Financing costs – net for the years ended December 31, 2017, 2016 and 2015 consist of the following:
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
(in million pesos) |
|
|||||||||
|
Interest on loans and other related items (Notes 21 and 28) |
|
|
7,830 |
|
|
|
7,522 |
|
|
|
6,289 |
|
|
Accretion on financial liabilities (Notes 21 and 28) |
|
|
219 |
|
|
|
230 |
|
|
|
231 |
|
|
Financing charges |
|
|
137 |
|
|
|
168 |
|
|
|
109 |
|
|
Capitalized interest (Note 9) |
|
|
(816 |
) |
|
|
(566 |
) |
|
|
(370 |
) |
|
Total financing costs – net |
|
|
7,370 |
|
|
|
7,354 |
|
|
|
6,259 |
|