ABS CBN BALANCE SHEET

Currency in
Millions of Philippines Pesos

As of:

Dec 31
2007

Dec 31
2008

Dec 31
2009

Dec 31
2010

Restated
PHP

Restated
PHP

Reclassified
PHP

PHP

Assets
Cash and Equivalents

2,145.8

2,524.3

3,337.8

5,821.3

2,145.8

2,524.3

3,337.8

5,821.3

3,782.7

4,189.6

4,790.0

5,564.8

410.2

398.6

309.4

172.5

4,193.0

4,588.2

5,099.4

5,737.3

Inventory

169.6

225.7

169.1

152.5

Prepaid Expenses

321.9

212.4

304.5

160.0

2,046.2

2,569.7

2,368.0

2,710.7

8,876.4

10,120.2

11,278.8

14,581.9

20,306.6

27,230.7

28,732.7

31,155.5

-10,839.4

-12,495.1

-14,018.2

-15,960.2

9,467.1

14,735.6

14,714.4

15,195.3

20.1

1,906.2

2,134.6

2,143.8

Long-Term Investments

106.0

414.7

440.2

306.2

Deferred Tax Assets, Long Term

184.4

603.2

642.2

961.4

Deferred Charges, Long Term

195.8

107.0

243.0

306.0

Other Intangibles

1,664.1

2,170.9

2,524.3

2,740.4

Other Long-Term Assets

5,615.0

2,985.5

2,842.5

2,723.8

26,128.8

33,043.2

34,820.1

38,958.9

Accounts Payable

1,737.7

1,152.9

1,207.5

1,776.9

Accrued Expenses

2,473.8

2,489.6

2,828.5

5,157.9

400.0

737.6

400.0

532.0

TOTAL CASH AND SHORT TERM INVESTMENTS

Accounts Receivable
Other Receivables
TOTAL RECEIVABLES

Other Current Assets

TOTAL CURRENT ASSETS
Gross Property Plant and Equipment
Accumulated Depreciation
NET PROPERTY PLANT AND EQUIPMENT
Goodwill

TOTAL ASSETS

LIABILITIES & EQUITY

Short-Term Borrowings

4-Year
Trend

ABS CBN INCOME STATEMENT

Annual

\
Currency in
Millions of Philippines Pesos

Revenues

As of:

Dec 31
2007

Dec 31
2008

Dec 31
2009

Dec 31
2010

Restated
PHP

Restated
PHP

Reclassified
PHP

PHP

17,239.6

19,630.6

22,030.2

27,754.5

17,239.6

19,630.6

22,030.2

27,754.5

Cost of Goods Sold

9,495.4

11,675.1

12,859.7

14,571.5

GROSS PROFIT

7,744.2

7,955.5

9,170.5

13,183.0

5,360.3

4,784.9

5,629.7

7,403.4

Depreciation & Amortization, Total

--

736.1

662.6

695.6

Other Operating Expenses

--

228.5

227.6

351.1

OTHER OPERATING EXPENSES, TOTAL

5,360.3

5,749.4

6,519.9

8,450.2

OPERATING INCOME

2,383.9

2,206.1

2,650.7

4,732.8

-507.2

-696.2

-883.8

-1,015.8

111.9

90.1

93.3

106.7

-395.3

-606.1

-790.5

-909.0

12.0

5.1

-2.3

0.1

197.6

-26.1

88.9

218.2

Other Non-Operating Income (Expenses)

-130.3

533.8

496.7

356.7

EBT, EXCLUDING UNUSUAL ITEMS

2,067.8

2,112.7

2,443.4

4,398.8

TOTAL REVENUES

Selling General & Admin Expenses, Total

Interest Expense
Interest and Investment Income
NET INTEREST EXPENSE
Income (Loss) on Equity Investments
Currency Exchange Gains (Loss)

4-Year
Trend

Gain (Loss) on Sale of Investments

--

--

--

-53.9

Other Unusual Items, Total

189.4

309.1

--

--

Other Unusual Items

189.4

309.1

--

--

2,257.2

2,421.8

2,443.4

4,344.9

986.5

1,032.1

684.1

1,107.7

-4.0

-6.2

-57.0

-58.6

1,270.8

1,389.7

1,759.4

3,237.2

1,266.7

1,383.5

1,702.4

3,178.6

NET INCOME TO COMMON INCLUDING EXTRA

ITEMS

1,266.7

1,383.5

1,702.4

3,178.6

NET INCOME TO COMMON EXCLUDING EXTRA

ITEMS

1,266.7

1,383.5

1,702.4

3,178.6

EBT, INCLUDING UNUSUAL ITEMS

Income Tax Expense
Minority Interest in Earnings
Earnings from Continuing Operations
NET INCOME