AGRICULTURAL TRAINING INSTITUTE- 13 (Consolidated) Notes ...

AGRICULTURAL TRAINING INSTITUTE- 13

(Consolidated) Notes to Financial Statement

For the Year Ended December 31, 2020

1

1. General Information/Agency Profile

The financial statements of AGRICULTURAL TRAINING INSTITUTE- 13 were authorized

for issue on December 31, 2019 as shown in the Statement of Management Responsibility for

Financial Statements signed by MR. SAMUEL L. CALONZO, Regional Center Director.

Agricultural Training Institute (ATI) was reorganized on January 1987 under the Executive

Order No.116. In this EO, the Bureau of Agricultural Extension (BAEx), the Philippine

Agricultural Training Council (PATC) and the Philippine Training Center for Rural

Development (PTC-RD) were merged and paved the way for the establishment of the

Agricultural Training Institute (ATI).

ATI Regional Training Center XIII is mandated to train Agricultural Extension Workers (AEWs)

and their clientele; conduct multi-level training programs to promote and accelerate rural

development and ensure that research results are communicated to the farmers through

appropriate training and extension activities.

The Agency’s registered office address is located in Barangay 13, Los Angeles, Butuan City.

2. Statement of Compliance and Basis of Preparation of Financial Statements

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 have been prepared on the basis of historical cost, unless stated

otherwise. The Statement of Cash Flows is prepared using the direct method.

3. Summary of Significant Accounting Policies

3.1 Basis of accounting

The financial statements are prepared on an accrual basis in accordance with the Philippine

Public Sector Accounting Standards (PPSAS).

3.2 Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and cash at bank, deposits on call and highly

liquid investments with an original maturity of three months or less, which are readily convertible

to known amounts of cash and are subject to insignificant risk of changes in value. For the

purpose of the consolidated statement of cash flows, cash and cash equivalents consists of cash

and short-term deposits as defined above, net of outstanding bank overdrafts.

3.3. Inventories

Inventory is measured at cost upon initial recognition. To the extent that inventory was received

through non-exchange transactions (for no cost or for a nominal cost), the cost of the inventory

is its fair value at the date of acquisition

Costs incurred in bringing each product to its present location and condition are accounted for,

as follows:

• Raw materials: purchase cost using the weighted average cost method.

PPSAS 1.63(b)

PPSAS 14.26

PPSAS 1.150

PPSAS,

PPSAS 1.129

PPSAS 2

PPSAS 6

PPSAS 1, 6

PPSAS 2.8

PPSAS 2.9

PPSAS 2.56

PPSAS 12.15

PPSAS 12.17(a)

PPSAS 12.16

PPSAS 12.18




2

• Finished goods and work in progress: cost of direct materials and labor and a proportion

of manufacturing overheads based on the normal operating capacity, but excluding

borrowing costs

After initial recognition, inventory is measured at the lower of cost and net realizable value.

However, to the extent that a class of inventory is distributed or deployed at no charge or for a

nominal charge, that class of inventory is measured at the lower of cost and current replacement

cost.

Net realizable value is the estimated selling price in the ordinary course of operations, less the

estimated costs of completion and the estimated costs necessary to make the sale, exchange or

distribution.

Inventories are recognized as an expense when deployed for utilization or consumption in the

ordinary course of operations of the Agricultural Training Institute- 13.

3.4 Property, Plant and Equipment

Recognition

An item is recognized as property, plant, and equipment (PPE) if it meets the characteristics

and recognition criteria as a PPE.

The characteristics of PPE are as follows:

• Tangible items;

• Are held for use in the production or supply of goods or services, for rental to others,

or for administrative purposes; and

• Are expected to be use during more than one reporting period.

An item of PPE is recognized as an asset if:

• It is probable that future economic benefits or service potential associated with the

item will flow to the entity; and

• The cost or fair value of the item can be measured reliably.

Measurement at recognition

An item recognized as property, plant, and equipment is measured at cost.

A PPE acquired through non-exchange transaction is measured at its fair value as at the date

of acquisition.

The cost of the PPE is the cash price equivalent or, for PPE acquired through non-exchange

transaction its cost is its fair value as at recognition date.

Cost includes the following:

• Its purchase price, including import duties and non-refundable purchase taxes, after

deducting trade discounts and rebates;

• Expenditure that is directly attributable to the acquisition of the items; and

• Initial estimate of the cost of dismantling and removing the item and restoring the

site on which it is located, the obligation for which an entity incurs either when the

item is acquired, or as a consequence of having used the item during a particular

period for purposes other than to produce inventories during that period.

PPSAS 12.35

PPSAS 12.20

PPSAS 12.21

PPSAS 12.9

PPSAS 17.13

PPSAS 17.14

PPSAS 17.26

PPSAS 17.27

PPSAS 17.37

PPSAS 17.30




3

Measurement After Recognition

After recognition, all property, plant and equipment are started at cost less Accumulated

depreciation and impairment losses.

When significant parts of property, plant and equipment are required to be replaced at

intervals, the Agricultural Training Institute- 13 recognizes such parts as individual assets

with specific useful lives and depreciates them accordingly. Likewise, when a major

repair/replacement is done, its cost is recognized in the carrying amount of the plant and

equipment as a replacement if the recognition criteria are satisfied.

All other repairs and maintenance costs are recognized as expense in surplus or deficit as

incurred.

Depreciation

Each part of an item of property, plant, and equipment with a cost that is significant in

relation to the total cost of the item is depreciated separately.

The depreciation charge for each period is recognized as expense unless it is included in the

cost of another asset.

Initial Recognition of Depreciation

Depreciation of an asset begins when it is available for use such as when it is in the location

and condition necessary for it to be capable of operating in the manner intended by

management.

For simplicity and to avoid proportionate computation, the depreciation is for one month if

the PPE is available for use after the 15th of the month, depreciation is for succeeding month.

Depreciation Method

The straight-line method of the depreciation shall be adopted unless another method is

appropriate for agency operation.

Estimated useful Life

The Agricultural Training Institute- 13 uses the schedule on the estimated useful life

of PPE by classification prepared by COA.

The Agricultural Training Institute- 13 uses a residual value equivalent to at least five percent

(5%) of the cost of the PPE.

Impairment

An asset’s carrying amount is written to its recoverable amount, or recoverable service

amount, if the asset’s carrying amount is greater than its estimated recoverable service

amount.

De-recognition

The Agricultural Training Institute- 13 derecognizes items of property, plant and equipment

and/or any significant part of an asset upon disposal or when no future economic benefits or

service potential is expected from its continuing use. Any gain or loss arising on

derecognition of the asset (calculated as the difference between the net disposal proceeds

and the carrying amount of the asset) is included at the surplus or deficit when the asset is

derecognized.

PPSAS 17.43

PAG2 of

PPSAS 17

PPSAS 17.24

PPSAS 17.25

PPSAS 17.23

PPSAS 17.59

PPSAS 17.64

PAG3 of

PPSAS 17

PAG4 of

PPSAS 17

PAG5 of

PPSAS 17

PAG6 of

PPSAS 17

PPSAS 17.82

PPSAS 17.83

PPSAS 17.86




4

3.5 Change in accounting policies and estimates

The Agricultural Training Institute- 13 recognizes the effects of changes in accounting

policy retrospectively. The effects of changes in accounting policy were applied

prospectively if retrospective application is impractical.

The Agricultural Training Institute- 13 recognizes the effects of changes in accounting

estimates prospectively by including in surplus or deficit.

The Agricultural Training Institute- 13 corrects material prior period errors retrospectively

in the first set of financial statements authorized for issue after their discovery by:

• Restating the comparative amounts for prior period(s) presented in which the error

occurred; or

• If the error occurred before the earliest prior period presented, restating the opening

balances of assets, liabilities and net assets/equity for the earliest prior period

presented.

3.6 Revenue from Exchange transactions

Measurement of Revenue

Revenue was measured at the fair value of the consideration received or receivable.

3.7 Employee benefits

The employees of Agricultural Training Institute- 13 are member of the Government Service

Insurance System (GSIS), which provides life and retirement insurance coverage.

The Agricultural Training Institute- 13 recognizes the undiscounted amount of short term

employee benefits, like salaries, wages, bonuses, allowance, etc., as expense unless capitalized,

and as a liability after deducting the amount paid.

4. Changes in Accounting Policies

Agricultural Training Institute- 13 continues to adopt PPSASs No. 1 to 32, which replaced the

existing standard. The new standard includes the requirement for recognition, measurement,

presentation and disclosure of financial reporting in the Philippine Government and is effective

for years beginning on January 1, 2014. This accounting change had no significant impact on

Agricultural Training Institute- 13 financial statements.

5. Prior Period Adjustments

Fundamental errors of prior years are corrected through Accumulated Surplus/(Deficit) account.

Errors/adjustments affecting current year's operations are charged to the appropriate current year's

accounts.

The Agricultural Training Institute- 13 has determined the following prior period adjustments and

its corresponding financial effects:

PPSAS 3.27

PPSAS 3.30

PPSAS 3.41

PPSAS 3.47

PPSAS 9.14




5

Particulars December 31,

2020

Effect on

Accumulated

Surplus

Effect on

Cumulative

Surplus FS Line Item Affected

CY PY CY

Payment of prior year’s expenses (307,411.36) Increase Decrease Decrease Assets

Recognition of PPE not recorded

in the book but counted during

Physical Inventory. 298,316.34 Decrease Increase Increase Assets

Dropping of unserviceable

PPE/damaged/No future

economic benefits. (244,644.00)

Increase Decrease Decrease Assets

Adjustments of beginning

balance 328,579.57 Decrease Increase Increase Assets

Total 74,840.55

The prior period adjustments amounting to P 6,099,544.96 debit balance will decrease the opening

balance of accumulated surplus in the current year.

6. Cash and Cash Equivalents

Cash in Bank-MDS-LBP, Regular Account has zero balance but still have unreleased checks

amounting to P 34,170.62 as of December 31, 2020.

Cash in Bank-MDS-LBP, Special Account has zero balance but still have unreleased checks

amounting to P113,278.47 as of December 31, 2020.

Cash in Bank-LCCA, LBP (Trust Account) has P 3,824,078.82 cash balance including unrelease

check amounting to P 154,839.50 as of December 31, 2020

Accounts December 31,

2020

December 31,

2019

Cash - Collecting Officer - Revolving Fund - 6,807.20

Cash in Bank - MDS, Regular Account - -

Cash in Bank - MDS, Special Account - -

Cash in Bank - LCCA, LBP (Trust Account) 3,824,078.82 12,878.75

Cash in Bank - LCCA, PVB (Revolving Account) 210,678.51 257,451.20

Cash-Treasury/Agency Deposit, Regular Account 182,291.92 413,686.30

Cash-Treasury/Agency Deposit, Special Account 15,970.80 -

Cash - Tax Remittance Advice 466,930.02 -

Total Cash and Cash Equivalents 4,699,950.07 690,823.45




6

Cash in Bank-LCCA, PVB (Revolving Fund) has P 210,678.51 cash balance as of December 31,

2020 including temporarily deposited refund amounting to P 123,046.87 from Rosario’s Restaurant.

Cash-Treasury/Agency Deposit, Regular accounts amounting P 182,291.92 pertains to the collection

of excess cash from liquidated advances, sale of unserviceable property & collection of receivable

disallowances.

Cash-Treasury/Agency Deposit, Special accounts amounting P 15,970.80 pertains to the collection

of excess cash from liquidated advances.

Cash- Tax Remittance Advice accounts amounting P 466,930.02 is the total sum of Withholding tax

from Fund 01 & 03 to be remitted on January 2021.

7. Receivable

7.1 Due from National Government Agencies

The amount of P 500,000.00 serve as Airfare deposit to DBM Procurement Service for ATI Staff

official travel.

7.2 Other Receivables

Other Receivables Account refers to Funds Transfer to Trust Fund intended for Corn Program-

Learning Site for Agriculture establishment amounting to P3,000,000.00, P600,000.00 for Rice

RCEF establishment, P450,000.00 Rice -RCEF enhancement and P123,046.87 refund by Rosarios

Restaurant temporarily deposited to Philippine Veterans Bank.


2020

December 31,

2019

Due from National Government Agencies 500,000.00 -

Total 500,000.00 -


2020

December 31,

2019

Other Receivables 4,858,046.87 -

Total 4,858,046.87 -




7

8. Inventories

8.1 Inventory Held for Consumption

2020

Inventories

Inventories

carried at the

lower of cost and

net realizable

value

Inventories

carried at

the lower of cost

and net

realizable value

Inventory

write-down

recognized

during the year

Reversal of

Inventory write-

down

recognized

during the

year

Accounts MDS-Regular MDS-Special RF Trust Fund

Inventory Held for Consumption

Carrying Amount, January 1, 2020 301,299.00 - 188,726.21 220,793.75

Additions/Acquisitions during the year 2,808,956.97 472,611.25 105,727.10 50,735.00

Expensed during the year except write

down (1,281,590.32) (187,442.00) (294,453.31) (220,793.75)

Carrying Amount, Dec. 31, 2020 1,828,665.65 285,169.25 - 50,735.00

8.2 Inventory Held for Distribution

Accounts MDS-Regular MDS-Special RF Trust Fund

Inventory Held for Distribution

Carrying Amount, January 1, 2020 94,780.00 652,980.50 - -

Additions/Acquisitions during the year 14,738,124.62 2,043,721.00 - 1,077,079.00

Expensed during the year except write-

down (2,901,898.07)

(221,116.50) -

Carrying Amount, Dec. 31, 2020 11,931,006.55 2,475,585.00 -

1,077,079.00

-

8.3 Semi-Expendable Machinery and Equipment

Semi-Expandable Office Equipment December 31,

2020

December 31,

2019

Carrying Amount, January 1, 2020 8,646.00 -

Additions/Acquisitions during the year 41,787.00 40,653.00

Expensed during the year except write-down (25,085.00) ((32,007.00)

Carrying Amount, Dec. 31, 2020 25,348.00 8,646.00

Semi-Expendable Information and Communications

Technology Equipment

December 31,

2020

December 31,

2019



Expensed during the year except write-down (330,045.00) (245,055.00)

Carrying Amount, December 31, 2020 214,640.00 86,805.00




8

9. Property, Plant and Equipment

Semi-Expendable Sports Equipment December 31,

2020

December 31,

2019

Carrying Amount, January 1, 2020 - -

Additions/Acquisitions during the year 17,380.00

Expensed during the year except write-down

(17,380.00)

Carrying Amount, December 31, 2020 - -

Semi-Expendable Other Machinery and Equipment December 31,

2020

December 31,

2019

Carrying Amount, January 1, 2020 - -

Additions/Acquisitions during the year 196,337.50

34,845.00


Carrying Amount, December 31, 2020 - -

Semi-Expendable Furniture and Fixtures December 31,

2020

December 31,

2019




Carrying Amount, December 31, 2020 32,253.75 7,000.00




9

10. Other Current Assets

10.1. Advances to Special Disbursing Officer

Funds

December 31,

2020

December 31,

2019

Modified Disbursement System (MDS)- Fund- 01 33,839.36 -

Modified Disbursement System (MDS)- Fund- 03 6,693.00 -

Total 40,532.36 -

Unliquidated Cash Advances to Special Disbursing Officer amounting P 40,532.36 of which

P25,300.00 is to be used on January 6-7, 2021 and the remaining excess amount is to be

refunded/collected on January 2021.

11. Financial Liabilities

11.1 Payables

Particulars

Amount

Funds December 31,

2020

December 31,

2019

Accounts Payable MDS Fund- 01 484,000.00 1,242,377.86

Accounts Payable RF Fund -06 - 42,237.95

Accounts Payable Trust Fund- 07 154,839.50 -

Other Payables MDS Fund- 01 787.91 -

Other Payables RF Fund -06 123,046.87 -

Other Payables Trust Fund- 07 4,739,763.42 233,672.50

Total Payables 638,839.50 1,518,288.31

Accounts Payable-MDS, Regular Fund- 01 represents accrued expenses during the year amounting

to P 484,000.00.

Accounts Payable- Trust Fund- 07 represents unreleased check as of December 31, 2020 amounting

to P 154,839.50.

Other Payables- MDS, Regular Fund- 01 represents unreconciled amount from ATI Provident Fund

that need to be adjusted on January 2021 amounting P 787.91.

Other Payables- Revolving Fund- 06 represents amount of refund made by check temporarily

deposited to Phil. Veterans Bank from Rosario’s Restaurant amounting P 123,046.87.

Other Payables- Trust Fund- 07 represents total amount of Fund Transfer from MDS Regular Fund-

01, MDS Special Fund- 03 and Sales from bidding documents amounting to P 4,739,763.42.




10

11.2. Inter-Agency Payables

Particulars

Amount

Funds December 31,

2020

December 31,

2019

Due to BIR MDS Fund- 01 438,498.58 -

Due to BIR MDS Fund- 03 28,431.44 -

Due to BIR RF- 06 11,314.71

Due to BIR Trust Fund- 07 57,289.90 -

Due to GSIS MDS Fund- 01 15,586.34 8,190.98

Due to Pag-IBIG MDS Fund- 01 200.00 -

Due to PhilHealth MDS Fund- 01 11,517.80 -

Due to NGAS RF- 06 - 7,884.39

Total Payables 559,408.45 27,390.08

-

Due to BIR account represents total amount of withholding taxes withheld for the month of

December 2020 to be remitted om January 2021.

Due to GSIS account represents total amount of unremitted deductions due to erroneous

amount of billing computations and adjustments by GSIS.

Due to Pag-IBIG represents total amount of unremitted deductions due to erroneous amount

of billing computations.

Due to Philhealth represents total amount of unremitted deductions due to erroneous amount

of billing computations.

Due to NGAs- RF represents total unliquidated amount of cash transfer for CARAGA Consortium

Research and Development Project (CCARDs) from DOST.

12. Service and Business Income

Particulars

December 31,

2020

December 31,

2019

Other Business Income 173,506.00 155,407.25

Income from Hostels, Dormitories & Other Facilities 229,500.00 1,537,816.95

Total Income 403,006.00 1,693,224.00

Other Business Income represents total amount of sales from Demo Farm (FFARMS Harvest

Income from Hostels, Dormitories & Other Facilities represents total amount of income from

Dormitory, Training Hall Rentals & Other Like Facilities.




11

13. Personal Services

13.1. Salaries and Wages

Particulars

December 31,

2020

December 31,

2019

Salaries and Wages-Regular 9,475,892.52 9,378,140.37

Total Salaries and Wages 9,475,892.52 9,378,140.37

13.2. Other Compensation

Particulars

December 31,

2020

December 31,

2019

Personal Economic Relief Allowance (PERA) 668,000.00 718,363.64

Representation Allowance (RA) 60,000.00 60,000.00

Transportation Allowance (TA) 60,000.00 41,250.00

Clothing/Uniform Allowance 168,000.00 180,000.00

Longevity Pay - Civilian 5,000.00 15,000.00

Bonus-Civilian 1,590,172.70 1,559,050.00

Cash Gift 139,500.00 150,000.00

CNA Incentive-Civilian 722,500.00 762,500.00

Productivity Enhancement Incentives - Civilian 137,000.000 150,000.00

Performance Based Bonus - Civilian - -

Total Other Compensation 3,550,172.70 3,636,163.64

13.3. Personnel Benefit Contributions

Particulars

December 31,

2020

December 31,

2019

Retirement and Life Insurance Premiums 287,931.24 1,097,550.34

Pag-IBIG Contributions 33,200.00 35,900.00

PhilHealth- Civilian 126,428.82 122,400.19

Employees Compensation Insurance. Premium -Civilian 33,000.00 36,000.00

Total Personnel Benefit Contributions 480,560.06 1,291,850.53




12

13.4. Other Personnel Benefits

Particulars

December 31,

2020

December 31,

2019

Other Personnel Benefits 488,417.67 329,703.19

Total Other Personnel Benefits 488,417.67 329,703.19

14. Maintenance and Other Operating Expenses

14.1. Traveling Expenses

Particulars

December 31,

2020

December 31,

2019

Traveling Expenses-Local 473,613.26 4,612,247.93

Traveling Expenses-Foreign -

Total Traveling Expenses 473,613.26 4,612,247.93

14.2. Training and Scholarship Expenses

Particulars

December 31,

2020

December 31,

2019

Training Expenses 4,120,537.85 24,308,949.57

Scholarship Grants/Expenses 423,000.00 -

Total Training and Scholarship Expenses 4,543,537.85 24,308,949.57

14.3. Supplies and Materials Expenses

Particulars

December 31,

2020

December 31,

2019

Office Supplies Expenses 280,594.95 365,381.02

Fuel, Oil and Lubricants Exp. 525,394.56 896,523.07

Agricultural and Marine Supplies Expenses 314,318.00 196,181.00

Other Supplies and Materials Expenses 729,221.91 519,860.83

Semi Expandable - Office Equipment Expenses 25,635.00

32,007.00

Semi Expandable - ICT Equipment Expenses 247,865.00

245,055.00




13

Semi Expandable - Sports Equipment Expenses -

17,380.00

Semi Expandable – Other Machinery Equipment Expenses 65,357.25

34,845.00

Semi Expandable -Furniture and Fixtures Expenses 231,850.00

614,670.00

Total Supplies and Materials Expenses

2,420,236.67

2,921,902.92

Semi-Expendable Expenses are those items that fall below the PPE capitalization threshold of

P15,000.00 and now classified as Semi-Expendable Equipment.

14.4. Utility Expenses

Particulars

December 31,

2020

December 31,

2019

Water Expenses 15,220.00 18,248.00

Electricity Expenses 582,189.39 847,239.15

Total Utility Expenses

597,409.39

865,487.15

14.5. Communication Expenses

Particulars

December 31,

2020

December 31,

2019

Postage and Courier Services 2,875.00 3,696.00

Telephone Expenses (Mobile) 124,810.00 109,940.00

Telephone Expenses (Landline) - -

Internet Subscription Expenses 177,846.67 122,400.00

Total Communication Expenses 305,531.67 236,036.00

14.6. Awards/Rewards and Prizes

Particulars

December 31,

2020

December 31,

2019

Awards/Rewards and Prizes - -

Prizes 2,000,000.00 9,245,000.00

Total Communication Expenses 2,000,000.00 9,245,000.00




14

14.7. Professional Services

Particulars

December 31,

2020

December 31,

2019

Other Professional Services 2,956,266.58 2,297,664.36

Total Professional Services 2,956,266.58 2,297,664.36

14.8. General Services

Particulars

December 31,

2020

December 31,

2019

Security Services 300,681.00 200,083.43

Other General Services

795,226.59

1,742,180.41

Total General Services

1,095,907.59

1,942,263.84

14.9. Repairs and Maintenance

Particulars

December 31,

2020

December 31,

2019

Repairs and Maintenance - Water Supply Systems 25,639.50 -

Repairs and Maintenance-Building 332,965.90 260,465.75

Repairs and Maintenance-Office Equipment 19,500.00 17,150.00

Repairs and Maintenance - Information and Communication

Technology Equipment

123,965.18 -

Repairs and Maintenance-Motor Vehicles 181,900.3 419,122.24

Total Repairs and Maintenance

683,970.88

696,737.99

Repairs and Maintenance Expenses are those ordinary repairs made to various assets including tires

(For Motor Vehicles) to ensure that it continues to operate and maintains its functionality and

performance.

14.10. Taxes, Insurance Premiums and Other Fees

Particulars

December 31,

2020

December 31,

2019

Taxes, Duties and Licenses 9,047.18 7,943.12

Fidelity Bond Premiums 63,000.00 68,250.00

Insurance Expenses 312,165.41 334,520.84

Total Taxes, Insurance Premiums and Other Fees 384,212.59 410,713.94




15

14.11. Other Maintenance and Operating Expenses

Particulars

December 31,

2020

December 31,

2019

Printing and Publication Expenses 281,362.67 -

Representation Expenses 1,948.00 -

Rents - Motor Vehicles 144,800.00 -

Membership Dues and Contributions to Organizations - 50,000.00

ICT Software Subscription 189,751.00 -

Donations 3,416,110.00 6,416,989.75

Total Other Maintenance and Operating Expenses 4,033,971.67 6,466,989.75

15. Financial Expenses

15.1 Financial Expenses

Particulars

December 31,

2020

December 31,

2019

Bank Charges 6,400.00 -

Total Financial Expenses 6,400.00 -

16. Non–Cash Expenses

16.1. Depreciation

Particulars

December 31,

2020

December 31,

2019

Depreciation- Other Land Improvement 25,275.71 15,597.50

Depreciation - Water Supply Systems 67,859.15 -

Depreciation - Power Supply Systems 108,717.04 -

Depreciation- Buildings 479,992.56 277,284.42

Depreciation- Other Structures 105,794.88 105,794.88

Depreciation- Machinery 34,752.48 43,196.51

Depreciation- Office Equipment 244,388.32 307,809.31

Depreciation- ICT Equipment 871,089.41 620,617.65

Depreciation- Other Machinery Equip. 5,144.25 66,612.75

Depreciation- Motor Vehicles 744,162.48 744,162.43

Depreciation- Furniture and Fixtures 77,194.95 55,132.50

Total Depreciation

2,764,371.23

2,236,207.94

17. Net Financial Assistance/Subsidy




16

Financial Assistance/Subsidy from NGAs (NTA), LGUs, GOCCs

Particulars

December 31,

2020

December 31,

2019

Subsidy from National Government (NTA)- Regular Account 55,000,857.01 66,825,930.23

Subsidy from National Government (TRA)- Regular Account 1,895,013.87 2,171,972.63

Subsidy from National Government (NTA)- Special Account 5,613,781.53 4,019,407.25

Subsidy from National Government (TRA)- Special Account 176,214.41 162,452.94

Total Financial Assistance/Subsidy from NGAs, LGUs,

GOCCs 62,685,866.82 73,179,763.05

Less: Financial Assistance/Subsidy to NGAs, LGUs, GOCCs, NGOs/POs

Particulars

December 31,

2020

December 31,

2019

Subsidy to National Government (BTr only)

(Refund/ Reversion), Regular Account 5,595,990.85 3.00

Subsidy to National Government (BTr only)

(Refund/ Reversion), Special Account 1,724.10 246,119.49

Total Financial Assistance/Subsidy to NGAs, LGUs, GOCCs 5,597,714.95 246,122.49

Net Financial Assistance/Subsidy

57,088,151.87

72,933,640.56

18. Non-Operating Income, Gain/Loss

18.1 Sale of Assets

Particulars

December 31,

2020

December 31,

2019

Sale of Unserviceable Property 78,179.25 -

Total Sales of Assets

78,179.25

-




17

18.2 Gain on Sales of Property, Plant & Equipment

Particulars

December 31,

2020

December 31,

2019

-

-

Total Sales of Assets

-

-

18.1. Non-Operating Losses.

Particulars

December 31,

2020

December 31,

2019

Loss on Sale of Property, Plant and Equipment 142,109.63 -

Total Non-Operating Loss 142,109.63 -

Certified Correct by:

FRANCIS H. IRIARTE Accountant

.

AGRICULTURAL TRAINING INSTITUTE- 13 (Consolidated) Notes ...

Documents

Transcript of AGRICULTURAL TRAINING INSTITUTE- 13 (Consolidated) Notes ...