Cover Letter for PIS for ASM 2011.021811

Cover Letter for PIS for ASM 2011.021811

Ms. Justina F. Callangan
Director, Corporate Finance Department
Securities & Exchange Commission
EDSA, Greenhills
Mandaluyong City
Janet A. Encarnacion
Head, Disclosure Department
Philippine Stock Exchange
PSE Center, Exchange Road
Ortigas, Pasig City
Mdms:
We are herewith submitting the attached Notice of Annual Stockholder’s Meeting and the
corresponding Preliminary Information Statement (SEC Form 20-IS) of our company for
your consideration and approval.
Thank you and best regards.
Very truly yours,
Atty. Socorro Ermac Cabreros
Corporate Secretary
NOTICE OF ANNUAL STOCKHOLDERS’ MEETING
The Annual Stockholders’ Meeting of P-H-O-E-N-I-X Petroleum Philippines, Inc. will be held on
the following date and place:
Friday, March 11, 2011, 2:00 PM
Jade Room, Marco Polo Hotel
Davao City
The agenda for the Meeting shall be, as follows:
1.
2.
3.
4.
5.
6.
7.
Call to Order
Certification of Notice and Quorum
Approval of the Minutes of the Annual Stockholders’ Meeting held last July 15, 2010
Report of the President and Chief Executive Officer
Report of the Chief Finance Officer
Approval of the 2010 Audited Financial Statements and 2010 Annual Report
Approval of Corporate Actions:
a)
Proposed acquisition of Subic Petroleum Transport And Trading Philippines, Inc.;
b) Proposed investment of the Company’s funds to form and incorporate a new
corporation, of which the Company shall subscribe to majority of the shares and
Chelsea Shipping as minority shareholder, for purposes of acquiring and operating a
new tanker vessel to boost and support the Company’s fuel importation, depot
expansion and the corresponding increase in fuel capacity of its depot terminals;
c)
Proposed Amendments of the Article II, Section 1 of the By-Laws of the Company,
to wit;
“Section 1.
Annual/Regular Meetings – The
annual/regular meetings of stockholders shall be held at the
principal office on any day in March of each year.
8.
9.
10.
11.
12.
13.
Declaration of thirty percent (30%) stock dividend
Ratification and Confirmation of all Acts and Resolutions of the Board and Management
executed in the normal course of business covering the period of June 1, 2010 until
January 31, 2011
Election of the Members of the Board of Directors
Appointment of External Auditor
Other Matters
Adjournment
Only stockholders of record as of February 14, 2011 will be entitled to notice of and vote at, this meeting.
Registration for the Meeting begins at 12:00 PM on March 11, 2011.
If you will not be able to attend the Meeting but would like to be represented thereat, you may submit your
proxy form, duly signed and accomplished, to the Corporate Secretary at Stella Hizon Reyes Road, Bo.
Pampanga, Lanang, Davao City, Philippines, no later than 5:00PM on March 1, 2011. Corporate
stockholders should also provide a notarized secretary’s certificate indicating their number of shares and
attesting to the appointment of the corporation’s proxy for the Meeting as well as the execution and
delivery of the proxy form. Any proxies received will be validated by the Company’s Corporate Secretary
on March 4, 2011 at its principal office at Stella Hizon Reyes Road, Bo. Pampanga, Lanang, Davao City,
Philippines.
THE COMPANY IS NOT SOLICITING PROXIES.
Davao City, Philippines, February 17, 2011.
SOCORRO T. ERMAC CABREROS
Corporate Secretary
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SEC Form IS-20
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SEC Form IS-20
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SEC Form IS-20
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SEC Form IS-20
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SEC Form IS-20
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C046H$ 4BI$ H06F0I$ 8B$ F4687KH$ 57H8387BH$ B4387BX8I0.$$ G4387B4@$ Q117KB3H$ (4B4U06$
D67A$-WV)$37$-WVJT$(8BI4B47$E8H36813$(4B4U06+j0B064@$!4@0H$D67A$-WVJ$37$-WVPT$
@4306$7B$4H$'0348@$'0U87B4@$(4B4U06$D76$(0367$(4B8@4$D67A$-WVP$37$-WVV$4BI$/0$
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D67A$-WVV$37$-WW-.$%67A$-WW-$37$-WWLT$$E0$jK^A4B$H06F0I$4H$3/0$Q604$(4B4U06$
D76$G763/$cK^7B$7D$?8@858B4H$!/0@@T$KB38@$/0$X4H$45578B30I$j(fb810$?60H8I0B3$D76$
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8B$73/06$QH84B$17KB3680H.$$(6.$E0$jK^A4B$4@H7$X7620I$X83/$j033C$&8@$?/8@8558B0H$
,B1.$ D76$ 30B$ \-*]$ C046HT$ /7@I8BU$ F4687KH$ 57H8387BH$ 8B$ 60348@$ 4BI$ H4@0H$ 8B$ 3/0$ H48I$
Page 11 of 41
SEC Form IS-20
$
17A54BC.$$(6.$E0$jK^A4B$17A5@030I$/8H$(4H306H$8B$NKH8B0HH$QIA8B8H364387B$43$
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(4B4U8BU$ E8601376$ 7D$ E0@967H$ j67K5$ 7D$ #7A54B80HT$ X/060$ /0$ H34630I$ /8H$
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?67H01K376$ D76$ 3/0$ ?67F8B10$ 7D$ E4F47$ I0@$ G7630$ 4D306$ 0BU4U8BU$ 8B$ 3/0$ 568F430$
56413810$ 7D$ @4X.$ $ !/0$ /7@IH$ 4$ N41/0@76$ 7D$ !180B10$ E0U600$ (4a76$ 8B$ N0/4F8764@$
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3/0$Q30B07$I0$E4F47$gB8F06H83C$#7@@0U0$7D$c4X.$$!/0$8H$4@H7$4B$4138F0$A0A906$7D$
3/0$,B30U6430I$N46$7D$3/0$?/8@8558B0HT$4BI$8H$1K660B3@C$3/0$?60H8I0B3$7D$3/0$E4F47$
#83C$#/45306.$$Q33C.$"6A41+#496067H$/4H$7F06$)*$C046H$0:50680B10$8B$3/0$56413810$
Page 12 of 41
SEC Form IS-20
7D$@4X$60BI068BU$@0U4@$758B87BH$4BI$17BHK@34387B$4BI$/4BI@8BU$4BI$A4B4U0A0B3$
7D$ 168A8B4@T$ 18F8@$ 4BI$ 4IA8B8H36438F0$ 14H0H$ 8B1@KI8BU$ 8BF0H38U4387BT$ @838U4387B$ 4BI$
567H01K387B.$$
$
$
$
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60UK@46$ I8601376$ @4H3$ (461/$ RT$ )**V.$ $ `0$ 8H$ 3/0$ ?60H8I0B3$ 4BI$ #"&$ 7D$ G8I7$
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7D$3/0$?/8@8558B0$G4387B4@$&8@$#7A54BCT$":5@764387B$#765764387B.$$?6876$37$?G&#+
"#T$Q33C.$E0$E87H$X4H$3/0$gBI06H0160346C$7D$3/0$?/8@8558B0$E05463A0B3$7D$"B06UC$
X/060$/0$HK506F8H0I$3/0$E05463A0B3SH$?@4BB8BU$NK604K$4BI$QIA8B8H364387BT$4BI$
E7XBH3604A$&8@$4BI$j4H$,BIKH36C.$$`0$X4H$4@H7$4B$QHH718430$7D$'7AK@7$(494B34$
NK0B4F0B3K64$!4C71$i$E0$c7H$QBU0@0H$c4X$&DD810$X/060$/0$56413810I$#76576430T$
#7AA06184@T$"B06UC$4BI$!01K68380H$c4X.$$Q33C.$E0$E87H$4@H7$X7620I$KBI06$D76A06$
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60H0461/$ 4BI$ I64D38BU$ I018H87BH.$ $ `0$ 4@H7$ 3772$ 38A0$ 37$ 90$ 4$ #7B3689K376$ 7D$ 3/0$
?/8@8558B0$ E48@C$ !346T$ 60H57BH89@0$ D76$ 6057638BU$ 7B$ 3/0$ g.!.$ !CH30A$ 7D$ @0U4@$
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,B30U6430I$N46$7D$3/0$?/8@8558B0H$X/060$/0$H06F0I$4H$E8601376$D76$3/0$mQ(QGQbQ$
#/45306.$ $ `0$ 8H$ 4@H7$ 4$ A0A906$ 7D$ 3/0$ #7KB18@$ 7D$ QIF8H06H$ 43$ 3/0$ `46F46I$ c4X$
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QIA8B8H364387B$D67A$3/0$gB8F06H83C$7D$3/0$?/8@8558B0H.$$
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H/7558BU$A4@@H$4BI$37XB$10B306H$8B$3/0$?/8@8558B0H.$!/0$1K660B3@C$H83H$4H$N746I$
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4BI$ 301/B7@7UC$ 364BHD06.$ (H.$ ?46I7+QUK8@46$ 57HH0HH0H$ 4$ X8I0$ 0:50680B10$ 8B$
Page 13 of 41
SEC Form IS-20
8BF0H3A0B3$ 94B28BUT$ X/81/$ H/0$ U48B0I$ D67A$ /06$ F4687KH$ H38B3H$ HK1/$ 4H;$ #c!Q$
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?60H8I0B3$ D76$ ":1/4BU0$ #45834@$ #765764387B$ 4BI$ k46I8B0$ %@0A8BU$ ":1/4BU0$
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U64IK430$D67A$3/0$E0$c4$!4@@0$gB8F06H83C.$$
$
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&DD8106$7D$3/0$!O,$"IK14387B$!06F810H$j67K5T$4$B03X762$7D$7F06$-**$17@@0U0H$4BI$
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17BHK@34B1C$ %86Aq$ #/486A4B$ 7D$ j@794@$ '0H7K610$ D76$ &K3H7K610I$ _76206T$ ,B1.T$ 4$
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Page 14 of 41
SEC Form IS-20
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X/81/$ /4H$ H8B10$ 900B$ /48@0I$ 4H$ 3/0$ A7H3$ HK110HHDK@$ ,?&$ 7DD068BU$ 8B$ 3/0$ 17KB36C.$$
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568F438^4387B$ 7D$ 3/0$ ?G&#$ E712C46I$ 4BI$ "BU8B0068BU$ #765764387B.$ $ ?6876$ 37$
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(6.$k4179$D8B8H/0I$/8H$N41/0@76$7D$Q63H$I0U600$X83/$4$(4a76$8B$c89064@$Q63H$D67A$
3/0$Q30B07$I0$(4B8@4$gB8F06H83C$8B$-WR-.$$
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Page 15 of 41
SEC Form IS-20
(
$
#0638D81430$7D$hK4@8D814387B$7D$3/0$,BI050BI0B3$E8601376H$$
$
O/0$ #7A54BC$ X8@@$ HK9A83$ 4B$ K5I430I$ #0638D81430$ 7D$ hK4@8D814387B$ 7D$ 4@@$
8BI050BI0B3$ I8601376H$ 5K6HK4B3$ 37$ 3/0$ &137906$ )*T$ )**P$ B73810$ 7D$ 3/0$
17AA8HH87B7B$ 7B$ 76$ 90D760$ 3/0$ #7A54BCSH$ I8H3689K387B$ 7D$ 3/0$ E0D8B838F0$
,BD76A4387B$!3430A0B3$37$3/0$H01K683C$/7@I06H$7B$%096K46C$-RT$)*--.$
$
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$
Q$ 175C$ 7D$ 3/0$ #76576430$ !0160346CSH$ !X76B$ #0638D814387B$ 7B$ 3/0$ 4330BI4B10$ 7D$
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IK68BU$3/0$54H3$D8F0$\M]$C046H;$$
$
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7D$3/0$#7A54BC.$$?6876$37$/8H$0A5@7CA0B3$8B$3/0$#7A54BCT$/0$H50B3$4@A7H3$30B$
\-*]$C046H$43$?68A0X76@I$E8U834@$!CH30AHT$,B1.$\?418D81$,B306B03$?/8@H.]$8B8384@@C$4H$
b810$?60H8I0B3$4BI$#%&$4BI$0F0B3K4@@C$4H$":01K38F0$b810$?60H8I0B3$p$&5064387BH$
4BI$#/80D$%8B4B10$&DD8106$D67A$)**V$+$)**W.$`0$4@H7$X7620I$D76$3X0@F0$\-)]$C046H$
X83/$j8B0964$!4B$(8UK0@T$,B1.$\3/0B$2B7XB$4H$c4$O7BI04$E8H38@@06HT$,B1.]T$3/0B$3/0$
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#765764387B.$ $ `0$ X4H$ 83H$ b810$ ?60H8I0B3$ p$ O604HK6C$ D67A$ -WWM$ p$ -WWWT$ 43$ X/81/$
38A0$/0$/04I0I$3/0$304A$3/43$3772$3/0$17A54BC$5K9@81$8B$-WWL$4BI$X4H$568A468@C$
60H57BH89@0$D76$8BH383K387B4@+8BF0H376$60@4387BH.$?6876$37$3/0$!4B$(8UK0@$j67K5T$/0$
/0@I$F4687KH$57H8387BH$43$3/0$N4B2$7D$3/0$?/8@8558B0$,H@4BIH$i$QC4@4$,BF0H3A0B3$i$
E0F0@75A0B3$#765.$\90D760$83$A06U0I$X83/$N?,]$D67A$-WV*+-WVP.$`0$60108F0I$/8H$
N41/0@76$7D$!180B10$8B$#7AA0610$D67A$E0$c4$!4@@0$gB8F06H83C$8B$-WV*.$$$$$$(
(
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#7A54BCT$/0$X4H$3/0$#7B367@@06$7D$c454BI4C$%77IH$#765764387B$4BI$/0@I$F4687KH$
57H8387BH$ 8B$ 83H$ HK9H8I84680H$ 8B1@KI8BU$ 3/0$ %60H/$ QH84$ ?67IK10$ 4H$ Q117KB38BU$
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"IK14376H$ (K@38+5K657H0$ #77506438F0$ 4BI$ 4H$ 83H$ N64B1/$ &DD8106.$ $ $ (6.$ E4AKC$
H34630I$ /8H$ 567D0HH87B4@$ 146006$ 4H$ #7@@0U0$ ,BH36K1376$ 7D$ 3/0$ `7@C$ #67HH$ 7D$ E4F47$
#7@@0U0$ X/060$ 4H$ 4$ I04BSH$ @8H306T$ /0$ 046B0I$ /8H$ N41/0@76$ 7D$ !180B10$ E0U600$ 8B$
Q117KB34B1C$8B$-WWR.$(6.$E4AKC$8H$4$#0638D80I$?K9@81$Q117KB34B3.((
);F=(%FILH=J('8(eHRR:;;FT$%8@858B7T$L-$C046H$7D$4U0$4BI$8H$1K660B3@C$45578B30I$
4H$ 3/0$ QHH3.$ b810$ ?60H8I0B3$ D76$ `KA4B$ '0H7K610H$ 4BI$ #76576430$ QDD486H$ 4BI$
N64BI8BU.$ $ ?6876$ 37$ /8H$ 0A5@7CA0B3$ X83/$ 3/0$ #7A54BCT$ /0$ X4H$ #/80D$ c0U4@$
Page 16 of 41
SEC Form IS-20
#7KBH0@$ 7D$ gB878@$ j67K5$ 7D$ #7A54B80H.$ $ `0$ 4@H7$ H43$ 4H$ E8601376$ D76$ %6005763$
!06F810H$ #765764387BT$ 4H$ -**e$ HK9H8I846C$ 7D$ !K981$ N4C$ (036757@834B$ QK3/7683C.$$
Q33C.$ o768@@4$ X4H$ 0BU4U0I$ 8B$ 3/0$ @838U4387B$ 56413810$ X83/$ ?4BU8@8B4B$ N6834B817$
!46A80B37$ QBI$ %64B17$ c4X$ &DD810HT$ 4$ (42438+94H0I$ c4X$ &DD810$ 90D760$ /8H$
0BU4U8BU$8B37$#76576430$?6413810.$$Q33C.$o768@@4$8H$4$U64IK430$7D$3/0$!4B$N0I4$c4X$
!1/77@$8B$-WWL.$$$$
(
(
(
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D76$ b8H4C4H$ $ 4BI$ (8BI4B47.$ ?6876$ 37$ a78B8BU$ 3/0$ #&(?QGZT$ (6.$ Q@0634$ H06F0I$ 4H$
(KB81854@$ #7KB18@76$ 7D$ 3/0$ (KB81854@83C$ 7D$ (434B47T$ E4F47$ E0@$ !K6T$ ?/8@8558B0H.$$
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AK@38B4387B4@$ 1765764387BH.$ `0$ /7@IH$ 3X7$ I0U600H$ 8B$ "BU8B0068BU;$ N41/0@76$ 7D$
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D67A$3/0$#09K$,BH383K30$7D$O01/B7@7UC.$$$
);U>REH(+8();S:J7(%8@858B7T$MM$C046H$7@IT$8H$3/0$QHH8H34B3$b810$?60H8I0B3$D76$cK90H$
4BI$#/0A814@H$7D$3/0$#&(?QGZ.$$(6.$Q@18I$H34630I$/8H$567D0HH87B4@$146006$8B$3/0$
50367@0KA$ 8BIKH36C$ X83/$ #4@30:$ ?/8@8558B0HT$ ,B1.$ 4H$ 4$ !4@0H$ '0560H0B3438F0.$ $ `0$
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567A730I$ 4H$ 3/0$ G4387B4@$ (4B4U06$ D76$ cK90H$ 4BI$ j604H0H$ 7D$ #4@30:$ ?/8@8558B0H$
X/060$/0$@04I$3/0$8B30U64387B$7D$3/0$A4BKD413K68BU$4BI$A462038BU$75064387BH$7D$
@K90H$ 4BI$ U604H0H$ 4BI$ H360BU3/0B0I$ 3/0$ A46203$ 57H8387B$ 7D$ 3/0$ 964BI$ 8B$ 3/0$
60348@T$17AA06184@$4BI$/8U/$H36003$364I0H.$$(6.$Q@18I$/7@IH$4$N41/0@76$7D$!180B10$
E0U600$(4a76$8B$(01/4B814@$"BU8B0068BU$D67A$3/0$E0$c4$!4@@0$gB8F06H83C.(
%>U>SSF( 2:;FR( #8( #FE>R:HT$ %8@858B7T$ JW$ C046H$ 7@IT$ 8H$ 1K660B3@C$ 3/0$ QHH8H34B3$ b810$
?60H8I0B3$ D76$ #60I83$ 4BI$ #7@@01387B$ 7D$ 3/0$ #7A54BC.$ $ ?60F87KH@CT$ H/0$ X4H$ 3/0$
#7B367@@06$7D$c454BI4C$?4124U8BU$,B1.T$4$17A54BC$0BU4U0I$8B$3/0$A4BKD413K68BU$
7D$14637BH$4BI$8B$3/0$567IK1387B$7D$D60H/$58B0455@0$4BI$F0U0349@0.$$!/0$X4H$4@H7$
3/0$ Q117KB38BU$ (4B4U06$ 7D$ %60H/$ QH84$ ?67IK10$ #7A54BC$ ,B306B4387B4@$
#765764387BT$ 4$ 17A54BC$ X/81/$ 8H$ 4@H7$ 7XB0I$ 9C$ 3/0$ c454BI4C$ j67K5$ 4BI$ 8H$
568A468@C$0BU4U0I$8B$3/0$364I8BU$4BI$A462038BU$7D$94B4B4H.$$(H.$#430687$H34630I$
/06$567D0HH87B4@$146006$X83/$3/0$!jb$i$#7.$4H$4$!34DD$QKI8376.$$!/0$8H$4$#0638D80I$
?K9@81$ Q117KB34B3$ 4BI$ 4$ A0A906$ 7D$ 3/0$ ?/8@8558B0$ ,BH383K30$ 7D$ #0638D80I$ ?K9@81$
Q117KB34B3H$\?,#?Q]$H8B10$-WWJ.$$(H.$#430687$/7@IH$4$N41/0@76$7D$!180B10$E0U600$
8B$#7AA0610T$(4a76$8B$Q117KB38BU$D67A$3/0$Q30B07$E0$o4A974BU4.$
(
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D76$cK^7B$#7AA06184@$!4@0H$7D$3/0$#7A54BC.$$?6876$37$/8H$0A5@7CA0B3$X83/$3/0$
#7A54BCT$/0$H06F0I$4H$3/0$!0B876$Q117KB3$!4@0H$0:01K38F0$7D$?0367B$#765764387B$
D76$-P$C046H.$$`0$/4I$4@H7$900B$3/0$O01/B814@$"BU8B006$7D$3/0$H4A0$17A54BC$D76$M$
Page 17 of 41
SEC Form IS-20
$
C046H.$$`0$/4I$4$H/763$H38B3$4H$4$?67IK1387B$!K506F8H76$D76$)$C046H$43$3/0$,A50684@$
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43$3/0$QI4AH7B$gB8F06H83C.$$
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O604HK6C.$`0$a78B0I$3/0$#7A54BC$7B$&137906$-PT$)**V$4H$83H$#60I83$4BI$#7@@01387B$
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(
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8BH34@@4387B$7D$!/0@@$7K3H8I0$?4BI414B.$`0$@820X8H0$H06F0I$4H$`04I$7D$&5064387BH$
Page 18 of 41
SEC Form IS-20
(
7D$ G763/$ cK^7B$ 4BI$ 364BHD0660I$ 37$ '0348@$ "BU8B0068BU$ 4H$ '0348@$ "BU8B0068BU$
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I0U600$8B$N41/0@76$7D$!180B10$8B$(01/4B814@$"BU8B0068BU$D67A$(45K4.$$$$
(
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E71376$ I0U600$ D67A$ 3/0$ H4A0$ 8BH383K387B$ 4BI$ U64IK430I$ X83/$ /7B76H$ 8B$ )**).$$
Q33C.$%K0BH4@8I4$8H$4$A0A906$7D$3/0$,B30U6430I$N46$7D$3/0$?/8@8558B0H$H8B10$)**J.$
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$
Page 19 of 41
SEC Form IS-20
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$
Page 20 of 41
SEC Form IS-20
O/0$A0A906H$7D$3/0$G7A8B4387B$#7AA83300$460;$Q33C.$k.b.$"AA4BK0@$Q.$I0$E87HT$
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Page 21 of 41
SEC Form IS-20
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CDEC )5*(2%-&(G*?#,*1(/#%,$*0((
(
O/0$j67K5$U64B3H$4BI$79348BH$KBH01K60I$4IF4B10H$37$4BI$D67A$5460B3$17A54BC$4BI$
73/06$ 60@430I$ 17A54B80H$ D76$ X7628BU$ 145834@$ 5K657H0H.$ $ O/0$ 4IF4B10H$ 9046$ 4$ We$
8B3060H3$506$4BBKA$4BI$460$IK0$7B$I0A4BI.$
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$
December 31, 2010
December 31, 2009
Due to Parent Company
Balance at beginning of year
Additions
Collections
Balance, end
P
P
-
- P
-
2,937,730
(2,937,730)
P
-0-
Due to Related Parties
Page 22 of 41
SEC Form IS-20
$
$
$
(
Balance at beginning of year
Additions
Collections
P
14,421,693
328,802
P
13,302,975
1,118,712
( - )
Balance, end
P
14,750,495
P
14,421,693
TOTAL Due to Related
Parties
Balance at beginning of year
Additions
Collections
P
14,421,693
328,802
P
16,240,705
1,118,712
(2,937,730)
Balance, End
P
14,750,495
P
14,421,693
$
$
$ $
O/0$j67K5SH$4IF4B10H$37$60@430I$546380H$460$560H0B30I$4H$EK0$D67A$'0@430I$?46380H$
8B$3/0$17BH7@8I430I$94@4B10$H/003.$
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O/0$17A50BH4387BH$7D$20C$A4B4U0A0B3$506H7BB0@$460$96720B$I7XB$4H$D7@@7XH;$
Salaries
Honoraria and Allowances
13th Month and Bonuses
SSS, PHIC, HDMF and Others
2009
19,699,625
1,647,059
2,761,963
181,325
24,289,972
2010
25,137,801
1,997,059
3,086,174
216,975
30,438,009
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Page 23 of 41
SEC Form IS-20
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Page 24 of 41
SEC Form IS-20
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Page 25 of 41
SEC Form IS-20
#HL<>=?FE:H=(#HLL:EE>>((
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Page 26 of 41
SEC Form IS-20
$
Audit and Related
Fees
Amount in Thousands Php
Particulars
Nature
Punongbayan and
Araullo
Audit of FS for the
year 2007 - Parent and
Subsidiaries
Punongbayan and
Araullo
Audit of FS for the
year 2008 - Parent and
Subsidiaries
Sycip, Gorres and
Velayo
Punongbayan and
Araullo
Audit of FS for the
year 2008- Subsidiary
2009
Tax Consultancy
Sub-total
2010
725.0
1,276
442
Audit of FS for the
year 2009 - Parent and
Subsidiaries
Sub-total
Tax Advisory
Services
Sycip, Gorres and
Velayo
2008
2,098
1,147
1,276
2,098
107.5
116.5
88
107.5
116.5
88
96.4
211.8
96.4
211.8
1,488.9
2,397.8
All Other Fees
Entia Accounting
Office
Professional Fee for
BOI Registration of
Depot Facilities
Sub-total
GRAND TOTAL
1,254.5
$
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Page 27 of 41
SEC Form IS-20
8B306B4@$ 4KI8376$ 4H$ X0@@$ 4H$ 3/0$ 8BI050BI0B3$ 0:306B4@$ 4KI8376T$ 3/0$ 4KI83$ D00H$ 4BI$ 4BC$
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Page 28 of 41
SEC Form IS-20
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Page 29 of 41
SEC Form IS-20
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Page 30 of 41
SEC Form IS-20
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Page 31 of 41
SEC Form IS-20
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1
At the time the Company conducted its legal audit on SPTT, the audited figures available were for 2008 and 2009.
Page 32 of 41
SEC Form IS-20
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2
Based on 2008 and 2009 due diligence and appraisal reports, which were based on 2008 and 2009 figures of SPTT.
Page 33 of 41
SEC Form IS-20
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SEC Form IS-20
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Page 35 of 41
SEC Form IS-20
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SEC Form IS-20
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SEC Form IS-20
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SEC Form IS-20
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Page 39 of 41
SEC Form IS-20
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Page 40 of 41
SEC Form IS-20
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Page 41 of 41
SEC Form IS-20