SEC Form 17-A: Annual Report - the solid group inc website

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The total segment balances presented for the Group’s operating segments reconciled to
the Group’s consolidated balances as presented in the consolidated financial statements
are as follows (in thousands):
Segment Intercompany Consolidated
Totals Accounts Balances
2012
Revenues P 4,951,673 (P 61,290 ) P 4,890,383
Net profit for the year 1,241,739 ( 97 ) 1,241,642
Total assets 20,390,507 ( 7,542,415 ) 12,848,092
Total liabilities 5,776,997 ( 2,600,694) 3,176,303
Other segment information:
Capital expenditures 148,519 317 148,836
Depreciation and amortization 46,709 ( 242 ) 46,467
Impairment losses 12,768 - 12,768
Other non-cash expenses 4,440 - 4,440
2011
Revenues P 4,246,751 (P 97,261 ) P 4,149,490
Net profit for the year 455,492 ( 25,196 ) 430,296
Total assets 19,327,543 ( 7,610,860 ) 11,716,683
Total liabilities 7,046,634 ( 3,886,434) 3,160,200
Other segment information:
Capital expenditures 105,449 663 106,112
Depreciation and amortization 77,327 846 78,173
Impairment losses 19,598 20,544 40,142
Other non-cash expenses 78,810 ( 35,852 ) 42,958
2010
Revenues P 2,793,089 (P 83,311 ) P 2,709,778
Net profit for the year 221,445 5,258 226,703
Total assets 17,870,773 ( 7,228,327 ) 10,642,446
Total liabilities 4,971,031 ( 2,440,533) 2,530,498
Other segment information:
Capital expenditures 56,611 190 56,801
Depreciation and amortization 76,192 ( 603 ) 75,589
Impairment losses 42,924 - 42,924
Other non-cash expenses ( 5,631 ) - ( 5,631)
5. DISCONTINUED OPERATIONS
As mentioned in Note 1.2, Kita and SLC (now OSSI – see Note 1.1) ceased the
operations of their plastic injection manufacturing business as of December 31, 2010.
Termination benefits paid to employees who accepted voluntary redundancy amounted
to P0.8 million in 2011 and P1.1 million in 2010 (see Note 22.1). The results of
operations of the discontinued operations of the Group pertaining to the plastic
injection manufacturing division are presented in the 2011 and 2010 consolidated
statements of income under the Loss from Discontinued Operations account. There
were no revenues generated and costs and expenses incurred in 2012 from the Group’s
discontinued operations.