Notes to Cash Flow Statement

a) Cash and Cash Equivalent

Cash and cash equivalents consist of cash on hand, balances

with banks, and investment in time deposits. Cash and cash
equivalents included in the cash flow statement comprise the
following statement of financial position amounts:

2017

Cash on hand and balances with banks 353,775.86

Cash Equivalents
353,775.86

The entity has undrawn borrowing facilities of P000, of

which P000 must be used in infrastructure projects.

b) Reconciliation of Net Cash Flows from Operating Activities to Surplus/(Deficit)

2017
Surplus/(Deficit) (38,526.37)
Non-cash transactions
Depreciation 25,744.59
Amortization of Intangible Assets
Impairment Loss
Decrease in current liabilities (1,228,872.56)
Increase in other payables -
(Gains) Losses on Sale of PPE
(Gains) Losses on Sale of Investments
Increase in current assets
Increase in investments due to revaluation
Decrease in receivables 1,251,963.05
Prior Period Adjustment 0.33
Net Cash from Operating Activities 10,309.04

Certified Correct:

AIMIE G. AGAN, CPA

Municipal Accountant
Notes to Cash Flow Statement
a) Cash and Cash Equivalent

Cash and cash equivalents consist of cash on hand, balances

with banks, and investment in time deposits. Cash and cash
equivalents included in the cash flow statement comprise the
following statement of financial position amounts:

2017

Cash on hand and balances with banks 1,629,905.11

Cash Equivalents
1,629,905.11

The entity has undrawn borrowing facilities of P000, of

which P000 must be used in infrastructure projects.

b) Reconciliation of Net Cash Flows from Operating Activities to Surplus/(Deficit)

2017
Surplus/(Deficit) (128,482.39)
Non-cash transactions
Depreciation 9,721.92
Amortization of Intangible Assets Depreciation -
Impairment Loss Total
Decrease in Payables (82,130.41)
Increase in other payables 6,396.09
(Gains) Losses on Sale of PPE Advances for O
(Gains) Losses on Sale of Investments
Increase in assets due to reclassification Payables
Increase in investments due to revaluation Accounts Paya
Decrease in receivables 9,925.00
Prior Period Adjustment (79,543.00)
Net Cash from Operating Activities (264,112.79)

Other Payable

Certified Correct:

AIMIE G. AGAN, CPA

Municipal Accountant
Notes to Cash Flow Statement
a) Cash and Cash Equivalent

Cash and cash equivalents consist of cash on hand, balances

with banks, and investment in time deposits. Cash and cash
equivalents included in the cash flow statement comprise the
following statement of financial position amounts:

2017

Cash on hand and balances with banks 63,959,803.82

Cash Equivalents
63,959,803.82

The entity has undrawn borrowing facilities of P000, of which

P000 must be used in infrastructure projects.

b) Reconciliation of Net Cash Flows from Operating Activities to Surplus/(Deficit)

2017
Surplus/(Deficit) 12,747,601.55
Non-cash transactions
Depreciation 3,001,685.56
Amortization of Intangible Assets
Impairment Loss
Increase in payable 10,690,713.34
Increase in other payables 32,354.91
(Gains) Losses on Sale of PPE
(Gains) Losses on Sale of Investments
Decrease in current assets 151,766.71
Increase in investments due to revaluation
Decrease in receivables 9,346,472.35
Increase in receivables
Prior Period Adjustment (11,355,141.51)
Net Cash from Operating Activities 24,615,452.91

Certified Correct:

AIMIE G. AGAN, CPA

Municipal Accountant