7/30/2019 PEPSI DEC 2010-2011

1/25

Note 2011 2010

Gross carrying amount:

Balance at beginning of period Php6,040,346.00 Php5,750,079.00

Aditions 893665 290267

Balance at end of period 6934011 6040346

Accumulated amortization:

Balance at beginning of period 4040651 3735097

Amortization for the period 17 678699 305416Other movements -2 138

Balance at the end of period 4719348 4040651

Carrying amount:

Balance at the end of period 2214663 1999695

7/30/2019 PEPSI DEC 2010-2011

2/25

Note Machinery and Other Equipment

Gross carrying amount

1-Jul-10 7351028

Additions -

Disposals/write-offs -55410

Transfers/reclassifications 181616

December 31, 2010/January 1, 2011 7477234

Additions 725972Disposals/write-offs -102341

Transfers/reclassifications 163794

31-Dec-11 8264659

Accumulated deprecitaion and amortization

1-Jul-10 4729470

Depreciation and amortization 17 282531

Disposals/write-offs -45339

December 31, 2010/January 1, 2011 4966662

Depreciation and amortization 17 459902

Disposals/write-offs -92253

Transfers/reclassifications -3331-Dec-11 5334278

Carrying amount:

31-Dec-10 2510572

31-Dec-11 2930381

7/30/2019 PEPSI DEC 2010-2011

3/25

Buildings and Leasehold Improvements Construction in Progress Furnitures and Fixtures

837948 263887 30602

- 447336 -

-575 - -64

5711 -188491 1164

843084 522732 31702

100955 153890 3280- - -110

6930 -170579 -145

950969 506843 34727

487441 - 22907

23006 - 670

-500 - -65

509947 - 23512

30016 - 1596

- - -110

33 - -539996 - 24998

333137 522732 8190

410973 506043 9729

7/30/2019 PEPSI DEC 2010-2011

4/25

Total

8483465

447336

-56049

-

8874752

984097-102451

-

9756398

5239818

306207

-45904

5500121

491514

-92363

-5899272

3374631

3857126

7/30/2019 PEPSI DEC 2010-2011

5/25

Note 2011 2010

Trade payables 13 1954216 1617412

Accrued advertising and marketing 143886 203819

Non-trade payables 128356 95120

Accrued retirement cost-current 22 50000 87875

Other accrued expenses 25 554234 677677

2839692 2681903

7/30/2019 PEPSI DEC 2010-2011

6/25

Current tax expense and final taxes on interest income

Deferred tax expense (benefit) from origination and reversal of temporary differences and others

7/30/2019 PEPSI DEC 2010-2011

7/25

For the Year Ended December 31, 2011 For the Six-Month Period From July1 to December 21, 2010

73238 80004

52121 -24774

125359 55230

7/30/2019 PEPSI DEC 2010-2011

8/25

For the Year Ended June 30, 2010

299628

16164

315792

7/30/2019 PEPSI DEC 2010-2011

9/25

Allowance for probable losses in values of bottles and cases, impairment losses, inventory obsolescence and othe

Accrual for retirement cost

MCIT

Past service cost

Bottles and casesMarketing equipment

7/30/2019 PEPSI DEC 2010-2011

10/25

2011 2010

106525 117460

72323 72068

40132 -

22664 28967

241644 218495

-473422 -418864-187456 -166744

-660878 -585608

-419234 -367113

7/30/2019 PEPSI DEC 2010-2011

11/25

Income before income tax

Tax rate at 30%

Additions to (reductions in) income tax resulting from the tax effects of:

Equity in net losses (earnings) of associates

Nondeductible expenses

Interest income subjected to final tax

7/30/2019 PEPSI DEC 2010-2011

12/25

For the Year Ended December 31, 2011 For the Six-Month Period From July1 to December 21, 2010

415406 184916

124332 55475

1041 -239

347 527

-351 -533125359 55230

7/30/2019 PEPSI DEC 2010-2011

13/25

For the Year Ended June 30, 2010

1054468

316340

-680

2840

-2708315792

7/30/2019 PEPSI DEC 2010-2011

14/25

For the Year Ended December 31, 2011

Short-term employee benefits 87699

Post-employment benefits 2009

89708

7/30/2019 PEPSI DEC 2010-2011

15/25

For the Six-Month Period From July1 to December 21, 2010 For the Year Ended June 30, 2010

40301 87114

1176 3159

41477 90273

7/30/2019 PEPSI DEC 2010-2011

16/25

Note For the Year Ended December 31, 2011

Materials and supplies used 13 10294562

Delivery and freight 987499

Depreciation and amortization 8, 9, 17 859746

Rental and utilities 13, 25 377847

Personnel expenses 18 308066

Others 6 62175313449473

7/30/2019 PEPSI DEC 2010-2011

17/25

For the Six-Month Period From July1 to December 21, 2010 For the Year Ended June 30, 2010

4895786 9073587

446056 862493

455268 841738

164722 295250

157491 289491

331250 5553446450573 11917903

7/30/2019 PEPSI DEC 2010-2011

18/25

Note For the Year Ended December 31, 2011

Distribution 545051

Personnel expenses 18 406805

Delivery and freight 9, 17 327772

Depreciation 13, 25 274819

Rental and utilities 5 149033

Others 4023842105864

7/30/2019 PEPSI DEC 2010-2011

19/25

For the Six-Month Period From July1 to December 21, 2010 For the Year Ended June 30, 2010

265496 515105

227513 415835

150115 286637

141053 271359

67800 124876

206685 3911381058662 2004950

7/30/2019 PEPSI DEC 2010-2011

20/25

Note For the Year Ended December 31, 2011

Personnel expenses 18 350168

Rental and utilities 13, 25 96011

Outside services 84875

Others 17 147846

678900

7/30/2019 PEPSI DEC 2010-2011

21/25

For the Six-Month Period From July1 to December 21, 2010 For the Year Ended June 30, 2010

194738 333132

55245 100790

72130 118026

69732 156144

391845 708092

7/30/2019 PEPSI DEC 2010-2011

22/25

Note For the Year Ended December 31, 2011

Cost of goods sold 14 1014189

Selling and distribution 15 50850

General and administrative 16 1065039

7/30/2019 PEPSI DEC 2010-2011

23/25

For the Six-Month Period From July1 to December 21, 2010 For the Year Ended June 30, 2010

551128 984998

28614 53460

579742 1038458

7/30/2019 PEPSI DEC 2010-2011

24/25

Note For the Year Ended December 31, 2011

Salaries and wages 1014189

Retirement cost 22 50850

1065039

7/30/2019 PEPSI DEC 2010-2011

25/25

For the Six-Month Period From July1 to December 21, 2010 For the Year Ended June 30, 2010

551128 984998

28614 53460

579742 1038458