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FINANCIALSTATEMENT ANALYSIS

MEGAWORLD CORPORATION

BELLE CORPORATION

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REAL ESTATE PROPERTY SECTOR

MEGAWORLD CORPORATION

Incorporated in 199! "o#nded $% Andre& Tan

Went p#$'ic in 199(

Introd#ced 1) *#cce**"#' 'ar+e,*ca'e! -a*ter,p'anned -i.ed,#*e to&n*/ip* acro** t/eco#ntr%

Re*identia' de0e'oper o" condo-ini#-* ando""ice $#i'din+* to *#pport t/e +ro&in+ de-ando" BPO

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REAL ESTATE PROPERTY SECTOR

BELLE CORPORATION

Incorporated in 192

Li*ted in PSE in 19

Rea' e*tate de0e'oper o" /i+/,end 'ei*#re

propertie* and 0ario#* in0e*t-ent /o'din+*

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3ERTICAL ANALYSIS

C#rrent a**et* co-po*ed a 'ar+er *'ice in t/etota' a**et* *ection

C#rrent 'ia$i'itie* o0er tota' 'ia$i'itie* ande4#it% dec'ined in %ear 5612

7i+/er e4#it% t/an 'ia$i'itie*

I-pro0ed per"or-ance in t/e %ear 5612

E4#it% a* a percenta+e o" tota' 'ia$i'itie* ande4#it% i* 8,9 /i+/er in BEL t/an MEG

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3ERTICAL ANALYSIS

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3ERTICAL ANALYSIS

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7ORI:ONTAL ANALYSIS

Tota' A**et* acce'erated in 5612 $#t co#p'ed &it/increa*e in Tota' Lia$i'itie*

Be''e;* tota' 'ia$i'itie* increa*ed $% 2 in 5612! ()/i+/er t/an Me+a&or'd;*

Be''e;* +reater re0en#e* ca-e "ro- 'ea*e inco-e andintere*t inco-e &/i'e Me+a&or'd ?* re0en#e* &ere

"ro- di0er*i"ied *o#rce* =rea' e*tate *a'e*! intere*tand renta' inco-e>

Tota' co-pre/en*i0e inco-e o" Be''e increa*ed 15.-ore t/an Me+a&or'd;* +ro&t/ rate

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7ORI:ONTAL ANALYSIS

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7ORI:ONTAL ANALYSIS

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RATIO ANALYSIS

In 5612! Be''e pro0ide* a /i+/er ROA d#e toe.ceptiona''% /i+/ earnin+* +ro&t/ in t/at %ear

Me+a&or'd pre*ent* $etter Tota' A**et t#rno0er! ARt#rno0er! in0entor% t#rno0er! and "i.ed a**ett#rno0er