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                                            Republic of the Philippines
                                           Province of Negros Oriental
                                          MUNICIPALITY OF BASAY

                                  Statement of Changes in Net Assets/Equity
                                     For the Year Ended December 31, 2024
                                   (With Comparative Figures for CY 2023)

                                                                             2024                  2023

Balance at January 1                                                 ₱   308,983,592.96    ₱   307,855,027.14
Add (Deduct)
    Change in Accounting Policy                                                     0.00                  0.00
    Prior Period Adjustments                                               3,320,411.68          9,351,749.16
Restated Balance                                                     ₱   312,304,004.64    ₱   317,206,776.30
Add (Deduct) Changes in net assets/equity during the year
Adjustment of net revenue recognized directly in net assets/equity   ₱              0.00   ₱              0.00
Surplus (Deficit) for the period                                          36,105,804.86         (8,223,183.34)
Total recognized revenue and expenses for the period                 ₱    36,105,804.86    ₱    (8,223,183.34)
Balance at December 31                                               ₱   348,409,809.50    ₱   308,983,592.96




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