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SFPOS

This financial statement from the Division of City Schools in San Carlos City, Pangasinan presents their assets, liabilities, and net assets as of December 31, 2021 with comparatives from 2020. As of 2021, their total assets were 637.5 million pesos, total liabilities were 8.8 million pesos, and net assets were 628.6 million pesos, representing an increase in net assets from 2020. Their assets consisted primarily of cash, receivables, inventories, and property, plant, and equipment.

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Shaira May Dela Cruz
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60 views1 page

SFPOS

This financial statement from the Division of City Schools in San Carlos City, Pangasinan presents their assets, liabilities, and net assets as of December 31, 2021 with comparatives from 2020. As of 2021, their total assets were 637.5 million pesos, total liabilities were 8.8 million pesos, and net assets were 628.6 million pesos, representing an increase in net assets from 2020. Their assets consisted primarily of cash, receivables, inventories, and property, plant, and equipment.

Uploaded by

Shaira May Dela Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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DIVISION OF CITY SCHOOLS

San Carlos City, Pangasinan


STATEMENT OF FINANCIAL POSITION
REGULAR AGENCY FUND
As at December 31, 2021
(With Comparative Figures from CY 2020)
(In Philippine Peso)

Note 2021 2020


ASSETS
Current Assets
Cash and Cash Equivalents 60,000.00 25,000.00
Investments - -
Receivables 4,734,104.15 359,770.98
Inventories 100,115,136.31 32,616,251.81
Other Current Assets 24,702.50 877,660.78
Total Current Assets 104,933,942.96 33,878,683.57

Non-Current Assets
Investments - -
Property, Plant and Equipment 531,565,992.37 492,881,921.46
Intangible Assets 10,000.00 -
Other Non-Currents Assets 987,132.00 987,132.00
Total Non-Current Assets 532,563,124.37 493,869,053.46

Total Assets 637,497,067.33 527,747,737.03

LIABILITIES

Current Liablilities
Financial Liabilities 8,626,981.04 14,451,228.48
Intra-Agency Payables - 1,116,606.45
Inter-Agency Payables - 700,765.59
Trust Liabilities 221,814.02 -
Deferred Credits/Unearned Income - -
Other Payables - -

Total Current Liabilities 8,848,795.06 16,268,600.52

Non-Current Liabilities
Total Non-Current Labilities - -

Total Liabilities 8,848,795.06 16,268,600.52

Total Assets Less Total Liabilities 628,648,272.27 511,479,136.51

NET ASSETS/EQUITY
Accumulated Surplus/(Deficit) 628,648,272.27 511,479,136.51

Total Net Assets/Equity 628,648,272.27 511,479,136.51

(This statement should be read in conjunction with accompanying notes)

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