TABLE E.7
INCOME STATEMENTS OF SELECTED GOVERNMENT CORPORATIONS, FY 2002 (Continuation)
(In Thousand Pesos)
PARTICULARS		GROSS REVENUES			EXPENSES					NET PROFIT (LOSS) (Before Tax)	INCOME TAX	NET PROFIT (LOSS) (After Tax)	SUBSIDIES
		Operating Revenue	Non-Operating Revenue	Total	Personal Services	Maintenance and Other Operating Expenses		Others	Total				Subsidies from NG		Rest of Subsidies	NET PROFIT AND SUBSIDIES
DEPARTMENT OF AGRARIAN REFORM		11,416,000	9,834,000	21,250,000	4,076,000	4,608,990		10,638,010	19,323,000	1,927,000	277,000	1,650,000	-		-	1,650,000
1.	Land Bank of the Philippines	11,416,000	9,834,000	21,250,000	4,076,000	4,608,990		10,638,010	19,323,000	1,927,000	277,000	1,650,000	-		-	1,650,000
DEPARTMENT OF AGRICULTURE		20,765,793	1,291,451	22,057,244	4,430,030	4,657,879		23,411,964	32,499,873	(10,442,629)	-	(10,442,629)	1,565,361		127,949	(8,749,319)
2.	National Dairy Authority	-	4,000	4,000	46,569	32,431		2,946	81,946	(77,946)	-	(77,946)	58,000		-	(19,946)
3.	National Food Authority	18,313,266	347,304	18,660,570	1,820,881	3,462,828		22,710,344	27,994,053	(9,333,483)	-	(9,333,483)	902,000		-	(8,431,483)
4.	National Irrigation Administration	1,164,757	691,505	1,856,262	1,297,623	452,183		379,000	2,128,806	(272,544)	-	(272,544)	-		-	(272,544)
5.	National Tobacco Administration	18,825	7,000	25,825	185,000	96,268		9,315	290,583	(264,758)	-	(264,758)	100,000		127,661	(37,097)
6.	Philippine Coconut Authority	205,000	40,000	245,000	360,779	148,377		15,100	524,256	(279,256)	-	(279,256)	251,334		-	(27,922)
7.	Philippine Crop Insurance Corporation	310,747	52,429	363,176	81,633	51,491		230,047	363,171	5	-	5	-		-	5
8.	Philippine Fisheries Development Authority	392,475	13,853	406,328	202,391	204,747		15,336	422,474	(16,146)	-	(16,146)	46,249		288	30,391
9.	Philippine Rice Research Institute	12,500	28,810	41,310	85,780	63,757		-	149,537	(108,227)	-	(108,227)	117,778		-	9,551
10.	Quedan & Rural Credit Guarantee Corporation	193,723	71,050	264,773	121,374	73,797		45,376	240,547	24,226	-	24,226	-		-	24,226
11.	Sugar Regulatory Administration	154,500	35,500	190,000	228,000	72,000		4,500	304,500	(114,500)	-	(114,500)	90,000		-	(24,500)
													-		-
DEPARTMENT OF ENERGY		119,900,573	22,582,536	142,483,109	5,410,030	6,353,144		172,113,943	183,877,117	(41,394,008)	-	(41,394,008)	880,220		-	(40,513,788)
12.	National Electrification Administration	881,508	18,000	899,508	221,914	115,940		2,277,534	2,615,388	(1,715,880)	-	(1,715,880)	880,220		-	(835,660)
13.	National Power Corporation	117,869,514	22,559,355	140,428,869	5,140,577	5,885,045		169,836,409	180,862,031	(40,433,162)	-	(40,433,162)	-		-	(40,433,162)
14.	Philippine National Oil Company	1,149,551	5,181	1,154,732	47,539	352,159	a/	-	399,698	755,034	-	755,034	-		-	755,034
DEPARTMENT OF ENVIRONMENT AND
	NATURAL  RESOURCES	105,985	20,472	126,457	48,121	90,938		-	139,059	(12,602)	-	(12,602)	-		18,820	6,218
15.	Laguna Lake Development Authority	105,985	20,472	126,457	48,121	90,938		-	139,059	(12,602)	-	(12,602)	-		18,820	6,218
DEPARTMENT OF FINANCE		4,687,581	4,717,143	9,404,724	820,802	309,607		6,166,739	7,297,148	2,107,576	31,774	2,075,802	-		-	2,075,802
16.	Philippine Deposit Insurance Corporation	4,362,660	4,716,677	9,079,337	731,335	220,344		6,127,593	7,079,272	2,000,065	-	2,000,065	-		-	2,000,065
17.	Trade & Investment Development Corporation	324,921	466	325,387	89,467	89,263		39,146	217,876	107,511	31,774	75,737	-		-	75,737
DEPARTMENT OF HEALTH		13,782,631	3,191,495	16,974,126	1,686,918	2,332,891		9,799,614	13,819,423	3,154,703	-	3,154,703	1,350,000		422,315	4,927,018
18.	Lung Center of the Philippines	129,111	21,304	150,415	151,670	110,310		18,000	279,980	(129,565)	-	(129,565)	205,000		-	75,435
19.	National Kidney and Transplant Institute	719,365	21,500	740,865	247,000	432,600		155,034	834,634	(93,769)	-	(93,769)	184,000		-	90,231
20.	Philippine Children's Medical Center	120,535	24,465	145,000	219,059	148,941		-	368,000	(223,000)	-	(223,000)	211,000		-	(12,000)
21.	Philippine Health Insurance Corporation	11,912,094	3,072,453	14,984,547	653,604	882,991		9,619,580	11,156,175	3,828,372	-	3,828,372	500,000		422,315	4,750,687
22.	Philippine Heart Center	892,626	51,473	944,099	370,346	727,588		7,000	1,104,934	(160,835)	-	(160,835)	154,000		-	(6,835)
23.	Phil. Institute of Traditional and  Alternative
	Health Care	8,900	300	9,200	45,239	30,461		-	75,700	(66,500)	-	(66,500)	96,000		-	29,500
DEPARTMENT OF LABOR & EMPLOYMENT		171,502	5,795	177,297	57,234	81,213		27,589	166,036	11,261	-	11,261	-		-	11,261
24.	Employee's Compensation Commission	94,275	2,295	96,570	26,705	46,438		18,425	91,568	5,002	-	5,002	-		-	5,002
25.	Occupational Safety & Health Center	77,227	3,500	80,727	30,529	34,775		9,164	74,468	6,259	-	6,259	-		-	6,259
DEPT. OF NATIONAL DEFENSE		84,976	12,502	97,478	48,968	243,924		7,736	96,958	520	-	520			-	520
26.	PHIVIDEC Industrial Authority	84,976	12,502	97,478	48,968	40,254		7,736	96,958	520	-	520	-		-	520
DEPT. OF PUBLIC WORKS & HIGHWAYS		8,822,166	433,880	9,256,046	636,985	233,010		3,664,514	4,534,509	4,721,537	49,971	4,671,566	-		566,274	5,237,840
27.	Local Water Utilities Administration	1,276,009	171,983	1,447,992	465,726	91,141		704,790	1,261,657	186,335	49,971	136,364	-		566,274	702,638
28.	Metropolitan Waterworks & Sew. Sys.-Regulatory	136,740	21,290	158,030	45,347	82,504		2,219	130,070	27,960	-	27,960	-		-	27,960
	Metropolitan Waterworks & Sew. Sys.-Residual	7,409,417	240,607	7,650,024	125,912	59,365		2,957,505	3,142,782	4,507,242	-	4,507,242	-		-	4,507,242
DEPARTMENT OF TOURISM		751,206	340,868	1,092,074	367,164	684,000		80,071	1,131,235	(39,161)	-	(39,161)	87,000		13,118	60,957
29.	Nayong Pilipino Foundation	19,191	400	19,591	22,680	24,171		11,908	58,759	(39,168)	-	(39,168)	15,000		13,118	(11,050)
30.	Philippine Convention & Visitors Corporation	3,000	253,607	256,607	39,441	284,166		4,500	328,107	(71,500)	-	(71,500)	72,000		-	500
31.	Philippine Tourism Authority	729,015	86,861	815,876	305,043	375,663		63,663	744,369	71,507	-	71,507	-		-	71,507
DEPARTMENT OF TRADE AND INDUSTRY		132,385,055	189,270	132,574,325	42,978,456	94,403,862		2,544,952	139,927,270	(7,352,945)	113,445	(7,466,390)	90,000	#	-	(7,376,390)
32.	Center for Int'l. Trade Expositions & Missions	63,445	9,100	72,545	34,802	137,546		7,176	179,524	(106,979)	-	(106,979)	90,000		-	(16,979)
33.	Cottage Industry Technology Center	6,034	750	6,784	14,827	9,857		-	24,684	(17,900)	-	(17,900)	-		-	(17,900)
34.	Philippine Economic Zone Authority	4,887,579	97,283	4,984,862	291,547	3,725,368		581,729	4,598,644	386,218	92,459	293,759	-		-	293,759
35.	Phil. International Trading Corporation	127,154,000	7,950	127,161,950	42,576,000	90,420,000		1,920,000	134,916,000	(7,754,050)	-	(7,754,050)	-		-	(7,754,050)
36.	Philippine Retirement Authority	126,937	7,447	134,384	17,200	77,501		-	94,701	39,683	10,316	29,367	-		-	29,367
37.	Small Business Guarantee & Finance Corp.	147,060	66,740	213,800	44,080	33,590		36,047	113,717	100,083	10,670	89,413	-		-	89,413
DEPT. OF TRANS. & COMMUNICATIONS		14,055,905	1,920,881	15,976,786	5,223,311	3,919,334		8,849,312	17,991,957	(2,015,171)	50,806	(2,065,977)	250,000	#	187,040	(1,628,937)
38.	Light Rail Transit Authority	1,519,409	89,685	1,609,094	260,305	552,726		2,799,060	3,612,091	(2,002,997)	-	(2,002,997)	-		187,040	(1,815,957)
39.	Mactan-Cebu Int'l. Airport Authority	624,787	5,775	630,562	188,326	323,222		44,300	555,848	74,714	23,908	50,806	-		-	50,806
40.	Manila International Airport Authority	4,609,989	-	4,609,989	778,933	1,383,521		2,363,479	4,525,933	84,056	26,898	57,158	-		-	57,158
41.	Philippine National Railways	120,390	138,800	259,190	336,791	169,118		782,524	1,288,433	(1,029,243)	-	(1,029,243)	250,000		-	(779,243)
42.	Philippine Ports Authority	4,698,630	427,990	5,126,620	883,880	603,690		2,661,110	4,148,680	977,940	-	977,940	-		-	977,940
43.	Philippine Postal Corporation	2,482,700	1,258,631	3,741,331	2,775,076	887,057		198,839	3,860,972	(119,641)	-	(119,641)	-		-	(119,641)
NATIONAL ECO. AND DEVELOPMENT AUTHORITY		1,220	21,200	22,420	30,563	33,067		1,458	65,088	(42,668)	-	(42,668)	18,000		15,000	(9,668)
44.	Philippine Institute for Development Studies	120	17,262	17,382	29,142	26,450		1,458	57,050	(39,668)	-	(39,668)	15,000		15,000	(9,668)
45.	Philippine APEC Study Center Network	1,100	3,938	5,038	1,421	6,617		-	8,038	(3,000)	-	(3,000)	3,000		-	-
OFFICE OF THE PRESS SECRETARY		325,000	202	325,202	169,654	191,738		59,574	420,966	(95,764)	-	(95,764)			-	(75,764)
46.	People's Television Network, Inc.	325,000	202	325,202	169,654	191,738		59,574	420,966	(95,764)	-	(95,764)	20,000		-	(75,764)
OTHER EXECUTIVE OFFICES		76,860,867	27,627,177	104,488,044	8,687,890	6,939,147		40,734,648	56,361,685	48,126,359	1,688,774	46,437,585	470,000	#	900,000	47,807,585
47.	Bases Conversion Development Authority	285,000	235,000	520,000	101,000	350,000		308,000	759,000	(239,000)	-	(239,000)	-		-	(239,000)
48.	Cagayan Economic Zone Authority	1,146	5,302	6,448	17,071	22,980		6,131	46,182	(39,734)	-	(39,734)	40,000		-	266
49.	Cultural Center of the Philippines	103,600	10,000	113,600	97,500	216,000		-	313,500	(199,900)	-	(199,900)	100,000		-	(99,900)
50.	Development Bank of the Philippines	13,648,546	978,541	14,627,087	2,315,915	1,687,680		8,553,669	12,557,264	2,069,823	150,000	1,919,823	-		-	1,919,823
51.	Gov't. Service Insurance System	44,717,377	20,844,820	65,562,197	3,553,314	1,379,817		22,734,658	27,667,789	37,894,408	-	37,894,408	-		-	37,894,408
52.	Home Development Mutual Fund	8,949,226	4,395,090	13,344,316	702,678	969,303		3,893,134	5,565,115	7,779,201	1,065,476	6,713,725	-		-	6,713,725
53.	Home Guaranty Corporation	577,714	86,494	664,208	303,752	148,601		407,099	859,452	(195,244)	-	(195,244)	-		-	(195,244)
54.	National Home Mortgage Finance Corporation	4,452,110	-	4,452,110	246,970	575,821		4,218,732	5,041,523	(589,413)	-	(589,413)	300,000		900,000	610,587
55.	National Housing Authority	493,852	422,695	916,547	524,374	338,910		27,276	890,560	25,987	-	25,987	-		-	25,987
56.	Philippine Center for Economic Development	9,000	-	9,000	1,200	7,200		480	8,880	120	-	120	-		-	120
57.	Philippine Charity Sweepstakes Office	1,154,935	455,081	1,610,016	560,752	917,426		57,464	1,535,642	74,374	-	74,374	-		-	74,374
58.	Public Estates Authority	2,423,989	125,754	2,549,743	185,061	270,951		488,920	944,932	1,604,811	473,298	1,131,513	-		-	1,131,513
59.	Southern Philippines Development Authority	43,372	62,900	106,272	44,800	17,513		39,085	101,398	4,874	-	4,874	-		-	4,874
60.	Zamboanga City Special Eco. Zone Authority	1,000	5,500	6,500	33,503	36,945		-	70,448	(63,948)	-	(63,948)	30,000		-	(33,948)
GRAND TOTAL		404,116,460	72,188,872	476,305,332	74,672,126	125,082,744		278,100,124	477,651,324	(1,345,992)	2,211,770	(3,557,762)	4,710,581		2,250,516	3,423,335
Note:
a/	Net of subsidiaries' share in interest expense and commitment fees