Zaldy Rodriguez
$5/hr
Financial Statement Preparation/Bookkeeping/Data Management/Recruitment/Lead Generation
- Reply rate:
- -
- Availability:
- Hourly ($/hour)
- Age:
- 47 years old
- Location:
- Silay City, Negros Occidental, Philippines
- Experience:
- 16 years
INTERNATIONAL CARE MINISTRY OF THE PHILIPPINES INCORPORATED
No. 4 San Juan Street, Bacolod City
BALANCE SHEET
As of May 31, 2008
(With Comparative Figures for-
ASSETS
Current AssetsCash on hand and in bank - Note 3
Accounts receivable and other receivable - Note 4
Inventory
Prepaid insurance
Prepaid rent
P
Total Current Assets
2007
3,897,413.60 P
2,814,-,600.00
5,-,767.95
3,556,056.03
3,031,354.85
7,-,940.61
7,755,343.96
6,993,809.34
Noncurrent AssetsDue to livelihood
-
Property and Equipment, net - Note 5
24,092,889.25
Deferred charges
-
3,147,-,812,-,335.80
TOTAL ASSETS
P
31,848,233.21 P
31,225,737.38
LIABILITIES AND FUND BALANCE
Current LiabilitiesAccounts payable & other accrued expenses - Note 6
P
85,355.99 P
341,072.35
85,355.99
341,072.35
Fund BalanceGeneral Fund
Property and equipment fund
7,669,-,092,888.68
10,071,-,812,976.44
Total Fund Balance
31,762,877.22
30,884,665.03
31,848,233.21 P
31,225,737.38
Total Current Liabilities
TOTAL LIABILITIES AND FUND BALANCE
P
See Notes to Financial Statements
INTERNATIONAL CARE MINISTRY OF THE PHILIPPINES INCORPORATED
No. 4 San Juan Street, Bacolod City
STATEMENT OF CHANGES IN FUND BALANCE
For the Fiscal Year Ended May 31, 2008
(With Comparative Figures for 2007)
General
Property &
Fund
Balance, June 1, 2006
Prior period adjustment
P
Equipment Fund
9,075,012.38 P
-
16,818,214.20
-
9,075,012.38
16,818,214.20
Add (Deduct):
Excess of receipts over expenditures
Assets Acquisition
Depreciation Expense
4,991,438.45
(6,905,705.28)
2,910,943.04
6,905,704.71
(2,910,943.04)
Balance, May 31, 2007
Prior Period Adjustment
10,071,688.59
-
20,812,975.87
-
Restated balance
10,071,688.59
20,812,975.87
Add (Deduct):
Excess of receipts over expenditures
Assets Acquisition
Depreciation Expense
878,212.76
(6,384,836.45)
3,104,923.64
6,384,836.45
(3,104,923.64)
Restated balance
FUND BALANCE,MAY 31, 2008
P
7,669,988.54 P
24,092,888.68
See Notes to Financial Statements
INTERNATIONAL CARE MINISTRY OF THE PHILIPPINES INCORPORATED
No. 4 San Juan Street, Bacolod City
STATEMENT OF CASH FLOWS
For the Fiscal Year Ended May 31, 2008
(With Comparative Figures for-
Excess of receipts over expenditures
Adjustments to reconcile net income to
net cash provided by operating activitiesDepreciation
Bad debts
Changes in operating assets and liabilities:
Accounts Receivable and others
Prepaid insurance
Prepaid rent
Inventory
Due to Livelihood
Deferred charges
Accounts payable & other accrued expenses
Prior period adjustment
Net Cash Provided by Operating Activities
Net Cash Used by Investing Activities
Asset Acquisition
P
878,212.76 P
3,104,-,715.43
1,-,172.66
(836,600.00)
3,147,-,335.80
(255,716.36)
-
2007
4,991,438.45
2,910,943.04
(102,-,-,-,956.87
-
6,726,194.59
8,511,502.79
(6,384,836.45)
(6,905,705.85)
Increase (Decrease) In Cash Balance
Cash on hand and in bank, June 1, 2007
CASH ON HAND AND IN BANK, MAY 31, 2008
P
See Notes to Financial Statements
341,358.14
1,605,796.94
3,556,055.46
1,950,258.52
3,897,413.60 P
3,556,055.46
-
