COOPERATIVE DEVELOPMENT AUTHORITY

AUDITED FINANCIAL REPORT (AFS) REPORT 2018

COOPERATIVE PROFILE

CAPR REFERENCE FILING NUMBER: 53174

NAME OF COOPERATIVE: Agutayan-Cubay Agrarian Reform Cooperative
Sitio Agutayan, Bargy. Cubay, San Enrique, Iloilo,
ADDRESS:
Region 06
REGISTRATION NUMBER: 9520-1060000000025741
TIN NUMBER: 468-309-355-000
EMAIL ADDRESS: acarco.sanenrique@gmail.com
CONTACT NUMBER: 09974459781
CEA NUMBER: 60201525741
NAME OF ACCREDITED EXTERNAL
Ma. Elena G. Deleña-Medez
AUDITOR:
BOARD OF ACCOUNTANCY NUMBER: 2105
BOARD OF ACCOUNTANCY VALIDITY: 0000-00-00
EFFECTIVITY DATE OF CEA: January 01,2017

STATEMENT OF FINANCIAL CONDITION

ASSETS
Current Assets
Cash and Cash Equivalent (Schedule 1) 291,517.82
Loans and Receivable (Schedule 2) 4,777,050.35
Financial Assets (Schedule 3) 0.00
Inventories (Schedule 4) 246,034.15
Biological Assets (Schedule 5) 0.00
Other Current Assets (Schedule 6) 0.00
Total Current Assets 5,314,602.32

Non-Current Assets
Financial Assets - Long Term (Schedule 7) 0.00
Invesment in Subsidiaries 0.00
Invesment in Associates 0.00
Invesment in Joint Venture 0.00
Investment Property (Schedule 8) 0.00
Property, Plant & Equipment (Schedule 9) 6,476,336.96
Biological Assets (Schedule 10) 34,798.00
Intangible Assets (Schedule 11) 0.00
Other Non-Current Assets (Schedule 12) 0.00
Total Non-Current Assets 6,511,134.96
Total Assets 11,825,737.28

LIABILITIES
Current Liabilities
Deposit Liabilities (Schedule 13) 44,685.64
Trade and Other Payables (Schedule 14) 64,404.56
Accrued Expenses (Schedule 15) 0.00
Other Current Liabilities (Schedule 16) 21,767.78
Total Current Liabilities 130,857.98

Non-Current Liabilities
Loans Payable (Schedule 17) 5,079,362.31
Bonds Payable (Schedule 18) 0.00
Revolving Capital Payable 0.00
Retirement Fund Payable 0.00
Finance Lease Payable - Long Term 0.00
Other Non-Current Liabilities (Schedule 19) 0.00
Total Non-Current Liabilities 5,079,362.31
Total Liabilities 5,210,220.29

MEMBERS' EQUITY
Paid-up Capital, Common (Schedule 20) 98,667.00
Paid-up Capital, Preferred (Schedule 21) 0.00
Deposit for Share Capital Subscription 0.00
Statutory Funds (Schedule 22) 13,328.53
Donations and Grants 6,503,521.59
Revaluation Surplus 0.00
Total Members' Equity 6,615,517.12
Total Liabilities and Members' Equity 11,825,737.41
 STATEMENT OF OPERATION

REVENUES
Income from Credit Operations (Schedule 23) 34,214.86
Income from Service Operations (Schedule 24) 507,404.46
Income from Marketing Operations (Schedule 25) 0.00
Income from Consumers/Catering Operations (Schedule 26) 41,992.64
Income from Production Operations (Schedule 27) 0.00
Other Income (Schedule 28) 252,305.69
TOTAL REVENUES 835,917.65

EXPENSES
Financing Cost (Schedule 29) 0.00
Selling/Marketing Cost (Schedule 30) 21,559.50
Administrative Cost (Schedule 31) 783,261.29
TOTAL EXPENSES 804,820.79

NET SURPLUS before Other Items 31,096.86

OTHER ITEMS (Schedule 32) 0.00

NET SURPLUS (FOR ALLOCATION) / (NET LOSS) 31,096.86

Allocation: % of Net Surplus

Reserve Fund 0.10 3,109.69
Coop. Education & Training Fund
CETF - LOCAL 0.05 1,554.84
DUE TO CETF 0.05 1,554.84
Community Development Fund 0.03 932.91
Optional Fund 0.07 2,176.78
Total Statutory Reserves 9,329.06
Interest on Share Capital 0.50 10,883.90
Patronage Refund 0.50 10,883.90
Total 31,096.86

Encoded by:

Mary Claire G. Palmejar

Secretary
 STATEMENT OF FINANCIAL CONDITION - SCHEDULES

ASSETS
CURRENT ASSETS
Schedule 1 - Cash and Cash
Equivalents
70,593.4
Cash on Hand
8
Checks & Other
0.00
Cash Items (COCI)
220,924.
Cash in Bank
34
Cash in
Cooperative 0.00
Federation
Petty Cash Fund 0.00
Revolving Fund 0.00
Change Fund 0.00
ATM Fund 0.00
Total Cash and 291,517.
Cash Equivalents 82

Schedule 2 - Loans and

Receivable
Loans Receivable
Loans
4,222,84
Receivable -
6.50
Current
Loans
Receivable - Past
Due (based on
PAR)
1 - 30 days 0.00
31 - 360 days 0.00
over 360 days 0.00
Total Past
0.00
Due Loans
Loans
Receivable 0.00
Restructured
Loans
Receivable - Loans 0.00
in Litigation
Less: Unearned
Interests and 0.00
Discounts
Less: Allowance
for Probable 0.00
Losses on Loans
 Net, Loans 4,222,84
Receivable 6.50

Accounts
Receivable
Accounts
102,513.
Receivables Trade
48
- Current
Accounts
Receivables Trade 0.00
- Past Due
Accounts
Receivables Trade 0.00
- Restructured
Accounts
Receivables Trade 0.00
- in Litigation
Less: Allowance
for Probable
Losses on 0.00
Accounts
Receivable Trade:
Net, Accounts 102,513.
Receivable 48

Installment
Receivable
Installment
Receivables - 0.00
Current
Installment
Receivables - Past 0.00
Due
Installment
Receivables - 0.00
Restructured
Installment
Receivables - in 0.00
Litigation
Less: Allowance
for Probable
Losses on 0.00
Installment
Receivables:
Unrealized
0.00
Gross Margin

Sales Contract
0.00
Receivable
Less: Allowance
for Probable 0.00
Losses - Sales
Contract
Receivbles
Net, Sales
Contract 0.00
Receivable

Accounts
231,679.
Receivable - Non
13
Trade
Advances to
Officers,
0.00
Employees and
Members
Due from
Accountable 220,011.
Officers and 24
Employees
Finance Lease
0.00
Receivable
Less: Allowance
for Impairment -
0.00
Finance Lease
Receivable
Other Current
0.00
receivables
Total Loans and 4,777,05
Receivables 0.35

Schedule 3 - Financial Assets

Financial Asset at
Fair Value through 0.00
Profit or Loss
Financial Asset at
0.00
Cost
Total
0.00
Financial Assets

Schedule 4 - Inventories
Merchandise 215,724.
Inventory 15
Repossessed
0.00
Inventories
Spare
Parts/Materials
0.00
and Other Goods
Inventory
Raw Materials
0.00
Inventory
Work in Process
0.00
Inventory
Finished Goods 0.00
Inventory
Inventory -
30,310.0
Agricultural
0
Produce
Equipment for
0.00
Lease Inventory
Less: Allowance
for Impairment - 0.00
Inventory
Total 246,034.
Inventories 15

Schedule 5 - Biological
Assets - Current
Biological Assets
0.00
- plants
Biological Assets
0.00
- animals
Less: Impairment 0.00
Net 0.00

Schedule 6 - Other Current

Assets
Input Tax 0.00
Creditable Vat 0.00
Creditable
0.00
Withholding Tax
Deposit to
0.00
Suppliers
Unused Supplies 0.00
Assets Acquired
in Settlement of 0.00
Loans/Accounts
Less:
Accumulated
Depreciation and
Impairment - 0.00
Assets Acquired in
Settlement of
Loans/Accounts
Prepaid Expenses 0.00
Other Current
0.00
Assets
Total Other
0.00
Current Assets

NON CURRENT ASSETS

Schedule 7 - Financial Assets
- Long Term
Financial Asset at 0.00
Cost
Less: Allowance
for Impairment -
0.00
Financial Asset at
Cost
Net 0.00

Financial Asset at
0.00
Amortized Cost
Less: Allowance
for Impairment -
0.00
Financial Asset at
Amortized Cost
Net 0.00
Total Financial
Instruments - Non 0.00
- Current

Schedule 8 - Investment
Property
Accumula
Balance, Impairm
Dispos ted Balance,
Beginnin Additions Total ent
al Depreciat End
g Loss
ion
Investment
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Property - Land
Investment
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Property - Building
Real and Other
Properties 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Acquired (ROPA)
Total
Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Property

Schedule 9 - Property, Plant

and Equipment (PPE)
Accumula
Balance, Additions/Ap Impairm
Dispos ted Balance,
Beginnin praisal Total ent
al Depreciat End
g Increase Loss
ion
279,190. 279,190. 279,190.
Land 0.00 0.00 0.00
40 40 40
Land
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Improvements
Building and 389,526. 389,526. 389,526.
0.00 0.00 0.00 0.00
Improvements 10 10 10
Building on
Leased/Usufruct 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Land
Utility Plant 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 Property, Plant
and Equipment - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Under Finance
Furniture,
Fixtures & 8,638.00 0.00 0.00 8,638.00 0.00 0.00 8,638.00
Equipment (FFE)
Machineries,
195,000. 195,000. 195,000.
Tools and 0.00 0.00 0.00 0.00
00 00 00
Equipment
Kitchen, Canteen
and Catering
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equipment/Utensil
s
Transportation 4,627,19 4,627,19 4,627,19
0.00 0.00 0.00 0.00
Equipment 7.70 7.70 7.70
Linens and
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Uniforms
Nursery/Greenho
0.00 0.00 0.00 0.00 0.00 0.00 0.00
uses
Leasehold Rights
& Improvements 0.00 0.00 0.00 0.00 0.00 0.00
(Net)
Construction in
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Progress
Other Property,
976,784. 976,784. 976,784.
Plant and 0.00 0.00 0.00 0.00
76 76 76
Equipment
Total Property,
6,476,33 6,476,33 6,476,33
Plant and 0.00 0.00 0.00 0.00
6.96 6.96 6.96
Equipment

Schedule 10 - Biological
Assets
Biological Assets 34,798.0
- Animals 0
Less:
Accumulated
Depreciation - 0.00
Bioloigical Assets -
Animals
34,798.0
Net
0

Biological Assets
0.00
- Plants
Less:
Accumulated
Depreciation - 0.00
Bioloigical Assets -
Plants
Net 0.00
Total Biological 34,798.0
Assets 0

Schedule 11 - Intangible
Assets
Franchise 0.00
Franchise Cost 0.00
Copyright 0.00
Patent 0.00
Total
Intangible
0.00
Biological Assets
(Net)

Schedule 12 - Other Non-

Current Assets
Computerization
0.00
Cost, Net
Other Funds and
0.00
Deposits
Finance Lease
0.00
Receivable
Due from Head
Office/Branch/Sub 0.00
sidiary
Deposit on
Returnable 0.00
Containers
Miscellaneous
0.00
Assets
Total Other
Non-Current 0.00
Assets

LIABILITIES
CURRENT LIABILITIES
Schedule 13 - Deposit
Liabilities
44,685.6
Savings Deposits
4
Time Deposits 0.00
Total Deposit 44,685.6
Liabilities 4

Schedule 14 - Trade and

Other Payables
Accounts Payable
0.00
- Trade
Accounts Payable 46,959.5
- Non-Trade 6
 Loans Payable -
0.00
Current
Finance Lease
0.00
Payable - Current
Due to Deployed 17,445.0
Members 0
Cash Bond
0.00
Payable
Other Payables 0.00
Total Accounts 64,404.5
and Other Payable 6

Schedule 15 - Accrued
Expenses
Due to
Regulatory 0.00
Agencies
SSS/ECC/PhilHeal
th/Pag-Ibig
Premium 0.00
Contributions
Payable
SSS/Pag-Ibig
0.00
Loans Payable
Withholding Tax 0.00
Output Tax 0.00
VAT Payable 0.00
Income Tax
0.00
Payable
Other Accrued
0.00
Expenses
Total Accrued
0.00
Expenses

Schedule 16 - Other Current

Liabilities
Deposit from
0.00
Customers
Advances from
0.00
Customers
School Program
Support Fund 0.00
Payable
Interest on Share 10,883.8
Capital Payable 9
Patronage 10,883.8
Refund Payable 9
Due to
Union/Federation 0.00
(CETF)
 Other Current
0.00
Liabilities
Total Other 21,767.7
Current Liabilities 8

NON-CURRENT LIABILITIES
Schedule 17 - Loans Payable
5,079,36
Loans Payable
2.31
Less: Discounts
0.00
on Loans Payable
Loans Payable, 5,079,36
Net 2.31

Schedule 18 - Bonds Payable

Bonds Payable 0.00
Add: Bond
0.00
Premium
Less: Un-
amortized Bond 0.00
Discount
Bonds Payable,
0.00
Net

Schedule 19 - Other Non-

Current Liabilities
Project
0.00
Subsidiary Fund
Members'
Benefit and Other 0.00
Funds Payable
Due to Head
Office/Branch/Sub 0.00
sidiary
Other Non-
0.00
Current Liabilities
Total Other
Non-Current 0.00
Liabilities

EQUITY
MEMBERS' EQUITY
Schedule 20 - Authorized
Share Capital - Common
Authorized Share
0.00
Capital - Common
Par Value Per
0.00
Share
Subscribed Share
0.00
Capital - Common
 Paid-Up Share 98,667.0
Capital - Common 0
Treasury Shares
0.00
Capital - Common
Total Paid-Up
98,667.0
Share Capital -
0
Common

Schedule 21 - Authorized
Share Capital - Preferred
Authorized Share
0.00
Capital - Preferred
Par Value Per
0.00
Share
Subscribed Share
0.00
Capital - Preferred
Paid-Up Share
0.00
Capital - Preferred
Treasury Shares
0.00
Capital - Preferred
Total Paid-Up
Share Capital - 0.00
Preferred

Schedule 22 - Statutory
Funds
Current
Current
Balance, Year's Balance,
Year's Total
Beg. Utilizatio End
Allocation
n
7,278.
Reserve Fund 4,168.90 3,109.69 0.00 7,278.59
59
Coop. Education 2,016.
461.90 1,554.84 0.00 2,016.74
& Training Fund 74
Community 1,209.
277.06 932.91 0.00 1,209.97
Development Fund 97
2,823.
Optional Fund 646.46 2,176.78 0.00 2,823.24
24
Total, Statutory 13,328 13,328.5
5,554.32 7,774.22 0.00
Funds .54 4
 STATEMENT OF OPERATION - SCHEDULES

REVENUE ITEMS
Schedule 23 - Income from Credit Operations
Interest Income from Loans 32,573.86
Service Fees 1,641.00
Filing Fees 0.00
Fines, Penalties, Surcharges 0.00
Total Income from Credit Operations 34,214.86

Schedule 24 - Gross Revenue from Service Operations

Service Income 507,404.46
Interest Income from Lease Agreement 0.00
Total Revenues 507,404.46
Less: Cost of Services 0.00
Gross Revenue from Service Operation 507,404.46
Less Operating Expenses 0.00
Income from Service Operation 507,404.46

Schedule 25 - Gross Margin from Marketing Operations

Sales 0.00
Installment Sales 0.00
Less: Sales Returns & Allowances 0.00
Less: Sales Discounts 0.00
Net Sales 0.00
Less: Cost of Good Sold 0.00
Gross Margin from Marketing Operations 0.00
Less Operating Expenses 0.00
Income from Marketing Operations 0.00

Schedule 26 - Gross Margin from Consumers/Catering Operations

Sales 636,750.09
Less: Sales Returns & Allowances 0.00
Less: Sales Discounts 0.00
Net Sales 636,750.09
Less: Cost of Good Sold 594,757.45
Gross Margin from Consumers/Catering Operations 41,992.64
Less Operating Expenses 0.00
Income from Consumers/Catering Operations 41,992.64

Schedule 27 - Gross Margin from Production Operations

Sales 0.00
Less: Sales Returns & Allowances 0.00
Less: Sales Discounts 0.00
 Net Sales 0.00
Less: Cost of Goods Manufactured and Sold 0.00
Gross Margin from Production Operations 0.00
Less Operating Expenses 0.00
Income from Production Operations 0.00

Schedule 28 - Other Income

Income/Interest from Investment/Deposits 126,901.52
Membership Fee 6,000.00
Commission Income 17,041.75
Realized Gross Margin 0.00
Miscellaneous Income 102,362.42
Total, Other Income 252,305.69

Schedule 29 - Financing Costs

Interest Expense on Borrowings 0.00
Interest Expense on Deposits 0.00
Other Financing Charges 0.00
Total, Financing Costs 0.00

Schedule 30 - Selling/Marketing Costs (for consumer & marketing only)

Advertising and Promotion 0.00
Amortization 0.00
Amortization of Leasehold Rights and Improvement 0.00
Breakage & Losses on Kitchen Equipment 0.00
Commission Expenses 0.00
Communication 0.00
Depreciation 0.00
Employees Benefits 0.00
Freight Out/Delivery Expenses 0.00
Gas, Oil and Lubricants 0.00
Incentives and Allowances 0.00
Insurance 0.00
Miscellaneous Expense 0.00
Power, Light and Water 0.00
Product/Service Development 0.00
Product Research 0.00
Product/Service Marketing and Promotion 0.00
Rentals 0.00
Repairs and Maintenance 0.00
Representation 0.00
Retirement Benefit Expense 0.00
Royalties 0.00
Salaries and Wages 15,603.75
Spoilage, Breakage and Losses 2,089.00
 SSS, Philhealth, ECC, Pag-ibig Premium Contributions 0.00
Storage/Warehousing Expenses 3,866.75
Store/Canteen/Kitchen and Catering Supplies 0.00
Taxes, Fees and Charges 0.00
Travel and Transportation 0.00
Total, Selling/Marketing Costs 21,559.50

Schedule 31 - Administrative Costs

Affiliation Fee 0.00
Amortization 0.00
Amortization of Leasehold Rights and Improvement 0.00
Bank Charges 0.00
Certifications and Recognitions 0.00
Collection Expense 0.00
Communication 6,916.00
Depreciation 0.00
Employees Benefits 22,362.38
Gas, Oil and Lubricants 14,915.00
General Assembly Expenses 24,769.63
General Support Services 164,819.26
Imparment Loss 0.00
Insurance 0.00
Litigation Epenses 0.00
Meeting and Conferences 0.00
Members' Benefits Expense 0.00
Miscellaneous Expense 0.00
Office Supplies 27,940.18
Officers' Honorarium and Allowances 27,123.75
Periodicals, Magazines and Subscription 0.00
Power, Light and Water 8,985.60
Professional Fees 9,000.00
Provision for Members' Future Benefits 0.00
Provision for Probable Losses on Accounts/Loans/Installment Receivables 0.00
Rentals 0.00
Repairs and Maintenance 44,995.00
Representation 9,200.65
Retirement Benefit Expense 0.00
Salaries and Wages 259,590.44
School Program Support 0.00
Social and Community Service Expense 0.00
SSS, Philhealth, ECC, Pag-ibig Premium 0.00
Taxes, Fees and Charges 57,993.87
Trainings/Seminars 26,700.00
Travel and Transportation 77,949.53
Total, Administrative Cost 783,261.29
Schedule 32 - Other Items
Project Subsidy 0.00
Donation and Grant Subsidy 0.00
Optionl Fund Subsidy 0.00
Gains on Sale of Property & Equipment 0.00
Gains on Investment 0.00
Gains on Sale of Repossessed Item 0.00
Gains from Foreign Exchange Valuation 0.00
Subsidized Project Expenses 0.00
Losses on Sale of Proprty & Equipment 0.00
Losses in Investment 0.00
Losses on Sale of Repossessed Item 0.00
Losses from Foreign Exchange Valuation 0.00
Prior Year's Adjustmet (can be positive or negative) 0.00
Total, Other Items - Subsidy/Gain (Losses) 0.00