FS 2012-2013

8/12/2019 FS 2012-2013

http://slidepdf.com/reader/full/fs-2012-2013 1/15

December 31, 2012 December 31, 2011

ASSETS

Notes

Current Assets 1

Cash and Cash Equivalents 233,540.27 1,073,056.63

Petty Cash Fund 5,000.00 5,000.00 Accounts Receivable 2 745,021.80 727,021.82

Advances to Employees - 38,062.43

Accounts Receivable-Officers - 1,239,651.85

Textbooks 534,290.19 2,035,829.29

Yearbook - 138,341.65

Unused Supplies - 173,821.65

Total Current Assets 1,517,852.26 5,430,785.32

Plant, Property and Equipment (Net) 3 18,746,322.82 13,211,963.65

Investment - -

TOTAL ASSETS 20,264,175.08 18,642,748.97

LIABILITIES AND FUND BALANCE

Current LiabilitiesAccounts Payable 3,325,087.27 2,439,392.10

Due from School Clubs - 69,583.34

SSS Contribution Payable 40,612.40

HDMF Contribution Payable 5,464.93

HDMF Loan Payable 12,521.87

SSS, Philihealth & HDMF Payable - 59,374.11

SSS Loan Payable 13,237.59 14,551.90

Philihealth Contribution Payable 14,543.75 -

Withholding Taex Payable 119.75 119.75

Accrued Expenses/Income Taxe Payable 7,824.88 3,000.00

Total Current Liabilities 3,419,412.44 2,586,021.20

Non-Current Liabilities 4 1,121,843.42 -

Total Liabilities 4,541,255.86 2,586,021.20

AS OF

LIABILITIES

ALAH VALLEY ACADEMY OF SURALA COTABATO, INC.

Allah Valley Drive, National Highway, Surallah, South Cotabato

BALANCE SHEET

December 31, 2012

8/12/2019 FS 2012-2013



ASSETS

Notes

Current Assets

Cash and Cash Equivalents 1 29,544.83 233,540.27 Petty Cash Fund 5,000.00 5,000.00

Accounts Receivable 2 1,206,813.75 745,021.80

Advances to Employees - -

Accounts Receivable-Officers - -

Textbooks 681,943.19 534,290.19

Yearbook - -

Unused Supplies - -Total Current Assets 1,923,301.77 1,517,852.26

Plant, Property and Equipment (Net) 3 18,746,322.82 18,746,322.82

Investment - -

TOTAL ASSETS 20,669,624.59 20,264,175.08

LIABILITIES AND FUND BALANCE

Current Liabilities

Accounts Payable 2,456,573.39 3,325,087.27

Due from School Clubs 8,867.38 -

SSS Contribution Payable 40,612.40 40,612.40

HDMF Contribution Payable 5,464.93 5,464.93

HDMF Loan Payable 12,521.87 12,521.87

SSS, Philihealth & HDMF Payable - -SSS Loan Payable 13,237.59 13,237.59

Philihealth Contribution Payable 14,543.75 14,543.75

Withholding Taex Payable 2,176.22 119.75

Accrued Expenses/Income Taxe Payable 7,824.88 7,824.88

Total Current Liabilities 2,561,822.41 3,419,412.44

Non-Current Liabilities 4 2 865 254 04 1 121 843 42

AS OF

LIABILITIES



BALANCE SHEET

December 31, 2013

8/12/2019 FS 2012-2013


TOTAL LIABILITIES AND FUND BALANCE 20,669,624.59 18,309,440.42

8/12/2019 FS 2012-2013



GROSS RECEIPTS

4001 Income from School Fees 5 4,496,602.34 3,385,842.25

4002 Income from Books - 165,909.00

4003 Other Income - 98,913.92

Uncategorized Income 6 253,547.53 525,365.00

Total 4,750,149.87 4,176,030.17

5000 Less: Cost of Books Sold 873,010.00 174,875.73

GROSS PROFIT 3,877,139.87 4,001,154.44

EXPENSES

6001 Interest Expenses 9,550.00 12,340.95

6002 Advertising and Promotion 30,170.00 43,471.50

6003 Taxes and Licenses 37,433.84 11,906.16 6004 Insurance 62,607.63 43,704.71

6005 Medical and Dental 11,807.00 8,600.00

6006 Supplies 94,047.53 151,765.13

6007 Scholarships/Grants and Benefits 311,588.67 305,860.00

6008 Repair and Maintenance 122,466.79 202,279.50

6009 Rentals 6,800.00 11,050.75

6010 Allowances 164,430.83 245,553.15

6011 Security and Maintenance Services 251,400.00 246,742.55

6012 Telecommunications 56,462.43 56,306.87

6013 Transpostation 28,043.50 17,525.44

6014 Publication and Literature 13,403.00 18,527.00

6015 Penalties 3,332.29 38,551.16

6017 Sports and Meet 14,016.00 36,896.50

6020 Salaries and Wages 2,035,867.14 1,097,507.73

6021 Fringe Benefits 154,359.45 77,816.90

6031 Board Meetings and Stipend - 165.00

6040 Other Employees Benefits 83,500.00 108,624.94

6050 Travelling Expenses 67,223.80 35,509.30

6060 Training and Seminars 21,642.00 27,474.00

6061 Arts Cultural Activities - 387.00

6070 Representation 23,187.00 22,722.00



STATEMENT OF INCOME AND EXPENSESFor the Year Ended December 31, 2012

8/12/2019 FS 2012-2013



GROSS RECEIPTS

4001 Income from School Fees 5 5,824,083.40 4,496,602.34

4002 Income from Books 866,648.77 -

4003 Other Income 94,055.52 -

Uncategorized 1ncome 6 266,030.00 253,547.53

Total 7,050,817.69 4,750,149.87

5000 Less: Cost of Books Sold 1,378,892.00 873,010.00

GROSS PROFIT 5,671,925.69 3,877,139.87

EXPENSES

6001 Interest Expenses 818,123.80 9,550.00

6002 Advertising and Promotion 23,775.44 30,170.00

6003 Taxes and Licenses 23,542.29 37,433.84 6004 Insurance 65,979.37 62,607.63

6005 Medical and Dental 11,439.66 11,807.00

6006 Supplies 162,581.85 94,047.53

6007 Scholarships/Grants and Benefits 283,597.50 311,588.67

6008 Repair and Maintenance 98,284.50 122,466.79

6009 Rentals 7,374.00 6,800.00

6010 Allowances 96,557.93 164,430.83

6011 Security and Maintenance Services 235,689.62 251,400.00

6012 Telecommunications 71,044.10 56,462.43

6013 Transpostation 40,728.66 28,043.50

6014 Publication and Literature 19,951.94 13,403.00

6015 Penalties 11,988.85 3,332.29

6017 Sports and Meet 92,544.25 14,016.00

6020 Salaries and Wages 2,864,606.99 2,035,867.14

6021 Fringe Benefits 191,217.10 154,359.45

6040 Other Employees Benefits 204,379.13 83,500.00

6050 Travelling Expenses 42,832.32 67,223.80

6060 Training and Seminars 56,185.92 21,642.00

6061 Arts Cultural Activities 8,587.00 -

6070 Representation 47,601.35 23,187.00

6080 Utilities 214,523.62 156,893.07


STATEMENT OF INCOME AND EXPENSESFor the Year Ended December 31, 2013


8/12/2019 FS 2012-2013


Decemeber 31, 2012 Decemeber 31, 2011

CASH FLOWS FROMOPERATING ACTIVITIES (333,308.55) 568,962.82

Net (Income)Loss for the Current Year

Adjustments to reconcile net income (loss) to

net Cash provided by operating activities

Depreciation 455,479.96 403,952.64

Changes in Current Assets and Liabilities

Accounts 7 Other Receivables

Inventories

Unused Supplies

Prepaid Insurance

Accounts & Other Payables

Increase Decrease In CurrentAssets

Decrease Increase in Current Liabilities

Cash Flows from Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES

Net Losses sustained in the past 2 years

Investment

Other Assets

Acquisition of Fixed AssetsCash Flows from Investing Activities

CASH FLOWS FROM FINACING ACTIVITIES

Long-term Loans 1,121,843.42 -

Contributed Capital

Cash Flows from Financing Activities

NET INCREASE (DECREASE) IN CASH

CASH BALANCE AT BEGINNING OF PERIOD

CASH BALANCE AT END OF PERIOD

Cash and Cash Equivalent 233,540.27 1,073,056.63

Petty Cash Fund 5,000.00 5,000.00



STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2012

AS OF

8/12/2019 FS 2012-2013


31-Dec 31-Dec

2012 2011

Contributed Capital 14,000,000.00 14,000,000.00

Fund Balance Beginning 1,723,419.22 1,487,864.95

Net Income for the Period (333,308.55) 568,962.82

Net Losses Sustained in the Past 2 Years - -

Fund Balance, End 1,390,110.77 2,056,727.77

TOTAL CONTRIBUTED CAPITAL AND FUND BALANCE 15,390,110.77 16,056,727.77

31-Dec 31-Dec2013 2012

Contributed Capital 14,000,000.00 14,000,000.00

Fund Balance Beginning 1,242,548.14 1,723,419.22

Net (Income)Loss for the Period (480,871.08) (333,308.55)





STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL AND FUND BALANCE

For the Calendar Year Ended December 31, 2013

STATEMENT OF CHANGES IN CONTRIBUTED CAPITAL AND FUND BALANCE


8/12/2019 FS 2012-2013


Decemeber 31, 2013 Decemeber 31, 2012

CASH FLOWS FROMOPERATING ACTIVITIES (333,308.55) (333,308.55)

Net (Income)Loss for the Current Year

Adjustments to reconcile net income (loss) to

net Cash provided by operating activities

Depreciation 489,603.10 455,479.96

Changes in Current Assets and Liabilities

Accounts 7 Other Receivables

Inventories

Unused Supplies

Prepaid Insurance

Accounts & Other Payables

Increase Decrease In CurrentAssets

Decrease Increase in Current Liabilities

Cash Flows from Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES

Net Losses sustained in the past 2 years Investment

Other Assets

Acquisition of Fixed Assets

Cash Flows from Investing Activities

CASH FLOWS FROM FINACING ACTIVITIES

Long-term Loans 2,865,254.04 1,121,843.42

Contributed CapitalCash Flows from Financing Activities

NET INCREASE (DECREASE) IN CASH

CASH BALANCE AT BEGINNING OF PERIOD

CASH BALANCE AT END OF PERIOD

For the Year Ended December 31, 2013

AS OF



STATEMENT OF CASH FLOWS

8/12/2019 FS 2012-2013


8/12/2019 FS 2012-2013


31-Dec

2010

14,000,000.00

2,633,236.67

167,386.06

(1,312,857.78)

1,487,764.95

15,487,764.95

31-Dec2011

14,000,000.00

1,487,864.95

568,962.82

8/12/2019 FS 2012-2013


8/12/2019 FS 2012-2013


Water Power Building Laboratory Drum Corps Furniture Sports Tools & Other Library

Land System Generation Improvements Building Equipment Equipment & Fixtures Equipment Utensils F,F and E Books Equipments

Acquisition cost 11,501,500.00 16,533.50 10,000.00 572,987.10 2,215,071.07 65,502.40 276,401.44 403,956.05 1,349,117.89 22,562.79 61,913.50 324,988.90

Additions 39,571.28 1,673,217.51 10,620.00 10,326.00 101,180.00 36,808.79 13,390.00 1,825,214.73

Retirements

Total 11,501,500.00 16,533.50 49,571.28 2,246,204.61 2,215,071.07 76,122.40 286,727.44 505,136.05 1,349,117.89 59,371.58 61,913.50 338,378.90 1,825,214.73

Acc Depreciation

Beginning Balance - 10,552.50 9,999.00 296,326.69 1,402,856.20 65,502.30 276,400.44 308,703.07 1,042,124.75 22,561.79 1,691.76 171,562.49 -

Depreciation - 23,982.76 - 54,262.42 227,612.14 2,833.60 82,629.32 12,712.48 6,936.16 218,352.26

Ending Balance 34,535.26 9,999.00 350,589.11 1,630,468.34 68,335.90 359,029.76 321,415.55 1,049,060.91 22,561.79 1,691.76 171,562.49 218,352.26

NET BOOK VALUE 11,501,500.00 5,981.00 39,572.28 1,949,877.92 584,602.73 7,786.50 10,327.00 183,720.50 300,056.98 36,809.79 59,931.74 166,816.41 1,606,862.47

Water Power Building Laboratory Drum Corps Furniture Sports Tools & Other Library

Land System Generation Improvements Building Equipment Equipment & Fixtures Equipment Utensils F,F and E Books Equipments

Acquisition cost 11,501,500.00 16,533.50 10,000.00 572,987.10 2,215,071.07 65,502.40 276,401.44 403,956.05 1,349,117.89 22,562.79 61,913.50 324,988.90

Additions 39,571.28 2,704,560.37 10,620.00 36,239.69 176,000.95 62,900.79 13,390.00 1,825,214.73

Retirements

Total 11,501,500.00 16,533.50 49,571.28 3,277,547.47 2,215,071.07 76,122.40 312,641.13 579,957.00 1,349,117.89 85,463.58 61,913.50 338,378.90 1,825,214.73

Acc Depreciation

Beginning Balance - 10,552.50 9,999.00 296,326.69 1,402,856.20 65,502.30 276,400.44 308,703.07 1,042,124.75 22,561.79 1,691.76 171,562.49 -

Depreciation - 23,982.76 - 77,001.00 227,612.14 2,833.60 82,629.32 12,712.48 55,534.07 218,352.26


SCHEDULE OF ANNUAL DEPRECIATION




SCHEDULE OF ANNUAL DEPRECIATIONFor the Calendar Year Ended December 31, 2012


8/12/2019 FS 2012-2013


Ending Balance 34,535.26 9,999.00 373,327.69 1,630,468.34 68,335.90 359,029.76 321,415.55 1,097,658.82 22,561.79 1,691.76 171,562.49 218,352

NET BOOK VALUE 11,501,500.00 5,981.00 39,572.28 2,904,219.78 584,602.73 7,786.50 (46,388.63) 258,541.45 251,459.07 62,901.79 60,221.74 166,816.41 1,606,862

16533.5

10552.5

5981

8/12/2019 FS 2012-2013


2,463,352.00

1,825,214.73

13,390.00

36,808.79

101,180.00

10,326.00

10,620.00

1,673,217.51

39,571.28

6,173,680.31

324,988.90

61,913.50

22,562.79

1,349,117.89

403,956.05

276,401.44

65,502.40 24,152,384.45

2,215,071.07 4,347,892.13 572,987.10 28,500,276.58

10,000.00

16,533.50

11,501,500.00

8/12/2019 FS 2012-2013


16,820,534.64

1,673,217.51

4,377,777.88

(2,704,560.37)

1206813.75

483508

31.5

1690353.25

16,920,534.64

6173680.31

23,094,214.95

3,708,570.99

639,321.14

18,746,322.82

FS 2012-2013

Documents