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Pilipinas Shell 2020 Financial Overview

- Pilipinas Shell Petroleum Corporation reported a net income of 16.2 billion pesos for 2020, an increase from 5.6 billion pesos in 2019. - Total assets decreased from 102.9 billion pesos in 2019 to 86.5 billion pesos in 2020, mainly driven by decreases in inventories, property and equipment, and trade receivables. - Total liabilities decreased from 63.1 billion pesos in 2019 to 62.9 billion pesos in 2020, as decreases in trade payables and short term loans were offset by increases in lease liabilities and long term debt.

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348 views5 pages

Pilipinas Shell 2020 Financial Overview

- Pilipinas Shell Petroleum Corporation reported a net income of 16.2 billion pesos for 2020, an increase from 5.6 billion pesos in 2019. - Total assets decreased from 102.9 billion pesos in 2019 to 86.5 billion pesos in 2020, mainly driven by decreases in inventories, property and equipment, and trade receivables. - Total liabilities decreased from 63.1 billion pesos in 2019 to 62.9 billion pesos in 2020, as decreases in trade payables and short term loans were offset by increases in lease liabilities and long term debt.

Uploaded by

Arjeune Victoria Bulaon
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Pilipinas Shell Petroleum Corporation

Statement of Income
For the year ended December 31, 2020
(All amounts in thousand Philippine peso, except earnings per share)

Financial Year
Net Sales
Sales of goods
Sales Discount and rebate

Costs and Expenses (Income)


Cost of Sales
Selling Expense
General and administrative expenses
Impairment losses
Other operating income, net

Income(Loss) from Operations

Other Income (Charges)


Finance income
Finance Expense

Income(Loss) before income tax

Provison for(Benefit From) Income tax

Net Income(Loss)
Vertical Analysis Variance
2020 2019 2018 2020 2019

162,022,652 224,288,584 223,817,699


- 5,070,809 - 5,885,630 - 4,949,023
156,951,843 218,402,954 218,868,676

153,291,201 194,952,649 196,573,873


11,206,025 12,132,582 11,644,884
2,516,753 2,316,041 2,741,716
11,124,473 - -
- 177,773 - 388,440 - 583,862
177,960,679 209,012,832 210,376,611
- 21,008,836 9,390,122 8,492,065

280,077 511,707 45117


- 2,299,443 - 1,880,632 -1245034
- 2,019,366 - 1,368,925 - 1,199,917
- 23,028,202 8,021,197 7,292,148

- 6,845,529 2,400,042 2,215,822

- 16,182,673 5,621,155 5,076,326


Pilipinas Shell Petroleum Corporation
Statements of Financial Position
As at December 31, 2020
(All amounts in thousand Philippine peso, except par value per share)

Financial Year
Asset
Current Assets
Cash
Trade and other receivables, net
Inventories, net
Prepayments and other current assets
Total Current Assets
Non Current Assets
Long term receivables, rentals and investments, net
Property, plant and equipment, net
Right to use assets, net
Deferred tax assets, net
Other assets, net
Total Noncurrent Assets
TOTAL ASSETS

Liabilities and Equity


Current Liabilities
Trade and Other Payables
Short term loans
Dividends Payable
Total Current Liabilities
Noncurrent Liabilities
Long-term debt
Lease Liabilities
Deferred Tax liabilities, Net
Provision and other liabilities
Total Noncurrent Liabilities
Equity
Share capital - P1 par value
Share premium
Treasury shares
Retained earnings (accumulated loss)
Other reserves
Total Equity
Total Liabilites and Equity

Based on the financial Statement for 2019 - 2020,


Vertical Analysis Variance
2020 2019 2020 2019

6,290,505 4,778,877 7.3% 4.6% 2.6%


11,732,615 15,767,566 13.6% 15.3% -1.8%
10,016,402 25,422,717 11.6% 24.7% -13.1%
1,863,121 1,500,241 2.2% 1.5% 0.7%
29,902,643 47,469,401 34.5% 46.1% -11.6%

5,605,240 4,622,849 6.5% 5.3% 1.1%


23,134,977 30,925,797 26.7% 35.7% -9.0%
14,507,495 12,649,096 16.8% 14.6% 2.1%
6,102,753 - 7.1% 0.0% 7.1%
7,297,081 7,252,325 8.4% 8.4% 0.1%
56,647,546 55,450,067 65.5% 64.1% 1.4%
86,550,189 102,919,468 100.0% 100.0% 0.0%

20,377,235 29,684,153 23.5% 28.8% -5.3%


13,000,000 9,752,000 15.0% 9.5% 5.5%
17,074 17,054 0.0% 0.0% 0.0%
33,394,309 39,453,207 38.6% 38.3% 0.2%

9,000,000 9,000,000 10.4% 8.7% 1.7%


13,018,762 10,477,414 15.0% 10.2% 4.9%
- 1,000,115 0.0% 1.0% -1.0%
7,505,247 3,160,418 8.7% 3.1% 5.6%
29,524,009 23,637,947 34.1% 23.0% 11.1%

1,681,058 1,681,058 1.9% 1.6% 0.3%


26,161,736 26,161,736 30.2% 25.4% 4.8%
- 507,106 - 507,106 -0.6% -0.5% -0.1%
- 4,304,059 11,937,980 -5.0% 11.6% -16.6%
600,242 554,646 0.7% 0.5% 0.2%
23,631,871 39,828,314 27.3% 38.7% -11.4%
86,550,189 102,919,468 100.0% 100.0% 0.0%
2018

4455124
12992819
19642836
3687782
40,778,561

4659005
28128715
0
0
6600096
39,387,816
80,166,377

25180133
3261000
15622
28,456,755

9000000
0
693574
3044237
12,737,811

1681058
26161736
-507106
11074898
561225
38,971,811
80,166,377

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