CEB and PAL Disclosures Compilation

PAL Holdings, Inc.
PAL
PSE Disclosure Form 17-1 - Annual ReportReferences: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules
For the fiscal year

ended
Dec 31, 2013
Currency (indicate
units, if applicable)
PESO
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2013
Mar 31, 2013
Current Assets
25,424,182,000
14,952,193,000
Total Assets
114,008,855,000
100,882,176,000
Current Liabilities
71,403,737,000
52,228,040,000
Total Liabilities
111,116,949,000
89,468,220,000
Retained
Earnings/(Deficit)
-32,995,856,000
-21,418,539,000
Stockholders' Equity
2,891,906,000
11,413,956,000
Stockholders' Equity - Parent
2,833,091,000
11,195,617,000
Book Value per Share
0.12
0.51
Year Ending
Dec 31, 2013
Mar 31, 2013
Operating Revenue
55,984,384,000
73,799,139,000
Other Revenue
514,387,000
Gross Revenue
55,984,384,000
74,313,526,000
Operating Expense
61,496,110,000
76,645,193,000
Other Expense
6,487,976,000
1,348,685,000
Gross Expense
67,984,086,000
77,993,878,000
Net Income/(Loss) Before Tax
-11,999,702,000
-3,680,352,000
Income Statement
Income Tax Expense
146,572,000
82,641,000
Net Income/(Loss) After Tax
-11,583,130,000
-3,597,711,000
Net Income/(Loss) Attributable to

Parent Equity Holder
-11,648,102,000
3,535,539,000
Earnings/(Loss) Per Share (Basic)
-0.5286
-0.3427
Earnings/(Loss) Per Share (Diluted)
Financial Ratios
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2013
Mar 31, 2013
Formula
Liquidity Analysis Ratios:

Current Ratio or
Working Capital Ratio
Current Assets / Current

Liabilities
0.36
0.29
Quick Ratio
(Current Assets Inventory - Prepayments) / 0.29

Current Liabilities
0.22
Solvency Ratio
Total Assets / Total

Liabilities
-0.12
0.05
Debt Ratio
Total Debt/Total Assets
0.49
0.48
Debt-to-Equity Ratio
Total Debt/Total
19.33
4.21
Interest Coverage
Earnings Before Interest

and Taxes (EBIT) / Interest -8.18
Charges
-1.73
Asset to Equity Ratio

39.42
8.84
Gross Profit Margin
Sales - Cost of Goods

Sold or Cost of Service /
Sales
-0.1
-0.04
Net Profit Margin
Net Profit / Sales
-0.21
-0.05
Return on Assets
Net Income / Total Assets
-0.1
-0.04
Return on Equity
Net Income / Total

-4.03
-0.31
Price/Earnings Ratio
Price Per Share / Earnings

-11.31
Per Common Share
Financial Leverage Ratios
Profitability Ratios
Other Relevant Information
Not Applicable
PAL Holdings, Inc.

PAL
For the fiscal year

ended
Dec 31, 2014
Currency (indicate
Philippine Peso
Balance Sheet
Year Ending
Dec 31, 2014
Dec 31, 2013
Current Assets
32,907,674,000
25,424,182,000
Total Assets
109,222,033,000
114,008,855,000
Current Liabilities
71,839,947,000
71,403,737,000
Total Liabilities
105,537,489,000
111,116,949,000
Retained
Earnings/(Deficit)
-32,766,378,000
-32,995,856,000
3,684,544,000
2,891,906,000
3,609,572,000
2,833,091,000
0.16
0.13
Year Ending
Dec 31, 2014
Dec 31, 2013
Operating Revenue
100,953,890,000
55,984,384,000
Other Revenue
550,337,000
Gross Revenue
101,504,227,000
55,984,384,000
Operating Expense
98,581,003,000
61,496,110,000
Other Expense
2,634,164,000
6,487,976,000
Gross Expense
101,215,167,000
67,984,086,000
289,060,000
-11,999,702,000
Income Statement
Income Tax Expense
159,320,000
-146,572,000
129,740,000
-11,853,130,000

127,336,000
-11,648,102,000
0.01
0.52
0.01
0.52
Financial Ratios
Fiscal Year Ended
Dec 31, 2014
Dec 31, 2013
Formula

Current Ratio or

Liabilities
0.46
0.36
Quick Ratio

Current Liabilities
0.29
Solvency Ratio

Liabilities
1.03
1.03
Debt Ratio
0.43
0.49
Total Debt/Total
12.73
19.33
Interest Coverage

and Taxes (EBIT) / Interest 1.15
Charges
-8.18

29.64
39.42
Gross Profit Margin

Sales
0.02
-0.1
Net Profit Margin
Net Profit / Sales
-0.21
Return on Assets
-0.1
Return on Equity
Net Income / Total

0.04
-4.03

835.09
Per Common Share
With Annual Corporate Governance Report for 2014
-11.51
Cebu Air, Inc.

CEB
For the fiscal year

ended
Dec 31, 2013
Currency (indicate
Php
Balance Sheet
Year Ending
Dec 31, 2013
Dec 31, 2012
Current Assets
10,033,055,491
13,119,559,934
Total Assets
67,527,191,296
61,413,611,377
Current Liabilities
18,338,199,535
16,564,777,628
Total Liabilities
46,445,613,981
39,376,469,142
Retained
Earnings/(Deficit)
12,933,742,244
13,633,702,675
21,081,577,315
22,037,142,235
34.79
36.37
Year Ending
Dec 31, 2013
Dec 31, 2012
Operating Revenue
41,004,096,281
37,904,453,623
Other Revenue
629,305,037
1,939,612,370
Gross Revenue
41,633,401,318
39,844,065,993
Operating Expense
38,599,684,371
35,241,044,387
Other Expense
2,928,509,441
732,591,508
Gross Expense
41,528,193,812
35,973,635,895
105,207,506
3,870,430,098
Income Statement
Income Tax Expense
-406,738,723
298,415,835
511,946,229
3,572,014,263

.84
5.89
Financial Ratios
Fiscal Year Ended
Dec 31, 2013
Dec 31, 2012
Formula

Current Ratio or

Liabilities
0.55
0.79
Quick Ratio

Current Liabilities
0.71
Solvency Ratio

Liabilities
1.45
1.56
Debt Ratio
0.44
0.37
Total Debt/Total
1.39
1.04
Interest Coverage

Charges
3.64

3.2
2.79
Gross Profit Margin

Sales
Net Profit Margin
Net Profit / Sales
Return on Assets
Return on Equity
Net Income / Total

17

55.77
Per Common Share
Not Applicable
10.5
Cebu Air, Inc.CEB

For the fiscal year

ended
Dec 31, 2014
Currency (indicate
Php
Balance Sheet
Year Ending
Dec 31, 2014
Dec 31, 2013
Current Assets
8,526,418,095
10,033,107,563
Total Assets
76,062,258,808
67,527,191,296
Current Liabilities
24,060,948,719
18,338,199,535
Total Liabilities
54,523,454,621
46,445,613,981
Retained
Earnings/(Deficit)
13,181,287,130
12,933,742,244
21,538,804,187
21,081,577,315
21,638,564,241
21,029,402,979
35.55
34.79
Year Ending
Dec 31, 2014
Dec 31, 2013
Operating Revenue
52,000,018,310
41,004,096,281
Other Revenue
176,253,363
629,305,037
Gross Revenue
52,176,271,673
41,633,401,318
Operating Expense
47,842,681,320
38,599,684,371
Other Expense
3,454,954,369
2,928,509,441
Gross Expense
51,297,635,689
41,528,193,812
878,635,984
105,207,506
Income Tax Expense
25,137,768
-406,738,723
853,498,216
511,946,229
Income Statement

853,498,216
511,946,229
1.41
0.84
Financial Ratios
Fiscal Year Ended
Dec 31, 2014
Dec 31, 2013
Formula

Current Ratio or

Liabilities
0.35
0.55
Quick Ratio

Current Liabilities
0.44
Solvency Ratio

Liabilities
1.4
1.45
Debt Ratio
0.45
0.44
Total Debt/Total
1.57
1.39
Interest Coverage

Charges
2.78

3.53
3.2
Gross Profit Margin

Sales
Net Profit Margin
Net Profit / Sales
Return on Assets
Return on Equity
Net Income / Total


60.89
Per Common Share
Not Applicable
55.77

CEB and PAL Disclosures Compilation

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

CEB and PAL Disclosures Compilation

Uploaded by

Copyright:

Available Formats

PAL Holdings, Inc.

For the fiscal year

Dec 31, 2013

Previous Year Ending

Dec 31, 2013

Mar 31, 2013

Stockholders' Equity - Parent

Book Value per Share

Previous Year Ending

Dec 31, 2013

Mar 31, 2013

Net Income/(Loss) Before Tax

Income Tax Expense

Net Income/(Loss) After Tax

Net Income/(Loss) Attributable to

Earnings/(Loss) Per Share (Basic)

Earnings/(Loss) Per Share (Diluted)

Previous Fiscal Year

Dec 31, 2013

Mar 31, 2013

Liquidity Analysis Ratios:

Current Assets / Current

(Current Assets Inventory - Prepayments) / 0.29

Total Assets / Total

Total Debt/Total Assets

Earnings Before Interest

Asset to Equity Ratio

Total Assets / Total

Gross Profit Margin

Sales - Cost of Goods

Net Profit Margin

Net Profit / Sales

Net Income / Total Assets

Net Income / Total

Price Per Share / Earnings

Financial Leverage Ratios

Other Relevant Information

PAL Holdings, Inc.

For the fiscal year

Dec 31, 2014

Previous Year Ending

Dec 31, 2014

Dec 31, 2013

Stockholders' Equity - Parent

Book Value per Share

Previous Year Ending

Dec 31, 2014

Dec 31, 2013

Net Income/(Loss) Before Tax

Income Tax Expense

Net Income/(Loss) After Tax

Net Income/(Loss) Attributable to

Earnings/(Loss) Per Share (Basic)

Earnings/(Loss) Per Share (Diluted)

Previous Fiscal Year

Dec 31, 2014

Dec 31, 2013

Liquidity Analysis Ratios:

Current Assets / Current

(Current Assets Inventory - Prepayments) / 0.32

Total Assets / Total

Total Debt/Total Assets

Earnings Before Interest

Asset to Equity Ratio