Financial Performance

PARTICULARS 2013 2014 INCREASE/(DECREASE) PERCENTAGE INCREASE/ (DECREASE)
Total Revenues 1,476,575,139.00 1,586,276,739.00 109,701,600.00 7.43%
Purchased Power 1,285,879,383.00 1,384,076,150.00 98,196,767.00 7.64%
Non-Power Costs 199,817,941.00 210,782,655.00 10,964,714.00 5.49%
Depreciation Charges 16,907,395.00 23,470,021.00 6,562,626.00 38.82%
Other Income 45,459,254.00 40,303,432.00 (5,155,822.00) -11.34%
Financing Cost 48,127.00 1,667,096.00** 1,618,969.00 3363.95%
Prior Period Adjustment on Retirement Benefit Cost 9,742,179.00 (9,742,179.00) -100.00%
Net Income (Loss) for the Year 9,639,368.00 8,251,345.00 (1,388,023.00) -14.40%
Total Utility Plant (Net Book Value) 432,897,350.00 516,224,363.00 83,327,013.00 19.25%
Receivables - Net 226,750,971.00 216,681,232.00 (10,069,739.00) -4.44%
Collection Efficiency 99% 97% (0.02) -2.02%
Sales in Kwh (including Energy Recovered) 178,254,183.00 191,598,064.00 13,343,881.00 7.49%
Distribution Systems Loss 9.90% 9.55% (0.00) -3.54%
Transmission Loss 0.61% 0.96% 0.00 57.38%


**The financing cost for 2014 is shown as part of charges to the Reinvestment Fund under the Equity Section of the Statement of Changes in Financial Position.
A member-customer-owner focused electric cooperative providing efficient, quality and reliable service consistent with mandated standards.
An internationally-certified electric cooperative admired for its exemplary performance, modern technology and poverty alleviating social programs by 2024.
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Palawan Electric Cooperative | North National Highway, Bgy Tiniguiban, Puerto Princesa City | Copyright©2018