University of the Philippines

Consolidated Detailed Balance Sheet

As of December 31, 2009
(With Comparative Figures For CY 2008)
(In Pesos)

2009 2008
ASSETS
Current Assets
Cash (Note 6)
Cash-Collecting Officers P 12,759,375.10 P 13,438,535.54
Cash-Disbursing Officers 1,183,319.69 1,177,653.89
Petty Cash Fund 3,117,503.27 1,951,255.23
Payroll Fund 42,476.83 250,120.41
Cash-National Treasury, Modified Disbursement System - 128,855.00
Cash in Bank-Local Currency, Current Account 1,146,185,151.30 1,002,677,714.87
Cash in Bank-Local Currency, Savings Account 96,567,787.97 45,424,873.83
Cash in Bank-Local Currency, Time Deposits 10,648,777,104.89 9,362,242,287.95
Cash in Bank-Foreign Currency, Current Account 4,455,749.47 2,644,136.29
Cash in Bank-Foreign Currency, Savings Account 38,116,435.00 54,060,433.16
Cash in Bank-Foreign Currency, Time Deposits 18,684,231.07 114,470,007.50
Total Cash 11,969,889,134.59 10,598,465,873.67

Receivables (Note 7)
Accounts Receivable 445,447,212.00 427,327,682.43
Allowance for Doubtful Accounts (110,606,077.94) (100,784,243.09)
Net Accounts Receivable 334,841,134.06 326,543,439.34
Loans Receivables- Others 8,805,082.88 5,162,860.47
Due from Officers and Employees 49,921.50 -
Interest Receivables 62,058,168.80 49,449,212.43
Loans Receivables- Students 931,291.50 -
Due from NGAs 7,485,347.30 5,262,261.38
Due from GOCCs 18,560,526.68 17,656,568.05
Due from LGUs 85,119,136.57 8,000.00
Due from NGOs/Pos 99,491.50 84,671.50
Due from Central Office/Home Office 178,979,952.24 52,568,639.93
Due from Regional Offices/Staff Bureaus/Branch Offices 26,818,599.33 10,758,595.00
Due from Operating Units - -
Due from Other Funds 1,199,465,976.80 923,484,775.80
Receivables-Disallowances/Charges 4,179,350.27 4,176,966.15
Advances to Officers and Employees 56,993,704.65 58,988,236.81
Other Receivables 175,180,954.82 177,470,444.33
Total Receivables P 2,159,568,638.90 P 1,631,614,671.19

12
 2009 2008
Inventories (Note 8)
Raw Materials Inventory P 1,999,071.40 P 1,949,634.91
Finished Goods Inventory - 2,480.55
Merchandise Inventory 67,301,499.76 59,194,056.55
Office Supplies Inventory 14,865,386.91 17,616,811.43
Accountable Forms Inventory 101,654.25 155,440.91
Foods/Non-foods Supplies Inventory 2,764,850.25 2,298,354.99
Drugs & Medicines Inventory 31,132,415.10 25,576,281.35
Medical, Dental and Laboratory Supplies Inventory 27,445,539.87 31,865,739.84
Gasoline, Oil and Lubricants Inventory 345.00 345.00
Textbooks & Instructional Materials 1,935,978.61 2,636,602.15
Military & Police Equipment 3,557.00 3,557.00
Other Supplies Inventory 35,014,803.34 34,679,220.82
Construction Materials Inventory 1,902,933.26 1,806,064.24
Livestock & Crops Inventory 24,200.00 24,200.00
Total Inventories 184,492,234.75 177,808,789.74

Prepayments
Prepaid Rent 6,660.00 4,500.00
Prepaid Insurance 814,146.76 3,637,223.55
Deposit on Letters of Credit 13,898,426.20 13,898,426.20
Advances to Contractors 49,621,384.20 65,544,648.75
Deferred Charges 4,000.00 4,000.00
Other Prepaid Expenses 1,104,187.74 1,022,825.63
Total Prepaid Expenses 65,448,804.90 84,111,624.13

Other Current Assets

Guaranty Deposits 16,021,790.27 10,939,260.27
Other Current Assets 81,885,098.10 59,931,156.73
Total Other Current Assets 97,906,888.37 70,870,417.00

TOTAL CURRENT ASSETS 14,477,305,701.51 12,562,871,375.73

Investments (Note 9)
Investments in Treasury Bills 411,856,955.70 299,415,982.08
Investments in Stocks 1,219,650.00 1,219,650.00
Investments in Bonds 384,290,659.87 708,007,597.99
Other Long-Term Investments & Marketable Securities 610,102,152.78 492,122,324.59
Total Investments 1,407,469,418.35 1,500,765,554.66

Property, Plant and Equipment (Note 10)

Land 9,261,386,989.51 9,259,760,008.79
Land Improvements 113,674,751.19 108,344,492.43
Electrification and Energy Structures P 10,732,461.83 P 9,357,561.83

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 2009 2008
Office Buildings P 4,104,996,685.63 P 4,095,195,661.78
School Buildings 1,521,326,369.83 1,360,132,917.72
Hospitals and Health Center Building 1,481,859,951.91 1,480,304,321.37
Market and Slaughterhouse - 418,157.00
Other Structures 21,807,044.61 18,259,896.79
Office Equipment 1,102,102,238.54 1,094,692,725.54
Furniture and Fixtures 178,238,505.50 151,428,979.46
IT Equipment and Software 931,115,757.76 844,286,516.43
Library Books 407,404,334.68 374,728,147.68
Machineries 301,642,898.34 301,840,024.63
Industrial Machineries - -
Agricultural, Fishery & Forestry Equipment 2,967,921.75 2,871,760.75
Communication Equipment 72,405,944.86 68,867,219.19
Construction & Heavy Equipment 5,087,848.53 4,709,632.63
Firefighting Equipment and Accessories 8,234,876.26 7,703,038.26
Hospital Equipment 1,554,274,762.18 1,493,641,012.06
Medical, Dental & Laboratory Equipment 282,409,518.77 249,326,336.01
Military & Police Equipment 1,225,521.97 1,180,301.97
Sports Equipment 2,455,496.39 1,863,296.39
Technical and Scientific Equipment 369,121,952.84 275,639,070.13
Other Machineries and Equipment 231,253,801.90 211,818,478.96
Motor Vehicles 84,915,228.64 82,850,719.62
Watercrafts 26,451,840.00 26,451,840.00
Other Transportation Equipment 3,066,555.75 2,576,555.75
Other Property, Plant and Equipment 15,683,721.22 10,171,844.65
Parks, Plazas & Monuments 4,169,463.15 480,722.16
Artesian Wells, Reservoirs, Pumping Stations & Conduits 2,418,386.82 2,418,386.82
Irrigation, Canals & Laterals 19,174.00 19,174.00
Construction in Progress-Agency Assets 2,338,449,920.99 1,270,535,969.75
Total Property, Plant and Equipment 24,440,899,925.35 22,811,874,770.55

Total Accumulated Depreciation (Note 11) 4,735,751,991.86 4,086,711,472.62

Net Property, Plant and Equipment 19,705,147,933.49 18,725,163,297.93

Other Assets (Note 12)

Works/Other Animals 192,137.00 18,602.00
Breeding Stocks - 167,135.00
Arts, Archeological Specimen and Other Exhibits 121,800,935.10 121,734,268.10
Items in Transit 592,574,267.64 277,002,276.79
Other Assets 23,970,644.59 23,964,514.87
Total Other Assets 738,537,984.33 422,886,796.76

TOTAL ASSETS P 36,328,461,037.68 P 33,211,687,025.08

14
 2009 2008
LIABILITIES & GOVERNMENT EQUITY

LIABILITIES
Current Liabilities
Payable Accounts
Accounts Payable P 3,413,479,545.02 P 2,172,780,994.90
Due to Officers and Employees 132,732,288.76 124,289,305.87
Total Payable Accounts 3,546,211,833.78 2,297,070,300.77
Inter-Agency Payables
Due to BIR 35,798,407.41 24,003,987.42
Due to GSIS 24,485,598.73 36,180,408.94
Due to PAG-IBIG 3,533,298.02 3,963,126.44
Due to PHILHEALTH 1,170,253.89 2,242,452.94
Due to Other NGAs 483,009,855.35 435,679,340.67
Due to Other GOCCs 21,784,914.64 40,735,994.41
Due to LGUs 228,037.92 228,037.92
Total Inter-Agency Payables 570,010,365.96 543,033,348.74

Intra-Agency Payables
Due to Central Office/Home Office 17,099,989.96 751,819.53
Due to Regional Offices/Staff Bureaus/Branch Offices 467,739,734.69 227,819,919.32
Due to Operating Units 1,237,480.34 1,237,480.34
Due to Other Funds 1,070,157,516.09 792,427,541.52
Total Intra-Agency Payables 1,556,234,721.08 1,022,236,760.71

Other Current Liability Accounts

Guaranty Deposit Payable 61,569,589.05 59,555,005.77
Performance/Bidders/Bail Bonds Payable 55,058,802.48 45,552,366.96
Tax Refund Payable 10,077,491.94 5,928,128.56
Other Payables 6,738,893,998.82 5,700,782,711.18
Total Other Current Liabilities 6,865,599,882.29 5,811,818,212.47

TOTAL CURRENT LIABILITIES 12,538,056,803.11 9,674,158,622.69

Long-Term Liabilities
Mortgage/Bonds/Loans Payable
Loans Payable - Domestic 133,012,310.32 133,012,310.32
Other Payables 47,631,088.02 -
Other Long-Term Liabilities - 13,343,060.85
Total Mortgage/Bonds/Loans Payable 180,643,398.34 146,355,371.17

Deferred Credits
Other Deferred Credits 406,450,906.60 415,868,687.17
Total Other Deferred Credits P 406,450,906.60 P 415,868,687.17

15
 2009 2008
Total Long-Term Liabilities P 587,094,304.94 P 562,224,058.34
TOTAL LIABILITIES 13,125,151,108.05 10,236,382,681.03

GOVERNMENT EQUITY

Government Equity (Note 14)

Government Equity, Beginning 22,975,304,344.05 22,096,154,574.34
Adjustment to beginning balance 60,015,515.07 (866,061.09)
Prior Year's Adjustment (7,983,011.30) (47,940,710.10)
Adjusted Government Equity 23,027,336,847.82 22,047,347,803.15
Retained Operating Surplus
Excess of expenses over income -
Current Operations
Current Operations 214,766,978.74 245,435,976.17
Prior Year's Adjustment (438,954,428.17) (23,881,293.63)
Current Year's Adjustment 377,124,810.10 171,143,322.30
Other Curren Year's Adjustment
Accounts Payable & Trust Account - 34,350.00
Acquisition of Assets - 45,431,158.37
Acquisition of Fixed Assets out of Trust Funds 28,846,824.17 542,846,946.77
Acquisition of Inventories out of Trust Funds 427,134,033.28 -
Acqusition of Fixed Assets out of Revolving Fund 2,654,263.46 -
Acquisition of Property, Plant and Equipment 10,071,166.56 -
Adjustment on Depreciation of Fixed Assets - 1,721,012.44
Adjustment/Reclassification on PPE (20,605,479.14) -
Disposal of PPE, Supplies and Inventory - (5,071,029.95)
Donated Fixed Assets - 211,260,636.40
Consumption of Inventories (436,586,435.04) (390,765,858.85)
Gain/Loss on FOREX (4,940.43) -
Condemned Equipment - -
Increase/Decrease in Inventory of Books - (3,800.00)
Programming of Income - (6,076,805.02)
Income-Endowment Fund - 3,639,071.39
Property Plant and Equipment - 133,507,066.46
Reclassification of Long Term Liability Account - -
Depreciation Expense - (1,264,211.95)
Reprogrammed Funds 11,471,186.90 -
Endowment Fund Interest Income 3,646,131.84 -
Charges to Restricted Fund (Capital/Reserve) (410,173.08) -
Depreciation of Equipment (3,180,857.38) -
Government Equity, End 23,203,309,929.63 22,975,304,344.05

TOTAL LIABILITIES AND GOVERNMENT EQUITY P 36,328,461,037.68 P 33,211,687,025.08

See Accompanying Notes to Financial Statements

16
 University of the Philippines
Consolidated Statement of Income and Expenses
For the Year Ended December 31, 2009
(With Comparative Figures for CY 2008)
(In Pesos)

2009 2008

Subsidy Income from National Government (Note 15) P 6,089,418,130.04 P 5,744,143,563.40

Add: Other Income

Registration Fees 3,987,868.60 4,791,689.81
Athletic and Cultural Fees 1,013,864.86 727,002.78
Clearance & Certification Fees 1,739,201.14 3,015,533.28
Comprehensive Examination Fees 133,800.00 113,685.00
Diploma & Graduation Fees 2,794,420.50 2,240,660.00
Garbage Fees 263,130.00 251,722.90
Library Fees 6,001,308.93 3,918,242.77
Medical, Dental & Laboratory Fees 2,352,128.95 1,030,064.83
Seminar Fees 916,340.00 534,769.85
Toll and Terminal Fees 80,733.00 48,931.00
Transcript of Records Fees 1,680,531.64 1,581,018.63
Other Service Income 26,831,448.29 20,543,241.27
Fines and Penalties - Service Income 1,442,011.42 816,851.01
Hospital Fees 447,307,428.79 375,280,879.36
Income from Canteen Operations 8,083,220.05 11,227,663.75
Income from Dormitory Operations 31,889,357.41 29,867,884.45
Receipts from Transportation System 21,500.00 35,750.00
Receipts from Waterworks System 6,472.00 1,305.00
Printing and Publication Income 14,154,540.13 11,925,582.70
Rent Income 40,211,939.95 48,465,655.86
Tuition Fees 351,584,027.93 357,785,000.30
Other Business Income 73,213,928.15 37,848,263.85
Fines and Penalties - Business Income 1,573,676.43 1,550,851.11
Dividend Income 208,653.27 272,877.27
Income from Grants and Donations 63,845,099.79 228,165,751.04
Insurance Income 17,795.84 17,364.86
Interest Income 307,204,167.50 281,862,430.75
Miscellaneous Income 59,255,015.26 51,532,250.09
Other Fines & Penalties 18,968.29 63,377.01
Gain/Loss on Foreign Exchange (FOREX) - 4,310.01
Gain/Loss on Sale of Disposed Assets (136,810.46) (288,928.70)
Total Other Income 1,447,695,767.66 1,475,231,681.84
Total Income 7,537,113,897.70 7,219,375,245.24

Less: Expenses
Personal Services
Salaries and Wages - Regular Pay 2,692,055,101.21 2,308,563,732.38

17
 2009 2008
Salaries and Wages - Part-Time Pay P 67,715,046.16 P 58,307,074.20

18
 2009 2008

Salaries and Wages - Substitute P 14,742,368.00 P 71,333,323.77

Salaries and Wages - Casual 44,912,474.28 70,710,312.04
Salaries and Wages - Contractual 135,848,192.77 65,249,022.37
Salaries and Wages - Emergency 1,533,044.33 761,576.75
PERA 82,972,989.54 83,580,376.18
ADCOM 236,070,587.50 226,810,619.34
Representation Allowance 45,762,537.53 41,283,163.98
Transportation Allowance 40,507,235.99 32,094,800.20
Clothing/Uniform Allowance 58,752,733.12 47,202,936.69
Subsistence, Laundry & Quarter Allowance 2,051,164.17 2,092,484.80
Productivity Incentive Bonus 32,930,818.44 28,312,608.08
Other Bonuses and Allowances 360,110,335.61 391,227,927.05
Honoraria 301,514,925.56 294,855,473.35
Hazard Pay 2,995,336.84 3,531,111.21
Longevity Pay 2,274,507.54 7,618,067.54
Overtime & Night Pay 4,193,582.05 3,494,744.32
Cash Gift 65,555,160.49 72,948,840.67
Year End Bonus 242,873,204.65 219,226,088.57
Life and Retirement Insurance Contribution 351,508,718.07 315,233,066.65
PAG-IBIG Contribution 15,679,568.82 16,318,577.67
PHILHEALTH Contribution 32,148,083.86 28,782,520.35
ECC Contribution 12,063,651.45 11,858,283.41
Retirement Benefits - Civilian 20,278,918.59 7,979,660.77
Terminal Leave Benefits 52,750,721.88 58,321,445.52
Health Workers Benefits 204,726,565.95 201,512,842.26
Other Personnel Benefits 134,153,014.22 136,724,258.96
Total Personal Services 5,258,680,588.62 4,805,934,939.08

Maintenance and Other Operating Expenses

Traveling Expenses-Local 18,303,472.84 19,014,773.09
Traveling Expenses-Foreign 6,383,602.38 3,674,054.09
Training Expenses 9,435,936.52 11,462,469.57
Scholarship Expenses 69,278,863.24 43,147,022.17
Office Supplies Expenses 58,145,794.81 61,797,531.91
Accountable Forms Expenses 1,514,374.64 1,720,020.23
Zoological/Animal Maintenance Expenses 2,177,427.00 3,164,881.15
Food Supplies Expenses 52,206,410.98 49,042,102.15
Drugs & Medicine Expenses 203,580,480.49 392,994,064.44
Medical, Dental & Laboratory Supplies Expenses 171,242,754.97 172,777,296.07
Gasoline, Oil and Lubricants Expenses 19,358,451.36 25,212,628.10
Agricultural Supplies Expenses 1,057,409.20 853,478.01
Textbooks & Instructional Materials Expense 1,207,717.71 2,447,407.64
Military and Police Supplies Expenses 16,838.00 11,500.00
Other Supplies Expenses 30,107,196.01 25,293,651.29
Water Expenses 129,625,633.72 91,654,872.95
Electricity Expenses P 256,521,963.07 P 240,063,537.21

19
 2009 2008

Cooking Gas Expenses P 2,639,872.08 P 2,642,908.98

Postage and Deliveries 3,428,527.87 2,502,955.63
Telephone Expenses - Landline 27,101,490.94 29,185,960.15
Telephone Expenses - Mobile 2,199,664.53 2,213,858.17
Internet Expenses 13,308,928.47 12,475,466.23
Cable, Satellite, Telegraph & Radio Expenses 560,031.30 394,103.03
Membership Dues & Contributions to Organizations 2,034,213.34 1,841,693.13
Awards and Indemnities 354,590.00 344,710.00
Advertising Expenses 1,484,014.99 9,785,064.26
Printing and Binding Expenses 15,356,751.92 22,152,895.35
Rent Expenses 11,042,401.12 9,827,583.86
Representation Expenses 6,488,565.33 8,754,545.29
Transportation & Del. Expenses 1,801,032.63 2,691,911.12
Subscriptions Expenses 4,438,072.83 3,191,743.62
Survey Expenses 960.00 -
Rewards & Other Claims 1,624.00 201,683.00
Legal Services 49,916.21 78,960.00
Auditing Services 321,249.35 295,204.95
Consultancy Services 675,982.19 475,652.48
Environment/sanitary Services 6,954,620.00 7,986,945.34
General Services 70,615,231.56 64,860,030.12
Janitorial Expenses 90,306,354.98 90,428,260.60
Security Expenses 100,819,690.29 109,259,471.46
Other Professional Services 18,895,837.22 27,559,855.83
Repairs & Main.- Land Improvements 397,269.01 206,971.21
Repairs & Main.- Electri., Power & Energy Struc.Bldgs. - -
Repairs & Main. - Office Buildings 5,310,595.87 29,628,186.50
Repairs & Main.- School Buildings 13,577,188.39 9,751,824.40
Repairs & Main. - Other Structures 486,514.52 1,182,702.20
Repairs & Main.- Office Equipment 4,367,743.74 4,154,965.23
Repairs & Main. - Furniture & Fixtures 939,586.24 1,040,167.36
Repairs & Main. - IT Equipment Maint.& Software 2,765,687.06 8,499,897.95
Repairs & Main. - Machineries 32,106.00 -
Repairs & Main.- Agricultural, Fishery & Forestry Equip. - 11,020.00
Repairs & Main.- Communication Equipment 166,213.10 90,827.00
Repairs & Main.- Construction and Heavy Equipment 6,132.70 102,077.00
Repairs & Main.- Firefighting Equipment & Accessories 125,600.00 147,300.00
Repairs & Main. - Hospital Equipment 2,279,171.61 5,743,539.83
Repairs & Main.- Medical, Dental, Lab. Equipment 109,923.45 161,141.00
Repairs & Main.- Technical and Scientific Equipment 1,013,392.00 833,555.33
Repairs & Main.- Other Machineries & Equipment 9,530,872.89 6,138,008.95
Repairs & Main.- Motor Vehicles 9,613,732.86 7,343,675.78
Repairs & Main.- Other Transportation Equipment 58,695.00 37,496.32
Repairs & Main.- Other Property, Plant & Equipment 373,083.91 300,888.36
Repairs & Main.- Public Infrastructure - 48,480.00
Repairs & Main.- Art. Wells, Reserv., Pump. Stations 34,353.00 7,977.00

20
 2009 2008
Repairs & Main.- Irrigation, Canals and Laterals P - P 84,250.00

21
 2009 2008

Repairs & Main. - Waterways, Seawalls, Riverwalls P - P 18,975.00

Donations 3,175,000.00 2,575,600.00
Extraordinary Expenses 37,064.55 323.68
Miscellaneous Expenses 32,959,947.26 33,310,061.94
Taxes, Duties and Licenses 1,155,133.16 1,700,426.59
Fidelity Bond Premiums 1,405,130.78 1,829,065.63
Insurance Expenses 10,785,961.92 10,698,079.25
Bad Debts Expense 3,360,560.17 4,442,082.68
Depreciation Exp.- Land Improvements 1,096,369.67 705,952.58
Depreciation Exp.- Elect., Power & Energy Structures 101,248.52 304.93
Depreciation Exp.- Office Building 107,344,440.51 63,237,320.10
Depreciation Exp. - School Building 44,881,197.68 37,297,707.65
Depreciation Exp.- Hospitals and Health Centers 7,317,484.80 979,665.71
Depreciation Exp. - Other Structures 826,016.23 542,333.09
Depreciation Exp.- Office Equipment 23,799,333.79 21,728,526.36
Depreciation Exp. - Furnitures and Fixtures 11,039,772.68 9,747,099.58
Depreciation Exp.- IT Equipment 63,372,782.20 68,254,592.90
Depreciation Exp.- Library Books 22,647,452.50 23,681,357.63
Depreciation Exp.- Machineries 230,728.87 5,850.00
Depreciation Exp.- Agri., Fishery & Forestry Equipment 63,288.61 181,219.14
Depreciation Exp.- Communication Equipment 4,726,690.96 5,132,580.62
Depreciation Exp.- Construction & Heavy Equipment 414.00 3,534.00
Depreciation Exp.- Firefighting Equipment 302,340.77 244,522.65
Depreciation Exp.- Hospital Equipment 66,030,751.80 43,083,462.87
Depreciation Exp.- Medical, Dental & Laboratory Equipments 13,945,882.92 13,468,435.59
Depreciation Exp.- Military & Police Equipment 23,053.20 37,481.01
Depreciation Exp.- Sports Equipments 183,899.36 115,717.43
Depreciation Exp. - Technical & Scientific Equipment 20,743,299.19 18,756,003.42
Depreciation Exp.- Other Machineries & Equipment 9,863,044.53 12,380,432.93
Depreciation Exp.- Motor Vehicles 2,508,655.13 2,879,048.61
Depreciation Exp.- Watercraft 30,847.41 30,455.91
Depreciation Exp.- Other Transportation Equipment 21,185.86 21,944.03
Depreciation Exp.- Other Property, Plant & Equipment 698,788.63 636,535.36
Other Maintenance & Operating Expenses 119,870,296.49 132,764,688.53
Total Maintenance & Other Operating Expenses 2,036,779,875.59 2,139,489,091.49

Financial Expenses
Bank Charges 110,314.75 149,553.99
Documentary Stamps 140.00 250.00
Interest Expense 26,776,000.00 28,365,434.51
Total Financial Expenses 26,886,454.75 28,515,238.50
Total Expenses 7,322,346,918.96 6,973,939,269.07
EXCESS OF INCOME OVER EXPENSES P 214,766,978.74 P 245,435,976.17

See Accompanying Notes to Financial Expenses

22
 University of the Philippines
Consolidated Statement of Cash Flows
For the Year Ended December 31, 2009
(With Comparative Figures for CY 2008)
(In Pesos)
2009 2008
Cash Flow From Operating Activities:
Cash Inflows
Cancellation of Staled Checks 169,575.00 186,708.32
Cancelled Checks of Prior Years Payment 49,869.32
Cash Inflow from Realligned Funds 159,420,261.85 303,273,356.54
Cash Receipts from Grants & Donations 8,060,030.07 76,608,095.04
Cash Receipts from NGAs -Funding Agency 22,417,122.39 15,728,214.04
Collection of Subsidy from Central Office 5,574,295,185.05 3,292,053,079.42
Collection of Trust and Other Accounts 56,785,293.92 30,941,107.32
Collection - Income - Trust 31,665,754.36 53,623,093.59
Collection - Income/Revenues 404,530,283.23 559,034,813.80
Collection - Basilan 6,375.00
Collection - PS/MOOE 11,338,523.58 6,798,819.33
Collection - Publication 155,112.10 1,208,773.12
Collection - Scholarship 2,961,683.61 3,217,803.50
Collection - UPCAT 24,621,582.98 23,966,433.67
Collection Intended for Deposit in Other Funds 945,497.35
Collection of Accounts Receivables 327,062,962.12 2,015,901.96
Collection of Deferred Credits 8,126,844.00
Collection of Due from Officers & Employees 1,480,519.88
Collection of Miscellaneous Income 17,744,288.47 134,193,575.46
Collection of Other Receivables 65,526.97 309,253,366.01
Collection of Perf./Bidders Bonds/Guaranty Dep. 3,608,907.86 6,587,888.89
Collection of Receivables from Other Funds 74,611.75 4,491,962.87
Collection of Receivables/MOOE 66,343,806.67 34,995,546.74
Collection of Retention Fee 361,394.96 975,000.01
Collection of Students and Other Trust Funds 10,632,548.99 672,591,365.53
Collection of Tuition Fee and Other School Fees 17,477,096.06
Collection of Withholding Tax not Covered by TRA 187,558.51 3,243,666.74
Collection of Advances to Contractors 417,497.26 11,431,760.68
Dividend Income 880.00 700.00
Interest Income 202,204,282.49
Miscellaneous Income 6,630,808.66 955,961.00
Other Service Income/Rental Income 15,820.07 4,073.73
Prior Year's Adjustment 15,545,056.21 7,113,886.71
Receipt from Disallowance/charges - 65,000.00
Receipt from Advances to Contractor 17,128,836.79
Receipt from Operation 556,040,770.29 349,383,605.74
Receipt from Other Funds 77,652,983.79 18,252,526.86

21
 2009 2008
Receipt from Other Payables & Long-term Payables 234,197,497.28
Receipt from Sale of Goods/Inventories 1,491,282.54 2,569,730.43
Receipt from UP Press 9,274,486.05 10,555,437.80
Receipt of Accounts Payables 856,128,750.35 -
Receipt of Advances to Officers and Employees 178,298.27
Receipt of Due from Central Office 569,635.27
Receipt of Due to Other Funds 46,268,494.13 29,178,133.37
Receipt of Due to LGUs 40,447,655.86 259,519,449.58
Receipt of GSIS/PAG-IBIG/ Philhealth Payables 372,687.52 229,593.86
Receipt of Inter-agency Payables 5,245,509.57 56,864,214.85
Receipt of Inter-agency Transfer 897,535,265.10 97,249,013.85
Receipt of Interest Income 175,066,069.60
Receipt of Inter-fund Cash Transfer 627,818.79 298,011,923.48
Receipt of Medical, Dental & Laboratory Supplies Invt. 8,800.00
Receipt of Notice of Cash Allocation 6,089,418,130.04 5,642,364,148.42
Receipt of Other Payables 528,035,150.17 257,347,043.62
Receipt of Other Receivables -
Receipt of Performance/Bidder's Bond 10,098,142.49 4,828,733.15
Receipt of Receivables from UPS for CY 2007 5,310,750.79
Receipt of Ref. of Cash Adv. & Overpayment of Exp. 24,025,828.60 18,417,681.07
Receipt of Trust Fund 25,988.60
Receipt of Trust Liabilities 1,340,811,601.75 143,148,391.94
Receipt of Withholding Taxes Except Thru TRA 3,207,271.24
Receipt of Unpaid Sal. and Wages of Officers and Emp. 198,567.65
Redemption of Invested Capital 5,000,000.00
Refund of Cash Advances/Petty Cash Fund 391,192.75 3,321,772.78
Refund from Guarantee Deposits 18,659,005.77
Transfer from Common, Trust and Revolving Fund 9,525,636.35 2,000,000.00
Total Cash Inflows 17,481,174,878.98 13,194,971,143.98

Cash Outflows
Acquisition of Equipment 2,677,495.88
Adjustment made in Other Deferred Credits 4,609,536.81
Bank Charges 8.12
Subsidy to Constituent Universities 5,579,080,837.50 4,657,184,680.74
Cash Advances/petty cash fund granted 34,297,988.51 44,527,095.51
Cash Disbursement for Reprogrammed Funds 91,038,127.27 240,218,370.63
Cash Outflow from Realligned Funds 15,169,028.29
Cash Payment from Central Office 76,047,733.89 1,515,136.72
Cash Payment from Other Funds 242,063.92
Cash Payment of Advances to Contractors 1,521,371.01 58,441,642.60
Cash Payment of Advances to Officers & Employees 19,278,943.21 28,599.60
Cash Payment of Other Deferred Credits 575,600.05
Cash Payment of Due From Other Funds 16,633,707.73 814,127.94

22
 2009 2008
Cash Payment of Due to Officers and Employeess 1,544,951.92 549,909.42
Cash Payment of Due to Other Funds 110,649,386.87 10,647,411.28
Cash Payment of Due to Other NGAs 38,129,872.01 5,502,606.19
Cash Payment of Due to BIR 160,907.84
Cash Payment of Guarantee Deposits 7,134,687.31
Cash Payment of Invt./ Sup./ Other Current Assets 69,574,061.34 383,986,501.90
Cash Payment of Fixed assets 1,893,552,598.54 400,000.00
Cash Payment of Operating Expenses 3,199,004,763.95 3,392,109,300.07
Cash Payment of Operation 2,855,974.79
Cash Payment of Prior year's Operating Expenses
Cash Payment of Payables 21,819,543.24 653,255,432.83
Cash Payment of Payables Incurred in Operation 535,437,345.38
Cash Payment of Other Payables 5,889,866.79
Cash Payment of Receivables 6,881,499.40 61,202,425.20
Cash Payment of Retention Fees 5,565,097.90
Cash Payment of Other Receivables 56,097.10 2,438,081.55
Cash Payment of Trust Liabilities 822,718,660.93 185,093,265.92
Cash Payment to Other Funds
Cash Payment to UP Press 6,931,328.38 7,234,058.18
Cash Payment made to LGU
Computer Loan Granted 937,447.00 1,092,475.00
Disbursement-Grants & Donations 602,333.48 227,335.53
Disbursement - Interests
Disbursement - Miscellaneous 28,320,542.31 23,264,509.86
Disbursement - Publications 32,100.00 117,887.15
Disbursement - Scholarships 987,770.00 1,249,287.50
Due from NGAs 312,811.88
Granting of Cash Advance /Petty Cash Expenses 10,009,278.17 24,155,770.83
Increase in Loans Receivable-Students 431,408.25
Interfund Transfer to Revolving Fund 107,669,014.95
Interfund Cash Transfer 7,309,741.64
Intra-Agency Cash Transfer 98,048,126.43
Interest Receivable 228,311.91
Payment of Other Long Term Liabilities 10,587,621.53 531,952.11
Payment of Trust Funds 346,755,999.85
Prior Year Adjustments 8,785,189.45 885,328.13
Refund of Income 10,087,855.70 4,597,164.14
Refund of Interfund Cash Transfers 27,965,424.47
Refund of Guaranty Deposits Payable 101,641.50
Refund of Performance/ Bidders Bonds Payable 27,522,597.47 36,377,784.13
Refund of Retention Fee 4,207,188.88
Refund of Trust Liabilities 290,751,557.24
Refund of Tuition and Other Fees 6,303,461.44 639,242.20
Refund of Unexpended Balance-Projects/Deposit 18,770,142.94

23
 2009 2008
Refund of Withholding Taxes to Employees 483,392.21 654,422.00
Refund of Withholding Tax 2,387,880.39
Refund 121,332.83
Refund of Funds as Inter-agency Cash Transfers
Refund of Funds as Intra-agency Cash Transfers 535,642,583.07
Release of Funds as Inter-Agency Cash Transfer 813,271,698.54
Remittance of GSIS/PAG-IBIG /PHILHEALTH 556,363,544.25 464,550,747.60
Remittance of Withholding Taxes Except thru TRA 73,520,262.42 90,334,378.96
Remittance of Withholding Taxes 2,876,431.16
Remittance to Others 128,480,954.44
Remittance to Private Entities /Others
Replacement of Staled Check 12,535.44 5,200.00
Reversion of Unused NCA 300,000.00
Transfer of Reprogrammed Funds 9,525,636.35
Total Cash Outflows 14,411,392,517.95 11,641,232,516.94
Cash Provided by Operating Activities 3,069,782,361.03 1,553,738,627.04
Cash Flow from Investing Activities:
Cash Inflows
Prior Year Adjustment s of PPE 1,566,145.95 210,022.27
Proceeds from Investment in Bonds
Proceeds fromTerminated Treasury Bills 5,317,456.55
Proceeds from Maturity of Treasury Bills 332,939,400.86
Proceeds from Retired Bonds
Receipt of Interest on Time Deposit
Receipt of New Placements in Time Deposit
Reprogrammed Fund 1,945,550.55
Proceeds From Disposal/Sale of PPE 2,855,974.79 2,773,651.80
Redemption of Long - Term Investments 142,943,616.06 37,381,841.00
Total Cash Inflows 482,250,688.21 45,682,971.62

Cash Outflows
Acquisition of Other Government Securities 134,794,901.62
Cash Purchase of Property, Plant and Equipment 1,655,594,315.10 481,917,964.31
Investment in Treasury Bills 254,588,569.89 198,671,891.50
Investment in Bonds/Stocks
Other Long - Term Investments Bills /Bonds /Stocks 155,690,940.50 353,200.00
Gain/Loss on Sale of Disposed Assets 110,973,797.87
Total Cash Outflows 2,065,873,825.49 926,711,755.30
Cash Provided by Investing Activities (1,583,623,137.28) (881,028,783.68)

Cash Flow from Financing Activities:

Cash Inflow -
Cash outflow
Payment of Bank Charges 19,159.01 -

24
 2009 2008
Total Cash Outflows 19,159.01 -

Cash Provided by Financing Activities (19,159.01) -

Total Cash Provided by Ope., Inv. and Fin. 1,486,140,064.74 672,709,843.36

Activities before effect of change in conversion rate
Effect of Change in Conversion Rate (Note 2) - 15,558,891.74

Net Increase( Decrease) in Cash 1,486,140,064.74 688,268,735.10

Add: Cash Balance, Beginning Jan, 1, 2009 10,483,860,559.85 9,910,197,138.57

Less: Adjustment of Beginning Balance 111,490.00

Cash Balance, Ending December 31,2009 11,969,889,134.59 10,598,465,873.67

See Accompanying Notes to Financial Statements

25