Scribd Logo
Upload

Welcome to Scribd!

  • 31 views

    Auditing Theory - FS of Industrial Sector

    Uploaded by

    Chester de Guzman
    The document contains financial statements for Manila Electric Company (MER) and AgriNurture Incorporated (ANI) for the fiscal year ended December 31, 2016 and the quarterly period ended September 30, 2017. MER reported net income of PHP 19.3 billion for FY2016 while ANI reported a net loss of PHP 225.4 billion for the same period. As of September 30, 2017, MER had total assets of PHP 304.5 billion and ANI had total assets of PHP 2.3 billion.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Auditing Theory - FS of Industrial Sector

    Uploaded by

    Chester de Guzman
    31 views4 pages
    The document contains financial statements for Manila Electric Company (MER) and AgriNurture Incorporated (ANI) for the fiscal year ended December 31, 2016 and the quarterly period ended September 30, 2017. MER reported net income of PHP 19.3 billion for FY2016 while ANI reported a net loss of PHP 225.4 billion for the same period. As of September 30, 2017, MER had total assets of PHP 304.5 billion and ANI had total assets of PHP 2.3 billion.

    Original Description:

    Documentation for school

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document contains financial statements for Manila Electric Company (MER) and AgriNurture Incorporated (ANI) for the fiscal year ended December 31, 2016 and the quarterly period ended September 30, 2017. MER reported net income of PHP 19.3 billion for FY2016 while ANI reported a net loss of PHP 225.4 billion for the same period. As of September 30, 2017, MER had total assets of PHP 304.5 billion and ANI had total assets of PHP 2.3 billion.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views4 pages

    Auditing Theory - FS of Industrial Sector

    Uploaded by

    Chester de Guzman
    The document contains financial statements for Manila Electric Company (MER) and AgriNurture Incorporated (ANI) for the fiscal year ended December 31, 2016 and the quarterly period ended September 30, 2017. MER reported net income of PHP 19.3 billion for FY2016 while ANI reported a net loss of PHP 225.4 billion for the same period. As of September 30, 2017, MER had total assets of PHP 304.5 billion and ANI had total assets of PHP 2.3 billion.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    MANILA ELECTRIC COMPANY (MER)

    Annual
    For the fiscal year ended : Dec 31, 2016
    Currency(and units, if applicable) : PHP (in Millions)

    Balance Sheet

    Item Current Year Previous Year


    Current Assets 88,088 95,295
    Total Assets 296,037 282,239
    Current Liabilities 104,602 93,215
    Total Liabilities 220,891 201,378
    Retained Earnings/(Deficit) 54,137 63,229
    Stockholders' Equity 75,146 80,861
    Stockholders' Equity - Parent 74,417 80,276
    Book Value Per Share 66.68 71.75

    Income Statement

    Item Current Year Previous Year


    Gross Revenue 257,181 258,399
    Gross Expense 230,488 233,523
    Income/(Loss) Before Tax 26,693 24,876
    Net Income/(Loss) After Tax 19,340 19,189
    Net Income/(Loss) Attributable to Parent 19,176 19,098
    Earnings/(Loss) Per Share (Basic) 17.01 16.94
    Earnings/(Loss) Per Share (Diluted) 17.01 16.94
    Quarterly
    For the period ended : Sep 30, 2017
    Currency(and units, if applicable) : PhP in Millions

    Balance Sheet

    Item Period Ended Fiscal Year Ended(Audited)


    Current Assets 98,163 88,008
    Total Assets 304,553 296,037
    Current Liabilities 113,838 104,602
    Total Liabilities 233,039 220,891
    Retained Earnings/(Deficit) 49,524 54,137
    Stockholders' Equity 71,514 75,146
    Stockholders' Equity - Parent 70,714 74,417
    Book Value Per Share 63.45 66.68

    Income Statement

    Current Year (3 Previous Year Current Year- Previous Year-


    Item
    Months) (3 Months) To-Date To-Date
    Gross Revenue 73,357 66,360 214,389 195,164
    Gross Expense 66,265 60,102 193,808 174,941
    Income/(Loss) Before Tax 7,649 6,980 22,238 21,991
    Net Income/(Loss) After
    5,450 4,945 16,018 15,820
    Tax
    Net Income/(Loss)
    5,427 4,908 15,928 15,676
    Attributable to Parent
    Earnings/(Loss) Per Share
    4.82 4.35 14.13 13.91
    (Basic)
    Earnings/(Loss) Per Share
    4.82 4.35 14.13 13.91
    (Diluted)
    AgriNurture Incorporated (ANI)
    Annual
    For the fiscal year ended : Dec 31, 2016
    Currency(and units, if applicable) : Php

    Balance Sheet

    Item Current Year Previous Year


    Current Assets 1,000,914,458 1,073,091,626
    Total Assets 2,340,650,794 2,886,138,819
    Current Liabilities 1,400,813,771 1,869,455,653
    Total Liabilities 1,578,225,043 2,174,435,038
    Retained Earnings/(Deficit) -2,263,466,987 -2,114,135,261
    Stockholders' Equity 762,425,751 711,703,781
    Stockholders' Equity - Parent 718,066,182 777,479,020
    Book Value Per Share 1.23 114

    Income Statement

    Item Current Year Previous Year

    Gross Revenue 570,848,924 1,225,773,872


    Gross Expense 786,039,802 1,630,859,288
    Income/(Loss) Before Tax -215,190,878 -405,085,416

    Net Income/(Loss) After Tax -225,462,421 -431,655,232

    Net Income/(Loss) Attributable to Parent -149,619,065 -437,824,211

    Earnings/(Loss) Per Share (Basic) -0.24 -0.70

    Earnings/(Loss) Per Share (Diluted) -0.24 -0.70


    Quarterly
    For the period ended : Sep 30, 2017
    Currency(and units, if applicable) : Php

    Balance Sheet

    Item Period Ended Fiscal Year Ended(Audited)

    Current Assets 1,014,130,718 1,000,914,458

    Total Assets 2,343,322,931 2,340,650,794


    Current Liabilities 1,277,200,945 1,400,813,771
    Total Liabilities 1,454,612,217 1,578,225,043

    Retained Earnings/(Deficit) -2,248,172,242 -2,263,466,987

    Stockholders' Equity 888,710,714 762,425,751

    Stockholders' Equity - Parent 845,149,912 718,066,182

    Book Value Per Share 1.36 1.23

    Income Statement

    Current Year (3 Previous Year (3 Current Year- Previous Year-


    Item
    Months) Months) To-Date To-Date
    Gross Revenue 128,514,829 110,446,583 725,265,832 470,862,273
    Gross Expense 64,555,213 49,040,452 523,260,771 285,225,013
    Income/(Loss) Before Tax 5,588,107 2,311,984 15,308,478 9,764,264
    Net Income/(Loss) After
    4,671,338 297,143 14,495,978 7,278,865
    Tax
    Net Income/(Loss)
    5,265,364 631,154 15,294,745 5,142,815
    Attributable to Parent
    Earnings/(Loss) Per Share
    0.00 0.00 0.02 0.01
    (Basic)
    Earnings/(Loss) Per Share
    0.00 0.00 0.02 0.01
    (Diluted)

    You might also like