Table 1.1.

b
NATIONAL ELECTRIFICATION ADMINISTRATION
COMPARATIVE BALANCE SHEET, FY 2008-2010
(In Thousand Pesos)

2008 2009 2010

PARTICULAR S Actual/ Estimate Proposed
Unaudited

ASSETS
Current Assets
Cash on Hand and in Banks 2,364,956 1,905,763 1,475,669
Inter-Agency/Other Receivables 3,961,051 4,677,327 5,336,597
Inventories 41,763 33,763 23,763
Prepayments 449 3,129 5,009
Total Current Assets 6,368,219 6,619,982 6,841,038

Receivable Accounts (ECs/PSALM/Others) 12,809,007 11,842,217 11,656,746

Fixed Assets 269,701 290,969 319,044
Other Assets 36,252 31,452 27,852
TOTAL ASSETS 19,483,179 18,784,620 18,844,680

LIABILITIES
Current Liabilities
Accounts Payable 78,006 66,206 63,956
Inter-Agency Payable 12,293,335 12,294,285 12,295,285
Other Liability Accounts 2,111,308 2,107,308 2,101,808
Total Current Liabilities 14,482,649 14,467,799 14,461,049

Long-Term Liabilities/Borrowings 4,088,824 3,048,278 2,592,628

Deferred Credits 89,537 85,937 80,937
TOTAL LIABILITIES 18,661,010 17,602,014 17,134,614

STOCKHOLDERS' EQUITY
Government Equity 4,970,461 4,970,461 4,970,461
Donated Capital 177,560 177,560 177,560
Retained Earnings (4,325,852) (3,965,415) (3,437,955)

TOTAL STOCKHOLDERS' EQUITY 822,169 1,182,606 1,710,066

TOTAL LIABILITIES & STOCKHOLDERS'

EQUITY 19,483,179 18,784,620 18,844,680