2011 Annual Report - the solid group inc website

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Items classified under the miscellaneous account primarily consist of advertising and
promotions, subcontracting services, taxes and licenses, cable services and insurance
expenses incurred by the Group.
These expenses are classified in the consolidated statements of income as follows:
Notes 2011 2010 2009
Continuing operations:
Cost of sales 19.1 P 2,524,843,718 P 1,225,420,110 P 849,411,001
Cost of services 19.2 499,294,869 460,191,618 458,164,630
Cost of real estate sold 95,886,118 151,396,685 282,889,925
Cost of rentals 19.3 39,880,748 38,569,193 33,568,032
General and administrative
expenses 366,950,584 281,046,941 250,979,458
Selling and distribution costs 278,372,598 227,552,333 97,041,397
3,805,228,635 2,384,176,880 1,972,054,443
Discontinued operations:
Cost of sales 19.1 14,307,547 31,736,150 144,512,497
General and administrative
expenses 5 385,540 9,271,158 22,026,940
Selling and distribution costs 5 671,435 413,308 4,304,982
15,364,522 41,420,616 170,844,419
P 3,820,593,157 P 2,425,597,496 P 2,142,898,862
22. OTHER INCOME (CHARGES)
22.1 Finance Income
This account consists of the following:
Notes 2011 2010 2009
Interest income from banks 6 P 28,088,868 P 23,389,186 P 24,249,043
Reversal of impairment losses on
trade and other receivables 7 17,014,146 11,104,219 8,488,254
Interest income from financing 9,038,889 5,041,854 2,223,213
Foreign currency gains 5,624,590 1,372,689 1,851,732
Others 1,842,653 905,319 466,547
P 61,609,146 P 41,813,267 P 37,278,789
The allocation of finance income between continuing and discontinued operations is shown
below.
Note 2011 2010 2009
Continuing operations P 61,524,698 P 38,921,553 P 34,748,630
Discontinued operations 5 84,448 2,891,714 2,530,159
P 61,609,146 P 41,813,267 P 37,278,789