CONCEPCION AIRCONDITIONING CORPORATION

STATEMENTS OF FINANCIAL POSITION

(In Philippine Peso)
ASSETS
CURRENT ASSETS
Cash and cash equivalents (Notes 2, 3 and 5)
Recievables (Notes 2, 3, 6 and 13)
TOTAL CURRENT ASSETS
NON-CURRENT ASSETS
Investment in associates (Notes 2 and 7)
Other asset (Notes 2 and 8)
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS

LIABLITIES AND EQUITY

CURRENT LIABILITIES
Payable (Note 2, 9 and 13)
EQUITY
Share capital (Notes 2 and 10)
Additional paid in capital (Notes 2 and 10)
Retained earnings (Notes 2 and 11)
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY
 2014 2013

421,648,487
548,315,885 548,315,885
922,779,818 969,964,372

907,551,613 1,122,978,013
9,364 12,043
907,560,977 1,122,990,056
1,830,340,795 2,092,954,428

35,511.00 35,511.00

100,000,000 100,000,000
368,546,119 368,546,119
1,361,759,165 1,624,372,798
1,830,305,284 2,092,918,917
1,830,340,795 2,092,954,428
CONCEPCION AIRCONDITIONING CORPORATION

STATEMENTS OF INCOME
(In Philippine Peso) 2009
Revenue (Notes 2 and 14) 6,580,788
Expenses (Notes 2 and 15) 25,117,526
Loss from operations 18,536,738
Share in income of associates (Notes 2 and 7) 189,252,000
NET INCOME 170,715,262
 2010
8,183,175
20,995,942
12,812,767
425,426,000
412,613,633
CONCEPCION AIRCONDITIONING CORPORATION

STATEMENT OF CHANGES IN EQUITY

SHARE CAPITAL
(In Philippine Peso) (Notes 2 and 10)
BALANCES AS OF DECEMBER 31, 2008 100,000,000.00
Dividends paid during the year (Notes 2 and 16)
Prior period adjustments (Note 17)
Net income for the year
BALANCES AS OF DECEMBER 31, 2009 100,000,000.00
Dividends paid during the year (Notes 2 and 16)
Net income for the year
BALANCES AS OF DECEMBER 31, 2010 100,000,000.00
ADDITIONAL PAID-IN CAPITAL RETAINED EARNINGS
(Notes 2 and 10) (Notes 2 and 11) TOTAL
368,546,119.00 1,294,655.00 1,763,201,631.00
80,000,000.00 (80,000,000.00)
23,611,609.00 (23,611,609.00)
170,715,262.00 170,715,262.00
368,546,119.00 1,361,759,165.00 1,830,305,284.00
150,000,000.00 (150,000,000.00)
412,613,633.00 412,613,633.00
368,546,119.00 1,624,372,798.00 2,092,918,917.00
CONCEPCION AIRCONDITIONING CORPORATION

STATEMENTS OF CASH FLOW

(In Philippine Peso) 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income 170,715,262.00
Adjustment for:
Prior period adjustment (Note 17) (23,611,609.00)
Operating income before working capital changes 147,103,653.00
Changes in assets and liabilites:
Recievables (Notes 2, 3 ,6 and 13) (98,520,885.00)
Investment in associate (Notes 2 and 7) 146,694,657.00
Other asset (Note 2 and 8) (6,964.00)
Payable (Note 2, 9 and 13) 33,511.00
Net Cash from Operating Activities 195,303,972.00
CASH FLOW FROM FINANCING ACTIVITIES
Dividends paid during the year (Notes 2 and 16) (80,000,000.00)
CASH AND CASH EQUIVALENTS, BEGINNING 259,159,961.00
CASH AND CASH EQUIVALENTS, ENDING 374,463,933.00
 2010

412,613,633.00

-
412,613,633.00

(215,426,400.00)
(2,679.00)

197,184,554.00

(150,000,000.00)
374,463,933.00
421,648,487.00