EDC 2014 SR (UPDATED)
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<strong>EDC</strong> <strong>2014</strong> Performance Report<br />
ENERGY DEVELOPMENT CORPORATION<br />
(A Subsidiary of Red Vulcan Holdings Corporation)<br />
AND SUBSIDIARIES<br />
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<br />
December 31<br />
<strong>2014</strong> 2013<br />
ASSETS<br />
Current Assets<br />
Cash and cash equivalents (Notes 7 and 31) ₱14,010,213,414 ₱16,043,154,556<br />
Trade and other receivables (Notes 3, 8, 20 and 31) 6,887,533,961 3,611,367,033<br />
Financial assets at fair value through profit or loss (Notes 3, 9 and 31) 523,593,442 –<br />
Parts and supplies inventories (Notes 3 and 10) 2,902,452,788 3,094,303,449<br />
Derivative assets (Note 31) 22,024,164 14,244,905<br />
Available-for-sale investments (Notes 3, 9 and 31) – 341,841,500<br />
Other current assets (Note 11) 720,967,433 1,235,454,883<br />
Total Current Assets 25,066,785,202 24,340,366,326<br />
Noncurrent Assets<br />
Property, plant and equipment (Notes 3 and 12) 83,073,524,410 66,240,009,563<br />
Goodwill and intangible assets (Notes 3 and 13) 4,542,553,788 4,399,527,299<br />
Exploration and evaluation assets (Notes 3 and 14) 2,801,502,406 2,380,775,489<br />
Available-for-sale investments (Notes 3, 9 and 31) 567,976,890 407,242,129<br />
Deferred tax assets - net (Notes 2 and 28) 1,049,978,028 1,335,077,588<br />
Derivative assets (Note 31) 132,144,980 46,885,196<br />
Other noncurrent assets (Notes 3, 15 and 31) 7,264,999,222 5,855,620,746<br />
Total Noncurrent Assets 99,432,679,724 80,665,138,010<br />
TOTAL ASSETS ₱124,499,464,926 ₱105,005,504,336<br />
LIABILITIES AND EQUITY<br />
Current Liabilities<br />
Trade and other payables (Notes 3, 16 and 31) ₱7,639,327,438 ₱6,981,975,893<br />
Due to related parties (Notes 20 and 31) 49,625,468 53,347,005<br />
Income tax payable 58,743,150 –<br />
Current portion of:<br />
Long-term debts (Notes 17 and 31) 10,499,672,112 1,872,075,873<br />
Derivative liabilities (Note 31) 3,394,698 524,790<br />
Total Current Liabilities 18,250,762,866 8,907,923,561<br />
Noncurrent Liabilities<br />
Long-term debts - net of current portion<br />
(Notes 17 and 31) 58,962,569,562 56,676,684,462<br />
Derivative liabilities - net of current portion<br />
(Note 31) 166,340,202 3,673,532<br />
Deferred tax liability 2,612,598 –<br />
Net retirement and other post-employment benefits<br />
(Notes 3 and 27) 1,795,995,440 1,658,587,597<br />
Provisions and other long-term liabilities<br />
(Notes 3 and 18) 1,701,097,781 1,513,676,279<br />
Total Noncurrent Liabilities 62,628,615,583 59,852,621,870<br />
Total Liabilities 80,879,378,449 68,760,545,431<br />
(Forward)<br />
134<br />
This page contains the following GRI indicator(s):<br />
G4-17 (up to p. 261)
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