Financial Highlights
A comparative analysis of the Statement of Financial Position, as illustrated below, reveals
increases in assets, liabilities, and equity:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Statement of Financial Position
Assets 2,086,866,442.21 1,805,280,070.09 281,586,372.12
Liabilities 1,104,312,596.05 866,179,506.07 238,133,089.98
Government Equity 982,553,846.16 939,100,564.02 43,453,282.14
Likewise, the Statement of Financial Performance reflects increases in revenue and surplus,
as well as increases in expenses, as shown below:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Results of Operations
Revenue 325,442,428.16 290,859,211.16 34,583,217.00
Personnel Services 93,008,022.38 88,601,044.24 4,406,978.14
Maintenance and Other 152,225,219.98 138,264,788.71 13,960,431.27
Operating Expenses
Financial Expenses 32,383,496.06 30,188,638.12 2,194,857.94
Non-cash Expenses 1,796,150.66 299,011.28 1,497,139.38
Net Financial Assistance/ (4,557,978.90) (4,662,833.00) 104,854.10
Subsidy
Net Surplus (Deficit) 41,471,560.18 28,842,895.81 12,628,664.37
The following table illustrates a decrease in the final budget or appropriations and an increase
actual amounts or obligations during the year:
2024 2023 Increase
Particulars
(in ₱) (in ₱) (Decrease)
Final Budget 572,619,441.48 595,027,138.05 (22,407,696.57)
Actual Amounts 389,398,286.62 346,500,559.04 42,897,727.58
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