Prepare a horizontal and vertical analysis of the income statement GMA NETWORK, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME REVENUES (Note 22) PRODUCTION COSTS (Note 23) COST OF SALES (Note 9) GROSS PROFIT GENERAL AND ADMINISTRATIVE EXPENSES (Note 24) OTHER INCOME (EXPENSE) - NET Foreign currency exchange loss (Note 18) Interest expense (Notes 18 and 28) Interest income (Note 6) Equity in net earnings (losses) of a joint venture (Note 12) Others - net (Note 26) INCOME BEFORE INCOME TAX PROVISION FOR (BENEFIT FROM) INCOME TAX (Note 29) Current Deferred NET INCOME OTHER COMPREHENSIVE INCOME (LOSS) - net of tax Items not to be reclassified to profit or loss in subsequent periods: Net changes in the fair market value of financial assets at FVOCI (Note 11) Remeasurement gain (loss) on retirement plans (Note 27) Revaluation increment on land due to change in tax rate (Note 29) TOTAL COMPREHENSIVE INCOME Net income attributable to: Equity holders of the Parent Company Non-controlling interests (Note 2) Total comprehensive income attributable to: Equity holders of the Parent Company Non-controlling interests (Note 2) Years Ended December 31 2020 Basic / Diluted Earnings Per Share (Note 30) See accompanying Notes to Consolidated Financial Statements. 2021 P22,450,323,397 P19,335,895,538 4,876,549,005 3,452,138,359 418,141,643 479,417,099 17,155,632,749 15,404,340,080 7,260,929,700 (51,861,281) (48,692,493) 16,235,317 (1,045,954) 137,857,160 52,492,749 9,947,195,798 2,400,634,670 (22,585,153) 2,378,049,517 7,569,146,281 (70,236,040) 575,619,706 122,178,941 627,562,607 P8,196,708,888 P7,530,114,246 39,032,035 P7,569,146,281 P8,160,335,453 36,373,435 P8,196,708,888 P1.549 6,847,818,011 (47,023,770) (20,545,123) 13,715,413 3,908,740 85,174,767 35,230,027 8,591,752,096 2,728,650,540 (144,232,767) 2,584,417,773 6,007,334,323 (45,464,038) (1,261,623,143) (1,307,087,181) P4,700,247,142 P5,984,584,939 22,749,384 P6,007,334,323 P4,680,682,825 19,564,317 P4,700,247,142 P1.231 2019 P16,493,452,212 6,435,153,765 10,058,298,447 6,325,456,794 (34,892,931) (55,595,345) 22,906,786 13,420,076 87,766,566 33,605,152 3,766,446,805 1,200,778,143 (73,607,958) 1,127,170,185 2,639,276,620 2,805,891 (300,697,741) (297,891,850) P2,341,384,770 P2,618,460,706 20,815,914 #2,639,276,620 P2,320,788,743 20,596,027 P2,341,384,770 PO.539
Prepare a horizontal and vertical analysis of the income statement GMA NETWORK, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME REVENUES (Note 22) PRODUCTION COSTS (Note 23) COST OF SALES (Note 9) GROSS PROFIT GENERAL AND ADMINISTRATIVE EXPENSES (Note 24) OTHER INCOME (EXPENSE) - NET Foreign currency exchange loss (Note 18) Interest expense (Notes 18 and 28) Interest income (Note 6) Equity in net earnings (losses) of a joint venture (Note 12) Others - net (Note 26) INCOME BEFORE INCOME TAX PROVISION FOR (BENEFIT FROM) INCOME TAX (Note 29) Current Deferred NET INCOME OTHER COMPREHENSIVE INCOME (LOSS) - net of tax Items not to be reclassified to profit or loss in subsequent periods: Net changes in the fair market value of financial assets at FVOCI (Note 11) Remeasurement gain (loss) on retirement plans (Note 27) Revaluation increment on land due to change in tax rate (Note 29) TOTAL COMPREHENSIVE INCOME Net income attributable to: Equity holders of the Parent Company Non-controlling interests (Note 2) Total comprehensive income attributable to: Equity holders of the Parent Company Non-controlling interests (Note 2) Years Ended December 31 2020 Basic / Diluted Earnings Per Share (Note 30) See accompanying Notes to Consolidated Financial Statements. 2021 P22,450,323,397 P19,335,895,538 4,876,549,005 3,452,138,359 418,141,643 479,417,099 17,155,632,749 15,404,340,080 7,260,929,700 (51,861,281) (48,692,493) 16,235,317 (1,045,954) 137,857,160 52,492,749 9,947,195,798 2,400,634,670 (22,585,153) 2,378,049,517 7,569,146,281 (70,236,040) 575,619,706 122,178,941 627,562,607 P8,196,708,888 P7,530,114,246 39,032,035 P7,569,146,281 P8,160,335,453 36,373,435 P8,196,708,888 P1.549 6,847,818,011 (47,023,770) (20,545,123) 13,715,413 3,908,740 85,174,767 35,230,027 8,591,752,096 2,728,650,540 (144,232,767) 2,584,417,773 6,007,334,323 (45,464,038) (1,261,623,143) (1,307,087,181) P4,700,247,142 P5,984,584,939 22,749,384 P6,007,334,323 P4,680,682,825 19,564,317 P4,700,247,142 P1.231 2019 P16,493,452,212 6,435,153,765 10,058,298,447 6,325,456,794 (34,892,931) (55,595,345) 22,906,786 13,420,076 87,766,566 33,605,152 3,766,446,805 1,200,778,143 (73,607,958) 1,127,170,185 2,639,276,620 2,805,891 (300,697,741) (297,891,850) P2,341,384,770 P2,618,460,706 20,815,914 #2,639,276,620 P2,320,788,743 20,596,027 P2,341,384,770 PO.539
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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