The breakdown of the properties booked as part of the PPE and biological assets from
September 2021 to November 2024, which were subsequently reversed, are as follows:
Land – ₱678,021,943.68
Building – ₱41,728,666.55
Crops and Trees – ₱17,187,133.80
Note 9 – Biological Assets
This account consists of the following:
2024 2023
Breeding Stocks ₱ 153,760.00 ₱ 153,760.00
Plants and Trees 22,000.00 16,315,705.50
Total Biological Assets ₱ 175,760.00 ͥ₱ 16,469,465.50
Breeding stocks in the amount of ₱153,760.00 were distributed to selected farmer
beneficiaries but are still subject to verification with the records of the Office of the
Municipal Agriculturist. Plants and trees in the amount of ₱22,000 represent seedlings used
for Tree Planting program.
Note 10 – Financial Liabilities
This account consists of the following:
Current:
Accounts Payable ₱ 14,059,061.35 ₱ 9,298,726.62
Due to Officers and Employees 341,840.11 350,708.80
Loans Payable – Domestic 13,934,971.24 10,078,791.86
Total Current Financial Liabilities ₱ 28,335,872.70 ₱ 19,728,227.28
Non-Current:
Loans Payable – Domestic 127,139,764.29 127,854,865.61
Total Non-Current Financial Liabilities ₱ 127,139,764.29 ₱ 127,854,865.61
Total Financial Liabilities ₱ 155,475,636.99 ₱ 147,583,092.89
Loans payable for CY 2025 were classified as as follows:
CLASSIFICATION OF LOANS
Name of Loan Current Non-Current
Construction of 2-storey public market ₱ 0.00 ₱ 3,900,000.00
(wet section)
Expansion of waterworks system 1,951,657.60 3,152,586.39
Construction of public market 2,234,147.00 12,846,345.25
Construction of Bacong Commercial 9,749,166.64 107,240,832.65
Complex
Total Loans Payable ₱ 13,934,971.24 ₱ 127,139,764.29
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