Trust Fund

BALANCE SHEET

Fund  401

As of December 31, 2010

(With Comparative Figures for CY 2009)

2010

2009

ASSETS

CURRENT ASSETS

CASH

Cash in Banks - Local Currency

Cash in Banks - Local Currency, Current Account

1,641,836.98

1,383,320.04

Total Cash

1,641,836.98

1,383,320.04

RECEIVABLES

Receivable Accounts

Real Property Tax Receivables

-

-

Intra-agency Receivables

Due from Other Funds

78,238.00

78,238.00

Total Receivables

78,238.00

78,238.00

INVENTORIES

Supplies

Accountable Forms Inventory

-

-

Total Inventories

-

-

TOTAL CURRENT ASSETS

1,720,074.98

1,461,558.04

PROPERTY, PLANT AND EQUIPMENT (Net of Depreciation)

LAND AND LAND IMPROVEMENTS

Land and Land Improvements

510,076.50

510,076.50

BUILDINGS

Markets and Slaughterhouses

-

Office Buildings

2,397,394.45

2,397,394.45

Other Structures

783,297.50

783,297.50

Total Buildings

3,690,768.45

3,690,768.45

OTHER PROPERTY, PLANT AND EQUIPMENT

Other Property, Plant and Equipment

138,000.00

138,000.00

TOTAL PROPERTY, PLANT AND EQUIPMENT

138,000.00

138,000.00

OTHER ASSETS

Other Assets

Total Other Assets

TOTAL ASSETS

5,548,843.43

5,290,326.49

LIABILITIES

CURRENT LIABILITIES

Payable Accounts

Accounts Payable

-

-

Inter-Agency Payables

Due to BIR

20,064.26

215,025.24

Due to PHILHEALTH

-

-

Due to Other NGAs

197,526.18

197,526.18

Due to Other GOCCs

975.00

975.00

Due to LGUs

315,168.15

315,168.15

Intra-Agency Payables

Due to Other Funds

448,951.03

381,249.53

Other Liability Accounts

Other Payables

801,800.36

432,330.36

Total Current Liabilities

1,784,484.98

1,542,274.46

DEFERRED CREDITS

Deferred Real Property Tax Income

-

-

Total Deferred Credits

-

-

EQUITY

Government Equity- Beg.

3,748,052.03

3,710,768.68

Add; Interest Earned

16,306.42

37,283.35

Government Equity, December 31, 2009

3,764,358.45

3,748,052.03

TOTAL LIABILITIES AND EQUITY

5,548,843.43

5,290,326.49