BUREAU OF IMMIGRATION

NOTES TO FINANCIAL STATEMENTS

For the Year Ended December 31, 2023

1. General Information/Agency Profile

The financial statements (FS) of the Bureau of Immigration (BI) were authorized
for issue on February 1, 2024 as shown in the Statement of Management
Responsibility for Financial Statements signed by Commissioner Norman G.
Tansingco and Judith F. Ferrera, Chief of Finance and Management Division.

The BI is acting as the primary enforcement arm of the Department of Justice

(DOJ) and the President of the Philippines in ensuring that all foreigners within its
territorial jurisdiction comply with existing laws. It was created by virtue of
Commonwealth Act No. 613, otherwise known as, the “Philippine Immigration
Act of 1940”. It is guided by its core values of Patriotism, Integrity and
Professionalism in fulfilling its mandate to administer and enforce immigration,
citizenship and alien registration laws of the Philippines. It also plays a role in the
enforcement of Republic Act (RA) No. 9208 also known as the Anti-Trafficking
in Persons Act (ATPA) of 2003.

The Bureau is headed by Commissioner Norman G. Tansingco. It has a total

manpower of 3,701 consisting of three (3) presidential appointee, 2,476
permanent personnel, 11 coterminous, 1,019 job orders, and 192 contractual
personnel. The Bureau’s registered office is located at Magallanes Drive,
Intramuros, Manila 1002.

2. Statement of Compliance and Basis of FS Preparation

The Bureau’s FS were prepared in accordance with the International Public Sector
Accounting Standards (IPSAS) pursuant to COA Resolution No. 2020-01 dated
January 9, 2020.

The FS were prepared on the basis of historical cost, unless stated otherwise. The
Statement of Cash Flows (SCF) was prepared using the direct method.

3. Summary of Significant Accounting Policies

3.1 Basis of accounting

The Bureau uses accrual basis in accordance with the IPSAS. All expenses
were recognized when incurred and reported in the FS in the period to which
they relate. Income is on accrual basis except for transactions where accrual
basis is impractical or when other methods are required by law.

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3.2 Financial Instruments

Financial assets

Initial recognition and measurement

Financial assets within the scope of IPSAS 29 - Financial Instrument:

Recognition and Measurement are classified as financial assets at fair value
through surplus or deficit, and receivables, as appropriate. The Bureau
determines the classification of its financial assets at initial recognition.

The Bureau’s financial assets include: cash and cash equivalents; and
receivables.

Financial assets of the Bureau are non-derivative with fixed or determinable

payments that are not quoted in an active market. Losses arising from the
impairment are recognized in the surplus or deficit.

Derecognition

The Bureau derecognizes a financial asset or, where applicable, a part of a

financial asset or part of a group of similar financial assets when:

 The rights to receive cash flows from the asset have expired or waived.

 The Bureau has transferred its right to receive cash flows from the
asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party; and either: (a) the Bureau
has transferred substantially all the risks and rewards of the assets; or
(b) the Bureau has neither transferred nor retained substantially all the
risks and rewards of the assets, but has transferred control of the asset.

Impairment of financial assets

The Bureau assesses at each reporting date whether there is objective

evidence that a financial asset or a group of financial assets is impaired. A
financial asset or a group of financial assets is deemed to be impaired if, and
only if, there is objective evidence of impairment as a result of one or more
events that has occurred after the initial recognition of the asset (an incurred
“loss event”) and that loss event has an impact on the estimated future cash
flows of the financial asset or the group of financial assets that can be
reliably estimated.

Evidence of impairment may include the following indicators:

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  The debtors or a group of debtors are experiencing financial difficulty
 Default or delinquency in interest or principal payments
 The probability that debtors will enter bankruptcy or other financial
reorganization
 Observable data indicates a measurable decrease in estimated future
cash flows (e.g. changes in arrears or economic conditions that
correlate with defaults)

Financial Liabilities

Initial recognition and measurement

Financial liabilities within the scope of IPSAS 29 are classified as financial

liabilities at fair value through surplus or deficit or loans and borrowing as
appropriate. The entity determines the classification of its financial
liabilities at initial recognition.

All financial liabilities are recognized initially at fair value.

Financial liabilities of the Bureau include accounts and other payables and
financial guarantee contracts.

Derecognition

A financial liability is derecognized when the obligation under the liability

is discharged or cancelled or expires.

3.3 Cash and Cash Equivalents

Cash and Cash equivalents comprise cash on hand and cash in 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 statement of cash flows, cash and cash equivalent consist of cash
and short-term deposits as defined above, net of outstanding bank
overdrafts.

3.4 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.

The Perpetual Inventory System is used to record supplies and materials

purchased for stock, whether they are consumed or not within the

13
 accounting period. Regular purchases are coursed through the inventory
account and issuances are recorded as they take place. The Moving Average
Method is used in computing the cost of inventory issued and its ending
inventory.

Inventories are recognized as an expense when deployed for utilization or

consumption in the ordinary course of operations of the BI.

3.5 Property, Plant and Equipment (PPE)

Recognition

An item is recognized as PPE if it meets the following characteristics and

recognition criteria as a PPE:

The characteristics of PPE are as follows:

 Tangible item;
 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 used 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 PPE 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 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 items; and
 Initial estimate of costs 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

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 having used the item during a particular period for purposes other than
to produce inventories during that period.
Measurement after Recognition

After recognition, all PPE are stated at cost less accumulated depreciation
and impairment losses.

When significant parts of the PPE are required to be replaced at intervals,

the Bureau 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 repair and maintenance costs are recognized as expense in surplus
or deficit as incurred.

Depreciation

Each part of an item of PPE, 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 on or before the 15 th of the
month. However, if the PPE is available for use after the 15 th of the month,
depreciation is for the succeeding month.

Depreciation Method

The straight-line method of depreciation is adopted unless another method is

more appropriate for agency operation.

Estimated Useful Life

The Bureau uses the Schedule on the Estimated Useful Life of PPE by
classification prepared by COA and a residual value equivalent to at least
five percent of the cost of PPE.

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 Impairment

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

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

Derecognition

The Bureau derecognizes items of PPE 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 from
derecognition of the asset (calculated as the difference between the net
disposal proceeds and the carrying amount of the asset) is included in the
surplus or deficit when the asset is derecognized.

Reclassification

According to COA Circular 2022-04 dated May 31, 2022, guidelines on the
implementation of Section 23 of the General Provisions of Republic Act
(RA) No. 11639 also known as the General Appropriations Acts (GAA) for
Fiscal Year (FY) 2022, tangible items that meet the definition and
recognition criteria of PPE but cost below P50,000.00 shall be accounted for
in the books of accounts of the agency as semi-expendable property.

3.6 Leases

Operating leases are leases which do not transfer substantially all the risks
and benefits incidental to ownership of the leased item to the Bureau.
Operating lease payments are recognized as an operating expense in surplus
or deficit on straight-line basis over the lease term.

3.7 Intangible Assets

Recognition and Measurement

Intangible assets are recognized when the items are identifiable non-
monetary assets without physical substance; it is probable that the expected
future economic benefits or service potential that are attributable to the
assets will flow to the entity; and the cost or fair value of the assets can be
measured reliably.

Intangible assets acquired separately are initially recognized at cost.

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 If payment for an intangible asset is deferred beyond normal credit terms, its
cost is the cash price equivalent. The difference between this amount and the
total payments is recognized as interest expense over the period of credit
unless it is capitalized in accordance with the capitalization treatment
permitted in PPSAS 5, Borrowing Costs.

Recognition of an Expense

Expenditure on an intangible item was recognized as an expense when it is

incurred unless it forms part of the cost of an intangible asset that meets the
recognition criteria of an intangible asset.

Subsequent Measurement

The useful life of intangible assets is assessed as either finite or indefinite.

Intangible asset with a finite life is amortized over its useful life:

The straight-line method is adopted in the amortization of the expected

pattern of consumption of the expected future economic benefits or service
potential.

An intangible asset with indefinite useful life was not amortized.

Intangible assets with an indefinite useful life or an intangible asset not yet
available for use were assessed for impairment whenever there is an
indication that the asset may be impaired.

The amortization period and the amortization method, for an intangible asset
with a finite useful life, were reviewed at the end of each reporting period.
Changes in the expected useful life or the expected pattern of consumption
of future economic benefits embodied in the asset were considered to
modify the amortization period or method, as appropriate, and were treated
as changes in accounting estimates. The amortization expense on an
intangible asset with a finite life is recognized in surplus or deficit as the
expense category that is consistent with the nature of the intangible asset.

Gains or losses arising from derecognition of an intangible asset were

measured as the difference between the net disposal proceeds and the
carrying amount of the asset and were recognized in the surplus or deficit
when the asset is derecognized.

3.8 Changes in accounting policies and estimates

The Bureau recognizes the effect of changes in accounting policy

retrospectively. The effects of changes in accounting policy were applied
prospectively if retrospective application is impractical.

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 The Bureau recognizes the effects of changes in accounting estimates
prospectively by including in surplus or deficit.

The Bureau 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.

3.9 Revenue from non-exchange transactions (NET)

Recognition and measurement of assets from NET

An inflow of resources from a NET, other than services in-kind, that meets
the definition of an asset were recognized as an asset if the following criteria
are met:

 It is probable that the future economic benefits or service potential

associated with the asset will flow to the entity; and
 The fair value (FV) of the asset can be measured reliably.

An asset acquired through a NET is initially measured at its FV as at the

date of acquisition.

Recognition of revenue from NET

An inflow of resources from a NET recognized as an asset is considered as

revenue, except to the extent that a liability is also recognized in respect of
the same inflow.

As the Bureau satisfies a present obligation recognized as a liability in

respect of an inflow of resources from a NET recognized as an asset, it
reduces the carrying amount of the liability and recognizes an amount of
revenue equal to the reduction.

Measurement of Revenue from NET

Revenue from NET is measured at the amount of the increase in net assets
recognized by the entity, unless a corresponding liability is recognized.

Measurement of Liabilities on Initial Recognition from a NET

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The amount recognized as a liability in a NET is the best estimate of the
amount required to settle the present obligation at the reporting date.

Taxes

Taxes and related fines and penalties are recognized when collected or when
these are measurable and legally collectible. Related refunds, including
those that are measurable and legally collectible, are deducted from the
recognized tax revenue.

Gifts and donations

The Bureau recognizes assets and revenue from gifts and donations when it
is probable that future economic benefits or service potential will flow to the
entity and the FV of the assets can be measured reliably.

Goods in-kind are recognized as assets when goods are received, or there is
a binding arrangement to receive the goods. If goods in-kind are received
without conditions attached, revenue is recognized immediately. If
conditions are attached, a liability is recognized, which is reduced and
revenue recognized as the conditions are satisfied.

On initial recognition, gifts and donations including goods in-kind are

measured at their FV as at the date of acquisition, which were ascertained by
reference to an active market, or by appraisal. An appraisal of the value of
an asset is normally undertaken by a member of the valuation profession
who holds a recognized and relevant professional qualification. For many
assets, FV is ascertained by reference to quoted prices in an active and
liquid market.

Transfers

The Bureau recognizes an asset in respect of transfers when the transferred

resources meet the definition of an asset and satisfy the criteria for
recognition as an asset, except those arising from service in-kind.

Rendering Services

The Bureau recognizes revenue from rendering of services by reference to

the stage of completion when the outcome of the transaction can be
estimated reliably. The stage of completion is measured by reference to
labor hours incurred to date as a percentage of total estimated labor hours.
Where the contract outcome cannot be measured reliably, revenue is
recognized only to the extent that expenses incurred are recoverable.

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 3.10 Budget Information

The annual budget is prepared on a cash basis and is published in the

government website. As a result of the adoption of the cash basis for
budgeting purposes, a separate Statement of Comparison of Budget and
Actual Amounts was presented showing the basis, timing or entity
differences. Explanatory comments are provided in the notes to the annual
FS; first, the reasons for overall growth or decline in the budget stated,
followed by details of overspending or under-spending on line items.

4. Changes in Accounting Policy

On January 01, 2014, the Bureau adopted the RCA based on the IPSAS which
replaced the New Government Accounting System (NGAS). The new standard
includes the requirement for recognition, measurement, presentation, and
disclosure of various accounts and is effective beginning January 01, 2014. This is
in conformity with COA Circular 2013-02 dated January 30, 2013 Re: Adoption
of the RCA for NGAs and COA Circular 2020-001 dated January 08, 2020.

5. Modified Obligation System

The Modified Obligation System is still used to record allotments received and
obligations incurred. Separate registries are maintained to control allotments and
obligations for each class of allotment.

6. Remittance of Income to the Bureau of the Treasury (BTr)

Income/receipts which the Bureau are not authorized to use are required to be
remitted to the BTr and likewise recorded in the RA books.

7. Prior Period Adjustments

The Bureau has determined prior years’ errors were committed, together with
various unrecorded expenses and disbursements brought by erroneous entries
made during the year. Details are as follows:

7.1 Restatement of the Opening Balance of the Accumulated Surplus/(Deficit)

Various errors in recording of transactions for CY 2023 and below were

determined during the year. As a result, the balance of the Accumulated
Surplus/(Deficit) as of January 1, 2023 was restated as follows:

Balance, January 1, 2023 ₱1,160,316,549.76

Unrecorded prior years’ income and expenses 135,538,205.31
Unrecorded adjustments, transfer, issuance and disposal -
of assets
Restated balance, January 1, 2023 ₱1,295,854,755.07

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 The effects of the aforementioned accounting errors in the balances of the
2022 assets and liabilities are presented in Note No. 7.3.

7.2 Restatement of the 2022 Surplus/(Deficit)

Various errors in recording of transactions for CY 2022 were determined

during the year. As a result, the balance of the Surplus/(Deficit) for the year
ending December 31, 2022 was restated as follows:

Reported Balance, Dec. 31, 2022 ₱4,382,840,635.37

Add/(Deduct):
Unrecorded and/or misrecorded ₱10,228,522.15
2022 revenue
Unrecorded and/or misrecorded (24,016,867.75)
2022 expenses
Net Financial Assistance/Subsidy 1,744,273.63 (12,044,071.97)
Restated Balance, December 31, 2022 ₱4,370,796,563.40

The effects of the aforementioned accounting errors in the balances of the

2022 assets, liabilities, income and expenses are presented in Note No. 7.3.

7.3 Restatement of the 2022 Balances of Assets, Liabilities, Income and

Expenses

In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Cash - Collecting 41,892,107.00 22,217,645.60 64,109,752.60 Unrecorded
Officers or wrong
recording of
income
and/or
deposits
Petty Cash 791,622.17 53,756.33 845,378.50 Unrecorded
expenses
and/or prior
period
adjustments
Cash in Bank - 216,514,778.92 6,000.00 216,520,778.92 Wrong
Local Currency, recording of
Current Account deposits
Cash in Bank – 102,067,996.29 - 102,067,996.29
Local Currency,
Savings Account
Cash - 10,266,789.04 17,208,843.94 27,475,632.98 Unrecorded
Treasury/Agency expenses
Deposit, Trust and/or prior

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 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
period
adjustments
Cash and Cash 371,533,293.42 39,486,245.87 411,019,539.29
Equivalents
Accounts 273,824,544.05 - 273,824,544.05
Receivable
Due from 4,870,491.91 - 4,870,491.91
National
Government
Agencies
Receivables - 436,459.41 - 436,459.41
Disallowances/
Charges
Due from Officers 1,097,952.33 - 1,097,952.33
and Employees
Other Receivables 7,328,521.28 (70,942.50) 7,257,578.78 Write-off
Receivables 287,557,968.98 (70,942.50) 287,487,026.48
Office Supplies 717,555.38 - 717,555.38
Inventory
Accountable 19,699,723.37 (431,327.18) 19,268,396.19 Unrecorded
Forms, Plates and issuance
Stickers Inventory
Drugs and 431,327.18 (431,327.18) -
Medicines
Inventory
Medical, Dental 7,723,772.85 (7,073,578.71) 650,194.14 Unrecorded
and Laboratory issuance
Supplies
Inventory
Other Supplies 6,695,908.86 - 6,695,908.86
and Materials
Inventory
Semi-Expendable 1,688,286.22 - 1,688,286.22
Office Equipment
Semi-Expendable 4,213,969.60 - 4,213,969.60
Information and
Communications
Technology
Semi-Expendable 247,500.00 - 247,500.00
Communications
Equipment
Semi-Expendable 114,400.00 - 114,400.00
Disaster Response
and Rescue
Equipment
Semi-Expendable 788,000.00 - 788,000.00
Military, Police
and Security
Equipment
Semi-Expendable 2,861,916.18 - 2,861,916.18

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 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Other Equipment
Semi-Expendable 214,680.00 - 214,680.00
Furniture,
Fixtures and
Books
Inventories 45,397,039.64 (7,504,905.89) 37,892,133.75
Advances to 157,809.36 78,682.38 236,491.74 Unrecorded
Officers and Expenses
Employees
Advances to 21,974,400.00 (5,970,796.66) 16,003,603.34 Unrecorded
Special Expenses
Disbursing
Officer
Advances to 4,500,468.30 (274,081.20) 4,226,387.10 Prior year
Contractors adjustments
Prepaid Rent 2,087,782.46 - 2,087,782.46
Prepaid Insurance 320,042.39 - 320,042.39
Other 200,000.00 - 200,000.00
Prepayments
Guaranty 1,721,482.36 - 1,721,482.36
Deposits
Other Current 30,961,984.87 (6,166,195.48) 24,795,789.39
Assets
Land 192,089,649.80 - 192,089,649.80
Other Land 967,922.48 - 967,922.48
Improvements
Buildings 99,461,462.42 - 99,461,462.42
Accumulated (47,876,747.60) 1,096,193.73 (46,780,553.87) Unrecorded
Depreciation - depreciation
Buildings and/or prior
year
adjustments
Other Structures 1,026,600.00 - 1,026,600.00
Accumulated (41,154.03) - (41,154.03)
Depreciation-
Other Structures
Other Leased 3,984,818.39 - 3,984,818.39
Assets
Improvements
Office Equipment 103,473,565.03 (396,000.00) 103,077,565.03 Reclassificat
ion and
Unrecorded
Issuances
Accumulated (11,783,057.82) (1,219,872.68) (13,002,930.50) Unrecorded
Depreciation - depreciation
Office Equipment and/or prior
year
adjustments
Information and 1,133,031,838.30 (899,888.88) 1,132,131,949.42 Reclassificat
Communications ion and

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 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Technology (ICT) Unrecorded
Equipment Issuances
Accumulated (464,273,520.87) (3,524,176.55) (467,797,697.42) Unrecorded
Depreciation - depreciation
ICT Equipment and/or prior
year
adjustments
Communications 4,077,395.72 - 4,077,395.72
Equipment (CE)
Military, Police 7,761,755.00 - 7,761,755.00
and Security
Equipment
(MPSE)
Accumulated (5,434,106.18) - (5,434,106.18)
Depreciation -
MPSE
Medical 1,199,239.25 - 1,199,239.25
Equipment (ME)
Accumulated (778,793.28) 47,596.63 (731,196.65) Unrecorded
Depreciation - depreciation
ME and/or prior
year
adjustments
Disaster Response 572,600.00 - 572,600.00
and Rescue
Equipment
(DRRE)
Other Machinery 4,899,338.22 - 4,899,338.22
and Equipment
(OME)
Accumulated (846,659.62) 842,479.61 (4,180.01) Unrecorded
Depreciation – depreciation
OME and/or prior
year
adjustments
Motor Vehicles 145,130,155.66 - 145,130,155.66
(MV)
Accumulated (79,953,807.41) - (79,953,807.41)
Depreciation -
MV
Watercrafts 2,646,723.00 - 2,646,723.00
Accumulated (2,514,386.85) - (2,514,386.85)
Depreciation -
Watercrafts
Furniture and 49,334,749.88 (186,000.00) 49,148,749.88 F&F
Fixtures and reclassified
Books (FFB) as Semi-
expendable
F& F
Accumulated (5,007,885.17) (518,147.13) (5,526,032.30) Unrecorded
Depreciation - depreciation

24
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
FFB and/or prior
year
adjustments
Construction in 97,488,838.16 - 97,488,838.16
Progress -
Buildings and
Other Structures
Other Property, - 50,000.00 50,000.00 Prior Period
Plant and Adjustments
Equipment
Property, Plant 1,228,636,532.48 (4,707,815.27) 1,223,928,717.21
and Equipment
Computer 78,826,989.13 - 78,826,989.13
Software
Accumulated (7,321,801.37) (24,897.60) (7,346,698.97) Unrecorded
Amortization - depreciation
Computer and/or prior
Software year
adjustments
Intangible Assets 71,505,187.76 (24,897.60) 71,480,290.16
Other Non- 3,393,592.99 (2,980,142.99) 413,450.00
Current Assets
Accounts Payable 4,692,895.17 9,404,154.74 14,097,049.91
Financial 4,692,895.17 9,404,154.74 14,097,049.91
Liabilities
Due to BIR 12,765,067.00 210,812.94 12,975,879.94 Prior Year
Adjustments
Due to GSIS 15,669,779.03 - 15,669,779.03
Due to Pag-IBIG 2,526,318.45 - 2,526,318.45
Due to Philhealth 2,662,258.76 - 2,662,258.76
Due to NGAs 1,592,202.36 (1,261,085.14) 331,117.22 Prior Year
Adjustments
Inter-Agency 35,215,625.60 (1,050,272.20) 34,165,353.40
Payables
Bail Bonds 239,565,127.48 (1,408,301.65) 238,156,825.83 Prior Year
Payable Adjustments
Guaranty/Security 5,186,923.80 190,000.00 5,376,923.80 Prior Year
Deposits Payable Adjustments
Trust Liabilities- 225,662,022.28 (123,707,166.21) 101,954,856.07 Prior Year
Express Adjustments
Trust Liabilities 470,414,073.56 (124,925,467.86) 345,488,605.70
Other Payables 94,617,956.05 (935,273.85) 93,682,682.20
Other Deferred 273,728,500.00 - 273,728,500.00
Credits
Accumulated 1,160,316,549.76 135,538,205.31 1,295,854,755.07
Surplus/(Deficit)
Immigration Tax 78,342,027.00 2,250.00 78,344,277.00 Unrecorded
Income for
prior year

25
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Tax Revenue 78,342,027.00 2,250.00 78,344,277.00
Clearance and 555,532,586.00 13,300.00 555,545,886.00 Unrecorded
Certification Fees Income for
Express Lane 165,342,650.00 1,926,188.64 167,268,838.64 prior year
Fees
Passport and Visa 44,153,300.00 2,800.00 44,156,100.00
Fees
Processing Fees 825,899,740.00 15,500.00 825,915,240.00
Fines and 501,681,400.00 25,750.00 501,707,150.00
Penalties-Service
Income
Other Service 2,161,514,824.58 7,644,783.51 2,169,159,608.09
Income
Other Gains 4,087,539.89 (50.00) 4,087,489.89
Service Income 4,258,212,040.47 9,628,272.15 4,267,840,312.62
Affiliation Fees 3,052,500.00 - 3,052,500.00
Seminar/Training - 598,000.00 598,000.00 Unrecorded
Fees Income for
prior year
Interest Income 72,016.39 - 72,016.39
Fines and 1,611,726.19 - 1,611,726.19
Penalties
Business Income
Business Income 4,736,242.58 598,000.00 5,334,242.58
Service and 4,262,948,283.05 10,226,272.15 4,273,174,555.20
Business Income
Total Revenue 4,341,290,310.05 10,228,522.15 4,351,518,832.20
Salaries and 704,822,460.58 - 704,822,460.58
Wages-Regular
Salaries and 40,006,578.52 - 40,006,578.52
Wages-Casual /
Contractual
Total Salaries 744,829,039.10 - 744,829,039.10
and Wages
Personal 51,963,203.08 - 51,963,203.08
Economic Relief
and Allowance
(PERA)
Representation 604,860.00 - 604,860.00
Allowance
Clothing/Uniform 12,504,000.00 - 12,504,000.00
Allowance
Honoraria 335,532.66 - 335,532.66
Year-End Bonus 126,092,756.70 - 126,092,756.70
Cash Gift 11,526,750.00 - 11,526,750.00
Other Bonuses 108,932,750.00 - 108,932,750.00
and Allowances

26
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Total Other 311,959,852.44 - 311,959,852.44
Compensation
Retirement and 79,170,440.44 - 79,170,440.44
Life Insurance
Premiums
PAGIBIG 2,406,100.00 - 2,406,100.00
Contributions
PHILHEALTH 12,364,958.33 - 12,364,958.33
Contributions
Total Personnel 93,941,498.77 - 93,941,498.77
Benefit
Contributions
Terminal Leave 24,217,169.02 - 24,217,169.02
Benefits
Other Personnel 5,000.00 - 5,000.00
benefits
Total Other 24,222,169.02 - 24,222,169.02
Personnel
Benefits
Total Personnel 1,174,952,559.33 - 1,174,952,559.33
Services
Travelling 4,824,802.63 102,553.36 4,927,355.99 Unrecorded
Expenses - Local expenses
and/or prior
period
adjustments
Travelling 1,823,435.99 (189,476.54) 1,633,959.45 Unrecorded
Expenses - expenses
Foreign and/or prior
period
adjustments
Total Traveling 6,648,238.62 (86,923.18) 6,561,315.44
Expenses
Office Supplies 17,442,995.07 (71,671.28) 17,371,323.79 Unrecorded
Expenses expenses
and/or prior
period
adjustments
Accountable 9,967,943.73 - 9,967,943.73
Forms Expenses
Food Supplies 6,614,880.00 756,480.00 7,371,360.00 Unrecorded
Expenses expenses
Drugs and 823,058.64 431,327.18 1,254,385.82 and/or prior
Medicines period
Expenses adjustments
Medical, Dental 5,409,977.34 7,073,578.71 12,483,556.05
and Laboratory
Supplies
Expenses

27
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Fuel, Oil and 3,314,541.46 (6,500.23) 3,308,041.23
Lubricants
Expenses
Semi-Expendable 1,351,315.00 3,020,000.01 4,371,315.01
Expense -
Machinery &
Equipment
Semi-Expendable 1,955,745.00 - 1,955,745.00
Expense –
Furniture &
Fixtures
Other Supplies & 6,007,196.05 (60,740.55) 5,946,455.50
Materials
Expenses
Total Supplies 52,887,652.29 11,142,473.84 64,030,126.13
and Materials
Expenses
Water Expenses 4,652,315.91 7,565.00 4,659,880.91 Unrecorded
expenses
and/or prior
period
adjustments
Electricity 24,653,889.72 - 24,653,889.72
Expenses
Total Utility 29,306,205.63 7,565.00 29,313,770.63
Expenses
Postage and 2,892,490.56 (15,773.00) 2,876,717.56 Unrecorded
Courier Services expenses
and/or prior
period
adjustments
Telephone 7,301,434.30 - 7,301,434.30
Expenses
Internet 93,667,120.46 838,270.48 94,505,390.94 Unrecorded
Subscription expenses
Expenses and/or prior
period
adjustments
Cable, Satellite, 192,251.95 - 192,251.95
Telegraph and
Radio Expenses
Total 104,053,297.27 822,497.48 104,875,794.75
Communications
Expenses
Confidential 10,000,000.00 5,000,000.00 15,000,000.00 Unrecorded
Expenses expenses
and/or prior
period
adjustments
Extraordinary and 279,355.58 - 279,355.58
Miscellaneous

28
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Expenses
Total 10,279,355.58 5,000,000.00 15,279,355.58
Confidential and
Extraordinary
Expenses
Auditing Services 195,403.93 - 195,403.93
Other 484,600.00 1,250.00 485,850.00 Unrecorded
Professional expenses
Services and/or prior
period
adjustments
Total 680,003.93 1,250.00 681,253.93
Professional
Services
Environment/ 358,142.42 - 358,142.42
Sanitary Services
Janitorial Services 25,697,192.02 793,146.11 26,490,338.13 Unrecorded
Security Services 25,557,606.90 3,384,012.58 28,941,619.48 expenses
and/or prior
period
adjustments

Other General 1,720,102.00 - 1,720,102.00

Services
Total General 53,333,043.34 4,177,158.69 57,510,202.03
Services
Repairs and 5,009,475.33 111,837.60 5,121,312.93 Unrecorded
Maintenance – expenses
Buildings and and/or prior
Other Structures period
adjustments
Repairs and 4,078,698.57 280,728.88 4,359,427.45 Unrecorded
Maintenance - expenses
Machinery and and/or prior
Equipment period
Repairs and 3,213,026.96 (1,700.00) 3,211,326.96 adjustments
Maintenance -
Transportation
Equipment
Repairs and 866,850.01 - 866,850.01
Maintenance -
Furniture and
Fixtures
Repairs and 4,834,570.99 - 4,834,570.99
Maintenance -
Leased Assets
Improvements
Total Repairs 18,002,621.86 390,866.48 18,393,488.34
and
Maintenance
Taxes, Duties and 287,437.04 - 287,437.04

29
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Licenses
Fidelity Bond 950,442.00 - 950,442.00
Premiums
Insurance 3,380,629.10 - 3,380,629.10
Expenses
Total Taxes, 4,618,508.14 - 4,618,508.14
Insurance
Premiums and
Other Fees
Advertising 30,000.00 - 30,000.00
Expenses
Printing and 1,895,025.28 - 1,895,025.28
Publication
Expenses
Representation 651,677.68 21,400.50 673,078.18
Expenses
Transportation 100,320.96 - 100,320.96
and Delivery
Expenses
Rent/Lease 17,899,692.82 700,000.00 18,599,692.82
Expenses
Subscription 60,310.46 - 60,310.46
Expenses
Total Other 20,637,027.20 721,400.50 21,358,427.70
Maintenance
and Other
Operating
Expenses
Other Financial 110.00 - 110.00
Charges
Depreciation - 3,105,800.55 (59,784.21) 3,046,016.34
Buildings and
Other Structures
Depreciation – 3,311,324.29 187,121.96 3,498,446.25
Office Equipment
Depreciation – 77,081,252.86 20,958.26 77,102,211.12
ICT Equipment
Depreciation- 241,188.96 - 241,188.96
Military, Police
and Security
Equipment
Depreciation- 12,905.76 (10,601.98) 2,303.78
Medical
Equipment
Depreciation- 218,640.42 (210,945.41) 7,695.01
Other Equipment
Depreciation – 8,655,487.38 - 8,655,487.38
Transportation
Equipment
Depreciation - 225,494.51 312,108.04 537,602.55
Furniture,

30
 In Philippine Peso
Effects of
2022 Restated
Account 2022 Balance Errors Remarks
Balance
(Over)/Under
Fixtures and
Books
Total 92,852,094.73 238,856.66 93,090,951.39
Depreciation
Amortization - 4,194,628.56 5,745.60 4,200,374.16
Computer
Software
Total 4,194,628.56 5,745.60 4,200,374.16
Amortization
Total Non-Cash 97,046,723.29 244,602.26 97,291,325.55
Expenses
Current 1,578,602,453.58 24,016,867.75 1,602,619,321.33
Operating
Expenses
Surplus (Deficit) 2,762,687,856.47 (13,788,345.60) 2,748,899,510.87
from Current
Operations
Subsidy from 1,620,152,778.90 1,744,273.63 1,621,897,052.53
National
Government
Net Financial 1,620,152,778.90 1,744,273.63 1,621,897,052.53
Assistance/
Subsidy
Prior Period 135,538,205.31 (114,990,455.30) 20,547,750.01
Adjustment

8. Cash and Cash Equivalents

Accounts 2023 2022 (as restated)

Cash – Collecting Officers ₱ 43,544,471.73 ₱ 64,109,752.60
Petty Cash 1,565,500.00 845,378.50
Cash in Bank –Local Currency, Current 382,816,264.30 216,520,778.92
Account
Cash in Bank–Local Currency, Savings 162,691,119.67 102,067,996.29
Account
Cash – Treasury/Agency Deposit, Trust 26,247,132.91 27,475,632.98
Total ₱616,864,488.61 ₱411,019,539.29

8.1 Cash – Collecting Officers

Accounts Amount
Legal Research Fees ₱ 1,280,332.74
Express Lane Fees 9,201,244.89
Miscellaneous Income 27,678,342.59
ACR I-Card 6,224,429.01
Cash Bond (841,557.50)

31
 Accounts Amount
Documentary Stamp Taxes 1,680.00
Total ₱43,544,471.73

8.2 Petty Cash

Petty Cash
Date Purpose Balance
Custodian
Immigration 02-Feb-16 PCA for BI-Gen. Santos ₱60,000.00
Officer I Field Office (FO)
Immigration 19-Nov-18 PCA for BI-Cagayan 50,000.00
Officer II De Oro District Office
Immigration 05-Apr-19 PCA for BI-Iligan FO 37,500.00
Officer I
Immigration 29-Apr-19 PCA for BI-Sta Rosa FO 50,000.00
Officer III
Immigration 20-Feb-20 PCA for BI-Glan FO 38,000.00
Officer I
Administrative 28-Jan-21 PCA for BI-FMD for 30,000.00
Officer V Auditing and Other
Expenses
Immigration 11-Feb-21 PCA for BI-General 200,000.00
Assistant Service Section
Immigration 18-Mar-21 PCA for BI-LDS 100,000.00
Officer III
Immigration 6-Apr-21 PCA for BI-Board of 20,000.00
Officer II Special Inquiry
Immigration 1-June-21 PCA for BI-Iloilo 50,000.00
Officer III International Airport
Immigration 04-Mar-22 PCA for BI-Dasmarinas 50,000.00
Officer III Field Office
Immigration 06-Oct-22 PCA for BI-Office of 100,000.00
Officer III the Commissioner
Medical 01-Mar-23 PCA For BI-Medical 50,000.00
Officer III and Dental Section.
Immigration 03-Apr-23 PCA For BI-APOC. 30,000.00
Officer II
Immigration 16-May-23 PCA For BI 100,000.00
Officer III I-PROBES
Intelligence 02-May-23 PCA For BI-Warden 50,000.00
Officer II Facility
Immigration 07-Aug-23 PCA For Office of the 100,000.00
Officer III Commissioner - NAIA
Terminals
Immigration 18-Sep-23 PCA For BI-Property 300,000.00
Officer III Section.
Attorney III 11-Oct-23 PCA For BI-Office of 50,000.00

32
 Petty Cash
Date Purpose Balance
Custodian
the Deputy
Commissioner Viado.
Immigration 06-Dec-23 PCA For BI Davao 50,000.00
Officer I International Airport
Planning 18-Dec-23 PCA For BI Planning 50,000.00
Officer II and Policy Division
Total ₱1,565,500.00

8.3 Cash in Bank- Local Currency, Current Account

The balance is composed of the following accounts maintained at the Land

Bank of the Philippines (LBP).

Account No. Nature of Fund Amount

LBP Current Account No. Seminar Fees collected ₱ 2,506,137.07
0012-1015-20 from travel agencies
(Magallanes Drive,
Intramuros, Manila)
LBP CA No. 0012-1046- Express Lane Fund 380,310,127.23
18 (Same Address) (ELF)
Total ₱382,816,264.30

The balance of the LBP CA No. 0012-1015-20 are collections from seminar
fees paid by travel agencies. Any excess balance at the end of the year will
be deposited to the BTr upon completion of the reconciliation statement.
The latest BRS submitted for this account was as of December 31, 2023.

8.4 Cash in Bank- Local Currency, Savings Account

The balance of ₱162,691,119.67 represents the 100 percent share of

Datatrail from collections of Non-Immigrant ACR I-Card fees. The
collection of Tourist and Non-Immigrant ACR I-Card fees were first
deposited to the Escrow Account maintained at the LBP, Malate Branch, in
compliance with the MOA on Build Operate Transfer (BOT) and
subsequent amendment entered into by and between the BI and Datatrail,
Inc., on a 33 and 67 percent sharing scheme, respectively, on fees collected
for non-immigrant visas while 100 percent of the collection of Immigrant
ACR I-Card fees from immigrant visas goes to the share of proponent
Datatrail, Inc. Remittance to the BTr of their respective shares is done every
16th of the month following the month of collection.

Since CY 2019, all ACR I-Card fees collected from immigrant applicants
were recorded in the books to comply with the accounting standards for

33
 revenue and basic/fundamental principles on financial reporting provided in
Chapter 2, Volume 1 of the GAM for NGAs.

9. Receivables

Account 2023 2022 (as restated)

Loans and Receivable Accounts ₱273,534,044.05 ₱273,824,544.05
Inter-Agency Receivables 11,914,493.80 4,870,491.91
Other Receivables 8,790,990.52 8,791,991.52
Total ₱294,239,528.37 ₱287,487,026.48

Aging of Receivables

Not Past due

Accounts Total Past Total
<30 days 30-60 days
Due
Accounts ₱273,534,044.05 - ₱11,000.00 ₱11,000.00 ₱273,512,044.05
Receivable
Due from 11,914,493.80 - - - 11,914,493.80
National
Government
Agencies
Receivables- 436,459.41 - - - 436,459.41
Disallowanc
es/ Charges
Due from 1,108,187.42 - - - 1,108,187.42
Officers &
Employees
Other 7,246,343.69 - - - 7,246,343.69
Receivables
Total ₱294,239,528.37 - ₱11,000.00 ₱11,000.00 ₱294,217,528.37

9.1 Loans and Receivable Accounts

Administrative
Account Regular Total
Fine
Accounts ₱101,099.00 ₱273,438,000.00 ₱273,539,099.00
Receivable
Less: Allowance (5,054.95) - (5,054.95)
for Impairment
Net Accounts
₱96,044.05 ₱273,438,000.00 ₱273,534,044.05
Receivable

34
 Details of the net Account Receivables are as follows:

Particulars Amount Remarks

a. Commercial Airlines ₱96,044.05 Billing of overtime claims
and Shipping that remained dormant for
Companies 60 years. Request for
write-off by Comm
Andrea Domingo was
returned due to incomplete
records.

Request for write-off was

sent on Jan 30,2020 &
Mar 29,2022 for
reconsideration in
compliance with
recommendation stated in
AOM 2018-007 dated
April 5, 2018
b. Administrative Fines 273,438,000.00 As of Dec 31, 2023, only
from CY 2013-2023 ₱123, 000.00 was
from various Airline collected from airline
companies companies. Most of them
questioned the validity of
the ₱50,000 fine imposed
for violations committed
prior to issuance of
Department Circular No.
026 on June 1, 2016.
Total ₱273,534,044.05

Aging of the Accounts Receivable is presented below:

Age Amount
Less than 1 year ₱ -
More than 1 year to 2 years 268,000.00
More than 2 years to 5 years 109,000.00
More than 5 years 273,157,044.05
Total ₱273,534,044.05

9.2 Inter-Agency Receivables

Due from National Government Agencies of ₱11,914,493.80 net of

adjustments includes the following:

Particular Current Non-Current Total

Balance of advances ₱ - ₱1,794,622.43 ₱1,794,622.43

35
 Particular Current Non-Current Total
to DBM-PS for the
acquisition of IT
hardware and
software/
Machineries /
Equipment and Other
PPE
Balance of advances
to DBM-PS for the
7,285,548.90 - 7,285,548.90
procurement of office
supplies
Additional advances to
DBM-PS for the
- 2,820,487.43 2,820,487.43
renewal of license of
BI databases
Reconciliation
Adjustment in the
- 13,835.04 13,835.04
2004 beginning
balance
Total ₱7,285,548.90 ₱4,628,944.90 ₱11,914,493.80

The amount includes ₱10,159,183.78 by PS-DBM on June 22, 2023 for

validation, which represents the unutilized balance of the Bureau’s advances
as per PS-DBM’s ledger.

9.3 Other Receivables

Account Amount
Receivables – Disallowances/Charges ₱ 436,459.41
Due from Officers and Employees 1,108,187.42
Other Receivables 7,246,343.69
Total ₱8,790,990.52

9.3.1 Receivables – Disallowances/Charges

The balance of ₱436,459.41 pertains to receivable from officers and

employees, as a result of disallowances issued by COA covered by
Notice of Finality of Decision (NFD). The aging of accounts is as
follows:

Age Amount
5 years and less ₱278,536.00
More than 10 years 157,923.41
Total ₱436,459.41

36
9.3.2 Due from Officers and Employees

Due from Officers and Employees consists of: a) receivables from

officials and employees due to PLDT personal calls amounting to
₱16,840.41; and b) due from Marivic Aquino reclassified from Other
Receivables on March 27, 2023 amounting to ₱11,235.09; and c) due
from Mr. Jose Allan Yu (deceased) representing undeposited
collections of Baguio City Field Office amounting to ₱1,080,111.92.

Particulars Amount
PLDT ₱ 16,840.41
Marivic Aquino 11,235.09
Allan Yu (deceased)* 1,080,111.92
Total ₱1,108,187.42

Demand letters were continuously sent out to officers and

employees.

9.3.3 Other Receivables

The balance of ₱7,246,343.69 consists of the following:

Particulars Amount Remarks

a. Contingent Asset- ₱2,370,236.65 Cash Shortage
claims from representing claim of
Accountable Officer former deceased AO
per JEV#41216 dated
September 30, 1996
b. Balance from 173,555.24 No action taken on the
account 8-74-400 accounts due to
converted to Other unavailability of
Receivables on supporting documents
December 31, 1991
c. Balance of Payroll 5,296.23 Balance was
Fund representing reclassified to Other
Cash Advance Receivables pursuant to
granted to former COA's
Disbursing Officer recommendation JEV
no longer connected 2013-04-509
with the Bureau
d. Per CCO Account 4,519,526.70 Per COA's
reclassified to Other recommendation
Receivables contained in FY2012
Audit Report JEV

37
 Particulars Amount Remarks
2013-10-224
e. Receivable from 129,134.37 Receivable for her
Rona Villanueva unfulfilled obligation to
the Bureau JEV 2016-
02-018
f. Unliquidated Cash 48,594.50 Cash Advances from
Advance employees no longer
connected with the
Bureau
Total ₱7,246,343.6
9

The aging of Other Receivables is as follows:

Age Amount
Less than 1 year ₱ -
More than 1 year -
More than 5 years 129,134.37
More than 10 years 7,111,913.09
More than 35 years 5,296.23
Total ₱7,246,343.69

The Bureau was able to secure copies of death certificates of

deceased AOs from the PSA to support the request for authority to
write-off dormant accounts, in compliance with COA
recommendation.

10. Inventories

2022
Account 2023
(as restated)
Inventories Held for Consumption ₱54,567,782.09 ₱27,763,381.75
Semi-Expendable Machinery and 11,789,940.44 9,914,072.00
Equipment
Semi-Expendable Furniture and Fixtures 300,340.00 214,680.00
Total ₱66,658,062.53 ₱37,892,133.75

10.1 Inventory held for Consumption

2022
Account 2023
(as restated)
Office Supplies Inventory ₱ 3,131,446.74 ₱ 717,555.38
Accountable Forms, Plates and
42,273,872.25 19,268,396.19
Stickers Inventory
Drugs and Medicines Inventory - 431,327.18

38
 2022
Account 2023
(as restated)
Medical, Dental and Laboratory
93,757.48 650,194.14
Supplies Inventory
Other Supplies and Materials
9,068,705.62 6,695,908.86
Inventory
Total ₱54,567,782.09 ₱27,763,381.75

The significant increase in Accountable forms account was brought about by

the procurement of Tourist Visa Stickers and Security Stickers amounting to
₱27,900,000.00.

Computation of carrying amount as at year-end:

Inventories carried
Account at lower of cost and
net realizable value
Office Supplies Inventory
Carrying Amount, January 1, 2023 ₱ 715.555.38
Additions/Acquisition during the year 17,998,200.68
Expensed during the year except write-down (15,726,123.87)
Adjustments 141,814.55
Carrying Amount, December 31, 2023 3,131,446.74
Accountable Forms, Plates and Stickers
Inventory
Carrying Amount, January 1, 2023 19,699,723.37
Additions/Acquisition during the year 35,522,550.00
Expensed during the year except write-down (12,983,401.12)
Adjustments 35,000.00
Carrying Amount, December 31, 2023 42,273,872.25
Drugs and Medicines Inventory
Carrying Amount, January 1, 2023 -
Additions/Acquisition during the year 2,010,575.00
Expensed during the year except write-down (2,010,575.00)
Adjustments -
Carrying Amount, December 31, 2023 -
Medical, Dental and Laboratory Supplies
Inventory
Carrying Amount, January 1, 2023 650,194.15
Additions/Acquisition during the year 769,885.50
Expensed during the year except write-down (1,326,322.17)
Adjustments -
Carrying Amount, December 31, 2023 93,757.48
Other Supplies and Materials Inventory
Carrying Amount, January 1, 2023 6,695,908.86

39
 Inventories carried
Account at lower of cost and
net realizable value
Additions/Acquisition during the year 9,344,365.14
Expensed during the year except write-down (8,526,018.39)
Adjustments 1,554,450.01
Carrying Amount, December 31, 2023 9,068,705.62
Total Carrying Amount, December 31, 2023 ₱54,567,782.09

10.1.1 Office Supplies Inventory represents office supplies being consumed

by the Bureau’s officers and employees. Deliveries from PS-DBM
are coursed through to this account while those procured from
private suppliers which are immediately issued upon delivery to end-
users are recorded as outright expense.

10.1.2 Accountable Forms, Plates and Stickers Inventory represents the

cost of manual ORs; Customized Stick-on-Visa; Alien Certificate of
Registration; Certificate of Residence; Special Return Certificate;
Immigration Certificate; and Re-entry Permit. All deliveries received
by the Property Section and immediately issued to various end-users
are taken up as outright expenses.

10.1.3 Drugs and Medicines Inventory and Medical, Dental Laboratory

Inventory represents drugs and medicines and medical supplies
purchased by the Bureau for consumption of officials, employees
and aliens. All deliveries were received by the Property Section and
any consumption is issued by the Medical Section.

10.1.4 Medical, Dental and Laboratories Supplies Inventory represents

procurement of medical supplies such as face masks, face shields,
rubber gloves, personal protective equipment, and alcohol procured
from DBM procurement service virtual store brought about by the
current Pandemic.

10.1.5 Other Supplies and Materials Inventory represents procurement of

supplies and materials not falling under any specific inventory
account held for consumption such as janitorial supplies, general
services supply and ICT supplies.

10.2 Semi-Expendable Machinery and Equipment

2022
Account 2023
(as restated)
Semi-Expendable Office Equipment ₱4,461,702.41 ₱1,688,286.22
Semi-Expendable ICT Equipment 6,041,450.27 4,213,969.60
Semi-Expendable Communications 247,500.00 247,500.00

40
 Equipment
Semi-Expendable Disaster Response 162,787.76 114,400.00
and Rescue Equipment
Semi-Expendable Military, Police 788,000.00 788,000.00
and Security Equipment
Semi-Expendable Other Equipment 88,500.00 2,861,916.18
Total ₱11,789,940.44 ₱9,914,072.00
Inventories carried at
Account the lower of cost and
net realizable value
Semi-Expendable Office Equipment
Carrying Amount, January 1, 2023 ₱ 1,688,286.22
Additions/Acquisition during the year 1,761,967.70
Expensed during the year except write-down (961,000.00)
Adjustments 1,972,448.49
Carrying Amount, December 31, 2023 4,461,702.41
Semi-Expendable ICT Equipment
Carrying Amount, January 1, 2023 4,213,969.60
Additions/Acquisition during the year 9,439,618.67
Expensed during the year except write-down (7,670,938.00)
Adjustments 58,800.00
Carrying Amount, December 31, 2023 6,041,450.27
Semi-Expendable Communication Equipment
Carrying Amount, January 1, 2023 247,500.00
Additions/Acquisition during the year 98,000.00
Expensed during the year except write-down (98,000.00)
Adjustments -
Carrying Amount, December 31, 2023 247,500.00
Semi-Expendable Disaster Response
and Rescue Equipment
Carrying Amount, January 1, 2023 114,400.00
Additions/Acquisition during the year -
Expensed during the year except write-down -
Adjustments 48,387.76
Carrying Amount, December 31, 2023 162,787.76
Semi-Expendable Military, Police & Security
Equipment
Carrying Amount, January 1, 2023 788,000.00
Additions/Acquisition during the year 249,800.00
Expensed during the year except write-down (249,800.00)
Adjustments -
Carrying Amount, December 31, 2023 788,000.00
Semi-Expendable Medical Equipment
Carrying Amount, January 1, 2023 -
Additions/Acquisition during the year 96,580.00

41
 Expensed during the year except write-down (96,580.00)
Adjustments -
Carrying Amount, December 31, 2023 -
Semi-Expendable Other Equipment
Carrying Amount, January 1, 2023 2,861,916.18
Additions/Acquisition during the year 710,320.00
Expensed during the year except write-down (727,870.00)
Inventories carried at
Account the lower of cost and
net realizable value
Adjustments (2,755,866.18)
Carrying Amount, December 31, 2023 88,500.00
Total Carrying Amount, December 31, 2023 ₱11,789,940.44

10.3 Semi-Expendable Furniture and Fixtures and Books

2022
Account 2023
(as restated)
Semi-Expendable Furniture and ₱214,680.00 ₱214,680.00
Fixtures
Books 85,660.00 -
Total ₱214,680.00 ₱214,680.00

Inventories carried at
Account the lower of cost and
net realizable value
Semi-Expendable Furniture & Fixtures
Carrying Amount, January 1, 2023 -
Additions/Acquisition during the year ₱1,687,171.00
Expensed during the year except write- (1,955,745.00)
down
Adjustments 483,254.00
Carrying Amount, December 31, 2023 ₱ 214,680.00
Semi-Expendable Books
Carrying Amount, January 1, 2023 -
Additions/Acquisition during the year 85,660.00
Expensed during the year except write- -
down
Adjustments -
Carrying Amount, December 31, 2023 85,660.00
Total Carrying Amount, December 31, 2023 ₱300,340.00

42
11. Other Current Assets

2022
Particulars 2023
(as restated)
Advances ₱23,324,904.01 ₱16,240,095.08
Prepayments 6,657,215.64 6,834,211.95
Deposits 1,721,482.36 1,721,482.36
Total ₱31,703,602.01 ₱24,795,789.39

11.1 Advances

Advances accounts consist of CA granted to officers and employees for

operating expenses, official travel and specific purpose. The breakdown of
the amount is shown below:

2022
Accounts 2023
(as restated)
Advances to Special Disbursing ₱22,876,710.00 ₱16,003,603.34
Officer
Advances to Officers and 448,194.01 236,491.74
Employees
Total ₱23,324,904.01 ₱16,240,095.08

The age of the Advances accounts is as follows:

Purpose
Age Amount
Special Travel
Not yet due ₱ - ₱ - ₱ -
0 to 30 days 305,000.00 305,000.00 -
31 to 60 days 6,227,707.39 6,003,000.00 224,707.39
61 days to 1 year 597,059.88 568,710.00 28,349.88
Over 1 year 16,195136.74 16,000,000.00 195,136.74
Total ₱23,324,904.01 ₱22,876,710.00 ₱448,194.01

43
 All CA granted to officers and employees for special purposes are recorded
under Advances to Special Disbursing Officer such as training and other
administrative activities in line with the mandate of the Bureau was charged.

11.2 Prepayments

Account 2023 2022 (as restated)

Advances to Contractors ₱3,834,057.10 ₱4,226,387.10
Prepaid Rent 2,118,289.11 2,087,782.46
Prepaid Insurance 504,869.43 320,042.39
Other Prepayments 200,000.00 200,000.00
Total ₱6,657,215.64 ₱6,834,211.95

11.2.1 Advances to Contractors of ₱3,834,057.10 consists of the following:

Date of
Name of Unpaid claim
Amount advance Remarks
Contractor of contractor
payment
LA Dionisio ₱118,486.88 Dec 31, ₱2,151,681.15 The project
2003 has not been
accepted by
the Bureau
as of date.
Nelson Lee 2,803,069.37 Dec. 31, 18,687,129.10 The
Construction 2003 contractor’s
appeal for an
increase in
the contract
price is
pending with
the DOJ
Liberty (943,413.02) June 30, 4,111,400.76 Over
Builders 2007 deduction
from claim
of contractor.
This amount
is due to the
contractor.
E. Olonan & 1,249,024.37 August 9,
-
Associates 2021
RSFM 122,756.29 July 2023
-
Const. Corp.
Maynilad 296,445.71 September
Water 2023 -
Services Inc
GDG 187,687.50 December
Builders
-
2023
Total ₱3,834,057.10 ₱24,950,211.01

44
 11.2.2 Prepaid Rent of ₱2,118,289.11pertains to advance rentals/deposits
required for rented sub-port offices prior to termination of contract.

11.2.3 Prepaid Insurance of ₱504,869.43 pertains to prepaid insurance for

IT equipment, motor vehicles and BI buildings.

11.2.4 Other Prepayments. The balance of ₱200,000.00 pertains to the

prepayment to the Philippine Post Office for metered stamps.

11.3 Deposits

Accounts 2023 2022 (as restated)

Guaranty Deposits ₱1,721,482.36 ₱1,721,482.36
The Guaranty Deposits for CY 2023 consist of the following:

Payee Amount Date

Manila Water Company ₱ 43,980.00 May 15, 2007
MERALCO 18,770.00 Sept. 08, 2009
GSIS 45,000.00 Nov. 30, 2009
BLST – Legaspi 20,000.00 April, 2002
Berthaphil, Inc. (Angeles) 102,960.00 April, 2009
Berthaphil, Inc. (Angeles) 82,368.00 October 2009
Sentin Development Corp-Olongapo City 60,000.00 August, 2009
GSIS 13,500.00 July 2010
Panay Electric Co., Inc.-Iloilo 23,421.95 May 26, 2010
Brusmick Estate-Sta. Rosa 46,200.00 Dec. 2011
Metro Cotabato Water District 3,000.00 January 2012
YMCA- Misamis Oriental 36,000.00 July 2012
Phil Ports Authority-Cagayan 8,708.37 Dec. 2012
Butuan Rural Bank, Inc. 25,447.12 Dec. 2012
Clark Electric District Corp. 14,052.35 October 2013
Government Security Insurance System 767,595.03 April 04, 2017
Philippine Deposit Insurance Corp. 308,266.00 Nov. 28, 2018
Government Security Insurance System 66,170.79 May 8, 2019
First Intramuros BF Condominium Corp. 36,042.75 Sept.16, 2019
Total ₱1,721,482.36

12. Property Plant and Equipment (PPE) accounts

Land Other
Particulars Land Buildings
Improvements Structures
Carrying Amount, Jan. 1, ₱52,680,908.55
₱192,089,649.80 ₱967,922.48 ₱985,445.97
2023
Additions/Acquisitions - - - -
Adjustment/ Reclassification - - - -
Total 192,089,649.80 967,922.48 52,680,908.55 985,445.97
Disposal - - - -
Depreciation 2023 - - (3,011,697.80) (54,872.04)
Impairment Loss - - - -
Carrying Amount, Dec. 31, ₱192,089,649.80 ₱967,922.48 ₱49,669,210.75 ₱930,573.93

45
 Land Other
Particulars Land Buildings
Improvements Structures
2023
Gross Cost 192,089,649.80 967,922.48 973,152.81 1,026,600.00
Accumulated
- - (48,696,057.94) (96,026.07)
Depreciation2023
Impairment Loss - - - -
Carrying Amount, Dec. 31,
₱192,089,649.80 ₱967,922.48 ₱49,669,210.75 ₱930,573.93
2022

Communica
Other Leased Office
Particulars ICT Equipment tions
Assets Equipment
Equipment
Carrying Amount, Jan. 1,
₱3,984,818.39 ₱90,074,634.53 ₱664,334,252.00 ₱4,077,395.72
2023
Additions/Acquisitions - 4,792,087.70 102,632,073.12 -
Adjustment/ Reclassification - - (390,656.00) -
Total 3,984,818.39 95,001,831.50 766,575,669.12 4,077,395.72
Disposal - - -
Depreciation 2023 - (3,443,454.72) (78,593,678.95) -
Impairment Loss - - - -
Carrying Amount, Dec. 31, ₱3,984,818.3
₱ 91,423,267.51 ₱687,981,990.17 ₱4,077,395.72
2023 9
Gross Cost 3,984,818.39 106,649,780.05 1,230,752,608.15 4,077,395.72
Accumulated Depreciation (15,226,512.54)
- -
(2023) (15,226,512.54)
Impairment Loss - - - -
Carrying Amount, Dec. 31, ₱3,984,818.3
₱ 91,423,267.51 ₱687,981,990.17 ₱4,077.395.72
2023 9

Disaster
Military Medical
Particulars Response Other Equipment
Equipment Equipment
Equipment
Carrying Amount, Jan. 1,
₱572,600.00 ₱2,327,648.82 ₱468,042.60 ₱4,271,319.02
2023
Additions/Acquisitions - - 879,206.00 9,186,291.00
Adjustment/ Reclassification - - - -
Total 572,600.00 2,568,837.78 433,351.73 4,271,319.02
Disposal - - - -
Depreciation 2023 - (241,188.96) (18,361,18) (1,678,997.40)
Impairment Loss - - - -
Carrying Amount, Dec. 31,
₱572,600.00 ₱2,086,459.86 ₱1,328,887.42 ₱11,252,211.81
2023
Gross Cost 572,600.00 7,761,755.00 2,126,041.88 13,777,868.83
Accumulated Depreciation
- (5,675,295.14) (797,154.46) (2,525,657.02)
(2023)
Impairment Loss - - - -
Carrying Amount, Dec. 31,
₱572,600.00 ₱2,086,459.86 ₱1,328,887.42 ₱11,252,211.81
2023

Furniture and
Particulars Motor Vehicles Watercrafts Books
Fixtures
Carrying Amount, Jan. 1,
₱65,176,348.25 ₱ 132,336.15 ₱ 43,622,717.58 -
2023
Additions/Acquisitions 930,000.00 - - -
Adjustment/ Reclassification - - (829,943.19) -
Total 66,106,348.25 132,336.15 44,552,359.22
Disposal - - - -

46
 Furniture and
Particulars Motor Vehicles Watercrafts Books
Fixtures
Depreciation 2023 (11,762,221.92) - (205,580.76) -
Impairment Loss - - - -
Carrying Amount, Dec. 31,
₱54,344,126.33 ₱ 132,336.15 ₱42,587,362.43
2023
Gross Cost 146,060,155.66 2,646,723.00 47,800,828.36 -
Accumulated Depreciation
(91,716,029.33) (2,514,386.85) (5,213,465.93) -
(2023)
Impairment Loss - - - -
Carrying Amount, Dec. 31,
₱54,344,126.33 ₱132,336.15 ₱42,587,362.43
2023

Construction in
Particulars Other PPE Total
Progress
Carrying Amount, Jan. 1, 2023 ₱97,488,838.16 ₱50,000.00 ₱ 1,223,928,717.21
Additions/Acquisitions 11,796,603.33 - 130,216,261.18
Adjustment/ Reclassification - - (1,629,696.00)
Total 109,285,441.52 50,000.00 1,352,515,282.39
Disposal - - -
Depreciation 2023 - 47,500.00 (99,057,553.73)
Impairment Loss - - -
Carrying Amount, Dec. 31, 2023 ₱109,285,441.52 2,500.00 ₱ 1,252,627,954.27
109,
Gross Cost 50,000.00 1,870,514,541.65
285,441.52
Accumulated Depreciation (2023) - (47,500.00) (617,886,587.38)
Impairment Loss - - -
Carrying Amount, Dec. 31, 2023 ₱109,285,441.52 ₱2,500.00 ₱ 1,252,627,954.27

The Land account pertains to the cost of the acquired lot with an area of
6,030 sq. m. located at the Macapagal Avenue, Pasay City and related
expenses incurred amounting to ₱186,224,640.00 and ₱5,865,009.80,
respectively.

The documents needed in the valuation of Intramuros (Main Office),

Batangas and Boracay lots, La Union and Davao Property are still being
secured for proper documentation since some of the above-mentioned lots
are still being coordinated with concerned government agencies for issuance
of title.

12.1 Construction in Progress – Buildings and Other Structures

The account amounting to ₱109,285,441.52 includes: (a) ₱49,316,001.86 for

restoration of the BI Main Building, damaged by fire in 2005 which will be
reclassified to Buildings and Other Structures account upon submission of
certificate of completion by the contractor; (b) ₱14,188,299.00 for
architectural design of the proposed BI building in Macapagal Blvd., Pasay
City; (c) ₱5,524,915.33 for the design, supply and installation of Fire
Protection System at BI Main Office; (d) ₱3,479,134.45 for improvement of

47
 Philippine Immigration Academy in Clark, Pampanga; (e) ₱31,641,950.85
for the Architectural/ Engineering Design Supervision & Construction
Support Services for the construction of the new BI building under Enrique
Olonan & Associates; and (f) ₱5,135,140.03 for the procurement of supply
of labor and materials for replacement of dilapidated roofing at the BI Main
Office under RFSM Construction Corporation

12.2 Accumulated Depreciation

The breakdown of Accumulated Depreciation is shown below:

Particulars Amount
Buildings ₱ 49,792,251.67
Other Structures 96,026.07
Office Equipment 16,446,385.22
ICT Equipment 546,391,376.37
Military, Police and Security Equipment 5,675,295.14
Medical Equipment 749,557.83
Other Equipment 1,683,177.41
Motor Vehicles 91,716,029.33
Watercrafts 2,514,386.85
Furniture and Fixtures 5,731,613.06
Other PPE 47,500.00
Total ₱654,508,935.99

13. Intangible Assets

Particulars Software
Carrying Amount, January 1, 2023 ₱71,480,290.16
Additions – Internally Developed
Additions – Purchased/Acquired thru exchange on non-
18,987,323.82
exchange transaction
Adjustment/ Reclassification (1,139,921.29)
Total 89,327,692.69
Disposal -
Amortization 2023 (7,985,544.12)
Impairment Loss -
Carrying Amount, December 31, 2023 ₱81,342,148.57
Gross Cost 96,649,494.06
Accumulated Amortization (including accumulated
(15,307,345.49)
impairment loss)
Carrying Amount, December 31, 2023 ₱81,342,148.57

14. Other Non-Current Assets

Particulars 2023 2022 (as restated)

48
15. Financial Liabilities

2023 2022 (as restated)

Particulars Non- Non-
Current Current
Current Current
Accounts Payable ₱8,540,411.44 - ₱14,097,049.91 -
Due to Officers and
- - - -
Employees
Total ₱8,540,411.44 - ₱14,097,049.91 -

15.1 Accounts Payable of ₱8,540,411.44 which remained unpaid as of December

31, 2023 are as follows:

Age Amount
Current 90 days and below ₱ 7,623,371.31
91-365 days 917,040.13
Over 1 year -
Over 2 years -
Past Due (for adjustment) Over 3 years -
Total ₱ 8,540,411.44

16. Inter-Agency Payables

2023 2022 (as restated)

Particulars Non- Non-
Current Current
Current Current
Due to BIR ₱14,497,949.58 - ₱12,975,879.94 -
101 (3,099,105.57) - 104,818.79 -
Express 17,101,154.20 - 12,376,840.20 -
Documentary
1,680.00 - - -
Stamps
Tax Refund
494,220.95 - 494,220.95 -
Payable
Due to GSIS 10,851,654.54 - 15,669,779.03 -
Due to Pag-IBIG 142,224.09 - 2,526,318.45 -
Due to PhilHealth 571,851.33 - 2,662,258.76 -
Due to NGAs -
1,762,382.36 - 331,117.22 -
UP-LRF
Total ₱27,826,061.90 - ₱34,165,353.40 -

16.1 The balance of Due to BIR account of ₱14,497,949.58 was remitted to BIR
in January 2024.

49
 16.2 The balance of Due to GSIS account of ₱10,851,654.54 was remitted to
GSIS in January 2024.

16.3 The balance of Due to Pag-ibig account of ₱142,224.09 was remitted to

HDMF in January 2024.

16.4 The balance of Due to PhilHealth account of ₱571,851.33 was remitted to

PhilHealth in January 2024.

16.5 The balance of Due to Other NGAs account of ₱1,762,382.36 are collections
for the Legal Research Fund due to the University of the Philippines Law
Center was remitted in January 2024.

17. Trust Liabilities

2023 2022 (as restated)

Particulars Non- Non-
Current Current
Current Current
Bail Bonds Payable: ₱166,518,419.34 - ₱238,156,825.83 -
Guaranty/Security
Deposits Payable:
88,608,599.52 - 5,376,923.80 -
Regular 6,700,501.52 - 5,158,825.80 -
Bidders 140,000.00 - 140,000.00 -
Cash Bond
(OFIS)
78,098.00 - 78,098.00 -
Accreditation 81,690,000.00 - - -
Trust Liabilities-
Express
388,173,627.26 - 101,954,856.07 -
Total ₱643,300,646.12 - ₱345,488,605.70 -

17.1 Guaranty Deposits Payable of ₱6,700,501.52 consists of retention fees on

contracts entered into by the Bureau with various contractors to guaranty
faithful performance of their obligations in the contract, the same are
refundable to the contractor upon final acceptance of project.

ALOBS/
Date Particulars Amount
ROA No.
2009 Liberty Builders 12-012-07 ₱1,143,004.86
2009 e. X -Tend (OR 4443601) JEV 2010-01- 1,496,250.00
004
2010 Oscan Builders Ck #2019353/ 5,000.00
alobs CA11-
3209
June-2013 Laser Marks Ck # 2144961/ 154,783.20
CA0225-13
Dec-2013 Zenshin System Corp. Ck #938571 78,098.00
Aug-2017 RCM Construction and 62,303.57
Supply

50
 ALOBS/
Date Particulars Amount
ROA No.
June-2018 Definitive Audio Video 12-494-17 52,999.50
Solution, Inc.
July-2018 Trends and Technologies, 11-150-17 32,989.98
Inc.
Nov-2018 Trends and Technologies, 11-251-17 31,489.98
Inc.
Mar-2019 Palmer-Asia Inc. 12-271-17 548,316.27
Jun-2019 S1 Technologies Inc. CA1-196-19 119,500.00
Dec-2019 Palmer-Asia Inc. 12-271-17 101,673.77
Business Machines
Jun-2020 9-443-19 19,061.43
Corporation
Solid Business Machines ADA
Oct-2020 22,165.00
Center Inc. 9920200452
Oct-2020 Mendo Enterprises 8-307-19 9,018.00
Oct-2020 Mzr Builders 8-306-19 13,461.85
Sep-2021 NERA Phils. 2021-09-236 11,708.07
Nov-2021 E. Olonan and Associates 2021-11-188 33,507.32
Dec-2021 E. Olonan and Associates 2021-12-514 66,614.64
Apr-2022 E. Olonan and Associates ADA 33,307.32
9920220302
Jun-2022 E. Olonan and Associates ADA 33,307.32
9920220501
Jun-2022 Otus Copy Systems, Inc For Adjustment (20,134.50)
Aug-2022 Maximum Solutions Corp. PS19-09-37 122,000.00
Aug-2022 Radenta Technologies Inc. CA-12-06-20 537,573.13
Sep-2022 Control House International 12-429-21 28,888.88
Supplies
Sep-2022 E. Olonan and Associates 33,307.32
5Oct-2022 Tekzone Computer Sales & CA-12-10-21 21,000.00
Services Inc
Nov-2022 E. Olonan and Associates 49,960.98
Apr 2023 Guard-All Electronic ADA 84,000.00
Security Systems, Inc. 9920230413
May 2023 ACMI Office Systems ADA99202304 152,560.00
Philippines, Inc. 72
Jun 2023 Secur Links Network and ADA 49,920.00
Technologies, Inc. 9920230590
Jun 2023 APEX Office Supplies & ADA 19,250.00
Equipment Trading 9920230609
Jul 2023 Secur Links Network and ADA 48,880.00
Technologies, Inc. 9920230809
Aug 2023 Tekzone Computer Sales and ADA 299,000.00
Service, Inc. 9920230884
Sep 2023 Maroonstudios Inc. ADA 27,992.95
9920230954
Sep 2023 Ascent Solutions Philippines, ADA 27,440.00
Inc. 9920230996

51
 ALOBS/
Date Particulars Amount
ROA No.
Sep 2023 Enrique Olonan and ADA 66,614.63
Associates 9920231008
Sep 2023 Radenta Technologies Inc. ADA 79,987.32
9920231024
Sep 2023 Tekzone Computer Sales and ADA99202310 169,900.00
Service, Inc. 33
Sep 2023 Sien Essel Enterprises Inc. ADA 13,000.00
9920231061
Oct 2023 Tekzone Computer Sales and ADA 170,002.80
Service, Inc. 9920231120
Nov 2023 Secur Links Network and ADA 49,800.00
Technologies, Inc. 9920231255
Dec 2023 Radenta Technologies Inc. ADA 361,265.78
9920231352
Dec 2023 EGM Systems Global ADA 19,908.80
Technologies, Inc. 9920231413
Dec 2023 RFSM Construction ADA 51,351.40
Corporation 9920231533
Dec 2023 Mendo Enterprises ADA 14,682.85
9920231501
Dec 2023 Joneco Tech Marketing ADA 103,483.50
9920231564
Total ₱6,700,501.52

17.2 In compliance with Audit Recommendation, bond for Accreditation of

travel agencies amounting to ₱81,690,000.00 was reclassified from Bail
Bonds Payable to Guaranty/Security Deposits Payable.

17.3 The account Trust Liabilities consists of 89 percent of the total collection of
Express Lane Fees (ELF). This account is credited upon receipt of the
Express Lane collections and debited upon payment of authorized
disbursements chargeable against the ELF (salaries of job order employees
and augmentation pay of organic and contractual employees).

18. Other Payables

2023 2022 (as restated)

Particulars Non- Non-
Current Current
Current Current
Other Payables ₱128,553,496.89 - ₱93,682,682.20 -

18.1 The account Other Payables of ₱128,553,496.89 consist of various

miscellaneous payables: ACR I-Card collection from non-immigrants
payable to Datatrail Inc.; employees’ contributions/payment of personal
loans that remained unremitted to the employees’ multi-purpose cooperative
and association as of year-end; refund of immigration fees paid upon receipt

52
 of the corresponding Notice of Cash Allocation from the DBM; LBP Mobile
Loan Saver for employees deducted from their monthly basic salaries.

Nature Amount
Collection of ACR I-Card fees due for remittance to
₱116,081,609.50
Datatrail
Cancelled/stale checks subject to replacement, net of
156,034.57
miscellaneous
BI Cooperative 4,178,676.88
BI Buklod–Employee Association 7,876,899.99
Legalization Fees 31,673.21
LBP- Mobile Loan Saver 228,602.74
Total ₱128,553,496.89
19. Deferred Credits/Unearned Revenue

2023 2022 (as restated)

Particulars
Current Non-Current Current Non-Current
Other Deferred
Credits
- ₱273,438,000.00 - ₱273,728,500.00

The account Other Deferred Credits amounting to ₱273,438,000.00 represents

unpaid administrative fines which were imposed to various airlines for bringing to
the Philippines, passengers who were not properly documented in violation of
Section 44(c) of Comm. Act No. 613 (PIA of 1940), as amended. Upon collection
of the receivable, the income account is credited. Subsequently, a JEV is drawn to
debit the Other Deferred Credits and credit the Accounts Receivable.

The Bureau promulgated revised guidelines in the imposition of administrative

fines for all airline and shipping companies and other concerned thru an
Immigration Administrative Order, subject to the approval of the Secretary of
Justice. The Immigration Administrative Order is currently for review by the
DOJ. The Bureau will follow up the said order to effect implementation
immediately upon approval.

20. Tax Revenue

Particulars 2023 2022 (as restated)

Tax Revenue
Immigration Tax ₱143,137,500.00 ₱78,344,277.00

The significant increase in tax revenue is due to continuous influx of foreign

nationals arriving in the Philippines.

21. Service and Business Income

53
 Particulars 2023 2022 (as restated)
Service Income
Clearance and Certification Fees 917,741,910.00 555,545,886.00
Express Lane Fees 230,494,915.62 167,268,838.64
Passport and Visa Fees 49,151,200.00 44,156,100.00
Processing Fees 1,198,469,840.00 825,915,240.00
Fines and Penalties-Service Income 549,028,240.00 501,707,150.00
Other Service Income 3,185,420,288.72 2,169,159,608.09
Other Gains 11,781,046.55 4,087,489.89
Sub-total ₱6,142,087,440.89 ₱4,267,840,312.62
Business Income
Affiliation Fees 2,711,500.00 3,052,500.00
Seminar/Training Fees 4,220,000.00 598,000.00
Interest Income 158,894.97 72,016.39
Fines and Penalties - Business Income 491,309.10 1,611,726.19
Sub-total ₱ 7,581,704.07 ₱ 5,334,242.58
Grand Total ₱6,149,669,144.96 ₱4,273,174,555.20

The increase in Service and Business Income is due to continuous influx of

foreign nationals arriving in the Philippines.

22. Service and Business Income

In compliance with Audit Recommendation, Seminar Fees paid by travel agencies

were reclassified from Bail Bonds Payable –Seminar Fees to Income from
Seminar Fees.

23. Share, Grants and Donations

Particulars 2023 2022 (as restated)

Income from Grants and Donations in Kind ₱ 3,609,664.02 -

This account includes ICT Equipment and Semi Expendable ICT Equipment
donated by The Commonwealth of Australia as represented by the Department of
Home Affairs and Warsash Scientific Party Ltd dated May 30, 2023.

24. Personnel Services

Particulars 2023 2022 (as restated)

Salaries and Wages ₱ 849,615,959.56 ₱ 744,829,039.10
Other Compensation 354,378,088.27 311,959,852.44
Personnel Benefit Contribution 128,531,246.32 93,941,498.77
Other Personnel Benefits 16,928,836.73 24,222,169.02
Total ₱ 1,349,454,130.88 ₱ 1,174,952,559.33

24.1 Salaries and Wages

54
 Particulars 2023 2022(as restated)
Salaries and Wages-Regular ₱788,911,401.35 ₱704,822,460.58
Salaries and Wages-Contractual 60,704,557.21 40,006,578.52
Total ₱849,615,959.56 ₱744,829,039.10

24.2 Other Compensation

Particulars 2023 2022 (as restated)

Personal Economic Relief Allowance
₱52,723,273.26 ₱48,948,870.43
(PERA) - Regular
Personal Economic Relief Allowance
(PERA) -Contractual
4,264,642.28 3,014,332.65
Representation Allowance (RA) 634,125.00 604,860.00
Clothing/Uniform Allowance 13,524,000.00 12,504,000.00
Service Recognition Incentives 49,297,000.00 45,663,000.00
Productivity Enhancement Incentive 12,382,500.00 11,388,500.00
Collective Negotiation Agreement
Incentive-Civilian
66,785,350.00 51,881,250.00
Honoraria 648,651.78 335,532.66
Hazard Pay - -
Cash Gift 12,407,000.00 11,526,750.00
Year-End Bonus 141,711,545.95 126,092,756.70
Total ₱354,378,088.27 ₱311,959,852.44

24.3 Personnel Benefit Contributions

Particulars 2023 2022 (as restated)

Retirement and Life Insurance
₱106,054,571.16 ₱79,170,440.44
Premiums
Pag-IBIG Contributions 3,110,400.00 2,406,100.00
PhilHealth Contributions 19,366,275.16 12,364,958.33
Total ₱128,531,246.32 ₱93,941,498.77

24.4 Other Personnel Benefits

Particulars 2023 2022 (as restated)

Terminal Leave Benefits ₱15,035,336.73 ₱24,217,169.02
Other Personnel Benefits 1,893,500.00 5,000.00
Total ₱16,928,836.73 ₱24,222,169.02

25. Maintenance and Other Operating Expenses

2022 (as
2023
Particulars restated)
Traveling Expenses ₱15,228,208.66 ₱ 6,561,315.44
Training and Scholarship Expenses 18,397,538.83 7,753,083.78

55
 2022 (as
2023
Particulars restated)
Supplies and Materials Expenses 71,630,591.17 64,030,126.13
Utility Expenses 35,288,681.76 29,313,770.63
Communications Expenses 113,562,368.66 104,875,794.75
Confidential, Intelligence and 15,072,090.58 15,279,355.58
Extraordinary Expenses
Professional Services 3,509,612.38 681,253.93
General Services 57,150,950.02 57,510,202.03
Repairs and Maintenance 12,549,552.30 18,393,488.34
Taxes, Insurance, Premiums and Other 5,025,392.60 4,618,508.14
Fees
Other Maintenance and Operating 24,335,744.16 21,358,427.7004
Expenses
₱330,375,326.4
Total ₱371,750,731.15 5
25.1 Traveling Expenses

2022
Particulars 2023
(as restated)
Traveling Expenses - Local ₱ 9,666,236.11 ₱4,927,355.99
Traveling Expenses - Foreign 5,561,972.55 1,633,959.45
Total ₱15,228,208.66 ₱6,561,315.44

The significant increase in travelling expenses is connected to Trainings and

GAD related activities held nationwide for all BI employees.

25.2 Training and Scholarship Expenses

Particulars 2023 2022 (as restated)

Training Expenses ₱18,397,538.86 ₱7,753,083.78

The significant increase in Training Expenses account is a result of in-house

trainings and seminars conducted for newly hired Immigration Officers,
continuous enhancement of employees’ knowledge and skills, trainings for
ISO awareness for retention of its Certification as well as training that will
empower and motivate employees.

25.3 Supplies and Materials Expenses

Particulars 2023 2022 (as restated)

Office Supplies Expenses ₱19,296,892.78 ₱17,371,323.79
Accountable Forms Expenses 12,983,401.12 9,967,943.73
Food Supplies Expenses 6,218,460.00 7,371,360.00
Drugs and Medicines Expenses 2,010,575.00 1,254,385.82

56
 Particulars 2023 2022 (as restated)
Medical, Dental and Laboratory 1,324,960.56
12,483,556.05
Supplies Expenses
Fuel, Oil and Lubricants Expenses 4,156,787.84 3,308,041.23
Semi-Expandable Expenses – 1,379,253.70 1,064,715.00
Office Equipment
Semi-Expandable Expenses - 8,469,008.00 3,020,000.01
Information and Communications
Technology
Semi-Expandable Expenses – 103,600.00 -
Communications Equipment
Semi-Expandable Expenses – Disaster 88,800.00 -
Response and Rescue Equipment
Semi-Expandable Expenses – Military, 249,800.00 25,000.00
Police and Security Equipment
Semi-Expandable Expenses – Medical 96,580.00 261,600.00
Equipment
Semi-Expandable Expenses – Other 735,230.00 -
Equipment
Semi-Expandable Expenses - Furniture 1,955,245.25 1,955,745.00
and Fixtures
Other Supplies and Materials Expenses 12,536,996.92 5,946,455.50
Textbooks and Instructional Materials 25,000.00 -
Expenses
Total ₱71,630,591.17 ₱34,030,126.13

a. Office Supplies Expenses account pertains to cost of office supplies

consumed/issued to Main Office, Airport Terminals, and Sub-port
offices, including office supplies expenses charged against cash
advances.

b. Drugs and Medicines Expenses account represents consumption of

Drugs and Medicines Inventory and purchases recorded as outright
expenses.

c. Medical, Dental and Laboratory Supplies Expenses represents issuances

of medical, dental and laboratory supplies as well as purchases recorded
as outright expenses.

d. Other Supplies and Materials Expenses account represents purchases of

other supplies and materials recorded as an outright expense. Other
supplies include, among others, expenses arising from liquidation of
cash advances, Petty Cash Funds, and reimbursement of supplies
expenses not classified under the specific inventory expense account.

25.4 Utility Expenses

57
 Particulars 2023 2022 (as restated)
Water Expenses ₱ 9,332,771.48 ₱ 4,659,880.91
Electricity Expenses 25,955,910.28 24,653,889.72
Total ₱35,288,681.76 ₱29,313,770.63

25.5 Communications Expenses

2022
Particulars 2023
(as restated)
Postage and Courier Expenses ₱ 3,270,254.90 ₱ 2,876,717.56
Telephone Expenses 6,960,588.78 7,301,434.30
Internet Subscription Expenses 103,133,348.16 94,505,390.94
Cable, Satellite, Telegraph and 198,176.82 192,251.95
Radio Expenses
₱104,875,794.7
₱113,562,368.66
Total 5

The increase in Internet Subscription is a result of modernization of

transactions such as Online Payment Scheme.

25.6 Confidential, Intelligence and Extraordinary Expenses

Particulars 2023 2022 (as restated)

Confidential Expenses ₱15,000,000.00 ₱15,000,000.00
Extraordinary and Miscellaneous 279,355.58
72,090.58
Expenses
Total ₱15,072,090.58 ₱15,279,355.58

25.7 Professional Services

Particulars 2023 2022 (as restated)

Auditing Services ₱ 235,298.93 ₱195,403.93
Other Professional Services 3,274,313.45 485,850.00
Total ₱3,509,612.38 ₱681,253.93

The increase in professional services was brought about by the relocation of

the Electronic Gates (E-Gates) to NAIA Terminal 3 due to the closure of
NAIA Terminal 2.

25.8 General Services

Particulars 2023 2022 (as restated)

Environment/Sanitary
₱ 757,819.75 ₱ 358,142.42
Services
Janitorial Services 23,146,451.39 26,490,338.13

58
 Particulars 2023 2022 (as restated)
Security Services 32,596,678.88 28,941,619.48
Other General Services 650,000.00 1,720,102.00
Total ₱57,150,950.02 ₱57,510,202.03

25.9 Repairs and Maintenance

Particulars 2023 2022 (as restated)

Repairs and Maintenance –
₱ 748,197.19 ₱ -
Infrastructure Assets
Repairs and Maintenance –
1,205,294.62 5,121,312.93
Buildings and Other Structures
Repairs and Maintenance -
1,970,145.89 4,359,427.45
Machinery and Equipment
Repairs and Maintenance -
2,502,645.58 3,211,326.96
Transportation Equipment
Repairs and Maintenance -
62,482.00 866,850.01
Furniture and Fixtures
Repairs and Maintenance - Leased
6,060,787.02 4,834,570.99
Assets Improvements
Total ₱12,549,552.30 ₱18,393,488.34

25.10 Taxes, Insurance, Premiums and Other Fees

Particulars 2023 2022 (as restated)

Taxes, Duties and Licenses ₱ 190,236.66 ₱ 287,437.04
Fidelity Bond Premiums 1,145,923.01 950,442.00
Insurance Expenses 3,689,232.93 3,380,629.10
Total ₱5,025,392.60 ₱4,618,504.14

25.11 Other Maintenance and Operating Expenses

Particulars 2023 2022 (as restated)

Advertising. Promotional and ₱ - ₱ 30,000.00
Marketing Expenses
Printing and Publication 1,137,473.60 1,895,025.28
Expenses
Representation Expenses 1,518,645.53 673,078.18
Transportation and Delivery 244,413.26 100,320.96
Expenses
Rent/Lease Expenses 21,067,881.90 18,599,692.82
Membership Dues &
Contribution to 135,072.00 -
Organizations

59
 Particulars 2023 2022 (as restated)
Subscription Expenses 231,057.87 60,310.46
Other Maintenance and 1,200.00
-
Operating Expenses
Total ₱24,335,744.16 ₱21,358,427.70

Other Maintenance and Operating Expenses account represents all other

operating expenses incurred not falling under any of the specific
maintenance and other operating expenses account.

26. Financial Expenses

Particulars 2023 2022 (as restated)

Other Financial Charges - ₱ 110.00

27. Non-Cash Expenses

Particulars 2023 2022 (as restated)

Depreciation – Property, Plant and
₱ 99,057,553.73 ₱93,090,951.39
Equipment
Amortization – Computer Software 7,985,544.12 4,200,374.16
Total ₱107,043,097.85 ₱97,291,325.55

27.1 Depreciation

Particulars 2023 2022 (as restated)

Depreciation – Buildings ₱ 3,011,697.80 ₱ 3,046,016.34
Depreciation – Other Structures 54,872.04 -
Depreciation– Office Equipment 3,443,454.72 3,498,446.25
Depreciation– ICT Equipment 78,593,678.95 77,102,211.12
Depreciation– Military, Police
241,188.96 241,188.96
and Security Equipment
Depreciation – Medical
18,361.18 2,303.78
Equipment
Depreciation – Other Equipment 1,678,997.40 7,695.01
Depreciation – Motor Vehicles 11,762,221.92 8,655,487.38
Depreciation– Furniture and
205,580.76 537,602.55
Fixtures
Depreciation– Other Plant,
47,500.00 -
Property and Equipment
Total ₱99,057,553.73 ₱93,090,951.39

27.2 Amortization

60
 Particulars 2023 2022 (as restated)
Amortization – Computer
₱7,985,544.12 ₱4,200,374.16
Software

28. Net Financial Assistance/Subsidy

This account consists of Notice of Cash Allocation (NCA) received from the
DBM for CY 2023 covering the regular operating requirement of the Bureau,
terminal leave benefits of the retirees, and Tax Remittance Advices (TRAs) issued
to BIR, and details are as follows:

Regular Operating Requirement 2023 2022 (as restated)

Notice of Cash Allocation (NCA) ₱1,872,763,294.00 ₱1,735,967,618.00
Tax Remittance Advice (TRA) 62,459,015.46 63,019,396.11
Total Subsidy from National 1,935,222,309.46 1,798,987,014.11
Government
Reversion of unused NCA (7,401,126.33) (181,429,461.38)
Other Adjustments (786,891.14) 4,339,499.80
Subsidy from National Government –
₱1,927,034,291.99 ₱1,621,897,052.53
Net

29. Related Party Transaction

Key Management Personnel

The key management personnel of the BI are the Commissioner and two Deputy
Commissioners which constitute the Board of Commissioners who are all
appointed by the President.

30. Supporting Information to the Summary of Allotment, Obligations and

Balances

Unexpended
Category Adjusted Allotment Obligations
Balance
PS ₱1,352,366,954.00 ₱1,352,344,454.22 ₱ 22,499.58
MOOE 551,050,553.96 524,183,138.32 26,867,415.64
CO 110,865,829.35 105,275,460.00 5,590,369.35
Total ₱2,231,588,791.31 ₱2,199,108,506.34 ₱32,480,284.97

61