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                                          Province of Negros Oriental
                                           Municipality of Sibulan
                                 Statement of Changes in Net Assets/Equity
                                    For the Year Ended December 31, 2024
                                   (With Comparative Figures for CY 2023)


                                                            Note           2024                 2023

Balance, January 1                                                 ₱   695,670,052.72   ₱   630,789,074.25
Add (Deduct)
    Change in Accounting Policy                                                               1,650,762.12
    Prior Period Errors                                                 (2,867,239.15)       (5,192,656.78)
        Restated Balance                                           ₱   692,802,813.57 ₱     627,247,179.59
Add (Deduct) Changes in Net Assets/Equity during the year
Adjustments recognized directly in Net Assets/Equity        27           1,297,793.73         4,478,150.93
Surplus (Deficit) for the period                                        50,943,590.16        63,944,722.20
Total reconized revenue and expenses for the period                ₱    52,241,383.89   ₱    68,422,873.13
Balance, December 31                                               ₱   745,044,197.46   ₱   695,670,052.72




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