FINANCIAL REPORT BALANCE SHEET December 31, 2009 and 2008
2009
2008
ASSETS Current Assets Cash Receivables (net) Inventories Miscellaneous Assets
271,928,119 329,747,790 139,061,214 7,105,546
667,033,747 322,044,351 139,024,633 60,835,036
Total Current Assets
747,842,668
1,188,937,768
Investments Receivables (net) Property, Plant and Equipment (net) Other Assets
491,060,342 705,346,305 28,326,314,841 122,613,067
680,710,126 630,878,977 26,694,774,307 93,761,735
Total Non-Current Assets
29,645,334,555
28,100,125,145
30,393,177,222
29,289,062,912
390,528,199 425,752,526 53,644,760 85,462,244 0 326,049,131 206,443,491
424,277,167 285,894,032 190,580,522 118,951,529 37,810,000 367,822,349 284,991,779
1,487,880,351
1,710,327,378
Loans Payable - net of current portion Deferred Credits to Income Security Deposits
10,000,185,326 2,279,728,319 166,750,692
8,909,028,336 1,730,336,276 169,638,024
Total Non-Current Liabilities
12,446,664,338
10,809,002,636
Total Liabilities
Non-Current Assets
TOTAL ASSETS
LIABILITIES AND EQUITY Current Liabilities Payables & Accrued Expense Loans Payable Accrued Interest Deferred Credits to Income Dividend Payable Security Deposits & Advance Rental Trust Liabilities Total Current Liabilities
Non-Current Liabilities
13,934,544,690
12,519,330,014
Equity
16,458,632,533
16,769,732,898
TOTAL LIABILITIES AND EQUITY
30,393,177,222
29,289,062,912
0
0
CY 2009: Financial Condition
CY 2009: Financial Condition
The total assets of SBMA increased by Php 1.104 billion, from Php 29.289 billion in 2008 to Php 30.393 billion in 2009 The increase represents the completed portion of the construction (in progress) of the Port Development Project - New Container Terminal (NCT) and Warehouse Building and the procurement of various equipment amounting to Php 2,200.29 M, Php 138.14 M and Php 32.37 M, respectively.
Total liabilities rose by Php 1.415 billion, from Php 12.519 billion in 2008 to Php 13.935 billion in 2009. This is primarily brought by availment of loan from Japan International Cooperative Agency (JICA) for the Port Development Project. Total Equity decreased by Php 311.1 million, from Php16.769 billion in 2008 to Php16.458 billion due to the effect of net loss incurred for the year.
Certified correct:
Noted by:
Signed
Signed
EMILIA S. CANONIZADO
ARMAND C. ARREZA
Manager, Accounting Department
Administrator and CEO