CITY OF MANILA

Statement of Financial Position

For the Year Ended December 31, 2018
(In Philippine Peso)
(With Corresponding Figures for CY 2017)

Note 2018
ASSETS
Current Assets
Cash and Cash Equivalents 4 11,784,387,743###
Investments 5 8,883,268
Receivables 6 5,953,996,772###
Inventories 7 2,549,254,810###
Prepayments and Deferred Charges 8 877,700,386###
Total Current Assets 21,174,222,979###

Non-Current Assets
Investment Property 9 248,912,042###
Property, Plant and Equipment 10 17,516,278,951###
Infrastructure Assets 11 1,771,653,840
Total Non-Current Assets 19,536,844,833###

Total Assets 40,711,067,812###

LIABILITIES
Current Liabilities
Financial Liabilities 12 5,735,550,679
Inter-Agency Payables 13 1,472,070,508###
Trust Liabilities 14 2,497,900,370###
Total Current Liabilities 9,705,521,557###
Non-Current Liabilities
Financial Liabilities 12 117,713,238###
Deferred Credits/Unearned Income 15 8,015,802,460###
Other Payables 16 1,414,916,008###
Total Non-Current Liabilities 9,548,431,706###

Total Liabilities 19,253,953,263###

NET ASSETS/EQUITY
Government Equity 21,457,114,549###

Total Liabilities and Net Assets/Equity 40,711,067,812###

See Accompanying Notes to Financial Statements

5
2018

017)

2017

10,544,862,074
7,996,877
6,590,706,088
2,265,665,708
916,403,405
20,325,634,152

248,912,042
16,844,264,062
1,258,072,703
18,351,248,807

38,676,882,959

5,759,328,706
1,312,453,528
2,189,378,200
9,261,160,434

179,128,840
8,718,956,716
1,151,223,908
10,049,309,464

19,310,469,898

19,366,413,061

38,676,882,959

5
 CITY OF MANILA
Statement of Financial Performance
For the Year Ended December 31, 2018
(In Philippine Peso)
(With Corresponding Figures for CY 2017)

Note 2018

Revenue
Tax Revenue 18 9,426,764,011
Share from Internal Revenue Collections 19 2,940,888,302
Service and Business Income 20 1,302,798,552
Shares, Grants and Donations 21 153,402,804
Gain on Sale of Assets 22 4,579
Miscellaneous Income 23 279,338,496
Total 14,103,196,744 -

Less:
Employee Costs 24 4,299,617,358
Maintenance and Other Operating Expenses 25 5,122,716,445

Non-Cash Expenses 26 900,359,303

Financial Expenses 27 8,583,462
Current Operating Expenses 10,331,276,568 -

Surplus
Add (Deduct):
Transfers, Assistance and Subsidy To 28 (791,197,238)
Surplus(Deficit) for the period 2,980,722,938 -
See Accompanying Notes to Financial Statements

6
 CITY OF MANILA
tatement of Financial Performance
r the Year Ended December 31, 2018
(In Philippine Peso)
h Corresponding Figures for CY 2017)

2017

8,501,380,977
2,686,609,017
1,275,775,363
138,202,627
1,144,801
34,486,178
12,637,598,963

4,077,563,012
4,830,971,542

781,673,752
11,961,319
9,702,169,625

(900,514,015)
2,034,915,323

6
 CITY OF MANILA
Statement of Changes in Net Assets/Equity
For the Year Ended December 31, 2018
(In Philippine Peso)
(With Corresponding Figures for CY 2017)

Accumulated Surplus/(Deficits)
Note
2018

Balance at January 1, 2018 19,366,413,061

Add (Deduct)
Change in Accounting Policy -
Prior Period Adjustment (10,672,116)
Restated Balance 19,355,740,945
###
Add (Deduct) Changes in net assets/equity
Prior Year's Adjustments 17 (879,349,334)
Adjustment of net revenue recognized directly -
Surplus (Deficit) for the period 2,980,722,938
Balance at December 31, 2018 21,457,114,549
###
See Accompanying Notes to Financial Statements

7
 CITY OF MANILA
ment of Changes in Net Assets/Equity
he Year Ended December 31, 2018
(In Philippine Peso)
Corresponding Figures for CY 2017)

Accumulated Surplus/(Deficits)
2017

17,707,745,789

-
(376,248,051)
17,331,497,738

-
2,034,915,323
19,366,413,061

7
 CITY OF MANILA
Statement of Cash Flows
For the Year Ended December 31, 2018
(In Philippine Peso)
(With Corresponding Figures for CY 2017)

2018

Cash Flows from Operating Activities

Cash Inflows
Collection from taxpayers 10,391,078,216
Share from Internal Revenue Allotment 2,561,854,302
Receipts from business/service income 1,272,518,846
Interest Income 30,447,609
Other Receipts 2,036,661,931
Total Cash Inflows 16,292,560,904###
Cash Outflows
Payments to suppliers and creditors 7,029,184,794
Payments to employees 2,597,255,645
Interest Expense 8,548,898
Other Expenses 3,797,576,174
Total Cash Outflows 13,432,565,511###
Net Cash Flows from Operating Activities 2,859,995,393###

Cash Flows from Investing Activities

Cash Inflows
Sale of Property, Plant & Equipment 4,579
Total Cash Inflows 4,579
Cash Outflows
Purchase/Construction of Property, Plant & Equipment 1,559,058,701
Total Cash Outflows 1,559,058,701
Net Cash Flows from Investing Activities (1,559,054,122)
Cash Outflows
Payment of loan amortization 61,415,602
Total Cash Outflows 61,415,602
Net Cash
Total CashFlows fromby
Provided Financing Activities
Operating, Investing (61,415,602)

and Financing Activities 1,239,525,669###

Add: Cash at the Beginning of the year 10,544,862,074
Cash Balance at the End of the Year (LCCA) 11,784,387,743###

8
 CITY OF MANILA
Statement of Cash Flows
the Year Ended December 31, 2018
(In Philippine Peso)
Corresponding Figures for CY 2017)

2017

9,538,600,192
2,281,539,017
1,226,650,823
51,968,778
2,150,178,482
15,248,937,292

3,920,482,503
1,492,658,978
11,961,320
6,771,061,103
12,196,163,904
3,052,773,388

-
-

442,382,089
442,382,089
(442,382,089)

61,415,602
61,415,602
(61,415,602)

2,548,975,697
7,995,886,377
10,544,862,074

8
 City of Manila
Statement of Comparison of Budget and Actual Amounts
For the Year Ended December 31, 2018
(In Philippine Peso)

Budgeted Amounts Difference Original and D

Particulars Notes Actual Amounts
Original Final Final Budget
Revenue
A. Local Sources
1. Tax Revenue
a. Real Property Tax 4,140,409,138.00 4,140,409,138.00 - 2,670,958,541.82
b. Other Local Taxes 4,873,150,000.00 4,873,150,000.00 - 4,626,103,105.25
Total Tax Revenue 9,013,559,138.00 9,013,559,138.00 - 7,297,061,647.07
2. Non-Tax Revenue
a. Permit and License Fees 678,528,569.00 678,528,569.00 - 514,933,489.75
b. Other Fees 346,823,596.00 346,823,596.00 - 5,066,024.15
c. Business Income 561,528,269.00 561,528,269.00 - 459,047,205.33
d. Service Income - - - 308,697,266.55
e. Other Income and Receipts 64,065,156.00 64,065,156.00 - 279,338,493.35
Total Non-Tax Revenue 1,650,945,590.00 1,650,945,590.00 - 1,567,082,479.13
B. External Sources
1. Share from the National Internal Revenue Taxes (IRA) 2,881,544,183.00 2,881,544,183.00 - 2,881,544,183.00
2. Share from GOCCs - - - -
3. Other Shares from National Tax Collections
a. Share from Ecozone - - - -
b. Share from EVAT - - - 59,344,119.46
c. Share from National Wealth - - - -
d. Share from Tobacco Excise Tax - - - -
4. Other Receipts
a. Grants and Donations - - - 153,402,804.29
b. Other Subsidy Income - - - -
5. Inter-local Transfer - - - -
6. Capital /Investment Receipts
a. Sale of Capital Assets 32,451,089.00 - 32,451,089.00 4,579.36
b. Sale of unserviceable properties 1,500,000.00 - 1,500,000.00 -
c Sale of Investments 1,300,000,000.00 - 1,300,000,000.00 -
d. Proceeds from Collections of Loans Receivable - - - -

9
 Budgeted Amounts Difference Original and D
Particulars Notes Actual Amounts
Original Final Final Budget
Add: Beginning Balance - - - -
Total Income from External Sources 4,215,495,272.00 2,881,544,183.00 1,333,951,089.00 3,094,295,686.11
C. Receipts from Borrowings
Other Sources-Beginning Balance of Income
from 2013 and 2014 (net of cont. appro.) - - - -
Total Revenues and Receipts 14,880,000,000.00 13,546,048,911.00 1,333,951,089.00 11,958,439,812.31

10
 Budgeted Amounts Difference Original and D
Particulars Notes Actual Amounts
Original Final Final Budget
Current Appropriations
Expenditures
General Public Services
Personal Services 1,405,876,783.00 1,405,876,783.00 - 1,129,217,008.36
Maintenance and Other Operating Expenses 1,514,576,150.00 1,514,576,150.00 - 885,080,954.42
Capital Outlay - - - -
Sub-total 2,920,452,933.00 2,920,452,933.00 - 2,014,297,962.78
Social Services and Social Welfare
Personal Services 3,098,984,880.00 3,098,984,880.00 - 2,617,784,938.24
Maintenance and Other Operating Expenses 2,621,596,250.00 2,621,596,250.00 - 2,565,392,333.58
Capital Outlay - - -
Sub-total 5,720,581,130.00 5,720,581,130.00 - 5,183,177,271.82
Economic Services
Personal Services 566,669,623.00 566,669,623.00 - 368,444,872.42
Maintenance and Other Operating Expenses 834,262,079.00 834,262,079.00 - 744,070,019.11
Capital Outlay - - - -
Sub-total 1,400,931,702.00 1,400,931,702.00 - 1,112,514,891.53
Other Purposes:
Debt Services
Financial Expense 8,583,462.00 8,583,462.00 - 8,583,462.00
Amortization - - - -
Sub-total 8,583,462.00 8,583,462.00 - 8,583,462.00
LDRRMF
Maintenance and Other Operating Expenses 740,637,488.00 740,637,488.00 - 527,702,560.33
Capital Outlay - - - -
Sub-total 740,637,488.00 740,637,488.00 - 527,702,560.33
20% Development Fund
Maintenance and Other Operating Expenses - - - 379,036,000.00
Capital Outlay 576,308,837.00 576,308,837.00 - -
Sub-total 576,308,837.00 576,308,837.00 - 379,036,000.00
Share from National Wealth
Maintenance and Other Operating Expenses - - - -
Capital Outlay - - - -
Sub-total - - - -
Allocation for Senior Citizens and PWD

11
 Budgeted Amounts Difference Original and D
Particulars Notes Actual Amounts
Original Final Final Budget
Maintenance and Other Operating Expenses - - - -
Capital Outlay - - - -
Sub-total - - - -
Others (Statutory and Contractual Obligations)
Non Office Expenditures 557,161,970.00 557,161,970.00 - 684,203,311.72
Sub-total 557,161,970.00 557,161,970.00 - 684,203,311.72

Special Accounts - - - -

Total Current Appropriations 11,924,657,522.00 11,924,657,522.00 - 9,909,515,460.18

12
 Budgeted Amounts Difference Original and D
Particulars Notes Actual Amounts
Original Final Final Budget

Continuing Appropriations
General Public Services
Capital Outlay 1,831,688,197.00 1,831,688,197.00 - 459,731,118.19
Education
Capital Outlay - - - -
Health, Nutrition and Population Control
Capital Outlay - - - -
Labor and Employment
Capital Outlay - - - -
Housing and Community Development
Capital Outlay - - - -
Social Services and Social Welfare
Capital Outlay 278,681,940.00 278,681,940.00 - 2,327,600.00
Economic Services
Capital Outlay 694,816,000.00 694,816,000.00 - 32,628,859.48
Other Purposes
Capital Outlay - - - -
Total Continuing Appropriation 2,805,186,137.00 2,805,186,137.00 - 494,687,577.67
Total Appropriation 14,729,843,659.00 14,729,843,659.00 - 10,404,203,037.85

13
f Manila
f Budget and Actual Amounts
d December 31, 2018
ppine Peso)

Difference Final Budget

and Actual

1,469,450,596.18
247,046,894.75
1,716,497,490.93

163,595,079.25
341,757,571.85
102,481,063.67
(308,697,266.55)
(215,273,337.35)
83,863,110.87

-
-

-
(59,344,119.46)
-
-

(153,402,804.29)
-
-

(4,579.36)
-
-
-

14
Difference Final Budget
and Actual
-
(212,751,503.11)

-
1,587,609,098.69

15
Difference Final Budget
and Actual

276,659,774.64
629,495,195.58
-
906,154,970.22

481,199,941.76
56,203,916.42
-
537,403,858.18

198,224,750.58
90,192,059.89
-
288,416,810.47

-
-
-

212,934,927.67
-
212,934,927.67

(379,036,000.00)
576,308,837.00
197,272,837.00

-
-
-

16
Difference Final Budget
and Actual
-
-
-

(127,041,341.72)
(127,041,341.72)

2,015,142,061.82

17
Difference Final Budget
and Actual

1,371,957,078.81

276,354,340.00

662,187,140.52

-
2,310,498,559.33
4,325,640,621.15

18
 Balances as 2016
Accumulated
PARTICULARS of Dec. 31, 2015, Acquisition From Disposals Transfers/
Depreciation
at acquisition cost Other Assets Adustments
GENERAL FUND
Land 2,600,845,901.10 - - - 25,177,833.00 -
Other Land Improvement 40,803,216.90 11,203,207.00 20,134,306.65 - 18,000,000.00 5,485,972.01
Office Building 579,171,168.24 33,101,183.95 19,858,907.19 - 156,879,787.35 199,948,451.35
School Buildings 1,000,281,204.97 - 14,708,511.68 - 13,546,750.88 487,095,452.52
Hospitals & Health Centers 1,663,812,995.92 36,276,559.93 3,245,716.71 - 16,613,083.11 412,421,609.88
Markets 738,605,560.78 12,266,974.23 10,232,020.33 - 18,913,303.82 282,091,709.39
Slaughterhouse 18,586,740.22 - - - 3,917,728.09 14,974,559.77
Other Structures 423,319,639.47 86,245,844.64 41,084.60 - 317,529,906.17 79,884,077.34
Machinery 26,362,431.45 4,462,136.00 3,480,027.78 - 21,300.00 13,385,220.78
Office Equipment 22,630,385.91 1,139,759.00 7,449,481.17 - 5,758,249.01 7,142,237.30
Info. & Comm. Technology Equipt. 316,516,785.57 208,224,742.03 22,679,789.44 - 26,383,254.30 110,702,882.08
Communication Equipment 27,641,960.00 3,493,542.00 6,072,502.57 - 2,841,152.10 10,776,395.63
Const. & Heavy Equipt. 33,530,690.00 - 14,560,323.42 - - 4,548,607.06
Disaster Res. Rescue Equipt/ 201,281,222.26 54,087,921.00 134,736.93 - 3,248,431.00 99,886,118.14
Military, Police Equipment 147,500.00 - 706,152.19 - - 13,275.00
Med., Dental & Lab. Equipt. 598,086,118.31 37,635,952.00 12,053,803.61 - 7,885,152.00 260,128,915.87
Sports Equipment - - 50,264.70 - - -
Tech. & Scientific Equipt. 247,588,554.00 223,428,978.35 11,138,715.65 - 2,661,984.35 70,207,935.40
Other Machinert & Equipt. 31,008,283.50 6,397,493.50 635,094.48 - 889,729.50 12,865,453.78
Motor Vehicles 71,119,441.74 123,527,000.00 29,280,035.61 - 24,944,645.00 48,042,569.14
Aircraft And Ground Equipment - - 420,000.00 - - -
Watercraft & Equipt. 1,932,500.00 - 471,968.37 - - 1,073,567.42
Furniture And Fixtures 38,996,220.01 8,097,471.38 7,631,562.62 - 4,596,704.73 14,758,134.02
Books 2,597,456.45 1,315,239.15 1,023,097.29 - 2315100.75 594,659.07
Work/ Other Animals - - - - 14,896,800.00 -
Other Prop. Plant & Equipt. 94,918,438.91 4,517,775.47 17,560,719.55 - 5,498,844.12 19,622,609.24
CIP-Infrasructure Assets 325,064,215.07 379,005,619.72 - - 510,657,100.92 -
CIP-Bldgs. & Other Structures 258,982,548.15 792,509,537.75 - - 415,697,438.64 -
General Fund - Grand Total 9,363,831,178.93 2,026,936,937.10 203,568,822.54 - 1,598,874,278.84 2,155,650,412.18

Page 19 of 22
 Balances as 2016
Accumulated
PARTICULARS of Dec. 31, 2015, Acquisition From Disposals Transfers/
Depreciation
at acquisition cost Other Assets Adustments
GENERAL FUND

SPECIAL EDUCATION FUND

Land 416,207,452.91 - - - - -
Other Land Improvement 20,000.00 - - - - 15,500.00
Office Building 15,235,136.51 3,315,200.00 - - 3,315,200.00 4,736,293.69
School Buildings 7,169,776,373.42 - 46,644,933.18 - - 1,857,234,053.30
Hospitals And Health Centers - - - - 5,684,542.56 -
Machinery 11,186,974.00 5,053,250.00 2,464,575.21 - 5,053,250.00 4,108,938.24
Office Equipment 25,480,944.50 - 3,083,368.01 - - 12,681,601.87
Info. & Comm. Technology Equipt. 407,200,969.38 153,529,912.50 14,023,089.27 - 153,529,912.50 114,113,756.54
Communication Equipment 8,479,519.25 1,754,679.25 2,262,448.05 - 1,754,679.25 3,630,711.17
Disaster Res. Rescue Equipt - - 824,381.26 - - -
Med., Dental & Lab. Equipt. 7,166,973.00 - 1,041,787.27 - - 4,847,578.16
Sports Equipment 2,402,083.00 - 1,442,454.15 - - 920,156.87
Tech. & Scientific Equipt. 2,257,266.40 - 4,003,464.28 - - 1,825,774.82
Other Machinert & Equipt. 45,288,202.11 15,439,630.50 101,201.69 - 15,439,630.50 8,886,177.89
Motor Vehicles - - 190,218.40 - - -
Furniture And Fixtures 37,404,541.64 1,784,687.00 8,315,378.00 - 1,592,687.00 13,710,881.49
Books - - 836,504.70 - - -
Other Prop. Plant & Equipt. 18,903,347.50 15,746,305.00 5,556,491.04 - 15,746,305.00 2,763,108.56
CIP-Bldgs. & Other Structures 661,251,561.16 803,781,747.83 - - 810,390,649.28 -
Special Education Fund - Grand Total 8,828,261,344.78 1,000,405,412.08 90,790,294.51 - 1,012,506,856.09 2,029,474,532.59

General Fund and SEF Grand Total 18,192,092,523.71 3,027,342,349.18 294,359,117.05 - 2,611,381,134.93 4,185,124,944.78

Page 20 of 22
 Carrying
Value,Dec. 31,
2016

2,575,668,068.10
48,654,758.54
589,062,595.38
514,347,513.25
1,307,526,745.79
497,926,149.77
7,529,908.54
747,252,397.54
20,898,074.45
18,319,139.77
410,335,180.66
23,590,456.84
43,542,406.36
152,369,331.05
840,377.19
379,761,806.05
50,264.70
409,286,328.25
24,285,688.20
200,828,553.21
420,000.00
1,330,900.95
35,370,415.26
2,026,033.07
14,896,800.00
91,875,480.57
193,412,733.87
635,794,647.26
8,947,202,754.63

Page 21 of 22
 Carrying
Value,Dec. 31,
2016

416,207,452.91
4,500.00
10,498,842.82
5,359,187,253.30
5,684,542.56
9,542,610.97
15,882,710.64
307,110,302.11
7,111,256.13
824,381.26
3,361,182.11
2,924,380.29
4,434,955.86
36,503,225.91
190,218.40
32,201,038.15
836,504.70
21,696,729.98
654,642,659.71
6,888,844,747.81

15,836,047,502.43

Page 22 of 22