ABOT-KAYA PABAHAY FUND

CASH FLOW GUARANTEE COMPONENT

(Under the Administration and Trusteeship of the Philippine Guarantee Corporation)
STATEMENTS OF FINANCIAL POSITION
As at December 31, 2021 and 2020
(In Philippine Peso)
2020

Note 2021 (As Restated)

ASSETS

Current Assets
Cash and Cash Equivalents 5 1,565,134,587 25,129,868
Investment Securities at Amortized Cost 6 722,301,086 2,509,877,664
Financial Assets at FVOCI 6 9,226,064 9,226,064
Receivables 7 512,048,295 563,863,253
Other Current Assets 10 64,728 205,916
2,808,774,760 3,108,302,765

Non-current Assets
Financial Assets at FVOCI 6 785,206 6,683,375
Receivables, net 7 43,819,178 52,975,312
Investment Property, net 8 96,108,565 141,683,704
Property and Equipment, net 9 197,833 197,833
140,910,782 201,540,224

TOTAL ASSETS 2,949,685,542 3,309,842,989

LIABILITIES

Current Liabilities
Financial Liabilities 11 2,765,645 2,033,394
Trust Liabilities 12 1,904,706 551,590
4,670,351 2,584,984

Non-current Liabilities
Inter-agency Payable 13 113,117,808 428,496,972
Deferred Credits/Unearned Income 14 56,023,505 48,384,415
169,141,313 476,881,387

TOTAL LIABILITIES 173,811,664 479,466,371

EQUITY
Government Equity 15.1 1,035,000,000 1,035,000,000
Retained Earnings 15.2 1,740,873,878 1,795,376,618

TOTAL EQUITY 2,775,873,878 2,830,376,618

TOTAL LIABILITIES AND EQUITY 2,949,685,542 3,309,842,989

The Notes on pages 372 to 410 form part of these financial statements.

368
ABOT-KAYA PABAHAY FUND
CASH FLOW GUARANTEE COMPONENT
(Under the Administration and Trusteeship of the Philippine Guarantee Corporation)
STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended December 31, 2021 and 2020
(In Philippine Peso)

2020
Note 2021 (As Restated)

REVENUE
Service and Business Income 17.1 39,599,605 69,052,668
Gains 17.2 203,192 3,701,642
Other Non-operating Income 17.3 3,374 4,020
39,806,171 72,758,330

EXPENSES
Personnel Services 18.1 13,409,360 12,927,848
Maintenance and Other Operating Expenses 18.2 14,575,303 14,052,174
Financial Expenses 18.3 12,625 13,050
Non-cash Expenses 18.4 57,941,526 7,913,406
85,938,814 34,906,478

PROFIT (LOSS) BEFORE TAX (46,132,643) 37,851,852

Income Tax Expense 21 8,370,097 11,247,564

NET INCOME (LOSS) (54,502,740) 26,604,288

Other Comprehensive Income - -

TOTAL COMPREHENSIVE INCOME (LOSS) (54,502,740) 26,604,288

The Notes on pages 372 to 410 form part of these financial statements.

The Notes on pages 369 to 406 form part of these financial statements.

369
ABOT-KAYA PABAHAY FUND
CASH FLOW GUARANTEE COMPONENT
(Under the Administration and Trusteeship of the Philippine Guarantee Corporation)
STATEMENTS OF CHANGES IN EQUITY
For the Years Ended December 31, 2021 and 2020
(In Philippine Peso)

Government Equity Retained Earnings Total

(Note 15.1) (Note 15.2)

BALANCE AT JANUARY 1, 2021 1,035,000,000 1,795,376,618 2,830,376,618

CHANGES IN EQUITY FOR 2021

Add (Deduct):
Comprehensive Loss for the Year - (54,502,740) (54,502,740)
BALANCE AT DECEMBER 31, 2021 1,035,000,000 1,740,873,878 2,775,873,878

BALANCE AT JANUARY 1, 2020, AS REPORTED 1,035,000,000 1,768,793,362 2,803,793,362

ADJUSTMENTS:
Add (Deduct):
Prior Period Errors - (21,032) (21,032)
BALANCE AT JANUARY 1, 2020, AS RESTATED 1,035,000,000 1,768,772,330 2,803,772,330

CHANGES IN EQUITY FOR 2020

Add (Deduct):
Comprehensive Income for the Year - 26,604,288 26,604,288
BALANCE AT DECEMBER 31, 2020 1,035,000,000 1,795,376,618 2,830,376,618

The Notes on pages 372 to 410 form part of these financial statements.

370
ABOT-KAYA PABAHAY FUND
CASH FLOW GUARANTEE COMPONENT
(Under the Administration and Trusteeship of the Philippine Guarantee Corporation)
STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2021 and 2020
(In Philippine Peso)

2020
Note 2021 (As Restated)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash Inflows
Collection of Income/Revenue 1,337,904 274,762
Collection of Receivables 41,954,247 558,153
Trust Receipts 938,890 7,745
Other Receipts 6,775,015 479,579
Total Cash Inflows 51,006,056 1,320,239

Cash Outflows
Payment of Expenses 13,457,630 13,065,112
Prepayments - 41,736
Other Disbursements 344,263,330 247,209
Total Cash Outflows 357,720,960 13,354,057

Net Cash Used in Operating Activities (306,714,904) (12,033,818)

CASH FLOWS FROM INVESTING ACTIVITIES

Cash Inflows
Proceeds from Matured Investments/Redemption of Long-term Investments 2,264,777,939 -
Receipt of Interest Earned 59,144,560 56,216,900
Total Cash Inflows 2,323,922,499 56,216,900

Cash Outflows
Purchase of Investments 477,202,876 43,356,080
Total Cash Outflows 477,202,876 43,356,080

Net Cash Provided by Investing Activities 1,846,719,623 12,860,820

NET INCREASE IN CASH AND CASH EQUIVALENTS 1,540,004,719 827,002

Effects of Exchange Rate Changes on Cash and Cash Equivalents - -
CASH AND CASH EQUIVALENTS, JANUARY 1 5 25,129,868 24,302,866

CASH AND CASH EQUIVALENTS, DECEMBER 31 5 1,565,134,587 25,129,868

The Notes on pages 372 to 410 form part of these financial statements.

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