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 PLDTBasicNet income attributable to equity holders of PLDT
    
    US$
    857
    
    
     Php
   39,781
    
    
     Php
   34,317
    
    
     Php
   39,289
    
    
     Php
   32,385Add (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
   31,930DilutedNet income attributable to equity holders of PLDT
    
    US$
    857
    
    
     Php
   39,781
    
    
     Php
   34,317
    
    
     Php
   39,289
    
    
     Php
   32,385Add (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
   31,930BasicWeighted average number of common shares (in thousands)Outstanding common shares, beginning
    
    
    
    
    
    
    187,484
    
    
    
    188,741
    
    
    
    188,435
    
    
    
    180,789Effect of issuance of common shares during the year
    
    
    
    
    
    
    15
    
    
    
    542
    
    
    
    221
    
    
    
    3,667Effect of purchase of treasury stock during the year
    
    
    
    
    
    
    (583
    )
    
    
    (1,120
    )
    
    
    
    
    
    
    186,916
    
    
    
    188,163
    
    
    
    188,656
    
    
    
    184,456DilutedWeighted average number of common shares (in thousands)Outstanding common shares, beginning
    
    
    
    
    
    
    187,484
    
    
    
    188,741
    
    
    
    188,435
    
    
    
    180,789Effect of issuance of common shares during the year
    
    
    
    
    
    
    15
    
    
    
    542
    
    
    
    221
    
    
    
    3,667Average incremental number of shares under ESOP(2)
    
    
    
    
    
    
    21
    
    
    
    13
    
    
    
    38
    
    
    
    98Effect 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
    
    
    
    184,554Earnings per shareBasic
    
    
    4.53
    
    
    
    210.38
    
    
    
    179.96
    
    
    
    205.84
    
    
    
    173.10Diluted
    
    
    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 netoperating income percommon share)1. Operating income per shareBasicOperating income
    
     Php
   48,514Deduct: Dividends on convertible preferred shares
    
    
    1,677Accretion of redemption value of preferred stock subject to mandatory conversion
    
    
    1,443Operating income applicable to common shareholders
    
     Php
   45,394DilutedOperating income
    
     Php
   48,514Deduct: Dividends on convertible preferred shares
    
    
    70Accretion of redemption value of preferred stock subject to mandatory conversion
    
    
    1,746Operating income applicable to common shareholders
    
     Php
   46,698BasicWeighted average number of common shares (in thousands)Outstanding common shares, beginning
    
    
    170,214Effect of issuance of common shares during the year
    
    
    1,855172,069DilutedWeighted average number of common shares (in thousands)Outstanding common shares, beginning
    
    
    170,214Effect of issuance of common shares during the year
    
    
    1,855Weighted average number of shares under ESOP during the year(1)
    
    
    94Common shares equivalent of preferred shares deemed dilutive
    
    
    10,858183,021Operating income per shareBasic
    
     Php
   263.81Diluted
    
    
    255.152. Earnings per shareBasicNet income after cumulative effect of change in accounting policy
    
     Php
   40,603Deduct: Dividends on convertible preferred shares
    
    
    1,677Accretion to redemption value of preferred stock
subject to mandatory conversion
    
    
    1,443Net income attributable to common shareholders
    
     Php
   37,483DilutedNet income (loss) after cumulative effect of change in accounting policy
    
     Php
   40,603Deduct: Dividends on convertible preferred shares
    
    
    70Accretion to redemption value of preferred stock
subject to mandatory conversion
    
    
    1,746Net income applicable to common shareholders
    
     Php
   38,787BasicWeighted average number of common shares (in thousands)Outstanding common shares, beginning
    
    
    170,214Effect of issuance of common shares during the year
    
    
    1,855172,069DilutedWeighted average number of common shares (in thousands)Outstanding common shares, beginning
    
    
    170,214Effect of issuance of common shares during the year
    
    
    1,855Average incremental number of shares under ESOP(1)
    
    
    94Common shares equivalent of preferred shares deemed dilutive
    
    
    10,858183,021Earnings per share(1)Basic
    
     Php
   217.84Diluted
    
    
    211.93
 (1)
    
    The dilutive effect of the outstanding options is reflected as additional share dilution in
the computation of earnings per common share.  2