Note 5. Investments
Current Investments
This account is composed of the following:
2024 2023
Financial Assets -Others
Deposits on Letters of Credit ₱ 1,622.65 ₱ 1,622.65
Total Current Investments ₱ 1,622.65 ₱ 1,622.65
Note 6. Receivables, Net
This account is composed of the following:
Current Receivables, Net
Loans and Receivable Accounts
Accounts Receivable ₱ 0.00 ₱ 4,098.45
Loans Receivable – Others 40,650.00 42,650.00
Inter-Agency Receivables
Due from NGAs 99,770.82 99,770.82
Due from GOCCs 6,228.19 6,228.19
Due from LGUs 826,000.07 1,059,333.34
Intra-Agency Receivables
Due from Other Funds 5,168,977.94 61,286,414.02
Due from Local Economic Enterprise 2,801,908.98 2,985,100.00
Advances
Advances for Operating Expenses 355,171.72 2,031,011.82
Advances for Payroll 907,644.16 912,371.16
Advances to Officers and Employees 521,005.00 500,000.00
Other Receivables
Receivables – Disallowances/Charges 106,900.00 106,900.00
Due from Officers and Employees 142,292.22 165,940.83
Other Receivables 2,077,563.89 1,984,637.80
Total Current Receivables 13,054,112.99 71,184,456.43
Elimination of reciprocal accounts (7,746,400.53) (64,081,099.26)
Total Current Receivables, Net ₱ 5,307,712.46 ₱ 7,103,357.17
Note 7. Inventories
This account is composed of the following:
Inventory Held for Consumption
Office Supplies Inventory ₱ 600,786.93 ₱ 384,225.65
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