Province of Negros Oriental
Municipality of Vallehermoso
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
For the Year Ended December 31, 2024
(With Comparative Figures for CY 2023)
2024 2023
Balance at January 1, 2024 ₱ 407,241,925.49 ₱ 376,633,243.10
Add (Deduct)
Changes in Accounting Policy 0.00 0.00
Prior Period Errors 109,221.96 90,872.72
Restated Balance ₱ 407,351,147.45 ₱ 376,724,115.82
Add (Deduct) Charges in net assets/equity
during the year
Adjustment of net revenue recognized
directly in net assets/equity (9,033,531.01) 0.00
Surplus (Deficit) for the period 26,814,554.58 30,517,809.67
Balance at December 31, 2024 ₱ 425,132,171.02 ₱ 407,241,925.49
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