Accomplishment Report 2015

ICTSI Foundation, Inc.

ICTSI Administration Building, Manila International Container Terminal MICT South Access Road, Port of Manila, Manila 1012, Philippines Telephone: +632 245 4101 | Facsimile: +632 245 2245 Email: [email protected] | URL: http://www.ictsi.com Table of Contents

The Chairman’s Report 2 2015 Overview 5 Education 8 Sports Development 24 Community Welfare 31 Special Projects & Development Assistance 41 2015 Citations & Recognitions 44 ICTSI CSR Statement 45 ICTSI Foundation 47 Independent Auditors’ Report 48 Statements of Financial Position 49 Statements of Activities 49 Statements of Cash Flows 50 Notes to Consolidated Financial Statements 51 Board of Trustees & Management 55

1 The Chairman’s Report

Victoria International Container Terminal donated AU$150,000 to Albert Park College to fit out and resource a new Marine Research Center at the school's Environmental Arts Hub. The grant is part of VICT's Community Investment Fund, which was created to support initiatives that promote the health and education e made strides in our corporate of young people in Port Philipp and Hobson's Bay. social responsibility (CSR) initiatives across the ICTSI Group in 2015. W Victoria International Container Terminal Ltd. (VICT), while still pre-operating, has implemented a Community Investment Fund for the benefit of the youth in our host community in Webb Dock East and the neighboring communities of VICT in the Port of Melbourne. In Georgia, Batumi International Container Terminal LLC (BICT) was among the first private companies to provide assistance when the country's capital Tbilisi was ravaged by flash floods after the Vere River overflowed in June. Both management and staff of BICT donated funds to The ICTSI Employee Volunteerism Program was an offshoot of the relief and rehabilitation efforts. 2015 Christmas Wish Tree Project. The program encourages Meanwhile, Madagascar International Container employees to share their time, skills and resources with ICTSI's host communities by volunteering in any of the Foundation's projects. Terminal Services Ltd. in the Port of Toamasina donated a three-classroom building for a primary school in nearby Analamboainio. These initiatives are just a few of what several ICTSI units did as a corporate citizen to our host communities, mirroring what our CSR unit, the ICTSI Foundation, Inc., has been implementing since 2010. In the implementation of their respective CSR programs, our overseas units were guided by what the Foundation has accomplished in the Group's home country, the Philippines. Steadily, subsidiaries have been replicating the Foundation's advocacies in education, sports and community welfare. Recent visits and scoping activities by the Foundation in select overseas terminals have dovetailed our CSR footprint across the Group. Your ICTSI Foundation has been very Princess Mary Superal secures busy – true to our directive that we will help the victory at the 17th Chief Minister's Cup in Kuching, Madagascar International Container Terminal, in wherever we can. Sarawak in November 2015. partnership with the Wednesday Morning Group, Over the past few years, financed the construction of three classrooms for the Princess has made a name for Analamboanio public school in Toamasina, herself with a string of wins Madagascar as part of its expanding corporate social Heavy rains in June caused the Vere River to overflow and flood the across tournaments in Asia and responsibility initiatives. The new classrooms increase Georgian capital city of Tbilisi. In this photo, citizens are seen guiding a the United States. The 19-year- the school's student capacity by up to 180 children. tranquilized hippopotamus after catastrophic floods caused animals from old is part of the pool of talents the zoo to escape. Batumi International Container Terminal was among being developed by ICTSI 2 the first private companies to respond to relief and rehabilitation efforts. under its Amateur program. 3 2015 Overview

The year 2015 was highlighted by the We continued with our CSR efforts. As we he ICTSI Foundation, Inc. continues to accreditation of the Foundation with the Philippine sustained our assistance to our beneficiaries and serve and impact the lives of its beneficiaries Council for NGO Certification as a donee partner organizations, the Foundation, in like across ICTSI's host communities in the institution, and the renewal of our registration as an manner, encouraged employees to participate in a Philippines by implementing projects in line auxiliary resource agency of the Department of formalized staff volunteer program beginning in our Twith its pillars: education, sports and Social Welfare and Development. As the flagship Manila International Container Terminal. community welfare. Foundation expands its reach locally and globally, ICTSI employees have always been natural we are strengthening our CSR projects to make a volunteers, ready to help and assist in times of Education fuller and meaningful impact to our communities. calamities and when needed by the Foundation for In 2015, the Foundation sent ICTSI's pioneer These certifications were key in further improving its various outreaches. But, with the help of the international scholars in Northeastern University our existing projects and in paving the way for the Foundation's Employee Volunteerism Program, (NEU) in Boston, Massachusetts in the United States Foundation to take on a larger and direct role in employees were given more channels to express under the ICTSI-NEU International Scholarship improving the quality of life of our beneficiaries. their humanity. Program. The year in review also marked the In education, our international and local I am glad and proud to say that altruism is Foundation's first year in solely handling the scholarship programs went full swing. We ingrained in our corporate culture. I would like to Philippine Scholarship Program for both secondary increased the number of ICTSI scholars. Aside thank the men and women of ICTSI for sharing their and college education. The Philippine Business for from the scholarships, we continued supporting time, talent and resources with the marginalized Social Progress co-managed the local program when schools by providing them better learning facilities, sectors in our communities. it started in 2010. Consequently, projects involving equipment, tools and teacher training. partnerships with local public schools and day care In sports, we continued to help our national Gen. Santos native Marlito centers including the provision of reading rooms, Soriano was the Philippine Flag computer equipment, tools and other materials athletes. Aside from direct financial assistance, the bearer at the convocation essential in supporting school courses and programs Foundation has started to take on a more “parental” ceremony for new students at the role in implementing sports programs. We are Northeastern University in Boston, were sustained. Capability building training for Massachusetts. Mr. Soriano and students and teachers, ICT trainings for teachers, as concerned not only with the well being of our Coleen Charmille Dizon are the athletes but with their values as well. first beneficiaries of the ICTSI- well as the assistance to alternative learning also NEU scholarship program. In community welfare, the Foundation continued. spearheaded local disaster response initiatives. To Enrique K. Razon, Jr. The Foundation ventured into facilities projects, align ourselves with the worldwide effort to mitigate Chairman which included the renovation of barangay day care the impact of climate change, we've strengthened centers in Parola, the immediate community of our existing environmental programs, and assisted ICTSI's Manila flagship, and the construction and in terminal-specific, local initiatives. furnishing of a two-classroom school building in Algeciras, Agutaya, Palawan in partnership with the SGV Foundation and Andres Soriano Foundation.

Marlito Soriano and Charmille Coleen Dizon, the first ICTSI-NEU scholars, with their official NEU student IDs. Both valedictorians in their respective schools, the pair was chosen among 69 applicants from different public schools high schools 4 in the country. 5 The ICTSI Foundation, in partnership with the In July, the trio of (from left) Andres Soriano Foundation, donated a two- Princess Mary Superal, classroom, single story school building to the Pauline Del Rosario and Algeciras Elementary school in Agutaya, Mikhaela Fortuna secured Palawan. Heavily damaged by typhoon Yolanda the top three finishes at the in 2013, the lone school in the island of 87th San Francisco Junior A special project, the Foundation supported In March, the Foundation mobilized relief Algeciras caters to more than 500 students. Girls Tournament. The tournament win is one of college students from various parts of the country operations to the victims of the biggest fire to hit Parola the combined 32 for the through financial assistance to the Tanging Yaman by providing food and other basic necessities; while in lady golfers under the Foundation. October, in partnership with Clark Development Corp., ICTSI Amateur Golf Program in 2015. the Foundation provided assistance to the families Sports affected by Typhoon Lando in Central Luzon. The Foundation continued its support to young and The Foundation introduced new elements to its deserving athletes. Young lady golfers under the 2015 Christmas outreach activities. Outreach ICTSI Amateur Golf Program competed in 53 activities were conducted in several institutions international tournaments and six local tournaments, located in Calamba City, Olongapo City, Davao City, winning a total of 32. Likewise, the Foundation Tagoloan, and Gen. Santos City, Philippine locations championed programs and tournaments of the where ICTSI operates. ICTSI college and high school Junior Golf Foundation of the Philippines. scholars joined these outreach activities. In January 2015, The ICTSI Foundation and the Manila City Social Welfare and Development Office In August, the Foundation renewed its In ICTSI's Manila flagship, the Foundation invited 44 members of the conducted a relief operation and provided humanitarian aid to the Parola fire victims. Philippine National More than 7,000 families were displaced when a fire burned their homes in March. sponsorship to the country's ladies softball team employees to take part in the soft launch of the Police Special Action when Little League Manila South participated in the Employee Volunteerism Program. Through the Force lost their lives in 2015 Big League Softball World Series in Delaware, Christmas Wish Tree initiative, employees were given one of the deadliest United States. The team played exceptionally well encounters between the opportunity to grant wishes for the children of the Philippine en route to a third place finish in the Series, their Manila Boys Town, a government facility for government forces and insurgents. The best placement so far since winning the abandoned and rescued children. championship in 2012. ICTSI Foundation The Foundation also continued to organize free mobilized teams to The Foundation donated sports equipment to medical and dental outreach activities to indigent visit the SAF families the Department of Education of Tagum City to to offer condolences communities near the ports where ICTSI operates. and financial encourage student participation in the city's sports assistance. program and eventually in the national games, the Special Projects Palarong Pambansa, held in Tagum in May. The Foundation broadened its scope to implement projects that address some of the country's pressing Community Welfare issues. After the tragic Mamasapano incident in The Foundation continues to strengthen its Mindanao, the Foundation reached out to the families relationship with ICTSI host communities in the of the slain law enforcers to offer sympathy and Philippines. In Manila, the Foundation expanded its financial assistance. Foundation staff also visited and Parola Solid Waste Management Project to include offered assistance to injured policemen at the Camp the Isla Puting Bato community in Tondo, Manila. Crame Hospital. The Foundation co-financed the Running Water, Running Life Project, which saw the construction of a water-generating facility in San Miguel, Bulacan.

As part of the Foundation's special education project, students of the Algeciras Elementary School in Agutaya, Palawan received 13 sets of reading nooks along with 6 globes and maps. 7 Education

ICTSI Foundation and South Cotabato Integrated Port Services, Inc. held a ICTSI-NEU scholars Marlito Soriano and thanksgiving event to congratulate the 2015 batch of high school scholar Charmille Coleen Dizon did particularly well in graduates. Under the scholarship program, deserving students receive their first semester at Northeastern University as financial assistance from the Foundation. The Foundation works closely both made it to the dean's list. Marlito is pursuing with local ICTSI subsidiaries in implementing the scholarship program. a degree in International Business, concentrating in Accountancy, while Coleen is taking up a combined major in Geology and Physics. he two pioneer ICTSI-Northeastern Batangas and F. Bangoy National High School in University scholars started their college Davao, respectively. TLE assistance was also extended scholarship at the Northeastern University in to Labangal National High School in Gen. Santos in Boston, Massachusetts. Despite the support of the school’s home technology curriculum. Tchallenges of studying and living overseas, Finally, the Foundation provided assistance to F. Marlito Soriano and Charmille Coleen Dizon displayed Bangoy Elementary School in Davao City as part of its exemplary academic performance during their first alternative learning systems (ALS) project. semester in college by being in the dean's list. Throughout the year, the Foundation fulfilled its This year, the Foundation assumed independent commitment to provide support mechanisms for the management of the Philippine scholarship program educational welfare of the youth. for secondary and tertiary education. The Foundation, which used to implement the scholarship program in Philippine Scholarship Program partnership with the Philippine Business for Social The Foundation expanded its college scholarship Progress (PBSP), further deepened its engagement program to 75 high school scholars. Eight of these with the scholars and improved ties with ICTSI's local scholars were part of the final pool of applicants for the subsidiaries. In addition, the Foundation continued its ICTSI-Northeastern University scholarship program. partnership projects with local public schools and Maintaining its relationship with partner public daycare centers. high schools, the Foundation added new grade 7 Computer units were donated to Labangal students to its pool of scholars. In total, 45 new Elementary School in Gen. Santos City to support the students from partner schools in Manila, Olongapo, school's information and communication technology Bauan, Misamis Oriental, Gen. Santos, Davao and (ICT) program. The Foundation organized ICT training Tagum City were granted scholarships. courses for teachers in Tagoloan National High School Under the program, scholars received financial ICTSI scholars from Misamis Oriental, together with their parents, in Misamis Oriental. In Olongapo, a public school assistance covering tuition and miscellaneous fees, attend the YES SAMA KA! seminar as part of their capability catering to differently abled students were provided daily transportation, meal allowance, book and building activities. The Foundation, in partnership with the local uniform allowance, as well as field trip costs. ICTSI subsidiaries, conducts a series of seminars on with computer units equipped with Job Access with environmental protection and management, with the aim of Speech software. The Foundation also established an after school encouraging scholars to become champions of the environment. The Foundation was also involved in facilities learning hub in Intramuros, Manila. The learning hub improvement, financing the renovation of Parola is equipped with computers, internet connection, daycare centers in Tondo, Manila. The Foundation, in books and other resource materials to support the partnership with the SGV Foundation and Andres academic requirements of the scholars. Soriano Foundation, also furnished a two-classroom In December, college scholars were given the school building in Algeciras Elementary School in opportunity to participate in the Foundation's Christmas Agutaya, Palawan. outreach programs involving government, private and The ICTSI Foundation Continuing with technology and livelihood religious institutions located in ICTSI host communities. leads the ceremonial education (TLE) projects, the Foundation donated turnover of children’s books to day care welding equipment and sponsored beauty care training centers in Isla Puting to students of Bauan Technical High School in Bato and Olongapo. The provision of educational materials is part of the Foundation's Project AIDE initiative, which aims to promote learning 8 in day care centers. 9 High School Scholars

Raja Soliman Science & During the year in review, the ICTSI Foundation The scholars also visited ICTSI's headquarters Technology High School assumed independent control of the Philippine and flagship operation at the Manila International (Formerly Raja Soliman scholarship program, which it used to co-manage Container Terminal for a briefing about ICTSI and its High School) with the Philippine Business for Social Progress. business. They also visited ICTSI's terminals in Subic Urbiztondo St., San Working in close coordination with ICTSI subsidiaries, and Batangas. Nicolas District, Binondo, the Foundation looks to solidify its scholarship Meets and greets Manila, Philippines program by establishing stronger bonds between Marlito and Coleen also met several good people who scholars and ICTSI staff. Shaina Mae H. Brillantes Katherine G. Caducio Allan Dale G. Yap Evangelaene S. Namang Romer P. Valdez advised them on how to cope with homesickness, Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 academic demand, and the cold weather, among Top 3 – Elementary Level 1st Honor – Elementary Level Top 10 Finalist in the Division Science Top 2 – Grade 7 Level (SSCB) International Scholarship Top 7 – Grade 7 Level and Technology Fair 2015 Top 2 in Science other things. A day before departure, the scholars 1st Place in the Declamation Program Contest – Grade 7 met with ICTSI Chairman Enrique K. Razon Jr., his 8th Place Science Investigatory Freshmen Marlito Soriano and Charmille Coleen Dizon Project Division Level wife, Lizzy, and son Enzo who also studies in Boston. started their first semester at the Northeastern They also had the opportunity to meet with University in Boston, Massachusetts. Marlito of Gen. Department of Education Undersecretary Rizalino Santos City and Charmille of Olongapo City were Rivera and Department of Social Welfare and selected from a total of 69 applicants from different Development Secretary Dinky Soliman. Marlito's public schools in Manila, Batangas, Olongapo, family is a beneficiary of the government's Conditional Misamis Oriental, Gen. Santos City, Davao City and Cash Transfer Program and belongs to the Bla'an tribe, Tagum City. Both graduated as valedictorians of their one of the indigenous groups in Gen. Santos City. respective schools. The scholars flew to the United Coleen is taking up a combined major in Geology Julian Paul D. De Jesus Allyanna V. Galero Jonalyn A. Perucho Julia Mae P. Dela Cruz Angelie V. Pamatian Iris Zina Mangalus States in the last week of August ahead of the start of and Physics, while Marlito is studying International Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 classes in September. Salutatorian – Elementary Level 2nd Place in Balagtasan – Top 1 – Grade 7 (SSCB) 8th Place Science Quiz Bee Top 6 – Elementary Level Top 4 – Grade 7 (SSCA) Business with concentration in Accountancy. Their SPG Vice Mayor Division Level 3rd Place in the Spelling Contest, YMCA Vice President District 1 & 2 Best in Filipino Grade 7 Level Pre-departure activities stellar first semester performance earned them each a 4th Place Quipper Science Quiz Top 3SSCB 2nd Place in the Essay Writing Bee Division Level 2nd Place Science Fair – Contest, Grade 7 Level Two months ahead of their departure for the United spot in the dean's list. 5th Place Science Quiz Bee Division Level States, Marlito and Coleen underwent a series of Division Level 3rd Place – Declamation 1st Place Science Quiz Bee 1st Place Story Telling month-long activities in preparation for their life Capability Building for Scholars School Level The Foundation believes in the youth's potential to 1st Place English Proficiency abroad. These include trips to museums, tasting Division Level become responsible citizens. Provided with the right 2nd Place English Proficiency different cuisines, and personality development and School Level confidence-building seminars. The two were also opportunities, good education and support, ICTSI 4th Place ESP Quiz Bee scholars can become agents of change for 5th Place UN Quiz Bee School briefed about the history and education system of Level environmental protection. The Foundation launched 4th Place General Information their host country with the help of the Philippine- During the 27th YMCA National American Educational Foundation the organization a training program, the Youth for Environmental Assembly that screens and sends applicants to the US under Sustainability – Samahanng Mangangalaga sa the Fulbright Scholarship Program. Kapaligiran (YES – SAMA KA!) – a series of seminars Domiline C. Grengia Chrislyn C. Manaog Norlyn D. Hassan Anthony N. Suarez designed to encourage scholars to become Grade 7 Grade 7 Grade 7 Grade 7 YMCA Member Top 8 – Grade 7 (SSCA) Top 1 – Elementary Level Boy Scouts of the Philippines environmental champions. YMCA Member

10 11 High School Scholars

Jose Tuason Jr. Memorial Launched initially in Manila, the seminars were National High School Computer Nook Project also conducted in other ICTSI host communities in Madaum, Tagum City, The Foundation launched the My Computer Nook Olongapo, Batangas and in Mindanao. The seminar Davao del Norte Project in response to the Department of Education's topics included R.A. 9003, known as the Ecological Information and Communications Technology (ICT) Solid Waste Management Act of 2000; sustainable Integration Program, which aims to make the current development; climate change; Manila Bay and the Philippine education system globally competitive. Supreme Court Continuing Mandamus; values Under the Computer Nook project, beneficiary Beige Guy Rey L. Panganiban Hope L. Lorenzana Phoebe M. Arimao Rex Leenard L. Seiton Jonalyn P. Sabawan clarification; environmental audit; and environmental Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 schools were given equipment peripherals, which Top 5 – Elementary Level 9th Honor – Elementary Level Valedictorian – Elementary Level 1st Honorable Mention – 2nd Honorable Mention – communication. BSP Awardee Best in Hekasi – Elementary Level Top 2 – Grade 7 Elementary Level Elementary Level included computer units and multimedia projectors. A highlight of the seminar series was discussions Dancer of the Year – Elementary YMCA Member Top 5 – Grade 7 Level Best in Science The Foundation also funded the renovation of the Level Most Kind on the values clarification. This provided a venue for Girl Scout of the Year – Girl Scout of the Year schools' computer laboratories and ICT integration in Elementary Level scholars and their parents to strengthen their bond, education trainings. Bauan Technical High love and support for one another. The training In 2015, two Computer Nooks were established in School program was implemented in all Philippine project Labangal Elementary School in Gen. Santos City, and Bauan, Batangas sites of the Foundation. Casinglot National High School in Misamis Oriental. Project AIDE The Foundation, in partnership with South Cotabato Integrated Port Services, Inc., financed the Project AIDE (Assistance to Improve Daycare renovation of Labangal Elementary School's computer Education) is a program that offers assistance to laboratory and donated 10 computer sets, a printer barangay daycare centers in three ways: facility and a pair of air conditioning units for the benefit of Kyla Marie B. Latag Kier Ralph M. Dalangin Leona S. Ramos Steven Kenn B. Malaluan Jesreyl C. Abella improvement, provision of educational and Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 over 1,400 students. Best in English 2nd Place Slogan Making Contest 3rd Honorable Mentioned – 1st Honorable Mention – 1st Honorable Mention – instructional materials, and professional 1st Place Journalism 2nd Place Math Quiz Bee Elementary Level Elementary Level Elementary Level Casinglot National High School also received (Broadcasting) 2nd Place Sudoko – District Girl Scout of the Year 2nd Place Sci-Art – District Level development of daycare workers. Best in Scriptwriting 2nd Place MTAP Math Challenge Best in EPP 5th Place Cartooning – District Level 10 computer sets including tables, a multimedia Best in Hekasi Boy Scout of the Year In Manila, a total of 10 daycare centers in projector and screen, and an air conditioning unit 3rd Place Journalism (Feature Best in Math Barangays 20 and 275, were renovated and and Filipino) 1st Place Tarpapel through the joint effort of the Foundation and 2nd Place Techno Quiz Bee repainted under Project Aide. The day care centers 3rd Place Math Quiz Bee Mindanao International Container Terminal Services Top 2 – Grade 7 Level also received a reading book package for the benefit Inc. One of the classrooms was also transformed Yes-O Officer of 1,020 daycare pupils and 10 daycare workers. into a computer laboratory for the use of 480 Labangal National High The Foundation, in partnership with the students. In November, the Foundation provided School Olongapo City Social Welfare and Development training to Casinglot teachers on how to maximize General Santos City Office, distributed assorted Adarna books, the use of the internet for educational purposes. multimedia audio compact discs and manipulative toys to eight daycare centers in barangays Sta. Rita and Asinan. A one-day story-telling workshop was also held for 54 daycare teachers in Olongapo to help them become better storytellers in their Joycel L. Monsales Naima B. Paguital Reysan P. Santiago Tiffany R. Araquil Jingky T. Quiapo Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 respective centers. Rank 2 – Grade 7 Level Rank 9 – Grade 7 Level Rank 6 – Grade 7 Level Rank 3 – Grade 7 Level Rank 1 – Grade 7 Level 1st Place in Cook Out – School 3rd Place in Running – School Level 2nd Place Intramurals Singing Contest Class President Level Rank 9 Grade 7 2nd Place Yes-O Science Quiz Bee Math President Finalist in Math Olympic – 3rd Place in Yes-O Camp Quiz Bee 1st Place Nutrition Month Cook TLE President Division Level 3rd Place in Collage Making Out Competition

12 13 High School Scholars

Olongapo National High High School. Aside from the improved interior and Technology & Livelihood School plumbing system, cabinets and additional lighting Education Olongapo City were also installed in the facility. The project benefits The Department of Education's implementation of the 300 students from grade 9, 10 and 11 who are K to 12 curriculum presents several challenges to the enrolled in cookery and housekeeping subjects. country's public school system. With the integration of vocational and practical courses in the curricular Alternative Learning System structure, there is an urgent need for additional The Alternative Learning System (ALS) Accreditation Maricha Jhen Sacbatona Angelica M. Tolentino Jeanne Rose M. Lee Ana Marie Rowelos Rochella Mae B. Diocares facilities and trainings for teachers. and Equivalency Program is an out-of-school youth Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 Filipino Club Member Top 6 – Grade 7 Level 6th Honor – Elementary Level Class Officer Valedictorian – Elementary level The technology and livelihood education (TLE) education program designed by the Department of Math Club Member Math Club President Science Club – Secretary Top 1 – Grade 7 Level Science Club Member 1st Place Nutri. Quiz 1st Place Tula assistance program of the ICTSI Foundation was Education to provide opportunities to out-of-school SPG Secretary 3rd Place Sayawit designed to support partner public schools in Yes-O Club Member 2nd Place Reader’s Theatre English youth who dropped out of school due to poverty and Champion in Badminton 2nd Place Reader’s Theatre Filipino responding to the various challenges that come with other personal reasons. F. Bangoy National High the new curriculum. Specifically, the current scope of The program requires participants to attend 10 School the TLE assistance program includes the renovation months of ALS classes before they take the DepEd's Sasa, Davao City of existing TLE rooms, provision of TLE-subject National Accreditation and Equivalency Test. Participants specific tools and equipment, and additional training who pass the test are given the chance to re-take formal for teacher's accreditation. education or pursue employment opportunities based on For the year in review, the Foundation extended the skills equivalency test passed. assistance to Bauan Technical High School in Batangas, The Foundation has been supporting the ALS Labangal National High School in Gen. Santos City and program of F. Bangoy Central Elementary School Loid Andre C. Aringoy Elma B. Carin Bea Aubry A. Concha Vience Jhon A. Banzali Reymar Villar Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 F. Bangoy National High School in Davao City. since 2011 by providing monthly honorarium to ALS Rank 9 – Grade 7 Level Rank 7 – Grade 7 Level Rank 3 – Grade 7 Level Rank 10 – Grade 7 Level Rank 8 – Grade 7 Level Yes-O Member Champion Reader’s Theater – Best in Delivering Sports Article Classroom Officer – Auditor Champion in Hair and Make up The Foundation, in partnership with Bauan instructors. From January to December 2015, three Classroom Officer – Business School Level Yes-O Member Competition International Port, Inc., donated five welding machines ALS instructors were given monthly honorarium. The Manager School Publication Writer Classroom Officer – Vice President Champion in T-shirt Printing – Classroom Officer – Treasurer Science Club – Vice President School and District Level complete with accessories to Bauan Technical High Foundation also donated three computer units and TLE Club – President 2nd Place in T-shirt Printing – Araling Panlipunan Club – PIO Division Level School for the school’s Welding Technology curriculum. two ceiling fans to the school's ALS facility. Classroom Officer – President Science Club – Vice President For the past two years, the Foundation In 2015, the program was able to achieve: Yes-O Member ! spearheaded the renovation of the culinary arts and 100% passing rate in Computer Hardware Servicing Tagaloan National High dressmaking laboratories of F. Bangoy. For the third TESDA NCII exam, with 20 takers and 20 more on School year, the Foundation partnered with Davao Integrated schedule on the first week of February 2016. Tagaloan, Misamis ! Port and Stevedoring Services Corp. for the renovation 100% passing rate in plumbing course, electrical Oriental of the school's hairdressing and cosmetology laboratory. installation and maintenance, computer hardware The Foundation also donated beauty care-related tools servicing, welding, beauty care exam. for the benefit of 200 grade 10 students, 350 grade 9 !45% passing rate in the National ALS Accreditation students, and 2,000 grade 7 and 8 students. and Equivalency Test an increase from the 24% The Foundation also teamed up with South passing rate in the previous year. The 47 passers Ammel N. Potane Marnique A. Berganio Paul Roland L. Reponte Cinderela L. Calang Joan B. Oberes Grade 7 Grade 7 Grade 7 Grade 7 Grade 7 Cotabato Integrated Port Services, Inc. for the were accelerated to college without undergoing the 4th Honor – Elementary Level Girl Scout of the Year 3rd Honor – Elementary Level 3rd Place Drawing With Honors – Elementary Level 2nd Place Collaborative 3rd Place Quiz Bee Most Kind renovation of the TLE facility of Labangal National K-12 education pre-requisite. 3rd Place Drawing Athlete of the Year !F. Bangoy ALS Learning Center earning a citation as one of the best ALS implementers in the Davao region.

14 15 College One of the classrooms in CNHS was converted into Scholars a computer laboratory complete with 10 units.

Manila

The newly renovated computer laboratory of the Kazelyn Malagueño Abong Jessie Serna Bacugan Kate Residoro Barle First Year/ BS Computer Science First Year/ BS Accountancy First Year/ General Education Labangal Elementary School provides a better Polytechnic University of the Pamantasan ng Lungsod ng Universidad de Manila learning environment for more than 1,400 students. Philippines Maynila RSSTHS - Top 8 in Special RSSTHS - Campus Journalist of Science Section / GS Standing - the Year and Best in Editorial UDM Writing (Filipino)

Project stakeholders inspect the newly renovated TLE room of Labangal National High School.

Gizelle Marie Pupora Caballero Pauline Daligdig Rhoselyn Dela Rosa First Year/ BS Mass 3rd Year/ BA History First Year/ BS Psychology Communication Polytechnic University of the Colegio De San Juan De Letran Pamantasan ng Lungsod ng Philippines DTAHS – Valedictorian, Best in Maynila President’s Lister – CSSD PUP, Filipino, Best in Technoquiz, Best GEAIHS – Valedictorian, 3rd Rank BA History Students AY in Business Plan, Hi Yiers of the Leadership Award, Best in English, 14–15, Service Award for being Year, Outstanding Leader Best in AP, 4th Place in Search for 2nd Year Representative of PUP Outstanding Campus Journalism SMK, TF SCALE Program in NYP The Foundation, in partnership with Davao Integrated Port and Stevedoring Services, Singapore Delegate Corp., financed the renovation of F. Bangoy National High School's hairdressing and cosmetology laboratory. The laboratory was also equipped by with cosmetology equipment for the benefit of students under the school's beauty care curriculum.

J.M. Joper Magtulis Dimalanta Jamaica Sulapas Duterte Charlotte Servilla Fernandez 3rd Year/ BSBA Human First Year/ First Year/ General Education Resources and Operations University of Manila Universidad de Manila Management RSSTHS – Pinakamahusay na RSSTHS – 2nd Place Oratorical Pamantasan ng Lungsod ng mambabalagtas, Champion in Contest Maynila Declamation Contest

ALS Accreditation exam passers from F. Bangoy ICTSI Foundation officers with Mrs. Analiza P. Central Elementary School pose with ICTSI Abayon, FBCES Principal, and Mr. Ricardo G. Bohol, Foundation, DIPSSCOR and school officers FBCES ALS Coordinator, during the turnover of the 16 during the project turnover. three computer units and ceiling fans. 17 College Scholars

Manila Bauan, Batangas

Mica Gahopo Fernandez Regilyn Altivo Genonsalao Rachel Orsolon Golosino Jayson Bernard Espina Ignalig Blessed Valencia Andrea Dinglasan Severano John Michael D. Pilares Lady Azareth Bisa Manalo First Year/ BS Accountancy First Year/ General Education First Year/ BS Broadcasting 3rd Year/ BS Architecture First Year/ BS Engineering First Year/ BS Engineering First Year/ BS Engineering First Year/ BS Accountancy Our Lady of Fatima University Universidad de Manila Communication Polytechnic University of the Batangas State University Batangas State University Batangas State University Batangas State University RSSTHS – 3rd Honorable Mention, Polytechnic University of the Philippines BTHS – Best in Science, BTHS – Best in English, First BTHS - Second Honorable Fatima Tribune – News Writer Philippines Salutatorian (Tech-Voc Honorable Mention, Award of Mention, Best in Mathematics, RSSTHS – Best in Copy Reading Curriculum) Excellence Outstanding Math Club Member and Headline Writing (Filipino Journalism)

Cecile Antenor Ilagan Jessa Marcial Ilagan Charlie Abante Gida Donna Mulingbayan Causapin First Year/ BS Education First Year/ BS Accountancy First Year/ BS Engineering First Year/ BS Engineering Camille Atun Labad Rommel Sevilleno Luague Sittie Hamima R. Macadato Eddielyn Alonio Ogdang Nicko Jan Conciles Ortinela Batangas State University Batangas State University Batangas State University Batangas State University 3rd Year/ BS Mathematics First Year/ General Education First Year/ Marketing First Year/ BS Architecture First/ BS Industrial Engineering BTHS – Third Honorable Mention BTHS – Outstanding Member of Pamantasan ng Lungsod ng Universidad de Manila Management Technological University of the Polytechnic University of the Bricks (School paper) Maynila Polytechnic University of the Philippines Philippines Philippines RSSTHS – Best in Science PUP – Dean’s Lister AY 2015 – Research 2016, 1st Semester

Khaycee Camia Casapao Mary Joy Dalisay Caringal Kimberly Joy Dimalibot Carbonel Genny Marie Dalino Boongaling First Year/ BS Engineering First Year/ BS Architecture First Year/ BS Accountancy First Year/ BS Accountancy Batangas State University Batangas State University Batangas State University Batangas State University BTHS – Fifth Honorable Mention, Mark Niño Itulid Retiro Eddie Cañete Ruño Ryza Dee Blanco Sab Vincent Emmanuel Padasas Mark Lloyd Holasca Yuhan Outstanding Leadership Award, First Year/ BS Economics First Year/ BS Information First Year/ General Education Salibio First Year/ BSBA Marketing Soduku National Finalist (9th Polytechnic University of the Technology Universidad de Manila First Year/ BS Electronics and Management PSSC) Philippines Pamantasan ng Lungsod ng RSSTHS - Top 10 Special Communications Engineering Our Lady of Fatima University Gawad Parangal 2015 (Barangay) Maynila Science Section Pamantasan ng Lungsod ng RSTTHS – 8th Honorable RSSTHS – Best in News Writing Maynila Mention, graduating class RSSTHS - Valedictorian, Debater of the Year, Y-associaate of the Year, Best in Editorial Writing, Editor-in-Chief of the Year

18 19 College Scholars

Olongapo Misamis Oriental

Gerlie Lyka Yañez Agoja Annalie Apilado Jhon Mark Revillosa Batolina Jeric Isip Beltran Judymar Salaan Salva Christine Kinkito Polinar Shellou Grace Villamor Salcedo Carmille Lourejo Mabayo First Year/ Customs Administration First Year/ Customs Administration First Year/ BS Education First Year/ BS Information First Year/ BS Information First Year/ BS Computer First Year/ BS Accountancy Salcedo Gordon College Gordon College Gordon College Technology Technology Engineering Liceo de Cagayan Univesity First Year/ BS Agribusiness OCNHS – Proficient in Math COMTEQ, Computer and Tagoloan Community College Mindanao University of Science THNS – 3rd Honorable Mention, Xavier University Award, IGC Meritorious Service Business College and Technology Best in Math TNHS – 6th Honorable Mention, Award, SSG Leadership Award, MOGCHS – 8th Honor SSG Math Quest 3rd Place

April Mae G. Neri Shenna Mae Sabacajan Hurtado Riza Jean Quilang Espinosa Sylvester Zamora Ejem Jean Carla Dumulot Caindoy Kaithlyn M. Fabillar Ressa Mae Gerona Czarina Alcantara Madulara First Year/ BS Information First Year/ Computer Engineering Fisrt Year/ General Education First Year/ BS ECE First Year/ BS Information First Year/ BS Elementary First Year/ BS HRMD First Year/ Business Technology Mindanao University of Science Cagayan de Oro College Mindanao University of Science Technology Education Gordon College Management Tagoloan Community College & Technology & Technology Gordon College Gordon College Gordon College MOGCHS – Top 1 in Class, Top TNHS -7th Honorable Mention, OCNHS – Class Academic OCNHS - Broadcasting – 2nd 11 in Graduating Class (Science), Service Award in SSG, Special Achiever, Meritorious Service Place, English Got Talent Academic Awardee, Co-curricular Awardee in Mathematics Award (YMCA) (Singing) – 1st Runner Up Achievement Awardee

Charlene Feria Orgen Franz Kingsley Madrio Carin Abejel Evan Fabela Bersabal First Year/ Customs Administration First Year/ BS Biology First Year/ Technology and Gordon College Mindanao University of Science Communications Management OCNHS - Filipino Balagtasan & Technology Mindanao University of Science Champion, Math Trail 2nd Best MAPEH Awardee, Academic & Technology Runner Up, SSC Hiphop 2nd Achievement Award Runner Up, Decathlon 2nd Runner Up

20 21 College Scholars

Davao General Santos

Mary Kailenne Ann Galaron Fritzie Joyce Ampeso Mendoza Antero Dumandan Marfil Chrisyl Joy Jaboni Inso Kissa Marie Luna Rubi Anabelle Donaire Rollon Daniella Fe Oracion Prado Julie M. Palmejar Tabiolo First Year/ BS Geology First Year/ BS Accountancy First Year/ BS Accountancy First Year/ BSED MAPEH First Year/ BS Accountancy First Year/ BS Civil Engineering First Year/ BSED Major in English First Year/ BS Accountancy University of Southeastern University of Mindanao University of Mindanao – Tagum Ramon Magsaysay Memorial Mindanao State University Mindanao State University Ramon Magsaysay Memorial University of Mindanao Philippines FBNHS – 2nd Honorable JTJMNHS – Academic Excellence Colleges LHNS – 3rd Honorable Mention GSCNHS – Science Investigator Colleges DCNHS – 4th Honrable Mention, FBNHS – First Honorable Mention, Mention, Sci-Damath of the Year Award, Valedictorian, Leadership GSCNHS - Best in English, Best of the Year Top 3 (Engineering & Science SSG Awardee Excellence Award, Most in Filipino Education Program), Researcher of Oustanding Campus Journalist, the Year, Endurance Award (ESEP) National Qualifier in National Schools Press Conference 2015

Honnyletth Joice Bayog Nagnal Richelle Intong Lubaton Christine Jelongos Lorilla Joner C. Guillero First Year/ BS Architecture First Year/ BSBA - Marketing First Year/ Bachelor in Physical First Year/ BS Civil Engineering Notre Dame of Dadiangas Management Education Ramon Magsaysay Memorial Shaina Jane Figuro Hugo Louiezzete Chrystelle Suguran Rean Gayle Ocular Gonzales Walter Eslawan Bantilan University Ramon Magsaysay Memorial Ramon Magsaysay Memorial Colleges First Year/ BS Geology Hoylar First Year/ BS Nursing First Year/ BS Accountancy GSCNHS – 6th Honor, SSG Colleges Colleges GSCNHS – First Honorable University of Southeastern First Year/BS Accountancy Davao Doctors College University of Mindanao Service Awardee, Yes-O GSCNHS – Peer Educators of the Mention, Best in Mathematics, Philippines University of Southeastern DCNHS – Merit Award, Certificate Leadership Awardee Year, TSG Leadership Awardee English and Filipino, Campus FBNHS – Valedictorian, Gerry Philippines of Participation in BLGU Children’s Citation Award for Journalism Roxas Award DCNHS - Science Award from Congress BSP, Endurance Award from Engineering and Science Educ. Program, Rank 25

Leizel Libres Gagabuan Angelica Manfredo Denosta First Year/ BSED – MAPEH First Year/ General Education Ramon Magsaysay Memorial Ramon Magsaysay Memorial Colleges Colleges Jennalyn Marcelo Abrio Daniella Rivera Amahan Patricia Joie Yap Baluyot LHNS – With Honors, Distinction LNHS – 2nd Honorable Mention, First Year/ BS Chemical First Year/ BS Accountancy First Year/ BS Civil Engineering Award in Drama Senior Scout of the Year Engineering University of Mindanao Ateneo de Davao University University of Mindanao DCNHS - 15th Honorable Mention, DCNHS – Most Outstanding FBNHS – Leadership Award Rank 10 in ESEP, Researcher of Creative Writer, News Editor of the Year, Mananalumpati ng Taon, Ang Daluyong, 3rd place Shadow Leadership Award Puppetry Festival of Talents

22 23 Sports Development

Team Manila entered the semifinals of the Big League World series undefeated. The Softbelles eventually managed to secure third place he year in review proved to be a bright the participation of more students in sports activities at the tournament. one for the Foundation's sports development and programs. program. To promote sports among schools In 2015, the Foundation donated sports and encourage participation of the youth, the equipment to the local DepEd office in Tagum to TFoundation continued its support for the support the agency's athletics, arnis and taekwondo sports programs of local schools in ICTSI's host programs. The donation was made for the benefit of communities. Equipment donations were made to more than 23,765 elementary and secondary DepEd Tagum and Casinglot National High School in students of the division. The Foundation also turned Tagoloan, Misamis Oriental. over volleyball, basketball, softball, and training and In an impressive display of competitiveness, fitness equipment to Casinglot National High School talent and hard work, ICTSI-sponsored teams and in Tagoloan, Misamis Oriental, which has more than athletes emerged as winners in the majority of the 500 students. tournaments they took part in. ICTSI supported the The Foundation also donated sports equipment Philippine women's softball team in their campaign at to the Special Education Department of Kalalake Junior golfers get to test their skills in the JGFP- sanctioned The Junior Golf League annual the Big League World Series. Though not able to win Elementary School in Olongapo for the benefit of 104 tournament. the championship, the softbelles managed to secure a students with special needs. third place finish. In golf, the ladies amateur team continued their Philippine Softbelles winning tradition by stringing together a number of Sponsorship wins in international tournaments. Locally, ICTSI The ICTSI Foundation continued to support Little continued its support for the Junior Golf Foundation of League Manila South in their campaign at the Big the Philippines through the ICTSI-JGFP Inter-School League World Series in Roxana, Delaware, United Golf Championship. States last August. The Manila-based baseball club's ladies softball team, Team Manila Philippines, placed Sports Development in Schools second runner up in the 2015 season of the World ICTSI Foundation personnel turn over Sports is one of the integral components of the sports equipment to officials of Casinglot Series softball held at the Lower Sussex Little League National High School in Misamis Oriental. Philippine education system. Sports in schools foster Complex in Pyles Center. holistic development among the youth. Aside from the Team Manila--PH, composed of the country's top benefits of engaging in physical activities, sports also collegiate softball players from Manila universities, promotes leadership, teamwork, competitiveness and secured a semifinal berth after besting other teams in sportsmanship among the youth. With sports among its pool with three wins and no loses. The top two its core pillars, the ICTSI Foundation established a teams in the two pools of the tournament who sports development program that is designed to aid qualified for the finals were: Manila--PH and Antelope public high schools in implementing their own sports Valley, California from Pool A; and Millsboro, Delaware programs. Through its sports development assistance and East Monroe, Louisiana from Pool B. program, the Foundation provides sporting gears and In the crossover match, the Manila softbelles lost equipment to partner schools, and in some cases, to to eventual champion East Monroe--LA. However, local offices of the Department of Education (DepEd). Having the proper sports equipment in schools would help in the development of talents and also encourage Davao Integrated Port and Stevedoring Services The ICTSI Ladies Amateur Team (from left): Coach Nestor Corp. officers join ICTSI Foundation personnel Mendoza, Abegail Arevalo, Sofia Chabon, Coach Bong during the turnover of sports equipment to the 24 Lopez, Bernice Olivarez-Ilas, and Samantha Martirez. local DepEd office in Tagum, Davao del Norte. 25 Team Manila--PH was able to clinch its next best Roster of Roster of Lady Amateur Golfers placement when it won against defending champion Softbelles (including wins) and host Millsboro--DE in the battle for third. Antelope Princess Mary Superal Valley--CA, which was second to Manila--PH in Pool  Finished 8th in the Ladies A, was the season's first runner up when it lost to East British Open Amateur Stroke Monroe--LA in the finals. Play Championship The Team's third place finish this year is, by far, its  Champion, 10th Sabah best placement since 2012 when the Team won the Kristine Marie Acuña Mary Ann Antolihao Riflayca Basa Arlyn Bautista Maria Monica Borromeo International Junior Masters league's overall championship in Kalamazoo, Michigan. National University University of Sto. Tomas Adamson University Adamson University Ateneo De Manila University  Champion (team), 17th The Manila softbelles have been consistent in winning Sarawak Chief Minster's Cup 2015 the Asia Pacific regional championships. The regional  Champion, 24th SIC/DBS Junior Invitational Golf title qualifies the Team to the Big League World Series. Championship Team Manila--PH is among the top teams in the US-  Champion, Pondok Indah International Junior Golf based league as it has been placing well for the past 15 Championship years: championship in 2012; first runner up finishes in 2011, 2010 and 2008; and second runner up in 2015, Pauline Del Rosario 2005 and 2001.  Champion, IMG Qualifying Shaina Camacho Delyrose Covarrubias Shaira Damasing Princess Mae Jurado Clarisse Lozada The Foundation has been supporting Little League Adamson University Adamson University National University Adamson University Adamson University  Champion, Singapore Junior Manila South since 2013 as part of its sports assistance Golf Championship program. The softball players are athletic scholars of  Champion, Malaysian Ladies Manila-based universities Adamson University, University Amateur Open of Santo Tomas, National University and University of the  Champion, U.S. Girls Junior East. Most of these young ladies are from indigent Qualifiers families who avail of collegiate athletic scholarships  Champion, Bing Cosby Memorial Junior Tournament provided by the universities. The Foundation also  Champion, 85th Women's Transnational Championship supports select Filipino athletes when representing the  Champion, 14th True Visions International Junior country in international sporting events. Roxzell Pearl Niloban Florabelle Pabiania Mary Nichole Padasas Ma. Celestine Palma Christy Joy Roa Golf Championship University of the East Adamson University Adamson University University of Sto. Tomas University of Sto. Tomas  Ladies Amateur Golf Champion, Willowick Summer Championship, 14-18 age bracket A total of eight lady golfers, two of whom are part of  Class A Champion, Singha Thailand Junior World the National Golf Association of the Philippines Championship 2015 (NGAP), make up the 2015 roster of the ICTSI Amateur  Champion, 17th Canlubang Open Golf team. Supervised by two veteran coaches, the  Champion, FCG International Junior Golf team competed in 53 international tournaments and Championship six local tournaments to win a total of 32. In one of the  Champion (team), 17th Sarawak Chief Minster's notable achievements for the team last year, Princess Edna Mae Severino Chrystal Yamut Ana Maria Santiago Sheirylou Valenzuela Sandy George Barredo Jr. Cup 2015 Mary Superal, Pauline Del Rosario and Mikhaela Adamson University Adamson University Head Coach, Adamson Asst. Head Coach, Adamson Head Coach, University of Sto. University, Manila Little League University, Manila Little League Tomas, Asst. Coach, Manila Little Fortuna secured the top three finishes at the 87th San League Francisco Junior Girls Tournament in July.

26 27 Sofia Chabon (left) and Abegail Arevalo put up a stellar display of skills en route to top place finishes at the RSGC AmBank Junior Amateur Open Championship in Bernice Olivarez-Ilas Mikaela Fortuna Kuala Lumpur, Malaysia.  Champion, Willowick  Champion, 10th Sabah Summer Championship, 12- International Junior Masters, 13 age bracket 13-15 age bracket  Champion, Skylinks Summer  Champion (team), 17th Golf Championship, 12-13 Sarawak Chief Minster's Cup age bracket 2015  Champion, 10th AmBank-SportExcel International Jr  Champion, Pondok Indah International Junior Golf Golf Championship, Malaysia Championship  Champion (team), 17th Sarawak Chief Minster's Cup 2015 Junior Golf  Champion, Pondok Indah International Junior Golf The Foundation continues to be a steadfast partner of Championship the Junior Golf Foundation of Philippines (JGFP) for the latter's junior golf program, helping nurture the Samantha Martirez talents of young golfers from different walks of life  Champion, Skylinks Summer from all over the country. Golf Championship, 14-18 To mark five years of partnership,70 tournaments age bracket were held including the 2015 ICTSI-JGFP Inter-School  Champion, Ladies Philippine Golf Championship. Golf Tour at Splendido Thirty academic institutions and 20 golf clubs  Champion, 26th Annual Costa Mesa Championship were represented in multi-division competitions that  Class A 3rd place, Singha Thailand Junior World attracted more than 200 junior golfers, 55 of whom are Championship 2015 from the marginalized sector.  Champion, Kids Golf World Championship Malaysia Notable junior golfers like Rupert Zaragoza, ICTSI continues its support for the Junior Sofia Chabon Aidric Chan, Carl Corpus, Kristoffer Arevalo, Pauline Golf Foundation of the Philippines, helping  Del Rosario, Mikhaela Fortuna, Bernice Ilas, Annika young, aspiring talents hone their skills. Champion, West Lake Summer Championship Cedo, Miya Legaspi, Sean Granada, Sean Jean  3rd place, Skylinks Summer Ramos, Luis Castro, Jolo Magcalayo and Sophia Golf Championship, 14-18 Chabon competed outside the country, winning age bracket several international tournaments. They did not only  Champion, 24th SIC/DBS make a name for themselves, they also brought honor Junior Invitational Golf Championship to the country as well.  2nd place, Kids Golf World Championship Malaysia With its continuous support to several junior golf beneficiaries, the ICTSI-JGFP Inter-School Abegail Arrevalo Championship remains as the pinnacle of sports  4th place, Skylinks Summer development for the Foundation's sports program. Golf Championship, 14-18 age bracket  Class B Champion, Singha Thailand Junior World Championship 2015

28 29 Community Welfare

Roster of Junior Golf Champions Ken Shibata ear after year, the Foundation continues 2nd Place, Japan International School (151) to implement community welfare projects Kindergarten Boys Division 1 Joaquin Hernandez Armand Copok with the aim of further strengthening its 3rd Place, Singapore School Manila (144) 1st Place, British School Manila (133) relationship with ICTSI's host communities. Javi Lazatin YIn 2015, the Foundation expanded the Julien Lhullier 4th Place, San Beda College Alabang (135) 2nd Place, Brent International School (88) scope of its Parola Solid Waste Management Project Andrew Chua Kindergarten Boys Division 2 (PSWMP) to include Isla Putting Bato in Tondo, 5th Place, Makati Hope Christian School (118) Emilio Hernandez Manila. Isla Puting Bato is a community of indigent Grade 4-6 Girls Division 1st Place, Singapore School Manila (122) people near Berth 6 of the Manila International Margarita Lazatin Flynn Alcer Chua Container Terminal. From September to October, a 1st Place, San Beda College Alabang (145) 2nd Place, Makati Hope Christian School (112) team from the Foundation conducted a series of Monique Arroyo Kindergarten Girls Division seminars about proper solid waste management and 2nd Place, Assumptio San San Lorenzo (140) Mikaela Dela Paz disposal. Theresa Dela Paz 1st Place, HEDCEN-TLFH (109) PSWMP started to draw attention, eventually 3rd Place, St. Michael the Archangel (128) Angela Chua becoming the benchmark for a community-based Annika Chua 2nd Place, Makati Hope Christian School (68) solid waste management project. Consequently, the 4th Place, Makati Hope Christian School (114) A volunteer doctor checks the Grade 1-3 Boys Division condition of a patient. Metro Manila Development Authority (MMDA) invited Princess Pascua Miko Granada the Foundation to participate in the Stakeholders’ 5th Place, El Rio De Pasig (104) 1st Place, Xavier School (148) Consultation Workshop, which was organized in Grade 7-10 Boys Division Santino Pineda partnership with the World Bank, for the Metro Manila Josh Jorge 2nd Place, The Bridge School (146) Flood Management Project, Phase 1, Component 2: 1st Place, MCA Montessori School (152) Jean Rex Tolentino Minimizing Solid Waste in Waterways. Cedrick Aunzo 3rd Place, O.B. Montessori Fairview (140) PSWMP was also hailed as the Best Employment 2nd Place, Diosdado Macapagal High School (137) Sebastian Arenas Project in the National Capital Region Bangon Harry Back 4th Place, Xavier School (134) c/b Kabuhayan Awards 2015. The award is given by the 3rd Place, Brent International School (131) Joaquin Arenas Department of Social Welfare and Development to Israel Macatangay 5th Place, Xavier School (134) recognize its partners' support for the Department's 4th Place, Batangas State University (118) Grade 1-3 Girls Division Sustainable Livelihood Program. Masaichi Otake Reese Ng In March, a huge fire broke out in Parola. The 5th Place, Southville International School (113) 1st Place, British School Manila (164) Foundation distributed food to about 3,500 displaced Grade 7-10 Girls Division Venice Tiamsic families. After a week, the Foundation organized Mikaela Arroyo 2nd Place, Casa Real Montessori (153) another relief operation and distributed basic essentials 1st Place, Assumption San Lorenzo (141) c/b Gabrielle Rosca like clean towels, mats, blankets and toiletries. Samantha Dizon 3rd Place, Immaculate Concepcion Academy (142) The Foundation, in partnership with Clark 2nd Place, Poveda (141) Stevie Umali Development Corporation, also distributed aid to the Aalia Labrador 4th Place, Everest Academy (124) families affected by Typhoon Lando in October. 3rd Place, British School Manila (108) Lia Duque With the help of local doctors' and dentists' Kristen Gueverra 5th Place, The Master Academy (115) 4th Place, The Master Academy (93) associations, the Foundation organized free medical Grade 4-6 Boys Division Teresa Agdamag and dental clinics for host communities in Bauan, Sean Granada 5th Place, MCA Montessori (86) 1st Place, Don Bosco Technical College (156) The ICTSI Foundation conducted several outreach programs for children 30 in celebration of the holiday spirit. 31 Parola EcoPatrols listen to the head of Kilus Livelihood Center in Brgy. Ugong, Pasig City during their Lakbay Aral session.

Batangas, Davao City, and Gen. Santos City. The management, and from that, analyze what can be medical mission was conducted in partnership with replicated in their own respective communities. The the local associations of doctors and dentists. areas visited by the EcoPatrols were East Rembo, In December, the Foundation introduced new Makati City; Holy Spirit, Quezon City; Fort Bonifacio, elements to its annual Christmas outreach activities. Taguig City, and Ugong, Pasig City. For the first time, outreach missions were done in a On June 24, simultaneous with the Manila Day number of institutions within ICTSI's host communities celebrations, the Foundation's PSWMP team, together in Calamba, Olongapo, Davao City, Misamis Oriental with the MMDA, Department of Public Works and and Gen. Santos City. Highways and Manila Department of Public Services, In another first, ICTSI high school and college spearheaded a clean-up drive along the South scholars were invited to join the outreach activities in Access Road. The activities involved drainage de- their respective communities. In MICT, the Foundation clogging and flushing, as well as wall repainting launched a volunteerism program for ICTSI employees. throughout the stretch of the South Access Road. Through the Christmas Wish Tree initiative, employees The PSWMP caught the attention of different EcoPatrols repainted were given the chance to play Santa Claus by granting entities as one of the best practices in community- the community walls the wishes of children at the Manila Boys Town. The based solid waste management. Consequently, a UN along South Access Road during the clean initiative drew interest and participation from both ICTSI Special Rapporteur and World Bank consultants went up drive in June. and non-ICTSI employees at MICT. to Parola to interview some of the EcoPatrols about their situation. Parola Solid Waste The Foundation also received an invitation to Management Project present PSWMP at the Stakeholders’ Consultation During the year in review, the Foundation's flagship Workshop of the Metro Manila Flood Management community project Parola Solid Waste Management Project. The workshop was attended by Project expanded to Isla Puting Bato. The expansion representatives from local government units and non- The Foundation’s very own Dra. Patricia Licup increased the total number of EcoPatrols from 62 to government organizations. introduced the provisions of R.A. 9003 to 78. The 16 new EcoPatrols were all recipients of the The employment component of the project was members of the Parola EcoPatrols through a Philippine Government's Conditional Cash Transfer cited as the best in employment facilitation in NCR at series of seminars to promote proper community-based solid waste management. Program. A total of 986 residents of Isla Puting Bato the Bangon Kabuhayan Awards 2015, which is an attended a series of seminars on solid waste annual award given by the Department of Social management. Welfare and Development to partner entities that Parola EcoPatrols also participated in sit-downs support the agency's Sustainable Livelihood Program. and practical capability-building activities organized by General assemblies were held each month in 2015 the Foundation. The activities covered the sessions to update the EcoPatrols about the project, hear their on the art of persuasion and message development. concerns with regard to its implementation, fete birthday EcoPatrols also went on an educational trip, visiting celebrants, and name the EcoPatrol of the month. some of the cleanest barangays in Metro Manila. The Looking ahead, the PSWMP team will continue to Foundation wanted them to observe how other strengthen the monitoring and evaluation component communities properly manage their waste and take of the project in order to come up with specific note of viable livelihood opportunities from waste numbers in terms of garbage reduction and number of people observing proper waste segregation. The Parola Solid Waste Management Project receives two citations at the Bangon Kabuhayan Awards 2015 -- Best Regional Employment in the National Capital Region and Special Award as the 32 2nd Most Environmentally-Friendly Project. 33 2015 Roster of Parola EcoPatrols

Cesar Aragon Marites Rongcales Sonny Gabat Lucy Abong Leo Mabilog Maricel Lava Sherwin Bassig Isabelita Mararac Mercy Nuñez Brgy 20, Gate 1 Brgy 20, Gate 1 Brgy 20, Gate 2 Brgy 20, Gate 2 Brgy 20, Gate 3 Brgy 20, Gate 3 Brgy 20, Gate 4 Brgy 20, Gate 4 Brgy 20, Gate 5

Sonia Reyes Anita Lerios Evelyn Rael Jovanille Orellano Catherine Manayan Gina Bellosillo Yolanda Ladrillo Aurora Reyes Gilda Pascua Francisco Evaristo Brgy 20, Gate 5 Brgy 20, Gate 6 Brgy 20, Gate 6 Brgy 20, Gate 7 Brgy 20, Gate 7 Brgy 20, Gate 8 Brgy 20, Gate 8 Brgy 20, Gate 9 Brgy 20, Gate 9 Brgy 20, Gate 10

Amy Calvo Marivic Jagarap Ma. Pia Ausa Allan de los Reyes Miguela Sagnip Angelyn Redillas Lourdes Cheung Rosendo Lut Elenita Olete Judy Oliva Brgy 20, Gate 10 Brgy 20, Gate 11 Brgy 20, Gate 11 Brgy 20, Gate 12 Brgy 20, Gate 12 Brgy 20, Gate 13 Brgy 20, Gate 13 Brgy 20, Gate 14 Brgy 20, Gate 14 Brgy 20, Gate 15

Celerina Sibug Fe Caparal Erlyn Llege Corazon Pomarejos Leonila Hungay Annie Velasco Ma. Liza Colico Gertrudes Farne Elizabeth Francisco Lea Fabregas Brgy 20, Gate 15 Brgy 20, Gate 16 Brgy 20, Gate 16 Brgy 20, Gate 17 Brgy 20, Gate 17 Brgy 20, Gate 18 Brgy 20, Gate 18 Brgy 20, Gate 19 Brgy 20, Gate 19 Brgy 20, Gate 20

34 35 2015 Roster of Parola EcoPatrols

Jherlie Fabregas Norma Romero Carmencita Amistad Dario Habal Catherine Balisi Domingo Valdez Juliet Acuña Rizal Catalogo Marilyn Palconet Brgy 20, Gate 20 Brgy 275, A 46 Brgy 275, A 46 Brgy 275, A 48 Brgy 275, A 48 Brgy 275, A 50 Brgy 275, A 50 Brgy 275, A 52 Brgy 275, A 52

Eduardo Regalado Marilyn Añosa Marlon Reyes Amelita Escalona Allan Añosa Lisa Gozarin Teodor Austero Loresa Donesa Ismael Gagate Magdalena Gagate Brgy 275, A 54 Brgy 275, A 54 Brgy 275, A 56 Brgy 275, A 56 Brgy 275, A 58 Brgy 275, A 58 Brgy 275, A 60 Brgy 275, A 60 Brgy 275, A 62 Brgy 275, A 64

Rozalito Pujeda Enrico Panes Ibrahim Tiagan Nenita Solis Rosa Tagu-an Wilfreda Penaso Jemimy Rose Angelita Madriaga Maricel Monsale-Jumuad Arlene Antipolo Brgy 275, A 64 Brgy 275, A 64 Brgy 275, Area Monitoring Officer Brgy 20, Gate 1 Brgy 20, Gate 5 Brgy 20, Gate 6 Brgy 20, Gate 8 Brgy 20, Gate 10 Brgy 20, Gate 17 Brgy 20, Gate 20

Analyn Calvo Rowela Arrobang Maricel Malinao Rebecca Sanchez Mylene Casiano Melanie Casteñeda Marivic Lobesto Karen Mendoza Marianita Luces Bernie Cancino Brgy. 20, Area F Brgy 20, IPB Purok 1 Brgy 20, IPB Purok 3 Brgy 20 Isla Puting Bato, Area Brgy 20, IPB Purok 3 Brgy 20, IPB Purok 4 Brgy 20, IPB Purok 4 Brgy 20, IPB Purok 4 Brgy 20, Area Monitoring Officer Brgy 20, Area Monitoring Officer Monitoring Officer

36 37 Dr. Jo Arago, Bauan Dental Society President, demonstrates to students the proper way to brush teeth.

Capability Building for Relief Operations for Parola fire EcoPatrols & Typhoon Lando Victims In May, the Foundation organized the "Message The Foundation conducted two major relief Development and the Art of Persuasion Seminar / operations in 2015 for the victims of the Parola fire Workshop for EcoPatrols of the PSWMP" to teach and typhoon Lando. EcoPatrols how to develop effective communication In Manila, fire broke out and enveloped that would persuade their respective communities to Barangays 275 and 20 in Parola in March. The act and help avoid misunderstandings among Foundation extended assistance to more than 3,000 A medical practitioner provides members of the community. families who took refuge at the Delpan Sports prescription medicines during a medical mission in Labangal, Gen. Santos City. A month later, the Foundation, together with the Complex, Delpan Evacuation Center, Coast Guard Philippine Business for Social Progress, conducted compound, Baseco covered court and barangay an orientation on the Parola Soldi Waste halls. The victims were given food, sleeping mats, Management Project and R.A. 9003. The orientation toiletries and laundry items. The Foundation made also tackled the Manila Bay and the Supreme Court's sure each and every family was provided for, Continuing Mandamus for the 15 new EcoPatrols including those of ICTSI employees who were also from Isla Puting Bato. affected. In October, the Foundation and Subic Bay Gamutan sa Pantalan International Terminal Corp., in coordination with For the year in review, the Foundation also Clark Development Corporation, distributed relief implemented free medical and dental checkups for goods to more than 500 residents of Talavera, Nueva the marginalized constituents of ICTSI host Ecija, which was among the most heavily devastated communities. places by typhoon Lando. The Foundation partnered with local ICTSI subsidiaries in Davao, Batangas and General Santos Handog Salu-salo at Regalo City, along with the local government units and sa Pasko Foundation personnel People line up as volunteers hand spearheaded the private health organizations to conduct medical- out free medicines during a medical The Foundation expanded its annual Christmas gift- distribution of relief mission in Brgy. Sasa, Davao City. dental missions in the areas mentioned. The medical giving activity to all six ICTSI local subsidiaries in goods to the Parola fire victims. missions benefitted a total of 1,920 medical patients 2015. The Foundation also selected 16 government, and 368 dental patients. private and religious institutions for the activity. The Aside from the free medical checkup, DSWD and CSWDO, Missionaries of Charity and beneficiaries from Gen. Santos city also received gift Marcellin Foundation managed shelters for packs containing rice, canned goods, noodles and abandoned and abused children and elderly were personal hygiene kits. Gamutan sa Pantalan marks also identified as partner-beneficiary institutions. A South Cotabato Integrated Port Services, Inc.'s first total of 145 employee and scholar volunteers medical mission activity. participated in the event for the benefit of 2,201 beneficiaries.

ICTSI scholars from Batangas State University took part in the Christmas outreach 38 mission in Calamba, Laguna. 39 Special Projects & Development Assistance

Volunteers from ICTS subsidiaries, including side from its core programs in the host Foundation scholars, assisted the Foundation in communities of ICTSI ports, the Foundation implementing the activities in the following institutions: also explores other opportunities to help Area / Subsidiary Institution No. of Staff No. of Volunteers No. of Beneficiaries in other areas through special projects A and development assistance. A. Manila (MICT) Parola Day Care Centers 9 60 PTS officers and Daycare workers 1,020 In 2015, the Foundation extended support to the Missionaries of Charity Home of Joy 3 2 DSWD 58 7 ICTSI Global HR Employees families of the 44 slain and 15 wounded Special Action Force in the latter’s encounter with rebel Home for Abandoned and 14 0 90 Neglected Eldrely groups in Mamasapano, Maguindanao. Alay ng Puso 3 3 Solaire staff Sick Children - 27 The Foundation also extended financial Elderly - 30 assistance to Tanging Yaman Foundation’s Manila Boys Town Foundling Home 3 3 scholars 23 scholarship program and to V on Wings Producer Cooperative for its water system project for the Lualhati ng Maynila 3 3 scholars Mala - 137 2 ICTSI staff Femal - 163 indigent residents of Sitio Cogunan in Barangay Sibul Boys’ Home 4 4 scholars 110 Springs, San Miguel Bulacan. 2 ICTSI staff Mission for SAF 44 Girls’ Home 4 4 scholars 210 In January, 44 members of the Philippine National B. Olongapor City Social Development Center 3 3 SBITC staff 25 Police Special Action Force lost their lives in an (SBITC) 6 scholars operation to capture the Malaysian terrorist Zulkifli Center for Youth 3 3 SBITC staff 27 Abdhir. On behalf of Enrique K. Razon Jr., the ICTSI 6 scholars Foundation set out teams to visit the families of the said Center for Women 3 3 SBITC staff 15 6 scholars officers to personally hand over financial support. The Foundation also provided financial assistance to the 15 C. Calamba, Laguna Bahay ni Maria 4 1 BIPI staff 35 12 scholars wounded SAF members at Camp Crame Hospital. D. Misamis Oriental Center for Special Children 3 6 MICTSI staff 68 Financial grant to Tanging (MICTSI) 4 scholars 4 Agency Rep. Yaman Foundation, Inc. E. General Santos City Marcellin Foundation 5 9 SCIPSI staff 53 The Foundation, through the Tanging Yaman (SCIPSI) 8 scholars Foundation, Inc., extended financial grants to support Home for Boys 5 7 SCIPSI staff 22 the continuing education of its college scholars. The 4 scholars Tanging Yaman Foundation is a conduit foundation Substitute Home for Girls 5 9 SCIPSI staff 30 that channels Filipino generosity for the benefit of 2 scholars those in need. It started out as an annual liturgical F. Davao City Reception and Study Center 4 10 scholars 58 concert that raises funds for the benefit the less- (DIPSSCOR) for Children 2 parents fortunate. Its modern-day evolution has expanded its 5 DIPSSCOR staff scope to include victims of calamities, poor students Total 145 volunteers* 2,201 beneficiaries and children, livelihood and the environment.

*Note: Total number of volunteers lesser than actual count given that some are the same individuals who attended multiple activities (Manila, Olongapo and General Santos).

40 41 Clean water project in San Miguel, Bulacan The Foundation donated funding for the implementation of the “Running Water, Running Life Project” of V on Wings Producer Cooperative in Sitio Cogunan, Barangay Sibul Springs, San Miguel Bulacan. Sitio Cogunan, a humble community situated at the foot of the Sierra Madre Mountain range, is home In one of the homes of the SLAIN 44 in the Mountain Province to more than 400 individuals who thrive through subsistence farming, limited livestock rearing, and until recently, through a small scale charcoal making industry. A lone spring serves as the only source of water for the whole community. The Foundation recognizes the community’s pressing need for water-generating facility and supports the establishment of a clean water supply to improve the living standard of residents and contribute to the community’s development. With a sustainable supply of clean water, the community can focus on other livelihood sources such as bamboo seeding propagation, livestock and crop farming, and even aquaculture. Having these options can inspire the community to veer away from the environmentally harmful charcoal trade. For its part, the V on Wings Abundant with water during the rainy season but almost dries up every summer, this well is the only source of water Cooperative pledged to set aside a portion of its for the residents of Sitio Cogunan. income from various livelihood activities to fund the facility’s maintenance and ensure the project’s sustainability.

(From left) Filipina C. Laurena turns over the check donation to Sarah Gay Manuel, V on Wings Cooperative Administrator. Witnessing the turnover were Sibul local 42 officials Laureano Ligon, Brgy. Chairman, and Remegio Sta. Ana, Brgy. Councilor. 43 2015 Citations & Recognitions ICTSI CSR Statement

28 January: ICTSI: The Value of the Long View arola Solid Waste Management Project s a port developer, manager and operator, we recognize that our organization -- (PSWMP), Best New Social Technology International Container Terminal Services, Inc. -- touches the lives of so many: individuals, Award, Parangal sa Natatanging Kontribusyon sa families and communities; sectors and industries; as well as local, national, intraregional PBayan (PANATA) Awards, Department of Social and inter-regional economies. Welfare and Development. A From Day One of our corporate life, we have always taken the long view of things, putting a premium on old-fashioned values of prudence, discipline and stewardship. 6 August: Certificate of Recognition, F. Bangoy Now, as our business organization continues to grow, we are continuously translating these National High School, Davao City. values into their contemporary equivalent, as we work to sustain profitability accomplished with integrity, and to advocate quality of life within and beyond our organization. 28 August: Certificate of Appreciation, Bauan Technical High School, Bauan, Batangas. Good Global Citizenship Corporate social responsibility is at the core of ICTSI operations and corporate governance, encompassing relationships and commitments within the organization and beyond it. We see CSR as having positive impact through Good Global Citizenship: nurturing harmonious relationships with shareholders and employees, customers and suppliers, host communities, 30 September: Plaque of Appreciation awarded to government units and regulatory entities, and other stakeholders. Within the organization, we partners during the 47th Anniversary of the Nayon ng uphold the diligent practice of Corporate Stewardship; working outward, we actively promote Kabataan, a residential institution for abused, Development Partnerships. orphaned, neglected and exploited children. Corporate Stweardship 23 October: Certificate of Appreciation from Labangal We value Good Corporate Governance: principled and effective Corporate Stewardship of people, National High School, Gen. Santos City. of corporate resources, and of the environment. We are committed to:  Promoting a strong culture of excellence, integrity and professionalism among employees; 23 October: Plaque of Appreciation, awarded to partners  Advancing our employees' quality of life; and, during the 37th Anniversary of the Department of Social  Protecting our people's health and occupational safety, while protecting the environment, Welfare and Development National Capital Region especially in our port operations. We welcome the continuing evolution of internationally accepted frameworks for setting, 13 November: Parola Solid Waste Management implementing and measuring compliance with corporate governance standards and systems. Project, Best Employment Project in the National These frameworks shape and inform our efforts towards: Capital Region, Bangon Kabuhayan Awards 2015,  Ethical code of conduct in all aspects of the corporate organization; annual search organized by the Department of Social  Compliance with all government legislation and industry standards; and, Welfare and Development .  Accountability to and transparency towards all internal and external stakeholders. Ours is an ongoing work of transitioning from the simpler embedded-in-practice approach of 13 November: Parola Solid Waste Management corporate stewardship, to formal organizational codes of conduct and systems that we can apply Project, Special Awardee and 2nd Place, Most across all strata of the organization, and replicate globally across all operations. Environmentally-Friendly Project Category, Bangon Kabuhayan Awards 2015.

25 November: Plaque of Appreciation, City Social Welfare Development Office, Olongapo City. 44 45 ICTSI Foundation

Development Partnerships Vision We embrace the call for the corporate sector to become increasingly active and on-ground partners in development, be it in communities or sectors. We recognize the challenge of the times: the demand for more substantive and more empowering initiatives -- Corporate Philanthropy premised, not on the charitable giving model, but on the active promotion of Development Partnerships. Three distinctives thus mark our Corporate Philanthropy perspective: A society that supports and advances the growth potentials of the youth  We choose to invest in the youth of today: a critical contribution holding next-generation implications. Mission  We choose to be context-based: empowering and equipping the youth within the context of Provide support mechanisms and stimuli in sports, education, and community welfare/social services that will their immediate environments, such as the communities they live in, how they learn, and how enhance youth development they play. Goals  Recognizing the growing impact of environmental issues on social development, we advocate  To develop young athletes for participation in national and international sports competitions; environmental stewardship within the Company and in communities, even as we support  To provide scholarship grants and other forms of educational assistance to deserving youth; disaster response efforts.  To provide skills and livelihood trainings to out-of-school-youth and other sectors of select communities; In support of government in its social development initiatives, and to contribute to the social and, development of host communities where ICTSI operates, we maximize multiple avenues for our  To implement community welfare or social services to address needs of identified/selected/preferred Corporate Philanthropy commitment: communities or individual-beneficiaries.  Through the long-standing and continuing Group-wide community and sectoral development The Foundation is prepared to take on any of these roles to help ensure the success of development initiatives of the Head Office and the various local and international subsidiaries; partnerships that are initiated or supported by the ICTSI Head Office, ICTSI subsidiaries, other organizations, or  Through the official Corporate Philanthropy arm of the ICTSI Group, the ICTSI Foundation, with by communities or sectors: its Sports Development, Education and Community Welfare program pillars; and,  Proponent  Through additional selected advocacies receiving our support.  Partner  Funding Institution  Implementer  Coordinator

46 47 Independent Auditor’s Report Statements of Financial Position

December 31 2015 2014

SyCip Gorres Velayo & Co. Tel: (632) 891 0307 BOA/PRC Reg. No. 0001, 6760 Ayala Avenue Fax: (632) 819 0872 December 14, 2015, valid until December 31, 2018 ASSETS 1226 Makati City ey.com/ph SEC Accreditation No. 0012-FR-4 (Group A), Philippines November 10, 2015, valid until November 9, 2018 Current Assets Cash (Note 5) P7,813,129 P7,343,534 The Board of Trustees Other current assets (Notes 6 and 12) 614,743 34,130 ICTSI Foundation, Inc. Total Current Assets 8,427,872 7,377,664 Room 204, 2nd Floor, ICTSI Administration Building South Access Road, Manila International Container Terminal Noncurrent Assets Port of Manila Property and equipment (Note 7) 3,944,941 5,846,036 Security deposit (Note 12) – 165,527 Report on the Financial Statements Total Noncurrent Assets 3,944,941 6,011,563 We have audited the accompanying financial statements of ICTSI Foundation, Inc., which comprise the statements of financial position as at December 31, 2015 and 2014, and the statements of activities and statements of cash flows for the years then ended, and a summary of TOTAL ASSETS P12,372,813 P13,389,227 significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements LIABILITIES AND FUND BALANCE Management is responsible for the preparation and fair presentation of these financial statements in accordance with Philippine Financial Reporting Standard for Small and Medium-sized Entities, and for such internal control as management determines is necessary to enable Current Liabilities the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Accounts payable and other current liabilities (Note 8) P2,295,682 P2,414,915 Auditors' Responsibility Fund Balance 10,077,131 10,974,312 Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with Philippine Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to TOTAL LIABILITIES AND FUND BALANCE P12,372,813 P13,389,227 obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The See accompanying Notes to Financial Statements. procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Statements of Activities Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of ICTSI Foundation, Inc. as at December 31, 2015 and 2014, and its financial performance and its cash flow for the years then ended in accordance with Philippine Financial Reporting Standard for Small and Medium-sized Entities. Years Ended December 31 2015 2014 Report on the Supplementary Information Required Under Revenue Regulations 15-2010 Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary INCOME information on Revenue Regulations 15-2010 in Note 13 to the financial statements is presented for purposes of filing with the Bureau of Grants, donations and pledges (Note 9) P51,884,060 P26,043,329 Internal Revenue and is not a required part of the basic financial statements. Such information is the responsibility of the management of Interest income (Note 5) 32,551 18,606 ICTSI Foundation, Inc. The information has been subjected to the auditing procedures applied in our audit of the basic financial statements. Unrealized foreign exchange gain - net 22,040 7,902 In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements taken as a whole. 51,938,651 26,069,837

SYCIP GORRES VELAYO & CO. EXPENSES Project expenses (Note 10) 49,209,297 20,304,322 Administrative expenses (Note 11) 3,626,535 3,262,632 52,835,832 23,566,954 Arnel F. De Jesus Partner CHANGES IN FUND BALANCE (897,181) 2,502,883 CPA Certificate No. 43285 SEC Accreditation No. 0075-AR-3 (Group A), FUND BALANCE, BEGINNING 10,974,312 8,471,429 February 14, 2013, valid until April 30, 2016 Tax Identification No. 152-884-385 FUND BALANCE, END P10,077,131 P10,974,312 BIR Accreditation No. 08-001998-15-2015,

June 26, 2015, valid until June 25, 2018 See accompanying Notes to Financial Statements.

A member firm of Ernst & Young Global Limited

48 49 Statements of Cash Flows Notes to Financial Statements

Years Ended December 31 1. Foundation Information 2015 2014 The ICTSI Foundation, Inc. (the “Foundation”) was incorporated and registered with the Philippine Securities and Exchange Commission (SEC) on May 12, 2009 but its operations officially started on January 1, 2010. The Foundation is organized and operated generally in and for the public CASH FLOWS FROM OPERATING ACTIVITIES interest; and specifically for charitable, civic, social, artistic and cultural endeavors; education youth and sports development; community welfare and Changes in fund balance (P897,181) P2,502,883 development efforts and other related purposes beneficial to the national welfare. The objective of the Foundation is to support the search for Adjustments for: training, development and competitiveness of athletes who can represent the Philippines in the national, regional and international competitions; to Depreciation (Notes 7, 10 and 11) 3,271,382 1,168,746 promote the development of sports; to foster the advancement of education; and to conduct seminars, workshops or livelihood projects in urban and Interest income (Note 5) (32,551) (18,606) rural communities. Unrealized foreign exchange gain - net (22,040) (7,902) As a non-stock, non-profit corporation, the Foundation’s income is exempt from the payment of income tax as set forth in Section 30(E) of Republic Change in fund balance before changes in working capital 2,319,610 3,645,121 Act. no. 8424 known as “An Act Amending the National Internal Revenue Code, as Amended and for other Purposes”. However, the income of Increase in other current assets (415,086) (29,230) whatever kind and character from any of its properties, real or personal, or any of their activities conducted for profit regardless of the disposition made of such income shall be subject to tax imposed under the Code. Increase (decrease) in accounts payable and other current liabilities (119,233) 1,269,137 Cash generated from operations 1,785,291 4,885,028 The registered office address of the Foundation is Room 204, 2nd Floor, ICTSI Administration Building, South Access Road, Manila International Interest received 32,551 18,606 Container Terminal, Port of Manila. Net cash flows provided by operating activities 1,817,842 4,903,634 The financial statements of the Foundation were approved and authorized for issuance by the Board of Trustees (BOT) on March 7, 2016. 2. Basis of Preparation and Statement of Compliance CASH FLOWS USED IN INVESTING ACTIVITIES Acquisition of property and equipment (Note 7) (1,370,287) (4,850,238) Basis of Preparation Increase in security deposit – (165,527) The financial statements have been prepared on a historical basis and are presented in Philippine Peso (Peso or P), which is the Foundation’s functional and presentation currency. All amounts are rounded off to the nearest Peso unit, except when otherwise indicated. Net cash flows used in investing activities (1,370,287) (5,015,765) Statement of Compliance EFFECT OF EXCHANGE RATE CHANGES ON CASH 22,040 7,902 The financial statements have been prepared in compliance with Philippine Financial Reporting Standard for Small and Medium-sized Entities (PFRS for SMEs).

NET INCREASE (DECREASE) IN CASH 469,595 (104,229) 3. Summary of Significant Accounting and Financial Reporting Policies Cash CASH AT BEGINNING OF YEAR 7,343,534 7,447,763 Cash includes cash on hand and in bank. Property and Equipment CASH AT END OF YEAR (Note 5) P7,813,129 P7,343,534 Property and equipment are stated at cost, excluding the costs of day-to-day servicing, less accumulated depreciation and any accumulated impairment loss. The initial cost of property and equipment comprises its purchase price and other directly attributable costs of bringing the asset to See accompanying Notes to Financial Statements. its working condition and location for its intended use. Such cost includes the cost of replacing part of such property and equipment when that cost is incurred if the recognition criteria are met. Depreciation starts on the succeeding month after the property and equipment are available for use and computed using the straight-line method over the estimated useful lives of the assets as follows: Office equipment 3-5 years Transportation equipment 5 years Office improvements 3-5 years Leasehold improvements 5 years or term of the lease, whichever is shorter If there is an indication that there has been a significant change in useful life or residual value of an asset, the depreciation of that asset is revised prospectively to reflect the new expectations. An item of property and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gains or losses arising from derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in statement of activities in the year the asset is derecognized. Fully depreciated assets are retained in the accounts until they are no longer in use and no further depreciation is charged to current operations. Impairment of Property and Equipment At each reporting date, property and equipment are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognized immediately in statement of activities. Accounts payable and other current liabilities Accounts payable and other current liabilities is part of the working capital used in the normal operating cycle of the Foundation. Other current liabilities are not settled as part of the Foundation’s normal operating cycle but are due for settlement within 12 months after the reporting date. Accounts payable and other current liabilities are recognized in the period when incurred. Other current liabilities includes accrued expenses, Social Security System (SSS)/Employees’ Compensation Commission (ECC), Philippine Health Insurance Corporation (Philhealth), Home Development Mutual Fund (HDMF) premiums payable and others. Leases The determination of whether an arrangement is, or contains a lease is based on the substance of the arrangement at inception date and requires assessment of whether the fulfillment of the arrangement is dependent on the use of a specific asset or assets or the arrangement conveys a right to use the asset, even if that right is not explicitly specified in an arrangement. The Foundation, as the lessee, does not acquire substantially all the risks and benefits of ownership of the leased asset and thus is classified as operating lease. Operating lease payments are recognized as expense in the statement of activities on a straight-line basis over the lease term.

50 51 Fund Balance 5. Cash Fund Balance is measured at par value for all shares issued. When the shares are sold at premium, the difference between the proceeds and the This account consists of: par value is credited to additional paid-in capital. When shares are issued for a consideration other than cash, the proceeds are measured by the fair 2015 2014 value of the consideration received. In case the shares are issued to extinguish or settle the liability of the Company, the shares shall be measured Cash in bank P7,803,129 P7,278,889 either at the fair value of the shares issued or fair value of the liability settled, whichever is more reliably determinable. Cash on hand 10,000 64,645 Revenue P7,813,129 P7,343,534 Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Foundation and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized. Cash in bank earns interest at the respective bank deposit rates. Interest income earned amounted to P32,551 in 2015 and P18,606 in 2014. Grants, donations and pledges. Revenue from grants, donations and pledges are recognized upon pledge or receipt of the amount from the donor. 6. Other Current Assets Interest income. Interest income is recognized as it accrues, taking into account the effective yield on the asset. This account consists of: Expenses 2015 2014 Project and Administrative Expenses. Project and administrative expenses are recognized as incurred. Advances to project coordinators P429,336 P– Security deposit (Note 12) 165,527 – Foreign Currency Transactions Advances to employees 19,880 34,130 Transactions in foreign currencies are initially recorded in the functional currency rate ruling at the date of the transaction. Monetary assets and P614,743 P34,130 liabilities denominated in foreign currencies are retranslated at the functional currency rate of exchange ruling at the reporting date. All differences are taken to the statement of activities. Nonmonetary items that are measured in terms of historical cost in a foreign currency are translated using 7. Property and Equipment the exchange rates as at the dates of the initial transactions. Nonmonetary items measured at fair value in a foreign currency are translated using the This account consists of: exchange rates at the date when the fair value was determined. 2015 Provisions Office Transportation Office Leasehold Provisions, if any, are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an Equipment Equipment Improvement Improvements Total outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the Cost obligation. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects current market Balance at beginning of year P1,349,343 P2,092,285 P2,572,452 P4,652,742 P10,666,822 assessment of the time value of money and, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the Additions 1,297,282 – – 73,005 1,370,287 provision due to the passage of time is recognized as interest expense. Balance at end of year 2,646,625 2,092,285 2,572,452 4,725,747 12,037,109 Contingencies Accumulated Depreciation: Contingent assets and liabilities are not recognized in the financial statements. Contingent assets are disclosed in the notes to financial statements Balance at beginning of year 1,064,209 1,549,393 2,207,184 – 4,820,786 when an inflow of economic benefits is probable and recognized in the balance sheet and the related income in the statement of income when an Depreciation (Notes 10 and 11) 450,308 224,926 248,483 2,347,665 3,271,382 inflow of economic benefits is virtually certain. On the other hand, contingent liabilities are disclosed in the notes to financial statements unless the Balance at end of year 1,514,517 1,774,319 2,455,667 2,347,665 8,092,168 possibility of an outflow of resources embodying economic benefits is remote. Net Book Value P1,132,108 P317,966 P116,785 P2,378,082 P3,944,941 Events after the Reporting Date 2014 Post year-end events that provide additional information about the Foundation’s financial position at the reporting date (adjusting events) are reflected Office Transportation Office Leasehold in the financial statements. Post year-end events that are not adjusting events are disclosed in the notes to financial statements when material. Equipment Equipment Improvement Improvements Total Cost 4. Significant Accounting Judgment, Estimates and Assumptions Balance at beginning of year P1,151,847 P2,092,285 P2,572,452 P– P5,816,584 Judgment Additions 197,496 – – 4,652,742 4,850,238 In the process of applying the Foundation’s accounting policies, management has made the following judgments, apart from those involving estimations, Balance at end of year 1,349,343 2,092,285 2,572,452 4,652,742 10,666,822 which has an effect on the amounts recognized in the financial statements: Accumulated Depreciation: ! Balance at beginning of year 828,412 1,130,936 1,692,692 – 3,652,040 Functional Currency Depreciation (Notes 10 and 11) 235,797 418,457 514,492 – 1,168,746 The Foundation determined its functional currency to be the Philippine Peso. The determination of functional currency was based on the primary Balance at end of year 1,064,209 1,549,393 2,207,184 – 4,820,786 economic environment in which the Foundation operates. Net Book Value P285,134 P542,892 P365,268 P4,652,742 P5,846,036 ! Operating Lease Commitments - Foundation as a Lessee Fully depreciated property and equipment with cost amounting to P4.209,711 and P1,563,845 as at December 31, 2015 and 2014, respectively, are The evaluation of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at inception date. An arrangement still being used in the Foundation's operations. is, or contains, a lease when the fulfillment of the arrangement depends on the use of a specific asset and the arrangement conveys a right to use the asset. The Foundation, as a lessee, has determined that the lessor retains all significant risks and rewards of ownership of these properties 8. Accounts payable and other current liabilities which are on operating lease agreements. This account consists of: Estimates and Assumptions 2015 2014 The key assumptions concerning the future and other key sources of estimation and uncertainty at the reporting date that may have a significant risk Accounts payable P1,698,883 P1,473,471 of causing material adjustments to the carrying amounts of assets and liabilities within the next fiscal year are discussed below: Accrued expenses 516,039 427,105 Withholding tax - compensation 44,583 46,522 ! Impairment of Nonfinancial Assets SSS/ECC, Philhealth, HDMF premiums payable 28,758 20,229 PFRS for SMEs requires nonfinancial assets to be tested for impairment when certain impairment indicators are present. Nonfinancial assets SSS and HDMF loans payable 4,113 3,337 include property and equipment. When impairment indicator exists, management is required to make estimates and assumptions to determine Withholding tax - expanded 3,306 13,871 the future cash flows to be generated from the continued use and ultimate disposition of these assets in order to determine the value of these Retention payable – 430,380 assets. There is no indication of impairment in 2015 and 2014 and thus, no asset impairment was recognized. The carrying amounts of property P2,295,682 P2,414,915 and equipment are disclosed in Note 7 to the financial statements. Accounts payable are noninterest-bearing and are normally settled on a thirty (30) to ninety (90) day term. Retention payable pertains to retention fee !Estimated Useful Lives of Property and Equipment for the leasehold improvements on ICTSI Foundation Multi-Purpose Hall that was paid in 2015. Management determines the estimated useful lives and the related depreciation charges for its property and equipment based on the period over which the property and equipment are expected to provide economic benefits. Management’s estimation of the useful lives of property and 9. Grants, Donations and Pledges equipment is based on collective assessment of industry practice, internal technical evaluation and experience with similar assets. These International Container Terminal Services, Inc. (ICTSI) and other parties make donations to the Foundation in support of its projects and activities. estimations are reviewed periodically and could change significantly due to physical wear and tear, technical or commercial obsolescence and This account consists of: legal or other limits on the use of property and equipment. Management will increase the depreciation charges where useful lives are less than 2015 2014 what have previously been estimated. A reduction in the estimated useful lives of property and equipment would increase recorded expenses and Donations from ICTSI P51,620,060 P23,884,360 decrease noncurrent assets. Donations from other parties 264,000 2,158,969 The carrying values of property and equipment amounted to P3,944,941 and P5,846,036 as of December 31, 2015 and 2014, respectively (see Note 7). P51,884,060 P26,043,329 52 53 Board of Trustees & Management

10. Project Expenses This account consists of: 2015 2014 Sports development assistance P15,003,985 P4,325,317 Education 12,000,921 3,150,156 Community welfare assistance 9,562,141 3,405,389 Salaries and employee benefits 4,130,288 2,759,872 Special projects 3,037,571 4,905,939 Board of Trustees Management Depreciation (Note 7) 2,573,277 – Rent expense (Note 12) 1,005,577 248,291 Transportation and travel 588,405 1,160,637 Enrique K. Razon Jr. Narlene A. Soriano Utilities 353,452 – Chairman Executive Director Institutional development program 340,936 155,789 Sponsorship 220,358 – Professional fees 116,725 – Christian R. Gonzalez Filipina C. Laurena Others 275,661 192,932 P49,209,297 P20,304,322 President Deputy Executive Director Effective 15 April 2016 11. Administrative Expenses This account consists of: 2015 2014 Jose C. Ibazeta Salaries and employee benefits P1,152,152 P955,365 Vice President Depreciation (Note 7) 698,105 1,168,746 Professional fees 541,225 358,512 Office supplies 317,198 106,139 Jose Manuel M. De Jesus Christmas giveaways 296,120 175,188 Communication 215,095 115,506 Treasurer SSS, HDMF, and Philhealth contributions 184,862 146,104 Transportation 48,902 39,029 Meals 32,857 22,612 Atty. Silverio Benny J. Tan Taxes and licenses 27,375 26,573 Insurance and bonds 24,344 25,338 Auditor Power and light – 33,235 Effective 15 April 2016 Others 88,300 90,285 P3,626,535 P3,262,632 Cesar A. Buenaventura 12. Lease Commitment Independent Trustee In September 2014, the Foundation entered into a lease agreement with Lucky Star Holdings, Inc. for the ICTSI Foundation Multi-Purpose Hall located in Intramuros, Manila where it will serve as training and assembly venue for the Foundation’s project partners and beneficiaries. The lease shall be effective for two years commencing on October 1, 2014. Atty. Rafael T. Durian The Foundation paid two months of monthly rental as security deposit amounting to P165,527 and is recognized as “Other current assets” and as “Security deposit” accounts in the statements of financial position in 2015 and 2014, respectively. Board Secretary The Foundation shall pay a monthly rental of P82,764 and a five percent escalation clause starting on first month of the second year of the lease term. Rent expense recognized amounted to P1,005,577 and P248,291 in 2015 and 2014, respectively (see Note 10).

13. Supplementary Information Required Under Revenue Regulations 15-2010 The Foundation reported and/or paid the following types of taxes for the year ended December 31, 2015: Taxes and Licenses Details of taxes and licenses consist of the following: Local business taxes P26,508 Community tax certificate 867 P27,375 Withholding Taxes Details of withholding taxes for the year are as follows: Paid Accrued Total Withholding on compensation and benefits P816,280 44,583 P860,863 Expanded withholding 83,016 3,306 86,322 P899,296 47,889 P947,185 The Foundation did not incur and did not have any amount owing for the payment of documentary stamp taxes and custom duties in 2015. The Foundation did not incur and did not have any amount owing for the payment of excise taxes on locally produced excisable items and imported excisable items. The Foundation is currently not involved in any tax cases, preliminary investigations, litigation and/or prosecution in courts outside of BIR.

54 55 56