CIVIL AVIATION AUTHORITY OF THE PHILIPPINES

PRE-CLOSING TRIAL BALANCE

AS OF DECEMBER 31, 2018

ACCOUNT ACCOUNT
CODE CODE DEBIT CREDIT

Cash - Collecting Officer 102 1 01 01 010 - -

Petty Cash Fund 104 1 01 01 020 - -
Cash in Bank-Local Currency, Current Account 111 1 01 02 020 - -
Cash in Bank-Local Currency, Savings Account 112 1 01 02 030 - -
Cash in Bank - Foreign Currency, Savings Account 116 1 01 03 030 - -
Treasury Bills 1 01 05 010 -
Investments in Treasury Bills - Local 1 02 02 010 -
Investments in Bonds - Local 1 02 02 050 -
Investments in Time Deposit-Local Currency 1 02 11 010 -
Investments in Time Deposits - Foreign Currency 117 1 02 11 020 - -
Other Investments 1 02 99 990 -
Accounts Receivable 121 1 03 01 010 195,614,461.89 -
Allow. For Impairment - Accounts Receivable 301 1 03 01 011 - (328,842,011.63)
Interest Receivable 129 1 03 01 050 10,086.58 -
Operating Lease Receivable 1 03 02 010 -
Due from National Gov't Agencies 136 1 03 03 010 - -
Due from Government Corporations 137 1 03 03 050 - -
Due from Local Government Units 138 1 03 03 030 - -
Due from Central Office 141 - -
Due from Regional/Branch Offices 142 1 03 04 070 - -
Due from Operating Units 143 - -
Receivables-Disallowances / Charges 146 1 03 05 010 - -
Other Receivables 149 1 03 05 990 (13,672.00) -
Allow. For Impairment - Other Receivable 1 03 05 991 -
Office Supplies Inventory 155 1 04 04 010 (13,113,538.83) -
Accountable Forms, Plates and Stickers Inventory 156 1 04 04 020 1,590,218.88 -
Drugs & Medicines Inventory 159 1 04 04 060 69,000.00
Medical, Dental & Lab. Supplies Inv. 160 1 04 04 070 (61,283.00)
Fuel, Oil and Lubricants Expenses 161 1 04 04 080 992,462.96 -
Other Supplies and Materials Inventory 165 1 04 04 990 (8,294,042.11)
Other Current Assets 189 1 99 99 990 - -
Semi-Expendable Office Equipment 1 04 05 020 136,073.50
Semi-Expendable Information and Communication Technology E 1 04 05 030 -
Semi-Expendable Other Machinery & Equipment 1 04 05 990 (37,060.99)
Semi-Expandable Furniture, Fixtures and Books 1 04 06 010 -
Land 201 1 06 01 010 (9,708,263,409.08) -
Other Land Improvements 202 1 06 02 990 (433,284,619.99) -
Accum. Depr'n. Other Land Improvements 302 1 06 02 991 - (284,148,588.79)
Airport Systems 203 1 06 03 080 (367,986,963.08) -
Accum. Depr'n. - Airport Systems 303 1 06 03 081 - (160,235,156.25)
Buildings 211 1 06 04 010 (198,586,361.24) -
Accumulated Depr. - Building 311 1 06 04 011 - (7,258,680.32)
Other Structures 215 1 06 04 990 7,771,460.24 -
Accumulated Depr. - Other Structures 315 1 06 04 991 - 1,239,600.80
Office Equipment 221 1 06 05 020 - -
Accumulated Depr. - Office Equipment 321 1 06 05 021 - 13,259,752.56
Information and Communication Technical Equipment 223 1 06 05 030 - -
Accum. Depr'n. - Info. and Communication Tech. Equi 323 1 06 05 031 - 14,879,377.43
Airport Equipment 228 1 06 05 060 - -
Accumulated Depr. - Airport Equipment 328 1 06 05 061 - (41,411.56)
Communication Equipment 229 1 06 05 070 4,938,000.00 -
Accumulated Depr. - Communication Equipt. 329 1 06 05 071 - (143,359.27)
Disaster Response and Rescue Equipment 231 1 06 05 090 (7,000,000.00) -
Accum. Depr'n. - Disaster Response and Rescue Equ 331 1 06 05 091 - 18,783,739.94
Medical Equipment 233 1 06 05 110 - -
Accum.Depr'n. - Medical Equipment 333 1 06 05 111 - 31,057.08
Page 1 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
PRE-CLOSING TRIAL BALANCE
AS OF DECEMBER 31, 2018

ACCOUNT ACCOUNT
CODE CODE DEBIT CREDIT
Technical and Scientific Equipment 1 06 05 140 - -
Accumulated Depr. - Technical and Scientific Equipment 1 06 05 141 - -
Other Machineries and Equipment 240 1 06 05 990 - -
Accumulated Depr. - Other Machineries & Equipt. 340 1 06 05 991 - 110,195.92
Motor Vehicles 241 1 06 06 010 - -
Accumulated Depr. - Motor Vehicles 341 1 06 06 011 - (1,475,659.68)
Aircrafts and Aircraft Ground Equipment 243 1 06 06 030 - -
Accumulated Depr. - Aircrafts & Aircraft Ground Equipt 343 1 06 06 031 - -
Furniture and Fixtures 222 1 06 07 010 - -
Other Transportation Equipment 248 1 06 06 990 - -
Accumulated Depr. - Furniture & Fixtures 322 1 06 07 011 - (479,772.58)
Other Property, Plant & Equipment 250 1 06 98 990 - -
Accumulated Depr. - Other Property, Plant & Equipt. 350 1 06 98 991 - (3,022,513.80)
Construction in Progress - Land Improvements 1 06 99 010 - -
Construction in Progress - Infrastructure Assets 273 1 06 99 020 1,095,584.70 -
Construction in Progress - Buildings and Other Structures 1 06 99 030 (4,872,711.29)
Advances for Payroll 106 1 99 01 020 - -
Advances to Special Disbursing Officer 103 1 99 01 030 - -
Advances to Officers & Employees 148 1 99 01 040 (3,725,601.86) -
Advances to Contractors 181 1 99 02 010 - -
Prepaid Rent 177 1 99 02 020 -
Prepaid Insurance 178 1 99 02 050 - -
Withhoding Tax at Source 1 99 02 080 -
Other Prepayments 185 1 99 02 990 - -
Deposit on Letters of Credit 180 1 99 03 010 - -
Guaranty Deposits 186 1 99 03 020 - -
Deferred Charges/Losses 182 1 99 99 080 - -
Other Assets 290 1 99 99 990 176,307,921.50 -
Accum. Impairment Losses - Other Assets 390 1 99 99 991 309,057,543.22
Accounts Payable 401 2 01 01 010 - 215,236,248.43
Due to Officers and Employees 403 2 01 01 020 - 356,720,833.78
Due to BIR 412 2 02 01 010 (20,366,525.65) -
Due to GSIS 413 2 02 01 020 - 668,413.61
Due to Pag-IBIG 414 2 02 01 030 - 15,965.91
Due to PhilHealth 415 2 02 01 040 - 56,949.40
Due to NGAs 416 2 02 01 050 - -
Due to Government Corporations 417 2 02 01 060 - -
Due to LGUs 418 2 02 01 070 - -
Income Tax Payable 2 02 01 130 -
Due to Other Funds 424 2 03 01 050 - -
Due to Central Office 421 2 03 01 060 - -
Due to Regional/Branch Offices 422 2 03 01 070 - -
Performance/Bidders/ Bail Bonds Payable 427 2 04 01 030 - -
Guaranty/SecurityDeposits Payable 426 2 04 01 040 - -
Other Deferred Credits 455 2 05 01 990 - 193,894,878.22
Leave Benefits Payable 2 06 01 020 - (320,189,638.25)
Other Provisions 2 06 01 990 17,257,323.32
Other Payables 439 2 99 99 990 - -
Government Equity 501 3 01 01 020 - (11,119,714,982.93)
Retained Earnings 510 3 07 01 010 (359,351,426.01) -
Permit Fees 605 4 02 01 010 - -
Clearance & Certification Fees 613 4 02 01 040 - (25,678.03)
Licensing Fees 603 4 02 01 060 - -
Fines and Penalties - Service Income 629 4 02 01 140 - -
Other Service Income 628 4 02 01 990 - 2,678,528.38
Rent/Lease Income 642 4 02 02 050 - 10,607,996.93
Communication Network Fees 4 02 02 060 -

Page 2 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
PRE-CLOSING TRIAL BALANCE
AS OF DECEMBER 31, 2018

ACCOUNT ACCOUNT
CODE CODE DEBIT CREDIT
Transportation System Fees 623 4 02 02 070 - 96,581,982.47
Landing and Parking Fees 640 4 02 02 120 - 6,926,371.62
Interest Income 664 4 02 02 210 - (17,247,236.74)
Fines and Penalties - Business Income 649 4 02 02 230 - 490,390.88
Income from Communication Facilities 634 4 02 02 380 - 22,185,930.25
Other Business Income 648 4 02 02 990 - 37,005.89
Subsidy from National Government 651 4 03 01 010 -
Miscellaneous Income 678 4 06 03 990 - 264,341.68
Gain on Foreign Exchange (FOREX) 681 4 05 01 010 - -
Loss on Sale of Property Plant & Equipment 682 5-05-04-040 -
Prior Year's Adjustments 684 (R) 3 07 01 010 - -
Salaries and Wages - Regular Pay 701 5 01 01 010 54,371,441.68 -
Personnel Economic Relief Allowance (PERA) 711 5 01 02 010 - -
Representation Allowance (RA) 713 5 01 02 020 8,490.00 -
Transportation Allowance (TA) 714 5 01 02 030 (20,762.02) -
Clothing / Uniform Allowance 715 5 01 02 040 - -
Subsistence Allowance 716 5 01 02 050 - -
Productivity Incentive Allowance 717 5 01 02 080 10,000.00 -
Honoraria 720 5 01 02 100 22,000.00 -
Hazard Pay 721 5 01 02 110 1,813,030.00 -
Longevity Pay 722 5 01 02 120 - -
Overtime and Night Pay 723 5 01 02 130 2,989,199.55 -
Year End Bonus 725 5 01 02 140 28,464.90 -
Cash Gift 724 5 01 02 150 (5,000.00) -
Other Bonuses and Allowances 719 5 01 02 990 301,824.00 -
Retirement and Life Insurance Premiums 731 5 01 03 010 668,413.61 -
Pag-IBIG Contributions 732 5 01 03 020 15,965.91 -
PhilHealth Contributions 733 5 01 03 030 56,949.40 -
Employees Compensation Insurance Premiums 734 5 01 03 040 - -
Terminal Leave Benefits 742 5 01 04 030 (27,227,113.33) -
Other Personnel Benefits 749 5 01 04 990 556,028.29 -
Traveling Expenses - Local 751 5 02 01 010 1,065,031.98 -
Traveling Expenses - Foreign 752 5 02 01 020 1,814,111.33 -
Training Expenses 753 5 02 02 010 1,101,888.43 -
Office Supplies Expenses 755 5 02 03 010 2,405,991.33 -
Accountable Forms Expenses 756 5 02 03 020 (1,590,218.88) -
Drugs & Medicines Expenses 759 5 02 03 070 (69,000.00) -
Medical, Dental and Laboratory Supplies Expenses 760 5 02 03 080 61,283.00 -
Fuel, Oil and Lubricants Expenses 761 5 02 03 090 (992,462.96) -
Semi-Expendable Machinery and Equipment Expenses 5 02 03 210 6,990.99
Semi-Expendable Furniture, Fixtures and Books Expenses 5 02 03 220 37,350.00
Other Supplies and Materials Expenses 765 5 02 03 990 8,280,022.11 -
Water Expenses 766 5 02 04 010 88,641.15 -
Electricity Expenses 767 5 02 04 020 1,357,840.19 -
Postage and Courier Services 771 5 02 05 010 19,036.52 #VALUE!
Telephone Expenses - Landline 772 5 02 05 020 48,760.84 -
Telephone Expenses - Mobile 773 5 02 05 020 - -
Internet Subscription Expenses 774 5 02 05 030 10,070.21 -
Cable, Satellite, Telegraph and Radio Expenses 775 5 02 05 040 531,723.41 -
Confidential Expenses 881 5 02 10 010 3,560,000.00
Intelligence Expenses 882 5 02 10 020 -
Extraordinary and Miscellaneous Expenses 884 5 02 10 030 - -
Legal Services 791 5 02 11 010 - -
Auditing Services 792 5 02 11 020 - -
Consultancy Services 793 5 02 11 030 364,000.00 -
Other Professional Services 799 5 02 11 990 (349,398.24) -

Page 3 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
PRE-CLOSING TRIAL BALANCE
AS OF DECEMBER 31, 2018

ACCOUNT ACCOUNT
CODE CODE DEBIT CREDIT
Janitorial Services 796 5 02 12 020 932,922.49 -
Security Services 797 5 02 12 030 13,695,880.25 -
Other General Services 795 5 02 12 990 2,372,092.19 -
Repairs & Maintenance - Land Improvements 802 5 02 13 020 (155,244.30) -
Repairs & Maintenance - Land Improvements 803 5 02 13 020 2,337,958.64 -
Repairs & Maintenance - Buildings and Other Structur 811 5 02 13 040 2,554,995.84 -
Repairs & Maintenance - Buildings and Other Structur 815 5 02 13 040 - -
Repairs & Maintenance - Machinery and Equipment 821 5 02 13 050 1,419,122.33 -
Repairs & Maintenance - Machinery and Equipment 823 5 02 13 050 - -
Repairs & Maintenance - Machinery and Equipment 828 5 02 13 050 291,068.08 -
Repairs & Maintenance - Machinery and Equipment 831 5 02 13 050 - -
Repairs & Maintenance - Machinery and Equipment 840 5 02 13 050 (1,004,576.77) -
Repairs & Maintenance - Transportation Equipment 841 5 02 13 060 (1,117,745.28) -
Repairs & Maintenance - Furniture and Fixtures 822 5 02 13 070 - -
Repairs & Maintenance - Other Property, Plant & Equ 850 5 02 13 990 - -
Taxes, Duties and Licenses 891 5 02 15 010 - (20,366,525.65)
Fidelity Bond Premiums 892 5 02 15 020 - -
Insurance Expense 893 5 02 15 030 - -
Income Tax Expenses 5 02 15 040 -
Advertising, Promotional and Marketing Expenses 780 5 02 99 010 - -
Printing and Publication Expenses 781 5 02 99 020 - -
Representation Expenses 783 5 02 99 030 (931,820.93) -
Transportation & Delivery Expenses 784 5 02 99 040 - -
Rent / Lease Expenses 782 5 02 99 050 1,843,920.00 -
Membership Dues & Contributions to Org. 778 5 02 99 060 1,750,890.10 -
Subscription Expenses 786 5 02 99 070 2,800.00 -
Dividends Expenses 5 02 99 160 -
Other Maintenance & Operating Expenses 969 5 02 99 990 3,290,586.85 -
Impairment Loss - Loans and Receivables 901 5 05 03 020 (350,679,840.56) -
Impairment Loss - Other Assets 5 05 03 990 (45,676,532.31)
Impairment Loss - Other Receivables 5 05 03 060 -
Bank Charges 971 5 03 01 040 1,554.65 -
Management Supervision/Trusteeship Fees 979 5 03 01 010 - -
Other Financial Charges 979 5 03 01 990 5,423,506.25
Depreciation - Land Improvements 902 5 05 01 020 (19,165,516.43) -
Depreciation - Infrastructure Assets 903 5 05 01 030 35,733,207.41 -
Depreciation - Buildings and Other Structures 911 5 05 01 040 845,928.43 -
Depreciation - Buildings and Other Structures 915 5 05 01 040 216,912.67 -
Depreciation - Machinery and Equipment 921 5 05 01 050 7,817,350.55 -
Depreciation - Machinery and Equipment 923 5 05 01 050 14,124,233.25 -
Depreciation - Machinery and Equipment 928 5 05 01 050 (41,018.61) -
Depreciation - Machinery and Equipment 929 5 05 01 050 443,702.92 -
Depreciation - Machinery and Equipment 931 5 05 01 050 26,556,028.51 -
Depreciation - Machinery and Equipment 933 5 05 01 050 31,057.08 -
Depreciation - Machinery and Equipment 940 5 05 01 050 823,124.33 -
Depreciation - Transportation Equipment 941 5 05 01 060 (619,338.38) -
Depreciation - Furniture, Fixtures and Books 922 5 05 01 070 108,044.47 -
Depreciation - Other Property Plant & Equipment 950 5 05 01 990 (340,690.00) -
(10,982,206,787.76) #VALUE!

(245,774,842.88) 122,499,633.33
368,274,476.21

CERTIFIED CORRECT:

Page 4 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
PRE-CLOSING TRIAL BALANCE
AS OF DECEMBER 31, 2018

ACCOUNT ACCOUNT
CODE CODE DEBIT CREDIT

RAUL P. EUSEBIO
Chief Accountant

Page 5 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2017

2017
ADJUSTMENT

Income
Service and Business Revenue
Service Revenue A
Permit Fees
Clearance & Certification Fees (25,678.03)
Licensing Fees
Inspection Fees
Fines and Penalties - Service Income
Daily Subsistence Allowance
Energy Fee
Water/Electricity Services
Medical Examination
Course Fee
Other Service Income 2,678,528.38
Total Service Revenue 2,652,850.35
Business Revenue
Rent Income 10,607,996.93
Communication Network Fees -
Transportation System Fees 96,581,982.47
Landing and Parking Fees 6,926,371.62
Fines and Penalties - Business Income 490,390.88
Income from Communication Facilities 22,185,930.25
Vehicular Parking
Tacking Fees
Weighing Conveyor
Sale of Bid Documents
Other Business Income 37,005.89
Total Business Revenue 136,829,678.04

Total Service and Business Revenue 139,482,528.39

Share, Grants and Donations

Grants and Donations

Total Grants and Donations -

Gains
Gain on Foreign Exchange (FOREX) -

Page 6 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2017

2017
ADJUSTMENT

Total Gains -

Other Non-Operating Income

Miscellaneous Income 264,341.68
Total Non-Operating Income 264,341.68

Total Income 139,746,870.07

LESS: COST OF SERVICE -
GROSS PROFIT 139,746,870.07

Expenses
Personal Services
Salaries and Wages
Salaries and Wages - Regular Pay 54,371,441.68
Salaries and Wages - Casual -

Total Salaries and Wages 54,371,441.68

Other Compensation
Personnel Economic Relief Allowance (PERA)
Representation Allowance (RA) 8,490.00
Transportation Allowance (TA) (20,762.02)
Clothing / Uniform Allowance

Subsistence, Laundry and Quarter Allowance

Productivity Incentive Allowance 10,000.00
Honoraria 22,000.00
Hazard Pay 1,813,030.00
Longevity Pay
Overtime and Night Pay 2,989,199.55
Year End Bonus 28,464.90
Cash Gift (5,000.00)
Other Bonuses and Allowances 301,824.00
Total Other Compensation 5,147,246.43
Personnel Benefit Contributions
Retirement and Life Insurance Premiums 668,413.61
PAG-IBIG Contributions 15,965.91
PHILHEALTH Contributions 56,949.40
Employees Compensation Insurance Premiums

Page 7 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2017

2017
ADJUSTMENT

Total Personnel Benefit Contributions 741,328.92

Other Personnel Benefits
Terminal Leave Benefits (27,227,113.33)
Other Personnel Benefits 556,028.29
Total Other Personnel Benefits (26,671,085.04)

Total Personnel Services 33,588,931.99

Maintenance and Other Operating Expenses

Traveling Expenses
Traveling Expenses - Local 1,065,031.98
Traveling Expenses - Foreign 1,814,111.33
Total Traveling Expenses 2,879,143.31
Training and Scholarship Expenses
Training Expenses 1,101,888.43
Total Training and Scholarship Expenses 1,101,888.43
Supplies and Materials Expenses
Office Supplies Expenses 2,405,991.33
Accountable Forms Expenses (1,590,218.88)
Drugs & Medicines Expenses (69,000.00)
Medical, Dental and Laboratory Supplies Expenses 61,283.00
Fuel, Oil and Lubricants Expenses (992,462.96)
Semi-Expendable Machinery and Equipment Expenses 6,990.99
Semi-Expendable Furniture, Fixtures and Books Expenses 37,350.00
Other Supplies and Materials Expenses 8,280,022.11
Total Supplies and Materials Expenses 8,139,955.59
Utility Expenses
Water Expenses 88,641.15
Electricity Expenses 1,357,840.19
Total Utility Expenses 1,446,481.34
Communication Expenses
Postage and Deliveries 19,036.52
Telephone Expenses 48,760.84
Telephone Expenses - Mobile -
Internet Expenses 10,070.21
Cable, Satellite, Telegraph and Radio Expenses 531,723.41

Page 8 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2017

2017
ADJUSTMENT

Total Communication Expenses 609,590.98

Confidential, Intelligence and Extraordinary Expenses

Confidential Expenses 3,560,000.00
Intelligence Expenses -
Extraordinary and Miscellaneous Expenses
Total Confidential, Intelligence and Extraordinary Expenses 3,560,000.00
Professional Services
Legal Services
Auditing Services
Consultancy Services 364,000.00
Other Professional Services (349,398.24)
Total Professional Services 14,601.76
General Services
Janitorial Services 932,922.49
Security Services 13,695,880.25
Other General Services 2,372,092.19
Total General Services 17,000,894.93
Repairs and Maintenance
Repairs & Maintenance - Land Improvements 2,182,714.34
Repairs & Maintenance - Infrastructure Assets -
Repairs & Maintenance - Buildings and Other Structures 2,554,995.84
Repairs & Maintenance - Machinery and Equipment 705,613.64
Repairs & Maintenance - Transportation Equipment (1,117,745.28)
Repairs & Maintenance - Furniture and Fixtures
Repairs & Maintenance - Other Property Plant & Equipt.
Total Repairs and Maintenance 4,325,578.54
Taxes, Insurance Premiums and Other Fees
Taxes, Duties and Licenses
Fidelity Bond Premiums
Insurance Expense
Total Taxes, Insurance Premiums and Other Fees -
Other Maintenance and Operating Expenses
Advertising, Promotional and Marketing Expenses
Printing and Publication Expenses
Representation Expenses (931,820.93)

Page 9 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2017

2017
ADJUSTMENT

Transportation & Delivery Expenses

Rent / Lease Expenses 1,843,920.00
Membership Dues & Contributions to Org. 1,750,890.10
Subscription Expenses 2,800.00
Dividends Expenses -
Documentary Stamps Expense -
Other Maintenance & Operating Expenses 3,290,586.85
Total Other Maintenance and Operating Expenses 5,956,376.02

Total Maintenance and Other Operating Expenses 45,034,510.90

Financial Expenses

Total Financial Expenses

Non-cash Expenses
Depreciation
Depreciation - Land Improvements (19,165,516.43)
Depreciation - Infrastructure Assets 35,733,207.41
Depreciation - Buildings and Other Structures 1,062,841.10
Depreciation - Machinery and Equipment 49,754,478.03
Depreciation - Transportation Equipment (619,338.38)
Depreciation - Furniture, Fixtures and Books 108,044.47
Depreciation - Other Property Plant & Equipment (340,690.00)
Total Depreciation 66,533,026.20

Impairment Loss
Impairment Loss - Loans and Receivables (396,356,372.87)
Impairment Loss - Other Assets
Impairment Loss - Other Receivables -
Total Impairment Loss (396,356,372.87)
Losses
Total Losses -

Page 10 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2017

2017
ADJUSTMENT

Total Non-cash Expenses (329,823,346.67)

Total Expenses (251,199,903.78)

Profit from Operations 390,946,773.85

Other Income(Expense)
Interest Income (17,247,236.74)
Gain on Foreign Exchange (FOREX)
Loss on Sale of Property, Plant and Equipment -
Bank Charges (1,554.65)
Management Supervision/Trusteeship Fees
Other Financial Charges (5,423,506.25)
Total Other Income(Expense) (22,672,297.64)

Profit Before Tax 368,274,476.21

Income Tax Expense -
Profit After Tax 368,274,476.21

Assistance and Subsidy

Subsidy from National Government -
Total Assistance and Subsidy -

Net Income 368,274,476.21

Other Comprehensive Income

Gain on Foreign Exchange (FOREX) -

Comprehensive Income 368,274,476.21

Page 11 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES 1. Adj in Office Supplies, FOL, Oth
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged
DECEMBER 31, 2017

ASSETS
Adjustment
Current Assets
Cash and Cash Equivalents
Cash on Hand
Cash - Collecting Officer -
Petty Cash Fund -
Cash in Bank - Local Currency
Cash in Bank-Local Currency, Current Account -
Cash in Bank-Local Currency, Savings Account -
Cash in Bank - Foreign Currency
Cash in Bank-Foreign Currency, SA -
Cash Equivalents
Treasury Bills -
Time Deposits - Local Currency -
Time Deposits - Foreign Currency -
Total Cash and Cash Equivalents -

Short-Term Investments
Investments in Debt Instrument
Short Term Investments
Investments in Treasury Bills - Local -
Investments in Time Deposits - Local Currency -
Investments in Time Deposits - Foreign Currency -
Total Short-Term Investments -

Receivables
Loans and Receivable Accounts
Accounts Receivable 195,614,461.89
Due from Officers and Employees -
Interest Receivable 10,086.58
Due from National Treasury -
195,624,548.47
Less: Allow. For Impairment - Accounts Receivable (328,842,011.63)
Loans and Receivables-Net 524,466,560.10
Inter - Agency Receivables
Due from National Gov't Agencies -
Due from Government Corporations -
Due from Local Government Units -
Intra - Agency Receivables
Due from Regional/Branch Offices -
Due from Operating Units -

Page 12 of 38
 CIVIL AVIATION AUTHORITY OF THE PHILIPPINES 1. Adj in Office Supplies, FOL, Oth
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged
DECEMBER 31, 2017

Total Inter-Agency Receivables -

Other Receivables
Receivables-Disallowances / Charges -
Operating Lease Receivable -
Other Receivables (13,672.00)
(13,672.00)
Less: Allow. For Impairment - Other Receivable -
Total Other Receivables (13,672.00)

Total Receivables, net 524,452,888.10

Inventories
Office Supplies Inventory (2,450,332.32)
Accountable Forms, Plates and Stickers Inventory 1,590,218.88
Drugs & Medicines Inventory 69,000.00
Medical, Dental and Lab. Supplies Inventory (61,283.00)
Fuel, Oil and Lubricants Expenses 992,462.96
Military & Police Supplies Inventory
Other Supplies and Materials Inventory (8,275,219.31)
Total Inventories (8,135,152.79)

Semi-Expendable Machinery and Equipment

Semi-Expendable Office Equipment
Semi-Expendable Information and Communication Technology Eq -
Semi-Expendable Other Machinery & Equipment
Semi-Expandable Furniture, Fixtures and Books -
Total Semi-Expendable Machinery and Equipment -

Other Current Assets

Advances
Advances for Operating Expenses -
Advances for Payroll -
Advances to Special Disbusing Officers -
### Advances to Officers & Employees (3,725,601.86)
(3,725,601.86)

Prepayments
Prepaid Rent -
Prepaid Insurance -
Withhoding Tax at Source -
Advances to Contractors -

Page 13 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES 1. Adj in Office Supplies, FOL, Oth
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged
DECEMBER 31, 2017

Other Prepaid Expenses -

-

Total Current Assets 512,592,133.45

Non-Current Assets
Investments in Debt Instrument
Long-Term Investments
Investments in Bonds - Local -
Investments in Time Deposits - Foreign Currency -
Other Investments -
Total Long-Term Investments -

Property, Plant and Equipmnet

Land (9,695,418,909.08)
Other Land Improvements (433,284,619.99)
Power Supply Systems -
Airport Systems (367,986,963.08)
Electrification, Power & Energy Structures
Buildings (182,777,321.24)
Other Structures 7,771,460.24
Office Equipment -
Information and Communication Technical Equipment 564,662.30
Airport Equipment -
Communication Equipment 4,938,000.00
Disaster Response and Rescue Equipment 27,686,547.94
Sports Equipment
Medical Equipment -
Technical and Scientific Machinery and Equipment -
Other Machineries and Equipment -
Motor Vehicles -
Other Transportation Equipment
Aircrafts and Aircraft Ground Equipment -
Furniture and Fixtures -
Other Property, Plant & Equipment -
Construction in Progress - Land Improvements -
Construction in Progress - Infrastructure Assets 1,095,584.70
Construction in Progress - Buildings and Other Structures (4,872,711.29)
Total Property, Plant And Equipment (10,642,284,269.50)
Less: Accumulated Depreciation (211,847,046.56)

Page 14 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES 1. Adj in Office Supplies, FOL, Oth
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged
DECEMBER 31, 2017

Property, Plant and Equipment-Net (10,430,437,222.94)

Other Non-Current Assets

Deposits
Deposit on Letters of Credit -
Guaranty Deposits -
Other Current Assets
-
Other Assets
Deferred Charges -
Other Assets 295,640,133.88
Total Other Assets 295,640,133.88
Less: Accum. Impairment Losses - Other Assets 295,640,133.88

Other Assets, net -

Total Non-Current Assets (10,430,437,222.94)

TOTAL ASSETS (9,917,845,089.49)

LIABILITIES

Current Liabilities
Financial Liabilities
Payables
Accounts Payable 225,819,265.23
Due to Officers and Employees 63,868,856.62
Tax Refunds Payable -
Total Financial Liabilities 289,688,121.85
Inter-Agency Payables
Due to Treasurer of the Philippines -
Due to BIR -
Due to GSIS 668,413.61
Due to PAG-IBIG 15,965.91
Due to PHILHEALTH 56,949.40
Due to Other NGAs -
Due to Government Corporations -
Due to LGUs -
Income Tax Payable -

Page 15 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES 1. Adj in Office Supplies, FOL, Oth
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged
DECEMBER 31, 2017

Intra-Agency Payables
Due to Central Office 0.00
Due to Regional/Branch Offices -
Due to Other Funds -
Total Inter-Agency Payables 741,328.92

Provisions
Leave Benefits Payable -
Other Provisions 17,257,323.32
17,257,323.32

Total Current Liabilities 307,686,774.09

Non-Current Liabilities
Trust Liabilities
Due to Other Funds -
Guaranty Deposits Payable -
Performance/Bidders/ Bail Bonds Payable -
-

Deferred Credits
Other Deferred Credits 193,894,878.22

Provisions
Leave Benefits Payable (27,337,661.09)

Other Payables

Total Non-Current Liabilities 166,557,217.13

TOTAL LIABILITIES 474,243,991.22

EQUITY

Government Equity
Share Capital
Share Premium
Adjustments on Government Equity (11,119,714,982.93)
Total Government Equity (11,119,714,982.93)

Page 16 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES 1. Adj in Office Supplies, FOL, Oth
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged
DECEMBER 31, 2017

Retained Earnings (Deficit)

Balances, January 1, 2018
Adjustments on Retained Earnings 359,351,426.01
Adjusted Balances 359,351,426.01
Current Operations 368,274,476.21
Balances, December 31, 2018 727,625,902.22

TOTAL EQUITY (10,392,089,080.71)

TOTAL LIABILITIES AND EQUITY (9,917,845,089.49)

(0.00)

Page 17 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Invento
DECEMBER 31, 2017

ASSETS

Current Assets
Cash and Cash Equivalents
Cash on Hand
Cash - Collecting Officer
Petty Cash Fund
Cash in Bank - Local Currency
Cash in Bank-Local Currency, Current Account
Cash in Bank-Local Currency, Savings Account
Cash in Bank - Foreign Currency
Cash in Bank-Foreign Currency, SA
Cash Equivalents
Treasury Bills
Time Deposits - Local Currency
Time Deposits - Foreign Currency
Total Cash and Cash Equivalents

Short-Term Investments
Investments in Debt Instrument
Short Term Investments
Investments in Treasury Bills - Local
Investments in Time Deposits - Local Currency
Investments in Time Deposits - Foreign Currency
Total Short-Term Investments

Receivables
Loans and Receivable Accounts
Accounts Receivable
Due from Officers and Employees
Interest Receivable
Due from National Treasury

Less: Allow. For Impairment - Accounts Receivable

Loans and Receivables-Net
Inter - Agency Receivables
Due from National Gov't Agencies
Due from Government Corporations
Due from Local Government Units
Intra - Agency Receivables
Due from Regional/Branch Offices
Due from Operating Units

Page 18 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P (R/E
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Inventory
DECEMBER 31, 2017

ASSETS
2017
Current Assets
Cash and Cash Equivalents
Cash on Hand
Cash - Collecting Officer 80,220,515.73
Petty Cash Fund 1,324,713.56
Cash in Bank - Local Currency
Cash in Bank-Local Currency, Current Account 1,674,388,813.06
Cash in Bank-Local Currency, Savings Account 949,201,447.59
Cash in Bank - Foreign Currency
Cash in Bank-Foreign Currency, SA 667,828,800.90
Cash Equivalents
Treasury Bills 99,803,061.79
Time Deposits - Local Currency 2,602,497,786.67
Time Deposits - Foreign Currency -
Total Cash and Cash Equivalents 6,075,265,139.30

Short-Term Investments
Investments in Debt Instrument
Short Term Investments
Investments in Treasury Bills - Local 1,352,702,524.12
Investments in Time Deposits - Local Currency 7,515,292,329.10
Investments in Time Deposits - Foreign Currency 778,014,388.31
Total Short-Term Investments 9,646,009,241.53

Receivables
Loans and Receivable Accounts
Accounts Receivable 3,882,660,020.72
Due from Officers and Employees -
Interest Receivable 22,320,233.94
Due from National Treasury
3,904,980,254.66
Less: Allow. For Impairment - Accounts Receivable 1,961,295,564.49
Loans and Receivables-Net 1,943,684,690.17
Inter - Agency Receivables
Due from National Gov't Agencies 63,518,551.80
Due from Government Corporations 130,461.33
Due from Local Government Units 5,197,174.45
Intra - Agency Receivables
Due from Regional/Branch Offices
Due from Operating Units

Page 19 of 38
 CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P (R/E
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Inventory
DECEMBER 31, 2017

Total Inter-Agency Receivables 68,846,187.58

Other Receivables
Receivables-Disallowances / Charges 91,121,890.25
Operating Lease Receivable 2,363,840.34
Other Receivables 39,418,582.39
132,904,312.98
Less: Allow. For Impairment - Other Receivable -
Total Other Receivables 132,904,312.98

Total Receivables, net 2,145,435,190.73

Inventories
Office Supplies Inventory 24,661,238.30
Accountable Forms, Plates and Stickers Inventory 7,232,783.51
Drugs & Medicines Inventory 17,365.00
Medical, Dental and Lab. Supplies Inventory 142,994.88
Fuel, Oil and Lubricants Expenses 17,369,930.23
Military & Police Supplies Inventory
Other Supplies and Materials Inventory 27,211,139.57
Total Inventories 76,635,451.49

Semi-Expendable Machinery and Equipment

Semi-Expendable Office Equipment
Semi-Expendable Information and Communication Technology Eq
Semi-Expendable Other Machinery & Equipment
Semi-Expandable Furniture, Fixtures and Books -
Total Semi-Expendable Machinery and Equipment -

Other Current Assets

Advances
Advances for Operating Expenses
Advances for Payroll 1,662,680.70
Advances to Special Disbusing Officers 1,125,391.44
### Advances to Officers & Employees 43,807,235.57
46,595,307.71

Prepayments
Prepaid Rent 4,713,314.95
Prepaid Insurance 1,535,118.40
Withhoding Tax at Source
Advances to Contractors 100,194,412.26

Page 20 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P (R/E
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Inventory
DECEMBER 31, 2017

Other Prepaid Expenses -

106,442,845.61

Total Current Assets 18,096,383,176.37

Non-Current Assets
Investments in Debt Instrument
Long-Term Investments
Investments in Bonds - Local 500,000,000.00
Investments in Time Deposits - Foreign Currency 979,638,665.09
Other Investments
Total Long-Term Investments 1,479,638,665.09

Property, Plant and Equipmnet

Land 47,085,347,022.57
Other Land Improvements 4,286,878,802.46
Power Supply Systems
Airport Systems 25,376,259,436.96
Electrification, Power & Energy Structures
Buildings 3,895,880,220.31
Other Structures 1,595,147,158.26
Office Equipment 157,963,016.01
Information and Communication Technical Equipment 439,375,357.96
Airport Equipment 1,153,600,090.41
Communication Equipment 1,033,440,327.90
Disaster Response and Rescue Equipment 1,737,570,576.55
Sports Equipment
Medical Equipment 8,882,944.00
Technical and Scientific Machinery and Equipment 2,220,400.40
Other Machineries and Equipment 135,657,016.09
Motor Vehicles 165,779,457.40
Other Transportation Equipment
Aircrafts and Aircraft Ground Equipment 105,637,209.74
Furniture and Fixtures 63,857,649.96
Other Property, Plant & Equipment 17,577,568.27
Construction in Progress - Land Improvements 31,452,614.97
Construction in Progress - Infrastructure Assets 785,230,763.25
Construction in Progress - Buildings and Other Structures 293,785,863.87
Total Property, Plant And Equipment 88,371,543,497.34
Less: Accumulated Depreciation 25,336,918,844.35

Page 21 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P (R/E
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Inventory
DECEMBER 31, 2017

Property, Plant and Equipment-Net 63,034,624,652.99

Other Non-Current Assets

Deposits
Deposit on Letters of Credit 18,332,140.22
Guaranty Deposits 4,557,183.12
Other Current Assets
22,889,323.34
Other Assets
Deferred Charges 13,653,122.11
Other Assets 1,548,162,429.29
Total Other Assets 1,561,815,551.40
Less: Accum. Impairment Losses - Other Assets 1,548,162,429.29

Other Assets, net 13,653,122.11

Total Non-Current Assets 64,550,805,763.53

TOTAL ASSETS 82,647,188,939.90

LIABILITIES

Current Liabilities
Financial Liabilities
Payables
Accounts Payable 519,822,340.26
Due to Officers and Employees 70,001,322.14
Tax Refunds Payable -
Total Financial Liabilities 589,823,662.40
Inter-Agency Payables
Due to Treasurer of the Philippines 3,000,000,000.01
Due to BIR 74,399,484.12
Due to GSIS 17,878,143.97
Due to PAG-IBIG 4,809,038.90
Due to PHILHEALTH 1,660,881.01
Due to Other NGAs 179,682,682.37
Due to Government Corporations 8,963.92
Due to LGUs 15,651.57
Income Tax Payable -

Page 22 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P (R/E
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Inventory
DECEMBER 31, 2017

Intra-Agency Payables
Due to Central Office
Due to Regional/Branch Offices -
Due to Other Funds -
Total Inter-Agency Payables 3,278,454,845.87

Provisions
Leave Benefits Payable 87,751,743.07
Other Provisions -
87,751,743.07

Total Current Liabilities 3,956,030,251.34

Non-Current Liabilities
Trust Liabilities
Due to Other Funds
Guaranty Deposits Payable 50,014,455.59
Performance/Bidders/ Bail Bonds Payable 25,005,824.05
75,020,279.64

Deferred Credits
Other Deferred Credits -

Provisions
Leave Benefits Payable 580,696,405.23

Other Payables 36,564,398.48

Total Non-Current Liabilities 692,281,083.35

TOTAL LIABILITIES 4,648,311,334.69

EQUITY

Government Equity
Share Capital 50,000,000,000.00
Share Premium 36,512,107,394.12
Adjustments on Government Equity -
Total Government Equity 86,512,107,394.12

Page 23 of 38
CIVIL AVIATION AUTHORITY OF THE PHILIPPINES
1. Adj in Office Supplies, FOL, Other Supp reclassed to A/P (R/E
STATEMENT OF FINANCIAL POSITION 2. Adj in semi-expendable merged with Office Supp. Inventory
DECEMBER 31, 2017

Retained Earnings (Deficit)

Balances, January 1, 2018 (7,779,137,012.44)
Adjustments on Retained Earnings (1,954,468,694.80)
Adjusted Balances (9,733,605,707.24)
Current Operations 1,220,375,918.33
Balances, December 31, 2018 (8,513,229,788.91)

TOTAL EQUITY 77,998,877,605.21

TOTAL LIABILITIES AND EQUITY 82,647,188,939.90

0.00

Page 24 of 38
CIVIL AVIATION1.AUTHORITY
Adj in OfficeOF
Supplies,
THE PHILIPPINES
FOL, Other Supp reclassed to A/P (R/E)
STATEMENT OF2.FINANCIAL
Adj in semi-expendable
POSITION merged with Office Supp. Inventory
DECEMBER 31, 2017

ASSETS
Restated
Current Assets
Cash and Cash Equivalents
Cash on Hand
Cash - Collecting Officer 80,220,515.73
Petty Cash Fund 1,324,713.56
Cash in Bank - Local Currency -
Cash in Bank-Local Currency, Current Account 1,674,388,813.06
Cash in Bank-Local Currency, Savings Account 949,201,447.59
Cash in Bank - Foreign Currency -
Cash in Bank-Foreign Currency, SA 667,828,800.90
Cash Equivalents -
Treasury Bills 99,803,061.79
Time Deposits - Local Currency 2,602,497,786.67
Time Deposits - Foreign Currency
Total Cash and Cash Equivalents 6,075,265,139.30

Short-Term Investments
Investments in Debt Instrument
Short Term Investments
Investments in Treasury Bills - Local 1,352,702,524.12
Investments in Time Deposits - Local Currency 7,515,292,329.10
Investments in Time Deposits - Foreign Currency 778,014,388.31
Total Short-Term Investments 9,646,009,241.53

Receivables
Loans and Receivable Accounts
Accounts Receivable 4,078,274,482.61
Due from Officers and Employees -
Interest Receivable 22,330,320.52
Due from National Treasury
4,100,604,803.13
Less: Allow. For Impairment - Accounts Receivable 1,632,453,552.86
Loans and Receivables-Net 2,468,151,250.27
Inter - Agency Receivables
Due from National Gov't Agencies 63,518,551.80
Due from Government Corporations 130,461.33
Due from Local Government Units 5,197,174.45
Intra - Agency Receivables
Due from Regional/Branch Offices
Due from Operating Units

Page 25 of 38
 CIVIL AVIATION1.AUTHORITY
Adj in OfficeOF
Supplies,
THE PHILIPPINES
FOL, Other Supp reclassed to A/P (R/E)
STATEMENT OF2.FINANCIAL
Adj in semi-expendable
POSITION merged with Office Supp. Inventory
DECEMBER 31, 2017

Total Inter-Agency Receivables 68,846,187.58

Other Receivables
Receivables-Disallowances / Charges 91,121,890.25
Operating Lease Receivable 2,363,840.34
Other Receivables 39,404,910.39
132,890,640.98
Less: Allow. For Impairment - Other Receivable -
Total Other Receivables 132,890,640.98

Total Receivables, net 2,669,888,078.83

Inventories
Office Supplies Inventory 22,210,905.98
Accountable Forms, Plates and Stickers Inventory 8,823,002.39
Drugs & Medicines Inventory 86,365.00
Medical, Dental and Lab. Supplies Inventory 81,711.88
Fuel, Oil and Lubricants Expenses 18,362,393.19
Military & Police Supplies Inventory -
Other Supplies and Materials Inventory 18,935,920.26
Total Inventories 68,500,298.70

Semi-Expendable Machinery and Equipment

Semi-Expendable Office Equipment -
Semi-Expendable Information and Communication Technology Eq
Semi-Expendable Other Machinery & Equipment -
Semi-Expandable Furniture, Fixtures and Books -
Total Semi-Expendable Machinery and Equipment -

Other Current Assets

Advances
Advances for Operating Expenses
Advances for Payroll 1,662,680.70
Advances to Special Disbusing Officers 1,125,391.44
### Advances to Officers & Employees 40,081,633.71
42,869,705.85

Prepayments
Prepaid Rent 4,713,314.95
Prepaid Insurance 1,535,118.40
Withhoding Tax at Source -
Advances to Contractors 100,194,412.26

Page 26 of 38
CIVIL AVIATION1.AUTHORITY
Adj in OfficeOF
Supplies,
THE PHILIPPINES
FOL, Other Supp reclassed to A/P (R/E)
STATEMENT OF2.FINANCIAL
Adj in semi-expendable
POSITION merged with Office Supp. Inventory
DECEMBER 31, 2017

Other Prepaid Expenses -

106,442,845.61

Total Current Assets 18,608,975,309.82

Non-Current Assets
Investments in Debt Instrument
Long-Term Investments
Investments in Bonds - Local 500,000,000.00
Investments in Time Deposits - Foreign Currency 979,638,665.09
Other Investments -
Total Long-Term Investments 1,479,638,665.09

Property, Plant and Equipmnet

Land 37,389,928,113.49
Other Land Improvements 3,853,594,182.47
Power Supply Systems -
Airport Systems 25,008,272,473.88
Electrification, Power & Energy Structures -
Buildings 3,713,102,899.07
Other Structures 1,602,918,618.50
Office Equipment 157,963,016.01
Information and Communication Technical Equipment 439,940,020.26
Airport Equipment 1,153,600,090.41
Communication Equipment 1,038,378,327.90
Disaster Response and Rescue Equipment 1,765,257,124.49
Sports Equipment -
Medical Equipment 8,882,944.00
Technical and Scientific Machinery and Equipment 2,220,400.40
Other Machineries and Equipment 135,657,016.09
Motor Vehicles 165,779,457.40
Other Transportation Equipment -
Aircrafts and Aircraft Ground Equipment 105,637,209.74
Furniture and Fixtures 63,857,649.96
Other Property, Plant & Equipment 17,577,568.27
Construction in Progress - Land Improvements 31,452,614.97
Construction in Progress - Infrastructure Assets 786,326,347.95
Construction in Progress - Buildings and Other Structures 288,913,152.58
Total Property, Plant And Equipment 77,729,259,227.84
Less: Accumulated Depreciation 25,125,071,797.79

Page 27 of 38
CIVIL AVIATION1.AUTHORITY
Adj in OfficeOF
Supplies,
THE PHILIPPINES
FOL, Other Supp reclassed to A/P (R/E)
STATEMENT OF2.FINANCIAL
Adj in semi-expendable
POSITION merged with Office Supp. Inventory
DECEMBER 31, 2017

Property, Plant and Equipment-Net 52,604,187,430.05

Other Non-Current Assets

Deposits
Deposit on Letters of Credit 18,332,140.22
Guaranty Deposits 4,557,183.12
Other Current Assets
22,889,323.34
Other Assets
Deferred Charges 13,653,122.11
Other Assets 1,843,802,563.17
Total Other Assets 1,857,455,685.28
Less: Accum. Impairment Losses - Other Assets 1,843,802,563.17

Other Assets, net 13,653,122.11

Total Non-Current Assets 54,120,368,540.59

TOTAL ASSETS 72,729,343,850.41

LIABILITIES

Current Liabilities
Financial Liabilities
Payables
Accounts Payable 745,641,605.49
Due to Officers and Employees 133,870,178.76
Tax Refunds Payable
Total Financial Liabilities 879,511,784.25
Inter-Agency Payables
Due to Treasurer of the Philippines 3,000,000,000.01
Due to BIR 74,399,484.12
Due to GSIS 18,546,557.58
Due to PAG-IBIG 4,825,004.81
Due to PHILHEALTH 1,717,830.41
Due to Other NGAs 179,682,682.37
Due to Government Corporations 8,963.92
Due to LGUs 15,651.57
Income Tax Payable -

Page 28 of 38
CIVIL AVIATION1.AUTHORITY
Adj in OfficeOF
Supplies,
THE PHILIPPINES
FOL, Other Supp reclassed to A/P (R/E)
STATEMENT OF2.FINANCIAL
Adj in semi-expendable
POSITION merged with Office Supp. Inventory
DECEMBER 31, 2017

Intra-Agency Payables
Due to Central Office
Due to Regional/Branch Offices
Due to Other Funds
Total Inter-Agency Payables 3,279,196,174.79

Provisions
Leave Benefits Payable 87,751,743.07
Other Provisions 17,257,323.32
105,009,066.39

Total Current Liabilities 4,263,717,025.43

Non-Current Liabilities
Trust Liabilities
Due to Other Funds
Guaranty Deposits Payable 50,014,455.59
Performance/Bidders/ Bail Bonds Payable 25,005,824.05
75,020,279.64

Deferred Credits
Other Deferred Credits 193,894,878.22

Provisions
Leave Benefits Payable 553,358,744.14

Other Payables 36,564,398.48

Total Non-Current Liabilities 858,838,300.48

TOTAL LIABILITIES 5,122,555,325.91

EQUITY

Government Equity
Share Capital 50,000,000,000.00
Share Premium 25,392,392,411.19
Adjustments on Government Equity -
Total Government Equity 75,392,392,411.19

Page 29 of 38
CIVIL AVIATION1.AUTHORITY
Adj in OfficeOF
Supplies,
THE PHILIPPINES
FOL, Other Supp reclassed to A/P (R/E)
STATEMENT OF2.FINANCIAL
Adj in semi-expendable
POSITION merged with Office Supp. Inventory
DECEMBER 31, 2017

Retained Earnings (Deficit)

Balances, January 1, 2018 (7,779,137,012.44)
Adjustments on Retained Earnings (1,595,117,268.79)
Adjusted Balances (9,374,254,281.23)
Current Operations 1,588,650,394.54
Balances, December 31, 2018 (7,785,603,886.69)

TOTAL EQUITY 67,606,788,524.50

TOTAL LIABILITIES AND EQUITY 72,729,343,850.41

0.00

Page 30 of 38
a Effect per Account
Clearance & Certification Fees (25,678.03)
Other Service Income 2,678,528.38
Rent Income 10,607,996.93
Transportation System Fees 96,581,982.47
Landing and Parking Fees 6,926,371.62
Fines and Penalties - Business Income 490,390.88
Income from Communication Facilities 22,185,930.25
Other Business Income 37,005.89
Miscellaneous Income 264,341.68
Interest Income 10,086.58
Interest Income (17,257,323.32)
Salaries and Wages - Regular Pay 54,371,441.68
Representation Allowance (RA) 8,490.00
Transportation Allowance (TA) (20,762.02)
Productivity Incentive Allowance 10,000.00
Honoraria 22,000.00
Hazard Pay 1,813,030.00
Overtime and Night Pay 2,989,199.55
Year End Bonus 28,464.90
Cash Gift (5,000.00)
Other Bonuses and Allowances 301,824.00
Retirement and Life Insurance Premiums 668,413.61
PAG-IBIG Contributions 15,965.91
PHILHEALTH Contributions 56,949.40
Terminal Leave Benefits (27,227,113.33)
Other Personnel Benefits 556,028.29
Traveling Expenses - Local 1,065,031.98
Traveling Expenses - Foreign 1,814,111.33
Training Expenses 1,101,888.43
Office Supplies Expenses 2,405,991.33
Accountable Forms Expenses (1,590,218.88)
Drugs & Medicines Expenses (69,000.00)
Medical, Dental and Laboratory Supplies Expenses 61,283.00
Fuel, Oil and Lubricants Expenses (992,462.96)
Semi-Expendable Machinery and Equipment Expenses 6,990.99
Semi-Expendable Furniture, Fixtures and Books Expenses 37,350.00
Other Supplies and Materials Expenses 8,280,022.11
Water Expenses 88,641.15
Electricity Expenses 1,357,840.19
Postage and Deliveries 19,036.52
Telephone Expenses 48,760.84
Internet Expenses 10,070.21
Cable, Satellite, Telegraph and Radio Expenses 531,723.41
Confidential Expenses 3,560,000.00
Consultancy Services 364,000.00
Other Professional Services (349,398.24)
Janitorial Services 932,922.49
Security Services 13,695,880.25
Other General Services 2,372,092.19
Repairs & Maintenance - Land Improvements 2,182,714.34
Repairs & Maintenance - Buildings and Other Structures 2,554,995.84
Repairs & Maintenance - Machinery and Equipment 705,613.64
Repairs & Maintenance - Transportation Equipment (1,117,745.28)
Representation Expenses (931,820.93)
Rent / Lease Expenses 1,843,920.00
Membership Dues & Contributions to Org. 1,750,890.10
Subscription Expenses 2,800.00
Other Maintenance & Operating Expenses 3,290,586.85
Depreciation - Land Improvements (19,165,516.43)
Depreciation - Infrastructure Assets 35,733,207.41
Depreciation - Buildings and Other Structures 1,062,841.10
Depreciation - Machinery and Equipment 49,754,478.03
Depreciation - Transportation Equipment (619,338.38)
Depreciation - Furniture, Fixtures and Books 108,044.47
Depreciation - Other Property Plant & Equipment (340,690.00)
Impairment Loss - Loans and Receivables (396,356,372.87)
Bank Charges (1,554.65)
Other Financial Charges (5,423,506.25)
Effect in NI c Row Labels Sum of Effect in NI
(25,678.03) AR A/D (66,533,026.20)
2,678,528.38 AR AI - Loan 396,356,372.87
10,607,996.93 AR AP (29,355,078.22)
96,581,982.47 AR AR 134,323,363.82
6,926,371.62 AR Due to GSIS (668,413.61)
490,390.88 AR Due to OE (63,499,719.85)
22,185,930.25 AR Due to PAG-IBIG (15,965.91)
37,005.89 AR Due to PHILHEALTH (56,949.40)
264,341.68 AR Int. Rec 10,086.58
10,086.58 Int. Rec Other Provision (17,257,323.32)
(17,257,323.32) Other Provision TL Payable 26,671,085.04
(54,371,441.68) Due to OE Adv to OE (3,560,000.00)
(8,490.00) Due to OE Office Supplies (2,450,332.32)
20,762.02 Due to OE Accountable Forms 1,590,218.88
(10,000.00) Due to OE Drugs and Meds 69,000.00
(22,000.00) Due to OE MDL (61,283.00)
(1,813,030.00) Due to OE FOL 992,462.96
(2,989,199.55) Due to OE Other Supplies (8,280,022.11)
(28,464.90) Due to OE Grand Total 368,274,476.21
5,000.00 Due to OE
(301,824.00) Due to OE
(668,413.61) Due to GSIS
(15,965.91) Due to PAG-IBIG
(56,949.40) Due to PHILHEALTH
27,227,113.33 TL Payable
(556,028.29) TL Payable
(1,065,031.98) Due to OE
(1,814,111.33) Due to OE
(1,101,888.43) Due to OE
(2,405,991.33) Office Supplies
1,590,218.88 Accountable Forms
69,000.00 Drugs and Meds
(61,283.00) MDL
992,462.96 FOL
(6,990.99) Office Supplies
(37,350.00) Office Supplies
(8,280,022.11) Other Supplies
(88,641.15) AP
(1,357,840.19) AP
 (19,036.52) AP
(48,760.84) AP
(10,070.21) AP
(531,723.41) AP
(3,560,000.00) Adv to OE
(364,000.00) AP
349,398.24 AP
(932,922.49) AP
(13,695,880.25) AP
(2,372,092.19) AP
(2,182,714.34) AP
(2,554,995.84) AP
(705,613.64) AP
1,117,745.28 AP
931,820.93 AP
(1,843,920.00) AP
(1,750,890.10) AP
(2,800.00) AP
(3,290,586.85) AP
19,165,516.43 A/D
(35,733,207.41) A/D
(1,062,841.10) A/D
(49,754,478.03) A/D
619,338.38 A/D
(108,044.47) A/D
340,690.00 A/D
396,356,372.87 AI - Loan
(1,554.65) AP
(5,423,506.25) AR
-46612401.54
A. Government Equity 3-01-01-020
Retained Earnings 3-07-01-010

A. Nature of Adjustments Amount

Recognition of Assets (Intech) (666,087,948.50)
Derecognition due to double recording bcoz of intech (depreciation) (9,892,496,129.04)
Recognition of Assets (DOTr) 4,938,000.00
Derecognition (15k and below) (2,719.00)
Impairment Loss A/R (11,341,566.96)
Impairment Loss of Other Assets (365,981,720.09)
Liquidation of C/A (165,601.86)
Prior years' income (transportation system fees) 21,265,705.00
Prior years' expenses (15,927,647.97)
Reclassifications - Assets (148,763,096.61)
Reclassifications - ???? - Assumed on other assets (45,152,257.90)

(11,119,714,982.93)

ppe
1 A12 2,094,877,599.47
2,094,877,599.47
2,236,090,561.88
Dr Cr 2018 Bal (Per AWP) 2017 Bal (Per CAAR)
- 75,392,392,411.19 75,392,392,411.19 86,512,107,394.12
20,329,297,869.54 9,318,724,990.84 (11,010,572,878.70) (8,513,229,789.91)
dividends (3,224,968,992.00)
(11,738,198,781.91)
Real Account Affected 727,625,903.21
All other PPE accounts (11,010,572,878.70)
All other PPE accounts
Communication Equipment
Various PPE
A.I - A/R
A.I - Other Assets
Adv
AR
AP
All other PPE accounts
Other Assets

pe

529,048,972.77 DE
ESV
Net Adjustment
(11,119,714,982.93)