9. Former name or former address, and former fiscal year, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock
7,017,171,657
Long-term Debt
30,000,000,000
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange Common Stock
12. Check whether the issuer:
(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)
Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No
13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form
397,087,946,747
APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS
14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.
Yes
No
DOCUMENTS INCORPORATED BY REFERENCE
15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated:
(a) Any annual report to security holders
Not applicable
(b) Any information statement filed pursuant to SRC Rule 20
Not applicable
(c) Any prospectus filed pursuant to SRC Rule 8.1
Not applicable
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
JG Summit Holdings, Inc.JGS
PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and Sections 17.2 and 17.8 of the Revised Disclosure Rules
For the fiscal year ended
Dec 31, 2014
Currency (indicate units, if applicable)
Peso
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2014
Dec 31, 2013
Current Assets
142,997,129,692
118,501,157,716
Total Assets
558,778,788,477
473,620,208,389
Current Liabilities
129,806,709,934
159,102,593,701
Total Liabilities
297,168,333,871
237,753,161,488
Retained Earnings/(Deficit)
150,226,755,543
133,393,044,084
Stockholders' Equity
261,610,454,606
235,867,046,901
Stockholders' Equity - Parent
207,616,337,336
186,176,204,554
Book Value per Share
29.58
27.39
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2014
Dec 31, 2013
Operating Revenue
184,812,330,245
150,347,871,916
Other Revenue
2,567,576,785
2,132,748,261
Gross Revenue
187,379,907,030
152,480,620,177
Operating Expense
147,337,286,679
124,942,954,104
Other Expense
9,768,570,452
7,759,741,739
Gross Expense
157,105,857,131
132,702,695,843
Net Income/(Loss) Before Tax
30,274,049,899
19,777,924,334
Income Tax Expense
4,449,245,289
3,041,525,316
Net Income/(Loss) After Tax
25,824,804,610
16,736,399,018
Net Income/(Loss) Attributable to Parent Equity Holder
18,245,149,790
10,434,134,218
Earnings/(Loss) Per Share (Basic)
2.6
1.53
Earnings/(Loss) Per Share (Diluted)
2.6
1.53
Financial Ratios
Formula
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2014
Dec 31, 2013
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio
Current Assets / Current Liabilities
1.1
0.74
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
0.79
0.59
Solvency Ratio
Total Assets / Total Liabilities
1.88
1.99
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
0.36
0.26
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
0.77
0.53
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
8.45
9.17
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
2.14
2.01
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales
37.8
34.3
Net Profit Margin
Net Profit / Sales
9.87
6.94
Return on Assets
Net Income / Total Assets
0.05
0.04
Return on Equity
Net Income / Total Stockholders' Equity
0.1
0.07
Price/Earnings Ratio
Price Per Share / Earnings Per Common Share
27.31
34.35
Other Relevant Information
Alignment of Accounting Period
In previous years, the Group consolidated the financial statements of their fiscal year end subsidiaries using their September 30 fiscal year end financial statements as allowed under PFRS 10. In accordance with PFRS 10, management exercised judgement in determining whether adjustments should be made in the consolidated financial statements of the Group pertaining to the effects of significant transactions or events of the fiscal subsidiaries that occur between September 30 and the date of the Parent Company’s financial statements.
In 2014, management of the Group deemed that it is now practicable to prepare consolidated financial statements incorporating the financial statements of the Group’s fiscal yearend subsidiaries as of the same date as the Parent Company’s financial statements which is December 31. Accordingly, the Group restated the financial statements as of and for the year ended December 31, 2013 to reflect the effect of the alignment of the accounting periods.