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FINANCIAL REPORT
CY 2020-2023
REPORT OUTLINE
REPORT CONTENT...
I. INCOME AND EXPENSES COMPARATIVE ANALYSIS
II. REMITTANCES/PLEDGES
III. RECEIVABLES/ARREARS
IV. SUMMARY OF LOAN PAYABLES AND RECEIVABLES
V. INVESTMENTS
I. INCOME AND EXPENSES COMPARATIVE ANALYSIS
INCOME AND EXPENSES COMPARATIVE
2020-2021
Income-
10.27%
Expenses-
8.20%
2021-2022
Income-
(7.84%)
Expenses-
1.00%
INCOME (2020-2022)
2020-2021
Remittances
(31.77%)
Donations
39.30%
(0.14%)
Interest/dividend income
15.26%
Other income
2021-2022
Remittances
61.00%
Donations
43.00%
(47.37%)
Interest/dividend income
(66.92%)
Other income
- Remittances are portion received from its associated communities and are recognized upon receipt
- Donations are recognized as revenue when the right to receive them is established.
- Interest income from bank deposits and money market placements is recognized as the interest accrues, taking into account the effective yield on the assets.
- Other income is revenue from the use of the Institution’s facilities and others and is recognized upon receipt.
EXPENSES DETAILS
EXPENDITURES...
MAJOR EXPENSES
Ave. %
Subsidy
42%
13%
Donation
10%
Generalate expense
Interest Expense
9%
7%
Mission & Activity
6%
Medical & Dental
4%
Salaries & Wages
2%
Com., light & water
Transpo and Travek
2%
Finance Charge
1%
The Institution gives monthly subsidy to its selected associated communities in order to carry-out its religious related activities. For the years December 31, 2022,2021 and 2020, the total subsidy paid to its associated communities is amounted to ₱P71,573,556, P63,584,225 and ₱P60,668,485 respectively.
SUBSIDIZED COMMUNITIES
P63,584,225
P71,573,556
₱P60,668,485
Remittances/Pledges
II. REMITTANCES/PLEDGES
The Institution’s school, parishes, convents and other associated communities require giving remittance contribution. For the years December 31, 2022, the remittance is , December 31, 2021 and 2020, the remittance received is amounted to ₱25,005,360 and ₱36,650,294, respectively.
Schools
Parishes
Remittances
Convent
Convent
PARISHES
Trust Fund-Remedy
Seminaries and Communities
Parishes
Trust Fund-Palawan
TOTAL RECEIVABLES
AS OF FEBRUARY 2023
III. RECEIVABLES/ ARREARS
IV. LOAN PAYABLES AND RECEIVABLES
LOAN PAYABLES (2020-2023)
OUTSTANDING BANK LOAN
PERCENTAGE %
YEAR
PAYMENTS
(12.00%)
42.0M
2020-2021
24.9M
2021-2022
(7.87%)
4.9M
2022-2023
(1.70%)
Included in this category are the receivables from its employees, and related parties.
Loan Payables vs. Loan Receivables
Loan Payables and Receivables
V. INVESTMENTS
INVESTMENT INFORMATION
In 2021 and 2020, the interest and dividend income earned from these investments amounted to ₱8,017,060 and ₱7,713,675, respectively, presented in the statements of comprehensive income.