EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
Japanese
yen (JP¥)
Sweden
kroner
(SEK
Original Currency
Chilean
Peso
(CH₱)
Peruvian
Sol
(PEN)
2014
Singapore
Dollar (SGD)
New Zealand
dollar (NZD)
Peso
Equivalent1
US$
Financial Liabilities
Liabilities at amortized
cost:
Accounts payable 18,288,738 117,481,739 1,569,250 − − 94,100 259,616 ₱882,590,091
Long-term debt 661,843,245 − − − − − − 29,597,629,916
Accrued interest on
long-term debts 9,021,799 − − − − − − 403,454,851
Derivative liability 3,795,503 − − − − − − 169,734,894
Total financial liabilities 692,949,285 117,481,739 1,569,250 − − 94,100 259,616 ₱31,053,409,752
1
US$1= ₱44.72, JP¥1=₱0.371444,SEK1=₱5.686, CH₱1=₱0.073837, PEN1=₱14.959, SGD1=₱33.6961 and NZD1=₱34.6136
as of December 31, 2014 (see Note 25)
Japanese
yen (JP¥)
Sweden
kroner
(SEK
Original Currency
Chilean
Peso
(CH₱)
Peruvian
Sol
(PEN)
2013
Singapore
Dollar (SGD)
New Zealand
dollar (NZD)
Peso
Equivalent1
US$
Financial Assets
Loans and receivables:
Cash equivalents 56,300,000 − − − − − − ₱2,499,438,500
Cash on hand and in
banks 11,917,441 − − − 96,005,271 − − 537,186,567
AFS investments:
Debt investments 7,696,268 − − − − − − 341,675,818
Financial assets at FVPL:
Derivative assets 169,997 − − − − − − 7,547,020
Derivative assets
designated as cash flow
hedges 1,206,962 − − − − − − 53,583,080
Total financial assets 77,290,668 − − − 96,005,271 − − ₱3,439,430,985
Financial Liabilities
Liabilities at amortized
cost:
Accounts payable 26,621,867 13,822,941 138,000 1,254,342 − 139,000 621,331 ₱1,231,408,505
Long-term debt 513,785,044 − − − − − − 22,809,487,028
Accrued interest on
long-term debts 8,891,194 − − − − − − 394,724,558
Derivative assets
designated as cash
flow hedges 94,568 − − − − − − 4,198,322
Total financial liabilities 549,392,673 13,822,941 138,000 1,254,342 − 139,000 621,331 ₱24,439,818,413
1
US$1= ₱44.395, JP¥1=₱0.0095, GBP1=₱72.90, SEK1=₱6.79, CH₱=1=₱0.08449, EUR1=₱60.82 and NZD1=₱36.212
as of December 31, 2013 .(see Note 25)
The following tables demonstrate the sensitivity to a reasonably possible change in the foreign
currency exchange rates applicable to the Company, with all other variables held constant, of the
Company’s income (loss) before income tax and equity for the years ended December 31, 2014
and 2013. The impact on the Company’s income before income tax is due to revaluation of
monetary assets and monetary liabilities while impact on equity arises from changes in the fair
value of cross currency swaps designated as cash flow hedges as well as AFS debt investments.
2014
Foreign Currency
Appreciates
(Depreciates) By
Effect on Income
Before Income Tax Effect on Equity
USD 10% or ₱4.472 (₱2,850,825,116) ₱269,780,071
(10% or ₱4.472) 2,850,825,116 (383,226,594)
JPY 10% or ₱0.03714 (4,363,792) −
(10% or ₱0.03714) 4,363,792 −
SEK 10% or ₱0.56860 (892,276) −
(10% or ₱0.56860) 892,276 −
(Forward)
235