Published by Philippine National Oil Company(PNOC) on July 28, 2021.
Requested from PNOC by C. Advincula at 03:51 AM on
July 28, 2021.
Purpose: Research for a news report
Date of Coverage: 04/12/0021 - 06/25/2021
Tracking no: #PNOC-024382342049
A.YANG
July 28, 2021, 3:51 a.m.
Good morning, PNOC.
I am Angelica Yang, a reporter from BusinessWorld. I would like to request for PNOC's second quarter income report including the following: net income, revenues, and expenses. Kindly also let us know if the figures shared are from the entity's unaudited or audited financial statements.
Thank you!
July 28, 2021, 8:47 a.m.
July 28, 2021
Dear Angelica,
Thank you for your request dated Jul 28, 2021 03:51:46 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for PNOC's second quarter income report.
We received your request on Jul 28, 2021 03:51:46 AM and will respond on or before Aug 18, 2021 03:51:46 AM, in accordance with the Executive Order's implementing rules and regulations.
Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEVBOT0MtMDI0MzgyMzQyMDQ5DA, for request with ticket number #PNOC-024382342049.
Thank you.
Respectfully,
Ms. Katrine Arielle Bernabe-Alvarado
FOI Officer
A.YANG
July 28, 2021, 8:42 p.m.
Good evening.
May I also request for PNOC's second quarter income report for the year 2020 (covering April to June) for comparison purposes? Thank you!
Aug. 6, 2021, 12:02 p.m.
06 August 2021
Dear Ms. Angelica Yang:
Greetings!
Thank you for your request dated July 28, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your request
You asked for:
• “I would like to request for PNOC's second quarter income report including the following: net income, revenues, and expenses. Kindly also let us know if the figures shared are from the entity's unaudited or audited financial statements.”
• “May I also request for PNOC's second quarter income report for the year 2020 (covering April to June) for comparison purposes?”
Response to your request
• “I would like to request for PNOC's second quarter income report including the following: net income, revenues, and expenses. Kindly also let us know if the figures shared are from the entity's unaudited or audited financial statements.”
Since 2020 and 2021 figures are not yet audited, we can only disclose what is in our website, under Audited Financial Statements – Quarterly Reports. For the unaudited Statement of Comprehensive Income as of June 30, 2021 (2nd Quarter), here is the link to the PDF file which contains the answer to your request:
http://www.pnoc.com.ph/wp-content/uploads/2021/08/FS2Q2021.pdf
• “May I also request for PNOC's second quarter income report for the year 2020 (covering April to June) for comparison purposes?”
The unaudited Statement of Comprehensive Income as of June 30, 2020 (2nd Quarter) is found in :
http://www.pnoc.com.ph/wp-content/uploads/2021/05/FS2Q2020.pdf.
Your right to request a review
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response, by writing to President Reuben S. Lista, through postal address: Philippine National Oil Company, Building 6, Energy Center, Rizal Drive, Bonifacio Global City, Taguig 1634, Metro Manila, Philippines or contact PNOC through telephone number: (+63 2) 87897662. Your review request should explain why you are dissatisfied with this response, and should be made within 15 working days from the date when you received this letter. We will complete the review and tell you the result, within 30 working days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
Thank you.
Respectfully,
Maria Belinda L. Cubelo
FOI Decision Maker
A.YANG
Aug. 6, 2021, 12:09 p.m.
Thank you for getting back to us on this. I can't seem to find the financial statements on PNOC's new website. I used to be able to access them here: http://www.pnoc.com.ph/aboutpnoc.php?sectionid=ac587724-1514-11df-a7de-92d1637a39b1&menuid=8d4e9c72-154e-11df-93b0-42bae035655c.
Can you share the link of the page where the quarterly financial statements can be accessed? Thank you!
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