2011 cpa annual report

Vision

To become a world-class port that is financially sound, economically profitable and self-sustaining with the passion to deliver safe, efficient and effective port services, responsible environmental stewardship, exemplary public service, and promoting regional commerce through the port.

Mission

To build, operate and maintain ports under its network and implement an integrated management systems aligned with internationally accepted standards and practices for operations, planning and development of ports within its territorial jurisdiction enhancing trade and commerce.

Table of ContentsGeneral Manager’s Message

Onward to IsO 9001 and 14001

Good Governance Through Improved services

strengthened Feedback Mechanism

Port Infrastructure

strengthening Ties with Local Chief Executives

Touching Base with CPA Port Facilities

Bringing Cebu Port to the World

CIP and Domestic Baseport comply international standards

Keeping the port safe and secure

19th Founding Anniversary

Management & Employees: Fostering an Enduring Harmonious Relationship

Port statistics

Finacial Reports

Cebu Port Commission

3

4

5

6

7

10

12

14

14

15

16

17

18

20

29

2 CPA Annual Report 2011

messageGeneral Manager’s

To our valued port stakeholders and users, clients, colleagues in the maritime industry, my fellow employees in the Cebu Port Authority and the honorable members of the Cebu Port Commission, I wish you all a prosperous New

Year!

As we look ahead to the year 2012, we also take the time, through this Annual Report, to look back to the CPA Vision and Mission and reflect not only on the prospects for the year ahead but also on our performance this year 2011.

How did the Authority fare in terms of its goals and targets, its plans and programs? Was it able to achieve its mission? Did it fulfill its vision? Did it stay true to its commitments?

Now relatively older and wiser, the Authority is ever breaking new grounds and constantly exploring new possibilities in reclaiming its rightful place in the Philippine Maritime Industry as a premier port in the country, second only to Manila not only in terms of operational efficiency but more importantly in terms of public service and accountability.

Identified as one of the major ports by the Economic Research Institute for ASEAN and East Asia (ERIA) in its report in 2010, “The Comprehensive Asia Development Plan,” this has confirmed that we are the HUB Port to be reckoned with in the future.

Cebu has all the reasons to be “THE” port of the future:

1. We are strategically located, center of center;2. We have a well-motivated and highly-skilled port administration personnel;3. We have well-equipped and highly-skilled Cargo Handling Service Providers (CHSPs); and4. We have the international portals such as communications, air travel, economic zones, consular links, financial institutions

and others.

However, the Authority lacks in two other equally important factors, infrastructure and the internationally competitive tariff rates.

We are fast-tracking the construction of the New Cebu Port to be located in the Consolacion-Liloan corridor and we are conducting an intensive research and due diligence on the tariff rates of our neighboring ports in the ASEAN and other relevant ports in Asia.

Lastly, let me thank each and every one of our stakeholders, colleagues and co-workers for their understanding and wholehearted support to this current dispensation and last, but not the least, to my esteemed colleagues in the Cebu Port Commission, for their ever present support to management.

The following pages will now illustrate in detail the Authority’s performance for the year 2011. Again, thank you very much!

ENGR. DENNIS R. VILLAMOR, CEO VIVice Chairman, Cebu Port Commission &General Manager, Cebu Port Authority

3CPA Annual Report 2011

The Cebu Port Authority finally mounted the saddle to go the first mile towards ISO Certification in the fields of Quality Management System (ISO 9001)

and Environmental Management Systems (ISO 14001).

On March 11, 2011, the Authority launched the Integrated Management system based on IsO 9001 and ISO 14001 for the CPA Main Office.

Spearheaded by a Steering Committee composed of officers and employees from different CPA departments, this endeavor is embarked in line with the CPA’s aim to be more responsive to the needs of its port users and employees.

The Quality Management System (ISO 9001) is geared towards developing, implementing and improving the effectiveness of the services and processes being performed by CPA’s organizational components (i.e.units, divisions and departments) to enhance customer satisfaction.

The Environmental Management System (ISO 14001), on the other hand, guides the Authority in the establishment, implementation, maintenance and improvement of its own environmental management system. It also aims to develop or enhance its environmental policy, setting its environmental objective and targets and determining the effectiveness of its approach in maintaining compliance with applicable legal requirements.

To date, IsO consultants are conducting gap analysis with the Steering Committee and comprehensive trainings which include organizational process review and identification of responsibilities needed to achieve the IMS objectives.

The future sees a series of trainings for non-key personnel, documentation processes, IMs planning, IMs implementation and control, internal audit and management review and certification process.

According to IMs representative Oscar J. Lopez, who is also CPA’s port police (PSSED) manager and acting operations (PMD) manager, the resulting understanding to all of these activities is projected to contribute to the overall involvement of everybody in the development and implementation of the CPA Integrated Management system which will include its partners both in the public and private sector.

“This is an important cornerstone and platform for the CPA organization, because we believe that the best way to predict the future of CPA is to create it,” Lopez said.

CASCADING. The CPA Internal Management System (IMS) Team held a series of orientation meetings with the different sectors of port users to cascade the standard procedures involved in the different transactions and processes at the Cebu Port.

The IMS Team surveys port backyard in preparation for ISO 14001.

Port Security, Safety & Environment Dept. (PSSED) and Port Management Department (PMD) manager Oscar J. Lopez, who also heads the CPA’s IMS Steering Committee, launches the Authority’s IMS undertaking on March 11, 2011.

The IMS Steering Committee members composed of representatives from the different departments and divisions are tasked to make in-depth analysis of CPA organizational structure, processes, channels of communication and existing interfaces which would then be followed by the drafting of standard procedures involved in each process.

Onward to Iso 9001 and 14001


Full Implementation of Accessibility Law and Senior Citizens’ Act

Priority seats for passengers who need Special Assistance

Larger and More Convenient Pre-Departure Area for passengers

Available baggage trolleys

Designation of Taxi Lanes for arriving passengers

Free Wi-fi Access in all Passenger Terminals

Available wheel

chairs and umbrellas


Good Governance Through Improved Services

Improved Passenger Terminal Services

Strengthened Feedback Mechanism

CPA Official Facebook Account

CPA Official Twitter Account

CPA Official Website


Strengthened Feedback Mechanism

CPA Official Facebook Account

Breakdown of Infrastructure Projects Completed In 2011

Rehabilitation of existing quaywall and extension of r.c. deck with roro ramp at Berth 19, Cebu Baseport

Improved Port Facilities

Port Infrastructure

Repair of damaged port facilities at port of Sta. Rosa, Olango

Repair of damaged port facilities at Port of Sta. Fe, Cebu

Dredging of berthing areas, port of Polambato, Bogo City, Cebu

Installation of rubber deck fenders at berth 8, Cebu Baseport

Repair of road pavement at First Street, Cebu Baseport

Repair of damaged road pavement at Sulpicio Go Street, Cebu Baseport

Repair of access road at Pier 1, Cebu Baseport Repair of road pavement @ 2nd Street and E.S. Baclig Avenue, Cebu Baseport


Improved Passenger Terminal Buildings

Repair and renovation of Passenger Terminal 2, Pier 3,

Cebu Baseport

Repair of damaged port facilities at Port of Sta. Rosa, Olango


Improvement of Catwalks/Covered Walks

Repair of damaged port facilities at Port of Sta. Fe, CebuRepair of damaged port facilities at Port of Sta. Rosa, Olango, Cebu

Drainage Systems Maintenance


Part of CPA’s thrust for the year was to connect with local government units to keep abreast with the latest port

developments in the municipalities. spearheaded by General Manager Dennis Villamor, CPA embarked on a series of port visits in southwest Cebu to discuss with local chief executives ideas on how to better provide port users in their respective towns with the needed port facilities and support services.

Argao

CPA GM Dennis Villamor (leftmost) discusses with Cebu Gov. Gwen Garcia (center) and Dumanjug Mayor Nelson Garcia (rightmost), who also heads the League of Municipalities of the Philippines – Cebu Chapter, updates on the development of proposed new Cebu International Port.

Argao Mayor Edsel Galeos pose with CPA officers and employees at his office.

Argao Mayor Edsel Galeos welcomes CPA officers and employees during CPA’s visit to Argao in October 2011. (L-R: GM Dennis Villamor, Argao Mayor Edsel Galeos, Acting Deputy GM Atty. Yusop Uckung, MISD-OIC Atty. Karen Gonzales, ESD Division Manager Sofronio Magdadaro and ESD Utilities Head Romeo Sevilla)

Strengthening Ties with Local Chief Executives

AT THE CAPITOL. In October 2011, GM Dennis Villamor with Cebu Port Commisssion and CPA department heads paid Cebu Gov. Gwendolyn Garcia a visit at the Cebu Capitol to discuss the prospective new Cebu International Port in Consolacion, Cebu. The meeting was also an opportunity for the governor and port officials to consult with each other on the development plans of the Port of Maya in Daan Bantayan, Cebu.


Moalboal

Ronda

After visiting Ronda, GM Villamor and company went farther south and visited

Moalboal Mayor Inocentes Cabaron (in black shirt) to discuss new port developments in the municipality. (L-R in top photo: ESD Manager Mario Tan, GM Dennis Villamor, Ronda Mayor Mariano Blanco III, PMO9 Manager Claro Cagigas, PSSED/PMD Manager Oscar Lopez and Moalboal Mayor Inocentes Cabaron)

GM Dennis Villamor and Ronda Mayor Mariano Blanco III, together with CPA department heads, make an ocular visit of the municipal port in Ronda on September 20, 2011.

Ronda Mayor Mariano Blanco III (rightmost) receives (L-R) CPA Deputy GM Yusop Uckung, GM Dennis Villamor and Engineering Dept. Manager Mario Tan at his office in the Municipal Hall of Ronda.

CPA officers listen as Ronda Mayor Mariano Blanco III and Moalboal Mayor Inocentes Cabaron brief them on economic developments in the towns southwest of Cebu province.


Touching Base with CPA Port Facilities

What better way to appreciate the status of the different CPA-operated ports than

to know first-hand the respective conditions of their port facilities. The year 2011 saw the continued efforts of CPA in improving the delivery of port-related services. Geared toward this end, the management team conducted an ocular inspection of the passenger terminals at the Baseport and the port facilities located in Punta Engaño in Lapu-Lapu City, sta. Rosa in Olango Island, Taloot in Argao and Tangil in Dumanjug.

Port of Punta Engaño, Lapu-Lapu City

Port of Sta. Rosa, Olango

The Port of Punta Engaño serves as a gateway for local residents as well as tourists who travel to and from Olango Island. At the backdrop towers the Moevenpick Hotel, a five-star beachfront resort in Lapu-Lapu City.

GM Villamor and engineering services manager Engr. Mario Tan (second from right) survey the CPA outlet office and passenger terminal in Punta Engaño, Lapu-Lapu City.

The management’s Executive Committee composed of CPA department heads,

along with engineering officers and port managers, crossed the Hilutungan Channel to inspect the port facilities in place at the sta. Rosa port. Among them was the newly completed covered walk and the renovated passenger terminal.

Engr. Sofronio Magdadaro (left) and Engr. Mario Tan (right), ESD construction and maintenance division manager and department manager, respectively, show the members of the ExeCom around the refurbished passenger terminal in Sta. rosa.


Taloot Causeway, Argao

Port of Tangil, Dumanjug

On May 10, 2011, ExeCom officers visted the CPA-operated port facility in Taloot, Argao. Developed in 2007, the port is complete with a 125-seater passenger

terminal, collection office, covered walk, a spacious back-up and parking space and a RoRo ramp that receives an average of 62 shipcalls in a month. With a total area of 3,562 square meters, the Taloot port boasts of a 2,932-square meter backup area. It is equipped with a RoRo ramp of 420 square meters, a berthing length of 42 square meters and a draft of six to eight meters at mean low-low water.

On september 20, 2011, the CPA management team made an ocular inspection of the port facility in southern town of Tangil in Dumanjug. Apart

from a few repair works that need to be done inside the terminal, the 3,000-square meter port was in tip-top shape as it continues to cater to conventional and roro cargoes and passengers traveling to and from the neighboring city of Gihulngan, Negros Oriental.


Bringing Cebu Port to the World

CIP and Domestic Baseport Comply International standards

Recognizing the need for maintaining international linkages in the changing face of global competition, the Cebu Port Authority

gains strength in development and marketing with its continued participation in the Association of south East Asian Nations (ASEAN) Maritime Transport Working Group and in the International Network of Affiliated Ports (INAP).

The Island of Cebu, being connected to singapore, Hongkong, Taiwan, Vietnam, Malaysia, and Indonesia, is instrumental in facilitating the inflow of bulk cargoes such as soybeans and rice, industrial products such as tires and hardware, as well as the outflow of furniture and garments.

The INAP is composed of its founding members, namely, the Port of Colombo in sri Lanka, Port of Kochi in Japan, Port of Qingdao in China, Port of Subic Bay

The CPA sent representatives to the 21st ASEAN Maritime Transport Facilitation Meeting in Kota Kinabalu, Sabah, Malaysia on March 1-3, 2011. (From L-R : CPA Executive Asst. Lorna Jordan, Arsenio Lingad of MARINA and Acting Deputy GM Atty. Yusop J. Uckung.

CPA delegation to the 21st ASEAN Transport Facilitation Working Group Meeting (from L-R): Engr. Mario G. Tan, Mr. Glenn B. Castillo, Atty. Yusop J. Uckung, Ms. Amor R. Mancelita, and Atty. Karen Q. Gonzales

CPA Executive Assistant Lorna T. Jordan participates in the plenary session of the 21st ASEAN MTWG Meeting in Kota Kinabalu, Sabah, Malaysia.

Port of Cebu‘s Engr. Mario Tan chairs the meeting of member ports during the 2011 INAP Conference

An international port should be compliant with the International ship and of Port Facilities (ISPS) Code in order to entice foreign vessels

to dock. On the other hand, domestic ports need also to be compliant with the National security Programme for sea Transport and Maritime Infrastructure, which is the domestic counterpart of the IsPs Code in terms

of security standards for vessels and port facilities. The Port Facility Security Plans need to be approved by the Office for Transportation Security (OTS), an office tasked to supervise security measures in land, water and air transport.

In the case of the Cebu International Port (CIP) and the Cebu Baseport Domestic, port users are assured of their security after the security audit conducted by the OTs Audit Team on June 29-30, 2011 had found the security measures at the Port of Cebu compliant with the international and domestic standards.

Consequently, the CIP and the Baseport Domestic Zone were recently issued with its respective statements of Compliance of a Port Facility by the OTS.The Compliance Certificate for the CIP was issued on August 8, 2011, which is valid for five years or until July 7, 2016.

As regards the Domestic Zone, the Compliance Certificate is valid for three years, from July 28, 2011 to July 27, 2014.

OTS audit team observes the system of ingress and egress of passengers at the Baseport passenger terminals.

in the Philippines, Mokpo New Port in south Korea, and Port of Tanjung Perak in Indonesia. The CPA enlisted as a member port in 2000, while Mokpo New Port joined in 2007


Keeping the Port safe and secure

The Philippine Coast Guard (PCG), Regional Maritime Office 7, Philippine National Police and Philippine Army reservists coordinated with the CPA port police for a smooth flow of the fluvial parade.

Help desks are stationed in strategic areas at the baseport to provide immediate assistance to port users.

Trained canines were dispatched to assist the port police in detecting contraband that are brought in and out of the port.

CPA Management Team observes readiness of Baseport passenger terminals for the expected passenger influx on Kalag-Kalag (All Souls’Day) long holiday

Oplans for the Year 2011

Operational Plans (Oplans) for peak passenger seasons during the year were in place

to ensure passenger convenience and safety.

During sinulog Festival Celebration, Holy Week, All saints/souls Day, and Christmas season, Cebu Port Authority readies its work force and facilities to cater to passenger influx.

The implementation of Oplans for the year 2011 was a success with no recorded major incidents of damage and/or any untoward incident.


In the spirit of partnership and camaraderie, the Cebu Port Authority challenged cargo-handling operators, dockworkers and port users to a four-kilometer fun

run around the Cebu Baseport on June 25, 2011.

The foot race was a culminating event of the Authority’s sports festival as it celebrates its 19th Founding Anniversary on June 26, 2011.

The race, which started at 5:30 A.M. covered the whole stretch of E.s. Baclig Avenue and the inner port road fronting the supercat Terminal to the Bureau of Customs office at the international port.

The race featured three (3) categories for participants to join in, namely: CPA employees, clients (port users) and guests (family members and friends) categories.

Among the highlights of the CPA Anniversary sportsfest were the invitational games among teams from the CPA and the cargo-handling operators in basketball, table tennis, bowling, billiards and chess.

Cargo-handling operators also bested each other in a cargo-handling competition which was held right after the fun run.

According to Engr. Dennis Villamor, CPA General Manager, the invitational games were CPA’s own little way of touching base with its port partners and stakeholders.

spearheaded by the CPA Acting Deputy General manager, Atty. Yusop Uckung, the games showcased the athletic prowess of CPA’s own employees and support personnel and that of the cargo-handling operators, namely: Oriental Port and Allied services Corp. (OPASCOR), Puerto Servicio de Cebu (PSC), United South Dockhandlers, Inc. (USDI), Metro Cebu Arrastre & Stevedoring Services, Inc. (MCASSI), Cebu Integrated Arrastre (CIA) and the Cebu Arrastre & Stevedoring Services Corp. (CASSCOR).

19th Founding Anniversary

PSSED and PMD Manager Oscar Lopez dashes to the finish line with other runners.

Cebu Executive Runners Club pioneer runner Oscar

Lopez, who is also port police and operations

manager, waves to the crowd at the finish line.

Terminal operations officer Don Baluma reaches for the blue cord to mark his turning point of the race route.

A child puts his heart in the race as he strides to the finish.

A pair of lady runners tries to keep up with an older

colleague at the port road along S. Osmeña Boulevard.

Medals and trophies awaited winners of various

competitions held during the anniversary celebration.

GM Dennis Villamor awards the winners of the CPA 4K

Anniversary Race.


signing of the Collective Negotiation Agreement

Training for electronic reporting of statistical data

Advancing operational growth and development...

Management & Employees: Fostering an Enduring Harmonious Relationship


2011 Port statistics

Passenger TrafficShipcalls


Cargo Throughput (in Metric Tons)

Container Traffic (in TEU’s)

Non-containerized only


STATE AUDITOR’S REPORT ON THE FINANCIAL STATEMENTS

THE BOARD OF COMMISSIONERSCebu Port AuthorityNorth Reclamation AreaCebu City

We have audited the accompanying Balance Sheet of the Cebu Port Authority as of December 31, 2011 and the re-lated Statement of Income and Expenses, changes in equity and cash flows for the year then ended. These financial statements are the responsibility of the Authority’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

Except as discussed in the following paragraphs, we conducted our audit in accordance with generally accepted state auditing standards in the Philippines. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assess-ing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

The ownership and area of parcels of land stated at P3.573 billion as of December 31, 2011 could not be ascertained because only a portion of it was covered by Transfer Certificates of Title and other evidence of ownership. We were not able to satisfy ourselves as to the Authority’s ownership over the mentioned lands by other procedures.

Valid claims arising from past transactions, namely: the Claims for Disallowed Payments by the Commission on Audit and Claims for Port Charges of P24.2 million, which were written off in 2004 without appropriate legal basis were still not recorded in the books.

In our opinion, except for the effects on the financial statements of such adjustments, if any, as might have been de-termined to be necessary had we been able to validate the ownership and area of the parcels of land included among the assets of the Authority as discussed in the third paragraph, and except for the effects on the financial statements of the matters discussed in the fourth paragraph, the financial statements referred to above present fairly, in all material respects, the financial position of the Cebu Port Authority as of December 31, 2011, and the results of its operations and its cash flows for the year then ended in conformity with generally accepted state accounting principles in the Philippines.

June 29, 2012

Republic of the Philippines

COMMISSION ON AUDITRegional Office No. VII, Cebu City

NAOMI L. MEDICIState Auditor V

Supervising Auditor

COMMISSION ON AUDIT


2011 2010 Increase

(Decrease)

ASSETSCurrent assetsCash and cash equivalents (Note 3) P 260,350,904 P 164,927,411 P 95,423,493 Trade and other receivables, net (Note 4) 20,021,992 23,647,316 (3,625,324)Investment in Marketable Securities (Note 5) 33,469,754 32,012,483 1,457,271 Inventories (Note 6) 17,800,902 15,911,752 1,889,150 Other Current Assets (Note 7) 99,905,885 69,859,744 30,046,141 Total current assets 431,549,437 306,358,706 125,190,731

Non-current assetsProperty and equipment, net (Note 8) 4,775,169,746 4,737,190,533 37,979,213 Other non-current assets (Note 9) 16,653,768 17,002,505 (348,737) Total non-current assets 4,791,823,514 4,754,193,038 37,630,476

TOTAL ASSETS P 5,223,372,951 P 5,060,551,744 P 162,821,207 LIABILITIES AND EQUITY

Current liabilitiesTrade and other payables (Note 10) P 267,493,138 P 224,800,451 P 42,692,687 Total current liabilities 267,493,138 224,800,451 42,692,687

Non-current liabilitiesProvision for estimated liabilities (Note 11) 22,966,054 22,966,054 0Other liabilities and deferred credits (Note 12) 38,008,344 39,976,404 (1,968,060) Total non-current liabilities 60,974,398 62,942,458 (1,968,060)Total Liabilities 328,467,536 287,742,909 40,724,627

Equity (Note 13) 4,894,905,415 4,772,808,835 122,096,580

TOTAL LIABILITIES AND RESIDUAL EQUITY P 5,223,372,951 P 5,060,551,744 P 162,821,207 See accompanying Notes to Financial Statements.

Cebu Port AuthorityBalance Sheet

December 31, 2011(With Comparative Figures for the year ended December 31, 2010 )


2011 2010 Increase (Decrease)

REVENUES Wharfage dues P 251,145,571 P 230,412,397 P 20,733,174 Arrastre/Stevedoring share 243,652,699 235,992,122 7,660,577 Storage charges 46,942,534 50,063,333 (3,120,799)Bething charges 79,549,252 75,586,700 3,962,552 Harbor fees 32,917,920 29,565,952 3,351,968 Anchorage fees 9,478,227 5,277,421 4,200,806 Miscellaneous Income (Note 15) 74,115,349 75,792,560 (1,677,211) Total revenues P 737,801,552 P 702,690,485 P 35,111,067 OPERATING EXPENSESPersonal services Salaries and wages 40,407,253 38,178,029 2,229,224 Other staff benefits 35,480,927 38,757,361 (3,276,434) Social security premiums 5,220,378 4,899,290 321,088 81,108,558 81,834,680 (726,122)Maintenance and other operating expenses General and administrative expenses

Repairs and Maintenance - Port facilities 124,601,561 176,504,760 (51,903,199)Depreciation expense 62,676,770 61,139,394 1,537,376 Security services 33,096,854 30,395,085 2,701,769 Other services 16,560,029 15,212,214 1,347,815 Rent 7,026,699 10,521,897 (3,495,198)Water, illumination and power (Note 16) 11,595,942 8,889,572 2,706,370 Insurance non-staff 6,466,419 6,351,879 114,540 Janitorial services 6,329,280 5,923,421 405,859 Printing and binding 5,768,947 5,735,555 33,392 Board expenses 3,539,016 4,299,006 (759,990)RM- motor vehicles, gasoline and oil, insurance 4,548,298 3,844,813 703,485 Office supplies and materials 3,782,096 3,716,144 65,952 Travelling expenses 1,710,886 1,367,288 343,598 Communication services 1,659,859 1,365,303 294,556 Auditing services 333,918 103,298 230,620 Meetings and conferences 578,031 343,232 234,799 Bad Debts 4,738 (4,738)Medical attendance 2,261,113 2,261,113 Miscellaneous 1,491,758 1,707,280 (215,522)

294,027,476 337,424,879 (43,397,403) Total Operating Expenses P 375,136,034 P 419,259,559 P (44,123,525)INCOME FROM OPERATIONS 362,665,518 283,430,926 79,234,592 OTHER INCOME - NET (Note 17) 3,614,994 4,613,766 (998,772)INCOME BEFORE INCOME TAX 366,280,512 288,044,692 78,235,820 PROVISON FOR INCOME TAX 108,689,256 83,565,666 25,123,590 NET INCOME P 257,591,256 P 204,479,026 P 53,112,230 See accompanying Notes to Financial Statements.

Cebu Port AuthorityStatement of Income

For the Year Ended December 31, 2011(With Comparative Figures for the year ended December 31, 2010 )


For the Year Ended December 31, 2011(With Comparative Figures for the year ended December 31, 2010 )

2011 2010 Increase(Decrease)

CASH FLOWS FROM OPERATING ACTIVITIESCash received from customers P 738,487,783 P 710,458,420 P 28,029,362 Cash paid to suppliers and employees (347,561,969) (393,162,077) 45,600,108 Cash generated from operations 390,925,814 317,296,343 73,629,471 Interest earned on deposits 2,525,722 3,103,915 (578,193)Interest paid on loans (139,610) 139,610 Taxes paid (102,853,403) (79,343,915) (23,509,488) Net cash provided by operating activities 290,598,133 240,916,733 49,681,399 CASHFLOWS FROM INVESTING ACTIVITIES Capital expenditures (100,291,839) (73,138,762) (27,153,078) Net cash used in investing activities (100,291,839) (73,138,762) (27,153,078)CASH FLOWS FROM FINANCING ACTIVITIESPrincipal repayments on loans (25,176,750) 25,176,750 Dividends remitted to the Bureau of Treasury (94,882,801) (105,037,544) 10,154,743 Net cash used in financing activities (94,882,801) (130,214,294) 35,331,493 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 95,423,493 37,563,677 57,859,815 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 164,927,411 127,363,734 37,563,677 CASH AND CASH EQUIVALENTS AT END OF YEAR P 260,350,904 P 164,927,411 P 95,423,492 See accompanying Notes to Financial Statements.

2011 2010 Increase

(Decrease) Equity Contribution (Note 13) P 4,159,925,902 P 4,159,925,902 P - Balance at beginning of yearAdditions (deductions) 4,159,925,902 4,159,925,902 - Retained Earnings Retained Earnings, beginning of year 612,882,933 525,361,582 87,521,351 Net Income 257,591,256 204,479,026 53,112,230 Correction of prior years’ income/expenses (Note 14) (13,713,988) (14,718,162) 1,004,174 Dividends (121,780,688) (102,239,513) (19,541,175)Retained Earnings, end of year 734,979,513 612,882,933 122,096,580 P 4,894,905,415 P 4,772,808,835 P 122,096,580 See accompanying Notes to Financial Statements.

Cebu Port AuthorityStatement of Cash Flows

Statement of Changes in Retained Earnings & Equity


Notes to Financial Statements

1. AGENCY BACKGROUND

The Cebu Port Authority (CPA), an attached agency of the Department of Transportation and Communications (DOTC), was created by virtue of Republic Act No. 7621 that was approved on June 26, 1992. RA 7621 vested the Authority with the mandate to integrate and coordinate the planning, development, construction and operations of ports and port facilities within its territorial jurisdiction, consistent with the needs and requirements of the region, to enhance the flow of international and domestic commerce passing through or utilizing the regional ports and to promote regional development by providing support services to sustain the growth of export and other priority industries in the region.

The territorial jurisdiction of the Authority includes all seas, lakes, rivers and all other navigable inland waterways within the Province of Cebu, including the City of Cebu and all other highly urbanized cities which may be created therein.

The Port of Cebu used to be under the Port Management Office (PMO) of the Philippine Ports Authority which was abolished upon the creation of the Cebu Port Authority. All the existing facilities within the territorial jurisdiction of CPA, other lands, buildings and other properties, movable or immovable belonging to and used to be administered by the Philippine Ports Authority and all its assets, powers, rights, interests and privileges relating to present work and operation, including all equipment, were transferred to CPA. Upon the transfer and acceptance by CPA of the existing facilities, intangible assets and completed projects, all debts, liabilities and obligations of the Philippine Ports Authority in respect to these physical facilities, intangible assets and completed projects within the ports were assumed by CPA.

As provided under RA 7621, the powers and functions of the Authority are vested in and exercised by the Cebu Port Commission composed of a Chairman, a Vice-Chairman and five (5) other Commissioners. The Chairman is the Secretary of the Department of Transportation and Communications or his duly designated Undersecretary. The Vice-Chairman, who is designated as the Cebu Port General Manager, is elected by the Commissioners from among themselves.

The Commissioners are appointed by the President of the Republic of the Philippines and shall represent the following sectors:

a. Ship-owners and shipping operators;b. Cargo-Handling labor sector; andc. Business sector

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Preparation

The accompanying financial statements have been prepared in accordance with state accounting principles generally accepted in the Philippines.

The Authority has not converted the balances of its accounts to National Government Accounting System (NGAS) prescribed Chart of Accounts as the project for the supply of financial information and software which included this matter was still on-going at year-end.

Recognition of Income and Expense

The accrual basis of accounting is applied in the determination of income and expenses.

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 with original maturities of three months or less from date of acquisition and that are subject to an insignificant risk of change in value.

Receivables

Trade Receivables are recognized and carried at their face amounts less allowances set up for doubtful accounts.

Allowance for doubtful accounts is maintained at a level considered adequate for potentially uncollectible receivables. The level of allowance is based on historical collection, write-off experience, current economic trends, and changes in our customer payment terms, age status of receivables and other factors that may affect collectibility. An evaluation of the receivables, designed to identify potential charges to allowances, is performed on a continuous basis. The allowance is established by charges to income in the form of provision of doubtful accounts.

Provision for allowance for doubtful accounts was based on CPA Memorandum Circular No. 03-2004 dated January 23, 2004, as follows:

No. of days accounts overdue Rate 91 - 180 days 15% 181 - 365 days 30% Over 365 days 45%


Inventories

Inventories are valued at lower of cost or net realizable value.

Cost is determined using moving average method. Net realizable value is the current replacement cost. Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and any impairment in value.

The initial cost of property and equipment comprises its purchase price and any cost directly attributable to bringing the asset to its working condition and location for its intended use. Expenditures, such as repairs and maintenance and overhaul cost, incurred after the assets have been put into operation are normally charged to expense in the period they are incurred. In situations where it can be clearly demonstrated that the expenditures have resulted in an increase in future economic benefits expected to be obtained from the use of property and equipment beyond its originally assessed standards of performance, the expenditures are capitalized as an additional cost of property and equipment. When assets are sold or retired, their costs and accumulated depreciation and impairment losses, if any, are eliminated from the accounts and any gain or loss resulting from their disposal is included in the statements of income of such period.

Depreciation is computed based on carrying values of the property using the straight-line method over their estimated useful lives ranging from 5 to 40 years. As set forth in COA Circular No. 2003-007, a residual value equivalent to ten percent (10%) of the acquisition cost/appraisal value is deducted before dividing the same by the estimated useful life.

Property under construction is stated at cost. This included cost of construction of property and equipment and other direct cost. Property under construction is not depreciated until such time that the relevant assets are completed and put into operational use.

3. CASH AND CASH EQUIVALENTSThis account consists of the following:

2011 2010Cash - Collecting Officers P 6,835,451 P 3,566,960Cash - Other Officers 38,708 33,517Cash in Bank - UBP 228,012 4,593,459Cash in Bank - PNB 9,731,840 10,967,008Cash in Bank - LBP 49,585,786 68,768,893Cash in Bank - DBP 30,082Cash - Other Banks 548,699 611,152Short -Term Placements 193,352,326 76,386,422

P 260,350,904 P 164,927,411

Cash in bank earns interest at prevailing bank deposit rates. Placements in time deposit are made for varying period of up to three months depending on our immediate cash requirements, and earn interest at prevailing short-term deposit rates.

4. TRADE AND OTHER RECEIVABLESThis account includes receivables from the following:

2011 2010Various port users P 21,369,654 P 25,358,375Miscellaneous 2,670,834 2,623,330

24,040,488 27,981,705Allowance for doubtful accounts

(4,018,496) (4,334,389)

P 20,021,992 P 23,647,316

5. INVESTMENT IN MARKETABLE SECURITIES

This account consists of placements made by the Authority at Land Bank of the Philippines (LBP) amounting to P33, 469,754 in 2011 and P32, 012,483 in 2010, whose maturity is more than 90 days. Average interest earned on this placement was 4.55% per annum.

6. INVENTORIESBreakdown of this account is as follows:

2011 2010Semi-expendable supplies P 13,350,885 P 12,044,261Supplies and materials 4,450,017 3,867,491

P 17,800,902 P 15,911,752

7. OTHER CURRENT ASSETSThe account consists of the following:

2011 2010Prepaid tax P 81,362,596 P 62,757,522Advances to Contractors 10,845,768 1,791,255Miscellaneous Input VAT 7,697,521 5,310,967

P 99,905,885 P 69,859,744


8. PROPERTY AND EQUIPMENTThe account consists of the following:

Land Building & Structures

Building & Structure in

Progress

Furniture, Fixtures & Equipment

TOTAL

At December 31, 2010Cost 3,573,170,000 2,761,873,122 86,411,211 6,421,454,333Accumulated Depreciation - (1,627,305,140) (56,958,660) (1,684,263,800)Net Book Value P 3,573,170,000 P 1,134,567,982 0 P 29,452,551 P 4,737,190,533Year Ended December 31, 2011Opening Net Book Value 3,573,170,000 1,134,567,982 0 29,452,551 P 4,737,190,533

Purchases 5,109,281 5,109,281

Cost of Capital Outlay Projects Adjustment for undelivered order

478,868 95,435,833 95,914,701

Retired Assets Cost (5,728,275) (5,728,275) Accumulated Depreciation 5,360,276 5,360,276Depreciation for the Year (55,283,678) (7,393,092) (62,676,770)

Closing Net Book Value 3,573,170,000 1,079,763,172 95,435,833 26,800,741 4,775,169,746

At December 31, 2011

Cost 3,573,170,000 2,762,351,990 95,435,833 85,792,217 6,516,750,040Accumulated Depreciation (1,682,588,818) (58,991,476) (1,741,580,294)Net Book Value P 3,573,170,000 P 1,079,763,172 95,435,833 26,800,741 P 4,775,169,746

9. OTHER NON-CURRENT ASSETSThis account represents the following:

2011 2010Guaranty deposit P 183,885 P 183,885Investment in public enterprise 35,049 35,049Deposit on containers 56,839 23,839Other investments 1,700 1,700Miscellaneous deferred charges

16,376,295 16,758,032

P 16,653,768 P 17,002,505

The Miscellaneous account represents 50% of the port charges due from Hinigaran Realty Development Corporation that was retained for the rehabilitation of the port facility located at Sangi Beach, Toledo City. This is provided in the lease contract between Cebu Port Authority and Hinigaran Realty Development Corporation. Also included in the account is the amount advanced by CPA for the repair costs of the shuttle buses leased from the Bureau of Customs.

10. TRADE AND OTHER PAYABLESThis account consists of the following:

2011 2010Trade payables P 20,710,172 P 31,548,568Income tax payable 108,689,256 83,565,666Dividends payable 129,137,400 102,239,513Other Payables 8,956,310 7,446,704

P 267,493,138 P 224,800,451

The Other Payables include payables to National Government Agencies, GOCCs, employees’ union and cooperative.

11. PROVISION FOR ESTIMATED LIABILITIESThis account consists of the provisions for the following liabilities:

2011 2010Gratuity retirement benefits P 19,901,308 P 19,901,308CPA’s share in its Employees’ Provident Fund

3,064,746 3,064,746

P 22,966,054 P 22,966,054

Provision for gratuity retirement benefits represents the liability set up for the retirement benefits of the Authority’s officials and employees. CPA’s counterpart for its Employees Provident Fund has been suspended pending approval by DBM of the provident fund established by the Authority which took effect on January 1, 2001.


12. OTHER LIABILITIES AND DEFERRED CREDITSThis account represents the following:

2011 2010Output VAT payable P 16,042,803 P 15,234,232Deferred credits - semi-

expendable supplies13,358,519 12,048,324

Miscellaneous deferred credits

8,607,022 12,693,848

P 38,008,344 P 39,976,404

Miscellaneous deferred credits represent excess payments from customers and also deposits made by them.

13. EQUITY CONTRIBUTION

Under RA 7621, the Authority shall have an authorized capital stock equal to and consisting of the value of fixed assets, including port facilities and equipment administered by or belonging to the Port of Cebu and such other properties, movable and immovable, within the territorial jurisdiction of the Authority. The value of the assets less liabilities assumed by the Authority from the Philippine Ports Authority amounted to P4.16 billion (see Note 1).

14. CORRECTION OF PRIOR YEARS’ INCOME/EXPENSEThis account consists of adjustments pertaining to the following:

2011 2010Payment of prior year’s accounts

Adjustment of prior year’s income

P (18,574,340)

(24,234)

P (14,686,318)

(567,253)

Adjustment of prior year’s expenses

Adjustment/closing of trust liabilities

Decrease in provision for bad debts

876,693

3,692,000

315,893

535,409

P (13,713,988) P (14,718,162)

15. MISCELLANEOUS INCOMEThis account includes the following:

2011 2010Passenger terminal fee P 35,404,421 P 37,479,279Temporary vehicle pass 17,211,190 18,111,354Leases of buildings and open spaces

6,807,373 5,698,623

Power & water services 4,931,242 6,721,115Other accounts 9,761,123 7,782,189

P 74,115,349 P 75,792,560

The other accounts are income derived from fines, penalties, gain on sale of fixed asset, leases on billboards, share on truck scale, and service charge for power and water services and miscellaneous.

16. WATER, ILLUMINATION AND POWERDetails of this account are as follows:

2011 2010Total Bills Concessionaires’

ConsumptionExpense Total Bills Concessionaires’

ConsumptionExpense

PowerP 27,530,328 P 21,569,439 P 5,960,889 P 22,413,695 P 18,012,413 P 4,401,282

Water 6,305,799 670,746 5,635,053 5,111,650 623,360 4,488,290

Total P 33,836,127 P 22,240,185 P 11,595,942 P 27,525,345 P 18,635,773 P 8,889,572

The total bills represent the total amount paid to the utility firms while the concessionaires’ consumption represents their share of the total utility bills. The concessionaires are billed based on their actual consumption plus 10% service charge that is taken up as Miscellaneous Income.


17. OTHER INCOME (EXPENSES)This account consists of the following:

2011 2010Fund Management Income P 3,982,993 P 3,103,915Interest on long-term loans (139,610)Gain on currency adjustment

1,649,461

Loss on asset disposal (367,999)P 3,614,994 P 4,613,766

The Fund Management Income represents the interest earned from all bank deposits.

Loss on asset retirement refers to the loss on the retirement of assets that had become unserviceable due to wear and tear.

18. TAXES, DUTIES AND LICENSES

VALUE ADDED TAX

VAT Output Tax was recognized upon billing/collection of revenues under account Miscellaneous Deferred Credits-Output VAT while VAT Input Tax is recorded upon disbursement under account Miscellaneous Deferred Charges-Input VAT. Gross consisted of both vatable and VAT zero-rated revenues, thus VAT Input Taxes claimed were pro-rated to total VAT revenue over gross revenues, as follows:

Vatable Revenue P 555,471,410Zero Rated Revenue 182,330,142Total revenue (excluded interest income) P 737,801,552

Percentage of VAT revenue/Total Revenue 5.28737%

Total VAT Input Tax on purchases 32,823,150Allowable Input Tax (75.28737%) 24,711,687

VAT Paid/Remitted:Total VAT Output Tax 66,656,569Less: Allowable Input Tax 24,711,687Net VAT Remitted P 41,944,882

VAT zero-rated revenues were collected from services rendered to the following:

PEZA registered companies-Sections 4.106-6 and 4.108-6 (BIR RR16-2005); Companies engaged in international shipping- Section 4.108-5 of BIR RR 16-2005, Section 13 (BIR RR 4-2007); Companies with 100% export sales-Section 4.108-1 (BIR RR 7-95)

WITHOLDING TAXES

Total taxes withheld and remitted during the year were as follows:

Tax on compensation and benefits P 9,857,949Creditable withholding taxes:VAT and percentage tax 14,084,837Expanded withholding taxes 6,206,319 P 30,149,105

19. DIVIDEND

As provided by Republic Act No. 7656 which was approved on November 9, 1993 and its Revised Implementing Rules and Regulations issued by the Department of FinanceIn 1998, the Authority as a government-owned and controlled corporation is required to remit at least 50% of its annual net income to the Bureau of Treasury. Dividends declared for the previous years were duly remitted and for the CY 2011 dividend was computed as follows:

2011 2010Net income after tax P 257,591,256 P 204,479,026Add/(Deduct):

1. Allowance for Bad Debts

2. Payment of PY Expenses

3. Adjustment of PY payables

(18,574,340)

4,544,459

243,561,375

x 50%

204,479,026

x 50% P 121,780,688 P 102,239,513

Dividend for CY 2010 was adjusted and the corresponding excess dividend declared in the amount of P 7,356,712 was reverted to Retained Earnings, as follows:

Net income after tax P 204,479,026Add/ (Deduct):Allowance for Bad Debts 4,738Payment of prior year’s employee benefits (14,718,162) 189,765,602X 50%Adjusted dividend P 94,882,801


Cebu Port Commission


Comm. Dennis R. VillamorVice-Chairperson & General Manager

Business Sector

Comm. Tomas A. RiveralCargo-Handling Labor Sector

DOTC Sec. Jose P. de Jesus(Chairperson, June 2010-2011)

DOTC Sec. Manuel A. Roxas II(Chairperson, June 2011-October 2012)

Vicente T. Suazo, Jr.Shipping Sector

Comm. Benjamin C. AkolShipping Sector

DOTC Usec. Aristotle B. Batuhan(July 2010-October 2011)

Alternate Chairperson

Comm. Carlos G. CoBusiness Sector

Comm. Joselito O. PedariaLabor Sector

Amor Gracia R. Mancelita, MBAActing Manager, Business Marketing &

Development Dept.

Atty. Karen Q. GonzalesOfficer-in-Charge, Management

Info Systems Development

Ninfa D. HernandezActing Manager, Internal Control Dept.

Glenn B. Castillo, CPAActing Manager, Finance

& Admin Dept.

Lorna T. Jordan, CSEEExecutive Assistant to the

General Manager

PP/Dir. Oscar J. LopezManager, Port Security, Safety

and Environment Dept.Acting Manager, Port Management Dept.

Engr. Dennis R. Villamor, CEO VIExecom Chairman & General Manager

Engr. Mario G. TanManager, Engineering Services Dept.

Atty. Yusop J. Uckung, CSEEActing Deputy General Manager

Executive Committee


Amor Gracia R. MancelitaBMDD

Claro R. Cagigas Jr.PMO - 8 (Toledo)

& PMO - 9 (Argao)

Engr. Demetrio L. Seno Jr.PMO - 5 (Mandaue City)

Edmund R. Leopoldo Jr.Safety and Environment

Division

Elizabeth C. SuarezFinance Division

Engr. Ernesto G. Boltron Jr.PMO - 2 (5th St.)

Engr. Lilius C. Udtohan, CSEEPMO - 1 CIP

Nomerando H. FerrolinoPMO - 4 (Pier 1)

& PMO - 3 (Pier 3)

Roy V. ButaslaPMO - 6 (Danao City)

Glenn B. CastilloFAD

Oscar J. LopezPSSED and PMD

Engr. Sofronio T. MagdadaroConstruction & Maintenance Division

Glenn S. SaradorSecurity Division

Engr. Mario G.TanESD

Perlita G. JumapaoAdmin Division

Atty. Yusop J. Uckung, CSEEMancom Chairman

Acting Deputy Gen. Manager

Engr. Jose Rido C. SullanoPlanning & Monitoring Division

Ma. Socorro M. RallonMancom Secretariat

Engr. Rene Antonio P. BaconPMO - 7 (Sta. Fe)

Atty. Karen Q. GonzalesMISD

Ninfa D. HernandezICD

Engr. Romeo E. SevillaUtilities Section

Management Committee


GM Dennis R. Villamor, CEO VIGeneral Manager

Ma. Socorro M. Rallon

Lorna T. Jordan, CSEE

Atty. Yusop J. Uckung, CSEEActing Deputy General Manager & Dept.

Manager, Legal Affairs Dept.

Teresita L. Velez

Engr. Mary Nimfa M. Borromeo Corporate Board Secretary

Office of the General Manager

Office of the Corporate Board Secretary

Office of the Deputy General Manager/Legal Affairs Department


Amor Gracia R. Mancelita, MBAActing Dept. Manager

Lilibeth A. CardozaNinfa D. HernandezActing Dept. Manager

Romeo P. Pañares

Japier Czarina G. Marañan Atty. Karen Q. Gonzales

Atty. Karen Q. GonzalesOfficer-in-Charge

Maximiano E. Gabuya

Management Information Systems Development

Internal Control Department

Business Marketing & Development Department & Statistics Unit


Alberto P. Wong Antonio G. Cardoza Arnie H. Atamosa Dante S. Pepito

Eliezer M. Aranduga

Ernesto R. Buot

Jose Rido C. Sullano

Roger S. Canillo

Teotimo S. Manigos

Hipolito O. de Guzman

Joy P. Bathan

Romel G. Pegarom

Virgilio P. Godes

Ignacio P. Sarsalejo Jr.

Marcial A. Sasil Jr.

Romeo E. Sevilla

Zozimo G. Pero Jr.

Isidro C. Subaan Jr.

Mario G. TanDept. Manager

Rutillo B. Orias

Jerusalem C. Pugoy

Miguel M. Macapaz

Sofronio T. Magdadaro

Engineering ServicesDepartment


Adrian R. Alberca

Danilo M. Tanjay

Glenn B. CastilloActing Dept. Manager

Ma. Cleofe U. Ylanan

Bibiano V. Jandayan

Elizabeth C. Suarez

Isamar R. Jimeno

Maria Alma N. Wong

Carmina H. Mayol

Emiliano A. Daragosa

Laarni R. Flores

Noemi L. Gulfan

Restituto B. Loquinario

Ceasar B. Pebida

Eugene S. Lagarit

Leah D. Seno

Perlita G. Jumapao

Roger M. Japitan

Clara C. Bacalso

Fe C. Sevilla

Lolita A. Rama

Pinky Rowena B. Sanchez

Ruby C. Bacon

Constancio M. Catubig

German C. Bascon

Lourdes C. Stroh

Remegilda A. Durano

Severa A. Zapanta

Finance and AdministrativeDepartment


Alvin T. Merenillo

Felix Angelo E. Quianzon

Bernard L. Macuto

Glenn S. Sarador

Romulo I. Alcazar Jr.

Edmund R. Leopoldo Jr.

James V. Cirilo

Vincent Hiroo B. Hermosilla

Evan L. Epe

Oscar J. LopezDepartment Manager

Port Security, Safety andEnvironment Department


Claro R. Cagigas Jr.PMO - 8 & PMO - 9

Port Manager

Manual P. Pekitpekit Jr.

Demetrio L. Seno Jr.PMO - 5

Port Manager

Nomerando H. FerrolinoPMO - 3 & PMO - 4

Port Manager

Roy V. ButaslacPMO - 6

Port Manager

Capt. Romulo ButayaHarbor Master

Ernesto G. Boltron Jr.PMO - 2

Port Manager

Rene Antonio P. BaconPMO - 7

Port Manager

Lilius C. UdtohanPMO - 1

Port Manager

Remedios D. Garcia

Oscar J. LopezActing Dept. Manager

Port ManagementDepartment

Harbor Control Center


Port Management Office - 1Cebu International Port

Anna Marie V. EroyLilius C. UdtohanPort Manager

Roldan A. Potot

Engracio A. Bucag

Mervin G. Letigio Teresa B. Gadrinab

Jesse B. Guillermo

Rhea Emilia J. Oporto

Vincent B. Baladjay

Letty Z. Abarquez


Port Management Office - 25th street

Angeli C. Aporado

Joseph Vincent G. Benabay

Ernesto O. Boltron, Jr.Port Manager

Richard Eugene A. Segarra

Archie M. Guinitaran

George M. Pahuay

Ruperto Rey D. Pacaldo

Don F. Baluma

Mari-Lyeza C. Panulaya

Georgia F. Mabini Wilson P. Marentes

Edna A. Andrino

Ofelia A. Antonio

Hasmin G. Intong


Allan T. Aporado Nazareno M. Gorme

Ien Verne B. Boltron

Benjamin L. Cari-Cari

Randolfo S. LozanoLinda R. Yamuta

Cesar G. Sevilla Jr.

Romeo J. BaloManual P. Pekitpekit Jr.

Daniel B. Estrosos Jr.

Myra May A. Daganato

Port Management Office - 3Pier 3

Normerando H. FerrolinoPort Manager


Adolfo M. Abregana Jr.

Jennifer Sophia B. Godinez

Nilo C. TabanasAlmerito S. Villegas

Joyce C. Lastimosa

Normerando H. FerrolinoPort Manager

Cecilia A. Lopena

Liliosa C. AlivioPedro I. Sumampong

Edwin O. Cabaron

Mercelita C. Panulaya

Port Management Office - 4Pier 1


Jade R. Tan

Arthur L. Yap

Joshua L. Pantoja

Demetrio L. Seno Jr.Port Manager

Sesenia G. Batiquin

Desiree Grace L. Amores Felix B. Alaan Jr.

Port Management Office - 5Mandaue City


Adelaida G. TolitolRoy V. ButaslacPort Manager

Orlando G. Estrella

Susana C. BanzonPaterno Rommel S. Toledo Vitaliano M. Olofernes

Port Management Office - 6Danao City


Jeana C. Meñoria

Ma. Vinerva V. Andrino

Joel A. JumawanRene Antonio P. BaconPort Manager

Leoncio M. Pactor Richard G. Batiquin

Port Management Office - 7sta. Fe


Claro R. Cagigas Jr.Port Manager

Lucita C. PacoKenneth C. Alivio Rita S. Shanchez

Port Management Office - 8Toledo City


PMO9

Claro R. Cagigas Jr.Port Manager

Lila Flor A. CampanerIan L. Nuñez Maria M. Feliciano

Port Management Office - 9Argao


Trunkline: +63.32.232-1461 to 63Facsimile: +63.32.231-6848

Dial 0 for Operator Assistance

Department / Unit Local Direct Line Facsimile

Office of the General Manager 42 231-6856, 412-9026 231-6848

Office of the Deputy General Manager 31 412-9023 412-9023

Business Marketing & Development Department 25 412-9024 412-9024

Engineering Services Department 29 232-6369 232-6369

Planning & Design Division 26 232-6369 232-6369

Construction & Maintenance Division 26 232-6369 232-6369

Utilities Section 38 232-6369 232-6369

Finance & Administrative Department 41 231-6857 231-6857

Finance Division 21 231-6849, 412-9021 231-6849

Administrative Division 28 232-6839 232-6839

Internal Control Department 22 233-4016

Legal Affairs Department 32 412-9023 412-9023

Port Management Department 29 232-6365 232-6365

Port Security, Safety, & Environmental Mngt. Department 232-3083 232-3083

Port Security Division 232-1967 232-3083

Port Safety & Envi. Mngt. Div. 232-1967 232-3083

Field Office Location Contact Number/s

Port Management Division 1 Cebu International Port, Cebu Baseport, Cebu City 233-3814

Port Management Division 2 Terminal 3 Building, Cebu Baseport, Cebu City 233-0421

Satellite Collection Office 4th Street, Cebu Baseport, Cebu City 233-2558

Port Management Division 3 Terminal 2 Building, Cebu Baseport, Cebu City 253-1853

Harbor Control Center 2nd Floor, Terminal 2 Building, Cebu Baseport, Cebu City 255-8289,416-6558 telefax

Port Police Intelligence & Investigation Office 1st Floor, Terminal 2 Building, Cebu Baseport, Cebu City 255-2469

Port Management Division 4 Terminal 1 Building, Cebu Baseport, Cebu City 255-5615; 253-4363

Port Management Division 5 Mandaue Collection Office, Mandaue City, Cebu 344-9211

Punta Engaño Collection Office & Passenger Terminal Port of Punta Engaño, Lapu-Lapu City, Cebu 493-8540

Sta. Rosa Collection Office Passenger Terminal Port of Sta. Rosa, Olango Island, Cebu c/o 493-8540

Port Management Division 6 Port of Danao, Danao City, Cebu 200-3345

Poro Collection Office & Passenger Terminal Port of Poro, Camotes Island, Cebu 516-3098

Port Management Office 7 Port of Sta. Fe, Sta. Fe, Bantayan Island, Cebu 438-9008

Hagnaya Collection Office Port of Hagnaya Passenger Terminal, San Remigio, Cebu 435-8005

Port of Bogo Collection Office Port of Polambato, Bogo, Cebu c/o 435-8005

Port Management Office 8 Port of Toledo Office, Toledo City, Cebu 467-8700

Tangil Collection Office & Passenger Terminal Port of Tangil, Dumanjug, Cebu c/o 467-8700

Port Management Office 9 Naga Collection Office, Naga, Cebu 489-9577

Argao Collection Office & Passenger Terminal Taloot, Argao Passenger Terminal Building, Argao, Cebu c/o 489-9577

Directory

Main Office

Field Offices


2011 cpa annual report

Documents