GRAND PLAZA HOTEL CORPORATION

STATEMENT OF FINANCIAL POSITION

VERTICAL ANALYSIS
December 2013 Percentage December 2012 Percentage
ASSETS
Current Assets
Cash and cash equivalents P 205,890,655 15.10 P 282,627,393 19.56
Receivables-net 322,009,422 23.62 304,042,397 21.04
Loan Receivable 15,500,000 1.14 15,500,00 1.04
Due from related parties 1,885,100 0.14 2,128,022 0.15
Inventories 13,582,447 1 14,560,701 1.01
Prepaid expenses and other
Current assets 18,482,934 1.36 14,671,313 1.02
Total Current Assets 577,350,558 42.35 633,529,826 43.84
Non Current Assets
Property and equipment-net 647,640,324 47.51 670,837,987 46.42
Investment In Income 48,467,138 3.56 47,856,099 3.31
Deferred tax assets-net 5,571,856 0.41 5,571,856 0.62
Other noncurrent assets 84,095,791 6.17 84,095,791 5.82
Total Non Current Assets 785,775,109 57.65 811,719,476 56.16
Total ASSETS P 1,363,125,667 100 P1,445,249,302 100
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable and
accrued expenses P 77,567,689 5.64 P 81,778,891 5.66
Due to related parties 2,115,421 0.16 6,843,486 0.47
Income tax payable -- -- 14,731,884 1.02
Other current liabilities 227,186,550 16.67 224,095,289 15.51
Total Current Liabilities 306,869,660 22.52 327,449,550 22.66
Non Current Liabilities
Refundable deposits 29,120,790 2.14 31,231,875 2.16
Accrued retirement benefits
Liability 21,914,777 1.6 23,428,474 1.62
Total Non current liabilities 51,035,567 3.74 54,660,349 3.78
Total Liabilities 357,905,227 26.26 382,109,889 26.44
EQUITY
Capital stock P 873,182,700 64.06 873,182,700 60.42
Addition pain in capital 14,657,517 1.08 14,657,517 1.01
Remeasurement gains on defined
benefit plan 6,085,245 0.44 7,114,234 0.49
Retained earnings:
Appropriated 1,630,777,870 119.64 1,488,311,220 102.98
Unappropriated 111,294,978 8.16 168,184,952 11.64
Treasury stock (1,630,777,870) (119.64) (1,488,311,220) (102.98)
Total Equity 1,005,220,440 73.74 1,063,139,403 73.56
Total liabilities and equity 1,363,125,667 100 1,445,249,302
 GRAND PLAZA HOTEL CORPORATION
STATEMENTS OF FINANCIAL POSITION
VERTICAL ANALYSIS

According to the Comparative Statements of

Financial Position of Grand Plaza Hotel Corporation,Vertical Analysis. The
total current assets for 2013 is 42.35% of the total assets while in 2012, it is
43.84% of the total assets. Even though there is a decreased of 1.49%. The
entity has a sufficient funds to pay its liabilities. The total non-current
liabilities for 2013 is 57.65% of the total assets while in 2012, it is 56.16%
of the total assets. There is an increased of 1.49%,so the entity has also
sufficient funds on assets to pay its obligations or liabilities.
On the other hand, the total liabilities for 2013 is
26.26% of the total liabilities and equities, while in the year 2012, it is
26.44% of the total liabilities and equities. There is a decreased of 0.18%.
The overall presentation of the analysis express
that the entity has a capability to sustain its liabilities.