The breakdown of our consolidated deductible temporary differences, carryforward benefits of unused tax credits from excess of MCIT over RCIT, and NOLCO (excluding those not recognized due to the adoption of the OSD method) for which no deferred income tax assets were recognized and the equivalent amount of unrecognized deferred income tax assets as at December 31, 2017 and 2016 are as follows:
|
|
|
2017 |
|
|
2016 |
|
||
|
|
|
(in million pesos) |
|
|||||
|
NOLCO |
|
|
7,151 |
|
|
|
7,844 |
|
|
Provisions for other assets |
|
|
3,801 |
|
|
|
4,926 |
|
|
Accumulated provision for doubtful accounts |
|
|
3,122 |
|
|
|
3,836 |
|
|
Pension and other employee benefits |
|
|
1,758 |
|
|
|
93 |
|
|
Unearned revenues |
|
|
1,320 |
|
|
|
65 |
|
|
Asset retirement obligation |
|
|
621 |
|
|
|
656 |
|
|
Accumulated write-down of inventories to net realizable values |
|
|
304 |
|
|
|
234 |
|
|
Derivative financial instruments and others |
|
|
149 |
|
|
|
4 |
|
|
MCIT |
|
|
111 |
|
|
|
260 |
|
|
Unrealized foreign exchange losses |
|
|
105 |
|
|
|
87 |
|
|
Fixed asset impairment |
|
|
74 |
|
|
|
818 |
|
|
Investment properties |
|
|
(460 |
) |
|
|
— |
|
|
|
|
|
18,056 |
|
|
|
18,823 |
|
|
Unrecognized deferred income tax assets |
|
|
5,495 |
|
|
|
5,829 |
|