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Cover Sheet: For Audited Financial Statements

This document is an audited consolidated statement of financial position for Air Driving Corporation and Subsidiaries as of December 31, 2020. It shows total assets of P103.94 billion, with current assets of P26.05 billion including cash of P24.43 billion and noncurrent assets of P77.89 billion including property and equipment of P67.31 billion. Total liabilities are P86.35 billion, with current liabilities of P51.88 billion and noncurrent liabilities of P34.47 billion. Total equity is P17.59 billion.

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Alea Mae Therese Bermejo
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79 views

Cover Sheet: For Audited Financial Statements

This document is an audited consolidated statement of financial position for Air Driving Corporation and Subsidiaries as of December 31, 2020. It shows total assets of P103.94 billion, with current assets of P26.05 billion including cash of P24.43 billion and noncurrent assets of P77.89 billion including property and equipment of P67.31 billion. Total liabilities are P86.35 billion, with current liabilities of P51.88 billion and noncurrent liabilities of P34.47 billion. Total equity is P17.59 billion.

Uploaded by

Alea Mae Therese Bermejo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COVER SHEET

for

AUDITED FINANCIAL STATEMENTS

SEC Registered Number

1 7 9 6 2 8

COMPANY NAME
A I R D R I V I N G P H
I N C O R P O R A T I O N

PRINCIPAL OFFICE (No./Street/Barangay/City/Town/Province


B E L - A I R V I L L A G E
M A K A T I C I T Y
Air Driving Corporation and Subsidiaries
Consolidated Statements of Financial Position

December 31
Note 2020
ASSET

Current Asset
Cash and Cash Equivalents 7 P24,431,551,305
Receivables 9 657,265,140
Expendable parts, fuel, material and supplies 10 205,109,682
Other current assets 11 756,658,273
Total Current Asset P26,050,584,400

Noncurrent Assets
Property and Equipment 12 P67,313,111,000
Right-of-use asset 30 875,479,000
Investment of joint venture and associate 13 1,231,780,000
Goodwill 14 447,646,000
Deferred tax asset 25 1,844,547,000
Other non-current assets 15 6,177,451,000
Total Noncurrent Asset P77,890,014,000

TOTAL ASSETS P103,940,598,400


LIABILITIES AND EQUITY

Current Liabilities
Accounts Payable 16 P11,196,247,000
Unearned transportation revenue 17 8,540,326,000
Current portion of long-term debt 18 5,720,397,000
Current lease liability 30 6,000,000,000
Current portion of financial liabilities at FVOCI 8 5,000,000,000
Current portion of financial liabilities through PL 8 3,687,328,000
Income Tax Payable 11,733,662,000
Total Current Liabilities P51,877,960,000

Noncurrent Liabilities
Financial Liabilities at FVOCI net of 8 P13,000,000,000
Current portion
Long - term debt – net of current portion 18 7,510,841,000
Lease liability term liability of current portion 30 6,331,514,000
Retirement Liability 24 5,381,678,000
Other non-current liabilities 10 2,244,366,000
Total Noncurrent Liabilities P34,468,399,000
Total Liabilities P86,346,359,000

Equity
Common Stock 20 P1,340,000,000
Capital paid in excess of par value 20 1,926,779,400
Treasury stock 20 (12,919,850)
Other comprehensive income (losses) 24 (1,000,000)
Retained earnings 20 14,341,379,850
Total Equity P17,594,239,400
TOTAL LIABILITIES AND EQUITY P103,940,598,400

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