PILIPINAS SHELL PETROLEUM CORPORATION

HORIZONTAL ANALYSIS
INCOME STATEMENT

2018 2017 ABSOLUTE PERCENTAGE

Net Sales 218,868,676 169,475,815 49,392,861 29.14 Increase
Costs & Expenses
Cost of Sales 196,573,873 143,070,566 53,503,307 37.40 Increase
Selling Expenses 11,644,884 11,570,642 74,242 0.64 Increase
General and Administrative Expenses 2,741,716 2,289,457 452,259 19.75 Increase
Other operating income, net -583,862 -489,417 -94,445 19.30 Increase
210,376,611 156,441,248 53,935,363 34.48 Increase
Income from Operation 8,492,065 13,034,564 -4,542,499 -34.85 Decrease

Other Income
Finance Income 45,117 68,393 -23,276 -34.03 Decrease
Finance Expense -1,245,034 -721,905 -523,129 72.47 Increase
Other nonoperating income, net 0 1,379,168 -1,379,168 -100.00 Decrease
-1,199,917 725,656 474,261 65.36 Increase

Income before Income Tax 7,292,148 13,760,220 -6,468,072 47.01 Decrease

Provision for Income Tax -2,215,822 -3,391,986 -1,176,164 34.67 Decrease

NET INCOME 5,076,326 10,368,234 -5,291,908 51.04 Decrease