DEPARO EXPRESS TRANSPORT SERVICE COOPERATIVE
Deparo Caloocan City
Registration No. 9520-1016000000050386
Statement of Financial Condition
December 31,2022
NOTES 2022
ASSETS
CURRENT ASSETS:
Cash in Bank 5 409,729.00
TOTAL Current Assets 409,729.00
TOTAL ASSETS 409,729.00
L IABILITIES
CURRENT LIABILITIES
Accounts Payable - Others
Due to Federation
Amount available for Interest Share Capital and Patronage 21,603.40
Refund Payable
TOTAL LIABILITIES 21,603.40
EQUITY
MEMBER'S EQUITY
Authorized Share Capital P 5,000,000
Paid Up 373,913.70
373,913.70
STATUTORY FUNDS
Reserved Fund 10 4,737.30
Education and Training Fund 10 4,737.30
Optional Fund 10 3,316.11
Community Development Fund 10 1,421.19
Total Statutory Fund 14,211.90
Total Equity 388,125.60
TOTAL LIABILITIES & EQUITY 409,729.00
See Notes to Financial Statements
Reserved Fund + Educational and Training Fund + Optional Fund +
Community Fund Total - Net Surplus Allocation = Amount Available for
Interest on Share Capital and Patronage Refund. (Example 3,086.20 +
3086.20 + 2,160.34 + 925.86 = 9,258.60 - 30,862.00 = 21,603.40
Add total Assets + total Liabilities + total Statutory Fund = Paid Up
Net Surplus For Allocation x 0.10 = Reserved Fund
Net Surplus For Allocation x 0.10 = Reserved Fund
Net Surplus For Allocation x 0.07 = Reserved Fund
Net Surplus For Allocation x 0.03 = Reserved Fund
Reserved Fund + Educational and Training Fund + Optional Fund +
Community Fund = Total Statutory Fund (Example 3,086.20 + 3086.20 +
2,160.34 + 925.86 = 9,258.60
Add Paid Up + Total Statutory = Total Equity
Add Total Liabilities + Total Equity = Total Liabilities & Equity (Check if
Balance or same amount to your Total Assets Amount)
DEPARO EXPRESS TRANSPORT SERVICE COOPERATIVE
Deparo Caloocan City
Registration No. 9520-1016000000050386
Statements of Operation
For the years ended, December 31,2022
Notes 2022
REVENUE
OTHER INCOME 8 326,605.00
TOTAL 326,605.00
LESS: EXPENSES 9 279,232.00
NET SURPLUS (LOSS) 47,373.00
NET SURPLUS FOR ALLOCATION 47,373.00
NET SURPLUS DISTRIBUTED AS
Reserved Fund 10 4,737.30
Educational and Training Fund 10 4,737.30
Optional Fund 10 3,316.11
Community Development Fund 10 1,421.19
Amount Available for Interest on Share 21,603.40
Capital and Patronage Refund
Net Surplus As Distributed 35,815.30
See Notes to Financial Statements
Coop Membership Fee + Botaw Collection = Other Income
whole year total expenses
Other Income - Expenses = Net Surplus (LOSS)
Net Surplus For Allocation x 0.10 = Reserved Fund
Net Surplus For Allocation x 0.10 = Reserved Fund
Net Surplus For Allocation x 0.07 = Reserved Fund
Net Surplus For Allocation x 0.03 = Reserved Fund
Reserved Fund + Educational and Training Fund + Optional Fund + Community
Fund Total - Net Surplus Allocation = Amount Available for Interest on Share
Capital and Patronage Refund. (Example 3,086.20 + 3086.20 + 2,160.34 +
925.86 = 9,258.60 - 30,862.00 = 21,603.40
add from Resereved Fund to Amount Available for Interest on Share Capital and
Patronage Refund = Net Surplus As Distributed (Check this amount if Balance or
same to your Net Surplus Allocation Amount) (Example 3,086.20 + 3086.20 +
2,160.34 + 925.86 = 9,258.60 - 30,862.00 + 21,603.40 = 30,862.00
DEPARO EXPRESS TRANSPORT SERVICE COOPERATIVE
Deparo Caloocan City
Registration No. 9520-1016000000050386
Statements of Cash Flows
For the years ended, December 31, 2022
2020
Cash Flows from Operating Activites
Net Income 47,373.00
###
Net Operating Income before changes in working capital 47,373.00
###
###
Net Cash Flow from Operating Activities -
Cash Flow from Financing Activities -
Cash Flow from Investing Activities ###
Paid Up Capital 373,913.70
###
Total Cash Flow from Investing Activities 373,913.70
###
Net Change in Cash 421,286.70
Add: Cash, Beginning -
###
###
###
CASH, END 421,286.70
###
DEPARO EXPRESS TRANSPORT SERVICE COOPERATIVE
Deparo Caloocan City
Registration No. 9520-1016000000050386
Statements of Changes in Equity
For the years ended, December 31,2022
2022
SHARE CAPITAL
Authorized Share Capital P 5,000,0000
Php 100 par value, Paid up Share Capital 373,913.70
Ending Balance 373,913.70
###
STATUTORY FUNDS ###
Reserve Fund ###
Beginning Balances ###
Add: Allocation 4,737.30
Ending Balances 4,737.30
###
Education and Training Fund
Beginning Balances
Add: Allocation 4,737.30
Less: Deduction
Ending Balances 4,737.30
Optional Fund ###
Beginning Balances
Add: Allocation 3,316.11
Less: Deduction
Ending Balances 3,316.11
Community Development Fund
Beginning Balances
Add: Allocation 1,421.19
Less: Deduction ###
Ending Balances 1,421.19
###
###
TOTAL STATUTORY FUNDS 14,211.90
TOTAL EQUITY 388,125.60
5 CASH
This Account is consist of:
2022
###
Cash in Bank 409,729.00
###
Total Cash 409,729.00
###
Metrobank, Caloocan - Deparo branch, is the depository bank
of the cooperative. ###
###
6 LOAN AND OTHER PAYABLES ###
This Account is consist of: ###
2022
###
Interest on Share Capital and Patronage 21,603.40
Refund Payable
21,603.40
7 STATUTORY FUNDS ###
###
This Account is consist of: ###
###
2022
Reserved Fund 4,737.30
Education and Training Fund 4,737.30
Optional Fund 3,316.11
Community Development Fund 1,421.19
Total Statutory Funds 14,211.90
8 OTHER INCOME
This Account is consist of:
2022
###
Interest from Deposit 665.00
Membership Fee 74,000.00
###
Total Other Income 74,665.00
###
9 EXPENSES ###
###
This Account is consist of:
2022
Office Supplies 2,948.00
Travel and Transportation 800.00
Miscellaneous Expense 6,080.00
Representation 8,519.00
Taxes, Fees & Charges 14,906.00
Professional Fees 7,000.00
Meeting and Conferences 3,550.00
Total Expenses 43,803.00
###
