Alabang Country Club, Inc. : Home

Teasurer's Report

The year 2006 saw a positive shift in your Club's financial performance as we reported a positive bottom-line of P2.616 million from last year's negative result of P2.975 million, an improvement of P500.00 in March absorbed the decline in the major revenue generating units as well as the increase in cost and expenses. We note however, noticeable improvement in the following revenue contributors:

(In millions pesos)	2006	2005	CHANGE
Food and Beverage	Php 9.6	Php 6.8	Php 2.9
Surcharge	Php 1.5	Php 0.9	Php 0.6
Other Concessionaires	Php 1.7	Php 1.2	Php 0.5
Beauty Parlor/Barber Shop	Php 4.2	Php 3.8	Php 0.4
Gasoline Station	Php 3.7	Php 3.5	Php 0.2

The Club's gross revenues, which include the Membership Dues and assesment, increase to P138.8 million from P131.0 million in 2005. Membership dues and assessment increased to P70.3 million from last year's P56.9 million as a result of the additional P500 in monthly dues effective March 2006, while Operating Revenue decreased to P68.5 million from last year's P74.0 miillion, a minimal increase of P2.2 million or 1.6%. Shown below is the highlight of 2006 revenue and expense, with cooperative figures for 2005:

HIGHLIGHT OF REVENUE AND

EXPENSES FOR CY 2006

WITH COMPARATIVE

FIGURES FOR CY 2005

As your finances Committee focused on raising revenue to meet the club expenditures necessary to provide satifactory services and adequate facilities to ensure enjoyment and satisfaction of the membership, certain events affected the Operating Revenue of the Club.

		2006 Peso		2005 Peso
	(Million)	%	(Million)	%
Operating Revenues	68.5	49	74.0	57
Monthly Dues & Assesments	70.3	51	56.9	43
Total Revenues	138.8	100	131.0	100
Salaries, Wages & Fees	39.7	29	45.3	35
Other Departmental Expenses	96.4	69	88.6	68
Total Costs and Expenses	136.2	98	133.9	102
Excess (Deficiency)	2.616	2	(2.975	(2)