12. Intra-Agency Payables
This account is composed of the following:
2024 2023
Due to Other Funds ₱ 10,535,771.72 ₱ 14,535,100.62
Less: Due to Other Funds (eliminated) (10,535,771.72) (14,535,100.62)
Total Intra-Agency Payables, Net ₱ 0.00 ₱ 0.00
Intra-Agency Receivables and Payables in the amount of TEN MILLION FIVE
HUNDRED THIRTY-FIVE THOUSAND SEVEN HUNDRED SEVENTY-ONE
PESOS AND 72/100 (₱10,535,771.72) have been eliminated in the preparation of
Consolidated Financial Statements. (see also Note 5)
13. Trust Liabilities
This account is composed of the following:
Trust Liabilities ₱ 3,456,943.21 ₱ 3,662,706.06
Trust Liabilities – Disaster Risk
Reduction and Management Fund 19,289,870.71 18,743,817.86
Guaranty/Security Deposits Payable 526,343.68 129,708.84
Total Trust Liabilities ₱ 23,273,157.60 ₱ 22,536,232.76
a. Trust Liabilities - Disaster Risk Reduction and Management Fund
The account Trust Liabilities - Disaster Risk Reduction and Management Fund of
₱19,289,870.71 is composed of the following:
YEAR UNSPENT
AMOUNT
CY 2024 ₱ 2,548,238.48
CY 2023 4,310,834.67
CY 2022 4,832,172.25
CY 2017-2021 7,598,625.31
Total ₱ 19,289,870.71
14. Other Payables
Other Payables amounted to ₱240,642.17 and ₱525,617.39 for CY 2024 and CY 2023,
respectively.
40
