Globe Telecom, Inc.

Statements of Total Comprehensive Income

For the years ended December 31, 2019 and 2018
(All amounts in Philippine Peso)

Notes 2019
Revenues
Service revenues 149,009,963
Non-service revenues 17,650,374
34 166,660,337
Income (Losses)
Equity share in net losses of associates and joint ventur 15 -2,554,782
Interest income 23 500,437
Gain on disposal of property and equipment – net 43,012
Gain on fair value of retained interest 15
Other income – net 24 1,047,007
-964,326
Cost and Expenses
General, selling and administrative expenses 25 64,471,409
Depreciation and amortization 26 34,143,541
Cost of inventories sold 9, 34 18,554,814
Interconnect costs 35 3,982,873
Financing costs 27 6,802,861
Impairment and other losses 28 4,913,137
132,868,635
Income Before Income Tax 32,827,376
Provisions for Income Tax
Current 8,488,595
Deffered 2,055,024
30 10,543,619
Net Income 22,283,757
Other Comprehensive Income (Loss)
Items that will be reclassified into profit or loss in subsequent periods:
Transactions
Exchange on cash flow
differences hedges
arising from–translations
net of -1,213,355
foreign investments
Changes in fair value of available-for-sale -106,988
investment in equity securities
22.6 -1,320,343
Item that will not be reclassified into profit or loss in subsequent periods:
Changes in fair value of financial assets at fair value
through other comprehensive income 440,349
Remeasurement gain on defined benefit plan -1,373,043
22.6 -932,694
Total other Comprehensive Income -2,253,037
Total Comprehensive Income 20,030,720

Total net income attributable to:

 Equity holders of the Parent 22,269,340
Non-controlling interest 14,417
22,283,757

Total comprehensive income attributable to:

Equity holders of the Parent 20,016,303
Non-controlling interest 14,417
20,030,720

Earnings Per Share

Basic 31 162.96

Diluted 31 162.2

Cash dividends declared per common share 22.3 91

ve Income
019 and 2018
eso)
Horizontal Analysis Vertical Analysis
Increase (Decrease) % 2019 2018
2018 (D - E) (F/E)

132,875,310 16,134,653 12.1% 100.0% 100.0%

18,297,496 -647,122 -3.5% 11.8% 13.8%
151,172,806 15,487,531 10.2% 111.8% 113.8%

-1,249,603 -1,305,179 104.4% -1.7% -0.9%

391,030 109,407 28.0% 0.3% 0.3%
73,088 -30,076 -41.2% 0.0% 0.1%
0.0%
695,405 351,602 50.6% 0.7% 0.5%
-90,080 -874,246 970.5% -0.6% -0.1%

57,742,131 6,729,278 11.7% 43.3% 43.5%

30,421,721 3,721,820 12.2% 22.9% 22.9%
18,645,314 -90,500 -0.5% 12.5% 14.0%
5,677,375 -1,694,502 -29.8% 2.7% 4.3%
6,195,225 607,636 9.8% 4.6% 4.7%
4,787,644 125,493 2.6% 3.3% 3.6%
123,469,410 9,399,225 7.6% 89.2% 93%
27,613,316 5,214,060 18.9% 22.0% 20.8%

7,259,985 1,228,610 16.9% 5.7% 5.5%

1,727,388 327,636 19.0% 1.4% 1.3%
8,987,373 1,556,246 17.3% 7.1% 6.8%
18,625,943 3,657,814 19.6% 15.0% 14.0%

863,715 -2,077,070 -240.5% -0.8% 0.0%

28,524 -135,512 -475.1% -0.1% 0.7%
-
892,239 -2,212,582 -248.0% -0.9% 0.7%

151,974 288,375 189.8% 0.3% 0.1%

49,709 -1,422,752 -2862.2% -0.9% 0.0%
201,683 -1,134,377 -562.5% -0.6% 0.2%
1,093,922 -3,346,959 -306.0% -1.5% 0.8%
19,719,865 310,855 1.6% 13.4% 14.8%
18,640,740 3,628,600 19.5% 14.9% 14.0%
-14,797 29,214 -197.4% 0.0% 0.0%
18,625,943 3,657,814 19.6% 15.0% 14.0%

19,734,662 281,641 1.4% 13.4% 14.9%

-14,797 29,214 -197.4% 0.0% 0.0%
19,719,865 310,855 1.6% 13.4% 14.8%

135.91

135.4

91