San Miguel Corporation

Income Statement
As of December 31, 2009 and December 31, 2010
Dec 31
2009
Revenues
174,213.00
Total Revenues
174,213.00
Cost Of Goods Sold
125,247.00
Gross Profit
48,966.00
Selling General & Admin Expenses, Total
25,832.00
R & D Expenses
212.00
Depreciation & Amortization, Total
2,331.00
Other Operating Expenses
922.00
Other Operating Expenses, Total
29,297.00
Operating Income
19,669.00
Interest Expense
-7,355.00
Interest And Investment Income
5,989.00
Net Interest Expense
-1,366.00
Income (Loss) On Equity Investments
2,816.00
Currency Exchange Gains (Loss)
-3,364.00
Other Non-Operating Income (Expenses)
706.00
Ebt, Excluding Unusual Items
18,461.00
Impairment Of Goodwill
-33.00
Gain (Loss) On Sale Of Investments
50,467.00
Gain (Loss) On Sale Of Assets
Other Unusual Items, Total
-4,560.00
Ebt, Including Unusual Items
64,335.00
Income Tax Expense
3,706.00
Minority Interest In Earnings
-2,830.00
Earnings From Continuing Operations
60,629.00
Earnings From Discountinued Operations
Net Income
57,799.00
Net Income To Common Including Extra Items
56,518.00
Net Income To Common Excluding Extra Items
56,518.00

Dec 31
2010
246,109.00
246,109.00
174,586.00
71,523.00
32,623.00
236.00
2,822.00
1,065.00
36,746.00
34,777.00
-15,678.00
3,023.00
-12,655.00
6,817.00
6,097.00
-374.00
34,662.00
4,029.00
529.00
-3,726.00
35,494.00
11,438.00
-3,965.00
24,056.00
20,091.00
14,268.00
14,268.00

San Miguel Corporation

Balance Sheet
As of December 31, 2009 and December 31, 2010
Dec 31
2009
ASSETS
Cash And Equivalents
Trading Asset Securities
Total Cash And Short Term Investments
Accounts Receivable
Notes Receivable
Other Receivables
Total Receivables
Inventory
Prepaid Expenses
Other Current Assets
Total Current Assets
Gross Property Plant And Equipment
Accumulated Depreciation
Net Property Plant And Equipment
Goodwill
Long-Term Investments
Loans Receivable, Long Term
Deferred Tax Assets, Long Term
Deferred Charges, Long Term
Other Intangibles
Other Long-Term Assets
Total Assets
Liabilities & Equity
Accounts Payable
Accrued Expenses
Short-Term Borrowings
Current Portion Of Long-Term Debt/Capital Lease
Current Portion Of Capital Lease Obligations
Current Income Taxes Payable
Other Current Liabilities, Total
Total Current Liabilities
Long-Term Debt
Capital Leases
Minority Interest
Pension & Other Post-Retirement Benefits
Deferred Tax Liability Non-Current
Other Non-Current Liabilities
Total Liabilities
Total Preferred Equity
Common Stock

209,411.00

Dec 31
2010

8,883.00
4,446.00
3,630.00
12,892.00
438,491.00

125,188.00
193.00
125,381.00
39,141.00
3,997.00
30,076.00
73,214.00
64,503.00
12,457.00
3,983.00
279,538.00
403,225.00
-95,152.00
308,073.00
30,251.00
155,396.00
22,435.00
7,134.00
6,606.00
10,980.00
9,387.00
829,800.00

8,791.00
4,394.00
56,789.00
1,090.00
13.00
4,186.00
18,779.00
94,029.00
72,116.00
17.00
27,121.00
192.00
12,037.00
19,162.00
197,553.00
4,852.00
16,150.00

34,591.00
4,371.00
74,128.00
23,495.00
10,946.00
10,001.00
31,638.00
178,224.00
157,406.00
197,461.00
50,794.00
132.00
13,752.00
16,000.00
562,975.00
4,852.00
16,343.00

209,411.00
14,459.00
2,785.00
31,525.00
48,769.00
31,045.00
5,477.00
3,411.00
298,113.00
121,404.00
-55,485.00
65,919.00
6,408.00
38,200.00

Additional Paid In Capital

Retained Earnings
Treasury Stock
Comprehensive Income And Other
Total Common Equity
Total Equity
Total Liabilities And Equity

99,085.00
157,408.00
-69,541.00
5,863.00
208,965.00
240,938.00
438,491.00

101,406.00
156,215.00
-69,541.00
6,756.00
211,179.00
266,825.00
829,800.00

San Miguel Corporation

Cash Flow
As of December 31, 2009 and December 31, 2010
Dec 31
2009
Net Income
57,799.00
Depreciation & Amortization
14,507.00
Amortization Of Goodwill And Intangible Assets
217.00
Depreciation & Amortization, Total
14,724.00
Amortization Of Deferred Charges
575.00
(Gain) Loss On Sale Of Investment
-50,630.00
Asset Writedown & Restructuring Costs
(Income) Loss On Equity Investments
-2,816.00
Net Cash From Discontinued Operations
Change In Accounts Receivable
558.00
Change In Inventories
1,085.00
Change In Accounts Payable
6,393.00
Change In Income Taxes
-8,345.00
Change In Other Working Capital
-874.00
Cash From Operations
13,368.00
Capital Expenditure
-5,825.00
Cash Acquisitions
-1,494.00
Sale (Purchase) Of Real Estate Properties
-424.00
Investments In Marketable & Equity Securities
49,356.00
Cash From Investing
49,155.00
Short-Term Debt Issued
691,093.00
Long-Term Debt Issued
67,786.00
Total Debt Issued
758,879.00
Short Term Debt Repaid
-683,569.00
Long Term Debt Repaid
-44,669.00
Total Debt Repaid
-728,238.00
Issuance Of Common Stock
6,601.00
Common Dividends Paid
Preferred Dividends Paid
Common And/Or Preferred Dividends Paid
-3,301.00
Total Dividend Paid
-3,301.00
Special Dividend Paid
Other Financing Activities
-1,877.00
Cash From Financing
32,550.00
Foreign Exchange Rate Adjustments
-2,601.00
Miscellaneous Cash Flow Adjustments
Net Change In Cash
92,472.00

Dec 31
2010
20,091.00
9,255.00
202.00
9,457.00
1,808.00
-5,020.00
-6,817.00
12,241.00
2,178.00
7,581.00
-5,202.00
-3,686.00
45,314.00
-8,490.00
-18,978.00
-437.00
-98,587.00
-126,931.00
685,768.00
72,937.00
758,705.00
-703,376.00
-33,994.00
-737,370.00
2,314.00
-3,997.30
-5,700.00
-9,697.30
-11,420.70
-4,757.00
-2,226.00
-380.00
-84,223.00