Financial statement of san miguel corporation 2015

Ramon S. Ang Roberto N. Apart from delivering on programs aimed at generating volumes, we continued to enhance our operational efficiencies. We saw sustained growth across our brands as we broadened our reach in priority channels andmarkets.

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Financial statement of san miguel corporation 2015

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A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.

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Business Addre ss: No. S econdary Li c ense T y pe , If Applicabl e. Requir i ng this Doc. Province, country or other jurisdiction of incorporation or organization. Former name, former address and former fiscal year, if changed since last report. Are any or all of the securities listed on a Stock Exchange? Add to a list Add to a list. To use this feature you must be a member. End-of-day quote Philippines S. Other stock markets.

Financial statement of san miguel corporation 2015

San Miguel Corp. The Food and Beverage segment consists of branded value-added refrigerated processed meats and canned meat products, manufacturing and marketing of butter, margarine, cheese, milk, ice cream, jelly-based snacks and desserts, specialty oils, salad aids, snacks and condiments, marketing of flour mixes and the importation and marketing of coffee and coffee related products; production and sale of feeds; poultry and livestock farming, processing and selling of poultry and fresh meats; and milling, production and marketing of flour and bakery ingredients. The Packaging segment comprises production and marketing of packaging products such as glass containers, glass molds, and polyethylene terephthalate bottles. The Energy segment sells, retail, and distributes power, through power supply agreements, retail supply agreements, concession agreement, and other power related service agreements. The Fuel and Oil segment includes refining and marketing of petroleum products. The Infrastructure segment involves in the construction and development of various infrastructure projects such as airports, roads, highways, toll roads, freeways, skyways, flyovers, viaducts, interchanges, and mass rail transit system. The company was founded in and is headquartered in Mandaluyong, Philippines.

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Fox, SMBHK promotes responsible drinking with who was diagnosed with bone cancer, had his right advocacy group leg amputated because of the disease. Aside from the medals, platform for profit recovery in Foreign currency differences are recognized in other comprehensive income and presented in the Translation reserve account in the consolidated statements of changes in equity. Revenue Recognition Revenue is recognized to the extent that it is probable that the economic benefits associated with the transaction will flow to the Group and the amount of revenue can be reliably measured. The initial cost of property, plant and equipment comprises its construction cost or purchase price, including import duties, taxes and any directly attributable costs in bringing the asset to its working condition and location for its intended use. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes or duty. The other members are Mr. Tropical Journal of Pharmaceutical Research Leishmanicidal and cytotoxic activity of extracts and saponins from Ilex laurina Aquifoliaceae. It is such a worthwhile event to raise entertainment areas in Lan Kwai Fong to raise money for the less fortunate members of Hong responsible drinking awareness and gathering over Kongs community and it also helps the participants anti-drink driving pledges via FReDs pledge wall to build up cooperating and mutual-trusting team from the participants. Intangible Assets Intangible assets acquired separately are measured on initial recognition at cost. Associated costs such as maintenance and insurance are expensed as incurred. Santiago sit as independent and foster the long-term success of the Company non-executive directors.

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External Auditor The accounting firm of R. Administration from the Wharton School, University of Pennsylvania. AFS financial assets are non-derivative financial assets that are either designated in this category or not classified in any of the other financial asset categories. These financial statements conform to the upon the recommendation of the Board after Philippine Accounting Standards and Philippine consultations with the Audit Committee, and Financial Reporting Standards, which are all in rotated every five years or earlier in accordance compliance with the International Accounting with SEC regulations. The Groups cash and cash equivalents, trade and other receivables and noncurrent receivables are included under this category Notes 7, 8, 15, 27, 32 and NAB products would be subjected was driven by external and internal Advertising materials highlighted to the same quality standards factors unique to its market. Borrowing costs that are directly attributable to the construction of plant and equipment are capitalized during the construction period. Goodwill disposed of in this circumstance is measured based on the relative values of the operation disposed of and the portion of the cash-generating unit retained. For collective impairment purposes, evidence of impairment may include observable data on existing economic conditions or industry-wide developments indicating that there is a measurable decrease in the estimated future cash flows of the related assets. In case the shares are issued to extinguish or settle the liability of the Company, the shares are measured either at the fair value of the shares issued or fair value of the liability settled, whichever is more reliably determinable. Borrowing Costs Borrowing costs directly attributable to the acquisition or construction of an asset that necessarily takes a substantial period of time to get ready for its intended use are capitalized as part of the cost of the respective assets. Research and Development Costs Research costs are expensed as incurred. We have audited the accompanying consolidated financial statements of San Miguel Brewery Inc.