EDC 2014 SR (UPDATED)
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<strong>EDC</strong> <strong>2014</strong> Performance Report<br />
Financial information on the operating segments are summarized as follows:<br />
LGBU NIGBU BGBU MAGBU<br />
Pantabangan/<br />
Masiway WINBU Others Total<br />
Year ended<br />
December 31, <strong>2014</strong><br />
Segment revenue ₱18,364,197,709 ₱12,644,433,901 ₱4,494,754,347 ₱2,368,843,658 ₱1,624,130,409 ₱188,304,621 ₱8,337,288 ₱39,693,001,933<br />
Intersegment revenue (2,779,106,429) (4,588,402,375) (1,458,293,212) – – – – (8,825,802,016)<br />
Total segment revenue 15,585,091,280 8,056,031,526 3,036,461,135 2,368,843,658 1,624,130,409 188,304,621 8,337,288 30,867,199,917<br />
Segment expenses (7,979,398,782) (3,372,114,185) (2,341,764,411) (1,801,952,981) (918,884,082) (177,902,756) (16,592,017,197)<br />
Unallocated expenses (466,664,177) (466,664,177)<br />
Interest income 85,281,147 42,110,150 17,277,300 11,065,979 28,421,845 533,136 2,098 184,691,655<br />
Interest expense (1,724,439,558) (907,465,848) (458,834,430) (348,769,365) (172,264,865) (89,174,965) (53,061,691) (3,754,010,722)<br />
Other income<br />
(expenses) - net 356,025,843 108,560,848 (39,774,107) 24,558,255 (3,256,276) (463,470) 303,844,218 749,495,311<br />
Income taxes (639,569,890) (602,584,327) 57,316,899 (11,388,706) (18,074,121) (2,646,292) (5,642,964) (1,222,589,401)<br />
Reversal of previously<br />
impaired property,<br />
plant and equipment – 2,051,903,642 – – – – – 2,051,903,642<br />
Segment result ₱5,682,990,040 ₱5,376,441,806 ₱270,682,386 ₱242,356,840 ₱540,072,910 (₱81,349,726) (₱213,185,228) ₱11,818,009,028<br />
EBITDA ₱9,604,617,446 ₱5,399,587,225 ₱1,119,322,968 ₱941,278,769 ₱1,126,806,226 ₱150,943,432 ₱8,337,288 ₱18,350,893,354<br />
Unallocated Expenses – – – – – – – (428,788,398)<br />
₱17,922,104,956<br />
LGBU NIGBU BGBU MAGBU<br />
Pantabangan/<br />
Masiway WINBU Others Total<br />
Year ended<br />
December 31, 2013<br />
Segment revenue ₱15,775,292,990 ₱11,182,135,164 ₱246,465,088 ₱1,876,973,704 ₱2,501,216,675 ₱– ₱– ₱31,582,083,621<br />
Intersegment revenue (1,888,584,019) (3,980,653,002) (56,576,130) – – – – (5,925,813,151)<br />
Total segment revenue 13,886,708,971 7,201,482,162 189,888,958 1,876,973,704 2,501,216,675 – – 25,656,270,470<br />
Segment expenses (7,100,076,840) (2,775,764,935) (1,110,547,292) (1,449,321,408) (855,065,032) (28,496,170) – (13,319,271,677)<br />
Unallocated expenses – – – – – – (448,271,495) (448,271,495)<br />
Interest income 150,817,865 63,342,356 34,991,681 18,269,183 26,493,820 125,529 6,932 294,047,366<br />
Interest expense (1,663,184,605) (847,376,565) (342,418,566) (337,619,061) (187,577,900) – (6,322,607) (3,384,499,304)<br />
Other expenses - net (1,252,587,196) (587,531,051) (145,772,169) (90,238,985) (9,392,222) (14,796,010) (583,904,541) (2,684,222,174)<br />
Income taxes (400,449,803) (269,436,691) 183,217,106 12,600,066 (8,868,213) – (3,045,814) (485,983,349)<br />
Segment result ₱3,621,228,392 ₱2,784,715,276 (₱1,190,640,282) ₱30,663,499 ₱1,466,807,128 (₱43,166,651) (₱1,041,537,525) ₱5,628,069,837<br />
EBITDA ₱8,870,163,861 ₱5,008,022,338 (₱639,659,175) ₱792,428,490 ₱2,067,053,408 (₱27,414,558) ₱– ₱16,070,594,364<br />
Unallocated Expenses – – – – – – – (429,519,371)<br />
₱15,641,074,993<br />
LGBU NIGBU BGBU MAGBU<br />
Pantabangan/<br />
Masiway WINBU Others Total<br />
Year ended<br />
December 31, 2012<br />
Segment revenue ₱16,190,546,266 ₱11,088,763,078 ₱– ₱1,985,626,185 ₱4,753,254,746 ₱– ₱– ₱34,018,190,275<br />
Intersegment revenue (1,712,199,749) (3,937,438,471) – – – – – (5,649,638,220)<br />
Total segment revenue 14,478,346,517 7,151,324,607 – 1,985,626,185 4,753,254,746 – – 28,368,552,055<br />
Segment expenses (7,294,571,578) (2,838,804,166) (1,852,026,768) (1,384,452,380) (932,300,338) (1,720,304) – (14,303,875,534)<br />
Unallocated expenses – – – – – – (223,274,415) (223,274,415)<br />
Interest income 185,725,002 59,809,514 41,322,195 24,420,316 53,302,912 39,987 21,063 364,640,989<br />
Interest expense (1,709,768,641) (885,978,756) (344,252,976) (350,508,951) (413,139,145) – – (3,703,648,469)<br />
Other income<br />
(expenses) - net 365,373,277 502,892,471 55,674,459 22,890,728 (74,734,305) 476,331 19,180,134 891,753,095<br />
Income taxes (570,412,575) (383,138,659) 164,610,199 (15,268,508) 12,207,962 – 16,878,987 (775,122,594)<br />
Segment result from<br />
continuing operations ₱5,454,692,002 ₱3,606,105,011 (₱1,934,672,891) ₱282,707,390 ₱3,398,591,832 (₱1,203,986) (₱187,194,231) ₱10,619,025,127<br />
EBITDA ₱9,261,002,063 ₱4,899,116,507 (₱1,588,897,178) ₱935,603,693 ₱4,241,171,029 (₱1,720,305) ₱– ₱17,746,275,809<br />
Unallocated Expenses – – – – – – – (194,433,529)<br />
₱17,551,842,280<br />
190
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