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PROFILE  

Philippines

 

FINANCE

Mactan-Cebu International Airport Authority (MCIAA) is financially self-supporting. It operates on its own without equity infusion. It prides itself on operating financially as a successful business while serving the public interest. Its financial status shows capability of sustaining its operational/business requirements as its Net Income continue to increase in time.

As shown in the Authority‚Äôs Comparative Financial Highlights for calendar years 1991 to 2016 MCIAA earned Total Gross Operating Income of 
P 34,355 million, P 46,596 million, P 63,019 million, P 100,035 million, 
P 130,910 million, P 194,365 million, P 309,794 million, P 309,157 million, P 400,489 million,      P 465,173 million, P 559,413 million, P 555,297 million, P 583,346 million, P 676,510 million,      P 737,480 million, P 842,607 million, P 987,033 million, P 1,015,050 billion , P 1,098,721 billion   P 1,226,383 billion, P 1,349,050 billion, P 1,482,339 billion, P 1,514,888, P 1,438,358 billion, P 15,155,458 andP 1, 214,421 respectively, average growth rate is 51.84% to wit:

Percent Amount ('000') Percent
1991-1992 P 34,355 to P 46,596 36
1992-1993 P 46,596 to P 63,019 35
1993-1994 P 63,019 to P 100,035 59
1994-1995 P 100,035 to P 130,910 31
1995-1996 P 130,910 to 194,365 48
1996-1997 P 194,365 to P 309,794 59
1997-1998 P 309,794 to P 309,157 0
1998-1999 P 309,157 to P 400,489 30
1999-2000 P 400,489 to P 465,173 16
2000-2001 P 465,173 to P 559,413 20
2001-2002 P 559,413 to P 555,297 -1
2002-2003 P 555,297 to P 583,346 5
2003-2004 P 583,346 to P 676,510 16
2004-2005 P 676,510 to P 737,480 9
2005-2006 P 737,480 to P 842,607 14
2006-2007 P 842,607 to P 987,033 17
2007-2008 P 987,033 to P 1,015,050 3
2008-2009 P 1,015,050 to P 1,098,721 8
2009-2010 P 1,098,721 to P 1,226,383 12
2010-2011 P 1,226,383 to P 1,349,050 10
2011-2012 P 1,349,050 to P 1,482,339 10
2012-2013 P 1,482,339 to P 1,514,8880 2
2013-2014 P 1,514,888 to P 1,438,358 -5
2014-2015 P 1,438,358 to P 15,155,458 954
2015-2016 P 15,155,458 to P 1,214,421 -92
  Average 51.84

Already on its 26th year of operation since its inception, MCIAA can now boasts of its accomplishment in terms of financial and operational performance.

 

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