Republic of the Philippines
Province of Negros Oriental
City of Guihulngan
Statement of Changes in Net Assets/Equity
For the Year Ended December 31, 2024
(With Comparative Figures for CY 2023)
(in Philippine Peso)
2 0 2 4 2 0 2 3
Balance at January 1 2,800,001,685.18 2,695,516,922.36
Add (deduct):
Changes in Accounting Policy
Prior Period Adjustment (144,795,665.93) (110,438,299.09)
Restated Balance 2,655,206,019.25 2,585,078,623.27
Add (deduct) Changes in Net
Assets/Equity during the year:
Adjustment of net revenue recognized
directly in net assets/equity 38,734,273.42 68,428,064.60
Surplus (Deficit) for the period 37,945,968.22 146,494,997.31
Total recognized revenue and expenses
for the period 76,680,241.64 214,923,061.91
Balance at December 31 2,731,886,260.89 2,800,001,685.18
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