ABC COOPERATIVE STATEMENT OF FINANCIAL OPERATION For the Years Ended December 31, 2019 and 2018 (In Philippine Pesos) Notes 2019 2018 Inc/ (Dec) REVENUE Interest Income from Loans 11,051,402.90 24,637,016.00 [13.585,613.10) Service Fees/ Charges 1,704,861.62 1.651,800.00 53.061.62 Filling Fee 181,476.88 180.178.00 1.298.88 Fines, Penalties and Surcharges 325,330.92 513,423.00 (188,092 08) Membership Fees 6,000.00 11,550.00 (5.550.00) Income/ Interest from Investments (290,691.00) 862,042.60 (952.733.60) Miscellaneous Income 4 & 17 127,897.00 769.040.68 (641,143.68) TOTAL REVENUE 13,106,278.32 28,425.050.28 (15,318.771.96) LESS: EXPENSES Financing Cost 2,249.119.81 (2.240. 110.81) Administrative Costs 15 & 18 4,806,889.01 (4.806,880.01) Democratic Governance Costs 4 & 19 1.475,000.00 1,475,000.00) TOTAL EXPENSES 8,531,008.82 (8.531,008.82) NET SURPLUS (For Distribution) 13,106,278.32 19.894.041.46 DISTRIBUTION OF NET SURPLUS 4 & 20 Reserve Fund 1,572,753.40 2,387.284.98 (814.531.58) Cooperative Education and Training Fund Local 393,188.35 596,821.24 (203.632.80) APEX 393,188.35 596,821.24 (203.632.80) Community Development Fund 393, 188.35 696,821.24 203.632.89) Optional Fund Land and Building Fund 393, 188.35 596,821.24 203,632.80) Social Fund 131,062.78 198.040.41 67,877.63) Scholarship Fund 131,062.78 198,040.41 (87,877.83) Mortuary Aid Fund 131,062.78 198,040.41 (67.877.63) Employees' Retirement Fund 131,062.78 198.040.41 (67.877.63) Interest & Patronage Refund Patronage Fund 2,830,956.12 4,297.112.96 (1,486, 156.84) Interest on Share Capital 6,605,564.27 10,026.596.90 3,421,032.62) TOTAL AS DISTRIBUTED 13,106,278.32 19,894.041.46 (6.787.763.14) See Accompanying Notes to Financial Statements