2024 2023
Other Maintenance and Operating Expenses 56,129,700.93 32,641,436.91
Total Other Maintenance and Operating 56,140,141.17 32,841,436.91
Expenses
Total Maintenance and Other Operating ₱ 78,475,108.06 ₱ 56,523,339.24
Expenses
Note 21. Financial Expenses
Interest Expenses ₱ 1,072,430.05 ₱ 964,712.20
Other Financial Charges - 170,489.01
Total Financial Expenses ₱ 1,072,430.05 ₱ 1,135,201.21
Note 22. Non – Cash Expenses
This account is composed of the following:
Depreciation -
Land Improvements ₱ (692,806.56) ₱ 49,602.17
Infrastructure Assets 19,675,443.74 14,143,075.71
Building and Other 1,458,388.80
(3,233,651.03)
Structures
Machinery and Equipment 2,712,775.91 2,665,874.29
Transportation Equipment 1,229,617.73 930,221.45
Furniture, Fixtures, and 76,048.61
95,731.43
Books
Loss on Initial Recognition of Biological Assets - 95,976.00
Total Non – Cash Expenses ₱ 19,787,111.22 ₱ 19,419,187.03
Note 23. Transfers, Assistance, and Subsidy From
This account is composed of the following:
Subsidy from National Government ₱ 23,404,911.42 ₱ 8,222,954.00
Subsidy from Local Government Units 249,135.00 199,961.00
Subsidy from Other Funds 5,443,277.06 -
Total Transfers, Assistance, and Subsidy from ₱ 29,097,323.48 ₱ 8,422,915.00
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