Philippine Accounting Standards

PAS Title PAS 1 Presentation of Financial Statements [superseded by PAS 1 (Revised)] Amendment to PAS 1: Capital Disclosures PAS 1 (Revised) Presentation of Financial Statements Amendments to PAS 32 and PAS 1: Puttable Financial Instruments and Obligations Arising on Liquidation Amendments to PAS 1: Presentation of Items of Other Comprehensive Income PAS 2 PAS 7 PAS 8 PAS 10 PAS 11 PAS 12 Inventories Cash Flow Statements Accounting Policies, Changes in Accounting Estimates and Errors Events after the Balance Sheet Date Construction Contracts Income Taxes Amendments to PAS 12 Deferred Tax: Recovery of Underlying Assets PAS 14 PAS 16 PAS 17 PAS 18 PAS 19 Segment Reporting [superseded by PFRS 8] Property, Plant and Equipment Leases Revenue Employee Benefits Amendments to PAS 19: Actuarial Gains and Losses, Group Plans and Disclosures PAS 19 (Amended) PAS 20 PAS 21 Employee Benefits Accounting for Government Grants and Disclosure of Government Assistance The Effects of Changes in Foreign Exchange Rates Amendment: Net Investment in a Foreign Operation PAS 23 PAS 23 (Revised) PAS 24 PAS 24 (Revised) PAS 26 PAS 27 PAS 27 (Revised) Borrowing Costs [superseded by PAS 23 (Revised)] Borrowing Costs Related Party Disclosures [superseded by PAS 24 (Revised)] Related Party Disclosures Accounting and Reporting by Retirement Benefit Plans Consolidated and Separate Financial Statements [superseded by PAS 27 (revised)] Consolidated and Separate Financial Statements Amendments to PFRS 1 and PAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate PAS 27 (Amended) PAS 28 PAS 28 (Amended) Separate Financial Statements Investments in Associates Investments in Associates and Joint Ventures Effective Date 01/01/05 01/01/07 01/01/09 01/01/09 07/01/12* 01/01/05 01/01/05 01/01/05 01/01/05 01/01/05 01/01/05 01/01/12 01/01/05 01/01/05 01/01/05 01/01/05 01/01/05 01/01/06 01/01/13* 01/01/05 01/01/05 01/01/06 01/01/05 01/01/09 01/01/05 01/01/11 01/01/05 01/01/05 07/01/09 01/01/09 01/01/13* 01/01/05 01/01/13*

PAS 29 PAS 30 PAS 31 PAS 32

Financial Reporting in Hyperinflationary Economies Disclosures in the Financial Statements of Banks and Similar Financial Institutions [superseded by PFRS 7] Interests in Joint Ventures Financial Instruments: Disclosure and Presentation Financial Instruments: Presentation Amendments to PAS 32 and PAS 1: Puttable Financial Instruments and Obligations Arising on Liquidation Amendment to PAS 32: Classification of Rights Issues Amendments to PAS 32: Offsetting Financial Assets and Financial Liabilities

01/01/05 01/01/05 01/01/05 01/01/05 01/01/07 01/01/09 02/01/10 01/01/14* 01/01/05 01/01/05 01/01/05 01/01/05 01/01/05 01/01/05 01/01/05 01/01/06 01/01/06 01/01/06 07/01/08

PAS 33 PAS 34 PAS 36 PAS 37 PAS 38 PAS 39

Earnings per Share Interim Financial Reporting Impairment of Assets Provisions, Contingent Liabilities and Contingent Assets Intangible Assets Financial Instruments: Recognition and Measurement Amendments to PAS 39: Transition and Initial Recognition of Financial Assets and Financial Liabilities Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast Intragroup Transactions Amendments to PAS 39: The Fair Value Option Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets Effective Date and Transition

07/01/08

Amendments to Philippine Interpretation IFRIC9 and PAS 39: Embedded Derivatives Amendment to PAS 39: Eligible Hedged Items PAS 40 PAS 41 PAS 101 Investment Property Agriculture Financial Reporting Standards for Non-publicly Accountable Entities[superseded by PFRS for SMEs] Amendment to PAS 101: Change in Effective Date

06/30/09 07/01/09 01/01/05 01/01/05 01/01/05 01/01/05