ASSETS:

Current Assets
Cash
Cash Trade and Other Receivables, net
Inventories, net
Prepayments and other asset
Total Current Assets
Non-Current Asset
Long term Receivables. Rentals, and Investment, net
Property, Plant and Equipment, net
Other Assets, net
Total Non-Current Assets
TOTAL ASSETS

LIABILITIES
Current Liabilities
Trade and other Payables
Short term loans
Current portion of long term debt
Dividends Payable
Total Current Liabilities
Non-Current Liabilities
Long term debt, net of current portion
Deferred Tax Liabilities
Provisions and other liabilities
Total Non-Current Liabilities
Equity
Share Capital P1 par value
Share Premium
Treasury Shares
Retained Earnings
Other reserves
Total Equity
TOTAL LIABILITIES AND EQUITY
NET SALES
Sales of Good
Sales Discount and Rebates

COST AND EXPENSES (INCOME)

Cost of Sales
Selling Expenses
General and Administrative Expenses
Other opening income, net

INCOME FROM OPERATIONS

Other Income
Finance income
Finance Expenses
Other non operating income, net

INCOME BEFORE ONE INCOME TAX

PROVISION FOR INCOME TAX

NET INCOME
Pilipinas Shell Petrolum Company
Statement of Financial Position
Horizontal Analysis
As of December 31, 2018

2018 2017

4,455,124.00 6,163,261.00
12,642,825.00 10,865,099.00
19,642,836.00 21,671,210.00
3, 687,782.00 7,176,689.00
40,778,561.00 45,676,295.00

4,659,005.00 4,304,495.00
26,126,715.00 25,434,373.00
6,600,096.00 6,261,887.00
39,387,816.00 36,000,746.00
80,166,377.00 81,877,005.00

2018 2017

25,180,133.00 21,163,783.00
3,261,000.00 4,057,000.00
6,000,000.00
15,622.00 14,216.00
28,456,755.00 31,234,999.00

9,000,000.00 5,000,000.00
693,574.00 702,049.00
3,044,237.00 2,804,569.00
12,737,811.00 8,506,618.00

1,681,058.00 1,681,058.00
26,161,736.00 26,161,736.00
-507,106.00 -507,106.00
11,074,898.00 14,339,453.00
561,225.00 460,247.00
38,972,811.00 42,345,388.00
80,166,377.00 81,877,005.00
 Pilipinas Shell Petroleum Company
Statement of Comprehensive Income
Horizontal Analysis
As of December 31, 2018

2018 2017 2016

223,817,699.00 174,470,235.00 142,075,428
-4,949,023.00 -4,994,423 -5,312,142
218,868,676.00 169,475,812 136,763,286

196,573,873.00 143,070,566 112,461,546

11,644,884.00 11,570,642 10,562,727
2,741,716.00 2,289,417 2,500,333
-583,962.00 -489,417 -470,707
210,376,611.00 156,441,248 125,053,899

8,492,065.00 13,034,564 11,709,387

45,117.00 68,393 175,707

-1,245,034.00 -721,905 -1,058,018
1,379,168 1,041
-1,199,917.00 725,656 -881,270

7,282,148.00 13,760,220 10,828,117

2,215,822.00 3,391,986 3,384,342

5,076,326.00 10,368,234 7,443,775

increase/Decrease Percent

-1,708,137.00 -27.71% -28%

1,777,726.00 19.58% 16%
-2,028,374.00 -9.36% -9%
-3,488,907.00 -49.61% -49%
-5,097,698.00 -11.11% -11%

354,510.00 8.24% 8%
692,342.00 10.59% 3%
338,209.00 5.40% 5%
3,387,070.00 9.41% 9%
-1,710,628.00 -2.09% -2%

Increase/Decrease Percent

4,016,350.00 18.98% 19%

-796,000.00 -19.62% -20%
6,000,000.00 100.00% 100%
1,406.00 9.89% 10%
-2,776,244.00 -8.89% -9%

4,000,000 80.00% 80%

-8,475.00 -1.21% -1%
239,668.00 8.56% 9%
4,231,193.00 49.74% 50%

0 0.00% 0%
0 0.00% 0%
0 0.00% 0%
-3,264,555.00 -22.77% -23%
100,978.00 21.94% 22%
-3,163,577.00 -7.51% -7%
-1,710,628.00 -2.09% -2%
Increase/Decrease Percent
92,727,964 53%
4,631,304 -93%
-251,581,202 -148%

227,182,893 159%
12,652,799 109%
2,530,800 111%
602,672 -123%
241,763,960 155%

-9,817,242 -75%

-62197 -91%
908,921 -126%
1,378,127 100%
-407,009 -56%

-10,214,251 -74%
-2,223,466 -66%

-8,000,785 -77%
ASSETS
Cash
Accounts receivable
Inventories
Total Current Assets
Non-Current Assets
Less: Accumulated Depreciation
Net Non-Current Assets
Total Assets

Sales
Cost of Goods sold
Other expenses (includes depreciation 20%)
EBIT
Interest Expense
EBT
Taxes (30%)
Net Income
Pilipinas Shell Petroleoum Company
Statement of Financial Position
Vertical Analysis
As of December 31, 2018

2018 2017
4,455,124 6,163,261
12,992,819 10,865,099
19,642,836 21,671,210
37,090,779 38,699,570
39,387,816 36,000,746
0 0
39,387,816 36,000,746
76,478,595 74,700,316

Pilipinas Shell Petroleoum Company

Statement of Comprehensive Income
Vertical Analysis
As of December 31, 2018

2018 Percent 2017

218,868,676 77% 169,475,812

196,573,873 73% 143,070,566
14,386,600 96% 13,860,099
182,187,273 71% 129,210,467
-1,199,917 -60% 725,656
183,387,190 70% 128,484,811
55,016,157.00 70% 38,545,443.30
128,371,033 70% 89,939,367.70
Increased/D
ecrease Percent
1,708,137 -27.7%
-2,127,720 19.6%
2,028,374 -9.4%
1,608,791 -4.2%
-3,387,070 9.4%
0
-3,387,070 9.4%
-1,778,279 2.4%

Percent 2016

81% 136,736,286
79% 112,461,546
94% 13,063,060
77% 99,398,486
-121% -881,270
78% 100,279,756
78% 30,083,926.80
78% 70,195,829.20
I. LIQUIDITY RATIOS
a. Current Ratio
b. Quick Ratio
c. Cash Ratio
II. LEVERAGE RATIOS
a. Debt Ratio
b. Equity Ratio
c. Debt to Equity Ratio
III. ACTIVITY RATIOS
a. Asset Turnover Ratio
b. Accounts Receivable Turnover Ratio
c. Inventory Turnover Ratio
d. Accounts Payable Turnover Ratio
e. Day's Sales Outstanding
f. Day's Sales Inventory
g. Day's Payable Outstanding
h.Cash Conversion Cycle
i. Normal Operating Cycle
IV. PROFITABILITY RATIOS
a. Return on Sales
b. Return on Assets
c. Return on Equity
V. DUNPONT TECHNIQUE
ROA
ROE
FORMULA
Total Current Asset/Total Current Liabilities
Quick asset= Total Current Asset- Inventories= Prepaid Assets
Total Quick Assets/Total Current Liabilities
Cash + Marketable Securities/Total Current Liabilities
Total Liabilities/Total Assets
Total Shareholders Equity/Total Current Assets
Total Liabilities/Total Shareholders Equity
Net Sales/ Average Sales
Net Credit Sales/Average Accounts Receivable
Cost of Sales/ Average Inventory
Net Purchases/ Average Accounts Payable
Average Accounts Receivable/ Average Daily Credit Sales
Average Inventory/ Average Daily Cost of Sales
Average Accounts Receivable/ Average Daily Credit Sales
CCC= DSO + DSI - DPO
NOC= DSO + DSI
Net Income/ Net Sales
Net Income/ Average Total Sales
Net Income/Average Shareholder's Equity
ROS x ATO
Leverage Factor x ROS x ATO
Leverage Factor= Average Asset/ Average Equity
 SOLUTION EQUAL
40,778,561 /28,456,755 1.43
es= Prepaid Assets
40,778,561-19,642,836-3,687,782 17,447,943
17,447,943/28,456,755 0.61
12,992,819/28,456,755 0.46

41,194,566/80,166,377 5.13
38,971,811/40,778,561 0.96
41,194566/38,971,811 1.06

218,868,676/162,043,382/2 2.7
218,868,676/412,151,757 1.06
196,573,873/41,314,046 4.76
196,573,873/46,343,916 4.24
ly Credit Sales 360/1.06 340
360/4.76 75.63
ly Credit Sales 360/4.24 84.91
340+75.63-84.91 330.72
340+75.63 415.63

128,371,033/218,868,676 59%
128,371,033/81,021,691 158%
128,371,033/40,659,099.50 316%

128,371,033/218,868,676
x 218,868,676,/162,043,382/2 158%

9.96 x 1.58 1574%