Republic of the Philippines

Bicol State College of Applied Sciences and Technology

City of Naga

Notes to Financial Statements

For the Year Ended December 31, 2018
(With Comparative Figures for CY 2017)

1. General Information/Agency Profile

The Financial Statements of Bicol State College of Applied Sciences and Technology
were authorized for issue on February 13, 2018 as shown in the Statement of
Management’s Responsibility for Financial Statements signed by Richard H. Cordial,
President.

In 1911, the Bicol State College of Applied Sciences and Technology (BISCAST)
started as the Camarines Sur Trade School (CSTS). By virtue of House Bill No. 2919
(RA No. 825), the school was nationalized and renamed Camarines Sur National
School of Arts and Trades (CSNSAT).

Upon its conversion to a full-pledged college by virtue of RA No. 5056 on June 17,
1967, the CSNSAT was converted into a College and renamed as Bicol College of Arts
and Trades (BCAT) and was authorized to offer courses like Bachelor of Science in
Industrial Education (BSIE). It was known as Camarines Sur National College of Arts
and Trades (CSNCAT) until in the mid 1980’s when it adapted its name BCAT.

In December 2000, pursuant to Republic Act No. 8760, on the integration of CHED
Supervised Institution (CSI’s) to State Universities and College (SUC’s), the Bicol
College of Arts and Trades was integrated to the Camarines Sur Polytechnic Colleges
(CSPC) in Nabua, Camarines Sur. For more than 11 years, it existed as the CSPC Naga
Campus

On October 19, 2012, Pres. Benigno Aquino III signed RA No. 10231 formally
separating the school from CSPC and renaming it the Bicol State College of Applied
Sciences and Technology (BISCAST). With its impressive new moniker, the institution
is given its new mandate:

To primarily provide advanced education, higher technological, professional and

vocational instruction and training in the sciences, arts, education, entrepreneurship,
engineering and other related courses. It shall also undertake research and extension
services and provide progressive leadership in its areas of specification.

The Bicol State College of Applied Sciences and Technology offers graduate program
in Master of Arts in Teaching (MAT); Master of Arts in Engineering Technology

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 (MET); Bachelor Degree Programs in Elementary Education (BEEd), Secondary
Education (BSEd), Technical Technology Education (BTTE), Industrial Technology
(BSIT),Architecture (BSA), Electrical Engineering (BSEE), Electronics and
Communications Engineering (BSECE), and Mechanical Engineering (BSME); and
Non-Degree (3-year Diploma and 2-year Certificate) Courses in Technology, the 2-
year Diploma of Technology in Non-Traditional Course (NT) and the Laboratory High
School.

Effective Academic Year 2015-2016, the College has two (2) new offerings, the
Bachelor of Physical Education major in Sports and Wellness Management and
Bachelor of Science in Entertainment and Multi-Media Computing.

2. Statement of Compliance and Basis of Financial Statements Presentation

The Financial Statements have been prepared in accordance with and comply with the
Philippine Public Sector Accounting Standards (PPSAS) issued by the Commission on
Audit per COA Resolution No.2014-003 dated January 24, 2014.

The financial statements of the Agency have been prepared on the basis of historical
cost using the Philippine Peso, the country’s functional and presentation currency.

3. Summary of Significant Accounting Policies

3.1 Basis of Accounting

The Agency uses the modified accrual basis of accounting which means that all
expenses are recognized when incurred and reported in the financial statements in
the period to which they relate, except for those circumstances where accrual is
impracticable.

3.2 Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and cash in bank.

3.3 Inventories

Inventory is measured at cost upon initial recognition. The method of valuation of

these inventories is through specific identification.

3.4 Budget Preparation

The annual Budget is prepared on a cash basis and is published in the government
website.

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 A Separate Statement of Comparison of Budget and Actual Amounts (SCBAA)
was prepared since the budget and the financial statements were not prepared on
comparable basis. SCBAA was presented showing the original and final budget and
the actual amount on comparable basis to the budget.

4. Changes in Accounting Policies

Bicol State College of Applied Sciences and Technology adopted the PSAS No.1 to 25.
This accounting changed had no significant impact on Bicol State College of Applied
Sciences and Technology’s financial statements.

5. Cash and Cash Equivalents

Accounts 2018 2017

Petty Cash Fund ₱37,214.75 ₱ 22,564.85
Cash in Bank-Local Currency, Current Account ₱79,799,292.50 110,202,115.94
Cash-Treasury/Agency Deposit, Regular - 0.00
Total Cash and Cash Equivalents ₱ 79,836,507.25 ₱ 110,224,680.79

Cash in Bank-Local Currency, Current Account (STF) consists of collection of tuition

and other fees from students including fiduciary fees.

6. Receivables

CY 2018
Accounts
Current Non-Current Total
Accounts Receivable ₱22,345,700.00 ₱23,619,656.62 ₱45,965,356.62
Allowance for Impairment – AR (918,700.00) - (918,700.00)
Net Value – Accounts Receivable ₱21,426,917.48 ₱23,619,656.62 ₱45,046,574.10
Loans Receivable – Others ₱470,380.59 ₱593,925.00 ₱1,064,305.59
Due from NGAs 5,667,483.88 45,084.32 5,712,568.20
Due From Other Funds 4,564,062.68 - 4,564,062.68
Receivables-Disallowances/Charges 45,125.00 2,382,641.74 2,427,766.74
Due from Officers and Employees 7,709.37 - 7,709.37
Other Receivables 1,538,938.61 - 1,538,938.61
Totals ₱ ₱ ₱

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 CY 2017
Accounts
Current Non-Current Total
Accounts Receivable ₱16,199,183.61 ₱1,577,580.51 ₱17,776,764.12
Allowance for Impairment – AR (355,010.67) 0.00 (355,010.67)
Net Value – Accounts Receivable ₱15,844,172.94 ₱1,577,580.51 ₱17,421,753.45
Loans Receivable – Others ₱ 466,302.97 ₱ 593,925.00 ₱ 1,060,227.97
Due from NGAs 5,601,214.00 45,084.32 5,646,298.32
Due From Other Funds 4,358,044.31 0.00 4,358,044.31
Receivables-Disallowances/Charges 71,000.00 2,317,641.74 2,388,641.74
Due from Officers and Employees 7,137.37 0.00 7,137.37
Other Receivables 1,547,364.00 0.00 1,547,364.00
Totals ₱27,895,235.59 ₱4,534,231.57 ₱32,429,467.16

Accounts Receivable consists of tuition & other fees collectible from students for SY
2017-2018 and previous years.
Loans Receivable-Others represents loans granted thru Provident Assistance Program
for Employees (PAPE) loans.

7. Inventories

Accounts 2018 2017

Inventory Held for Sale
Merchandise Inventory ₱18,493.18 ₱ 18,493.18
Inventory Held for Distribution
Other Materials and Supplies for Distribution ₱ 462,075.00 ₱ 241,906.00
Inventory Held for Consumption
Office Supplies Inventory 4,397,535.36 3,458,914.70
Accountable Forms, Plates, and Stickers Inventory 346,407.75 312,707.75
Drugs and Medicines Inventory 32,906.05 108,861.05
Medical, Dental and Laboratory Supplies Inventory 202,449.41 201,614.37
Fuel, Oil and Lubricants Inventory 248,745.58 100,018.25
Textbooks and Instructional Materials Inventory 338,357.25 338,444.13
Construction Materials Inventory 1,004,307.05 1,061,163.57
Other Supplies and Materials Inventory 9,409,422.34 8,968,727.65
Semi-Expendable Machinery and Equipment
Semi-Expendable Office Equipment 2,064,380.32 269,533.40
Semi-Expendable Info. & Com. Tech. Equipment 3,567,763.69 1,945,670.45
Semi-Expendable Communications Equipment 82,715.00 12,000.00
Semi-Expendable Disaster Resp. & Rescue Equip’t 367,174.00 25,776.00
Semi-Expendable Medical Equipment 131,450.00 42,300.00
Semi-Expendable Sports Equipment 24,764.00 -
Semi-Expendable Technical and Scientific Equip’t 314,327.12 105,124.00
Semi-Expendable Other Machinery and Equipment 2,781,711.01 1,101,021.65
Semi-Expendable Furniture, Fixtures and Books
Semi-Expendable Furniture and Fixtures 5,066,482.05 3,050,013.86
Semi-Expendable Books 4,310,435.69 2,647,659.96
Total Inventories ₱ 25,794,984.11 ₱ 24,009,949.97

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 Inventory consists of consumables, tools and instruments for instructional use. Supplies
already consumed were not dropped from the books due to the non-submission of
periodic materials issuance report from the Supply Office.
8. Property, Plant and Equipment

Buildings
Land Machinery and Transportation
Land and Other
Improvement Equipment Equipment
Structures
Carrying Amount,
₱13,000,000.00 ₱ 2,265,255.54 ₱ 75,999,626.78 ₱ 45,088,514.85 ₱ 733,577.13
January 1, 2017
Additions/Acquisitions 0.00 0.00 21,981,643.96 18,056,419.92 8,576,480.00
Total 13,000,000.00 2,265,255.54 97,981,270.74 63,144,934.77 9,310,057.13
Disposals
Depreciation (As per
Statement of
0.00 (361,776.11) (3,674,451.79) (5,058,801.86) (281,015.44)
Financial
Performance)
Carrying Amount,
December 31, 2017
₱13,000,000.00 ₱ 1,903,479.43 ₱ 94,306,818.95 ₱ 58,086,132.91 ₱ 9,029,041.69
(As per Statement of
Financial Position)
Gross Cost (Asset
Account Balance per
₱13,000,000.00 ₱ 5,276,695.73 ₱128,872,977.42 ₱ 89,360,260.50 ₱12,281,180.00
Statement of Financial
Position)
Less: Accumulated
0.00 (3,373,216.30) (34,566,158.47) (31,274,127.59) (3,252,138.31)
Depreciation
Carrying Amount,
December 31, 2017
₱13,000,000.00 ₱ 1,903,479.43 ₱ 94,306,818.95 ₱ 58,086,132.91 ₱ 9,029,041.69
(As per Statement of
Financial Position)

Other Property,
Furniture, Fixtures Construction in
Plant and TOTAL
and Books Progress
Equipment
Carrying Amount,
₱ 4,631,858.43 ₱ 121,939.25 ₱ 29,342,276.66 ₱ 171,183,048.64
January 1, 2017
Additions/Acquisitions 188,119.31 445,600.00 24,528,161.72 73,776,424.91
Total 4,819,977.74 567,539.25 ₱ 53,870,438.38 244,959,473.55
Disposals 0.00 0.00 0.00 0.00
Depreciation (As per
Statement of
(208,382.22) (161,737.84) 0.00 (9,746,165.26)
Financial
Performance)
Carrying Amount,
December 31, 2017
₱ 4,611,595.52 ₱ 405,801.41 ₱ 53,870,438.38 ₱ 235,213,308.29
(As per Statement of
Financial Position)
Gross Cost (Asset
Account Balance per
₱ 12,935,211.02 ₱ 2,513,062.47 ₱ 53,870,438.38 ₱ 318,109,825.52
Statement of Financial
Position)
Less: Accumulated
(8,323,615.50) (2,107,261.06) 0.00 (82,896,517.23)
Depreciation
Carrying Amount,
December 31, 2017
₱ 4,611,595.52 ₱ 405,801.41 ₱ 53,870,438.38 ₱ 235,213,308.29
(As per Statement of
Financial Position)

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 Land area of the Bicol State College of Applied Sciences and Technology is about two-
and-a-half hectares.

8. Property, Plant and Equipment

Buildings Machinery
Transportation
Particulars Land Land Improvement and Other and
Equipment
Structures Equipment
Carrying Amount,
₱13,000,000.00 ₱ 1,903,479.43 ₱ 94,306,818.95 ₱ 58,086,132.91 ₱ 167,296,431.29
January 1, 2018
Additions/Acquisitions 0.00 0.00 50,516,119.87 11,706,582.80 62,222,702.61
Total 13,000,000.00 ₱ 1,903,479.43 ₱ 94,306,818.95 ₱ 58,086,132.91 ₱167,296,431.29
Disposals
Depreciation (As per
Statement of
0.00 (408,537.58) (4,289,762.60) (7,195,786.95) (11,894,087.13)
Financial
Performance)
Carrying Amount,
December 31, 2018
₱13,000,000.00 ₱ 1,494,941.85 ₱ 140,533,176.16 ₱ 61,588,111.85 ₱ 216,616,229.86
(As per Statement of
Financial Position)
Gross Cost (Asset
Account Balance per
₱13,000,000.00 ₱ 5,276,695.73 ₱179,389,097.23 ₱ 96,023,849.92 ₱293,689,642.88
Statement of Financial
Position)
Less: Accumulated
0.00 (3,781,753.88) (38,855,921.07) (34,435,738.07) (77,073,413.02)
Depreciation
Carrying Amount,
December 31, 2018
₱13,000,000.00 ₱ 1,494,941.85 ₱ 140,533,176.16 ₱ 61,588,111,.85 ₱ 216,616,229.86
(As per Statement of
Financial Position)

Transportation Furniture, Other Property,

Construction in
Particulars Equipment Fixtures and Plant and TOTAL
Progress
Books Equipment
Carrying Amount, ₱9,029,041.69
₱4,611,595.52 ₱ 405,801.41 ₱ 53,870,438.38 ₱67,916,877.00
January 1, 2018
Additions/Acquisitions - 5,726,032.62 21,073.00 39,607,773.99 45,354,879.61
Total ₱9,029,041.69 ₱10,337,628.14 ₱426,874.41 ₱ 93,478,212.37 ₱113,271,756.61
Disposals - 3,155.68 35,513.32 (50,519,759.80) (50,481,090.80)
Depreciation (As per
Statement of
(1,064,903.91) (731,460.98) (192,871.26) - (1,989,236.15)
Financial
Performance)
Carrying Amount,
December 31,
2018 (As per ₱7,964,137.78
₱9,609,322.84 ₱269,516.47 ₱42,958,452.57 ₱60,801,429.66
Statement of
Financial
Position)
Gross Cost (Asset
Account Balance ₱12,281,180.0 ₱16,417,992.8
₱2,134,434.92 ₱ 42,958,452.57 ₱73,792,060.30
per Statement of 0 1
Financial Position)
Less: Accumulated (4,317,042.22)
(6,808,669.97) (1,864,918.45) - (12,990,630.64)
Depreciation
Carrying Amount,
December 31,
₱9,609,322.84 ₱269,516.47 ₱42,958,452.57 ₱60,801,429.66
2017 (As per
₱ 7,964,137.78
Statement of

15
 Financial
Position)

Land area of the Bicol State College of Applied Sciences and Technology is about two-
and-a-half hectares.

Land Improvements consist of the amount utilized for improvement of main gate and
perimeter fence and walk cover.

Buildings consist of all the Office and School Buildings and Structures used by the
Institution for administrative purposes. School Buildings consist of all buildings and
structures for academic purpose.

9. Intangible Assets

2018
Particulars Other Intangible
Computer Software Assets Total
Carrying Amount, Jan 1, 2018 738,363.25 738,363.25
Addition-Purchased 3,409,980.00 645,000.00 4,054,980.25
Total 4,148,343.25 645,000.00 4,793,343.25
Impairment Loss (161,988.60) (58,050.00) (220,038.60)
Totals 3,986,354.65 586,950.00 4,573,304.65

10. Other Assets

Current and Non-Current Other Assets

CY 2018
Accounts
Current Non-Current Total
Advances for Operating Expenses
Advances ₱379,844.65 - ₱379,844,.65
Advances for Payroll - -
Advances to Special Disbursing Officers - - -
Advances to Officers and Employees
Advances to Contractors ₱5,140,293.02 - ₱5,140,293.02
Prepaid Insurance - - -
Other Prepayments ₱1,654,105.52 - ₱1,654,105.52
Other Assets - 1,294,823.58 8,469,066.77
Accum. Impairment Loss – Other Assets - - -
Totals ₱ ₱ ₱

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 CY 2017
Accounts
Current Non-Current Total
Advances for Operating Expenses ₱ 63.80 ₱ 0.00 ₱ 63.80
Advances for Payroll 108,442.97 0.00 108,442.97
Advances to Special Disbursing Officers 17,000.00 0.00 17,000.00
Advances to Officers and Employees 141,855.71 0.00 141,855.71
Advances to Contractors 4,412,162.11 0.00 4,412,162.11
Prepaid Insurance 292,882.31 0.00 292,882.31
Other Prepayments 1,166,408.43 0.00 1,166,408.43
Other Assets 0.00 1,584,889.53 1,584,889.53
Accum. Impairment Loss – Other Assets 0.00 (290,065.95) (290,065.95)
Totals ₱6,138,815.33 ₱1,294,823.58 ₱7,433,638.91

11. Financial Liabilities

Payables

Particulars 2018 2017

Accounts Payable ₱ 19,395,038.75 ₱ 11,946,626.01
Due to Officers and Employees ₱3,153,388.82 ₱ 2,772,166.84
Total Payables ₱22,548,427.57 ₱ 14,718,792.85
12. Inter-Agency Payables

Particulars 2018 2017

Due to BIR ₱ 3,376,383.44 ₱ 4,108,026.74
Due to GSIS ₱1,144,818.77 1,045,012.68
Due to Pag-IBIG ₱624,506.67 567,365.46
Due to PhilHealth ₱30,118.55 29,231.25
Due to NGAs ₱2,875,222.61 686,402.61
Due to GOCCs ₱35,640.00 -
Due to BTr - 0.00
Total Inter-Agency Payables ₱8,086,690.04 ₱ 6,436,038.74

13. Intra-Agency Payables

Particulars 2018 2017

Due to Bureau of Treasury ₱ 250.00 ₱ 250.00
Due to Other Funds ₱9,774,736.72 9,474,495.48
Total Intra-Agency Payables ₱9,774,986.72 ₱9,474,745.48

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14. Trust Liabilities

Particulars 2018 2017

Guaranty/Security Deposits Payable ₱3,236,149.21 ₱6,867,819.72
Customers’ Deposits Payable ₱139,830.00 ₱139,830.00
Total Trust Liabilities ₱3,375,979.21 ₱7,007,649.72

15. Deferred Credits/Unearned Income

Particulars 2018 2017

Other Deferred Credits ₱10,233,075.00 ₱ 7,747,350.00
Total Deferred Credits/Unearned Income ₱10,233,075.00 ₱ 7,747,350.00

16. Other Payables

Particulars 2018 2017

Other Payables ₱20,809,794.06 ₱ 20,067,383.61
Total Other Payables ₱20,809,794.06 ₱ 13,550,342.50

Accounts Payable includes valid and demandable obligations of the agency due their
suppliers and contractors.

Due to Bureau of Treasury and Due to BIR are amounts due for remittance to the
National Treasury, and withholding taxes for remittance to the BIR, respectively.

Due to GSIS/Pag-IBIG/PhilHealth represent amounts due for remittance to GSIS, Pag-

IBIG, and PhilHealth, respectively.

Guaranty/Security Deposits Payable account represents the 10% retention deducted

from contractors. The amount represents warranty of contractors and/or the release of
such pending submission of the required Warranty Certificate from suppliers and
contractors.

17. Service and Business Income

Particulars 2018 2017

Service Income 3,098,822.50 3,902,848.50
Clearance and Certification Fees 159,695.00 170,550.00
Verifications and Authentication Fees 123,450.00 88,275.00
Other Service Income 2,815,677.50 3,644,013.50
Business Income 51,912,852.93 61,738,502.53
School Fees 50,487,465.25 57,993,402.06
Rent Income 525,664.20 1,874,895.71
Income from Hostels/Dormitories and
109,012.50 144,465.00
Other Like Facilities
Interest Income - 47,483.38

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 Particulars 2018 2017
Other Business Income 553,055.00 718,199.92
Miscellaneous Income 237,656.98 960,056.46
Total Service and Business Income ₱55,011,675.43 ₱ 65,641,351.03

18. Personal Services

18.1 Salaries and Wages

Particulars 2018 2017

Salaries and Wages-Regular ₱53,730,263.80 ₱ 49,205,203.24
Salaries and Wages-Casual 284,686.74 156,021.04
Total Salaries and Wages ₱54,014,950.54 ₱ 49,361,224.28

18.2 Other Compensation

Particulars 2017
Personnel Economic Relief Allowance (PERA) ₱3,423,952.19 ₱ 3,225,935.38
Representation Allowance (RA) 108,000.00 108,000.00
Transportation Allowance (TA) 108,000.00 108,000.00
Clothing/Uniform Allowance 774,000.00 590,700.00
Subsistence Allowance 41,200.00 41,700.00
Laundry Allowance 7,200.00 6,600.00
Honoraria 5,722,330.36 4,616,995.36
Hazard Pay 299,088.13 304,749.24
Longevity Pay 105,000.00 80,000.00
Overtime and Night Pay 76,031.21 196,925.07
Year-End Bonus 4,680,309.00 4,088,305.35
Cash Gift 740,000.00 681,500.00
Other Bonuses and Allowances 4,395,000.00 4,221,500.00
Total Other Compensation ₱20,480,111.19 ₱18,270,910.40

18.3 Personnel Benefit Contributions

Particulars 2018 2017

Retirement and Life Insurance Premiums ₱6,480,686.57 ₱ 5,838,186.60
Pag-IBIG Fund Contributions 158,100.00 163,200.00
PhilHealth Contributions 656,135.66 527,275.00
Employees Compensation and Insurance Premiums 183,599.24 158,700.00
Provident/Welfare Fund Contributions 61,150.00 48,050.00
Total Personnel Benefit Contributions ₱7,539,671.47 ₱ 6,735,411.60

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 18.4 Other Personnel benefits

Particulars 2018 2017

Terminal Leave Benefits ₱305,494.11 ₱ 1,393,485.29
Other Personnel Benefits 5,854,516.73 5,056,993.48
Total Other Personnel Benefits ₱6,160,010.84 ₱ 6,450,478.77

19. Maintenance and Other Operating Expenses

19.1 Travelling Expenses

Particulars 2018 2017

Travelling Expenses-Local ₱2,898,496.04 ₱ 2,177,583.39
Travelling Expenses-Foreign 141,260.75 363,537.35
Total Travelling Expenses ₱3,039,756.79 ₱ 2,541,120.74

19.2 Training and Scholarship Expenses

Particulars 2018 2017

Training Expenses ₱907,370.00 ₱ 882,464.60
Scholarship Grants/Expenses 1,147,595.00 21,759,336.77
Total Training and Scholarship Expenses ₱2,054,965.00 ₱ 22,641,801.37

19.3 Supplies and Materials Expenses

Particulars 2018 2017

Office Supplies Expenses ₱1,544,695,.87 ₱ 837,830.04
Accountable Forms Expenses 44,370.00 42,000.00
Drugs and Medicines Expenses 95,695.00 358,066.00
Medical, Dental and Laboratory Supplies Expenses 34,991.15 70,532.20
Fuel, Oil and Lubricants Expenses 239,129.79 176,308.78
Textbooks Instructional Materials Expenses 208,911.13 -
Semi-Expendable Machinery and Equipment
731,201.17 -
Expenses
Semi-Expendable Furniture, Fixtures and Books
277,213.00 -
Expenses
Other Supplies and Materials Expenses 3,247,905.70 2,872,512.04
Total Supplies and Materials Expense ₱6,424,112.81 ₱ 4,357,249.06

19.4 Utility Expenses

Particulars 2018 2017

Water Expenses ₱728,383.82 ₱ 753,070.85
Electricity Expenses 1,872,552.97 1,986,856.95
Total Utility Expenses ₱2,600,936.79 ₱ 2,739,927.80

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19.5 Communication Expenses

Particulars 2018 2017

Postage and Courier Expenses 11,151.00 -
Telephone Expenses ₱140,441.09 ₱ 109,839.48
Internet Subscription Expenses 390,963.22 369,888.85
Total Communication Expenses ₱542,555.31 ₱ 479,728.33

19.6 Survey, Research, Exploration, and Development Expenses

Particulars 2018 2017

Research, Exploration, and Development Expenses
₱485,660.00 ₱ 170,000.00
Awards/Rewards Expenses
Total ₱485,660.00 ₱ 170,000.00

19.7 Confidential, Intelligence and Extraordinary Expenses

Particulars 2018 2017

Extraordinary and Miscellaneous Expenses ₱172,913.08 ₱ 108,000.00
Total ₱172,913.08 ₱ 108,000.00

19.8 Professional Services

Particulars 2018 2017

Legal Services ₱180,000.00 ₱ 408,000.00
Auditing Services 94,927.00 40,804.00
Consultancy Services 544,800.00 121,382.50
Other Professional Services 5,522,481.74 7,373,538.99
Total Professional Services ₱6,342,208.74 ₱ 7,943,725.49

19.9 General Services

Particulars 2018 2017

Janitorial Services ₱2,048,083.58 ₱ 1,006,188.09
Security Services 997,202.15 1,305,028.64
Other General Services 4,776,271.30 4,174,955.56
Total General Services ₱7,821,557.03 ₱ 6,486,172.29

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19.10 Repairs and Maintenance

Particulars 2018 2017

Repairs and Maintenance-Buildings and Other
₱520,477.11 ₱ 306,017.70
Structures
Repairs and Maintenance-Machinery and Equipment 95,600.00 139,401.00
Repairs and Maintenance-Transportation Equipment 183,513.64 339,004.60
Repairs and Maintenance-Other Property, Plant and
10,000.00 201,394.00
Equipment
Total Repairs and Maintenance Expenses ₱809,590.75 ₱ 985,817.30

19.11 Taxes, Insurance Premiums and Other Fees

Particulars 2018 2017

Taxes, Duties and Licenses ₱128,425.17 ₱ 319,299.36
Fidelity Bond Premiums 56,625.00 73,500.00
Insurance Premiums 565,390.63 600,701.56
Total Taxes, Insurance Premiums and Other Fees ₱750,440.80 ₱ 993,500.92

19.12 Labor and Wages

Particulars 2018 2017

Labor and Wages ₱420,644.26 ₱212,777.50
Total Labor and Wages ₱420,644.26 ₱212,777.50

19.13 Other Maintenance and Operating Expenses

Particulars 2018 2017

Advertising Expenses - ₱ 9,688.00
Printing and Publication Expenses 103,440.50 26,710.20
Representation Expenses 807,562.11 2,116,358.64
Transportation and Delivery Expense 374,689.00 38,614.80
Membership Dues and Contributions to
791,027.33 165,795.42
Organizations
Subscription Expenses 236,941.00 70,308.00
Other Maintenance and Operating Expenses 5,752,625.23 6,263,208.90
Total Other MOOE ₱8,066,285.17 ₱ 8,690,683.96

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20. Non-Cash Expenses

20.1 Depreciation

Particulars 2018 2017

Depreciation-Other Land Improvement 408,537.58 ₱ 361,776.11
Depreciation-Buildings and Other Structures 4,289,537.58 3,674,451.79
Depreciation-Machinery and Equipment 7,195,786.95 5,058,801.86
Depreciation-Transportation Equipment 1,064,903.91 281,015.44
Depreciation-Furniture, Fixtures and Books 731,460.98 208,382.22
Depreciation-Other Property, Plant and Equipment 192,871.26 161,737.84
Total Depreciation ₱13,883,323.28 ₱ 9,746,165.26

20.2 Impairment Loss

Particulars 2018 2017

Impairment Loss-Loans and Receivables ₱563,771.85 ₱ 66,218.35
Impairment Loss-Intangible Assets 58,050.00 34,086.75
Impairment Loss-Computer Software 161,988.60 -
Total Impairment Loss ₱783,810.45 ₱ 100,305.10

21. Financial Assistance/Subsidy

Financial Assistance/Subsidy from NGAs

Particulars 2018 2017

Subsidy from National Government Agency ₱127,259,775.66 ₱143,533,617.18
Net Financial Assistance/Subsidy ₱127,259,775.66 ₱143,533,617.18

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