here - Ayala

Globe 2012 annual report
financial report
2011
Other Financial Liabilities
On demand
Less than
1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years Over 5 years Total
Accounts payable and accrued expenses* P=684,963 P=20,431,535 P=– P=– P=– P=– P=– P=21,116,498
Notes payable – 1,756,760 – – – – – 1,756,760
Liabilities directly associated with the assets classified as held for sale – 540,206 – – – – – 540,206
Other long-term liabilities – – – – – – 635,122 635,122
P=684,963 P=22,728,501 P=– P=– P=– P=– P=635,122 P=24,048,586
*Excludes taxes payable which is not a financial instrument.
Derivative Instruments
2012 2013 2014 2015 2016 and beyond
Receive Pay Receive Pay Receive Pay Receive Pay Receive Pay
Projected Swap Coupons*:
Principal Only Swaps P=– P=1,508 P=– P=– P=– P=– P=– P=– P=– P=–
Interest Rate Swaps 1,953 167,387 1,485 90,036 – P2,218 P33,517 – – –
*Projected USD swap coupons were converted to PHP at the balance sheet date.
2012 2013 2014 2015 2016 and beyond
Receive Pay Receive Pay Receive Pay Receive Pay Receive Pay
Projected Principal Exchanges*:
Principal Only Swaps $2,500 P=140,825 $– P=– $– P=– $– P=– $– P=–
*Projected principal exchanges for Principal only swaps represent commitment to purchase USD for payment of USD debt payments with the same maturities.
2010
Other Financial Liabilities
On demand
Less than
1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years Over 5 years Total
Accounts payable and accrued expenses* P=426,696 P=19,906,644 P=– P=– P=– P=– P=– P=20,333,340
Liabilities directly associated with the assets classified as held for sale – 642,313 – – – – – 642,313
Other long-term liabilities – – – – – – 640,927 640,927
P=426,696 P=20,548,957 P=– P=– P=– P=– P=640,927 P=21,616,580
*Excludes taxes payable which is not a financial instrument.
Derivative Instruments
2011 2012 2013 2014 2015 and beyond
Receive Pay Receive Pay Receive Pay Receive Pay Receive Pay
Projected Swap Coupons*:
Principal Only Swaps P=– P=4,048 P=– P=2,572 P=– P=– P=– P=– P=– P=–
Interest Rate Swaps – 146,821 4,065 51,911 16,745 – 19,889 – 11,388 –
*Projected USD swap coupons were converted to PHP at the balance sheet rate. Further, it was assumed that 3m Libor, 3m PDSTF, and 6m PDSTF would stay at December 31, 2010 levels.
2011 2012 2013 2014 2015 and beyond
Receive Pay Receive Pay Receive Pay Receive Pay Receive Pay
Projected Principal Exchanges*:
Principal Only Swaps** $– P=– $2,500 P=140,825 $– P=– $– P=– $– P=–
Forward Sale of USD** P=1,539,082 $35,000 – – – – – – – –
**Projected principal exchanges represent commitments to purchase USD for payment of USD debts with the same maturities.
**Nondeliverable
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