|
18. |
Inventories and Supplies |
As at December 31, 2017 and 2016, this account consists of:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Terminal and cellular phone units: |
|
|
|
|
|
|
|
|
|
At net realizable value |
|
|
2,691 |
|
|
|
2,828 |
|
|
At cost |
|
|
3,834 |
|
|
|
4,584 |
|
|
Spare parts and supplies: |
|
|
|
|
|
|
|
|
|
At net realizable value |
|
|
664 |
|
|
|
576 |
|
|
At cost |
|
|
1,428 |
|
|
|
948 |
|
|
Others: |
|
|
|
|
|
|
|
|
|
At net realizable value |
|
|
578 |
|
|
|
340 |
|
|
At cost |
|
|
1,163 |
|
|
|
829 |
|
|
Total inventories and supplies at the lower of cost or net realizable value |
|
|
3,933 |
|
|
|
3,744 |
|
The cost of inventories and supplies recognized as expense for the years ended December 31, 2017, 2016 and 2015 are as follows:
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
(in million pesos) |
|
|||||||||
|
Cost of sales and services |
|
|
10,951 |
|
|
|
15,965 |
|
|
|
15,525 |
|
|
Write-down of inventories and supplies (Note 5) |
|
|
907 |
|
|
|
1,941 |
|
|
|
511 |
|
|
Repairs and maintenance |
|
|
721 |
|
|
|
596 |
|
|
|
643 |
|
|
|
|
|
12,579 |
|
|
|
18,502 |
|
|
|
16,679 |
|
Changes in the allowance for inventory obsolescence for the years ended December 31, 2017 and 2016 are as follows:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
Balance at beginning of the year |
|
|
2,617 |
|
|
|
917 |
|
|
Provisions (Note 5) |
|
|
907 |
|
|
|
1,941 |
|
|
Write-off and others |
|
|
(1,032 |
) |
|
|
(241 |
) |
|
Balance at end of the year |
|
|
2,492 |
|
|
|
2,617 |
|