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17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-

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Page 1: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 2: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 3: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 4: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 5: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 6: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 7: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
Page 8: 17 VISAYAS STATE UNIVERSITY Consolidated Financial Statements for the year ended December 31, 2018 Pro-forma Notes to Financial Statements Investment in government business enterprises-
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