DEL MONTE PHILIPPINES INC.

STATEMENT OF FINANCIAL POSITION

(In Thousands)
YEARS 30-Apr-16 30-Apr-15
ASSETS
Current Assets
Cash and equivalents (notes 4,31 and 32) 200,066.00 794,615.00
Receivables - net (Notes 5,30,31 and 32) 10,031,387.00 7,503,657.00
Inventories (notes 6,17 and 24) 3,769,467.00 4,189,374.00
Biological assets (note 7) 4,125,365.00 5,663,139.00
Available-for-sale financial assets 5,025.00
Prepaid expenses and other current assets (notes 9 and 34) 825,763.00 638,800.00
Total Current Assets 18,952,048.00 18,794,610.00

Noncurrent Assets
Property, plant and equipment (note 11) 3,793,221.00 3,733,149.00
Biological assets - net (note 7) 1,756,604.00 64,396.00
Investment Property - net (note 10) 245,091.00 263,595.00
Investements(note 12) 34,500.00 10,125.00
Available-for-sale financial assets (notes 8 and 32) 6,077.00
Deferred tax assets- Net (note 25) 229,973.00 215,584.00
Other current assets (notes 13,31,32 and 34) 895,542.00 773,686.00
Total non current assets 6,961,008.00 5,060,535.00
TOTAL ASSETS 25,913,056.00 23,855,145.00
25,913,056.00
LIABILITIES AND EQUITY
Current liabilities
Short-term notes payable (Notes 14,31 and 32) 5,646,892.00 8,600,168.00
Accounts payable and accrues expenses (notes 16.31 and 32) 3,988,377.00 3,450,690.00
income tax payable (note 25) 23,489.00 13,331.00
Total Current Liabilities 9,658,758.00 12,064,189.00

Noncurrent Liabilities
long-term notes payable (Notes 15,31 and 32) 3,000,000.00
Net retirement benefits liability (note 29) 411,138.00 463,192.00
other current liabilities (notes 31 and 32) 93,804.00 72,370.00
Total noncurrent Liabilities 3,504,942.00 535,562.00
Total liabilities 13,163,700.00 12,599,751.00

Equity
Capital stock (notes 26 and 27) 2,474,400.00 2,474,400.00
other reserves (notes 9,11 and 29) (92,565.00) (53,256.00)
Retained earnings:
 Appropriated (note 28) 8,500,000.00 6,547,725.00
Unappropriated 1,867,521.00 2,286,525.00
Total Equity 12,749,356.00 11,255,394.00
TOTAL LIABILITIES AND EQUITY 25,913,056.00 23,855,145.00
INES INC.
AL POSITION
s)
30-Apr-14 30-Dec-13 31-Dec-12

207,204.00 1,062,764.00 702,485.00

4,507,483.00 9,632,965.00 5,751,196.00
4,955,602.00 4,345,009.00 4,533,420.00
5,269,942.00 4,950,644.00 2,886,096.00
4,430.00 4,320.00 3,814.00
808,206.00 620,851.00 329,867.00
15,752,867.00 20,616,553.00 14,206,878.00

3,628,069.00 3,474,846.00 3,020,923.00

71,854.00 74,826.00 61,872.00
218,259.00 222,382.00 207,902.00
10,000.00 10,000.00 10,000.00

394,934.00 129,124.00 161,675.00

692,877.00 585,894.00 619,011.00
5,015,993.00 4,497,072.00 4,081,383.00
20,768,860.00 25,113,625.00 18,288,261.00

6,748,677.00 9,460,185.00 5,096,088.00

2,713,413.00 3,614,972.00 3,984,614.00
11,371.00 237,865.00 196,648.00
9,473,461.00 13,313,022.00 9,277,350.00

500,000.00 500,000.00 600,000.00

423,079.00 83,301.00 58,771.00
51,975.00 46,003.00 44,173.00
975,054.00 629,304.00 702,944.00
10,448,515.00 13,942,326.00 9,980,294.00

2,474,400.00 2,474,400.00 2,474,400.00

(52,834.00) 185,258.00 173,833.00
 6,547,725.00 6,547,725.00 3,894,725.00
1,351,054.00 1,963,916.00 1,765,009.00
10,320,345.00 11,171,299.00 8,307,967.00
20,768,860.00 25,113,625.00 18,288,261.00
 DEL MONTE PHILIPPINES INC.
STATEMENT OF FINANCIAL POSITION
(In Thousands)
YEARS 30-Apr-16 30-Apr-15
ASSETS
Current Assets
Cash and equivalents (notes 4,31 and 32) 200,066.00 794,615.00
Receivables - net (Notes 5,30,31 and 32) 10,031,387.00 7,503,657.00
Inventories (notes 6,17 and 24) 3,769,467.00 4,189,374.00
Biological assets (note 7) 4,125,365.00 5,663,139.00
Available-for-sale financial assets 5,025.00
Prepaid expenses and other current assets (notes 9 and 34) 825,763.00 638,800.00
Total Current Assets 18,952,048.00 18,794,610.00

Noncurrent Assets
Property, plant and equipment (note 11) 3,793,221.00 3,733,149.00
Biological assets - net (note 7) 1,756,604.00 64,396.00
Investment Property - net (note 10) 245,091.00 263,595.00
Investements(note 12) 34,500.00 10,125.00
Available-for-sale financial assets (notes 8 and 32) 6,077.00
Deferred tax assets- Net (note 25) 229,973.00 215,584.00
Other current assets (notes 13,31,32 and 34) 895,542.00 773,686.00
Total non current assets 6,961,008.00 5,060,535.00
TOTAL ASSETS
25,913,056.00
LIABILITIES AND EQUITY
Current liabilities
Short-term notes payable (Notes 14,31 and 32) 5,646,892.00 8,600,168.00
Accounts payable and accrues expenses (notes 16.31 and 32) 3,988,377.00 3,450,690.00
income tax payable (note 25) 23,489.00 13,331.00
Total Current Liabilities 9,658,758.00 12,064,189.00

Noncurrent Liabilities
long-term notes payable (Notes 15,31 and 32) 3,000,000.00
Net retirement benefits liability (note 29) 411,138.00 463,192.00
other current liabilities (notes 31 and 32) 93,804.00 72,370.00
Total noncurrent Liabilities 3,504,942.00 535,562.00
Total liabilities 13,163,700.00 12,599,751.00

Equity
Capital stock (notes 26 and 27) 2,474,400.00 2,474,400.00
other reserves (notes 9,11 and 29) (92,565.00) (53,256.00)
Retained earnings:
Appropriated (note 28) 8,500,000.00 6,547,725.00
Unappropriated 1,867,521.00 2,286,525.00
Total Equity 12,749,356.00 11,255,394.00
TOTAL LIABILITIES AND EQUITY 25,913,056.00 23,855,145.00
NES INC.
L POSITION
)
30-Apr-14 30-Dec-13 31-Dec-12

207,204.00 1,062,764.00 702,485.00

4,507,483.00 9,632,965.00 5,751,196.00
4,955,602.00 4,345,009.00 4,533,420.00
5,269,942.00 4,950,644.00 2,886,096.00
4,430.00 4,320.00 3,814.00
808,206.00 620,851.00 329,867.00
15,752,867.00 20,616,553.00 14,206,878.00

3,628,069.00 3,474,846.00 3,020,923.00

71,854.00 74,826.00 61,872.00
218,259.00 222,382.00 207,902.00
10,000.00 10,000.00 10,000.00

394,934.00 129,124.00 161,675.00

692,877.00 585,894.00 619,011.00
5,015,993.00 4,497,072.00 4,081,383.00
25,113,625.00 18,288,261.00

6,748,677.00 9,460,185.00 5,096,088.00

2,713,413.00 3,614,972.00 3,984,614.00
11,371.00 237,865.00 196,648.00
9,473,461.00 13,313,022.00 9,277,350.00

500,000.00 500,000.00 600,000.00

423,079.00 83,301.00 58,771.00
51,975.00 46,003.00 44,173.00
975,054.00 629,304.00 702,944.00
10,448,515.00 13,942,326.00 9,980,294.00

2,474,400.00 2,474,400.00 2,474,400.00

(52,834.00) 185,258.00 173,833.00

6,547,725.00 6,547,725.00 3,894,725.00

1,351,054.00 1,963,916.00 1,765,009.00
10,320,345.00 11,171,299.00 8,307,967.00
20,768,860.00 25,113,625.00 18,288,261.00
 DEL MONTE PHILIPPINES, IN
STATEMENT OF FINANCIAL POS
(In Thousands)
30-Apr-16 30-Apr-15
ASSETS
Current Assets
Cash and equivalents (notes 4,31 and 32) 200,066.00 0.77% 794,615.00
Receivables - net (Notes 5,30,31 and 32) 10,031,387.00 38.71% 7,503,657.00
Inventories (notes 6,17 and 24) 3,769,467.00 14.55% 4,189,374.00
Biological assets (note 7) 4,125,365.00 15.92% 5,663,139.00
Available-for-sale financial assets 5,025.00
Prepaid expenses and other current assets (notes 9 and 34) 825,763.00 3.19% 638,800.00
Total Current Assets 18,952,048.00 73.14% 18,794,610.00

Noncurrent Assets
Property, plant and equipment (note 11) 3,793,221.00 14.64% 3,733,149.00
Biological assets - net (note 7) 1,756,604.00 6.78% 64,396.00
Investment Property - net (note 10) 245,091.00 0.95% 263,595.00
Investements(note 12) 34,500.00 0.13% 10,125.00
Available-for-sale financial assets (notes 8 and 32) 6,077.00 0.02%
Deferred tax assets- Net (note 25) 229,973.00 0.89% 215,584.00
Other current assets (notes 13,31,32 and 34) 895,542.00 3.46% 773,686.00
Total non current assets 6,961,008.00 26.86% 5,060,535.00
TOTAL ASSETS 25,913,056.00 100.00% 23,855,145.00

LIABILITIES AND EQUITY

Current liabilities
Short-term notes payable (Notes 14,31 and 32) 5,646,892.00 21.79% 8,600,168.00
Accounts payable and accrues expenses (notes 16.31 and 32) 3,988,377.00 15.39% 3,450,690.00
income tax payable (note 25) 23,489.00 0.09% 13,331.00
Total Current Liabilities 9,658,758.00 37.27% 12,064,189.00

Noncurrent Liabilities
long-term notes payable (Notes 15,31 and 32) 3,000,000.00 11.58%
Net retirement benefits liability (note 29) 411,138.00 1.59% 463,192.00
other current liabilities (notes 31 and 32) 93,804.00 0.36% 72,370.00
Total noncurrent Liabilities 3,504,942.00 13.53% 535,562.00
Total liabilities 13,163,700.00 50.80% 12,599,751.00

Equity
Capital stock (notes 26 and 27) 2,474,400.00 9.55% 2,474,400.00
other reserves (notes 9,11 and 29) (92,565.00) -0.36% (53,256.00)
Retained earnings:
 Appropriated (note 28) 8,500,000.00 32.80% 6,547,725.00
Unappropriated 1,867,521.00 7.21% 2,286,525.00
Total Equity 12,749,356.00 49.20% 11,255,394.00
TOTAL LIABILITIES AND EQUITY 25,913,056.00 100.00% 23,855,145.00
E PHILIPPINES, INC.
F FINANCIAL POSITION
Thousands)
30-Apr-14 30-Dec-13 31-Dec-12

3.33% 207,204.00 1.00% 1,062,764.00 4.23% 702,485.00 3.84%

31.46% 4,507,483.00 0.22 9,632,965.00 38.36% 5,751,196.00 31.45%
17.56% 4,955,602.00 23.86% 4,345,009.00 17.30% 4,533,420.00 24.79%
23.74% 5,269,942.00 25.37% 4,950,644.00 19.71% 2,886,096.00 15.78%
0.02% 4,430.00 0.02% 4,320.00 0.02% 3,814.00 0.02%
2.68% 808,206.00 3.89% 620,851.00 2.47% 329,867.00 1.80%
78.79% 15,752,867.00 75.85% 20,616,553.00 82.09% 14,206,878.00 77.68%

15.65% 3,628,069.00 17.47% 3,474,846.00 13.84% 3,020,923.00 16.52%

0.27% 71,854.00 0.35% 74,826.00 0.30% 61,872.00 0.34%
1.10% 218,259.00 1.05% 222,382.00 0.89% 207,902.00 1.14%
0.04% 10,000.00 0.05% 10,000.00 0.04% 10,000.00 0.05%
0.00%
0.90% 394,934.00 1.90% 129,124.00 0.51% 161,675.00 0.88%
3.24% 692,877.00 3.34% 585,894.00 2.33% 619,011.00 3.38%
21.21% 5,015,993.00 24.15% 4,497,072.00 17.91% 4,081,383.00 22.32%
100.00% 20,768,860.00 100.00% 25,113,625.00 100.00% 18,288,261.00 100.00%

36.05% 6,748,677.00 32.49% 9,460,185.00 37.67% 5,096,088.00 27.87%

14.47% 2,713,413.00 13.06% 3,614,972.00 14.39% 3,984,614.00 0.21787823
0.06% 11,371.00 0.05% 237,865.00 0.95% 196,648.00 1.08%
50.57% 9,473,461.00 45.61% 13,313,022.00 53.01% 9,277,350.00 50.73%

500,000.00 2.41% 500,000.00 1.99% 600,000.00 3.28%

1.94% 423,079.00 2.04% 83,301.00 0.33% 58,771.00 0.32%
0.30% 51,975.00 0.25% 46,003.00 0.18% 44,173.00 0.24%
2.25% 975,054.00 4.69% 629,304.00 2.51% 702,944.00 3.84%
52.82% 10,448,515.00 50.31% 13,942,326.00 55.52% 9,980,294.00 54.57%

10.37% 2,474,400.00 11.91% 2,474,400.00 9.85% 2,474,400.00 13.53%

-0.22% (52,834.00) -0.25% 185,258.00 0.74% 173,833.00 0.95%
 27.45% 6,547,725.00 31.53% 6,547,725.00 26.07% 3,894,725.00 21.30%
9.59% 1,351,054.00 6.51% 1,963,916.00 7.82% 1,765,009.00 9.65%
47.18% 10,320,345.00 49.69% 11,171,299.00 44.48% 8,307,967.00 45.43%
100.00% 20,768,860.00 100.00% 25,113,625.00 100.00% 18,288,261.00 100.00%
 DEL MONTE PH
STATEMENT OF FINANCIAL PO
(In Tho
30-Apr-16
ASSETS
Current Assets
Cash and equivalents (notes 4,31 and 32) 200,066.00 0.77%
Receivables - net (Notes 5,30,31 and 32) 10,031,387.00 38.71%
Inventories (notes 6,17 and 24) 3,769,467.00 14.55%
Biological assets (note 7) 4,125,365.00 15.92%
Available-for-sale financial assets
Prepaid expenses and other current assets (notes 9 and 34) 825,763.00 3.19%
Total Current Assets 18,952,048.00 73.14%

Noncurrent Assets
Property, plant and equipment (note 11) 3,793,221.00 14.64%
Biological assets - net (note 7) 1,756,604.00 6.78%
Investment Property - net (note 10) 245,091.00 0.95%
Investements(note 12) 34,500.00 0.13%
Available-for-sale financial assets (notes 8 and 32) 6,077.00 0.02%
Deferred tax assets- Net (note 25) 229,973.00 0.89%
Other current assets (notes 13,31,32 and 34) 895,542.00 3.46%
Total non current assets 6,961,008.00 26.86%
TOTAL ASSETS 25,913,056.00 100.00%

LIABILITIES AND EQUITY

Current liabilities
Short-term notes payable (Notes 14,31 and 32) 5,646,892.00 21.79%
Accounts payable and accrues expenses (notes 16.31 and 32) 3,988,377.00 15.39%
income tax payable (note 25) 23,489.00 0.09%
Total Current Liabilities 9,658,758.00 37.27%

Noncurrent Liabilities
long-term notes payable (Notes 15,31 and 32) 3,000,000.00 11.58%
Net retirement benefits liability (note 29) 411,138.00 1.59%
other current liabilities (notes 31 and 32) 93,804.00 0.36%
Total noncurrent Liabilities 3,504,942.00 13.53%
Total liabilities 13,163,700.00 50.80%

Equity
Capital stock (notes 26 and 27) 2,474,400.00 9.55%
other reserves (notes 9,11 and 29) (92,565.00) -0.36%
Retained earnings:
 Appropriated (note 28) 8,500,000.00 32.80%
Unappropriated 1,867,521.00 7.21%
Total Equity 12,749,356.00 49.20%
TOTAL LIABILITIES AND EQUITY 25,913,056.00 100.00%
 DEL MONTE PHILIPPINES, INC.
T OF FINANCIAL POSITION (VERTICAL ANALYSIS)
(In Thousands)
30-Apr-15 30-Apr-14 30-Dec-13

794,615.00 3.33% 207,204.00 1.00% 1,062,764.00 4.23%

7,503,657.00 31.46% 4,507,483.00 0.22 9,632,965.00 38.36%
4,189,374.00 17.56% 4,955,602.00 23.86% 4,345,009.00 17.30%
5,663,139.00 23.74% 5,269,942.00 25.37% 4,950,644.00 19.71%
5,025.00 0.02% 4,430.00 0.02% 4,320.00 0.02%
638,800.00 2.68% 808,206.00 3.89% 620,851.00 2.47%
18,794,610.00 78.79% 15,752,867.00 75.85% 20,616,553.00 82.09%

3,733,149.00 15.65% 3,628,069.00 17.47% 3,474,846.00 13.84%

64,396.00 0.27% 71,854.00 0.35% 74,826.00 0.30%
263,595.00 1.10% 218,259.00 1.05% 222,382.00 0.89%
10,125.00 0.04% 10,000.00 0.05% 10,000.00 0.04%

215,584.00 0.90% 394,934.00 1.90% 129,124.00 0.51%

773,686.00 3.24% 692,877.00 3.34% 585,894.00 2.33%
5,060,535.00 21.21% 5,015,993.00 24.15% 4,497,072.00 17.91%
23,855,145.00 100.00% 20,768,860.00 100.00% 25,113,625.00 100.00%

8,600,168.00 36.05% 6,748,677.00 32.49% 9,460,185.00 37.67%

3,450,690.00 14.47% 2,713,413.00 13.06% 3,614,972.00 14.39%
13,331.00 0.06% 11,371.00 0.05% 237,865.00 0.95%
12,064,189.00 50.57% 9,473,461.00 45.61% 13,313,022.00 53.01%

500,000.00 2.41% 500,000.00 1.99%

463,192.00 1.94% 423,079.00 2.04% 83,301.00 0.33%
72,370.00 0.30% 51,975.00 0.25% 46,003.00 0.18%
535,562.00 2.25% 975,054.00 4.69% 629,304.00 2.51%
12,599,751.00 52.82% 10,448,515.00 50.31% 13,942,326.00 55.52%

2,474,400.00 10.37% 2,474,400.00 11.91% 2,474,400.00 9.85%

(53,256.00) -0.22% (52,834.00) -0.25% 185,258.00 0.74%
 6,547,725.00 27.45% 6,547,725.00 31.53% 6,547,725.00 26.07%
2,286,525.00 9.59% 1,351,054.00 6.51% 1,963,916.00 7.82%
11,255,394.00 47.18% 10,320,345.00 49.69% 11,171,299.00 44.48%
23,855,145.00 100.00% 20,768,860.00 100.00% 25,113,625.00 100.00%
 31-Dec-12

702,485.00 3.84%
5,751,196.00 31.45%
4,533,420.00 24.79%
2,886,096.00 15.78%
3,814.00 0.02%
329,867.00 1.80%
14,206,878.00 77.68%

3,020,923.00 16.52%
61,872.00 0.34%
207,902.00 1.14%
10,000.00 0.05%
0.00%
161,675.00 0.88%
619,011.00 3.38%
4,081,383.00 22.32%
18,288,261.00 100.00%

5,096,088.00 27.87%
3,984,614.00 0.2178782335
196,648.00 1.08%
9,277,350.00 50.73%

600,000.00 3.28%
58,771.00 0.32%
44,173.00 0.24%
702,944.00 3.84%
9,980,294.00 54.57%

2,474,400.00 13.53%
173,833.00 0.95%
 3,894,725.00 21.30%
1,765,009.00 9.65%
8,307,967.00 45.43%
18,288,261.00 100.00%
 DEL MONTE PHILIPPINES, INC.
STATEMENT OF FINANCIAL POSITION
(In Thousands)
%VARIANCE %VARIANCE
2015-2016 2014-2015

ASSETS
Current Assets
Cash and equivalents (notes 4,31 and 32) -74.82% 283.49%
Receivables - net (Notes 5,30,31 and 32) 33.69% 66.47%
Inventories (notes 6,17 and 24) -10.02% -15.46%
Biological assets (note 7) -27.15% 7.46%
Available-for-sale financial assets -100.00% 13.43%
Prepaid expenses and other current assets (notes 9 and 34) 29.27% -20.96%
Total Current Assets 0.84% 19.31%

Noncurrent Assets
Property, plant and equipment (note 11) 1.61% 2.90%
Biological assets - net (note 7) 2627.82% -10.38%
Investment Property - net (note 10) -7.02% 20.77%
Investements(note 12) 240.74% 1.25%
Available-for-sale financial assets (notes 8 and 32)
Deferred tax assets- Net (note 25) 6.67% -45.41%
Other current assets (notes 13,31,32 and 34) 15.75% 11.66%
Total non current assets 37.55% 0.89%
TOTAL ASSETS 8.63% 14.86%

LIABILITIES AND EQUITY

Current liabilities
Short-term notes payable (Notes 14,31 and 32) -34.34% 27.43%
Accounts payable and accrues expenses (notes 16.31 and 32) 15.58% 27.17%
income tax payable (note 25) 76.20% 17.24%
Total Current Liabilities -19.94% 27.35%

Noncurrent Liabilities
long-term notes payable (Notes 15,31 and 32) -100.00%
Net retirement benefits liability (note 29) -11.24% 9.48%
other current liabilities (notes 31 and 32) 29.62% 39.24%
Total noncurrent Liabilities 554.44% -45.07%
Total liabilities 4.48% 20.59%

Equity
Capital stock (notes 26 and 27) 0.00% 0.00%
other reserves (notes 9,11 and 29) 73.81% 0.80%
Retained earnings:
Appropriated (note 28) 29.82% 0.00%
Unappropriated -18.32% 69.24%
Total Equity 13.27% 9.06%
TOTAL LIABILITIES AND EQUITY 8.63% 14.86%
%VARIANCE %VARIANCE
2013-2014 2012-2013

-80.50% 51.29%
-53.21% 67.49%
14.05% -4.16%
6.45% 71.53%
2.55% 13.27%
30.18% 88.21%
-23.59% 45.12%

4.41% 15.03%
-3.97% 20.94%
-1.85% 6.96%
0.00% 0.00%

205.86% -20.13%
18.26% -5.35%
11.54% 10.19%
-17.30% 37.32%

-28.66% 85.64%
-24.94% -9.28%
-95.22% 20.96%
-28.84% 43.50%

0.00% -16.67%
407.89% 41.74%
12.98% 4.14%
54.94% -10.48%
-25.06% 39.70%

0.00% 0.00%
-128.52% 6.57%

0.00% 68.12%
-31.21% 11.27%
-7.62% 34.46%
-17.30% 37.32%
DEL MONTE PHILIPPINES, INC.
STATEMENT OF FINANCIAL POSITION (HORIZONTAL ANALYSIS)
(In Thousands)

30-Apr-16 30-Apr-15
ASSETS
Current Assets
Cash and equivalents (notes 4,31 and 32) 200,066.00 794,615.00
Receivables - net (Notes 5,30,31 and 32) 10,031,387.00 7,503,657.00
Inventories (notes 6,17 and 24) 3,769,467.00 4,189,374.00
Biological assets (note 7) 4,125,365.00 5,663,139.00
Available-for-sale financial assets 5,025.00
Prepaid expenses and other current assets (notes 9 and 34) 825,763.00 638,800.00
Total Current Assets 18,952,048.00 18,794,610.00

Noncurrent Assets
Property, plant and equipment (note 11) 3,793,221.00 3,733,149.00
Biological assets - net (note 7) 1,756,604.00 64,396.00
Investment Property - net (note 10) 245,091.00 263,595.00
Investements(note 12) 34,500.00 10,125.00
Available-for-sale financial assets (notes 8 and 32) 6,077.00
Deferred tax assets- Net (note 25) 229,973.00 215,584.00
Other current assets (notes 13,31,32 and 34) 895,542.00 773,686.00
Total non current assets 6,961,008.00 5,060,535.00
TOTAL ASSETS 25,913,056.00 23,855,145.00

LIABILITIES AND EQUITY

Current liabilities
Short-term notes payable (Notes 14,31 and 32) 5,646,892.00 8,600,168.00
Accounts payable and accrues expenses (notes 16.31 and 32) 3,988,377.00 3,450,690.00
income tax payable (note 25) 23,489.00 13,331.00
Total Current Liabilities 9,658,758.00 12,064,189.00

Noncurrent Liabilities
long-term notes payable (Notes 15,31 and 32) 3,000,000.00
Net retirement benefits liability (note 29) 411,138.00 463,192.00
other current liabilities (notes 31 and 32) 93,804.00 72,370.00
Total noncurrent Liabilities 3,504,942.00 535,562.00
Total liabilities 13,163,700.00 12,599,751.00

Equity
Capital stock (notes 26 and 27) 2,474,400.00 2,474,400.00
other reserves (notes 9,11 and 29) (92,565.00) (53,256.00)
Retained earnings:
Appropriated (note 28) 8,500,000.00 6,547,725.00
Unappropriated 1,867,521.00 2,286,525.00
Total Equity 12,749,356.00 11,255,394.00
TOTAL LIABILITIES AND EQUITY 25,913,056.00 23,855,145.00
 VARIANCE VARIANCE VARIANCE
2015-2016 2014-2015 2013-2014
30-Apr-14 30-Dec-13 31-Dec-12

207,204.00 1,062,764.00 702,485.00 - 594,549.00 587,411.00 - 855,560.00

4,507,483.00 9,632,965.00 5,751,196.00 2,527,730.00 2,996,174.00 - 5,125,482.00
4,955,602.00 4,345,009.00 4,533,420.00 - 419,907.00 - 766,228.00 610,593.00
5,269,942.00 4,950,644.00 2,886,096.00 - 1,537,774.00 393,197.00 319,298.00
4,430.00 4,320.00 3,814.00 - 5,025.00 595.00 110.00
808,206.00 620,851.00 329,867.00 186,963.00 - 169,406.00 187,355.00
15,752,867.00 20,616,553.00 14,206,878.00 157,438.00 3,041,743.00 - 4,863,686.00

3,628,069.00 3,474,846.00 3,020,923.00 60,072.00 105,080.00 153,223.00

71,854.00 74,826.00 61,872.00 1,692,208.00 - 7,458.00 - 2,972.00
218,259.00 222,382.00 207,902.00 - 18,504.00 45,336.00 - 4,123.00
10,000.00 10,000.00 10,000.00 24,375.00 125.00 -
6,077.00 - -
394,934.00 129,124.00 161,675.00 14,389.00 - 179,350.00 265,810.00
692,877.00 585,894.00 619,011.00 121,856.00 80,809.00 106,983.00
5,015,993.00 4,497,072.00 4,081,383.00 1,900,473.00 44,542.00 518,921.00
20,768,860.00 25,113,625.00 18,288,261.00 2,057,911.00 3,086,285.00 - 4,344,765.00

6,748,677.00 9,460,185.00 5,096,088.00 - 2,953,276.00 1,851,491.00 - 2,711,508.00

2,713,413.00 3,614,972.00 3,984,614.00 537,687.00 737,277.00 - 901,559.00
11,371.00 237,865.00 196,648.00 10,158.00 1,960.00 - 226,494.00
9,473,461.00 13,313,022.00 9,277,350.00 - 2,405,431.00 2,590,728.00 - 3,839,561.00
- - -
- - -
500,000.00 500,000.00 600,000.00 3,000,000.00 - 500,000.00 -
423,079.00 83,301.00 58,771.00 - 52,054.00 40,113.00 339,778.00
51,975.00 46,003.00 44,173.00 21,434.00 20,395.00 5,972.00
975,054.00 629,304.00 702,944.00 2,969,380.00 - 439,492.00 345,750.00
10,448,515.00 13,942,326.00 9,980,294.00 563,949.00 2,151,236.00 - 3,493,811.00

2,474,400.00 2,474,400.00 2,474,400.00 - - -

 (52,834.00) 185,258.00 173,833.00 - 39,309.00 - 422.00 - 238,092.00

6,547,725.00 6,547,725.00 3,894,725.00 1,952,275.00 - -

1,351,054.00 1,963,916.00 1,765,009.00 - 419,004.00 935,471.00 - 612,862.00
10,320,345.00 11,171,299.00 8,307,967.00 1,493,962.00 935,049.00 - 850,954.00
20,768,860.00 25,113,625.00 18,288,261.00 2,057,911.00 3,086,285.00 - 4,344,765.00
 VARIANCE %VARIANCE %VARIANCE %VARIANCE %VARIANCE
2012-2013 2015-2016 2014-2015 2013-2014 2012-2013

360,279.00 -74.82% 283.49% -80.50% 51.29%

3,881,769.00 33.69% 66.47% -53.21% 67.49%
- 188,411.00 -10.02% -15.46% 14.05% -4.16%
2,064,548.00 -27.15% 7.46% 6.45% 71.53%
506.00 -100.00% 13.43% 2.55% 13.27%
290,984.00 29.27% -20.96% 30.18% 88.21%
6,409,675.00 0.84% 19.31% -23.59% 45.12%

453,923.00 1.61% 2.90% 4.41% 15.03%

12,954.00 2627.82% -10.38% -3.97% 20.94%
14,480.00 -7.02% 20.77% -1.85% 6.96%
- 240.74% 1.25% 0.00% 0.00%
-
- 32,551.00 6.67% -45.41% 205.86% -20.13%
- 33,117.00 15.75% 11.66% 18.26% -5.35%
415,689.00 37.55% 0.89% 11.54% 10.19%
6,825,364.00 8.63% 14.86% -17.30% 37.32%

4,364,097.00 -34.34% 27.43% -28.66% 85.64%

- 369,642.00 15.58% 27.17% -24.94% -9.28%
41,217.00 76.20% 17.24% -95.22% 20.96%
4,035,672.00 -19.94% 27.35% -28.84% 43.50%
-
-
- 100,000.00 -100.00% 0.00% -16.67%
24,530.00 -11.24% 9.48% 407.89% 41.74%
1,830.00 29.62% 39.24% 12.98% 4.14%
- 73,640.00 554.44% -45.07% 54.94% -10.48%
3,962,032.00 4.48% 20.59% -25.06% 39.70%

- 0.00% 0.00% 0.00% 0.00%

 11,425.00 73.81% 0.80% -128.52% 6.57%

2,653,000.00 29.82% 0.00% 0.00% 68.12%

198,907.00 -18.32% 69.24% -31.21% 11.27%
2,863,332.00 13.27% 9.06% -7.62% 34.46%
6,825,364.00 8.63% 14.86% -17.30% 37.32%
 D
Statemen

Capital Stock

Preferred

As at May 1, 2015 638,400

Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net Income for the year -
Total Comprehensive Income for the year -
As at April 30, 2016 638,400

As at May 1, 2014 638,400

Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net Income for the year -
Total Comprehensive Income for the year -
As at April 30, 2015 638,400

As at January 1,2014 638,400

Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net loss for the period -
Total Comprehensive Income for the year -
As at April 30,2014 638,400
-
As at January 1,2013 638,400
Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net Income for the year -
Total Comprehensive Income for the year -
Appropriation during the year -
As at December 31,2013 638,400
-
As at January 1,2012, As previously repo 638,400
Adjustment due to change in accounting -
As at January 1, 2012, As restated 638,400
Changes during the year - net of tax -
Net Income for the year -
Total Comprehensive Income (loss) for the -
Appropriation during the year -
As at December 31,2012, As restated 638,400
 DEL MONTE PHILIPPINES, INC.
Statements of Changes in Stockholders' Equity
(In Thousands)
Capital Stock Other Reserves
Remeasurement Land
Common Of defined Revaluation
Benefit Liability Surplus
1,836,000 -270,897 213,510

- -40,251 -
- - -
- -40,251 -
1,836,000 -311,148 213,510

1,836,000 -269,940 213,510

- -957 -
- - -
- -957 -
1,836,000 -270,897 213,510

1,836,000 -31,748 213,510

- -238,192 -
- - -
- -238,192 -
1,836,000 -269,940 213,510
- -
1,836,000 -121,774 170,794
 - 90,026 42,716
- - -
- 90,026 42,716
- - -
1,836,000 -31,748 213,510
- -
1,836,000 - 170,794
- -169,469 -
1,836,000 -169,469 170,794
- 47,695 -
- - -
- 47,695 -
- - -
1,836,000 -121,774 170,794
, INC.
olders' Equity

serves Retained earnings

AFS
Financial Appropriated Unappropriated
Assets
4,131 6,547,725 2,286,525

942 1,952,275 -1,952,275

- - 1,533,271
942 1,952,275 -419,004
5,073 8,500,000 1,867,521

3,596 6,547,725 1,351,054

535 - -
- - 935,471
535 - 935,471
4,131 6,547,725 2,286,525
-
3,496 6,547,725 1,963,916

100 - -
- - -612,862
100 - -612,862
3,596 6,547,725 1,351,054
-
3,039 3,894,725 3,231,456
 457 - -
- - 1,385,460
457 - 1,385,460
- 2,653,000 -2,653,000
3,496 6,547,725 1,963,916
-
3,078 2,894,725 1,710,971
- - 1,396,878
3,078 2,894,725 3,107,849
-39 - 69,569
- - 1,054,038
-39 - 1,123,607
- 1,000,000 -1,000,000
3,039 3,894,725 3,231,456
Total Equity

11,255,394

-39,309
1,533,271
1,493,962
12,749,356

10,320,345

-422
935,471
935,049
11,255,394
-
11,171,299

-238,092
-612,862
-850,954
10,320,345

9,652,640
 133,199
1,385,460
1,518,659
-
11,171,299

7,253,968
1,227,409
8,481,377
117,225
1,054,038
1,171,263
-
9,652,640
 Statem

Capital Stock

Preferred
As at May 1, 2015 638,400
Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net Income for the year -
Total Comprehensive Income for the year -
As at April 30, 2016 638,400

As at May 1, 2014 638,400

Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net Income for the year -
Total Comprehensive Income for the year -
As at April 30, 2015 638,400

As at January 1,2014 638,400

Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net loss for the period -
Total Comprehensive Income for the year -
As at April 30,2014 638,400
-
As at January 1,2013 638,400
Total Comprehensive Income for the year:
Other comprehensive income (loss)
during the period - net of tax -
Net Income for the year -
Total Comprehensive Income for the year -
Appropriation during the year -
As at December 31,2013 638,400
-
As at January 1,2012, As previously reported 638,400
Adjustment due to change in accounting policies -
As at January 1, 2012, As restated 638,400
Changes during the year - net of tax -
Net Income for the year -
Total Comprehensive Income (loss) for the year -
Appropriation during the year -
As at December 31,2012, As restated 638,400
 DEL MONTE PHILIPPINES, INC.
Statements of Changes in Stockholders' Equ
(In Thousands)
Capital Stock
Remeasurement of Retirement
Common Benefit Liability
1,836,000 -270,897

- -40,251
- -
- -40,251
1,836,000 -311,148

1,836,000 -269,940

- -957
- -
- -957
1,836,000 -270,897

1,836,000 -31,748

- -238,192
- -
- -238,192
1,836,000 -269,940
-
1,836,000 -121,774

- 90,026
- -
- 90,026
- -
1,836,000 -31,748
-
1,836,000 -
- -169,469
1,836,000 -169,469
- 47,695
- -
- 47,695
- -
1,836,000 -121,774
LIPPINES, INC.
n Stockholders' Equity
ands)
Other Reserves Retained earnings
Land Revaluation AFS Financial
Surplus Assets Appropriated
213,510 4,131 6,547,725

- 942 1,952,275
- - -
- 942 1,952,275
213,510 5,073 8,500,000

213,510 3,596 6,547,725

- 535 -
- - -
- 535 -
213,510 4,131 6,547,725
-
213,510 3,496 6,547,725

- 100 -
- - -
- 100 -
213,510 3,596 6,547,725
- -
170,794 3,039 3,894,725

42,716 457 -
- - -
42,716 457 -
- - 2,653,000
213,510 3,496 6,547,725
- -
170,794 3,078 2,894,725
- - -
170,794 3,078 2,894,725
- -39 -
- - -
- -39 -
- - 1,000,000
170,794 3,039 3,894,725
Retained earnings

Unappropriated Total Equity

2,286,525 11,255,394

-1,952,275 -39,309
1,533,271 1,533,271
-419,004 1,493,962
1,867,521 12,749,356

1,351,054 10,320,345

- -422
935,471 935,471
935,471 935,049
2,286,525 11,255,394
-
1,963,916 11,171,299

- -238,092
-612,862 -612,862
-612,862 -850,954
1,351,054 10,320,345

3,231,456 9,652,640

- 133,199
1,385,460 1,385,460
1,385,460 1,518,659
-2,653,000 -
1,963,916 11,171,299
 1,710,971 7,253,968
1,396,878 1,227,409
3,107,849 8,481,377
69,569 117,225
1,054,038 1,054,038
1,123,607 1,171,263
-1,000,000 -
3,231,456 9,652,640
 DEL MONTE PHILIPPINES, INC.
STATEMENT OF INCOME
(In Thousands)
APRIL 31, 2016 APRIL 31, 2015
SALES (note 30) 22,271,373 21,072,200
COST OF SALES (NOTE 17) 17,413,894 16,771,727
GROSS INCOME 4,857,479 4,300,473
DISTRIBUTION AND SELLING EXPENSES (NOTE 19) 3,280,758 2,921,961
GENERAL AND ADMINISTRATIVE EXPENSES (NOTE 19) 641,493 702,402
CHANGES IN FAIR VALUES OF BIOLOGICAL ASSETS (NOTE 21) 1,108,567 742,779
FINANCE COST (NOTE 20) 277,001 182,937
FOREIGN EXCHANGE GAIN(LOSS)-NET (NOTE 31) 74,911 12,249
INTEREST INCOME 16,155 15,251
OTHER INCOME-NET (NOTE 22) 76,706 114,318
INCOME BEFORE INCOME TAX 1,934,566 1,353,272
INCOME TAX EXPENSE (NOTES 25 AND 35)
Current 398,544 244,266
Deffered 2,751 173,535
401,295 417,801
NET INCOME 1,533,271 935,471
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will never be reclassified to profit or loss
Remeasurement of retirement liability -57,501 -1,367
Unrealized gain on change in fair value of land
Income tax effect 17,250 410
-40,251 -957
Items that will be reclasified to profit or loss
Unrealized gain on change in fair value of
available-for-sale financial assets 1,052 595
Income tax effect -110 -60
942 535
-39,309 -422
Tax on items taken directly to equity
Unrealized gain on change in fair value of land

OTHER COMPREHENSIVE INCOME (LOSS)

TOTAL COMPREHENSIVE INCOME 1,493,962 935,049
ES, INC.
OME

APRIL 31, 2014 DEC. 31 2013 DEC. 31 2012

3,794,723 19,829,207 18,511,578
3,583,844 15,366,107 14,344,097
210,879 4,463,100 4,167,481
821,302 2,982,384 2,790,017
220,575 513,678 472,000
209,136 849,476 675,538
72,295 196,430 200,812
10,161 31,962 3,259
3,865 15,674 22,808
62,219 229,344 75,086
-742,350 1,833,140 1,481,343

34,250 521,463 399,247

-163,738 -73,783 28,058
-129,488 447,680 427,305
-612,862 1,385,460 1,054,038

-340,274 128,609
61,023
102,082 -56,890
-238,192 132,742

110 506 -28

-10 -49
100 457

-10

-38
-238,092 133,199
-850,954 1,518,659 1,054,000
 DEL MONTE PHILIPPINES, INC.
STATEMENT OF INCOME
(In Thousands)
APRIL 31, 2016 APRIL 31, 2015
SALES (note 30) 22,271,373 21,072,200
COST OF SALES (NOTE 17) 17,413,894 16,771,727
GROSS INCOME 4,857,479 4,300,473
DISTRIBUTION AND SELLING EXPENSES (NOTE 19) 3,280,758 2,921,961
GENERAL AND ADMINISTRATIVE EXPENSES (NOTE 19) 641,493 702,402
CHANGES IN FAIR VALUES OF BIOLOGICAL ASSETS (NOTE 21) 1,108,567 742,779
FINANCE COST (NOTE 20) 277,001 182,937
FOREIGN EXCHANGE GAIN(LOSS)-NET (NOTE 31) 74,911 12,249
INTEREST INCOME 16,155 15,251
OTHER INCOME-NET (NOTE 22) 76,706 114,318
INCOME BEFORE INCOME TAX 1,934,566 1,353,272
INCOME TAX EXPENSE (NOTES 25 AND 35)
Current 398,544 244,266
Deffered 2,751 173,535
401,295 417,801
NET INCOME 1,533,271 935,471
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will never be reclassified to profit or loss
Remeasurement of retirement liability -57,501 -1,367
Unrealized gain on change in fair value of land
Income tax effect 17,250 410
-40,251 -957
Items that will be reclasified to profit or loss
Unrealized gain on change in fair value of
available-for-sale financial assets 1,052 595
Income tax effect -110 -60
942 535
-39,309 -422
Tax on items taken directly to equity
Unrealized gain on change in fair value of land

OTHER COMPREHENSIVE INCOME (LOSS)

TOTAL COMPREHENSIVE INCOME 1,493,962 935,049
NES, INC.
COME
)
APRIL 31, 2014 DEC. 31 2013 DEC. 31 2012
3,794,723 19,829,207 18,511,578
3,583,844 15,366,107 14,344,097
210,879 4,463,100 4,167,481
821,302 2,982,384 2,790,017
220,575 513,678 472,000
209,136 849,476 675,538
72,295 196,430 200,812
10,161 31,962 3,259
3,865 15,674 22,808
62,219 229,344 75,086
-742,350 1,833,140 1,481,343

34,250 521,463 399,247

-163,738 -73,783 28,058
-129,488 447,680 427,305
-612,862 1,385,460 1,054,038

-340,274 128,609
61,023
102,082 -56,890
-238,192 132,742

110 506 -28

-10 -49
100 457

-10

-38
-238,092 133,199
-850,954 1,518,659 1,054,000
 DEL MONTE PHILIPPIN
STATEMENT OF INC
(In Thousands
APRIL 31, 2016
SALES (note 30) 22,271,373 100.00%
COST OF SALES (NOTE 17) 17,413,894 78.19%
GROSS INCOME 4,857,479 21.81%
DISTRIBUTION AND SELLING EXPENSES (NOTE 19) 3,280,758 14.73%
GENERAL AND ADMINISTRATIVE EXPENSES (NOTE 19) 641,493 2.88%
CHANGES IN FAIR VALUES OF BIOLOGICAL ASSETS (NOTE 21) 1,108,567 4.98%
FINANCE COST (NOTE 20) 277,001 1.24%
FOREIGN EXCHANGE GAIN(LOSS)-NET (NOTE 31) 74,911 0.34%
INTEREST INCOME 16,155 0.07%
OTHER INCOME-NET (NOTE 22) 76,706 0.34%
INCOME BEFORE INCOME TAX 1,934,566 8.69%
INCOME TAX EXPENSE (NOTES 25 AND 35)
Current 398,544 1.79%
Deffered 2,751 0.01%
401,295 1.80%
NET INCOME 1,533,271 6.88%
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will never be reclassified to profit or loss
Remeasurement of retirement liability -57,501 -0.26%
Unrealized gain on change in fair value of land
Income tax effect 17,250 0.08%
-40,251 -0.18%
Items that will be reclasified to profit or loss
Unrealized gain on change in fair value of
available-for-sale financial assets 1,052 0.0047%
Income tax effect -110 -0.0005%
942 0.0042%
-39,309 -0.18%
Tax on items taken directly to equity

OTHER COMPREHENSIVE INCOME (LOSS)

TOTAL COMPREHENSIVE INCOME 1,493,962 6.71%
 ONTE PHILIPPINES, INC.
ATEMENT OF INCOME
(In Thousands)
APRIL 31, 2015 APRIL 31, 2014 DEC. 31, 2013 DEC. 31, 2012
21,072,200 100.00% 3,794,723 100.00% 19,829,207 100.00% 18,511,578
16,771,727 79.59% 3,583,844 94.44% 15,366,107 77.49% 14,344,097
4,300,473 20.41% 210,879 5.56% 4,463,100 22.51% 4,167,481
2,921,961 13.87% 821,302 21.64% 2,982,384 15.04% 2,790,017
702,402 3.33% 220,575 5.81% 513,678 2.59% 472,000
742,779 3.52% 209,136 5.51% 849,476 4.28% 675,538
182,937 0.87% 72,295 1.91% 196,430 0.99% 200,812
12,249 0.06% 10,161 0.27% 31,962 0.16% 3,259
15,251 0.07% 3,865 0.10% 15,674 0.08% 22,808
114,318 0.54% 62,219 1.64% 229,344 1.16% 75,086
1,353,272 6.42% 742,350 19.56% 1,833,140 9.24% 1,481,343

244,266 1.16% 34,250 0.90% 521,463 2.63% 399,247

173,535 0.82% 163,738 4.31% 73,783 0.37% 28,058
417,801 1.98% 129,488 3.41% 447,680 2.26% 427,305
935,471 4.44% 612,862 16.15% 1,385,460 6.99% 1,054,038

-1,367 -0.01% -340,274 -8.97% 128,609 0.65%

61,023 0.31%
410 0.0019% 102,082 2.69% -56,890 -0.29%
-957 -0.0045% -238,192 -6.28% 132,742 0.67%

595 0.0028% 110 0.00% 506 0.0026% -28

-60 -0.0003% -10 0.00% -49 -0.0002%
535 0.0025% 100 0.00% 457 0.0023%
-422 -0.0020%
-10
-38
-238,092 -6.27% 133,199 0.67%
935,049 4.44% -850,954 -22.42% 1,518,659 7.66% 1,054,000
100.00%
77.49%
22.51%
15.07%
2.55%
3.65%
1.08%
0.02%
0.12%
0.41%
8.00%

2.16%
0.15%
2.31%
5.69%

-0.0002%

-0.0001%
-0.0002%

5.69%
 DEL MONTE PHILIPPIN
STATEMENT OF INC
(In Thousands
APRIL 31, 2016
SALES (note 30) 22,271,373 100.00%
COST OF SALES (NOTE 17) 17,413,894 78.19%
GROSS INCOME 4,857,479 21.81%
DISTRIBUTION AND SELLING EXPENSES (NOTE 19) 3,280,758 14.73%
GENERAL AND ADMINISTRATIVE EXPENSES (NOTE 19) 641,493 2.88%
CHANGES IN FAIR VALUES OF BIOLOGICAL ASSETS (NOTE 21) 1,108,567 4.98%
FINANCE COST (NOTE 20) 277,001 1.24%
FOREIGN EXCHANGE GAIN(LOSS)-NET (NOTE 31) 74,911 0.34%
INTEREST INCOME 16,155 0.07%
OTHER INCOME-NET (NOTE 22) 76,706 0.34%
INCOME BEFORE INCOME TAX 1,934,566 8.69%
INCOME TAX EXPENSE (NOTES 25 AND 35)
Current 398,544 1.79%
Deffered 2,751 0.01%
401,295 1.80%
NET INCOME 1,533,271 6.88%
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will never be reclassified to profit or loss
Remeasurement of retirement liability -57,501 -0.26%
Unrealized gain on change in fair value of land
Income tax effect 17,250 0.08%
-40,251 -0.18%
Items that will be reclasified to profit or loss
Unrealized gain on change in fair value of
available-for-sale financial assets 1,052 0.0047%
Income tax effect -110 -0.0005%
942 0.0042%
-39,309 -0.18%
Tax on items taken directly to equity
Unrealized gain on change in fair value of land

OTHER COMPREHENSIVE INCOME (LOSS)

TOTAL COMPREHENSIVE INCOME 1,493,962 6.71%
 ONTE PHILIPPINES, INC.
ATEMENT OF INCOME
(In Thousands)
APRIL 31, 2015 APRIL 31, 2014 DEC. 31, 2013 DEC. 31, 2012
21,072,200 100.00% 3,794,723 100.00% 19,829,207 100.00% 18,511,578
16,771,727 79.59% 3,583,844 94.44% 15,366,107 77.49% 14,344,097
4,300,473 20.41% 210,879 5.56% 4,463,100 22.51% 4,167,481
2,921,961 13.87% 821,302 21.64% 2,982,384 15.04% 2,790,017
702,402 3.33% 220,575 5.81% 513,678 2.59% 472,000
742,779 3.52% 209,136 5.51% 849,476 4.28% 675,538
182,937 0.87% 72,295 1.91% 196,430 0.99% 200,812
12,249 0.06% 10,161 0.27% 31,962 0.16% 3,259
15,251 0.07% 3,865 0.10% 15,674 0.08% 22,808
114,318 0.54% 62,219 1.64% 229,344 1.16% 75,086
1,353,272 6.42% 742,350 19.56% 1,833,140 9.24% 1,481,343

244,266 1.16% 34,250 0.90% 521,463 2.63% 399,247

173,535 0.82% 163,738 4.31% 73,783 0.37% 28,058
417,801 1.98% 129,488 3.41% 447,680 2.26% 427,305
935,471 4.44% 612,862 16.15% 1,385,460 6.99% 1,054,038

-1,367 -0.01% -340,274 -8.97% 128,609 0.65%

61,023 0.31%
410 0.0019% 102,082 2.69% -56,890 -0.29%
-957 -0.0045% -238,192 -6.28% 132,742 0.67%

595 0.0028% 110 0.00% 506 0.0026% -28

-60 -0.0003% -10 0.00% -49 -0.0002%
535 0.0025% 100 0.00% 457 0.0023%
-422 -0.0020%
-10

-38
-238,092 -6.27% 133,199 0.67%
935,049 4.44% -850,954 -22.42% 1,518,659 7.66% 1,054,000
100.00%
77.49%
22.51%
15.07%
2.55%
3.65%
1.08%
0.02%
0.12%
0.41%
8.00%

2.16%
0.15%
2.31%
5.69%

0.00%

0.00%

0.00%

5.69%
 DEL MONTE PHILIPPINES, INC.
STATEMENT OF INCOME
(In Thousands)
%VARIANCE %VARIANCE %VARIANCE
2015-2016 2014-2015 2013-2014
SALES 5.69% 455.30% -80.86%
COST OF SALES 3.83% 367.98% -76.68%
GROSS INCOME 12.95% 1939.31% -95.28%
DISTRIBUTION AND SELLING EXPENSES 12.28% 255.77% -72.46%
GENERAL AND ADMINISTRATIVE EXPENSES -8.67% 218.44% -57.06%
CHANGES IN FAIR VALUES OF BIOLOGICAL ASSETS 49.25% 255.17% -75.38%
FINANCE COST 51.42% 153.04% -63.20%
FOREIGN EXCHANGE GAIN(LOSS)-NET 511.57% 20.55% -68.21%
INTEREST INCOME 5.93% 294.59% -75.34%
OTHER INCOME-NET -32.90% 83.73% -72.87%
INCOME BEFORE INCOME TAX 42.95% 82.30% -59.50%
INCOME TAX EXPENSE
Current 63.16% 613.19% -93.43%
Deffered -98.41% 5.98% 121.92%
-3.95% 222.66% -71.08%
NET INCOME 63.90% 52.64% -55.76%
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will never be reclassified to profit or loss
Remeasurement of retirement liability 4106.36% -99.60% -364.58%
Unrealized gain on change in fair value of land -100.00%
Income tax effect 4107.32% -99.60% -279.44%
4105.96% -99.60% -279.44%
Items that will be reclasified to profit or loss
Unrealized gain on change in fair value of
available-for-sale financial assets 76.81% 440.91% -78.26%
Income tax effect 83.33% 500.00% -79.59%
76.07% 435.00% -78.12%
9214.93%
Tax on items taken directly to equity

OTHER COMPREHENSIVE INCOME (LOSS) -100.00% -278.75%

TOTAL COMPREHENSIVE INCOME 59.77% -209.88% -156.03%
%VARIANCE
2012-2013
7.12%
7.12%
7.09%
6.89%
8.83%
25.75%
-2.18%
880.73%
-31.28%
205.44%
23.75%

30.61%
162.97%
4.77%
31.44%

-1907.14%

0.00%
DEL MONTE PHILIPPINES, INC.
STATEMENT OF INCOME (HORIZONTAL)
(In Thousands)
APRIL 31, 2016
SALES (note 30) 22,271,373
COST OF SALES (NOTE 17) 17,413,894
GROSS INCOME 4,857,479
DISTRIBUTION AND SELLING EXPENSES (NOTE 19) 3,280,758
GENERAL AND ADMINISTRATIVE EXPENSES (NOTE 19) 641,493
CHANGES IN FAIR VALUES OF BIOLOGICAL ASSETS (NOTE 21) 1,108,567
FINANCE COST (NOTE 20) 277,001
FOREIGN EXCHANGE GAIN(LOSS)-NET (NOTE 31) 74,911
INTEREST INCOME 16,155
OTHER INCOME-NET (NOTE 22) 76,706
INCOME BEFORE INCOME TAX 1,934,566
INCOME TAX EXPENSE (NOTES 25 AND 35)
Current 398,544
Deffered 2,751
401,295
NET INCOME 1,533,271
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will never be reclassified to profit or loss
Remeasurement of retirement liability -57,501
Unrealized gain on change in fair value of land
Income tax effect 17,250
-40,251
Items that will be reclasified to profit or loss
Unrealized gain on change in fair value of
available-for-sale financial assets 1,052
Income tax effect -110
942
-39,309
Tax on items taken directly to equity
Unrealized gain on change in fair value of land

OTHER COMPREHENSIVE INCOME (LOSS)

TOTAL COMPREHENSIVE INCOME 1,493,962
 %VARIANCE
APRIL 31, 2015 APRIL 31, 2014 DEC. 31 2013 DEC. 31 2012 2015-2016
21,072,200 3,794,723 19,829,207 18,511,578 5.69%
16,771,727 3,583,844 15,366,107 14,344,097 3.83%
4,300,473 210,879 4,463,100 4,167,481 12.95%
2,921,961 821,302 2,982,384 2,790,017 12.28%
702,402 220,575 513,678 472,000 -8.67%
742,779 209,136 849,476 675,538 49.25%
182,937 72,295 196,430 200,812 51.42%
12,249 10,161 31,962 3,259 511.57%
15,251 3,865 15,674 22,808 5.93%
114,318 62,219 229,344 75,086 -32.90%
1,353,272 742,350 1,833,140 1,481,343 42.95%

244,266 34,250 521,463 399,247 63.16%

173,535 163,738 73,783 28,058 -98.41%
417,801 129,488 447,680 427,305 -3.95%
935,471 612,862 1,385,460 1,054,038 63.90%

-1,367 -340,274 128,609 4106.36%

61,023
410 102,082 -56,890 4107.32%
-957 -238,192 132,742 4105.96%

595 110 506 -28 76.81%

-60 -10 -49 83.33%
535 100 457 76.07%
-422 9214.93%
-10

-38
-238,092 133,199
935,049 -850,954 1,518,659 1,054,000 59.77%
%VARIANCE %VARIANCE %VARIANCE
2014-2015 2013-2014 2012-2013
455.30% -80.86% 7.12%
367.98% -76.68% 7.12%
1939.31% -95.28% 7.09%
255.77% -72.46% 6.89%
218.44% -57.06% 8.83%
255.17% -75.38% 25.75%
153.04% -63.20% -2.18%
20.55% -68.21% 880.73%
294.59% -75.34% -31.28%
83.73% -72.87% 205.44%
82.30% -59.50% 23.75%

613.19% -93.43% 30.61%

5.98% 121.92% 162.97%
222.66% -71.08% 4.77%
52.64% -55.76% 31.44%

-99.60% -364.58%
-100.00%
-99.60% -279.44%
-99.60% -279.44%

440.91% -78.26% -1907.14%

500.00% -79.59%
435.00% -78.12%

-100.00% -278.75%
-209.88% -156.03% 0.00%
 DEL MONTE PHILIPPINES, INC.
STATEMENT OF CASH FLOWS
(In Thousands)
APRIL 31, 2016
CASH FLOWS FRIOM OPERATING ACTIVITIES
Income before income tax 1,934,566.00
Adjustments for:
Depreciation and amortiation (notes 10 and 11) 709,494.00
Interest expense and finance charges (note 20) 198,660.00
Net retirement benefits expense (note 29) 168,153.00
Write-down of inventories to net realizable value (note 6) 106,454.00
Unrealized foreign exchange gains (note 31) (95,945.00)
impairment losses on receivables (note 5)
Reversal of impairment losses on receivables (note 5) (59,474.00)
Changes in fair value of biological assets (29,109.00)
Interest income (16,155.00)
Gain on sale of property, plant and equipment (1,236.00)
Operating income before working capital changes 2,915,408.00
Decrease (increase) in:
Receivables (notes 5 and 30) (2,332,339.00)
Inventories (note 6) 313,453.00
Biological assets (note 7) (125,325.00)
Prepaid expenses and other current assets (note 9) (172,701.00)
Increase in:
Accounts payable and accrues expenses (notes 16) 527,544.00
Other noncurrent liabilities 21,434.00
Cash generated from operations 1,147,474.00
Interest received 16,129.00
Contributions paid (note 29) (277,708.00)
Income taxes paid (388,386.00)
Net cash provided by operating activities 497,509.00

CASH FLOWS FROM INVESTING ACTIVITIES

Decrease in loans to related parties (5,30)
Additions to property and equipment (note 11) (752,424.00)
Additions (reductions) to other noncurrent assets (note 13) (121,732.00)
Additions to investment (note 12) (24,375.00)
Additions to investment property (note 10)
Proceeds from sale of property and equipment 2,598.00
Net cash used in investing activities (895,933.00)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from availments of notes payable (notes 14 and 15) 46,247,096.00
Payments of notes payable (note 14) (46,253,512.00)
Interest paid (notes 14 and 15) (191,160.00)
Net cash flows provided by (used in) financing activities (197,576.00)

EFFECT OF EXCHANGE RATE CHANGES ON CASH 1,451.00

NET INCREASE (DECREASE) IN CASH (594,549.00)

CASH AT BEGINNING OF YEAR 794,615.00

CASH AND CASH EQUIVALENTS AT END OF THE YEAR 200,066.00

E PHILIPPINES, INC.
T OF CASH FLOWS
Thousands)
APRIL 31, 2015 APRIL 31, 2014 DEC. 31 2013 DEC. 31 2012

1,353,272.00 (742,350.00) 1,833,140.00 1,481,343.00

690,208.00 227,059.00 710,191.00 608,820.00

136,479.00 56,195.00 151,904.00 164,229.00
151,676.00 37,889.00 112,910.00 127,027.00
145,190.00 29,726.00 41,993.00 168,178.00
(372.00) 247,008.00 225,868.00 32,688.00
(187,608.00) 45,273.00 142,609.00 57,152.00
(4,740.00) (33,325.00)
17,210.00 (2,174.00) 14,390.00 5,021.00
(15,251.00) (3,865.00) (15,674.00) (22,808.00)
(1,070.00) (2,744.00) (6,242.00) (5,760.00)
2,289,734.00 (112,723.00) 3,177,764.00 2,615,890.00

(2,871,115.00) 1,806,780.00 (626,682.00) (1,082,779.00)

621,038.00 (640,319.00) 138,110.00 (739,331.00)
(402,949.00) (314,152.00) (534,311.00) (441,021.00)
174,609.00 (187,578.00) (204,286.00) (6,871.00)

735,777.00 (888,699.00) (383,200.00) 180,671.00

20,395.00 5,972.00 1,830.00 4,785.00
567,489.00 (330,719.00) 1,569,225.00 531,344.00
15,255.00 3,831.00 15,674.00 22,837.00
(112,930.00) (38,385.00) (114,977.00) (113,572.00)
(241,430.00) (260,744.00) (480,246.00) (256,760.00)
228,384.00 (626,017.00) 989,676.00 183,849.00

89,200.00 3,297,390.00 (3,386,590.00)

(785,281.00) (371,498.00) (1,096,725.00) (733,278.00)
(80,750.00) (106,923.00) 33,137.00 (52,206.00)
(125.00)
(60,154.00)
5,881.00 2,823.00 18,721.00 11,036.00
(831,229.00) 2,821,792.00 (4,431,457.00) (774,448.00)

40,888,267.00 17,943,140.00 41,356,499.00 52,840,224.00

(39,562,182.00) (20,926,338.00) (37,415,184.00) (51,952,315.00)
(136,107.00) (68,041.00) (142,979.00) (168,315.00)
1,189,978.00 (3,051,239.00) 3,798,336.00 719,594.00

278.00 (96.00) 3,724.00 (5,210.00)

587,411.00 (855,560.00) 360,279.00 123,785.00

207,204.00 1,062,764.00 702,485.00 578,700.00

794,615.00 207,204.00 1,062,764.00 702,485.00

 DEL MONTE PHILIPPINES, INC.
STATEMENT OF CASH FLOWS
(In Thousands)
APRIL 31, 2016
CASH FLOWS FRIOM OPERATING ACTIVITIES
Income before income tax 1,934,566.00
Adjustments for:
Depreciation and amortiation (notes 10 and 11) 709,494.00
Interest expense and finance charges (note 20) 198,660.00
Net retirement benefits expense (note 29) 168,153.00
Write-down of inventories to net realizable value (note 6) 106,454.00
Unrealized foreign exchange gains (note 31) (95,945.00)
impairment losses on receivables (note 5)
Reversal of impairment losses on receivables (note 5) (59,474.00)
Changes in fair value of biological assets (29,109.00)
Interest income (16,155.00)
Gain on sale of property, plant and equipment (1,236.00)
Operating income before working capital changes 2,915,408.00
Decrease (increase) in:
Receivables (notes 5 and 30) (2,332,339.00)
Inventories (note 6) 313,453.00
Biological assets (note 7) (125,325.00)
Prepaid expenses and other current assets (note 9) (172,701.00)
Increase in:
Accounts payable and accrues expenses (notes 16) 527,544.00
Other noncurrent liabilities 21,434.00
Cash generated from operations 1,147,474.00
Interest received 16,129.00
Contributions paid (note 29) (277,708.00)
Income taxes paid (388,386.00)
Net cash provided by operating activities 497,509.00

CASH FLOWS FROM INVESTING ACTIVITIES

Decrease in loans to related parties (5,30)
Additions to property and equipment (note 11) (752,424.00)
Additions (reductions) to other noncurrent assets (note 13) (121,732.00)
Additions to investment (note 12) (24,375.00)
Additions to investment property (note 10)
Proceeds from sale of property and equipment 2,598.00
Net cash used in investing activities (895,933.00)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from availments of notes payable (notes 14 and 15) 46,247,096.00
Payments of notes payable (note 14) (46,253,512.00)
Interest paid (notes 14 and 15) (191,160.00)
Net cash flows provided by (used in) financing activities (197,576.00)

EFFECT OF EXCHANGE RATE CHANGES ON CASH 1,451.00

NET INCREASE (DECREASE) IN CASH (594,549.00)

CASH AT BEGINNING OF YEAR 794,615.00

CASH AND CASH EQUIVALENTS AT END OF THE YEAR 200,066.00

E PHILIPPINES, INC.
T OF CASH FLOWS
Thousands)
APRIL 31, 2015 APRIL 31, 2014 DEC. 31 2013 DEC. 31 2012

1,353,272.00 (742,350.00) 1,833,140.00 1,481,343.00

690,208.00 227,059.00 710,191.00 608,820.00

136,479.00 56,195.00 151,904.00 164,229.00
151,676.00 37,889.00 112,910.00 127,027.00
145,190.00 29,726.00 41,993.00 168,178.00
(372.00) 247,008.00 225,868.00 32,688.00
(187,608.00) 45,273.00 142,609.00 57,152.00
(4,740.00) (33,325.00)
17,210.00 (2,174.00) 14,390.00 5,021.00
(15,251.00) (3,865.00) (15,674.00) (22,808.00)
(1,070.00) (2,744.00) (6,242.00) (5,760.00)
2,289,734.00 (112,723.00) 3,177,764.00 2,615,890.00

(2,871,115.00) 1,806,780.00 (626,682.00) (1,082,779.00)

621,038.00 (640,319.00) 138,110.00 (739,331.00)
(402,949.00) (314,152.00) (534,311.00) (441,021.00)
174,609.00 (187,578.00) (204,286.00) (6,871.00)

735,777.00 (888,699.00) (383,200.00) 180,671.00

20,395.00 5,972.00 1,830.00 4,785.00
567,489.00 (330,719.00) 1,569,225.00 531,344.00
15,255.00 3,831.00 15,674.00 22,837.00
(112,930.00) (38,385.00) (114,977.00) (113,572.00)
(241,430.00) (260,744.00) (480,246.00) (256,760.00)
228,384.00 (626,017.00) 989,676.00 183,849.00

89,200.00 3,297,390.00 (3,386,590.00)

(785,281.00) (371,498.00) (1,096,725.00) (733,278.00)
(80,750.00) (106,923.00) 33,137.00 (52,206.00)
(125.00)
(60,154.00)
5,881.00 2,823.00 18,721.00 11,036.00
(831,229.00) 2,821,792.00 (4,431,457.00) (774,448.00)

40,888,267.00 17,943,140.00 41,356,499.00 52,840,224.00

(39,562,182.00) (20,926,338.00) (37,415,184.00) (51,952,315.00)
(136,107.00) (68,041.00) (142,979.00) (168,315.00)
1,189,978.00 (3,051,239.00) 3,798,336.00 719,594.00

278.00 (96.00) 3,724.00 (5,210.00)

587,411.00 (855,560.00) 360,279.00 123,785.00

207,204.00 1,062,764.00 702,485.00 578,700.00

794,615.00 207,204.00 1,062,764.00 702,485.00

 YEAR
RATIO
GIVEN COMPUTATION GIVEN
2012
LIQUIDITY
CA 14,206,878.00 CA
Current Ratio 1.53
CL 9,277,350.00 CL
CA 14,206,878.00 CA
Quick (acid test) Ratio CL 9,277,350.00 1.04 CL
INVTY 4,533,420.00 INVTY

YEAR
ACTIVITY GIVEN COMPUTATION GIVEN
2012
COGS 14,344,097 COGS
Inventory Turnover 3.16
INVTY 4,533,420.00 INVTY
AR 5,751,196.00 AR
Average Collection Period SALES 18,511,578 113.40 SALES
365 365 365
AP 3,984,614.00 AP
Average Payment Period 738.60
AP/Day 5,394.82 AP/Day
SALES 18,511,578 SALES
Total Assets Turnover 1.01
TA 18,288,261.00 TA

YEAR
DEBT GIVEN COMPUTATION GIVEN
2012
TL 9,980,294.00 TL
Debt Ratio 54.57%
TA 18,288,261.00 TA
EBIT EBIT
Times Interest Earned Ratio #DIV/0!
TAXES TAXES
EBIT EBIT
LEASE LEASE
INTEREST INTEREST
Fixed-Payment Coverage Ratio
PRIN. PAYM PRIN. PAYM
PREF. Stock Div., PREF. Stock Div.,
TAXES T

YEAR
PROFITABILITY RATIO GIVEN COMPUTATION GIVEN
2012
GP 4,167,481 GP
Gross Profit Margin 22.51%
SALES 18,511,578 SALES
OP OP
Operating Profit Margin 0.00%
SALES 18,511,578 SALES
EACS 375,241.00 EACS
Net Profit Margin 2.03%
SALES 18,511,578 SALES
 EACS 375,241.00 EACS
Earnings per Share (EPS) #DIV/0!
#sh. Outs. #sh. Outs.
EACS 375,241.00 EACS
Return on Total Assets (ROA)
TA 18,288,261.00 TA
EACS 375,241.00 EACS
Return on Common Equity (ROE) 20.44%
CSE 1,836,000.00 CSE

YEAR
MARKET GIVEN COMPUTATION GIVEN
2012
MP/SH MP/SH
Price/Earnings Ratio (P/E Ratio)
EPS EPS
MP/SH MP/SH
Market/Book Ratio (M/B Ratio)
BV/SH BV/SH

EACS = (Sales + Other Income)- (Cost of sales+Operating Expenses+Interest Expense+Taxe

Operating Expense= Selling Expense+ General and Administrative Expense
 DELMONTE PHIL. INC.
YEAR YEAR
COMPUTATION GIVEN COMPUTATION GIVEN
2013 2014

20,616,553.00 CA 15,752,867.00 CA
1.55 1.66
13,313,022.00 CL 9,473,461.00 CL
20,616,553.00 CA 15,752,867.00 CA
13,313,022.00 1.22 CL 9,473,461.00 1.14 CL
4,345,009.00 INVTY 4,955,602.00 INVTY

YEAR YEAR
COMPUTATION GIVEN COMPUTATION GIVEN
2013 2014
15,366,107 COGS 3,583,844 COGS
3.54 0.72
4,345,009.00 INVTY 4,955,602.00 INVTY
9,632,965.00 AR 4,507,483.00 AR
19,829,207 177.32 SALES 3,794,723 433.56 SALES
365 365 365 365
3,614,972.00 AP 1,322,754.00 AP
608.97 #DIV/0!
5,936.23 AP/Day AP/Day
19,829,207 SALES 3,794,723 SALES
0.79 0.18
25,113,625.00 TA 20,768,860.00 TA

YEAR YEAR
COMPUTATION GIVEN COMPUTATION GIVEN
2013 2014
13,942,326.00 TL 10,448,515.00 TL
55.52% 50.31%
25,113,625.00 TA 20,768,860.00 TA
EBIT EBIT
#DIV/0! #DIV/0!
TAXES TAXES
EBIT EBIT
LEASE LEASE
INTEREST INTEREST
PRIN. PAYM PRIN. PAYM
PREF. Stock Div., PREF. Stock Div.,
T T

YEAR YEAR
COMPUTATION GIVEN COMPUTATION GIVEN
2013 2014
4,463,100 GP 210,879 GP
22.51% 5.56%
19,829,207 SALES 3,794,723 SALES
OP OP
0.00% 0.00%
19,829,207 SALES 3,794,723 SALES
564,946.00 EACS (832,159.00) EACS
2.85% -21.93%
19,829,207 SALES 3,794,723 SALES
 564,946.00 EACS (832,159.00) EACS
#DIV/0! #DIV/0!
#sh. Outs. #sh. Outs.
564,946.00 EACS (832,159.00) EACS
2.25% -4.01%
25,113,625.00 TA 20,768,860.00 TA
564,946.00 EACS (832,159.00) EACS
30.77% -45.32%
1,836,000.00 CSE 1,836,000.00 CSE

YEAR YEAR
COMPUTATION GIVEN COMPUTATION GIVEN
2012 2012
MP/SH MP/SH
EPS EPS
MP/SH MP/SH

BV/SH BV/SH
C.
YEAR YEAR
COMPUTATION GIVEN COMPUTATION
2015 2016

18,794,610.00 CA 18,952,048.00
1.56 1.96
12,064,189.00 CL 9,658,758.00
18,794,610.00 CA 18,952,048.00
12,064,189.00 1.21 CL 9,658,758.00 1.57
4,189,374.00 INVTY 3,769,467.00

YEAR YEAR
COMPUTATION GIVEN COMPUTATION
2015 2016
16,771,727 COGS 17,413,894
4.00 4.62
4,189,374.00 INVTY 3,769,467.00
7,503,657.00 AR 10,031,387.00
21,072,200 129.97 SALES 22,271,373 164.40
365 365 365
3,450,690.00 AP 3,988,377
701.37 897.02
4,919.92 AP/Day 4,446.26
21,072,200 SALES 22,271,373
0.88 0.86
23,855,145.00 TA 25,913,056.00

YEAR YEAR
COMPUTATION GIVEN COMPUTATION
2015 2016
12,599,751.00 TL 13,163,700.00
52.82% 50.80%
23,855,145.00 TA 25,913,056.00
EBIT
#DIV/0! #DIV/0!
TAXES
EBIT
LEASE
INTEREST
PRIN. PAYM
PREF. Stock Div.,
T

YEAR YEAR
COMPUTATION GIVEN COMPUTATION
2015 2016
4,300,473 GP 4,857,479
20.41% 21.81%
21,072,200 SALES 22,271,373
OP
0.00% 0.00%
21,072,200 SALES 22,271,373
204,941.00 EACS 349,793.00
0.97% 1.57%
21,072,200 SALES 22,271,373
 204,941.00 EACS 349,793.00
#DIV/0! #DIV/0!
#sh. Outs.
204,941.00 EACS 349,793.00
0.86% 1.35%
23,855,145.00 TA 25,913,056.00
204,941.00 EACS 349,793.00
11.16% 19.05%
1,836,000.00 CSE 1,836,000.00

YEAR YEAR
COMPUTATION GIVEN COMPUTATION
2012 2012
MP/SH
EPS
MP/SH

BV/SH