CR05520-2014

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Jun 30, 2014
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000153610000
4. Exact name of issuer as specified in its charter
AYALA CORPORATION
5. Province, country or other jurisdiction of incorporation or organization
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
34th Floor, Tower One, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(632) 908-3000
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
Preferred A (Net of 12,000,000 treasury shares) 0
Preferred B (Net of 38,000,000 treasury shares) 20,000,000
Voting Preferred 200,000,000
Common 600,470,791
Debt outstanding as of June 30, 2014 (in billions) 257.6
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:
A total of 596,156,217 Common shares, and 20,000,000 Preferred “B” shares are listed with the Philippine Stock Exchange as of June 30, 2014
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 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

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.

Ayala CorporationAC

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Jun 30, 2014
Currency (indicate units, if applicable) in Thousand Pesos
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2014 Dec 31, 2013
Current Assets 252,128,770 211,487,944
Total Assets 679,320,525 599,664,300
Current Liabilities 155,067,166 145,207,693
Total Liabilities 428,375,086 364,193,709
Retained
Earnings/(Deficit)		 100,997,738 92,639,781
Stockholders' Equity 250,945,439 235,470,591
Stockholders' Equity - Parent 77,459,103 74,365,279
Book Value per Share 237.86 230.68
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 39,769,568 32,321,394 76,902,948 64,210,630
Other Revenue 6,716,525 4,211,462 14,258,272 10,387,515
Gross Revenue 46,486,093 36,532,856 91,161,220 74,598,145
Operating Expense 32,588,159 25,820,003 63,308,794 51,724,090
Other Expense 4,242,736 3,310,828 7,738,110 6,838,588
Gross Expense 36,830,895 29,130,831 71,046,904 58,562,678
Net Income/(Loss) Before Tax 9,655,198 7,402,025 20,114,316 16,035,467
Income Tax Expense 1,840,124 1,716,638 3,626,608 3,424,575
Net Income/(Loss) After Tax 7,815,074 5,685,387 16,487,708 12,610,892
Net Income Attributable to
Parent Equity Holder		 4,327,277 2,796,721 9,798,711 7,303,536
Earnings/(Loss) Per Share
(Basic)		 6.54 4.43 15.89 11.8
Earnings/(Loss) Per Share
(Diluted)		 6.5 4.42 15.8 11.72
Other Relevant Information

Please see attached SEC17Q as of June 30, 2014
Filed on behalf by:
Name Delfin, Jr. Gonzalez
Designation Chief Finance Officer