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

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 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