Note 7. Property, Plant, and Equipment, Net
This account is composed of the following:
2024 2023
Land ₱ 50,802,566.41 ₱ 40,802,566.41
Road Networks 13,165,828.64 19,085,061.72
Water Supply Systems 13,819,707.58 18,996,553.14
Power Supply Systems 176,668.38 185,455.88
Other Infrastructure Assets 3,479,429.23 4,081,865.06
Buildings 8,118,086.77 9,460,793.78
School Buildings 804,222.79 986,155.22
Hospitals and Health Centers 10,215,259.26 14,049,615.62
Markets 3,845,881.22 4,598,537.08
Other Structures 9,148,125.31 11,485,525.41
Office Equipment 314,763.50 382,451.47
Information and Communication Technology
Equipment 1,416,017.13 1,711,859.62
Agricultural and Forestry Equipment 1,785,000.00 2,450,000.00
Communication Equipment 164,988.40 193,488.40
Construction and Heavy Equipment 11,303,953.88 14,781,136.31
Disaster Response and Rescue Equipment 47,171.45 80,737.99
Medical Equipment 2,429,924.65 4,246,655.25
Other Machinery and Equipment 2,056,585.02 2,736,639.40
Motor Vehicles ₱ 25,995,322.39 ₱ 32,150,535.29
Furniture and Fixtures 255,143.36 330,678.62
Construction in Progress - Land Improvements 104,728.40 104,728.40
Construction in Progress - Infrastructure Assets 201,097,358.48 190,250,701.21
Construction in Progress - Buildings and Other
Structures 40,583,352.21 39,681,770.40
Work/Zoo Animals 45,500.00 45,500.00
Other Property, Plant, and Equipment 13,744.85 61,555.96
Total Property, Plant, and Equipment, net ₱ 401,189,329.31 ₱ 412,940,567.64
The LGU measured the residual value of all items of property, plant, and equipment, but does not
expect a residual value of these assets, because these will be utilized for their entire economic lives
and do not have a significant scrap value. During the current financial year, the LGU reviewed the
estimated useful lives and residual values of property, plant, and equipment, where appropriate.
The LGU has a total of __ kilometers of roads with a total cost of Php13,165,829. For the year
ended, the agency spent a total of Php180,540 for major. Reductions in the amount of Php82,400
were recorded due to derecognition.
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