You are on page 1of 9

Miguel Corporation and Subsidiaries Consolidated Statement of Financial Position As of December 2014 and 2013 .

41 38. 9. 34. 33.006 ASSETS Current Assets Cash and cash equivalents Trade and other receivables .427 4. 18.036 168.798 539. 15. 40. 41 19.846 83.606 P191.217. 40. 12.current portion Income and other taxes payable Dividends payable Current maturities of long-term debt .068 677.764 .807 354.net Inventories Current portion of biological assets .net Prepaid expenses and other current assets Assets held for sale 8. 41 16.973 1. 35. 41 121. 5.050 P1.546 Deferred tax assets Other noncurrent assets . 33. 40. 35.net of current portion 4. 34 453. 41 170.690 5. 38 45. 40.643 4. 23. 18.Note 2014 2013 5.088 33. 34.net Total Noncurrent Assets LIABILITIES AND EQUITY Current Liabilities Loans payable Accounts payable and accrued expenses Finance lease liabilities .654 5 13. 20. 13 37.208 9.091 13. 41 46. 33. 13. 13 Total Current Assets Noncurrent Assets Investments and advances .net Biological assets .net of debt issue costs Total Current Liabilities Noncurrent Liabilities Long-term debt .752 Other intangible assets . 40. 14. 5.339 8. 22.048 4.net 4.114 36. 5. 13.712 529.net 4. 33.235 489. 21.226 4.459 42. 17 1. 38 41. 24 7.911 Goodwill .411 335. 14. 35.832 4. 40.394 4. 40. 41 P180. 41 12.315 17 3. 5. 39. 40.059 P143.961 425.081 P1.219 15. 10. 5.820 11.544 5. 5.815 681. 16 3.613 4.619 473. 6.net Investment property . 40. 41 41. 40.170.158 468. 33.211 41. 33. 24 14.net of current maturities and debt issue costs Deferred tax liabilities Finance lease liabilities .320 3.376 53. 5.net Available-for-sale financial assets Property. 34. 41 283.111 179.852 42. 5.net of current portion Other noncurrent liabilities Total Noncurrent Liabilities 5.141 4. 41 136. 5.058 33.032 4. 39. 11 85.061 4.427 60. 22. 34. 5.651 15. 40.087 5. plant and equipment . 41 P258. 35.896 480.257 4.176 4.134 3. 40. 36 3.136 264. 33. 19.844 117.608 4.303 13.654 4.

018) (60.692 13.053 12.539 EQUITY IN NET EARNINGS (LOSSES) OF ASSOCIATES AND JOINT VENTURES 13 1. 32.241 COST OF SALES 26 669.728 P3.59 P13. 40.675 P28.385 GROSS PROFIT SELLING AND ADMINISTRATIVE EXPENSES 27 (57. 16.793 116.780) 38. 22.132 P50.970) INTEREST INCOME 31 4.61 3. 42 NET INCOME Attributable to: Equity holders of the Parent Company Non-controlling interests Earnings Per Common Share Attributable to Equity Holders of the Parent Company Basic Diluted 6 37 CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31.255 (967) GAIN ON SALE OF INVESTMENTS AND PROPERTY AND EQUIPMENT 6.012 3. 30.SAN MIGUEL CORPORATION AND SUBSIDIARIES Note 2014 2013 SALES 33 P782. 18. 14.284 3. 8. 15. 34 (29.641 631. 13.856 112.700 P28.Net 14.416 54.710) (30.971) INTEREST EXPENSE AND OTHER FINANCING CHARGES 20.728 P14. 2014 and 2013 . 41 6.43 13.434 P748. 19 777 41.192 OTHER INCOME (CHARGES) .36 INCOME BEFORE INCOME TAX INCOME TAX EXPENSE 24.428 10.307 (13.132 P50.440 P38.

SAN MIGUEL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31.132 P50.728 . 2014. 2013 Note NET INCOME OTHER COMPREHENSIVE INCOME (LOSS) 2014 2013 P28.

016) 2. 2014 and 2013 Equity Attributable to Equity Holders of the Parent Company Capital Stock Additional Paid-in Revaluation Reserve for Retirement Cumulative Translation Adjustments Translation Fair Value Retained Earnings Appro- Unappro- Treasury Stock Noncontrolling Total .109) 1.013 P38.ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS Equity reserve for retirement plan Income tax benefit (expense) Share in other comprehensive income (loss) of associates and joint ventures .767 (10) (1.701) ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS Gain (loss) on exchange differences on translation of foreign operations Net gain (loss) on available-for-sale financial assets Income tax benefit (expense) (522) (810) 17 14 OTHER COMPREHENSIVE INCOME (LOSS) .985 (592) (480) 913 219 1.694 P24.889 P24.Net of tax Attributable to: Equity holders of the Parent Company Non-controlling interests 6 1.233 13 175 (2.923 14.315) 1.976 (4.116 P53.Net of tax TOTAL COMPREHENSIVE INCOME .103 12.net 35 (4.617 P12.116 P53.617 See Notes to the Consolidated Comprehensive Income SAN MIGUEL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31.

314) (11.256 (P67.443) .788) P252.522 (P491) P27.103 7 12.688 P348.net Equity reserve for retirement plan Net loss on available-for-sale financial assets Common Preferred Capital Increment Plan Reserve Reserve priated priated Common Preferred Total Interests Equity P16.475 (P67.360 (3) - - - Equity Attributable to Equity Holders of the Parent Company Common Preferred Additional Paid-in Capital P16.977) (899) - (786) - - - - (786) (7) (793) (8) - (604) - - 14.408 P10. 13 Appropriations .329) (6. 2013 Gain (loss) on exchange differences on translation of foreign operations Share in other comprehensive income (loss) of associates and joint - - - Revaluation Increment P1.414 P10.876) 83 - - - - - - - - - - - - - - - - - - 23. 2014 Loss on exchange differences on translation of foreign operations Share in other comprehensive income (loss) of associates and joint ventures .420) - - - - - - - - (4.336) (1.692 - - - 12.187 P177.692 (1.762 Capital Stock Note As of January 1.788) P237.116 7 73 - 83 - 175 Other comprehensive loss Net income Total comprehensive income (loss) Issuance of common shares 25 Conversion of exchangeable bonds from treasury shares 25 Net addition to noncontrolling interests and others 5.085 P764 P862 P4.303) (4.810) (2.013 - 24.166) (P72.777 - - - - - (8) - - - - - (8) (514) 13 - - - - - 35 - - - - 14 - - - - - - - - (1.net 25 Cash dividends and distributions: 36 Common Preferred Undated subordinated capital securities 1 (1.427) 13.106) (7.139) (8.977) - 10 - (522) - 182 - - - - 182 (7) - - - - - - (1.662 219 Treasury Stock - Preferred - (1.937 1.589) 14.977) - - 6 - (1.329) (6.467 - Reserve for Retirement Plan (P176) - Cumulative Translation Adjustments Retained Earnings Translation Reserve Fair Value Reserve Appropriated Unappropriated Common P5.303) 23.692 - - (2.707 P128.443) - - - Total Noncontrolling Interests Total Equity (P72.079 P784 P28.858 (23.106) - - (3. 6.187 P178.363 - - - - - - - (3.Note As of January 1.977) - (2.219 P154.132 (8) - (604) - - 14.440 (4.230 P138.858) - - (3) - 23.016) 28.249 P96.070 P365.

889 50.674) (1.019 12.085 (703) - P764 P862 - - - - (481) 1 (480) - - - - 1. 13 Appropriations .299) - - (3.187 P178.671) (2.net Equity reserve for retirement plan Net gain on available-forsale financial assets 13 - - - - - - 35 - - - - 1.053 - - - 38.393 1.617 69 485 - 668 - 668 (315) - - (315) 77 - (315) 77 - - (703) (42.net 25 Property dividends 13.756 1 1.694 - 53.070 P365.053 2.230 P138.728 (1. 2013 25 6 P16.299) 27.675 2.011 - (1.299) - - - - - - - - (3.011) (42.038 355 1.329) (7.ventures .443) - 1. 32 Cash dividends and distributions: 36 Common Preferred Undated subordinated capital securities As of December 31.186 - 26.414 77 P10.707 .757 (1.275 - - 38.000) (9.038 - - - 183 - - - - - - - - - - - - - - - - - - - - - 1.674) P128.788) P237.786) - - (1.923 69 14. 6.256 San Miguel Corporation and Subsidiaries Statement of Cash Flows For the Year Ended December 2014 and 2015 (P67.166) - (P72.275 - - 38.079 (481) - P784 P28.038 - - 63 - 1.443) - 1.053 - - 870 38.329) (7.633) - - - - - - - - Other comprehensive income (loss) Net income Total comprehensive income (loss) Issuance of common shares 25 Conversion of exchangeable bonds from treasury shares 25 Cancellation of Employee Stock Purchase Plan reverted to treasury shares 39 Stock options 39 Net addition to noncontrolling interests and others 5.756 - - - - 1.038 - 14 - - - - - - - - - - 1.633) (6.153) (10.483 (42.777 P4.

plant and equipment Payments of other liabilities 38 (302) (512) 13 (6.539) 13 (1.225) Payments of: Proceeds from issuance of Series “2” preferred shares 25 - - Redemption of Series “1” preferred shares 25 - - Consolidated .219) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from: See Notes to the Financial Short-term borrowings 827.417 49.481 3.951) (65.857 13 Decrease (increase) in other noncurrent assets and others Proceeds from sale of investments and property and equipment 6.287) (11.867) (2.439 82.306 85.459 (24. 28 25.769 Long-term borrowings 47. 8.465) Changes in noncash current assets.520 (27. net of cash and cash equivalents acquired Additions to investments and advances Additions to property. 15 (38. 13.323) 66.423) Income taxes paid (11.970 Interest income 31 (4. amortization and others . 15 (777) Equity in net losses (earnings) of associates and joint ventures 967 Gain on sale of investments and property and equipment Operating income before working capital changes (41.710 30.309) (80.825 Interest expense and other financing charges 30 29.416 P54. 16.224 43.428 CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Adjustments for: Depreciation. 15.255) 13.994 Interest and other financing charges paid (21.018 853. 18.net 7.814) 7.370 Short-term borrowings (789.192) 87. 14.314) (26. 19 Interest received Dividends received from associates 13 Net cash flows provided by (used in) investing activities 27.832) Net cash flows provided by operating activities 29.962 3. certain current liabilities and others 38 Cash generated from operations 62.739 CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of subsidiaries.012) (3.777) Long-term borrowings (54.865) - - 2.735) (21.913 72.476 5 3.591 146.191) (865.Note 2014 2013 P38.688 (14.