CLN COMPANY

COMPARATIVE STATEMENTS OF FINANCIAL POSITION

AS OF DECEMBER 31
Assets

Fiscal year is January-

PESO VALUE PERCENTAGE
December. All values 2014 2015
CHANGE VALUE
SGD millions.

Cash & Short Term Investments

19,380,000 15,600,000 -3,780,000 -19.50%

Cash Only 19,380,000 15,600,000 -3,780,000 -19.50%

Total Short-Term
- -
Investments

Short-Term Receivables 26,090,000 33,850,000 7,760,000 29.74%

Investment Securities - -
Securities in Custody - -

Other Investments 100,000 400,000 300,000 300.00%

Net Property, Plant &
1,080,000 2,140,000 1,060,000 98.15%
Equipment
Other Assets
(Including 103,530,000 103,190,000 -340,000 -0.33%
Intangibles)
Other Assets 347,170 939,850 592,680 170.72%
Intangible Assets 103,180,000 102,250,000 -930,000 -0.90%

Total Assets ### ### 4,470,000 2.98%

Liabilities & Shareholders' Equity

2014 2015
Total Debt 21,000,000 37,000,000 16,000,000 76.19%
ST
Debt &
Current 500,000 6,000,000 5,500,000 1100.00%
Portion
LT Debt
T
e
r 500,000 6,000,000 5,500,000 1100.00%
m
 Long-
Term 20,500,000 31,000,000 10,500,000 51.22%
Debt
.
C
a
20,500,000 31,000,000 10,500,000 51.22%
p
it
al
Deferred Taxes 5,110,000 5,140,000 30,000 0.59%
Other Liabilities 44,570,000 49,520,000 4,950,000 11.11%
Liabiliti
es
(excl.
43,210,000 47,820,000 4,610,000 10.67%
Deferre
d
Income
Total Liabilities 70,680,000 91,650,000 20,970,000 29.67%

Common Equity (Total)

79,500,000 63,000,000 -16,500,000 -20.75%
Comm
on
Stock
70,700,000 70,700,000 0 0.00%
Par/Car
ry
Retaine
Value
d
8,810,000 -7,700,000 -16,510,000 -187.40%
Earning
ative
s
Transla
tion
Adjust
-12,684 -259 12,425 -97.96%
ment/U
nrealiz
ed For.
Exch.

Total Shareholders' Equity

79,500,000 63,000,000 -16,500,000 -20.75%

Total Equity 79,500,000 63,000,000 -16,500,000 -20.75%

Liabilities &
Shareholders' ### ### 4,470,000 2.98%
Equity
HORIZONTAL ANALYSIS:
 CLN COMPANY
COMPARATIVE STATEMENTS OF FINANCIAL POSITION
AS OF DECEMBER 31
Assets

Fiscal year is January-

December. All values SGD 2014 2015
millions.
Cash & Short Term Investments 19,380,000 12.90% 15,600,000 10.09%
Cash Only 19,380,000 12.90% 15,600,000 10.09%
Total Short-Term Investments - -
Short-Term Receivables 26,090,000 17.37% 33,850,000 21.89%
Investment Securities - -

Securities in Custody - -

Other Investments 100,000 0.07% 400,000 0.26%

Net Property, Plant & 1,080,000 0.72% 2,140,000 1.38%
Equipment
Other Assets (Including 103,530,000 100.34% 103,190,000 66.72%
Intangibles)
Other Assets 347,170 0.34% 939,850 0.61%
Intangible Assets 103,180,000 68.70% 102,250,000 66.12%
Total Assets 150,180,000 100.00% ### 100.00%
Liabilities & Shareholders' Equity
2014 2015
Total Debt 21,000,000 13.98% 37,000,000 23.92%
Total Debt 500,000 0.33% 6,000,000 3.88%
Short Term Debt 500,000 0.33% 6,000,000 3.88%
Long-Term Debt 20,500,000 13.65% 31,000,000 20.05%
LT Debt excl. Capitalized 20,500,000 13.65% 31,000,000 20.05%
Leases
Deferred Taxes 5,110,000 3.40% 5,140,000 3.32%
Other Liabilities 44,570,000 29.68% 49,520,000 32.02%
Other Liabilities (excl. 28.77% 30.92%
43,210,000 47,820,000
Deferred Income)
Total Liabilities 70,680,000 47.06% 91,650,000 59.26%
Common Equity (Total) 79,500,000 52.94% 63,000,000 40.74%
Common Stock Par/Carry 70,700,000 47.08% 70,700,000 45.72%
Value
Retained Earnings 8,810,000 5.87% -7,700,000 -4.98%
Cumulative Translation
Adjustment/Unrealized For. -12,684 -0.01% -259 0.00%
Exch. Gain
Total Shareholders' Equity 79,500,000 52.94% 63,000,000 40.74%
Total Equity 79,500,000 52.94% 63,000,000 40.74%
Liabilities & Shareholders' 100.00% 100.00%
150,180,000 154,650,000
Equity