Land Bank of the Philippines - Manila Electric Company

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RATIO ANALYSIS :

DECEMBER 31

2015

2014

2013

2012

2011

REMARKS

LIQUIDITY

A. Current Ratio

1.02:1

1.35:1

1.14:1

1.55:1

1.46:1

B. Acid-test Ratio

0.83:1

1.20:1

0.98:1

1.49:1

1.18:1

C. Collection Period

40:1

42.81:1

36.67:1

39.87:1

38.34:1

SOLVENCY or LEVERAGE

A. Debt Ratio

0.71:1

0.70:1

0.71:1

0.69:1

0.67:1

B. Debt to Equity Ratio

2.49:1

2.38:1

2.50:1

2.21:1

2.07:1

C. Equity Ratio

0.29:1

0.30:1

0.29:1

0.31:1

0.33:1

D. Time Interest Earned

16.95:1

70.77:1

137.44

7.51:1

20.6:1

ACTIVITY

Working Capital Turn-over

1.02:1

1.42:1

1.14:1

1.55:1

1.54:1

B. Receivables Turn-over

9:1:1

8.41:1

9.82:1

9.03:1

9.39:1

C. Inventory Turn-over

104.79:1

96.83:1

133.21

174.76:1

128.57:1

D. Current Assets Turn-over

0.92:1

0.99:1

1.24:1

1.33:1

1.32:1

PROFITABILITY

A. Gross Margin

9%

10%

8%

7%

7%

B. Operating Profit Margin

7%

7%

6%

6%

5%

C. Return on Equity (ROE)

24%

17%

23%

25%

20%

D. Return on Assets (ROA)

7%

7%

7%

8%

7%

Banking Relationship

Banking Relationship

- Deposits Beg. Balance Ending Balance

A.1 Cash in Banks 5,921,000,000.00 5,098,000,000.00

B. Loans Amount Type Outstanding

B.1 Short term loan

B.1.1

B.2 Long term loan

B.2.1

B.2.2

C. Investment

C.1 Indra Philippines- MERALCO P 210,000,000.00 Joint Venture

C.2 GBPC-First Metro Investment Corporation 8,186,000.00 Associates

C.3 FPM Power - MERALCO 2,777,000.00 Associates

C.4 Rockwell Business Center- Rockwell Land Corporation 1,234,000.00 Joint Venture

CREDIT INVESTIGATION : As per CIR dated 06-05-2016

- Subject has no credit dealings with the Land Bank Philippines.

- Subject account name is not included in the Bouncing Check Watchlist (BCW).

- No court case appears to have been filed against the subject.