2020

Hotel Corporate

Real Estate Rental Operations and Others Elimination Consolidated

TOTAL REVENUES

Sales to external customers P 24,858,537,303 P12,932,770,278 P 1,482,160,976 P 1,466,834,056 P - P 40,740,302,613

Interest income 1,400,701,643 599,253,561 2,646,996 1,184,963 - 2,003,787,163

Intersegment sales - 467,049,014 - 2,294,445,202 ( 2,761,494,216) -

Total revenues 26,259,238,946 13,999,072,853 1,484,807,972 3,762,464,221 ( 2,761,494,216) 42,744,089,776

RESULTS

Cost of sales and

operating expense

excluding depreciation

and amortization 19,252,024,183 1,745,331,616 1,438,867,811 3,669,211,000 ( 2,606,206,509) 23,499,228,101

Interest expense 1,401,027,748 451,200,603 - 58,857,029 - 1,911,085,380

Depreciation and amortization 306,863,866 2,485,169,230 133,495,376 179,132,761 - 3,104,661,233

20,959,915,797 4,681,701,449 1,572,363,187 3,907,200,790 ( 2,606,206,509) 28,514,974,714

Segment results P 5,299,323,149 P 9,317,371,404 (P 87,555,215)(P 144,736,569)(P 155,287,707) P 14,229,115,062

Unallocated other income 796,788,076

Unallocated other expenses ( 1,019,551,914)

Equity in net earnings

of associates ( 69,879,672 )

Tax expense ( 3,347,906,258 )

Net profit P 10,588,565,294

ASSETS AND LIABILITIES

Segment assets P 235,599,151,575 P114,390,474,604 P 5,117,468,238 P12,913,055,054 P - P 368,020,149,471
Investments in and advances

to associates and other

related parties - net - - - 7,670,270,474 - 7,670,270,474

Total assets P 235,599,151,575 P114,390,474,604 P 5,117,468,238 P20,583,325,528 P - P375,690,419,945

Segment liabilities P 113,607,944,849 P41,276,479,486 P 1,114,130,648 P 7,161,384,765 P - P 163,159,939,748

OTHER SEGMENT INFORMATION

Project and capital expenditures P 27,907,230,441