Note 7. Prepayments and Deferred Charges
This account is composed of the following:
2024 2023
Prepayments
Advances to Contractors ₱ 373,434.01 ₱ 1,153,874.79
Prepaid Insurance 42,971.64 15,060.48
Total Prepayments and Deferred Charges ₱ 416,405.65 ₱ 1,168,935.27
Note 8. Property, Plant, and Equipment (PPE), Net
This account is composed of the following:
Land ₱ 25,052,196.56 ₱ 21,179,821.56
Total Land Improvements, Net 25,052,196.56 21,179,821.56
Land Improvements
Other Land Improvements 7,930,024.64 3,335,058.35
Accumulated Depreciation – Other Land (1,852,127.53) (2,544,934.09)
Improvement
Total Land Improvements, Net 6,077,897.11 790,124.26
Infrastructure Assets
Road Networks 60,454,994.34 60,454,994.34
Accumulated Depreciation – Road Networks (21,719,123.09) (6,922,108.50)
Flood Control Systems 15,464,956.66 12,469,100.32
Accumulated Depreciation – Flood Control (1,821,068.46) (1,287,154.30)
Systems
Water Supply Systems 32,805,325.58 26,880,339.30
Accumulated Depreciation – Water Supply (11,199,423.78) (7,111,492.55)
Systems
Power Supply Systems 3,898,697.38 3,898,697.38
Accumulated Depreciation – Power Supply (1,467,760.30) (1,220,842.79)
Systems
Parks, Plazas and Monuments 10,829,058.53 10,829,058.53
Accumulated Depreciation – Parks, Plazas
and Monuments (10,287,605.60) (10,287,605.59)
Other Infrastructure Assets 101,750.00 101,750.00
Accumulated Depreciation – Other
Infrastructure (33,026.35) (23,360.10)
Assets
Total Infrastructure Assets, Net 77,026,774.91 87,781,376.04
Buildings and Other Structures
Buildings 24,709,876.75 12,971,072.51
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