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, 2018
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
485,310,538
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
9,651,129,811.95
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.
Asia United Bank CorporationAUB
PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and Section 17.2 and 17.8 of the Revised Disclosure Rules
For the fiscal year ended
Dec 31, 2018
Currency
Pesos
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2018
Dec 31, 2017
Current Assets
216,621,436,375
193,542,764,992
Total Assets
237,642,584,697
199,935,534,088
Current Liabilities
201,621,638,235
166,373,165,988
Total Liabilities
208,426,323,027
173,096,357,803
Retained Earnings/(Deficit)
17,990,198,650
15,461,485,614
Stockholders' Equity
29,216,261,670
26,839,176,287
Stockholders' Equity - Parent
29,071,454,467
26,655,403,140
Book Value Per Share
59.9
54.92
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2018
Dec 31, 2017
Gross Revenue
7,762,648,220
6,513,228,128
Gross Expense
1,803,388,201
1,922,143,288
Non-Operating Income
9,566,036,421
8,435,371,416
Non-Operating Expense
0
0
Income/(Loss) Before Tax
4,008,056,844
3,393,886,584
Income Tax Expense
720,590,886
567,769,778
Net Income/(Loss) After Tax
3,287,465,958
2,826,166,806
Net Income/(Loss) Attributable to Parent Equity Holder
3,313,340,815
2,800,755,280
Earnings/(Loss) Per Share (Basic)
6.83
5.77
Earnings/(Loss) Per Share (Diluted)
6.83
5.77
Financial Ratios
Formula
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2018
Dec 31, 2017
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio
Current Assets / Current Liabilities
107.44
116.33
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
107.44
116.33
Solvency Ratio
Total Assets / Total Liabilities
114.02
115.51
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
87.71
86.58
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
713.39
644.94
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
237.23
275.55
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
813.39
744.94
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales
-
-
Net Profit Margin
Net Profit / Sales
30.77
33.46
Return on Assets
Net Income / Total Assets
1.5
1.55
Return on Equity
Net Income / Total Stockholders' Equity
11.73
11.17
Price/Earnings Ratio
Price Per Share / Earnings Per Common Share
8.69
10.36
Other Relevant Information
Today, April 15, 2019, AUB submitted to the SEC its SEC 17-A for 2018, the Audited Financial Statements for 2018 and 2017.
Please take note of the ffg. computations in the Financial Ratios: 1. Return on Assets was based on Net Income over Average Total Assets 2. Return on Equity was based on Net Income over Average Total Equity
Filed on behalf by:
Name
Cynthia Santos
Designation
Senior Vice President / Chief Compliance Officer / Head of Compliance Group