DEPARTMENT OF FOREIGN AFFAIRS

STATEMENT OF FINANCIAL POSITION

All Funds
As at December 31, 2022
(In Philippine Peso)

Note 2022 2021

As Restated
ASSETS
Current Assets
Cash and Cash Equivalents 6 12,207,362,452.37 10,006,737,011.80
Receivables 7 1,949,370,935.49 2,262,251,519.87
Inventories 8&9 481,935,362.26 387,263,457.65
Other Current Assets 12 1,157,878,105.95 833,880,512.30
Total Current Assets 15,796,546,856.07 13,490,132,501.62

Non-Current Assets
Property, Plant and Equipment 10 16,442,805,874.91 15,889,172,156.20
Intangible Assets 11 17,416,448.91 25,520,076.30
Total Non-Current Assets 16,460,222,323.82 15,914,692,232.50

Total Assets 32,256,769,179.89 29,404,824,734.12

LIABILITIES

Current Liabilities
Financial Liabilities 13.1 1,465,219,345.18 1,816,066,422.51
Inter-Agency Payables 14 2,946,924,712.28 2,896,572,072.62
Intra-Agency Payables 15 236,966,136.89 200,748,652.56
Trust Liabilities 16 291,738,674.36 325,133,315.05
Deferred Credits/Unearned Income 17 98,250.00 98,250.00
Other Payables 18 680,312,753.77 718,068,602.12
Total Current Liabilities 5,621,259,872.48 5,956,687,314.86

Non-Current Liabilities
Financial Liabilities 13.2 96,057,203.92 96,057,203.92
Total Non-Current Liabilities 96,057,203.92 96,057,203.92

Total Liabilities 5,717,317,076.40 6,052,744,518.78

Total Assets less Total Liabilities 26,539,452,103.49 23,352,080,215.34

NET ASSETS/EQUITY
Accumulated Surplus/(Deficit) 26,539,452,103.49 23,352,080,215.34
Total Net Assets/Equity 26,539,452,103.49 23,352,080,215.34

See accompanying Notes to Financial Statements

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 DEPARTMENT OF FOREIGN AFFAIRS
STATEMENT OF FINANCIAL PERFORMANCE
All Funds
For the Year Ended December 31, 2022
(In Philippine Peso)

Note 2022 2021

As Restated
Revenue
Service and Business Income 19 7,396,023,216.33 5,650,743,718.03
Other Non-Operating Income 20 82,017,276.40 67,162,351.62
Total Revenue 7,478,040,492.73 5,717,906,069.65

Less: Current Operating Expenses

Personnel Services 21 8,952,068,896.97 8,642,531,443.97
Maintenance and Other Operating Expenses 22 8,568,432,986.11 7,395,282,096.27
Financial Expenses 23 45,785,135.42 35,334,482.58
Non-Cash Expenses 24 339,442,030.22 323,580,444.14
Total Current Operating Expenses 17,905,729,048.72 16,396,728,466.96

Surplus/(Deficit) from Current Operations (10,427,688,555.99) (10,678,822,397.31)

Net Financial Assistance/Subsidy 25 19,775,519,338.92 16,729,529,201.80

Gains 26.1 1,298,488,814.19 962,996,121.43
Losses 26.2 (608,214,056.90) (309,640,791.48)

Surplus/(Deficit) for the period 10,038,105,540.22 6,704,062,134.44

See accompanying Notes to Financial Statements

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 DEPARTMENT OF FOREIGN AFFAIRS
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
All Funds
For the Year Ended December 31, 2022
(In Philippine Peso)

Note 2022 2021

As Restated

Balance at January 1 23,352,080,215.34 18,826,213,198.21

Changes in accounting policy 4 (88,429,750.71)
Prior period errors 5 3,437,785,832.89
Other adjustments 6,483,240.88
Restated balance 23,352,080,215.34 22,182,052,521.27

Changes in net assets/equity for the Calendar Year

Surplus/(Deficit) for the period 10,038,105,540.22 6,704,062,134.44
Adjustment of net revenue
recognized directly in net
assets/equity 31 (6,850,733,652.07) (5,472,604,855.69)
Others - (61,429,584.68)
3,187,371,888.15 1,170,027,694.07
Balance at December 31 26,539,452,103.49 23,352,080,215.34

See accompanying Notes to Financial Statements

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 DEPARTMENT OF FOREIGN AFFAIRS
STATEMENT OF CASH FLOWS
All Funds
For the Year Ended December 31, 2022
(In Philippine Peso)

Note 2022 2021

As Restated
Cash Flows From Operating Activities
Cash Inflows
Receipt of Notice of Cash Allocation 27.1 19,160,369,149.42 16,113,337,022.07
Collection of Income/Revenues 27.2 7,716,238,848.77 5,901,165,511.26
Receipt of Assistance and Subsidy from
Other NGAs, LGUs and GOCCs 27.3 1,135,811,104.36 111,208,390.67
Collection of Receivables 27.4 35,617,103.48 29,991,123.68
Receipt of Inter-Agency Fund Transfers 27.5 10,294,272.38 18,638,945.61
Receipt of Intra-Agency Fund Transfers 27.6 13,805,542,395.14 12,833,141,382.72
Receipt of Trust Liabilities 27.7 9,621,650.32 15,208,857.78
Other Receipts 27.8 3,420,772,665.58 4,001,354,530.38
Adjustments 27.9 15,558,632.98 9,814,644.50
Total Cash Inflows 45,309,825,822.43 39,033,860,408.67

Cash Outflows
Remittance to National Treasury 28.1 268,919.20 214,726.43
Payment of Expenses 28.2 12,584,994,948.74 12,174,882,187.71
Purchase of Inventories 28.3 3,058,259,377.58 2,041,453,431.79
Grant of Cash Advances 28.4 314,929,759.95 441,032,463.95
Prepayments 28.5 173,518,388.92 95,169,480.28
Payment of Deposits 28.6 18,999,249.45 11,415,700.25
Payment of Accounts Payable 28.7 1,348,488,228.89 1,228,978,989.38
Remittance of Personnel Benefit and
Mandatory Contributions 28.8 1,036,969,562.43 916,851,327.67
Grant of Financial Assistance/Subsidy 28.9 568,604,535.40 883,730,666.55
Release of Inter-Agency Fund Transfers 28.10 356,408,917.02 179,066,363.92
Release of Intra-Agency Fund Transfers 28.11 14,319,181,584.35 12,720,184,024.70
Other Disbursements 28.12 703,186,150.93 784,631,111.63
Reversal of Unutilized NCA 28.13 2,076,103,752.16 2,091,207,100.67
Adjustments 28.14 6,045,992,680.28 5,598,437,234.80
Total Cash Outflows 42,605,906,055.30 39,167,254,809.73

Net Cash Provided by (Used in) Operating Activities 2,703,919,767.13 (133,394,401.06)

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 Note 2022 2021
As Restated

Cash Flows from Investing Activities

Cash Inflows
Proceeds from Sale/Disposal of Property,
Plant and Equipment 29 1,481,737.15 1,055,892.14
Total Cash Inflows 1,481,737.15 1,055,892.14

Cash Outflows
Purchase/Construction of Property, Plant
and Equipment 30 504,776,063.71 186,602,505.15
Total Cash Outflows 504,776,063.71 186,602,505.15

Net Cash Provided By (Used In) Investing Activities (503,294,326.56) (185,546,613.01)

Increase (Decrease) in Cash and Cash Equivalents 2,200,625,440.57 (318,941,014.07)

Cash and Cash Equivalents, January 1 10,006,737,011.80 10,325,678,025.87

Cash and Cash Equivalents, December 31 12,207,362,452.37 10,006,737,011.80

See accompanying Notes to Financial Statements

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 DEPARTMENT OF FOREIGN AFFAIRS
CONSOLIDATED STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNT
For the Year Ended December 31, 2022
(In Philippine Peso)

Budgeted Amount Actual Amounts on Difference Final

Particulars Note
Original Final Comparable Basis Budget and Actual
RECEIPTS
Service and Business Income 5,613,091,508.00 5,613,091,508.00 7,003,262,966.00 (1,390,171,458.00)
Others:
Non-Operating Income 88,212,492.00 88,212,492.00 101,986,876.00 (13,774,384.00)
TOTAL RECEIPTS 32 5,701,304,000.00 5,701,304,000.00 7,105,249,842.00 (1,403,945,842.00)
PAYMENTS
Personnel Services 9,069,817,000.00 9,683,541,968.00 8,814,872,249.09 868,669,718.91
Maintenance and Other Operating
Expenses 11,687,387,000.00 16,112,865,513.75 7,740,425,962.57 8,372,439,551.18
Financial Expenses 24,946,000.00 53,959,284.94 45,223,757.20 8,735,527.74
Capital Outlays 979,004,000.00 1,893,882,491.53 464,952,611.61 1,428,929,879.92
TOTAL PAYMENTS 32 21,761,154,000.00 27,744,249,258.22 17,065,474,580.47 10,678,774,677.75

NET RECEIPTS/PAYMENTS (16,059,850,000.00) (22,042,945,258.22) (9,960,224,738.47) (12,082,720,519.75)

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