Professional Documents
Culture Documents
Note
December 31
2014
2015
(Amounts in millions)
ASSETS
Noncurrent Assets
Utility plant and others
Investments in associates and interests
in joint ventures
Investment properties
Deferred tax assets - net
Other noncurrent assets
Total Noncurrent Assets
Current Assets
Cash and cash equivalents
Trade and other receivables
Inventories
Other current assets
Total Current Assets
Total Assets
7,10 and 15
P
=124,913
=
P120,830
8
9 and 15
28
2, 7, 10, 12, 27, 29 and 30
13,603
1,538
11,296
35,594
186,944
14,532
1,526
7,089
12,464
156,441
11 and 27
10, 12, 18 and 27
13 and 25
14, 23 and 27
50,840
26,761
2,273
15,421
95,295
P
=282,239
69,469
30,629
2,212
10,302
112,612
=
P269,053
15
P
=11,273
4,111
=
P11,273
(8)
4,111
16
(328)
1,049
(328)
1,049
10
102
112
(72)
355
(12)
(20)
26
15
15
935
(11)
1,302
(11)
11,000
52,229
11,000
50,319
80,276
585
80,861
79,154
320
79,474
*SGVFS015182*
-2-
Note
Noncurrent Liabilities
Interest-bearing long-term financial liabilities net of current portion
Customers deposits - net of current portion
Long-term employee benefits
Provisions
Refundable service extension costs net of current portion
Deferred tax liabilities - net
Other noncurrent liabilities
Total Noncurrent Liabilities
Current Liabilities
Notes payable
Trade payables and other current liabilities
Customers refund
Income tax payable
Current portion of long-term employee
benefits
Current portion of interest-bearing long-term
financial liabilities
Total Current Liabilities
Total Liabilities
Total Liabilities and Equity
December 31
2014
2015
(Amounts in millions)
17, 25 and 27
18, 22 and 27
26
19, 22 and 29
P
=27,370
23,584
3,620
21,014
=
P27,743
24,344
4,887
16,073
22 and 27
28
2, 5, 7, 24 and 29
4,234
17
28,324
108,163
7,006
5
25,993
106,051
21, 25 and 27
15, 17, 18, 19, 22, 23, 24,
27and 29
2, 20 and 27
1,043
400
79,557
5,550
1,883
73,624
5,937
1,668
26
3,287
17, 25 and 27
1,895
93,215
201,378
P
=282,239
1,899
83,528
189,579
=
P269,053
*SGVFS015182*
Note
REVENUES
Sale of electricity
Sale of other services
COSTS AND EXPENSES
Purchased power
Salaries, wages and employee benefits
Provision for probable losses and expenses from claims
Depreciation and amortization
Contracted services
Provision for doubtful accounts - net
Taxes, fees and permits
Other expenses
OTHER INCOME (EXPENSES)
Interest and other financial income
Interest and other financial charges
Foreign exchange gains
Equity in net earnings (losses) of associates
and joint ventures
Derivative mark-to-market losses
Others
23, 24 and 32
9 and 23
P
= 249,773
8,626
258,399
=
P261,740
4,596
266,336
=
P294,849
3,787
298,636
24 and 30
25 and 26
19, 24 and 29
7, 9 and 10
192,117
12,420
11,628
6,910
4,668
502
595
6,151
234,991
203,242
11,008
10,720
6,093
4,292
460
662
3,765
240,242
238,198
11,261
10,749
6,118
3,719
504
539
3,398
274,486
1,538
770
1,172
12
23 and 25
25
7, 17, 18, 21
and 25
8
2 and 30
(1,216)
367
(1,439)
8
(1,479)
353
(27)
806
1,468
295
740
374
(259)
(24)
414
177
24,876
26,468
24,327
9,732
(4,045)
5,687
9,961
(1,624)
8,337
9,889
(2,835)
7,054
28
NET INCOME
Attributable To
Equity holders of the Parent
Non-controlling interests
31
P
=19,189
=
P18,131
=
P17,273
P
=19,098
91
P
=19,189
=
P18,053
78
=
P18,131
=
P17,211
62
=
P17,273
P
=16.94
16.94
=
P16.02
16.02
=
P15.27
15.27
31
*SGVFS015182*
Note
NET INCOME
OTHER COMPREHENSIVE INCOME (LOSS)
Items that will be reclassified to profit or
loss in subsequent years:
Unrealized fair value gain (loss) on
Available-for-sale financial assets
Income tax effect
Cumulative translation adjustments of
subsidiaries and associates
Items that will not be reclassified to
profit or loss in subsequent years:
Remeasurement adjustments on retirement
and other post-employment liabilities
Income tax effect
Share in remeasurement adjustments on
associates retirement liabilities
OTHER COMPREHENSIVE INCOME (LOSS),
NET OF INCOME TAX
TOTAL COMPREHENSIVE INCOME,
NET OF INCOME TAX
Total Comprehensive Income Attributable To
Equity holders of the Parent
Non-controlling interests
=
P18,131
P
=19,189
=
P17,273
10
(14)
4
(10)
10
(3)
7
(21)
6
(15)
(427)
(34)
386
26
(524)
157
(367)
(215)
71
(144)
1,653
(496)
1,157
(1)
(20)
(805)
(191)
1,528
P
=18,384
=
P17,940
=
P18,801
=18,293
P
91
=18,384
P
=
P17,862
78
=
P17,940
=
P18,739
62
=
P18,801
*SGVFS015182*
=
P11,273
=
P11,273
At January 1, 2014
Net income
Other comprehensive loss
Total comprehensive income (loss)
Collection of subscriptions receivable
Dividends
(Forward)
=
P11,273
=
P11,273
At January 1, 2015
Net income
Other comprehensive income (loss)
Total comprehensive income (loss)
Effect of disposal of an associate
Collection of subscriptions receivable
Dividends
(P
=69)
61
61
(P
=8)
(P
= 8)
8
P
=
Common
Stock Subscriptions
(Note 15) Receivable
=
P4,111
=
P4,111
=
P4,111
=
P4,111
Additional
Paid-in
Capital
(P
=328)
(P
=328)
(P
= 328)
(P
= 328)
Excess of
Acquisition
Cost Over
Carrying
Value of
Noncontrolling
Interest
Acquired
=
P1,049
=
P1,049
=
P1,049
=
P1,049
P
=105
7
7
P
=112
=
P112
(10)
(10)
=
P102
=
P
(20)
(20)
(P
=20)
(P
= 20)
(1)
(1)
9
(P
= 12)
P
=389
(34)
(34)
P
=355
=
P355
(427)
(427)
(P
= 72)
(Amounts in millions)
=
P1,446
(144)
(144)
=
P1,302
=
P1,302
(367)
(367)
=
P935
(P
=11)
(P
=11)
(P
= 11)
(P
= 11)
=
P11,000
=
P11,000
=
P11,000
=
P11,000
Appropriated
Treasury
Retained
Shares
Earnings
(Note 15)
(Note 15)
=
P46,197
18,053
18,053
(13,931)
(13,931)
=
P50,319
=
P50,319
19,098
19,098
(17,188)
(17,188)
=
P52,229
=
P75,162
18,053
(191)
17,862
61
(13,931)
(13,870)
=
P79,154
=
P79,154
19,098
(805)
18,293
9
8
(17,188)
(17,180)
=
P80,276
Equity
Unappropriated Attributable
to Equity
Retained
Holders of
Earnings
(Note 15)
the Parent
=
P75,335
18,131
(191)
17,940
61
(13,862)
(13,801)
=
P79,474
=
P79,474
19,189
(805)
18,384
9
8
(17,014)
(17,006)
=
P80,861
Total
Equity
*SGVFS015182*
P
=173
78
78
69
69
P
=320
=
P320
91
91
174
174
=
P585
Noncontrolling
Interests
(Note 6)
(P
=211)
142
142
(P
=69)
=
P11,273
=
P11,273
At January 1, 2013
Net income
Other comprehensive income (loss)
Total comprehensive income (loss)
Collection of subscriptions receivable
Dividends
Appropriation of unrestricted retained
earnings
Common
Stock Subscriptions
(Note 15) Receivable
=
P4,111
=
P4,111
Additional
Paid-in
Capital
(P
=328)
(P
=328)
Excess of
Acquisition
Cost Over
Carrying
Value of
Noncontrolling
Interest
Acquired
=
P1,049
=
P1,049
P
=105
P
=120
(15)
(15)
=
P
=
P
P
=389
=
P3
386
386
(Amounts in millions)
=
P1,446
P
=289
1,157
1,157
-2-
(P
=11)
(P
=11)
5,000
5,000
=
P11,000
=
P6,000
Appropriated
Treasury
Retained
Shares
Earnings
(Note 15)
(Note 15)
(5,000)
(16,621)
=
P46,197
=
P45,607
17,211
17,211
(11,621)
(11,479)
=
P75,162
=
P67,902
17,211
1,528
18,739
142
(11,621)
Equity
Unappropriated Attributable
to Equity
Retained
Holders of
Earnings
(Note 15)
the Parent
(11,616)
=
P75,335
=
P68,150
17,273
1,528
18,801
142
(11,758)
Total
Equity
*SGVFS015182*
(137)
P
=173
P
=248
62
62
(137)
Noncontrolling
Interests
(Note 6)
2014
2015
(Amounts in millions)
2013
=24,876
P
=
P26,468
=
P24,327
6,910
6,093
6,118
19, 24 and 29
25
25
12
11,611
(1,538)
1,216
502
10,720
(770)
1,439
460
10,736
(1,172)
1,479
504
27
(568)
43,036
(295)
(194)
43,921
259
(323)
41,928
5,496
(59)
(754)
10,075
(750)
2,290
(20,985)
(1,379)
(147)
887
(387)
(1,342)
1,496
48,373
(6,690)
41,683
(10,199)
(76)
(1,079)
480
44,662
(7,167)
37,495
25,060
(114)
2,983
(2,997)
44,349
(7,205)
37,144
10
10
7
(21,118)
(10,799)
(10,383)
(12,062)
(9,311)
8 and 14
10
(80)
(707)
(33)
698
(1,422)
(514)
(6)
659
(16,383)
(876)
(4,841)
1,106
7, 9 and 10
14
174
148
8
330
605
20
(1,243)
(42,388)
166
554
9
(12,616)
127
411
91
(716)
(30,392)
(Forward)
*SGVFS015182*
-2-
Note
2013
21
=929
P
8
=
P432
61
=
P4,705
142
17
17
7,330
18,314
(16,926)
(1,882)
(400)
(286)
633
(17,924)
(13,834)
(1,996)
(9,508)
(1,846)
69
4,031
(15,261)
(12,553)
(4,036)
(9,424)
(4,678)
(27)
156
(7,401)
(18,629)
9,618
69,469
59,851
60,500
P
=50,840
=
P69,469
=
P59,851
15
21
11
(649)
*SGVFS015182*