Republic of the Philippines

TARLAC CITY
Province of Tarlac
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As of December 31, 2013
(With comparative Figures for CY 2012)

ASSETS
Current Assets
Cash (Note 3)
Receivables (Note 4)
Prepayments (Note 5)
Total Current Assets

Investments and Property, Plant and Equipment

Investments
Total Investments
Property, Plant and Equipment (Net of Depreciation) (Note
7)
Land and land Improvements
Buildings
Office Equipment, Furniture and Fixtures
Machineries and Equipment
Transportation Equipment
Other Property, Plant and Equipment
Roads, Highways and bridges
Construction in Progress
Total Property, Plant and Equip.
Other Assets (Note 8)
TOTAL ASSETS

P
LIABILITIES AND EQUITY

LIABILITIES
Current Liabilities (Note 9)
Long-Term Liabilities (Note 10)
Deferred Credits (Note 11)
Total Liabilities

EQUITY
Government Equity (12)
TOTAL LIABILITIES AND EQUITY

P
(See accompanying Notes to Financial Statements).

Republic of the Philippines

TARLAC CITY
Province of Tarlac

OLIDATED STATEMENT OF FINANCIAL POSITION

As of December 31, 2013
(With comparative Figures for CY 2012)
2013

2012

ASSETS
134,388,665.30 P
109,790,970.48
48,138,037.71
292,317,673.49

91,302,378.05
98,450,825.09
9,440,914.27
199,194,117.41

12,183.45
12,183.45

12,183.45
12,183.45

340,362,197.72
1,015,245,561.10

351,691,639.64
735,276,912.37

156,626,793.43

150,969,134.08

123,291,975.29
98,766,612.40

214,260,554.94
140,289,765.13

55,609,616.39

58,310,150.09

55,434,147.96
73,433,097.39

55,434,147.96
266,629,387.25

1,918,770,001.68

1,972,861,691.46

4,589,200.00
2,215,689,058.62 P

4,589,200.00
2,176,657,192.32

LIABILITIES AND EQUITY

332,068,810.75 P
558,679,942.06
56,296,245.20
947,044,998.01

263,127,059.89
471,361,693.12
45,473,622.20
779,962,375.21

1,268,644,060.61
2,215,689,058.62 P
(See accompanying Notes to Financial Statements).

1,396,694,817.11
P2,176,657,192.32

Republic of the Philippines

TARLAC CITY
Province of Tarlac
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year Ended December 31, 2013
(With Comparative Figures of CY 2012)

REVENUES
Local Taxes (Note 13.1)
Permits and Licenses (13.2)
Service Income (Note 13.3)
Business Income (Note 13.4)
Other Income (Note 13.5)
Total Revenue

Less: Operating Expenses

Personal Services (Note 14.1)
Maint. & Other Operating Exp.(Note 14.2)
Financial Expenses (Note 15)
Total Operating Expenses
Income from Operations
Less:
Less: Subsidy to LGU's
Donations
Total Subsidies & Donations
Income before Extraordinary Expenses
NET INCOME

(See Accompanying Notes to Financial Statements).

Republic of the Philippines

TARLAC CITY
Province of Tarlac

ED STATEMENT OF COMPREHENSIVE INCOME

or the year Ended December 31, 2013
With Comparative Figures of CY 2012)

2013

2012

278,758,286.19 P
24,608,571.00
14,290,735.41
26,773,795.14
580,936,517.34
925,367,905.08

253,115,951.28
26,625,688.98
13,863,930.40
18,649,417.95
557,920,679.50
870,175,668.11

322,451,640.95
383,699,902.00
31,032,738.37
737,184,281.32
188,183,623.76

283,573,341.32
386,937,369.70
26,770,521.62
697,281,232.64
172,894,435.47

8,187,550.00
10,902,500.00
19,090,050.00
169,093,573.76
169,093,573.76 P

6,992,000.00
20,884,800.00
27,876,800.00
145,017,635.47
145,017,635.47

See Accompanying Notes to Financial Statements).

Republic of the Philippines

TARLAC CITY
CONSOLIDATED STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
(With Comparative Figures of CY 2012)

Cash Flows from Operating Activities:

Cash Inflows
Collection from Taxpayers
Share from Internal Revenue Collections
Interest Income
Other Receipts
Total Cash Inflow
Cash Outflows
To suppliers/creditors
To employees
Interest Expense
Other Disbursements
Total Cash Outflow
Net Cash from Operating Activities
Cash Flows from Investing Activities:
Cash Inflows:
From Collection of Principal on Loans to Other Entities
Total Cash Inflow
Cash Outflows:
To Purchase/Construct Property, Plant and
Equipment and Public Infrastructures
To Grant/Make Loans to Other Entities
Total Cash Outflow
Net Cash from Investing Activities
Cash Flows from Financing Activities:
Cash Inflows:
From Acquisition of Loan
Total Cash Inflow
Cash Outflows:
Payment of Loan Amortization
Total Cash Outflow
Net Cash from Financing Activities
Net Increase in Cash

Cash at Beginning of the Period

Cash at the End of the Period

P
(See Accompanying Notes to Financial Statements).

lic of the Philippines

ARLAC CITY

STATEMENT OF CASH FLOWS

Ended December 31, 2013
rative Figures of CY 2012)
2013

394,292,964.81
542,911,184.00
48,182.88
24,412,861.38
961,665,193.07

2012

346,774,515.32
517,440,499.00
31,093.86
134,979,359.61
999,225,467.79

456,995,606.19
339,319,218.79
30,035,136.45
84,421,995.60
910,771,957.03
50,893,236.04

440,803,263.36
314,784,426.67
25,755,403.99
87,977,879.95
869,320,973.97
129,904,493.82

4,400,605.43
4,400,605.43

11,993,736.65
11,993,736.65

92,838,953.16
6,686,850.00
99,525,803.16
(95,125,197.73)

157,076,754.73
13,647,450.00
170,724,204.73
( 158 ,730,468.08)

164,594,918.48
164,594,918.48

134,567,484.60
134,567,484.60

77,276,669.54
77,276,669.54
87,318,248.94
43,086,287.25

62,898,267.82
62,898,267.82
71,669,216.78
42,843,242.52

91,302,378.05
134,388,665.30 P

g Notes to Financial Statements).

48,459,135.53
91,302,378,05

City of Tarlac
Consolidated Statement of Government Equity
For the Year Ended December 31, 2013

Government Equity, January 1, 2013

Add/Deduct:Retained Operating
Current Operations
Transfer of Public Infrastructure
Transfer of PPE from Trust Fund to
General Fund
Transfer of prior years deferred credits
erroneously recorded to Trust Fund
Prior Years Adjustment
Government Equity, December 31, 2013

Tarlac
of Government Equity
December 31, 2013

1,396,694,817.11
(128,050,756.50)
169,093,573.76
(41,702,111.80)
-

(88,561.77)
(255,353,656.69)
1,268,644,060.61