Bohol powerpoint year end 2015 final

1. MEDICAL MISSION GROUP
HOSPITAL AND HEALTH SERVICES
COOPERATIVE (BOHOL)
HEMODIALYSIS UNIT
2015 YEAR-END
FINANCIAL REPORT

2. Statement of Operations
For the year ended, December 31, 2015
Notes 2015 2014
REVENUES
IncomefromService(Hospital)Operations 8.1 4,189,892.51 -
IncomefromConsumers/MarketingOperations 8.2 - -
OtherIncome 8.3 708.96 112.04
TOTAL REVENUES 4,190,601.47 112.04
EXPENSES 9.2 2,918,556.03 -
NET SURPLUS(LOSS)FROMOPERATIONS 1,272,045.44 112.04

3. Note 8- INCOME/RECEIPTS
This account is broken down as follows:
8.1 Income from Service Operations
Service Income - Oxygen 71,525.00
Service Income - Hemodialysis 8,035,322.66
Service Income - ECG 1,000.00
TOTAL 8,107,847.66
LESS: COST OF SERVICES
Hemodialysis Supplies 3,591,295.95
Medical supplies 76,805.95
Professional Fees-Hemodialysis 249,500.00 3,917,601.90
GROSS INCOME FROM SERVICE OPERATIONS 4,190,245.76
Less: Discounts 353.25
Net Income from Services Operations 4,189,892.51
8.2 Other Income
Interest Income-Bank Deposits (net of tax) 708.96
Total 708.96
8.3 TOTAL INCOME FOR THE PERIOD 4,190,601.47

4. Note 9- EXPENSES
This account consist of the following:
9.1 Administrative/Operating Expenses
9.1.1 Compensation and Benefits
Salaries and Allowance 1,402,693.97
Employees Benefits 80,149.61
Total 1,482,843.58
9.1.2 Other Expenses
Power & Light (Electricity) 36,220.00
Communication Expense 15,093.00
Travel and Transportation Expenses 22,029.68
Trainings & Seminars 145,757.30
Repairs and Maintenance 51,975.58
Gasoline & Fuel 500.00
Bank Service Charge 200.00
Office Supplies 25,675.16
Hospital supplies 76,805.95
Hemodialysis Supplies 3,591,295.95
Hemo Fees 32,000.00
Professional Fees-Hemodialysis 249,500.00
Charities & Donations 37.95
Representation Expenses 42,843.27
Taxes, Fees & Charges 56,384.00
Depreciation Expenses 1,006,996.51
Total 5,353,314.35
9.2 TOTAL EXPENSES 6,836,157.93
9.3 NET SURPLUS 1,272,045.44

5. STATEMENT OF FINANCIAL CONDITION
As of December 31,2015
Notes 2015 2014
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents 115,712.52 9,137.54
Receivables and Advances, Net 5,724,061.85 28,551.35
Inventories 974,986.45 -
Other Current Assets 414,108.20 422,035.06
Total Current Assets 7,228,869.02 459,723.95
NON-CURRENT ASSETS
Property and Equipment, Net 5,664,666.98 7,975,113.40
Other Non-Current Assets
Total Non-Current Assets 5,664,666.98 7,975,113.40
TOTAL ASSETS 12,893,536.00 8,434,837.35
LIABILITIES AND EQUITY
LIABILITIES
CURRENT LIABILITIES
Trade, Non-Trade and Other Payables 1,179,210.89 6,750,000.00
Other Current Liabilities 5,868,176.46 754,958.60
Total Current Liabilities 7,047,387.35 7,504,958.60
TOTAL LIABILITIES 7,047,387.35 7,504,958.60
EQUITY
Share Capital 4,573,991.16 929,766.71
Statutory & Optional Funds
Net Savings, Beg 112.04
Add: Net Savings for the month 1,272,045.44 112.04
TOTAL EQUITY 5,846,148.64 929,878.75
TOTAL LIABILITIES AND EQUITY 12,893,535.99 8,434,837.35
See accompanying notes to financial statements

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