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Financial Assets at FVPL/Available-for-Sale Financial Investments (Tables)
12 Months Ended
Dec. 31, 2018
Availableforsale Financial Assets [Abstract]  
Summary of Financial Assets at FVPL/Available-for-Sale Financial Investments

As at December 31, 2018 and 2017, this account consists of:

 

 

 

2018

 

 

2017

 

 

 

Financial

assets

at FVPL

 

 

Available-for-

sale financial

investments

 

 

 

 

 

 

(in million pesos)

 

Rocket Internet

 

 

3,128

 

 

 

12,848

 

iflix Limited, or iflix

 

 

844

 

 

 

1,841

 

Phunware, Inc., or Phunware

 

 

497

 

 

 

 

Club shares and others

 

 

294

 

 

 

239

 

Matrixx

 

 

 

 

 

237

 

 

 

 

4,763

 

 

 

15,165

 

Summary of Details on Investment in Rocket

Further details on investment in Rocket Internet for the years ended December 31, 2018, 2017 and 2016, and as at December 31, 2018 and 2017 are as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

Total market value as at beginning of the year (in million pesos)

 

 

12,848

 

 

 

10,058

 

 

 

14,587

 

Closing price per share at end of the year (in Euros)

 

 

20.18

 

 

 

21.13

 

 

 

19.13

 

Total market value as at end of the year (in million Euros)

 

 

52

 

 

 

213

 

 

 

193

 

Total market value as at end of the year (in million pesos)

 

 

3,128

 

 

 

12,848

 

 

 

10,058

 

Total cost of sold shares (in million pesos)

 

 

9,563

 

 

 

 

 

 

 

Net gains (losses) recognized during the year

   (in million pesos)

 

 

(157

)

 

 

2,790

 

 

 

(4,529

)

Recognized in profit or loss (in million pesos)

 

 

(157

)

 

 

(540

)

 

 

(5,381

)

Recognized in other comprehensive loss (in million pesos)

 

 

 

 

 

3,330

 

 

 

852

 

 

 

 

2018

 

 

2017

 

 

 

Financial

assets

at FVPL

 

 

Available-for-

sale Financial

Investments

 

 

 

 

 

 

(in million pesos)

 

Balance at beginning of the year

 

 

12,848

 

 

 

10,058

 

Fair value adjustment in profit or loss

 

 

(157

)

 

 

 

Disposal of investments

 

 

(9,563

)

 

 

 

Impairment loss

 

 

 

 

 

(540

)

Fair value adjustment in other comprehensive income

 

 

 

 

 

3,330

 

Balance at end of the year

 

 

3,128

 

 

 

12,848