FINANCIAL REPORT STATEMENT OF CASH FLOWS For the Years Ended December 31, 2009 and 2008
Cash Flows From Operating Activities: Cash inflows Cash outflows
2009
2008
1,819,881,564 (1,428,332,569)
2,020,161,100 (1,440,797,552)
Net cash from operating activities
391,548,995
579,363,548
Cash Flows From Investing Activities: Cash inflows Cash outflows
278,341,835 (2,519,711,618)
230,133,518 (1,123,746,369)
Net cash used in investing activities
(2,241,369,784)
(893,612,851)
Cash Flows From Financing Activities: Cash inflows Cash outflows
2,093,491,642 (612,999,451)
859,193,288 (508,182,194)
Net cash from in financing activities
1,480,492,191
351,011,094
Effect of Exchange Rate Changes on Cash
(25,777,032)
73,875,565
(395,105,629)
110,637,355
Cash at Beginning of Year
667,033,747
472,766,572
Cash at End of Year
271,928,119
583,403,927
Net Increase (Decrease) in Cash
CY 2009: Cash Flows
CY 2009: Cash Flows
Under cash from operating activities, there was a decline of Php 187 million in generated net cash, from Php 579 million in 2008 to Php 391 million in 2009. The foremost factor for the change was the decrease in collection on lease contract obligation and advance rental amounting to Php 128 million and Php 56 million, respectively.
The increase in net cash from financing activities of Php 1.129 billion, from Php 351.01 million in 2008 to Php 1.48 billion was due to availment of loan from Japan International Cooperative Agency (JICA) amounting to Php 1.435 billion for the Port Development Project.
For cash from investing activities, the increase in cash outflow of Php 1.395 billion was due to payment of Php 1.589 billion for the Subic Bay Port Development Project.
As a result, there was a decrease of Php 311.47 million in cash at year end, from Php 583.4 million in 2008 to Php 271.9 million in 2009.
Certified correct:
Noted by:
Signed
Signed
EMILIA S. CANONIZADO
ARMAND C. ARREZA
Manager, Accounting Department
Administrator and CEO