Inventories and Supplies

12 Months Ended

Dec. 31, 2022

Classes of current inventories [abstract]

Inventories and Supplies

18.Inventories and Supplies

As at December 31, 2022 and 2021, this account consists of:

	2022			2021
			(in million pesos)
Commercial:
At net realizable value(1)		2,110			2,109
At cost		2,455			2,835
Network:
At net realizable value(1)		577			515
At cost		1,727			1,702
Others:
At net realizable value(1)		881			1,038
At cost		1,604			1,813
Total inventories and supplies at the lower of cost or net realizable value		3,568			3,662

(1) Amounts are net of allowance for inventory obsolescence and write-downs.

The cost of inventories and supplies recognized as expense for the years ended December 31, 2022, 2021 and 2020 are as follows:

	2022			2021		2020
			(in million pesos)
Cost of sales		11,287			7,375		8,882
Repairs and maintenance		986			850		613
Provisions (Note 5)		414			847		934
Selling and promotions		4			9		3
		12,691			9,081		10,432

Changes in the allowance for inventory obsolescence and write-down for the years ended December 31, 2022 and 2021 are as follows:

	2022				2021
				(in million pesos)
Balances at beginning of the year		2,688				2,363
Provisions (Note 5)		414				847
Reclassification		282				(73	)
Translation revaluation		2				2
Reversals		(136	)			(11	)
Cost of sales		(1,032	)			(440	)
Balances at end of the year		2,218				2,688