2015 Annual Report

Business Review

Key Financial Figures (in PHP Millions)

Revenues for Burgos Wind increased by PHP2,166.0 million to PHP2,354.3 million due to the full year operations of Burgos Wind, as the wind project started commercial operations in November 2014. Burgos Wind, however, contributed a net loss of PHP39.5 million in 2015, which was PHP41.9 million or 51.5 percent lower as compared to its net loss contribution of PHP81.4 million in 2014 mainly due to interest expenses incurred on its USD315.0 million debt facility. Revenues were also artificially capped due to a transmission line constraint that was addressed in September 2015.

Burgos Solar began operations in March 2015, which contributed an additional PHP49.3 million in revenues and PHP20.4 million in net income.

 

Operating Statistics

Pages: 1 2 3 4

Key Financial Figures (in PHP Millions)

Revenues for Burgos Wind increased by PHP2,166.0 million to PHP2,354.3 million due to the full year operations of Burgos Wind, as the wind project started commercial operations in November 2014. Burgos Wind, however, contributed a net loss of PHP39.5 million in 2015, which was PHP41.9 million or 51.5 percent lower as compared to its net loss contribution of PHP81.4 million in 2014 mainly due to interest expenses incurred on its USD315.0 million debt facility. Revenues were also artificially capped due to a transmission line constraint that was addressed in September 2015.

Burgos Solar began operations in March 2015, which contributed an additional PHP49.3 million in revenues and PHP20.4 million in net income.

 

Operating Statistics

Pages: 1 2 3 4