Jollibee Foods Corporation

Consolidated Statement of Financial Position

31-Dec-10
ASSETS
Current Assets
Cash and cash equivalents
Receivables
Inventories
Other current assets
Total Current Assets
Noncurrent assets
Available-for-sale financial assets
Interest in and advances to a joint venture
Property, plant and equipment
Investment properties
Goodwill
Operating lease receivables
Other noncurrent assets
Total Noncurrent Assets
Total Assets
LIABILITIES AND EQUITIES
LIABILITIES
Current Liabilities
Trade payables and other current liabilities
Income tax payable
Short-term debt
Current portion of:
Long-term debt
Liability for acquisition of businesses
Total Current Liabilities
Noncurrent Liabilities
Provisions
Noncurrent portion of:
Long-term debt
Liability for acquisition of businesses
Pension liability
Operating lease payables
Deferred tax liabilities
Total Noncurrent Liabilities
Total Liabilities
Equity attributable to equity Holders of the Parent company
Capital stock
Subscriptions receivable
Additional paid-in capital
Cumulative translation adjustments of foreign subsidiaries
Unrealized gain on available-for-sale financial assets
Excess of cost over the carrying value of non-controlling interests acquired
Retained earnings
Appropriated for future expansion
Unappropriated
Less cost of common stock held in treasury
Non-controlling Interests
Total Equity

Jollibee Foods Corpo

Consolidated Statement of Com
31-Dec-10
Revenues
Net sales
Royalty, franchise fees and others
Cost of sales
Gross Profit
Expenses
Finance Income
Interest Income
Interest Expense
Equity in Net Loss of a Joint Venture
Other Income
Income before tax
Provision for income tax
Current
Deferred
Net Income
Other Comprehensive Loss
Translation adjustments
Net unrealized gain (loss) on available-for-sale financial assets

Total Comprehensive Income

Net Income attributable to:
Equity holders of the parent Company
Non-controlling interests

Total Comprehensive Income Attributable to:

Equity holders of the parent Company
Non-controlling interests

earnings Per share for Net Income attributable to equity Holders of the Parent
company
Basic
Diluted
ods Corporation
ment of Financial Position
-Dec-10
SSETS
2010
8,170,489,301.00
1,977,158,260.00
2,134,467,159.00
1,290,342,577.00
13,572,457,297.00
176,283,046.00
21,622,471.00
8,770,518,572.00
777,719,894.00
7,019,519,057.00
33,086,384.00
920,139,371.00
1,483,533,516.00
19,202,422,311.00
32,774,879,608.00

%
24.93%
6.03%
6.51%
3.94%
41.41%
0.54%

% Change
(0.09)
0.04
0.23
(0.03)
(0.03)
0.14

2009
8,977,258,396.00
1,900,210,816.00
1,729,409,427.00
1,330,049,493.00
13,936,928,132.00

26.76%
2.37%
21.42%
0.10%
2.81%
4.53%
58.59%
100.00%

0.05
0.15
0.67
(0.26)
0.09
(0.02)
0.22
0.10

155,228,494.00
8,350,573,445.00
678,070,800.00
4,205,123,715.00
44,836,862.00
841,108,196.00
1,515,623,750.00
15,790,565,262.00
29,727,493,394.00

9,223,747,002.00
167,751,504.00
1,842,030,865.00

53.44%
0.97%
10.67%

0.03
0.23
5.04

8,959,730,813.00
135,934,261.00
305,024,016.00

2,341,125,065.00
170,194,278.00
13,744,848,714.00

13.56%
0.99%
79.63%

42.60
(0.05)
0.43

53,697,466.00
179,449,673.00
9,633,836,229.00

30,500,639.00

0.18%

51,588,581.00
141,254,668.00
212,089,188.00
1,166,944,342.00
167,104,456.00
1,769,481,874.00
15,514,330,588.00
0.30%
0.82%
1.23%
6.76%
0.97%
10.25%
89.88%

(0.98)

2,437,980,374.00

0.22
0.16
0.07
(0.54)
0.15

174,197,616.00
1,010,167,311.00
155,605,498.00
3,808,451,438.00
13,442,287,667.00

1,053,438,818.00

6.10%

0.00

1,051,458,156.00

AND EQUITIES

30,500,639.00
(17,177,884.00)
2,773,682,164.00
(317,022,645.00)
107,164,577.00
(542,764,486.00)
1,200,000,000.00
13,042,709,169.00
17,300,029,713.00
180,511,491.00
17,119,518,222.00
141,030,798.00
17,260,549,020.00

-0.10%
16.07%
-1.84%
0.62%
-3.14%

0.05
2.13
0.19
(0.00)

6.95%
75.56%
100.23%
1.05%
99.18%
0.82%
100.00%

0.07
0.05
0.05
42.88
0.06

Jollibee Foods Corporation

Consolidated Statement of Comprehensive Income
31-Dec-10
2010
%
% Change
50,506,967,113
2,864,757,569
53,371,724,682
43,254,730,460
10,116,994,222
-6,517,659,367

-215,377,701
17,259,983
-198,117,718

94.63%
5.37%
100.00%
81.04%
18.96%
-12.21%
0.00%
0.31%
-0.36%
-0.06%
0.00%
1.16%
7.84%
0.00%
1.95%
-0.13%
1.82%
6.02%
0.00%
0.00%
-0.40%
0.03%
-0.37%

3,197,793,977

5.99%

163,081,118
-193,201,203
-30,120,085
-2,181,411
618,898,399
4,185,931,758
1,040,927,979
-67,532,217
973,395,762
3,212,535,996

(17,177,884.00)
2,635,662,843.00
(101,234,002.00)
89,904,594.00
(543,978,573.00)
1,200,000,000.00
12,147,867,997.00
16,462,503,131.00
180,511,491.00
16,281,991,640.00
3,214,087.00
16,285,205,727.00

2009

0.113859164
0.096108921
0.112891822
0.126767755
0.057227324
0.039823884
45,344,123,164
2,613,570,160
47,957,693,324
38,388,328,254
9,569,365,070
-6,268,041,607

-0.003662602
-0.117439038
-0.454634174

163,680,615
-218,909,754
-55,229,139

0.512884843
0.1452056

409,084,936
3,655,179,260

0.055678025
-30.99269726
-0.015060267
0.204595712

986,027,893
2,251,622
988,279,515
2,666,899,745

0.734310541
-0.753515225
2.65788564

-124,186,353
70,024,540
-54,161,813

94.55%
5.45%
100.00%
80.05%
19.95%
-13.07%
0.00%
0.34%
-0.46%
-0.12%
0.00%
0.85%
7.62%
0.00%
2.06%
0.00%
2.06%
5.56%
0.00%
0.00%
-0.26%
0.15%
-0.11%

0.200092413

2,664,623,109

5.56%
14,742,019
3,212,535,996

0.03%
6.02%

5.475351791
0.204595712

2,276,636
2,666,899,745

0.00%
5.56%

2,999,265,317
15,152,961
3,014,418,278

5.62%
0.03%
5.65%

0.148940734
5.655855833
0.153739241

2,610,461,296
2,276,636
2,612,737,932

5.44%
0.00%
5.45%

Php 3.118
3.077

Php 2.61
2.581
% Change

2008

0.095949732
0.038249129
0.092640464
0.072893836
0.179744923
0.155692999

41,374,272,795
2,517,286,157
43,891,558,952
35,780,174,124
8,111,384,828
-5,423,621,683

-0.214825815
1.083259222
-1.534215353

208,464,081
-105,080,420
103,383,661

-0.025798942
0.138307397

419,918,386
3,211,065,192

0.188477824
-0.96221601
0.11136537
0.148626102

829,656,114
59,591,960
889,248,074
2,321,817,118

-0.030455612
-7.357017726
-0.610634195

-128,087,331
-11,015,313
-139,102,644

0.148996185

2,319,087,864
-0.165839456
0.148626102

2,729,254
2,321,817,118

0.197467429
-0.165839456
0.197013152

2,179,985,220
2,729,254
2,182,714,474

Php 2.268
2.253