Unaudited net income reached P36 million in the same period. Asset base stood at P4.536 billion while paid-up capital remained at P550 million, well over the minimum required P100 million.
The trust fund is part of the investment portfolio placed in fixed income funds which allows Ayala Plans to tap for maturing plans.
The bulk of the funds are placed in government securities.
"There are no investments in real estate properties. The company is liquid," it said in a press statement.
Ayala Plans further claims that it has fully amortized commissions one-year ahead of all other pre-need companies. The Securities and Exchange Commission (SEC) requires all pre-need companies to fully amortize deferred commissions by end 2005.