Financial statement of san miguel corporation 2015

Ramon S. Ang Roberto N.

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Financial statement of san miguel corporation 2015

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The Groups investments in equity securities included under Investments account in the consolidated statements of financial position are classified under this category Note

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Business Addre ss: No. S econdary Li c ense T y pe , If Applicabl e. Requir i ng this Doc. Province, country or other jurisdiction of incorporation or organization. Former name, former address and former fiscal year, if changed since last report. Are any or all of the securities listed on a Stock Exchange? Add to a list Add to a list.

Financial statement of san miguel corporation 2015

San Miguel Corp. The Food and Beverage segment consists of branded value-added refrigerated processed meats and canned meat products, manufacturing and marketing of butter, margarine, cheese, milk, ice cream, jelly-based snacks and desserts, specialty oils, salad aids, snacks and condiments, marketing of flour mixes and the importation and marketing of coffee and coffee related products; production and sale of feeds; poultry and livestock farming, processing and selling of poultry and fresh meats; and milling, production and marketing of flour and bakery ingredients. The Packaging segment comprises production and marketing of packaging products such as glass containers, glass molds, and polyethylene terephthalate bottles. The Energy segment sells, retail, and distributes power, through power supply agreements, retail supply agreements, concession agreement, and other power related service agreements. The Fuel and Oil segment includes refining and marketing of petroleum products. The Infrastructure segment involves in the construction and development of various infrastructure projects such as airports, roads, highways, toll roads, freeways, skyways, flyovers, viaducts, interchanges, and mass rail transit system. The company was founded in and is headquartered in Mandaluyong, Philippines. EN Get started. Market closed Market closed.

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Fair value changes and realized gains or losses are recognized in profit or loss. To learn more, view our Privacy Policy. Where some or all of the expenditure required to settle a provision is expected to be reimbursed by another party, the reimbursement is recognized as a separate asset only when it is virtually certain that reimbursement will be received. Objective evidence of impairment includes a significant or prolonged decline in the fair value of an equity instrument below its cost. However, if the operation is not a wholly-owned subsidiary, then the relevant proportionate share of the translation difference is allocated to the non-controlling interests. Bibonia Frederick Gerard S. Loans and receivables are non-derivative financial assets with fixed or determinable payments and maturities that are not quoted in an active market. With the first clinic established in Valenzuela, SMB saw the working model of the community clinic as a blueprint that can be replicated in other areas. Hajime Internal audit is carried out by an independent Nakajima was also replaced by Mr. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessment of the time value of money and the risks specific to the liability. Embedded Derivatives The Group assesses whether embedded derivatives are required to be separated from the host contracts when the Group becomes a party to the contract. Furthermore, the amendments clarify the requirements that apply when additional subtotals are presented in the statements of financial position, statements of income and statements of comprehensive income.

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Jacinto resigned as Director on July 31, Amortization is computed using the straight-line method over the following estimated useful lives of other intangible assets with finite lives: Number of Years Land use rights 42 - 50 or term of the lease, whichever is shorter Computer software and licenses 2 - For a transfer from investment property to owner-occupied property or inventories, the cost of property for subsequent accounting is its carrying amount at the date of change in use. When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including the contractual arrangement with the other vote holders of the investee, rights arising from other contractual arrangements and the Groups voting rights and potential voting rights. Foreign Currency Foreign Currency Translations Transactions in foreign currencies are translated to the respective functional currencies of the entities within the Group at exchange rates at the dates of the transactions. The spirit of malasakit, a unique Filipino trait that roughly translates to caring for people, rubs off from one employee to another, as they embark on their own CSR projects. Goodwill disposed of in this circumstance is measured based on the relative values of the operation disposed of and the portion of the cash-generating unit retained. To learn more, view our Privacy Policy. He is Member of its Audit Committee. Such impairment loss shall not be reversed. Amortization of deferred containers is included under Selling and administrative expenses account in the consolidated statements of income.