Intra-Agency Payables and Receivables consisting of the account Due to/Due from Other and
Due to Special Funds amounting to ₱57,443,532.17 have been eliminated (Please see Note 6).
Note 15 – Trust Liabilities
2024 2023
Current Non-Current Current Non-Current
Trust Liabilities - Disaster
Risk Reduction and
₱92,076,005.28 0.00 ₱118,458,203.73 0.00
Management Fund
(LDRRMF)
Bail Bonds Payable 277,237.36 0.00 277,237.36 0.00
Guarantee/Security/Deposits
27,752,826.64 0.00 11,513,873.74 0.00
Payable
Total ₱120,106,069.28 0.00 ₱130,249,314.83 0.00
The LDRRMF for CY 2024 had an unexpended balance of ₱21,738,421.71 which was
transferred to the Trust Fund on the month of February of the ensuing year.
Note 16 – Deferred Credits/Unearned Income
2024 2023
Current Non-Current Current Non-Current
Deferred Real Property
₱97,696,277.20 ₱79,335,598.41 ₱80,419,647.39 ₱80,735,713.81
Tax
Deferred Special
18,355,407.08 130,122,096.51 28,989,777.76 101,132,312.75
Education Tax
Other Deferred Credits 3,091,157.02 42,167,193.72 16,984,466.01 41,972,170.27
Total ₱119,142,841.30 ₱251,624,888.64 ₱126,393,891.16 ₱223,840,196.83
A part of the Other Deferred Credits is the collection of ₱40,000,000.00 from Metro Retailer
Group, Inc. as partial advance rental of Mercado de Bais under a contract of lease signed on
July 21, 2016 for the period of 25 years commencing on March 18, 2017 (the Turn-over Date)
and will expire on March 17, 2043.
Note 17 – Other Payables
2024 2023
Current Non-Current Current Non-Current
Other Payables ₱48,031,224.45 ₱96,566,072.26 ₱57,707,643.65 ₱80,912,948.53
Total ₱48,031,224.45 ₱96,566,072.26 ₱57,707,643.65 ₱80,912,948.53
Other Payables includes accrued salaries and wages of job order employees as of December
31, 2024. This account also includes loan payment from regular employees to various financial
institutions and cooperatives.
Note 18 – Tax Revenue
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