DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT

STATEMENT OF FINANCIAL POSITION

ALL FUNDS CLUSTERS
AS OF DECEMBER 31, 2019

Note 2019 2018 (restated)

ASSETS
Current Assets
Cash and Cash Equivalents 6 15,099,710,661.36 19,264,852,205.71
Receivables 7 14,638,106,186.23 31,588,946,639.52
Inventories 8 2,680,177,020.68 2,739,638,819.38
Other Current Assets 12.1 3,033,308,084.61 543,343,745.97
Total Current Assets 35,451,301,952.88 54,136,781,410.58
Non-Current Assets
Property, Plant and Equipment 9 44,249,605,420.77 42,982,185,264.46
Biological Assets 10 158,300.00 158,300.00
Intangible Assets 11 17,343,601.28 37,827,064.46
Other Non-Current Assets 12.2 84,565,848.20 166,919,765.31
Total Non-Current Assets 44,351,673,170.25 43,187,090,394.23
TOTAL ASSETS 79,802,975,123.13 97,323,871,804.81

LIABILITIES
Current Liabilities
Financial Liabilities 13 8,617,222,577.46 6,707,900,604.65
Inter-Agency Payables 14 947,721,374.25 1,159,363,898.50
Intra-Agency Payables 15 298,232,903.77 571,709,375.50
Trust Liabilities 16 162,133,244.14 121,304,099.72
Total Current Liabilities 10,025,310,099.62 8,560,277,978.37

Non-Current Liabilities
Trust Liabilities 16 95,498,903.44 61,190,751.93
Deferred Credits 17 889,831.18 816,191.50
Other Payables 18 19,326,774,366.14 43,835,715,282.37
Total Non-Current Liabilities 19,423,163,100.76 43,897,722,225.80

Total Liabilities 29,448,473,200.38 52,458,000,204.17

Total Assets less Total Liabilities 50,354,501,922.75 44,865,871,600.64

NET ASSETS/EQUITY
Accumulated Surplus/(Deficit) 50,354,501,922.75 44,865,871,600.64
Total Net Assets/Equity 50,354,501,922.75 44,865,871,600.64

This statement should be read in conjunction with the accompanying notes.

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 DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT
STATEMENT OF FINANCIAL PERFORMANCE
ALL FUNDS CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2019

Note 2019 2018 (restated)

Revenue
Service and Business Income 19 63,325,693.02 52,825,251.40
Shares, Grants and Donations 20 101,879,346.02 85,849,219.87
Other Non-Operating Income 21 52,939,823.45 8,329,054.50
Total Revenue 218,144,862.49 147,003,525.77

Less: Current Operating Expenses

Personnel Services 22 6,861,488,971.43
Maintenance and Other Operating Expenses 23 9,532,554,176.79
Financial Expenses 24 161,671,518.23
Non-Cash Expenses 25 319,177,668.32
Current Operating Expenses 16,874,892,334.77
6,186,168,356.86
9,033,079,538.30
519,780,615.65
323,858,115.68
16,062,886,626.49

Surplus/(Deficit) from Current Operations (16,656,747,472.28) (15,915,883,100.72)

Net Financial Assistance/Subsidy to NGAs, LGUs, GOCCs 27,336,931,904.79 13,917,387,089.12

Sale of Assets 109,390.00 194,535.92
Gains 12,544,547.23 284,053,282.79
Losses (43,759,613.69) (98,953,391.74)
Surplus/(Deficit) for the period 10,649,078,756.05 (1,813,201,584.63)

This statement should be read in conjunction with the accompanying notes.

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 DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
ALL FUNDS CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2019

2019 2018 (restated)

Balance at January 1 44,865,871,600.64 48,453,538,682.71

Changes in Accounting Policy - -
Prior Period Adjustment - -
Other Adjustments - -
Restated Balance 44,865,871,600.64 48,453,538,682.71

Changes in Net Assets/Equity for the Calendar Year

Adjustment of net revenue recognized directly in net assets/equity
Surplus for the period 10,649,078,756.05 (1,813,201,584.63)
Adjustments (1,520,101,789.90) -
Others (3,640,346,644.04) (1,774,465,497.44)

Balance at December 31 50,354,501,922.75 44,865,871,600.64

This statement should be read in conjunction with the accompanying notes.

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CONDENSED STATEMENT OF CASH FLOWS (COMPARATIVE)
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2019

2019 2018 (restated)

Cash Flows From Operating Activities
Cash Inflows
Receipt of Notice of Cash Allocation 161,791,980,198.47 163,199,217,166.28
Collection of Income/Revenues 77,445,449.20 85,084,317.71
Receipt of Assistance and Subsidy from Other NGAs, LGUs and GOCCs 767,360.00 1,861,352.77
Collection of Receivables 72,191,246.20 38,788,448.31
Receipt of Inter-Agency Fund Transfers 1,583,445,040.24 266,716,056.44
Receipt of Intra-Agency Fund Transfers 3,358,669,265.30 3,352,217,016.02
Trust Receipts 67,432,978.27 112,483,070.37
Other Receipts 1,170,371,374.97 1,365,997,495.17
Adjustments 446,159,222.06 117,293,989.61
Total Cash Inflows 168,568,462,134.71 168,539,658,912.68
Cash Outflows
Replenishment of Negotiated MDS Checks (for BTr) - -
Remittance to National Treasury 3,716,195,054.20 2,313,073,148.27
Payment of Expenses 16,563,158,940.50 15,727,120,725.94
Purchase of Inventories 886,152,832.25 947,434,383.15
Grant of Cash Advances 22,671,594,268.28 8,057,974,062.09
Prepayments 9,026,115.06 20,665,641.85
Refund of Deposits 136,904,084.13 19,788,502.90
Payment of Accounts Payables 1,663,203,074.64 1,811,498,793.78
Remittance of Personnel Benefit Contributions and Mandatory Deductions 1,757,967,349.49 1,686,288,054.93
Grant of Financial Assistance/Subsidy 77,742,710,579.92 54,489,487,505.57
Release of Inter-Agency Fund Transfers 12,620,458,751.09 56,486,477,817.43
Release of Intra-Agency Fund Transfers 21,169,863,211.12 27,511,016,972.55
Other Disbursements 1,980,174,397.05 83,702,769.03
Adjustments 10,745,571,163.65 4,127,923,269.67
Total Cash Outflows 171,662,979,821.38 173,282,451,647.16
Cash Provided by (Used in) Operating Activities (3,094,517,686.67) (4,742,792,734.48)

Cash Flows from Investing Activities

Cash Inflows
Proceed from Sale/Disposal of Property, Plant and Equipment 242,651.78 189,739.92
Total Cash Inflows 242,651.78 189,739.92
Cash Outflows
Purchase/Construction of Property, Plant and Equipment 1,038,119,189.54 503,256,149.08
Total Cash Outflows 1,038,119,189.54 503,256,149.08
Net Cash Provided By (Used In) Investing Activities (1,037,876,537.76) (503,066,409.16)

Cash Flows From Financing Activities

Cash Inflows
Cash Provided By (Used In) Financing Activities - -

Increase (Decrease)in Cash and Cash Equivalents (4,132,394,224.43) (5,245,859,143.64)

Effects of Exchange Rate Changes on Cash and Cash Equivalents (32,747,319.92) 182,541,917.24

Add: Cash Balance, Beginning January 1 19,264,852,205.71 24,328,169,432.11

- -
Cash Balance, Ending December 31 15,099,710,661.36 19,264,852,205.71

This statement should be read in conjunction with the accompanying notes.