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COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Chapter 5

A. Human Resource Area

Employee Classification

Megaworld has Contractual Employees they are the one who is hired to perform a

specific job for a specified period of time and are not eligible for any employee benefits.

Project Employee one whose employment has been fixed for a specific project or

undertaking and the completion or termination of which has been determined at the time

of his engagement or where the work or service to be performed is seasonal in nature and

the employment is for the duration of the season. Probationary Employee one who is

hired to fill a regular position in the Company but must undergo a trial period of six (6)

months, during which he must prove to the Company, and the Company will determine

whether or not, he is qualified for regular employment and Regular Employee one who

is by the nature of his job performs tasks that are necessary or desirable in the usual

business or trade of the Company and who has satisfactorily completed the probationary

period.

Employee Benefits And Services

The guiding philosophy behind the Company’s benefits program is to reasonably

assist the employee and his family in providing for their economic security. The

Company is interested not only in their job output, but also to them as an individual, and

in their personal and professional well-being. Benefits are primarily designed to enable

them to provide for contingencies. The program, however, is not intended to cover all
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their needs and requirements. It complements what the government offers by way of

socialized benefits.

There are Social Security System (SSS) Benefits and Services, Sickness Benefits,

Maternity, Disability Benefits, Salary Loan, Retirement, Death Benefits, PAG-

IBIG/Home Development Mutual Fund (HDMF) Benefits and Services, Multi-Purpose

Loan where a short-term financial assistance given to Pag-ibig members for the

following purposes: Minor Home Improvement, Livelihood, Medical, Education,

Purchase of Appliance and Furniture and Other Needs. There is also Calamity Loan

Program Housing Loan, Night Shift Differential, Overtime Pay, Holiday and Rest

Premium Pay, Employee Leaves, Retirement Plans, and other Health Benefits.

Employee Privileges

Megaworld has Training Programs upon the discretion of Management where

employees may be sent to training programs to further enhance their skills and increase

their technical know-how. The Company recognizes the importance and need for

systematic and sustained training and development. In this manner, Megaworld intends to

maintain and improve their present operational standards of excellence. Through training

programs, workshops and seminars, they seek to encourage the advancement of every

individual at Megaworld. To determine the training programs to be prepared for the

employees, Training Needs Analysis is conducted annually by the HRD.

They have Company-Sponsored Activities like Summer Outing, Company

Anniversary and Christmas Party. They also have Membership in Organization Upon

discretion of management, where the Company may sponsor the membership of an

employee with professional organizations and associations to help establish his/her

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network and build allies that would help the Company in promoting its business and also

License Renewal upon discretion of management where the Company may shoulder the

expenses for renewal of professional licenses and Professional Tax Receipt of its

professionals such as Certified Public Accountants, Civil Engineers, Lawyers, etc. to

ensure that professional qualifications and credentials of employees meet the current

standards to become globally aware and competitive.

Employee Rewards

Megaworld has Regularization Increase for Probationary employees who are given a

performance rating of at least 80% upon regularization may be entitled to a salary

adjustment subject to management’s approval, Annual General Increase granted to all

regular employees every year, provided the employee garners a performance rating of at

least 80%, and Merit Increase for employees who are promoted/elevated and entitled to a

merit increase subject to management’s approval.

They also have Perfect Attendance Quarterly Bonus for all regular Rank and File

and Supervisory employees who are always punctual in reporting for work and do not

avail of the grace period, did not incur any excused or unexcused absences and under

time, and did not commit any violation of the Company’s rules and regulations during a

three month period shall be entitled to the Perfect Attendance Quarterly Bonus

amounting to PHP 1,000.00*. They also have Service Awards where the Company

recognize the long and loyal services of its employees by presenting them with service

awards as token of the Company’s appreciation. They also have Service Award for

employees who have rendered 25 years of service in the company and will receive a

plaque and 120% of current monthly salary payable in 80% cash and 20% Richmonde
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GCs/its equivalent and lastly is the Bonuses where a mid-year and a Christmas bonus

may be given to all regular employees of the Company and may be granted upon the

discretion of the President based on the financial performance of the Company

Megaworld Policies

Whistle-Blowing Policy

Megaworld has a whistle-blowing policy where the Committee on Ethics accepts

reports of wrongdoing by the Company's directors, senior management and employees

and investigates them while at the same ensuring confidentiality of information. The

information on alleged wrongdoing can be classified in many ways: violation of company

policy/rules, law, regulation, or threat to public interest/national security, as well as

fraud, and corruption.

Having a whistle-blowing policy in the workplace helps the staff to communicate

with their employers about any wrongdoing of other employees and helps to identify and

to remedy it. It protects the firm in the event of a false or malicious accusation made by a

current or former employee and is also very important especially in the finance sector.

Conflict of Interest Policy

In Conflict of Interest Policy, it is stated that a director should not use his position to

profit or gain some benefit or advantage for himself and/or his related interest. If an

actual or potential conflict of interest may arise on the part of a director, he should fully

and immediately disclose it and should not participate in the decision-making process.

Before an employee enters into an official transaction with a supplier or contractor, he

should disclose in writing to his immediate supervisor any relationship or association that
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binds him to the supplier or contractor or its authorized representative to avoid possible

conflict of interest.

A conflict of interest is a situation that may affect an individual’s professional

judgment in carrying out its business because of external relationship that directly or

indirectly affects the interest of an individual. Whenever there is a situation that presents

a potential for conflict of interest it must be fully disclosed and managed to eliminate it.

Conflict of interest can result in a damaged reputation for the individual or the institute

and can compromise the integrity of the research or result in serious financial

consequences. We know that these consequences could be significant but if everyone

follows the established processes, it will ensure the integrity and reputation of the firm

and all of its faculty and staff.

Insider Trading Policy

Observe confidentiality

A director should keep secure and confidential all non-public information he may

acquire or learn by reason of his position as director. He should not reveal confidential

information to unauthorized persons without the authority of the Board.

Confidentiality is important for a lot of reasons. One of the most important benefits

of it is that it helps to build and develop trust. Clients and workers have a free flow of

information and acknowledge that a client’s personal life and all the problems and issues

that they have belong to them. It helps to protect the privacy and confidentiality of the

client and matters relating to their business should only be discussed to them and not with

your family, friends or the general public. Respect for client confidentiality and staff

personal information should be a high priority for all community services.

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Policy and Data Relating to Health, Safety, and Welfare of Employees

The Company is committed to maintaining a safety and security program for its

employees, which is periodically updated and revised. The Company provides free health

care coverage to its employees. The Company periodically upgrades its security

procedures and facilities to ensure the safety of employees in the workplace. The

Company recently established the Megaworld Learning Academy (“MLA”), which

institutionalizes training programs for all employees with the view of improving

organizational performance through professional development. The MLA seeks to

address the developmental needs of employees through Orientation Programs,

Institutionalized Programs, Career Development Programs, Management Development

Programs, Leadership Programs, and other training programs.

In the workplace, health and safety regulations are important to the well-being of the

employees and the employer. Many hazards are present in today's work environments,

and it's the employer's job to keep their employees safe from these hazards. Health and

safety procedures in the workplace reduce the employee accidents and injuries greatly.

These procedures help the company and the employees understand the potential hazards

in the work environment since potential hazards are rampant in almost every workplace

environment. Equipments and other unwanted accidents can potentially cause injury or

harm to workers. Violating or not having a safety and health procedures in place can have

a tremendous impact on your business. Company could lose money, workers, clients,

productivity, vendors, respect, and potentially your entire business. Although workers'

compensation insurance covers workplace injuries and illnesses, there could be more

costs to pay if the company is negligent.

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Receipt of gifts from third parties

Must not solicit or accept any gift, regardless of value, from any supplier, contractor

or business partner. However, if it is not practical to return the gift, such gift must be

turned over to the Office of the President for proper disposition.

Employees shall not accept for personal benefit directly or indirectly any gift, loan,

discount or any item of substantial monetary value from any person or company that is

seeking to conduct or is currently conducting business with the Company. To

demonstrate the highest standards of ethics and conduct in relation to potential and

existing vendors, suppliers, and customers is what a gift policy requires employees for. It

ensures that employees practice unbiased professionalism, equal treatment, and non-

discriminatory actions. Employees generally shouldn’t accept gifts or cash for doing the

job the company pays them to do. Also to avoid the appearance of indecency and issues

that could create feelings of favoritism and resentment among employees, the

supervisors should not give gifts to employees they manage unless all supervisors

throughout the company are doing so.

B. Marketing Area

Marketing Mix

The most common tool in identifying the market mix is through 4P’s and it will be

used in analyzing the market area of Megaworld Corporation.

Product p.6 p.43

Megaworld Corporation offers a series of large-scale residential and office

developments including urban centers integrating office, residential and commercial

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components. Apart from its core business of property development, Megaworld as a

holding company is into merchandise trading as well as hotel and leisure.

Megaworld’s current projects are composed of the following:

 Eastwood City is the Company’s first township development and is located on

approximately 18.5 hectares of land in Quezon City, Metro Manila.

 Forbes Town Center is the Company’s first township in Fort Bonifacio. It is

located on approximately five hectares of land in Bonifacio Global City in

Taguig, Metro Manila.

 McKinley Hill is the Company’s largest township in Fort Bonifacio. It is located

on approximately 50 hectares of land in Fort Bonifacio in Taguig, Metro Manila.

 Newport City is a township located on approximately 25 hectares of land that

was previously part of the Villamor Air Base in Pasay City, Metro Manila.

Resorts World Manila, 11.2-hectare leisure and entertainment property operated

by Travellers International Hotel Group, Inc. (“Travellers”), a related party of the

Company, is located within Newport City.

 McKinley West is a 34.5-hectare property located across from McKinley Hill in

an area owned by the Joint United States Military Advisory Group (“JUSMAG”).

 The Mactan Newtown is a 30-hectare mixed-use township development near

Shangri-La’s Mactan Resort and Spa in Mactan, Cebu. The project is expected on

completion to comprise high-tech offices, a retail center, residential villages,

leisure facilities, and beach resort frontage.

 Uptown Bonifacio located at the northern district of Fort Bonifacio, the

Company is developing Uptown Bonifacio, a 15.4-hectare property for mixed-use

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in an area owned by the National Police Commission (“NAPOLCOM”) and the

BCDA.

 Boracay Newcoast is a 150-hectare township of the Company through its

subsidiary

 Global-Estate Resorts, Inc. (“GERI”). The development is home to Fairways &

Bluewaters, the only golf course in the island of Boracay. Upon completion, the

township will have a mix of residential, commercial, and hotel developments.

 Twin Lakes is a 1,200-hectare township of the Company through its subsidiary

GERI. It is a sprawling development that offers a scenic view of Taal, which is in

the vicinity of one of the closest choice vacation places nearby south of Metro

Manila. It is scheduled to have a mix of residential, commercial, and hotel

developments.

 Iloilo Business Park. is a township development in a 72- hectare property in

Mandurriao, Iloilo, a new growth center in the Visayas. Iloilo Business Park is

expected to comprise BPO offices, hotels, a convention center, commercial and

retail centers, a skills training center, recreational facilities, and a transportation

hub.

 Suntrust Ecotown is an ongoing project under Suntrust Properties, Inc. It will sit

on a 350- hectare land in Tanza Cavite and will be the first mixed-use

development with an industrial park in the country.

 Davao Park District is the first township development in Mindanao on an 11-

hectare property along S.P. Dakudao Loop in Lanang, Davao City. The township

is envisioned to be Mindanao’s new central business district.

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 Southwoods City is a 561-hectare property is a mixed-use development that

features the Jack Nicklaus designed Manila Southwoods Golf and Country Club,

a central business district, a mall, schools, a church, and a medical facility among

others. It maintains its suburban feel while being conveniently accessible via the

South Luzon Expressway.

 Alabang West is a 62-hectare Alabang West township was launched in 2015. It

will have a mix of residential and commercial components and is strategically

located in the heart of Alabang’s high-end communities and golf course. It is

along Daang Hari and is conveniently accessible through exits along the South

Luzon Expressway.

 Arcovia City is a 12.4-hectare property along C-5 in Pasig City. It is envisioned

as an “environment-friendly” mixed-use development. A main “green” feature of

the township is the approximately 1,000 trees that will be planted around the

development.

 The Upper East sits on a 34-hectare property in Bacolod City, Negros

Occidental and is bound by Burgos Avenue on the north, Lopez Jaena Street on

the west, the Circumferential Road on the east, and is just across the New

Government Center

 Northill Gateway will rise in the northern part of Bacolod, where the famous

Sugar Road was built. Sitting on a 53-hectare property along the new

Circumferential Road on the boundaries of Talisay City and Bacolod City.

 Sta. Barbara Heights is a 173-hectare mixed-use development has 35.6 hectares

allocated for residential lots, which offer a backdrop of a nearby natural lake and

rolling hills in Sta. Barbara Ilo-ilo.

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 Capital Town Pampanga is a 35.6-hectare prime property is beside the

provincial capitol of the City of San Fernando, Pampanga. It is just 70 kilometers

away from Metro Manila and accessible via the North Luzon Expressway and the

Jose Abad Santos Avenue, also known as the Olongapo-Gapan Road.

 Westside City is a 31-hectare leisure and entertainment township at the booming

Entertainment City in Parañaque will also have international hotels, a luxury mall,

and residential condominiums. This township will be home to Megaworld’s

upscale residential condominiums, a luxury mall as well as international hotel

brands.

 Maple Grove is a 140-hectare property in General Trias, Cavite. Just 45 minutes

away from Makati and other Metro Manila CBDs via Coastal Road and Cavitex,

Maple Grove is at the entry point of the booming industrial and residential center

of the Cavite-Batangas corridor.

 Eastland Heights. Through its subsidiary, Global-Estate Resorts, Inc. (GERI),

the company is developing an expansive 640 hectares of land along Marcos

Highway with some areas overlooking Metro Manila’s panoramic skyline.

Price

Here are the prices of Megaworld Corporation’s Real Estate Projects:

Eastwood City ₱ 5,044,300 and up

Forbes Town Center ₱ 6,800,000 and up
McKinley Hill ₱ 7,272,720 and up
Newport City ₱ 3,900,000 and up
McKinley West ₱ 7,300,000 and up
Mactan Newtown ₱ 4,000,000 and up
Uptown Bonifacio ₱ 5,940,000 and up
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Boracay Newcoast ₱ 7,295,850 and up

Twin Lakes ₱ 3,800,000 and up
Iloilo Business Park. ₱ 2,000,000 and up
Southwoods City ₱ 2,542,050 and up
Alabang West ₱14,754,200 and up
Northill Gateway ₱ 7,633,000 and up
Capital Town Pampanga ₱ 4,199,000 and up
Westside City ₱ 9,000,000 and up
Maple Grove ₱ 26,000,000 and up
Eastland Heights ₱ 5,250,000 and up

Place

Megaworld Corporation’s current property development projects consist of

townships located throughout the country including areas such as Metro Manila, Cebu,

Iloilo, and Davao.

Promotion

One of the easiest ways of spreading awareness to the public is through the use of

social media. Megaworld promotes its products and services through advertisements

through the use of social media. Megaworld uses different types of social media

platforms like a facebook page, youtube, twitter as well as website wherein all its

products and services, as well as information about the company, could be found.

Megaworld also provides promos during the holidays season in order to encourage

people to invest in Megaworld.

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Established track record as a market innovator

One strength of Megaworld was being able to anticipate market trends earlier than

other companies in the real estate industry. They were the first to identify the growing

demand for community township developments, particularly for middle-income buyers,

and to introduce flexible design options and payment plans. Megaworld is currently the

largest developer and owner of BPO office buildings in the Philippines.

Strong residential marketing network

Megaworld’s in-house marketing and sales division are staffed by a trained group of

property consultants who sell residential properties exclusively for its company. Those

consultants undergo intensive training prior to boarding on any sales activity and the

Company provides an on the job skills enhancement program for its marketing and sales

professionals to further develop their skills. Megaworld was the first Philippine real

estate company to create an international marketing and sales division specifically

targeted at overseas Filipinos, and sales to this group have increased each succeeding

year. The Company’s international marketing and sales division are comprised of 13

regional offices worldwide. The Company’s extensive residential marketing network

enhances the Company’s brand recognition and its ability to pre-sell residential units.

Megaworld also employs a marketing services staff whose job is to provide auxiliary

services required by the marketing division for its sales and promotional activities. The

group is also responsible for monitoring the latest developments in the economy and the

real estate property markets as well as conducting market research studies for the

marketing division.
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In addition, the Company has an international marketing division based in Manila

who oversees a global network of sales offices that market the projects of the Company

and its affiliates to overseas Filipino professionals and retirees throughout Asia, Europe,

North America, the Middle East, and Australia. The Company enters into marketing

agreements with various brokers based in the different overseas markets, which will then

market the Company projects overseas through their respective marketing networks.

Megaworld Prospectus (2017, March 10)

https://www.megaworldcorp.com/investors/sites/investors/files/2018-05/Megaworld-

Main-Prospectus.pdf

C. PRODUCTIONS AND OPERATION AREA

Property giant Megaworld has a new home in the bustling Uptown Bonifacio, the

30-storey Alliance Global Tower. Located along 36th Street corner 11th Avenue in the

company’s 15.4-hectare Uptown Bonifacio township in the northern district of Fort

Bonifacio, the Alliance Global Tower is a 30-storey glass-clad ‘green office

development’ that has a direct connection to the award-winning Uptown Mall.

“On our 28th year as a company, we have transferred to our brand-new corporate

headquarters. This is a product of the more than two decades of hardwork, dedication

and excellence of the 5,000+ employees of the Megaworld Group,” says Lourdes

Gutierrez-Alfonso, chief operating officer, Megaworld. Covering 53,248 square meters

of office spaces, the Alliance Global Tower is home to Megaworld and its subsidiary

brands Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. and other

affiliate companies. The building’s façade is made of double-glazed glass curtain

wall, allowing natural light to penetrate the building but with less thermal heat and good
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sound insulation. The building uses an integrated Destination Operator Panel (DOP) and

keycard access system for its elevators, allowing smooth in-and-out traffic of elevator

passengers and for efficient security monitoring. Megaworld’s office floors boast of

wide working spaces spanning across 2,100 square meters per floor. The office floors

have a total of almost 100 meeting and conference rooms as well as training and testing

rooms. Each floor features the ‘open office layout’, allowing corporate transparency

among its employees. Each floor also features employee lounges: the Wellness Lounges

are equipped with treadmills and workout facilities while the Creativity Lounges have

facilities for reading and quick meet-ups. Each lounge also has a pantry with tables and

chairs, as well as coffee facilities. Aside from the regular toilets for employees and

guests, each floor also has its own toilet for persons with disabilities (PWDs).At the

26th floor, the Alliance Global Tower features ‘The Great Hall,’ an expansive dining

hall and event facility exclusive for Megaworld employees. The building also has its

own Mother’s Station, medical clinic, shower room and a helipad.The building also

features a 300-square meter ‘Skygarden’ at the 18th level, which connects directly to the

executive offices and the Chairman’s Boardroom that can accommodate around 54

people. Another 445-square meter skygarden is located at the roofdeck. The Alliance

Global Tower is a LEED-certified office tower that features integrated façade

mechanical design for highly-efficient energy consumption, water-efficient landscapes,

bike racks and shower facilities and use of non-to-low toxic green cleaning products and

pest control strategies. Last May, the building won the ‘Best Office Development’

award at the 2017 Philippine Property Awards. A few days ago, the Alliance Global

Tower also received the ‘Outstanding Sustainable Development for Office’ award from
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the International Real Estate Federation (FIABCI Philippines) during the 2017 Property

and Real Estate Excellence Awards.

https://www.megaworldcorp.com/megaworld-to-build-new-tower-in-mckinley-wests-

billionaires-row

A real estate project is anything involving real estate that has a defined beginning

and end, a goal in mind, and it may involve parties or resources that do not typically

work together. By defining scopes of work, managing the schedule / budget, and

communicating and driving the various project team members towards a singular goal a

project management firm can help ensure a projects success. 

Steps on Building a Project

1.) Choose a design professional

 To create a plan and detailed scope of work, most homeowners hire either

an architect or interior designer, and sometimes both. Selecting a design

professional usually starts with an in-person meeting, which can take a few

weeks depending on how many companies you are interviewing. This is your

opportunity to understand the services that each firm offers and make sure they

match up with what you are expecting.

2.) Create a plan

 After choosing a design firm, it's time to start making a plan. The plans are

called schematic designs; they usually involve a rough layout of the floor plan

and some simple views of the exterior of the project.

3.) Interview contractors

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 Contractors are frequently brought into the process once a final schematic design

has been selected. Usually there is at least a general idea of how the home will

look from the outside, a dimensioned floor plan and some preliminary material

selections. With this much information, it’s possible to provide preliminary

estimates of cost.

4.) Get your permits

 Depending on the scope of your project and where it’s located, permitting can

take a day, months or even years. You should have some idea ahead of filing for

permits about the length of the process, which will allow you to identify a likely

start date for your project.

5.) Starting your Project

  With the plan submitted for permits and material selections made, your

contractor will be able to finish up pricing and write up a contract for

construction.

D. Financial Performance

Liquidity Ratios

2016 2017 2018

Current Ratio 3.44 3.25 3.88
Quick Ratio 1.27 1.06 1.41
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MEG’s Current ratio is increasing year after from 3.44 to 3.88 it shows that the

company has the ability to pay off its short-term debt payable from current assets

available.The quick ratio decreased by 1.06 in 2017 as compared to the previous year but

in 2018 increased 3.88. The company is able to pay its current liabilities from receivables,

short-term financial investments, and availability. The higher the quick ratio, the better the

MEG’s liquidity position.

Leverage Ratios

2016 2017 2018

Debt- to- total- assets .48 .42 .41
Long-tem-debt-to- .43 .46 .40

equity

MEG’s debt-to-total-assets ratio gradually decreases from .48 in 2016, to .42 in

2017, to .41 in 2018. Debt to total asset ratio is the ratio indicating the percentage of total

assets of the company financed from debt. Lower debt to total asset ratio is considered

better as a sign of financial stability of the company. This is because, if the value of debt

to total asset ratio is low, it suggests that the company has borrowed fewer funds as

compared to the total assets that it owns. This indicates low financial risk. If we look

from a longer and futuristic perspective, MEG’s low debt to total asset ratio also

suggests that the company is reliable and attractive to invest in because the company

would be able to secure loans for its future projects due to low debt to asset ratio

resulting in higher borrowing capacity.

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MEG’s long-term- debt-to-equity ratio also decreased from .46 in 2017, to .40 in

2018. This implies that MEG is at lower risk of bankruptcy, since it may be able to pay

for the interest expense on the debt if its cash flows decline.

Activity Ratios

2016 2017 2018

Accounts receivable 1.42 1.69 1.27

turnover
Inventory turnover .24 .22 .23
Total assets turnover .17 .18 .18

MEG’s accounts receivable turnover ratio increased in 2017 by .27, this is

desirable, as it suggests that the MEG’s collection process is efficient, the company

enjoys a high-quality customer base, or that the company maintains a conservative credit

policy. Although, it decreased in 2018 by .42, this is harmful to MEG and can suggest a

poor collection process, extending credit terms to bad customers, or extending its credit

policy for too long.

MEG’s inventory turnover through the years stable for the past three years only

decreasing by .02 in 2017, and increased by .01 in 2018. Though, this shows a low rate

of inventory turnover, this implies that MEG may be overstocking or deficiencies in the

product line or marketing effort. It is a sign of ineffective inventory management

because inventory usually has a zero rate of return and high storage cost.
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MEG’s total asset turnover is also constant through the years increasing by .01 in

2017, and remaining the same in 2018. They have a low asset turnover, but this is usual

in th real estate industry because although they have a low asset turnover, they do have

large asset bases

Profitability Ratios

2016 2017 2018

Gross profit margin 46.11 47.12 46.05
Non- Operating profit margin
Net profit margin 25.01 27.35 27.58
Return on total assets (ROA) 4.2 4.82 4.92
Return on stockholders’ 8.15 8.97 8.39

equity (ROE)
Earnings per share 10.02 12.49 9.94

The gross profit margin indicate the ratio of revenue that is available to cover all

expensing. It is still enough to pay expenses. MEG’s maintain the steady rate investor of

net profit margin . it represent how much earned in revenue turned in profits. MEG’s

continuously increasing return on asset (ROA) that measures how profitable MEG’s to its

total asset which means it is effectively utilizing the MEG’s asset to generate profit. The

performance of return on equity (ROE) in 2017 increase 8.97 that indicates that MEG’s

shareholder receiving a better return on investment but in 2018 decrease in 8.39 it is not

a problem it affects that MEG’s using minimal debt this means that company is able to

generate retun on investment.

Growth Ratios

2016 2017 2018

Sales 4.85 4.56 13.83
Net Income 10.93 15.98 17.06
Return on equity 10.52
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MEG’s sales and net income have continually increased throughout the years.

Obviously this is favorable because increased sales and net income are good indicators

that a company is growing. MEG has always strived to be on top and it is one of the top

players in the real estate industry. In the eyes of stakeholders like customers and

investors, this is very appealing because they will invest more because they can see that

the company is growing.

INCOME STATEMENT
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

BALANCE SHEET
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
 Colegio de San Juan de Letran
COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY