2014 Financial Statement

EDC 2014 Performance Report
ENERGY DEVELOPMENT CORPORATION
(A Subsidiary of Red Vulcan Holdings Corporation)
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years Ended December 31
2014 2013 2012
NET INCOME ₱11,818,009,028 ₱5,628,069,837 ₱10,716,520,572
OTHER COMPREHENSIVE INCOME (LOSS)
Other comprehensive income (loss) to be reclassified to
profit or loss in subsequent periods:
Cumulative translation adjustments on hedging
transactions, net of tax effect amounting to
₱5,240,941 in 2014, ₱9,867,862 in 2013
and ₱16,047,386 in 2012(Note 31) (122,566,454) 88,810,758 (144,426,476)
Cumulative translation adjustments on foreign
subsidiaries 2,168,167 (14,534,996) 5,243,951
Changes in fair value of available-for-sale
investments recognized in equity
(Notes 9 and 31) 113,581,354 (81,911,404) 19,763,810
(6,816,933) (7,635,642) (119,418,715)
Other comprehensive income (loss) not to be
reclassified to profit or loss in subsequent periods:
Remeasurements of retirement and other postemployment
benefits, net of tax effect
amounting to ₱4,087,231 in 2014, nil in
2013 and ₱45,188,919 in 2012 (30,145,429) (137,088,566) (406,700,259)
Total other comprehensive income -
net of tax effect (36,962,362) (144,724,208) (526,118,974)
TOTAL COMPREHENSIVE INCOME ₱11,781,046,666 ₱5,483,345,629 ₱10,190,401,598
Total comprehensive income attributable to:
Equity holders of the Parent Company ₱11,641,537,318 ₱4,595,774,119 ₱8,476,242,945
Non-controlling interests 139,509,348 887,571,510 1,714,158,653
₱11,781,046,666 ₱5,483,345,629 ₱10,190,401,598
See accompanying Notes to Consolidated Financial Statements.
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