COVER SHEET PHILIPPINE SEVEN CORPORATION - 7-Eleven

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PING-YUN WANGVice-PresidentCitizenship: R.O.C.40 2 yrs. 2 yrs. • Vice President for Operations & Marketing• Exec. Committee member- Philippine Seven Corporation• Director –Convenience Distribution, Inc.• 16 years with 7-ElevenYU-HSIU TSAITreasurerCitizenship: R.O.C.49 10 mos. 10 mos. • Store Manager – 7-Eleven President Chain Store• Section Manager – Finance Department President ChainStore Corporation• Director – Administrative Department of StarbucksTaiwan• Director – Administrative Department of StarbucksShanghai• Director – Director Administrative Department Cold StoneCreameryEVELYN SADSAD-ENRIQUEZCorporate SecretaryCitizenship: Filipino45 5 yrs. &5 mos.19 yrs.• Legal and Corporate Services Division Mgr. - PhilippineSeven Corporation• Compliance Officer- Philippine Seven Corporation• Corporate Secretary - Convenience Distribution Inc./Store Sites Holding, Inc./ Ferguson Park TowerCondominium Corporation, Phil-Seven Foundation, Inc.• President – Columbia Owners’ Association Inc.• Former Asst. Corporate Secretary and Head of Legal andCorp. Affairs - Philippine Seven Corporationb) The Executive OfficersAs of December 31, 2008, the Executive Officers and Management of the Corporationare the following:Executive OfficersChairman of the BoardVice-ChairmanPresident & CEOVice-President for Operations & MarketingTreasurer, CFO, VP for Finance & AdministrationCorporate Secretary,Legal & Corporate Services Division ManagerMarketing DirectorComptrollerGeneral Merchandise Division ManagerOperations Division ManagerInternal Audit Division ManagerHR Division ManagerCorporate Planning & MIS Division ManagerBusiness Development Division ManagerNameVicente T. PaternoChien-Nan HsiehJose Victor P. PaternoPing-Yun WangYu-Hsiu TsaiAtty. Evelyn S. EnriquezMichael ChuaunsuLawrence M. de LeonJose Ang, Jr.Liwayway T. FernandezEduardo P. BataclanVioleta B. ApolinarioJason Jan NgoFrancis S. Medinac) Significant EmployeesOther than aforementioned Directors and Executive Officers identified in the item on Directorsand Executive Officers in this Annual report, there are no other employees of the Company whomay have a significant influence in the Company’s major and/or strategic planning and decisionmaking.
d) Family Relationshipsi) Mr. Jose Victor P. Paterno, President of PSC and concurrent Chairman and President ofConvenience Distribution Inc. (CDI), a wholly owned subsidiary of PSC, is the son of PSCChairman of the Board, Mr. Vicente T. Paterno.ii) Ms. Diana P. Aguilar, director of PSC, is related to PSC Chairman, Mr. Paterno, by affinitywithin the 3rd degree.iii) Mr. Raymund Aguilar, Director of Gate Distribution Enterprises, Inc. and EC PaymentNetwork Inc., a supplier of the Company, is the spouse of Ms. Diana P. Aguilare) Independent DirectorsThe independent directors, Mr. Alfredo C. Ramos and Mr, Michael B. Zalamea are not officers orsubstantial shareholders of Philippine Seven Corporation nor are they the directors or officers ofits related companies.f) LitigationTo the knowledge and/or information of the Company, the above-named directors of theCompany, the present members of its Board of Directors and its Corporate Officers are not,presently or during the past 5 years, involved or have been involved in any material legalproceeding affecting/involving themselves or their property before any court of law oradministrative body in the Philippines or elsewhere. Likewise, to the knowledge and/orinformation of the Company, the said persons have not been convicted by any final judgment ofany offense punishable by the laws of the Republic of the Philippines or the laws of anynation/country.f) Pending Legal ProceedingsThe Company is a party to various litigations involving price tag law issues before Department ofTrade and Industry, employees suing for illegal dismissal, back wages and damage claims, claimsarising from store operations and as co-respondents with manufacturers on complaints withBFAD, actions on leases for specific performance and other civil claims; and criminal cases it filedagainst employees and other persons arising from theft, estafa and robbery, all such cases are inthe normal course of business and are not deemed to be considered as material legal proceedingas stated in Part I, Paragraph (C) of “Annex C” of SEC checklist 17-A.g) Qualification of DirectorsTo the knowledge and/or information of the Company, the above-named directors have all thequalifications and none of the disqualifications as provided in the Company’s Manual on CorporateGovernance and the revised Securities Regulation Code.h) Certain Relationships and Related TransactionsThe Company has lease and/or sublease agreements with Wenphil Corporation and ProgressiveDevelopment Corporation for commercial spaces in excess of the requirements of the Companyfor its 7-Eleven stores, and supply arrangement for certain products/services carried by thestores with Gate Distribution Enterprises Inc. (GATE) and Electronic Commerce PaymentsNetwork Inc. (ECPAY).Ms. Diana P. Aguilar, director of the company, is a director of Wenphil Corporation (owner ofWendy’s Philippine franchise), GATE and ECPAY. She is also the wife of Mr. Raymund Aguilar, adirector of GATE and President of ECPAY which is the supplier of physical and electronic phonecards (e-pins) of the company and the system provider for e-pins and bills payment. Mr. Jorge L.Araneta, also a director of the Company, is the Chairman and President of ProgressiveDevelopment Corporation (owner of Pizza Hut Philippine franchise).The Company has warehousing and distribution management contract with ConvenienceDistribution Inc. (CDI), its wholly-owned subsidiary. The Chairman of the Board and President ofCDI, Mr. Jose Victor Paterno, is the son of Mr. Vicente Paterno, the Chairman of the Board of PSC.The Company, from time to time, makes purchases of equipment from President Chain StoreCorporation (and its subsidiaries/affiliates), which is the parent company of President Chain Store
Page 2: REPUBLIC OF THE PHILIPPINES)CITY OF
Page 6 and 7: maintains its leadership in the ind
Page 8 and 9: LeasesThe Company leases land or ex
Page 10 and 11: 99 132 TRECE MARTIREZ Gov. Drive co
Page 12 and 13: 211 276 HANSEL** Aurora Blvd. cor.
Page 14 and 15: 309 384 ONE E-COMUnit 4,5 & 6, Harb
Page 16 and 17: December 31, 2008Month Open High Lo
Page 18 and 19: NAMEAGETerm ofPresentPositionNo. of
Page 22 and 23: (Labuan) Holding Ltd., holding 56.5
Page 24 and 25: 3. Voting trust holder of 5% moreMr
Page 26 and 27: SIGNATURESPursuant to the requireme
Page 28 and 29: OVERVIEWPhilippine Seven Corporatio
Page 30 and 31: escalations.Service fees are higher
Page 32 and 33: points partly due to the dilution b
Page 34 and 35: We obtain the majority of our worki
Page 36 and 37: SIGNATUREPursuant to the requiremen
Page 38 and 39: APPENDIX “B”Philippine Seven Co
Page 40 and 41: - 2 -OpinionIn our opinion, the con
Page 42 and 43: - 2 -Stockholders’ EquityCapital
Page 44 and 45: PHILIPPINE SEVEN CORPORATION AND SU
Page 46 and 47: PHILIPPINE SEVEN CORPORATION AND SU
Page 48 and 49: - 3 -PFRS 8, Operating Segments (ef
Page 50 and 51: - 5 -• PAS 19, Employee Benefits-
Page 52 and 53: - 7 -nor will it give rise to a gai
Page 54 and 55: - 9 -Financial assets at FVPL are r
Page 56 and 57: - 11 -The Group’s other financial
Page 58 and 59: - 13 -debt security increases and t
Page 60 and 61: - 15 -Software and Program CostSoft
Page 62 and 63: - 17 -Past service cost is recogniz
Page 64 and 65: - 19 -In determining both the basic
Page 66 and 67: - 21 -For all other financial instr
Page 68 and 69: - 23 -Realizability of Deferred Inc
Page 70 and 71:
- 25 -8. Property and EquipmentMove
Page 72 and 73:
- 27 -Key assumptions used in value
Page 74 and 75:
- 29 -2008 2007Withholding taxes 11
Page 76 and 77:
- 31 -19. General and Administrativ
Page 78 and 79:
- 33 -2006PSC CDICurrent service co
Page 80 and 81:
- 35 -Amounts for the current and p
Page 82 and 83:
- 36 -Transactions between related
Page 84 and 85:
- 38 -The approximate annual minimu
Page 86 and 87:
- 40 -28. Basic/Diluted Earnings Pe
Page 88 and 89:
- 42 -Refundable depositsThe fair v
Page 90 and 91:
- 44 -2007Neither Past Due nor Impa
Page 92 and 93:
- 46 -2008More thanthree monthsLess
Page 94 and 95:
- 48 -32. Significant Agreementsa.
Page 96 and 97:
PHILIPPINE SEVEN CORPORATION AND SU
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COVER SHEET PHILIPPINE SEVEN CORPORATION - 7-Eleven

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