xxxxx

xxxxx
Reg./Confirmation No. __________
STATEMENT OF FINANCIAL CONDITION
As of December 31, 2012 and December 31, 2011
ASSETS
Current Assets
Cash on Hand
Cash in Bank
Petty Cash Fund
Revolving Fund
Advances to Officers, Employees and Members
Due from Accountable Officers and Employees
Accounts Receivable
Current
Past Due
Less: Allowance for Probable Losses on Accounts
Loans Receivable
Current
Past Due
Restructured
In litigation
Less: Allowance for Probable Losses on Loans
Unearned Interests and Discounts
Other Curent Receivables
Unused Office Supplies
Prepaid Expenses
Merchandise Inventory
Total Current Assets
Non-Current Assets
Investments in Non Marketable Equity Securities
Other Funds and Deposits
Furniture, Fixtures and Equipments
Less: Accumulated Depreciation-FF & E
Building on Leased/Usufruct Land
Less: Accumulated Depreciation-Bldg. on Leased
Building and Improvements
Less: Accumulated Depreciation-Bldg. & Imp.
Transportation Equipment
Machineries, Tools and Equipment
Total Non-Current Assets
Other Assets
Deposit on Returnable Containers
Linens
Less: Accumulated Depreciation-Linen
Kitchen, Canten & Catering Equipment/Utensils
Less: Accumulated Depreciation-K C&C Equip./Utensils
Total Other Assets

Notes

PhP

1
1
1
2
2
2
2
2
2
2
2
2
2

Php

PhP

5
5
5
5
5
5
5
5

Php

6
6
6
6
6

PhP

TOTAL ASSETS

PhP

LIABILITIES, MEMBER'S EQUITY AND RESERVES

LIABILITIES
Current Liabilities
Accounts Payable
Accrued Interest Payable
Bonds Payable

7
7
7

PhP

Savings Deposit
Time Deposit
Loans Payable
Special Savings Deposit
Interest on Share Capital Payable
Patronage Refund Payable
Due to CETF (Apex)
Other Curent Liabilities
Total Current Liabilities

7
7
7
7
7
7
7
7

PhP

Non-Current Liabilities
Members' Benefit and Other Funds Payables
Total Non-Current Liabiliies

PhP
PhP

TOTAL LIABILITIES

PhP

MEMBER'S EQUITY
Common Share Capital-Authorized Share
Capital 100,000 Shares @ P500.00 par value

PhP

Subcribed Share Capital-Common

Less: Subscription Receivable-Common
Paid-up Share Capital
Total Members' Equity

PhP

RESERVES/STATUTORY FUNDS
Education and Training Fund
General Reserve Fund
Optional Fund
Community Development Fund
Total Reserves/Statutory Funds
TOTAL LIABILITIES, RESERVES AND MEMBERS' EQUITY

PhP

9
9
9

PhP
PhP

xxxxx
xxxxx
Reg./Confirmation No. __________
STATEMENT OF OPERATION
For the Years Ended December 31, 2012 and December 31, 2011

NET SALES
Less: Cost of Sale
Merchandise Inventory-January 1
Net Purchases
Merchandise Inventory-December 31
Total Cost of Goods Sold

PhP

GROSS INCOME FROM SALES

PhP

REVENUE
Interest Income from Loans
Service Fees
Filling Fees
Fines, Penalties, Surcharges
Membership Fees
Interest from Investment
Interest Income
Interest Income from Lease Agreement
Interest on Bank Deposits
Withdrawal Fee
Income from Marketing Operations
Commission Income
Miscellaneous Income
Service Income
Total Revenue
GROSS INCOME
EXPENSES:

PhP

PhP

PhP

8
8
8
8
8
8
8
8
8
8
8
8
8

PhP
PhP

Financing Costs:
Interest Expense on Deposits
Interest Expense on Borrowings
Total Financing Costs

PhP
PhP

Administrative Costs:
Salaries and Wages
Employees Benefits
SSS, ECC, PhilHealth, Pag-Ibig Contributions
Officers' Honorarium & Allowances
Office Supplies
Power, Light and Water
Travel and Transportation
Insurance
Repairs and Maintenance
Spoilage, Breakage & Losses
Taxes, Fees and Charges
Communication Expense
Representation
General Assembly Expenses
Meetings and Conferences
Bank Charges
Store Supplies
Social & Community Services Expenses
Marketing and Promotions Expenses
General Support Services
Miscellaneous Expenses
Depreciation and Amortization
Provision for Probable Losses on Loans
Incentive and Allowances
Affiliation Fee
Member's Benefit Expense
Total Administrative Costs

PhP

TOTAL EXPENSES

PhP

PhP

NET SURPLUS ON OPERATIONS

PhP

Add: Extraordinary Items:

Gains or Losses on Sale of Property & Equipment

Php

NET SURPLUS ( FOR ALLOCATION)

Reserve Fund- Minimum of 10% of Net Suplus-20%
Coop Education & Training Fund-Maximum of 10% of NS
Optional Fund-Maximum of 10% of NS-5%
Community Development Fund-3%
Amt. Available for ISC and Patronage Refund
NET SURPLUS (AS ALLOCATED)

PhP

PhP

xxxx
xxxx
tion No. __________

NANCIAL CONDITION
12 and December 31, 2011
2012

149,242.94 PhP
3,583,649.35
30,000.00
289,064.00

1,237,248.72
1,380,432.69
(121,632.37)

2011

301,743.15
2,918,059.94
###
15,000.00
207,627.99
266,305.94
1,077,369.52
1,789,541.56
(80,409.13)

58,469,920.62
6,528,487.84
195,719.43
1,961,218.45
(2,615,453.12)
(16,615,605.25)
87,400.00
40,245.00
84,414.14
81,674.92
54,766,027.36 PhP

46,362,367.14
5,234,179.30
235,120.49
3,622,378.16
(1,898,242.05)
(14,362,568.63)
26,033.33
43,901.19
86,000.20
301,255.42
46,175,663.52

747,486.26 PhP
403,335.17
1,609,422.73
(1,222,415.45)
2,878,029.12
(1,043,038.97)

632,191.00
2,341,584.16
1,824,067.17
(1,529,167.04)
2,790,718.35
(798,098.88)
87,310.77
(21,533.37)

74,807.88
618,948.00
4,066,574.74 PhP

35,603.27
105,673.00
(44,939.57)

96,336.70 PhP

Difference

(152,500.21)
665,589.41
(15,000.00)
81,436.01
(266,305.94)
159,879.20
(409,108.87)
(41,223.24)
12,107,553.48
1,294,308.54
(39,401.06)
(1,661,159.71)
(717,211.07)
(2,253,036.62)
61,366.67
(3,656.19)
(1,586.06)
(219,580.50)

115,295.26
(1,938,248.99)
(214,644.44)
306,751.59
87,310.77
(244,940.09)
(87,310.77)
21,533.37
74,807.88
618,948.00

5,327,072.16

###
###
(23,804.93)
265,347.20
(241,538.68)
141,279.86

58,928,938.80 PhP

51,644,015.54

123,463.53 PhP
597,125.84
260,731.23

133,857.66
518,590.28
271,326.37

(21,134.64)
(265,347.20)
241,538.68

(10,394.13)
78,535.56
(10,595.14)

235,120.49 past due

5,234,179.30

3,830,463.51
7,508,353.79
22,626,851.75
343,640.32
882,092.63
882,092.63
139,998.68
893,993.05
38,088,806.96 PhP

1,940,489.59
6,162,510.28
20,774,210.12
328,686.81
610,418.35
104,134.45
795,066.66
31,639,290.57

1,080,349.14 PhP
1,080,349.14 PhP

1,299,507.22
1,299,507.22

39,169,156.10 PhP

32,938,797.79

50,000,000.00 PhP

50,000,000.00

17,500,000.00
(380,924.19)
17,119,075.81
17,119,075.81 PhP

###
(1,303,137.48)
16,196,862.52
16,196,862.52

71,385.43 PhP
1,689,260.45
695,620.40
184,440.61
2,640,706.89 PhP

180,533.70
1,437,233.98
781,754.88
108,832.67
2,508,355.23

58,928,938.80 PhP

51,644,015.54

1,889,973.92
1,345,843.51
1,852,641.63
343,640.32
553,405.82
271,674.28
35,864.23
98,926.39

(219,158.08)

922,213.29

(109,148.27)
252,026.47
(86,134.48)
75,607.94

__________

RATION
2 and December 31, 2011
2012

2011

6,825,646.63 PhP

4,975,845.65

301,255.42 PhP
6,125,811.70
(81,674.92)
6,345,392.20 PhP

620,132.18
4,284,616.97
(301,255.42)
4,603,493.73

480,254.43 PhP

372,351.92

9,267,619.23 PhP
850,836.26
490,349.80
150,907.32
3,500.00
75,146.27
110,642.27
295,580.00
9,318.42
6,000.00
207,092.67
8,881.50
71,912.70
11,547,786.44 PhP

7,009,694.15
533,663.74
313,880.76
116,434.93
3,000.00
50,034.59
21,599.25
305,995.00
8,010.45
4,000.00
30,300.00
176,741.86
6,098.97
8,579,453.70

12,028,040.87 PhP

8,951,805.62

690,110.77 PhP
2,275,924.41
2,966,035.18 PhP

549,536.63
1,978,026.43
2,527,563.06

1,529,668.03 PhP
454,549.15
109,568.20
742,127.00
139,369.74
266,453.04
72,391.00
400,393.17
15,654.50
29,054.02
89,608.99
47,062.62
24,000.00
368,599.23
179,118.70
760.00
13,634.12
4,300.00
255,052.08
397,052.39
758,434.31
440,800.00
2,000.00
208,050.75
6,547,701.04 PhP

1,193,242.47
339,383.85
86,659.66
740,054.00
146,456.22
182,568.28
25,679.00
148,231.74
25,494.00
13,282.88
85,171.00
45,974.53
###
469,085.00
148,829.00
###
26,275.65
2,900.00
26,540.00
235,990.59
4,804.75
471,893.21
239,291.47
176,500.00
4,859,067.30

9,513,736.22 PhP

7,386,630.36

2,514,304.65 PhP

1,565,175.26

5,960.00
2,520,264.65
252,026.47 PhP
252,026.47
176,418.53
75,607.94
1,764,185.26
2,520,264.65 PhP

1,565,175.26
313,035.05
156,517.53
109,562.27
46,955.26
939,105.16
1,565,175.27

xxxx
address
Reg./Confirmation No. Con-QC-1549
STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2012

Cash Flows from Operating Activities :

Net Surplus (Loss)
Adjustments: ( increase/ decrease)
Advances to Officers, Employees and Members
Due from Accountable Officers and Employees
Accounts Receivable
Current
Past Due
Allowance for Probable Losses on Accounts
Loans Receivable
Current
Restructured
Past Due
In litigation
Allowance for Probable Losses on Loans
Unearned Interests and Discounts
Other Curent Receivables
Unused Office Supplies
Prepaid Expenses
Merchandise Inventory
Investments in Non Marketable Equity Securities
Other Funds and Deposits
Accounts Payable
Accrued Interest Payable
Bonds Payable
Savings Deposit
Time Deposit
Loans Payable
Interest on Share Capital Payable and Patronage Refund Payable
Due to CETF (Apex)
Other Curent Liabilities
Members' Benefit and Other Funds Payables
Special Savings Deposit
Total Adjustments
Net Cash Provided from Operating Activities

PhP
PhP

PhP
PhP

Cash Flows from Investing Activities :

Furniture, Fixtures and Equipments
Accumulated Depreciation-Furniture, Fixtures & Equipments
Building on Leased/Usufruct Land
Accumulated Depreciation-Bldg on Leased
Building and Improvements
Accumulated Depreciation -Bldg and Improvements
Transportation Equipment
Linens
Accumulated Depreciation-Linen

PhP

Machineries, Tools and Equipment

Kitchen, Canten & Catering Equipment/Utensils

Less: Accumulated Depreciation-K C&C Equip./Utensils

Net Cash Provided from Investing Activities

PhP

Cash Flows from Financing Activities :

Paid-up Share Capital
Education and Training Fund
General Reserve Fund
Optional Fund
Community Development Fund

PhP

Net Cash Provided from Financing Activities

PhP

Net Increase in Cash & Cash Equivalents

PhP

Add: Cash and Cash Equivalent at beginning of Year

Cash and Cash Equivalents at the end of the Year

PhP

2,520,264.65
(81,436.01)
266,305.94
(159,879.20)
409,108.87
41,223.24
(12,107,553.48)
(1,294,308.54)
39,401.06
1,661,159.71
717,211.07
2,253,036.62
(61,366.67)
3,656.19
1,586.06
219,580.50
(115,295.26)
1,938,248.99
(10,394.13)
78,535.56
(10,595.14)
1,889,973.92
1,345,843.51
1,852,641.63
(939,105.16)
35,864.23
98,926.39
(219,158.08)
343,640.32
(1,803,147.86)
717,116.79

214,644.44
(306,751.59)
(87,310.77)
244,940.09
87,310.77
(21,533.37)
(74,807.88)
21,134.64
(618,948.00)
265,347.20
(241,538.68)
(517,513.15)

922,213.29
(361,174.74)
0.01
(262,553.01)
0.00
298,485.56
498,089.20
3,264,803.09
3,762,892.29

xxxx
ADDRESS
Reg./Confirmation No. Con-QC-1549

STATEMENT OF CHANGES IN EQUITY AND FUNDS

For the Year Ended December 31, 2012

2012
EQUITY
Paid Up Capital
TOTAL

STATUTORY FUNDS
Education and Training Fund
General Reserve Fund
Optional Fund
Community Development Fund
TOTAL

PhP
PhP

PhP

PhP

17,119,075.81
17,119,075.81

CHANGES
Increase/( decrease)
PhP
PhP

71,385.43 PhP
1,689,260.45
695,620.40
184,440.61
2,640,706.89 PhP

2011

922,213.29
922,213.29

PhP
PhP

16,196,862.52
16,196,862.52

(109,148.27)
252,026.47
(86,134.48)
75,607.94
132,351.66

PhP

180,533.70
1,437,233.98
781,754.88
108,832.67
2,508,355.23

PhP