34. 4 P’s CREATIVE JUICE MANILA BBDO GUERRERO INC. NELSIS ADVERTISING AGENCY FUSION ADVERTISING MARKETING HUB INFINITE ADEAS ADVERTISING AGENCY PLACE Unit I & J 2 nd floor Aguirre Bldg. 108 H.V Dela Costa Makati City 11 th floor Insular Life Building Ayala Avenue Corner Paseo de Roxas Makati City 1043 D Delfan Street Makati City Unit 910 jade Bldg 71 Aurora blvd. Quezon City 2 nd floor phoenix bldg. 33 Kamuning Road Quezon City PRODUCT Promotions Management, Publishing, events management and conceptualization Full Service events, Promotions Management, Talents, Booking, Graphic Design, Audio and Video Talents Graphic Design, Sports Marketing, Talent Booking Special events, Production, Sales Promotions, Direct Marketing, Audio and Video Talents Talent Booking, Set Design, Graphic Design PROMOTION Commercial Ads, T.V Ads Publishing Malls Internet PRICE Millions (depends on seconds/minutes) Millions (depends on seconds/minute) Millions (depends on seconds/minutes) Millions (depends on seconds/minutes) Millions (depends on seconds/minutes)
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36. FUSION ADVERTISING MARKETING HUB, INC. Statements of Financial Statement As of December 31, 2009 and 2008 (Amounts in Philippines Peso) Notes 2009 2008 ASSETS Current Assets Cash 2 310,823.09 160,465.67 Prepayments and other current assets 5 3,290.76 8,055.15 314,113.85 168,520.82 Non Current Assets Other Non-current Assets 2,6 167,556.13 136,089.09 Property and equipment – net 2,7 267,599.62 137,802.03 435,155.75 273,891.12 TOTAL ASSETS 749,269.60 442,411.94 LIABILITIES & STOCKHOLDERS ’ EQUITY Current Liabilities Accrued expenses and other payables 2, 8 53,980.43 26,904.21 Advances from stockholders 9 - 200,000.00 53,980.43 226,904.21 STOCKHOLDERS ’ EQUITY Capital Stock[ Authorized 100 shares at P5,600 par value per share] Share Capital 10 560,000.00 140,000.00 Retained earnings 135,289.17 75,507.73 695,289.17 215,507.73 3 TOTAL LIABILITIES & STOCKHOLDERS ’ EQUITY 749,269.60 442,411.94 See accompanying Notes To Financial Statements
37. FUSION ADVERTISING MARKETING HUB, INC. Statement of Income For the years ended December 31,2009 and 2008 (Amounts in Philippines Peso) Notes 2009 2008 Sales 2 6,831,060.87 9,030,364.70 Less: Direct costs 11 5,784,176.06 7,728,355.88 Gross income from operation 1,046,884.81 1,302,008.82 Less: Operating expense 12 961,482.44 1,201,093.06 Net income before tax 85,402.44 100,915.76 Less: Income Tax Expense 2 25,621.00 35,321.00 NET INCOME/(LOSS) AFTER TAX 59,781.44 65,594.76 See accompanying Notes To Financial Statements
38. FUSION ADVERTISING MARKETING HUB, INC. Statement of Cash Flow As of December 31, 2009 and 2008 (Amounts in Philippines Peso) Notes 2009 2008 CASH FLOWS FROM OPERATING EXPENSE Net Income/(Loss) for the year 85,402.44 100,915.76 Add: Adjustment for Depreciation 7 19,368.03 11,302.26 Income Tax Paid 2 (25,621.00) (35,321.00) Decrease/(Increase) in Assets Prepayments & other current assets 5 4,764.39 (7,223.89) Other non-current assets 6 (31,467.04) (99,488.26) Increase/(Decrease) in Liabilities Accrued expense and other payables 8 27,076.22 (74,895.83) Net cash flow provided by operating activities 79,523.04 (104,710.96) CASH FLOWS FROM FINANCING ACTIVITIES Settlement of advance from stockholders 9 (200,000.00) 200,000.00 Issuance of capital stock 10 420,000.00 - Net cash flow provided/used in financing activities (220,000.00) 200.000.00 CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment (149,165.62) (98,214.29) NET INCREASE/(DECREASE) IN CASH 150,357.42 (2,925.25) ADD: CASH BALANCE 160,465.67 163,390.92 CASH BALANCE, END 310,823.09 160,465.67 See accompanying Notes To Financial Statements
39. Infinite Ideas Advertising Agency Statement of Financial Position December 31 Notes 2009 2008 ASSETS Current Assets Cash 2,6,22 1,06189.29 71,251.61 Trade & Other Receivables 2,7,8,22 28,571,550.74 2,734,484.86 Prepayment & other current assets 2,8 983,170.74 153,291.21 30,600.910.77 2,959,027.68 Fixed Assets Property & Equipment-net 2,9 618,562.10 771,639.51 Other Non-Current Assets - 40,000.00 618,562.10 811,639.51 TOTAL ASSETS 31,219,472.87 3,770,667.11 LIABILITIES AND EQUITY Current Liabilities Trade and Other Payables 2,10,22 2,633.316.33 1,155,504.92 Income Tax Payables - Other Current Liabilities 2,10,22 81,056.85 2,633.316.33 1,236,561.77 Non-Current Liabilities Advance 2,11 33,775,983.84 9,199,157.44 33,775,983.84 9,199,157.44 EQUITY Share Capital 2,13 312,500.00 312,500.00 Accumulated Earning 2 (5,502,327.30) (6,977.552.02) (5,189,827.30) (6,665,052.02) TOTAL LIABILITIES & EQUITY 31,219,427.87 3,770,667.19 (The accompanying notes are an integral part of these financial statement)
40. Infinite Ideas Advertising Agency Statement of Income Years Ended December 31 Notes 2009 2008 INCOME 2,13 P 45,561,529.60 P 5,046,396.53 Cost of Placements 2,14 (38,727,300.16) (4,464,013.46) Operating Expense 2,15,16,17 (8,057,314.18) (7,307,455.85) NET INCOME BEFORE T (1,223,084.74) (6,725,072.78) INTEREST INCOME 7,729.71 1,029.59 INCOME TAX EXPENSE 2,20 LOSS FOR THE YEAR P (1,215,355.03) P (6,724,043.19) BASIC INCOME/LOSS P 1,19 P (3.89) P (21.52) See notes to financial statements
41. Infinite Ideas Advertising Agency Statement of Cash Flows Years Ended December 31 Notes 2009 2008 CASH FLOWS FROM OPERATING ACTIVITIES INCOME BEFORE INCOME TAX P(1,215,355.03) (6,724,043.19) Adjustment for: Depreciation 153,077.41 232,820.09 OPERATING INCOME BEFORE WORKING CAPITAL P(1,062,277.62) (6,491,223.10) Increase (Decrease) in: Petty Cash Fund (8,000.00) Accounts payable 2,7,22 (25,772,366.11) (2,325,599.84) Prepayments 2,8 81,352.06 (88,591.44) Prepaid taxea (839,245.77) Deferred – MCIT (136,684.59) Other Assets 40,000.00 (40,000.00) Increase (Decrease) in: Trade & Other Payables 2,10,22 1,396,754.56 (1,081,464.14) CASH GENERATED FROM (USED IN) OPERATIONS P(26,300,468.47) (10,026,878.52) INCOME & DEFICIENCY TAX PAID - NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES P(26,300,468.47) (10,026,878.52) CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property, plant & equipment P - (298,728.69) NET CASH USED IN INVESTING ACTIVITIES P - (298,728.69) CASH FROM FINANCING ACTIVITIES P Prior period adjustment 2,690,579.75 4,014,780.80 Advances 24,576,826.40 6,283,207.79 NET CASH FROM FINANCING ACTIVITIES P 27,267,406.15 10,297,988 NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS P 966,937.68 (27,618.680) CASH & CASH EQUIVALENTS, BEGINNING 71,251,61 98,870.29 CASH & CASH EQUIVALENTS, ENDS 2,6,22 P 1,038,189.29 71,251.61 (The accompanying notes are an integral part of these financial statement)
