GOCC Disclosure

The Republic Act No. 10149, the GOCC Governance Act of 2011, seeks to bolster the financial viability and fiscal discipline of government-owned and -controlled corporations (GOCCs) to ensure that they efficiently deliver their services and adequately respond to the various requirements of the general public. The Act also seeks to strengthen the role of the government in managing the GOCCs.

A critical component in the achievement of these objectives is the disclosure requirements for GOCCs stipulated in Section 25 of the Act. The section requires all GOCCs, including PSALM Corporation, to maintain a web site that will contain, among other items, their latest annual audited financial and performance report; audited financial statements in the past five years; current corporate operating budget; complete compensation package of all board members and officers, including travel, representation, transportation, and any other form of expenses or allowances; local and foreign borrowings, including loans guaranteed by the government and government subsidies; and performance scorecards and strategy maps.

The disclosure requirements will allow the government to closely monitor the operations of the GOCCs to ensure that pertinent assets and resources are used efficiently; that liabilities, including subsidies, are prudently incurred; and that all activities and services are conducted and implemented in a transparent, professional and responsible manner.

Corporate Governance Requirements

  1. Institutional Matters
  2. On Board and Officers:
  3. Financial and Operational Matters
    • Annual Audited FS and Corporate Accomplishment Report
      -  Statement of Independent Auditor's Report  
                2019  I   2018  I   2017  I   2016  I   2015
      -  Statement of Financial Position  
      2nd Qtr 2020I 2019  I   2018  I   2017  I   2016  I   2015
      -  Statement of Financial Performance  
      2nd Qtr 2020I2019  I   2018  I   2017  I   2016  I   2015
      -  Statement of Cash Flows  
      2nd Qtr 2020I2019  I   2018  I   2017  I   2016  I   2015
      -  Statement of Changes in Equity  
      2nd Qtr 2020I2019  I   2018  I   2017  I   2016  I   2015
      -  Statement of Comparison of Budget and Actual Amount  
                2019  I   2018  I   2017  I   2016  I   2015
      -  Notes to Financial Statement  
                2019  I   2018  I   2017  I   2016  I   2015
        2015 Global Reporting Index 2015
      -  Statement of Management's Responsibility  
                2019  I   2018  I   2017  I   2016  I   2015
      -  Release Date  
                2019  I   2018  I   2017  I   2016  I   2015
      -  Corporate Accomplishment Report  
                2019  I   2018  I   2017  I   2016  I   2015
      -  Statement of Compliance with Corporate Governance  
                2019  I   2018  I   2017  I   2016  I   2015
    • Quarterly Reports and Trial Balance
      • Financial Statements
          -  1st Quarter
                    2019  I   2018  I   2017  I   2016  I   2015

          -  2nd Quarter
          2nd Qtr 2020I2019  I   2018  I   2017  I   2016  I   2015
          -  3rd Quarter
                    2019  I   2018  I   2017  I   2016  I   2015
          -  4th Quarter
                    2018   I   2017  I   2016  I   2015
      • Trial Balance
          -  1st Quarter
                    2019  I   2018  I   2017  I   2016  I   2015
          -  2nd Quarter
                    2019  I   2018  I   2017  I   2016  I   2015
          -  3rd Quarter
                    2019  I   2018  I   2017  I   2016  I   2015
          -  4th Quarter
                    2018  I   2017  I   2016  I   2015
      • Financial Statements
      • Corporate Accomplishment Report
    • Corporate Operating Budget
    • Local and Foreign Borrowings
    • Government Subsidies and Net Lending
    • Borrowings Guaranteed by the Government
    • Risk Factors and Risk Management
      • ERM System
      • Significant Risks Exposure to PSALM
      • 2019  I   2018  I   2017  I   2016  I   2015  I   2014
      • AuditCom Report on the Adequacy of PSALM's Material Controls / Risk Management Systems
      • 2019  I   2018  I   2015  I   2014
    • Performance Evaluation System
  4. On PSALM's Governance Matters: