9. Biological Assets
This account consists of the following:
Bearer Biological Assets 2024 2023
Breeding Stocks ₱ 14,809,632.00 ₱ 14,669,632.00
Plants and Trees 4,860,514.04 4,860,514.04
Total Biological Assets ₱ 19,670,146.04 ₱ 19,530,146.04
The above balances are stated in net recoverable value.
10. Financial Liabilities
This account consists of the following:
Current Liabilities
Accounts Payable ₱ 20,845,369.16 ₱ 17,647,917.85
Due to Officers and Employees 4,868,671.43 4,630,002.34
Total Current Liabilities ₱ 25,714,040.59 ₱ 22,277,920.19
Non-Current Liabilities
Loans Payable – Domestic ₱ 385,608,730.24 ₱ 310,985,854.88
Total Non-Current Liabilities ₱ 385,608,730.24 ₱ 310,985,854.88
11. Inter-Agency Payables
This account consists of the following:
Due to BIR ₱ 1,476,560.87 ₱ 2,476,823.15
Due to GSIS 2,693,228.27 2,549,031.57
Due to Pag-IBIG 104,560.63 51,884.94
Due to PhilHealth 812,843.98 578,167.79
Due to NGAs 70,683,014.46 39,958,254.26
Due to GOCCs 137,886.90 182,069.66
Due to LGUs 7,613,384.87 4,327,270.24
Total ₱ 83,521,479.98 ₱ 50,123,501.61
The first four accounts represent the amount deducted from the salaries of officials and
employees and is remitted to the respective government agencies immediately on the
month following the month for which these were deducted. While part of the PhilHealth
and the remaining accounts represents balances of funds received by the LGU for specific
purposes. During the immediately succeeding month i.e January 2025, the following
remittances were made:
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