C O N T E N T S · Privatization Council headed by our Honorable Finance Secretary, Cesar V....

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About PMO

Message of the Officer-In-Charge

Report of the Officer-In-Charge

Financial Reports

Assets for Privatization

Learning and Development

Privatization Council

Management Team

Directory

C O N T E N T S

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The Privatization and Management Office (PMO) is an attached agency under the Department of Finance. The

PMO serves primarily as (a) the marketing arm of the government with respect to transferred-assets, government

corporations and other properties assigned to it by the Privatization Council (PrC) for disposition pursuant to

Executive Order No. 323 (2000), as well as (b) the disposition entity of properties transferred to the Republic under

the Philippine Property Act of 1946, Republic Act No. 8, and Executive Order No. 99 (1947), pursuant to Executive

Order No. 471 (2005).

The PrC is the policy making body, also created under Executive Order No. 323, mandated to oversee the

Philippine Government’s privatization program. It approves all proposed privatization plans prepared by PMO, and

provides final approval for the proposed price and buyer for the assets. The PrC is a cabinet-level body composed of

the Secretary of Finance as Chairman, with the Secretaries of Budget and Management, Trade and Industry,

National Economic and Development Authority and Justice as Members. The National Treasurer and the Chairman

of the Philippine Commission on Good Government sit in the PrC as non-voting members.

The PMO is the successor agency of the defunct Asset Privatization Trust (Trust) whose term ended on December

31, 2000 pursuant to Republic Act No. 7181 (RA 7181), as amended. RA 7181 mandated that, upon the expiration

of the Trust’s corporate life, all powers, functions, duties and responsibilities, all properties, real or personal assets,

equipment and records, as well as obligations and liabilities devolved to the National Government. Thus, Executive

Order No. 323 organized the Privatization Council and the PMO to take over the functions of the Privatization

Committee and APT, respectively.

Take title to and possession of, conserve,

provisionally manage, and dispose of assets,

previously identified for privatization; and, in the

process, reduce the Government’s maintenance

expense on non-performing assets while

generating maximum cash recovery for the

National Government.

~ Promote an orderly, coordinated and efficient

privatization of identified government assets.

~ Broaden economic base by turning state-owned

enterprises and under-utilized assets over to the

private sector.

~ Provide more investment and employment

opportunities to help attain economic growth

and development.

~ Implement the marketing/disposition program for government corporations, assets and other

properties (Executive Order No. 323-2000).

~ Dispose assets and/or rights, mandated under Executive Order No. 372 transferred to the

National Government and held in trust by the PMO (Executive No. 471-2005).

MISSION VISION

MANDATE

ABOUT PMO

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With all the preparations and achievements we had this 2014, I can proudly say that aside from

generating funds for the government, PMO also managed to spend less in the maintenance of the

agency without sacrificing the quality of its services. We also made sure that we continuously improve

the well-being of our personnel by providing competent trainings, which are important not only for

their professional development, but also to ensure that a highly effective and efficient performance of

duties.

I am honored to present the PMO Annual Report for the year 2014 as the appointed Officer-In-

Charge. I am grateful for this opportunity and privileged to spearhead and continue the privatization

program of all government assets and properties assigned to the Office.

All the achievements of PMO would not have been done without the overall effort of the

Privatization Council headed by our Honorable Finance Secretary, Cesar V. Purisima, especially for his

continuing guidance and confidence to the PMO. I would also like to thank all the officers and staff of

PMO for their cooperation and hard work. With the efficiency and performance of the whole PMO

team, the privatization program of the government properties has a great future ahead.

TONI ANGELI V. COO

Officer-In-Charge

MESSAGE OF THE OFFICER-IN-CHARGE

The Privatization and Management Office (PMO) utilized

2014 as a year for preparation for the upcoming selling

activities of major real estate properties, shares of stock and

other assets – thus, PMO’s major accomplishment was the

creation of a comprehensive asset registry for all assets assigned

for disposition/privatization, the identification of at least 22,000

lots/assets from the defunct Board of Liquidators, and

beginning of regular internal appraisal and physical inventory

of remaining assets.

With these developments, there is an assurance of better

transparency and accountability in the privatization of all

government assets and its transactions in the following years.

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A. Remittance of sales and various proceeds of dispositions to the National Treasury

for CY 2014

• The total remittance of the PMO to the Bureau of Treasury (BTR) for the year 2014,

which comprised of sales, leases, dividends, interests and others, is in the sum of

Php412.673 million.

• As provided in Executive Order No. 323 (2000), all receipts from the sale of assets of

PMO, except portions thereof for reimbursable custodianship and/or operational

expenses, are remitted to the National Treasury.

• The National Treasury is mandated to apportion the remittances made by PMO

wherein sixty percent (60%) goes to the special account of the Agrarian Reform Fund

and forty percent (40%) to the General Fund (EO 323).

MAJOR ACCOMPLISHMENTS

Source Collection Remittance to BTR

Sale 442.604 367.481

Lease 26.751 24.076

Dividend 10.244 9.220

Others 13.008 11.896

Total 492.608 412.673

Summary of Collection and Remittance

For the CY 2014

(In Million Pesos)

REPORT OF THE OFFICER IN CHARGE

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B. Collection from sales, leases, dividends, interests and other income for CY 2014:

1. Collection on Sale – P 442.604 Million

A large portion of this account is due to successful collection from prior year’s transaction,

particularly from the sale of National Government/National Power Corporation property

in Makati City. The other collections are from the previous year’s sale of the assets of

Pamintuan Development Corporation and Peninsula Development Bank.

2. Collection on Lease – P 26.751 Million

The amount of P26.751 million was generated from leases of properties formerly owned or

held by the following: (a) Cultural Center of the Philippines, (b) Delta Motor Corporation,

(c) Elorde Sports and Tourism Development Corporation, (d) Marinduque Mining and

Industrial Corporation, (e) National Housing Authority, and (f) National Power

Corporation-Philippine Development Alternatives Foundation.

3. Collection on Dividend – P 10.244 Million

Dividend income amounting to P10.244 million was collected from (a) Semirara Mining

Corporation, and (b) Asean Finance Corporation.

4. Collection on Other Income – P 13.008 Million

The collection from other income represents receipts from the disposition of properties

formerly handled by the defunct Board of Liquidators (BOL) and some other assets

including interest income.

C. Programs

1. Asset Management Inventory and Asset Registry

In 2013, after the historic P24 Billion privatization of the Food Terminal Inc. property,

PMO was able to obtain some resources and budget to undertake a physical inventory

intended to create an asset register, and undertook steps to establish a comprehensive asset

register, which will identify, survey and reconcile the assets assigned/transferred to PMO

by various entities, which includes the properties assigned to PMO upon the expiration of

term of the Asset Privatization Trust comprising 76 transferred assets, 12 government

corporations and 43 other assets.6


The project for the creation of a comprehensive asset registry is primarily undertaken by

PMO’s Asset Management Group (AMG), which is composed of the Disposition Support

Services Division and Custodianship Services Division, and which supports the

Marketing Group by providing complete and accurate information on all assets as well as

custodianship services on all assets to secure, preserve and/or enhance the market value

of assets.

The comprehensive asset registry would be the first time since 1938 to organize a

comprehensive catalogue of the assets of the various entities absorbed by the defunct

Board of Liquidators (BOL), including, the Land Settlement and Settlement Corporation,

the Leyte Sab-A Basin Development Authority, the National Abaca and Other Fibers

Corporation, the National Coconut Corporation, and the National Marketing

Corporation, which has been devolved to the National Government. PMO, as the entity

assigned to take over the liquidation/disposition functions, has begun the activities for the

creation of a comprehensive asset registry in 2013 to include these assets, as well as the

remaining assets from the defunct Asset Privatization Trust and other government

entities.

The physical and document inventory continued to be performed in 2014, which resulted

in identifying 22,000 landholdings under the defunct BOL, with current estimated value

of P28 billion. Also in 2014, PMO undertook the reconciliation of long overdue financial

claims conveyed by the various government financial institutions to the National

Government. A reconciliation of these financial claims will finally clean up the books of

PMO, and allow a reconciliation with the books of the Bureau of Treasury.

Thus, in addition and in preparation for the disposition of assets and other properties,

the asset registry project tasks were intensified by hiring technical professionals and

creating inter-department technical support teams to carry out different and critical

assignments to various assets located all over the country, such as, (a) Inspection and

Inventory; (b) Appraisal; (c) Survey; (d) Search and Investigation. The asset records

management was also revisited to sort out contents of files or folders, prepare/correct

table of contents and scan each document on file. This project endeavors to create a

complete, accurate and updated asset data base.


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2. Transparency and Accountability

(a) Financial Reports

The rate of accomplishment in the submission of Financial Statements for CY 2014,

including other documents like Disbursement Voucher, Official Receipts as well as

Journal Entry Vouchers to the Office of the Auditor stands at ninety percent (90%).

(b) Personal Services

The PMO is only allocated with a budget in the General Appropriations for

Personal Services. The appropriation for the year 2014 is at P42 million.

The appropriation of P42 million for personal services is good for seventy one (71)

positions out of seventy six (76) total approved plantilla positions.

Of the 76 total approved plantilla positions, sixty one (61) positions are occupied.

PMO was able to fill up fourteen (14) vacant positions in the third and fourth

quarter of 2014, leaving only fifteen (15) unfilled positions as of December 31, 2014.

The intensified program for completing the physical inventories of the assets turned

over by the BOL will require PMO to request the inclusion of the full complement

into the GAA budget for 2016-2018.

3. Procurement

Projects Mode Amount

Goods/ServicesPublic Bidding/Small

Value Procurement (SVP)P30.417M

Property, Plant and Equipment SVP 2.258

Repairs and Maintenance SVP 1.243

Supplies and Materials SVP/Shopping 1.475

Total P35.393M

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5. Gender and Development Programs

In compliance with the Republic Act 9710, otherwise known as Magna Carta of Women,

PMO continues to conduct programs intended for the provision of gender-related policies

that promotes proper representation and equal opportunities for both men and women.

The PMO conducted its own lectures and discussions that will help to foster one’s

knowledge about different ways on how to eliminate graft and corruption in the workplace

and how to address the problems of social injustice and gender discrimination. The

employees were also given the opportunity to share their knowledge and ideas on how to

address these issues.

Pursuant to the desire of the agency to help its employees to learn more about these

gender-related issues, PMO conducted seminars and invited distinguished speakers in order

to enhance the knowledge of the employees on gender-related issues. The agency also

distributed guide materials for effective financial management in order to provide financial

empowerment and self-sufficiency for all of its employees.


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PMO’s maintenance and other operating expenses including capital outlay are taken from

its retention fund. As allowed under Executive Order No. 323, the retention fund

comprised proceeds from dispositions, not to exceed ten percent (10%), subject to

approval by the Privatization Council, as well as due diligence fees, proceeds from the sale

of bidding documents, information memoranda and similar documents.

4. Training and Development

The PMO ensures the well-being of its human resources by appropriate administration of

personnel policies, compensation and benefits; and development of employees through

performance appraisal and trainings.

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FINANCIAL REPORTS

Statement of Financial Position

As of December 31, 2014

ASSETS

Current assets

Cash and cash equivalents 356,552,391.80

Receivables 513,870.17

Inventories 596,233.96

Investments 650,070.28

Other current assets 989,124.84

Total current assets 359,301,691.05

Non-current assets

Receivables 15,471,177,002.81

Inventories 1,315,736.06

Investments 20,809,538.66

Property, plant and equipment 117,326,205.95

Intangible Assets 880,360.75

Other non-current assets 66,060,518.40

Total non-current assets 15,677,569,362.63

TOTAL ASSETS 16,036,871,053.68

LIABILITIES

Current liabilities

Financial liabilities 13,138,298.50

Inter-agency payables 538,416.02

Trust liabilities 29,354,721.76

Total current liabilities 43,031,436.28

Non-current liabilities

Inter-agency payables 19,353,560.97

Deferred credits 14,436,796,794.56

Other payables 159,520,835.78

Total non-current liabilities 14,615,671,191.31

TOTAL LIABILITES 14,658,702,627.59

NET ASSETS/EQUITY

Accumulated surplus/(deficits) 1,378,168,426.09

Total Net Assets/Equity 1,378,168,426.09

TOTAL LIABILITIES AND NET ASSETS/EQUITY 16,036,871,053.68

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FINANCIAL REPORTS

Statement of Financial Performance

For the year ended December 31, 2014

Amount

Revenue

Business income 85,227,901.04

Total revenue 85,227,901.04

Less current operating expenses

Personnel services 34,095,372.74

Maintenance and other operating expenses 45,511,034.53

Non-cash expenses 1,297,994.72

Current operating expenses 80,907,326.99

Surplus/(deficit) from current operations 4,320,574.05

Net financial assistance/subsidy 34,144,683.23

Surplus/(deficit) for the period 38,465,257.28

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FINANCIAL REPORTS

Statement of Cash Flows


Cash Flows from Operating Activities

Cash Inflows

Receipt of Notice of Cash Allocation 40,073,733.00

Sales revenue 10,000.00

Rent/lease 2,782,596.20

Interest 2,333,597.71

Other business income 141,066.14

Trust receipts 51,032,295.33

Customers' deposit 4,169,888.60

Guaranty deposit 50,864.16

Bond redemption 343,938.79

Return of excess cash advance 85,091.59

Overpayment of expenses 36,300.00

Total Cash Inflows 101,059,371.52

Cash Outflows

Personnel services 22,694,079.86

Maintenance and other operating expenses 36,242,660.38

Advances to officers and employees 1,015,345.00

Payment of accounts payable 11,052,418.48

Remittance to the Bureau of Treasury 412,673,147.18

Inter-agency remittances 8,598,009.48

Remittance to NDC creditors 590,375.84

Return of unused subsidy 9,705,840.60

Total Cash Outflows 502,571,876.82

Net Cash Provided by (Used in) Operating Activities (401,512,505.30)

Cash Flows from Investing Activities

Cash Outflows

Purchase of property, plant, equipment and intangible assets 1,406,610.64

Net Cash Provided by (Used in) Investing Activities (1,406,610.64)

Increase (Decrease) in Cash and Cash Equivalents (402,919,115.94)

Cash and Cash Equivalents, January 1, 2014 759,471,507.74

Cash and Cash Equivalents, December 31, 2014 356,552,391.80

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FINANCIAL REPORTS

Statement of Comparison of Budget and Actual Amounts


Original Final

Receipts

Services and business income 5,267,260.05 5,267,260.05 5,267,260.05 -

Assistance and subsidy 40,073,733.00 40,073,733.00 40,073,733.00 -

Other non-operating receipts

Trust Receipts 463,407,000.00 463,407,000.00 51,376,234.12 (412,030,765.88)

Refund of Petty Cash and Advances 85,091.59 85,091.59 85,091.59 -

Refund of overpayment of expenses 36,300.00 36,300.00 36,300.00 -

Deposits 4,220,752.76 4,220,752.76 4,220,752.76 -

Total Receipts 513,090,137.40 513,090,137.40 101,059,371.52 (412,030,765.88)

Payments

Personnel services 42,442,000.00 43,468,733.00 34,208,244.03 (9,260,488.97)

Maintenance and other operating expenses 48,569,418.40 48,569,418.40 48,569,418.40 -

Capital outlay 1,406,610.64 1,406,610.64 1,406,610.64 -

Other Disbursements

Remittance to national treasury 412,673,147.18 412,673,147.18 412,673,147.18 -

Remittance to NDC creditors 590,375.84 590,375.84 590,375.84 -

Return of unused subsidy 9,705,840.60 9,705,840.60 9,705,840.60 -

Total Payments 515,387,392.66 516,414,125.66 507,153,636.69 (9,260,488.97)

Net Receipts/Payments (2,297,255.26) (3,323,988.26) (406,094,265.17) (402,770,276.91)

ParticularsBudgeted Amount Actual Amounts

on Comparable

Basis

Difference

Final Budget

and Actual

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FINANCIAL REPORTS

Statement of Changes in Net Assets/Equity


Accumulated

Surplus/(Deficit)

Balance at January 1, 2014 1,354,471,554.59

(607,261.53)

Payment of prior years' expenses (2,963,393.50)

Refund of prior years' expenses 15,000.00

Net adjustment on accumulated depreciation (9,985,275.67)

Reversal of dormant payables 844,663.67

Remittance to BTr of prior years' income (1,027,294.08)

Adjustment on reversion of obligated expenses (1,046,831.43)

Adjustment on due to national agency 2,006.76

Restated balance 1,339,703,168.81

Changes in Net Assets/Equity for the Calendar Year

Surplus/(Deficit) for the period 38,465,257.28

Balance at December 31, 2014 1,378,168,426.09

Correction of prior years' error with respect to understated

amortization of intangible assets

Transferred assets from PNB, DBP, PhilGuarantee

and NDC 45%

Government-Owned and Controlled Corporations

7%Other Assets

4%

Assets Reconveyedby Land Bank of the

Philippines21%

Transferred assets from Board of

Liquidators23%

Figure 1: Sources of government assets/properties assigned/transferred to the PMO.

The identified assets assigned or transferred to PMO by various entities include the following:

(a) Transferred assets from Philippine National Bank, Development Bank of the Philippines, Philippine

Export and Foreign Loan Guarantee Corp., and National Development Company, which had been

identified for privatization under Proclamation No. 50 (1986), and upon the expiration of the term of

the Asset Privatization Trust devolved to the National Government and, subsequently, assigned to PMO

per Executive Order No. 323 (2000);

(b) Assets of the various entities absorbed by the defunct Board of Liquidators including, the Land

Settlement and Settlement Corporation, the Leyte Sab-A Basin Development Authority, the National

Abaca and Other Fibers Corporation, the National Coconut Corporation, and the National Marketing

Corporation, which were assigned to PMO for disposition by virtue of Executive Order No. 471 (2005);

(c) Assets re-conveyed by the Land Bank of the Philippines;

(d) Government-Owned and Controlled Corporations and/or their specific/particular assets assigned on

various dates to PMO by the Privatization Council for disposition or dissolution; and

(e) Assets which PMO is the designated disposition entity.

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ASSETS FOR PRIVATIZATION

SOURCES OF ASSETS

Equity 12%

Land 53%Buildings

3%

Machineries/ Equipment

4%

Financial Assets 21%

Mining Claims 2%

Others 5%

CLASSIFICATION OF ASSETS

ASSETS FOR PRIVATIZATION

Figure 2: Classification of government assets/properties assigned /transferred to the PMO.

The diagram above shows that majority of the government assets/properties assigned to the PMO for

disposition are real-estate properties. Other assets for disposition are in financial form or financial

claims and equity or shares of stock. There are also non-real estate properties, like machineries and

equipment, as well as mining claims. The ‘others group’ are government owned and controlled

corporations for dissolution.

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NO. ASSET NAME DESCRIPTION

A. TRANSFERRED ASSETS

1 Apo Production Unit, Incorporated Printing machineries and equipment

2 Asean Finance Corporation Shares of Stocks

3 Asialand Development Corporation Parcels of land located in San Jose Del Monte,

Bulacan4 Asiatic Integrated Corporation Warehouses in Mariveles, Bataan

5 Atlas Textile Mills Land located in Novaliches, Quezon City

6 Basay Mining Corporation Mining claims

7 Carruf Development Corporation Condominium Units in Legaspi Towers 300 located

in Roxas Blvd., Manila

8 Cellophil Resources Corporation Shares of Stocks

9 Central Santos Lopez Parcels of land located in San Rafael, Iloilo

10 Computer Electronics, Incorporated Parcel of land located in Veterans Village, Quezon

City11 Cultural Center of the Philippines Parcel of land located in Manila

12 Davao Timber Corporation Parcel of land located in Mati, Davao Oriental

13 DBT Integrated Home and Development

Corp.

Parcels of land located in Angono, Rizal

14 Delta Motors Corporation Various parcels of land in Parañaque City, Tondo,

Manila, Quezon City and Silang, Cavite

15 Elorde Sports and Tourism Development

Corp.

Parcel of land located in Sucat Road, Parañaque

16 Emmanuel Community Hospital,

Incorporated

Parcel of land with buildings and land

improvements located in Tondo, Manila

17 Far East Starch Corporation Parcel of land located in Calamba, Laguna

18 Fil-Eastern Wood Industries, Incorporated Parcels of land located in Quezon City

19 Filipinas Carbon and Mining Corporation For dissolution

20 Filipinas Mills, Inc. Various real properties located in Antipolo and

General Santos City

21 Hercules Minerals and Oils, Inc. Mining Claims

22 Integrated Shoe, Incorporated Parcel of land located in Caloocan City

23 Interland Chemicals, Incorporated Parcel of land located in Atimonan, Quezon

24 Interphase Development Systems,

Incorporated

For dissolution

25 Landoil Group of Companies Various parcels of land and Share of Stocks

26 Landoil Resources Corporation Parcels of land located in Mariveles, Bataan

27 Leyte Park Hotel Parcel of land, buildings, and other land

improvements located in Tacloban, Leyte

28 Luzon Aggregates, Incorporated Parcels of land located in Norzagaray, Bulacan and

La Huerta, Parañaque City

29 Manarra Cassava Flour Mills,

Incorporated

Parcels of land located in Cadiz City, Negros

Occidental30 Manila Bay Island Resort, Inc. Parcesls of land located in Cavite

GENERAL LIST OF ASSETS FOR PRIVATIZATION

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31 Maricalum Mining Corporation Shares of Stock

32 Marinduque Mining and Industrial

Corporation

Mining claims

33 Merchant Investment Corporation Share in Manila Golf and Country Club and share in

Canlubang and Country Golf Club

34 Metro Manila Transit Corporation Shares of Stock

35 Mindanao Polysack Mfg. Corporation Parcel of land located in Matampay, Cotabato

36 Mindanao Progress Corporation-NFA Parcels of land located in Sultan Kudarat and

Quezon City37 Montilla Manufacturing Corporation Parcels of land located in Negros Occidental

38 National Housing Authority - Victoria

Wave

Parcel of land located in Tala, Caloocan City

39 National Sugar Development Company Various parcels of land located in Floridablanca,

Pampanga

40 Nonoc Mining and Industrial Corporation Mining claims, machineries and equipment

located in Surigao

41 Pacific Mills, Incorporated Parcel of land located in Balintawak, Quezon City

42 Pamintuan Development Company Parcel of land located in Bo. Sinawan, Davao City

43 Pamplona Redwood Venner, Inc. Various parcels of land located in Claveria,

Cagayan, Tagaytay City and Angono, Rizal

44 Panay Railways, Incorporated Shares of Stock

45 Pantranco North Express, Incorporated Parcels of land located in Santiago, Isabela

46 Paper Industries Corporation of the

Philippines

Shares of Stock

47 Paragon Paper Industries, Incorporated Parcels of land located in Hermosa, Bataan

48 Peninsula Development Bank Various parcels of land located in Camarines

Norte, Quezon, Batangas and Quezon City

49 Peoples Industrial and Commercial

Corporation

Parcel of land located in Navotas, Metro Manila

50 Philippine Iron Manufacturing Co., Inc.

(PHILIMCO)/ Philippine United Foundry &

Machinery Corp. (PHUMACO)

Parcels of land, machinery and equipment located

in Cabuyao, Laguna and Quezon City

51 Philippine Aerospace Development

Corporation

Shares of Stock

52 Philippine Cellophane Film Corporation Shares of Stock and parcels of land located in

Naguillan, La Union

53 Philippine Knitting Mills, Incorporated Parcels of land located in Mayamot and Cupang,

Antipolo, Rizal

54 Philippine National Construction Corp. Shares of Stock & parcels of land

55 Philippine National Railways Shares of Stock


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56 Philippine Seeds, Incorporated Parcels of land located in Talisay, Negros

Occidental and Bay, Laguna

57 Philippine Singapore Ports Corporation Share in Batulao Golf & Country Club

58 Philippine Smelters Corporation Parcels of land located in Camarines Norte

59 Philippine Sugar Corporation Equity

60 Pioneer Glass and Manufacturing

Corporation

Parcels of land located in Rosario, Cavite

61 Piso Development Bank, Incorporated Financial Claims

62 Polysterene Manufacturing Company,

Incorporated

Parcels of land located in Bo. Paso de Blas,

Valenzuela, buildings, machineries and equipment

63 Prime White Cement Corporation Parcel of land located in San Fernando, Pampanga

64 Radio Philippines Network, Incorporated Equity, Franchise, Machinery and Equipment

65 Rafols Hotel Corporation Leasehold rights

66 Republic Hardwood, Incorporated Parcels of land located in Camarines Norte

67 Sanpiro Realty Corporation Condominium Units located in Atrium Building,

Makati City

68 Selectra Electronics Corporation Various parcels of land located in Montalban,

Rizal, Quezon City and Baliuag, Bulacan69 Semirara Coal Corporation Shares of Stock

70 Sta. Clara Lumber Company, Incorporated Parcels of land located in Zamboanga del Sur and

Tagum, Davao del Norte

71 Sta. Cruz Agro-Industrial Corporation Parcel of land located in Valenzuela City

72 United Cathay Industries Corporation Parcel of land in located in San Mateo, Rizal

73 Utility Enterprises Corporation Parcels of land located in Danao City, Cebu

74 VMC Rural Electrification Corp. Various machineries and equipment located in

Negros Occidental

75 Western Minolco Corporation Condominium unit located in Green Mansion

Condominium, Baguio City

76 Wright Paterson Manufacturing Corp. Parcels of land located in San Jose, Occidental

Mindoro

1 East Visayas Agricultural Projects, Inc. Feedmill, Piggery, Buildings and Motorcycle

Vehicle2 Integrated Feedmills Corporation For dissolution

3 Marawi Resort Hotel, Incorporated Shares of Stock

4 Mindeva Coco-Coir Industries,

Incorporated

Parcel of land located in Oroquieta, Cagayan

5 Mountain Springs Development Corp. Shares of Stock

6 Northern Food Corporation Shares of Stock, machinery and equipment located

in Ilocos Norte

7 Philippine Fruit & Vegetable Inds., Inc. Machineries, plant and equipment

8 Philippine Postal Corporation Equity

9 Phividec Panay Agro-Industrial Corp. Shares of Stock and land located in Panay, Iloilo

10 San Carlos Fruit Corporation For dissolution

11 Shoe Technology Corporation For dissolution

12 USIPHIL, Incorporated Shares of Stock

B. GOVERNMENT OWNED & CONTROLLED CORPORATIONS (GOCCs)


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1 Al-Amanah Islamic & Invenstment Bank Parcels of land located in Mindanao

2 Central Bank-Board of Liquidators (CB-

BOL)

Parcels of land

3 Food Terminal, Incorporated Parcel of land located in Taguig City

4 Independent Realty Corporation Parcel of land located in Mandaluyong City

5 National Government/Makati Property Parcels of land located in Makati City

6 New Bilibid Prison (NBP) Parcels of land located in Muntinlupa City

7 Presidential Commission on Good

Government (PCGG)

Various assets

1 Aggregate Mining Exponent

2 Air Manila, Inc.

3 Aluminum World Corp.

4 Asian Water and Sewer Systems, Inc.

5 Baguio Hilltop Enterprises

6 Balane, Salvador

7 Black Mountain, Inc.

8 Caloocan City Government

9 Cathay Philippines Electronics, Inc.

10 Cement Center, Inc.

11 Clover Manufacturing

12 Development Bank of Rizal

13 Erectors, Inc.

14 Games and Amusement Board

15 Golden Country Farms, Inc

16 Manila Seedling Bank Foundation, Inc.

17 Mayflower Shipping Corporation

18 Metro Manila Commission

19 Mindanao Coconut Oil Mills, Inc.

20 Municipality of Malabon

21 National Food Authority

22 NDC/National Steel Corporation

23 PCSO/Lung Center of the Philippines

24 Peroxide Philippines, Corporation

25 Philippine Airlines, Inc.

26 Philippine Navy

27 Philippine Sugar Commission

28 Public Estate Authority

29 Southwestern Export Crafts Co.

30 Sta. Ines Mining and Steel Corporation

31 Sugar Producers Cooperative

32 Sulu-Agro Industrial Corporation

33 Tayabas Cement Co., Inc.

34 Trident Mining and Ind. Corporation

35 V.C. Ponce Co., Inc.

36 Western Agro Ind. Corporation

D. FINANCIAL FORM

C. OTHER ASSETS


20


1 National Abaca & Other Lots located in the province of Cebu

Fibers Corporation (NAFCO) Lots located in Davao Del Sur

Lots located in Compostela Valley

Lots located in Davao Oriental

Lots located in Davao City

Lots located in Tugbok District, Davao

Lots located in Toril, Davao City

Lots located in San Francisco, Quezon

Lots located in Zamboanga City

Lots located in Lasam, Cagayan Province

Lots located in Saravia, Negros Occidental

Lots located in Binalbagan, Negros Occidental

2 Land Settlement Development

Corporation

Lots located in General Santos City

(LASEDECO) / National Resettlement and Lots located in Polomolok, South Cotabato

Rehabilitation Administration (NARRA) Lots located in Tupi, South Cotabato

Lots located in Surallah, South Cotabato

Lots located in Koronadal City, South Cotabato

Lots located in Tampakan, South Cotabato

Lots located in Banga, South Cotabato

Lots located in Sto. Niño, South Cotabato

Lots located in Norala, South Cotabato

Lots located in Isulan, Esperanza and

Bagumbayan, Sultan Kudarat

Lots located in Cabanatuan City

Lots in Isulan, Esperanza and Bagumbayan, South

Cotabato

3 Reparations Commission (REPACOM) Lots located in Marilao, Bulacan

Cassava flour mills machineries and equipment

located in Longos, San Carlos City

4 National Coal Authority Machineries, equipment, spare parts, accessories

and other coal handling facilities located in Iligan

City

Non-operational front-end wheel-loader

5 Leyta Sab-A Basin Development Authority Lots located in Tacloban City

Lots located in Sitio Simangan, Isabel, Leyte

Lots located in Isabel, Leyte

Lots located in San Miguel, Leyte

6 National Marketing Corp. (NAMARCO) Lots located in Guinayangan, Quezon

Lots located in Licab, Nueva Ecija

7 National Tobacco Corp. (NATOCO) Lots located in Naguillan, Isabel

Lots located in Gamu, Isabel

Lots located in Tumauini, Isabel

8 Abaca Corp. of the Phils. (ABACORP) Lots located in Garchitorena, Camarines Sur

Lots located in Iriga City

E. TRANSFERRED ASSETS FROM BOARD OF LIQUIDATORS (BOL)


21

LEARNING AND DEVELOPMENTJA

NA

PRM

AY

NO

V

15-17 Good Governance Summit

21-25 Certified Security Personnel Training

24-25 Leave Administration

Course for Effectiveness

22

17-18 PMO Teambuilding

13-15 Risk Management

Seminar

3-23 5-Day MBA

Training Program

27-29 Conflict Management

Seminar

5-6 Manualizing

Work Systems Key

to Management

JUN

10 Project

Management

Fundamentals

17 Basic

Leadership

Training

17-20 Supervisory

Development

Course (T1)

15-18 Supervisory

Development Course (T2-3)JUL 29-30 Unified Accounts

Code Structure

OC

T 14-17 Supervisory

Development Course (T2-3)

23-24 Basic Customer Service

Skills Training

21-24 Financial Implication of

Disaster Management Seminar

7-8 PMO Planning

Conference/ Gender

and Development

Activities

AU

G 12-15 Supervisory

Development Course (T1)

20 6th CES Strategic

Leadership Forum

28-29 Strategic and Critical

Thinking Seminar

4-5 Performance and Results

Management TrainingSEP 30 Paralegal Training

Program

11-14 Supervisory

Development Course

20-22 International

Electronics Conference

26-28 New Leadership

Style for 21st Century

Seminar

CESAR V. PURISIMA, Chairperson

Finance Secretary

FLORENCIO B. ABAD, Member

Budget Secretary

LEILA M. DE LIMA, Member

Justice Secretary

GREGORY L. DOMINGO, Member

Trade Secretary

ARSENIO F. BALIZACAN, Member

NEDA Director General

JUAN ANDRES D. BAUTISTA, Member

PCGG Chairman

ROSALIA V. DE LEON, Member

National Treasurer

JOSE EMMANUEL P. REVERENTE, Chairperson

Finance Undersecretary

DOLORES C. GALURA, Member

Budget Director

GERENIMO L. SY, Member

Justice Attorney

MA. LOURDES F. REBUENO, Member

National Development Co. General Manager

LUCITA P. REYES, Member

Board of Investments Director

BRENDA R. MENDOZA, Member

NEDA Director

RICHARD T. AMURAO, Member

PCGG Director

GISELA F. LOOD, Member

Deputy Treasurer

PRIVATIZATION COUNCIL

TECHNICAL COMMITTEE

23

The Privatization Council (PrC)

oversees the privatization

program of the Government. It

is composed of the Secretary of

Finance as Chairman, with the

Secretary of Budget and

Management, Trade and

Industry, National Economic and

Development Authority and

Justice as members. The National

Treasurer and the Chairman of

the Presidential Commission on

Good Government are non-

voting members.

The Technical Committee of the

PrC consists of technical,

financial and legal experts that

assists in the evaluation of

privatization proposals submitted

to the PrC for approval. It is

chaired by the Undersecretary of

Finance for Corporate Affairs

Group, Special Concerns and

Privatization and the Members

are representatives of the

respective Members of the PrC.

TONI ANGELI C. COO

TONI ANGELI C. COO

MARI JENNIFER M. BRUCE

GRACE VALENTINE A. MERINO

ELLEN H. RONDAEL

PMO is headed by a Chief Privatization Officer (CPO) and is assisted by four (4) Deputy Privatization Officers who

are in charge of specific operations and undertakings as directed by the CPO. For the year 2014, Officer-In-Charge

Toni Angeli V. Coo headed PMO and was also the concurrent Deputy Privatization Officer for Marketing.

MELINDA B. CORTEZ

CONCHITA Q. SAGUN

CESAR LUIS M. PARGAS

24

CARLA S. DEL PRADO

FERNANDO C. SABADO

RACHELLE T. SY

DANTE M. PANTE

Chief Privatization Officer/

Officer-In-Charge

Deputy Privatization Officer – Marketing

Deputy Privatization Officer – Asset Management

Deputy Privatization Officer – Legal

Deputy Privatization Officer – Administrative, Financial

and Management Services

Division Chief - Marketing Division I

Division Chief - Marketing Division II

Division Chief – Marketing Division III

Marketing Group

Asset Management Group

Division Chief – Disposition Support Services

Division

Chief Administrative Officer – Custodianship

Services Division

Administrative, Financial and Management Group

Chief Administrative Officer – Administrative

Division

Chief Accountant

www.pmo.gov.ph

OFFICE OF THE CHIEF PRIVATIZATION OFFICER 893.2383

DIRECTORY

OFFICE OF THE DEPUTY PRIVATIZATION OFFICER FOR 817.6661

ASSET MANAGEMENT

CUSTODIANSHIP SERVICES DIVISION 817.6661

DISPOSITION SUPPORT SERVICES DIVISION 818.4625


ADMINISTRATIVE, FINANCIAL AND MANAGEMENT SERVICES

ADMINISTRATIVE DIVISION 818.8304

FINANCIAL AND MANAGEMENT SERVICES 818.4591


MARKETING

MARKETING DIVISION I 818.8305

MARKETING DIVISION II 817.6331

MARKETING DIVISION III 817.1103


LEGAL SERVICES

25

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