MANILA, Philippines – With total assets of P9.681 billion, the Davao City Water District is the richest in the Philippines, the 2018 Annual Financial Report, released recently by the Commission on Audit , showed.
In 2018, it reported a gross income of P2.439 billion, and also spent the biggest – P1.705 billion in expenses.Metropolitan Cebu WD – P5.465 billionZamboanga City WD – P1.9 billionMetro Lipa WD – P1.274 billionThey had a combined income of P9.615 billion in 2018 or 32.11% of national total of P29.945 billion. They had combined expenses of P8.004 billion or 32.14% of the total.
The combined income of all water districts, at P29.94 billion, in 2018 was P1.09 billion higher than the P28.85 billion income in 2017.
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