SUMMARY OF FINANCIAL RATIOS (Historical)

Account Name
Business Address
Audited by:
Comparative Analysis - last 3 years and Interim F/S
Indicators
(In Million Pesos)
2017 2018 2019
SOLVENCY & CAPITAL ADEQUACY
Total Assets 396,033,567.97 424,021,489.83 440,626,639.53
Total Liabilities 170,874,174.10 158,685,379.55 135,612,786.04
Equity 225,159,393.87 265,336,110.28 305,013,853.49
Debt to Equity Ratio 43:57 37:63 31:69
Debt Service Cover 6.87 3.89 5.36
Risk Assets 297,933,282.35 339,873,465.41 359,319,863.89
Risk Asset Ratio 75.23% 80.15% 81.55%

LIQUIDITY
Current Assets 153,439,432.55 136,893,194.09 151,881,814.76
Current Liabilities 110,065,424.43 97,551,453.25 76,621,886.98
Fixed Assets 242,594,135.42 287,128,295.74 288,744,824.77
Net Working Capital 43,374,008.12 39,341,740.84 75,259,927.78
Current Ratio 2.32:1 2.67:1 3.25:1
Quick Ratio 1.39:1 1.4:1 1.98:1

PROFITABILITY
Revenue 153,568,364.42 166,026,170.88 179,359,859.18
Financing Cost 1,921,093.49 1,615,164.30 1,207,498.57
Gross Revenue 135,865,405.91 153,568,364.42 166,026,170.88 179,359,859.18
Revenue Growth Rate 11.53% 7.50% 7.43%
Gross Expense 145,410,754.21 180,026,060.99 165,758,936.99
Net Income 17,048,636.12 10,694,298.07 21,319,310.78 16,260,661.23
Net Income Growth Rate -59.42% 49.84% -31.11%
Net Income Margin 14.36 7.79 11.03
Return on Equity (ROE) 4.75% 8.03% 5.33%
 CLASS B
18-Feb-21
MUNICIPAL GOVERNMENT OF MATANAO
Poblacion Matanao, Davao del Sur
Commission on Audit (COA)

AUDITED BIR-FILED FS As of Interim FS

31-Dec-20 2017 2018 2019 31-Dec-20

512,108,278.12 396.03 424.02 440.63 512.11

184,605,837.90 170.87 158.69 135.61 184.61
327,502,440.22 225.16 265.34 305.01 327.50
36:64 43:57 37:63 31:69 36:64
5.96 6.87 3.89 5.36 5.96
368,860,934.19 297.93 339.87 359.32 368.86
72.03% 75.23% 80.15% 81.55% 72.03%

218,269,304.15 153.44 136.89 151.88 218.27

117,014,275.39 110.07 97.55 76.62 117.01
293,838,973.97 242.59 287.13 288.74 293.84
101,255,028.76 43.37 39.34 75.26 101.26
2.77:1 2.32:1 2.67:1 3.25:1 2.77:1
1.87:1 1.39:1 1.4:1 1.98:1 1.87:1

199,795,805.13 153.57 166.03 179.36 199.80

723,286.95 1.92 1.62 1.21 0.72
199,795,805.13 153.57 166.03 179.36 199.80
10.23% 11.53% 7.50% 7.43% 10.23%
245,908,005.26 145.41 180.03 165.76 245.91
27,234,616.77 10.69 21.32 16.26 27.23
40.29% -59.42% 49.84% -31.11% 40.29%
7.34 14.36 7.79 11.03 7.34
8.32% 4.75% 8.03% 5.33% 8.32%

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