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Background photos by Marlon T. Abuan, Raymund Valenton, JL Reyes, Mon Robles, Norman Belino, Jay Feudo Hernandez and Dr. RM Del Mundo.
Nov
29
2013
2
Ormeco’s finances as of 2013 as have obtained from the National Electrification Authority (NEA).
Click photo for full PDF Report.
2 Comments for ORMECO Financial Profile 2013
Sylvette G. Sabaupan
December 1, 2013, 11:26 am
December 1, 2013, 11:26 am
1. Is this related to the balance sheet as of June 30,2013? If so, may I ask what portion of the balance sheet is the net income of of P26,728,000 reflected?Please see column on June 30, 2013, second to the last line.
2. Comparing the receivable on the balance sheet of 148M and the revenue of 867M, it is7% of the total revenue…which means ORMECO already rendered services and has claims to more than 5% of the population in Oriental Mindoro using energy …? Are they still outstanding as of today?..
3. May I ask what is the reason for the decrease in revenue from 2012 to 2013 when net operating margin increased from 2012 to 2013? so better have lower revenue,?, he he he…
4. Just curious about “Other Revenue”..are these the installation fees for electrical connections?Sorry, am not an engineer..
Thanks…
Admin
December 1, 2013, 4:51 pm
December 1, 2013, 4:51 pm
Wehehhe. yari ang mga financial statements sa atin Sylvette. Yan nga ang sinasabi ko palagi sa mga financial docs na may “other”, “receivables” at mga carry over items na hindi naman detailed. para silang mga ‘pety cash” na hindi malinaw ang documentation kung hindi mo bubusisiin ang mga accompanying docs na hindi naman palaging accessible sa public.