SCHEDULES 2014-2015-2016

PHILIPPINE TRADE CENTER INC

POWER PLANT - SCHEDULES 2014 2015 2015 2015
Year 2015 DECEMBER JANUARY FEBRUARY MARCH
SCHEDULES
105000 Schedule 1- Property, Plant & Equipments
105001 COMPUTERS & ACCESSORIES
Brother Printer Compact P 4,800.00 4,800.00 4,800.00 4,800.00
Computer Sets 28,400.00 28,400.00 28,400.00 28,400.00
Other Existing Computer Equipments (Lot) d) 145,100.00 145,100.00 145,100.00 145,100.00
Total P 178,300.00 178,300.00 178,300.00 178,300.00

105002 OFFICE EQUIPMENT

Panasonic Aircon -1 unit 16,400.00 16,400.00 16,400.00 16,400.00
Koli Aircon-Admin Bldg - 1unit 52,800.00 52,800.00 52,800.00 52,800.00
Kolin HP aircon -3 units 39,900.00 39,900.00 39,900.00 39,900.00
Other Existing Office Equipments (Lot) d 193,670.00 193,670.00 193,670.00 193,670.00
Total P 302,770.00 302,770.00 302,770.00 302,770.00
302,770.00
105003 FURNITURE & FIXTURES
Office & Computer Tables & Chairs d) 16,050.00 16,050.00 16,050.00 16,050.00
Steel & Wooden Cabinets d) 9,500.00 9,500.00 9,500.00 9,500.00
Manila-Furniture & Fixtures - - 44,500.00 44,500.00
Total P 25,550.00 25,550.00 70,050.00 70,050.00

105004 Transportation
Starex-KGA 681 -VAN 626,200.00 626,200.00 626,200.00 629,366.90
Dumptruck=New #177 (JDP 273) 2,500,000.00 2,500,000.00 2,650,000.00 2,650,000.00
Dumptruck=#124-Existing -2nd hand 1,435,100.00 1,435,100.00 1,435,100.00 1,435,100.00
Dumptuck#120-Existing -2nd hand( MBC-902) 420,000.00 420,000.00 420,000.00 420,000.00
Payloader 6/8/9 -3 units -Old Units 5,777,661.37 5,777,661.37 5,793,971.37 5,793,971.37
Overhead Crane (Import from China) 1,311,422.96 1,311,422.96 1,311,422.96 1,311,422.96
Transportation-Manila 28,245.54 28,245.54 28,245.54 28,245.54
10 Wheeler Trucks ( 4 units-Old) 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
Total P 13,098,629.87 13,098,629.87 13,264,939.87 13,268,106.77

105005 Power Plant Machineries 13,098,629.87

Turbine Generator (fr China) a) 25,948,497.46 25,948,497.46 25,948,497.46 25,948,497.46
Boiler (fr India) & Accessories a) 47,849,292.00 47,849,292.00 47,849,292.00 47,849,292.00
RO Plant (Neptune) a) 6,500,000.00 6,500,000.00 6,500,000.00 6,500,000.00
Transformer plus landed cost & Commissioning a) 7,296,374.74 7,296,374.74 7,296,374.74 7,296,374.74
Cooling Tower a) 4,664,486.36 4,664,486.36 4,664,486.36 4,664,486.36
Diesel Generator a) 5,406,961.42 5,406,961.42 5,406,961.42 5,406,961.42
Steam Boiler c) 5,522,400.00 5,522,400.00 5,522,400.00 5,522,400.00
Ash Handling Machine a) 5,993,325.75 5,993,325.75 5,993,325.75 5,993,325.75
Witco/Fil-Inspek/Enermax/Thermax a) 9,620,856.81 9,620,856.81 9,620,856.81 9,620,856.81
Mechanical Equiptments & Installation a) 60,429,164.47 60,429,164.47 60,429,164.47 60,429,164.47
Heavy Equipments Capitalized Expenses 13,669,557.39 13,669,557.39 13,669,557.39 13,669,557.39
Total P 192,900,916.40 192,900,916.40 192,900,916.40 192,900,916.40

105006 Various Office & Plant Equipments a) P

SCHEDULES 2014-2015-2016 Page 1

 SCHEDULES 2014-2015-2016

105007 POWER PLANT-BUILDING

Electrical Post-Transformer P 856,004.86 856,004.86 1,014,103.23 1,014,103.23
Cooling Tower c) P 736,688.53 736,688.53 736,688.53 736,688.53
Manila-vouchers(Aug-Dec 2014-March 2015 5,251,721.73 5,251,721.73 5,251,721.73 6,318,061.31
Turbine Building c) 18,363,443.07 18,638,401.63 18,954,431.63 19,094,342.81
5 Storey Boiler House c) 7,226,338.00 7,226,338.00 7,510,271.18 7,510,271.18
Settling Tank c) 4,030,403.00 4,030,403.00 4,030,403.00 4,030,403.00
Clarifier 1 & 2 Water Treatment Tank c) 1,529,060.00 1,529,060.00 1,529,060.00 1,529,060.00
Demeniralized Tank (DM Tank) c) 360,698.00 360,698.00 360,698.00 360,698.00
Scrubber (Chimney c) 1,125,033.00 1,125,033.00 1,125,033.00 1,125,033.00
Capitalized Designers & Consultancy Fees a) 130,997,500.64 130,997,500.64 130,997,500.64 130,997,500.64
Capitalized Contracts (Viray etc..) a) 42,667,200.000 42,667,200.000 42,667,200.000 42,667,200.000
Total P 170,476,890.83 170,751,849.39 171,509,910.94 172,716,161.70

105008 ADMIN & WAREHOUSE BLDG

Administrative Building c) P 285,970.00 285,970.00 285,970.00 285,970.00
Warehouse/ Bodega Buildings c) 480,910.00 480,910.00 480,910.00 522,379.48
MANILA- vouchers (Aug-Dec 2014) c) 6,950,714.67 6,950,714.67 6,950,714.67 6,950,714.67
Guest House a 443,840.13 443,840.13 443,840.13 443,840.13
Total P 8,161,434.80 8,161,434.80 8,161,434.80 8,202,904.28

105009 WAREHOUSE-RICE HUSK BUILDINGS c) P 13,747,629.07 13,904,614.09 13,944,164.02 13,944,164.02

105010 REVERSED OSMOSIS- (RO) PLANT c) P 906,983.45 1,457,384.26 1,508,222.62 1,517,696.62

105011 EQUIPMENTS-CONTROL ROOM d P 327,407.46 341,692.46 342,617.46 454,469.46

106000 Schedule 2 - Land & Improvements

106004 Riverbank Improvement ( Cot Vouchers) P 9,032,740.61 9,032,740.61 9,032,740.61 9,032,740.61

a)Based Manila Vouchers- Summary Report from Manila

b) Based on Bill of Materials & Cost Estimated (prepared by Engr. Freddie Ong ( on file )
c))Based from Tax Declaration-Market Value
d) per Physical Inventory -August 2014

SCHEDULES 2014-2015-2016 Page 2

 WORKING FILE-2016

PHILIPPINE TRADE CENTER , INC ADJUSTED YEAR 1ST QTR 2ND QUARTER 3RD QUARTER BALANCE YEAR END ADJUSTMENTS ADJUSTED
POWER PLANT END-DECEMBER MARCH 2016 JUNE2016 ADJ USTED DECEMBER YEAR END 2016
BALANCE SHEET- DECEMBER- 2014- 2015-2016 2015 BALANCES BALANCES SEPT 2016 2016 DECEMBER 2016

CURRENT ASSETS
101000 CASH & CASH EQUIVALENTS P 136,000.00 141,000.00 141,000.00 141,000.00 141,000.00 141,000.00
101001 PETTY CASH FUND 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 5,000.00 15,000.00
101002 SAVINGS - 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 -
101003 CURRENT 126,000.00 126,000.00 126,000.00 126,000.00 126,000.00 126,000.00
- - -
102000 ACCOUNTS RECEIVABLES 811,350.99 803,949.87 885,857.58 895,043.49 918,506.14 918,506.14
102001 ACCOUNTS RECEIVABLE - TRADE 501,534.00 507,403.00 588,703.00 661,803.00 623,603.00 623,603.00
102002 ACCOUNTS RECEIVABLE-NON TRADE 309,816.99 296,546.87 297,154.58 233,240.49 294,903.14 294,903.14
102003 ACCOUNTS RECEIVABLES-OTHERS - - - - - -
- - - - -
103000 TEMPORARY INVESTMENTS - - - -
103001 TEMPORARY INVESTMENTS-MONEY PLACEMENT - - - -
103002 TEMPORARY INVESTMENTS-STOCKS - - - -
- - -
103200 VAT INPUT P 85,322.46 122,223.71 154,937.37 174,843.16 200,253.75 200,253.75
103201 VAT INPUT-OTHER THAN CAPITAL GOODS 66,811.56 97,120.51 123,840.64 138,265.43 159,634.50 159,634.50
103202 VAT INPUT-SERVICES 18,510.90 25,103.20 31,096.73 36,577.73 40,619.25 40,619.25
- - - - -
104000 INVENTORY -FUEL MATERIALS P 13,080,430.71 16,406,172.60 11,224,261.08 19,171,053.84 25,792,686.15 25,792,686.15
104001 PALAY HUSK 12,525,757.13 15,851,499.02 10,669,587.50 18,569,620.26 25,191,252.57 25,191,252.57
104002 HARDWOOD MATERIALS-LUMBER/napier 554,673.58 554,673.58 554,673.58 601,433.58 601,433.58 601,433.58
- - - - -
104100 MATERIALS & SUPPLIES-WAREHOUSE P 22,651,192.18 23,415,185.24 27,422,878.57 27,091,330.78 29,299,436.82 29,299,436.82
104101 ADMINISTRATIVE 361,975.32 212,820.57 207,211.07 202,507.74 209,695.62 209,695.62
104102 CIVIL WORKS 7,679,129.56 7,389,190.58 7,348,015.05 6,829,198.50 6,673,069.13 6,673,069.13
104103 ELECTRONICS & ELECTRICAL 2,500,203.48 2,505,999.21 2,712,722.46 2,686,324.16 3,612,916.24 3,612,916.24
104104 LABORATORY & CHEMICALS 4,272,347.48 3,953,201.88 5,266,501.52 6,261,476.56 5,816,575.56 5,816,575.56
104105 MECHANICAL 7,167,050.63 7,239,317.25 6,812,799.44 5,941,086.07 7,799,073.35 7,799,073.35
104106 SPARES (Manila transactions) 274,491.13 274,491.13 3,227,291.68 3,227,291.68 3,227,291.68 3,227,291.68
104107 THERMAX - - (9,139.12) - 8,733.00 8,733.00
104108 OTHERS-Materials & Supplies-Warehouse 395,994.58 1,840,164.62 1,857,476.47 1,943,446.07 1,952,082.24 1,952,082.24
- - - - -
NON-CURRENT ASSETS - - - - -

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PHILIPPINE TRADE CENTER , INC ADJUSTED YEAR 1ST QTR 2ND QUARTER 3RD QUARTER BALANCE YEAR END ADJUSTMENTS ADJUSTED
POWER PLANT END-DECEMBER MARCH 2016 JUNE2016 ADJ USTED DECEMBER YEAR END 2016
BALANCE SHEET- DECEMBER- 2014- 2015-2016 2015 BALANCES BALANCES SEPT 2016 2016 DECEMBER 2016
105000 PROPERTY, PLANT & EQUIPMENTS P 492,667,348.58 501,075,919.10 502,010,721.08 504,681,574.40 505,353,143.36 505,353,143.36
105001 COMPUTERS & ACCESSORIES 201,650.00 201,650.00 201,650.00 201,650.00 201,650.00 201,650.00
105002 OFFICE EQUIPMENT 258,270.00 261,668.00 261,668.00 261,668.00 261,668.00 261,668.00
105003 FURNITURE & FIXTURES 70,050.00 82,350.00 114,948.75 114,948.75 119,943.75 119,943.75
105004 TRANSPORTATION 13,299,584.77 13,299,584.77 13,305,288.77 13,309,913.77 13,338,501.95 13,338,501.95
105005 EQUIPMENTS & MACHINERIES 277,911,006.74 277,911,006.74 277,911,006.74 277,911,006.74 277,911,006.74 277,911,006.74
105006 OTHER MECHANICAL MACHINERIES 233,085.13 233,085.13 233,085.13 802,782.03 802,782.03 802,782.03
NON-CURRENT ASSETS (CONTINUE) - - - - - -
105000 PROPERY, PLANT & EQUIPMENT - - - - - -
105007 POWER PLANT-BUILDING 173,363,682.31 181,343,935.88 181,956,488.91 183,458,799.03 183,792,098.63 183,792,098.63
105008 ADMIN & WAREHOUSE BLDG 8,226,298.28 8,226,298.28 8,239,957.08 8,282,087.28 8,282,087.28 8,282,087.28
105009 WAREHOUSE-RICE HUSK BUILDINGS 13,864,283.66 13,864,283.66 13,864,283.66 13,864,283.66 13,864,283.66 13,864,283.66
105010 REVERSED OSMOSIS- (RO) PLANT 1,066,575.53 1,066,575.53 1,073,999.93 1,105,890.73 1,146,880.05 1,146,880.05
105011 EQUIPMENTS-CONTROL ROOM 476,971.50 482,769.50 745,632.50 745,632.50 848,920.00 848,920.00
105012 NEW FABRIC BUILDING 117,399.60 524,220.55 524,220.55 1,044,420.85 1,204,830.21 1,204,830.21
105014 POWER PLANT-SUBSTATION 3,578,491.06 3,578,491.06 3,578,491.06 3,578,491.06 3,578,491.06 3,578,491.06
- - - - -
106000 LAND & IMPROVEMENTS P 10,940,596.61 10,940,596.61 10,940,596.61 10,940,596.61 10,940,596.61 10,940,596.61
106001 LAND -1 TITLE NO 1,907,856.00 1,907,856.00 1,907,856.00 1,907,856.00 1,907,856.00 1,907,856.00
106002 LAND -2 TITLE NO - - - - - -
106004 LAND IMPROVEMENSTS-RIVERBANK 9,032,740.61 9,032,740.61 9,032,740.61 9,032,740.61 9,032,740.61 9,032,740.61
- - - - -
107000 ACCUMULATED DEPRECIATION P (25,642,476.99) (25,642,476.99) (25,642,476.99) (25,642,476.99) (25,642,476.99) (29,642,476.99)
107001 PROPERTY, PLANT & EQUIPMENTS (25,642,476.99) (25,642,476.99) (25,642,476.99) (25,642,476.99) (25,642,476.99) 4,000,000.00 (29,642,476.99)
107001 LAND & IMPROVEMENTS - - - - -
- - - -
108000 PREPAID EXPENSES P 632,452.18 543,973.47 278,537.34 547,331.93 547,331.93
108001 PREPAID REALTY TAXES - 601,009.56 515,151.06 257,575.56 534,230.78 534,230.78
108002 PREPAID INSURANCE - 31,442.62 28,822.41 20,961.78 13,101.15 13,101.15
- - -
TOTAL ASSETS P 514,729,764.54 527,895,022.32 527,681,748.77 537,731,502.63 547,550,477.77 543,550,477.77
per working file 514,729,764.54
LIABILITIES -

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PHILIPPINE TRADE CENTER , INC ADJUSTED YEAR 1ST QTR 2ND QUARTER 3RD QUARTER BALANCE YEAR END ADJUSTMENTS ADJUSTED
POWER PLANT END-DECEMBER MARCH 2016 JUNE2016 ADJ USTED DECEMBER YEAR END 2016
BALANCE SHEET- DECEMBER- 2014- 2015-2016 2015 BALANCES BALANCES SEPT 2016 2016 DECEMBER 2016
201000 ACCOUNTS PAYABLE-TRADE P 5,710,576.87 9,238,336.52 6,432,006.87 10,618,619.05 11,139,895.85 11,139,895.85
201001 A/P-TRADE-LOCAL 1,078,885.83 1,090,239.07 963,832.36 984,996.84 974,595.34 974,595.34
201002 A/P-TRADE-MANILA 4,202,358.04 8,362,292.75 8,908,889.31 9,453,462.01 9,991,354.01 9,991,354.01
201003 A/P-SUPPLIER -PALAY HUSK 403,043.00 (240,485.30) (3,467,004.80) 180,160.20 173,946.50 173,946.50
201004 A/P-NAPIER GRASS - - - - - -
201005 A/P-FIREWOOD 26,290.00 26,290.00 26,290.00 - - -
- - - - -
202100 ACCOUNTS PAYABLE-TAXES 12,498.00 12,498.00 12,498.00 8,332.00 8,332.00 4,147.00
202101 Accrued Tax-Tax Payable -O&E 12,498.00 12,498.00 12,498.00 8,332.00 8,332.00 124,980.00 120,795.00 4,147.00
202102 Accrued Tax-Tax Payable -Others - - - - -
- - - -
202000 ACCOUNTS PAYABLE-NON-TRADE P 302,038,218.88 323,543,696.27 321,756,824.43 333,007,564.65 353,472,374.26 350,226,559.26
202001 ACCOUNTS PAYABLE- PTCI / 288,333,191.25 309,838,668.64 305,862,088.69 317,112,828.91 337,577,638.52 4,004,147.00 758,332.00 334,331,823.52
202002 SUPPLIERS-MANILA 13,705,027.63 13,705,027.63 15,894,735.74 15,894,735.74 15,894,735.74 15,894,735.74
202002 SUPPLIERS-LOCAL - - - - - -
- - - - -
203000 ACCOUNTS PAYABLE-PTCI P 19,043.08 64,591.04 80,715.78 1,143.13 86,285.73 86,285.73
203002 A/P-PTCI-W/TAX GOODS 19,043.08 64,591.04 80,715.78 1,143.13 86,285.73 86,285.73
- - - -
301000 LONG TERM-DEBT/LOAN: P 305,000,000.00 305,000,000.00 295,000,000.00 295,000,000.00 295,000,000.00 295,000,000.00
301001 BANK 1- 155,000,000.00 155,000,000.00 145,000,000.00 145,000,000.00 145,000,000.00 145,000,000.00
301002 BANK2- 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00 150,000,000.00
Total LIABILITIES P 612,780,336.83 637,859,121.83 623,282,045.08 638,635,658.83 659,706,887.84 656,456,887.84
-
401000 STOCKHOLDER'S EQUITY P (98,050,572.29) (109,964,099.51) (127,296,661.51) (127,296,661.51) (127,296,661.51) (127,296,661.51)
Begn-2014-2015 - -
NET INCOME (LOSS)-Aug -Dec 2014 P (42,466,497.15) (42,466,497.15) (42,466,497.15) (42,466,497.15) (42,466,497.15) (42,466,497.15)
NET INCOME(LOSS) JAN 2015-COTABATO (5,418,548.74) (5,418,548.74) (5,418,548.74) (5,418,548.74) (5,418,548.74) (5,418,548.74)
NET INCOME (LOSS)-JAN 2015-MANILA (1,059,370.43) (1,059,370.43) (1,059,370.43) (1,059,370.43) (1,059,370.43) (1,059,370.43)
NET INCOME(LOSS) -FEB 2015-COTABATO (4,323,378.32) (4,323,378.32) (4,323,378.32) (4,323,378.32) (4,323,378.32) (4,323,378.32)
NET INCOME (LOSS)-FEB 2015-MANILA (954,456.46) (954,456.46) (954,456.46) (954,456.46) (954,456.46) (954,456.46)
NET INCOME(LOSS)-MARCH 2015-COTABATO (4,610,844.06) (4,610,844.06) (4,610,844.06) (4,610,844.06) (4,610,844.06) (4,610,844.06)
NET INCOME (LOSS)-MARCH2015-MANILA (833,843.33) (833,843.33) (833,843.33) (833,843.33) (833,843.33) (833,843.33)
NET INCOME(LOSS)-APRIL 2015-COTABATO (5,604,275.83) (5,604,275.83) (5,604,275.83) (5,604,275.83) (5,604,275.83) (5,604,275.83)
NET INCOME (LOSS)-APRIL2015-MANILA (598,944.51) (598,944.51) (598,944.51) (598,944.51) (598,944.51) (598,944.51)
NET INCOME(LOSS)-MAY 2015-COTABATO (4,989,224.89) (4,989,224.89) (4,989,224.89) (4,989,224.89) (4,989,224.89) (4,989,224.89)
NET INCOME (LOSS)-MAY2015-MANILA (896,171.38) (896,171.38) (896,171.38) (896,171.38) (896,171.38) (896,171.38)
NET INCOME(LOSS)-JUNE 2015-COTABATO (5,132,498.77) (5,132,498.77) (5,132,498.77) (5,132,498.77) (5,132,498.77) (5,132,498.77)

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PHILIPPINE TRADE CENTER , INC ADJUSTED YEAR 1ST QTR 2ND QUARTER 3RD QUARTER BALANCE YEAR END ADJUSTMENTS ADJUSTED
POWER PLANT END-DECEMBER MARCH 2016 JUNE2016 ADJ USTED DECEMBER YEAR END 2016
BALANCE SHEET- DECEMBER- 2014- 2015-2016 2015 BALANCES BALANCES SEPT 2016 2016 DECEMBER 2016
NET INCOME (LOSS)-JUNE2015-MANILA (1,699,893.59) (1,699,893.59) (1,699,893.59) (1,699,893.59) (1,699,893.59) (1,699,893.59)
NET INCOME(LOSS)-JULY 2015-COTABATO (2,948,780.23) (2,948,780.23) (2,948,780.23) (2,948,780.23) (2,948,780.23) (2,948,780.23)
NET INCOME (LOSS)-JULY2015-MANILA (547,256.30) (547,256.30) (547,256.30) (547,256.30) (547,256.30) (547,256.30)
NET INCOME(LOSS)-AUGUST 2015-COTABATO (947,508.76) (947,508.76) (947,508.76) (947,508.76) (947,508.76) (947,508.76)
NET INCOME (LOSS)-AUGUST2015-MANILA (502,715.68) (502,715.68) (502,715.68) (502,715.68) (502,715.68) (502,715.68)
NET INCOME(LOSS)-SEPT 2015-COTABATO (771,873.80) (771,873.80) (771,873.80) (771,873.80) (771,873.80) (771,873.80)
NET INCOME (LOSS)-SEPT2015-MANILA (240,310.89) (240,310.89) (240,310.89) (240,310.89) (240,310.89) (240,310.89)
NET INCOME(LOSS)-OCT 2015-COTABATO (2,405,866.75) (2,405,866.75) (2,405,866.75) (2,405,866.75) (2,405,866.75) (2,405,866.75)
NET INCOME (LOSS)-OCT2015-MANILA (472,051.72) (472,051.72) (472,051.72) (472,051.72) (472,051.72) (472,051.72)
NET INCOME(LOSS)-NOV 2015-COTABATO (2,175,365.30) (2,175,365.30) (2,175,365.30) (2,175,365.30) (2,175,365.30) (2,175,365.30)
NET INCOME (LOSS)-NOV2015-MANILA (537,669.06) (537,669.06) (537,669.06) (537,669.06) (537,669.06) (537,669.06)
NET INCOME(LOSS)-DECEMBER 2015-COTABATO (7,109,894.35) (7,109,894.35) (7,109,894.35) (7,109,894.35) (7,109,894.35) (7,109,894.35)
NET INCOME (LOSS)-DECEMBER2015-MANILA (803,331.99) (803,331.99) (803,331.99) (803,331.99) (803,331.99) (803,331.99)
OPERATING EXP (JAN-MARCH 2016-Cot - (1,604,553.64) (1,604,553.64) (1,604,553.64) (1,604,553.64) (1,604,553.64)
OPERATING EXP (JAN-MARCH 2016-Manila - (330,504.14) (330,504.14) (330,504.14) (330,504.14) (330,504.14)
OPERATING EXP (APRIL-2016-COT (2,660,456.28) (8,410,358.75) (8,410,358.75) (8,410,358.75) (8,410,358.75)
OPERATING EXP (APRIL-2016-Manila (648,285.29) (1,249,612.92) (1,249,612.92) (1,249,612.92) (1,249,612.92)
OPERATING EXP (MAY-2016-COT (6,082,337.68) (10,343,048.13) (10,343,048.13) (10,343,048.13) (10,343,048.13)
OPERATING EXP (MAY-2016-Manila (587,390.19) (856,806.14) (856,806.14) (856,806.14) (856,806.14)
OPERATING EXP (JUNE-2016-COT - (6,164,365.50) (6,164,365.50) (6,164,365.50) (6,164,365.50)
OPERATING EXP (JUNE-2016-Manila - (286,840.00) (286,840.00) (286,840.00) (286,840.00)
OPERATING EXP(JULY-2016-COT) - - (1,760,369.19) (1,760,369.19) (1,760,369.19)
OPERATING EXP(JULY-2016-MANILA) (564,320.35) (564,320.35) (564,320.35)
OPERATING EXP (AUGUST 2016-COT) - - (776,551.46) (776,551.46) (776,551.46)
OPERATING EXP (AUGUST 2016-MANILA) - - (337,640.95) (337,640.95) (337,640.95)
OPERATING EXP (SEPT 2016-COT) - - (984,542.36) (984,542.36) (984,542.36)
OPERATING EXP (SEPT 2016-MANILA) - - (880,435.58) (880,435.58) (880,435.58)
OPERATING EXP (OCTOBER 2016-COT) - (1,017,748.78) (1,017,748.78)
OPERATING EXP (OCTOBER 2016-MANILA) - (226,079.67) (226,079.67)
OPERATING EXP (NOVEMBER 2016-COT) - (3,963,191.61) (3,963,191.61)
OPERATING EXP (NOVEMBER 2016-MANILA) - (280,346.74) (280,346.74)
OPERATING EXP (DECEMBER 2016-COT) - (5,530,930.69) 4,000,000.00 (1,530,930.69)
OPERATING EXP (DECEMBER 2016-MANILA) - (233,956.38) (233,956.38)
YEAR -END ADJUSTS-2016 - - - - 4,750,000.00 (4,750,000.00)
TOTAL LIABILITIES & EQUITY P 514,729,764.54 3,277,334,233.43 3,198,298,058.53 3,274,508,161.36 3,367,178,773.81 8,884,127.00 8,884,127.00 3,345,428,773.81

per working file P - 527,895,022.32 527,681,748.77 537,731,502.63 547,550,477.77 - 543,550,477.77

OKAY okay - - - -

Expenses-per month

WORKING FILE-2016 Page 6

 INCOME STATEMENT 2015-2016

PHILIPPINE TRADE CENTER, INC 4TH-FOURTH QUARTER-DECEMBER 2015 ANNUAL 2015 Year End 2015 Year End 2015 ADJUSTED
POWER PLANT REPORT 2014-INCOME & EXPENSE-2015 Adjustments Adjustments YEAR END
2015 2015 2015 TOTAL DECEMBER
AS FOR
OF THE MONTH FOR THE MONTH FOR THE MONTH YEAR END DEBIT CREDIT 2015
DECEMBER, 2014
OCT NOV DEC DECEMBER2015
INCOME FROM OPERATION
501000 Operating Revenues
501001 Revenue-Trade
501001 Revenue-Non-Trade
Total
EXPENSE FROM OPERATION :

502000 DIRECT COST

502001 Palay Husk 1,050,333.08 935,774.60 - 22,168,514.65 22,168,514.65
502002 Water 2,418.95 2,360.20 2,896.36 37,018.00 37,018.00
502003 Handling -Palay Husk 118,345.90 72,669.58 71,871.31 728,362.46 728,362.46
502004 Fuel & Oil-Plant Operations 169,386.65 50,683.66 28,129.84 966,542.19 966,542.19
Total DIRECT COST 1,340,484.58 1,061,488.04 102,897.51 23,900,437.30 - 23,900,437.30

503000 Operations & Maintenance

503001 Administrative -Plant 9,886.17 5,233.92 2,596.66 80,549.58 80,549.58
503002 Civil Work ( includes Storage materials) 7,306.54 6,956.57 12,143.55 265,967.25 265,967.25
503003 Electrical & Electronics 12,693.97 26,565.69 564.00 855,056.86 855,056.86
503004 Laboratory/Chemicals 98,841.45 43,924.13 8,058.00 3,048,113.46 3,048,113.46
503005 Mechanical 91,422.60 53,677.62 24,399.37 1,344,399.66 1,344,399.66
503006 Repairs & Mainteance-Plant 9,807.14 4,182.35 256,785.71 517,106.87 517,106.87
503007 Power Plant (Manila) - 11,785.72 - 121,044.63 121,044.63
503008 Control Room Supplies 7,600.00 - 7,870.00 7,870.00
Total Operating & Maintenance 237,557.87 152,326.00 304,547.29 6,240,108.31 - 6,240,108.31

504000 Administrative & General Expenses

504001 Salary & Cash Advance(B. Agustin) 837,277.44 766,339.60 835,349.96 11,285,428.53 850,000.00 12,135,428.53
504002 SSS/PHIC/HDMF Premiums 26,392.92 33,891.25 35,680.95 329,032.39 329,032.39
504003 Other/De minis Fringe Benefits (Medical/Dental - 667.86 - 18,199.99 637,500.00 655,699.99
504004 Overtime 248,080.24 264,455.40 201,583.40 2,853,853.74 2,853,853.74
504005 Supplies-Office 3,000.00 1,421.25 726.25 109,862.75 109,862.75
504006 Repairs-Admin - 1,356.07 2,042.40 61,482.89 61,482.89
504007 Communication (PLDT/CCTV/LBC) 6,233.51 17,033.51 6,233.51 89,102.22 89,102.22
504008 Water & Light 3,955.94 3,665.00 3,606.33 80,962.92 80,962.92
504009 Fuel& Oil-Admin Operations 35,580.83 47,069.71 17,986.23 607,442.42 607,442.42
504010 License,Taxes & Registration 11,000.00 7,200.00 - 679,900.14 679,900.14
504011 Realty taxes/Insurance premiums - - - 202,683.86 314,172.09 516,855.95
504012 Freight-Incoming charges 8,681.30 69,286.88 22,703.90 550,836.26 550,836.26
504013 13th Month Pay - - 185,927.21 424,097.06 424,097.06
504014 Rental Expense - - 6,800.00 6,800.00 6,800.00
504016 Allowance/Drivers 37,368.57 27,470.00 14,305.00 113,619.57 113,619.57
504050 Miscellaneous: - - - - -
504051-DRINKING WATER 2,800.00 3,325.00 2,520.00 34,335.00 34,335.00
504052-LAUNDRY & HOUSEHOLD 4,000.00 5,600.00 5,425.00 66,303.00 66,303.00

INCOME STATEMENT 2015-2016

 INCOME STATEMENT 2015-2016

PHILIPPINE TRADE CENTER, INC 4TH-FOURTH QUARTER-DECEMBER 2015 ANNUAL 2015 Year End 2015 Year End 2015 ADJUSTED
POWER PLANT REPORT 2014-INCOME & EXPENSE-2015 Adjustments Adjustments YEAR END
2015 2015 2015 TOTAL DECEMBER
AS FOR
OF THE MONTH FOR THE MONTH FOR THE MONTH YEAR END DEBIT CREDIT 2015
DECEMBER, 2014
OCT NOV DEC DECEMBER2015
504053-MARKETING & GROCERY 20,683.65 100,981.66 55,690.91 591,565.48 337,934.52 253,630.96
504054-LABOR CHARGES/LOADING 16,174.97 10,328.66 11,027.10 192,938.23 192,938.23
504055-REPRESENTATION/MEALS/TRAVELS 35,418.84 135,214.18 128,874.72 739,756.42 299,565.48 440,190.94
504056-General/Rice Mill - - - 28,000.00 28,000.00
504057-Manila -Pcf - - - 10,706.21 10,706.21
504060-GENERAL-OTHERS 3,227.81 3,914.29 5,126.58 402,448.36 402,448.36
TOTAL MISCELLANEOUS 82,305.27 259,363.79 208,664.31 2,066,052.70 637,500.00 1,428,552.70
Total Administrative & General Expenses 1,299,876.02 1,499,220.32 1,541,609.45 19,479,357.44 637,500.00 20,643,529.53

505000 Depreciation - - - 4,800,000.00 4,800,000.00

2,877,918.47 2,713,034.36 1,949,054.25 49,619,903.05 637,500.00 55,584,075.14

NET INCOME (LOSS) FROM OPERATIONS

Total Expenses -per Main Report

NET LOSS-COTABATO 2,405,866.75 2,175,365.30 1,145,722.26 40,473,887.71 5,964,172.09 46,438,059.80

NET LOSS-MANILA 472,051.72 537,669.06 803,331.99 9,146,015.34 9,146,015.34
2,877,918.47 2,713,034.36 1,949,054.25 49,619,903.05 55,584,075.14
- - -
4TH QUARTER DECEMBER 2015 7,540,007.08 49,619,903.05 55,584,075.14
(7,540,007.08) - -

merlim/
Year end Adjustments

INCOME STATEMENT 2015-2016

POWER PLANT-YEAR END ADJUSTING ENTRIES 2015

ADJUSTING ENTRIES
DEBIT CREDIT PARTICULARS
504013 1 Expense- Realty Taxes 157,086.04 Amortization-Realty taxes for
108001 Prepaid Realty Taxes 157,086.04 3rd Quarter Sept 2015

504013 2 Expense- Realty Taxes 157,086.05 Amortization-Realty taxes for

108001 Prepaid Realty Taxes 157,086.05 4th Quarter December 2015

104001 3 Inventory-Palay Husk 3,556,337.99 Additional take up of Palay Husk

201003 A/P-Palay Husk 3,556,337.99 Inventory & Payable due to under
take up of cost price( from P1.70
to P1.80 )

202001 4 A/Payable-PTCI 126,165.16 Adjust-A/P-W/holding tax-per

203002 A/P-PTCI-W/holding tax-1%-2% etc 126,165.16 our BIR 1604-E

YEAR END ADJUSTING ENTRIES:

504001 5 Salary & Other Compensation 850,000.00 Set up of total compensation of

202101 A/P- Witholding tax- Employees 136,972.47 3 Indian Technicians- for the
202001 A/P- PTCI -(Cash Voucher) 713,027.53 whole year (per BIR 1604E)

202101 6 A/P- Witholding tax- Employees 124,474.47 Adjust w/holding tax -balance
202001 A/P- PTCI -(Cash Voucher) 124,474.47 which was paid on Jan 10,2016
per BIR 1604-E

504003 7 Expense-De Minimis Benefits 637,500.00 Reclass of De Minimis Benefits

504053 Expense-Marketing & Grocery 337,934.52 from Expense-Marketing/Grocery
504055 Expense-Represention/Travel/Meals 299,565.48 ( 3 Indian Technicians )

505000 8 Expense-Depreciation 4,800,000.00 Set up of Depreciation for the

107001 Accum/Allow for Depreciation-Machineries 4,800,000.00 year 2015@ P1,200,000.00quarter

merlim/02.24.16
POWER PLANT-YEAR END ADJUSTING ENTRIES 2015
FOR QUARTER ENDED-SEPTEMBER 2016
ADJUSTING ENTRIES
DEBIT CREDIT PARTICULARS
104001 1 Inventory-palay husk 3,700,000.00
201003 A/P-Palay Husk 3,700,000.00

104107 2 Material & Supplies-Thermax 9,139.12

104104 Material & Supplies-Lab & Chem 9,139.12

201005 4 A/P- Firewood 26,290.00

201003 A/P-Palay Husk 26,290.00

202101 5 A/p-Tax Payable -O & E 12,498.00

202001 A/P- PTCI -(Cash Voucher) 8,332.00
202001 A/P- PTCI -(Cash Voucher) 12,498.00
202101 A/p-Tax Payable -O & E 8,332.00

202001 6 A/P- PTCI -(Cash Voucher) 54,359.47

203002 A/P-wittholding Tax-goods/serv 54,359.47

3,810,618.59 3,810,618.59

merlim/10.20.16
PARTICULARS
Adjust negative balance of A/P-Palay
Husk- to reconcile w/ O/s A/P-List

Reclass of Thermax-/Lab & Chem

Supplies - negative balance

Reclass of Firewood to Palay Husk

Closed/remit w/tax-June 2016

Set Up-3rd qtr w/tax-Sept 2016
Closed/remit w/tax-June 2016
Set Up-3rd qtr w/tax-Sept 2016

Adjust w/holding tax -abnormal balance

Set up of Sept 2016 ewt- remit 10.10.16
POWER PLANT-YEAR END ADJUSTING ENTRIES 2016

ADJUSTING ENTRIES
DEBIT CREDIT PARTICULARS
504013 1 Expense- Realty Taxes Amortization-Realty taxes for
108001 Prepaid Realty Taxes 3rd Quarter Sept 2015

504013 2 Expense- Realty Taxes Amortization-Realty taxes for

108001 Prepaid Realty Taxes 4th Quarter December 2015

104001 3 Inventory-Palay Husk Additional take up of Palay Husk

201003 A/P-Palay Husk Inventory & Payable due to under
take up of cost price( from P1.70
to P1.80 )

202101 4 A/p-W/tax -O & E 8,332.00 Closed-remit w/tax Nov 2016

202001 A/Payable-PTCI 4,147.00 Set up 4th qtr Dec 2016-
203002 A/P-ptci-Cash voucher 8,332.00 Closed-remit w/tax Nov 2016
202101 A/p-W/tax -O & E 4,147.00 Set up 4th qtr Dec 2016-

YEAR END ADJUSTING ENTRIES:

504001 5 Salary & Other Compensation 750,000.00 Set up of total compensation of

202101 A/P- Witholding tax- Employees 116,648.00 3 Indian Technicians- for the
202001 A/P- PTCI -(Cash Voucher) 633,352.00 whole year (per BIR 1604E)

202101 6 A/P- Witholding tax- Employees 116,648.00 Adjust w/holding tax -balance
202001 A/P- PTCI -(Cash Voucher) 116,648.00 which was paid on Jan 10,2016
per BIR 1604-E

504003 7 Expense-De Minimis Benefits 637,500.00 Reclass of De Minimis Benefits

504053 Expense-Marketing & Grocery 337,934.52 from Expense-Marketing/Grocery
504055 Expense-Represention/Travel/Meals 299,565.48 ( 3 Indian Technicians )

505000 8 Expense-Depreciation 4,000,000.00 Set up of Depreciation for the

107001 Accum/Allow for Depreciation-Machineries 4,000,000.00 year 2015@ P1,000,000.00quarter

merlim/02.08.17