DARMPC 30th General Assembly

Rising Above the Challenges

GENERAL ASSEMBLY

3 Vision, Mission and Values

4 Messages

8 Notice of Meeting

9 Minutes of the 29th General Assembly

12 DARMPC Annual Report Board of Directors

Audit and Inventory Committee Election Committee Credit Committee

Education Committee

Mediation and Conciliation Committee General Manager’s Report

17 Independent Auditor’s Report

29 DARMPC CY 2022 Operational Plan

34 List of DARMPC Members

Regular

Editorial Board

RUEL LIMBO

MA. ROWENA SALINDA

EL-ALMA CALINGASAN

RICKY SUNGA

Layout and Design

RICKY SUNGA

Photography

AERON E. NATINO

OUR VISION

A leading multi-purpose cooperative by 2030 that is focused on the aspirations and responsive to the needs of the members.

OUR MISSION

To help uplift the quality of life of members.

OUR VALUES

We are

D isciplined and dedicated officers, members, and staff who are

A dvocates of honesty, accountability, and integrity and adherents of quality standards

R esponsible and result driven stewards

M odel of fairness and equality

P rofessional and committed in the performance of duties towards patronizing the programs, projects, and services of the cooperative in the spirit of social responsibility, and

C entered on God.

Message

REPUBLICOFTHEPHILIPPINES DEPARTMENT OF AGRARIAN REFORM

I share the joy with everyone as I congratulate the DAR Multi-Purpose Cooperative on your 30th General Assembly and Election of Officers. I would also like to extend my salutations to the DARMPC officers.

For years, DARMPC has been the avenue for DAR to deliver and distribute benefits to its members; for one, they have provided affordable meals to sustain the vigor of our cherished DAR employees. I have nothing but praises to the labors of the officers in conducting plans that have backed not only the DARMPC but also the whole agency. The theme, “Rising Above the Challenges” is a perfect assimilation of our lives here in DAR: laden but still insistent for what is best for all. We may be loaded with our regular tasks alone, but I promise you that I am one in rising above the challenges I will be with you in this journey.

In light of the 30th general assembly, I would like to reiterate my promise to attend to my DAR family. I will listen to your suggestions, and I will continue to support your officers.

Mabuhay ang DARMPC at maraming salamat sa inyong patuloy na pagmamalasakit sa DAR!

Conrado M. Estrella III Secretary

Message

National Confederation of Cooperatives Network

The NATCCO Network sends felicitations and congratulations to the members, leadership, management and staff of DAR Multi-Purpose Cooperative (DMPC) on its 30TH General Assembly.

It is with much excitement and anticipation that we all look forward to a dynamic and growth-oriented 2023. Thus, you are welcoming the year with the very apt theme Rising Above the Challenges!

The Government’s 2023-27 Philippine Development Plan emphasizes that to be able to contribute to national development, co-operatives need to be resilient, with emphasis on establishing a Business Continuity Plan and Risk Management Policies. When the co-op is steady and firm, the members are steady and firm.

The PDP also highlighted the acceleration of digitalization and the need for the cooperatives to adopt new technologies. The reason for that is obvious – members and the community have great expectations on co-ops.

Digitalization really is the key for co-ops to rise above the challenges and sustain growth. That is why NATCCO has developed innovative products and services to push digitalization, to build an integrated NATCCO Network that result in robust co-operatives, always ready to take on opportunities. I am confident that together, we can overcome challenges in our journey.

Your NATCCO federation is always at your service.

Sylvia o. Paraguya Chief Executive Officer

Message of the Chairperson

DEPARTMENT OF AGRARIAN REFORM MULTI-PURPOSE COOPERATIVE

As we gather and celebrate the 30th Annual General Assembly (AGA) of the Department of Agrarian Reform Multi-Purpose Cooperative (DARMPC), we find ourselves in the midst of a global pandemic that has affected our lives in countless ways. With our theme "Rising above challenges." I believe it is a fitting reflection of the times we are living in. Despite the challenges we have faced, I am proud to say that our cooperative has remained strong and resilient, and we have continued to serve our members with dedication and commitment.

I want to take this opportunity to thank each and every one of you for your continued support and dedication to our cooperative. It is because of the collective efforts that we have been able to navigate these difficult times and emerge stronger and more resilient than ever before.

I encourage you all to actively engage in this momentous occasion, share your experiences, and offer your insights and ideas for the future. Together, we can continue to build a cooperative that is responsive, innovative, and committed to serving the needs of our community.

As your Chairperson, I am honored to lead this dynamic organization and to work alongside every one of you. Together, we have accomplished so much, and we have much more to achieve in the years ahead. Let us continue to work together, to build a stronger and more resilient cooperative that will serve our community for generations to come.

Thank you for your unwavering support as I look forward to another successful year ahead.

Mabuhay ang DARMPC!

Rhodelmelh D. Lagayan

Message of the Vice-Chairperson

DEPARTMENT OF AGRARIAN REFORM MULTI-PURPOSE COOPERATIVE

The growth and sustainability of a cooperative depends not only on the Board of Directors, Officers and management staff but on the continuing patronage, trust and confidence of the general membership and the ability of the members to share resources, time and expertise in the spirit of mutual cooperation.

As employees of DAR, we assist the Agrarian Reform Beneficiaries (ARBs) and their cooperatives to improve their organizations through leadership, governance and enterprise development interventions. We are mentors to those organizations. Therefore, we need to be constantly equipped with new knowledge, technologies and guidelines in order to adequately assist our clients. Similarly, we as members of DARMPC, we always need to be open to new developments while maintaining our patronage of the Cooperative’s products and services and participating in its activities.

As the DARMPC enters its fourth decade, more challenges need to be addressed. The need to maintain its operations amidst continuing inflation, rising interest rates, changing climate and other external factors necessitates responsive policy-making, efficient implementation of businesses, and stronger cooperation and commitment among the members.

The 30 years of existence of DARMPC is both a success and a challenge. Let us continue our successes and always be ready to face the challenges ahead.

Happy 30th Year to DARMPC!

Ruel C. Limbo

NOTICE OF MEETING

FOR : The General Assembly

FROM : The Board Secretary

SUBJECT : 30th General Assembly & Election of New Officers

DATE : April 13, 2023

The 30th General Assembly (GA) of the DAR Multi-Purpose Cooperative (DARMPC) will be on 13 April 2023 (Thursday) from 8:00 A.M. to 12 N.N. at the DAR Gymnasium. This will be followed by the Election of Officers at 1:00-4:00 P.M. to be held at the DARMPC Canteen, Diliman, Quezon City.

Order of Business

I. Registration 8:00-9:00 AM

II. Opening Program 9:00-9:30 AM

Invocation: DARMPC Prayer and Pledge

National Anthem

Welcome Remarks

Inspirational Messages

III.General Assembly Proper 9:30-12:00 AM

A. Proof of Due Notice and Declaration of Quorum

B. Call to Order

C. Reading of Minutes of the 29th GA

D. Approval of the Minutes

E. Matter Arising from the Minutes

F. General Manager’s Report

G. Chairperson’s Report

H. Presentation of Annual Operational Plan FY 2023

I. Presentation of Candidates

J. Adjournment

IV. Election and Canvassing

Highlights of the Minutes of the 29th General Assembly

Blended: face-to-face and online via Zoom

April 28, 2022

8:00 AM – 3:00 PM

OPENING PROGRAM

The 29th DARMPC General Assembly (GA) with the theme “Bring It

On! DARMPC Keeps Going Strong!” started at 8:30 A.M., with an Opening Prayer led by Chairperson Rhodelmelh D. Lagayan. To officially start the GA, the General membership was requested to join the activity starting with the recorded videos of the Cooperative Prayer, followed by the National Anthem and Cooperative Pledge.

Message

Chairperson Lagayan welcomed and acknowledged the presence of all the members who personally attended the 29th GA and those members attending face-to-face and online. In his message, he recalled the problems and challenges brought about by the COVID-19 pandemic to everyone and the operationalization of the DARMPC. He emphasized that despite all the challenges, DARMPC has overcome those trials through the determination and synergy of its management and staff, officers, and members.

GENERAL ASSEMBLY PROPER

Proof of Notice

In the absence of the Board Secretary, Treasurer Ergene I. Reveche informed the body that all members were duly notified of the holding of the 29th General Assembly through the posting of streamers at the main gate and in designated areas in the main building, bulletin boards in all DAR building and posting via DARMPC FB page/website several weeks prior.

Declaration of Quorum

At 9:00 A.M., with 421 members present representing 57% of the regular members, the Treasurer declared the presence of a quorum

Call to Order

Having established a quorum, the 29th General Assembly was called to order by Chairperson Lagayan.

Approval of the 29th GA Agenda

The agenda for the 29th GA was unanimously moved for adoption by the general membership after the presentation of the Facilitator of the agenda items for the GA’s discussion .

Mechanics of the GA Proceedings

The reading of the House Rules for the GA Procedures was briefly explained and presented by EDCOM member and Facilitator, Mr. Nereo Tierra. He reminded the body that the GA procedures are consistent with the DARMPC By-Laws, which are also contained in the video presentation, for the body’s information.

Chairperson Lagayan added that various policy issuances were issued by the Cooperative Development Authority (CDA) due to the COVID-19 pandemic. He likewise mentioned the correspondences/letters between CDA and DARMPC and Resolutions of the Board of Directors relative to the conduct of the virtual GA. For the smooth conduct of the GA, Chairperson Lagayan also presented the norms for the guidance of the general membership attending online.

Approval of the Minutes of the 28th General Assembly

The Facilitator informed the body that the Minutes of the General Assembly are contained in the 29th GA magazine which was distributed to the members a week prior to the 29th GA. With this, Ms. Gloria P. Almazan, DARMPC member, moved to dispense with the reading of the 28th GA minutes, which was duly seconded by Mr. Eulogio Penales.

Calendar Year (CY) 2022 Operational Plan

General Manager (GM) Josephine P. Panes presented the CY 2022 Operational Plan which contained the proposal to purchase a lot and building as an investment of the Cooperative. Several issues/ concerns were raised on the feasibility of the investment amid the COVID-19 pandemic. Hence, the 2022 Operation Plan was disapproved by a motion from the members. The members recommended prioritizing savings and income-generation for the benefit of the members and increasing the percentage of patronage refund and dividend as a means to uplift the life of cooperative members. It was also suggested to include a program for gender awareness in the operational plan.

Approval of the Amendments and Additional Electoral Rules, Regulations and Procedures for CY 2022

In view of the approval of the CDA regarding the conduct of the Virtual Annual General Assembly and the Election of Officers for

DARMPC CY 2022, the undertaking complies with the guidelines and health protocols issued by the Inter-Agency Task Force (IATF) and Memorandum Circular Nos. 2021-03 and 2021-06- issued by the CDA.

Issues/Concerns Raised by the General Membership

The following were raised during the proceedings of the 29th GA:

ISSUE/ CONCERN DISCUSSION AGREEMENT

Proposal for the Purchase of a Lot and Building

After the presentation of the proposal, the issue on Return of Investment (ROI) was exhaustively discussed.

Honorarium of DARMPC Officers

As a result of the pandemic, the income of the cooperative decreased. Hence, the provision of honorarium for the officers was raised.

A Motion to disapprove said proposal was moved by Ms. Gloria Almazan which was duly seconded. The GA agreed on the said motion.

Board Resolution No. 0488 provides temporary suspension on the provision of honorarium for all officers.

PM. Likewise, advanced voting was conducted prior to the actual voting period on members with valid reasons, i.e., approved Travel Orders, among others.

The winning Candidates are the following:

Election Committee

Roberto B. Evangelista - 200

Wilfredo S. Selva - 176

Board of Directors

Rhodelmelh D. Lagayan - 184

Nereo T. Tierra - 176

Lina B. Espinas - 175

CLOSING REMARKS

In his closing remarks, Vice Chairperson Abdon Owens B. Cabatu acknowledged the support of the general membership in attending the first blended conduct of the 29th GA despite the COVID-19 pandemic. As conclusion, he lauded and encouraged the members for their full cooperation for the success of the DARMPC.

ADJOURNMENT

There being no other matters to be discussed, the 29th General Assembly was moved for adjournment by DARMPC member, at 12:30 P.M.

Prepared by: Attested by:

Presentation of Candidates

Mr. Roberto B. Evangelista, Chairperson of the Election Committee presented the Candidates vying for the following elected positions in the CY 2022 DARMPC Election: Board of Directors (3 vacant); Election Committee (2); and Audit Committee (2). He informed the body that the election would be held at the DARMPC canteen via Google Form. The following candidates for CY 2022 were presented, as follows:

For Board of Directors :

Lina B. Espinas Rhodelmelh D. Lagayan

Francis B. Gadrinab Nereo T. Tierra

Gloria M. Juliano

For Election Committee:

Roberto B. Evangelista

Wilfredo S. Selva

Of the 438 MIGS who voted, 292 or 67% voted, from 1:00 PM to 3:00

JOSEPHINE P. SARVIDA

RHODELMELH D. LAGAYAN

Board Secretary Chairperson, Board of Directors

2022 ANNUAL REPORT

Board of Directors

The Board of Directors (BODs) is responsible for the cooperative’s strategic and development planning, direction-setting and policy formulation of the cooperative to ensure compliance and adherence to government regulations under the law. The following are its major activities in CY 2022 as categorized:

Member-Customer Satisfaction, Retention, and Impact. With the strategic objective of valuing members’ socio-economic improvement, increasing members’ engagement and continuous expansion of membership, resolutions have been issued by the Board. These are as follows: Amending Resolution No. 0469, Series of 2019

Granting Authority to Officers of DARMPC to transact business with LBP-QC Circle Branch in compliance with the e-banking and WeAccess facility requirements; Approving the enhanced Cooperative Manual Benefit Assistance (MBA) to all qualified DARMPC members; Granting the 2022 Pamaskong Regalo package for active members of the DARMPC according to annual tradition practice; Resolution on the distribution of Dividends and Patronage refunds for 2022 DARMPC operation; Approving the Provisions of Tokens in the Form of Cash for all DARMPC members for CY 2022; Granting the 2022 Pamaskong Regalo Package for Active members of the DARMPC according to Annual Tradition and Practice; Providing for the Condonation and/or Restructuring Program of Unpaid Interests, Surcharges, and Penalties from Loans Secured by DARMPC Member-borrower.

Financial Profitability, Stability, and Liquidity. To increase net surplus and sustain business operations, several resolutions were passed by the Board. These include the following: Granting authority of Petty Cash Custodian in the Amount of Thirty Thousand Pesos (₱30,000.00) under Imprest Fund System; Granting Authority of Cash Advances For Catering Services in the Amount of Two Hundred Fifty Thousand Pesos (₱250,000.00) under the Imprest System; and Approving Online Application for all Loan Windows, Loan Payments and Savings Deposits via DARMPC Facebook page/Email/Mobile Application to DARMPC members and Staff.

Internal Business Processes Enhancement. With the strategic objective of improving processes, documentation, productions and service delivery, the Board issued resolutions related to these. Among the resolutions crafted are the following: Authorizing the Concerned DARMPC Management to Perform the Needed official Transaction With the Bureau of Internal Revenue; Amending Resolution No. 0510, Series of 2021 Granting Authority To Officers of DARMPC To Transact Business With LBP-QC Circle Branch in Compliance To The e-Banking And WeAccess Facility Requirements; Authorizing the Concerned DARMPC Management As Authorizer to LBP-E Payment System for PhilHealth Payment; Providing The LBP, QC Circle Branch With Specimen Signatures of Newly Elected DARMPC Board of Directors (BODs) Chairperson, Vice-Chairperson and Treasurer; and Authorizing the Concerned DARMPC Management to Perform the Needed Official Transaction with BIR

Organizational Capacity. Consistent with the object of improving and enhancing capacities of human capital, policies were issued by the cooperative board. These are the following resolutions passed:

Abdon Owens B. Cabatu

Chairperson Rhodelmelh D.Lagayan

Lina B. Espinas

Jacqueline D. Dacasin

Gloria M. Juliano

Vice-Chair

Ruel C. Limbo

Nereo T. Tierra

2022 ANNUAL REPORT

Approving the Proposed Amendment of the DARMPC-Bylaws

Through Referendum and Endorsement to the CDA for Affirmation and Approval; Approving the Publication of the New Composition of Vacant Committees for Appointment FY 2022-2023; Approving the Extension of Terms of Office for concerned DARMPC Officers, mainstreaming of the Credit Committee and Suspension of the Provision of Honorarium of BOD and Officers; Approving the Temporary Appointment of Two (2) Credit Committee Members, the Publication of the New Composition of Vacant Committees for Appointment and Board Approval/Disapproval of Loans Amounting to PHP 100,000.00 and Higher; Appointing the Board Secretary, Treasurer and the Members of Committees on Education and Training, Ethics; and Mediation & Conciliation; Appointing General Manager and Defining the Terms of Reference (TOR) Pertaining Thereto; and Availing of the Regulatory Relief Under CDA MC No. 2022-01 in the Conduct of 30th DARMPC Annual General Assembly and Election of Officers for CY 2023.

Audit Committee

Chairperson: Onofre V. Valdez

Members: Jimmy A. Amadar and Ricardo A. Reyes

The Audit Committee is responsible for monitoring the adequacy and effectiveness of the cooperative’s management and control system, as well as auditing the performance of the cooperative. It also continuously and periodically reviews the books of account and other financial records to ensure that these are in accordance with generally accepted cooperative procedures and principles.

For this period, the committee has conducted the actual inspection of goods/items delivered as to quantity and specifications as well as monitored the daily sales from the canteen, catering operations and lending services. The committee also audited the process of purchase of goods, replenishment of kitchen utensils and supplies, conducted inventory in the canteen, and office supplies and equipment. The committee is instrumental in ensuring mandatory compliance with

CDA requirements for CY 2022 and prepared the following report forms: Performance Audit Report – Governance and Management Report; Social Audit of Cooperative; and Cooperative Annual Performance Report (CAPR) in coordination with the General Manager.

Election Committee

Chairperson: Roberto B. Evangelista

Members: Elvie S. Manzano and Wilfredo S. Selva

The Election Committee in the exercise of its mandate, supervised the election of Cooperative Officers, including canvassing and certifying the result of election, and proclaiming the winners thereof. On 28 April 2022, the DARMPC election was conducted, Out of 438 Members in Good Standing (MIGS) 292 voted, 66.67% of the required 50% + 1 votes for a valid election.

The EleCom in the performance of its duties and responsibilities performed the following undertakings: requested/Secured from the DARMPC Board Secretary the list of Members in Good Standing (MIGS) for posting; Prepare the notice of election for DARMPC Officers, together with the schedule of filing; posted/prepared all the necessary information/requirements pertaining to the 2022 DARMPC Election; received and reviewed the Certificate of Candidacy (COC) Re: Qualification of DARMPC Members who is running for an elective position; Facilitated the election of the Chairperson and Vice Chairperson of the Board of Directors; updated the DARMPC Manual of Electoral Rules, Regulations and Procedures; supervised the election proper; proclaimed the winners of the 2022 DARMPC Election; prepared the necessary documentation and reports that were disseminated and posted; attended NATCCO/CDA DARMPC Seminar and other related trainings; requested/Prepared the necessary Budgetary Requirements; and prepared the Election Plan 2022-2023

2022 ANNUAL REPORT

Education and Training Committee

Chairperson: Ruel C. Limbo

Members: Ma. Rowena G. Salinda and Ricky P. Sunga

GAD Focal Person: El-Alma G. Calingasan

The Education and Training Committee (EDCOM) is responsible for continuing Cooperative Education as well as human resource development programs for its members, officers, and the communities within its area of operation. It is also the duty of EdCom to conduct and or assist in training focusing on developing and enhancing the economic and social well-being of Cooperative management staff, officers, and members.

For this reporting period, the Committee has managed and conducted the in-house Pre-Membership Education Seminar (PMES) for prospective members in July and October 2022, both of which were held at the DARCO’s FAPso Conference Room. As part of its coordinating function, the Committee coordinated and co-managed with the National Confederation of Cooperatives (NATCCO) Network the conduct of mandatory training, namely, Fundamentals of Cooperative, Cooperative Management and Governance, Credit and Risk Management,

Financial Management, and Health and Wellness on “Mindfulness and Chronic Fatigue Syndrome” for the members. Likewise, the Committee has assisted the Ethics Committee in the review of the DARMPC staff Performance Evaluation Form.

Among the Committee’s other major accomplishments include the preparation of the 30th annual magazines; spearheading the preparations for the 29th General Assembly, and undertaking preparations for the 30th GA.

The Committee also prepared the design and proposal for the DARMPC 2022 Yearend Assessment held on December 16, 2023 and the DARMPC Operational Planning for 2023 and Policy Workshop held in Tagaytay City on February 2425, 2023. Furthermore, the Committee facilitated the attendance of DARMPC officers and staff to the Gender and Leadership Training held on June 30 to July 1, 2022 and Gender Sensitivity Trainings for All Micro and Small Cooperatives held on October 18, 2022.

Lastly, the Committee was in charge of facilitating the attendance of officers to various trainings conducted by the National Confederation of Cooperatives (NATCCO).

Credit and Collection Committee

Joselito V. Olegario and Rowena M. Vasquez

The Credit Committee is responsible for evaluating and approving credit applications. For this reporting period, it processed and approved 746 loan applications amounting to Php 30,148,670.09 which was released from January to De-

cember 2022. Related to this, the Committee has monitored monthly loan collections/payments thru payroll deductions and direct payments. Total loan collections/payments from January to December 2022:

• Payroll deductions = ₱ 24,462,838.59

• Direct payments = ₱ 7,592,255.97

• Total Loan Collections = ₱ 32,055,094.56

The Committee also implemented Board Resolutions on credit and collection, and reviewed existing lending policies and processes for enhancement and revision to improve collection efficiency and ensure the fiscal strength of DARMPC. It has proposed to the BOD the manualization of Credit Policies and Processes, and for the review/revisit of all the Board Resolutions especially concerning credit and collection.

Mediation and Conciliation Committee

Chairperson: Jalilah M. Guro

The Mediation and Conciliation Committee (MEDCOM) is tasked to formulate and develop the Conciliation-Mediation Program and ensure that it is properly implemented and monitored. Likewise, the Committee has to submit recommendations for improvement on this program to the Board of Directors.

In the performance of its role, the Committee has accomplished for CY 2022-2023, the following: The Committee has mediated conflicts that arose among DARMPC staff; In coordination with the Ethics Committee, the Mediation Committee has partici-

pated in various meetings pertaining to the customers’ complaints on food handling. The Committee is also closely coordinating with the DARMPC Credit Committee on matters pertaining to the arrears incurred by DARMPC members; and The committee has participated in the BOD meeting related to the DARMPC’s plans and programs.

Ethics Committee

Chairperson: Jazira M. Ismael

The Ethics Committee is tasked to develop, disseminate and monitor compliance with the Code of Governance and Ethical Standards to be observed by the members, officers and employees. It is also responsible for conducting initial investigation of complaints and submit report to the Board of Directors as well as recommend ethical rules and policy to the Board for its consideration as a policy measure. For this reporting period, the Committee, in collaboration with the Mediation and Conciliation Committee, Credit Committee and other officers concerned has actively contributed for the betterment of the DARMPC.

As regards the ethical standards, the Committee promptly investigated and resolved issues and concerns faced by concerned DARMPC staff vis-a-vis the DARMPC management.

With respect to the Committee’s capacity building, the members actively participated in the Strategic Planning/ OPLAN and other related activities.

Our Main Services

General Manager’s Report

Josephine Panes

The revenues from the DARMPC’s services notably increased for CY 2022. Our net surplus for our lending services stands at 25% , due to the intensive collection by our staff of past dues and the members’ active patronage of our various lending products . Net Surplus from Canteen, on the other hand, increased by 85%, due to our profitable catering services. Total Net Surplus for CY 2022 increased by 78% from P 2, 273,561.02 to P 4,047,046.32. We have also increased the number of our members, with total membership of 765 members as of December 2022.

Regulatory Requirements

In the first quarter of the year, we have complied with the mandatory requirements such as Business Permit, Fire and Safety Inspection Certificate, Health and Sanitation; and BIR annual registration; CDA requirements on CAPR, CAPRIS & CoopCais for Certificate of Completion (COC) in June 2022. The CDA also approved our 2021 Annual Report on 27 August 2022.

Business Opportunities and partnership

As for other business opportunities that the cooperative has engaged in, we have started producing our baked products and have ventured inti marketing party trays under our catering services. To generate more interest in our food products, we have even staged our first food festival to celebrate International Women’s Month at DAR.

We have also explored the possibility of acquiring a franchise for outsourced payment. We have considered Unified Products, KAYA of NATCCO, and Bayad Center.

Our partnership with CISP has also yielded results, as it has granted our insurance claims for the loans left by members who have sadly passed away

Education and Training

For continuous education of members and staff, we have coordinated with the Education and Training Committee to conduct Pre-Membership Education Seminar (PMES) for potential members and mandatory trainings and seminars for our officers and management staff. I have also been privileged to participate in the Cooperative Leadership and Management Program (LAMP) conducted by the National Confederation of Cooperatives (NATCCO).

Managing the Cooperative

In 2022, we have standardized the menu for integration of Inventory-POS-Abacus. We have also conducted Management Staff Performance Evaluation for our human resources as part of our process. We have also completed and compiled the Canteen and Lending rules for the benefit and information of our members.

Overall, this has been a challenging year for the cooperative post-Pandemic. And yet despite the weighing down of the economy at the national level, our cooperative has proven itself to be resilient, strong and profitable all these years. Hence, the members, officers and staff must celebrate these triumphs during our 30th General Assembly.

Mabuhay ang DARMPC!

Treasurers’s Report

Isang mainit na pagbati sa ating mga kasamahang DARMPC co-owners!

As mandated by the Cooperative Code of the Philippines, we are conducting our 30th General Assembly this time of the year. One of the importance of convening this activity is sharing with you our financial status covering the previous year, 2022.

Despite the high inflation (8.6% ), the fruits and gains of our invested treasures, time, talents and trust have bore fruit. We are indeed proud to present them.

To date, our total assets have grown to PhP 58,976,409.52, while our total liabilities have reached PhP16,837,721.33. This balance sheet data bring our cooperative’s total member’s equity and statutory reserves to a modest level of PhP 42,138,688.19. The breakdown of the latter is as follows:

I also provided an illustrative presentation on the financial ratios covering liquidity, profitability and solvency to show where we stand in terms of key areas of financial management.

Liquidity. The Quick Asset Ratio indicates the extent to which a cooperative could pay current debt without depending on future income. Quick assets are highly liquid and immediately convertible to cash. On the other hand, current ratio gauges how the cooperative will be able to pay current debts using only its current assets.

Profitability. Profitability ratio shows the net income margin and Return on Investment (ROI). It assesses the cooperative’s ability to generate earnings compared to its expenses and other relevant costs that are incurred during a specific period. Net income margin, on the other hand, is the percentage of revenue remaining after all operating expenses, interest, taxes, and dividends have been deducted from the cooperative’s total revenue. ROI measures the amount of return on an investment relative to the investment’s cost.

Solvency. A financial management indicator that reflects the cooperative’s ability to meet long-term obligations.

Based on these selected financial ratios as well as the other financial reports that have been prepared, we remain optimistic that our Cooperative shall continue to be a viable, strong, profitable, and stable institution. DARMPC shall endure all the global challenges through our collective efforts.

To all fellow DARMPC co-owners, tulong-tulong at patuloy po nating tangkilikin, pagsilbihan at suportahan ang ating Kooperatiba!

Indeed, our 30th General Assembly theme “Rising above challenges” says it all about our present and future journey! May God bless us all!

Independent Auditor’s Report

The Board of Directors and Shareholders of

DAR Multi-Purpose Cooperative

DAR Compound, Elliptical Road

Diliman, Quezon City

Report on the Audit of the Financial Statements

Opinion

I have audited the financial statements of DAR Multi-Purpose Cooperative, which comprise the statements of financial condition as of December 31, 2021 and 2020, and the statements of operations, statements of changes in equity and statements of cash flows for the years then ended, and notes to the financial statements, including a summary of significant accounting policies.

In my opinion, the accompanying financial statements present fairly, in all material respects, the financial position of DAR Multi-Purpose Cooperative as of December 31, 2021 and 2020, and of its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Framework for Cooperatives.

Basis for Opinion

I conducted my audit in accordance with Philippine Standards on Auditing (PSAs) and the Standard Audit System for Cooperatives (SASC). My responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. I am independent of the Cooperative in accordance with the Code of Ethics for Professional Accountants in the Philippines, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the Philippine Financial Reporting Framework for Cooperatives, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Cooperative’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Cooperative or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Cooperative’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Statements

My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with PSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are

considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with PSAs, I exercise professional judgment and maintain professional skepticism throughout the audit. I also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Cooperative’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Cooperative’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in my auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify my opinion. My conclusions are based on the audit evidence obtained up to the date of my auditor’s report. However, future events or conditions may cause the Cooperative to cease to continue as a going concern.

I communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit.

Report on the Supplementary Information Required Under Revenue Regulations 15-2010

My audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information on taxes, duties and license fees in Note 23 to the financial statements is presented for purposes of filing with the Bureau of Internal Revenue and is not a required part of the basic financial statements. Such information is the responsibility of management. The information has been subjected to the auditing procedures applied in my audit of the basic financial statements. In my opinion, the information is fairly stated in all material respects in relation to the basic financial statements taken as whole.

STATEMENTS OF FINANCIAL CONDITION

STATEMENTS OF OPERATIONS

STATEMENTS OF CASH FLOWS

STATEMENTS OF CHANGES IN EQUITY

NOTES TO FINANCIAL STATEMENTS

1. GENERAL INFORMATION

The DAR MULTI-PURPOSE COOPERATIVE, was registered as a cooperative pursuant to RA 9520 for the purpose of encouraging thrift and granting loans to members for productive, educational and providential purposes, providing goods and services and other requirements of the members, among others. The cooperative was registered under RA 9520 with registration No. 9520-16014869 on March 22, 2010.

The Cooperative is a duly registered taxpayer of 07-RDO-38 under Tax Identification No. 218-898-156-000, secured its Certificate of Tax Exemption with the Bureau of Internal Revenue on October 30, 2018 and shall be valid for five (5) years or until October 30, 2023. Under RA 9520, the cooperative is exempt from payment of income and sales taxes, provided that a substantial portion of its net income is returned to members in the form of interest and patronage refunds.

Cooperative Identification No. 0105161359

The cooperative Certificate of Compliance was issued on September 15, 2021 and shall be valid and effective until April 30, 2022..

The cooperative’s office address was located at DAR Compound, Elliptical Road, Diliman, Quezon City.

2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

To facilitate the understanding of the financial statements, the more significant accounting policies and practices of the Cooperative are summarized as follows:

Basis of Preparation/Partial Adoption of New/Revised Philippine Accounting Standards

The Cooperative financial statements have been prepared in conformity with Financial Reporting Standards applicable to the Philippine cooperatives

PAS 1 - Presentation of Financial Statements -Provides framework of financial statements presentation. It requires more specific balance sheet line items (tax liabilities, provisions, non-current interest-bearing debt, among others; financial statements must be comparative; and, has a number of new disclosure requirements. The standard also requires presentation of comparative information.

PAS 8 -Accounting Policies, Changes in Accounting Estimates and Errors -The standards is applied in selecting and applying accounting policies, and accounting for changes in accounting policies, changes in accounting estimates and correction of prior period errors.

PAS 10 -Events After Balance Sheet Date -The standard is applied in the accounting for, and disclosure of events after balance sheet date.

PAS 16 -Property, Plant and Equipment -PAS 16 (a) provides additional guidance and clarification on recognition and measurement of property, plant and equipment; requires capitalization of the costs of assets dismantling, removal or restoration; and requires measurement of an item

of property and equipment acquired in exchange for a non-monetary asset or a combination of monetary and non-monetary assets at fair value, unless the exchange transaction lacks commercial substance. The standard also provides for derecognition (e.g., disposal).

PAS 19/IAS 19-Employee Benefits -Prescribes the accounting and disclosure for employee benefits, including short-term benefits (wages, annual leave, sick leave, annual profit-sharing bonuses, and non-monetary benefits); pensions, post-employment life insurance and medical benefits’ other longterm employee benefits (long-service lease, disability, deferred compensation, long-term profit sharing and bonuses, and equity compensation).

PAS 24 -Related Party Transactions -This Standard applies in: (a) identifying related party relationships transactions; (b) identifying outstanding balances between an entity and its related parties; identifying the circumstances in which disclosures to be made about these items.

PAS 36 -Impairment of Assets -This standard applies in accounting for the impairment of assets other than those covered by separate standards.

PAS 2 -Inventories -Prescribes the accounting treatment for inventories.

PAS 7 -Cash Flow Statements -Prescribes the provision of information about the historical changes in cash and cash equivalents of an entity by means of a cash flow statement which classifies cash flows during the period from operating, investing and financing activities.

PAS 18 -Revenue -Prescribes the accounting treatment for revenue arising from certain types of transaction and events.

PAS 38 -Intangible Assets -Prescribes the accounting treatment for Intangible Assets not dealt wit specifically in another Standard.

PAS 32,39-Financial Instruments -Prescribes the accounting treatment, presentation and disclosure requirements for Financial Instruments.

PAS 40 -Investment Property -Prescribes the accounting treatment and disclosure requirements for Investment Property.

Management’s Use of Judgments and Estimates

The financial statements are prepared in conformity with the above-mentioned accounting principles accepted in the Philippines which requires management to make estimates and assumptions that effects the amounts reported in the financial statements and accompanying notes. Those estimates and assumptions used in the financial statements are based on management’s evaluation of relevant facts and circumstances as of date of the financial statements. Actual results could differ from such estimates.

The key estimates/assumptions concerning the future that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

Estimated Useful Lives

The useful life of each of the Cooperative’s property or equipment is estimated based on the period over which the asset is expected to be available for use. Such estimation is based on the collective assessment of industry practice,

internal technical evaluation and experience with similar assets. The estimated useful life of each asset is periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical and commercial obsolescence and legal or other limits on the use of the assets. It is possible, however, that future results of operations could be materially affected by changes in the amounts and timing of recorded expenses brought about by changes in the factory mentioned above.

Asset Impairment

PFRS requires that an impairment review be performed when certain impairment indicators are present. Determining the value of property and equipment, which require the determination of future cash flows expected to be generated from the continued use and ultimate disposition of such assets, requires to Cooperative to make estimate and assumptions that can materially affect its statement of assets, liabilities and stockholder’s equity. Future events could cause the Cooperative to conclude that the property and equipment are impaired. Any resulting impairment loss shall be charged to operations.

Functional and Presentation Currency

Items included in the Cooperative’s financial statements are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The financial statements are presented in Philippine Peso, which is the Cooperative’s functional and presentation currency.

Revenues Recognition

Revenue is recognized when it is probable that the economic benefits associated with the transaction will flow to the Cooperative and the amount of revenue can be measured reliably. Revenues from transactions of the Cooperative are recognized on a modified accrual basis

Cash and Cash Equivalents

Cash includes cash on hand and in banks. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amount of cash and with original maturities of three months or less and that are subject to an insignificant risk of change in value.

Financial Assets

Receivables

Receivables, if any, are valued at face value, net of allowance for doubtful accounts and any anticipated adjustments that will reduce the amount to its estimated realizable value. The allowance for doubtful accounts is determined after a study of the estimated collectability of the receivable balances and evaluation of such factors as aging of the accounts, collection expense of the Cooperative in relation to the particular receivable, past and expected loss experiences and identified doubtful accounts.

Inventories

Inventories are assets which are held for sale in the ordinary course of business, in the process of production for such sale or in the form of materials or supplies to be consumed in the production process or in the rendering of services. Inventories are valued at the lower of cost and net realizable value.

Property and Equipment

Property and Equipment are carried at cost less accumulated depreciation and impairment in value. Depreciation is computed using the straight-line method over the estimated useful lives of the properties.

Building

Office Equipment

Office Furniture and Fixtures

Transportation Equipment

Miscellaneous/Other Assets

Financial Liabilities

20 years

1 to 5 years

1 to 5 years

10 to 15 years

1 to 5 years

Financial Liabilities include bank loans, trade and other payable, as well as Interest on Share Capital and Patronage Refund Payable to the cooperative’s members. These are recognized when the Cooperative becomes a party to the contractual agreements of the instrument. All interest related charges are recognized as Statement of Operations under the caption Finance Costs.

Trade Payable are recognized at their nominal value. Interest on Share Capital and Patronage Refund payable are recognized as financial liabilities based on the Cooperative’s By-Laws as well as Cooperative laws and regulations.

Financial liabilities are derecognized from the balance sheet only when the obligations are extinguished either through discharge, cancellation or expiration.

Impairment of Assets

The carrying value of the cooperative’s non-current assets are viewed at each balance sheet date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated.

An impairment loss is recognized whenever the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount.

Costs and Expenses

Costs and expenses, not directly attributable to capitalizable assets or projects, are recognized and charged to operations as incurred.

Accounting Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the Philippines requires the Cooperative to make estimates and assumptions that affect the reported amounts on income, expenses, resources, liabilities and disclosure of contingent resources and liabilities. Actual results could differ from those estimates.

ACCOUNTS PECULIAR TO COOPERATIVES

The following accounts are peculiar to a Cooperative due to its nature as well as adherence to Cooperative laws, issued policies, rules and regulations, as well as cooperative principles and practices:

ASSETS:

Cash in Cooperative Federation – refers to money deposited in federations which are unrestricted and readily available when needed. These are treated as cash and other cash equivalents.

Due from Accountable Officers and Employees – refers to total collectibles from shortages and other losses due from accountable officers and employees

that are subject to immediate settlement/sanction. These are recognized at cost, less allowance for impairment, if any.

Investment in Cooperative Federation – refers to investments in secondary/ tertiary cooperatives’ share capital where the cooperative is affiliated. These are non-transferable and non-negotiable investments and are recognized at cost.

Cooperative Development Cost – refers to expenses incurred prior to the actual operations of the cooperative. These are recognized at cost, subject to amortization for a period not exceeding 3 years.

Other Funds and Deposits – refers to restricted funds set aside for funding of reserves (Statutory and Other Reserves) established by the cooperative such as Retirement, Mutual Benefit and other Funds.

LIABILITIES:

Interest on Share Capital Payable – refers to liability of the cooperative to its members for interest on share capital, which can be determined only at the end of every fiscal year.

Patronage Refund Payable – is the liability of the cooperative to its members and patrons for patronage refund, which can be determined only at the end of every fiscal year.

Due to Union/Federation (CETF) – is an amount set aside for the education and training fund of an apex organization, which is 50% of the amount allocated, by the cooperative in accordance with the provision of the cooperative’s by-laws and the cooperative code. The apex organization may either be a federation or union of which the cooperative is a member.

Revolving Capital Payable – is the deferred payment of interest on share capital and patronage refund whose payment has been withheld, which should be agreed upon in the General Assembly.

Project Subsidy Fund Payable – Unused portion of the donation/grant for training, salaries and wages, etc.

Mutual Benefit and Other Funds Payable – are funds for special purposes such as members’ welfare and benefits, i.e. loan protection, hospitalization, death, scholarship assistance, etc. including KBGF/CGF, provision for accidents not taken from net surplus.

EQUITY

Donations/Grants – are amounts received by the cooperative as awards, subsidies, grants, aids and others. This shall not be available for distribution as interest on share capital and patronage refund, and shall form part of the members’ equity of the Statement of Financial Condition.

Statutory Funds – are Mandatory funds established/set up in accordance with Articles 86 and 87 of the Cooperative Code. They are as follows:

Reserve Fund – amounts set aside annually for the stability of the cooperative and to meet net losses in its operations. It is equivalent to at least 10% of the net surplus. A corresponding fund should be set up either in the form of time deposit with local banks or government securities. Only the amount in excess of the paid-up share capital may be used for the expansion and authorized investment of the cooperative as provided for in its by-laws.

Education and Training Fund – an amount retained by the cooperative out of the mandatory allocation as stipulated in the cooperative’s by-laws

Community Development Fund – this is computed at 3% of the cooperative net surplus. This is used for projects or activities that will benefit the community where the cooperative operates.

Optional Fund – this fund set aside from the net surplus (should not exceed 10%) for future use such as land and building, community developments, etc.

EXPENSES

General Assembly Meeting – expenses incurred in the conduct of regular/ special general assembly meeting.

Members’ Benefit – all expenses incurred for the benefit of the members

Affiliation Fee – amount incurred to cover membership or registration fees and annual dues to a federation or union.

Social and Community Service – expenses incurred by the cooperative in its social community involvement including solicitations and donations to charitable institutions.

Provision for CGF(KBGF) – amount set up for the provision of CGF(KBGF)

Provisions for Members’ Future Benefits – amount set up for future benefit of members, such as pension of members, etc. not taken from Net Surplus.

OTHER ITEMS

Project Subsidy – refers to the amount deducted from Project subsidy fund to subsidize project expenses. This shall appear in the statement of operation as a contra account to Subsidized Project Expenses.

Donation and Grant Subsidy – refers to an amount deducted from Donations and Grants account to subsidize depreciation funded by donations and grants.

Optional Fund Subsidy – refers to an amount deducted from Optional Fund to subsidized depreciation funded by Optional Fund and/or community development expense.

Subsidized Project Expenses – refers to a portion of the Project Subsidy Fund expended for training, salaries and wages and other activities subsidized by donations and grants.

INCOME TAXES

The Cooperative Code state that a Cooperative transacting business only with its members is exempt from all government taxes and therefore cannot apply the PAS for income taxes because of its tax-exempt nature. However, should the cooperative exceed the limits as set forth in the cooperative code, it will adopt the accounting standards for income taxes as stated in PAS 12.

INCOME RECOGNITION

As a rule, cooperatives adopt the accrual basis of accounting. However, for credit and other cooperatives, recognition of revenues is on a modified accrual basis; i.e., interest income, fines, penalties and surcharges shall be recognized when earned and collected. This is so because only interest income, fines penalties and surcharges on loans receivable that has been realized (i.e. earned and collected) shall be the basis of the income available for distribution to its members through interest on share capital and patronage refund.

Also, due to the cash-based income distribution scheme of a cooperative as well as the inherent limitations of small-scale countryside credit cooperatives it cannot adopt the effective interest method in recognizing interest income on loans receivable.

3. MANAGEMENT’S SIGNIFICANT ACCOUNTING JUDGEMENT AND ESTIMATES

Judgments

The preparation of the Cooperative’s financial statements in conformity with Financial Reporting Framework (in reference to the Generally Accepted Accounting Principles of the Philippines) requires management to make estimates and assumptions that affect the amounts reported in the Cooperative’s financial statements and accompanying notes. The estimates and assumptions used in the Cooperative’s financial statements are based upon management’s evaluation of relevant facts and circumstances as of the date of the Cooperative’s financial statements. Actual results could differ from such estimates, judgments and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Estimates

In the application of the Cooperative’s accounting policies, management is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following represents a summary of the significant estimates and judgments and related impact and associated risks in the Cooperative’s financial statements.

Allowance for Doubtful Accounts

The Cooperative assesses whether objective evidences of impairment exist for receivables and due from related parties that are individually significant and collectively for receivables that are not individually significant. Allowance for doubtful accounts is maintained at a level considered adequate to provide for potentially uncollectible receivables.

The cooperative should provide for probable losses on loans with thirty five percent (35%) for loans one (1) to twelve (12) months past due, and one hundred percent (100%) for loans over twelve (12) months past due.

Impairment of Available-for-sale Financial Assets

The Cooperative follows the guidance of PAS 39 in determining when an asset is other-than-temporarily impaired. This determination requires significant judgment. In making this judgment, the Cooperative evaluates, among other factors, the duration and extent to which the fair value of an investment is less than its costs; the financial health of and near-term business outlook of the investee, including factors such as industry and sector performance, changes in technology and operational and financing cash flow.

If the assumption made regarding the duration that, and extent to which the fair value is less than cost, the Cooperative would suffer an additional loss in its financial statements, representing the write down of cost at its fair value.

Estimated Useful Lives of Property, Plant and Equipment

The Cooperative estimates the useful lives of property, plant and equipment based on the period over which the property, plant and equipment are expected to be available for use. The estimated useful lives of the property, plant and equipment are reviewed periodically and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the property, plant and equipment. In addition, the estimation of the useful lives of property, plant and equipment is based on the collective assessment of industry practice, internal technical evaluation and experience with similar assets. It is possible, however, that future financial performance could be materially affected by changes in the estimates brought about by changes in factors mentioned above. The amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances.

A reduction in the estimated useful lives of the property, plant and equipment would increase the recorded expenses and decrease the non-current assets.

The company assesses the value of the property, plant and equipment which require the determination of future cash flows expected to be generated from the continued use and ultimate disposition of such assets, and require the Company to make estimates and assumptions that can materially affect the financial statements. Future events could cause the Company to conclude that property, plant and equipment and other long-lived assets are impaired. Any resulting impairment loss could have a material adverse impact on the Company’s financial condition and results of operations.

The preparation of the estimated future cash flows involves significant judgment and estimations. While the Company believes that its assumptions are appropriate and reasonable, significant changes in these assumptions may materially affect the Company’s assessment of recoverable values and may lead to future additional impairment charges.

Revenue Recognition

The Company’s revenue recognition policies require the use of estimates and assumptions that may affect the reported amounts of revenues and receivables. Differences between the amounts initially recognized and actual settlements are taken up in the accounts upon reconciliation. However, there is no assurance that such use of estimates may not result to material adjustments in future periods.

4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Cooperative is exposed to credit, liquidity, and other risks that arise in the normal course of its business. Its risk and control framework include a focus on minimizing negative effects on the Company’s financial performance due to unpredictability of financial markets that drives the risks.

Credit Risk

Generally, the maximum credit risk exposure of financial assets is the carrying amount of the financial assets as shown on the face of the statement of financial condition.

The Cooperative continuously monitors defaults of customers and other counter -parties, and incorporate this information into its credit risk controls. The Cooperative’s policy is to deal only with creditworthy counter-parties.

The Cooperative’s management considers that all the above financial assets that are not impaired or past due for each balance sheet dates are of good credit quality.

With respect to trade and other receivables, the Cooperative is not exposed to any significant credit risk exposure to any single counter-party or any group of counter-parties having similar characteristics. Based on historical information about customer default rates management consider the credit quality of trade receivables that are not past due or impaired to be good.

The credit risk for cash and cash equivalents, money market funds, debentures and derivative financial instruments is considered negligible, since the counterparties are reputable banks with high quality external credit ratings.

Liquidity Risks

Liquidity or funding risk is the risk that an entity will incur difficulty in raising funds to meet commitments associated with financial instruments. Liquidity risk may result from either the inability to sell financial assets quickly at their fair values; or counter-party failing on repayment of contractual obligation; or inability to generate cash flows as anticipated.

In order to minimize liquidity risk, the Cooperative maintains sufficient cash and has the availability of funding through an adequate amount of committed credit facilities.

Other Price Risk Sensitivity

The Cooperative’s market price risk arises from its investments carried at fair value (financial assets classified as financial assets at fair value through profit or loss and available-for-sale financial assets). It manages its risk arising from changes in market price by monitoring the changes in the market price of the investments.

5. CASH AND CASH EQUIVALENTS

This account consists of the following:

Cash is valued at face amount. The Cooperative considers all highly liquid instruments purchased with maturity of three months or less from the date of acquisition as cash equivalents.

6. LOANS AND RECEIVABLES

24. ALLOCATION AND DISTRIBUTION OF NET SURPLUS

The Cooperative’s constitution and by-laws explicitly provides that its net surplus at the end of the year shall be distributed in the following manner:

a. Reserve Fund - 10 percent (10%) shall be set aside for the reserve fund. The reserve fund shall be used for the stability of the cooperative and to meet net losses in its operations.

b. Education and Training Fund – 10 percent (10%) for the education and training fund. Half of the amount transferred to the education and training fund annually under this subscription may be spent by the cooperative for education and training and other purposes; while the other half shall be credited to the Cooperative education and training fund of the apex organization of which the cooperative is a member.

c. Community Development Fund – this is computed at 3% of cooperative’s net surplus. This is used for projects or activities that will benefit the community where the cooperative operates.

d. Optional Fund – This is computed at 7% of the cooperative’s net surplus.

e. Interest on Share Capital and Patronage Refunds – After deduction of the statutory accounts, any remaining net surplus shall be distributed to the cooperative’s members in the form of interest not to exceed the normal rate of return on investments and patronage refunds, Interest on Fixed Deposits shall be allocated in proportion to the individual members’ average share monthly, while patronage refund is divided according to their individual patronage; i.e., volume of loans availed.

25. SUPPLEMENTARY INFORMATION REQUIRED UNDER REVENUE REGULATION (RR) 19-2011

A. RR-19-2011prescribed the new income tax forms to be used effective calendar year 2012. In case of corporation using BIR Form 1702, the tax payer is now required to include as part of its Notes to Audited Financial Statements, which will be attached to the income tax returns (ITR), the schedule and information on taxable income and deductions to be taken.

1. Taxable Sales amounting to Exempt Receipts Php 9,266,868.09

2. Itemized Deductions-Disbursement amounting to Php 5,219,821.77

Local Taxes

Business Permit and other taxes Php 15,659.00Php 14,407.18

B. Supplementary Information Required Under Revenue Regulation 152010

On November 25, 2010, the BIR issued Revenue Regulation (RR) No.152010 for the amendments in certain provisions of RR 21-2002 as Amended, Implementing Section 6 (H) of the Tax Code of 1997, authorizing the Com-

missioner of Internal Revenue to Prescribe Additional Procedural and/or Documentary Requirements in Connection with the Preparation and Submission of Financial Statements Accompanying the Tax Return.

a. The Cooperative has no deficiency tax assessment as of December 31, 2022.

b. The Cooperative has no tax case, litigation and/or prosecution in courts or bodies outside the BIR.

26. EMPLOYEES BENEFIT

A. Retirement Benefits

Republic Act (RA) No. 7641 (New Retirement Law) took effect on January 7, 1993. Under the new law, the Cooperative is required to provide minimum retirement benefits to qualified retiring employees. The Cooperative provides funds in compliance with the law but still insufficient.

B. Other Employees Benefits:

The cooperative provides the mandatory benefits like 13th month pay, bonuses, SSS, PHILHEALTH and PAG-IBIG coverage and etc.

27. STATEMENT PRESENTATION

Certain accounts have been reclassified to conform to the standard chart of accounts for all types of cooperatives and financial statement presentation as prescribed by the Cooperative Development Authority and Philippine Financial Reporting standards (PFRS).

DARMPC CY 2023 Operations Plan

Abad, Vitaliano Jr., T

Abatay, Andrea Rosario S.

Abillar, Jeanette S.

Acedillo, Leah M.

Afable, Francisco L.

Afable, Ma. Celerina G.

Agasang, Daniel Y.

Agbada, Arnold G.

Agliam, Emma Concepcion

Alcala, Maybelle T.

Alejo, Florence O.

Ali, Alexander Alimmuon J.

Almazan, Gloria P.

Alvarez, Cenaflor D.

Alvarez, Philip D.

Amadar, Jimmy A.

Aman, Ma. Cleofe M.

Amatonding, Jamil Jr., P.

Ambion, Ester Soraya M.

Ancheta, Marlene S.

Ancheta, Sonia F.

Ang, Aurita C.

Ang, Jonathan R.

Anis, Marisol S.

Antiporda, Florante Jr., D.

Apolinar, Reynalito P.

Arcaina, Resurreccion E.

Arro, Rhoda M.-

Artificio, Marites P.

ASAS, CLARITA

Asquilon, Jose Jiffy A.

Asuncion, Cupido Gerry D.

Azcuna, Erwin L.

Babida, Emmanuel

Babida, Remelyn A.

Baccay, Marissa Arlene B.

Bacuyag, Jener Urfindo C.

Balagot, Sharon Terrie P.

Balcita, Marites P.

Baldevia, Jose A.

Balleras, Elizer A.

Balonzo, Flores C.

Baltazar, Carol Cristine

Balulot, Djoanna Gay B.

Bandal, Arden D.

Baniaga, Eden B.

Barandino, Alberto L.

Bardillon, Ricardo Jr., U.

Barrera, Rea Lynn P.

Basilio, Girlie Ann T.

Baui, Nilda

Bautista, Dinah G.

Bautista, Redor B.

Baybayon, Lolita C.

Bayquen, Bernard Lester P.

DARMPC Regular Members

Bayquen, Paterno T.

Bejar, Gloria E.

Bernabe-Falucho, Regina II

Bicera, Leonor M.

Bidaure, Marivic S.

Bravo, Amelia S.

Briones, Gonzalo

Bueno, Cornelia B.

Bueno, Rodolfo Bernardo M.

Bulanon, Lilibeth F.

Bulayungan, Laurence A.

Bulgado, Jeffrey U.

Bunyi, Cynthia R.

Buo, Ford E.

Burgos, Lourdes C.

Cabañes, Jimmy G.

Cabanes, Ma. Elena C.

Cabantac, Marie Louie

Cabatu, Abdon Owens B.

Cabrera, Roselle O.

Cacananta, Carlito S.

Cahilig, Efren D.

Calaca, Acmad N.

Calingasan, El-Alma G.

Calla, Mierandy R.

Calleja, Ma. Concepcion F.

Caluag, Olivia S.

Caluya, Leonides

Camacam, Rina C.

Campued, Jake C.

Cando, Alrik Turi S.

Cando, Arlene S.

Capistrano, Lucille G.

Carambas-Malindog, Ma. Shella

Carolino, Estrella C.

Castro, Salvador Jr., V.

Cataggatan, Socorro A.

Catibayan, Myrah Ester M.

Cayaban, Marlon D.

Cellona, Blesilda F.

Clemente, Olga M.

Coleto, Jim G.

Colocar, Rene E.

Coloquio, Luz G.

Coloquio, Zenido

Cortez, Zane Andre M.

Cristobal, Milagros Isabel A.

Cruz, Lourdes V.

Cuaresma, Estelita M.

Cuenca, Gloria Villareal

Dagdag, Ma. Cristina C.

Dalangin, Jeffrey D.

Dalisay, Marie Ann P.

Dalit, Edgar Sr., A.

Damasco, Elizabeth F.

Damole. Ted Adrian N.

Dasok, Juanito C.

Dasoy, Raymond Augustus

Datayan, Cecilia V.

David, Ma. Angela S.

David, Richard C.

David, Sheila T.

Estrada, Isabelita Q.

Dayao, Henrito

Dayuday, Jay-Andrewson B.

De Francia, Cecille M.

De Guzman, Ramel

De Guzman, Romeriza C.

De Leon, Rosemarie T.

De Leon, Ruella A.

De Paz, Ma. Victoria S.

Del Rosario-Imperial, Sheila R

Dela Cruz, Perlita L.

Dela Cruz, Rolando B.

Delas Alas, Samuel J.

Delgado, Maria Teresa B.

Delima, Rogene T.

Delos Reyes, Ma. Christina C.

Delos Santos, Edmar A.

Delos Santos, Michelle P.

Diabordo, Jocelyn N, Diana, Diana Lyn B.

Diesta, Bobby R.

Dimalanta, Julieta I.

Dionisio, Othello D.

Dizon, Melinda B.

Domagas, Gracia C.

Domingo, Amor S.B.

Duavis, Leonora

Dubongco, James Arthur T.

Ducay, Erlinda T.

Dulay, Sarah S.

Edon, Yolanda V.

Eduarte, Caridad B.

Eleazar, Alhissa Fernando

Emprese, Alicia O.

Emprese, Marcio Cyril O

Enciso, Sheila B.

Enero, Melinda

Enriquez, Allan C.

Espanol, Vida R.

Espinas, Anna Liza T.

Espinas, Corazon M.

Estaras, Edgar G.

Estaras, Elma E.

Estaras, Emerson E.

Evangelista, Maribel Corazon

Evangelista, Roberto B.

Fabe, Seny Fe

Falcon, Fe Lezzie A.

Fallaria, Emmanuel M.

Fariñas, Ezrael S.

Fariñas, Kris Ezekiel

Farinas, Raquel S.

Faustino, Ma. Elizabeth R.

Fausto, AJ Cristy Ian J.

Felix, Gianne Marie E.

Felix, Marilou E.

Fernandez, Joel

Ferreras, Ronald G.

Flores, Elvira E.

Floresta, Ferdinand A.

Floresta, Leila E.

Focbit, Lysevith C.

Foz, Anita A.

Francisco, Maria May G.

Fresnido, Emily Purita P.

Gabales, Delia B.

Gabriel, Lilibeth C.

Gacad, Lily B.

Gacad, Rogelio R.

Galabin, Gloria R.

Galang, Cristina M.

Gallardo, Richard B.

Gambalan, Ma. Susan

Garcia, Ariel DC.

Garcia, Josephine E.

Garcia, Mamerto I.

Gareza, Ronald M.

Gealan, Walter V.

Gleyo, Noel B.

Golong, Efren A.

Gonzales, Cristina Z.

Gonzales, Marcelo Jr., E.

Gonzales, Maria O.

Guerra, Mary Jane R.

Guro, Jalilah M.

Gutierrez, Irene T.

Gutierrez, Rodel SJ.

Gutierrez, Roger A.

Hebron, Chris Roland M.

Hipolito, Cesar C.

Hipolito, Henry B.

Humilde, Jeric C.

Igama, Cornelia A.

Ilagan, Amalia

Inciso, Susana G.

Ingente, Bernardo C.

Inocentes, Jacqueline C.

Intela, Jade

Ismael, Jazira M.

Isureña, Nolita L.

Jula, Bernievan C.

Juliano, Gloria M.

Juzgaya, Arnel

Katigbak, Ester R.

Labao, Marvin C.

Ladera, Edna D.

Lagan, Dante R.

Lagayan, Rhodelmelh D.

Laggui, Marissa C.

Lagoy, Jose S.

Landingin, Myrna J.

Laplana, Ulysses J.

Lappay, Joanna Grace A.

Lardizabal, Cathyrine B.

Laure, Gina Rose T.

Lazarra, Evelyn

Lee, Lilibeth G.

Legson, Imelda L.

Leonin, Raul M.

Libayan, Juanito G.

Limbo, Ruel C.

Linag, Cynthia M.

Lipnica, Evelyn N.

Lizada, Lynnie V.

Loja, Jessica P.

Lola, Imelda N.

Lomibao, Rosemarie S.

Lopez, Anicia P.

Lopez, Carmen C.

Lopez, Josefina M.

Lucman, Annisah D.

Macadindang, Zoraida O.

Macalincag, Norman C.

Macarasam, Rocma M.

Macasieb, Marizel O.

Macob, Marc Anthony

Madayag-Oandasan, Annabelle

Magdato, MarvinMagno, Liberty T.

Malagayo, Bernabe Jr., L.

Malagayo, Maricris G.

Mambuay, Anita F.

Manalaysay, Roland C.

Manjares, Alma

Manuel, Rosalia B.

Manzano, Elvie Z.

Mariano, Jihromarie S.

Mariano, Lucimar S.

Mariano, Romar S.

Marzan, Gloria A.

Mata, Letecia M.

Matias, Alfonso Jr., T.

Matic, Raymundo A.

Mendoza, Agnes B.

Mendoza, Kevin Jordan

Meraña, Mark Joseph D.

Mingoa, Lourdes V.

Mirontos, Vivian C.

Montano, Marian F. Monteiro, Manuel Montero, Gerryza R.

Montoya, Emelita L.

Morta, Lilet P.

Natino, Aron E. Navarro, Adeline G.

Naz, Alexandra M.

Nicolas, Sarah Jane P.

Oligario, Filipina G. Oligario, Joselito V. Oliveros, Althea R.

Osiana, Abraham F.

Osit, Preciosa C

Pabalan, Abie Joyce B. Pabalan, Rosalina B. Pacanza, Jayvee

Pacanza, Rebecca O.

Padilla, Helen G.

Padilla, Joy B.

Padilla, Maria Fides J.

Pamittan, Alma P.

Pamonag, Roger A.

Pandapatan, Lia Melcha

Panes, Josephine P.

Pangcoga, Monaliza P

Paragas, Roberto B.

Paras, Frederick L.

Parba, Raquel P.

Parial, Leonora C.

Pascua, Gerry A.

Pastolero, Joffrey B.

Pelagio, Gina P.

Peña, Larnie F.

Penales, Eulogio S.

Peralta, Hermogena

Peralta, Ma. Soledad

Perez, Ma. Lourdes M.

Perez, Ma. Susana G.

Perol, Jose Adrian Roger

Pinga, Edward E.

Ponio, Zenaida

Pulgar, Lucienne S.

Quiambao, Mary Ann M.

Quinan, Allegria D.

Quiñola, Charlyne P.

Quite, Norberto S.

Racal, Mary Jeane R.

Racimo, Aida

Racimo, Kier Radam, Mary Sobel D.

Ramos, Celestina G.

Recana, Myrell Angela M.

Regalado, Rosario R.

Remasog, Rommel L.

Republica, Rodel R.

Resuello, Jerry G.

Resurreccion, Dorothy C.

Retoma, Maria Rosario C.

Reveche, Ergene I.

Reveche, Raquel

Reyes, Leonora

Reyes, Orlando R.

Reyes, Ricardo A.

Rigo, Jocelyn B.

Rivera, Angel S.

Rodriguez, Alvin York R.

Rodriguez, Rhemarie O.

Rojas, Agnes U.

Roldan, Rosvale C.

Romen, Dominador J.

Romen, Vivencia G.

Romena, Maritess P.

Roque, Domingo

Roque, Imelda M.

Rosacay, Virgilio L.

Rosales, Lita M.

Rosario, Editha Y.

Abad Santos, Carlos O.

Abante, Jonie P.

Acsay-Reyes, Merla

Adina, Romana T.

Afable, Ma. Celerina

Agdeppa, Ines Liberty M.

Aldover, Lynne M.

Alecha, Lorelei C.

Alferez, Ester V.

Alfiler, Emmanuel A.

Amoroso, Edgar B.

Ancheta, Gregoria E.

Ancheta, Tita V.

Ang, Johnny R.

Angeles, Marisse C.

Antonio, Janice S.

Apostol, Genara G.

Aquino, Edwin B.

Aragoncillo, Erlinda E.

Austria, Catalina T.

Baltazar, Carol Christine

Bayquen, Paterno

Benosa, Maria Lourdes B.

Bolina, Jaime B.

Bonilla, Violeta M.

Bueno, Rodolfo Bernardo

Cabueños, Tomas Jr. A.

Caminong, Katherine A.

Cando, Arlene S.

Cansanay, Consolacion

DARMPC Regular Members

Rualo-Bello, Ma. Patricia P.

Rubio, Maura P.

Saculles, Charen Beryl T.

Salacup, Castor F.

Salayog, Monica Editha L.

Sales, Rosalyn R.

Salinda, Ma. Rowena G.

Saludsong, Rowena G.

Sanchez, Antonio B.

Sanchez, Milagrosa V.

Santiago, Adelia S.

Santiago, Robert M.

Santos, Angelica S.

Santos, Edgardo Jr., P.

Santos. Ma. Luisa E.

Sarvida, Josephine P.

Sarvida, Vicente B.

Sarvida, Virgilio B.

Sasi, Florence A.

Seguirre, Fernando

Serrano, Susana R.

Servado, Theresa R.

Sesalim, Kristine Antonette

Sevillano, Victoria

Castañares, Araceli J.

Castillo, Angelito G.

Castillo, Monina G.

Cendaña, Luzviminda

Cielo, Wilma M.

Clemente, Olga M.

Codia, Ines L.

Contreras, Merlie R.

Cordero, Adela C.

Corpus, Florencia B.

Corpuz, Corazon S.

Cruz, Baltazar T.

Cruz, Helen C.

Damole-Canales, Letecia

Dasok, Juanito C.

David, Ruth C.

Daypuyat, Teodora V.

De Las Alas, Samuel J.

De Ocampo, Reymart A.

Del Socorro, Myrna O.

Dela Cruz, Cecilia F.

Dela Cruz, Nenita A.

Dela Cruz, Romeo Z.

Dela Cruz, Virgilia I.

Dela Torre, Rosa I.

Dizon, Melinda B.

Domingo, Araceli C.

Escarcha, Shirley E.

Esmade, Araceli C.

Espinas, Lina B.

Silvano, Lolita A.

Simbulan, Erano C.

Sindac, Reuben Theodore

Sineneng, Ma. Luisa G.

Sinlao, Eric T.

Sinlao, Marta Analie B.

Soriaga, Laida May P.

Soriano, Nelia S.

Sta Barbara, Lina M.

Suan, Maribel R.

Sumatra, Geraldine S.

Sumatra, Joey G.

Sumogba, Enrique

Sunga, Ricky P.

Tabago, Jocelyn F.

Tabayoyong, Estrella Jona B.

Tabut, Glenda Martha F.

Tacata, Reynante U.

Tacneng, Nora H.

Taguinod, Gloria V.

Tam, Maria Celestina M.

Tamba, Jesery D.

Tan, Jarrid Paul J.

Evangelista, Roberto B.

Fabricante, Marissa N.

Fabros, Marie Procelyn

Faigao, Marnie C.

Fran, Julieta C.

Gabalfin, Adeliza F.

Gabalfin, Razhel A.

Gadrinab, Francis B.

Gamboa, Ricardo

Garrero, Zenaida M.

Gonzales, Joan DC.

Guerrero, George G.

Habel, Junamil C.

Habel, Milagros C.

Hayahay, Leonilyn M.

Heredia, Mary Luvie E.

Ibay, Federico C.

Ilagan, Betty V.

Ilagan, Blyth V.

Isureña, Nolita L.

Jawali, Erlinda B.

Ladao, Leroy B.

Lagao, Felicisimo G.

Landicho, Teresita P.

Lappay, Marnida A.

Lat, Elizabeth R.

Laurena, Petronila DR.

Legaspi, Gloria A.

Leones, Susana E.

Leonin, Digna M.

Tanjili, Rickelson J.

Tano, Ronie J.

Tapel, Gerardo D.

Tapel, Ma. Victoria S.

Tenorio, Lenie

Tiaga, Elmer T.

Tierra, Estelita

TIERRA, NEREO T.

Timbas, Maria Leonora C.

Timbas, Resty S.

Tonogbanua, Angelita D.

Torio, Rollo D.

Torre, Jonna Mae E.

Trinidad, Annie M.

Tuazon, Homer

Tuzon, Eva Benita A.

Uson, Jon Jon A.

Valdez, Carolina T.

Valdez, Tony P..

Valenzuela, Angelica B.

Valenzuela, Ruth R.

Valeroso, Jo-Anne O.

Valle, Andrew P.

Lisondra, Leo V.

Lizada, Lynnie V.

Llegado, Lydia U.

Lorenzo, Rosalinda P.

Macadini, Milagros A.

Macalino, Emilio I.

Malonzo, Divinaflor R.

Mambuay, Faisar A.

Manahan, Nelia I.

Manuel, Felipa M.

Manulat, Flordelina C.

Manzano, Elvie Z.

Marzo, Marissa M.

Mata, Leticia M.

Mendoza, Kevin Jordan

Mendoza, Perpetuo P.

Mirasol Lily K.

Montaño, Marian F.

Montines, Karla Venice

Morales, Maria Lorna E.

Moran, Arlene P.

Nery, Lucila H.

Ngalatan, Juahmah DR.

Nicolas, Lilia A.

Oquendo, Josefina

Orogo, Virginia

Padilla, Emily

Padilla, Helen G.

Pagulong, Carmela O.

Pailden, Fleda A.

Valley, Daniel M

VARGAS, JOSELYN C.

Vasquez, Rowena M.

Velarde, Gina V.

Velasquez, Lilibeth F.

Velez, Aiza L.

Vibar, Irene C.

Victoria, Valentino J.

Villanueva, Maria Veronica

Villareal, Leomides R.

Vinarao, Ludivina L.

Visitacion, Mydee V.

Wabel, Lino

Yu, Robert Anthony P.

Zoleta, Maria Concepcion G.

Pamplona, Dominga S.

Panlilio, Teresita L.

Pebrada, Marnie O.

Penson, Leny A.

Perol, Jose Adrian Roger S.

Pertierra, Josefina E.

Planta, Josephine A.

Ponio, Zenaida P.

Pulmano, Estela P.

Quijano, Flora L.

Quite, Norberto S.

Ramos, Jesusa L.

Ramos, Liwliwa R.

Ranara, Ma.Lourdes G.

Respicio, Corazon C.

Reyes, Cristita B.

Reyes, Erlinda C.

Reyes, Lorenzo R.

Reynacido, Purita R.

Ringor, Rogelia D.

Rivera, Dulcie

Rivera, Sulpicio M.

Romines, Herminio T.

Royo, Erlinda D.

Rualo-Bello, Ma. Patricia P.

Ruiz, Jeremiah S.

Salayog, Monica Editha L.

Saloma, Cherry C.

Salvo, Erlindo P.

Samlani, Remar D..

Sanidad, Delia P.

Sanidad, Napoleon C.

Santos, Saturnina H.

Selva, Romeo S.

Selva, Wilfredo S.

Serna, Belinda C.

Sesalim, Kristine Antonette B.

Silvano, Lolita A.

Soliva, Jose

Somogat, Remegio O.

Sucuangco, Frederick B.

Torralba, Priscila Evelyn M.

Tribiana, Ofelia E.

Valdez, Carolina T.

Valencia, Hernane G.

Valentino, Ernesto C.

Vargas, Nenita Wella A.

Vasquez, Ma. Malena

Velez, Aiza L.

Villaverde, Loreto B.

Villegas, Susana P.

Vinoya, Thelma

Viola, Felicisima M.

Ylagan, Jonathan D.

Ylagan, Neriza G.

Zapata, Gloria J.

Associate Members

DARMPC

Abiog, Christine M.

Abiog, Mary Jane B.

Abiog-Respicio, Julie M.

Ablaza, Marietta

Afable, Francisco L.

Agasang, Daniel Y.

Aguinaldo, Jaylean A.

Alejandro, Ava Rebecca V.

Alejandro, Ma. Venida V.

Aliser, Carmela C.

Almodal, Inna Isabel T.

Aloria, Jhon Vanedolf M.

Ancheta, Marlene S.

Antonio, Diana Rose T.

Apolinar, Reynolito P.

Aransanzo, Nancy C.

Arca, Baby Lyn M.

Artificio, Marites P.

Arzaga, Nenette Novelline I

Asas, Clarence Edward F.

Asas, Lyndon Edward F.

Asquilon, Jose Jiffy A.

Asuncion, Rosana C.

Atacador, Charisse

Aujero, Geline F.

Bacalso, Lilia A.

Bacason, Leizel V.

Baldevia, Jose A.

Balonzo, Flores C.

Balonzo, Grace

Baluyot, Jovita P.

Baniaga, Eden B.

Banzuela, Jose Edgar

Barandino, Alberto L.

Barbanida, Jennifer S.

Barrantes, Dennis Nicolas

Barrera, Rea Lynn P.

Baul, Elenita R.

Bautista, Redor B.

Baylon, Ana Katrina

Bayquen, Bernard Lester P.

Bernabe, Agnes V.

Blanco, Christian A.

Briones, Gonzalo E.

Buenaventura, Phyllis T.

Bulgado, Jeffrey U.

Cabacang, Aurora N.

Cabangon, Nerissa

Cabatu, Gwyneth Danielle Q.

Cabatu, Lorea Noelle Q.

Cagungun, Myra A.

Cahilig, Efren D.

Calingasan, Hannah Eunice G.

Calla, Mierandy R.

Camacam, Teodolfo T.

Cando, Alrik Turi S.

Capistrano, Lucille G.

Capitulo, Luzviminda B.

Cataggatan, Edison C.

Cataggatan, Socorro A.

Cesar, Maria Edna S.

Coloquio, Luz G.

Coloquio, Zenido N.

Comediam, Marilyn S.

Cortez, Zane Andrei M.

Cuaresma, Estelita M.

Cuenca, Gloria V.

Cuestas, Corazon M.

Dayuday, Jay-Andrewson B.

De Guzman, Evelyn B.

De Guzman, Fritz Jaques V.

De Guzman, Lorenzo R.

De Guzman, Maria Anunciacion

De Guzman, Mea B.

De Guzman, Ramel DC.

De Paz, Belinda A.

De Paz, Elma A.

De Paz, Felvie

Decoriña, Ryan G.

Dela Cruz, Perlita L.

Delos Santos, Edmar A.

Delos Santos, Michelle P.

Diabordo, Jocelyn N.

Domingo, Conchita M.

Duavis, Leonora B.

Eduarte, Caridad B.

Egana, Christine G.

Eleazar, Alhissa F.

Eleazar, Christ John F.

Emprese, Marcio Cyril O.

Enero, Melinda V.

Enriquez, Allan C.

Españo, Krisandra B.

Estaras, Edgar G.

Estaras, Elma E.

Estaras, Emerson E.

Estrada, Francisca V.

Evangelista, M.Corazon A.

Falucho, Dovalier M.

Fariñas, Ezrael S.

Fariñas, Kris Ezekiel

Fariñas, Raquel S.

Fernandez, Joel B.

Fernandez, Wedge T.

Fernando, Isabelle Aira

Ferreras, Ronald G.

Flores, Elvira F.

Flores, Marissa R.

Focbit, Lysevith C.

Francisco, Maria May G.

Frias, Febe C.

Frias, Jose Nixon

Gabales, Anna Sophia B.

Gabriel, Lilibeth C.

Gacad, Rogelio R.

Gacal, Jenebel B.

Galabin, Gloria R.

Gallo, Kristy Love O.

Galvan, Myrna L.

Garcia, Josephine E.

Garcia, Mamerto I.

Giray, Thrixie P.

Gohel, Brushell

Goleng, Gefelyn A.

Golong, Efren A.

Gonzales, Maria O.

Gonzales, Wivina B.

Guerra, Johnrey O.

Guerra, Mary Jane R.

Gurra, Maricel J.

Gutierrez, Arlene Q.

Hilario, Luz S.

Humilde, Jeric C.

Ilagan, Amalia F.

Inciso, Susana G.

Inocentes, Jacqueline C.

Inocentes, Jean C.

Intela, Jade M.

Ismael, Mona Farrah M.

Josef, Klara May

Lacap, Jeanny Ann Marie

Lacson, Raginnie S.

Laggui, Marissa C.

Lalongisip, Rodolfo V.

Lambarte, Mary Grace

Lappay, Joanna Grace A.

Lasmarias, Jezza L.

Lavilla, Trisha Mae H.

Laxamana, Ihvy D.

Lazarra, Evelyn B.

Legson, Imelda L.

Leonardo, Czarina Katherine

Lipnica, Evelyn N.

Llegado, Angelina A.

Loja, Jessica

Lola, Imelda N.

Lopez, Carmen DC.

Lucero, Corazon C.

Mabanta, Dominador A.

Magdato, Marvin P.

Malagayo, Maricris G.

Mallillin, Arnel A.

Mallillin, Merced P.

Maningas, Romeo C.

Manjares, Alma G.

Mariano, Jihromarie S.

Mariano, Lucimar S.

Mariano, Romar S.

Matalicia, Vergie U.

Mayano, Ruel P.

Medel, Veneranda C.

Melendres, Jayvie V.

Mendaros, Alma Cruz

Meraña, Mark Joseph

Millamina, Rizza A.

Mimpin, Honeyleth D.

Mirontos, Vivian C.

Monteiro, Manuel R.

Musni, Shiela Marie

Natino, Aron E.

Navarro, Adeline G.

Nazarrea, Ginalyn B.

Ocampo, Susan V.

Oligario, Marc Paul

Omboy, Maricel A.

Ordoño, Marvi M.

Orquia, John Paul B.

Osit, Gerald Adrian C.

Osit, Merlando A.

Pabalan, Abie Joyce B.

Pacanza, Jayvee

Padilla, Hanna Frances G.

Pakingan, Jecelyn E.

Palenzuela, Arlene G.

Pamonag, Roger A.

Panes, Josephine P.

Panes, Maria Gene P.

Pascua, Nilda E.

Pastolero, Joffrey B.

Pastor, Angelita F.

Pelagio, Gina P.

Penales, Eulogio S.

Racal, Mary Jeane R.

Racimo, Adrian L.

Racimo, Keanu L.

Racimo, Kier

Ramirez, Lenette V.

Ramiro, Jesus U.

Refil, Catherine E.

Remasog, Rommel L.

Retoma, Maria Rosario C.

Reyes, Orlando R.

Rigo, Jocelyn B.

Rocabo, Sharina T.

Rodriguez, Rhemarie O.

Romena, Maritess P.

Roque, Brian Angelo B.

Roque, Imelda M.

Sales, Rosalyn

San Miguel, Marilyn A.

Sario, Alma R.

Seguirre, Fernando S.

Serrano, Girlie S.

Servado, David Carlos R.

Sevilleno, Jude Louie

Simbulan, Erano C.

Sinlao, Eric T.

Sinlao, Ralph Gabriel B. Suetos, Gil S.

Sulani, Ar Rafi D.

Sulani, Romel S.

Sulani, Yolanda D.

Sunga, Diego N.

Tamba, Jesery DS.

Tambaoan, Jonathan T.

Tan, Jarrid Paul J.

Tano, Ronie J.

Tierra, Belinda N.

Tierra, Neil Eloven

Timbas, Maria Leonora C.

Tolentino, Ronaldo V.

Torre, Jonna Mae E.

Uson, Jon Jon A.

Uson, Joseph A.

Valerio, Bienvenido C.

Valeroso, Jo-Anne O.

Vargas, Joselyn C.

Vasquez, Maria Laurena M.

Velarde, Gillian V.

Velasquez, Lilibeth F.

Viernes, Ma. Elena L.

Villanueva, Maria Veronica

Villa-Venancio, Frauline M.

Zabalo, Menandro S.

Zamora, Luzmivinda C.

The DARMPC Management & Staff

General Manager: Josephine P. Panes

Supervisor: Arlene S. Cando

Canteen

Luz G. Coloquio

Elma E. Estaras

Jocelyn N, Diabordo

Zenido N. Cologquio

Carmen C. Lopez

Gloria V. Cuenca

Rogelio R. Gacad

Lilibeth Gabriel

Roni A. Tano

Lending

Jon A. Uson

Mary Jane R. Guerra

Rea Lynn P. Barrera

Aron E. Natino

Abie Joyce B. Pabalan

Carmela Aliser