Note 6 – Inventories
This account consists of inventories held for consumption:
2024 2023
Welfare Goods for Distribution ₱ 145,579.40 ₱ 134,769.48
Property and Equipment for Distributions 0.00 1,522,240.00
Other Supplies & Materials for Distribution 0.00 74,000.00
Office Supplies Inventory 442,703.75 0.00
Accountable Forms, Plates and Stickers 395,364.14 22,625.74
Drugs and Medicines Inventory 459,321.00 519,139.00
Medical Dental and Laboratory Supplies 122,110.00 371,161.45
Fuel, Oil & Lubricants Inventory 351,837.10 0.00
Agricultural and Marine Supplies Inventory
61,855.00 220,714.34
Construction Materials Inventory 0.00 4,174,848.94
Other Supplies and Materials Inventory 3,402,564.80 222,335.00
Semi-Expendable Office Equipment 38,500.00 0.00
Semi-Expendable Information &
Communication 18,650.00 0.00
Total ₱ 5,438,485.19 ₱ 7,261,833.95
Note 7 – Prepayments and Deferred Charges
Advances to Contractors ₱ 3,869,782.01 ₱ 15,365,530.11
Prepaid registration 17,136.00 13,295.50
Prepaid Insurance (for municipal vehicles) 47,848.47 22,087.51
Discount on Advance Payment 740,527.84 362,935.64
Total ₱ 4,675,294.32 ₱ 15,763,848.76
Note 8 – Property, Plant and Equipment
2024 2023
Land ₱ 4,043,920.40 ₱ 4,043,920.40
Land Improvements
Land Improvements 111,697.00 111,697.00
Less: Accumulated Depreciation 100,527.30 100,527.30
₱ 11,169.70 ₱ 11,169.70
Other Land Improvements 3,303,100.99 3,303,100.99
Less: Accumulated Depreciation 2,311,132.99 2,166,001.66
₱ 991,968.00 ₱ 1,137,099.33
Sub-total Land Improvements ₱ 1,003,137.70 ₱ 1,148,269.03
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