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

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Item 7. FINANCIAL STATEMENTS
The consolidated financial statements and schedules to Financial Statements and Supplementary
Schedules are filed as part of this Form 17 - A.
(B) Information on Independent Accountant and Other Related Matters
(1) External Audit Fees And Services
(a) Under the caption Audit and Audit-Related Fees, the aggregate fees billed for each of the last
two fiscal years for professional services rendered by the external auditor for :
1. The audit of the registrant’s annual financial statements or services that are normally
provided by the external auditor in connection with statutory and regulatory filings or
engagements for those fiscal years:
The audit fees of our present external auditor, Punongbayan and Araullo for the examination of
our annual audited financial statements, including those of our subsidiaries for the years ended
December 31, 2012 and 2011 amounted to P5 million and P4.66 million, respectively. Also,
audit fees for the short period reports as well as long form reports in 2012 and 2011 as required
for the filing of merger of the various subsidiaries of the Company amounted to P210 thousand
and P1.21 million, respectively. The audit fee of Grant Thornton for the examination of Fil-
Dragon for the years ended December 31, 2012 and 2011 amounted to HK$274,000 and
HK$245,000, respectively.
2. Other assurance and related services by the external auditor that are reasonably related to the
performance of the audit or review of the registrant’s financial statements.
None for 2012 and 2011.
(b) Under the caption “Tax Fees”, the aggregate fees billed in each of the last two (2) fiscal years
for professional services rendered by the external auditor for tax accounting, compliance,
advice, planning and any other form of tax services. Registrant shall describe the nature of
the services comprising the fees disclosed under this category.
The tax fees paid to the Tax Division of Punongbayan and Araullo for tax consultation and
advisory services of our Company and those of our subsidiaries for the year ended December 31,
2012 and 2011 amounted to P204 thousand and P276 thousand, respectively. Also, fees paid to
the Tax and Compliance Division for the assistance on the merger of the Companies’
subsidiaries, Solid Manila Corporation and Solid Corporation amounted to P200 thousand and
P689 thousand in 2012 and 2011, respectively.
(c) Under the caption “All Other Fees”, the aggregate fees billed in each of the last two (2) fiscal
years for products and services provided by the external auditor, other than the services
reported under items (a) & (b) above. Registrants shall describe the nature of the services
comprising the fees disclosed under this category.
There were no other fees paid for the years 2012 and 2011.
(d) The audit committee’s approval policies and procedures for the above services.