Republic of the Philippines ‘COMMISSION ON AUDIT Commonwealth Avenue, Quezon City ANNUAL AUDIT REPORT on the CLARK INTERNATIONAL AIRPORT CORPORATION For the Year Ended December 31, 2016Republic ofthe Pilpines COMMISSION ON AUDI ‘Cominaneath Avene Quezon Cy INDEPENDENT AUDITOR'S REPORT: The OIC Presiden and Acting Chit Eaecutive Ofer (lak tteratoal Aiport Coneeaton| ‘Crk, Pampanga We have sudied the accompanying finial stements of de lak tnerationst Apart Coporaion, a gene) atshed to the Depunmon of Vespa al CConsmuncatons (DOTC), which compre the stacnen of func Poon aa December 3, 2016, an the sree Of plo ss, satemen of changes in ty ad satencal of east Dows forthe year thn ead and summary of signa ‘counting pls and er expla inna. Management's Responsibly or the Pinca Somers Management is esponsile forthe preparation ale preseattion of dane Sai shen are ih sae acu pn gray mc able the preparation of naa ements tt ar ree fan teri insane, ‘whether dat fd or en Audi's Rsposiiiny lt We contd or avn accordance with Pipe Public Set Santas ot ‘Audting, howe state eque tat we comply wih eal rogers aad plan tapi the aut Yo ohn raomable arse ab hor the nual Stents ate rom til isieme. An aut iavoves perfrming rocedie to bin ait cides abou the amounts ad Solin the Gnu ttnel The procedures Slee depeb 00 the aulie's judgment ncn the escesnent of erik of mtr misltermens of the ata erent, wheter de ofa o ero In making tos sk assesses, te aor ansies fatal con! rectact oth en's preparation ad fa reseiton a he ‘insistent nto he pupose of eesing an opinion onthe fective ofthe ely nena contol An wat alo ides evaluating the appropriateness of ‘couing pls tan! ani he esonblenss of necouning estes hae DY management ar welar Causing he over presctatin he Gsacil stares‘We bsive tt the mit evidence we have oii i acct and appr to ovie stasis or ou aif suit opin ss for Quaid Opinion We rendered a quali opiion on the fines of the preenatin of fia staeents because the coecnes ofthe Property, Plan and Exuipmeat feeling Things, Buiding Improvements Lan! improve ual Copstcania Proges) ss Decne 31, 2016 witha ne hook vale of P75 98-4.0 or 3 tol PPE SF PL98RA64313 as of December 1, 2016 ronal anil dat cere tea coat of 7579985, 92036 whch veal fn lack of cxnton Inco brontoring. and reper between he Acowntig, Department te oper) Deparment, cnt COd Citar Ns 86134 dated omay 18, 1980 Auditors Opinion on et tas of he ae ed ee for Quad ‘Opinion pra, the Brusca sttemets preset fay inl mata sop the ‘ancl poston of Clark tmeratonal Aron Copan ss x December, 206 {nd is Gran perfrmance and eah ows fore are ended in acta ‘th ste ccountng princes erry ascot i he Pipes (ur suit was condosted fe he pups of foiag a pion on the basi amit ‘aements ten asa whole. The sppementay lforaton oxen: tesa cess fees pl or cor! ding te table year desi) Ia Note 28 to the sani Snements presen for purposes of ling wih he Bure of neal Reveoe aod ‘ota eed pt of he bse fil scent Sch supplementary informa {he eaponaty of manage The iafraton ts bor atected Wc ding [roselare appl fa er nut of le be Tart shcretn ow opinion, the [nfomaton ts tily sna i all trl respec, intl to the bse faa & oP