Notes to the Statement of Cash Flows

12 Months Ended

Dec. 31, 2018

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Notes to the Statement of Cash Flows

28. Notes to the Statement of Cash Flows

The following table shows the changes in liabilities arising from financing activities:

						Foreign
						exchange
	2017		Cash flows			movement		Others			2018
	(in million pesos)
Interest-bearing financial liabilities (Note 20)		172,611		1,722			1,723		220			176,276
Long-term financing for capital expenditures    (Note 21)		5,580		—			—		(2,615	)		2,965
Accrued dividends and other related costs		1,176		(6,614	)		—		6,785			1,347
Dividends		1,575		(13,928	)		—		13,886			1,533
		180,942		(18,820	)		1,723		18,276			182,121
						Foreign
						exchange
	2016		Cash flows			movement		Others			2017
	(in million pesos)
Interest-bearing financial liabilities (Note 20)		185,032		(13,097	)		417		259			172,611
Long-term financing for capital expenditures    (Note 21)		13,673		(7,735	)		—		(358	)		5,580
Accrued interests and other related costs		1,412		(7,076	)		—		6,840			1,176
Dividends		1,544		(16,617	)		—		16,648			1,575
		201,661		(44,525	)		417		23,389			180,942

Others include the effect of accretion of long-term borrowings, effect of accrued but not yet paid interest on interest-bearing loans and borrowings and accrual of dividends that were not yet paid at the end of the period.