FINANCIAL REPORT
FINANCIAL AND OPERATIONAL HIGHLIGHTS FOR CY 2020
The declaration of COVID-19 by the World Health Organization as a pandemic prompted the National Government to declare a nationwide state of calamity and implemented the Enhanced Community Quarantine throughout Luzon and other affected areas in March 2020. This directive posted a significant change in the operational activities of the organization. However, BCDA remained steadfast in its commitment as a prime mover of national development. I. STATEMENT OF FINANCIAL POSITION BCDA’s total assets as of 31 December 2020 amounted to Php196.35 billion, posting a slight increase of 0.5% from Php195.42 billion as of 31 December 2019 indicating resilience in the midst of the COVID-19 pandemic that impacted all business organizations on a global scale.
Current Assets comprises of the following:
Current assets in the total from Php38.74 billion as of other current accounts. The reduction of cash and amount of Php22.74 billion 31 December 2019 primarily due as of 31 December 2020, to reduction in cash and cash cash equivalents from Php22.76 decreased by Php15.99 billion equivalents and prepayment / billion in 2019 to Php6.32 bil-
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BCDA 2020 ANNUAL REPORT