<strong>EDC</strong> <strong>2014</strong> Performance Report ENERGY DEVELOPMENT CORPORATION (A Subsidiary of Red Vulcan Holdings Corporation) AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31 <strong>2014</strong> 2013 ASSETS Current Assets Cash and cash equivalents (Notes 7 and 31) ₱14,010,213,414 ₱16,043,154,556 Trade and other receivables (Notes 3, 8, 20 and 31) 6,887,533,961 3,611,367,033 Financial assets at fair value through profit or loss (Notes 3, 9 and 31) 523,593,442 – Parts and supplies inventories (Notes 3 and 10) 2,902,452,788 3,094,303,449 Derivative assets (Note 31) 22,024,164 14,244,905 Available-for-sale investments (Notes 3, 9 and 31) – 341,841,500 Other current assets (Note 11) 720,967,433 1,235,454,883 Total Current Assets 25,066,785,202 24,340,366,326 Noncurrent Assets Property, plant and equipment (Notes 3 and 12) 83,073,524,410 66,240,009,563 Goodwill and intangible assets (Notes 3 and 13) 4,542,553,788 4,399,527,299 Exploration and evaluation assets (Notes 3 and 14) 2,801,502,406 2,380,775,489 Available-for-sale investments (Notes 3, 9 and 31) 567,976,890 407,242,129 Deferred tax assets - net (Notes 2 and 28) 1,049,978,028 1,335,077,588 Derivative assets (Note 31) 132,144,980 46,885,196 Other noncurrent assets (Notes 3, 15 and 31) 7,264,999,222 5,855,620,746 Total Noncurrent Assets 99,432,679,724 80,665,138,010 TOTAL ASSETS ₱124,499,464,926 ₱105,005,504,336 LIABILITIES AND EQUITY Current Liabilities Trade and other payables (Notes 3, 16 and 31) ₱7,639,327,438 ₱6,981,975,893 Due to related parties (Notes 20 and 31) 49,625,468 53,347,005 Income tax payable 58,743,150 – Current portion of: Long-term debts (Notes 17 and 31) 10,499,672,112 1,872,075,873 Derivative liabilities (Note 31) 3,394,698 524,790 Total Current Liabilities 18,250,762,866 8,907,923,561 Noncurrent Liabilities Long-term debts - net of current portion (Notes 17 and 31) 58,962,569,562 56,676,684,462 Derivative liabilities - net of current portion (Note 31) 166,340,202 3,673,532 Deferred tax liability 2,612,598 – Net retirement and other post-employment benefits (Notes 3 and 27) 1,795,995,440 1,658,587,597 Provisions and other long-term liabilities (Notes 3 and 18) 1,701,097,781 1,513,676,279 Total Noncurrent Liabilities 62,628,615,583 59,852,621,870 Total Liabilities 80,879,378,449 68,760,545,431 (Forward) 134 This page contains the following GRI indicator(s): G4-17 (up to p. 261)
<strong>EDC</strong> <strong>2014</strong> Performance Report December 31 <strong>2014</strong> 2013 Equity Equity attributable to equity holders of the Parent Company: Preferred stock (Note 19) ₱93,750,000 ₱93,750,000 Common stock (Note 19) 18,750,000,000 18,750,000,000 Common shares in employee trust account (Notes 19 and 30) (346,730,774) (351,494,001) Additional paid-in capital (Note 30) 6,285,845,818 6,282,808,842 Equity reserve (Note 19) (3,706,430,769) (3,706,430,769) Net accumulated unrealized gain on available-for-sale investments (Note 9) 143,192,675 29,611,321 Cumulative translation adjustments on hedging transactions (Note 31) (178,182,172) (55,615,718) Cumulative translation adjustment arising from foreign subsidiaries (6,530,344) (8,698,511) Retained earnings (Notes 2 and 19) 21,095,090,585 13,204,236,334 42,130,005,019 34,238,167,498 Non-controlling interests (Notes 2 and 19) 1,490,081,458 2,006,791,407 Total Equity 43,620,086,477 36,244,958,905 TOTAL LIABILITIES AND EQUITY ₱124,499,464,926 ₱105,005,504,336 See accompanying Notes to Consolidated Financial Statements. 135