DEPARTMENT OF AGRICULTURE

CONSOLIDATED STATEMENT OF FINANCIAL POS

ALL FUND CLUSTERS
AS AT DECEMBER 31, 2016

Notes
ASSETS
Current Assets
Cash and Cash Equivalent 3.4, 6 ₱
Receivables 8
Inventories 9
Other Current Assets 13
Total Current Assets

Non - Current Assets

Investments 7
Property Plant and Equipment 10
Biological Assets 11
Intangible Assets 12
Other Non-Current Assets 13
Total Non - Current Assets
Total Assets

LIABILITIES
Current Liabilities
Financial Liabilities 14
Inter-Agency Payable 15
Intra-Agency Payable
Trust Liabilities 16
Deferred Credits 17
Provisions
Other Payables 18
Total Current Liabilities

5
 Non - Current Liabilities

Total Non - Current Liabilities

Toal Liabilities
Total Assets Less Liabilities
NET ASSETS/EQUITY
Accumulated Surplus (Deficit) 29
Total Net Assets/Equity ₱

See accompanying Notes to Financial Statements

5
 DEPARTMENT OF AGRICULTURE
OLIDATED STATEMENT OF FINANCIAL POSITION
ALL FUND CLUSTERS
AS AT DECEMBER 31, 2016

2016 2015

3,334,171,444.58 ₱ 4,447,099,507.42
30,342,561,485.95 30,656,852,688.29
6,483,764,693.82 3,277,350,364.60
7,194,147,907.15 7,145,366,117.75
47,354,645,531.50 45,526,668,678.06

235,944,279.02 235,944,279.02
24,888,831,511.91 23,008,718,637.02
897,577,843.96 819,908,837.92
58,615,794.67 52,048,718.14
1,719,413,740.08 1,712,187,773.17
27,800,383,169.64 25,828,808,245.27
75,155,028,701.14 71,355,476,923.33

1,366,291,022.01 2,270,256,328.69
1,795,798,482.58 2,190,541,182.23
156,956,121.74 82,215,226.00
815,840,279.88 732,425,848.85
103,884,051.63 102,338,912.05
- 37,635,897.69
276,126,751.80 281,636,543.33
4,514,896,709.64 5,697,049,938.84

5
 - -

4,514,896,709.64 5,697,049,938.84
70,640,131,991.50 65,658,426,984.49

70,640,131,991.50 65,658,426,984.49
70,640,131,991.50 ₱ 65,658,426,984.49

See accompanying Notes to Financial Statements

5
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2016

Notes 2016

Revenue
Tax Revenue ₱ - ₱
Service Income and Business Income 19 525,337,638.42
Shares, Grants and Donation 20 27,852,228.62
Gains 21 2,098,458.45
Other Operating Income 22 8,220,786.04

Total Revenue 563,509,111.53

Less: Current Operating Expenses

Personal Services 23 3,136,992,763.64
Maintenance & Operating Expenses 24 11,024,571,340.44
Financial Expenses 25 619,162.35
Non-Cash Expenses 26 626,631,534.71
Total Current Operating Expenses 14,788,814,801.14

Surplus (Deficit) from Current Operations (14,225,305,689.61)

Net Financial Assistance/Subsidy 27 29,435,755,030.27

6
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2016
Sale of Assets -
Gains 28.1 42,562,333.88
Losses 28.2 (52,590,191.29)
Surplus (Deficit) for period ₱ 15,200,421,483.25 ₱

See accompanying Notes to Financial Statements

6
T OF AGRICULTURE
NT OF FINANCIAL PERFORMANCE
ND CLUSTERS
NDED DECEMBER 31, 2016

2015

165.00
453,134,279.22
7,466,730.37
4,346,811.40
-

464,947,985.99

2,415,946,992.83
9,799,592,935.50
614,576.36
469,158,130.29
12,685,312,634.98

(12,220,364,648.99)

24,653,911,211.98

6
T OF AGRICULTURE
NT OF FINANCIAL PERFORMANCE
ND CLUSTERS
NDED DECEMBER 31, 2016
61,390.55
32,344,234.14
(11,424,594.59)
12,454,527,593.09

Notes to Financial Statements

6
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSE
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2016

Notes

Balance at January 1 29.1 ₱

Add/(Deduct):
Changes in Accounting Policy
Prior Period Adjustments/Unrecorded Income & Expenses 29.2
Other Adjustments 29.3
Restated Balance

Add/(Deduct):
Changes in Net Assets/Equity for the Calendar Year
Surplus/(Deficit) for the Period 29.1
Adjustment of Net Revenue Recognized directly in Net Assets/Equity 29.4
Total recognized revenue and expenses for the period

Others 29.5

Balance at December 31 29.1 ₱

See accompanying Notes to Financial Statements

7
 TMENT OF AGRICULTURE DEPARTMENT OF AGRIC
MENT OF CHANGES IN NET ASSETS/EQUITY CONSOLIDATED STATEMENT OF CHANG
ALL FUND CLUSTERS ALL FUND CLUSTE
EAR ENDED DECEMBER 31, 2016 FOR THE YEAR ENDED DECE

2016 2015

Balance
65,658,426,984.49
at January 1 ₱ 214,805,355,386.18
Add/(Deduct):
(4,152,629.52) 26,171.25
(8,642,898,978.69) (5,931,987,730.21)
(666,436,573.40) (154,850,326,479.87)
Restated
56,344,938,802.88
Balance 54,023,067,347.35

Add/(Deduct):
Changes in Net Assets/Equity for the Calendar Year
15,200,421,483.25 12,454,527,593.09
(744,951,182.65) (651,770,214.66)
14,455,470,300.60 11,802,757,378.43

Others (160,277,111.98) (167,397,741.29)

Balance
70,640,131,991.50
at December 31 ₱ 65,658,426,984.49

nying Notes to Financial Statements See accompanying Notes to Finan

7
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF CASH FLOWS
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2016

Notes 2016

Cash Flow from Operating Activities:

Cash Inflows:
Receipt of Notice of Cash Allocation Cash Inflows: 27.1 ₱ 37,325,503,005.01 ₱
Collection of Income/Revenues 531,422,281.03
Receipt of Assistance and Subsidy from Other NGAs, LGUs and GOCCs -
Collection of Receivables 183,253,347.91
Receipt of Inter-Agency Fund Transfers 368,614,783.53
Receipt of Intra-Agency Fund Transfers 450,092,046.62
Trust Receipts 217,205,226.58
Other Receipts 109,134,042.87
Adjustments 93,940,579.94
Total Cash Inflows 39,279,165,313.49

Cash Outflows:
Remittance to National Treasury 874,537,199.27
Payment of expenses 9,760,506,771.11
Purchase of inventories 4,390,540,204.73
Purchase of Consumable Biological Assets 34,293,544.84
Grant of Cash Advance 921,182,828.50
Prepayments 89,969,258.68
Refund of Deposits 298,808,770.35
Payment of Accounts Payable 1,301,173,992.32
Remittance of Personnel Benefits Contribution and Mandatory Deduction 2,334,770,994.02

8
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF CASH FLOWS
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2016

Notes 2016

Grant of Financial Assistance/Subsidy 691,152,239.31

Release of Inter-Agency Fund Transfer 8,450,737,493.60
Release of Intra-Agency Fund Transfer 2,083,965,945.16
Other Disbursements 171,879,131.28
Reversal of Unutilized NCA 5,316,247,996.56
Adjustments 896,276,043.04
Total Cash Outflows 37,616,042,412.77
Net Cash Provided by (used in) Operating Activities 1,663,122,900.72
Cash Flow from Investing Activities:
Cash Inflows:
Proceeds from sale of Investment Property 361,611.24
Proceeds from Sale/Disposal of Property, Plant and Equipment -
Sale of Investments -
Proceeds from Sale of Other Asserts 5,138,677.70
Total Cash Inflows ₱ 5,500,288.94 ₱

9
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF CASH FLOWS
ALL FUND CLUSTERS
FOR THE YEAR ENDED DECEMBER 31, 2016

Notes 2016

Cash Outflows:
Purchase/Construction of Property, Plant and Equipment ₱ 2,801,737,184.75 ₱
Purchase of Bearer Biological Assets 3,483,763.26
Purchase of Intangible Aeets 288,000.00
Total Cash Outflows 2,805,508,948.01
Net Cash Provided By (Used in) Investing Activities (2,800,008,659.07)
Cash Flow from Financing Activities:
Cash Inflows
Total Cash Inflows -

Cash Outflows

Payment of Long-Term Liabilities 1,000,000.00

Total Cash Outflows 1,000,000.00
Net Cash Provided by (Used in) Financing Activities (1,000,000.00)
Increase (dereased in Cash and Cash Equivallents (1,137,885,758.35)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 40,086,210.49

Cash and Cash Equivalents, January 1 30 4,447,099,507.42

Adjustment:
Adjustment in Cash Beginning Balance 30 (15,128,514.98)
Adjusted Cash and Cash Equivalents, January 1 4,431,970,992.44
Cash and Cash Equivalents, December 31 6 ₱ 3,334,171,444.58 ₱

See accompanying Notes to Financial Statements

10
ENT OF AGRICULTURE DEPARTMENT OF AGR
STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT
FUND CLUSTERS ALL FUND CLUST
ENDED DECEMBER 31, 2016 FOR THE YEAR ENDED DEC

2015

Cash Flow from Operating Activities:

Cash Inflows:
31,169,995,946.76
469,947,945.96
760,119.60
133,237,297.14
633,883,400.18
1,282,784,779.03
70,766,942.96
477,738,121.58
1,391,288,011.59
35,630,402,564.80

Cash Outflows:
694,032,417.04
8,433,154,397.02
2,548,614,885.55
36,444,793.09
871,159,515.44
87,731,354.43
204,007,610.77
1,100,679,516.50
1,070,666,086.86

11
ENT OF AGRICULTURE DEPARTMENT OF AGR
STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT
FUND CLUSTERS ALL FUND CLUST
ENDED DECEMBER 31, 2016 FOR THE YEAR ENDED DEC

2015

2,049,189,936.90
7,309,584,292.68
2,927,932,963.68
528,002,389.18
3,727,670,999.07
2,058,892,661.24
33,647,763,819.45
Net Cash
1,982,638,745.35
Provided by (used in) Operating Activities
Cash Flow from Investing Activities:
Cash Inflows:
205,280.00
1,727.10
2,200,583.45
40,300.00
2,447,890.55

12
ENT OF AGRICULTURE DEPARTMENT OF AGR
STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT
FUND CLUSTERS ALL FUND CLUST
ENDED DECEMBER 31, 2016 FOR THE YEAR ENDED DEC

2015

Cash Outflows:
2,167,506,582.43
31,434,410.35

2,198,940,992.78
Net Cash
(2,196,493,102.23)
Provided By (Used in) Investing Activities
Cash Flow from Financing Activities:

-
Net Cash Provided by-(Used in) Financing Activities
Increase(213,854,356.88)
(dereased in Cash and Cash Equivallents
Effects of Exchange
(7,037,992.38)
Rate Changes on Cash and Cash Equivalents

Cash and
12,691,979,349.89
Cash Equivalents, January 1
Adjustment:
(8,023,987,493.21)
Adjusted
4,667,991,856.68
Cash and Cash Equivalents, January 1
Cash and
4,447,099,507.42
Cash Equivalents, December 31

g Notes to Financial Statements See accompanying Notes to Fina

13
 DEPARTMENT OF AGRICULTURE
CONSOLIDATED STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNT
ALL FUND CLUSTER
FOR THE YEAR ENDED DECEMBER 31, 2016

Actual
Budgeted Amounts Amounts on
Particulars Comparable
Original Final Basis

RECEIPTS
Tax Revenue
Services and Business Income 147,207,000.00 447,676,982.00 528,704,634.46
Assistance and Subsidy - -
Shares, Grants and Donations - 27,852,228.62
Gains 1,100,000.00 22,828,245.79
Others - 240,548.45
Total Receipts 147,207,000.00 448,776,982.00 579,625,657.32

PAYMENTS
Personnel Services 2,347,260,422.45 3,246,228,483.00 2,975,250,471.47
Maintenance and Other Operating Expenses 29,189,750,231.54 23,056,184,480.66 11,783,899,516.90
Capital Outlay 31,084,387,541.56 16,030,702,863.30 3,327,315,199.51
Financial Expenses 1,816,432.57 3,354,077.70 657,775.20
Others - - -
Total Payments 62,623,214,628.12 42,336,469,904.66 18,087,122,963.08

NET RECEIPTS/PAYMENTS (62,476,007,628.12) (41,887,692,922.66) (17,507,497,305.76)

10
OF AGRICULTURE
ARISON OF BUDGET AND ACTUAL AMOUNT
D CLUSTER
ED DECEMBER 31, 2016

Difference
Final Budget
and Actual

(81,027,652.46)
-
(27,852,228.62)
(21,728,245.79)
(240,548.45)
(130,848,675.32)

270,978,011.53
11,272,284,963.76
12,703,387,663.79
2,696,302.50
-
24,249,346,941.58

(24,380,195,616.90)

11