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

More documents

Recommendations

Info

48 Mainly due to higher volume of sales of the digital products. As a percentage of total revenues, this account represents 60% and 48% in 2010 and 2009, respectively. Rental income – 8% increase to P121 million from P112 million Primarily due to more space rented out. As a percentage of total revenues, this account represents 4% and 5% in 2010 and 2009, respectively. Sale of real estate – 43% decrease to P207 million from P360 million Principally due to lower sale of industrial lots. As a percentage of total revenues, this account decreased to 8% in 2010 from 16% in 2009. Interest income – 34% decrease to P63 million from P95 million Mainly from lower yield of the placements. Also in 2009, the Company earned interest income from the amortization of discounts on held to maturity financial assets versus none in 2010 as a result of the reclassification of these financial assets to available for sale. As a percentage of total revenues, this account declined to 2% in 2010 from 4% in 2009. Cost of sales, services and rentals amounted to P1,875 million in 2010, or an increase of 15% from P1,624 million in 2009 as discussed below: Cost of services - increase to P460 million from P458 million No material change for this account. This account increased to 17% in 2010 from 20% in 2009 as a percentage of total revenues. Cost of sales - 44% increase to P1,225 million from P849 million Mainly in relation to higher sales. As a percentage of total sales, this account represented 45% in 2010 from 37% in 2009. Cost of rentals – 15% increase to P38 million from P33 million Primarily from higher outside services. This account represents 1% as a percentage of total revenues for both years. Cost of real estate sold – 46% decrease to P151 million from P282 million The decrease was mainly in relation to lower sale of industrial lots. As a percentage of total revenues, this account decreased to 6% in 2010 from 12% in 2009. General and administrative expenses – 12% increase to P281 million from P250 million Principally due to higher provision for warranty and others. As a percentage of total revenues, this account decreased to 10% in 2010 from 11% in 2009. Selling and distribution costs – 134% increase to P227 million from P97 million
49 Mainly from higher commissions, personnel and advertising costs. This account remained at 4% of total revenues for both years. Other operating income –net - 283% increase to P87 million from P22 million Primarily due to higher fair value gains on investment property and return on retirement plan assets in 2010. This account increased to 3% in 2010 from 1% in 2009 as a percentage of total revenues. Finance income – 12% decrease to P38 million from P34 million Primarily due to reversal of impairment losses on trade and other receivables. This account remained at 1% of total revenues for both years. Finance costs – 26% decrease to P88 million from P118 million Mainly due to losses on sale of foreign currency denominated financial assets. This account decreased to 3% in 2010 from 5% in 2009 as a percentage of total revenues. Other gains - net – 71% increase to P3 million from P2 million Primarily due to income from common usage area. This account increased to 0.10% in 2010 from 0.07% in 2009 as a percentage of of total revenues. viii. Seasonal Aspects that had Material Effect on the Financial Condition or Results of Operations There are no significant seasonality in the Company’s business that materially affects financial condition or results of operations.
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: 47 Cost of real estate sold - 37% d
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

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

Delete template?

Save as template?