Philam Life Annual Report 2012

FINANCIAL STATEMENTSStatements of Financial PositionDecember 31, 2012 and 2011(All amounts in thousands of Philippine Peso)A S S E T S2012 2011CASH AND CASH EQUIVALENTS 5,627,839 7,772,558INSURANCE RECEIVABLES, net 1,018,274 812,844FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFITOR LOSS 14,161,799 8,925,260AVAILABLE-FOR-SALE FINANCIAL ASSETS 131,818,334 119,567,919LOANS AND RECEIVABLES, net 31,714,077 30,270,062ACCRUED INCOME 3,210,621 3,182,930INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 2,678,523 2,678,523INVESTMENT PROPERTIES, net 963,333 1,030,863PROPERTY AND EQUIPMENT, net 488,160 667,580NET RETIREMENT BENEFIT ASSET 806,608 801,313OTHER ASSETS, net 745,501 927,111Total assets 193,233,069 176,636,963LIABILITIES AND EQUITYINSURANCE CONTRACT LIABILITIES, net 108,600,596 100,745,328RESERVE FOR POLICYHOLDERS’ DIVIDENDS 1,407,931 1,623,013POLICYHOLDERS’ DIVIDENDS 8,854,743 8,210,594LIABILITIES FOR SUPPLEMENTARY CONTRACTS 628,794 565,002PREMIUM DEPOSIT FUND 1,225,360 1,476,644DERIVATIVE LIABILITIES, net 13,510 73,385INSURANCE PAYABLES 124,203 53,433ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,252,140 1,697,171OTHER LIABILITIES, net 1,694,112 1,170,593Total liabilities 124,801,389 115,615,163SHARE CAPITAL 2,000,000 2,000,000SHARE-BASED PAYMENTS 328,460 327,115CONTRIBUTED SURPLUS 25,000 25,000RESERVE FOR FLUCTUATION ON AVAILABLE-FOR-SALE FINANCIAL ASSETS 39,129,637 32,041,302RETAINED EARNINGS 26,948,583 26,628,383Total equity 68,431,680 61,021,800Total liabilities and equity 193,233,069 176,636,96321