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  • SEC-FS 2014 (Majayjay Hydropower Company, Inc.)

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    Romulo Urcia
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    SEC-FS 2014 (Majayjay Hydropower Company, Inc.)

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    SEC-FS 2014 (Majayjay Hydropower Company, Inc.)

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    8 views14 pages

    SEC-FS 2014 (Majayjay Hydropower Company, Inc.)

    Uploaded by

    Romulo Urcia
    SEC-FS 2014 (Majayjay Hydropower Company, Inc.)

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 14
    ‘ws oO o © wy renee toe nt tet ety i Hp Ake ls [ COMPANY INFORMATION cannes eno Tene hte tn tte ‘uoneaneminiotvissan Taaaaae 9393004795 ao thls a rg fl Yr ‘ean sxe 7 ‘ate ah es CONTACT PERSON INFORMATION ‘he ip cane ee AUST ta ef Be Consten tanta tec Theres sme nara sess sossa7es conte Penere Aen ‘GHECC Bldg, 169 Chico St, Quine 26, Quezon City enamel tegen er de spn wp ch ne abe grt Caw Dy cent ‘arn Ph man nonin oe ev a cH PE Nv oy z. szts69e o STATEMENT OF MANAGEMENTS RESPONSE SIBILITY TOR FINANCIAL STATEMENTS. ‘The management of MAZAYIAY HYDROPOWER “COMPANY, INC. is responsible for the preparation and fair presentation of the financial statements for the year ended 31 December 201% in accordance with the prescribed financial reporting framework indicated therein. This responsibility includes designing and implementing internal Controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, selecting and appiying appropriate accounting policies, and making accounting estimates that are reasonable in circumstances. ‘The Board of Directors reviews and approves the financial statements and submit the same to the stockholders of the Company. Pacifico A. Martinez, Jr. the independent auditor, appointed by the stockholders, has examined the financial statements of the Company in accordance to the Philippine Standards on Auditing, and in its report to the stockholders has expressed its opinion on the fairness of presentation upon Completion of such examination. r wi 4 SE38E * Pacifico A. Martinez, Jr. Certified @ublic Accountant PRE Registration No. 78765 Independent Auditor's Report. ‘The Board oF Directors Ye MATAYIAY HYDROPOWER COMPANY, INC. 9 e 256 Dona Soledad Avenue, Better Living: ‘Subdivision / ‘Paranaque City ie 1 have audited the accompanying financial statements of MAJAYDAY HYDROPOWER COMPANY, INC. which comprise the Statements of Financial Positions as at 32 December 2024 and Statement of Comprehensive Income for the year then ended, and notes to financial statements comprising of summary OF significant accounting policies and other explanatory notes. Management's Responsibility For the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Philippine Financial Reporting Standards 1 applicable to Smalt and Medium Sized Entities. This responsibitiey Inctudes maintaining internal Controt relevant to the preparation oF financial statements that are free from material misstatement, whether due to fraud Or error, selecting and applying appropriate accounting policies that are Consistent with Philippine Financial ‘Reporting Standards and making accounting/@skimates that are reasonable in the Circumstances. i uae fee cE Auditor's Responsibility hewn Se Aha SSE Tip, My responsibility is to express an opinion on these Finabiogs jased on my : audit. J conducted my audit In accordance with Philippis® neh Auditing. ‘Those standards require that ] plan and perform the audit to obtaitrreasonable, but hot absolute assurance whether the financial statements are Free From material misstatement, whether due to fraud or error. An Audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The audit procedures seiected depend on the auditor's assessment of the risks OF material misstatemett. In making ‘those assessments, ] consider Inernal Control relevant to the entity's preparation oF ‘the financial statenients2s a-basts For

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