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Ayala Corporation and Subsidiaries Consolidated Statements of Financial Position
Ayala Corporation and Subsidiaries Consolidated Statements of Financial Position
December 31
2016 2015
ASSETS
Current Assets
Cash and cash equivalents (Notes 5, 31, 32 and 33) P=60,223,324 P=82,154,542
Short-term investments (Notes 6, 31, 32 and 33) 1,008,705 2,052,288
Accounts and notes receivable (Notes 7, 31, 32 and 33) 116,841,963 82,595,788
Inventories (Note 8) 76,752,875 68,430,908
Other current assets (Notes 9 and 32) 33,638,483 27,617,032
Total Current Assets 288,465,350 262,850,558
Noncurrent Assets
Noncurrent accounts and notes receivable (Notes 7, 32 and 33) 36,484,347 41,793,499
Investments in bonds and other securities
(Notes 10, 31, 32 and 33) 4,565,079 3,737,816
Land and improvements (Note 11) 101,049,171 92,894,879
Investments in associates and joint ventures (Note 12) 180,313,743 162,711,420
Investment properties (Note 13) 110,916,644 83,669,492
Property, plant and equipment (Note 14) 64,074,471 39,644,489
Service concession assets (Note 15) 82,422,249 78,828,840
Intangible assets (Note 16) 9,716,403 3,909,603
Deferred tax assets - net (Note 25) 12,414,647 9,742,797
Pension and other noncurrent assets (Note 17) 21,282,399 14,291,330
Total Noncurrent Assets 623,239,153 531,224,165
Total Assets P=911,704,503 P=794,074,723
(Forward)
Years Ended December 31
2016 2015 2014
Disposals of:
Property, plant and equipment (Note 14) P=363,849 P=434,084 P=1,657,058
Investment properties (Note 13) 777,105 681,913 1,538,984
Land and improvements (Note 11) – 24,449 3,935
Maturities of (additions to) short-term investments 1,043,583 (949,250) (983,358)
Additions to:
Service concession assets (Note 15) (110,383) (217,527) (666,569)
Investments in associates and joint ventures (13,422,670) (8,767,207) (35,926,256)
Property, plant and equipment (Note 14) (24,344,093) (15,753,861) (6,233,101)
Investment properties (Note 13) (28,449,015) (12,706,724) (13,375,167)
Land and improvements (Note 11) (5,128,862) (22,475,160) (28,841,363)
Accounts and notes receivable - non trade (11,274,562) (979,350) (5,171,180)
Financial assets at fair value through profit or loss (2,742,790) (22,357,315) (33,186,064)
Investments in bonds and other securities (52,642) (1,079,053) (562,661)
Intangible assets (Note 16) (533,376) 319,530 (172,452)
Dividends received from associates, joint ventures
and investments in equity securities (Note 12) 8,560,393 8,309,970 5,742,014
Acquisitions through business combinations - net of
cash acquired (Note 24) (2,551,035) (781,687) (274,932)
Decrease (increase) in other noncurrent assets (6,709,454) 2,749,436 (14,730,215)
Net cash used in investing activities (76,183,421) (38,821,446) (82,745,801)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term and long-term debt 97,216,392 75,097,645 78,310,834
Payments of short-term and long-term debt (68,047,835) (71,223,956) (25,018,135)
Reissuance of treasury shares (Note 22) – – 13,424,121
Dividends paid (Note 22) (10,104,138) (9,130,756) (7,581,660)
Service concession obligation paid (Note 15) (858,230) (646,815) (698,927)
Collections of subscriptions receivable 139,344 166,127 113,817
Issuance of common shares (Note 22) – – 12,237,211
Increase (decrease) in:
Other noncurrent liabilities 1,368,605 5,135,008 812,972
Non-controlling interests in consolidated
subsidiaries (Note 24) (679,238) 12,223,836 (2,948,434)
Net cash provided by financing activities 19,034,900 11,621,089 68,651,799
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS (21,931,218) (8,614,983) 25,114,476
CASH AND CASH EQUIVALENTS AT
BEGINNING OF YEAR 82,154,542 90,769,525 65,655,049
CASH AND CASH EQUIVALENTS AT
END OF YEAR (Note 5) P=60,223,324 P=82,154,542 P=90,769,525