fs_2009_vs_2008_bs
DESCRIPTION
BALANCE SHEET December 31, 2009 and 2008 Certified correct: Noted by: Total Non-Current Liabilities 12,446,664,338 10,809,002,636 TOTAL ASSETS ASSETS TOTAL LIABILITIES AND EQUITY LIABILITIES AND EQUITY Manager, Accounting Department Administrator and CEO 16,458,632,533 16,769,732,898 30,393,177,222 29,289,062,912 13,934,544,690 12,519,330,014 Total Equity decreased by Php 311.1 million, from Php16.769 billion in 2008 to Php16.458 billion due to the effect of net loss incurred for the year.TRANSCRIPT
FINANCIAL REPORT
BALANCE SHEET
December 31, 2009 and 2008
2009 2008
ASSETS
Current AssetsCash 271,928,119 667,033,747
Receivables (net) 329,747,790 322,044,351
Inventories 139,061,214 139,024,633
Miscellaneous Assets 7,105,546 60,835,036
Total Current Assets 747,842,668 1,188,937,768
Non-Current AssetsInvestments 491,060,342 680,710,126
Receivables (net) 705,346,305 630,878,977
Property, Plant and Equipment (net) 28,326,314,841 26,694,774,307
Other Assets 122,613,067 93,761,735
Total Non-Current Assets 29,645,334,555 28,100,125,145
TOTAL ASSETS 30,393,177,222 29,289,062,912
LIABILITIES AND EQUITY
Current Liabilities
Payables & Accrued Expense 390,528,199 424,277,167
Loans Payable 425,752,526 285,894,032
Accrued Interest 53,644,760 190,580,522
Deferred Credits to Income 85,462,244 118,951,529
Dividend Payable 0 37,810,000
Security Deposits & Advance Rental 326,049,131 367,822,349
Trust Liabilities 206,443,491 284,991,779
Total Current Liabilities 1,487,880,351 1,710,327,378
Non-Current Liabilities
Loans Payable - net of current portion 10,000,185,326 8,909,028,336
Deferred Credits to Income 2,279,728,319 1,730,336,276
Security Deposits 166,750,692 169,638,024
Total Non-Current Liabilities 12,446,664,338 10,809,002,636
Total Liabilities 13,934,544,690 12,519,330,014
Equity 16,458,632,533 16,769,732,898
TOTAL LIABILITIES AND EQUITY 30,393,177,222 29,289,062,912
0 0
Certified correct: Noted by:
Signed Signed
EMILIA S. CANONIZADO ARMAND C. ARREZAManager, Accounting Department Administrator and CEO
CY 2009: Financial Condition The total assets of SBMA increased by Php 1.104 billion, from Php 29.289 billion in 2008 to Php 30.393 billion in 2009 The increase represents the completed portion of the construction (in progress) of the Port Development Project - New Container Terminal (NCT) and Warehouse Building and the procurement of various equipment amounting to Php 2,200.29 M, Php 138.14 M and Php 32.37 M, respectively.
CY 2009: Financial Condition Total liabilities rose by Php 1.415 billion, from Php 12.519 billion in 2008 to Php 13.935 billion in 2009. This is primarily brought by availment of loan from Japan International Cooperative Agency (JICA) for the Port Development Project. Total Equity decreased by Php 311.1 million, from Php16.769 billion in 2008 to Php16.458 billion due to the effect of net loss incurred for the year.