Rules and Laws

RULES
AND
LAWS
ACCOMPLISHMENT
RESOLUTION NO. 01
(SERIES OF 2024)
RESOLUTION RESPECTFULLY REQUESTING HON. CHRISTOPHERSON M. YAP,

CONGRESSMAN 2ND DISTRICT, SOUTHERN LEYTE TO ALLOCATE FUNDS FOR THE
REHABILITATION OF THE FOOTBRIDGE OF BARANGAY MAGATAS, SAINT BERNARD,
SOUTHERN LEYTE.
RESOLUTION NO. 02
(SERIES OF 2024)
RESOLUTION RESPECTFULLY REQUESTING HON. CHRISTOPHERSON M. YAP,

CONGRESSMAN 2ND DISTRICT OF SOUTHERN LEYTE TO ALLOCATE FUNDS FOR THE
CONSTRUCTION OF 2 STOREY BUILDING FOR BARANGAY HALL OF BARANGAY
MAGATAS, SAINT BERNARD, SOUTHERN LEYTE.
RESOLUTION NO. 03
(SERIES OF 2024)
A RESOLUTION APPROVING AND ADOPTING THE THREE (3) YEAR BARANGAY

DEVELOPMENT PLAN (2024-2026) OF BARANGAY MAGATAS, SAINT BERNARD,
SOUTHERN LEYTE.
RESOLUTION NO. 04
(SERIES OF 2024)
RESOLUTION ADOPTING AND APPROVING THE BARANGAY DISASTER RISK REDUCTION

MANAGEMENT PLAN FOR FY 2024 OF BARANGAY MAGATAS, SAINT BERNARD,
SOUTHERN LEYTE
RESOLUTION NO. 05
(SERIES OF 2024)
A RESOLUTION APPROVING AND ADOPTING THE ANNUAL INVESTMENT PLAN FOR CY

2024 OF BARANGAY MAGATAS, SAINT BERNARD, SOUTHERN LEYTE.
Investment Property
 Land held for long term capital
appreciation rather than for
short term sale in the ordinary
course of business.
 Land held for a currently
undetermined future use.
 A building owned by the entity

and leased out under one or more
operating leases.
 A vacant building for lease under
one or more operating leases.
 Property that is being

constructed or developed for
future use as investment
property .
Not-Investment Property
 Property intended for sale in the
ordinary course of business or
property acquired exclusively
with a view to subsequent
disposal soon or for development
and resale.
 Property being constructed or

developed on behalf of third
parties.
 Owner-occupied property and

owner-occupied property awaiting
disposal.
 Leased property to another entity

under a finance lease.
When a certain property is partly investment
property and partly owner-occupied, this
property shall be accounted as follows:
01 If an entity can sell the portions
separately or lease out separately under a
finance lease, an entity shall account for
the portions separately. An entity shall
classify the rented portion under an
operating lease as an investment property
and the owner-occupied portion as
property plant, and equipment.
If an entity cannot sell the portions

02 separately, the property is investment
property only if an entity uses only an
insignificant part of the property for the
production or supply of goods, services
or administrative purposes. If the owner-
occupied portion is significant, an entity
shall classify the entire property as
property, plant and equipment.
 When an entity provides
ancillary services to the
occupants of a property
held, the property is
investment property if the
services are insignificant to
the arrangement as a
whole. Otherwise, an entity
shall classify such as PPE.
An investment property is
recognized when it meets the
definition at an investment property
except:
 Start-up costs
 Operating losses incurred before

the investment property achieves
the planned level of occupancy .
 Abnormal amounts of wasted material,
labor or other resources incurred in
constructing or developing the
property .
 If an investment property is
acquired through the
exchange of non-monetary
asset, the investment
property shall be measured
at fair value. If the acquired
asset is not measured at
fair value, the cost is
measured at the carrying
amount of the asset given
up.
After the initial recognition, an entity may choose either the
cost model or the fair value model. Under the cost model, an
entity shall measure all of its investment property at cost
less any accumulated depreciation and impairment losses
following PAS 16 Property, plant, and equipment. Under the
fair value model, an entity shall measure all of its investment
property at fair value, except in the following cases:
 changes in fair values are recognized in profit or loss,
 depreciable assets classified as investment property

measured under fair value model are not depreciated, and
 if the fair value of an item of investment property cannot

be determined reliably on initial recognition, such item is
subsequently measured under the cost model.
When an entity changes its accounting policy
particularly a change from the cost model to the fair
value, such change is accounted for prospectively.
However, an entity is not permitted to change from
the fair value model to the cost model. Furthermore,
the standard requires all entities to determine the
fair value of investment property whether it uses
the cost model or fair value model. Fair values
determined are used for measurement and disclosure
purposes if the entity uses the fair value model and
for disclosure purposes only if the entity uses the
cost model.
Transfers to, or from, investment property shall be made
by an entity when, and only when, there is a change
in use, evidenced by:
commencement of owner-occupation,
for a transfer from investment property
to owner-occupied property;
commencement of development with a

view to sale, for a transfer from
investment property to inventories;
end of owner-occupation, for a transfer

from owner-occupied property to
investment property; or
commencement of an operating lease to

another party, for a transfer from
inventories to investment property .
THANKS!

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RULES

RESOLUTION RESPECTFULLY REQUESTING HON. CHRISTOPHERSON M. YAP,

RESOLUTION RESPECTFULLY REQUESTING HON. CHRISTOPHERSON M. YAP,

A RESOLUTION APPROVING AND ADOPTING THE THREE (3) YEAR BARANGAY

RESOLUTION ADOPTING AND APPROVING THE BARANGAY DISASTER RISK REDUCTION

A RESOLUTION APPROVING AND ADOPTING THE ANNUAL INVESTMENT PLAN FOR CY

 A building owned by the entity

 Property that is being

 Property being constructed or

 Owner-occupied property and

 Leased property to another entity

If an entity cannot sell the portions

 Operating losses incurred before

 changes in fair values are recognized in profit or loss,

 depreciable assets classified as investment property

 if the fair value of an item of investment property cannot

commencement of development with a

end of owner-occupation, for a transfer

commencement of an operating lease to

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