Garcia's Health Care, Inc.

Statement of Financial Position as of December 31, 2014 and 2015

(in millions of pesos)

2014 2015
ASSETS
Current Assets:
Cash and Marketable Securities 395.00 421.00
Accounts Receivable 1,020.00 1,109.00
Inventory 1,581.00 1,760.00
Total 2,996.00 3,290.00
Fixed Assets:
Gross Plant and Equipment 4,743.00 5,812.00
Less: Depreciation 640.00 840.00
Net Plant and Equipment 4,103.00 4,972.00
Other Long Term Assets 790.00 892.00
Total 4,893.00 5,864.00
Total Assets 7,889.00 9,154.00

LIABILITIES AND EQUIITY

Current Liabilities:
Accrued Wages and Taxes 242.00 316.00
Accounts Payable 791.00 867.00
Notes Payable 714.00 872.00
Total 1,747.00 2,055.00
Long Term Debt: 3,005.00 3,090.00
Stockholder's Equity:
Preferred Stock (25 Million Shares) 60.00 60.00
Common Stock and Paid in Surplus (200 Mi 637.00 637.00
Retained Earnings 2,440.00 3,312.00
Total 3,137.00 4,009.00
Total Liabilities and Equity 7,889.00 9,154.00
 Garcia's Health Care, Inc.
Income Statement for the Years Ended December 31, 2014 and 2015
(in millions of pesos)

2014 2015

Net Sales 4,348.00 4,980.00

Less: Cost of Goods Sold 2,135.00 2,371.00
Gross Profits 2,213.00 2,609.00
Less: Depreciation 191.00 200.00
Earnings before Interest and Taxes (EBIT) 2,022.00 2,409.00
Less: Interest 285.00 315.00
Earnings before Taxes (EBT) 1,737.00 2,094.00
Less: Taxes 632.00 767.00
Net Income 1,105.00 1,327.00
Less: Preferred Stock Dividends 60.00 60.00
Net Income Avaiblable to Common Stockhold 1,045.00 1,267.00
Less: Common Stock Dividends 395.00 395.00
Addition to Retained Earnings 650.00 872.00
Per (common) share data:
Earnings Per Share (EPS) 5.23 6.34
Dividends Per Share (DPS) 1.98 1.98
Book Value Per Share (BV PS) 3.19 3.19
Market Value (Price) Per Share (MV PS) 22.50 26.85
 Garcia's Health Care, Inc.
Statement of Cash Flows for Year Ending December 31,2015
(in millions of pesos)

2015

A. Cash Flows from Operating Activities

Net Income 1,327.00
Additions (Sources of Cash):
Depreciation 200.00
Increase accrued wages and taxes 74.00
Increase in accounts payable 76.00

Subtractions (Uses of Cash):

Increase in accounts receivable 89.00
Increase in inventory 179.00
Net Cash Flow from Operating Activities 1,409.00

B. Cash Flows from Investing Activities

Subtractions:
Increase in fixed assets 1,069.00
Increase in other long-term assets 102.00
Net Cash Flow from Investing Activities 1,171.00

C. Cash Flows from Financing Activities

Additions:
Increase in notes payable 158.00
Increase in long-term debt 85.00
Increase in common and preferred stock 0

Subtractions:
Pay dividends 455.00
Net Cash Flow from Financing Activities -212.00

D. Net Change in Cash and Marketable Securi -26

 Garcia's Health Care, Inc.
Statement of Retained Earnings as of December 31,2015
(in millions of pesos)

2015
Balance of Retained Earnings, December 31, 2,440.00
Plus: Net Income for 2015 1,327.00
Less: Cash Dividends Paid
Preferred Stock 60.00
Common Stock 395.00
Total 455.00
Balance of Retained Earnings, December 31, 3,312.00