TREN Corp

Comparative Statement of Financial Position

December 31, 2015
In Thousand pesos
ASSETS 2015 2014 AMOUNT PERCENT
CURRENT ASSETS
Cash & Cash Equivalent 24, 890 2,120 22,770 10740.06%
Trading Securities 10,000 - 10,000
Trade & Other Receivable 16,000 6,000 10,000 166.67%
Inventory 8,960 10,600 -1,640 15.47%
Total Current Assets 59, 850 18, 720 41,130 219.71%
NON-CURRENT ASSETS
PPE 150,000 161,280 -11,280 6.99%
Investment in Equity Securities 16,000 20,000 -4,000 -20%
Total Non-Current
166, 000 181, 280
Assets -15,280 8.43%
TOTAL ASSETS 225,850 200,000 25,850 12.93%
LIABILITIES
CURRENT LIABILITIES
Trade & Other Payables 8,400 3,350 5,050 150.75%
Unearned Revenues 10,600 11,650 -1,050 -9.01%
Notes Payable - Current 900 600 300 50%
Total Current Liabilities 19,900 15,600 4,300 27.56%
NON-CURRENT LIABILITIES
Notes Payable - Non-current 73,550 100,000 -26,450 -26.45%
TOTAL LIABILITIES 934,500 115,600 818,900 708.39%
SHAREHOLDER'S EQUITY
Ordinary Shares, P1 par 80,000 60,000 20,000 33.33%
Premium on Ordinary Shares 16,000 10,000 6,000 60%
Total paid-in-capital 96,000 70,000 26,000 37.14%
RETAINED EARNINGS 36,400 14,400 22,000 152.78%
TOTAL SHAREHOLDERS' EQUITY 132,400 84,400 48,000 56.87%
TOTAL LIBILITIES & SHAREHOLDERS' EQUITY 225,850 200,000 25,850 12.93%
 TREN Corporation
Comparative Income Statement
December 3133, 2015 & 2014
2015 2014 AMOUNT Percent
Sales 480,000 400,000 80,000 20%
Less: Cost of goods sold 364,000 280,000 84,000 30%
Gross Income 116,000 120,000 -4,000 3.33%
Add: Other Income 15,000 9,600 5,400 56.25%
Total income 131,000 129,600 1,400 1.08%
Less: Other expenses 12,400 - 12,400
Finance Cost (Interest) 14,400 19,000 -4,600 24.21%
Total Expenses 26,800 19,000 7,800 41.05%

Net Income before taxes 104,200 110,600 -6,400 -5.79%

Less: Income Tax 32,334 35,392 -3,058 -8.64%
Net Income after taxes 71,866 75,208 -3,342 -4.44%