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|
Statements of Changes in Equity |
| |
Years Ended December 31 |
| |
2006 |
2005 |
| PREFERRED STOCK |
| Balance at beginning of year |
P 2,223,528,100 |
P 2,223,528,100 |
| Balance at end of year |
2,223,528,100 |
2,223,528,100 |
| COMMON STOCK |
150,000,000 |
150,000,000 |
| SURPLUS RESERVES |
| Balance at beginning of year |
8,547,900 |
6,795,663 |
| Transfer from surplus |
2,784,351 |
1,752,237 |
| Balance at end of year |
11,332,251 |
8,547,900 |
| SURPLUS |
| Balance at beginning of year |
|
|
| As previously reported |
561,387,057 |
453,954,015 |
| Provision of tax contingency |
(71,171,943) |
- |
Derecognition of the DTA on
NOLCO and MCIT |
(129,719,623) |
- |
| As restated |
360,495,491 |
361,424,306 |
| Net Income |
| As previously reported |
127,275,686 |
201,714,988 |
As restated
Transfer to surplus reserve |
127,275,686
(2,784,351) |
201,714,988
(1,752,237) |
| Balance at end of year |
484,986,826 |
561,387,057 |
| Net Accumulated Unrealized Gains on Available-for-Sale Financial Assets |
10,964,610 |
250,651 |
| |
P 2,880,811,787 |
P 2,943,713,708 |
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