PLEASE BE ADVISED THAT THE INFORMATION CONTAINED HEREIN WAS PREVIOUSLY POSTED AS AN EMERGENCY SUBMISSION IN THE PSE EDGE PORTAL ON APRIL 18, 2017 AT 11:13 A.M.
Pursuant to the relevant provisions of the Memorandum of Understanding By and Between the Philippine Stock Exchange, Inc. and the Securities and Exchange Commission on the Listing of the PSE Shares on the PSE Trading Board, the Commission has caused the immediate posting of the foregoing disclosure/s in the PSE Electronic Disclosure Generation Technology System (PSE EDGE). This directive is being issued primarily for the purpose of ensuring the timely disclosure of information relating to PSE as a listed company and should not be construed as an approval by the Commission of the item/s being disclosed nor of any of the acts done by the PSE or it intends to do in relation to this disclosure. The PSE shall remain responsible for complying with the other requirements as mandated in the Securities Regulation Code and other relevant laws and their respective rules and regulations.
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, 2016
2. SEC Identification Number
AN092-002557
3. BIR Tax Identification No.
002-333-130
4. Exact name of issuer as specified in its charter
The Philippine Stock Exchange, Inc.
5. Province, country or other jurisdiction of incorporation or organization
9. Former name or former address, and former fiscal year, if changed since last report
2nd Floor, PSE Centre, Ortigas Center, Pasig City 1605
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 Shares
73,416,777
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:
The Philippine Stock Exchange, Inc.
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
N/A
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
NONE
(b) Any information statement filed pursuant to SRC Rule 20
NONE
(c) Any prospectus filed pursuant to SRC Rule 8.1
NONE
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.
The Philippine Stock Exchange, Inc.PSE
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, 2016
Currency (indicate units, if applicable)
Phillipine Peso
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2016
Dec 31, 2015
Current Assets
1,222,059,534
1,165,487,314
Total Assets
3,428,826,071
3,121,288,035
Current Liabilities
400,292,764
301,153,814
Total Liabilities
413,007,746
312,706,667
Retained Earnings/(Deficit)
1,939,708,455
1,751,963,074
Stockholders' Equity
3,015,818,325
2,808,581,368
Stockholders' Equity - Parent
2,886,568,929
2,681,921,110
Book Value per Share
41.08
38.27
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2016
Dec 31, 2015
Operating Revenue
1,263,286,439
1,214,206,000
Other Revenue
204,756,310
235,694,412
Gross Revenue
1,468,042,749
1,449,900,412
Operating Expense
592,596,880
601,905,365
Other Expense
-
-
Gross Expense
592,596,880
601,905,365
Net Income/(Loss) Before Tax
875,445,869
847,995,047
Income Tax Expense
173,904,471
165,186,164
Net Income/(Loss) After Tax
701,541,398
682,808,883
Net Income/(Loss) Attributable to Parent Equity Holder
702,308,574
667,958,675
Earnings/(Loss) Per Share (Basic)
9.56
9.31
Earnings/(Loss) Per Share (Diluted)
9.55
9.31
Financial Ratios
Formula
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2016
Dec 31, 2015
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio
Current Assets / Current Liabilities
3.05
3.87
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
3.01
3.79
Solvency Ratio
Total Assets / Total Liabilities
8.3
9.98
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
0.12
0.1
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
0.14
0.11
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
n/a
n/a
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
1.14
1.11
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales