II.

Data Presentation and Analysis:

A. Financial statement Analysis

Philippine Amusement and Gaming Corporation

Comparative Balance Sheet
Horizontal Analysis
2011

2010

Increase/Decrease Percentage

Cash and Cash Equivalents

6,863,073,390

5,726,896,540

1,136,176,850

19.84%

Receivables - Net

1,350,113,947

1,007,806,290

342,307,657

33.97%

Inventories

358,551,708

346,004,515

12,547,193

3.63%

Prepayments

354,660,281

243,586,898

111,073,383

45.60%

8,926,399,326

7,324,294,243

1,602,105,083

21.87%

143,101,780

143,108,780

(7,000)

-0.0049%

ASSETS
Current Assets

Total Current Assets

Non-Current Assets
Investments

Receivables
58,728,618
75,301,058
Property, Plant and Equipment
18,136,506,935 17,987,005,986
- Net
Other Assets
3,194,700,723 2,982,605,276

(16,572,440)

-22.01%

149,500,949

0.83%

212,095,447

7.11%

Total Non-Current Assets

21,533,038,056 21,188,021,100

345,016,956

1.63%

Total Assets

30,459,437,382 28,512,315,343

1,947,122,039

6.83%

LIABILITIES AND EQUITY

Current Liabilities
Accounts Payable

1,971,469,032

1,483,228,524

488,240,508

32.92%

Inter-Agency Payables

2,722,255,004

3,654,470,132

(932,215,128)

-25.51%

Intra-agency Payables

132,712,430

267,080,647

(134,368,217)

-50.31%

Other Liability Accounts

810,100,442

808,093,544

2,006,898

0.25%

Total Current Liabilities

5,636,536,908

6,212,872,847

(576,335,939)

-9.28%

(1,486,550,751)

-11.64%

(16,330,593)

-29.08%

Non-Current Liabilities
Long-Term Liabilities

11,289,018,017 12,775,568,768

Deferred Credits

39,827,570

56,158,163

Total Non-Current Liabilities

11,328,845,587 12,831,726,931

(1,502,881,344)

-11.71%

TOTAL LIABILITIES

16,965,382,495 19,044,599,778

(2,079,217,283)

-10.92%

EQUITY

13,494,054,887 9,467,715,565

4,026,339,322

42.53%

TOTAL LIABILITIES AND

EQUITY

30,459,437,382 28,512,315,343

1,947,122,039

6.83%

Philippine Amusement and Gaming Corporation

Comparative Income Statement
Horizontal Analysis
INCOME

2011

2010

Increase/Decrease Percentage