Financial Performance

        San Miguel Pure Foods Company, Inc. and Subsidiaries
        Consolidated Statement of Income
        Amounts in Thousands, Except per share Data


        For the year: March 2010 YTD 2009 2008 2007 2006 2005
          Sales
  37,021,530
75,042,967  71,075,925 62,052,029 52,963,218 50,423,627
        Income from Operating Activities * 2,807,582 4,540,453 1,925,199 2,668,580 2,026,836 1,823,811
        Net Income: 1,827,158
2,658,467 148,686 182,093** 1,003,544 1,016,986
            attributable to:
                 Equity holders of the Parent 1,788,429 2,596,963 77,194 30,591 631,577 677,209
                 Minority Interest 38,729 61,504 71,492 151,502 371,967 339,777
        Basic & Diluted EPS  12.66 18.39 0.55 0.22 8.97 11.99
        Taxes 766,323 1,183,625 468,870 916,205 494,458 240,459
 
            * including realized mark-to-market gain (loss) on commodity derivatives
            ** Net Income after one time adjustment of P1.3B from reduction in Net Realizeable Value of MFC assets.
 
        At year end:  
          Total Assets 35,895,895 40,175,873 37,002,031 33,344,502 28,211,699 26,490,547
        Stockholder’s Equity (SHE) 19,150,085
 17,645,250 14,960,608 14,810,142 13,576,703 12,548,734
        Minority Interest 2,365,784 2,400,327 2,334,786 2,255,287 5,613,182 5,220,799
        Number of shares outstanding 141,243,350 141,243,350 141,243,350 141,243,350 70,378,272 56,498,838
        Number of stockholder
            as of Dec 31		 126 126 126 128 131 130
        Number of Employees
            as of Dec 31		 3,520 3,520 3,578 3,892 3,730 4,157
        Financial Statistics:  
          % of return on Ave Stockholders' Equity ***
 22.33% 18.64% 0.61% 0.30% 8.26% 10.31%
        Current Ratio 1.51
 1.30 1.20 1.25 1.28 1.27
        Debt / Equity Ratio 0.87
 1.28 1.47 1.25 1.08 1.11
 
             *** Equity attributable to Equity Holders of Parent Co.
Copyright 2009 San Miguel Pure Foods Company, Inc. All Rights Reserved.