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
A-1997-18963
3. BIR Tax Identification No.
005-011-651-000
4. Exact name of issuer as specified in its charter
ASIA UNITED BANK CORPORATION
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
Joy-Nostalg Center No. 17 ADB Avenue, Ortigas Center, Pasig CityPostal Code1600
8. Issuer's telephone number, including area code
(632) 631-3333 / (632) 638-6888
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
323,540,360
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
7,768,612,710.00
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
No
(b) Any information statement filed pursuant to SRC Rule 20
No
(c) Any prospectus filed pursuant to SRC Rule 8.1
No
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.
Asia United Bank CorporationAUB
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)
Php
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2014
Dec 31, 2013
Current Assets
115,494,501,767
98,266,176,129
Total Assets
124,793,029,282
105,045,933,453
Current Liabilities
101,511,345,197
82,279,443,113
Total Liabilities
104,600,240,577
86,993,722,082
Retained Earnings/(Deficit)
11,625,325,710
9,989,800,874
Stockholders' Equity
20,192,788,705
18,052,211,371
Stockholders' Equity - Parent
19,957,802,306
17,911,380,680
Book Value per Share
61.98
55.36
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2014
Dec 31, 2013
Operating Revenue
4,139,190,336
2,878,534,946
Other Revenue
2,131,622,425
1,633,987,410
Gross Revenue
6,270,812,761
4,512,522,356
Operating Expense
4,342,629,365
2,867,882,766
Other Expense
-
-
Gross Expense
-
-
Net Income/(Loss) Before Tax
1,928,183,396
1,644,639,590
Income Tax Expense
239,191,395
169,633,768
Net Income/(Loss) After Tax
1,688,992,001
1,475,005,822
Net Income/(Loss) Attributable to Parent Equity Holder
1,681,499,616
1,459,234,942
Earnings/(Loss) Per Share (Basic)
5.2
5.05
Earnings/(Loss) Per Share (Diluted)
5.2
5.05
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
113.77
119.43
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
113.77
119.43
Solvency Ratio
Total Assets / Total Liabilities
119.3
120.75
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
83.82
82.81
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
518.01
481.9
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
282.38
297.67
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
618.01
581.9
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales
-
-
Net Profit Margin
Net Profit / Sales
4.57
4.21
Return on Assets
Net Income / Total Assets
1.47
1.73
Return on Equity
Net Income / Total Stockholders' Equity
8.83
9.96
Price/Earnings Ratio
Price Per Share / Earnings Per Common Share
13.27
13.49
Other Relevant Information
o On April 15, 2015. AUB filed a request for extension to file SEC Form 17-A with the SEC and PSE. AUB undertook to submit the report on or before April 30, 2015. o On April 16, 2015, AUB submitted to the SEC its SEC 17-A for 2014, together with the consolidated ACGR with 2014 updates, the Audited Financial Statements for 2014 and 2013, and the SEC Supplementary Schedules as of December 31, 2014.