Horizontal and vertical analysis for the year 2016, 2017, and 2018. Thanks

ALIU MAR 22 2019 PILIPINAS SHELL PETROLEUM CORPORATION STATEMENTS OF FINANCIAL POSITION As at December 31, 2018 Call amounts in thousands Philippine pesci, except par value per share) Note 2018 2017 3 4 5 6 ASSETS Current Assets Cadi Trade and other receivables, niet Inventories, net Prepayments and other current assets Total Current Assets Noncurrent Assets Long term receivables, rentals and investments, nel Property, plant and equipment, net Other sets, net Total Noncurrent Assets TOTAL ASSETS 4,455,124 6,163,261 12,992,819 10.865,099 19,642.836 21,621.210 3,687,782 7.176,689 40,778,561 45,276,259 7 8 10 4.659,005 4,304,186 28,128,715 25,434,373 6,600,096 6,261,887 39,387,816 36,000),746 80,166,377 $1.877,005 II 12 13 25,180), 133 21,163,783 3.261,000 4,057,000 6,000,000 15,622 14,216 28.456,755 31.234.999 LIABILITIES AND EQUITY Current Liabilities Trade and other payable Short term loans Current portion of menn debt Dividons payable Total Current Libilities Noncurrent Liabilities Long-term debi, nct of current portion Ieferred tax liabilities Provisions and other liabilities Total Noncurrent Liabilities Fuity Share capital - Pi par vale Share premium Treasury shares Retained emings Other reserves Total Equity TOTAL LIABILITIES AND EQUITY 13 9 14 9,000,000 693,574 3,044,237 12.737,811 5,000,000 702,1349 2.801.569 8,506,618 15 15 16 10,24 1,681,058 1,681,058 26,161,736 26,161,736 (507,106) (507,106) 11,074,898 14,339,453 561 225 460,247 38.271.811 42.125.388 80,166,377 N1,877,005 See accompanying Notes to Financial Statements BUREANOSTI PILIPINAS SUELL PETROLEUM CORPORATION STATEMENTS OF INCOME For the year ended December 31, 2018 (All amounts in thousands Philippine peso, excent earnings per share) Note 2018 2017 2016 NET SALES Sale of goods Sales discounts and rebates 30121 223,817,699 (4.949,023) 218.868,676 174.470,235 (4,994,423) 109,475,812 142,075428 (5.312,142) 136 263,216 COSTS AND EXPENSES (INCOME) Cost of sales Selling expenses General and administrative expenses Operating income net 18 19 19 20 196,573.873 143,070,56 11,644,884 11,570,642 2,741,716 2,289,457 583,862) (489,417) 210,37661 156.441,248 8,492,065 13,034,564 112.461,546 10,562,727 2.500,333 (470707) 125,053,899 11,709,387 INCOME FROM OPERATIONS OTHER INCOME (CHARGES) Finance in Finance expense Other non-operating income, no 21 21 22 45,117 (1,245,034) 68.393 (721,005) 1,379,168 725,656 175,707 (1.058,018) 1.041 (881,270) (1.109,917 INCOME BEFORE INCOME TAX PROVISION FOR INCOME TAX 7.292,148 13,760,220 10,828,117 9 2.215.822 3,391986 3.384,342 5,076,326 10,168,234 7.443,775 NET INCOME EARNINGS PERSIARE - BASIC AND DILUTED 17 Neelag Note to mial Statement 3.15 6.43 4.68 BUREAU OF TENHALL I a PILIPINAS SHELL PETROLEUM CORPORATION STATEMENTS OF FINANCIAL POSITION (Allamosants in thousands Philippine Pesos, except par valoc per lure) December 31 2017 Noer 2016 3 + 5 6 6.163.261 10.865,099 21.671.210 7.176,689 45,876.259 4.274,266 8.821,577 16.181,397 9.379.10 38,856,348 ASSETS Current Assets Cash Trade and other receivables et Inventuries, nes Prenusments and other current assets Total Current Assets Noncurrent Assets Long term receivables, rentals and investments, net Property.plant and equipment, niet Deferred tax assets, net Other assets, bet Total Nancurrent Assets TOTAL ASSETS 7 4.304,486 25.434,373 . TD 4.056/1/29 23,378.31 330,210 3,988,246 31,752,2013 6,261.887 36.000.746 X1,877.005 20.600.251 11 12 13 17,121,164 5,370,00 21.163.783 4,057,000 6,000,000 14.216 21,234999 9.668 12,400,832 11.AXOXO LIABILITIES AND EQUITY Current Liabilities Trade and other payables Short term loans Current portion of long-term det Dividends poyable Total Current Liabilities Noncurrent Liabilities Long-term debt, net of current portion Deferred tax liabilities Prevision and other liabilities Total Noncurrent Liabilities Equity Share capital - Pl par value Share premium Treasury shares Retained earnings Other reserves Total Equity 13 9 14 5.000.000 702.049 2.80H 569 8.506,618 4,280,146 15,20 146 15 IS 15 16 1024 1.68158 26.161.7.26 (507,106) 14,339,453 460247 42.115.3 1.681.058 26.161,736 (307.106) 5.11 1.86 480,217 32.928,273 TOTAL LIABILITIES AND EQUITY S1877(KIS www