Some updates on disclosures:

1. Adoption of PFRS for Small Entities (SEs)

"This is regarding disclosure under Note 2 Summary of Significant Accounting Policies "Adoption of
PFRS for Small Entities (SEs)".

Please take note that this disclosure shall only apply to all Companies qualified as Small Entities
under SEC Memorandum Circular No. 5, Series of 2018. Companies qualified as SEs are those total
assets and total liabilities of between P3 million to P100 million.

Companies that qualify as SMEs SHOULD NOT disclosed the said adoption and should retain the old
disclosure applicable to SMEs "Amendments to PFRS for SMEs Effective in 2017 that are Relevant
to Company". SMEs are those Companies with total assets of more than P100 million to P350 million
and total liabilities of more than P100 million to P250 million."

2. Supplemental Information Required by BIR

"To facilitate the preparation of 2018 NFS, the Supplemental Information Required by BIR with respect to
RR 19-2011 shall NO longer be disclosed and presented in NFS since these are already included in the
ITR.

Only RR 15-2010 shall be retained as required disclosures by BIR."