EDC PR 2016 (FS section)

Financial Statement
ENERGY DEVELOPMENT CORPORATION
(A Subsidiary of Red Vulcan Holdings Corporation)
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years Ended December 31
2016 2015 2014
NET INCOME ₱9,715,582,561 ₱7,859,371,987 ₱11,818,009,028
OTHER COMPREHENSIVE INCOME (LOSS)
Other comprehensive income (loss) to be reclassified
to profit or loss in subsequent periods:
Fair value adjustments on hedging transactions,
net of tax effect amounting to ₱15,112,893
in 2016, ₱11,472,898 in 2015 and
₱5,240,938 in 2014 (Note 31) 178,486,703 681,416 (122,566,454)
Cumulative translation adjustments on foreign
subsidiaries (Note 19) 187,824,780 (90,749,641) 2,168,167
Changes in fair value of available-for-sale
investments recognized in equity (Note 9) (1,535,388) (39,189,542) 113,581,354
NET OTHER COMPREHENSIVE INCOME
(LOSS) TO BE RECLASSIFIED TO
PROFIT OR LOSS IN SUBSEQUENT
PERIODS 364,776,095 (129,257,767) (6,816,933)
Other comprehensive income (loss) not to be
reclassified to profit or loss in subsequent
periods:
Remeasurements of retirement and other
post-employment benefits, net of tax
effect amounting to ₱37,719,810 in 2016,
₱1,531,962 in 2015 and ₱4,087,229 in 2014
(Note 27) 350,181,170 (13,787,662) (30,145,429)
TOTAL OTHER COMPREHENSIVE INCOME
(LOSS), NET OF TAX 714,957,265 (143,045,429) (36,962,362)
TOTAL COMPREHENSIVE INCOME,
NET OF TAX ₱10,430,539,826 ₱7,716,326,558 ₱11,781,046,666
Total comprehensive income attributable to:
Equity holders of the Parent Company ₱10,063,097,094 ₱7,499,052,106 ₱11,641,537,318
Non-controlling interests 367,442,732 217,274,452 139,509,348
₱10,430,539,826 ₱7,716,326,558 ₱11,781,046,666
See accompanying Notes to Consolidated Financial Statements.
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