Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of PhP909.32 billion as of 30 September 2019. Of this amount, actual collection amounted to PhP579.97 billion as of this period.

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

Assets	Generated	Collected	Balance
Generating Assets	162.791/	162.79	0.000
Decommissioned Plants	0.64	0.64	0.000
Transmission Business (Concession Fees)	264.8022/	185.00	80.71
Appointment of IPPAs	481.09	234.763/	229.084/
Total	909.32	582.29	306.79

^1/ Includes priva- related account such as interest on deferred payments, lease rental, land settlement price and option prices
^2/ Privatization Proceeds relative to concession fees are inclusive of Interest on deferred payment
^3/ Collections include adjustments in IPPA proceeds based on IPP plant operation
^4/ Remaining IPPA receivable at June booking rate PhP42.750 = $1

Total collections of PhP582.29 billion as of September 2019, including interest income on placements, were exclusively utilized for the liquidation of financial obligations amounting to PhP637.65 billion as of September 2019.

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

Utilization	Amount (In PHP Billion)
Debt Prepayment	66.19
Regular Debt Service	383.47
BOT Lease Obligations	187.99
Other Privatization-Related Expenses	5.02
TransCo OPEX	0.05
Total	642.72

USD1:PhP51.013 (BSP Guiding Rate dated 31 July 2019)