Medical, Dental - This account is used to recognize the cost of medical, dental and
and Laboratory laboratory supplies purchased/received for government operations.
Supplies Inventory
Agricultural and - This account is used to recognize the cost of fertilizers, pesticides
Marine Supplies and other marine and agricultural supplies for use in government
Inventory operations. This includes supplies for aquaculture researches,
environment protection/preservations and the like.
Other Supplies and - This account is used to recognize the cost of purchased/acquired
Materials Inventory supplies and materials not falling under any of the specific
inventory accounts held for consumption.
Note 8. Prepayments and Deferred Charges
This account is composed of the following:
2024 2023
Prepayments
Advances to Contractors ₱ 1,101,234.10 ₱ 0.00
Total Prepayments and Deferred Charges ₱ 1,101,234.10 ₱ 0.00
Note 9. Property, Plant and Equipment (PPE), Net
This account is composed of the following:
Land ₱ 27,315,417.33 ₱ 27,315,417.33
Land Improvements
Other Land Improvements 3,818,303.60 3,818,303.60
Accumulated Depreciation – Other Land
(2,051,582.95) (1,952,117.60)
Improvements
Total Land Improvements, Net 1,766,720.65 1,866,186.00
Infrastructure Assets
Road Networks 129,300,006.52 97,899,920.72
Accumulated Depreciation – Road Networks (35,601,553.54) (25,849,044.66)
Flood Control Systems 46,218,941.30 24,501,015.52
Accumulated Depreciation – Flood Control
(7,675,875.16) (3,993,687.68)
Systems
Water Supply Systems 4,075,342.94 4,075,342.94
Accumulated Depreciation – Water Supply
(1,288,854.64) (1,004,293.24)
Systems
Power Supply Systems 375,000.00 279,000.00
Accumulated Depreciation – Power Supply
(150,266.25) (119,533.75)
Systems
23
