CCE CLOTHING LINE

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31

[in millions]

Assets 2017 2016 Increase (Decrease)

Amount Percent

Current Assets

Cash P 222.9 P 330.2 P (107.3) (32.5)

Accounts Receivable (net) 282.5 172.1 110.4 64.1

Inventory 146.3 92.8 53.5 57.7

Prepaid Expenses 74.1 70.3 3.8 5.4

Total Current assets P 725.8 P 665.4 P 60.4 9.1

Property, plant, and equipment (net) 1866.4 556.2 1310.2 235.6

Total assets P 2592.2 P221.6 1370.6 112.2

Liabilities and Owner's equity

Current liabilities
Trade and other payables P 551.9 P 620.6 P (68.7) (11.1)
Non-current liabilities
Loan payable 1822.4 376.6 1445.8 383.9
Total Liabilities P 2374.3 P 997.2 P 1377.1 138.1
Owner’s equity 217.9 224.4 ( 6.5) (2.9)
Total liabilities and owner’s equity P 2592.2 P 221.6 P 1370.6 112.2
 CCE Clothing Line

Income Statement

For The Years Ended December 31

(in millions)
Increase (Decrease)

2017 2016 Amount Percent

Net Sales P2213.3 P1738.7 P474.6 27.3
Cost of goods Sold 1032.1 831.8 299.3 24.1
Gross Profit P1181.2 P 906.9 P274.3 30.2
Selling and administrative Expenses 889.2 659.5 229.7 34.8
Operating Income P 292.0 247.4 46.6 18.0
Interest Expense 90.9 30.5 60.4 198.0
Income Before Income Taxes P 201.1 216.9 (P15.8) (7.3)
Income tax expense 60.3 65.0 (4.7) (7.2)
Net income P 140.8 151.9 (P11.1) (7.3)
Liabilities and Owner's equity

Current liabilities
Trade and other payables P 551.9 P 620.6 P (68.7) (11.1)
Non-current liabilities
Loan payable 1822.4 376.6 1445.8 383.9
Total Liabilities P 2374.3 P 997.2 P 1377.1 138.1
Owner’s equity 217.9 224.4 ( 6.5) (2.9)
Total liabilities and owner’s equity P 2592.2 P 1221.6 P 1370.6 112.2