22. Financial Expenses
This account consists of the following:
2024 2023
Interest Expenses ₱ 4,838,125.90 ₱ 0.00
Bank Charges 13,020.00 11,400.00
Other Financial Charges 265,081.50 454,692.00
Total ₱ 5,116,227.40 ₱ 466,092.00
23. Non-Cash Expenses
This account consists of the following:
Depreciation – Machinery and
₱ 2,277,780.21 ₱ 2,665,805.46
Equipment
Depreciation – Transportation Equipment 4,933,797.07 5,100,711.75
Depreciation – Furniture, Fixtures and
138,144.46 97,084.76
Book
Depreciation – Other Property, Plant and
1,796,751.59 527,853.80
Equipment
Total ₱ 9,146,473.33 ₱ 8,391,455.77
24. Transfers, Assistance and Subsidy From
This account consists of the following:
Subsidy from National Government ₱ 31,186,003.27 ₱ 12,442,800.00
Subsidy from Local Government Units 714,310.00 2,974,485.00
Total ₱ 31,900,313.27 ₱ 15,417,285.00
25. Transfers, Financial Assistance/Subsidy To
This account consists of the following:
Subsidy to Other Local Government
₱ 810,000.00 ₱ 27,000.00
Units
Transfer of Unspent Current Year
3,879,827.93 7,506,317.00
DRRM Funds to the Trust Funds
Total ₱ 4,689,827.93 ₱ 7,533,317.00
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