Financial Management
Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of PHP908.78.16 billion as of end 30 June 2019. Of this amount, actual collection amounted to PHP579.97 billion as of this period.

Privatization Proceeds Generation and Collection
As of 30 June 2019
(In PHP Billion)

Assets Generated Collected Balance
Generating Assets 162.25 162.25 0.000
Decommissioned Plants 0.64 0.64 0.000
Transmission Business (Concession Fees) 264.80[1] 182.32 84.48
Appointment of IPPAs 481.09 234.76[2] 235.823[3]
Total 908.78 579.97 319.22

[1] /Privatization Proceeds relative to concession fees are inclusive of Interest on deferred payment
[2] /Collections include adjustments in IPPA proceeds based on IPP plant operation
[3] /Remaining IPPA receivable at June booking rate PhP51.358 = $1

Total collections of PHP579.97 billion as of June 2019, including interest income on placements, were exclusively utilized for the liquidation of financial obligations amounting to PHP629.27 billion as of June 2019.

Privatization Proceeds Utilization
As of 30 June 2019
(In PHP Billion)

Utilization Amount
(In PHP Billion)
Debt Prepayment 66.64
Regular Debt Service 382.69
BOT Lease Obligations 179.94
  Subtotal 629.27
Other Privatization-Related Expenses 5.03
TransCo OPEX 0.05
  Total 634.25

USD1:PhP51.358 (BSP Guiding Rate dated 28 June 2019)