GFFS (rev 2006) - FEU Investor Relationsinvestors.feu.edu.ph/reports new format/2009/072909/cover...Due from customers (Tuition and other fees) Control No.: Form Type: GENERAL FORM

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

A. 3,447,365.00 3,157,334.00 2,443,884.00 2,228,725.00 1,180,262.00 1,224,664.00

136.00 147.00 1,180,126.00 1,224,517.00

133,310.00 111,845.00 133,310.00 111,845.00

A.1.2.1.1 64,246.00 54,371.00 A.1.2.1.2 4,984.00 2,341.00 A.1.2.1.3 78,226.00 67,005.00

A.1.2.1.3.1 38,040.00 28,844.00 A.1.2.1.3.2 18,166.00 14,116.00 A.1.2.1.3.3 11,480.00 9,146.00 A.1.2.1.3.4 8,730.00 14,645.00 A.1.2.1.3.5 1,810.00 254.00

A.1.2.1.4 (14,146.00) (11,872.00) - -

A.1.2.2.1A.1.2.2.2

A.1.2.2.3A.1.2.2.4

- -

- - A.1.3.6.1A.1.3.6.2

- -

A.1.4.1.1A.1.4.1.2A.1.4.1.3A.1.4.1.4 A.1.4.1.5

20,000.00 -

A.1.4.2.1A.1.4.2.2A.1.4.2.3A.1.4.2.4 20,000.00 - A.1.4.2.5

A.1.3.5 Unbilled Services (in case of service providers)

A.1.3.2 Goods in process (including unfinished goods, growing crops, unfinished seeds)A.1.3.3 Finished goods

A.1.3.6

A.1.3.4 Merchandise/Goods in transit

If these are based on consolidated financial statements, please so indicate in the caption.

Allowance for doubtful accounts (negative entry)A.1.2.2 Due from foreign entities, specify

(A.1.3.2.1 + A.1.3.2.2 + A.1.3.2.3 + A.1.3.2.4)

Table 1. Balance SheetF I N A N C I A L D A T A

In domestic banks/entitiesOn hand

A.1.1.2

A.1.3 Inventories (A.1.3.1 + A.1.3.2 + A.1.3.3 + A.1.3.4 + A.1.3.5 + A.1.3.6)A.1.3.1 Raw materials and supplies

A.1.1.1

A.1.1.3

Due from related parties

National Government

A.1.4.2

ASSETS (A.1 + A.2 + A.3 + A.4 + A.5 + A.6 + A.7 + A.8 + A.9 + A.10)A.1 Current Assets (A.1.1 + A.1.2 + A.1.3 + A.1.4 + A.1.5)

A.1.1

Financial Assets other than Cash/Receivables/Equity investments (A.1.4.1 + A.1.4.2 + A.1.4.3 + A.1.4.4+A.1.4.5+A.1.4.6)

Private Financial Institutions

National GovernmentPublic Financial Institutions

TEL. NO.:COMPANY TYPE : Educational Institution

This general form is applicable to companies engaged in Agriculture, Fishery, Forestry, Mining, and Quarrying, Manufacturing, Electricity, Gas and Water, Construction, Wholesale andRetail Trade, Transportation, Storage and Communications, Hotels and Restaurants, Real Estate, Community, Social and Personal Services, other forms of production, and generalbusiness operations. This form is also applicable to other companies that do not have industry-specific Special Forms. Special forms shall be used by publicly-held companies and thoseengaged in non-bank financial intermediation activities, credit granting, and activities auxiliary to financial intermediation, which require secondary license from SEC.

Public Financial InstitutionsPublic Non-Financial InstitutionsPrivate Financial InstitutionsPrivate Non-Financial Institutions

NOTE:

Held to Maturity Investments - issued by domestic entities (A.1.4.2.1 + A.1.4.2.2 + A.1.4.2.3 + A.1.4.2.4 + A.1.4.2.5)

735-5621

Private Non-Financial Institutions

Cash and cash equivalents (A.1.1.1 + A.1.1.2 + A.1.1.3)

A.1.2.1 Due from domestic entities (A.1.2.1.1 + A.1.2.1.2 + A.1.2.1.3 + A.1.2.1.4)Due from customers (Tuition and other fees)

Control No.: Form Type:

GENERAL FORM FOR FINANCIAL STATEMENTSNAME OF CORPORATION: Far Eastern University, Inc.CURRENT ADDRESS: Nicanor Reyes Sr. Street, Sampaloc, Manila

East Asia Educational Foundation, Inc. (EAFF)Advances to employees

Public Non-Financial Institutions

A.1.4

In foreign banks/entities

A.1.4.1 Financial Assets at Fair Value through Profit or Loss - issued by domestic entities (A.1.4.1.1 + A.1.4.1.2 + A.1.4.1.3 + A.1.4.1.4 + A.1.4.1.5)

A.1.2 Trade and Other Receivables (A.1.2.1 + A.1.2.2)

Accrued interestOther receivables

Others, specify (A.1.2.1.3.1+A.1.2.1.3.2)

Others, specify (A.1.3.6.1+A.1.3.6.2)

Allowance for doubtful accounts (negative entry)

FEU Educational Foundation, Inc.

Page 1

Domestic corporations are those which are incorporated under Philippine laws or branches/subsidiaries of foreign corporations that are licensed to do business in the Philippineswhere the center of economic interest or activity is within the Philippines. On the other hand, foreign corporations are those that are incorporated abroad, including branches of Philippinecorporations operating abroad.

Financial Institutions are corporations principally engaged in financial intermediation, facilitating financial intermediation, or auxiliary financial services. Non-Financial institutions refer tocorporations that are primarily engaged in the production of market goods and non-financial services.

Page 1

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

A.1.4.3 - -

A.1.4.3.1A.1.4.3.2A.1.4.3.3A.1.4.3.4A.1.4.3.5

A.1.4.4 1,073,110.00 840,688.00

A.1.4.4.1 792,261.00 706,327.00 A.1.4.4.2A.1.4.4.3A.1.4.4.4 261,110.00 109,259.00 A.1.4.4.5 19,739.00 25,102.00

A.1.4.5 - - A.1.4.5.1A.1.4.5.2A.1.4.5.3A.1.4.5.4

37,202.00 51,528.00 A.1.5.1A.1.5.2A.1.5.3

601,012.00 491,142.00 98,458.00 98,458.00

579,189.00 441,987.00

128,343.00 119,421.00 A.2.5.1 Furniture and Equipment 114,827.00 107,012.00 A.2.5.2 Miscellaneous Equipment 13,516.00 12,409.00 A.2.5.3A.2.5.4A.2.5.5

- - A.2.6.1A.2.6.2A.2.6.3A.2.6.4

(204,978.00) (168,724.00) A.2.8 Impairment Loss or Reversal (if loss, negative entry)

96,313.00 121,013.00

96,313.00 121,013.00 A.3.3.1 96,313.00 88,942.00 A.3.3.2 - 32,071.00 A.3.3.3A.3.3.4

Investment Property 194,855.00 202,400.00 Biological Assets

A.6.1.1A.6.1.2A.6.1.3A.6.1.4

A.6.2.1A.6.2.2A.6.2.3A.6.2.4

A.7A.8

A.2.1 Land

A.1.4.6 Allowance for decline in market value (negative entry)

Building and improvements including leasehold improvement

A.1.5 Other Current Assets (state separately material items) (A.1.5.1 + A.1.5.2 + A.1.5.3

A.2.2

A.2 Property, plant, and equipment (A.2.1 + A.2.2 + A.2.3 + A.2.4 + A.2.5 + A.2.6 + A.2.7+A.2.8

A.3

A.6

Assets included in Disposal Groups Classified as Held for SaleAssets Classified as Held for Sale


Financial Assets at fair value through profit or loss

A.2.3 Machinery and equipment (on hand and in transit)A.2.4 Transportation/motor vehicles, automotive equipment, autos and trucks, and delivery equipmen

A.6.1 Major item/s, specify (A.6.1.1 + A.6.1.2 + A.6.1.3 + A.6.1.4)

A.4

A.2.7 Accumulated Depreciation (negative entry)

A.5

A.2.5 Others, specify (A.2.5.1 + A.2.5.2 + A.2.5.3 + A.2.5.4 + A.2.5.5)

National Government

Public Financial Institutions

Equity in foreign branches/subsidiaries/affiliates

Available-for-sale financial assets - issued by domestic entities:(A.1.4.4.1 + A.1.4.4.2 + A.1.4.4.3 + A.1.4.4.4 + A.1.4.4.5)


Appraisal increase, specify (A.2.6.1 + A.2.6.2 + A.2.6.3 + A.2.6.4)

Investment in subsidiaries and an associatesHeld-to-maturity investments

Investments accounted for using the equity method (A.3.1 + A.3.2 + A.3.3 )


GENERAL FORM FOR FINANCIAL STATEMENTSNAME OF CORPORATION: Far Eastern University, Inc.

Available-for-sale financial assets

Nicanor Reyes Sr. Street, Sampaloc, ManilaTEL. NO.: CURRENT ADDRESS:

735-5621



If these are based on consolidated financial statements, please so indicate in the caption.Educational Institution

Equity in domestic subsidiaries/affiliatesA.3.2

National Government

COMPANY TYPE :

Held-to-maturity investmentsLoans and Receivables


Loans and Receivables - issued by domestic entities:(A.1.4.3.1 + A.1.4.3.2 + A.1.4.3.3 + A.1.4.3.4 + A.1.4.3.5)

Financial Assets issued by foreign entities: (A.1.4.5.1+A.1.4.5.2+A.1.4.5.3+A.1.4.5.4

Others, specify (A.6.2.1 + A.6.2.2 + A.6.2.3 + A.6.2.4)

Intangible Assets (A.6.1 + A.6.2)

Others, specify (A.3.1.1 + A.3.2.1 + A.3.3.1 + A.3.3.4)A.3.3

A.3.1

A.6.2

A.2.6

Page 2

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

Long-term receivables (net of current portion) (A.9.1 + A.9.2 + A.9.3 100,000.00 100,000.00 A.9.1. 100,000.00 100,000.00

A.9.1.1 100,000.00 100,000.00 A.9.1.2A.9.1.3A.9.1.4

A.9.2A.9.2.1A.9.2.2A.9.2.3A.9.2.4

A.9.3Other Assets (A.10.1 + A.10.2 + A.10.3 + A.10.4+A.10.5) 11,301.00 14,054.00

5,702.00 8,590.00

5,599.00 5,464.00 A.10.4.1 5,599.00 5,464.00

A.10.4.2A.10.4.3A.10.4.4

B. LIABILITIES (B.1 + B.2 + B.3 + B.4 + B.5) 558,143.00 572,075.00 Current Liabilities (B.1.1 + B.1.2 + B.1.3 + B.1.4 + B.1.5 + B.1.6 + B.1.7) 499,652.00 495,913.00

380,536.00 430,265.00 B.1.1.1 Loans/Notes Payables

B.1.1.2 Trade Payables 41,271.00 35,708.00 B.1.1.3 - -

B.1.1.3.1B.1.1.3.2B.1.1.3.3

B.1.1.4 339,265.00 394,557.00 B.1.1.4.1 57,607.00 139,806.00 B.1.1.4.2 36,902.00 41,886.00 B.1.1.4.3 128,688.00 87,894.00 B.1.1.4.4 36,046.00 43,474.00 B.1.1.4.5 34,362.00 27,340.00 B.1.1.4.6 33,746.00 46,555.00 B.1.1.4.7 1,326.00 1,326.00 B.1.1.4.8 10,588.00 6,276.00

- - B.1.2.1B.1.2.2B.1.2.3B.1.2.4

- -

B.1.4.1 B.1.4.2 B.1.4.3 B.1.4.4

B.1.5 43,617.00 48,793.00 B.1.6

75,499.00 16,855.00

B.1.7.1 Dividends declared and not paid at balance sheet date B.1.7.2 Acceptances Payable B.1.7.3 Liabilities under Trust Receipts B.1.7.4 Portion of Long-term Debt Due within one year B.1.7.5 Unearned tuition fees 75,499.00 16,855.00 B.1.7.6 - -

F I N A N C I A L D A T A

From foreign entities, specify (A.9.2.1 + A.9.2.2 + A.9.2.3 + A.9.2.4)

Amount due to students

Dividends payable

Other current liabilitiesDeposits payable

Deferred Income Tax

Allowance for doubtful accounts, net of current portion (negative entry)

A.10.2

B.1.1

A.10.1A.10

B.1

Allowance for write-down of deferred charges/bad accounts (negative entry)

B.1.3 Provisions

B.1.7

Accrued expensesWithholding and other taxes payable

B.1.2



B.1.4

Other non-current assets

Payable to FEU retirement plan

CURRENT ADDRESS:735-5621


COMPANY TYPE : Educational Institution

Table 1. Balance Sheet

A.9From domestic entities, specify (A.9.1.1 + A.9.1.2 + A.9.1.3 + A.9.1.4)

TEL. NO.:

A.10.5


A.10.3 Advance/Miscellaneous depositsA.10.4 Others, specify (A.10.4.1 + A.10.4.2 + A.10.4.3 + A.10.4.4)

Deferred charges - net of amortization

Nicanor Reyes Sr. Street, Sampaloc, Manila

Trade and Other Payables to Domestic Entities

Payables to Related Parties, specify (B.1.1.3.1 + B.1.1.3.2 + B.1.1.3.3)

Others, specify (If material, state separately; indicate if the item is payable to public/private or financial/non-financial institutions)

Deferred Tax Liabilities

Any other current liability in excess of 5% of Total Current Liabiilities, specify:(B.1.7.6.1 + B.1.7.6.2 + B.1.7.6.3 + B.1.7.6.4)

Financial Liabilities (excluding Trade and Other Payables and Provisions)(B.1.4.1 + B.1.4.2 + B.1.4.3)

Liabilities for Current Tax

Funds payable

Trade and Other Payables to Foreign Entities (specify) (B.1.2.1+B.1.2.2+B.1.2.3+B.1.2.4)

Others, specify (B.1.1.4.1 + B.1.1.4.2 + B.1.1.4.3)

Page 3

B.1.7.6.1 B.1.7.6.2 B.1.7.6.3 B.1.7.6.4

Page 3

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

- -

-

Indebtedness to Affiliates and Related Parties (Non-Current)B.4

Other Liabilities (B.5.1 + B.5.2) 58,491.00 76,162.00

58,491.00 76,162.00 B.5.2.1 58,491.00 76,162.00

B.5.2.2 B.5.2.3 B.5.2.4

C. 2,889,222.00 2,585,259.00 100,000.00 100,000.00

100,000.00 100,000.00

Subscribed Capital Stock (no. of shares, par value and total value) (C.2.1 + C.2.2 + C.2.3 - -

Paid-up Capital Stock (C.3.1 + C.3.2) 984,578.00 704,370.00 Common shares 984,578.00 704,370.00 Preferred Shares

Additional Paid-in Capital / Capital in excess of par value / Paid-in SurplusMinority InterestOthers, specify (C.6.1 + C.6.2 + C.6.3 + C.6.4 + C.6.5)

Appraisal Surplus/Revaluation Increment in Property/Revaluation Surplus (9,533.00) 1,233.00 Retained Earnings (C.8.1 + C.8.2) 1,917,910.00 1,883,389.00

Appropriated 975,099.00 1,147,161.00 Unappropriated 942,811.00 736,228.00

Head / Home Office Account (for Foreign Branches only)Cost of Stocks Held in Treasury (negative entry) (3,733.00) (3,733.00)

3,447,365.00 3,157,334.00

C.4

C.3

C.6

C.3.1

C.2.3

C.6.1

C.6.3

C.3.2

D. TOTAL LIABILITIES AND EQUITY (B + C)

C.9

C.8.1C.8.2

C.10

C.8

Common sharesC.2

OthersC.1.2

C.7C.6.5

C.6.2

C.5

C.6.4

OthersC.2.2

B.2.1 Domestic Public Financial Institutions

B.5

C.1

Liabilities Included in the Disposal Groups Classified as Held for Sale

Others, specify (B.5.2.1 + B.5.2.2 + B.5.2.3 + B.5.2.4) B.5.1

Preferred Shares

Preferred Shares

EQUITY (C.3 + C.4 + C.5 + C.6 + C.7 + C.8 + C.9+C.10)

10,000,000 shares, P100 par value, P1,000,000,000

C.1.3

C.2.1



B.2

C.1.1

B.2.5Domestic Private Non-Financial Institutions


Common shares

Authorized Capital Stock (no. of shares, par value and total value; show details) (C.1.1+C.1.2+C.1.3)

Domestic Public Non-Financial Institutions

Foreign Financial Institutions B.2.4

Deferred Income Tax

CURRENT ADDRESS: Nicanor Reyes Sr. Street, Sampaloc, Manila735-5621 TEL. NO.:


Trust fundsB.5.2


B.2.2Domestic Private Financial Institutions B.2.3

Long-term Debt - Non-current Interest-bearing Liabilities (B.2.1 + B.2.2 + B.2.3 + B.2.4 + B.2.5)

B.3

Page 4

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

A. 1,824,485.00 1,767,632.00 1,611,808.00 1,580,683.00

A.2 91,964.00 80,526.00 22,928.00 25,494.00

-

69,036.00 55,032.00

A.3.5.1 Miscellaneous income 69,036.00 55,032.00 A.3.5.2A.3.5.3A.3.5.4A.3.5.5A.3.5.6A.3.5.7

120,713.00 106,423.00 120,713.00 106,423.00

A.4.3.1A.4.3.2A.4.3.3A.4.3.4

A.4.4.1A.4.4.2A.4.4.3A.4.4.4

B. - - - -

C. - -

D. - -

Share in the Profit or Loss of Associates and Joint Ventures accounted for using the Equity

A.4.3

A.4.4 Gain / (Loss) on Foreign Exchange (A.4.4.1 + A.4.4.2 + A.4.4.3 + A.4.4.4)

Other Revenue (A.3.1 + A.3.2 + A.3.3 + A.3.4 + A.3.5)A.3.1A.3.2

A.3.4 Royalties, Franchise Fees, Copyrights (books, films, records, etc.)

REVENUE / INCOME (A.1 + A.2 + A.3 + A.4)A.1 Net Sales or Revenue / Receipts from Operations (manufacturing, mining,utilities, trade,

services, etc.) (from Primary Activity)

Table 2. Income Statement






A.3

Receipts from Sale of Merchandise (trading) (from Secondary Activity)Rental Income from Land and Buildings

A.3.3 Sale of Real Estate or other Property and Equipment


Nicanor Reyes Sr. Street, Sampaloc, ManilaTEL. NO.:

Cost of Goods Manufactured (B.1.1 + B.1.2 + B.1.3 + B.1.4 + B.1.5)B.1.1 Direct Material Used

B.1

A.3.5 Others, specify (A.3.5.1 + A.3.5.2 + A.3.5.3 + A.3.5.4 + A.3.5.5 +A.3.5.6 + A.3.5.7)

Gain / (Loss) from selling of Assets, specify(A.4.3.1 + A.4.3.2 + A.4.3.3 + A.4.3.4 + A.4.3.5 + A.4.3.6 + A.4.3.7)

Other Income (non-operating) (A.4.1 + A.4.2 + A.4.3 + A.4.4)A.4A.4.1 Finance incomeA.4.2 Dividend Income

C.2

Finished Goods, BeginningGoods in Process, End (negative entry)

COST OF SALES (C.1 + C.2 + C.3)

B.1.5B.2

C.1

Goods in Process, Beginning

Finished Goods, End (negative entry)

B.1.2 Direct LaborB.1.3

Merchandise Inventory, BeginningC.3 Merchandise Inventory, End (negative entry)

COST OF SERVICES, SPECIFY (D.1 + D.2 + D.3 + D.4 + D.5 + D.6)

D.2D.1

Purchases

B.3

B.1.4Other Manufacturing Cost / Overhead

COST OF GOODS SOLD (B.1 + B.2 + B.3)

D.3D.4D.5D.6

Page 5

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

E. - - E.1E.2E.3E.4E.5E.6

F. 1,824,485.00 1,767,632.00 G. 1,164,730.00 1,076,741.00

G.1 Selling or Marketing ExpensesG.2 Administrative Expenses 201,918.00 186,328.00 G.3 General Expenses 96,969.00 82,825.00 G.4 Other Expenses, specify (G.4.1 + G.4.2 + G.4.3 + G.4.4 + G.4.5 + G.4.6) 865,843.00 807,588.00

G.4.1 Education-related expenditures 865,843.00 807,588.00 G.4.2 G.4.3 G.4.4 G.4.5G.4.6

H. 17,581.00 22,199.00 I. 642,174.00 668,692.00 J. INCOME TAX EXPENSE (negative entry) (75,176.00) (75,786.00) K. INCOME AFTER TAX 566,998.00 592,906.00 L.

L.1L.2

M. Profit or Loss Attributable to Minority InterestN. Profit or Loss Attributable to Equity Holders of the Parent

NET INCOME (LOSS) BEFORE TAX ( F - G - H)FINANCE COSTS




OPERATING EXPENSES (G.1 + G.2 + G.3 + G.4)


735-5621

Table 2. Income Statement



GROSS PROFIT (A - B - C - D - E)

OTHER DIRECT COSTS, SPECIFY (E.1 + E.2 + E.3 + E.4 + E.5 + E.6)

Amount of (i) Post-Tax Profit or Loss of Discontinued Operations; and (ii) Post-Tax Gain or Loss Recognized on theMeasurement of Fair Value less Cost to Sell or on the Disposal of the Assets or Disposal Group(s) constituting the Discontinued Operation (if any)

Page 6

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

642,174.00 668,692.00

46,524.00 42,254.00 Amortization, specify:

Others, specify: (117,675.00) (106,423.00) 17,581.00 17,451.00 (3,038.00) 4,748.00

Gain on disposal of property and equipment (726.00) - Loss on sale of investment - 2,842.00

Decrease (Increase) in:Receivables (31,157.00) (20,082.00) Inventories - - Other Current Assets 11,482.00 (20,745.00) Others, specify:

Increase (Decrease) in:Trade and Other Payables 7,879.00 56,907.00

Others, specify: 58,644.00 16,855.00 Trust funds (17,672.00) (25,109.00)

Cash paid for taxes (74,618.00) (69,937.00)

539,398.00 567,453.00

(Increase) Decrease in held-to-maturity investments 13,744.00 258.00 (Increase) Decrease in other non-current assets (135.00) (2,161.00) (Increase) Decrease in due from related party - (35,000.00) Reductions/(Additions) to Property, Plant, and Equipment (148,849.00) (48,004.00) Others, specify: (240,347.00) (22,915.00)

726.00 - Additional investment in subsidiaries (7,372.00) -

105,271.00 90,268.00

(276,962.00) (17,554.00)

LoansLong-term DebtIssuance of SecuritiesOthers, specify:

(Loans)(Long-term Debt)(Stock Subscriptions)

(309,876.00) (194,554.00)

Dividends paidOthers, specify (negative entry):

Finance income

Write-down of Property, Plant, and Equipment

Payments of:


Table 3. Cash Flow Statements


Acquisition of available-for-sale investments

Unrealized foreign exchange loss (gain)

CURRENT ADDRESS:735-5621Nicanor Reyes Sr. Street, Sampaloc, Manila

NAME OF CORPORATION:GENERAL FORM FOR FINANCIAL STATEMENTS

Far Eastern University, Inc.

CASH FLOWS FROM OPERATING ACTIVITIESNet Income (Loss) Before Tax and Extraordinary ItemsAdjustments to Reconcile Net Income to Net Cash Provided by Operating Activities

Depreciation

TEL. NO.:COMPANY TYPE : Educational InstitutionIf these are based on consolidated financial statements, please so indicate in the caption.

CASH FLOWS FROM INVESTING ACTIVITIES

Changes in Assets and Liabilities:

CASH FLOWS FROM FINANCING ACTIVITIES

Unearned tuition fees

Interest received

Impairment loss on receivables

Proceeds from disposal of property and equipment

A. Net Cash Provided by (Used in) Operating Activities (sum of above rows)

(Increase) Decrease in Long-Term Receivables

B. Net Cash Provided by (Used in) Investing Activities (sum of above rows)

Proceeds from:

Page 7

(309,876.00) (194,554.00)

on Cash and Cash Equivalents 3,038.00 (6,609.00)

(44,402.00) 348,736.00

1,224,664.00 875,928.00 1,180,262.00 1,224,664.00

C. Net Cash Provided by (Used in) Financing Activities (sum of above rows)

Cash and Cash EquivalentsBeginning of yearEnd of year

NET INCREASE IN CASH AND CASH EQUIVALENTS (A + B + C)

Effect of Exhange Rate Changes

Page 7

GFFS (rev 2006)

FAX NO.:PSIC:

Capital Stock Treasury Stock Fair vale Gains (Losses)

Translation Differences Retained Earnings TOTAL

A. Balance, 704,370.00 (3,733.00) 5,461.00 - 2,086,063.00 2,792,161.00 (30,293.00) (30,293.00)

B. Restated Balance 704,370.00 (3,733.00) 5,461.00 - 2,055,770.00 2,761,868.00 C. - - (4,228.00) - - (4,228.00)

- - (4,228.00) - - (4,228.00)

C.4.1 1,286.00 1,286.00 C.4.2 (5,514.00) (5,514.00) C.4.3C.4.4C.4.5

D. 592,906.00 592,906.00 E. (315,287.00) (315,287.00) F. (450,000.00) (450,000.00)

(400,000.00) (400,000.00) (50,000.00) (50,000.00)

- G.

H.2H.3

H. 704,370.00 (3,733.00) 1,233.00 - 1,883,389.00 2,585,259.00

I. Restated Balance - J. - - (10,766.00) - - (10,766.00)

- - (10,766.00) - - (10,766.00) J.4.1 (8,016.00) (8,016.00) J.4.2 (2,750.00) (2,750.00) J.4.3 - J.4.4 - J.4.5

K. 566,998.00 566,998.00 L. (532,477.00) (532,477.00) M. - - - - -

N. 280,208.00 - - - - 280,208.00 280,208.00 280,208.00

N.2N.3

O. 984,578.00 (3,733.00) (9,533.00) - 1,917,910.00 2,889,222.00

Dividends (negative entry)Appropriation for (specify)

F.1

M.3

Surplus (Deficit) on Revaluation of Investments

(Amount in P'000)


A.1 Correction of Error(s)2007

TEL. NO.:

Net Income (Loss) for the Period

A.2 Changes in Accounting Policy

C.4 Other Surplus (specify)Currency Translation Differences

735-5621

Surplus (Deficit) on Revaluation of Properties

C.2


GENERAL FORM FOR FINANCIAL STATEMENTSFar Eastern University, Inc.NAME OF CORPORATION:

CURRENT ADDRESS: Nicanor Reyes Sr. Street, Sampaloc, Manila

Table 4. Statement of Changes in Equity

Fair value gains

C.3

COMPANY TYPE : Educational InstitutionIf these are based on consolidated financial statements, please so indicate in the caption.

SurplusC.1

Issuance of Capital StockF.7

Reclassification to profit

Expansion of facilities

H.1 Common Stock

General retirement

I.1 Correction of Error (s)

Preferred StockOthers

Balance, 2008

F.2

J.2 Surplus (Deficit) on Revaluation of Investments

J.3 Currency Translation Differences

I.2 Changes in Accounting Policy

SurplusJ.1 Surplus (Deficit) on Revaluation

of Properties


J.4 Other Surplus (specify)Fair value gains

Others

Dividends (negative entry)

M.1Appropriation for (specify)


M.3

M.2M.3

Balance, 2009

Preferred Stock

Issuance of Capital StockN.1 Common Stock

Page 8

GFFS (rev. 2006)

PSIC:

2009 2008( in P'000 ) ( in P'000 )

A.

A.1.1A.1.2

A.2A.2.1A.2.2

A.2.2.1A.2.2.2A.2.2.3

TEL. NO.: 735-5621 FAX NO.:CURRENT ADDRESS:

GENERAL FORM FOR FINANCIAL STATEMENTS


NAME OF CORPORATION:Nicanor Reyes Sr. Street, Sampaloc, ManilaFar Eastern University, Inc.

Table 5. Details of Income and Expenses, by source (applicable to corporations transacting with foreign corporations/entities)

F I N A N C I A L D A T AREVENUE / INCOME (A.1 + A.2)

A.1 Net Sales or Revenue / Receipts from Operations (manufacturing, mining,utilities, trade, services, etc.) (from Primary Activity) (A.1.1 +A.1.2)



Domestic Foreign, specify (A.2.2.1+A.2.2.2+ A.2.2.3+ A.2.2.4+ A.2.2.5+ A.2.2.6+A.2.2.7+ A.2.2.8+A.2.2.9+A.2.2.10)

DomesticForeign

Other Revenue (A.2.1 +A.2.2)

A.2.2.4A.2.2.5A.2.2.6A.2.2.7A.2.2.8 A.2.2.9

A.2.2.10B.

B.2.1B.2.2B.2.3B.2.4B.2.5B.2.6B.2.7B.2.8B.2.9

B.2.10

B.1 Domestic EXPENSES (B.1 + B.2)

B.2 Foreign, specify (B.2.1+B.2.2+B.2.3+B.2.4+B.2.5+B.2.6+B.2.7+B.2.8+B.2.9+B.2.10)

NOT APPLICABLE

Page 9

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

A. 3,889,828.00 3,578,156.00 2,698,851.00 2,485,084.00 1,231,350.00 1,283,505.00

136.00 147.00 1,231,214.00 1,283,358.00

138,152.00 113,434.00 138,152.00 113,434.00

A.1.2.1.1 64,246.00 54,371.00 A.1.2.1.2A.1.2.1.3 88,052.00 70,935.00

A.1.2.1.3.1 38,041.00 28,844.00 A.1.2.1.3.2 18,166.00 14,116.00 A.1.2.1.3.2 8,202.00 830.00 A.1.2.1.3.3 11,480.00 9,146.00 A.1.2.1.3.4 8,472.00 14,822.00 A.1.2.1.3.5 3,691.00 3,177.00

A.1.2.1.4 (14,146.00) (11,872.00) - -

A.1.2.2.1A.1.2.2.2

A.1.2.2.3A.1.2.2.4

- -

- - A.1.3.6.1A.1.3.6.2

- -

A.1.4.1.1A.1.4.1.2A.1.4.1.3A.1.4.1.4 A.1.4.1.5

20,000.00 -

A.1.4.2.1A.1.4.2.2A.1.4.2.3A.1.4.2.4 20,000.00 - A.1.4.2.5

A.1.3.2 Goods in process (including unfinished goods, growing crops, unfinished seeds)A.1.3.3 Finished goods


Allowance for doubtful accounts (negative entry)A.1.2.2 Due from foreign entities, specify

(A.1.3.2.1 + A.1.3.2.2 + A.1.3.2.3 + A.1.3.2.4)

Table 1. Consolidated Balance SheetF I N A N C I A L D A T A

In domestic banks/entities A.1.1.1

A.1.1.3


On handA.1.1.2

A.1.3 Inventories (A.1.3.1 + A.1.3.2 + A.1.3.3 + A.1.3.4 + A.1.3.5 + A.1.3.6)A.1.3.1 Raw materials and supplies

Held to Maturity Investments - issued by domestic entities (A.1.4.2.1 + A.1.4.2.2 + A.1.4.2.3 + A.1.4.2.4 + A.1.4.2.5)

National Government

A.1.4.2

ASSETS (A.1 + A.2 + A.3 + A.4 + A.5 + A.6 + A.7 + A.8 + A.9 + A.10)A.1 Current Assets (A.1.1 + A.1.2 + A.1.3 + A.1.4 + A.1.5)

A.1.1

Financial Assets other than Cash/Receivables/Equity investments (A.1.4.1 + A.1.4.2 + A.1.4.3 + A.1.4.4+A.1.4.5+A.1.4.6)


National Government

This general form is applicable to companies engaged in Agriculture, Fishery, Forestry, Mining, and Quarrying, Manufacturing, Electricity, Gas and Water, Construction, Wholesale andRetail Trade, Transportation, Storage and Communications, Hotels and Restaurants, Real Estate, Community, Social and Personal Services, other forms of production, and generalbusiness operations. This form is also applicable to other companies that do not have industry-specific Special Forms. Special forms shall be used by publicly-held companies and thoseengaged in non-bank financial intermediation activities, credit granting, and activities auxiliary to financial intermediation, which require secondary license from SEC.


NOTE:

CURRENT ADDRESS:

735-5621


Cash and cash equivalents (A.1.1.1 + A.1.1.2 + A.1.1.3)

Nicanor Reyes Sr. Street, Sampaloc, ManilaTEL. NO.:COMPANY TYPE : Educational Institution


GENERAL FORM FOR FINANCIAL STATEMENTSNAME OF CORPORATION: Far Eastern University, Inc. and Subsidiaries

In foreign banks/entities

A.1.4.1 Financial Assets at Fair Value through Profit or Loss - issued by domestic entities (A.1.4.1.1 + A.1.4.1.2 + A.1.4.1.3 + A.1.4.1.4 + A.1.4.1.5)

A.1.2 Trade and Other Receivables (A.1.2.1 + A.1.2.2) A.1.2.1 Due from domestic entities (A.1.2.1.1 + A.1.2.1.2 + A.1.2.1.3 + A.1.2.1.4)

Due from customers (Tuition and other fees)

A.1.3.6

A.1.3.4

FEU Educational Foundation, Inc.East Asia Educational Foundation, Inc. (EAFF)

Advances to employees


A.1.4


Merchandise/Goods in transitA.1.3.5 Unbilled Services (in case of service providers)

Accrued interestOther receivables

Rent receivable

Others, specify (A.1.2.1.3.1+A.1.2.1.3.2)

Others, specify (A.1.3.6.1+A.1.3.6.2)

Allowance for doubtful accounts (negative entry)

Page 1

Domestic corporations are those which are incorporated under Philippine laws or branches/subsidiaries of foreign corporations that are licensed to do business in the Philippineswhere the center of economic interest or activity is within the Philippines. On the other hand, foreign corporations are those that are incorporated abroad, including branches of Philippinecorporations operating abroad.

Financial Institutions are corporations principally engaged in financial intermediation, facilitating financial intermediation, or auxiliary financial services. Non-Financial institutions refer tocorporations that are primarily engaged in the production of market goods and non-financial services.

Page 1

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

A.1.4.3 - -

A.1.4.3.1A.1.4.3.2A.1.4.3.3A.1.4.3.4A.1.4.3.5

A.1.4.4 1,088,110.00 840,687.00

A.1.4.4.1 792,261.00 706,327.00 A.1.4.4.2A.1.4.4.3A.1.4.4.4 276,110.00 109,258.00 A.1.4.4.5 19,739.00 25,102.00

A.1.4.5 - - A.1.4.5.1A.1.4.5.2A.1.4.5.3A.1.4.5.4

32,186.00 58,405.00 A.1.5.1A.1.5.2A.1.5.3

783,638.00 660,984.00 197,384.00 197,384.00 654,637.00 517,435.00

152,887.00 129,074.00 A.2.5.1 Furniture and Equipment 115,456.00 107,581.00 A.2.5.2 Miscellaneous Equipment 13,516.00 12,409.00 A.2.5.3 23,915.00 9,084.00 A.2.5.4A.2.5.5

- - A.2.6.1A.2.6.2A.2.6.3A.2.6.4

(221,270.00) (182,909.00) A.2.8 Impairment Loss or Reversal (if loss, negative entry)

7,056.00 39,176.00

7,056.00 39,176.00 A.3.3.1 7,056.00 7,105.00 A.3.3.2 - 32,071.00 A.3.3.3A.3.3.4

Investment Property 364,903.00 363,737.00 Biological Assets

A.6.1.1A.6.1.2A.6.1.3A.6.1.4

A.6.2.1A.6.2.2A.6.2.3A.6.2.4

A.7 189,053.00 189,053.00 A.8

A.2.1 Land

A.1.4.6 Allowance for decline in market value (negative entry)

Building and improvements including leasehold improvement

A.1.5 Other Current Assets (state separately material items) (A.1.5.1 + A.1.5.2 + A.1.5.3

A.2.2

A.2 Property, plant, and equipment (A.2.1 + A.2.2 + A.2.3 + A.2.4 + A.2.5 + A.2.6 + A.2.7+A.2.8

A.3

A.6

Assets included in Disposal Groups Classified as Held for SaleAssets Classified as Held for Sale


Financial Assets at fair value through profit or loss

A.2.3 Machinery and equipment (on hand and in transit)A.2.4 Transportation/motor vehicles, automotive equipment, autos and trucks, and delivery equipmen

A.6.1 Major item/s, specify (A.6.1.1 + A.6.1.2 + A.6.1.3 + A.6.1.4)

A.4

A.2.7 Accumulated Depreciation (negative entry)

A.5

A.2.5 Others, specify (A.2.5.1 + A.2.5.2 + A.2.5.3 + A.2.5.4 + A.2.5.5)

National Government


Equity in foreign branches/subsidiaries/affiliates

Available-for-sale financial assets - issued by domestic entities:(A.1.4.4.1 + A.1.4.4.2 + A.1.4.4.3 + A.1.4.4.4 + A.1.4.4.5)


Appraisal increase, specify (A.2.6.1 + A.2.6.2 + A.2.6.3 + A.2.6.4)

Investment in subsidiaries and an associates

Construction-in-progress

Held-to-maturity investments

Investments accounted for using the equity method (A.3.1 + A.3.2 + A.3.3 )



Available-for-sale financial assets


735-5621



If these are based on consolidated financial statements, please so indicate in the caption.Educational Institution

Equity in domestic subsidiaries/affiliatesA.3.2

National Government

COMPANY TYPE :

Held-to-maturity investmentsLoans and Receivables


Loans and Receivables - issued by domestic entities:(A.1.4.3.1 + A.1.4.3.2 + A.1.4.3.3 + A.1.4.3.4 + A.1.4.3.5)

Financial Assets issued by foreign entities: (A.1.4.5.1+A.1.4.5.2+A.1.4.5.3+A.1.4.5.4

Others, specify (A.6.2.1 + A.6.2.2 + A.6.2.3 + A.6.2.4)

Intangible Assets (A.6.1 + A.6.2)

Others, specify (A.3.1.1 + A.3.2.1 + A.3.3.1 + A.3.3.4)A.3.3

A.3.1

A.6.2

A.2.6

Page 2

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

Long-term receivables (net of current portion) (A.9.1 + A.9.2 + A.9.3 - - A.9.1. - -

A.9.1.1A.9.1.2A.9.1.3A.9.1.4

A.9.2A.9.2.1A.9.2.2A.9.2.3A.9.2.4

A.9.3Other Assets (A.10.1 + A.10.2 + A.10.3 + A.10.4+A.10.5) 35,380.00 29,175.00

9,229.00 11,357.00

26,151.00 17,818.00 A.10.4.1 26,151.00 17,818.00

A.10.4.2A.10.4.3A.10.4.4

B. LIABILITIES (B.1 + B.2 + B.3 + B.4 + B.5) 560,025.00 589,491.00 Current Liabilities (B.1.1 + B.1.2 + B.1.3 + B.1.4 + B.1.5 + B.1.6 + B.1.7) 478,036.00 501,211.00

352,760.00 422,246.00 B.1.1.1 Loans/Notes Payables 3,103.00 1,896.00

B.1.1.2 Trade Payables 41,671.00 35,782.00 B.1.1.3 - -

B.1.1.3.1B.1.1.3.2B.1.1.3.3

B.1.1.4 307,986.00 384,568.00 B.1.1.4.1 58,499.00 140,701.00 B.1.1.4.2 36,902.00 41,886.00 B.1.1.4.3 87,798.00 54,621.00 B.1.1.4.4 36,514.00 43,934.00 B.1.1.4.5 34,362.00 27,340.00 B.1.1.4.6 33,746.00 46,555.00 B.1.1.4.7 9,832.00 23,551.00 B.1.1.4.8 10,333.00 5,980.00

- - B.1.2.1B.1.2.2B.1.2.3B.1.2.4

- -

B.1.4.1 B.1.4.2 B.1.4.3 B.1.4.4

B.1.5 48,721.00 54,677.00 B.1.6

76,555.00 24,288.00

B.1.7.1 Dividends declared and not paid at balance sheet date B.1.7.2 Acceptances Payable B.1.7.3 Liabilities under Trust Receipts B.1.7.4 Portion of Long-term Debt Due within one year B.1.7.5 Deferred income 76,555.00 24,288.00 B.1.7.6 - -


From foreign entities, specify (A.9.2.1 + A.9.2.2 + A.9.2.3 + A.9.2.4)

Amount due to students

Dividends payable

Other current liabilitiesDeposits payable

Deferred Income Tax

Allowance for doubtful accounts, net of current portion (negative entry)

A.10.2

B.1.1

A.10.1A.10

B.1

Allowance for write-down of deferred charges/bad accounts (negative entry)

B.1.3 Provisions

B.1.7

Accrued expensesWithholding and other taxes payable

B.1.2



B.1.4

Other non-current assets

Payable to FEU retirement plan




Table 1. Consolidated Balance Sheet

A.9From domestic entities, specify (A.9.1.1 + A.9.1.2 + A.9.1.3 + A.9.1.4)

TEL. NO.:

A.10.5


A.10.3 Advance/Miscellaneous depositsA.10.4 Others, specify (A.10.4.1 + A.10.4.2 + A.10.4.3 + A.10.4.4)

Deferred charges - net of amortization

Nicanor Reyes Sr. Street, Sampaloc, Manila

Trade and Other Payables to Domestic Entities

Payables to Related Parties, specify (B.1.1.3.1 + B.1.1.3.2 + B.1.1.3.3)

Others, specify (If material, state separately; indicate if the item is payable to public/private or financial/non-financial institutions)

Deferred Tax Liabilities

Any other current liability in excess of 5% of Total Current Liabiilities, specify:(B.1.7.6.1 + B.1.7.6.2 + B.1.7.6.3 + B.1.7.6.4)

Financial Liabilities (excluding Trade and Other Payables and Provisions)(B.1.4.1 + B.1.4.2 + B.1.4.3)

Liabilities for Current Tax

Funds payable

Trade and Other Payables to Foreign Entities (specify) (B.1.2.1+B.1.2.2+B.1.2.3+B.1.2.4)

Others, specify (B.1.1.4.1 + B.1.1.4.2 + B.1.1.4.3)

Page 3

B.1.7.6.1 B.1.7.6.2 B.1.7.6.3 B.1.7.6.4

Page 3

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

10,327.00 -

10,327.00 - -

Indebtedness to Affiliates and Related Parties (Non-Current)B.4

Other Liabilities (B.5.1 + B.5.2) 71,662.00 88,280.00 13,171.00 12,118.00 58,491.00 76,162.00

B.5.2.1 58,491.00 76,162.00 B.5.2.2 B.5.2.3 B.5.2.4

C. 3,329,803.00 2,988,665.00 100,000.00 100,000.00

100,000.00 100,000.00

Subscribed Capital Stock (no. of shares, par value and total value) (C.2.1 + C.2.2 + C.2.3 - -

Paid-up Capital Stock (C.3.1 + C.3.2) 984,578.00 704,370.00 Common shares 984,578.00 704,370.00 Preferred Shares

Additional Paid-in Capital / Capital in excess of par value / Paid-in SurplusMinority Interest 314,945.00 295,973.00 Others, specify (C.6.1 + C.6.2 + C.6.3 + C.6.4 + C.6.5)

Appraisal Surplus/Revaluation Increment in Property/Revaluation Surplus (9,533.00) 1,233.00 Retained Earnings (C.8.1 + C.8.2) 2,043,546.00 1,990,822.00

Appropriated 975,099.00 1,147,161.00 Unappropriated 1,068,447.00 843,661.00

Head / Home Office Account (for Foreign Branches only)Cost of Stocks Held in Treasury (negative entry) (3,733.00) (3,733.00)

3,889,828.00 3,578,156.00

C.3

C.6

C.3.1

C.2.3

C.3.2

D. TOTAL LIABILITIES AND EQUITY (B + C)

C.9

C.8.1C.8.2

C.10

C.8

C.4

C.7C.6.5

C.6.2

C.5

C.6.4

C.6.1

C.6.3

OthersC.2.2

B.2.1 Domestic Public Financial Institutions

B.5

C.1

Liabilities Included in the Disposal Groups Classified as Held for Sale

Others, specify (B.5.2.1 + B.5.2.2 + B.5.2.3 + B.5.2.4) B.5.1

C.1.3

C.2.1 Common sharesC.2

OthersC.1.2

B.2.4

Deferred Income Tax

B.3



Preferred Shares

Preferred Shares

EQUITY (C.3 + C.4 + C.5 + C.6 + C.7 + C.8 + C.9+C.10)

C.1.1

B.2.5Domestic Private Non-Financial Institutions


Common shares

Authorized Capital Stock (no. of shares, par value and total value; show details) (C.1.1+C.1.2+C.1.3)

Domestic Public Non-Financial Institutions

Foreign Financial Institutions

10,000,000 shares, P100 par value, P1,000,000,000

CURRENT ADDRESS: Nicanor Reyes Sr. Street, Sampaloc, Manila735-5621 TEL. NO.:


Trust fundsB.5.2


B.2.2Domestic Private Financial Institutions B.2.3

Long-term Debt - Non-current Interest-bearing Liabilities (B.2.1 + B.2.2 + B.2.3 + B.2.4 + B.2.5)B.2

Page 4

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

A. 1,858,510.00 1,784,048.00 1,611,808.00 1,580,683.00

A.2

125,845.00 96,946.00 50,438.00 41,290.00

-

75,407.00 55,656.00

A.3.5.1 Miscellaneous income 75,407.00 55,656.00 A.3.5.2A.3.5.3A.3.5.4A.3.5.5A.3.5.6A.3.5.7

120,857.00 106,419.00 120,857.00 106,419.00

A.4.3.1A.4.3.2A.4.3.3A.4.3.4

A.4.4.1A.4.4.2A.4.4.3A.4.4.4

B. - - - -

C. - -

D. - -

Share in the Profit or Loss of Associates and Joint Ventures accounted for using the Equity Method

A.4.3

A.4.4 Gain / (Loss) on Foreign Exchange (A.4.4.1 + A.4.4.2 + A.4.4.3 + A.4.4.4)

Other Revenue (A.3.1 + A.3.2 + A.3.3 + A.3.4 + A.3.5) A.3.1A.3.2

A.3.4 Royalties, Franchise Fees, Copyrights (books, films, records, etc.)

REVENUE / INCOME (A.1 + A.2 + A.3 + A.4) A.1 Net Sales or Revenue / Receipts from Operations (manufacturing, mining,utilities, trade,

services, etc.) (from Primary Activity)

Table 2. Consolidated Income Statement






A.3

Receipts from Sale of Merchandise (trading) (from Secondary Activity)Rental Income from Land and Buildings

A.3.3 Sale of Real Estate or other Property and Equipment


Nicanor Reyes Sr. Street, Sampaloc, ManilaTEL. NO.:

Cost of Goods Manufactured (B.1.1 + B.1.2 + B.1.3 + B.1.4 + B.1.5)B.1.1 Direct Material Used

B.1

A.3.5 Others, specify (A.3.5.1 + A.3.5.2 + A.3.5.3 + A.3.5.4 + A.3.5.5 +A.3.5.6 + A.3.5.7)

Gain / (Loss) from selling of Assets, specify(A.4.3.1 + A.4.3.2 + A.4.3.3 + A.4.3.4 + A.4.3.5 + A.4.3.6 + A.4.3.7)

Other Income (non-operating) (A.4.1 + A.4.2 + A.4.3 + A.4.4) A.4A.4.1 Finance income A.4.2 Dividend Income

C.2

Finished Goods, Beginning Goods in Process, End (negative entry)

COST OF SALES (C.1 + C.2 + C.3)

B.1.5B.2

C.1

Goods in Process, Beginning

Finished Goods, End (negative entry)

B.1.2 Direct Labor B.1.3

Merchandise Inventory, BeginningC.3 Merchandise Inventory, End (negative entry)COST OF SERVICES, SPECIFY (D.1 + D.2 + D.3 + D.4 + D.5 + D.6)

D.2D.1

Purchases

B.3

B.1.4 Other Manufacturing Cost / Overhead

COST OF GOODS SOLD (B.1 + B.2 + B.3)

D.3D.4D.5D.6

Page 5

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

E. - - E.1E.2E.3E.4E.5E.6

F. 1,858,510.00 1,784,048.00 G. 1,148,639.00 1,059,813.00

G.1 Selling or Marketing ExpensesG.2 Administrative Expenses 173,184.00 155,383.00 G.3 General Expenses 107,466.00 92,225.00 G.4 Other Expenses, specify (G.4.1 + G.4.2 + G.4.3 + G.4.4 + G.4.5 + G.4.6) 867,989.00 812,205.00

G.4.1 Education-related expenditures 867,940.00 812,180.00 G.4.2 49.00 25.00 G.4.3 G.4.4 G.4.5G.4.6

H. 17,582.00 22,882.00 I. 692,289.00 701,353.00 J. 3,999.00 - K. 696,288.00 701,353.00 L. INCOME TAX EXPENSE (negative entry) (86,995.00) (87,547.00) M. INCOME AFTER TAX 609,293.00 613,806.00 N.

N.1N.2

O. Profit or Loss Attributable to Minority Interest 24,093.00 13,113.00 P. Profit or Loss Attributable to Equity Holders of the Parent 585,200.00 600,693.00







735-5621

Table 2. Consolidated Income Statement

Amount of (i) Post-Tax Profit or Loss of Discontinued Operations; and (ii) Post-Tax Gain or Loss Recognized on theMeasurement of Fair Value less Cost to Sell or on the Disposal of the Assets or Disposal Group(s) constituting the Discontinued Operation (if any)

OPERATING EXPENSES (G.1 + G.2 + G.3 + G.4)

NET INCOME (LOSS) BEFORE TAX ( F - G - H)FINANCE COSTS

Equity in net losses of an associates

OTHER DIRECT COSTS, SPECIFY (E.1 + E.2 + E.3 + E.4 + E.5 + E.6)

PREACQUISITION INCOMENET INCOME (LOSS) BEFORE TAX ( I + J )

GROSS PROFIT (A - B - C - D - E)

Page 6

GFFS (rev 2006)

FAX NO.:PSIC:

2009 2008( in P'000 ) ( in P'000 )

696,288.00 701,353.00

52,944.00 46,899.00 Amortization, specify

Others, specify: (117,819.00) (106,419.00) 17,581.00 17,451.00

Preacquisition income (3,999.00) - (3,038.00) 4,748.00

Gain on disposal of property and equipment (726.00) - Equity in net losses of associates 49.00 25.00 Loss on sale of investment - 2,842.00

Decrease (Increase) in:Receivables (33,857.00) (20,512.00) Real estate held for sale - (232.00) Other Current Assets 23,374.00 (27,603.00) Others, specify:

Increase (Decrease) in:Trade and Other Payables (13,086.00) 51,898.00

Others, specify: 52,268.00 16,723.00 Trust funds (17,671.00) (25,109.00)

Cash paid for taxes (86,925.00) (78,127.00)

565,383.00 583,937.00

(Increase) Decrease in held-to-maturity investments 12,071.00 258.00 (Increase) Decrease in other non-current assets (8,335.00) (2,161.00) Reductions/(Additions) to Property, Plant, and Equipment (147,865.00) (48,698.00) Others, specify: (258,189.00) (13,871.00)

Acquisition of investment property (15,723.00) (96,148.00) 726.00 -

Additional investment in subsidiaries (1,122.00) - 109,929.00 87,525.00

(308,508.00) (73,095.00)

LoansLong-term DebtIssuance of SecuritiesOthers, specify:

(Notes Payable) (2,192.00) (1,754.00) (Long-term Debt)(Stock Subscriptions)

(309,876.00) (194,554.00) Dividends paidOthers, specify (negative entry):

Finance income

Write-down of Property, Plant, and Equipment

Payments of:


Table 3. Consolidated Cash Flow Statements


Acquisition of available-for-sale investments

Unrealized foreign exchange loss (gain)

CURRENT ADDRESS:735-5621Nicanor Reyes Sr. Street, Sampaloc, Manila

NAME OF CORPORATION:GENERAL FORM FOR FINANCIAL STATEMENTS

Far Eastern University, Inc. and Subsidiaries

CASH FLOWS FROM OPERATING ACTIVITIESNet Income (Loss) Before Tax and Extraordinary ItemsAdjustments to Reconcile Net Income to Net Cash Provided by Operating Activities

Depreciation

TEL. NO.:COMPANY TYPE : Educational InstitutionIf these are based on consolidated financial statements, please so indicate in the caption.

CASH FLOWS FROM INVESTING ACTIVITIES

Changes in Assets and Liabilities:

CASH FLOWS FROM FINANCING ACTIVITIES

Deferred income

Interest received

Impairment loss on receivables

Proceeds from disposal of property and equipment

A. Net Cash Provided by (Used in) Operating Activities (sum of above rows)

(Increase) Decrease in Long-Term Receivables

B. Net Cash Provided by (Used in) Investing Activities (sum of above rows)

Proceeds from:

Page 7

(312,068.00) (196,308.00)

on Cash and Cash Equivalents 3,038.00 (6,608.00)

(52,155.00) 307,926.00

1,283,505.00 975,579.00 1,231,350.00 1,283,505.00

C. Net Cash Provided by (Used in) Financing Activities (sum of above rows)

Cash and Cash EquivalentsBeginning of yearEnd of year

NET INCREASE IN CASH AND CASH EQUIVALENTS (A + B + C)

Effect of Exhange Rate Changes

Page 7

GFFS (rev 2006)

FAX NO.:PSIC:

Capital Stock Treasury Stock Fair vale Gains (Losses)

Translation Differences Retained Earnings Minority Interest TOTAL

A. Balance, 704,370.00 (3,733.00) 5,571.00 - 2,176,158.00 282,860.00 3,165,226.00 (20,743.00) (20,743.00)

B. Restated Balance 704,370.00 (3,733.00) 5,571.00 - 2,155,415.00 282,860.00 3,144,483.00 C. - - (4,338.00) - - (4,338.00)

- - (4,338.00) - - - (4,338.00)

C.4.1 1,176.00 1,176.00 C.4.2 (5,514.00) (5,514.00) C.4.3C.4.4C.4.5

D. 600,693.00 13,113.00 613,806.00 E. (315,286.00) (315,286.00) F. (450,000.00) (450,000.00)

(400,000.00) (400,000.00) (50,000.00) (50,000.00)

- G.

H.2H.3

H. 704,370.00 (3,733.00) 1,233.00 - 1,990,822.00 295,973.00 2,988,665.00

I. Restated BalanceJ. - - (10,766.00) - - (10,766.00)

- - (10,766.00) - - (10,766.00) J.4.1 (8,016.00) (8,016.00) J.4.2 (2,750.00) (2,750.00) J.4.3 - J.4.4 - J.4.5 -

K. 585,200.00 24,093.00 609,293.00 L. (532,477.00) (532,477.00) M. - - - - -

N. 280,208.00 - - - - 280,208.00 280,208.00

N.2N.3

O. - - - - - (5,120.00) (5,120.00) P. 984,578.00 (3,733.00) (9,533.00) - 2,043,545.00 314,946.00 3,329,803.00

Appropriation for (Additional)F.1

M.3M.3

Surplus (Deficit) on Revaluation of Investments

(Amount in P'000)


A.1 Correction of Error(s)2007

TEL. NO.:


A.2 Changes in Accounting Policy

C.4 Other Surplus (specify)Currency Translation Differences

735-5621

Surplus (Deficit) on Revaluation of Properties

C.2


GENERAL FORM FOR FINANCIAL STATEMENTSFar Eastern University, Inc. and SubsidiariesNAME OF CORPORATION:

CURRENT ADDRESS: Nicanor Reyes Sr. Street, Sampaloc, Manila

Table 4. Consolidated Statement of Changes in Equity

Fair value gains

C.3

COMPANY TYPE : Educational InstitutionIf these are based on consolidated financial statements, please so indicate in the caption.

SurplusC.1


Expansion of facilities


General retirement

I.1 Correction of Error (s)

Preferred StockOthers

Balance, 2008

F.2

Issuance of Capital StockF.7

I.2 Changes in Accounting Policy

SurplusJ.1 Surplus (Deficit) on Revaluation

of Properties

H.1 Common Stock

J.4 Other Surplus (specify)Fair value gains

J.2 Surplus (Deficit) on Revaluation of Investments

J.3 Currency Translation Differences



OthersDecrease in Minority Interest


M.1Appropriation for (Reversal)

M.2M.3

Balance, 2009

Preferred Stock

Issuance of Capital StockN.1 Common Stock

Page 8

GFFS (rev. 2006)

PSIC:

2009 2008( in P'000 ) ( in P'000 )

A.

A.1.1A.1.2

A.2A.2.1A.2.2

A.2.2.1A.2.2.2A.2.2.3

TEL. NO.: 735-5621 FAX NO.:CURRENT ADDRESS:

GENERAL FORM FOR FINANCIAL STATEMENTS


NAME OF CORPORATION:Nicanor Reyes Sr. Street, Sampaloc, ManilaFar Eastern University, Inc. and Subsidiaries

Table 5. Details of Income and Expenses, by source (applicable to corporations transacting with foreign corporations/entities)

F I N A N C I A L D A T AREVENUE / INCOME (A.1 + A.2)

A.1 Net Sales or Revenue / Receipts from Operations (manufacturing, mining,utilities, trade, services, etc.) (from Primary Activity) (A.1.1 +A.1.2)



Domestic Foreign, specify (A.2.2.1+A.2.2.2+ A.2.2.3+ A.2.2.4+ A.2.2.5+ A.2.2.6+A.2.2.7+ A.2.2.8+A.2.2.9+A.2.2.10)

DomesticForeign

Other Revenue (A.2.1 +A.2.2)

A.2.2.4A.2.2.5A.2.2.6A.2.2.7A.2.2.8 A.2.2.9

A.2.2.10B.

B.2.1B.2.2B.2.3B.2.4B.2.5B.2.6B.2.7B.2.8B.2.9

B.2.10

B.1 Domestic EXPENSES (B.1 + B.2)

B.2 Foreign, specify (B.2.1+B.2.2+B.2.3+B.2.4+B.2.5+B.2.6+B.2.7+B.2.8+B.2.9+B.2.10)

NOT APPLICABLE

Page 9

Documents

GFFS (rev 2006) - FEU Investor Relationsinvestors.feu.edu.ph/reports new format/2009/072909/cover...Due from customers (Tuition and other fees) Control No.: Form Type: GENERAL FORM