REGION V
Financial Profile as of December 31, 2017
With Comparative Figures as of December 31, 2016
(In Thousand)
TISELCO TOTAL
2017 2016 Inc. / (Dec.) 2017 2016 Inc. / (Dec.)
Dec Dec Amount Percent Dec Dec Amount Percent
STATEMENT OF OPERATIONS
Gross Operating Revenue 87730 77341 10389 13 11921921 11182518 739403 7
Less: RFSC 4555 3882 673 17 437506 410982 26524 6
Universal Charge 2533 2176 357 16 631952 528146 103806 20
Value Added Tax 582755 427925 154830 36
Franchise Tax 0 0 0
Net Operating Revenue 80642 71283 9359 13 10269708 9815465 454243 5
Add: Other Revenue 1323 -6545 7868 -120 412870 417835 -4965 -1
Total 81965 64738 17227 27 10682578 10233299.6 449278 4
Power Cost 48690 43210 5480 13 8817363 8458722 358641 4
% 59 67 -8 83 83 0
Non-Power Cost 17604 14666 2938 20 1522820 2078962 -556142 -27
% 21 23 -2 14 20 -6
Distribution Exp. - Operation 1482 1243 239 19 194063 134976 59087 44
% 2 2 0 2 1 1
Distribution Exp. - Maintenance 1965 1666 299 18 226054 187522 38532 21
% 2 3 -1 2 2 0
Consumers Account Expenses 4594 3812 782 21 432729 1096320 -663591 -61
% 6 6 0 4 11 -7
Administrative & General Exp. 9563 7945 1618 20 669974 660144 9830 1
% 12 12 0 6 6 0
Operating Margin (Loss) 15671 6862 8809 128 342395 -304384 646779 -212
Depreciation Expenses 1597 1658 -61 -4 357263 308593 48670 16
Interest Expenses 244 4050 -3806 -94 109325 109737 -412 0
Net Operating Margin 13830 1154 12676 1098 -124193 -722714 598521 -83
% 17 2 15 -1 -7 6
Other Expenses 0 0 0 -12929 -199827 186898 -94
Net Margin (Loss) 13830 1154 12676 1098 -111264 -522887 411623 -79
% 17 2 15 -1 -5 4
FINANCIAL DATA
Cash- General Fund -10170 -11357 1187 -10 592514 709262 -116748 -16
Sinking Fund-Loan Fund 0 0 0 3548 931 2617 281
Sinking Fund-RF/RFSC 0 0 0 327539 260217 67322 26
A/R - Energy Sales
Amount 81445 63695 17750 28 1474522 2067224 -592702 -29
No. of Month's Sales 11.14 9.88 1.26 13 1.48 2.22 -0.73 -33
A/P - Power
Amount 76247 75228 1019 1 3033662 3180495 -146833 -5
No. of Month's Purchases 18.79 20.89 -2.10 -10 4.13 4.51 -0.38 -8
Ave. Monthly Power Payments 4498 4106 392 10 783282 698330 84952 12
Advances to Officers & Empl. 1023 1294 -271 -21 7286 7972 -686 -9
Remittance to PSALM 0 0 0 575662 448833 126829 28
NEA Loan
Amount Due 6588 5797 791 14 1462970 1514108 -51138 -3
Payment 6588 5720 868 15 1209960 1096830 113130 10
No. of Quarters (Advance)/Arrears 0.00 1.00 -1.00 -100 7.37 11.56 -4.19 -36
Loan Amort. (Advance)/Arrears 0 77 -77 -100 253010 417278 -164268 -39
Outstanding Loan 6149 6636 -486 -7 1125822 1052067 73755 7
STATISTICAL DATA
MWH Generated/Purchased 9378 8459 919 11 1526010 1510429 15582 1
MWH Sales 8027 6908 1119 16 1279630 1229956 49674 4
MWH Coop Consumption 31 15 16 110 3014 2344 670 29
Systems Loss (%) 14.08 18.16 -4.08 15.96 14.08 1.88
Average Systems Rate (P) 10.93 11.20 -0.27 -2 9.32 9.09 0.22 2
Average Power Cost (P) 5.19 5.11 0.08 2 5.78 5.60 0.18 3
Average Collection Period 98 96 2 78 94 -16
Collection Efficiency (%) 77.17 73.00 4.17 91.86 91.80 0.06
Number of Consumers 12964 10695 2269 21 863970 829504 34466 4
Number of Employees 40 38 2 5 2075 2012 63 3
No. of Consumers per Employee 324 281 43 15 416 412 4 1
Non-Power Cost/Consumer 1358 1371 -13 -1 1763 2506 -744 -30
Peak Load 2168 1866 302 16 306057 283512 22545 8
2016 Perf. Assessment Rating/Class C - Small
REGION V
Financial Profile as of December 31, 2017
With Comparative Figures as of December 31, 2016
