ANNUAL REPORT

1. Name of Company SANTIAGO NAVIGATION INC.

: ________________________________________________________

2. Business Address TAYUD, CONSOLACION, CEBU

: ________________________________________________________

3. Other Business : ________________________________________________________

4. OFFICERS

Date Annual Salary

Official Title Name
Started This Year Last Year Date Adjusted

President PERFECTO T. TAN 1997

Vice-President HAROLD D. TAN 1997

Secretary LLOYD ERIC D. TAN 1997

Treasurer LYTECIA D. TAN 1997

Legal Counsel/s LAO CENIZA & CANE 1997

General Manager/s

In case there are receivers, trustees or committees in control of the property and operation of the
company during the year covered, the following table must be filled up:

Name of
Official Title Receiver/Trustees/Committees Location of Offices Date of Appointment

5. DIRECTORS
Official Title Address Length of Service Expiry

PERFECTO T. TAN CEBU CITY

(1-A)
HAROLD D. TAN CEBU CITY

LLOYD ERIC D. TAN CEBU CITY

LYTECIA D. TAN CEBU CITY

CHRISTINE T. GO CEBU CITY

6. Officer/s in-charge of the preparation of Annual Report

Official Title Title/Position Address Telephone number

LYTECIA D. TAN TREASURER CEBU CITY

7. VESSELS WITH VALID PA/CPC/SP OPERATED DURING THE YEAR:

2
Total No. of Vessels:______________ 1,704.00
Total GRT:________________

Category
(Owned/Bareboat) Gross Tonnage Deadweight Type of Operation
Vessel Name
Chartered/Lease- (GT) (DWT) (Liner/Tramper)
Purchased)

LCT
OWNED 799.00 3,000 MANNING
“OCEAN CARRIER”

LCT
OWNED 905.00 3,000 MANNING
“CHALLENGER”

(2-A)
 (The company may use separate sheet if the vessels operated are more than ten)

8. MANPOWER – Fill in the different manpower categories listed below:

Monthly average number of administrative and support personnel whose wages are:

Above minimum but below

Minimum Wage Above 1500
1,500

Reserved vessel manpower for the period:

Licensed Officer Regular Crew Apprentice

Deck

5 7 9
Engine

5 7 8

9. OPERATIONS OF DATA OF VESSELS OPERATED DURING THE PERIOD

LCT “CHALLENGER”
Vessel Name:_______________________ 905.00
GRT:_________ 3,000
DWT:________

Utilization Rate:

Commissionable days

Non-Commissionable
days

● Dry-docked

● Afloat Repairs

(3-A)
 Number of days laid-up

Total No. of days 365 DAYS

Mileage Performance

Nautical Miles run for N/A

the period

Number of voyages for N/A

the period

Vessel Manpower – Average monthly manpower of the vessel

Licensed Officer Regular Crew Apprentice

Deck 3 3 4
Engin 3 3 4
e

Note: This page must be accomplished per vessel

(4-A)
(5-A)
(6-A)
(7-A)
(8-A)
(9-A)
 DEPRECIATION FUND ACCOUNT

Balance in Fund Withdrawals

at Beginning of Additions to From Fund Balance in Funds
Purpose of Fund Year Fund During Year at Close of Year

(10-A)
(11-A)
 MARKETABLE SECURITIES

Give particulars of short-term investments in stocks and bonds by the utility at the close of the year

Amount

Description Cost Market Value

P P

Total P

SPARE PARTS, MATERIALS AND SUPPLIES

Show the value of all items of spare parts, materials and supplies at close of year, properly classified and
aggregated into stationary, spare parts, lubricants, etc.

Item Amount

(12-A)
 P

Total P

SCHEDULE FOR PREPAYMENTS

Item Balance at Charges During Credits During Year Balance At End

Beginning of Year Year of Year

(13-A)
Rents

Insurance

Taxes

Other Payments

Total

(14-A)
 SCHEDULE OF PROPERTY & EQUIPMENT

HISTORICAL COST APPRAISAL INCREMENT

ASSUMED
LATEST
DATE START OF ACQUISITION CAPITALIZED ESTIMATED SCRAP/ ACCUMULATED NET BOOK APPRAISAL ACCUMULATED NET APPRAISAL
PROPERTY/ ACQUIRED OPERATION COST EXPENSES SERVICE LIFE SALVAGE DEPRECIATION VALUE
YEARS OF
INCREMENT DEPRECIATION INCREMENT
APPRAISAL
EQUIPMENT VALUE

Land

Buildings

Terminal Equipment

Container Vans

Construction in
progress

Other property and

equipment

Transportation
Equipment

Communication
Equipment

Other Furniture
Fixture

Others

(15-A)
 SCHEDULE OF PROPERTY & EQUIPMENT

HISTORICAL COST APPRAISAL INCREMENT

ASSUMED ACCUMULAT
LATEST NET
DATE START OF ACQUISITIO CAPITALIZED ESTIMATED SCRAP/ ED NET BOOK APPRAISAL ACCUMULATED
YEARS OF APPRAISAL
PROPERTY/ ACQUIRED OPERATION N COST EXPENSES SERVICE LIFE SALVAGE DEPRECIATI VALUE INCREMENT DEPRECIATION
APPRAISAL INCREMENT
EQUIPMENT VALUE ON

1998 1998 50,000 45,729,262 30 175,000 29,071,459 16,707,803 50,000,000 38,333,333 11,666,667
LCT
Challenger
1997 1997 500,000 58,139,206 30 280,000 37,629,951 21,009,255 32,000,000 25,600,000 6,400,000

LCT Ocean 2006 2006 100,000 7,299,101 30 50,000 2,452,914 4,946,187 100,006 100,006
Carrier

200,011
M/T
IGNACIO

(16-A)
 SCHEDULE OF CARGO HANDLING EQUIPMENT

Day Used in Container Days Used for Cargo

Yard Handling Pier Total No.
No. Of Equipment Net Book Annual Rental
PARTICULARS Acquisition Cost Depreciation Cost of Days
Units Control of ID No. Value Expense
No. of No. of Used
% to Total % to Total
Days Days

I. Owned

II. Rented

(17-A)
 TOTAL

1 List the particular type of cargo handling equipment as follows:

Reach Stackers
Top Lifts
Forklifts
Jack Lifts
Movable Cranes
Dock Cranes
Quay Cranes
Tractor Heads
Chassis
Pallet Boards
Nets
Tarps
Other Equipment

(18-A)
 DETAILS OF ACCUMULATED DEPRECIATION ACCOUNT
Property & Equipment in Service

AMOUNT AMOUNT

Based on Acquisition Based on Appraised Based on Acquisition Based on Appraised

DEBITS Cost Value CREDITS Cost Value

By credit to property P P By balance of P P

accounts account beginning of
year

By expense of
removing property By transfer from
revenue

By OTHER DEBITS
By OTHER CREDITS

Total Debits P P Total Credits P P

(19-A)
 INVESTMENTS
Give particulars of investments in stocks and bonds held by the utility at the close of the year

Description of Investment Amount

(20-A)
 OTHER INVESTMENTS
Give particulars of investments other than stocks and bonds held by the utility at the close of the year.

Description of Investment Amount

(21-A)
 CHANGES IN PERMANENT ASSETS

Property
Balance at Additions During Adjustments Balance at
ASSETS Retired During
Beginning of Year Year During Year Close of Year
Year

Property and Equipment in Service

Land

Buildings

Revenue Transport Equipment

Services and Shop Equipment

Furniture, Fixture & Other Office

Equipment

Total Property and Equipment In Service

Property and Equipment Not In Service

(Specify the Assets)

(22-A)
Total Property and Equipment Not In Service

TOTAL

(23-A)
 SCHEDULE OF LOANS AND NOTES PAYABLE
As of __________

Name of Creditor Date of Maturity Amount

Total P

OTHER ACCRUED LIABILITIES

(24-A)
Item Amount

Total P

(25-A)
 DEFERRED CHARGES

Item Balance at Beginning of Year Charges During Year Credits During Year Balance At End of Year

(26-A)
 RETAINED EARNING ACCOUNT

Items Debits Credits Remarks

CREDITS

Unappropriated Retained Earnings

(at the beginning of the period)

Net Income during the period

Other Credits to Retained Earnings (Specify)

Total

DEBITS

Net Losses during the period

Dividend

Appropriation of Retained Earnings (specify)

(27-A)
Other debits to Retained Earnings

Total

(28-A)
 Items Debits Credits Remarks

CREDITS

Unappropriated surplus
(at the beginning of the
period)

Income Balance*

Credit for property and

equipment sold

Miscellaneous credits TO
SURPLUS

Total P P

DEBITS

Debits for property and

equipment sold

Miscellaneous debits to
surplus

Contractual debits to
surplus

(29-A)
 Miscellaneous reservation
of surplus

Dividend appropriations of
surplus

Unappropriated surplus
(at end of period)

Total P P

SURPLUS ACCOUNT
Give hereunder a summary of debits and credits to the utility and Surplus Account for the year

If a deficit, the balance shall be shown red

If a loss, the balance shall be shown red

(30-A)
 Original Value of Amount Amount Written
Description of Balance Balance at the
Date of Loss Property Previously off During the
Property Loss Beginning of Year Close of Year
Abandoned Written Off Year

LOSS THEFT, ROBBERY, FIRE, ETC.

(31-A)
(32-A)
 CARGO AND PASSENGER TRAFFIC REPORT
for all type of vessels

(1) (2) (3) (4) (5) (6) (7) (8) (9)

VOYAGE DATE ROUTE PORT CARGO CARRIED FREIGHT PASSENGER PASSENGER

STARTED LEG CARRIED
NO. REVENUE
&
CU.M M.T.
END OF
VOYAGE

Leg 1 1 class

LCT “OCEAN CARRIER” 2 class

3 class

Leg 2 1

REPAIR
JANUARY
REPAIR
FEBRUARY TIME CHAPTER CHARTERED
MARCH TIME CHAPTER CHARTERED
APRIL TIME CHAPTER CHARTERED
MAY TIME CHAPTER CHARTERED
JUNE TIME CHAPTER CHARTERED
JULY TIME CHAPTER CHARTERED
TIME CHAPTER CHARTERED
AUGUST
TIME CHAPTER CHARTERED
SEPTEMBER
REPAIR CHARTERED
OCTOBER
REPAIR
NOVEMBER
DECEMBER

How to accomplish:

On a per vessels basis, the above column numbers shall refer to:

(1) Trip number

(2) Duration of one round trip
(3) Authorized route
(4) Link covered by route

(33-A)
 (5) Cargo carried in terms of cum cargoes carried in terms of weigh (m.t.) shall be like reflected in
terms of cu.m in this column, Put in another way, the same cargo in coluimn 6 shall be reflected in
column 5 expressed in cu.m
(6) Cargo carried in terms of m.t., cargoes carried in terms of volume (cu.m) shall be likewise reflected in
terms of m.t. in this column. Out in another way, the same cargo in column 5 shall be reflected in
column 6 expressed in m.t.
(7) Revenue per link
(8) Passenger by class i.e., number of class accommodation.
(9) Passage revenue corresponding to reflected number by class accommodation in column 8.

CONTAINER TRAFFIC REPORT

(1) (2) (3) (4) (5) (6) (7) (8)

VOYAGE DATE STARTED ROUTE PORT NUMBER OF VOLUME WEIGHT FREIGHT

LEG CONTAINERS CU.M
NO. & M.T. REVENUE

END OF VOYAGE

EMPTY

LOADED

LCL

FCL

TOTAL

How to Accomplish:

On a per vessels basis, the above column numbers shall refer to:

(1) Trip Number

(2) Duration of one round trip
(3) Authorized route
(4) Link covered by route
(5) Number of containers segregated into empties and loaded. For loaded containers, LCL or less
container load shall be dealt with separately from FCL or full container load. Total shall refer to
total empties plus loaded, while shall be the sum of LCL & FCL. to illustrated, 5(e)
=5(a) + 5(b); 5(c) = 5(c) + 5(d), the same reference shall hold true for columns 6, 7. and 8.
(6) Volume of containers carried in terms of cu.m. (all container including those carried in terms of m.t. expressedin
cu.m.)

(34-A)
(7) Weight of container carried in terms of m.t. (all containers including those carried in terms of cu.m. expressed in
m.t.)
(8) Freight charged for containers as grouped.

(35-A)
 FERRY/RORO TRAFFIC REPORT

(1) (2) (3) (4) (5) (6) (7) (8)

VOYAGE DATE STARTED ROUTE PORT ROLLING VOLUME WEIGHT FREIGHT

LEG CARGOES CU.M
NO. & M.T. REVENUE

END OF VOYAGE

*See attached List for Possible Types of Rolling Cargoes

How to Accomplish:

On a per vessels basis, the above column numbers shall refer to:

(1) Trip Number

(2) Duration of one round trip
(3) Authorized route
(4) Link covered by route
(5) Number of rolling cargoes by type (as attached)
(6) Number of rolling cargoes in terms of cu.m.; those carried in terms of weight shall be converted from
m.t. to cu.m. and reflected in this column
(7) Weight of rolling cargoes carried in terms of m.t. those carried in terms of volume shall be converted from cu.m.
to m.t. and reflected in this column
(8) Freight revenues corresponding to reflected number by type in column 5.

(36-A)
VEHICLES

Buses:
Big Busses
Mini Busses
Hi-aces, Toyota Coaster

Jeep/Jeepneys:
Mini Cruiser
Jeep (Owner Type)
Jeepneys (PUJs/pax, cap, 8)
Isuzu KB, Nissan Patrol, Dodge Land Rover

Vans:
Mini Vans (Ford Fiera/Toyota Tamaraw)
Light Vans (4 wheelers exceeding 1500kg. payload), w/o load
Light Vans (4 wheelers exceeding 1500kg. payload), w/ load
Big Vans (6 wheelers) w/o load
Big Vans (6 wheelers) w/ load
20 ft. Container Van (w/o load) excl. charge on chassis

Cars and other Private Vehicles

Minica/Volkswagen/Bantam Cars
Heavy Cars-M Benz, Ford Cortina/Falcon,
Dodge, Toyota, Corolla/Crown and the like
Toyota Coaster & similar size vehicles

Pick-Ups
Toyota Hi-Lux, Datsun, Isuzu, Ford
other crew cab and similar type vehicles

Trucks
6-wheelers w/ load Payloaders, Backhoe
6-wheelers w/o load Roadrollers (pison-small)
10-wheeler (short chas.) w/ load Roadrollers (pison-big)
10-wheeler (short chas.) w/o load Crane w/ boom
10-wheeler (long chas.) w/ load Crane w/o boom
10-wheeler (long chas.) w/o load Grader
Dump Trucks (6-wheelers) w/ load Heavy Equipment on Piggyback
Dump Trucks (6-wheelers) w/o load (or trailer) less 30 equipment rate
Dump Trucks (10-wheeler) w/ load
Dump Trucks (10-wheeler) w/o load
Truck trailers w/ load
Other Vehicles
Truck trailers w/o load
Motorcycle
Primemovers (w/o trailer)
Motorcycle w/ side car or tricycle
Heavy Equipment Bicycle
Forklift (up to 5 tonner) Bicycle w/ side car or Pedicab
Forklift (more than 5 tonner)
Bulldozers (smaller ones)
Bulldozers (bigger ones)

(37-A)
 GENERAL REMARKS

State hereunder any strike, accident or injury to any person or damage to any property, to the causes and results
thereof, or any other occurrence of materials importance during the period covered by this report.

SUPERVISION AND REGULATION FEES

1. Has the utility paid the tonnage fees to the MARINA corresponding to the year
which this report is filed? _____________
(Yes or No)

Amount Paid P ______________

Number and date of official receipt____________

2. If the utility had any unpaid tonnage fees, state the amount and year below:

Year Amount

______________ P _______________
______________ P _______________
______________ P _______________
______________ P _______________

(38-A)