Financials Mega World

8/12/2019 Financials Mega World

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Notes 2012

CAPITAL STOCK 24 Balance at beginning of year 25829203626 Additional issuances during the year 3109659359

Balance at end of year 28938862985

ADDITIONAL PAID-IN CAPITAL 24 8432990413

TREASURY STOCK - At Cost 24 Balance at beginning of year -1188836744

Reduction representing the shares held by adeconsolidated subsidiary 555115114 Additions during the year -

Balance at end of year -633721630

NET UNREALIZED GAINS ON AVAILABLE-FOR-SALE SECURITIES 8 Balance at beginning of year 121203880 Other comprehensive income (loss) for the year 593620712


ACCUMULATED TRANSLATION ADJUSTMENTS 2.4 Balance at beginning of year -261301420 Other comprehensive loss for the year, net of tax -165188492

Balance at end of year -426489912

RETAINED EARNINGS Balance at beginning of year 28022891787 Net profit attributable to the companys shareholders 7294070482 Cash dividends 24 -839193763


Total Equity Attributable to the Companys Shareholders 71504234954

Consolidated Statements of Changes in EquiFor the Years Ended December 31, 2012, 2011 and 2010 (Amoun


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NON-CONTROLLING INTERESTS 10 Balance at beginning of year 11815953737 Additions (deductions) -2043697906 Net profit attributable to non-controlling interests 113102786


TOTAL EQUITY 81389593571


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2011 2010

25829203626 25829203626- -

25829203626 25829203626

8432990413 8432990413

-633721630 -1188836744

- 555115114-555115114 -

-1188836744 -633721630

3809613412 116256567-3688409532 3693356845

121203880 3809613412

-252335270 -121744648-8966150 -130590622

-261301420 -252335270

20590273079 160439779698031884511 5026180575-599265803 -479885465

28022891787 20590273079

60956151542 57776023630

ys in Philippine Pesos)


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743113007 72386937710949035272 -40088399

123805458 59332029

11815953737 743113007

72772105279 58519136637


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NET PROFIT FOR THE YEAR

OTHER COMPREHENSIVE INCOME/LOSS Net unrealized gains (losses) on available-for-sale (AFS) securitiesShare in other comprehensive income (loss) of associatesReclassification adjustments for gains on disposed AFS securities included in profit or lossReversal of unrealized losses on AFS securities of a deconsolidated subsidiary

Translation adjustmentsLess related Tax

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

Total comprehensive income attributable to:Companys shareholders Non-controllinginterests

Consolidated StatementsFor The Years Ended December 31, 2012, 2


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NOTES 2012 20117407173268 8155689969

8 592528177 -69052516710 1092535 -1473658 0 -2997737000

0 0593620712 -3688409532-235983560 -12,808,786

22,2.4 70795068 3842636-165188492 -8966150

428432220 -36973756827835605488 4458314287

7,722,502 4,334,508,829113,102,786 123,805,458

f Comprehensive Income11 and 2010 (Amounts in Philippine Pesos)


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Amount Amount

2011 2010 2011 2012

15,887,590,800 13,110,567,020 2,777,023,780 2,285,480,2931,218,788,823 933,424,160 285,364,663 108,752,8881,970,174,052 1,355,982,007 614,192,045 36,985,6323,826,341,215 2,694,310,554 1,132,030,661 1,168,427,982392,171,105 232,757,023 159,414,082 70,142,341

23,295,065,995 18,327,040,764 4,968,025,231 3,669,789,136

597,834,536 442,281,307 155,553,229 196,512,9724,732,197,210 1,772,461,024 2,959,736,186 -1,939,971,5685,330,031,746 2,214,742,331 3,115,289,415 -1,743,458,596

28,625,097,741 20,541,783,095 8,083,314,646 1,926,330,540

10,157,277,262 8,606,699,164 1,550,578,098 1,333,897,121223,731,697 124,463,666 99,268,031 11,709,936

10,381,008,959 8,731,162,830 1,649,846,129 1,345,607,057

3,055,851,217 2,431,379,388 624,471,829 132,466,0884,116,225,061 2,140,225,634 1,975,999,427 817,968,594903,526,435 544,401,114 359,125,321 140,864,604

1,995,469,148 1,609,101,525 386,367,623 255,267,850

10,071,071,861 6,725,107,661 3,345,964,200 1,346,567,13620,452,080,820 15,456,270,491

8,173,016,921 5,085,512,604 3,087,504,317 -765,843,65317,326,952 17,326,952 -17,326,952

8,155,689,969 5,085,512,604 3,070,177,365 -748,516,701

8,031,884,511 5,026,180,575 3,005,703,936 -737,814,029123,805,458 59,332,029 64,473,429 -10,702,672

8,155,689,969 5,085,512,604 3,070,177,365 -748,516,701

0.319 0.2

0.319 0.2

unts in Philippine Pesos) Horizonta


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% Change % Change

2011 2012 2010 2011

21% 14%31% 9%45% 2%42% 31%68% 18%27% 16% 100% 100%

35% 33% 3% 3%167% -41% 10% 20%141% -33% 13% 23%

39% 7%

18% 13% 43% 44%80% 5% 1% 1%19% 13% 43% 45%

26% 4% 12% 13%92% 20% 18% 18%66% 16% 4% 4%24% 13% 8% 9%

50% 13% 42% 43%

61% -9% 27% 35%1732695200% -100% 0% 0%

60% -9% 27% 35%

60% -9% 27% 34%109% -9% 0% 1%

60% -9% 27% 35%

l Analysis Vertical Analysis


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Average2012 2010 2011 2012

100% 121% 139% 2,531,252,037 100% 131% 142% 197,058,776 100% 145% 148% 325,588,839 100% 142% 185% 1,150,229,322 100% 168% 199% 114,778,212

100% 100% 127% 147% 4,318,907,184

2% 100% 135% 180% 176,033,101 10% 100% 267% 158% 509,882,309 12% 100% 241% 162% 685,915,410

100% 139% 149% 5,004,822,593

47% 100% 118% 134% 1,442,237,610 1% 100% 180% 189% 55,488,984

48% 100% 119% 134% 1,497,726,593

13% 100% 126% 131% 378,468,959 12% 100% 192% 231% 1,396,984,011

3% 100% 166% 192% 249,994,963 9% 100% 124% 140% 320,817,737

37% 100% 150% 170% 2,346,265,668

28% 100% 161% 146% 1,160,830,332 0%

28% 100% 160% 146% 1,160,830,332

27% 100% 160% 145% 1,133,944,954 0% 100% 209% 191% 26,885,379

28% 100% 160% 146% 1,160,830,332

HorizTrend Analysis


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Projected Average Projected Average

20,704,323,130 120%1,524,600,487 124%2,332,748,523 131%6,144,998,519 142%

577,091,658 156%31,283,762,315 100% 27,145,879,519 125%

970,380,609 2% 675,882,005 138%3,302,107,951 15% 4,069,907,025 175%4,272,488,560 4,745,789,030 168%

35,556,250,874 31,891,668,549 129%

12,933,411,993 45% 12,292,258,036 117%290,930,617 1% 222,535,280 156%

13,224,342,609 46% 12,514,793,315 118%

3,566,786,264 13% 3,581,171,571 119%6,331,177,666 15% 3,983,374,146 174%1,294,386,002 3% 929,623,861 153%2,571,554,735 9% 2,354,360,797 121%

13,763,904,665 10,848,530,375 140%

8,568,003,600 31% 8,528,344,859 135%0% 10,095,600

8,568,003,600 31% 8,538,440,459 135%

8,428,015,436 31% 8,402,172,553 135%139,988,165 0% 116,076,705 166%

8,568,003,600 31% 8,518,249,258 135%

ontal Vertical TProjected


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Net Cash From (Used in) Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIESProceeds from exercise of stock rights and warrants 24Payments of long-term liabilitiesInterest paid

Cash dividends paid 24Proceeds from availments of long-term liabilities 14, 15

Net Cash From (Used in) Financing Activities

NET INCREASE (DECREASE) IN CASH AND CASHEQUIVALENTSBEGINNING BALANCE OF CASH AND CASH EQUIVALENTS OFACQUIRED SUBSIDIARIESPREACQUISITION CHANGES IN CASH AND CASHEQUIVALENTS OF ACQUIRED SUBSIDIARIES

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEARCASH AND CASH EQUIVALENTS AT END OF YEAR


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2012 2011

9,657,910,266 10,151,159,117

-1,840,964,871 -1,618,727,549887,476,458 818,237,019-794,347,508 -597,834,536752,578,923 566,641,13795,491,514 --64,200,000 7,851,631-53,887,430 -32,661,662

- -2,242,526,309

8,640,057,352 7,052,138,848-1,904,743,617 -2,332,556,852-9,372,972,184 -1,056,701,557

725,377,207 -236,023,249-77,529,292 -660,103,590105,564,033 698,482,342624,802,137 2,461,337,793

1,868,983,034 -543,697,5741,181,324,244 1,195,329,2121,499,066,031 1,535,423,535

461,175,874 149,045,6093,751,104,819 8,262,674,517-1,773,286,565 -1,259,507,9021,977,818,254 7,003,166,615

-4,871,545,620 -2,874,137,207-201,938,395 -87,466,426-53,602,987 -2,803,899,896

-422,898,535 -2,049,692,784-71,418,229 3,944,596,595

1,768,082,480 1,618,727,549428,410,000 -

-1,248,571,429 --48,924,764 -179,971,65053,887,430 32,661,662

n Philippine Pesos)


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-4,668,520,049 -2,399,182,157

3,109,659,359 --1,889,072,723 -4,934,748,567-1,518,454,819 -818,237,019

-839,193,763 -599,265,803330,000,000 9,013,788,580-807,061,946 2,661,537,191

-3,497,763,741 7,265,521,649

- 1624146150

- -596,773,562

30,324,479,180 22,031,584,94326,826,715,439 30,324,479,180


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Note

ASSETS

CURRENT ASSETSCash and Cash Equivalents 5Trade and Other Receivables - net 6Financial assets at fair value through profit or loss 7Residential and codominium units for sale 3Property development costs 3Prepayments and other current assets - net 2

Total Current Assets

NON-CURRENT ASSETSTrade and other receivables 6Advances to landowners and joint ventures 9Land for future development 2Investments in available-for-sale securities 8

Investments in an a vances to associates an ot er re ateparties 10Investment property - net 11Property and equipment - net 12Deferred tax assets - net 22Other non-current assets 13

Total Non-current Assets

TOTAL ASSETS

LIABILITIES AND EQUITY

CURRENT LIABILITIESInterest-bearing loans and borrowings 14Trade and other payables 16Customers deposits 2Income tax payableReserve for property development 2Deferred income on real estate sales 2Other current liabilities 17

Total Current Liabilities

NON-CURRENT LIABILITIESInterest-bearing loans and borrowings 14

Megaworld Corporation and Su

December 31, 2012 and 20Consolidated Statements of Financ

(Amount in Philippine PesMegaworld Corporation and Su


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Bonds payable 15Customers deposits 2Reserve for property development 2Deferred income on real estate sales 2Deferred tax liabilities - net 22Advances from other related parties 23Retirement benefit obligation 21

Other non-current liabilities 17

Total Non-current Liabilities

Total Liabilities

EQUITY 24Total equity attributable to the companys shareholdersNon-controlling interests

Total Equity

TOTAL LIABILITIES AND EQUITY


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20/31

13,556,628,075.00 13,538,914,490.00 17,713,585.00 1,741,951,677.00 456,003,854.00 1,285,947,823.00 4,094,681,043.00 3,719,081,747.00 375,599,296.00 2,311,173,838.00 1,809,305,117.00 501,868,721.00 5,814,797,077.00 5,112,895,527.00 701,901,550.00

692,604,550.00 210,242,443.00 482,362,107.00 390,201,956.00 285,421,740.00 104,780,216.00

2,058,307,552.00 1,943,654,006.00 114,653,546.00

35,570,915,218.00 33,066,994,312.00 2,503,920,906.00

61,334,613,875.00 56,223,421,385.00 5,111,192,490.00

71,504,234,954.00 60,956,151,542.00 10,548,083,412.00 9,885,358,617.00 11,815,953,737.00 (1,930,595,120.00)

81,389,593,571.00 72,772,105,279.00 8,617,488,292.00

142,724,207,446.00 128,995,526,664.00 13,728,680,782.00


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% Change2012 2011 2012 2011

-12% 19% 24% 88% 100%-11% 11% 13% 89% 100%53% 0% 0% 153% 100%48% 20% 15% 148% 100%-2% 6% 7% 98% 100%5% 1% 1% 105% 100%

5% 57% 60% 105% 100%

18% 17% 16% 118% 100%-3% 3% 3% 97% 100%-1% 3% 3% 99% 100%26% 2% 2% 126% 100%

15% 5% 5% 115% 100%34% 12% 10% 134% 100%10% 0% 0% 110% 100%

476% 0% 0% 576% 100%8% 0% 0% 108% 100%

19% 43% 40% 119% 100%

11% 100% 100% 111% 100%

-19% 1% 2% 81% 100%8% 6% 6% 108% 100%

16% 3% 3% 116% 100%-66% 0% 0% 34% 100%22% 4% 4% 122% 100%20% 3% 3% 120% 100%0% 1% 1% 100% 100%

11% 18% 18% 111% 100%

-18% 3% 5% 82% 100%

Analysis Vertical Analysis Trend Analysis


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0% 9% 10% 100% 100%282% 1% 0% 382% 100%10% 3% 3% 110% 100%28% 2% 1% 128% 100%14% 4% 4% 114% 100%

229% 0% 0% 329% 100%37% 0% 0% 137% 100%

6% 1% 2% 106% 100%

8% 25% 26% 108% 100%

9% 43% 44% 109% 100%

17% 50% 47% 117% 100%-16% 7% 9% 84% 100%

12% 57% 56% 112% 100%

11% 100% 100% 111% 100%


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Average Projected

94% 25,279,557,580.23 28,575,597,309.50 26,927,577,444.87 95% 14,527,092,797.83 16,262,075,971.50 15,394,584,384.66

127% 212,412,277.69 109,203,260.00 235,000,000.00 124% 35,847,628,474.44 24,193,639,741.50 30,020,634,107.97 99% 8,551,797,643.38 8,685,886,254.00 8,618,841,948.69

102% 1,928,050,305.70 1,842,789,981.00 1,885,420,143.35

103% 83,872,969,529.40 79,669,192,517.50 81,771,081,023.45

109% 26,109,727,587.59 22,062,599,643.00 24,086,163,615.29 99% 3,731,432,233.59 3,835,563,296.50 3,783,497,765.04

100% 4,303,891,193.08 4,345,578,799.50 4,324,734,996.29 113% 3,674,630,134.89 2,924,267,148.50 3,299,448,641.70

108% 8,379,913,505.15 7,264,084,595.50 7,821,999,050.33 117% 19,495,217,293.64 14,502,163,164.00 16,998,690,228.82 105% 627,928,720.20 568,912,704.00 598,420,712.10 338% 142,889,981.01 24,796,600.50 83,843,290.75 104% 684,400,041.20 633,510,216.00 658,955,128.60

109% 66,731,197,474.40 56,161,476,167.50 61,446,336,820.95

105% 150,319,102,922.47 135,830,668,685.00 143,074,885,803.73

91% 1,440,029,720.11 1,768,854,900.00 1,604,442,310.06 104% 8,226,462,000.09 7,598,491,903.00 7,912,476,951.54 108% 4,531,844,068.29 3,901,729,900.50 4,216,786,984.39 67% 8,418,528.72 24,729,247.00 16,573,887.86

111% 6,916,481,612.47 5,669,459,154.50 6,292,970,383.48 110% 4,532,987,523.89 3,786,563,357.50 4,159,775,440.70 100% 1,715,362,959.61 1,710,234,402.50 1,712,798,681.05

106% 27,214,115,839.14 24,460,062,865.00 25,837,089,352.07

91% 4,467,618,145.54 5,451,022,419.00 4,959,320,282.27

TrendProjected


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100% 13,565,496,455.25 13,547,771,282.50 13,556,633,868.87 241% 4,198,135,925.40 1,098,977,765.50 2,648,556,845.45 105% 4,301,447,043.55 3,906,881,395.00 4,104,164,219.28 114% 2,631,712,880.09 2,060,239,477.50 2,345,976,178.79 107% 6,213,926,597.61 5,463,846,302.00 5,838,886,449.81 215% 1,487,130,586.91 451,423,496.50 969,277,041.71 118% 461,824,820.53 337,811,848.00 399,818,334.26

103% 2,119,015,954.54 2,000,980,779.00 2,059,998,366.77

104% 36,917,677,451.96 34,318,954,765.00 35,618,316,108.48

105% 64,122,535,795.19 58,779,017,630.00 61,450,776,712.60

109% 77,690,916,818.97 66,230,193,248.00 71,960,555,033.48 92% 9,077,779,917.46 10,850,656,177.00 9,964,218,047.23

106% 86,208,568,279.78 77,080,849,425.00 81,644,708,852.39

105% 150,319,102,922.47 135,859,867,055.00 143,089,484,988.73


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28,575,597,309.50 27,424,607,599.10 25,903,976,402.26 17,569,976,376.44 17,117,427,187.78 16,117,427,187.78

235,000,000.00 235,000,000.00 235,000,000.00 35,847,628,474.44 30,847,628,474.44

8,685,886,254.00 9,551,797,643.38 1,842,789,981.00 2,928,050,305.70

92,756,878,395.38 88,104,511,210.40

24,062,599,643.00 27,538,852,647.45 3,835,563,296.50 3,731,432,233.59 4,345,578,799.50 5,303,891,193.08 3,924,267,148.50 3,924,267,148.50

7,264,084,595.50 8,264,084,595.50 14,502,163,164.00 17,002,163,164.00

568,912,704.00 668,912,704.00 24,796,600.50 43,796,600.50

633,510,216.00 659,510,216.00

59,161,476,167.50 67,136,910,502.62

151,918,354,562.88 155,241,421,713.02

1,768,854,900.00 1,368,854,900.00 7,598,491,903.00 7,912,476,951.54 3,901,729,900.50 5,193,247,506.00

24,729,247.00 42,729,247.00 5,669,459,154.50 6,292,970,383.48 3,786,563,357.50 4,159,775,440.70 1,710,234,402.50 1,710,234,402.50

24,460,062,865.00 26,680,288,831.22

5,451,022,419.00 4,467,618,145.54


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13,547,771,282.50 15,556,628,075.00 1,098,977,765.50 2,648,556,845.45 3,906,881,395.00 7,104,164,219.28 2,060,239,477.50 4,345,976,178.79 5,463,846,302.00 5,838,886,449.81

451,423,496.50 451,423,496.50 337,811,848.00 378,201,956.00

2,000,980,779.00 2,000,980,779.00

34,318,954,765.00 42,792,436,145.37

58,779,017,630.00 69,472,724,976.59

66,230,193,248.00 77,690,916,818.97 10,850,656,177.00 8,077,779,917.46

77,080,849,425.00 85,768,696,736.43

135,859,867,055.00 155,241,421,713.02


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1,807,234,630.00 2,049,865,776.00 25,019,480,809.00 28,274,613,404.00

(242,631,146.00) (0.12) (3,255,132,595.00) (0.12)

(213,912,254.40) (2,880,383,414.18)

6,672,826,570.31 1,564,603,484.00 1/3

22,139,097,394.82 2,224,275,523.44 23,703,700,878.82 12,000,000.00 12,000,000.00 23,691,700,878.82

23,691,700,878.82 25,903,976,402.26

30,683,023.00 18,300.00

111,415.00 30,589,908.00

13,228,178,001.00 15,414,359,792.00 18,364,972.00 18,458,087.00

1,399,294,183.00 1,173,135,782.00

736,593,641.00 609,413,603.00

(2,186,181,791.00) (0.14) (93,115.00) (0.01)

226,158,401.00 0.19 127,180,038.00 0.21

(1,876,120,855.11) 11,352,057,145.89 (92,645.27) 18,272,326.73

269,757,465.26 1,669,051,648.26 153,721,555.92 890,315,196.92

13,893,151,664.34 16,117,427,187.78

23,924,555,970.00 20,207,201,820.00 12,224,936.00 12,224,936.00


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23,912,331,034.00 3,825,800.00 14,065,568.00

3,717,354,150.00 0.18

(10,239,768.00) (0.73)

4,401,205,481.80 28,325,761,451.80 (2,785,191.78) 1,040,608.22

28,314,577,124.02

30,538,852,647.45


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Year Current ratio Quick asset Ratio Debt Ratio Profit Margin

2011 3.353901359 2.51 0.43585559 0.2849139612012 3.17238649 2.05 0.429742193 0.242449328

Projected


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Return on Assets Return on EquityAccounts receivable

TurnoverInventoryTurnover

Debt capitalRatio

Equity capitalRatio

6% 0.11 1.76023638 #REF! 31% 69%5% 0.09 1.878691769 #REF! 30% 70%


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EPSStockPrice

Financials Mega World

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