Court of Tax Appeals · Second Division

Gorones Development Corporation vs. Commissioner of Internal Revenue

CTA Case No. 6363 September 1, 2006 PALANCA-ENRIQUEZ

REPUBLIC OF THE PHILIPPINES

Court Of Tax Appeals

QUEZON CITY

SECOND DIVISION

GORONES DEVELOPMENT C.T.A. CASE NO. 6363

CORPORATION (now known as

Aboitiz Construction Group, Members:

Incorporated),

Petitioner, | CASTANEDA, JR., Chairman

UY, and

PALANCA-ENRIQUEZ, JJ.

-versus-

Promulgated:

COMMISSIONER OF INTERNAL

REVENUE, SEP 0 1 2006 c

Respondent. Ae

X ween ncn eect nent cnn nnn enn nner nein nnn nn nnn ne X

DECISION

PALANCA-ENRIQUEZ, J.:

Is Gorones Development Corporation (now known as Aboitiz Construction Group, Incorporated, hereafter “petitioner”) entitled to a refund or issuance of a tax credit certificate in the amount of P787,260.07, allegedly representing overpaid output VAT on government Mee C.T.A. CASE NO. 6363 2 DECISION contracts entered into by petitioner and the Department of Public Works and Highways (hereafter ““DPWH”)?

THE CASE

This is the issue in this Petition For Review filed by the petitioner praying for the refund or issuance of tax credit certificate in the amount of P787,260.07, allegedly representing erroneously paid Value Added Tax (hereafter “VAT”’) on government contracts entered into by petitioner and the DPWH which were withheld and remitted by the latter on December 29, 1999 and January 10, 2000.

THE FACTS

The facts are not in dispute.

Petitioner is a corporation organized and existing under Philippine laws and is engaged mainly in construction business and leasing of heavy equipments, with principal office address at 3 Floor, Chua Tiam Building, A. Del Pilar Street, Guizo, Mandaue City.

Sometime in January 1995, petitioner entered into a Contract Agreement with the DPWH for the construction/improvement of arterial roads and causeway of Metro Cebu Development Project Phase II. be

| O-

[3 JL) C.T.A. CASE NO. 6363 3 DECISION August 15, 1996, another Agreement was executed between petitioner and the DPWH for the construction/restoration of Cebu Transcentral Road, Contract Package No. 06, Highway Management Project. The third Contract and Agreement was executed between the same parties on January 23, 1997 for the Implementation of Civil Works for Contract Package V, Buenavista-Talibon Section, Bohol Province, under the Arterial Road Development Project, Phase I (Bohol Circumferential Road Improvement Project). These government contracts allegedly gave rise to unutilized creditable withholding VAT in the amounts of P590,826.75 and P196,433.32, which were remitted on December 29, 1999 and January 10, 2000.

For the period October 1, 1999 to January 31, 2000, petitioner filed its Quarterly Value-Added Tax Return and Monthly Value-Added Tax Declaration reflecting an aggregate excess input tax in the amount of P40,565,046.99, as of January 31, 2000 (Annexes “K” and “L”, Petition for Review).

Petitioner believed that it has overpaid its output value-added tax (VAT) liability for the period October 1, 1999 to January 31, 2000 inasmuch as its monthly VAT declaration shows an excess input tax_in C.T.A. CASE NO. 6363 4 DECISION the amount of P40,565,046.99 and part of the P40,565,046.99 was the amount of P787,260.07 as creditable input VAT withheld by the DPWH.

Hence, on the basis thereof, petitioner filed on two separate occasions written applications for claim for refund or issuance of tax credit certificate with the Commissioner of Internal Revenue (hereafter “respondent”). The first application was filed on January 10, 2000 in the amount of P22,160,072.75 which included the sum of P590,826.75 (Annex “M”, Petition for Review), while the second application was filed on January §, 2001 in the amount of P2,328,098.30 which included the sum of P196,433.32 (Annex “N”, Petition for Review).

On September 8, 2000, petitioner changed its corporate name from Gorones Development Corporation to Aboitiz Construction Group, Incorporated, as certified by the Securities and Exchange Commission through the Certificate of Filing of Amended Articles of Incorporation dated October 24, 2000.

On December 6, 2001, petitioner filed the instant Petition for Review with this Court in order to toll the running of the two-year prescriptive Wee period under the law.

Fe \~7 (4 C.T.A. CASE NO. 6363 5 DECISION On January 10, 2002, respondent filed his Answer alleging by way of Special and Affirmative Defenses that the petitioner has failed to demonstrate that the taxes sought to be refunded were erroneously or illegally collected; that in an action for tax refund/credit, the burden of proof is upon the taxpayer to establish its right to refund and failure to adduce sufficient proof is fatal to the action for tax refund/credit; that it 1s incumbent upon the petitioner to show that it has complied with the provision of Section 204 in relation to Section 229 of the Tax Code, as amended, and that claims for refund are construed strictly against the claimant for the same partakes of the nature of exemption from taxation.

Petitioner presented Luis Canete, Jimmy Bacalso, and Marichu Durangparang, as witnesses, and submitted documentary exhibits, which were admitted by the Court, with the exception of Exhibits “C”, “C-J8, “D”, and “D-18".

On the other hand, respondent submitted the case for decision, without presenting any evidence.

Thereafter, both parties were ordered to file their respective memoranda, within thirty (30) days from notice. Considering that only C.T.A. CASE NO, 6363 6 DECISION petitioner filed its Memorandum on March 12, 2004, the case was deemed submitted for decision on March 24, 2004.

On September 9, 2004, petitioner filed a “Motion To Reopen the Case For Further Presentation of Evidence”, and there being no opposition from the respondent, the Court granted the motion.

Petitioner presented Marichu Durangparang, Ramoncito Ona, Narciso Laguerta, Maria Soledad Maddela, Fe Caling, Ferrari Llamson, Jonathan Pecoro, as additional witnesses, and additional documentary exhibits, marked as Exhibits “V", “VI,” W",” X”,” Y¥",” Z”,” AA”, “BB”,” CC”, and “CC-1”, which were admitted by the Court, with the exception of Exh. “Y”, for failure of petitioner to present the original document for comparison.

Thereafter, respondent was granted thirty (30) days from January 23, 2006 to file his Memorandum, while petitioner was given twenty (20) days from notice to file its Memorandum, afterwhich the case shall be deemed submitted for decision.

Be C.T.A. CASE NO. 6363 7 DECISION Considering that only the petitioner filed its “Supplemental Memorandum” on February 23, 2006, the case was deemed submitted for decision on March 23, 2006.

ISSUES

As stipulated upon by the parties, the following are the issues for the consideration of this Court:

FACTUAL I WHETHER OR NOT THERE IS A VAT PAYABLE BY

THE PETITIONER FOR THE 4™ QUARTER OF 1999

UNDER BIR TAX RETURN 2550Q FILED BY THE

PETITIONER AT BIR MANDAUE DISTRICT.

WHETHER OR NOT THERE ARE VAT PAYABLES

OR TAX PAYABLES BY THE PETITIONER FOR THE

MONTH OF JANUARY 2000 AND THE FIRST

QUARTER OF 2000 UNDER ITS VAT RETURNS (BIR

FORMS 2250M AND 2250Q FOR SAID PERIOD

FILED BY THE PETITIONER IN BIR MANDAUE

DISTRICT.

WHETHER OR NOT THE FOLLOWING AMOUNTS

WITHHELD BY DPWH FROM ITS PAYMENT TO

THE PETITIONER ARE STILL UNUSED BY THE

C.T.A. CASE NO. 6363 8 DECISION

PETITIONER OR STILL OUTSTANDING IN THE

PETITIONER’S BOOK OF ACCOUNTS UP TO THE

PRESENT.

Month of Withholding §=Amount Withheld by DP WH from Petitioner December 1999 P590,826.75 January 10, 2000 196,433.32 LEGAL ]

WHETHER OR NOT THE MONTHLY VALUE

ADDED TAX WITHHELD AT SOURCE BY DPWH

FROM ITS PAYMENT TO THE PETITIONER AND

PAID TO THE BIR PART OF THE LATTERS INPUT TAX AS THE SAID TERM IS DEFINED UNDER THE

SECOND TO THE LAST PARAGRAPH OF SECTION

110 (A) OF THE TAX CODE.

WHETHER OR NOT PETITIONER IS CLAIMING

TAX CREDIT OR REFUND OF EXCESS INPUT TAX

UNDER SECTION 112 OF THE TAX CODE.

WHETHER OR NOT PETITIONER IS ENTITLED TO

CLAIM UNDER SECTION 204 © OF THE TAX CODE

AS REFUND OR TAX CREDIT THE EXCESSIVE

PAYMENT OF VAT COVERING THE PERIOD 41! QUARTER OF 1999 TO FIRST QUARTER OF 2000.

C.T.A. CASE NO. 6363 9 DECISION

THE COURT’S RULING

The Petition is devoid of merit.

Principal Issue The foregoing issues raised by both parties boil down to the principal issue of whether nor not petitioner is entitled to a refund or issuance of a tax credit certificate in the amount of P787,260.07, representing overpaid output VAT on government contracts entered into by petitioner and the DPWH.

Petitioner’s Arguments Petitioner’s principal contention is that it has overpaid its output VAT liability (by way of unutilized creditable VAT in the amount of P787,260.07) for the period October J, 1999 to January 31, 2000 since it has an unapplied input VAT credits of P40,565,046.99 as of January 31, 2000.

Petitioner anchors its claim for tax refund or issuance of tax credit certificate on Section 229 of the National Internal Revenue Code of 1997, as amended (hereafter “NIRC of 1997, as amended’), which provides:

C.T.A. CASE NO. 6363 10 DECISION “SEC. 229. Recovery of Tax Erroneously or Illegally Collected. - No suit or proceeding shall be maintained in any court for the recovery of any national internal revenue tax hereafter alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessively or in any manner wrongfully collected, until a claim for refund or credit has been duly filed with the Commissioner; but such suit or proceeding may be maintained, whether or not such tax, penalty, or sum has been paid under protest or duress.

In any case, no such suit or proceeding shall be filed after the expiration of two (2) years from the date of payment of the tax or penalty regardless of any supervening cause that may arise after payment: Provided, however, That the Commissioner may, even without a written claim therefore, refund or credit any tax, where on the face of the return upon which payment was made, such payment appears clearly to have been erroneously paid.”

Discussion

Before discussing the factual issues raised by the parties, the Court finds it necessary to first determine if indeed petitioner has unutilized input VAT credits in the amount of P40,565,046.99 as of January 31, 2000 and whether or not the amounts of creditable VAT withheld appearing in the VAT returns for the period January 1, 1998 to December C.T.A. CASE NO. 6363 is DECISION 31, 1999 are supported by certificates of withholding and/or other valid documents.

Petitioner’s Evidence-In-Chief After a careful examination and evaluation of the evidence-in-chief presented by petitioner, the Court finds the following discrepancies:

1) The Commissioned Independent CPA did not conduct a detailed audit. This is evident in the audit procedures’ phrases appearing in the CPA Report, such as “Examined substantially all of the suppliers’ invoices xxx” and “Computed xxx on test basis” (Exhibit “A’”’);

2) The exceptions noted by the Commissioned Independent CPA pertain mostly to input taxes, with no supporting documents in the total amount of P4,997,192.47 for the years 1998 to 2002 (Exhibit “C-18”);

and 3) The input VAT credits as of December 31, 1997 are unsubstantiated, for the reason that the petitioner failed to present the corresponding evidence to said input VAT credits. Neither was there a C.T.A. CASE NO. 6363 12 DECISION pre-marked document prior to 1998 in the report of the Commissioned Independent CPA.

In view of the above discrepancies, the Court deems it necessary to further examine the evidence adduced by the petitioner to determine the validity of its claim.

After a careful scrutiny of the invoices and official receipts submitted by petitioner to support its unutilized input VAT for the years 1998 to 1999, the Court finds that said invoices and official receipts do not conform with the VAT Invoicing Requirements, prescribed under Sections 108(C), 113, 237, 238 of the NIRC of 1997, as amended, and Section 4.108-1 of Revenue Regulations No. 7-95, as hereinbelow shown:

For the Year 1998 (See Annex “A” for details) FINDINGS ist Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total 1 Input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note and Delivery Receipts P 40,540.40 P 646,811.85 P 69,463.58 P 88,850.37 P 845,666.20 2 Input VAT supported by invoices OR not in the name of petitioner 2,586.72 12,226.33 47.6 102.64 14,963.29 3 Additional input VAT with no supporting document 23,449.15 72,506.22 178,647.90 336,088.77 610,692.04 4 Input VAT with no V, TIN, TIN/V or BIR Permit No. 96,549.76 97,923.32 10,384.33 63,740.84 268,598.25 C.T.A. CASE NO. 6363 13 DECISION 5 Non-VAT Invoices/OR 15,089.80 22,240.07 16,283.31 8,183.64 61,796.82 6 Input VAT on sales of services not supported by OR 1,112,999.43 1,110,488.64 1,127,686.60 1,793,009.15 5,144,183.82 7 Input VAT supported by invoices/ OR not formally offered 48,551.87 17,832.93 10,451.55 76 836.35 8 Overstated input VAT 57,454.54 20,296.37 77,750.91 Total P1,291,215.26 P2,068,202.84 P1,420,346.25 P2,320,723.33 P 7,100,487 .68 For the Year 1999 (See Annex “B" for details) FINDINGS 4st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total Input VAT supported only by = Billing Statement, Account Summary, Debit Memo, Debit Note and Delivery Receipts P 60,987.95 P 81,356.47 P 148,704.12 P 127,918.81 P 418,967.35 2 Input VAT supported by invoices OR not in the name of petitioner 242 1,125.27 745.11 2,631.59 4,743.97 3 Additional input VAT with no supporting document 202,326.31 119,464.97 45,665.82 15,701.56 383,158.66 4 Input VAT with no V, TIN, TIN/V or BIR Permit No. 185,943.84 87,140.99 179,283.93 27,261.85 479,630.61 5 Non-VAT Invoices/OR 18,999.33 33,187.35 73,718.76 125,905.44 6 Input VAT on sales of services not supported by OR 950,821.55 615,216.43 960,068.15 1,201,032.07 3,727 ,138.20 Total P1,419,320.98 P 937,491.48 P1,334,467.13 P1,448,264.64 P 5,139,544.23 Grand Total P2,710,536.24 P3,005,694.32 P2,754,813.38 P3,768,987.97 P12,240,031.91 Therefore, the amount of P12,240,031.91 which is supported by invalid VAT documents does not yield input VAT credit. The Court, C.T.A. CASE NO. 6363 14 DECISION likewise, disallows the input taxes prior to 1998 in the amount of P19,907,892.83 (Exhibit “B-2”) for failure of petitioner to present the corresponding supporting documents. Petitioner’s Additional Evidence The additional evidence presented by petitioner consisting of the following:

1) Affidavit of Marichu Durangparang (Exhibit “V") and Jonathan Pecoro (Exhibit “CC’”);

2) Testimonies of Ramoncito Ona, Narciso Laguerte, Maria Soldedad Maddela, Fe Galing and Ferrari Llamson;

3) Letters of Authority Nos. 130878 and 19424 for the years 1996 and 1997 (Exhibits “W” and “Z”),; and 4) Letter of Termination No. 004527 for the taxable year 1996 (Exhibit X);

to prove that its input taxes prior to 1998 are valid cannot likewise be We given evidentiary weight.

C.T.A. CASE NO. 6363 15 DECISION The Court notes that the aforementioned evidence pertain to the assessment of internal revenue taxes of petitioner and not for purposes of VAT refund. Respondent’s determination of petitioner’s tax liabilities for the years 1996 and 1997 will not in any way affect the Court’s independent evaluation of petitioner’s claim for refund.

As regards the creditable withholding VAT for the period January 1998 to February 2002 (Exhibit “E”) and the output VAT liabilities for the years 1998 to 2002 (Exhibit “B”), the Court finds the Certificates of Creditable Tax Withheld at Source, the Monthly Remittance Returns of Internal Revenue Taxes Withheld on Government Money Payments VAT, the Certification issued by the Revenue Accounting Division and the Quarterly VAT Returns for the same period (Exhibits “B-2” to” B-18”", “E-1" to “E-63”, “F-1" to “F-3”, “G-1” to “G-31") sufficient and We adopt the figures appearing therein.

With the above evaluation, the Court finds the following as the validly supported input VAT for the first quarter of 1998 to the fourth quarter of 1999, to wit: pee

Period Input VAT Per Disallowed Input VAT Allowable Involved Qtry. Return Per Court Per CPA input VAT 1" Qtr. 1998 P §,591,055.76 P 1,291,215.26 P 166,129.10 P 4,133,711.40 2” Qtr. 1998 4,565,201.67 2,068,202.84 173,859.03 2,323,139.80 3° Qtr. 1998 3,962,699.06 1,420,346.25 105,479.63 2,436,873.18 4° Qtr. 1998 5,221,600.54 2,320,723.33 117,674.23 2,783,202.98 1" Qtr. 1999 3,635,417.05 1,419,320.98 205,313.23 2,010,782.84 2™ Qtr. 1999 4,336,052.17 937,491.48 239,884.74 3,158,675.95 3” Qtr. 1999 3,594,328.84 1,334,467.13 212,732.57 2,047,129.14 4th Qtr. 1999 3,967,736.42 1,448,264.64 42,520.57 2,476,951.21 Total P 34,874,091.51 P 12,240,031.91 P 1,263,593.10 P 21,370,466.50 Likewise, the 1998 and 1999 creditable VAT withheld based on the evidence presented amounted to P38,933,769.28, detailed as follows:

Period Involved Creditable VAT Withheld 1st Qtr. 1998 2ndQtr.1998 3 Qtr. 1998 4" Qtr. 1998 1 Qtr. 1999 2™ Qtr. 1999 37 Qtr. 1999 4" Qtr. 1999 Total P 6,225,235.76 5,022,489.76 3,721,640.78 9,032,163.28 4,775,892.05 4,988,915.05 3,766,849.95 1,400,582.65 P 38,933, 769.28 With the above-verified input VAT credits in the total amount of P60,304,235.78 (P21,370,466.50 + P38,933,769.28), the Court will now determine whether or not petitioner has unapplied input VAT credits for the years 1998 and 1999.

Ve aya o4 E/N :

C.T.A. CASE NO. 6363 17 DECISION First-In First-Out Rule This Court notes that the excess input taxes beginning January 1, 1998 up to December 31, 2002 have been cumulatively added and forwarded to the succeeding quarters under the line "Input Tax Carried Over from Previous Quarter". Consequently, petitioner should offset first the accumulated input taxes of the previous quarter against the output tax liability of the current quarter until the first ones are fully utilized. This is pursuant to the "first-in-first-out" rule, and in accordance with the purpose of carrying over of input VAT credits (Prodigy Distributors, Inc. (currently HAVI Food Services Philippines, Inc.) vs. Commissioner of Internal Revenue, CTA Case No. 5433, Resolution, August 6, 1998; Toshiba Information Equipment (Phils.), Inc. vs. Commissioner of Internal Revenue, CTA Case No. 5762, October 16, 2000).

Hereinbelow is a table which will show how the verified input VAT credits should be applied against petitioner’s output VAT liabilities under the first-in-first-out method - Input VAT Total Excess Period Input VAT Carried from Input VAT Output VAT Excess Creditable With- Input VAT Involved this Qtr. Previous Qtr. Credits Liability Input VAT holding VAT Credits 1st Qtr.98, P 4,133,711.40 - { P 4,133,711.40 -P 6,744,494.05 P(2,610,782.65}) P 6,225,235.76 P 3,614,453.11 2nd Qtr.98 2,323,139.80 P 3,614,453.11 5,937,592.91 6,613,259 96 (675,667.05) 5,022,489.76 4,346,822.71

3rd Qtr, 98 2,436,873.18 Ath Qtr. 98 2,783,202.98 1st Qtr. 99 2,010,782.84 2nd Qtr.99 3,158,675.95 3rd Qtr. $9 2,047,129.14 4th Qtr. 99 2,476,951.21 P21,370,466.50 4,346, 822.71 §,433,025.24 7,606,519.73 9,767,761.13 11,062,602 33 11,363,924 12 6 783,685.89 8,216,228.22 9,617,302.57 12,926,437.08 13,109,731.47 13,840,875.33 5,072,311.43 9,641,871.77 4,625,433.49 6,852,749.80 5,512,657.30 6 584,010.24 P 74,565,574.87 P51,646,788.04 1,711,384.46 (1,425,643.55) 4,991,869.08 6,073, 687.28 7,597 074.17 7,256 865.09 3,721,640.78 9,032, 163.28 4,775 ,892.05 4,988,915.05 3,766,849.95 1,400,582.65 P 38,933, 769.28 5,433,025.24 7,606,519.73 9,767,761.13 11,062,602.33 11,363,924 12 8,657,447.74 For clarity, the amount of P8,657,447.74 is comprised of the following input taxes, to wit:

4 Quarter 1999 Creditable VAT Withheld Input VAT on purchases 38 Quarter 1999 Creditable VAT Withheld Input VAT on purchases P1,400,582.65 2,476,95 1.21 P3,766,849.95 _1,013,063.93 Total input VAT accounted for P3,877,533.86 4,779,913.88 P8.657,447.74 Based on the above presentation, the creditable VAT withheld of P787,206.07 remained unutilized, having been part of the excess input VAT credits of P8,657,447.74, as of December 31, 1999. However, the unapplied amount of input VAT credits of P8,657,447.74 as of December 31, 1999 was again forwarded to the succeeding quarters as evidenced by the quarterly VAT returns for the first quarter of 2000 to the fourth quarter of 2002 (Exhibits “B-10” to “B-18", “O", “R”, and “T”), C.T.A. CASE NO. 6363 19 DECISION Considering that petitioner carried over said excess credits, it must apply first the verified input VAT as against the succeeding output VAT liability, as a consequence of its option (BASF Philippines, Inc., vs. Commissioner of Internal Revenue, CTA Case No. 6175, March 20, 2002). The records will show that by the end of June 30, 2000, the verified input VAT credit of P8,657,447.74 as of December 31, 1999 was fully utilized, to wit.

Period Output VAT Excess Input Remaining Involved Liability VAT Credits Input VAT 1st Qtr. 2000 3,329,666.22 8,657,447.74 5,327,781.52 2nd Qtr. 2000 5,401,278.83 5,327,781.52 (73,497.31) Petitioner’s deduction of the amount of P787,206.07 from the total available input tax as of the fourth quarter of 2002 (Exhibit “T-1") cannot be given credence inasmuch as the said amount had already been applied by petitioner as of June 30, 2000. Hence, the Court cannot authorize the respondent to refund the creditable VAT withheld, as in fact the same had already been utilized by the petitioner based on the foregoing evaluation.

Nor can we declare petitioner entitled thereto.

All the foregoing considered, and in view of petitioner’s failure to substantiate its claim for refund or issuance of tax credit certificate of (Lee P 2\!p Om ” C.T.A. CASE NO. 6363 20 DECISION creditable VAT withheld, the Court is left with no recourse but to deny the claim and to dismiss the present Petition.

With the conclusion thus reached, the Court finds no need to pass upon the other incidental issues raised in this petition for being moot and academic.

WHEREFORE, the instant Petition for Review is_ hereby DENIED DUE COURSE, and accordingly, DISMISSED for lack of merit.

SO ORDERED.

OLGA PALANCA-ENRIQUEZ

Associate Justice

WE CONCUR:

Qucaceoke (CRE A ye . =a UANITO C. CASTANEDA, JR. ER PUY Associate Justice Assvetete Justice C.T.A. CASE NO. 6363 2] DECISION ATTESTATION I attest that the conclusions in the above Decision were reached in consultation before the cases were assigned to the writer of the opinion of the Court’s Division.

JUANITO C. CASTANEDAOR.

Associate Justice Chairman, Second Division CERTIFICATION 1 hereby certify that the decision was reached after due consultation with the members of the Division of the Court of Tax Appeals in accordance with Section 13, Article VIII of the Constitution.

ERNESTO D. ACOSTA Presiding Justice HY

GORONES DEVELOPMENT CORPORATION ANNEX A

INPUT VAT DISALLOWANGES

FOR TAXABLE YEAR 1988

SUPPLIER EXHIBIT REF. NO. AMOUNT INPUT VAT

1ST QUARTER

(a) Input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note and Delivery Receipt. ALESNA SEC.& DETAGENCY — 12/15/97 D1-13B 6224 4.21430 P 383.12 ALESNA SEC. & DETAGENCY = 12/31/97 D1-43¢ 6333 3,566.00 324.18 ARCHANGEL SECURITY & INV 1/1598 D1-15B 295 7,647.50 695.23 ARCHANGEL SECURITY & INV 1/45/98 D1-15C 296 11,453.30 1,041.21 ARGHANGEL SECURITY S INV 1/15/98 D1-15D 297 22,619.50 2,056.32 ARCHANGEL SECURITY & INV 1/15/98 D1-15E 302 18,122.40 1,647.49 GLOBE TELECOM 12/26/97 D1-1198 10 3,816.45 346.95 PHIL FUJI 2/14/98 D4-249 162332 10,670.65 970.06 PILIPINO TELEPHONE 1/3/98 DI-251 - 6,013.90 546.72 PLDT 118/98 D1-245 229640 819.50 74.50 PLDT 118/98 D1-246 729555 866.90 78.81 PLDT 18/98 D1-247 214481 1,711.60 155.60 PLDT 1/18/98 D1-248 227740 3,732.60 339.33 ALESNA SEC & DET AGENCY 1/45/98 D1-663 69 24,826.55 2,256.96 ARCHANGEL SECURITY &INV ‘1/2798 D1-575 337 7,647.50 695.23 ARCHANGEL SECURITY & INV 1/27/98 D1-576 338 11,537.00 4,048.82 ARCHANGEL SECURITY & INV ——-2/15/98 D4-564 382 7,647.55 695.23 ARCHANGEL SECURITY & INV. 2/15/98 D1-565 383 11,453.30 1,041.21 ARCHANGEL SECURITY & INV 2/15/98 D1-567 385 15,079.70 1,370.88 ARCHANGEL SECURITY & INV 2/15/98 D1-568 386 18,122.40 1,647.49 EQUATORIAL SEC SERV 113/98 D1-672 9345 6,864.00 624.00 EQUATORIAL SEC SERV 1/29/98 D1-673 9443 6,864.00 624.00 NORKIS DISTRIBUTORS 210/98 D1-800 89609 525.00 47.74 PLDT 2/18/98 D1-818 239698 802.80 72.98 PLDT 2/18/98 D1-819 254693 802.80 72.98 PLDT 2/18/98 D1-820 254713 840.75 76.43 PLDT 28/98 D1-821 254798 802.75 72.98 PLDT 1/18/98 D1-822 229556 5,404.40 491.31 TOYOTA CEBU 1/8/98 D1-878 12050 2,524.15 229.47 ARCHANGEL SECURITY & INV 12/27/98 D1-815 ANT 11,285.80 1,025.98 ARCHANGEL SECURITY & INV 12/27/98 D1-816 430 15,833.60 1,439.42 ARCHANGEL SECURITY & INV 3/15/98 D1-817 463 7,647.55 695.23 ARCHANGEL SECURITY & INV s-.3/15/98 D1-818 464 11,453.30 1,041.21 ARCHANGEL SECURITY & INV —-/1598 D1-819 468 18,122.40 1,647.49 ARCHANGEL SECURITY & INV 3/15/98 D1-820 471 18,849.60 1,743.60 DOMINION INSURANCE 33198 D1.908 54999 22,834.25 2,075.84 DOMINION INSURANCE 3/20/98 D1-909 55368 26,550.25 2,416.68 GLOBE TELECOM various -D1-1002t0 D1-1004 — various 9,662.75 878.43 JARDINE ABOTIZ 3/10/98 D1-1019 8076 21,674.30 1,970.39 JARDINE ABOTIZ Y9N98. D1-1920 8070 53,770.20 4,888.20 {b) PLDT PLDT PLDT

TOYOTA CEBU

Subtotal input VAT supported by invoices/official receipts not in the name of Gorones Development Corporation

BOHOL HARDWARE & ELEC

CEBU COLUMBIA AUTO

COLOURS FOTO SHOP

COLOURS PHOTO EXPRESS

HARDWARE WORKSHOP

HJ FOTO FAST COLOR

JETT CONST & ELEC

JYSQUARE SUPERMART

J¥SQUARE SUPERMART

MULTI SFORE CORP

NATIONAL BOOKSTORE

SM SUPERMARKET

UNITED AUFOMART

CEBU COLUMBIA PHOTO

COLOURS FOTO SHOP

JYSQUARE SUPERMART

MJ FOTO FAST COLOR

MULTI STORE CORP

NATIONAL BOOKSTORE

NORTH POINT AIRCON

SM SUPERMARKET

3/18/98 31898 2/8/98 2/5/98 1/2698 1/3/98 1222797 12/27/97 12/27/97 1/7738 12/20/97 12 897 124/97 12/15/97 12/1697 12N287 12/6/97 1688 12897 7198 12/23/97 1/778 1215/97

121 SOF

1/6/98 1/598 1/2298 13188 11298 1/2498 2/1188 1/29/98 1/22/98 1/29/98 1/29/98 12998 1/2998 1/29/98 2/498 118/998 119893 1/2298 1/29/98 1/3198 1/2988 D1-1131 D1-4132 D1-1133 Dt-1215 D1-40 D1-58 D1-60 Di-61 Di-62 01-63 D1+101 01-100 D1-120 D1-121 D1-487 D1-142 D1-150 01-151 D1-227 D1+232 D1-233 D1-234 D1-345 DI-346 DB1-350 D1-440 D1-627 D1-648 D1-152 D1-737 D1-738 D1-790 D1-791 D1-734 D1-795 D1-796 D1-797 D1-798 D1-799 D1-793 D1-801 D1-850a D1-851a D1-852a D1-853 D1-854 265475 254714 12361 86215 90918 91658 159384 189643 192731 161660 100615 206244 207456 1,432.30 3,212.10 3,976.50 2,607.00 46,911.16 P 19.60 P 138.00 179.95 138.00 827.00 170.00 1,014.75 172.70 434.70 176.00 766.15 292.80 248.00 628.00 213.95 629.75 1,930.15 1,218.00 1,492.50 150.00 856.80 498.00 272.25 518.30 433.95 830.70 804.55 889.25 538.25 46.00 106.00 635.00 1,732 238.50 1,950.00 N43 198.00 1,437.90 4,184.20 407.45 130.21 292.01 361.50 237.00 40,640.40 1.78 16.68 12.55 16.36 12.55 75.18 12.00 15.46 92.25 15.70 39.52 16.00 69.65 26.62 22.55 57.09 19.45 57.25 175.47 110.73 135.68 13.64 4.27 24.75 47.12 39.45 75.52 73.14 80.84 48.93 4.09 9.64 57.73 157.75 21.68 177.27 37.67 18.00 130.72 107.38 37.04 (c)

SM SUPERMARKET

SUSREN'S PHARMACY

VRM ENTRP

BOHOL TRADING

CEBU POLAR MKTG

DISOY HARDWARE

LIMSON'S HARDWARE

MULTI STORE CORP

NATIONAL BOOKSTORE

SM SUPERMARKET

SPECIALIZED BOLT CENTER

VRM ENTRP

Subtotal 2/4/98 21598 3/18/98 ies 2/10/98 2/2798 2/1898 input VAT with no supporting document

PARCA ENTRP

PHIL SPRING WATER

TOKYU HARDWARE

UNITED AUTOMART

WASHINGTON ELECTL

877 MOTOR CORP

877 MOFOR CORP

877 MOTOR CORP

BALAMBAN CONCRETE

CEBU ATLANTIC HARDWARE

JOSEPH'S BUILDERS

JV PRINTING PRESS

PILIPINO TELEPHONE

SAN JOSE SUPPLIES

JAN JAN JAN JAN JAN JAN JAN FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB FEB D1-856 D1-868 11-965 D1-860 D1-892 D1-907 01-1074 D1-4416 D1-1117 Df-1118 D-1175 D1-1190 D1-1313 211316 4412 3489 41205 98286 310047 10973 160.00 103.95 91.95 230.00 650.00 200.00 248.00 120.00 577.50 365.00 331.00 138.95 28,454.56 P 89,731.60 P 190.00 7,200.00 1,150.00 6,800.00 336.00 900.00 290.00 280.00 210.00 540.00 430.00 550.00 290.00 730.00 380.00 630.00 450.00 290.00 290.00 750.00 540.00 540.00 290.06 1,640.00 18,625.00 187.00 5,850.00 8,320.00 7,287.50 11,250.00 373.00 135.00 14.55 9.45 8.36 20.91 59.09 18.18 22.55 10.91 52.50 33.18 8.55 12.36 2,686.72 8,157.43 17.27 664.55 104.55 618.18 30.55 81.82 26.36 28.45 19.09 49.09 11.82 50.00 26.36 68.18 34.55 57.27 40.91 26.36 26.36 68.18 49.09 49.09 26.3% 149.09 1,693.18 17.00 531.82 810.91 662.50 1,022.73 —— 34.09 1227 3.14 —, i> {d)

SAN JOSE SUPPLIES

CEBU ATLANTIC HARDWARE

EVERCARE PHARMACY

FF CRUZ & CO

MONARK EQUIPMENT CORP

NATIONAL BOOKSTORE

PLDT PLDT PLDT PLDT

RAINBOW COMML

RK CUSTODIO ENTRP

SELLCHEM CORP

SELLCHEM CORP.

SM SUPERMARKET

UNITED AUTOMART

WIRTGEN PHILS

Subtotal Input VAT with no V, TIN, TIN or BIR Permit

AMAN ENTERPRISES

BRILUANCE TRUCKING

CEBU GRAND PRIX

CEBU VIS-MIN MKTG

EF SALAZAR CONS

ESA MKTG CORP

FORTUNE PRINTING PRESS

HI-SET TRADING

HESET TRADING

KINWA RETREADING

FEB Bee FE SEESSEESSEEEESEEESEEESES —_ 178 VIRB 10/22/97 12/30/97 1/20/98 1/2088 12/22/97 1/6498 17488 1/9/98 116/98 1/2638 +7198 112798 12/2397 12/23/97 1/12/98 11788 D1-15 D1-40C D1-72 D1-73B D1-95 D1-96 D1-103C D1-103D D1-103E D1-103F Di-405C Dt-106 D1-114 Di-412 D1-125 D1-126 D1-154 Dt-155 97125 97126 97127 97128 5113 5117 525.00 575.00 22.50 275.00 25.00 249.00 226.00 584.00 692.00 88.90 259.00 270.75 1,210.45 341.55 5,500.00 27,867.40 174.90 43.65 1,069.50 913.30 913.30 995.15 10,000.00 110.00 9,787.50 7,323.74 159.40 120.00 19,573.84 257,894.63 P 47.73 52.27 2.05 25.00 2.27 43.19 20.55 53.09 62.91 8.08 23.55 25.25 110.04 31.05 500.00 2,533.40 15.90 3.97 97.23 83.03 63.03 90.47 909.09 10.00 889.77 665.79 14.49 10.91 1,779.44 23,449.16 229,09 4,760.73 126.81 513.63 136.36 9.09 2,581 62 3,600.00 2,690.91 3,557.62 6,272.73 954.55 49.09 259.09 26,363.64 263.64 224.43 2,076.14 (e)

KINWA RETREADING

SELLCHEM CORP

CATAGBACAN ARRASTRE

EF SALAZAR CONS

ILYN INDUSTRIES

SELLCHEM CORP

TOLEX ENTRP

BRILLIANCE TRUCKING

FLUTO ENGG

FORTUNE PRINTING PRESS

KIMWA RETREADING

NEW JETAPE ARRASTRE

PROGRESSIVE AUTOMART

TONY EQPT

Subtotal Non-VAT Invoices/Receipts

FDR CONSTRUCTION

GOLDEN GATE REALTY

WG3<A INC

ASTRON GESTOS

GOLDEN GATE REALTY

Subtotal input VAT on sales of services not supported by official receipt ABOITIZ & CO.

ABOITIZ & CO.

ABOTIZ AIR TRANSPORT

CEB INDL PARK

JCL JR CONSTRUCTION

JONAN TRADING

LENTON MKTG

METAPHIL INC

NISSAN CEBU DISTRIBUTORS

PEARL ENTERPRISES

1/24/98 1/2498 1/3/98 1430/08 14788 1/7198 2/17/98 2ATSB 217198 1/30/98 14/98 172198 1/20/98 12288 115198 1/4998 14598 1/18/98 1131498 1/6198 TAB 1/28/98 11728 1/9/98.

D1-156 Dt-157 Dt-156 1-159 D1-160 D142 D1343 D1-618 D1-619 D1-G20 D1-660 01-661 Dt-696 D1-846a Dt-877 D1-861 01-862 Dt-863 D1-991 D1-992 D1-1042 D1+4119 D1-1161 D1-1214 D1-140C.

D1-119D Di-507 D1-826 D1-1064B Di-4 D1-5 D1-6B D1-6E 01-738 D1-137 1-138 D1-139 D1-143 D1-186 D1-208 01-238 01-244 @yanas 7914 16819 16824 16825 97129 97130 124323 16595 16615 31342 31540 16,312.50 11,418.75 35,843.25 18,588.75 15,326.25 14,972.50 7,488.25 256.30 1,030.90 512.60 39,536.00 28,200.00 1,060.00 2,994.50 4,843.00 71,309.75 32,488.50 99,937.75 26,644.00 12,750.00 15,750.00 280.00 1,200.00 1,920.00 1,084,04620 P 86,189.40 P 165,000.00 203.50 685.10 1,528.90 37,531.90 31,686.25 433,439.90 11,700.00 750.00 40,675.00 832,659.30 1,482.95 1,038.07 3,258.48 1,689.89 1,393.30 1,361.14 680.57 23.30 93.72 46.60 3,594.18 2,563.64 98.18 272.23 440.27 6,482.75 2,953.50 9,085.25 2,422.18 1,159.08 1,431.82 25.45 109.09 174.55 96,649.76 3,824.50 5,461.66 334.98 7.00 5,461.66 16,089.80 7,835.40 15,000.00 18.50 62.29 138.99 3,411.99 2,880.57 12,130.90 1,063.64 40.91 68.18 3,697.72 75,696.30

RARE CRAFT IND

UNDALOG CONSTRUCTION

VIRGINIA INTL PRODUCTS

877 MOTOR CORP

ASTRAL CONS

BALAMBAN CONCRETE

CEBU INDL

FDR CONSTRUCTION

FIRST CHOICE BROKERAGE

JCL JR CONSTRUCTION

JCLJR CONSTRUCTION

JCL JR CONSTRUCTION

JEL JR CONSTRUCTION

JCL JR CONSTRUCTION

JONAN TRADING

JONAN FRADING

METAPHIL INC

PEARL ENTERPRISES

RARE CRAFT IND

UBIX CORP

UNDALOC CONSTRUCTION

VIRGINIA INFL PRODUCTS

ABOITIZ & CO.

ABOITEZ & CO.

ABOITIZ & CO.

ABOITIZ AIR TRANSPORT

ALESNA SEC & DEF

ALESNA SEC & DET

1/1998 119408 1/2/98 1/2898 6N997 8/19/97 a1197 THURT 6/14/97 18188 D1-317 D1-318 D1-405 to D1-427 D1-505 D1-506 D1-542 D1-543 D1-544 D1-545 D1i-546 D1-547 D1-568 D1-591 D1-636 D1-675 D1-678.

Dt-703 D1-716 D1-717 D1-718 Dt-719 D1-715 D1-705 D1-706 D1-707 D1-714 D1-770 D1i-811 D1-844 D1-883 D1-844 to D1-916 5B1-964 D1-979 D1-980 D1-981 D1-982 D1-983 Dt-784 D1-785 D1-786 D1-787 D1-788 D1-802B Di-803 D1-804 D1-805 D1-806 D1-807 D1-808.

D1-809 D1-810 37255 37328 10292 10813 10381 10430 10249 2140 185 8117 198 199 201 1966 1971 1977 1979 136 1065 65074 Various 37355 16704 16722 16837 16624 35101 138,903.00 11,171.30 2,564,576.60 36,900.00 14,550.00 525.00 1,360.00 700.00 830.00 525.00 1,405.00 135,956.15 15,627.00 1,077.80 158,146.55 9,344.00 §2,415.65 64,177.40 52,444.00 17,899.10 2,359.40 32,938.40 64,398.00 54,652.00 2,700.00 44,100.00 750.00 738,896.30 100,230.55 6,639.50 2,449,220 20 12,050.00 8,525.00 1,650.00 86,189.40 18,975.00 165,000.00 126.50 264.00 247.15 1,793.20 1,446.05 8,275.50 4,488.65 8275.50 4,538.50 24,826.55 3,890.15 3,890.15 8,275.50 8,275.50 12,627.55 1,015.57 233,143.33 3,354.55 1,322.73 47.72 123.63 63.63 75.45 47.73 127.73 12,359.65 1,420.64 97.98 14,376.98 849.45 4,765.06 5,834.31 4,767.64 1,627.19 214.49 2,994.40 5,854.36 4,986.55 2,454.55 4,009.09 68.18 67,263.30 9,111.87 603.59 222,656.39 1,095.45 775.00 150.00 7,835.40 1,725.00 15,000.00 11.50 24.00 22.47 163.02 131.46 752.32 408.06 732.32 41259 2,256.96 353.65 353.65 752.32 782.32

ASTRAL CONS 2/28/98

CEBU INDL 2/628

GRAND POWER BUILDER 3/2198

JCL JR CONSTRUCTION various

LENTON MKTG 1788

PEARL ENTERPRISES 31898

RARE CRAFT IND 19/88

UNDALOC CONSTRUCTION various Subtotal Total

2ND QUARTER

(a) Input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note and Delivery Receipt.

ALESNA SEC. & DEF AGENCY 2/20/38 ALESNA SEC. & DET AGENCY 2/28/98 ALESNA SEC. & DET AGENCY W208 ALESNA SEC. & DET AGENCY 30/98. ALESNA SEC. & DEF AGENCY 20/98 ALESNA SEC. & DET AGENCY 3/3098 ALESNA SEC. & DEF AGENCY 3/30/98.

ALESNA SEC. & DET AGENCY 3/30/98

ARCHANGEL SECURITY & INV WS0/98

ARCHANGEL SECURITY & INV 3/31/98

ARCHANGEL SECURITY & INV 380/93

ARCHANGEL SECURITY & iNV 33198

ARCHANGEL SECURITY & INV 415/98

ARCHANGEL SECURITY & INV 4/1598

ARCHANGEL SECURITY & INV 415/88

ARCHANGEL SECURITY & INV 4/15/98. ASTRAL CONS. & DEV CORP 33198 ASTRAL CONS. & DEV CORP 3/3198

GLOBE TELECOM 3/26/98

GLOBE TELECOM 4/26/98

GLOBE TELECOM 41298

JARDINE ABOTIZ Vas

METAPHIL INC 331/498

PHIL FuJ! 3/1398

PHIL FUJI 4/13/98

PLDT 4/1898

PLDT 41898

PLDT 4/18/98

PLDT 4/1898

PLDT 31898

PLDT 4/18/98

PLDT 41896

SMART COMMUNICATIONS w15/98 D1-823 D1-886 D1-1005 D1-1021 to D1-1027 D1-1072 D1-4130 D1-1165 D1-1236 to D1-1268 D2-28 D2-29 D2-30 D2-341 D2-32 D2-34 02-35 D2-33 D2-40 D2-41 02-42 D2-43 D2-44 D2-46 D2-48 D2-49 D2-158 D2-159 02-160 D2-179 D2-250 D2-291 D2-272 D2-273 D2-274 D2-275 D2-276 D2-277 D2-278 D2-279 D2-345 198 310 10729 1067 10 BRESSSFHS TERT AIR |g 14 14 145 188664 190279 83,625.40 7,602.31 949.75 86.34 58,273.60 5,297.60 346,008.90 31,455.36 850.00 77.27 716,378.30 65,125.30 178,264.25 16,205.84 2,344,223.80 213,111.26 12,218,69345 P 1,112,999.43 44,200,788.38 P 4,291,216.26 25,189.25 P 2,289.93 24,826.55 2,256.96 3,890.15 353.65 4,538.50 412.59 24,826.55 2,256.96 8,275.50 752.32 24,826.55 2,256.96 8,275.50 752.32 18,521.35 1,363.76 20,106.25 1,827.84 7,647.40 695.22 11,309.75 1,028.16 7,647.50 695.23 11,453.30 1,041.21 18,849.60 1,713.60 18,122.40 1,647.49 96,460.00 8,769.09 25,294.50 2,299.50 2,472.70 224.79 1,960.50 178.23 2,507.80 227.98 33,457.15 3,041.56 750.00 68.18 7,243.05 658.46 7,274.20 661.29 1,097.35 99.76 1,011.90 91.99 1,011.90 91.99 1,011.90 91.99 2,030.00 184.55 1,406.25 127.84 2,173.50 197.59 2,572.80 233.89 1,450.35 131.85

SMART COMMUNICATIONS

TOYOTA CEBU

ALESNA SEC & DET AGENCY

ARCHANGEL SECURITY & inv

ARCHANGEL SECURITY & INV

EQUATORIAL SEC SERV

GLOBE TELECOM

JARDINE ABOTIZ

PHIL FUJI

PLDT PLDT PLDT PLDT PLDT PLDT PLDT ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY

ARCHANGEL SECURITY & INV

ASTRAL CONS. & DEV CORP

FF CRUZ & CO

GLOBE TELECOM

JARDINE ABOITIZ

PHIL FUJI

PLDT

POWER AUTO PARTS

SMART COMMUNICATIONS

4/15/98 310/08 5/18/98 45/98 D2-346 D2-372 D2-522 D2-523 02-524 D2-525 D2-526 D2-531 D2532 02-533 D2-534 D2-535 D2-536 D2-537 D2-638 D2-639 D2-694 D2-695.

02-718 D2-844 D2-832 D2-833 D2-834 D2-835 D2-836 D2-837 D2-838 D2-1109 D2-1110 D2-1111 02-1112 D2-1118 02-1119 02-1120 D2-1121 D2-1422 02-1123 D2-1124 D2-1425 02-1126 D2-1272-B D2-1283 D2-1294B D2-1294C D2-1294D D2-1396 D2-1385 to D2-1391.

D2-1409 D2-1465 131439.

12696.

1139 1137 1138 618 619 616 318898 333790 318878 331975 1305 1307 1515 1516 714 715 716 717 769 771 715 JV 15 199031 various 14877027 647.90 1,353.75 4,214.30 4,214.30 24,826.55 24,826.55 8,275.50 8,275.50:

18,849.60 18,122.40 7,647.55 11,309.75 18,849.60 18,122.50 764755 11,309.75 6,864.00 6,864.00 2,433.75.

3,980.90 243,031.25 5,994.25 998.70 931.60 914.00:

1,559.45 884.30 2,504.00 2,694.00 24,826.55 8,275.50 8,275.50 24,826.55 7,647.50 42,063.70 20,106.25 18,521.35 7,647.55 11,309.75 18,122.40 18,849.60 98,496.20 5,761 907.90 1,795.75 14,675.45 102,791.35 42,862.70 7,233.15 8,879.95 190.00 1,275.25 58.90 123.07 383.12 383.12 2,256.96 2,256.96 752.32 782.32 1,713.60 1,647.49 695.23 1,028.16 1,713.60 1,647.50 695.23 1,028.16 624.00 624.00 221.25 361.90 22,093.75 544.93 90.79 84.69 83.09 141.77 80.39 227.64 244.91 2,256.96 782.32 753.32 2,256.96 695.23 1,096.70 1,627.84 1,683.76 695.23 1,028.16 1,647.49 1,713.60 8,954.20 523,809.81 163.25 1,334.13 9,344.67 3,896.61 657.56 807.27 17.27 115.93

(b) input VAT supported by invoices/official receipts not in the name of Gorones Development (c) Subtotal Corporation

ALMARIO SHELL

CEBU POLAR MKTG

HJ FOTO FAST COLOR

RICOMAR GEN MDSE

ALESNA SEC & DET AGENCY

CORVIC CALTEX SERV

CRUISER CYCLE CENTER

KENN ENTRP

Subtotal 2658 3/2498 3/21/98 29/98 41398 25/98 5/9/98 58/98 6/15/98 638 input VAT with no supporting document

B BENEDICTO & SONS

KENN ENTRP

LUVIMIN PORT SERV

MONARK EQUIPMENT CORP

PLAZA MARCELA

ALMARIO SHELL SERVICE

BES PACIFIC HARDWARE

GRAND PENGAVITOR TRADE

KB TOLEDO ENTRP

KB TOLEDO ENTFRP

KB TOLEDO ENTRP

KIMWA RETREADING

NIC’S PARTS SUPPLY

PRIMEX TRADE SALES

QUALITY AUTO PARTS

UNDALOC CONSTRUCTION

A& D ELECTRONICS

BENEDICT SAFETY SHOES

BES PACIFIC HARDWARE

CEBU GRAND PRIX

EVERCARE PHARMACY

GLOBE TELECOM

LUVIMIN PORT SERV

MONARK EQUIPMENT CORP

JUN JUN JUN JUN JUN JUN D2-38 D2-98 D2-93 D2-238 D2-327 D2-520 D2-621 D2-622 D2-1301 D2-1302 19390 90576 99351 86343 12729 8434 22915 14178 13 14 7,118,218.10 P 583.32 P 410.00 750.00 207.45 420,552.00 P 54,656.00 1,925.00 223,913.10 424.00 215.00 245.00 140.00 41,250.00 4,950.00 960.00 23,100.00 2,600.00 1,042.35 2,500.00 2,760.00 6,200.00 13,495.00 540.00 4,602.85 4392.30 440.00 1,982.20 646,811.85 38,232.00 4,968.73 175,00 20,355.74 13.60 27.27 42.48 40.42 422.73 818.18 18.54 31.64 38.55 19.55 22.27 10.00 1,022.73 450.00 87.27 2,100.00 236.36 94.76 227.27 43.18 250.91 563.64 1,226.82 49.03 418.44 399.30 40.00 (e)

PILIPINAS SHELL

TALIBON ROPHIL ENTRP

Subtotal input VAT wath no V, TIN, TINY or BIR Permit

BRILLIANCE TRUCKING

CATAGBAGAN ARRASTRE

CEBU GRAND PRIX CAR

KIMWA RETREADING

RICOMAR GEN MDSE

STAPLES COMPUTER

THE STAG CLOTHES

TONY EQPT

4A'S DEVT CORP

DANIEL MERCHANDISING

EF SALAZAR CONS

ESA MKTG CORP

GEN FRADE

KIMWA RETREADING

NEW JETAPE ARRASTRE

RLM&CO

40'S DEVT CORP

A&D ELECTRONICS

EF SALAZAR CONS

KIMWA RETREADING

LUVIMIN PORT SERV

MOUNTAIN LINK

RICOMAR GEN MDSE

TEXTRON CORP

TONY EQPT

WASHINGTON ELECTRICAL

Subtotal Non-VAT Invoices/Receipts

ASTRON GESTOS

GOLDEN GATE REALTY

JUN JUN 5/4/98 31308 4588 44/98 5/1398 S278 5/18/98 6/11/98 6/19/98 6788 6/18/98 &/1598 615/98 2/13/98 D2-75 D2-76 D2-64 D2-94 52-198 D2-199 D2-200 D2-328 D2-259 D230 D2-497B D2-623 02-632 D2-640 D2-689 D2-734 02-8188 D2-819 D2-820 D2-886 02-1089 D2-1128 D2-4222 D2-1223 D2-1303 D2-1304 D2-1337 D-1376 D2-1449 D2-1482 D2-1483.

D2-1505 D2-1506 D2-1639 D2-164t 02-50 D2-161 124350 16738 96-501 5169 115851 697 1,450.00 525.00 787,568.29 P 357,062.85 P 7,004.25 256.30 13,495.00 15,750.00 17,500.00 21,450.00 1,350.00 820.00 4,240.00 620.00 660.00 7,500.00 132.50 26,470.00 62,380.00 4,500.00 18,300.00 7,692.30 300.00 4,000.00 56,176.00 3,040.00 1,700.00 750.00 2,450.00 12,420.00 11,700.00 4,500.00:

330.00 399,000.00 1,400.00 2,500.00 3,800.00 3,720.00 1,968.50 2,227.30 630.00 342.00 1,077,157.00 P 444.47 P 60,078.25 131,82 47.73 72,606.22 32,460.26 636.75 23.30 1,226.82 1,431.82 1,590.91 1,950.00 122.73 74.55 112.73 56.36 61.62 681.82 12.05 2,406.36 5,670.91 1,663.60 699.30 27.27 363.64 5,106.91 154.54 68.18 222.73 1,129.09 1,063.64 409,09 30.00 36,272.73 127.27 227.27 345.45 336.18 178.95 202.48 57.27 31.09 97,923.32 40.41 5,461.66 — wt

GOLDEN GATE REALTY

JASPER MIMEO & BUSINESS

ALMARIO SHELL SERVICE

GOLDEN GATE REALTY

MEL & J MKTG

Subtotal

D2-696 699

D2-719 7035

D2-1114 31774

D2-1284 709

D2-1285 725

D2-1349 485

Input VAT on sales of services not supported by official receipt

ABOITIZ & CO

GRAND POWER BUILDER

JCL JR CONSTRUCTION

JCL JR CONSFRUCTION

JCL JR CONSTRUCTION

PEARL ENTERPRISES

RARE CRAFT IND

UBIX CORP

UNDALOC CONSTRUCTION

ABOITIZ & CO

ABOITIZ AIR TRANSPORT

ABOITEZ AIR TRANSPORT

ABOITIZ AIR TRANSPORT

ASTRAL CONS

CEBU INDL PARK

GRAND POWER BUILDER

JCL JR CONSTRUCTION

JONAN TRADING

METAPHIL INC.

UNDALOC CONSTRUCTION

ABOITIZ & CO

4/30/98 32/98 31898 SMW 512498 5/16/98

D2-5 16825

026 16756

D2-7 16856

D2-8 16910

D2-9 16936

D2-10 16952

D2-163 311

D2-164 312

D2-181 211

D2-182 212

D2-183 213

D2-271 1074

D2-326 11

D2-401 65263

D2-402 D2-431

D2-499 16870

D2-500 16763

02-501 36732

D2-502 37430

D2-503 37720

02-504 37732

D2-505 37886

D2-506 38272

D2-507 28353

2-508 38703

D2-509 49122

D2-510 39342

D2-538 702

D2-580 205

02-581 271

D2-701 315

D2-720 214

D2-721 215

D2-722 216

D2-724 2656

D2-725 2658

D2-773 149

D2-774 526

D2-775 528

D2-958 to D2-986 various

D2-1094 17080

60,078.25 3,200:00 563.23 60,078.25 60,078.25 120.00 244,840.70 P 5,940.00 P 86,189.40 357.50 4,125.00 165,000.00 9,625.00 56,392.95 99,330.00 86,012.95 17,435.00 111,303.50 919,673.70 340,370.80 4,395.50 2,553,929.70 165,000.00 86,189.40 21450 308.00 189.75 2,630.10 203.50 192.05 77.00 115.50 182.50 248.25 98,133.30 913.10 T3B45 92,708.00 51,475.80 77,940.94 29,746.00 29,250.00 50,430.00 750.00 9,600.00 330.00 2,095, 787.37 1,375.00 5,461.66 290.91 51.20 5,461.66 5,461.66 10.91 22,240.07 540.00 7,835.40 32.50 375.00 15,000.00 875.00 5,126.63 9,030.00 7,819.36 1,585.00 10,118.50 83,606.70 30,942.80 399.41 230,357.25 15,000.00 7,835.40 19.50 28.00 17.25 239.10 18.50 17.46 7.00 10.50 17.50 22.57 8,921.21 83.01 68.77 8,428.00 4,679.62 7,794.09 2,704.18 2,659.09 4,584.55 68.18 872.73 30.00 190,526.08 125.00

ABOITIZ & CO

CEBU INDL PARK

GRAND POWER BUILDER

JCL JR CONSTRUCTION

METAPHIL INC

PEARL ENTERPRISES

RARE CRAFT iND

RARE CRAFT IND

UBIX CORP

UNDALOC CONSTRUCTION

Subtotal 6H88 5/31/98 6/18/98 5/31/98 SA1498 6/19/98 5/31/98 D2-1095 D2-1096 D2-1097 D2-1183 D2-1184 D2-1286 D2-1287 D2-1294E D2-1294F D2-1351 02-1352 D2-1383 D2-1384 D2-1447 D2-1448 D2-1534 D2-1535 to D2-1564 16932 16942 17155 247 316 317 217 218 1080 1084 14 16 65474

(g) Input VAT supported by invoices/official receipts not formally offered (No exhibit numbers)

NATIONAL BOOKSTORE

ROCKLAND CORP

Subtotal

(h) Overstated input VAT

DAVAO UNION MKTG

Subtotal Total 3rd QUARTER

(a) Input VAT supported only by Billing Statement, Account Summary, Debit Memo, ALESNA SEC. & DET AGENCY ALESNA SEC. & DEF AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC, & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY

EQUATORIAL SEC SERV

GLOBE TELECOM

JARDINE ABOITIZ

4/18/98 6/15/98 61598 6/19/96 5/28/1998 716998 TANSS8 TIGI1998.

6/26/1998 7/6988 4/30/1998 6/26/1998 26/1998 6/26/1998 7A2/1998 TI2DNS88 D2-1217 Shid. be ameunt D3-249 D3-250 D3-251 D3-252 D3-265 15471 1632 1632 1312079 1306 1783 715 1810 1691 1809 9768 16 3 16 17 86,189.40 7,835.40 165,000.00 15,000.00 4,125.00 375,00 378.00 34.37 152.45 13.86 46,354.00 4,214.00 52,976.00 4,816.00 67,941.70 6,176.52 115,620.10 10,510.92 700.00 63.64 4,800.00 436.36 1,313,357.10 119,396.10 913,418.00 83,038.00 222,062.15 20,187.47 188,892.55 17,172.05 2,370.95 215.54 1,788,408.26 162,582.57 12,227, 583.17 P 4,110,488.64 260.50 P 23.68 278,130.00 25,284.55 255,680.00 23,243.64 534,070.50 P 48,651.87 1,264,000.00 P 114,909.09 632,000.00 57,454.55 632,000.00 P 57,454.54 22,765,728.33 P 2,068,202.84 3,566.00 P 324.18 4,214.30 383.12 8,275.50 752.32 8,275.50 752.32 24,826.55 2,256.96 24,826.55 2,256.96 6,864.00 624.00 1,911.25 173.75 3,212.00 292.00 5,031.10 457.37 3,325.40: 302.31 93,307.40 8,482.49

PHIL FUJI

PHIL GEOQANALYTICS

PHIL WIRELESS INC

PILIPINO TELEPHONE

PLDT PLDT PLDT PLDT PLDT PLDT PLDT PLDT ALESNA SEC. & DET AGENCY

ARCHANGEL SECURITY & INV

GLOBE TELECOM

JARDINE ABOITIZ

MENZ!I & CO

PHIL FUJI

PLDT ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DEF AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY ALESNA SEC. & DET AGENCY

ARCHANGEL SECURITY & INV

EQUATORIAL SEC SERV

GLOBE TELECOM

JARDINE ABOITIZ

PHIL FUJI

741998 6/3/1998 TRASSB 6/3/1998 7/18/1993 THBASSS

THB 998

TNBA9G9E 7R8N99B 78/1998 784986 TABASS8 8/12/1998 7311998 FAVASSS 7/31/1998 6/27/1998 TA3A998 7/31/1998 8/13/4988 8151998 8/15/1998 728/998 7286/1998 8/12/1998 8/6/4998 TIZ3A998 8/13/1998 8/18/1998 8/4/4998 8/25/1998 9/1/1998 8/4/1998 8/25/1988 8/3983 8/25/1998 8/31/1998 8/31/1998 8/31/1998.

8/28/1998 8/31/1998 8/31/1998 9/12/1998 9/121998 6/30/1998 7/31/1998 8/26/1998 various various 915998 D3-391 D3-372 D3-373 D3-374 03-375 D3-376 D3-378 D3-759 D3-763 D3-765 D3-1520 D3-1578/9 D3-1594 D3-1595 D3-1700 416219 2142 401323 2317 2318 41021 1033 1034 1074 1075 2631 18 24TT69 10,789.55 2,112.00 6,226.00 12,529.55 980.65 902.55 902.55 1,056.44 2,611.95 4,305.75 1,117.05 965.35 4,139.50 7,647.50 20,106.25 18,521.35 3,000.00 4,500.00 3,300.00 7,647.55 18,849.60 18,164.30 1,875.20 5,017.45 3,595.70 50,621.00 840.00 5,976.10 1,106.15 4,214.30 4,538.50 8,237.55 8,237.55 33,102.10 33,102.10 8,275.50 8,275.50 4,787.85 8,275.50 8,275.50 7,647.50 20,106.25 18,363.85 7,647.50 11,309.75 6,864.00 6,864.00 6,882.30 23,015.85 93,024.70 5,831.00 980.87 192.00 566.00 1,139.05 89.15 82.05 82.05 96.05 237.45 391.43 101.55 87.76 376.32 695.23 1,827.84 1,683.76 272.73 409.09 300,00 695.23 1,713.60 1,651.30 170.47 456.13 326.88 4,601.91 76.36 543,28 100.56 383.12 412.59 748.87 748.86 3,009.28 3,009.28 782.32 752.32 435.26 752.32 782.32 695.23 1,827.84 1,669.44 695.23 1,028.16 624.00 624.00 625.66 2,092.35 8,456.79 530.09 (b) (c) (qd) PLOT 8/18/1998.

PLDT 9/18/4995

PLDT SHBANSSS

PLDT 9/18/1998

PLBT 9/481998

SMART COMMUNICATIONS 8/15/1998

Subtotal 1,181.30 953.90 2,950.65 8,795.80 1,414.70 3,543.30 1,338.35 401303 44518 430815 175936 764,088.24 P Input VAT supported by invoices/official receipts not in the name of Gorones Development Corporation

CEBUM CONSTRUCTION 6/7/4998

input VAT with no supporting document

AHESCOR PETRON JUL

ARCHANGEL SECURITY JUL

CEBU PIONEER AUTO SUPPLY JUL

JL CERNA SALES JUL

JVF HARDWARE JUL

MONARK EQUIPMENT CORP JUL

PILIPINO TELEPHONE JUL

PLDT JUL

PLOT JUL

PLDT JUL

POWER AUTO PARTS JUL

ROOS INDTL JUL

SELLCHEM CORP JUL

ALESNA SECURITY AUG

ARCHANGEL SECURITY AUG

EVERCARE PHARMACY AUG

HJ FOTO FAST AUG

JUSTINO INDL AUG

TOYOTA DISTRN AUG

TRISALES AUG

B BENEDICTO & SONS SEP

CENIZA PETRON SEP

CERTIFIED CHEMICAL SEP

EDEN ELECTRICAL SEP

JARDINE ABOITIZ SEP

MASING SAND & GRAVEL SEP

PIUIPINAS SHELL SEP

Subtotal Input VAT with no V, TIN, TIN/V or BIR Permit

44'S DEVT CORP 6/19/98

D3-164 -

409.75 P 11,309.75 69.95 1,950.00 1,429.00 12,265.00 3,177.15 9,448.50 935.65 1,871.85 935.65 166.10 2,420.00 3,720.00 119,360.00 8,156.25 3,890.15 12,063.70 1,430.00 1,046.65 45,000.00 2,360.60 3,740.00 87,720.00 1,394.60 15,998.40 240.00 1,368,420.30.

18,421.15 225,776.60 1,965,12675 P

D3-1 2627

523.60 P 7,500.00 P 407.39 86.72 268.24 799.62 126.61 322.12 121.67 69,463.58 47.60 37.25 1,028.16 6.36 177.27 129.91 1,115.00 268.83 858.95 85.06 170.17 85.06 15.10 220.00 338.18 10,850.91 741.48 353.65 1,096.70 130.00 95.15 4,090.91 214.60 340.00 7,974.55 126.78 1,454.40 21.82 124,401.85 1,674.65 20,525.15 178,647.90 681.82

CATAGBACAN ARRASTRE

ESA MKTG CORP

LGH DIESEL

REL TRADING

SHAMROCK ENG’G

ACE PLUS

CATAGBACAN ARRASTRE

FORTUNE PRINTING PRESS

HARNWELL CHEMICALS

SAIKUH MOTOR SALES

TONY EQPT

CONCHING ELECTRICAL

SAIKUH MOTOR SALES

TONY EQPT

Subtotal Non-VAT invoices/Receipts

ALMARIO SHELL SERVICE

APACHE SERVICE CENTER

FULLMART TRADERS

GOLDEN GATE REALTY

MEL & J MKTG

ROC MKTG

FULLMART TRADERS

GOLDEN GATE REALTY

Subtotal input VAT on sales of services not supported by official receipt

ABOITIZ & CO

ABOITH & CO

ABOITIZ & CO

ABOITIZ AIR TRANSPORT

788 7098 T2788 721198 630/98 6/30/08 6/20/98 6/198 JARS 7/1198 TNRS 615/88 TARE TAS 122714 17201 17202 17123 17118 17406 17506 17554 41363 41437 114,227.65 P 551.15 P 13,602.60 2,790.00 1,250.00 61,367.00 29,000.00 300.00 3,450.00 T20.00 66,086.00 179,196.76 P 275.00 P 275.00 165,000.00 86,189.40 1,375.00 26,105.20 5,720.00 269.50 126.50 77.00 176.10 15.00 1,531.82 2,727.27 406.36 T3455 96.60 1,416.36 218.18 6.82 59.10 409.09 527.27 145.45 17455 565.00 16.36 32.73 45.45 454.55 60.00 60.00 10,384.33 50.10 1,236.56 253.64 113.64 5,578.82 2,636.36 27.27 313.64 65.46 6,007.82 16,283.31 2.00 25.00 15,000.00 7,835.40 125.00 2,373.20 520.00 24.50 11.50 7.00 16.01 3.50

ABONIZ AIR TRANSPORT

ABOITIZ AIR TRANSPORT

ACOLAND iNC

ARCHANGEL SECURITY

ASTRAL CONS. & DEV CORP

BALAMBAN CONCRETE

CEBU COLUMBIA PHOTO

FAR EAST CONSTRUCTION

FDR CONSTRUCTION

JCL JR CONSTRUCTION

METAPHIL INC

MULT! STORE CORP

ROOS INDTL

SHAMROCK ENG'G

SHAMROCK ENG'G.

SHAMROCK ENG'G

SMART COMMUNICATIONS

UNDALOC CONSTRUCTION

ABOITIZ & CO

ABOCITIZ & CO

ABOITIZ & CO

ASTRAL CONS. & DEV CORP

FDR CONSTRUCTION

JCL JR CONSTRUCTION

METAPHIL INC

PEARL ENTERPRISES

RARE CRAFT IND

SMART COMMUNICATIONS

UNDALOC CONSTRUCTION

VEN-HEWER CONSTRUCTION

WTG CONSTRUCTION

ABOITIZ & CO

THB TH25/98 TA3BB 7/21/98 7/898 7HAOSB TATAS8 728/98 6/598 7A6B8 THB THORS TI2988 6/15/98 Various TORE 8/198 8/198 8/31/98 8/1/98 7731/1988 D3-230 D3-972 D3-1612 D3-1048 D3-1119 03-1143 D3-1197 to D3-1224 D3-1299 63-1300 41859 42183 1288 821 824 875 17874 17912 17890 736 8 9 224 996 1095 22 16676139 various 7 8 814 1405 17839 17840 17739 17583 68.00 460.80 244,898.50 7,647.50 11,309.75 18,849.60 18,122.50 7,647.55 18,849.60 18,521.35 99,723.35 743,613.65 317.45 423,549.50 99,939.20 165,225.50 23,794.55 85,291.35 45,360.70 15,845.05 800.00 4,800.00 76.00 65,250.00 15,580.00 600.00 9,000.00 485.65 2,176,168.00 165,000.00 1,375.00 86,189.40 6,600.00 3,410.00 101,333.55 188,395.90 114,633.40 4,510.20 4,800.00 587,852.10 294,917.35 1,952.70 1,997,108.50 57,332.00 67,265.00 68,670.00 4,339.25 440.00 440.00 165,000.00 495.00 6.00 41.89 22,263.50 695.23 1,028.16 1,712.60 1,647.50 695.23 1,713.60 1,683.76 9,065.76 67,601.24 28.86 38,504.50 9,085.58 15,020.50 2,163.14 7,753.76 4,123.70 15,845.05 72.73 436.36 6.90 5,931.82 1,416.36 54.55 818.18 44.15 197,833.45 15,000.00 125.00 7,835.40 600.00 310.00 9,212.14 17,126.90 10,421.22 410.02 436.36 53,441.10 26,810.67 177.52 181,555.31 5,212.00 6,115.00 6,242.73 121.75 40.00 40.00 15,000.00 45.00 ABOITIZ & CO 9/1/98. D3-1351 18156 86,189.40 7,835.40 ABOITIZ & CO 9/30/98 D3-1352 18194 825.00 75.00 ABOITIZ & CO 9/3098 D3-1353 18304 440.00 40.00 ABOITIZ & CO 9/1198 D3-1354 17970 1,375.00 125.00 ABOITIZ AIR TRANSPORT Fi22008 D3-1355 42330 38.50 3.50 ABOITIZ AIR TRANSPORT 8B88 D3-1356 43314 38.50 3.50 ABOITIZ AIR TRANSPORT 8/8/98 D3-1357 43974 77.00 7.00 ABOITIZ AIR TRANSPORT 8/15/98 D3-1358 44381 49.50 4.50 ABOITIZ AIR TRANSPORT 8/22/96 D3-1359 45260 115.50 10.50 ABOITIZ AIR TRANSPORT S198 D3-1360 45713 126.50 11.50 ASTRAL CONS. & DEV CORP 8/31/1998 D3-1408 747 100,852.60 9,168.42 BALAMBAN CONCRETE 8/28/98 D3-1418 2257 125,640.90 41,421.90 BALAMBAN CONCRETE 9/4/98 D3-1419 2263 119,355.60 10,850.51 COLOURS FOTO SHOP 8/22/98 D3-1496 13966 206.50 18.77 COLOURS PHOTO EXPRESS 8/2888 D3-1497 24916 298.00 27.09 COLUMBIA PHOTOMART 8/26/98 D3-1498 28035 315.50 28.68 COLUMBIA PHOTOMART 8/20/98 D3-1499 28036 284.45 25.86 FDR CONSTRUCTION 9/498 D3-1564 10 73,875.00 6,715.91 METAPHIL INC 8/21/98 D3-1641 4051 2,200.00 200.00 METAPHIL INC 8/31/98 D3-1642 4198 750.00 68.18 METAPHIL INC 881/98 D3-1643 1199 4,800.00 436.36 METAPHIL INC 9/25/98 D3-1644 1240. 2,700.00 245.45 PEARL ENTERPRISES 9/11/4988 D3-1686 1100 1,271,925.60 115,629.60 UBIX CORP 7188 D3-1818 65677 1,911.25 173.75 UBIX CORP 8/3198 D3-1819 65785 2,141.90 194.72 UNDALOC CONSTRUCTION various D3-1820 to D3-1844 various 1,749,365.35 159,033.21 VEN-HEWER CONSTRUCTION 8/25/98 D3-1912 9 60,434.00 5,494.00 VIRGINIA INTL PRODUCTS T4388 D3-1916 37703 34,100.00 3,100.00 VIRGINIA INTL PRODUCTS 9/10/98 D3-1917 37888 79,200.00 7,200.00 Subtotal 12,246,11120 P 1,927,686.60

(g) input VAT supported by invoices/official receipts not formally offered (No exhibit numbers) MONARK EQPT 7/2198 303591 11,443.60 P 1,037.60 MONARK EQPT TI30/98 304990 4,363.70 396.70 MOUNTAIN LINK MKTG TABS 3776 175,200.00 15,977.27 PROGRESSIVE AUTOMART 7/8/98 25944 1,885.00 171.36 UBAY ARRASTRE 9/198 903 2,750.00 250.00 Subtotal 19561230 P 17,832.93 Total 16,464,877.49 P 1,420,346.25

4TH QUARTER

(a) input VAT supposted only by Billing Statement, Account Summary, Debit Memo, GLOBE TELECOM 9/12/98 D4-237 19 2,522.10 P 229.28 GLOBE TELECOM 9/26/98 D4-238 19 4671.15 424.65 GLOBE TELECOM 101298 D4-239 19 3,287.45 298.86 GLOBE TELECOM 10/1298 D4-240 20 4,700.20 427.29

JARDINE ABOITIZ

METAPHIL INC.

PHIL FUJI

PLDT PLDT PLDT PLDT PLDT PLDT PLDT

SMART COMMUNICATION

ALESNA SEC & DET AGENCY

ARCHANGEL SECURITY & INV

EQUATORIAL SEC SERV

METAPHIL INC

PLDT PLDT

ALESNA SEC & DET AGENCY

ARCHANGEL SECURITY & INV

ASTRAL CONS. & DEV CORP

EQUATORIAL SEC SERV

GLOBE TELECOMS

JARDINE ABOMTIZ

1253 1403 248174 471079 472872 472682 18521 2661 2817 2816 1244 1245 1257 1258 1313 1314 1315 1316 3707 1554 1555 1050 2818 1445 1382 1383 1431 1432 1442 PwunrBhagg 486.85 8,275.50 8,275.50 8,275.50 8,275.50 3,890.15 2,269.30 7,647.50 12,063.80 24,127.50 18,363.85 7,647.50 11,435.40 22,619.50 18,164.30 6,864.00 6,864.00 730.00 6,600.00 27,426.85 1,473.65 2,357.50 17,881.25 20,117.00 22,619.50 18,363.65 7,647.50 11,414.50 20,765.35 22,619.50 18,164.40 181,660.40 6,864.00 6,864.00 4,123.90 2,786.20 3,273.15 3,861.75 69,832.50 990.01 42,309.03 81.82 68.18 456.59 92.64 365.50 95.54 90.14 118.59 90.14 44.26 782.32 752.32 782.32 752.32 353.65 206.30 695.23 1,096.71 2,193.41 1,669.44 695.23 1,039.58 2,056.32 1,651.30 624.00 624.00 68.18 600.06 2,493.35 133.95 214.32 1,625.57 1,828.82 2,056.32 1,669.44 695.23 1,037.68 1,887.76 2,056.32 1,651.31 16,514.58 624.00 624.00 374.90 293.29 297.56 351.07 6,348.41 (b) (c)

JARDINE ABOITIZ 12/198

METAPHIL INC 118098

METAPHIL INC 11/30/98

PIONEER INSURANCE 12198

PLOT 12124198

PLDT 1248/98

PLDT 12/18/98

PLDT 124896

PLDT 12/18/98

PLDT 1218/98

PLDT 124898

PLDT 128/98

PLDT 12/1898

PLDT 1248/96

POWER AUTO PARTS 11/27/98

POWER AUTO PARTS 12/9/98

SMART COMMUNICATIONS 1115/98

Subtotal input VAT supported by invoices/official receipts not in the name of Gorones Development Corporation MC GLASS ENTRP. -

NS OCANA 9498

JRA SURPLUS 12/2/98

Subtotal input VAT with no supporting document ACE HARDWARE PHILS OcT MANDAUE CITY MOTOR SALES ocT

PILIPINAS SHELL OCT

BRIGHTSUN CORPORATION NOV

CIVIC MERCHANDISING NOV

DAVAO UNION MARKETING NOV

HI-SPEED REBUILDERS NOV

HO TONG HARDWARE NOV

JVF HARDWARE NOV

LENTON MKTG NOV

LUVIMIN PORT SERV NOV

MAJESTIC CHINESE CUISINE NOV

MAXIMA EQUIPMENT CO. NOV MAXIMA EQUIPMENT CO. NOV MAXIMA EQUIPMENT CO. NOV MAXIMA EQUIPMENT CO. NOV

MGNARK EQUIPMENT CORP NOV

NATIONAL BOOKSTORE NOV

14-1446 10605 4,828.45 D4-1447 10559 52,800.00 D4-1467 1704 4,799.95 D4-1468 1705 750.00 D4-1513 46092 61,227.10 D4-1490 275963 2,102.85 D4-1491 515785 4,151.60 D4-1492 528881 2,210.80 D4-1493 515805 1,073.15 D4-1494 530672 1,065.15 D4-1495 530692 1,077.80 D4-1496 530693 1,268.10 D4-1497 530777 975.50 D4-1498 517102 2,117.05 D4-1499 528880 4,043.30 D4-1514 62827 235.00 D4-1515 62919 2,494.00 D4-1536 20403933 479.60 977,361.60 P 04-413 54573 439.00 P D4-446 83872 340.00 D4-1449 58535 350.00 1,129.00 P 5,959.25 P 462.00 4,581.23 4,100,500.00 3,534.00 352,444.00 352,302.00 352,302.00 352,302.00 7,513.00 365.00 832.00 250.00 220.00 786.50 1,910.00 10,820.00 9,605.00 21,584.00 19,373.20 702.00 438.95 4,800.00 436.36 68.18 5,566.10 191.17 104.69 200.98 97.56 96.83 97.98 115.28 68.68 192.46 367.57 21.37 226.73 43.60 88,860.37 39.91 30.91 31.82 102.64 541.74 42.00 416.48 100,045.46 321.27 32,040.36 32,027.45 32,027.45 32,027.45 683.00 33.18 75.64 22.73 20.00 71.50 173.64 983.64 873.18 1,962.18 1,761.20 63.81

PHIL PORT AUTHORITY

POWER AUTO PARTS

PROGRESSIVE AUTOMART

PUERTO SERVICIO DE CEBU

RAMCAR TIRE CORP

SOUTHERN. VENTURES FOOD

TALIBON ARRASTRE

TOYOTA CEBU

A&P PRINTERS

ABOMAR CORPORATION

ACE HARDWARE PHILS

AGNO CONST

ALMARIO SHELL SERVICE

AMESCOR PETRON

ARCHANGEL SECURITY

ASTRAL GONS. & DEV CORP B. BENEDICTO & SONS

BALAKBAN CONSTRUCTION

BETAN CALIBRATION

BGY ENTRP

BOHOL TROPICS RESORT

BURGER KING

CEBU ASIAN MOTORS

CEBU PIONEER AUTO SUPPLY

CEBU PIONEER AUTO.SUPPLY

CEBU PIONEER AUTO SUPPLY

1,235.50 1,160.00 1,980.00 1,280.10 3,052.00 3,052.00 12,700.00 15,600.00 2,289.00 675.50 110.00 5,271.00 124.95 3,417.00 4,300.00 2,848.15 1,139.25 19,136.25 385.91 507.95 15.00 555.78 522.95 8,275.00 8,275.00 24,127.50 18,363.85 7,647.50 12,063.70 21,076.00 8,275.50 98,301.15 43,500.00 39,392.80 39,848.80 39,228.00 39,972.80 13,575.00 1,050.00 2,250.00 1,078.00 2,341.45 112.00 1,030.00 570.00 6,000.00 850.00 130.00 4,500.00 150.00 360.00 112.30 105.45 180.01 116.37 277.45 277.45 1,154.55 1,418.18 208.09 61.39 10.00 479.18 11.36 310.64 390.91 258.92 103.57 1,739.66 36.08 46.18 1.36 50.53 4754 792.32 792,32 2,193.41 1,689.44 695.23 1,096.70 1,916.00 782,32 8,996.47 3,954.55 3,581.16 3,622.62 3,566.18 3,633.89 1,234.09 95.45 204.55 98.00 212.86 10.18 93.64 51.82 345.45 T7227 11.82 408.09 13.64 32.73

CEBU PIONEER AUTO SUPPLY

COMMERCIAL GLASS CORP

DELI GOURMET

EDDIES LOG CABIN

EDEN ELECTRICAL

FID ENTRP

F/D ENTRP

FOSROC PHILS

FULLMART TRADERS

GAISANO METRO

GAISANO SOUTH

GEESNELL ENTRP

GEOMATICS INSTRUMENTS

GERONGCO CONST.

GILBROS ENTRP

GLOBE TELECOMS

GOLDEN GATE REALTY

HI-SPEED REBUILDERS

H-LSPEED REBUILDERS

IMPHIL MKTG

JAMILLIAM FOOD HOUSE

JAMILLIAM FOGD HOUSE

JESUS UY ENTRP

JESUS UY ENFRP

JESUS UY ENTRP

LUVIMIN PORT SERV

MAJESTIC CHINESE CUISINE

MAXIMA EQUIPMENT CO.

METAPHIL INC

METRO AYALA CENTER

METRO CENTRE HOTEL

MISSAN PARTS CENTER

NORTHERN STAR TRADING

NVPAS RECAPPING CO

200.00 1,600.00 2,600.00 630.00 1,463.20 492.80 300.00 39,670.40 39,454.40 20,349.00 2,131.50 27.00 1,300.00 11,000.00 556.00 5,250.00 4,900.00 2,000.00 61,268.90 2,764.80 5,470.30 66,086.00 638.00 198.00 77.00 134.75 660.00 605.00 1,484.35 130,00 138.00 140.00 780.00 910.00 155.00 220.00 1,103.10 1,900.00 10,500.00.

750.00 4,799.95 876.00 2,000.00 640.65 792.10 3,500.00 360.00 8,145.60 15,195.20 15,500.00 18.18 145.45 34.55 236.36 57.27 133.02 44.80 27.27 3,606.40 3,586.76 1,849.91 193.77 2.45 118.18 1,000.00 50.55 477.27 445.45 181.82 5,569.90 251.35 497.30 6,007.82 58.00 18.00 7.00 12.25 60.00 55.00 134.94 11.82 12.55 12.73 70.91 82.73 14.09 20.00 100.28 172.73 954.55 68.18 436.36 79.64 181.82 56.24 72.01 318.18 32.73 740.51 1,381.38 1,409.09

NVPAS RECAPPING CO

PLAZA MARCELLA

PLAZA MARCELLA.

PLAZA MARCELLA

PRIMEX TRADE SALES

PROGRESSIVE AUTOMART

PUERTO SERVICIO

PUERTO SERVICIO:

PUERTO SERVICIO

PUERTO SERVICIO.

PUERTO SERVICIO

RANOLA MOTOR CENTER

RESIDENCE INN CORP

SAIKOH MOTOR SALES

SAN JOSE SUPPLIES

SELLCHEM CORP

SMART COMMUNICATIONS

SOUTHERN INDL GAS

SUGAR LOAF BAKESHOP

TOTAL DISTR & LOGISTIC

UNITED AUFOMART

UNITED AUTOMART

13,772.00 7,984.20 531.2 134.75 245.06 115.00 45.00 968.90 6,220.50 287.50 18,309.40 10,985.63 18,309.40 36,618.80 479.60 5,200.00 12,200.00 140.2 17,568.00 2,930.00 1,450.00 1,252.00 726.47 48.30 12.25 22.27 4.55 2.82 22.73 29.45 84.18 123.64 59.09 13.64 114.55 106.36 5.00 23.64 127.27 163.64 W727 872.73 65.45 138.18 2.70 16.65 18.00 1.60 450 18.45 5.40 4.50 ASS 2.70 45.45 20.45 10.45 4.09 87.17 565.50 26.14 1,664.49 998.69 1,664.49 3,328.98 43.60 412.73 1,109.09 12.75 1,597.09 266.36 131.82

UNITED AUTOMART

UNITED AUFOMART

UNITED AUTOMART

VEN-HEWER CONST

WG &AINC ‘

YASCGO MOTOR PARTS

Subtotal Input VAT with no V, TIN, TIN or BAR Pennit

MOUNTAIN LINK

SEAMAN TRADE CENTER

TONY EQPT

ACE PLUS

ARINGAY CONSTRUCTION

F/D ENTERPRISES

JVF HARDWARE

TEXTRON GORP

JF DISTRIBUTORS

JVF HARDWARE

DEG 9130/98 9120/98 10R098 10/29/98 10/28/98 10/29/98 10/29/98 11296 10/2998 11/588.

12/23/98 114898 11/20/98 11/2198 11468 11/19/88 12/1498 12/1398 12/5/98 1245/98 1,920.00 2,550.00 2,250.00 360.00 1,400.00 300.00 650.00 1,080.00 1,120.00 75.00 +,650.00 1,300.00 1,480.00 1,700.00 1,750.00 2,200.00 2,980.00 1,058.00 2,980.00 850.00 19,866.00 983.40 2,200.00 3,696,998.00 160,000.60 228,000.00 1,300.00 160.00 610.00 750.00 1,610.00 1,300.00 1,410.00 58,077.60 39,271.20 614.00 25,200.00 2,944.75 1,700.00 350.00 522.00 80.00 2,927.00 10,680.00 174.55 231.82 204.55 32.73 100.00 27.27 59.09 98.18 101.82 6.82 450.00 118.18 81.82 18.18 35.45 134.55 154.55 159.08 200.00 270.91 9.09 96.18 270.91 77.27 1,806.00 89.37 200.00 P 336,088.77 P 14,548.45 20,727.28 118.18 14.55 55.46 68.18 146.36 118.18 128.18 5,279.78 3,570.11 55.82 2,290.91 267.70 154.55 31.82 47.45 7.27 266.08 970.91 {e)

JVF HARDWARE

MOUNTAIN LINK

TONY EQPT

TOP GOLD PHILS

Subtotal Non-VAT Invoices/Receipts

FULLMART TRADERS

FULLMART FRADERS

GOLDEN GATE REALTY CORP

FULLMART TRADERS

FULLMART FRADERS

FULLMART TRADERS

UBAY ARRASTRE

FULLMART TRADERS

Subtotal input VAT on sales of services not supported by official receipt ABOITIZ & CO.

ABOITIZ & CO.

ABOITiz & CO.

ABOITIZ & CO.

ABOTIZ AIR TRANSPORT

ACOLAND INC.

42/1 198 12/2898 12198 10/29/98 10/29/98 10/698 10/1698.

10/16/98 1046/98 10/26/98 10/29/98 10/29/98 10/30/98 11/7/98 114198 11/24/98 11/2698 11/26/98 10/30/98 10/30/98 T1A1S8

1144 1498

11/798 111G/998 12/8/98 12/8/98 12888 9/20/1998 10/31/1908 101998 11/2/1998 10/1/9998 10/31/1998 10/31/1988 9/19/9988 930998 10/1/1998 40/1/4998 10/1/4996 D4-1454 D4-1475 D4-1560 D4-1561 D4-1562 D4-215 D4-216 D4217 D4-218 D4.219 D4-221 D4-222B D4-223 D4-241 D45 D4-6 D4-7 D468 D4-9 D410 D4-11 D412 D4-13 D4-14 D4-24 123008 901 3375 1346 1347 1432 1494 1490 1489 1365, 1378 1376 4395 733 1547 1598 1610 1611 1394 1396 1546 1545 2120 2173 1657 1656 1632 +7929 18228 18266 18654 18525 18577 18578 47694 1473 1474 145,400.00 730.00 650.00 15,873.00 701,149.55 P 385.00 P 290.00 388.50 4,370.00 3,582.00 585.00 548.00 1,875.00 135.00 1,100.00 66,086.00 3,100.00 2,750.00 550.00 1,502.00 157.00 360.00 90,030.60 P 165,000.00 P 825.00 1,375.00 160,459.20 222,809.40 2,200.00 440.00 945.00 49.50 5,215, 787.05 1,320,000.00 90.00 13,218.18 66.36 59.09 1,442.99 63,740.84 35.00 22.73 35.32 397.27 325.64 53.18 49.82 170.45 12.27 100.00 6,007.82 281.82 50.36 40.00 51.82 20.05 273 8.36 B45 250.00 50.00 136.55 14.27 32.73 8,183.64 15,000.00 75.00 125.00 14,587.20 20,255.40 200.00 40.00 85.91 27.64 4.50 474,162.46 120,000.00

ALESNA SEC & DET

ARCHANGEL SECURITY

ASTRAL CONS

CBX CORPORATION

FDR CONSTRUCTION

PEARL ENTERPRISES

RARE CRAFT IND.

UBIX CORP

UNDALOC CONSTRUCTION

ABOITIZ & CO.

ABONTIZ & CO.

ACOLAND, INC ACOLAND, INC

ASTRAL CONS

PEARL ENTERPRISES

SMART COMMUNICATIONS

UBIX CGRP

UNDALOC CONSTRUCTION

ABOITIZ & CO.

ABOITZ & CO.

ABOITIZ & CO.

ACOLAND INC

FDR CONSTRUCTION

FOR CONSTRUCTION

FLORO BLUE PRINTING

GAMPIN CONST.

PEARL ENTERPRISES

RARE GRAFT IND

8/31/1998 D4-34

S/T5/4998 D435

95/1998 D4-36

9/30/1998 D4-37

9/15/4998 D438

9/30/1998 04-39

9/15/1998 D4-40

9/15/1998 D444

9/30/1998 D442

9/30/1998 D443

9/28/1998 D444

9/2B4986 D445

10/13/1998. D4-46

10/3/1993 D4-47

10/15/1996 D448

10/15/1998 D4-43

SOI199S . D450

10/22/1998 D481

10/19/1998 D4-213

10/31/1998 04-482

10/23/1998 D4-519

9130/1998 D4-578

Various D4-579 to D4-607

11/30/96 D4-732

11/20/98 04-733

1130/08 D4-734

10/1/98 D4-735

11/11/98 04-751 TtAUSs D4-752

10/3198 D4-782

11/1298 D4-1038

9/15/98 D4-1129

103198 D4-1170

various D4-1171 to D4-1196

12/20/98 D4-1267

1231/98 D4-1268

12/31/98 D4-1269

12/198 04-1270

113098 D4-1271

12/2/98 D4-1284

12/498 D4-1424

12/4598 D4-1425

12/4498 D4-1426

12129998 04-1427

12129288 D4-1428

12/28/98 D4-1429

11/21/98 D4-1431

12/23)398 04-1438

11/27/98 D4-1488

12/23/98 D4-1489

11/2788 04-1523 1141 1132 1133 1190 1191 1205 1206 T47T 11 4110 24 18596 18618 18637 18524 1559 1560 1415 various 18788 18797 18819 18864 18958 1610 17 15 16 18 18 11960 1418 1124 24,826.55 24,828.55 21,304.50 20,905.50 3,890.15 42145 18,849.60 18,164.40 18,849.60 18,164.30 7,647.50 11,309.75 7,647.50 11,308.75 20,860.20 18,164.40 102,910.35 220.00 81,735.35 1,021 ,454.50 61,664.00 2,339.80 1,948,069.20 1,375.00 165,000.00 825.00 160,459.20 110,000.00 7,700.00 99,463.20 545,528.50 705.85 2,583.90 1,813,493.85 165,000.00 825.00 1,375.00 160,459.20 1,760.00 3,850.00 56,210.00 140,916.15 140,481.00 105,088.50 38,540.00 61,831.00 4,288.00 704,158.20 587,928.00 1,06 7,000.00 39,494.40 2,256.96 2,256.96 1,936.77 1,900.50 353.65 383.12 1,713.60 1,651.31 1,713.60 1,651.30 695.23 1,028.16 695.23 1,028.16 1,696.38 1,651.31 9,355.49 20.00 7,430.49 92,859.50 5,605.62 212.71 177,097.19 125.00 15,000.00 75.00 14,587.20 10,000.00 700.00 9,042.11 49,593.50 64.17 234.90 164,863.07 45,000.00 75.00 125.00 14,587.20 160.00 350.00 5,110.00 12,810.56 12,771.00 9,553.50 3,503.64 5,621.00 389.82 64,014.38 53,448.00 97,000.00 3,590.40 (9) h)

RARE CRAFT IND

UBIX CORP

UNDALOC CONSTRUCTION

VIRGINIA INTL PRODUCTS

Subtotal 12/28/96. D4-1524

1130/98 D4-1570

123198 04-1571 Various D4-1572 to D4-1664

11/788 D4-1663

12/798 D4-1664

83104 83211 various input VAT supported by invoices/official receipts not formally offered (No exhibit numbers)

ACE HARDWARE

SIKA PHILS INC

CIVIC MERCHANDISING

PILIPINAS SHELL

Subtotal Overstated input VAT

ACS CHEMICAL INDUSTRIES

B. BENEDICTO & SONS

BRIGHTON CORP

TOKYU HARDWARE

Subtotal Total Grand Total 10/13/1998 10/27/1998 113188 12/2/1998 D4-1286 Shid. be amount 121828 D4-1307 Shid. be amount 12/198 D4-1335 Shid_ be arnount 12/2298

11/1498 B4-1147

Shid. be amount 2241 11709 10547 90787483 199414 1667 145,890.60 13,262.78 1,508.45 137.13 1,403.40 127.59 2,799,279.50 294,479.95 11,038.50 1,003.50 18,117.00 1,647.00 18,723,200.60 P 1,793,009.16 200.20 P 18.20 6,246.46 567.86 14,000.00 1,272.73 94,520.40 8,592 76 114,967.06 P 18,461.65 210,600.00 P 19,145.45 126,360.10 11,487.28 84,239.90 P 7,658.17 126,672.00 P 11,515.65 42,210.00 3,837.27 84,462.00 P 7,678.38 157,616.00 P 14,329.64 107,688.00 9,789.82 49,928.00 P 4,539.82 5,260.00 P 460.00 660.00 60.00 4,620.00 P 420.00 Pp 20,296.37 P 2,320,723.33 = P 7,180 487.68 3

GORONES DEVELOPMENT CORPORATION

INPUT VAT DISALLOWANCES PER COURT'S VERIFICATION

FOR TAXABLE YEAR 1999

SUPPLIER

1ST QUARTER

(a) (b) input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note, DATE EXHIBIT Provisional Receipt and Delivery Receipt.

ARCHANGEL SECURITY

GLOBE TELECOM

PLDT

ARCHANGEL SECURITY

C & C CIVIL WORKS

C &C CIVIL WORKS

GLOBE TELECOM

PHIL FUSI

PLOT PLDT PLDT PLDT PLOT PLDT PLDT PLDT PLDT

SMART COMMUNICATIONS

ARCHANGEL SECURITY

C&C CIVIL WORKS

EQUATORIAL SECURITY

GLOBE TELECOM

JARDINE ABOITIZ

PHIL FUuJt PLDT Subtotal 1/15/99 1/15/99 1/15/99 1/45/99 1/26/99 1/18/98 42/31/98 1/15/99 1/15/99 1/31/99 1/31/99 1/31/99 1/31/99 1/31/99 1/29/93 2/15/99 1/12/99 2/12/99 2/18/99 2/18/99 1/18/99 1/18/99 2/19/99 1/2/99 1/2/99 1/2/99 1/2/99 10/99 2/28/99 3/11/99 1/27/99 1/4/99 2/26/99 3/15/99 3/15/99 3/15/99 3/17/99 3/18/99 D5-19 D5-20 D5-17 D5-18 D5-135

D5-209 D5-215

D5-444 D5-445 D5-446 D5-448 D5-449 D5-450 D5-451 D5-452 D5-484 D5-485 D5-566 D5-643 D5-629 D5-630 D5-631 D5-632 D5-633 D5-634 D5-635 D5-636 D5-637 D5-704 D5-920 to D5-929 D5-981 D5-1069 D5-1070 D5-1108 D5-1124 05-1125 D5-1126 D5-1217 D5-1199 to D5-1207 REF. NO.

4498 1499 1487 1488 23 various 1560 1564 1565 1613 1623 1624 1625 1628 10 9 23 251628 589938 602991 §52733 §54026 589958 §91251 604774 604794 604879 22099495 various 10 6082 6084 24 various various various 252744 various AMOUNT P 22,619.50 18,164.40 7,647.50 11,309.75 3,535.75 11,052.05 8,275.50 8,275.50 20,590.80 12,063.70 24,127.50 18,363.85 8,275.40 20,765.35 33,726.00 44,968.00 6,660.85 8,396.00 987.80 1,692.45 1,011.25 2,697.30 900.80 1,705.75 900.80 900.80 900.80 466.40 171,992.85 40,471.20 6,864.00 6,864.00 18,703.50 5,477.00 21,329.00 75,602.65 8,734.65 13,846.95 P 670,867.35 Input VAT supported by invoices/official receipts not in the name of Gorones Development

ANNEX B

INPUT VAT

2,056.32 1,651.31 695.23 1,028.16 321.43 1,004.73 752.32 752.32 1,871.89 1,096.70 2,193.44 1,669.44 752.34 1,887.76 3,066.00 4,088.00 605.53 763.27 89.80 153.86 91.93 245.21 81.89 165.07 81.89 81.89 81.89 42.40 15,635.71 3,679.20 624.00 624.00 1,700.32 497,91 1,939.00 6,872.97 794.06 1,258.82 60,987.95 1 of 11 ka) | A DP ve (c) Corporation

NIPPON TOURIST DEVT 12/22/98

SMART COMMUNICATIONS Dec-98

BOHOL QUALITY SUPERSTORE 3/13/99

Subtotal Input VAT with no supporting document

CEBU PIONEER AUTO SUPPLY JAN

EVERCARE PHARMACY JAN

ISLAND PHOTO CENTER JAN

KENNY ROGERS JAN

KENTUCKY FRIED JAN

MCDONALDS JAN

NIPPON TOURIST DEVT JAN

PHIL SPRING WATER JAN

PILIPINAS SHELL JAN

POWER AUTO PARTS JAN

PUERTO SERVICIO JAN

SM SUPERMARKET JAN

TOP GOLD JAN

UNITED SOUTH DOCKHANDLERS JAN

UPTOWN JAN

X-COMP COMPUTER JAN

YASCO MOTOR JAN

4R's ENTRP & PRINTING FEB 4R's ENTRP & PRINTING FEB 4R's ENTRP & PRINTING FEB 4R's ENTRP & PRINTING FEB

CEBU LITE TRADING FEB

DY PICO MKTG FEB

KANOLA MOTOR CENTER FEB

PACIFIC CONSTRUCTION FEB

UNDALOC CONSTRUCTION FEB

UNITED AUTOMART FEB

D5-202 77601 P

D5-292 21141404

1,475.10 1,027.40 D5-975 8710 159.50 P 2,662.00 Pp 1,100.00 5,009.05 352.55 818.00 1,992.10 171.60 4,250.10 1,615.00 13,194.94 1,410.00 1,409.75 212.85 650.00 183.50 4,816.55 550.00 2,000.00 4,000.00 4,000.00 4,000.00 800.00 557,350.00 82,000.00 360.00 480.00 140.00 55.00 123,900.00 135,680.00 308,723.35 380,182.00 97,525.55 39,396.50 2,537.80 88,503.00 1,013.90 2,841.30 110,599.70 10,235.20 1,055.35 3,099.80 89,981.45 298.00 134.10 93.40 14.50 242.00 100.00 455.39 32.05 74.37 181.10 15.60 386.37 146.82 1,199.54 128.18 128.16 19.35 59.09 16.68 437.87 50.00 181.82 363.64 363.64 363.64 72.73 50,668.18 7,454.55 32.73 43.64 12.73 5.00 11,263.64 12,334.55 28,065.76 34,562.00 8,865.96 3,581.50 230.71 8,045.73 92.17 258.30 10,054.52 930.47 95.94 281.80 8,180.13 27,09 2 of 11 — / Pe AP € { a (d) {e)

UNITED AUTOMART

UNITED SOUTH DOCKHANDLERS

WORLDTEL PHILS

X-COMP COMPUTER

ASTRAL CONSTRUCTION

B. BENEDICTO & SONS

KENTUCKY FRIED

UNITED AUTOMART

Subtotal FEB FEB FEB FEB MAR MAR MAR MAR Input VAT with no V, TIN, TIN/V or BIR Permit

AID ELECTRONICS

CHRISAN 1 RADERS

MEGALINK TRADING

PROGRESSIVE AUTOMART

TEXTRON CORP

TONY EQPT

AR BICADA STORE

FORTUNE PRINTING

GILBROS ENTRP

GOLDEN GATE REALTY CORP

J3 WATER SUPPLY

MOUNTAIN LINK

TONY EQPT

TOP GOLD PHILS

AR BICADA STORE

COLOURS PHOTO EXPRESS

DY PICO SONS

EASTERN GARMENTS

ESA MKTG

MEGALINK TRADING

TONY EQPT

Subtotal Non-VAT Invoices/Receipts

COMPUTER SALES

FULLMART TRADERS

12/17/98 1/15/99 1/19/99 1/19/99 1/29/99 12/14/98 1/25/99 1/22/99 1/29/99 2/11/99 2/5/99 3/31/99 3/5/99 8/5/99 2/16/99 2/13/99 2/10/99 1/5/99 2/13/99 2/22/99 2/28/99 3/19/99 3/19/99 3/19/99 3/19/99 3/13/99 3/2/99 3/2/99 3/11/99 3/12/99 3/22/99 3/23/99 3/23/99 1/27/99 1/15/99 D5-21 D5-76 D5-182 D5-183 D5-184 D5-255 D5-300 D5-310 D5-442 D5-443 D5-562 D5-565 D5-567 D5-575 D5-618 D5-619 D5-728 D5-729 D5-730 D5-916 to D5-919 D5-1050 05-1061 D5-1062 05-1063 D5-1064 D5-1065 D5-1072 D5-1073 D5-1074 D5-1165

D5-1 166

D5-1305 D5-1306 D5-79 D5-123 4344 486 2025 2026 2038 §9431 32421 123088 35655 35791 743 various 787 4979 3768 376 123121 2574 2937 various 26109 11264 11265 11266 11267 1266 §284 5283 5288 2082 2090 123186 123187 659 1736 612.00 356.95 3,750.00 5,400.00 101,046.90 21,715.00 1,294.00 420.00 2,500.00 P 2,225,588.74 P 450.00 2,400.00 1,546.00 412.50 594.00 460.00 1,308.00 1,650.00 378.00 272.00 900.00 6,739.00 66,086.00 910.00 500,000.00 268,000.00 270.00 3,447.00 3,447.00 4,400.00 332.75 275,125.00 275,125.00 275,125.00 275,125.00 24,250.00 8,250.00 30,600.00 14,850.00 330.00 1,350.00 750.00 500.00 P —-2,045,362.25 P 82,000.00 785.00 55.64 32.45 340.91 490.91 9,186.08 1,974.09 117.64 38.18 227.27 P 202,326.31 P 40.94 218.18 140.55 37.50 54,00 41.82 118.90 150.00 34.36 24.73 81.82 612.63 6,007.82 82.73 45,454.55 24,363.64 24.55 313.36 313.36 400.00 30.25 25,011.36 25,011.36 25,011.36 25,011.36 2,204.56 750.00 2,781.82 1,350.00 30.00 122.73 68.18 45.45 P 185,943.84 P 7,454.55 71.36 (f)

FULLMART TRADERS 1/21/99 D5-124 1867

FULLMART TRADERS 1/8/99 D5-125 1771

FULLMART TRADERS 1/41/99 D5-126 1786

FULLMART TRADERS 1/23/99 D5-127 1872

SYNTYCHE COMPUTER 1/20/99 D5-297 2196

UBAY ARRASTRE 12/22/98 D5-315 2840

UBAY ARRASTRE 1/26/89 D5-735 3848

COMPUTER SALES 3/8/99 D5-1054 831

COMPUTER SALES 3/8/99 D5-1055 832

COMPUTER SALES 3/15/99 D5-1056 760

DB BRAKE BONDING CENTER 3/25/99 D5-1057 2994

FORTUNE PRINTING 3/17/99 D5-1093 509

FULLMART TRADERS 3/10/99 —D5-1094 to D5-1104 various

GILARDS ENTRP 3/31/99 D5-1106 804

GOLDEN GATE REALTY 2/23/99 D5-1109 776

Subtotal Input VAT on sales of services not supported by official receipt ABOITIZ & CO. 1/20/99 D5-1 18880 ABOITIZ & CO. 1/31/99 D5-2 19155 ABOITIZ & CO. 1/2/99 D5-3 19014 ABOITIZ & CO. 1/31/99 D5-4 419112

ACOLAND ING 1/1199 D5-5 1614

CEBUANO MOTORS 1/9/99 D5-72 13878

CENTRAL PHILS BANDAG 1/22/99 D5-73 107963

CENTRAL PHILS BANDAG 1/23/99 D5-74 108010

CENTRAL PHILS BANDAG 1/22/99 D5-75 107980

SAIKOH MOTOR SALES 1/21/99 D5-280 6778

SMART COMMUNICATIONS 1/15/99 D5-293 22315974

UNDALOC CONSTRUCTION 12/31/98 05-316 to D5-339 various

WELLMADE MOTORS 1/28/99 D5-405 6246

WELLMADE MOTORS 1/30/99 D5-406 6263

WS! TECHMOLOGIES 1/8/99 D5-409 4746

ABOITIZ & CO 2/1/99 D5-430 19046

ABOITIZ AIR TRANSPORT 1/22/99 D5-432 §3588

ABOITIZ AIR TRANSPORT 1/28/99 D5-433 53761

ABOITIZ AIR TRANSPORT 2/2/99 D5-434 §3889

ABOITIZ AIR TRANSPORT 2/2/99 D5-435 53962

ACOLAND INC 2/1199 D5-436 1648

ACOLAND ING 2/1/99 D5-437 1649

CENTRAL PHILS BANDAG 1/21/99 D5-516 107868

CENTRAL PHILS BANDAG 1/20/99 D5-517 107827

CENTRAL PHILS BANDAG 2/5/99 D5-518 108680

CENTRAL PHILS BANDAG 2/5/99 D5-519 108713

CENTRAL PHILS BANDAG 2/18/99 D5-520 109071

CENTRAL PHILS BANDAG 2/9/99 D5-521 108855

CENTRAL PHILS BANDAG 2/17/99 D5-522 10932

CENTRAL PHILS BANDAG 2/23/99 D5-523 10964

FDR CONSTRUCTION 2/9/99 D5-559 21

METAPHIL INC. 1/31/99 D5-604 1998 6,195.00 170.00 57.00 3,870.00 1,685.00 2,750.00 825.00 4,000.00 4,000.00 3,510.00 450.00 1,260.00 16,267.00 15,082.50 66,086.00 208,992.50 165,000.00 907.50 160,459.20 687.50 3,850.00 840.00 31,500.00 34,650.00 15,750.00 29,755.50 479.60 1,247,115.50 2,186.25 913.00 440.00 160,459.20 165,000.00 77.00 344.00 177.55 77.00 3,850.00 8,250.00 25,200.00 6,300.00 37,800.00 34,650.00 37,800.00 15,750.00 3,150.00 3,411.00 167,666.40 10,285.00 563.18 15.45 5.18 351.82 153.18 250.00 75.00 363.64 363.64 319.09 40.94 4114.55 1,478.82 4,374.14 6,007.82 18,999.33 15,000.00 82.50 14,587.20 62.50 350.00 76.36 2,863.64 3,150.00 1,431.82 2,705.05 43.60 413,374.13 198.75 83.00 40.00 14,587.20 15,000.00 7.00 31.27 16.14 7.00 350.00 750.00 2,290.91 572.73 3,436.36 3,150.00 3,436.36 1,431.82 286.36 282.82 15,242.40 935.00 4 of 11 METAPHIL INC.

UBIX CORP

UNDALOCG CONSTRUCTION

UNDALOC CONSTRUCTION

UNDALOG CONSTRUCTION

UNDALOC CONSTRUCTION

UNDALOG. CONSTRUCTION

UNDALOC CONSTRUCTION

ABOITIZ & CO

ABOITIZ AIR TRANSPORT

ACOLAND INC

BALAMBAN CONSTRUCTION

FDR CONSTRUCTION

METAPHIL INC

PEARL ENTRP

RARE CRAFT INDUSTRIES

UBIX CORP

UNDALOC CONSTRUCTION

VIRGINIA INTL

WELLMADE MOTORS

Subtotal Total

2ND QUARTER

(a) 1/31/99 1/3/99 2/2199 2/3/99 2/3/99 2/4/99 2/3/99 2/4199 2/8/99 2/9/99 2/12/99 2/12/99 2/12/99 2/12/99 2/18/99 2/18/99 2/17/99 2/19/99 2/19/99 various various 2/12/99 2/20/99 2/23/99 3/1/99 3/1/99 3/20/99 3/4/99 3/4/99 2/26/99 2/28/99 2/8/99 2/3/99 2/1199 2/28/99 various 3/9/99 3/29/99 DS-605 D5-736 D5-737 D5-738 D5-739 D5-740 D5-741 D5-742 D5-743 D5-744 D5-745 D5-746 D5-747 D5-748 D5-749 D5-750 D5-751 D5-752 D5-753 D5-900 D5-901 D5-902 D5-903 D5-904 D5-907 D5-908 05-945 D5-946 D5-947 D5-1094 D5-1167 D5-1194 D5-1195 D5-1252 ta D5-1256 D5-1316 D5-1317 to D5-1339 D5-1424 D5-1426 1990 83316 1619 1618 1620 1621 1622 1623 1624 1625 1627 1628 1629 1630 1626 1633 1632 1634 1635 various various 54076 547639 55028 1679 1680 401 12144 12427 22 2089 1160 1170 various 83422 various 38303 6542 P P 4,800.00 1,627.90 495,544.15 2,999.60 8,775.25 996.15 54,892.85 129,704.40 26,522.20 4,881.45 106,843.65 4,181.85 8,936.60 75,523.25 485,627.45 105,130.50 9,763.40 9,440.00 616.55 50,407.50 374,959.20 653.20 177.55 38.50 3,850.00 2,750.00 49,557.00 39,821.60 39,674.40 358,459.20 12,155.00 855,971.60 538,010.00 352,754.40 4,515.60 3,845,681.55 22,472.00 4,840.00 10,459,036.70 15,612,529.54 Input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note, Provisional Receipt and Delivery Receipt.

ARCHANGEL SECURITY

DOMINION INSURANCE

JARDINE ABOITIZ

PLDT 4/31/99 4/25/99 4/20/99 5/4/99 3/8/99 D6-22 fo D6-28 D6-133 D6-220 D6-221 D6-336 to D6-345 various 102576 various 11750 various 160,743.90 121,656.15 79,580.40 14,239.95 41,457.05 436.36 147.99 45,049.47 272.69 797.75 90.56 4,990.26 11,791.31 2,411.11 171.04 9,713.06 107.44 812.42 6,865.75 44,147.95 9,557.37 887.58 858.18 56.05 4,582.50 34,087.20 59.38 16.14 3.50 350.00 250.00 4,505.18 3,620.15 3,606.76 32,587.20 1,105.00 77,815.60 48,910.00 32,068.58 137.78 349,607.41 2,042.91 440.00 P 950,821.55 P 1,419,320.98 P 14,613.08 11,059.65 7,234.58 1,294.54 3,768.82 5 of 11 A CD 4 (b) (c) (d) SMART COMMUNICATIONS 3/15/99 D6-415 24245536 1,442.65 ALESNA SECURITY 5/28/99 D6-1156 4747/26 16,551.00 ARCHANGEL SECURITY various D6-1169 to 06-1172 various 141,880.75 GLOBE TELECOM 5/12/99 D6-1379 27 2,164.70 GLOBE TELECOM 5/10/99 D6-1380 2 §,984.00 GLOBE TELECOM 6/12/99 D6-1381 28 2,193.50 JARDINE ABOITIZ 6/22/99 D6-1393 various 68,755.15 JARDINE ABOITIZ 10/25/97 D6-1394 6581 227,363.50 PLDT 6/18/99 D6-1460/1 various 8,987.80 SMART COMMUNICATIONS 5/15/99 D6-1542/3 various 1,920.70 Subtotal P 894,921.20 131.15 1,504.64 12,898.25 196.79 544.00 199.44 6,250.47 20,669.41 817.07 174.61 P 81,356.47 Input VAT supported by invoices/official receipts not in the name of Gorones Development Corporation APL TRADING 5/20/99 D6-1159 9874 P 550.00 PLAZA MARCELA 5/7/93 D6-1479 37974 200.00 WATERFRONT CEBU CITY 4/21/99 D6-1724 various 11,628.00 Subtotal P 12,378.00 Input VAT with no supporting document ALTURAS SUPERMARKET APR P 354.50 BRIGHTSUN CORP APR 789,264.00 CEBU INFINITY APR 2,004.00 EVERCARE PHARMACY APR 2,415.00 GERONGCO CONSTRUCTION APR 145,583.90 MAXIMA EQPT APR 1,526.00 MONARK EQPT APR 8,335.80 SMART COMMUNICATIONS APR 4,403.60 ABOITIZ AIR TRANSPORT JUN 917.30 ARCHANGEL SECURITY JUN 38,668.65 BRIGHTSUN CORP JUN 184,430.20 BRILLIANCE TRUCKING JUN 79,578.40 GLOBE TELECOM JUN 4,944.05 GLOBE TELECOM JUN 2,080.20 LUVIMIN PORT SERVICES JUN 220.00 PLDT JUN 4,199.15 TALIBON ARRASTRE JUN 310.00 UNITED AUTOMART JUN 417,770.00 UNITED AUTOMART JUN 30,110.00 Subtotal PP 1,314,144.75 input VAT with no V, TIN, TIN/V or BIR Permit 4R'S ENT 6/1/99 D6-1 159 P 3,050.00 AR BICADA STORE 4/8/99 D6-21 36642 162.00 DY PICO SONS 6/29/99 D6-138 14803 398,452.00 DY PICO SONS 7/20/99 D6-139 14804 398,523.00 ESA MKTG 4/20/99 D6-149 5312 14,000.00 ESA MKTG 4/20/99 D6-150 5313 7,900.00 ESA MKTG 4/20/99 D6-151 $315 24,100.00 ESA MKTG 4/20/99 D6-152 5316 34,900.00 P 50.00 18.18 1,057.09 P 1,125.27 P 32.23 71,751.27 182.18 219.55 13,234.90 138.73 757.80 127.60 83.39 3,515.33 16,766.38 7,234.40 449.46 189.11 20.00 381.74 28.18 1,615.45 2,737.27 P 119,464.97 P 277.27 14.73 36,222.91 36,229.36 1,272.73 718.18 2,190.94 3,172.73 6 of 11 = ch — AR BICADA STORE 5/18/99 D6-1160 to D6-1168 various 2,672.00 242.89 CEBU GRAND PRIX 6/15/39 D6-1275 3659 3,900.00 354.55 ESA MKTG 6/14/99 D6-1356 5347 31,050.00 2,822.73 ESA MKTG 6/23/99 D6-1357 §351 34,000.00 3,090.91 MEGALINK TRADING 6/22/99 D6-1430 to D6-1432 various 5,842.00 531.09 Subtotal P 958,551.00 P 87,140.99

(e) Non-VAT Invoices/Receipts FULLMART TRADERS 4/7199 D6-195 to D6-200 various P 7,773.00 P 706.64 FDR CONSTRUCTION 5/24/99 D6-1363 288 354,647.80 32,240.71 FULLMART TRADERS various = D6-1367 to D6-1370 various 2,640.00 240.00 Subtotai P 365,060.80 P 33,187.35 (f} Input VAT on sales of services not supported by official receipt ABOITIZ & CO various D6-4 to D6-10 various P 445,110.60 P 40,464.60 ABOITIZ AIR TRANSPORT various D6-11 to D6-13 various 1,124.35 102.21 BALAMBAN CONSTRUCTION various D6-32 to D-39 various 347,058.00 31,550.73 FDR CONSTRUCTION various D6-187 to D6-191 various 620,480.20 56,407.29 MULT! STORE 3/25/99 D6-319 397713 163.45 14.86 PEARL ENTRP 3/11/99 D6-334 1175 1,098,517.20 99,865.20 RARE CRAFT INDUSTRIES 3/26/99 D6-386 32 34,765.50 3,160.50 RARE CRAFT INDUSTRIES 4113/99 D6-387 33 33,726.00 3,066.00 UNDALOC CONSTRUCTION 416/99 D6-455 to D6-473 various 1,460,265.65 432,751.42 ABOITIZ & CO various D6-1142 various 338,906.70 30,809.70 ACOLAND INC 6/1/99 D6-1152 1788/89 6,600.00 600.00 ASTIR ENG'G 6/25/99 D6-1173 1644 20,300.00 1,845.45 COLOURS FOTO SHOP various 06-1328 to D6-1330 various 917.75 83.43 FDR CONSTRUCTION 6/7199 D6-1362 30 222,013.45 20,183.04 FDR CONSTRUCTION 6/24/99 D6-1364 33 342,781.25 31,161.93 FDR CONSTRUCTION 6/24/99 D6-1365 32 86,724.00 7,884.00 FLORO BLUE PRINTING 6/2/99 D6-1366 38647 203.10 18.46 UNDALOC CONSTRUCTION various D6-1587 to D6-1611 various 1,707,723.85 155,247.61 Subtotal P 6,767,381.05 P 615,216.43 Total P 10,312,406.80 P 937,491.48

3RD QUARTER

(a) Input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note, Provisional Receipt and Delivery Receipt. 4R'S ENTRP 71/15/99 D7-2 various P 2,825.00 P 256.82 ARCHANGEL SECURITY 6/30/99 D7-54 to D7-66 various 251,829.50 22,893.59 AUSTRALIAN WINE 7/20/99 DR None 4,620.00 420.00 C&C CIVIL WORKS various D7-105 to D7-111 various 376,356.55 34,214.23 EAST PACIFIC MOTORS TIZAIS9 D7-191 244 36,500.00 3,318.18 EQUATOR KNIGHTS 7/2/99 D?7-199 115 12,100.00 1,100.00 GLOBE TELECOM various D7-214 to D7-217 various 17,557.75 1,596.16 JARDINE ABOTIZ various D7-235 to D-237 various 288,428.90 26,220.81 MAXICRETE TECH 7129/99 D7-265 80 13,000.00 1,181.82 PLDT 7/18/99 D7-304 778735 3,721.10 338.28 7 of 11.

()-

SMART COMMUNICATIONS

ARCHANGEL SECURITY

BETONVAL READYCONCRETE

C&C CIVIL WORKS

DOMINION INSURANCE

PHIL FUJI

PLDT

SMART COMMUNICATIONS

Subtotal THI99 various 9/21/99 9/27/99 8/20/99 9/23/99 9/24/99 9/29/99 D7-273 D7-1046 to D7-1053 D7-1070 D-1086 D7-1156 D7-1280 D7-1278 D7-1354 91672619 various 7691 various 109485 318326 392845 4663807 P 651.20 238,863.25 10,000.00 359,015.95 5,278.50 11,475.10 2,165.15 1,357.30 1,635,745.25 P 59.20 21,714.85 909.09 32,637.81 479.87 1,043.19 196.83 123.39 148,704.12

(b) Input VAT supported by invoices/official receipts not in the name of Gorones Development Corporation

GLOBE TELECOM

BGY ENTRP

BOYWIN CONSTRUCTION

MAJESTIC CHINESE CUISINE

MANDAUE RELIANCE

NATIONAL BOOKSTORE

SM SUPERMARKET

YOUNG AUTO SUPPLY

Subtotal

CEBU STEEL CORP

CENTRAL LUMBER

SOUTHERN {[NDL

SPEED MASTER

TALIBON ARRASTRE

AAR TRADERS

CEBU STEEL CORP

PLDT

Z&S FERRY SERVICES

Subtotal 6/20/99 9/10/99 8/31/99 9/1/99 8/21/99 3/27/99 9/18/99 8/26/99 JUL JUL JUL JUL JUL JUL SEP SEP SEP SEP D7-213 D7-1071 D7-1073 D7-1221 D7-1222 D7-1261 ta D7-1263 D7-1350 to D7-1353 D7-1501

(d) Input VAT with no V, TIN, TIN/V or BIR Permit

AR BICADA STORE

DY PICO SONS

ESA MKTG

MEGALINK TRADING

SEA PHIL NAVIGATORS

AR BICADA STORE

ESA MKTG

MEGALINK TRADING

SAIKOH MOTORS

Subtotal 7/8/99 6/26/99 6/30/99 7/22/99 712/99 9/7199 various 9/14/99 9/16/99 9/20/99 D7-40 to D7-53 D7-187 to D7-190 D7-200 to D7-202 D7-271 D7-263 D7-1041 to D7-1045 D7-1166 to 07-1170 D7-1229 to D7-1230 D7-1340 D7-1341 21881768 867215 28922 215855 6068 various various 85363 various various various 2242 1725 various various various 3322 3324

(e) Input VAT on sales of services not supported by official receipt P 825.00 1,500.00 200.00 992.50 839.90 886.75 2,637.20 315.00 8,196.35 798.00 104,494.50 5,180.00 35,070.00 7,100.00 149.15 14,000.00 332,878.60 2,580.60 70.00 502,320.85 8,239.00 1,739,718.75 61,460.00 495.00 75,000.10 2,226.50 73,950.00 907.50 9,226.56 900.00 1,972,123.41 P 75.00 136.36 18.18 90.23 76.35 80.61 239.74 28.64 745.11 72.55 9,499.50 470.91 3,188.19 645.45 13.56 1,272.73 30,261.69 234.60 6.64 45,665.82 749.00 158,156.26 5,587.27 45.00 6,818.19 202.40 6,722.71 82.50 838.78 81.82 179,283.93 ABOITIZ & CO various D7-5 to D7-10 various P 365,400.20 P 33,218.20 ACOLAND ING 7H199 D7-18 1818/9 6,600.00 600.00 ASTIR ENG'G 7/20/99 D7-68 1692 4,000.00 363.64 BALAMBAN CONSTRUCTION various D7-87 to D7-89 various 148,514.00 13,501.28 FDR CONSTRUCTION 74/99 D7-205 34/35 432,911.15 39,355.56 HI-SPEED REBUILDERS 7/16/99 D7-220 3214 3,850.00 350.00 METAPHIL INC 6/30/99 D7-272 2797 750.10 68.19 PEARL ENTRP 5/31/99 D7-301 1190 1,336,329.50 121,484.50 RARE CRAFT INDUSTRIES various D7-250 to D7-252 various 174,616.85 15,874.26 TOYOTA CEBU 7HI99 D7-310 11209 869.99 79.09 UBIX CORP 6/30/99 No exhibit no. 83857 1,921.00 174.64 UNDALOC CONSTRUCTION various D7-323 to D7-352 various 3,685,614.55 335,055.87 ABOITIZ & CO various D7-1010 to 07-1016 various 335,304.20 30,482.20 ABOITIZ AIR TRANSPORT various D7-1019 to D7-1023 various 640.85 58.26 ACOLAND ING 8/1/99 D7-1027 1887/8 6,600.00 600.00 BALAMBAN CONSTRUCTION various D7-1060 to 07-1061 various 99,749.95 9,068.18 COLOURS FOTO SHOP SEP D7-1148 to 07-1150 various 716.30 65.11 FDR CONSTRUCTION SEP D7-1177 to D7-1179 various 623,860.15 56,714.56 Hi-SPEED REBUILDERS SEP D7-1186 to D7-1189 various 8,010.00 728.19 METAPHIL INC SEP D7-1231 to D7-1233 various 32,540.10 2,958.19 RARE CRAFT INDUSTRIES SEP D7-1334 to D7-1336 various 216,603.10 19,691.19 UBIX CORP 9/8/99 D7-1379 2382 4,860.00 441.81 UNDALOC CONSTRUCTION various D7-1381 to D7-1404 various 3,070,487 .55 279,135.23 Subtotal P 10,560,749.54 P 960,068.15 Total P 14,679,135.40 P 1,334,467.13

4TH QUARTER

(a) input VAT supported only by Billing Statement, Account Summary, Debit Memo, Debit Note, Provisional Receipt and Delivery Receipt.

4R'S ENTRP 11/40/99 D8-603 85 P 1,200.00 P 109.09 ABOITIZ ONE, INC various D8-612 to D8-617 various 279.00 25.36 AJL SURPLUS 41/9/99 D8-621 4154 420,000.00 10,909.09 ARCHANGEL SECURITY various D8-628 to D8-637 various 499,127.60 18,102.51 CEBU WORLDWIDE 11/22/99 D8-704 5416 7,359.50 669.05 DOMINION INSURANCE various D8-732 to D8-734 various 135,673.45 12,333.95 DY PICO MKTG various D8-735 various 168,750.00 15,340.91 EQUATOR KNIGHTS 40/29/99 D8-740 2019 42,100.00 1,100.00 ISLA COMMUNICATIONS 10/1/99 D8-763 991002563914 4,311.20 119.20 PHIL FUJI 11/18/99 D8-830 326018 9,863.00 896.64 PLOT 11/24/99 D8-827 to D8-828 various 3,744.05 340.37 4R'S ENTRP 12/9/99 D8-106 121 2,400.00 218.18 ARCHANGEL SECURITY various D8-1040 to D8-1054 various 287,227.90 26,111.63 C&C CIVIL WORKS various D8-1090 to D8-1092 various 377,024.40 34,274.95 DOMINION INSURANCE various D8-1131 to D8-1133 various 65,244.50 5,931.31 PHIL FUJI 12/16/99 D8-1210 338328 9,857.30 896.12 PLDT various D8-1207 to D8-1209 various 5,944.85 §40.45 Subtotal P 1,407,106.75 P 127,918.81

(b) Input VAT supported by invoices/official receipts not in the name of Gorones Development Corporation 8 of 11.

AL J MOSG

BOB'S PLACE

CHOWKING

COLOURS FOTO SHOP

COPYLANDIA

FCAA CALTEX

GAISANO INC

ISLA COMMUNICATIONS

JOVEN'S GRILL

JUNREX CELLPHONE

JY SQUARE

LB TOLEDO

MAX'S

MERCURY DRUG

MULTI STORE

NATIONAL BOOKSTORE

PRINCE WAREHOUSE

R & M PRESERVES

ROSE PHARMACY

RS PETRON

SEIKO SERVICE CENTER

SHAKEY'S

SILANGAN RESTAURANT

SM SUPERMARKET

SMALL WONDERS MDSE

TALK OF THE TOWN REST.

ULB INTL

WHITEGOLD ING

MOTORCARE GEN MDSE

Subtotal Input VAT with no supporting document

DEO SUPER SHELL

DOMINION INSURANCE

JARDINE ABOITIZ

MULTI STORE

NORTHERN STAR

TALIBON ARRASTRE

TRI-ACE SYSTEMS

ALJ MDSG

ESA MKTG

JUASING HARDWARE

TOLEX ENTRP

WASHINGTON ELECTRICAL

Subtotal 10/21/99 41/5/99 41/20/99 11/16/99 40/20/99 11/18/99 11/6/99 various 11/29/99 11/21/99 10/29/99 various 41/17/99 41/18/99 11/17/99 11/9/99 various 11/14/99 11/11/99 various 11/17/99 10/29/99 11/5/99 11/19/99 various 41/12/99 11/18/99 11/3/99 10/21/99 11/17/99 NOV NOV NOV NOV NOV NOV NOV DEC DEC DEC DEC DEC D8-623 D8-624 D8-667 D8-713 D8-722 to 08-727 D8-729 D8-749 D8-755 to D8-756 D8-764 D8-766 D8-769 D8-772 to D8-775 D8-780 D8-787 D8-790 D8-807 D8-809 to D8-815 D8-844 D8-849 D8-869/70 D8-871 D8-881 D8-882 D8-883 D8-884/5 D8-886 08-903 D8-916 D8-993 to D8-995 B8-1193 Input VAT with no V, TIN, TIN/V or BIR Permit

AR BICADA STORE

BEBECO PHILS

various 12/5/99 D8-626 to D8-636 D8-656 13993 P 125.20 14265 125.20

8148 483.45

3691 127.00

various 2,238.80 66255 59.95 29214 130.00 various 2,186.25 498274 1,996.50 14834 560.00 18683 200.00 various 1,781.20

7033 86.45

12582 4,481.00 292838 435.00 457637 149.25 various 3,492.20 141197 927.30 123564/6 366.95 various 769.20

4780 223.10

83201 300.00 40003886 499.50 70679 311.50 various 3,637.45 79972 147.20

9844 2,440.00

8697 150.00

various 3,613.40 58721 204.00 P 28,947.05 P 285.55 126,264.60 1,791.00 441.00 2,999.90 940.00 160.00 110.00 35,500.00 1,260.00 2,940.00 25.00 P 172,717.05 various Pp 5,456.40 40262 §,001.92 p 11.38 11.38 43.95 11.55 203.52 5.45 11.82 198.75 181.50 50.94 18.18 161.92 7.86 134.64 12.27 13.57 317.47 84.30 33.36 69.93 20.28 27.27 45.41 28.32 330.68 13.38 221.82 13.64 328.53 18.55 2,631.59 25.96 11,478.60 162.82 40.09 272.72 85.45 14.55 10.00 3,227.27 114.55 267.28 2.27 15,701.56 496.04 454.72 10 of 11 / (e)

CELL BRAKE LINING 11/13/99 DB-709 2925

ESA MKTG 11/15/99 D8-741 to D8-743 various

GIGI PARTS 10/26/99 D&-760 52261

AR BICADA STORE various D8-1036 to D8-1039 various CIVIC MDSG 12/14/99 Ds-1126 14731

ECHO ELECTRICAL 12/16/99 D8-1134 33680

EQUATOR KNIGHTS various D8-1135 to D8-1136 various ESA MKTG various D8-1137 to D&8-1138 various Subtotal Non-VAT invoices/Receipts

FORTUNE PRINTING PRESS 14/23/99 D8-753 1557

FULLMART TRADERS 10/15/99 D8-754 982

MOUNTAIN LINK MKTG 41/5/99 D8-805 §9

MOUNTAIN LINK MKTG 11/6/99 D8-806 58

FORTUNE PRINTING PRESS various NO Exhibit no. 1570/6

FULLMART TRADERS 9/13/99 D8-1152 864

GOLDEN GATE REALTY 1/7/99 D8-1 186 766

Subtotal Input VAT on sales of services not supported by official receipt ABOITIZ & CO 11/2/99 D8-607 to D8-611 various

ACOLAND INC V/4/99 D8-619 VI64AI5

BALAMBAN CONSTRUCTION 10/27/99 D8-654 to D8-655 various METAPHIL INC various 08-791 to D8-792 3654/3665

UBIX CORP 10/31/99 D8-915 84292

UNDALOC CONSTRUCTION various D8-917 to DB-934 various ABOITIZ & CO various D8-1022 to D8-1028 various

ACOLAND INC 42/4/99 D8-1031 2001/2

BALAMBAN CONSTRUCTION 12/2193 D8-1076 484

FDR CONSTRUCTION 11/15/99 08-1144 te D8-1149 various

METAPHIL INC 11/30/89 D8-1177 3822

MITECH 11/24/99 DB-1187 3458

UBIX CORP 42/29/99 D8-1231 to D8-1232 various UNDALOG CONSTRUCTION various D8-1233 to DB-1292 various

WELLMADE MOTORS 12/4/99 D8-1356 7891

Subtotal Total Grand Totai 300.00 27.27 74,050.00 6.731.82 450.00 40 9% 1,476.90 134 78 145,356.06 13.214.78 16,840.00 1,530 94 24,200.00 2 200 00 26,750.00 2,431 82 P 299,880.32 P 27,261.85 Pp 890.00 P F273 4,546.00 140.85 679,000.00 81727 2?

61,569 00 5.590 94 $950.20 te? 29 24.10 249 65,086.03 6,007 82 P 810,906.33 P 73,718.76 P 332.416 70 P 7,062 00 81 837.15 4 3,558.10 g 1,695.50 38 953.460 40 SG 385,893.40 38, 2 7,062.00 642 00 41,094.00 2.735 62 1.274.560 85 110 414.62 68 19 61a $50.00 2,168.06 10,168,086.70 2,442.00 P 13,211,363.05 P 1,201,032.07 15,930,910.55 1,448 264.64 P 56,534,982.29 P 5,139,544.23 Bt ma] me] of 11 44 S13) a