1 Taxes and Licenses

ANNUAL RENEWAL OF VEHICLE REGISTRATION 92,134.86 DIRECT LABOR

BUILDING PERMIT 14,100.00 DIRECT LABOR EFREN JOY DAMASCO CA
DIRECT LABOR SUPERVISION
DOLE 6,330.00 UNLOADING MATERIALS
HEAVY EQUIPMENT INSPECTION 28,320.00 LABOR ABONO
PERMIT AND LICENSES 151,796.97 LAST PAY MANDIONOG
SMOKE TEST 500.00

TOTAL 293,181.83 TOTAL

1 PROFESSIONAL FEE DIRECT MATERIALS

AFS INTEREM AS OF SEPT. 30, 2021 5,000.00
NOTARIAL FEE 8,200.00 Admin Expenses
PROFESSIONAL FEE 130,283.17 Bidding Documents and Preparation
NIA PROCESSING 3,000.00 Communication, Power, light and water
TOTAL 146,483.17 Depreciation
Donations
3 SUPPLIES Fuel, Oil and Lubricants
FERTILIZER 17,040.00 Insurance
PALA 2 PCS 590.00 Meals
PROJECT BILLBOARD 3,000.00 Miscellaneous
PURCHASE INVOICES FOR SLSP 34,351.66 Office Expense
WATER METER 237.50 Office Supplies
BATTERY FOR PAERSONAL USE 5,800.00 Other Employee Benefits
SAFETY BREAKER-ELECTRIC CONNECTION 550.00 Professional Fee
Rental Expense
TOTAL 61,569.16 Repairs and maintenance
Representation & entertainment
4 OFFICE SUPPLIES Salaries (Office Personnel)
OFFICE SUPPLIES 706,721.91 Seminars and Trainings
AS BUILT 156,209.00 SSS/EC/PHILHEALTH/HDMF
 AS BUILT PRINTING 20,100.00 Supplies
AS STAKE 20,000.00 Taxes and licenses
AS STAKE PLAN 88,325.00 Travel and transportation
TARPAULIN 12,924.00
PURCHASE OF DR 168,750.00 CONTRACTORS TAX
TOTAL 1,173,029.91

5 OFFICE EXPENSE
BLUE PRINTING OF PLAN 5,600.00

6 BIDDING DOCUMENTS AND PREPARATION

BIDDING DOCUMENTS 283,086.00
BIDDING DOCUMENTS/COMPLYING 15,000.00
BIDDING PREPARATION 113,850.00
BILLING 196,835.62
BILLING PREPARATION 61,686.00
TOTAL 670,457.62

7 MISCELLANEOUS
BIR
BIR 0605/PENALTY
0605/PENALTY FOR LATE SUBMISSION OF 11,000.00
PENALTY 8,000.00
BIR 06005/SLSP PENALTY 2ND QUARTER 2,000.00
BIR FORM NO. 1601 C LATE PAYMENT 1,000.00
CATCH UP PLAN 3,500.00
CATCH UP PLAN DUE TO VO 3,500.00
SSS PENALTY 706.00
MISCELLANEOUS 543,604.00
RAINFALL DATA 1,090.00
PAGASA RAINFALL DATA 1,090.00
PAGASA RAINFALL DATA 2,000.00
 PER DIEM 3,500.00
REVISED PDM 10,500.00
REVISED PLAN A2 MYLAR 20,100.00
ROYALTY OF 63 LOADS 44,100.00
PERT CPM 55,040.00
PAMUHAT
TOTAL 710,730.00

8 REPAIRS AND MAINTENANCE

REPAIRS AND MAINTENANCE 3,465,348.64
CQCA 95,830.83
CQCA-MATERIAL TESTING 24,750.00
MATERIAL TESTING 227,594.00
POWERMIX CEMENTTIOUS WATER PROOFING 4,596.00
TOTAL 3,818,119.47

9 REPRESENTATION & ENTERTAINMENT

PRESENTATION
PRESENTATION AND
AND ENTERTAINMENT
ENTERTAINMENT- 1,463,236.38
PAMASKONG HANDOG 410,652.80

TOTAL 1,873,889.18

10 FUEL, OIL, LUBRICANTS

FUEL, OIL, LUBRICANTS 7,813,643.18
FUEL, OIL, LUBRICANTS-ADMIN 292,471.09

TOTAL 8,106,114.27

11 RENTAL EXPENSE
EQUIPMENT RENTAL 8,646,533.90
EQUIPMENT RENTAL-DAMASCO 67,000.00
 HOUSE RENTAL 70,000.00
HAULING TRUCK RENTAL 542,577.69

TOTAL 9,326,111.59

12 COMMUNICATION, POWER, LIGHT, WATER

COMMUNICATION, POWER, LIGHT, WATER 554,197.24

TOTAL 554,197.24

13 OTHER EMPLOYEE BENEFITS

MATERNITY BENEFIT 28,000.35
STATUTORY BENEFITS 2021 664,132.89
STATUTORY BENEFITS 2021 73,137.84
STATUTORY BENEFITS 2021 DECEMBER 64,140.64
STATUTORY BENEFITS 2021 NOVEMBER 66,860.64
WORKERS INCENTIVES 631,700.00
13TH MONTH PAY 358,590.93
TOTAL 1,886,563.29

14 SALARIES (OFFICE PERSONNEL)

SALARIES FOR ADMIN PERSONNEL DAILY PAID 3,506,518.72
SALARIES FOR ADMIN PERSONNEL MONTHLY PAID 2,944,315.27

TOTAL 6,450,833.99

15 TRAVEL AND TRANSPORTATION

TRAVEL AND TRANSPORTATION 896,659.99
TOLL FEE 11,360.00
TOTAL 908,019.99
16 MEALS
MEALS 405,249.64
POST QUALIFICATION-MEALS 1,400.00
PAMUHAT 138,821.00
TOTAL 545,470.64

17 DONATIONS
DONATION 1,750.00
SOLICITATION 17,625.00
TOTAL 19,375.00

18 INSURANCE
INSURANCE 953,588.75
21,043,522.08
20,000.00
1,800.00
1,070.00
1,500.00
7,726.83

21,075,618.91

60,028,369.08

61,581.71 /
670,457.62 /
554,197.24 /
/
19,375.00 /
8,106,114.27 /
953,588.75 /
545,470.64
710,730.00 /
5,600.00 67,181.71
1,173,029.91 1,234,599.07
1,886,563.29
146,483.17 /
9,326,111.59 /
3,818,119.47 /
1,873,889.18 /
6,450,833.99 /
 61,569.16 /
293,181.83 /
908,019.99 /

231,585.30
 ROMER G. GAJETE
Zi 9 Builders and Supplies
Casisang, Malaybalay City, Bukidnon

STATEMENT OF FINANCIAL CONDITION

As of December 2021 NOTES 2021 2022

ASSET
CURRENT ASSET
Cash and cash equivalents P 33,283,661.48 P 30,627,758.78
Accounts Receivable 0.00
Prepaid Income Tax Credit 7,883,018.24
Inventory, end 4,698,180.42 508,393.89
Total Current Asset P 37,981,841.90 P 39,019,170.91
NON-CURRENT ASSET
Property and Equipment
Land and Improvements P 246,008.00 P 246,008.00
Buildings and Improvements 221,488.22 221,488.22
Transportation Equipment(net) 3,106,000.00 3,106,000.00
Heavy Equipments (net) 87,051,754.00 87,051,754.00
Construction Tools (net) 1,989,364.00 1,989,364.00
Total Property, Plant and Equipment 92,614,614.22 92,614,614.22
Less : Accumulated depreciation 13,770,167.08 18,234,370.15
Property plant and equipment (net) 78,844,447.14 74,380,244.07
Other Asset 0.00
Total Non-Current Asset P 78,844,447.14 P 74,380,244.07
TOTAL ASSETS P 116,826,289.04 P 113,399,414.98

LIABILITIES AND OWNER'S EQUITY

LIABILITIES
CURRENT LIABILITIES
Income Tax Payable P 12,142,626.43 P 7,883,018.24
Loans Payable-DBP 17,390,000.00 11,420,000.00
AP-EQUIPMENTS 0.00
Total P 29,532,626.43 P 19,303,018.24
NON-CURRENT LIABILITIES
Loans Payable P 12,573,175.91 P 8,046,451.16
Total 12,573,175.91 8,046,451.16
TOTAL LIABILITIES P 42,105,802.34 P 27,349,469.40
OWNER'S EQUITY
R. Gajete, Jan 1, (beg) P 50,624,451.36 P 74,720,486.71
Add: Additional Capital 0.00
Prior Period Adjustments 0.00
Net Income 24,096,035.35 17,754,176.74
Total P 74,720,486.71 P 92,474,663.45
Less: Personal Drawings 6,424,717.87
R. Gajete, Dec 31, (end) 74,720,486.71 86,049,945.58
TOTAL LIABILITIES AND OWNER'S EQUITY P 116,826,289.05 P 113,399,414.98
(See accompanying Notes to Financial Statements)
(0.00) 0.00
 ROMER G. GAJETE
Zi 9 Builders and Supplies
Casisang, Malaybalay City, Bukidnon

STATEMENT OF EXPENSE AND INCOME

(IN-HOUSE)

For the Period Ended December 31 2021 2022

REVENUE:
Construction Income P 156,067,322.38 P 166,854,618.60
Non-Construction Income 0.00
Other Income 0.00
Total Revenue P 156,067,322.38 P 166,854,618.60
COST OF CONSTRUCTION OPERATION
Inventory, Jan 1 P 757,081.84 P 4,698,180.42
Direct Labor Cost 21,075,618.91 35,582,400.00
Direct Material Cost 60,028,369.08 71,456,000.00
Less: Inventory, Dec 31 4,698,180.42 508,393.89
Total P 77,162,889.41 P 112,244,974.31
COST OF NON-CONSTRUCTION OPERATION
Cost of Non-Construction Operation 0.00
Total Cost of Construction Operation 0.00
GROSS REVENUE P 78,904,432.97 P 54,609,644.29
Less: General and Administrative Expenses
Office Supplies 1,234,599.07 1,134,500.00
Seminars and Trainings -
Fuel, Oil and Lubricants 8,106,114.27 8,089,700.00
Insurance 953,588.75 1,110,675.98
Representation & entertainment 1,873,889.18 767,900.00
Repairs and maintenance 3,818,119.47 2,560,000.00
Travel and transportation 908,019.99 120,900.00
Professional Fee 146,483.17 30,000.00
Salaries (Office Personnel) 6,450,833.99 4,442,524.75
SSS/EC/PHILHEALTH/HDMF 504,690.39
Taxes and licenses 293,181.83 254,600.00
Communication, Power, light and water 554,197.24 389,040.00
Depreciation 4,464,203.07 4,464,203.07
Miscellaneous 710,730.00 100,750.00
Office Expense 67,181.71 67,181.00
Bidding Documents and Preparation 670,457.62 680,900.00
Donations 19,375.00 21,500.00
Rental Expense 9,326,111.59 3,750,000.00
Other employee benefits 1,886,563.29 1,886,563.29
Total P 41,483,649.24 P 30,375,628.48
Less: Contractor's Tax
Contractor's Tax 231,585.30 229,200.00
Interest and financing charges 950,536.66 367,620.83
Sub-total 1,182,121.96 596,820.83
Income before Income Tax P 36,238,661.78 P 23,637,194.98
Income Tax 12,142,626.43 7,883,018.24
NET INCOME AFTER TAX P 24,096,035.35 P 15,754,176.74
 ROMER G. GAJETE
Zi 9 Builders and Supplies
Casisang, Malaybalay City, Bukidnon

STATEMENT OF CASH FLOW

December 31, 2021

CASH FLOWS FROM OPERATING ACTIVITIES

Net Surplus (Loss) P 24,096,035.35
Adjustments to reconcile net surplus to net cash provided
by operating activities
Depreciation
(Increase)/Decrease in Inventory
(Increase)/Decrease Accounts Receivable
(Increase)/Decrease prepaid Tax Credit
Increase/(Decrease) Current Liabilities
Increase/(Decrease) in Loans Payable
Net cash provided by (used in) operating activities

CASH FLOW FROM INVESTING ACTIVITIES

Drawings
Purchase of Property, Plant and Equipment
ADDITIONAL INVESTMENT
Net cash provided by (used in) investing activities

CASH FLOW FROM FINANCING ACTIVITIES

Loan proceeds

Net cash provided by (used in) financing activities

NET INCREASE (DECREASE) IN CASH P

ADD: CASH AND CASH EQUIVALENTS, Jan 1

CASH AND CASH EQUIVALENTS, December 31 P

 ROMER G. GAJETE
Zi 9 Builders and Supplies
Casisang, Malaybalay City, Bukidnon

COMPARATIVE STATEMENT OF CHANGES IN CAPITAL

As of December 2021 2021 2020

Capital, Jan 1 (beg) P 50,624,451.36 P 42,256,516.82

Add/(Less) : Prior Period Adjustments -
Net Income 8,649,281.23
Total 50,905,798.05
Less: Drawings 281,346.69
Capital, Jan 1 (end) P P 50,624,451.36
 ROMER G. GAJETE
Zi9 BUILDERS AND SUPPLIES

NOTES TO FINANCIAL STATEMENTS

As of December 31, 2022
(In-House)
I. GENERAL INFORMATION
ENGR. ROMER G. GAJETE is engaged in building of construction or parts and civil engineering services
business. It's principal place of business is located in Lot 32, Block 8, Bukidnon Homes, Purok 3, Casisang,
Bukidnon.

II. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying financial statement with notes and supporting schedules were prepared in substantial
conformity with the Philippine Financial Reporting Standards (PFRS) and adherence to the following applicable
standards consistently applied throughout the year, unless otherwise stated.

BASIS OF PRESENTATION

IFRS 1 Presentation of the Financial Statement

The standards prescribed the basis in the preparation of the financial reports. The financial statements
substantially comply with the qualitative requirements of the standards which dictate that financial report must be
reliable as to form and content to be truly reflective of the financial condition and result of operation of the
organization.

(a) Statement of Compliance with Philippine Reporting Standard

The financial statements of the organization have been prepared in accordance with Philippine Financial
Standards (PFRS). PFRSs are adopted by the Financial Reporting Standards Council formerly the Accounting
Standard Council from the pronouncements issued by the International Accounting Standards Board (IASB).
PFRSs consists of:
(i) PFRSs - corresponding to International Financial Reporting Standards;
(ii) Philippine Accounting Standards (PASs) - corresponding to International Accounting Standards; and
(iii) Interpretation to existing standards - representing interpretations issued by the International Financing
Reporting Interpretation Committee (IFRIC), formerly the Standing Interpretation Committee, of the IASB which
are adopted by the FRSC.

These financial statements have been prepared on the historical cost basis, except for the revaluation of certain
financial assets, property, plant and equipment and investment property. The measurement bases are more fully
described in the accounting policies that follow.

(b) Transition to PFRS in 2006

The transition from the previous generally accepted accounting principles in the Philippines to PFRS was made in
accordance with PFRS I, First time adoption of Philippine Financial Reporting Standard.

(c) Functional and Presentation Currency

These financial statements are presented in Philippine Peso, the organization's functional currency, and all
values represents absolute amounts except when otherwise, indicated.

To keep the management and other users of the financial reports and financial date understandable, the year
end report includes the following:

1. Independent Accountant's Audit Report

2. Statement of Management Responsibility
3. Statement of Financial Condition (Balance Sheet)
4. Statement of Operation (Income Statement)
5. Statement of Cash Flow
6. Notes to Financial Statement

The financial statement for the fiscal year ending December 31, 2014 were presented by item with details
disclosure in the Notes to Financial Statement.
Following initial recognition of cost, land and buildings and improvements are carried at revalued amounts are
carried
Cash and at revalued amounts are
Cash equivalents are defined
carried at
asrevalued amounts
cash on hand, whichdeposit
demand are theand
fair short
values at the
term, dateliquid
highly of the
Cashrevaluations,
and Cash Equivalents
investments as determined
readily by to
convertible independent
known amounts appraisers , less
of cash whichanyare
subsequent accumulatedrisk
subject to insignificant depraciation
of changes(on in
buildings
value. and improvements) and accumulated impairment losses . Fair value is determined by reference to
market - based evidence, which is the amount for/which the asset could be exchanged between a knowledgable
willing buyer and a knowledgable willing seller in arm's length transaction as at the valuation date. Any
Property
The and
cost Equipment
revaluationof surplus
an assetiscomprises
credited toits
the Revaluation
purchases Reserves
price account
and directly included
attributable in the
cost equity section
of bringing of the
the asset balance
to working
sheet.
PropertyAny
condition forrevaluation
and its intended
equipment deficts directly
use.staed
are offsetting
Expenditures
at cost a previousmajor
for acumulated
less additions, surplus in theand
improvements
depreciation same asset
and is directly
significant
impairment offset against
value.renewals and
Revauation
betterments Reserves. Annuall,
are capitalized; the an amounts
cost from the Revaluation
of maintenance and repairs isreserves
chargedistotransferred
income astoincurred.
Retained earning
When the for
the depreciation
assets relating
are sold, reired orto the revaluation
otherwised surplus.
disposed Additionally,
of, the accumulated
cost and related depreciations
accumulated as at and
depreciation revaluation date
impairment
is eleminated
losses againstfrom
are removed the the
gross carryingand
accounts amount o the asset
any resulting gainand
or thenet
loss is income
chargedistorestated
operation to the revalued
for the period.
amount of the asset . Upon disposal, any revaluations reserve relating to the particular asset being sold is
transferred to retained earnings. Revaluation are performed every three years ensuring that the carrying amount
does not differ materially from that which would be determined using fair value at the balance sheet date.
 Building

Office furniture

Depreciation is computed on the straight-line basis over the estimated useful lives of the assets as follows:
20 years
10-15 years
Sevice Vehicles 5-10 years

Property and equipment held under finance lease agreements are depreciated over the expected useful lives
(determined by reference to comparable owned assets) or over the term of lease, if shorter.

An asset carrying amount is written down immediatley to its recoverable amount.

The residual values and estimated usefule lives of property and equipment are reviewed and adjusted, if
An item of property
appropriate, at eachand equipment
balance sheet is derecognized upon disposal or when no future economic benefits are
date.
expected to arise from the continued use of the asset. Any gain or loss arising on derecognition of the asset
(calculated as the difference between the net disposal proceeds and the carrying amount f the item) is included in
the income statement in the year the item is derecognized.

Financial Liabilities
Financial liabilities include accounts payable and current tax liabilities due to related party obligation
Financial liabilities are recognized when the company becomes a party to the contruactual agreements of the
Bank loans are
instruments. All raised
interestforrelated
support of working
charges capital requirments
are recognized and the
as an expense other
in the long-term
income funding
statement operations.
under the
They areDistributions
caption recognized as precede received, net of direct issue costs. Finance charges, including premiums
Costs.
payable on settlements or redemption and direct issue costs, are charged to profit or loss on accrual basis using
the effective interest method and are added to the carrying amount of the instrument to the extent that they are
not settled in the period in which they arise.

Loans Payable are recognized initially at their nominal value and subsequently measured at amortized cost less
settlements payments.

Revenue and is
Revenue Cost
recognized to the extent that is probable that the economic benefits will flow to the Company and the
Recognition
revenues can be reliably measured. Revenue is likewise recognized when the risks and rewards of the ownership
of the goods have passed to the buyer.

Cost and expenses are recognized in the income statement upon the utilization of the service or at the date they
are incurred. Finance cost are reported on acrual basis

IFRS In
7 Cash Flow Statement
compliance with IFRS 1 AND IFRS 7 Cash Flow Statement was prepared as integral part of the financial report
to provide details in the changes of cash as a result of its operating and other financing activities.

IFRS No
10 Events after
significant andBalance Sheet Date
extra ordinary events which might materially altered the financial position nor the result of
operation for the year ended were noted after the calendar year to the date the financial reporting.

IFRS Property
16 Property,
underPlant and Equipment
construction were measured under the "construction theory" concept capitalizing direct and
indirect cost when the asset is ready for use in the operation and debited to Construction in Progress account.

The management adopted a straight line method of depreciation with no provision for any residual value. The
following were assigned to all depreciable Property, Plant and Equipment.

Depreciation Rate Property, Plant and Equipment

25% Office Equipment
25% Furnitures and Equipment

The depreciation are computed based on the beginning balance of depreciation.

III. SUMMARY OF ACCOUNTS

NOTE 1 : CASH AND CASH EQUIVALENTS
This account consists of:
2021 2022
CASH 2,100,500.00 2,000,000.00
Checks on Hand 0.00
LBP-Checking 4,703,548.45 8,340,579.55
LBP-Savings 14,035,910.47 6,899,874.82
LBP-Aglayan Savings 8,376,572.89
DBP Checking 1,321,632.32 1,988,022.06
Oro Integrated Cooperative-Savings 9,098,047.31
MCCB 2,024,022.93 3,022,709.46
Total Cash in Bank 33,283,661.48 30,627,758.78

NOTE 2: PROPERTY, PLANT AND EQUIPMENT

This account consists of:
ACCUMULATED
 DESCRIPTION DEPRECIATION DEPRECIATION COST
BAR BENDER 4" 55,000.00
2 UNITS WELDING MACHINE 8,000.00
FLOOR GRINDER 73,950.00
CHOP SAW HAUSMAN
CONCRETE HOLLOWBLOCK MACHINE 7,000.00
MOULD W/O MOTOR 33,000.00
HUGONG WELDING MACHINE 1,254.40 3,763.20 7,840.00
KEN CUT MACHINE 880.00 2,640.00 5,500.00
KEN ANGLE GRINDER 272.00 816.00 1,700.00
MENDONG 2,168.00 6,504.00 13,550.00
HAMMER DRILL 943.04 2,829.12 5,894.00
2 DAIDEN INVERTER 2,080.00 6,240.00 13,000.00
AIR COMPRESSOR 6,072.00 18,216.00 37,950.00
DAIHATSO WELDING
MAKITA ELECTRIC MACHINE
INDUSTRIAL 6,500.00 6,500.00
ANGULAR GINDER 9,800.00 9,800.00
ACYTELENE W/ COMPLETE 14,000.00 14,000.00
POWER CRAFT WELDING MACHINE 5,875.00 5,875.00
JEONIL VIBRATOR W/ ROBIN ENGINE 18,000.00 18,000.00
ONE BAGGER CONCRETE MIXER 49,300.00 49,300.00
J.C.K. PLANER 2,400.00 2,400.00
MACTEC GRINDER 1,200.00 1,200.00
JIGSAW 2,400.00 2,400.00
FUJIMAX POWER GENSET 31,000.00 31,000.00
SMART WELDER 8,500.00 8,500.00
OHTD SANDER 1,300.00 1,300.00
CONCRETE CUTTER ZAVENCO
MACTEC GRIDER/ANGLE AND 18,600.00 18,600.00
HANDRILL 6,400.00 6,400.00
SUBMERSIBLE PUMP 5,390.00 5,390.00
HITACHE CUT-OFF
POWER MAN WHEEL
WELDING 7,495.00 7,495.00
GENERATOR 58,920.00 58,920.00
ONE BAGGER MIXER 48,000.00 48,000.00
HANDRILL MAKITA 2,400.00 2,400.00
CIRCULAR SAW
CUT OUT FIT MACTEC
AND WELDING 3,700.00 3,700.00
MACHINE 16,710.00 16,710.00
ONE BAGGER MIXER 49,200.00 49,200.00
SKILL PLANER 6,000.00 6,000.00
WELDING MACHINE 7,575.00 7,575.00
CUT OFF
SMART WHEEL W/
WELDER SKILL
AEG ANGLE 6,819.75 6,819.75
GRINDER 8,500.00 8,500.00
SLICER SAWGRINDER
KEN ANGLE STEEL MAXSELL
AND WELDING 11,999.75 11,999.75
MACHINE 1,844.25 12,909.75 12,295.00
DEMOLITION HAMMER AND GENSET 9,285.00 64,995.00 61,900.00
WATER PUMP 2,448.00 17,136.00 16,320.00
MAKITA ANGLE GRINDER 480.00 3,360.00 3,200.00
BUTT FUSSION WELDI G MACHINE 10,000.00 100,000.00 100,000.00
DEWALT CORDLESS DRILL 1,650.00 11,550.00 11,100.00
MAKITA GRINDER 677.63 4,743.38 4,517.50
KENZO INVERTER 1,200.00 6,000.00 8,000.00
POWER HUSE INVERTER 825.00 4,125.00 5,500.00
HUGONG WELDING MACHINE 975.00 4,875.00 6,500.00
ZEKOKE ANLE GRINDER 180.00 900.00 1,200.00
FUJI MACHILL INVERTER 1,659.75 8,298.75 11,065.00
JC-ELECTRIC DRILL AND KNAPSACK 797.25 3,189.00 5,319.75
HUGONG HOBBY INVENTER 1,954.50 7,818.00 13,030.00
FLATWIRE BROOM 2,775.00 9,919.50 18,500.00
ALUMINUM BULL FLOAT 2,475.00 12,375.00 16,500.00
FDT SET 2,250.00 11,250.00 15,000.00
SUBMERSIBLE PUMP 937.50 4,687.50 7,600.00
SHALLOW
CONCRETEWATER PUMP
CUTTER WELDING 885.00 4,425.00 5,900.00
MACHINE 3,450.00 17,250.00 23,000.00
WELDING MACHINE 2,009.25 10,046.25 13,395.00
YAHINO CONCRETE VIBRATOR 2,250.00 11,250.00 15,000.00
MAKITA DIESEL ENGINE 2,100.00 10,500.00 14,000.00
ELECTRIC DRILL MAXTOOLS 719.85 3,599.25 4,799.00
WELDING MACHINE HAUSMAN 1,144.50 5,722.50 7,630.00
JC CIRCULAR SAW MAXSELL 1,169.89 5,849.44 7,799.75
WELDING MACHINE HAUSMAN 200 1,125.00 5,625.00 7,500.00
AMP 180.00 900.00 1,200.00
ZEKOKE ANGLE GRINDER 5,400.00 13,275.00 36,000.00
MARSHALL TOWN FLATWIRE BROOM 2,475.00 9,900.00 16,500.00
ZEKOKE ANLGLE GRINDER 780.00 3,120.00 5,200.00
CASTER WHEEL
KOBEWELD CAST WELDING
INVERTER 255.00 1,020.00 1,700.00
MACHINE 1,275.00 5,100.00 8,500.00
MACHINE DRILL 3,610.50 14,441.50 24,070.00
MINO BAR CUTTER 18,975.00 75,900.00 126,500.00
GRINDER 495.00 1,980.00 3,300.00
KEN-DEMOLITION HAMMER 2,850.00 11,400.00 19,000.00
GENERATOR W/ VIBRATOR 3,450.00 13,800.00 23,000.00
VITAL CHAIN BLOCK 975.00 3,900.00 6,500.00
REBAR BENDER 16,845.00 67,380.00 112,300.00
MAKITA DRILL 975.00 3,900.00 6,500.00
GENERATOR HAUSMAN 2,600.63 10,402.51 17,337.50
J-C ANGLE GRINDER MAXSELL 554.96 1,664.89 3,699.75
ANGLE GRINDR HAUSMAN 296.25 1,185.00 1,975.00
2 SETS ALUMINUM BULLFLOAT 4,350.00 17,400.00 29,000.00
ONE BAGGER CONCRETE MIXER 7,500.00 30,000.00 50,000.00
1 SET SLUMP TEST 840.00 3,360.00 5,600.00
KAWASAKI POWER SPRAYER 5,500.00
JC ANGLE GRINDER MAXSELL 7,399.50
B-PUMP MOTOR BOLZANO-HP 4,599.75
VICTOR ELECTRIC MOTOR 3HP 7,800.00
YOHINO VIBRATOR SHAFT 4,000.00
ZARAMERICA BATTERY CHARGER 8,000.00
CONCRETE BAGGER MIXER T-TYPE 54,000.00
POWER ARC CUTTING OUTFIT 6,500.00
KOBEWELD IBT MMA WELDER 35,000.00
KEN ANGLE
GRAND BASEGRINDER 670W
ENTERPRISES 6,000.00
SURVEYING EQUIPMENT
KOBEWELD IGBT MMA WELDER 213,750.00
HEAVY DUTY WATER PROOF 9,000.00
FLOOR SAW HP-Q300 W/ROBIN 27,724.00
MAKITA ANGLE GRINDER 2,680.00
MAKITA FINISHING SANBER 2,840.00
VACUUM KARCHER 5,880.00
FINISHING SANDER 773.80 773.80 3,869.00
TOTALS 146,392.94 1,102,194.83 1,989,364.00

BOOK VALUE 887,169.17

HEAVY EQUIPMENTS
ACCUMULATED
DEPRECIATION DEPRECIATION ACQUISITION COST
VOLVO VIBRATORY SOIL
KOMATSU/CRAWLER TYPECOMPACTOR 33,550,000.00
HYDRAULIC EXCAVATOR 2,000,000.00
PC200 KOMATSU 0.00 2,000,000.00
TRAVIZ 100,980.00 100,980.00 1,122,000.00
VOLVO BACKHOE 643,500.00 643,500.00 7,150,000.00
LONGKING PAYLOADER 297,000.00 297,000.00 3,300,000.00
ROAD ROLLER/CATERPILLAR 0.00 0.00 3,600,000.00
FORWARD 250,000.00 0.00
MC SU/SUZUKI 300,000.00 0.00
MINI DUMPTRUCK 17,250.00 230,000.00 230,000.00
JEEPEY 18,750.00 212,500.00 250,000.00
MC SU/KAWASAKI 0.00 0.00 0.00
ROAD GRADER 15,000.00 95,000.00 200,000.00
 ROAD ROLLER 33,750.00 213,750.00 450,000.00
MC SU/YAMAHA 20,062.50 54,662.50 86,510.00
MINI DUMP TRUCK 26,250.00 229,950.00 350,000.00
Dumptruck 247,500.00 247,500.00 3,300,000.00
MINI DUMPTRUCK 45,000.00 45,000.00 600,000.00
Road Roller 176,250.00 176,250.00 2,350,000.00
DUMP TRUCK 101,250.00 405,000.00 1,350,000.00
BACKHOE 112,500.00 112,500.00 1,500,000.00
FORWARD 187,500.00 1,437,500.00 1,250,000.00
BACKHOE 186,543.26 696,543.26 510,000.00
MC SU/HONDA 68,000.00 68,000.00
MC SU/HONDA 125,244.00 125,244.00
KOBELCO BAKHOE 510,000.00 510,000.00
DOUBLE CAB 26,250.00 96,250.00 350,000.00
12 WHELLERS 165,000.00 605,000.00 2,200,000.00
10 WHELLER/ISUZU 146,250.00 536,250.00 1,950,000.00
BACKHOE, LOADER & BULLDOZER 28,500.00 104,500.00 380,000.00
WAEGON 135,000.00 495,000.00 1,800,000.00
BACKHOE 43,500.00 159,500.00 580,000.00
TRUCK/ KHENORY 28,500.00 66,500.00 380,000.00
TELESCOPHIC MOBILE CRANE 165,000.00 385,000.00 2,200,000.00
SINOTRUCK 251,250.00 586,250.00 3,350,000.00
CRF KENT 9,750.00 22,750.00 130,000.00
CRF VEMMY 9,750.00 22,750.00 130,000.00
FORKLIFT HYTSU DIESEL 26,250.00 61,250.00 350,000.00
BACKHOE CATERPILLAR 555,000.00 1,295,000.00 7,400,000.00
TOTAL 3,819,085.76 10,886,879.76 87,051,754.00

BOOK VALUE 76,164,874.24

TRANSPORTATION EQUIPMENT
ACCUMULATED
DEPRECIATION DEPRECIATION COST
TRANSPORTION EQUIPMENT 498,724.37 1,496,173.11 3,106,000.00
58,128.00
BOOK VALUE 1,551,698.89

TOTAL ANNUAL DEPRECIATION 4,464,203.07 13,543,375.70 92,147,118.00

TOTAL ACCUMUMULATED DEP'N-BLDG 80,000.00 226,791.38 (78,603,742.30)
13,770,167.08 78,603,742.30
NOTE 3: ACCOUNTS PAYABLE
This account consists of:
2020 2021
Income Tax Payable 4,023,813.28
Trade 0.00
PICK-UP 0.00
DUMPTRUCK 0.00
ROAD ROLLER (ORO INTEGRATED) 0.00
DBP 18,500,000.00 17,390,000.00

Net Value 22,523,813.28 17,390,000.00

NOTE 4 : NON CURRENT LIABILITIES

This account consists of:
2021
LBP LOAN 7,900,000.00
OIC-LOAN 2,499,303.49

TOTAL 10,399,303.49
NOTE 5 : INTEREST EXPENSE/FINANCE CHARGES
This account consists of:
2021
DBP LOAN INTEREST 950,536.66

TOTAL 950,536.66

NOTE 6 : TAXES AND LICENSES

2021
ROMER GAJETE VAT PAYMENTS
Output Tax Govt Sales 155,967,322.38 18,716,078.69
Private 100,000.00 12,000.00
Less: Input Tax 90,314,382.02 10,837,725.84
Vat Payable 7,890,352.84
Less:Payments
2306 7,798,366.18
CASH 91,986.71
Vat Payable/(Prepaid Input Tax) (0.05)

2. Income Tax

Total Tax Due 12,142,626.43

Less. Payments
1st, 2nd and 3rd Quarter
BIR Forms 2307 2,180,951.00
BIR Forms 2307
Taxes Payable