EDC PR 2016 (FS section)

Financial Statement
The IMA does not guaranty a yield, return, or income on the investments or reinvestments
made by the Investment Manager. Any loss or depreciation in the value of the assets of the
fund shall be for the account of the Parent Company.
Fund investments include deposit in banks, quoted government securities and other quoted
securities.
The Parent Company accounts for the entire investment as a financial asset to be carried at fair
value through profit or loss. Mark-to-market gain (loss) adjustment on the securities taken up in
the profit or loss amounted to ₱4.2 million, (₱9.3 million) and ₱23.6 million in 2016, 2015 and
2014, respectively (see Note 26).
9. Available-for-sale Investments
2016 2015
Current - Quoted government debt securities
(Note 31) ₱– ₱129,603,240
Noncurrent (Note 31):
Quoted Securities
Equity (Note 20) 303,031,779 306,027,326
Government bonds and notes 94,162,500 96,892,910
Corporate bonds 33,377,876 32,203,076
Unquoted Securities 303,015,769 –
733,587,924 435,123,312
Total ₱733,587,924 ₱564,726,552
Quoted government debt securities consist of investments in Republic of the Philippines (ROP)
bonds, Rizal Commercial Banking Corporation (RCBC) GT Capital Fixed Rate Bonds, BDO
Private Bank Incorporated Fixed Rate Treasury Note, JP Morgan ROP bond and RCBC Retail
Treasury Bond with maturities between 2023 and 2037 as of December 31, 2016, and between
2016 and 2037 as of December 31, 2015, and interest rates ranging from 5.1% to 8.0% for both
years.
Investments in quoted equity securities consist mainly of shares traded in the PSE.
Investment in unquoted equity securities consists of the investment made in 2016 in the BDO
Institutional Cash Reserve Fund, a money unit investment trust fund. As of December 31, 2016,
the fair value of the Company’s investment in BDO ICRF amounted to ₱303.0 million.
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