ABC COOPERATIVE Silang, Cavite STATEMENTS OF FINANCIAL CONDITION As of December 31, 2020 and 2019
(Amounts in Philippine Pesos)
Notes20202019 ASSETS CURRENT ASSETS
Cash and Cash Equivalents
2,5
Loans and Receivables
2,6
Financial Assets at Fair Value through Profit and Loss
2,9
Inventories
2,7
Other Current Assets
2,8 Total Current Assets NON-CURRENT ASSETS
Financial Assets at Cost
2,9
Investment Property
2,10
Property, Plant and Equipment (net)
2,11
Other Non- Current Assets
2,12 Total Non-Current Assets TOTAL ASSETS LIABILITIES AND EQUITY LIABILITIES Current Liabilities
Deposit Liabilities- Short-term
2,13
Trade, Non-Trade and other payables
2,14
Loans payable- Short term
2,18
Due to Union/Federations
2,15
Interest on Share Capital Payable
2,16
Patronage Refund Payable
2,16
Other Current Liabilities
2,17 Total Current Liabilities Non-Current Liabilities
Deposit Liabilities - Long-term
2,13
Loans Payable-Long term
2,18
Retirement Fund Payable
2,19
Other Non-Current Liabilities
2,20 Total Non-Current Liabilities TOTAL LIABILITIES EQUITY
Share Capital
2,21
Donations/Grants
2,22
Statutory Funds Reserve Fund
2,23
Cooperative Education and Training Fund
2,23
Community Development Fund
2,23
Optional Fund
2,23 Total Statutory Funds
Revaluation Surplus
TOTAL EQUITY TOTAL LIABILITIES AND EQUITY
ABC COOPERATIVE East Avenue Corner EDSA, Quezon City STATEMENTS OF OPERATIONS For the years ended December 31, 2020 and 2019
(Amounts in Philippine Pesos)
Notes20202019
Income from Credit Operations
2,24
Income from Memorial Operations
2,24
Income from Consumer Store Operations
2,24 TOTAL INCOME Less Expenses NET SURPLUS DISTRIBUTED AS FOLLOWS:
Reserve Fund Cooperative Education and Training Fund Due to Unions/ Federations Community Development Fund Optional Fund Interest on Share Capital Patronage Refund
NET SURPLUS AS DISTRIBUTED
ABC COOPERATIVE East Avenue Corner EDSA, Quezon City STATEMENTS OF CHANGES IN EQUITY For the years ended December 31, 2020 and 2019
(Amounts in Philippine Pesos)
Notes20202019 SHARE CAPITAL Authorized 4,270,000 shares at Php 100 par value
Balance at beginning of year Add: Receipts from Payment of Subscription Total Adjustments
Balance at end of year 2,21 DONATIONS/GRANTS
Balance at beginning of year Add: Receipts Total Less: Withdrawals
Balance at end of year 2,22 STATUTORY FUNDS
Reserve Fund Balance at beginning of year Add: Allocation from Net Surplus Total Adjustments
Balance at end of year 2,23
Cooperative Education and Training Fund Balance at beginning of year Add: Allocation from Net Surplus Total Expenditures/adjustments
Balance at end of year 2,23
Community Development Fund Balance at beginning of year Add: Allocation from Net Surplus Total Expenditures
Balance at end of year 2,23
Optional Fund Balance at beginning of year Add: Allocation from Net Surplus Total Adjustments
Balance at end of year 2,23 TOTAL STATUTORY FUNDS REVALUATION SURPLUS TOTAL EQUITY
See Accompanying Notes to Financial Statements.
ABC COOPERATIVE Silang, Cavite STATEMENTS OF CASH FLOWS For the years ended December 31, 2020 and 2019
(Amounts in Philippine Pesos)
Notes20202019 CASH FLOWS FROM OPERATING ACTIVITIES
Net Surplus - Adjustments to reconcile net surplus to net cash provided by operating activities Depreciation
Operating Income before Working Capital Changes
Changes in Assets and Liabilities Decrease (Increase) in: Loans and Receivables
2,6
Inventories
2,7
Other Current Assets
2,8
Increase (Decrease) in: Deposit Liabilities
2,13
Trade, Non-Trade and other payables
2,14
Due to Union/Federation
2,15
Other Current Liabilities
2,17
Payment of Interest on Share Capital Payment of Patronage Refund
2,16 Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES
Investment in Non-Marketable Equity Securities
2,9
Net Acquisitions of Property and Equipment
2,11
Increase in Non-Current Assets
2,12
Increase in Investment Property
2,10 Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES
Net Changes in Share Capital
2,21
Utilizations of Statutory Funds
2,23
Changes in Retirement Fund Payable
2,19
Changes in Non-Current Liabilities
2,20
Increase in Loans Payable
2,18 Net cash provided by (used in) financing activities
NET INCREASE IN CASH AND CASH EQUIVALENTS ADD: CASH AND CASH EQUIVALENTS, JANUARY 1
CASH AND CASH EQUIVALENTS, DECEMBER 31
See Accompanying Notes to Financial Statements.