Are you looking for a sample of audited financial statements of companies in the Philippines? Perhaps, you’re just searching for samples of balance sheet (statement of financial position), statement of income, cash flow, statement of changes in equity, or the complex notes to the financial statements of a particular company in your industry. If you’re an accountant or an auditor, you may need samples of financial reports of companies audited by accredited auditing firms in the Philippines as guidelines and benchmarks on the acceptable presentation of financial statements according to the Philippine Accounting Standards (PAS) and the Philippine Financial Reporting Standards (PFRS).
In one of our previous articles, we’ve discussed about “where to get financial statement of companies in the Philippines.” The article gave three ways to obtain annual reports of Philippine businesses. These are obtaining the reports directly from the company office or website, downloading from the Philippine Stock Exchange (PSE) website for listed companies, and having an iView account with the Securities and Exchange Commission (SEC) online facility to download the annual reports submitted by corporations to them. Usually, companies are done with their audited financial statements before April 15 since it is also the deadline for filing of Annual Income Tax Return with the Bureau of Internal Revenue (BIR). Thus, we can expect that as of the date of this post, the latest annual audited financial statements we can view or download from the Internet are those that are ended as of December 31, 2009 or those that have fiscal periods ended before December 31, 2010 (e.g., March 31, June 30 and September 30). Financial statements as of December 31, 2011 will be posted here when available.
Update: I just visited the site of Philippine Long Distance Company (PLDT) and I found out that they have already published their audited financial statements as at and for the year ended December 31, 2010 (date of audit report issuance by Sycip Gorres Velayo (SGV) Co. was on March 1, 2011). So you can already download the said report below.
Sample Audited Financial Statements of Philippine Companies
So here’s maybe what you’re looking for. The following are links to the actual annual reports which include the audited financial statements according to their industry.
Audited Financial Statements of a telecommunication company
Philippine Long Distance Telephone Company (PLDT) - Audited Financial Statements (December 31, 2010)
Audited Financial Statements of a school, university or educational institution
Centro Escolar University – Annual Report (March 31, 2011) New
Far Eastern University – Annual Report (March 31, 2011) New
Audited Financial Statements of a universal bank:
Metropolitan Bank and Trust Company – Annual Report (December 31, 2010)
Bank of the Philippine Islands – Annual Report (December 31, 2010)
Audited Financial Statements of a construction company
Megaworld Corporation – Annual Report (December 31, 2010) – Download link from the company website is currently down.
Audited Financial Statements of a holding company
Ayala Corporation – Annual Report (December 31, 2010)
SM Investments Corporation – Annual Report (December 31, 2010)
Audited Financial Statements of a hotel and leisure company
Waterfront Philippines, Incorporated – Annual Report (December 31, 2010)
Audited Financial Statements of a mining company
Benguet Corporation – Annual Report (December 31, 2010)
Audited Financial Statements of a non-stock, non-profit foundation:
Peace and Equity Foundation – Annual Reports (December 31, 2004 – 2009)
Note: This post will be updated once the latest annual reports become available. For more references of FS on other industries, you may visit the Philippine Stock Exchange Listings and Disclosures.