GMA NETWORK INC. CONSOLIDATED STATEMENTS OF COMPREHEN SIVE INCOME currency in philippine pesos, in millions 2010 2009 2008 2007 Revenues 100.0% 100.0% 100.0% 100.0% Cost of Goods Sold 40.7% 39.3% 40.3% 40.3% GROSS PROFIT (Gross Income/Net Revenues) 59.3% 60.7% 59.7% 59.7% Selling General & Admin Expenses, Total Depreciation & Amortization, Total Other Operating Expenses OTHER OPERATING EXPENSES, TOTAL 24.7% 23.5% 22.5% 22.5% 2.6% 3.2% 3.6% 3.3% 1.4% 1.5% 1.4% 1.3% 28.7% 28.2% 27.5% 27.1% INCOME FROM OPERATIONS (Operating Income) 30.5% 32.5% 32.2% 32.5% Interest Expense 0.0% -0.1% -0.1% -0.2% 0.7% -0.1% Interest and Investment Income 0.6% 0.5% 0.7% Income (Loss) on Equity Investments 0.1% -0.1% 0.0% Currency Exchange Gains (Loss) Other Non-Operating Income (Expenses) -0.2% -0.1% 0.0% -0.2% 0.2% 0.2% 0.4% 0.9% Gain (Loss) on Sale of Assets 0.1% 0.1% 0.3% 0.0% Other Unusual Items, Total NET INCOME BEFORE TAX 0.0% 0.0% 0.0% 0.2% 31.2% 33.1% 33.4% 33.9% Income Tax Expense 8.0% 8.8% 10.9% 11.2% NET INCOME 23.2% 24.3% 22.5% 22.6%
GMA NETWORK INC. CONSOLIDATED STATEMENTS OF COMPREHEN SIVE INCOME currency in philippine pesos, in millions 2010 2009 2008 2007 Revenues 100.0% 100.0% 100.0% 100.0% Cost of Goods Sold 40.7% 39.3% 40.3% 40.3% GROSS PROFIT (Gross Income/Net Revenues) 59.3% 60.7% 59.7% 59.7% Selling General & Admin Expenses, Total Depreciation & Amortization, Total Other Operating Expenses OTHER OPERATING EXPENSES, TOTAL 24.7% 23.5% 22.5% 22.5% 2.6% 3.2% 3.6% 3.3% 1.4% 1.5% 1.4% 1.3% 28.7% 28.2% 27.5% 27.1% INCOME FROM OPERATIONS (Operating Income) 30.5% 32.5% 32.2% 32.5% Interest Expense 0.0% -0.1% -0.1% -0.2% 0.7% -0.1% Interest and Investment Income 0.6% 0.5% 0.7% Income (Loss) on Equity Investments 0.1% -0.1% 0.0% Currency Exchange Gains (Loss) Other Non-Operating Income (Expenses) -0.2% -0.1% 0.0% -0.2% 0.2% 0.2% 0.4% 0.9% Gain (Loss) on Sale of Assets 0.1% 0.1% 0.3% 0.0% Other Unusual Items, Total NET INCOME BEFORE TAX 0.0% 0.0% 0.0% 0.2% 31.2% 33.1% 33.4% 33.9% Income Tax Expense 8.0% 8.8% 10.9% 11.2% NET INCOME 23.2% 24.3% 22.5% 22.6%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
VER
- Describe the trend of revenues from 2007 to 2010. What observations can be drawn?
- Describe the trend of operating income from 2007 to 2010. What observations can be drawn?
- Describe the trend of net income from 2007 to 2010. What observations can be drawn?
![GMA NETWORK INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
currency in philippine pesos, in millions
2010
2009
2008
2007
Revenues
100.0%
100.0%
100.0%
100.0%
Cost of Goods Sold
40.7%
39.3%
40.3%
40.3%
GROSS PROFIT (Gross Income/Net Revenues)
59.3%
60.7%
59.7%
59.7%
Selling General & Admin Expenses, Total
24.7%
23.5%
22.5%
22.5%
Depreciation & Amortization, Total
2.6%
3.2%
3.6%
3.3%
Other Operating Expenses
1.4%
1.5%
1.4%
1.3%
OTHER OPERATING EXPENSES, TOTAL
28.7%
28.2%
27.5%
27.1%
INCOME FROM OPERATIONS (Operating Income)
30.5%
32.5%
32.2%
32.5%
Interest Expense
0.0%
-0.1%
-0.1%
-0.2%
Interest and Investment Income
0.6%
0.5%
0.7%
0.7%
Income (Loss) on Equity Investments
0.1%
-0.1%
-0.1%
0.0%
Currency Exchange Gains (Loss)
-0.2%
-0.1%
0.0%
-0.2%
Other Non-Operating Income (Expenses)
0.2%
0.2%
0.4%
0.9%
Gain (Loss) on Sale of Assets
0.1%
0.1%
0.3%
0.0%
Other Unusual Items, Total
0.0%
0.0%
0.0%
0.2%
NET INCOME BEFORE TAX
31.2%
33.1%
33.4%
33.9%
Income Tax Expense
8.0%
8.8%
10.9%
11.2%
NET INCOME
23.2%
24.3%
22.5%
22.6%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f30c874-9ab9-49f1-8078-5930ad484b58%2Fa8354b6d-1e86-42bc-a1df-fc2b94fa81b1%2Fzu3d1y_processed.png&w=3840&q=75)
Transcribed Image Text:GMA NETWORK INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
currency in philippine pesos, in millions
2010
2009
2008
2007
Revenues
100.0%
100.0%
100.0%
100.0%
Cost of Goods Sold
40.7%
39.3%
40.3%
40.3%
GROSS PROFIT (Gross Income/Net Revenues)
59.3%
60.7%
59.7%
59.7%
Selling General & Admin Expenses, Total
24.7%
23.5%
22.5%
22.5%
Depreciation & Amortization, Total
2.6%
3.2%
3.6%
3.3%
Other Operating Expenses
1.4%
1.5%
1.4%
1.3%
OTHER OPERATING EXPENSES, TOTAL
28.7%
28.2%
27.5%
27.1%
INCOME FROM OPERATIONS (Operating Income)
30.5%
32.5%
32.2%
32.5%
Interest Expense
0.0%
-0.1%
-0.1%
-0.2%
Interest and Investment Income
0.6%
0.5%
0.7%
0.7%
Income (Loss) on Equity Investments
0.1%
-0.1%
-0.1%
0.0%
Currency Exchange Gains (Loss)
-0.2%
-0.1%
0.0%
-0.2%
Other Non-Operating Income (Expenses)
0.2%
0.2%
0.4%
0.9%
Gain (Loss) on Sale of Assets
0.1%
0.1%
0.3%
0.0%
Other Unusual Items, Total
0.0%
0.0%
0.0%
0.2%
NET INCOME BEFORE TAX
31.2%
33.1%
33.4%
33.9%
Income Tax Expense
8.0%
8.8%
10.9%
11.2%
NET INCOME
23.2%
24.3%
22.5%
22.6%
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