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    7-11 Changes in Equity

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    Michelle Oliva
    This document summarizes the changes in equity for Philippine Seven Corporation and Subsidiaries for 2020 and 2019. In 2020, the company had a net loss of ₱419.7 million and remeasurement loss on retirement obligations of ₱37.1 million, resulting in total comprehensive loss of ₱456.8 million. Cash dividends of ₱331.7 million were also paid, resulting in an overall decrease in retained earnings. Total equity decreased from ₱8.04 billion to ₱7.36 billion. In 2019, the company had net income of ₱1.44 billion but a remeasurement loss on retirement obligations, resulting in total comprehensive income of ₱

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    7-11 Changes in Equity

    Uploaded by

    Michelle Oliva
    43 views2 pages
    This document summarizes the changes in equity for Philippine Seven Corporation and Subsidiaries for 2020 and 2019. In 2020, the company had a net loss of ₱419.7 million and remeasurement loss on retirement obligations of ₱37.1 million, resulting in total comprehensive loss of ₱456.8 million. Cash dividends of ₱331.7 million were also paid, resulting in an overall decrease in retained earnings. Total equity decreased from ₱8.04 billion to ₱7.36 billion. In 2019, the company had net income of ₱1.44 billion but a remeasurement loss on retirement obligations, resulting in total comprehensive income of ₱

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    This document summarizes the changes in equity for Philippine Seven Corporation and Subsidiaries for 2020 and 2019. In 2020, the company had a net loss of ₱419.7 million and remeasurement loss on retirement obligations of ₱37.1 million, resulting in total comprehensive loss of ₱456.8 million. Cash dividends of ₱331.7 million were also paid, resulting in an overall decrease in retained earnings. Total equity decreased from ₱8.04 billion to ₱7.36 billion. In 2019, the company had net income of ₱1.44 billion but a remeasurement loss on retirement obligations, resulting in total comprehensive income of ₱

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    43 views2 pages

    7-11 Changes in Equity

    Uploaded by

    Michelle Oliva
    This document summarizes the changes in equity for Philippine Seven Corporation and Subsidiaries for 2020 and 2019. In 2020, the company had a net loss of ₱419.7 million and remeasurement loss on retirement obligations of ₱37.1 million, resulting in total comprehensive loss of ₱456.8 million. Cash dividends of ₱331.7 million were also paid, resulting in an overall decrease in retained earnings. Total equity decreased from ₱8.04 billion to ₱7.36 billion. In 2019, the company had net income of ₱1.44 billion but a remeasurement loss on retirement obligations, resulting in total comprehensive income of ₱

    Copyright:

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    of 2

    PHILIPPINE SEVEN CORPORATION AND SUBSIDARIES

    CHANGES IN EQUITY (2020)

    Retained Earnings
    Remeasurement
    Additional Gain (Loss) on
    Common Unappropriate Treasury
    Paid-in Appropriated Net Retirement Total Total
    Stock d Stock
    Capital Obligations-net:
    of tax
    Balances of (₱2,933,245
    ₱757,004,532 ₱295,513,057 ₱6,100,000,000 ₱978,334,123 ₱88,451,390 ₱8,040,512,363 ₱8,040,512,363
    January 1, 2020 )

    Net loss - - - (₱419,717,537) - (₱419,717,537) - (₱419,717,537)

    Remeasuremen
    t loss on net
    - - - - (₱37,078,361) (₱37,078,361) - (₱37,078,361)
    retirement
    obligations

    Total
    comprehensive - - - (₱419,717,537) (₱37,078,361) (₱456,795,258) - (₱456,795,258)
    loss

    Cash dividends - - - ₱331,691,111 - (₱226,925,485) - (₱226,925,485)

    Balances of
    ₱7,356,791,22
    December 31, ₱757,004,532 ₱295,513,057 ₱6,100,000,000 ₱911,965,780 ₱125,529,651 (2,933,245) ₱7,356,791,220
    0
    2020
    PHILIPPINE SEVEN CORPORATION AND SUBSIDARIES
    CHANGES IN EQUITY (2019)

    Retained Earnings
    Remeasurement
    Additional Gain (Loss) on
    Common Treasury
    Paid-in Appropriated Unappropriated Net Retirement Total Total
    Stock Stock
    Capital Obligations-net:
    of tax
    Balances of (₱2,923,245
    ₱757,004,532 ₱295,513,057 ₱5,100,000,000 ₱911,955,280 ₱15,189,719 ₱7,077,785,569 ₱7,040,512,363
    January 1, 2019 )

    Net income - - - ₱1,444,573,485 - ₱1,444,573,485 - ₱1,444,573,485

    Remeasuremen
    t loss on net
    - - - - (₱103,640,609) (₱103,640,609) - (₱103,640,609)
    retirement
    obligations

    Total
    comprehensive - - - ₱1,444,573,485 (₱103,640,609) ₱1,340,932,876 - ₱1,340,932,876
    income

    Reversal of
    - - (₱900,000,000) ₱900,000,000 - - - -
    Appropriations

    Appropriations - - ₱1,900,000,000 (₱1,900,000,000) - - - -

    Cash dividends - - - (₱378,209,142) - (₱378,209,142) - (₱378,209,142)

    Balances of
    (₱2,923,245
    December 31, ₱757,004,532 ₱295,513,057 ₱6,100,000,000 (₱978,334),123) (₱88,459,390) ₱8,050,512,303 ₱8,050,512,303
    )
    2019

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