EDC PR 2016 (FS section)

US$14.0 million thereafter up to 2013. As a result of the issuance of FG Hydro’s preferred shares
Series B, ₱200.3 million was reallocated from retained earnings attributable to the equity holders
of the Parent Company to NCI which amount pertains to the portion of FG Hydro net income
allocable to preferred shares Series B stockholders for the period January 1, 2010 to
December 31, 2010.
In 2016, 2015 and 2014, FG Hydro declared and paid dividends amounting to ₱857.0 million,
₱320.0 million and ₱1,645.6 million, respectively.
Following are the summarized financial information of FG Hydro as at December 31, 2016 and
2015 and for each of the three years in the period ended December 31, 2016:
Statements of financial position
Statements of comprehensive income
2016 2015
Current assets ₱843,504 ₱1,742,194
Non-current assets 5,219,908 5,661,434
Total Assets ₱6,063,412 ₱7,403,628
Current liabilities ₱492,099 ₱610,031
Non-current liabilities 1,558,624 2,843,092
Total Liabilities 2,050,723 3,453,123
Total Equity 4,012,689 3,950,505
Total Liabilities and Equity ₱6,063,412 ₱7,403,628
2016 2015 2014
(In Thousand Pesos)
Revenue ₱2,286,370 ₱1,884,372 ₱1,624,130
Cost and operating expenses (603,438) (583,705) (918,884)
Other charges (440,648) (512,995) (147,099)
Income before income tax 1,242,284 787,672 558,147
Provision for income tax (333,802) (244,445) (18,074)
Net income 908,482 543,227 540,073
Total comprehensive income ₱908,482 ₱543,227 ₱540,073
Statements of cash flows
2016 2015 2014
(In Thousand Pesos)
Net cash flows from operating
activities ₱1,808,697 ₱1,202,043 ₱1,617,850
Net cash flows used in investing
activities (69,595) (198,858) (112,400)
Net cash flows used in financing
activities (2,361,390) (869,456) (1,588,676)
Net increase (decrease) in cash
and cash equivalents (₱622,288) ₱133,729 (₱83,226)
248
I Energy Development Corporation Performance Report 2016