2011

2,833,815.04

DISTRIBUTED AS FOLLOWS:
Reserve Fund
Education and Training Fund - Local
Due to CETF - apex
Interest on Share Capital
Patronage Refund Payable
Community Development Fund
Optional Fund
NET SURPLUS AS DISTRIBUTED

283,381.50
14,169.08
14,169.08
1,756,965.32
736,791.91
8,501.45
19,836.71
2,833,815.04

2012
3,284,450.20

328,445.02
16,422.25
16,422.25
2,036,359.12
853,957.05
9,853.35
22,991.15
3,284,450.20

2013 2010 liab

3,881,049.45

388,104.945
19,405.247
19,405.247
2,406,250.656
1,009,072.856
11,643.148
27,167.346
3,881,049.445

525,969.74
12,607.86

14,741.05
67,058.67
620,377.32

2011

809,351.24
26,776.94

23,242.50
86,895.38
946,266.05

2012

1,137,796.26
43,199.19

33,095.85
109,886.53
1,323,977.82

2013

1,525,901.21
62,604.43

44,738.99
137,053.87
1,770,298.51

PNB RETIREES AND EMPLOYEES MULTI-PURPOSE COOPERATIVE

COMPARATIVE COMMON-SIZE STATEMENTS OF FINANCIAL CONDITION
DECEMBER 31, 2008 and 2007

2010

2009

2008

2007

ASSETS
Current Assets:
Cash and Other Cash Equivalents
Loans Receivables
Other Receivables
Inventory
Total Current Assets

3,587,273.66
22,297,946.60
89,770.50
520,626.30
26,495,617.06

0.131
0.813
0.003
0.019
0.966

3,620,541.57
24,550,997.86
538,839.50
940,575.57
29,650,954.50

0.118
0.802
0.018
0.031
0.968

5,959,585.45
24,462,532.77
646,937.67
965,963.74
32,035,019.63

0.184
0.754
0.020
0.030
0.987

2,969,112.61
18,561,931.90
1,557,908.50
784,115.66
23,873,068.67

0.123
0.768
0.064
0.032
0.988

Non-Current Assets:
Long-Term Investments
Property and Equipment
Total Non-Current Assets
TOTAL ASSETS

689,985.35
233,364.80
923,350.15
27,418,967.21

0.025
0.009
0.034
1.000

701,335.17
265,770.56
967,105.73
30,618,060.23

0.023
0.009
0.032
1.000

201,335.17
223,589.60
424,924.77
32,459,944.40

0.006
0.007
0.013
1.000

186,690.92
109,277.99
295,968.91
24,169,037.58

0.008
0.005
0.012
1.000

LIABILITIES & EQUITY

LIABILITIES
Current Liabilities:
Deposit Liabilities
Interest on Share Capital
Patronage Refund Payable
Unearned Discounts
Due to CETF (Apex)
Other Liabilities
Total Current Liabilities

1,875,559.20
1,268,537.27
736,733.12
18,107.86
249,408.26
4,148,345.71

0.068
0.046
0.027
0.001
0.009
0.151

1,006,329.48
890,621.63
750,818.22
2,149,344.65
12,250.94
355,084.97
5,164,449.89

0.033
0.029
0.025
0.070
0.000
0.012
0.169

281,950.25
1,500,000.00
650,000.00
2,247,710.82
12,580.00
309,812.56
5,002,053.63

0.009
0.046
0.020
0.069
0.000
0.010
0.154

205,402.02
316,002.78
604,148.58
1,585,246.00
25,117.68
355,260.00
3,091,177.06

0.008
0.013
0.025
0.066
0.001
0.015
0.128

Non-Current Liabilities
Retirement Fund Payable
Other Liabilities
Total Non-Current Liabilities
TOTAL LIABILITIES

70,000.00
550,575.31
620,575.31
4,768,921.02

0.003
0.020
0.023
0.174

70,000.00
495,034.57
565,034.57
5,729,484.46

0.002
0.016
0.018
0.187

70,000.00
379,484.57
449,484.57
5,451,538.20

0.002
0.012
0.014
0.168

70,000.00
224,329.57
294,329.57
3,385,506.63

0.003
0.009
0.012
0.140

21,989,300.00
38,368.87
622,377.32
22,650,046.19
27,418,967.21

0.802
0.001
0.023
0.826
1.000

24,125,000.00
405,647.59
357,928.18
24,888,575.77
30,618,060.23

0.788
0.013
0.012
0.813
1.000

24,790,000.00
2,135,569.50
82,835.88
27,008,405.38
32,459,943.58

0.764
0.066
0.003
0.832
1.000

13,950,000.00
5,641,007.25
1,192,523.70
20,783,530.95
24,169,037.58

0.577
0.233
0.049
0.860
1.000

EQUITY
SHARE CAPITAL
Deposits on Future Share Capital Subscriptions
STATUTORY FUNDS
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY

PNB RETIREES AND EMPLOYEES MULTI-PURPOSE COOPERATIVE

COMPARATIVE COMMON-SIZE STATEMENTS OF FINANCIAL CONDITION
DECEMBER 31, 2008 and 2007
HORIZONTAL
2010

2009

2009

ASSETS
Current Assets:
Cash and Other Cash Equivalents
Loans Receivables
Other Receivables
Inventory
Total Current Assets

3,587,273.66
22,297,946.60
89,770.50
520,626.30
26,495,617.06

3,620,541.57
24,550,997.86
538,839.50
940,575.57
29,650,954.50

(0.01)
(0.09)
(0.83)
(0.45)
(0.11)

3,620,541.57
24,550,997.86
538,839.50
940,575.57
29,650,954.50

Non-Current Assets:
Long-Term Investments
Property and Equipment
Total Non-Current Assets
TOTAL ASSETS

689,985.35
233,364.80
923,350.15
27,418,967.21

701,335.17
265,770.56
967,105.73
30,618,060.23

(0.02)
(0.12)
(0.05)
(0.10)

701,335.17
265,770.56
967,105.73
30,618,060.23

LIABILITIES & EQUITY

LIABILITIES
Current Liabilities:
Deposit Liabilities
Interest on Share Capital
Patronage Refund Payable
Unearned Discounts
Due to CETF (Apex)
Other Liabilities
Total Current Liabilities

1,875,559.20
1,268,537.27
736,733.12
18,107.86
249,408.26
4,148,345.71

1,006,329.48
890,621.63
750,818.22
2,149,344.65
12,250.94
355,084.97
5,164,449.89

0.86
0.42
(0.02)
(1.00)
0.48
(0.30)
(0.20)

1,006,329.48
890,621.63
750,818.22
2,149,344.65
12,250.94
355,084.97
5,164,449.89

Non-Current Liabilities
Retirement Fund Payable
Other Liabilities
Total Non-Current Liabilities
TOTAL LIABILITIES

70,000.00
550,575.31
620,575.31
4,768,921.02

70,000.00
495,034.57
565,034.57
5,729,484.46

0.11
0.10
(0.17)

70,000.00
495,034.57
565,034.57
5,729,484.46

21,989,300.00
38,368.87
622,377.32
22,650,046.19
27,418,967.21

24,125,000.00
405,647.59
357,928.18
24,888,575.77
30,618,060.23

(0.09)
(0.91)
0.74
(0.09)
(0.10)

24,125,000.00
405,647.59
357,928.18
24,888,575.77
30,618,060.23

EQUITY
SHARE CAPITAL
Deposits on Future Share Capital Subscriptions
STATUTORY FUNDS
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY

2008

2008

2007

AGR

1+AGR

5,959,585.45
24,462,532.77
646,937.67
965,963.74
32,035,019.63

(0.39)
0.00
(0.17)
(0.03)
(0.07)

5,959,585.45
24,462,532.77
646,937.67
965,963.74
32,035,019.63

2,969,112.61
18,561,931.90
1,557,908.50
784,115.66
23,873,068.67

1.007
0.318
(0.585)
0.232
0.342

0.201840388
0.076577772
-0.528410672
-0.080283009
0.053684278

1.201840388
1.076577772
0.471589328
0.919716991
1.053684278

201,335.17
223,589.60
424,924.77
32,459,944.40

2.48
0.19
1.28
(0.06)

201,335.17
223,589.60
424,924.77
32,459,944.40

186,690.92
109,277.99
295,968.91
24,169,037.58

0.078
1.046
0.436
0.343

0.84855968
0.370928228
0.555469791
0.060603734

1.84855968
1.370928228
1.555469791
1.060603734

281,950.25
1,500,000.00
650,000.00
2,247,710.82
12,580.00
309,812.56
5,002,053.63

2.57
(0.41)
0.16
(0.04)
(0.03)
0.15
0.03

281,950.25
1,500,000.00
650,000.00
2,247,710.82
12,580.00
309,812.56
5,002,053.63

205,402.02
316,002.78
604,148.58
1,585,246.00
25,117.68
355,260.00
3,091,177.06

0.373
3.747
0.076
0.418
(0.499)
(0.128)
0.618

1.268537211
1.254956458
0.070746521
-0.208622935
-0.015745242
-0.093136172
0.151295785

2.268537211
2.254956458
1.070746521
0.791377065
0.984254758
0.906863828
1.151295785

70,000.00
379,484.57
449,484.57
5,451,538.20

0.30
0.26
0.05

70,000.00
379,484.57
449,484.57
5,451,538.20

70,000.00
224,329.57
294,329.57
3,385,506.63

0.692
0.527
0.610

0
0.369442095
0.29417186
0.164529988

1
1.369442095
1.29417186
1.164529988

24,790,000.00
2,135,569.50
82,835.88
27,008,405.38
32,459,943.58

(0.03)
(0.81)
3.32
(0.08)
(0.06)

24,790,000.00
2,135,569.50
82,835.88
27,008,405.38
32,459,943.58

13,950,000.00
5,641,007.25
1,192,523.70
20,783,530.95
24,169,037.58

0.777
(0.621)
(0.931)
0.300
0.343

0.220569725
-0.778961875
1.043075781
0.043693377
0.06060373

1.220569725
0.221038125
2.043075781
1.043693377
1.06060373

if agr

if inf

if inf

2011

2011
HA

4,311,330.368
24,005,473.665
42,334.810
478,828.854
28,837,967.697

1.2
1.07
1.04
1.04

4,304,728.39
23,858,802.86
93,361.32
541,451.35
28,798,343.926

1,275,479.098
319,926.392
1,595,405.489
30,433,373.186

1
1

689,985.35
233,364.80
923,350.150
29,721,694.08

4,254,775.836
2,860,496.310
788,854.425
17,822.747
226,179.329
8,148,128.648

1.2
1.25
1.07

70,000.000
753,981.006
823,981.006
8,972,109.65

26,839,473.848
8,480.983
1,271,564.029
28,119,518.860
37,091,628.51

0.08

VA
va2010
0.144834557
0.131
0.802740342
0.813
0.003141184
0.003
0.018217379
0.019
0.968933462
0.966

1.2
1.07
1.04
1.04

2.956681342
0.007851666
0.031066538
1

0.025
0.009
0.034
1.000

1
1

0.075724857
0.053350646
0.026522864

1.2
1.25
1.07

2,250,671.04
1,585,671.59
788,304.44
18,832.17
259,384.59
4,902,863.831

0.000633617
0.008727113
0.164959098

0.068
0.046
0.027
0.001
0.009
0.151

1
1.04

70,000.00
572,598.32
642,598.322
5,545,462.15

0.002355182
0.019265333
0.021620515
0.186579612

0.003
0.020
0.023
0.174

1
1.04

1.04
1.04

23,190,000.00
39,965.87
946,266.05
24,176,231.920
29,721,694.07

0.780238164
0.00134467
0.031837554
0.813420388
1

0.802
0.001
0.023
0.826
1.000

1.04
1.04

1.04
1.04

0.00
23190062.25
39966.12
39965.87

0.05
0.04

0.08

1.04
1.04

if inf
2012

2013

5,165,674.07
25,528,919.06
97,095.77
563,109.41
31,354,798.312

VA
0.160036257
0.790904072
0.003008096
0.01744553
0.971393956

2011
0.144834557
0.802740342
0.003141184
0.018217379
0.968933462

689,985.35
233,364.80
923,350.150
32,278,148.5

2.956681342
0.007229808
0.028606044
1

2,700,805.25
1,982,089.48
843,485.75

1.2
1.07
1.04
1.04

6,198,808.88
27,315,943.40
100,979.60
585,633.78
34,201,365.667

2.956681342
0.007851666
0.031066538
1

1
1

689,985.35
233,364.80
923,350.150
35,124,715.8

0.083672868
0.061406542
0.026131789

0.075724857
0.053350646
0.026522864

1.2
1.25
1.07

3,240,966.30
2,477,611.86
902,529.75

19,585.46
269,759.97
5,815,725.917

0.000606772
0.008357356
0.180175326

0.000633617
0.008727113
0.164959098

1.04
1.04

20,368.88
280,550.37
6,922,027.157

70,000.00
595,502.26
665,502.255
6,481,228.17

0.00216865
0.018449083
0.020617733
0.200793059

0.002355182
0.019265333
0.021620515
0.186579612

1
1.04

70,000.00
619,322.35
689,322.346
7,611,349.50

0.756858778
0.001330388
0.04
0.799206941
1

0.780238164
0.00134467
0.031837554
0.813420388
1

1.04
1.04

25,690,000.00
53,067.81
1,770,298.51
27,513,366.319
35,124,715.8

24,430,000.00
42,942.47
1,323,977.82
25,796,920.293
32,278,148.5

0.09

0.05
0.07

0.09

2013 VA
0.176479973 0.160036257
0.777684396 0.790904072
0.002874887 0.003008096
0.016672983
0.01744553
0.973712239 0.971393956

0.09

0.05
0.24

0.09

2.956681342
0.006643891
0.026287761
1

2.956681342
0.007229808
0.028606044
1

0.09227025
0.070537563
0.025695005

0.083672868
0.061406542
0.026131789

0.000579902
0.007987264
0.197069983

0.000606772
0.008357356
0.180175326

0.001992899
0.017632096
0.019624994
0.216694977

0.00216865
0.018449083
0.020617733
0.200793059

0.731393818
0.00151084
0.050400365
0.783305023
1

0.756901468
0.001287698
0.041017775
0.799206941
1

PNB RETIREES AND EMPLOYEES MULTI-PURPOSE COOPERATIVE

STATEMENTS OF CASHFLOWS
2011-2013
2011

CASH FLOWS FROM OPERATING ACTIVITIES

Net Surplus
Adjustments to reconcile net surplus to net cash
Changes in assets and liabilities:
Decrease (Increase) in:
Loans receivable
Other receivables
Merchandise inventory
(Increase)
Increase (Decrease) in:
Deposit Liabilities
Deposit for future Capital Share subscription
Interest in Share Capital Payable
Patronage Refund Payable
Due to CETF (APEX
Other Liabilities
Increase
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Long term investments
Net cash flow from Investing Activities

2,833,815.04

1,560,856.26
3,590.82
20,825.05
1,585,272.13

375,111.84
1,597.00
317,134.32
51,571.32
724.31
9,976.33
756,115.12
2,004,658.03

0
0

CASH FLOWS FROM FINANCING ACTIVITIES

Increase (Decrease) in:
Share capital
Statutory funds
Net cash provided by (used in) financing activities

1,200,700.00
323,888.73
1,524,588.73

NET INCREASE IN CASH AND CASH EQUIVALENTS

ADD: CASH AND CASH EQUIVALENTS, JANUARY1
CASH AND CASH EQIUIVALENTS

717,454.73
3,587,273.66
4,304,728.39

2012

2013

3,284,450.20

3,881,049.45

1,670,116.20
3,734.45
21,658.05
1,695,508.71

1,787,024.33
3,883.83
22,524.38
1,813,432.54

450,134.21
2,976.60
396,417.90
55,181.31
753.29
10,375.38
915,838.69
2,504,780.18

540,161.05
10,125.34
495,522.37
59,044.00
783.42
10,790.40
1,116,426.58
3,184,043.48

1,240,000.00
377,711.77
1,617,711.77

1,260,000.00
446,320.69
1,706,320.69

860,945.68
4,304,728.39
5,165,674.07

1,033,134.81
5,165,674.07
6,198,808.88