ALAM CO.

Governor Pack Rd., Baguio City

STATEMENTS OF FINANCIAL POSITION

AS AT DECEMBER 31, 2016, 2015 AND 2014
(In Philippine Peso)

2016 2015 2014

A S S E T S
Current Assets
Cash and Cash Equivalents P 90,000 P 100,000 P 148,000
Marketable Securities 15,000 14,000 10,000
Accounts Receivable 394,000 410,000 383,000
Inventory 596,000 516,000 422,000
Total Current Assets 1,095,000 1,040,000 963,000

Property and Equipment, net 874,000 804,000 460,000

TOTAL ASSETS P 1,969,000 P 1,844,000 P 1,423,000

LIABILITIES AND EQUITY

Current Liabilities
Notes Payable P 290,000 P 295,000 P 290,000
Accounts Payable 94,000 94,000 81,000
Accrued Expenses 116,000 116,000 28,000
Total Current Liabilities 500,000 505,000 399,000

Bonds Payable 400,000 400,000 150,000

TOTAL LIABILITIES P 900,000 P 905,000 P 549,000

Equity
Capital Shares (P5.00 par) 500,000 500,000 500,000
Retained Earnings 569,000 439,000 374,000
TOTAL LIABILITIES AND EQUITY P 1,969,000 P 1,844,000 P 1,423,000
 ALAM CO.
Governor Pack Rd., Baguio City

STATEMENTS OF FINANCIAL PERFORMANCE

FOR THE YEARS ENDED DECEMBER 31 2016, 2015 AND 2014
(In Philippine Peso)

2016 2015 2014

Net Sales P 2,211,000 P 2,106,000 P 1,235,000
Cost of Goods Sold (1,599,000) (1,501,000) (849,000)
Gross Profit 612,000 605,000 386,000
Operating Expenses (292,000) (345,000) (180,000)
Operating Income 320,000 260,000 206,000
Interest Expense (40,000) (40,000) (15,000)
Earnings Before Tax 280,000 220,000 191,000
Income Tax (112,000) (88,000) (76,400)
Earnings After Tax P 168,000 P 132,000 P 114,600