EDC PR 2016 (FS section)

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Financial Statement Corporate Addresses and Contact Details: Head Office 38/F, One Corporate Center Julia Vargas corner Meralco Avenue, Ortigas Center, Pasig City, 1605 Philippines Tel.: +632 755 2332 www.energy.com.ph Investor Relations Office local 2205 investors@energy.com.ph Corporate Communications Department local 2394 pubrels@energy.com.ph BacMan Geothermal Business Unit Palayang Bayan, Manito, Albay 4514 Tel.: +6352 201-2888 Leyte Geothermal Business Unit Tongonan, Kananga, Leyte 6531 Tel.: +6353 558-9000 Mt. Apo Geothermal Business Unit Ilomavis, Kidapawan City, North Cotabato 9400 Tel.: +632 755 2332 local 8731 to 8734 Negros Island Geothermal Business Unit Ticala, Valencia, Negros Oriental 6215 Tel.: +6335 420-2300 First Gen Hydro Power Corporation West Poblacion, Pantabangan, Nueva Ecija Tel.: +632 449 6520 Wind Ilocos Norte Business Unit Saoit, Burgos, Ilocos Norte Tel.: +6377 676-1091 X-Per uncoated papers and boards made with E.C.F. pulp, certified <strong>FS</strong>C. Special treatment on both sides to enhance the pleasant surface and to allow a particularly bright and sharp printing. The paper is completely biodegradable and recyclable. 295
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2016 Audited Consolidated Financial
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Compliance • We have monitored th
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156 I Energy Development Corporatio
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We have fulfilled the responsibilit
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Those charged with governance are r
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ENERGY DEVELOPMENT CORPORATION (A S
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Preferred Stock (Note 19) Common St
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Years Ended December 31 2016 2015 2
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Southern Negros, Valencia, Negros O
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EDC Drillco EDC Drillco is a compan
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Geotermica Chile SPA also incorpora
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Authorization for Issuance of the C
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These amendments are applied prospe
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Applicability of IFRIC 12, Service
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In August 2013, EDC Geotermica SpA
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Fair Value Measurement of Financial
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In 2011, EDC recognized full impair
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The factors that the Company consid
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Recognition of Deferred Income Tax
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Current versus Non-current Classifi
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In 2015, the functional currency of
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Construction in progress represents
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would have been determined, net of
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Classified under loans and receivab
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Derivative financial instruments ar
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the allowance account. Any subseque
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maturity or expected disposal date
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has expired, as well as the Parent
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Proceeds from Insurance Claims Proc
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Future Changes in Accounting Polici
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The Company is currently assessing
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oader review of the research projec
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LGBU NIGBU BGBU MAGBU Pantabangan/
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7. Trade and Other Receivables 2016
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The movements of the net accumulate
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12. Property, Plant and Equipment L
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Total borrowing costs capitalized t
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Bac-Man 3 Engineering Procurement a
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13. Goodwill and Intangible Assets
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Carrying amount of exploration and
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2015 Long term receivables Input VA
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The long-term debts are presented n
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The Parent Company capitalized in i
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₱8.5 billion GCGI Term Loan On Ma
Page 93 and 94: 19. Equity Capital Stock As require
Page 95 and 96: On March 6, 2015, the BOD approved
Page 97 and 98: US$14.0 million thereafter up to 20
Page 99 and 100: Transactions for the years ended De
Page 101 and 102: Remuneration of Key Management Pers
Page 103 and 104: Net retirement and other post-emplo
Page 105 and 106: The following tables summarize the
Page 107 and 108: The Company expects to contribute
Page 109 and 110: Beginning of Year Charged to Income
Page 111 and 112: f. g. h. i. j. k. On June 29, 2011,
Page 113 and 114: Stock awards granted by the Committ
Page 115 and 116: Foreign Currency Risk Foreign curre
Page 117 and 118: US$ Japanese yen (JP¥) Sweden kron
Page 119 and 120: 2015 Foreign Currency Appreciates (
Page 121 and 122: The following tables demonstrate th
Page 123 and 124: Financial Assets and Financial Liab
Page 125 and 126: The Company classifies its financia
Page 127 and 128: The table below shows the derivativ
Page 129 and 130: Pertinent details of the IRS are as
Page 131 and 132: The Company monitors capital using
Page 133 and 134: Legal Claims The Company is conting
Page 135 and 136: EDC also holds geothermal resource
Page 137 and 138: As of December 31, 2016, the Compan
Page 139 and 140: As of December 31, 2016, the Compan
Page 141 and 142: Ancillary Services Procurement Agre
Page 143: 41. ULGEI Power Supply Agreements A
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EDC PR 2016 (FS section)

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