Robust Growth Prospects
JOINT VENTURE PROJECTS
With Shangri-la JVCo
With Hong Kong JVCo
P&L
Realized
*Unrealized
P&L
Realized
*Unrealized
Highlights
Land Sale
Land Sale
Highlights
Land Sale
Land Sale
(PhP Mn)
(PhP Mn)
(PhP Mn)
(PhP Mn)
Revenue
2,507
2,507
Revenue
82
2,623
Net income
1,432
1,432
Net income
18
578
[For the 50% balance]
Income from Land Sale to be
realized together with the Realized
Revenues on the sale of the
condominium units on a revenue
recognition 1
completion basis
percentage
of
The JVCO expects condominium
sales of over 25B
[For the 40% balance]
Income from land sale to be realized
according to percentage of completion of the
estate site development
[For the 60% balance]
Income from Land Sales to be realized
together with the Realized Revenues on the
sale of the condominium units on a revenue
recognition/percentage of completion basis
The JVCO expects condominium sales of over
20BView entire presentation