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e
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16tr*{r!.a
by SEC
pdlom.l
acm.d
ffi
mF
NOTICE OF STOCICIOLDEIIS MEETING
TO
:
ALL STOCKFOI-DFIS
ISLAND INIORMATION & TECHNOLOGY. INC.
givd thar the Amual Stooknoldo,s M*tine ofou CoDmdon will be
held oD Dffibo 12.20t4 a 2 OO P M. d h. Csino Espeotde Vmla I M Kaiaw
sL. MalzL., M&ilo- !o disGs rne fouowins
Nolic
is [ercby
2, Ptuf
5.
6.
7.
8.
of Noti@
Cstincalion of qmtu hy rhe Corporat Secelary
Approid olrhe Mules ofthe Stockholds's M@ting tretd tb$ Februlry 24,
20t4.
Rep0t ofthe PEsidenl
Apprcval oftLe Octobq 31, 2013 Audited limciat Staldenls
Elalio of DiEroB
Appoi.tmml of ExterM.l Auditos
'0
AlioMt
3.
4.
prlos6 of the meline, lhe Bodd of DhecroB hs fixed the clos of buins on
Novmt6 14,2014 6 the E@rd darc for rhe deteminado! of $o.kloldds orirted b
For
W. l@k foM&d lo you attdddce in FNn. Bul in tLe wetrt rr! m Eabte to core,
pie4e &foaplhh ed retE th€ acloEd poxy fotu sd renm n ro rhe ud.Bigned al
no. 4B Vaida I Condohid@, 120 Ameio Sr. lrespi Vilage MsI*i City nor
la1g the Dmb€r E, 2014. A-ll pbxj4 sh,.ll bc @lidar.d ai th€ ofic of Lled
Infmation & Te6nologj/, Inc. at rh€ sme addr€s,
9:,i,
SECURIIIES IND EXCII]TNGE COMMI$SION
SEC FORM 2GIS
Rf,VTSDD TNTORMATION STATEMENT punsr rAr{r TO
OF TIIE SECTJRITIES REGULATION CODF,
l.
Check lhe aoDropflde box:
(
(
2
SDCTplt 20
)
x)
PElini.ary Itrflm,rion Slat mdt
D€ftitiw biomalion stareDot
/v^v
i;!
Nme ol Regbtrot s sD6iffed in this Cbdtei
ISI-AND INIIOiMATION & TECIINOiOGY, iNC.
I,.diDce, Coutr o olnq juisdicnon of
Meho Moilq Ptilippires
4. SEC
ld€.titr
5. BIR
Ta
iropmrion d orguizrion
ation NuDt'erJ618O
Id€ntifi calio! Nunn$00Gs39162
6. Addrcs
ofrdncipal O6cd
llB Vuni.h I CordoDiriud
Villg.
tro ADoFolo St, Leg,spi
d Cily
M.t
,.
R€gietmfs reletton. nmbd, ircluditrs a@.odq (d32) 8l !2839
8.
Date,liDe od
Daie
Tim
Pl&e
-
de
of th€
0.
b
case
NdG
seity
holdas
Ds6nhn 12.2014
-2r00P.M
-
csino Flpeol
9. A$roxinate date on wlict
*cEiiy nou6: Novmbs
I
nering of
d€
Mdn",855
T. 14
KalM Sr,
Matate,
Mdta
th€ Inf@ario, Sr.te@nts is first ro be seDr
21. 2014
d eiB
of Prorv Soliciladon'
of the P.B@ 6ling the
Statddt5o,icnd I3trnd
t
o@rion &
ro
.
-"r:
zak
Addres &d Tet.phorc No.i srit'e +B Venidr I
L.gapl viu4gc nlrlod Cly T.L 81j2S39
I
c@dohidor, U0 &onolo Sr,
l. SadtielgisEred pB@r io S..rio! 8 6d 12 of tte Code (i.fonEtie
nuhq ofsl.B lad eoun ofdebr is splliqhle oJy to corpont rgisE
Nhbq
of
6
nr.
SL.ru of CoDuon
Outrtrdi.g or]llout otD.br O(!t rdhg
Cmn@shlBPsm.Ol 488j,?48,685
AE
ey d sI
thr
Egisrut's
s.sids
ltured
p48,857,486.8s
h t!. $o.k Ex.hdge?
No( )
r
,t6, di*loe
l[. Ir4e
Ttc-Registr&a!
ofsuch Siock Excbbse &d lhe cles
orDo .Ll6 e
tist d
ar the
ofwuili*
li.!.d rh6in.
pE[IppINE STOcr EXCEANGE,
PART
I
A" GENERAL INFORMATION
IteD
1.
Drt J Tio.
rd
-
pt.ce ofMeerinq
De.dbq 12,20t4
2r00P.M.
C6ino gep@l
M&jt4 855 T. M- I(elaw Sr, Matare, Mdita
Sm!tunr is qlecl€d ro be irsl Mt or, to fi; *ockholdB
on
de
This Irnlomsrr@
Novtube! 21. 20 t 4
Registial's Maning Add6s:
ISLAND INIORIII.{TION & TECENOI.OGY. IN(:
+B Vmida I Condo0inih
120 Amrelo Sr, L.gaspr Vitbg.
It d 2. Db*Dter" Riglt
of
Apprrnrl
A eockloldq h6 lh! riXh Lo dBh, &d d.o&d pay@r of rl.
fair vatue o"bs
, l)
sle:
D B. e) @d.h@r to Lh!.rricle oI ildpoErioD ha 6. efed
of
6egsg or Est-lcring ln. n8h6 of &y stocrholdft d ot aEhorr,nc pE{fficr oh
@ olrlsufihg stj.B or ol o16ditr8 or shoncnins rhe ET ot cormme crtsren*
r:r
o ced ey sate. t@e. moEgage or ditposi on oialtor srbsbriall\ al ihe c1)mBk
prcFrt or a6, old (31 h c& ot ey dercer or consotid,rlon.
,P'
o. qfti*n h, a srocrhords who hs vor.d asaiD$ rhe
-"^_ --T:1ry:d *h:,.":,
q *li F wino deD,rd @ oe coaouioi ror rrre
ll_"3:y
paybal ol:11p.,.,r
D'. tar.marer vatuc ofhic
' wi6in fi y rlot d"rs ane 0E d{e;;
sbrc
whicl the voi. M lako.
u
Ir.6
3,
ht
16r of C€d.i! pcBoDs in or Oppositior to Mor.B to
bG
Act rt Upor
officft. Dmnm for diBrouhip or e, or rhtr
^-^^-,_._":.:y:::
h!:,-y 1T:.1.":..x*Ei!e
i"Le6.
diEcr o! ildle. ir uy mn* ro re oeii upot u
f:"j.s
:,by'jl
ue
meers oher tn&
ddior
to
offie
_ NoDc oftb. di.cctoh ofthe R.gtrrnnt nd iEfomed th. Regilrnnr ih.r b.
ilten& to oppo!. y .cfotr 60 be r.ko rt rhe sro.*nold€.t E..ti,;
CONTROL AND COMIENSAfi ON INTORMATION
Itu
4. yodnS
a
Seuitie utl Prirctp.t Eotden TncMf
'fte @mpey hs
b. Alr sl@ktroLlas ofrccord d oiNovmbd
10
c,
s
4,885,748,685 sh@s suhscnbert md ou$rardi.C
of
\ovmbs t4. 2014 E6rd dale. EveD >rocthotde! sha.t enrnted ro one
vote fn erch sh* ol noLt t.td 6 o I 6. esb'i+ed
@d dare.
vote al ihe
r
14,2Ol4
si@thold6' n@lin8.
e
dritled
10
iotie
ard
rcA*t to thc eletiu of direroB, the stocthotde mav vole such
lMbeof shtr s for6 Edypeensslh*se dirtuF ro be;t{kd o, ne
@y cmllat€ said shds &d give one cedidare d oey vole s the ,uber
of di.{1o6 to be eleded or hc na/ dishibul€ rh.m o; lhe sde pnnciple
lmEC a oqy cd.lidG s he shatt s* fir: phude rhd fi. r@i n@br
ot volEs cjl by hiD shall nor 6ceed the trubs ot shtrs ohed by hjr
Wilb
nultiplied by the riDle nmbd ofdi@toB
ro be
eleted,
4 ryry1! I Anrle [. seuon 4 or de B).Las or rhe (omr&], A
OUORLJM d sy ,einB or he sroL$ode6 shall
.oBisr o. , hajmii ofl
slbsdib€d €lital stoci{ ofrhe compey represnted in peBon o bi pmxn
ed a mioriry of s.h qmM shal deide
qesd;0 dd h;y @;
befor Lhe a.eti!a. *v. ed erce4 in fio* k!€rat 6al6 ir qtti.b ite tas
ofth. Phililpires rcquiF the atrinariv. vor€s ofa gMtd p1lpottion.
lhe
e,
upo! all qEsli@s at ail Derinss oI the stctnotd.s shal bc by
sh@ of stook. OD. lhrE ir oBe vo&. Tn stocklold6 m! vore at il
b*onss 0E D66ft of shms r.eiskr€d b rheir Bpelii\e nmes .rdr6 in
r(uo. orby pm\y dul, EpEqcd b Lfie CorpoEk SaErlry tor iBpecrio0
V.oling
Saudty
O*!.hlip
of
C.rt
As ofsefle&bq 30,2014
5% of coDp&y,s oomon
itr
Rmd rld
Eenclicitt
0r,6
37-
Borc
ttrn
s9l"
Ut @mpanj knos m benen.iat oEp,! ounrna ftoE
rhh
$@s qcept rne rollo!,ns.
No.
PCD
or
Il@r
olshes
I
p(enraEe
relariorohip
wi$ iRq,..
2,874,019,t05 | 60.29%
71,8139601
City
918J12.000 l8r0rr4
]
I,
\2n
Eoldings,
City
136,850,000 12.809';
17\.268.90ti I
$n/^
City
I
o$q S€cEres &
'Gold.n
*.
p**." .l
Hotdings. hc. Tne disposiriM o, tir shse t vesred
lpon
Nlr Xtu.ih Le, paid.nr of $Eico@p&). lhe hords
or sle3.
.t
Esslqed @dd rh. nue of cotdtu
oso secui
ries
& H;Uiner.
r."
*
,r,j,
"r,J,il.
'PCDNomDe Corp@rotr {pCD\rC) is o vho }-oqed sdbsdiar} or
he phrtipDioe
6rar Lkposir.ry rm. rpcDr. r.be benefcul oq6 oi such sh4, ;e,""*a
@e of PcD\c c pcDt panjLjpdls s,io bord r.6h@ in rfi"r, tir,ar* ,i,a'1i..
d 6err[e s. Tlm m no rcD pBjliciph wbo holds moE the 5oi
""-#i]-r
o moE
d.d
Golde! Tows Seuiri* & Hotdines tff ed M,. F6!u
S.l{.
1'-
volilgTru &d Ctegs i!
Conrot
de no ldinB hats hvolrine ihe compey! shm, nor h6 rheE
, rheF
oeen m\
.heBe
D ihe ontol ol L[e CoTpM) in rh..ar nve (5r ye6.
Scqrity Osr€Bhip of Matr.g.rert
Tbe tollowjre
ot the
oib6
rrbk sho% fie sh-s b4eficial) oM.d
coEpey a ofSepEhber 10, ?01a.
by rhe
diBr6 ed *ecurive
Nme or neoa,tsaifiiii
IerBu S,
Ie PBid*t
&
136,850,000 b
n1,26A,900 t
Chaim of rle
r,000,000
b
0.02
100:000 b
000
Boaid
5,000
100,000 b
E!g@
Jay
Ltue/DiBbr/lidepmddl
t0,000 r
1,000,000
r
10,000 r
IOTA!
2,80Yr
817,726,000
b
lnvolvdeii ol th. CoDp,ly or tu DirEtoF
r'reeedircs
rnd
o6en i! c€n!i'
Lcg'l
rcEhes. fu DiEcr6 iB pE*n. Boad of Dir<roE
and r
]l:^.y]r":Tl1
Erece!. umqs haw mr id'om.d rhe omrtuy or den
mv",,*-,
;
_;
t.i;
prc@dihgs tor $e.r'!r 6w
,em. ed up ro Lr; ;re$ dale be i. ia,ot,he Lh.;,;i;;
dd/c rhe, prcpenr4 beroF 6r @M or tau or @usreD. u"ay .
,ia _i ,r,"
@rEy. I ilNse. dc said pmoE ha\. nor oeen @,icred b)
"i
rr;
:uag,,-i.iii
ontu puisbabl. b) Lhe tawsof$c Republic ot F phitippnes
d
.outy
IteD
5.
DiHtoB .!d Ereurive
'Irre &llowing
e
Iss; of mv
dh-
06rB
$e inc@bed dirdroB ad exeudre
t3
Lhe
ofii6
of rhe
Compey;
r@ Lnama4 rEsidenr ed
61
36
3l
54
DircdornEd@ende
DiEtd
oirccoranacpenaoi
oGii6i
R.clrarroi code rsRc) sec. 18 &d Rure 18 r. Lhe company i3
I'Tli1l':::T@!1
Equ.o lo h!* d te4i No,2, indepodal dU46. The Comp_r! id+;*i
(ll€ods m W. Jerrysl
C. MshBe,re and
VJ
Eugene Jay
Leug.
h litr-q$ tb_e gui&tiFs sf, b) ilr NominanoB Co@iG ad alproved by ihe aMd
d uMrou. lr'e Noniurim Comin e Feivs Lhe n@s oi;;m,q i"a *-.
th@ bMd on lh. potici* and pafueres ror ccFtug romr6
diElotshrp The Noninario* crm'flee d.EnDn.d rh,r fie;sd;;;; to, indoodd
;;#;ffi::
and nom of-fie disquat,f(aLioN rorer(Lioo 6s djqo-.
Ihe Nonrtu,io;
:giljld*
lollunee
s cMpoed of rh. touowrng.
eltu to trmndetud
ruceneral r.ras sd vr. rensr
Ih:Ioreotuon
L. Megtu0& E indclendar dirbB'e{tarMr
A[ oflhe c@!t diEdo6 @
nomir@s for
E.eletie
ha d4rined ro shd ,or krretuoo shmb6 or
Io-u::l:h:
De egl! ot*:rethed
Dhcto_R of^!9russ
lhe Compu). Tire petw
rminard
JeDsJa
M&ga@g ed l,li. rlpme h) Lrug s indeoendenr di?ctos
"to wa MrNar
fssr S Lso.
r oey e noi EDred w,th sch othn in &, tutuer.
dieror.s &d ex(dive ofnq. bBnss exp*ince
l-Tjll:!T!.]:f".
"yTd
ror be rd nve yds tud
othn d@clorhip hod in oths rporting comp;s
e
pNvi.Ld 6 foUos
JAMES SITtr
- GemEl Megd - riK O.6rat lropftty VentoEs. Inc.
- GeneBl Meagd-Be1er Lint Enr ComDlio.
- Otueml Mesq-Tar Phil. cen. Mdse.'
-
Ca.El M&ags-SEorghotd CBroms
Brckdse/Reynolds lEurmc Asmcy,
For te lee five ye8.
tn(.
FERGUS S- T,AO
-34
Bc@B ExFrime - H.
is
salte
lvhite ptsia Otreo0 ( rry He anoded dr D. La
vesiD od Sr Benilde Co[eee ed gEdu,rd wiLha
tuh
U
dcge in BSBA
w.
_
Cmpur*
Applica,rion. He is a son ot L[e lale
ArdEs I m. Sr- rle Corp@dotr,s
tomr pred€nr dd Chi.f
tButiE 06@. Pr*ody
Mr lsguS. Le nrhe Mmsing
ofadm.dl CorErh*DeIFL tnc. wiLh office address d a
B v.Did. l Condomin h. l20 AmoddoS,.. tecbpr \ .+e.
Dieb
aNDRIS LAO! JR,
-DiEctor
-68
-Ce-ml Mmser o( Admiml 1 6dinE Gom l98l uD lo fts.nr
dd lodd DiEb, of co l.len tos6 secDres & iokl;ss, rft.
He G tlE eJdest soo ol Mr. andEs
Iff s'
OsCAf, MEJIA
-33
- Jdu.ry ?, 2013 lo psent
- Tftder Col$Mcial C,oup for th€ psn five {5J
GERAnDO
UX!!rA,
yes
JR.
-37
-
huty
7, 2013 10
pBe
BBinessExp.n€ace - PBdtly He t C@}lner of c_U.t.F. Thdi,g VirclEs
So[nioE, CoD. Iion July 201 ] to psen! Ma:uging Direrd of
Toii.tU* Only floh May 2010 pEsn! Se.ior Sal6 Excculive
olAudi Cotte Sydney Roebery (Audi Autiatia R€bit
Op@tiotu Pry. Lld.) Eom Febtury 2OO9 , May 2010, c6eFl
S.Ls Meagd of Barlowdld Volklwgo Fiv. Dock froD
F.btu r, 2008 - Auglsr 15, 2008, Astutdl SalB lrtanagd of
Beloworld Volks,lgo Five D@t Aoh M,icn 2OO7 _ F.bMly
2008, S.Ls Ex6'rive of Couins go a Rockrtate Ed Julv 2004
- MmD 2007. Execurive Asistm hon tos Apotin{ioL;ada
HoE ofRepr*miatiE ofthe philippines ftom S€flembd tOO3July 2004 od !.gislative Starfof6cer ofHor Tessie AquinoOrclaSmteof the ?hiiippinesfor Odob.r2O0G.Se abs
2003
EIISA SEIII KOA
-14
PEfr ysgaCein kxtil.bErness She ijcucnfl' th. a$r
IiME Mu,gdof Fonue Id teCo SheislhedaushqofMr.
Jd6 Shih, ChliIfu of tlE Bosrd oflsttud tDfomerion &
-
EUGENE JAY
LIUNC
-12
- one (r) yea
IIe aEoded @llege in rhe Ulive6iry otthe phi[ppin$ md
Cmdured with a degre of Dentisrl in 2005 HehE ben
p@licins dentisry for the l.!r five (5) y.ds.
-
JERRYSAI- C, MANGAOANG
-IndeFldor Diredo!
-He
is a
Midnc Ehgineer with A@d l*hrcataDurude.
\,rdwning. reinL onenkd mpabk ot prcdu,nE F{hs. mvo
tbiliq in luF sion&d pub.'c sps]rins. CMive, rem{nmred
sfeo {oEc'ou. &al)dc.l ad orguized .dividuat *ho adopB a
nodEted &d goacriye al!rc&h b aI en&evore, solvins
prcU@ @n@dyel, ed idediryins aeDrcDnar @d votiahl.
soluri@s in a nidre oFfrlioD ilcluding rhe sociat chalae.s thar
gcs q$ il Comput€r lrteEk ed b6 stlills o seoasDnr
iDfotutioD ! "E@ Hs a @Er de$ee i M,;eEl i\Dtmuon
Gonashool r Lwpe
Detn The Nerherleds, d eorher
m6leal d€8e in P$lic'lTC.
Administi.tion nlb CCT, Tusuesdo
City ed a gEdute of B&helor of!:ws ed li1t6 1999 to 2003
n h C.gays Sl!r. Ulive6iry, Twueede C y, Carayd rte is
c@lly the OICODd Pil OD€otioE ed Concwndv u
T.fuor Me"se of PEEm Conelidared Colpodo;cord
OpmtioNirGMu. P@cal.fohOctob.r I 20tu t rh.
!eet. Tcchrjcal A$ixtaltto tlE P6idcrrofM ia CtristnE
Cneuical Indutri6 Uiea Cit, Irom I Selrdber 2Ol2 10 30
Sclldbd 2013, G@@l Maasq (tn cha4! of exltodtion at
SBigm delNode)
ofBu
ok
Milqals Rem@s Corp. nom r
to No@he.201a M.cger-Mitrirg Tmn6rr of
Buldol MiEnls R.eoa* Corp. Ircs 1 Nov@E r m10 to 1
Iduary 2012, C6{ltanr/M,mser-l,nd Aquiritid o, r<?
MiEElsCoryoralimr@J uary 2009 to 1 Noreobd zno,
Asi6l,nr Io ft€ ?r6i.tent ol Platinm Greup a,ler.h
Corp@dd(lcMq 6on 26 Sepienl[Et 2M td31l to4201t9,
Cffial M.Egd or PGMC DiMpique Njckel Mi@s lom %
Jen.r,
Ieblury
201ts to
5
Seltemh€r 200& Coroulianr b Ae PBidot
Ntlel Mi@s lrm 15 septenb.r 20@ ro 25
of PGMC Dnupique
tebruary2@,Regi@rrDi€roro(DENR-Mncs
Cfr*ilI@ Bl@t Tugegd..
il
City, Ggayan notn 2002 to 14
S€pt6b.r 2m'l, Mining Ensi@er U, IIt Moo (Div!'ror Cnie0
PENRO dl DENR/MiG ard C,e@irc BuEa! Iom 19a9 b
2006, Quary lngnEr/&dry Residdt M.eg@f &rGs Bunay
Gold MnE hc GoMga Li@ r,hil coMga, Cagay& non
19861S/, ON THX]OB TRAIMNC /SI'MMIR PI,ANI
PRACIICE Philex Mining Co{D.atim Padcal, Tnb& B€ngud
CAIN$tsN
SUN
Pmtly
hvolverl in tlE wholsle tsade ol dry emds
paltnllr1ly clothing naier'u& for *E p6t fiv€
Tlp €@tjv€
olIrffi
ol EE C.A.6tion
Vice
At9. GPsorio
MB,
QuidiM
Y.
NNe Il
y@.
iE llE fouomg:
ehaim,+ Peridmt dd CEO
&sr Coryorah SecEhry, Cmplnm. oIf.G
deh Cruz
diktor &tp has Eigleil or dRlired to 3t nd 60r @lertiotr sire
mucl mtirs teeu* ol a diligtseM' wirh the Conpdv.
Tn E
i6
no
Nomimlim
oI
Ind€mdsnt
Didb
rhe
16r
CliLda fd Lldep€ndai
B,;",T:*
I
2
,*
DiEtc
disrins nn€s, rhe fo owios
Not a direcror or
066
e
rhe
cd€'ia for lnd.p.ndol
o! subsraflial stocklotder of th. colpoation or ns related
or dy of its subnddal shelbldds (olna thm 6
irdepende
diEdor ofay ofthe forcsoins);
.dpdis
a
dy diEdoi, oficer or substarial sh@holder ofrhe corpomiion,
15 Elaled conptui.s o! dy of iis subslotial lhehold6. For rlis
Iuilcq daniw includ€d spous., Fdenr, cbild, bblhe!, sisid, ed th€ spouse of
smn chjld, botb* or sistqi
Not a relaiile of
&y of
3.
Nol &rirg a a @mince or sllsal4tire of a subsr&arial shareblde! of lhe
corloBrio4 ey of its Elaled ohpei* or ey of ils subsEnriat shseholde.s:
b6
Nol
emlloyed i! tuy qeutiv€ o3p&iry b, rhar public @mptuy, ey of ils
Bla,&d ampaies or uy ofils sukl,rtial shenoHEs wirhin dE la( nve (5)
5
!ce.! s profdsioEl advis by lhaL public @hpsrr. my of ,r!,eraEd
@mp&jes or {y oi its subsffual shareholdeu wrrhin lhe ls file 15' ,em.
Noi
enhd FEondly or (@ugh his
fim;
m$ged ed does nol engage ir ey railelion witn1ie corportuion, or Bilh
of irs rclai€d .onpdi6 d vith ay ol iis slb$.Jnist shaholdm, whcther
by ni@lf or wiih olhd p.ao6 or throue! fim of which h. is a p€r6e! or a
cmpey ol u,bich he is r dir&r o! subsretisl sbdenholde, odq rbe
lras&iiom whicn m co ucted a1 Ms Imsrh md are il]]mieriat or
6. Nol
e,
M6. QuirciM M. del. Crua 59 ye6 old, Chief Acc@taat e th. sisifiml
trploy4 of &. Corpodiod. She leld EioB jobs in lhe compey such 6 8E@l
clak, souiing cldk b@kteepa, elc sd was dentually @pointed s lhe chief
.@ulant in Juc 1988. Sh€ hE been virh the compey si&e Jd!a, 1979.
lvt. ArdG T. L&. Jr.. M,. Fergb S. Lm m Ue so6 ol Mr. AldEs !ro, Sr. ttre fomer
ofthe coepoy drd trL. Elie Shi! is a dausbr€r oll,,t. Jmes Shih. Aside Iim
Peide
dDnr lhee ae no othd tuenrb6 wi$
C.rlria R.llrio!.hip ud Roiat
The comptu, is
d
fmil,
reladonship
uoIg
ihe rcmining
nmb6
Trus.ctiob3
le6ing oln aiour 5? sq.m. ofiE min olEE to Colden Towr Securiti.s
a mortbty l6e of Php20,000.00 to augEem $me of its @@tlng
ed Holdjlgs, Inc. for
fti6 eomt is bsed on the lat6i harkel prie ,mished by tne
adninistalion building of Vmid! I CoidoDinib at a pne ofPlso pcr sq.m. which
h6 trol ch{E€d for |Ie pasl d@ y6. Goldetr Tows Serili6 & Holdings, lnc, is
mMg€d by a Mr. (em.rn S. ts the tmthd ofM!. Fergus Lm tn€ Pr.sidmt snd CEO
ovdlead.
ofhland Infonation ed Tehrolosy, lnc.
ow
fte ondoniniu
unil that dE @Dpey
in Vmida I Cmdominjim h6 b ea oI
25? sq. oel€rs les the 57sq,m, leasd ro Golden Towr or 200 sq.n.wnich is ooE the
dough fd aI the nafi'of the @n ay. Ir hd suf6.i€.t offce space dal cm be l@s.d
y s&rinciry th€ compmy's need lor a conlonable
to orher larti6 witLoul
Yolking s?q€ for ils om pe6omel.
o
nesa
The
n.
conpoy is al$ depodins
l cash requimenl
on lhe
c6h adwoes given oul by l,lr. lqgus
S. Lao
for
arl^CiLion
Lors freE r Stocklolder Dd Offc.r: The CoQontion obtained c6h adv !6 liom
lr',r. Aldes Lao, Si., ilc fm6 Pesidal ed Chief Opedring Omcer of rhe Corrodrion
doEring to P I 12,461,13?,81 ed r&. F.rgu Lao for a toill amounl of P 2,667,,140.73
ad aom Mr- Kme& s. l& mouting 10 P 336,169.1i. The ourslllding baltuce ol
th* loN eout to Pl i 5j64,747.69 a of July 3l, 2013-
It E 6. ComDerstiotr olDndtoE dd Ereuiiv. Offi@r
Excepl for the Corporate S@lary, no olhs offic* of ine coDo6rion is Eceiving dy
Egule Eonthiy otupeBtion or bonues whethq in cah or in kind excelt drose el*ted
diEolob *bo &e siv€n a FI dim ofPH!500,00
in dery stocknouefs needtrE.
Ther€ is als no otbd atugddt d aeards ey conp€tuation p€ckage thsr will g.me
lo th. benctti of dy d4utive ofrcr or direclor for my se ie that they have rcndeEd
or wlll Fnds during tne b$ two ompleted fiscal yem or in th€ muil8 ym.
eh
The foU@ing is a sMnary ol the ageEgde conleaation paid o! @rued duins lhe
ye6, i.e, 2012 ed 2013, *ell 6 comp*tioo to paid in the
last
@)
eFuirs liscd
2014 to the Compey's Corporale Ser€lary.
te
nsl
y*
6
t
2013
120,000
t20,000
1013-2014
Th* e m
.xistitrg aployFem
@roren$rion to be
,,rnsenot ftr
240,000
mmcts with execuri!. offic*. Th@ is m
l@ird
i.om lhe cdpoBtiotr iF th. dsr of a
Esienllioi, raimot or r@iEtion of ey *.cuiive ofr6t mpror;qi or cr@se of
€ntrol of rhe @rponriob.
ftft e
It€E
7.
Do oursbndins
wsrs
or stock oprioG hetd by
sy
of $e corroDrion\
Ird.D6dert Public Aeout{nt
Th. &@uting 6m of Kr Siy & Asi@res. Cdifed pubtic A(omrdE, a SE(
Mredired .udirirg flm (SEC rccEdit tio no_ 02Ol-I) m the corp@rion,s
Ird.Fndcnr Public r'sou.llnr sire 20t I up ro d e pFenr. The) E?hed Diu Vuat o
Dalupd ud Coopey *bo have b@ h; CoD;E1on s E\Lmat A@ba tor $e
pEvioN y.N. Tlis is in conplimce wirh sEc Rul€ 68. pegdph 3(6xiv).
!,i"
9,rs" i,
comisioL
auditoB
m
Eponed !rcmptly
io ihe
se iii6 ad
Exch4ge
R€pre*ntativ6 of KL Siy & Alsia16 Cerrified Pubtic A@ouiaffs re .x!@ted io be
dE Aslal Srooknoldn's M@ring !o mwu ro all alprcpna|€ q@srions $ai
will b€ at d ed wil be girmth. opFrtmiiy to mat slaGne ifthe, desie to do s.
preht d
is no diragr.!@Et @ceins sy &@utirg Fincipl6, pE ri@ or 6@cid
disclosws beiser thm ed th€ corpomrior
Thw
(I
e
giy & As$ciates
again ecomdrded ro b. the Coporalion\ exLoal audnos
fu the y€& 2014 to 2015,
The
CorpoBtiolt Audil Comifl@
rb.
Co.pondoE is ir
is
cllMity
corplan o wftn
SRC
coDlosed of lhe folowinel
RutB
.
R.gulctiols,
CEANGES AND DISAGREEMONTS WTTH ACCOUNTANT ON ACCOT'NTING
AND qNANCTAL DTSCLOSURE.
TItr
ae no diBgffi€Dts wi r lle Regisrefs LxhBt AJdibu
4@uting ptuciple, peties
or
frMcial drsclosues
a
The Co'?omrion had @Ddied wirh SEC Mtuo@dM Cncd& No. 8
mceing tlE rctdion of exremal audilo$ erery nve (5) yem.
IteD
Esdds &y
si€s
of 2003
CoDpdrri@ Ptr@, W.thnr!, Oprion.r l$uo& or Modinqtio! of
8.
T!@ @ m onGi.rdins sbck
@mpe.stioo Did
d iss@ce
&(on wil be lalea wiih Esl€cl
nodifiqiion of wuiries
@dons. No
or
I). OIIIER
Il.n It
Acdor
w
n RqlEct to
ro
dy
MAMER
R.polt
'n€ Co'loration wiU sek lhc Epbval oflhe nookholdeB offie ninni.s otth€ pGlious
stooknokbB' heting laet lebtuary 3, 2014 wherein tnc folloving wd iaken
d 0 ) CaI
ro orda.{2) PDof orNorice (i) certificarion of quo@ by r\e corpodte se;;i (4)
tsr laboE) r. 2ol; (sj
lDemvaljf lle MinuEs of ue sLocr.hotds MRins herd
Repon of lhe PEsidml (o) Appmral of lne Ocro6 jt,20ll aLdic! Iinecial
Stal@drs O)
E
ri6
It a
No.e
(10)
16.
rbtion
or DiEcroB (8)
Adjotumor
Aiddrots
of
Alpointndt or Exlml Audilc (9) Otha
Chrt€r BI-L.B & Orh€r DmunelB
lia
ttrart.6
q*q' d. * (e) tE&s E &he 0E EBr @b.' o, voE wiu
it-:q
te.ktrl 6, {tlE Bord .d Dt&t6.. Coodxlr. Vo.t g win appt.
19.
Vodrt
ror.{ dasnerb n r.16up,tridtybE of rh.6t lddnlgopnrllroctpffir
tu nE&'g rlEr . q{ofu qiltdEl6. 3ufti6ir
votnu .h.[ he-.ldE.,D, rlr ,!id{ o{ tEd! ..d nE rcr. 60r d agrnd {E n r
ruhitted rh.I D. rrl&d bv rh. CorpolE S..ridy h @ o{ 6n, divi;io. of tll. h.r,
.nd !.r@6rbd .r
lrorFnr.d
h.Eia .E
an.
tuiostrg:
L Cffid Nahrc and So!. ofBusiBs;
2. Mmagm..it Dissio, dd Aralyst
3. Qurr.rly
4.
5.
Aldibed
Qat
Mar*iI
pri6
of
li@cial Co
of Seuiti.s &om 20r
li@cial Staldal' 6r lEiod did.d
ition
ed R*tis of
2014
Ociob€r 31, 20t3
3 ro
ly Repon foi th. p.riod Juty 31,2014
PLf,ASE SEE SEPAXATE PROiY FOf,M
UDo! rnc Eirto rqod of. mdnoE.i ln. Co.n !r rndern*6t toEtut tn
nid .to.llloldd . opy of rn @Dp.ryt utrut npod @ SEC poE t?-A ns or
cl.r8c Srct qrina Eq{d t[dl h. ditei.d to .r. Corporr. SaFa.ry, SuiG +B
Vdidr I Co.do.itriEe 120 AroMlo S!, L.sr.pi vithga M.t6d Ciry:
Aie a |!4@bl.
Equry md ro rh€ b6! of nv torel€dg. aad b€ti.t I ceft& l[, te
inlomaloo s.r lodn i! ds Fpon i! he ompleE ed .{md. I1ft ts sisned ; lhe Ciry
TORMATION& TECHNOLOGY, INC.
PROXY FONM
Icb 1E!s!ti@!&!
This
!rcxy is beins $ticiled in behalf of th. Borrd of Diuto$ of lst.nd
i@ &,Tcchoolo$. hc,Jor rcring r rie atrd Sbcurotde^. veerinS !o b;
hlrd on Lldembr l? l0 4 ar 2 00 p.m. ar rhe 6ino TspMotde Mmits, 85tr
V
X,iaw St., Malat , Mdila.
Irfotu
I,WL. lhe udeisned Mckhotod o. Ge ( orporanon. do hseby appo:nr. nahe
dd6E!ture:
Tn. P@id.rt or rbe Corpomrior or
So.rd of
With
Dtr.ton,
otr
h trt ,henc.,
Deceober 12, 2014 Annuat Me.rirg
iielt ofsubstihnion &d @o€lid!
to
rhe ChrirbrB of tne
oistocklotd.h.
Eprelm! tud vot ,ll sbd$ fgislered in my
lEfued oMed by ne m(Vor suh sh@s d r m auhorized $ Epresd;d vote io mi
caracity a admilisftror, ador o- dnomer-in{dcr ar aU mRi,as o, Ur shmho,de^
of IrLAlvD I FORMA rtON & TECHNOLOG!, I\C. a tuIy ro aI inrenB ed
purposes a Inye might o could do if piestui
It{2 h
ecliotr
.. B, al6xi.s !is^,o sig.,tue on th€ sp&e Eovided belo*. the undercigned
tuckloldd heEby dirE rne st p-oxy rJ lore on $e aseM .rms qr tonh N,;6
he ihe 1s erpE$ly indicared by m king rhe sme qrLt r -X'. t&ijng snirh. t,_/h
sh-sll €x@i* n di@ior in actins rhtr@n. r rh; u.dmis.d
tu.ktoldtr fiib m lndksr€ hir/h.rroteoD rh. ireDs spec ied bctox, ttissb ;n.
lo rulhorbcd hi!/tr. prory io *.rci* tuJt di!cr..io! to .cl d I uodenrrd th.r
bir/Lcr prety sL.[ vore h .ctudrtr@ with rto rcconnerdrrio! of Mtu.gtb.trt
_
M.ug.Emt reohm.ld. r 6FOR aIL' rote tor .[;ropos.t!,
said.
y:Iy
Pl6e be ad\ised 6d pro es e val'dakd by de Corpode seleury bNed on
rh. Eo-ds submjrkd by be ComDe)'s slock 6d tfufer asen! AB Sbc[ , @fe6
It
B 3. Rcvoc.bUlt'v ol Pmw
This pDxy revokes all rrcns which ywe may have peviousl, ex€curd in taror
of a p6on or !n&n! oih6 the lhe penoi/s l]med above. Tt{S
ILBE
EFFECIIyE FOR FIIE (5) YE"AP"S iom rhe da1e oI ex*unon
ml
slhd.zm b) s. tlNuSn mlice in kiuns. or qupeBded bysubseqmr poxy. deiiveEn
ro the Seelary at
rn@ 0) dr$ betore .ry scb€dut.d D.erirg &d shall lot
alply in instances wh€re I pesonally afi€nd the meing.
pioxy $
hmr
la*
rbu 4.&Es!-!44is!]Elc&igd!E
(a) Solicitation not $bj4t ro p.68npi
8
of SRC R!1. 20
Tt€ solicitalion G b€irg Eade by &. Co6p6!y n6tly thmud @il. No diBtor
ha inao@ed Oe Co@ey i! sitirg of @y inte i@ ro orp@ !!y adim irtd(l.d to
be t I@ by il. TIE elicitEtjor will be Dad. by th. w of mait dd FMal wi@
(st@ !!pli@bk) tne .Gt of f,iich is bmc !y &o Conpey. Mr !ers6 S. le,
Pr$ideil,.d Mi QuitrciM d.la C@ dploye ofrne Conpoy wilt sli.i! poxis i.
p.!m ed by r.leDhme. Ib6 st of soliciration, qlicn js arDroxibsr.ty pt00.00o.oo
@@ d les sill b. bo@ by th€ Conpmy.
Ilem a.
Irr.Bi
.t PSMA ir Mrft.F ti b. Act d Umn
(a) Solioit iiotr not subje.t to pdagtuph
8
ol
SRC Rute 20
E&h perm wb. t6 b@ a dn€dtr q q@utire of66 of thc EsistE ti ,! ey
tihe sin@ th. begimins of the last f$al ,@, tun ro@i@ for i[e decro. s , diEror
o, 6e Cdp@ioD. dd *[ 6si e of y olt. tN8oilg,elfu h,s tro strbe.rfial
ii@r6l dir*r or irdE r by strity holdings @ ofiNie, D tu, trieher ro be.crcd
upon otld tha elFti@ io o6ce. 'Ibo mnin€6 My, howoq, oM shes iI ile
CepoEriq but th€y win d be @iving ey *ra o sp.ciat baefr by ro'o of the
mn6 ro t er.d up6 orE ttd wh.t @y be she.i on a prc rala bNis by all the
FoR
ACTION
Ar,t
I
th.
eEviou Slocknoldes. M€etirs
2. AppreEl of tlE Minur4 of
19
$rHHorD lExcEPfroN
&!q bst lebury 24, 2014
aruoval orte oaobqilJoll
Audiled FiMcial SrarEbdts
4. ADDoinr66r ofKL Siv &
3.
5.
A@ufu.,ll! a Erlqrd AudiroB
C@sid@tid of suoh o&d
bqircs a tuy Doslv @b;
Norirc
lor
Ild.r.trd.trt Dire.,roB
IN vlTNEss wHERloF, I navc
2014.
of
(Printed
!rc
NOIE: This
hcfulo er
mv
t,Id ,i
ofsiocklolda)
lMy lom
vmida I CotrdohidE.
shoutd b€ dctivftn to Ihe ofrce oftle Corpoio.ion al 48
t2O Am@lo SL. tf,gsp: vi[ase, MaIa C,ry, c/o rlp
TIIIS PROXY
TS
BEINC SOLICITEIT
TN
BEIIALF OT MANAGEMENT
ANNUAL REIORT TO SECURITY EOLDERS
I:ltud lnfomlotr & T(molo$. Inc. rlr r -CorpoEnon-r is @vins foruard in iB ptr
rc mgage in Lte buiress oI minilg Tlm @ devetopF4rs rn he ctftnr ull\ Gdm
lhe orpoEtion s paid.or dd a prosDedve oining mmptu) Tteduediligerepo.e,s
is on-coils ed is *Fct.d io concrude wirhiD rhe next two ho ns. ilrho;sh tlE
Corpontion h6 ye
rooeGe ns auoori4d llprel tuck froh p5O &rilion ;ptOO
'o
Milto .i @Epliuce wilh Dep€mo o. Lnr iromsl ed NaiuEl Reio@s TDENRI
Mooyrdm Oder No 20134t. th. sde hs krpo@ty put otr hold mrit th;
finalizton ol LIE above-mstioaen ibvAffir pld. To c,rry ifis cur. the .ompdy
phG to ecuE approhl tor rhe conve&on o, advdcs hm Mr. FruF Lao inro equiry
and oblai! additional 6\ .nfiEion lo Jund he prcjm. ti: * be ialen Lp dr nt h;
tuud m*ting of UE srocknodeu on t2 Oeemba 2ola ed s,il be o;*nre; hr
appDval Lll6. Itis will Esuh i, a Do$ri\c equil) rn rh. booa otte CorpoErioF.
Isl&d Infodltio! & Tecbnology, Inc. h6 m conpetitor considding rnar n is srill i. lhe
lbes of puming ns sto& ,ighs ofdi,g that wil be liilized i; its Conbin€r ysd
tuin.s dd orhs buliness plA sub s l[e open.ns ol i6 mininp s s oe Dovnce
olleh.lr
Comledrion is niriEiad by exrdding ro clienrs prohlr &d efficifir
The
CorposEon betipes
lhis is rhe uin ley b wimi.E lhe cliar\ parmuSe d b
sic6.
[d
mruru4@mpetl'on,
Th€ Regist:et
Ih.
Rcgisudt
@mp@y
lhe
hs
ed
R.gisb&t
$!ply .on1rd sirh ey suppliei,
htr a snioeinih uil which is b€irg Elred oul b a brck@ge
1ne
h
Do
in@m. deived &oD lhis rclta] h€tps sustair lhe ca$
its .!,ny
opdrios.
'lte R€giltErl h6 rc tr@lion with ey relaied pfiy of the
depeadmt ulon thd o my bEiBs ltd5.clion,
fte
Rcgisudr
The
R.gislrlrt do6 not hav. p.odiog
Eqliement;f
corpo.adon nor it is
hs m *istitrg applicario! for lal€nt, rdd.@ts, coprrigfts, ti@s,
fi"&hi*s, omssioro o rcyalty a8r@6r'
n@d for
ey govmenr
apprcvat in its presal
Thdc
is no
.ffect d psbable govmme rcgularions
'nc Regi$rer h4 .ol inplde.t
ln the
d
ey
develops@i
peent lire ofbusin $ of$e Rcgisteq it
on the
bui.es of$. Regisr"dr.
&liviq
fore*
otu
iD
dE
no nsk in
lsl
thr
c
(t)
fist
tn. .xt6sion of
ujl
The CorloBtion
a 257 sque mel€N condominim
lodt€d ai rne vemida I
Condominiu[ 120 Amelo S1.,lEg.ri village, Mahti City Bn@ it h holding ns
min offie md a subdivisio! lol wj$ e ea of Tvo HmdEd Forry €aO sqle metr
I@ted al rh€ Muicilality of Anripolo, Provi.e o, Rial, Philippi.es. All these
prcp{ti6
in eood condition ad no.e ofthem ii eiiher mongEgerl or en.umb€red.
e
The
Regis!61 dcs nor
Iw
dy
prcperty or equipBent
lte EgisEet nbd a 6e
of qulilied lhief .eai6t Ma. RtuoD.Ssl@, the fome
exsulive sftkry of Mr. AndEs L&. S!., the foftr Pr€sidmt ed CEO of $e
Corlontion, M6. Saiae tu a{.y with a c6h @lledion of fiee HDdrd ThoMd
(Pbp300,000.00) P6os in Nolnh* 2003. Tne qimiml cae (no. 0+1687) w liled by
the Cor!@tion in 2004, It is being tied by Ju{i8e Oq B, Pim.ntel of the Nadonal
Carird Resiotr, Mstali City- Tle CorroEtion dcs nol fms ey re@vdy of the
mney tat€n by MB. Sd@ b*ue her localio! codd @r b. €stablished util no,.
FINANCUL TNFORMATION
M.n.g.o.Et's Di!@!io! ud Ar!ty!i. (MD & A)
l'rr. FetgN
S-
cNenilg
his
le,
or Plto or Op.r.tiotr
ore of rh. nojor shareholdes of lhe Conpey, is conLnplaiing on
admes into .quity to n€et the capilalization equftm@ts of DENR
MeomdM Order No. 2013{l a the Coryontion is moving loieard in hs plM b
*g!ge in the buiness of hinitre. Talb will a panicllar mining @npmy hnve
!rcgBs.! ald is aMiiing @opletion of lhe dE diligence prcBs. Shornd lhi3
th*
$.
investu€tr1 platr be sucossin.
wiU b€ movetrnrs in the shrcholdings of
$ocknoE€E which My atrect ure onrrel of rhe Corpor.tion. This also will rcsult in a
posirive equity itr the booh oflhe CorpoElior
& Dis6sid of lhe Compmy's Finmcial Condnion, ChdCes in
C@ditioD
ed
Resuh of
OFBtiom.
Fimcial
Fq jkal N@s .aded Octob.t 3l,
2At
j
Total seB turaed ty pTo.toB in 2ot
r.r ror lne
Tb. irpu
houts
31,2013 ed 2012, EsDectivet!,
y*
and 2al2
B
I maii,,
b
athbutabrc to inc@c,r .npu
pr12.5?4 tud pso,686
6 oto.loLn
To6l.[sb.lirRs iDo6ed by p t.0,9.qt] in 20tr maioriry otLlllh
cme Fom
rhe sddtonal,adv&es from omm modiie
l! p qo9:5ot The Nrlbding
i 14,859,424
i.
advses fror o6cds
2013 md
ed slocl(]lo.@ts mo@red
p I 13,828,821 in 2012 in tEive
ofinrcr6s
, i
I1E c@eul ilcM.d ope4itrg ircmato$, b.foE jnreEs ud ures
tuoqhrgloP(958.el6lrn.20rrand P2.o8o.l2t in20t2 \er."".me(t"*;i.;
the.ytu eded Otubq 1l.2oll &d 20t2 mo@@d @ p (9ol.7t6r eo D
r.t)u.lot. ire.El ucome ,n 20t2 rasutred tun lne disonrir@e otthe to%
DreBl acdued on ldvtuces hom lhe lak M-. Adres rao Sr @hrir8 r;
of Ocbbs lt.2OIl sld 20t2. lhe Cmpanli defcil Mounrs !o
lf?tg1!rl-sl^.l.ltgo,.r7o. Rspecrikr).'.n;s lsurred b mp{ar
Ar-
deficrmrcs o, Pi0l.t4?.l08
inteti
rn
20t.t
hd
p t02,t8 r.o8l i12Ol2
qukters endhs Jub 3 t, 2A 1 4 and 20 r r
TYl,
dy:isen.by a0.8rq 6 or llr dn,n qu@r tuded Jur, 3t, 20r!
!
oar y aEib@ble ro rhe adjMrDyappti.arim
or pepajd ,n@m
Rdr, and
oer book letue oI 6xed
dLe
the rcoeDi on ol
Fol t he
el:
t hnd
s€
in@d
b
a
s oI be dud oEfur ended Jut, 11,
lbe,trcRe i! ad\eq eom ofr(; and
slocllDldd. rlc outsr,ading bal,lce a of ad\diG 6om ofli.6 ond
sloclloldeE @ouEd ro p lt5.3t2.loo md L t2,856.4b< rn 2Ot4
tud 20,j,
Toul ii.bilitiB
2014. @ionty or chese
by p an:ea8
@e
Eom
BD4dvelv.
Nel loss for rbe irknm rhird
q@m 6ded
P 58r,769&d P 782,606. EDedi Etv.
ll.
Ju'y
lt.2Ot4 ed
/oll Momr.d
,o
As of lbe Lhird quEe6 aded Jdy
2Oi4 ud 2013. rhe Comp.ny.r dencn
oouls b P lt2.584.0t4 ed p .52.021,20?. r6p<irelr. The esutEd
ro
spitsl dencien.'e ot P 101.710.567 a or July it. ,Ol4 ed p tO,].tor.780 6 oI
Jul,ll.20ll.
b, L.s6 fiob
opemtioc
Fd lwl ,ees ended Octob.t 3l , 20 tJ and 2At 2
Th. Cor.{ey hc be! ontinuouly experidcirg nd lNes sinc. 2009 ro 2Ot3
depl for rhe y@ 2012 du€ to lact of piofirlble bnsi@s od occruat of ifter61
.xlaNe on the advdes non iie lait Mr. Ardr.s Lao S. tmgmot decided
ro dis@.tinue rlc @rual ofsaid inteBt sbning 20t2.
fte Cmpdy @ntiru*
In 2013, sigdi6cmt
to
rcdu
miai6M.
pdrain to ?SE lhdng
ns oper.dog €xF.mes !o the bd€sr
moul of olearing q!.nss
Eailtenace fes dd pofdsio,rl f@s. The Com!@y edployed onty o!;
F6o@el ,rd lonttuld nol to !rcvide uy fom of conp€Nrim to iis key
halagemmr sin
F
e 2008.
idefin hnd quok6 etuing July J I, 20 I I and 20 t t'
Con!&y ha bed conliruoEl, exp€dencing .4 loses du to laci of
bEir.ss. Tnc Conpey hs b€en ninimizing ir opaline exper&s i! tie pa$
,4 in the ateD,t to addBs the @niineu 1osFs. Signjfi@l amullt of
oFating *p6es !qr!i. to PSE fisri4 mint nmce fes &d srock rights
offaing fe6 thd tle Coopey laid to p.oes rhe proposed srock ngbr o6erine.
the
The
c,
Pssl
od finu€ IDecial condido dd Esulrs ofoperarioE. .
Fot the f6cdl te@s .,Ae.l Octob* 31, 20 I3 and 2012
Tb. C!E!a!y Clne6ted a net los rner td of?963,716 i! 20t3, attholsh |[.
CoEtpey gm€ntld . net ircme afta r.r of Pi,150,301 in 20 t2, tle huge los!
inctrEd in prior yem still caued capil.l deiciercid in fi$al yee €ndirg
To iDprcv€ th€ duhs of ns op€lati;ns ad nndcial @ndnion th€ C&op6!y is
sriU opiimisic in irs d@ed invesnnar in rh€ ioposd mini.s projd b tsa6eh
md in a @nt6in* yard depot buines.
Ite Conpey is still puNin8
!tuvi@ of Isabela
which
m
ils pl@ of rcviving its mi,ing opmri@s in rhe
discortinucd in l98l -
a
the iarqituthtdq@ters endiwJuly 3l,2014
2013
Due lo the utifrely dmise of dre Cohp&yt lrvious !r6ido! Mi Ardres
tao, Sr. on 30 Novenbe! 201 1, th. bNiro$ ples to compoeb fd the EpiLl
defi.idcy ofth€ Compmy w@ plr on hol.l6 his iucc6sr, Mr. FdgB S.
is shrdying dE orhd opioDs availalle :o the Contan, ro bring the slockhotdG'
equity Eom needjve to posilive. fte poseibility of getinS new iNrsi6 is being
Fot
ls,
IXe
Ce!€ry basd
l.
4.
its
!€rf@de
on the totlowing
c!6n Position R.rio
Debt to Told s€rs Ralio
X& D..lnlD.n6 Indn*oE
r.
16.
flt r:
e@c:
P415,317 / P4l 1,619 -100.8984
!.
C.tn P0naior Riio:
Pl4,0a9 / P411.619 1_422A%
3. Od.k o. A.id IdJ ndio
Pt7,562 / P411.6t9 =42666y.
4. D.bt
to A.r.t Rrdo:
Pll4J03,5ss
Ka
/ PI2991,320=879-8456%
P.rfolue lrdLitnn fnr z0l2
I
gcE4-8!Es,
?594,5a3 I P300,640 =197.7D4
2.
gs!&![b!&@
?41
i.
97 t 1 P100,640 =13966rA
Ori.L or A.id
fdr nxi.
P163,858 / P300,640 =54.5031%
1
&Dgls-!s4!Bd!!r
Pl r E,768.087 / p16J84.401 -715.1432yo
indi@tq!:
Xfl Pc.forp.le
1.
Indtcaton lor 2013
gcqLBltis:
P697.125 I P309.951 !225.1083
2. C$h
P
3,
P6iriotr Rrtio:
108,846 / P309,951 =15,1 1720l,
Ouick or Acid Tsr
i.rio
P230,132 / P309.951 =74.4414r/,
4. D.bt
to
A.*r Rrrio:
?l 19,808,000 / P16660,602 =719.91 l0%
ir pEvioB ,tm w@ pnhdity dE to rhe
iEuEiciocJ olqpila lo sNLrn its ir\etu.nl pro8ffs Cenn!1e profioble rn(ome.
'o
flns is lhe @ai! retr $n) $e conp&y hao decid.d lo nrmd@
&sock nChN o Fd ,o
irestos.
The
mi!
inMioo
of $e stock nghs oife! is lo ni$ sutrcidt fuds
tmtEble
whicn shdl be ued to filib@ its pleed inv€strhd in a conlaild ydd od mining
op€!&iotu in lbe prcvile ol balela. lt is believ.d rhar rh. Compaly will expend@ ;
Luge rmNud of i& fi@i.l condition if it ce nie the addido@l crliirt thrcush th.
Ihe losss ilcuftd by the onpey
st@k iigbts offer to it3
A,y
hoM
Trclds,
iNe$6.
Eqr
or
Unceft.inti6 (Mardi.t lDlacr on Liquidny)
plE
Evors thai will Eigger dGct or conringm! fiMcial ;bfigatio trn is narenal io the
@mpdy, includins oy defsdt or se.l@tid of e oblisario.. I NE
All
Da,t
rial otr bale@ stet
resa.ti6, amg.e6E,
obli8alions (includiig
compey wiilt econsotidaled
@ntinged obligrti@6), ed othd relerionships of iie
atitls or otha ?dsons oell€d duins rhe cporting p€nod.
e, iat
rial @mitE.lts for capital qpenditfts, Serersl p!@ose of
qpect
entq
dsouEof fis& for such cxpendirlG. !q!4
D&riplion of
$c!@MiE
!Q!lE
An, knoM TMds, Evots o Unceiainti6 (Matdial iopalt
Any significet
Elhmts oIb@@
or
r!$
on satee)
!O!E
(fron .ontindns opeotiom), NONE
CalB
(or ey Matdial Chtuees Aom pqjod ro penod ofFs which
shall include
md horibnral eal,Bis ofmy da&rial itd (syo
IONE
S.&nol &pecB th, ha V@iat EFN
Arditld ott..
RGt t.d
oD
lne F/S
vdidl
NoN,l
FB
Jle cglotalion cleaged $e s ics ofxt_ st]1 & AssoCTATES io de p@pmli@ of
its auditcd fineci,l $al@or for ihe ytu 2013_
As agre.d. the audil witl be made iD ecod&e wirh ser.ral.v a{ded audiiino
tud,rd, in th.Itutippc TI.sestudtuds Equr th".de; p,_;d;,i;;;;:
ro ouiar r4oDabre. 6rb* rtui ab$lu|e. assumce aboir rhed; hc
fimdal
shtmons m iiE€ of ,E&rial his,sta1ohenls or *ielher €a!$d Uy *.
* n".a. n .
dudn indles, *mjning. on a Lcat b6is, evidnce supponirg
rhe mo$ &d
o*roucs m $e ri@id uermr' fte aud d$ rnLtudes sscs,ng tho acounring
made b, Danacmd 6 _el is evaurne d,i
tT,,?Ij--11,19
"sri@t*
o\/@t
xnecd ('fuftt p6edErion.
l*!*'
$
ofde agEDent, ihey yill als €o6ide llte Conp&yt inemal colhol
b) sene*l) aceprd auditjre sra*ds ,1, ,r,. p,,po*
ryIy.
estabhhlrt^ a fc.yg
basis for d€leroitug Lh. n.rE. unus. &d exk ofaudirns pnjcedB
"i
n46eD tq qprc$ins e opnio! 6dmbs rle 6lrm,aj 5ldf,smts.
Aleo,
pon
e D! paymts frade bv rhe corpoqnon tor al. oth.. (es oaJse tle,e @E no
ottE &Fi6 rcnd.E.l by rhe .xtcmd rudnoB ir thor y..E Grc.Dt tor lh6e
Tnei
rlaul$ s*ics n
ntion€d above,
Ert hd Audt I..d dd S.Fi.ar
KL sIY & ASSOCIATES
Y€
Ended
o.robs il
Php
72,000.00
-a
lt
Diz MnrillnD,lDqn 'n, ."
Ended
Iem
October 3 I, 2Ot 2
Php 50,000.00
PID r,676,00
Php 6,000,00
Audit feB: TIjs rcprsts prof*sionat tes of rhe qcmal andjroN K- Sty &
ASSOCIATES for the zldit s ic€s endered on rhe compey.s Atuul
FilEtrid
$arehd$ for the t@ oded Oclobq 3 I, 2Ot 3 sd Ocrober j l, 20i2.
FB.
Atrdir-RebEd
lbek
Represd he otn-olpockd expmss of fie qmd ald,iou
&d Eprcoue@ o, tsmc,,l SlarmmB
Dcrude ponaBs, tuspo%tion erp€B
lnat sh.ll be billed seDaEretv bv rhe said
elrml audi;(
Trr F6r
be
Feprelmh Drore"sonal
rftdeEd
Audil Cobnitr€e
wic6
t*.
tur
lll
ad\isoryconrr,laron leflice fiar
!u.t
Appm.l:
b the cooley by KL SIy & ASSOCTATES have been p&Co4orationt Audit CoDmitree_ Ihe Audit Comnt€ has eviewed'&e
@enitlde &d @tE of thes swi6 to ensue lbal rhey ft compdi6b snh
@inlainiry ltle indelenden@ ofdre exlemal audnon.
Audil
prcvided
approved by the
MARTET ?RIqE AND DIVIDEND
As ofseptenb€r 30,2014
No diyid.Dd, eiths
h
th. @optuy htr 1,362 sh4holders of
@mo.
suirr.
cash o. slo.i{ has been declaed or rhe shms for the tan lhree (l)
rclrr& ro !t€ de.llnriotr ot dividends
fbcd y@. Th.r. ,rc no relt icrior! yith
€irnq c$L o. 3to.k dividend,
T1l. pm(ipal Mkel ol Lhe 6qEa on\ @mor equirl
FxchaBe. I!c. The Hjgl ed !n$ pne o, the shoB qhin
tud subseqE iniedn pdiod s€ 6 follow:
DATE
2111-2017
s
2012-1013
2013-20r4
Qlalts 0,lov..Jau!ry)
0 068 0.047 0,08t 0.044 0.046 0.026
2ru QuEter (r.b--A il )
0.042 0.036
3-ODEterolav-Jutv )
0.058 0.047
0.0, 0.016
4" Ou!!t€! (Auc. -Damb* j 0.055 0.040
0.430 0 042
As ofNo@ber 12, ?014 tliEh
0.81 Low 0.71
I
R.c.nt S.le of Unregltered oi Er.npr
Seurid6
S.L of uur.giiterd eNriti6 in th€ p.et y€ac -NONE Thc Cortontior
3.ld .ry mftstul.r.d sewiriB ir th€ pBelt or in r[e per ye6.
Jhr to! twory (20) stockloldeB ofrhe cfpoErion
l.
2.
PCD Nomin@
Colden Towo
s
hr mr
of seprmber 30.2014
e s
shd*
% comon
2,945,831,065 6o.29yo Comon
SqEitid & Holdilgs, t D. 918,132,000 tS.toyo Como!
CoQoration
No. of
177.274,000 1.63% Comnotr
136,8s0,000 2.80% Comon
118,012,0?9 2.42% Cotuon
70,650,000 L45% Comon
23,728,000 0.49% Conm.n
21,000,000 0.43ol" C6mm.h
20.530,000 0.42% Conmon
20,4?4,000 0.42% Co@on
18,150,000 0.38% Comon
16,156,000 0,33% Co.mor
13,000,000 0-27% Common
12.000,000 0.25% C.hm.n
10,000.000 0.2CFl common
8,648,000 0,t8% CoDEoD
7,800.000 0.16% Comon
7,514.000 0.t5% Conhon
7,000,000 0.14% Co@on
6,260,000 o.rlYo Cmn6.
9. Inre$oB Stuiri.s. Inc
10, lsl&d S{uities, lnc.
l. R. Nubla Securiris, hc.
t2. B&elo& Roxs S@[iti6.Itrc,
I
O*d
14-
Cq
16.
Arsldo,
20.
Mdi&o Yu & Co.,lrc,
S. ITF Arlhony Cu
GodiDez
& Co.. Inc.
Th. r.gnir.ll *ill NOT i$u. or doB trot itrt b{t ro isrue by rdy *clirie
ir
@nedoa ?ltn uy .cquiritiotr, bu.ilqs .ombin"rio. or otl*'*ig.i""ri_, *
of 6e rhdirg drr€ ibDedt..€tt prior to lhe pubtic rtrorr(b;t of soct
tm.ufii.ni.
Couplt Ee witl L6dhg
Tne
@rpmu@
Ssies or 2002,
PndiB
on
Corp..de coyornuc
G bem modroriDe corplituce wi$ SFc Meroredo CirrdNo..t
6 w.ll 6 si.h $e o*e- retddr SEC cirulB md rute" on C;;
go\mmtr.
Alt the dmou. ofrcers. and Mp,o)ee, otrhe e,poroEo;had
atl de tqding praclres tud pnncip.es otgood 6rponr. g;,elfu*
corpoEion s
u,t TLe Corpmroo had corptied wilh lh.
spprcpde perf()llfue sell-:atnB 4ssdst and p€nolfue e\alution srsm rc
d.Emine dd
mmpl'e* wh the Meual ot( orporate corMtr(.
@rroBr.
c@prrcd
ho
*
E
Etu
aw
otey non-complj4ce wjl! ord*iation ftom irs Mdusl
ol ( (p@1e cov.@ce. Th. Coeodiotr wil ontinue ro nonilor cobplm.e wirh l,rre
SEC&nes on Corpor.r€ coE!@e ald wilt .@jn @@jtr.d in ins..i,,g
tte aa"prio
oto6s srtu. ald prstiB ot good cmoral! gowl@c lo elhee r; ,rrr
its
The CorpoEron is @l
t;
Ph
The
on
lo IEpruve Co.Donte
Compti,@
O6cr
Cov.n.nc.
Dredors ot lhe corpodtiob tad aftftd.d semrMrs,,EMirss
how !o adequalely ma@ c@pthce wilh good mrloEre govtue p@ti.es.
d
'Tle Board ol DiE_cbu of Lslsd tdomadon s ]fthnotog}. tnc..lprov€d d adoPEd
t e (orpoEtion's Rers.! Cor?orEk co\@ce Maud u
r,ua ion
-pyot*ti"t
sutni@d to Oe Seui!.< & E\chtuee com,ssion rsrc, da
io rr,. rritipp n. s,o, i
Excltuse (!SEi.
ln
6hpt&ce with
this Revisd M&ual, thc Board ot DirecroN
ed Ex*urive
Omm
c.rydT
hee
afteded
a
govtuc.
@rporaE
mi@
by rhe
:i.,e.
rdrppEd s4@tr6 ( oEuIlDc) CorrDreion TPHLSECC) on Mdh sveD
5, 2008. Thig
Meual ws diskoimEd @ t[e B of de CorpoHioD\ red mqb6.
To
.nsE
the €r1@l of @mpli&ce with L\e mmuat, the CorDoaiion conducred selfasimd! ad sbEin€d iE fiRl Corentue SetI Raing r; sLC &d psl whrch
rpoflEd ro sigtrificet deviation
Tn
Corpontion
mdd.d
Oe
IMual ro .mply ,ftn $e di$tosE
ru1€s
on
n,6i,t
TheF is m,$t'sDriv! oevidion .oo rre adopEd MeL6t on Corporar. Co,erurce
r& quanf,at trmcr.l Rpoc w(c subniFed b) @agflerr ro rire Aud! cotmite
shich w6 bsl\ed by rle Board of DiedoE io oveEe fi;rcial manen
moog oLhq)
TBE COMPANY TNDERrAI(ES TO TRO!'IDE WITEOUI CTIARGE TO
EACTI PEIISON SOLICITED, ON II|E N'RITIEN RTQUEST OF AIry SUCg
IERSON! A COPY OF TEE BIOGISTTIANTS ANNUAL IU]PORT ON SEC FORM
I7.A ADDRESSED TO TIIE CORPORAM SECRETARY, ISLAND
NTORMATIOI\I & TECHNOLOCV. N\(.. 4.8 VERNIDA I CONDOMINiTM,
r20 AMORSOLO ST,, MAI(AT| Ct.tY,
4/*,;
GREAOIOO Y. NARVASA II
COVER SHEET
ffi
cmpaot-iFuIGj
s1'6r
crly /
iis-IFffi;;'i
T---Ti 3.rG----------r
f7T5-l
July 31,
T3TiI
2014
rT- rT-
N
s.@daryr_1ce1s-e- jil-pli'cbre
r-r-r-t
ffi
r5"P-
ffi
To
EoAdn
lbhed
r r-r-rl-l--'l-
lJ$ bLct
lit
to
tuing
!, S€C,,.@tut66.d
putposa
SECURITIES AND EXCEANGE C{'MMISSION
sEcFoRt
1?-Q
BI:B,'ffi 3H"'irfiilsl;ffi ,*
",.H+lffiJ,ffi
Fd
qwEb
I
lne
D.iod .D&dr
J
v .U.
rora
2. C.@isi@ id.ff..rm dDbd: r6tirn
3. BIR Tu ld@rifcri@ !@ba:O0Git9.66,
,t. Erer l@e ofR.gi!6at s
A@if.d iD jls ct.lra
ISLAIID INFORMATION & TECI'NOLOGY, INC
J
PNinc.- @rry d oihsjuisdi.iioD of rE<rpoErion q
ft8a@ii@:
M4& lrry, P[rxEh6
6. IndBtry
crtslit di@ Cod.:
u* ody)
Add*s ofEeisrdt,s ld@irct of@i
7.
4-A
120
Vmils I CqaEi.itri
AIIs$lo Sr, trs{€Dr V
MrL"h aitu
S.
(sEc
n"si"t-t'" &t"pt"* ,r!,b".,
(632 ) 813
-299t g)2-
Le
i@tsdiis
SdEide3 Egisl&ld
cod.,
fie6l
,6.
1316
g Fo|e 0,e. loDq sd.LB
od
10.
de
6rm
l'
cnrg.d 3i.a
lael
p@et,o Setio 4 ed I ofrh. RSA
Nmb.. of ShG ofCo&eoE
Cl'm@ $oc* d
II-
Ar.
Phr
Vnh&
d865,748,6t5
e! q stt ofth6 s.luiriB lidqt d lI.
Y5(:q
No( )
phitilrire Sro.t Erctege,
cport.
12.
hdi.sEbychd<
I
D.,r,Idn..dEEsilret
r[ E?ors tlqlnd
oa!@k &d t di,
h...q:d
(4, I
to h. 6r.d by S.{ri@ r I or rr. RSA.d rSA
26 &d t.{t of 6. CaDo.did C!d. oI eG
d',i!g 6! !medi,8 r2 @!6s
ro
Eb
r.i
rtDort!)
(-
r.d(r) xo( )
e"
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bt h. t a objd b sh flirg llquilqME fE lt. p.s
Y6( ,
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90
drr
PART I.FNANCIAI, INTONMATION
It o
L
rb&nlst !.Mt
&n mt
Wio Eferd.e
of
qurse! i!
to th.
, br6r
R.q!i,!d Und.rSRC Rot dtr
arhc!.d
Equny A@!rD'
h@i.l
sl,reo.nh:
Balae Sh*l 6 of6. dd o, the cunr brtu p6iod ed ! Coopa6tjw
of th. nm.ddr.tr oE ding nne.ial y.r Odoher 3i.
Bdrk s56 a otte dd
201 I l@ auditcd
2.
1,
shMs chasd r. squiry c@ulNri*ly td
'Irrk Uft
6ruEd
@
conrm $o.t .qdtalcnrs dEirS ltle p.rod. Ar tuh har tud
sh@ e lhc sr4. Lo$ p6 sta td rh. pcnod i! slDq i! rne
@ugs^Fr
,@rpaylrg (;lrMlidaE{
5r.r.8.0r5 of tm@e.
IEiD fiMdal
Sldrd!
E
Th.
5. The
lh€
yd ro
Fiod;f de
.1lmr finM.t
lhtee.
dar..
wni,a @pdrlE lellE !r ts tic @El.nbk y@-bd.!r
utfudralery pwdhs E@iat y6 Se shibir "A-
r.ron
n mmptEme wrh piitrppjn. FDnat Repomrs
tu @iirg DDhm sd oedods oI @grari@ qw hu@ed i. the
sld.l4t 6 corpaEd vt rh. @st re@r ..Mt fbmi,l
stal!tunB.
L
t d b.o
No sssoEl d ctcbEl tdd Ual rtr(Ed ttu]s qu!fu ! ilrdiD opc6uon'
Nno uu&d iEE thfl lflect.n sids l6htiti.s, equD, n.t
boE tr cash
lhis int
.
.io
Dsiod. rh@
No clh8E E 6:fiBat r rEponed in
.fd
Fiq 6@cBl y@ $it
had s
narerdl
- No i8slfue. Epulhu &d r.laycot ot .{uiv s.ff,xs.
- No nrt nrl.v@ 3ulEqu t ro rhe @d oilh; ,ntenm pcrEd d& hac lol
bq rcnan d in rh. fimcrt sEGDots ite inLnn 6.n
. No cheg* in lhe Mposino of theiori$u.r.
m d,s,ms *0,*t*
a.quisni@ tu di!r6.1 ol sub&de6 dd tmB !!m hvBrodB d ,o
los-tsE iov6tE nll. E t llfuilg dd di$@uuins o!6aim.
- No cbln3d i! mritrg{l lirtfity s.onrirsor as ire rt€ hst m@!
bsbG rhd d'h
-
No bateri.l oolrhg€eiF dd dy oria .Ers @ trelacdms diar d.
meri.l io e ude^tuding ol rhe cilmr inr.riB pdod 0ln6 thd rh*
di*N.!d
iLf, 2 oflhis Eport.
in
Ild 2. M.Eg6afs Di!.aim .nil AEbli9 (MDA) ol Fitud.l
of oF.riN {Prr IIl, P.. (A) (2) (b) }.
Codiliu .rd f,€uis
'Ilt
Si@tlold6 of lhe CoDorrion lEld tu enul tu4ilg 6 24 l€b@y 2014. Mr. Iqsus S.
of tn Cdpof,rnrn md de oi is @jd st@tolik s bfmed rlE anade*
rhal a d@ dilisac .!s@Et *as @nde1!4 dd lhar rn cd6 tl,@f e M@dy
uaEiLble. D3@sim wnn wiru pclotial inwlds e odmy lo @i&r @ p@jeb,
@sisLni wih dE CoEpuy'r otjccli* to Bi$ lne $claokbB' eqlit liof, n€gari* ro
tositir. Ir inG @Dt sch t"&$ds mlcrialia, th. Cmla,y q[st' no@e s in lt€
sbenouiags of th. sl@hol&rs vhich n y iDprcr @ ib @nrol oE lt nE S.a.!t of
Coryd.rio.. No dc6lite pliffi iEE ben dr.M 6 ofda&.
Le, d. lEeidelt
oi
ire EA!4N9:E_!!EEMq!ND-by @spehs u. pqiod oc.obq 2013 io i\at of
July 31, 2014, dE d..!te oIPHP 78,046.82 b lhe ca3lt d hed dd in b.nk 16 due lo ltu
p8yhmt oa& io l<.]- Siy & As@iat6 {& exteBal .udilor ofth. aryrDr,
ircre i! tne ]@iEblcs
The
period,
dounting
Tte itlctle i! d. Odlr CuMt Aseis
Pr€Fid In oE ex ad Val Ouptn tai..
t , In834,73J 45
B
d& to upaid Mr ddi.g
rhe
mMdne lo PHP63,530.20 rcpr*!& va Iapd Td,
rhe dcctq9 of Ptp26,935.ti i! dr Prog€nies dd equirftDr .fur FrIais to d.rE€i.tion
oxlos.fAd@atic FiE Sprinklo Sylion i,slallcd in the oE@ of|h€ Corpdatior
The
inclte i. 1[6 Aeours
rn
b.@c ir
PrylbL Ed otnd li,biliriB .ccoEl @oultng to Pnpl04,r64.50
d@ to d.&r6nt d ine royfunt of IMfei Aelnt f.t, R€t iM fr. of rdrr Ndl€36.
Sal@- dic CcpoE . S*Ehry ofd. .oopdny d val Oulprr 6r fd tne p.riod
*d
N@4ll@i Liabiiiti6 aouilitrg
tne
nu& by Mr FdSu
S.
ts
to Php60JJ24.03
*a
du€ to
adi@*
lne Pr.si&nr ofrlre Corpo6tion
ft. ime il the Profosioml le ,.mnt @uting io Pnp50J6{ 96 k d& ro !6}rdl
oad! !o lorto Naru S.la rlw Ofi€ lt Corporare S€oel.ry of th. Mpoy &ld AB
St@t Tmsfa! Cd!@ti6 ihc Stet T@ir.r &! ofcmpany.
The
r,g
ioclte
prid ro
in ihe
Tas ed Li@s alx@r @oelirg
tt. cny 3o}fu.!1
of
T1D d?GI!@ in lhe Asrdoirii@
d*€e
in th3 asidion
dc
Mrkli.
to Php471.0!
Des &@mi mMling ro
p6id 0o
Vnida
I
@ de !o ilr@e
Php99,001.20
M
doe lo
Condoniriun CorrEad@ Bre
in
U@e b S.lri.s dd w.s6 M@nr
sdri6 ed wasB of mplole
rhe
anounriDg io
&2Jr7
6s
w6 dE ro m.l!*
dar.e m 6e Pnr,g., tctepbotr. md T.lcg@ s6ur mudna
du. io{E de.l!* ollong dise elts nsric dEins d. oqiod.
Tte
m@t
Tte
oa Prpl5,000@ in tbe
deEk'pde ofrk Cobo$y.
w.ber d.EtopDd
cGrs
@
io phpt.782.l6
Th. dqrc in U. Ligh & wde ..fur mooong lo pt!I4.72 w6 dG io
w*er M3mpriM duins lb. $bied o.nod
decrte ir
@ @d
rErme
itr
*b
of
e
Thedoutof Pb7,050.00itrrtcSb.thol<h6'&nutr@iinge)q.IMr.r.wnlsp,,oe oI
food
s.ft
duilg
sro.ktold.6 netitrg h.td
wa m tuotle in tI€
Th€E
Php336.00 due to
I! i,l.it&
printing
Fiod.
SSS,
ar
it
CsiDo Esptut de
Maila
Ptilhdtth dd ECC @tunioE a..@t smuring to
ECC ontributioB paid by tne dploy@.
incils h SSS, Phhcatrh sd
of Pnp8.,160.36 ,n rhe SrarionEy , prindre and
O{t@ Srpptiee
ac.Nt @
dw io
of info.nation sa&oo! .l,@! rqoa dd ,trclrse of ofr@ i4pti6 dBbg
@* i. SSS, Phillealn &d ECC.oortuuii@ &@srlmuting
h pr.Bib paid duiins tn. D.riod.
the in
to
Mul
iM@
to !hp559.20
the
ws de
Be
ir Sbi@ery, pri iDa &d offie sulpli* r4.n muntins ro pnp8,rt6o_86 vs
lo Dirths of Ilfmdid Sr.rEh6r sr 1o rlocl(hotd.E.
TIE in
due
lhe
iic'le
in
D.pr6irri6-Imih!€ &
fortn p@od.
imlEeDDeprM
Fixbnis e@@i
tuuiri.g b
mp40.0o
B
dE to
@ a dec@. in,@{oopliaM @st eMt uoulring to php16,4OO.OO hsae !o
psyDenr rc Dade for poiiti* wi$ tn. S@Ein s dd Exon c. Comisjon.
Th@
fteE
M
a
dq.e
Bade to th. Pnjbe
IlE incFa*
nis@Ulrbu
of Php30,000.00 in rle S@i6 F€e .c.out
Co6dt a.y Cq?or.iio. &r Smi@ Fe6.
do p.yr€or
of ?hp4,019.06 in ln€ Mis.[sn@ qp@& @our pqrsitu
.x!..s ftr ttr pniod.
P€.foM. Irditr.E
t!. Cory@tiu m s hltos: {U.irg
NMnt.1013roJE 20la.nd NNdte.20U to Jrly 2Ol,
Tnc
t€le
of
l. tuEsl&ts:&Ee$.lElg4c!4!!-lir$Uit
rn.
ys
r. ps]r6i of
..D. psiods
Ritio is thc g.n@l tl@w df iiquidny. It @pr€*
.arioof ,[c@nl
e*rs io all Meit liabilitis. Ii ij slrelim .a{ed iE .Wo*ing Caliu! R!rio,.bdae
wo*itrg ceii.l tu r!. .lle$ of cl]mr Bct3 owr cllMt lia6iliri.s.
Th.
st
Cwnl
PHP/ 17,94.4.15/PEP415,5
t
5.52=1r.78% (
PHP696,E53.48/PIiPrl56,562.tl=t.526%
2, Piotrlfl-e\
o,I.r.l
(
No@ba
2013 to
NoMb{
20
Jul,
l2 io J,ny
Asdr lbtio - N.r Pmrit rlMlrl'od
2014)
20
t
3)
lr*ri
proit on Tot i Asb Ratio is u&trt b $ow the e,tyut hop wI lh &o eoplorE
iE asea i! lnc h$iffi n 6 oon sisri6@r *no @riring difftEnt oopuics'in
ti. sm mdusFy. d orc ildic.tion of6. rbiliry orD ag.f,.Dr ro r Beis;refitsbty
The
(PHP 173,J83.E2IPHPI6,653.835.44 = LO4% (NowDbd 2Ol3 to Jrty 2Ot4)
lPlD 103262.39PI,P16,6,9,729.92 = 62% (NoEmtq 2Ol2 to Jtrty 2OI3)
!,
Pm6r
tl-sr
M S.t6 B.ri.
-
i'Lr
llsm ILNr/]\a Srk
lX.Pro6t d Sald Rltb hightiells fE s@6s ofrh. qptration io obt ii a pric fd iis
p.od..6 aborc ih. torat 6r of mting e{Uor selting de goods. It!i! Btio EpresB tLe
trd opdins rEgu As sI, it irdi6t6 de $6eth or qeh.$ of lbe c;rpo"liotr s
mElci pcrhd s @E!6rcd wilh @mFtda u 6. ndusry. d tar drhns Lt
preedilg 6sel Friod,
(PllP 173,583.82/ PllP 60,000.00 -289.3lydNorcobd 2Ot3
(?HP 103262.39l
ltlP
60,000.00
=1?2.Ioy.(NeBb€r
ro
July 2014)
2Ot 2 !o
July 2Ol3)
h lle Sla&m.it of Cteg6 in Eqdty, by onp&iry rlE pdiod ffom Nombn 201j to Joly
2014 *it\ d!. pdiod Aoo NoMb6 2012 to Juty 20t3, lie i!.Ite i! $c D.fi.ii AD6ut i;
@iDh dE to 6G d.r lo$ of PlrP 71625,{.8J rh, B ea.ri..c!d toB Nomb6 20tl @ Juty
20t4
$ue of i@@ of th6 @rpor.riotr h thc subir, D.riod re rhe urai of ic
odosiDim uoi iD M,ldi Ciq *hich B iEuffEicDi ro fitrEe tc 6r of its drity
o!€€ri@. Itis t rh. rcasod rhy tb€ cdporation h$ !o B.n to ds! aditffi tEB M..
!€re!s S- Le, dF Presirrdtofi!. ConD&y.
Tte o y
PART
I.
FINANCIAL INI1ORMfiON
Ajl baerial of-bal@e siat t dsii,os,
ohlig.titu), &d oihn elrtjonslils of rh.
p€ms coled dding rh. r.pdriig pdiod.
c.
mns.M6t
@Ep@ry
obtisali@, (iEtlding @ntingeDr
ati;s @ oihd
rirh @lrctidated
REMARX/S: NONE
FINANCI L NISI( DISCLOAURI
Als rk fuEi.l rilh qpcuE ol rt oop.oy .d ir. ab3ldt.rtB
!.r6ublty o @nftr, iiL,€t! cr.dit! urLa .nd tiqlidt.y .irL ta ry
ch.nge tn Eot,@la 6ri.ri.Iv .tr.r rhe futuLt co!di(i@ rnd d{tE oa
oFnliq of &e.o-Fu, previd. r d!.uior i! r!. Epo.t{. rt qutft.tive
.rd {uutit !iv. i6p.ct ot sh rtuls rd imhit . d6diDli@ of .Dy
oLE@ot h li..oEpuy .ist Dugd.Bt poli.i.! ao .dd6 dE oe
REMAAIqS:
Tb! @p@y ha m t@i,l risk.rpcre at ius point h ti@. Un&. tb6 pGsr
pl,r vnm ld. @l4dy suld oFer slock riCts to irs *ernoklgs of @oid, ,t
proc@ds toD t eit st6t .idls wil b. ed to inv6t in & erildls @tairq yed
hEilBs. TIE @plierim fo. rhiB ri@t right ofdins L srill urd.r p@s ,i& rne
Sryiiia ed Excharge Comision (SEC) ald eitl th. Philirgie Sbcl Exctmse,
h.. (PsE).
p@td. .L.nr jid 6@ tElrFHt
di.dnd@ Eg.diog lr! tu mi.l bdr.i.!t nctudi.g b[' .ot lieia.d to the
folo*ing inlo.drlio!:
trnlub rndi.r tt orp.ny @ld
l. A deripfd
ftucirl iEinr.!! oa O. oeD.ry lrd fte
o*!M.n& .pplln for 6.t tf ur.ri.r ir .D.ut
ptuvi.L d€i.iLd spbrdotr o. 6Dphr 96iias ,.rti1c{r.dr on
of tlr.
.Lsifolion .na
d.iv.th6 od rh.i. im!6.t d
th.
tu.eirl
@!ditio! ol
t!. .ooprlt
REMARX,6:
T[€.orFry dc.ot nr*.ry nnu
2. Tnc
.@ut .!d deiplio!
of
it.
inlrud.n6,
@6prn '3
itrrelbdl! i. loEisr
RIMAAI(/SI
TL.
oorrry h$
no
id6rE@. i! foEiE J@nri6.
3. Tne {gnlfienr isdglut !.d. i, cLsi'ins
iNlraEatb tt 6i.vrh. tl.nrhy.
. }.ni.ut . fin.ftit
Rf,MARIG.
Ti. .o6p.nr is
iuil.lH!
l.
@
fiurdd iutdaot rn.re
n
qr n&
An 6pl,ori'! of lop rbk itu.ponr.d.nrt coEi.l.Bd
ol.cr..nd libiliri!*
ti. .o{d
ir ra! v.lutior
R.EMARXS
Tn codFry lG lor r*e, ..y rirk b tn. *tdrion
el ir,
.3*r! o.
llrbfliti4Itt.!lot&qdr.dfiyNernor&riftr.ridoyt bdtryqepr
to. fi. 6t doq tru! iar paitar ud CEO M. F.rsu S. Iro .nd
Mr. ArdB L.o, SL ti.
d.ily oFnrioEl .c.r!.
lor.r
pElddt ol&. cou!trry prrDety
tor
ir.
5. AoEptrilo!orr}.Ajlv.litr r3ofd.t 01ln. t*ar 6rrir Epo.t
,Bd.s ofdrt oJtt p.ra.nlgbt riD Frio4,rdrncrio.ntof
g.tun@ tag!i,.d tor ach ollL. !.td !.riod.
REMARKS:
Th* 6grB .E rdler.d i. os q!.d.rlr
tre b.elg 6l.d rqdxb rnh rne SEC.
FDor!
(SEC Foro t7-Q)
etktr
6. Th.crlt rL u.dt'od,.Ld . r!.t!.r ti. urlatfor n forcill
iMtr!-.Dt ir rctit. or l!.dn., a d.fied udq PAS .39-I,i!.Bi.l
IBilu.nt*
RIMARKS:
Th..ouprry dG
.pDli.d
o rdyon
ri.
not
i! .@d.tra
br..ny firEi.l iltE@trt rh.n.rit ri. tu h.
iio
PASn9.
oltle fo..goiq diFlouE it lol.ppL.bL
EDort rnd prerid.
Rf,MAR(S:
. bri.f dpLDrion.
ro
Tt .rpLutioBnquir.d r,@bri.rl, 3trdrblrc
OPIRATIN(: EXPENSES
rte
@iFrr, s.ni. ir
.
ACCOTiNT TITLE
PsE
NOV.2013
JIILY 20rr
llrd;;ffi;E
,250,000
[!1IEM@ E!
27,464_57
i.@dd*
SalaE
md
I
00
37.008.00
t29,004 85
90,000.00
wsl*
]t,46634
318 30
1s,000 00
{-
ry99{.1qs{,q!.r!&sPs!:!
philhqlili lId Ecgigarrlufors
issa
srodrtlrj oftri,s
Deprailrj@-rMnee &
7,050.00
4,365_28
I0,512.90
l4J05l6
-0-
Fis;
26,98515
{-
^!r,ls.'@orelpeB
NOy.
JILY
r0l!
INCREASEJ
DECREASE
2013
?t0,000.00
t40,0@ 0t
26,59J t7
-050,56496
471.00
( 22!912E
t2n.621 \7
90,000 00
I
40:43 70
63152
.G
+
{-
11412\
IJ.00000
?,osi0
j-
4,865.28
9,95170
26,044 50
26,e45 I
3,?82.36)
4
4-
4-
(
(
.rL
559 20
8,.r!0 86
t
.q.
-42.,OoOO
.{}
',I
I
(
-E@qldl r-- 3,.qqq@)
__1l,ts!!! I l-'t39 5' _]!U.E
896r54.85 G-2.roril
65.955.J2
FINANCIAL POsITION
rb. se or haw !o s,sDin6r cnd8r, d .s.r. rron
l.J-I,,::Y
rr-r abole
:4"ry$e.r"r
wu qf,s dkros.d
he oor bcn ey hd,n E€ads. d@in *.,h.;
eyats d E6r5rh6 ln.t wi[ h,re ! mdcrirl iDpacl otr lhe cepolllotr,;
oro_io J
r'moi.l pGitio
a tuy Lmm ,End! det@d!
Eatdar
Dp*l
m ln. issE ,s Lquidiry:
nr6 dar qlt h^!
a
REMARrc:
Th€E haw
'mpa.r
b
4ry
o
b@ @
hM rEd.. doods. cmmtm s rhar w t hav. .
lqudiry sdc 6on 6e hnsrm m.rfiecd
tbe @rDo6riotr.s
€Bt drasi{
@orpdy, ituludilg
REMARXS,
aig8s dnar
&r d.fadr
or
@t nd
o cdti.sBr f!@i.t obtrriion nur is nd.riat
a@kErior of s obUg.io;i
to
dE
TlEe ir
r
e lnM
@tFul to 6.
e@t tt t eiBh fISgB dtm tr @tiogcnr finmoEl obuCaroo tiat
!d i! lhe c.rpmro. in &finl of tuy oblis io. dd dghr
@@!aoy
Ary Mrtq&l omit!@ts f.. c.piLl .xp.rdincs,
@mihcni5
and
tic .r&.red
sul6
ol iE<!s for su.n
116 g@qd pupos of
qqE.d @$
sucn
RfTMARKS
Thd ru m lddi.l
cbligri,6, mrilg.rt
u@eldat d aniti*
Idiod,
it!
subs€C@t ofr-bah@ slEd
r odlNi*
trd$.rion! 6&s.Mts.
snd ode E]lrj@nip o, irD @Dploy wirh my
m otts tElss @ar€d &riog &e p€iiod. Ar of tbn rciurins
Egjst@t ha no Dalaist ci)eit n€nt fm oy c.pirat ee.ldiiE.
Aly knom hdds, e@b n uedtainti.s !h.t iave had tr rt t e @ab!y qDetld
b nrE i mterid fa@ble 6 Ef.v.rabh Dp6ct on n r sat $4*flr../iMe fidr
REMAR(S:
register do.s mt k@p of dy t 14 qat d usardlri* 6ar [aw brd clnd e
Eaorably ero@ted to te a mlerial c u&\@ble i$pact d rd sales, en@ tr
inotu Em conti@itrg op€EtoB. It dfts not know atD of &y Mr dql vill 68. .
oa.rial .$dce id the .cldio!.lip b€tw6 6t ald r@iu5 (such s hoM tutu€
ind.M i! @t of l.bd d n.icrids o Fh. i'mM or inmtc, adjutE@1s).
The
Ary signifiqt 6le,MG of i@@ q
REMARKS:
Ite regirlEnt dod trol baw sig 6.e
6.
! @dhuitrg opdlrim;
ilw
lo6s
dd dd mt ei!. n@
elmte
of
iMtu d lN
the
6u
s
rhar did @r
.@rin!n€
eise
toe
Tn .€lB fo. oy tul.rid cldsE ftor laiod lo pdiod stich shal inclde rstical dd
nqibntal @lt*s of ey mtdid n nl ad
REMAR]$:
Th@ t6d t@ rc ..es for &y @tcrhl cheg. too Friod io
irclud. irlie! &d hcimi.l rmllss of eV mnerial ir.n.
a
Aly
gsal
REMARKS:
diod
*l
cn snal
asp6t d'n brd a ftrdbl .fcd @ {E fir&cial cmditi@ d 6ulrs of
'ftft
i! m 3.rsou, ap€ds lhll tad ! mte.i.l cfl.d @ ihe tDrDi.t @!diti.r
d Glltg
R6og.nio!.lirFcrottt f.rbri.gN!t !d.r&:
i.
s!!@rc FiNcir! std66rs PAs
REMI|RK:
2?
Not spDliclbl.
The Esist at do6 n
'r
i
ii.Inws@a!
(Ao
d.d)
lsw SIEEI Fi@irt St.r.l@r3
As@i.a and.,oiirvmres
PAS 28
(AE
REMAR$: NotlrDlialb
Tn @tEpsy dB mr he. Il6r8enrs
ni. Gov*nDent!
REMARKS:
Ed€d)
i Ajqiii€
ad ,oin Vdlrws
LlE (AlErh.nE to PIRS 1)
Noi.fpttlble
the tgi$tet dod
Cotu rtLoN
ir. Di&l$@atrs€{itrS lilmial A$(l3 and Ii@irl UlbniiB
Ptts
rot larc
ey
(A@i,@rs
7)
&EMARKS: N(* .Wtod,l€
regishnt dG mi nrw Di*los@Oftqtins Fitei.t
Fi@.id Ln'bnitnt
Tne
v.
Coeliilrtedfi@.i.1 Sr.teMrs
(PFRS 10)
REMAR(S: Not appli€tt
'Iae EgtM iloe @t narc Cotrslidilld
vi. Joid
Ame6Ml3
(PFRS I
Dshd@
of
lftrqr
in
Otn*
REMARKS: Not apdielL
Th. ESisttut do6
viii. F.ir vale
l,teaM.n
FiMid
Srd@Dts
I)
REMAR(S: Not.ppliobL
Tlc !.gistr&t .Lc e!
vii.
Ass.ts
E
ie
Joint
A@g@!l!
iti.s(PFRS 12)
tu nl* Dislo!@
oflnrerca( in Otbs
(P!RS 13,
REMAR{S: Nor.pplicd,L-
IlE rlgillrut doq @t haE Frir
Value
Mesll,bftd
Elrjd6
od
to
i[oriry 6u@Ll sudtra ildic.toB in rro o!!6rrttve DeiDd c ,o[s3:
@si.8tn !@ iHiods, Nov@bc.2013 to July 20t4 and Nordbd 2012 io July 2Ol3)
Sclr.duL
l. Cmi/Lhddity nds - CElmr Asd.rcurara Li.bititid
Cllut
gc*r.l 06@ of liquidity. Itre,!@E dD ario of .I .m.t
asels io dl ofrllt f.bjlitiB. lt is $n tin6s oall€d thE'Vorting Cllihi turio" b.c.@
adrjns capit l is 6E .,@s of cl,mt 3*ts oq cllmt liobitiriG.
lhe
R.lio
is lhc
PrlPl 11.944.15 l1l 5,51 5.52=112.?e7y(Ndcnt r2013 to ruly 2Ol4)
(NoMbq
PHP696,853.48/456J62.51 =152.53%
2. Solvoct
ktiq
20
t2
b ,uty
2013)
d.l,t to.qdty ntioi
D.h-h-EquitytltiottheralioofroEllhbiliticsofahNine$biatheholdds.quity.
It Ls r lev@s. r*io dd i1De5slB tlre des* to ehicL th. *tc of tn. buire$ e
6na$d by thc debi! ed lte slEenolders' equity of . bNi'q.
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ISLAI{D II{FOR ATIOI{ I}ECHNOLdGY
C
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AS OF JULY 31, 2ol4
ov. '13 -JU|-Y'la
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TOTAL ASAETSI
CURRENT
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15,860,000.00
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Tot t Eq!fty
TOTAL LIAELMES AND ECIi'ITY
rE,85t a8t.92
152,722,&ti.69
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ISLANI' INFORM,{TION & Tf,CHNOIOCY. INC.
NOh
T' GENESAL INFORMATION
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I
ISLAiTD INIO{MTTION & TECnfiOI,OCy, INC. G! Co4my) vs inorpoded
uder rh. l!*s of inc pbilippins. 'Ite cofrpdy is rcciddrd vih rhe sm tie, ud
Ex.t se cmmission (sEc) wirh sEc Res. No r6130 pljm iry ro undda&e rha disov.ry
ud .xplonlion of oil md h ineml dcv.t0pm6i pEjsrr. The incrding costs ot opdarios,
fluduaring pi@ ol mads in rh. world m kd md dd. mling pere sd oder snla on
*ver.ly alt4red ihc mining opedions or lric conpa.y md no€emst ha doided io
sus!.nd lb op.dions on Nov.nba 23, 1931.
I
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Tnr Compar\ ch sed i6 hm,..y or4or of hoDoro'io ltlm nnirs o!a:.ioL b
hfomd'on khnorosr. i.e.. ,o eng,c. i I r. om, ,io' ;r s t.6 E s nd.o;;inkmd md
globrl @npur6 n.lwo*s including rhe d.;!bpnedr, lieDsiie, harrding, s,lB, E,lq
diribu(or oped'ons. rd upgmd 4s so rrnrasr. of 6mEE srm
thrsF.
spprov.dth.hehdmaronsed.mbtrr .2000
19, 2q05! $e s!6khold6 appBv.d the amendmmr of rhc cnmpay\ ,rthl6 of
trorpoBrjor pM.crla lj'b p mBo md !6' d,a puTo6.. , .e , omp;''; m- p. n ,ry
plrrs. h !o pmrde erco 6bin
nkgrdrd togi"ic! r .;. 1e
dohdr E spprold b, rhe sEc oi Apd 4, t005.
on ,muary
on v,,-h r. 2b05. rhe B@d of D1ef, 6 rBoD j a d o'ied mdss.me I ro 6sse. n h.
imprnuio- ot de. @E rusr. loys .mi ledi[a pMicu,r ly:h. srd e] .ino ot
f"niliar pmdultled ofi r p odrd r'.r m !,trb. i' rfi . domer ( urd. n. p)e b
goinro$srindorblEircswBkrporuit) rte.rdbr h.comtryinm0" @;{$!
coapry @'rld lllr 6ie r- [u' on r. plU ,a h6 ,n're conki.o ,m depo
busidBit tr disms.d :n'oNor. t4.r on May 13,2012, rhe abov. pt4 ws lhelkdrr,& 1r.3.)
on P.braery e, ,00e, rb. co4p€ny\ ppD appmved !ri. Modmenr of t\e compuy\
dicl6 of if,orpodion arod ng rhe oDomE tfe for other fifty t50) ,ss up ro
Dcenbs 10. 2050 ud wr nrifi.d by lh. o,rorty ioh of ti. sbc*noldm m ruly 15,
2009. 'Ite Cmpmy\ m6ded dicl. of in.bDodion Bp! ,ppmvld by dE sEc on
s.pr.bhd 10,20,09.
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ftecornp3ny';sh@ €pB.nione
sh.t
crlas
ommo; sh
Exchdse (PsE).
s lina, nd taded in rhePhihpp,n.
cohD;yrs €siiercd bmo., whicli is elso ib principd plac of buin6s, k t@d.n ar
4 B vmidr I cotrdommiud, AnoRdo s@L t4.bri city, The compoy hs mc (t)
.hrroyc i, bo$ lotr odior2.
Th.
Utrit
fte aumdr lhthdb or rhe c.EBni ioi
*.p6ia{,6 r", rre F, dd.d bd;ba
conFnyt B@d orDnEba on F.brus
f m6*. h kro,r fvu in& $e dar of $;
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snlred 6 dc6cirr of r 52.00{,335, Pr5l,04r,r70 and Pr52,r9rJ7l ado.rob63l,20I],
20r 2 md 201 r. rcsp.crivery, Gullils ro a n.aariE i.r *onh df pr03,r47,393, pl00.l3r,63l
md P10r,3r2,2i5 soaootobair,20lr, z0r2 dd 201l,6pdiv.r,
As
diu$.d
in Nob I4.2, du. ro rhc udinely
d6lh of Mr,
Aid6
L.o, Sr.i the Conr6ny!3
pls for the lisling olrte do.k righb oferins a *ell s rhe plmned inv6h6r in Adniml
coibind D.pot lnc. wetr +pmvdl by rh. compgny Eorrd or Diftcb* ro h€ snelv.d oi
May 13,2012- Conpdy mna3.ftd i3 cuffi y nudying orhs oprioN b bdng rhe
Compdnyt defroit io ,osilive,
conpdy is al$ onsidedig lh. plm offtviving ia niiins op.Etions in lhe pBvine ol
habeli *hidr sr! dis@nrinu.d in 1931. Thc posibiliry of g.sinE new i.wdox k beiig
Iooked inb. Tne cnmpuy\ P6id..t, rrr. FereN Laq hd bm in I
@mpany 6 u.ll a *iil o i .rcded joinr vhruiq vnib a*iiting rhe blks io mae ati,
*ithin Yeu ,014, rbe comFny s *o*ing 4pibl rcquimeft u. il r ld.l rha! @ dill b.
56hin!d by advd@s lom 6. Conpoyt P6lddr sd shftholds- shodd rlre r,lks not
ndedrlize *nhin 2014, rle company qill .onsidtr liquidaring rhe buinss lvdz ,ar.)
Tne
srArEMENrs
i
i
,.r
!@utinc @ds ol rh. Compay E mqiiEinen in Philippi.e
cdbpdy\ tundional cuMcx All fiian.i.l inldmdion penbd in
The
{ud.trt
n.fsi
ro rh.
as* dd
i
p6o
li.bilirie
dcpr uha orhwh,shr.d.
e.
oMrnonourcnt dkiiicrion.
pftsared
i.
rhe srihena
of Fi@.ial
Posirion
in
a
Tn. Sbremda df C.dpieh.nsiv. Ino.on pBat an erlyds ol apens usins a
clasifidion bsed on $en fiffdon' A detail4 bre'ldopn of dr. sgsEcded ap.n*s h
shom in the Ddla b rim@hl Sohenk @ordlig ld the natuE orine *ptrs.
chrns* lhe p's.n,flio' or ts fnecirl n,msb onl, f rh. (haB.d
\ rliebh sd mor
1'omdion
Evi!.d dtorM is lil.l, o onrinne'hs
$ r'!r @mpimbiliry 3 not mpoiFd.
Ite
Compdn,
tbtshbndt
otclditda
Tte firdrial.dqerB offiecompa$ h e b*r premrcd in Gons-e i$ PrilipD,n.
Fimctul Repo6ne sddsrds /Pmsr. DDRS tr adopbd b) rj( Lnici.l R.po,hg
lhd&isCo'n.il(IRSC)iomrh.rrcnounem6k.@ bydelrrend'o-ar A@L .nc
shdeds Bosrd rlcsB r. PrRs o,sisr ot
' (ir PrRs idGp;ndingro lnr;i ioid rituualRrpding ebdsrds
r' Ph'poir Asm'ns srmdm rP{sr mrpond'4g ro lnr.mitioDlAedunl g
'
,n.)r,reryr.Jarionr ro
a-h,g hrud. EEdrhs n6plb,ion! i.red b/ rh.
reDre'"ron- commir@
*l
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!
0tFlcI fomelJ fie
l
St&diry lhr.rprddiors commit.e (SlC)- rf rhe lAsB {hicn
rc
adopEd by
se
Tt6e iiidcial d{d.fi harc be pEpred o. rbe hinoda.l cct bdis, *@pr lor ni.
rlslud'on of ctriin CmciE aq,
ta3 ora.@unr.s md o. rle B.umpno- rld rhr Comp€ny
@nlinG opeBnon for rhc
td)
6e*able rutur.
upoltudq BandauhM
ne pEpMion of$e codpriy! Fnfllial 'hremsL onlod o wirh
"
nibqmdr ro nrle rdgmenr! siid6 od NumprioD
'\d alTec '\e
roun'.ng shc.. dd h. ppoi-d morts or &sF, l'.bilirievnome
Aqu.l6ult! m,ydirer rrcm
orher
r
I
judglnmt m contiiully eval@!.d md
b'..d on nisbical expsi*e dd
4pr.dio6 of lurm .vmt fiar'rcrc beli.v€d b b. donablc un&.
circumskne!, R.vkions b a.6uding *timaLs are rcoeniEd h ihe period in *hich
Etimares ft Evtsd md in ay tubE psiods aLdd.
Eliinds
rhe
re*etimc
md
ftft^,
inoluding
ofrit.I Mm"sm; hd"Ma k
/DDttinp
twati@
ln the pb.6s of dppllng rh. Compsyb amuring policien nMsmed hc frad. me
lollouinc judsrenls, apd trom &6e involving esiindion, *hich have rhe mos sisnifcdi
.rEt
on rhe
moffi @lniad
in ihe
fDmid ndermh:
tupn /,rltnpnt Ptap?ie andOt*raa1aC.dPhp.aA\
Dl i4 dt
s p,oP|D quriF4 L i-,..h"n' mpe^ ,.t ? \d o.
judSil.nl
ln msking ils
lho Comlmy .oBidds wh.rhq tho prcpcrty gaemts.6h ooqs
Ltgely tnd.Dodalofrhe otier asb held 6y a eitirr. OM.rc.dpiat pmP€diB gdedr.
*h fiows rhd G atiiiblhbl. nor only to the prcpedy but also ro olher 8s* a.n i. fie
T1.(onp r d;erue uhd,n
ptududiotr or $pply
pmcs
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b; Md;
a;"
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p.nion
sold
sa6d.1y
leNd
our sQanr.lv
@ b.
dninkhtiw pur66. Irrh*
podida
ror
rhe
spamely.
Ifrh. ponion
undr liise l6e), rhm rhe ConDey a@urs
o'rlv ir s
$e
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n
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cmd be $ d $p;Ed).
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som.
doihd
rhal is ierd
rr @Dird appEidion and
or lor
p.rtion ihal is h.ld for us "i', rhe pmdudion a.d suppl, oagoods ad
'd qu,l'1 4
nv.'rnenr Pmp.rD. t h.
6ch plopeV scpaddy in makis irsludsnmr.
3is0ifi6. 6!r
s prcpen do6
opedks
tir4ne 1tu4
ann
s.l4u. c
.onpn)
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vs
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mised
ir,o compony rroi*"a i"o re.e* ae&.mats
by mmrgeme !6 dhlineulrh h6. agrc.ned s eilhs m opeatitrg or rin c. l.e ty
of rienifr@r i.r md Eqrd. o' oqdh'p of &r
looliip d rh. tuLfl o'
'rhrim.. ts"" \oe' 10.1 aad l3 lr
pmFr6 coar.d b) rh. ssFmen
ln@m? amolDled ro P240,000 in both
,i
y6
2013 and 2012.
PrurBiaE ah1
Cant h'st
h lr
JudErt E..d. s.d b, rrmtsdne b dd nc{ish b.r*e r p&visioN .nd .oni
Policn! on @aniriotr d drtotue or oo;rmn xid discloara or .od nsen;ni
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dE.pprBrior of rh. Conp6iyt r
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bsal on hNo al eip iene xM orrrer rado6
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CoiDnu m$ss impoirndn on mser wDnqq ev. s or dr]lgd if, cirunrer(
indicdcrhd rh. €ryins anour or.n a$d i,ny mr b. rccovdabh. Tr fadon I rar rhe
co'np,ny omidos ioDodad phictr coutd tistri m in,@inne
sishit@d mdeipeifo
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Mount
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cxeds iis r.6v.6bl. Moun[rh. @vdabl. mouir is onputd using n\e hlue in Bc
apoMlb Ro olehbk MomboFe, im,@d lo indir duls*B d. iftr 3 rcr pclibl. for
rh. trh Eoedina unn b vfiich L\e Nd belotr$.
il
p16dr wlu. ofBtimar.d luturc 6h no$ dFftd b b. geddrd nom
@dinled us ofthe asets or boldiig of d inBtndt, rt. c.np y is r{uiEd ro nakc
didalB dd septois thoi ri mt ally alt@rrb. fins.ial sE!.B6rs.
tud.rddiing
6
t]ie
k)atusi k )e)dj"s
Pattd{
'flre oooounlin8 Dolicies adopted de consistcd wnh lhos of rhe pevious firancial
,eff .xepl for ln. adoplion of dE foUowane Philiprine lrlerpriations of
Inlqnalional Iitucial Reponine rnkDrehrions c.mnitt . 0FRIC, and dendn ts
lo exislins slondlrds dDl bmome
r,'!od
of NN
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.rlrchlion @v.re @ounriig for rev.nuc and iissid.d experd by mriies
rbd und.n!*. !n. onshotion of c, dd. diEdy or rhrcugh subonhdoB 'Ihis
lnteipdlon,qui6 rhar Evmue on snirudion of tual .Ebi. b. mEni-d only
uFn mmprdion, *ed whm su.h oiricr qu'riri6 s coisbdion ontu io b€
munrd for ud* PAS 11, cMtuiM conhd', or idvolve Mddirs of
iz.d ba.d on $'3e ofcompldion. conftcb
ptuvhior
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iivolvilg
ol3dic
fie coBhdion mnaiah md uhft lhc ftks
ind rcwld of omssnip are teNf.red ro rhe buy* on a @nliduous b6ie will ,lso
b. amur.d rd ba.d on sbse ofodplerion. T1l hrapEr.lion is nor applieble to
Phnippine
'Itis
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da") so
sllddce di rh. mosnillon ol prcd0crion ltimira cts c a esd md
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bhvideC
mdu]med
.l
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',\r '
,""'1,,b,1,",,","',.,".
.
5lided io adtle lsrler d rrje .podi,]gdft isll1fd
d$ts pie q@briois (6id pris ro
-s pos;rons rd sk
'niird
pria ro. s)rn psil
oN) wirho my dedtrdion t0 mNarion@!t vLren c! red bid trrd sN
rhe $o! kenr r sdion pmvides.vid.mc ofrr
curel fiir $lE 6 tol'g a rh.rc trm ror 6M sisiflo chiE. in (ouniccirqrdars
i!
th! r qmrd
Fomll
orrrer
pie
or
fimriar i'srohe rs ior rtled ir ei dive
n
Nd.rhr
tii
,,., ]" ,,, .,, ;
orar abr ptus exisr, opr oi
,.,,'.1'., . ,."
lEhiq'€s, arpr i$tr ro siuih i ndne$fo.rlllicln
p ci'rgmodeh,aldotlErr..ymr{lmioDtrmd€lr
ker
ddr ion o(ueMLte hir(d. rrre co nparl rro-qtrizs
priceanLr.irvrLk(".Dar r. pdjfin,lrcorpi]y
I qmrrs ro Bocrilior s $ne orhd rype orskl tn$s
whse use s iidebtdah whicr is tror obsel{[Lp. rlre iirii c hdw+n,lf 1n N# or trhr
ueoreoL* ibleolsha,rrinrunsrisd..opized.Fo.schktr$dion,lheco
deb..iist,eBpploprde,nqlmdolrc
Fhonciat axcb or linan
p.1)
nt tjrbl,i5 d FrP L
n' s srgory amis6 ol fimrchr s(c
.'g*. bJ .", g. * , d .va
^
or
iiarirt
rabi ri6 6d
mr
'.,,,,,'. "
d ror
,
rrd
r!
or
'.' .,,;.
rhos .oYqed by h.dgc artoutring rch
oninl j]'@q']o juhe'lh.lollo.ne
nE d*lsmrio.
Dk
ifl nars
d
ed(s
I
'' "ordd. t,f n w .,,r ui"s't.d.4so, r , re 0 r iq, .,.
'.(' l!$lsr or
Fitrs or los6 oi rien otr i d r.mr
Th. ,*h rd liabiliries ar p,n or n Erosp or fin,rht 6sds, itnn.i.r
w re
ba s. itr
e
risniticn
or
{cordrrc w
lr
i
docu
I
nsred r sk rnarge
TrfimncialiMnna r0 .Bxr.
&ri iE dos mr sig rfiqdry nodifrlheasr
or rc anarysk, lrm ir rourd lor be 4 alelv rM
Fi,mDciar
ek
,nd
fiBr
,r ihbi iLis d FvpL : . Hord.d
Doro,. ru.e,".i:',,!r.re
i
e@
shi.
*Ed
or
inq'rcd
divldqrn inFne is
is
rco ded i,
rhe ft!trsisl.m r sr nd
ii,$hE irc
rlows
or
ne
i
i
or
inf nm
scka. Nirtr
i
tr1.
ded.
ot F m th
,,$ :Lr,, rd *oe
ii ltr skknen
eor nrres *@sq 6e*r \. !.
x.orddrlh srmrrrder'Lg e
Fiia'ciar sds md iiiici, ri.bliie a! o,r*r ar I e nd ono
shErar of F idicial Poririotr if, aid otrry rld:!re si(ri.rLysJbffibehgR! i-qr tu
o,t.r th. @erned amomb aM the e h m inr ion 1o*.or a nd bEis. or ro rlilizt rlre
Ndais
I
erheliabjlilysinuh.,€osly
nancial 65eG
iidude
ffir r
fimtrelr p:ofii or ros, roris
orl
iid,s.ivxuhs,
rrdd ro,nduriry
iny*nsns
and avaitablejor
s c fir$ci.l is$c
dbsficdior
o
mcofti,e
tshr
rmrq
!y?n EN li'Edar \hichddea.hoiceol
is amihbh. s'bj.d
hishryriquidinyd,nencffidilyconlen6khkno\yr
nounrorc hrndNhicraenLhjed
$*
rusnizdl o, i,eii hd. drre All
irc otun)
Resrhr p'rchds aid
of rinada
d
I
r rsn
l,n d rt.o:lnn a, al t)tu tit
ash
m*t .
xr rai laLN rhrongh pmfir or tos
k[E arr rmf,sd]otr.os6
are expeued n
rr
Flian.irlssB arr@sinxn iiil allynrr'ii yil,eolrlE.oridcnri0fsiv.D(l',*s!olir
6ser) o Keived (i, qE ofa rhbllir
,]
n-s,r,nini i51.'4td-
,c u.np,,,.d.., a
fnrl
1
ril
rlr.roEsoirgc{lgoriesorfimicizridn rds,rnorcluflyd.s
lo)
b.dbetow.
Fin rnn/iid\ n@t
rhls mcso, inctde fim st ssrs rtd rc eltrer dsiified 6 hek ro kirc o {d
d6i3nat.d by rh. srily io br qiriaj d r,r slre riyousi
rofir or r6s rpo; iiriit
Emcnjrior A rimoar asr is d sifid ii Lhis qbeory if aoruild rcieajty roL rE
oi:,sd" q, .pdbJ m,,4; rr 4 de .d,." b
llo \,iJ.goD,q*pl fo''lo{d$
rr rhgor re pry ren
subseqftm
fti'il€q'r
i.),"
O
h
iniriar rcognirioi,ltre
..,gr
t
io onFa h-d
Rednrbks
fiIrr.iat *6
ircrud.d ir rh
.he., po,d b€'.r.o. u Ep
tra cNa
s
mrgory
p
m n.&
Ed
otr,o' 10, , d.go
e4 -'
rr4r'Eh.,,n"
d
,f
d
lls. v.li e rn cdoh.
*"i-i" * f,"*ht *-6 $ iied or dcr.rniiatih
payncnt rrrar hre iorqlor.n".in aI..r ve nartd. Ttryffis \ 'r'r rhe conpary prolid$
tre
p,,.
, ri o ts. ,rF.,rre
ReeiEbre fron csronrer a. n,tsqfatrty rarr.d d a0odiud con Elu $e eryerv€
i0ie.6r n.!hod, .$ aiy mpann.nr l6ss A y dftss ir rien qlrc s rEo;k.d itr prorl
@diyahles Trre tunoon
s*b'
Brryiic
didd
Fina rcial Posirio )
6r Eirpann.n
u!orsriinrdcsI
md rh. Esenr va
(J4
^lo,'
14
d
[dw3
,
Hdiio.hdLtrnrhvtud :
m.qidd*rorr,r.
h.ld fo'
n; .e-d-.-,r",r..",p", - 1
r
"
",s*r ",n.
bsn deGnnircd"ri,
s dE irfe€ice
n re
bdye€".,
, *j",
an underin.d
,o,
aflrr.r t, ., Trl f
a!'d,.r,".crmur'r,-;orpnr
p. rod! e
ror iictuded
ir
rhis
dmsirel
dtr
nal d
,ioni]d .o! Gin rl
n! Fs b€.n i,ipiird, rhe
nmnciar sl(mmared rrre pBo €rGof4rin edasi nows
enyidc amo! ollh.inlshrniE reosrild h aofiIortos.
Heldno,nDli,rity
invErhie[s e
rr reE
s
ob.ledive
*idsrce rmr rhr irrsr
Tl'c Company
h6
lrothbt!
roi deslsfd.d fimmhl
laruh FidLiat
6{5
as
heldncrndu r} i,rEn,nsb
6
of
AseI:
TiG d.cory includes no .ivdiie fimriar *EL rh;
okgo,), tr dd mr qur ry fo n. , s oi h y or lhe ortrr
rrey,r. oiq+ ed s Aq ,b. ru
All fm'cial d*6 wirhir this &rs
dh.Mke dL.lo..n. wiih cting6 Lr varo. rc.dsn
rd | 4uny, nd oa.ny effm6,isng
rrcr in@rn.rx6. Cai's and loss isins fr.m rorir6.tasited 6 avaitabte rorsak
arc rtognnedrh rh. Sbh'ne orCoinprehdsive hrcone wtrar rhey aE sotd or *tr rhe
t0 rheqseoriinPanno . r|eonndti(
dirtdry ine!!19 istrNferedrorhesbem€ ofco'npEheNivetnmme rf .ircumesr(
chaiE., inpaimcd 10$6 onaviihblejo{a!.q q, nn me s,remr eve*d throrgl
th. sbr.n. @np,dEDs E imonB
val!. oI3 d.bi idrurnon. assifi.d a
objErivery ara'.d b
*or dc(nE ans fte inpxmem tos va rdoslnd ir
1ll.i'nFi re los is revemedi,mtrgllh.srarn.d
avaiLable.rorsale immd .s$r i5 nnpaied. ar anoun e]npris r'g rhe Jiile nce
besen ils con (i.l ol dry Oiic pal p.y e ) ird h (Lrcd rxir €tre tes ary i'f pai're
ros prvioody aesiad if protu or los, s rBtrsfentn fou qnny ro dre sr or ot
co'ipahemivc ln@he Rek6.ls re.p<r orr{uiry indrnndr ctdsi,ied as ailabtebr
sale 3r nor la4'iz.n io ponl Revesl oa lLnp6itrr0r lGs6 on d.h innruru iE
]Mgnird ii dr sbrihq of conprcl'osiE rio n. if rrre i'Dr e rn frr v' u. of rLre
lr a,
l,hplrhe
10$6 Ecognizd oi 6tr
Shrened orCpmprctedve l'rcoNe
F*'i"*d;";L
rhd
;. *i,.Ly
ddennined 6y , ecre,ce
otr
rm r'lB od.
b
nock
ciaiasb.epE
rr,!.d i,
tedrsp rofFirareCons
-s"i-d i*]'.hr
priB
eE][ E+$ored msrkd
5id
ar rl,e
r6.
dos. of bdsims
'\r
dde'lned
D -"Ervl- o rnor( m tr,m(.i \l'
!'6naiiiallyllres',eorncdc,lakdLisedo,rh..rD*biss,flowsolrhesdsyingEr
sddreoltumKnne.
l
i
!
Nono' por'd'trg trFp,. li.'d€.1
',.o,-.,loi,o
qyi'igamou of,inaicillNds s
' lr dri.
G any,
.s
&
pr6enrd i'r rre Srarrnen ol
Thecompetryt,anordesis'Brdiqlabhfor_srteriturcial6$rtrorD{ehb€.1t.20
@
2
asd: tdtiQtt dta atianl ta!
'l
o
'l-r -d io 'atr(
,no,,i
I r!
Aioq
(
fiows Gxchdris ruur
ha,e ndr blrr irtrred) discoonrd d 6e
nhf BB.i-., E(ttecri.or rhrcugh rhe tra or er srroM trr rc.otr lhe mur orLos. itaD.
s re.osrizn
orrte r e&nk dhFime'r *kh n,rrvidurj
asds rhal
r'or financn 6seb rhar ar DoriMividlfiry ris rqir objedive .ldend hctlds
obsnanE dah thar coms 10 rlre R
fiMici"t dirfcuLry or rh. connesaly, a bErch ot
conr rcr, $ch defiu[ ft de]iLrqu
paynEnb, uobatitiry
fo
finaDcial
d.bmii.d rh,l
no objE.riye
aid e of
pan
t
nnn di56 fo m iidiv dui y asAsed
l
m(
ro$
n,(dcrD.d
ercr inctrded ii acon{ive
rpotrrg
6s$ e olimpai!'ndr.
n prromed ar flcl
dab For lre pf$ose ofacorhdiv. em{dioi of iirpainn r,
sou!.d on uc b6h or !trli .Eni1 ,skdRnd kric
Bym.
h srolr.
p rdueituanri
be
tlal.d objsdirly
pdyios
y
Eeosnized
rr
mtrrlol'rrr inpann6 os dcreas and dE d(re e
{ dccu ri ,g afler tlre irrpdinflr w$ r-oa,ued, rh.
lnpinre ros is rcle*ed by .dj$rii! rlrc . ldwor. krour
r, ir a ebseqlatr pe od.
c$
ro
nrc anou df nr reveail
neGr i'rdft co inm ro
u
ey.
be
asr'rd or rh. .d ed dnyi,rg ahou[ b*ed or dr
i
I
I
,]
,]
hd 6een ,ta ird dr has been 1 sftrred 1o tlre coiD",y.ll i, a lobseque yur.
1). ,mood br rh. sri'mkn iLnFioeir lo{ iid*$! or dke$s b.ous. of si .rn
oeuriB .frd dn inpd'Den
lo$ki'rE ed o.Ed,ed byadjostiis rlE ano* re 1o. i'npai' ne losss mcln,t Ir
,(ovded. rh. i.covery n Ems,ized tr,$e nd.neit of
ii.oh€ dider orlu R.v.iu. e.od Any
rcs is rccognibd
e income unde, .tuovisior fo.
(rcw6d or') i,np.nfl,e 10$6 ,eom| ro dE qt rfrrhec ryillg vau. ofliE assl
dos ior exceed it amd( rd cGt rv el dtrt
any;
ll tsd: drld ot cdt
1r$.. t m objerrd
noi Qrrier
mqrctd
cqn 1y
i
I
d hn vaE b{a,s is
i,$une h* bci itr! 'ed,
rrlre omor b. ftriabh
rr de t(, of.,,r3
rheanoL ofrrre o$ n'nmn!d isrlre
aai,
-
b.tw4r |E a$d\
d llercncc
pr46r €lue of*r rn
fiiu& cxh lto*s discounkd ir
ed
lmoatrc ofFimi.i,
rsss ^sro
.dh flonioE dar *tidhs i finarcizt sro gonpoffiiadat
]I
A.n!rnar.o.sam,por,,. .,r" *.
"-.d " 1,,",,d. "^r"., .,,""
obtdtr e4ida,-oti, @
r 'E
'.f"{ mcu Rd lo$*erl)and rhal lo$eyqrt(orewnt,tmsar
1a {oAfirioi ol lhe assel
Trre
coiiFny
r
npacr on rhe 6ri,nded fururc
boro€r
or a ercfp or
oher fiimciar
d.cr6. ii
mh no*s
uorov.5
€o,gtutariotr
rlE 6ti'nard fdure
ol rtre timrrhL
6er
or rtE s oup ot
fimic
al
6f6
i5 e
rifrr.rh.FrobabilryrhalIjeywit
vtrerc ob*nabte
mh
flows,
ddi
itrdtsre rhai
sr.I c .xlises ii
a
H
s
or
?nsh
iEe ir
.enon
knpkyor
manmh r
c condil o
r
t
Nd (oL whne.|Plrirrre
rn&qri$eE)Rdd(oen8r <!l
a financia
. r,l
t,tr b@r!.as fioh Ireh I ]e asd l$e eipnedl
ltrLompo')thmstrE rietro €eive.6Lr os nom,e ss
fl
d
.
oblig.rion ro piy rhen
inionall idrec qn: o
The Co'npaiy
G) ha
r
rr
rmnsls
i.
kl
rull wiiho( ndflia! deidy
i1s
rmsfsEl $hliiliarly
r$LlEd.oDrrer ofih.
risht ro
b
0
rI ft p. 1y mdo i .p6s
rdve6h
fovs non flre sda]d€dE
ad k!.id5 or,he a*r or 1br hrs neirhr
ri! r$r rf,? rcwa,ns of,h< 6d. hd ds
all ltE risk
is*.
d
l
h,.*r,.;,
h" " "-, -l *
iE 6ks 'h*
d a{ dr of
the trsi mr
wh.r. rh. col"phi hd rEirsre rcd i6 igir
lEirhq htrsr.ircd ior rcbiid n'bia.ri?lly ar
rmnsfsred odrcr of lrE csel. rr.asd ir
of, derccosnironofa
6ni$irl d,
rie diffeEm;
oi G) 6c @sids h, rceid (iE
6 m.r) sd I6J;y ;huldi,r gain or
bere.oAriznl
n
Lo$
inrheSbtmntorconIeh
Fh""l,,n
t,$r;t\
idude
rld
siv.
bdy*n
lhc
eiryiig
anor nl m(
had beer reognized d ied y
lnoN
ir
$i n n
equiry
s
E
!
'
i
eren-6*iL'g r."tr
lirr
bd'
nea,rctartui,o,zedoqsliprhr.rd,iv.,r,s,.E,ldi.d
F nancial
lisbllirl6 . e re.og,riad wref rhe ab
rcrrsile
p y b{00*a
h'.o,nE
md*
rhe
pany ro
thc.onarurr
ftpdor Finin( C66
t
lne6!b.
operdions
ing loax Bid
ThE e Ess
liad d p.oeds r {.iv.d,
ro
5rbpon
ir
tonsrer
'
rridDg or
tr t.l troe'niar al Fudttil Lnblnils
Fimn.ial liabiliri.s xc i,riliany re.osiizEd arrheir tair vd ue ,nL subseqr edty nsared at
3froniu d os ls $tlnsn pay'ntr6. ANfi2t{ on s atcut.Ed by rriie iiro mor n
rheComp"'y\ Shr.ned drCornpreheNre
'o J
liene
irl'old. i.
diyidends e.RDpmvrJ byrhesrai.hdrdss
De2casutd
l{
I
al F44tcn1
Lhbt
,-
Finaiiial liabilii* are derecognized rro'D trie S!.rdnc oirinaddPosirtonoiywLenll€
obligariors drqednsuclred e h lhroush dhchB€. can.lilzrion or expr ion wheE.r
*isrins rim;iar lirbiriry is Eprtu.d by.ndtEr rrem F sne .i * or s'brirli y
risti,s rirbliry e ilbnanriilt! modified. nch in
",'&edq,sJ..,og'io!di
.-s,,,,o. or,
.s
E.snrzd
conemy !
rht
(r
, "l-r,.
E
-^r.e ",,",
.
on'a. nramisl liabilirl6 m ooi.d vdre Iinnrial iabitiries qir[ tir.n or
dct rmlEbl. plyncits rlEr e d quored rn rcrive narr.l
eJB didty ro r cEniro
radins rh. pri,b 6. orrr ri$iilies
rhe effecrivc iireiFr e ndhod orlr
' monrhs fm rtf
i$iriries m in.rud.n ii rmid liab !iri6 it rndu.iry n yirhin D
rcoodinRdar..
h,b ,r1f co,. .
o.
ndn'orv rhbiri'ns ry? Notr er
nt t4:
shl!,,
rre?d.u
E4ur /,"rhi.tsr,
o' rof,re-Brebyrnrnr5or o$dir.
miry Rdhe, ii.rpe* srtarr€r.
g,1r''''h'' ^'
'lrrevh in. sii,'onor lo$ for the
insnnndnsdo6 0o(
bd**, rho( I old.',ol'q"', + i r r 1 r', I sr
l\llorlE
prope;ry, pLani
n" i"i,ii ."j'.r""
brnF,B
'r,i
tse
ro
iequipme eided
-.,
i,"
"1", andiron ror 6
{prr,ts
ar
mi
l6s ectrnnatddeprecia[oi
di,ed y
i]
dribdab. .ods or
ErBtrdiru!s lor rddi oE.
incnd€d
ll
.t
\
L
,t
iajor
i
nprcqNnb ad rcierils
charged ro
.xp.is *
iial
np,o!en-n' b.Io.e
rncr r
i wd ,lrJe,e.
t rrs
tur .cpiiu ald rnai e8rce
di€d or oruwne dispord or:
d i nprirm ios6 drc amored l orn E
k rcfleded in i)eN tor rtre p iod.Th.codoroIrft
are capLla
.d
rn 6( ,id fthrcd icundrd d.p ccii|on
re
.t
t
exp€
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(
id{n arti'ndeditrDd'm rok
DeD(rtro'retrDrFd h" ..,s L,eio .$ar""
i
6s.rs s fo ovs:
e
-dn, alcumLlired d€r
d.
on
,hectrFry!oti..
Jd a@ ,'i,s r,iiD
kD,'.i 'iilorred
033 kf{
ld.Edd.d
,- d i w, ., eui L,ndnd\
,,
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pu dD,a1
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-o
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i*'dGL\in$. p<iod
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,proE
t,
pnr ... ,p,arB4e63l,a.l'
.e\x!h ",.' - a1 't6rlnrd
r otr ofrrE 6s( (m cuhed 6 ftc di
.
rd ,rl-c. en-'o .- 'p-|fl
eirdi hds@siird. :l '. '
<
;
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or.oi u nor o. ir e lppli.,b'.. ',. " ' ou I
'r'o'
x*l vlri ir is pmbibl. rhd r. f € eom'iic b.Dcfil rh .ia ssocial€n tirh th.
rnvatme pmp.ny villflo{ ro IIE €diry and tll. m{ ordE invenm. propenv car be
wlue r detmrincd [v
m60rcd ralidbly S$squcnl y, invst
iid.penda appra&B or rrdn rlt Ld4r slanEd. in rh. sane btildLE edili.d L]v the
brilding admi,hn o. Tr* ctr,yirs,not s,tcos ze( ii dE nathe or lnan.i.
po
r l4 ' E pErr'ns ' d r"r onotroa r.i.rTo.li'gdd',5.-tiu e
' 'o '
e,yg,r.o,r|..*"tri,er,,".itr",aduis. tr ,he ran tnrle s ,h. et or ii!6oEr
prlF3dy
k
udr,rn
Msnixd ih
lermflrP'oel1 -. *''
irrirnedrii.ry
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1
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m f![ E fto,o
d rch.nr or disposal
rd
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t, ., rh06" j on, "
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r tos itrr
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P,3 ilrS rni
iodoftredienenro dispou. 'ror
t-s Pnrbiots did ConfinEori$
Eom'nic rc$tr rcs aid {h.y
o(00* isy nllbe unen
..' be drimdd
!!en it rM rimlns or mou of rhe
'llinbly bts lion the Dtrrnr ora .s,lo'
i A nsdi oblisarion
{ir,6re , tu cponitrs d.r. Lududiig rhe stis a
snr od'sn on. A,y ,€iflbu s dt lxp(kd 1o &
e
numbnofsiml obligarioB,llE
rndu of
lltelilDod
E retired D,oviston.
rlDr o rfor!
ww
ic
rttrto
a
lUc cquiredir$de enG
L' tdd do
,
rhe. ri'ie
vdltr
edo[.n,P|."aBjlds?,n,
,oniu,
p6a
d;r
md .djr nid
b rc'r.d
rrre
curc
h$r
d6 gdlons ir dridedl i,,pmbable or remok. or the anou ro b. provided
nasned eLi,hy, 0ri,6iriryi5i(oBrizedin6ettr rh n emtu
ror
carn,or be
Probab e innows 0f {onomrc b€rcfiG
a e considered contiDgenr
h$E
ast,
rnles rh€ pdsibiliry oI a, od,loN ot trsolrA .i,bodyng eco,om. b*e[E is
ro'iorc A co(iis.n df h trorrlcosriz.( i]rrlE lmtrh n ortr. b( di.ofr
ehc, xtr i'inow or*ona'nlcb elib is probable a.\?. r{rr /3r
3.6
R.ve ua oth.t ltmnt! ml E\ruN
{ rlt relti,re sD te rcli.bly ne$nred, ir is Fo[,bh
will flow to tlre Co'ipaiy. r'd rlt Ereiue iLrcuaed or to b.
rnamn rcliab! nr folowinsspEilc (og,,i(lon. iteria nun ilso be
dr( rlr (ononic
n.urrcd
Bi
6c
i.eopit u
b.E[!
,R,/,1r,.oru Reysn!.Irc ssd
{, DiTqi'
D'!p! ria is re.ostr
Rrye e is reac'r
piYne isshbLi.rri
ad u'nri b edo.dEtnnor
utvrln
Ndk a, \rhaliot
otitvt
,. ., .. ,,:t ;d: ,.. ," pq.i
ltr hi vllueofconstdq[ion reaiva]d 16! yahh hy
.dr,J
,fl!,6. ., .'d.d r",ua, g , tr add€d,. \ r,
,.
fl.
Rcvsue is,r.NuEn by refererero
.'
^.,
toe d)d b?!h!2 R<osD
diln
ion
dribd,h
e
ioD
ollft svne
or d rhe dd. rLtry tuE irtrred. E(.pr ro, borrcvns cons
roqd, lyinga..6, irr,in e cons r€ rcrotrcd on r r eo ui bisis
10 dr le$e all .hk a beElih
6 fimE Letrsrrd e prerntd as
ftcivrbl. d an inod .qu'l ro rhe Conp ry'i rer iNd'nar rn rLrc reN ri mre i ro ne
rrN.s wiercin
1lE
conp.ny abnnntallJ, rraNrds
c o!chsifi.i
e.
n'bn.i. ydlrh.rnk!
ixres. drcoryrch.rnve
dd*nir{ yrdh-
Th. conBry
,tr fEngemmr is, or
d
t.refiboaovneBhip
hrco'ne on ?
eiaigr
tine
m aix i te . bed otr E
r .'lllln$r ot 1l'.
fasprcifi.$eroi ss.6 iid ll\t ddng.ner.otrv.ys
nr
Cornpiny
Hold
ip..l'r
lciss ir.
/Stu xorer
t,3 Fnhdiaht
i!6ii.
llrl
/0,t
an.rt)
Funoian.t dtlt Pt@ndtih
rha
prlm y
economic
Thefimrialid*E
Dopqry ro irs
Fdtisl' dmkL!
r
i iirc co
r1Rdbn!
crn'did
in whi.h rlic.triry op.E16 (rc htrdioi.l cumi.!)
stroprse'td h PriLpDirepaos, wlri.h isdE qomDtryin rdioMl
,yirom.d
TlEmo,nrins eardsordEConFrra!nainhiNdiiPhi ppncFos. lioeie(oaic.
oi nl{Jt b,,n(
Jrrc.
d !.
roEisn
nrs.y t
;i
.ri
o.igtr.
.
"d' 96n
$,rsn,, e,,1L.i-,-.0,rir i.f skF a. o';o,pr.
he
-r-.--,-!
frsk di
ErrB d iha&- - F..", r^ h,*.
Pm de,
rc,
d oq"g r.
Rd,
,
4or"r.db,
1r
6gr.,1
usr dinH"
4,o
" thr"dodor qi' .o,l^e,
plar{-B"i(rnhr{
nraiat rn&'.0Ir
.om$'.lrnsrr pGior tu l. , oi o e ,rio .. , ,6J 1oh ,.tr..0t do 0
'o
Unda
.hceU'eCo npau do6 nuihav€ rorclgn
to
l!
r r ri.y k!
ecrlotrr.
tdttidb'toJNltrirdr t 44,,
ll
inFioned rqrins tnhnsib I
,o i "f
!,Fd,o'
cd:
L
+ iP0qr a e s,rrjed
u
,r,{)
4l'6,.
".altro,uuiin
indicdetharilro,E sqi,oun .v orb.rcn!erhE I
b
nu h,e.
l
ForpuLpossof,s$srngimpaim ri ,ssB
gmuped d
".
.rc spadery id.idn.Lrl..ah 0ovs (asL c.mErirs
rdeitndlvd$rLy.orTeairnc
Md
$reaernedd 'nir)
cah c ddiigunir wel.
,or.,
ralle,
iefl{l
ihe Lo*sr teveh for wt'i.h
A5 a Eutr. some
londiriou l6s.ons b sell. snd valr.
'g 'nmlier 65h now. r
eYarudioi ofdis.o!nbd
rh. .Gh.q!do
iti',!
. ...n.d,c
^.tr.i,i!-ro
ii 6q b.*d
m
th.r.
6sr re
aD
,
jirhm
utr r
i
{ 6'r,.1''b 'ry.,,r, 5.- { fo' not'.ioatrd(,,ins
..'' ld 'r€ r. \trc rnod or
l, lo,llr
3-ta
,,
EnDlot.qB.nqb
\1, t
o) sbtrtqt
,,t
no,,'
''lo$
I
Ii
l!
,
RartJit:
hr.od.dewrl,1lrfl
ovlsio
sliiulory beneia piid ro
rhe
sorlleL.borcod.,s.conrsl.yp,ovnes rih
,!E'.P4'ols
m,300ro'ohr1:r
empioye ot the cd npary
dr.-F.-r
a
no'
s
ro P{3,632 Md
ens6intlrepion'ii*hichtlqaeincuEd-er(pt
ie epilrLlrd Borc*iig.J$ r a ;irc.t ibukb e ro llE mqun rioi.
or hrodlorio ! oraq,rliryiic.i*r(ie. ai ss.t r16 h[es isLbnania]F odor
rinrlosorEidyforilsi'i.dld0*or$l!)aEqDihLnedspi olconolrcha$.1 TIE
*pitalialloi, bfbono{i'rg cons.o'h nste wrrsr.\Fndl!rd for rir..sd and bonoNiig
sbnl
&nnirdioi
ro rhe
rhd rhcy
consa.b.il'gi,cnrcdaMmllvirksth a e ieesary ro iprcp?E rlt
c.pnrli, io, .e** wlur srh$n,lir
ohpr".
:
,," i,,
,I,tt
i
I
I
I
a$el ror ils
ftided
l
l
j.
i,l
:I
t.t2R.td
I
Pttl! ttdttddi|
i
t
I
I
P'd6 e 6is'd.rcd
l,rs rllt [b,liry ro. d' (Lv o,
onxord 6+e -,c,, nG rinria on$,re mf, il ,Inc .itrrr md
dE*iotr re'lie! ac a\o.oN ded h Lc E,.a f,h., J. $b;q b s,m,m
@hhm rishiidd hirEne
P€tdr p€a, Eta,iorrip"!e"
{n.i
sr 5- uF'
tro' itrr,cd b.o trL dd, .6
'o o, o.r.
.r'll 6'6endo,,lnr'oloe. (..0q\,,o..
o,".db\po'i.o.
"! .paeftedaparorLoaB
rctrew,bL.arl8ly.Advarcsio?ffliars?d/o'slRrelroldeis
mdReeivibl*inrhec.np.ny\Shtene of Fi'umial Position i edrbmriisad*mes
tmr an affiti.re ind/or shaEho dss 3! p.64red pdl!fAdvanfts f.om oll( s ari
rnMclioB de$(i rc
ed pa
is a* *-i
r", d 1,,',l""sh p,"* *
"l
difts i, mdm0n
& y mnpalirr. mn{d ",
tr*
!l
.{d, giiri
,.ru D.r
't -\, o|e p'ol' ro
6 d e- o' l'.o'l're
Co'nrrchfls'* liioi e..a ,ar' /. /
.t
fne. rl reeonitra
.r...F rs
DUFor!
Ar,!r, i:2r
'') hnlu d rne.,) dr-r
er
I
,.""s*"b "t ".ur. "lp".q an."- ..,,'e
h. y-. i-1tr{sr,-01 o.
Drr,@ s.)''bihi.
,+'rudrio$ Dnf-d
i.q
difibreicB, diiyro,wad betrefib or musd iax cEdits I'bn !$ss mirihtrh orp!.t.
ii.oi,. hx (MclT) 06 eeulif m polnt inco ne hx (RclT) od tr ffd 6 lo$s frc n
reropedi'rg lo$ stryove. (Nolco). rortu Are n{ir s p'orrltr. rlr{hrable pmrr
ed,di6le c'npoi:ry dinlEms trid s yfo!tr(
xc.s MclT olcr RCIT iid rtrdcd rtr\ lo$s rioBr
Nolco drbe$ilird D.r trd hx s(k ad liibilties e n rEocnad wlE, I
and. nr rt rirE or Mnsdior, are
pmfit iDr diiable pmlir o los!trder llr b,,r. srrel liabiliry rldhod, will, -rlatr
.x.eDrios. delerld rax liabililiEs a,c rN{ad rorrira\ableien@ y diLeEies.hd
a-ti- ,. .*o
u rt.".mbIu,u"d,.rose
tnxable
ptofirrillbeasl,bleasaiNwhicLr
'les'4.rlai1.p.blbh!'
,,,1.
,lFI
Ille
ddsrtd id6nr br sse.
si
be
di td.
i r -'rhti e.o1rr h-nri eoro!.
,l
,
,
'
rhe
pdiod
yhq rhersr
is
o trli$i ryidhJ,bs.doIr
rearild
rhd have beenrmcr.d o' n bnstriv.ry
.oa!(ed
rhe
rcp{diis
d
ddafdh\h\ys
e.
DeLnrd br ]l.briri6 ,E ror pDvided oi noihiablr lernpodry difa€i.es .ssociadr
wirh invsrne8s in $bs dirrd md !flr i&s
rd B, ihhsr,,,na.r.J ipnd',orh.drn1i
r4f . r,e.,n!i,3 6 o,n of rr. $.a * o,sl ..- o' .al.. Ho$e\e,., tu1 |l. d,F,, t
rbj?. . to 6'6' r\qhe'tu!e, uill b. irc.s' ui o, rt o'
Dd.
m.dured usinsrie tair
velEnodelif
rAS 40
r'Ne$srqiopdiy, ho.e riis inrrcdlcs
d. rh.h..
o r rs".mr odd.r.,.. t. .
riron mkS,nenr orols! nftard d lf, r {,!
dpe . ir ll'e Srar'idn or co
r,so..-,rd.,rr{'.oa.taB"
Ar each Eponi',g dd!. m
Jd
prhemive I im
E
"
r*G or
.F i h. . geobq'!
r. ,.
Oily cliqls* in d.f.,rcd
i,o'
qen.nl r.is$s$ ur{oghiz.
r lq", olde(ol 'r ron!1/ h)'r !.s'ho ."89. irnbe o o'o .f',/
d.br d\il,ld. tr r,,n o,,( '. r-. ....rd,1tr.&1,:rr4,!"/ol
bid.d e' trisin, +m E rir.?dhtoaidlsr'-
w.iglted drs. iumb orodimry sliars ot6hndiis dun,g die ye": eichdidq
r@ury sharci afd.d rslcd for rhe.tt{ls ornlldillrlve roreiiixl .oruof slmrs. iraryl
rhc
LD
, llE b6i.
,ri".,.,.i',td'o
dderminini bo
o. a",,J.
f
croiralso.[
i3
ei,l dihftn
'd-i.,
eri
deri'nii.d rsinsr]E nomirlv:lue olslDrs llDl
h,!.b4,
xmd 1sf.,M//
11t)
irl
Addilioi:l Dli ir GpihliLtlud$ dy pronn s .Ei*d o, rlt iril r ismrc.lordpih!
nock
Atry
trn$diri .ods
sddl(lonalpald-in capiral, nd
datd
sociaied wirh
of.,'y
rlre
{e(l
th! iss,atre ot srDA
i'r.oNur
con or reeqni'in!
dr@n<lktioi
'll
rc
ofrhe
bdEfi$.
dcdrbr.d rLom
ae ndd d
I
rcr ri
c0np y i o*"
.t
T6ury dEH
t compEheti. h6ne oi lrr
lqtr iy i'$tume . The compm)
Ln€rid
s;ih/ ss itrdrds a[ .rFisa h rturid varu. olrre Av.itable for.$h Fi,mcnl
0rr aE r!16 dircdty ro th! €quiry. nr. Coupiry hA no 6)arciat sr rlmr is
dlEsified Avairrbr.forsa.
as*
ReEluatioi res.reA cohDtue ajns d ldss dn. ro th. ivr ruzrioi' nf piopetty. ptiit
a s(ts
qi'Dnsrand(dain rnmc
Rebined
*
rilss i,rrM.
Ptiar Piiad
crffi
,rL
psiod
d p.ior
'rsnUBdslosd
tu
n,r(
ai d
dneNor
rCj^hEn^
ai h. ii
rlt iemeriro\ nssEocd, pe*ddion disddre of
t. Pore nlolrcit p. od dB6 iG.dwrld ii ilEr ptriod &
s ue etrt,orird 6r isse. lrowever,
{i8t {106
'n dh i.
ub+ J P. o'l hl ,t{ € p,.o, pfl,od
o,dhr n rr- (oneaE.n-,,Ttr!.io' lr!fl a i, ,tr nr\i"t
EnoB
rcsp{r of
dlm?ibdfFmncis natm
ab6.quc
rr.iod.
i
crfrc or I ic .u'ir ]dre lller of rh.
ttF .c od.rFci,t! ! Id, or ihe .,o, o,
pniod sp*ific
,ffn r.
-J,,t '*3kT.n' or .
oeri' b,,nG o.6eB.l,!nrii4
i, :rD *r atrr b ddsm r rt"
umur ivc .iitd, d rhli begrmiDs or Ix .urtrd pdiod, or ,n eror on at prior p iods.
*hrc cnrofrh. lomp€aiive intoin ioi ro n{ml rhe q.o prlsp{r v.ly sl[ be Mde
g
from thc
aniei
dde
p'
el
.aUL..
t,t6 E@s q/r*
k. REdks D
Ev;h rlid
rcFirog
rhe
!
rsonbL. .nd srivoDbr., fte o&m
aNh., rhenmmiaridsrcds . a,rhodzd ro, sre.
dare a,e those evans.
Comp ,y adj$trheammG Nognized in rlle fin.n.ial idanmt iorcnd.djr$rirg
s an* fi. rcpDditrg dde. lron{djuninc mG aE lor recostr;ed in tl,e finadirl
nddn.rs bur ai.dirl6.d in rheNors b l: iLyi. iar Srat'n.nk /S4ro2 r7)
The
ek
cash inc lud. rh.
fo
rro{i'rg .ornpon.fls
rcpEd s deposit ir local h? {r wlrici are
rdr u* itr r€fi op.mtoN conp.ny ,h,iir8
of o.Fssar) .xpeNs of'he dnpany
Bmks
u
rBtidal
and immeiiirely
I
i
li
I
.
["
i
Ad$n.6
rd
onicar & e np oyes
,i
x(ah0,,]".6.A
tri,--,,k
P
AdBic* ioolr 6ard.npro/.6,ro.rr
wiihin a Bodrble period or tinre
Pr0,000
cpBflni'*
rmordiq
lste Nde
Noa
6
lo
t0
P 9S,746,
4
trd
of idy ,€s lon
-oTHOR CURRENT
tlt,83l
adyrn*s foroptBrionsIlBraab
ue
liquid
ed
ld.- b) ',.ohpmr a,' kq.4 ! 'o ri.rl.
Rft,r6. I'or ir\ I'
the
laGr ad.
n2011anognri,AroPr6s,054
ASSETS
PEpiidincomrax bxcr€ni6
FL|I pm;ision h"s
b"o;,"d1rD rolo o.lrre rccr
ir. Prtpoid mone
rd
NoK
7
e
e\
e$,a\
creLl
nu d€d riapplied
c lro i prelioNys6
:i
PROIERTY AND EQUIIMENT
Arc.on.Ld'oror
trotri"a
outrsd
trLqh
sJrd
pmp.ny,id e{uiphenrs€ shoM belov:
l
I
d(u'ntrlatd depmiatiotr or
.,',;",
I
1
l,
i-
Prioryer20l2,rh.@npaiy$ldotr.otiisrullydtp'ei edoii(equipm rBulti,s
on *1. afrd ri'rg{oP]l.000. (tuNak It)
prcE.ds dd gri,
airrri,npinnEr tdiisaM vlEtr.E rhae
loss w.rc rcosiizel in 20li od ?0lz
indicdion of;np,lh.n.
Grrriistr'alusselpmpenya equip,edelowrrh rh.ir(mv brrmNin
Prop.rry iDd
aldipnenr
e suLrj{r ro
No imp8im.nr
andqulpme vs
pledsed is
ollaeol
1o
oi,
Lo.n
Th.comprf,r'6 n(nmh' ompsry cotrtru uf'h.
lq44'i!r!!r
Flir ulLE rdldnE
i arft rrl
,
!s(
e!!
il.rLa,Lqun.on6o o?o,!r A,i o.'ab.
s,ch pmpdr,nn .d b p240,000 ror borrr yaLs. No $n larue sains r@gnDed rctared
{i,r h< hnd rrrr )ed r0rr s d,0,1
F
I
(o.nDri
odo tr,, r ov,a br "
o'doFi' u' Jorc AnDro'o r p' i' Mrldi, i') ,-1,'.hdld,rt re o, rhl 0 Jpi,\
' at odoberlr.20r:,lrs.d
d
on rre laed sRt.
ii :0 2 edfied by th. btrIdirg
dr
NEb.+ d. vr n,r' r^uma
Lrd.orPri..9o.ooo..
Pl 034.000 rorboirr
:0ll
ind 20
2
',,
r. mo 'itrde
n b '40.000 pe,
rv?flor8
de a
ao€n fEfl rie
pro@dy
i non sroP
"("*, -, , p.-1, . *."
/,
ra.,sr*or.hr
bdwee, dE
HoldiBs,l'rc /v?,tor.70l) Atr
Corp
ry
and
s
i rc alin.orn.
tol]rci6lnen(proFnyano|dedbPl3il.44iep]3,1,666
y
''iis:siirs
Nonoorhyenme pDFdy
1l
rhLial4(i@
6Ec orrhe fo
!r
h\
?
dG
,sso.i,|on
ponion olrhcoffice condo
p edsed du ins tlre
hw@
i'rin
beiip
nld rn
ir
yqr.
l
rpB
I
i
A(nei qp€tr6 eNhr ,fly
ls@,/ro Nok r, r, n,xd
t600
11360
or
P266,2ll aM P250,21r, resp{riv. y.
NO'E
IO
REL{TED PARTYTRANSACTIONS
rhe r60sdiois or
'lt
comFry virh Ektd Fd
*
]41o,*iaPLe6.Agftrdal
Th.
Corp,'y,. rEdj'oi
and Holdii$ ri.. larsHl) ror d,e sFc vhee tlre pr
co,npaiy is ldc .d rss xot ,V. The bmN ofrlre co ftcrqriE fie Conpaoy to pay
monlhly dihl .nou(lns r0 P20,000 ]n. conhd rnands ror.
bdicillygilho(ei[,rry s g',ins r mw mdnd orl.is srd.hznc6 on rh. o hly
s(ririe5
l
i
,
renhl depaditrg bn
momi b
l0-2
AdrMA
of both pdiB. As * rtp;kins date Htar €eivabks
pd of Olhq Rseivabhs
N6.n.d
P99,746 prcssred as
bftu
dkt.n Pdt.s
ldvndta afreB
The compan, avaitn of ldv,nB lmm ihe Bbt of Mr AndB LD, sr, a demised ofiier
bc
kins cpiral E!tri(hmB
of the Com@ry. dd amliarE ro'
gnil.d
yeu,
ad
$nc6
ro
the
company .mounriie
M r. FerBE Lao
hs iiourcd. DD ng rh.
aor $c
.nded
Pr,797,6r6
6p.div.ly.
The
dehils
of
rhe
advaic6
ro P969,501 and
*
dr
ytr
Ocrober3l, 2013.nd2012,rca rollows:
l
ll],323,32] C6h adBne nod
Mr
osuidins
trD
A rcrl
balan@
-;rwdl
Lao
ro 20
r
Sr. bem
iitFr
r.I]jeultfl, m
al rhe dre of lov! od
agpment
deid.d
onun bsed
ro di@ndnue
on rhe
@rujns rhe
ehrysh ofthe Compmyt
Adva.cB deiv.trl duns Yets 20li .nd 2012 can. frcm Mr. Fequs tft. sEh advlic6
d. non inimt 6*ing! no rpayrneir ems, bear no ew4ry nor ollareBl and arc due onlv
up.i dmlnd ThBe adwncs arc usd foi rbe conpany! lo&iig capihl Equnemenb
*hil. auaiti.s plds to rcviv. rhe Co'npmyi minin3 ooqatioi ro mdohriz
*
md ErchaDse Comrnission 'Fr,,,.tor Rertui4s Bl din
xa 6" issued Aprll1,2012, tie compriy ralEsified ib Deposir ror F rr subsciprioi
flnou ins ro P2,021,749 ro Advan.6 fsm Stookholdds litse x,t 7 a 2)
ln
@dmce
h rhe S.ouriries
Adwaf
M 4qrtiaft
advanG noF CTSHI aft noi h dE io tlle company. fsse IDr,
10.3
,goiisr the
'enhl
inom
hat
I
MMagM co,'p.6dior
Dreb@
my
dfise1
iiu
form of
s loss inor.d by rhe compmy, the man€e,me dccid.d id ro pmvid.
onpflsdion mransemdr t all .rouiive om.m of the Compan] lor rhc l$t
Nok
-mfiERrNCOM0
I
'Itis a@unl k brck.n dowi d rt)ttow\:
\a';
l
wa rc..iY.d dri'ra E you'
ttu
rlE
i
12,
t cunnt md
D.tqd
"os
Tte imncilhrion orbx
!xpa$ aribmabb
ro
oi or.bx inornc.oripL ren
@dinlins opoerioE fo eB:
I
I
r,i *ii.si i,*ddld%
,l
{iie,jforothtrrccidEs
uircdLd
grln or f8 r
r
urion
xm+ddU!inr;tr*FNr
;
s, h
i
Pdk
-
i."
F*, *
ch,Bs il Elilr 0 srouN!
I'
Tli. conpanlrdid
ov.r (Nolco)
it
Mi'inrn
rr.co.p*1"a"r",,"a
pmpdy fr4
,ot
I
hx Nseb oi ri. tFlabd Nd-op.Ering Los
co,porare lncome rsx (Mctr)
nornicbenerb wiI iorb.mtird no:n rhen
tror Ecosniz! defercd
r"
I
;uiriry pcnrtn,
3) and is brcken down
6
ro
o,'aue
follows:
c
''a
202
4,626.000
t1,626
P
T
,i
t
626000
ltj td.arikrPrhhh
I
!,
rn,on" dp,;,bksro,,oF :.)ot. .p,eyd ni,inutr o,^,r
.c'r orr de i'co' ' r. rPr.t. s;.0, ,
comEiy n nor subler.d ro RcrT due ro rhe mnriiroc
loss rtrar
Holever,rh.yft*i riabtc for McrT s d.fiied ud rrEtarcplrdiln
t2.1
RR
eqehr@h4 itam,io' u dtlptidnu w
\o ro
^0,r
p'*!.k t.-..,
{
hRR
to-trtt
Btr ,o tr ,tL, ho,.d b. u_@'ao
!d irodifiB R?knu. Meho n id ur
Novembn20Ir),aEqtriBl tsdtrtr€d
roft iid/or Finarcht srarh.nts t][
ro rh.lmonre
h,trums
is
in a
tifrt..dmj. d.d
rrT+,,'d o1,. nfo",., or p 6.,ba,o r oiil0ed ir
'tua..d
nem
ad dlnJ.iol
1Iq,.d,h
npco, p,Nl
't
F
6. res {poDe{moe1..50r. i.Lbr.
srtdR,ui nFe6
."*t
I
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D.ddtiont
Resut dl,1 ttav a btc
conihun stlon,
sada
d
x erna d D. drc t ia
Lislir d w .r
^
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ThiiinPs ds!ninG
hl,Apod46iiidtrstl
\4dr"ss md co'ftrcnc
hq nqtu 4bwd.
htryPt o.detk6
j
I zt
Sltrl.nanno tntu dion
YtT
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nt eohpfione ptth RR
i
vrobh s,r.r8ddrt' 6110rl
I
2.l0.0m
Puctusis fir
ft
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DoidlttPmirs0rsdb*
3l.rl
tur cJrc omtn6
rabr ArbtrfbF rnpd r&
L.s.^Fr+dinorlnprvArtuo.ot,.:0rr
Aldbdbn
ad
vAT Prpbh
tumit.m
vi
'dl
of r'iFr
var fu Ns. 30D-od 20D
(orDrIn.
rlor10!l
Drz0l I vAT Payab. (Nd. 201?
nryrl,l. (,ird v!
.o bt qri.d
t
ro
0d 20ll)
?0111
qT ,u*
r-- !r.rq,
l'
I
t'
I
PmrBs
r[.
for
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c*
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i
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t ror-Dr
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rr.!A@rid{,orl
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4
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:']
I
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I
l,4lm1',;'
*.mpiior md h$irion,l
wnhholding
hx (IvT) fot rh. p.riod July 6 to Dmm6n
31.
EJrdiye July 2c{3, R.publi. ad 9504 rc eprcved girins corpocc hxpayd ao oDrion to
clain irmiDd d.dudion or op orul 3htud d.dudion (osD) equivalsr b 40% of gio$
sal*. On c rhc oprion ro u* oSD is midq ir sh,ll b. iftlmeble ror rhe ruable year fo.
{nich rh. oprioi w mde. h 2003, ln. corpsy opi.d b onrinue claining ihized
25, 2010 $e BIR issu.d R.v6tr ReguletioD ls 2010 b amend ib R.v.nDc
R€uldions 2L-2002 Seliotr 2. The r* res(lariotu prcsfiib.d thal lhe Nores b finmi.l
skremenb shall include infomaiio. oi Lrcs, duli.s md lic.i$ fes p€id or Mrued durins
ile bx.ble y.tu
oi Novmbd
on ocb6u 31, 2012, BIR isu.d Revenue Memo'adum Cinh No 65-2012 *hich
clrifl6 rh. iMbility ol asidion dus, hembe6hio r€ ed orher sssmetr/clalg.s
renanb. For ex purpos6, the
ollded by ondoniiim @rponrions etrn it nemben
dothqmssmenrch'ndg6coneed.6yaondomiiium
@eontio. 6n$itue in6m. paymeft or comp.nsetion for rhe hsclicial $rvi6 it
proids ro irs mmbeE a.d tninb. Acordingly, rhe gros E@iprs of ondominium
mrpoBrio.s includins Esciatioi dne, mmb€Bhip res d orh assmot/ciargee at
stbjet ro vA'I rd Income raL md inomc raymeils mod. ro ii @ subjel ro applicable
{iihnobidg Lx6 uids *isiing regtldrions.
r 9, 201I, the BIR isuln R.y.nuo Reguldions No. r9-2or I presfibiic rhe Ev
Ii@ne Tax foms $&r will b€ usn for Inome Tu Iiling oveiing dd shning ehl C,l.nda
YEr 201 I. modiryins Revaue M.momdun Cncuk No. 57-201 l.
oi Deot
NOI'
13
EARNINGS PER SUAf,O
Bsis mings pd siaE
e
@mpuLd as
PBiitlLsr,lhrdlo6.rtr
(P
(P
t..tshot
follo$l
(r
S4rl)
Cdp dt
Tt. aurho -:d capibl slock or $e conpmy 6si.r! 01 5,000,000.000 shN eith pr valu.
ofPo.ol Fr sharc. Tdrl nunbeB of shtus i$ued af,d olbhding for 2013 md 2012
mounc b {,335,743,700 lor borh yu3 qDlv,ldt io P,t3.317337.
11.2
IwM
n
Anlhonzed
Cqlht S@* Mtl Sloqt
Rlgh9
Oll.nnE
dlary 1. l$q fi. st(kholdm Eelved ro itrc€* the complnyt luriorized c,pl,l
stock ton P50,000,000 divided iilo 5,000,000,000 she d P0.0r psr $lue p* srEe
Pm,00q000 dividcd ido 7.000.000,000 shac wirh rh. srme pu value. Ou! of rh. prcpos.d
On
b
I
i
l
I .,1
I
|
D:sl
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,\d333\
P3
ll
ii
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q'b..'iprio'j q i\- tbr,. . rJ1-.orr!"!ooliu'.o' fo.+-'n.'- r , dho".rd 'ird@.rt!,l
5ir I .o Ll
!
of rhe c,piul no.k ws dD4.d fmn
p70,000,000
P50,000,000,000shsBwil]llf9i
hl
rponlppor. J rr
io
p500.000,000 d vided
,
i,
o
oco'dda nock rshEofferof l].lt4,r7t,7l] arcs
or{o.k*irhiprvrGotp0.0t p shaEform,s!rs .yitueof pt2l.14r,7t7.l] rorrre
sb.kLroldes of Ecord s or A|lil l0, 2001 r,lch Nill so0rc rhe irc€4e h rtrlE iud
.,pbrdockorrr.conp.liy
s.aid rb*rib. firc(5)
\d-ro'e i),to().1 r rd. or(.o'
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re.
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ts.
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e
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ipprcved by rhe co'npany
Bo dolD
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n aid ro D ovid. an ad
iniriary phnn.d ro b€ ?ddrs.d ntrush e prcp.*d rinsse ir rtrhoEd aDirat
.bck by my ol no* r grrrs offa i,q {d conoi
hus nss o di5clo$d in ,r',u / od ,.r. B(aus h6! pkN *d*pproEd by rh" Co npi )y
Bo droU.shcrv.d h, mdirsrierdon May ,20r2, corpeym
iscur rlr
16
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pany nmkbotd.G
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arrd
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s ro
l:
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o
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'6olve
rhe risk by
r1'.oir*iigoaftckishhasdkcs*d
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r.d.o..€od.trdid trfi
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whicr' k rcvnv.d
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p{io!iB[y, bakd otr rh. coi$ r\
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e8llarLy ro prcvld. rhe gaB Rl dirkrioi tu 1lE iiwr fr
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iirorcoirmdol dsewth ieolirsamliaresro rlre !pm. i[{e iE
ded aturrv,r.3/. rE bmtrof rie.qitact4qu rcs rhe
co'npany to pay monrhly tnhl amounline ro Dc,000. Trre co acreftndsfororeyearmd
(neped aurohdi.illy *nl[Lt icllaLLy 5 giiis. ic{ {itdd ofkse.nd.hin.s o rlr.
morhLyrcxardepodiics r$Ntroiboliprnq
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ered
I:l?t;ti**'"'""'"'','""'""""*'*'*',f',
ti
l
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rcrsya i{osnil m ii the rompi,rrirc rini:. r {ddrc s
1
isDri'aopiiioirhatl6sd,iliry,Lharnay neronri*mnnirnarsind.orjigqrci!s
rave a ,nrrtial c,r*r oi i. CoNp ry\ fi rarcia n arctu
uirl not
Noe
19
- NOT,S TO CASH
rrowi
adiyi.ies p.diinilg to odvdies rrom
P1,797.6r6
NoT
2O
oLlG rrsr xot
ii20ri,nd20i2,r$eriv.ry
- trVALUATION
/0,
OF TqE OITFDC..S OF PFI(S 9
Anin.lyshof rhecompliy\nnarisiFsd! drrabtrr'B
rsr i
Tlre
6npr
y
do6
nor
nN!
hrv. fitr Ehl
i.,
T,..orp6try! harh.trr
orfi
mrn
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li
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no
the
.rTal
compmy\ limmial srsk
$d compmyt nnsdi,l
otr
1l
i1
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lr
nounri',s to P1.010.601and
KL Siy &
issociates
Oukourceit
(8PORT OF TNDf,PENDf,NT PUBLTC AUDITORS
To ACCOMPANY SlC SCIIf,DULES FILED SEPARATELY FROM TIIE
BASIC FINANCIAL STATtrMDI{TS
retro"ry, r.r.
-ri& I tco.domrNn.
v.-ldt
AnoMlo slE! lirstdi ci9
rrrrno
lr.i.
nt
-
B
finmcisl st lmeit ol Ill.nd Inrormrrion & Teh n Dlogr' Inc for rh.
M ad.d odohs r1. 2013 (including lhe comparaliv.s Ior 2012), on *hich *. have
;mderedouaronddedF.b,ry I2,2014. Ouraudit!6m.defdth.puPoseof fomin8
m oDnon on rhe bdic rjn uat.urde,E'al.n L : qhok'nr,lplkrble .upplmdbr)
c.hpr] A or odobe I l, :01r. @ned bv th.
*r,ei.t* a* ou. a *t*tr .
Ve
have .udiied ihe
"e
fu d l}. *.
anamh.
ron,lm!ly* r'd
tu5sts. Ite inl0m,iol u "rh
i. e dnof
suppl enbry:ch.dni.s h6 6e* $bj.dbd ro rh. audnia Drd..durc,
'ppli€d
m;iGic fiiancial nat ned 4 in ou opinioq h ranly natn in dl mrtrial rcspct in
Er ini in rh. bsic finscial3lllemqis islen 6 t whole
BoA A..Edihrioo No. 0664
ElT.diwn ilD@6b,31.2015
sEc Amediblioi No, 0201-F
Etrdi€frir Mm6 12.2014
i. a-.drH-,N.. i.,oia/om R
Efii:.riE uriL
r;rB
16"2017
/1;.<L< ,,L
rrrcrrnn r.stY/
CPA Resishnon l{0.
at3l7
BOA Ac.rdft!1ion No.
Efidivc
066 3
[rsmbs
31. 2015
sEc acoedirdioi No. A-6-10-A
EFdiw uniil Msr.n 12- 2014
uniil
rc Accrdnriion lio. sP iol4loo?'R
EFdiv. unlil Jonary
ksu.d on
Isnd
16,
3, 2014
2017
Pah cily
j.tl',
lJ'11oa,P.str,eTogc66mdm,EmeEhAv.'onigaEc€,{dP4'gctyl@0
KL Siv & Assdciates
(Dutourielt
T
o
ih. shkhold.B md
rhe Boud of
Direcb6
HNOLOGY. TNC,
- B vemid.l oindomi.ium,
Amoero sdt Mak.li city
Un:n4
i
TECHNOLOGY, INC.
r
I
dompanying nnmcial slaleme s
6 of odob.r 31, 2013, on *1 ch
rc ha!. md.Ed
our rcpon datd
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