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

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Balance Sheet Items (2011 vs. 2010)
(Increase or decrease of 5% or more in the financial statements)
Cash and cash equivalents – 6% increase to P1,720 million from P1,620 million
Mainly provided by financing activities from proceeds of loans, by operating activities primarily
from increase in receivables and inventories and by investing activities for acquisition of property
and equipment. This account stood at 15% as a percentage of total assets for years 2011 and
2010.
Trade and other receivables – 28% increase to P1,137 million from P890 million
Mainly from increase in trade receivables on digital products. This account stood at 10% and 8%
as a percentage of total assets in 2011 and 2010, respectively.
Advances to related parties – 36% decrease to P128 million from P201 million
Principally due to collections made. This account stood at 1% and 2% as a percentage of total assets in
2011 and 2010, respectively.
Financial Assets through fair value and loss – 100% amounting to P70 million
Financial assets at fair value through profit or loss amounted to P70 million as of December 31,
2011 versus none in 2010 principally from purchases made during the year.
Available-for-sale financial assets – 62% decrease to P51 million from P138 million
The decrease was principally due to disposal of financial assets. This account stood at .4% and
1% as a percentage of total assets in 2011 and 2010, respectively.
Merchandise inventories and supplies – 43% increase to P564 million from P393 million
Mainly from higher merchandise and finished goods for digital products. This account
represented 5% and 4% as a percentage of total assets in 2011 and 2010, respectively.
Real estate inventories – 26% increase to P1,675 million from P1,328 million
The increase was mainly due to additions made during the period offset by real estate sold. This
account stood at 14% and 12% as a percentage of total assets in 2011 and 2010, respectively.
Other current assets – 10%increase to P267 million from P242 million
Principally from higher prepaid expenses, creditable withholding taxes and advances to suppliers
and contractors. This account stood at 2% as a percentage of total assets for years 2011 and 2010.