Inventories and Supplies

12 Months Ended

Dec. 31, 2023

Classes of current inventories [abstract]

Inventories and Supplies

17.Inventories and Supplies

As at December 31, 2023 and 2022, this account consists of:

	2023		2022
	(in million pesos)
Commercial:
At net realizable value(1)		1,747		2,110
At cost		2,053		2,455
Network:
At net realizable value(1)		951		577
At cost		1,971		1,727
Others:
At net realizable value(1)		642		881
At cost		928		1,604
Total inventories and supplies at the lower of cost or net realizable value		3,340		3,568

(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, 2023, 2022 and 2021 are as follows:

	2023		2022		2021
	(in million pesos)
Cost of sales		11,912		11,287		7,375
Repairs and maintenance		734		986		850
Provision for inventory obsolescence - continuing operations		89		408		847
Selling and promotions		—		4		9
		12,735		12,685		9,081

Changes in the allowance for inventory obsolescence and write-down for the years ended December 31, 2023 and 2022 are as follows:

	2023			2022
	(in million pesos)
Balances at beginning of the year		2,218			2,688
Provisions (Note 5)		89			414
Disposals and other adjustments		(59	)		(63	)
Reversals		(252	)		(70	)
Cost of sales		(384	)		(751	)
Balances at end of the year		1,612			2,218