FAR EASTERN UNIVERSITY, INCORPORATED A

CONSOLIDATED STATEMENTS OF FINANC

MAY 31, 2021, 2020 AND 20
(Amounts in Philippine Peso

Assets 2021
Current Assets
Cash and cash equivalents 1,191,146,185
Trade and other receivables - net 799,367,504
Financial assets at fair value through profit or loss 1,605,507,781
Financial assets at fair value through other comprehensive income 231,920,855
Investment securities at amortized cost 83,206,231
Real estate held-for-sale 122,880,159
Other current assets - net 127,297,249
Total Current Assets 4,161,325,964

NON-CURRENT ASSETS
Financial assets at fair value through other comprehensive income 1,179,709,098
Investment securities at amortized cost 501,560,477
Property and equipment - net 8,887,089,812
Investment properties - net 277,070,909
Goodwill 186,487,019
Deferred tax assets - net 24,756,321
Other non-current assets - net 203,369,377
Total Non-current Assets 11,260,043,013

Total Assets 15,421,368,977

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Trade and other payables 1,527,355,514
Interest-bearing loans 187,619,048
Derivative liability -
Deferred revenues 33,672,454
Provisions 18,698,054
Income tax payable 494,027
Total Current Liabilities 1,767,839,097

NON-CURRENT LIABILITIES
Lease liabilities 24,512,241
Interest-bearing loans 2,284,761,905
Post-employment benefit obligation 47,010,188
Deferred tax liabilities - net 15,116,765
Other non-current liabilities 16,995,892
Total Non-current Liabilities 2,388,396,991

Total Liabilities 4,156,236,088

EQUITY
Equity attributable to owners of the parent company
Capital stock 2,406,799,300
Stock dividends distributable -
Treasury stock - at cost (67,194,836)
Revaluation reserves 42,988,357
Other reserve (57,785,452)
Retained earnings
Appropriated 844,233,100
Unappropriated 5,186,533,818
Total equity attributable to owners of parent company 8,355,574,287
Non-controlling interests 2,909,558,602
Total Equity 11,265,132,889

TOTAL LIABILITIES AND EQUITY 15,421,368,977

ASTERN UNIVERSITY, INCORPORATED AND SUBSIDIARIES
NSOLIDATED STATEMENTS OF FINANCIAL POSITION
MAY 31, 2021, 2020 AND 2019
(Amounts in Philippine Pesos) Increase or Decrease
Verical Horizontal
2020 2019 2021 2020 2021 2020

1,798,366,234 1,520,192,490 7.72% 11.84% -33.77% 18.30%

990,599,625 620,161,736 5.18% 6.52% -19.30% 59.73%
888,517,158 837,414,512 10.41% 5.85% 80.70% 6.10%
329,290,221 277,750,721 1.50% 2.17% -29.57% 18.56%
227,576,146 263,808,437 0.54% 1.50% -63.44% -13.73%
123,533,559 123,533,559 0.80% 0.81% -0.53% 0.00%
173,963,347 206,017,421 0.83% 1.15% -26.83% -15.56%
4,531,846,290 3,848,878,876 26.98% 29.84% -8.18% 17.74%

387,166,693 428,946,151 7.65% 2.55% 204.70% -9.74%

303,042,121 523,684,713 3.25% 2.00% 65.51% -42.13%
9,363,421,490 8,708,590,224 57.63% 61.66% -5.09% 7.52%
194,193,727 154,874,322 1.80% 1.28% 42.68% 25.39%
186,487,019 186,487,019 1.21% 1.23% 0.00% 0.00%
29,533,238 25,673,121 0.16% 0.19% -16.17% 15.04%
190,915,174 202,823,408 1.32% 1.26% 6.52% -5.87%
10,654,759,462 10,231,078,958 73.02% 70.16% 5.68% 4.14%

15,186,605,752 14,079,957,834 100% 100% 1.55% 7.86%

1,902,035,050 1,405,750,972 9.90% 12.52% -19.70% 35.30%

868,571,429 1,393,571,429 1.22% 5.72% -78.40% -37.67%
- 36,720,866 0.00% 0.00% 0.00% -100.00%
94,744,453 258,368,982 0.22% 0.62% -64.46% -63.33%
18,698,054 48,765,588 0.12% 0.12% 0.00% -61.66%
29,528,758 27,535,754 0.00% 0.19% -98.33% 7.24%
2,913,577,744 3,170,713,591 11.46% 19.19% -39.32% -8.11%

34,507,453 - 0.16% 0.23% -28.97% 0.00%

1,736,666,667 965,000,000 14.82% 11.44% 31.56% 79.97%
61,917,618 47,313,579 0.30% 0.41% -24.08% 30.87%
14,659,400 22,684,801 0.10% 0.10% 3.12% -35.38%
7,440,467 6,171,400 0.11% 0.05% 128.43% 20.56%
1,855,191,605 1,041,169,780 15.49% 12.22% 28.74% 78.18%

4,768,769,349 4,211,883,371 26.95% 31.40% -12.84% 13.22%

 1,651,435,400 1,651,435,400 15.61% 10.87% 45.74% 0.00%
755,431,300 - 0.00% 4.97% -100.00% 0.00%
(67,194,836) (65,159,830) -0.44% -0.44% 0.00% 3.12%
18,041,175 3,264,862 0.28% 0.12% 138.28% 452.59%
(57,785,452) (57,785,452) -0.37% -0.38% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
1,909,733,100 2,170,733,100 5.47% 12.58% -55.79% -12.02%
3,346,821,184 3,548,864,966 33.63% 22.04% 54.97% -5.69%
7,556,481,871 7,251,353,046 54.18% 49.76% 10.57% 4.21%
2,861,354,532 2,616,721,417 18.87% 18.84% 1.68% 9.35%
10,417,836,403 9,868,074,463 73.05% 68.60% 8.13% 5.57%

15,186,605,752 14,079,957,834 100.00% 100.00% 1.55% 7.86%

 2021 2020

15,303,987,365 14,633,281,793
 FAR EASTERN UNIVERSITY, INCORPORATED A
CONSOLIDATED STATEMENTS OF FINANC
MAY 31, 2021, 2020 AND 20
(Amounts in Philippine Peso

Assets 2021
Current Assets
Cash and cash equivalents 1,191,146,185
Trade and other receivables - net 799,367,504
Financial assets at fair value through profit or loss 1,605,507,781
Financial assets at fair value through other comprehensive income 231,920,855
Investment securities at amortized cost
Real estate held-for-sale 122,880,159
Other current assets - net
Total Current Assets 3,950,822,484

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Trade and other payables 1,527,355,514
Interest-bearing loans 187,619,048
Derivative liability -
Deferred revenues 33,672,454
Provisions 18,698,054
Income tax payable 494,027
Total Current Liabilities 1,767,839,097

2.23
(8,541,297.69)

2.23
Checking
Checking 3,942,281,186.31
ASTERN UNIVERSITY, INCORPORATED AND SUBSIDIARIES
NSOLIDATED STATEMENTS OF FINANCIAL POSITION
MAY 31, 2021, 2020 AND 2019
(Amounts in Philippine Pesos)

2020 2019

1,798,366,234 1,520,192,490
990,599,625 620,161,736
888,517,158 837,414,512
329,290,221 277,750,721

123,533,559 123,533,559

4,130,306,797 3,379,053,018

1,902,035,050 1,405,750,972
868,571,429 1,393,571,429
- 36,720,866
94,744,453 258,368,982
18,698,054 48,765,588
29,528,758 27,535,754
2,913,577,744 3,170,713,591

1.4176 1.07
181,788,264.12 203,853,339.83

1.48 1.13

4,312,095,061.12 3,582,906,357.83
Quick Ratio=Current LiabilitiesC & E+MS+ARwhere:C & E=cash & equivalentsMS=marketable securities
​ ​
MS=marketable securitiesAR=accounts receivable ​
 FAR EASTERN UNIVERSITY, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE YEARS ENDED MAY 31, 2021, 2020 AND 2019
(Amounts in Philippine Pesos)

2021 2020
REVENUES
Educational
Tuition fees - net 3,336,317,446 3,221,389,820
Other school fees 186,108,760 334,923,888
3,522,426,206 3,556,313,708
Rental 10,381,563 33,430,485
3,532,807,769 3,589,744,193

IMPAIRMENT LOSS ON FINANCIAL ASSETS (254,842,087) (81,673,482)

OTHER OPERATING EXPENSES (2,485,285,169) (2,777,758,711)
OTHER OPERATING INCOME 1,447,139 41,633,237
OPERATING INCOME 794,127,652 771,945,237
FINANCE INCOME 190,258,064 136,080,528
FINANCE COSTS (106,575,649) (246,065,317)
OTHER INCOME - NET 138,482,282 122,603,549
INCOME BEFORE TAX 1,016,292,349 784,563,997
TAX EXPENSE (36,976,292) (101,572,455)
NET INCOME 979,316,057 682,991,542

Net Income Attributable to:

Owners of the parent company 965,682,303 621,398,818
Non-controlling interests 13,633,754 61,592,724
979,316,057 682,991,542

Earnings Per Share 40.28 25.92

0.23 0.22
 ORATED AND SUBSIDIARIES
S OF PROFIT OR LOSS
1, 2021, 2020 AND 2019
pine Pesos) Verical Horizontal
2021 2020 2021 2020
2019

3,028,259,008 94.44% 89.74% 3.57% 6.38%

286,993,109 5.27% 9.33% -44.43% 16.70%
3,315,252,117 99.71% 99.07% -0.95% 7.27%
43,782,587 0.29% 0.93% -68.95% -23.64%
3,359,034,704 100.00% 100.00% -1.59% 6.87%

(27,028,023) -7.21% -2.28% 212.03% 202.18%

(2,666,530,435) -70.35% -77.38% -10.53% 4.17%
2,720,649 0.04% 1.16% -96.52% 1430.27%
668,196,895 22.48% 21.50% 2.87% 15.53%
152,094,620 5.39% 3.79% 39.81% -10.53%
(98,276,377) -3.02% -6.85% -56.69% 150.38%
212,567,714 3.92% 3.42% 12.95% -42.32%
934,582,852 28.77% 21.86% 29.54% -16.05%
126,111,125 -1.05% -2.83% -63.60% -180.54%
1,060,693,977 27.72% 19.03% 43.39% -35.61%

753,271,625 27.33% 17.31% 55.40% -17.51%

55,200,102 0.39% 1.72% -77.86% 11.58%
808,471,727 27.72% 19.03% 43.39% -15.52%

31.41

0.20
 Financial Ratios
Return on Asset
Asset Utilization Average total assets = (Assets in the beginning+ Assets at the end of the financial year) / 2
Asset Turnover Ratio
Debt to Equity Ratio
Leverage Ratios
Debt Ratio
Current Ratio
Liquidity Ratio Acid-test Ratio
Cash Ratio
Profit Margin Ratio
Profitability Ratio
Gross Profit Margin Ratio
 Formulas 2021 2020 2019
Profit after tax/ Average Total Assets 6% 5% ok
= (Assets in the beginning+ Assets at the end of the financial year) / 2
Revenue/Average Total Assets 0.23 0.25 -
Total liabilities/Shareholders' Equity 0.37 0.46 0.43 ok
Total debt(liabilities)/ Total assets 0.27 0.31 0.30 ok
Current Assets/ Current Liabilities 2.35 1.56 1.21 ok
Quick Asset/ Current Liabilities 2.23 1.42 1.07
(Cash and Bank Balances+ Current Investments) / Current Liabilities 0.67 0.62 0.48
Net Income/Revenue 0.28 0.19 0.32
Gross Profit/Net Sales 0.22 0.22 0.20 gross profit = revenue -
gross profit = revenue - GOGS / revenue