Pdfjbkuvuvuo
COVER STORY
ORCHESTRATING PROGRESS.
With Filinvest Development Corporation (FDC) in the role of the masterful conductor, the subsidiaries play in perfect harmony, each contributing to a noteworthy performance. With the same dynamism that has sustained it for over half a century, FDC will continue to orchestrate progress with strategic investments and well-defined strategies that enable it to expand and diversify while maintaining its foothold in its core property business.
CONTENTS
4 Financial Highlights 6 Joint Message of the Chairman and the President & CEO 12 Operational Highlights 30 Board of Directors Subsidiary Heads Senior Management 36 Financial Statements
FILINVEST DEVELOPMENT CORPORATION AND SUBSIDIARIES FINANCIAL HIGHLIGHTS
(Amounts in Thousands of Pesos, Except Per Share Data)
2008 OPERATING RESULTS Total Revenues and Other Income Net Income Return on Assets (ave.) Return on Equity (ave.) FINANCIAL POSITION Total Assets Total Long-Term Debt Equity No. of Shares Outstanding (‘000) Long-Term Debt to Equity* Net Debt to Equity** EARNINGS PER SHARE DATA*** Exclusive of stock dividends Inclusive of stock dividends per IFRS 33 0.214 0.174 131,338,400 18,675,610 59,681,553 7,505,725 31.3% 8.5% 13,513,233 2,570,978 2.1% 4.4%
2009
2010
2011
2012
15,979,223 2,765,144 1.9% 4.5%
21,919,047 4,937,463 2.9% 7.7%
24,133,106 4,913,174 2.6% 7.2%
29,648,874 5,787,106 2.6% 7.8%
164,627,536 25,496,120 62,367,272 7,505,725 40.9% 4.9%
180,188,298 26,251,694 66,476,891 7,505,725 39.5% 11.6%
199,957,007 33,065,319 69,543,212 9,317,474 47.5% 13.6%
239,374,758 41,951,062 78,990,601 9,317,474 53.1% 17.2%
0.229 0.186
0.475 0.385
0.489 0.397
0.540 0.436
* computed as long-term debt divided by equity ** computed as long-term debt less cash and cash equivalents divided by equity *** computed based on weighted average number of shares outstanding
Filinvest Development Corporation
2012 Annual Report
4
ORCHESTRATING PROGRESS.
With Filinvest Development Corporation (FDC) in the role of the masterful conductor, the subsidiaries play in perfect harmony, each contributing to a noteworthy performance. With the same dynamism that has sustained it for over half a century, FDC will continue to orchestrate progress with strategic investments and well-defined strategies that enable it to expand and diversify while maintaining its foothold in its core property business.
CONTENTS
4 Financial Highlights 6 Joint Message of the Chairman and the President & CEO 12 Operational Highlights 30 Board of Directors Subsidiary Heads Senior Management 36 Financial Statements
FILINVEST DEVELOPMENT CORPORATION AND SUBSIDIARIES FINANCIAL HIGHLIGHTS
(Amounts in Thousands of Pesos, Except Per Share Data)
2008 OPERATING RESULTS Total Revenues and Other Income Net Income Return on Assets (ave.) Return on Equity (ave.) FINANCIAL POSITION Total Assets Total Long-Term Debt Equity No. of Shares Outstanding (‘000) Long-Term Debt to Equity* Net Debt to Equity** EARNINGS PER SHARE DATA*** Exclusive of stock dividends Inclusive of stock dividends per IFRS 33 0.214 0.174 131,338,400 18,675,610 59,681,553 7,505,725 31.3% 8.5% 13,513,233 2,570,978 2.1% 4.4%
2009
2010
2011
2012
15,979,223 2,765,144 1.9% 4.5%
21,919,047 4,937,463 2.9% 7.7%
24,133,106 4,913,174 2.6% 7.2%
29,648,874 5,787,106 2.6% 7.8%
164,627,536 25,496,120 62,367,272 7,505,725 40.9% 4.9%
180,188,298 26,251,694 66,476,891 7,505,725 39.5% 11.6%
199,957,007 33,065,319 69,543,212 9,317,474 47.5% 13.6%
239,374,758 41,951,062 78,990,601 9,317,474 53.1% 17.2%
0.229 0.186
0.475 0.385
0.489 0.397
0.540 0.436
* computed as long-term debt divided by equity ** computed as long-term debt less cash and cash equivalents divided by equity *** computed based on weighted average number of shares outstanding
Filinvest Development Corporation
2012 Annual Report
4