Below are the list of our consolidated financial assets and liabilities carried at fair value that are classified using a fair value hierarchy as required for our complete sets of consolidated financial statements as at December 31, 2017 and 2016. This classification provides a reasonable basis to illustrate the nature and extent of risks associated with those financial statements.
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2017 |
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2016 |
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Level 1(1) |
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Level 2(2) |
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Total |
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Level 1(1) |
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Level 2(2) |
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Total |
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(in million pesos) |
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Noncurrent Financial Assets |
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Available-for-sale financial investments: Listed equity securities |
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12,977 |
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— |
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12,977 |
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10,173 |
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— |
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10,173 |
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Derivative financial assets – net of current portion |
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— |
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215 |
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215 |
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— |
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499 |
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|
499 |
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Current Financial Assets |
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Short-term investments |
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— |
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— |
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— |
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— |
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2 |
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2 |
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Current portion of derivative financial assets |
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— |
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171 |
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171 |
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— |
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242 |
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|
242 |
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Total |
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12,977 |
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|
386 |
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13,363 |
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10,173 |
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743 |
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10,916 |
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Noncurrent Financial Liabilities |
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Derivative financial liabilities |
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— |
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8 |
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8 |
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— |
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2 |
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2 |
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Current Financial Liabilities |
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Derivative financial liabilities |
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— |
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141 |
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141 |
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— |
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|
225 |
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|
225 |
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Total |
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— |
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149 |
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|
149 |
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— |
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|
227 |
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|
227 |
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(1) |
Fair values determined using observable market inputs that reflect quoted prices in active markets for identical assets or liabilities. |
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(2) |
Fair values determined using inputs other than quoted market prices that are either directly or indirectly observable for the assets or liabilities. |