Analyze the Historical Financials (Balance Sheet and Income Statement) of Century Pacific Food Group Inc. Focus on analysis instead of historical trends. (ex. avoid saying that assets increases by 10% and show analysis on why this has occured)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Years Ended December 31 Notes 2020 2018 21 22 P37,885,300,679 29,737,566,156 Net Sales Cost of Goods Sold Gross Profit Other Income 23 Operating Expenses Finance Costs Other Expenses 24 17,32 25 P48,301,741,084 36,374,034,421 11,927,706,663 615,688,399 12,543,395,062 6,350,811,842 261,151,374 803,600,697 7,415,563,913 5,127,831,149 1,248,387,296 3,879,443,853 2019 P40,560,362,956 30,836,294,070 9,724,068,886 536,291 593 10,260,360,479 5,332,626,089 369,427,817 519,677,568 6,221,731,474 4,038,629,005 890,031 995 3,148,597,010 8,147,734,523 535 516,845 8,683,251,368 4,720,581,843 196,861,598 163,669,529 5,081, 112,970 33 3,602,138,398 767 865 538 2,834,272,860 Profit Before Tax Income Tax Expense Profit for the Year Other Comprehensive Income (Loss) Item that will not be Reclassified Subsequently to Profit or Loss Remeasurement gain (loss) on retirement benefit obligation - net of tax Item that will be Reclassified subsequently to profit or Loss Exchange differences on translating foreign operations 19 (320,715,746) (64,171,850) 15,556,508 (1,622,167) (322,337,913) (17,072,597) (81,244,447) P 3,067,352, 563 2,770,342 18,326,850 P 3,557,105,940 P2.852,599,210 Total Comprehensive Income Basic and Diluted Earnings Per Share See Notes to consolidated Financial Statements P1.0952 PO.8890 PO.8001 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31 Notes 2019 2018 8 9 27 10 14 ASSETS Current Assets Cash and cash equivalents Trade and other receivables - net Due from related parties Inventories.net Biological assets Prepayments and other current assets - net Total Current Assets Non-current Assets Property, plant and equipment - net Intangible assets.net Right-of-use assets.net Deferred tax assets Other non-current assets Total Non-current Assets P 1,607,844,054 7,000,528,129 261,588,910 11,781,872,041 33,380,356 829,609.933 21,514,823,423 P 1,676,474,926 7,076,376,479 122,847,147 11,655,712,214 42,853,751 467.388.654 21,041, 653,171 5,458,069,440 3,526,008,300 15 12 13 34 16 6,414,543,344 3,504,492,460 705,437,893 359,681,319 89,793,109 11,073,948,125 219,094,587 92.476,882 9.295,649,209 P32,588,771,548 P30,337,302.380 18 17 P 6,832,729,150 2,433,508,587 148,438,723 19,706,847 269,082,105 27 32 LIABILITIES AND EQUITY Current Liabilities Trade and other payables Borrowings - current portion Income tax payable Due to related parties Lease liabilities- current portion Total Current Liabilities Non-Current Liabilities Borrowings - net of current portion Retirement benefit obligation Lease liabilities - net of non current portion Deferred tax liability Total Non-current Liabilities P 7,007,148,870 3,209,500,000 98,640,787 10,581,740 26,779.422 10.352,650.819 9,703,465,412 17 19 32 34 3,103,000,000 78,277,685 78,802,145 3,086,500,000 160,025,025 484,103,079 360 285 3.730,988 389 13,434,453,801 3.260,079.830 13,612,730,649 Equity Share capital Share premium Share-based compensation reserve Other reserves Currency translation adjustment Retained camings 20 20 28 3,542, 258,595 4,936,859,146 8,211,398 30,628,942 25,440,484 10,610,919,182 19,154, 317747 3,542,258,595 4,936,859,146 8,211,398 30,628,942 42,513,081 8.164.100.569 16.724.571.731 P32.588,771,548 P30 337 302 380 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31 Notes 2020 2019 ASSETS 8 9 27 10 14 11 Current Assets Cash and cash equivalents Trade and other receivables - net Due from related parties Inventories - net Biological assets Prepayments and other current assets - net Total Current Assets Non-current Assets Property, plant and equipment.net Intangible assets - net Right-of-use assets - net Deferred tax assets Other non-current assets Total Non-current Assets P 1,229,381,273 7,599,984,172 280,788,885 14,313,100,885 65,726,630 484,492,819 23,973,474,664 P 1,607,844,054 7,000,528,129 261,588,910 11,781,872,041 33,380,356 829,609,933 21.514.823423 15 12 13 34 16 7,290,756,893 3,448,276,612 678,300,084 752,107,229 133,450,144 12,302,890,962 6,414,543,344 3,504,492,460 705,437,893 359,681,319 89,793,109 11,073,948,125 P36,276.365,626 P32.588.771,548 18 17 27 32 LIABILITIES AND EQUITY Current Liabilities Trade and other payables Borrowings - current portion Income tax payable Due to related parties Lease liabilities- current portion Total Current Liabilities Non-Current Liabilities Borrowings - net of current portion Retirement benefit obligation Lease liabilities - net of non current portion Deferred tax liability Total Non-current Liabilities P 9,670,565,636 3,533,466,680 194,877,487 75,894,675 271,207,134 13,746,011,612 P 6,832,729,150 2,433,508,587 148,438,723 19,706,847 269,082,105 9,703,465,412 17 19 32 34 618,902, 329 465,842,247 9.398,845 3,086,500,000 160,025,025 484,103,079 360 285 3.730.988 389 13,434,453,801 1,094,143,421 14,840,155,033 Equity Share capital Share premium Share-based compensation reserve Other reserves Currency translation adjustment Retained earnings 20 20 28 3,542,258,595 4,936,859,146 8,211,398 30,628,942 23,818,317 12.894,434,195 3,542,258,595 4,936,859,146 8,211,398 30,628,942 25,440,484 10.610.919,182 19,154 312 247 21,436,210,593 P36 276,365,626 P32 588 271 548 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Years Ended December 31 Notes 2020 2018 21 22 P37,885,300,679 29,737,566,156 Net Sales Cost of Goods Sold Gross Profit Other Income 23 Operating Expenses Finance Costs Other Expenses 24 17,32 25 P48,301,741,084 36,374,034,421 11,927,706,663 615,688,399 12,543,395,062 6,350,811,842 261,151,374 803,600,697 7,415,563,913 5,127,831,149 1,248,387,296 3,879,443,853 2019 P40,560,362,956 30,836,294,070 9,724,068,886 536,291 593 10,260,360,479 5,332,626,089 369,427,817 519,677,568 6,221,731,474 4,038,629,005 890,031 995 3,148,597,010 8,147,734,523 535 516,845 8,683,251,368 4,720,581,843 196,861,598 163,669,529 5,081, 112,970 33 3,602,138,398 767 865 538 2,834,272,860 Profit Before Tax Income Tax Expense Profit for the Year Other Comprehensive Income (Loss) Item that will not be Reclassified Subsequently to Profit or Loss Remeasurement gain (loss) on retirement benefit obligation - net of tax Item that will be Reclassified subsequently to profit or Loss Exchange differences on translating foreign operations 19 (320,715,746) (64,171,850) 15,556,508 (1,622,167) (322,337,913) (17,072,597) (81,244,447) P 3,067,352, 563 2,770,342 18,326,850 P 3,557,105,940 P2.852,599,210 Total Comprehensive Income Basic and Diluted Earnings Per Share See Notes to consolidated Financial Statements P1.0952 PO.8890 PO.8001 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31 Notes 2019 2018 8 9 27 10 14 ASSETS Current Assets Cash and cash equivalents Trade and other receivables - net Due from related parties Inventories.net Biological assets Prepayments and other current assets - net Total Current Assets Non-current Assets Property, plant and equipment - net Intangible assets.net Right-of-use assets.net Deferred tax assets Other non-current assets Total Non-current Assets P 1,607,844,054 7,000,528,129 261,588,910 11,781,872,041 33,380,356 829,609.933 21,514,823,423 P 1,676,474,926 7,076,376,479 122,847,147 11,655,712,214 42,853,751 467.388.654 21,041, 653,171 5,458,069,440 3,526,008,300 15 12 13 34 16 6,414,543,344 3,504,492,460 705,437,893 359,681,319 89,793,109 11,073,948,125 219,094,587 92.476,882 9.295,649,209 P32,588,771,548 P30,337,302.380 18 17 P 6,832,729,150 2,433,508,587 148,438,723 19,706,847 269,082,105 27 32 LIABILITIES AND EQUITY Current Liabilities Trade and other payables Borrowings - current portion Income tax payable Due to related parties Lease liabilities- current portion Total Current Liabilities Non-Current Liabilities Borrowings - net of current portion Retirement benefit obligation Lease liabilities - net of non current portion Deferred tax liability Total Non-current Liabilities P 7,007,148,870 3,209,500,000 98,640,787 10,581,740 26,779.422 10.352,650.819 9,703,465,412 17 19 32 34 3,103,000,000 78,277,685 78,802,145 3,086,500,000 160,025,025 484,103,079 360 285 3.730,988 389 13,434,453,801 3.260,079.830 13,612,730,649 Equity Share capital Share premium Share-based compensation reserve Other reserves Currency translation adjustment Retained camings 20 20 28 3,542, 258,595 4,936,859,146 8,211,398 30,628,942 25,440,484 10,610,919,182 19,154, 317747 3,542,258,595 4,936,859,146 8,211,398 30,628,942 42,513,081 8.164.100.569 16.724.571.731 P32.588,771,548 P30 337 302 380 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31 Notes 2020 2019 ASSETS 8 9 27 10 14 11 Current Assets Cash and cash equivalents Trade and other receivables - net Due from related parties Inventories - net Biological assets Prepayments and other current assets - net Total Current Assets Non-current Assets Property, plant and equipment.net Intangible assets - net Right-of-use assets - net Deferred tax assets Other non-current assets Total Non-current Assets P 1,229,381,273 7,599,984,172 280,788,885 14,313,100,885 65,726,630 484,492,819 23,973,474,664 P 1,607,844,054 7,000,528,129 261,588,910 11,781,872,041 33,380,356 829,609,933 21.514.823423 15 12 13 34 16 7,290,756,893 3,448,276,612 678,300,084 752,107,229 133,450,144 12,302,890,962 6,414,543,344 3,504,492,460 705,437,893 359,681,319 89,793,109 11,073,948,125 P36,276.365,626 P32.588.771,548 18 17 27 32 LIABILITIES AND EQUITY Current Liabilities Trade and other payables Borrowings - current portion Income tax payable Due to related parties Lease liabilities- current portion Total Current Liabilities Non-Current Liabilities Borrowings - net of current portion Retirement benefit obligation Lease liabilities - net of non current portion Deferred tax liability Total Non-current Liabilities P 9,670,565,636 3,533,466,680 194,877,487 75,894,675 271,207,134 13,746,011,612 P 6,832,729,150 2,433,508,587 148,438,723 19,706,847 269,082,105 9,703,465,412 17 19 32 34 618,902, 329 465,842,247 9.398,845 3,086,500,000 160,025,025 484,103,079 360 285 3.730.988 389 13,434,453,801 1,094,143,421 14,840,155,033 Equity Share capital Share premium Share-based compensation reserve Other reserves Currency translation adjustment Retained earnings 20 20 28 3,542,258,595 4,936,859,146 8,211,398 30,628,942 23,818,317 12.894,434,195 3,542,258,595 4,936,859,146 8,211,398 30,628,942 25,440,484 10.610.919,182 19,154 312 247 21,436,210,593 P36 276,365,626 P32 588 271 548