TABLE OF CONTENTS Title Page Approval Sheet

Part 1 Del Monte Pacific Limited Company Profile Company Mission and Vision Company Philosophy Environmental Policy Company History Company Organizational Structure Company Location Map Company Products Market Description OTHERS

Part 2 Analysis of Financial Statements a. b. c. d. Presentation of Financial statements Notes to Financial Statements (all) Compare Compliance of the selected company to PAS Give your Evaluation

TABLE OF CONTENTS Title Page Approval Sheet

Part 1 Del Monte Pacific Limited Company Profile

Company Mission and Vision

Vision

To be one of the fastest growing global branded food and beverage companies Mission To bring to life health and wellness
Company Philosophy

Environmental Policy
The Company has been active in caring for the environment and local communities throughout the 85-year history of Philippine operations, including the outreach of our Del Monte Foundation, we have embarked on a journey towards corporate Sustainability in accordance with the Global Reporting Initiative (GRI) framework. Sustainability goes beyond corporate social responsibility and philanthropy, as well as environmental compliance, and sets a path towards a more holistic and strategic approach towards social, environmental and economic performance for the benefit of many people, planet and profit for the Triple Bottom line. The highlights of our sustainability efforts in 2011 are listed below:

Economic
Achievement of record revenue of US$425 million US$1.7 million (before taxes) of productivity and cost efficiency gains US$110,500 donation to Del Monte Foundation, Inc

Environment
The Philippine Enercon Movement and the Department of Energy jointly awarded the Groups Philippine subsidiary with the Don Emilio Abello Outstanding Award for Energy Efficiency in 2011

 Energy conservation projects implemented and generated savings for the company of 18.8% PECO (Percent Energy Conservation) equivalent to 6.7 million LOE (litres of oil equivalent) Approval of a LEE D certified building and explored waste-toenergy project to improve our carbon footprint
Some 200 employees in the Philippines plant seedlings to launch the Grow A Tree project, which urges volunteers to regularly revisit the site, ensure full growth of trees, and bring in other volunteers.

Reforestation efforts wherein we planted 2,500 trees with a 97% survival rate and distribution of 6,110 seedlings

Social
Flood relief operations and community assistance for those affected by tropical storm Sendong (international code name Washi) Our main Community Education Centre received official accreditation from the Philippine Technical Education and Skills Development Authority (TE SDA), highlighting public-private sector cooperation for community education Beneficiaries of our scholarship programme increased by ten percent to 235, the highest scholar enrolment in two decades A key international customer, which requires its suppliers to abide by a Code of Ethical Standards, has affirmed our efforts in the area of social accountability Second Innovations Day spearheaded by our Consumer Product and Packaging Development team showcasing 150 new product and packaging ideas A Corporate Sustainability Team was organised to develop strategic plans guided by the GRI framework. For 2012, we have included corporate sustainability as part of the companys strategic plan. Our goal is to promote sustainability to achieve our business objectives, environmental stewardship and social responsibility. The benefits we envision are to: Improve the business performance by generating operational efficiency and cost savings through a more sustainable business model; E nhance a companys reputation with stakeholders, including investors, credit institutions, customers, employees, and business partners through a sustainable economic performance, environmental and social responsibility;\

Environment Sustainability
The success of our business is intertwined with responsible stewardship of nature, the source of our products and profits. As such, we continuously build on our agro knowledge and experience, and communicate our Environmental Policy to our stakeholders as we support resource-efficient processes to enhance our environmental footprint. The foundation of our sustainable agriculture practices is efficient land use aimed at improving plantation yield through ecologically

friendly land preparation, plant disease management and chemical application; efficient water sourcing and drainage; and use of sustainable planting materials. With better fruit quality and greater operational efficiency, we have initiated programmes to minimise waste, improve efficiencies in electricity and water consumption; increase usage of recycled but viable packaging materials; measure production efficiencies via 5S, Total Productive Maintenance and 6 Sigma; enhance the health and well-being of our workforce and their families; and ensure compliance of our service providers with local labour laws.

Waste Management
Our pineapple pulp waste disposal system, a pioneering effort started in the 1950s, converts a by-product of the cannery into feed for our cattle farm at the plantation. This helps us reduce waste and cut costs. We operate effluent treatment plants that treat wastewater discharged from our agro-industrial facilities. Our high-filtration extraction system processes excess juice into pineapple concentrate and syrup, significantly reducing volume of wastewater. Plantation-based families share in our total conservation effort as they segregate domestic solid waste right in their own homes. Recyclable materials collected from households are sold to fund community projects.

Responsible Use of Materials

We work with local government units, suppliers and community organisations to ensure a safe environment for our workers and host communities. We comply with government standards in the use of fertilizers and industrial chemicals, including safe transport and handling, and collection and recovery of packaging materials. We conduct regular safety audits on our fertilizer and chemical storage and work areas. A Supplier Quality Management programme and product traceability measures are in place to respond to customer requirements. Audit results are shared with concerned teams to ensure deficiencies are immediately addressed. Workers handling chemicals are issued protective equipment and undergo regular medical check-ups.

Green Initiatives
Under our new sustainability framework, we have significantly enhanced our stakeholder advocacy programme for environmental conservation. While our carbon footprint remains within global standards, many initiatives were undertaken during the year to reduce process residues, strengthen energy conservation in all worksites and plantation homes, and explore more efficient energy sources. We intensified pineapple plantings across a wider area, innovative composting, community-based tree planting and reforestation of denuded areas. Over 72,000 seedlings of indigenous tree species from our nursery were distributed free to employees and the community during the year. We have adopted a mountain close to our farm for re-greening. Another 2,500 seedlings were planted on its slopes during the year. A survival rate of 97 percent is attributed to increased

revisits by volunteers and a food-for-work programme whereby farmers help maintain and grow trees to maturity A new tradition has taken shape as some 200 new employees from our Philippine company planted trees to mark regularisation of employment with the Group and signify long-term commitment to sustainability. Under our Grow-A-Tree programme, each employee volunteers to plant not less than ten trees and care for these trees through ones employment years. These efforts support the six-year National Greening Programme launched by Philippine President Benigno C Aquino III which calls for the planting of 1.5 billion trees to initially re-green 1.5 million hectares (of the countrys eight million hectares of unproductive forest land) into agro-forestry plantations.

Company History

Company Organizational Structure

Board of Directors
Mr Rolando C Gapud
Chairman and Non-Executive Director Appointed on 20 January 2006 and last elected on 29 April 2011

Mr Joselito D Campos, Jr
Executive Director Appointed on 20 January 2006 and last elected on 28 April 2006

Mr Edgardo M Cruz, Jr
Executive Director Appointed on 2 May 2006 and last elected on 27 April 2009

Mr Patrick L Go
Independent Director Appointed on 19 April 2001 and last elected on 28 April 2010

Dr Emil Quinto Javier

Independent Director Appointed on 30 April 2007 and last elected on 28 April 2010

Mr Benedict Kwek Gim Song

Independent Director Appointed on 30 April 2007 and last elected on 29 April 2011

Mr Godfrey E Scotchbrook
Independent Director Appointed on 28 December 2000 and last elected on 27 April 2009
Audit Committee The Audit Committee (AC ) comprises five board members, four of whom are non-executive directors. A majority of members, including the chairman, are independent. Members of the AC in the financial year and at the date of this report are: Mr Benedict Kwek Gim Song (Chairman and Independent Director) Mr Edgardo M Cruz, Jr (Executive Director) Mr Rolando C Gapud (Non-Executive Director) Mr Patrick L Go (Independent Director) Mr Godfrey E Scotchbrook (Independent Director)

Senior Management
Mr Joselito D Campos, Jr
Managing Director and Chief Executive Officer

Mr Luis F Alejandro
Chief Operating Officer

Mr Richard W Blossom
Senior Vice President

Ms Tan Chooi Khim

General Manager, S&W Fine Foods International Ltd

Mr Ignacio C O Sison
Chief Financial Officer

Ms Ma Bella B Javier
Chief Scientific Officer

Mr Raul C Leonen
Chief Manufacturing Officer

Mr Antonio E S Ungson
Chief Legal Counsel and Chief Compliance Officer

Company Location Map Company Products

Market Description
Their market are everybody who loves fruits and health conscious. Their markets are everybody especially people who loves different kinds of salads, sauce (ketchup), ready to eat fruits (cut into cube), and sometimes, made to be cooked to add flavour to our tastes. OTHERS

Part 2 Analysis of Financial Statements a. Presentation of Financial statements It is shown that that presentation of their financial statements are still in accordance in PAS yet, their financial statements appearance are not the same to our traditional way of presentation. It is obvious that their Non-current Assets and Non-current Liabilities are presented before the Current Portions.

b. Notes to Financial Statements (all) Some of the disclosures in their financial statements states that their Audit committee are some of their board of directors

Trademark 40 years

As at 31 December 2011, the net carrying amount of leased property, plant and equipment was US$432,000 (2010: US$537,000). Impairment loss relating to machinery and equipment are realised/(reversed) in Other expenses in the income statement during the year. At 31 December 2011, the Group has no legal or constructive obligation to dismantle any of its leasehold improvements as the lease contracts provide, among other things, that the improvements introduced on the leased assets shall become the property of the lessor upon termination of the lease. Freehold land of the Group located in the Philippines at 31 December 2011 is stated at fair value of US$5,558,000 (2010: US$5,527,000) based on prior year independent valuation by LC H Philippines Inc, Manila, Philippines, on an existing use basis.

Management has assessed that the fair value of the freehold land is not significantly different from its carrying value as at 31 December 2011. In respect of the freehold land in Singapore stated at fair value of US$3,537,000 (2010: US$2,417,000), the Group had engaged CB Richard Ellis to perform an independent valuation on an existing use basis. The carrying amount of the freehold land would have been US$2,282,000 (2010: US$2,282,000) had the freehold land been carried at cost less impairment losses.

Reserve for own shares treasury shares

c. Compare Compliance of the selected company to PAS d. Give your Evaluation