The following table sets forth our consolidated financial assets and financial liabilities as at December 31, 2017 and 2016:
|
|
Cash and cash equivalents |
|
|
Loans and receivables |
|
|
HTM investments |
|
|
Financial instruments at FVPL |
|
|
Derivatives used for hedging |
|
|
Available- for-sale financial investments |
|
|
Financial liabilities carried at amortized cost |
|
|
Total financial assets and liabilities |
|
||||||||
|
|
(in million pesos) |
|
|||||||||||||||||||||||||||||
Assets as at December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available-for-sale financial investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
15,165 |
|
|
|
— |
|
|
|
15,165 |
|
Investment in debt securities and other long- term investments – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
150 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
150 |
|
Derivative financial assets – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
215 |
|
|
|
— |
|
|
|
— |
|
|
|
215 |
|
Advances and other noncurrent assets – net of current portion |
|
|
— |
|
|
|
13,855 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13,855 |
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
32,905 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
32,905 |
|
Short-term investments |
|
|
— |
|
|
|
1,074 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,074 |
|
Trade and other receivables |
|
|
— |
|
|
|
33,761 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
33,761 |
|
Current portion of derivative financial assets |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
171 |
|
|
|
— |
|
|
|
— |
|
|
|
171 |
|
Current portion of investment in debt securities and other long-term investments |
|
|
— |
|
|
|
100 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
100 |
|
Current portion of advances and other noncurrent assets |
|
|
— |
|
|
|
6,824 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,824 |
|
Total assets |
|
|
32,905 |
|
|
|
55,614 |
|
|
|
150 |
|
|
|
— |
|
|
|
386 |
|
|
|
15,165 |
|
|
|
— |
|
|
|
104,220 |
|
Liabilities as at December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing financial liabilities – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
157,654 |
|
|
|
157,654 |
|
Derivative financial liabilities – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8 |
|
|
|
— |
|
|
|
— |
|
|
|
8 |
|
Customers’ deposits |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,443 |
|
|
|
2,443 |
|
Deferred credits and other noncurrent liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,680 |
|
|
|
5,680 |
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
58,490 |
|
|
|
58,490 |
|
Accrued expenses and other current liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
70,648 |
|
|
|
70,648 |
|
Current portion of interest-bearing financial liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,957 |
|
|
|
14,957 |
|
Dividends payable |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,575 |
|
|
|
1,575 |
|
Current portion of derivative financial liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
90 |
|
|
|
51 |
|
|
|
— |
|
|
|
— |
|
|
|
141 |
|
Total liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
90 |
|
|
|
59 |
|
|
|
— |
|
|
|
311,447 |
|
|
|
311,596 |
|
Net assets (liabilities) |
|
|
32,905 |
|
|
|
55,614 |
|
|
|
150 |
|
|
|
(90 |
) |
|
|
327 |
|
|
|
15,165 |
|
|
|
(311,447 |
) |
|
|
(207,376 |
) |
Assets as at December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available-for-sale financial investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,189 |
|
|
|
— |
|
|
|
12,189 |
|
Investment in debt securities and other long- term investments – net of current portion |
|
|
— |
|
|
|
224 |
|
|
|
150 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
374 |
|
Derivative financial assets – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
499 |
|
|
|
— |
|
|
|
— |
|
|
|
499 |
|
Advances and other noncurrent assets – net of current portion |
|
|
— |
|
|
|
9,152 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9,152 |
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
38,722 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
38,722 |
|
Short-term investments |
|
|
— |
|
|
|
2,736 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,738 |
|
Trade and other receivables |
|
|
— |
|
|
|
24,436 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
24,436 |
|
Current portion of derivative financial assets |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
66 |
|
|
|
176 |
|
|
|
— |
|
|
|
— |
|
|
|
242 |
|
Current portion of investment in debt securities and other long-term investments |
|
|
— |
|
|
|
124 |
|
|
|
202 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
326 |
|
Current portion of advances and other noncurrent assets |
|
|
— |
|
|
|
7,916 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7,916 |
|
Total assets |
|
|
38,722 |
|
|
|
44,588 |
|
|
|
352 |
|
|
|
68 |
|
|
|
675 |
|
|
|
12,189 |
|
|
|
— |
|
|
|
96,594 |
|
Liabilities as at December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing financial liabilities – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
151,759 |
|
|
|
151,759 |
|
Derivative financial liabilities – net of current portion |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
Customers’ deposits |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,431 |
|
|
|
2,431 |
|
Deferred credits and other noncurrent liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
13,720 |
|
|
|
13,720 |
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
50,975 |
|
|
|
50,975 |
|
Accrued expenses and other current liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
74,868 |
|
|
|
74,868 |
|
Current portion of interest-bearing financial liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
33,273 |
|
|
|
33,273 |
|
Dividends payable |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,544 |
|
|
|
1,544 |
|
Current portion of derivative financial liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
209 |
|
|
|
— |
|
|
|
— |
|
|
|
225 |
|
Total liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
211 |
|
|
|
— |
|
|
|
328,570 |
|
|
|
328,797 |
|
Net assets (liabilities) |
|
|
38,722 |
|
|
|
44,588 |
|
|
|
352 |
|
|
|
52 |
|
|
|
464 |
|
|
|
12,189 |
|
|
|
(328,570 |
) |
|
|
(232,203 |
) |