Annual Reports

August 16, 1988 SEC-BED * MEMORANDUM CIRCULAR NO. 07-88 TO : All Issuers of Registered Securities RE : Annual Reports Be it known by all issuers of registered securities who are required to submit Annual Reports that henceforth, the Commission mandates them to incorporate in said reports the following information: llcd I. CORPORATE PROFILE 1. Brief description of business undertaken by the corporation. 2. Members of the Board of Directors 3. Officers 4. Transfer Agent 5. Auditor 6. Legal Counsel 7. Broker/Underwriter 8. Corporate offices II. FINANCIAL HIGHLIGHTS 1. Financial Statements shall include among others a) Pre-Operating Accountability Statement b) Statement of Investment of Stockholders c) Balance Sheet/Deficits d) Statement of Income/Deficit and Retained Earnings e) Statement of Changes in Financial Position 2. Notes to Financial Statements 3. Current Assets 4. Total Assets 5. Total Liabilities 6. Stockholders' Equity 7. Subscription Receivables 8. Total Revenues 9. Net Income/Earnings 10. Per Common Share a) Primary Earnings b) Total Taxes c) Dividends Paid d) Book Value 11. Number of shares outstanding 12. Number of stockholders 13. Tax Information a) Income Tax Expense b) All others e.g. principally payrolled & property taxes c) Total taxes III. REPORT ON OPERATIONS 1. Domestic 2. International IV. AUDITOR'S REPORT Further, the requirement of their submission within fifteen (15) days after the annual stockholders' meeting shall henceforth be strictly enforced. Violation hereof shall be a ground for the suspension of the effectivity of the registration statement of the erring corporation. For strict compliance. cdlex (SGD.) ROSARIO N. LOPEZ Associate Commissioner