TABLE E.8                              
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 AGRICULTURE      21,407,914     1,226,284     22,634,198      3,945,759          3,877,667      24,398,184     32,221,610 #     (9,587,412)               -        (9,587,412)   1,709,747                  -        (7,877,665)
1. National Dairy Authority           10,000             10,000            45,000                23,000                4,000             72,000            (62,000)            (62,000)         58,000              (4,000)
2. National Food Authority        19,719,220          345,018       20,064,238        1,546,763           2,870,648        23,632,887       28,050,298       (7,986,060)        (7,986,060)     1,000,000        (6,986,060)
3. National Irrigation Administration            614,200          655,000         1,269,200        1,090,592              322,670             532,000         1,945,262          (676,062)          (676,062)                -            (676,062)
4. National Tobacco Administration              80,397             5,057             85,454          185,272              116,972              16,902            319,146          (233,692)          (233,692)       100,000          (133,692)
5. Philippine Coconut Authority            175,000           40,000            215,000          360,779                82,555                8,000            451,334          (236,334)          (236,334)       231,334              (5,000)
6. Philippine Crop Insurance Corporation              76,318           42,355            118,673            79,957                74,831             138,988            293,776          (175,103)          (175,103)       113,771  a/            (61,332)
7. Philippine Fisheries Development Authority            403,315           13,013            416,328          205,043              176,596              15,616            397,255             19,073              19,073         38,864              57,937
8. Philippine Rice Research Institute              12,500           13,500             26,000            79,612                64,166                     -              143,778          (117,778)          (117,778)       117,778                    -  
9. Quedan & Rural Credit Guarantee Corporation            169,380           74,925            244,305          125,741                63,229              45,291            234,261             10,044              10,044                -                10,044
10. Sugar Regulatory Administration            157,584           27,416            185,000          227,000                83,000                4,500            314,500          (129,500)          (129,500)         50,000            (79,500)
DEPARTMENT OF ENERGY    131,615,769   20,638,135   152,253,904      5,340,121          8,053,486    176,452,561   189,846,168 #   (37,592,264)               -      (37,592,264)   1,000,000                  -      (36,592,264)
11. National Electrification Administration            941,686           37,495            979,181          221,914              447,740          2,054,010         2,723,664       (1,744,483)               -          (1,744,483)     1,000,000          (744,483)
12. National Power Corporation      130,066,229     20,600,640     150,666,869        5,070,668           5,371,600      174,398,551     184,840,819     (34,173,950)               -        (34,173,950)                -                  -        (34,173,950)
13. Philippine National Oil Company            607,854            607,854            47,539           2,234,146         2,281,685  b/       (1,673,831)               -          (1,673,831)                -                  -          (1,673,831)
DEPARTMENT OF HEALTH        1,637,269          90,650       1,727,919      1,013,065          1,269,596           206,382       2,489,043 #        (761,124)               -           (761,124)      841,000                  -               79,876
14. Lung Center of the Philippines              53,300             2,700             56,000          148,409                50,000              13,000            211,409          (155,409)          (155,409)       205,000              49,591
15. National Kidney and Transplant Institute            581,470           21,500            602,970          230,370              405,600             143,800            779,770          (176,800)          (176,800)       180,000               3,200
16. Philippine Children's Medical Center            137,934           16,066            154,000          231,803              131,032                     -              362,835          (208,835)          (208,835)       210,000               1,165
17. Philippine Heart Center            844,565           50,384            894,949          357,244              644,310              49,582         1,051,136          (156,187)          (156,187)       150,000              (6,187)
18. Philippine Institute of Traditional and                   -  
   Alternative Health Care              20,000                  -               20,000            45,239                38,654             83,893            (63,893)            (63,893)         96,000              32,107
DEPARTMENT OF NATIONAL DEFENSE             76,667          15,642            92,309           40,193               42,361               6,998            89,552 #              2,757               -                 2,757                -                    -                 2,757
19. PHIVIDEC Industrial Authority              76,667           15,642             92,309            40,193                42,361                6,998             89,552               2,757               2,757               2,757
DEPT. OF PUBLIC WORKS & HIGHWAYS        1,272,219        189,917       1,462,136         507,188             108,541           605,634       1,221,363 #          240,773       71,595           169,178      200,000        561,424           930,602
20. Local Water Utilities Administration          1,272,219          189,917         1,462,136          507,188              108,541             605,634         1,221,363           240,773        71,595            169,178       200,000       561,424            930,602
21. Metropolitan Waterworks & Sewerage System    c/                    -                      -                      -                      -                      -  
DEPARTMENT OF TOURISM             42,554        424,486          467,040           59,432             412,319                     -            471,751 #            (4,711)               -               (4,711)        87,000                  -               82,289
22. Nayong Pilipino Foundation              36,554             36,554            19,991                26,274             46,265              (9,711)              (9,711)         15,000               5,289
23. Philippine Convention & Visitors Corporation                6,000          424,486            430,486            39,441              386,045            425,486               5,000               5,000         72,000              77,000
DEPARTMENT OF TRADE AND INDUSTRY        3,587,497          18,624       3,606,121           93,924          3,610,550             11,802       3,716,276 #        (110,155)               -           (110,155)      103,000                  -               (7,155)
24. Center for Int'l. Trade Expositions & Missions              89,370             8,000             97,370            35,866              149,504                6,478            191,848            (94,478)            (94,478)         90,000              (4,478)
25. Cottage Industry Technology Center                3,000                400               3,400            17,000                 7,000             24,000            (20,600)            (20,600)         13,000              (7,600)
26. National Development Company                       c/
27. Philippine Economic Zone Authority                  c/
28. Philippine International Trading Corporation          3,495,127           10,224         3,505,351            41,058           3,454,046                5,324         3,500,428               4,923               4,923               4,923
DEPT. OF TRANS. & COMMUNICATION        6,866,017        432,732       7,298,749      1,429,216          1,238,962        5,429,414       8,097,592 #        (798,843)               -           (798,843)      150,000                  -           (648,843)
29. Light Rail Transit Authority          1,588,852          175,222         1,764,074          220,386              202,802          2,549,094         2,972,282       (1,208,208)        (1,208,208)        (1,208,208)
30. Philippine National Railways            145,895          126,390            272,285          305,310              106,540             859,400         1,271,250          (998,965)          (998,965)       150,000          (848,965)
31. Philippine Ports Authority          5,131,270          131,120         5,262,390          903,520              929,620          2,020,920         3,854,060         1,408,330         1,408,330         1,408,330
                                 
NATIONAL ECO. DEVELOPMENT AUTHORITY                  120          17,262            17,382           28,303               25,632               1,449            55,384 #          (38,002)               -             (38,002)        30,000                  -               (8,002)
32. Philippine APEC Study Center Network             c/
33. Philippine Institute for Development Studies                   120           17,262             17,382            28,303                25,632                1,449             55,384            (38,002)               -              (38,002)         30,000                -                (8,002)
OTHER EXECUTIVE OFFICES        7,554,587        923,806       8,478,393      1,362,172          1,574,459        5,399,478       8,336,109 #          142,284     397,127         (254,843)   1,413,000        250,000        1,408,157
34. Cagayan Economic Zone Authority             5,000               5,000            15,605                24,429              13,537             53,571            (48,571)               -              (48,571)         40,000              (8,571)
35. Cultural Center of the Philippines              68,600             6,100             74,700            97,500              180,000              36,000            313,500          (238,800)          (238,800)       160,000            (78,800)
36. Home Guaranty Corporation          1,681,915          131,675         1,813,590          358,781              148,301             183,027            690,109         1,123,481       393,218            730,263            730,263
37. National Home Mortgage Finance Corporation          5,320,820           35,048         5,355,868          192,968              584,613          4,926,055         5,703,636          (347,768)          (347,768)       500,000       250,000            402,232
38. National Housing Authority            103,109          660,678            763,787          484,009              236,837              28,325            749,171             14,616              14,616       500,000            514,616
39. Philippine Center for Economic Development                8,148               8,148              1,200                 6,200                   600               8,000                  148                  148                  148
40. Public Estates Authority                                 c/                    -                      -                      -                      -                      -  
41. Southern Philippines Development Authority            105,876           39,029            144,905            43,524                17,177              99,693            160,394            (15,489)            (15,489)       183,000                -              167,511
42. Technology & Livelihood Resource Center            265,989           33,946            299,935          143,910              362,777             112,241            618,928          (318,993)          3,909          (322,902)          (322,902)
43. Zamboanga City Special Economic Zone Authority                   130           12,330             12,460            24,675
               14,125
              38,800              (26,340)              (26,340)         30,000                   3,660
GRAND TOTAL    174,060,613   23,977,538   198,038,151    13,819,373        20,213,573    212,511,902   246,544,848 #   (48,506,697)     468,722    (48,975,419)   5,533,747        811,424    (42,630,248)
                                 
NOTES:
a/ PCIC- Included under DA budget
b/ PNOC - Total expenditures includes share of subsidiaries in Interest Expense and Commitment Fees of P1,917,813
c/ No Submission