DOCSLIB.ORG

ABS-CBN Broadcasting Corporation) and SUBSIDIARIES NOTES to CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Thousands Unless Otherwise Specified)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ABS-CBN Broadcasting Corporation) and SUBSIDIARIES NOTES to CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Thousands Unless Otherwise Specified) ABS-CBN Corporation Sgt. Esguerra Avenue, Quezon City, Philippines 17 May 2011 Philippine Stock Exchange, Inc. Attn: Ms. Janet A. Encarnacion Head, Disclosure Department 3rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue, Makati City Subject: Revised 17Q Gentlemen / Ladies: We are sending an amended SEC Form 17-Q for the first quarter 2011 with the following changes in the notes to the financial statements: (1) Exchanged the location of the financial statements and the notes to the financial statements in the filing we initially sent. (2) Included the disclosure on Note (3)(f) to the disclosure on material events under Note (18)(g). (3) Changed the a date from September 30, 2010 to March 31, 2011 & removed a sentence in Note (18)(d) paragraph 6. (4) Changed in the title of Note (29) from 2010 to 2011. Thank you. Very truly yours, Paul Michael V. Villanueva, Jr. Compliance Officer for Corporate Governance COVER SHEET 17 May 2011 1 8 0 3 SEC Registration Number A B S - C B N C O R P O R A T I O N A N D S U B S I D I A R I E S (Company’s Full Name) A B S - C B N B R O A D C A S T C E N T E R S G T . E S G U E R R A A V E . C O R N E R M O . I G N A C I A S T . Q U E Z O N C I T Y (Business Address: No. Street City/Town/Province) Rolando P. Valdueza 415-2272 (Contact Person) (Company Telephone Number) 1 2 3 1 1 7 - Q 0 6 1 6 Month Day (Form Type) Month Day (Fiscal Year) (Annual Meeting) (Secondary License Type, If Applicable) Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings 6,179 P9.6 Billion $1 million As of Apr 30, 2011 Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document ID Cashier S T A M P S Remarks: Please use BLACK ink for scanning purposes. ABS-CBN CORPORATION SEC FORM 17-Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(b)(2) THEREUNDER 1. For the quarter ended March 31, 2011 2. SEC Identification No. 1803 3. BIR Tax Identification No. VAT 000-406-761-000 4. Exact name of registrant as specified in its charter: ABS-CBN CORPORATION 5. Philippines 6. (SEC Use Only) Province, Country or other jurisdiction Industry Classification Code of incorporation or organization 7. ABS-CBN Broadcasting Center, Sgt. Esguerra Avenue corner Mo. Ignacia St., Diliman, Quezon City, Metro Manila, 1103 Address of principal office 8. (632) 924-41-01 up to 22 / 415-22-72 Issuer’s telephone number, including area code 9. Not Applicable Former name, address, and fiscal year, if changed since last report 10. Securities registered pursuant to Sections 8 and 12 of the SRC, or Sec. 4 and 8 of the RSA: Number of Shares of Common Stock Outstanding Title of Each Class &/or Amount of Debt Outstanding Common Stock, P 1 par value 779,584,602 shares Short-term & Long-term debt (current & non-current) P 12,721 million 11. Are any or all of the securities listed on a Stock Exchange? Yes [x] No [ ] If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange Class A 12. Check whether the issuer: (a) has filed all reports required to be filed by Section 17 of the SRC & SRC Rule 17 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports); Yes [x] No [ ] (b) has been subject to such filing requirements for the past ninety (90) days. Yes [x] No [ ] TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item 1 Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 2 Financial Statements Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Comprehensive Income Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flows Notes to Financial Statements PART II – OTHER FINANCIAL INFORMATION Exhibit 1 Business Segment & Geographical Segment Results Exhibit 2 Aging of Accounts Receivable Exhibit 3 Roll-forward PPE SIGNATURES MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE FIRST QUARTER OF 2011 For the first three months of the year ending March 31, 2011, ABS-CBN Corporation (“ABS-CBN” or the “Company”) generated consolidated revenues of P6.56 billion from advertising and consumer sales, P1.19 billion or 15% lower year-on-year. Minus the revenues of P1.40 billion from political advocacies and political advertisement in quarter of 2010, consolidated revenues increased by 3% year-on-year. Overall, the contribution share of both advertising revenues and consumer sales to consolidated revenues remain robust in the absence of political advocacies and political advertisement. Advertising revenues contributed 61% of total consolidated revenues while consumer sales made up the balance of 39%. Total expense in the first quarter of 2011 was at P4.72 billion, or a 13% decline year-on-year. Reported net income was at P976 million for the first three months of 2011, inclusive of the P674 million gain in sale of Sky Cable Philippine Depositary Receipts (PDRs), a 10% decline year-on-year. Removing the effects of this one-time gain in the first quarter of 2011 and P1.40 billion revenues generated from political advocacies and political advertisement in the first quarter of 2010, net income would have increased by 12% year-on-year. Reported EBITDA hit P2.10 billion in the first quarter of 2011, or a 14% decline year-on-year. Stripping the one-time gain in the first quarter of 2011 and equally shaving the P1.40 billion revenues generated from political advocacies and political advertisement in the first quarter of 2010, EBITDA would have grown by 6% year-on-year. Consolidated Revenues For the three months ending March 31, 2011, ABS-CBN generated consolidated revenues of P6.56 billion from advertising revenues and consumer sales, P1.19 billion or 15% lower year-on-year. Minus the revenues of P1.40 billion from political advocacies and political advertisement in the first quarter of 2010, consolidated revenues increase by 3% year-on-year. With the absence of election-related advertising revenues in 2011, the contribution of consumer sales to total revenues is higher at 39% from 35% a year ago. Consolidated Revenues Consolidated (Amounts in million Pesos) Variance 1Q11 1Q10 Amount % Consolidated Advertising Revenues 4,012 5,058 (1,046) (21) Consumer Sales Sale of Services 2,435 2,581 (146) (6) Sale of Goods 112 113 (1) (1) Consolidated Consumer Sales 2,547 2,694 (147) (5) Consolidated Revenues 6,559 7,752 (1,193) (15) Political Advocacies/Political Advertisements - 1,407 (1,407) (100) Consolidated Revenues Net of Political Advocacies/ Political Advertisements 6,559 6,345 214 3 Advertising Revenues Consolidated advertising revenues across all platforms and subsidiaries declined by 21% to P4.01 billion. Minus the revenues of P1.40 billion from political advocacies and political advertisement in the first quarter of 2010, however, advertising revenues increase by 10% year-on-year. This increase is attributable to both the increase in total advertising minutes sold and the rate adjustment that took effect in February this year. Total advertising minutes sold by Channel 2 for the first three months of the year grew 12%. Underpinning the growth in advertising is the continued ability of Channel 2 to deliver solid national program ratings and audience shares. ABS-CBN maintained its national audience share and ratings leadership with prime-time audience share averaging 41% in the first quarter of 2011, with a 10 percentage point lead over GMA’s, based on the Kantar National TV Ratings figure. For the period January to March 2011, all six of the company’s primetime week-day shows were in the Top 6: Emil Cruz Jr.'s Mara Clara, Pablo S. Gomez's Mutya, Minsan Lang Kita Iibigin, Noah, TV Patrol and Imortal. The same trend was repeated in the week-end where the company’s primetime week-end shows also dominated the top programs: Pilipinas Got Talent (Saturday and Sunday edition), Wansapanataym : Ulo, Kokak, Family Tree, and Buhawi Jack, Maalaala Mo Kaya..., Rated K Handa Na Ba Kayo?, and Goin' Bulilit Primetime programs launched in the first quarter of 2011—Mutya and Pilipinas Got Talent—enjoyed national program ratings in the 30s, and audience share in the high 40s. Consumer Sales Consumer sales for the first quarter amounted to P2.55 billion, or a 5% decline year-on-year. Consumer Sales Consolidated (Amounts in million Pesos) Variance 1Q11 1Q10 Amount % ABS-CBN Global 1,124 1,319 (195) (15) Sky Cable 1,031 972 59 6 Other subsidiaries 392 403 (11) (3) Consolidated Consumer Sales 2,547 2,694 (147) (5) ABS-CBN Global’s revenues declined year-on-year by 15% in peso terms or 11% in US dollar terms. The stronger decline in peso terms was due to 5% or P2.20 appreciation of the Philippine peso exchange rate against the US dollar, from P45.99 in the first quarter of 2010 down to P43.79 in the first quarter this year. ABS-CBN Global’s overall viewer count declined by 3% year-on-year to an estimated 2.38 million at the end of March 2011, driven by the decline in subscriber growth in the Middle East, Europe and Japan.
Load more

Recommended publications
  • Philippine Humanities Review, Vol. 13, No
    The Politics of Naming a Movement: Independent Cinema According to the Cinemalaya Congress (2005-2010) PATRICK F. CAMPOS Philippine Humanities Review, Vol. 13, No. 2, December 2011, pp. 76- 110 ISSN 0031-7802 © 2011 University of the Philippines 76 THE POLITICS OF NAMING A MOVEMENT: INDEPENDENT CINEMA ACCORDING TO THE CINEMALAYA CONGRESS (2005-2010) PATRICK F. CAMPOS Much has been said and written about contemporary “indie” cinema in the Philippines. But what/who is “indie”? The catchphrase has been so frequently used to mean many and sometimes disparate ideas that it has become a confusing and, arguably, useless term. The paper attempts to problematize how the term “indie” has been used and defined by critics and commentators in the context of the Cinemalaya Film Congress, which is one of the important venues for articulating and evaluating the notion of “independence” in Philippine cinema. The congress is one of the components of the Cinemalaya Independent Film Festival, whose founding coincides with and is partly responsible for the increase in production of full-length digital films since 2005. This paper examines the politics of naming the contemporary indie movement which I will discuss based on the transcripts of the congress proceedings and my firsthand experience as a rapporteur (2007- 2009) and panelist (2010) in the congress. Panel reports and final recommendations from 2005 to 2010 will be assessed vis-a-vis the indie films selected for the Cinemalaya competition and exhibition during the same period and the different critical frameworks which panelists have espoused and written about outside the congress proper. Ultimately, by following a number PHILIPPINE HUMANITIES REVIEW 77 of key and recurring ideas, the paper looks at the key conceptions of independent cinema proffered by panelists and participants.
    [Show full text]
  • September 2017 Asian Eye Covers All Bases
    SEPTEMBER 2017 www.lopezlink.ph Out in full force for WTT@11! Story on page 10. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Asian Eye covers all bases AS the country observed Sight Saving Month in August, a news report placed the number of bilaterally blind Filipinos at more than 330,000, with cataracts, errors of refraction (EOR) and glaucoma as the leading causes of blindness. Bilateral low vision due to EOR and cataract is more prevalent, with more than 2 million Filipino sufferers. Turn to page 6 1H financials: RNIs Alisa de los Reyes, Grand …page 2 …page 12 stable …pagesocial 9 worker gestures Lopezlink September 2017 Lopezlink September 2017 Biz News JANUARY TO JUNE 2017 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) Total revenues Net income attributable to equity First Gen recurring net income holders of the parent company First Gen-PREHC PLP remembered 2016 2017 % change 2016 2017 % change slightly lower at $84M FIRST Gen Corporation re- ty increased to $851 million for tal consolidated revenues (see tender offer agreement ABS-CBN P20.990B P19.344B -8 P2.273B P1.455B -36 ported recurring net income the first half of 2017 compared related story). By Joel Gaborni EDC P17.005B P17.747B +4 P4.923B P4.615B -6 at midyear review attributable to equity holders to $804 million for the same The 132-MW Pantabangan- By Carla Paras-Sison First Gen $804.311M $850.935M +6 $113.009M $57.993M -49 of the parent of $84 million for period last year. Masiway hydroelectric plants’ FPH P44.142B P51.482B +17 P3.512B P2.516B -28 the first semester of 2017.
    [Show full text]
  • COVER SHEET for AUDITED FINANCIAL STATEMENTS SEC Registration Number 1 8 0 3 Company Name A
    COVER SHEET FOR AUDITED FINANCIAL STATEMENTS SEC Registration Number 1 8 0 3 Company Name A B S - C B N C O R P O R A T I O N A N D S U B S I D I A R I E S Principal Office (No./Street/Barangay/City/Town/Province) A B S - C B N B r o a d c a s t i n g C e n t e r , S g t . E s g u e r r a A v e n u e c o r n e r M o t h e r I g n a c i a S t . Q u e z o n C i t y Form Type Department requiring the Secondary License Type, If report Applicable A A F S COMPANY INFORMATION Company’s Email Address Company’s Telephone Mobile Number Number/s [email protected] (632) 3415-2272 ─ Annual Meeting Fiscal Year No. of Stockholders Month/Day Month/Day 7,985 09/24 December 31 CONTACT PERSON INFORMATION The designated contact person MUST be an Officer of the Corporation Name of Contact Person Email Address Telephone Mobile Number Number/s Ricardo B. Tan Jr. [email protected] (632) 3415-2272 ─ Contact Person’s Address ABS-CBN Broadcast Center, Sgt. Esguerra Avenue corner Mother Ignacia St. Quezon City Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.
    [Show full text]
  • Ar-2004 Pdf Comp
    abs-cbn annual report 2004 1 2 abs-cbn annual report 2004 abs-cbn annual report 2004 3 4 abs-cbn annual report 2004 abs-cbnabs-cbn annual annual report report 2004 2004 55 6 abs-cbn annual report 2004 abs-cbn annual report 2004 7 8 abs-cbn annual report 2004 abs-cbn annual report 2004 9 10 abs-cbn annual report 2004 abs-cbn annual report 2004 11 12 abs-cbn annual report 2004 abs-cbn annual report 2004 13 14 abs-cbn annual report 2004 abs-cbn annual report 2004 15 16 abs-cbn annual report 2004 abs-cbn annual report 2004 17 18 abs-cbn annual report 2004 abs-cbnabs-cbn annual annual report report 2004 20041919 ABS-CBN BROADCASTING CORPORATION AND SUBSIDIARIES BALANCE SHEETS (Amounts in Thousands) Parent Company Consolidated December 31 2003 2003 (As restated - (As restated - 2004 Note 2) 2004 Note 2) ASSETS Current Assets Cash and cash equivalents (Note 4) $356,772 $803,202 $1,291,557 $1,580,355 Receivables - net (Notes 5, 7 and 12) 2,181,412 2,338,136 3,757,824 3,789,278 Current portion of program rights (Note 9) 490,685 566,992 872,983 880,975 Other current assets - net (Note 6) 296,182 193,317 629,426 508,681 Total Current Assets 3,325,051 3,901,647 6,551,790 6,759,289 Noncurrent Assets Due from related parties (Notes 7 and 12) 159,741 150,894 262,435 273,303 Investments and advances (Notes 5, 7, 9, 12 and 15) 3,622,061 3,417,545 239,962 342,111 Noncurrent receivables from Sky Vision (Note 7) 1,800,428 – 1,800,428 – Property and equipment at cost - net (Notes 8, 12, 13 and 14) 10,250,015 10,580,136 10,650,285 10,909,767 Program rights
    [Show full text]
  • FY 2017 Investors' Briefing
    FY 2017 Investors’ Briefing Financial and Operating Results March 23, 2018 Business Segments Media Networks & Studio Entertainment Cable, Satellite & Broadband - Entertainment - News - Global - Pay TV (Cable & - Film & Music Satellite) - Radio - DTT - Broadband - Sports - Cable channels - Publishing Digital & Interactive Media Consumer Products & Experiences - Online - Mobile - Live events - Over-the-Top - Themepark - Home shopping - ABS-CBN store - Licensing & merchandising Consolidated FY 2017 Financial Results (In millions Php) Revenue EBITDA Net Income + 9% - 2% + 39% 41,631 + 24% 40,698 - 2% - 10% 3,525 38,278 9,853 9,626 3,164 7,940 2,545 2015 2016 2017 2015 2016 2017 2015 2016 2017 Margins 21% 24% 24% 7% 8% 8% Net income attributable to Equity Holders of the Parent is P3.3B for 2017 Consolidated FY 2017 Revenue BY REVENUE CATEGORY BY GEOGRAPHICAL LOCATION 41,631 41,631 40,698 40,698 38,278 38,278 6,007 14% 6,217 15% 6,062 15,996 38% 16% 16,902 42% 15,349 40% 1,984 5% 1,664 4% 2,697 6% 35,623 86% 34,481 85% 32,216 84% 23,650 57% 21,265 56% 21,098 52% 2015 2016 2017 2015 2016 2017 Advertising TV Plus - Sales Consumer Domestic International Consolidated FY 2017 Costs and Expenses 36,690 + 6% 36,572 - % 34,686 12,012 + 5% 11,834 - 2% 11,434 10,033 10,124 + 1% 9,467 + 6% 1,664 1,984 + 19% 2,697 + 36% 12,121 12,661 + 4% 11,917 - 6% 2015 2016 2017 GAEX TV Plus - COS Cost of Sales Production Cost Consolidated FY 2017 Segment Report Operating Revenue Net Income NI Attributable to Parent Segment 2016 2017 2016 2017 2016 2017 Media Networks & Studio Entertainment 31,315 29,465 4,108 3,564 4,267 3,642 Margin 13% 12% 14% 12% Cable, Satellite & Broadband 8,761 9,124 70 123 40 86 Margin 1% 1% 0% 1% Digital & Interactive Media 671 1,220 (634) (441) (428) (327) Consumer Products & Experiences 883 889 (19) (82) 6 (67) Totals 41,631 40,698 3,525 3,164 3,885 3,334 Digital Terrestrial Television Boxes Sold 17 Sites Nationwide • Luzon 2,010 1.
    [Show full text]
  • 'Tito Roby'…Page 9 ABS-CBN Lauded at CG Training…
    NOVEMBER 2018 www.lopezlink.ph Story on page 2. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Innovators take the spotlight at LAA 2018 IN Negros Oriental, slash-and-burn farmers become protectors of the forests they used to mindlessly burn. In Marawi, journalists uncover the stories of a people isolated and displaced by armed conflict. In Leyte, typhoon victims transform from jobless into members of an empowered community who run their own businesses and are able to send their children to school. Turn to page 6 Social worker ABS-CBN lauded at The Rockwellist: …page 3 gives back for Beauty’s best CG training …page 12 ‘Tito Roby’…page 9 Lopezlink November 2018 Biz News Lopezlink November 2018 With built-in apps, PVR, companion app and more ABS-CBN lauded at corporate SKY upgrades PH cable TV viewing Climate change with new SKY On Demand box governance training By Carla Paras-Sison SKY gives cable TV viewing Tube, and SKY On Demand, digital era, making it a relevant ABS-CBN Corporation was Transpar- in the country a boost as it its online streaming service ex- product in Filipino homes. lauded by former deputy priva- ent is the enemy launches its all-new SKY On clusive to SKY subscribers. “Online viewing is gaining cy commissioner Dondi Mapa M a p a By Carla Paras-Sison Demand box that promises to The SKY On Demand box also ground in the Philippines given at the corporate governance said being inability of the delayed central bank action on in- give Filipino families a better promises convenience for sub- the growing internet penetra- training held for directors and transparent country to link terest rates to ease exchange rate TV viewing experience.
    [Show full text]
  • 40368512.Pdf
    Msgr. Gutierrez Elections 2010 Ogie Cruz All Saints’ Day: Get Out Pinakamagaling na Zacchaeus: from sin to aktres sa lahat ng repentance. ...p. 15 and Vote! panahon... p. 22 October 29 - November 4, 2010 Japan’s Itochu invests $120M in Isabela ethanolItochu Corp. plant of Japan is investing $120 million in an PROMISED LAND ethanol plant in San Mariano, Veritas taps Smart for e-trading Isabela, which is expected to become the Philippines’ biggest project to benefit urban poor and the only integrated biofuel plant by 2012. A Gift from Heaven The project would be under- “Hulog siya ng langit sa taken by Green Future Innova- atin (She’s a gift from tions Inc. (GFII), a joint venture of Itochu, another Japanese firm heaven),” she told her hus- JGC Corp., the Philippine Bio- band who was still with- ethanol and Energy Investments holding judgment until Corp., and Taiwanese holding the final ruling. But in her firm GCO. heart, Ditas was already Under the plan, the joint convinced Mikaela was Shown in the photo during the MOA-signing ceremony held recently (from left to right) are: Perry V. Bayani, Marketing Group Head for Talk her daughter. Like she had ‘N Text; Orlando B. Vea, SMART Chief Wireless Advisor; Manuel V. Pan- said, Ditas believed she’s a gilinan, PLDT and Smart Chairman; Fr. Benigno P. Beltran, SVD, Chair- gift from heaven, granted man and CEO of Veritas; Carlos Palad, COO of Veritas; Girlie Santos, Environment Planner for Veritas. through the intercession of her deceased father. This Residents of Tondo may of Smokey Mountain and was why she even bore his soon enjoy the benefits of Tondo, will use Smart’s name, “Miguel” which is buying and selling goods communication and e-com- the Spanish and male ver- over the internet through merce solutions to support sion of “Mikaela”.
    [Show full text]
  • Oscar M. Lopez: for Love of Nature a Tribute and Book Launch at the Rockwell Tent
    AUGUST 2012 www.lopezlink.ph Happy birthday, EL3! ABS-CBN chairman Gabby Lopez sounds off on the values-driven business. See story on page 9. Oscar M. Lopez: For Love of Nature A tribute and book launch at the Rockwell Tent. See story on page 2. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph How SKY got its growth back IMAGINE what you can do with cable TV that you can tweak according to the state of your pocket or the schedule of Iker’s games—fringe benefits that would have been unthink- able just four years ago. “That’s one of our success stories. When we take it out, we can’t do all of those,” Rodrigo Montinola muses. Turn to page 6 The rise of 205 Who made it to Santolan by the top 20 in ‘X Healthy is the new wealthy …page 12 Rockwell …page 3 Factor’? …page 4 Lopezlink August 2012 BIZ NEWS NEWS Lopezlink August 2012 Raffy Lopez wins Book launch, tribute to 205 Santolan by Rockwell ‘Gawad’ Geny Lopez Jr. honors CEO EXCEL Award OML slated for August 2 The highest standards in modern-day Filipino heroes A barrio doctor who devot- Pilipino-Guro award to recog- Kapit-Bahayan Cooperative ABS-CBN Global Ltd. chief business leaders who use excel- (OML) is Department of Envi- and the flora and fauna thriving a low-rise development ed his life to medical service, nize her 41 years of teaching, Limited (Australia), Sagip operations officer Raffy L. lent communication as a busi- a teacher who worked beyond which she spent on promoting Migrante (Japan), Network of ronment and Natural Resources in First Gen’s sites across the ROCKWELL Land goes joy an extraordinary residence.
    [Show full text]
  • JM De Guzman Vows to Do Better This Time As He Headlines a Soap Opera with Neophyte Leading Lady Barbie Imperial #Insideshowbizlovesjuanbie
    MARCH 10 - 16, 2018 ISSUE EXCLUSIVE TELL-ALL INTERVIEW! “Kinakabahan ako kasi I was given another chance and they trusted me again” THE COMEBACK JM de Guzman vows to do better this time as he headlines a soap opera with neophyte leading lady Barbie Imperial #InsideShowbizLovesJuanBie JENICA MAGQUILAT EDITOR ANGELU ZAFE WEB CONTENT WRITER ART NICOLE VILLARUEL, BRIA CARDENAS MULTIMEDIA ARTISTS DENNIS FLORORITA FINAL ARTIST SPECIAL PROJECTS MARGA TUPAZ HEAD RED DE LEON ASSOCIATE CREATIVE DIRECTOR MARA MADRID, CHARLENE TY, ANDREA LAM, ANGELI MANABAT, LOUISE SICAT COPYWRITERS DEN FAJARDO, ALEXA MANLANGIT GRAPHIC ARTISTS BETTINA DE LOS REYES, JOSHUA ARGOSINO, CARMINA AGLIPAY MULTIMEDIA ARTISTS CONTRIBUTOR JERICK SANCHEZ PHOTOGRAPHER ROSY MINA WRITER ERICA LUNA EDITORIAL ADMIN ASSOCIATE SUKI SALVADOR VICE-PRESIDENT — MAGAZINE & PRINT BUSINESS ARCHIE CARRASCO EXECUTIVE VICE PRESIDENT AND PUBLISHER FOUNDER & CEO SARI YAP CHAIRMAN J. TIU FOUNDING CREATIVE DIRECTOR LORRAINE BELMONTE MAKING WAVES The right time has come for JM de Guzman and Barbie Imperial as they embark on their biggest break in showbiz to date It is a picture-perfect afternoon. The seawater is tranquil. The sun is not so punishing. The clouds are like light strokes painted on the bright blue sky. Everything is calm. More so are the people at the beach location. In the midst of a whole-day taping, the crew and cast seem to be relaxed. It is a laidback set and its leading man is just as chill. JM de Guzman enters the scene, a picture of calm and composure with his deep-set eyes and gentle demeanor. Yet, he admits to feeling a little bit uneasy lately.
    [Show full text]
  • ABS-CBN Broadcasting Corporation Sgt
    ABS-CBN Broadcasting Corporation Sgt. Esguerra Avenue, Quezon City, Philippines April 19, 2010 Philippine Stock Exchange, Inc. Exchange Road, Ortigas Center Pasig City Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Dear Ms. Encarnacion, We hereby submit to the Philippine Stock Exchange (PSE) the Definitive Information Statement of ABS- CBN Broadcasting Corporation (ABS-CBN or the Company). Based on the Securities and Exchange Commission’s (SEC) letter dated April 16, 2010, which provided a list of prescribed amendments to the Preliminary Information Statement the Company submitted to the SEC and the PSE last April 13, 2010, we made the following revisions: 1. Updated to March 31, 2010 the following information: a. Number of Shares Outstanding on page 7. b. Security Ownership of Certain Record and Beneficial Owners of more than 5% on page 7. c. Security Ownership of Directors and Management on page 8. d. List of Directors and Executive Officers on pages 9 to 18. e. Top 20 Shareholders on page 50. 2. Disclosure of any relationship of Mr. Oscar M. Lopez with any of the nominees for Independent Director on page 9. 3. Compliance with the five year rotation requirement of external auditor on page 20. 4. Brief reason(s) for and the general effect of the proposed amendment of the Company’s Articles of Incorporation on page 22. 5. Submission of 1st Quarter 2010 report on page 42. 6. Share price information as of the latest practicable trading date (April 19, 2010) on page 49. 7. Disclosure on dividend policy and restrictions on page 49. Thank you.
    [Show full text]
  • I Ntroducing...​EL4 A​Sharing​Of​ Expertise@ABS
    MARCH 2017 www.lopezlink.ph Walk​the​Talk​goes​east! Story on page 10. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph SKY: More ‘WOW SUMMERat is coming and forSAYA’ some families, it comes with leisurely staycations at home orin exciting road trips to exotic2017! destinations. Bonding with the family while watching favorite movies and shows—whether on TV or via gadgets—passes the time enjoyably during this sizzling season. And with SKY’s powerful service offerings—One SKY and SKYdirect—summer fun is guaranteed. Turn to page 6 A​sharing​of​ Markdowns​ expertise@ABS- ​Introducing...​EL4 …page 9 and​magic! CBN’s​PMC​11…page 2 …page 12 Lopezlink March 2017 Biz​News Lopezlink March 2017 EDC attributable recurring Sec. GL@DENR Protect Wildlife ABS-CBN holds net income at P9.2B DENR,​USAID​unveil​new​biodiversity​ ENERGY Development Cor- 25% average drop in prices for Revenues increased by almost conservation​project poration (EDC) posted con- these plants resulted in a rev- P0.40 billion as annual wind on to ratings lead solidated revenues of P34.2 bil- enue loss of over P1.4 billion energy generation increased THE Department of Environ- lion and recurring net income full-year,” EDC chief financial by 60 gigawatt hours (GWh) ment and Natural Resources ABS-CBN is still the most Kantar Media used a nation- Aside from “FPJ’s Ang attributable (RNIA) to equity officer Nestor Vasay stated. from 260 GWh to 320 GWh (DENR) is collaborating with watched network in the Philip- wide panel size of 2,610 urban Probinsyano,” the other top-rat- holders of the parent of P9.2 “However, EDC has moved in 2015 and 2016, respective- the United States Agency for pines as it kept its lead over rival and rural homes to represent ing Kapamilya shows include billion for 2016.
    [Show full text]
  • Table of Contents
    TABLE OF CONTENTS 3 Financial Highlights 4 Message of the Chairman 6 Financial Review 8 A Kapamilya Nation 16 Management’s Responsibility for Financial Statements 17 Report of Independent Auditors 18 Financial Statements Balance Sheets Statements of Income Statements of Changes in Stockholders’ Equity Statements of Cash Flows Notes to Financial Statements 68 Board of Directors 70 Management Committee 72 Awards and Recognition 73 List of Officers 77 Corporate Addresses 79 Banks and Other Financial Institutions AR 2006.indd 1 4/24/07 8:10:44 AM FINANCIAL HIGHLIGHTS AR 2006.indd 2-3 4/24/07 8:10:49 AM AR 2006.indd 4-5 4/24/07 8:11:09 AM Operating expenses, which consist of production cost, general and administrative Non-cash operating expenses, composed primarily of depreciation and expenses, cost of sales and services, and agency commission declined by 2% amortization, went down by 14% to P2,075 million in 2006 from P2,407 million to P15,724 million in 2006. Cash operating expenses were flat while non-cash in the same period last year. Bulk of the decline can be attributed to lower operating expenses declined by 14% YoY. If we strip-out the non-recurring charges, amortization costs which dropped by 23% to P904 million as the Company already Management Discussion and Analysis of Financial Condition and Results of total opex went up by 5% to P15,257 million. completed the amortization of deferred subsidies on the decoder boxes of existing Operations for 2006 US DTH subscribers in 2005. Amortization of program rights, on the other hand, Production cost was almost flat YoY at P5,714 million.
    [Show full text]