CR02317-2014

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, 2013
2. SEC Identification Number
167423
3. BIR Tax Identification No.
000477103
4. Exact name of issuer as specified in its charter
MEGAWORLD CORPORATION
5. Province, country or other jurisdiction of incorporation or organization
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
28/F The World Centre, 330 Sen. Gil Puyat Avenue, Makati City, Philippines Postal Code 1227
8. Issuer's telephone number, including area code
6328678826 to 40
9. Former name or former address, and former fiscal year, if changed since last report
N/A
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 32,008,645,905
Preferred 6,000,000,000
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:
Philippines Stock Exchange
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

Php44,091,602,461.20 based on the closing price of Php4.19 per share as of March 31, 2014.
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
N/A
(b) Any information statement filed pursuant to SRC Rule 20
N/A
(c) Any prospectus filed pursuant to SRC Rule 8.1
N/A

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.

Megaworld CorporationMEG

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, 2013
Currency (indicate units, if applicable) Pesos
Balance Sheet
Year Ending Previous Year Ending
Dec 31, 2013 Dec 31, 2012
Current Assets 98,458,370,209 81,732,409,554
Total Assets 173,882,105,347 142,723,397,757
Current Liabilities 25,896,516,608 25,762,073,994
Total Liabilities 71,929,083,522 61,497,471,151
Retained
Earnings/(Deficit)
42,457,420,384 34,486,457,893
Stockholders' Equity 101,953,021,825 81,225,926,606
Stockholders' Equity - Parent 91,927,391,376 71,350,562,627
Book Value per Share 2.91 2.52
Income Statement
Year Ending Previous Year Ending
Dec 31, 2013 Dec 31, 2012
Operating Revenue 32,332,728,327 26,964,855,131
Other Revenue 3,908,836,175 3,639,534,746
Gross Revenue 36,241,564,502 30,604,389,877
Operating Expense 22,781,790,580 19,812,648,846
Other Expense 1,859,653,882 1,127,193,834
Gross Expense 24,641,444,462 20,939,842,680
Net Income/(Loss) Before Tax 11,606,435,750 9,664,547,197
Income Tax Expense 2,571,452,012 2,252,723,421
Net Income/(Loss) After Tax 9,034,983,738 7,411,823,776
Net Income/(Loss) Attributable to Parent Equity Holder 8,970,664,010 7,298,865,167
Earnings/(Loss) Per Share (Basic) 0.308 0.281
Earnings/(Loss) Per Share (Diluted) 0.305 0.275
Financial Ratios
Formula Fiscal Year Ended Previous Fiscal Year
Dec 31, 2013 Dec 31, 2012
Liquidity Analysis Ratios:
Current Ratio or
Working Capital Ratio
Current Assets / Current Liabilities 3.8 3.17
Quick Ratio (Current Assets - Inventory - Prepayments) / Current Liabilities 1.99 1.64
Solvency Ratio Total Assets / Total Liabilities 2.42 2.32
Financial Leverage Ratios
Debt Ratio Total Debt/Total Assets 0.41 0.43
Debt-to-Equity Ratio Total Debt/Total Stockholders' Equity 0.28 0.25
Interest Coverage Earnings Before Interest and Taxes (EBIT) / Interest Charges 7.25 7.07
Asset to Equity Ratio Total Assets / Total Stockholders' Equity 1.71 1.76
Profitability Ratios
Gross Profit Margin Sales - Cost of Goods Sold or Cost of Service / Sales 43.01 40.22
Net Profit Margin Net Profit / Sales 24.93 24.22
Return on Assets Net Income / Total Assets 5.2 5.19
Return on Equity Net Income / Total Stockholders' Equity 8.86 9.12
Price/Earnings Ratio Price Per Share / Earnings Per Common Share 10.52 9.86
Other Relevant Information

None

Filed on behalf by:
Name Rhodora Edangalino
Designation Assistant Manager