Mercury Drug Corp. v. Commissioner of Internal Revenue

[C.T.A. CASE NO. 5315. September 6, 2000.] MERCURY DRUG CORPORATION , petitioner , vs . COMMISSIONER OF INTERNAL REVENUE , respondent . D E C I S I O N This case involves a claim for refund of alleged overpaid corporate income tax in the amount of P2,417,536.00 for the year 1993 and P23,075,386.00 for the year 1994 arising from the treatment of the 20% sales discounts granted to qualified senior citizens on their purchases of medicines as a deduction from gross income as prescribed by Revenue Regulation No. 2-94 instead of as a tax credit as provided in Republic Act No. 7432 (Senior Citizens Act). The antecedent facts of the case are as follows: Petitioner is a domestic corporation organized and existing under the laws of the Philippines (Exh. A). It is a retailer of pharmaceutical products, medicinal and veterinary compounds, toilet preparations, chemicals and drugs and operates a chain of drugstores all over the Philippines. It is duly licensed to operate the drugstores by the Bureau of Food and Drugs (Exh. T-2) with proper permits and licenses from local government units and other government agencies (Exh. V and W). Pursuant to the provisions of RA 7432 otherwise known as "AN ACT TO MAXIMIZE THE CONTRIBUTION OF SENIOR CITIZENS TO NATION BUILDING, GRANT BENEFITS AND SPECIAL PRIVILEGES AND FOR OTHER PURPOSES", Petitioner granted 20% sales discounts on medicines sold to qualified senior citizens on their purchases of medicines. Records show that for the period April to December 1993, and January to December 1994, the amount representing the 20% sales discount granted by Petitioner to qualified senior citizens totalled P3,719,287.68 and P35,500,593.44, respectively. In both taxable years, Petitioner treated the said 20% sales discount as a deduction from its gross sales to arrive at the net sales (TSN p. 14, August 12, 1997) in compliance with BIR Revenue Regulations No. 2-94. As evident in the said Regulation, the term "tax credit" found in Section 4 of Republic Act 7432 is defined as a deduction from gross income for income tax purposes. EAIaHD In considering the clear mandate of Section 4, RA 7432 that the sales discount granted to senior citizens can be claimed as tax credit, Petitioner filed two letters addressed to the Commissioner of Internal Revenue dated April 15, 1994 and April 17, 1995, declaring therein that their taxes were erroneously computed because the discounts were treated as a deduction rather than as tax credit (Exhs. K and L). Meanwhile, on April 15, 1994 and April 17, 1995, Petitioner filed its 1993 and 1994 Annual Income tax return and accordingly paid its income tax due amounting to P123,326,220.00 (Exh. C, C-4) and P128,756,190.00 (Exh. G. G-4), respectively. No amount of claimed tax credit is reflected on the said tax return (Exh. C-6, G-6; TSN pp. 25 and 36, April 24, 1996). Thus, on June 26, 1995 and December 15, 1995, Petitioner filed with the Respondent Commissioner of Internal Revenue, claims for refund of the overpaid corporate income tax in the amount of P2,417,536.00 for year 1993 and P23,075,386.00 for the year 1994, respectively. The amount representing the overpaid income tax originated from the aforesaid erroneous treatment of the 20% sales discount as a deduction from gross income instead of as tax credit. The computation of Petitioner's overpayment of income tax for the years 1993 and 1994 are illustrated as follows: TAXABLE YEAR 1993 SALES, Net P10,228,518,335.00 Add: Cost of 20% Discount to Senior Citizens P3,719,288.00 SALES, Gross P10,232,237,623.00 COST OF SALES Merchandise Inventory, Beg. P2,427,972,150.00 Purchases 8,717,393,710.00 Goods Available for Sales P11,145,365,860.00 Merchandise Inventory, End 2,458,743,127.00 8,686,622,733.00 GROSS PROFIT P1,545,614,890.00 Add: Miscellaneous Income 58,247,973.00 TOTAL INCOME P1,603,862,863.00 OPERATING EXPENSES 1,226,816,343.00 NET INCOME BEFORE TAX P377,046,520.00 Less: Income subjected to final income tax 20,966,602.00 NET TAXABLE INCOME P356,079,918.00 =============== INCOME TAX PAYABLE P124,627,972.00 LESS: TAX CREDIT (20% Sales Discount To Senior Citizens) 3,719,288.00 TAX ACTUALLY PAID 123,326,220.00 127,045,508.00 TAX REFUNDABLE P2,417,536.00 =============== xxx xxx xxx TAXABLE YEAR 1994 SALES, Net P11,671,366,402.00 Add: Cost of 20% Sales Discount to Senior Citizens 35,500,594.00 SALES, Gross P11,706,866,996.00 COST OF SALES Merchandise inventory, Beg. P2,458,743,127.00 Purchases 10,316,941,308.00 Goods Available for Sales P12,775,684,435.00 Less: Merchandise Inventory, End 2,928,397,228.00 9,847,287,207.00 GROSS PROFIT P1,859,579,789.00 Add: Miscellaneous Income 68,809,864.00 TOTAL INCOME P1,928,389,653.00 OPERATING EXPENSES 1,499,422,645.00 NET INCOME BEFORE TAX P428,967,008.00 Less: Income subjected to final income tax 25,591,586.00 NET TAXABLE INCOME P403,375,422.00 =============== INCOME TAX PAYABLE P141,181,398.00 LESS: TAX CREDIT (Cost of 20% Discount to Senior Citizens) P35,500,594.00 TAX ACTUALLY PAID 128,756,190.00 164,256,784.00 TAX REFUNDABLE P23,075,386.00 =============== Contending inaction on the part of the Respondent and considering further that the two-year prescriptive period within which to file a judicial claim was about to expire, Petitioner filed the instant Petition for Review on December 29, 1995. Respondent did not file an Answer to the Petition. Thus, upon motion of the Petitioner, this Court, in its resolution dated March 21, 1996, declared Respondent in default and ordered Petitioner to present his evidence ex-parte. In order to substantiate its claim for refund Petitioner presented as evidence the following pertinent documents, to wit: 1. The Corporation Annual Income Tax Returns for the years 1993 and 1994 (Exh. C and G). 2. The Audited Financial Statements of Mercury Drug Corporation for the years ended December 31, 1993 and 1994 (Exh. B.). 3. The Letters of Protest dated April 15, 1994 (Exh. K) and April 17, 1995 (Exh. L). 4. The written claims for refund dated February 13, 1995 (Exh. M) and December 15, 1995 (Exh. N). 5. The judicial affidavits of the Branch Managers from Luzon (Exh. O to O-150) and the written interrogatories of the Branch Managers from Visayas and Mindanao (Exh. O-151-a to Exh. O-160-c). 6. Certification of Independent Certified Public Accountant, dated June 27, 1997 relating to the accuracy of the Register of Senior Citizens Transactions (Exh. S) together with the Summary of Sales Discounts to Senior Citizens. 7. The Register of Senior Citizens Transaction from April 1993 to December 1994 (Exh. S-1 to S-21). 8. Certification of the Independent Certified Public Accountant dated August 4, 1994, relating to the examination of the BFAD special record books, cash receipts books and sale schedule and Mayor's Permit (Exh. T). IDAEHT 9. Listings of Bureau of Food and Drug License to Operate and Mayor's Permits of the various branches of Petitioner (Exh. T-2). 10. Pre-marked License to Operate p. 1 to 201 issued by BFAD. 11. Pre-marked Mayor's Permit (p. 1 to 278) (Exh. W). Meanwhile, on July 6, 1998, after the case was already deemed submitted for decision, Petitioner filed a manifestation that they will be submitting "truckloads" of cash slips in view of this Court's decision in the case of Sto. Rosario Drug Corporation vs. Commissioner of Internal Revenue , CTA Case No. 5367 promulgated on February 16, 1998, wherein the Petitioner's claim for refund was denied for failure to submit the cash slips. Thus, on September 28, 1998, this Court promulgated a Resolution requiring Petitioner to submit all the cash slips evidencing the sales to senior citizens for the year 1993 and 1994 in order for this Court to conduct its own examination and verification. Pursuant to the said Resolution, Petitioner submitted on October 15, 1998, 52 boxes of cash slips and 3 more boxes as supplemental compliance on August 26, 1999. This case was considered submitted for decision in our Resolution on September 13, 1999. Considering the aforestated facts and circumstances attendant to the case at bar, this Court is now confronted to resolve the following issues: 1) Whether or not the 20% sales discounts granted to qualified senior citizens on their purchases of medicines should be treated as tax credit in accordance with Section 4 of RA 7432 or as a deduction from gross (income) sales pursuant to Section 2(i) of Revenue Regulations No. 2-94; 2) Whether or not there was overpayment of income tax by herein Petitioner and; 3) Corollarily, assuming there was overpayment, whether or not Petitioner is entitled to be granted a refund based on the evidence it presented. After a painstaking scrutiny of the facts, the issues involved, the evidence submitted and the pertinent law and jurisprudence in point, this Court hereby rules in favor of the Petitioner as far as the legal aspect of the case is concerned. Quoted hereunder are the pertinent provisions of law and regulations applicable to the controversy at bar: I. Section 4 of Republic Act No . 7432 "Sec. 4. Privileges for the senior citizens the senior citizens shall be entitled to the following: a) the grant of twenty percent (20%) discount from all establishments relative to utilization of transportation services, hotels and similar lodging establishments, restaurants and recreation centers and purchase of medicines anywhere in the country: Provided, that private establishments may claim the cost as tax credit" (emphasis supplied) II. Section 2(i) of Revenue Regulations No . 2-94 "i. Tax Credit refers to the amount representing the 20% discount granted to a qualified senior citizen by all establishments relative to their utilization of transportation services, hotels and similar lodging establishments, restaurants, drugstores, recreation and other similar places of culture, leisure and amusement, which discount shall be deducted by the said establishments from their gross sales for value-added tax and other percentage tax purposes ." (emphasis supplied) To begin with, there is nothing novel involved in the first issue as this Court has already reconciled the conflict between the two aforequoted provision. In the case of VAS SALUS DRUG CORPORATION vs.CIR, CTA Case No. 5509, Nov. 26,1999 , ELMAS DRUG CORPORATION vs. CIR, CTA Case No. 5311, August 27, 1998 and STO . ROSARIO DRUG CORPORATION vs . CIR, CTA Case No . 5367, Feb. 16 , 1998 , We ruled that the 20% sales discount should be treated as tax credit and not as a mere deduction from gross income. Hereunder are excerpts on how this Court ruled in the aforementioned cases, thus: "A cursory review of the wordings of Section 4 of Republic Act No. 7432 would reveal that the law literally intended the cost of the 20% discount to be claimed as tax credit by private establishments. We could not see any plausible reason for the respondent to interpret the phrase in a different way. The discount being available for tax credit as stated in the law cannot be made incoherent to mean that such discount be utilized instead as a deduction from gross income and from gross sales as what is provided in RR No. 2-94. HcaDTE To be valid, an administrative regulation must not be in contravention but should conform to the standards that the law prescribes. (Tayug Rural Bank vs. Central Bank, 146 SCRA 120). Its promulgation must be authorized by the legislature. (Philippine Administrative Law, Cruz, 1994 ed., p. 32) RR No. 2-94 which engraved a new meaning to the phrase "tax credit" as referring to the 20% discount which is deductible from gross sales is patently incongruous and a deviation from the plain intendment of the law. It is even repugnant to the common dictionary acceptation of said phrase. In declaring that the provisions of RA 7432 prevail over Revenue Regulations No. 2-94, it is important to point out that the cost of the 20% discount shall not be treated as deduction from the gross income of the petitioner nor deducted from its gross sales for VAT or other percentage tax purposes. The benefit that can be derived by taxpayers is the privilege of claiming these discounts as tax credit and no longer as deductions as what other taxpayers have done. They cannot avail of tax credit and claim said discounts as deductions at the same time because this would be tantamount to granting them benefits that are already disproportionate to the obligations imposed upon them by virtue of said law. This is to make clear for both the taxpayers and respondent that the tax credit privilege takes the place of claiming these discounts as deductions pursuant to this Court's stand that Section 2(i) of Revenue Regulations No. 2-94 is null and void and it is Section 4(a) of RA 7432 that will apply in cases of this nature." ( Del Rosario Drug Corporation vs. CIR, CTA Case No. 5357, April 6, 1998 cited in Vas Salus Drug Corporation vs . CIR, CTA Case No . 5509, Nov . 26, 1999, Baliuag Drug Corporation vs . CIR, CTA Case No . 5365, May 13, 1998, M . E . Holding Corporation vs . CIR, CTA Case No . 5314, Aug . 17, 1998, and Trinity Franchising and Management Corp . vs . CIR, CTA Case No . 5313, Aug . 18, 1998 ) The Court of Appeals in the case of Commissioner of Internal Revenue vs. Elmas Drug Corporation, CA-G.R SP No. 49946 promulgated on October 19, 1999 , agreed with this Court's aforequoted declaration that the provisions of Republic Act No. 7432 prevail over Revenue Regulations No. 2-94 when it ruled, thus: 'In the case of Commissioner of Internal Revenue vs. Court of Appeals (240 SCRA 368) , the Supreme Court had the occasion to rule that Administrative issuances must not override but must remain consistent and in harmony with the law they seek to apply and implement." In effect, the Court of Appeals affirmed this Court's decision that the 20% sales discount should be treated as tax credit rather than as a mere deduction from gross income. Anent the second issue, we rule in the affirmative. As reflected in Petitioner's return, the amount of P3,719,288.00 and P35,500,594.00 which correspond respectively to the total 20% sales discounts granted to qualified senior citizens for the years 1993 and 1994 were deducted from Petitioner's gross sales (income). With this erroneous computation, it is evident that Petitioner's tax liability is necessarily bigger as compared if the 20% sales discount is treated as tax credit (illustration previously shown), such that if the cost of the 20% discount was treated as tax credit then the tax liability of the Petitioner will be lesser than what was paid resulting in overpayment of taxes. We now proceed to the last issue. After going over the records of the case, We noted some discrepancies and certain irregularities in the cash slips submitted which prompted Us to disallow a portion of the amount claimed by Petitioner. A complete examination of the documentary evidence submitted by Petitioner, particularly the cash slips of each of the branches of the Petitioner, reveals the following findings: (1) For the year 1993, the amount which totals P33,926.79 which is found in the Register of Senior Citizens Transactions, have no supporting documents. (see Annex A). For the year 1994, the amount of P224,269.15 was likewise found to have no supporting documents (see Annex B); (2) Some cash slips were recorded twice. Thus, for the years 1993 and 1994, the amount of P414.04 and P7,462.66, respectively, are disallowed; (see Annex A and B.) (3) Some of the cash slips in the total amount of P46,536.21 and P559,985.28 for 1993 and 1994, respectively, are overstated when compared with the discounts appearing in the Register of Senior Citizens Transaction. (see Annex A and B.) (4) For the taxable year 1994, this Court noted that some of the cash slips are in the original. This is contrary to the certification issued by the commissioned accountant Mr. Amado P Galang of Vicente E. Reyes and Associates, when he stated in the report (Exh. S and T) that he checked all the cash slips and ascertained that the cash slips on file are duplicate or triplicate copies. The existence of original receipts is in clear violation of Section 238 of the Tax Code, as amended, which requires the seller to issue a receipt. The original copy should be issued to the purchaser at the time the transaction is effected and the duplicate shall be kept and preserved by the issuer-seller Pursuant to BIR Rulings No. 046-89 dated March 27, 1989, a sales invoice is not merely an evidence of a sale but necessarily evidence of payment. If the sales invoice submitted to this Court are original copies, then it follows that no sales transaction ever occurred as there was no invoice given and there was no payment received. Clearly, no 20% discount could be credited in favor of the seller-Petitioner. Thus, the amount of P25,743,699.32 which correspond to the sales discount reflected in the original copy of the cash slip should likewise be disallowed. (See Annex B.) So, contrary to the allegation of Petitioner that it granted 20% sales discounts to senior citizens in the total amount of P3,719,888.00 for taxable year 1993 and P35,500,554.00 for taxable year 1994, this Court's study and evaluation of the evidence show that for taxable year 1993 only the amounts of P3,522,123.25 and for 1994, the amount of P8,789,792.27 were properly substantiated. The amount of P3,522,123.25 corresponding to 1993 will be further reduced to P2,989,930.43 as this Court's computation is based on the cost of the 20% discount and not on the total amount of the 20% discount based on the decision of the Court of Appeals in Commissioner of Internal Revenue vs. Elmas Drug Corporation , CA-SP No. 49946 promulgated on October 19, 1999 , where it ruled: " Thus the cost of the 20% discount represents the actual amount spent by drug corporations in complying with the mandate of RA 7432 . Working on this premise, it could not have been the intention of the lawmakers to grant these companies the full amount of the 20% discount as this could be extending to them more than what they actually sacrificed when they gave the 20% discount to senior citizens." (Emphasis supplied). Similarly the amount of P8,789,792.27 corresponding to taxable year 1994 will be reduced to P7,393,094.28 based on the aforequoted Court of Appeals decision. These reductions are illustrated as follows: TAXABLE YEAR 1993 Cost of Sales P8,686,622,733.00 Divided by Gross Sales 10,232,237,623.00 Cost of Sales Percentage 84.89% ============= Adjusted Amount of 20% Discount given to Senior Citizens 3,522,123.25 Multiply by 84.89% Allowable Tax Credit P2,989,930.43 ============= TAXABLE YEAR 1994 Cost of Sales P9,847,287,207.00 Divided by Gross Sales 11,706,866,996.00 Cost of Sales Percentage 84.11% ============= Adjusted Amount of 20% Discount given to Senior Citizens P8,789,792.27 Multiply by 84.11% Allowable Tax Credit P7,393,094.28 ============= With the foregoing changes in the amount of discounts granted by Petitioner in 1993 and 1994, it necessarily follows that adjustments have to be made in the computation of the refundable amount which is entirely different from the computation presented by the Petitioner. This Court's conclusion is that Petitioner is only entitled to a tax credit of P1,688,178.43 for taxable year 1993 detailed as follows: TAXABLE YEAR 1993 SALES, Net P10,228,518,335.00 Add: Cost of 20% Discount given to Senior Citizens 3,719,288.00 SALES, Gross P10,232,237,623.00 COST OF SALES Merchandise Inventory, Beg. P2,427,972,150.00 Add: Purchases 8,717,393,710.00 Total goods available for sale P1,145,365,860.00 Less: Merchandise Inventory, End 2,458,743,127.00 8,686,622,733.00 GROSS PROFIT P1,545,614,890.00 Add: Miscellaneous Income 58,247,973.00 TOTAL INCOME P1,603,862,863.00 OPERATING EXPENSES 1,226,816,343.00 NET INCOME BEFORE TAX P377,046,520.00 Less: Income subjected to final income tax 20,966,602.00 NET TAXABLE INCOME P356,079,918.00 ============= INCOME TAX PAYABLE P124,627,972.00 LESS: TAX CREDIT (20% Sales Discount given to Senior Citizens) P2,989,930.43 TAX ACTUALLY PAID 123,326,220.00 126,316,150.43 TAX REFUNDABLE P1,688,178.43 ============= and no refund or tax credit for taxable year 1994 as the computation below shows that Petitioner, instead of having a tax credit of P23,075,386.00 as claimed in the Petition, still has a tax due of P5,032,113.72 detailed as follows: TAXABLE YEAR 1994 SALES, Net P11,671,366,402.00 Add: Cost of 20% Sales Discount given to Senior Citizens 35,500,594.00 SALES, Gross 11,706,866,996.00 COST OF SALES Merchandise Inventory, Beg. P2,458,743,127.00 Add: Purchases 10,316,941,308.00 Total goods available for sale P12,775,684,435.00 Less: Merchandise Inventory, End 2,928,397,228.00 9,847,287,207.00 GROSS PROFIT P1,859,579,789.00 Add: Miscellaneous Income 68,809,864.00 TOTAL INCOME P1,928,389,653.00 OPERATING EXPENSES 1,499,422,645.00 NET INCOME BEFORE TAX P428,967,008.00 Less: Income subjected to final income tax 25,591,586.00 NET TAXABLE INCOME P403,375,422.00 ============= INCOME TAX PAYABLE P141,181,398.00 LESS: TAX CREDIT (Cost of 20% Discount given to Senior Citizens) P7,393,094.28 TAX ACTUALLY PAID 128,756,190.00 136,149,284.28 TAX STILL DUE P5,032,113.72 ============= The conclusion of tax liability instead of tax overpayment pertaining to taxable year 1994 has the effect of negating the tax refund of Petitioner because the basis of such refund is the fact that there is tax credit. Under the circumstances, instead of tax credit, Petitioner has a tax liability of P5,032,113.72, hence the refund for the period must fail. WHEREFORE, in view of the foregoing, the instant Petition for Review is hereby PARTIALLY GRANTED. Accordingly, Revenue Regulations No. 2-94 of the Respondent is declared null and void insofar as it treats the 20% discount given by private establishments as a deduction from gross sales. Respondent is hereby ORDERED to GRANT A REFUND OR ISSUE A TAX CREDIT CERTIFICATE to Petitioner in the reduced amount of P1,688,178.43 representing the latter's overpaid income tax for the taxable year 1993. However, the claim for refund for taxable year 1994 is denied for lack of merit. SO ORDERED. (SGD.) RAMON O. DE VEYRA Associate Judge I CONCUR: (SGD.) ERNESTO D. ACOSTA Presiding Judge Separate Opinions The following are the positions of the majority on the following issues, to wit: 1. That the 20% sales discount granted by the private establishments to qualified senior citizens should be treated only as tax credit against corporate income tax liability and not additionally, as deduction from gross sales/receipts of the Petitioner; 2. That the deduction of the 20% sales discount from gross sales/receipts is erroneous because the income tax due would be higher than when the cost of the twenty percent (20%) were used as tax credit; 3. That all the twenty percent (20%) sales discounts granted to senior citizen in the amount of P25,743,699.32 for the year 1994, the sales of which were covered by the original copies of the official receipts are to be considered non-existing. With all due respect to the well-studied opinion of the majority, I humbly express my dissent to all the aforementioned issues. For purposes of issues No. 1 and No. 2, it is pertinent to quote Section 4(a) of RA No. 7432, thus: "a) the grant of twenty percent (20%) discount from all establishments relative to utilization of transportation services, hotels and similar lodging establishment, restaurants, and recreation centers and purchase of medicine anywhere in the country; Provided, that private establishments may claim the cost as tax credit." As can be seen from the opening clause of Section 4(a) aforequoted, it is evident that senior citizens who purchase medicines anywhere in the Philippines shall be entitled to a twenty percent (20%) sales discount. Also, the same subsection 4(a) provides that all private establishments granting the said discount may tax credit the cost thereof against the corporate income tax liability. The issuance therefore by the Commissioner of Internal Revenue of RR No. 2-94 dated August 23, 1993 was unnecessary considering that the law, R.A. No. 7432, is clear and categorical on these matters. HcACST Issue No . 2 Section 4(a) of RA No. 7432 mandates that the twenty percent (20%) sales discount granted to qualified senior citizens by private establishments, Petitioner herein included, said discounts should be deducted from gross sales/receipts and at the same time may use the cost of the twenty percent (20%) sales discount as tax credit. Neither the private establishments nor the Bureau of Internal Revenue has an alternative option. Issue No . 3 The amount of the sales discounts representing the total amount of P25,743,699.32 was considered disallowed for the simple reason that the sales invoices/receipts covering the sales transactions were evidenced by copies of the official receipts or commercial invoices other than the original copies as required by Section 238 of the Tax Code. It is noted, however, that same Section 238, 2nd paragraph, authorizes the Commissioner in meritorious cases, to exempt any person subject to an internal revenue tax from compliance with the provisions of this Section. (as amended by Executive Order No. 273.) Thus, retail trading establishments not otherwise subject to any percentage tax, like supermarkets, department stores, drug stores , bookstores and groceries, having voluminous transactions daily which render it extremely difficult and inconvenient for them to comply with the requirement of using sales invoices/receipts for every transaction may, upon previous application with the Revenue District Officer of the place where the business is located and approval thereof by the Regional Director having jurisdiction be allowed to use cash register machines with two roll tapes, one to serve as customer's receipts in lieu of the regular sales invoices, and the other to be kept by the establishment for audit and internal tax verification purposes. A xerox copy of the BIR permit is required to be glued or taped at the back of the machine to which it refers to signify that the use of said machine in lieu of the sales invoices or receipts is duly authorized, (The National Internal Revenue Code, 5th Edition by Hector S. de Leon, p. 652). As additional information, Section 100(d)(3) of the Tax Code may be quoted, thus: (3) Sales returns, allowances and sales discounts. "xxx xxx xxx Sales discounts granted and indicated in the invoice at the time of sale may be excluded from the gross sales within the same quarter." Records of the case show that for the period April to December 1993 and January to December 1994, the 20% sales discounts totalled P3,719,287.68 and P35,500,593.44, respectively. However, the written claim for refund is only P2,417,536.00 for 1993 and P23,075,386.00 for 1994. The annual income tax paid for taxable years 1993 and 1994 totalled P123,326,220.00 and P128,756,190.00, respectively. The allowable Tax Credits may be computed, thus: 1993 Cost of Sales P8,686,622,733.00 Divide by Net Sales 10,228,518,335.00 Percentage of Cost of Sales 84.93% Adjusted amount of 20% discounts to Senior Citizens P3,522,123.25 Multiply by 84.93% Allowable Tax Credit P2,991,339.28 ============= 1994 Cost of Sales P9,847,287,207.00 Divide by Net Sales 11,971,366,402.00 Cost of Sales Percentage 84.37% Adjusted amount of 20% Sales discount P25,743,699.32 Multiply by 84.37% Allowable Tax Credit P21,719,959.40 ============= Computation of Income Tax Refundable Taxable Year 1993 Net Sales P10,228,518,335.00 Less: Cost of goods sold 8,686,622,733.00 Gross profit P1,541,895,602.00 Less: Operating expenses 1,226,816,343.00 Net Operating income P315,079,259.00 Add: Miscellaneous income 58,247,973.00 Total income P373,327,232.00 Less: Income subjected to final tax 20,966,602.00 Net amount subject to 35% 352,360,630.00 Tax due thereon P123,326,220.00 Less previous income tax payments: 1. 1st 2nd & 3rd quarterly ITR 67,617,590.99 2. Creditable income tax paid 384,734.82 3. Final Annual ITR income tax paid 55,323,894.19 Total P123,326,220.00 Balance -0- =============== Inasmuch as the amount claimed as Tax Refund is only P2,417,536.00 and not the computed amount of P2,991,339.28, the former amount shall be granted as Tax Refund. Taxable Year 1994 Net Sales P11,671,366,402.00 Less: Cost of goods sold 9,847,287,207.00 Gross profit P1,824,079,195.00 Less: Operating expenses 1,499,422,045.00 Net Operating income P324,656,550.00 Add: Miscellaneous income 68,809,864.00 Total income P393,466,414.00 Less: Income already subjected to final income tax 25,591,586.00 Net income subject to 35% tax P367,874,828.00 Tax due thereon P128,756,190.00 Less: Income tax previously paid: 1. 1st, 2nd, & 3rd quarterly ITR 86,085,023.00 2. Creditable income tax 287,997.91 3. Annual final ITR payment 42,383,169.09 Total payments P128,756,190.00 Balance -0- ============= The written claim for Cash Refund for taxable year 1994 is P23,075,386.00. A recomputation however, showed the amount of P21,719,959.40. This latter figure should prevail it being lower in amount. WHEREFORE, in view of the foregoing, I register my dissent to the opinion of the majority and vote to grant the refund in the amounts of P2,417,536.00 for taxable year 1993 and P21,719,959.40 for the taxable year 1994. (SGD.) AMANCIO Q. SAGA Associate Judge ANNEX A MERCURY DRUG CORPORATION SCHEDULE OF SENIOR CITIZEN'S DISCOUNTS & COURT'S DISALLOWANCES FOR THE YEAR ENDED DECEMBER 31, 1993 SUMMARY OF SALES DISCOUNT PER PETITIONER'S TO BE PETITIONER'S REGISTER OF CONSIDERED CLAIM SC AS BASIS FOR D I S A L L O W A N C E S TOTAL ALLOWABLE NAME OF BRANCH EXHIBIT T-1 TRANSACTION DISALLOWANCE A B C DISALLOWANCE AMOUNT A Arnaiz P409.43 P409.43 P409.43 P- P- - - 409.43 Alabang H-way 12,087.27 12,016.29 12,016.29 - - 54.16 54.16 11,962.13 Alabang Montillano 18,659.58 18,661.08 18,659.58 17.69 - 59.71 77.40 18,582.18 Ali Mall 41,635.79 41,589.29 41,589.29 - - 74.89 74.89 41,514.40 Antipolo 7,712.26 7,722.20 7,712.26 22.71 - 12.05 34.76 7,677.50 Ayala Twin Cinema 21,232.72 21,227.88 21,227.88 - - 86.99 86.99 21,140.89 Baclaran Airport 14,036.78 14,050.17 14,036.78 - - 16.95 16.95 14,019.83 Baclaran Quirino 10,011.88 10,020.34 10,011.88 120.65 - 149.80 270.45 9,741.43 Bacolod Araneta 34,838.92 37,156.58 34,838.92 - - 2,308.01 2,308.01 32,530.91 Bacolod Libertad 6,880.63 7,382.96 6,880.63 - - 652.75 652.75 6,227.88 Bacoor 2,518.59 2,537.42 2,518.59 - - 18.81 18.81 2,499.78 Balagtas 23,664.72 23,113.70 23,113.70 32.60 - 113.73 146.33 22,967.37 Bambang 19,867.79 19,927.82 19,867 79 431.65 - 49.64 481.28 19,386.51 Banaue 26,534.68 26,557.88 26,534.68 745.73 - 73.68 819.41 25,715.27 Better Living 10,268.49 10,243.47 10,243.47 - - 5.43 5.43 10,238.04 Binakayan 9,328.54 9,704.28 9,328.54 4,180.05 - 2.41 4,182.45 5,146.09 Bian Paterno 6,214.95 6,381.01 6,214.95 52.97 - 32.95 85.92 6,129.03 Bian Plaza 8,645.47 8,601.74 8,601.74 - - 9.02 9.02 8,592.72 Blumentritt Avenida 15,208.17 17,511.04 15,208.17 - - 2,387.85 2,387.85 12,820.32 Blumentritt Oroquieta 11,415.35 11,484.69 11,415.35 - - 64.68 64.68 11,350.67 Broadway 44,675.95 44,977.02 44,675.95 33.59 109.05 149.73 292.36 44,383.59 Butuan 30,702.81 30,787.30 30,702.81 289.31 - 92.61 381.92 30,320.89 Cagayan Carmen 3,648.08 3,661.06 3,648.08 - - 10.99 10.99 3,637.09 Cagayan J Borja 9,685.93 9,757.33 9,685.93 - - 70.30 70.30 9,615.63 Cagayan Lapasan 7,719.00 7,742.21 7,719.00 - - 7.49 7.49 7,711.51 Cagayan Osmea 2,773.08 - - - - - - - Cagayan P. Market 2,941.27 2,943.95 2,941.27 7.28 - 2.38 9.66 2,931.61 Cagayan T. Neri 27,326.42 27,430.95 27,326.42 - - 189.82 189.82 27,136.60 Cainta Junction 13,200.70 12,357.72 12,357.72 252.55 53.28 24.87 330.70 12,027.02 Cainta Parola 841.48 866.88 841.48 - - - - 841.48 Calamba Crossing 8,219.49 8,198.54 8,198.54 154.18 - 5.43 159.61 8,038.93 Calamba Pabalan 8,165.24 8,087.13 8,087.13 - - 18.14 18.14 8,068.99 Calbayog 322.73 322.73 322.73 - - - - 322.73 Catbalogan 7,267.60 11,304.34 7,267.60 - - 3,489.04 3,489.04 3,778.56 Cavite 9,438.54 9,445.68 9,438.54 - - 7.27 7.27 9,431.27 Cebu Carbon 2,936.24 2,882.91 2,882.91 - - 2.09 2.09 2,880.82 Cebu Fuente 50,048.66 49,979.80 49,979.80 - - 58.28 58.28 49,921 52 Cebu Juan Luna 20,751 .25 18,932.13 18,932.13 257.50 - 89.06 346.56 18,585.57 Cebu Leon Kilat 12,783.92 12,650.33 12,650.33 - - 4.44 4.44 12,645.89 Cebu Tabunok 5,014.25 4,943.11 4,943.11 - - 33.77 33.77 4,909.34 Central Market 7,295.02 7,310.81 7,295.02 2,066.19 - 2.30 2,068.49 5,226.53 Cloverleaf 1,848.90 1,849.28 1,848.90 - - - - 1,848.90 Congressional 72,220.74 72,333.52 72,220.74 318.50 - 125.58 444.08 71,776.66 Cotabato Magallanes 5,602.86 5,645.43 5,602.86 - - 42.97 42.97 5,559.89 Cotabato Plaza 20,500.54 21,314.29 20,500.54 - - 821.09 821.09 19,679.45 Cubao Aurora 65,312.26 64,951.55 64,951.55 - - 195.38 195.38 64,756.17 Cubao Quirino 69,385.74 70,338.58 69,385.74 1,575.57 - 1,071.08 2,646.65 66,739.09 Cubao Romulo 70,245.11 70,472.29 70,245.11 421.74 - 151.17 572.91 69,672.20 Davao Bankerohan 473.09 470.23 470.23 - - - - 470.23 Davao C M Recto 8,682.31 8,677.04 8,677.04 - - 29.72 29.72 8,647.32 Davao Lapulapu 1,729.95 1,736.74 1,729.95 - - 5.74 5.74 1,724.21 Davao Mati 199.96 314.16 199.96 - - - - 199.96 Davao Quirino 3,472.25 3,511.07 3,472.25 35.50 - 3.48 38.98 3,433.27 Davao San Pedro 8,879.49 8,782.82 8,782.82 62.06 - 24.43 86.49 8,696.33 Del Monte 15,673.45 15,874.77 15,673.45 26.78 199.55 18.44 244.76 15,428.69 Digos 13,839.18 13,857.82 13,839.18 - - 37.86 37.86 13,801.32 Dumaguete 39,296.08 39,255.70 39,255.70 22.89 - 136.20 159.09 39,096.61 Earnshaw 5,864.35 5,771.78 5,771.78 - - 80.14 80.14 5,691.64 Edsa Central 23,841.60 25,967.33 23,841.60 87.36 - 279.53 366.89 23,474.71 Edsa Libertad 32,592.85 35,253.20 32,592.85 60.35 - 2,214.63 2,274.97 30,317.88 Edsa Mayflower 21,756.59 21,829.17 21,756.59 - - 48.96 48.96 21,707.63 Edsa Ortigas 9,845.09 9,896.63 9,845.09 - - 62.32 62.32 9,782.77 Edsa Pioneer 1,704.47 1,997.60 1,704.47 78.24 - 48.96 127.20 1,577.27 Edsa Shaw 13,453.49 13,483.84 13,453.49 - - - - 13,453.49 Edsa West 65,516.80 65,469.45 65,469.45 - - 413.03 413.03 65,056.42 Ermita 8,888.36 9,833.61 8,888.36 933.38 - 11.90 945.28 7,943.08 Escolta 4,148.59 4,322.94 4,148.59 - - 12.55 12.55 4,136.04 Espaa 14,320.16 14,567.73 14,320.16 110.63 - 207.40 318.03 14,002.13 Fairview 29,608.23 29,677,07 29,608.23 63.27 - 67.13 130.40 29,477.83 Farmer's Plaza 52,994.87 53,775.21 52,994.87 274.68 - 163.73 438.41 52,556.46 Gen. Santos Acheron 15,088.76 15,218.27 15,088.76 - - 136.07 136.07 14,952.69 Gen. Santos Pioneer 6,931.60 9,197.82 6,931.60 - - 2,159.26 2,159.26 4,772.34 Gil Puyat Dian 2,728.61 2,714.11 2,714.11 - - 7.10 7.10 2,707.01 Gil Puyat Urban 23,379.12 23,632.93 23,379.12 - - 250.57 250.57 23,128.55 Gil Puyat Washington 2,766.14 2,768.08 2,766.14 - - 1.55 1.55 2,764.59 Greenhills 37,697.17 36,894.86 36,894.86 - - 119.45 119.45 36,775.41 Guadalupe 11,433.45 11,864.68 11,433.45 154.09 - 440.62 594.71 10,838.74 Harrison Plaza 28,182.74 28,400.86 28,182.74 161.72 - 124.07 285.79 27,896.95 Iligan Palao 24,650.00 24,517.01 24,517.01 144.10 - 53.82 197.92 24,319.09 Iligan Quezon 13,731.46 13,734.72 13,731.46 58.25 - 52.61 110.86 13,620.60 Iloilo Iznart 142,902.25 142,849.04 142,849.04 1,026.42 - 362.06 1,388.48 141,460.56 Iloilo La Paz 62,994.03 63,433.76 62,994.03 26.38 - 658.40 684.78 62,309.25 Iloilo Mabini 9,396.82 9,415.89 9,396.82 - - 12.43 12.43 9,384.39 Iloilo Valena 205,963.15 205,334.68 205,334.68 310.18 - 720.03 1,030.21 204,304.47 Imus 2,444.01 2,455.16 2,444.01 - - 10.69 10.69 2,433.32 Kalentong General 47,017.85 48,035.51 47,017.85 1,076.06 - 517.85 1,593.91 45,423.94 Kalentong Pershing 27,089.16 26,958.17 26,958.17 - - 42.45 42.45 26,915.72 Kalibo 90,297.92 93,927.95 90,297.92 1,526.50 - 1,175.72 2,702.22 87,595.70 Kalookan 11th Avenue 8,974.33 9,022.78 8,974.33 198.78 - 59.98 258.76 8,715.57 Kalookan 9th Avenue 8,159.43 8,196.03 8,159.43 3,013.33 - 11.85 3,025.18 5,134.25 Kalookan Gotesco 15,192.02 15,198.88 15,192.02 - - 2,966.31 2,966.31 12,225.71 Kalookan Monumento 17,976.69 18,240.92 17,976.69 40.62 - 54.77 95.39 17,881.30 Kalookan Plaza 13,599.37 15,514.73 13,599.37 - - 860.46 860.46 12,738.91 Karuhatan 11,845.81 11,841.59 11,841.59 145.75 - 19.51 165.25 11,676.34 Koronadal Alunan 6,181.62 6,169.29 6,169.29 - - 14.48 14.48 6,154.81 Koronadal Zulueta 24,115.29 24,100.97 24,100.97 30.25 - 110.01 140.26 23,960.71 Lagro 9,315.78 9,600.87 9,315.78 - - 21.56 21.56 9,294.22 Landmark 11,782.39 12,583.05 11,782.39 - - 15.86 15.86 11,766.53 Laong Laan 11,299.52 11,273.91 11,273.91 412.48 - 6.94 419.42 10,854.49 Las Pias 43,014.79 43,090.29 43,014.79 - - 89.61 89.61 42,925.18 Legarda Gastambide 4,169.64 4,188.27 4,169.64 142.57 - 18.27 160.85 4,008.79 Los Baos 28,766.52 28,827.72 28,766.52 - - 62.22 62.22 28,704.30 Magallanes 17,206.67 17,372.45 17,206.67 - - 123.35 123.35 17,083.32 Makati J.P. Rizal 18,686.84 19,032.08 18,686.84 73.04 - 57.03 130.06 18,556.78 Malabon Plaza 16,023.48 18,177.52 16,023.48 640.56 - 2,110.56 2,751.13 13,272.35 Malanday 2,405.49 2,413.98 2,405.49 431.32 - 9.23 440.55 1,964.94 Malaybalay Fortich 18,185.95 18,152.50 18,152.50 - - 40.20 40.20 18,112.30 Malibay 9,184.35 5,876.35 5,876.35 - - 2,481.96 2,481.96 3,394.39 Malinta 2,512.80 2,582.65 2,512.80 57.78 - 11.83 69.61 2,443.19 Malolos Plaza 45,590.68 45,776.88 45,590.68 700.57 - 240.74 941.31 44,649.37 Mandaue 15,823.19 15,814.05 15,814.05 108.48 - 28.76 137.25 15,676.80 Marikina Concepcion 43,874.81 44,714.96 43,874.81 828.31 20.82 778.03 1,627.15 42,247.66 Marikina dela Paz 3,752.97 3,760.85 3,752.97 - - 6.04 6.04 3,746.93 Marikina J.P. Rizal 16,218.88 16,248.10 16,218.88 - - 12.46 12.46 16,206.42 Masinag 7,844.79 7,368.50 7,368.50 51.75 - 11.65 63.39 7,305.11 Maypajo 6,031.87 5,968.86 5,968.86 7.77 - 9.89 17.66 5,951.20 Meycauayan Plaza 3,499.56 3,429.74 3,429.74 - - 5.98 5.98 3,423.76 Morong 4,312.45 4,306.61 4,306.61 - - 4.67 4.67 4,301.94 Muntinlupa 12,550.15 12,570.03 12,550.15 - - 18.60 18.60 12,531.55 Murphy 15,814.21 15,857.48 15,814.21 226.49 - 75.33 301.82 15,512.39 Naic 15,660.05 15,616.46 15,616.46 - - 27.31 27.31 15,589.15 Nepa Q. Mart 51,825.02 52,203.68 51,825.02 - 19.28 94.69 113.97 51,711.05 Nolasco 8,216.98 8,223.50 8,216.98 - - 6.93 6.93 8,210.05 Northbay 5,005.62 5,002.69 5,002.69 - - 6.00 6.00 4,996.69 Novaliches Plaza 10,697.92 10,658.66 10,658.66 105.45 - 41.85 147.30 10,511.36 Novaliches Quirino 4,955.79 4,966.34 4,955.79 - - 8.31 8.31 4,947.48 Novaliches Susano 5,415.16 5,451.12 5,415.16 - - 3.03 3.03 5,412.13 Ormoc 5,669.12 5,687.70 5,669.12 136.06 - 15.70 151.76 5,517.36 Ozamis 17,744.84 17,841.95 17,744.84 - - 441.73 441.73 17,303.11 Paco Paz 24,955.20 26,632.08 24,955.20 - - 107.57 107.57 24,847.63 Paco Pedro Gil 16,123.45 16,607.92 16,123.45 280.49 - 58.01 338.50 15,784.95 Pagadian 560.46 560.46 560.46 - - - - 560.46 Paraaque 19,182.60 19,153.53 19,153.53 - - 39.45 39.45 19,114.08 Park Square I 10,547.82 10,745.44 10,547.82 - - 73.67 73.67 10,474.15 Park Square II 6,018.25 6,046.01 6,018.25 - - 27.73 27.73 5,990.52 Pasay Burgos 9,686.13 9,705.10 9,686.13 - - 29.17 29.17 9,656.96 Pasay Libertad 8,253.56 8,353.60 8,253.56 61.64 - 38.36 100.00 8,153.56 Pasay Rotonda 3,654.92 3,672.19 3,654.92 - - 8.00 8.00 3,646.92 Pasay Taft 5,762.20 6,047.01 5,762.20 36.32 - 20.65 56.97 5,705.23 Pasig Mabini 24,995.59 24,978.99 24,978.99 143.64 12.06 37.98 193.68 24,785.31 Pasig Mutya 14,350.45 14,537.08 14,350.45 36.70 - 214.95 251.65 14,098.80 Pasig San Joaquin 9,302.55 9,366.28 9,302.55 - - 64.78 64.78 9,237.77 Pasong Tamo 10,764.25 10,976.69 10,764.25 - - 57.67 57.67 10,706.58 Pateros 13,756.88 13,831.89 13,756.88 - - 76.45 76.45 13,680.43 Plaridel 12,670.28 12,716.95 12,670.28 - - 70.90 70.90 12,599.38 Pritil 3,717.48 3,728.55 3,717.48 - - 130.46 130.46 3,587.02 Q Plaza 25,533.84 25,669.59 25,533.84 128.75 - 247.15 375.89 25,157.95 Quezon Avenue 31,462.18 31,505.91 31,462.18 101.09 - 58.77 159.86 31,302.32 Quiapo 37,353.35 37,522,66 37,353.35 77.56 - 103.44 181.00 37,172.35 Quiapo Palanca 5,263.22 5,303.35 5,263.22 59.07 - 40.38 99.45 5,163.70 R. Hidalgo 6,288.08 6,372.05 6,288.08 - - 40.17 40.17 6,247.91 Recto Avenida 4,148.28 4,961.80 4,148.26 - - 813.54 813.54 3,334.72 Recto Quezon 684.74 684.75 684.74 - - - - 684.74 Recto Soler 7,299.61 8,151.78 7,299.61 32.80 - 844.07 876.87 6,422.74 Retiro 57,480.25 57,656.96 57,480.25 689.85 - 113.47 803.33 56,676.92 Roosevelt 12,762.23 12,766.13 12,762.23 - - 21.48 21.48 12,740.75 Rosario 6,216.23 9,414.40 6,216.23 19.19 - 11.25 30.44 6,185.79 Roxas Mckinley 29,294.48 30,687.36 29,294.48 176.71 - 1,061.8 1,238.587 28,055.90 San Carlos 3,066.19 3,252.30 3,066.19 - - 189.15 189.15 2,877.04 San Juan 62,293.30 59,272.38 59,272.38 241.80 - 194.27 436.07 58,836.31 San Pedro 25,609.57 29,399.75 25,609.57 385.35 - 3,884.48 4,269.84 21,339.73 Sangandaan 8,213.15 8,275.25 8,213.15 - - 24.29 24.29 8,188.86 Scout Borromeo 10,432.75 110,201.76 10,432.75 - - 125.19 125.19 10,307.56 Shoppesville 47,395.60 47,579.22 47,395.60 777.32 - 104.99 882.31 46,513.29 Silang 17,578.15 17,588.38 17,578.15 - - 12.58 12.58 17,565.57 Siniloan 4,299.26 4,265,43 4,265.43 - - 1.84 1.84 4,263.59 Sta. Ana 8,250.95 8,415.42 8,250.95 128.81 - 35.97 164.78 8,086.17 Sta. Cruz 25,879.61 26,632.37 25,879.61 - - 138.35 138.35 25,741.26 Sta. Maria 2,716.88 2,717.18 2,716.88 - - 2.55 2.55 2,714.33 Sta. Mesa Magsaysay 7,856.01 7,841.03 7,841.03 39.27 - 14.09 53.36 7,787.67 Sta. Mesa V. Mapa 13,527.69 13,605.26 13,527.69 13.75 - 143.46 157.21 13,370.48 Sto. Cristo 2,385.88 3,002.85 2,385.88 - - 16.85 16.85 2,369.03 Sucat 33,552.07 33,612.59 33,552.07 - 32.80 32.80 33,519.27 Tacloban Burgos 6,453.74 6,656.46 6,453.74 - 215.69 215.69 6,238.05 Tacloban Salazar 31,207.18 31,222.55 31,207.18 5,553.91 - 47.54 5,601.45 25,605.73 Tacurong 21,320.67 21,270.16 21,270.16 93.25 - 8.84 102.08 21,168.08 Tagbilaran 48,516.49 52,370.55 48,516.49 - - 1,907.25 1,907.25 46,609.24 Tagum 2,052.47 2,061.95 2,052.47 - - 7.94 7.94 2,044.53 Tanay 1,095.89 1,676.74 1,095.89 - - 6.71 6.71 1,089.18 Tandang Sora 24,644.10 24,641.96 24,641.96 - - 93.15 93.15 24,548.81 Taytay 9,584.53 9,763.82 9,584.53 - - 42.38 42.38 9,542.15 Trabajo 17,462.02 17,524.61 17,462.02 178.17 - 55.94 234.11 17,227.91 UN Taft 71,709.39 72,152.42 71,709.39 -- - 22.11 22.11 71,687.28 Valencia Poblacion 18,143.90 18,275.07 18,143.90 - - 41.66 41.66 18,102.24 Villalobos 11,906.93 11,965.52 11,906.93 - - 58.31 58.31 11,848.62 Zamboanga Climaco 14,003.18 14,056.20 14,003.18 43.84 - 44.07 87.91 13,915.27 Zamboanga Veterans 7,166.45 7,362.55 7,166.45 - - 26.77 26.77 7,139.68 Zapote 30,251.03 30,430.89 30,251.03 56.85 - 92.20 149.05 30,101.98 Glorietta - 202.15 - - - - - - TOTALS PER EXH. T-1 P3,719,287.68 P3,762,041.82 P3,603,000.29 P33,926.79 P414.04 P46,536.21 P80,877.04 P3,522,123.25 ============ ============ =========== =========== ========== ========== =========== SHOULD BE TOTAL 3,619,287.68 OVERSTATEMENT P(100,000.00) ============ A Sales discount without supporting document B Sales discount twice recorded C Overstatement of sales discount ANNEX B MERCURY DRUG CORPORATION SCHEDULE OF SENIOR CITIZEN'S DISCOUNTS & COURT'S DISALLOWANCES FOR THE YEAR ENDED DECEMBER 31, 1993 SUMMARY OF SALES DISCOUNT PER PETITIONER'S TO BE PETITIONER'S REGISTER OF CONSIDERED CLAIM SC AS BASIS FOR D I S A L L O W A N C E S TOTAL ALLOWABLE NAME OF BRANCH EXHIBIT T-1 TRANSACTION DISALLOWANCE A B C D DISALLOWANCE AMOUNT A Arnaiz P44,101.59 44,478.86 44,101.59 34,392.22 474.96 P- P10.99 34,878.17 P9,223.42 Alabang H-way 127,612.59 128,610.45 127,612.59 96,041.27 935.88 - 3.20 96,980.35 30,632.24 Alabang Montillano 171,115.37 170,651.63 170,651.63 128,874.19 288.06 - 133.90 129,294.15 41,357.47 Ali Mall 288,401.72 288,035.56 288,035.56 223,496.32 259.02 - 51.55 223,806.88 64,228.68 Antipolo 85,546.52 85,834.59 85,546.52 62,819.84 202.39 - 28.14 63,050.36 22,496.16 Ayala Twin Cinema 294,906.60 294,566.72 294,566.72 231,818.87 138.89 - 147.21 232,104.97 62,461.75 Baclaran Airport 172,152.92 172,308.85 172,152.92 132,514.67 2,209.15 - 32.05 134,755.88 37,397.06 Baclaran Quirino 171,395.75 171,046.42 171,046.42 133,209.15 524.99 - 125.91 133,860.05 37,186.37 Bacolod Araneta 340,547.87 339,036.42 339,036.42 225,486.55 7,016.26 84.65 1,698.28 234,285.74 104,750.68 Bacolod Libertad 85,978.24 85,494.09 85,494.09 56,684.38 217.75 - 22.11 56,924.24 28,569.85 Bacoor 202,499.70 203,193.79 202,499.70 163,230.36 366.53 79.58 59.35 163,735.82 38,763.88 Balagtas 124,293.39 124,728.69 124,293.39 88,302.86 638.65 - 127.13 89,068.65 35,224,74 Bambang 144,570.50 148,033.64 144,570.50 104,915.22 535.65 - 2,557.15 108,008.01 36,562.49 Banaue 228,314.87 225,729.21 225,729.21 171,127.36 872.56 - 123.51 172,123.44 53,605.77 Better Living 271,935.75 270,344.46 270,344.46 221,180.60 92.92 - 124.15 221,397.66 48,946.80 Binakayan 248,046.58 249,783.04 248,046.58 210,054.16 587.07 440.28 376.42 211,457.94 36,588.64 Bian Paterno 75,642.02 74,936.48 74,936.48 55,860.15 - 5.30 52.44 55,917.88 19,018.60 Bian Plaza 105,718.84 105,549.67 105,549.67 84,444.92 588.68 - 36.04 85,069.64 20,480.04 Blumentritt Avenida 169,151.50 173,499.69 169,151.50 131,517.14 548.55 - 1,001.48 133,067.17 36,084.33 Blumentritt Oroquieta 95,201.75 101,146.75 95,201.75 73,976.32 51.00 - 5,611.58 79,638.90 15,562.85 Broadway 339,846.90 348,115.63 339,846.90 234,348.69 2,380.87 1,087.24 4,433.17 242,249.97 97,598.93 Butuan 189,436.36 193,498.08 189,436.36 111,537.02 1,854.55 412.07 4,722.59 118,526.24 70,910.12 Cagayan Carmen 45,301.52 46,383.35 45,301.52 37,163.59 197.98 - 5.09 37,366.66 7,934.86 Cagayan J Borja 76,886.60 80,606.35 76,886.60 49,913.87 250.23 89.43 4,531.68 54,785.21 22,101.39 Cagayan Lapasan 89,857.74 97,666.71 89,857.74 66,437.22 1,421.51 - 6,916.81 74,775.54 15,082.20 Cagayan Osmea 14,133.74 40,944.15 14,133.74 14,133.74 - - - 14,133.74 - Cagayan P. Market 37,537.45 37,156.20 37,156.20 25,451.32 415.44 23.59 248.67 26,139.02 11,017.18 Cagayan T. Neri 271,146.38 271,801.59 271,146.38 177,625.98 1,936.17 - 273.81 179,835.96 91,310.42 Cainta Junction 120,453.58 120,614.05 120,453.58 85,267.37 190.95 44.20 6.01 85,508.54 34,945.04 Cainta Parola 86,792.15 92,697.69 86,792.15 70,315.41 156.90 26.27 6,510.23 77,008.81 9,783.34 Calamba Crossing 101,368.00 101,070.40 101,070.40 78,126.20 602.17 - 72.51 78,800.88 22,269.52 Calamba Pabalan 101,324.15 105,721.18 101,324.15 76,751.69 155.84 - 2,960.16 79,867.69 21,456.46 Calbayog 35,413.33 36,261.07 35,413.33 24,903.35 65.81 - 528.33 25,497.48 9,919.85 Catbalogan 85,294.64 84,791.49 84,791.49 54,212.12 414.98 - 802.60 55,429.70 29,361.79 Cavite 193,326.28 195,786.48 193,326.28 154,974.39 2,216.64 2.55 283.19 157,476.76 35,849.52 Cebu Carbon 6,243.26 6,155.01 6,155,01 4,199.55 - - 7.09 4,206.65 1,948.36 Cebu Fuente 166,032.54 166,076.59 166,032.54 95,977.10 1,709.60 - 690.51 98,377.21 67,655.33 Cebu Juan Luna 62,611.25 64,886.72 62,611.25 33,210.04 1,490.97 - 888.96 35,589.97 27,021.28 Cebu Lapulapu 1,512.65 1,506.02 1,506.02 1,506.02 - - - 1,506.02 - Cebu Leon Kilat 80,367.72 79,330.40 79,330.40 44,643.55 195.32 37.86 - 44,876.73 34,453.67 Cebu Tabunok 17,662.15 18,655.86 17,662.15 12,249.60 - - 1,329.11 13,758.71 3,903.44 Central Market 81,351.70 80,028.44 80,028.44 55,226.69 26.85 - 14.69 55,268.24 24,760.20 Cloverleaf 21,114.43 21,433.35 21,114.43 16,920.26 209.62 - - 17,129.88 3,984.55 Commonwealth Gotesco 24,966.25 24,987.54 24,966.25 24,966.25 - - - 24,966.25 - Congressional 621,765.25 623,859.64 621,765.25 437,428.36 2,476.95 - 4,947.77 444,853.08 176,912.17 Cotabato Magallanes 44,963.95 44,968.46 44,963.95 25,142.87 366.59 - 1,299.96 26,809.43 18,154.52 Cotabato Plaza 146,603.55 154,572.15 146,603.55 94,714.40 2,639.36 - 6,514.85 103,868.62 42,734.93 Cotabato Sinsuat 1,607.88 1,608.05 1,607.88 1,607.88 - - - 1,607.88 - Cubao Aurora 366,537.55 365,100.75 365,100.75 243,283.72 503.50 105.87 1,069.30 244,962.39 120,138.35 Cubao Quirino 419,645.24 422,788.74 419,645.24 284,291.09 749.57 - 203.71 285,244.37 134,400.87 Cubao Romulo 512,336.04 520,386.63 512,336.04 338,496.02 1,841.90 56.25 7,943.50 348,337.66 163,998.38 Davao Bankerohan 41,146.81 16,057.74 16,057.74 9,816.63 336.60 - 5,904.51 16,057.74 - Davao C M Recto 100,078,09 99,999.90 99,999.90 77,277.13 396.86 - 5,610.22 83,284.21 16,715.69 Davao Lapulapu 14,580.09 14,955.65 14,580.09 8,116.15 174.65 - 344.84 8,635.63 5,944.46 Davao Mati 22,243.25 24,983.98 22,243.25 19,245.34 2,983.06 - 14.85 22,243.25 - Davao Quirino 36,847.38 36,850.24 36,847.38 25,167.25 87.94 - - 25,255.18 11,592.20 Davao San Pedro 96,386.02 102,660.58 96,386.02 67,350.20 3,687.51 - 6,589.46 77,627.17 18,758.85 Del Monte 130,377.86 127,321.27 127,321.27 95,164.56 1,570.41 55.97 83.66 96,874.63 30,446.65 Digos 86,100.35 88,787.95 86,100.35 52,276.20 1,495.23 - 1,720.76 55,492.19 30,608.16 Diliman Citimall 241,682.66 241,913.63 241,682.66 241,682.66 - - - 241,682.66 - Dumaguete 237,872.99 251,384.24 237,872.99 156,954.21 1,001.31 - 15,311.81 173,267.33 64,605.66 Earnshaw 57,480.55 57,262.45 57,262.45 43,410.09 319.53 - 8.05 43,737.67 13,524.77 Edsa Central 204,886.54 213,821.99 204,886.54 136,862.04 1,039.18 - 7,853.72 145,754.94 59,131.60 Edsa Libertad 250,741.31 248,988.44 248,988.44 182,940.21 384.75 68.40 318.45 183,711.82 65,276.62 Edsa Mayflower 323,301.23 230,541.00 230,541.00 166,204.09 142.71 73.61 64,120.59 230,541.00 - Edsa Ortigas 166,411.92 166,204.71 166,204.71 130,449.07 119.71 - 739.13 131,307.91 34,896.80 Edsa Pioneer 34,621.13 58,745.31 34,621.13 34,417.57 108.58 76.75 18.23 34,621.13 - Edsa Plaza 98,868.58 97,077.22 97,077.22 97,077.22 - - - 97,077.22 - Edsa Shaw 92,156.47 92,865.20 92,156.47 63,859.24 381.06 - 922.27 65,162.57 26,993.90 Edsa West 507,791.66 524,152.25 507,791.66 390,916.15 966.74 - 14,289.04 406,171.93 101,619.73 Ermita 115,266.96 116,673.73 115,266.96 92,881.43 57.91 - 3.30 92,942.64 22,324.32 Escolta 70,639.92 71,085.80 70,639.92 52,102.67 238.37 - 2.80 52,343.85 18,296.07 Espaa 118,199.01 118,789.34 118,789.34 88,720.90 442.05 - 850.04 90,012.99 28,776.35 Fairview 214,751.55 215;808.10 214,751.55 164,307.71 944.59 - 2.23 165,254.53 49,497.02 Farmer's Plaza 319,346.25 339,089.33 319,346.25 215,950.64 933.22 - 17,862.86 234,746.72 84,599.53 Gagalangin 73,423.07 74,943.35 73,423.07 59,537.71 380.25 - - 59,917.95 13,505.12 Gen. Santos Acheron 113,450.79 115,654.15 113,450.79 75,316.05 1,207.21 324.24 2,134.98 78,982.48 34,468.31 Gen. Santos Pioneer 84,141.85 86,614.75 84,141.85 54,189.25 716.96 - 3,218.56 58,124.77 26,017.08 Gil Puyat Dian 136,647.31 139,194.19 136,647.31 116,679.96 79.08 - 29.58 116,788.63 19,858.68 Gil Puyat Urban 229,559.83 225,015.45 225,015.45 166,829.15 76.80 47.35 152.27 167,105.56 57,909.89 Gil Puyat Washington 63,316.77 63,255.50 63,255.50 49,210.18 309.73 - - 49,519.91 13,735.59 Greenhills 414,730.37 418,448.82 414,730.37 336,490.90 2,393.23 - 148.48 339,032.61 75,697.76 Guadalupe 141,426.67 142,800.13 141,426.67 110,976.95 1,319.01 - 85.81 112,381.77 29,044.90 Harrison Plaza 189,470.60 190,686.14 189,470.60 144,116.34 459.47 - 699.97 145,275.78 44,194.82 Iligan Palao 95,685.73 95,032.74 95,032.74 64,060.51 1,026.66 131.84 6,832.06 72,051.07 22,981.66 Iligan Quezon 139,992.52 149,679.54 139,992.52 83,305.36 1,594.75 74.30 9,086.49 94,060.90 45,931.62 Iloilo Iznart 1,119,972.15 1,138,590.26 1,119,972.15 748,961.86 17,691.42 155.55 12,307.75 779,116.59 340,855.56 Iloilo La Paz 376,415.05 392,392.64 376,415.05 259,090.13 125.78 - 18,648.22 277,864.13 98,550.92 Iloilo Mabini 163,170.50 164,371.45 163,170.50 101,932.32 800.74 66.73 2,033.58 104,833.36 58,337.14 Iloilo Valeria 1,190,897.41 1,189,431.25 1,189,431.25 762,579.66 9,929.84 94.39 6,413.77 779,017.66 410,413.59 Imus 255,009.54 255,536.75 255,009.54 226,283.05 713.75 - 419.01 227,415.82 27,593.72 Kalentong General 257,739.08 264,109.48 257,739.08 181,525.32 2,088.75 36.45 7,259.60 190,910.12 66,828.96 Kalentong Pershing 189,106.42 198,938.32 189,106.42 139,073.02 917.77 45.29 9,047.32 149,083.40 40,023.02 Kalibo 547,956.07 559,868.00 547,956.07 329,617.24 992.07 201.82 12,421.06 343,232.19 204,723.88 Kalookan 11th Avenue 94,471.33 94,783.05 94,471.33 72,352.84 113.54 40.53 69.72 72,576.62 21,894.71 Kalookan 9th Avenue 94,509.95 103,018.59 94,509.95 71,544.03 949.48 - 10,720.85 83,214.35 11,295.80 Kalookan Gotesco 344,451.77 343,802.10 343,802.10 273,131.39 667.82 - 1,867.19 275,666.40 68,135.70 Kalookan Monumento 279,730.35 283,558.40 279,730.35 202,990.73 858.69 - 5,111.15 208,960.56 70,769.79 Kalookan Plaza 162,141.84 165,669.39 162,141.84 113,626.01 678.02 - 2,494.45 116,798.48 45,343.36 Kalookan Samson Road 1,044.65 1,157.65 1,044.65 1,044.65 - - - 1,044.65 - Karuhatan 72,655.33 73,730.47 72,655,33 54,926.85 21.18 - 66.06 55,014.09 17,641.24 Koronadal Alunan 56,612.78 59,268.80 56,612.78 38,653.18 781.65 - 2,505.25 41,940.07 14,672.71 Koronadal Zulueta 154,646.72 164,794.63 154,646.72 104,787.73 2,361.60 - 10,889.29 118,038.62 36,608.10 Lagro 103,465.02 104,273.31 103,465.02 78,657.95 - - 119.42 78,77.37 24,687.65 Landmark 131,542.05 135,696.99 131,542.05 97,089.89 133.44 - 3,335.64 100,558.96 30,983.09 Laong Laan 180,065.80 179,312.24 179,312.24 133,059.68 25.96 - 66,15 133,151.79 46,160.45 Las Pias 451,034.05 459,725.16 451,034.05 332,616.45 1,745.91 71.48 5,614.68 340,048.52 110,985.53 Legarda Gastambide 57,374.12 57,781.50 57,374.12 39,823.43 919,97 - 197.93 40,941.33 16,432.79 Los Baos 265,309.30 266,637.75 265,309.30 199,963.35 346.48 678.61 69.15 201,057.59 64,251.71 Magallanes 390,839.58 397,982.34 390,839.58 310,141.47 2,060.06 - 232.39 312,433.93 78,405.65 Makati J.P. Rizal 256,404.94 259,261.50 256,404,94 193,862.25 2,333.36 - 65.03 196,260.64 60,144.30 Malabon Hulong Duhat 68,201.56 68,280.47 68,201.56 68,201.56 - - - 68,201.56 - Malabon Plaza 336,867.99 337,506.98 336,867.99 254,462.08 907.73 58.36 154.50 255,582.67 81,285.32 Malanday 68,128.83 70,033.11 68,128.83 53,680.74 416.10 - 165.57 54,262.41 13,866.42 Malaybalay Fortich 137,147.73 162,003.24 137,142.73 99,614.76 327.34 9.53 17,679.98 117,631.61 19,511.12 Malibay 101,537.16 115,016.83 101,537.16 100,367.57 733.46 - 436.13 101,537.18 - Malinta 55,423.79 56,281.52 55,423.79 43,814.92 - - 3.10 43,818.02 11,605.77 Malolos Plaza 292,252.97 300,005.19 292,252.97 202,539.63 1,907.52 - 6,809.39 211,256.54 80,996.43 Mandaue 51,820.07 51,454,30 51,454.30 27,823.77 5,335.23 - 27.49 33,186.49 18,267.81 Marikina Concepcion 390,311.15 394,590.33 390,311.15 279,371.91 2,215.59 - 4,205.76 285,793.26 104,517.89 Marikina dela Paz 276,999.40 276,618.65 276,618.65 197,247.19 212.58 - 279.40 197,739.17 78,879.48 Marikina J.P. Rizal 139,472.21 139,024.94 139,024.94 106,982.52 52.15 22.09 684.43 107,741.19 31,283.75 Masinag 71,824.23 72,571,45 71,824.23 53,169.94 23.44 - 0.91 53,194.28 18,629.95 Maypajo 46,238.75 51,447.31 46,238.75 36,304.19 176.61 - 4,830.03 41,310.83 4,927.92 Meycauayan H-way 58,539.05 59,131.75 58,539.05 58,335.87 203.18 - - 58,539.05 - Meycauayan Plaza 108,077.72 107,119.60 107,119.60 64,611.93 477.96 - 12.43 65,102.32 42,017.28 Midsayap 10,777.11 10,772.55 10,772.55 10,772.55 - - - 10,772.55 - Morong 40,409.69 40,061.90 40,061.90 31,064.57 - - - 31,064.57 8,997.33 Muntinlupa 137,189.94 138,626.29 137,189.94 109,103.14 513.61 - 1,782.55 111,399.30 25,790.64 Murphy 169,602.09 171,239.12 169,602.09 118,221.94 664.82 - 66.47 118,953.23 50,648.86 Naic 108,493.53 109,382.80 108,493.53 75,843.16 122.83 - 9.72 75,975.71 32,517.82 Nepa Q. Mart 277,683.23 276,072.75 276,072.75 171,500.91 207.43 - 1,981.10 173,689.44 102,383.32 Nolasco 91,282.87 90,998.75 90,998.75 70,098.29 418.89 - 9.81 70,526.99 20,471.75 Northbay 92,752.50 91,830.00 91,830.00 70,858.01 257.21 - 4.01 71,119.23 20,710.77 Novaliches Plaza 113,297.33 115,077.01 113,297.33 89,773.72 314.32 - 22.94 90,110.97 23,186.36 Novaliches Quirino 61,782.68 63,701.78 61,782.68 45,063.61 162.75 - 2,074.71 47,301.07 14,481.61 Novaliches Susano 76,071.63 76,773.77 76,071.63 60,739.63 469.91 50.91 23.50 61,283.95 14,787.68 Ormoc 51,475.29 54,755.35 51,475.29 31,820.52 474.48 21.58 3,270.26 35,586.65 15,888.44 Ozamis 162,311.38 183,510.39 162,311.38 97,829.06 207.06 232.02 21,444.70 119,712.85 42,598.53 Paco Paz 188,271.72 194,781.75 188,271.72 133,945.62 284.28 75.92 4,117.55 138,423.37 49,848.35 Paco Pedro Gil 172,831.46 172,750.63 172,831.46 129,499.86 632.42 31.96 14.66 130,178.91 42,652.55 Pagadian 28,564.55 31,405.04 28,564.56 23,108.09 - - 2,484.56 25,592.65 2,971.91 Paraaque 289,775.48 290,665.70 289,775.48 219,040.12 2,165.78 - 146.01 221,351.91 68,423.57 Park Square I 151,700.13 147,343.35 147,343.35 113,569.45 682.84 - 241.39 114,593.68 32,749.67 Park Square II 172,878.12 185,306.51 172,878.12 146,376.03 67.35 - 8,368.87 154,812.25 18,065.87 Pasay Burgos 274,091.75 276,510.37 274,091.75 208,506.22 21,769.20 - 2,313.60 232,589.02 41,502.73 Pasay Libertad 205,616.57 206,355.18 205,616.57 169,170.21 276.33 - 70.13 169,516.66 36,099.91 Pasay Rotonda 76,678.52 76,867.97 76,678.52 60,668.55 393.62 - 22.97 61,085.14 15,593.38 Pasay Taft 168,411.85 170,466.15 168,411.85 39,341.13 209.62 - 23.04 139,573.78 28,838.07 Pasig Mabini 263,680.02 274,545.19 263,680.02 193,866.18 3,055.28 - 11,687.76 208,619.23 55,060.79 Pasig Mutya 103,896.32 114,541.38 103,896.32 76,273.49 161.92 - 10,725.45 87,160.85 16,735.47 Pasig San Joaquin 139,328.22 144,376.57 139,328.22 96,550.83 203.73 122.65 5,101.79 101,978.99 37,349.23 Pasong Tamo 154,102.83 154,604.41 154,102.83 122,946.68 182.29 - 13.00 123,141.97 30,960.86 Pateros 232,401.35 231,811.29 231,811.29 183,301.42 1,141.63 42.05 1,306.52 185,791.62 46,019.67 Plaridel 132,548.65 132,487.35 132,487.35 86,583.88 9,454.90 - 14.15 96,052.93 36,434.42 Pritil 73,983.93 74,963.08 73,983.93 57,573.23 614.97 - 835.40 59,023.60 14,960.33 Q Plaza 351,920.04 354,287.78 351,920.04 273,421.50 1,062.01 - 2,605.05 277,088.55 74,831.49 Quezon Avenue 299,740.31 300,472.92 299,740.31 233,658.47 1,277.00 - 4,103.06 239,038.54 60,701.77 Quiapo 381,246.33 378,987.55 378,987.55 239,503.30 2,802.43 - 1,995.88 244,301.61 134,685.95 Quiapo Palanca 50,003.09 49,849.61 49,849.61 37,907.27 280.38 - 2.98 38,190.64 11,658.97 R. Hidalgo 77,655.35 78,928.04 77,655.35 58,470.95 111.51 - 19.40 58,601.86 19,053.49 Recto Avenida 56,898.75 57,481.80 56,898.75 46,131.05 165.54 58.71 - 46,355.29 10,543.46 Recto Quezon 32,879.35 33,305.44 32,879.35 26,929.87 186.53 - 245.85 27,362.25 5,517.10 Recto Soler 89,703.00 90,163.71 89,703.00 66,193.59 310.31 78.80 128.42 66,711.12 22,991.88 Retiro 410,419.31 416,528.43 410,419.31 299,659.23 1,096.75 314.85 4,227.15 305,297.97 105,121.34 Roosevelt 119,587.42 124,574.92 119,587.42 82,887.30 5,201.58 85.09 203.35 88,377.32 31,210.10 Rosario 93,690.75 81,631.30 81,631.30 61,430.81 40.55 - 7,310.76 68,782.12 12,849.18 Roxas Mckinley 751,356.22 776,182.43 751,356.22 511,787.90 2,802.39 89.35 26,999.50 541,679.14 209,677.08 San Carlos 25,489.18 25,479.14 25,479.14 14,686.83 105.97 - 4.06 14,796.86 10,682.27 San Jose Antique 135,940.52 134,502.74 134,502.74 95,654.65 628.84 - 354.97 96,638.46 37,864.27 San Juan 408,422.76 412,318.55 408,422.76 296,423.23 4,965.67 - 365.61 301,754.51 106,668.25 San Pedro 277,679.21 280,055.75 277,679.21 219,159.25 1,849.69 - 100.10 221,109.05 56,570.16 Sangandaan 150,996.89 150,581.69 150,581.69 111,907.73 629.39 - 37.55 112,574.67 38,007.02 Scout Borromeo 883,450.08 886,932.76 883,450.08 639,051.60 4,160.51 111.89 6,491.05 649,815.05 233,635.03 Shoppesville 426,161.56 428,089.97 426,161.56 313,690.14 834.65 - 1,745.05 316,269.84 109,891.72 Silang 122,200.85 128,197.00 122,200.85 88,065.59 400.19 27.07 4,879.93 93,372.78 28,828.07 Siniloan 72,396.37 72,774.49 72,396.37 46,487.30 444.81 - 12.46 46,944.57 25,451.80 Sta. Ana 182,967.99 183,151.52 182,967.99 149,861.27 222.84 - 133.20 150,217.31 32,750.68 Sta. Cruz 262,960.21 262,721.35 262,721.35 190,280.37 938.11 - 261.83 191,480.31 71,241.05 Sta. Maria 135,489.93 138,010.55 135,489.93 120,554.45 198.26 - 193.78 120,946.50 14,543.43 Sta. Mesa Magsaysay 83,720.50 87,925.25 83,720.50 66,862.05 227.33 - 3,391.54 70,480.91 13,239.59 Sta. Mesa V. Mapa 138,823.86 138,843.63 138,823.86 105,229.89 201.50 - 78.31 105,509.70 33,314.16 Sta. Rosa 111,718.53 111,786.18 111,718.53 99,320.28 75.96 - 4.11 99,400.35 12,318.18 Sto. Cristo 26,413.69 26,904.73 26,413.69 22,897.45 - 110.28 - 23,007.74 3,405.95 Sucat 439,956.12 444,752.89 439,956.12 331,693.89 3,702.84 - 3,188.54 338,585.26 101,370.86 Tacloban Burgos 39,292.53 41,650.99 39,292.53 22,654.47 184.27 - 2,424.05 25,262.79 14,029.74 Tacloban Salazar 199,480.15 199,153.76 199,153.76 120,219.85 900.86 47.47 214.54 121,382.72 77,771.05 Tacurong 107,347.21 109,439.16 107,347.21 65,464.95 1,062.67 315.34 1,891.46 68,734.42 38,612.79 Tagbilaran 215,137.56 226,299.43 215,137.56 124,997.78 2,810.65 - 10,528.97 138,337.40 76,800.16 Tagum 40,376.71 41,319.09 40,376.71 28,598.30 235.62 - 1,270.52 30,104.44 10,272.27 Tanay 71,868.92 71,939.81 71,868.92 53,708.50 1,018.43 - 157.10 54,884.03 16,984.89 Tandang Sora 307,163.14 316,011.20 307,163.14 226,198.24 149.72 - 4,340.16 230,688.12 76,475.02 Taytay 119,627.35 120,667.27 119,627.35 86,929.70 811.33 - 30.05 87,771.07 31,856.28 Trabajo 230,194.24 228,852.75 228,852.75 182,485.89 1,409.81 8.46 13.25 183,917.42 44,935.33 UN Taft 381,000.62 382,993.34 381,000.62 239,938.56 700.25 736.51 654.70 242,030.03 138,970.59 Valencia Poblacion 66,418.28 68,424.57 66,418.28 44,218.07 1,869.15 23.56 428.31 46,539.10 19,879.18 Villalobos 145,356.22 146,645.65 145,356.22 108,898.88 49.24 - 357.98 109,306.10 36,050.12 Zamboanga Climaco 67,793.08 69,467.69 67,793.08 41,945.45 1,923.85 16.65 2,348.93 46,234.87 21,558.21 Zamboanga Veterans 33,450.58 42,706.26 33,450.58 21,560.59 1,133.15 33.09 6,118.20 28,845.04 4,605.54 Zapote 269,609.23 269,027.30 269,027.30 190,086.10 1,328.62 - 197.30 191,612.02 77,415.28 Glorietta - 918.49 - - - - - - - S/S Branches - 6,633.65 - - - - - - - TOTALS PER EXH. T-1 P35,500,593.54 P36,038,775.19 P35,414,211.68 P25,743,699.32 P224,269.15 P7,462.66 P559,985.28 P26,535,416.41 P8,878,795.27 ============= ============= ============ ========== ========= ========== ========== =========== ========= SHOULD BE TOTAL 35,589,596.54 Overstatement of sales discount 89,003.00 UNDERSTATEMENT P89,003.00 Adjusted sales discount P8,789,792.27 ============= ============ A With original receipt B Sales discount without supporting document C Sales discount twice recorded D Overstatement of sales discount