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Analysis on Semirara Mining Corporation for the Year 2010-2011

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Analysis on Semirara Mining Corporation for the Year 2010-2011
TABLE OF CONTENTS:

EXECUTIVE SUMMARY: ...................................................................................... 3

COMPANY INTRODUCTION: ................................................................................ 4

CONSOLIDATED FINANCIAL STATEMENTS …………………………………………………………. 11 December 31, 2011 and 2010 and Years Ended December 31, 2011, 2010 And 2009 and Independent Auditors’ Report
ANALYSIS OF FINANCIAL STATEMENT BALANCE SHEET DECEMBER 31, 2010 AND 2011: ……………………………….. 49 BALANCE SHEET DECEMBER 31, 2011 AND 2010 HORIZONTAL ANALYSIS: ............................................................... 50 VERTICAL ANALYSIS: ................................................................... 51 INCOME STATEMENT DECEMBER 31 2010 AND 2011: …………………………. 52 HORIZONTAL ANALYSIS: .............................................................. 53 VERTICAL ANALYSIS: ................................................. ………………….. 54
FINANCIAL ANALYSIS: HORIZONTAL ANALYSIS: ………………………………………………………………………. 55 VERTICAL ANALYSIS: ……………………………………………………………………….….... 59 FINANCIAL RATIOS: ……………………………………………………………………………… 60 CONCLUSION: …………………………………………………………………………………………………. 64

RECOMMENDATION: ………………………………………………………………………………………. 65

APPENDIX: ……………………………………………………………………………………………………… 66
COMPUTATIONS OF FINANCIAL RATIOS

EXECUTIVE SUMMARY

The attached report analyzes the financial position of Semirara Mining Corporation. Semirara Mining Corporation is a publicly-listed mining company and a subsidiary of the DMCI Holdings, Inc. The company is engage in the business of coal mining and coal production. As of now, Semirara Mining Corporation is the only large-scale coal producer in the Philippines and is engaged in surface open cut mining of thermal coal from its Panian mine on Semirara Island, in the Antique Province. The company is publicly traded on the Philippines Stock Exchange (PSE).
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