GMA NETWORK INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME currency in philippine pesos, in millions % of change from 2007 2010 2009 2008 2007 Revenues 19.27% 13.87% 3.56% 0.00% Cost of Goods...

1. Describe the trend of revenues from 2007 to 2010. What observations can be drawn?
2. Describe the trend of direct costs from 2007 to 2010. What observations can be drawn?
3. Describe the trend of operating expenses from 2007 to 2010. What observations can be drawn?
4. Describe the trend of operating income from 2007 to 2010. What observations can be drawn?
5. Describe the trend of net income from 2007 to 2010. What observations can be drawn?

Extracted text: GMA NETWORK INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME currency in philippine pesos, in millions % of change from 2007 2010 2009 2008 2007 Revenues 19.27% 13.87% 3.56% 0.00% Cost of Goods Sold 20.49% 10.84% 3.44% 0.00% GROSS PROFIT (Gross Income/Net Revenues) 18.45% 15.92% 3.64% 0.00% Selling General & Admin Expenses, Total 30.73% 18.80% 3.51% 0.00% Depreciation & Amortization, Total -4.95% 10.35% 13.57% 0.00% Other Operating Expenses 30.57% 34.11% 10.84% 0.00% OTHER OPERATING EXPENSES, TOTAL 26.41% 18.51% 5.08% 0.00% INCOME FROM OPERATIONS (Operating Income) 11.82% 13.76% 2.45% 0.00% Interest Expense 83.55% 61.47% 60.61% 0.00% Interest and Investment Income 3.90% -22.31% -7.53% 0.00% Income (Loss) on Equity Investments 315.63% -259.38% -118.75% 0.00% Currency Exchange Gains (Loss) -34.21% 51.58% 101.58% 0.00% Other Non-Operating Income (Expenses) -79.91% -68.61% -54.34% 0.00% Gain (Loss) on Sale of Assets 1837.50% 1375.00% 3925.00% 0.00% Other Unusual Items, Total -100.00% -97.65% -95.29% 0.00% NET INCOME BEFORE TAX 9.92% 11.22% 2.06% 0.00% Income Tax Expense -14.95% -10.83% 0.81% 0.00% NET INCOME 22.26% 22.15% 2.67% 0.00%