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Coop Projected Balance Sheet

The Mahal Cooperative's financial condition as of December 31, 20X2 shows total assets of 1,777,619, with current assets increasing from 1,728,200 to 1,777,619. Total liabilities decreased from 873,010 to 693,998, while members' equity rose significantly from 855,190 to 1,083,621. Overall, the cooperative demonstrates a positive financial trend with increasing assets and equity.

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4 views2 pages

Coop Projected Balance Sheet

The Mahal Cooperative's financial condition as of December 31, 20X2 shows total assets of 1,777,619, with current assets increasing from 1,728,200 to 1,777,619. Total liabilities decreased from 873,010 to 693,998, while members' equity rose significantly from 855,190 to 1,083,621. Overall, the cooperative demonstrates a positive financial trend with increasing assets and equity.

Uploaded by

annjulie0215
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MAHAL COOPERATIVE

STATEMENT OF FINANCIAL CONDITION


AS OF DECEMBER 31, 20X2

ASSETS
Year 1 Year 2
CURRENT ASSETS
Cash and Cash Equivalents 1,719,359 1,768,336
Receivable Assigned - Surety Agreement (Net)
Unused Supplies 3,600 3,780
Prepaid Expenses 5,241 5,503
Other Current Assets
Total Current Asset 1,728,200 1,777,619

NON-CURRENT ASSETS
Trust Deposit for Surety Fund
Property, Plant and Equipment (Net)
Other Non Current Assets
Total Non-Current Assets - -
TOTAL ASSETS 1,728,200 1,777,619

LIABILITIES AND MEMBERS EQUITY


CURRENT LIABILITIES
Due to Regulatory Agencies
SSS/ECC/ Philhealth / Pag-ibig Premium Contributions
SSS/Pag-Ibig Loans Payable
Withholding Tax Payable
Due to Federation/Union (CETF)
Interest on Share Capital Payable 373,010 393,998
Patronage Refund Payable
Due to Lending Bank 200,000 150,000
Financial Guarantee-Surety Agreement (Net)
Other Current Liabilities
Total Current Liabilities 573,010 543,998

NON- CURRENT LIABILITIES


Loans Payable 300,000 150,000
Retirement Fund Payable
Other Non-Current Liabilities
Total Non-Current Liabilities 300,000 150,000
TOTAL LIABILITIES 873,010 693,998

MEMBERS EQUITY
Restricted Capital for Surety
Paid-up Share Capital - Common 500,000 500,000
Paid-up Share Capital - Preferred
Statutory Funds 305,190 533,621
Donation and Grants
Deposit on Share Capital Subscription 50,000 50,000
Total Members Equity 855,190 1,083,621
TOTAL LIABILITIES AND MEMBERS EQUITY 1,728,200 1,777,619
ANNEX A-1

Year 3 Year 4 Year 5

1,842,912 1,926,008 2,151,423

3,931 4,128 4,293


5,723 6,009 6,250

1,852,566 1,936,145 2,161,965

- - -
1,852,566 1,936,145 2,161,965

416,035 447,425 471,721

150,000

566,035 447,425 471,721

- - -
566,035 447,425 471,721

500,000 500,000 500,000

736,531 938,721 1,140,244

50,000 50,000 50,000


1,286,531 1,488,721 1,690,244
1,852,566 1,936,145 2,161,965

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