Page 117

- Notes 72 -

to Consolidated Financial Statements

As of December 31, 2013 and 2012, there was no conveyance yet of ABCC’s shares of stock from DMWAI to ALPHA nor has DMWAI conveyed the additional four hectares of land to ABCC. The related subscription receivable of P =1,472.8 million was recognized as deduction from the subscribed capital stock in the equity section of the consolidated balance sheets. Retained Earnings Accumulated equity in net income of associates, subsidiaries and joint ventures not available for dividend declaration amounted to = P14,168.1 million and = P7,810.7 million as of December 31, 2013 and 2012, respectively. Treasury Shares In accordance with the buy-back of P =10.0 million worth of ALPHA’s shares as approved by the BOD on February 12, 2001, ALPHA bought 217,000 shares in 2009 and 4,000 shares in 2008 amounting to = P0.7 million and = P0.01 million, respectively. Total cost of 423,900 treasury shares amounted to P =1.2 million as of December 31, 2013 and 2012. 19. Related Party Disclosures Parties are considered to be related if one party has the ability to control, directly or indirectly, the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or are related parties of key management personnel. The Group, in its regular conduct of business, has transactions with its related parties. The following tables summarize the transactions with the related parties and outstanding balance arising from these transactions. Associates: AHEC ASAI ASRI Total

Related parties under common key management

Year

Purchases

Rental

2013 2012 2011 2013 2012 2011 2013 2012 2011 2013 2012 2011

P1,818,211 = 67,665,676 258,161,266 64,167,651 15,787,842 – – 179,476 82,760 =65,985,862 P 83,632,994 258,244,026

P64,165 = 58,735 259,232 564,969 366,844 – – 1,677,430 787,379 =629,134 P 2,103,009 1,046,611

2013 2012 2011

P =1,066,902 11,417 =– P

P =72,046,977 68,780,678 =60,501,332 P

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