9000°1¥00'67879 DECEMBER iD 2¢ f, : ‘Commission PHILIPPINES Mote Pat Te 7 ASSETS: Current Assets Cash and cash equivalents 5 P166,723,145 P 158,068,862 Trade and other receivables, net 6 603,255,409 566,342,743 Advances to related parties at 63,430,000 63,430,000 Other current assets 7 109,402,309 105624318 Total Current Assets. 942,810,863 893,465,923, Noncurrent Assets Investments in associates and joint venture & 40,338,183 (34,075,711 Investment properties, net 9 7,822,535, 7,822,535, Property and equipment, net 10 34,394,295, 35,065,538 Right of use asset, net 22 118,734,623, : Ferafat sence ot mo t3s00 47,489,384 Other noncurrent assets cis 1,208,416 1,204,045, Total Noncurrent Assets 202,611,852 125,657,213 P1,145,422,715__P1,019,123,136 LIABILITIES AND EQUITY Current Liabilities ‘Trade and other payables 12 -R717,549,247 P 652,469,361 Advances from a related party 21 3,374,085, 3,374,085, Current portion of lease liability 22 3,125,029 : Total Current Liabilities 724,048,361 655,843,446 Noncurrent Liability Non-current portion of lease liability 22 118,055,575, : 842, 103,936 655,843,446 Equity ‘Share capital 13 283,977,700 283,977,700 Additional paid-in capital 13 12,404,935, 12,404,935 Deficit (70,406,108) (33,506,211) Treasury shares 13 (1,154,225) (1,154,225) Equity share in other comprehensive income of aSsoctates end Joint venture 33,183,039 356,981 Remeasurement gain on retirement obligation 20___75,313,438 101,200,510 Total Equity 303,318,779 363,279,690 ae B1,145,422,715 _ P1,019, 123,136 hoe rer : pate: 2020-11-10 Time: 08:49:19 aN + usexnane: : RE yoV. 11.22) | |2000°L00°6z8z9 THE PHILIPPINE (DAILY INQUIRER, INC (A Subsidiany of LRP, Inc. )on_ nem oe and STATEMENTS OF ¢¢ HENSI nge FOR THE YEARS Et 31, eM a PHILIPPINES Note 2019 2018 REVENUES 14 R1,061,635,651 P1,096,800,994 COST OF SALES AND SERVICES 15__ (684,209,313) _ (748,888,055) GROSS PROFIT 377,426,338 347,912,939 Selling expenses 16 (254,238,165) (278,953,287) General and administrative expenses 17 — (169,225,574) (184,093,012) Equity share in net profit of associates and joint venture 8 5,595,224 3,729,947 Finance income 5 3,768,745 4,053,530 Other operating income, net 18___ 19,688,159 __ 130,406,017, INCOME (LOSS) BEFORE INCOME TAX (16,985,273) 20,056,134 INCOME TAX EXPENSE 19 (19,914,624) (21,297,821) NET LOSS, (36,899,897) (1,241,687) OTHER COMPREHENSIVE INCOME (LOSS) Items that will not be reclassified to profit cr loss: Remeasurement loss on retirement obligation, net of tax 20 (25,887,072) (27,479,860) Equity share in other comprehensive income (loss) of associates and joint venture a 826,058 (401,497) OTHER COMPREHENSIVE LOSS (23,061,014) (27,881,357) ‘TOTAL COMPREHENSIVE LOSS (59,960,911) __(P29,123,044) See Notes to the Financial Statements, Date: 2020-11-10 Time: 09:49:19 aM “Tne | ox 6 - ah poseetiO coohci NN We 6t!6¥:80 FauTL OT-TT-oz0z pes exerwr ]. = : Z 1 -swwowarors jpubus 24901 $330N 995 GLE GLE CEA (GOr'90F 01 THe O8G GETTER GER TAT 069627898 (117905 WHE Uae eevear ead (eer var vad SESVOPTls OOLZL6eazs —6l0z be equeDDGTeSy woe 5 5 5) BABUSBIAIOS TOL ose (Szz"vSi't) —Ste'vor'zt —_oou"ss6't07 102 ‘Le Jequueag ae sy a : 5 $50) sASUaYBICUOS FeO. 691199 5 : : - Uuopreudosdde Jo yessanoy! 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WLS nes sot T3uf ‘ay7 Jo Aioipisans VJ “NI USUINONI ATIVG ANIddIIHd AHL 62829.0041.00086000'L¥00'6z879 THE PHILIPPINE DAILY INQUIRER, INC. {A Subsidiary of LRP, tnc.}. 2 ee ‘Securities ana STATEMENTS: FOR THE YEARS ENDEL Wate 2019 208 CASH FLOWS FROM OPERATING ACTIVITIES Income (loss) before income tax (16,985,273) 20,056,134 Adjustments for: Depreciation and amortization 10 22,947,624 20,560,452 Retirement benefit costs 20 © 10,394,053 11,704,756 Finance cost on loans and (ease lability 2 6,897,515 : Provision for expected credit loss 6 4,905,761 23,256,462 Unrealized foreign exchange gain, net (490/318) 119/182) Gain on disposal of property and equipment 10 (1,893,337) (120,385,267) Finance income 5 768,745) (1,053,530) Equity share in net profit of associates and joint venture 8 (5,595,224) 6,729,947 Operating income (loss) before working capital changes 46,712,056 (49,710,122) Changes in working capital accounts: Decrease (increase in): “Trade and other receivables (41,818,427) 88,112,095 Deposit toa related party I 10,000,000 Other current aszets (3,777,991) (19,148,323) Other roncurrent assets (43371) ‘22/307 Increase (decrease) in trade and other payables 65,079,886 (22,544,259) Cash generated from operations 36,191,153 6,931,678 Payment of lease liability 22 (9,922,205) - Income taxes paid (6,820,165) (9,520,738) Finance income received 5 3,768,745 053,530 Contributions tothe retirement fund 20 = 5,092'316) Net cash provided by (used in)operating activities ZU27,528 (16,547,846) ‘CASH FLOWS FROM INVESTING ACTIVITIES ‘Addition to property and equipment 10 (17,156,082) (2,826,421) Proceeds from dsposal of property and equipment 2,243,709 139,290,267 Dividends received 2,158,810 - Decrease in long-term investments : 7,000,000, Net cash flows provided by (used in) investing activities (12,753,563) 137,463,846, ‘CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid = (64,198,444) Funds Rela in erst 5 = Not cash used in financing activities = (64,198,444) EFFECT OF FOREIGN EXCHANGE RATE CHANGES ‘OW CASH AND CASH EQUIVALENTS 2190318 19,182 NET INCREASE IN CASH AND CASH EQUIVALENTS | “W6s4:2Rs yy | 56,836,738 ‘CASH AND CASH EQUIVALENTS AT BEGINNING \ a OF YEAR 458,068,862 | _ 101,232,124 CASH AND CASH EQUIVALENTS AT END OF YEAR| 766,723,443 | P153,068,867 1 “See Notes to Financial Statements i Date: 2020-11-10 Time: 08:49:19 AM