NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Layer I is composed of the Group’s contributed capital; Layer II is composed of deposits for future stock subscriptions, income from operations, gain on sale of preferred shares of a subsidiary, excess of acquisition price over acquired interest and treasury shares; and Layer III is composed of income from fair value changes of investment properties, gain on bargain purchase and unrealized valuation gains on AFS investments.
27. Segment Information PFRS 8 requires operating segments to be identified on the basis of internal reports about components of the Group that are regularly reviewed by the chief operating decision maker. For management purposes, the Group’s operating segments is determined to be business segments as the risks and rates of return are affected predominantly by differences in the products and services produced. The operating businesses are organized and managed separately according to the nature of the products and services provided, with each segment representing a strategic business unit that offers different products and serves different markets. Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating income or loss and is measured consistently with income before income tax in the consolidated statement of comprehensive income. Business Segments The following tables present revenue, costs and expenses, certain assets and liabilities information regarding the Group’s real property development and plastics manufacturing business segments in 2011 and 2010. In 2009, there is only one reportable segment which is the real property development. 2011
Revenues External customers Gain on fair value change of investment properties Gain on sale of AFS investments Interest income Gain on loss of control Equity in net income of associates Other income Costs and Expenses Costs and expenses Interest expense and other finance charges Depreciation and amortization Loss on sale of an investment Other expenses Provision for (benefit from) income tax: Current Deferred Income from continuing operations after tax Income from discontinued operations after tax Net income Operating assets Operating liabilities
140
Real Property Development
Plastics Manufacturing (Discontinued Operations)
Total
=413,024,287 P 2,356,792,867 208,631,416 44,887,264 8,939,415 48,567 53,223 3,032,377,039
= P461,523,368 – – – – – – 461,523,368
285,371,233 71,406,981 15,477,187 1,298,081 – 373,553,482
Eliminations
Consolidated
= P874,547,655 2,356,792,867 208,631,416 44,887,264 8,939,415 48,567 53,223 3,493,900,407
(P =461,523,368) – – – – – – (461,523,368)
= P413,024,287 2,356,792,867 208,631,416 44,887,264 8,939,415 48,567 53,223 3,032,377,039
374,344,011 – 4,808,138 – 63,961,494 443,113,643
659,715,244 71,406,981 20,285,325 1,298,081 63,961,494 816,667,125
(374,344,011) – (4,808,138) – (63,961,494) (443,113,643)
285,371,233 71,406,981 15,477,187 1,298,081 – 373,553,482
5,220,444 730,461,376 735,681,820 1,923,141,737 – = P1,923,141,737
5,502,653 – 5,502,653 – 12,907,072 = P12,907,072
10,723,097 730,461,376 741,184,473 1,923,141,737 12,907,072 P =1,936,048,809
(5,502,653) – (5,502,653) – – = P–
5,220,444 730,461,376 735,681,820 1,923,141,737 12,907,072 P =1,936,048,809
= P33,855,586,145
= P–
= P33,855,586,145
= P–
= P33,855,586,145
= P9,517,800,478
= P–
P =9,517,800,478
= P–
P =9,517,800,478