8000'8200°29019 Dat iy esmeaiaee eo HEAD Ainmion,, mt ASSETS Current Assets Cash and cash equivalents 158,068,862 101,232,124 Trade and other receivables, net 566,342,743 677,711,300 Long-term investments - 7,000,000, Prepayments and other current assets 105,624,318 86,475,995 Advances to related parties 63,430,000 63,430,000 Total Current Assets 893,465,923 935,849,419 Noncurrent Assets Investments in associates and joint venture 9 34,075,711 30,747,261 Investment properties 10 7,822,535 7,822,535 Property and equipment, net 11 35,065,538 65,704,569 Retirement benefits plan asset, net 21 47,489,384 83,438,767 Deposit to a related party 9,22 = 410,000,000 Deferred tax assets 20 43,407,404 55,619,731 Other noncurrent assets, net _ 12 1,204,045 4,426,372 “Total Noncurrent Assets 769,064,617 254,759,235. TOTAL ASSETS 1,062,530,540_P1,190,608,654 LIABILITIES AND EQUITY Current Liabilities Trade and other payables 13 652,469,361 675,013,660 Dividends payable 4 = 64,198,444 Advances from a related party 2 3,374,085 3,374,085 ‘Total Current Liabilities 55,843,446 742,586,189 Noncurrent Liabilities Deferred tax liabilities 20___43,407,404 55,619,731 ‘Total Liabilities 699,250,850 798,205,920 Equity Share capital 14 283,977,700 283,977,700 Share premium 14 12,404,935 12,404,935 ‘Treasury shares 14 (1,154,225) (4,154,225) Equity share in other comprehensive income of associates and joint venture 9 356,981 758,478 Remeasurement gain on retirement obligation, net of tax 21 101,200,510 128,680,370 Deficit 14,26 (33,506,211) (32,264,524) Total Equi 363,279,690 392,402,734 P1,190,608,654 TOTAL LIABILITIES AND EQUITY 2,530,540 _ Pi, Suey OF wrERw ; See Notes to the Financlal Statements. LARGE Taxpayers Kt 2020-11-10 Time: 08:49:14 AM Us RS SERVICE SST DIVISIONTHE PHILIPPINE DAILY INQUIRER, INC (A Majority Ownée! Subsidiory of LRP, inc.) ee ‘Securities and STATEMENTS OF jENSI FOR THE YEARS ENDED 3, 2 ge g Commission 3 PHILIPPINES 2 3 lotes 2018 2017 g ¢ 3 3 REVENUES = Advertising 15 R823,097,922 P1,010,980,345 Circulation 15 273,703,072 288,489,298 Equity share in net profit of associates and joint venture 9 (3,729,947 1,813,560 Finance income 5,6,8 1,053,530 1,273,828 Other operating income (expense), net 19 107,149,555 (4,031,534) 1,208,734,026 1,298,525,497 EXPENSES: Cost of sales 16 748,888,055 1,037,762,360 Selling expenses 17 255,696,825 "274,617,678 General and administrative expenses 18 184,093,012 198,914,819 1,188,677,892 _1,511,294,857 INCOME (LOSS) BEFORE INCOME TAX 20,056,134 (212,769,360) INCOME TAX EXPENSE 20___(21,297,821) _ (105,823,824) NET LOSS (1,241,687) 618,593,184) OTHER COMPREHENSIVE INCOME (LOSS) (27,881,357) (65,588,839) Items that will not be reclassified to profit or loss: Remeasurement loss on retirement obligation, net of tax (27,479,860) 65,185,604 Equity share in other comprehensive income of associates and joint venture (401,497) 403,235 ‘OTHER COMPREHENSIVE INCOME (LOSS) ‘TOTAL COMPREHENSIVE INCOME (29,123,044) _(P253,004,345) ‘Jee Notes to the Financial Statements. LARGE Taxbayeng seivictte a Date Date: 2020-11-10 Time: 08:49:14 AMs IP PINE HIE Securities ana Exchange cE ICE VISION ay PRPAYERS SE Rus STANCE Oy Ts TARPAYERS ase BUREAU OF INT; Tae ERMA URGE Tie Date & “sown puna 24 01509 295 YN caver tos ‘orsTo0t Tora WT a) atovar td oor uses Tog Te meu roe eD 038 6zv°72) ~ ~ - 'S50] OnyswayaAdWOD JEI01 - cot 18) : : : ooneosdde 0 yest secre sou'ea's oxe'oas'eeh Gsavssi'0) sts'ror'ts one! uus'eae 30 i U0 Seva ET HSH : en ‘suoou ansuaypiduny eek! 620'L0r'sv9d Nev L6b"Lc2 cou 1e0'8d 994" rer'e9d Se6'r0r‘Zhd o0e'4ce"esed 102 ‘1 Avener ye SY? Te Paredosddeun (FL a30N) Gi HON a povetidouddy oveygunseous nyu 104s 3 jusaney uo pe sateosty é yoo suouninseauioy Uy ares Abs 8 Gaaea) Supe peuleey “SwIODUT BAISVOadwICD 43 i a L407 GNV 9107 ‘LE Y3AqWIDAG GAONA SUVIA BHL VOI 3 ALINOA NI SIONVHD 4O SLNAWALVLS 4 “ai Jo Rivipisans paumo Aaofow ¥) 2 “ONI YAUINONI ATIVG SNIdd Hd SHA 8 “2 a a o cas 2 4 61067.0078.0010‘THE PHILIPPINE DAILY INQUIRER, INC. (A Majority Ownée’ Subsidiary of LRP, Inc.) STATEMENEE faa i DECUMTNES and FOR THE YEARS ENDED 34,2 benge g ommission 8 PHILIPPINES 3 s ‘Notes 2018 2017 3 s CASH FLOWS FROM OPERATING ACTIVITIES = income (loss) before income tax 720,056,134 (P212,769,360) Adjustments for: Provision for doubtful accounts 6 23,256,462 28,530,577 Depreciation and amortization 11 20,560,452 24,349,690 Retirement benefit costs 21 11,704,756 23,030,698 Unrealized foreign exchange gain, net 5,19 (119,182) (1,569,996) Finance income 5,6,8 (1,053,530) (1,273,828) Equity share in net profit of associates and joint venture 9 (3,729,947) (1,813,560) Gain on disposal of property and equipment 14 __ (120,385,267) (1,801,323) ‘Operating loss before working capital changes (49,710,122) (143,317,102) Changes in working capital accounts: Decrease (increase in): ‘Trade and other receivables, 88,112,095 133,605,580 Deposit to a related party 40,000,000 - Prepayments and other current assets (19,148,323) 6,602,863, Other noncurrent assets 222,327 3,967) Decrease in trade and other payables (22,544,299) (12,962,445) Tash generated from (used in) operations 6,931,678 (16,075,071) Finance income received 1,053,530 1,000,301 Income taxes paid (91520,738) (17,973,548) Contributions to the retirement fund (15,012'316) (390,910) Net cash used in operating activities (16,547,846) (33,439,228) BUREAU OF NTERNAI AT ae LARGE TAXPAYERS SERVICE LARGE TAXPAYERS ASSISTANCE DIVISION Date: 2020-11-10 Time: 08:49:14 AM b; AGREE ABAY [| Pa Nov 14 tonuedae ‘THE PHILIPPINE DAILY INQUIRER, INC. (A Majority Owned Subsidiary of Le. Inc.) Ba ee MES and STATEMENTS OF GASH FLOWS. change FOR THE YEARS ENTE Ht, 2¢ g Catiission & LIPPINES 3 g ‘Note 2018. OAT 8 CASH FLOWS FROM INVESTING ACTIVITIES x Proceeds from disposal of property and equipment 11 139,290,267 2,438,474 Decrease in long-term investments 7,000,000 44,981,300 ‘Additions to property and equipment (8,826,421) (20,169,730) Dividends received : 3,600,000, iNet cash flaws provided by (used in) investing activities 137,463,846 (9,149,956). ‘CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid (64,198,444) - Funds held in trust - 6,682,119) Net cash used in financing activities (64,1984) 6,687,119) EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 119,182 1,569,996 NET INCREASE (DECREASE) IN CASH AND (CASH EQUIVALENTS 56,836,738 (46,701,307) CASH AND CASH EQUIVALENTS ‘AT BEGINNING OF YEAR 101,232,124 147,933,434 CASH AND CASH EQUIVALENTS AT END OF YEAR 5 _P158,068,862__P101,232,124 ‘Jee Notes to Financial Statements. Date: 2020-11-10 Time: 08:49:14 AM Vertins by