ASSETS

Account Name Beginning Balance Debit

CIB BDO SAVINGS ACCOUNT 600,000,000.00 22,200,000.00
CIB BDO CHECKING ACCOUNT 775,000,000.00 17,850,000.00
INVENTORY, ENDING 250,000,000.00 64,300,000.00
DUE FROM AFFILIATES 81,300,000.00 7,653,000.00
INVESTMENTS 76,847,187.27 -
TRANSPORTATION EQUIPMENT 26,000,000.00 800,000.00
ACCOUNTS RECEIVABLE-TRADE 91,302,123.03 6,986,292.60
ADVANCES TO TRUCKERS-LIQUIDATION 6,303,696.23 10,000,000.00
DIVIDEND RECEIVABLE 125,000.00 20,000,000.00
OFFICE BUILDING 5,420,000.00 34,320.00
FACTORY BUILDING 50,000,000.00
FACTORY EQUIPMENT 16,000,000.00 -
PREPAID TAXES 13,377.42 -
ACCOUNTS RECEIVABLE-OTHERS 3,631,460.85 -
MONEY MARKET PLACEMENTS 2,500,000.00 -
OFFICE EQUIPMENT 2,300,000.00 -
IT TECHNICAL SUPPORT 584,123.34 112,116.00
ADVANCES TO VENDORS 705,088.41 -
LEASEHOLD IMPROVEMENT 557,657.50 -
PREPAID EXPENSES-OTHERS 309,375.88 83,142.86
REVOLVING FUND-OPERATIONS 250,000.00 -
ADVANCES TO EMPLOYEES-LIQUIDATION 130,136.32 45,100.00
DUE TO AFFILIATES- 120,248.79 -
PREPAID RENT 125,543.57 -
OFFICE SUPPLIES 84,575.06 2,412.49
CREDITABLE WITHHOLDING TAX EXPENSE 663,579,079.00 719,953,280.00
SPECIAL PROJECTS 67,673.53 -
SOFTWARE 79,241.24 -
PETTY CASH FUND 50,000.00 -
PREPAID INSURANCE EXPENSES 24,530.33 20,785.71
MS USED EQUIPMENT AND SMALL TOOLS 13,351.24 -
COMMUNICATION EQUIPMENT 11,283.93 -
A/D-COMMUNICATION EQUIPMENT (4,231.44) -
A/D-OFFICE EQUIPMENT (45,281.32) -
A/D-LEASEHOLD IMPROVEMENTS (176,380.23) -
A/D-COMPUTER EQUIPMENT (320,189.16) -
A/D-TRANSPORTATION EQUIPMENT (4,923,267.24) -
ADVANCES ON SSS SICKNESS/MATERNITY 30,000.00 -
REVOLVING FUND-GASOLINE 25,000.00 -
PREPAID TELEPHONE AND MOBILE EXPENSES 3,700.00 -
GIFTS,DONATIONS AND CONTRIBUTIONS 45,585.79 -
TOTAL ASSETS

LIABLITIES
SSS LOANS PAYABLE (2,806.06) 4,190.41
HDMF CONTRIBUTIONS PAYABLE (4,800.00) 3,360.00
HDMF LOANS PAYABLE (5,662.07) 5,297.50
PHILHEALTH PAYABLE (123,160.38) 120,922.88
SSS/ECC CONTRIBUTIONS PAYABLE (140,931.23) 136,752.88
BUS. WHT PAYABLE - COMPENSATION (43,420.20) 49,261.96
AP OTHERS-AFFILIATES (55,430,789.04) -
ACCOUNTS PAYABLE - TRADE (28,453,470.90) 12,237,447.03
INCOME TAX PAYABLE (8,260,565.84) 231,130.87
ACCOUNTS PAYABLE-OTHERS (5,535,445.94) 35,337,491.14
ACCRUED EXPENSE OTHERS (37,508,306.14) 15,149,691.73
BUS. WHT PAYABLE - EXPANDED (1,496,383.12) 1,424,429.20
ACCRUED 13TH/14TH MONTH PAY (332,403.27) -
CUSTOMER'S DEPOSIT (424,088.12) -
OUTPUT TAX (3,802,498.59) 2,153,843.09
DEFERRED OUTPUT TAXES (2,896,362.31) 522,440.64
TOTAL LIABILITIES
SHE
CAPITAL STOCK (37,500,000.00) -
RETAINED EARNINGS (17,941,339.40) -
DIVIDEND PAYABLE (16,104,670.65) 16,104,670.65

TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY

Credit End Balance REVENUE
11,000,000.00 611,200,000.00 GAIN OR ### - -
46,000,000.00 746,850,000.00 INTEREST ### - 912.23
76,200,000.00 238,100,000.00
6,100,000.00 82,853,000.00 MANAGEM ### - ###
- 76,847,187.27 MISCELLA ### - ###
- 26,800,000.00 MANAGEM ### - ###
4,656,705.07 93,631,710.56 RENTAL I ### - ###
5,000,000.00 11,303,696.23 DIVIDEND ### - ###
13,500,000.00 6,625,000.00 TRUCKING ### ### ###
- 5,454,320.00 TOTAL REVENUE
50,000,000.00
- 16,000,000.00
6,688.74 6,688.68 EXPENSE
- 3,631,460.85 *****
- 2,500,000.00 TRUCKING ### ### ###
- 2,300,000.00 PROVISIO ### ### -
- 696,239.34 MANAGEME ### - -
13,770.00 691,318.41 SALARIES ### ### ###
- 557,657.50 DL-CONTR ### ### ###
7,133.56 385,385.18 TRANSPOR ### ### ###
- 250,000.00 DEPRECIA ### ### -
41,905.00 133,331.32 PROVISION ###
- 120,248.79 TAXES AND ### ### 245.00
34,320.00 91,223.57 PROFESSI ### ### -
751.79 86,235.76 ELECTRICI ### ### -
654,148,414.00 729,383,945.00 TRAVEL E ### - -
- 67,673.53 AMORTIZ ### ### -
17,847.62 61,393.62 REPRESEN ### ### ###
- 50,000.00 TRANSPOR ### ### ###
5,910.71 39,405.33 REPAIRS ### ### -
- 13,351.24 TELEPHON ### ### ###
- 11,283.93 JANITORIA ### ### -
470.16 (4,701.60) DEPRECIA ### ### -
3,245.00 (48,526.32) DEPRECIA ### ### -
15,119.25 (191,499.48) FOOD & S ### ### 550.01
13,673.11 (333,862.27) SSS/MED/ ### ### ###
197,069.95 (5,120,337.19) EMPLOYEE ### ### -
- 30,000.00 RENTAL F ### ### -
- 25,000.00 MISCELLA ### 132.25 34.00
- 3,700.00 MISCELLA ### - -
- 45,585.79 INSURANC ### ### ###
 2,701,147,115.04 TRAINING ### - -
TRANSPOR ### ### ###
FUEL EXP ### - -
3,521.31 (2,136.96) MEALS AN ### - -
3,120.00 (4,560.00) DEPRECIA ### 470.16 -
4,568.36 (4,932.93) NOTARIAL ### 500.00 -
6,650.00 (8,887.50) REPAIRS ### - -
23,403.35 (27,581.70) BANK CHA ### - -
40,131.54 (34,289.78) ***** ADVERTIS ### - -
- (55,430,789.04) PURCHASE 0.01 - -
21,215,840.76 (37,431,864.62) DEPRECIA ### ### -
7,121,613.76 (15,151,048.73) ***** TRUCKING ### - 966.84
35,181,350.16 (5,379,304.97) 13TH MON - ### -
21,524,134.04 (43,882,748.45) SHARED C ### - -
2,227,642.12 (2,299,596.04) SHARED C ### - -
49,742.08 (382,145.35) SHARED C ### - -
- (424,088.12) POSTAGE ### 839.29 -
516,171.36 (2,164,826.86) VAT PAYAB ### - -
1,226,400.44 (3,600,322.11) INPUT TA ### ### ###
(895,613,068.16) SHARED C ### - -
SHARED C ### ### ###
- (37,500,000.00) SHARED CO ### - -
- (17,941,339.40) RE???? SHARED C ### - -
- - TOTAL EXPENSE
(55,441,339.40) NET INCOME BEFORE TAX
(951,054,407.56) INCOME TAX AS OF THE MOMENT
NET INCOME AFTER TAX
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