13 May PHILIPPINE STOCK EXCHANGE, INC. Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue Makati City, Philippines.

Transcription

1 13 May 2011 PHILIPPINE STOCK EXCHANGE, INC. Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue Makati City, Philippines Attention : JANET A. ENCARNACION Head, Disclosure Department Dear Sir/Madam: Please find herewith Special Form for Financial Statements (SFFS-PHFS) for Publicly Held Companies for the years ended December 31, 2010 and 2009 of MacroAsia Corporation (Consolidated) as submitted with the Securities and Exchange Commission. Very truly yours, AMADOR T. SENDIN VP Planning and Business Devt Corporate Information Officer / Compliance Officer 12/F, Allied Bank Center, 6754 Ayala Avenue, Makati City ٠ Tel No. (+632) ٠ Fax No. (+632)

2 COVER SHEET SEC Registration Number M A C R O A S I A C O R P O R A T I O N A N D S U B S I D I A R I E S (Company s Full Name) 1 2 t h F l o o r, A l l i e d B a n k C e n t e r, A y a l a A v e n u e, M a k a t i C i t y (Business Address: No. Street City/Town/Province) Reynaldo O. Munsayac (Contact Person) (Company Telephone Number) S F F S - P H F S Month Day (Form Type) Month Day (Calendar Year) (Annual Meeting) NA (Secondary License Type, If Applicable) Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document ID Cashier S T A M P S Remarks: Please use BLACK ink for scanning purposes.

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4 SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Control No.: Table 1. Balance Sheet ( in P'000 ) ( in P'000 ) A. ASSETS (A.1 + A.2 + A.3 + A.4 + A.5 + A.6 + A.7 + A.8 + A.9 + A.10) 3,423,095 3,208,248 A.1 Current Assets (A A A A A.1.5) 1,194,099 1,038,627 A.1.1 Cash and cash equivalents (A A A.1.1.3) 791, ,897 A On hand A In domestic banks/entities 790, ,021 A In foreign banks/entities 1,006 A.1.2 Trade and Other Receivables (A A.1.2.2) 205, ,389 A Due from domestic entities (A A A A ) 205, ,389 A Due from customers (trade) 194, ,235 A Due from related parties 5,570 5,989 A Others, specify (A A ) 13,415 17,773 A Suppliers and Contractors 1,294 10,443 A Accrued Interest and others/ Dividend Receivable 12,121 7,330 A Allowance for doubtful accounts (negative entry) (8,105) (5,607) A Due from foreign entities, specify (A A A A ) A A A A Allowance for doubtful accounts (negative entry) A.1.3 Inventories (A A A A A A.1.3.6) 33,596 35,728 A Raw materials and supplies 33,596 35,728 A Goods in process (including unfinished goods, growing crops, unfinished seeds) A Finished goods A Merchandise/Goods in transit A Unbilled Services (in case of service providers) A Others, specify (A A ) A A A.1.4 Financial Assets other than Cash/Receivables/Equity investments (A A A ,056 23,556 + A A A.1.4.6) A Financial Assets at Fair Value through Profit or Loss - issued by domestic entities: (A A A A A ) A National Government A Public Financial Institutions A Public Non-Financial Institutions A Private Financial Institutions A Private Non-Financial Institutions A Held to Maturity Investments - issued by domestic entities: (A A A A A ) A National Government A Public Financial Institutions A Public Non-Financial Institutions A Private Financial Institutions A Private Non-Financial Institutions NOTE: This special form is applicable to Investment Companies and Publicly-held Companies (enumerated in Section 17.2 of the Securities Regulation Code (SRC), except banks and insurance companies). As a supplemental form to PHFS, it shall be used for reporting Consolidated Financial Statements of Parent corporations and their subsidiaries. Domestic corporations are those which are incorporated under Philippine laws or branches/subsidiaries of foreign corporations that are licensed to do business in the Philippines where the center of economic interest or activity is within the Philippines. On the other hand, foreign corporations are those that are incorporated abroad, including branches of Philippine corporations operating abroad. Financial Institutions are corporations principally engaged in financial intermediation, facilitating financial intermediation, or auxiliary financial services. Non-Financial institutions refer to corporations that are primarily engaged in the production of market goods and non-financial services. Page 1

5 Control No.: SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Table 1. Balance Sheet ( in P'000 ) A Loans and Receivables - issued by domestic entities: (A A A A A ) A National Government A Public Financial Institutions A Public Non-Financial Institutions A Private Financial Institutions A Private Non-Financial Institutions A Available-for-sale financial assets - issued by domestic entities: 27,056 23,556 (A A A A A ) A National Government A Public Financial Institutions A Public Non-Financial Institutions A Private Financial Institutions A Private Non-Financial Institutions 27,056 23,556 A Financial Assets issued by foreign entities: (A A A A ) A Financial Assets at fair value through profit or loss A Held-to-maturity investments A Loans and Receivables A Available-for-sale financial assets A Allowance for decline in market value (negative entry) A.1.5 Other Current Assets (state separately material items) (A A A.1.5.3) 136,323 95,057 A Input taxes 85,401 43,489 A Tax Credit Certificates/ Creditable Withholding taxes 39,826 42,709 A Prepaid Expenses and Others 11,096 8,859 A.2 Property, plant, and equipment (A A A A A A A.2.7+ A.2.8) 302, ,421 A.2.1 Land 3,652 3,652 A.2.2 Building and improvements including leasehold improvement 301, ,623 A.2.3 Machinery and equip ment ( on hand and in transit) 237, ,195 A.2.4 Transportation/motor vehicles, automotive equipment, autos and trucks, and delivery equipment 109,330 98,088 A.2.5 Others, specif y ( A A A A A.2.5.5) 295, ,052 A Property, or equipment used for education purposes A Construction in progress A Aviation equipment 141, ,602 A Helicopter unit and spare parts 100, ,730 A Office furniture, fixtures and equipment 53,658 48,720 A.2.6 Appraisal increase, specify (A A A A A.2.6.5) A A A A A A.2.7 Accumulated Dep reciation ( negative entr y) (644,807) (572,188) A.2.8 Impairment Loss or Reversal (if loss, negative entry) A.3 Investments accounted for using the equity method (A A A A.3.4) 1,364,124 1,291,238 A.3.1 Equity in domestic subsidiaries/affiliates 1,364,124 1,291,238 A.3.2 Equity in foreign branches/subsidiaries/affiliates A.3.3 Others, specify (A A A A A.3.3.5) A A A A A A.4 Investment Property 126, ,592 A.5 Biological Assets A.6 Intangible Assets 17,531 17,531 A.6.1 Maj or item/s, specify ( A A.6.1.2) 17,531 17,531 A Goodwill 17,531 17,531 A A.6.2 Others, specify (A A.6.2.2) A A A.7 Assets Classified as Held for Sale A.8 Assets included in Disposal Groups Classified as Held for Sale Page 2

6 Control No.: SPECIAL FORM FOR CONSOLIDATED FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Table 1. Balance Sheet ( in P'000 ) A.9 Long -term receivables ( net of current p ortion ) ( A A A.9.3) 130, ,098 A.9.1 From domestic entities, specify (A A A.9.1.3) 130, ,098 A Accrued rental receivable 116, ,041 A Deferred rent expense 14,104 15,057 A A.9.2 From foreign entities, specify (A A A.9.2.3) A A A A.9.3 Allowance for doubtful accounts, net of current portion (negative entry) A.10 Other Assets ( A A A A A.10.5) 287, ,741 A.10.1 Deferred charges - net of amortization 216, ,794 A.10.2 Deferred Income Tax 12,093 11,363 A.10.3 Advance/Miscellaneous deposits A.10.4 Others, specify ( A A A A A ) 59,002 93,584 A Refundable deposits 16,961 16,188 A Input taxes 42,041 77,393 A Others 2 A A A.10.5 Allowance for write-down of deferred charges/bad accounts (negative entry) B. LIABILITIES ( B.1 + B.2 + B.3 + B.4 + B.5) 341, ,348 B.1 Current Liabilities ( B B B B B B B.1.7) 199, ,968 B.1.1 Trade and Other Payables to Domestic Entities 190, ,830 (B B B B B B.1.1.6) B Loans/Notes Payables B Trade Payables 61,827 77,201 B Payables to Related Parties 13,416 25,785 B Advances from Directors, Officers, Employees and Principal Stockholders B Accruals, specif y material items ( B B B ) 87,910 72,296 B Personnel Cost, Technical Assistance Fees and Fees on Sales 48,642 41,187 B Utilities and others 26,020 19,473 B Volume Discounts 13,248 11,636 B Others, specify (B B B ) 27,179 32,549 B Non trade payables 18,732 25,980 B Withholding taxes payable 8,447 6,569 B B.1.2 Trade and Other Payables to Foreign Entities (specify) (B B B.1.2.3) B B B B.1.3 Provisions B.1.4 Financial Liabilities (excluding Trade and Other Payables and Provisions) (B B B B B.1.4.5) B B B B B B.1.5 Liabilities for Current Tax B.1.6 Deferred Tax Liabilities 839 B.1.7 Others, specify (If material, state separately; indicate if the item is payable to public/private or financial/non-financial institutions) (B B B B B B.1.7.6) 7,976 7,813 B Dividends declared and not paid at balance sheet date 7,976 7,813 B Acceptances Payable B Liabilities under Trust Receipts B Portion of Long-term Debt Due within one year B Deferred Income B Any other current liability in excess of 5% of Total Current Liabiilities, specify: B B B Page 3

7 SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Control No.: Table 1. Balance Sheet ( in P'000 ) B.2 Long-term Debt - Non-current Interest-bearing Liabilities (B B B B B.2.5) B.2.1 Domestic Public Financial Institutions B.2.2 Domestic Public Non-Financial Institutions B.2.3 Domestic Private Financial Institutions B.2.4 Domestic Private Non-Financial Institutions B.2.5 Foreign Financial Institutions B.3 Indebtedness to Affiliates and Related Parties (Non-Current) B.4 Liabilities Included in the Disposal Groups Classified as Held for Sale B.5 Other Liabilities (B B.5.2) B.5.1 Deferred Tax B.5.2 Others, specify (B B B B B.5.2.5) 141, ,380 B Unearned Rent Income 14,104 15,057 B Accrued Rental Payable 116, ,041 B Rental Deposit 3,016 2,617 B Accrued Retirement Benefits Payable 8,325 10,666 B C. EQUITY (C.3 + C.4 + C.5 + C.6 + C.7 + C.8 + C.9+C.10) 3,081,975 2,852,900 C.1 Authorized Capital Stock (no. of shares, par value and total value; show details) (C.1.1+C.1.2+C.1.3) 2,000,000 2,000,000 C.1.1 Common shares 2,000,000 2,000,000 C.1.2 Preferred Shares C.1.3 Others C.2 Subscribed Capital Stock (no. of shares, par value and total value) (C C C.2.3) C.2.1 Common shares C.2.2 Preferred Shares C.2.3 Others C.3 Paid-up Cap ital Stock ( C C.3.2) 1,250,000 1,250,000 C.3.1 Common shares 1,250,000 1,250,000 C.3.2 Preferred Shares C.4 Additional Paid-in Capital / Capital in excess of par value / Paid-in Surplus 281, ,437 C.5 Minority Interest 47,234 42,285 C.6 Others, specify ( C C C.6.3 ) C.6.1 Share in foreign currency translation adjustment of an associate (153,079) (156,464) (66,114) (66,114) C.6.2 Net change in fair values of available for sale investment 3,385 C.6.3 C.7 Appraisal Surplus/Revaluation Increment in Property/Revaluation Surplus C.8 Retained Earning s ( C C.8.2) 1,665,167 1,345,291 C.8.1 Appropriated C.8.2 Unappropriated 1,665,167 1,345,291 C.9 Head / Home Office Account (for Foreign Branches only) C.10 Cost of Stocks Held in Treasury ( negative entr y) (8,784) TOTAL LIABILITIES AND EQUITY ( B + C) 3,423,095 3,208,248 Page 4

8 Control No.: SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Table 2. Income Statement ( in P'000 ) ( in P'000 ) ( in P'000 ) A. REVENUE / INCOME (A.1 + A.2 + A.3) 1,611,872 1,440,759 1,434,686 A.1 Net Sales or Revenue / Receipts from Operations (manufacturing, 1,111,252 1,121,785 1,014,536 mining,utilities, trade, services, etc.) (from Primary Activity) A.2 Share in the Profit or Loss of Associates and Joint Ventures accounted for 498, , ,350 A.3 Other Revenue (A A A A A.3.5) A.3.1 Rental Income from Land and Buildings A.3.2 Receipts from Sale of Merchandise (trading) (from Secondary Activity) A.3.3 Sale of Real Estate or other Property and Equipment A.3.4 Royalties, Franchise Fees, Copyrights (books, films, records, etc.) A.3.5 Others, specify (A A A A A A A A.3.5.8) A Rental Income, Equipment A A A A A A A A.4 Other Income (non-operating) (A A A A.4.4) 1,945 (4,912) 56,800 A.4.1 Interest Income 12,887 8,857 7,264 A.4.2 Dividend Income A.4.3 Gain / (Loss) from selling of Assets, specify (A A A A.4.3.4) A A A A A.4.4 Others, specify (10,942) (13,769) 49,536 (A A A A.4.4.4) A Gain / ( Loss ) on Foreign Exchan ge (16,654) (21,681) 47,171 A Miscellaneous income 5,712 2,365 A Excess of net book value of minority interest acquired over acquisition cost A Recovery in value of investment property 7,912 B. COST OF GOODS SOLD ( B.1 + B.2 + B.3) 822, , ,490 B.1 Cost of Goods Manufactured ( B B B B B.1.5) 822, , ,490 B.1.1 Direct Material Used 308, , ,701 B.1.2 Direct Labor 126, , ,482 B.1.3 Other Manufacturing Cost / Overhead 387, , ,307 B.1.4 Goods in Process, Beginning B.1.5 Goods in Process, End (negative entry) B.2 Finished Goods, Beginning B.3 Finished Goods, End (negative entry) C. COST OF SALES (C.1 + C.2 + C.3) C.1 Purchases C.2 Merchandise Inventory, Beginning C.3 Merchandise Inventory, End (negative entry) D. GROSS PROFIT (A - B - C) 789, , ,196 NOTE: Pursuant to SRC Rule 68.1 (as amended in Nov. 2005), for fiscal years ending December 31, 2005 up to November 30, 2006, a comparative format of only two (2) years may be filed to give temporary relief for covered companies as the more complex PFRSs will be applied for the first time in these year end periods. After these first time applications, the requirement of three (3) year comparatives shall resume for year end reports beginning December 31, 2006 and onwards. Page 5

9 SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES NAME OF CORPORATION: MACROASIA CORPORATION AND SUBSIDIARIES (CONSOLIDATED) CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Control No.: Table 2. Income Statement ( in P'000 ) ( in P'000 ) ( in P'000 ) E. OPERATING EXPENSES (E.1 + E.2 + E.3 + E.4) 361, , ,660 E.1 Selling or Marketing Expenses 2,903 4,279 4,140 E.2 Administrative Expenses E.3 General Expenses 358, , ,520 E.4 Other Expenses, specify (E E E E E E E.4.7 7,972 + E E E.4.10) E.4.1 Education-related expenditures E.4.2 Impairment loss on available-for-sale investment 2,300 E.4.3 Other charges 5,672 E.4.4 E.4.5 E.4.6 E.4.7 E.4.8 E.4.9 E.4.10 F. FINANCE COSTS (F.1 + F.2 + F.3 + F.4 + F.5) 400 2,438 5,300 F.1 Interest on Short-Term Promissory Notes 400 2,438 5,300 F.2 Interest on Long-Term Promissory Notes F.3 Interest on bonds, mortgages and other long-term loans F.4 Amortization F.5 Other interests, specify (F F F F F.5.5) F.5.1 F.5.2 F.5.3 F.5.4 F.5.5 G. NET INCOME ( LOSS) BEFORE TAX (D - E - F) 427, , ,236 H. INCOME TAX EXPENSE ( negative entry ) (21,025) (23,329) (13,666) I. INCOME( LOSS) AFTER TAX 406, , ,570 J. Amount of (i) Post-Tax Profit or Loss of Discontinued Operations; and (ii) Post- Tax Gain or Loss Recognized on themeasurement of Fair Value less Cost to Sell or on the Disposal of the Assets or Disposal Group(s) constituting the Discontinued Operation (if any) J.1 J.2 K. PROFIT OR LOSS ATTRIBUTABLE TO MINORITY INTEREST 4,948 8,114 1,377 L PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 401, , ,193 M. EARNINGS (LOSS) PER SHARE M.1 Basic M.2 Diluted Page 6

10 SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City COMPANY TYPE HOLDING COMPANY PSIC: Control No.: Table 3. Cash Flow Statements ( in P'000 ) ( in P'000 ) ( in P'000 ) CASH FLOWS FROM OPERATING ACTIVITIES Net Income ( Loss ) Before Tax and Extraordinar y Items 427, , ,236 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation 72,949 50,255 63,141 Amortization, specify Others, specify: Equity in net income of associates (498,675) (323,886) (363,350) Unrealized foreign exchange loss (gain)/impairment loss/recovery in 11,192 14,298 (9) value of investment property Excess of net book value of minority interest acquired over acquisition cost Financing charges/interest income/gain on sale of (12,487) (6,544) (1,977) equipment/dividend income Write-down of Property, Plant, and Equipment Changes in Assets and Liabilities: Decrease (Increase) in: Receivables 11,903 15,160 (41,375) Inventories 2,132 (5,940) 13,193 Other Current Assets (48,470) 21,960 14,256 Others, specify: Interest Received 12,896 8,492 7,282 Financing charges p aid (3,028) (4,839) Increase (Decrease) in: Trade and Other Payables Income and Other Taxes Payable (17,899) (20,207) 38,522 (28,437) 22,811 (13,905) Others, specify: Rental Deposit Provision for doubtful accounts and other losses 2,408 5,709 Retirement Benefits Cost/ Benefits p aid to the fund (2,340) (2,399) 1,941 A. Net Cash Provided by ( Used in ) Operatin g Activities ( sum of above rows) CASH FLOWS FROM INVESTING ACTIVITIES (61,907) 120,064 6,113 (Increase) Decrease in Long-Term Receivables (Increase) Decrease in Investment Reductions/( Additions ) to Propert y, Plant, and Equipmen t (43,222) (78,898) (50,185) Others, specify Dividends received 335, , ,697 Payment on share of deposit for future stock subscription of a subsidiary Payments for deferred mine exploration cos t Proceeds from sales of propert y and equipment/ tax credit certificates (45,266) (76,420) 125 (37,710) 13 Decrease ( increase ) in other noncurrent asset s 41,189 (18,016) (39,292) B. Net Cash Provided by ( Used in ) Investin g Activities ( sum of above rows) 288, , ,523 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from: Loans Long-term Debt Issuance of Securities Others, specify: Notes payable 107,000 Payments of: (Loans) (Long-term Debt) (Stock Subscriptions) Others, specify (negative entry): Notes Pay able (46,570) (60,430) Dividends Paid (81,088) (74,845) (62,351) Acquisition of treasur y shares (8,784) C. Net Cash Provided by ( Used in ) Financin g Activities ( sum of above rows ) (89,872) (121,415) (15,781) Effect of Exchange Rate Changes (12,667) (22,019) 1,599 NET INCREASE IN CASH AND CASH EQUIVALENTS ( A + B + C) 123, , ,455 Cash and Cash Equivalents Beginnin g of year 667, , ,121 End of year 791, , ,575 NOTE: Pursuant to SRC Rule 68.1 (as amended in Nov. 2005), for fiscal years ending December 31, 2005 up to November 30, 2006, a comparative format of only two (2) years may be filed to give temporary relief for covered companies as the more complex PFRSs will be applied for the first time in these year end periods. After these first time applications, the requirement of three (3) year comparatives shall resume for year end reports beginning December 31, 2006 and onwards. Page 7

11 SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Table 4. Statement of Changes in Equity (Amount in P'000) Control No.: Capital Stock Additional Paid-in Capital Warrants Outstanding Revaluation Increment Translation Differences Net change in fair values of Asset Retained Earnings TOTAL A. Balance, ,250, ,437 (385,122) (1,495) 886,838 2,031,658 A.1 Correction of Error(s) A.2 Changes in Accounting Policy B. Restated Balance 1,250, ,437 (385,122) (1,495) 886,838 2,031,658 C. Surplus C.1 Surplus (Deficit) on Revaluation of Properties C.2 Surplus (Deficit) on Revaluation of Investments C.3 Currency Translation Differences 358, ,099 C.4 Other Surplus (specify) C.4.1 Net change in fair value of availablefor-sale investments, net of related tax (2,805) (2,805) C.4.2 C.4.3 C.4.4 C.4.5 D. Net Income (Loss) for the Period 288, ,193 E. Dividends (negative entry) (62,500) (62,500) F. Appropriation for (specify) F.1 F.2 F.3 F.4 F.5 G. Issuance of Capital Stock G.1 Common Stock G.2 Preferred Stock G.3 Others H. Balance, ,250, ,437 (27,023) (4,300) 1,112,531 2,612,645 H.1 Correction of Error (s) H.2 Changes in Accounting Policy I. Restated Balance 1,250, ,437 (27,023) (4,300) 1,112,531 2,612,645 J. Surplus J.1 Surplus (Deficit) on Revaluation of Properties J.2 Surplus (Deficit) on Revaluation of Investments J.3 Currency Translation Differences (39,091) (39,091) J.4 Other Surplus (specify) J.4.1 Net change in fair value of availablefor-sale investments, net of related tax 4,300 4,300 J.4.2 J.4.3 J.4.4 J.4.5 K. Net Income (Loss) for the Period 307, ,760 L. Dividends (negative entry) (75,000) (75,000) M. Appropriation for (specify) M.1 M.2 M.3 M.4 M.5 N. Issuance of Capital Stock N.1 Common Stock N.2 Preferred Stock N.3 Others Page 8

12 SPECIAL FORM FOR FINANCIAL STATEMENTS OF PUBLICLY-HELD AND INVESTMENT COMPANIES NAME OF CORPORATION: MACROASIA CORPORATION AND SUBSIDIARIES (CONSOLIDATED) CURRENT ADDRESS: 12th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City Table 4. Statement of Changes in Equity (Amount in P'000) Control No.: Capital Stock Additional Paid-in Capital Warrants Outstanding Translation Differences Net change in fair values of Asset Treasury Shares Retained Earnings TOTAL O. Balance, ,250, ,437 (66,114) 1,345,291 2,810,614 O.1 Correction of Error (s) O.2 Changes in Accounting Policy P. Restated Balance 1,250, ,437 (66,114) 1,345,291 2,810,614 Q. Surplus Q.1 Surplus (Deficit) on Revaluation of Properties Q.2 Surplus (Deficit) on Revaluation of Investments Q.3 Currency Translation Differences (90,350) (90,350) Q.4 Other Surplus (specify) Q.4.1 Net change in fair value of available-for-sale investments, net of related tax 3,385 3,385 Q.4.2 Acquisition of treasury shares (8,784) (8,784) Q.4.3 Q.4.4 Q.4.5 R. Net Income (Loss) for the Period 401, ,126 S. Dividends (negative entry) (81,250) (81,250) T. Appropriation for (specify) T.1 T.2 T.3 T.4 T.5 U. Issuance of Capital Stock U.1 Common Stock U.2 Preferred Stock U.3 Others V. Balance, ,250, ,437 (156,464) 3,385 (8,784) 1,665,167 3,034,741 Page 9