TABLE E.8
INCOME STATEMENTS OF SELECTED GOVERNMENT CORPORATIONS, FY 2003 (Continuation)
(In Thousand Pesos)

PARTICULARS		GROSS REVENUES			EXPENSES					NET PROFIT (LOSS) (Before Tax)	INCOME TAX	NET PROFIT (LOSS) (After Tax)	SUBSIDIES
PARTICULARS		Operating Revenue	Non-Operating Revenue	Total	Personal Services	Maintenance and Other Operating Expenses		Others	Total	NET PROFIT (LOSS) (Before Tax)	INCOME TAX	NET PROFIT (LOSS) (After Tax)	Subsidies from NG	Rest of Subsidies	NET PROFIT AND SUBSIDIES

DEPARTMENT OF AGRICULTURE		16,285,283	1,298,313	17,583,596	4,323,554	4,434,423	#	22,126,677	30,884,654	(13,301,058)	-	(13,301,058)	1,350,190	288	(11,950,580)


1.	National Dairy Authority	-	21,160	21,160	50,272	24,088		3,500	77,860	(56,700)	-	(56,700)	58,000	-	1,300
2.	National Irrigation Administration	1,166,000	696,000	1,862,000	1,233,052	456,868		382,000	2,071,920	(209,920)	-	(209,920)	-	-	(209,920)
3.	National Food Authority	13,578,829	331,439	13,910,268	1,823,347	3,301,622		21,291,765	26,416,734	(12,506,466)	-	(12,506,466)	902,000	-	(11,604,466)
4.	National Tobacco Administration	46,507	7,627	54,134	174,098	76,000		-	250,098	(195,964)	-	(195,964)	90,000	-	(105,964)
5.	Philippine Coconut Authority	140,000	55,000	195,000	313,660	136,410		15,000	465,070	(270,070)	-	(270,070)	211,330	-	(58,740)
6.	Philippine Crop Insurance Corporation	348,907	59,663	408,570	87,196	61,365		258,607	407,168	1,402	-	1,402	-	-	1,402
7.	Philippine Fisheries Development Authority	415,590	10,524	426,114	204,259	204,939		15,353	424,551	1,563	-	1,563	38,860	288	40,711
8.	Quedan & Rural Credit Guarantee Corp.	430,950	95,400	526,350	232,670	88,131		155,952	476,753	49,597	-	49,597	-	-	49,597
9.	Sugar Regulatory Administration	158,500	21,500	180,000	205,000	85,000		4,500	294,500	(114,500)	-	(114,500)	50,000	-	(64,500)

DEPARTMENT OF ENERGY		129,401,393	9,132,053	138,533,446	3,786,086	6,769,530	#	166,683,861	177,239,477	(38,706,031)	-	(38,706,031)	1,000,000	-	(37,706,031)


10.	National Electrification Administration	959,949	56,555	1,016,504	468,745	924,090		1,149,551	2,542,386	(1,525,882)		(1,525,882)	1,000,000		(525,882)
11.	National Power Corporation	127,785,666	9,075,498	136,861,164	3,265,588	5,513,659		165,534,310	174,313,557	(37,452,393)	-	(37,452,393)	-	-	(37,452,393)
12.	Philippine National Oil Company	655,778	-	655,778	51,753	331,781	a/	-	383,534	272,244	-	272,244	-	-	272,244

DEPARTMENT OF ENVIRONMENT AND
	NATURAL RESOURCES	122,452	22,022	144,474	51,128	93,675	#	-	144,803	(329)	-	(329)	-	21,987	21,658


13.	Laguna Lake Development Authority	122,452	22,022	144,474	51,128	93,675		-	144,803	(329)	-	(329)	-	21,987	21,658

DEPARTMENT OF FINANCE		424,021	7,023	431,044	125,216	92,153	#	60,402	277,771	153,273	17,499	135,774	-	-	135,774


14.	Trade & Investment Development Corporation	424,021	7,023	431,044	125,216	92,153		60,402	277,771	153,273	17,499	135,774	-	-	135,774

DEPARTMENT OF HEALTH		1,949,108	123,009	2,072,117	1,032,630	1,606,893	#	234,734	2,874,257	(802,140)	-	(802,140)	834,000	-	31,860


15.	Lung Center of the Philippines	159,675	23,905	183,580	162,474	130,106		54,000	346,580	(163,000)	-	(163,000)	205,000	-	42,000
16.	National Kidney and Transplant Institute	728,200	22,000	750,200	247,000	510,700		173,034	930,734	(180,534)	-	(180,534)	184,000	-	3,466
17.	Philippine Children's Medical Center	128,729	25,271	154,000	223,439	150,241			373,680	(219,680)	-	(219,680)	211,000	-	(8,680)
18.	Philippine Heart Center	919,404	51,473	970,877	370,346	795,556		7,700	1,173,602	(202,725)	-	(202,725)	154,000	-	(48,725)
19.	Phil. Institute of Traditional and
	Alternative Health Care	13,100	360	13,460	29,371	20,290			49,661	(36,201)	-	(36,201)	80,000	-	43,799

DEPT. OF NATIONAL DEFENSE		91,833	8,027	99,860	50,887	40,484	#	7,676	99,047	813	-	813	-	-	813

						-
20.	PHIVIDEC Industrial Authority	91,833	8,027	99,860	50,887	40,484		7,676	99,047	813		813	-		813

DEPT. OF PUBLIC WORKS & HIGHWAYS		-	-	-	-	-	#	-	-	-	-	-	-	-	-


21.	Local Water Utilities Administration b/			-					-	-		-	-		-

DEPARTMENT OF TOURISM		4,500	424,222	428,722	44,589	446,213	#	9,000	499,802	(71,080)	-	(71,080)	72,000	-	920


22.	Philippine Convention & Visitors Corporation	4,500	424,222	428,722	44,589	446,213		9,000	499,802	(71,080)	-	(71,080)	72,000	-	920

DEPARTMENT OF TRADE AND INDUSTRY		2,650,225	12,400	2,662,625	92,627	231,381	#	2,445,517	2,769,525	(106,900)	-	(106,900)	103,000	-	(3,900)


23.	Center for Int'l. Trade Expositions & Missions	78,095	4,000	82,095	36,263	133,832		7,576	177,671	(95,576)	-	(95,576)	90,000	-	(5,576)
24.	Cottage Industry Technology Center	5,650	450	6,100	11,205	7,000		200	18,405	(12,305)	-	(12,305)	13,000	-	695
25.	Phil. International Trading Corporation	2,566,480	7,950	2,574,430	45,159	90,549		2,437,741	2,573,449	981	-	981	-	-	981

DEPT. OF TRANS. & COMMUNICATIONS		9,910,165	2,288,286	12,198,451	4,445,561	2,340,460	#	6,945,096	13,731,117	(1,532,666)	-	(1,532,666)	150,000	-	(1,382,666)


26.	Light Rail Transit Authority	1,718,606	71,566	1,790,172	273,750	630,264		2,957,240	3,861,254	(2,071,082)	-	(2,071,082)	-	-	(2,071,082)
27.	Philippine National Railways	132,849	165,955	298,804	335,227	112,492		812,139	1,259,858	(961,054)	-	(961,054)	150,000	-	(811,054)
28.	Philippine Ports Authority	5,327,740	665,170	5,992,910	1,049,090	646,850		2,877,490	4,573,430	1,419,480	-	1,419,480	-	-	1,419,480
29.	Philippine Postal Corporation	2,730,970	1,385,595	4,116,565	2,787,494	950,854		298,227	4,036,575	79,990	-	79,990	-	-	79,990


NATIONAL ECO. DEVELOPMENT AUTHORITY		120	17,261	17,381	30,250	22,362	#	2,886	55,498	(38,117)	-	(38,117)	27,000	661	(10,456)


30.	Philippine Institute for Development Studies	120	17,261	17,381	30,250	22,362		2,886	55,498	(38,117)	-	(38,117)	27,000	661	(10,456)

OTHER EXECUTIVE OFFICES		22,167,487	1,495,673	23,663,160	3,674,410	3,480,126	#	14,290,698	21,445,234	2,217,926	702,211	1,515,715	818,000	3,350	2,337,065


31.	Bases Conversion Development Authority	95,000	349,000	444,000	101,000	341,000		224,000	666,000	(222,000)	-	(222,000)	-	-	(222,000)
32.	Cagayan Economic Zone Authority	6,827	-	6,827	17,070	28,624		8,824	54,518	(47,691)	-	(47,691)	40,000	-	(7,691)
33.	Cultural Center of the Philippines	75,460	5,500	80,960	101,477	190,500		-	291,977	(211,017)	-	(211,017)	130,000	3,350	(77,667)
34.	Development Bank of the Philippines	13,999,000	770,000	14,769,000	2,432,000	1,710,000		8,465,000	12,607,000	2,162,000	155,000	2,007,000	-	-	2,007,000
35.	Home Guaranty Corporation	677,031	283,268	960,299	318,940	156,031		713,730	1,188,701	(228,402)	-	(228,402)	-	-	(228,402)
36.	National Home Mortgage Finance Corporation	4,467,587	-	4,467,587	248,778	348,147		4,368,431	4,965,356	(497,769)	-	(497,769)	-	-	(497,769)
37.	National Housing Authority b/	-	-	-	-	-		-	-	-	-	-	-	-	-
38.	Philippine Center for Economic Development	8,856	-	8,856	1,300	6,600		480	8,380	476	-	476	-	-	476
39.	Philippine Rice Research Institute	14,634	12,000	26,634	91,407	370,227		-	461,634	(435,000)	-	(435,000)	435,000	-	-
40.	Public Estates Authority	2,774,747	34,702	2,809,449	293,260	304,408		467,046	1,064,714	1,744,735	547,211	1,197,524	-	-	1,197,524
41.	Southern Philippines Development Authority	46,345	31,303	77,648	44,503	19,264		43,187	106,954	(29,306)	-	(29,306)	183,000	-	153,694
42.	Zamboanga City Special Economic Zone
	Authority	2,000	9,900	11,900	24,675	5,325		-	30,000	(18,100)	-	(18,100)	30,000	-	11,900


GRAND TOTAL		183,006,587	14,828,289	197,834,876	17,656,938	19,557,700	#	212,806,547	250,021,185	(52,186,309)	719,710	(52,906,019)	4,354,190	26,286	(48,525,543)



Notes:
a/	PNOC-Net of subsidiaries share in interest expense & commitment fees.
b/	No submission