Y2017 – Y2016

Amounts in PHP millions,
except key ratios
FY 2017 FY 2016
Income Statement Items
Sale of Electricity 33,255.2 34,235.6
Cost of Sales and Services (15,034.4) (13,757.2)
General and Administrative Expenses (5,314.9) (5,570.2)
EBITDA 19,099.2 20,735.6
Financial Expense (3,855.9) (4,220.5)
Other Income (Charges) (73.6) 701.8
Net Income 7,941.5 9,715.6
Net Income Attributable to Equity Holders of Parent Company 7,709.5 9,352.4
Recurring Net Income 9,001.8 9,521.8
Recurring Net Income Attributable to Equity Holders of Parent Company 8,776.5 9,155.3
FY 2017 FY 2016
Balance Sheet Items
Current Assets 26,993.4 25,490.1
Non-current Assets 110,593.6 110,315.7
Total Assets 137,587.0 135,805.8
Current Liabilities 18,672.1 17,518.1
Non-current Liabilities 60,319.1 65,477.5
Total Liabilities 78,991.2 82,995.7
Total Equity 58,595.8 52,810.2
Total Liabilities and Equity 137,587.0 135,805.8
FY 2017 FY 2016
Key Ratios
Current Ratio 1.45:1 1.46:1
Debt-to-equity ratio 1.11:1 1.32:1
Net debt-to-equity ratio 0.91:1 1.12:1
Return on Assets (%) 5.81 7.15
Return on Equity (%) 14.3 19.4