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

More documents

Recommendations

Info

42 Principally due to deposits received for the pre-selling of the condominium units of Golden Hill Project in Nanning, China. Advances from related parties – 36% decrease to P107 million from P169 million The decrease was due to payments made during the period. This account stood at 0.9% in 2011 and 2% in 2010 as a percentage of total liabilities and equity. Estimated liability for land and land development costs – no change There was no movement during the period. This account represented .58% and 0.6% as a percentage of total liabilities and equity in 2011 and 2010, respectively. Income tax payable –amounted to P43 million as of December 31, 2011 from P44 million as of December 31, 2010. No material change. This account was pegged at 0.37% and 0.41% of the total liabilities and equity in 2011 and 2010, respectively. Non-current refundable deposits – 2% increase to P15.6 million from P15.2 million No material change. This represented 0.13% and 0.14% of the total liabilities and equity in 2011 and 2010, respectively. Retirement benefit obligation – 96% increase to P6 million from P3 million Mainly from unpaid contributions. This account stood at 0.05% and 0.03% of the total liabilities and equity in 2011 and 2010, respectively. Deferred tax liabilities – 8% increase to P861 million from P798 million The increase was principally from higher accumulated fair value gains on investment property for the year. This account stood at 7% and 8% as a percentage of total liabilities and equity for 2011 and 2010, respectively. Capital stock – no change This account stood at 17% and 19%of total liabilities and equity for 2011 and 2010, respectively. Additional Paid-In-Capital – no change This account represented 39 and 44% of total liabilities and equity for 2011 and 2010, respectively. Treasury Shares – no change This account represented 10% and 1% of total liabilities and equity for 2011 and 2010, respectively. Revaluation reserves – 33% decrease to (P29 million) from (P43 million)
43 Principally due to other comprehensive income for the period consisting of currency differences on translating financial statements of foreign operations, fair value gains on available for sale financial assets and reclassification adjustments for losses recognized in profit or loss. This account stood at .25%% and 0.41% total liabilities and equity in 2011 and 2010, respectively. Retained earnings – 37%% increase to P1.623 million from P1.183 million As a result of net income during the period. This account stood at 13.85% and 11% of total liabilities and equity in 2011 and 2010, respectively. Balance Sheet Items (2010 vs. 2009) (Increase or decrease of 5% or more in the financial statements) Cash and cash equivalents – 28% increase to P1,620 million from P1,263 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% and 13% as a percentage of total assets in 2010 and 2009, respectively. Trade and other receivables – 78% increase to P890 million from P501 million Mainly from increase in trade receivables on digital products. This account stood at 8% and 5% as a percentage of total assets in 2010 and 2009, respectively. Available-for-sale financial assets – 55% decrease to P138 million from P305 million The decrease was principally due to disposal of financial assets. This account stood at 1% and 3% as a percentage of total assets in 2010 and 2009, respectively. Merchandise inventories and supplies – 371% increase to P392 million from P83 million Mainly from higher merchandise and finished goods for digital products. This account represented 4% and 1% as a percentage of total assets in 2010 and 2009, respectively. Real estate inventories – 27% increase to P1,328 million from P1,046 million The increase was mainly due to additions made during the period offset by real estate sold. This account stood at 12% and 11% as a percentage of total assets in 2010 and 2009, respectively. Advances to related parties - 60% decrease in 2010 to P201 million from P504 million Mainly from additional advances. This account stood at 2% and 5% as a percentage of total assets in 2010 and 2009, respectively. Other current assets – 19% decrease in 2010 to P242 million from P299 million Principally from lower advances to suppliers and contractors. This account stood at 2% and 3% as a percentage of total assets in 2010 and 2009, respectively.
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: 41 Non-current trade and other rece
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:
Page 197 and 198:
SOLID GROUP INC. Schedule I Reconci
Page 199 and 200:
SOLID GROUP INC. AND SUBSIDIARIES S
Page 201 and 202:
PAS 33 Earnings per Share a PAS 34
Page 203:
show all

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

Create successful ePaper yourself

Delete template?

Save as template?