ANNUAL REPORT

1 Name of Proprietor: RUTH D. ANGELES

2 Business Address : B8,L17-18, Ecology Subd. Calangcawan, Vinzons, Camarines Norte

3 Other Business : None

4 Person/s who prepared the Annual Report

Name Title/Position Address Telephone Number

Melanie R. De la Torre BOOKKEEPER Pob. Norte, Paracale, 09395783824

5 VESSELS WITH VALID PA/CPC/SP OPERATED DURING THE YEAR:

Total No. of Vessels: ____ 1 Total GRT: 5 Total DWT: N/A

Category
(Owned/Bareboat Gross Tonnage Deadweight Type of Operation
Vessel Name
Charterd/Lease- (GT) (DWT) (Liner/Tramper)
Purchased)

Mbca Calaguas Cruiser Passenger Ship 5 N/A Liner

(The owner/operator may use separate sheet if the vessels operated are more than ten)

6 MANPOWER- Fill in the different manpower categories listed below:

Monthly average number of administrative and support personnel whose wages are:

Minimum Wage Above Minimum but below P1,000 Above 1,500

Reserved personnel/manpower for the period:

Licensed Officer Regular Crew Apprentice

Deck 1 1
Engine 1 1 2

(1-C)
7. OPERATIONS DATA OF VESSELS OPERATED DURING THE PERIOD

Vessels Name: Mbca Calaguas Cruiser GRT 5 DWT N/A

Utilization Rate:

Commision days 0

Non-commisionable days 0

*Drydocked 365 Days

*Afloat Repairs
Number of days laid
Total No. of Days 365 Days

MILEAGE PERFORMANCE

Nautical miles run for the period none

Number of voyages for the period none

VESSEL MANPOWER - Average monthly manpower of the vessels

License Officer Regular Crew Apprentice

Deck
1 1
Engine
1 1 2

Note: This pages must be accomplished per vessel

(2-C)
INCOME STATEMENT BY VESSEL - For each vessel operated during the period.

INCOME STATEMENT FOR M/V / Mbca Calaguas Cruiser

For the period December 31, 2018

LAST THIS
YEAR YEAR
OPERATING REVENUE
Passenger revenue 55,000.00
Freight revenue
Other Operating revenue

Totak operating revenue 55,000.00

LESS: VESSEL OPERATING EXPENSES

Fuel 16,500.00
Lubricants 4,000.00
Vessel depreciation 5,000.00
Repairs and maintenance 15,000.00
Stevedoring and wharf labor
Salaries and wages
Insurance expense 4,500.00
Pilotage 4,000.00
Port chrages
Taxes and License 2,500.00
Miscellaneous expenses
Other operating expenses

Total vessel operating expenses 51,500.00

NET INCOME FROM VESSEL OPERATION Php 3,500.00

(3-C)
 INCOME STATEMENT FOR M/V / Mbca Calaguas Cruiser
For the period DECEMBER 31, 2018

LAST THIS
YEAR YEAR
OPERATING REVENUE
Passenger revenue 55,000.00
Freight revenue
Other Operating revenue

Total operating revenue

55,000.00
LESS: VESSEL OPERATING EXPENSES
Fuel
Lubricants 16,500.00
Vessel depreciation 4,000.00
Repairs and maintenance 5,000.00
Stevedoring and wharf labor 15,000.00
Salaries and wages
Insurance expense
Pilotage 4,500.00
Port chrages 4,000.00
Taxes and License
Miscellaneous expenses 2,500.00
Other operating expenses

Total vessel operating expenses

51,500.00
GENERAL AND ADMINISTRATIVE EXPENSE
Salaries and wages
Office supplies
Light, water and Telephone
Bad debts
Depreciation expense
Insurance expense
Employee benefit
Miscellaneous expense
Other general and administrative expense

Total general and administrative expense

NET INCOME (LOSS) FROM OPERATION 3,500.00

ADD/(LESS) OTHER INCOME/ (EXPENSE)
Interest income
Others

NET INCOME 3,500.00

(4-C)
 BALANCE SHEET
As of DECEMBER 31, 2018

LAST THIS
YEAR YEAR
CURRENT ASSETS
Cash 20,000.00
Receivables
Spare parts, materials and supplies 8,500.00
Prepaid expense

Total current assets 28,500.00

PROPERTY AND EQUIPMENT (NET) 175,000.00
OYHER ASSETS

TOTAL ASSETS 203,500.00

LIABILITIES
Payables
Other surrent liabilities

Total current liabilities

Long term liabilities

TOTAL LIABILITIES 0

OWNERS EQUITY
Ruth D. Angeles Capital 250,000.00
Less: Drawings 50,000.00
200,000.00
Add: Net Income for the Period 3,500.00

TOTAL OWNERS EQUITY 203,500.00

TOTAL LIABILITIES AND OWENERS EQUITY 203,500.00

(5-C)
 SCHEDULE OF PREPAYMENTS
As of December 31, 2018

Recipient Amount

SPARE PARTS, MATERIALS AND SUPPLIES

Inventory of all items of spare parts, materials and supplies property classified at the end
of every operating period

Item Amount
Life Jacket 8,500.00

(6-C)
 SCHEDULE OF ACCOUNTS PAYABLE AND NOTES PAYABLE
As of December 31, 2018

NAME OF CREDITOR Date of Maturity Amount

SCHEDULE OF ACCRUED EXPENSE

As of ________________________________

Item Amount
(7-C)
 SCHEDULE OF PROPERTY EQUIPMENT

HISTORICAL COST APPRAISAL INCREMENT

PROPERTY /EQUIPMENT ACQUISITION COST CAPITALIZED ASSUMED SCRAP/ ACCUMULATED APPRAISAL ACCUMULATED NET APPRAISAL
DATE START OF ESTIMATED NET BOOK VALUE LATEST YEARS
ACQUIRED OPERATION IN ₱ SERVICE LIFE SERVICE LIFE SALVAGES VALUE DEPRECIATION IN ₱ ₱ 000 OF APPRAISAL INCREMENT DEPRECIATION INCREMENT IN
000 IN ₱ 000 000 IN ₱ 000 IN ₱ 000 ₱ 000

Vessels Jan-18 Jan-18 180,000 10 yrs 5, 000 175,000

(8-C)
 CARGO AND PASSENGER TRAFFIC REPORT
For all type of vessel

(1) VOYAGE (2) (3) (4) (5) (6) (7) (8) PASSENGER (9)
NO. DATE STARTED ROUTE PORT LEG CARGO CARRIED FREIGHT CARRIED PASSENGER
& REVENUE
END OF VOYAGE
CU.M. M.T.
1 04-14-2018 Paracale- Leg 1
to Calaguas 1 class
04-15-2018 -Paracale 2 class
3 class 11000
2 04-21-2018 Paracale- Leg 1
to Calaguas 1 class
04-22-2018 -Paracale 2 class
3 class 11000
3 04-28-2018 Paracale- Leg 1 1 class
to Calaguas
04-29-2018 -Paracale 2 class
3 class 11000
4 05-05-2018 Paracale- Leg 1 1 class
to Calaguas
05-06-2018 -Paracale 2 class
3 class 11000
5 05-12-2018 Paracale- Leg 1 1 class
to Calaguas
05-13-2018 -Paracale 2 class
3 class 11000

55000
How to Accomplish:

On a per vessel basis, the above column numbers shall refer to:

(1) Trip number

(2) Duration of one round trip
(3) Authorized route
(4) Link covered by route
(5) Cargo carried in terms of cu.m. cargoes carried in terms of weight (m.t.) shall be likewise reflected in
terms of cu.m in this column. Put in another way . The same cargo in column 6 shall be reflected in
column 5 express in cu.m.
(6) Cargo carried in terms of m.t. cargoes carried in terms of volume (cu.m.) shall be likewise refelcted in
terms of m.t. in this column. Put it another way , the same cargo in column 5 shall be reflected in
column 6 expressed in m.t.
(7) Revenue per link
(8) Passenger by class i.e. number class accomodation
(9) Passenger revenue corresponding to reflected number by class accomodation in column 8

(9-C)
 GENERAL REMARKS

State hereunder any strike, accident or injury to any persons or damage to any property, the causes and result
thereof or any other occurance of materials during the period covered by this report.

SUPERVISION AND REGULATION FEES

1. Has the utility paid the supervision and regulation fees to the MARINA corresponding to the year
which this report is filed? ____________________
(Yes or No)

Amount Paid P ______________________

Number and Date of Official Receipt _______________________________

2. If the utility had any unpaid supervision and regulation fees, state the amount and year below.

YEAR AMOUNT

₱
₱
₱
₱
₱

(10-C)
 INDEPENDENT ACCOUNTANT'S CERTIFICATION

I/ We have examined the Balance Sheet of RUTH D. ANGELES as of December 31, 2018 and the
related Income Statement for the year then ended, together with the supporting schedules, as set fort in this
Annual Report to be filled with me MARITIME INDUSTRY AUTHORITY pursuant to section 17 (h) of
Commonwealth Act No. 146 as amended. My examination was made in accordance with generally accepted
auditing standards, and accordingly included such test of the accounting records and such auditing
procedures as I considered necessary in the circumstances.

In my opinion, the said Balance Sheet and Income Statement present fairly position at December 31,
2018 and the results of operation for the year then ended of December 31, 2018 in comformity with the
generally accepted accounting principles applied o a basis consistent with that of the proceeding year.

SHERWIN DE VIANA (CPA)

Certified Public Accountant

CPA License No. _______________________

August 7,2019
Date

Place

(11-C)
 OATH BY CHIEF OPERATING OFFICER

REPUBLIC OF THE PHILIPPINES

Province of CAMARINES NORTE
Municipality of PARACALE

I, RUTH D. ANGELES, Paracale, Camarines Norte hereby made oath and say that I am
the Proprietor of Mbca Calaguas Cruiser, that I have carefully examined the foregoing report,
that I believe that the all statemens of facts contained in the said report are true and that the
said report is correct and complete statement of business and affairs of the above proprietor
during the period from January 1, 2018 to December 31, 2018.

RUTH D. ANGELES
Signature of Affiant

Subscribed and sworn to before me this day of Affiant exhibited to

me his/her Residence Certificate No. issued at
on ____________________________.

Notary Public

(12-C)