Income and Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Analysis Of Income And Expense [Abstract]

Summary of Asset Impairment

Asset impairment for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017		2016		2015
	(in million pesos)
Property and equipment (Note 9)		3,913		—		5,788
Trade and other receivables (Notes 17 and 28)		3,438		8,027		3,391
Inventories and supplies (Note 18)		907		1,941		511
Goodwill and intangible assets (Note 15)		—		1,038		—
Others		—		36		—
Total asset impairment		8,258		11,042		9,690

Summary of Interest Income

Interest income for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017		2016		2015
	(in million pesos)
Interest income on loans and receivables (Notes 12 and 16)		1,404		980		742
Interest income on HTM investments (Note 12)		8		36		43
Interest income on financial instruments at FVPL		—		30		14
Total interest income		1,412		1,046		799

Summary of Non-service Revenues

Non-service revenues for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017		2016		2015
	(in million pesos)
Sale of computers, cellular handsets, cellular    SIM-packs and broadband data modems		7,889		7,239		7,487
Point-product-sales		872		813		686
Total non-service revenues		8,761		8,052		8,173

Summary of Selling, General and Administrative Expenses

Selling, general and administrative expenses for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017		2016		2015
	(in million pesos)
Compensation and employee benefits		22,782		19,928		21,606
Repairs and maintenance (Notes 13, 18 and 25)		12,744		14,706		14,632
Professional and other contracted services (Note 25)		12,168		9,386		8,175
Rent (Note 25)		7,016		6,632		6,078
Selling and promotions (Note 25)		5,908		7,687		9,747
Taxes and licenses (Note 27)		3,970		3,782		4,592
Insurance and security services (Note 25)		1,519		1,736		1,794
Communication, training and travel (Note 25)		1,166		1,249		1,348
Amortization of intangible assets (Note 15)		835		929		1,076
Other expenses		882		1,161		1,241
Total selling, general and administrative expenses		68,990		67,196		70,289

Summary of Compensation and Employee Benefits

Compensation and employee benefits for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017		2016		2015
	(in million pesos)
Salaries and other employee benefits		18,598		17,734		17,947
Manpower rightsizing program, or MRP		1,747		419		1,764
Pension benefit costs (Note 26)		1,610		1,775		1,895
Incentive plan (Note 26)		827		—		—
Total compensation and employee benefits		22,782		19,928		21,606

Summary of Cost of Sales and Services

Cost of sales and services for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017		2016		2015
	(in million pesos)
Cost of computers, cellular handsets, cellular SIM    -packs sold and broadband data modems (Note 18)		10,277		16,053		15,794
Cost of services (Note 18)		2,572		1,540		1,064
Cost of point-product-sales (Note 18)		784		700		579
Cost of satellite air time and terminal units (Note 25)		—		—		16
Total cost of sales and services		13,633		18,293		17,453

Disclosure Of Other Income (Expenses)

Other income (expenses) for the years ended December 31, 2017, 2016 and 2015 consist of the following:

	2017			2016			2015
	(in million pesos)
Gains on sale of investment (Note 10)		6,512			7,365			2,838
Equity share in net earnings of associates and joint ventures    (Note 10)		2,906			1,181			3,241
Interest income (Notes 12 and 16)		1,412			1,046			799
Gains on derivative financial instruments - net (Note 28)		533			996			420
Foreign exchange losses - net (Notes 9 and 28)		(411	)		(2,785	)		(3,036	)
Financing costs - net		(7,370	)		(7,354	)		(6,259	)
Other income (expenses) - net (Notes 11 and 13)		1,476			(3,081	)		(3,200	)
Total other income (expense)		5,058			(2,632	)		(5,197	)

Summary of Financing Costs - Net

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