GMA-Annual-Report-2007.Pdf
2 Vision/Purpose/Values 6 Seeding the Future The Chairman’s Message 12 Report on Operations by the EVP and COO 19 Overview of the Business 26 2007 Moments and Milestones 42 Corporate Governance 45 Corporate Social Responsibility 50 2007 Awards 53 Financial Statements 88 Executive Profile 96 Corporate Information and Directory FINANCIAL SUMMARY - CONSOLIDATED INCOME STATEMENT (for the year) 2005 2006 2007 % Change ‘07 vs ‘06 REVENUE 9,850 11,072 12,057 9% REVENUE DEDUCTIONS 1,738 1,839 1,870 2% PRODUCTION COSTS 2,874 3,703 3,851 4% GENERAL & ADMIN EXPENSES 2,309 2,613 3,020 16% SUBTOTAL 6,921 8,155 8,741 7% FINANCE COSTS - NET (21) (25) 49 296% OTHER INCOME 38 122 87 -29% INCOME BEFORE INCOME TAX 2,946 3,014 3,452 15% NET INCOME 2,005 1,962 2,307 18% BALANCE SHEET (at year end) 2005 2006 2007 % Change ‘07 vs ‘06 ASSETS CURRENT ASSETS 4,839 5,646 6,889 22% NONCURRENT ASSETS 4,550 4,588 4,796 5% TOTAL ASSETS 9,389 10,234 11,685 14% LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES CURRENT LIABILITIES 2,747 2,826 2,731 -3% NONCURRENT LIABILITIES 487 485 415 -14% TOTAL LIABILITIES 3,234 3,311 3,146 -5% STOCKHOLDERS’ EQUITY 6,155 6,923 8,539 23% TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 9,389 10,234 11,685 14% 4 2007 GMA Annual Report (Amounts in Million Pesos) 2007 2,307 2006 1,962 2005 2,005 2007 12,057 NET INCOME 2006 11,072 2005 9,850 2007 11,685 REVENUES 2006 10,234 2005 9,389 2007 3,146 TOTAL ASSETS 2006 3,311 2005 3,234 TOTAL LIABILITIES 2007 8,539 2006 6,923 2005 6,155 STOCKHOLDERS’ EQUITY Seeding The Future The Chairman’s Message Dear Fellow Shareholders: It was a very good year for the Philippine economy in and Amortization (EBITDA), which amounted to P4.5 2007.
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