36,268,109.22
36,316,071.69
3,336,435.58
75,920,616.49
22,404,768.17

16,257,077.84
16,257,077.84
(16,257,077.84)
(12,439,137.60)
32,712,435.65
P20,273,298.05

(See Accompanying Notes to Financial Statements

20,409,084.30
20,409,084.30
(20,409,084.30)
1,995,683.87
30,716,751.78
P32,712,435.65