METROPOLITAN MANILA DEVELOPMENT AUTHORITY

STATEMENT OF FINANCIAL POSITION

ALL FUNDS
As at December 31, 2022
In Philippine Peso

Note 2022 2021

Restated
ASSETS

Current Assets
Cash and Cash Equivalent 5 5,652,596,377.45 6,044,177,434.46
Receivables 6 168,359,713.20 171,114,606.44
Inventories 7 261,540,652.36 147,188,073.02
Other Current Assets 10 322,745,569.61 589,749,786.58
Total Current Assets 6,405,242,312.62 6,952,229,900.50

Non- Current Assets

Property, Plant and Equipment 8 16,586,856,277.55 14,678,138,705.53
Intangible Assets 9 183,465,299.61 141,703,346.31
Total Non Current Assets 16,770,321,577.16 14,819,842,051.84

Total Assets 23,175,563,889.78 21,772,071,952.34

LIABILITIES

Current Liabilities
Financial Liabilities 11 1,410,278,526.74 1,880,211,849.94
Inter - Agency Payables 12 855,822,184.37 945,766,516.98
Trust Liabilities 13 2,259,856.29 852,554.73
Deferred Credits/Unearned Income 14 852,702.00 852,702.00
Other Payables 15 26,872,092.61 62,796,081.66
Total Current Liabilities 2,296,085,362.01 2,890,479,705.31

Total Liabilities 2,296,085,362.01 2,890,479,705.31

Net Assets (Total Assets Less Total Liabilities) 20,879,478,527.77 18,881,592,247.03

NET ASSETS/EQUITY

Government Equity 20,879,478,527.77 18,881,592,247.03

Total Net Assets/Equity 20,879,478,527.77 18,881,592,247.03

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

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 METROPOLITAN MANILA DEVELOPMENT AUTHORITY
STATEMENT OF FINANCIAL PERFORMANCE
ALL FUNDS
For The Year Ended December 31, 2022
In Philippine Peso

Note 2022 2021

(Restated)
Revenue

Service and Business Income 16 174,738,886.31 168,032,047.45

Shares, Grants and Donations 17 1,151,987,550.14 1,588,422,929.20
Total Revenue 1,326,726,436.45 1,756,454,976.65

Less: Current Operating Expenses

Personnel Services 18 1,946,511,812.05 1,808,966,235.97

Maintenance and Other Operating Expenses 19 5,426,200,142.24 5,362,663,401.60
Financial Expenses 20 3,173,505.27 36,607.26
Non-Cash Expenses 21 1,419,661,528.26 1,063,496,514.20
Total Current Operating Expenses 8,795,546,987.82 8,235,162,759.03

Surplus/(Deficit) from Current Operations (7,468,820,551.37) (6,478,707,782.38)

Other Non-operating Income 23 789,886.33 1,000,000.00

Gains 23 26,241,757.34 1,720,445,113.35
Losses 23 10,917,818.03 4,851,166.51
Net Financial Assistance/Subsidy 22 9,450,593,006.47 8,186,199,266.99

Net Surplus/(Deficit) for the period 1,997,886,280.74 3,424,085,431.45

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

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 METROPOLITAN MANILA DEVELOPMENT AUTHORITY
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
ALL FUNDS
For The Year Ended December 31, 2022
In Philippine Peso

2022 2021
(Restated)

BALANCE AT JANUARY 1 18,881,592,247.03 15,540,375,719.67

ADJUSTMENTS:
Add/(Deduct):
Change in accounting policy
Prior period errors
Other adjustments - (82,868,904.09)
RESTATED BALANCE AT JANUARY 1 18,881,592,247.03 15,457,506,815.58

Changes in Net Assets/Equity for the Calendar Year

Add/(Deduct):
Surplus/(Deficit) for the period 1,997,886,280.74 3,424,085,431.45
Adjustment of net revenue recognized directly in net assets/equity
Others -
BALANCE AT DECEMBER 31 20,879,478,527.77 18,881,592,247.03

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 METROPOLITAN MANILA DEVELOPMENT AUTHORITY
STATEMENT OF CASH FLOWS
ALL FUNDS
For The Year Ended December 31, 2022
In Philippine Peso

Notes 2022 2021

(Restated)
Cash Flows from Operating Activities

Cash Inflows 24
Collection of Income/Revenue 935,298,008.18 718,507,576.86
Receipt of Assistance/Subsidy 9,322,558,780.17 8,096,119,657.79
Collection of Receivables 56,155,885.54 3,042,054.61
Receipt of Inter-Agency Fund Transfers 1,606,598,917.26 447,648,000.00
Receipt of Intra-Agency Fund Transfers 129,468,679.49 96,334,269.03
Trust Receipts 14,308,602.84 13,656,986.71
Other Receipts 2,270,345.91 11,793,750.48
Total Cash Inflows 12,066,659,219.39 9,387,102,295.48
Adjustments 90,504,090.35 138,173,325.29
Adjusted Cash Inflows 12,157,163,309.74 9,525,275,620.77

Cash Outflows 24
Payment of Expenses 2,547,799,409.63 3,451,381,313.65
Purchase of Inventories 7,919,133.25 26,574,846.00
Grant of Cash Advances 228,799,576.58 240,734,006.38
Payment of Accounts Payable 4,545,968,394.76 2,613,985,298.84
Remittance of Personnel Benefit Contributions
and Mandatory Deductions 1,004,064,050.48 807,308,906.85
Grant of Financial Assistance/Subsidy/Contribution 3,000.00 -
Release of Inter-Agency Fund Transfers 12,982,013.24 8,596,156.87
Other Disbursements 4,025,254,108.57 1,701,637,372.94
Total Cash Outflows 12,372,789,686.51 8,850,217,901.53
Adjustments 139,181,135.72 212,721,365.16
Adjusted Cash Outflows 12,511,970,822.23 9,062,939,266.69

Net Cash Provided by/(Used in) Operating Activities (354,807,512.49) 462,336,354.08

CASH FLOWS FROM INVESTING ACTIVITIES

Cash Inflows - -

Cash Outflows
Purchase/Construction of Property, Plant and
Equipment 20,984,693.19 68,486,733.66
Purchase of Intangible Assets - 23,566,762.49
Total Cash Outflows 20,984,693.19 92,053,496.15

Net Cash Provided by/(Used in) Investing Activities (20,984,693.19) (92,053,496.15)

CASH FLOWS FROM FINANCING ACTIVITIES

Cash Inflows - -

Cash Outflows
Payment of Long-Term Liabilities 20,138,924.67 -
Total Cash Outflows 20,138,924.67 -

Net Cash Provided by/(Used in) Financing Activities (20,138,924.67) -

Net Cash Provided by/(Used in) Operating, Investing and

(395,931,130.35) 370,282,857.93
Financing Activities

Effects of Exchange Rate Changes on Cash and Cash Equivalents 4,350,073.34 4,083,951.35

Cash and Cash Equivalents, January 1 6,044,177,434.46 5,669,810,625.18

Cash and Cash Equivalents, December 31 5,652,596,377.45 6,044,177,434.46

This statement should be read in conjunction with the accompanying notes

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 METROPOLITAN MANILA DEVELOPMENT AUTHORITY
STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS
ALL FUNDS
For The Year Ended December 31, 2022
In Philippine Peso

Budgeted Amount Actual Amounts on Difference Final

Particulars
Original Final Comparable Basis Budget and Actual

Note
RECEIPTS
Service and Business Income 16 135,212,000.00 135,212,000.00 174,738,886.31 (39,526,886.31)
Assistance and Subsidy 22 3,475,198,000.00 3,475,198,000.00 9,450,593,006.47 (5,975,395,006.47)
Shares, Grants and Donations 17 764,046,000.00 764,046,000.00 1,151,987,550.14 (387,941,550.14)
Gains 23 - - 26,241,757.34 (26,241,757.34)
Total Receipts 4,374,456,000.00 4,374,456,000.00 10,803,561,200.26 (6,429,105,200.26)

PAYMENTS 25
Personnel Services 2,113,379,000.00 2,019,408,746.55 1,893,424,267.05 125,984,479.50
Maintenance and Other
Operating Expenses 4,947,837,000.00 4,891,807,253.45 4,117,806,700.02 774,000,553.43
Capital Outlay 2,990,726,000.00 3,140,726,000.00 979,656,670.81 2,161,069,329.19
Financial Expenses - - 3,173,505.27 (3,173,505.27)
10,051,942,000.00 10,051,942,000.00 6,994,061,143.15 3,057,880,856.85

NET RECEIPTS/PAYMENTS (5,677,486,000.00) (5,677,486,000.00) 3,809,500,057.11 (9,486,986,057.11)

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