here - Ayala

Globe 2012 annual report
financial report
The following tables show comparative information about the Globe Group’s financial instruments as of December 31 that are exposed to liquidity risk and interest rate risk and
presented by maturity profile including forecasted interest payments for the next five years from December 31 figures (in thousands) (see Note 14):
Long-term Liabilities
2012
2013 2014 2015 2016
2017 and
thereafter
Total
(in USD)
Total
(in PHP)
Debt
Issuance
Costs
Carrying Value
(in PHP)
Liabilities
Long-term debt
Fixed rate
Philippine peso P=3,397,450 P=1,406,300 P=1,991,100 P=2,117,800 P=16,850,000 $– P=25,762,650 P=124,414 P=25,638,236 P=28,327,286
Interest rate 5.97%, 7.03%,
7.40%
7.03%, 7.40%,
5.89%, 8.36%
7.03%, 8.36%,
5.89%
8.36%, 5.89% 5.89%, 5.75%,
6.00%
Floating rate
USD notes 14,273 17,710 11,730 11,735 88,200 143,648 – 71,164 5,829,588 5,876,330
Interest rate Libor 6-mo. plus
3.40% margin;
Libor 6-mo. plus
2.65% margin
Libor 6-mo. plus
3.40% margin;
Libor 6-mo. plus
2.65% margin
Libor 6-mo. plus
3.40% margin;
Libor 3-mo. plus
1.50% margin
Libor 6-mo. plus
3.40% margin;
Libor 3mo +
1.50% margin
Libor 3mo +
1.50% margin
Fair Value
(in PHP)
Philippine peso 5,747,343 4,603,843 6,025,000 70,000 11,930,000 – 28,376,186 118,490 28,257,696 28,266,107
Interest rate PDSTF 3mo +
0.75% margin;
PDSTF 3mo +
1.25% margin;
PDSTF 3mo +
1.00% margin;
PDSTF 6mo +
1.25% margin;
PDSTF 3mo +
1.50% margin
PDSTF 3mo +
0.75% margin;
PDSTF3mo +
1.25% margin;
PDSTF3mo + 1%
margin;
PDSTF6mo +
1.25% margin
PDSTF 3mo +
0.75% margin;
PDSTF3mo +
0.65% margin
PDSTF 3mo +
0.60% margin
PDSTF 3mo +
0.50% margin;
PDSTF 3mo +
0.60% margin
$143,648 P=54,138,836 P=314,068 P=59,725,520 P=62,469,723
Interest payable*
PHP debt P=2,092,544 P=1,754,816 P=1,578,270 P=1,355,781 P=2,933,782 $– P=9,715,194 P=– P=– P=–
USD debt $3,661 $3,022 $2,392 $1,951 $8,646 $– $19,672 $– $– $–
*Used month-end USD LIBOR and Philippine Dealing and Exchange Corporation (PDEX) rates.
*Using P=41.078 - USD exchange rate as of December 31, 2012.
2011
2012 2013 2014 2015
2016 and
thereafter
Total
(in USD)
Total
(in PHP)
Debt
Issuance
Costs
Carrying Value
(in PHP)
Liabilities
Long-term debt
Fixed rate
Philippine peso P=7,033,150 P=3,397,450 P=4,381,850 P=1,941,100 P=2,067,800 $– P=18,821,350 P=38,718 P=18,782,632 P=20,270,049
Interest rate 5.97%, 7.03%,
7.4%, 7.5%
5.97%, 7.03%,
7.4%
7.03%, 7.4%,
8%, 8.36%
7.03%, 8.36% 8.36%
Floating rate
USD notes $28,643 $14,273 $17,710 $10,830 $10,834 82,290 – 72,474 3,541,621 3,618,373
Interest rate Libor 6-mo. plus
3.4% margin;
Libor 6-mo. plus
2.65% margin;
3mo or 6mo
LIBOR + .43%
margin (rounded
to 1/16%); 6mo
LIBOR + 3%
margin
Libor 6-mo. plus
3.4% margin;
Libor 6-mo. plus
2.65% margin
Libor 6-mo. plus
3.4% margin;
Libor 6-mo. plus
2.65% margin
Libor 6-mo.plus
3.4% margin
Libor 6-mo.plus
3.4% margin
Philippine peso P=1,322,343 P=5,747,343 P=4,603,843 P=6,025,000 P=7,000,000 – 24,698,529 100,836 24,597,693 24,608,340
Interest rate PDSTF 3mo +
0.75% margin;
PDSTF3mo +
1.25% margin;
PDSTF6mo +
1.25% margin;
PDSTF 3mo + 1%
margin
PDSTF 3mo +
0.75% margin;
PDSTF3mo +
1.25% margin;
PDSTF6mo +
1.25% margin;
PDSTF 3mo + 1%
margin
PDSTF 3mo +
0.75% margin;
PDSTF3mo +
1.25% margin;
PDSTF6mo +
1.25% margin;
PDSTF 3mo + 1%
margin
PDSTF 3mo +
0.75% margin;
PDSTF-3 month +
0.65% margin
PDSTF 3mo +
0.75% margin;
PDSTF 3mo +
.35% margin
Fair Value
(in PHP)
$82,290 P=43,519,879 P=212,028 P=46,921,946 P=48,496,762
Interest payable*
PHP debt P=1,711,349 P=1,376,164 P=813,874 P=525,410 P=423,967 $– P=4,850,764 P=– P=– P=–
USD debt $2,718 $2,104 $1,483 $810 $348 $– $7,463 $– $– $–
*Used month-end USD LIBOR and Philippine Dealing and Exchange Corporation (PDEX) rates.
*Using P=43.92 - USD exchange rate as of December 31, 2011.
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