Document 254175

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MANILA BROADCASTING COMPANY
BALANCE SHEETS
As of September 30, 2012 and December 31, 2011
2012 Unaudited
(9 Months)
ASSETS
Current Assets
Cash and cash equivalents
Receivables - net
Due from affiliates
Materials and supplies - net
Prepaid expenses and other current assets
Total Current Assets
Noncurrent Assets
Available-for-sale financial assets
Property and equipment
At cost
At revalued amount
Investment Properties
Intangible Assets
Goodwill
Other Non-current Assets
Total Noncurrent Assets
TOTAL ASSETS
2011 Audited
(1 Year)
50,184,492
310,210,853
93,339,816
9,662,140
5,662,547
469,059,848
73,140,156
296,318,715
88,966,242
9,308,734
5,410,742
473,144,589
25,634,635
25,634,635
97,441,231
122,201,600
67,171,515
106,334,945
38,016,206
6,700,009
463,500,141
932,559,990
62,139,150
122,201,600
73,224,113
115,196,192
38,016,206
6,463,547
442,875,443
916,020,032
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable & accrued expenses
Dividends Payable
Talent fees and commissions payable
Income tax payable
Total Current Liabilities
191,583,064
3,373,995
29,964,869
5,636,749
230,558,677
197,321,811
1,661,994
30,618,538
12,710,746
242,313,089
Non-current Liability
Accrued retirement benefits
Deferred Income Tax Lialibility
Total Noncurrent Liabilities
Total Liabilities
43,365,242
3,427,378
46,792,620
277,351,297
48,075,663
3,427,378
51,503,041
293,816,130
Equity
Capital Stock
Additional paid-in capital
Revaluation increment in land
Reserve for fluctuation in available-for-sale financial assets
Retained earnings
Treasury stock
Total Equity
TOTAL LIABILITIES & EQUITY
402,803,777
79,354
81,154,854
60,000
171,231,495
(120,787)
655,208,693
932,559,990
402,803,777
79,354
81,154,854
60,000
138,226,704
(120,787)
622,203,902
916,020,032
MANILA BROADCASTING COMPANY
STATEMENTS OF COMPREHENSIVE INCOME
For Nine Months Ended September 30, 2012 and 2011
Tentative and Unaudited
2012
(9 Months)
2011
(9 Months)
2012
(Jul- Sep)
2011
(Jul- Sep)
REVENUE
538,094,968
514,352,044
128,788,774
90,520,318
EXPENSES
490,945,268
467,845,857
109,999,610
73,559,610
INCOME BEFORE INCOME TAXES
47,149,701
46,506,187
18,789,165
16,960,708
PROVISION FOR INCOME TAX
14,144,910
13,951,856
5,636,749
5,088,212
NET INCOME
33,004,791
32,554,331
13,152,415
11,872,495
OTHER COMPREHENSIVE INCOME
TOTAL COMPREHENSIVE INCOME
Weighted Average Number of
Shares Outstanding
Basic/Diluted Earnings Per Share
-
-
-
-
33,004,791
32,554,331
13,152,415
11,872,495
402,682,990
402,682,990
402,682,990
402,682,990
0.08
0.08
0.03
0.03
MANILA BROADCASTING COMPANY
STATEMENT OF CASH FLOWS
For Nine Months Ended September 30, 2012 and 2011
Tentative and Unaudited
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustment to reconcile net income to net cash provided
by operating activities :
Depreciation and amortization
Changes in operating assets and liabilities :
Decrease (increase) in :
Receivables
Due from affiliates
Materials and supplies
Prepaid expenses and other current assets
Increase (decrease) in :
Accounts Payable and accrued expenses
Dividends Payable
Due to affiliates
Talent fees and commissions payable
Income tax payable
Net Cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Net addition to property & equipment, investment properties
& intangible assets
Other non-current assets
Accrued retirement benefits
Cash used in investing activities
2012
2011
33,004,791
32,554,331
36,783,842
34,908,590
(13,892,138)
(4,373,574)
(353,406)
(251,805)
(13,650,952)
(1,108,371)
(78,775)
(326,664)
(5,738,747)
1,712,001
0
(653,669)
(7,073,997)
39,163,298
(11,443,915)
(104,309)
0
(1,179,526)
(18,038,891)
21,531,518
(57,172,078)
(236,462)
(4,710,421)
(62,118,961)
(21,316,552)
293,653
(1,606,104)
(22,629,003)
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash provided by (used in) financing activities
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
0
(22,955,664)
73,140,156
50,184,492
0
(1,097,485)
98,066,938
96,969,453
MANILA BROADCASTING COMPANY
STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
For Nine Months Ended September 30, 2012 and 2011
Bal. at December 31, 2011
Capital
Stock
402,803,777
Add'l
Paid-in
Capital
79,354
Revaluation
Increment
in Land
81,154,854
Reserve for
Fluctuation
in Available
for-sale
Financial
Assets
60,000
Net Income Jan.-Sep. 2012
Bal. at Sep. 30, 2012
402,803,777
79,354
81,154,854
60,000
33,004,791
33,004,791
171,231,495 (120,787) 655,208,693
Bal. at December 31, 2010
402,803,777
79,354
81,154,854
40,000
198,167,753 (120,787) 682,124,951
81,154,854
32,554,331
32,554,331
(120,804,842)
(120,804,842)
40,000 109,917,242 (120,787) 593,874,440
Net Income Jan.-Sep. 2011
Cash Dividend Declared
Bal. at Sep. 30, 2011
402,803,777
79,354
Retained
Treasury
Earnings
Stock
Total
138,226,704 (120,787) 622,203,902
Trade
Others
TOTAL
25,572
25,284
288
22,226
21,480
746
17,761
16,260
1,501
46,541
2,991
49,532
188,810
19,943
208,753
28,585
28,229
356
21,719
20,796
923
37,279
35,423
1,856
Age Analysis of Past Due but not Impaired
30-60 days
60-90 days
90-120 days
35,984
229,455
<30 days
33,565
2,419
Age Analysis of Past Due but not Impaired
<30 days
30-60 days
60-90 days
90-120 days
213,326
16,129
September 30, 2011
Neither Past Due
nor Impaired
Trade
Others
TOTAL
September 30, 2012
Neither Past Due
nor Impaired
MANILA BROADCASTING COMPANY
AGING OF ACCOUNTS RECEIVABLE
For Nine Months Ended September 30, 2012 and 2011
In Thousands of Pesos
36,335
Past due and
Impaired
34,031
2,304
37,563
Past due and
Impaired
35,700
1,863
(55,191)
(51,137)
(4,054)
Allowance
(58,351)
(54,412)
(3,939)
Allowance
302,693
24,319
327,012
Total
291,203
19,008
310,211
Total
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