POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

COLLEGE OF SOCIAL SCIENCES AND DEVELOPMENT

Department of Cooperatives and Social Development
Mabini Campus, Sta. Mesa, Manila, Philippines

CATHERINE ROZE C. GELLIDO

BSC CECD 4-4
WORKSHOP ACTIVITY 9
SBS Multi-purpose Cooperative
Balance Sheet
January 31

ACCT. Note January 31

NO.
ASSETS
Current Assets
101 Cash and Cash equivalents 97, 430.00
102 Loans and Receivables 91, 340.00
104 Office supplies-unused 700.00
Other current assets --
Total Current Assets 189,470.00
Noncurrent Assets
103 Property and Equipment - Net 24,000.00
Accumulated Depreciation – Office (400)
equipment
Other noncurrent assets --
Total noncurrent assets 23,600.00
Total Assets 213, 070.00

LIABILITIES AND MEMBERS’ EQUITY

Current Liabilities
202 Loans payable 100,000.00
204 EC/SSS Payable 900.00
205 Withholding Tax Payable 1,100.00
201 Savings Deposit 101,500.00
Total current liabilities 203,500.00
Noncurrent liabilities ---
Total liabilities 203,500.00

EQUITY
301 Member’s Share Capital 3,500.00
Statutory funds --
Net surplus 6,070.00
Total member’s equity 9, 570.00
TOTAL LIABILITIES AND EQUITY 213,070.00
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF SOCIAL SCIENCES AND DEVELOPMENT
Department of Cooperatives and Social Development
Mabini Campus, Sta. Mesa, Manila, Philippines

SBS Multi-purpose Cooperative

Income Statement

January 31

Note January 31
Net Sales
INCOME/REVENUES
401 Interest Income 16, 810.00
402 Service Fees 2,010.00
403 Membership Fees 400.00
Total Gross Income 19,220.00
LESS: EXPENSES
General and Administrative Expenses
501 Salaries and Wages 11,000.00
502 Supplies Expenses 50.00
503 Meetings and Conferences 300.00
504 Travel and Transportation 500.00
505 Power, Light, and Water 900.00
Depreciation expenses – Office 400.00
equipment
Other expenses --
Total expenses 13, 150.00
NET SURPLUS FOR ALLOCATION 6,070.00

SBS Multi-purpose Cooperative

Statement of Cash Flows

January 31

Note January 31
CASH FLOWS FROM OPERATING
ACTIVITIES
Cash receives from members
Cash received from membership fee 400.00
Cash received from deposit 103,500.00
Cash received from livelihood loan 31, 200.00
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF SOCIAL SCIENCES AND DEVELOPMENT
Department of Cooperatives and Social Development
Mabini Campus, Sta. Mesa, Manila, Philippines

Cash payments for selling and

administrative expenses
Cash payment for office supplies (750.00)
Cash payment for release of regular loan (38,720.00)
Cash payment for release of livelihood (65,000.00)
loan
Cash payment for meetings and (300.00)
conferences
Cash payment for travel and (500.00)
transportation
Cash payment for salaries and wage (9,000.00)
Cash payment to power, light and water (900.00)
Net Cash flows from operating 19,930.00
activities

CASH FLOWS FROM INVESTING --

ACTIVITIES
Purchase of Property and Equipment (24,000.00)
Net Cash flows from investing (24,000.00)
activities

CASH FLOWS FROM FINANCING

ACTIVITIES
Proceeds from borrowing 100,000.00
Proceeds from additional subscription 3,500.00
for members’ share
Withdrawals of members’ capital (2,000.00)
Net Cash flows used in financing 101,500.00
activities
NET INCREASE (DECREASE) IN CASH 97,430.00
CASH AT BEGINNING OF THE PERIOD --
CASH AT END OF THE YEAR 97,430,00