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    PRC2019 FS

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    DonaldDeLeon
    This document contains the financial statements of Pinagkaisa Realty Corporation for the years ending December 31, 2019 and 2018. It shows that the company had total assets of PHP 4.1 billion in 2019, down from PHP 4.4 billion in 2018. Total liabilities were PHP 175 million in 2019 and PHP 233 million in 2018. Net income was PHP 945 million in 2019 compared to PHP 997 million in 2018. Cash decreased from PHP 1.7 billion in 2018 to PHP 620 million in 2019 primarily due to the placement of funds in treasury bills and dividend payments.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    PRC2019 FS

    Uploaded by

    DonaldDeLeon
    42 views4 pages
    This document contains the financial statements of Pinagkaisa Realty Corporation for the years ending December 31, 2019 and 2018. It shows that the company had total assets of PHP 4.1 billion in 2019, down from PHP 4.4 billion in 2018. Total liabilities were PHP 175 million in 2019 and PHP 233 million in 2018. Net income was PHP 945 million in 2019 compared to PHP 997 million in 2018. Cash decreased from PHP 1.7 billion in 2018 to PHP 620 million in 2019 primarily due to the placement of funds in treasury bills and dividend payments.

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    PRC FS

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    This document contains the financial statements of Pinagkaisa Realty Corporation for the years ending December 31, 2019 and 2018. It shows that the company had total assets of PHP 4.1 billion in 2019, down from PHP 4.4 billion in 2018. Total liabilities were PHP 175 million in 2019 and PHP 233 million in 2018. Net income was PHP 945 million in 2019 compared to PHP 997 million in 2018. Cash decreased from PHP 1.7 billion in 2018 to PHP 620 million in 2019 primarily due to the placement of funds in treasury bills and dividend payments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    42 views4 pages

    PRC2019 FS

    Uploaded by

    DonaldDeLeon
    This document contains the financial statements of Pinagkaisa Realty Corporation for the years ending December 31, 2019 and 2018. It shows that the company had total assets of PHP 4.1 billion in 2019, down from PHP 4.4 billion in 2018. Total liabilities were PHP 175 million in 2019 and PHP 233 million in 2018. Net income was PHP 945 million in 2019 compared to PHP 997 million in 2018. Cash decreased from PHP 1.7 billion in 2018 to PHP 620 million in 2019 primarily due to the placement of funds in treasury bills and dividend payments.

    Copyright:

    © All Rights Reserved
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    You are on page 1of 4

    PINAGKAISA REALTY CORPORATION

    (A Subsidiary of the National Development Company)


    STATEMENTS OF FINANCIAL POSITION
    December 31, 2019 and 2018
    (In Philippine Peso)

    Note 2019 2018

    ASSETS

    Current Assets
    Cash 3 620,510 1,684,139
    Investments 4 999,132 0
    Receivables 5 255,854 448,651
    Other assets 6 5,245 6,827
    1,880,741 2,139,617
    Non-current Assets
    Investment property 7 2,251,600 2,251,600

    TOTAL ASSETS 4,132,341 4,391,217

    LIABILITIES AND EQUITY

    Current Liabilities
    Inter-agency payables 8 142,378 230,649
    Other payables 9 32,687 2,844
    175,065 233,493

    Equity 3,957,276 4,157,724

    TOTAL LIABILITIES AND EQUITY 4,132,341 4,391,217

    The notes on pages 9 to 21 form part of these statements.

    5
    PINAGKAISA REALTY CORPORATION
    (A Subsidiary of the National Development Company)
    STATEMENTS OF COMPREHENSIVE INCOME
    For the Years Ended December 31, 2019 and 2018
    (In Philippine Peso)

    Note 2019 2018

    BUSINESS INCOME
    Lease income 12 2,256,741 2,256,741
    OPERATING EXPENSES
    Personnel services
    Salaries and wages 76,732 80,681
    Other compensation
    Mid-year/year-end bonus 12,789 13,447
    Personnel economic relief assistance 3,000 3,000
    Cash gift 625 625
    Other bonuses and allowances 1,875 625
    95,021 98,378
    Maintenance and other operating expenses
    Taxes, insurance premiums and other fees 460,555 462,882
    Professional services 13 114,309 101,690
    Office supplies expenses 5,898 5,940
    Utility expenses 3,294 3,040
    Traveling expenses 1,779 1,040
    Communication expenses 48 95
    Other maintenance and operating expenses 14 155,072 83,373
    740,955 658,060
    TOTAL OPERATING EXPENSES 835,976 756,438

    INCOME FROM OPERATIONS 1,420,765 1,500,303


    FINANCE INCOME (EXPENSES), net 15 (9,698) (13,693)

    INCOME BEFORE TAX 1,411,067 1,486,610


    INCOME TAX EXPENSE (465,236) (489,236)

    NET INCOME/TOTAL COMPREHENSIVE INCOME 945,831 997,374

    The notes on pages 9 to 21 form part of these statements.

    6
    PINAGKAISA REALTY CORPORATION
    (A Subsidiary of the National Development Company)
    STATEMENTS OF CHANGES IN EQUITY
    For the Years Ended December 31, 2019 and 2018
    (In Philippine Peso)

    Share Capital Retained Earnings Total Equity


    (Note 10)

    Balance at December 31, 2017 2,251,600 2,083,923 4,335,523

    Changes in Equity for 2018


    Net income 0 997,374 997,374
    Dividends 0 (1,175,173) (1,175,173)
    Balance at December 31, 2018 2,251,600 1,906,124 4,157,724

    Changes in Equity for 2019


    Net income 0 945,831 945,831
    Dividends 0 (1,146,279) (1,146,279)

    Balance at December 31, 2019 2,251,600 1,705,676 3,957,276

    The notes on pages 9 to 21 form part of these statements.

    7
    PINAGKAISA REALTY CORPORATION
    (A Subsidiary of the National Development Company)
    STATEMENTS OF CASH FLOWS
    For the Years Ended December 31, 2019 and 2018
    (In Philippine Peso)

    Note 2019 2018

    CASH FLOWS FROM OPERATING ACTIVITIES


    Collection of income 2,364,727 2,133,740
    Receipt of interest earned 949 5,329
    Payment of operating expenses (325,712) (407,302)
    Other disbursements (958,411) (589,442)
    Net cash flows provided by operating activities 1,081,553 1,142,325

    CASH FLOWS FROM INVESTING ACTIVITIES


    Placement in treasury bills (999,132) 0
    Net cash flows used in investing activities (999,132) 0

    CASH FLOWS FROM FINANCING ACTIVITIES


    Payment of dividends 11 (1,146,279) (1,175,173)
    Unclaimed dividends reverted back to cash 229 202
    Net cash flows used in financing activities (1,146,050) (1,174,971)

    NET DECREASE IN CASH (1,063,629) (32,646)

    CASH AT BEGINNING OF YEAR 1,684,139 1,716,785

    CASH AT END OF YEAR 3 620,510 1,684,139

    The notes on pages 9 to 21 form part of these statements.

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