AYALA LAND, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands, Except Earnings Per Share Figures) REVENUE (Note 20) Real estate sales (Notes 20 and 30) Interest income from real estate sales (Notes 7 and 20) Equity in net earnings of associates and joint ventures (Notes 11 and 20) Interest and investment income (Notes 6, 21 and 25) Other income (Notes 21 and 24) COSTS AND EXPENSES Cost of real estate sales (Note 22) General and administrative expenses (Notes 22, 26 and 28) Interest and other financing charges (Note 22) Other expenses (Note 22) INCOME BEFORE INCOME TAX PROVISION FOR (BENEFIT FROM) INCOME TAX (Note 23) Current Deferred NET INCOME Net income attributable to: Equity holders of Ayala Land, Inc. (Note 27) Non-controlling interests Earnings Per Share (Note 27) Net income attributable to equity holders of Ayala Land, Inc.: Basic and diluted See accompanying Notes to Consolidated Financial Statements. Years Ended December 31 2020 2021 P96,144,850 6,801,012 842,565 103,788,427 253,107 2,101,071 2,354,178 106,142,605 2019 P85,965,453 P157,848,573 8,602,775 7,890,972 586,502 965,787 95,154,730 166,705,332 394,701 723,268 1,117,969 96,272,699 P0.83 64,641,519 56,673,184 94,751,939 6,538,859 8,011,813 9,367,359 11,037,772 12,745,720 12,199,758 3,636,915 3,788,771 1,644,982 85,855,065 81,219,488 117,964,038 20,287,540 15.053,211 50,829,674 930,445 1,157,935 2,088,380 168,793,712 5,984,642 (1,356,465) 4,628,177 4,687,956 12,455,010 (628,983) 859,633 4,058,973 13,314,643 P15,659,363 P10,994,238 P37,515,031 P12,228,148 P8,727,155 P33,188,399 3,431,215 2,267,083 4,326,632 P15.659,363 P10,994,238 P37.515.031 P0.59 P2.25 AYALA LAND, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) NET INCOME Other comprehensive income (loss) Item that will be reclassified to profit or loss in subsequent years: Cumulative translation adjustment Items that will not be reclassified to profit or loss in subsequent years: Fair value reserve of financial assets at FVOCI (Note 10) Remeasurement gain (loss) on pension liabilities (Note 26) Income tax effect TOTAL COMPREHENSIVE INCOME Total comprehensive income attributable to: Equity holders of Ayala Land, Inc. Non-controlling interests See accompanying Notes to Consolidated Financial Statements. Years Ended December 31 2020 2019 2021 P15,659,363 P10,994,238 P37,515,031 265,284 (97,378) 1,099,585 (274,896) 992,595 P16,651,958 P13,049,676 3,602,282 P16,651,958 (237,531) (617,831) (426,088) (686,987) 206,096 (1,144,510) P9,849,728 P36,776,552 P7,872,357 1,977,371 P9,849,728 (3,220) (167,754) 50,326 (738,479) P32,449,920 4,326,632 P36,776,552 DO THE HORIZONTAL AND VERTICAL ANALYSIS FOR THE INCOME STATEMENT OF AYALA LAND 2020 AND 2021
AYALA LAND, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands, Except Earnings Per Share Figures) REVENUE (Note 20) Real estate sales (Notes 20 and 30) Interest income from real estate sales (Notes 7 and 20) Equity in net earnings of associates and joint ventures (Notes 11 and 20) Interest and investment income (Notes 6, 21 and 25) Other income (Notes 21 and 24) COSTS AND EXPENSES Cost of real estate sales (Note 22) General and administrative expenses (Notes 22, 26 and 28) Interest and other financing charges (Note 22) Other expenses (Note 22) INCOME BEFORE INCOME TAX PROVISION FOR (BENEFIT FROM) INCOME TAX (Note 23) Current Deferred NET INCOME Net income attributable to: Equity holders of Ayala Land, Inc. (Note 27) Non-controlling interests Earnings Per Share (Note 27) Net income attributable to equity holders of Ayala Land, Inc.: Basic and diluted See accompanying Notes to Consolidated Financial Statements. Years Ended December 31 2020 2021 P96,144,850 6,801,012 842,565 103,788,427 253,107 2,101,071 2,354,178 106,142,605 2019 P85,965,453 P157,848,573 8,602,775 7,890,972 586,502 965,787 95,154,730 166,705,332 394,701 723,268 1,117,969 96,272,699 P0.83 64,641,519 56,673,184 94,751,939 6,538,859 8,011,813 9,367,359 11,037,772 12,745,720 12,199,758 3,636,915 3,788,771 1,644,982 85,855,065 81,219,488 117,964,038 20,287,540 15.053,211 50,829,674 930,445 1,157,935 2,088,380 168,793,712 5,984,642 (1,356,465) 4,628,177 4,687,956 12,455,010 (628,983) 859,633 4,058,973 13,314,643 P15,659,363 P10,994,238 P37,515,031 P12,228,148 P8,727,155 P33,188,399 3,431,215 2,267,083 4,326,632 P15.659,363 P10,994,238 P37.515.031 P0.59 P2.25 AYALA LAND, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) NET INCOME Other comprehensive income (loss) Item that will be reclassified to profit or loss in subsequent years: Cumulative translation adjustment Items that will not be reclassified to profit or loss in subsequent years: Fair value reserve of financial assets at FVOCI (Note 10) Remeasurement gain (loss) on pension liabilities (Note 26) Income tax effect TOTAL COMPREHENSIVE INCOME Total comprehensive income attributable to: Equity holders of Ayala Land, Inc. Non-controlling interests See accompanying Notes to Consolidated Financial Statements. Years Ended December 31 2020 2019 2021 P15,659,363 P10,994,238 P37,515,031 265,284 (97,378) 1,099,585 (274,896) 992,595 P16,651,958 P13,049,676 3,602,282 P16,651,958 (237,531) (617,831) (426,088) (686,987) 206,096 (1,144,510) P9,849,728 P36,776,552 P7,872,357 1,977,371 P9,849,728 (3,220) (167,754) 50,326 (738,479) P32,449,920 4,326,632 P36,776,552 DO THE HORIZONTAL AND VERTICAL ANALYSIS FOR THE INCOME STATEMENT OF AYALA LAND 2020 AND 2021
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter6: Accounting Quality
Section: Chapter Questions
Problem 2IC
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Transcribed Image Text:AYALA LAND, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Amounts in Thousands, Except Earnings Per Share Figures)
REVENUE (Note 20)
Real estate sales (Notes 20 and 30)
Interest income from real estate sales (Notes 7 and 20)
Equity in net earnings of associates and
joint ventures (Notes 11 and 20)
Interest and investment income (Notes 6, 21 and 25)
Other income (Notes 21 and 24)
COSTS AND EXPENSES
Cost of real estate sales (Note 22)
General and administrative expenses
(Notes 22, 26 and 28)
Interest and other financing charges (Note 22)
Other expenses (Note 22)
INCOME BEFORE INCOME TAX
PROVISION FOR (BENEFIT FROM) INCOME
TAX (Note 23)
Current
Deferred
NET INCOME
Net income attributable to:
Equity holders of Ayala Land, Inc. (Note 27)
Non-controlling interests.
Earnings Per Share (Note 27)
Net income attributable to equity holders of Ayala Land,
Inc.:
Basic and diluted
See accompanying Notes to Consolidated Financial Statements.
Years Ended December 31
2020
2021
P96,144,850
6,801,012
20,287,540
P85,965,453 P157,848,573
8,602,775
7,890,972
842,565
103,788,427
253,107
930,445
1,157,935
2,101,071
2,354,178
1,117,969
2,088,380
106,142,605 96,272,699 168,793,712
586,502
965,787
95,154,730 166,705,332
394,701
723,268
64,641,519 56,673,184
94,751,939
6,538,859 8,011,813 9,367,359
11,037,772 12,745,720 12,199,758
3,636,915 3,788,771 1,644,982
85,855,065 81,219,488 117,964,038
50,829,674
2019
P0.83
15,053,211
4,687,956
(628,983)
4,058,973
12,455,010
5,984,642
(1,356,465)
4,628,177
859,633
13,314,643
P15,659,363 P10,994,238 P37,515,031
P12,228,148 P8,727,155 P33,188,399
3,431,215 2,267,083 4,326,632
P15,659,363 P10,994,238 P37,515,031
P0.59
P2.25
AYALA LAND, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Amounts in Thousands)
NET INCOME
Other comprehensive income (loss)
Item that will be reclassified to profit or loss in
subsequent years:
Cumulative translation adjustment
Items that will not be reclassified to profit or loss in
subsequent years:
Fair value reserve of financial assets at FVOCI
(Note 10)
Remeasurement gain (loss) on pension liabilities
(Note 26)
Income tax effect
TOTAL COMPREHENSIVE INCOME
Total comprehensive income attributable to:
Equity holders of Ayala Land, Inc.
Non-controlling interests
See accompanying Notes to Consolidated Financial Statements.
Years Ended December 31
2019
2021
P15,659,363 P10,994,238 P37,515,031
265,284
2020
(97,378)
1,099,585
(274,896)
992,595
(237,531)
(617,831)
(426,088)
(686,987)
206,096
(1,144,510)
P16,651,958 P9,849,728 P36,776,552
(3,220)
(167,754)
50,326
(738,479)
P13,049,676 P7,872,357 P32,449,920
3,602,282 1,977,371 4,326,632
P16,651,958 P9,849,728 P36,776,552
DO THE HORIZONTAL AND VERTICAL ANALYSIS
FOR THE INCOME STATEMENT OF AYALA LAND
2020 AND 2021
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