Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of PHP910.16 billion as of end 28 March 2019. Of this amount, actual collection amounted to PHP571.43 billion as of this period.

Privatization Proceeds Generation and Collection
As of 28 March 2019
(In PHP Billion)

Assets	Generated	Collected	Balance
Generating Assets	162.23	162.23	0.000
Decommissioned Plants	0.63	0.63	0.000
Transmission Business (Concession Fees)	264.80[1]	182.32	84.48
Appointment of IPPAs	482.50	226.25[2]	256.25
Total	910.16	571.43	338.73

^[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.

Total collections of PHP571.43 billion as of March 2019, including interest income on placements, were exclusively utilized for the liquidation of financial obligations amounting to PHP624.80 billion as of March 2019.

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

Utilization	Amount (In PHP Billion)
Debt Prepayment	68.49
Regular Debt Service	383.58
BOT Lease Obligations	172.73
Subtotal	624.80
Other Privatization-Related Expenses	5.07
TransCo OPEX	0.05
Total	629.92

USD1:PhP52.7820 (BSP Guiding Rate dated 30 March 2019)