CTPL

Year End: 31 March 2018

Trial balance
Current
Account Prelim Adj's Reclass Rep

*** Unassigned Accounts *** 0.00 0.00 0.00 0.00

50 Cash in bank and on hand 57,465,061.43 960,524.02 0.00 58,425,585.45

50.01 Cash in bank 57,424,928.18 960,524.02 0.00 58,385,452.20

1000 Cash in bank - BDO 14,490,974.00 0.00 0.00 14,490,974.00
1001.1 Cash in bank - BPI (PHP) 38,099,727.30 -1,237,179.33 0.00 36,862,547.97
1001.2 Cash in bank - BPI (USD) 2,434,923.73 0.00 0.00 2,434,923.73
1001.3 CIB-BOA (USD) 2,399,303.15 0.00 0.00 2,399,303.15
1001.4 Time deposit 0.00 2,197,703.35 0.00 2,197,703.35

50.02 Cash on hand 40,133.25 0.00 0.00 40,133.25

1100 Petty cash fund 40,133.25 0.00 0.00 40,133.25
1101 Cash 0.00 0.00 0.00 0.00

54 Trade and other receivables 441,384,051.39 -32,659,803.05 0.00 408,724,248.34

54.01 Trade receivables 278,903,063.82 7,478,761.18 0.00 286,381,825.00

1020 AR-Billed 0.00 0.00 0.00 0.00
1021 AR-Unbilled 0.00 0.00 0.00 0.00
1031 AR- Employee (tax payable 2014) 0.00 0.00 0.00 0.00
1033 Allowance for Doubtful Accounts 0.00 -473,006.56 0.00 -473,006.56
1059 Sundry Debtors 278,903,063.82 7,951,767.74 0.00 286,854,831.56

54.02 Advances 40,732,202.36 -33,471,579.67 0.00 7,260,622.69

1001 Advances to Supplier 6,237,520.05 -5,065,944.65 0.00 1,171,575.40
1022 Advances to officers and employees - others 4,127,033.33 -1,335,572.87 0.00 2,791,460.46
1023 Advances for liquidation 913,098.51 0.00 0.00 913,098.51
1032 Advances for expenses 3,867,232.33 -974,846.51 0.00 2,892,385.82
1035 Allowance for impairment losses- adv. for liquidat 0.00 -913,098.51 0.00 -913,098.51
1102 Gener Tungul 0.00 0.00 0.00 0.00
1103 Kittelson & Carpo (Advances) 334,173.17 -334,173.17 0.00 0.00
1110 Gramono (Advances) 24,582,623.37 -24,582,623.37 0.00 0.00
1111 Lecomsys Inc (Advances) 670,521.60 -670,521.60 0.00 0.00
1112 Triple I Consulting (Advances) 0.00 405,201.01 0.00 405,201.01

54.03 Other receivables 121,748,785.21 -6,666,984.56 0.00 115,081,800.65

1008 Other Receivable 1,164,259.27 -1,132,367.16 0.00 31,892.11
1024 Due from affiliates 4,053,441.03 -4,053,441.03 0.00 0.00
1025 Due from employees 0.00 0.00 0.00 0.00
1026 Due from Client 98,711.87 0.00 0.00 98,711.87
1034 Due from Affiliate (CSPL) 233,725.15 -2,830,869.79 0.00 -2,597,144.64
1066 Accounts receivable - non trade others 1,600.00 0.00 0.00 1,600.00
1104 Nezda Technologies Inc 115,471,400.26 1,513,374.26 0.00 116,984,774.52
1108 Social Security System (Reimbursement) 725,647.63 -163,680.84 0.00 561,966.79
4063 Due from related parties 0.00 0.00 0.00 0.00

56 Prepayments and other current assets 38,984,833.02 -4,599,545.16 0.00 34,385,287.86

56.01 Prepayments 18,784,586.04 31,447.18 0.00 18,816,033.22

1002 Prepaid Fringe Benefit Tax Exp -0.06 0.00 0.00 -0.06
1003 Prepaid Fringe Benefit Expense 0.01 0.00 0.00 0.01
1004 Prepaid Internet 0.00 0.00 0.00 0.00
1005 Prepaid Rent 3,668,195.21 0.00 0.00 3,668,195.21
1012 Prepaid Expenses - others 6,989,331.93 -352,790.63 0.00 6,636,541.30
1013 Prepaid Courier 40,234.71 0.00 0.00 40,234.71
1014 Prepaid HMO Medical Fee 6,637,131.78 -1,613,470.48 0.00 5,023,661.30
1015 Prepaid Insurance-General Liab -0.01 0.00 0.00 -0.01
1016 Prepaid Membership fee 113,541.36 0.00 0.00 113,541.36
1017 Prepaid Parking Space 0.00 0.00 0.00 0.00
1018 Prepaid Rent:Office Space 0.00 0.00 0.00 0.00
1019 Prepaid Rent:Telecom/IT 0.00 0.00 0.00 0.00
1106 Prepaid Comprehensive Insurance: Prepaid Insuran 25,378.83 0.00 0.00 25,378.83
1107 Prepaid Expenses: Prepaid Repairs & Maintenance 81,366.67 0.00 0.00 81,366.67
4059 Prepaid Insurance-Comprehensive 0.00 0.00 0.00 0.00
4061 Prepaid Insurance-Recruitment 0.00 0.00 0.00 0.00
4068 Prepaid Insurance - other 67,298.40 0.00 0.00 67,298.40
4070 Prepaid recruitment 1,162,107.21 1,997,708.29 0.00 3,159,815.50

56.02 Other current assets 20,200,246.98 -4,630,992.34 0.00 15,569,254.64

1006 Input VAT 808,466.53 -452,645.52 0.00 355,821.01
1007 Deferred Input VAT 2,997,266.50 51,344.41 0.00 3,048,610.91
1030 Revolving Fund 0.00 0.00 0.00 0.00
1065 Final Pay Recovery 968,044.83 0.00 0.00 968,044.83
1109 Fixed Deposit-BDO 0.00 0.00 0.00 0.00
1300 Creditable Withholding Tax 8,233,031.57 1,040,987.78 0.00 9,274,019.35
1301 Deposits 7,945,712.29 -5,270,679.01 0.00 2,675,033.28
1302 Allowance for impairment losses - deposit -752,274.74 0.00 0.00 -752,274.74
1303 Security deposits (current) 0.00 0.00 0.00 0.00

57 Security deposit 0.00 2,667,774.65 0.00 2,667,774.65

57.01 Deposit 0.00 2,667,774.65 0.00 2,667,774.65

1009 Security Deposit 0.00 2,667,774.65 0.00 2,667,774.65
1301.1 Deposits - non-current 0.00 0.00 0.00 0.00

58 Property, plant and equipment 16,797,055.90 23,786,710.86 0.00 40,583,766.76

58.01 Cost 46,827,711.45 29,045,770.30 0.00 75,873,481.75
1041 Furniture and Fixture 3,950,810.93 0.00 0.00 3,950,810.93
1042 Hardware & Software:Computer 17,554,576.01 0.00 0.00 19,123,018.42
1043 Hardware & Software:Software 1,823,073.85 3,550,000.00 0.00 5,373,073.85
1044 Leasehold Improvements 14,260,137.25 22,554,264.29 0.00 36,814,401.54
1045 Office Equipment 2,183,165.98 1,373,063.60 0.00 3,556,229.58
1046 Office Equipment:Other Equipment 6,152,152.79 0.00 0.00 6,152,152.79
1047 Vehicle 903,794.64 0.00 0.00 903,794.64

58.02 Accumulated depreciation -30,030,655.55 -5,259,059.44 0.00 -35,289,714.99

1051 Furniture and Fixture:Accum. Dep.-Furn. & Fixt -2,406,418.14 0.00 0.00 -2,406,418.14
1052 Hardware & Software:Computer:Accum. Dep.-Compute -12,391,316.49 -1,292,157.08 0.00 -13,683,473.57
1053 Hardware & Software:Software:Accum. Dep.-Softwar -1,580,909.60 -463,472.22 0.00 -2,044,381.82
1054 Amortization-Leasehold Imp. -10,872,985.74 -3,084,355.74 0.00 -13,957,341.48
1056 Office Equipment:Other Equipment:Accum. Dep.-Oth -2,146,369.37 -419,074.40 0.00 -2,565,443.77
1057 Vehicle:Accum. Dep - Vehicle -632,656.21 0.00 0.00 -632,656.21

59 Other assets 2,869,913.96 3,764,805.79 0.00 6,634,719.75

1064 Deferred Income tax 2,869,913.96 3,764,805.79 0.00 6,634,719.75

69 Trade payables 0.00 0.00 0.00 0.00

2004 Accounts Payable-Trade 0.00 0.00 0.00 0.00

70 Accrued and other payables -56,810,342.41 -4,129,449.35 0.00 -60,939,791.76

2026 13th Month Payable -12,321,375.26 4,261,016.54 0.00 -8,060,358.72
2035 Income Tax Payable 0.00 0.00 0.00 0.00
2200 Sundry Creditors -15,266,677.93 488,282.12 0.00 -14,778,395.81
2201 Rental - Staff House Payable 0.00 0.00 0.00 0.00

70.01 Accrued expenses 0.00 -4,301,540.90 0.00 -4,301,540.90

2000 Accrued Expense 0.00 -4,301,540.90 0.00 -4,301,540.90

70.02 Government liabilities -19,018,289.22 -4,577,207.11 0.00 -23,595,496.33

2001 Fringe Benefit Tax Payable 0.00 0.00 0.00 0.00
2003 Expanded Withholding Tax 0.00 0.00 0.00 0.00
2008 HDMF Payable (EE) -169,199.90 0.00 0.00 -169,199.90
2009 HDMF Payable (ER) -164,900.00 0.00 0.00 -164,900.00
2010 HDMF Payable loan -58,052.11 0.00 0.00 -58,052.11
2011 PhilHealth Payable (EE) -447,315.60 0.00 0.00 -447,315.60
2012 PhilHealth Payable (ER) -447,319.37 0.00 0.00 -447,319.37
2013 SSS Payable (EE) -843,207.70 0.00 0.00 -843,207.70
2014 SSS Payable (ER) -1,870,508.50 0.00 0.00 -1,870,508.50
2015 SSS Payable Loan -54,115.71 0.00 0.00 -54,115.71
2016 Fringe Benefit Tax (FBT) payable 0.00 0.00 0.00 0.00
2017 Withholding Tax payable -464,474.49 -551.19 0.00 -465,025.68
2018 Withholding Tax Payable -At Source -245,208.88 -95,190.00 0.00 -340,398.88
2019 Withholding Tax Payable-Compensation -525,715.77 -1,582,589.82 0.00 -2,108,305.59
2020 Deferred Output VAT -11,896,067.38 -2,634,191.87 0.00 -14,530,259.25
2021 Output VAT -1,832,203.81 -264,684.23 0.00 -2,096,888.04
2023 Loan Payable:Pagibig 0.00 0.00 0.00 0.00

70.04 Deposit for future stock subscription -10,204,000.00 0.00 0.00 -10,204,000.00
2022 Deposit for Future Stock Subscr -10,204,000.00 0.00 0.00 -10,204,000.00

71 Advances from parent -154,730.54 0.00 0.00 -154,730.54

2002 Advances from Parent -154,730.54 0.00 0.00 -154,730.54

84 Other liabilities -18,679,655.77 3,672,325.16 0.00 -15,007,330.61

2005 Due to Affiliates -7,072,373.29 7,072,373.29 0.00 0.00
2006 Other Current Liability -253,128.77 -229,165.47 0.00 -482,294.24
2007 Salaries Payable -4,704,160.79 1,135,225.25 0.00 -3,568,935.54
2027 Accounts payable - non trade -10,912.51 0.00 0.00 -10,912.51
2028 AP - Employee Reimbursement -86,000.78 0.00 0.00 -86,000.78
2029 Incentive payable -3,556,445.73 0.00 0.00 -3,556,445.73
2030 Other liabilities 0.00 0.00 0.00 0.00
2031 Due to Employees -554,697.06 554,697.06 0.00 0.00
2032 AP-Employee (tax refund) -790,198.09 0.00 0.00 -790,198.09
2034 Interest payable -1,017,240.00 -4,994,300.73 0.00 -6,011,540.73
2039 Advances from customers -133,495.75 133,495.76 0.00 0.01
2040 Provision for AFL -501,003.00 0.00 0.00 -501,003.00

85 Loans payable -274,738,764.03 4,711,659.45 0.00 -270,027,104.58

2036 Unsecured Loans Payable: Bank of America -156,330,157.37 -149,842.63 0.00 -156,480,000.00
2037 Unsecured Loans Payable: Collabera, Inc. -53,666,116.91 1,506,116.33 0.00 -52,160,000.58
2038 Unsecured Loans Payable: Collabera Techno -64,742,489.75 3,355,385.75 0.00 -61,387,104.00

86 Issued share capital -188,108,511.78 0.00 0.00 -188,108,511.78

3001 Capital Stock -71,988,577.00 0.00 0.00 -71,988,577.00
3002 Retained Earnings -116,119,934.78 0.00 0.00 -116,119,934.78

91 Service revenue -978,102,882.35 -1,198,905.36 0.00 -979,301,787.71

5001 Service Fees:SF-Billed 0.00 0.00 0.00 0.00
5002 Service Fees:SF-Unbilled 0.00 0.00 0.00 0.00
5003 Domestic sales -776,441,605.18 2,228,567.47 0.00 -774,213,037.71
5004 Export Services -40,094,056.84 342,238.59 0.00 -39,751,818.25
5005 Unbilled Sales -19,579,969.56 -4,389,070.83 0.00 -23,969,040.39
5006 Client Referral Service Income 0.00 0.00 0.00 0.00
5007 Support Service Income 0.00 0.00 0.00 0.00
5009 Domestic Sales-SA & Exp -132,819,849.31 529,609.41 0.00 -132,290,239.90
5010 Sales Discount 19,871.19 0.00 0.00 19,871.19
5011 Domestic sales - FTE -8,546,256.91 89,750.00 0.00 -8,456,506.91
5012 TACT Sales -641,015.74 0.00 0.00 -641,015.74

92 Other income 9,503,711.69 -1,830,619.40 0.00 7,673,092.29

4014 Unrealized Forex Gain and Loss 4,843,823.95 300,756.85 0.00 5,144,580.80
5000 Interest Income -95,619.65 -1,680,734.65 0.00 -1,776,354.30
5020 Other Income -189,255.69 -450,641.60 0.00 -639,897.29
5021 Realized FOREX Gain/(Loss) 4,944,763.08 0.00 0.00 4,944,763.08

93 Cost of services 742,422,719.81 -3,720,700.26 0.00 738,702,019.55

4060 Water & Electricity 143,862.20 0.00 0.00 143,862.20
4067 Freight and Shipping Costs (Direct) 10,618.36 0.00 0.00 10,618.36
4075 Transportation &Travel (Direct) 2,910,480.28 336,000.00 0.00 3,246,480.28
4105 Transportation & Travel (AFL) 9,683.04 0.00 0.00 9,683.04
4106 Transportation Allo. 2,878.40 0.00 0.00 2,878.40
5008 13th Mo. Pay - Taxable 0.00 0.00 0.00 0.00
6000 Direct Labor 4,195,147.50 0.00 0.00 4,195,147.50
6001 13th Mo. Pay - NTax 42,720,352.30 -3,821,395.26 0.00 38,898,957.04
6002 Other Bonuses - NTax 0.00 0.00 0.00 0.00
6003 Contributions Expenses 0.00 0.00 0.00 0.00
6004 HDMF-BPO (ER) 0.00 0.00 0.00 0.00
6005 HDMF (ER) 1,931,912.50 0.00 0.00 1,931,912.50
6006 PhilHealth-BPO (ER) 0.00 0.00 0.00 0.00
6007 PhilHealth (ER) 4,842,864.73 0.00 0.00 4,842,864.73
6008 SSS-BPO (ER) 0.00 0.00 0.00 0.00
6009 SSS (ER) 21,149,622.20 0.00 0.00 21,149,622.20
6010 Direct - Non-Taxable Bonus&Allo 37,083,585.23 53,705.65 0.00 37,137,290.88
6011 Direct - Taxable Bonus and Allo 25,303,157.95 46,294.35 0.00 25,349,452.30
6012 Employee Benefits:HMO 10,004,296.06 0.00 0.00 10,004,296.06
6013 Employee Benefits:HMO-BPO 0.00 0.00 0.00 0.00
6014 Employee Benefits:Life & Accident Insurance 16,494.73 0.00 0.00 16,494.73
6015 Employee Benefits:Other Benefits 0.00 0.00 0.00 0.00
6016 Non-Taxable Bonus & Allo-BPO 0.00 82,000.00 0.00 82,000.00
6017 Salaries & Wages 467,744,562.11 0.00 0.00 467,744,562.11
6018 Salaries & Wages-BPO 0.00 0.00 0.00 0.00
6019 Taxable Bonus & Allowances-BPO 0.00 0.00 0.00 0.00
6020 VL Conversion 2,898,293.91 0.00 0.00 2,898,293.91
6021 Rental-Staff House 775,918.47 0.00 0.00 775,918.47
6022 Staff House - Others 0.00 0.00 0.00 0.00
6023 Advance for Liquidation Expense – Direct 532,006.40 0.00 0.00 532,006.40
6024 Incentive direct 3,777,500.00 0.00 0.00 3,777,500.00
6068 Meals & Entertainment (Direct) 2,620,128.36 0.00 0.00 2,620,128.36
6069 Office Supplies (Direct Expense) 137,809.87 0.00 0.00 137,809.87
6070 Professional Fee (Direct) 106,312,976.49 0.00 0.00 106,312,976.49
6071 Recruitment-Background Check (Direct) 5,623,566.82 -427,305.00 0.00 5,196,261.82
6072 Repairs & Maint. (Direct) 183,562.01 0.00 0.00 183,562.01
6073 Staff Training 451,011.74 0.00 0.00 451,011.74
6074 Telecommunication Expense (Direct) 135,464.08 0.00 0.00 135,464.08
6075 Staff Welfare-Direct 904,964.07 10,000.00 0.00 914,964.07
6706 Pre-employment Medical-Direct 0.00 0.00 0.00 0.00
94 General and administrative expenses 193,150,890.90 13,381,016.22 0.00 206,531,907.12

94.01 Advertising and promotion 79,295.54 0.00 0.00 79,295.54

4016 Advertising and Promotion 79,295.54 0.00 0.00 79,295.54

94.02 Communication expense 17,643,342.31 -779,264.40 0.00 16,864,077.91

4007 Internet 3,735,651.89 82,666.66 0.00 3,818,318.55
4018 Landline -699,742.62 55,186.71 0.00 -644,555.91
4019 Mobile 14,600,389.85 -917,117.77 0.00 13,683,272.08
4109 Mobile (AFL) 7,043.19 0.00 0.00 7,043.19

94.03 Courier 157,369.12 0.00 0.00 157,369.12

4020 Courier 157,024.12 0.00 0.00 157,024.12
4107 Courier (AFL) 345.00 0.00 0.00 345.00

94.04 Depreciation expense 8,121,949.62 2,174,703.70 0.00 10,296,653.32

4022 Depreciation-Computer Equipt. 5,513,330.16 1,292,157.08 0.00 6,805,487.24
4023 Depreciation-Furn. & Fixt. 777,513.34 0.00 0.00 777,513.34
4024 Depreciation-Other Equipt. 1,353,885.81 419,074.40 0.00 1,772,960.21
4025 Depreciation-Software Equipt. 296,461.31 463,472.22 0.00 759,933.53
4026 Depreciation-Vehicle 180,759.00 0.00 0.00 180,759.00

94.05 Amortization 2,795,504.63 3,084,355.74 0.00 5,879,860.37

4021 Amortization-Leasehold Imp. (Exp) 2,795,504.63 3,084,355.74 0.00 5,879,860.37

94.06 Dues and subscription 2,361,006.55 -78,091.25 0.00 2,282,915.30

4027 Dues and Subscriptions 2,361,006.55 -78,091.25 0.00 2,282,915.30

94.07 Equipment expense 172,825.25 0.00 0.00 172,825.25

4015 Equipment Expense 172,825.25 0.00 0.00 172,825.25

94.08 Fringe benefit expense 4,535,832.92 1,526,139.10 0.00 6,061,972.02

4000 Fringe Benefit Tax Expense 183,568.10 0.00 0.00 183,568.10
4001 Fringe Benefit Expense 780,164.38 0.00 0.00 780,164.38
4082 Staff Welfare - Others 2,479,176.86 -89,285.71 0.00 2,389,891.15
4083 HMO (indirect expense) 1,092,923.58 1,588,196.23 0.00 2,681,119.81
4102 Staff welfare (AFL) 0.00 27,228.58 0.00 27,228.58

94.09 Insurance expense 398,266.84 -112,962.18 0.00 285,304.66

4006 Insurance Expense:General Liability Insurance 107,019.27 -112,962.18 0.00 -5,942.91
4030 Insurance Expense:Life Insurance 11,331.17 0.00 0.00 11,331.17
4031 Insurance Expense:Travel Insurance 0.00 0.00 0.00 0.00
4006.1 Insurance Expense - others 279,916.40 0.00 0.00 279,916.40

94.10 Janitorial expense 0.00 0.00 0.00 0.00

4032 Janitorial Expense 0.00 0.00 0.00 0.00
94.11 Membership fees 251,341.84 0.00 0.00 251,341.84
4033 Membership fee 251,341.84 0.00 0.00 251,341.84

94.12 Professional fees 4,881,857.85 60,000.00 0.00 4,941,857.85

4004 Payroll Services 5,102.04 0.00 0.00 5,102.04
4011 Professional Fees 0.00 0.00 0.00 0.00
4036 Accounting Services 0.00 0.00 0.00 0.00
4037 Audit Fees 496,935.62 0.00 0.00 496,935.62
4038 Legal Services 4,279,502.35 60,000.00 0.00 4,339,502.35
4039 Other Services 100,317.84 0.00 0.00 100,317.84
4040 Payroll Services 0.00 0.00 0.00 0.00

94.13 Recruitment 15,778,645.30 1,256,791.71 0.00 17,035,437.01

4012 Recruitment 0.00 0.00 0.00 0.00
4041 Background Checking 24,941.55 0.00 0.00 24,941.55
4042 Pre-Employment Medical -30,330.00 0.00 0.00 -30,330.00
40.82 Referral Fee 260,950.00 0.00 0.00 260,950.00
4042.1 Recruitment - others 15,523,083.75 1,256,791.71 0.00 16,779,875.46

94.14 Rent expense 17,314,251.64 -74,555.08 0.00 17,239,696.56

4013 Rent Expense 16,840,556.94 -74,555.08 0.00 16,766,001.86
4072 Rental-Staff House (Indirect) 473,694.70 0.00 0.00 473,694.70

94.15 Representation 4,304,421.05 1,507,105.89 0.00 5,811,526.94

4044 Representation 2,324,598.62 -100,477.53 0.00 2,224,121.09
4100 Representation (AFL) 1,979,822.43 1,607,583.42 0.00 3,587,405.85

94.16 Salaries and wages 73,443,107.90 -2,692,864.85 0.00 70,750,243.05

4045 Salaries & Wages 0.00 0.00 0.00 0.00
4046 Non-Taxable Bonus and Allowance 9,202,033.61 68,523.71 0.00 9,270,557.32
4047 Taxable Bonus and Allowances -444,395.21 2,633,252.09 0.00 2,188,856.88
4071 Salaries & Wages - Other 45,507,236.69 0.00 0.00 45,507,236.69
4073 SSS (ER) -Indirect 2,379,200.80 0.00 0.00 2,379,200.80
4076 13th Month Bonus Indirect 4,779,149.84 -439,621.28 0.00 4,339,528.56
4077 Advance for Liquidation Expense 9,117,574.97 -4,955,019.37 0.00 4,162,555.60
4078 HDMF (ER)- Indirect 235,300.00 0.00 0.00 235,300.00
4079 Incentive Indirect 481,112.75 0.00 0.00 481,112.75
4080 PHIC (ER) - Indirect 509,738.59 0.00 0.00 509,738.59
4081 VL Comm 1,676,155.86 0.00 0.00 1,676,155.86

94.17 SSS, Philhealth, HDMF and other contributions 0.00 0.00 0.00 0.00
4048 SSS, PHIC and HDMF Cont. 0.00 0.00 0.00 0.00

94.18 Trainings and seminars 618,961.28 0.00 0.00 618,961.28

4049 Trainings and Seminars 618,961.28 0.00 0.00 618,961.28

94.19 Office supplies 3,809,113.14 85,011.25 0.00 3,894,124.39

4010 Printing and Reproduction 924,465.90 0.00 0.00 924,465.90
4050 Office Supplies 2,780,372.30 -1,428.57 0.00 2,778,943.73
4051 Pantry Supplies 0.00 0.00 0.00 0.00
4103 Office supplies (AFL) 59,745.37 74,618.51 0.00 134,363.88
4104 Printing and reproducton (AFL) 0.00 11,836.31 0.00 11,836.31
4113 Pantry Supplies (AFL) 44,529.57 -15.00 0.00 44,514.57

94.20 Taxes and licenses 8,331,766.89 345,473.40 0.00 8,677,240.29

4003 Taxes and Licenses 8,331,766.89 345,473.40 0.00 8,677,240.29

94.21 Transportation and travel 11,470,356.97 -483,728.50 0.00 10,986,628.47

4002 Transportation 4,087,352.92 -8,186.40 0.00 4,079,166.52
4052 Travel Expenses 4,301,185.75 -2,183,868.79 0.00 2,117,316.96
4101 Transportation (AFL) 530,468.76 1,708,326.69 0.00 2,238,795.45
4111 Travel (AFL) 2,551,349.54 0.00 0.00 2,551,349.54

94.22 Utilities 4,953,571.85 44,671.96 0.00 4,998,243.81

4053 Utilities 4,349,279.64 44,671.96 0.00 4,393,951.60
4074 Utilities - BPO 604,292.21 0.00 0.00 604,292.21

94.23 Miscellaneous expense 191,219.47 1,736,845.59 0.00 1,928,065.06

4008 Miscellaneous Expense 191,200.33 1,736,845.59 0.00 1,928,045.92
4108 Miscellaneous Exp. (AFL) 19.14 0.00 0.00 19.14

94.24 HMO 0.00 0.00 0.00 0.00

4028 HMO 0.00 0.00 0.00 0.00

94.25 Hotel accomodation 10,098.36 0.00 0.00 10,098.36

4029 Hotel Accomodation 10,098.36 0.00 0.00 10,098.36

94.26 Postage and delivery 1,893.00 0.00 0.00 1,893.00

4034 Postage and delivery 1,893.00 0.00 0.00 1,893.00

94.27 Pretermination fee 0.00 0.00 0.00 0.00

4035 Pretermination Fee 0.00 0.00 0.00 0.00

94.28 Repairs and maintenance 1,357,727.14 250,541.17 0.00 1,608,268.31

4043 Repairs and Maintenance 1,337,342.00 250,541.17 0.00 1,587,883.17
4110 Repairs and Maintenance (AFL) 20,385.14 0.00 0.00 20,385.14

94.29 Impairment of receivables 1,367,990.85 5,528,087.00 0.00 6,896,077.85

4055 Bad Debts Expense 1,367,990.85 4,141,981.93 0.00 5,509,972.78
4056 Bad Debts Expense (>60days @ 50%) 0.00 0.00 0.00 0.00
4057 Write off of other receivables 0.00 0.00 0.00 0.00
4062 Provision for impairment losses - deposit 0.00 0.00 0.00 0.00
4065 Provision for impairment losses- adv. for liq. 0.00 913,098.51 0.00 913,098.51
4112 Provision for doubtful accounts - A/R 0.00 473,006.56 0.00 473,006.56
94.30 Other expenses 8,799,173.59 2,755.97 0.00 8,801,929.56
4005 Bank Service Charges 131,073.45 0.00 0.00 131,073.45
4009 Penalties 78,511.73 0.00 0.00 78,511.73
4069 Interest Expense 8,589,588.41 2,755.97 0.00 8,592,344.38

95 Income tax 14,016,648.78 -4,805,793.57 0.00 9,210,855.21

4058 Provision for income tax - deferred 0.00 -3,764,805.79 0.00 -3,764,805.79
4084 Income Tax Expense 14,016,648.78 -1,040,987.78 0.00 12,975,661.00

0.00 0.00 0.00 0.00

Net Income (Loss) 19,008,911.17 17,183,913.54

2/Aug/2018
10:00 AM
 5E

PY
Rep 03/17 %Chg

0.00 0

51,757,562.67 13

51,665,715.12 13
10,915,869.45 33
28,158,921.74 31
12,563,300.82 -81
27,623.11 8586
0.00 0

91,847.55 -56
35,133.25 14
56,714.30 -100

316,012,147.47 29

195,436,559.30 47
0.00 0
0.00 0
0.00 0
-324,126.71 46
195,760,686.01 47

22,039,814.96 -67
15,554,366.33 -92
4,212,064.24 -34
412,095.51 122
1,497,115.71 93
0.00 0
30,000.00 -100
334,173.17 -100
0.00 0
0.00 0
0.00 0

98,535,773.21 17
197,352.11 -84
3,973,668.00 -100
4,977.50 -100
98,711.87 0
 0.00 0
1,600.00 0
93,847,669.94 25
411,793.79 36
0.00 0

31,833,555.77 8

23,433,735.90 -20
183,568.04 -100
780,164.39 -100
0.00 0
2,646,222.48 39
5,006,617.81 33
8,556.85 370
7,136,747.44 -30
32,906.64 -100
116,583.20 -3
0.00 0
0.00 0
0.00 0
14,063.82 80
7,566.63 975
0.00 0
0.00 0
54,008.42 25
7,446,730.18 -58

8,399,819.87 85
70,356.55 406
1,731,441.44 76
0.00 0
111,672.00 767
0.00 0
5,877,055.67 58
1,361,568.95 96
-752,274.74 0
0.00 0

3,175,939.00 -16

3,175,939.00 -16
3,175,939.00 -16
0.00 0

11,701,380.16 247
30,814,581.46 146
3,874,918.08 2
11,650,870.66 51
1,565,597.96 243
8,848,667.30 316
1,932,423.98 84
2,038,308.84 202
903,794.64 0

-19,113,201.30 85
-1,628,904.80 48
-6,877,986.33 99
-1,284,448.29 59
-8,077,481.11 73
-792,483.56 224
-451,897.21 40

2,869,913.96 131
2,869,913.96 131

0.00 0
0.00 0

-37,354,393.18 63
-5,213,760.29 55
0.00 0
-5,884,752.93 151
0.00 0

-7,177,183.84 -40
-7,177,183.84 -40

-19,078,696.12 24
-197,647.06 -100
0.00 0
-206,500.00 -18
-200,000.00 -18
-26,074.47 123
-465,575.00 -4
-465,575.00 -4
-1,063,675.70 -21
-2,203,469.30 -15
-74,176.36 -27
0.00 0
-389,928.57 19
-821,247.08 -59
-6,216,906.53 -66
 -6,747,921.05 115
0.00 0
0.00 0

0.00 0
0.00 0

-154,730.54 0
-154,730.54 0

-13,534,232.44 11
-7,072,373.29 -100
-79,554.43 506
-3,148,161.44 13
0.00 0
-38,512.37 123
-700,000.00 408
0.00 0
-554,697.06 -100
-790,198.09 0
-1,017,240.00 491
-133,495.76 -100
0.00 0

-178,198,630.96 52
-100,320,000.00 56
-50,159,999.99 4
-27,718,630.97 121

-131,849,401.46 43
-71,988,577.00 0
-59,860,824.46 94

-909,004,484.15 8
0.00 0
0.00 0
-800,686,660.14 -3
-37,924,715.28 5
-67,128,004.98 -64
0.00 0
0.00 0
-3,236,221.83 3988
60,868.08 -67
-89,750.00 9322
0.00 0

8,508,188.91 -10
 2,423,969.69 112
-117,964.72 1406
-471,648.48 36
6,673,832.42 -26

664,986,366.72 11
127,439.02 13
24,938.28 -57
3,021,019.55 7
0.00 0
0.00 0
1,019,502.88 -100
7,793,596.97 -46
34,525,460.53 13
0.00 0
0.00 0
0.00 0
1,915,000.00 1
0.00 0
4,429,150.00 9
0.00 0
20,234,823.20 5
29,833,655.39 24
12,545,168.54 102
7,250,075.28 38
18,111.64 -100
7,066.48 133
29,308.82 -100
-88,000.00 -193
461,587,334.31 1
-25,902.10 -100
0.00 0
1,803,597.04 61
966,078.11 -20
7,549.11 -100
49,367.70 978
0.00 0
1,676,437.14 56
151,087.06 -9
71,913,367.73 48
2,509,961.77 107
216,492.74 -15
78,825.30 472
142,668.20 -5
1,222,556.03 -25
630.00 -100
154,856,215.07 33

245,072.39 -68
245,072.39 -68

15,300,208.90 10
2,848,987.94 34
443,286.98 -245
12,007,933.98 14
0.00 0

159,410.11 -1
159,410.11 -1
0.00 0

6,435,542.08 60
4,227,724.16 61
719,398.84 8
576,786.60 207
730,873.60 4
180,758.88 0

4,596,460.66 28
4,596,460.66 28

912,911.13 150
912,911.13 150

162,350.16 6
162,350.16 6

3,808,359.28 59
197,647.05 -7
840,000.00 -7
1,467,885.44 63
1,302,826.79 106
0.00 0

299,512.94 -5
240,030.70 -102
3,179.86 256
0.00 0
56,302.38 397

0.00 0
0.00 0
 167,166.70 50
167,166.70 50

806,138.24 513
0.00 0
0.00 0
0.00 0
384,200.00 29
421,938.24 928
0.00 0
0.00 0

16,790,189.92 1
0.00 0
54,490.00 -54
504,850.00 -106
688,003.44 -62
15,542,846.48 8

10,653,315.39 62
9,689,905.68 73
963,409.71 -51

5,510,284.72 5
5,510,284.72 -60
0.00 0

59,085,222.96 20
0.00 0
8,250,747.75 12
3,904,700.28 -44
37,569,275.96 21
2,119,937.60 12
4,099,540.05 6
22,450.92 18441
206,100.00 14
1,780,362.65 -73
448,787.50 14
683,320.25 145

0.00 0
0.00 0

507,345.26 22
507,345.26 22

3,172,777.75 23
 252,616.41 266
2,030,336.52 37
0.00 0
0.00 0
0.00 0
889,824.82 -95

5,193,902.95 67
5,193,902.95 67

12,333,993.04 -11
4,762,402.42 -14
7,571,590.62 -72
0.00 0
0.00 0

2,750,117.55 82
2,233,856.09 97
516,261.46 17

193,670.20 896
193,670.20 896
0.00 0

0.00 0
0.00 0

0.00 0
0.00 0

0.00 0
0.00 0

0.00 0
0.00 0

1,180,180.68 36
1,180,180.68 35
0.00 0

1,076,401.45 541
0.00 0
0.00 0
0.00 0
752,274.74 -100
0.00 0
324,126.71 46
 3,515,680.61 150
244,236.78 -46
0.00 0
3,271,443.83 163

24,394,603.00 -62
-901,675.00 318
25,296,278.00 -49

0.00 0

56,259,110.45 -69
 CTPL
(A wholly-owned subsidiary of CTPL)

STATEMENT OF COMPREHENSIVE INCOME

FOR THE FISCAL YEAR ENDED MARCH 31, 2018
(with comparative figures for the fiscal year ended March 31, 2017)

Note 2018 2017

Revenues 14 1 P909,004,484
Cost of services 15 2 -664,986,367
Gross profit 0 3 244,018,117
General and administrative expe 16 4 -151,584,770
Other income (expenses), net 17 5 -8,626,154
Profit from operations 0 6 83,807,193
Interest income 5,6 7 117,965
Finance cost 11,19 8 -3,271,444
Profit before income tax 0 9 80,653,714
Provision for income tax 20 10 -24,394,603
Net profit for the year 0 11 56,259,111
Other comprehensive income - 12 -
Total comprehensive income for the 0 13 P56,259,111

(The notes on pages 1 to 48 are an integral part of these financial statements.)

 CTPL
(A wholly-owned subsidiary of CTPL)

STATEMENT OF CHANGES IN EQUITY

FOR THE FISCAL YEAR ENDED MARCH 31, 2018
(with comparative figures for the fiscal year ended March 31, 2017

Share capital
(Note 12)
Balance at March 31, 2016 P71,988,577
Net profit for the year -
Balance at March 31, 2017 71,988,577
Deposit for future stock subscription -
Net profit for the year -
Balance at March 31, 2018 71,988,577

(The notes on pages 1 to 48 are an integral part of these financial statem

 CTPL
A wholly-owned subsidiary of CTPL)

TATEMENT OF CHANGES IN EQUITY

HE FISCAL YEAR ENDED MARCH 31, 2018
ve figures for the fiscal year ended March 31, 2017)

Deposits for future stock subscription Retained earnings

Total equity
(Note 13) (Note 12)
P- P59,860,823 16
- 56,259,111 17
- 116,119,934 18
10,204,000 - 19
- 14 0 20
10,204,000 116,119,934 15 0 21

to 48 are an integral part of these financial statements.)

 CTPL
(A wholly-owned subsidiary of CTPL)

STATEMENTS OF FINANCIAL POSITION

MARCH 31, 2018
(with comparative figures as at March 31, 2017)

Note 2018 2017

ASSETS

Current assets
Cash 5 22 P51,557,563
Short-term cash investment 5 23 200,000
Trade and other receivables, net 6 24 311,483,783
Prepayments and other current
7 25 31,833,555
asssets, net
Total current assets 0 26 395,074,901

Non-current assets
Property and equipment, net 8 27 11,701,380
Security deposits 9,18 28 3,175,939
Deferred tax assets, net 20 29 2,869,914
Total non-current assets 0 30 17,747,233
Total assets 0 31 P412,822,134

LIABILITIES AND EQUITY

Current liabilities
Accounts payable and other liabilities 10 32 43,261,556
Due to related parties, net 19 33 3,253,436
Loans payable 11 34 178,198,631
Total liabilities 0 35 224,713,623

Equity
Share capital 12 36 71,988,577
Deposit for future stock subscription 13 37 -
Retained earnings (Deficit) 12 38 116,119,934
Total equity 0 39 188,108,511
Total liabilities and equity 0 40 P412,822,134

(The notes on pages 1 to 48 are an integral part of these financial statements.)

atements.)
 CTPL
(A wholly-owned subsidiary of CTPL)

STATEMENT OF CASH FLOWS

FOR THE FISCAL YEARS ENDED MARCH 31, 2018
(with comparative figures for the fiscal year ended March 31, 2017)

Note 2018

Cash flows from operating activities

Profit before income tax
Adjustments for:
Depreciation and amortization 8,16
Finance cost 11,19
Provision for impairment losses on trade and other receivables 6,16
Unrealized foreign exchange losses (gains), net 17
PAS 17 adjustment on rent expense 18
Provision for impairment loss on security deposit 7,16,18
Gain from reversal of prior year’s excess accruals and referral fees 17
Interest income 5,6
Gain from reversal of allowance for impairment on trade and other receivable 6,17
Operating profit before changes in operating assets and liabilities
Changes in operating assets and liabilities
Increase in:
Trade and other receivables
Prepayments and other current assets
Security deposits
Increase (Decrease) in:
Accounts payable and other liabilities
Due to related parties, net
Cash generated from (used in) operations
Interest received 5
Income tax paid 20
Net cash used in operating activities

Cash flows from investing activity

Purchase of short-term cash investment 5,21
Acquisition of property and equipment 8
Cash used in investing activities

Cash flows from financing activities

Proceeds from bank loan 11
Proceeds from loans from related parties 11,19
Deposit for future stock subscription 13
Payment of bank loans 11
Payment of loans from related parties 11,19
Finance cost paid 19
Net cash provided by financing activities

Effect of foreign exchange rate changes on cash in bank 5

Net increase (decrease) in cash

Cash 5
Beginning of year
End of year

(The notes on pages 1 to 48 are an integral part of these financial statements.)

 of CTPL)

LOWS
ARCH 31, 2018
r ended March 31, 2017)

2018 2017

0 P80,653,714

16,176,514 11,032,003
8,592,344 3,271,444
6,896,078 324,127
5,144,580 2,423,970
624,985 152,249
- 752,275
-450,642 -86,097
-1,776,354 -117,965
- -312,902
35,207,505 98,092,818

310,459,788 -109,484,513
31,833,555 -12,713,791
3,175,939 -2,268,000

-48,430,200 8,689,438
-3,253,436 -60,099,111
328,993,151 -77,783,159
88,302 117,965
-16,372,624 -38,667,641
312,708,829 -116,332,835

- -200,000
-45,058,901 -7,631,078
-45,058,901 -7,831,078

150,960,000 100,015,000
119,243,935 77,054,558
10,204,000 -
 -96,725,000 -
-87,016,446 -63,501,968
-3,589,342 -2,708,743
93,077,147 110,858,847

-574,365 404,030
360,152,710 -12,901,036

51,557,563 64,458,599
411,710,273 51,557,563

f these financial statements.)

 Gain from reversal
PAS 17 of prior year's
Unrealized foreign Provision - trade and adjustment on excess accruals
2018 2017 Change Dep'n and amort Finance cost exchange losses, net other receivables rent expense and referral fees

CURRENT ASSETS
Cash and cash equivalents 0 51,557,563 51,557,563 (574,365)
Short-term cash investment 0 200,000 -
Trade and other receivables, net 0 311,483,783 311,483,783 787,068 (6,896,078)
Prepayments and other current assets, net 0 31,833,555 31,833,555
Total current assets 503,776,445 395,074,901

NON-CURRENT ASSETS
Property and equipment, net 0 11,701,380 11,701,380 (16,176,514)
Security deposits 0 3,175,939 3,175,939
Deferred tax assets 0 2,869,914 2,869,914
Total non-current assets 49,886,262 17,747,233
Total assets 553,662,707 412,822,134

CURRENT LIABILITIES
Accounts payable and other liabilities 0 43,261,556 (43,261,556) (5,003,002) 8,701 (624,985) 450,642
Due to related parties, net 0 3,253,436 (3,253,436)
Loans payable 0 178,198,631 (178,198,631) (5,365,984)
Total current liabilities 338,166,281 224,713,623

CAPITAL DEFICIENCY
Share capital 0 71,988,577 -
Deposits for future stock subscription 0 - -
Retained earnings 0 116,119,934 (116,119,934)
Total equity 215,496,426 188,108,511
Total liabilities and equity 553,662,707 412,822,134
- -

Depreciation and amortization 16,176,514

Finance cost 8,592,344
Unrealized foreign exchange losses, net 5,144,580
Provision for impairment losses on trade and other receivables 6,896,078
PAS 17 adjustment on rent expense 624,985
Gain from reversal of prior year's excess accruals and referral fees (450,642)
Interest income
Interest received - cash
Income taxes paid
Acquisition of property and equipment
Proceeds from bank loan
Proceeds from loans from related parties
Finance cost paid (3,589,342)
Payment of bank loan
Payment of loans from related parties
Proceeds from subscription of shares of stock
71,788,577 - - - - - -

AIP, beg 1,017,240

Finance cost 8,592,344
Unrealized FX gain - 8,701
AIP, end (6,011,541)
Finance cost paid 3,589,342
 Acquisition of Proceeds from Payment of loans Proceeds from
Income taxes property and Proceeds from loans from Payment of bank from related subscription of Increase /
Interest income paid equipment bank loan related parties loan parties shares of stock Decrease

-
1,688,052 3,396,963 310,459,788
31,833,555
-

45,058,901 40,583,767
3,175,939
3,764,806 6,634,720

(48,430,200)
(3,253,436)
(150,960,000) (119,243,935) 96,725,000 87,016,446 (270,027,104)

-
(10,204,000) (10,204,000)
9,210,855 (106,909,079)

16,176,514
8,592,344
5,144,580
6,896,078
624,985
(450,642)
(1,776,354) (1,776,354)
88,302 88,302
(16,372,624) (16,372,624)
(45,058,901) (45,058,901)
150,960,000 150,960,000
119,243,935 119,243,935
(3,589,342)
(96,725,000) (96,725,000)
(87,016,446) (87,016,446)
10,204,000 10,204,000
- - - - - - - - (574,365) FX gain
51,557,563 Cash, beginning
71,788,577 Cash, ending
58,225,585 Per TB

13,562,992.00 Difference