Financial Position of SM (amounts in billion pesos)

VERTICAL ANALYSIS

ACCOUNTS 12/31/2018 % CHANGE

Current Assets P241.7 22.79%
Noncurrent Assets 818.9 77.21%
Total Assets P1060.6 100%

Current Liabilities P212.7 20.05%

Noncurrent Liabilities 355.6 33.53%
Total Liabilities 568.3 53.58%
Total Equity 492.3 46.42%
Total Liabilities and Equity P1060.6 100%

ACCOUNTS 12/31/2017 % CHANGE

Current Assets P212.5 22.13%
Noncurrent Assets 747.6 77.87%
Total Assets P960.1 100%

Current Liabilities P175.9 18.32%

Noncurrent Liabilities 330.4 34.41%
Total Liabilities 506.3 52.73%
Total Equity 453.8 47.27%
Total Liabilities and Equity P960.1 100%

Solutions for 12/31/2018:

241.7
Current Assets = 1060.6 = 0.2279 or 22.79%

818.9
Noncurrent Assets = 1060.6 = 0.7721 or 77.21 %

212.7
Current Liabilities = 1060.6 = 0.2005 or 20.05%

355.6
Noncurrent Liabilities = 1060.6 = 0.3353 or 33.53%
 492.3
Equity = = 0.4642 or 46.42 %
1060.6

Solutions for 12/31/2017:

212.5
Current Assets = 960.1 = 0.2213 or 22.13%

747.6
Noncurrent Assets = 960.1 = 0.7787 or 77.87%

175.9
Current Liabilities = 960.1 = 0.1832 or 18.32%

330.4
Noncurrent Liabilities = 960.1 = 0.3441 or 34.41%

453.8
Equity = 960.1 = 0.4727 or 47.27%

Income Statement (amounts in billion pesos)

ACCOUNTS 12/31/2018 % CHANGE

Revenue P449.8 100%
Cost and Expenses 363.2 80.85%
Income from Operations 86.6 19.25%
Other Charges 12.4 2.76%
Provision from Income Tax 15.6 3.47%
Net Income After Tax 58.6 13.03%
Non-controlling Interests 21.5 4.78%
Net Income Attributable to Owners of the Parent P37.1 8.25%
 ACCOUNTS 12/31/2017 % CHANGE
Revenue P397.9 100%
Cost and Expenses 322.1 80.95%
Income from Operations 75.8 19.05%
Other Charges 10.5 2.64%
Provision from Income Tax 13.8 3.47%
Net Income After Tax 51.5 12.94%
Non-controlling Interests 18.6 4.67%
Net Income Attributable to Owners of the Parent P32.9 8.27%

Solutions for 12/31/2018:

363.2
Cost and Expenses: 449.2 = 0.8085 or 80.85%

86.6
Income from Operations = 449.8 = 0.1925 or 19.25%

12.4
Other Charges = 449.8 = 0.0276 or 2.76%

15.6
Provision from Income Tax = 449.8 = 0.0347 or 3.47%

58.6
Net Income After Tax = 449.8 = 0.1303 or 13.03%

21.5
Non-controlling Interests = 449.8 = 0.0478 or 4.78%

37.1
Net Income Attributable to Owners of the Parent = = 0.0825 or 8.25%
449.8

Solutions for 12/31/2017:

322.1
Cost and Expenses = 397.9 = 0.8095 or 80.95%

75.8
Income from Operation = 397.9 = 0.1905 or 19.05%

10.5
Other Charges = 397.9 = 0.0264 or 2.64%
 13.8
Provision for Income Tax = 397.9 = 0.0347 or 3.47%

51.5
Net Income After Tax = 397.9 = 0.1294 or 12.94%

18.6
Non-controlling Interests =397.9 = 0.0467 or 4.67%

32.9
Net Income Attributable to Owners of the Parent = 397.9 = 0.0827 or 8.27%