CR02638-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-A, AS AMENDED

ANNUAL REPORT PURSUANT TO SECTION 17
OF THE SECURITIES REGULATION CODE AND SECTION 141
OF THE CORPORATION CODE OF THE PHILIPPINES

1. For the fiscal year ended
Dec 31, 2014
2. SEC Identification Number
184044
3. BIR Tax Identification No.
000-775-860
4. Exact name of issuer as specified in its charter
JG Summit Holdings, Inc.
5. Province, country or other jurisdiction of incorporation or organization
Pasig City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
43rd Floor, Robinsons-Equitable Tower ADB Ave. corner Poveda Road, Pasig City Postal Code 1600
8. Issuer's telephone number, including area code
(632) 633-7631
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.

Filed on behalf by:
Name Michelle Abellanosa
Designation Assistant Vice President - Controller