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Financial Assets at FVPL (Tables)
12 Months Ended
Dec. 31, 2019
Availableforsale Financial Assets [Abstract]  
Summary of Financial Assets at FVPL

As at December 31, 2019 and 2018, this account consists of:

 

 

 

2019

 

 

2018

 

 

 

(in million pesos)

 

Rocket Internet

 

 

2,381

 

 

 

3,128

 

iflix Limited, or iflix

 

 

599

 

 

 

844

 

Club shares and others

 

 

328

 

 

 

294

 

Phunware, Inc., or Phunware

 

 

61

 

 

 

497

 

Matrixx Software, Inc., or Matrixx

 

 

 

 

 

 

 

 

 

3,369

 

 

 

4,763

 

 

Summary of Details on Investment in Rocket

Further details on investment in Rocket Internet for the years ended December 31, 2019, 2018 and 2017, and as at December 31, 2019 and 2018 are as follows:

 

 

 

2019

 

 

2018

 

 

2017

 

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

 

 

3,128

 

 

 

12,848

 

 

 

10,058

 

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

 

 

22.10

 

 

 

20.18

 

 

 

20.13

 

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

 

 

42

 

 

 

52

 

 

 

213

 

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

 

 

2,381

 

 

 

3,128

 

 

 

12,848

 

Net gains (losses) recognized during the year (in million pesos)

 

 

89

 

 

 

(157

)

 

 

2,790

 

 

 

 

2019

 

 

2018

 

 

 

(in million pesos)

 

Balances at beginning of the year

 

 

3,128

 

 

 

12,848

 

Fair value adjustment in profit or loss

 

 

89

 

 

 

(157

)

Disposal of investments

 

 

(836

)

 

 

(9,563

)

Balances at end of the year

 

 

2,381

 

 

 

3,128