Department of Transportation

CIVIL AERONAUTICS BOARD

STATEMENT OF FINANCIAL POSITION
Fund 101
As of December 31, 2019
(In PhP)

Note 2019 2018

ASSETS

Current Assets
Cash and Cash Equivalents 5 1,486,488.84 1,062,381.75
Receivables 6 629,190.57 645,004.91
Inventories 7 339,577.81 309,315.93
Other Current Assets 8 1,409,363.37 119,955.25
Total Current Assets 3,864,620.59 2,136,657.84

Non-Current Assets
Property, Plant and Equipment 10 19,908,736.32 19,227,064.89
Intangible Assets 11 1,502,618.39 2,050,171.67
Other Non-Current Assets 9 93,403.47 10,500.00
Total Non-Current Assets 21,504,758.18 21,287,736.56

Total Assets 25,369,378.77 23,424,394.40

LIABILITIES

Current Liabilities
Financial Liabilities 12.1 3,604,809.39 1,404,200.00
Inter-Agency Payables 12.2 1,487,613.74 420,365.64
Total Current Liabilities 5,092,423.13 1,824,565.64

Total Liabilities 5,092,423.13 1,824,565.64

Total Assets less Total Liabilities 20,276,955.64 21,599,828.76

NET ASSETS/EQUITY
Accumulated Surplus/(Deficit) 20,276,955.64 21,599,828.76
Total Net Assets/Equity 20,276,955.64 21,599,828.76

This statement should be read in conjunction with the accompanying notes.

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 Department of Transportation
CIVIL AERONAUTICS BOARD
STATEMENT OF FINANCIAL PERFORMANCE
Fund 101
For the Year Ended December 31, 2019
(In PhP)

Note 2019 2018

Revenue
Service and Business Income 13.1 124,892,677.34 104,913,196.48

Total Revenue 124,892,677.34 104,913,196.48

Less: Current Operating Expenses

Personnel Services 14.1 72,623,380.27 59,968,509.93
Maintenance and Other Operating
Expenses 14.2 69,444,507.91 71,817,599.81
Non-Cash Expenses 14.3 5,801,616.93 3,502,697.18

Total Current Operating

Expenses 147,869,505.11 135,288,806.92

Surplus/(Deficit) from Current

Operations (22,976,827.77) (30,375,610.44)

Net Financial Assistance/Subsidy 15.1 144,901,019.91 138,500,612.95

Surplus/(Deficit) for the period 121,924,192.14 108,125,002.51

This statement should be read in conjunction with the accompanying notes.

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 Department of Transportation
CIVIL AERONAUTICS BOARD
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
Fund 101
For the Year Ended December 31, 2019
(In PhP)

Note 2019 2018

Balance at January 1 21,599,828.76 21,817,974.01

Add/(Deduct):
Prior period errors/ adjustments 4 126,145.50 (2,762,595.70)
Restated balance 21,725,974.26 19,055,378.31

Add/(Deduct):
Changes in Net Assets/Equity for
the Calendar Year
Surplus/(Deficit) for the period 121,924,192.14 108,125,002.51
Adjustment of net revenue recognized
directly in net assets/equity 19 (123,373,210.76) (105,580,552.06)

Balance at December 31 20,276,955.64 21,599,828.76

This statement should be read in conjunction with the accompanying notes.

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 Department of Transportation
CIVIL AERONAUTICS BOARD
STATEMENT OF CASH FLOWS
Fund 101
For the Year Ended December 31, 2019
(In PhP)

Note 2019 2018

Cash Flows From Operating Activities

Cash Inflows
Receipt of Notice of Cash Allocation 16 139,874,427.00 134,363,237.00
Collection of Income/Revenues 124,716,402.76 104,672,947.48
Collection of Receivables 11,000.00 53,000.00
Other Receipts 663,298.08 540,776.23
Incrase in Petty Cash Fund 5,000.00 0.00
Adjustments 4,000.00 1,132,898.74
Total Cash Inflows 265,274,127.84 240,762,859.45

Cash Outflows
Remittance to National Treasury 18 124,350,863.75 105,808,946.11
Payment of Expenses 117,519,731.67 87,302,904.28
Purchase of Inventories 195,078.00 363,350.00
Grant of Cash Advances 3,232,905.22 29,759,355.99
Prepayments 2,243,554.49 35,155.25
Remittance of Personnel Benefit
Contributions and Mandatory
Deductions 12,559,113.81 12,679,129.24
Release of Inter-Agency Fund Transfers 276,140.11 16,004.91
Reversal of Unutilized NCA 3,838.46 911,394.33
Adjustments 15.1, 16 24,029.50 0.00
Total Cash Outflows 260,405,255.01 236,876,240.11

Net Cash Provided by (Used in) Operating

Activities 4,868,872.83 3,886,619.34
 Note 2019 2018

Cash Flows from Investing Activities

Cash Outflows
Purchase/Construction of Property,
Plant and Equipment 4,444,765.74 3,399,158.00
Total Cash Outflow 4,444,765.74 3,399,158.00

Net Cash Provided by (Used in) Investing

Activities (4,444,765.74) (3,399,158.00)

Increase (Decrease) in Cash and Cash

Equivalents 424,107.09 487,461.34

Cash and Cash Equivalents, January 1 1,062,381.75 574,920.41

Cash and Cash Equivalents, December 31 1,486,488.84 1,062,381.75

This statement should be read in conjunction with the accompanying notes.

 CIVIL AERONAUTICS BOARD
STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS
Fund 101
For the Year Ended December 31, 2019
(In Thousands)
(In PhP)

Budgeted Amounts Actual Amounts Difference

Particulars on Comparable Final Budget
Basis and Actual

Original Final

Note
RECEIPTS
Services and Business Income 20 117,000.00 117,000.00 124,717.00 (7,717.00)
Total Receipts 117,000.00 117,000.00 124,717.00 (7,717.00)

PAYMENTS
Personnel Services 65,382.00 58,513.00 72,692.00 (14,179.00)
Maintenance and Other Operating 81,544.00 70,139.00 69,445.00 694.00
Expenses
Capital Outlay 5,300.00 3,277.00 5,802.00 (2,525.00)
Total Payments 20 152,226.00 131,929.00 147,939.00 (16,010.00)

NET RECEIPTS/PAYMENTS (35,226.00) (14,929.00) (23,222.00) 8,293.00

This statement should be read in conjunction with the accompanying notes.

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