Assets 2018 2017

Current Assets
Cash and cash equivalents ₱ 3,181,666,656.00 ₱ 1,968,958,985.00 38%
Short-term investment ₱ 11,286,679.00 ₱ 11,184,667.00 1%
Receivables ₱ 1,637,846,048.00 ₱ 1,178,381,987.00 28%
Inventories ₱ 3,543,379,449.00 ₱ 2,747,912,176.00 22%
Prepayments nad other currents assets ₱ 614,451,167.00 ₱ 542,002,461.00 12%
Total Current Assets ₱ 8,988,629,999.00 ₱ 6,448,440,276.00 28%

Noncurrent Assets
PPE ₱ 6,750,513,961.00 ₱ 6,462,474,320.00 4%
Deposits ₱ 937,695,640.00 ₱ 833,756,292.00 11%
Deferred tax assets-net ₱ 254,543,465.00 ₱ 155,785,924.00 39%
Goodwill and other noncurrent assets ₱ 471,264,609.00 ₱ 459,400,138.00 3%
Total Noncurrent Assets ₱ 8,414,017,675.00 ₱ 7,911,416,674.00 6%

Total Assets ₱ 17,402,647,674.00 ₱ 14,359,856,950.00 17%

Liabilities and Equity 2018 2017 0%

Current Liabilities
Bank loans ₱ 410,000,000.00 ₱ 660,000,000.00 -61%
Current portion of long term debt ₱ 371,666,667.00 ₱ 325,000,000.00 13%
Accounts payable and accrued expenses ₱ 5,507,381,058.00 ₱ 4,181,184,416.00 24%
Current portion of contract liabilities ₱ 303,602,274.00 100%
Income tax payable ₱ 327,448,200.00 ₱ 312,063,409.00 5%
Other current liabilities ₱ 2,332,573,535.00 ₱ 1,632,233,892.00 30%
Total Current Liabilities ₱ 9,252,671,734.00 ₱ 7,110,481,717.00 23%

Noncurrent liabilities
Long-term debt, net of current ₱ 468,750,000.00 ₱ 745,833,333.00 -59%
Deposits payable ₱ 289,056,678.00 ₱ 261,749,827.00 9%
Contract liabilities net of current ₱ 193,545,484.00 100%
Net retirement obligations ₱ 117,758,455.00 ₱ 157,569,500.00 -34%
Cumulative redeemable preferred shares ₱ 6,000,000.00 ₱ 6,000,000.00 0%
Deferred revenue ₱ 50,723,103.00
Total noncurent liabilites ₱ 1,075,110,617.00 ₱ 1,221,875,763.00 -14%
Total Liabilities ₱ 10,327,782,351.00 ₱ 8,332,357,480.00 19%

Equity
Common stock ₱ 757,104,533.00 ₱ 757,104,533.00 0%
Additional pain in capital ₱ 293,525,037.00 ₱ 293,525,037.00 0%
Retained Earnings
Appropriated ₱ 5,100,000,000.00 ₱ 4,350,000,000.00 15%
Unappropriated ₱ 911,969,780.00 ₱ 666,193,426.00 27%
Other comprehensive income ₱ 15,189,219.00 -₱ 36,400,280.00 340%
total ₱ 7,077,788,569.00 ₱ 6,030,422,716.00 15%
cost of own shares held in treasury -₱ 2,923,246.00 -₱ 2,923,246.00 0%
total equity ₱ 7,074,865,323.00 ₱ 6,027,499,470.00 15%

Total Liabilities and Equity ₱ 17,402,647,674.00 ₱ 14,359,856,950.00 17%

2018 Statement of Comprehensive Inc
Income 2018
18% Revenue from contracts with customers ₱ 43,770,478,130.00
0% Revenue from merchandise sales
9% Franchise revenue
20% Marketing income
4% Comission income
52% Rental income ₱ 62,704,247.00
Interest income ₱ 17,103,612.00
Other income ₱ 49,843,414.00
39% Totals ₱ 43,900,129,403.00
5%
1% Expenses
3% Cost of merchandise sales ₱ 27,911,183,499.00
48% General and administrative expenses ₱ 13,652,608,770.00
Interest expense ₱ 76,542,124.00
1 Other expenses ₱ 46,486,514.00
Totals ₱ 41,686,820,907.00

Income before income tax ₱ 2,213,308,496.00

Provision of Income tax ₱ 681,552,230.00
Net income ₱ 1,531,756,266.00
Other Comprehensive Income ₱ 51,589,499.00
Total comprehensive income ₱ 1,583,345,765.00
Statement of Comprehensive Income Horizontal Vertical
2017 2016 2018 2017 2018
100%
₱ 32,088,441,776.00 ₱ 28,357,309,168.00 12%
₱ 3,176,699,102.00 ₱ 2,838,308,357.00 11%
₱ 1,252,614,078.00 ₱ 954,246,791.00 24%
₱ 126,707,492.00 ₱ 73,511,203.00 42%
₱ 76,666,882.00 ₱ 63,764,574.00 -22% 17%
₱ 16,403,134.00 ₱ 10,950,898.00 4% 33%
₱ 270,130,224.00 ₱ 233,144,681.00 -442% 14%
₱ 37,007,662,688.00 ₱ 32,531,235,672.00 16% 12%

₱ 23,776,474,291.00 ₱ 21,361,119,960.00 15% 10%

₱ 11,226,202,984.00 ₱ 9,383,857,999.00 18% 16%
₱ 56,559,765.00 ₱ 44,300,104.00 26% 22%
₱ 32,596,899.00 ₱ 31,405,257.00 30% 4%
₱ 35,091,833,939.00 ₱ 30,820,683,320.00 16% 12%

₱ 1,915,828,749.00 ₱ 1,710,552,352.00 13% 11%

₱ 597,958,290.00 ₱ 535,081,961.00 12% 11%
₱ 1,317,870,459.00 ₱ 1,175,470,391.00 14% 11%
-₱ 15,500,762.00 ₱ 1,005,984.00 130% 106%
₱ 1,302,369,697.00 ₱ 1,176,476,375.00 18% 10%
Liabilities and Equity 2018 2017 Change in percentage
Current Liabilities
Bank loans ₱ 410,000,000.00 ₱ 660,000,000.00 -61%
Other current liabilities ₱ 8,842,671,734.00 ₱ 6,450,481,717.00 27%
Total current liabilities ₱ 9,252,671,734.00 ₱ 7,110,481,717.00 23%

Noncurrent liabilities
Long-term debt, net of current
Other noncurrent liabilities
Total noncurrent liabilities
Total Liabilities
₱ 468,750,000.00 ₱ 745,833,333.00 -59%
₱ 606,360,617.00 ₱ 476,042,430.00 21%
₱ 1,075,110,617.00 ₱ 1,221,875,763.00 -14%
₱ 10,327,782,351.00 ₱ 8,332,357,480.00 19%

Equity
Common stock ₱ 757,104,533.00 ₱ 757,104,533.00 0%
Additional pain in capital ₱ 293,525,037.00 ₱ 293,525,037.00 0%
Retained Earnings
Appropriated ₱ 5,100,000,000.00 ₱ 4,350,000,000.00 15%
Unappropriated ₱ 911,969,780.00 ₱ 666,193,426.00 27%
Other comprehensive income ₱ 15,189,219.00 -₱ 36,400,280.00 340%
total ₱ 7,077,788,569.00 ₱ 6,030,422,716.00 15%
cost of own shares held in treasury -₱ 2,923,246.00 -₱ 2,923,246.00 0%
total equity ₱ 7,074,865,323.00 ₱ 6,027,499,470.00 15%

Total liabilities and equity ₱ 17,402,647,674.00 ₱ 14,359,856,950.00

PPE Allocation
Store and Equipments ₱ 3,938,409,840.00 58%
Land ₱ 39,866,865.00 1%
Building and improvements ₱ 36,320,303.00 1%
Leasehold improvements ₱ 2,355,278,810.00 35%
Construction in progress ₱ 380,638,144.00 6%
Total ₱ 6,750,513,962.00

Receivables
Franchisees ₱ 1,017,010,601.00
Suppliers ₱ 607,406,844.00
Employees ₱ 27,956,512.00
Store operators ₱ 21,408,121.00
Rent ₱ 5,138,327.00
Insurance receivable ₱ 1,835,899.00
Others ₱ 11,988,442.00
Totals ₱ 1,692,744,746.00
 Year Ended December 31
2018 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by operating activities ₱ 4,429,224,545.00 ₱ 3,457,747,637.00

CASH FLOWS FROM INVESTING ACTIVITIES

Additions to
Property and equipment -₱ 2,234,656,893.00 -₱ 2,400,793,097.00
Software and other program costs -₱ 263,147.00
Increase in:
Deposits -₱ 95,206,528.00 -₱ 135,656,843.00
Other noncurrent assets -₱ 21,517,179.00 -₱ 6,459,686.00
Short-term investment -₱ 102,012.00 -₱ 101,090.00
Proceeds from sale of property and equipment ₱ 300,000.00
Net cash used in investing activities -₱ 2,351,482,612.00 -₱ 2,542,973,863.00

CASH FLOWS FROM FINANCING ACTIVITIES

Availments of:
Bank loans ₱ 720,000,000.00 ₱ 425,000,000.00
Long term debt ₱ 75,000,000.00 ₱ 600,000,000.00
Payments of:
Bank loans -₱ 970,000,000.00 -₱ 985,000,000.00
Long term debt -₱ 305,416,666.00 -₱ 183,666,667.00
Interest paid -₱ 59,553,145.00 -₱ 55,149,851.00
Cash dividends -₱ 325,259,861.00 -₱ 297,982,960.00
Net cash provided by(used in) financing activities -₱ 865,229,672.00 -₱ 496,799,478.00

Net increase in CASH AND CASH EQUIVALENTS ₱ 1,212,512,261.00 ₱ 417,974,296.00

EFFECTS OF EXCHANGE RATE CHANGES ON CASH ₱ 195,410.00 ₱ 12,016.00
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR ₱ 1,968,958,985.00 ₱ 1,550,972,673.00
CASH AND CASH EQUIVALENTS AT THE END OF YEAR ₱ 3,181,666,656.00 ₱ 1,968,958,985.00
ear Ended December 31
2016

₱ 2,782,554,294.00

-₱ 2,323,397,721.00
-₱ 1,870,967.00

-₱ 104,876,610.00
-₱ 28,055,996.00
-₱ 100,176.00

-₱ 2,458,301,470.00

₱ 1,470,000,000.00
₱ 700,000,000.00

-₱ 1,400,000,000.00
-₱ 126,500,000.00
-₱ 40,877,263.00
-₱ 252,139,428.00
₱ 350,483,309.00

₱ 674,736,133.00
₱ 258,467.00
₱ 875,978,073.00
₱ 1,550,972,673.00