Note 10. Biological Assets
This account is composed of the following:
2024 2023
Bearer Biological Assets
Breeding Stocks ₱ 657,947.00 ₱ 580,447.00
Total Biological Assets ₱ 657,947.00 ₱ 580,447.00
Note 11. Intangible Assets
This account is composed of the following:
Computer Software ₱ 837,628.00 ₱ 837,628.00
Accumulated Amortization – Computer Software (760,859.50) (760,859.50)
Total Intangible Assets, net ₱ 76,768.50 ₱ 76,768.50
Note 12. Financial Liabilities
Current Financial Liabilities
This account is composed of the following:
Payables
Accounts Payable ₱ 10,439,596.61 ₱ 6,587,995.99
Due to Officers and Employees 118,424.39 2,151,684.07
Total Financial Liabilities ₱ 10,558,021.00 ₱ 8,739,680.06
Trade payables are non-interest bearing and are normally settled upon receipt of the items
purchased and/or services rendered upon completeness of all supporting documents relating to
the procurement.
Note 13. Inter-Agency Payables
This account is composed of the following:
Due to BIR ₱ 0.00 ₱ 20,420.00
Due to GSIS 63,194.80 46,671.13
Due to Pag-IBIG 122,316.33 69,791.19
Due to PhilHealth 259,229.07 6,793.64
Due to NGAs 5,577,165.77 10,656,455.42
Due to LGUs 6,774,623.72 8,567,464.09
Total Inter-Agency Payables ₱ 12,796,529.69 ₱ 19,367,595.47
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