Statement of Financial Position

As of December 31 20x1
(In Philippine Peso)
ASSETS Notes
Current Assets
Cash and Cash equivalents 4 4 240 975
Trade and other receivables 5 9 033 111
Inventories 6 22 117 615
Prepaid expenses 7 1 124 364
Held for Trading 2 834 079
Total Current assets 39 350 144
Noncurrent assets
Loan Receivable 8 8592522
Property, plant and equipment 9 12 370 960
Investment in equity securities 987 234
Investment in associates 1 290 347
Deferred tax asset 1 092 387
Total Noncurrent assets 24 333 450
TOTAL ASSETS 63 683 594
LIABILITIES AND EQUITY
Current liabilities
Trade and other payables 10 10 302 733
Income tax payable 721 346
Short term liability 11 7 253 748
Provision 432 187
Total Current liabilities 18 710 014
Noncurrent liabilities
Deferred tax credit 712 788
Deferred tax liability 918 732
Total Noncurrent liabilities 1 631 520
EQUITY
Ordinary share capital 20 000 000
share premium 6 000 000
Retained earnings 12 16 344 664
Other components of equity 13 997 396
Total Equity 43 342 060
TOTAL LIABILITIES AND EQUITY 63 683 594
 Note 10
Note 4 Accounts payable
Cash on hand 62 350 Accrued liabilities
Cash in Bank-BPI 1 720 500 Interest payable
Cash in Bank-BPI 1890 234 Trade and other payables
Cash in Bank-BDO 567 891
Cash and Cash Equivalents 4 240 975

Note 5
Account Receivable 7 994 507 Note 11
Advances to employee 57 610 Loans Payable
Advances to supplier 34 981 Discount on loan payable
Interest receivable 946 031 Net
Trade and other Receivable 9 033 111
Note 12
Note 6 RE-unrestricted
Raw materials inventory 1237398 RE-appropriated
Work in process inventory 7987908 Retained Earnings
Finished goods inventory 12892309
Inventory 22117615 Note 13
Revaluation surplus
Note 7 Unrealized gains
Prepaid income tax 234125 Other components of equity
Prepaid supplies 890239
Prepaid expense 1124364

Note 8
Loan receivable 9827341
Unearned interest income 1234819
8592522

Note 9
Land 8980751
Building 3419877
Accum. Dep.- B -712930
Equipment 917387
Accum. Dep.- E -234125
PPE 12370960
 9071239
889712
341782
d other payables 10 302 733

8000000
on loan payable -746252
7253748

15144664
1200000
16344664

873984
123412
mponents of equity 997396