WUERTH PHILIPPINES, INC.

(A Wholly Owned Subsidiary of Würth Holding GmbH of Germany)

SUPPLEMENTARY SCHEDULE OF ALL THE EFFECTIVE STANDARDS AND
INTERPRETATIONS

PHILIPPINE FINANCIAL REPORTING STANDARDS AND

Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
Framework for the Preparation and Presentation of Financial
Statements
Conceptual Framework Phase A: Objectives and qualitative  
characteristics 
PFRS Practice Statement Management Commentary   
Philippine Financial Reporting Standards   
PFRS 1 First-time Adoption of Philippine Financial Reporting
(Revised) Standards   

Amendments to PFRS 1 and PAS 27: Cost of an

Investment in a Subsidiary, Jointly Controlled Entity or   
Associate
Amendments to PFRS 1: Additional Exemptions for
First-time Adopters   

Amendment to PFRS 1: Limited Exemption from

Comparative PFRS 7 Disclosures for First-time   
Adopters
Amendments to PFRS 1: Severe Hyperinflation and
Removal of Fixed Date for First-time Adopters   

Amendments to PFRS 1: Government Loans   

Amendment to PFRS 1: Meaning of Effective PFRSs   
PFRS 2 Share-based Payment   
Amendments to PFRS 2: Vesting Conditions and
Cancellations   

Amendments to PFRS 2: Group Cash-settled

Share-based Payment Transactions   

Amendment to PFRS 2: Definition of Vesting Condition   

Amendments to PFRS 2: Classification and
Measurement of Share-based Payment Transactions*   

PFRS 3 Business Combinations   

(Revised)
Amendment to PFRS 3: Accounting for Contingent
Consideration in a Business Combination   

Amendment to PFRS 3: Scope Exceptions for Joint

Arrangements   

PFRS 4 Insurance Contracts   

Amendments to PAS 39 and PFRS 4: Financial
Guarantee Contracts   

Amendments to PFRS 4: Applying PFRS 9 with

PFRS 4   

*These standards, interpretations and amendments to existing standards will become effective subsequent to
December 31, 2017. The Company did not early adopt these standards, interpretations and amendments.

*SGVFS027587*
PHILIPPINE FINANCIAL REPORTING STANDARDS AND
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
PFRS 5 Non-current Assets Held for Sale and Discontinued
Operations   

Amendment to PFRS 5: Changes in Methods of

Disposal   

PFRS 6 Exploration for and Evaluation of Mineral Resources   

PFRS 7 Financial Instruments: Disclosures   
Amendments to PFRS 7: Transition   
Amendments to PAS 39 and PFRS 7: Reclassification
of Financial Assets   

Amendments to PAS 39 and PFRS 7: Reclassification

of Financial Assets - Effective Date and Transition   

Amendments to PFRS 7: Improving Disclosures about

Financial Instruments   

Amendments to PFRS 7: Disclosures - Transfers of

Financial Assets   

Amendments to PFRS 7: Disclosures - Offsetting

Financial Assets and Financial Liabilities   

Amendments to PFRS 7: Mandatory Effective Date of

PFRS 9 and Transition Disclosures   

Amendment to PFRS 7: Servicing Contracts   

Amendment to PFRS 7: Applicability of the
Amendments to PFRS 7 to Condensed Interim   
Financial Statements
PFRS 8 Operating Segments   
Amendments to PFRS 8: Aggregation of Operating
Segments and Reconciliation of the Total of the   
Reportable Segments’ Assets to the Entity’s Assets
PFRS 9 Financial Instruments*   
Amendments to PFRS 9: Mandatory Effective Date of
PFRS 9 and Transition Disclosures*   

PFRS 10 Consolidated Financial Statements   

Amendments to PFRS 10: Investment Entities   
Amendments to PFRS 10, PFRS 12 and PAS 28,
Investment Entities: Applying the Consolidation   
Exception
Amendments to PFRS 10: Sale or Contribution of
Assets between an Investor and its Associate or Joint   
Venture*
PFRS 11 Joint Arrangements   
Amendments to PFRS 11: Accounting for
Acquisitions of Interests in Joint Operations   

*These standards, interpretations and amendments to existing standards will become effective subsequent to
December 31, 2017. The Company did not early adopt these standards, interpretations and amendments.
PHILIPPINE FINANCIAL REPORTING STANDARDS AND
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
PFRS 12 Disclosure of Interests in Other Entities   
Amendments to PFRS 12: Investment Entities:
  
Applying the Consolidation Exception
Amendment to PFRS 12, Clarification of the Scope of
  
the Standard*
PFRS 13 Fair Value Measurement   
Amendment to PFRS 13: Short-term Receivables and
  
Payables
Amendment to PFRS 13: Portfolio Exception   
PFRS 14 Regulatory Deferral Accounts   
PFRS 15 Revenue from Contracts with Customers*   
PFRS 16 Leases*   
Philippine Accounting Standards   
PAS 1 Presentation of Financial Statements   
(Revised)
Amendment to PAS 1: Capital Disclosures   
Amendments to PAS 32 and PAS 1: Puttable Financial   
Instruments and Obligations Arising on Liquidation
Amendments to PAS 1: Presentation of Items of Other
  
Comprehensive Income
Amendments to PAS 1: Disclosure Initiative   
PAS 2 Inventories   
PAS 7 Statement of Cash Flows   
Amendments to PAS 7: Disclosure Initiative   
PAS 8 Accounting Policies, Changes in Accounting Estimates   
and Errors
PAS 10 Events after the Reporting Period   
PAS 11 Construction Contracts   
PAS 12 Income Taxes   
Amendment to PAS 12 - Deferred Tax: Recovery of   
Underlying Assets
Amendments to PAS 12: Recognition of Deferred Tax
  
Assets for Unrealized Losses
PAS 16 Property, Plant and Equipment   
Amendment to PAS 16: Revaluation Method -
Proportionate Restatement of Accumulated   
Depreciation
Amendments to PAS 16: Clarification of Acceptable   
Methods of Depreciation and Amortization
Amendments to PAS 16: Bearer Plants   
*These standards, interpretations and amendments to existing standards will become effective subsequent to
December 31, 2017. The Company did not early adopt these standards, interpretations and amendments.
PHILIPPINE FINANCIAL REPORTING STANDARDS AND
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
PAS 17 Leases   
PAS 18 Revenue   
PAS 19 Employee Benefits   
(Amended)
Amendments to PAS 19: Defined Benefit Plans:
  
Employee Contribution
Amendments to PAS 19: Regional market issue
  
regarding discount rate
PAS 20 Accounting for Government Grants and Disclosure of
  
Government Assistance
PAS 21 The Effects of Changes in Foreign Exchange Rates   
Amendment to PAS 21: Net Investment in a Foreign
  
Operation
PAS 23 Borrowing Costs
  
(Revised)
PAS 24 Related Party Disclosures   
(Revised)
Amendments to PAS 24: Key Management Personnel   
PAS 26 Accounting and Reporting by Retirement Benefit Plans   
PAS 27 Separate Financial Statements   
(Amended)
Amendments to PAS 27: Equity Method in Separate
  
Financial Statements
PAS 28 Investments in Associates and Joint Ventures   
(Amended)
Amendments to PAS 28: Investment Entities   
Amendments to PAS 28: Sale or Contribution of Assets
  
between an Investor and its Associate or Joint Venture*
Amendments to PAS 28, Measuring an Associate or
  
Joint Venture at Fair Value*
PAS 29 Financial Reporting in Hyperinflationary Economies 
PAS 32 Financial Instruments: Disclosure and Presentation   
Amendments to PAS 32 and PAS 1: Puttable Financial
  
Instruments and Obligations Arising on Liquidation
Amendment to PAS 32: Classification of Rights Issues   
Amendments to PAS 32: Offsetting Financial Assets
  
and Financial Liabilities
PAS 33 Earnings per Share   
PAS 34 Interim Financial Reporting   
Amendment to PAS 34: Disclosure of information
  
‘elsewhere in the interim financial report’
*These standards, interpretations and amendments to existing standards will become effective subsequent to
December 31, 2017.
PHILIPPINE The Company
FINANCIAL did not early adopt
REPORTING these standards,
STANDARDS ANDinterpretations and amendments.
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
PAS 36 Impairment of Assets   
PHILIPPINE FINANCIAL REPORTING STANDARDS AND
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
Amendments to PAS 36: Recoverable Amount
  
Disclosures for Non-Financial Assets
PAS 37 Provisions, Contingent Liabilities and Contingent
  
Assets
PAS 38 Intangible Assets   
Amendments to PAS 38: Revaluation Method -
Proportionate Restatement of Accumulated   
Amortization
Amendments to PAS 38: Clarification of Acceptable
  
Methods of Depreciation and Amortization
PAS 39 Financial Instruments: Recognition and Measurement   
Amendments to PAS 39: Transition and Initial
Recognition of Financial Assets and Financial
Liabilities   
Amendments to PAS 39: Cash Flow Hedge Accounting
of Forecast Intragroup Transactions   
Amendments to PAS 39: The Fair Value Option   
Amendments to PAS 39 and PFRS 4: Financial
Guarantee Contracts   
Amendments to PAS 39 and PFRS 7: Reclassification
of Financial Assets   
Amendments to PAS 39 and PFRS 7: Reclassification
  
of Financial Assets - Effective Date and Transition
Amendments to Philippine Interpretation IFRIC-9 and
PAS 39: Embedded Derivatives   
Amendment to PAS 39: Eligible Hedged Items   
Amendments to PAS 39: Novation of Derivatives and
  
Continuation of Hedge Accounting
PAS 40 Investment Property   
Amendments to PAS 40: Clarifying the
Interrelationship between PFRS 3 and PAS 40 when
  
Classifying Property as Investment Property or Owner-
Occupied Property
Amendments to PAS 40: Transfers of Investment
  
Property*
PAS 41 Agriculture   
Amendments to PAS 41: Bearer Plants   
*These standards, interpretations and amendments to existing standards will become effective subsequent to
December 31, 2017. The Company did not early adopt these standards, interpretations and amendments.
PHILIPPINE FINANCIAL REPORTING STANDARDS AND
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
Philippine Interpretations   
IFRIC 1 Changes in Existing Decommissioning, Restoration and
  
Similar Liabilities
IFRIC 2 Members’ Share in Co-operative Entities and Similar
  
Instruments
IFRIC 4 Determining Whether an Arrangement Contains a Lease   
IFRIC 5 Rights to Interests arising from Decommissioning,
  
Restoration and Environmental Rehabilitation Funds
IFRIC 6 Liabilities arising from Participating in a Specific
  
Market - Waste Electrical and Electronic Equipment
IFRIC 7 Applying the Restatement Approach under PAS 29
  
Financial Reporting in Hyperinflationary Economies
IFRIC 9 Reassessment of Embedded Derivatives   
Amendments to Philippine Interpretation IFRIC-9 and
  
PAS 39: Embedded Derivatives
IFRIC 10 Interim Financial Reporting and Impairment   
IFRIC 12 Service Concession Arrangements   
IFRIC 13 Customer Loyalty Programmes   
IFRIC 14 The Limit on a Defined Benefit Asset, Minimum
  
Funding Requirements and their Interaction
Amendments to Philippine Interpretations IFRIC-14,
  
Prepayments of a Minimum Funding Requirement
IFRIC 15 Agreements for the Construction of Real Estate   
IFRIC 16 Hedges of a Net Investment in a Foreign Operation   
IFRIC 17 Distributions of Non-cash Assets to Owners   
IFRIC 18 Transfers of Assets from Customers   
IFRIC 19 Extinguishing Financial Liabilities with Equity
  
Instruments
IFRIC 20 Stripping Costs in the Production Phase of a Surface
  
Mine
IFRIC 21 Levies   
IFRIC 22 Foreign Currency Transactions and Advance
  
Consideration*
SIC-7 Introduction of the Euro   
SIC-10 Government Assistance - No Specific Relation to
  
Operating Activities
SIC-15 Operating Leases - Incentives   
SIC-25 Income Taxes - Changes in the Tax Status of an Entity
  
or its Shareholders
SIC-27 Evaluating the Substance of Transactions Involving the will become effective
*These standards, interpretations and amendments to existing standards   to
subsequent
Legal Form of a Lease
December 31, 2017. The Company did not early adopt these standards, interpretations and amendments.
SIC-29 Service Concession Arrangements: Disclosures   
PHILIPPINE FINANCIAL REPORTING STANDARDS AND
Not Early Not
INTERPRETATIONS Adopted
Adopted Applicable
Effective as of December 31, 2017
Philippine Interpretations   
SIC-31 Revenue - Barter Transactions Involving Advertising
  
Services
SIC-32 Intangible Assets - Web Site Costs   
*These standards, interpretations and amendments to existing standards will become effective subsequent to
December 31, 2017. The Company did not early adopt these standards, interpretations and amendments.