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DEPARTMENT OF EDUCATION

CONSOLIDATED STATEMENT OF FINANCIAL POSITION


ALL FUNDS
As at December 31, 2016

Note 2016
ASSETS

Current Assets

Cash and Cash Equivalents 3.4, 6 ₱ 13,993,230,541.06 ₱


Investments 7 9,180,798.09
Receivables 8 20,109,845,047.11
Inventories 3.5, 9 5,521,087,461.75
Other Current Assets 10 5,572,508,821.29
Total Current Assets 45,205,852,669.30

Non-Current Assets
Investment Property 3.6, 11 15,309,545.62
Property, Plant and Equipment 3.7, 12 122,264,496,424.69
Biological Assets 13 1,176,167.00
Intangible Assets 3.9, 14 11,698,569.48
Other Non-Current Assets 15 393,478,046.72
Total Non Current Assets 122,686,158,753.51

Total Assets 167,892,011,422.81

LIABILITIES

Financial Liabilities 16 19,378,179,571.28


Inter-Agency Payables 17 9,330,895,935.25
Intra-Agency Payables 18 658,667,402.94
Trust Liabilities 19 1,305,928,229.35
Deferred Credits/Unearned
Income 20 58,789,354.17
Provisions 21 143,122.51
Other Payables 22 6,810,587,042.28

Total Liabilities 37,543,190,657.78


Total Assets Less Total Liabilities 130,348,820,765.03

NET ASSETS/EQUITY
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Note 2016

Accumulated Surplus/Deficit 130,348,820,765.03


TOTAL NET ASSETS/EQUITY p 130,348,820,765.03 p

This statement should be read in conjunction with the accompanying notes.

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DEPARTMENT OF EDUCATION
LIDATED STATEMENT OF FINANCIAL POSITION
ALL FUNDS
As at December 31, 2016

2015

13,034,100,577.63
9,385,793.39
15,780,326,458.16
4,234,229,186.17
4,665,871,897.46
37,723,913,912.81

0.00
110,330,761,123.36
967,229.83
8,354,895.51
301,327,160.13
110,641,410,408.83

148,365,324,321.64

17,987,842,433.40
8,299,222,871.32
1,718,163,087.57
1,022,153,389.46

60,044,647.94
10,760.06
5,482,490,682.96

34,569,927,872.71
113,795,396,448.93

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2015

113,795,396,448.93
113,795,396,448.93

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DEPARTMENT OF EDUCATION
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
ALL FUNDS
For the Year Ended December 31, 2016

Note 2016
REVENUE

Service Income and


Business Income
Shares, Grants and 23 ₱ 1,067,673,689.06 ₱
Donations 24 168,878,342.43
Gains 25 24,040.00
Miscellaneous Income 26 3,539,840.82
Total Revenue 1,240,115,912.31

Less: Current Operating Expenses


Personnel Services 27 294,404,046,929.08
Maintenance and Other
Operating Expenses 28 29,310,347,501.72
Financial Expenses 29 1,874,327.07
Non Cash Expenses 30 4,426,542,472.52
Current Operating Expenses 328,142,811,230.39

Surplus (Deficit) from


Current Operations (326,902,695,318.08)

Net Financial Assistance/


Subsidy 31 347,050,598,477.52
Sales of Assets 32.1 14,989.95
Gains 32.2 6,204,184.29
Losses 32.3 627,692.74

Surplus/(Deficit) for the Period ₱ 20,153,494,640.94 ₱

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Note 2016

This statement should be read in conjunction with the accompanying notes.

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DEPARTMENT OF EDUCATION
SOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
ALL FUNDS
For the Year Ended December 31, 2016

2015

785,859,686.62
80,495,537.56
46,321.62
0.00
866,401,545.80

265,765,105,447.56

27,606,871,938.57
712,016,504.82
2,722,111,016.48
296,806,104,907.43

(295,939,703,361.63)

309,126,522,037.18
6,274.55
9,577,424.30
2,887,646.33

13,193,514,728.07

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2015

ld be read in conjunction with the accompanying notes.

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DEPARTMENT OF EDUCATION
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS/EQUITY
ALL FUNDS
For the Year Ended December 31, 2016

2016 2015

Balance at January 1 ₱ 113,795,396,448.93 ₱ 98,681,252,891.45


Changes in accounting policy (70,904,298.05) (24,985,752.29)
Prior period errors 833,621,885.56 2,102,894,765.92
Other Adjustments (4,245,257,040.31) (121,122,804.24)
Restated Balance 110,312,856,996.13 100,638,039,100.84

Changes in Net Assets/Equity for


the Calendar Year
Adjustment of net revenue
recognized directly in net
assets/equity (117,530,872.04) (36,157,379.98)
Surplus for the period 20,153,494,640.94 13,193,514,728.07
Total recognized revenue and
expense for the period 20,035,963,768.90 13,157,357,348.09

Balance at December 31 ₱ 130,348,820,765.03 ₱ 113,795,396,448.93

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This statement should be read in conjunction with the accompanying notes.

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DEPARTMENT OF EDUCATION
CONSOLIDATED STATEMENT OF CASH FLOWS
ALL FUNDS
For the Year Ended December 31, 2016

Note 2016

Cash Flows From Operating Activities

Cash Inflows
Receipt of Notice of Cash
Allocation (NCA) 33 ₱ 365,182,495,317.99 ₱
Collection of Income/Revenues 722,855,342.04
Receipt of Assistance and
Subsidy from Other NGAs,
LGUs and GOCCs 1,410,519,636.89
Collection of Receivables 22,742,345,686.82
Receipt of Inter-Agency Fund
Transfers 6,786,506,797.90
Receipt of Intra-Agency Fund
Transfers 101,029,222,780.74
Trust Receipts 831,071,689.35
Other Cash Receipts 724,715,059.95
Adjustments 3,458,864,336.50
Total Cash Inflows 502,888,596,648.18

Cash Outflows
Replenishment of Negotiated
MDS Checks (for BTr) 86,451,663.07
Remittance to the National Treasury 965,365,076.36
Payment of Expenses 239,686,352,837.30
Purchase of inventories 1,286,015,524.37
Purchase of Consumable
Biological Assets 0.00
Grant of Cash Advances 13,132,402,250.16
Prepayments 986,849,201.12
Refund of Deposits 142,399,629.00
Payment of Accounts Payables 11,488,941,371.26
Remittance of Personnel
Benefit Contributions and
Mandatory Deductions 136,494,579,565.22

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Note 2016

Grant of Financial Assistance/Subsidy 773,625,445.28


Release of Inter-Agency Fund Transfers 10,587,888,797.12
Release of Intra- Agency Fund Transfers 43,285,649,591.17
Other Disbursements 10,551,705,670.64
Reversal of Unutilized NCA 34 23,545,396,970.10
Adjustments 4,523,342,908.20
Total Cash Outflows 497,536,966,500.37

Net Cash Provided by Operating Activities 5,351,630,147.81

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Note 2016

Cash Flows from Investing Activities

Cash Inflows
Proceeds from Sale/Disposal
of Property, Plant and Equipment 97,838.00
Total Cash Inflows 97,838.00

Cash Outflows
Purchase/Construction of
Investment Property 58,470.36
Purchase/Construction of
Property, Plant and Equipment 3,132,188,255.72
Purchase of Bearer Biological Assets 0.00
Purchase of Intangible Assets 0.00
Grant of Loans 1,260,351,296.30
Total Cash Outflows 4,392,598,022.38

Net Cash Provided by Investing


Activities (4,392,500,184.38)

Increase (Decrease) in Cash and Cash


Equivalents 959,129,963.43

Cash and Cash Equivalents, January 1 13,034,100,577.63

Cash and Cash Equivalents, December 31 ₱ 13,993,230,541.06 ₱

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Note 2016

This statement should be read in conjunction with the accompanying notes.

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DEPARTMENT OF EDUCATION
NSOLIDATED STATEMENT OF CASH FLOWS
ALL FUNDS
For the Year Ended December 31, 2016

2015

306,582,520,514.97
726,899,795.51

443,847,626.24
6,203,426,788.32

17,621,206,314.29

93,563,723,544.24
5,851,020,136.04
618,630,480.05
3,255,752,253.96
434,867,027,453.62

6,704,833.88
658,139,054.80
205,192,614,131.09
785,718,345.78

1,431,963,235.48
8,740,694,663.42
139,718,948.68
48,283,053.40
7,130,783,882.46

127,517,562,479.75

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2015

488,317,705.22
14,711,701,930.73
50,073,321,666.11
2,765,230,823.79
10,116,345,312.55
3,116,845,287.47
432,923,945,354.62

1,943,082,099.01

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2015

67,623.00
67,623.00

10,191,510.79

1,943,497,667.98
24,200.00
15,000.00
1,259,691,063.75
3,213,419,442.52

(3,213,351,819.52)

(1,270,269,720.51)

14,304,370,298.14

13,034,100,577.63

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2015

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DEPARTMENT OF EDUCATION
STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNT
For the Year Ended December 31, 2016

Budgeted Amount
Particulars
Original Final

RECEIPTS Notes
Tax Revenue 3.13 & 3.15 58,355.00 58,355.00
Services and Business Income 3.13 & 3.15 189,200,252.76 189,200,252.76
Assistance and Subsidy 3.13 & 3.15 0.00 0.00
Shares, Grants and Donations 3.13 & 3.15 138,280,609.62 138,280,609.62
Gains 3.13 & 3.15 3,690,126.24 3,690,126.24
Others: 3.15
Other Non-Operating Income 5,080,569.20 5,080,569.20
Other Non-Operating Receipts: 6,191,165,448.87 6,191,165,448.87
Loan Proceeds 0.00 0.00
Total Receipts 6,527,475,361.69 6,527,475,361.69

PAYMENTS
Personnel Services 3.15 273,916,325,000.00 319,039,891,425.02
Maintenance and Other 59,010,077,000.00 73,018,762,320.00
3.15
Operating Expenses
Capital Outlay 3.15 98,179,514,000.00 41,966,521,969.59
Financial Expenses 3.15 0.00 1,726.15
Others 0.00 0.00
Total Receipts 431,105,916,000.00 434,025,177,440.76

NET RECEIPTS/PAYMENT (424,578,440,638.31) (427,497,702,079.07)


Note 3.13 - 3.15: Based from FAR NO. 5 (Receipts)
3.15: Based from No. FAR 1/1A - (Payments)

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DEPARTMENT OF EDUCATION
COMPARISON OF BUDGET AND ACTUAL AMOUNT
For the Year Ended December 31, 2016

Actual Amounts on Difference


Comparable Basis Final Budget and Actual

58,355.00 0.00
395,343,090.40 (206,142,837.64)
0.00 0.00
138,280,609.62 0.00
3,534,753.81 155,372.43

5,095,569.20 (15,000.00)
15,965,331,903.42 (9,774,166,454.55)
0.00 0.00
16,507,644,281.45 (9,980,168,919.76)

286,534,781,808.14 32,505,109,616.88
41,293,841,793.87 31,724,920,526.13

11,655,194,500.21 30,311,327,469.38
1,426.15 300.00
0.00 0.00
339,483,819,528.37 94,541,357,912.39

(322,976,175,246.92) (104,521,526,832.15)

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