第一太平有限公司 股份編號 : 00142 二零一一年年報 於亞洲實現長期增長
30 PLDTDigitel Beacon ElectricMeralco MPIC Philex Petroleum SIMP Beacon Electric (PLDT MPIC)MeralcoMPIC PhilexICBP Indofood PLDT MPIC(Meralco)Philex (Philex) MPIC (MPTC) MPICMayniladIndofoodIndolakto PLDTMPIC (Maynilad) (Makati Medical Center)IndoAgri IndofoodIndoAgriLonsum MPIC PLDTIndofood PLDTSmart Smart CommunicationsNTT Smart CommunicationsPDCP Bank First e-bank GSM Escotel GSM Imagineering AustraliaTech Pacific Shanghai Land 50% System OneSports Authority (Hibernia Bank) (Hagemeyer)Berli Jucker Metro Pacific Corporation (Overseas Union Finance Limited (OUF)
PLDT MPIC Indofood Philex*25.6% 59.1% 50.1% 31.3% * Two Rivers Pacific Holdings CorporationPhilex 15.0% 30 1 2 5 7 12 12 16 PLDT 24 MPIC 34 Indofood 44 Philex 51 52 54 60 65 65 70 71 71 76 77 77 80 84 85 172 174 01
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 5,684.1 4,640.2 3,925.6 4,105.3 3,040.8 2,474.8 1,986.1 2,054.6 2,161.8 1,892.3 1,135.6 775.5 661.4 336.6 665.6 221.7 138.8 168.2 134.9 79.6 600.9 403.7 401.6 200.8 504.8 164.5 103.0 123.9 74.1 38.2 511.8 474.0 335.2 304.4 244.8 173.7 142.5 142.5 110.2 65.6 423.0 402.1 286.6 239.2 186.7 134.4 103.9 116.3 88.4 51.1 109.8 99.4 56.1 37.0 41.1 22.4 12.3 15.51 10.40 11.71 5.91 14.91 4.89 3.07 3.69 2.21 1.15 10.92 10.36 8.36 7.04 5.52 3.99 3.09 3.46 2.63 1.54 2.85 2.55 1.54 1.15 1.28 0.70 0.39 78.50 65.99 49.64 35.17 35.09 18.18 12.00 7.14 1.60 (0.81) (%) 15.01 16.11 15.20 18.88 18.96 20.95 21.21 32.38 31.03 26.30 (%) 15.11 17.91 18.82 21.16 21.79 27.84 34.05 83.52 696.06 (%) 25.96 24.72 19.57 15.47 22.01 16.67 11.84 3.85 4.05 5.11 6.46 4.54 6.00 8.45 7.18 5.02 3.67 4.76 3.89 3.35 2.64 2.93 2.59 2.41 1.57 1.85 1.37 0.87 0.94 1.21 1.45 1.42 1.71 1.02 0.26 0.33 0.67 1.06 0.68 0.83 1.12 1.45 2.12 2.46 0.71 0.46 0.36 0.47 0.35 0.16 0.11 0.10 0.12 0.15 02
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 561.7 513.7 389.8 300.5 106.3 46.3 56.6 105.1 72.6 92.2 12,611.8 10,914.1 9,397.3 7,199.0 5,221.1 2,883.5 2,347.1 2,168.7 2,213.5 2,469.5 1,764.8 1,847.0 2,719.5 2,520.8 1,443.8 857.2 788.5 854.3 907.7 1,136.7 5,732.6 5,302.0 5,358.2 4,823.8 3,098.1 1,850.7 1,640.4 1,577.6 1,785.7 2,007.1 1,193.0 1,278.4 594.3 (264.7) (86.9) 175.0 292.8 251.9 443.6 20.6 10,508.8 9,409.3 7,797.0 5,123.3 3,665.1 2,034.8 1,697.0 1,571.2 1,589.4 1,456.0 3,022.7 2,575.2 1,916.2 1,130.1 1,131.3 582.7 382.8 227.4 51.1 (25.7) 6,879.2 5,612.1 4,039.1 2,375.2 2,123.0 1,032.8 706.7 591.1 427.8 462.4 12 31 (i) 1,170.3 816.9 651.7 731.3 532.4 237.9 152.6 103.3 96.9 152.1 3,850.4 3,902.4 3,860.3 3,213.4 3,224.1 3,204.8 3,188.8 3,186.0 3,186.0 3,186.0 3,874.6 3,880.4 3,428.5 3,397.7 3,384.9 3,365.5 3,358.9 3,358.1 3,358.1 3,322.5 8.080 7.000 4.740 2.552 5.740 3.833 2.846 1.969 1.603 0.664 2.690 6.050 4.040 3.000 2.075 1.690 0.700 3,988.6 3,502.2 2,345.9 1,108.2 2,500.7 1,659.9 1,226.5 847.6 690.3 285.9 4,503 4,608 6,202 4,983 4,736 4,989 5,167 5,321 5,452 5,576 73,582 70,525 68,416 66,452 62,395 50,087 46,693 49,165 46,951 44,820 (i) 172173 3.40 (i)(ii)(iii)(iv) 03
04
5.2% 8.0% 48.8% 16% 10.5% 26%25% 600 500 400 300 200 100 0 07 08 09 10 11 500 400 300 200 100 0 07 08 09 10 11 700 600 500 400 300 200 100 0 07 08 09 10 11 05
350 300 250 200 150 100 50 0 10 11 10 11 6 5 4 3 2 1 0 07 08 09 10 11 9 8 7 6 10 11 11 11 12 3 6 9 11 12 12 2 5 14 13.38 4 3 2 1 12 10 8 6 4 11.46 6.05 8.08 29% 71% 0 07 12 08 12 09 12 10 12 11 12 2 07 12 08 12 09 12 10 12 11 12 5,546.5 2,230.0 7,776.5 06
PLDT MPIC PLDT PLDTDigital Telecommunications Philippines, Inc.Digitel PLDT SMART TNT Red Mobile Sun MPIC MPIC MPIC MPIC Harbour Link Indofood Indofood 6% Philex Padcal Padcal Philex Kalayaan5% 60%Philex Silangan SilanganPhilex Lepanto 5% PhilexPadcal PLDTDigitel MPIC MPIC Indofood Indofood PhilexPadcal 07
7% PLDT45% PLDT18% 12% 8% PLDT Smart4G PLDT Digitel Digitel PLDT 08
Maynilad 48% 54%48% Maynilad MeralcoRedondo Peninsula Energy, Inc. (RP Energy)RP Energy Meralco MPTC MPTC MPICMPTC AHI Metro Rail Transit MRT 3 MPIC MPTC Metro Rail Transit MRT 3 09
Qtela Tempe Bimbim ICBP 10
Padcal Padcal Padcal Silangan Bayugo Boyongan Kalayaan5% 60% Philex Lepanto 5% Bulawan PhilexBulawan PadcalBulawanSilanganSibutad Padcal Silangan Bulawan PadcalBulawanSilanganSibutad SC 72 Reed Bank 11
8% PLDT MPIC Indofood Philex 8%25% (i) 12 31 2011 2010 2011 2010 PLDT (ii) 215.0 224.1 MPIC 510.4 412.2 68.2 46.9 Indofood 5,173.7 4,228.0 178.5 172.1 Philex (ii) 50.1 30.9 (iii) 5,684.1 4,640.2 511.8 474.0 (22.1) (20.9) (64.2) (45.0) (2.5) (6.0) 350 300 250 200 150 100 50 0 10 11 10 11 (iv) 423.0 402.1 (v) (7.1) 2.8 5.2 7.6 (vi) 179.8 (8.8) 600.9 403.7 (i) (ii) (iii) (iv) (v) (vi) PLDTDigitel 3.4%PLDTPLDTSmart Meralco 12
23% 5% Indofood MPIC MPIC Philex Indofood PLDT 3.4% PLDT Smart 49% 12 31 2011 2010 43.84 43.84 9,068 8,991-0.8% 12 31 2011 2010 43.24 45.04 +4.2% 8,762 9,083 +3.7% 2011 2010 PLDT MPIC Indofood Philex (2.7) (3.0) (0.6) 2.1 (2.1) 0.1 (1.6) 4.3 (0.1) (0.7) (7.1) 2.8 13
PLDTDigital Telecommunications Philippines, Inc.Digitel52% PLDTJ.G. Summit Metro Pacific Resources, Inc. J.G. SummitPLDT PLDT Beacon ElectricMeralco 10.6% MPICColinas Verdes Hospital Managers Corporation 100% MPICAsian Hospital, Inc. AHI51.9% MPICAHI 8.0 6.0 4.0 2.0 0 07 12 08 12 09 12 10 11 12 12 PhilexLepanto Consolidated Mining Corporation 5% Lepanto Far Southeast Gold Project40% PhilexKalayaan Copper Gold Resources, Inc.Manila Mining Corporation 5%PhilexKalayaan PhilexKalayaan 55% 13.00(1.67 12.00(1.54 8%21(2.70 18 (2.31 17%25% PT Salim Ivomas Pratama Tbk Indofood 1.20(0.1522.22.85 26% 30% 25% 20% 15% 10% 07 08 09 10 11 14
7.120.9 10% 70%5.3 43% 4.3 30%54% 16% PLDTDigitel PLDTMPIC Indofood SilanganPhilex 15
16
-4.1% 3,000 2,800 PLDT 2,600 2,400 2,200 2,000 10 11 11 11 12 3 6 9 11 12 12 2 17
PLDT PLDT 2011 2010 % 2011 2010 % (i) (i) 2,360.5 2,309.6 +2.2 966.3 1,033.1 6.5 1,359.5 1,312.7 +3.6 299.1 282.4 +5.9 198.6 180.1 +10.3 26.3 29.7 11.4 (3.2) (4.5) 28.9 (358.1) (335.0) +6.9 70 60 50 40 30 3,560.5 3,467.4 +2.7 1,288.5 1,340.7 3.9 (115.6) (120.9) 4.4 20 07 12 08 12 09 12 10 12 11 12 58.1 44.9 +29.4 1,231.0 1,264.7 2.7 (399.6) (406.8) 1.8 831.4 857.9 3.1 1.4 (0.9) 832.8 857.0 2.8 (7.8) (10.2) 23.5 3.0 2.5 2.0 1.5 1.0 825.0 846.8 2.6 (%) 26.1 26.5 0.5 07 12 08 12 09 12 10 12 11 12 215.0 224.1 4.1 (i) PLDT 42% 47%4%4% Meralco/Beacon Electric 18
7% Meralco/Beacon Electric 21% PLDT 2% 4% 8% Digitel PLDT 54%52% Digitel 28% Digitel 0.9 19
PLDT PLDT100%PLDT 631.46 PLDT70% PLDT481.11 1112.57781.80 1894.37100% PLDT PLDT 2,38855 PLDT Digitel PLDTJG Summit( JGS ) Digital Telecommunications Philippines, Inc.( Digitel ) DigitelDigitel 51.6%DigitelJGS 143.405DigitelJGS Digitel ( ) PLDTDigitelPLDT Digitel PLDTDigitelPLDT PLDT Digitel 99.4% PLDT40% 68%67% Smart Digitel 97% PLDT97% SmartARPU11% 155 3.58 45% Digitel 52% 18% ARPU1,13226.18 ARPU3628.37 20
2% 6% Smart7% 3% Digitel 91% Digitel PLDT 57%54% Digitel 28% 11% 1753.891553.58 SmartSmart 70% PLDT 19% Digitel PLDTPLDT 1% 1% 30% 3% 17% 13% Digitel 39% PLDT 21
PLDT PLDT SPi GlobalePLDTePLDT PLDT 6% 23% 8% 3% 16%18% SPi Meralco PLDT Communications and Energy Ventures, Inc.PCEVSmart99.5%Beacon ElectricMPIC 50%Beacon ElectricMeralco 48% 45% Meralco Meralco56%Meralco Aboitiz Therma Power Inc. Taiwan Cogeneration Corp.300 MeralcoMPIC 22
PLDTPLDTDigitel/Sun Cellular PLDT PLDT ( ) PLDT PLDT43.24 45.041PLDT PLDT PLDT 2011 2010 31,697 40,217 (i) (599) (458) 31,098 39,759 (ii) 7,212 2,169 (2,765) (3,429) 35,545 38,499 (iii) 126 (358) PLDT 35,671 38,141 201143.24201045.04 825.0 846.8 201126.1% 201026.5% 215.0 224.1 (i) (ii) Meralco 12PLDT (iii) 23
+45.4% 4.0 3.5 3.0 2.5 10 12 11 3 11 6 11 9 11 12 12 2
MPIC MPIC 2011 2010 % 2011 2010 % 318.4 267.5 +19.0 165.0 134.3 +22.9 149.5 130.1 +14.9 73.4 62.3 +17.8 42.5 14.6 +191.1 4.6 1.4 +228.6 (14.9) (2.8) +432.1 510.4 412.2 +23.8 228.1 195.2 +16.9 (68.4) (86.9) 21.3 75.2 29.8 +152.3 234.9 138.1 +70.1 (46.7) 1.8 188.2 139.9 +34.5 (120.0) (93.0) +29.0 68.2 46.9 +45.4 MPIC Maynilad Water Services, Inc.Maynilad56.8% Beacon Electric Asset Holdings IncBeacon Electric50.0%Beacon ElectricManila Electric CompanyMeralco 48.0% Metro Pacific Tollways CorporationMPTC99.8%Manila North Tollways CorporationMNTC67.1% Tollways Management CorporationTMC45.9% Medical Doctors, Inc.MDI34.5% Colinas Verdes Hospital Managers CorporationCVHMC100% Cardinal Santos Medical CenterCSMC Davao Doctors Hospital, Inc.DDH34.9% Riverside Medical Center, Inc.RMCI51.0% East Manila Hospital Managers CorporationEMHMC100% Our Lady of Lourdes HospitalOLLH Asian Hospital, Inc.AHI56.5%Asian Hospital and Medical Center MPIC45.4% 26
32% Maynilad Meralco MPTCMPIC 48% 26% 22% 4% 4% Maynilad 30% Meralco 22% 48% 13% 26% 19% MPTC 2% 44% Maynilad 71.7 Meralco 39.0 MPTC 33.6 5.7 150.0 MPIC Maynilad 76% 63% 95% 23% Maynilad MPTC MPIC0.0150.0340.0250.057 27
MPIC Maynilad Maynilad MPICMaynilad 8%4% 8% 11% 903,6821,005,350 11% 53.5%47.8% 42.2% 38,832 14% 8% 24% 19% 23% Putatan Angat DamMaynilad Putatan 28
Meralco Meralco1.1% 30,592 7.35%Meralco 7% 1.1% 30,592 22% MPIC 10.2%10.5% 15% Meralco Meralco PowerGen Corp.Redondo Peninsula Energy, Inc.Aboitiz Therma Power Inc. Taiwan Cogeneration Corp. RP Energy 300 Meralco Meralco 29
MPIC MPTC MPTC 67.1%MNTC45.9%TMCNorth Luzon ExpresswayNLEXSubic Clark Tarlac Expressway SCTEXSubic Freeport Expressway NLEXSCTEX 10% NLEX12% 14% NLEX 159,882158,342 NLEX 1% 12% TMC 26% 53% Harbour LinkNLEX Harbour LinkNLEX NLEX 13.5(Philippine National Railway) MakatiBuendia Avenue Harbour Link South Luzon Expressway/Skyway MPTCHarbour Link SCTEX NLEX SCTEX NLEX 30
MPIC Makati Medical Center Cardinal Santos Medical Center Our Lady of Lourdes Hospital Asian Hospoital Bacolod Riverside Medical CenterDavao Doctors Hospital MPIC13% 1,8124,3333,705 21% CSMC23% MDI6% DDH2% RMCIOLLH 28% RMCI OLLH MMC DDH 4,54518% 3,705 MPIC 16% 31
MPIC MPICMPIC Meralco3% Meralco Meralco Maynilad9.7% 8% MayniladMaynilad Maynilad NLEX3%SCTEX6% 19%MPTC North Luzon Expressway South Luzon Expressway 13.5 MPTC CALA ExpresswayMPTC CSMC AHI 32
MPIC MPIC43.24 45.041MPIC MPIC 2011 2010 5,059 2,871 (i) (109) 994 (7) (58) 4,943 3,807 (ii) 151 (9) MPIC MPIC 5,094 3,798 201143.24201045.04 117.8 84.3 201157.9% 201055.6% 68.2 46.9 (i) Meralco Meralco MPTC MayniladMeralco MPIC 18 15 (ii) 33
34
+3.7% 6,500 6,000 5,500 5,000 4,500 4,000 10 12 11 3 11 6 11 9 11 12 12 2 Indofood 35
Indofood Indofood 2011 2010 % 2011 2010 % 1,542.3 1,381.9 +11.6 284.5 220.0 +29.3 421.5 372.3 +13.2 23.9 46.6 48.7 107.9 84.6 +27.5 4.3 2.6 +65.4 134.1 107.9 +24.3 7.7 6.8 +13.2 55.5 53.3 +4.1 5.5 5.3 +3.8 (64.7) (49.4) +31.0 2,196.6 1,950.6 +12.6 325.9 281.3 +15.9 Bogasari 1,683.2 1,399.7 +20.3 111.8 187.3 40.3 968.0 768.5 +26.0 333.5 269.8 +23.6 1,034.0 736.6 +40.4 17.2 (2.0) (565.2) (460.9) +22.6 1,436.8 1,044.2 +37.6 350.7 267.8 +31.0 398.4 326.0 +22.2 15.5 11.8 +31.4 (541.3) (492.5) +9.9 * * 24% 8% 26% 42% 2,186.9 Bogasari 1,337.1 1,251.3 398.4 5,173.7 2% 5,173.7 4,228.0 +22.4 803.9 748.2 +7.4 (49.3) (111.1) 55.6 (0.1) (2.2) 95.5 44% 14% 40% 754.5 634.9 +18.8 (181.6) (175.7) +3.4 572.9 459.2 +24.8 (394.4) (287.1) +37.4 325.9 Bogasari 111.8 350.7 15.5 803.9 178.5 172.1 +3.7 Indofood Bogasari Indofood Indofood 4% 4% 36
18% Bogasari 32.5%27.8% 7% 16.4%15.1% 6% 4% SIMP0.160.02 Indofood Indofood 37
Indofood Indofood Indomie Supermi Sarimi Sakura Pop Mie Pop Bihun Mi Telur Cap 3 Ayam IndolaktoIndomilk Indolakto Chitato LaysQtela Trenz Wonderland Bimbim Promina SUN 9% 3.5% 4.2% 5.9% 16.5% 14.1%13.5% 16.4% 16.3% 12.5%7.6% 2.5%4.5% 6.4%5.7% 10.3% 10.1% 38
Bogasari Bogasari IndofoodBogasari Cakra Kembar Segitiga Biru Kunci Biru Lencana MerahLa Fonte Indofood 16% 4% 14.3%6.6% 39
Indofood Indofood Indofood Agri Resources Ltd. IndoAgri58.2%IndoAgri PT Salim Ivomas Pratama TbkSIMP72.0%SIMP PT PP London Sumatra Indonesia TbkLonsum59.5% 40
SIMP Lonsum 5.3% 43% 6% Lonsum 9% 13% Roundtable on Sustainable Palm Oil Bimoli Simas Palmia 33% 1,000 800 23% 34% 27% 16% 58,674 4-6 35,750 7-20 73,150 20 49,263 216,837 Indofood 14% 23.4%23.6% 600 400 200 0 07 08 09 10 11 Tanjung Priok Indofood IndofoodIndofood 18% 3.2%3.6% 41
Indofood 50% Indofood Indofood 42
Indofood Indofood 8,7629,083 1Indofood Indofood 2011 2010 3,077 2,953 (i) 51 104 91 139 54 54 (87) 88 3,186 3,338 (ii) 29 (77) (ii) (91) (139) Indofood 3,124 3,122 Indofood 20118,76220109,083 356.5 343.7 201150.1% 201050.1% 178.5 172.1 (i) Indofood 41 Indofood 12Indofood Indofood41 (ii) 43
44
+62.1% 28 24 20 16 12 10 12 11 3 11 6 11 9 11 12 12 2 Philex 45
Philex Philex 2011 2010 % 2011 2010 % 363.3 289.4 +25.5 164.6 104.3 +57.8 12.9 7.3 +76.7 8.7 2.7 +222.2 10.0 9.5 376.2 296.7 +26.8 173.3 107.0 +62.0 1.2 0.1 +1,100.0 (1.1) (0.8) +37.5 173.4 106.3 +63.1 (63.8) (40.1) +59.1 109.6 66.2 +65.6 (1.4) 1.1 108.2 67.3 +60.8 (%) 46.3 45.9 50.1 30.9 +62.1 9.0 8.5 8.0 07 08 09 10 11 750 700 650 Philex Philex Mining Corporation. Philex Gold Philippines, Inc. Silangan Mindanao Mining Co., Inc. 600 07 08 09 10 11 Philex Petroleum CorporationForum Energy Plc FEC Resources, Inc. Pitkin Petroleum Plc Brixton Energy and Mining Corporation Philex 62.1% Padcal 12% 20% 23% 12% 15% 18% 3.92 3.11 2.48 2.08 1.97 3.42 16.98 46
PhilexPhilexPadcal Pan Pacific Copper Company Limited Padcal Padcal 1,600 1,400 1,200 1,000 800 600 07 08 09 10 11 4.0 3.5 3.0 2.5 Philex 1% 0.5640.552 0.221%0.210% 7% 5% 7% 2.0 07 08 09 10 11 26%1,5361,217 2%3.703.63 73416.9868615.23 20% 58%38%4% 47
Philex Philex 34% 46% 29% 6% 12% 29% Kalayaan Padcal Silangan Forum Energy PlcSC 72 SC 40 Philex 0.420.970.140.320.280.65 50%Philex PhilexPhilex Petroleum CorporationPhilex 0.0520.12 48
Silangan Surigao del Norte SRK Perth (Philippine Mineral Reporting Code) SilanganBoyongan Bayugo2.75900 0.5% Independent Resources EstimationsIRESBoyongan Boyongan 1.390.87%Silangan PadcalSilangan Silangan Padcal Boyongan Bayugo 142 (i) 273 (ii) 125 (ii) 0.49 0.72 0.66 (%) 0.24 0.52 0.66 760,000 3,120,000 1,820,000 2,200,000 6,300,000 2,700,000 (iii) (%) 0.30 (%) 0.50 0.50 Philex 81 0.40 (%) 0.21 313,600 739,000 (iii) (%) 0.246 (i) (ii) (iii) = % + 0.43 x3.001,00082%72% PhilexPadcalBulawanSilanganSibutad PadcalPhilexSilangan 49
Philex Philex Philex43.24 45.041Philex Philex 2011 2010 5,771 3,963 (i) (213) 120 (386) (570) 50 (22) (557) (526) 4,665 2,965 (ii) 10 67 Philex 4,675 3,032 201143.24201045.04 108.1 67.3 201146.3% 201045.9% 50.1 30.9 (i) Philex Philex 18 12Philex (ii) 50
(8) 27% PhilexPadcal Philex Silangan MPIC MPIC PLDT4G Digitel Sun Cellular PLDT Indofood Bogasari Indofood 51
5% 26%22.2 25% 61% 10% 35% PLDT Indofood Indofood PLDTDigitel Sun Cellular PLDT MPIC 52
10 9 8 7 6 25,000 24,000 23,000 22,000 21,000 20,000 19,000 18,000 17,000 5 10 12 11 3 11 6 11 9 11 12 12 2 16,000 Philex Philex 50%Silangan Philex Padcal 53
54
Ewell County Technical College PT Indofood Sukses Makmur Tbk. PT Indofood CBP Sukses Makmur Tbk. GE International Advisory BoardALLIANZ Group Rabobank AsiaFood & Agribusiness Advisory Board Asia Business Council PHINMA Bancom (Ateneo de Manila University) (Wharton School) Philippine Long Distance Telephone Company (PLDT) Manila Electric Company (Meralco) PLDTMetro Pacific Investments Corporation epldt, Inc. Smart Communications, Inc. PLDT Communications and Energy Ventures, Inc.Pilipino Telephone CorporationDigital Telecommunications Philippines Inc. Maynilad Water Services, Inc. Metro Pacific Tollways Corporation Manila North Tollways Corporation Philex Mining Corporation Philex Petroleum Corporation Landco Pacific Corporation Medical Doctors, Inc. (Makati Medical Center) Davao Doctors, Inc. Colinas Verdes Corporation (Cardinal Santos Medical Center) Mediaquest Holdings, Inc. Associated Broadcasting Corporation (TV 5)PT Indofood Sukses Makmur Tbk Komandante Order of Lakandula (Management Association of the Philippines) (Management Man of the Year 2005) Far Eastern University Holy Angel University Xavier University(San Beda College) (the ASEAN Business Advisory Council) Philippine Business for Social Progress (PBSP) MVP Sports Foundation, Inc Philippine Disaster Recovery Foundation, Inc. (PDRF)(the Basketball Federation of the Philippines) (SBP) (Amateur Boxing Association of the Philippines) (ABAP) Fairfield University Crocker BankOlivetti Corporation Fairchild Semiconductor Corporation EA Edwards Associates PT Indofood Sukses Makmur TbkMetro Pacific Investments Corporation Philex Mining Corporation Maynilad Water Services, Inc.FEC Resources Inc. Forum Energy Plc Asia Society the Center for Strategic and International Studies (the U.S. ASEAN Strategy Commission) Forum Energy Plc PT Indofood Sukses Makmur TbkMetro Pacific Investments Corporation Philex Mining Corporation Philex Petroleum CorporationQPL International Holdings Limited 55
Napoleon L. Nazareno NazarenoUniversity of San Carlos Asian Institute of Management (AIM) European Institute of Business AdministrationINSEAD NazarenoPhimco Industries, Inc. Akerlund & Rausing Akerlund & Rausing Nazareno Metro Pacific Corporation NazarenoSmart Communications, Inc. (Smart) PLDT Communications and Energy Ventures, Inc.Pilipino Telephone Corporation Smart Philippine Long Distance Telephone Company NazarenoManila Electric Company Digital Telecommunications Philippines Inc. GSM Association Worldwide CBE Eaton Vance Management Funds OBE Chevalier de l Ordre National du Merite (University of Hull) TIME Graham L. Pickles Pickles PicklesPT Indofood Sukses Makmur Tbk Asia Pacific Brands India Limited Tech Pacific Holdings LimitedTech Pacific Pickles Hagemeyer N.V. Pickles 56
(University of New England)PT Indocement Tunggal Prakarsa TbkPacific Industries and Development Limited Ibrahim Risjad RisjadPT Indofood Sukses Makmur TbkRisjad Ngee Ann College PT Indofood Sukses Makmur TbkPT Indofood CBP Sukses Makmur Tbk PT Nippon Indosari Corpindo Tbk PT Indocement Tunggal Prakarsa Tbk Philippine Long Distance Telephone Company 57
58
University of Newcastle Upon Tyne Hagemeyer Cosa Lieberman Siemens Building Technologies Forum Energy Plc University of Connecticut St. Antony s College (UCLA) Southern Illinois University National Investor Relations Institute McMaster University University of Southampton Coventry University 59
Indofood
IdeaSpace Foundation, Inc. PLDT Smart PLDTPLDT
PLDT (Philippine Digital Literacy for Women Program) MPIC MPIC FoundationE (Education)(Environment) (Economic Empowerment) MPICMPIC Philippine Business for Social Progress Indofood Beasiswa Indofood Sukses Makmur 62
Indofood Riset Nugraha Indofood Indofood Indofood Roundtable on Sustainable Palm Oil (RSPO) Indonesian Sustainable Palm Oil (ISPO) Indofood23%RSPORSPO Indofood 2 5 0 3 8 4 1 1 1 8 13 25 6 12 10 11 13 23 7 12 10 1 1 1 39 65 74 63
Indofood Philex Philex Padcal (Annual National Mine Safety and Environment Conference) (Best in Mining Forest) Philex Philex Hope for Children 64
14 Albert F. del Rosario Ibrahim Risjad 1. 2. Graham L. Pickles 5457 65
Graham L. PicklesNapoleon L. Nazareno Ibrahim RisjadGraham L. Pickles Napoleon L. Nazareno Ibrahim Risjad 66
4/5 1/4 5/5 3/4 5/5 3/4 5/5 4/4 Albert F. del Rosario (i) 1/1 1/1 5/5 4/4 Napoleon L. Nazareno 5/5 3/4 5/5 3/4 Ibrahim Risjad (iv) 0/5 0/4 Graham L. Pickles 5/5 4/4 CBE 5/5 4/4 KBE (ii) 0/3 1/2 5/5 3/4 OBE Chevalier de l'ordre National du Merite (iii) 2/2 2/2 (i) Albert F. del Rosario (ii) (iii) (iv) Ibrahim Risjad Graham L. Pickles 3.21 67
Graham L. Pickles 2/2 CBE 2/2 KBE (i) 0/1 (ii) 1/1 (ii) 1/1 (i) (ii) Graham L. Pickles B.1.3(a) (f) Albert F. del Rosario (i) 0/0 CBE 1/1 KBE (ii) 0/0 Graham L. Pickles (iii) 1/1 (iii) 1/1 (i) Albert F. del Rosario (ii) (iii) Graham L. Pickles Graham L. Pickles A.4.5(a) (d) 68
0/1 Albert F. del Rosario (i) 0/0 CBE 1/1 Graham L. Pickles 1/1 KBE (ii) 0/0 OBE Chevalier de l'ordre National du Merite (iii) 1/1 (iv) 1/1 (i) Albert F. del Rosario (ii) (iii) (iv) CBE 2/2 Graham L. Pickles 2/2 KBE (i) 0/1 1/2 OBE Chevalier de l'ordre National du Merite (ii) 1/1 (i) (ii) 69
34(A) 34(D)(a) 70
(www.firstpacific.com) (1) PT Salim Ivomas Pratama TbkIndofoodShanghai Resources International Trading, Co. Ltd. (2) Indofood Bogasari(Bogasari) PT Fast Food Indonesia Tbk. (FFI)(3) (2) BogasariFFI(4) (1) Indofood PT Lajuperdana Indah(2) PT Surya Rengo Containers FFI (1) Bogasari PT Tarumatex Indofood(2) Indofood PT Indotek Konsultan Utama Indofood 71
I. 14A.45Indofood A. Indofood 2011 12 31 PT Indofood Sukses Makmur De United Food Industries Ltd. (1)Dufil 2011 1 1 2013 12 31 24.7 Tbk (ISM) (Dufil) ISMIndomie(2) Dufil PT Indofood CBP Sukses (3) Makmur Tbk (ICBP) ISM/ICBP Pinehill Arabian Food Ltd. (1)Pinehill 2011 1 1 2013 12 31 70.9 (Pinehill) ISMIndomie SupermiPop Mie(2) Pinehill (3) ISM/ICBP Salim Wazaran Brinjikji Co. (1)SAWAZ 2011 1 1 2013 12 31 4.8 (SAWAZ) ISM Indomie(2)SAWAZ (3) 100.4 72
B. Indofood 2011 12 31 PT Salim Ivomas Pratama Tbk PT Adithya Suramitra (ADS) SIMP ADS SIMP 1996 6 1 2016 5 31 0.1 (SIMP) 20 SIMP PT Sarana Tempa Perkasa STP SIMP 2011 1 1 2013 12 31 0.6 (STP) SIMP PT Rimba Mutiara Kusuma SIMPRMK 2011 1 1 2013 12 31 0.4 (RMK) RMK RMK SIMP Indolnternational Green SIMPIGER Group 2011 1 1 2013 12 31 12.0 Energy Resources Pte. Ltd. (IGER Group) IGER Group PT Lajuperdana Indah (LPI) PT Indotek Konsultan Utama IKU LPI 2011 1 1 2013 12 31 0.0 (IKU) SIMP PT Fast Food Indonesia, Tbk (FFI) SIMP FFI 2011 1 1 2013 12 31 4.9 ISM LPI ISMLPI 2011 3 22 2013 12 31 0.2 ISM INDOSUGAR SIMP Shanghai Resources SIMP Shanghai Resources 2011 2 14 2013 12 31 10.0 International Trading, Co. Ltd. (Shanghai Resources) ISM IKU IKU ISM 2011 10 31 2013 12 31 28.2 73
C. Indofood 2011 12 31 ISM PT Asuransi Central, Asia ACA ISM 2011 1 1 2013 12 31 3.7 (ACA) ISM PT Central Asia Raya (CAR) CAR ISM 2011 1 1 2013 12 31 2.1 ISM PT Indosurance Broker Utama (IBU) IBU ISM 2011 1 1 2013 12 31 0.2 6.0 D. Indofood 2011 12 31 PT Surya Rengo Containers PT Pepsi Cola Indobeverages SRC PCIB 2011 1 1 2013 12 31 3.1 (SRC) (PCIB) ICBP PCIB ICBP PCIB 2011 1 1 2013 12 31 SRC FFI SRC FFI 2011 3 22 2013 12 31 0.1 ISM IKU IKU ISM 2011 10 31 2013 12 31 3.2 74
E. Indofood 2011 12 31 PT Indomarco Adi Prima (IAP) PT Lion Superindo (LS) IAP LS 2011 1 1 2013 12 31 10.9 IAP PT Buana Distrindo (BD) BDIAP 2011 1 1 2013 12 31 33.4 PETPCIB IAP FFI IAP FFI 2011 1 3 2013 12 31 3.2 PT Putri Daya Usahatama (PDU) LS PDU LS 2011 1 1 2013 12 31 1.0 ISM IKU IKU ISM 2011 10 31 2013 12 31 48.5 F. Indofood 2011 12 31 ISM Bogasari (Bogasari) PT Nippon Indosari Corpindo Tbk (NIC) Bogasari NIC 2010 2 23 2013 12 31 18.0 Bogasari FFI Bogasari FFI 2011 1 1 2013 12 31 0.9 Bogasari PT Tarumatex (Tarumatex) Bogasari Tarumatex 2011 10 31 2013 12 31 0.1 ISM IKU IKU ISM 2011 10 31 2013 12 31 19.0 75
II. 14A.45Maynilad Water Services Inc. (Maynilad) DMCI Holdings Inc. (DMCI) 2011 12 31 Maynilad D.M. Consunji, Inc. (DMCIC), DMCI DMCIC Maynilad 2009 3 23 2011 12 31 24.8 Maynilad DMCI Project Developers, Inc. (DMCIPD), DMCI Maynilad DMCIPD 2009 2 1 2012 1 31 0.1 24.9 14A.37 14A.38 IndofoodMaynilad 3000 740 14A.38 76
(A) PLDT MPIC 2011 1 1 1,103.9 (287.0) 816.9 168.9 184.5 353.4 2011 12 31 1,272.8 (102.5) 1,170.3 2011 2010 322.0 277.5 (89.1) (44.8) 232.9 232.7 (544.5) (83.9) 291.1 (595.0) 11.0 18.9 (105.6) (79.0) (69.4) (22.1) (143.5) 689.2 (184.5) 17.3 77
(B) (i) (i) 2011 2011 2011 2010 2010 2010 1,170.3 1,647.1 0.71x 816.9 1,787.9 0.46x MPIC 524.2 1,953.2 0.27x 597.8 1,465.3 0.41x Indofood 70.3 4,018.4 0.02x 432.3 3,247.9 0.13x (ii) (739.5) (889.0) 1,764.8 6,879.2 0.26x 1,847.0 5,612.1 0.33x 2011 2011 2011 2010 2010 2010 2.5 0.6 2.0 1.5 1.0 0.5 0 10 11 0.5 0.4 0.3 0.2 0.1 0 PLDT 1,624.8 3,472.1 0.47x 1,209.2 2,221.4 0.54x Philex (82.1) 617.0 (82.8) 473.5 (i) (ii) PLDT MPICMPIC IndofoodSIMP PLDT DigitelPhilex 0.26SIMP 78
2011 2010 2011 2010 36% 30% 1 1,119.3 645.4 1,120.0 646.5 1 2 126.0 650.6 126.7 657.8 2 5 1,125.8 1,062.7 1,136.6 1,064.5 5 1,323.9 1,080.5 1,343.0 1,099.0 3,695.0 3,439.2 3,726.3 3,467.8 (a)pldt (i)philex (ii)(b) Indofood SIMP (c) MPIC PLDT Philex 2011 2010 2011 2010 2011 2010 2011 2010 1 593.3 314.8 595.8 318.6 8.0 3.4 8.0 3.4 1 2 239.7 408.9 275.0 442.7 2 5 1,055.3 894.2 1,066.1 923.2 5 787.1 427.9 787.2 428.5 2,675.4 2,045.8 2,724.1 2,113.0 8.0 3.4 8.0 3.4 PLDT Digitel 31% 31% 31% 19% 19% 3% 1 1,119.3 1 2 126.0 2 5 1,125.8 5 1,323.9 3,695.0 1 645.4 1 2 650.6 2 5 1,062.7 5 1,080.5 3,439.2 79
(A) PLDT (i)(ii) 1% PLDT (i) 32.0 6.49 MPIC (i) 12.1 2.45 Indofood (i) 22.3 4.52 Philex (i) 10.9 2.20 Philex Petroleum (i) 0.5 0.09 77.8 15.75 (i) (B) 80
1,768.8 1,136.1 790.1 3,695.0 (i) (353.4) (1,121.8) (393.0) (62.0) (1,930.2) 21% 31% 48% 1,415.4 14.3 397.1 (62.0) 1,764.8 1,177.0 (5.7) (1.0) 1,170.3 MPIC 121.4 402.8 524.2 Indofood 117.0 14.3 (61.0) 70.3 1,768.8 1,136.1 790.1 3,695.0 1,415.4 14.3 397.1 (62.0) 1,764.8 PLDT 1,217.2 413.0 (5.4) 1,624.8 Philex (78.8) (3.3) (82.1) (i) 77 PLDT PLDT22% PLDTPLDT 7% PLDT0.11% Maynilad Metropolitan Waterworks and Sewerage System (MWSS) MayniladMaynilad 81
MeralcoMeralco Meralco 1% 41 42 43 8,400 8,600 8,800 1% (i) 1,177.0 1,177.0 MPIC 121.4 121.4 1.2 0.5 Indofood 117.0 117.0 1.2 0.5 PLDT 1,217.2 262.2 955.0 9.6 1.7 Philex (78.8) (78.8) (0.8) (0.3) 44 45 10 11 11 11 12 3 6 9 11 12 12 2 9,000 9,200 2,553.8 262.2 2,291.6 11.2 2.4 (i) PCI/JCI/SSTI 5,000 4,500 4,000 3,500 2010 12 31 4,201 3,704 3,190 2011 12 31 4,372 3,822 2,646 2011 +4.1% +3.2% 17.1% 2012 3 20 5,102 4,022 3,003 2012 2012 3 20 +16.7% +5.2% +13.5% 3,000 2,500 10 11 11 11 12 3 6 9 11 12 12 2 PCI JCI SSTI 82
46% 54% (i) (ii) 890.1 382.7 (102.5) 1,170.3 MPIC (iii) 623.8 289.1 (388.7) 524.2 Indofood 473.2 1,036.1 (1,439.0) 70.3 1,987.1 1,707.9 (1,930.2) 1,764.8 1,987.1 1,707.9 3,695.0 PLDT 1,818.2 857.2 (1,050.6) 1,624.8 Philex 8.0 (90.1) (82.1) (i) (ii) (iii) MPIC MNTC 1% 1% 382.7 3.8 3.8 MPIC 289.1 2.9 1.2 Indofood 1,036.1 10.3 3.9 PLDT 857.2 8.6 1.6 Philex 8.0 0.1 2,573.1 25.7 10.5 83
12 31 2011 2010 PLDT (i) 3,203.3 2,879.8 MPIC (i) 1,212.5 993.9 Indofood (i) 2,230.0 2,383.6 Philex (i) 1,085.0 837.9 Philex Petroleum (i) 45.7 (ii) 180.2 (1,170.3) (816.9) 6,606.2 6,458.5 14 12 11.46 10 8 6 4 2 6.05 07 12 08 12 09 12 10 12 13.38 8.08 11 12 3,850.4 3,902.4 1.72 1.66 13.38 12.91 8.08 7.00 (%) 39.6 45.8 (i) (ii) MPIC MPIC 84
86 91 92 93 94 95 96 97 98 1. 100 2. 100 3. 115 4. 118 5. 121 6. 121 7. 122 8. 123 9. 123 10. 123 11. 124 12. 125 13. 128 14. 128 15. 130 16. 132 17. 134 18. 135 19. 136 20. 137 21. 137 22. 138 23. 138 24. 139 25. 139 26. 142 27. 142 28. 143 29. 144 30. 145 31. 145 32. 147 33. 149 34. 153 35. 162 36. 165 37. 168 38. 171 39. 171 85
4 2834(D) 9697 28(B) 92171 2,00024 IndofoodPT Salim Ivomas Pratama Tbk (SIMP) SIMPSIMP1.0012.921,024,869 SIMP 1.200.15 1.880.2410 8.001.036.000.77 13.00 1.6712.001.54 22.202.8519.882.55 11 86
25 5457 70 34(A) 571 XV (a)xv7 8 (b)352(c) (A) (%) 1,706,947,154 (C)(i) 44.30 41,405,305 (P) 1.07 31,831,556 26,649,323 (P) 0.69 6,483,256 12,914 (P) 0.00 21,337,388 6,324,150 Graham L. Pickles 3,330,719 CBE 330,000 (P) 0.01 3,743,113 Napoleon L. Nazareno 3,330,000 3,330,000 OBE Chevalier de l'ordre National du Merite 3,330,000 (C) = (P) = (i) First Pacific Investments (B.V.I.) Limited Mega Ring Investments Limited 100% 632,226,599 284,491,191 First Pacific Investments (B.V.I.) Limited Mega Ring Investments LimitedSalerni International LimitedFirst Pacific Investments Limited 56.8% 790,229,364 10.0%46.8%Salerni International LimitedFirst Pacific Investments Limited43.2% Ibrahim Risjad # 30.0% 10.0% 3.2% Ibrahim Risjad # # Ibrahim Risjad 87
(B) MPIC21,342,404 (0.09%)* (P) 224,033 (0.10%)* PLDT (P) 360 0.01% * PLDT (P) 15,4170.01% * PLDT 4,505,000 (0.09%)* Philex (P) 891,250 (0.05%)*Philex Petroleum Corporation (PPC) (P) 25,0000.01% * Meralco (P) MPIC69,596 (C) 10,660,000 (P) 0.04% * 104,874 (0.05%)* PLDT (P) 795,100 (0.02%)*Philex (P) 2,505,000 Philex37,5120.01% *PPC (P) 1,2500.01% * Philex (P) 3,750,000 Philex 1550.01% *PPC (P) 10,000,000 MPIC400,000FPMH Finance Limited200,000 FPT Finance Limited 15,520,335 (0.18%)* Indofood (C) Ibrahim Risjad # 6,406,180 (0.08%)* Indofood (C) 1,329,770 (0.02%)* Indofood (P) 4,396,103,450 (50.07%)* Indofood 2,007,788 (0.14%)* Indofood Agri Resources Ltd. (IndoAgri) (C) 998,200,000 (69.38%)* IndoAgri 20,483,364 (0.13%)* SIMP (C) 12,448,625,000 (78.71%)*SIMP Napoleon L. Nazareno6,6480.01% * MPIC (P) PLDT19,9270.01% * (P) PLDT 4950.01% * (P) 110,000 (0.01%)* Meralco (P) (P) = (C) = * (a)xv7 8(b) 352(c) XV336 5% (a) Salerni International Limited (Salerni)SalerniFirst Pacific Investments Limited (FPIL-Liberia) 46.80%First Pacific Investments (B.V.I.) Limited (FPIL-BVI) 100%Mega Ring Investments Limited (Mega Ring) 100%1,706,947,154 44.30% SalerniSalerni (b) FPIL-LiberiaFPIL-Liberia790,229,364 20.51% FPIL-LiberiaIbrahim Risjad # 87(i) FPIL-Liberia # Ibrahim Risjad 88
(c) FPIL-BVIFPIL-BVI632,226,599 16.41% FPIL-BVIFPIL-BVI (d) Mega Ring284,491,191 7.38% Mega RingMega Ring (e) Lazard Asset Management LLC (Lazard) 272,042,799 7.06%Lazard XV23 7176 34(D) (a) 23 30% 37% 35%33%31% 14A7176 25% 89
90
92171 1981 90 91
12 31 2011 2010 4 5,684.1 4,640.2 (3,910.3) (2,992.8) 1,773.8 1,647.4 209.9 22.6 (405.2) (371.4) (396.1) (357.3) 46.8 (4.5) 5 (186.6) (243.0) 310.4 284.9 6 1,353.0 978.7 7 (217.4) (203.2) 1,135.6 775.5 8 600.9 403.7 534.7 371.8 1,135.6 775.5 9 15.51 10.40 15.29 10.08 10 100171 92
12 31 2011 2010 1,135.6 775.5 (77.1) 201.8 30.4 12.3 12.2 (7.2) 1.6 3.8 (2.5) (1.3) 1.8 (35.4) 211.2 1,100.2 986.7 596.7 500.4 503.5 486.3 1,100.2 986.7 93
12 31 2011 2010 11 1,651.7 1,419.3 12 1,280.9 1,162.6 14 3,035.1 2,439.4 15 819.6 817.1 16 2,105.9 1,960.1 17 32.5 23.8 18 33.1 13.8 19 109.9 82.8 20 11.1 21 236.0 212.0 9,315.8 8,130.9 22 1,875.4 1,538.8 20 43.7 53.4 18 63.4 62.8 17 581.8 492.7 23 731.7 635.5 3,296.0 2,783.2 24 796.5 707.5 25 1,119.3 645.4 26 49.6 54.4 27 137.6 97.5 2,103.0 1,504.8 1,193.0 1,278.4 10,508.8 9,409.3 28 38.5 39.0 1,284.6 858.7 29 1,699.6 1,677.5 3,022.7 2,575.2 30 3,856.5 3,036.9 6,879.2 5,612.1 25 2,575.7 2,793.8 27 607.2 573.1 19 446.7 430.3 3,629.6 3,797.2 10,508.8 9,409.3 100171 94
12 31 2011 2010 13 1,028.4 1,006.2 1,028.4 1,006.2 22 85.4 256.2 13(A) 2,465.0 2,079.6 7.8 0.5 0.1 2,550.9 2,343.7 13(B) 928.1 697.4 1.1 0.9 929.2 698.3 1,621.7 1,645.4 2,650.1 2,651.6 28 38.5 39.0 106.5 262.2 1,502.1 1,486.7 1,647.1 1,787.9 13(C) 1,003.0 863.7 2,650.1 2,651.6 100171 95
2010 1 1 38.6 1,245.9 43.1 1.2 22.4 (1.2) 0.3 9.5 556.4 1,916.2 2,122.9 4,039.1 403.7 403.7 371.8 775.5 94.5 5.3 (3.6) (1.3) 1.8 96.7 114.5 211.2 94.5 5.3 (3.6) (1.3) 1.8 403.7 500.4 486.3 986.7 28(A) 0.7 27.1 (8.9) 18.9 18.9 28(B) (0.3) 0.3 (22.4) (22.4) (22.4) 6.6 6.6 0.2 6.8 2009 (39.6) (39.6) (39.6) 2010 10 (29.9) (29.9) (29.9) 2010 10 (9.5) (9.5) (9.5) (82.4) (82.4) (0.6) (0.3) (0.9) (0.9) 31(B) 5.0 5.0 234.7 234.7 504.9 739.6 0.7 0.7 0.7 2010 12 31 39.0 1,273.0 40.2 95.4 27.7 (4.8) (1.0) 235.4 11.6 858.7 2,575.2 3,036.9 5,612.1 2011 1 1 39.0 1,273.0 40.2 95.4 27.7 (4.8) (1.0) 235.4 11.6 858.7 2,575.2 3,036.9 5,612.1 600.9 600.9 534.7 1,135.6 (39.7) 23.8 14.2 (2.5) (4.2) (31.2) (35.4) (39.7) 23.8 14.2 (2.5) 600.9 596.7 503.5 1,100.2 28(A) 0.2 16.2 (5.4) 11.0 11.0 28(B) (0.7) 0.7 (69.4) (69.4) (69.4) 4.9 4.9 0.3 5.2 2010 10 (60.0) (60.0) (60.0) 2011 10 (39.6) (39.6) (39.6) 2011 10 (6.0) (6.0) (6.0) (138.1) (138.1) (1.3) 13.2 11.9 453.9 465.8 (2.0) (2.0) (2.0) 2011 12 31 38.5 1,289.2 39.7 52.4 51.5 9.4 (3.5) 248.6 12.3 1,284.6 3,022.7 3,856.5 6,879.2 100171 96
2010 1 1 38.6 1,245.9 41.9 0.2 173.8 307.9 1,808.3 55.7 55.7 28(A) 0.7 27.1 (8.9) 18.9 28(B) (0.3) 0.3 (22.4) (22.4) 6.4 6.4 2009 (39.6) (39.6) 2010 10 (29.9) (29.9) 2010 10 (9.5) (9.5) 2010 12 31 39.0 1,273.0 39.4 0.5 173.8 262.2 1,787.9 19.3 19.3 28(A) 0.2 16.2 (5.4) 11.0 28(B) (0.7) 0.7 (69.4) (69.4) 3.9 3.9 2010 10 (60.0) (60.0) 2011 10 (39.6) (39.6) 2011 10 (6.0) (6.0) 2011 12 31 38.5 1,289.2 37.9 1.2 173.8 106.5 1,647.1 100171 97
12 31 2011 2010 1,353.0 978.7 5 255.5 274.9 6 127.4 119.0 6 84.1 71.9 6 12.6 (9.5) 6 6.6 1.4 33(A) 4.8 7.2 (310.4) (284.9) 6 (209.9) 0.4 5 (68.9) (31.9) 6 (48.5) (34.0) 6 (6.5) (8.3) 6 (5.4) (5.8) 6 (21.2) 6 (1.8) 6 (0.1) (8.0) (8.7) 1,186.4 1,047.3 100.0 232.5 4.7 (27.5) (107.6) (58.7) (103.6) (58.3) (21.0) 98.0 1,058.9 1,233.3 70.0 29.7 (256.6) (211.0) 26 (229.8) (232.1) 642.5 819.9... 98
12 31 2011 2010 14(B) 259.5 238.2 10.8 10.4 6.5 8.3 1.2 0.2 31(A) (476.6) (59.4) (255.7) (243.0) (204.4) (198.3) (101.6) (72.4) 31(B) (8.8) (5.9) (5.7) 248.8 23.3 5.4 1.1 0.1 (774.6) (43.4) 1,168.2 1,364.9 31(C) 479.5 671.7 13.1 85.4 11.0 20.3 (861.2) (1,960.3) (138.1) (82.4) (105.6) (79.0) (69.4) (22.1) (11.2) (40.1) (9.5) (1.4) (23.2) (0.4) 53.9 19.1 (146.5) 475.0 (138.3) 342.9 638.2 1 1 1,538.7 883.9 (6.7) 16.6 12 31 1,874.9 1,538.7 1,875.4 1,538.8 (0.5) (0.1) 12 31 1,874.9 1,538.7 100171 99
1. Canon s Court, 22 Victoria Street, Hamilton HM12, Bermuda 2. (A) (B) 24 1 14 19 (i) 7 (ii) (i) (ii) (iii) (i) (ii) (iii) 24(a)(b) (c) 100
(C) 1 12 19 27 28 32 1 7 7 9 10 11 12 13 20 (i) (ii) (iii) (iii) (iii) (iv) (v) (v) (iii) (vi) (iii) (iii) (iii) (iii) (iii) (i) (ii) (iii) (iv) (v) (vi) 1 12 19 101112 2728 32 101
1 (a) (b) 39 7(a) (b) 7 9 39 9 3939 10 2710 27 27 12 11 1131 13 12 (a)(b) 13 102
20 (i) (ii) (D) (a) (I) 27 (i) (ii)(iii) (iv) (v) (vi)(vii) (viii) (ix) 103
(II) 39 5 (III) (b) (c) 104
(d) 11(A) (e) 1 105
(f) 20% (g) (h) 106
(i) (j) (k) (l) 107
(m) (I) (II) (III) (n) (I) (II) 108
(III) (i) (ii) (iii) (IV) (o) (p) (q) 109
(r) (I) (II) (III) 110
(IV) (V) (s) (t) 111
39 (i) (ii) (i) (ii) (i)(ii) (iii) 112
(i) (ii)(iii) (I) (II) (III) 113
(u) (i) (ii) (iii)(iv) (i) (ii) (iii) (v) 114
(w) (I) (i) (ii) (iii) (II) (i) (ii) (iii) (iv) (v) (vi) (I) (vii) (I) (i) 3. (A) (a) 39 2(D)(t) (b) Maynilad Water Services, Inc. (Maynilad) Manila North Tollways Corporation (MNTC) 12 2(D)(h) 115
(B) (a) (b) (c) (d) 116
(e) (f) (g) (h) (i) 117
(j) 4. 2011 2010 5,063.5 4,118.8 620.6 521.4 5,684.1 4,640.2 118
2011 12 31 12 31 2011 510.4 5,173.7 5,684.1 215.0 68.2 50.1 178.5 (88.8) 423.0 1,547.8 799.8 677.6 9.9 3,035.1 2,771.3 6,693.6 111.8 9,576.7 1,547.8 3,571.1 677.6 6,703.5 111.8 12,611.8 912.9 1,509.3 1,272.8 3,695.0 765.4 1,159.0 113.2 2,037.6 1,678.3 2,668.3 1,386.0 5,732.6 (73.1) (139.0) (4.2) (216.3) (4.6) (2.0) (6.6) 16.0 51.4 1.5 68.9 (88.0) (100.7) (66.8) (255.5) 203.3 50.4 55.9 (0.1) 0.9 310.4 (9.6) (189.3) (18.5) (217.4) 338.8 384.0 342.5 0.9 1,066.2 119
2010 12 31 12 31 2010 412.2 4,228.0 4,640.2 224.1 46.9 30.9 172.1 (71.9) 402.1 1,078.9 751.5 606.0 3.0 2,439.4 2,199.5 5,999.8 275.4 8,474.7 1,078.9 2,951.0 606.0 6,002.8 275.4 10,914.1 741.9 1,593.4 1,103.9 3,439.2 608.6 1,144.0 110.2 1,862.8 1,350.5 2,737.4 1,214.1 5,302.0 (57.0) (134.3) (6.8) (198.1) (0.2) (1.2) (1.4) 12.7 18.1 1.1 31.9 (92.8) (129.2) (52.9) (274.9) 242.8 11.2 32.9 (2.2) 0.2 284.9 (2.3) (181.9) (19.0) (203.2) 243.6 294.7 538.3 2011 2010 1,353.0 978.7 8 13.8 (11.3) 6 (48.5) (34.0) (164.4) 37.0 (730.9) (568.3) 423.0 402.1 120
5. 2011 2010 5 162.9 205.8 5 111.1 90.0 (11.8) (13.1) (6.7) (7.0) (0.8) 255.5 274.9 (68.9) (31.9) 186.6 243.0 15.6%8.8% 6. 2011 2010 (2,803.2) (2,079.6) 33(A) (511.3) (463.1) (207.0) (176.3) 11 (127.4) (119.0) 16 (84.1) (71.9) 8 (12.6) 9.5 (12.0) (10.6) (10.1) (8.6) (4.9) (3.5) (i) (0.2) (0.8) (ii) 17(C) (4.1) (0.2) (iii) (2.0) (iii) 11 (0.5) (ii) 15 (1.2) 209.9 (0.4) 12 48.5 34.0 6.5 8.3 5.4 5.8 21.2 1.8 0.8 0.1 (i) 10 (ii) (iii) 121
7. 2011 2010 26 216.1 198.2 19 1.3 5.0 217.4 203.2 2011 2010 135.2 90.5 0.3 9.3 135.5 99.8 2011 2010 % % 1,353.0 978.7 380.1 28.1 268.4 27.4 16.9 1.2 8.3 0.8 (95.0) (7.0) (40.1) (4.1) (60.8) (4.5) (51.6) (5.2) (23.8) (1.7) 18.2 1.9 217.4 16.1 203.2 20.8 122
8. 2011 2010 6 (12.6) 9.5 (1.2) 1.8 4 (13.8) 11.3 6.7 (8.5) (7.1) 2.8 PLDTDigitel 3.4%PLDTPLDTSmart Meralco 9. (a)(i) (ii) (b) 10. 2011 2010 2011 2010 1.03 0.77 39.6 29.9 0.15 0.24 6.0 9.5 1.67 1.54 64.2 60.0 2.85 2.55 109.8 99.4 123
IndofoodPT Salim Ivomas Pratama Tbk (SIMP) 15 SIMP1547,448,000 SIMP 1.5%2,00024 SIMP 2,000 SIMP SIMP 1,10012.91.00 0.151.20 IndofoodPT Indofood CBP Sukses Makmur Tbk (ICBP) 15ICBP15 17,492,500 ICBP 1.5%2,000 ICBP2,000 ICBPICBP 5,39560.64.70 0.24 1.88 11. 2011 1 1 661.5 1,556.1 2,217.6 (5.4) (20.8) (26.2) 2.3 265.2 267.5 31(B) 97.1 16.7 113.8 (33.8) (22.0) (55.8) 2.2 2.2 2011 12 31 721.7 1,797.4 2,519.1 2011 1 1 188.2 610.1 798.3 (3.7) (4.7) (8.4) 6 26.3 101.1 127.4 6 0.5 0.5 (33.8) (16.6) (50.4) 2011 12 31 177.0 690.4 867.4 2011 12 31 544.7 1,107.0 1,651.7 124
2010 1 1 624.3 1,288.8 1,913.1 23.4 51.5 74.9 3.0 220.0 223.0 31(B) 12.4 7.2 19.6 (1.6) (11.4) (13.0) 2010 12 31 661.5 1,556.1 2,217.6 2010 1 1 159.2 504.9 664.1 5.3 18.3 23.6 6 24.3 94.7 119.0 (0.6) (7.8) (8.4) 2010 12 31 188.2 610.1 798.3 2010 12 31 473.3 946.0 1,419.3 (A) 2.5% 20.0% 4.0% 50.0% (B) (C) 10 50 (D) 25(E) 12. 2011 2010 1 1 1,162.6 1,009.2 (14.4) 50.2 102.1 82.0 (19.5) (9.6) (0.2) (0.3) 6 48.5 34.0 (i) 1.8 (2.9) 12 31 1,280.9 1,162.6 (i) 125
2011 2010 158,163 155,400 58,674 49,664 17,745 17,556 4,440 4,472 11,302 8,784 953 2,517 3,364 3,199 348 515 254,989 242,107 (A) Indofood (B) (a) (b) (c) 14.2%18.2% (d) (e) 126
(C) 1 (a) (b) 14.6%17.7% (c) 1 (d) (D) (a) (b) 9.7%11.7% (c) (d) (E) (%) 2011 2010 (%) 10 220.9 10 233.2 (10) (317.6) (10) (276.6) 1 (41.2) 1 (38.8) (1) 43.1 (1) 40.6 (F) 25(E) 127
13. 2011 2010 1,137.5 1,128.3 (109.1) (122.1) 1,028.4 1,006.2 (A) 3.3%3.3% (B) 1.6%1.7% (C) 2.3% 7.4%1.4% 7.4% (D) 14. 2011 2010 2011 2010 2011 2010 2,786.1 2,447.9 2,786.1 2,447.9 84.1 73.5 506.6 506.6 590.7 580.1 29 (567.5) (767.5) 28.8 (16.1) (538.7) (783.6) 182.7 182.7 182.7 182.7 (3.0) (5.0) 17.3 17.3 14.3 12.3 2,299.7 1,748.9 735.4 690.5 3,035.1 2,439.4 (A) (B) (C) PLDT Philex 128
(D) PLDTPLDT PLDT PLDT PLDTPLDT (E) PhilexPhilex Philex PadcalTubaBoyongan BayugoSurogao del NorteSilanganPhilex Placer, Surigao del NorteKalayaanKalayaan Copper Resources, Inc.5% 60% (F) MeralcoMeralco 25Bulacan Cavite Metro Manila Rizal Batangas Laguna Pampanga Quezon MeralcoEnergy Regulatory Commission MPIC PLDT PLDT Communications and Energy Ventures, Inc.PCEV Pilipino Telephone Corporation (Piltel)Meralco 14.5% 20%Meralco MeralcoMeralco(a) MPIC PCEV MeralcoMeralco MPIC Meralco(b) MPIC PCEVMeralco (c) MPIC PCEVMeralco Meralco11 MPIC PCEV12 MeralcoMPIC Meralco20% Meralco MPICMeralco MPIC PCEV Beacon Electric Asset Holdings, Inc. (Beacon Electric) MeralcoMPIC PCEVMeralco (a) MPIC PCEVMeralco 14.5%13.7% Beacon ElectricBeacon ElectricMeralco 28.2% PCEVMeralco6.1% (b) PCEVBeacon Electric 50% Beacon Electric MPIC PCEV 50 50(c) MPICBeacon Electric 7.0%MPIC PCEV Beacon ElectricBeacon ElectricMeralco Beacon Electric MPIC PCEV 50 50MPIC PCEV MeralcoMPIC PCEVBeacon Electric/Meralco Beacon ElectricMeralco 6.6% Beacon Electric Meralco4.5%Beacon Electric PCEVMeralco 6.1% Beacon Electric.0%Beacon Electric Meralco45.4% 129
(G) PLDT Philex Meralco PLDT Philex Meralco 12 31 12 31 2011 2010 2011 2010 2011 2010 (i) 3,560.5 3,467.4 376.2 296.7 5,939.1 5,308.1 1,062.5 1,235.6 177.6 103.4 517.5 242.0 790.5 917.8 121.6 70.5 420.7 171.0 791.9 916.9 120.2 71.6 388.3 159.0 1,701.0 1,400.4 189.2 174.3 1,728.5 1,218.2 7,511.0 5,049.4 710.7 576.9 3,548.5 3,504.4 9,212.0 6,449.8 899.9 751.2 5,277.0 4,722.6 (2,768.0) (1,878.2) (61.7) (52.7) (1,173.0) (1,006.8) (2,902.0) (2,344.4) (139.5) (130.9) (2,179.4) (2,016.5) (5,670.0) (4,222.6) (201.2) (183.6) (3,352.4) (3,023.3) (8.8) (7.2) (20.7) (4.7) (128.5) (103.9) 3,533.2 2,220.0 678.0 562.9 1,796.1 1,595.4 (i) PLDT (H) Prime Media Holdings, Inc. 15. 2011 2010 1 1 817.1 775.2 (4.8) 38.6 31(B) 10.2 4.5 6 (1.2) (2.9) 12 31 819.6 817.1 Indofood 371.0 374.0 176.7 178.2 MPIC 114.4 114.4 131.1 131.1 26.4 19.4 819.6 817.1 130
(A) (a) Indofood(b) MPIC (B) Indofood MPICIndofood MPICIndofood 6.7% 11.8%7.1% 16.7%) MPIC 9.2%11.5%10.7%10.9% Indofood 1 6.5%6.5% Indofood 4.0%5.0% MPIC (C) MPICEast Manila Hospital Managers Corporation (EMHMC)Our Lady of Lourdes Hospital, Inc. (OLLHI)Our Lady of Lourdes Hospital OLLHI EMHMC OLLHI EMHMC OLLHI 131
16. 2011 1 1 1,312.1 421.9 421.4 2,155.4 (3.1) (0.1) (3.6) (6.8) 227.3 7.5 234.8 2011 12 31 1,536.3 429.3 417.8 2,383.4 2011 1 1 123.2 28.9 43.2 195.3 (0.6) (0.2) (1.1) (1.9) 6 47.0 14.9 22.2 84.1 2011 12 31 169.6 43.6 64.3 277.5 2011 12 31 1,366.7 385.7 353.5 2,105.9 2010 1 1 1,067.9 373.1 403.1 1,844.1 62.5 20.9 18.3 101.7 181.7 27.9 209.6 2010 12 31 1,312.1 421.9 421.4 2,155.4 2010 1 1 80.9 14.1 20.7 115.7 5.4 1.2 1.1 7.7 6 36.9 13.6 21.4 71.9 2010 12 31 123.2 28.9 43.2 195.3 2010 12 31 1,188.9 393.0 378.2 1,960.1 (A) Metropolitan Waterworks and Sewerage System (MWSS) Maynilad 132
Maynilad MWSS MWSS MWSSMaynilad MWSSMaynilad MayniladMWSSMaynilad MWSS Maynilad(a) (b) (c) Maynilad Maynilad (B) Manila North Tollways Corporation (MNTC) (NLEX) MNTCFirst Philippine Infrastructure Development Corporation (FPIDC) Philippine National Construction Corporation (PNCC) PNCC MNTCNLEX NLEX PNCCMNTC (STOA)PNCC MNTC MNTCSTOA NLEX STOA MNTCPNCC MNTC (C) PT Indolakto (Indolakto) Indomilk Cap Enaak Tiga Sapi Indoeskrim Nice Orchid (D) (E) 30 29 20 (F) 25(E) 133
17. 2011 2010 371.1 299.7 221.4 151.6 21.8 65.2 614.3 516.5 32.5 23.8 581.8 492.7 614.3 516.5 (A) 6.7%9.4% 7.9%7.7% (B) 2011 2010 0 30 335.1 271.5 31 60 11.7 12.5 61 90 8.3 4.7 90 16.0 11.0 371.1 299.7 2011 2010 335.1 283.4 0 30 11.7 6.9 31 60 8.3 2.8 61 90 8.8 6.0 90 7.2 0.6 371.1 299.7 134
(C) 2011 2010 1 1 12.9 24.9 (0.1) 1.3 (1.7) (13.5) 6 4.1 0.2 12 31 15.2 12.9 (D) (E) Indofood30 60 MPIC (a)14 (b) Tollways Management Corporation (TMC) (c) 30 18. 2011 2010 63.3 51.1 7.4% 14.0% 20106.5% 14.0%2013 7 31 2016 3 320102011 7 312015 8 5 13.4 10.0 17.5 13.4 2.3 2.1 96.5 76.6 33.1 13.8 63.4 62.8 96.5 76.6 (A) (B) 25(E) 135
19. 2011 1 1 23.9 3.4 45.2 10.3 82.8 (0.4) (0.1) (0.4) (0.4) (1.3) 31(B) 0.7 0.4 2.2 3.3 7 6.7 1.0 0.6 15.2 23.5 1.6 1.6 2011 12 31 30.2 5.0 45.8 28.9 109.9 2010 1 1 16.7 0.5 17.7 23.4 58.3 0.7 0.1 1.2 1.0 3.0 7 6.5 2.8 26.3 (14.1) 21.5 2010 12 31 23.9 3.4 45.2 10.3 82.8 2011 1 1 (196.6) (99.7) (94.6) (32.4) (7.0) (430.3) 1.8 0.5 0.7 (0.2) 2.8 31(B) (1.3) (1.3) 7 (6.3) (2.2) 5.5 (18.5) (3.3) (24.8) 26 9.1 9.1 (2.2) (2.2) 2011 12 31 (201.1) (101.4) (88.4) (41.8) (14.0) (446.7) 136
2010 1 1 (182.3) (90.6) (97.2) (25.2) (395.3) (13.0) (5.8) (3.4) (1.2) (23.4) 31(B) (1.5) (1.5) 7 (1.3) (3.3) 6.0 (22.4) (5.5) (26.5) 26 16.4 16.4 2010 12 31 (196.6) (99.7) (94.6) (32.4) (7.0) (430.3) 10% 15% 20. 21. 2011 2010 60.3 66.8 53.4 50.6 51.1 57.5 71.2 37.1 236.0 212.0 137
(A) Indofood (B) IndofoodIndofood (C) Indofood (D) 25(E) 22. 2011 2010 2011 2010 1,484.7 1,249.8 22.0 43.1 390.7 289.0 63.4 213.1 1,875.4 1,538.8 85.4 256.2 (A) (B) 25(E) 23. 2011 2010 448.2 390.8 8.9 9.9 274.6 234.8 731.7 635.5 (A) (B) 25(E) 138
24. 2011 2010 234.2 211.1 313.2 285.2 249.1 211.2 796.5 707.5 2011 2010 0 30 221.2 188.5 31 60 1.9 10.6 61 90 1.5 7.9 90 9.6 4.1 234.2 211.1 25. (%) 2011 2010 4.0 18.0 (2010: 8.3 13.0) 2012 (2010: 2011) (A) 900.6 628.7 2.5 10.0 (2010: 2.5 9.5) 2012 (2010: 2011) (B) 218.7 16.7 1,119.3 645.4 4.0 18.0 (2010: 3.7 13.0) 2013 2026 (2010: 2012 2018) (C) 1,624.7 1,515.9 2.5 13.2 (2010: 6.8 13.0) 2013 2020 (2010: 2012 2020) (D) 951.0 1,277.9 2,575.7 2,793.8 3,695.0 3,439.2 139
2011 2010 2011 2010 2011 2010 1 900.6 628.7 218.7 16.7 1,119.3 645.4 12 139.5 417.9 0.8 232.7 140.3 650.6 25 854.2 708.0 259.1 354.7 1,113.3 1,062.7 5 631.0 390.0 691.1 690.5 1,322.1 1,080.5 2,525.3 2,144.6 1,169.7 1,294.6 3,695.0 3,439.2 5 1,894.3 1,754.6 478.6 604.1 2,372.9 2,358.7 5 631.0 390.0 691.1 690.5 1,322.1 1,080.5 2,525.3 2,144.6 1,169.7 1,294.6 3,695.0 3,439.2 2011 2010 1,768.8 1,601.8 1,136.1 1,130.6 790.1 706.8 3,695.0 3,439.2 2011 2010 1,987.1 1,946.5 1,707.9 1,492.7 3,695.0 3,439.2 2011 2010 2011 2010 1,624.7 1,515.9 1,681.0 1,627.1 951.0 1,277.9 1,016.6 1,334.6 2,575.7 2,793.8 2,697.6 2,961.7 2.2% 18.0%3.1% 18.5% 140
(A) PLDT 3.8%4.4% LIBOR 3.2% (B) Indofood 10.0% (C) (a) PLDT 1.1%1.1% LIBOR (b) Philex 9.7%LIBOR (c) PLDT 3.7%LIBOR (d) PLDT 1.1%LIBOR (D) FPMH Finance Limited FPT Finance LimitedIndofood PT Salim Ivomas Pratama (SIMP) (a) FPMH Finance Limited 7.375% (i) MPIC45.5%55.6%(ii) (b) FPT Finance Limited 6.375% PLDT 7.0%8.0% (c) Indofood 13.2% 141
(d) SIMP 11.65% (e) SIMP 11.65% (E) PLDT 16.7%14.9%MPIC 45.5%55.6%Philex 9.7% 5.8%Maynilad 46.8%9.9%MPTC 99.8%99.8% (F) Metro Pacific Corporation (Metro Pacific)Metro Pacific Metro Pacific 26. 2011 2010 1 1 54.4 68.9 (0.2) 3.0 7 216.1 198.2 19 9.1 16.4 279.4 286.5 (229.8) (232.1) 12 31 49.6 54.4 27. 2011 2010 1 1 266.7 278.5 125.4 670.6 580.5 (3.0) 0.2 (0.8) (3.6) 28.7 55.0 46.1 63.2 164.3 151.2 (29.3) (58.2) (16.4) (103.9) (96.7) 31(B) 0.9 18.2 19.1 6.9 (1.7) (1.7) 12 31 290.3 266.6 187.9 744.8 670.6 18.1 119.5 137.6 97.5 290.3 248.5 68.4 607.2 573.1 290.3 266.6 187.9 744.8 670.6 142
MayniladMWSS MayniladMaynilad MWSS Maynilad IndofoodMWSS Asian Hospital, Inc. Asian Hospital, Inc.31(B) 28. 2011 2010 5,000,000,000 20105,000,000,0001 50.0 50.0 1 1 39.0 38.6 0.2 0.7 (0.7) (0.3) 12 31 3,850,415,231 20103,902,373,4781 38.5 39.0 (A) 5.0569 3.1072 1.6698:5.0569 3.1072 1.6698 1 34(D) (a) (B) 143
5,194,000 7.13 6.59 35.5 4.6 4,188,000 6.85 6.48 27.8 3.6 3,310,000 7.17 6.73 23.0 3.0 11,304,000 7.27 6.57 78.1 10.0 16,898,000 7.00 6.52 114.1 14.7 4,112,000 7.78 7.17 30.8 4.0 1,238,000 7.44 7.38 9.2 1.2 18,554,000 7.52 6.06 127.7 16.4 5,650,000 7.30 6.82 39.9 5.2 6,430,000 8.33 7.76 52.1 6.7 76,878,000 538.2 69.4 29. 2011 2010 PLDT (12.7) 11.9 MPIC 46.2 46.5 Indofood 1.8 19.2 Philex 18.3 19.3 (1.2) (1.5) 52.4 95.4 144
2011 2010 2011 2010 2011 2010 (595.1) (814.5) 29.3 (16.4) (565.8) (830.9) 5.6 31.2 (0.5) 0.3 5.1 31.5 8.8 2.6 8.8 2.6 13.2 13.2 13.2 13.2 14 (567.5) (767.5) 28.8 (16.1) (538.7) (783.6) 30. 2011 2010 Indofood 2,879.0 2,238.5 MPIC 977.5 798.4 3,856.5 3,036.9 31. (A) PLDT 2.7% Two Rivers Pacific Holdings Corporation (Two Rivers) Philex 5.9% 145
(B) (i) MPIC MPIC Colinas Riverside Verdes MPIC Hospital OLLHI Asian Managers Hospital Inc. Corporation 2011 2010 2011 2010 13.4 6.9 20.3 7.1 20.3 7.1 17.1 17.1 17.1 29.8 29.8 1.2 29.8 1.2 1.0 (ii) 1.0 1.0 60.3 7.9 68.2 8.3 68.2 8.3 11 88.0 25.8 113.8 19.6 107.0 19.6 0.7 0.7 0.7 3.1 3.1 19 2.4 0.9 3.3 3.3 0.8 0.1 0.9 0.2 0.6 0.2 6.9 4.6 11.5 1.2 11.5 1.2 5.5 3.3 8.8 2.6 8.8 2.6 1.1 0.9 2.0 0.9 2.0 0.9 (10.3) (13.6) (23.9) (5.2) (24.0) (5.2) (4.3) (4.3) (1.1) (4.3) (1.1) 27 (6.9) (6.9) (34.4) (34.4) (4.1) (32.0) (4.1) 27 (0.6) (18.5) (19.1) (17.9) 19 (0.8) (0.5) (1.3) (1.5) (1.5) 55.0 3.0 58.0 8.8 55.7 8.8 (5.0) 55.0 3.0 58.0 3.8 15 5.3 (i) 4.9 (i) 10.2 4.5 (6.5) (2.3) (8.8) (5.9) (i) (ii) MPIC Colinas Verdes Hospital Managers Corporation 146
MPIC34.5%Medical Doctors, Inc. (MDI)Colinas Verdes Hospital Managers Corporation (CVHMC) 100% CVHMC San Juan Cardinal Santos Medical Center MPICAsian Hospital Inc. (AHI) 51.9%AHI Muntinpula Alabang Filinvest Corporate City219 MPIC AHI 4.6%MPICAHI43.5%MPIC AHI 100%AHI (C) SIMP20% SIMP MPIC (D) (a) Metro Pacific Holdings, Inc. MPICMPIC MPIC55.6% 59.6% (b) PhilexPhilex Petroleum Corporation PPCPhilex PhilexPhilex PPCPPCPhilex Philex PPC100%64%PPC 16.8% 32. (A) 2011 2010 740.9 368.9 248.2 59.9 989.1 428.8 Indofood Maynilad MNTC 147
(B) 2011 2010 1 3.5 2.8 2 5 13.2 1.8 5 3.1 0.1 19.8 4.7 1 2.0 2.9 2 5 4.6 4.5 6.6 7.4 26.4 12.1 (C) (a) Indofood (b) Wilson P. GamboaMargarito B. Teves (G.R. No. 176579)Gamboa 60%40% PLDT PLDTGamboaGamboa Philippine Long Distance Telephone Company 148
PLDT PLDT PLDT PLDTPLDT PLDTPLDT PLDTPLDT 60%150,000,000 PLDT 59%35% PLDT PLDTPLDT PLDT 33. (A) 2011 2010 325.5 298.3 66.3 53.4 51.3 49.5 55.0 50.1 8.4 4.6 4.8 7.2 6 511.3 463.1 71,457 70,121 34(A) 149
(B) (a) 16,83117,690 10% 10% (b) 5,8944,153 PT Sentra Jasa Aktuaria Expert in Life Insurance in Indonesia Actuarial Advisers, Inc. Institutional Synergy, Inc. FASP E.M. Zalamea Actuarial Services, Inc. 78.6% 95.9%) 47,35247,521 PT Sentra Jasa Aktuaria PT Jasa Aktuaria Praptasentosa Gunajasa Expert in Life Insurance in Indonesia (I) 2011 2010 (35.9) (282.6) (318.5) (292.5) 28.2 28.2 25.8 (7.7) (282.6) (290.3) (266.7) 150
(II) 2011 2010 1 1 (26.9) (262.7) (289.6) (224.3) 3.6 3.6 (13.4) (2.5) (20.0) (22.5) (20.5) (2.4) (24.2) (26.6) (25.5) (5.0) 13.3 8.3 (25.5) 0.9 7.4 8.3 16.7 12 31 (35.9) (282.6) (318.5) (292.5) (III) 2011 2010 1 1 25.8 19.4 1.1 2.3 1.7 (0.6) 0.6 1.6 3.1 (0.9) (0.1) 12 31 28.2 25.8 (IV) 2011 2010 27% 30% 43% 36% 30% 34% 151
(V) 2011 2010 2009 2008 2007 (35.9) (26.9) (20.6) (18.5) (11.0) 28.2 25.8 19.4 11.0 6.3 (7.7) (1.1) (1.2) (7.5) (4.7) 10.5 11.5 (5.5) (4.1) (0.7) (1.1) (1.8) (0.8) (0.6) (VI) 2011 2010 2.5 20.0 22.5 20.5 2.4 24.2 26.6 25.5 (2.3) (2.3) (1.7) 5.6 (13.3) (7.7) 24.9 (i) 8.2 30.9 39.1 69.2 8% 9% (i) (VII) 2011 2010 9% 9% 9% 9% 9% 9% 9% 9% 16.4 16.2 (VIII) (C) 161B 152
34. (A) 2011 (i) (ii) (iii) 2011 2,732 25 2,757 2,644 868 156 2,377 780 6,825 1,201 184 724 470 2,579 1,269 26 2 1,101 400 2,798 Albert F. del Rosario (iv) 246 246 40 40 Ibrahim Risjad (v) 115 115 Napoleon L. Nazareno 1,876 2,043 155 4,074 Graham L. Pickles 85 85 CBE 70 70 KBE (vi) 5 32 37 391 50 441 OBE Chevalier de I'Ordre National du Merite (vii) 172 25 197 9,722 1,078 882 5,521 2,213 816 32 20,264 (i) (ii) (iii) (iv) Albert F. del Rosario (v) Ibrahim Risjad (vi) (vii) 153
2010 (i) 2010 (ii) (iii) 2,145 15 2,160 2,281 843 142 2,470 1,449 7,185 753 167 724 851 2,495 1,119 24 2 1,000 831 2,976 Albert F. del Rosario (iv) 3 221 224 (v) 60 60 Ibrahim Risjad (vi) 5 5 113 113 Napoleon L. Nazareno 1,668 3,099 777 103 5,647 Graham L. Pickles 85 85 CBE 85 85 KBE (vii) 35 77 112 414 55 469 7,966 1,034 868 6,569 4,325 777 77 21,616 (i) (ii) (iii) (iv) Albert F. del Rosario (v) (vi) Ibrahim Risjad (vii) PLDT (B) 154
(C) 2011 2010 50.6 43.1 1.8 1.5 30.7 26.3 4.8 7.2 0.8 0.8 88.7 78.9 (D) (a) 2011 2011 1 1 12 31 (i) (i) (i) 31,831,556 31,831,556 5.0569 5.0569 2007 9 5 2012 9 2008 9 2017 9 11,483,256 (5,000,000) 6,483,256 5.0569 5.0569 7.98 2007 9 5 2012 9 2008 9 2017 9 10,000,000 (5,000,000) 5,000,000 1.6698 1.6698 8.01 8.43 2004 6 1 2008 12 2005 6 2014 5 16,337,388 16,337,388 5.0569 5.0569 2007 9 5 2012 9 2008 9 2017 9 Albert F. del Rosario (ii) 3,330,719 (3,330,719) 5.0569 5.0569 6.82 7.13 2007 9 5 2008 9 2008 9 2017 9 2,993,431 2,993,431 1.6698 1.6698 2004 6 1 2005 6 2005 6 2014 5 3,330,719 3,330,719 5.0569 5.0569 2007 9 5 2008 9 2008 9 2017 9 Napoleon L. Nazareno 3,330,000 3,330,000 5.0569 4.61 2009 12 11 2010 12 2010 12 2019 12 Graham L. Pickles 3,330,719 3,330,719 5.0569 5.0569 2007 9 5 2008 9 2008 9 2017 9 CBE 1,412,394 (1,000,000) 412,394 1.6698 1.6698 8.33 8.43 2004 6 1 2005 6 2005 6 2014 5 3,330,719 3,330,719 5.0569 5.0569 2007 9 5 2008 9 2008 9 2017 9 KBE (iii) 2,330,719 (2,330,719) 5.0569 5.0569 6.76 6.96 2007 9 5 2008 9 2008 9 2017 9 3,330,000 3,330,000 5.0569 4.61 2009 12 11 2011 12 2011 12 2019 12 OBE Chevalier de l Ordre National du Merite (iv) 3,330,000 3,330,000 7.44 7.44 2011 8 30 2013 8 2013 8 2021 8 14,241,158 (5,258,315) 8,982,843 1.6698 1.6698 7.07 8.62 2004 6 1 2008 12 2005 6 2014 5 2,743,113 (1,000,000) 1,743,113 3.1072 3.0834 7.65 8.62 2006 6 7 2010 12 2007 6 2016 6 44,500,938 (2,000,000) 42,500,938 5.0569 5.0569 6.65 9.05 2007 9 5 2012 9 2008 9 2017 9 5,400,000 5,400,000 5.31 5.31 2010 6 18 2014 6 2012 6 2020 6 163,256,829 (24,919,753) 3,330,000 141,667,076 (v) (i) (ii) Albert F. del Rosario (iii) (iv) (v) 110,566,430 155