EX-99.6 2 c01100exv99w6.htm EXHIBIT 6 Exhibit 6
EXHIBIT 6
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
Computation of Earnings Per Share
For the years 2006 through 2009
Amounts in conformity with IFRS
                                         
    2009(1)     2009     2008     2007     2006  
    (in millions, except earnings per common share)  
Earnings per share for the year attributable to common equity holders of PLDT
                                       
Basic
                                       
Net income attributable to equity holders of PLDT
  US$ 857     Php 39,781     Php 34,317     Php 39,289     Php 32,385  
Add (Deduct): Dividends on preferred shares
    (10 )     (457 )     (455 )     (457 )     (455 )
Accretion to redemption value of preferred stock subject to mandatory conversion
                             
 
                             
Net income attributable to common shareholders
  US$ 847     Php 39,324     Php 33,862     Php 38,832     Php 31,930  
 
                             
Diluted
                                       
Net income attributable to equity holders of PLDT
  US$ 857     Php 39,781     Php 34,317     Php 39,289     Php 32,385  
Add (Deduct): Dividends on preferred shares
    (10 )     (457 )     (455 )     (457 )     (455 )
Dividends on dilutive preferred stock subject to mandatory redemption charged to interest expense for the year
                      17        
Accretion to redemption value of preferred stock subject to mandatory conversion
                      131        
Foreign exchange gains on preferred stock subject to mandatory conversion
                      (182 )      
 
                             
Net income applicable to common shareholders
  US$ 847     Php 39,324     Php 33,862     Php 38,798     Php 31,930  
 
                             
Basic
                                       
Weighted average number of common shares (in thousands)
                                       
Outstanding common shares, beginning
            187,484       188,741       188,435       180,789  
Effect of issuance of common shares during the year
            15       542       221       3,667  
Effect of purchase of treasury stock during the year
            (583 )     (1,120 )            
 
                             
 
            186,916       188,163       188,656       184,456  
 
                             
Diluted
                                       
Weighted average number of common shares (in thousands)
                                       
Outstanding common shares, beginning
            187,484       188,741       188,435       180,789  
Effect of issuance of common shares during the year
            15       542       221       3,667  
Average incremental number of shares under ESOP(2)
            21       13       38       98  
Effect of purchase of treasury stock during the year
            (583 )     (1,120 )            
Common shares equivalent of preferred shares deemed dilutive:
                                       
Preferred stock Series VI
                        680        
 
                             
 
            186,937       188,176       189,374       184,554  
 
                             
Earnings per share
                                       
Basic
    4.53       210.38       179.96       205.84       173.10  
Diluted
    4.53       210.36       179.95       204.88       173.01  
 
     
(1)   We maintain our accounts in Philippine pesos, the functional and presentation currency under IFRS and U.S. GAAP. For convenience, the peso financial information as at and for the year ended December 31, 2009 has been translated into U.S. dollars at the exchange rate of Php46.425 to US$1.00, the peso-dollar rate as quoted through the Philippine Dealing System as at December 31, 2009.
 
(2)   The dilutive effect of the outstanding options is reflected as additional share dilution in the computation of earnings per common share, see Note 7 — Earnings per Common Share to the accompanying consolidated financial statements in Item 18 for further discussion.

 

 


 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
Computation of Operating Income and Earnings Per Share
For the year 2005

Amounts in conformity with U.S. GAAP
         
    (in millions, except net  
    operating income per  
    common share)  
1. Operating income per share
       
Basic
       
Operating income
  Php 48,514  
Deduct: Dividends on convertible preferred shares
    1,677  
Accretion of redemption value of preferred stock subject to mandatory conversion
    1,443  
 
     
Operating income applicable to common shareholders
  Php 45,394  
 
     
Diluted
       
Operating income
  Php 48,514  
Deduct: Dividends on convertible preferred shares
    70  
Accretion of redemption value of preferred stock subject to mandatory conversion
    1,746  
 
     
Operating income applicable to common shareholders
  Php 46,698  
 
     
Basic
       
Weighted average number of common shares (in thousands)
       
Outstanding common shares, beginning
    170,214  
Effect of issuance of common shares during the year
    1,855  
 
     
 
    172,069  
 
     
Diluted
       
Weighted average number of common shares (in thousands)
       
Outstanding common shares, beginning
    170,214  
Effect of issuance of common shares during the year
    1,855  
Weighted average number of shares under ESOP during the year(1)
    94  
Common shares equivalent of preferred shares deemed dilutive
    10,858  
 
     
 
    183,021  
 
     
Operating income per share
       
Basic
  Php 263.81  
Diluted
    255.15  
 
       
2. Earnings per share
       
Basic
       
Net income after cumulative effect of change in accounting policy
  Php 40,603  
Deduct: Dividends on convertible preferred shares
    1,677  
Accretion to redemption value of preferred stock subject to mandatory conversion
    1,443  
 
     
Net income attributable to common shareholders
  Php 37,483  
 
     
Diluted
       
Net income (loss) after cumulative effect of change in accounting policy
  Php 40,603  
Deduct: Dividends on convertible preferred shares
    70  
Accretion to redemption value of preferred stock subject to mandatory conversion
    1,746  
 
     
Net income applicable to common shareholders
  Php 38,787  
 
     
Basic
       
Weighted average number of common shares (in thousands)
       
Outstanding common shares, beginning
    170,214  
Effect of issuance of common shares during the year
    1,855  
 
     
 
    172,069  
 
     
Diluted
       
Weighted average number of common shares (in thousands)
       
Outstanding common shares, beginning
    170,214  
Effect of issuance of common shares during the year
    1,855  
Average incremental number of shares under ESOP(1)
    94  
Common shares equivalent of preferred shares deemed dilutive
    10,858  
 
     
 
    183,021  
 
     
Earnings per share(1)
       
Basic
  Php 217.84  
Diluted
    211.93  
     
(1)   The dilutive effect of the outstanding options is reflected as additional share dilution in the computation of earnings per common share.

 

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