Policy Research Helping Provide Affordable Rice to Filipinos

2004 Annual Report6. Marketable SecuritiesThis account consists of the following:2004 2003Treasury Bills - Investible Funds P 68,015,271 P 94,435,926Treasury Bills - Funds for Operations 18,795,887 27,269,642Treasury Bills – PASCN 985,814 2,638,944P 87,796,972 P 124,344,5127. Long-Term InvestmentsThis account consists of the following:2004 2003Investment in Stocks P 35,000 P 35,000Investment in Bonds-Investible Funds 228,935,492 183,574,788Investment in Bonds-Funds for Operations 2,804,189 2,496,772P 231,774,681 P 186,106,5608. Property, Plant and EquipmentThis consists of fixed assets acquired by the Instituteand those held-in-trust in the amount of P3,745,864which are utilized in the execution of various researchprojects. The account is broken down as follows:2004 2003Leasehold Improvements P 1,881,324 P 1,881,324Fire Fighting Equipment 2,037 2,037IT Equipment 18,017,959 13,540,747Communication Equipment 92,571 71,581Sports Equipment 17,550 -Motor Vehicle and Accessories 3,975,085 3,975,085Office Equipment 2,045,223 1,527,982Furniture and Fixtures 1,537,883 1,555,432Books 459,255 435,403PPE - Held in Trust 3,745,864 2,496,571Total 31,774,751 25,486,163Less Accumulated Depreciation 18,329,373 15,888,716Net Book Value P 13,445,378 9,597,4479. Due to GOCCs, NGAs and OthersThe details of the account is as follows:2004 2003BAR – SSSPR PAF P 3185,151 P 5,462,984BAR – A Comprehensive Assessment 932,917 1,832,905BAR – Rice and Mango 1,645,466 -BAR – RDE Network 127,485 -GTEB 298,550 -POPCOM – SPPR 1,086,083 -PASCN PROPER 1,370,972 1,519,105PIDS/PASCN - Competition Policy Project - 200,000PHILRICE 346,965JPEP Project - 468,502Asian Scholarship Foundation 32,796UNIFEM 86,555UNDP – Integration 30,037 -UNDP – Globalization - 80,280UNDP – SEA/HDR 36,149UNDP – Research Manager 116,536 34,713World Health Organization 724,046World Bank 1,027,495 225,307Other Payables 605 1,984PIDS Provident Fund 1,602 850Totals P 11,049,410 P 9,826,63010. EquityDetails of the equity is presented as follows:2004 2003Government EquityEndowment Fund P 232,440,725 P 225,140,725Investment Surplus-Held in Trust 3,745,864 2,496,571Donated Capital – Capital Assets 1,534,304 1,534,303Donated Capital–Printing and Publications 0 1,636,913237,720,893 230,808,512Retained Operating SurplusBalance beginning 115,194,832 117,256,693Income for the Period 3,025,283 574,140Fundamental Errors 3,330,539 (2,636,001)121,550,654 115,194,832P 359,271,547 P 346,003,344The endowment fund represents the total funds releasedby the Bureau of Treasury thru the Departmentof Budget and Management for PIDS EndowmentFund which was established under Presidential DecreeNo. 1201, charter creating the Institute, purposely tobe invested, the earnings of which shall be used in theResearch Operations of the Institute.III. INCOME STATEMENT11. Subsidy Income from National GovernmentThis represents the subsidy received from the nationalgovernment for operating expenses in support to theresearch operation of the Institute.12. Sale of PublicationsThis represents the proceeds from sale of various articlespublished by the Institute both sold inhouse andthrough consignment.13. Telephone/InternetThe amount represents the cost of monthly rental forPLDT telephone lines including charges for officiallong distance calls and cost of monthly service fee forthe Institute’s internet service provider.14. Travelling ExpensesThe amount represents mainly the cost of travel incurredin the Regional Fora/Consultation Meetingsconducted by the Research Information Staff in connectionwith the dissemination program of the Institute.15. Other ExpensesThis account consists of the following objects of expenditures:2004 2003Cost of Complimentary Copies P 730,783 P 566,021Health Maintenance 474,005 424,821Athletic/Cultural 7,138 113,984Miscellaneous 45,949 99,100P 1,257,875 P 1,203,92649