Note 5 – Investments
This account consists of the following:
Non-Current: 2024 2023
Guaranty Deposits ₱ 90,549.68 ₱ 90,549.68
The account Guaranty Deposits is a guarantee deposit to the DAR Regional Office as
cash bond equivalent to 2.5% of the zonal value of the land being applied for land
conversion, forest bond deposits for the application of Special Land Use Permit, and deposits
on containers.
Note 6 – Receivables
This account consists of the following:
Current:
Loans and Receivable Accounts
Accounts Receivable ₱ 3,542.61 ₱ 0.40
Real Property Tax Receivable 53,232,192.80 51,968,031.30
Special Education Tax Receivable 53,232,192.80 51,968,031.30
Interest Receivable 101,468.11 94,002.75
₱106,569,396.32 ₱ 104,030,065.75
Intra-Agency Receivables
Due from Other Funds ₱ 6,442,369.50 ₱ 4,394,129.20
Elimination of Reciprocal Accounts 0.00 (4,390,062.73)
₱ 6,442,369.50 ₱ 4,066.47
Advances
Advances for Special Disbursing
Officer ₱ 4,014,000.01 ₱ 4,014,000.00
Advances to Officers and Employees 21,061.00 49,538.00
Due from Officers and Employees 0.01 0.01
₱ 4,035,061.02 ₱ 4,063,538.01
Other Receivables
Receivables–Disallowances/Charges ₱ 1,904,585.92 ₱ 1,955,041.93
Due from NGOs/POs 0.00 195,000.00
₱ 1,904,585.92 ₱ 2,150,041.93
Total Current Receivables ₱ 118,951,412.76 ₱ 110,247,712.16
Non-Current:
Loans and Receivable Accounts
Accounts Receivable ₱ 112.04 ₱ 111.64
Real Property Tax Receivable 151,758,168.42 119,238,034.11
Special Education Tax Receivable 154,694,254.84 122,125,730.48
Loans Receivable – Others 1,497,312.00 1,512,910.50
₱307,949,847.30 ₱ 242,876,786.73
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