Financial Management
Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of USD19.957 billion as of 3rd quarter 2016. Of this amount, actual collection amounted to USD10.804 billion as of this period.

Privatization Proceeds Generation and Collection
As of 3rd Quarter 2016
In USD Billion

Assets Generated Collected Balance
Generating Assets 3.605 3.605 0.000
Decommissioned Plants 0.007 0.007 0.000
Transmission Business (TransCo) 6.100 3.963 2.137
Appointment of IPPAs 10.245 3.229 7.016
Total 19.957 10.804 9.153

Out of the USD9.713 billion privatization proceeds utilized, USD9.611 billion or 98.95% was used for the liquidation of financial obligations. The difference between the total amount collected and total utilization in the amount of USD1.091 billion is placed in temporary investments while awaiting utilization.

Privatization Proceeds Utilization
As of 3rd Quarter 2016
In USD Billion

Utilization Amount
(In USD Billion)
Debt Prepayment 1.298
Regular Debt Service 5.742
BOT Lease Obligations 2.570
Other Privatization-Related Expenses 0.102
TransCo OPEX 0.001
Total 9.713

USD1:PhP48.257 (BSP Guiding Rate dated 30 September 2016)