Professional Documents
Culture Documents
2004
2003
A S S E T S
CURRENT ASSETS
Cash and cash equivalents (Notes 4, 9 and 13)
Marketable equity securities - net (Notes 5, 9 and 18)
Trade and other receivables - net (Notes 6 and 20)
Receivable from a finance lease (Note 23)
Inventories - net (Notes 7, 13 and 20)
Prepayments (Note 8)
Other current assets (Note 12)
TOTAL ASSETS
21,012,102
6,344,082
20,761,621
943,333
60,150,316
8,415,315
2,745,500
22,647,248
5,587,082
27,789,760
74,170,968
10,147,031
8,919,455
120,372,269
149,261,544
179,863,915
78,354,977
4,716,667
4,325,321
83,462,132
2,050,000
12,537,494
30,547,028
178,201,394
75,955,147
5,998,512
80,331,153
3,900,000
10,584,259
30,674,685
395,857,534
385,645,150
516,229,803
534,906,694
16,652,700
57,984,652
4,210,321
14,012,101
19,339,333
56,922,913
1,543,182
15,008,012
(
(
92,813,440
55,000,000
175,461,521
2,150,120
577,043
42,000,000
215,945,513
2,064,500
1,452,333
233,188,684
261,462,346
326,048,458
354,275,786
125,250,000
7,005,000
1,000,000 )
125,250,000
7,005,000
1,000,000 )
3,000,000 )
61,926,345
(
(
2,757,000 )
52,132,908
190,181,345
Total Equity
92,859,774
516,229,803
180,630,908
534,906,694
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2003
2004
REVENUES
Sale of goods
Rendering of services
Other revenues (Notes 5, 15, 18 and 20)
2003
135,465,216
13,334,605
1,022,150
149,821,971
148,977,477
67,732,608
9,274,715
13,751,232
5,462,132
4,201,301
2,000,000
1,200,000
9,865,562
62,717,599
8,900,880
12,732,391
7,954,301
3,864,104
2,500,000
2,000,000
13,947,020
113,487,550
114,616,295
36,334,421
34,361,182
7,221,523 )
8,575,291 )
4,512,351
(
136,496,841
9,363,542
3,117,094
2,709,172 )
3,478,146
(
5,097,145 )
33,625,249
29,264,037
10,277,212
11,031,254
NET INCOME
23,348,037
18,232,783
2004
2003
125,250,000
-
125,250,000
125,250,000
7,005,000
3,750,000
3,255,000
7,005,000
7,005,000
1,000,000 )
(
(
800,000 )
200,000 )
1,000,000 )
1,000,000 )
(
(
2,757,000 )
243,000 )
(
(
1,875,000 )
882,000 )
3,000,000 )
2,757,000 )
100,000,000
25,250,000
52,132,908
52,132,908
13,554,600 )
23,348,037
51,189,888
(
4,946,769 )
46,243,119
12,342,994 )
18,232,783
61,926,345
52,132,908
TOTAL EQUITY
190,181,345
180,630,908
243,000
882,000
If there are only few details, show on the face of the statement the number of authorized, issued, and subscribed shares and par value.
2004
CASH FLOWS FROM OPERATING ACTIVITIES
Income before tax
Adjustments for:
Depreciation and amortization
Amortization of intangible assets
Unrealized foreign currency losses
Impairment losses
Equity in net income of subsidiaries,
associate and joint venture
Interest expense
Dividend income
Interest income
Operating income before working capital changes
Decrease (increase) in marketable equity securities
Decrease in trade and other receivables
Decrease (increase) in inventories
Decrease (Increase) in prepayments
Decrease in other current assets
Increase (decrease) in trade and other payables
Increase (decrease) in other liabilities
Decrease in provisions
Cash generated from operations
Interest paid
Cash paid for income taxes
33,625,249
12,013,461
1,850,000
1,230,125
1,200,000
(
(
(
(
(
(
(
(
(
4,512,351 )
7,221,523
450,000 )
572,150 )
51,605,857
757,000 )
6,069,149
14,020,652
211,596
7,847,146
809,771 )
875,290 )
910,291 )
76,402,048
6,930,013 )
8,043,188 )
29,264,037
10,794,626
1,850,000
5,403,286
2,000,000
(
(
(
(
(
(
(
(
(
61,428,847
2003
3,478,146 )
8,575,291
450,000 )
462,094 )
53,497,000
22,356,572
2,669,038
1,620,479 )
348,773 )
426,746
4,338,493 )
560,088
247,150 )
72,954,549
1,300,750 )
8,777,357 )
62,876,442
(
(
15,012,000
301,015
127,657
450,000
20,424,440 )
14,805,000 )
(
(
24,587,500
1,530,784 )
787,094
13,906,020
400,000
108,461
9,437,826 )
67,775,758 )
19,338,768 )
38,955,293 )
-22004
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from additional borrowings
Additional borrowings from related parties
Proceeds from the issuance of shares of stock
Treasury shares acquired
Repayment of amounts due to related parties
Cash dividends paid
Borrowing repayments
Net Cash Used in Financing Activities
NET INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS
2003
(
(
(
50,413,367
15,642,130
56,126,122 )
13,554,600 )
40,100,000 )
(
(
(
(
27,600,000
25,411,560
28,505,000
200,000 )
36,197,019 )
12,342,994 )
39,631,829 )
43,725,225 )
6,855,282 )
1,635,146 )
17,065,867
22,647,248
21,012,102
5,581,381
22,647,248