Reference No : 122000038198801

Date Filed : October 12, 2020 06:27 PM

Batch Number : 2004019099

For BIR BCS/

Use Only Item 1702-RT06/13P1

Annual Income Tax Return BIR Form No.

Republika ng Pilipinas
Kagawaran ng Pananalapi
For Corporation, Partnership and Other Non-Individual
Taxpayer Subject Only to REGULAR Income Tax Rate
1702-RT
Kawanihan ng Rentas Internas
Enter all required information in CAPITAL LETTERS. Mark applicable boxes with an "X". June 2013
Two Copies MUST be filed with the BIR and one held by the taxpayer. Page 1

1 For 5 Alphanumeric Tax Code (ATC)

Calendar Fiscal 3 Amended Return? 4 Short Period Return?
IC055 Minimum Corporate Income Tax (MCIT)
2 Year Ended (MM/20YY) Yes No Yes No
IC010 CORPORATION IN GENERAL - JAN 1, 2009 
12 2019

Part I - Background Information

6 Taxpayer Identification Number (TIN) 009 - 446 - 407 - 000 7 RDO Code 040
8 Date of Incorporation/Organization (MM/DD/YYYY)
9 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS)
VITASOY-URC, INC.

10 Registered Address (Indicate complete registered address)

8TH FLOOR. TERA TOWER BRIDGETOWNE E. RODRIGUEZ JR. AVE., QUEZON CITY

11 Contact Number 12 Email Address

5169888 [email protected]
13 Main Line of Business 14 PSIC Code
MANUFACTURE OF OTHER FOOD PRODUCTS, N.E.C 1599

15 Method of Deductions Itemized Deductions [Section 34 Optional Standard Deduction (OSD) - 40% of Gross Income [Section 34(L),
(A-J), NIRC] NIRC as amended by RA No. 9504]

Part II - Total Tax Payable (Do NOT enter Centavos)

16 Total Income Tax Due (Overpayment) (From Part IV Item 44) 0

17 Less: Total Tax Credits/Payments (From Part IV Item 45) 10,587,161
18 Net Tax Payable (Overpayment) (Item 16 Less Item 17) (From Part IV Item 46) (10,587,161)
19 Add: Total Penalties (From Part IV Item 50) 0
20 TOTAL AMOUNT PAYABLE (Overpayment) (Sum of Item 18 and 19) (From Part IV Item 51) (10,587,161)
21 If Overpayment, mark "X" one box only (Once the choice is made, the same is irrevocable)

To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as tax credit next year/quarter
We declare under the penalties of perjury, that this annual return has been made in good faith, verified by us, and to the best of our knowledge and belief, is true and correct pursuant to the provisions of the
National Internal Revenue Code, as amended, and the regulations issued under authority thereof. (If Authorized Representative, attach authorization letter and indicate TIN)

Signature over printed name of President/Principal Officer/Authorized Representative Signature over printed name of Treasurer/Assistant Treasurer

Title of Signatory Number of pages filed 8

23 Date of Issue
22 Community Tax Certificate (CTC) Number SEC Reg No. CS20165091 (MM/DD/YYYY)
11/30/2016
25 Amount, if
24 Place of Issue MANDALUYONG CITY 0
CTC
Part III - Details of Payment
Details of Payment Drawee Bank/Agency Number Date (MM/DD/YYYY) Amount
26 Cash/Bank Debit Memo 0
27 Check 0
28 Tax Debit Memo 0
29 Others (Specify Below)
0

Machine Validation/Revenue Official Receipts Details (if not filed with an Authorized Agent Bank) Stamp of receiving Office/AAB and Date of
Receipt (RO's Signature/Bank Teller's Initial)
 Annual Income Tax Return
BIR Form No.

Page 2
1702-RT
June 2013 1702-RT06/13P2
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Part IV - Computation of Tax (Do NOT enter Centavos)

30 Net Sales/Revenues/Receipts/Fees (From Schedule 1 Item 6) 299,500,070
31 Less: Cost of Sales/Services (From Schedule 2 Item 27) 283,613,648
32 Gross Income from Operation (Item 30 Less Item 31) 15,886,422
33 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule 3 Item 4) 8,120,609
34 Total Gross Income (Sum of Items 32 & 33) 24,007,031

Less: Deductions Allowable under Existing Law

35 Ordinary Allowable Itemized Deductions (From
177,799,351
Schedule 4 Item 40)
36 Special Allowable Itemized Deductions (From Schedule
0
5 Item 5)
37 NOLCO (only for those taxable under Sec. 27(A to C);
Sec. 28(A)(1) & (A)(6)(b) of the tax Code) (From Schedule 0
6A Item 8D)
38 Total Itemized Deductions (Sum of Items 35 to 37) 177,799,351
OR [in case taxable under Sec 27(A) & 28(A)(1)]
39 Optional Standard Deduction (40% of Item 34) 0

40 Net Taxable Income (Item 34 Less Item 38 OR 39) (153,792,320)

41 Income Tax Rate 30.0%

42 Income Tax Due other than MCIT (Item 40 x Item 41) 0

43 Minimum Corporate Income Tax (MCIT) (2% of Gross Income in Item 34) 0
44 Total Income Tax Due (Normal Income Tax in Item 42 or MCIT in Item 43, whichever is higher)
0
(To part II Item 16)
45 Less: Total Tax Credits/Payments (From Schedule 7 Item 12) (To Part II Item 17) 10,587,161

46 Net Tax Payable (Overpayment) (Item 44 Less Item 45) (To Part II Item 18) (10,587,161)

Add Penalties
47 Surcharge 0
48 Interest 0
49 Compromise 0
50 Total Penalties (Sum of Items 47 to 49) (To part II Item 19) 0

51 Total Amount Payable (Overpayment) (Sum Item 46 & 50) (To Part II Item 20) (10,587,161)

Part V - Tax Relief Availment (Do NOT enter Centavos)

52 Special Allowable Itemized Deductions (30% of Item 36) 0
53 Add: Special Tax Credits (From Schedule 7 Item 9) 0
54 Total Tax Relief Availment (Sum of Items 52 & 53) 0

Part VI - Information - External Auditor/Accredited Tax Agent

55 Name of External Auditor/Accredited Tax Agent
R.G. MANABAT AND CO.
56 TIN 000 - 470 - 727 - 000
57 Name of Signing Partner (If External Auditor is a Partnership)
ENRICO E. BALUYUT
58 TIN 131 - 029 - 752 - 000
59 BIR Accreditation No. 60 Issue Date (MM/DD/YYYY) 61 Expiry Date (MM/DD/YYYY)
08 - 001987 - 026 - 2020 07/20/2020 07/19/2023
 Annual Income Tax Return
BIR Form No.

Page 3 - Schedules 1 & 2

1702-RT
June 2013 1702-RT06/13P3
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Schedule 1 - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)

1 Sale of Goods/Properties 333,916,491
2 Sale of Services 0
3 Lease of Properties 0
4 Total (Sum of Items 1 to 3) 333,916,491
5 Less: Sales Returns, Allowances and Discounts 34,416,421
6 Net Sales/Revenues/Receipts/Fees (Item 4 Less Item 5) (To Part IV Item 30) 299,500,070

Schedule 2 - Cost of Sales (Attach additional sheet/s, if necessary)

Schedule 2A - Cost of Sales (For those Engaged in Trading)

1 Merchandise Inventory - Beginning 24,850,928
2 Add: Purchases of Merchandise 288,938,537
3 Total Goods Available for Sale (Sum of Items 1 & 2) 313,789,465
4 Less: Merchandise Inventory, Ending 30,175,817
5 Cost of Sales (Item 3 Less Item 4) (To Schedule 2 Item 27 ) 283,613,648

Schedule 2B - Cost of Sales (For those Engaged in Manufacturing)

6 Direct Materials, Beginning 0
7 Add: Purchases of Direct Materials 0
8 Materials Available for Use (Sum of Items 6 & 7) 0
9 Less: Direct Materials, Ending 0
10 Raw Materials Used (Item 8 Less Item 9) 0
11 Direct Labor 0
12 Manufacturing Overhead 0
13 Total Manufacturing Cost (Sum of Items 10, 11 & 12) 0
14 Add: Work in Process, Beginning 0
15 Less: Work in Process, Ending 0
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15) 0
17 Finished Goods, Beginning 0
18 Less: Finished Goods, Ending 0
19 Cost of Goods Manufactured and Sold (Sum of Items 16 & 17 Less Item 18) (To Sched. 2 Item 27) 0

Schedule 2C - Cost of Services

(For those Engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of services)
20 Direct Charges - Salaries, Wages and Benefits 0
21 Direct Charges - Materials, Supplies and Facilities 0
22 Direct Charges - Depreciation 0
23 Direct Charges - Rental 0
24 Direct Charges - Outside Services 0
25 Direct Charges - Others 0
26 Total Cost of Services (Sum of Items 20 to 25) (To Item 27) 0

27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Part IV Item 31) 283,613,648
 Annual Income Tax Return
BIR Form No.

Page 4 - Schedules 3 & 4

1702-RT
June 2013 1702-RT06/13P4
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Schedule 3 - Other Taxable Income Not Subjected to Final Tax (Attach additional sheet/s, if necessary)
1 OTHER INCOME 8,120,609
2 0
3 0
4 Total Other Taxable Income Not Subjected to Final Tax (Sum of Items 1 to 3) (To Part IV Item 33) 8,120,609

Schedule 4 - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)

1 Advertising and Promotions 84,531,553
Amortizations (Specify on Items 2, 3 & 4)
2 0
3 0
4 0
5 Bad Debts 0
6 Charitable Contributions 0
7 Commissions 0
8 Communication, Light and Water 272,199
9 Depletion 0
10 Depreciation 1,091,406
11 Director's Fees 0
12 Fringe Benefits 0
13 Fuel and Oil 0
14 Insurance 180,506
15 Interest 16,419,139
16 Janitorial and Messengerial Services 0
17 Losses 0
18 Management and Consultancy Fee 0
19 Miscellaneous 0
20 Office Supplies 698,863
21 Other Services 0
22 Professional Fees 711,860
23 Rental 1,978,704
24 Repairs and Maintenance - (Labor or Labor & Materials) 0
25 Repairs and Maintenance - (Materials/Supplies) 128,394
26 Representation and Entertainment 297,128
27 Research and Development 0
28 Royalties 0
29 Salaries and Allowances 22,856,722
 Annual Income Tax Return
BIR Form No.

Page 5 - Schedules 4, 5 & 6

1702-RT
June 2013 1702-RT06/13P5
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Schedule 4 - Ordinary Allowable Itemized Deductions (Continued from Previous Page)

30 Security Services 0
31 SSS, GSIS, Philhealth, HDMF and Other Contributions 553,895
32 Taxes and Licenses 1,987,665
33 Tolling Fees 0
34 Training and Seminars 0
35 Transportation and Travel 7,389,358
Others [Specify below; Add additional sheet(s), if necessary]
36 DISTRIBUTION FEE 34,856,004
37 OTHERS 901,502
38 CONTRACTED SERVICES 2,944,453
39 0

40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39) (To Part IV Item 35) 177,799,351

Schedule 5 - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary)

Description Legal Basis Amount
1 0
2 0
3 0
4 0
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Part IV Item 36) 0

Schedule 6 - Computation of Net Operating Loss Carry Over (NOLCO)

1 Gross Income (From Part IV Item 34) 24,007,031
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law 177,799,351
3 Net Operating Loss (To Schedule 6A) (153,792,320)

Schedule 6A - Computation of Available Net Operating Loss Carry Over (NOLCO)

Net Operating Loss
B) NOLCO Applied Previous Year
Year Incurred A) Amount

4 2019 153,792,320 0
5 2018 253,481,675 0
6 2017 200,813,327 0
7 0 0

Continuation of Schedule 6A (Item numbers continue from the table above)

C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)

4 0 0 153,792,320
5 0 0 253,481,675
6 0 0 200,813,327
7 0 0 0
8 Total NOLCO
0
(Sum of Items 4D to 7D) (To Part IV Item 37)
Annual Income Tax Return
BIR Form No.

Page 6 - Schedules 7, 8 & 9

1702-RT
June 2013 1702-RT06/13P6
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Schedule 7 - Tax Credits/Payments (attach proof) (Attach additional sheet/s, if necessary)

1 Prior Year's Excess Credits Other Than MCIT 3,315,310
2 Income Tax Payment under MCIT from Previous Quarter/s 0
3 Income Tax Payment under Regular/Normal Rate from Previous Quarter/s 0
4 Excess MCIT Applied this Current Taxable Year (From Schedule 8 Item 4F) 0
5 Creditable Tax Withheld from Previous Quarter/s per BIR Form No. 2307 2,943,817
6 Creditable Tax Withheld per BIR Form No. 2307 for the 4th Quarter 4,328,034
7 Foreign Tax Credits, if applicable 0
8 Tax Paid in Return Previously Filed, if this is an Amended Return 0
9 Special Tax Credits (To Part V Item 53) 0
Other Credits/Payments (Specify)
10 0
11 0
12 Total Tax Credits/Payments (Sum of Items 1 to 11) (To Part IV Item 45) 10,587,161

Schedule 8 - Computation of Minimum Corporate Income Tax (MCIT)

Year A) Normal Income Tax as Adjusted B) MCIT C) Excess MCIT over Normal Income Tax
1 0 0 0
2 0 0 0
3 0 0 0

Continuation of Schedule 8 (Line numbers continue from table above)

D) Excess MCIT Applied/Used E) Expired Portion of Excess F) Excess MCIT Applied G) Balance of Excess MCIT Allowable as
for Previous Years MCIT this Current Taxable Year Tax Credit for Succeeding Year/s
1 0 0 0 0
2 0 0 0 0
3 0 0 0 0
4 Total Excess MCIT(Sum of Column for Items 1F to 3F) (To Schedule 7 Item 4) 0

Schedule 9 - Reconciliation of Net Income per Books Against Taxable Income (Attach additional sheet/s, if necessary)
1 Net Income/(Loss) per books (145,904,727)
Add: Non-deductible Expenses/Taxable Other Income
2 NON DEDUCTIBLE INTEREST EXPENSE AND TAXES 6,661,268
3 TRANSITION ADJUSTMENT FOR PFRS 16 468,900
4 Total (Sum of Items 1 to 3) (138,774,559)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5 NON TAXABLE INCOME 15,017,761
6 0
B) Special Deductions
7 0
8 0
9 Total (Sum of Items 5 to 8) 15,017,761
10 Net Taxable Income (Loss) (Item 4 Less Item 9) (153,792,320)
 Annual Income Tax Return
BIR Form No.

Page 7 - Schedules 10 & 11

1702-RT
June 2013 1702-RT06/13P7
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Schedule 10 - BALANCE SHEET

Assets
1 Current Assets 432,152,028
2 Long-Term Investment 0
3 Property, Plant and Equipment - Net 766,169,218
4 Long-Term Receivables 0
5 Intangible Assets 0
6 Other Assets 41,358,893
7 Total Assets (Sum of Items 1 to 6) 1,239,680,139

Liabilities and Equity

8 Current Liabilities 504,453,870
9 Long-Term Liabilities 450,000,000
10 Deferred Credits 0
11 Other Liabilities 34,877,059
12 Total Liabilities (Sum of Items 8 to 11) 989,330,929
13 Capital Stock 842,000,000
14 Additional Paid-in Capital 0
15 Retained Earnings (591,650,790)
16 Total Equity (Sum of Items 13 to 15) 250,349,210
17 Total Liabilities and Equity (Sum of Items 12 & 16) 1,239,680,139

Schedule 11-  Stockholders Partners Members Information (Top 20 Stockholders, partners or Members)
(On column 3 enter the amount of capital contribution and on the last column enter the percentage this represents on the entire ownership)
% to
REGISTERED NAME TIN Capital Contribution
Total
UNIVERSAL ROBINA CORPORATION 000 - 400 - 016 - 000 420,999,960 50
VITA INTERNATIONAL HOLDINGS LIMITED 494 - 226 - 248 - 000 420,999,960 50
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
 Annual Income Tax Return
BIR Form No.

Page 8 - Schedules 12 & 13

1702-RT
June 2013 1702-RT06/13P8
Taxpayer Identification Number (TIN) Registered Name
009 - 446 - 407 - 000 VITASOY-URC, INC.

Schedule 12 - Supplemental Information (Attach additional sheet/s, if necessary)

I) Gross Income/
B) Actual Amount/Fair Market
Receipts Subjected to A) Exempt C) Final Tax Withheld/Paid
Value/Net Capital Gains
Final Withholding
1 Interests 0 15,017,761 3,003,552
2 Royalties 0 0 0
3 Dividends 0 0 0
4 Prizes and Winnings 0 0 0

II) Sale/Exchange of Real properties A) Sale/Exchange #1 B) Sale/Exchange #2

5 Description of Property (e.g. land, improvement, etc.)
6 OCT/TCT/CCT/Tax Declaration No.
7 Certificate Authorizing Registration (CAR) No
8 Actual Amount/Fair Market Value/Net Capital Gains
9 Final Tax Withheld/Paid

III) Sale/Exchange of Shares of Stock A) Sale/Exchange #1 B) Sale/Exchange #2

10 Kind(PS/CS)/Stock Certificate Series No.
11 Certificate Authorizing Registration (CAR) No.
12 Number of Shares
13 Date of Issue (MM/DD/YYYY)
14 Actual Amount/Fair Market Value/Net Capital Gains
15 Final Tax Withheld/Paid

IV) Other Income (Specify) A) Other Income #1 B) Other Income #2

16 Other Income Subject to Final Tax Under Sections 57
(A)/127/others of the Tax Code, as amended
(Specify)
17 Actual Amount/Fair Market Value/Net Capital Gains
18 Final Tax Withheld/Paid

19 Total Final Tax Withheld Paid (Sum of Items 1C to 4C, 9A, 9B, 15A, 15B, 18A & 18B) 3,003,552

Schedule 13 - Gross Income/Receipts Exempt from Income Tax

1 Return of Premium (Actual Amount/Fair Market Value) 0

I) Personal/Real Properties Received A) Personal/Real Properties #1 B) Personal/Real Properties #2

thru Gifts, Bequests, and Devices
2 Description of Property (e.g. land, improvement, etc.)
3 Modes of Transfer (e.g Donation)
4 Certificate Authorizing Registration (CAR) No.
5 Actual Amount/Fair Market Value

II) Other Exempt Income/Receipts A) Other Exempt Income #1 B) Other Exempt Income #2
6 Other Exempt Income/Receipts Under
Sec. 32 (B) of the Tax Code, as amended (Specify)
7 Actual Amount/Fair Market Value/Net Capital Gains

8 Total Income Receipts Exempt From Income Tax (Sum of Items 1, 5A, 5B, 7A & 7B) 0