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ANNUAL

PIDS Annual Report 2006 - Pids.gov.ph

PIDS Annual Report 2006 - Pids.gov.ph

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11. EQUITYThe details of the account are presented below:The endowment fund represents the total funds released by the Bureau of Treasury thru the Departmentof Budget and Management for the PIDS Endowment Fund which was established under PresidentialDecree No. 1201, the Charter creating the Institute, purposely to be invested, the earnings of whichshall be used in the Research Operations of the Institute.The investment surplus-held in trust represents the total cost of fixed assets purchased and used in theimplementation of externally-funded projects.12. SUBSIDY FROM NATIONAL GOVERNMENTThis represents the subsidy received from the national government for operating expenses in support ofthe research operations of the Institute.13. SALE OF PUBLICATIONSThis represents the proceeds from sale of various articles published by the Institute both sold in-houseand through consignment.14. MISCELLANEOUS/OTHER INCOMEPIDS 2006 <strong>ANNUAL</strong> REPORT38The main source of this income is the externally-funded research projects which were completed andclosed during the year.

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