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

More documents

Recommendations

Info

SOLIDGROUP INC. AND SUBSIDIARIES Schedule J - Financial Soundness Indicators FORMULA DECEMBER 31, 2012 DECEMBER 31, 2011 Liquidity Ratios Solvency Ratios Current ratio Current Assets 3.14:1 2.47:1 Current Liabilities Cash + Marketable Securities + Accounts Acid Test ratio Receivable + Other Liquid Assets 1.93:1 1.31:1 Current Liabilities Total Liabilites (excluding advances Debt to Equity ratio from related parties) 0.33:1 0.36:1 Total Equity Gearing Ratio Financial Debt 0.06:1 0.09:1 Total Equity + Financial Debt Asset-toEquity Ratios Total Assets 1.33:1 1.37:1 Total Equity Interest Rate Coverage Ratio EBIT 225.64:1 70.91:1 Interest Expense Profitability Ratios Operating Margin Operating Profit 28% 16% Total Revenues Net Profit Margin Net Income after Tax 25% 10% Total Revenues Return on Total Assets Net Income after Tax 10 4% Average Total Assets Return on Equity Net Income after Tax 13.00 5% Total Equity
SOLID GROUP INC. AND SUBSIDIARIES Schedule of Philippine Financial Reporting Standards and Interpretations Adopted by the Securities and Exchange Commission and the Financial Reporting Standards Council as of December 31, 2012 PHILIPPINE FINANCIAL REPORTING STANDARDS AND INTERPRETATIONS Adopted Not Adopted Not Applicable Framework for the Preparation and Presentation of Financial Statements Conceptual Framework Phase A: Objectives and Qualitative Characteristics a a Practice Statement Management Commentary a Philippine Financial Reporting Standards (PFRS) First-time Adoption of Philippine Financial Reporting Standards a Amendments to PFRS 1: Additional Exemptions for First-time Adopters a Amendment to PFRS 1: Limited Exemption from Comparative PFRS 7 Disclosures for PFRS 1 First-time Adopters a (Revised) Amendments to PFRS 1: Severe Hyperinflation and Removal of Fixed Date for First-time Adopters a Amendments to PFRS 1: Government Loans* (effective January 1, 2013) a Share-based Payment a PFRS 2 Amendments to PFRS 2: Vesting Conditions and Cancellations a Amendments to PFRS 2: Group Cash-settled Share-based Payment Transactions a PFRS 3 (Revised) Business Combinations a PFRS 4 Insurance Contracts a Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts a PFRS 5 Non-current Assets Held for Sale and Discontinued Operations a PFRS 6 Exploration for and Evaluation of Mineral Resources a Financial Instruments: Disclosures a Amendments to PFRS 7: Transition a Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets** a Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets - Effective Date and Transition** a PFRS 7 Amendments to PFRS 7: Improving Disclosures about Financial Instruments a Amendments to PFRS 7: Disclosures - Transfers of Financial Assets** a Amendments to PFRS 7: Disclosures – Offsetting Financial Assets and Financial Liabilities* (effective January 1, 2013) a Amendments to PFRS 7: Mandatory Effective Date of PFRS 9 and Transition Disclosures* (effective January 1, 2015) a PFRS 8 Operating Segments a Financial Instruments (effective January 1, 2015) a PFRS 9 Amendments to PFRS 9: Mandatory Effective Date of PFRS 9 and Transition Disclosures* (effective January 1, 2015) a PFRS 10 Consolidated Financial Statements* (effective January 1, 2013) a Amendments to PFRS 10: Transition Guidance* (effective January 1, 2013) a Amendments to PFRS 10: Investment Entities* (effective January 1, 2013) a PFRS 11 Joint Arrangements* (effective January 1, 2013) a Amendments to PFRS 11: Transition Guidance* (effective January 1, 2013) a PFRS 12 Disclosure of Interests in Other Entities* (effective January 1, 2013) a Amendments to PFRS 12: Transition Guidance* (effective January 1, 2013) a Amendments to PFRS 12: Investment Entities* (effective January 1, 2013) a PFRS 13 Fair Value Measurement* (effective January 1, 2013) a
Page 1 and 2:
SOLID GROUP INC. April 30, 2013 THE
Page 3 and 4:
12. Check whether the issuer: (a) h
Page 5 and 6:
1 PART I. BUSINESS AND GENERAL INFO
Page 7 and 8:
3 Solid Laguna Corporation (SLC) wa
Page 9 and 10:
5 Status of any-publicly announced
Page 11 and 12:
7 • Distributoship Agreement with
Page 13 and 14:
9 Major Risks involved in the Busin
Page 15 and 16:
11 reform. On August 13, 1997, Soli
Page 17 and 18:
13 The above lease contracts are re
Page 19 and 20:
15 The number of shareholders of re
Page 21 and 22:
17 Item 6. Management’s Discussio
Page 23 and 24:
19 2010 Revenue improved by 17% in
Page 25 and 26:
21 broadband segment posted P267 mi
Page 27 and 28:
23 Advances from related parties am
Page 29 and 30:
25 Other operating income amounted
Page 31 and 32:
27 Total assets reached P11,716 mil
Page 33 and 34:
29 Cost of rentals amounted to P38
Page 35 and 36:
31 Property, plant and equipment am
Page 37 and 38:
33 thumb of 2 : 1 by achieving a cu
Page 39 and 40:
35 vii. Causes for any Material Cha
Page 41 and 42:
37 Principally due to additional co
Page 43 and 44:
39 The decrease was mainly in relat
Page 45 and 46:
41 Non-current trade and other rece
Page 47 and 48:
43 Principally due to other compreh
Page 49 and 50:
45 Increase was due to higher trade
Page 51 and 52:
47 Cost of real estate sold - 37% d
Page 53 and 54:
49 Mainly from higher commissions,
Page 55 and 56:
51 The overall scope of the audit w
Page 57 and 58:
53 Mr. Joseph Lim is the Founding C
Page 59 and 60:
55 executive officers Susan L. Tan
Page 61 and 62:
57 Common Lim, Elena S. 1,894 (dire
Page 63 and 64:
59 2. The Company has no transactio
Page 67 and 68:
62 SOLID GROUP, INC. INDEX TO FINAN
Page 69 and 70:
64 INDEX TO EXHIBITS Form 17-A No.
Page 71:
66 EXHIBIT 18 SUBSIDIARIES OF THE R
Page 104 and 105:
- 2 - Notes 2012 2011 LIABILITIES A
Page 106 and 107:
SOLID GROUP INC. AND SUBSIDIARIES C
Page 108 and 109:
SOLID GROUP INC. AND SUBSIDIARIES C
Page 110 and 111:
SOLID GROUP INC. AND SUBSIDIARIES N
Page 112 and 113:
- 3 - (b) Mergers of Certain Subsid
Page 114 and 115:
- 5 - 2.2 Adoption of New and Amend
Page 116 and 117:
- 7 - (iii) Consolidation Standards
Page 118 and 119:
- 9 - (vii) PAS 32 (Amendment), Fin
Page 120 and 121:
- 11 - (c) PAS 32 (Amendment), Fina
Page 122 and 123:
- 13 - 2.5 Financial Assets Financi
Page 124 and 125:
- 15 - Non-compounding interest and
Page 126 and 127:
- 17 - An item of property, plant a
Page 128 and 129:
- 19 - If the business combination
Page 130 and 131:
- 21 - (e) Sale of real estate - Re
Page 132 and 133:
- 23 - Foreign currency gains and l
Page 134 and 135:
- 25 - (b) Defined Contribution Pla
Page 136 and 137:
- 27 - 2.23 Equity Capital stock re
Page 138 and 139:
- 29 - (d) Distinction Between Inve
Page 140 and 141:
- 31 - (d) Estimating Useful Lives
Page 142 and 143:
- 33 - (d) (e) Distribution segment
Page 144 and 145:
- 35 - The total segment balances p
Page 146 and 147:
- 37 - The net cash flows attributa
Page 148 and 149: - 39 - Other receivables consist pr
Page 150 and 151: - 41 - A reconciliation of the carr
Page 152 and 153: - 43 - Borrowing costs incurred fro
Page 154 and 155: A reconciliation of the carrying am
Page 156 and 157: - 47 - The changes in the carrying
Page 158 and 159: - 49 - Information relating to sign
Page 160 and 161: - 51 - Other accrued expenses inclu
Page 162 and 163: - 53 - 19. OTHER INCOME 19.1 Other
Page 164 and 165: - 55 - These expenses are classifie
Page 166 and 167: - 57 - 22.2 Post-employment Benefit
Page 168 and 169: - 59 - For determination of the pos
Page 170 and 171: - 61 - The reconciliation of tax on
Page 172 and 173: - 63 - The net deferred tax liabili
Page 174 and 175: - 65 - 24. EQUITY 24.1 Capital Stoc
Page 176 and 177: - 67 - The Group’s outstanding re
Page 178 and 179: - 69 - 26.5 Advances to and from Re
Page 180 and 181: - 71 - 26.10 Key Management Personn
Page 182 and 183: - 73 - (d) Gain on Sale of Assets S
Page 184 and 185: - 75 - 28.9 Others As of December 3
Page 186 and 187: - 77 - The Group’s management con
Page 188 and 189: - 79 - 30. CATEGORIES AND FAIR VALU
Page 191 and 192: Supplementary Schedules SOLID GROUP
Page 193 and 194: Solid Group Inc. and Subsidiaries S
Page 195 and 196: Solid Group Inc. and Subsidiaries S
Page 197: SOLID GROUP INC. Schedule I Reconci
Page 201 and 202: PAS 33 Earnings per Share a PAS 34
Page 203: Solid Group Inc. and Subsidiaries S
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?