Financial Management
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)