MEGAWORLD NEWPORT PROPERTY HOLDINGS, INC.

(A Wholly Owned Subsidiary of Megaworld Corporation)

STATEMENTS OF CASH FLOWS
FOR THE PERIOD ENDED November 30, 2015 AND November 30, 2014
(Amounts in Philippine Pesos)

November 30, 2015

CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
Adjustments for:
Depreciation and amortization
Interest income
Operating profit before working capital changes

Decrease /(Increase) in trade and other receivables

Decrease /(Increase) in prepayments and other current assets
Decrease /(Increase) in other non-current assets
Increase / (Decrease) in trade payables and accrued expenses
Increase / (Decrease) in other current liabilities
Cash used in operations

Cash paid for income taxes

Net Cash Generated from (Used) in Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisitions of property and equipment
Interest received
Net Cash from Investing Activities
CASH FLOWS FROM FINANCING ACTIVITY
(Increase) decrease in advances from related parties

NET INCREASE (DECREASE) IN CASH

AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS
AT END OF YEAR

See Notes to Financial Statements.

, 2014

November 30, 2014