This document summarizes the final presentation of Charles Vinzon Racelis for his MM program at the Ateneo Graduate School of Business. It includes background information on Globe Telecom, the company's mission, vision and values. It also provides financial statements such as the income statement and balance sheet for 2013 and 2012, as well as ratio analyses and business strategies. The strategies include investing in international cable systems and IT/network modernization to improve internet connectivity and increase market share in the growing Philippine mobile market.
Globe Telecom is one of the leading telecommunications companies in the Philippines. It offers cellular, mobile data, and broadband services. The company's vision is for families' dreams to come true, businesses to flourish, and the nation to be admired. While Globe has strengths in technology and wider coverage, it faces weaknesses in customer service and signal reception. Opportunities for growth include acquisitions and increasing demand for internet services. Threats include intense competition and government regulations. Globe aims to improve its network and customer satisfaction through investments and streamlining operations.
Cebu Pacific's target market is business and leisure travelers seeking an affordable and fun airline experience. It competes with Philippine Airlines and other local low-cost carriers. Cebu Pacific differentiates itself by offering the most routes, the youngest fleet, and a "Fun Flight" experience. The domestic airline market size is Php 40.41 billion, with Cebu Pacific holding a Php 19.48 billion market share. Cebu Pacific uses a low-cost approach, pricing 51% lower than Philippine Airlines to attract customers. It employs marketing strategies like promotions, advertising, and online booking to promote affordable, fun flights.
The document discusses key definitions and concepts from the Code of Ethics for Professional Accountants in the Philippines. It provides multiple choice questions to test understanding of terms like independence, financial interest, firm, advertising, and definitions of professional accountants in public practice and those in existing practice. The questions cover topics like modifications made to the International Federation of Accountants (IFAC) Code, definitions of assurance engagements and the assurance team, and exceptions to various definitions.
This document provides an overview of the case method for solving organizational problems. It discusses key aspects of analyzing a case, including defining the central issue/problem statement, considering alternative courses of action, and creating an action plan and Gantt chart. The case method involves examining various areas like strengths/weaknesses, opportunities/threats, and prioritizing problems based on their impact and importance to determine the best solution.
Philippine Contract Law and Intellectual Property Law serve as the applicable laws on Franchising. Currently, there is no specific law on Franchising that regulates the agreements between the Franchisor and the Franchisee.
The document discusses the dissolution of partnerships through changes in ownership. It defines dissolution as a change in the relationship between partners caused by any partner ceasing to be involved in the business. Dissolution is distinguished from liquidation, which ends the business operations. Causes of dissolution include the admission, withdrawal, death, or incorporation of a partner. A new partner can be admitted through purchasing an interest from existing partners or investing new assets, with the consent of continuing partners. Accounting entries are provided to record various scenarios of partner admission.
This document discusses sources of income and classification of income for tax purposes. It defines income as coming from sources within the Philippines, without, or partly within and partly without. It provides examples of how different types of income like dividends, income from services, rent, royalties, and gains from property sales are treated. The document also discusses what constitutes gross income, how income is distinguished from capital, receipts, and revenue, and provides examples of different types of compensation that are considered taxable income.
This document provides information from an audit of the cash and cash equivalents of various companies. It includes bank balances, petty cash amounts, outstanding checks, restricted funds, and other cash-like items. Based on this information and audit procedures, the assistant is asked to calculate adjusted cash balances and amounts that would be reported on the balance sheet for each case.
Globe Telecom is one of the leading telecommunications companies in the Philippines. It offers cellular, mobile data, and broadband services. The company's vision is for families' dreams to come true, businesses to flourish, and the nation to be admired. While Globe has strengths in technology and wider coverage, it faces weaknesses in customer service and signal reception. Opportunities for growth include acquisitions and increasing demand for internet services. Threats include intense competition and government regulations. Globe aims to improve its network and customer satisfaction through investments and streamlining operations.
Cebu Pacific's target market is business and leisure travelers seeking an affordable and fun airline experience. It competes with Philippine Airlines and other local low-cost carriers. Cebu Pacific differentiates itself by offering the most routes, the youngest fleet, and a "Fun Flight" experience. The domestic airline market size is Php 40.41 billion, with Cebu Pacific holding a Php 19.48 billion market share. Cebu Pacific uses a low-cost approach, pricing 51% lower than Philippine Airlines to attract customers. It employs marketing strategies like promotions, advertising, and online booking to promote affordable, fun flights.
The document discusses key definitions and concepts from the Code of Ethics for Professional Accountants in the Philippines. It provides multiple choice questions to test understanding of terms like independence, financial interest, firm, advertising, and definitions of professional accountants in public practice and those in existing practice. The questions cover topics like modifications made to the International Federation of Accountants (IFAC) Code, definitions of assurance engagements and the assurance team, and exceptions to various definitions.
This document provides an overview of the case method for solving organizational problems. It discusses key aspects of analyzing a case, including defining the central issue/problem statement, considering alternative courses of action, and creating an action plan and Gantt chart. The case method involves examining various areas like strengths/weaknesses, opportunities/threats, and prioritizing problems based on their impact and importance to determine the best solution.
Philippine Contract Law and Intellectual Property Law serve as the applicable laws on Franchising. Currently, there is no specific law on Franchising that regulates the agreements between the Franchisor and the Franchisee.
The document discusses the dissolution of partnerships through changes in ownership. It defines dissolution as a change in the relationship between partners caused by any partner ceasing to be involved in the business. Dissolution is distinguished from liquidation, which ends the business operations. Causes of dissolution include the admission, withdrawal, death, or incorporation of a partner. A new partner can be admitted through purchasing an interest from existing partners or investing new assets, with the consent of continuing partners. Accounting entries are provided to record various scenarios of partner admission.
This document discusses sources of income and classification of income for tax purposes. It defines income as coming from sources within the Philippines, without, or partly within and partly without. It provides examples of how different types of income like dividends, income from services, rent, royalties, and gains from property sales are treated. The document also discusses what constitutes gross income, how income is distinguished from capital, receipts, and revenue, and provides examples of different types of compensation that are considered taxable income.
This document provides information from an audit of the cash and cash equivalents of various companies. It includes bank balances, petty cash amounts, outstanding checks, restricted funds, and other cash-like items. Based on this information and audit procedures, the assistant is asked to calculate adjusted cash balances and amounts that would be reported on the balance sheet for each case.
This document summarizes key aspects of the Law of Obligations and Contracts from the Civil Code of the Philippines. It outlines the four essential requisites of an obligation, including a passive subject, active subject, object or prestation, and juridical tie. It also describes the different kinds of obligations according to subject matter and the five sources of obligations: law, contracts, quasi-contracts, crimes/acts punished by law, and quasi-delicts. Finally, it provides examples to illustrate different types of obligations and distinguishes crimes from quasi-delicts.
Jollibee Food Corporation is a major Philippines-based food company that operates quick-service restaurants under the Jollibee brand. The document analyzes Jollibee's costs, revenues, market capitalization, and strategies from 2015-2019. It finds that Jollibee's variable costs increased over this period as sales grew. While revenue and number of stores increased each year, market capitalization declined in 2019. The document recommends ways for Jollibee to cut expenses to improve profits, such as reducing electricity and travel costs.
The document provides details about Republic Act 1425, also known as the Rizal Law. It mandates that the works and writings of Jose Rizal, particularly his novels Noli Me Tangere and El Filibusterismo, be included in the curriculum of all public and private schools, colleges and universities. The law aims to rekindle nationalism in the hearts of Filipinos, especially youth. It discusses the requirements of the law for educational institutions to include Rizal's works in their curriculum and have copies available.
This document is an independent auditor's report on the consolidated financial statements of Philippine Long Distance Telephone Company and its subsidiaries for the years ended December 31, 2013, 2012 and 2011. It summarizes that the auditor's responsibility is to express an opinion on whether the financial statements are fairly presented based on their audit of the statements. It also provides the auditor's unqualified opinion that the financial statements fairly represent the financial position and performance of the company in accordance with Philippine Financial Reporting Standards.
This document contains a questionnaire for teachers regarding their use of technology in mathematics instruction. It has four sections: (1) demographic information of teacher respondents, (2) available technologies used in the classroom, (3) use of technology to facilitate teaching and learning, and (4) application of ICT skills by teachers in teaching mathematics. Teachers are asked to rate their familiarity with and use of various technologies like computers, software, internet, and their confidence in skills like word processing, presentations, spreadsheets, and databases. They are also asked to identify obstacles to successfully integrating technology.
This document discusses the general principles of taxation according to a lecture on income taxation. It defines taxation as the means by which a government raises income to fund its necessary expenses. The primary purpose of taxation is to provide funds to promote citizens' welfare and finance government activities. Other purposes include strengthening industries, protecting local industries, and reducing inequality. The principles discuss the theory that government needs revenue and has the right to tax citizens in return for protection. A sound tax system should be fiscally adequate, impose equal burdens based on ability to pay, and be administratively feasible. The document also outlines constitutional and inherent limitations on taxation powers.
This document contains sample problems and answers related to obligations and contracts law. Some key points addressed include:
- The status of an agreement if fraud occurred during performance but not during the agreement.
- Rights of a creditor if some but not all goods owed were lost by the debtor.
- How much a joint or solidary creditor can collect from a joint or solidary debtor in different scenarios.
- Legal effects of renunciation, insolvency, compensation, novation, and other issues relating to obligations.
A guide to TRAIN (Tax Reform for Acceleration and Inclusion)Sonnie Santos
The document provides information about the Tax Reform for Acceleration and Inclusion (TRAIN) Act that was signed into law in the Philippines. Some key points:
- TRAIN aims to simplify the tax system, make it fairer and more efficient, and raise revenues to fund projects that will uplift millions from poverty and achieve middle-income status by 2040.
- It exempts personal income tax for those earning less than 21,000 PHP per month and increases taxes on fuel, vehicles, sugar drinks, and cosmetic procedures.
- Revenues will fund education, healthcare, and infrastructure projects over the next 5 years, benefiting 99% of taxpayers.
- President Duterte signed the bill
Jollibee Foods Corporation (JFC) began as an ice cream parlor in 1975 in the Philippines and has since expanded to become the largest fast food chain in the Philippines and operate over 5,800 stores across 34 countries. JFC seeks to expand its Jollibee brand through acquisitions and opening 300 new locations in North America by 2024. While the COVID-19 pandemic impacted JFC's financial performance in 2020, the company recovered in 2021 through aggressive international expansion and a shift towards delivery options. Going forward, JFC plans to continue its strong growth trajectory by opening 500 new stores in 2022.
The document provides information about an inventory class including:
- Topics covered inventories, inventory valuation, biological assets, gross profit, and retail inventory method.
- Formulas and calculations for inventory costing methods like FIFO, weighted average, and retail inventory method are presented.
- An example problem demonstrates estimating ending inventory cost using the gross profit method.
This document provides an overview of auditing specialized industries and the audit of banks' financial statements. It discusses key concepts such as:
- Specialized industries have unique accounting and reporting standards that auditors must understand.
- When auditing specialized industries, auditors must ensure competence in the industry and obtain relevant guidance for risks and standards. They may rely on industry experts.
- Banks have distinguishing characteristics like risk of losses, fiduciary responsibilities, and regulatory oversight. Auditors of banks must understand the various risks banks face.
- Transaction cycles and risks in the banking industry like credit, market, operational, and fraud risks must be considered in audit planning and procedures.
The document is a reference survey questionnaire that asks students to rate questions about using the internet and books for assignments on a 5-point scale. The questions for the internet section ask about using it for research, if it is essential for assignments, if it provides satisfying answers, if websites provide easy access to information, if search engines lead to appropriate topics, and if it is easy and less stressful to use. The book section questions ask if books are relied on for assignments, if they are essential, if they provide satisfying answers, if contents are easy to find and scan, if they are easy to use, if answers are easy to find, if they save time and provide enough information, and if teachers recommend them over other sources.
The document summarizes strengths and weaknesses of the Filipino character based on a 1992 study. Some key strengths include pakikipagkapwa-tao (concern for others), family orientation, joy and humor, flexibility and creativity. Weaknesses include extreme personalism, lack of discipline, passivity, colonial mentality and lack of self-reflection. The document provides examples and impacts of each strength and weakness on Filipino society.
The document provides an overview of Jollibee Food Corporation (JFC), the largest fast food chain in the Philippines. It discusses how JFC was founded in 1978 and has since expanded to include multiple brands like Greenwich Pizza and Chowking. The document analyzes JFC's success in the Philippines, attributed to its understanding of local tastes, operational efficiency, and customer service. It evaluates JFC's mixed performance overseas and the challenges of transferring its core competencies abroad. Finally, it outlines JFC's expansion plans to continue focusing on the Philippines market, expand in China, and grow selectively in other overseas markets.
The document discusses estate tax in the Philippines, including that it is imposed on the right of the deceased to transmit properties to heirs upon death. It provides the estate tax table which outlines the tax rates applied to different net estate amounts. Examples are given to illustrate how to compute estate tax, including applying credits for taxes paid in foreign countries to avoid double taxation.
Law On Obligations and Contracts (midterm exam)Denni Domingo
This document contains a midterm examination submission for a law course on obligations and contracts. It discusses various types of conditional obligations including suspensive and resolutory conditions. For suspensive conditions, the obligation only arises once the condition is fulfilled, while resolutory conditions terminate an existing obligation upon fulfillment. The document also addresses issues like liability under conditional obligations, entitlement to fruits from land, remedies for lost or deteriorated goods, and examples of valid conditional obligations.
This document defines key terms related to cash and cash management. It discusses how cash belongs to the broader category of financial assets, and defines cash items and cash equivalents. It also describes the establishment and use of petty cash funds, bank reconciliation procedures, and various adjustments that may reconcile the bank balance to the company's records.
Rizal departed secretly from the Philippines in 1882 to study medicine in Europe. While in Spain, he had hidden purposes of making a name for himself as a writer, observing European society, and preparing to liberate the Filipinos from Spanish tyranny. After staying briefly in Barcelona, he moved to Madrid to continue his studies. There he associated with other Filipino expatriates and began writing nationalist articles under a pen name. He also fell in love with a woman named Consuelo but did not pursue the relationship. Rizal delivered a speech in 1884 praising the achievements of Filipino artists Juan Luna and Felix Hidalgo that drew criticism from his mother back home.
Rizal studied medicine at the University of Santo Tomas from 1877-1882 but faced discrimination as a Filipino student. He excelled in his studies at the Ateneo de Manila and won several literary prizes for his poems and plays. However, Rizal struggled under the outdated and repressive teaching methods at UST. He was also the champion of Filipino students against arrogant Spanish students, leading to confrontations. Despite his academic achievements, Rizal failed to win high honors at UST due to hostility from Dominican professors.
The document discusses the classification and taxation of individuals in the Philippines. It classifies individuals as citizens or aliens, and further classifies citizens and aliens as resident or non-resident. It provides details on what makes someone a citizen or resident. The document also discusses the taxation of different types of individuals based on their citizenship and residency status, and the sources of their income. Income is taxed at graduated rates depending on the type of income and the amount.
The document provides an overview of the telecom industries in Indonesia and the Philippines. Both countries have shown strong economic growth and increasing wireless penetration. In Indonesia, future revenue growth will be driven by higher data consumption, while margins are stabilizing and CAPEX is rationalizing. The Philippines also needs increased focus on data services as voice revenue declines. Operators in both countries could improve efficiencies and invest further in emerging technologies.
This document summarizes key aspects of the Law of Obligations and Contracts from the Civil Code of the Philippines. It outlines the four essential requisites of an obligation, including a passive subject, active subject, object or prestation, and juridical tie. It also describes the different kinds of obligations according to subject matter and the five sources of obligations: law, contracts, quasi-contracts, crimes/acts punished by law, and quasi-delicts. Finally, it provides examples to illustrate different types of obligations and distinguishes crimes from quasi-delicts.
Jollibee Food Corporation is a major Philippines-based food company that operates quick-service restaurants under the Jollibee brand. The document analyzes Jollibee's costs, revenues, market capitalization, and strategies from 2015-2019. It finds that Jollibee's variable costs increased over this period as sales grew. While revenue and number of stores increased each year, market capitalization declined in 2019. The document recommends ways for Jollibee to cut expenses to improve profits, such as reducing electricity and travel costs.
The document provides details about Republic Act 1425, also known as the Rizal Law. It mandates that the works and writings of Jose Rizal, particularly his novels Noli Me Tangere and El Filibusterismo, be included in the curriculum of all public and private schools, colleges and universities. The law aims to rekindle nationalism in the hearts of Filipinos, especially youth. It discusses the requirements of the law for educational institutions to include Rizal's works in their curriculum and have copies available.
This document is an independent auditor's report on the consolidated financial statements of Philippine Long Distance Telephone Company and its subsidiaries for the years ended December 31, 2013, 2012 and 2011. It summarizes that the auditor's responsibility is to express an opinion on whether the financial statements are fairly presented based on their audit of the statements. It also provides the auditor's unqualified opinion that the financial statements fairly represent the financial position and performance of the company in accordance with Philippine Financial Reporting Standards.
This document contains a questionnaire for teachers regarding their use of technology in mathematics instruction. It has four sections: (1) demographic information of teacher respondents, (2) available technologies used in the classroom, (3) use of technology to facilitate teaching and learning, and (4) application of ICT skills by teachers in teaching mathematics. Teachers are asked to rate their familiarity with and use of various technologies like computers, software, internet, and their confidence in skills like word processing, presentations, spreadsheets, and databases. They are also asked to identify obstacles to successfully integrating technology.
This document discusses the general principles of taxation according to a lecture on income taxation. It defines taxation as the means by which a government raises income to fund its necessary expenses. The primary purpose of taxation is to provide funds to promote citizens' welfare and finance government activities. Other purposes include strengthening industries, protecting local industries, and reducing inequality. The principles discuss the theory that government needs revenue and has the right to tax citizens in return for protection. A sound tax system should be fiscally adequate, impose equal burdens based on ability to pay, and be administratively feasible. The document also outlines constitutional and inherent limitations on taxation powers.
This document contains sample problems and answers related to obligations and contracts law. Some key points addressed include:
- The status of an agreement if fraud occurred during performance but not during the agreement.
- Rights of a creditor if some but not all goods owed were lost by the debtor.
- How much a joint or solidary creditor can collect from a joint or solidary debtor in different scenarios.
- Legal effects of renunciation, insolvency, compensation, novation, and other issues relating to obligations.
A guide to TRAIN (Tax Reform for Acceleration and Inclusion)Sonnie Santos
The document provides information about the Tax Reform for Acceleration and Inclusion (TRAIN) Act that was signed into law in the Philippines. Some key points:
- TRAIN aims to simplify the tax system, make it fairer and more efficient, and raise revenues to fund projects that will uplift millions from poverty and achieve middle-income status by 2040.
- It exempts personal income tax for those earning less than 21,000 PHP per month and increases taxes on fuel, vehicles, sugar drinks, and cosmetic procedures.
- Revenues will fund education, healthcare, and infrastructure projects over the next 5 years, benefiting 99% of taxpayers.
- President Duterte signed the bill
Jollibee Foods Corporation (JFC) began as an ice cream parlor in 1975 in the Philippines and has since expanded to become the largest fast food chain in the Philippines and operate over 5,800 stores across 34 countries. JFC seeks to expand its Jollibee brand through acquisitions and opening 300 new locations in North America by 2024. While the COVID-19 pandemic impacted JFC's financial performance in 2020, the company recovered in 2021 through aggressive international expansion and a shift towards delivery options. Going forward, JFC plans to continue its strong growth trajectory by opening 500 new stores in 2022.
The document provides information about an inventory class including:
- Topics covered inventories, inventory valuation, biological assets, gross profit, and retail inventory method.
- Formulas and calculations for inventory costing methods like FIFO, weighted average, and retail inventory method are presented.
- An example problem demonstrates estimating ending inventory cost using the gross profit method.
This document provides an overview of auditing specialized industries and the audit of banks' financial statements. It discusses key concepts such as:
- Specialized industries have unique accounting and reporting standards that auditors must understand.
- When auditing specialized industries, auditors must ensure competence in the industry and obtain relevant guidance for risks and standards. They may rely on industry experts.
- Banks have distinguishing characteristics like risk of losses, fiduciary responsibilities, and regulatory oversight. Auditors of banks must understand the various risks banks face.
- Transaction cycles and risks in the banking industry like credit, market, operational, and fraud risks must be considered in audit planning and procedures.
The document is a reference survey questionnaire that asks students to rate questions about using the internet and books for assignments on a 5-point scale. The questions for the internet section ask about using it for research, if it is essential for assignments, if it provides satisfying answers, if websites provide easy access to information, if search engines lead to appropriate topics, and if it is easy and less stressful to use. The book section questions ask if books are relied on for assignments, if they are essential, if they provide satisfying answers, if contents are easy to find and scan, if they are easy to use, if answers are easy to find, if they save time and provide enough information, and if teachers recommend them over other sources.
The document summarizes strengths and weaknesses of the Filipino character based on a 1992 study. Some key strengths include pakikipagkapwa-tao (concern for others), family orientation, joy and humor, flexibility and creativity. Weaknesses include extreme personalism, lack of discipline, passivity, colonial mentality and lack of self-reflection. The document provides examples and impacts of each strength and weakness on Filipino society.
The document provides an overview of Jollibee Food Corporation (JFC), the largest fast food chain in the Philippines. It discusses how JFC was founded in 1978 and has since expanded to include multiple brands like Greenwich Pizza and Chowking. The document analyzes JFC's success in the Philippines, attributed to its understanding of local tastes, operational efficiency, and customer service. It evaluates JFC's mixed performance overseas and the challenges of transferring its core competencies abroad. Finally, it outlines JFC's expansion plans to continue focusing on the Philippines market, expand in China, and grow selectively in other overseas markets.
The document discusses estate tax in the Philippines, including that it is imposed on the right of the deceased to transmit properties to heirs upon death. It provides the estate tax table which outlines the tax rates applied to different net estate amounts. Examples are given to illustrate how to compute estate tax, including applying credits for taxes paid in foreign countries to avoid double taxation.
Law On Obligations and Contracts (midterm exam)Denni Domingo
This document contains a midterm examination submission for a law course on obligations and contracts. It discusses various types of conditional obligations including suspensive and resolutory conditions. For suspensive conditions, the obligation only arises once the condition is fulfilled, while resolutory conditions terminate an existing obligation upon fulfillment. The document also addresses issues like liability under conditional obligations, entitlement to fruits from land, remedies for lost or deteriorated goods, and examples of valid conditional obligations.
This document defines key terms related to cash and cash management. It discusses how cash belongs to the broader category of financial assets, and defines cash items and cash equivalents. It also describes the establishment and use of petty cash funds, bank reconciliation procedures, and various adjustments that may reconcile the bank balance to the company's records.
Rizal departed secretly from the Philippines in 1882 to study medicine in Europe. While in Spain, he had hidden purposes of making a name for himself as a writer, observing European society, and preparing to liberate the Filipinos from Spanish tyranny. After staying briefly in Barcelona, he moved to Madrid to continue his studies. There he associated with other Filipino expatriates and began writing nationalist articles under a pen name. He also fell in love with a woman named Consuelo but did not pursue the relationship. Rizal delivered a speech in 1884 praising the achievements of Filipino artists Juan Luna and Felix Hidalgo that drew criticism from his mother back home.
Rizal studied medicine at the University of Santo Tomas from 1877-1882 but faced discrimination as a Filipino student. He excelled in his studies at the Ateneo de Manila and won several literary prizes for his poems and plays. However, Rizal struggled under the outdated and repressive teaching methods at UST. He was also the champion of Filipino students against arrogant Spanish students, leading to confrontations. Despite his academic achievements, Rizal failed to win high honors at UST due to hostility from Dominican professors.
The document discusses the classification and taxation of individuals in the Philippines. It classifies individuals as citizens or aliens, and further classifies citizens and aliens as resident or non-resident. It provides details on what makes someone a citizen or resident. The document also discusses the taxation of different types of individuals based on their citizenship and residency status, and the sources of their income. Income is taxed at graduated rates depending on the type of income and the amount.
The document provides an overview of the telecom industries in Indonesia and the Philippines. Both countries have shown strong economic growth and increasing wireless penetration. In Indonesia, future revenue growth will be driven by higher data consumption, while margins are stabilizing and CAPEX is rationalizing. The Philippines also needs increased focus on data services as voice revenue declines. Operators in both countries could improve efficiencies and invest further in emerging technologies.
Globe Tattoo targets youth who want to belong and feel secure. It had 715,000 subscribers in 2009. Globe Tattoo offers a more affordable mobile broadband kit and uses various marketing channels nationwide. It pursues a strategy of low cost and differentiation to win over competitors who charge higher prices for similar services.
1. Sun Cellular's target market (PTM) are teens, young professionals and families who want affordable communication options to stay connected with loved ones.
2. Sun Cellular competes with Smart, Globe and other networks by offering longer validity periods and no expiration of loads, providing better value than competitors' unlimited offerings.
3. Sun Cellular's marketing mix includes prepaid unlimited text, call and data plans priced competitively, along with a nationwide distribution network and promotional activities like TV, events and digital advertising.
Presentation at the 1st National Competition Conference organized by the Department of Justice, Office for Competition, December 9, 2014, PICC, Pasay City, Philippines.
The document summarizes mobile internet trends in the Philippines based on a survey of 900 users. It finds that mobile internet users are young (88% under 34), urban, affluent Filipinos who own multiple devices like smartphones, tablets and laptops. Smartphone penetration is growing rapidly (expected to reach 50% in 2015) driven by low-cost local brands. The top mobile carriers are Smart and Globe, while Android dominates the smartphone market led by Samsung. Mobile internet access is mostly used for social media like Facebook that accounts for 42% of screen time. Apps and mobile payments are also very popular among this growing crowd of young, digital Filipinos.
The Voyage of PLDT: Ensuring the Continuity of Innovation and FlexibilityDindo Marzan
This is what I presented at the Telecom CEM World Congress held at London, United Kingdom on November 4, 2015.
How to identify the right moment to implement changes?
Where does profit lie? Which services should operators and OTTs innovate together in the IoT space?
How to ensure consistency in innovation
The case for business innovation vs technology innovation: Do the biggest current opportunities lie in business models?
PLDT Incorporated (TEL) provides Filipinos with telecommunications services, fiber-optic backbones, fixed-line and cellular networks operating in three business groups: fixed-line, wireless and others.
Profitable Growth has fallen to #7 from #3 over the last five years. TEL now only ranks better than 42 of 140 large Telecom companies.
Learn more at: http://becomeabetterinvestor.net/blog/a-telecom-in-tough-waters/
Marketing per i newborns: come Analytics e IoT aiutano le aziende a targetizz...SAS Italy
SAS Italy - Disegnare strategie di marketing che siano efficaci, soprattutto quando si parla di nuove generazioni, dipende innanzitutto dall’individuazione del giusto target. Una volta individuato, è necessario estrarre il valore che proviene dall’intersezione di tre componenti chiave: data, discovery e deployment. Da dove partire quindi? Il marketing path delle nuove mamme è un percorso caratterizzato da un mix di tecniche di marketing tradizionali e digitali: in questa presentazione scopri come le aziende sono in grado, grazie agli Analytics e all’applicazione dell’IoT, di diventare rilevanti per loro.
This document discusses factors that affect a company's selection of an entry mode for international markets. It begins by defining international market entry and explaining that the entry mode chosen can range from indirect exports to direct investment in wholly owned subsidiaries. It then identifies and describes important external factors like market size, growth, government regulations, competition level and infrastructure, as well as internal factors such as company objectives, resources, commitment level and experience. Specific company examples are provided to illustrate how these factors influenced their choice of entry mode in different countries. The document aims to help readers understand the strategic considerations in choosing the right market entry approach.
MARKETING RESEARCH PROPOSAL (UNFINISHED/TABLE OF CONTENTS/FINDINGS)Owel&Co.
The document discusses a study on customer satisfaction with Smart Communications Inc.'s concept stores in the Philippines. It finds that customers are satisfied with the stores' facilities like the Launch Pad area for trying devices. They also like the knowledgeable staff and quick service. Research shows the renovated stores attract more non-customers who visit impulsively. The purpose is to understand factors influencing customer satisfaction and whether customers will visit the new concept stores and enjoy the features.
1. Sun Cellular targets teens, yuppies and families who want best value and relationship enhancing mobile services.
2. Their main competitors are Smart, Globe and other major networks, but Sun offers longer validity periods on unlimited call/text and internet plans.
3. Sun has over 15 million prepaid and 1 million postpaid subscribers supported by their nearly 7,000 cell sites nationwide.
MyPhone targets the Philippine market, especially students and workers across all ages, genders, and social classes from low to upper. As the leading local smartphone brand, MyPhone aims to provide affordable yet high-quality Android phones that allow Filipinos to easily connect with friends and family anytime, anywhere. While foreign brands may be preferred, MyPhone focuses on the primary target of Filipino consumers by developing phones suited for the Philippine lifestyle at reasonable prices.
This presentation discusses Nestle Nescafe's packaging, sizes, market segments, and competitors. It provides an introduction to Nescafe as the most widely consumed coffee brand available in almost every country. The presentation outlines Nescafe's flavor varieties and focuses on its packaging policy of reducing environmental impact while maintaining quality. It also lists the available sizes of Nescafe products and discusses Nescafe's market segmentation and target markets. Finally, it names several of Nescafe's major competitors in the instant coffee market.
SAS Customer Decision Hub: migliora l’engagement con i tuoi clienti analizzan...SAS Italy
Con SAS Customer Decision Hub puoi disegnare una customer experience rilevante e coerente, in tempo reale e in qualsiasi touch point, attraverso un sistema decisionale centralizzato per la gestione e l’orchestrazione di tutte le logiche di interazione con i tuoi clienti.
Smartphone User Persona Report 2015 - PhilippinesVserv
This document summarizes smartphone user personas in the Philippines based on a Nielsen study. It identifies 7 primary personas based on their app usage and engagement: App Junkies, Dabblers, Gaming Buffs, Utilitarians, Power Users, Explorers, and Social Stars. For each persona, it provides demographic profiles, top devices used, most used apps, time spent on activities, and data consumption patterns. The smartphone user base in the Philippines is growing rapidly and is predominantly young users under 30.
The document presents an analysis of investment portfolios of commercial banks. It discusses objectives to evaluate investment structures, risk and returns, and the relationship between investment and other variables. A sample of 5 commercial banks over 5 years is analyzed. Multivariate analysis shows a positive relationship between investment, bank size and deposits, and a negative relationship with loans and advances. Standard Charter Bank has the highest average investment proportion with less variation compared to other banks.
Philippines Mobile Internet Trends - On Device ResearchRobin Ng
This deck is compiled by On Device Research on the philippines mobile internet trends.
a country with more than 97m people and more than 70% of the population are age 35 and below, this tout to be the next big market for mobile and internet services in South East Asia after Indonesia.
It is relatively "young" and the market is just starting to grow. the issue with philippines is the bad infrastructure that is hampering a lot of internet business. Hope that give them a bit more time and they can get the things right
First quarter 2015 financial results for TDS and U.S. Cellular:
- Total operating revenues for U.S. Cellular grew 4% year-over-year to $965 million, driven by a 90% increase in equipment sales revenues. Operating cash flow more than doubled to $167 million.
- TDS Telecom saw total operating revenues increase 7% to $280 million due to strong growth at TDS Cable from increased video, broadband, and voice connections. Adjusted EBITDA grew 10% to nearly $80 million.
- For 2015, U.S. Cellular increased guidance for operating cash flow to a range of $400-500 million and adjusted EBITDA
First quarter 2015 financial results for TDS and U.S. Cellular:
- Total operating revenues for U.S. Cellular grew 4% year-over-year to $965 million, driven by a 90% increase in equipment sales revenues. Operating cash flow more than doubled to $167 million.
- TDS Telecom saw total operating revenues increase 7% to $280 million due to strong growth at TDS Cable from increased video, broadband, and voice connections. Adjusted EBITDA grew 10% to nearly $80 million.
- For 2015, TDS and U.S. Cellular increased guidance for operating cash flow and Adjusted EBITDA based on first quarter results
This document provides an overview of Nelnet's business segments and financial performance. The key points are:
- Nelnet has four business segments: NDS (loan origination and servicing software), NBS (education planning and payment software), AGM (student loan asset management), and ALLO (fiber optic network provider).
- Over the past decade, Nelnet has diversified its business and grown revenues across all segments. Adjusted net income has increased from $41 million in 2007 to over $200 million in recent years.
- Nelnet services over $195 billion in student loans for nearly 10 million borrowers. Its student loan portfolio is expected to generate $2.07 billion in future cash
TechStars presentation - Financial presentations for investorsDavid Fogel
Presentation on August 7 2015 at TechStars Boston - Topic: Financial presentations to investors. Presented by David Fogel, Member of TiE Angels, Mass Medical Angels. Instructor at WPI.
This document provides an overview of Nelnet's business segments and financial performance. The key points are:
- Nelnet has four business segments: NDS (loan origination/servicing software), NBS (education payment processing software), AGM (student loan asset management), and ALLO (fiber network provider).
- Over the past decade, Nelnet has diversified its business and grown revenues across all segments. Adjusted net income has increased from $41 million in 2007 to over $200 million in recent years.
- Nelnet services over $195 billion in student loans for nearly 10 million borrowers. Its student loan portfolio is expected to generate $2.07 billion in future cash flows.
TomTom reported its Q1 2014 results, with total revenue of €205 million. Key highlights included the launch of new GPS sports watches and an expansion of traffic services to new countries in Asia. Going forward, the company aims to maximize value from PNDs and establish a multi-product consumer business, while offering leading navigation software and services to automotive customers. Webfleet subscriptions increased 38% to 348,000 vehicles. For 2014, TomTom expects revenue of at least €900 million and adjusted EPS of around €0.25.
This presentation summarizes Wolters Kluwer's 2014 full-year results. It discusses the financial performance including revenues growing 2% organically with leading positions growing 7% and digital/services revenues up 5%. Adjusted operating profit was €768 million with a margin decline due to increased restructuring costs. Diluted adjusted EPS grew 3% in constant currencies to €1.57. Adjusted free cash flow was €516 million. The presentation reviews strategic progress in key business areas and provides an outlook for 2015 with further restructuring and investment in growth initiatives planned.
- NOW Telecom held a press conference to discuss their All Text Network, broadband business, and financial report.
- For the All Text Network, they expect to capture 2.9 million subscribers and generate PHP1.6 billion in revenue and PHP1.1 billion in EBITDA by the 5th year.
- For broadband, they expect 85,000 subscribers generating PHP8.36 billion in revenue and PHP3.45 billion in EBITDA by the 5th year.
- NOW Corporation's financial report showed a net income loss of PHP87.2 million in 2013, an improvement from a PHP138.1 million loss in 2012, with total revenues increasing 59% to PHP79.3
1. In 1Q14, BR Properties reported net revenues of R$232.9 million, a 3% increase over 1Q13. Adjusted EBITDA was R$209.3 million with a margin of 90%. Net income reached R$59.5 million.
2. The portfolio is comprised primarily of office properties (64% by value). Financial and physical vacancy rates were 8.1% and 4.6% respectively, excluding a property under lease-up.
3. In March, BR Properties signed an agreement to sell its entire industrial/logistics portfolio to GLP for R$3.18 billion, subject to regulatory approval.
Keppel Corporation faced significant challenges in 2016 due to slower global economic growth and volatility in oil prices. The company's net profit decreased 49% to $784 million, largely due to lower contributions from its offshore and marine division. However, Keppel's multi-business strategy helped maintain resilience. The company is focusing on collaboration across divisions to capture opportunities in sustainable urbanization. It is also working to simplify its structure and harness synergies to transform into a global industry leader.
This document provides an overview of Nelnet's mission, vision, values, corporate objectives, and business segments. The company's mission is to create opportunities for people through education services. Its vision is to empower customers to achieve their dreams. The corporate objectives include enhancing customer experiences, growing the core business, diversifying products/services, and exceeding financial targets. The main business segments are Nelnet Diversified Solutions (NDS), Nelnet Business Solutions (NBS), ALLO Communications (ALLO), and Asset Generation and Management (AGM). NDS provides student loan origination/servicing, NBS offers education payment plans/software, ALLO provides fiber optic internet/TV services, and AGM manages loan assets
The document analyzes the financial performance of SEPLAT, an independent Nigerian oil exploration company, between 2013-2014. It finds that while revenues fell 13.2% from 2013 to 2014 due to falling oil prices, SEPLAT improved its liquidity and working capital significantly over this period. The company's total assets increased 87.5% from 2013 to 2014 due to expanding operations. However, net profits fell sharply by 50.7% from 2013 to 2014 as revenue declines outpaced cost reductions. Overall, the analysis finds that while SEPLAT's financial results were negatively impacted by falling oil prices in 2014, the company strengthened its balance sheet and liquidity position during this period.
Here are a few reasons why monthly revenue forecasting is important:
1. It provides a more granular view of your expected cash flows. Monthly forecasts allow you to better plan cash needs and identify potential shortfalls.
2. Seasonal trends are easier to identify. Certain months may be stronger or weaker than others due to factors like holidays, weather, etc. Monthly forecasts capture this.
3. Monthly forecasts support operational planning. You can align hiring, inventory, marketing spend to expected monthly demand levels.
4. Monthly forecasts are needed for financial projections. Investors and lenders will want to see 12-month projections, not just annual totals.
5. It improves forecast accuracy. Breaking forecasts into
The document summarizes the financial performance of ABC Brasil for 4th quarter and full year 2011. Key highlights include:
- Net income for 2011 was BRL 236.0 million, with BRL 60.6 million in 4Q11.
- Annualized ROAE was 16.6% for 2011 and 16.4% for 4Q11.
- The credit portfolio reached BRL 12,854.8 million by end of 2011, up from BRL 11,588.4 million in 2010.
- The number of clients increased to 1,879 in 2011 from 1,626 in 2010.
This document provides an investment analysis for Saboey Resort and Villas on Koh Samui, Thailand. It outlines the investment objectives of producing a 25% annual return and 15% annual cash-on-cash return over 5 years. The analysis includes a property description, current status, projected cash flows, assumptions, operations
This document provides a financial highlights briefing for the fiscal year 2015 results of a toll road company. Key points include:
- Revenue increased 9% to HK$2.208 billion while net profit attributable to shareholders rose 19% to HK$597 million.
- Toll road operations continued to be the primary business segment and driver of results, with revenue increasing 9% to HK$2.198 billion.
- Traffic volumes on the company's toll roads grew 2% overall in 2015 compared to 2014.
- The outlook for 2016 acknowledges challenges from slower economic growth in China but expects the toll road industry fundamentals to remain strong and for the company to remain profitable.
Taiwan Mobile Co., Ltd. 4Q13 Results Summary Mr Nyak
Taiwan Mobile Co., Ltd. released its 4Q13 results summary on January 28, 2014. The summary showed healthy mobile revenue growth of 5% year-over-year for Taiwan Mobile, with mobile service revenue increasing and voice revenue decreasing but VAS revenue increasing. Taiwan Mobile is focusing on its CATV and smartphone strategies. Financially, Taiwan Mobile achieved its revenue and EBITDA forecasts for FY2013 and provided 1Q14 guidance projecting continued revenue growth and stable EBITDA. Taiwan Mobile also updated on regulatory approvals, capex plans, and awards.
Similar to Financial Management (Globe Telecom) (20)
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
1. FINALS PRESENTATION
CHARLES VINZON RACELIS
MM PROGRAM, ATENEO GRADUATE SCHOOL OF BUSINESS
FINANCIAL MANAGEMENT, PROF. DENSING III (DEC. 2014)
Let’s create a wonderful world
2. COMPANY BACKGROUND
Globe Telecom, Inc. is a major provider of telecommunications services in the Philippines,
supported by over 5,900 employees and over 855,000 retailers, distributors, suppliers, and
business partners nationwide.
The Company operates one of the largest and most technologically-advanced mobile, fixed line
and broadband networks in the country, providing reliable, superior communications services to
individual customers, small and medium-sized businesses, and corporate and enterprise clients.
Globe currently has about 38.5 million mobile subscribers, over 2,000,000 broadband
customers, and over 594,000 million landline subscribers.
3. COMPANY INFORMATION
MISSION:
We create a wonderful world for people, businesses and the nation.
VISION:
The happiest customers, employees and shareholders.
VALUES:
(1) We put our customers first. (2) Our people make the difference. (3) We act with integrity.
(4) We care like an owner. (5) We keep things simple. (6) To us, it's be fast or be last.
4. INCOME STATEMENT
PERIOD ENDING 2013 2012
Revenue
Service Revenue Php 90,500,137 Php 82,742,565
NonService Revenue Php 4,640,848 Php 3,703,584
Gross Profit Php 95,140,985 Php 86,446,149
Expenses
Cost of Sales Php 9,953,106 Php 7,678,359
General, Selling and Administrative Php 37,318,839 Php 33,602,411
Total Operating Expenses Php 47,271,945 Php 41,280,770
Interest Income Php 688,249 Php 579,851
Disposal of property and Equipment Php 64,333 Php 42,447
Other Income Php 475,246 Php 716,371
Php 1,227,828 Php 1,338,669
Depreciation and Amortization Php 27,477,494 Php 23,583,417
Other Expenses Php 12,662,686 Php 11,179,633
Php 40,140,180 Php 34,763,050
Earnings Before Interest and Taxes Php 8,956,688 Php 11,740,998
Interest Expense Php 2,091,915 Php 1,989,451
Income Before Income Tax Php 6,864,773 Php 9,751,547
Provision for Income Tax (Tax Cost) Php 1,904,528 Php 2,906,293
NET INCOME Php 4,960,245 Php 6,845,254
FINANCIAL
STATEMENTS
*in thousand pesos
5. *in thousand pesos
BALANCE SHEET
PERIOD ENDING 2013 2012
ASSETS
Current Assets
Cash and Cash Equivalents Php 7,420,735 Php 6,759,755
Net Receivables Php 15,200,923 Php 12,105,437
Inventory Php 3,544,887 Php 2,076,176
Other Current Assets Php 9,464,657 Php 13,086,990
Total Current Assets Php 35,631,202 Php 34,028,358
Noncurrent Assets
Property and Equipment Php 110,424,072 Php 101,422,364
Investment Property Php - Php -
Intangible Assets and Goodwill Php 3,840,660 Php 3,793,958
Deferred Income Tax Assets Php 1,916,878 Php 1,016,856
Other noncurrent assets Php 7,266,121 Php 7,750,243
Total Noncurrent Assets Php 123,447,731 Php 113,983,421
Total Assets Php 159,078,933 Php 148,011,779
FINANCIAL
STATEMENTS
PERIOD ENDING 2013 2012
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable and
Accrued Expenses Php 39,486,830 Php 29,734,126
Notes Payable Php 5,219,900 Php 2,053,900
Current Portion of Long-term debt Php 5,980,300 Php 9,294,888
Income Tax Payable Php 1,028,263 Php 1,341,583
Other Current Liabilities Php 3,274,038 Php 3,401,487
Total Current Liabilities Php 54,989,331 Php 45,825,984
Noncurrent Liabilities
Long-term debt - Net of current portion Php 58,100,749 Php 50,430,632
Deferred income tax liabilities Php - Php 2,271,345
Other Non-Current Liabilities Php 4,349,602 Php 3,785,827
Total Noncurrent Liabilities Php 62,450,351 Php 56,487,804
Total Liabilities Php 117,439,682 Php 102,313,788
Stockholders' Equity
Paid-up Capital Php 34,402,396 Php 34,095,976
Cost of Share-Based Payments Php 261,144 Php 472,911
Other Reserves Php (739,575) Php (526,539)
Retianed Earnings Php 7,715,286 Php 11,655,643
Total Stockholders' Equity Php 41,639,251 Php 45,697,991
Total Liabilities and SE Php 159,078,933 Php 148,011,779
6. RATIO ANALYSIS
Liquidity 2013 2012
Current 0.65 0.74
Quick
0.58 0.7
Profitability 2013 2012
Gross Profit Margin 50% 52%
Operating Profit Margin 9% 14%
Growth 2013 2012 Debt to Equity (Gross) 1.66
43.84 21.12
Net Profit Margin
EBITDA Margin
EPS
Price-Earnings Ratio
5% 8%
38% 41%
37.41 51.7
Capital Structure 2013 2012
Debt to EBITDA 1.90 1.76
Debt to Service Coverage 2.83 2.02
1.35
Debt to Equity (Net) 1.49 1.2
Sales 10% 6%
Net Income -28% -30%
-26%
Earnings Per Share -32%
Dividends per Share 3% 5%
The financial tests under Globe’s loan agreements
include compliance with the following ratios:
• Total debt to equity not exceeding 2:1;
• Total debt to EBITDA not exceeding 3:1;
• Debt service coverage exceeding 1.3 times; and.
As of 31 December 2013, Globe is well within the
ratios prescribed under its loan agreements.
7. HORIZONTAL
ANALYSIS
INCOME STATEMENT 2013 - 2012 2012 - 2011
Increase or (Decrease) Increase or (Decrease)
PERIOD ENDING Amount Percentage Amount Percentage
Revenue
Service Revenue Php 7,757,572 9% Php 4,977,601 6%
NonService Revenue Php 937,264 25% Php (49,699) -1%
Gross Profit Php 8,694,836 10% Php 4,927,902 6%
*in thousand pesos
Expenses
Cost of Sales Php 2,274,747 30% Php 1,790,770 30%
General, Selling and Administrative Php 3,716,428 11% Php 4,188,805 14%
Total Operating Expenses Php 5,991,175 15% Php 5,979,575 17%
Interest Income Php 108,398 19% Php 282,463 95%
Disposal of property and Equipment Php 21,886 52% Php (276,803) -87%
Other Income Php (241,125) -34% Php 141,603 25%
Php (110,841) -8% Php 147,263 12%
Depreciation and Amortization Php 3,894,077 17% Php 4,642,190 25%
Other Expenses Php 1,483,053 13% Php (1,169,803) -9%
Php 5,377,130 15% Php 3,472,387 11%
Earnings Before Interest and Taxes Php (2,784,310) -24% Php (4,376,797) -27%
Interest Expense Php 102,464 5% Php (70,209) -3%
Income Before Income Tax Php (2,886,774) -30% Php (4,306,588) -31%
Provision for Income Tax (Tax Cost) Php (1,001,765) -34% Php (1,347,291) -32%
NET INCOME Php (1,885,009) -28% Php (2,959,297) -30%
8. BALANCE SHEET 2013 - 2012 2012 - 2011
Increase or (Decrease) Increase or (Decrease)
HORIZONTAL
ANALYSIS
2013 - 2012 2012 - 2011
Increase or (Decrease) Increase or (Decrease)
*in thousand pesos
PERIOD ENDING Amount Percentage Amount Percentage
ASSETS
Current Assets
Cash and Cash Equivalents Php 660,980 10% Php 1,600,709 31%
Net Receivables Php 3,095,486 26% Php 1,985,932 20%
Inventory Php 1,468,711 71% Php 164,986 9%
Other Current Assets Php (3,622,333) -28% Php 6,712,484 105%
Total Current Assets Php 1,602,844 5% Php 10,464,111 44%
Noncurrent Assets
Property and Equipment Php 9,001,708 9% Php 2,154,584 2%
Investment Property
Intangible Assets and Goodwill Php 46,702 1% Php 202,444 6%
Deferred Income Tax Assets Php 900,022 89% Php 151,948 18%
Other noncurrent assets Php (484,122) -6% Php 5,165,029 200%
Total Noncurrent Assets Php 9,464,310 8% Php 7,482,360 7%
Total Assets Php 11,067,154 7% Php 17,946,471 14%
LIABILITIES & STOCKHOLDERS' EQUITY Amount Percentage Amount Percentage
Current Liabilities
Accounts Payable and
Accrued Expenses Php 9,752,704 33% Php 6,692,775 29%
Notes Payable Php 3,166,000 154% Php 297,140 17%
Current Portion of Long-term debt Php (3,314,588) -36% Php (302,479) -3%
Income Tax Payable Php (313,320) -23% Php 183,656 16%
Other Current Liabilities Php (127,449) -4% Php (31,040) -1%
Total Current Liabilities Php 9,163,347 20% Php 6,840,052 18%
Noncurrent Liabilities
Long-term debt - Net of current portion Php 7,670,117 15% Php 13,106,053 35%
Deferred income tax liabilities Php (2,271,345) -100% Php (1,396,090) -38%
Other Non-Current Liabilities Php 563,775 15% Php 1,284,184 51%
Total Noncurrent Liabilities Php 5,962,547 11% Php 12,994,147 30%
Total Liabilities Php 15,125,894 15% Php 19,834,199 24%
Stockholders' Equity
Paid-up Capital Php 306,420 1% Php 128,500 0%
Cost of Share-Based Payments Php (211,767) -45% Php (100,525) -18%
Other Reserves Php (213,036) 40% Php (122,184) 30%
Retianed Earnings Php (3,940,357) -34% Php (1,793,519) -13%
Total Stockholders' Equity Php (4,058,740) -9% Php (1,887,728) -4%
Total Liabilities and SE Php 11,067,154 7% Php 17,946,471 14%
9. BUSINESS PLAN
OBJECTIVE:
To offer the best possible,
affordable, consistent internet
connection for our customers.
Based on Akamai State of the
Internet report of Q4 2013
showed the Philippines had an
average of 2Mbps and being
ranked as 108th country in the
list of connection speed.
Presently, the Philippines has
moved up to 2.5Mbps ranking
at 103rd as of Q3 2014
10. PHILIPPINE MOBILE MARKET
The Philippine mobile market has an industry SIM base of 109 million.
The market is continuously expanding due to the rise in the demand for more
non-traditional services especially in the form of mobile internet browsing.
The Company ended 2013 with 38.5 million mobile subscribers/SIMs, comprised
of 2.0 million postpaid and 36.5 million prepaid subscribers. Meanwhile, Globe
has around 595,000 fixed line voice subscribers and around 2.0 million
broadband customers.
14. STRATEGY
PRODUCT DEVELOPMENT
Capital Expenditure is (26%)
One Billion spent for
investment on international
cable systems.
650 Million for IT and
network transformation and
modernization program
MARKET PENETRATION
Increasing market share (35% to 50%) by 2016 from the latest
products and services for internet connectivity in the growing
market.
Invest in traditional services;
building more sites & incorporating
needed in-building solutions to
address coverage of blind spots
brought about by the changing
skyline in urban areas.
Continue to offer the best value-for-money
services to its subscribers.
15. 2014
To complete IT and network transformation and modernization
program in Metro Manila.
To offer the best value-for-money services to its subscribers.
(Promotions such as free access to facebook, google search)
To develop a team for Research and Development for
hardware and software solutions in the telecom industry.
To continue to maintain traditional services; building more sites & incorporating
needed in-building solutions to address coverage of blind spots.
16. 2015
To provide higher speed in internet connectivity (5.5Mbps average) at the
optimum price.
To have the Philippines included in the top 60 global ranking in terms of
average Mbps in the Asia Pacific region..
To continue the IT and network transformation and modernization program
at key regions in the Philippines .
To increase the sales revenue in fixed line, broadband and mobile
browsing by 60%.
To attain 90% consistency in internet connectivity and speed within Metro
Manila.
17. 2016
To reach 50%
market share in
the Philippine
Mobile Industry.
To increase the
sales revenue in
fixed line,
broadband and
mobile browsing
by 30%.
To attain 90%
consistency in
internet
connectivity and
speed within
urban areas.
18. FORECAST ASSUMPTIONS
2016 2015 2014 2013
Capital Expenditure (15%) Php
54,417
Php
47,319
Php
41,147
Php
35,780
International
Cable System (20%)
Php
1,728
Php
1,440
Php
1,200
Php
1,000
Transformation and
Modernization Program
Php
650
Php
650
Php
650
Php
650
*in Million pesos
20. FORECAST ASSUMPTIONS
2016 2015 2014 2013
Service and Non-Service
Php
91,050
Php
82,772
Php
75,248
Php
68,407
Internet Connectivity
Php
67,840
Php
52,185
Php
32,615
Php
26,734
Total Sales Revenue
Php
158,890
Php
134,957
Php
107,863
Php
95,141
*in Million pesos
21. FORECAST
INCOME
STATEMENT
*in thousand pesos
INCOME STATEMENT
PERIOD ENDING 2014 2015 2016
Revenue
Service Revenue Php 102,678,180 Php 127,671,238 Php 149,758,915
NonService Revenue Php 5,815,305 Php 7,286,981 Php 9,131,093
Gross Profit Php 108,493,485 Php 134,958,219 Php 158,890,009
Expenses
Cost of Sales Php 12,901,757 Php 16,723,958 Php 21,678,502
General, Selling and Administrative Php 41,446,304 Php 46,030,267 Php 51,121,216
Total Operating Expenses Php 54,348,061 Php 62,754,225 Php 72,799,719
Interest Income Php 816,911 Php 969,625 Php 1,150,888
Disposal of property and Equipment Php 97,504 Php 147,777 Php 223,972
Other Income Php 592,330 Php 738,260 Php 738,260
Php 1,506,745 Php 1,855,662 Php 2,113,120
Depreciation and Amortization Php 32,014,558 Php 37,300,779 Php 43,459,857
Other Expenses Php 14,342,476 Php 16,245,101 Php 18,400,122
Php 46,357,034 Php 53,545,880 Php 61,859,980
Earnings Before Interest and Taxes Php 9,295,135 Php 20,513,776 Php 26,343,431
Interest Expense Php 2,199,656 Php 2,312,947 Php 2,432,072
Income Before Income Tax Php 7,095,479 Php 18,200,830 Php 23,911,359
Provision for Income Tax (Tax Cost) Php 1,986,734 Php 5,096,232 Php 6,695,180
NET INCOME Php 5,108,745 Php 13,104,597 Php 17,216,178
22. FORECAST
BALANCE
SHEET
*in thousand pesos
BALANCE SHEET
PERIOD ENDING 2014 2015 2016
ASSETS
Current Assets
Cash and Cash Equivalents Php 14,926,986 Php 13,728,474 Php 22,924,174
Net Receivables Php 19,087,957 Php 23,968,946 Php 30,098,054
Inventory Php 6,052,581 Php 10,334,247 Php 17,644,814
Other Current Assets Php 6,844,945 Php 4,950,341 Php 3,580,142
Total Current Assets Php 46,912,469 Php 52,982,008 Php 74,247,184
Noncurrent Assets
Property and Equipment Php 120,224,724 Php 130,895,229 Php 142,512,791
Investment Property
Intangible Assets and Goodwill Php 3,887,937 Php 3,935,796 Php 3,984,244
Deferred Income Tax Assets Php 2,253,637 Php 1,195,498 Php 1,016,856
Other noncurrent assets Php 6,812,240 Php 6,386,711 Php 5,987,762
Total Noncurrent Assets Php 133,178,538 Php 142,413,233 Php 153,501,653
Total Assets Php 180,091,007 Php 195,395,242 Php 227,748,837
LIABILITIES & STOCKHOLDERS' EQUITY
Total Current Liabilities Php 62,252,643 Php 67,542,907 Php 78,726,679
Total Noncurrent Liabilities Php 70,699,158 Php 76,707,212 Php 89,408,412
Total Liabilities Php 132,951,800 Php 144,250,119 Php 168,135,091
Total Stockholders' Equity Php 47,139,206 Php 51,145,122 Php 59,613,745
Total Liabilities and SE Php 180,091,007 Php 195,395,242 Php 227,748,837
23. REFERENCES
o www.abs-cbnnews.com/business/10/02/14/philippines-still-
has-one-slowest-internet-speeds-asia
o www.akamai.com/dl/akamai/akamai-soti-q413.pdf
o www.forward.ph/blog/the-state-of-philippine-internet-usage-
2013-infographic/
o SEC FORM 17A GLOBE 2013 (Annual Report)
Debt to Service Ratio: In corporate finance, it is the amount of cash flow available to meet annual interest and principal payments on debt, including sinking fund payments. This ratio should ideally be over 1. That would mean the property is generating enough income to pay its debt obligations.
Debt service coverage ratio is defined as the ratio of EBITDA to required debt service, where debt service includes
subordinated debt but excludes shareholder loans.
dividend payment rate range of 75% - 90% of prior year’s net income
Quarterly cash dividend distribution will be implemented beginning in the third quarter of 2014 instead of the first quarter of 2014
For 2014, Globe has earmarked about US$600 to US$650 million in capital expenditures with approximately one third for trailing CAPEX payments related to the transformation initiatives.
2013 moved operations at BGC Acquisition of Bayantel through a debt of purchase deal 2012
97% of debt acquired, 69% of debt was converted to shares which brought it down to 56% (US$423.3 Million debt to US$131.3 Million)
(increase in property and equipment)
Globe by end of 2013 now owns 38% of Bayantel
Lopez Holding had 86% now down to 59%
MISSION:
We create a wonderful world for people, businesses and the nation.
VISION:
The happiest customers, employees and shareholders.
VALUES:
(1) We put our customers first. (2) Our people make the difference. (3) We act with integrity.
(4) We care like an owner. (5) We keep things simple. (6) To us, it's be fast or be last.
http://www.akamai.com/dl/akamai/akamai-soti-q413.pdf
http://www.abs-cbnnews.com/business/10/02/14/philippines-still-has-one-slowest-internet-speeds-asia
120.8 Million Searches per month
Liberty Telecoms Holdings, Inc, a partnership between San Miguel Corporation and Qtel Group of Qatar Telecom, launched its WiMAX broadband service under the brand name Wi-Tribe. 4% with 70,000 subscribers.
http://www.forward.ph/blog/the-state-of-philippine-internet-usage-2013-infographic/
Continue to offer the best value-for-money services to its subscribers.
CURE Digitel Smart Piltel
Innove Bayantel Extelcom
http://www.forward.ph/blog/the-state-of-philippine-internet-usage-2013-infographic/
Continue to offer the best value-for-money services to its subscribers.
2014
To complete IT and network transformation and modernization program in Metro Manila
To offer the best value-for-money services to its subscribers. (Promotions such as free facebook, google search access).
To continue to maintain traditional services; building more sites & incorporating needed in-building solutions to address coverage of blind spots.
To develop a team for Research and Development for hardware and software solutions in the telecom industry.
2015
To provide higher speed in internet connectivity (5.5Mbps average) at the optimum price.
To have the Philippines included in the top 60 global ranking in terms of average Mbps in the Asia Pacific region.
To continue the IT and network transformation and modernization program at key regions in the Philippines (Iloilo, Cebu, Davao, Boracay, Palawan, Bohol, Pampanga)
To increase the sales revenue in fixed line, broadband and mobile browsing by 60%
To attain 90% consistency in internet connectivity and speed within Metro Manila
2016
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
2016
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
The financial tests under Globe’s loan agreements include compliance with the following ratios:
• Total debt to equity not exceeding 2:1;
• Total debt to EBITDA not exceeding 3:1;
• Debt service coverage exceeding 1.3 times; and.
As of 31 December 2013, Globe is well within the ratios prescribed under its loan agreements.
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
2016
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
22% on 2014
60% on 2015
30% on 2016
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
2016
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
22% on 2014
60% on 2015
30% on 2016
2016
To reach 50% market share in the Philippine Mobile Industry.
To increase the sales revenue in fixed line, broadband and mobile browsing by 30%.
To attain 90% consistency in internet connectivity and speed within urban areas.
http://www.forward.ph/blog/the-state-of-philippine-internet-usage-2013-infographic/