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FINANCIAL STATEMENT National Maritime polytechnic Tacloban City pre-closing Balance Sheet December 31, 2011 ASSETS Current Assets Cash Petty Cash Fund P 110,304.52 Payroll Fund 40,783.88 Cash National Treasury-MDS 6,819,684.29 Cash in Bank - Local Currency - CA 7,472,871.36 Cash in Bank - Foreign Currency, Savings 461,160.83 P 14,904,804.88 Receivables Due from NGAs 24,460,000.00 Receivables - Disallowances 281,843.66 Advances to Officers and Employees 112,745.92 P 24,854,589.58 Inventories Office Supplies Inventory 624,600.58 Drugs and Medicines Inventory 42,999.27 Medical, Dental and Laboratory Supplies Inv 3,520.01 Textbooks and Instructional Mat. Inv. 261,979.47 Other Supplies Inventory 332,711,.74 Spare Parts Inventory 258,529.77 Construction Materials Inventory 537,852.78 P 2,062,193.62 Prepayment Prepaid Rent 2011 Annual Report 68,000.00 Prepaid Insurance 185,846.33 Advances to Contractors 226,057.65 P 479,903.98 Fixed Assets Land 51,035,451.50 Land Improvement (LI) 1,110,682.52 Accumulated Depreciation-LI (395,842.63) Electrification, Power & Energy Structures 872,864.00 Accumulated Depreciation-Electrification (328,503.81) Buildings 499,688,528.07 Accumulated Depreciation-Buildings (333,052.723.24) Office Equipment 6,116,651.75 Accumulated Depreciation-Office Eqpt. (2,759.113.05) Furnitures and Fixtures 13,319,893.28 Accumulated Depreciation-Furni. & Fixt. (11,450,651.98) IT Equipment and Software 11,424,044.45 Accumulated Depreciation-IT Eqpt. (7,658,852.85) Library Books 4,263,133.32 Accumulated Depreciation-Books (3,179,275.37) Machineries 2,148,570.00 Accumulated Depreciation-Machineries (501,678.32) Communication Equipment 358,217.50 Accumulated Depreciation-Communication (197,191.00) Firefighting Equipment and Accessories 10,371,041.62 Accumulated Depreciation-Firefighting (5,270,580.33) Medical, Dental and Laboratory Equipment 81,868.00 Accumulated Depreciation-Medical (42,132.29) Technical and Scientific Equipment 90,403,620.85 Accumulated Depreciation-Tech & Scien (29,998,963.98) Other Machineries and Equipment 2,615,741.00 Accumulated Depreciation-Other Machinery & E (1,373,896.91) Motor Vehicles 7,617,682.57 Accumulated Depreciation-Motor Vihicles (4,381,949.31) Watercrafts 20,846,830.00 Accumulated Depreciation-Watercrafts (2,291,231.45) Other Property, Plant and Equipment 1,661,259.23 Accumulated Depreciation-Other PPE (496,597.02) P 320,556,896.12 Total Assets P 362,858,388.18 LIABILITIES and Equity Current Liabilities Accounts Payable P 6,867,942.23 Due to National Treasury 33,481.54 Due to BIR 984.60 Guaranty Deposit Payable 19,500.50 Performance Bond Payable 527,116.71 Other Payables 11,036.08 P 7,460,061.66 Equity Beginning Balance P 337,513,214.95 Prior Years Adjustment (3,327,639.95) Current Operations 20,639,572.60 Equity 573,178,.92 355,398,326.52 TOTAL LIABILITIES AND EQUITY P 362,858,388.18 2011 Annual Report 25 NMP Annual Report 2011
National Maritime Polytechnic Tacloban City Income statement for the Year Ended December 31, 2011 Income Subsidy Income from National Government Receipt from Notice of Cash Allocation P 99,921,348.00 Tax Remittance Advice 4,492,133.04 Total P 104,413,481.04 Less: Reversion of Unsused NCA 939,081.73 Return of Excess from liquidation of cash advances 63,403.01 P 103,410,996.30 Seminar Fees 13,112,257.53 Income from Dormitory Operation 169,250.00 Miscellaneous Operating and Service Income 791,344.69 Other Services Income 6,900.00 Interest Income 639.18 Gain/Loss Accounts Gain/Loss on Foreign Exchange (FOREX) (91,856.68) TOTAL INCOME P 117,399,531.02 Less: Expenses Salaries and Wages - Regular Pay 24,210,965.95 Personnel Economic Relief Allowance 2,483,790.11 Representation Allowance 200,000.00 Transportation Allowance 188,441.89 Clothing Allowance 420,000.00 Productivity Incentive Bonus 220,000.00 Honoraria 3,559,901.20 Longevity Pay 4,015.62 Overtime and Night Pay 75,697.72 Cash Gift 522,000.00 Year-End Bonus 2,086,816.15 Life and Retirement Insurance Contribution 2,877,780.87 Pag-ibig Contribution 123,228.28 Philhealth Contribution 280,125.00 ECC Contribution 122,670.13 Terminal Leave Benefits 806,894.77 Health Workers Benefits 110,132.39 Other Personnel Benefits 3,677,363.39 Travelling Expense - Local 2,157,409.88 Travelling Expense - Foreign 47,835.83 Training Expenses 1,772,889.35 Scholarship Expenses 6,000.00 2011 Annual Report Office Supplies Expense 1,691,841.72 Accountable Forms Expense 130,250.00 Drugs and Medicine Expense 97,657.69 Medical and Dental Expense 31,013.16 Gasoline, Oil and Lubricants 1,361,293.26 Textbooks and Instructional Expense 552,206.83 Other Supplies Expense 737,728.34 Water Expense 259,273.27 Electricity Expense 3,327,562.39 Postage and Deliveries 126,171.70 Telephone Expense - Landline 308,923.68 Telephone Expense - Mobile 97,596.42 Internet Expense 698,418.00 Cable, Satellite, Telegraph and Radio Expenses 5,600.00 Membership Due and Contribution to Org. 23,250.00 Advertising Expense 81,804.00 Printing and Binding Expense 1,199,062.00 Rent Expense 1,016,965.59 Representation Expense 1,471,392.73 Trasportation and Delivery Expense 2,373.35 Subscription Expense 186,892.00 Legal Services 147,190.00 Auditing Services 8,139.50 General Services 1,304,919.96 Security Services 3,509,785.18 Other Professional Services 449,082.74 Repairs and Maintenance-Building 236,072.80 Repairs and Maintenance-Office Equipment 9,000.00 Repairs and Maintenance-IT Equipment & Software 3,000.00 Repairs and Maintenance - Motor Vehicle 15,753.90 Extraordinary Expenses 2,589.00 Miscellaneous Expenses 75,553.14 Taxes, Duties and Fees 23,854.36 Fidelity Bond Premium 214,842.73 Insurance Expense 846,768.55 Depreciation Expense-Land Improvements 183,262.64 Depreciation Expense-Electrical, Power & Energy 111,806.31 Depreciation Expense-Buildings 13,567,337.44 Depreciation Expense-Office Equipment 689,429.13 Depreciation Expense-Furnitures and Fixtures 211,058.00 Depreciation Expense-IT Equipment 836,745.17 Depreciation Expense-Library Books 212,629.67 Depreciation Expense-Machineries 249,220.97 Depreciation Expense-Communication Equipment 45,589.71 Depreciation Expense-Firefighting Equipment 1,565,819.97 Depreciation Expense-Medical, Dental & Lab. 8,768.54 Depreciation Expense-Tech. and Scien. Equipment 5,524,435.51 Depreciation Expense-Other Maintenance & Eqpt 313,874.07 Depreciation Expense-Motor Vehicles 124,905.00 Depreciation Expense-Watercraft 1,381,198.78 Depreciation Expense-Other PPE 167,497.52 Other Maintenance & Operating Expenses 5,357,486.47 Bank Charges 1,107.00 Total Expenses P 96,759,958.42 Net Subsidy Over Expense P 20,639,572.60 Statement of Cash Flows Period Ended January 01, 2011 to December 31, 2011 Cash Flow from Operating Activities: Cash Inflows: Receipts of NCA from DBM Regular P 99,921,348.00 Staled/Cancelled Checks 457,238.86 Receipts of refund of cash advance 34,858.36 Unclaimed checks 2011 6,867,942.23 Cash reciepts from interest income 693.18 Cash reciepts from seminar fees 13,112,257.53 Cash reciepts from other services income 6,900.00 Cash reciepts from dormitory operations 169,250.00 Cash reciepts from miscellaneous income 791,344.69 Total Cash Inflows P 121,361,778.85 Cash Outflows: Reversing entry for CY 2010 unreleased checks MDS 1,994,784.66 LCCA 416,773.07 Returned of unused NCA 939,081.73 Liquidation of cash advance 421,696.97 Gain/Loss on Foreign Exchange 91,856.68 Cash payment for operating expenses 97,770,643.53 Total Cash Outflows P 101,634,836.64 Cash Provided from Operating Activities P 19,726,942.21 Cash Flow from Investing Activities Cash Inflows: Staled/Cancelled Checks P 10,219.54 Total Cash Inflows 10,219.54 Cash Outflows: Disbursement P 13,139,455.42 Total Cash Outflows 13,139,455.42 Cash Provided by Investing Activities P(13,129,235.88) Total Cash Provided by Operating and Investing Activities 6,597,706.33 Add: Cash Balance. Beginning January 1, 2011 8,307,098.55 Cash Balance, Ending P 14,904,804.88 2011 Annual Report NMP Annual Report 2011 26
Page 1 and 2: 2011 Annual Report Navigating Towar
Page 4 and 5: LETTER TO THE PRESIDENT June 28, 20
Page 6 and 7: REPORT FROM THE OFFICE OF THE EXECU
Page 8 and 9: Navigating Towards the Blue Ocean M
Page 10 and 11: TOWARDS BECOMING A MARITIME FACULTY
Page 12 and 13: Navigating Towards the Blue Ocean M
Page 14 and 15: 4. A Study on the Profile of Employ
Page 16 and 17: Navigating Towards the Blue Ocean A
Page 18 and 19: (L-R) Program Host Rollie Montilla,
Page 20 and 21: Instituting Value-based Reforms Att
Page 22 and 23: providers like LEYECO, DBP, BAYANTE
Page 24 and 25: BOARD OF TRUSTEES NMP BOT and key o
Page 26 and 27: 2011 Annual Report KEY OFFICIALS Pl
Page 30 and 31: 2011 Annual Report 2011 Annual Repo
Page 32: Main Office: Cabalawan, Tacloban Ci

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