Filinvest Land,

Horizontal Analysis of Compara

For Years Ended December 31, 2

2014
ASSETS
Cash and cash equivalents P4,308,665
Contracts and receivables 16,972,347
Due from related parties 255,097
Other receivables 3,506,176
Financial Assets at Fair Value through other
comprehensive income 23,939
Real Estate Inventories 24,215,525
Land and Land Development 17,388,474
Investment in an associate 3,971,369
Investment properties 26,311,332
Property and equipment 1,352,194
Deferred Income Tax assets- net 8,495
Goodwill 4,567,242
Other Assets 3,638,981
TOTAL ASSETS P106,519,836

LIABILITIES AND EQUITY

Liabilities
Accounts Payable and Accrued Expenses P10,894,322
Loans Payable 16,519,797
Bonds payable 23,786,796
Income tax payable 121,961
Due to related parties 289,745
Retirement Liabilities 264,380
Deferred Income Tax Liabilities 2,533,782
Total Liabilities 54,410,783

Equity
Common stock 24,470,708
Preferred stock 80,000
Additional paid-in capital 5,612,321
Treasury Stock -221,041
Retained Earnings 21,775,140
Revaluation reserved on financial assets at fair value
through other comprehensive income -2,619
Remeasurement losses on retirement plan- net of tax -115,242
Share in other components of equity of an associate 361,794
Equity attributable to equity holders of the parent 51,961,061
Non-controlling assets 147,992
Total Equity 52,109,053
TOTAL LIABILITIES AND EQUITY P106,519,836
 Filinvest Land, Inc.
zontal Analysis of Comparative Balance sheets
r Years Ended December 31, 2014, 2015 and 2016
2015 vs 2014
2015 Amount Percent 2016

P6,596,380 2,287,715 53% P4,873,025

19,455,271 2,482,924 14.60% 21,785,580
442,164 187,067 73.30% 0
3,620,650 114,474 3% 3,445,084

18,665 -5,274 22% 15,670

26,000,524 1,784,999 7% 25,905,712
17,743,353 354,879 2% 17,594,754
4,141,165 169,796 4% 4,046,789
31,981,021 5,669,689 22% 37,964,948
1,356,668 4,474 0.30% 2,645,084
12,677 4,182 49% 23,714
4,567,242 0 0 4,567,242
5,397,264 1,758,283 48% 6,557,630
P121,333,044 14,813,208 13.90% P129,425,232

P13,700,190 P2,805,868 25.75% P11,504,669

15,946,927 -572,870 -3.40% 24,456,598
31,749,909 7,963,113 33% 28,796,051
33,220 -88,741 -72.76% 48,063
342,885 53,140 18.30% 243,736
321,939 57,559 21.70% 447,475
3,402,840 869,058 34.29% 4,516,003
65,497,910 11,087,127 20.30% 70,012,595

24,470,708 0 0 24,470,708
80,000 0 0 80,000
5,612,321 0 0 5,612,321
-221,041 0 0 -221,041
25,421,578 3,646,438 16.74% 29,015,356

-2,619 0 0 -2,619
-123,348 -8,106 7% -158,973
361,794 0 0 361,794
 55,600,393 3,639,332 7% 59,157,546
234,741 86,749 58.60% 255,091
55,835,134 3,726,081 7% 59,412,637
P121,333,044 P14,813,208 13.90% P129,425,232
 2016 vs 2015
amount percent

-1,723,355 0
2,330,309 11.90%
-442,164 -1%
-175,566 -48%
0 0
-2,995 -16%
-94,812 -0.30%
-148,599 -0.80%
-94,376 -2.20%
5,983,927 18.70%
1,288,416 94%
11,037 87%
0 0
1,160,366 21%
P8,092,188 0.60%

-2,195,521 -16%
8,509,671 53%
-2,953,858 -93%
14,843 44%
-99,149 -28.90%
125,536 38%
1,113,163 32.71%
4,514,685 6.80%

0 0
0 0
0 0
0 0
3,593,778 14.13%

0 0
-35,625 28.88%
0 0
3,557,153 6.30%
20,350 8.60%
3,577,503 6.40%
P8,092,188 6.60%