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

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The net cash flows attributable to the operating, investing, and financing activities of
continuing and discontinued operations for the years ended December 31, 2011 and
2010 are shown below.
2011
Continuing Discontinued Total
Net Cash From Operating Activities P 354,066,628 P 4,355,587 P 358,422,215
Net Cash From (Used in) Investing Activities ( 38,042,351 ) 284,513 ( 37,757,838)
Net Cash Used in Financing Activities ( 211,230,466 ) ( 7,076,714) ( 218,307,180)
Effect of Foreign Exchange Rate
Changes on Cash and Cash Equivalents ( 1,723,719 ) 116 ( 1,723,603)
Net increase (decrease) in Cash and
Cash Equivalents 103,070,092 ( 2,436,498) 100,633,594
Cash and cash equivalents at beginning of year 1,618,111,420 2,003,048 1,620,114,468
Cash and cash equivalents at end of year P 1,721,181,512 (P 433,450) P 1,720,748,062
2010
Continuing Discontinued Total
Net Cash From (Used in) Operating Activities ( P 64,190,106 ) P 21,911,041 (P 42,279,065)
Net Cash From (Used in) Investing Activities ( 26,686,111 ) 3,033,588 ( 23,652,523)
Net Cash From (Used in) Financing Activities 444,169,750 ( 20,146,036) 424,023,714
Effect of Foreign Exchange Rate
Changes on Cash and Cash Equivalents ( 1,119,803 ) - ( 1,119,803)
Net increase in Cash and Cash equivalents 352,173,030 4,798,593 356,972,323
Cash and cash equivalents at beginning of year 1,248,783,034 14,359,111 1,263,142,145
Cash and cash equivalents at end of year P 1,600,956,764 P 19,157,704 P 1,620,114,468
6. CASH AND CASH EQUIVALENTS
Cash and cash equivalents include the following components as of December 31:
2012 2011
Cash on hand and in bank P 274,888,192 P 396,965,149
Short-term placements 2,745,096,021 1,323,782,913
P 3,019,984,213 P 1,720,748,062
Cash in banks generally earn interest at rates based on daily bank deposit rates.
Short-term placements are made for varying periods of between 1 to 90 days and earn
annual effective interest ranging from 0.8% to 4.7% in 2012 and 0.5% to 6.0% in 2011.