ABS-CBN CORP.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

currency in philippine pesos, in millions
2010 2009 2008 2007

Revenues 27,754.5 22,030.2 19,630.6 17,239.6

Cost of Sales 14,571.5 12,859.7 11,675.1 9,495.4
GROSS PROFIT (Gross Income/Net Revenues) 13,183.0 9,170.5 7,955.5 7,744.2

Selling General & Admin Expenses, Total 7,403.4 5,629.7 4,784.9 4,611.3
Depreciation & Amortization, Total 695.6 662.6 736.1 549.0
Other Operating Expenses 351.1 227.6 228.5 200.0
OTHER OPERATING EXPENSES, TOTAL 8,450.2 6,519.9 5,749.4 5,360.3

INCOME FROM OPERATIONS (Operating Income) 4,732.8 2,650.7 2,206.1 2,383.9

Interest Expense (1,015.8) (883.8) (696.2) (507.2)

Interest and Investment Income 106.7 93.3 90.1 111.9
Income (Loss) on Equity Investments 0.1 (2.3) 5.1 12.0
Currency Exchange Gains (Loss) 218.2 88.9 (26.1) 197.6
Other Non-Operating Income (Expenses) 356.7 496.7 533.8 (130.3)
Gain (Loss) on Sale of Investments (53.9) - - -
Other Unusual Items - - 309.1 189.4
INCOME BEFORE TAX 4,344.9 2,443.4 2,421.8 2,257.2

Income Tax Expense 1,107.7 684.1 1,032.1 986.5

NET INCOME 3,237.2 1,759.4 1,389.7 1,270.8

Attributable to:
Equity holders of the Parent Company 3,178.6 1,702.4 1,383.5 1,266.7
Non-controlling interest (58.6) (57.0) (6.2) (4.0)
3,237.2 1,759.4 1,389.7 1,270.8
source: investing.businessweek.com
ABS-CBN CORP.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
currency in philippine pesos, in millions
2010 2009 2008 2007
ASSETS

Cash 5,821.3 3,337.8 2,524.3 2,145.8

Receivables 5,737.3 5,099.4 4,588.2 4,192.9
Inventory 152.5 169.1 225.7 169.6
Prepaid Expenses 160.0 304.5 212.4 321.9
Other Current Assets 2,710.7 2,368.0 2,569.7 2,046.2
TOTAL CURRENT ASSETS 14,581.9 11,278.8 10,120.2 8,876.4

Property Plant and Equipment 15,195.3 14,714.4 14,735.6 9,467.1

Long-Term Investments 306.2 440.2 414.7 106.0
Deferred Tax Assets, Long Term 961.4 642.2 603.2 184.4
Deferred Charges, Long Term 306.0 243.0 107.0 195.8
Goodwill 2,143.8 2,134.6 1,906.2 20.1
Other Intangibles 2,740.4 2,524.3 2,170.9 1,664.1
Other Long-Term Assets 2,723.8 2,842.5 2,985.5 5,615.0
TOTAL NONCURRENT ASSETS 24,376.9 23,541.2 22,923.1 17,252.5

TOTAL ASSETS 38,958.9 34,820.1 33,043.2 26,128.8

LIABILITIES & EQUITY

Accounts Payable 1,776.9 1,207.5 1,152.9 1,737.7

Accrued Expenses 5,157.9 2,828.5 2,489.6 2,473.8
Short-Term Borrowings 532.0 400.0 737.6 400.0
Current Portion of Long-Term Debt and Capital Lease 143.7 225.3 394.2 187.8
Current Income Taxes Payable 109.6 486.9 490.0 53.6
Other Current Liabilities, Total 1,850.8 2,501.2 2,530.7 1,254.5
Unearned Revenue, Current 1,125.3 827.4 739.7 324.0
TOTAL CURRENT LIABILITIES 10,696.2 8,476.7 8,534.7 6,431.5

Long-Term Debt 8,932.7 8,263.3 7,408.3 4,684.6

Capital Lease Liability 34.3 75.4 174.3 243.4
Pension & Other Post-Retirement Benefits 625.4 790.2 791.9 400.6
Deferred Tax Liability Non-Current 442.7 513.0 632.6 -
Other Non-Current Liabilities 482.1 548.3 353.9 18.7
TOTAL NONCURRENT LIABILITIES 10,517.2 10,190.2 9,361.0 5,347.3

TOTAL LIABILITIES 21,213.3 18,667.0 17,895.8 11,778.9

Common Stock 779.6 779.6 779.6 779.6

Additional Paid in Capital 725.3 725.3 725.3 725.3
Retained Earnings 17,449.6 15,136.3 14,121.3 13,381.0
Other Comprehensive Income (1,357.8) (592.1) (545.8) (581.8)
Equity attributable to equity holders of Parent 17,596.6 16,049.1 15,080.4 14,304.1
Noncontrolling Interest 148.9 104.0 67.0 45.9
TOTAL EQUITY 17,745.5 16,153.1 15,147.4 14,350.0

TOTAL LIABILITIES AND EQUITY 38,958.9 34,820.1 33,043.2 26,128.8

source: investing.businessweek.com
GMA NETWORK INC.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
currency in philippine pesos, in millions

2010 2009 2008 2007

ASSETS
Cash 1,232.4 2,200.2 1,688.1 1,019.7
Short term investments - 23.5 2.1 2.9
Receivables 5,514.9 5,145.4 4,388.4 4,759.5
Inventory 109.0 117.2 88.9 80.9
Prepaid Expenses 257.7 215.2 164.1 209.0
Other Current Assets 813.8 779.2 951.8 817.1
TOTAL CURRENT ASSETS 7,927.7 8,480.7 7,283.4 6,889.1

Property Plant and Equipment 4,275.1 4,427.2 4,426.2 4,060.6

Long-Term Investments 359.8 352.9 356.6 306.9
Deferred Tax Assets, Long Term 45.5 42.2 36.0 31.3
Other Intangibles 39.5 28.9 31.0 32.9
Other Long-Term Assets 224.4 352.3 333.2 364.5
TOTAL NONCURRENT ASSETS 4,944.3 5,203.5 5,183.0 4,796.2

12,871.9 13,684.1 12,466.3 11,685.2

LIABILITIES & EQUITY

Accounts Payable 335.9 503.3 429.9 301.8

Accrued Expenses 1,462.3 1,359.7 1,108.1 1,200.1
Short-Term Borrowings 0.0 0.0 0.0 310.7
Current Income Taxes Payable 241.2 407.8 509.9 624.5
Other Current Liabilities, Total 102.1 83.8 205.2 294.1
TOTAL CURRENT LIABILITIES 2,141.6 2,354.7 2,253.1 2,731.2

Pension & Other Post-Retirement Benefits 252.6 280.5 288.8 274.1

Deferred Tax Liability Non-Current 179.1 168.8 169.3 141.2
TOTAL NONCURRENT LIABILITIES 431.7 449.3 458.1 415.3

TOTAL LIABILITIES 2,573.2 2,804.0 2,711.2 3,146.6

Capital stock 4,864.7 4,864.7 4,864.7 4,864.7

Additional Paid in Capital 1,659.0 1,659.0 1,651.5 1,592.6
Retained Earnings 3,063.0 3,644.3 2,527.2 1,372.4
Treasury Stock (28.5) (28.5) (28.5) (20.7)
Other Comprehensive Income 740.4 740.5 740.2 729.6
TOTAL EQUITY 10,298.6 10,880.1 9,755.1 8,538.6
 12,871.9 13,684.1 12,466.3 11,685.2
source: investing.businessweek.com
GMA NETWORK INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
currency in philippine pesos, in millions

2010 2009 2008

Revenues 12,150.0 11,599.7 10,549.7
Cost of Goods Sold 4,951.0 4,554.7 4,250.7
GROSS PROFIT (Gross Income/Net Revenues) 7,199.0 7,045.0 6,299.0

Selling General & Admin Expenses, Total 3,001.7 2,727.7 2,376.7

Depreciation & Amortization, Total 316.7 367.7 378.4
Other Operating Expenses 173.4 178.1 147.2
OTHER OPERATING EXPENSES, TOTAL 3,491.8 3,273.5 2,902.4

INCOME FROM OPERATIONS (Operating Income) 3,707.2 3,771.5 3,396.6

Interest Expense (3.8) (8.9) (9.1)

Interest and Investment Income 77.3 57.8 68.8
Income (Loss) on Equity Investments 6.9 (11.5) (7.0)
Currency Exchange Gains (Loss) (25.5) (9.2) 0.3
Other Non-Operating Income (Expenses) 18.3 28.6 41.6
Gain (Loss) on Sale of Assets 13.9 10.2 30.6
Other Unusual Items, Total - 0.4 0.8
NET INCOME BEFORE TAX 3,794.2 3,838.9 3,522.7

Income Tax Expense 973.4 1,020.6 1,153.8

NET INCOME 2,820.8 2,818.3 2,368.9
source: investing.businessweek.com
 2007
10,186.8
4,109.2
6,077.6

2,296.1
333.2
132.8
2,762.2

3,315.4

(23.1)
74.4
(3.2)
(19.0)
91.1
(0.8)
17.0
3,451.7

1,144.5
2,307.2
 ABS GMA
CCC Composition
2010 2009 2008 2007 2010 2009
Inventory conversion period 4.03 5.60 6.18 6.52 8.34 8.26
Average collection period 71.26 80.25 81.64 88.77 160.12 150.00
Average payment period 37.38 33.50 45.18 66.80 30.93 37.39
Total CCC 37.91 52.36 42.63 28.50 137.53 120.86
Working capital 3,885.70 2,802.10 1,585.50 2,444.90 5,786.10 6,126.00
GMA
2008 2007
7.29 7.19
158.25 170.54
31.41 26.81
134.13 150.91
5,030.30 4,157.90