MANILA BULLETIN PUBLISHING CORPORATION ‘STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2016 (With comparative figures as at December 31, 2015) (In Philippine Peso) Robes 2016 2015 ASSETS Current ash 4 P 84,372,530 P 60,081,602 Trade and other receivables 5 2,020,442,832 2,100, 690,865 Inventories 6 1,386,850,836 ——_1,348,569,789 Other current assets z 51,923,009 34,269,583, 3,543,589,207__3,543,611,839 Non-current Property, plant and equipment a4 2,666,830,240 ——2,703,760,871 Investment properties 9 194,808,970 194,808,970 Deferred tax asset ~ net a 56,278,665 49,606,004 Prepaid benefit obligation 2 23,007,783 15,891,117 Goodwill 10 5,000,000 5,000,000 (Other non-current assets it 164,501,438, 166,659,934 3,040,427,096 __3,035,726,896 P_6,554,016,303__P_6,579,338,735 LIABILITIES AND EQUITY LIABILITIES Current Trade and other payables 2 P 3,631,214,819 —P 2,032,966,248 Trust receipts payable B 121,499,611 187,744,472 Current portion of loans payabie 844 412,000,000 120,000,000 Income tax payable 1,998,057 6,346,962 2,166,712,487 __2,547,057,682 Noneurrent Loans payable net of current portion a4 860,000,000 745,000,000 Equity Share capital 1s 3,A75,463,722 —_3,374,508,215, Retained earnings 15 143,027,875 201,454,273 ‘Accumulated remeasurement losses on retirement benefit plan a (74,839,804) (72,333,458) “Treasury shares 415 (16,347,977) (36,347,977) 3,527,303,816 _3,487,281,053 P.6,554,016,303 __P_6,579,338,735 “See accunpanying notes to franca statenients. BUREAU OF INTERNAL REVENUE LARGE TAXPAYERS SERVICE LARGE TAXPAYERS ASSISTANCE DIVISION Date 4} APR 17 2017 |SCES RECEIVED ROMEO Z. MIRANOMANILA BULLETIN PUBLISHING CORPORATION STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2016 (With comparative figures for 2015) Gn Philippine Peso) Tes 2016 2015 wid REVENUES 16 P 2,588,549,162 2,805,961,573 » 2,739,687,511 COST OF SALES AND SERVICES 174734937325 1833909063 __1,724,216,604 ‘GROSS PROFIT 913611837 97,972510—_19015,470,87 OTHER OPERATING INCOME ie 106476514 390,004,161 122,799,567 OPERATING EXPENSES. 39 831,508,409 997,562,179 999,099,712 OPERATING INCOME 88,579,942 11521192 150,181,762 OTHER INCOME 20 9,336,463 515,920 5,032,067 INCOME BEFORE INTEREST EXPENSE s7en6a0s 124827412 158,214,629 INTEREST EXPENSE 4 42:373,798 43,196 382 46,404,454 INCOME BEFORE INCOME TAX 55)542,607 81,631,090 111,810,135 PROVISION FOR INCOME TAX a 13,013,498 21,500,636 25a7ui7 NETANCOME 42,529,109 60,130,394 85,338,986 OTHER COMPREHENSIVE INCOME (LOSS) 3tems that will not be reclassified into profit or loss: Remeasurement lasses (gain) on retiement benefit pian 2 (3,580,494) 2.744191 (18,132,507) Income tax effect 2 3,074,148, 823,258) 5,438,752, (2,506,346) 1,920,833 (12,692,755) TOTAL COMPREHENSIVE INCOME FOR THE YEAR PB _40,022,763 Pp __62,05127_P__ 73,646,209 EARNINGS PER SHARE BesigDDluted BP oo. 0.02 93 Soe aconpaning ote to franca sateen BUREAU OF ‘NTERNAL REVENUE LARGE TAXPAYERS SERVICE LARGE TAXPAYERS ASSISTANCE DIVISION APR 17 2017 |SCES ECEIVED ROMEO Z. MIRANO DateMANILA BULLETIN PUBLISHING CORPORATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2016 (With comparative figures for 2015) (in Philippine Peso) Tes ‘CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax 2016 P 55,502,607 P 75 Dore 81,631,030 P 111,810,135 ‘Adjustments foe: Depreciation and amortization 81976744092 TAMAR 79,235,535 Provsion or mprirment losses 519 48,269,320 77,002,757 3517135 Gain on dsposel of poperty and equipment 20 (443,999) (1571458) Interest income 4 (70,328) 5291) (7281) Interest pense 14 42373;798 —43,196902 45405404 Aetirement expense 5996527 tora 094 8,795,544 ‘peratng income betore changes ir aperating sets nd lbiles 201,744,616 290,105 814 248,134,104 Changes in operating assets end labs (Unease) decease in: Trade and omer recehatles 561,978,733 (77525522) (195,083,706) Inventories 8 (98,281047) (108,357,502) 97,484,150 Other curent assets 7 (47,653,426) 83,100,007 39,018,999 (ter ren-curent assets 258496 (457,803) (1,833,929) 1morease (decrese) in Trade ad other payables 12 (404,753,429) (5413.78) (88,656,241) “Tras reps payable 13 _(e2aag6x) (6,795,482) (38,720,559) Cash used in) generated from operations (258,048,938) (180,350152) 110371 710 Interest received 70,329 45201 57281 CConeivations paid 22 (49,693,687) (7142601) —_24,600638) Income toes paid (22,960,916) (29,288,140) (34,9000) Net cash (used in) rovded by cpeating acivies (300,653,212) (225,736,032) 4397881 ‘CASH FLOWs FROM INVESTING ACTIVITIES Acqustons of prope, plat and equipment 8.14 (39,834,061) (53,704482) (41,401,946) Proceeds fom disposal of property and equpment_ 8 411,999 000.000 14,000,900 Tet cash used in ivestng actos (39,702,062) 45,704,448) 7.00556) ‘CASH FLOWS FROM FINANCING ACTIVITIES Payments of Loans 814 (486)500,000) (599,500,000) (110,500,000) Interest 14 (42,373,798) (8,196,382) (46,404,494) Proceeds from avait of faan 14 __593,500,000__865,000,000 __145 000,00 Net cash provided by (used in) fnnecg aces 364,626,202 272,303,618 (1,904,494) INCREASE (DECREASE) IN CASH 24,290,928 (50,136,858) 4621481 ‘CASH, AT BEGINNING OF YEAR 60,081,602 110218,460 105,597,019 CASH, ATEND OF YEAR P_24;372.530_P 2_P_ 110,218,460 “Se asym acc BUREAU OF TERNAL REVENUE Date APR 17 2017 ECEIVE ROMEO 2. MIRANO LARGE TAXPAYERS SERVICE LARGE TAXPAYERS ASSISTANCE DIVISION , SCES dDMANILA BULLETIN PUBLISHING CORPORATION STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED DECEMBER 31, 2016 (With comparative figures for 2015) (in Philippine Peso) tosses on Retaed Ratan Treaury Tota shorecootts Enmings_——_Denet an ‘hover 2) nee 2 oe ‘sat oneory 3, 2036 P 3o7as09.215 P 201,454273 P (72353458) P (507877 & 3,87.281089 ‘Total comprehensive income retincome : 315308 A a2s2909 thar omens income Remesnaremer star on| Feesenenbene an = e206 346) : 6) ‘ert vosr = .azszates ——(2,506;346) : 49072769 ste anisend 10095507 100855507 : e : 0i)_P— U6 HSPs asa eos S157 22 i sono 029 ter comgeheeve st ft ‘sre ees rrr Set po asa. amen “ene 0. eons Sere casos : ssa ‘g0ck cond 915.058 __ (se, 015,055) ue beets TET eis — oth —F — pass) Fe FT eat uy 1204 Pp susigmou p_mgicozie > _(6Ls619) P dsavamm p_azsisysi7 Seat cmp Foo etree soma oomgset Ste comptes ss Uhre! op on AS rea rot ss corre bebt gan 2259 92755 ‘ateorebone name ‘erdeyear seams rzese759 23695208 26 erica, {oe — eh et BUREAU OF ‘NTERNAL REVENUt LARGE TAXPAYERS SERVICE LARGE TAXPAYERS ASSISTANCE DIVISION Date 4! APR 172017 |SCES RECEIVED ROMEO 2. MIRANO