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ABRECO released current financial standing

These figures apprently released by ABRECO to one of the Sangguniag Panlalawigan of Abra. This according so several facebook groups. If the figures are accurate, it seems that Abra will not suffer another power cut-off on Dec. 24. This is of course a good thing. Take note of the Loan of P4.98 Million. It has been reported that this loan was actually from Cong. Joy Bernos and not from any private individual.

Still the burning questions of Abrenian, will there be any restructuring and/or reorganization of ABRECO or will the status quo ramains?

ABRA ELECTRIC COOPERATIVE
Calaba, Bangued, Abra

PROJECTED CASH FLOW STATEMENT
For the Period Covering December 1-24, 2012

Funds Provided By :

Cash, balance beginning Dec. 1 PhP 27,297.20
Collections from power bills 22,618,025.66
Petty Cash Fund 22,000.00
Other Operating Income 100,000.00
Non-Operating Income 300,000.00
Loan 4,980,000.00
________________

Total Funds Available 28,047,322.86
________________

Uses of Funds :

Power Bill Aboitiz PhP 10,000,000.00
ISECO 112,269.49
PSAM 1,000,000.00
NGCP 3,250,000.00 14,362,269.49
——————–
Salaries and Wages 2,472,500.00
Sickness Benefits 144,655.00
Employees 13th Month Pay 5,028,842.25
SSS Premiums 477,536.00
Retirement Benefit (viste, Lomerico) 166,666.66
BOD Per Diem 54,000.00
Travelling Expenses 668,828.94
Office Supplies Expenses 397,650.92
Other Supplies & Materials 872,762.20
Gasoline Expenses 445,420.01
Office Rentals – Sub-Office 2,000.00
Hotel Accommodations 123,415.60
Water, Meals, Snacks 210,203.35
Incentive – BAPA 63,363.80
Repair & Maintenance 495,625.90
Professional Services 64,750.00
Advertising Expenses 25,000.00
Operational Allowances 3,000.00
Interest Expenses (Banks, Private Individual) 160,485.50
Miscellaneous Expenses 25,825.20
___________________

TOTAL USES OF FUNDS 26,264,800.82

Cash Balance end, Dec. 24 1,782,522.04

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About SysOp

Chief Architect of abrenian.com

Discussion

33 thoughts on “ABRECO released current financial standing

  1. ktaen u?travelling allowance ken hotel anya la unay t papapanan dagitoy bod ken gm datayo kwarta tayo gasgastwenda.dagita merienda da,mamati kayo kasta magasgasto da?naglaingda ken gumaston?sss ket d u met iremremit.d u amo talaga imanage ti abrecon,agbibisin kayo ngamin gm ken bod,inuuna ang sarili bago ang abreco. now we know nga cong joy nagloanan u.tata mano ti interest na dayta loan alangan nga awan interest na ket karuprupa da t kwarta dagita,datayo manen t agbyad interest nan.bka pundo metla cong gnamit na.agloan danto manen a nu 24 ken cong joy awan to ibayadan ken dumakel to interestnan,bagin to joy abrecon.ibidbida ton cong joy nu eleksyon pinangpautangna abrecon a.

    Posted by dr koting crisologo | December 18, 2012, 2:49 pm
  2. Ironically congw. Jocelyn bernos is the vice chair of cooperatives in the lower house bakit di nya pinaimbestigahan ang abreco?next where did she get the 4.9m? Then i dont believe this financial statement, mangala ka laeng audit report dida pay mangted!

    Posted by Alligator | December 18, 2012, 3:11 pm
  3. sked a general assembly and present this statement to the members. apay mangited da statement da SP awan ipakita da members? be human enough to tell the truth haan nga puro script iti ibagbabaga yo. situation dictates the right of the members to know the real situation. apay nga kastoyen mapaspasamak. no adda nagtakaw kasapulan madusa. haan kuma nga puro cover-up mapasamak. haanen ang-angaw daytoy. nakaron nga panangerurumen kaniami nga members mapaspasamak. aminen nga linoloko ket sikami nga awan ammona mangikarkaro. padak nga memiembro apay awan talagan panagmaymaysa tayo tapno agsardingen daytoy sinairo nga aramid???

    Posted by manna.lon | December 18, 2012, 5:01 pm
  4. Nagpautang ni Mam, sapay koma ta naimpusuan nga tulong without expecting any kind of return/s nor to be still paid or not agsipud ta kasla tulong yo laengen kadagiti constituents ninyo, saan nga tulong kadagiti mababain itan nga taga Abreco. I expect some big politicians will follow ignoring whatever ensuing comments from our big mouths, but just follow their conscience during this trying time for the sake of their constituents who are always the victim of unwanted circumstances. I call it noble sacrifice and let history decides who among you now the real human being christian….not a real politician.

    Posted by hopeless abrenian | December 18, 2012, 5:18 pm
  5. Questions to Ponder:
    1. Why is so much money allotted by the Abreco to Traveling Expenses (PhP668,828.94) and Hotel Accommodations (PhP123,415.60)… It seems to me that you, GM & BOD, are enjoying d happy life while we, your consumers/members, continue to suffer in silence by reason of your misplaced whims and caprices. And why travel so much when there are so many pressing issues that need to be addressed here at Abreco, Bangued, Abra, and why spend on luxurious hotels when we have good hotels too in Bangued? Sungbatan yo man nga maseknan!
    2. You, GM & BOD, using d Abreco as borrower, obtained a Loan from d Congresswoman in d whopping amount of PhP4,980,000.00, whose terms and conditions of payment you did not even disclose! Is this a personal loan from d Congresswoman, payable with interests, which loaned amount will be burdened to/shouldered by us, unsuspecting member/consumers, in d form of additional impositions in our monthly electric bills? Or is it a settlement courtesy of Cong. from her PDAF/pork barrel, payable with our votes comes election time…Just asking!
    3. And Miscellaneous Expenses in the amount of PhP25,825.20…why put it there, when it’s not even miscellaneous/necessary! In d first place, how could you explain to us, consumers/members, what these expenses are…Sige man lakay!

    Posted by RIMAT TI ABRA | December 18, 2012, 9:01 pm
  6. I wonder why??

    Posted by musilat mulagat | December 19, 2012, 12:55 am
  7. kaya pala nagkawatakwatak mga seares pmunta kina cong mas marami pera at dun cla magpapasalo sa utang ng abreco.awan a manen ngem nu maikat met gm ken bod a ket agkudkod meten a cong lalo handa kadwa sumukat

    Posted by pd | December 19, 2012, 3:25 am
  8. the people need a financial statement duly certified by an external auditor from a respected audit firm…..plus the attachment of abrecos’ bank statement……figures will show to the member-consumers how abreco was been manage for the last few years….

    Posted by palileng | December 19, 2012, 5:56 am
  9. apay sir/madam kasla kurang jay itemize representation ti cash flow statement u ah…..apay nga awan dagitay sanga reprep nga cash advances? maam dyphna seares (administrative supervisor of abreco) naglawa jay pinabakudam nga residential lot u jay zone 4 ken nagado ken puro brandnew pay t lugan u maam. kumusta met ni sir vice mayor allan seares maam? nagpipintas ken nagado jay pangpractical shooting na……..sapay koma sir ken maam ta naragsak ti paskua u

    Posted by palileng | December 19, 2012, 6:39 am
  10. 4 days to go Merry Brown out na naman…..ang aking lampara ….like a boomb..!!!!!!

    Posted by Larry Abunda Fantasya | December 19, 2012, 8:23 am
  11. Ay Grabe..ang ninakaw pina-utang pa sa pinang-galingan na ABRECO..hay Happy nakawan latta….

    Posted by ayy Bakla inutil | December 19, 2012, 9:34 am
  12. ejay ngata share capital nga siningir dan,..naikalkag payen,..awan la nga pulos…adda met ketdi karma ah…ngem kaanu ngata sa sangpetan isuda iti dusa? bareng gibus dan ton ton Dec 21:))

    Posted by celong | December 19, 2012, 12:42 pm
  13. Ayy umayak man met mikisagpaw…mano metla tay sueldo ni Congresswoman nen…asinno ita ti agibbet ti 5 million kadarasen ken kasatnom nga ornongen daytoy uray pay sueldo ti presidente ti pilipinas saan mo met a nga maurnong daytoy ken ipabolod a daras ..inlikaw da la ti kuarta apo ti ababa nga panakaysaritana husto ni ayy bakla inutil…anya ti makonam paltat…

    Posted by Borikaw | December 19, 2012, 3:39 pm
  14. Inlikaw ken saan uray ania man ditan, ti importante ket adda puso ken rikna da pay laeng nga mangted ti koryente nga pangpritok ti kinoryentek nga paltat.

    Posted by paltat | December 19, 2012, 4:43 pm
  15. ayy nay-extention kan toy panang poted da toy koryente into kano no Decembre 27…ay adda Merry Christmas tayo ayyy…kayat na nga sawen Happy Brownout Year ngaruden

    Posted by langiden | December 20, 2012, 9:56 am
  16. This is absurd! How on earth would they incur travelling expenses of 668,000 and hotel accommodations of 123,000 between Dec 1-24?

    PROJECTED CASH FLOW STATEMENT
    For the Period Covering December 1-24, 2012

    Posted by Lola Shanang | December 20, 2012, 10:43 am
  17. apay nga adda pay laeng 13th month pay yo? No offense ti taga Abreco but you show a poor performence,..lalo dagijay inserrek iti politicians,..agFB ubraen da kada tsismis laeng jay uneg:))

    Salaries and Wages 2,472,500.00—-apay no next year yo agsueldon ta adda nayon pangbayad jay APRI
    Sickness Benefits 144,655.00—
    Employees 13th Month Pay 5,028,842.25—–pang abono APRI
    SSS Premiums 477,536.00
    Retirement Benefit (viste, Lomerico) 166,666.66
    BOD Per Diem 54,000.00—–kissayan sweldo BOD..kasla sweldo kuma kagawad wenno tanod.
    Travelling Expenses 668,828.94—????????????
    Office Supplies Expenses 397,650.92
    Other Supplies & Materials 872,762.20——???????
    Gasoline Expenses 445,420.01——???????????$$!^%$!&^!*
    Office Rentals – Sub-Office 2,000.00
    Hotel Accommodations 123,415.60—-check in dagijay agkakabit dita ABRECO?
    Water, Meals, Snacks 210,203.35—–meryenda laeng?
    Incentive – BAPA 63,363.80
    Repair & Maintenance 495,625.90
    Professional Services 64,750.00
    Advertising Expenses 25,000.00
    Operational Allowances 3,000.00
    Interest Expenses (Banks, Private Individual) 160,485.50
    Miscellaneous Expenses 25,825.20

    Posted by loreto | December 20, 2012, 11:21 am
  18. oray agan anon ti arbrecon nga otang nga otang no di masukatan ti management (general manager) ken daguitay agal lalangit t swelsweldo da ken daguitay panag trab trabel da nga ribo-ribo oray no saan nga importante ti pampananda

    Posted by gemini | December 20, 2012, 7:44 pm
  19. No madi yo sukatan deta gm kada bod ,awan met lng mamaay na dagita petition tayo.agtuloy latta ragsak ken takaw da ken kanayun agpoted poted supply koryente.

    Ada singasing ko apo taga aboitiz tapno makabayad daras ti abreco.apay nga diyo padasen nga supply yan koryente ti abreco kas koma top load, top up wenno pay as you go kalla cellphone ta kitaek man no dida agporsigi nga agbayad daguitoy mulsheeet..

    Posted by jestoni | December 20, 2012, 9:44 pm
  20. Apay nga adda 13 month pay da? Madida mabain nga mang bonus ti bagbagida dagitoy? Wenno talaga laeng nga nabengbeng ti panaglallalat dagitoy anak ti alimatek na kadagitoy?

    Posted by Kaasian na kam apo | December 21, 2012, 2:58 am
  21. Ti nakakatkatawa nga parte giem ket agpabonus da ket agtungtunglaben ta coop. Bonusam ket awan lang ngaruden.. Neng nenh dagitoy mgt met…

    Posted by Kaasian na kam apo | December 21, 2012, 3:02 am
  22. Office Supplies Expenses 397,650.92
    Other Supplies & Materials 872,762.20

    APAY CNO MET AYA KADI T PURCHASER DA DTA ABRECO KADAGITOY?

    Posted by palileng | December 22, 2012, 4:03 am
  23. sigun iti daytoy nga financial statement ket kaya met gayam abreco bayadan gastos binulan adda pay sobra na ket apay ngay nga nagkautang tayo APRI??? napanan na dagita nga pirak apo???

    kadakayo nga BODs opisyales paki post man langen napanan nan share capital members? sapay kuma ta haan pay naichristmas / new year shopping!!!???….

    Posted by manna.lon | January 2, 2013, 6:26 am

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