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Investment Properties (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Investment Property [Abstract]  
Summary of Changes in Investment Properties

Changes in investment properties account for the years ended December 31, 2018 and 2017 are as follows:

 

 

 

Land

 

 

Land

Improvements

 

 

Building

 

 

Total

 

 

 

(in million pesos)

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of the year

 

 

1,322

 

 

 

8

 

 

 

305

 

 

 

1,635

 

Net gains (losses) from fair value adjustments charged to profit or loss

 

 

389

 

 

 

(1

)

 

 

(10

)

 

 

378

 

Transfers to property and equipment

 

 

(1,115

)

 

 

 

 

 

(121

)

 

 

(1,236

)

Balance at end of the year

 

 

596

 

 

 

7

 

 

 

174

 

 

 

777

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of the year

 

 

1,567

 

 

 

8

 

 

 

315

 

 

 

1,890

 

Net gains (losses) from fair value adjustments charged to profit or loss

 

 

4

 

 

 

 

 

 

(7

)

 

 

(3

)

Transfers to property and equipment

 

 

(10

)

 

 

 

 

 

(3

)

 

 

(13

)

Disposals

 

 

(239

)

 

 

 

 

 

 

 

 

(239

)

Balance at end of the year

 

 

1,322

 

 

 

8

 

 

 

305

 

 

 

1,635