‘Republic of the Phitippines OFFICE OF THE PRESIDENT Department of Finance COOPERATIVE DEVELOPMENT AU’ MEMORANDUM CIRCULAR NO. 2009-04 Series of 2009 To : ALL CONCERNED SUBJECT : STANDARD CHART OF ACCOUNTS FOR COOPERATIVES Pursuant 19 Section 3 of Republic Act No. 6939, an Act creating the Cooperative Development Authority defining its Powers, Functions and Responsibilities, the Authority hereby issues this Memorandum Circular prescribing the usage of Standard Chart of Accounts for is Circular shall be applied in the accounting and financial reporting of all types of cooperatives, duly registered with the Cooperative Development Authority pursuant to Republic Act lo. 9520, otherwise known as the Philippine Cooperative Code of 2008. IE. Objective and Purposes The basic purpose of presctibing the standard chart of accounts is to provide guidelines in the use of account and account titles in the preparation of financial statements for the use of all types of cooperatives. Specifically, these shall: a) ensure uniformity and common understanding of accounts; b) guide in the installation of accounting and internal control systems; ©} facilitate the conduct of audit; 4) enhance transparency; ) sets standards and discipline in measuring the financial safety and soundness; ‘cio the analysis and evaluation of financial management performance; » ‘de basis in monitoring, supervision and business linkages. A complete set of financial statements inciudes tie following component ‘A. Statement of Financial ‘Condition (Balance Sheet) shows assets, libilities, and equity accounts of a business entity as of a given date, Assets ang liabilities are further classified as current or non-current. Non-current assets include property, plant and equipment, infongible assets, investments and financial assets (excluding investments under the quity method, trade and other receivables and cash and cash equivalents); while non-current Habilities include long-term debt, long-term provisions and other liabi ities that will be settled after-the current operating eycle or will not require the use of current assets. Equity accounts for a cooperative include members’ share capital, donations and/or grants, and statutory funds. ‘Statement of Operations (income Statement) presents revenues, costs and. expenses, gaias and losses and net surplus or net loss. The items presented are recognized in the ‘books using modified accrual basis of accounting. Expenses are classified according t0 their function as part of cost of sales/services rendered, distribution or administrative activities. In a cooperative the difference between revenues and expenses is called net ‘surplus that is allocated in accordance with the Cooperative Code or the cooperative’s by- laws. C. Statement of Changes in Equity shows separately the changes in members’ equity, donations and grants and statutory funds. Transactions affecting these accounts include ‘embers’ capital build-up, refund of share capital due to membership withdrawal, ecceptance of donations and grants in cash or in kind and subsequent utilization, allocation of net surplus to and utilization of statutory funds. Cash Flows Statement is a formal statement summarizing all the cash activities of the cooperatives. These include their operating, investing and financing activities. Notes to Financial Statements include narrative descriptions or more detailed analyses of mounts shown on the face of the financial statements as well as additional information not presented on the face f the Statement of Financial Condition, Statement of Operation and Statement of Cash Flow to achieve fair presentation. It also describes the accounting policies and the measurement basis /bases used in the preparation of the financial statements Standard Chart of Accounts for Cooperatives | ACCOUNT \CCOUNT TITLE | DEFINITION |_ COE STATEMENT OF FINANCIAL CONDITION [7 10699 |ASSET ACCOUNTS - Economic Resources ‘of Cooperatives that are recognized land measured in conformity with Philippine Financial Reporting Standard taking {nto consideration cooperative laws, principles and practices in the Philippines. 71000-12000 CURRENT [Cash and other asseis that are reasonably expected 10 be lASSETS |realized in cash or intended for sale or consummation within liwelve months after the balance sheet date, or the normal loperating cycle of the business, unless it is restricted from being exchanged or used to settle a liability'for at least \ \hwefve months after the balance sheet date (PAS 1) i - T1100 | Cash and Cash (This account refers to cash on hand and demand deposits and i} Equivalents lother cash equivalents that are: (1) readily convertible to \ Iknown amounts of cash; and (2) so near their maturity | riginal maturities of 3 months or less) that they represent lnegligible tisk of changes in value because of changes in | interest rate. (PAS 7) {Trio ‘Cash on Hand [This account refers to money \ ipossession of the cooperative’s claccount (Cope | ACCOUNT THLE DEFINITION T1120 | Checks & Other | This account refers to dated checks, postal money order | Cash Items (PMO) and demand drafts awaiting deposits Coch, : i TH130 ‘Cash in Bank _ [This account refers to money deposited in the bank under the iname of the cooperative, Le. savings, current, time deposits, land combo-account. A subsidiary ledger shall be maintained for each bank account. 11140 Cash in ~ [This account refers to money deposited in the federations to i Cooperative which they are affiliated, ic. savings and time deposits which’ io Federation lare unrestricted and readily available when needed. A subsidiary ledger shall be maintsined for each account. THso Petty Cash Fund |Tais account refers to limited amount of money set aside for small expenditures such as stationeries, supplies and fares ‘maintained under an imprest system. It should be fF ireplenished periodically when the fund gets iow. Pires Revolving Fund [This account refers to the amount set aside to cover disbursements for recurring transactions maintained under an |ionprest system. It should be replenished periodically when the fund gets low. . This may include emergency purchases, i Ivithdrawal of deposits, release of loan proceeds, ete, the |maximurm amount of which shall be predetermined by the [Board of Directors. Tiso ‘Change Fund | This account refers to the reasonable amount of money set 1 jaside by BOD to change bigger amount of bills to smaller \denomination or coins or vise versa. 11200 | Tnvestment at Fair |This account refers to financial assets that is classified as \ Value through iheld to-trading and upon initial recognition are designated by | Profitor Loss _the coop as at fair vaiue through profit or loss. This shall |comprise of both debt and equity securities and shall be lnceounted for in the same manner as Hold to Maturity 11300 ‘Held-to-Maturity |This account refers to debt securities maturing within the (HTM) Financial _|year, quoted in an active market with fixed or determinable Assets [payments and fixed maturity that the cooperative has the \positive intention and ability to hold to maturity (PAS 39). Unamortized [This account refers to the unamortized discount/premium on Diseount/ ITM debt securities, which shall be debited/credited Premium - HTM lmonthly based on the effective interest method with the ‘corresponding credit/debit to “Interest Income ~ HTM Debt \Securities”. 11400 ‘Available-for-Sale_ \This account refers to securities that are designated as (AFS) Financial —_|available-for-sale, and are not classified as: (a) loans and Tso Assets |receivables; (b) held to maturity investments; and (c) financial assets at fair value through profit and loss. [aio “Recumulaied [This account refers to cumulative gains/ (losses) arising from Geins/ Losses |change in the faic value of AFS securities. The contra AFS jcumulative account is “Net Unrealized Gains/ (Losses) on }- |AFS Financial Assets”, which is a separate component of | lequity. ALE FLOEMEN| CODE | ACCOUNT TITLE DEFINITION | 11420 Allowance for [This account refers to the amount of impairment loss that has y Probable been incurred on AFS Securities. This is a temporary | Losses - AFS FA account to offset unrealized gains on investments ~ AFS. [T1500 | Unquoted Debt [This account refers to debt instruments thet do not have @ | Securities Classified| quoted market price in an active market and whose fair value | As Loans lcannot be reliably measured, including derivatives that are | | linked to and must be settled by delivery of such unquoted | \debt instruments, which shall be measured at cost. {11600 Tnvestment in Non- (This account refers to equity instruments that do aot have a { Marketable Equity \qucted market price in an active market, and whose fair value| | Securities (INMES) \cannot be reliably measured, but which shall be measured at ' cost, | si ‘Allowance for [This account refers to cumulative amount of impairment loss } Probable ~ — {that has been incurred on INMES. 1 | ‘Losses — INMES \1i700 Loans And [These refer to financial assets with fixed or determinable i | Receivables \payments that are not quoted in an active market other than. | | |Available for Sale, Held to Maturity and Investment at Fair | : \Value through Profit and Loss. { | anit ‘Loans Receivable|This account refers to the outstanding balance of foans — Current lgranted to the members which are not yet due 11712 | Loans Receivable |This account refers to outstanding balance of loans to j ~Past Due |member-borrowers not paid on installment due date, | considered as Portfolio at Risk (PAR). THT Loans Receivable |This account refers to receivables from the member- 1 Restructured borrowers whose loan accounts, were restructured upon full ' | lpayment of interests due. | . 11714 | Loans Receivable {This account refers to receivables from member-borrowers | —Loans in lunder legal action. ‘The loan shail remain in this account “Litigation during the pendency of the legal proceedings and until fully | |paid/restructured/foreclosed and undergone proceedings. UTS ‘Unearned [This account refers to interest already received but not yet Interests and. learned and presented as a contra asset account. Discounts | Ss Allowance for [This account refers to the cumulative amount set up against Probable Losses |the current operation for possible losses arising from non- on Loans collection of loans. A721 Accounts: \This account refers to the amount due from member and/or | Receivables inon-member patrons resulting from services rendered and | Trade —Current |sales of related goods /merchandise which are expected to be \ |collected within the credit terms set by the Board of lL eS | 40722 ‘Accounts [This account refers to total trade receivables due from \ Receivables | |members and/or non-member patrons which remain unpaid ‘Trade -Past Due [beyond the credit terms set by the BOD.[accounT ‘Cope | ACCOUNT TITLE DEEINITION TTS ‘Recounts [This aacount refers to total Trade receivables from the | Receivables _ {member & non-member patrons whose accounts were | Trade - {restructured upon full payment or settlement of interests due [__Restrctared andlor penalties [1 | Accounts [This account refers to total trade receivables from member | | land non-member patrons under legal action. The receivables | | shall remain inthis account during the pendency of the legal | 1 Iproceedings and until fully settled. TS ‘Alicwance for [This account refers to the cumulative amount set up against Probable. Losses the current operation for possible losses arising from non- | on Accounts collection of secounts. Receivable Trade TT Installment | This account refers to the amount due from members and | Receivables non-member patrons for sale of merchandise/goods on a Current ldeferred payment or fustallment plas. TSE Tnstaliment | This accoutd refers to amount due from members and non- | Receivables~ _ |member patrons for sale of merchandise / goods on a | |” Past Due Ideferred payment or installment plan which remain unpaid. | 'beyond the terms set by the cooperative. | Tras Tnstaliment [This account refers to amount due from members and non- | Receivables— member patrons for sale of merchandise / goods on a | Restructured {deferred payment or installment plan that were restructured | "upon full payment or settlement of interests due and/or | penalties. Tina Tnstaliment ~ [This aceount refers to amount due from members and non- Receivables - in fmember patrons for sale of merchandise / goods on a Litigation deferred payment or installment plan under legal action. The receivables shall remain in this account during the pendency lof the legal proceedings and until fully settled. TTS ‘Allowance for | This accouat refers to the cumulative amount set up against | Probable Ithe current operation for possible losses arising from non- i Losses on collection of installment receivables ‘Installment Receivables {i786 Unrealized Gross [This account refers to the unrealized portion of the gross | Margin lmargin on goods sold on instaliment basis. This is a contra, | jaccount to installment receivable. (used by coops involved in | Ireal estate operations) T1740 | Sales Contract This avcount refers to amortized cost of the receivables Receivable larising from installment sale of assets acquired in settlement lof loans/obligations, 174i ‘Allowance for [This account refers fo the cumulative amount of impairment | Probable lloss that may arise from non-collection of payment on Sales Losses- Sales ‘ontract Receivables. Contract Gore PERO PI t | Receivables fie sacoxb) section “2 [Scene heel core By Neate As Lia[ACCOUNT | y _ cope. | ACCOUNT TITLE DEFINITION | i 750 | Advances to (This account refers to duly approved cash advances for I | Officers, jofficial business to officers, employees and members, subject | | Employees and {to liquidation in accordance with the policy of the | Members \cooperative. T1760 | Due from ‘This account relers to total collectibles due from accountable Accotintable lofficers and employees arising from shortages, losses and ' ¢ Officers and unliquidated cash advances beyond the prescribed period, |_ Employees [that are subject to immediate settlement. 3770 | Finance Lease |This account refers to current portion of the long term lease | Receivable T1780 | Other Current — | This account refers to transactions/adjustments not classified | Receivables lunder any of the receivable accounts mentioned. Ti800 | inventories (These reler to cost or other appropriate value of merchandise \ lend other goods on hand, in-transit, on consignment with lother entities and in process which are intended for sale or | [production (isto Merchandise |This account refers to cost of goods on hand, in consignment | Inventory land in-transit, available for sale at the end of the accounting | lor reporting period. Vise Repossessed This account refers to fair value of inventories previously Tnventories sold but regained as a result of the default of the payments | {dae from members/eustomers. ese Spare | This accoust refers to spare parts/materials and other goods Parts/Materials jon hand and in transit which ate held for sale | & Other Goods Inventory Tea Raw Materials _ |This account refers fo cost of raw materials on hand and in | Inventory. transit at the end of the accounting or reporting period. 1 11850 Work in jis account refers to cost of job or work in process on hand | Process lat the end of accounting or reporting period. | Inventory Tis Finished Goods _ | This account refers to cost of completed job or work orders | | Inventory’ - [and goods manufactured/ produced/ processed on hand and |ready for sale at the end of accounting or reporting period. Tig?) [~ Agricultural [This account refers to the harvested product of the biological Produce lassets and shail be measured at its fair value less estimated [point-of-sale costs at the point of harvest. i Tis80 ‘Equipment for [This account refers fo cost of equipment on hand intended for| \ Lease lease purchase agreement. \ Inventory | tise ‘Allowance for [This account refers to allowance set aside to provide for i ‘the Decline in _|impairment losses on inventory. This is a contra account to Value of inventories. i InventoryACCOUNT TITLE DEFINITION Biological Asseis | This account refers to the cost of ving animals and plants ithe are intended for sale. This shalt be measured at its fair t | lmarket value less estimated point-of-sale costs, except when lestimates of fair value are determined to be clearly lunreliable. Biological assets refer to fiving animals or plants. { \PAS 41). | 13000 | “Other Current |This account refers to any other assets which are expected to | Assets ibe realized, consumed or used within the year. It also | includes any other current assets that are not assigned to cash | ~ land cash equivalents, and loans and receivables. i (iaia0 [pat Tax FFs account refers to value-added tax due from or pald by @ i | = |VAT registered /registrable entity on the importation or local | | lpurchases of merchandise/goods or services including lease | I ruse of property 1305 |” Beposinto This account refers tm the amounl paid in advance fo |__Suppties suppliers. 72300 | Unused "This account refers to cost of supplies on hand. | Supplies [32000 Prepaid [This account refers to payments made in advance, to be | | Expenses lamortized within one (1) year (e.g. insurance, interest, | I [entals, et) "BOW |NON CURRENT [al after asels nor classed as current to include tangible, ¥7000 [ASSETS Intangible, operating and financial assets of a long term { pratwre. 13100 | Held-to-Maturity |This account refers to debt seoutities quoted in an active (HTM) Financial {market with fixed or determinable payments and fixed Assets [maturity that the cooperative has the positive intention and lability to hold to maturity (or as defined under PAS 39). L (site Un-amortized | This account refers to the unamortized discount/premium on | Discount! IHTM debt securities, which shall be debited/eredited | Premium - |montbly based on the effective interest method with the | HIM |corresponding credit/debit to “Interest Income ~ HTM Debt Securities”. 13120 Allowance for [This account refers to the cumulative amount of impairment Probable loss that has been incurred on HTM LT —FA securities. ‘Losses — HTM- LYRA 15200 | Available-for- This account refers to securities that are designated as Sale (AFS) lavailable-for-sale, and are not classified as: (a) loans and Financial Assets receivables; (b) held to maturity investments; and (c) [financial assets at fair value through profit and loss. #3216 | Accumulated [This account refers to cumulative gains/ (losses) arising from | Gains/ Losses _|change in the fair value of AFS securities. The contra | ~AFS _ - [cumulative account is “Net Unrealized Gains/ (Losses) on |AFS Financial Assets”, which is « separate component of {| equity.ACCOUNT | accouNT TITLE DEFINITION CODE | | 15220 | Allowance for his account refers to the amount oF impalrinent loss Wha has Probable been incurred on AFS Securities. This is a temporary Losses-AFS _ faccount to offset unrealized gains on investments — AFS, FA 13300 | Unquoted Debt | This account refers to debt instruments that Jo not havea Securities [Quoted market price in an active market and whose fair value | Classified As [cannot be reliably measured, including derivatives that are Loans Hinked to and must be setted by delivery of such unquoted debt instruments, which shall be measured at cost. 13400 | Tnvestment in ‘This account refers to equity instruments that do nat have @ Non-Marketable juoted market price in an active market, and whose fair value | ‘a Equity Securities |cannot be reliably measured, but which shall be scasured at er) cost. Allowance for This account refers to cumulative amount of impalmmieat Tose Probable Losses that has been incurred on INMES. —INMES 13500 | Tnvestment in This account refers to the amount of the cooperatives Subsidiaries/ investment in the equity instruments of unconsolidated Associates and ~ subsidiaries! associates, or pint ventures, Accounted for in “olnt Ventures leccordance with PAS 27 for Investment in Subsidiaries, PAS 28 for Investment in Associates and PAS 31 for Investment fin Vs. 13600 | Investment |Cost of property (land or building or a portion thereof) used Property to generate income or capital appreciation or both, not used in production of goods, supply ot services nor for | |administrative purposes nor sale in ‘the ordinary course of [business measured at cost and subject to depreciation. Fair value of property must be disclosed at the end of {sccounting/reporting period (PAS 40), 43610 | Investment \This account refers to cost of land 4 portion thereof to | Property = \generate income or capital appreciation or both, not used in Land [Production of goods, supply or services nor for administrative [purposes or sale in the ordinary course of business measured |at cost. Fair value of the property must be disclosed at the lead of the accounting/reporting period, [Bea investment [This account refers to the cost of building or a portion thereo# Property — to generate income or capital appreciation or both, not used Building in production of goods, supply or services nor for administrative purposes cr sale in the ordinary course of [business measured at cost and subject to depreciation. 13650 ‘Accumulated (This account refers tothe total amount of depreciation and Depreciation _jimpairment on Investment Property - Building that are set up & Impairment _Jpetiodicaity and charged against the current operations, | = Investment Property- Bldg. 15700 || Real and Other”) This account refers to real and other properties, acquired by Properties ithe co-op in settiément of loans and receivables ‘through: Acquired (ROPA) {foreclosure or dacion en pago andlor for other reasons, [Should the cooperative use such assets in its main operation, [the same assets shall bel (cops | ACCOUNT TITLE | DEFINITION ("13710 |” Allowance for [This account refers to the cumulative amount of impairment \ Probable loss incurred on ROPA, which shall be accounted for in| | Losses — leccordance with PAS 36 |_RoPA 14005 | Property, Plant |All tangible assets with an estimated useful lie beyond one | | and Equipment ar, are used in the conduct of the business, and not lintended for sale in the ordinary course of business. \Recorded at cast or fair value if donated. Taio Land (This account refers to the acquisition cost of the land used for | its main operation plus all incidental costs such as title, taxes, surveying fees, legal fees, restoration cost, and other cost, jeto. All these are reflected in a single cost (fair market value jor appraised value if donated). Taxes paid by the |cooperatives as a contribution to the cost of public limprovements (special assessment) are treated as part of the cost of the land. At the end of the accounting! reporting, period, fair value of the property must be disclosed. iat ‘Accumulated {This account refers to the total amount of impairment that are Impairment _|set up and charged against the current operation. Loss [~¥4i30 Land {This account refers to the cost of depreciable improvements Improvements _|afler land acquisitions such as fencing, roadways, landscaping, etc, that are subject to depreciation over their luseful tives. iia ‘Accumulated {This sceount refers to the total amount of depreciation’ Depreciation~ _jimpairment cost on land improvement that are set up Land [periodically and charged against the current operations. Improvements 14130 Building and | This account refers to the acquisition/constraction cost of the | improvements [building and its improvement on the land owned and used for - fits main operation, Major repairs or improvements that will [prolong the life of the building are considered capitalizable Icost. At the end of the accounting/ reporting period, fair : ivalue of the property must be disclosed. [iai3T ‘Accumulated ~~|This account refers to the total amount of depreciation! Depreciation - _ linipairment cost on building that are set up periodically and Building and charged against the current operations Improvements Taig Building on | This account refers to the cost of construction of new Leased/Usuftuct [building on a feased/usutfruct land and shall be depreciated Land lover the estimated life of the building or the lease/usufuct | {term whichever is shorter. (ait ‘Accumulated | This account refers to total amount of depreciation on | Depreciation ~ [Building on Leased/Usufruct Land based on cost that are set- | Building on _|up perfodically and charged against the current operations. | | Leased/Usufruct [| Land‘ACCOUNT| cope | ACCOUNT TITLE DEFINITION \ 1450 Utility Plant |This account refers to cost of property and equipment used in | lthe generation of power/water and other utilities for operation| i land/or for distribution to consumers. [: ‘Accumulated [This account refers to total amount of depreciation cost on | Depreciation [Utility Plant that are set up periodically and charged against | | Utility Plant the current operations Taio ‘Property, Plant _ [This account refers fo the cost determined by the fair or & Equipment - [present value of feased Property, Plant and Equipment.. Under Finance Lease | Bie ‘Accummilated {This account refers to total amount of depreciation on PPE - | | Depreciation funder Finance Lease that are set-up periodically against Property, Plant current operations. | & Equipment - | Under Finance L Lease [aie ‘Construction ia {This account refers to the cost of materials, labor and other | Progress [construction related costs incurred on unfinished construction! | . |project, prior to cocupancy/actual use. {180 Furniture, [This account refers to the cost of movable (Kumiture), | Fixtures & limmovable (fixtures) properties and office / production! Equipment store equipment used in the ordinary course of business such | (FEE) las but not limited to desks, chairs, cabinets, computers, | vaults, including incidental expenses incurred in acquiring, | t Ithem, up to the time they are received and ready for use. [14181 | Accumulated | This account refers to the total amount of depreciation/ Depreciation - _ {impairment cost on Furniture, Fixture and Office Equipment | FEE ithat are set up periodically and charged against the current. I i ‘operations 14190 | Machineries, [This account refers to the eost of machineries, tools and Tools and ‘equipment owned and used in producing goods, providing | Equipment services and repairs. | T4i87 | “Accumulated This account refers to the total amount of depreciation on | Depreciation machineries, tools and equipment that are set-up periodically | | Machineries, [and charged against the current operations i Tools and Equipment 14200 ‘Kitchen, [This account refers to the cost of equipment, cutleries and... | Canteen & lother tools used in food preparation and serving including Catering incidental expenses incurred in acquiring them up to the time Equipment! ~ |they areteceived and ready for use. _ Utensils T4207 ‘Accumulated [This account refers to the total amount of depreciation on \ Depreciation- Kitchen, Canteen and Catering Equipment/Utensiis that are | Kitchen, ‘set-up periodically against current operations. { | Canteen & ' Catering Egitipment/ UtensilsACCOUNT T [cope | ACCOUNT TITLE | DEFINITION Tae “Fransporiation | This account refers to the cost of equipment owned and used |. Equipment in transporting goods, services or persorine! suck as I Imotoreycles, pick-ups, vans and other vehicles. T4211 | Accumulated [This account refers to the total amount of depreciation? | | Depreciation - impairment cost on Transportation Equipment that are set up ‘Transportation {periodically and charged against current operations Equipment . 14220 Tinens and (This account refers to the cost of linens and the uniforms | Uniforms lused by employees and staff including costs of tablectoth, { lcurtains, blankets and similar items. 14227 | Accumulated ~~ |This account refers to the total amount of depreciation on | | Depreciation — . “linens and uniforms that are set-up periodically against / Linens and lcarrent operations. Uniforms 14230 Nursery! [This account refers to the cost of nursery and greenliouse \ Greenhousss [facilities and equipment used for seedling production and : growing of vegetables 13) Accumulated [This account refers to total amount of depreciation and | Depreciation- impairment on nursery and greenhouse that are set-up | Nursery! periodically end charged against the current operations. | Greenhouse 240 Leasehold [This account refers to the cost of improvements on premises Rights & lunder operating lease including cost of rights and concession | Improvements [rights which are subject to amortization over the usefil life of { [the property or the term of the lease, whichever is shorter. | 15100” | Biological |This account refers fo cost of breeding stock/working animals Assets-Animals _lowned by the cooperative. IS1OL_ | Accumulated {This account refers to total amount of depreciation and | Depreciation _ impairment on Biological Assets Animals that ae set-up | Biological [periodically and charged against the current operations. [Assets — | Animals 15200 | Biological [This account refers to living plants that produces seeds, | Assets-Plamis _|seedlings, flowers or fruits. T5201 | Accumulated [This account refers to total amount of depreciation and Depreciation _ impairment on BA - plants that are set-up periodically and | Biological icharged against the current operations. L Assets ~ Plants | 16000 | Tntangible Assets |Tdentifiable non-monetary asset without physical substance | ir which future economic benefits are expected to flow back \and amortized over the estimated useful life or legal life { whichever is shorter. 16160 Franchise |For Franchisor -This account refers to the cost of developing land registering the trade mark /orand /loge for a particular [product or services for the exclusive use and benefit of the lcoop. For the Franchisee - the cost of acquiring the right and [privilege to sell goods and services using the particular| Cops | ACCOUNT TITLE DEFINITION [16200 | Franchise Cost [his ‘account refers to the cost of acquiring privilege or right | { granted by Franchising Agencies to a cooperative to exereise ' \ lan exclusive service to a particular route or area. 16300 Copyright |This account refers to the right for the exclusive use or | distribution of products or services acquired from an author | lor artists. | | | Tea00 Patent IThis account refers fo the exclusive rights granted by the | | state to a patentee (the inventor or assignee) for a fixed \ [period in exchange for the regulated, public disclosure of | |certain details of a device, method, process or composition of| | |matier which is new, inventive, and useful or industrially applicable T7605 | Other Non- [Assets which do not fit into any of the preceding Current Assets _|elassifications T7100 Cooperative | This account refers to expenses incurred prior to the actual | Development operations of the cooperative, subject to amortization for a Cost [period not exceeding three (3) years. 17200 Product” [This account refers to cost of enhancement improvements oF Business lexisting products and/or development of new products and | Development _|prototypes/samples for production after establishing the Cost ~ technical and commercial feasibility. 17306 Computerization |This account refers to the cost of acquisition or development Cost lof computer programs and other software excluding lupgrading of system. This is amortized over a period not |exceeding three (3) years or useful life whichever is shorter. 17400 ‘Other Funds |This acount refers to restricted Funds set aside for funding of| and Deposits [Statutory and other reserves such as Retirement, Members! i [Benefit and Other Funds. This may be in the form of time \deposit or other securities which may be convertible to cash |when needed. T7500 Finance Lease [This account refers o the long term portion of the Finance Receivable [Lease Receivables. 17660 ‘Due ffom Head [This account refers to receivables from Head Office! ‘Office/Branch/Su |Branches/ Subsidiary | bsidiary 17700 ‘Assets Held for {This account refers to non current assets andlor assets of a ' 7 Sale (discontinued operation held for sale which is measured at the | | llower of its carrying amount or fair value less cost to sell. | 17800 Deposit on |This account refers to deposits on containers subject to | | Retumabie refund upon its return. { Containers [1806 Miscellaneous (This account refers to assets not falling in any of the above i Assets |eategories.[accourr] cope | ACcouNT TITLE DEFINITION [20000-23000 CaaS ~Econontic Obligations that are recognized and measured in conformity with generally accepted accounting principles taking into | \ i \eonsideration cooperatives’ laws, principies and practices in the Philippines. { | | 21000 (CURRENT |Obligations reasonably expected to be seitled within the | [LIABILITIES ——_pormal business operating cycle, that: (a) is due within 12 | | months after balance sheet date; (b) is held primarily for the i |purpose of being traded; (¢) does not have an unconditional i irigit to defer settlement of the liability for at least 12 months | ‘after balance sheet date. | "21100 | “Saving Deposits [This account refers to deposits made by members that can be | jwithdrawn anytime at the option of the member-depositors. [7 21300 | Time Deposits | This account refers to deposits made by members for a specified period of time and withdrawable at a predetermined date. 21300 | Accounts Payable- | This aecount refers to obligations/indebtedness to suppliers Trade for purchase of goods and services intended for sale 21400 | Accounts Payable- This account refers obligations/ indebtedness to suppliers for Non Tradé [purchase of goods and services not intended for sale (e.g. |supplies, periodicals and etc.) 21500 | Loans Payable- | This account refers to the indebtedness to financial Current institutions, federations, unions, or individuals payable within ithe accountingy/fiscal period and the current portion of the i | [Long Term Loans Payabie. 21600 | Finance Lease | This account refers to the current portion of PPE acquired | Payable—curreat funder Finance Lease Agreement. 21700 | Due to Regulatory | This account refers to amount collected from members in | Agencies ipayment for registration, licensing, supervision, ete. with [Regulatory Agencies | 21800 | Cash Bond Payable [This account refers to amount received from | ~ jmembers/employees as guarantee for the use of equipment! j jaccessories / future losses, shortages and damages 21900. | SSS/ECC/ — | This account refers to amounts withheld from the | Phitheaith /Pag- _|compensation income of employees representing their | big Premium [premium contributions to SSS, Phithealth and Pag-ibig | | Contributions agencies and the corresponding share of the cooperative as | Payable lenipioyer. [22000 S8S/Pag-Ibig [This account refers to amounts withheld from the | Loans Payable compensation income of employees representing their | } |payment of loans to SSS and Pag-ibig agencies. [22100 | Withholding Tax [This account refers to all taxes withheld as preseribed by Taw. | Payable I | T2200 ‘Output Tax |This account refers to value added tax on the sale of taxable |ACCOUNT cope | ACCOUNT TITLE DEFINITION | (2230 VAT Payable [This account refers to excess of output tax over input tx i400 | Accrued [This account refers to expenses that have been incurred but Expenses Inot yet paid as of the end of accounting period. | 33500 | Tnterest on Share [This account refers to lability to members for interest on I Capital Payable {share capital, which can be determined only at the end of | fiscal year [2600 | Patronage [This account refers to liabiliy e to members for patronage | Refiind Payable _[refuid, which can be determined only at the end of fiscal - year. |" 275 F Diete (This accouat refers to the accumulated amount set aside to be | Union/Federation credited to the Union/Federation where the cooperative is a \ (ETF) Imember. This corresponds to the 50% of the total annual lallocation for the Education and Training Fund. [22806 | Deposit from [This account refers to deposits from customers for containers, |_ Customers [food or other services subject to refund. 22900 | Advances from [This account refers to advance payment for delivery of goods | Customers lor services. 3000 | School Program [This account refers to an amount allocated as support Support Fund —_ mechanism to school program, which remains unpaid. | | Payabie applicable to public school - based cooperatives only) 3100 | Other Current | This account refers to other liabilities that eannot be | Linbitities classified under any of the preceding current liability I jaccounts. 24000 _|NON-CURRENT [Liabilities payable beyond one year Wids | Loans Payable | This account refers to the indebtedness of the cooperative to financial institutions, federations, unions, or individuals i ipayable beyond one year. 2200. | Discounts on (This account represents the interest deducted from the foan Loans Payable _|value/principal to be amortized over the term of the loan lusing effective interest metiod. This is a contra account to | [Loans Payable. 74300 | Bonds Payable (This account refers to the amortized cost of obligations larising from the issuance of bonds. Das |“ Unamortized _ _ |This account refers to the unamortized discount/premium on Bond Discount’ lponds payable which shall be amortized during the term of | Premium {the bond issued using the eifective interest method. 7300 | Revolving (The account refers to deferred payment of interest on share Capital Payable — |capital and patronage refund, which should be agreed upon in Ithe General Assembly. (7a606 Retirement Find — |This account refers to the accumulated retirement benefit | Payable lcosts charged against the inzome of the cooperative over the lexpecied remaining working lives of participating qualified lemployees. eaeACCOUNT | j T “Cope | ACCOUNT TITLE | DEFINITION | 24700 | Finance Lease [This account refers to the future lease payments for Property, | | Payable -Zong _|Plant and Equipment acquired under finance lease, Net of the | Term |Current Portion. i 24800 ‘Other Non-Current \The totality of all other liabilities that cannot be classified | Liabilities lafter any of the preceding liability accounts. | 24810 Project Subsidy _ This account refers to the unused portion of the Fund |donation/grant for training, salaries and wages, etc | 24835 Members™ "This account refers to funds for special purposes such as Benefit and _ {member's benefits, including Kilusang Bayan Guarantee | Other Funds ~ . [Fund (KBGF) / Cooperative Guarantee Fund (CGF) not part Payable lof the distribution of net surplus. | 24830 Due to Head ~ |The account is used to record inter-office transactions in the Office / [books of Head Office (HOYBranch/ Subsidiary and should Branch/ [be closed at the end of the accounting period. Subsidiary Tsao ‘Other Non | This account refers to other long ferma liabilities not Current sewhere classified. ~ Liabilities ie 30000 [EQUITY = Excess of a cooperative’ assets over lis Habilities 30100 ae (This account refers to ownership Interest of members in the L LOUITY. cooperative. 30110 | Authorized Share | This account refers to authorized capitalization in common Capital — |share as prescribed in the articles of cooperation. Conimon [30120 | "Unissued Share [This account refers to portion of the Authorized Share | Capital — ICapital - Common prescribed in the articles of cooperation ‘Common [which is not yet subscribed and issued. 30150 | Subscribed Share (This account refers to the share capital subscribed by regular Capital Imembers payable over a certain period of time ‘Common 30140 | Subscription [This account refers to the total unpaid subscribed share Receivable - lcapital of regular members. | Common 3015 | Paid-up Share | This account refers to collected subseribed capital stock- | Capital — lcommon share (ifmemo entry recording is used). t Common | 30160 | “Treasury Shares __ [This account refers to common shares bought back and held | Capital - lin treasury. This account should only be used in the event | ‘Common |that there are no members who are willing to buy the shares lof outgoing members. | 30170 | “Authorized Share [This account refers to the authorized capitalization in | Capital - ipreferred shares as prescribed by the articles of cooperation. Preferred 30180 | Unissued Share | This account reifrs to portion of the Authorized Share| | Capital - {Capital - Preferred as prescribed by the articles of i cooperation which are not yet subscribed and issued. |_ PreferedACCOUNT | Copz | ACCOUNT TITLE DEFINITION [30199 | Subscribed Share [This account refers to the preferred share capital subscribed | Capital-Preferred [by member (regular and associate) payable over 2 certain | iperiod of time. [30200 |” Subscriptions (This account refers to the total unpaid subscribed preferred i | Receivable- share capital of reguiar and associate members \ Preferred [30210 | Paid-up Share | This account refers to collected subscribed preferred share i Capital-Preferred — feapital (if memo entry recording is used). } [30220 | “Treasury Shares [This account refers to preferred shares previously issued and | Capital - Ireacquired and held in treasury, but not retired or cancelled, | i | Prefered land maybe re-issued to existing members. 30230 |" Deposit for Share [This account refers to amount paid by the members for Capital capital subscription equivalent to the value of less than one ‘Subscription |share and additional subscriptions in excess of authorized capital pending approval of the amendments to inerease |Authorized Share Capital. This may also include the amount lof share capital paid but not yet covered by subscription Icontract. Subsidiary ledgers shall be maintained for this . laccount. 30300 | Undivided Net [This account refers to the accumulated net surplus of the Surplus erative that is allocated and distributed at the end of each| Ireporting period in accordance with Article 86 of RA 9520. (This account is used foF Interim Financial Statement [Presentation only. - 30400 | Net Loss (This account refers to temporary account to record losses in loperations incurred during the reporting period. Net loss for | {the year shall be charged against reserve fund, subject to [provisions of Article 86 of RA 9520 ‘30500 | Donations’ IThis account refers to amounts received by the cooperative as| Grants lawards, subsidies, grants, aids, and others. This shall not be lavailable for distribution as interest on share capital and [patronage refimnd 30600 | Statutory Funds fandatory funds established/set up ia accordance with [Article 86 of RA9S20- 30810 Reserve Fund | This account refers to the amount set aside annually for the j stability of the cooperative (equivalent to at least 10% of net ‘surplus). A corresponding fund should be set up either in the form of time deposit with local banks or government Isecurities. 30622 Coop. This account refers to the amount retained by the cooperative Education & {for education and training of its members, officers and staf Training Fund [out of the mnandatory allocation as stipulated in the lcooperative's by-laws. 30650 ‘Community [This account refers to the fund set aside from the net surplus | Development _|whiich should not be less than 3% for projects and/or Fund lactivities that will benefit ihe communi the ‘cooperative operates. |ACCOUNT] ‘Cope | ACCOUNT TITLE DEFINITION | 30640 ‘Optional Fund {This account refers to fund setaside from the net surplus not lexceeding 7%. It shall be used for any of the following i Ipurposes: land and building, acquisition of equipment, | |members’ benefit, or other purposes. 30700 | Unrealized [This account refers to the cumulative gains (losses) arising | Gains/ Losses _|from change in the fair value of AFS securities l | STATEMENT OF OPERATIONS [40000 REVENUE ITEMS - Gross inflow of economic benefits during the period | larising in the course of the ordinary activities of the coop when those inflows lresult in increases in equity, other than increases relating to contributions from | -quity participants. \ [OIG | Trcoma roms [aT acomaa darived from Cred Operations i Credit Operations | 40010 Tnterest Income _ | This account refers to income earned and collected by the from Leans —_|cooperative from the interest charged on the loans granted to | their members. iz) | Service Fees | This decount refers to the fees collected by the cooperative ifor loan processing/ servicingicollecting. | W038 Filing Fees [This account refers to the fees collected by the cooperative | lupon filing of loan applications by member-borrowers. \a010 Fines, Penalties, |This account refers to the fees imposed and collected by the { Surcharges ‘cooperative on the delayed amortization payments of the i imember-borrower. | 40200 | Tneome from (Ail income derived jrom service operations i Service Operations w2i0 ‘Service Income |This account refers to the amoutit collected for various = services rendered. qa Tnierest Income [This account refers to interest earned arising from lease of from Lease lassets under Finance Lease Agreement Agreement {40300 Income from \All income derived from marketing / consumers / production t Marketing/ loperations | Consumers! Production Operations ‘Net Sales \Total sales reduced By sales returns, allowances and | \discounts. [0510 Sales "This account refers to invoice price of all merchandise! goods| |sold or services.cendered whether paid or on account. \(segregate sales from members and non-members)[ACCOUNT] ~ cope | ACCOUNT TITLE DEFINITION | "40320 Tastalliment Sales This account refers to sales to members and non-members of i | |merchandise/goods on a deferred payment plan or installment | | plan | 40330 | Sales Returns & _ |This account refers to deductions from the invoice price due | | Allowances to returns resulting from damage, defects or errors in the kind| | i lor quality of goods delivered/sold to customersimembers. [40340 ~Sales Diseatnis This account refers to deductions allowed to customers for i | settlement/prompt payment of their accounts [40400 | Other Income income received by the cooperatives other than its main | laperation. [40896 Tacome/ Interest [This account refers to the income earned by the cooperatives I from Investment/ |from deposits in banks/other institutions and investments | Deposits 'made in financial institutions/government/ business | lorganizations. This shall include interest income derived | liom the deposit of statutory funds in the bank until utilized. | |(efer to the accounting manual) |" a0a20 |" Membership Fee (This account refers to the amount collected from the | : |couperative's members-applicants upon approval of their |membership in the cooperative. 30 Commission [This account refers t an amount received by the cooperative le Income from supplier as incentives. | 40440 |~ Realized Gross [This account refers to income eared by the cooperative from| | Margin ithe installment sales of real estate. 70450 Miscellaneous | This account refers o al other income earned by the _[__ Income {cooperative for which no specific account has been set up. | 50009 [Cost of Goods Sold |The cost/value of commodity sold as determined using [physical or perpetual inventory system. 51000 | Cost of Goods |This account refers to account used to record cost of finished Sold ods sold under perpetual inventory system. | Siig Purchases [This account refers to cost of merchandise/goods bought \whether paid or on account under periodic inventory system. \ 51120 ‘Raw Material [This account refers to gross cost of materials purchased for | Purchases Ihe production of food for sale, for catering and canteen \ loperations (using periodic inventory system) 31130 Purchase |This aecount refers to deductions ffom invoice cost due to Returns & ‘damage, defects, or errors in the kind or quality of goods | Allowances [bought 31140 Purchase | This account refers to reductions in the cost of product | Discounts [bought de to the early payment. | L | Si160 | Fightin |This account refers to the cost of transporting merchandise! | { \goods from the place of purchase to s Should L J ‘form part of the Cost of |ACCOUNT] Copp | ACCOUNT TITLE DEFINITION \ | 51170 _|~ Direct Labor | This account refers to cost of labor direeily attributed to the j iproduction of goods. (S180 (This account refers to all cost other than raw materials and | Faotory/Proces (direct labor used in the production/manufacturing/ process of | |___sing Overhead _|goods including royalties and production garments 31200 | Tieventory Toss This account refers to reduction in inventory due to spoilage, | | lpreakage and variance between inventory per books and per | leount 60000 |Cost of Services __ |All costs incurred that are directly related to the generation of| |power, water and other services (A separate subsidiary shall | |be maintained) 61000 | Project [This account refers to all costs incurved that are directly | Management Cost .\related to the projects and contract entered into by clients like \ [manpower servickig, constuction ad ater professional | rks, including consulting fee. [sine ‘Laborand ~ ~~ |This account refers to amount incurred for technical and i Technical Jothér services ancillary to the generation of service income. | Supervision iene Salaties & Wages |This account refers to amount incurred for services rendered ) iby employees directly involved in providing services | including overtime pay P6230 Employees’ [This account refers to benefits given to employees directly | Benefits involved in providing services other than salaries and wages j such as but not limited to 13th month pay, bonus, allowances, | land subsistence allowances including human resource | |development. 1280 ‘S88, [This account refers to the cooperative’s share in the | Phihealth, lemployees' contribution to SSS, Philhealth and Pag-ibig. | Peg-lbig Contribution. 61250 Retirement [The cost of providing retirement benefits to employees i Benefit |directly involved in providing services. The cost of | Expenses Iretirement benefits is recognized as an expense in the periods | \during which the services are rendered. 61280 ‘Professional and |This account refers to amount incurred for professional and Consultaney taney services in relation to the generation of service | Fees {income 61370 ‘Supplies (This account refers to expenses incurred for various supplies \ [used for service activities. 61410 | Power, Light [This account refers to the cost of electricity and water | and Water lineurred in the generation of service income. | 6130 | Trsurance [This account refers to expenses incurred to insure the lequipment used in providing servies quips pro seat “rooRDS SECTION “% ? cpl oe a\9 5ACC 7 ] | Cope | ACCOUNT TITLE DEFINITION 82380 Professional and [This account refers to amount ineurred for professional and Consultancy _eonsultancy services in relation to the generation of service Fees lincome 370 | Supplies (This account refers to expenses incurred for various supplies | lused for service activities. 2410 Power, Light | This account refers to cost of electricity and water incurred in and Water Ithe generation of service incoime. 62430 Tasurance (This account refers fo expenses incurred to insure the lequipment used in providing services. CAD Repairs and {This account refers to expenses incurred inthe repair and Maintenance . {maintenance of machineries and equipment used inthe "| [delivery of service except major repairs that prolong the life lof the asset S250 Rentals [This account refers fo expenses incurred for the Ibuilding/oftice spaces or facilities leased by the cooperative Hfor the generation of service income | 2496 Gas, OE (This account refers to amounts incurred for gasoline, fuel and) Lubricants Itsbricants for cooperative's machineries and equipment wied | in the delivery of service 2530 Depreciation | This account refers to amount provided for wear and tear of | building, machineries and equipment used in the delivery of | Iservice 62540 | “Amortization _| This account refers to amount provided for amortization of | | \ intangible assets. 62590 Impairment Loss. |This account refers to difference between the carrying value land the recoverable value of the assets directly used in the delivery of services 63000 |” Distribution Cost (Cost incurred tn the distribution of power, water and other " ‘ C5120. Power Cost | This account refers to cost of power whether purchased of ~ |generated for distribution 63130 Tabor and (This account refers to amount incurred for technical and Technical lother services ancillary to the generation of service income. Supervision ~ 63210 Salaries & Wages |This account refers to amount incurred for services rendered Iby employees directly involved in providing services including overtime pay [63230 Employees” [This account refers to benefits given to employees directly Benefits involved in providing services other than salaties and wages Isuch as but not limited to 13th month pay, bonus, allowances, [and subsistence allowances including human resource [development. | FN AP” necynps section 2) (3 ceontirftp dave corn: 2 3 1 Fy nex olSCHEDULE OF OPRRATING EXPENSES: SCHEDULES T ACCOUNTS cme | commen | seve | mine | totes | cxanmroran (iammarocoars i C Tet Eee oa bom |_| SE aE 5a se 5 Depa 5 Ea ser 7000 Oe ft oh [eae oo FIG a 3300 moor t ma | 7a Soc Tox Eas4 | (Sai REO oT = Tract Saves Maken ead Toretce Spies zor | oe | ok 2 20% x0 [Pisaeteries Dewemaa Sec 730 Soar Set aot Brees Reser See ob Sa soot S000 [Siesta Soar [ec 00¢ Soa Soc Boca (ces end Ae Soe | soa 00 S00 2x Soc soot | oat S000 50 Sox S000 200 wor_| ox poo 300% 200 Beteenen Berl Sa Soak [x a0 Soo "or xx Soreesrcoicer aad |__ cetare Sores woo | wor 000 20x, x00 200 [Feiss Guteitey Beez [00 | 000 soa “oat sox mo Pov gies Wa soa [ et exc 30 sont xo Travel and Tsporaon seo | aK se maar sex 3008 Texence 3600] 001 | 900 nea 2x | 008 Regain ot RS Soe 00 000 oe S000 3 (eee soo |e Soot 30 sox Esa Tae, SECS exe | ec Soo oar oor S000 [cermin moo | 20K xeor_t00 ee ace Reprecran seo ex | 0c 008 soa 3008 Agresia sd RoR Sex| ex 30 one ect Tox [Ces Geese oor [on Soe 00 700 Sor (CSbeine: Brasiegeand Tames [00a oa mom oat Soot [songs estoming Somes [3017000 2a 200 ma cok [Gemerets oes x ea not 3m Ha Tos [Bretagne on Raion |__ wens sox_|__ 300 200 xox 70 xo (ieeisem teen Seo] Tox oor Seat ae (Thereatee Seat [oe [ox nao Sox sar [Taseteson sear [398 700 (oka Sex ee Bad BE x00 [Teenie aaa L_tatinprtenent (rome I Se Ser Ta Ta TOOT soon 390 oC ec Sear Poe [Somme a Seer 390 300 exc 300 Soar (Tibepiow Severs See 08 08 008 3a sec SSS, Pribecih, EOC, PETS onsen roo | sox yoo 50m sou xox t xa [3008 soa 5d oo TX sox __| 200 xo 200 so 200 “patina sox | 7a “oe sax oc Scheel roman So seek | 390% SoC 500 mec “oor tes Sots Soo 300 3000 008 oc 2500 Powe i Wa oc met 2000 S000 To 200 ave and eespoS 200 2a moot son ear 000 Trae Poco an onc ar Soot Reps od TORRES Seer ase ee 3300 Sa Sox ea 5x ror sexe [000 [corm | Ee js DOORS - 3 *anegws section oy cra QE _t foledt | consamer | Servee | martesng | rroducos | GRAND TOTAL SE TE SE pad S000 moo] 3088 sect 2 Te Soo Saat 2X, 30x G00 ob a0 sox see 39601006 7000 seo | aor soot soot Tx 2600 I 3000 m0 Toe no 2x soo (Cictiesior seam SoC mac Sox sox 2x, soot [7 Bevodons, Neer and Sitsipion 20 20 200 sox 300 200 3000 Sacr rot sac Sao S000 Gas, Ol ed Larne ponent be Soa mx 7x S000 (iseer cores Bac Sot Soo Sox 53x Set Mesa SOE soa soe Sox Sx 7000 seo epee 000 Sot 360 a0 saa moo ‘orion soar 7900 sa sea a Secc a SRS SST Acoune/ newline Reesties| 300 |_200¢ 7x sox 2 70x [7 Axertasion cftesenais ign T tad Ingen xo 2001 20 20x 20 200 Sera Asem ESS aor Hieaber Seve 33 ‘Aion Fs 2000 Sosa end Communi Save Bowe 20x ‘rosin be Nena Fae Beets [BEeE oo (cme. L TerANNEX, PRO-FORMA FINANCIAL REPORTS Statement of Changes in Members’ Equity Donations, Grants and Statutory Fonds NAME OF COOPERATIVE ADDRESS OF THE COOPERATIVE REGISTRATIONICONFIRMATION NO, STATEMENT OF CHANGES IN EQUITY, STATUTORY FUNDS AND GRANTS AND DONATIONS For the Year Endod, December 31,200_ aaa (Share Copia, Common, Began (da Addivonsl Copal Build Tool (Lee: Witdrawal a Copal [Stace Capital Common, End (Shee Caplan Prefored, Begin (Ade: Additional Capital Bu Toal (ess: Wideawal in Cop Shore Capital Prefrrod, Bod (Rearend (Salasce, Dec, 33, 200 (acd: Cres 10% Net Surplus Boma Operations Taal [roach lene, Des, 31,300, Edcation snd Tring Fad (Balance, Dec, 31, 200, [ada Cres 12 of Tm Net (Dap Union Federation lance, Deo, 31,200 (Ads: Credis 172 of 10% Net Saris Som Heal ‘Remivances to Union Federation. (Fea Che a = (Balance, Dee 31,200, DE LONER Zp necufius suction CORTETED, TRUE COPY: 5 me 5Flows Statement NAME OF COOPERATIVE ADDRESS OF THE COOPERATIVE REGISTRATION/CONFIRMATION NO. (CASH FLOWS STATEMENT For the Year Ended, December, ANNEX D (Cagh fcr om Operating Acie {Cash provided by operation: [Nei sumpins for allocation ‘Deprecistion/Amortization EX (7 Changes in Assets and Liabilities [7 “Gorrense)Deorense in: ‘Advances to Officers & Binployecs i ‘Accounts Receivable Trade f installment Receivable t Receivable from accountable officers & employees: ‘Other Receivables Taput tax. Ld. ‘Deposits fo suppliers Inventories, Repossessed Inventories ‘Assets held for sale Unused office’ store/kitchen/canteen/eatering supplies repaid expenses Thuangible assets Trexeeso/(Deoreass) in: “Accounts payable Lit 1 ‘SSS/ECC/Philhealth/Pag-ibig Premium Contribution payable 358/Pag-ibig Loans payable ‘Witholding tax payable ‘corned expenses pitt tt ET td ‘Dus to CETF (Apex) i t I ! i { | Other assets i { t ft { { ‘Taxes, fees and charges payable ‘Output tx Deposits from customers ‘Deferred gross margin ‘School Program Support Fund payable ‘Other payables ERRRERERREAE) BELBEREREEGEEE C { | Seat lor operating acti t (Cis fog from faventing aeons i 2)/Decrease in: t Property & Equipment f ‘investment {Netensd from investing activities = 8 ek nm, section “2k + {Cash ows fev Souncing ace 1 1 [7 Gecrsase) Decrease in: t i 1 f Savings deposit aT i “Time deposit XxX | i ‘Paid-up Share Capital XXX | Donations! Grants iepoocal 1 i Stantory mds oC} i ‘Long term liabilites XXX { ~_ Otter liabilities x L Tnterest on share capftal & patronage refind Xxx | RE [Net cosh from financing activities t [xa iNet inerease/(decrease) in cash {xx | Cash balance, beginning T Tx (Cask befanee,end t Tosa Tee above statement is presented asing Indirect Method Appresch), se PEOACCOUNT T 1 OBE | ACCOUNT TITLE DEFINITION 63240 1 ‘SSS, Phil health, |This account refers to the cooperative's share in the | ECC, Pag-lbig ~ jemployees’ contribution to SSS, ECC, Philhealth and Pag- | | Contribution [ibig. I 63250 | ‘Retirement [This account refers to the cost of providing retirement 1 | | Benefit Expenses [benefits to employees directly involved in providing services. i | |The cost of retirement benefits is recognized as an expense in i | Ithe periods during which the services are rendered. 65280 Professionatand [This account refers to amount incurred for professional and | Consultancy Fees |consultancy services in relation to the generation of service I income 63370 ‘Supplies iThis account refers to expenses incurred for various supplies jused for service activities. | 63390 \ ‘Training’ (This account refers to an amount incurred for officers and { | Seminars staff directly involved in providing services for attending \ {trainings and seminars/conducting seminars including | expenses related thereto after exhausting the CETF 63410 Power, Light (This account refers to cost of electricity and water incurred in| | ad Water Ithe generation of service income. | 63420 Travel and [This account refers to amount incurred for fares, toll fees, » | Transportation board and lodging, per diem, and meal allowance of officers, | lemployees directly involved in providing services while on | official travel. [63430 Insurance (This account refers to expenses incurred to insure the | [eguipment ase in providing services inctuding that of te j ‘employees who are directly involved in generating service income a 63440 Repairs and [This account refers to expenses incurred in the repair and | Maintenance [maintenance of machineries and equipment used in the delivery of service except major repairs thet prolong the life jof the asset 63450 | Rentals [This account refers to expenses incurred for the | Ibuilding/office spaces or facilities leased by the cooperative for the generation of service income 63470 | Communication - [This account refers to amount incurred for transmission of | | |messages such as courier, telephone, e-mail, fax, internet, imessengerial, and all other means of communication used in Ihe delivery of service 63490 Gas, Oil & [This account refers to amount incurred for gasoline, fuel and Lubricants llubricants for cooperative's machineries and equipment used i lin the delivery of service 63520 ‘Miscellaneous [This account refers to all other expenses incurred by the cooperative not élassified under any of the specified expenses |pecount.[{SCCOUNT | cope | ACCOUNT TITLE DEFINITION [ese Depreciation [This account refers to amount provided for wear and tear of [building, machineries and equipment used in the delivery of | | | | | | service | 3540 | Amortization | This account refers to amount provided for amortization of | Intangible assets. | 63590) Impairment [This account refers to difference between the carrying value | Loss land the recoverable value of the assets directly used in the L [delivery of services | 64600 | Transport ‘All costs ineurred that are directly related to Service Income | Service Cost land Passenger's Fee. (A separate subsidiary sball be | ~__|maintained) mc) Drivers ~ [this account refers to cost incurred for payment to drivers | ‘Conductor's __|(control mechanism will be developed to recognized actual | Fees |gross receipts) - subject to 10% withholding tax |. 64150 Vehicle | This account refers to expenses incurred for licensing, | Registration -egistration, dropping, fling, supervision, accreditation fees, | and Licensing [penalties and other fees. (this account is used for | Expenses ~ [cooperatively owned units only) [S60 Toll Fees is account refers to amount paid for toll fees (SA) [64170 Incidental (This account refers to expenses incurred to cover the cost of } Expenses lexpenditures which are not anticipated / expected such as { laccidents not covered by insurance | 6430 insurance [This account refers fo expenses incurred to insure the } lequipment used in providing transport services. (7 ean ‘Repairs and This account refers to expenses incurred in the repair and | Maintenance _ [maintenance of transport facility and equipment except majoi| | repairs that prolong the life ofthe asset. [64490 Gas, OE [This account refers to amounts ineurred for gasoline, fuel and Lubeicants lubricants for cooperative's vehicles and for day to day loperation | 6530 [This account refers to amount provided for wear and tear of \ |property and equipment. 64580 |This account refers to amount set aside for expenses related | {to unforeseen events/accidents based on historical experience poof ‘which should not exceed 10% of Management Fees. 70000 [EXPENSES - Gross outflows of economic resources and incurrence of \obligations in the course of the ordinary activities of the cooperative when those tiflows result in decreases in surplus. ‘Financing Cost |Expenses related to borrowings of funds used for operations. ‘interest (This account refers to interest incurred on borrowings. Expense on { |__ Borrowings LO PENT eae” WD; AS eacif\v8, SECTION censitig feot com £\ 23 we[ACCOUNT] cope | ACCOUNT TITLE DEFINITION { - 71280 Interest \This account refers to the interest incurred on savings and | Expense on |time deposits of both regular & associate members Deposits FIs0e ‘Other ‘This account refers to service charges, filing fees and other | Financing, fees for borrowings incurred by the cooperative. Charges 72000 Setling/ (Costs incurred in the promotion/distribution and selling of Marketing Cost __|products and services of the cooperatives. 7186 Product! (This account refers to expenses incurred in the marketing and Service [promoting the coop. products and services (expenses related | Marketing and [to pricing, promotion, place packaging) ; Promotion: 1 Expenses L | 72190 ‘Product/ (This account refers to expenses incurred in the development Service . _jof coop. products and services (expenses related to research, | |__ Development and development) - [7a ‘Product [This account refers to expenses incurred in the enhancement I Research lof existing products | T2219 Salaries & |This account refers to amount incurred for services rendered i ‘Wages- by employees including overtime pay i 72228 Incentives and {This account refers to amount incurred for services rendered | Allowances __|by sales, part-time and on-call employees. 730 Employees [This account refers fo benefits given to employees other than i Benefits [salaries and wages such as 13th month pay, bonus, | : allowances, termination or separation pay and others, es ‘ination or separation pay and others. Tae S85, [This account refers fo the cooperative’s share in the Phithealth, lemployees’ premium contribution to SSS, ECC, Philhealth ECC, Pag-Ibig {and Pag-ibig. Premium Contribution T2250 Retirement [This account refers to This account refers to the cost of | Benefit {providing retirement benefits to employees for their services ~ - Expenses rendered. The cost of retirement benefits is recognized as an \ lexpense in the periods duting which the services are I jrendered. | 7368 Commission [This account refers fo amount paid to sales personnel and L Expenses jothers as incentives. T2278 Advertising & [This account refers to expenses incurred for advertising and | | Promotion: \promotion of cooperatives' products. | 72280 | Professional Fees /This account refers to fees and related expenses incurred for [professional services rendered. 72280 Royalties [This account refers to the amount provided to authors for the right to the reproduction of books and related items that is, made available for saleACCOUNT TITLE DEFINITION [ |_COBE [72310 |” “Store! Canteen/” [This account refers to expenses incurred for stationery and Kitchen and _ various supplies used in store/canteen/kitchen and catering \ Catering lfor selling/trading operations. | | Supplies i |__Expenses [77320 | Breakage & [This account refers to expenses incurred for lost or breakage | | Losses on lof kitchen/utensils after deducting accumulated depreciation. |_ Kitchen Utensils 72330 Freight This account refers to amount incurred for the delivery of ‘OutDelivery _|goods/services including traveling expenses of sales | Expenses |personnel from the place of production/store to buyer including lubricants. 78a) Spoilage, "This aceount refers to expenses incurred for unavoidable i Breakage And [decay, breakage, expiration ot losses of goods beyond the Losses ‘normal condition. 72350 Storage! IThis account refers to expenses incurred for temporary Warehousing [housing of merchandise/goods. Expenses Taio ‘Power, Light [This accowat refers to cost of electricity, water and/or | and Water |gasotine/diesel, oil and lubricants used for generators which | lare incurred in business operations. | juan) | ~“Tievel and’ This account refers to amount incurred for fares, gasoline and | ‘Transportation _ [fuel for service vehicles borrowed or rented by the | |cooperative, toll fees, board end lodging, per diem and meal i | allowance of employees while on official travel. 7HA30 Tnsurance {This account refers to expenses incurred to insure the j | |assets/properties/employees of the cooperative and the bonds | lof accountable officers and employees. | TA ‘Repairsand {This accbunt refers to expenses incurred in the repair and | | Maintenance [maintenance of each facility and equipment except major |repairs that do not protong the life of the asset but increase | ~ _ jeapacity and safety measures. — i [> 7250 Rentals [This account refers to amount incurred for the Tease or rental lof the building/office space, she utilized portion of the rent I [paid in advance. 72460 | — Taxes, Fees (This account refers to amount incurred for the lease or rental and Charges _{of the building/office space, the utilized portion of the rent. | Ipaid in advance. | 72470 ‘Communication [This account refers to the amount incurred for courier | letters), telephone, cell phore, e-mail, fax, internet, Imessengerial, and all other means of commuviication, | 72480 ‘Representation |This account refers to expenses incurred related to | laccommodating visitors and guests on official business. { 72490 Gas, O91 & [This account refers to amount incurred for gasoline, fuel and | Lubricants lubricants for service vehicles, delivery vans and athers. a Pres s8c7108 cent ue cory; E a 25 3 28 nee \oee 10[accounT CODE | ACCOUNT TITLE ‘DEFINITION 72520 | Miscellaneous [This account refers to all other expenses inourred by the | | Expenses [cooperative not classified under any of the specified expenses L i ~ laccount. 72530 | Depreciation —_[This account refers to amount provided for wear and tear of [property and equipment and amortization of intangible assets, 72540 ‘Amortization | This account refers to amount provided for amortization of I | intangible assets. | 72550 ‘Amortization _~ ‘This account refers to amount provided for amortization of i of Leasehold _[leasehold rights and improvements. Rights and Improvement 72660 Periodicals, {This account refers to amount inourred for subseription or Magazines & {purchase of periodicals, magazines and others. | Subscription - | 73000 [Administrative Expenses incured related o general administration and | Cost [management of the cooperative/enterprise | Tae Salaries & This account refers to amount incurred for services rendered | ‘Wages lby employees including overtime pay. 75550 Employees (This account refers to benefits given to employees other than | Benefits |salaries and wages such as but not limited to 13th month pay, lbonus, allowances, and subsistence allowances including, jiuman resource development. Fea ‘SSS Phibealti, [This account refers fo the cooperative’s share in the ECC, Pag-ibig _lemployees’ premium contributions to SSS, ECC, Phitheaith Premium land Pag-ibig, Contributions 73250 | ‘Retirement (This account refers to the cost of providing retirement | Benefit Expenses |benefits to employees for their services rendered. The cost of } | iretirement benefits is recognized as an expense in the periods [during which the services are rendered. 73270 ‘Officers’ [This account refers to amount incurred for services rendered Honorarium and {by directors, committee members and officers. |__ Allowances: 73300 Litigation This account reffers to expenses incurred in judicial and ‘Expenses masi-judicial cases including incidental costs where the coop { | lis the complainant or respondent as authorized by the BODs. 73360 ‘School Program” {This account refers to an amount allocated by the Support cooperatives as support mechanism to school program such las school food supplementation of identified under-nourished {cases and administration contingency fund, outreach . ‘program and school development, etc. (applicable to school- [based cooperatives for canteen activity only) 73370 ‘Office Supplies [This account refers to expenses incurred for office and various supplies used in the administration and conduct of [business operation.ACCOUNT Pcope | ACCOUNT TITLE DEFINITION 73380) ‘Weetings and | This account refers to amount incurred for the conduct off i [Conferences [attendance to meetings and conferences. 73390 | Trainings/ [This account refers to amount incurred for officers, directors, Seminars lemployees and members, for attending trainings and | | [seminars including all expenses related thereto ater i prhensting ‘the CETF (local). For purposes of analysis, ' lamount incurred may be classified as to the recipient. 73410 | Power, Light & [This account refers to cost of electricity and water incurred in | Water [business operations. T3420 | Travel & This account refers to amount incurred for fares, toll ees, | ‘Transportation [board and lodging, per diem and meal allowance of officers i larid employees and members while on official travel. 75430 | insurance (This account refers to expenses incurred to insure the | lassets/properties of the Cooperative, premium of insurance ‘officers and employees and bonds of accountable officers | land employees. 75d) | “Repairs & [This account refers to expenses incurred inthe repair and | Maintenance ~ maintenance of each facility and equipment except major Irepairs that prolong the life of the asset. 73450 Rentals [This account refers to expenses incurred for building/office spaces or facilities leased by the cooperative, (73460 Taxes, Fees and [This account refers to expenses incurred for taxes, fees and | Changes [charges due to government entities, both national and local. 73470 | Communication This account refers to amount incurred for courier (eiters), {elephone, cell phone, e-mail, fax, intemet, messengetial, and | lall other means of communication. 75480 | Representation | This account refers to expenses incurred related to laccommodating visitors and guests on official business. 73490 Gas, HE "This account refers to amount incurred for gasoline, fuel and Lubricants Ihubricants for cooperative's vehicles and for day to day loperation 73500 Collection [This account refers to amount, inclading commissions, | | Expense incurred as incentives in effecting the collection of loans of { ithe cooperative, 73510 ‘General Support [This account refers to expenses incurred for employing the Services Iservices of security, janitors, messengers and other support I iservices. | 73520 | Miscellaneous | This account refers to all other expenses incurred by the Expense \cooperative not classified under any of the specified expenses| I laccount. 73550 Depreciation This account refers toallocation of cost over the estimated | life of Property, Plant and Equipment, 73540 | AmortizationACCOUNT ‘Copy. | ACCOUNT TIELE DEFINITION T3550 ‘Amortization of {This account refers to amount provided for amortization of 1 Leasehold Rights fleaschold rights and improvements. } and Improvement | 73560 |” Provision for [This account refers to allocation or provision for estimated Probable Losses _{iosses arising from probable uncollectibie loans/accounts/ on Accounts! \installment receivables. | Tastallment \ Receivables 73570 Provision for [This account refers to this refers to the allocation or provision| Losses —Others [for estimated losses on investments 73590 Impairment (This account refers to the difference between the carrying Losses ivalue and the recoverable velue of an asset. 73600 Bank Charges | This account refers to bank ees and other charges excluding icost of checkbooks. T3616 General This account refers to expenses incurred in the conduct of | Assembly |regular/special general assembly. ‘Expenses [73638 ‘Members Benefit | This account refers to expenses incurred in providing for | ‘Expenses ledditional members’ benefits and social services 73630 ‘Affiliation Fee |This account refers to amount incurred to cover membership | jor registration fees and annual dues to a federation or union. [B60 Social & [This account refers to expenses incurred by the cooperatives | Community _|in its social community involvement including solicitations ‘Service Expense jand donations to charitable institutions. [73650 Provision for | This account refers to amount set up at the option of the | CGF (KBGF) _|oooperative for the provision of CGF (KBGF).This is not part} | . jof the Statutory Fund. [80000 | Otter Hems |Special transactions arising fom the operations of the i Subsidy/ Gain |cooperatives | osses) - 81000 “Project Subsidy This account refers to an amount deducted from Project i ‘Subsidy fimd to subsidize project expenses.” This shail | lappear in the statement of operation as a contra account to | |suhsidived project expenses, | 82060 Donation and. \This account refers to an amount deducted from Donation | Grant Subsidy and Grant to subsidize depreciation charges on property and | lequipment funded by donation and grant. 83000 ‘Optional Fund {This account refers fo an amount deducted from Optional | Subsidy |Fund to subsidize depreciation charge of property and | lequipment funded by Optional Fund | | 34000 | Subsidized This account refers to portion of the Project Subsidy Fund | Project lexpended for training, Selares and wages and other activites | Expenses ‘subsidized by donations and grants and aptional fund. Se) En MENTS[XCCOGNT | (“cone | ACCOUNT TITLE DEFINITION [85000 | Gains or Losses | This account refers to gains or losses derived from the sale of | | | on Sale of lacquired assets/properties and equipment |) Property & | Equipment | 36000 | Gains or Losses [This account refers to ineome earned or losses incurred from | JnTnvestment [the disposal of investments, ‘87000 | Gains or Losses | This account refers to income eamed or losses incurred from | on Sale of Ihe sale of repossessed items. Repossessed | Ttem, i $8000 Gains or Losses (This account refers to gains or Losses arising fom retirement| from Foreign _ or conversion of foreign currency exchange rate fluctuation Exchange [per actual transaction Valuation {89000 Prior Years’ [This account refers to adjustments on transactions affecting Adjustment _ income and expenses incurred in the previous year(s) which lero taken up on the current year. ‘V. Financia Reports with stipporting schedules For purposes of monitoring, supervising and regulating all types of cooperatives, the following basic financial reports and schedules (formats are shown in Annexes A - E) shall be prepared: a b) °) d 2) £ :) Statement of Financial Condition (Annex A) ‘Statement of Operations (Annex B) Statement of Changes in Equity (Annex C) ‘Statement of Cash Flows (Annex D) ‘Notes to Financial Statement (Annex E) Related Schedules such as Bank reconcifiation Statement Aging of Receivables using PAR Property and equipment lapsing schedule ‘Members loans receivables, savings/time deposits, subscribed and paid-up share capital Investments. Accounts payable Loans payable Allocation and Utilization of Statutory Funds ‘bution of Interest on Share Capital and Patronage Refund VVVVVY viv For cooperatives with multi-business activities, separate financial reports shall be prepared for each type of activity. ‘VL Sanctions sancti ‘Cooperatives which fail to comply with this Circular shall be subject to the following aFirst non-compliance, the Authority shall issue warning to concerned cooperatives; © Second non-compliance, certificate of good standing shall not be issued by the Authority; © Thist non-compliance, the certificate of registration of cooperative shail be cancelled afier compliance with due process of law. ‘VEL. Transitory Provision Al Cooperatives shall within one (1) year from the effectivity of this Circular make the necessery adjustments on their existing systems in order to comply with the Standard Chart of Accounts, Provided however, that the aforecited sanctions under item Vi shall not be imposed during the transition period, ‘VEIL Repeats All circulars, regulations, issuances or parts thereof, inconsistent with any of the provisions of this Circular are hereby repealed or modified accordingly. DL, Separability Clause Should any part of this Circular be declared invalid or unconstitutional, the rest of the provisions net affected thereby shall continue in full force and effect. X. Effectivicy ‘This Circular shall be published in the Office of the National Administration Registry (ONAR) and shall take effect fifteen (15) days after its publication. Signed this 14* day of September, 2009 at Quezon City, Philippines. SUAREZ CDA Board of Resolution No. 202, 5-2009 August 14, 2009 30ANNEX A PRO-FORMA ANCIAL REPORTS a) Statement iti Name of Cooperative Address of Cooperative Registration/Confirmation No. Statement of Financia! Condition ASof, Account Title |Current Year| Prior Year ASSETS I { URRENT ASSETS. { Cosh and Cash Bquivalents Cash ca Hand ‘Cheeks and Other Cash lems Cash in Eni ‘Cash in Other Cooperatives Petty Cash Fund ‘Revolving Fund [ ‘Change Fund Tavestment at Fair Value Through Profit or Loss idto- Maturity (HTM) Financial Assets "AddiBeduct:_ Unamortized Diseount/Pramiam - HTM ‘Available for Sale (AFS) Financial Assets ‘Ad@/Doduct: Accumulated Gains/Losses - APS ‘Less: Allowance for Probable Losses - AFS ‘Unguoted Debt Securities Classified As Loans Investment in Non-Marketable Equity Securities ‘Less:_Allowance far Probable Losses - INMES Tons and Receivables Loans Receivable Current Tnerease/ Decrease) —<—— TT Resizuctured [ Tn Litigation Total | ‘Less: Allowance for Probable Losses on Loans Recetvable I ‘Loans Receivable, Net [ ‘Ascounts Revelvable {ti TT Car Past Due Restructured In Litigation i ‘Total 1 } \ TEews:_Allowance for Probable Losses on Accounts Receivable I Accounts Receivable, Net { c Tnstaliment Receivable. 1 ‘Curent RTM aan es EMBER F SEGHION ve Jws, ca ool os BY pateInerease/ Account Title \Curt Year| ‘Prior Year sarren re mae Restructured [ I In Litigation t I Total TLess:_Ailovance for Probable Losses on installment Receivable Nez Installment Receivables ‘Advances io Officers, Employees and Member ‘Receivables from Accountable Officers and Employees t Finance Lease Receivable T ‘Other Current Receivables Tnventories | ‘Merchandise Inventory Spare Parts/Materials ond Other Goods Inventory 1 T "Raw Materials Inventory ‘Work in Process Inventory { Finished Goods Inventory f ‘Agricultural Produce T ‘Equipment for Lease Inventory Repossessed Inventory ‘Less: Aliowance forthe Decline in Value of Inventory Biological Assets TTT | { Animals { (Tonal Carrent Assets [NOR-CURRENT ASSETS 7 Field to-Mturty (HTM) Financial Assets ‘Add/Deduct: Unamortized Discount/Premium - HIM {77 Arvallabe for Sale (AFS) Financial Assets (7 “AdaiDediict- Accumulated Gains/Losses - APS Less: Allowance for Probable Losses - AFS Thquoted Debt Securities Classified As Loans Tnvestrent ip Non-Marketable Equity Securities ["Tess: Allowmes for Probable Losses - INMES tT i idiaries/ Associates and Joint Ventures. [ investment Property [7 _Tavestment Propery Land (hess Accumalated impairment i Net I Tavestnent Property - Building Tess: Accumulated Depreciation - Investrent 7 Progerty Building Tae = j.ssee SKETRON “ey ¥ esrersfiky Jaon gore Bf ~ a) ‘Increase/ | Account Title [carvent Nene] Prior Year | Gpocreac) i t [ | (Real and Oihes Properties Amqured ROPAL 1 | | L lowance for Probable Losses - ROPA { I 4 { { { [ { { { i E { { = [ Tess: Accumulated Depreciation - Land improvement { Net = 1 | ding and Improvements | coumulated Depreciation - Building & imp. | f Building on Leased/Usufract Land t f { Tess: Accumulated Depreciation - Building on ‘Leased/Usutruct Land { 7 | { { t Machineries, Tools and Equipment i ‘Less: Accumulated Depreciation - Machineties, i { Toois and Equipment im | _ Net I TKifshen/Canteen/ Catering Equipment and Utensils T i (1 anlated Depreciation - KCCEU I ‘Net I “Transportation Equipment [ I (Ease Aveumulated Depreciation - Transportation t Net ~ (77 Fropesy, Plant and Equipment Under Finance Lease “Less: Acqumulated Depreciation - PPE Under Finance Lease i We { { ‘Leasehold Rights and Improvements/Concession Rights ‘Less: Accumulated Depreciation i ~ Linens & Uniforms Ter ‘Nursery / Greenhouse Less: Accumulated Depreciation - Nursery/ Greenhouse Net | [22 Linens and Oniforms I I t L [ { Toial Property & Equipment e SNe =Tnerease! Total Biological Assets i | | ‘Account Title [corzent Year| Prior Year | perry (( Bistegiest Ass { [E Bioiogicel Assets Animals I | I [Tress Accumulated Depreciation - Animals i | { x | i (Biciogical Assets = Pants t Tr L Less: Accumulated Depreciation - Plants, I ! Net t c { | Intangible Asses Franchi Patent Total intangible Assess Other Ni ‘Cooperative Development Cost roduci/Businass Development Cost Compuieriastion Cost ther Funds and Deposits Finance Lease Receivable - Long Term 4} Due fiom HO/Branch/ Subsidiary ‘Assets Held for Sale { (Tapert om fe Container [7 Miscelanons Assets T t 1 [Total No-Cirvent Aazeis | { { f f [ ' ; { LIABILITIES (CURRENT LiaaieiTiEs: [ Savings Deposits i Time Deposits | ‘Accounts Pay Trade t ‘Accounls Pavable - Noo-Trade ‘Loans Payebie - Current ree Finance Lease Payable - Curent fory Agencies Cash Bond Payable 'SSS/ECC/Philhealth Pagibig Premiums Contributions Payable S85/Pag-ibig Loans Payable ‘Withholding Tax Payable VAT Payable jal Payable Patronage Refund Payable ‘Due to CETF (Apex) ‘Deposit from Customers 2 3 section ur com: E L343‘School Program Support Fund Payable Account Title [oere yee rr T Tncrense/ (Decrease) Other Curent Liabilities Total Current Liabilities [NON CURRENT LIABILITIES Loans Payable Discounts on Loans Payable Bonds Payable ‘Add/Deduch; Unamortized Bond Discount/Premiam Revolving Capital Payable Retirement Fund Payable = ryt Tmance Lease Payable - Long Term ‘Other Nor, Current Liabilities ‘Deposit for Share Capital Subscription Project Subsidy Fund Menizers’ Benefit Fund Payable Due to HO/Branch/Subsiai ‘Other Non Current Liabilities Total Non-Current Liabutiies (TOTAL LIABILITIES EQUITY ‘Common Share Capital © Capital Authorized t | [Members’ Bau f { __ Shes @P__ ar value [77 Tess Tested Share Capital - Common {"Eeeued Share Capital - Common (Subscribed Share Capial-Common Tess: Subscription Reeivable- Common ‘Total Paid-up Share Capital- Common Less: ‘Treasury Shere Capital- Common Paid “ap Share Capital - Common Preferred Share Capital-Autborized Shares @P par value ued Share Capital - Preferred, Capital - Preferred, Subscribed Share Capital Preferred ‘Less Subscription Recelvable- Preferred “Total Paid-up Share Capital- Preferred, Tass: Treasury Share Capitel- Preferred Paid -ap Share Capital - Preferred Donations/Grants { ‘Siathtory Funds a LS canis DATs: Av oD ENT, ps section “3 RUE COPY: arr wlAccount Title [Current Year| Prior Year Increase! Decrease) } ‘Coop. Education & Training Fund Optional Fund Comunity Development Fund Unrealized Gaine/(Losses) (eserve Fund, = Re ‘an t r L Total Equity (POTAL LIABILITIES & EQUITY Used for Interim Financial Reportshedutle of COST OF SERVICES SCHEDULE 2 ‘Current | Previous [increase/ pecans ‘Year, Year [Decrease { j bette [00 wx | we | xx mx | ox | i [x rox | vom i = yoo | me I [ies Cocca | ee (Ss ican Paging Conmibation 100 = mx 7 Supple essere | eeeonc | ieee L [wx [ex 700 { Tigitend Water a ee {Reais ae (eee eae {7 Repaio and Maintenance wx ex | vee [Sa CHE Tastes = eel [Depreciation sox xx | ox dt Amecination 700 xo cocked) | Tinparaant ton — = xx | [7 Winccinncous (oe [oe xx [GENERATION COST 7 [Teeter =n we ee} [Tabor and Technical Supervision oa | es [sis ets i Tex 208 {T Rapiayes Benet Tex | ce 00 [TRetrement Benet pene yor) eee (insane 7088 ree | ae (SSS Philhealth/ECC/Pag big Contibotion i x | 300 {Supplies Le, x 30% [Professional and Consultancy Fess [2 2x, = Power, Ligntand Water [ex 700 Tex Rentals = x0 78 URepeis and Mainimance 1008 750 meee [Gas C9 e tabaicants 3000 7x. 300k (UBepaciation roe rok 200% (7 ARmoriation’ 20x roo |e Din ORaNR aD, Parcs seeri0n = ¥ arf D> conriadp, eee gore 4ARC DEVELOPMENT COOPERATIVE xxx Town, Province STATEMENTS OF OPERATIONS For the years ended December 31, __and (Amounts in Philippine Pesos) Annex B “ACCOUNT THLE ‘Current Year Prior Year REVENUES (Schedule 1) ‘income Som Credit Operations Income from Consumer Operations acome ftom Service Operations Income from Production Operations Income ftom Marketing Operations Other income Incomelfnterest from Investments ‘Membership Fees Interest Income from Lease Agreements ‘Commission Income Fines, Penalties & Surcharges Miscellsneous Income rors: REVENUES [LESS EXPENSES (Schedule 3) Financing Cost Selling/Marketing Cost Administrative Cost Democratic Governance Cost NET SURPLUS before Other Items ‘Ad: OTHER ITEMS: Project Subsidy Donation and Grant Subsidy Gain on Saio of Property and Equipment Gain in Investment Gain on Sele of Repossessed Item Gaia from Foreign Exchange Transaction Prior Yezr Adjustments Total Les: Subsidized Expenses {Loss on Sale of Property and Equipment { Loss on Investment {Loss on Sale of Reposssed Item ‘Loss from Foreign Exchange Vatuation Prior Year Adjustments Total INET SURPLUS (FOR ALLOCATION)Schedule of Gross Revenues ACCOUNT THTLES icarent Your} Years income from Credit Operations | Interest Income from Loans | Service Fees Filing Fees Fines, Penalties, Surcharges Total Income from Credit Operations EEE! ale RRR ACCOUNT TITLES Consumers | Installment Catering (Cunvent Year} Years lincame fom Coasumery/Catering Operations Isatee vex Less: Sales Retms & AUlowances vex Sales Discounts 0 NetSales 200 HREE [Lass; Cost of Sates Inventory, beginning, vox Purchases (nef) vox Freight-Jn reo ‘Total Purchases 00. ‘Add: Production Cost Direct Materials, Direct Labor Factory /Processing Overhead ‘Total Production Cost “otal Goods Avaiiable For Sale wee 00% Less: inventory, end ‘COST OF SALES nox Es HEER g 3 BRREE REE geee a geuH RE ERS 4 ‘OTAL wep, EERE [Gross Revenaes from Consumers Operations HI ERR RR ACCOUNT THTEES iy bhevan BREE WWE |Current Year [income from Sezvice Operations |REVENUES Service facoms Interest Incerse from Lease Agreement. ‘Total Revenués |LESS: COST OF SERVICES (Schedule 2) Project Management Cost (Generation Cast Distribution Coat ‘Transport Seovice Cast ‘Total Cost of Services Ha [Gross Revenucs from Services AIR HEE gf \ ACCOUNT TITLES suerent Year} Years ceo tom ‘Production Operations isales| [> Less: Seles Retuns Allowances | Sates Discounts | Neesutes [Less: Cost of Good Sold ‘Raw Materials Inventory, beginning Add: Raw Material Purchases Freight—Tn ‘Total Purchases Less: Purchase Retums and Allowances ‘Purchase Discounts ‘Not Parchases Less Raw Materiel, End Cost of Raw Waterials Used Direct Labor Factory Overhead ‘Total Cost of Goods to be Manufactured Add Work in Process, Beg. 2 Work in Process, End ‘Total Cost of Goods Manufactured Less: Finished Goods, End “Total Cost of Goods Sold Add Inventory Loss ‘Adjusted Cost of Good Sold ‘Total Cost of Goods Sold gee HR EREEEES ga HERRERA ERE gue G2 ae EE (Goes Revenace ram Production Operations ‘a Less: Sales Retsons & Allowances ~ Sales Dizcounts| NeiSelas - ‘Less: Cost of Sale Teventory, beginning Purchases (ei) ‘Total Goods Available For Sale Lass: Inventory, end (COST ORSALES EEE {Gros Revenues from Marketing Operations k= HEH R HEHPrevious [increase/ Year [Decrease m_— XK ACCOUNTS age a Miscellancous DISTRIBUTION COST Power Cost Employees Benefits Raticement Benet Expenses Trsurance 5S, Fhulhealth, ECC, Pag-Ibig Contribution Supplies Professional and Consultancy Fees =, Lightand Water t tl [ { t t { c i Hb LH SUBUA VE EIA ISVS VRIEUS |B IETS IB IS 181213 1B ee | 1] BUR VA VS VEUS UH BIR TS US LUE UB YE IRIE ISI B 18 SUR VAVRVRIR UAV RVSIE US BUS TG IRIE ISI 318 Miscellaneous (CHRANGECEY SeRviCas COST Trsurance | Gas, Cale Lubroants {Depreciation [Drivers [Conductors Fees Tora T Vehicle Reghtration and Licensing Expenses Repairs and Maintenance [Incidental Bipenses {7 Rrovison for Fortatous Events and Accidents SVRIBIRISISIEIB IE UR IRIE UR /RIEUS IE SUR ISTR IE RTH |B IHiNEORMATION ARDY 7 SIGNIEICANT ACCOUNTING POLICIES {7° SIGNIFICANT ACCOUNTING FUDGEMENT 1: Management Osjectives an Pitas roc Ps 122, Othar Pris Rig Ssily (Cash de Cash Eguivalent Notes Hnancilaaets describe composition, description et Loans fs Ressivales PX Lats Becerable, Not 72. Teade and Seber Receivables Biologie Ascots Other Curent Acts ‘eeatedown of Nor-Current Financial Asses Loans Payatie| ‘Rance Leve Paeble (Other Now-Currone Lins Deposit on Future Share Sebsexipions Donations /Grents Sinsutory Fats “Unzeliced Goine/Losses ncoese So Cres Operations Encore from Consumer Store Operations Encome foun Service Operations Income from Production Operations Income fom Marksting Operations Oteerincose ‘Allocation & Distbution of Net Surplus ‘Conperative Guarentee Fund ployee Bovets Increase in Cope Stack Related Peey Transactions ‘Bvents Jer Halance Shaet Date Comingenciss 1 Objective, Policies and Procedures Common (Capital anagem eho