STATEMENT OF INCOME For the Months Ended December 31, 2011 and 2010
Year to Date 2011
Year to Date 2010
REVENUES Leases Port Services Tourism Services Other Operating Income TOTAL REVENUES
907,064,858 301,736,875 8,552,780 181,417,891 1,398,772,404
869,880,034 357,009,924 11,564,559 186,344,674 1,424,799,191
266,367,799 803,815,381 1,070,183,180 328,589,224
280,140,704 777,934,587 1,058,075,291 366,723,900
EXPENSES Manpower Services - PS Maintenance and Other Operating Expenses TOTAL EXPENDITURES INCOME (LOSS) FROM OPERATIONS OTHER INCOME (EXPENSES) Interest Income Interest on Loans Guarantee Fee and Other Charges INCOME (LOSS) FROM OPERATIONS BEFORE DEPRECIATION, FOREX LOSS/GAIN & TAX Depreciation Expense Gain (Loss) on Foreign Exchange INCOME (LOSS) BEFORE INCOME TAX INCOME TAX
55,783,392 (141,937,583) (113,805,555) 128,629,478
63,616,883 (148,142,591) (106,143,117) 176,055,074
(676,523,406) (565,757,043) (1,113,650,970) 5,033,672
(720,119,022) (659,165,605) (1,203,229,553) 419,048
NET LOSS
(1,118,684,641)
(1,203,648,601)
Certified Correct by:
EMILIA S. CANONIZADO Manager, Accounting Dept.
Noted by:
ROBERTO V. GARCIA Chairman and CEO