CAMOT

Sta

ASSETS AND OTHER DEBITS

Current assets:
Cash & temporary cash investment 14,712,741.90
Notes and accounts receivable 14,203,162.32
Materials and supplies 23,022,090.42
Deferred debits 76,378.72
Other current and accrued assets 463,416.97
Total current assets 52,477,790.33

Non-current assets:
UTILITY PLANT 144,951,564.18
OTHER PROPERTY AND INVESTMENT 3,049,639.10
Total non-current assets 148,001,203.28

TOTAL ASSETS 200,478,993.61

CAMOTES ELECTRIC COOPERATIVE,INC.
Statement of Financial Position
December 31, 2017
LIABILITIES AND OTHER CREDITS
Current liabilities:
LTD & STD-PRINCIPAL & CAP. INTEREST
CURRENT AND ACCRUED LIABILITIES
DEFERRED CREDITS
OTHER CURRENT & ACCRUED LIAB.
Total liabilities

Equities:
EQUITIES AND MARGINS
RESERVES
Total equities

TOTAL LIABILITIES & EQUITIES

ND OTHER CREDITS

29,635,578.11
21,001,590.97
3,963,909.17
1,158,716.60
55,759,794.85

56,383,132.68
88,336,066.08
144,719,198.76

200,478,993.61
Quick Ratio Liquid Current Assets 28,915,904.22
/Current Liabilities /55,759,794.85
0.52 Camotes Inc. is not liquid

Current Ratio Current Asset 52,477,790.33

/ Current Liabilities /55,759,794.85
0.94 Camotes Inc. is not placed

Debt Ratio Total Liabilities 55,759,794.85

/ Total Assets /200,478,993.61
0.29 It indicates that the comp

Equity Ratio Total Equity 144,719,198.76

/ Total Asset /200,478,993.61
0.72 72% of the company asse

Debt Service Coverage Ratio Net operating income -8,256,539.50

/ Debt Services 20,062,316.55
-0.41 Indicates that the owner

Net operating income Operating revenue 114,255,817.20

minus Operating Expenses 122,512,356.70
-8,256,539.50

Debt Services current debt 19,468,590.22

plus interest expenses 593,726.33
20,062,316.55
Camotes Inc. is not liquid enough and has no enough quick asset to pay its current liabilities

Camotes Inc. is not placed well to placed all its debts

It indicates that the company has a good debt ratio. The company has more assets than debt. The higher the ratio makes it more difficul

72% of the company assets more funding in equity than debt

Indicates that the owner must contribute additional funds to pay for the annual loan payments
he ratio makes it more difficult to borrow money
Note 1-CASH & TEMPORARY CASH INVESTMENT

1.Cash in Bank - General Fund 11,827,534.20

2.Cash in Bank - Savings-Catmon (30.42)
3.Cash in Bank - Subsidy Fund 748,196.43
4.Cash in Bank - WC-One Month 50,000.00
5.Cash in Bank - VAT 45,873.13
6.Cash in Bank - Universal Charge 21,284.72
7.Cash on Hand 1,890,855.51
8.Cash in Bank - Other Fund 120,028.33
9.Petty Cash Fund 9,000.00
Total Cash 14,712,741.90

Note 2 - NOTES & ACCOUNTS RECEIVABLE

22. Notes Receivable

23. Consumer A/R - Energy 10,766,102.76
24. Allowance for Uncollectible Accts. (503,248.30)
25. Net Consumer Acct. Receivable 10,262,854.46
26. Consumer A/R - Others -
27. Total Consumer Acct. Receivable 10,262,854.46
28. Other Accounts Receivable 3,434,551.13
29. Advances to Officers & Employees 404,552.36
30. Due from other REC's 101,204.37
31. Total Notes & Accts. Receivable 14,203,162.32

Note 3- MATERIALS & SUPPLIES

32. Mat. & Supplies - Electric 19,075,070.05

33. Mat. & Supplies - Special Equipment 39,791.20
34. Mat. & Supplies - Others 3,535,944.63
35. Office Supplies 311,710.03
36. Stores Expense Undistributed 59,574.51
37. Total Materials & Supplies 23,022,090.42

Note 4- DEFERRED DEBITS

41. Deferred Charges - LF Available -

42. Other Deferred Debits 76,378.72
43. Total Deferred Debits 76,378.72

Note 5- OTHER CURRENT & ACCRUED ASSETS

38. Prepayments 463,416.97

39. Misc. Current and Accrued Assets -
40. Total Other Current & Accd. Assets 463,416.97

Note 6- UTILITY PLANT

1. Gross Utility Plant 94,022,515.71

2. Appraisal Increment -
3. Assume. Depreciation 15,239,860.34
4. Assume. Depreciation(Appraisal Incr.) -
5. Net Utility Plant 78,782,655.37
6. Construction Work in Progress 66,168,908.81
7. Total Utility Plant 144,951,564.18

Note 7- OTHER PROPERTY AND INVESTMENT

8. Non- Utility Property -

9. Other Investment -
10. Restricted Fund
10.1 Membership Fund 70,715.32
10.2 Sinking Fund for Loan Amort. -
10.3 Sinking Fund - Reinvestment 144,480.74
10.4 Retirement Fund 2,057,369.67
10.5 Consumer's Bill Deposit 748,138.66
10.6 Pantawid Kuryente 28,934.71
10.7 Total Restricted Fund 3,049,639.10
11. Total Other Property & Investment 3,049,639.10

Note 8 - LTD & STD-PRINCIPAL & CAP. INTEREST

50. RE-E -
51. RE - A(HQ) 154,935.00
52. RE - E(HQ) 32,741.00
53. RE-F, G, H, I & K 18,957,535.87
54. Logistics (L2) -
55. CEBECO II/CEVECA -
Total Loans Payable 19,145,211.87
56. Consumer's Deposit 10,490,366.24
57. Total Long Term/Short Term Debts 29,635,578.11

Note 9 - CURRENT AND ACCRUED LIABILITIES

58. Notes Payable -

59. Accounts Payable - Power 7,577,570.97
60. Accounts Payable - Others 7,292,879.38
61. Accounts Payable - PSALM 820,923.25
62. Due to Other REC's -
63. Interest Accrued - Energy Dep. -
64. Interest Accrued - KWH Meter Dep. -
65. Interest Accrued-Long & Short Term Debt -
66. Interest Accrued-Short Term Debt -
67. Matured Long Term Debt -
68. Matured Interest Payable -
69. Interest Payable-Current 323,378.35
70. Withholding Tax Payable 189,399.24
71. Output VAT Payable 4,797,439.78
72. Total Current & Accrued Liab. 21,001,590.97

Note 10 - DEFERRED CREDITS

74. Consumer Adv. For Construction 1,310,925.04

75. Consumers Energy Prepayments
76. Other Deferred Credits 2,652,984.13
77. Total Deferred Credits 3,963,909.17

Note 11- OTHER CURRENT & ACCRUED LIAB.

73. Misc. Current & Accrued Liab. 1,158,716.60

Note 12 - EQUITIES AND MARGINS

42. Membership 121,955.00

43. Donated Capital 110,978,285.01
44. Consumers Contain to Debt Serve.
45. Contribution in Aid of Quonset's. 55,574,883.69
46. Revaluation Increment
47. Other Equities & Margins
48. Appropriated Margins

48.1 Current Year (8,700,138.19)

48.2 Prior Years (101,591,852.83)
48.3 Total Unappropriated Margins (110,291,991.02)
49. Total Equities and Margins 56,383,132.68

Note 13 - RESERVES

79. Accounts Payable - NEA-POWER SUB (15,500.00)

80. Short Term Debt-Prov. of Cebu -
81. Accounts Payable - NEA-SEP SUBSIDY 60,192,097.08
82. Accounts Payable - NEA CALAMITY 28,159,469.00
Total reserves 88,336,066.08