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AND SUBSIDIARIES
STATEMENT OF FINANCIAL POSITION
Decemebr 31, 2018 and 2017
VERTICAL ANALYSIS
ASSETS 2018 Percent 2017 Percent 2016 Percent
Current Assets
Cash and cash equivalents ₱ 6,228,229,892.00 5.29% ₱ 10,162,413,848.00 9.11% ₱ 10,173,907,748.00 10.79%
Trade and other receivables - net ₱ 18,875,783,362.00 16.02% ₱ 14,694,733,441.00 13.17% ₱ 10,779,489,916.00 11.43%
Financial assets at fair value through profit or
₱ 1,208,707,500.00 1.03% ₱ 19,572,259.00 - -
loss 0.02%
Inventories - net ₱ 28,395,973,338.00 24.10% ₱ 25,186,966,124.00 22.58% ₱ 20,754,501,639.00 22.01%
Prepayments and other current assets ₱ 1,291,326,181.00 1.10% ₱ 953,350,245.00 0.85% ₱ 582,070,440.00 0.62%
Total Current Assets ₱ 56,000,020,273.00 47.53% ₱ 51,017,035,917.00 45.74% ₱ 42,289,969,743.00 44.85%
Non-current Assets
Investment in a joint venture ₱ 3,277,607,392.00 2.78% ₱ 3,233,944,765.00 2.90% ₱ 3,999,150,056.00 4.24%
Property, plant and equipment - net ₱ 27,247,873,634.00 23.13% ₱ 26,340,856,254.00 23.62% ₱ 20,949,282,168.00 22.22%
Intangible assets - net ₱ 30,229,975,679.00 25.66% ₱ 29,893,991,852.00 26.80% ₱ 25,791,110,856.00 27.35%
Other non-current assets - net ₱ 1,062,894,704.00 0.90% ₱ 1,049,953,201.00 0.94% ₱ 1,272,887,433.00 1.35%
Total Non-current Assets ₱ 61,818,351,409.00 52.47% ₱ 60,518,746,072.00 54.26% ₱ 52,012,430,513.00 55.15%
TOTAL ASSETS ₱ 117,818,371,682.00 100.00% ₱ 111,535,781,989.00 100.00% ₱ 94,302,400,256.00 100.00%
Non-current Liabilities
Interest-bearing loans ₱ 28,314,724,893.00 24.03% ₱ 28,761,094,050.00 25.79% ₱ 21,425,000,000.00 22.72%
Equity-linked debt securities ₱ 5,258,801,592.00 4.46% ₱ 5,227,114,518.00 4.69% ₱ 5,262,906,379.00 5.58%
- - - - ₱ 562,730,466.00 1.34%
Provisions ₱ 524,974,547.00 0.45% ₱ 443,245,445.00 0.40% ₱ 480,517,679.00 0.51%
Deferred tax liability - net ₱ 2,027,842,787.00 1.72% ₱ 1,797,284,641.00 1.61% ₱ 1,432,691,492.00 1.52%
Retirement benefit obligation ₱ 110,692,233.00 0.09% ₱ 116,113,331.00 0.10% ₱ 1,000,949,796.00 1.06%
Total Non-current Liabilities ₱ 36,237,036,052.00 30.76% ₱ 36,344,851,985.00 32.59% ₱ 30,164,795,812.00 31.99%
Total Liabilities ₱ 56,454,425,342.00 47.92% ₱ 53,182,228,344.00 47.68% ₱ 42,077,912,539.00 44.62%
Equity
Equity attributable to owners of the parent
₱ 60,471,271,854.00 51.33% ₱ 57,718,896,695.00 ₱ 52,218,737,717.00 55.37%
company 51.75%
Non-controlling interest ₱ 892,674,486.00 0.76% ₱ 634,656,950.00 0.57% ₱ 5,750,000.00 0.01%
Total Equity ₱ 61,363,946,340.00 52.08% ₱ 58,353,553,645.00 52.32% ₱ 52,224,487,717.00 55.38%
TOTAL LIABILITIES AND EQUITY ₱ 117,818,371,682.00 100.00% ₱ 111,535,781,989.00 100.00% ₱ 94,302,400,256.00 100.00%
EMPERADOR INC. AND SUBSIDIARIES
STATEMENT OF COMPREHENSIVE INCOME
For the years ended December 31, 2018, 2017 and 2016
VERTICAL ANALYSIS
2018 Percent 2017 Percent 2016 Percent
Revenues ₱ 47,050,421,022.00 100.00% ₱ 42,655,527,544.00 100.00% ₱ 41,018,101,190.00 100.00%
Cost of goods sold ₱ 30,305,123,521.00 64.41% ₱ 27,264,689,817.00 63.92% ₱ 25,141,038,906.00 61.29%
Selling and distribution expenses ₱ 5,567,696,147.00 11.83% ₱ 4,611,427,335.00 10.81% ₱ 4,082,481,208.00 9.95%
General and administrative expenses ₱ 1,909,932,481.00 4.06% ₱ 1,519,281,194.00 3.56% ₱ 1,564,843,400.00 3.82%
Finance and other charges ₱ 831,304,464.00 1.77% ₱ 1,424,757,176.00 3.34% ₱ 794,039,127.00 1.94%
₱ 38,614,056,613.00 82.07% ₱ 34,820,155,522.00 81.63% ₱ 31,582,402,641.00 77.00%
Profit Before Tax ₱ 8,436,364,409.00 17.93% ₱ 7,835,372,022.00 18.37% ₱ 9,435,698,549.00 23.00%
Tax Expense ₱ 1,607,414,678.00 3.42% ₱ 1,503,052,461.00 3.52% ₱ 1,742,331,316.00 4.25%
Net Profit ₱ 6,828,949,731.00 14.51% ₱ 6,332,319,561.00 14.85% ₱ 7,693,367,233.00 18.76%