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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare a horizontal and vertical analysis of the income statement
Transcribed Image Text: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
Transcribed Image Text: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
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