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FINANCE
Matan-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’s Comparative Financial Highlights for calendar years 1991 to 2008 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 and P 1,226,383 billion respectively, average growth rate is 22% 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 |
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Average |
22 |
Already on its 20th year of operation since its inception, MCIAA can now boasts of its accomplishment in terms of financial and operational performance. It has gradually recovered from the effects of Asian crisis as its income continues to increase in time.
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