Given the financial statements, solve for the following:

Price-earnings ratio Market-Book value ratio Inventory turnover Days sales outstanding Accounts receivable turnover Fixed assets turnover Total assets turnover Operating margin Profit margin Return on total assets Basic earnings power Return on equity Current ratio Quick ratio Earnings per share Inventory conversion period Total debt to total assets Times interest earned Cash flow adequacy Reinvestment ratio Long term debt repayment ratio Depreciation impact ratio

NOTE: SOLVE FOR THE YEAR 2016, 2017, AND 2018.

2.CO. CIASC- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2018 2017 AND 2016 iAmounts in Million Pesos Except Per Share Data) 2016 Nole 78,31,37 243,840 SALES COST OF GOODS SOLD GROSS PROFIT 2019 P557,286 522 824 34,662 2017 1434,124 39-1959 -2.655 37.71 (15,641) (15.0171 113,018) SELLING AND ADMINISTRATIVE EXPENSES INTEREST EXPENSE AND OTHER FINANCING CHARGES INTEREST INCOME SHARE IN NET INCOME OF AN ASSOCIATE OTHER INCOME EXPENSES). No 26.32 7,37 19,694 706 16,497) 535 0.557 50 10 53 3.438) 1907 (23.813 (24, 107) word PS Office INCOME BEFORE INCOME TAX NCOME TAX EXPENSE NET INCOME 77, 36, 37 10,455 3,36 07.069 18,842 -1.755 14,037 14.276 3,556 P10,02 Attributable to Failty altas of the Part Cungary Non color 32 73 P10.100 P6,219 651 P7,069 P12,739 1,249 P14,097 P10.622 BASIC DILUTED EARNINGS PER COMMON SHARC ATTRIBUTABLE TO EDUITY HOLDERS OF THE PARENT COMPANY 32 PO.29 P0.96 P0.00 with tw Frumviel Sterne 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 December 31 2018 2017 NH 21 Equity Attributabuta Equity Hochsprih Purant Company Catal Alana APIA anlal cruis RAIA Anh Fruity for Thaayos To Faily Altribulate to Equity Holders of the Parent Company Non controlina Interests Total Equity P0.45 10,653 24.RR1 10.401 114,981) 110.000 79,435 10,653 32,545 -12,142 15,1711 194 13 70.479 6.JOJ 86.15 P:35R, 154 43,655 5.954 99.519 330 vas laine Cubeta 1921). WPS Office 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Million Posos) Note Decem 2017 17:01 PIT 5.34 35 6.3635 7.34.35 4, 2014 10 14 28 49 11.15 30.04 11,178 ASSETS Current Assts Cash and chequivalents Financial assets affair value through profit or loss Available for sale financial assets Trade and other receivables Inventions Other current asset Total Current Assets Noncurrent Assets Available for sale financial assets Property, plus and equipment.net Investment in shares of stock of an associate Investment property-net Deemed tax assets.net Goodwill not Other mancurrent assets.net Total Noncurrent Assets 22+ 11 M147 19.099 25 145480 7.34.35 11.37 132 177 610 430 10 TO 12 27 13 143438 1.169 91 154 TA 75 207 0,277 5.35 192,540 P338.036 ROOM P358.900 PGH 603 P90,366 29.988 36,820 11.004 LIABILITIES AND EQUITY Current Liabilities Short-term loans 15, 33, 34, 35 Liabilities for crude oil and petroleum products 16. 26. 31, 34, 35 Trade and other payables 17, 20, 30, 34, 35, 39 Derivative liabilities 34 35 Income tax payable Current portion of long-term debt.net 1 33.3 Total Current Liabilities Noncurrent Liabilities Long-term dibel of current portion 18. 33. 34. 35 Romania 300 2789 124.45 15.30 37,918 4385 7,397 2011 101 112,918 SE4 2.315 5.720 2,124 7125 22.03 December 31 2017 2016 Note 21 Equity Attributable to Equity Holders of the Parent Company Capital stock Additional paid-in capital Undated subordinated capital securities Retained earnings Equity reserves Treasury stock Total Equity Attributable to Equity Holders of the Parent Company Non-controlling Interests P9,485 19,653 30,546 49,142 (5,171) (10 000) P9.485 19.653 30,546 42.011 (7.204) (10 000 13 93,655 5,964 99.619 P338,030 34.491 4329 38,820 P318,893 Total Equity Seat S PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2018, 2017 AND 2016 (Amounts in Million pesos. Except Per Share Data) 2018 P557,386 522,824 34,562 2017 P424,624 391 969 42.655 2016 P342,840 306,125 37,715 (15,641) (15.017) (13,918) Note SALES 28, 31, 37 COST OF GOODS SOLD 22 GROSS PROFIT SELLING AND ADMINISTRATIVE EXPENSES 23 INTEREST EXPENSE AND OTHER FINANCING CHARGES 26, 37 INTEREST INCOME 26. 37 SHARE IN NET INCOME OF AN ASSOCIATE 10 OTHER INCOME (EXPENSES) - Nel 26 (9,689) 706 (8,487) 535 (7.557) 507 63 66 517 (24,107) (907) (23,813) 2.425) (23.337) 27 36 37 INCOME BEFORE INCOME TAX INCOME TAX EXPENSE NET INCOME Attributable to Equily holders of the Parent Company Non controlling Interests 10,455 3,386 P7,069 18 B42 4.755 P14,087 14,378 3.556 P10,822 32 13 P6,218 851 P7,069 P12,739 1,348 P14,018 7 P10100 722 P10,822 BASIC/DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY PO 28 32 PO 60 POH PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Million Pesos) Note December 2018 2017 5, 34, 35 6. 14, 34, 35 7, 34, 35 4. 8. 28, 34, 35 4,9 10, 14 20 ASSETS Current Assets Cash and cash equivalents Financial assets at fair value Investments in debt instruments Trade and other receivablas.net Inventories Other current assets Total Current Assets Noncurrent Assets Investments in debt instruments Property, plant and equipment net Investment property-nel Deferred lax assets-net Goodwil net Other noncurrent assets.net Total Noncurrent Assets P17.405 1,126 40 42,497 63,873 37,081 162,022 P17014 336 199 98.159 56,604 33.178 145,490 7, 34, 35 4, 11, 12, 37 4, 11, 12 4, 27 4, 13 4.6.14.34 35 338 163,984 16,536 257 8,532 6.485 198,132 P358,154 332 177,690 75 207 8,277 5,95 192,540 P338.030 P82.997 P69,583 25.991 28,471 614 146 36,920 11.604 1.791 BOB LIABILITIES AND EQUITY Current Liabilities Short-term loans 15, 33, 34, 35 Liabilities for crude oil and petroleum products 16, 28, 31, 34, 35 Trade and other payables 17, 28, 30, 33, 34, 35, 39 Derivative abilities 34. 35 Income tax payable Current portion of long-term debt- net 18 33 34 35 Total Current Liabilities Noncurrent Liabilities Long-term debt-net of current portion 18, 33, 34, 35 Retirement benefits ability 30 Deferred tax liabilities.net 27 Asset retirement obligation Other noncurrent liabilities 20. 34 35 Total Noncurrent Liabilities Total Liabilities 17.799 156,018 3.799 124.495 100,201 2.433 8.450 3.592 1,274 115.950 271,965 97,916 4.885 7397 2.681 1.037 113.916 Note 2018 December 31 2011 21 Equity Attributable to Equity Holders of the Parent Company Capital stock Additional pald-in capital Capital securities Retained earnings Equity reserves Treasury stock Total Equity Attributable to Equity Holders of the Parent Company Non-controlling Interests Total Equity P9,485 19,653 24,881 49,491 (14,031) (10,000) P9,485 19653 30,546 49.142 (5,171) 10 000 13 79,479 6,707 86,186 P358,154 93,655 5,964 99619 P338,030 See Notes to the Consolidated Financial Statements. PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Million Pesos) December 31 2017 2016 Note 5, 34, 35 P17,014 P17 332 & 34, 35 7. 34 35 4,8, 28, 34, 35 4.5 10.14 28 336 199 38,159 56,604 33,178 145,490 221 71 31,548 44,147 32.499 125.818 ASSETS Current Assets Cash and cash equivalents Financial assets at fair value through profit or loss Available-for-sale financial assets Trade and other receivables.net Inventories Other current assets Total Current Assets Noncurrent Assets Available for sale financial assets Property, plant and equipment - nel Investment in shares of stock of an associate Investment property.net Deferred tax assets-net Goodwill-net Other noncurrere assets-net Total Noncurrent Assets 7, 34, 35 4. 11.37 332 177,690 400 178,604 4. 10 4, 12 4.27 4.13 4, 14, 34, 35 75 207 8.277 5.959 192,540 P338,030 1.883 91 194 7.480 6,415 193,075 P318,893 P69,583 P90.368 34. 35 LIABILITIES AND EQUITY Current Liabilities Short-term loans 15, 33, 34, 36 Llabilities for crude oil and petroleum products 16, 28, 31, 34, 35 Trade and other payables 17, 28, 30, 34, 35, 39 Derivative fiabilities income tax payable Current portion of long-term debt-net 18. 33 34 35 Total Current Liabilities Noncurrent Liabilities Long-tem debt-net of current portion 3.3, 34, 35 Retirement benefits liability Deferred tax libbes-net 4. TO Asset retirement obligation 20. 3430 Other Boncuresti Total Noncurrent Liabilities 36,920 11,604 1.791 808 2,789 124,495 29,856 16,161 778 626 20.911 158.800 30 27 97,916 4.885 7,397 2,821 1,037 113.916 234,411 58,941 3.315 5,728 2.324 559 71,265 230.073 Total Liabilities December 31 2017 2016 Note 21 Equity Attributable to Equity Holders of the Parent Company Capital stock Additional paid-in capital Undated subordinated capital securities Retained earnings Equity reserves Treasury stock Total Equity Attributable to Equity Holders of the Parent Company Non-controlling Interests P9,485 19,653 30,546 49,142 (5,171) (10,000) P9,485 19,653 30,546 42,011 (7,204) (10,000) 13 Total Equity 93,655 5,964 99,619 P338,030 84,491 4,329 88,820 P318,893 See Nors to the Consolidated Financial Statements 2.CO. CIASC- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2018 2017 AND 2016 iAmounts in Million Pesos Except Per Share Data) 2016 Nole 78,31,37 243,840 SALES COST OF GOODS SOLD GROSS PROFIT 2019 P557,286 522 824 34,662 2017 1434,124 39-1959 -2.655 37.71 (15,641) (15.0171 113,018) SELLING AND ADMINISTRATIVE EXPENSES INTEREST EXPENSE AND OTHER FINANCING CHARGES INTEREST INCOME SHARE IN NET INCOME OF AN ASSOCIATE OTHER INCOME EXPENSES). No 26.32 7,37 19,694 706 16,497) 535 0.557 50 10 53 3.438) 1907 (23.813 (24, 107) word PS Office INCOME BEFORE INCOME TAX NCOME TAX EXPENSE NET INCOME 77, 36, 37 10,455 3,36 07.069 18,842 -1.755 14,037 14.276 3,556 P10,02 Attributable to Failty altas of the Part Cungary Non color 32 73 P10.100 P6,219 651 P7,069 P12,739 1,249 P14,097 P10.622 BASIC DILUTED EARNINGS PER COMMON SHARC ATTRIBUTABLE TO EDUITY HOLDERS OF THE PARENT COMPANY 32 PO.29 P0.96 P0.00 with tw Frumviel Sterne 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 December 31 2018 2017 NH 21 Equity Attributabuta Equity Hochsprih Purant Company Catal Alana APIA anlal cruis RAIA Anh Fruity for Thaayos To Faily Altribulate to Equity Holders of the Parent Company Non controlina Interests Total Equity P0.45 10,653 24.RR1 10.401 114,981) 110.000 79,435 10,653 32,545 -12,142 15,1711 194 13 70.479 6.JOJ 86.15 P:35R, 154 43,655 5.954 99.519 330 vas laine Cubeta 1921). WPS Office 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 2.0...0.! CI4.- PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Milian Pesos December 31 2018 2017 Nare 5.94.95 4, 14, 94,35 7, 34, 35 4,8 28.5.15 49 ASSETS Current Assets Caah Aneh NASA Francaiset at lui au Investments in de instruments TRACA ANG Ober AVAO Invento Other currents Total Current Assets Noncurrent Assets Invasimania dan armania Property ATA ANALOG Instment property- CATAG IAX A. Gall. Other rcrcurrent set-ret Total Noncurrent ARARS P17,405 1,126 40 42,497 63,073 37,081 162,022 P17,014 333 199 38,152 59.900 33.179 145,493 7.4.19 411127 4 27 410 336 163,084 15,536 257 8,582 6,485 196,132 P358,154 177,423 75 207 3,277 5.959 122,549 P333430 P82.997 P99.593 LIABILITIES AND EQUITY Current Liabilities Short-erm loans 36, 33, 34, 35 Liaalitoa tarde aand perum pro 16, 28, 31, .. Trace and other paties 17.29. 20. 22, 34, 35, 39 Darvathaalta Income tabla Current pericr cflcrg-ermicett - 18.11. Total Current Liabilities 25,991 28,471 814 146 38,920 11.904 1,721 223 17.799 150,018 372 124.495 Noncurrent Liabilities LOG-AM CABI1 afara price Kebirements abil Leterrec tax latitis - 11 Astraliramamaalitarian Omar Roncara lain Total Noncurrent Liabilities Total Liabilities 18.99.44.95 30 27 412 22.34.46 97,916 4.995 7.397 100,201 2.433 8,450 3,592 1,274 115,950 271,968 2 AR1 1437 113,918 239,411 PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Million Posos) Note Decem 2017 17:01 PIT 5.34 35 6.3635 7.34.35 4, 2014 10 14 28 49 11.15 30.04 11,178 ASSETS Current Assts Cash and chequivalents Financial assets affair value through profit or loss Available for sale financial assets Trade and other receivables Inventions Other current asset Total Current Assets Noncurrent Assets Available for sale financial assets Property, plus and equipment.net Investment in shares of stock of an associate Investment property-net Deemed tax assets.net Goodwill not Other mancurrent assets.net Total Noncurrent Assets 22+ 11 M147 19.099 25 145480 7.34.35 11.37 132 177 610 430 10 TO 12 27 13 143438 1.169 91 154 TA 75 207 0,277 5.35 192,540 P338.036 ROOM P358.900 PGH 603 P90,366 29.988 36,820 11.004 LIABILITIES AND EQUITY Current Liabilities Short-term loans 15, 33, 34, 35 Liabilities for crude oil and petroleum products 16. 26. 31, 34, 35 Trade and other payables 17, 20, 30, 34, 35, 39 Derivative liabilities 34 35 Income tax payable Current portion of long-term debt.net 1 33.3 Total Current Liabilities Noncurrent Liabilities Long-term dibel of current portion 18. 33. 34. 35 Romania 300 2789 124.45 15.30 37,918 4385 7,397 2011 101 112,918 SE4 2.315 5.720 2,124 7125 22.03 December 31 2017 2016 Note 21 Equity Attributable to Equity Holders of the Parent Company Capital stock Additional paid-in capital Undated subordinated capital securities Retained earnings Equity reserves Treasury stock Total Equity Attributable to Equity Holders of the Parent Company Non-controlling Interests P9,485 19,653 30,546 49,142 (5,171) (10 000) P9.485 19.653 30,546 42.011 (7.204) (10 000 13 93,655 5,964 99.619 P338,030 34.491 4329 38,820 P318,893 Total Equity Seat S PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2018, 2017 AND 2016 (Amounts in Million pesos. Except Per Share Data) 2018 P557,386 522,824 34,562 2017 P424,624 391 969 42.655 2016 P342,840 306,125 37,715 (15,641) (15.017) (13,918) Note SALES 28, 31, 37 COST OF GOODS SOLD 22 GROSS PROFIT SELLING AND ADMINISTRATIVE EXPENSES 23 INTEREST EXPENSE AND OTHER FINANCING CHARGES 26, 37 INTEREST INCOME 26. 37 SHARE IN NET INCOME OF AN ASSOCIATE 10 OTHER INCOME (EXPENSES) - Nel 26 (9,689) 706 (8,487) 535 (7.557) 507 63 66 517 (24,107) (907) (23,813) 2.425) (23.337) 27 36 37 INCOME BEFORE INCOME TAX INCOME TAX EXPENSE NET INCOME Attributable to Equily holders of the Parent Company Non controlling Interests 10,455 3,386 P7,069 18 B42 4.755 P14,087 14,378 3.556 P10,822 32 13 P6,218 851 P7,069 P12,739 1,348 P14,018 7 P10100 722 P10,822 BASIC/DILUTED EARNINGS PER COMMON SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY PO 28 32 PO 60 POH PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Million Pesos) Note December 2018 2017 5, 34, 35 6. 14, 34, 35 7, 34, 35 4. 8. 28, 34, 35 4,9 10, 14 20 ASSETS Current Assets Cash and cash equivalents Financial assets at fair value Investments in debt instruments Trade and other receivablas.net Inventories Other current assets Total Current Assets Noncurrent Assets Investments in debt instruments Property, plant and equipment net Investment property-nel Deferred lax assets-net Goodwil net Other noncurrent assets.net Total Noncurrent Assets P17.405 1,126 40 42,497 63,873 37,081 162,022 P17014 336 199 98.159 56,604 33.178 145,490 7, 34, 35 4, 11, 12, 37 4, 11, 12 4, 27 4, 13 4.6.14.34 35 338 163,984 16,536 257 8,532 6.485 198,132 P358,154 332 177,690 75 207 8,277 5,95 192,540 P338.030 P82.997 P69,583 25.991 28,471 614 146 36,920 11.604 1.791 BOB LIABILITIES AND EQUITY Current Liabilities Short-term loans 15, 33, 34, 35 Liabilities for crude oil and petroleum products 16, 28, 31, 34, 35 Trade and other payables 17, 28, 30, 33, 34, 35, 39 Derivative abilities 34. 35 Income tax payable Current portion of long-term debt- net 18 33 34 35 Total Current Liabilities Noncurrent Liabilities Long-term debt-net of current portion 18, 33, 34, 35 Retirement benefits ability 30 Deferred tax liabilities.net 27 Asset retirement obligation Other noncurrent liabilities 20. 34 35 Total Noncurrent Liabilities Total Liabilities 17.799 156,018 3.799 124.495 100,201 2.433 8.450 3.592 1,274 115.950 271,965 97,916 4.885 7397 2.681 1.037 113.916 Note 2018 December 31 2011 21 Equity Attributable to Equity Holders of the Parent Company Capital stock Additional pald-in capital Capital securities Retained earnings Equity reserves Treasury stock Total Equity Attributable to Equity Holders of the Parent Company Non-controlling Interests Total Equity P9,485 19,653 24,881 49,491 (14,031) (10,000) P9,485 19653 30,546 49.142 (5,171) 10 000 13 79,479 6,707 86,186 P358,154 93,655 5,964 99619 P338,030 See Notes to the Consolidated Financial Statements. PETRON CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Amounts in Million Pesos) December 31 2017 2016 Note 5, 34, 35 P17,014 P17 332 & 34, 35 7. 34 35 4,8, 28, 34, 35 4.5 10.14 28 336 199 38,159 56,604 33,178 145,490 221 71 31,548 44,147 32.499 125.818 ASSETS Current Assets Cash and cash equivalents Financial assets at fair value through profit or loss Available-for-sale financial assets Trade and other receivables.net Inventories Other current assets Total Current Assets Noncurrent Assets Available for sale financial assets Property, plant and equipment - nel Investment in shares of stock of an associate Investment property.net Deferred tax assets-net Goodwill-net Other noncurrere assets-net Total Noncurrent Assets 7, 34, 35 4. 11.37 332 177,690 400 178,604 4. 10 4, 12 4.27 4.13 4, 14, 34, 35 75 207 8.277 5.959 192,540 P338,030 1.883 91 194 7.480 6,415 193,075 P318,893 P69,583 P90.368 34. 35 LIABILITIES AND EQUITY Current Liabilities Short-term loans 15, 33, 34, 36 Llabilities for crude oil and petroleum products 16, 28, 31, 34, 35 Trade and other payables 17, 28, 30, 34, 35, 39 Derivative fiabilities income tax payable Current portion of long-term debt-net 18. 33 34 35 Total Current Liabilities Noncurrent Liabilities Long-tem debt-net of current portion 3.3, 34, 35 Retirement benefits liability Deferred tax libbes-net 4. TO Asset retirement obligation 20. 3430 Other Boncuresti Total Noncurrent Liabilities 36,920 11,604 1.791 808 2,789 124,495 29,856 16,161 778 626 20.911 158.800 30 27 97,916 4.885 7,397 2,821 1,037 113.916 234,411 58,941 3.315 5,728 2.324 559 71,265 230.073 Total Liabilities December 31 2017 2016 Note 21 Equity Attributable to Equity Holders of the Parent Company Capital stock Additional paid-in capital Undated subordinated capital securities Retained earnings Equity reserves Treasury stock Total Equity Attributable to Equity Holders of the Parent Company Non-controlling Interests P9,485 19,653 30,546 49,142 (5,171) (10,000) P9,485 19,653 30,546 42,011 (7,204) (10,000) 13 Total Equity 93,655 5,964 99,619 P338,030 84,491 4,329 88,820 P318,893 See Nors to the Consolidated Financial Statements