2014 Financial Statement
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
EDC <strong>2014</strong> Performance Report<br />
With respect to the credit risk arising from other financial assets of the Company, which comprise<br />
of cash and cash equivalents excluding cash on hand, financial asset at FVPL, other receivables<br />
and AFS investments, the Company’s exposure to credit risk arises from default of the<br />
counterparty, with a maximum exposure equal to the carrying amount of these instruments before<br />
taking into account any collateral and other credit enhancements.<br />
The following tables below show the Company’s aging analysis of the Company’s financial assets<br />
as of December 31, <strong>2014</strong> and 2013:<br />
Neither Past<br />
Due nor<br />
Impaired<br />
Less than<br />
30 Days<br />
<strong>2014</strong><br />
Past Due but Not Impaired<br />
Over 1 Year<br />
31 Days up to<br />
to 1 Year 3 Years<br />
(In Thousand Pesos)<br />
Over<br />
3 Years<br />
Past<br />
Due and<br />
Impaired<br />
Loans and receivables:<br />
Cash and cash<br />
equivalents<br />
(excluding cash on<br />
hand) ₱13,869,256 ₱– ₱– ₱– ₱– ₱– ₱13,869,256<br />
Trade receivables 3,766,128 1,334,308 1,155,556 78,381 – 90,613 6,424,986<br />
Loans and notes<br />
receivables 95,901 – – – – – 95,901<br />
Employee receivables 9,492 – – – – – 9,492<br />
Non-trade receivables 345,810 33,058 14,873 1,455 – – 395,196<br />
Long-term receivables 85,754 – – – – 78,488 164,242<br />
AFS investments:<br />
Debt investments 259,847 – – – – – 259,847<br />
Equity investments 308,130 – – – – – 308,130<br />
<strong>Financial</strong> asset at FVPL 523,593 – – – – – 523,593<br />
Derivatives designated as<br />
cash flow hedges:<br />
Derivative assets 154,169 – – – – – 154,169<br />
Total ₱19,418,080 ₱1,367,366 ₱1,170,429 ₱79,836 ₱– ₱169,101 ₱22,204,812<br />
Total<br />
Neither Past<br />
Due nor<br />
Impaired<br />
Less than<br />
30 Days<br />
2013<br />
Past Due but Not Impaired<br />
Over 1 Year<br />
31 Days up to<br />
to 1 Year 3 Years<br />
(In Thousand Pesos)<br />
Over<br />
3 Years<br />
Past<br />
Due and<br />
Impaired<br />
Loans and receivables:<br />
Cash and cash<br />
equivalents<br />
(excluding cash on<br />
hand) ₱16,013,213 ₱– ₱– ₱– ₱– ₱– ₱16,013,213<br />
Trade receivables 3,213,038 17,048 75,835 – – 91,149 3,397,070<br />
Non-trade receivables 84,773 – 10,060 19 – – 94,852<br />
Loans and notes<br />
receivables 124,936 – – – – – 124,936<br />
Employee receivables* 11,958 – – – – – 11,958<br />
Long-term receivables 16,685 – – – – 72,278 88,963<br />
AFS investments:<br />
Debt investments 341,842 – – – – – 341,842<br />
Equity investments 407,242 – – – – – 407,242<br />
<strong>Financial</strong> asset at FVPL<br />
Derivative assets 7,547 – – – – – 7,547<br />
Derivative assets<br />
designated as cash<br />
flow hedges: 53,583 – – – – – 53,583<br />
Total ₱20,274,817 ₱17,048 ₱85,895 ₱19 ₱– ₱163,427 ₱20,541,206<br />
Total<br />
107
Change language