MISAMIS ORIENTAL-I RURAL ELECTRIC SERVICE COOPERATIVE INC.

Note

REVENUE FROM OPERATIONS

UTILITY OPERATING REVENUE
Industrial
Residential
Commercial
Public Building and street lightning
11
OTHER OPERATING REVENUE 20. 1

COST OF POWER 18, 20.3

GROSS OPERATING MARGIN
OPERATING AND MAINTENANCE EXPENSE 21
Administrative and general
Consurner services
Operations and maintenance

OPERATING MARGIN BEFORE DEPRECIATION AND FINANCE COST

Depreciation and Finance cost
Depreciation and amortization 9
Finace Cost 16

NET OPERATING MARGIN

Non -operating revenue 20.2
TOTAL MARGIN BEFORE DONATIONS AND CONTRIBUTIONS
DONATIONS AND CONTRIBUTIONS 20,2
Donated capital- NEA/DOE - net 14
Reinvestrnent fund for Sustainable CAPEX 15
NET INCOME
OTHER COMPREHENSIVE LOSS 17
TOTAL COMPREHENSIVE INCOME

MISAMIS ORIENTAL-I RURAL ELECTRIC SERVICE COOPERATIVE, INC.

SEPARATE STATEMENTS OF FINANCIAL CONDITION
DECEMBER 31, 2021 ANO 2020

ASSETS Note
NON-CURRENT ASSETS
Utility plant, property and equipment net 5
Investment in subsidiary 6
financial assets at FVPL 7
financial assets FVOCI net 8
Other assets-net 9
Total non-current assets
CURRENT ASSETS
Cash 10
Receivables net 11
Materials and Installation supplies -net 12
Prepayments
Total Current Assets
Total Assets

MEMBERS' EQUITY AND LIABILITIES

Members Equity 13 14 15
Liabilities
Non-Current Liabilities
Non current portion of loans payable 16
Retirement liability 17
Total Non current liabilities

Current liabilities
Accounts payable and accrued expenses 18
Consumers deposit 19
Current portion of loans payable 16
Total current liabilities
Total Liabilities

MISAMIS ORIENTAL-I RURAL ELECTRIC SERVICE COOPERATIVE INC.

SEPARATE STATEMENTS OF CASH FLOWS
POR THE YEARS ENDED DECEMBER 31, 2021 AND 2020
Note
CASH FLOWS FROM OPERATING Activities
Margins
Adjustment for:
Depreciation and amortization 5,9
Finance Costs 16
Provision Of retirement liability 17
Provision for obsolete inventory 12
Income from government grant 20
Share in net income from investment in subsidiary 6
Unrealized loss (gain) on financial assets at FVPL 7
Operating margin before Working capital changes
Decrease (Increase) in assets:
Receivables induces RFSC)
Materials and installation supplies
Prepayments
Other assets
Increase (Deccrease) in liabilities:
Accounts payable and accrued expenses
Consumers' deposit

Net cash provided by operations

Retirement Contribution

Retirement benefits paid from books reserves 17

Finance Cost paid 16
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES 6
Dividends receive' from investment in subsidiary
Additions to utility plant, property and equipment 5
increase in restricted funds
Addition to intangible assets 9

Cash used in investing activities

CASH FLOWS FROM FINANCING Activities

additions to donated capital 14

Additonal members' contributions 13
Loan availments 16
Loan payment 16
net cash provided by financing activities
NET INCREASE (DECREASE) IN CASH
CASH JANUARY1
CASH DECEMBER 31

Note

As at January 1,2021
Additions during the year 13,14,15
Return of unutilized subsidy fund
Income from government grant 5,20
Margin
other comprehensive loss 17
As at December 31,2021
As at January 1,2020
Additions during the year 13,14,15
Income from government grant 5,20
Margin
As at December 31, 2020
 2021 2020

₱ 71,849,375,697 ₱ 1 ,532,819,124
928, 306,168 841,953,725
407,275,540 379,103,708
98,626,592 100,646,525
3,283,583,997 2,854,523,082
74,519,161 46,541,732
3,358,103,158 2,901,064,814
2,997,238,020 2,450,157,014
360,865,138 450,907,800

262,132,948 280,806,094
40,701,112 34,973,150
38,206,021 33,380,037
341,040,081 349,159,281
19,825,057 101,748,519

150,159,902 144,222,267
61,939,775 59,638,630
212,099,677 203,861,297
-192,274,620 -102,112,778
56,488,256 67,500,144
-135,786,364 -34,612,634

45,214,864 26,006,406
160,495,519 149,074,248
205,710,383 175,080,654
69,924,019 140,468,020
-24,404,097 -
₱45,519,922 ₱140,468,020

2021 2020

₱ 1,449,260,980 ₱ 448,326,919
255,608,458 242,061,604
38,673,309 40,510,167
34,231,000 34,231,00
798,773,688 764,090,222
2,576,547,435 2,529,219,912

310,137,409 251,780,272
471,877,145 366,863,754
114,687,564 111,170,681
893,977 765,867
897,596,095 730,580,574
₱ 3,474,143,530 ₱3,259,800,486

1,749,081,261 1,721,533,947

844,955,225 860,296,231
92,577,033 60,265,932
937,532,258 920,532,163

544,072,604 375,945,441
129,904,748 122,896,268
113,552,669 118,892,667
 787,530,011 617,734,376
1,725,062,269 ₱1,538,266,539
₱ 3,474,143,530 ₱3,259,800,486

2020 2021

(₱135,786,364) (₱34,612,634)
150,159,902 144,222,667
61,939,775 59,422,456
13,092,459 10,422,456
- 1,630,099
-17,602,347 -24,825,299
-27,233,044 -22,730,323
1,836,858 -1,050,599
46,407,239 132,694,997
55,482,128 111,173,300
-3,516,883 1,133,675
-128,110 131,209
21,481,785 -8,822,414
167,727,450 49,879,523

7,008,470 11,055,194
294,462,079 297,245,484

-167,650 -
-4,987,485 -13,722,103
-61,939,775 -59,638,630
227,366,849 223,884,751

13,686,190 10,265,456

-149,969,736 -166,744,361
 -57,289,748 -36,063,793
- -1,090,232
-193,573,024 -193,632,930

45,214,864 26,006,406
29,452 28,490
389,199,215 110,990,197
-409,880,219 -112,917,897
24,563,312 24,107,196
58,357,137 54,359,017
251,780,272 197,421,255
₱ 310,137,409 ₱ 251,780,272

Member's Contributions Donated Capital Reinvestment fund for sustainable CAPEX

₱576,111 ₱305,184,439 ₱1,290,220,743

29,452 45,214,864 160,495,519
- -399,713 -
- -17,602,347 -
- - -
- - -
₱605,563 ₱332,397,243 ₱1,450,716,262
₱547,621 ₱304,003,332 ₱1,141,146,495
28,490 26,006,406 149,074,248
- -24,825,299 -
- - -
₱576,111 ₱305,184,439 ₱1,290,220,743
Unappropriated
Remeasurement
Margin on defined benefit obligation
Total

₱122,654,968 ₱2,897,686 ₱1,721,533,947

- - 205,739,835
- - -399,713
- - -17,602,347
135,786,364 - -135,786,364
- -24,404,097 -24,404,097
-13,131,396 (₱21,406,411) ₱1,749,081,261
157,267,602 ₱2,897,686 ₱1,605,862,736
- - 175,109,144
- - -24,825,299
-36,612,634 - -34,612,634
₱122,654,968 ₱2,897,686 ₱1,721,533,947